| t 3tVffhly §jkw:?|rptv,REPRESEN TIN G TH E IN D U STR IA L AND COMMERCIAL INTERESTS OF TH E U NITED STATES.{Entered, according to Act o f Congress, In the year 1893, by Wm. B. Dis.v & Co., in the office ot the Librarian of Congress, Washington, D. C. 1

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C L E A R I N G H O U S E R E T U R N S .

Tbe following table, made np by telegraph, etc.. Indicates that the total bank clearings of all tlio clearing houses of the United States for the week ending to-day, July 22, have been $974,282,934, against |9> ,0(M,448 'last week and ft ,042,875,824 the corresponding week of last year.

OLSAireoaF U tvm s fry Telegraph.

H#w York......................Horton---- . . . — ...Philadelphia..... ............Baltimore . . ._______Chicago ___ __________81. L o u t ...............Hew OriM m ..................

i c i ’ l** , 5 Other cl tie*. 5

Total all cltl#*, ft daja M. A ll ettlea. 1 day ................ ...

Total all ettlle for week..

Weak Ending July 21.1883.

•4ft0.T7ft.450TOJOi.ftfttftfl.rO3.903l l . f t l l . 0 1 367.ifrft.3tf0lft.ft40.071ft.ftftAlft5

§687. *83.029 123,019,043

§810.301.708 163.901.326

f074.f02.934

ttft8.O07.09H 7ft.S19.3t4 ft9.6H4.02ft 11A77.08S 81.093.000 ftO.f 04.961

6.194.7409722.790.333

141*287.4039861.07 9.23ft

178,797.38981,043.875.024

Ptr CmL

-1*7 —7*8 — fi*2 40*3

-1 7 1 -21*8 -7*8

New Y o r k . ..Sellet of—

(Stock*................. thnre*.(Grain........ . * MlM

B oa ton ...............................PTOTidence......................H a r t fo rd ..........................New U a t $ d ....................BprtutfOo d ......................W o rc e s te r ....................... .P o rtla n d ................... .........IjOWOU...................... -New B e d fo r d ................. .Kali R is e r * ......................

T o ta l N ew E n g la n d .

P h ila d e lp h ia .. . .P u uhanc............B a ltim o re ............B u ffa lo ...................Wa«hln»tt n---FL -c hea ter............Brrocuo*.........W ilm in g to n ........Binghamton--- -

T o ta l M id d le .

Chtenffo..................C M hbU............,Milwaukee...........Dine aland............... .Ooj— free...............f l i l —ipoile............Pnorla...............G rand K «pt 1« L e x in g to n ....................

mA k r o n . . . ..........A prtoeO eid . 0 .Bay Cltr*.......C a n ton *..............

-4*9-12*9-6*2 - 8 3

The full details of clearings for the week covered by the above statement will be given next Saturday. We cannot of course furnish them to-day, bank clearings being made up by the various clearing houses at noon on Saturday, and hence in the above the last twenty-four hours of the week have to t>« in ail cases estimated, as we go to press Friday night.

Our usual detailed figures for the previous week, covering the returns for the period ending with Saturday noon, July 15, as well aa the comparative totals in 1692, are given lielow. The aggregate of exchanges shows a slight falling off from the previous week, but at New York there is a gain of about ten and a quarter millions of dollars. Contrasted with the corresponding period of 1«92, all but sixteen of the cities record losses, and in the aggregate for the whole country there is a failing off of 10’8 per cent. The most important percentages of decrease this week have been at Sioux Cut, 55-a per cent; Memphis. 58-5 ; Great Falls. 50 2 : Nashville, 2~’J * Chattanooga, 49; .Seattle, 419, and Portland, Oregon,

percent. The greatest gains have Ireen at Duluth. 34’9 per cent; Saginaw, 84’8, and Binghamton, 24’1 per cent.

T o ta l M id d le W **t*ru .

4*n ProncUco.Portland.........Balt LakoOlt?*Iftiitlla...........f tLo* Anj«!«i............H e le n a .................................O r a l n u t e ........................B lo a t K ail*.......................* ...............A lb u q u e rq u e * ........ ..........

T o t a l P a c if ic ..................

K u m i C U f ..................Ml— epnlle.............Onifea.....................ftt. P a r t ...........................Dmvtr.................DaJntk...................Bt. Joeeph................B lo a t C ity ..................... .Dee Moines..............Unaoln.................. .TiafcHa....................T o p e k a ............................F re m o n t ...........................H u e h ln e o n ................BBtImrttrtd. M o .* .........llaetlngx*,.................

Total Other Weetern..St. Loal*.................Now Orleans............LoaicTili#................ .041T4HOB.............Hoaaum....................Mam phi*..................Richmond.................Nashville...................Savannah..................Atlanta....................Charlaatoo.t..............Dal la*........................Norfolk......................Weoo..........................Port Worth...............Birmingham..................Qaattanoog*..................Jacksonville*...........

Total 8oatb*rn......

W eak E n d in g J u ly 15.

1693.

Total all....................O u ts id e N *w Y o r k . . .

Montraal ... . . .. .T oron to .............Halifax .............H a m il t o n .............

T o t a l Canada.

5ftl.019.3d70296,618)(10.291.700)8ft.8l9.220 ft. 179.800 ft.7ta.122 ft,u83.f’84

1.48*.854 |U M iW'3.480i 752.217 i 537.965 713.8*)

W eek E nd'g Ju ly

18«2

100.310,123rt.262.T0913,077.97014AMUU06.68V373 1.776.232' 1,083.3ft 7 983.138 M in34l.4t.-0

105.9*8^3283j67ft.ft8lM4&M7MBAdl*

1,665.910345.9*6399.093264.756 I- 4.284

U0.66J.rJft13.062.4431.260.774

644.111588.757 6 -8 , >44 217.493 130.72ft ftftOjftftft

33.029I7.l0ft.242

R .5 3 3 .2 3 0 M72.08* 5 ,7 0 7 5 9 1j l t t M3.2*8.7201 .8 2 4 .7 0 61.840.000

532,071860.000491,406501.643 319,928

67 .6r 8 70.000

79.67433.693.50721.421.3386.235.623fl.OU6.62o1.760 3021.300,430

INMI2,5*9.064

0O3.->161,133.306

951.562

777.8621.021.771

270.562376.000290.173 *50 8*0 362.021

607.588,116

<799.136)(26.824,037,

101 907.2426.017.100 2.880.750 I W 538 1,508 791 1.452.579 1.314.884

837.400 552,141

118.349.4 2g

72.439.327li.8JP.52,>14.9*0.66?

8.8*3,5742.149.2101,567.627

970,5721,205.562275.100

P. Cent 1*<>3- IP . Cent.

—7*7 550.827,250

(462D( - 6 1 6 )

— 14*8 1-1 5 - 5 4

+ 1 2 4 -1*41 + 0 9 4-2*3

-10+ —2 6

—12*7

- 1 1 3 — 174 —4 6 -1 8

- 1 1 4 + 8 0 4-1 3

- f t * 4 4 2 i* l

'505.536)(7,069,600)

91.319.572 5.70O.200 3.257.177 1,728.676 1,618.299 M 26.968 1,3«a.005

7(8,065 419 450 856.787

110,589.332

60,452.6611 2 .7 7 4 .1 0 314.643.776

8 . 3 1 5 .0 8 51.747.1871.618.9261.058,101

B r m B3 2 6 . 2 » "

(—43*5) (-6 0 * 5 )

-2*2+ 1 7 2

■w o +14-5 44*7 +0*4 —4*3

-84*4

4 6 .2 6 7 .O i 1

9 8 7 .C 0 I .4 4 8

" 4 2 6 .0 7 5 ,1 8 1

1 1 .6 0 2 3 7 * ftakOft 0831 .3 4 9 .8 7 H

7-4.616IMiA... I

- 0 8

+9*0 -5 * 9 -3 * 5 —**4

-2 2 74 -*-3-5

+24*5 4-6 9

118.221,05 —lu U0J(il(J.7X -H I10O.843.6TH — 16 85.461.54 - 8 1

13.7fl-\«o« -1 8 * i 11.149.25 > —2 0 *721 5 .6 0 —26* 1 6.082,78 -1 9 * 36.619.9*; — 17 5.680.81 1 —AO 4r6.100.82 - 8 > 5.266,16 ' - 4 93,5*6.701 -1 6 * 8 3.159.40 ' -1 5 *41.691.9* 4-4- 1 1.350.22 1 — 12-32 0*7.60 - 3 1 L607.5O 1 — 14-7l.dii.10 -1 2 * i 849.1ft -2 3 *1

466.771 -25 304,68a —35*A298.141 + 31 4 1 301.93 —9 8«50.00( + 2 216.90 - F A16i.39r +5* 221,16 —0*7

31I.0H177.) V

143.99J.47V -16*1 l21.1t8.7ot! - l o * 7l *.478.228 -2 S S 10.382.6& - 2 1 -82.056,e5. -3 8 -7 1,502.5b€ —38 A1.108.919 —41 732.941 —8 2 2

70ft SA -2 7 1 4*6.79" - 3 7 8702.761 - 1 6 369.531 —»7.9*66.567 —19 096.81* 4-5 4456.98C -to XOO.IXH -$ ir143.001 - 2 3 131.41( —7*0

221.01i53,448

23,189.312 -2 7 *2 14^52.782 -2 0 * 710.250,6*2 —I fl8 7,740.853 —1 0 07,12J.8mO —24 6 5^t7.27* - 4 2 06.811.611 - 1 6 2 5.170692 - aIFIft. 184. *62 —lfl*C 4.780.811 -1 3 * 05.226.* 1* -37 5 3.676 92V —30*11.36 *.>60 + 3* 9 1.323.581 + 0 '41.70J.241 4-8 0 l,*Ml,8i 9 —3*51.189.201 —55**2 C13.0M - 4 2 0LlOO.QuO —22*7 HJ5.295 —20 8

577,076 — 1**9 363,983 —39'2511.961 —2 C 399.51 S —9*33549436 - 9 * 464.578 + 1 * 0

H6. 80 -2 1 6 100.457 + 4 0 380.0C0 - 1 T 5 67,4*4 - 9 '6

41.655.618 -1 8 *9 32,738.291 -2 1 * 723.727.065 - 9 7 21.0*3.777 -9 * 4

7,185,181 — 13*2 6.589.951 +9*27.191.577 -1 5 * 2 6.526.33* — 14*31.45*).fll3 +21*8 1.M99 JOS + 13*61.283.451 4-1*3 1,7 71,167 +56-41,916.981 -ftl'fr LO 40.959 -4 1 92.912.* #8 — 11 1 2.914.234 -2 * 11,776.6.14 - 4 9 7 1.051.407 —42*51.291.*72 - 1 2 3 l.Soe.172 + 1 3 61.174,608 -LUO 1.0*8.820 - 1 6 7

7 8 '.416 -4T 3 798.438 +2*79619*40 + 4 1 939.520 +6*3436,062 —38 u 352.410 —20*3432.979 - 1 3 4 425,000 —26*2464.6»0 —38*1 323. 83 —4U5491,500 - 4 9 0 315.098 -2 9 * 7

832.21963.505.14 6 - 1 3 5 47.OA7.Ovi —6 9

106,702 1*4 - 1 0 8 988.910.211 -0 * 3

499.114,028 ~ —14 6 438.032.991 —0*2

13,922.596 - 1 6 7 11.355.222 —6*27.006. 11 — 11 4 9.151.412 + i i i1,191.687 + 1 3 3 1.702.421 v + i 2

760.H12 - 0 5 1.0*9.201 4-6 622.188.1066 —13*0 23.808.26d + 7 -3

• Not Included In totals. + Publication dleoontinned for the present.

m THE CHRONICLE. [VOL. LVXI.

THE

s w £ a n d city m r m v t t r i ' r .w §ee pages 155, 156, 157, 158, and 159 for our Stateand City Department.

A1I advertisements with relation to State and City Bonds will likewise be found on the same and following pages.

THE FINANCIAL SITUATION.We have had another week illustrative of the utter

lack of confidence which exists. Rumors at the moment are as good if not better than facts to start a semi-panic, for facts appeal to the judgment, but rumors take hold of the imagi­nation which is now in control of the public mind. No new event has happened to justify the con­ditions which prevailed on Tuesday, and which also prevailed in large measure on Wednesday and to some extent still continue. To be sure bank failures formed a conspicuous feature on the days mentioned, especially at Denver; but even the bank failures had almost no connection with insolvency, being occasioned rather by an insane effort of wildly-excited depositors to turn the entire assets of a few financial institutions into cash on a single day ; naturally enough the banks succumbed under that heroic treatment, as so many others have before during this singular period. Tuesday was also made conspicuous by reported discoveries of rate cut­ting on our trunk lines ; of course it was not claimed that a rate war existed as a consequence, but rumor made that to be the inevitable upshot of the affair, and “ doubled the numbers” of the apprehen­sive by acting upon London as well as New York “ like the voice and echo.” London too must have been well plowed over beforehand and put in readiness for this movement, as it did its part of the work most effec­tually. Judging from the gossip circulating on our streets, one could easily have believed that every house of any prominence at that financial centre was at the point of failing, and every investor there was not only anxious, but trying to part with his last American security at the lowest price he could get.

Sifted from the fiction, what a trifling residuum of fact is left of all this ! To be sure there is the 1890 silver law, daily continuing to wear away the basis of all values with its deadly grind. Perhaps no one ought to expect steadiness of nerve either among our own people or those who hold our evidences of debt, so long as that process of disintegration is not stopped. But other than that there is little one can find in the reports of a substantial character, now that the special frenzy has passed away. Of the new national bank suspensions this week the bank examiner says of those at Denver “ that he does not think he will have to place one in the hands of a receiver ;” and furthermore, “ that he believed all of them will resume business in a short time.” The two or three suspensions this week else­where which are likely to show impaired capital, it may be well enough to remark, are in that plight only because of the shrinkage in values necessarily inci­dent to the threatened danger which besets our measure of values. As to the rate war among the trunk lines, lit­tle was heard of it after Tuesday, even the assigned cause of the war having diminished in proportions day by day until Thursday, when it was announced that there never had been any basis for the war rumors or even any truth in the irregularity reported. No one whose judgment is even passably sound ought for a

moment to have entertained the belief that the man­agers of those great carriers are in the mood or in shape to commit such an indiscretion. We need not speak of the London failures, for later developments have proved them insignificant enough, establishing also the false character of the rumors which attended them ; while the London investment sellers of our stocks must have been a very small crowd not to have made a greater impression on our foreign exchange market. There were speculative holders of the Vanderbilt properties on this side of the Atlantic that were shaken out at the decline, and probably some in Europe too ; and no doubt such sales were accountable for about all the new stock that came on the market.

But though exaggerations made up the body of the reports which were the cause of this w eefs excitement, no one need assume that we have seen the last of these flurries. The conditions continue ripe for them, and as long as they remain unchanged we must expect that they will be cultivated from time to time by those who find profit in that kind of work. The only absolute cure is the repeal of the Silver Purchase law. Until that is accomplished or becomes assured, enterprise will be sus­pended, business must contract, failures must continue, and confidence be at zero. There is, however, no need for any panicky feeling. Our merchants, our bankers and our banks are as a rule sound. The very suspen - sions which have occurred have proved that. Moreover, all the country needs is that the relief required may come within a reasonable time; and that is sure to be the case, for no body of legislators can under present circumstances dare refuse speedy action; besides, the indications as to the final outcome continue to be all of a favorable character. In the meantime the public has occasion for quite a little patience and ought to put as little faith as possible in rumor3, resting in the assurance that when the cause of our suffering is re­moved the recovery will be immediate.

Notwithstanding the events of the week above re­ferred to, the financial situation here has shown an im ­proving tendency. Money on call has been in good supply; foreign exchange, although strong early in the week, has again fallen off to the gold-importing point; moderate amounts of that metal continue to arrive; and the condition of our banks has appeared to be growing more assured daily. For call money the ex­tremes the first half of the week were 7 and 11 per cent, the highest rate having been recorded Monday and the lowest on Tuesday, after the demand for the day had been satisfied; but since Tuesday the market has moved between 6 and 3 per cent, making the aver­age of the week 5 per cent. Renewals have been gener­ally at 6 per cent, and banks and trust com ­panies quote this figure as the nominal counter rate, but the majority of the latter loan their money in the Stock Exchange and get the rates current there. The supply of call money continues to come chiefly from those who are unwilling to loan for fixed periods. Time contracts are in good demand and the supply is meagre. Some money which does not flow through the usual channels has been loaned for a year at 6 per cent with a liberal com­mission, on all dividend-paying stocks, and one trans­action is reported for 75 days at G per cent and 4 per cent commission; but ordinary time money is very scarce. There has been a little business in commercial paper and one or two of the city banks have bought some at high rates. Merchants want money and would meet the market if they could be supplied, but the,

128JULY 22, 1893, j THE CHRONICLE.demand, for paper is still so limited that the rates re­main high, ranging from 8 to 12 per cent for the best names. Clearing-house loan certificates now outstand­ing amount to $22,100,000.

The London market was disturbed on Monday by rumors that a prominent house was in trouble, and on Tuesday the unsettled feeling increased, caused by a repetition of the same report with the addition of the name of the firm ; but ou the following day there came a positive denial of the firm s embarrassment and the market sharply recovered. It appeared that the dis­quieting rumor was based upon the fact that one of the junior partners of the firm had become involved in private speculations. The cable reports discounts of silty to ninety day bank bills in London 1|@H per ce n t ; the open market rate at Paris is 2^ per cent, at Berlin it is 31 per cent, and at Frankfort 3 f per cent. According to our special cable from London the Bank of England lost £50,000 bullion this week, and it now holds £29,534,575 ; our correspondent farther advises us that the loss was due to an import of £29,000 from Portugal and £79,000 sent to the interior of Great Britain.

Foreign exchange was strong early in the week, in­fluenced by a lighter supply of bills, a demand from remitters, and easier money. There was no perceptible effect upon the market as the result of the reported large selling of stocks for European account ou Mon­day and Tuesday, and the inference was that theselling was for short account, and therefore was followed by no demand for bills to remit the proceeds. When the shorts were covered on Wednesday and the arbitrage houses bought stocks for European account, the supply of bills against these purchases became so liberal that the market grew weaker ; besides these bills, there were large offerings of cotton futures, altogether causing a decided fall in rates; but there came a reaction in the tone on Thursday afternoon. The market yesterday, however, closed barely steady. As

already said, gold continues to move hither from Lon*

the drawers again advanced rates half a cent. The market closed barely steady, as already said, at 4 83 to 4 834 for sixty-day and 4 85 to 4 85-J for sight. Bates for actual business were 4 82 to 4 82jr for lon g ; 4 84 to 4 8 R for short; 4 84| to 4 84f for cable transfers; 4 81i to 4 814 for prime and 4 81 to 4 81i for docu­mentary commercial bills. The Bureau of Statistics has this week issued the statement of the country’s imports and exports for June and the fiscal year, and we furnish herewith a summary in our usual form.

F o r k eg v T e u o e M o v e m e n t o r t h b U n it e d St a t e s . lu tlis follow ing table three ciphers (000) are In all cases om itted.

-1802-93.---------------- . .-------------- 1891-92,-M a r c h a n - E xp o rts . Im p o r ts . Excess. E x p o r ts . Im ports . E x te rn .

d i s c . % $ $ 4 *J o l f -S e p t . . . t s e . i 5 7 3 3 1 .0 7 8 - 3 5 , 5 1 9 3 1 8 ,2 0 9 1 9 4 ,5 0 0 + 3 3 .7 0 9O ct -D e c . . . * 7 3 ,1 1 1 3 3 3 ,7 9 5 + 5 U .3 1 6 3*1*4.917 21(11,175 + 1 3 1 ,7 4 3J a n .-M a r .. . J 9 4 .1 8 2 3 3 3 ,9 7 7 —6 1 ,0 5 5 3 6 8 ,0 0 5 3 1 4 .6 7 4 + 5 3 ,9 3A p r i l ............ 5 9 .5 7 4 8 4 .9 9 8 -• 2 5 .1 2 4 7 3 .9 5 5 7 6 ,311 - 3 8 8

M a r - ......... 6 * .7 4 3 7 9 ,798 - 1 1 . 0 5 5 6 9 ,7 0 4 6 8 .0 9 8 + 1 .0 0 8J u n e . . . . . . . IS $.41*S 7 3 .8 3 2 - 1 0 . 4 1 8 6 4 .S S 8 7 3 ,0 1 6 —7 ,1 2 8

T o t a l . . . . . . S 1 7 . 4 « 9 1 1 .0 7 8 - 9 3 . 8 3 3 1,030,278 <5-27,402 + 2 0 2 ,8 7 8

i J o l i l .J o tr -S e p t ... 3 0 4 0 0 *3.179 + IS .2 S I 7 ,180 9 .876 - 3 .6 9 6O ct -D e c . . 1 4 .5 0 * 7 .2 3 0 + 7 .2 8 7 1 .4 4 6 3 1 .7 8 8 - 3 0 , 3 4 3) « n .-M » r . . . 3 4.013 8 ,237 + M 6 .7 0 6 13 .0 0 4 0 ,4 6 3 + 0 ,6 0 1

1 9 .1 * 8 8tM + 1 8 .3 4 5 7 ,522 487 + 7 .0 S 5

M a y - ........ .. l 6 .914 1.709 + 13 .S 05 3.S54 591 + 3 ,3 6 *

7 a o e .............. * ,7 U 1.009 + 1,702 1 7 .1 2 9 *9* + 1 6 ,6 3 5

T » t * I ......... 1 0S.6SO 3 1 .1 7 4 + 8 7 ,6 0 0 $ 0 ,1 9 5 4 9 .6 9 9 + 4 9 6

S i l v e r .J « lT -S »P t... 0,0*58 3 4 * > + 3 .1 8 8 7 .3 *5 3,147 + 3 .1 9 8O ct -D e c . . . 1 3 .1 1 8 8*041 + 4 .0 7 7 1 0 .6 7 5 8 ,702 + 3 ,9 7 *la c .-M a r .. 1 0 .137 3 .3 .:* + 4 .8 2 9 7 ,318 3 .S03 + 4 ,0 1 3

A p ril. . . . . . 4 .33S 908 + 1.427 * .1 7 2 1.182 + 990

M ay............... 3 ,065 1.772 + 1 .2 9 3 1 ,880 1,483 + 4 1 7

T im e ........... 4 .'H 6 1 <598 + 3 .4 3 0 3 422 2 ,158 + 1 .2 6 *

T o t * ! . . . . . 4 0 .7 0 7 3 3 .1 8 3 + 1 7 ,5 * 4 3 3 .8 1 0 1 9 .9 5 5 + 1 3 .8 5 5

+ Bxotww o f export*. — E xcess o f Im ports.

We subjoin the totals for merchandise, gold and sil­ver for the twelve months for six years.

M e h c h a k ih * * . jT m fry

Mm. Export*.\ Excsss ’

Import*. o f

— t e a

OOM>. I BU.VSB.

»*1.«*!*»»•«»»99-91 KHt.4»( hiLW*! SIM** »*( m i « 3 7 7S0-*loj HM-Wfl 9 l--t.nu 7U.W1; ••*.?» S 7 S - 0 0 3 864 > • » . » ;

port*.

» 1t«M»i• 0.U *Sfl.-MV)I7.an5 9 .9 3 1

Sjn*1

p ort ..

! i 0/ ,

Export I

I3l,m-HMDS

1 3,94310,21*4 3 .W 4

ports .

I 18 7 ,6 m 10,787

iwi!3-i.8io «N.ia>i 33.591

4.SH 34,874 4 n.m i36.080 •■i.yyii ■ts.nna

Im ­port#.

E X C t S S

Of &Z~ ports.

$ $f3 .1 9 3 1 7,544 1W 55.12 ,8 5 fti H.m\ i.&e*•41,088 13.841 18,578:18,011 t S.b’*11 ‘2,534

don in moderate amounts, but it is obtained from the open market, and it is reported by the receivers that the English sovereign* sent areof light weight. The Trave brought £67,000 to L. von Hoffman & Co. and there was an arrival of $375,000 Spanish gold from Havana, while £48,700 consigned to various parties came in on the Fuerst Bismarck yesterday. It was stated on Thursday that Kuhn, Loeb & Co. had made a bid for a round amount of gold in London, and this was the foundation for a rumor that a large consign­ment would be shipped. Compared with the rates last week Friday, the exchange market opened higher on Monday. Brown Bros, posted an ad­vance of h d f a cent and moved upward another half a cent daring the day. Baring, Magoun & Co., the Bank of British North America, the Bank of Montreal and Heidelbach, Ickelheimer & Co. advanced their rates half a cent- On Tuesday Brown Bros. & Co., the Bank of British North America, the Bank of Montreal and the Canadian Bank of Commerce moved up half a cent, but on the following day Brown Bros, reduced a full cent, and the Bank of British North America half a cent, while Baring, Magoun & Co. and the Canadian Bank of Commerce advanced half a cent. On Thursday Brown Bros., Baring, Magoun & Co., the Bank of British North America, the Bank of Montreal and Ileidelbach, Ickelheimer & Co. reducec half a cent each, while the Canadian Bank of Com­merce lowered it* rate a full cent. Yesterday some of

* * * * * * * o f Im port*.The foregoing results are reviewed at length in a sub­

sequent article.The statement of anthracite coal production for the

month of June shows that the companies are disposing of large amounts of coal, and it also shows that in the increase in output the Schuylkill region, iu which tho Beading collieries are located, stands as usual at the foot of the list. As compared with June last year, the amount of coal mined the present year increased 293,- 825 tons, of which increase the Wyoming region con­tributed 109,385 tons, the Lehigh region 81,641 tons, and the Schuylkill region only 42,799 tons. For the six months to June 30 there has been an increase in production of 1,043,120 tons, and of this the Wyoming region supplied L,209,014 tons; for the Lehigh re­gion the increase is 485,007 tons, while the Schuyl­kill region actually produced 50,895 tons less than in the corresponding six months of last year, ft is interesting to note that notwithstanding the increase in production in the late month, tidewater stocks of coal were slightly reduced, standing.at 808,854 ton* at the close, against 877,014 tons at the beginning of the month. Even tinder this reduction, however, the stocks now are larger than on January 1, or than at the corresponding date last year ; at this latter period thev aggregated only 667,724 tons, and on Jane 30, 1891, they were 678,144 tons, against 808,854 tons at the present time. By allowing for these changes iu

124 THE CHRONICLE. [ V o l . LVIu

tidewater stocks, we find the amount of coal apparently disposed of by the companies, as follows :

Anthracite Coal.June. January 1 to June 30.

1893. 1892. 1891. 1893. 1892. 1891.

Btock beginning..o f period .........

P rod u ction ............T otal supply ..

Bt’k end o f period■Disposed o f . . ..

Tons.877,014

4,116.632

Torn,.684,662

3.821.807

Tons.692.874

3.780,242

Tons.657,868

21,022,853

Tons.754.432

19,379,727

Tons.535.652

17.965,093

4,992,646808,854

4,506,469667.724

4,473.116678.144

21.680,721 !20,134.159 809,854] 667.724

18,500.745678,144

4.183.792 8.838.745 3.794.972!20.871.867 19.4 66.435 17.822.601

We have no means of knowing what changes hare taken place in the stocks at interior storage points, since no official data are furnished in that regard, but on the basis of the changes in tidewater stocks alone, as here computed, the exhibit it will be seen is a very satisfactory one. For June, 1893, 4,183,792 tons were disposed of, against 3,838,745 tons in 1892, 3,794,972 tons in 1891, and 3,419,700 tons in 1890, thus showing an uninterrupted increase; for the six months the result is much the same, 20,- 871,867 tons haying been disposed of in 1893, against 19,466,435 tons in 1892, 17,822,601 tons in 1891 and but 15,646,258 tons in 1890.

On another page we give our statement of net earn­ings for the month of May, and in the improved re­sults shown it is one of the best exhibits we have had for along time. For the month of June the Baltimore & Ohio has a very good return, reporting 161,728 in­crease in gross earnings accompanied by a reduction o f $91,504 in expenses, thus producing a gain in net for the month of $153,232. The Illi­nois Central for the same month will show a still more striking improvement, judging from the estimate given out for the twelve months of the fiscal year. We also have the statements for June of two of the Penn­sylvania companies; the Pittsburg Cincinnati Chicago & St. Louis has $138,991 increase in gross and $153,333 increase in net, and the Pittsburg Youngstown & Ash­tabula $26,915 increase in gross and $24,058 increase in net. The Nashville Chattanooga & St. Louis, a Southern road, reports for June a decrease of $18,731 in gross and a decrease of $8,541 in net earnings; for the twelve months of its fiscal year ending June 30 this company lost $221,509 in gross, but only $36,634 in net, and the surplus above charges and improve­ments is $508,677 for 1892-93, against $540,369 for1891- 92. The Toledo Peoria & Western for June esti­mates an increase of $7,633 in gross and an increase of $6,597 in net. The San Francisco & North Pacific for June shows but slight changes— $963 decrease in gross and $382 decrease in net; the road has a surplus above interest and sinking-fund charges of $61,745 for1892- 93 and $81,007 for 1891-92. Returns of gross earnings for the weeks of July are not coming in so favorably; decreases are rather numerous, and come from many different parts of the country, and there is also a decrease in the grand aggregates of all the roads for both the first week of J uly and the second week.

The following table indicates the amount of bullion in the principal European banks.

Bank ofJuly 20, 1893. July 21, 1892.

Gold. Silver. Total. Gold. Silver. Total.3

29,634,57568,711,517

3 329,534.575

119.634,749

326,764,85364,724,720

3 X26.764,851

116 383,810F ran ce............ 50.923.232 51.659,320G erm any....... 30,083,250 10 027,750 40,111,00* 37,289.250 12,429,750 49,719,001A u et.-H un g ’y 10,402,000 17.371,000 27,773,00* 5,989,t)U< 16.674.000 22,663,00tN etherlands.. 2,817.00* 7,033,00(‘ 9.850,001 8,217.00* 7,122.000 10.339.00(Nat .Belgium. 2,694,667 1,347.333 4,042,00* 2,914.000 1,457,000 4.371.00CS pa in ............. 7,916,000 6,470,000 14,386,000 7,696,000 5.148,000 12,741,00(T ot. this week 152.159,009 08.172.315 245,331.324 148,494,821 94,489.870 212 984.C91T ot. r<»-"Tv w ’ i> 1M P9A 4* « 93 H9‘< ‘248 269 •?*« 14 ".94 5 138 91.3*1 250 212.29D 388

The following statement, made up from returns col­lected by us, shows the week’s receipts and shipments of currency and gold by the New York banks.

W eek Ending July 21, 1893. Received by N . Y . Ranks■

Shipped by N. F . Banks.

N et Interior Movement.

$5,680,0001,431,000

Lo33 $1,669,000* Lo.-s. 840,000Gold____ . . . . . . . __________________ 585,000

Total gold and legal tenders— $4,596,000 $7,111,000 Loss. $2,515,009

With the Sub-Treasury operations and gold imports the result is as follows.

W eekending July 21, 1893. IntoBanks.

Out o f Banks.

N et Change in Bank Holdings.

Banks’ Interior movement, as above Sub-Treas. oper. and gold imports..

Total gold and legal tenders.......

$4,596,00015,100,000

$7,111,00014,400,000

T ,O S S .$ 2 ,5 15,000 Cain. 700,000

$19,690,000 $21,5L1,000 Loss.$l,815,000

A DEFECTIVE CURRENCY AND SAFETY FUND PROVISION.

Considerable feeling has become apparent in Canada over a transaction under the banking law of the Do­minion which is of interest to us. It was a transaction under the Currency and Safety Fund provisions of that law. The safety fund is an important feature of the statute; it is called “ The Bank Circulation Redemp­tion Fund,” and the money raised for it is collected under the requirement that every bank shall pay annu­ally to the Minister of Finance a sum equal to five per cent of the average amount of its notes in circulation, such sum to be adjusted according to the average amount of circulation outstanding during the preceding twelve months. Since a currency system and a safety- fund arrangement somewhat after the Dominion model have often been suggested as features of a new bank-note system for the United States, precedents under the Canadian statute cannot fail to attract at­tention here.

The provisions of the Canadian law with regard to circulation are wholly different from those prevailing in the United States. This is not only true with reference to the above-mentioned provision, but it is true of the principle governing the law and conse­quently of all the details of the system. Our national law, and in fact nearly all the State laws, make deposited security the basis for note issues. The plan under our national law has worked satisfactorily for many years, but the circumstances were exceptional. It is well known that since Government bonds in sufficient amount are no longer available, national bank cur­rency has been rapidly decreasing; but some of the re­cent State laws and some of the older State laws in the effort to retain the idea, have in the lack of national or even State securities, substituted city and county bonds. There are obvious reasons for taking excep­tion to a substitution of municipal obligations. But aside from that we believe the whole system of security deposit to be fundamentally wrong. It succeeded under our national system because bonds were in large supply and because the currency privilege was doubly profitable while Government credit was improving; these were merely temporary conditions, by no means likely to recur. Mr. Horace White, in his address at. Philadelphia before the American Academy of Political and Social Science, discussed this point quite elab­orately and interestingly.

The currency provisions of the Canadian statute are, as we have said, wholly different. They are framed on what appears to us to be a correct theory. That is to say, the notes are put out against bank assets, they are kept out on the credit of those assets, and the assets are

July 82, 1883.] THE CHRONICLE. 125charged with their redemption. Under this plan a hank note theoretically is used merely for the purpose of facilitating the transfer of products of industry ; it is issued on those products and the bank holds the pro­ducts until they are turned into cash, and then redeems the note with the proceeds. That is the theory. In practice the products may be sold and the bank be In possession of the proceeds long before the currency is sent in and retired ; bat the funds which represent the products stand in their place as sponsor for the out­standing notes. Of course in that case the proceeds are mixed up with the other bank assets and used in­discriminately for making money for the issuer, while the note not being presented for redemption remains outstanding in the hands of the public. Thereupon the currency becomes, not Yery unlike certificates of deposit bearing no interest, a convenient representa­tive of money and a medium of exchange in the retail trade.

To enforce under this system the lien on the assets which the facts stated establish, is the purpose of the currency provisions of a judicious banking law. More­over, since the note holders are in no manner inter­ested in the money making of the bank, although the outstanding notes have added to and represent an equal amount of the bank’s resources, and since the average note holder is presumed to be in moderate cir­cumstances, there is every reason why the note should be secured by the whole power of the institution trusted. Hence we find that in tne Canadian law there is first a provision limiting the maximum of notes which any bank may at any time have in circulation to the amount of the unimpaired capital, penalties being attached for any violation of tins restriction, the amount of the penalty varying with the amount of the excess ; and, second, another provision making the notes issued by any bank a first cliarge on tbc bank’s assets. Besides, there is the safety fund requirement, heretofore set out, also a clause making the notes in circulation bear interest at the rate of 6 per cent from the day of suspension until redeemed.

The affair which we referred to at the beginning of this article as having led to the expression of some feeling, grew out of the recent suspension of the Com­mercial Bank of Winnipeg. It seems that the Win­nipeg Bank, just before suspension, paid off a considerable portion of its deposits in its own bank notes. The operation, as the foregoing facts show, must have proved a very wise one on the part of the depositors, but whether it was a proper step on the part of the bank in view of insol­vency, and whether the law ought not to be restricted so as to prevent such an act whenever a bank has reached a condition of insolvency, would seem to be worth consideration. The depositor gained by the operation. He gained in the first place because each of his notes, with the suspension of the bank, at once became a six per cent obligation having a first lien on all the assets ; and in the second place because he obtained the privilege o f recourse to the safety fund in case the bank's assets proved to he insufficient to pay his notes and interest. Had he not obtained the notes he would only have had a fourth lien on the assets. That is to say, the statute givesthe first lion to the note holders, the second to the claims of the Domin­ion Government, the third to claims of the Provincial Government, and the fourth to the depositors, &c.

As to the legal right under the law of the bank at Winnipeg to pay these depositors, as it did, there can be

little doubt. Through the kindness of the Dominion Government we get every month the statements of each of the banks. It appears that the Commercial Bank of Winnipeg had a paid-up capital of $552,650 ; conse­quently if its paid-up capital is not impaired, it could have issued that amount of notes. - On November 30,1892, it reported outstanding $449,890 of notes, and that was the maximum amount it has had out recently and as rar back as we have examined. On January 31,1893, the notes were reported at only $338,985 ; on March 31, 1893, the total was $325,050, and on May 31, 1893, they aggregated only $27S,530. Consequently at this last date the bank had out only about half the notes it was entitled to, if there was no impairment of capital.

O U R F O R E W X C O M M E R C E F O R T H E F IS C A L T E A R .

To say that the fiscal year ending June 30, 1893, will stand as one of the most noteworthy and striking in the history of our foreign trade seems almost superfluous, so familiar has the fact become and so great has been the part played by the foreign trade of the year in its iniluence upon our finances, our currency and upon general business. The year preceding had also been noteworthy in many respects, but in a dif­ferent way, und it is the contrast between the two that constitutes a most marked feature of the results and em­phasizes the great change which has occurred— a change which by reason of our currency derangements all in­dustrial interests were made to feel as the year pro­gressed.

The Bureau of Statistics has issued the statement of the year's export# and imports, and the results are such as we had been prepared for by the monthly returns. It deserves to be noted, too, that while in June some Improvement occurred, more particularly in the fact that aggregate merchandise exports exceeded those of the corresponding month of the year preceding—June being the only month of the year distinguished in that way— on the other hand the merchandise imports still ran larger than in 1892, so that the adverse showing continued up to the close of the year. The results for the twelve months may be summarized in brief by saying that as compared with the twelve months pre­ceding the merchandise exports fell off a3 much as 182$ unllion dollars, and at the same time the merchandise imports increased 1134, making a combined difference against the late year in the amount of 296 million dol­lar.-. While in 1891-92 the United States had a bal­ance in its favor on the merchandise movement in the sum of $202,815,086, in 1892-93 the balance was against the country— that is, merchandise imports exceeded merchandise exports— in the sum of $93,652,981. There have been years of striking differences in the past, but doubtless the last two years will long remain unique in that particular in the trade records.

Of course the contrast is heightened by the fact that in 1891-2 the trade showing had been very favorable, Still the balance in favor of the United States in that year was by no means as heavy as in several other years. Moreover, even as compared with years not distinguished for especially good results, the late years excess of imports of over 93f million dollars is found to be quite out of the ordinary. Indeed, in the last two decades it has happened but four times altogether (including the late year) that imports have been larger than the exports, and the excess has been small in every case except the last. To find as large a bal-

126 THE CHRONICLE. [VOL. LVII.ance against us as for 1893 we would have to go back just twenty years, to 1873, the excess of merchandise imports in that year having been $119,656,288. Up to that time, or rather up to 1874;, an adverse balance had been the rule; since then it has become the excep­tion, which, therefore, gives added importance to the outcome of the late year. The following shows the imports and exports for each year since 1880.VAT.TTF OP IMPORTS AND EXPORT8 OF MERCHANDISE FROM 1881 TO

1893 INCLUSIVE.

Year tndino M erchandise . Excess o f E x p o r ts T o ta l Im p o r tsJune 30, E xp o rts . Im p o r ts . or Im p o r ts . a n d E xp o rts .

* * * t1881.............. 902.377,340 042,004,028 E x p . 259,712,718 1,545,041,9741882.............. 750,542,257 724,0*9,574 E x p . 25,902,083 1,475,181,8311883.............. 323.839,402 723,180,914 E x p . 100,058,488 1,547,020,3161884.............. 740,513,009 007,697,093 E x p . 72.815,910 1,408,211,3021885.............. 742,189,755 577,527,329 E x p . 164,002.420 1,319,717,084

Total 5 y ear* 3,959,402,809 3,335,710,138 E x p . 023,752,231 7,295,172,507Average...... 791,892.474 067,142,028 E x p . 124,750,440 1,459,034,502

1886_____ .. 079,524,830 035,430,130 E x p . 44,088,094 1,314,960,9001887.............. 716,183,211 092,319,708 E x p . 23,803,443 1,408,602,9791888:............ 095,951,507 723.957,114 Im p . 28.002,007 1,419,911,021889.............. 742,401,375 745,131,052 I m p . 2,730,277 1,4*7.533,C27

1890.............. 857,828,084 789,310,409 E x p . 08,518,275 1,047,139,093Total 5 years 3,091.892.007 3,586,155,079 E x p . 105,737,528 7,278,017,080Average...... 738,378,521 717,231,010 E x p . 21,147,505 1,455,009,537

1891.............. 894,480,810 844.910,196 E x p . 89,504,014 1,729.397,0001892............ 1,030,278,148 827,402,402 E x p . 202,875,086 1,857,080,0101893.............. 847,423,147 941,076,128 Im p . 93,652.981 1,788.499,275

The foregoing contains a column giving the aggre­gate foreign trade of the country for each year— that is, the aggregate of imports and exports combined— and it will be noted that the total trade for 1892 3 was not as large as for 1891-2, the increase in imports hav­ing been less than the decrease in exports. With that exception, however, the total for the twelve months at 1,788£ million dollars stands unequaled. The com­parison of course refers entirely to the value of ex­ports and imports ; prices were very low, and in the quantity of exports and imports the late year may have been the very largest in the country’s history. The imports are heavier than ever before even in value, reaching $941,076,128, there having been an almost continuous increase since 1885. We presume the total for the late year is overstated, as some of the imports from Brazil and other South American countries, as noted by us a few weeks ago, have been reported in the depreciated currency of the country whence the imports came instead of in gold ; but even if we assume an addition of 25 to 40 million dollars on that account, the imports with that amount deducted would still be very decidedly the largest ever made, and. the year would in the particulars already noted stand as unique as before.

With the merchandise balance so largely against the country (and the United States being in debt to the outside world in large annual amounts for interest, freight, &c.), and with foreign confidence in our cur­rency system deeply disturbed, it is not difficult to understand why gold exports in heavy amounts should have been necessary. The gross outflow of gold amounted to $108,680,844; never before have we sent out as much gold as this in any year, not even during the time of the Civil War, in one of which years (1863-4) we exported $100,661,634 gold. The gold imports for the twelve months were $21,174,381, which deducted from the exports leaves the net outflow 87^ million dollars; this has been once exceeded, namely in 1864, when the net' gold exports were $89,484,865. While the heavy excess of merchandise imports has been an important factor in the outflow of gold, it would be far from correct to assume that it was the only factor. Without attempting to measure the influence

and effects of the loss of confidence abroad in the stability of our monetary system, it is sufficient to refer here, in illustration, to a recent year where an excess of mer­chandise imports was attended by an inilow of gold. We have in mind the year 1887-8; in that year the im­ports of merchandise were $28,002,607 larger than the exports, but we imported, nevertheless, $25,558,083 net of gold. In the following we show both the gold and the silver exports and imports for each year since 1880. It will be observed that the net silver exports for the late year were close up to the largest for any re­cent year.

YearGold. Silver.

E xc e ss ExcessJ u n e 30 E x p o r ts . Im p o r ts . o f Im p o r ts or

E x p o r ts .E x p o r ts . Im p o r ts . of

Exports.

$ t i s * *1881.... 2,565,132 100,031.259 Im p . 97.466,127 16,841,715 10,544,238 6,297,4771882 .. 32,587,880 34,377,054 Im p . 1,789,174 10,829,599 8,095,336 8,734,2631883.... 11,600,888 17,734,149 I m p . 0.133,201 20,219,445 10,755,242 9,404,2031884.... 41,081,957 22,831,317 E x p . 18.250,040 26,051,428 14,594,945 11,450,4811885.... 8.477.892 20,091,090 Im p . 18,213,804 38.753,038 10,550,627 17,203,0001886.... 42,952,191 20.743,349 E x p . 22,208,842 29,511,21m 17,850,307 11,660,9121887.... 9,701,187 42.910,001 Im p . 33,209,414 26.290,504 17,260,191 9,036,3131888.... 18,376,234 43.934,317 Im p . 25.558,083 28,037,949 15,403,069 12,634.2801889.... 59,952,285 10,284,858 E x p . 49,687.427 30,089,248 18,678,215 18,011,0331890... 17,274.491 12,943,342 E x p . 4,331,149 34.873.929 21,032,984 13,840,9451891.... 86,302,054 1 *,232,507 E x p . 68,130,087 22,590,988 18,020,880 4,564,1081892.... £0,195,327 49,099,454 E x p . 495,873 32,810,55^ 19,955,080 12,855,473l893.... 108.680,844 21,174,381 E x p . 87,510,403 40,737.319 23,1 M3.252 17,544,007

There is one feature of the merchandise trade that deserves special mention. We have stated above that prices were very low. This applies with particular emphasis to the exports. With the total of merchan­dise exports 183 million dollars below the total of the year preceding, it would be natural to attribute the decrease mainly to a heavy contraction in the quantity shipped. As a matter of fact the fall in prices has been at least an equally prominent influence in the de­crease. We pointed out last week that in the bread- stuffs exports alone there had been a decrease of nearly 100 million dollars, of which over 68 million dollars occurred in the flour and wheat shipments; but on analysis it appeared that in quantity the shipments of flour and wheat came within 34 million bushels of the phenomenal amount sent out in the year preceding, the total reaching over 191 million bushels and being, with the exception of the year mentioned, the largest ever made—larger even than in 1880 and 1881, the years whose record stood unexcelled up to 1892. Unfortu­nately the price'received on the exports of 1893 was about 23 cents less a bushel for wheat and 41 cents less a barrel for flour than in 1892; that is, shippers realized an average of only about 80 cents per bushel of wheat against $1 03 in 1892, and only $4 54 per barrel of flour against $4 95.

A still more conspicuous illustration bearing on the same feature is furnished in the case of the petroleum shipments. In value these amounted to only $42,077,770 in 1893, against $44,805,992 in 1892, being, roughly, a decrease of 2 f million dollars. But looking at the quantities sent out in the two years, we find that actu­ally 88 million gallons more of petroleum was shipped in 1893 than in 1892. The price realized, however, on the shipments of 1893 was fully a cent a gallon less than that realized in 1892, being only 5 -24 cents, against 6'26 cents. In no preceding year were the ex­ports of petroleum from the United States so large as in the late year, over 803 million gallons having been exported in the twelve months. As showing how steadily and largely the export price of this staple has declined, we may say that while the 803 million gallons shipped in 1893 had a value of only 42 million dollars, in 1877, when but 306 million gallons were shipped,

July 22, 1893.] THE CHRONICLE 127the aggregate value was over 61f million dollars. In the following we give both the petroleum and the cotton shipments for a long series or years.

Cotton Experts, [ •Petroleum.Tear ending June 30. ! —— ------------------ -------- ----------------: --------------------B ales. | P o u n d s . \ G allons.

1878...................................................... 3,214,683 1,401,405,891 24l.078.74S1877........................ 3.120.472 1,445,368,130 306,002*841*78...................................................... 8,381.785 1.607,533,511 8S4,8r2,5131S79................................... 3,482,741 J,8v&372,833 375.002,9721889.......................................................... 3S11.153 1,822,061.114 419.197.6991381.......................................................... 4,549.743 2490,928,772 394,112,4021SS2.......................................................... 3.694.706 1,739.975.961 556,289.2281383 ......................................... 4,826,806 2,288.075.062 429,786,28*1384 ........................................ 3.884,233 1,862,572.530 508,362.96*1 * 5 ...................................................... 3 9 8 9 4 6 8 1391,659,472 568.106,5201888.......................................................... 4,282.723 2,068.087.444 574455,4501 * 7 .......................................................... 4,4994179 2,189,457,330 589.554,4411 8 * ................................................... I 4.896.017 2 ,264420,835 576,982,3931 * 9 .....................................................1 4,872,060 2.384,816,689 814.511,8051*90 .......................................................... 5.020.913 2,471.799.853 «81.345,«981391................... - ................................ 9 * 0 .7 7 9 2,007,S5S.7W 708,220.7771 * » * .......................................................... 5,991.411 2,985,219,811 714^08.4791 * 3 ...................................................... 4 .4 2 9 /0 7 8211.377,358 8 0 3 .251 /24

* Incit’ d,^ both erode and retlced, but not rerid a urn, the exports at the letter being rerr smxil.

In cotton we here see that there has been a heavy fall­ing off in the quantity shipped, the exports in 1893 having been only 4,429,837 bales against 5,891,411 bales in 1892 and 5,820,779 bales in 1891. Bat even in this case the falling off has been- intensified by a further decline in price, the average per pound of the exports in 1893 being only 8*57 cents against 8*80 cents in 1892, As regards provisions and dairy pro­ducts, there is a decrease from 1892 in the quantity of exports in most of the items, but aggregate values differ only about three million dollars for the two years, being $137,031,869 against $140,362,159. Below we show the values of the exports of the four leading staples— bresdstutfs, cotton, provisions and petroleum —rfor each year since 1875.r u e a t T ea r : P rtm blon# P ftrM tv tm T o ta l F*mt T®t*l allm m ng i

J u n s W . t im f* . \ CfM m t, : tt f$4 I k a r y I /*)n0Nti*AgaI*

K rp o rU .

* • I # % i........ .. I S L lB I ja a tfiff£80JM * S&88&Jtt# 440,«U ,f*H

1ST?.i s m , . . . . . . .■ ■ .w um m it m M i M *v m ........ ... ,. sa»- U KfcM jteO, 1 W M 1 M H 4 710.488441

i i i £ m m & i m m i m w SMilUfear* S8&,<i8bit1 8 8 1 ,.* ,, 147 Mt&,?4$\ 7t 5458.714 WOM77M4&1 * 8 2 . . . . . . . . IPK/HUMNNh I t t jM lM M 5A8,7*«. 71 8 8 8 . . . . . . . . ‘2 0 8 y 0 ! t i s y n f 4 i » 44 M l1 8 V ^88.889.408

UP?£t&4KHf S. 47*1 ©as*.#. 7al .OirtjBGA 7WMB./*GQ1 8 8 S .. . . . . . . NR J Q K £ m t l# J V M 3 61 8 8 8 .. . .* . . . 90l»!ttUM4 471,7$-?M*} «78.54$4301 8 8 7 . . . . . . . . s i i j s e ^ w ’710 .liW .tU1888.,* .*** . {l%7,W% M R m M F j i m 4 7M % ¥ M 88 M 8 4 >M t2 8 8 8 .... . . . JlS8,87flUB8l 104,121,4 U 7*3,401475m , .......... : i u - j m z m j m M *M » t . , . . . . . . I tK M *!jS 66 f \M 0 .17.171 W 4,480£10i « * . . . . . . . m% w I M * 11 u j m w 4 108987874®m m f I88.480.W 11 IW lM P lM h 48/r77*.iai

* WXmfitm t m 18*1 m b }* & e r a s #

8*§ t o f l i g h t o o e r m ttm $m4 rmfinm1, »

a*.rm k tu n m ..

\\ hite the aggregate of all merchandise exports in 1893 declined 183 million dollars from the total for 1892, 175 million dollars of the decrease, it will be observed, occurred in the four leading staples. By in­cluding the exports of cattle, sheep and hogs, which dropped from $35,824,281 to $26,541,801, the whole of the 183 millions decline would be accounted for.

U N IT E D S T A T E S IR O N P R O D UC'TION F I R S TH A L F O F 1893.

Manifestly in the present depressed condition of our industries it would be venturesome to draw conclusions as to the production aud consumption of iron for the full year from the figures for the first six months. But it is encouraging nevertheless to find that in these six months both the quantity of iron produced and the quantity onsum ed were very heavy, and larger than might have been thought possible under the circum­stances.} | Yew railroad construction has been down to a

minimum— the new track laid aggregating less even than in the first half of 1892—and the derangement of our currency and the state of our foreign trade were such as to hold in check new enterprises requiring large amounts of capital, in all lines of industry. On one or two occasions it appeared as if things in the iron trade were about to take a turn for the better, but no marked or permanent improvement resulted. Prices of course were unsatisfactory throughout.

The foregoing remarks regarding the consumption and production of iron are predicated on the state­ment and statistics furnished this week by the Ameri­can Iron & S ’.eel Association, with an early copy of which we have been favored through the courtesy of Mr, James M. Swank, the General Manager of the Association, who has for so many years compiled the statistics. Mr. Swank reports the production of pig iron for the six months as being over five million net tons of 2,000 lbs.— in exact figures 5,110,468 tons. This is 231,577 tons less than in the first six months of 1892 but 196,673 tons more than in the last six months of that year. There have been only three half-yearly periods altogether when the make of pig was larger than now reported, and one of these three periods was the last half of 1891 when production had fallen off so heavily in the first half of the year by reason of the Connellsville coke strike. Up to 1890 the output had never iu any half-year reached as much as 44 million net tons, and up to 1839 never as much as 4 million tons. The following shows the output in half- yearly periods since 1884.

r a o t i p c n o x o r n o i s o s i.s i u w -y k a b l t r e a i o o g .

H a lf____,Vd Tims,

...3*150 ,816 I8g9_lgt H a lf___NH Tom.

......4400,9952.1 H a lf ......... 7<1 H a lf . . . .

1886— Ini H a lf . . . . . . ...3,054.209 1890—1 st H a lf , . . . .....5,107,7752.1 H a lf.......... . . .3 .4 1 1 .11H 2d H a lf . . . . ......5,199,2531887-1.. H a lf ,........ 1691— U t H a l f . . .34 H a lf......... . . ;i.77i>iyti 2d H a lf........

1888— l»t H a l f ........

11/* m ozm nm 1809—tat H a lf . . . . . ...5,342,0452.1 H a lf......... 2d H a lf . . . . .

1 8 9 3 -1 s t H a lf....... ...... 5,110,408As compared with the very highest previous aggregate,

the falling off is less than 400,000 tons. Considering the conditions prevailing, this is obviously small. Of course if the large output had been accompanied by a wavy inert-.i-o in unsold stocks, favorable conclusions

would have to be materially modified. As it is, the increaseio stocks in makers’ hands not intended for their own nse and in the yards of the Storage Warrant Com­pany during the six months has been only 48,401 tons. In the corresponding six months of last year the increase was as much as 166,456 tons. Moreover, aggregate stocks now are less than a year ago, being reported 848,291 net tons June 30, 1893, against 868,957 tons June 30, 1892— a difference in favor of the present year of nearly a quarter of a million tons. Allowing for the changes in stocks, the amount of pig iron apparently gone into consumption compares as follows for the first half of the last six years.

C O S 9B M F T IO * OF DOMESTIC PIO IRON I S UNITED STATES.

M n i S i x M onths. N e t T o m o f 2,000 Lbt.185*3. j 1892. 1891, 1 8 9 0 / 1860. 1888.

hrcw lttcrtion ..... . . . . . . . . .ta rn -m m in s t o c k .. . . . . . . .

C o n su m p tio n . . . . . . .

r»4 10,4^8 5.342.045 48,401 166,466

S i£ o 6 7 !5 4 7 a .6 8 ®

3,772,280 5,107,775 1,HW ,8!» •200,981 112,410: 227.125

M 7 S .2 « i 4,965,85618,878.870

3,382,50363,124

3 £ 1 9 £ 7 9

•Decrease.Thus there has been only one corresponding half-

year when the quantity of iron consumed was larger than for the six months of 1893, namely the half-year of 1892, when the consumption was 5,175,589 tons against 5,062,067 tons the present year— the decrease being only 113,522 tons. In production the decrease from last year, as we have already seen, was 231,577

128 THE CHRONICLE. [VOL. MILtons. If we look to see how this latter decrease is dis- Sundays in May, 1893, as against five in May, 1892,) tributod in relation to the kiud of fuel used in the and some benefit was also derived by a few of the roadsmanufacture of the iron, we fiud that the decrease was pretty general and extended to all the various makes. Below we show the comparative production, divided on the basis of fuel used :

PRODUCTION ACCORDING TO FUEL USED.

First Six Months.1803. 1802. 1801. 1890. 1880. 1888.

Bltumin’s coal & coke. Mixed anthr. & coke \ Anthracite alone — - Charcoal......................

3,886,807057.862265,700

3,085.0371,043.503

313,505

2,466,280 j 3,566,153 1,016,900 1,227,195

290,09lj 314,427

2,875.604 \ 753,827 < 164,784 306,780

2,148.817817,646107,802278,238

Total....................... 6,110,468 5,342,045 3,772,28 16,107.775 4,100,005 3,382,503

Unsold stocks—June 30......................... 618,201 868.957 540,295 400.364 563.286 401,206December 31................ 500.800 702.501 741,281 317,915 336.161

N o t e .— In above stocks are Included amounts reported held by the American PIu Iron Storage Warrant Company in its yards, namely, 33,253 net tons June 30. 1893; 33,040 net tons Dec. 31. 1892; 42,457 net tons June 30, 1892; 34,608 net tons Dec. 31, 1891; 45,193 net ston June 30. 1891; 59.239 tons Dec. 31, 1890; 71,120 tons, June 30, 1890, and 40,544 tons Dec. 31, 1889.

It is surprising to note how marvelously well Penn­sylvania maintains its lead in total production, not­withstanding the increasing competition in the West and South. That State actually made more pig-iron in the six months of 1893 than in the first six months of 1892, and furnished nearly one-half the output of the country, having turned out almost 2\ million tons in both half-years— 2,493,077 tons in 1893 and 2,482,852 tons in 1892. While Pennsylvania increased its make of pig, the two leading Western States show each a heavy falling off— Illinois having a total of only 376,063 tons against 535,316 tons, and Ohio a total of 666,000 tons against 729,495 tons. The South has kept up its pro­duction pretty well, the aggregate of the Southern States for 1893 being nearly as large as for 1892. As considerable interest attaches to the statistics for these States, we give herewith their production in detail. It will be observed that some of the States— particu­larly Maryland— made more iron in the first half of 1893 that in the first half of 1892.

PRODUCTION OF PIG IRON IN SOUTHERN STATES.

Tons of 2 000 Pounds.

1893. 1892. 1801. 1890. 1889. 1888. 1887.501,702 536,627 376,389 463,451 364,346 169,696 141,921143,664 176,080 145,066 143,493 147,401 122,817 119,687170,413 183,776 141,908 167,052 112,328 92,495 81.77374,336 89,866 20,977 63,639 72,775 45,601 32.56041,755 30,567 18,779 25,546 23,865 21,207 24,91518,490 8,730 20,401 10,599 11,338 23,658 23,914

100,496 55,079 49,992 72,632 10,233 6,250 17,1276.539 7,171 8,465 5,817 1,411 2,968 1,9292,738 2,075 1,003 1,401 922 1,100 1,400

1,060,463 1,091,871 782,980 953,630 744,619 485,853 445,226

One other feature in the production of pig iron in this country deserves to be noted, and that is the increasing amount of Bessemer iron included in the total. Mr.Swank reports that the production of Bessemer pig in the first half of 1893 was the largest for any half-year in our history, amounting to 2,659,876 net tons. This is over half the whole amount of iron of all kinds pro­duced in the six months, and indicates that the demand for iron for conversion into steel is steadily growing.

RAILROAD NET EARNINGS FOR MAY.As had been foreshadowed by the returns of the

separate roads, published by us a3 received from week to week, the statement of gross and net earnings for May is a very favorable one, the comparison with 1892 showing a heavy increase in both gross and net. May last year was the month' when traffic and earnings were reduced by floods and generally bad weather over most of the country. Besides this the month the present year had one more working day (there being only four

from the extra passenger traffic connected with the World’s Fair at Chicago. On the other hand, the cotton movement in the South was smaller than a year ago, and in the West there was a heavy contraction in the movement of hogs, while in Ohio some of the roads suffered from a strike of the coal miners part of the month.

In the gross earnings the increase reaches $4,703,765, or 7,80 per cent; in the net earnings, $2,580,143, or 15‘45 per cent. What a decided change this is from the exhibits for the months preceding is evident from the fact that even with the favorable result for May, the statement for the five months shows only 3 T4 per cent increase in gross earnings and an actual decrease in net. The following is a summary for the month and the five months.

Miay.(131 roads.)

January 1 to May 31. (124 roads.)

1893. 1892. Inc. or Dec 1893. 1892. Inc orDiC.

Gross earn’s Oper. exp...

Net earn’s

$65,018,71745,740,590

$60,314,95243,616,968

*+4,703,76=1+2,123,622

*289,713,109207,355,989

$280,893,621198,210,192

t+8,819,488+9,145,797

19,278,127 16,697,9s4 +2,580,143 82,357,120l 82,683,429 -326,309

We have referred above to the bad weather and gen­erally poor results for May last year, with which com­parison is now being made. Below we furnish the totals for the last six years. It will be observed that there was a loss in net both last year and the year before in May; and for the five months, though there was a gain, it was very moderate in both years.

Fear and number of roads.

Or083 Earnings. Net Earnings.

TearGiven.

TearPrecedin'i-

Increase or Decrease.

TearGiven.

TearPreced'g.

Increase or Decrease.

May. $ * * 1 * $1888 ( 82) 40,177,914 37,779,908 -+2,397,946 12,104,018 13,211,130 -1.107,1121889 ( 97) 44,750,133 42,840,156 +1,909,977 14,735.427 12,881,420 +1,851,0071890 (12i) 54,139,680 47,478,854 +0,650,820 17,252,740 14,897,501 +2,355,2391891 (131) 53,440,399 55,343,271 —1,902,872 16,783,894 17,390,666 —606,7821892 (131) 60,506,591 58,377,793 +2,123,793 17,289,009 18,122,794 —833,7851893 (131) 65,018,717 00,314,952 +4,703,765 19,278,127 16,097,931 +2,530,143Jan.1 toMay 31.

1888 ( 76) 182,123,833 176,537,753 -+5,586,08) 51,583,503 59,105,980 -7.516,4771889 ( 95) 204,753,796 193,383,312 +11,370,484 62,160,294 53,625,573 +S,534,7211890 (124) 261,053.329 234,408,000 +26,645,329 77,783,100 69,246,951 +8.536,1491891 (129) 254,901,061 250,979,815 +3,921,166 75,210.835 72,932,519 +2.278,3301892 (131) 299,580,029 279,684,537 +19,99 >,462 85,042,483 81,671,258 +3,371,2251893 (124) 289,813,109 28\8J3,621 +8,819,483 82,357,120 82,683,129 -326,309

We need hardly say that quite a number of roads re­port very heavy gains ; indeed, the list of such gains is extensive in the case of both, gross and net. To enumerate here only some of the principal of these gains, we may say that the Pennsylvania has an increase for the month of not far from a million dollars— $938,538— $535,551 of this having been contributed by the lines east of Pittsburg and Erie and $402,987 by the lines west of Pittsburg. The increase is in the main the result of a large improvement in gross earnings, but follows in part also from a reduction in expenses. Of course no other system ha3 such an ex­ceptional amount of gain, but the Burlington & Quincy has an increase of as much a3 $335,521, the Illinois Central an increase of $303,059, the Southern Pacific an increase of $187,261, the St. Paul au increase of $165,617, the Atchison Topeka & Santa Fe an in ­crease of $144,555, the Baltimore & Ohio an increase of $151,293, and many others have increases below $100,000 in amount. The gains come from widely separated parts of the country it will be noticed.

There are also some large losses, but only a very few in number. In the gross the Erie, with a decrease of $115,951, and the Canadian Pacific, with a decrease of 97,082, are the only oaes o f anv consequence. In the

Jclt 22. 1893.J THE CHRONICLE. 129net, t ie list is somewhat more extensive, comprising the Reading, with a decrease ol $211,760 (the most of this being on the Coal & Iron Company), the Cana­dian Pacific with a decrease of $91,399, the Union Pacific with a decrease of $82,082, the Louisville & Nashville with a decrease of $18,952, the Erie with a decrease of #52,308, and the Peoria & Eastern with a decrease of $35,977. The following is a fa ll list of all gains for the month above $30,000 both in gross and net.

PRINCIPAL CHANGES IV G R O S S EAKNiNOS FO R H V V ,

I n c r e a s e * .PennsyivaBia I .................Chle. Burl. A Q -ilo cy ... Atflb. Top. A 8. Fe (2

roa 'Ss)....... ......................8o . Pacific (6 roatis)-----Chic. Mil. A 6c- I*...........Illin ois C entral...............P . * K, »D<! C. * I. C o..M o p .e i f i - ......................N orfolk A W e ste rn -----W abM h..............................Cte>. * O h io .................Cent, o f New J e rs e y .. .B ait. A: O h io....................Cl. Ctn. Ch. A St. 1.........G rand Trunk (3 ro*rt»s. ln-av. A B io firau 'le . . . If Ian. St, p. A S s. MChin. Burl. & N o r ........Chtfl. * Kant I l ls . . ..........N or. C entral.....................

6760.003 i 487,687 j417.073355,352 2 «S .«7 5 231,15 l 212 .660 174.380 150.565 155.534 I t -<.635 117,183

97.255 87,401 83.395 72,22271.73371,24961.13859,304

I n c r e a s e * .C olon F a cIH e lS rd a i... $34,336Lmnnv A N a sb f............. 53.935Lake E rie A W e - t ......... 4s#,«l7M o t i o n N a tio n a l.......... 43.48 1M exican C e n tra l............ 41.911Louisv V. A. A C h ....... 40,075Flint & P. Marti ........... 40.015W e t . V. V . i 1 2 ......... . 3 9 .6 ! 6Buff B ooh A P itt - ........ 89,359O regon Irap't C o ......... 38.368Burl, a K A N or........... 33,198Iow a C entra l................... 31 ,639

T otal fret»e<eutlu«49 road*)................. $4,617,397

O e e r e a a e * .N. Y. L. E. A Wwiern. $115,951Caitailiaa P aelile ............ 97.082

Total (representing2 rwatl-o............... $ 2 1 3 ,0 3 3

t The «rro « on E w tern lines Increased $182,042 and » :i W estern lines Increased $377,961.

PRINCIPAL CHANGES IS S E T EARNINGS IS 31 A Y .I n e r e a a e * .

P e n n s y l v a n i a ' .....................C h lC . B u r l . A Q u i n c y . . .Illin ois C entral____. . . .Southern PaclHo <6 rds.)C h ic . M U w A S t . P a u l . ,B altim ore A Ohio ........A t o h . T . A S . K e f U r - l v , .N orthern C entral...........W abash -........... ................N orfolk A W cetern . . . . C h ic . A Ka»t Illinois. ., f .V v . C t n , c h i c A 8 1 .1 * .C h ic , a rl. At S o .............C h e y . A Ohio.............B eav er A B io G ra n d e .. Iow a C entral...................

$<138,538333.521303.0591*7. .'fit 163 <117 151.393 141.555

97,503 96.097 71.703 63.313 39,37(1 4$," 37 44.356 41.623 36.319

l i i f r r s s r * ,G r a n d T r a n k ( 3 r d a } . , . $ 3 7 ,1 7 5B u ff. I t o c h . A P i t t * . . . 3 3 ,2 7 6M e n t o n N a t io n a l . . . . . 3 0 .1 u 3

T ota l (re presen tin e 27roa its l.

IJeercatM -i*.P h lla . A ft. A C . A I. C o . ,

s CansiHun P,tel On. — . . .Union Pacific Mrd

| LO U H ie A N a s h v l l l t t ,| V . Y t . E . A w ..................i Peoria A E a s t e r n . . . . . . .

. $2.835.126

*211 ,760 W 1.399 *2.< 8* *8,952 52.30** 35,977

T otal (repreeestln e 15r o a d s , ................................ $ 5 2 2 ,4 7 8

fT h e net Increased $535,551 on Eastern lines and $102 ,947 o s W estern lines.

When the roads are grouped in our u^ual manner, it is found that there if but one group tb it records diminished net and none that records diminished gross. The group with diminished net is that composed of the anthracite coal roads, and there the loss follows almost entirely from the heavy decrease by the Rind­ing ; the Ontario & Western is the only other road in that group which has sustained a loss in net.

The trunk line group shows a g»in of $!,"ilS,'*U, or 22-94 per cent, and the bulk of this has of course been gontribated by the Pennsylvania, though the Balti­more & Ohio and the Ohio & Mississippi also have large gains. Losses are supplied by the Erie, the Peoria & Eastern and two of the roads in the Grand Truuk of Canada system. In the Middle Western group the gain is #403,968, or 50-89 per cent, and fol­lows chiefly from the exceptionally largo increase on the Illinois Central, besides which the Chicago & East­ern Illinois also h « a heavy imrease; only 7 of the 22 roads in that section report losses, mostly for small amounts. The group of Middle State# roads records 29-03 per cent increase, and only 4 of the 14 roads have losses.

The Northwestern group shows 40’38 per cent im­provement in the net for the month, and in that group the Burlington Cedar Ripids & Northern is the only one among those reporting which fails to share in. the increase. In the Southwest the result is less strik­ingly favorable, the gain being only $153,237, or 7-15 per cent and coming entiifely from the Atchison, the Denver & Rio Grande and two minor roads, the rest of the road3 having fallen behind in their net. In the Pacific group the changes in the aggregate are trifling,

tbe losses by the Canadian Pacific and Union Pacific being offset by the increase on the Southern Pacific and • the several minor roads from which we have returns.

In the Southern group the results are more irregular than in any other; and though there is a slight increase in the aggregate, 19 of the 32 roads report a falling off in net. Very good returns are made by the Norfolk & Western, the Chesapeake & Ohio and the Chesa­peake Ohio & Southwestern.

Section- ok Gross Earnings. Net Ea-rnings.Gku cp . 1893. 1892. 1893. 1892. Inc. or Dec.

May. * $ * 3 P. C.Trank lines.Alij 19,775,683 IBM2.1CB 6.529,070 5,310,559 +1,218,511 22*94Anthra.coal< 7) 7.554,284 7,191,090 1,297,410 1,457,566 -160,156 10*98Bast. A Mii3.aO 2413.913 1,905.659 740,545 573,893 +168,052 29*03Mid. West n.i22» 3,930.8 L 3,400,259 1,203,639 797,071 +405,90:' 50*89North wtsst’nClld 7,821,0*3 6,285.410 2.235,536 1,590,272 +045,204 40*58South we#t’n.f 10* 7,681.153 7.02S.407 2,3*25,806 2,170,569 +155,237 715Pacific Coast 119) 9.857,089 9,5 )9,937 3,077,213 3,0)9,038 +28,177 *928oathein....i8-3j 5.695,203 5,300,947 1,459,894 1,398,517 +01,377 4*40M axicgn..... fii 1,086.477 1,001.0=5 409,012 349,899 +59,113 10*83

Tot.. (131) r*cls 65,018,717 60,314,952 IS,278,127 10,rt«7.0SA +2,680,113 15*45Jan. 1 to M ty Si.Trunk JiiteMpMi 0fl.r«u.535 96,047.010 25,288,731 20,603,118 -1,371,382 5*15Aathra. oml<8> 17.8d4.5fi4 17,250,8 i 5 5,833.404 6,582.520 -749,1(0 11*38BmL 4 Mtd.414? 9,473,37 0 8,SS7.X?n 2,892,0* 2,581,015 +131,594 5*14Mid. w m e m m 18,549,267 17.4l8.0;o 5,284,348 4.7,85,890 +498.458 10*42Northwest.*ii (10* 32,469.576 31,230.070 10.064,185 10,221,259 -100,071 1*578o ath wuoi'nf 11} 37,388,016 34805,75*1 9,810.898 9,2 >9,916 +5^0,982 6*01Pacific Coast (1^ 46,252,673 4-4,978.46 ■ 13,193,017 13,858.822 —865,7*5 204Sou th em .... <28- 27,0© 1,873 25,427,788 8,032.117 7,339.322 +792.795 1095Mexican. ....{2 5,264,205 4.841,851 1.851.761 1.508.542 4343.219 22-75

Tot. .(124 r’4»i 289.713,100 280.803.621 £2. S7.I20 8E.681,42V -H20.3O9 0*39N o m — r v c L c u K i ) c n p e r t h is h e a d o r —

T r u n k L in ts .8. St O ., K a#t o f O ftlo. a. w «,* io f ofajo, C i#» . C m . C h ic . * tit. L .

rift. & Bmism I Mr. CfrttQd Trun* o f Consul ft.

Chic. * iM . Trunk. C m ir M O r , B %*. & M il ft. V, l*Jc» Km-A (Mt'ii O h io JkP m n m r tr , Wmm, o f f t Jb B.

We»t at P %m, A Grand VLrnu.m in A. #*#, Pi j*#©.. Yuan*#. A Ash.

Wii&ftfth-

A n ih ra c u * Coal. C « n t f* i o f N ew S . V . U n t * n « * W «k*u H. ? . 8 a * . St w # « t .Phu*. M ii-ftdinjf,

00*1 4 Im a Cow*•Iota cult Hr men.

E uler m and MMdU, Afisrt»«sa-Jk,Aum'imif Vftilftjr.&f*N»kl y s f i le r fiuff. iWch. A Fitlft, O a ® d « » a A U * f iu e P-bataoqu* Lmkm.Bam. ran. & W it* . Northern Oftntrsii.MstUm tiu usd h . T .

Cl',.*# St C , MU Cifttor it Bmuwmm*W e ste rn m ,Wmmrn H. f, 4 Penn.rli*c. a m*% l ie Chic. 4 Wftftt Mich.CSdu Smelt. St M uck .CSa. Port#, M Viririntft. Oftftftiuntl Akron x <‘wl. iHU Mfty City M Atpw*. Owl. lifto*, dt S n r .Klftl-a Jciftwt 4 Ka*tern, P ilo t 4 P « r » J lo r q .

M UUif vr** t.~{C m tc 'd) 1U lim n* C en tra l.In<t)«i3#fci>. D oc. 4 W .Iron lU ilw a y .Cftko Krii* 4 W p sI.

k . A liim w a 4 * o . U m tftv. H. A . 4 C h ic. M ftn liilq a o ,P if l* . M. 4 Ch,* m . l*Ui, 4 ttrtf.

v a l lo y A S t. L o u is .St. I#m l# A lu m & d*. 11. PoIftOo 4 O h io C entra l,Ton P e o n * 4 W .

Snrtnassttm.B a ri. c # d » r IU d . 4 N or. Ctite. B u rl. 4 N orth .‘ h ie. B u rl, a g a in e r .

C on i. MU. A ,8 c P *u l. lour* C en tra l U t i w u t e # 4 N o rth e rn .Ml m i. 4 St. L ou t*.M inn. St. PftuJ 4 S. 8 . M. Quincy Omaha x K. C.- t . Paul 4 l ia 'u th .S lo u * C ity 4 N o.* ik»u tm m * urn .A te h . T o p , .% S an ta Fe.

St, IjOai* 4 S«*a r r a n . C u rre n t R .r e r . i»# n »e r 4 R»o O r,K an , CH y C lin . 4 S pring Ka«,c. ¥ . H. 4 Mem.M-i. Pm , 4 I r o n M i.8 Iv w u m ,.lib s »* rftOde S on th orn .S an A n t. A A,. Pas#.*- ■Tex. tUo. V’»U N,W.P rn -m C »m i,C anadian P a cific .Ormems I m e n ie e m e a t Co. H h* O ra n d o W e# e r « .Saw, Fran . 4 N orth* P a c . S*». P se n ie .—

Oft), l ia r . 4 8 , A . W tfttern .

M oraarC* I %. 4 T .N. i . T e x . 4 M e i.T e x a* 4 S e w O rlcan *.

Pacific C oast.—( ConcVd.) Put ih c n y sro o ,.

U t l l O i . P a c l t t c —O re. s h . L. 4 U tah N o r . Oregon Ry. 4 Nav Co. U n ion P a e . D en . & G u lf . S t. Josept! A G ra n u lei. A il o th e r lin es U . P. sys. C en tra l B ranch U. P . M on ta n a U n ion .L e a v . T . & S. W .

A l. 4 B,

! Southern Roads.B ir. 4 A t la n t ic C a ro lin a M idland.C har. C m . 4 C h ic. P a e ra w 4 D a rlin g ton . C h e sa p e a k e & O h io . O ne*. O h io 4 S o u th w e s t . C ln . N. O. 4 T e x . Pae.

( A la b a m a G ’t S o u th e rn . N e w Or. 4 N. F.*

A la . 4 V ick ibu r^ -* V ic x b . Sh. 4 P c *

G id # d ea & A t i . U n," G e o rg ia itaU road.G a . S o u th ern 4 FIs.K a n . C ity M em . 4 B ir. L o u is v ille 4 N ashville . L ou is . S i. L ou ts 4 Pex. M a co n 4 B irm in gh am . M o b i le 4 B irm in gh am .* N ash . C hat. 4 St. L ou is . New Orleans 4 80. N o r fo lk 4 8 u ih e rn . N -r fo l* 4 W estern .

O h io H ire r ,Per era 00 rg.

rtlcii. F red . 4 P ot.Itien, 4 P etersb u rg . S a n d ersv tlie 4 T e n n ll la . aav. A m . 4 viont.*•^outh B ou n d .S ou th < a r illna.W e s t V * . C. 4 P .

M e x i c a n H o a d s .

M e x ica n C en tra l. M ex ica n N a tio n a l.* F o r m o n th o n ly ,

t F o r th e five m o n th s o n ly .

Sto?k Exckanob Clearing-House Transactions. — The sul»j lined statement incluTo* the transactions of the Stock Kxctun«e Clearing-House from July 10 down to and includ­ing Friday, July 21; also tbe aggregates for June in 1803 and 1892.

STOCK SX C tlA X O R CLRAH rSO HOUSE TRANSACTIONS..— 44aresf both -------- Balances, one s id e .— ■—% SheetsCleared, Total Value, Shares, Value Shares. Cash. Clear'd. KonfA— 9 if $

I ' i n e . h G . Ifi.dALOOO 1 . 0 * 1 , l .t ,n .7 S 0 0i.5dd,7OO l .* 3 3 .9 7 l 6.836 Jum \ l r n i . 17.1M ,7ua i.0l6,ftdO,<KM I.d8d,‘i00 iH>,200,000 1,789,800 6,395

,— Shares, both sides,—. ,— — Balance*, one side.------- * SheetsCleared. Total Value. Shares. Value Shares. Cash.Clear’d.

July in.. 518,200 20,400.000 61,300 3,100.000 36.800 256•• it .. 815.000 33.101,000 66.300 3,100.000 6*2,600 27214 V i . . 1.023,100 02,800.000 97.700 5.400.000 210.500 315” 13.. 1,104,800 66,300,000 95,000 •1.700.000 123,100 315" u . 825.+00 51,500,000 67,000 3,700,000 76,200 294

•Wt-wk 4.088,300 243.200.000 384.200 20,200.000 500,200 1.451Wkla»tyr^, 198,700 162,388.200 261,100 13,743,100 218.500 1,259July 17. .1.053,400 02.400.000 85.300 4,200.000 84,400 303

“ 18... OfH.HOi) 41,800,000 61,200 5,300.000 92,600 292*• in. , 1.229,800 70,100,000 lo*i,Soo 5,300,000 258,800 318M 20. . 1 , 3 " , iO 08.000.000 108,000 5,000,000 121.100 320“ -it. . 831,700 47,200,000 7*2,200 3,500,000 83.100 308

Tot wk.. 5.137.100 200,100,000 433,700 21,300.000 641,000 1,541W kla«tyrl,839,100 141,900,009 207,600 14,900,000 170,300 1,127

13G THE CHRONICLE. [VOL. L\II

The stocks cleared now are American Cotton Oil common, American Sugar common, Atchison, Chicago Burlington & Quincy, Chicago Gas, Chicago Milwaukee & St. Paul com­mon, Chicago Rock Island & Pacific, Delaware Lackawanna & Western, Distilling & Cattle Feeding, General Electric. Louisville & Nashville, Manhattan, Missouri Pacific, Na­tional Cordage common, New York & New England, New York Lake Erie & Western. Northern Pacific preferred, National Lead common Philadelphia & Reading, Union Pacific and Western Union.

Milwaukee State Banks.—The Register of Deeds of Mil­waukee has received statements of the condition of State banks in Milwaukee at the close of business on July 1, 1893. From them and from the latest statement of the con­dition of national banks—that of May 4—we have prepared the following, which gives the results for all the banks in Milwaukee. State banks include savings institutions.

M I L W A U K E E .Narnber............................ ............. ................

R esources—Loans and discounts, including overdrafts8tocks, bonds. See...........................................Due from reserve agents..............................Due from banks and bonkers......................Banking house, furniture and fixtures__Other real estate........... .......... ................Gold coin and certificates.............................Silver coin and certificates..........................Legal tender notes and certifl. o f deposit..Bills of other banks.......................................Exchanges for Clearing-House...................Current expenses and taxes p a id ..........Premiums on United States bonds...........Other resources.............................................

Total..................................... ....................L ia b ilities—

Capital stock paid in......................... ..........8orplus and undivided profits.....................Circulation outstanding...............................Individual deposits.......................................Other deposits ..............................................Due to banks and bankers...........................Other liabilities.............................................

Julv 3. 1893.

Total.5 7 12

$5,8?6,459 $1*,785,860 $25,622,3251.417.063 1,501,771 2,918.8341.414,017 )

363,158 J 2,460,853 4,268.92898,470 112.702 211.17219,433 80.291 99,724

1.167,015 > 167,124 ( 642,483 1,977,522263,085 l

34,751 f 2,224,115 2,522,851352,002 613,342 965,34450,942 50,94247,000 461.120 508,120

114,263,219 $24,882,513 $39,145,762$2,150,000

901,038405,000

8,097,750324,922

2,351,219233,290

$1,600,0001,307,617

13,932,3396,749.136

33.6181,259,773

$3,750,000 2,208,6 i5

405,000 22,030,119 7,074,058 2.184,867 1,493,063

Total. $14,263,219 $24,882,543 $39,145,762

IMPORTS AND EXPORTS OF GOLD AND SIL VER AT SAN FRANCISCO.

The Collector of Customs at San Francisco has furnished us this week the details of imports and exports of gold and silver through that port for the month of June, and we give them below, in conjunction with the figures for preceding months, thus completing the figures for the fiscal year 1892-93. The imports of gold during June reached an aggregate of $42,760, of which $22,810 was in coin, while of silver there came in $169,505, mainly bullion. There has been received during the year a total of $5,508,193 gold and $2,661,829 silver, which compares with $9,736,872 gold and $3,053,225 silver in 1891-92. The shipments of gold during June were lighter than in May, reaching $58,207, mostly coin, and the exports of silver have beeri $730,521 coin and $194,500 bullion. For the year the exports of gold have been $1,110,013. against $803,791 in 1891-92, and $13,870,228 silver has been sent out, against $9,458,354 in 1891-92. The exhibit for June and the twelve months is as follows:

IMPORTS OF GOLD AND SILVER AX SAN FRANCISCO.

MONTHS.GOLD. SILVER.

Coin. Bullion Total. Coin. 1 B ullion. Total.1892-93.

J u l y ..........A u g u st .. . Septem ber O c to b e r . . . N ovem ber. D ecem ber. Jan u ary ... F ebruary ..M a r c h ___A p r i l ........M a y ...........J u n e ...........

$36,076

2.253 982,315

1.467,309 1,561,487

969,029 6,115

813 2,512

876 980

22,810

925,12333.04849,v*2742,44142,822

143.70730,470

8,61020.15412,50826,25819,950

$61,79935,301

1,032,2421,509,7501,604.3091,112,736

36,5859,423

22,66613,38427,23812,760

2 5 ,4 18 1 163,855 46,783! 179,923 59,126| 229,403

16l.882| 160,154 74,5111 262,116 18.1541 163,169 16,7911 207,134 19,4991 1 4 * .m 27.4161 181.606 12,354 176,413

4,208, 152,233 14,721! 154,784

$189.273226,708288,529322,036336.627183,313223,928167,610209,022188,837156,441169,305

T o t .l2 m o s 5,053,173 455,018 5,508,193 480,866)2,180,963 2,661,829EXPORTS OF GOLD AND SILVER PROM SAN FRANCISCO.

MONTHS.GOLD. SILVER.

Coin. B ull'n Total. Coin. B ullion. Total.1892-93.

i f , 506 88,862

139,879 147,245

65,881 171,980 148,935

69,135 44,339 19,710

137,581 58,180

9

670902140280281

i*901,310

*27

14,50689,532

140,781147,385

06,161172,261

-149,93569,13544,52921,020

137,56158,207

$623,717820,324

1,270,5032,061,6471,135.8601,186.3891,291,652

669,139424,302271,216338,308730,521

$265,900 379,600 590,150 3 2 9 ,6 .0 248,800 4 1 8 ,.6 0 157,500

$889,617

1,199,924 1,860.653 2,391.287 1,384,660 1,604,^49 1,439,152

669,139 424,302 563,416 5 LS.208 925,021

A ajhist___Septem ber O o to b e r . . . N ovem ber. D ecem ber. J a n u a ry . . F ebru ary .. M a r c h . . . . A p r i l .......... 292,200

179,900 194,500

T ot.1 2 mos 1.106,213 3.800 1,110,013 10813578 3,056.650 13,870,228

IMPORTS AND EXPORTS FOR JUNE.The Bureau of Statistics has issued its detailed statement of

the foreign commerce of the country for the month of June, 1893 and 1892, and for the six and twelve months ending May 31, 1893 and 1892, as follows :

MERCHANDISE.

F or the 1 m onth o f

June.

For the 6 months ended

June 30.

F or the 12 months ended

June 30.

1893.—E xp orts—D om estic___F oreign .........

T o ta l.............................Im ports .............................

$63,437,1601,979,207

$378 ,5*6 ,4939,568,947

$388,155,440496,605,701

$830,790,73016,632,417

$65,416,36775.832,084

$347 ,423 ,147941,076,128

Excess o f exports over im ports E xcess o f im ports ov e r exports

1892.—E xp orts—D om estic— F oreign .........

$10 ,415,717

$63,165,3591,722,978

$108,450,201

$471,033,07* 8 ,119,875

$93,652,981

1015.732,01114,546,137

$64,888,33772,016,568

$479,152,953431.727,541

1030,278,148827,402,462Im ports .............................

E xcess o f exp orts ov e r im ports E xcess o f im ports over exports

$47,425,41* $202,875,686$7,128,231

GOLD AND SILVER—COIN AND BULLION.1893.—E xp orts—G old—D orn ..

F oreign .........$2,710,226

1,000$67,748,314

5,969,624$102 ,063 ,234

6,617,610$2,711,226$3,043,065

973,329

$73,717,938$13 ,019,124

6,532,647

$108 ,680 ,844$23 ,565,944

17,171,375Silver—D om estic—

F oreign .........$4,016,394$6,727,620$1,009,682

1,586,110

$19,551,771$93,269,709$11,759,043

9,572,571

$40,737,319$149,418,163

$21,174,38123,193,252

T otal ex p o r ts .........

S ilver.............$2,595,792$4,131,828

$21,331,614$71,938,095

$36,088,3165,480,834

$44 ,367,633$105,050,530

$43 ,321,351 6,873,976

E xcess o f exp orts over im ports E xcess o f im ports over exports

1892. -E xp orts—Gold—D om ..F oreign .........

T o ta l.............. .............S ilver—D om estic___

F oreign .........T o ta l.............................

$16 ,807,820321,683

$17,129,503$1,431,084

1,991.481

$41,569,150$9,818,706

4 ,971,580

$50 ,195,327$16 ,765,067

16,045,492$3,422,565

$20,552,068$494,0262,157.400

$14,7d0,286$56 ,359,436

$8,035,6088,105.571

$32,810,559$83 ,005 ,886$49,6^9,454

19,955,086

T ota l e x p o r ts .........

S ilver.............$2,651,426

$17,900,642$16,141,179$40 ,218,257

.................. - .................

$69 ,654,540$13 ,351,346E xcess o f exp orts over im ports

E xcess o f im ports over exportsTOTAL MERCHANDISE AND COIN AND BULLION

1893.—E xports—D om estic-----F oreign .........

$69,190,4512,953,536

$72,143,98778,427,876

$459,353,931 $956,419,908 22,071,218 40,421,402

$4*1.425.1 49 $996.841.31 OIm p orts ............................. 517,937,315 985^443,761

E xcess o f exp orts over im ports E xcess o f im ports over exports

1892.—E xports—D om estic___F oreign .........

$11 ,397,549

1075,818,42937,465,605

$6,283,889

$81,404,2634,036,142

$36,512,166

$516,940,10018,572,289

$85,440,40574,667,994

$10,772,411

$535,512,389 447,86*,720 $87,643,669

1113,284,034 897,057,002

$216, *27,032Excess o f exp orts ov e r im ports E xcess o f im ports ov er exports

IMPORTS AND EXPORTS BV PRINCIPAL CUSTOMS DISTRICTS.

Customs d is ­tricts an d

Ports.June, 1893.

Im ports.k Ex p o r t s .12 months ending

June 3u.12 months ending

June 30.Imports.' Exports. 1893. 1892. 1893. 1892.

Baltimore,Md. Bost. & Char­

leston,Maas Brunswick, Ga Buf’o Ck.N.Yb Chmprn, N .l b Charlest’n.S.CChicago, 111----Cincinnati, Ou Corp. Chriatib. Oetr’ t, Mich.b Oul’th.Minn.t) Galveat’n.Tex Huron, Mich.b Yltlw’kee.Wia. *Unn’a’a,Minn Mobile, A la... Yew Orl’na.La Newp’t News Yew Vork.N.Y Siagara.N.Y.ft Morf’k,Va.,&c. Jregon, Oreg..

Osweg'ie.N .\b Jawego, N.Y.. Pensacola, Fla Philadel’a, Pa. Portld.&c.Me. Puget S’u.Wa. Klctim’nd, Va. Sh. Louis,Moa. San Fran., Cal. 3 Lvnonah, Gh. Vermont, Vt.b Ylllamette,Oi VIlrai’gn.N.C.

Totals, (in­cluding all oth’r 'Mats.)

$1,423,2996,209,384

290,2546l8,t06 66,300

1,500,723 158,9 8 260.191 284,302 140,245 116,977 459.164 79.252 80,31b 34.C65

2,199,73248,711.145

223,159 762

2,308 238,813 26*,792

4,563 5,917,334

53.591 7t>,l28

1.8 >9 88-\4Vl

8,3<>3,191 3Vi,2 3

4n3.638 38,3V* 18,807

t4,924,6746.901.579

245.429486,303535.501208,237979,141225.202577.271413.085461.622496,51889.8'5

107,621 3,643.5n?

4v*9,l»54 31,773.627

506,251 501.434

1.450 532,735 395,168 213,7*9

3,076.459 26,181

188,096

1,518,816 929.103 871,569 227,026 65,863

*15,892,76979,357,654

9,041 4,569,-29 4.501,166

6 1,427 18,448.404 2.322,790 3,065,129 3,397,289

559,986 863,452

3,269,389 1,047,763 1,287,011

515,064 27,369,847

30,537 017,721,97 8

2,940,870 40.153

129,382 1,846,270 1,964,118

65,420 66,122,147

551.830 839.709 82.460

3.305.351 45,291,090

337.867 5,395,523 1,106.431

74,551

I13,418,52371,780.4-9

13.742 4.834,612 3,765.244

806,6*1 14,975,057 2,040,951 3,019,802 2.776.369

497,303 1.317.00 * 2.300,707

710,9 9 973,181 lt5.77-

18.909,563 190.114

536,538,ilc 2,853,6 <2

44,435 129,-50

1,839,496 2,475,386

64,178 60,006,791

844,9*9 572,-87 40,066

2.729.421 47,135,684

301,904 4,0*8,621 1,351,177

181,977

*71,506,99585.461,422

5.097.942 1,641.477 3.075.827 9,215,856 4.084.4876.1*63,0970. 289.611 1,651,660

37,476.4947,242,760

295.406 3,319,381

77,895.306 8.113,714

317.182,717 1.3SU.079 8.906.70*

637.226 2.167,7781, -93.838 3,813.447

49,898.286 1.262,095 5,09 >,143 2,426,058

31,144.180 19.854,782 7,8 79,220 5,125,820 6,661,065

198.850.19767,175.636

5,583,110579.248

2,631,66716,718,3868,677,9374,127,2406,799,5182,422,874

35.386,2598.574.812

44,118304,634

2,785,735131.252,873

14,444.367413,952.783

150.39513,065,837

1,226,1481,460.4551,719,0082,982,216

58,541,4572.199.197 6,565,998 5,724,036

40,737,04425,704,1734,237,5066,046,9915.321,414

75.832,084 65.416.367 941,076,128 827,402,462 847.423.147 103027814Rmnaintogln w arehouse June 3 0 ,1 8 9 2 .......................................$29 ,575 ,072Remaining to w arehouse June 30, 1893 .......................................$40,430,911

a Interior ports to w hich tnerohaudise can be transported .w ith ou t appraisement, under act o f June 1 0 ,1 8 8 0 .

o Incom plete to the ah sen oeo f law prov id in g the meaDS o f collect­ing the statistics o f exports to ad jacent lo ie ig n te ir i lo iy b y railroad oars and other land veh icles.

J olt 32, 1898.] THE CHRONICLE 131

Iftcm etaviji Com mercia l g u g lts k g e n u| From o a r ow n corresp on den t- j

L o n d o n , Saturday, July 8. 1898. Bates of interest and discount have failec during the week,

the open market rate of discount being little better than 1 }.£

per cent, while day-to-day money has been freely lent at -/>

per cent. From the return published by the Bank of England on Thursday it appears that the payment of the interest on the national debt has increased the deposits of the public, in which are included the bankers1 balances, by about l:1.] mil­lions sterling. The total of those deposits is now nearly 3? millions sterling. On the other hand, the outside market baa increased its indebtedness to the Bank by nearly 3 millions sterling, so that really the increase of the supply in the open market is only about a million and three quarters sterling. But for the moment the amount borrowed, as well as the dividend money, is at the disposal of the market; and as dis­trust is very general, enterprise absent and speculation par­alyzed, it is difficult for the banks to employ their funds, and they are competing actively therefore with one another. The general impression is that cheap money will continue for a couple of months, for it is thought that gold will not betaken to any great extent from the Bank of England for the United States until the exports of gram assume much larger propor­tions than they have yet reached.

There is much dissatisfaction amongst the Indian banks and apparently also amongst the officials in India at the policy being pursued by the India Council. The Act passed by the Governor-General in Council fixes the value of the rupee at Is. -Id. of our money, bat the It dia Council ha« been selling its drafts under Is, id., generally at about Is. 3'|d. per rupee. It is understood that strong representations have been made from India pointing out that if this is continued the experi­ment is m te to fad. Consequently there was much interest felt as to what the Council would do on Wednesday of this week. It reduced the amount it offered for tender from 00 lakhs to 50 lakh#, and next Wrdnesday it will offer only 40 lakhs. But the It di n banks applied for little more than JIs, lakhs. One small application ft r 10,000 rupees was allotted at 1«. 3%<L; a second application for 2*4 lakhs at la. 8^d. was declined. But the refusal to sell at the lower price tell* us nothing a» t o the policy that will be pursued in future, for it was highly improbable that the Council would lower it# price when barely one-twentieth of what was offered for sale was in question. Indian banks are seeding out rupee (taper instead of buying Council drafts, and the price of rupee paper has recovered to W3id. There m rt ported to be a good demand for silver in the bazaars, and so me silver has been sent, though it ia hardly likely that much will be remitted, as it is feared that the Governtner. t might impose a heavy duty to take effect from the very mi roent at winch the Act should pass. The chief buying has been for American account, and the price, which was a# low as 30}£d. per ounce at the close of last week, recovered on Wednesday to 94?«d. per oz,, but went back yesterday t o M % < \ .

On Tuesday the London County Council invited tenders for a million and a half sterling of 2J4 per cent stock, the mini­mum price being fixed at 89. The day before the tenders were opened the new stock was dealt in at 91, being a premium of 2. But ju#t before the tenders were sent in the India Council announced that it woufd offer on the 12th £1,19)0,000 of 3 per cent sterling stock: consequently the tenders for the County Council loan were revised, and ultimately the Council obtained only alum! £80 Ids. for its stock. The new Indian sterling loan is to pay off liabilities that are maturing, and adds noth­ing therefore to the debt of the empire. Furthermore, a much larger loan was expected, and consequently it ia anticipated now that the Council will obtain a higher price than seemed likely a little while ago.

Business has been exceedingly slack upon the Stock Ex­change thr< nghtut the week. As the New York Stock Ex­change was closed on Tuesday and the London Stock Exchange on Thursday, there has been scarcely anything doing in the American market. Within the Stock Exchange the prevail ing opinion is that prices have fallen so very greatly that there ought now to be a recovery, and probably if confidence were to revive in New York there would be more speculation here than has been seen for a long while. At the same time it must be added that the public ts holding altogether aloof from markets—not only from the American market but from

all other departments—and the great operators are likewise afraid to engage in new ventures. Consols, Indian sterling ' issues and British guaranteed and preference stocks are all well maintained, owing to the decline in the value of money. But there is a further decline in Australian Government stocks and in Australian bank shares. There has also been a fall in South American stocks, especially Argentine. The long min­isterial crisis has given rise to the fear that President Saenz Pena will be obliged to resign. The crisis has at last come to an end, a new government having been formed, but there is little confidence here that the new government will last. The impression is that President Saenz Pena is too old and has none c f the qualifications necessary to deal with the grave problems before him. It is feared therefore that he will have to resign and that there may be political troubles, as the Radi cals are strongly opposed to General Boca, who, it is thought, will have a commanding influence with the Vice-President who in the regular course of events will succeed if the Presi dent resigns. Tae Continental bourses are all weak.

Paris is naturally distubred by the rioting this week and by the near approach of the elections. The failure, too, of the new Spanish loan makes a crisis in Spain more probable than ever; and an agitation is beginning both in France and in Belgium for putting an end to the Latin Union. The general estimate is that that there are about 16 millions sterling of Italian live-franc legal-tender pieces circulating in France in excess of the French five-franc pieces circulating in Italy. If the Union is terminated Italy will have to take back and pay ! or immediately half her five-franc pieces, and in the present state of Italian finances it is feared that sbe would not lie able to do so. Besides, there is a natural apprehension that Italy may regard the denunciation of the Union as an act hostile to In ref:if. In Germany the fall in stiver securities, and especially in ibxican securities, has involved several great operators in heavy losses, an<l the Bourse is consequently weak. At bout<- the drought continues and the position of the agricultural dn — # is very bad, while there is fear of a great strike in the coal trade, the employers calting upon the miners of the districts covered by tbe Miners’ Federation to submit to a reduction of wages of as much as 25 per cent.

According to the T im e s , British crops all deteriorated dur­ing the month of June. The condition of wheat is represented a* 82’ t, about 7* . per cent lower than at the corresponding date last year—which, it will lie recollected, was a very unfav­orable season. Barley is represented as73*8,21 per cent lower; oats MP4, 121 per Cent lower; potatoes 87‘8, 7 per cent lower; grass 43-9, 35 3 per cent lower, and root crops 788, 5'4 percent lower.

Several of the joint-stock banks have now announced their dividends for the fust half of the year. Speaking generally, they maintain the same rate as twelve months ago. There is one important exception, the London and Westminster—one of the greatest of our hanks—which distributes only 12 per cent, against 13 jxr cent twelve months ago and as much as 10 per cent two years ago. It should be observed, however, that the Westminster keeps a very large cash reserve—much larger than the other banks. One railway, the Manchester Sheffield & Lincolnshire, is unable, to distribute any dividend;twelve months ago it paid % per cent.

The Board of Trade returns for June are fairly satisfactory. The value of tbe imports was £31,868,792, a decrease of £908,- 000 compared with June of last year, or a little over per cent. The value of the exports o f British and Irish produce and manufacture# was £18,789,271, an increase of £714 953, or marly 4 percent. For trie six months there is a decrease in the value of the imp rre of a little over 7 per cent and in the value of the exports of 3 63 per cent.

Ttie imports since January 1 have been as follows:I m por ts .

J an u a ry ,.........February ___M a rch .......... ..A p ril.................May-

1893.&

33,125,888 29.7hs.T48 34,089,413 :i.,t2.-,:»9 3(1,-3 ,1)51

J a n e .................. 3 1 ,8 b 8 ,?»2

Difference.a

—5,359,356 —3,119,183 —2,703,781 —2,794,913 + 1,801 ,213 — 008,687

Per Ot.-1 3 -9 2-1 4 -6 7— 7-34— 8-00 + 5-14 — 2-77

6 months ... 197,676,219 212,718,723 -15,039,504 — 7-07The exports since January 1 have been as follows:

Per Ol.- 5-85 —11-56— 1*18— 6-98 + 0-21 + 3-95

— 3-65

1893. 1892, Difference.E x p o r t s . £ £ &

January..,..,, 18,026 ,0 ! 9 19,146,704 —1 ,1 '0 ,6 8 5F ebruary......... 17,i 93,309 19,828,753 —2,235,444M an.ii............... 19,432.904 19,663,382 — 232,478April............. 10,617,977 17 ,-65 ,876 —1,247,800M a y .. .____. . . . 17,822,460 17,783,909 + 38,491June.............. 18,785,271 16,070,318 — 714,953

6 m onths— 107,777,940 111,861,002 —1,083,062

132 THE CHRONICLE. [VOL. LVII,The exports of foreign and colonial produce since January 1

show the following contrast:1893. 1892. Difference. P er 01.

RE-EXPORTS. £ £ £J a n u a ry ........... 4 ,786,274 4,128.646 + 65 7 ,6 2 8 + 15 -92F ebru ary .......... 5 ,733.252 5,728,772 + 4 ,480 + 0-07M arch ............... 5 ,690,367 5,560,389 + 12 3 ,9 7 8 + 2-22A p r il.................. 4 ,856,184 5,545,838 -6 8 9 ,6 5 4 — 12*43M a y ................... 6 ,945,220 6,951,447 + 353 ,773 + 5-09J u n e .................. 4 ,7 u 6 ,0 l5 4 ,648,260 + 147,755 + 3-17

6 m on th s___ 32,806.667 32,229,352 + 59 7 ,3 1 5 + 1-85The following return shows the position of the Bank o f

England, the Bank rate of discount, the price of consols, &c,,compared with the last three years:

1893. 1892. 1891. 1890.July 5. July 6. July 8. July 9.

£ £ £ £Circulation ........ 27.481,955 27,219,475 26,520,700 25,536,100Public deposits.. 5.881,295 5,55’ ,218 4,195,883 5,239,410Other deposits... 36,944,322 34,752,838 37,802,408 28,2tl,304Government securities.............. 13,207,044 13,156,085 12,423,006 15.103,267Other securities. 29,030,465 28,829.360 30.7(58,279 24.819,93LReserve................ 18,713.422 16.383,572 16,989,732 11.716,997Gold and bullion 29,745.377 27,153,047 27,060,432 20,803,097Prop, assets to liabilities per ct. 43 7-16 40 7-16 10 '4 34 11-16Bauk rate......... 2% 2 4Consols per cent.................... 98 15-16 96 9-16 96 3-16 95 15-16Clearing House returns.............. 173,867,000 174,644,000 134,334.000 140,117,000

The following shows the imports of cereal produce into tht United Kingdom during the first forty-four weeks of the season compared with previous seasons :

IMPORTS.1892-93. 1891-92. 1890-91. 1889-90

Im p o itso fw h ea t.cw t.5 3 .0 8 0 ,1 1 6 57,420,675 48,898,523 47,437,189........................... 14,240,797 15,349,563 15,246,225 13.539,587

O a ts ............................... 11,523,109 12,406,332 13,154,758 10,577,033P ea s ................................ 1,894,611 2,423,687 1,739.506 1,601,402B eans............................. 3 ,543,360 3 ,479,130 2 ,696.710 2,881,821Indian co rn ................. 27.027.142 24,341,064 24,876.516 31,445,296F lo u r ............................. 17,580,187 16,812,621 13,711,800 14,564,857

Supplies available for consumption (exclusive of stocfci- onSep ember 1):

1892-93 1891-92 1890-91. 1889-90.W heat....................ewT.53.08t',116 57,420,675 48,896,523 47,437,189Im ports or tit...j ......... 17,530.187 18,812.621 13,711,900 14,561,857Sales o f hom e-e-roM ii.23.531,678 28,033,466 31,896,482 41,961,000

Tut.ll...................... 94,191.982 102,260,762 94,504 .805 103 ,963,0161x02-93. 1891-92. 1890-91. 1889-90.

A ver, price wheat-we.ek.26s. 9a. 29s. 3d. 38s. 9a. 32s, 8 d .A veraae price, s e a s o n ..26?. 9d. 34s. Id . 34s, 9d. 30s. 6d.

The following shows the quantities of wheat, flour a, d maize afloat to the United Kingdom:

Thiswrek. Last week, 1892. 1891.W heat.................. q re . 3 ,270.006 3 ,360.000 2 ,200,000 2 ,288,000F lour, equal to rjrs. 312 ,000 334,000 302 ,000 261,000M aize................... <rs. 483,000 442 ,000 685 .000 423,006

e.uialtso Fltoaiielal i f l a r k e t » —P e r C a b le .The daily closing quotations for securities, <Sc., at London

are reported bv cable as follows for the week ending July 21:

L o n a o n . a a i . M o n .33%9 9^ 699%

97-70

l u e s . W e d . T h u r s . F n .Sil e r . per o z ..................0C^<*fc«>ls,new,2% x>ercts.

do for a ccou n t.........F rentes (Id P arisur.

335s 99* 6 99x]e

97-75

33+i9 9 ils991 ,,

97-82+s

33991.6991.6

98 00

32%991le991,6

98-10

32%9999

98*00Canadian P aeilio ............. 7 3 ig 705* 6& 73 TO 5* 72+j 73%Chic. Mil. & 8t. P a u l___ 6138 58 57t% 58'-% 57+3I u j .o Ip C entral............... 911* 9 1 % 901 * 90i* 92% 94L ik e S hore........................ 122 121 % 119 I18+> 1L9% 119L 'ujpville A Nashvi l e . . 57% 57%? 54 53% 54% 55%M exican Central 4 s ........ 49% 4 9 % 4 8 48i* 48 48N. Y. Central & H udson. 104% 103% 102i* 100 101% 103N. Y.Lak" E rie & W est’ll l t 78 14% 123* 131* 13 % 14%

4' 2d co n s ............ 8 6 8 5 80 78 78+! 7 8N o r ' lk A W estern, pret 19% 20 13% 18% 20 20N o th em Pacific p re l .. . 30 ** 30% 27% 23 23%P ennsylvania .................... 51 % 51 =% 5114 50% 50% 51P hiladelph ia<fe Reading. 7*h - 7H 7 % 7+t 7*, 73 9Union P a cific .................... 2218 211* 20 19% 19% 20%W *0ash Died................... 16% 15*2 14% 14% 14% 15

C u r a m e r c t a l a n d m i s c e l l a n e o u s

Bonds Held by National Banks.—The following interest­ing statement, furnished by the Comptroller of the Currency, shows the amount of each class of bonds held against national bank circulation and to secure public moneys in national bank depositaries on June 30.

XT. 8. Bonds H eld June 3 0 ,1 8 9 3 , to Secure—D eter ip lion o f Bonds.

P ublic Deposits in Banks.

B a nkC irculation. Total Held

Currency 6 s ....................... $1,191,00012,468,000

1,538,000

$12,126,000142,141,700

22,020,550

$13,617,001154,609,700

23,608,550T ota l.............................. $15,247,000 *176,5 88,250 $191 ,835 ,250

National Banks.—The following shows banks recently organized, etc.:

RECENTLY ORGANIZED.4 ,912—The C itizens’ N ational JBauk o f Stevens Point, W isconsin. Cani. ta l, $ 100 ,000 . R. C. R ussell, P r e s id e n t ; ------------------- , Casliiei4 ,9 2 3 —The Farm ers’ N ational Bank o f E pkrata , Pennsylvania. Cani

ta l, $50 ,000 . H. J . Meixell-, P resident; Et. M. Shnavely Caeluer,

INSOLVENT.4 ,099—The F irst National Bank o f W hatcom , W ash., is insolvent, and

was on June 27 p laced in the hands o f G eorge B. B lanchard, receiver.

4 ,326—The Linn C ounty N atioual B ank o f A lbany. O regon, is in so l­vent, aud w as on Ju ly 10 p laced in the hands o f H am ilton M. B eall, receiver.

4 ,314—The C ity National Bank o f B row n w ood . T exas, is insolvent, and w as on June 20 p laced in the hands o f B uck ley B. P addock , receiver.

4 ,351—The Co.um bia National Bank o f New W hatcom . W ash , is in ­solvent, and was on June 27 p laced in the hands o f G eorge B. B lanchard, receiver.

4 ,658—The F irst N ational Bank o f Philipsburg. M ontana, is insolvent, and was on Ju ly 8 p laced in the hands o f R obert A. Luke, r e ­ceiver.

4 ,005—The Citizens’ N ational B ank o f Spokane Falls, Spokane, W ash., is insolvent, and w as on J u ly 1 p .a ced in the hands o f Jay H . Adam s, receiver.

4 ,185—The N ebraska N ational B ank o f B eatrice, N ebraska, is insol­ven t, and w as on J u ly 12 p laced in the hands o f E. R . Fogg, receiver.

4 ,478—The G u lf N ational Bank o f Tam pa, Florida, is insolvent, and was on Ju ly 14 p laced in the hands o f J. B . A nderson, rece iver.

IN LIQUIDATION.1 ,436—The Lake N ational Bank o f W oU borough , New H am pshire, has

gone into volu ntary liqu idation by resolution o f its s tock ­holders dated June 29, 1893.

1,701—The First N ational Bauk o f Soringfleld , M issouri, has gone into voluntary liqu idation by resolu tion o f its stockholders dated M ay 22, 1893.

3 ,900—The Finney County N ational Bank o f G arden City, Kansas, has gone in to volu ntary liqu idation by resolution o f its s tock hold ­ers dated January 12, 1893.

Imports and Exports for the W eek,—The following arethe imports at New York for the week ending for dry goodsJuly 13 and for the week ending for general merchandiseJuly 14; also totals since the beginning of the first week inJanuary.

FOREIGN IMPORTS AT N E W YO RK.

For Week. 1890. 1891. 1 1892. 1893.Dry G oods........Qen’ l m er’d ise.

T o ta l...........

$3,978,2028,001,y64

$2,931,726 $2,279,788 6 ,2 4 3 ,1 m 8,023,343

$2,372,9455 ,861,635

$11,980,166

$86 ,156,284209,487,191

$9,175,136; $10,303,136

$ 64 ,868 ,970 ! $66,135,180 225 ,771,785 242,027,521

$8 ,234 ,580

$78,712,451270 ,987,100

Since Jan. 1.Dry G oods........Gen’l m er’d ise .

Total 28 weeks. $295,643,475 $290,640,755 $308,212,701 $349 ,699 ,551The imports of dry goods for one week liter will be found

in our rt port of the dry goods trade.The following is a statement of the exports (exclusive of

specie) from the port of New York to foreign ports for the week ending July 18 and from January 1 to date:

EXPORTS FROM NEW YORK FOR THE W E E K .

1890. 1891. 1892. 1893.

For the w eek .. Prey, reported .

Total 28 weeks.

$6,025,670175,899,614

$6,272,595182,979,515

$6,123,627212 ,282,214

$3,231,333184,948,846

$181,925,234 $189 ,252 ,110 $218,405,841 $193,183,184The following table shows the exports and imports of specie

at the port of New York for the week ending July 15 and sin ce January 1, 1898, and for the corresponding periods in 1892 and 1891:

EXPORTS AND IMPORTS OF SPECIE AT NEW YORK.

Gold.Exports. Im ports.

Week. Since J a n .1. Week. Since Jan. 1.Great B rita in ............. $ ............. $16,639,747

17,990,10225,453,100

6,437.86815,468

1,127,1701,013,020

$227,516 $715,9034 ,129,600

697,6331,699.527

42,570729 ,784

52,386

G erm any......................W est Indies.................M e x ico ..........................8outh A m erica ...........A ll other cou ntries..

Total 1 89 3 ...........Total 1892...........Total 1891 ...........

2 ,000121,663503,928

6,400105,908

3,000

$2,0001,092,950

319.4U9

$68,676,475 45,805,863 71.922.1 80

$968,41526,46924,439

$8,067,4036,307,5201 ,777,395

Silver» Exports. Im ports.

Week. Since Jan. 1. Week. Since Jan. 1.

Great Britain............. $848,930 $15,844,126132.198187,300419,663

66051,67335,594

$2,670 $2,670787 ,440

3% 64*4 731 ,956 532.662

82,565

G erm any......................West Indies................. 78,521 ..............

8outh A m erica ...........A ll other cou n tries..

T otal 1893 ...........T otal 1892 .........Total 1891 .........

13,640 35,453

$941,091 146,7t>8 263,387

$16,671,21412,291,790

7,593,652

$18,12371,306

211,939

$2,168,9371,189,6081,154,693

Of the above imports for the week in 1893 $100,504 were American gold coin. Of the exports during tne same time $2,000 were American gold coiu._________________

Uoverument Purchases of Silver.—The following shows the amount of silver pm-chased to date in July by the Government.

P rev iously reported .J u ly 1 4 .............................

* 17 ........................‘ 1 9 ........................1 21.................

ouncesoffered.

Ouncespurchased.

3 ,229,000 768.000100.000

80,000329,000

30,000

738 .000454 .000670.000

5.091,000 1,307.000

P rice paid,

*0-7150 ® $0*7200$0-7250 a .............$0-7340 a $ 0 7 3 4 5$0-7150 @ ..............$0 7000 @ ..............

* Tlie loca l purchases o f eaoli w eek are n ot reported till M onday of the fo llow ing week.

Jc>lt 32, 1893,] THE CHRONICLE. 133Exports or Bbeadstuffs fob -Juke, 1893. — The fol-

owuig, made up from the statement issued by the Bureau of Statistics, shows the exports of domestic breadstuffs from the under-mentioned Customs districts of the United States for the month of June, 1893 and 1892, and for the twelve months ending June 30,1893.

SreaditugsMxtmts-June. 1892-3.

mm. 1892. Twelve Months.Qu’nzuie* Value. Quantities Value. Quantities 1 Value.

Earley, hush. New York.. ...... 20,651

214/139 * 88374 j

tsumPhiladelphia.... - Baitimore..., . . .

. . . . . . . . ***’ “ * i

' 68,018i ..........

Pae. east, diau.* Other cai, diata.t

459.4SW s is j& i 2».<m i\ 1,137,213

Total, baiie j......Corn. bum.Ntw York...........480, in 227,803 58,810 29,089 3,034,876* L4SS.S6482SJ99 384.-«a 2i*0,8T2 714.133 3*4,223

2 i3 n 1,004,430

447,883 703,355 253,4-y

412,257 \2jmsmS.5yft,>3fti 4,232.4*3 6.521,10214.389,900!

124.7V57.0-^2.070!

6.660,673 1->73,535 2,2t0,v6?

*2445,7-81

6V^453,610340

Philadelphia..,..8 y&imore...........Now Orleans......Poe. coal.Otn areas. ni«u.t

U)j3o6858,597182.914

14,318875,002

0ft5,4iy783JS0S)

7.77013.572

2^3.835

531,917

i f H15I.7SS

Total,coru... ...<k>mensM. this. New f o r s „ . M„ .

4,602,587 2,207,OH asnejm 1,879.33? 38,712,89; 20,135,99210.4182,55i

483*10 17.S4ItM*60;>56AM0/j5O

153.407!8.M00J

459.279Philadelphia.,.,. Baitliuaro ... Newurleana.—

iJm10*373

6.5*5i jm2£&i kjm

O.0W25,?m8v ie,hStn mMo\

. . . HOther cat. diat*.* 1.546 3,889 i,3 ii 3,311 la sts 55.007Total, coro-me&i ’Mis, b m h New York..........

24,771983,156

10U

tm%£$.<143,575

07,401228,031

91"ismm

1.47443,94»J

189.831tmlfZ7*

e 3,031zxmwis#

727

Wkf)*b\|uMm%jmsk6.11*.

75,4 «5« 1?i,iS22j

787,039 800,4HxmsPhiladelphia...,.

New »JrSeaa*— Pac. emt. auib.* i.'iii

101,0015*4013

83,4083*,7?5$4,484*

TAah bate ...... TiS.Odl SN.M7J 3¥,330 926,0050*1 meal, Uus.

N*w York......... ■S m o n . . . . . P a iia d e ip n iA ... „, I

...Haw Or lean*..,,,' Pae. cast. <j.*?.•«.* 0&H«irc«a.4t8A.L|l.t;folds mtmmJ..'1

Byt, bmh#9w torfc...... .B-JBtoa...........PmMdelpftia..... Baltimore... . ... mttwyfic»a». ,. p.*c. co it. am t*/ Other cm*»4fare*.f '

WmM, ttu*/,.New For*...... .&0*febi*---- - . . . . .PiiUlwdeipbia...,. 0dlimon».<«. ... New Oflwaa*.. , , , Pae. cost. diet#.* Other co3,dl*u.^'foul. wheat,.., J

Wk«s&&wr, be**New fo r a . . . . , . , .mmsm. . . . . . . . . . .FMJftSddtf*.....

91431!

X3,39$f7.OUt

VSmt* l Til

7,044

-AM&H

ISW.O0U!1*PaoolT9UMsiiSij250.5? ifSft/Otjt&.csaj

3.501*#/;5 s

I ,?4SI| ttjfttlj

S?j

t4«8*42@f%0?is,teoi46i,aWUtjSft&i

imjz&y

»*8. I ywfj 15*4

199,170 402335 itil 1,457,056 1.0/2,7035,5i.$,051 4302,278 8310.* 61 S,m.83*5i WMVMi 32>«5.fl5

**1,532 459,0 Kf i I .4«4i3’70 if'ft7SM&M &3et,l !S TJftAdi Ti%Um 942*. 4 to 7,43:5,27575*1*242 9 U /S I MeSO'^Sf U,2L0.M»15 ,2,0*M> i*?U.Ai2 iaL*,yi>! i 11,010,720flfcfJWesa 6 M300 54*S,lh#3 44?40a| td»ftaf53*0 S0,4po.1M54yd,«8^ rntgim 280.741 5.881,786 4t4hft,d10

i,40M t7j 1 Jd.750.Si7 00,918.951494.4A5 am ,7»i| a o u js n 23,907.«?#a

tmMh «O«340 151377 n t - in . W.7«A#W4-33*9 UCUtff 7A*,744i 7J&T4jm“M*XT4 I*..I4»J5I0 213,/TO 1.139375! 17,065370im.tm '48 R..3K) *?,3W.#| SHd.702 1.103,012

04. ITS M*JhH lit.lCM 44*,758| 1.04*4, *J 2 0.2:l6./401*24.48» 506 J*M MjUd| l,dli,20» (M

9,001.001 5.720,4881 10309,735 73A0>,802

I*Xl7>5i 0 o 5 ’«<3|: H.Oll.wm1,131.577 2.014,41*2} ___.. . . 10 #40393*327,'4hi Irngm i . . . . . . . . 14350.^1Lg»& 274 2*5.,/3s3l?I3I43I8 84738*31 . . . . . . . . 14.440,93

751 ........ 10,448,917!

New OftONkAA. —Pad. etm. diet*.-o%mt mubmm***

T£ jC. w h ewt-a o o r .'Totals.

Hew fo r * . , . , . . . .ftcwios.. . . . . . . . . . .IrBlbidel pitta... .,Baltimore .. . ...Ne-worseaui* .. ..Pen. css-t.Qmm emhdistsA

Grand total* Tala# Of wc.ooft* fn

B*». Pr*uct*ea, Cauter.Wdlazmatt*. Onmoo* . . . . . . . . . _ __ .,P&$MiktwM. W«Si3|wa.., f fttid .........4l«ll t74

♦ Tala# o f «3E^ofta fro® other dlitrtc*# for the month o f 4 ace , 11*03*<Jfclcwro« IIL.«........ | S d io s . Mtebbraa. . . $28,083j l a j o a S o . . . . . . . . . . . . . . . . . . fdtjki* ; straao#.. Tduui . . . . . . . 3 , 8 * 5 9Newport New#. Vr.. .. . . . . . . . . . f ------- —Detroit, Micfci# »g, f T o ld -.. IL® i4,313MlmmL 0M o.. . . . . . . . . . . . . . . , . 41,700 {

Ho t*,—T hl#*tat#ai#rsila«la3«* about08 per teat o f the entire exports o f tbQ •Hide!#!* named f w « d l porta o f to# ooaa&rr.

faethe dfcctr*«t* for the aa >nth o f J aaa. isvd ;. . . | 4 W I J ! 0 n w w ,0 M | a tt........... t .*. . .

->—Coupons p&&y mad ih City, do# August 1 bin EMs liailroar! Ciiia»«5 Smith, Jtto,. 4$§ Clie>3tti u tioa os and after that tCi

— T b » S u p e r io r W L^cu;will ‘ tlicir Am^alter July %$tMf at tbo C

f th« Coo-'oi idated Tercoiual Hail way Com Foiou Terminal Bail way Oompany, of K -msas

rill ‘ "s* ‘ " Hbe: paid.. m j at ti t Htnei

by tJie Kansas City Subur- i banking bouse of W, & F. Philadelphia, on presenta-

>sia Rapid Transit Railway Company ust conoon-s by paying sam# on and mini Trust Company, New York,

Foe sign Tsabe of New Yore—Honthlt Statement,—In addition to tables on preceding page, made up from weekly returns, we give the following figure® for the full months, also issued by our New York Custom House, The first state­ment covers the total i moons of merchandise.

IM POSTS INTO SHEW Y O R K .

1892-93.

M onth.D rv

Goods.

J u ly ...............%

10.647,403AUgUSt....... . 14.100,901S e p te m b e r . 10,627,801O c t o b e r . . . . 12,274,005N ov em b er . $.312,459D e ce m b e r .. 11,197,280January — 18,370,078F eb ru ary .. 14,002,275M arch . . . . . . 1 2 ,8 97 /70A p ril............. 10,214.034M ay............... 10.997,095l a n e . . . . . . . 7.245.201

G eneralJ ferchan - 2ot*L

34,811,855 36.890.506 35,607,343 38,459,906 39,985,&42j 36,016,2211 40,988,147 37,826,700 5O,S0Ue844.924,75438,945,72841,165,944

1891-93.

DryGood*.

45,439,258 51,051,467 46,235,144 50,724.511 48.29S.10t 47,813,507 59,358,225 51.828,975 63,280,015 55,188,778 49,842,823 48,711.14p| 7.'

T o t a l . ... 140,947,074 47^.774.904 ftl7.72l.9785

G eneralM erchan­

dise.* . * $

9,201,148 31,927,490 41,128,688 12,310,797 31,088.246 43,399,043 8.340,888 81.140,387 39,487,275 7,798.225 34,490.021 42,288,240 9,252,849 32,160,147 41,412,998 8,423,391 37,382,052 45,810,443

15.298.842 26.920,048 42,218,890 12.113.162 3> 030,838 44,353,000 9.870.851 45,180.299 55,001,153 8,501,492 41.076,008 50,177,500 8,259.923 35,131,008 43.391.536 7,275,558 40,593,834 47,809,392

UH.qg^rwo 419.080.052 530.538.112

Total.

SXPORTS FROM NEW YORK.

T otal M erchandise.M o n th .

1892-93. 1891-92.i

31,103,12033^3.76637,910,406

l a l y ........ .. i 28,283.073:IfU fu at-. . . . . . . . 30.78L807;S e p t e m b e r . . . . . . ; 26,911,052;•jetober........... . Sl.338.O03j 37,366,704Nor ember.......... 33,478,750 ) 36,541,697O e ce m b e r . . . . . . 32,928TR ^ ! 43,565,390J*00* r j . . . „ ........ 24.S01^6ii 34,379.303F e b r u a r y .. . .* .. . i S . m & S 30,730,177 M arch ..... . . . . . . 27^02.591? 33,C^4,920A p ril,........... ... 25,705.137 30.642.1*5M a y . . , , , . . , . . , , . . - 30.7«7,496! 3 M 3 g 7 3 2 Juxie.............. . 31.773,6:7, 53,813.203

CUSTOMS RECEIPTS.

A t N e w Y o rk .Month.

1892-93, 1891-92,

la ly ....................f

13,304,197i

ll.S0i.10SAasfust.. 13.179,931 10,401,012September......... 11,342,330 9,962,117O ctober........ . 10,339,857 6,367.374-VoTeraber....... 9,951,430 8,503,006December.......... 10,571,142 9,314.130January . . . . . . . . 16.291,902 ll.903.S9OFebruary.......... 12,439,466 11,633.255M a rch ............ 12,805,83* 10.872,149April................ . 9,717,453 8,885,924Slay 9,909,280 10,074,036J u n e ............. . 9,337,701 9,594,698

Total . . . . . . . . 137/50.4*5 I82/05.H50T o ta l . . . . . . . 3*7.181,71? 413,1*52.7^-1

City Railroad Securities—Brokers’ Quotations.Ulantio At ., B’ k ljru .S n t........ .

0 ea . M.,8a, 1 809 ...&&O' 8t*0k«rSt. A Fui. F. -SU-.

1*5 mort., 7a ,3T*dw*r & 74jiAt.—BVh.. l$% mort., 6a, 1904 .J& 0S’ way H i, bat, *ra.....’ 'i4 te d 5t, t a t aa rettt., ’ 05.

ftroofcljm CUy—N ows tec'K B'Klj-o-crmM'n 5»n 1908 Bka.cS-A N’ nSa, 1 9 ^ J y#S£r*i :

1*5 m a rt ., 6*. 1 9 5 3 .M A N Oeat. rx .N .A R. Hit.—S tAU

OoaaaS*. 7a, 1903 ...J A DU t mort., 7*. 1893

106 125 ' 30

105 10S185 ,1U3 104 .xm 10410 % 10 4

92is o .: l utlo ? :106 :105440US 120118*’

ISO120 ;! . i105 i

Dry Book 33. B ’y «fe B.—S cr ip ................

ElRhtii At .— Stock........ .j RIrO th A v.—Sorip, 0s, 1914 420 A Gr’ud St. F’ry-.Stk. j l « i mort., 7s, 1893. AdtO 41*4 St. Muuh.A St.N.Ave. i 1st mort., 0a, 1910.. M&S

24 M,. imionieJ0e....J<fcJHoaet. W.s c a . P. F*y—Stk.

1st mort., 7#, 18W4..JAJ Ninth A v e .. . . . . . . . . . . . . . .8e ‘onrt A m —S tock .. . . . . .

l« t mort., 5», 100P,M«feN; 'Sixth A m —S tock ......... .UTinrd A m .......................I le t M., 5a, 1937 ..... J&J Twonty-Uard SC—Stock..

95 100280 .........105 110300,....... .102......

70 72 110 113

60 04 200lO t!.........120 130 105 115 iJ 100 103 . .. . s215. . . . m m _____300 . . . . . .

W. I. and Brooklyn Mas Securities—Brokers’ Quotations,# A S C OM PAN IES. Bid. i A*k. ©AS C O M PA N IES. Bid. Ask

Brooklyn © aa-L ight......Sotmf City A Hoboken..i f #tropoll too—Bond#.......a m o A ia r . t.K~...........*Naaaaa (B rook lyn )..

S cr ip ... . . . . . . . . . . . . . . . . . . .P #opS#'» (B r o o k ly n v . . . . . .Motropoilioni Brooklyn).

Bid. Aak.110 120

\li ........»3*5 M0UO 150

10085

120

I iW iliiomsbarg...... .........I Bond*, 0 * . . . . . . . . . . . . . .

! Mnaicipai—Bonds, 7s. Fulton M anioipal.. . . . . .

Bonds, 6b.......... .E q u it a b le . . . . . . . . . ...........

Bond*. 6 * .. . . . . . . __. . .Standard p rof . . . . . . . . . .

Do com .................

125100105123105100105

108125**185""is"40

Auction Sales—Am ong other securities the following, not regular!;? dealt in at the Board, were recently sold at auction.

By Meant!, B. V. Harnett & Go,:Bonds.

$1,000 S ta t.n IM iE-1 Rapid Tran.,it HR. 6s incom e, 1 31 6 ................. 5**By Mes,sr». Adrian H. Muller & Son :

Shares. | Shares.17 Je:T, r»«n In-. <:». 103 p . | 23 T hird Avenue KB. C o ... . 176

c m il! in liqu iJaiinn i, 1 0 0 Tradesm en's Mat. 8 aa l!:.l0 7$50 t'.irii . . ; _____ ____ M 3 ! 10 IT. 3. f i r e [n i Co ............119

______ JBimMng and F tnan cta l.______

S p e n c e r T r as k & Co.,B.IXKSUS.

10 W a ll S t., N ew T o r t . 16 Congress St., B ostonA l b a n y . P r o v i d e n c e .MembenCoCSoa T ort mill Boston Stock Bxoh»o«o»

_______________INVESTMENT SECURtTiaft. ___________

S a m u e l D. D avis & Co.,BANKJSR3 AND DEALERS IN INVESTMENT BEOlTitlTFES.

N O . 4 1 W I L L S T .,

Ba x u k i. D . D i n s ,.Member N Y . S tock E xchange.

NKWT I O B K .

C u ts . B . Va n N o stk an d .

t h e m e r c a n t i l e n a t i o n a l bankO R T H E C I T Y O F N S W Y O t t K ,

Ne. 1 »1 B road w ay .C a p ita l. - $ 1 ,0 0 0 ,0 0 6 ( s u r p la * F u n d , - $ 1 ,0 0 0 ,0 8 CWILLIAM P. ST, JOHN. I'reslilaat. I FRBDB1UCK B. SOHHNOB, Oaihlst.

JAMBS V LOTT. AM'jrtaat Cwhlor.ACCOUNTS SOLICITEB.

134 THE CHRONICLE. [Yol. LVII.

f£ h z |p a n k e rs ' d a ^ e t le .D I V I D E N D S .

Name o f Company.

K a l l r o a d o .A nnapolis W ashing. & B a lt .........A tlan ta & W est P oin t.....................Central Ohio p re f ............................

D o do co m ............................Cinn. H am . A Huy. com . (quar.) Evanav. & Terre H aute (quar.).G reat N orthern p te l. (quar.)___Illinois C entral.................................H ate E rie & W est. pref. (quar.).M aine Central (quar.)....................Nash. Chatt. & St. L. (quar.)____fit.Paul Minn. A Man.guar, (quar.) W heeling & H ate E, p re f. (quar.)

H a n k s .C om E xch an ge .................................G erm an-A m erican...........................H udson H irer...................................P a cific (quar.)...................................

F i r e I n s u r a n c e .W estch ester ......................................W illiam sburg C ity, B rook lyn___

m i s c e l l a n e o u s .L incoln Safe D eposit......................N. Y . & N. J . T elephone (q u a r ).O hio Falls Car M fg. co m ...............P ennsylvania Coal (quar ) ...........P u llm an ’s P alace Car (quar.)___

P erCent.

WhenPayable.

2i« J uly 13 July 15

July 31itt A UR. 32b Aug. 11'4 A ug. 12 b Sept. 1l b Aug. 15l b July —l b Aug. 1l b Aug. 11 Aug. 156 Aug. 13 b A ug. 13 Aug. 12 Aug. 15 Aug. 1

10 On dem.

3 b Aug. 1lb July 15

12 July 244 Aug. 12 Aug. 15

B ooks Closed. (D a ys Inclusive.)

JulyJulyJulyJulyAug.July

JulyJulyJuly

— to— to . 17 to23 to 22 to 16 to 10 to 30 to— to 26 to 16 to 29 to

Ju ly 31Aug. 13 A ug. 1 A ug. 2 Sept. 1 Aug. 15

Aug. 1 Aug. 2 A ug. 15

Ju ly 22 to Aug. 1 J u ly : 5 to Aug. 1 Ju ly 21 to Aug 2 J u ly 19 to July 31

toto

totoJ u ly 21 to July 21 Ju ly 23 to A ug 1 A ug. 2 to Aug. 15

W A H H S T R E E T . F R I D A Y . J U L Y 2 1 , 1 8 9 3 - 5 P . M .The Money Market and Financial Situation.—Our

market this week has had to bear up under the pressure re­sulting from the Denver failures, and also from renewed efforts here to break down prices of stocks for speculative pur­poses. The recent declines have been made without much re­gard to the actual values of the respective stocks, and have come from forced liquidation or bear selling, whichever hap­pened to be the feature of the moment. With confidence in the future once established there is little doubt of an early rebound in the prices of securities.

There has naturally been some talk of late concerning gold mining, and a certain impetus in this direction is given by the decline in silver prospects. The gold yield of old mines on the Comstock is made the most of, and wherever there is any chance of turning out more gold it may be presumed that capital will be ready to facilitate the operation. A recent London circular says: “ Gold mines were active and prices high, but the troubles about money last month interfered with business.” * * * “ They will likely have another boomsoon—at least those in the Transvaal, as their gold output grows largely. Silver mines are comparatively little heard or in the London market, except the Broken Hill Mines.” * * * “ The American silver mines, too, are mostly stopped or about to stop. They seem generally to have lived much on hope, and the expected stoppage of the monthly Government pur­chases makes them shut up. Mexican mines both of gold and silver have the advantage of paying silver wages, and can work profitably at prices which the others cannot live on.” It is worthy of note that the Mexican mines are said to flourish only through giving smaller wages to their poor miners by paying them in silver.

Congress will meet on Aug. 7, two weeks from next Mon­day, and the sentiment on the repeal bill ought soon to be known. Whatever arguments may be brought up on either side for or against the repeal, it is to be hoped that the silver men will abandon once and forever their foolish and absurd talk about a “ conspiracy” of bankers in the East to defraud them, or any hostility to silver­mining interests whatever. Such arguments are utterly baseless, and they are unworthy of men who mean to be honest in their words and actions. The truth is that the dis­continuance of further silver issues is forced on the United States as a dire necessity, and the fact that more silver can no longer be made available as full legal tender money will be accepted with the deepest regret by many men at the East as well as by those of the South and West.

The open market rates for call loans during the week on stock and bond collaterals have ranged from 3 to 11 per cent, the average being 5 per cent. To-day rates on call were 4 to 6 per cent. Commercial paper is quoted at 8 to 12 per cent for the very best grades.

The Bank of England « eekiy statement on Thursday showed a decrease in bullion of *50,000, and the percentage of reserve to liabilities was 47-97, against 47’62 last week; the discount rate remains unchanged at 2% per cent. The Benk of France shows an increase of 1,725,000 francs in gold and1,450,000 francs in silver.

The detailed giatement of the condition of the Clearing- House banks has neen discontinued for the present, and will not again be isiin d so long as there are any loan certificates outstanding. 1 he totals, however, are furnished as usual, and the figures lor last Saturday (July 15) as compared with those of the pr»c<ding Satuiday, show a decrease in the re­serve held cl $313,410. .ihere teing a deficit below the required rtserve oiJS4,269,100, against a deficit of $5,082,025, the previous week:

1893 July 15.

D iffer tn '»from P rer. week.

1892. July 16.

1891 . Ju ly 18.

C ap ita l..................S urj.ire ..................Loans and d isc ’ tsC irculation ...........Net deposits .......S pecie ....................Legal te n d e rs ... .R eserve held ........Legal rese ive___

Surplus reserve ..

$ 1 $60,422,700 .................71 ,594 ,80°! .................

413 ,499 ,800 D ec .5 .1 86,100 5 ,896.300 I n c . 17?,000

394 ,174,000 D ec.4 ,505.300 62,268,910 I n c . 565,200 32,005,500 D ec. 878,600 94,274,400 D ec. 313,400 98 ,543 ,510 D e c .l ,126,325

1

$60.372.70068.260.700

4 82 ,436 .00°5,^56.500

523,862.60090.099,60061,073,200

151,172,800130,965,650

$60 .772 ,70064 ,753 ,000

3 92 ,479 .0003 ,732 ,300

408 ,810 ,90067 ,599 ,80053 ,092 ,600

120 ,692,400102 ,202,725

D t.4 2 6 9 .10 0 1 I n c . 812,9251 20,207,150] 18 ,489 ,675

Foreign Exchange.—In the early part of the week ex­change was firm, but on Wednesday prices became much easier, owing partly to the offering of some cotton bills against future shipments and partly to the buying of securities for foreign account. Late on Thursday there was more firmness again and to-day rates were also stronger. Actual rates of exchange are: Bankers’ sixty days sterling, 4 82@4 82%; demand, 4 84@ 4 84%; cables, 4 84%@4 84%.

Posted rates of leading bankers are as follows:

July 21. Sixty Days. Dem and.

Prim e bankers’ sterling b ills on L on d on ..Prime com m ercia l............... .. . . . . . ____ . . . .Docum entary com m ercia l............ .............Paris b a n k ers i f i a n c s l ..........................................Amsteri am (guilders) b a ck ers .....................Frank'ort. o r Brem en (re ioh m arkB )h ’ nfrere

4 83 ® 4 8 3 b 4 8 1 b ® 4 B lk4 81 ® 4 81145 2 3 b ® 5 22ia 3908®393i

9 4 b ® 9 4 %

4 85 ® 4 85t*

5 20®8®5 20 3 9 7s® 40 9 4 7s® 95

The following were cue rates of domestic exchange on N e w York at the under-mentioned cities to-day: Savannah, buying % discount, selling par @ % premium ; Charle-itou. buying par, selling % premium: New Orleans, bank. 50c. premium: commercial, $1 00 discount; Chicago, $1 50@$2 00 per $1,000 discount.

United States Bonds.—Governments have been more active in the late depression in securities, and the 4s sold to-day at 1 1 1 -1 1 1 Quotations are as follows:

InterestPeriods

July15.

July17'.

JulyIs .

July19.'

July 2 o.

July21

2 e , ......................... reg. Q.-Mch. * 97 * 97 * 97 * 97 * 97 974 b, 1907 ................ reg. Q .-J a n . -111 *111 . 111 111 *11012 1 1 1 44e, 1 907 ............. cou p . Q .-J a n . *111 *111 111 111 111 * 1 1 0 45b, ou r ’cy ,’9 6 ___ reg . J. <fc J. *10 3 4 * 1 0 3 b *1 0 3 4 *103 4 *10312 * 1 0 3 45s, our’cy ,’ 96___ reg . J. & J. *106 *106 n o e *106 *106 1063s, our,cv ,,9 7 . . . . r e g . J. & J. *108 *108 *1<>8 *108 *108 *1085b, eu r ’ey ,’ 98___ reg . J. Ar J. *110 *110 * U 0 *110 *110 *1105s. oiir’ cv .’9 9 ___ reg. J. & J. *113 *113 *113 *113 *113 *113

* m in is tn e p rice bid at tlie m orn ing b o a r d ; n o sate was i adeState and Railroad Bonds.—Only a few State bonds have

sold at the Board, and among these were $15,000 Tenn. settlt. 3s at 68-69 and $10,000 La. new cons. 4s at 95.

Railroad bonds have been fairly active at easier prices. The Stock Exchange sales show no signs of speculative dealings nor of any considerable liquidation in particular issues, but the mere selling of a few bonds to realize on them leads to lower prices. The Northern Pacific consol. 5s touched 49% and close at 52; Rock Island coupon 5s hold well at 94-94%; General Electric debentures touched 68 and close at 68; Chicago & Erie 1st M. 5s sell at 90%; St. Louis South­western 1st 4s sell at 56%, notwithstanding the large earnings of the road this year; the Atchison 1st 4s close at 75% and M. K. & T. 1st 4s at 76%; Rio Grande West. 1st 4s are quoted at 65; Texas & Pacific 1st 5s at 68. The market prices of bonds are governed more just now by the indisposi­tion to buy and the lack of money in the bands of large in vestors than by any estimate of actual values.

Railroad and Miscellaneous Stocky.—The stock market has had a further decline this week, which was caused mainly by the bank suspensions in Denver, the unsettled condition of affairs in London and the bear attacks hereon one stock after another. The efforts to depress prices in such times as these by false and malicious reports of financial weakness or proba­ble disaster in one direction or another, are justly looked upon among the better class of brokers as highly rej 1 ehensible. Ihere has been very little news touching the actual values of stocks, and the chief cause for the decline of prominent specialties in which large parties are known to be interested is palpably the lack of support in the market. In ordinary times a leading Btock may be thrown overboard in any small panic, and at a moderate decline its friends come in and buy it freely, thus steadj ing the price. Butin the present juncture such sup­port is impracticable, and with the long continued depression, a few bankers and capitalists would have to stand under and support the stocks of companies whose aggregate capital reaches up beyond 1,000 million dollars. Instead of fighting an ordinary stock panic and raid on values, they would be attempting to resist the demoralizing influences produced by the action of the United Stabs Government itself in its continued issue of coin notes against the purchase of silver bullion. This view of the situation may explain the decline of important stocks like St. Paul, General Electric, Northwest, Louisville & Nashville, &c., &c. General Electric was about the weakest of the leading stocks and touched 46 to-day, closing at 49%, without any new fact against the company having been established. Sugar among the unlisted declined to 71% and closes at 73%. Silver bullion certificates have ranged between 69 and 74, closing at 69.J

Jely 22, 1883.] THE CHRONICLE. 135NEW YORK STOCK EXCHAN6E—-4 C 2 T F .B STOCKS fo r week ending JU L Y 21, and since JAN. 1, 1 8 9 3 .

H IG H E ST A N D LOW EST PR ICE S.

97 Central o f New Jersey..

Saturday, M onday. Tuesday. W ednesday, T hursday, Friday,Ju ly 15. July 17. Ju ly 16. Ju ly 19. Ju ly 20. July 21.

20% 20% 19 20 17% 19 17% 18% 18% 18% 17% 18%* 1 % ....... . 2 2 2 2 2 2% M % *1% i

•67 69% 68 68 66 66 *55 65 6 0 % 65% 68 07%•71 72 69 70 66% 66% 07 68% *69 71 ; X67% 67%47 47 1 *0 40% 43% 46 43 44 44 443*1 43% 43%99% 99% 98 99% 97 98 95 9 7 97 98%. 97 9715 15% 15 15% 13% 15 14% 14% 14% 15% 1478 15% 1

134 134 •135 *135 140 *131 138 135 135 '1 3 1 3681% 82% 60 817. 75% 79% 7 5 % 78% 7 7 % 79 76i% 78%58% 58% 60 60 58% 58% 58 58 •5 9 % 6195 95 ! 96 97 96 99 *91% US •91% 9560% 6 .% 56% 60% 53% 57% 5* 56 56% 5 7 54% 56% 1

113 113 1 112% 113 112% 112% 109 110 110 110% 108 10999% 101% 98 01 95% 93% 94% 98 96% 9 7 % 9 6b 97%

133 138 1 137 137 134% 131% *133% 133 ____ _ ____ 136 137%65 06% 63% 65 60% 63% 5(8% 62 as% 60 56% 59% 136% 37 36 38% 35% 34% 32 34 33 31% 33 33% i

•105 108 * 165 108 106% 106% *103 107 1 1 0 1 1 0 106% 106%39 39% 3 7 % 38 34% 37% 33% 35 35 36% 36 30%

85 85*18% 19% •18 19 *18% 19% 18 18% *18 19 17% 13%*55 . . . . . . *55 *55 *55 *$s *55118% 119 117 118 115% 115% 113 114% 115 115 114% 115%144 144 1 41% 143 139% 142 139 140\ 140% 142 137% 141%

*8% 9 *8 9 7% 8% ‘ 9 1229 29 26 28% 25% 28% 24 26% 27% 28 - 29% 29

•% % *% % •% % •% % *% % '% %•8 15 •9 15 *9 15 *9 15 •9 15 *9 15-2 4** *2 4 *1% 4 •1 % 3 *2 4 •2 4

........ 134 134 134 129 130% 130 132 1128 .29%104 H O 106 106 i t 4 101 *104 109 104 104 '1 0 4 n o

69% 90% 89 80 86 88% 87% 89% 88% 88% 89% 90%5% 5% 5% 5% 5% 5% *5 6 *5% 6 *5% «

*18 20 n s 20 16 16 *15 19 15% 15% *16 18•15 10% 15% 15% 15% 15% 14% 15 15% 15% 15 15%,70% 70% 70% 7u% 69 69 16% 68% 68 68 '6 7 % 68%

117% 118% 115% 116% 113 115% 1137s 114% 114% 1 15% 115 116•97 S9 <97 99% *96 99 98% 98% 98 *96 9957% 58% 55% 57% 50% 51% 51% 54% 1)2% 551% 52% 5415% 15% 14% 14% 13% 15 13% 14 *13% 14 13 13%

i'20 122 118% 120 114 119 111% 116% 113 110% 114% 115'9 1 . . . . . . *90 •m 00 m *90 00 9 0 4

9 % 9 % '9 % 10% *9 % 10% »% 9 \ 10% 3% »%*25 35 *25 3,5 25 25 *23% 30 *23% 30 *23% 30

•8 10 8% 9 »% Hb 8 8% •«% 9% 9 %*17% 18 17 17 18 W 15% 15% 16 16 H 0 1729% 30 28 29% 25 2*> % 25% *27% *26% 27% 25% 8717% I ? 7- *15 19 *15 20 *15 SO *) 4 % 20 10 16

. . . . . . ......... 80%t o o 101 89% 100 95 99% 1)5% 97 99 99 90% 99%*13% 14% 13 U % !>7, 12% 10% 10 A a a % 12 12*57 59 *55 00 55% 55% *5*2 55 55 55*23 25 *21% 25% 20% 24 20% 20% *22 22 22 22 1

1 1% 11% 13% 14% 11% 13 11*. 12% 13 13% 12 13 V27 30 30 30 27 27 28% 26% *37% 28% 27 2722% 23% 21*8 23 2 Ob 22 20% 21% 20% 21V 20% ‘Mb j

13 13% 12% 127* 11 12% M 12% 12% 13 13% 1313% 12% 11% 12% n % 11% 12 12 11% l l \ a % a %i42 12 42 42b* 49 b 41 39% 40 40 i l 39 40

7b18% 18% U5% 17% 16% 10%

11% l ib 10% 1 0 % 7 % 10 7 8% 8 8% 8% 8%30 30% 27% 20 24% 27 19 25% 22% 23% 22 23*12% 15 *12% 15 *12% 15% 15% 14 14 *12 15*26 4*5 *27 45 *25 40 *'25 40 *25 50 *25 40*50 60 *60 60 52 55% 55 55 *45 5 5 *45 55

* ....... 11% 10% 10% * 1 1 * 10% 10*S% 9 8% 0 8% 8% § 8% *4 9 8% Sb14% 14% 14% 14% 13 14:% 13% 14% 13% 1 ) 9 13% 14%

'1 4 % 15% * 14 % 15% *44% 15% 14% 14% 14% 14 V *14% n*47 53 ‘ 46 53 48 b 48% 48 48 *46 49 47% 18

•2 % 2 % 12% 2% UH 2 b t‘> £% f'2% 2% 02 2%*15 Its *15 22 '1 5 IS 15 15 .......... ***** 14% 1 4 V

..............5 % ?, % •5 »% *5 5% & 5 *4 f» | 5% •*%*9b 10 9 0% 8 *7% 8% 9% 8% 1 8 8%*31% 3,5 •31 % 35 31% 31% 30% 30% *30 S5 30 30

*100 103 - t o o 103 •lOo 103 1*100 103 ’ l H0 103 1 101 101*un l o t 101 101 t o o 100 1*100 103 :H #0 103 j 104 l o t25 % 25% 25% 25% 24% 24% 24% 24% 1 84% 81%

*6% «% 0% 6% 8 6 5% 0 0% ! 0 *1*10 11 •10 t t 9 9 % [ 9% 0% *9 10 *9 10%.. . . . . . . . . . . 40 40 40 i« 40 40

*70 * 71 f I *70 *79s i 2 1 % 19 10% : 1 7 % 18% ‘ 18% 19% I 19% 20

7 7 •«% 8 0% u s I l6 7 7 7 7*7 a *7 n 7 b 7 7 7 7 1 *6% 715% 15% 15 15% 14 14% 13% 14% 13% 14% 13** 13’ *

*12 13 12 12 1 *1 1 % 13% 1 1 n % 11% 11% j 12 1343% 43% 4*3 4b 1 *42% 49 41% 4 5 % *40% 49 ! 2 9 \ 44*7% 8% 7 % 1 % 7 6% 0% ; ^ 7 j -«% 7

31% 31% 30 31 28% 30 28 30 28 30 28 2962 62 *61 63 | 62 55 % .57 56% 57 5 7 5780% 82 70% 80% 7 5 % 79% 74 7 7 7 .*.% 7 7 % 7 1 * 7 5 %80% 80% 78% 80 1 70 7 . 8 7 4 % 76 76% 76b 7 i \ 7 ;.%01 62 5 7 % 6 0 i m 57% 68 53% 59 m 51

82% 82% 83 8 3 - :m2% 8*2% *8261% 64% 6 i% 42% 53% 61% 56 53% 30% 52% 5 5 %*8 I t *7 1 *5 It -6 l l2 0 22 20 m \ 2* 21% 21% 22 *21 2.) 24 24

120% 120% *0 120% 5 2*» 120 120 121 12)1 120 120 12023% 24% 2-3 23% 23% 17% 21% 18% 19% 19 19%62% 65 a «* % 63% 51% 61 51% 58 1 6 % 35% 46 m*0% 19 b i u 14 f * 4 *5 9 9 10 10 10% 10%

*32 40 46 36 36 m 33 33 *32 40 *32 4 J28 % m Sf*% 24 28 24% 25% 25% 20 24% 25%

05 0 *%» 64% 59 62 5 h% 60% 00 61% 59 59%n § «% 8 6 7, 7 6% 7% «% 7 6 7* 1 0 20 HO 20 '1 0 20 *10 20 *10 20 *9 21

44 n % 1 s% 1 .% 9% 12% 10% ti % a U 1 1 11%*......... 58% 58 .58 67% 57% * 5 7 % 47 , 56 -A7

151 159 159% 160 154 159 150 152% 151% 156 15.8 1 6 0 .73 73 73 74 73 73 *71 72 7 0 70 61* 69 1

*14% 15% 12% u % 12 14% 12% 13% 12% 13% •3% 14*35 40 its 38 33 81 37 •33 m 3~ 3 * b 4478% 79% 7 7 % 78% 7 5 % 77% 7 4 *, 70% 7 0 % 77** 75% 7 7 .

STOCKS.Sales o f the Week.

Shares.A c t i v e B B , S t o c k s .

D oJoago i

DOmbm

Do

Do

D oD o

D o ft Erl!

Do

Doo o r l ;

D o

pref. Paul, pref. n . . . . . pref.

pref. t, L . . .

pref. A T ol, pref.

pref.

1st pref 2d pref

pref

'"pref:

p re f., tr. reefs u A Teams ....pref

{New York (Bile. * St. Louis .. D o 1st prefD o 2d p re f

Do pref

{New York New H av. A H art.{New Y ork A N orthern, p re f..

Range o f sales In 1893.

Lowest.

41.479490

1,2962.3554.355 5 ,050

17% July* 18 2 June 29

65% July 20 GO % July IS 43 July 19 95 Ju ly 19

8,405 13% July 13133

125,199 780 600

203,653 2,671

42,394

134 Ju ly 15 75% July l~ 58 Ju ly 19 92 June 29 53% Inly 18

108 J u ly 21 94 % July >9

122 135 Ju ly ft99,433

7,83012u5,59221,655

4',874 42,661

408,453

1,5003003,014

625135

1,3001,990

15,525260

51,4672,250

15,431145001U0

1,9101,240

24,63470200

18,0991,980413

2.260

Highest.

56% Ju ly 19 32 July 19

x l0 5 % Ju n e3 0 33% July 19 82% July 11 17% July 2160 June 2 "

113 July 19 134% M ay 13

9% J u ly 13 2 4 July D*

% July 3 10 June 3

2 July 7 12S Ju ly 21 104 July H

86 July 18 5% July 18

16 Ju iy IS 13% Ju ly 13 65% July 12 13 Ju ly 1‘2 9 4 June 29 50% Ju ly 18 13 Ju ly 21 19% June 5

111% J u ly 19 1)0 Ju ly 19

36% Jan, 16 5% Apr, 29

97% Jan. 24 90% Jan. 16 58% Jan. 16

132% Jan. 2126 Apr. 8

145% Feb. 1 103% Jan, 21

72% Jan. 25 105 Jan. 23

83% Jan. 23 126 Jan, 23 1 1 6 % Feb. 1 146 Jan. 20

89% Jan. 23 58% Feb. 9

121 Feb. 3 60% Jan. 23 98% Jan. 30 32% Jan. 19 73% Jan. 17

139 Jan. 27 156% Jan. 27

18% Jan. 21 57% Jan. 23

5% Feb. 4 35% Feb. 3 11% Feb. 3

152 Jan. 12 142% Fob. 7 104 Jan. 25

VI Jan, 25 37 Jan. 16 25% Jan. 14 82 Jan. 18

134% Apr. 8 118% Jau, 21 77% Jan. 2127 Jan. 14 27% Ian. 16

174% Jan. 13 108% Apr. 8

25 July l 8 J u ly 19

15% Ju ly 19 25 July lb16 M ay 10 80 July 12 95 Ju ly 18

»% July 18 55 July 20 20% J u ly IS 1 1% ju ly 18

1.070 26% July 19 22,530 19% June 16

'02% June 14 10 % May 5

7.823 11 Ju ly 18

D o new prefN orfolk A W estern_____ ____ _

D o prefNorthern P a c if ic .. . . . . . . . . . . . . 7,253

D o pref.Ohio A M iss iss ip p i..................Ohio S o u th e rn ...........................Oregon K 'y A N avigation On.Oregon M>. U rieA C ta b North Peoria D ee»*ur A Evansville.Philadelphia A R ead ing.........Pittsburg Clan. Chle. A St. L.

D o pref.R ic h .% W . P T e r ’ l , rr. r e e ls . !

Do pref.. tr. rentsR io © tan a* W estern ,. . . . . . . . .

Do pref.

9% Ju ly 19 || 19% Jan. 1449 Jan. 16 16 Jan. 25 28% Jau. 16 60 Jan, 21 35% Jau. 5 90 Apr. 18

111% Jan. 25 20 Jan. 17 78 Jan. 23 41 Apr. 5 26% Jan. 25 58 Jan. 24 62% Jau. 17

262% Jau. 18 38 Jan. 24 19% Jan. 20

DoS t Paul A Duluth.

Do

pref.

T e ia e A P a c ific ..........

Do

2,120 39 Juty 21 1173% Jan. 235o 6% June 5 9% Jan. 10

034 16** July 19 39% Jan. 237,253 7 July 19 18% Fel>. 14

32,753 1!) July 19 50% Feb. 6no 14 J tily 20 25 Feb. 1. . . . . . 23 May •<> 49 Jan . 25

250 50 May 15 84% Jan. 231*29 10% July 6 25 Jan. 16

l ,i 95 8 July 19 18% Jan. 2138,885 13 June 84 53% Jan. 25

300 I t June 7 2lb Jan. 2440u 17% July 21 02 Jau. 24

4,69% n June 8 II 12 Feb. 3200 1 l * July 21 it 43 Fob. 6

10 Mar. 16 22 Jau. 2560 M ur. 17 62 % Jan. 28235 h Juno 28 7% Jan. 18

1,84) 8 July 18 15 J an. 13310 30 June 28 4 7 % Jan. 18207 14)0 May 5 108 Jan. 303H1U00 July 18 a«% Fob. 14

1 ,**50 24% Ju ly 2< 35% Jan. 162 ,921 5 b June 29 11 Jan. 19

28.) 1 7 * Ma y 2 ) 40% Jan. 3110 40 May 15 50 Jan, 17

pref.

p re f............... . 73 June 21

W abash..........................................D o pref

W heeling A Lake E r i e . . . . . . . .D o pref

W isconsin Central C o ..............11 t s e e l l a n e o u s s t o c k * .

A m erican Cotton Oil C o......... 9 .170 28 July 12D o pref 2.417*4 55 July 18

85 Jan. 7 42% Jan. 27 18% Jan. 10 12% Feb. 9

420 6% Juty 181 ,0 ,0 - 7 July 186.91(1 13% July 18 26% Feb. 7 1,110! 10% May I 23% Jan, 17

«!Wj 40 July 13 67% Jan. 17 972 6% July IS 15% Jan. 23

D oA m erican T ob a cco C o .............

Dii pref.

May 5 pre f. 5 ,064 68 May* 5

4 -91 53 Ju ly 2 i 478 82% July 19

, Colorado Fuel A D on ______ _ —120 120 iGosaoltdated Ua« G o ................ : 2 ,250

‘ 44,793, 107,36)

750;Do pref.

General E leotrlo C o .

DoNorth A m erican tx>.

pref.

......... ) i l July 131,953 20 July 13' ' 112 May 5

13 May 2246 July 21

716': 33 July la 9 817 24 July Vi 6.28 1 0014 July IM 6.IU2 6 July 21

51*4 Mar. 3 84 Feb. 14

134=% Feb. 6 104% Jan. 19 121 Jan. 3 110*4 .Ian. 3

94*9 Jan. 21 25% Feb. 7 72 Feb. 14

144 Jau. 20 66% Jau. 3

114 *4 Jan. 167% J u ly 7 fi s 47 Feb. 10

1.18% slan. 20 52% Jan. 21 96 Jan. 20 l i % Mac. 29

'* ■»r•»+ |United Staten Rubber Co „ . . . 1«.. . r»pa.

10 June 23 11 % Fel). 37,366 9 a July 18 27 *, Jau 25,900! 52% Jan. 18 70% Apr. 82,09b U 50 July 19 206 A nr. 12

30.00-> 62 June <9 84b Jau, 140,4 U 12 J ine * 3 %• 1 il II i*i.

‘ 0 J .11*3 0 • o2 t ao. *)1.370 32b Ju l. 2i 00N M-1

93,686; 74 * July l*J 1 . 0

•These are bid am i a sk ed ; no sale m ade. s F .c d iv , ?! Old certs. i First Instalm ent paid. • Low est I* * * dividend.

136 THE CHRONICLE |Vol. LV1I,

NEW YORK STOCK EXCHANGE PRICES (Continneil)-ZiYACr/ra STOCKS. (% Indicates actual sales.J

July 21. Range (sales) in 1893. |

1J Indicates unlisted. Bid. Ask. Lowest. Highest.

July 21.

B id. Ask.

14514

15525

222979

Tsi.140

513

5111514

3*2612

K a l l r o a d S to c k s *A lb a n y & Susquehanna..............100B ellev ille «fc South. III. p re f.......100Boston & N. Y . A ir L ine p r e f . .100B rooklyn E levated H................... 100Buffalo R ochester A P ittsburg . 100

P referred .......................................100Burl. Cedar Rapids & Nor......... 100Central P a cific ................................ 100Cleveland & P ittsbu rg ................ 50D es M oines & F ort D od ge--------100

P referred ......................................3 00Duluth 80. Shore & A tlantic 11.100

Preferred 11...................................100F lin t & Pere M arquette...............100

P referred .......................................100G eorgia Pacific IT .........................100Gr. Bay Win. & S t P. t r .r e c . . . . l 0 0

P referred trust ree fs ................100H ouston & T exas C entra l......... 100Illinois Central leased lines— 3 00K anaw ha & M ich igan..................100K eokuk & D es M oines.................100

P referred ..................... 100Louisv. E vansv . & St. L. C ons. 100

P referred ...................................... 100M ahoning C oal............................... 50

P referred ...................................... 50M exican N ational..........................100M inneapolis A St L. tr. re c ’ ts .100 *

Prefer red t r. 1 ec ’ ts................... 100M orris & E ssex .............................. 50N. Y. Lack. «k W estern................100N orfolk A Southern...................... 100 49Peoria & E astern ...........................300 4P itts. Ft. W ayne & C h icago— 100 J144P itts. & W estern p f ...................... 50 33Rensselaer & S a ia toga ............... 100 150Borne W a tA Ogdenst.urgh — 300 104 St. Louis AI100 & Ter U n ite ...lO o 28

165

10

95*23»s

8205*4

5856*2

16

17

30

57837

16510735

156 Jan.

98 May 30^1 May 29 July 76 May 45 Ju ly 18 July

146 June 6 M ay

22 Feb.5 July

13*« Juiy 15*4 Ju ly 59*8 June

6 July 11 June

3 June 86 June 11 M ay

3 0 July 2 1 *4 June 47*a Feb.

100 Mur. 105 M ay

9 *i" J u ly 25 July

3 40 Ju ly 112 Mar.

50 June4 M ay

144 July3 0 M ay

165 June 105 July

29 M ay

165*4 Feb.

102 *i Jan. 41*4 Jan. 37 Jan. 863a Jan. 65 Jan. 2 9 Jan.

157*« Jan. 9 ^ Jan.

24 Mar 14*4 Jan. 32 Jan. 23 Jan. 77*2 Jan.

14 ix Jan. 297e Jan.

7*2 Mar. 91 Feb. 14*2 Jan.

28 Apr. 27 Mar. 49 Jan.

300 Mar. 105 May

3 6 Apr. 32*4 May

163 M ar. 114 Jan.

60 Feb. Jan.

156 Feb. 42*2 Apr.

179 Feb. 112*2 Jan.

37*2 May

I n ACTIVE 8TOCK8. 1T Ind icates unlisted.

T oledo St. L. & Kansas City UVirginia M idland..........................100

I?ll»<‘e ) )a i ic o u t » S t o c k * .Adam s E xp ress............................. 3 00Am erican Bank N ote Co 1T................A m erican E xp ress ....................... 100Am er. Telegraph & Cable......... 100Brunswick C om pany...................100Chic. June R y. & Stock Y ards. 100

P r e fe r r e d .. . . .............................. 100Citizens’ Gas o f B rook lyn ......... 100Colorado Fuel & Iron, p re f........ 100Columbus «fc H ock ing C o a l.........100Com m ercial C able......................... 100Consol. Coal o f M aryland.......... 100Edison E lectr ic Illu m in ating ... 1 OuInterior Conduit & Ins. C o .........10<Laclede G as ..................................... 100i P referred .......................................100ILehigb <fe W ilkesbarre Coal UI Maryland * o a l ................................ 100■M ichigan-Peninsular Car C o .. . 100| P referred .......................................ICOM innesota I ro n .............................. 100National Linsred Oil C o .............. 100National Starch Mfg. C o ............. 100New Central C oal........................... 100Ontario S ilver M ining..................100Pennsylvania C oal........................ 50P. Loriilard Co p re f..................... 100Postal Telegraph—Cable IT___Pullman P alace Car r ig h ts .. .

(Quicksilver M in ing....................... 100' P referred ...................................... 100Texas P acific Land T ru st.......... 100U. 8. E xp ress .................................. 100U- S. R ubber p re ferred ............... 100|Wells. Fargo E x p re s s ................. 100

U 43 47

11(9 77 *2

3

9 9 7e

24

t 32*2 50

19

77

250

: 5 5: 69 J140

R ange (sales) tn 1893.

Lowest.

150*8 Mar. 14 M ay

8 M ay

140 June50

10934 105 June

Highest.

785*2

30

33*260

6019*2

10300

2%

77*2 July 4 Juue

80 May 933j Jan. 9 9 7e July 80 June

7 July 180 Feb.

26 M ay 99 J u ly 41 Juue 12*2 July 55 J u ly 25 J «n . 22 Mar. 97 M ay 85 Ju ly 64 M af. 19 Ju ly

6 Ju ly7 Ju ly 9 July

260 June

82 Feb. 13*2 May

2 Mar. 12 Mar.

9 M ay 51 June 69 M ay

140 Jan.

150*8 Mar 14 M ay 17 Jan.

160 Jan .

120*4 Feb. 92*« Feb.

9*4 Apr.108 Jan.

933» Jan.109 Jan. 111*2 Jan.

2&3a Jan- 185 Mar.

31 Jan. 131 Feb.

71 Jan. 26 Jan. 743* F eb . 25 Jan. 29 A p r.

106*8 Jan . 10078 Jan .

69*2 Jan . 41 Jan. 34 % J an 1 1 78 Jan.19 A pr,

300 M ar

83 *2*Feb. 163i M ay 3*2 Feb.

20 Feb. 13*2 Feb. 70*2 Jan. 99 Jan,

150 A pr.* N o price F r id a y ; latest p rice this week. t A ctua l sales.

NEW YORK STOCK EXCHANGE PRICES.—S T A T E BONDS J U L Y 21.

SECU RITIES. Bid. Ask. SECURITIES. B id. Ask. SECU RITIES. Bid. Ask.A labam a—ClasB A , 4 to 5 ........1906

Class B . 5 s ................................1906Class C, 4 s ................................. 1906C uirency funding 4 s ............. 1920

Arkansas—6a, fund,H oi. 1899-1900 do. N 'm -H olford

7s, Arkansas Central K R .............

100103

91

2120

2108

9599

103108

9592

190

New Y ork—68, loa n .................. 1893N orth Carolina—6s, o l d ........... J&J

Funding a c t ............................. 1900N ew bonds, J & J ......... 1892 1898Chatham R E ....................................Special tax , Class I ........................C onsolidated 4 s ......................19106 s ................................................. 1919

100301015

11

93

43

100124

2*«

S.C. (con t.l—B row n consol.6s.1893Tennessee bs, o ld ......... 1892-1898

C om prom ise, 3 4 -5 -6 s ........... 1912New settlem ent, 6 s ...............19135 s .......................... ........................19133 s ..................................................1913

V irgin ia—68. o l d ................................

6070

1009568*s

50

3

1079770

4Stam ped 4 s .........................................

M issouri -F u n d ............... 1894-1895Rhode Island—6s, cou .. 1893-1894 South Carolina—6s, non-fund.1888

1001

6s, consolidated , 2d series ,rects . 6s, d eferred t’st reo ’ts. stam ped.

*.Vew York City Bank Statement for the week ending June 10. 1893. is as follows. W e om it two ciphers (00) in all cases.

Ba n k s . (00b omitted.) Capital Surplus Loans. 1 Specie. Legals. Deposits.

Bank of New York.Manhattan Co..........Merchants’ ...............Mechanics’ ...............America....................Phenix.......................City.............................Tradesmen’s.............Chemical...................Merchants’ E xch ’ge Gallatin National... Butchers'* Drov’rs Mechanics’ & Trad’sGreeDwith...............Leather Vannfac’ra Seventh National... State of New York. * merican Exch’ge..Commerce.................Broadway.................Mercantile................Pacific........................Republic................Chatham...................People’s.....................North America___H anover..................Irv in g .......................Citizens’ ....................N assail......................M a rk et* F u lton ...St. Nicholas.............Shoe & Leather.......Corn Exchange.......Continental..............Oriental....................Importers* <fc Trad’sPark...........................Bast R iver...............Fourth National___Central National___Second National___Ninth National.......First National.......Third National____N .Y. N at ExchangeBowery.......... .........New York County.. G arm an - A m e ri can..Chase National.......F ifih Avenue...........German Exchange..Germania.................United Slates..........Lincoln......................Gartieid........... ..........F ifth National __Rank of the MetropW est Side................Seahoatd ___Sixth National.......Western National.. First Nat., Br’klyn. Southern National..

2,i$00,»2.050.0 2,000,0 2fo(io,03.000, <1.000. 0 l,t 00,.

750.0300.0 6< 0,0

1,000,0300.0 400, < 20* ,0600.0300.0

1.200.05.000. 05.000. 01.000. 0 1,000, (

422,71.500.0

450.0200.0700.0

1 000,0500.0600,u500.0750.0601.0 5t*0,0

1,000,(1.000. 0

300.01.500.02.000, *

250.0 3,2t 0,o 2,000,0

3oO,*760.0500.0

1,000,0300.0250.0200.0 750,! 600,0 100,0200.0200.0 600,0300.0200.0 200,0 3i 0,0 200,0 60C.I 200.0

2.100.0 300,0

1,000,0

$2.007.21.860.31.013.02.126.72.257.1

470.32.135.7

205.07.221.4

106.0 1,51*0,3

310.3441.1 172,!570.2 12t,b 50 8,2

2,27k,!3.664.31.614.1 1,13 ,4

4,* 9,0943.0 92 6,7335.0638.3

1,805,.3 8,8471.2208.1824.5 151,9 277,»

1.283,f271.4431.7

5.706.3 3,(-04,1

144.0 2,022,6

60 6,1 53 i,7346.8

7,23c,!180.2166.8646.4559.6317.3

1.108.7 9*4,1699.2669.2 6*3,5438.6481.1 3)8,5 733,v206.2234.2 86i ,0280.2842.4 182,0

$11,200.012.677.0

c, 277,4 8,17-sO

14.459.13.635.0

14.489.6 2,3* 2,6

23.350.03.443.1 5,39 1,71.687.62.513.01.200.6 3,101,9 1,692, a3.305.2

16.753.018.316.1

6.004.67.183.6 2,908,*9.689.86.148.81.999.7 5,151.-

13,002,42.675.02.684.32.670.44.170.12.201.1 2,688,07.858.23.604.8 1,9) 2,1

20.540..21.053.7

1.097.716.389..

7.095.05.0. '7,03.066.3

20,502,35,0:0,61.4 90,22.960.0 3,190,» 2.5rl,7

10,986,05.481.72.858.12.816.44.852.85.265.84.. -16,9 1,861,0 5,' 00,02.290.03.784.01.711.08.525.64.577.62.953.5

S1.770.01.342.1

828,3 70 ,0

1,448,7 476,(

6.043.1 3U3.4

4,250,(463.2744.7239.0217.0132.3 390,.252.3

57,81,016,01,525,91.016.3

772.8153.1

1.621.1 828,0169.1656.7

3.6.17.3371.7 350, v246.9471.2191.3345.0

1,049,6983.5 177,!

4.253.06.018.5

9c,53.608.1

013.0834.0435.0

1,4 55,21.107.5

00,4618.0760.0311.6

3.220.1988.7163.3332.7

1.339.8679.8

1.183.5276.4855.0413.0559.0276.0

2.172.51.160.8

255.5

9$40,02.480.0 1,3*2,1

903.0 1,979,(

664.01.981.0

301.52.097.0

823.2574.3301.3385.0 158,*242.3164.1405.4

1,234,!. 1,569..'

476.8 643 / 610,0

1,082.5698.6 398,-423.5

1.2. 2,i333.9 417,8440.0 360,4389.2574.0837.0 481J504.7

3.398.02.191.0

242.3704.0907.0724.0829.0

2.837.1263.4 226,2392.0

87,4365,h

1.082.1698.2604.5354.8471.5

1,208.3442.6292.6796.0298.0617.0192.0 687,*237.8300.2

$9.860.0

13.578.08.284.26.244.0

13.700.2 3, *28,0

I0,?8o,32,461,6

21.953.03.902.34.591.51.832.02.605.01.138.42.532.61.739.22.463.6

12.121.011.003.8

4,39<*,66.507.5 3,383,9

10.434.26.237.2 2,>87.24.745.3

14.524.9 2,54 8,ii2.975.82.871.54.151.02.340.43.193.07.470.34.369.41.970.0

22.141.025.145.0

909,215.640.3

7.493.06.977.0 3,63-,5

17,701.56.239.01.360.3 3,2 65,03.553.52.390.8

13,24 5.06.157.63.224.93.295.9 5 , 46.393.35.201.62.046.06.060.52.520.04.273.01.574.08.098.54.846.02.258.9

Total____ . . . __ hi. 499 n 71.594 .S 414.4! 0,2 69.529.3 49,623,0 418,925,6>tax.-Jiu addled at tement b»a teen ismed nee June i<x

New York City, Boston and Philadelphia Hanks:

Ba n k s .C ap ita l ASwplus. Loans. Specie, j Legals. Deposits, t Circ'Vn Clearings.

N. Y o r k .*Jnne17----

“ 2 4 .... “ 1 ... .

July 8 ... .“ 1 5 ....

P o t io n .* July 1 ...

” 8 ...“ 1 5 ....

P h ila .*July 1----

“ 8 ... . “ 15 ...1

S132.017.5 132,U17,5 : 32,017,6132.017.5132.017.564.642.964.642.9 64,642,135.793.735.793.735.793.7

$410,700.4 405,006,1 4:3,650,4 * 1 >,685,9413.493.8149.048.9 149,615,7148.661.9

103.011.0102.758.0

$ $ 68,218,4 42,lb2,565.923.2 39,074,862.986.3 37,7 50,2 61.703,7 32,884,1 62,268,9 32,005,5

6.552.0 5,843,5 6,377,8 5,446,96.687.0 5,946,9

25.195.025.377.024.862.0

$406,536,4 39>,064,1 397,97 9,1 398,670,3 394,174,0126.347.7 123,67*,5126.044.8

98,237,( 96,9 4,0 S7,376,uJ

$5,650,55.553.45.618.45.719.35.896.36.319.46.367.46.638.53.675.03.699.0 3,78 i,0

9619,509,6566.202.1 616,1:0,4 550,827,3561.019.2

80,668,094.319.6 86,819,264 258,469.452.764.262.7

* O'e omit two ciphers in alt these figures, t Including, for Boston and P u ll, de’.pbia, tbe item ** due to other banks.”

Miscellaneous aud Unlisted Bonds.—Stock Ex. prices.M is ce lla n e o u s Bond**.

Ch, JiHi.& S. Yds.—Col.t.g ,5s M is ce lla n e o u s B onds.People’s Gas & C .l 1st g. 6s.( dorado Fuel—Gen. 6s.......... Co., Chicago__ 5 -d g. 6s. 90 b.Col. & Hock. Coal «fc l .—6s, g. 95 a. Pleas. Valley C oal-1st g. 6s.Consol'ii C*-al—Convert. 6 s ... * 98 b. Pr cter & Gamble— l« t g. 6s *103*aa.Cons. Das Co .Chic.—lsi gu.5s 78^a. Sunday Creek C« al l s t g 6s..

Denv. C. W atW ks.—Geu.g.os Western Union Teieg.— '109 b.Det. Gas cou. 1st 5s................. W heel.L E&P.Coal 1st g 5s * 68 b.East R iver oas 1st g. 5s........ 8634b. L ii lim ed B ond*.Edison Elec. 111. C o.—1st 5s . 10J b. Ala. <fe Vicks.—Consol. 5s, g.Equitable G. & F.— 1st 6s___ Vicks. & Merid i s i 6s .......Hendersou Bridge —1 si g. 6s. *100 b. A i lania Chari.— 1st 7s___ 113 b.Hoboken Land & Im p.—g. 5s Comstock Tunnel—Inc. 4s.. 12 a.Mich.-Penin. Car 1st 5s, g __Mutual Union Teleg.—6s. a..

lo o a. Geo. Pac—1st Hs e. c t fs ........ 91 b.105 b.

National Starch Mfg.—istSs. 92 a. Consol. 5s, g. c t f s .............. 39 b.N ortlnvestern T-degraph—7s. 110 a Income 5s. c t fs .................... ll*ab.Peoria Water Co.—6s. s ....... 100 1.. Mem.«feChariest >n—Con. 7 gNotf.—“ o” indicates price o ia ; “ a ” price asked. * Latest prioe this week

Bank Stock List.—Latest prices of bank stocks this week,BAiNKS. Bill. Aek. -BA.N a s . Bid. A sk. BANK. 8. Bid. Ask

205 3C8Am. E xch ... 150 Garfield........ 400 N.Y. Nat.e ! 120

116 127250 262 19 th Ward. 175Butchs’&Dr. 180 2U0 Germania__ N. America. 16» 175

125 135 150 247400 340 1764 00 153 305”4000 4800 575 630400 150 170 115 130

Citizens’ ....... 162 Leather Mfs’ 240270 450 175

Commerce... 185 Manhattan.. 178 190 Seaboard. . . 173Continental. 128 137 M arket* Ful 240 Second......... 3u0264 265 195Deposit........ ...... M’chs’ &Tra’ 175 Shoe* Le’ th 145

145 220 1252000 137 112

Fifth............. 450 475First.......... 2500 Mt. M orris.. Tradesm’n’s 107First N., 8 .1. 110

160 109Font**— *175 200 New Y ork ... 238 West- s<de._

July 22, 1893.] THE CHRONICLE. 137BOSTOX, PHILADELPHIA A>D BALTIMORE STOCK EXCHANGES.

Active Stocks.1 1ndicates unlisted.

n r S h a r e P r i c e s — n o t P e r C e n t u m P r i c e s .

Saturday, I M onday,July 15. July 17.

A ieb . T . * 8. P e (Boston) . 100 A tU ntie A P ac. “ 100B altim ore A Ohio (Baa. ) . ! 00

1st pre erred “ 1002d preferred “ 10O

B u u m o re ‘Yrdti'xsJPhU.). 25 Boston * A lbany i Boston). 100 B oston A L ow ell " 100B oston A Maine “ 100Central o f Mass. " 100

Preferred “ 100C bic.Bor.A Q aJn. “ 100Chic. MIL A St. P . (Phil.). 100 Clile. A W. M ieb. (BasUm). 100 Cleve. & Csanton “ 100

P referred___ “ 100Fitchburg p ref. " 100H unt. A Bt.lop.fPhila ). 50

P re ‘ erred “ 50Lehigh V alley •' 50Maine Central (Boston), 100 M etropolitan Trhe.fPhU) . 1 oo M exican Cent’ /f . B oston ;. 100 N. V . A K .S n g . •• 100

P referred___ “ 100N orthern Central (Ball. ) . 50 N orthern P acific (Phila.j.100

Preferred •• 100O ld C olony----- (Boston),100P en n sy lva n ia .. (Philo.). 50 Phlladei. A Erie. “ 50P h il*. A R eading “ 50PaBadelphiaTrae. “ 50Sum mit Branch (Boston), 50 Union Pacino “ 100V elted C oe .ot N .J .lP k iia jlO O W ei ternN .Y .A P a/ P h ilo ./. 100

M le :e i l s u e < -u a a t i ic fc s .Am . 3 stg'rHe&n.l (B oston )___

P referred ......... “B ell T e lep h on e .. *• 100B est. A M ontana “ 25B utte t B oston .. •* 25Calumet A H eels “ 25Canton Co . . . (Ball.). 100 Consolidated © as •• 100E rie le iepoou e (Boston). 100 G eneral E lectric .. " 100

P referred............ “ 100Lamwm Store 8er. “ 60Leht’ h CoalANav 'Phil., 50 •VKi.g T elephone! Bnsfn/lOO Sank A m erican . (PhU.).lOO V. eat Bud Land. (Bost’n)__

* RM s* f*A **»|tmj* **

20%20*2*07%

'..........IIS20 '. 0 205 205......... 183.5 6 158

i3 i« l a 's

813s 82% 60% 61%

7a1379

39% 39%

95% 66% 6% 6%

23 23%■ 15 GO•II 11%*20% 30% 178 178

50 50%

***7% '" 7 %63 63

21% 2 i%226 ..........

*4 3%

80% 92 a t 81

130 1*017% 18

5% 5%271 271......... 70

51% 51% 42 63

*60 ‘ 15%

19% 20% *2 2% 6S 68

i i a " m19% 19%

' ..........2061......... 183158 158*13 ____

80% 81% 38% 60%

*1278

1379

5039%12093622%

*556710%27%

17740%

5039%

93%622%006710%29%

17850

Tuesday, W ednesday, Thursday, July 18. | July 19 Ju ly 2d.

17% 19%*2 2% 68 68

'.‘"III US17% 19%

201 205’ ......... 183156 158

13 .......

17% 18%2 2 ........ 70

75% 72% 53% 57% 29 29

........11817 17%200 202

132 182156 156% •13 13%......... 5ll

75% 79% 51 55%

•1277

1378

.......... 35

......... 50% ,38% 39%,

......... 1375 77

89 91%,5% 6

20% 71%45 50 !

7%82

4264%

7%12%

SO55

7%12%

7%80*5 ..........20 20%

225% 225% 4 4%

79% 80%79% 81

175 18016% 17%

5% 5%2 7 0 270

87s 10 [ 28 27

176 177 |48% 49%

7 7 78

*54% 51% 41 42629 016

62%9216

19 19%’ ..........225%

4 4

75 79%;76% 79

175% 170 15 16%

5% 5%280 2 60 f.......... 70

3 *% 54% 40% 41 37% 60%

407, 411%*.......... 55

7 7%12% 12% m ate

49% 49%.......... 55 *

50 3037% 38%

‘ ..............l iO88 89

5% 5%2o% 21 44 48*66% .....

7% 8%18% 25%

176 176%48% 49

* ' 6 % " 7 % 77 77%•5 ..........17% 1 8 ,

224% 224% 4 4

75 7 6 7*75% 76%

175% l*. ti 16% 16%

3% 5%219 259

63% 54% 42 55 90 15%

54*41529015

12 12

49% 49%....... 55

7% 7%12% 12%

18% 18%

* 6 4 " *70

■""" iYs18 19

201 203182 182 156 157

' ......... 14%

77% 7 8 7g 56% 57

75 7.

49%37%

11869%*5%20%

*47*60%822%

176%48%

135

34%5038

1189o%6

21%50

8% 23%

170 4 49%

7 7%82 82% *5 .....18% l « s .

..........221 %-J 's 4%

75% 77 76% 76%

173 17610% 17•5% 5%

260 260 62%

54*11479015

54%42556015%

49% 40% 35 85•6% 7%12% 12%

Friday, J u ly 21.

17% 18%

*67** **7*6*‘ 130 ........115 118

13% 19 201% 202%145

13156

13 50

76% 78% 54% 56%

......... 1375 75

*50** **5*6* 34% 37%

Sales o f the W eek,

Shares.

52,67260066

***Y63,096'

30936

49695

R ange o f sales in 1893.

L ow est.

40,165C l,5 5o

o

90 90%5% 020% 22%

*46 . . . .‘ 67 688% 8% 22% 23

177 17748% 49%

"*6 % * 7 % ; 82 82%*5 ..........19% 19%

224% 224% 4 4

71% 75%74 7 6 I

172 17510% 17 *5% 5%

255 263 •00 0534% 5 l% 41 414 7 50

*70 .......15 1549% 49%

' .......... 55

441

**59*56,905

103.8001,4352.720

1851110,12513,529

1969,310

19,88*41,642

12 12%

4 ,93?25

880

32.2502,429

915,007

4 ?0189

2039,500

341321512480880

63135112

17200170145

1346

17% Ju ly 182 June 30

June 6 Feb. 13 J u ly 1 J u ly 19 June 29 M ay 10 J u ly 21 June 24 Jan. 3

75% Ju ly 18 5 3 % .)u ]y 13 28 M ay 29

3 Ju ly 5 13 Slay 11 75 Ju ly 19 33% Feb. 21 49 Feb. 21 34% July 21

U S J u ly 20 8S July 19

5 .1 une 2919% June 16 44 July 19 67 Ju ly 17

7% Ju ly 19 18% July 19

176 Ju ly 18 48% Ju ly 18 24 M ay 12

6% June 23 77 Ju ly 18

5 Ju ly 11 17% Ju ly 19

222% June 234 May 31

Highest.

6970 172 15

5% 2 55

65 54 40 •17 80 15 44% 54%

711%

M ay 5 May 5 Ju ly 21 July le J u ly 12 July 21 M ay 22 Juno 8 Juue 27 July 20 May 23 July 11 July 20 July 7 July 17 Juue 29

36% Jan. 1 6 4% Jan. 14

97% Jan. 27 135 Feb. 13 122 Jail. 18

29% Jan. 24 227 Feb. 6 200 Feb. 6 178 Jan. 26

22% Feb. 14 62% Feb. 14

103% Jan. 21 83% Jan. 23 49% Feb. 3

6 Feb. 3 19% Feb. 3 95 Feb. 6 40% Jan. 12 56 Jan. 9 62 Jan. 27

130 Feb. 6 150% Jan. 28 13 Jan. 16 52 Jan. 17

102 Jan. 13 70% Jan. 23 18% Feb. 6 50% Feb. 6

221 Feb. 6 55% Jan . 27 35 Jan. 16 267s Jan. 2

142% Feb. 8 9% A pr. 12

42% Jan. 27 232% Mar 13

7% Jan. 24

1 3 4 % F e b . 6 104% Jan. 19 212 Jan. 27

34=8 Jan. 16 12 Jan. 17

320 Jan. 21 72% Jau. 18 65 A pr. 10 50% Jan. 16

114% Jan. 16 119 Jan. 18

26% Feb. 20 54% Feb. 2 61% Jan. 20 11% Jau . 23 18 Jan. 4

Bid. Ask.100 ' ..........112 1114

10165*8 65%25 •*. 2017 Hi 1813% 13%

102125

102. . . - a 95

98113 115%

107% 1*0*8104 3* ii ■102 ........

110% 112

W996 *v 97%. . . . . . . . S '

Iw2 102%9089

......... 89

97 9891 92

110% i n111 i n107 108%

103% 107%

In a c t iv e a i o c m . BIO. A M . I n a c t iv e s to c k s . Bid. Ask. B o n d s ,Prices of July 21

A slants A C h a riu u . Bait. } . 100 Boston A P rovidence /Boston* 100Camden A A ta o tlc p f. iPhUss.). 50 C staw lssa........................ '• 50

1st preferred ......... “ 50Sd preferred ............ ** 50

C *ntt*l O h io ,.. . . . . . . (B a ft ) . SOSChari. Cob A A uguste " 100CVcneytleot A Pom, UtosUmi. XOOi Connecticut R iv e r ,. . ** 100Jj sla ware A B ound S r . / Philo,), 1061 F lin t A P ert .Marti... iSesfon) . lo o j

P re ferred ... ............ “ HidH :«»Bort«..M fcJo)<s L„ \Phtia.). SO: K sn. C y F t .» .A M e m .iB o * io « i.lO O

P referred ....................... “ l o oK , City Mein. A idrtn . ** 1001,181® & eh u j!k lii.. . . . (Philo,), 50 M wwheater A L a w .. (Boston),looM aryland C entral___ (B aft) SoMine H ill A 8. B a ir n {Philo./. So> 'saranebeniug V a L ... “ 3 0Northern N. B .............(Boston/. 10ONorth P ennsylvania. IPhilo,/. SO. Oregon Stum Line. ..rJsM fon ;. 100; Pennsylvania A N, w . tPhtm,/ soR utland ...................... liiosnm i. 100

P re fe r re d .,, ........... l o o8 ‘ aboard A R oan oke. (Balt,I loo

1st pre ferred .___ . . . •* lo o :WeetJfcnrt.....................(B oston ). bo

P referred ._____ . . . . ** s oWest J e r s e y . . . .___ _ ip/uus./. 30West Jersey A A llan . - 50Western M ary lan d.. (Balt/. SO WUm. Cel. A A ugusta '* looW tinjingCoA W eldon " l o oW isconsin C entra l. . (Bottom, Urn

P referred .,............... l o oWoro’st-Nasb.Atfuch. “ lO o

MlecatXaaatiOs.A ilonet M inin*........ (Boston i . 2 ‘<A tlantic M inin*........ . •• 25City Passenger R K .. . (BcUL). 25 Bay .state © a s .. . . . . . /Boston). 50Boston L a n d .. . ......... •• l oCentennial M in in * ... « l oBitt W ayne E ie c tr ie l “ 2 5 !Frankdn M in in*........ <■ 25F?en<shm‘ o '»B n y L !» d " §H a res M inin*............. "I Unois Steel ................. ** i t* ;K *ar«»r*e M ining___ •• 25U l t r a Canal su er. 4 . (PAifa.1 .100

Preferred guar. 10 “ 10Opie**,la M ln in t...........(Boston). SOP iB m an Palace C ar.. '• 100% tinny M inin*............ « 23T>asnraok M inin*___ •* 2 5 ‘Thom ,B tifop .E .M eldf « 100United C*a* Im pt. (Phil./............W ntnr F«xiiri»r „ .. * **•*-■*> •• ’ *w»

. . . . . . m n. . . . . . 250

20 1 %5

Wm i Iiik . E lectric (Boft&n). 50 . . . . . . 20

t o . . . . . .. . . . . i 50

A t.T 0p.acj5. jP.^So-): r. 4 J A J I) 7 4 752d 2H- i *, f A .A 989, A AO J 35 . . . . . .

Burl. A Mo. H ifer Exe apt 6M A .J .. . — L . . . . ,t>*.___ . . . JSzJ .123 ' -------

P ia lo 4 * ............. ........ . . .I9 1 0 .J A J .. ..

mort. fj* — . . . . . . . i y i j a t>. . . . . . ala. I 1 M s l * i K

99

122 D ebenture d*...............l?l.ui, JJd i , ......... 100

47 . . . . . .7 « i ........

o i ; o s

‘ w *51%

Chic, hurl A tlu ln cy 4s .1922,P A A ' ...................losra Division 4 « ____1919, A A O :{ s7 ---------

■ ......'. « :. V,. 1921, JAD '> .......■ S3ICOB.ol. o f Verm ont, 5*. 191 3 , JAJ , .........: 92( urretil R iver, l « t , 5 » ..1# 2 “ , A A O if..........: ..........Dtd, Lana.A Nor’ n M. ? » . 1807, J A J i f ......... ’ ..........1 M icro l e t snort 6 * ,.. 1906, Ma ? f 1 i 5 I ree.Eik. A M . V .,ls t,6 e .l9 3 3 . A AO '1117 118

Unetamp^d 1st, 6 « , . . . l 0 3 3 , A A O ^ ,K.C. C.A S p«1n * .,l«t ,5 it.,l9 25 ,A A O :}.....................K I’ . P .8 .A M . o r , . 1928, M4.N I........ ' 96K.C. M em. A Blr.,1 •t,5s,HrJ7, MAS l ........ 40K.C, 8 t. Jo. A C. B ., 7 e ., 1907, JAJ *

80 i ........8 Jo

**7*i% *7*5*

75 ............. .1 56

•40 ‘50

L. R oc* A Pi. 8 .. 1 st.7 » ..1 9 0 5 ,J A J lit .......5 s9laiu »..L v.ABl L., 1*1,6* 1926,AAO } ........ .........

..........Mar. H. A Out., 6 s ........1023, A A O (,103 . . . .

Eaten. 6 e ...................... 1923, J A fi . . . . . . . .M n ica n C en tra l.4 * . .1911. JA.I i ?

9 % .1 s teon so l.in oom c* .? *, uod-cuu,. [ Ii\ 2d consol. Incom e*. 3s. Utin-cuiu. ’ ......... . ,

N. V. A 5.1.11*,, 1st, 7s, 1005, JAJ *112 ! .......le t m ori. 6 « .................. 1905, JAJ ,H i4 ____2d w o n . 6 s .................. 1902. FA.A » » « % 07

; OKdcti. A L .C .,C < in .6s...lB 20.A A O f ........ 102fnt:.6e..................................... 19*20 7........... .......

Rutland, 1 st, 6 ’ ............ 1002 MAN i ......... 1052d. 5 «..............................1 89 8 ,PAA !* .....................

63**1%

6%

2%

104 1051 0 1 % ........109 ................. 115113 ........

123* .*"!.*

9%4

7 ? 1*..........'187

22 : 23 H O H 6%

5*28** i 130

< io i a. I

B o n d * Pi Hl aael rh iaAUegUcay VaL, 7 9 1 os, Ibuo, JAJ A tlantic City 1st o s , 1810, MAN B elv idere Del., 1 s t ,6 s ., 1902, JA B Catawieea, >1.. 7 s .. . . . .1 9 0 0 , PAACtearSeid A Jed .. 1st, 68.1927, J * . )C om teetlri* .6s-----..19 0 0 -04 . ManDel. A B d Rr’k, 1st. 7 s. 1905, FA A P •alun A Ain. IstM .,3s. 1 9 2 0 ,MAN.Eiinir. A Wun. . 1st, 63,1910, JA J .i a out. A B i ’d Top , Con. 5 » , ‘95. A AO'lAhigh Nav. 4% s...........191 i, % - J

2d 6 », go ld ..................... 1897, JA DGeneral w o rt. 4%s, * .1 9 2 4 .0 — F

Lehigh Valley, 1st 6s. ..18 9 8 , J A D2d 7 s ................................ 1910, MA8Consol. 6 ................ 1923, J A D

North Penn. 1st, 7 * .. . . ig f t o , MANGen. M. 7 s . . . . . . ............1903. JA J

Pennsylvania gen . 6s, r -1 9 10 . Vnr Consol. 6», o . . . . . . . .1 9 0 5 , VnrOu d m L 5e, t ................ . .1 9 1 9 , V ar ....C u llat.T r. 4% * .............1913, JAD i .................. .

Pa- * N, V. I 8 D a l,7 » ...1 9 0 6 ,J AD ......... 122P» O N V C‘ i eee <t 1 « o t A

115 . . . .......... 100%lo e -s — 105% 100 ......... 101

T *6

. . . . . . 1181 13% '........

Perkiom en, 1st e e r .,58.1918, Q—J 1 Puila.A E rie gen . M. 5 * .,1 920, A At

Gen. m ore , 4 * ........... 1920, AAiPhiia * Read, new 4 *.. 1958, J 4 .

1st pref. ineorae. 5 * . 1958, F eb 3 2d pref. Incom e, 5 g, 1958, Fell. 1 3d pref. Incom e, 5 g , 1968. Feb. 12d, 7s...............................1893, AAOConsol, w ort. 7#..........1911. JADConsol, mort. 6 * ......... 1911, JADIm provem ent M. 8 1897, A AOCon. XL,5 g.,stom ped, 1922. MAN

Phil. R ead. A N. E. 4 s .............1942Incom e*, series a . . . . . . . . . . , 1 9 3 ;Incom es, scries B .................. 1952

Phil. Wllm. A Butt., 4 s . 1917. A AO Pitts. C. A 6t. L .. 7 s . . ..19 0 0 , FAA Po'keepale B ridge. 6 * . 1936. FA A 8 eh u y L R .& 6h le .lst5 * .1935, JAD 8U 'ubeii-A lud .,l«t m .,5s. 1914, JAJUnited N. J . , 6 * ..............1894, A AOWarren A F rank .,lst,7s ,1696,FAA

A tS n ta fk fc h S f.'^ is t^ s f1907, J fcJIncorue 8ft........... . . . . .1 9 0 0 , A.VO

| Baltim ore Belt, l« t , dft. 11*90, M&N Baltim ore <k U lilo 4 g .f 1935, AtkO

| F itin. & Conn., 5 g . . . 1925, FAA Staten Island, 24* 5 g„ 19215,

j B ai.AO bio 8. W.,1 st,4V g. 1990, J AJ 1 CapeF'.AYad.,Scr,A .,0*. 1916. JA D. Hertes B., 6 g ..................1916. JAD

Series C., 6 g ..................1916. J A DCent. Ohio, 4% g .............. 1930. MAJ4Chari. Col. A Aug. 1st 78.1695, JAJ

nOa. Car. A Mot. 1 s t 5 g . . 1929, JAJ, North. Cent. . . . . . . 1900, Jtk*J

6a....................................... 1904. JAJ!Sene* A , 5 s .................... 1926, JAJ4 % * .................................. 1925, AAO

Piedm .A Cum ., 1st, 5 g .1 9 1 1, F A A P iu s . A Connells. 1st i s . 1898, JAJ Virginia M id., 1st 6*. ..1 9 0 0 , MAS!

2d Series, 6 s .................. 1911 MASi 3d Series, 6 » ................. 1916, MAS: 4th Series, 3-4-53.— 1921, MAS,

5th Bertas, 5 s ................1928, MASWeal V a D - A " 1 s t ,6 g . l 9 I l , JA J W ert’L N.C. Consol. 6 g .1 91 4 , JAJ W ilm. Col. A A ug., 6 * .. 1910, JA D

U l S C K i . f ( N i '- O l ’K.

BaJtlmore--City 11 all 6s .1900, Q—JFundineO s____— ....1900, %—JWest d a ry l’d KR. C *..1902, JAJWater 5 s ...................... 1916, MANFunding 5 s .................. 1916, MANE xchange 3% a....................... 1930, JAJ

Virginia (State*3s, n e w .1932, JAJChesapeake Gas, 6a.........1900, JA DConsol. Gas, 0 s ................. 1910, J AD

110% III 110 :H 2

5 s . . 1939, JA J% C*' s> t f '

1 0 3 %85

110103%85

110

115

ioo”6 5 1.

104 109

48106%

10567%

11310587

113

110%117

67104% 109 %i

09

I twisted, 4 s k » svtrutu mteieat Last price uus Ws«*

136 THE CHRONICLE. LVOL. LYII,

NEW YORK STOCK EXCHANGE PRICES (Continued.)— A C T IV E BONDS J U L Y -21, A N D FO R Y E A R 1 8 9 3 .

R a il r o a d andI I O loJ n g R a n ge (sa les ) in 1893

M is c e l . B o n d s . In te r ’ stl P r i c e -----------------------------------------

Amer. Cotton Oil, deb., 8 g.1900 At.Top.&8.F.—10 0 -yr.,4g . 1989

2d 2»2-4b, g., Cl. *‘ A” ..- .1 9 8 9100-year income, 5 g........1989

Atl. & Pac.—Guar, 4 g -----1937W .D. ino.,6e.......................1910

Brookl’n Elevat’d le t ,6 ,g. 1924 Can. South.—1st gnar., 5s 1908

2d ,5a..................................... 1913Cent.Ga.—B.& W. 1st oon.5e.’29 Central of N. J.—Cons.,7b. 1899

Consol., 7 b...........................1902General mortgage, 5 g ..l9 8 7 Leh.&W .B.,con.,78,asM .1900

do. m ortgagees..........1912Am . Dock & Imp., 5s-----1921

Central Paoifio— Gold.68-.1898 Ches. & Ohio—Mort., 6 g ..l9 1 1

let consol.,5 g ....................1939Gen. 4*38, g .........................1992R.& A.Div.,1 st com,2-4 g. 1989

do 2 d o o n .,4 g ...l9 8 9 Chic. Burl. & Q.—Con.,7s. 1903

Debenture,5s..................... 1913Convertible 5s....................1903Denver Division, 4s ........1922Nebraska Extension, 4s. 1927

Chic. A E. 111.—1st,B.f.,6s. 1907C.;nsol.,6g...........................1934General consol. 1st, 5 s ..1937

Chicago & Erie—let, 4-5 g .1982Income, 5s...........................1982

Chlo. Gas L. & C .- l s t , 5 g. 1937 Chio. M il.& S t.P .-C on .7s. 1905

1st, Southwest Div., 6s. 1909 lBt, Bo. Min. Div., 6 s ....1 9 1 0 lBt,Ch.&Pao. W.Div., 5s. 1921 Chlo. &Mo. Riv.Div., 5s. 1926 WlB. &Miun. Div., 5 g ..l9 2 1Terminal, 5 g ..................... 1914Gen. M ., 4 g., series A .. . 1989 Mil.&Nor.—1st, con., 6s.1913

Ohio.&N.W.—Consol.,7s..1915Coupon, gold, 7 s................1902Sinking fund, 6s................1929Sinking fund, 5s................1929Sinking fund deben.,5s.l933 25-year debenture,5 . . . 1909Extension, 4s..................... 1926

Chlo. Peo. <fe 8t. Louis—5 g. 1928 Chlo. R.I. & Pao.—6s, coup. 1917

Extension and o o l.,5s ... 193430-yeaf debent. 5s...........1931

Chic. Bt. P. M. A O .—6 s ....1 9 3 0 Cleveland A Canton—5 .. .191 " C. C. C. A I.—Consol., 7 g.1914

General consol., 6 g ........19340 . C.C.ABt.L.—Peo. A E. 4s. 1940

Income, 4b...........................1990001. Coal A Iron—6 g ......... 1900Ool.Midland—Con.,4 g . . .l 9 4 0 Ool.fl. Val. ATol.—Con.,5 g . 193 i

General, 6 g .........................1904Denver A Rio G.—1st, 7 g. 1900

1st consol., 4 g....................1936Det.B. City A Alpena—6 g. 1913 Det.M ac.AM .—L’dgrants.1911 Dal. So. 8h. A Atl.—5 g . . . .1937 E.Tenn.V A G .—Con., 5 g . 1956

Knoxville A Ohio, 6 g . ..l9 2 5 Eliz. Lex. A Big San.—5 g .190 ‘2 Ft. W. AD env. City—6 g .. 1921 G aLH .A8,Au.-Al.AP.D .lst,5 g. Han. A 8t. Jos.—Cons., 6s. 1911 Hous. ATex.C.—Gen. 4s, g .1921Illinois central—4 g............1952Int. <fcGt.No.—let,6g . (Ex.) 1919

2d 4*2-5s............ 1909Iowa Central—1st, 5 g ........1938Kentuoky Central—4 g___ 1987Kings Co. El.—1st, 5 g___ 1925Laolede Gas—let, 5 g ......... 1919Lake Erie A West.—5 g___ 1 937L. Shore—Con. cp., 1st, 7s. 1900

Consol, coup.,2d ,7s........1903Dong Isl’d— let, con., 5 g .. 1931

General mortgage, 4 g ..l9 3 8 Louis. A Nash.—Cons., 7s. 1898

N.O. A Mob. let, 6 g . . . . . l 9 3 0do. 2d, 6 g ..........1930

General, 6 g.........................1930Onifled, 4 g ......................... 1940 j

P eriod . J u ly 21

Q -F 107 b.J & J 7 5 *A A O 3 6 *

Bept.58%b.

J A J 5**b.A A O 113*4b.j & a 102*4b.M A S 99

*42 b.Q -J 112 a.

M & N *115 b.J & J 107Q -M 102 b.

M A N *98 b.J A J 105 a.J A J 103*b.A & 0* ll lQ b .M & N 98*4M & 8 70J A J *77 a.J <fc J ‘ 78 a.J & J 112M A N 91 a.M & 8 94%F & A 90 a.M A N 33*b .•J & DA & O *H 8 b.M & N * 94*b .M & N 91Oot’b’r 27J A J 80 b.J & J 120%J & J 1 0 6 b.J A J 109J & J 106%J & J *98%b.J & J 100 b.J & J 100 b.J A J *88 b.J & D 106*40.Q -F *132 b.

J A D 118 b.A. & O 110 b.A A 0 *103 b.M «& N *104 b.

N a sh .F l. A S h .— l e t g td .5 g .’37 Louie. N .A. ACh.—let, 6s. 1910

Consol., 6 g .........................1916L ouIb. Bt. L. ATexae—6 g. 1917 F A Metro. Elevated—1st, 6 g . 1908 j &

2d, 6 b................................... 1899 M AM ioh .C ent.—1 st,co n .,7 e .. 1902 M A

M A N F A A M A S J A J J A J M A S J A D J A J J A D J A J A A O April.

F A A F A A M A 8 J A D M A N J A J J A J A A O J A J M A N J A J M A S J A D M A N M A 8 A A O A A O M A N M A S J A D .1 A J J A J

Q -F J A J J A J J A D

Q-J |J A D! A A O J A J ' J A J

A D A J A A A

L ow est. | H ighest.

100 b93 a,

*100 a. *114 b

9488*38119 b.

80 b.

Consol., 5s ........................1902 M AMil.LakeBh. AW .—let,6g . 1921 M A

Extern A Imp., 5 g ......... 1929 F AM , K . & T.—let 4e, g ......... 1990 J A D

2d, 4b, g ............................... 1990 F A AMo, Pacino—lBt, oon., 8 g. 1920 M A N

3d, 7§..................................1906 M A NPac. of Mo.—1st, ex .,4 g . 1938 F A a

67 a. 15 b.

10 0 a. 50 a.8083 b. 11274

*60 b. 20 b. 96 b. 88*3 a. 98 a. 94 a. 77 b. 94*4

110 a.6J a.

*100 b. 106 b.

5572 b. 83 b.

*95 a.75 Hi

113 b 116 b. *111 b.

92 b. *109 b. 116*3b 103 a. 111*2 *78 a.

98 b. *105 b.

98 a. * 86 a. 114*4 102 b. *115 b *103 b. 118 b. 105

76*4 35 b.

*105 a. 108 a 98*sa

1087 4 *3 4 *5064

5114 102*2

98**50

113118106*2103

95106105 111*497 707677 11293 94*2 88 83*2

111*4 118

9 4 * 90*2 26 80 120

109** 108** lu6*s *00 05 102 89

109 130117 109 101 104** 1009395

11894 89 k

115 86*4

11911865 1410049808511273*4652096 88 9 7 *92 79*4 94

111*46 2 *

100*4106 5576 83 92*4 74

.08*4 113*4116 111*493

108 116*2 LOO11L*479*298

10597*277

114*4103 114*4 L02 115104 76 34*4101

105 98*4

MayJulyJulyMayJuneMayMayJulyJulyMayJulyMayJulyJulyJan.JulyJulyJulyJuneJulyJulyJan.JulyJulyJulyJuneJuneJuneMayJulyJulyJulyJulyJulyJuueJu yJulyJulyJau.JulyJulyJulyJuneJulyJulyJulyJulyJuneJulyJuneJulyJulyJulyJuneJuneMayJuneJulyJulyJulyJulyJulyJulyJulyJuiyJau.JuneJulyJulyJulyJulyJulyMayJulyJulyJulyJuneJ ulyJuneJulyJulyJulyJan.JulyJulyJulyJuneJuueJulyJ ulyJulyJ ulyJuneJulyJ ulyJulyJulyJuneJul>JulyJulyMar.JuneJulyJuneJuneApr.

114*« Jan.8378 Feb. 57*e Jan. 57 Jan. 71*4 Jan. 11*4 Jan.

120*8 Mar. 107*4 Feb. 103*4 Jau.

70*4 Jan. 116 Mar. 122 Feb. 112*4 Apr. 110 Jan. 100 Apr. 1 0 9 * Feb. 109*8 Jan. 118 Feb. 106 Feb.

8 5 * Feb. 8 2 * Feb. 80 Feb.

121*4 Apr. 1 0 2 * Jan. 108 *4 Jan. 9 4 * Jan. 8878 Jan.

116 Apr. 123*8 Mar. 103 Apr. 103*4 Feb.

4 4 * Jan. 92*4 Feb.

129 Apr. 11 4 * Apr. 116*4 Feb. 112 May10510810995

115138123115109112

Apr.Apr.JuneApr.Feb.Jan.Mar.Feb.Jau.Feb.

10 6 * Mar.98 Jan.

100 Mar. 125 Jan. 1017s Feb.97*4 Feb.

123 Mar. 92*4 Apr.

119 May 122*4 Feb. 79 Jan. 2 6 * Jan.

106 Jan. 67 Jan. 94*4 Jan.99 Apr.

119 Apr.88 *4 Feb. 74 Jau. 40 J an.

103 Apr. 94 Apr.

104*4 Feb.101 Feb. 101 Apr.9 7 * Feb.

117*4 Feb. 70 Jau.

105 Mar. 113 Apr. 7 2 * Feb. 90 Feb. 87 Apr.

103*4 Feb. 87*4 Jan.

L13 Feb. 119 Jan. 122*4 Jau. 116*4 Feb. 96 Jan.

113 Jan. 123*8 Apr.110 Feb. L19®8 Apr.83*2 Feb.

101 Mar.111 Jan. 109 Jan. 9 8 * Jan.

.18*4 Feb. i03*4 Feb. 122*4 Apr. L06* Apr. 127*4 Jan. 109*4 Jau.8 2 * Feb. 50*4 Jan.

113 Mar. 115*8 Apr.102 Jau.

R a il r o a d a n d M is c e l . B o n d s .O los'ng

In ter'st P r ic e P er io d . J u ly 2 1

Pao of Mo.—2d exten.5s.1938 Mobile <fe Ohio—New, 6 g . . 1927

General mortgage, 4a. ..1938 Nash. Ch. & 8 t .i l—1st, 7 s. 1913

Con., 5 g ...............................1928N.Y. Cent.—Debt Ext., 48.1905

let, coupon, 7s................... 1903Deben.,5e, ooup., 1 8 8 4 . . 1904 N. Y. <fe Harlem—7s.reg. 1900 R. W. & Ogd.—Con., 5e. .1922

N .Y . Chlo. <fc 8t. L.—4 g .. .1937N. Y. Elevated—7s................1906N .Y . Lack. & W .- l s t , 6e ..l921

Construction, 5s................1923N.Y.L.E.&W .—1st,oon.,7g. 1920

Long 1 >ock Consol.,6 g .. .19352d consol., 6 g ..................1969

N .Y . O. & W.—Ref. 4a, g ..l9 9 2Consol, let, 5 g .............. ..1939

N.Y.Sue.&W.—letref., 5 g.1937 Midland of N. J.t 6 g . . . . l9 1 0

Norf. <fe W.—100-year, 5 g.1990 Md.&Wash. D lv -le t .5 g.1941

North.Pac.—let, coup., 6g . 1921 General, 2d, coup., 6 g ..l9 3 3 General, 3d, coup., 6 g .,1937Coneol. m ort.,5g ............1989Col. tr. gold notes, 6 s .. . 1898 Chic. & N .P .—1st, 5 g . . .l 9 4 0

North. Pac. & Mon.—6 g . . . 1938 North. Pao. Ter. Co.—6 g .,1933 Ohio <fe Miss.—Cons. s.f.,7s. 1898

Consol., 7s...........................1898Ohio8outhem—1st, 6 g ...l9 2 1

General mort., 4 g ........... 1921Omaha <fe 8t. Louis—4 g . . . 1937 Oregon Imp. Co. - let, 6 g .1910

Consol., 5 g ......................... 1939Ore.R.&Nav.Co.—1st,6 g .1909

Coneol.,5 g........ ............. .. .1 9 2 5Pennsylvania—4s. g ____ 1943Pa. Co.—4*4 g., coupon___ 1921Peo. Deo.& Evansv.—6 g ..l9 2 0

Evansville Div., 6g___ 19202d m ort.,5 g ....................... 1926

Phila. & Read.—Gen., 4 g .1958let pref. income, 5 g ........19582d pref. income, 5 g___ .19583d pref. income, 5 g ........1958

Pittsburg & Western—4 g.1917 Rich. & Danv.—Con., 6 g ..l9 1 5

Consol., 5 g ..........................1936Rich.&W. P.Ter.-Trust,6g. 1897

Con. 1st & col. trust, 5 g .1914 Rio G. Western—1st, 4 g .,1939 8t. Jo. & Gr. Island—6 g .. 1925 St L. & Iron Mt. 1st ext. 5s.’97

2d, 7 g ................................... 1897Cairo Ark. & Texas. 7 g. .1897 Gen. R’y & land g r .,5g .. 1931

8t.L. &8an Fr.—6 g .,C l.B .19 ‘>66 g., Class C.......................1906General mort., 6 g ........... 1931

8t. L. 8o.West.—1st, 4 s ,g .. 19892d, 48, g., incom e............. 1989

S.P.M.&M.—Dak. Ex., 6 g .19101st consol., 6 g ..................1933

do reduced to 4*4 g .. Montana Extension, 4 g.1937

San A. &Aran. P.—1st,6 g . 19161st, 6 g .................................. 1926

Seattle L.8.&E.—lst.gn. 6.1931 Sec’ty Corp.(N.Cord.) 1st con.6s 8o.Car.—1st, 6 g.,ex ooup. 192080. Pac., Ariz.—6 g ........1909-10So. Pacific,Cal.—6 g . . . . 1905-12

lBt, consol., gold, 5 g___ 19388o. Pacific, N. M.—6 g ..........1911Tenn.C.I. <feRy.—T en .D .,lst,6

Birm. Div., 6 g ...................191'Tex. & Pac.—1st, 5 g ........... 2000

2d, iuoome, 5 g ....................2000Tol.A. A. & N. M.—6 g ........1924Tol. & Ohio Cent.—5 g........1935Tol. Peo. <fe West.—4 g ........1917Tol. Bt. L. <fc Kan. C.—6 g .. 1916Onion Pacific—6 g ................. 1899

Sinkingfnnd. 8s..................1893Collat. trust 4*2..................191bGold 6s, col. trust notes. 1894 Kan. Pao.-Den. Div.-6 g. 1899

1 st consol., 6 g ................. 1 9 1 9Oregon 8hortLine—6 g ..l9 2 2 Or.S.L.&Ut’hN.—Con.5 g.1919 U.P.Den.& Gulf con. 5 g.l93S

Onion Elevated—6 g ..........1937Virginia Mid.—Gen. m.,5s, 1936

do stamped guai.Wabash—1st, o g ....................1939

2d mortgage, 5 g ............. 1939Debent. M ., series B .___ 1939

West Shore—Guar., 4s........2361West. N. Y. & Pa.—1st, 5 g. 1937

2d mort., 3g., 5so................1927West. Un.TeL—Col. tr.,5s. 1938Wis. Cent. Co.—1st, 5 g.......1937

Income, 5 g .......................... 1937

& J 104*4a. - A D 108 b. M & 8 55 a.

<fc J 123 a. „ «fcO* 101*2b. M & N 100 b. J & J 119**b. M & 8 105 b. M & N 119 a

& OjllO & o! 92*8b. & J 106 & J 120 b.

. & 4 1109 b. M & 8* 130 sa .

& 0 * 107 *sb._ & D M & 8

& D _ & J A & O

& J & J & J

A & O & D & D

M & N A & O M & 8 J & J . & J J & J J & D M & N J & J J & D A & O J & J* J & D M & N J & J J & J M & 8 M A N J & J

Feb. Feb. Feb.

J & J J & J A & O F & A M A 8 J A J M A N F A A M A N J A D A A O M A N M A N J A J M A N J A J

A N A J

_ A J J A D J A J J A J F A A M A N

69 80 b.

103*4 *101 b. I l l b.

M aroh

A J

801 1 1 *106 b. *94 b.

52

5979 a.

*97 a.105 b.105 b.*103 a.

46

96 a.45

103*sb.84 a.

105 b.

92 b.64 a.6525*41813*280 b.

105 b.t 75 a.r 53 a.t 20

6581 a.

100 b.1013810 0 a.78%b.

m o a.104 b.10 2 b.56*417

1 1 2 b.1 1 2 b.10 0

88 b.

* 6 S a.6075 a.

10 2 a.*10 0 a.

94 b.1 0 1 b.

75 a.74 b.681534

103 b.72*2

* 0 8 a.103*9b.1 0 1 *4 b.

4890. . .

b.

10410 0

aJI 63! 60li2*4a.*79 a.*78 b.

99.1 6 8 %

* 2 0 b.r 98=81* 98 b.

1 19 b.98 %b.

*81 a.a.

fla n g e (sa les ) in 1893. Low est. I H igh est

104 June 09 J une 51 July

120 July 101 *2 May 99 Juue|

121*4 Jure 05 July

May Juue July July July June June Jan. July

115 10 92 1C6 121

107 i 23 122 6878*2 July

102 J udo 100 July 111 July 8 1 * May 80 July

i l l July 106*2 July 93 July 49*4 July 93 June 57 7s July 7 9 * May 93 July

105 June 44*2 July 60 Feb. 95 July 45 July

108 J an. 86*4 June 0 2 * July

10478 July ’ 00*4 May 95 June 65 Apr. 65 July 25*4 July 17 *2 July 13 June 8 L J an.

103 Jan. 67 Jan. 5 4 * June lb July 65 July 83 Juue

100 July L0138 July 99 juue 79*4 July

108 July 103 June 02 July 55 July 17 July

113 June 111*2 July 100 Jau.

8767665570

10597

11393

JuueJulyJan.JulyMayMayApr.MayApr.

101*4 July 77*« July78 Jul>67 July 15*6 Jul^-

IOS Jan 102*4 May

7 2*2 J uly 57^, July

109 Jan. 101 Mar.

48 July 93 July

109*2 May 103 * June

97*2 June 65*2 June 50 Juiy

1 0 9 * June 77 Jan.79 Juue 98®8 June68 Julv 20 July 975c July 9838 Ju y 2 J July 9 ^ * July 82 Juue 19 July

108*4 Jam115 * Apr63 Jam

130 Jam 105 Feb,103 Mar.124 Feb. 108*2 Jam 119*2 Feb. 115 Feb.

99*4 Feb. 1 1 1 * 2 Jam131 Feb.114 Jam 139*2 Jam125 Feb. 105 Feb.

86*2 Feb. 108*2 Jam 107*2 Mar. 120*4 Mar.90 Jan.91 Jan.

118 Feb.115 Feb.108 Feb. 74 Feb. 93 June 80*2 Feb. 89*2 Feb.

104 Feb. 112 Feb. 110 *2 Mar.109 Jam64 Jam 68 Jam

105 Feb.67 Feb.

112 Mar.94*2 Feb.

103 July 1 10*2 Apr.104 Mar.105 Feb. 72 Feb. 85*4 Jam 767e Jam 70 Jam 623s Jam 88 Apr.

I l l Feb. 78*2 Mar. 837e Feb. 52 Feb. 78 Feb. 96 Jam

103*2 Jam 109 Apr. 1043s Mar. 9 0 * Jan

114*2 Apr. 114*2 Apr.11 1* 2 Apr.

68 Apr. 2 8 * Feb.

119*2 Apr. 123*2 Mar. 103*2 Apr. 91 Jam 76 Mar. 7 8 Mar 9 2 * Jan. 99 Apr.

106 Feb. 100*2 Jan. 115 Feb,973s Jam

10 5 * Feb. 95 Feb. 95 *6 Jan. 81 Jam 29*4 Jam

108*2 Jam 109 Apr, 81 Jam 90*2 Jam

i lO * Jam 1053g Feb.

73 *2 Jam i0 2 * Jam 113*4 Apr. 112 * 4 Apr. i09 Jam 80*4 Jam 753s Jan.

L l7 * Apr. 8 6 Apr. 8 6 Apr,

106*4 Apr. 82*2 Jan. 39 Jam

103*4 Feb.105 Feb.33 Jam

106 Jan. 92*2 Jan. 35 Feb

Note—“ b ” indicates price hid; “ a ” prioe asked; the Range is made up from actual sales only. * Latest price this week. | Trust reote.

________ NEW YORK STOCK EXCHANGE PRICES—(Continued). —IN A C T IV E BO N D S— J U L Y 21.

SECURITIES.

Railroad Boudg.(Stock Exchange P rices.)

Alab im aM id.—1st. g., guar..1928 A.T.AS.F.—Col. Mid. 1st,g.,68.1936

2d, 4s, Class B .......................1989A lautic A Danv.—1st g., 6s. .1917 A d . A Pae.—2d W. D., gu. 6s.. 1907 B »lt A Ohio—1st, 6s, Park B . 1919

gold.......................................1925

Bid. Ask. SECURITIES. Bid. Ask.

82100

B. & 0 .— 'JjnB. mort., gold,5s.1988 W. Ya. & Pitts.—1st, g., 5s. .1990 B. & 0 . S. W .f 1st, g., 4**8... 1990 Monon. River, 1st g.,g. 5 s ... 1919 Cent’lOhio Reor.—1st, 4*28.1930 Ak.&Cb. Juno.—1st,g,58,gu.1930

Boat. H. Tun. & W .— Deb. 5 s .1913 Brooklyn Elevated—2d, 3 -5s.1915 Brunswick & W’n—1st, g. 4s, 1938 Bufl. Ro< h. & Pitts.—Gem, 58.1937

*108

ioS"

* 88

*108 ......... 98 i’co* Price Friday; these are the latest Quotation, made this week.

SECURITIES.

B . B.&P.—Boch. F ., 1st, 68.1921 Rooh. A Pitts.—Cons. 1st, 68.1922

Burl Ced. Rap. A No.—1st, 5s. 1906 Consol. A collat. trust, 5 s .. . 1934 Minn. A St. L.—1st, 7s, gu .,1927Iowa C. A IVAst.—1st, 7s___1909Ced. Rap. 1. F. A N., 1st, 63.1920

1st, 5s ..................................... 1921C. Ohio—CoJ. ACin.M .lst,4%3.1939 Cent. RR. A. I .-ink.—Col, g. 5 s. 1937

Bid.

11711399%

TOOTOO

75

Ask

100%90

82

J uly 39, 1893.] THE CHRONICLE 139N E W Y O K E S T O C K E X C H A N G E I’ R IC E S .—I S ACTIVE BONDS—C Continued) - JV L Y 2 1 .

B id. Ask.

7 .........3 , 857 *_____5 *.........3 .........3 .........

92100

98____. . . . . .. . . . . .

L . . . . . .1 .........3 .........r .........3 . . . . . .3 ......... 74..............

. . . . . . 1125 ..........3 ........

-■*:8i ........... . . . . .

i '00%

) ......... 10 0 %) . . . . . .

. . . . . .. . . . . .

. . . . . .125

*100115. . . . . .

—

105%...................

107

. . . . . .*........ ..........

110■105*65..........

72

. . . . . .......... ..........

i ..................

: : : : : : ........... . . . . ........... . . . . ..........

*90*".......... . . . . . ..........

55

. . . . . ..

68

700795

. . . . . . ........

.........*101101*75*05‘ 75.........

1 1 0 '

—

85i o 1*591*..........

.........*100

n b T *10 1____

. . . . . . 115

*10799%

i o T

*10185

........... . .

100

88*"

752 4%

73

10dLUrf1 0 3 4 .........

951*104%*104

" o s ’ "

........."m "90

LOiL05

105’ ****••sT"

SECU RITIES. B i d . A s k . SEC U RITIE S. B id. Ask.

C. B. A B .-C h a t.R .A C .,g td .g .l9 3 7 Gent. o f N. J .—C o in . lin ... 69.1908-

........... E . * T , H . — H t . V e r n o n 1 s t 6a . 1 9 2 3•911. Co. Br. 1st, s,. 5s...........1930;

Central F a i-ific-G old b d s, 6s, 1895 103 ......... E v .& R ich —lstgen .5a ,g .gtt.l931

105

■94

112%

S old bonds, b‘s .........................1896 103 ..G oid b on d s , 6 s .........................1897 1 0 3 V . .San Joaquin B r .,6 9 ................1900 *109M ort. go ld 5a............................ 1939 ------Land grant, 5s, g............... .. .1 0 0 0 ! ------C. A 0 . Dtv,, ex t., e. 5 s ........1918W e s t . Paem o—Bonds, 6 s-----1899No, R ailw ay ICaid—1st, 69.1907

50.year 5a.............................. 1933CMea. <4 O.— P at, M, fun d , 6 s .1898

6a, gold , aaries A ..................... 1908Craig V alley—1st, g „ 5a----- 1940W a r m Spr.Y aJ., 1st, g. o s . .1941

Ofc.ee.O .A 8o,W est,— 1st 6 a ,g .l9 1 12d, 6 s ........................................... 1911Oh. V. -G en .eoa .la t,gu .g ,5 s . 1938

Chicago A A lton—8, F ., 6a— 1903 Louis. * Mo. R iver—1st, 7s. 1900

2d, 7 e ....................................... 1900Bt. L. Jacks. A Chic.—1 at,7a. 1994 Mbs*.R. Bridge— 1 st,a. f „ 6 x1912

Chic. Buri. A Nor.—-1st,5 s ___1926D eb en tu res* .................. 1896

110

115*112101

08

103

n o113109110 .....117119

Chic. Burling. A Q .--5«, e. L .1 9 0 1 102 Iow a D ie .—Sink, (an d , 5 s . .1919 104

Sinking fund, 4 s ...................1919 *90R a in , 4.«..................... ............. 1921

Okie A Indiana Coal— 1st 5a. 1936 Chi. Mil. A St. P ,—iat,8s,P .I».1898

Sd, 7 3-109, P. I>........... . . . . .1 8 9 81st, 7e, « e „ R. D ....................19021st, I. A M . ,? « ........... ............ 18971 « , I. A ! >., 7a...................... . 1899lat ,C. A M „ 7a....................... 19031st, I. A B . E xtension , 7 a . . .1908 1st, I a R * D » y „ 5 » . . . , . . _ . 1 9 1 01st, H . A D .,7 s ..................... 1910la t, H. A D .,5 * ..................... 1910Chicago A P acific D ir ., 0» . .1910 *111Mineral Point M r .J t ...........1910;*C, A L, Sup. JUiv., 5* ............ 1921Fargo A Hindi;,, 6a, A aa u ...19211In c. eouv. a io i. fund, 5a___ la idD akota A (It. Booth.. 5*___ 1916MIL A Nor. main line-—fie . . ,19101 loo%

Ohic,AN.W .—30 ) ca r deb. 5a, 1921 * , .___EtC&naba A L 8. 1st, 6*___1 90 1 1 ..........D eaM , A M inn.—1*1.7 « . . .1907 ........Iow a M idland—la ;. Ms......... 1900: .........Peninsula—la t. con v ., 7 s . . .1,808! ........O tic. A M ilwaukee—la t. "a 189.*> ........Win. A 8t. P.—2d. 7 s ............. 1007 ........MU. A M ad.—1st, 6 s ..............1003 ........Ott. C, S. A St. P . - l at, 5*.. 1900 ........Northern III.—lat, 5 s ......... 1910 ........

Ch.Peo. & 8 L L —( on .l8L g.5s.103u C ,R .I.A P .-D .M .A F, D. 1st 4.4.1905

la t, 2 % s............................. 1905E xtension , 4* ................... .1905

K eokuk A Do* > V -1 * ! ,5 « . .192.1 C hicago A St. Louis—1st, tie..1915 C h ic.a t. P. A Minn.—1 st,6a. ..1918

St, Paul A 8. C.—1st, 6a .........1910Chic. A W. Inil. —1st, s. ( . , « * . 1919

General m ortgage. 6 » .............1032C hic..A ,West M id i.- 5 » ..............1921M b ' ’ a m . A D.—Con. 8 .1., 7s.l0O 5

2d, gold, 4 % * .. . ........................1937Cln. D. A lr 'n —lsL g u . St, g.1041

O a r , Ak. A Col. - M - A 2d «*.1830 GCA*. A St. L-, Cairo d lv . -4 » . 1939

8t.Ltra.Dtr.—Isiiui.ta't-ls.g.lDOO Spring. At'OLDlv.— int,*. 4*. 1040 Whit* W. V a t Dtv.—l*t,g . 4 s. 1040 Cln.W ab.AM .lHv.—l*t,g.4».1991 Cln. i. St, L, A C.—l»l,g .,4 a . I93ti

Oonao! , 6 * . . . . ............... ; .........1920CLn.3atk.ACt ™ C ou .l»t ,g ,59 ,1028

€!.<;«!. Cm A tnd .—1st, 7 »,s .M -;r .iConsol. sink. fund. 7 ............ 1014

C le m A Mata. Y .—G old , 5 s . . . 1938 C olom bia A G r -t-t i.--ls t .iis ..

2d , 6a........................................ 192LDel Lark. A W .-M «,rt. 7* ...1 9 0 7

S j ra Bing, A N. Y .—1*4, 7 k 19061Morris A E ssex—1st, 7 »____1014)

B onds, 7*............................ 19007* o f 1 87 1 ........................... ,1901l i t ,e o n . , guar.. 7* ..............1916)

D e l A H ad, Can.—cou p on 7 s .18114Pa. D ir ,, cou p ., 7 s . , , . .......... 1917!A lbany A Saeq,— ls c e u .,7 * 1906.

'

82%io ol i e ’s

119117

*80

n o y

1 0 5110131102

122t o m

i o o

102%101%

. . .

Svans, A Indian.— 1st, eo n a ..l9 2 6 'Gin t A P. M arq.—M ort., 6 s . .. 1920

1st con . gold , 5 s .......................1939P ort H uron—1st, o s ..............1939

Fla. Cen A P en.—1st g. 5s___19181st eon. g , 5 s ........ ................1943

G W orth a R. G.—1st g „ 5 s ,.1923 Gal. H ar. A San A nt.— 1st, 6S.1910 Gal, H . A S. A .—2d m ort.. 7 s . .1905

M ex. & Pae. D iv „ 2d 6 a ___ 1931Ga. Car. A Nor.— 1st, gu. 5s, g.1929Os. So. A Fla.—1st, g. 6s......... 1927G rand Rap. A ln tL —Gen. 5 s . .1924 G. B. W. A 8t. P .—2d Inc. tr. rect-S H ousatonR—Cons, gold 5s___ 1937

N. H aven A D erby, C ons.5a..l918 Hons. A T . C.—Waco A K. 7 s..1903

lat e ., 5s (int. g td i................. 1937Cons. g. 6s (Inc gtd )............. 1912D ebent. 6s, prln. A int, gtd.1897 D ebent. 4s, prln. A In c gtd.1897

Illinois Central— 1st, g., 4 s . ..1951D t. gold , 3 % a .......................... 1951Cairn Bridge^-48..................... 1950Sprlagf. Dh-.—Conp , 6 s . . . . l8 9 8 M iddle D ir . -R e g . , 5s...........1921O. St. L. A N . O .-T e n .L ,78.1897

1st, con sol., 7a...................... 18972d. rts.......................................1907G old , 5s, c o u p o n ................. 1951Mump. D tv., t s tg . 4s........1951

Dub. A 8. G —2 d D iv „ 7 s . -.1694 Ced. Falls A Minn,—1st, 7s.. 1907

la d . D. A Spr.—1st 7s, ex . ep . 1906 Ind.D . AW. —1 st 5*. g. .I t .te c .. 1947

2d. 5*. gold , trust rece ip ts .. 1948 Inc. M. bonds, trust receipts —

lnd. Ills. A Iow a —1st. g, 4s. 193Blne. AG.N ’ n—tM.Os.g.................1019Kings Co.- F .E l.,let,5 ,g ..gu .A .1020 Lake Erie A W est.- 2 d 5s. 19*1L. 8. A M. 8 o .-B .A E .—N ew 7 » . '»8

Dot. 51. A T . - l s t , 7 ».......... ..1 9 0 6Lake Shore—Dtv. bouda ,7». 1809

! Kai. AIL A 6 . 1L—1st gu. Ss.iOJs!M abun'g Coal R R .—1st, 5a. 1034

L rh lgbV ..N .Y . - l - t gtt.g.4%s l o in [Lehigh V .T»nn«— 1 at gu 5«,* .I04J j ! .Hcnf. Car, A West. —1st 6s. g .11116Ding W a n d —1st, 7 s . . . . . . ___ I8us

N. V A R ’ way B - i - t .g .5 * 192724 niorL*.. Inc.......................19*27

N. Y. AM a I-. lie u r h.— lat, 7 s. 1897 eon. 5 kg .

*113

*92

61%

*16

105101%

1059 2 ’*

SECU RITIES.

98

103

.98

17111

103

N orthern P a cific—(Continued.)

R oanokeA So.—1st, gu . 5s, g. Scioto VaL A N, E.—1st, 4s,.

>bio A Jllss—2d consol. 7 s . .. Spring. D iv.—1st 7s................

109109

;u*%i 95

1..........| 90

: : : : : : j m %

83

Gen, g . ,5 s . . ...............

D o do Series B . . .P .C .A 8 .L .-ls t,o .,7 s .................19Pitts. Ft. W. A C.—1st, 7 s ... 19

Gen. 4%>s, g ., '

2d. guar., 7a......................

- 9 A Pitts. A L, E r,—2d g. 5s,t»3 Pitts. Me. K. A Y . - l s t 6

125

98

106

.........j « 9......... lo o......... IOO...... 112100 i .......

•PlUft. A W est —S L S a .g 1891-191

2d incom e 6 s . . .

i . : ;121

113

93

04

121 1123

N. Y. H .A M .B .-D I .-o n .fiM -»»3 5Iirooki‘n A M n u titu k -la t,6 a .l!t ll

1st. 5 a ....................... 1911Louis, Evana-A St. i.. Cois.5» U»»o Louis. A N ash.—Cecil. Hr. 7 s ..1907

E. H .A Nash.— 1st tia, * {....1 0 1 0 PerwiM’O laD ivision, 6 s . . , , . , 1020! 61. Louie Division* 1st,'6 A ,.1021!

2d , 3*....................... le g oLeb. Branch E xtension . . .1803' Nuehv. A Decatur - 1 at, 7 « .. IBOo6. f . ,6 « . -6 . A N. A la ..............19HI10-10, gold. Os.........................192450 year ’»«, g ............ 1037

........j1 Pens. A A c - 1st, 6,s, go ld . ..1921K6 i! Coital, trust, 5a, g ................ 1931........ Dm . N .8 Iti. A C h .- i ,i*n.m.g.5s. 1940

| Manhattan Hy.—Cons. 4*___ .1990•; MunitU.8. W. ( i.iotiir.ca—Ga,g 1034

H em pbD A C h a ri.-6 a , gold .'.1924!1 la te o fi . T en s lies, 7 » . . „ . . , l j » i .V )!M«aOe»n Cent. Consol.—4*, g . l 9 1 l ‘

1st, corns, laeoine 3s, g . ....... 1930);. M exican Nattonai—1 at, g.. 8 s .1927i 2d, incom e. 6s, " A " ............. 1917!

|i 2 o , lucerne. 6 ». •' B ” .............1017M ichigan C e n tra l-6 s .............. 10091

! Couj»»n, 5s............................... 1931j .Mortgage 4 » ..... .......................1940

! Bat-C A.8trwia.—I »L3s,g.gn. 19 ?0i '.Mil. L. 8 .AM .—. o n v .u « b „ 5a 1007

j j M ich, Dtv,. 1st, 6s................. 1924!|( Ashland D ivision—1st, 8a .. 192.,I In co m e s ...............................

M m lu i M . I___1st, g. 7a.......... 1927!!l Iow a E xtension , l« t ,7 A ,. . .S # 0 9 *; 2 4 m ortg., 7 s .......................... 1891!

Southwest E xt.—1st, 7 a ... . . lu lu PaclDe E xt.—1st, ( i s .............1921

j!02

Equip. M. e. f „ g „ 5h.............A U . A Char.— 1 at, p r e l , 7a..

do. 1 lii'iraif, t ia ,...W nsh.O.AW .—laL * - ,gu .oy„

iR loG r. June,—1st, gu ., g „ 5a. ltu> G i.iu .le So.—1st, g ., 5 a ...

102105%118

70

109

Kan. C. A Om aha—1st, 5a.

( l i e

B eilev. A Car.-

do

101% . 102% . IOO

*03

*90

I V "

" 8 5 " 11

13

Consul, guar.,Kan, City A 8, ft. 8. A V. B. (

2d uioruttige 5e ....................... 101!

107 ! ......... j 1st guar. g. 5a.

98

112Incom e. 6 e .. .

103

101 ( ____ ! T exas C entra l-103 i ......... le t m ortgage.too ..... ;; Texas A New Oi 7s. .1911

1st, eons., g u * r , , o » : . . . . . ivm . . . . . . . j . . . . . . i t n p i r , A equ ip m en t,6*......... 1922,7 « .I9 2 i ...................... Minn. A I'ai — V-it m ortg .,5 s . 1930Kens. A Bar.— 1st, eontp,,

D enver City Cable— 1st, 6 « .. .1 9 0 8 *......... 98D en v. Trarn way—t one. 6», g 1910 •........ £.9

M «O op»L Ky,—'letjO L g.os.L N lli ............... 1 ,D env. A R. G .—Im p.. g „ 5 s . . , i f 2 8 , ....................Dulfith A Iron Rai.gs l c i - . 1937 . . . . . . 95K .T erm . V*. A O * .--1st, 7* ... ll>oo *101 105

Dtvtslonei 5 * ........... ...............1930 *1021st ex t., gold. 5 s .....................1937 ................] .E q .A lm p .,g . ,5 * . ............ .. 1938 *.......... 40M obile A Burn.- let, g „ 5 » . . 1937 ....................A labam a Central—1st t is . . . lu lu *97

JM b—•■*•• •** . ,7 .3 ....... . .K f T . '3 i

*88*93*97

M in n B t.P .* 8 .a M — istA g .4 s .1 0 3e :Mo.K .A T .-K .C .A P,, 1st, 4*. g. 1 » a o

Dal. A W aco— 1st, .*>«, g u .., .1 0 4 oMissouri piK-lhc—Trunt 5a__ 1917,*

1st ro ll., -is, g ................... . . . .1 9 2 0 '8 i L A I . M ~ A rk .i:r .,ls t7 s .lS H 5

Mobile A Ohio—1st e x t , 6 * ... 1927:St. L. A C airo—1», gu ar........1931:

I M organ's La. A T .—1st, 6 ,— l u l o1st, 7 f ...........................................1918,

Nash. Chit*. A 8*.. L —2d, 6 s ..1901 N. O. A . No. I. -Pr. L. 6*.. 1915

Thtnl A venue (N .Y b- 15,1. A. A. A Oao.—6a Toledo A. A. A G 'd Tr.—( Till. A . A , A ML PL—0».

! ToL A. A. A N. M.—5s. g i T 4 0 . C.— K an.A M.. Mot

. .... 90 Uuiou PaeillO—1 st ,6s.

1st 5s,

100

I......... i)106 C. Br. 6s. g...... a. p. -I

2d, extended , us...................... 191 9 *1 10 ......... |N. Y. Central. -D e b . g. 4s . . ..1 0 6 5»d , extended , 4>*8..................1923 *100 . . . . . . N. J . June—Guar. 1st, 4 s . . . 1936*th, extended , 5*.................... 1920 104 i ........."

...... 102

" 05 ! ......... ;; A tcli. J. Co. A W.—1st, 6s.-

6 th. extended, 4.,........ 10281st, con ., f d , 7 * ................19 2 0 :K eorg., 1st iien, 6*____ .,1 9 0 8B. N. V. A L —{»t , 7 s ...........1916N. r . L U W.-GOL tr.,68.1022;FQrifled COBm , .............. ..^1 :^BnM. 4k 8. % . ■- Mort*?, 6 * . . , . I mn: Jefr«r*oi>~lrt. gu. it. 3s .. . .1009; 0 » 1 4 K B . - w ,

Beeeh Creek—1st, gold , 4 s . . 10 36 Rom e—2d, 5s, gafiu. 101,3O e * . A

t'U ca A BL Rlv. -4a, g., gu .1022........J .......... S. y . N. H. A H .—Ik t .re o 4s.l0U 3 *1 0 7 % ......... N*. Y . A N orthern— 1st. g 5 * 1 9 2 7......................i 2d. 4 s ..................................... . ..1027 !........,1 .03 N. Y. ausq. A W est.—2d, 4% s. (037...................... Gen. m ort., 5*. g .................. 1940

ft. Y. Tax. A Mex.—1st,4*,gu.1012

08% IOO........ loti'93 .......... .........1104........10870

ioo .i 00, , .1 9 2 2 ..................... iiNorth'n Paeido—D ivld 'U sonp e x tJ .

iBprtB**—1«*. g ., 6 * ...1 9 3 3 ' ..................... 'I Jam es R iver V » i .~ l* t , « g . . , l0 3 6 *.Evans A T.H. - Is-., OUK..6S .1021 ..................... BpoKane A P a l .- la t , 6a........1030 *

m , general, g.. r * .................10 4 2 , ..........., ..........1 Bi.P*m *v S. p .—<i-n .. «* .10 33 1

« o87

112%

Utah Soatheru—Gen,, 7o . . 1909E xtol,., 1st, 7 s . . . . . .........1000

Valley K y Co. o f O.—Con. 6 » .1 0 2 l Walimsli— Debenture, 8er. A .. 10.19

No. M issou ri— 1st, 7a. ---- .18 9 56 L L K .O .A N — lL E .A R R .7 e .16 0 5

Bt-Cbarlea B r'ge— la%6s.. . 1908 Weet. Va. C. A Pitta.—lat, 6 a .1011 Wheel.A L E .—lat. 5s, g o ld .. . 1026

C*Tf<»n«ton .% Irn** •' '*

6■■ A

* If# prim JbrMaf; IIuhni are t&& Sulest pouUoos made ibl« tfnr ,?iUt)«UiMi«o<t* A UaUnted, « o a < b - ^ t ago preomunjrfi

]40 THE CHRONICLE. [V ol. l \ i i .

J n u e s t m e t i t▲ND

R a i l r o a d f i n t j e l l i g c u c c .

T h e I n v e s t o r s ’ S u p p l e m e n t , a p a m p h l e t o f 150 p a g e s c o n t a i n s e x t e n d e d t a b l e s o f t h e S t o c k s a n d B o n d s o f R a i l ­

r o a d s , a n d o t h e r C o m p a n i e s , w i t h r e m a r k s a n d s t a t i s t i c s c o n ­

c e r n i n g t h e i n c o m e , f i n a n c i a l s t a t u s , e t c . , o f e a c h C o m p a n y . I t i s p u b l i s h e d o n t h e l a s t S a t u r d a y o f e v e r y o t h e r m o n t h — v i z . , J a n u a r y , M a r c h , M a y , J u l y , S e p t e m b e r a n d N o v e m b e r , a n d i s f u r n i s h e d i v i t h o u t e x t r a c h a r g e t o a l l r e g u l a r s u b ­

s c r i b e r s o f t h e C h r o n ic l e .T h e G e n e r a l Q u o t a t i o n s o f S t o c k s a n d B o n d s , o c c u p y i n g

s i x p a g e s o f t h e C h r o n ic l e , a r e p u b l i s h e d o n t h e t h i r d S a t u r d a y o f e a c h m o n t h .

RAILROAD EARNINGS.

R o a d s .Latest E arnings Reported Jan. 1 to Latest Dais.

Week or Mo 1 8 9 3 . 1 8 9 2 . 1 8 9 3 . 1 8 9 2 .

ft ft ft ftAdirondack___Allegheny Vai. Atch.T.&8. Fe*

St. L. tfe San F Agg. tota l...

Atlanta^ Char.o Atlanta & Flor’a B.tfcO. East Lines

Western LinesTotal..........

Bal.tfeO. South w Bathtfe Ham’nds Bir. <fc Atlantic. Bir.Sh.&Tenn.R Brooklyn Elev.. Buff.Roch.&Piti Bur.C. Rap. & N Camden & A tl.. Canadian Pacifl e Car.Cum G&Cb.Car. Midland___Central of N. .1 Central Pacific.. Central of 8. C.. Char. Cin. &Chie. Chariest’n&Sav Char. Sum. & No. -Cbat’qua Lake.. Cheraw.tfcDari..Ches. «fc Ohio___Ches. (). &.S. W. Cliic. Bur. & No. Chic. Bur. & Q .. Chic.tfc East. 111. Chicago & Erie. Chic. Gt West’n Ch.J.R .& U .S.y. Chio.Mil.&8t.Pt Chic.tfc Ohio Riy. Chic. t&N’tliw’n. Chic.Peo.&S L.6 Ohio. R ’k I .& P .. Chio.St.P.M.&O, Chic. & W. Mich. Cin. Ga. tfe Ports. Cin. JacktfcMac. Cin.N. O.tfeT.P.

Ala. Gt. South. N. Orl. & N. E. Ala. 6c Vicksh. V ick '. 8b. & P. Erl a igerSyst.

Cinn. Vorthw’n. Cii>. Porta. & V..

Col. & Maysv. Clev. Akron&Co. Clev. Can. tfe 8o.CL Cin.Ch.&S.L.

Peo. & East’n.Clev. «fe Marietta Col. Newb. & L.Col. H. V. & Tol. Col.8hawnee&H Colusa & Lake..Conn. River.......Current River..Deny. 6c Rio Gr.Des. M. No. 6c W. Det.BayC.tfeA.lp.Det. Lans’g&No DaluthS.S.cfeAti.Duluth & Winn.. E.Tenn.Va.& Ga Elgin. Jol.tfe East Evans Ind’ plib &Evaus. 6c Rich.. Evansv. & T. H.Fitchburg...........Fliut <fe P.Marq..Florence..........FI.Cent, tfe Peniu

* Ft. W. tfe Rio Gr **v Gadds. & Att. U.

Georgia RK....... May.Ga. Car’la <fe No-1 April Geo.8o.<feFla... June Georget’n tfe W’n' April G.BayW.tfc8t.P. March.

•May.........May..........lstwk July 1st wk July Lst-wk July April May.June June lune 2d wk July April.. June . . June..2d wk July 2d wk July 2d wk July May.2d wkJuly April JuneM ay............May............April.........June.........April..........June..........May............M ay...........2d wk J ulyJune.........May............May............2d wk JnlyMay............•2d wkJulyApril.........2d wkJuly 2d wk JulyMay............4th wk .J’neJune..........May............2d wkJulyJune.........2d wkJuly lstwk July 1st wkJuly lstwk July lstwk July lstwk July lstwk JulyJune.........June.........June.........lstwk July J u n e.lstwk July lstwk July 2d wkJuly April June Tthwk J’no June.. March, lstwk July 2d wkJuly June June 2d wkJuly 4tli wk J’neMay........lstwk July .Tune 2 d wkJuly 2d w k July 2 d wk JulyMay...........2d wkJulyA pril.........May............June..........M ay...........

Gr.Rap.tfelnd... 2d wkJuly Cin. R. &FLW. 2d wkJulyOther lines___2d wkJulyTotal all lines. 2d wkJuly

GrandTrunk___WkJuly 15Chic. & Gr. Tr. Wk July 8

, . DeLGr.H.&M.iWk July 8

13.337 240,847 647,040 145,862 793,502

57.820 3,992

1,661,270496.091

2,157.36747,631

1,962,4224,814

30,83180,17264,66858,171

421.000 3,2272.500

1,263,970 1,330,24

7,7979,000

57,1667.500 4,904 5.924

181.892172,634224.001

3,290.84286,580

232.99873,077

188,687584.604

2,1232,818,836

29,4471,717,164

637,85330,489

5 ,7 -910,48565.345 26,551 20,771

7,8796,075

126,6211,712

24,1541,289

19,576103,000258,647

30,8575,7263,849

321.06915,834

1,50797,742

1,744114,700

32,92840,30018.820 77,76025.345 86,684 65,987

8,8823,035

31,570647,629

53,57812,846

124,79627.121

1,28489.24830.122 71,270

4,15645,04242,242

9,2073,664

55,112394.851

1 5 ,0 0 324.249

11,218215,358647,415136.131783,546

54,4367.375

1,629,102466,537

2,095,63945,886

1,8533,795

21,20632,92062,59574,44456,001

421,0002.376 4.001

1,146,787 1,226,807

7,222 9,646

58.828 8,5o5 4,898 4,053

207,732 163,525 152,752

2.822,925 76.808

196,511 95,946

203,443 652,321

1,295 2,535,790

29,713 1,470,910

572,464 35,139

5,784 11,818 75.205 28.833 19,957

9,333 6,579

139,907 1,760

22,187 1,103

19,540 81,836

276,191 30,252

5,674 2,622

278,677 20,471

1,905 93,154

3,096 16 4,200

37,225 30,902 22,029 66,608

7,988 102,342

62,313 7,200 2,724

26,190 597,367

51,778 2,047

119,061 25,138 1,616

104,341 10,811 60,398

4,195

70,977! 1,083.658

66,483 1,001,084

20.019,787 18,361,m o 4,421,193 4,101,532

24,440.980 22,463.342 263,3021 252,972

33.225 3 4,3559,235,917; 9,363,618 3,071,505 2,934,413

12,307,422 12,298,031 1,336,081 1,324,281

6,92817,229

6,61420,551

1.053,433 1,798,‘'SO 2,016,623

228.4901

1,013,812 1,631,214 2.092.771

*122.17710,2^1,124 10,658,488

15,863 23.519

5,816,570

12,10425.862

5,532,2995,443.546 5,461,879

48,2169,6284,575

62,4.19389.168

73,45825,543

39,446 72,731

263,799 81,037 21,251 42,994

5,281,5381.158.986 1,010,061

15,683,3292.284.987 1,211,191 2,227,073

821,28117,441,376

11,831,740 658,237

8,994,556 3,210,886

994,503 32,080

362,840 2,074,310

904,513 717,576 275.837 253,592

4,225,829 9,415 128,822 6,784

521,865 449,797

6,923.238 845,680 183,410

25.794 1,643,733

329,541 10,293

264,46 87.702

4,517,445 186,-32 2 4 :,0 6 6 623,860

1,030,097 106.356

2,919,439 460,672 191,523

77,983 701,*05

2,954,840 1,588,549

58,229

189,206

37,752 69,810

256.606 71,847 19,77433.981

4,955,065 1,038,865

818,89914,910,5442,035 ,4 -91.162,1352.461,562

925,82616,863,478

11,892*958 600,889

8,081,598 3,216,474

992.190 31,038

342,693 2,1*5,901

885,413 623,708 3 0 -.3 7 6 263,052

4,2u6,449 9,591

112,647 6,86 3

492,327 373,080

7.176, U 6 877,603 169,507

17,244 1,5 5,964

322,457 10.3V7

255,37890.982

4,506,343196,443 182,914 605,069

1,017,581 57,180

3,100.194 396,442 178,879

59,216 646,1S2

2,880,190 1,572,180

15,740

Roads.Latest Earnings Reported.

Week or Mo 1893.

173,126

579,774167,555415,980

15,291121,342

1,237.798248,933116,664

1,604,60610,137,990

1,837,279554.906

5 9 4 ,7 7 051,329

366,58016,633

1,275*492253,329128,246

1,657,60210,119,038

1,983,556589.813

Great North’n - St. P. M. <fe M East, of Minn Montana Cent

Tot. system. Gr. P.Wal. & Br. Gulf 6c ChicagoHarts v ille .........Hoos.Tun.&Wil. Hons E.tfcW.Tex HumeBt’ntfcShen Hutch.&South’n Illinois Central. Ind.Dec.tfe West. In.&Gt.North’n Unteroc. (Mex.) Iowa Central Iron Railway Kanawha&Micb Kan C. C l.& Sp. K.C.F.8.tfcMem. K.C.Mem.tfc BirK. C. Pitts. <fc G. Kan.C. Sub.Bel! Kan.C.Wy.&N W Keokuk & West.L. Erie All. tfe So.L. Erie <& West.. Lehigh & Hud.Long Island___Louis & Mo.Rlv Louis. Ev.&St.L, Lonisv.tfcNasbv. Louis. N. A. & Ch Lou.St.L.&Tex, Macon & Birin.. Manches.&Aug.Mania liqu e.___MemphiSt&Chas. ;Mexican Cenr. Mexican Inter’] {Mex. Natioual. IM exican R’ way Milwaukee & No Mineral Range. Min neap.tfeSLL.M. St.P. &S.8.M M o.Kan.&Tex.. Mo.Pac.&lrouM Mobile <fe Birm. Mobile tfe Ohio.. Mont, tfe Mex.Gli Nash.Ch.tfe St. 1..N. Jersey &N.Y. NewOrl.&So’n ..N.Y.C.tfeH.R___N. Y. L. E & W N. Y.Pa.&Ohio.. JST. Y.tfeN.Eug... N.Y.tfe North’n .. N. Y. Out, tfe W .. N.YSusq. <fe W .. Norf. & South’n Norfolk <fe West. N’theast’n (S.C.) North’n Central. NorthernPacitic

Wis. Ct. Lines. N.P.& W.Cem.

Ohio & Miss........Ohio River.........Ohio Southern.. Omaha &St. L .. Oregon Imp. Co. Pad.Tenn.&Ala.

l’enn. Mid I’d.. Pennsylvania... PeoriaDec.&EvPetersburg.........Paila. & E rie... Pliila. <fe Read’g.

Coal(fcIr. Co.c. Total both Cos. Lehigh Valley.

Pitts. Mar.&Ch. Pltt.Sben.&L.E. Pittsb. & West

Pitts. Cl. & i’ol Pitts. Pa. & F. Total system..

PiU.Young.tfeA. Pt. Rovaltfe Aug. Pt.Roy.&W.Car. Quincy O.&K.C. Kioh.&Dan. sys. Rich. Fr’ksb. tfe P. Rich, tfe Petersb. Rio Gr. South’n. Rio Gr. West’n.. 8ag.Tuscoia(feH. Sag.Yal. & St. L. St. L. A. & T. H. Sc.L.Ken’et&So. St.L.Southw’rn. St. Paul & Dul’tb San Ant. 6c A .P . Sanders v.tfe Ten. 8.Fran.tfeN.Pac. Sav. Am. tfe Mon. Sav.Fla. tfe West.Silverton.............Sioux City & No.South Bound___SoutiitfeNor.Car. So. Pacific Co.—

GaLHar.&S.A Louis’a West.. Morgau’sLtfcT. N.Y.T. & Mex. Tex. &N, Orl.. Atlantic sys.i/. Pacific system

Total of all.. OoasfcJ>iv(Cal.) 6on. Div.(0al.) Arizona D iv .. New Mex Div.

1892.

JuneJune Tune June April June April May.Juue June June June June 2d wk July

k J uly 1 2d wkJuly June 2d wk July lstwk July lstwk July 4th wk J’ne lstwk July 1 wks July June lstwk July June 2d wkJuly lune 2d wkJulyA p r i l ...........2d wkJuly 2d wkJuly 2d wkJuly lstwk July June April June lstwk July 2d wkJuly February 2d wkJuly ■v k J uly 1 itliwkJ Juue . . . June .. lstwk July 2d wk July 2d wkJuly 1th wk May lune . . . M ay.. . . Juue . . . March.. lstw k July Juue.. May. .. April.. March. June..2d wkJulyMay............May............2d wkJuly April.May. .3d wk May 3d wk May i tli wk J’neJ une.........lstwk JulyJune..........April..........M ay...........June.........June..........May............2d wkJulyMay............May............May............May. . . .

ft1,245.844

107,792 87,829

1,441,465 1,611 2,646

420 3,088

29,557 8,600 5,09 *

1,930,455 32,675 58.345 30,100

'34,946 4,517 5.494 3,995

63,625 22,322

3.414 12.454 23,538

6,730 6,748

60,067 49,496

128,475 33,548 32.472

339,020 70,881

9,866 4,957 1,122 8,204

18.833 126,613 165,809 70,623 59.711 52.181 10,495

152.980 68,610

187,428 404,11ft 6,021 263,158 88.000 382,255

2 3 ,/87 2,025

4,154,000 2,501,6 15 5y4,u80

*54,24887.776

169,66346,426

180,20962,447

610,296413,233

86.763672,595333,547

18,22551,57740,252

347,9422 6 ,3 5 8

15,494 50,4*1

507,784 L,914,059 3,669,347

May............ 5,583,406 5,370,747AprilJuue.........J une..........June_____June..........June..........2d wkJulyJune........April.........April.........J u n e ..........March........M ay...........M ay...........2d wk July 2d wkJuly Juue . M ay,.1st wkJuly June 2d wkJulyJune..........M ay...........Juue........Lstwk JulyJ u u e.........March.......June..........May............Juue..........April.........

ft944,500

99,01199,1

1,142.663 1,724 2,445

618 2,784

24,6 27 8,843 5,751

1,605,325 35,22 J 64,287 35,016 40,435

3,358 7,316 4,789

73,387 23,158

Jan. 1 to Latest Date.

1 8 9 3 . 1 8 9 2 .

6,450 119,104 36,91723.545 163,936 161,45 L

6.9*6 187.542 191, *626,534 40 823 39.5u3

62.50- 47,793

132,7L8 2,140,158 1,122,636 “ * 132.319 138,131

993 9 11 672,20111,477,6*7 10,994,268

31,401 25,399

396.340 63,535 10,953

5,691 889

8.090 19.7 73

155,965 11 '’,856 87,853 52.550 55,361 11,908

178,191 53,433

20 ,545 459,o2 4

4,895 2 48,092

33,28i 400,986

21,977 1,904

3,641,198 2 ,6 17,506

576,33

48*7*73 76,223

1 5 i,5 9 i 40,002

212,801 62,017

550,991 363,379

96,o83 1,039,796

302,017 17,133 42,330 39,469

309,574 21,504

18,110 16,660

14,770 46,961

439,131 1,829,209 3,541,537

May............May............May............May............vi ay............May............May............May............\ May.....May. . . . . . .M ay......... .

1 ,4 5 2 ,4 2 83,363

4 6 ,2 4 61 6 2 ,7 6 4

82,87848,80065,394

184.6791 1 ,0 1 319,32721.483

1,103,7207 4 ,1 6 43 2 ,8 9 - i

5 ,9 2 043,90011,439

8,94324,280

1,-1572.994

152,574

" '* 7 4 119,62741,854

284,39*7,500

28.570 15,000

6 3 9

350.88584,830

430.16020.571

155,7231,045,4333,112,5194 ,1 5 7 ,9 5 1

908,5701 6 4 ,7 2 777.472

1,307,960 3,o47

32,263 118,304

54,019 23,359 4 8 ,4 15

157,764 11,937 17,197 21,036

1,059,600 70.205 30,928 13,108 58,500 10,385

7,68* 22,lo0 2,439

75,624 184,048

"**5*3*921,15044,565

288,34414,90230,74213,000

538

338.037 73,077

315,848 10,247

127,030 903,642

2,898.96 3,802,599

809,405 167,326 88.43-1

* i5,930,367

4 7 6 .5 0 2572.871

6,979,7417,023

19,9714,991

14,461

63,16231.596

9,878.880208,533

2,125,6321,110.179

21.974 132,895 174.799

2,5 5.862 539.337

60,828 119.L04 163,936 187.542

40 823

1,743,990 1,620,508306,927

33,269 5,721

66,362 752,469

4,297,871 377,918

2,344.106 1,576,092

854,449 53,855

846.141 1,598,081 5.036.030

13,518.977

1,665.660 434,223

2,457,355 65,7 >8 65.735

22.627.508 1L,819,674 2,32 0,776 1,440,105

291,332 1,967,939

66 7,482 186,077

5,388,630 277,662

2,841,445 7,009,646 1,843,353

11,850,294 2,Oo9,172

395.106 344,397 195,826

1,487,698 159,186 1 l0,3o3

6 ,0 6 1 ,2 8 7 5 ,6 7 9 ,2 4 5 2 8 ,1 0 2 ,9 5 5 2 7 ,1 0 7 ,6 1 7460,755 244,208

1,991,448 8,950,187

17,920,581 26,870,767

5,641,672 19,717

197,859 784,024 400,440 175,252

1,480.593 718,558 116,143 120,248 1^9,836

341*392152,421

1,194,27458,012

805167913.5S3

2,565,904823,431706.594

3.3X9404,108262,673842,977

23,025150,759113,091

5,093

1,850,088477,010

2,196,85092,016

786,1135,160,098

13,6S7,69819,147,7954,243,981

8 9 1 ,2 2 5426.999

5,588.9534 7 2 ,0 7 9571,118

6 ,6 3 2 ,1 5 17,185

1 7 ,6 7 94,565

1 3 ,7 9 6

6 8 ,2 7 73 0 ,9 2 7

9 ,1 1 6 ,1 4 82 2 4 .8 8 4

1 .7 8 2 ,8 8 99 7 2 ,1 9 1

16,642196,332155,885

2,483.3895 2 2 ,6 6 0

319,655 37,602

4,556 74.593

6*5,247 4,109,079

247,279 2,129.869 1,611,669

796,668 66,189

907,272 1,429,954 4,513,621

13,310,770

1,656,056 316,934

2,481,149 64,012 70,262

21,325,008 12,050,474

2,242,007 1,360,887

245,616 1,736,488

635,072 180,696

4,912,371 271,868

2,763,309 7,748,842 1,971,818

13,052,315 1.940,593

327,108 303,944 188,080

1,473,982 93,429 86,425

4 3 0 .0 5 2 2 3 9 .4 3 3

1 ,9 0 6 ,8 2 18 ,8 6 7 ,2 3 2

1 0 ,2 3 2 ,8 7 61 9 ,1 0 0 ,1 0 8

5 ,3 3 4 .7 7 22 0 ,3 0 0

1 7 2 ,8 0 66 7 6 ,7 3 42 9 6 ,7 7 31 4 9 ,5 1 4

1 ,2 1 9 ,8 5 56 9 2 ,9 6 8

8 8 ,5 1 41 0 1 ,8 7 71 3 2 ,6 6 0

3 2 0 ,4 6 71 4 7 .0 5 2

1 ,2 9 7 ,3 9 25 0 ,7 2 43 6 ,7 3 2

7 1 6 .0 9 31 4 ,7 7 3

2 ,1 0 0 ,0 3 68 5 2 ,8 8 65 5 6 ,4 4 9

2 ,7 2 23 9 8 ,4 3 72 3 1 ,6 3 38 9 6 ,9 1 7

2 8 .3 0 01 5 7 ,8 6 5

8 2 ,3 1 64 ,7 0 3

1 ,7 4 1 ,5 5 74 1 5 .0 5 2

1 ,9 9 3 ,5 5 08 1 ,4 5 3

6 6 1 ,3 4 24 ,9 4 4 ,4 2 1

1 3 ,2 0 6 ,7 4 11 8 ,1 5 1 ,1 6 2

3 ,7 7 9 ,5 6 57 8 8 ,6 4 34 2 0 ,5 0 9

Jc-LY 32, 1S93. THE CHR0X1CLE. U lLatest Earning* Reported. Jan. 1 to Latest Dale.

Week or Mo 1892-3. f 1891-2. 1892-3,

South C arolina.. J u u e .........-Spar. Cn. A C t l . aortt.........Staten Is!. R. T . H a ? ...........StonyCL&CMJ.. May............Summit Branch. M ay..........

Lyk.-us Valley M ay............T ot'l both Co’* J u n e ......... i

T exas A Pacific * I *iw k JulyT et& V a l& S .W .'J u n e ......... ITol. A. A.St N.M. -id wk Apr.; Tol.& OhloCeutc M « k July Tol. p . * W est.. Isiwfc July T o l.S t. L .& K .C . 2d wk July T o t A So, B a v s s ; A p r i l . . . . . . !CTUter St D e l___ d a y ...........U n ion Paelfle—

Or.S.L. Sc V. S. May............O r.R y.& N .C o. M a y ...........U .P a c .D . i G . M ar............8 t .J o .A G d .ls l. 24 wk July-A ll other lines. M ar............ 1

T o t .I I .P 85s. M..y........ .3 ,O tit.H r.A 1-1.. May..........iM ontana Un . M a y ;.........Deal-. Top. & S. M a y ............M ao.A L A Bur.;M ay............

G r t i l t o t a l / May............ 3Verm ont Valley March____W ahaeh............... 2d wk JulyWab. (.'he*. « W. May...........W est Jersey....... M a y .____ _W.V.Cen.Jt Pitts M ay............Wes t V » A Pitta. A pril......... :W est.M aryland, iu a e ___W est. S- Y. Si P a itatw k July! Wheel. St V. Erie 21 wk July W ll.Chatl.ACoo A p r i l . . . . . .Wil. Col. A As;r April . . . .WrbchUT.A Ten March........

1891-2.

S78.900

7.722, 91.13-1

2.7-12 111,019- 103,744; 206.998;

97,9.12: 4.071;

26,577 41 426 18,693 30,280

2.058; 36,852?

648,202 3-13,587 4 9 9 ,9 '2

18,10.) ,732.398 L, ,3 20,176 3,

80,483; 101.833

2,268 5,083

,455,251 3, 16.896

250,600! 8,129-

116.457105,494

34,975lu l.7 l> "

66,800,3 2 , l » 8 ?

53,893!6,600

83.0137.5 5 7

9 1 .1 5 3 2.720

122,910 92.908

186.589 97,677

3,102 19,6551 34,791 - 20,351 38.936

2,177- 83,272:

585,701/ 340.936 511,6911

16 .IOO1 .740,740; ,260.373

9 .'.017 90,808

2 ,025 4,195

,400,915 14,850

2 5 '.4 0 0 5,991

131 .56 - 84,460 2 1,438 9 0 ,-0 4 63.91X, 30,602

2.53368,966

6,2051

S 1676,75436 -JA6339,403!

9,016. 541,740- 456,832;

1 ,205,537; 1, 3,280.934! 3,

26.150! 339.004

1.*‘38,372. 478.799 924,703 1,

6,611 140,858

2,589,389; 2. 1,517.543. 1, 2 .309.064; 2,

634,464 3,282.902 8,

15,209,693.15, 483.170 333,077-

11,211 18 ,2 6 s !

15,949,121 16, 41,298!

7 ,039.262 6, 31,636

597,926 455,608 118,647 551,970

1 .969,205 1, 814.873 9 001 247,373

853.26936.410

337,2228.519

546.298411.2S6,114,152,041,702

2 1 ,3 «92*0 ,265938.905492.050,029,000

7.837134,429

.626,842 ,548,841 ,199.917 605,074 ,500.764 ,320.742 495 ,646 45...519

15.691 16,732

,097,861 40,709

,978.118 28,895

560.040 433.652

98.995 481 ,550 ,676.349 738.619

9 .408 238.9 jO

ls i week of July.

Clev. Cite Chic. A St. I,Peoria & E a s te rn ____

Cleveland A M arietta-Current R iver.............Detroit, Or. Hav- A Milw. East. Tenn. Va. A Ga . . . Flint & Pere M arquette. Grand Rapids A Indiana.

Cincinnati R. St F t. WO therliue*....................

Kan.- City Clin. & Spring, kau. City Ft- *9- A M em ..Keokuk it W estern...........Louisville St. L. A Texas.H --a: mi is & C harleston ..M exicau R ailw a y ..........Minn. St. P. A S . .8. M . . .Onto R iver..........................San Fran. A 2*0. Pan Ilk-,. Toledo Peoria A Wnsi’n . Western X. V. A I ’e n u ..

Set de :rea.se (3 00 p .0.1

1S93. 1892. Increase.--------------

Decrease.* $ $ «

258,617 278,191 19,54430,857 3 0,2 n 2 60 .

5,015 6.196 2511,744

24,2493.016

2 5 ,i4 i1,3521,294

86,681 102,34 > 15,05855, U 2 5 i. 40 L 1,74141.885 4 9 ,5 11 . . . . 7,656

7.060 9,643 2,5834.545 5 ,5 /0 1,0253.9 it 4,798 _____, 80S

63,6 Jo 73 .3 3 7 9,7626.730 6,996 2669.366 10,958 1,092

18.8 13 19,773 94050.500 46,011 3,85963,610 53,433 15,15713.22 > H .1 3 3 1,09219,627 21,110 _______. 1.52318,69 i 20.354 1,661

. . . . . . . .66,300 63.300 3,009

6,592,979 6,797,487 173,773 378,281204.50S

* Includes Colorado- M idland in 1 89 3 and 1892 b oth tor the week and the year to date.

* Include* Milwaukee A Northern tor all period*.tt Futures co y e r on ly that part o r m ileage lo ca te d i s South Carolina.

5 Earnings r iv e t azo on whole JacEsonvUle doutfte&stora System . t The business o f the- Lehigh Valley and Lettish A W ilke* barre d e ­partm ent a is UiUhntttd in 1833- 4 Include* m n i l s ^ Irma fe m e s , n il'., run given separately. t M et lean r-irrcnev. e 1*1)1- c ,)!. A Out, lholu,le<t tor toe week and slnee Jan . t in k-jth rea m f include-* o n ly ha lf o f lined In which U tioft ftohffic ha# a h a lf lute rent.'

i,at«srt O m Earn Ins,'* by Weeks.—The latest weefci- eartmisr* in the foregoing table are s -parntt-ly summed tip as follows;

O u r s ta te m e n t o f F a m in e s f o r th e s e c o n d w e e k o f J u ly c o v e r s 47 r o a d s a n d s h o w s a Jo%s o f 6*05 p e r c e n t .

* Include* Colorado M idland in both year*.

N e t Earuiufs Monthly to Latest Dates.—T h e f o l l o w i n g s h o w s th e g r o s s a n d n e t e a r n in g s t o la te s t d a te s o f a l l r a ilr o a d s fu r n is h in g m o n t h ly s ta te m e n ts . T h e c o m p i la t io n in c lu d e s e v e r y r o a d f r o m w h ic h w e c a n g e t r e tu r n s o f th is c h a r a c te r , a m i in th a t f o r m is g iv e n o n c e a m o n t h . E a r ly r e tu r n s a re p u b lish e d f r o m w e e k t o w e e k , a s s o o n as is s u e d , b u t f o r th e c o n v e n ie n c e o f o u r r e a d e rs a l l th e r o a d s m a k in g r e tu r n s a re b ro u g h t t o g e t h e r h e re in th e w e e it in w h ic h w e p u b lis h o u r m o n th ly a r t ic le o n n e t e a r n in g s — say o n o r a b o u t th e 2 0 th of th e m o n t h . A p a ra g ra p h m a r k ■* > a d d e d a f t e r th e n a m e o f a ro a d in d ic a te s th a t th e f ig u re s f o r th a t r o a d h a v e n o t pre­v io u s ly b e e n g iv e n , b u t a p p e a r f o r t h e fir s t t im e in th is issu e .

-Grose Larmnjs.-Roads.

Adirondack'". --------- MayJan. 1 t«> May 3 1 . . . .

A llesb eay YlM ey . ' May Jau. I U> -May 31 —

At. T . A 8. F* - v t.-May

1892.as

11.213 6 6 ,lb 3

213,358 1,001.081 3.251.161

11,731,105

yet Earnings.1893,

8193

21.778 105.966 360,752

1,384,151 4 .t o t ,027

1392. S

dpf.2 ,32519,17589.634

369 ,1941 .225,52?4.003,682

2 / week of July.

-Bi.lt. B o - - B iBa Mu

yn Els ftteb.

KaC&Diitliiili l'a fh A S o r iii .l

fee ist U&»' m

Obicaic- QUcajro Fami*Ch\e:x%;<> Si Ohio H irer, .» CMeaK/i A West- Hu-tnsm Oin. J aek#<i> ti St Mawikiimw Cterei&Bd A Marietta. .. C e n te r A R io Ot%m\c. .. D etroit Issming 4- North.

A ladiaBaprj*!*., Mrmsr. A Bictoroout!.,,. . . Svm&sr. A Terre H aate Wmt A Here Marti aetr ;. l i f t e d BupliJs & Jn4U o»

tMmimmU E. A Ft. w ..O tte r H um ......... . . . . i

O fsnd T ra sk o f Csutawisk I InternT a Ut- S o r tb a . . . Iowa C entral.-Kajjawujk A M lrblirao.. , . j ta k e Erie A W estern..Lo* ur le i *a .i ........ Jjjoa i*r. B f i o i r . A *t. L

A K«MHvtlle, 1 to m * . M. Attoany A Utiic.l mmOzm emtttmu. . . . . . . .m$attaui $mmmi. . . . . . . .Mo, Ummm A tm m 1Me. Pnetfii ^ Mr . . . W, T* O ntario A Western fo r fo ik a We t t t f f f e i i Feori* I»ec. At Eviso-sv.. Fttt»0mrg A- W@*fern. . . . . . I■Eio Orande S ootbem .* * J felo

1803,

§0*. IT 2} 04#0®-i

4 r» ,o 0 0 j * “ J . 9 I -TStvTTf

5a 4,80*2,123

-

H 4 ,70 iij 13,820

8,882 j 3 .015'

31.570 63,57*1 42,2421

0,20/| 8 ,004

301 ,851 ’: -. -1

34,9 m' 5, m l

80, 87; 12 **,475

32,472! 3 8* .02O.

70.88 i ! 128,018

70,82 i* 1 87 ,4 .8 ! 404.1 l i t

$ 7 *7781 l80»200{

15.404 ■ I

5*8201

1892, Incream, f therms*.

4 5#i § 8 32,02y

4-11,000! 207.732?

7 0,J§'081

032.321

33,1301 11.818

3.074? 100.200!

22 ,0 27( 7 ,200 2.7*24

2 8 ,10O 51.778? 48.210?

0,82*1 4.373;

M 9J 08? 04,287 40.4-25'

7 ,318. 02»-5#|7;

182.718 25ǤiriJ.

3^0,348 %AjxShm'S f*s

V45f

70.22IT212.-801;

14,778 ’48,41513,104'

i1,745;

W fS 7 ij

''d ir r a j

a i l !5,3901.500;

5,6*3:

7.073;

U .5 5 3 ;

" ” ? i i j17,470f

§!* Jwse Mi A 09, Mm4„J Si, Lmm A 5>oriihv, f**Hn 1[ IS; iO0l ! 72,00 41 1-6*1007.5,62-T 2.000 jToledo A Ohio Central..1 . Kan,City.! 4I,4-1#Tj 30/2 SO 4,6*5

Wbmttiaf* Lake Erie.. |[ mMM957,400;30,002 “ t j fa l

Xt>*ai (47 read*)....... . " 4,726.506 5,031,038? 105,207}Set decrease |6 03 p. r-l.

MHwnuFeo &For the first w.*-k

ro«<li. and shows 3 (>jof July Ob per cent Us

sr final it&taoaenfc c m in the aggregate*

Itt mek a/ July \ 1893, 1892. ! Increase, j

RSrfIou#ijr rep'4 *4 3 r?<1a7 *u&Tq&,a san, reSj.ii’. St. hfmVs A Siua f'r. *.?

A Of. Trask. . i

| 1,715.98 ' 64 7,640 145,862? ! 75,003? 130,621,

* i4,373.789, 047.4151 136.1311 73.458 139,907 19,5 40

136,782 225 9,73 f l,545j€*•?«. Ake<m. A ttoimnh 10.576 ’ 38f

3 ,069

"»*,77ii

ib'Jiid■HWti‘>67.717'Y .S s o1,333 j54.509

3,207

» ,9 7 t j421911

"5.912 5.1*9 j 1.622 2 ,500 1,213

’ *7.320

*29? 3*47 17.230 14,117 55,376

32.592

7,18b 14 60 0

* 2 .6 3 0**6.6*56

1,490

o v e r s 73

f290,585

1*3',286

587.166 2 .696 ,SS7 u ,d t8 ,2 8 i

91 ,264 370.117

1.0J6.3 17 681,751

3.066,334 7. U 1,625

486,5122,765,1156,168,318

41.978319.406950,017528.519

3.1S7.5207,111,402

1603.S

13,337 7 0 .9 /7

240,947 1 .091 ,6 )8

. . ______ .. 3 ,003.410-I la. 1 M.-., .s; I--.U* ; . i7 * 'J u ly 1 to M «>- ;! ! , )* ..>21.2 15 3 5 ,2 9 ),3 6 t 11,666,843 10,612 ,«3 6

8 t.L ,A 9 au P r.8 v* .b M .,} 762 .858 609.0- 4 253.249 267.318Jan l to M i 2 . SI . . 3 /.K i,7 1 5 8 .249.830 1,000.657 1.069,525Ju ly l to M ty :u - .# ,0 7 ^ 3 7 8 8 ,0*0,673 3 .101,587 3 ,019,283

Ac*re»t»(«' Tut a bb May 4.366.29S 3 ,049.2*5 1,63 ,10 0 1 .493,845 Jan I 1,1 SI-,1 .11. . 19,7 2.•>.«»;»J 17..181,011 3 ,493,685 3 ,082,208July 1 to M ae 3 1 . . . .4 6 ,6 9 *.332 43,366.039 1 4 ,7 6 6 .2 6 0 13.361 .310

B altim ore A O h io—L lu .v E .i l . U b • June 1.641,276 1.629,102

Jan . 1 to June 9.2.1 ',9 1 7 9.361.619J u ly 1 to Jam 3 0 . . . 18.SJ0.220 19,815.014

L ta * < W .0 .K .b * June 406 ,081 486,537Jan. 1 tu June 3 0 ___ 3 .071.505 2. (14.4 11Jute 1 to J out* 3 0 . . . , 6 ,430.738 6,032.344

T ota l * y * to m .b ..r June 2,157,367 2 ,095,63 )Jan. I to J u n e 3 0 . . .12 .807 ,4 J2 1*.291,331 J u -r 1 n> Juno 3 0 ....2 0 .0 8 0 ,0 5 6 25,877,358

B. A G. S ooth nr. b ...A pr,a an. I to A pr. JO___July 1 to Apr. 3 0 —

Bath A H am m onds. ..Apr.Jan. 1 lo A pr. 3 0 —

Blrm. A A tla n tic . b * Mur J an I to May 31— ,July 1 to M ay 31 —

B ir.9h«(.A T «a .P -.h . Apr Jan. t lo Apr. 31) —Ju ly 1 to A pr. 30 —

B r* k ly a E levated - f - Ma y Jan. 1 to May 81 —July 1 lo M »y 3 1 ___

Buff. ft. A P ill* b MayJan. t to Slay 3 l ___Ju ly 1 to .M ty 31

Bari. C eitB . A M «.« - dayJan. 1 to M ay 3 1 -----

Cam. A AW. A lira «*: M ty Jaa. 1 10 M ay 31 —

CanaiUan PacHIc a .U ay.1 an. 1 to May a I -----

Carolina M idland. .1-May Jan . 1 to May 81 —July 1 to M a y 3 1 . . . .

Cent, o f S e w Jcrreya M a y Jan. 1 to M ay 3 1 -----

Jau . 1 tu May 3 1 . . . . Char. can. A Chic. .«<Ma.v

Jau. 1 to M ay 3 1 ___Chanlauouu f/tee . . . 1! May

f an. 1 to Ma y 31 Cheraw A Dari. .!>' .M ay

J an. 1 to May 3 1 -----J u ly l t o May 31 —

Chesapeake A O hio a M ayJan. I to May 3 1 -----J u ly l to M ay 3 1 -----

Cue*. A O. 8 . IV ..U ...MayJan. 1 to May 3L-----Ju ly 1 to May 3 1 -----

Chic. Bur. A N or.. .1>. May

200 ,402 186,523 66.217 61,824816.10S 8 )0 ,7 0 3 242 ,200 299 .164

2,233,631 2 ,202,615 816.329 866,2741.967 1,858 815 7036.928 6,611 2.521 2,1192,790 3,069 daf.492 905

I t , 80 r 10.756 86 1.20835,459 40,114 4,559 6,93216,901 16.069 3,343 5,6498 2.132 72.592 25,4 12 24,912

2 11, J66 19 2.177 60.170 72,7.00177.080 17 9,051 33,9 (9 78.767810,745 801.117 371 .913 358,391

1,792,173 1.6*5.173 7,90.1-12 730,569307,951 209.5 92 100,161 67.186

l.J 32 .3aa 1,2 >1,302 AS 1,73d 3 )9 .1 503,050.0-16 2 ,7*5 ,018 977,013 BIO,324

310.949 277,409 53.19 2 55,3 901,564. tO j 1,6 9.9 26 f 315 ,253 466,313

58,171 56.0 U 7.20 f 1.333228,190 222,177 d o f,2 0 ,6 1 I del.25 ,046

1,005,5 12 1,702.624 503 .585 600 ,9847,563.124 8,02 J ,2 U 2,346,913 2 ,651,333

2 .7 13 3.741 dof, 1,100 dof.63021,019 21.901 4 2 i dot. 1,02058,730 53,520 11,101 9 ,469

1 ,2 6 3 .(70 1.146,797 495,301 407,9154 ,816.570 5,532,239 3,13.), 135 2 ,2 )5 ,1 9 71.330.218 1,2 26.8 (7 556,109 509,1815,413.5 tO 5 ,4 )1 ,9 73 1.J2J.9.W 2,107,439

10,524 9.119 def. 3,199 d o t 1,802 •Oi.1.10 60 .U U dsf.2.1.315 def. 7,537

4,90-4 4.93.9 854 1,04921,251 13,771 471 1 ,927

5,921 4 .053 def.797 ’ d e l 9 »042,994 33.9 9 l 13.49*1 6 ,42683,73 4 95,172 25.603 2 0 ,3 )2

- 863,120 741,155 201 ,733 157.175. 4 ,106,329 3.742,7 •>> 1 ,185,604 806 ,182

9 ,190,287 9,091,231 3 ,0 0 2 ,2 .9 2 ,231.183185,229 167,032 67,152 45,453986,352 875.310 34 7,744 2 33 ,08 4

2,231.955 2,t3l,2i>9 7SJ.4L9 770 ,877■ 221,001 152.752 82,967 37,230

1.010,061 911.899 361 .702 2 63 ,05 43.290.842 2.422.975 1,109,394 7 7 3 ,86 3

15,633,329 14,910,544 4,751,302 4 ,6 5 8 ,2 3 4

142 THE CHRONICLE/,------G ross E a rn in g s .------ » /-------N et E a rn in g s .--------

1893. 1892. 1893. 1892.R oad s. $ $ $ ' $

Chicago A E. 111., a. i| Mav 360,150 299,012 134,129 70.616Jan. 1 to May 3 1 .. . . 1,758.483 1,551,516 584,942 500,800July 1 to May 31___ 4,085.026 3,455,576 1,487,823 1,282,311

Ch.Jun.RAU.S’k. Yds.Apr 188,687 Jail. 1 to Apr. 30 . . . 821,231

Ohio.M.&8t. Paul, .a May 2,540,294 Jan. 1 to Mav 31....12,607,936 July 1 to Mav 31....31,227,076

Ohio. A W . Mich........May 174,634Jan. 1 to May 31 ----- 781,729

Gin. Jack.& Maek.TI bMay 52,239Jan. 1 to May 31 ----- 284,734July 1 to May 31 ----- 679,611

QCn.N.O. & Tex.P. 11 a. May 343,016Jan. 1 to May 31___ 1,665,351July 1 to May 3 l ----- 3,831,356

Ala.Gt.8outlTn.1Ta.May 144,791Jan. 1 to May 31___ 738,133July 1 to May 3 1 . . . . 1,678,400

N .O .A N o ’east.lTa.tfay 112,971 Alab’a & Vicks.. Ua. May 38,556Vick8.8h.APac.1Ta. May 34,432 Total system ...ITa.May 673,766

Cin. Ports. A Vir.flb.M ay 22,511 Jan. 1 to May 3 1 . . . . 101,668J u ly l to May 31----- 252,604

Clev. Akron ACol.bIT May 84,382Jan. 1 to May 31___ 413,461July 1 to May 31___ 939,563

Clevel. Can. A So. b ... Apr. 78,912Jan. 1 to Apr. 3 0 266,797July 1 to Apr. 30 784,556

Clev.Cin.C. A St. L .a.M ay 1,184,755Jan. 1 to May 31___ 5,464,831July 1 to May 31___ 13,460,952

Peoria & Eastern.a.. May 142,103Jan. 1 to May 3 1 ___ 665,443July 1 to May 3 l ___ 1,592,376

Cleve. & Marietta.. IT Apr. 28,910Jan. 1 to Apr. oO___ 116,137

CoL H . V . A Tol-----b Apr. 276,837Jan. 1 to Apr. 30 ----- 1,079,355

Colum Shaw. A Hock. A Dr. 52,477Jan. 1 to Apr. 3 0 . . . . 238,436July 1 to Apr. 30 ----- 658,824

Current River.............May 12,839Jan. 1 to .vlay 31___ 75,321July 1 to May 3 i ___ 185,706

Den. A R. Grange. b .M ay 757,717Jan. 1 to May 3 l ___ 3,561,245July 1 to May 31___ 8,570,457

DesM o.No. &VV........Mar. 36,907Jan. 1 to Mar. 31___ 94,642

Det.BayCityAAl bjj.May 42,474Jan. 1 to May 31___ 200,766

Det. Lans. & N or..a .M ay 101,063Jan. 1 to May 3 1 ___ 489,409

Elgin Joliet AE ..a1iM ay 77,718 Jan. 1 to May 3 1 . . . . 394,685J u ly l to May 3 1 . . . 8o2,636

Flint A Pere M ar.a..M ay 258,611Jan. 1 to May 3 1 ___ 1,239,004

Gadsden A Att.Un. IT May 1,284Georgia R R ..........HuMay 89,248

Jan. 1 to May 31___ 579,774July 1 to May 3 1 . . . 1,393,310

Ga. South’n AFla b.EMay 65,547Jan. 1 to May 31___ 344,7 l0J u ly l to May 31___ 747,339

Grand Rap. A lnd..1TMay 271,740Jan. 1 to May 3 1 ----- 1,245,966

£Grand Tr’k of Can..1TMay 323,617

Jan. 1 to May 3 1 ___ 1,531,163Chic. A Grand Tr. U May 61,672

Jan. 1 to M a y 3 i___ 293,729Det.Gr. H. A Mil. 1).May 19.360

Jan. 1 to May 61___ 89,782

G reenBayW .A8t.P-. Mar. 45,042Jan. 1 to Mar. 31___ 121,342Aug. 1 to Mar. 31 ............................

Gulf A C h icago ...b .Apr. 2,862Jan. 1 to Apr. 3o___ 13,689

Hoos. Tun A Wilm.lTMay 3,088Jan. 1 to May 31___ 14,461

Houst.E.AW.Tex.1TJune 29,557 Illinois Central..a 11 June 1,930,455

Jan. 1 to Juae 30___ 9,878,880July 1 to June 30. ..20,073 ,240

Ind. Dec. A W est... 11 May 31,441Jan. 1 to May 3 c___ 175,»63July 1 to May 3 1 . . . . 456,281

Iowa Central..........b .M ay 155,147Jan. 1 to May 31____ 749,356J u ly l to May 3 i ___ 1,797,341

Iron Railway___ blJ..May 4,309Jan. 1 to May 31___ 17,467J u ly l to May 3 1 . .— 38,338

Kanawha A. Mich. b . Apr. 29,169 Jan. 1 to Apr. .>0 . . . 113,482July 1 to Ap». 30___ 304,696

Kan. C.Clin. A Spr...M ay 30,028 Jan. 1 to Mav 31. . . 150,359July 1 to May 31___ 524,133

Kan. C. Ft. 8 .A M ..a .M ay 374,734Jan. 1 to May 31___ 2,104,566July 1 to May 3 1 ... .. 4 ,779,652

Kan. C. Mem. A B ..a .M a y 71,862Jan. 1 to May 3 1 . . . . 467,498July 1 to May 3 1 ___ 1,089.163

Keokuk A West’n. b.. Mar. 32,443 BHICEJan. l to Mar. 31 — ' 97,158

203,3 43 111.720 133,538925,326 525,261 641,061

2,251,619 739,107 573,49012,145,697 3,629,158 3,608,73729,698,730 10,482,865 10,067,635

160,717 41,401 45,552762,614 134,036 196,44754,135 5,195 11,594

267,118 51,503 58,229644,171 171.249 162,993344,901 71,000 63.194

1,704,101 390,702 387,7753,990,903 911,184 1,095,501

133,090 20,212 26,096721,707 123,999 135,906

1,747,067 305,573 405,06396,484 19,200 12,00045,117 5,000 2,00034,712 def. 4,000 def.2,222

654,304 111,412 101,06820,324 2,090 2,78390,460 13,847 9,219

232,06 L 45,724 36,66086,597 21,244 24.696

384,816 100,015 101,154880,199 247,494 238.279

63,972 28,146 22,298209,898 90,052 72,532644,417 269,705 214,279

1,097,354 308,600 249/2395,596,936 1,250,035 1.307,449

13.341,933 3,366,825 3,776,472133,741 3,076 39,053704,415 59,529 193,799

1,690,207 267,743 483,03728,289 5,709 6,271

105,823 25,100 24,363285,929 111,983 123,361990,023 434,502 337,82646.724 11.675 9,859

194,841 75,687 45,178595,417 258,050 206,114

18,445 del. 1,214 5,99475.154 15,709 25,-39

162,425 65,321 67,445685,415 302,819 261,190

3,437,^43 1,462,2 L2 1,39-',3118,055,663 3,719,555 3,393,514

34,947 15,608 18,632100,382 36,911 48,13130,106 21,043 7,433

152,012 100,860 55,56393,76 L 17.96L 16,931

467,792 83,749 92,67560,997 17,575 11,275

334,129 82,228 93,454751,2 47 226,305 251/217218,596 59,622 59,086

1,254,932 287,930 357,8261,616 933 1,047

104,34 L 3,627 5,598594,? 70 109,6 i7 78,506

1,485,210 389,318 300,18758,473 8,179 14,772

306,182 50,962 77,822708,050 167,104 234,367251.548 49,712 52,351

1,266,683 253,606 329,993£ £ £

308,917 103,643 93,0531,568,092 375,817 463,876

60,435 11,049 13,932333,498 35,416 78,563

18,398 3,990 4,20297,049 10,150 17,396$ $ $

12,04231,16787,413 34/272

2,434 def. 176 def. 15012,202 3,118 def. 1,9442,78 4 7i0 909

13,796 2,921 3,51524,627 11,180 36

1,605,825 e770,103 404,4289 ,Lid,148 e2,919,471 2,115,097

19,291,760 e5,7o2,594 5,221,74030,263 3,441 1,032

189,661 33,188 47,634481,229 125,401 129,512123,508 50,081 11,7627 - 9,613 197,210 165,764

1,749,732 510,498 512,2412,994 def. 695 def.9ii

13,284 1,236 def. 19429,552 1,733 1,42431,610 7,438 11,836

114.307 35,689 35,931291,124 100.801 86,050

27,206 11,655 9.025129,879 60,222 43,185291,045 116,139 89,366374,333 57,106 67,445

2,037,967 513,759 437,1424,619,242 1,293/202 1/276,836

81,211 def. i3.966 1,538416,802 75,464 57/279

1.096,332 184,193 219,73935,891 13,101 16,644

105,178 39,775 45,931

- G r o s s E a r n i n g s . -1893.$

5,28534.075

302.680

1892.$6,294

32,969253.063

1,639,8771,707,6788,458,352

R o a d s .L. Erie All. A So.. a t May

Jan. 1 to May 31___L. Erie A West’n.b 11 May

Jan. 1 to May 31 . . . 1,493,277 Louisv. A Nashv.b. May 1,761,613

Jan. 1 to May 3 1 .. . . 9,004,867 July 1 to May 3 L ....20,689,796 19,519,525

Louisv.N. A. A C- .a.May 298,573 258,493Jan. 1 to May 31___July 1 to May 31___

Louisv. St.L A Tex.IT MayJan. 1 to May 31___July 1 to June 30----

Macon A BirmiDg..1[MayJan. 1 to May 31___

Manistique.............. UMayJan. 1 to May 31___

Mexican Central.......MayJan. 1 to May 3L —

Mex. International.-Feb.Jan. 1 to Feb. 28—

Mexican National.d. May Jan. 1 to May 31 ...

Milw.A Northern.a.11 MayJan. 1 to May 31----July 1 to May 3 1 .. . . 1,611,382

Minn. A St.Louis.a..May 143,915Jan. 1 to May 31___July 1 to May 31----

Minn. SEP. AS.S.M.HMay Jan. 1 to May 31 —

— N et E a rn in g s .------1893. Ib92.

1,283,1863,084,847

50,688253,999628,112

4,19428,312

8,36258,158

712,7433,376,869

165,809377,918373,734

1,887,336161,282697,458

693,1611,807,951

281,6841,225,251

Mo.Pac. A Iron M. b1T May 2,082,7 64

1,213,265 2,781,932

50,056 257.2 6 606,787

7,059 31,911 15,921 06,503

670,832 3,186.719

116,356 247,279 330,253

1,655,134 131,706 643,133

1,611,833 136,575 729,081

l,8 l 6,841 209.951

1,133,017 ,908,384

Jan. 1 to May 31....10,725,152 10,330,341Mobile A Birmingh.U May 21,695 Nash. Ch. A St. L. Hb. June 382,255

Jan. 1 to June 30___ 2,457,355July 1 to June • 0 ----- 5,131,779

New Orl.ASoutb-.all May 11,854Jan. 1 to May 3 1 ___ 55,162July 1 to May 3 1 . . . . 134,954

N.Y.L.E .A Western.cMay 2,501.615Jan. 1 to May 3 1 ....1 1 ,8 1 9 ,6 7 4 12 ,0 '0 .4 7 4Oct. 1 to May 31___ 19,700,547 20.250,206

N.Y. Ont. & W est.a. .May 322,482 306.118Jan. 1 to May 31___ 1,43L,783July 1 io May 31___ 3,313,976

N. Y . Sus. A West, b . May 169,663Jan. 1 to May 3 1 ___ 667,482

Norfolk A South’n ....M ayJan. 1 to May 31___

Norfolk A Western.aMay Jan. 1 to May 31.

Northern Central.b..MayJan. 1 to May 3 1 -----

Northern Pacific.. b.Apr. 1,653,257Jan. 1 to Apr. 30___ 5,857,913July 1 to Apr. 3 0 ....2 0 ,1 5 0 ,4 7 7 20,877,014

Wis. Cent.lines..b.Apr. 424.690 431,069Jan. 1 to Apr. 30___July 1 to Apr. 30___

Tot. both Co.’ s . . b. Apr.Jan. 1 to Apr. 3 0 ___July 1 to Apr. 3 0 ___24,889,032 25,462,300

Ohio A Mississippi..aMay 317,648 310,117Jan. 1 to May 3 L___July 1 to May 31___

Ohio River.............b IT MayJan. 1 to May 3 1 .. .

Oregon Imp. C o .a ....M ayJan. 1 to May 3 1 ___Dec. 1 to May 3 1 ___

Penn, (east P. A E .)..M ay 6,061,287Jan. 1 to May 3 1 ... .2 8 ,1 0 2 ,9 5 5 27,102,6x7

Lines west P. A E. .May Inc . 377,961Jan. 1 to May 31___ In c . 129,630

Petersburg___ . . . a IT May 50,421 46,961Jan. 1 to May 3 1 ___ 244,208 239,433July 1 to May 3 1 . . . . 492,984 478,123

Philadelphia A Erie..May 507,784 439,131Jan. 1 to May 3 i . . . . 1,991,448 1,906,821

Phila. A Reading... May 1,914.059 1,829,209 Jan. 1 to May 3 1 . . . . 8 .950,187 8,867,232 Dec. 1 to May 3 i . . . . 10,918,554 10,748.754

Coal A Iron Co........May 3,669,347 3,541,537Jan. 1 to May 31.‘. 17,920,581 10;232,8 76 Dec. 1 to May 3 1 . .21 ,238 ,3i7 12,134,242

Total both Co’s ....M a y 5,583.406 5,370,747 Jan. 1 to May 31. .26,870,767 19 .l0o .l08 Dec. 1 to May 31 ..32 ,156 ,870 22,8s2 ,996

Lehigh Valley........Apr. 1,452,423 1,306,960Jan. 1 to Apr. 3 0 .. 5,641,672 5,334,772 Dec. 1 to Apr. 3 0 .. 7,402,227 6,945,007

46,426186,077929,117

4,247.426610,295

2,841,445

1,583,1894,738,5552,077,9477.441,102

1,725,6253,957.247

66.922307,681347,942

1,487,6931,789,344

18,283400.986

2,482.1495,3o3,288

13,-0353,916

146.7182,617,566

1,25*,623 2.932,478

151,591 635,072

40,002 . 180,696

769,552 3,803,075

550,991 2,763,309 1,761,451 6,625,481

1.685,7124,535,2362,192,5208,309,194

1,638,5763,926,387

58,711249,659309,574

1,478.9821,771,8205,679,245

360 5,664

115.507 60o,372 511,059

3,019,771 7,531,093

106,656 370,339 942,395 18,002 93,556

250,952 def.770

3,322 4,826

29,615 268.155

1.L66.549 44.633

120.105 140,857 685,212

59,419 167,663 483,715

35,199 212,*24 657,12465.389

210.113 292,350

2,089,226def.7,970

142,691932.846

1,992,3742,0542,788

10.389 *843,694

*3,713,966*6,447,879

77.975257,658779.376

80.814272.512

17,43962,308

277,7271,093.749

217,677815.667615,700

1,719,8658,168,968

124,520393,166

1,673,661770,219

2,113,029

8148,137

101,910557,550560,011

2,832,4786,844,945

82,556374,565847,06216,94987,203

229,77076

def.1,760 12,867 38.288

239,145 1,000,159

35,919 88,876

110,754 508,383

44,662 190,860 591,995

30,745 274,729 738,335 40,279

349.665 304,827

2,223,923 def.951 151,232 898,629

2,029,008 2,536 5,002

10,741 ”896,002

*3,687,998 *6,400,417

83,524 249,784 707,716

71,997 268,078

16,153 68,116

206,024 1,021,627

120,174 733,799 750,614

2,401,749 8,756,894

135,468 506,280

1,678,468 886,082

2,908,0309,842,627 10,435,363

76,926 450.733

1,152,667 2 ’,942 101,866 57,474

2 >2.033 266.715

2,200,684 7,405,557

Inc . Dec.

52,901298,552976,901

23,50890,46851,861

249,501289,783

1,665,1337,694,013

402,987365,187

12,184 85,9j3

196,935 231,155 634,717 752,081

3,014.8*3 3,931,768

df. 132.724

9,144 107,228 223,450 137,199 552,286 810,832

3,739,917 4,647,602

20,265df.299,501 def.29,044 df.200,197 35,433

619,3382,715,3.143,731.571

4 17 /6 51,539.8722,120,345

831,0963,710,8734,683,035

343,012835,752

1,286,684Pitts. C. C. A St.L.fi June

Jan. 1 to June 30___Inc.Inc.

138,991165,803

Iuo. 153,333 Inc. 82,900

Pitts. Mar. A Chic. bUMay Jan. 1 to May 31___

2,842 16/354

2,87216,753

def 1/288 1.885

def 85 1,476

Pitts. Youngs. A A.U June Jan. 1 to Jutie 30___

184,679718,558

157,764692,968

83.6052<s8,451

59,548267,573

Quin. Om.&K. C.bITJune Jan. 1 to June 30___

21,483129,e36

21,056132,660

4,17241,507

2,26135,437

Rich. APetersb’g.aH MayJan. 1 to May 31___July 1 to May 31___

32,893152,421326,897

30,928147,052306,544

9,12142,365

100,113

11,13345,17686,751

Rich. Fred. A Pot.. IT May Jan. 1 to May 31----

74,16434i,392

70.205320,467

2 7,397 139,502

29,236135,945

Rio Grande 8outh.IT b May Jan. 1 to May 31 — July 1 to May 31___

48,751251,782663,658

55,748225,968430,562

21,613 117.147 326/2i4

28,668116,322235,780

Rio Grande West.b. ..MayJan. 1 to May 31___July 1 to May 3 i___

214,102 89 l,r»74

2/277,124

2L7,8P5967,092

2,413,127

77,331283,480809,841

75,171302,405892,267

8ag.Tus.AHuron.1[aMay Jan. 1 to May 31—

8,89546,573

9,08540,339

1,910lo,349

70712,129

Jclt 32, 1893.J THE CHRONICLE. 148

Roads.— Gross Ea

1893.%

rnings.----- ,1892.*

.------ yet Earnings.------ -1S93. 1892.

* % Roads.Sag. Valley A S t L -.M ay

Jan . 1 to May 31. .. 307*987 ,692

36,7322,777

11,2112,2767,820 ^ ni » a y 3 f ay.

Ju ly l to May 3 1 ___

105.494455,603

1,006,95595. to A. A T. H b . *; May Jan . 4 to M ay 3 1 ___

123,907663.697 s a f l v o i

46,119 34,627259.650 229.655 -.Vheel. & L. E ....... bA pr. 134,637

3t. Paul A Dal b^M avJam l to May 31. .. July l to May 3 L .. . . ju t 129 ,930

0 *8,839 1,730,461

&SS679,065 i

Jan. 1 to A pr. 3 0 ___Wfiitebreast Fuel C o . M.i v

Jan. 1 to M ay 3 1 ___

476,955

Sanders.A Tennille*' May Jan. 1 to .May 3 1 . . . .

3552,578 2,111 d e f l l l

def.17def.286

Ju ly 1 to May 3 1 . . . . . . . . . . .

San A ntonio A Aran Pans.r —Jan 1 to May 3 1 . . . 706 ,89 4 356,449 60,333 d e f.40,938

a S et earnings here g iven are after b Net earnings here given are befo

San Fran. AN Pan.a. JuneJ a a .1 to J im e 3 0 ___J u ly l to June JO .. .

a a o lm e r ..£ Moo*.*! May Jaa . 1 to H ay 31 . . .

Sar. F la A K V -i.......Star.Jaa. 1 to M ar. 31 . . .

S tivertoo...... ............ *i.UayJan . 1 to May 3 1 . . . .

S ioux City * Nor. . . ’ May

goa th Bonn Jaa. I i

Booth

. to May ; Southern P acific Co.

aL H. AH. Ant b

to May 31 . . ........ a ' ' MayMay 3 1 . . . .

SlayJ a u - l t o M a y

f 3 1 . . . .

77,222 3 4 4 .H l 370.277 41.919

2 2 * 8 1 9 28 4.399 842.977

7.124 15.523 29,570

130.759

& M 100,999

597.054835,271

d im806,471 297,013

39,139137,008280,844896.947

0,37013.338

£& &15.01409.316

2979 8 ,393

119.412309.913

2,931def.2 .779

10,140

ikVii1.194

153.108 2199

31.41360.310

311 ,42013,334

s i i♦ 64 ftd ef.4 .092

1,439

720

Gal. H .4 B . Aut bM ay 350.895 338,037Jan . 1 to May 31 . I,850 ,088 1,741,557

Louisiana W est.. . b.Mi»y 84,880 73.077Jan. 1 to May 31 . 477.010 415.052

M B J &333N .Y .T e x .A M b .M a y 30.571

Jan . 1 to May 3 1 9 2 , 0 1 8 T **a » * 5 . 0 . 8 . . .M ay 155,723

Jan . 1 to May 3 1 . . 780.11 iA tlantic nyrtete .b la y 1 ,048,433

Jan . 1 to May 31 . 5 ,480.090

SfoBBS"Pacific *ystem .*«,, Jan. 1 to May 31

10,2*7 81.453

127.030 801 ,342 903,6 2

4.914.421 » 2,938.9-57 ; 13.200 741

Total o f all b .. .M a y 1.157.451 3.802.509 Jau. 1 to May 3 1 . . 19,147.7*5 10.151.162

58.192 449.175

30,721 220 .02 3

73,401 410.04 1

2 1',330 73.070

367,8 J5 2 1 !.7 0 5

1.417,920 1,203,091 4,053,498 1.4*5,704

8 .141,417Southern Pacific RK.-

Coa*t and South 'll Cali­forn ia Otv*. ' M.iy

Jan. 1 to May 31. A rttona D! v i» 'o . . / i Slay

Jaa. 1 to May 31Mew M ex. D lv___7 May

Jan. I to M ay 3 1 . . « t » t e n [.R apid T r . b<j May

Jau. 1 to May 3 1 . .. July 1 to M a y 3 1 . . . .

S tony Cl. A <x M bflM ayJaa . 1 to May 3 t ___J u ly 1 to M ay 3 1 . . .

Sum m it Branch.........MayJan. 1 to Mas 3 1 . . . .

909 .5704.243,031

101.727891.225

77.472428,999

91,134

SttS8 tS

53.922111.019

541 ,740

809 ,403 330,3.779 ,585 1,590,2 187,396788,|--“00,643

90,439420,509

7 .1 -!f24,717 2 ,720 0.310

49.142122,940 5 10,298

Lykens Valley ... .May Jan . 1 to Slay 31

T otal both Go*» • .lim e Jaa . 1 to June 3 0 . . . .

T ena.C oai.l * RR.* June Jau . 1 to J «n e 3 0 . , . ,

T*x. “ 4b. V. At S . W .’ May Jan . I to May 3 1 . . .

T oledo A O .O a t . h ’ MayJan . I to May 3 1 ___July t to May 31

YaS-PeortaA Went, M J u*ie Jan . 1 to Juno 3 0 . . . . July 1 to June 3 0 .

Toi. A South H aven..M ar.Jan . 1 to Mar. 3 1 . . . .

O u te r A D elaw ’c ... %. i f ay

w & 4192,908

1,208

1/205,5

3.000 22,079

142.89 J 821,329

1 ,950,312 703)10

160,106 004,071

2 .145 4.383

30,-052

;Sf? , . r44,152

3.20118.207

152,582

£&$&72,047

i . $ # s2 ,343

33,272

315m

59,29% 31*2,116 M*9U

169,1197 30,101

j mdef. 1.315 dnf.5,359

22.557 20,82189.80.3 17,637 59,103 14,333

163 JW0 8 1 ,200

424 ,200 l ,2*26 7.365

30.512 277,0.11 <486.2944

20,033 lO l , 11 . 24 4.09*

3V>

9,094

1,033 1,5 JO

10,946 124.731 213.4-22

36.376293 ,303

.I!:!!®5 ,638

296.4 17

M ktn50.089

289 ,640

liS&SfI,’ 732,4941,250,5235,779.217

323 ,4351 ,440,892

53.073197,095

48,2-29197,121

30.03065.006

297 .290def.377

iKtd:fU 12,062 5t.:*J8

4.001 1 7,606

3.817 73/392

d e f 91 3 ,617

50,021 2*6,231598 ,020

1 1,436 116,2 M 282 ,100

•2 At 000

0,001Jan. 1 to M if *1 . July 1 to May 3 1 .

1 40.350 393.381

131.129363,042

37.70-2132.691

29J& 6

On lor. P erm *— O reg.S .L A U .N b* May

Jan . 1 to May J i .040.202

*2,309,369585 .709

2 ,626,0 42250,791914 ,416

220,273 80-4,2 4 i

Or*-. R y.A S .C o b - May Jan. 1 to Mas 31

341,5671,517,0*9

3 40,936 1,541,111

73.456257,291

O n .P ,D .A G ulf b* M ,y Jao. 1 to May 3 1 ..

49 »,9«2 2 /Jb»,064

511,8912.199.1*17

97.035455.760

122.3 47 38 4.303

8t.Jo«. A CM. U l .. 0 May Jan . 1 to May 31

96.0475 1 0 .7 -8

91,299444.379

14,532166.434

9 .292152 ,378

A ll other tine* I*- May 1.7*2.390 1,740.740 499.371 381.889J*B, 1 lu M ar .41, 0 ,202.902 8 ,500.781

Tot.U n.PM C .ni b r Mar 3 .920,176 3 .200,373 .fan, 1 to Way H . . 15,204,072 15,3*20,742

80.483463,170101.933323.077

2,20611.214

5,0851.0,298

82,027403,016

ooi n450 ,519 72 ,025 def.

15.691 ilef. 1

IB,illl

•Qmi, Bz.*kUx,h .m M&y I to Mmf 31.M ontana Union. b* May

Jan. I tn May 31.L ear. T op AH. W .h* May

Jan. 1 to May 3 1 ..Man, Urn a A R b- May

Jan. 1 to .May S I . .Grand total 'l> r May 8.45 4/251 3 .400.915

Jau. 1 to May 31 .15 .019,123 Ul.057.181W abash.b .................. May I .U 0 .9 0 3 055.369

J in - : -< H ■)! *22 .6 ' 7.,3.V4,».I •July 1 to May 3 1 . . . 13,009,347 13.266,305

•w*»t ,J«-r«sr * B r».« Way 146.457 134,509Jan. 1 to May 3 1 . . . . 597 .928 580 ,040

Western M aryland .. May 100,6 Jan. 1 to May 31. . . 453.Oct. 1 to May 31

V t l l X Y J739.8

M il l 82.9*5 .270 370,7161.892 590.013

Pehn... b May 3 2 0 .4 4 1

» ! 8 SS8 : : - : « a m200.82,5

H i

3.512,314 917 ,410

4.306,006 ilef.2 ,343

9 3 ,287 35,711

3 .562 2,91 l

12,727 def. 3 ,109 <1ef.6,214 d e f.2,

959.903 4 ,431,39 4

i - o l i l o o3 ,111,216

50.044 109.07.5

I23 ,'l78 214,104 104.749

3,963,435 1.008,176 4 ,501.93 9

•23,2*3 191.625

24,200 92.895

2 ,63 5 d e f.4.8 *4

def.876def.2 .117

1.041,9054 ,919,551

144,780

{ff& SillSS

27,271

\st?ot

1,107,

89.456 433 ,652

1,00 .803 124,872 425,700

— tfet 1893.

$37,095

150.153333,270

44,647143.290

1L.93176,050

121,942

892.S

27,548

343,’ f i l

2,92733,20691,000

i] A paragraph m ark tdiled a fter the nam e o f a road Indicates that t o t ^ t S M t S u U S T “ 0t PreVi° USlyl,6B'1 g lv en * b u t appear

After deducting pro orttou due roails operated on a percentage baste, net in May, 1993, w as *610 ,335 . against 9 166,977 in 1892 ; for

^ ',i70' lt59' au,10ot6ber 1!T§f!^ial 1 t t . A T S ^ i o d s . h o t h y ^' Includes on ly oue-half o f lines in w hich U nion P acific has a part

Interest.J Impu tes Colorado Midland for ad periods, both years.

laInterest Charges anil Surplus.—The followingaddition to their gross and net earnings given in the b also report charges for interest, &c., with the surplus or a Dove or below those charges,

- Inter’!, rentals, « * . _ —Bai. of Set 1892-3. 1891-2. 1892-3. 1891-2.Roads. * * * 9

A tcb. r. * .9. P i B y. May 919 .000 917.000 *540.151 *383,527July i to May 31 10,109.000 10.087.000 *2,373,843 *1,550,036'j* - , j m j a s s m m “A®

A ggregate total May 1,194.000 1 ,192,000 *318.400 * 375,845July 1 t , May 3 1 . 13,134,000 13,112.000 *2,449,200 *1.574,318

Otm. 4 A t U S f» M ay 9,012 9 .848 def. 1,71-1 def.8 ,815Jan. 1 to M ay 31 . 43,234 3 6 .33J d e f.6 3 ,876 d e f.7 1,379

Chic.Bur:. * Q uincy .M ay 830.000 815.075 279 .331 d e f . l l , 212Jau. I to Mas 31 . . . 4 ,150,000 4 .075,476 601,302 582,858

C hicago A K.i-I. Ill Apr. 116,752 103,211 *1,420 *6,979July 1 to A pr. 30 . . . 1 ,0 8 7 .-7 3 981,669 *325,781 *273,346

Ohio. A West Mu b .. May 32.699 24,365 8.702 21,1.97Jail. I to Mat- 31 — 163 .2*0 U 5 .J I 3 d e f .2 9 .2 0 l 80,933

O v .C in . - b l o A S t i .-M a y 224,315 230.142 01.285 19,088July l to May 3 1 . . . . 2 ,426,349 2 ,496.491 940.477 1,279,983

36.902 401.818

Eaatoru— M ayto May 31.

Pwm* A 1 July iCurreat a v e r ............ M ay

July l to May 3 1 ___D enver tc R io O r ., May

37,97* d e f.33.726 1.180416,648 d f. 137,975 66,391

6,691 73,609

324 573July 1 to May 3 1 . . . . 2 .413.275

D e l Dan*. A S o r .. . .M a y Jau. 1 to M ay 31 . . .

Flint Sc Peru M arq .M ay Jau. 1 to May J i . . .

28 .242131,36548.537

250.319

6.691 d e f,7 ,905 ilef.697 VS.oOJ d e f.8,288 def.6 ,164

229.605 78,246 32,5852 ,583,067 1.306,280 809,647

26,242 def..0,201 def.9,311 - def. 17.615 dof.3S ,690131,365

50.397 247,521

11.083 8,69937,611 110,302

c . Clin. A ,-pr. May 13.030 13,038 def. 1.983 dof.4 ,613July l to .May 31 . . . I ’- 1/.22 150,022 rtcf.33,883 d ef.60 ,636

I,.W »| l -•> f.32.007 def.22,012July 1 to Ma- 41 . . . 1,002,667 1,016,9.36 290 .537 259,900

Kan. C. M,-m. A Hlr. MayJuly 1 to May 3 1 -----

Lake Eric A Wi<n*n.M#yJau. 1 to M iy .11___

X w l C hau . A e t D, InnsJuly 1 to JuvioJo . . .

Sag. Valley A S i. J. . -May Jan. 1 to May 3 1 . . . .

ia f i FrtUi. A Vh f'-i> .fnrie.Ju ly 1 to Joins S o___

Term, Coal, t, A HR June Jan. 1 to June 3 0 . . . .

W est Jersey A iSrs, . . May Jau . I to May 31

* A fter a llow ing to r m lscnilatieon* in com e.♦ Including m iiecilatn o u - iuoom e.

80,107 421 ,508

37.351 def.53 ,073 402 ,685 Of.236,275 S S S ffl

53,668201,141

58,000261.397

01,041 3 40.26 L Ji

1*22.001,433,098

1-20.2 20 1,481.610

20,690508,676 d im

8,55817.782

3.5 >6 17.782

ilef.779def.6,571

17,430210.270

60,300361 ,800

17.103 205.413

13,862 80 716 20,900 6 2,490

14,311108,007

____ . . . . .

m17.63073,310

28,25839,179

A N N U A L R E P O R T S .Ohio Southern Railroad.

t'For the. year ending December 31, 1892.y A brief income account for 1092 has been heretofore given

in the Chronicle, but the pamphlet report lias now been issued. Mr. O. W . Saul, Pre-ident, says in his report:

“ The company* has sutfered from a l i c k of adequate equip­ment to move its constantly increasing tra:li and it has also been without an outlet for the proper distribuu m of the same. At Springfield, the northern terminus of your road, the com­pany is dependent upon but one connection—the Cleveland Cincinnati Chicago & St. Louis Railroad. This road must care for its own traffic, to which it gives natural preference, aad as a result the cars tendered it by your com.ianv cannot be moved with regularity, and in the busy seas m c ingestions and blockades continually oxur.” * * * "Cu tne recom­mendation of your directors you authoriz'd the construction of an extension of your line from the city of Sp -mgfigld to the city of Lima, a distance of about sixty-tvo miles. Work on this extension was commenced in November, and will be pushed vigorously to completion. This line passes through

1 4 4 THE CHRONICLE. [VOL. LTIt.the largest area in the State of Ohio not traversed by a rail­road. It is exceedingly rich and productive, and tne local business alone will, in tne judgment of your directors, more than piovide for the intense upon its cost. The grades are low, the maximum being less than one-half of one per c^nt, thus insuring a comparatively low cost of operation. When this extension shall have been completed, your road will make direct coutection with seven other lines, making eight where it has now one.” * * *

“ It is estimated that to complete this extension ready for operation will require very nearly, if not fully, Sl,00u,000. The total authorized amount of first mortgage bonds of your company is §4,000,000, whereof $2,100,000 were outstanding at the close of last year, representing $15,000 per mile on your line of 140 miles. The remaining $1,900,000 may be issued from time to time according to the terms of the mortgage securing the same, at the rate of $15,000 per mile upon additional constructed road. These bonds are payable in gold, bear 6 per cent interest, and fall due in 1921.” * * *

“ Since the close of the year the remainder of the old second mortgage income bonds were purchased, and they are now in the hands of the Central Trust Company to be destroyed and the mortgage canceled. Your property is in a largely im­proved condition and has a greatly increased capacity lor traffic on account of extensive improvements made iu the course of the fiscal year.

“ Your board received during the year a communication from several New York banking firms, representing certain stockholders, calling attention to the fact that your company’s earnings wairamed the declaration of a dividend upon your capital stock and asking that such action be taken. This sub­ject was carefully considered by your board, and, while ad- miting the justness of the request, it concluded to postpone the payment of dividends until after the completion of the extension to Lima. For the year ending December 81, 1892, there remained a surplus of $135,249 to which the stock­holders were entitled. In addition to this the company had at the beginning of the year a surplus of more than $590,000, of which nearly $300,000 was represented by cash in ti e treasury, from which the company was deriving practically no benefit. These sums were expended in the purchase of equipment hereinbefore referred to, the result of which will be manifest in the future operations of your company.”

Earnings, expenses and charges were as follows:EARNINGS, EXCESSES AND CHARGES.

1889. 1890. 1891. 1892.E a rn in g s — $ $ $ $

Passengers............................................. 58.861 60,427 65,094 73,842Freight.......................... ..................... .450,544 481,123 513,499 5“4,^75Mail, express and miscellaneous . 1(4,252 12,840 11,650 63,425

Total................................................ .52n,657 554,390 590,242 711,542Operating expenses and tax es... .304,775 291,685 30o,233 349,492

Net earnings................................ .220,882 262,705 287,009 362,050D ed u ct—

Interest................................................ .142,800 | 3,062

226,800 226.800 226,800Construction aud equipment___ l < 2,513 17,731

734i 824

Total................................................ .145,862 230,137 245,266 226,800Surplus.................................................. . 75,020 32,568 41,744 135,250

GENERAL IN VESTM EN T NEW S.

Cincinnati Hamilton & Dayton.—-A meeting of stock­holders will be hi Id in Cincinnati, August 12, for the pur­poses of voiing upon the matter of the leasing of the railroad aud property ot me Cincinnati Hamilton & Indianapolis R.R., and the terms of such lease ; to vote upon the matter of the guaranty of the Cincinnati Hamilton & Indianapolis guaranty of payment ot the principal and interest of $2,000,00 i five per cent fitty-vear gold bonds of the Indianapolis Spiingheld & Western R R. Co.

Distilling & Cattle Feeding.—Dow, Jones & Co report of this Company : ■* We have good authority for saying tnat the withdrawal of opposition by WToolner applies also to all the other opposing concerns. President Greenhut is now in absolute chaige and has the hearty ce-operation of all the mills in the tiust. It is stated that only a little over 25 per­cent of the mills are running at the present time because of the large a cumula.ion of stocks. At out 120,000 barrets of spirits are ou hand, which are being disposed of as fast as the market warrants it. It is expected that in the course of four or five months the company will be in position to start up all its mills and have the market in good shape with reduced stocks and steaoy prices. The floatmg debt of the company is understood to have been reduced to about $700,000, which is causing the company no trouble Only about $L,000,000 out of the proposed $8,000,000 bonds has been sold. The price received for them rs said to have been sufficient to provide for this floating debt when it matures. The rest of the bonds will not be issued. T his leaves outstanding on the property $1,000,000 of bonds nnd 350,100 shares of stock. In view of the prospects and the changed condition of things some people who have hereto!ore been bearish on the property are buying the stock.”

General Electric.—At Milwaukee, July 20, Judge Seaman, in the U. S. District- Court, granted a preliminary injunc­tion against the Oconto Manufacturing Company, restraining that company fr< m making the Edison incandescent lamp, on the application of the Edison Company. This decision up­holds the validity of the Edison patents controlled by the

General Electric Company. The Oconto concern represents the combined interests which have been fighting the Edison patents, and introduced the -'Goebel defence,” claiming that Henry Goebel, a German watchmaker in New York, invented the lamp as early as 1854. Tuis defence had been introduced in a suit against the Beacon Vacuum Lamp Company in Bos­ton, which was decided in favor of Edison by Judge Colt last year. This decison is therefore more important, as it fully sustains Judge Colt. Tne case was vigorously contested.

Georgia Central.—A circular has been issued to Georgia Central security holders, announcing that the committee which undertook to prepare a plan of reorganization of the Georgia Central system, has reluctantly come to the conclu­sion that a reorganization upon the lines submitted had be­come impracticable. The circular says in part :

Many and vexatious litigations have been begun, and separate foreclosure suits and receiverships have lesulted in the ■ artial dis­memberment of the system. The tripartite bondholders did not ae- cepi the#Ian, and a decree has been directed to he entered ordering a sale ot the Central Comuauy’s pr rperty and of the Southwestern Rail­road for the payment of the indebtedness declared to tie a lieu thereon under the terms of rhe iripartite mortgage.

Your committee, nevertheless, would have continued its efforts to carry the reorganization iuto effect,and, with the financial aid liberally placed at its disposal fiorn tlie outset, could, iu its opinion, finally have overcome all obstacles, but for the disappointing character of the actual results of the operation of the system. The experience gained by your committee warrants it in advising the security holders to forego, at this ioopporruue moment, any renewed attempt at a reor­ganization of the Georgia Central system. It will be of far greater advant ge to all interests if the property be peunitted to remain in the custody of the United States courts until the earning capacity of the system be re-established, boili through a return to normal condit­ions in the business of the country tributary to the Georgia Central lines aud through a restoration of rates, which it is averred are now fixed by the Railroad Commissioners of the State of Georgia upon a basis so low as effectually to prevent the profitable operation of ratl- ro d property.

Negotiations are now pending with the receiver looking to an ex­tension on reasonable terms of the flmtiug deit of the company, amounting to more than $5,000,000, due ou July 1, 1893, aud of which the members of your committee are targe holders through advances made by them for the protection ot the interests of. the company. It is the expiessed desire of a large niajori-y in interest of the holders of the ftoating debt to appoint a ebtuuiitiee to care for the interests of floating debt holders, and, if so requested, to act in an advisory capacity in the matter of the future reuabiiitation of the property.

Your commitiee also have been in conterence with several interests which have not accepted the proposed plaD. If these conferences should result in the promulgation of a plnu which, in the judgment of the committee representing the holders of the floating debt, seems fair and likely to succeed, the members of this committed, as creditors of the company through the floating debt, will cheerfully contribute to its success.

Georgia Pacific—At Atlanta, Ga., July 20, in the United States Court the attorney for the Central Trust Company filed a bill to foreclose a $14,500,000 mortgage on the Georgia Pacific Railroad. Thi3 is a part of the reorganization scheme.

Grand Rapids & Indiana—It is announced that $3,086,000 out of the total issue of $3,745,000 of tne general mortgage fives have assented to the plan of funding the in erest trom Match 1, 1892, to March 1, 1900, into 4 per cent scrip. The sci ip has been executtd by the company and the transaction will shortly be closed.

Great Northern.—It is reported that an arrangement has been completed with Messrs. Samuel Samuels & Co., of Lon­don. for the establishment ot a line of steamers between China and Japan and Beattie in connection with the Great Northern system.

Houston East & West Texas.—The new first mortgage bonds are ready and are now being delivered at the office of the Union Trust Co.

Laclede Gas (St. Louis )— For June the net earnings were $38,782 iast year and $45,4t0 this year. For six monens net, $373,788 in 1893, against $316,530 last year.

Minneapolis A St. Louis.— Suit has beenbrought by the Met­ropolitan Tiust Company of New Yoik for foreclosure of a mortgage upon the Wisconsin Minnesota & Pa ific Road, part of tne Minneapolis & St. l ouis system. The mortgage was made to secure a loan ol $3,228,000.

New York Stock Exchange—New Securities Listed.—TheCommittee on Stock L'st of the New York Stock Exchange, acting under authority from the Governing Committee, has added to the lists for dealings the following securities :

CniCAGO & W e s t e r n I s d i v n a R a i l r o a d — $ 1 ,2 5 0 ,0 0 0 a d d itio n a l g e n ­eral m o rtg a g e 6 pel- c e n t g o ld c o u p o n b o n d s, m a k in g th e t o ta l a m o u n t lis te d ? 9 ,z 5 0 ,6 6 6

E v a n s v i l l e & T e r r e H a u t e R a i l r o a d — $ 1 6 1 ,0 0 0 a d d itio n a l first g e u e ra l u io its a g e 5 per c- u t fifty -y e a r g o ld c o u p o n bon d s, m a k in g th e to ta l a m o u n t lis te d $ 1 , j 9 8 , oOu .

S i a t e OK L o u i s i a n a - $ 9 .2 3 ,0 0 0 n e w 4 p e r c e n t c o n so ls o f 1 9 1 4 o f $ 1 ,0 0 e a ch . $ 1 ,4 8 5 ,5 0 0 do o f $ 5 0 0 e a ch a n d $ 3 4 7 ,1 0 0 do. o f $ 1 0 0 e a c h ; $ l l ,u 6 6 ,6 0 0 .

S an A n t o n io & A r a n s a s P a ss R a il w a y — $1^.776,000 first mortgage 4 per vent nft.v-yeur cold bonds of 19)3. Additional bonds wiUbe ad­ded as issued until the amount reaches $ l7 ,200 ,0o0.

Northern Pacific.— In the Uaited States Circuit Court at Tacoma, Washtugion, on the 18,h inst., Judge Hanford de­cided an important laud grant case iuvotvmg upwards of2,000,000 acres of agricultural and timber lands in Washing- ion, in favor of the Northern Pacific. The suit was that of Wm. H. Young and was a test case. The Interior Depart­ment had held that lands first located under a land grant had priority, and that the lands so lo'-ated by the Oregon & Cali­fornia railroad under its graut of 1870 had priority over the Noriheru Pacific grant dated 1864. The Court took the oppo­site view in lavor of the priority of the Act granting the lands to the Northern Pacific,

JCLY 23. 1893.J THE CHRONICLE. 145Pacific Mail—Panama Railroad.—The contract between

the Panama Raiiro .d Co and Paciflc Mail is dated June 15, and runs one year, with an option of an extension for six mom ns thereafter. The Pacific Mail leases to the Panama Railroad Co. its Atlantic fleet of three steamers, at a monthly rental approximating $10,000. The lessee takes over the Govern taent mat! contracts and operates the boats at its own ex pense. It receives a guarantee that the lessor will keep out of Atlantic waters. The lease does not in any form carry with it an option on the Pacific fleet. Since the commencement of the contract passenger rates have been advanced between New York and Colon from $20 to $65.

Peoria Decatur & Evansville—Chicago & Ohio Rirer.—The consolidation of these two roads has been ratified by the respective stockholders. They have also authorized the mort­gage proposed to be issued by'the consolidated company, and which secures $10,000,039 of 5 per cent gold bonds to 6e used in taking up the outstanding securities of the respective com­panies, m the payment of the floating indebtedness and im­proving the property and equipment.

Phila. & Beading'-Easton & Amboy.—At Trenton, N. J., Attorney-General Stockton made a »p* eial report to Gov. Worn in reference to the litigation against those railroads that entered into a combination last year. The Attorney-General gives a re­cital of the formation of the coal combine and the steps taken by the State to compel the companies to cancel their con­tracts. The report shows that the Easton & Amboy Railroad, in the suit begun against it, admitted the execution of the agreements between that road, the Lehigh Valley Terminal Railway, the Philadelphia Sc Reading and the Central Rail- j road of” New Jersey for the purpose of cont ruling the price of coal. The leases were cancelled and annulled May 24,1893.

The Chancellor made an order as follows :■*IH* now . on thi» 12th day o f Ju ly , 1893, o rdered . a d jodeed and ■

decreed that a perpetual injusetJon a® Issue aga inst the defendant* { herein, restrain ing and probihtting them , and each o f rii at, from [ further performing and earrym* Into effect the aforr-taUt lease made I betw een the hehtgh VallejE R ailroad C om pany end the Philadelphia i A R a id in g R ailroad C om pany on tit* 11 ih day o f February, ]8 * g , In ! »o far a* h attem pt* to transfer the radrroed. property, privilege* and franchise* o f the Easton <k A m boy S . K. Co. and the Lehigh Valley Tersuinai B allw ay Com pany to the Philadelphia A B eading B atitoad Com pany. and that the *»id the Keaton * V m bor Railroad Com pany do operate it* ra ilroad*. property, priv l -see* and franchise* o f t t o Lehigh V aiirs Terminal Railroad Consjmny heretofore leased ti> It by i.J.gv.M. U; tic Tj-.T Ir'IMlrcd (if tile ■charter* of said cempsiCf. and tbe vanoti* aupp'cmente thereto, and j by tbe taw* of the Slate of N«w Jersey.'*

Richmond a Danville.—Mr. Namud Spencer, representing the banking bouse of Drt-xel, Morgan Sc Co., has been op- | pointed a* one of the receivers of the Richmond & Danville Railroad, the East Teon*r*ee Virginia & Georgia and the Richmond & West Point Terminal Companies.

San Antonio & Araraas Pa».—Under tbe reorganization agreement of March 3. 1891, and the modified reorganization plan and agreement of December N, 1892, the committee, j consisting of Frederic P. Oicott, Jtxwjih Wharton. Henry Budge, Frederic Cromwell, J. Kennedy Tod, Alfred S. If* i - : deluach and Eric P. Swenson, has effected a roorgamattion | of the mortgage debt of the .San Antonio A Aransas Pars R‘y Co., without «ak* of Its property trader fanohwtrt proceed-1 mg* Tbe San Antonio & Aransas Pass R’jr Co. lias made j application for admission to the regular list of the New Y'ork j Stock Exchange of the following new bonds, via.:First laurtrif 4 per vent fifty year gold beast* of ft ,000

each, earn In* te'ereat from January ] . 1 *9 1, and guaranteed a* to payment of both principal an,! Inter- eat, Jan. 1 and July I, ty tbo twsfbem Pulfle C*.T otal So*. 1 to 2 1 .600 inclusive ..................................... . . f 31,800,000 i

Reserved for future ett*n*tona Uimttol to 100 miles, at#37,400 per roue of thud constructed and cquippedi. . . 2,700.000 jfOti Mane be existing 7O0 is Sic* ........... ............... 8 IS,0 0 0 ,00*1 |Rond* So*. 1 to 18,900, $1,000 each.

The foregoing brads are secured by a mortgage dated Dec. ! 20. 1883, to the Central Trust Company ot New Y'ork, trustee, which U a first lien ujson the railroad and equipment of the j comp my aa described in the said mortgage. The bond* a!*o bear the guarantee as to the payment of both principal and interest, of too Southern Pacific Company, in the follow ing form, viz.;- Qainaty: “ For value received, the Southern PaeiSc Cmispany hereby guarantee* thantsnctnal pay meat of the principal and isi*r«,t of th* wrtUa hand »t tw iibhi sad tn the manner therein •peellt-Mt. Is witoew whereof, said roaiptoy hath ra o ed Its c*ri*>r*t* seal t*» (*e P fe t* affixed. and this la*tnini*nt to be *1* 01*1 by Its President or Ytee-President, this tfeirty-ff rat day «f March, 1803.'•Tue stocriiKR* i',. tr<i co«r»*r.

"K . U P ju roW , V ice P fevtitent."All the bonds issued under the old mortgages of the railway

company were deposited under the reorganization agreement The mortgages have been satUtied and discharged of recordand the bond# destroyed, and the reorganization receipts rep- r- -enting the same Should be stricken from the list. Directors of Han Antonio A Arson* Pa*.* Railway Company—T. E. Stillm an. Them. B. Palfrey. Wm. Mahl, Wm. Berry. M. I). Monserrat, James W Terry, R. If. Inner, F. H. Davis. Reagan Houston. Officer#—Presid-nt, 1 horns* E. Stillman. New Y'ork ; Ptfnid$ot$ M. D. Mon&ert&t, San Antonie*: 3*crf,, Reagan Houston, San Antonio; Treasurer, W m . H. Field, | San Antonio; At*irtan t-Treasurer, T. B. Crt»*. New York,

Toledo St Irani* S: Kansas City.—There are two com­mittee* in the field for the reorganization of this company. The agreement proposed for bondholders S t Messrs. R. G. RoUtrm. George Coppell, Ernest Dtchmsn. M. L. Scudd-r and W. Howard Gilder, who constitute one committee, calls for

the deposit of bonds with the Farmers’ Loan & Trust Com­pany an i the payment of an assessment of five dollars for each bond so deposited, to be received by the trust company f ir the account of the committee. Tbe committee is author­ized to prepare a plan for the reorganization of the railroad company with or without foreclosure, and to negotiate with tbe creditors and with the holders of the common and of the preferred stock in devising and carrying out such plan. Any plan for reorganization without foreclosure shall provide for the payment of the expenses of the committee and for the re­payment to the consenting bondh Jd-rs of any assessments paid by them under the terms of this agreement. The com­mittee is authorized to move the trustees to exercise the powers o inferred by the mortgage, and to procure the fore­closure and sale of the property and to hid for and buy the property at foreclosure sale, and to use the bonds deposited under this agreement in making payment for the same, and to prepare and assent to and carry into effect a plan of re­organization by foreclosure, sale and purchase, and when the committee has adopted such plan it shall be published in pamphlet form and copies thereof left with the Farmers’ Loan A Trust Company for distribution.

It is said that the other committee, in which Messrs. Ar­mour ami Havetneyer are prominent, will present a plan shortly.

Unite! State* Leather.—Messrs. Heidelbach, Ickelheimer& Co. and Baring, Magoun & Co. announce that they are now prep ir«l to deliver the United States leather Company’s 6 l» r cent gold debenture* to the holders of scrip receipts upon presentation of the receipts.

Trust Companies of New York and Brooklyn.—The semi­annual re; ons of tb* >e companies for the six months ending June 30, 1803, have been made to the Banking Department at Albany. The figures below are compiled for the Chronicle, placing in comparison the statements of Dec. 31, 1892, thus showing the change* in the six months. The last previous statement in comparison with the six months ending June 30, t893, will tie found in the Chronicle of Feb. 18,1893.

A T L A N T IC TRU ST COM PAN Y.Ktsoum*.

Bond* sad mortgages:............... .S tock investm ent* -m arket value) A mount loaned on co lla tera l* ..___i -‘n a ,i- i ............................C a-h on tie p o d ! .....................................O ther m k p ........... .............................

■Dee.31,1892. /tm e 3 0 ,lS 9 3 .$300 ,000

502,400 5,631,265

205 ) 413,628 i

59,621

$369 ,000446 ,450

4 ,109,258528,937

56,167

Total.............................................. *0,997.119Liabitilti*.

Capital nock paid In ............................ $500,000Surtdiui fund .............. ........ ........ 500,000toutlrl!.,! profit*................................. 2*9,'-SODr|Hwit« tn trust. .... ... ...................... 201,913General d ci-n tt# . payable ou dem and.......... 5 ,491.825Othfrll3blllt.il ...... ......... 20.801

$3,809 ,812

$500,000500,000305 .354209,420

4.274.23720,801

Total........................ ............................................ #6,997,1199ujfplfmtntary.

Ain't o f debt um ar.n-.t'd and liability tbortui. None. Total l i m i t <ft Interest and profit* re-

eeived taut s ix m on lti* ......... ............. . . . . . $101,486A m ount o f laterest credited depositors ,

* ante p eriod .................. .. ................................... 72,313E'spenw.* o f tbe ifi-d tu ti'm . satne p e r io d — 33.114III vs dectiared on capital stock, sam e period . 311,000 Am‘ f ut dejSisjt*an which tnt'st is tttiowed, 3 ,203.421B ate at io t c ! cat sm *»m<*..................................... 2 to 4

$5,809 ,813

None.$181,280

68,46124,28530,000

3.850,203

BRO OKLYN T IU '-T C O M PAN Y (B RO O K LYN .)H ttm tr'r* .

Bond* ami m o r t g a g e ...... .........—Stock invrotuient* (m arket va lu e)........A m ou nttoasw doneettatera i* . . . . . . . . . .A innuiu Inaei >i <•* p e n o u a t securitiesB eal estate >e*th«*t«d v a lu e ) . . , . . . . . . .■ will o o hand ........................ .......... ...........( 'a.*b on d ep osit. . . . . . . . . . . . . . . . . -----------O tl l c r a s * « * is ...................................................... . .

Dec. 31 ,1*92 . June 30.1893. . $291 ,500 $369,500. 3 ,020.328 3,138.800. 8 .720.977 7,056.881

848 .380 661 ,202175 ,000 175,000

: 47A 7fH | 580 ,04278.021) 96,878

T o ta l .................................................................. #13,690,621LiabitUfm.

» .ipltal *ti>ek [*a)d In.......................................... #1.009,000surpln.* fuod and uuilividod proflui.............. 1,439,014I»i i«»*lt# in trtiKt......... .......................................... 643,129tlcEjerai deposits, able on d e u t l t n d , 10,.>15,7(17IXvtdend pat a b le ,....... .......................... 50,000Other Ualildtlc*................................. 48,711

$12 ,083,303

$1,000,0001,446,482661,468

8 ,877.63550,00547.713

T o t a l . . . . .......................... - .............................$13,690,621Hitpptemtnlury.

A m ’t o f d e b t * e n u r 'd a n d l ia W u t y t h e r e o n N o n e .Total am ount o f Interval and profits re­

ceived last 6 m onth*....... ..................... . . $105,935Am ount o f teten -st etw lttcd depositors ___

same period ............................................... .. 180,n23Expenaes i ‘f institution saint* period ............. 3*.00uDiva. dcHari-d on vatiHal -took same p eriod TOO.OOO A in 't o f deiHi>iI.> on w hich lilt, ts a llo w e d ... 11,132.51.4 Rate o f iftterest on sam e........... ........................ I to 4

$12 ,083 ,303

N one.

$341,832

132,06237.491100,000

0,46-1,769

CENTRAL TK08T COMPANY.liCSQHrtCS.

Bond* and nmrtgaptm__................s tock investm ents (m arket va lue)...........Amount .loaned on collateral*...........a mount loaned on personal securities..Beat.estate (estimated value)............P u l i on hand .................................................C u - h o n *!*-),,,* t t . ................................Other asset*...................................

Dec. 31 ,1892 . /w m 3 0 ,1«93. #554.137 $326,298

3,441,998 1,118,497. 18,637,337 18,291,949

576 576800,000 850,000

: 3,393.903 i 2'98''” 8280,038 293,540Total $-27,173,645 #20,868,238

1 4 6 THE CHRONICLE. (Vol. LVII.

CENTRAL TRUST COMPANY— (C o n c lu d ed .)D ec. 3 1 ,1892 . J u n e 30,1893.

L ia b ilities .Capital stock paid in............................................ $1,000,000 $1,000,000Surplus fund............................................................. 5,300,023 5,442,888Deposits in trust................................................... 6 ,008,320 6,616,385General deposits, payable on demand........... 14,567,990 13,565,937Other liabilities....................................................... 302,312 243,028

T otal..................................... „ . . . . ...................$27,178,645 $26,868,238

None.S u p p lem en ta ry .

Ain’t of debts guar. and liability thereon.. Total amount of interest and profits re­

ceived last six months......................................Amount of interest paid to and credited de­

positors, same period........................................Expenses of the institution, same period... Divs. declared on capital stock, same period. Am’t of deposits on which int’st is allowed. Rate of interest on same....................................

None.

$727,095

221,626 77,850

250,000 18,029,143

1 to 3

$808,468

340,25078,988

250,00017,624,917

FARMERS’ LOAN & TRUST COMPANY.R esou rces .

Bonds and mortgages....................................... , ___Stock investments (market value)................... 4,412,062Amount loaned on collaterals.......................... 21,744,022Amount loaned on personal securitiesReal estate (estimated value)..................Cash on hand................................................Cash on deposit............................................Other assets...................................................

Total.......................................................................$35,025,598L ia b ilities .

Capital stock paid in ............................................ $1,000,000Surplus fund............................................................. 4,017,616Deposits in trust..................................................... 29,852,282Other liabilities............................................

Supplemen tary.Am’t of debts guar, and liability thereon...Total amount of interest and profits re­

ceived last six m onths..................................... $567,612Amount of interest paid to and credited

depositors, same period........................Expenses of institution, same period..Divs. declared on capital stock, same period Am’t of deposits on which int’st is allowed Rate of interest on same...................................

FRANKLIN TRUST COMPANY (BROOKLYN).

D ec. 31. *92. J u n e 30,1893.$147,800 $102,800

. 4 ,112,062 4,590,110 . 21,744,022 18,333,086

2,586,012 1,584,712 1 ,0 0 0 ,0 0 0 1 ,000 ,0 0 0 2,798,758 ) -0 1 (541 2,000 ,963) 0,0 2 1,0 4 1

335,981 372,269

. $35,025,598 $32,504,618

. $ 1 ,0 0 0 ,0 0 0

. 4,017,616

. 29,852,282 155,700

$ 1 ,000 ,0 0 04,189,445

27,174,516140,657

. $35,025,598 $32,504,618

None. None.

$567,612 $813,872

312,624 111,206

I 150,000 . 27,691,721

l t o 5

399,68590,814

150,00024,738,444

R esou rces .D ec . 31,1892. t7w?ie30,1893.

Bonds and mortgages.......................................... $664,500Stook investments (market value) 2,090,670Amount loaned on collaterals.......................... 3 ,106,876Amount loaned on personal securities.......... 154,649Real estate (estimated value)............................ 463,919Cash on hand and on deposit............................. 704,403Overdrafts................................................................. 419Other assets.............................................................. 60,837

$533,6002,040,0272,374,181

290,734495,518823,201

46,555

Total..................................................................... $7,246,276 $6,603,266L ia b ilities .

Capital stock paid in ............................................ $1,000,000Surplus fund................................. „ ......................... 732,490Deposits in trust...................................................... 24,370General deposits, payable on demand........... 5,441,170Other liabilities 48,246

Total..................................................................... $7,246,276S u p p lem en ta ry .

Am ’t of debts guar, and liability thereon... None. Total amount of interest and profits re­

ceived last six months...................................... $264,958Amount of interest paid to and credited

depositors, same period................................... 75,192Expenses of the institution, same period... 38,605Divs. declared on capital stock, same period 40,000 Am ’t of deposits on which int’st is allowed. 5,360,437 Rate of interest on same..................................... l 1 to 4

$1,000,000781,991

33,5554,722,831

64,889

$6,603,266

None.

$195,919

69,18032,35540,000

4,665,185

HAMILTON TRUST COMPANY (BROOKLYN).R esou rces .

D ec. 31, ’92. J u n e 30, 1893Bonds and m ortgages.......................................... $435,715Stock investments (market value)................... 567,320Amount loaned on collaterals............................ 2,013.582Amount loaned on personal securities.......... 29,342Cash on hand........................................................... 44,508 >Cash on deposit....................................................... 262,615 $Other assets.............................................................. 27,947

T ota l.................................................................... $3,381,029L ia b il it ie s .

Capital stock paid in ............................................ $500,000Surplus fund........... ................................................. 300,000Undivided profits................................................... 31,184General deposits, payable on demand........... 2,526,00'SOther liabilities....................................................... 23,839

$3,395,177

$500,000300,000

39,1632,533,462

22,552

T otal........ ............................................................ $3,381,029 $3,395,177Su.pplem e n ta ry .

Am ’t of debts guar, and liability thereon.. Total amount of interest and profits re­

ceived last six months.....................................Amount of interest paid to and credited

depositors, same period...................................Expenses of the institution, same period . . . Divs. declared on capital stock same period. Am ’nt of deposits on which int. is allowed.. Rate of interest on sam e.....................................

None.

$62,910

36,973 11,655 15,000

2,526,006 1 ^ to 4

HOLLAND TRUST COMPANY. R esou rces .

None.

$97,837

44,65112,51315,0^0

428,865

Bonds and mortgages..................................Stock investments (market value).........Amount loaned on collaterals..................Amount loaned on personal securities.Real estate (estimated value)...................Cash on hand...................................................Cash on deposit..............................................Other assets.....................................................

D ec. 31 ,1892. J u n e 30,1893. $30,000

1,071,918 888,436

79,352 205,620

13,424 > 229,4 84 ( 155,977

1,116,027857,429

75,202205,695100,393

97,441

Total......................................... $2,674,211 $2,452,187

HOLLAND TRUST COMPANY.— ( C on clu d ed .)D ec. 31 ,1892 . J u n e 30 ,1893.

L ia b ilities .Capital stock paid in............................................ $500,000 $500,000Surplus fund............................................................ 500,000 500,000Undivided profits................................................... 42,541 21,735Deposits..................................................................... 1,102,037 1,061,947Due banks................................................................. ............. 201,755Certificates of deposit........................................... ............. 144,024Other liabilities....................................................... 529,633 22,726

Total..................................................................... *2,674,211 $2,452,187S u p p lem en ta ry .

Am ’t of debts guar, and liability thereon.. None. None.Total amouut of interest and profits re­

ceived last six m ouths..................... $25,980 $34,339Amount of interest paid to and credited

depositors, same period................................... 16,863 14,031Expenses of institution, same period........... 17,509 16,895Divs. declared on capital stock, same period 25,000 25,000Am’ t of deposits on which int’st is allowed. 796,337 911,256Rate of interest on same..................................... 2 to 4 .............

KNICKERBOCKER TRUST COMPANY.R esou rces .

D ec. 31 ,1 8 9 2 . J u n e 30 ,1893 .Bonds and mortgages.......................................... $88,500 $88,500Stock Investments (market value)................. 1 ,539,175 1,371,407Amount loaned on collaterals.......................... 4 ,5 6 1,724 4,494,479Amount loaned on personal securities.......... 65,349 76,924Cash on hand........................................................... 42,788 l 172Cash on deposit...................................................... 498.736 )Other assets.........................................; ................... 65,378 79,410

Total..................................................................... $6,861,650 $6,762,892L ia b ilit ies .

Capital stock paid in ............................................ $750,000 $750,000Undivided profits................................. 311,804 373,877Deposits in trust..................................................... 1,983,498 2,268,734General deposits, payable on demand........... 3 ,712,810 3,304,156Other liabilities....................................................... 53,538 66,125

Total..................................................................... $6,861,650 $6,762,892S u p p lem en ta ry .

Am’t of debts guar, and liability thereon.’ . None. None.Total amount of interest and profits re­

ceived last six months....................................... $140,177 $150,654Amount of interest paid to and credited

depositors, same period................................... 53,671 71,541Expenses of the institution, same period— 3 9 ,6 11 44,539Divs. declared on capital stock same period 22,500 22,500Am’t of deposits on which int’st is allowed. 4,687,601 4,806,653Rate of interest on same..................................... 1^2 to 4 ..............

LONG ISLAND LOAN & TRUST COMPANY (BROOKLYN.) R esou rces .

D ec. 31,1892. J u n e 30,1893.Bonds and mortgages..................................... $464,800 $366,300Stock investments (market value)................. 1 ,186 ,‘280 1,199,540Amount loaned on collaterals.......................... 2 ,325,850 2,028,198Amount loaned on personal securities......... 11.000 121,500Real estate i estimated value)............................ 110,000 110,000Cash on hand ............... ...................................... ‘253,721

Other assets............................................................. 34,808 37,946

Total................................................................. $4,376,262 $4,117,205L ia b ilities .

Capital stock paid in ............................................ $500,000 $500,000Undivided profits................................................... 282,285 285,002Deposits in tru st.................................. 120,327 89,424Ge eral deposits, payable on dem and.......... 3 ,433,262 3,209,518Other liabilities....................................................... 40,388 33,261

T otal............................................... $1,376,262 $4,117,205S u p p lem en ta ry .

Am’t of debts guar, and liability thereon.. None. None.Total amount of interest and profits re­

ceived last six months....................................... $97,926 $101,941Amount of interest paid to and credited

depositors same period........... ......................... 37,883 44,592Expenses of institution, same period............ 9,981 12,230Divs. declared on capital stock, same period 20,000 20,000Am’t of deposits on which int’st is allowed. 3,548,269 3,257,890Rate of interest on same..................................... 1*2 to 4 ..............

MERCANTILE TRUST COMPANY.R esou i'ces.

Dec. 31, 1892. J u n e 3 0 ,1893 .Bonds and mortgages........................................... $390,848 $383,646Stock investments (market value).................. 2, 5<>.5y7 2,750,135Amount loaned on collaterals........................... 20,274,735 16,783,325Amount loaned on personal securities......... 1,363,495 853,132Real estate (estimated value)........................... 49.241 49,179Cash on h a n d .......................................................... 65,365 > q a i « i s sCash on deposit....................................................... 3 ,251 ,799) ’ ’Other assets........................................................... 830,130 867,086

Total.......................................................................$28,576,210 $25,104,986L ia b ilities .

Capital stock paid in ............................................ $2,000,000 $2,000,000Surplus fund............................................................. 1,500,000 1 ,500,000Undivided profits................................................... 258,176 375,411Deposits in trust...................................................... 813.519 813,928General deposits, payable on demand.......... 24,002,684 20,415,647Other liabilities....................................................... 1,831 —

Total........................................ $28,576,210 $25,104,986

Am’ t of debt guar’d and liabililythereon . J. None. None.Total amount of interest and profits re­

ceived last 6 months.......................................... $530,607 $559,106Amount of interest paid to and credited de­

positors, same period......................................... 240,087 266,699Expenses of institution, same period........... 59 604 70,171Divs. declared on capital stock, same period 100,000 100,000Ain't of deposits on which int. is allow ed... 21,010,316 17,647,315Rate of interest on same..................................... l t o 4 .............

METROPOLITAN TRUST COMPANY.R esou rces .

D ec. 31 ,1892 . J u n e 30, 1893.Bonds and mortgages........................................... $ 2 0 ,000 $200,000Stock investments (market value)................. 1,654,887 1,632,175Loaned on collaterals................... 6,715,701 5,887,185Real estate (estimated value)............................ 480,000 550,000Cash on hand......................................................... 24 ,577) 447 qqoCash on deposit....................................................... 667,2*6 $Other assets..................... 100,516 104,692

Tctal......................................... $9,842,947 $8,821,314

July 22, 1893. J THE CHRONICLE. 147M E T R O P O L IS * T R l- 'T CO M PA NY. —(Cant' n,i.-d. j | K

Dee. 3 1 ,1392 , J-He’IO > L i.,-! Liabilities.

Capital stuck paid In......... ..................... $1 ,000,000Surplus fun-1............................................................ 367,539G eneral deposits, payable on dem and.......... 7 .906.40$O ther liabilities....................................................... 68.949

$1,000,000 9 $ $ ,« «7

6.758.992 73.65-5

T o ta l........................................... ......................... $9 ,842 ,917 3* ,S 2L 3 1 4Supplementary.

•tan't o f del ts sraar, and liab ility thereon ... T ota l am ount o f interest and profits re­

ceived last *i i m o u th s ....... ........................... .Am ount o f Interest paid to and credited

depositors .sam e p e r io d ..............................E xpenses o f institution, sam e p eriod ...........Diva, declared on capita ! stock , same period Ain’ t o f deposits tm w hich in t'st is a llow ed . R ate o f Interest on saute.....................................

None.

$211,635

1-22.833 32.181 30,000

7.520,85-1 l to 4

None.

$265 ,275

109,92030.41340,000

6,528,277

NASSAU TRUST COM PANY {BROOKLYN-1 Metouree*.

Dee. 3 1 .1990 . Jtme3<). 1893.B on d i and mortgage*.......................................... $388,403S tock investm ents tumrker value)............... 1,202,048A m ount loaned »n co lla torU - ......................... 1 .4 3 s .830A m ount loaned on personal secu rities ........ 33 .100Cash tm ban d ............................................................ 9.44 t ICash on deposit . . . . ................................................ 135.660 iO ther assets ................................. 23,162

?«• A-!.» 1.$306,203 1,08 8.380 1.171.350

1.00,533 275.563

22,805T o ta l ......................... *3 ,252 ,866

If mb it Hum,Capital stork paid in .................. $500 ,000U ndivided profit* .......................................... . . . l $ t . - 3 6D eposit* In trust................................... 16 ,6 6 6G eneral deposits, payable o a dem and........... 2 .514.31 •»O ther liabilities......... ............. 7,018

$2,966,831

$500,000175.383

16.8032,263,337

11,221

R E A L ESTATE. LOAN A TRUST COM PAN Y (Concluded)Dee. 3 1 ,1 8 9 ? . June 3 0 ,1 .

$300,000250,000

31,9521,741,296

Liabilities.Capital stock p a id in ............................. $500,000Surplus fund ....................................................... 250,000U ndivided p ro fits ............................ 5 "-> 098DitiOSUS ill truss...................................... O 0 ’ 4 4 3 8Other liab ilit ie s ...................................................... ' 105,695

T ota l..................................................................... $2,935,231Supplementary.

Ara’t o f debts guar. and liab ilitv thereon .. . N oneTotal am ount o f interest and profits re­

ceived last s ix m onths.................................. $34 498Am ount o f interest paid to and credited

depositors, sam e p e r io d .................... 21,908Expenses o f the ii -: . • „ d . . . 13,832Div. declared on capital stock , sam e p eriod None,A m t o f deposits on w hich lut’st is a llow ed . 2 ,024.438 R ate o f interest on sam e..................................... 2 to 4

T IT L E G U A R A N T E E A N D TRU ST COM PANY.Resources.

„ , Dee. 3 1 .1 892. June 30,1 S!>3.Bond* and m ortgage# ......... ................................ $ 2,2 72 ,50 9 ---------- - - -

$2,523,248

N one.

$73,145

27,78417,67012,500

1,741,296

Stock investm ents (m arket va lu e). Amount loaned on collaterals..Cash on baud...................... ..........Cash on d ep osit ..................... .......P lant.................................................Other a s s e t - ............. ....................

565 ,000 116,310

7 ,2 7 6 ) 293.714 {571,028

T o t a l ............................... .................................... $3,252,868 $2,906,834Supplementary

A in 't o f debt* unar'd and liability th e re o n .. T otal am ount o f Interest and profit# re­

ce ived last 6 month# .....................................A m ount o f Interest paid to and credited de­

positors, sam e p eriod .......................................E xpenme at (Batfintion, *aoi# p eriod_______M r .d e c la re d <>o capital stock , mams period. A a f t o f deposit# on w h ich in i. is uUo-.vel,. . Rate o f Interest on sam e...................................

None.

$74 ,323

33.656 9 .645

15,000 2 .555,332

18) t o d

None.

$30 ,942

33,767 11,403 15,000

2,230,364

$2,039,098 554,500 126,540294,802

< 450,000 <111.485

$3,626,423

$2,000,000 824,550 573,407 228.468

Total ........................................ ............ ............ $3 ,830,567 $3,626,425

T o ta l.................................................................... $3 ,830,867liabilities.

Capital a fo o t paid in ......... .................................. $2 ,000,000surplus fund . ...................................................... ' 701,084General denostte, payable on dem an d ........... 871.842Other U abu ltii-............................_.......... ........... 257,991

Snpplemenkmj. A a f t o f debt# guar. and Uahtiuv thereon .... Interest and profits received last 6 m ouths. Interest cred ited depositors saute p eriod ... . Expense* o f the Institution, sam e p e r io d ... I>1 V s declared on capita l stock , sam e p e r io d .

; liepo-*H# on w h ich interest is a llow ed ............Rate o f interest on <u m ........................... .........

NEW YO R K G U A R A N T Y A IN DEM N ITY COM PANY. Reman**,

„ , , Dee. 31 .1602 . June30 .1493.R oads and m ortgage*.......................................... jtloo.OOO $6 (1,000Stock Investm ent# (marker va lu e ).................. 2 ,434,654 4,163,606A m ou nt loaned o n co lla te ca l# ........................... 9 ,015.042 6 .961,639Am ount loaned t»a personal aaenrttjea......... 525 ,0*5 5 4 4 ,4 14R eal estate les-ttMftttod va lu e )......... .................. 102,565 (03 ,029Cash on band and on d e p o s i t ........................... 1.9 '.11,020 j ,s.51 320O ther am ete............................................ .......... . . . 64 ,446 50.307

T ota l..................... .*14,206,72# $12 ,536 ,54 !LitMlUie*.

t.’s pita! stock paid in ____________ _ $2910,1,000

None. $37.1,141

12.676 210,271

60,000 871.632 l>a to 4

None.$-139,188

11,841223.971

60,000573,107

U. 8. TRAN SFER & E X C H A N G E ASSOCIATION.lie ton nee.

„ - , Dec. 3 1 ,1 89 2 . June 30. 1893.S lock Investment* (m arket value. ............. $339,060 $280 ,910

, Amount loaned on co lla tera ls ............................ 71.190 75,490- t ash on deposit.................... 2.256 5,094| Other a sse t-.. ............................................. 2 0 .12 6 10,152

| T ota l.................................................................... $132,832Liabilities.

I Capital atoek paid t o ............................................ $200 ,000............ * ‘ ........................................ 126,565

......................................... 106.207

immtm BlSalU ndivided profit#..........Depooita tn tru»t ,. General depositi* payabl

-Other Inabilities ... . ' . , . .>u dem and.

1,000,000 155,513

9.SW2.141 1.1 U>,<)72

T o ta l ................................................................... $14,206,72#.So pMemeit Ittry.

A m ou nt o f debt# guar. am t liability thereon None. T otal momm% o f trite rest and p n .fi-- re-

nalvnd l» - t 4 * m onth-....................... .. . . $ 3 1 3 ,i l «A m ount in ? . : . - t o d d t<. a n t credited

depositors « on e period ...................... ............ 78.628E xpenses o f .»!»:* InalttaUmi t u r n period , .. 4 3 .2 1«A m t. d ep osit- on which interest Is a llow ed . 9 .i- :i 2* *B ata <rf m terest o n M ine ........ ...................... ! % to 1 1*D iv id en d , d e c la re d .............. ............................. 120 000

$2,600,000 l.< i»MKH4*61,535 J 1,617.401 f ®,«49,275 #30,3.10

$12,536,541None.

$5 60.699

138.550 4 ",127 9,3*1,443 1 •* to 3

, Surplus fund ., . j O ther liabilities.

T u la !............... .................................................... $132,832Supplementary.

| Total amount, o f Interest and profits received1.1*1 slk milt,Ml* ................................................

| Expanse* at InstMutSuu, same p e r i o d ..........

$m 1,646

$200,00065,646

106,000

$371,646

S'BOPLE-* TRUST COM PANY Remnree*.

Bond* and m ortgage* .....................................S tock Inventmer.t# tmarket v a lu e ).. . . . . . . .A mourn loaned on ooUaterahi. , . . ____ _____A m ount io-aoed - c personal srcm itlcA , . .R eal estate iesthaaccd va lue,....... - ..............Cash on band ...................................................Cash on d e p o s it ,. ,.... ............. .............O ther aMata.......................................... .............

T o t a l ................................. ..............................

(BROOK LYN-l

Dee. 3 1 ,1 8 0 2 . Sunr 30.1893. . $ 1 .0*4 ,840 $985,070. 2 ,048,662

5 .5 7 1 .1 (W 316.220

$ 5 ,5 17 5 ,930

U N ITED 8TATJ58 T R U E * COM PANY. Resource*.

< s-.3 l.I6 9 2 .Bond* sud iitoH.- ,r . • ......................................... $2,304,000"lock Investm ent* tomrk**>t v a lu e , .................. 8.94 6.500A mot m l loaned on co lla te r a l* ......... ................ 2 7 ,9 5 9 .132t mount loaned on penuttnd -eettrttn*...... 6.517,279Real relate test) muted Valltifi.................. 1,000,000(V -h o u deposit ...............- ................................ 1,344,609o th e r a s s e t * ...................... ..................... .............. 583 ,834

$7,9584,888

3 1,952 ) 6.85.364 i

80,0-29

2 .120.93 i 4.995,785

2 0 7 ,8 -7 00,000

1,266.941 89.919

Tula! ....................................................................$48 ,607,354Liabilities.

Capitol -!..ck paid l u .................................... $2,000,000Surttlu* fund ........................... 8,166.319U ndivided profits .................................................. 351.455Deposit* In truer............................................... 36.922.467Gtfier liabilities ..................................................... 1,164,113

T o ta l......................................................................$49,607,334

June'iO, 1893. 92,537.500

8,318,175 26,124,340

6,825,252 1.000,000 2,237.478

•175,235

$47,518,980

$2,000,000 8.322,621

219,815 35,879,-438

1,099,106

$47,518,9S0

N one.

Liabilities.Capital stock paid In.........................................B anda* fu n d ....... ................................................U ndivided ,ire,6t»......... ........ . . . ,D eposit* in trust ..............................................G eneral dejw>*iD, payable on dem and*..... .

> T im e eertidentes o f deposit ....... ..................O ther Uabiilrie- ............. .....................

$9 ,821 ,079 $9,785,536

f t ,000 ,009 700,000 139.224 201.201

7 .611.317

169,076

$1,000,000760,000191,586

1,122,2836 .524,760

227.96938,938

* * • 1 ......... .............................................. .. $9,821,079

Ain 't at debt# ipstot'd and iU b p ftM h .-" oi,|y None.Total am ount o f Interest aud profit# re-

estrad last 6n,<atlhe . . . . . . . . . . . . . . . . . $18.3 792Am ount o f Interest imid to and credited ,in-"_pO*lt-»r.. *aj(fe je-r.-*! _____ _____ _Eilo-n.--“ of it,, •(,*.,tjo-i, ,hi;i< i-.-riod Dlv«.- declared cm capital atoek, .same ;« rind Am*! af deposits on which Interest |. allowed Rate at interest on # »to* .........

Supplementary.Ain’ t o f debt# (fitar'd and llab d ltv th ereon ., N one.Total am ount o f Interest and profit# r e ­

ceived last 0 month* . ................... $1,010,712 $1,218,195Am ount o f Interest paid 10 and cred ited d e ­

positor-. - un.' period ............................. 502,431 580,263Expense* Ilf Institution, s tme p e r io d ........... 59 ,982 66,173Ol v*. declared o n capita l stock , sumo period 320 ,000 320,000Amt. n M cp o -ttso b wide!) Interest 1- a llow ed 36,296,348 35,242,368Rate o f Interest on sam e..................................... 1 to 4 ..........

W ASH INGTON TRU ST COM PANY.Rtsources.

Dee. 31 ,1892 . June30,1893 .

77,109 19,058

40.000 7,729.325

1 104R EA L ESTATE LOAN A TRUST COM PANY.

Remure**.mL.... - - _ Dee. 91. 1902. June&.ods and mnrt*A*e#............. ............................. *12.5fXl8t>* k. investment* • market valtiei . . . . . . 885,447Amount lo*ri«*i on coliater.iln........................ 1 ioAm ount loaned un personal securities...................................Cash unhand........................................................... 4 .7 0 4 1Cash on deposit ............ ................... ............... 2 9 2 .9 1 6 *

21.524

90.795,530N one.

$217,39891,9 46 23,962 40,000 7.843.877 1 to 4

Bund# and murteag-e* ........................................S tock tn rcrtT O ijw (m a rk et va lu e)............. .Am ount loaned tm eottHtom U.............*...........Amount loaned on personal securities.........Ca«b on b a u d .........................................................i .Mih on <t.-(**sH .............................................Other assets ...........................................................

$23 ,000 523.6 27

3 ,256,500 81.418

282,314 ? 3 21 ,07 0 )

31,834

*28,700626,7503,098,250

28,362433,846

40,729

T o ta l................................................................... $1,481,813 $4,254,637

Other

36, 19,03.$0 ,oooo - l . l - i -

1,209.0 in 5,000 1

251,36011.080

< upHal stock paid In.surplus fu n d ................Umllvldefl profit*........Deposit* in trust..........Other UtkbUitte*...........

Liabilities.$500,000

3 5 0 / 00 53,750

3,571,012 7,015

$500,000375,000

38,8203,331,890

8,927

T o ta l..................... ............................................ $4,481,313 $4,254,637

Totai ................................................................... $2,935,231 $2,323,248

Supplementary.Amt. o f debts euar, and liab ility th ereon ... None.Interest anti profit* received lust 0 m onths $82,980 Interest credited depositor**, -nm e p eriod .. 40,160Expense* o f Institution, sam e period , . _____ 13,128Dtv declared on capital stock, sains period 15,000Deposits on which interest is a llow ed ......... 3 ,501.397Rate o f interest on sam e,.................................. I 1* to 4

None,$103,506

49.49714,93415,000

3,291,108

148 THE CHRONICLE. [Vol. l v i i .

£ h c C om m ercia l ju r ie s .

C O M M E R C I A L E P I T O M E .Fr id a y Nigh r, July 21 ,1893 .

The movement of general merchandise has continued mod­erate. Ordinary lines of credit cannot readily be secured, and a large number of buyers are voluntarily restricting purchases to the necessities of the moment while awaiting an improve­ment in the financial conditions. In consequence of forced realizing upon stocks in hand, wheat has sold at phenomenally low prices during the week, and the cheapness of the staple attracted a liberal export demand. Foreign orders have also been placed with freedom at Western mills against the August production of flour from new winter wheat. Large quanti­ties of hay have been purchased for Europe, with a portion already in course of shipment. Latest crop reports accepted as authentic indicate no important change in winter-wheat conditions; some improvement in spring wheat; oats possibly slightly damaged in a few localities by rust, and corn making encouraging progress. Speculation in staple commodities is upon a very restricted scale and confined principally to pro­tection of outstanding engagements.

Lard on the spot has been dull and prices were lower in the fore part of the week, but later most of the loss was recovered, and the close was steady at 8%c. for prime City, 10 '05c. for prime Western and 10’40c. for refined for the Continent. The speculation in lard for future delivery at this market has con­tinued dull, and early in the week values were depressed, due to weaker advices from the West, where “ longs” were un­loading, due to the financial disturbances, but yesterday and to-day there was a rally on buying by “ shorts” to cover contracts. The close was steady.

D A IL Y CLOSING FRICES O F LARD FtJXURES.Sat. JJon. Tv.es. W ed. T h urs. F r i

July delivery...................o. lO'OO 9-95 9 80 9 65 9-90 10-o0September delivery c. 10-37 10-30 10-05 9-95 1 0 2 0 10-20

Pork has continued quiet and prices have further declined, closirig dull at 818(5 $18 75 for mess, §19<g$20 for family and §19(3 $20 50 for short clear. Cut meats were in light request but steady, closing at 12c.(5912}£c. for pickled bellies, 12c.@ 12J c. for pickled hams and 7J^c. for pickled shoulders. Beef is quiet at §7 50@$8 for extra mess, $9@$10 for packet, $10@ $12 for family and $15® §17 for extra India mess. Beef hams are firmer at §18 50,n $19. Stearine is quiet at 12J c. Oleo stearine is firmer at 9c. Tallow has been in fair demand and firm, closing at 5c. bid. Cotton seed oil is dull but steady at 35c.@36c. for prime crude and 42c. for prime yellow. Butter is in slow demand and a trifle easier at 17c.(321c. for creamery. Cheese is dull and easy at 7^c.(«9c. for State factory full cream. Fresh eggs are dull and lower at 14c.@14J^c. for Western.

Coffee has sold with disappointing slowness, which, in con­junction with increased tenders from Brazil, had a depressing influence upon values. Rio quoted at 17c. for No. 7; good Cu- cuta203^c., and interior Padang 23c.@23}/£o. Contracts were firm at the commencement of the week' but disappointment in the character of both European and primal markets led to freer selling and lower rates. Reduced offerings serve to steady the market somewhat at the close, but business is quiet. The following are the final asking prices ;July.................... 16'10o. I O o t ... ................... 15-850. | .Tan..................... 15-50o.A ug.................... .o 9o . aiiv.................... . . i 5 ’65u. Feb.....................15 45c.Sept....................15-950. 1 Deo.......................15-55c. | M ob..................... 15-45c

Raw sugars have been offered with greater freedom and lower prices under influence of improving accounts from sources of supply. Centrifugal quoted at 4 3-16c. for 96 deg. test, and muscovado at 3 li-16c. for 89 deg. test. Refined sugars were less active, and tone easier; granulated quoted at 5 7-16c. Teas continue in buyers’ favor.

Kentucky tobacco has been in better demand at full prices; sales were 200 hhds. to jobbers and 150 bhds. to manufac­turers and exporters. Seed leaf tobacco was in slow demand and unchanged; sales for the week were 700 cases as follows: 100 cases 1891 crop, New England Havana, 25c.(3>50c.; 125 cases 1891 crop, State Havana, 12c.@20c.; 150 cases 1892 crop, Ohio, (H£c.; 75 cases 1891 crop, Ohio, 93£c.@ 10c.; 100 cases 1891 crop, Zimmer’s Spanish, ll(3l2c., and 150 cases sundries, 7c.@30c.; also 750 bales Havana, 70c.(3$l 10, and 350 bales Sumatra, $2 80@§4 25.

There has been a fairly brisk speculation in Straits tin dur­ing the past week, but values have made no decided change and the close was steady at 1910c.@19 20c. Sales for the week were about 650 tons. Ingot copper has been quiet and with­out change, closing steady at 10-25c. for Lake. Lead has made a slight further decline and the close was quiet at 3'50c. Pig iron unchanged at §12 75(5 $15 50.

Refined petroleum is quiet but steady at 5'15c, in bbls., 2 65c. in bulk and 5-85c. in cases ; crude in bbls. is unchanged, Washington closing quiet at 4-85c. in bbls. and 2-35c. in bulk ; naphtha n^c. Crude certificates have declined, but the close was steady at 57c. bid. Spirits turpentine has been in demand from varnish makers, but the close was dull and easy at 27J c. @2Sc. Rosins have further declined to §1 00(3§1 05 for com­mon and good strained. Wool is in moderate demand and steady. Hops are quiet and unchanged.

C O T T O N .F r i d a y N ig h t , July 21, 1893.

T h e M o v e m e n t o f t h e C r o p , as indicated b y our telegrams, from the South to-night is given below. For the week ending this evening the total receipts have reached 11.091 bales, igainst 15,762 bales last week and 16,384 bales the previous veeR, making the total receipts since the 1st of Sept., 1892, 5,040,549 bales, against 7,090,448 bales for the same Deriod of 1&91-2, showing a decrease since Sep. 1,1892, of 2,049,899 bale?.

R eceip ts a t— 8 a t. if on. T u es. Wed. T h u rs . F r i . T ota l.

Galveston......... 33 145 629 92 2 5 906El Paso, &c .. .......... . . . . . . . . . . . . . . . . . . . . . . . . 79 79

New Orleans... 301 1,202 409 152 1,763 1,052 4,8796 14 1 1 1 23

Savannah.......... 161 208 109 277 988 86 1,829Brunsw’k,&c. .......... .......... .......... . . . . . . . . . . . . . . . . . .

88 108 7 4 5 212Pt. Royal, &c. ..........

W ilm ington.... 9 14 ......... ......... 18 41Wash’ton, &c. . . . . . . . . . . . . . . . . . . ......... ......... ..........

Norfolk............... 21 355 94 55 225 99 8195 17 20 42

N’port N ., &c. . . . . . . . . . . . . 283 283New York......... . . . . . . . . . . . . .......... . . . . . . ......... .........Boston............... 175 52 49 192 91 28 587Baltimore......... . . . . . . . . . . . . .......... . . . . . . ___ _ 694 694Plilladelph’a &c 238 40 20 102 267 667

Tot’ls this week 1,032 2.124 1.337 874 3,092 2,632 11,091

The following shows the week’s total receipts, the total since Sept. I, 1892. and the stock to-night, eomnared with last year.

R eceip ts to1892-93. 1891-92. S tock

J u ly 21. T h is S in ce Sep. Ttiis S in ce Sep. 1893 1 8 9 2 .W eek . 1 ,1 8 9 2 . W eek 1 ,1 8 9 1 .

Galveston... 906 1,039,065 447 1,140,667 22,252 17,77279 56,493 43,471

New Orleans 4,879 1,579,035 4,541 2,478.274 76,251 95,774Mobile........... 23 167,939 106 264.746 5,226 7,962-

28,159 24.776Savannah. . . 1,829 779,698 1,062 1,018,075 16,733 8,568

140,265 298Charleston.. 212 287,053 95 461,907 15,122 15,468

427 1,615Wilmington.. 41 159,781 67 161,116 4.107 4,762

2,342Norfolk......... 819 284,624 119 519^263 9,757 4,497

West Point 42 194,469 30 335,203 555283 22,233 47 47,665

47,831 83,483 147,623 305,968B oston......... 587 119,527 1,406 145,905 3,400 4,100Baltim ore... 694 66,698 2,942 97,792 8,919 16,499Pliiladel.,&c. 667 66,492 915 88,788 10.325 9,850

Totals........ 11,091 5,040,549 12,075 7,090,448 319,715 491,775" 3,000 bales added as correction of receipts since September 1 .In order that comparison may be made with other yeat s . we

give below the totals at leading ports for six seasons.______R eceip ts a t— 1893. 1892. 1891. 1890. 1889. 1888

Galves’n,&c. 985 447 325 30 81 253New Orleans 4,879 4,541 2,447 533 342 1,152M obile......... 23 106 139 15 37 119Savannah... . 1,829 1,062 1,755 1,746 801 629Char’ton,&c. 212 95 519 135 6 1,532Wilm’ton,&c 41 67 31 21 4 2Norfolk........ 8 49 119 767 282 17 536W. Point,&c. 325 77 986 623 63 401All others... 1,948 5,561 1.933 253 359 3,409

Tot. this w i . 11,091 12,075 8,902 3,551 1,710 8,033

8ince Sept. 1 5040.549 709u,448 6843.516 5790,537 5506,316 5438,937

The exports for the week ending this evening reach a total of 33,841 bales, of which 20,777 were to Great Britain, — to France and 13,084 to the rest of the Continent. Below are the exports for the week and since September 1. 1892.

Exportsfrom —

Week E n d in o J u ly 21. E x p o rte d to —

From S ep t. 1 ,1S92, to J u ly 21 .1S&8 Breported t o -

G rea t O on ti- T ota l G reat O on ti-B r it ’n . F ranc < n en t. W eek . B r ita in . F ra n c ’. n en t. Total,

G alveston....... 452,606 133,748 17 2.712 759,066Velasco, & c.... 7 5 75 17,809 33,192 51,001New O rleans.. 11,402 5,2S6 16,688 578,904 332,199 381.103 1,292.326Mobile & P en . 43,696 400 44,090Savannah ....... 61,711 24,727 274,512 300,950Brunswick....... 57,770 2,18 ' 20,499 80,755Charleston — 3,789 1,789 80,694 7,9u0 122,950 217,660W ilm ington ...N orfolk............W est P o in t.... N’ p’ t News, &c

1 .6U0 000 2,20074,102

103,46752.236

57,92930.785

7,700

132,031134,25259,936

10,892 10,892New Y ork ....... 4.705 3,$85 8, eoo 452,414 31,775 193.133 677,322Boston.............. 2,731 2,731 215,593 6,841 222.434Baltimore........ 1,329 1.329 82.914 10,747 118.338 211,999Phlladelp*a,&c 339 839 18,150 410 18,566

Total ............ 20,077 13,004 33 841 2,3u9.08l 543,576 1,420,576 4,273,238Totol. 1001.00 1 i 3“Q 7n 9 7 ° 1 1 7 1 7 0 3 710 O"? QOO S 7 - A 1Q.J

July 82, 1893.] THE CHRONICLE. 149In addition to above exports, our telegrams to-night also ' ?

give ua the following amounts of cotton on shipboard, not ! f cleared, at the ports named. We add similar figures for New York, which are prepared for our special use by Messrs Lambert & Barrows, 81 Beaver Street.

J u ly 21 at—

On S h ip b oa rd , n o t c lea r ed —f o *B e a r in g

S tock,B rea tB r ita in . F ra n cs . O ther

F ore ignC oast-wine. T ota l.

New Orleans....Galvesttm.........Savannah..........Charleston...J71Jlobile...............Norfolk___ . . . .New York.........Other p o r t___

Total 1 8 9 3 ...

7 .9 6 7None.None.None.None.4.5004.6005,000

3,940None.NonaNone.None.None.

300None.

483None.1.800

None.None.None.4,4302,500

1391.693

400500

None.500

None.Non*.

12,534 1,691 2,200

500 None, 5,000 9.330 7.5Q0

63,71720,55714.53314,622

5.2264 .7 -7

138.27319,251

22,087 4,240 1 9,233 3.234 36,779 280,936

Total 1 8 9 2 ... Total 1S 91 ...

18,46416.544

3,117 120,741 1.728 1 42.050 None, i 3 ,2 1 8 1 1.523 • 21.234

449,7252*5,947

Speculation in cotton for future delivery at this market during the week under review, has been of a spiritless char­acter. Unfavorable financial conditions remained a. a serious check upon new ventures, and very cautious manipulation of outstanding engagements confined the fluctuation of value to exceedingly narrow limits. Variable weather reports from the South have been the principal disturbing factor, hut the average local feeling seems to be that the crop has suffered no serious damage during the week. Domestic spinners continued very indifferent buyers and important Eastern mills have decided to shut down during the month of August. During the session of Saturday quite a firm tone prevailed in consequence of the weekly weather report showing an appar­ent dry condition in Texas, and 6 points net gain wa» r e c o rd e d . On Monday a continuation of drought stories and somewhat better accounts front abroad kept the tone firm and added slightly to the line of value*. Tuesday's market was weak and at the close the gain of the two preceding days had dis­appeared under report* of rain in the Southwest, The deal on Wednesday amounted to very little and was also slow yister- day under disappointing foreign advices and a renewal of reports of rainfall in localities where most needed. At the clore to-day the market is quiet and stupid. Liverpool was easier and advices from New England indicated a further shutting-down of milts, making on the whole a tame under­tone; but the failure of Government reports to confirm stories of rainfall in Southwest prevented gelling. Cotton on the spot has been quiet, closing at 81se. for middling uplands.

The totalaales for forward delivery for the week are .Vj'j.TO bale*. For immediate delivery the total sales foot up this week 8,613 bales, Including 3.5iA for export, 1,582 for consumption575 for speculation anil ----- on contract. The following arethe official quotations for each day of the past week— J u l y 15 to J u l y 21.

UPLANDS. a»t. non T his. Wed Th. toriO rd in a ry— ................................ ,i m i „ » u Hgiriet Ordinary. ................... ........ (Si,* * is*,*

O plinary,, ** ,,. *«. * * , * ,» . J ? f f 7 t > i Of^lmurs* *..•***.**.I 7 % 7%

L ow M i<141 Jo*.................................i 1 \ 7%Bum Low mmimg-............ ........‘ i I n \WtUOiB*....... ................. 4»ia n*i.O w l M iddiln? .................... . . . 8% S '*Still'l lior-lt MidlLIng 811,. gu,,:XddtUr fair........................j 91,, ul,J, jFair..................................19t;: * at,*; ■

*»t«iah*. 1 is ;7 :<U ir \88*1* S'* |j*t« S‘ i* i97UJ

8% ! S ' I n lU2‘*i»

14* I9% !

b to i 77*,* I22 w5'i« ig%0 !9% I

6%77h$ZfjwW*«8%B h $&%00%

0PL9I* Stef. H m T i i *; Wed Th. Frt,OfdtwiiT. , * , . * * • . . * * . - - *Sfriet OrtiHmwj ...........................Good (urdiAurjr. . . . . ____. # * * * * « • * » »Strlet Ordinaryl/>w MM4Ub€ , .............

t lr in l Low MMUIitajE.___. . . . . . .MMMtm M M j*i*ttt8C. . ,Btnrt Cimd M s.44lf»s?

8b*

i8 to

§*M »■* ftl*

6’ pt•*.4?*4*8B%JPt«

5 ,*

7to"88*4» •

§f*i*| Bto [ §to

8 i 6 nto | B%7 to 7 to 2»1« 7*,* 7l*i* 70,* * ’ l* I "to* ■ .. , "to 8to

8% 1 *>to* 80j*

86to7to7to*& •» 11 ft to 80,*

. fa ir . .................................... ........ • » ii« » to i 9 to : 9%IfT& fN BlX S a t . | ,U a » i T o e * W e d T h . F r t .

$$&$& Ordinary ........................... 1B tflrt Oo«w% O fd ta a r r ................,!Law MbM tf&a M bld llrv ...........

i 8*1* i » '■ * i5 ‘ »I* S“ l .^ * 1

' 5 ']* 1 5*4 »*4 j 51*1. 5to ? 5to f i l l , , ) | 6 \ 7% 7 H ( , 7H ,*:

5*4 5 to 6to 7**16

MABXST AND SALES,The total sale* of cotton on the spot and for future delivery

**cn day during the week are indicated in the followirg statement, For the convenience of the reader we also add a column which shows at a glance how the market closed on same da vs.

\ SPOT MARKETJ ChfMWkihf

SA3LJKS OP SPOT A JTO COJITRACT,Ex­

portCon-

tump.SpecAuvt'n.

Con­tract. total.

Future*

Bal’d ay, *t.«a<iy at to *d.. 2,435 too; 575; 3.610 83.800Mm.fi a ? ; f* r,«ad jr ...........

: ...__ ... »T6dm149 :::• ** !6i

l ,059122,50089,800WM*4ay h**y h%tm d m .

200 71 4 133, 132>

j .... 714333132

91.30090,60071,700Ttlday., Easy................ ::;;s

Total i....... .... ljf92 575 .... 6,012 549,700The Sales and Pricbs op FctcNns are shown by the

f g g f m m m i m l2-ggw 2-iSg, 2-8 Si 2-gg&g g g f s g g f

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x ;■ * l a: * 1 «: l »: i a; : i o: : l a; ;i I i: j 1 li 1 1 1: 1 n ! | i 1: | 111)

- lQcinn<v)*.u*i* in Septem ber. 1892, fo r S e p tcn b e r , 1 ,700; Septem - B sp^ etober, fo r O ctober, 1 20 ,50 ); 8 e p to m I n>. r- Y o ve in I) e r, for X iivom - her. 878,901; flnptemiier-Oermiutisr, for D ecem ber. 1 ,931,5 0« ; Septem - tMir-Janoary, tor January, 8 ,751,100; Septem oor-P eoruary. fo r Pobru- * ry . 3.014,8'*-.; Septembnr- Uarnh, for tlaroh. 9 ,7 1 8 ,i» i S epteinber- Aprtl, for April, 3 ,I 2 I .* 0 0 ; S optem bfir-ilay. fo r M ay, 8 ,8 7 0 ,2 9 0 ; Septem ber June, fo r June, 4 ,189,8JO.

The following exctianges have been made during the week:I I p i, t o e to k . 1.030 Aug, for D ec.10 pd. to eioh, 300 Aug. for Sept.

•01 pd. to Ckcb. 200 July for Am* •50 p<i, to e teb. 1.000 A h?. for .1 an, •29 pd. to exRb, 100 Oct. for fan. •19 pd, to I'tr.h. lo o Oet. for D«o. •10 pd. to ojcoIi. 600 Oct. for Nov.11 pd. to oxoh, 500 An?, for dent, 11 pd. to exob. 500 Bept. for Oot.

•20 pd. to exob . 200 Oct for O n , •20 pd. to e x «b . 20 i Sent, fo r Nov.. •30 pd. to exob . 200 A m . for Jan. •Ill pd. to exch . 500 Ju ly for A uk. •30 pil, to exch . 30 1 An?, for Nov. 10 pd. to axch , 4 ,000 A uk. for Sep. LSI pd. to exch . 200 A ug fo r Jan.

Tng V i s i b l e S u p p l y o p c o t t o n to-night, a» made up oy cable and telegraph ia aa follows, The C< ntinental stocks, as well as those for Great Britain and the afl, at are this week’s returns, and consequently all the European figures are brought down to Thursday evening But to male the totals the complete

150 THE] EOHRON1CLE, fVoi* LV1I,figures fo r to -n ig h t (J u ly 21), we ado the item o f exports from the U n ited States, in cluding in it the exports o f F rid a y onlv

1893. 1892. 1891. 1890Stock at Liverpool..........bales. 1,341,000 1,524,000 1,045,000 769,000Btook at London.......................... 6,000 10,000 16,000 15,000

Total Great Britain stock.Btook at Hamburg......................8took at Bremen..........................Stock at Amsterdam..................Btook at Botterdam...................Btook at Antwerp........................Btook at Havre.............................Btook at Marseilles.....................Btook at Barcelona.....................Btook at Genoa.............................Btook at Trieste...........................

1,350.000 1,534,000 11,061,000 784,00014.000 6,100 4,700 4.100

135,000 121,000 96,000 46.00016.000 25,000 23,000 6,000

200 200 300 2001 0 .0 0 0 7,000 9,000 6.000

388.000 420,000 227,000 148,0008.000 10,000 8,000 4,000

110.000 85,000 10 2 ,0 0 0 62,0002 0 ,0 0 0 17,000 10,000 4,0 003L.000 48,000 44,000 4,000

732.200 739,300 524,000 284,300

Total European stocks.. . . 2,082,200 2,273,300 1,585,0001,068,300 IndlaoottonattoatforEnrope.Am er.oott’nafloat for Europe.Egypt,Brazil,Ac. .afltforE’r’ pe Stock In United States ports. .Stock In U. 8. Interior tow ns..United States exports to-day.

Total visible supply............2.681,077 3,061,147 2,027,2611,318,598Oftheabove.the totals of American and other descriptions are as follows:

A m e r ic a n —

69.000 63,000 68,000 127,00073,000 48,000 35,000 16,00026,000 20,000 17,000 8.000

319,715 491,775 247,231 88.118110,269 159,289 71,763 10,447

893 5,783 3,267 7 3 3

American afloat for Europe.

United Btateslnterlorstooks.. UnltedStates exports to-day.

B a st I n d ia n , B r a z i l , d e .—

London stook.

India afloat for Europe Egypt, Brazil, &o., afloat.

1,088,000 1.,295,000 824,000 430,000598.000 538,000 345,000 186.000

73,000 48,000 35,000 16,000319,715 491,775 247,231 88.118110,‘>69 159,289 71,736 10.447

893 5,783 3,267 733

2,189.877 S!,537,847 1,526,261 731,298

256,000 229,000 221,000 339,0006,000 10.000 16,000 15,000

134.200 201,300 179,000 98.30069,000 63,000 68,000 127,00026,000 20,000 17,000 8,000

491,200 523,300 501,000 587,30.2,189,877 2,537,847 1,526,261 731,298

Total visible supply............2 ,681.077 3,061,147 2 ,027,2611,318.598Price Mid. Upl.,Liverpool 4 V I. 3 i° iad. 4Jlad. 6=s<l-Price Mid. Upl.. Hew York SMc 714 0 . 8 0 . 12=4 .

w T h e im ports in to C on tin en tal ports the past w eek hav e been 33,000 bales.

T he above figu res in dicate a d e c r e a s e in the co tto n in sight to -n ig h t o f 380,070 bales as com pared w ith th e sam e date o f 1892, an i n c r e a s e o f 653,816 b ales as com p ared w ith the corresponding date o f 1891 an d an i n c r e a s e o f 1,362,479 bales as com pared w ith 1890.

A T t h e I n t e r io r T o w n s th e m o v e m e n t— th a t is th e receipts fo r th e w e e k , an d sin ce Sep tem ber 1 , th e sh ip m en ts fo r the w eek an d th e stock s to -n ig h t , a n d th e sa m e item s fo r the corresponding period o f 1891-92— is set o u t in d e ta il in the fo llo w in g sta tem en t.

« 2k*B z 6" -E § ? - ®q«V-S* §■-B S-5>2 i p s s : ggfe*«QrQg?bi2 . . —.QDi & 2, *• • — . IP 1 1 1 Oil b b “ ’ ' ■ ' O

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M 1 0 M #* M t~*co co to to co c. #* co to to m c © m cn © to to *- © © co co co to © o o' © ©Ci#* tO © M © © #*- >4 <1 WjO) Oi_8-* ©©©«--tOC0X©#^Mrfi.^-©©oaVowa«Va-too®V<ficVc*CM' toao'*p*o»co''-*Vl-*'l-<JM©CC-0C;iCX©©-O*^l©©#* «£.#*©©©#.(<>©#*© O'©XCOCJ>C0 ©©©©<j©©cc#A©<ifcOO'to<j©too'**4©©©x<ixo'0'CM©rf*

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Q u o t a t io n s f o r Mid d l in g c o t t o n a t o t h e r M a r k e t s .— Below w e g ive closing quotation s o f m id d lin g cotton a t S o u th ­ern an d other principal cotton m arkets fo r eacti d ay o<' th e w eek .

Week en d in g J u ly 21.

Galveston... Sew Orleans M obile.... Savannah... Charleston.. Wilmington.Norfolk.........Boston.........Baltimore...PhiladelphiaAugusta___Memphis___St. Louis___Houston___Olnolnnatl.. Louisville.. .

CLOSING QUOTATIONS FOB MIDDLING OOrroN onVatur. H on . T u ei. W ednes. Thurg.

7 % 73a 7=8 7 ^ 7>s7 *4 7=8 7*8 71'1S 7 u ie7 'ie 7 'ia 7'16 7 is 7%7=8 7=8 7=8 7=8 7=874, 7% 7 \ 7 \ 7=,7hl 7is 7*s 7*s 7is7 “ l« 7 \ 7% 73» 7%She 8h8 83ib 8 ’16 8%8 hi 8% 818 8ia88a 8 >s Ski 8is 8*37% 7 H T \ 7 'iie 71'ie79is 7*18 7=8 7=8 7=87!'l6 7»,6 7=8 7=8 7^87^8 7=8 7=8 738 7=88'8 8*« 8is 8% 8188 8 8is 8% 819

F n .

7 \

7»s7 \7ki7%8>e8is8>s7"ia7®873s8is8>s

The closin g quotation s to -d a y (F rid ay) a t other im p ortan t Southern m ark ets w ere as fo llo w s :Atlanta............Oolumbus, Ga. Columbus, Mims Bufaula............

73s73s71s7is

Little Rook. . . . 7 :%M ontgom ery.. 7 1*N ashville.......... 713Natohez............ 7»is

Newberry____ ______ _R a le ig h ........... 75gSelm a............. .. 73sS h rev ep ort.... 7M

* Louisville tlgures " n e t ” In botu years, t This year’s figures estimated.T h e ab ove totals sh ow th a t the in terior sto c k s h ave d e c r e a s e d

d u ring the w eek 10,197 bales and are to -n igh t 49,020 b ales less than at the sam e period last year. T he re elpts at all the tow ns have been 734 bales less than the sam e w eek last year and since Sept. 1 th ey are 1,191,829 bales lex- than fo r the ta m e tim e in 1891-92.

R e c e ip t s F r o m t h e P l a n t a t io n s .— T he fo llo w in g table Indicates th e actu al m ovem en t each w eek fro m the plan tation s, The figures d o not in clu d e overlan d receipts nor Sou thern Consum ption; th ey are s im p ly a statem en t o f th e w eek ly m ovem ent fr o m the plantations o f that p art o f th e crop w h iob finally reaches th e m arket th rou gh th e outports.

WeekEnding—

R ectip tt a t th e P or tt . SVkat In terior Towns. R ec'vU from PlanV ne .

1891. 1892. 1893. 1891. 1892. [ 1893. 1891. 1892. 1893.

June 10...... 20,621 25.494 20.870 120,083 204,922 166.902 12.89S 11,552“ 23___ 15.412 19,643 23,090 110.540 193.908 150,762 5.869 8,629 6.956“ 30...... 13.423 16,4 74 19,938 103.576 182.624,135.393 6,458 5.190 4,569

July 7....... 8.907 12.874 16.384 93,845 174,544 j 125,780 4,794 6,771“ 14...... 14.172 16.176 15,762 86,677 165.696 120.466 7,004 7,328 10,448“ 21. 8,902 12.075 11.0P1 71.763 1.59.2891110.269 5,668 894

The ab ove statem en t sh o w s: 1 .— T h at the tota l receipts fro m the plantations sin ce Sept. 1 in 1892-93 are 5 ,022,184 b ales; in 1891-92 w ere 7 ,193,808 bales; in 1890-91 w ere 6 ,950 ,709 bales.

2 .— T h at, a lthough the receipts at the outports the past w eek were 11,031 bales, the actual m ovem en t fro m plantations w a s on ly 894 bales, the balance being taken fro m the stocks at the interior to w n s. L a st yea r the receipts fr o m the p lantations for th e w eek w ere 5,688 bales an d fo r 1891 th e y w ere ------- bales.

Ov e r l a n d M o v e m e n t f o r t h e W e e k a n d s in c e S e p t . 1 .— W e g ive b elow a statem en t sh o w in g the overlan d m o vem en t for the w eek an d since Septem ber 1 . A s th e le tu m s reach us by telegraph late F rid a y n ig h t it is im possible to enter so largely in to detail as in our regu lar m o n th ly report, b u t all the principal m atters o f interest are g iv en . This w eek ly publication is o f course su p p lem en tary to the m ore extended m onthly statem ents. T he results for the w eek ending J u ly 21 and sin ce Sept. 1 in the la st tw o years are as fo llo w s :

J u ly 21.1892-93. 1891-92.

W eek .S in ce

S ept. 1. W eek, S in ceS ept. 1.

S h ipp ed—Via 8t. Louis....................................Via Cairo...........................................Tia Hannibal...................................Via Evansville.................................Via Louisville.:..............................Via Cincinnati.................................Via oiher routes, A c.....................

Total gross overland.................D ed u ct sh ip m en ts—

Overlana to N. Y ., Boston, & c..Between interior to w n s.............Inland, &o.,from South.............

Total to he deducted.................

Leaving total net overland*..

4,1491,008

50

1,4571,023

471

476.392203.721138,802

14,069130.142108,847163,791

4,993441

50378810368

685,479349.812162,324

37,803206,112161,514162,086

8,158

1,948116

1,047

1,235,764

300,54824,44973.508

7,040

5,26339

727

1,765,130

420,96862,703

102,219

3,111 398,505 6,029 585,890

5,047 837,259 1,011 1,179,210* Including movement by rail to Canada.The forego in g sh o w s that the w eek ’s net overlan d m o v e m e n t

this year has been 5,047 bales, again st 1,011 bales fo r the w eek in 1892, an d th a t for the season to date the aggregate n e t overland exh ib its a decrease fro m a yea r ag o o f 341,981 b a le s .

I n S ig h t a n d S p in n e r t ’ T a k in gs.

Receipts at porta to July 21 ..........Net overland to July 2 1 .................Southern consumption to July 21

Total marketed............Interior stocks in excess.

Came Into sight during week. Total In sight July 21 ........... ..

1892-93.

„ , S in ce W eek . S ep t4 !_

11,0915,0478,000

24,13810,197

13,941

5,010,549837,259632,000

6,509,808 118,365

6,491,443

1891-92.

„ , I S in ce W eek . SepL x.

12,075 7,090,448 1.011 1,179,240 8,000 593,000

21,086*6,407

14,679

8,862,688103,360

8,966,048

North’ n spinners tak’gs to J’ ly 21 .......... 1,688.034 .......... 2,156,011* Decrease during week. 1 Less than Sept. 1.It w ill be seen b y the above that there has com e into sight

during the w eek 13,941 bales, again st 14,679 bales for the sam e w eek o f 1892, an d th a t the decrease in am ou n t in sight to -n igh t as com pared w ith last year is 2,474,605 bales.

ULY 22, 1893.] THE CHRONICLE. 151W e a t h e r R e p o r t s b y T e l e g r a p h .— Telegraphic reporta

to us this evening indicate that over the greater part of the State of Texas the drought continues and that cotton has been more or less injured as a result. There are complaints of lack of moisture at a few other points, but on the whole the weather outside of Texas has been favorable, with sufficient moisture, and in many districts the plant shows improvement. Grasshoppers and caterpillars are referred to in Texas, but their depredations have amounted to but little as compared to the damage by drought: moreover, caterpillars do not mul­tiply fast enough in drv weather to do any great harm.

t i a l v e a t o n , T e x a s .—We have had showers on four days of the week, the rainfall reaching one inch and four hundredths. The thermometer has ranged from 74 to 90, averaging 82.

P a l e s t i n e . T e x a s . — Rain is needed badly, although there has been one light shower during the week with a precipitation of nine hundredths of an inch. Average thermometer 79, highest 96 and lowest 62. , . „

b ' u n t s v i l l e . T e x a x .—Dry weather has prevailed all the week and rain is very much needed. The thermometer has aver­aged 84, the highest being 98 and the lowest 72.

D a l l a s , T e x a s .—Texas crops have been damaged by drought. East of the Trinity River cotton still promisee fairly well, but even there rain is now needed. In the remainder of the State cotton has already been badly injured, with further disaster imminent. Early corn has yielded well, but unfortunately the bulk of the crop was planted late and has been damaged past all redemption. With rigid economy the com supply mar suffice for home use, but there will be none for export. We~ have had one light shower the past week. the precipita­tion being seven hundredths of an inch. The thermometer has averaged 83, ranging f r o m 86 to 100.

S a n A n t o n i o , T e x a s . — The drought is very severe and all crops have been badlv damaged. The thermomer has ranged from 72 to 98, averaging 85.

L u t i n g , T e x a s . - All crope have been injured by drought. We are suffering dreadfully for rain. Average thermometer 85,

and Wharton counties still continue poisoning cotton cater­pillars. No great damage has been done as yet. Prospects are fair. The weal her has been dry all t he week. The thermometer has averaged 84, the highest being 96 and the lowest 72.

O u e r o , T e x a s .—There is much need o f rain. Oops are suffering and have already been considerably injured. The thermometer has averaged 80, ranging from 64 to 96.

B r a n h a m . T e x a s —Serious injury has resulted from the con­tinued dry w. ather. Rain is very badly needed. The ther­mo mo me ter has ranged from 60 to 100, averaging 80.

B e l t o n , T e x a s .—No rain has fallen during the week. All crops have been badly damaged by drought. Average ther­mometer 80, highest 100 and lowest 60.

F o r t W o r t h . T e x a s . — C o m and cotton have already been greatly damaged b s a result of the absence of moisture. In counties where grasshoppers have been reported the insect* have, strange to say, completely stripped some fields while adjoining fields show but little injury and few grasshoppers. The thermometer lias averaged 8-j, the highest lieing 100 and the lowest 70.

W e a t h e r f o r d , T e x a s . — A terrible draught is prevailing. Both com and cotton hare been badly damaged. There are no indications of rain. The thermometer has averaged 84, ranging from 68 to 100.

A w O r l e a n s , L o u i s i a n a . — U tk in has fallen on three days, to the extent of one inch and twenty hundredths, Thu ther­mometer has averaged 82,

S h r e v e p o r t , L o u i s i a n a .—The crop continue* in favorable condition although no rain ha* fallen during the week. Average thermometer 84, highest 97, lowest 73.

L a k e C h a r l e s , Louisiana.-— There have been light local showers the past week, hut. the rainfall has been too small to measure. The thermometer has ranged from 79 to 96, aver­aging 86.

O c l e m b u s , M i s s i s s i p p i .—We have had rain on three days of the week doing much good, hut in some localities the weather is still dry. The precipitation reached one inch and twenty hundredths. The thermometer has averaged 83. rangingfrom 69 to 106.

M e r i d i a n . M i s s i s s i p p i .—There ha* been sufficient rain dur­ing the week. The corn crop is safe. Hot weather is forcing cotton rapidly forward, and if no disasters occur later, a full crop will be made in this section.

I s l a n d , M i s s i s s i p p i , — T h e week's ra nfili has been twenty- two hundredths of an inch. The thermometer has ranged from 70 to 92, averaging 80-3.

l i t t l e B o c k , A r k a n s a s , —We have had rain on four days of the past w eek , the precipitation reaching two inches aod fif­teen hundredths. The rain came very opportunely for the crops, especially for corn. Average thermometer 80, highest W, lowest 70.

Helena. Arkansas.—Crops show no improvement. It has mined lightly on two days of the week, aod the rainfall hasbeen sixty-nine hundredths of an inch. The thermometer

i averaged 81, the highest being 96 and the lowest 70. M e m p h i s , T e n n e s s e e ,—Crops are suffering for moisture. We 1 light rain on fsundav and Wednesday, the precipitation king twenty hundredth# of an inch. The thermometer has

w aged 80'8. ranging from 69 2 to 93-3,N a s h v i l l e , T e n n e s s e e .—The crop has improved a little,

i has fallen during the week to the extent of thirty-six

hundredths of an inch. The thermometer has ranged from 71 to 94, averaging 82.

M o b i l e , A l a b a m a .—The plant is small, but doing well. The weather has been favorable the past week. Rain has fallm on five days, to the extent of thirty-nine hundredths of an inch. Average thermometer 82, highest 91 and lowest 70.

M o n t g o m e r y , A l a b a m a .—We have had rain on two days of the week, the rainfall being three inches and fifteen hun­dredths. The thermometer has averaged 84, the highest be­ing 95 and the lowest 72.

S e l m a , A l a b a m a .—Crops are steadily improving, but a few localities still need rain. We have had rain on three days of the week, the precipitation reaching one inch and forty hun­dredths. The thermometer has averaged 86. ranging from 70 to 104.

A u b u r n , A l a b a m a .—Telegram not received.M a d u s o n , F l o r i d a .—The plant shows improvement. It has

rained on one day of the week, the precipitation being fifteen hundredth* of an inch. Average thermometer 84, highest 94> lowest 70.

Columbus, G eorgia .— Crops are small and backward, be­ing fully two weeks late. There has been rain during the week on two days, to the extent of seventy-two hundredths of an inch. The thermometer has averaged 84, the highest being 96 and the lowest 71.

Savannah, G eorgia.— There has been rain on four days during the week, the rainfall being one inch and eighty-two hundredths. The thermometer has averaged 84 and ranged from 73 to 100.

Augusta, G e o r g i a .—The weather has been warm and sultry during the week, with heavy general rains on four days. Accounts from the crop are as a rule less favorable than last week in consequence of too much rain at some points and lack of it at others. The plant on gray lands is small and r>oor. The rainfall reached two inches and thirty-three hundredths. The thermometer has ranged from 70 to 98, aver­aging 84.

C h a r l e s t o n , S o u t h C a r o l i n a .—We have bad rain on three dava of the week, the precipitation being seventy-nine hun­dredths of an inch. Average thermometer 84, highest 99 and lowest 74.

S t a t e b u r g , S o u t h C a r o l i n a .—There has been rain on two days during the week, the rainfall reaching ninety-eight hun­dredths of an i- ch. The thermometer has averaged Ski, the highest being 98 and the lowest 72.

W i l s o n , Aorta C a r o l i n a . — Rain has fallen on four days of the week, to the extent of one inch and fifty-six hundredths. The thermometer has averaged 83, ranging from 70 to 93.

t'he following statement we have also received by telegraph s owing the height of the rivers at the points named at 3 o clock Julv 20. 1893, and July 21, 1892, _______________

July 2 0 , '9 3 . July 2 1 , '9 2 ,

New O rleans............... A b ov e low -w a term a rk .Memphis.......................Above low-water mark.N a sh v ille .....................A bove low -w a ter m ark.Shreveport..................A bove low -w a ter markVick* -o re .....................A b o v e low -w a ter m ark

F e e t .12'5IV 8 31

M is s in g ,Miselng.

F eel.1 4 32 7 -5

3-61084 1 -2

r e a r

Shipm.Great

Brttn,

enu this week. Shipments since Sept. 1. Receipts.Conti­nent.

_ , areal 1 Conli- Tatal. Britain nent. Total. ThisWeek.

S ince Sept. 1,

•92-3•91-2•90-1•9-90

1.0001,000

1 ill 4.000 42,000 782,000! 824,000 7,000

6.000 69.0001817.000 880.000 3,0001.000 1O3.00O 009.000 1,012.000 10,000 .........1303,000 i.og?,oooJ1,400,0001 7,000

1.708.0001.721.0002.003.0002.181.000

tmuds. C o t t o n M o v e m e n t p r o m a l l P o r ts , .—The receipts and moment* of cotton at Bombay have been as follows for the week and year, bringing the figures down to July 20,

8 0 K B * T B K C tlF T * AND *H !P K K M r» fO K TOOK T B A iM .

According to the foregoing Bombay appears to show a d e c r e a s e compared with last year in the week’s receipts of1,000 bales and a d e c r e a s e in shipments of 1,000 bales, and the shipments since Sept. 1 show a d e c r e a s e of 82,000 bales. The m o v e m e n t at Calcutta, Madras, and other India porta for the last reported week and since the 1st of September, for two years, has been as follows. “ Other porta” cover Ceylon, futicorin, Kurrachee and Ooconada._______________

Shipment* for the week.great Conti-

Britain, nent.Cttlaana-

ls9 2 -9 3 ...1891- 9 2 ...

K«dr»»—1892- 9 3 ...1891- 9 2 ...

All o tb e r * -1892- 9 3 ... 1891-92...

T ria l a ll- 1392-93... 1391-92...

1,000

1.000 ;

Shipments since Sept. 1.

Total. GreatBritain. Continent. ra ta l.

.........

. . . . . .11,000

8,00043.00029.000

54.00037.000

10,00021,000

6,00013,000

16,00034,000

1,000 27.00032.000

57.00062.000

34.00094.000

j 1,000 48.00061.000

106,000104,000

154.000165.000

Shipmentso a ll Muropc

from —

1 8 9 2 -9 3 , 1 8 9 1 -9 2 . 1890-91.

Thismeek.

Since Sept. 1.

Thisweek.

Since Sept. 1,

Thisweek.

SinesSept. 1,

dorobay. . . . . . . 4 .0 0 01.0008 2 1 .0 0 01 5 4 ,0 0 0

5 ,0 0 0 886,0001 6 5 ,0 0 0

1,0007 ,0 0 0

nmVvt r—1O

N

A lloth erports .

T o t a l . .___ 5 ,0 0 0 9 7 8 .0 0 0 1 6 ,0 0 0 1 .0 5 1 ,0 0 0 8,000 1,231.000

152 THE CHRONICLE. [VOL, LVII.

A l e x a n d r ia R e c e ip t s a n d S h ip m e n t s .— Through arrange­ments we have made with Messrs. Davies, Benachi & Co;, of Liverpool and Alexandria, we now receive a weekly cable of the movements of cotton at Alexandria, Egypt. The following are the receipts and shipments for the past week and for the corresponding week of the previous two years.

A le x a n d r ia , E g yp t,J u ly 19. 1 8 9 2 -9 3 . 1 8 9 1 -9 2 . 1 8 9 0 -9 1

B e o e lp te (o a n ta rs* )___T h is w e e k ___S in ce 8 e p t . 1 .

1 ,0 0 05 ,1 3 6 .0 0 0 4 ,6 6 1 ,0 0 0 4 ,0 1 8 Ouw

T h isw eek .

S in ce Sept. 1.

T h isw eek .

S in ce S ept. 1.

T h isw eek .

S in ct Sept. 1

E x p o r ts (b a le s )—T o L i v e r p o o l ...............To C o n t in e n t ...............

T o t a l E u r o p e ..........

4 .0 0 02 .0 0 0

3 0 8 .0 0 03 2 6 .0 0 0

2.00C3 ,0 0 0

3 2 9 .0 0 02 6 5 .0 0 0 2 ,0 0 0

277.00C 24 8 000

6 .0 0 0 6 3 4 ,0 0 0 5 ,0 0 0 5 9 4 ,0 0 0 2 ,0 0 0 5 2 5 ,0 0 0* A oantar Is 98 pounds.This statement shows that the receipts for the week ending

July 19 were 1,000 cantars and the shipments to all Europe6,000 bales,

M a n c h e s t e r M a r k e t .—Our report received by cable to-night from Manchester states that the market is easy for yarns but steady for sheetings. Manufacturers are gene/ally well under contract. We give the prices for to-day below and leave those for previous weeks of this and last year for comparison:

1893. 1892.

3 2 , C op . T totit.

8 H lbs. S h irtin g s.

QotVnM id .lip id s

32 s O op. T w ist.

8 *4 lbs. S h irtin g s.

Oott’r M id TJp Id

J ’e 16 “ 23 “ 30

-July 7 “ 14 “ 21

d. d.6 78 ®734 6 78 ® 7 % 6 7 s *® 7

6 1 s 1 0 ^ 7 5 8 6 7 q ®75g 6 34 ' ® 7 12

s. d. b. d.5 6 ^ 7 4 5 6 1 ® 7 4 5 6*^®7 4 5 6 ^ 3 7 4 5 7 3 7 4 5 7 3 7 4 1*

d.4 ^

Si!4»841*4Li

d. d.6 ^ 3738 6H» 3 7 ^ 6^8 3 7 ^ 6H 37*4 6*4 3714 63,« 3 7 18

s. d. 8. d.5 3 3 6 8 5 2 3 6 7 5 1 3 6 6 5 0 ^ 3 6 6 5 01*36 6 5 0 3 6 5

d.4 3ia4^1643 1 5 1 63i»le3 l 7 1 8

J u t e B u tts , B a g g in g , & c .—The dealings in jute bagging the past week have been of very limited volume; quotations, however, have been quite well maintained, the close this evening being at 41 c. for 1% lbs., 5c. for 3 lb3. and 5J c. for standard grades. Jute butts continue very quiet at 1 l-16c. for paper grades and 1% <t, l%c. for bagging qualities.

N e w O r l e a n s F ir s t B a l e .—The first bale of cotton of the crop of 1893 94 received at New Orleans arrived there on Thursday, July 13, from Bseville, Texas. It weighed 536 pounds and was sold by auction the following day for §31 to JVIr. Alex. Ssrentine. Last year the first bale also came from Texas, reaching New Orleans on July 13.

T e x a s C o tt o n C r o p .—The Galveston D a i l y News published in its issue of July 30 the second of its crop reports for the cur­rent season. Reports from every agricultural county in Texas are included, and they represent the condition of Texas crops

-on the loth to the 17th inst., the dates on which the reports were made. Editorially the returns are summarized asfollows.

The drouth has done great harm to the cottou crop except in Eastern Texas, where too much rain has fallen and where dry weather w asjust -what the farmers needed Even here, however, there is beginning to he too much sunshine and heat, and complaints are heard. In Central Texas, where something over one-third the cotton crop is produced, the cotton has suffered from several causes, and the prospect is not bright. Grasshoppers and other insects did injury iu the northern part, while worms are reported from many point? in the South. North­ern Texas is badly spotted. Dallas. Collin and Fannin counties report­ing fairly good prospects, while elsewhere iu the district conditions are by no means favorable. The importance of these indications is at once apparent when it is stated that Central and North Texas produce 67 per cent o f the Texas cotton crops. The report from Southwest Texas are almost uniformly bad. Complaint is made of drought, and the plant is shedding badly in some neighborhoods. The coast district needs rain in some portions, but on the whole is in a better condition than others. Worms are reported in many localities and the farmers are busy destroying them. In West Texas the loug drought has parched everything, and even with good rains now, scarcely more than a small crop can be made.

T h e F o l l o w i n g a r e t h e G r o s s R e c e i p t s o p C o t t o n at JfewYork, Boston, Philadelphia and Baltimore for the past week, and since September 1,1892.

R eceipt*fro m —

NSW YOBK. BO8TON. P h i l a d e l p h ’a B a l t im o r b .

This w eek .

S inceS e p t .l .

Thisw eek.

Since Sept. I.

T h isw eek .

Since S ep t. 1

T h is w eek .

Since Sept. 1.

N. Orleans. 3, SOI 336,638Texas........Savannah.

7051,393

274,380254,100 90,257

.........0,165 1,183 90,248

Mobile......Florida...... 9,137 ,,£ 0 . Carol’*. 461 69,363No.Carol’a. 50 17,217Virginia... Northn pts

234 31,2361,336

23,136323,955

10,11013.584

401 81,211

Tenn., Ao.. 47.831 314 118.940 1,103 05,825 426 60,004Foreign.... 27,710 140 20,757

This year 6,699 1,117,012 1,310 582,045 1,105 95,090 2,007 237.403T.**t year . 7.S77 1.5S4 «05 5.S09 702.877 5H3 111.737 2.954 367,340

The E x p o r t s o p C o tt o n from New York this week show a decrease compared with last week, the total reaching 8,693 bales, against 14,151 bales last week. Below we give our usual table, showing the exports of cotton from New York, and the direction, for each of the last four weeks; also the

total exports and direction since Sept. 1, 1892, and in the last column the total for the same period of the previous year.

EXPORTS OF COTTON (BALES) FROM NEW YORK 8INCE 8EPT. 1 , 1 8 9 2 .

E x p o rted to—

W eek E n d in g -T ota l s in ce

Sept. 1.

Sam ep e r io d

p r e v io u sy ea r .

J u n e3 o .

J uly

7 -

J u ly14 .

J u ly21 .

L iv e r p o o l .................... 3 .6 2 7 5 ,9 7 5 6 ,5 0 6 2 ,0 2 0 3 6 7 .7 ‘ 8 4 2 5 ,2 8 5O th er B r it is h p o r t s . . 2 ,7 4 5 2 ,4 8 0 2 ,1 0 0 1 ,7 8 5 8 4 ,6 3 6 9 5 ,2 3 5

T o t . t o G t . B b it ’ n . 6 ,3 7 2 8 ,4 5 5 8 ,6 0 6 4 ,7 0 5 4 5 2 ,4 1 4 5 2 0 ,5 2 0

4 2 3 15 0 8 3 9 3 1 ,7 7 5 3 6 ,6 3 9O th er F r e n c h p o r t s . . .......... 6 5 0

T o t a l F r e n c h ___ 4 2 3 15 0 8 3 9 3 1 ,7 7 5 3 7 ,2 8 9

3 ,1 7 5 3 5 0 4 7 .1 7 8 4 7 ,4 3 6H a m b u r g ....................... 74 7 1 ,6 * 7 9 1 5 5 0 0 2 5 ,3 3 8 5 1 .6 9 1O th er p o r ts ..................... 1 ,5 5 0 1 ,021 1 ,1 6 0 10 0 7 2 .8 1 7 6 9 ,8 9 0

T o t .t o N o . E u r o p e 5 ,4 7 2 2 ,1 0 8 2 ,1 2 5 6 0 0 1 4 5 ,3 6 3 1 6 9 ,0 1 7

S pa in , I t a ly , & o .......... 81 3 1 ,0 9 9 2 ,2 8 1 3 ,3 8 5 4 5 .8 0 8 3 9 ,4 1 9A ll o t h e r ......................... 50 0 .......... .......... ........... 1 ,9 6 2 1 ,9 0 7

T o t a l Sp a i n , &c . . 1 ,3 1 3 1 ,0 9 9 2 ,2 8 1 3 ,3 8 5 4 7 ,7 7 0 4 1 ,3 2 6

G r a n d T o t a l ___ 1 3 .5 8 0 1 1 ,8 1 2 1 4 ,1 5 1 8 ,6 9 0 6 7 7 ,3 2 2 7 6 8 ,1 5 2

Sh ip p in g N e w s .—The exports of cotton from the United States the past week, as per latest m ail returns, have reached 32,578 bales. So far as the Southern ports are concerned, these are the same exports reported by telegraph and published in the C h r o n ic l e last Friday. With regard to New York we include the manifests of all vessels cleared up to Thursday.

T otal b a les .Ne w Y o r k —T o L iv e r p o o l , p e r s tea m ers A r iz o n a , 1 ,4 1 1 .........

A u ra n ia , 1 ,2 3 1 C u tic, 2 7 8 . . . . ..................................................... 2 ,9 2 0T o H a ll , p e r stea m er F r a n c is c o , 1 .7 5 0 ............................................. 1 ,7 5 0T o L o n d o n , p e r s tea m er L u d g a te H ill, 3 5 ........................... ........... 35T o H a m b u rg , p e r s te a m e r R u g ia , 5 0 0 ............................................... 5 0 0T o A n tw e rp , p e r s tea m er N oord la n d , 1 0 0 ..................... ............. 1 0 0T o G eu oa , p e r stea m ers F u ld a . 8 0 0 . . . I o i z l a t iv a , 1 .9 6 4 ........ 2 ,7 6 4T o N ap les, p e r s te a m e r K ron P rin z F r ie d r ich W ilh e lm , 6 2 1 . 62 1

N e w O r l e a n s —T o L iv e r p o o l, p e r stea m ers M e x ica n , 4 , 9 4 0 . . . .O rion , 5 ,1 2 0 .................................................................................................... 1 0 ,0 6 0

T o B a rce lo n a , p e r s tea m er G ra n A n tilla . 3 , 8 9 0 ........................... 3 ,8 9 0T o M alaga , p e r s te a m e r G ra n A n tilla . 2 ,5 0 0 ................................... 2 ,5 0 0

Ch a r l e s t o n —T o B a rce lo n a , p e r s tea m er G ra v in a , 3 ,1 6 0 .............. 3 ,1 6 0Bo s t o n —T o L iv e r p o o l, p e r stea m ers B o s to n ia n , 3 8 6 C a m b ro -

m a n , 5 2 8 ___ C a ta lon ia , 9 0 3 ____K a n sa s , 7 3 4 . . . .N o r s e m a n ,7 2 0 ....................................................................................................................... 3 ,2 7 1

Ba l t im o r e —T o L iv e r p o o l, p e r s tea m er P a rk in o re , 1 1 8 ................... 11 8T o H a m b u rg , p e r s tea m er E ssen , 100 . ............................................. 1 0 0T o B rem en , p e r s tea m er M u n cb en , 4 5 0 ................. .. ..................... 4 5 0

Ph il a d e l p h ia — To L iv e r p o o l , p e r s te a m e r O h io , 3 3 9 ....................... 3 3 9

T o ta l........................................................................................................................ 3 2 5 7 8The particulars of these shipments, arranged in our usual

form, are as follows:H u ll B rem en B a rce -

L iv e r - <& L on - tfi H a m - A n t- Ion a <&p oo l. d on . bu rg , toerp . G en oa .M a la g a .N a p les . T ota l.

N ew Y o r k . 2 ,9 2 0 1 ,7 8 5 5 0 0 1 0 0 2 ,7 6 4 . . . . 6 2 1 6 .6 9 0N. O rleans. 1 0 ,0 6 0 ........................................................... 6 ,3 9 0 ........... 1 6 ,4 5 0C h a rleston .................. ......................................................... * 3 ,1 6 0 ........... 3 ,1 6 0B o s to n ........ 3 ,2 7 1 3 ,2 7 1B a lt im ore .. 118 ............ .. 5 5 0 ............................................................ 6 6 8P h ila d e l ’ a .. 3 3 9 ............................. 3 3 9

T o t a l . 1 6 ,7 0 8 1 ,7 8 5 1 ,0 5 0 1 0 0 2 ,7 6 4 9 ,5 5 0 6 2 1 3 2 ,5 7 8Below we add the clearances this week of vessels carrying

cotton from United States ports, bringing our data down to the latest dates:N e w O r l e a n s —T o L iv e r p o o l—J u ly 1 8 —S tea m er D a r ie n , 3 ,3 0 0 .........

J u ly 1 9 —S team er N a v a rro , 8 ,1 5 0 .T o B r e m e n - J u ly 1 5 —S tea m er A k a b a , 4 ,2 3 3 .T o H a m b u rg —J u ly 20 - S tea m er A se a n ia . 4 2 4 .

C h a r l e s t o n —T o B a rce lo n a - J u ly 1 7 —B a rk E sm era ld a . 1 ,7 8 9 . N o r f o l k —T o L iv e r p o o l—J u ly 1 ) —S te a m e r A b o ra ca , 1 ,6 0 0 .

T o B re m e n —J u ly 1 7 —S te a m e r C oron a , 600 .B o st o n — To L i v e r p o o l - J u ly 11 8 tea in er G e o rg ia n , 2 5 6 ----- J u ly 1 4 -

S team ers B o th n ia , 406 ; M ich iga n , 2 ,0 6 9 .B a l t im o r e —T o B r e m e n - J u l y 18—S tea m er W eim a r, 8 8 1 .

T o A n t w e r p - J u l y 8 —S tea m er S a 'e rn o , 4 4 8 .Ph i l a d e l p h i a —T o L i v e r p o o l - J u ly 1 8 -S t e a m e r B r it is h P r in ce , 264 .

Below we give all news received to date of disasters to vessels carrying cotton from United States ports, & c . : Ch u r r u c a , s tea m er (S p a n .), a t S a v a n n a h . - O n e h u a d r e i a u d n in e ty -

e ig h t b a les o f c o t t o n o u s tea m er C h u rru ca w e re b u rn ed a u d 6 0 7 d a m a g e d b y w a te r . A s u rv e y re co m m e u d e d th a t th e a b »ve be so ld , a n d th e b a la n c e o f ca r g o (32 2 b a le s ) , w h ich w a s d is c h a r g e d d ry a n d in g o o d o rd e r , b e r e -lo a d e d .

Cotton freights the past week have been as follows:

S a tu r. M on . T u tt . W ed n es. T K urs. F ri.

L iv e rp o o l, s tea m , d *8 hD o la te r ..d . . . . . . . . . . . . . . . . . . . . .

S a y r e , re g . l in e ./I . % ®716 3 8 3 7i6 =80118 % a 7i6 3s® 7isD o o u ts id e str.cf. . . . . . . . . . . . . . . . .

B rem en , s t e a m ..d. 984 °61 »64 984 9S1 964Do v . H a m b .d . . . . . . . . . . . . . . . . . . . . . . . . .

H a m b u rg , s tea m d . *8D o ............d. . . . . . . . . . . . . ___ . . . .

A m s 'd a m , s tea m .c . 25* 30* 30* 30* 30* 30*D o la te r . .c . . . . . . . . . . . . . . . . . . . . . . . . .

R ev a l, s t e a m ___ d.Do ............., .d .

B ’ lo n a , d i r e c t . . . d.

sia S18 316 S16 S16 3ie

S18 31S 3 ib 3ie 316 318G e n o a , s t e a m .. .d . 532'®1164 53 2® n 64 532'S*l l 64 532'®l l 61 532'®1164 53 i ® l l 64T r ie s te .v .L o n d ’ n d . 7S2 h i 732 732 732 732A n tw e r p , s te a m , d. 7<m 38 2® 764 3S2® 784 33 9 ® 764 3^2'®76« 3«^

* C en ts * e r 1 0 0 ins*

July 23, 1893.J THE CHRONICLE. 153Liverpool.—By cable from Liveroool we nave the following

statement of the week's sales, stocks. &e., at that port:

J u n e 30. J u ly 7 . j J u ly 1 4 J u ly 2 1 .

S ales o? th e w e k ____ b a les . 54,000 34,000 54,000 55,^00O f w h ich e x p o rte rs to o * .. 1 ,0 0 1,000 1,< 09O f w h ich sp e c u la to rs took .. 1.000 1,000 2,000 2,004

SaU-s A m en ra il ............................ 49,000 33,u00 44,000 48,000A n oat e x .-o r t................................ 1*2,000 7,000 5, 00 6,0* i0F o rw a rd e d ...................... ................ 58,000 43,000’ 56,0 > » 5 3 , 00T o ta l s to c k —E stim ated ............ 1 .4 18 ,0 0 0 1t ,366.0'>0 1 ,376,<00 1,344,000

O f w h ich A m -ric a n — E atim 'd 1 ,1 7 ‘ ,< *l0 1 ,14 2 .0 4 1 1,,121.00 0 ;L,08 8,000T o ta l im p ort o f ih e w e e k ......... 17,000 19,000 5 L 0 0 0 2 " ,000

O f w h ich A m erican .............. U.tiOO 15,000 28.0 »■ * 15.000A m o u n t at! a t .............................. 37 040 30,000 22,000 3 ,000

O f w h ich A m e ric a n ................. 30,000 20,000 21,1.00 25,g0 0

The tone of the Liverpool market for spots and futures each day of the week ending Ju!y 21. and the daily closing prices of spot cotton, have been as follows:

Sat. M nn. Tues. W ed. Thurs.72*4 7 1 % 7 l i e 70 70*373 72 % 7 1 % 70 % 7 H e7 -ifl 75*8 4 4 73 733s7 7 \ 7 7 -a 7 6 % 7 %

-0. 8 1% 8 1% 80% 79 % 80%

Spot. S a tu rd a y H olid a y . T u esd a y. W n in e s . T h u rsd ’ y. F r id a y .

M a rk e t, } 1 :4 5 t . XL ]

Quiet and steady. Harden’s. Quiet and

Arm.In buyer*’

favor. Steady. Qaiet.

M ld .U p t'd s. 4% 4% * 8U 4®i* 4*16 *%

S a l e s ___S p ec. A ex p .

8,000300

8,000500

7,000500

10,000500

10.0001,000

9,000aOO

F u tu res . M a rk e t, )

1 :4 5 l\ m. \Steady a ’I-*4ffc2-A4advauee.

Steady a; l-*4 ad­vance.

Q aiet.Steady at l-*4 *» £-**

decline.

Quiet at partially 1-5* dec-

Qaiet at fwrtlaity 1-54 dec.

M a rk et, > 4 F. M. $ stead y. Firm. Qaiet ear

steady Q aiet. Steady. Quiet and H H ftj.

The opening, highest, lowest and closing prices of futuies at Liverpool for each day are given below. Prices are on the basis of Uplands, Low Middling clause, unless otiierw se stated:

t W 7A* t r rv x t n r . g iv en tot g en re a tu t 6 4 M , T h i* . I 8 1 m e a n t 4 8 J-6H t. a m t 5 01 m M M 5 I 4 i< i

was a tride stronger during early ’Change on reports of crop damage in the Northwest by hot winds, but later reports of further bank failures in the West caused a decline. The spot market was less active but firm. Sales included No. 3 red winter at August price f. o. b. afloat; No. 3 hard winter at 8J£c. under December delivered; No, i Northern at 2c. under September delivered, and No. 2 Northern at 3c. under Sep­tember delivered.

D i u .r CLOSING PRICES OP NO. 2 RED WINTER WHEAT.

r n .70 % 70 %73 7.*% 7 9 %

Indian corn futures have been more active but at declining prices under free selling by the West, promoted by favorable

! crop prosoects. Sympathy with the decline in wheat and the unfavorable financial situation also had a depressing effect upon values. In the spot market exporters have been moder-

! ate buyers at lower prices. Yesterday’s sales included No. 2 ; mixed at id 48c. in elevator and 43*£o.<$403. delivered. The market to-day was dull, and favorable crop accounts caus-d a slight further decline in values. The spot market w m qdst and easier. Sales included No. 2 mixed at 47 ?4 C.@ ITJic. in elevator and 48IiC,@48J^c. delivered.

DAJXX CLOSING PRICES OP NO. 2 MIXED CORN.SaL M on . T u et. W ed. T h u rt. f r i .

in ly d e l iv e r y .......................0 . -18% 48% 48 4 7% 4 7 % 471,A avast '-nv.-ry -------- 0. 49 19% 4> % 49 47% 47%Seotember 1»M»«ry............ o. 49% 49 18% 44% 47% 47O oto'er delivery............" ............................................. 4*% 47% 4 7%

Oats have also declined under Western selling, prompted by the favorable outlook for the crop and in sympathy with the depression of wheat and corn. To-day the market was dull and without change of feature of importance.

DAILT OLOaiNU PRICES OP NO. 2 MIXED OATS.

J u ly ... . . . . . .Jn ly-A a*. An*.-Sept... S e p t - i > c t .

Oct.-.Nov.... N or.-D ee. D ec.-J in ..,. Jan.-r«t>.... Feo.-McL..

Jnly........J aly-A on.. Aa<.-s.ept B eyt.-on Oat—N o r... N o r-D ee.. Dee.-Jna. . Jan—Fee..Feb -Mch.

O a t.. J u lr 1.5 . S l s i . , J a l y 1 7 . T a e e . , J a l y f «*.

IIj

li

II

if if i

l

ii

! jOp#** ! ir Ota,

•4. 4. 4 4. *. r * . 1 4 4.. 4. | A 4.*27 4 27 4 27 4 27 4 29 4 8*j 4 i ’j 4 31 ! 4 29 4 29 4 29 * 29* t l 4 27 4 2 7 '4 i? 4 89 *ao 4 8 9 1« ao ! 4 89 4 39 i t * * 1®4 i f i t s 4 27 4 88 4 29 * 39 4 2V 4 30 4 29 1 SO 4 22 4 0i iS 4 22 4 f8 4 29 4 30 4 31 4 30 1 3i 4 30 4 3| < 30 4 31i 30 4 30 4 30 4 ?0 4 31 4 33 4 32 4 33 4 32 4 32 4 32 « 321 3| 4 32 4 3! 4 32 4 33 4 H 4 33 434 4 38 4 84 4 33 4 34< U 4 33 4 33 <33 435 4 3d 435 4 35 4 35 4 34 4 35 4 801 34 435 4 34 4 35 4 37 4 49 4 87 4 *8 4 S7 4 37 4 47 4 874 -*4 43d < ?6 4 36 4 38 4 39 4X9 1 34 4 39 1 39 439 « :\i4 &S 4 48 4 36 438 4 40 4 41 4 40 4 i t 4 11 4 41 1 41 44!

W e d .. J a l y 1 * . T h e r e . . J a l y ‘i n . N n ., J u l y J l

0psn Lme. Clot, Ota.. Opsn H tyv Low Um*

d. 4. 4. 4. 4. 4. 4, 4. 1 4 4. 4i i f 4 t f 4 27 4 87 4 28 4 26 4 24 4 87 4 25 4 20 4 24 4 U1 27 417 4 27 4 87 j 4 28 4 as 4 24 427 4 25 4 SO 4 2* 4 254 27 4 in* 4 27 4 27 4 28 4 2* 4 24 487 4 *5 4 SO 4 24 4 254 28 4 2V 4 28 4 29 1 2* 4 89 427 4 28 4 M 4 *T * 25 4 304 30 4 90 4 30 4 30 4 10 4 31 429 4 2V 4 28 • 28 4 37 4 274 41 4 rz 4 81 1 4 32 434 432 4 30 4 31 4 29 4 39 4 18 « 294 A* 4 31 1 33 < 33 433 134 432 433 4 31 4 3! 4 30 * 304 3$ i m 4 35 435 4 35 438 * *4 1 34 4 8* 4 38 4 3 2 4 324 30 4 37 *30 1 37 4 87 4 37 434 430 4 34 4 35 4 S3 4 44 38 4 39 4 3S 4 39 4 3J 439 4 37 4 38 4 JO 4 20 4 35 I 434

Sat. M on. Tuts. Wed T h u rt. F r i .J a ly d e liv e r y ................ 37 36% 36 H 3 5 % 3-1% 34%A u so s t d e liv e ry . . . . . . *3 % 3 i 32% 3 1% 30% 30%Se .toolbar d e l iv e r y . . . . .c . 3 1 % 3 1 % 3 1 30*4 29 8* 298*

Rye has been in slow demand, and at the close the market was easy, but prices have made no quotable decline.

FLOOR.F in e ...................V bbl. 81 7 5 9 * 2 1 5 IJaperflne . . . . . . . . . . . 1 * 5 9 2 40g x tflt . No. 2 .......... ..... 2 05 9 2 50E xtra, No. 1 ............... 2 20 9 2 7 ilo u r s ........................... 2 30 9 9 t o

4-ralghte . . . . . . . ---- - 3 0 0 9 3 7 5la te n t , ap rtn*__ . . . 3 7 5 9 4 20

{W heat S o a r In (woks se lls s t prions b elow th o se for barrets.]GRAIN.

P a te n t, w i n t e r . . . . . . . $3 4 5 » $ 3 7 5C ity m ills e x tr a s __ _ 3 8 * o 3 90Rye fltmr, snnerrtne.. 2 95 9 3 25B u c k w h e a t flo u r................... 9 . . . .C orn m eal—

W estern, A o ............. 2 60 9 2 70B ran d yw tn e__ ____ 2 7 5

•niaet— c. 0. C orn, p er b a sh .— 0. 0.sp rin g . »»or b t u h .. . BEm w in ter Mo 2 . .

63 9 76 W e s fn in lx e .1 ........ 45 9 5071 9 72 % N o 2 m ixed . . . . . . 4 7 54 * 46%

Red w in te r_____ 60 9 74 W estern y e llo w .. 47 9 6 1White ....................... 62 9 7 1 W estern whine . . . . 43 9 54

O , t e —M ix e d .. * bn . 3* 9 3 7 R y e —W entorn, per bueh.W h it e ....................... 36 9 45 55 9 58

Vo. 2 m ix e d _____ 35% « 30ifl S ta te and J e rn e y .. 53 9 58No. 2 w h it e . . . ........ 3 7 9 3 1 B a r le y — Vo SW eat’n. 9

B u t e 2-ro w e d ........ 9S ta te 6-row ed . . . . a. 9

U T F o r E x p o r t * Of B r e a d * !t if fs fro m th e U n ite d S l a t e s l o r

B R E A D S T U P F S .PRIDAT, J u ly 2 1 . 1893.

Dulness has continued the primary feature of the market for wheat flour. Bayers have been totally iadiffrrent, due to declining values of wheat, though yesterday ths market showed signs of life, due to a rally in wheat, and some busi­ness was done, but at concesrions. Rye flour has met with only limited trade, but supplies are scarce and prices hold steady. Corn meal lias not attracted much attention, but prices are without change and steady. To-day the tn irket for wheat flour was neglected.

Early in the week the speculation in wheat future* was dull and prices eased off a trill * under dull an 1 weaker for­eign advices, but lat-r the market became fairly active under • free liquidation by the “ long" interest, due to the financial distress at the West, and values broke badly. Yesterday, however, there was som > recovery from bottom prices on ad­vices from the West rep irting some improvement in tha finan­cial situation. There has been a brisk trade in the spot mar­ket, particularly during the latter part of the week, but at declining prices. Shippers were the buyers. Their purchases yesterday inclu led No. 2 Northern at 3c. under September delivered; No. 3 hard winter to arrive at 8}-£c. under Decem­ber delivered, and No. 3 red winter, delivery first week in Angust, at August price f, o. b. afloat. To-day the market

Jane and tbe twelve month*, nee page 133.1'he movement of breadstuffs to market is indicated in the

statement below, prepared by us from the figures of the New York Prishice Exchange. We first give the receipts at Wsetern lake and river oort-s. arranged so as to present the c xnparativ.i movement for the week ending July 15, 1893, and since August 1. for each of the last three years:‘I. csiyts a t - Flour. ! IF AML Com. Oats. j Barley. Bye.

jS&K 1941a . BusK.9Ubs BiMA.54 (t>» BushSllbi Busk. 48 lh BuJ59 lb-Thlcaso — 13* 700 1313.042 1.201,475 15,779 9,540

ttliwaakaa... 1 sa l*o 184.4 0 4^00 123,000 4.80* 7.830140.259 5-19 9 48

Xian««polla. 877.480roiado.......... 2,1*® 988 0 a r m 6,80 1,309

78 710 1282 * 60.510 416J!«r#laod^.. AOOO fcVOG 8,500 60,000 2,0004t. Loals— . 13.435 331.385 179.515 6,363^eorla..-....... 7 3 M 7,800 97.550 256.200 1,400Sanaa* a t y . ........ 50.84.1 58.621 792 .......

Tot-wt. *93. *249 1*9 2.52». 22 4 2.412 930 1.897.784 24,3 -5 24.0»8<aaa« »k.*92. 245 418 3.405.105 1,497.361 3.007.751 131.700 50,062• ama wit,*91. 127JI&S, 3,754.171 2.217,525 1,317.657 19.413 23.103lines A uq. 1.

1692-93.... 18.909 418 235941.161 1843)69.955 114.087,591 29.357.824 7,127.4991891-92. .. . 12.844.78» 222.T73.700i J22.154.302 107,441,119 3L.56l.494 14.493 602189091___ 10.LJO.148i 114.163. 111! 93534.530l 90.601 730 29.404 844 4.302.532

The rnceioto of flour and grain at tne seaboard ports for the veek ended July 15,1893, follow:

F lou r. W heat. C orn . O ats. B a rley , R y e ,bblf. b u ib . bush. bush. bush. bu sh .

160,3 24 1 ,2 3 1.2 0 0 353.100 455.70 0 1,55 0 ........, 5 5 . '9 0 3 * 8 ,7dd 2S ;.-22i 145 .8 *0 1.400 l . H O

2 6 .7 2 7 2 7 9 ,3 5 1 1 1 1 .U 3 162,209 1,450 2 5,55 019 941 2 13 .2 6 3 45, *06 13 J .0 5 7 3,200 ........ .8 6.335 7 5 1 .7 2S 3 * 1 .6 H 8 3.745 1,0 43

1.8 35 3 .2 57 14 ,6 3 1 7.8807.09d 14 1.9 8 3 1 U . 1 5 3 53,460 ..........

PhiladelphiaB altim ore__R ich m on d . .Vew Orleans.

T o t. we«ik.. 4 17 .0 79 3.032,550 1 ,5 7 6 923 1 ,0 4 1,6 8 1 7 .6 >0sVeek 1892 30 6.997 1 ,8 1 1 ,9 0 3 1 ,2 2 3 ,63 3 1,2 6 5.0 30 10,050

Below are the rail shipments of floor and Weetern lake and river porta for four years:

gram•27,773

136,285from

THE CHRONICLE. [vo l . l v h ,1541893. 1892. 1891. 1890W eek W eek W eek W eek

J u ly 15. J u ly 16. J u ly 18. J u ly 19Flour........... ....b h ls . 338,573 26u,363 203,196 170,950

W heat......... 615,151 974,373 319,604 361.295Corn............ . 439.711 53 i.394 411,883 570,883Oats.............. 94-2.490 1,359,235 683,612 1,277.836Barley.......... 7,215 41,442 9. 40 19.8 9R ye............... 14,786 16.090 25,866 26,374

T ota l... . . . . . . . . . . 2,019,353 2,922,534 1,450.605 2,256.237The exports from the several seaboard ports for the wees

ending July 15, 1893, are shown in the annexed statement:E x p o rtsfro m — W heat. O o m . F lou r . Oats. R ye. P ea s.

B u sh . B u sh . B bls. B u sh . B u sh . B u sh .NewYork Boston... Portland.

1,439.072272,772

263,911200.605

119.90451,962

1.056

170,864 7,961 5,877

Montreal Philadel. Baltim’re

275,171175,557488.925

356,243 23,86641,560

166,656 24,889 49,928

244,90932,434

57;646584N. Orl’ns.

N, News. Norfolk..

154,612

Tot. week B’metime

2,806.109 1,098.132 296,578 337,520 32,850 55,805

1 8 9 2 .. . 1,952,115 546.887 256,406 305,791 54,307 42,218

The visible supply of grain, comprising the stocks in granary at the principal points of accumulation at lake and seaboard ports, July 15, 1893:

I n store a t—New York..........

Do aflo at...,Albany...............

Do afloat. .Cincinnati........Boston...............Toronto.............Montreal..........Philadelphia. Peoria...............

Kansas C ity ...B a lt im o re ........ .M inneapolis . . .On Mississippi..

T o t a l s —

W heat, O o m , O ats , R y e, B a r ley ,bush. bush . bush. bush . bush.

, 8,884.000 421,000 414,000 96,000 6,000120,000 17,000 8,000

29,000 15,'»00 2,000, 2,181.000 495,000 236.000 4,000 43.000.19,333,000 1,743,000 230,000 84,000 6.000. 1,202,000 , 5 ,016,000 . 1,594,000

6,000 24,000 57.000 1,000

25.000

57,000

187,000 13.000. 734,000 1,000 28,000 2,000 53,000

60,000. 2,744,000 113,000

36,00059,000 4,000 1,000

1,000 3,000 1,000 1,000 1,000. 499,000 518,000 37,000 21.000. 153,000 16,000 35,000. 487.000 102,000 313,000 30,000 78,000. 1,349,000 344.000 228.000

96,000 40,000 66,000 4,00066,000 21,000 18,000

. 492,000 85,000 37,000 2,000

. 924,000 996,000 293,000 14.000

. 9,647.000 1,000 35.000 3,000 21,00093.000 294,000 2,000

1,431,000 3,046.000 782,000 27,000 5,000: 2,272,000 340,000 31,<)00

July 15, 1893 ..59 .368 ,000 8,843,000 2,964,000 364,000 392,000July 8, 1893. .61,810,000 8 ,534,000 3,016,000 362,000 390,000July 16, 1892 ..22 ,440 ,000 6,9<>5,000 5,501,000 203,000 422,000July 18, 1891 ..12 ,472 ,294 3,365,202 1,759,308 152,600 74,779July 19, 1890..18 ,557 ,191 13,128,101 3,159,799 513,487 406,603

THE DRY GOODS TRADE.Ne w Y o rk , Friday, P. M „ July 21 ,1893 .

The past week has brought no relief to the dry goods market. The demand on all hands continues stubbornly slow, current needs being small, while there is a pronounced indis­position on the part of buyers to enter into engagements for future delivery of any quantities of either staple goods or fancies. It is difficult to catch the exact tone of the market beyond the fact that it is abnormally dull. In some quarters this dulness has deepened into depression, in others it is tempered with a belief that a change for the better in some resppcts is not far distant. There is no evidence, however, that it has improved during the week. Prices are more or less nominal, sellers have little inducement to make any change, as a lower range would hardly stimulate the demand under prevailing conditions. Previous quotations are out­wardly adhered to, but buyers have the best of the argument whenever they mean actual business. The deci-ion to close the Amoskeag Mills during August has emphasized the “ shut down policy” previously noted, and the example set is lik-dy to be followed by a number of other large corporations. The reduction in output of both cotton and woolen goods is re­garded favorably in the market here as the only course that will afford some relief from a pressure of unsold stocks, and in the event of the present dullness being prolonged during the next few weeks, prevent demoralization of prices.

D o m e stic W o o l e n s .—Another very dull week in this de­partment has to be reported. The slight increase in the de­mand noted last week has not been followed by any further expansion this week; business has in fact hardly come up to the total of a week ago. Cancellations of orders are in some quarters reported as exceeding the volume of new business. Prices are irregular, but the additional mills rep xrted closed or closing help to prevent any pronounced break. Details regarding trade in men’s-wear goods are unnecessary, no description of them showing results meriting special men­tion. In woolen and worsted dress goods some agents report the receipt of small duplicate orders from jobbers, and the latter have made some progress with their fall offerings, chiefly through the exertion of salesmen on the road.

D o m e stic C otto n Go o d s .—The exports of cotton goods from this port for the week ending July 18 were 1,939

packages, valued at $106,763, their destination being to the points specified in the table below:

Ne w Y o rk to J olt 18.1893. 1892.

W eek . S in ce J a n . 1. W eek . S in ce J a n . 1*

Great Britain............................ 41 2,160 83 2.916Other European...................... 5 826 20 1.043China.......................................... 300 16,804 59,606India............................................ 2,256 125 2,935Arabia.......................................... 5,143 7,233A frica ......................................... 5,821 33 5,064West Indies................................ 233 10,542 368 9 095Vtexico......................................... 16 1,193 31 2,0^0Central America...................... 36 2 590 130 3,406South America........................ 1,254 27,361 276 25,708Other countries........................ 55 1,438 45 1.640

Total..................................... 1,939 76,134 1,111 120,726China, via Vancouver....... 4,970 19,015 3,425 11,104

Total..................................... 6,909 95,149 4,536 131,830' From New England mill points direot.The value of the New York exports since January 1 have

neen $4,505,988 in 1893 against $6,220,233 in 1892.All staole cottons have been in limited request during the

week. In some quarters rather more business has been re­ported in brown sheetings, but in others results have hardly come up to those of the previous week. Prices are without change, but quietly irregular. In bleached shirtings and colored cottons a similar condition of things is reported. All other varieties of cottons are featureless in the absence of de­mand of auy character. Slow progress only has been made with fancy calicoes for fall trade. Some printers report the receipt of occasional duplicate orders and the sale of small lots to late purchasers. Little business either new or “ re­peats ” is recorded in dark ginghams. Joboers have had a disappointing week in their print stocks, the opening up of new fall lines failing to bring out buyers to any extent. The print cloth market continues inactive throughout; small sales of 64 squares at 2 1516c. are reported, but there is practically no demand. Stocks have increased 84,000 pieces since last report and now stand as follows :

1893. 1892. 1891.S tock o f P r in t O loths — J illy 14.

Held by Providence manufacturers. 147,000 Fall River manufacturers...................181,000

J u ly 15. J u ly 16.2,000 413,000None. 448,000

Total stock (pieces)......................... 328,000 2,000 861,000F o r e ig n D 4 Y G o o d s —Importers have had little to record

in the way of new business this week outside of fine dress goods and silks, for which some orders of moderate di­mension have been taken. These have, however, been more or less offset by cancellations of previous engagements entered into by buyers sometime ago. Linens, ribbons, laces and sundry fancy stocks are all very quiet.Importations and Warehouse W ithdraw als of Dry Goods.

The importations and warehouse withdrawals of dry goods at this port for the week ending July 20, and since Jan. 1, 1893, and for the corresponding periods of last year are as follows:

g 3

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July 22, 1893.] THE CHRONICLE. 155

S t * T £ a n d C it y D m n T M S N T .te r m s of su b sc r ip t io n .

Com m ercial and Financial C H R O M C L E con­tains 40 to 64 pages published every week.

State and City Supplement of CH R O JflCLE con­tains ISO pages published periodically.

Investors’ Supplement of C H R O N IC L E (a Cyclo­paedia of Railroad Securities) contains 100 pages published every other month. _________

Subscription to CHRONICLE for one year § 1 0 .0 0 , which includes everv issue of both Supplements.

T h e purpose o f tills State and City D epartm entis to furnish our subscribers with a weekly addition to and continuation of the State and City Supplement. In other words, with the new facta we shall give, the amplifications and corrections we shall publish, and the municipal laws we shall analyze in the “ State and City Department,” we expect to bring down weekly the information contained in the State and City Supplement to as near the current date as possible. Hence if every Subscriber will note in hia Supple­ment on the page designated at the head of each item a reference to the page where the item in the Chronicle can be found, he will at all times possess a complete and fresh cycl jpsedia of information respecting Municipal Debts.

State of Virginia New Bonds.—We understand that the Central Trust Co. of New York has shipped $6,000,000 of the Virginia new bonds by to-day’s steamers to Brown, Shipley & Co. Every effort is being made to prepare for the delivery of the new bonds simultaneously in England and this country about the middle of August, but the Commissioners of the State Sinking Fund have not yet completed the execution of the entire $i6.000,000 to be sent to the Bondholders' Commit­tee. There were only a nominal amount of old securities de­posited directly with the State, and as soon as the report of the Commission of Distribution became known the Sinking Fund Commissioners decided to issue the new bonds to such depositors. The $18,000,000 to be delivered to the Bond­holder* Committee eonst-it of $1,00) bonds and $5<J0 bond,, in all about 19,000 or 20,000 pieces, requiring two signatures each. The State has regularly paid its interest on the manuscript bond, ia all two years, amounting to I per cent. Three and one-half per cent will probably Isa retained by the committee for commission and expense* and the bonds delivered plus one-half of 1 per cent.

R on d P roposa l* and \ o g o lia tlo n * .—We have re­ceived through the week the following notice* of I onds recently negotiated and bonds offered and to be offered fr r sale.

Athena. Ore.—Proposals will be received untii September 1 for the purchase of water bonds of this city to the amount o f $12,000.

Belleville School District No. I, III.— H. D. t> iike . Sec­retary of the Board of Education of this district, will receive proposal.* until July 25 for the purchase of $20,000 of school bon is. The bonds will be dated August 1 , 1893, will ts ar in­terest at the mte of 5 per cent, payable semi annually, and will mature August I, 1913, with an option of call after August I, 1903,

llncjm*. Ohio —(State and City Supplement, pace 77.)— Bid- will be received until Angus’ 15 by W. A. Blicke. City Clerk, for the purchase of $13,000 of street improvement bond*. The bonds will be dated September 1, 1893. will bearinterest at the rate of 6 per cent, payable semi-annually, and will mature at the rate of $500 yearly from September 1, 1894, to 1897, and ’ hen at the rate of $1,000 Yearly from September 1, 1898, to 1908.

Camden County, M. J.—(State and City Supplement, p«ge 59.)—Last week we reported that authority had beengranted for a county loan of $30,000. W*> have since beenofficially informed that the Joan will to simply a temporary one in anticipation of taxes and it will be negotiated with the local hanks.

f'oggnn. Iowa.—Water-works bonds of this city to the amount of $0,500 have recently been voted. The bind- will b“ 'r inti-rest at the rate of 6 per cent pier annum and will be­come due m 20 years. The city \< total debt at present is $2,000, and it* assessed valuation in 1893 was $109,000.

Colombia, Mo.—An election will take place in this citv to vote on issuing $30,000 of school bonds.

Columbus, Ohio.—(S t a t e a n d C i t y S u p p l e m e n t , page 78.) —It has been voted by the Council to issue main trunk sewer bonds to the amount of $100,000.

Cuyahoga County, Ohio.—County Auditor A. E. Akins writes us that the $225,000 of 5 per cent armory bonds which were offered for sale on July 17 have been awarded to the Euclid Avenue National Bank of Cleveland for $225.02.1 and accrued interest to date of delivery. Interest on the loan will be payable semi-annually and botb principal and interest will be payable at the office of ibe County Treasurer. The bonds will be dated July 1, 1893, and will mature §15,000 yearly from July 1, 10 4, to July 1, 1918. with an option of call after ten years. They will be delivered $73,000 August 1 .1893. $75,000 September 1, 1893, and $75,000 November 1, 1893, or at an earlier date, at the option of the purchaser.

The indebtedness of the county is $160 000. Value of taxa­ble property for the year 1892 $140,000,000; actual value $525,000,000.

Davenport, I I I —Improvement bonds of this city to the amount of $80,000 have recently been sold at 101*5. The bonds bear interest at the rate of 6 per cent per annum and are redeemable at the city’s option,

Davenport, Iowa.—(S t a t e a n d C i t y S u p p l e m e n t , p a g e 109.)—Sewer bonds of this city to the amount of $60,000 h a v e recently been authorized by the Council.

Decatur County. Ind.—Bonds of this county to the amount of $15.0<)0 have recently been sold to the Citizens’ National Bank for 815,155. Interest on the loan is payable at the rate of 6 per cent,

Detroit, Mich,—( S t a t e a n d C i t y S u p p l e m e n t , page 98.)- Mr. Patrick Barry, Deputy Comptroller, notifies the CHRONI­CLE. in refereac-- to the b inds which were offered for sale on July It. that only one bid was received, which was rejected. Tins was from Daniel Moran <St Co. of New* York, who offered 1100,208 70 for $100,000 of park improvement bonds. The loan- offered for sale were $100,000 of boulevard and $100,000 of park improvement bonds, both bearing interest at the rate o f 4 jier cent, payable semi-annually, the boulevard bonds maturing Aug. 1, 1933, and the park improvement bonds ma­turing Aug. 15, 1023.

Butli principal and interest will be payable in New York City. These are die last of two series, one of $500.0)0 of boulevard bond, and the other of $400,000 of park improve- m.nt h .ml-, authorised to be issued by acts of the Legislature in May and June of 1889.

Dillon, Mont.—City Clerk Edwin Norris writes the Chron­icle that the water-works bonds to the amount of $45,000 which were offered for saie on July 8 have been awarded to

...d San Francisco, < "ah, at par.One other bid was received, which came from Messrs, Win­ter-, I'ar-on. & Co., of Butte, Mont. Interest on the loan will be payable -< mi-amiually at the rate of 6 per cent per annum, and the bond:- will mature August 1, 1913, with an option of call August 1, 1908.

Etna, Pa.—The citizens of Etna will vote on August 23 on the question of issuing $100,000 of water and light bonds.

( B e n s F a l l s , N . V . - (S t a t e and C i t y S u p p l e m e n t , p a g e 47.)—Bond* of this village to the amount of $80,000, for ex­tending wau-r mains, have been voted by a large majority. The bond* are to run twenty years or more.

Grand R a p i d s . Mich.—( S t a t e a n d C i t y S u p p l e m e n t , page Sri i It i- reported that $100,000 of street improvement bonds recent 11 offered for -ale have been awarded to W. J, Hayes & Son of Boston, Ma~-. The bonds bear interest at the rate of 5 per cent, payable M. & N., and both principal and interest will t»e payable at the office of the City Treasurer.

Gravesend, N. I ,—John Y. McKane, Town Supervisor, will receive projmsal* until July 27 for the purchr.se of $127,000 of 5 per (■■•m local improvement bonds. The loan will be payable M years from the fits' interest day following the date of the bonds,

Green (’entity, Ohio.—(State and City Supplement, page 81.)- Bid* will to received until August 10 by W. R Baker, County Auditor, for the purchase of $50,000 of road improve­ment bond-*.

Guthrie, 0 . T.—Bid* will be received by the Board of Edu­cation of this city for the purchase of $50,000 of 6 tier cent gold bonds. The money will to used in the construction of n* w school buildings, and the loan will become due in twenty year*.

.lent Intown. Pa.—Bryon McCracken, Secretary of the Borough of Jenkintown, notifies the Chronicle that an elec­tion will Ik- told in Jenkintown on August -1, to vote on is­suing $80,000 of bonds to macadamize streets.

l.ao*lng, Mieh.—(State and City Supplement, page 99.)— Bid* will be received until July 24 by Wm, C. Hinman. City Cl-rk, for the purchase of $60*,000 of electric-light and $25,- 000 of bridge bonds. The loans will be dated July 1, 1893, will ln-Tr interest at the rate of 5 per cent, payable Jan. and July : $10,000 of the bridge bonds manuring July 1, 1903, and $15,000 July 1. 1908, and $20,000 of the electric-light bonds maturing every five years from July 1, 1918. toJulv 1, 1923, Both principal and interest will be payable in New York City.

The city’.* total indebtedness, including this issue, is $270,- 000. Its assessed valuation for 1893 is $7,593,349 ; estimated aciual value. $11,500,000; value of properly ow*ned by the city, $607,000. The population in 1893, as per city census just being taken, is 18,850.

15K THE CHRONICLE. [VOL. LVIt,

Manchester, N. H.—(State and City Supplement, pag« 14)—There is a current report to the effect that $i00,000 of 4 per cent bonds and $100,000 of 5 per ceDt bonds of the city of Manchester have been awarded to R. L. Day & Co. of Boston, Mass. One of the above loans is issued for water and the other for improvements, the water bonds being dated August 1, 1893, with interest payable F. & A. and maturing August 1, 1913, and the improvement bonds being dated July 1, 1893, with interest payable J. & J., and maturing January 1, 1913. Interest on both loans will be paid by the Suffolk National Bank, Boston, Mass.

Manden, N. Dak.—The citizens of this place will vote on July 3! on the question of issuing water-works bonds to the amount of $5,000.

Marathon County, WIs.—County Clerk W. J. Gehrke writes the C h r o n ic l e that $12,000 of asylum bonds recently offered for sale were awarded to a local bidder and $58,000 to N. W. Harris & Co., of Chicago, 111. The bonds sold at par. They are dated July 1,1893. and are payable, part yearly, from June 1, 1899 to June 1, 1918. Interest at the rate of 5 per cent will be payable J. & D. at the office of the County Treasurer.

Marshall, Mo.—The people of this place are desirous of issuing bonds for a sewerage system.

Millville, N. J.—City Recorder L. H. Hogate writes the Chronicle that the $20,000 of city bonds recently offered for sale have been awarded to the Millville National Bank. The bonds will be dated August 1, 1893, and will mature at the rate of $1,000 yearly from August 1, 1894, to August 1. 1913. Interest at the rate of 5 per cent will be payable annually at the office of the City Treasurer.

Montgomery Conuty, Ohio.—(State a n d City Supple­ment, page 83),—It is reported that $6,000 of county bri !ge bonds have recently been sold to Z. T, Lewis, of Bellefontaine, Ohio, at par.

Niaeara Falls, N. Y.—(State and City Supplement, page 52).—It is stated that the $130,000 of 4 per cent 20-year bonds, known as series “ C” of sewer bonds, have been sold to Isaac

N. Sherrill, of Poughkeepsie, N. Y. Both principal and inter­est will be payable in gold.

Park Conntr, Mont.—(St a t e a n d C i t y S u p p l e m e n t , page 131.)—Proposals will be received until August 7 by the County Clerk for the purchase of coupon bonds to the amount of $50,000. The bonds will bear interest at the rate of 6 per ceut per annum, payable J. & J., and will become due in 20 years, with privilege of redemption after 15 years.

Paterson, N, J.—(St a t e a n d C i t y S u p p l e m e n t , page 62.)— City Treasurer C. W . Baldwin notifies the C h r o n ic l e that on July 26 the Finance Committee of the Board of Aldermen will open bids for $50,000 of 5 per cent school bonds to be dated August 1, 1893, $25,000 to fall due on August 1, 1908, and $25,000 on August 1, 1909. Bids will also bs receive! un­til the same date for 5 per cent City Hall bonds to the amount of $75,000. The latter loan will be dated April 1, 1893, and $5,000 will mature April 1, 1907, the remainder being payable at the rate of $10,000 yearly thereafter.

On the 28th of April, 1892, when this city offered $125,000 of 5 per cent City Hall boncb, maturing 1895 to 1907, twelve bids were received, the highest being 107 58, and the bonds were sold at that price. The city's advertisem ent, giving fu l l particu lars regarding the sale o f the new bonds, will be fo u n d elsewhere in this D epartm ent.

Philadelphia, P a — (St a t e a n d Ci t y Su p p l e m e n t , page 68)—It is reported that a city loan of $1,000 0O0 has been authorized. Interest on the same must not exceed 4 per cent, and $200,000 of the amount will mature yearly from Decem­ber 31, 1903, to December 31,1922.

Pontiac, 111.—J. A. Hoover, Secretary of the Board of Education of the township and county, writes us that the $30,000 of school bonds recently voted will probably’ be adver­tised for sale soon after August 1. The bonds are to be dated August 1, 1893, will bear iuterest at the rate of 5 per

N E W L O A N S .

P A T E R S O N , N. J.

C I T Y B O N D S F O R S A L E .

Sealed Proposals will be received by the Com m it­tee on Finance o f the B oard o f A lderm en up to 8 o ’c lock P. M., on W ednesday, July 26th, 1898, at R oom 1, City H all, fo r all or any part o f tlie sum o f 150,000, “ School B onds,” dated A u gust 1st, 1898, with 5 per cent interest coupons attached payable semi-annually, and th e principal o f said bonds shall becom e due as fo llow s : Tw enty-five thousand dollars on August 1st, 1908, and §25,000 on A ugust 1st, 1909, and each bond to be o f the denom ­ination o f §1,000 each.

Sealed Proposals will also he received at the same tim e and place fo r all or any part o f the sum o f §75,000 “ N ew City H all Bonds,” said bonds to bear date the first day o f April, 1893, to be o f the denom ­ination o f one thousand dollars each, and to bear and pay interest at the rate o f 5 per cent per annum, payable semi-annually until due.

A n d the principal o f said bond shall becom e due as fo llo w s : F ive thousand dollars th ereo f on the first day o f April, 1907, and ten thousand dollars th ereo f on the first day o f A pril o f each succeeding year.

A ll bids to be accom panied by a certified check payable to the order o f City Treasurer, for 5 per cent o f the am ount o f bonds bid for , all checks returned to unsuccessfu l bidders and credit on account th erefor g iven to successfu l bidder. A ccrued in ­terest to be paid to the citv by purchaser.

T h e bonds will be deliverable on or abou t August 1st, 1893, at the office o f the City Treasurer, Pater­son, N. J.

T h e right is reserved to re ject any or all bids.GEORGE A SH L E Y ,

Chairman.

$75,000.C I T Y OF H U N T IN G T O N , W E S T V IR ­

G IN IA , M U N IC IP A L BO N D S.T h e City o f H untington, W est Virginia, will re­

ce ive bias till noon July 29th fo r the sale o f $75,000 SO year 6 per cent Municipal Bonds. For prospectus, address, J. N. POTTS, etty Clerk.

H untington, W . Va.

N E W L O A N S .

NOTICE.City of Austin, Texas, 5 Per

Cent Bonds.R eferrin g to the advertisem ent o f John M cDonald,

M ayor o f the City o f Austin, Texas, offering fo r eale on or before A u gust 1st, 1893, §450,Ouu o f City o f Austin W afer-W orks & Electric-Light 5 per cent Bonds, w e desire to inform the general pun-ic that notw ithstanding the fa ct that the said City has a contract, which still has many years to run, with the Austin W ater, L ight and Power Company, it has announced that the proceeds o f these bonds will be used iu building opposi'ion water and electric-light works—indicating thereby its intention to annul said existing agreem ent. A s such action is im peril­ling the interests o f the bondholders o f the present water com pany, we, as their representatives, are prepared to institute vigorous legal proceedings in the United States « ircuit. < ourt o f Texas, and at the proper tim e to en join the City o f Austin from pros­ecuting said work. I f necessary we are determ ined to carry our case up to the United States suprem e Court, in view o f this condition o alf ars, we deem it proper to warn ail invest rs and intending pur­chasers o f the litigation which is in store fo r the City o f Austin.

SAM UEL B. H U E Y, Chairman,545 D rexel Building, Phila.

JA M E S B. FR Y,30 East 63d St., New York.

W IL L IA M CH ECK LBY SH AW . Fisher & Shaw, Bankers, Balt.

Bondholders’ Committee.

$450 ,000 .CITY OF AUSTIN

Water-Works and Electric Light 5°/o Gold Bonds.

I hereby offer fo r sale 450 City o f A ustin W ater- W orks & E iectr 'c L ight 5 per cent Bonds o f §i,ooo each. Principal and interest payable in gold coin o f the U nited Stares, at the National City Bank o f the City o f New York. Interest payable quarterly on the first, days o f January, April. July and October o f each year. Said bonds are dated August 1, 1*90 and m ature July 1 ,1930, but are redeem able after June 30,1910.

These bonds have been declared valid in every particular by the Supreme Court o f Texas, the court o f last resort in said State. A copy o f said Bonds, a copy o f the decision o f the Supreme Court sustain­ing their validity, together with any other data d e ­sired, will be furnished upon application to the undersigned.

Bids will be received fo r all or any portion o f these bonds until the 1st day o f August, 1893. The right Is hereby reserved to reject any and all bids

Said bonds are on deposit with the National City Bank o f the City o f New York, and will be delivered to purchasers through that institution.

Bids should be addressed to the undersigned at Austin, Texas.

JOHN MCDONALD,M ayor o f the City o f Austin, Texas.

Investment SecuritiesBOUGHT AND SOLD B Y

A. E H ACHFIELD,7 P I N E S T U B IS T , N K W Y O R K .

N E W L O A N S .

Schenectady Water Loan Bonds for Sale.Cty of Schenectady,) Treasurer’s Office, July 19th, 1893. J

Sealed proposals will be received by the under­signed at nis office, No. 277 S'ate Street, Schenecta­dy, N. Y., until 12 o’clock noon of August 9th, 189& for the purchase of twenty-eight registered > ond« of the < i'y of Schen ctady of $1,000 each, with interest payable semi-annually at the rate of four per cent per annum. These bonds are i-sued by virtue of Chapter 3h0 of the Laws of 1883, andame dments thereto of the Laws of 1889 and 1891, and by a reso­lution of the Common Council of th- City of Schen- ec-ady. passed July 18th. 893, for the purpose of providing means of supplying said oi«y with water, in accordance w th the amended plan of the vvater C- -mmissiom rs of said city, which has been approv d by tb* said C -mmon Council, and are to be dated aiid delivered *t this office on the 15th day of August, 1893. Eight of said bonds are to be payable o • the 15th day of August, lull; ten < n the 15th day of August 1912, a d ten on the 15th day of August, 1913. All of which are to bear inter st a* the rate above stated, payable on the 15th clay of February and August in each year until the principal is due The purchaser will be required, upon be'ng noti­fied of the acceptance of their bid, to deposit ten per cent of the amount of the bonds purchased by them as a guarantee f.r the fulfillment of their contracts of purchase; tr-e residue of the purchase money W'll be required to be naid at the time the bonds are to be delivered as aforesaid.Total bonded indebtedness o f the city — $368,000 00 D educt am ount in Sinking Funds appli­

cable th ere to .................................................... ....16,234 03§352,765 97

Assessed valuation o f real and personal property in the year 1892 (w hich the real is on the basis o f from a half to tw o-thirds o f actual valuation) §9,014,394. H . W . DENNINGTON, City Ireas.

NOTICE OF SALE OFT O N A W A N D A B O N D S .

The Treasurer o f the Village o f Tonawanda, ErieCounty, N. Y.. w ill sell a t th e Council Chamber, on N orth Canal Street, in the V illage o f Tonawanda, N, Y .. on the 31st day o f July, 1893, at tw o o ’clock in theafternoon, one hundred and two bonds o f the V illage o f Tonawanda, aforesaid , each in the average sum o f one thousand dollars, and bearing interest at th erate o f six per cent per annum, to the highest b id ­der. Sealed proposals will be rece 'ved fo r ib e pur­chase o f said bonds on or be fore the day o f sale. No bids fo r the purchase o f bonds fo r less than par and accruet interest will be received or conaiiered . The said bonds will be dated August i, 18u3, and will be paya le, 10 o f them in each o f the years l*-w4, 1895, 18x6, 1*97, 1898, 18 4), 1900 1901, and 1 1 .if them in the years 1902 and 1903, on he first day o f July in e+ch year hereafter tor 10 years. Sa*d honds a r -a is­sued to secure m oney to pay for im proving certain portions o f Delaware, North and South Canal Streets w ithin i he Village o f Tonawanda. pursuant to an act passed by the Legislature o f the state o f New ork m 1892, entitled “ A n A ct authorizing the Village o f Tonawanda. Erie < ounty. N. Y., 1 o take lands neces­sary, and to lay <>ut and improve, or alter and im ­prove public parks, grounds, 8'reets, lanes, alleys and public places therein .” The said Treasurer reserves the right to re ject any and all bids w nich m a y b e m ade at said sale.

LOUIS GRUEN.Dated, July 12, 1893. V illage Treasurer.

July 22, 1893.1 THE CHRONICLE. 157cent per annum, and will mature at the rate of $3,000 yearly from August 1, 1S98, to August 1, 1907.

Quiinah, Texas.—Water-works bonds of this place to the amount of $10,000 are being considered by the Council.

Rochester, N. T .-j State and City Supplement, page 53.)__Samuel B. Williams, City Tr -usurer, writes the Chroniclein reference to $150,000 of bridge bonds which were offered for sale on July 12, that at that time no bids were received. An offer to take the bonds at 4 per cent interest (it being re­quired that the rate of interest which the bonds s h a l l bear be stated in each proposal) bas since been received, but h a s not been accepted, lhe loan will become due in 80 years, with an option of call after 20 years. Interest on the bonds will be payable F. & A., and both principal and interest will be paid by" the Union Trust Company, New York,

San Diego, Calif.—(State and City Supplement, page 144).—Mr. J. T. Dowell, City Treasurer, writes the C h r o n i c l e that no bids were received for the $380,000 of 20-year refund­ing bonds offered for sale on July 5. The bonds are dated January 1, 1893. and bear interest at the rate of 4 % per cent, payable annually at the office of the City Treasurer. The total debt of the'city is $437,000, of which $380,000 is to be re­funded. The assessed valuation for 1892 was $15,393,378.

Saranac Lake, V ¥.—Water-works bonds of this place to the amount of $28,000 have been voted.

St. JuharrlUe, BL ¥.—Bids will be receive! until July 27 for the purchase of $25,000 of water-works bonds recently I voted.

Schenectady, N. ¥.—(State a n d City Supplement, page 54.)—H. W . Dennington, City Treasurer, will receive bids until August 9 for the purchase of registered water bonds of the city of Schenectady to the amount of $28,000. The bonds will bear interest at the rate of 4 per cent per annum, pay­able F. & A., and $8,000 of the amount will become due on August 15, 1911, and $10,000 in each year on August 15, 1912 and 1913, The city’s total bonded indebtedness at present is ■ $308,000; sinking fund, $15,234 ; net bonded debt, $352,766.

Assessed valuation of property in 1892 (real estate being assessed on a basis of from one-half to two-thirds of actual value) was $9,014,394.

F o r f u r t h e r p a r t i c u l a r s c o n c e r n i n g t h e a b o v e l o a n s e e a d ­

v e r t i s e m e n t i n t h i s D e p a r t m e n t .

Sheridan, Wyo.—Town Treasurer F. V. Sommers writes the C h r o n i c l e that the election held on July 11 to vote o n bonding the town for $75,000 to put in a System of water­works resulted in favor of the proposition by a vote of 217 to 36. The City Council will advertise the bonds for sale at once. They will run 30 years and bear interest at the rate of 6 per cent per annum, as required by the State law.

South Amboy, X. 1 —Water-works bonds to the amount of $30,000 are being talked of.

Springfield, Miun.—Bids will be received by the Council of this village until August 1 for the purchase of bonds to the amount of $11,000.

Sumner, Wash.—Mr. T. B. Dan, City Treasurer, writes us that an election which took place in Sumner on July 3 to vote on issuing $17,000 of water-works bonds was carried, and that the bonds will soon be offered for sale. The loan will bear interest at the rate of 7 per cent and will run twenty years.

Tacoma, Wash.—An election which took place In Tacoma on July 10 resulted in favor of issuing $60,000 of school bonds,

Tonavranda, X. ¥.—(State and City Supplement, page 55)—Village Treasurer Louis Gruen will receive bids until July 3ist for 6 per cent street-improvement bonds to the amount of $102,000. The loan will be dated August 1, 1893, and will mature at the rate of $10,000 yearly from July 1 ,1894, to July 1, 1801, inclusive; $11,000 will be payable in 1902 and the same amount in 1903. The bonds are issued under an act authorizing the Village of Tonawanda to take lands necessary and to lay out, improve or alter public parks, grounds, streets, lams, alleys and public places therein. The proceeds of this loan will be used to pay for improving certain portions of

F I N A N C I A L .

G O L D B O N D S .P rovidence, it . I ., . . • . 4»St. LouU , M o., . . . . . I* D uluth, Mini*., . . . . . Ik * <ire«t F a ll,, S o n . , . . . . <t»Santa Barbara, Cal,, . . . . * » CTallam Co., . . . . <1»Salt Lake City Street U y., , . «*M etropolitan Street I t ) . , Deliver, 8» The above ere payable riiwtud and latereat to

W ru* for fail denerlptlon and price to

F I N A N C I A L .

I N V E S T M E N T B O N D S

r o l l S A L E .

L IS T S UN A P P L IC A T IO N ,

t f m f e m i of th e H e w Y o r k a n d B o o t e e

t itee li E x ch a n g e # *

E . H . R o l l i n s & S o n s ,N e w Y o r k C l i y , H o n to n , V i a . . , ,3 3 W a l t s t r e e t . d l f l K i e k . n t e f la t d in * .

D E A H ra a in

C O M M E R C I A L P A P E R .C I T Y OF ST . L O U I S

Gold 4s, Due 1918.H o n d a H a ted o n N e w Y o r k S l o c k E x c b a n t e . j

L o c a l l o v e a t m e a t f o r S a v i n * , B a n k a n n d T r a a le e a In N e w Y o r k S t a t e .

B la k e B r o t h e r s & C o . ,»8 STATE STREET, BOSTON.

t NASSAU STREET, NEW YORK.

F a r s o n , L e a c h & C o . ,J W A I* I* S T R E E T .

Id#te o f Investm ent Ronds Mailed on Application.

W . J . H a y e s & S o n s ,B A N K E R S ,

Dealers in MUNICIPAL BONDS.ffereet Railway Bond* and other high grade in* enetmenti.

311.3,3 H .H rl.rn i.^ , 0 Wall Sind , 7 r.xebnnse Plocej^ ^ »IT York. j

Cabin Addieaa - KENNETH.

'F IH IIE H A S H A W ,

B A N K E R S ,

Itf emftNB?# B a lt im o r e S t o c k E xch a n ge .

B A L T I U O H E , ,7 1 0 ,

E d w a r d M o r t o n & C o . ,

53 Broadway, New York.S p e e l i t i l l r a s

m v u i p a l ,S T R E E T R A I L W A Y B O N D S andB A N K S T O C K S .

M UN IC IPAL S E C U R I T I E So p

P I T T S B L K O A N D V I C I N I T YO en lt In br

J a s . C a r o t h e r s ,90 FOURTH AYE,, PITTSBURG, PA.

_______ F I N A N C I A L .

C H O I C E I N V E S T M E N T SIN

S t r e e t R a i l r o a d a n d M u n i c i p a l B o n d s .PRICES TO SUIT THE TWIB3.

Corrreapondance lurked.

L a m p r e c h t B r o s . & C o . ,

IS WALL ST., NEW YORK. CLEVELAND. BOSTON.

TIIE

L e w i s I n v e s t m e n t C o . ,D E B M 0 X N K 8 , I O W A .

Ca p i t a l Pa id u p , - tiso.ooo.C h o ic e I n v e s tm e n ts In th e m o s t C o n s e r v a ­

t iv e F i e l d In Che W e s t '

O I Y D C D f t C I J T Guaranteed First M ort- Q I A l b II U t i l I gages on Improved lands la low * and Eastern Nebraska, gate and Desirable

F i f t e e n If e a rs* B u cc e s a fu l E x p e r ie n c e . S e n d f o r P a m p h le t .

W. A. HOTCHKISS, GEO. H. LEWIS,S#er*tn?j. PrMldnnt.

G e o . M . H u s t o n & C o .BOND AND S T O C K DE A L E R S

form*Uiiii concemln# any Wentern se­curity without ohurije. Monthly quo­tation circular mailed to all oupllraiuia,Nbw tuu«* o f municipal bonds wanted.

SOS PINE STREET, ST. LOUIS, MO.

H a c k e t t & H o f f , *REAL ESTATE AND INVESTMENTS,

0 6 M i c h i g a n M i l w a u k e e , W I s ,f ir s t Mortgages on Im proved Milwaukee Real

Estate, bearing six and seven per cent interest always on hand. No charge to the investor for co l­lecting interest or looking a fter taxes and fire Insur­ance. A bsolute security.

168 THE CHRONICLE. [vol. lvii.Delaware, North and South Canal streets. About a year ago the adjoining village of North Tonawanda sold $20,000 of 4 per cent 7-16 year sewer bonds at 103 and accrued interest. The same securities, if offered at present, would scarcely bring so high a price, and it will be interesting to see what bid is made for Tonawanda’s 6s. A n advertisem ent elsewhere in this D epartm ent gives fu ll particu la rs o f the sale.

Trigg County, Ky.—An election will be held in this county to vote on the issuance of $15,000 of court house bonds.

Warre», Ohio.—City Clerk Albert E. Andrews will receive bids until August 2 for the purchase of $36,500 of avenue and street improvement bonds. The bonds will bear interest at the rate of 5 per cent per annum, payable March and Septem­ber, and noth principal and interest will be payable at the City Treasurer’s office. Six thousand five hundred dollars of the amount will become due on September 1, 1894; $7,000 each year on September 1, 1895. 1896 and 1897, and $9,000 on Sep­tember 1, 1898. They will be sold to the highest bidder and for not hss than their par value. These bonds were previously advertised for sale on June 28 but were not then disposed of.

Washburn, Wis.—The citizens of this place have voted to issue $50,000 of bonds for a State normal school.

Williamsbridge, N. Y.-Robert Wallace, Village Clerk, writes the Chronicle that $30,000 of 4 per cent highway im­provement bonds have not as yet been sold. The bonds will become due at the rate of $1,000 yearly, from 1908 to 1937, and both principal and interest of the loan will be provided for in the annual tax levies.

The total bonded indebtedness of the village is $42,000 and its assessed valuation in 1892 was $1,344,580.

Wilmington, Del.—(State and City Supplement, page 72.)—Proposals will be received until July 24 at the office of Joseph K. Adams, City Treasurer, for the purchase of the $117,500 sinning fund loan. The bonds will bear interest at the rate of per cent per annum, payable A. & O., and $5,550 of the amount will mature on October 1, 1906, $21,600 on April 1, 1907, $22,300 on October 1, 1907, $22,900 on April 1, 1908, $23,650 on October 1, 1908 and $21,500 on April 1,

1909. The bonds will be issued to refund loans 21 and 22, to the amount of $117,500, which become due and payable on August 1, 1893.

Youngstown, Ohio.—(State and City Supplement, page 85.)—It is reported that the people of Youngstown are desir­ous of issuing $350,000 of water-worlS bonds for a supply from Mill Creek.

STATE AND CITY DEBT CHANGES.We subjoin reports as to municipal debts received since the

last publication of our State and City Supplement, Some of these reports are wholly new and others cover items of information additional to those given in the Supplement, and of interest to investors.

Missouri—Hannibal.—(State and City Supplement, page 113).—W. F. Chamberlain, Mayor. The following corrected statement of the financial condition of Hannibal has been received from A. SchinenaD, City Auditor.

Hannibal is situated in Marion County.LOANS— When Due.

E l e c t r ic L ig h t - 65. April, $ 1 3 .0 0 0 ....Apr. 15, 1894 ($1,000 due y ’rly) to Apr. 15, 19065 s , ......... $20,000..........................1912

Subject to call after 1897. F e n d in g B o n d s —

..s, $15,000 ................ April 1, 1913Subject to call after April 1 ,1898 .

S e w e r B o n d s—5s, MAS, $19,000.........Mar. 1, 1910

Subject to call after Mar. 1, 1895 Interest is payable at Hannibal.

Total debt June 1 ,1 8 9 3 .. $76,100Sinking fund........................ 6,085Net debt June 1, 1 8 9 3 ... 70,015Tax valuation 1893 ..........3 ,500,000State tax (per $ 1 ,0 0 0 )... 3 00County tax (per $1,000). 3 00City tax (per $1,000)___ 7 -50Average school tax .......... 8 00Population in 1890 was. 12,857 Population in 1880 was. 11,074

H a n n ib a l Sc h o o l D is t r ic t —6s, $20 ,000 ....................................18956s, $20 ,000 ....................................1900

Missouri—St. Louis.—(State and City Supplement, page 115.)—C. P. Walbridge, Mayor. We give below a statement of the financial condition of St. Louis, which has been cor­rected to April 10, 1893, by means of a special report from Fred. Gabel, First Assistant Comptroller.

C H I C A G O . C H I C A G O . C H I C A G O .

Geo. A . Lewis & C o.,B A N K E R S ,

1 3 2 Li A S A L L E S T R E E T , C H I C A G O .

W e m ake a specialty of

MUNICIPAL BONDSNetting the Investor 4 to 6 P er Cent per

annum.

L ist o f Securities m ailed upon application.

CORRESPONDENCE IN V ITE D .

. . Br i i b b , M em ber New Y ork Stock E xchangeD . M. Cu m m in g s . M em ber Chicago Stock Exchange

Breese & Cummings,B A N K E R S AND B R O K E R S ,

111 AND 113 in ON ROE STR E E T,CHICAGO

T Securities listed in New York, B oston or Chicago carried on conservative margins.

A. O. SL A U G H TE R , M em ber N. Y. Stock Exchange W M . Y . B A K E R , M em ber Chicago Stook Exchange

A , O . Slaughter & C o .,BAN K ER S,

1 1 1 - 1 1 3 JLA S A L L E S T R E E T ,C H IC A G O , IL L S .

Ukiaaco S ecurities Bought and Sold.

Loeb & Gatzert,M O R T G A G E B A N K E R S

125 LA SALLE STR E E T, CHICAGO.First Mortgages for sale in large and small amounts, netting investors 6, b}£ and 6 ber cent, secured by Improved and income-bearing Chicago city property. Principal und Interest payable In G old.

CORRESPONDENCE SOLICITED.

Fred. G. Frank & Bro.,LO CA L SECU RITIES A SP E C IA LT Y.

99 W A SH IN G TO N S T R E E T , C H IC A G O . Correspondence Invited.

Title Guarantee & Trust Company

O F C H I C A G O ,92, 94 <fc 96 W ASH INGTON S T R E E T .

C ap ital, paid-up...........................91*600,000Undivided earnings, Including

su rp lu s......................................... 239,000Deposited w ith State Auditor. . 200,000

G U A R A N T E E S TIT LES TO R E A L E 8T A T E .M A K E S AB ST R A C TS OF T IT L E .

Offers Investors In rea l estate securities protection afforded by no other system of doing business.

Is authorized by law to act as Registrar o f Stocks and Bonds, E xecutor, R eceiver and Trustee for Estates. Syndicates, Individuals and Corporations.

Trust m oneys and trust securities kept separate from the assets o f the Company.

CORRESPON DENCE SO L IC IT E D .

OFFICERS:G W Y N N G A R N E TT, President.

A . H . 8 ELLERS, Vice-President. A R C H IB A L D A . ST E W A R T , Secretary.

CHAS. R. L A R R A B E E , Treasurer. F R A N K H . SELLERS, Trust Officer.

DIRECTORS:Gwynn Garnett, Chas. W . Drew,W . D . K erfoot, John P . W ilson,H orace G. Chase, Edson Keith,John G. Shortall, Geo. M. Bogue.John D eK oveu, A . H . Sellers.

8amuel B. Chase,COUNSEL:

W . C. G oudy, John P. W ilson,A . W . Green, A . M. Pence,

MANAGER WANTED.We wish to contract with a good, live man te

represent us in each large town and city in the United States. To such we can offer a perm­anent, paying and legitimate business.

Our Company is in the line of Building Loan Associations, with the best features and with out the risks and expenses of such. We fed confident that we can afford the best and safest investments in this line ever offered. Write and see.

C h i c a g o C o - o p e r a t i v e C o n s t r u c t i o n C o .

Room s 616-618 Rialto Building, CHICAGO, IL L .

TheEquitableT rustCompany

185 D EARBO RN S T * , CHICAGO.

CAPITAL, PAID U P ,---------- $500,000SURPLUS, - ---------- --------- 50,000

A U T H O R IZE D B Y L A W TO R E C E IV E and e x ­ecute trusts o f every character from courts, corpora­tions and individuals. Takes entire charge o f estates, real and personal. A cts as agent fo r the registra­tion and transfer o f bonds and stocks and th e pay­m ent o f coupons, interest and dividends. A legal depository fo r court and trust funds.

IN TER EST A L L O W E D ON D EPO SITS o f m oney, w hich m ay be m ade at anytim e and withdraw n a fter five days’ notice, or at a fixed date.

TR U S T FUNDS A N D TR U ST INVESTM EN TS are kept .separate and apart from the assets o f th e com pany.

D IR EC TO RS:A Z E L F. H A T C H , CH AS. H . H U LBU RD ,M. W . K E RW IN , GEO. N. CU LVER,H A R R Y RUBENS, M AU RIC E ROSENFELD.J. R . W A L SH , SA M U E L D . W A RD,

OTTO YOUNG.

O FFIC ERS:J. R. W A L SH , President.

CH AS. H . H U LBU RD , V ice-President.SA M U E L D. W A R D , Treasurer.

L Y M A N A . W A L T O N , Secretary

Illinois Trust & Savings Bank.

C H IC A G O , IL L .C A P IT A L AND S U R P L U S , - 93,509,000

INTEREST ALLOW ED ON DEPOSITS. This Bank Is directly under the jurisdiction and

supervision o f the State o f Illinois, is a L E G A L D EPO SITO RY for Court M oneys, and is authorized lg „ ' t as TRU STE E, EXECUTOR, R E C E IV E R and A8SIGN KE fo r ESTATES, IN D IV ID U A LS and CORPORATIONS.

OFFJCER8:John J . M itchell, President.

John B. Drake, Vice-President.W m . H . M itchell, Second V ice-Presldem ,

W m . H . Reid, Third V ice-Presiden James 8 Gibbs, Cash’r . B . M . Chattel!, A ss’t Cash’

DIRECTO RSJohn McCaffery, John B. Drake'L . Z. Letter. W m . H .R eld ,W m . H . M itchell, J o h n J . M ltoheW m . G. Hibbard, J. C. McMullin,tD. B.lShipman, J. Ogden A rm our

Frederick T . H askell.

July 23, 1893.] THE CHRONICLE. 159The city and county were merged in 1877, the city assum­

ing the county's debt. The city has no floating debt.LOANS.— Out. 4s, FA A, £020,000*.... Feb. 2 . 1905

Subject to ca ll a fter Feb. 2 , 1895 4s. A AO, 1 ,559,000*.. A p r.1 0 ,1908 4s, M A X, £ 5 1 3 ,7 0 0 !.N ov. 2 ,1 9 1 1 4, M A X, $1,155 ,000*JSov. 1 ,1 9 1 2 Is, J x J . 1 ,985,000*..J u ly 1. 1918 3-65sJA D , 2,S44,100*Ju 'e 25,1907 5-508, FdLA,275 ,000*— 4 ug. 1,1919 3-50*, JA-D, 12 ,000*.. .J ’ ue 2,1920

Sb w b r b :1. 1894 1, 1895

Ca KOSDB!.KT IVOEBTKl.XKSs :6s, M A X , $55,000* . M ay 1, 1895

F ir e D e c a k t m e s t :6s, M A X ,$100,000*..M ay 1, 1S95

F u u t i w D eb t :6s, M A X, $900,000*. J u ly 1 ,1 8 9 4

Gas Co . J id g m e n t :4 b, J A » , $850,000*.. June 1 , 1905

H ou se o f R efu ge :6s, M AX. $50,000* X ov . 1 7 ,1 8 9 5 I 6s, M&S. $ 6 .0 0 0 ....M ar.

PCHCHASEBl o c k 7 AND 1 2 1 : j 6s, M A X , 130.000*...M ay6s, JA J . $ 45 ,00 0 .. ...Ju ly 21 , 1893 T o w e r Gr o v e P a r k : 6s, AAO , 3 4 5 ,0 0 0 .,.. A pr. 10, 1906 ; 6s, FA A, $340 ,000 ... Aug.

R e n e w a l s ; j Wa t e r w o r k s ;6s, M AX, $1,074,000*.X ov . 1, 1993 6s, M A X, 372.000*...July l , 1991 6s, M A X ,37*2,000*..-M ay 1, 1595 6 * ,J A D , 593,000*„ Jane 1, 1999 6s, JA J , 673 ,000*.-Jutt, 1 ,1 8 9 9 5» ,J A J . 476,000*...Jttn, 1, 1900 4s. M A X. 203,000*.. May 3, 1002

Subject to call a fter May 3, 1892 Is . JA J, 90,000* ...J u ly 2, 1903

Subject to call a fter July 2, 1893

1, 1898

6s, M A X . *800 ,000*Ju ly 1 ,1 8 9 4 ! ST, LOUIS COUXTT BO.VDS

ASSUMED,G e n e r a l P u r p o s e s ;

0», M A X, $500 ,000 . May 1, 1895 P ar k FintroBBS:

6s, A AO,$1 ,900 ,000 . A pr. 1, 1903 I R e S8 avals:6s, JA J, 300 ,000— Jaa . 1, 1894

t$100,000y early jtoJan . 1, 1896

t F or particulars con cern in g this Issue o f 4 per cent renew al bond3 and rem arks on St. Louis’ s deb t condition see V. 53, p. 853.

G O L D B O N D S .—A ll the c ity 's bond* are payable, principal and Interest, in gold , excep t the $ 43 ,000 8# issued fo r purchase o f Block 7, and the $ 243 ,000 6s issued for purchase o f B lock 121. Item s m arked * and t are payable, principal and interest, in V. 8. gold dollars or t sterling.

IN T E R E S T —W H E R E P A Y A B L E .—Interest on a ll bonds is payable In X eir Y ork City—o n the T ow er G rove Park 6s, and on the Purchase o f B lo c k s ? and 121 6*. at the Xational Bank o f the R epublic; on all other Issues at th* Xational Bank o f Com m erce. Interest on the bond* m arked * Is payable at the N ational Bank o f C om m erce, X . Y ., or at the office o f J, 8. Morgan A Co,. London , at the option o f the h older: on the bonds m arked t in .£ sterling at the X ational Bank o f Scotland (L im ited), L ondon , o r tn Lusted States go ld dollars at the ra te o f $4-8665 fo r the poun d sterling at the X ational Bank o f C om m erce, X ew Y ork , at the option o f the bolder.

T O T A L D E B T , SIN K IN G F U N D S, Et c , - T he subjoined statem ent

shows St. L ou is ’ s to ta l m unicipa l debt and the w ater debt, included tn the total, on A p ril 1 0 ,1 8 9 3 , on A pril 11, 1892, and on A p ril 1 3 ,1891 ,

1S93. 1892. 1891.A p ril 10. A p ril 11. A pril 13.

T otal funded d ebt.................$21 ,376 ,021 $21 ,524 ,680 $21,672 874Water debt tn e l.la tot. debt, 5 ,308,000 5,308,000 5,808,000

CITY PROPERTY,—The c ity ow n s Its w ater w orks the astlm ated revenue from w hich fo r w ater rates, perm its, etc., fo r the fiscal year1893-94 is $1,275,000; operatin g expenses and costs o f co llectin g w ater rates, $432,540, F or the yea r 1892-93 the revenue w as $1,235 ,933 ; net operating expenses and costs o f co llectin g w ater rates, $416,824, In addition to the w ater w orks the c ity ow ns its hospitals, Insane asy­lum s and p oor house, c ity hall, cou rt house, ja il, house o f correction aud w ork house, engine houses, m arkets, p o lice stations, parks, etc.

A SS E S S E D V A L U A T IO N .—The oit-y’ s assessed va lu a tion (about

Bonded, Debt,

in April. $21,376,021

21.524,680 21,672,87421,873,100 21,9*26,10022.942.000 *2*2,507,00022.604.000

P O P U L A T IO N .— tn 1890 p opu la tion w as 4 51 ,77 0 ; in 1880 It w as 350,518; in 1870 it was 310,364.

North Carolina—Wilson.—The following statement con­c e r n in g th e tin anc es of t h e c i t y of W ils o n h a s b e e n r e c e iv e d f r o m G e o r g e D . G r e e n , Mayor. No r e p o r t f r o m th is c i t y a p ­p e a re d in o u r la s t S u p p l e m e n t .

W ils o n is in W i ls o n C o u n t y .L O A N S— Due,

■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■City I $1 ,000)............... 4*00'’.M !.i59:s., 87 4,500 i Average school tax............. 1*50

Water debt tlnalnded).,. eo.ooo >■ **.••!> :t, issio was... 13.64$T in valuation 1 89 1 ......... 2 ,130,277 | P opulation in 1.880 w a s___ 16,064

Prop* rty 1* assessed at not m ore than tw o-thirds o f its actual value. IN T E R E S T 1* payable at the C hem ical X a tion a l Bank, X ew Y ork .

3-5 cash va lue) aud ta x n am ed ; Meal Estate

and Personal

ra te h a re b een as fo llow s

—Oily lax per $1 ,000— , Xew Xew limit Old

Tears. I'roperty. Limits. Increased X » n Us1393.......1892.......

..$ 2 8 4 ,2 6 0 ,7 9 0 $10 20 $13 80 $13 80280 ,474 ,550 10 00 14 00 14 00

1891....... . . 232,031,820 11 00 15 00 15 001390....... . . 245 ,834,850 9 00 15 00 15 001889........ .. 227,638,360 9 00 14 00 15 001386 ........ 5 00 10 00 17 501884 ....... 5 00 17 501379........ .. 165,263,970 5 00 . . . . . . 17 50

State la x (per $1 ,000 )............$2*80Conntv ta x (per $1 ,0 00 )....... 1*70

M I S C E L L A N E O U S .

U n i o n M u t u a l

L i f e I n s u r a n c e C o m p a n yP O R T L A N D , M A IN E .

LYCdKPORiTKB 1 MB. i o i ix ML DiW tTT.I’rm.

F ort > -i I* ib*wM* Hug-**?#® $m its# fes-ytsm# of Lift- l**»ttr*»c* Darin# It b*« I*««nNI mtrtm thmn O u »•II ft 8 d.red T liflflM iail P e l k l m , ihpgffrsilBg ia

tfiiua T w o fta tta r rd .if iliia n o o f I.J©tf».r*. It. hm paid in it * Feuey »*>dtteett i 'Tw#?nt U*«l* at***! aha If mf fl’ojjftr**. TV* «?*jr itAteaft-Tlilrf y«t*»ir«e m v f la for*;#qbuO !>* IP***i» It Um* Annum! I uxixj® of thmn fit*© M il l io n D o lla r * HUMS It pwmz-m* In mfmly A w t * an laud f«»r tbt$H?uriir of it* P<< tej tiofaMBf*, r+pr^vniing ®yrs thmn mix yemir»* Inc«a»«*.

N o r t h B r i t is h& M e r c a n t i l e I n s C o

orLONDON A S D E D IN B lia O B ,SAM. P. BLAGM2N, Manager,WM. A, FRANCIS, Assistant Manage, W. R. ECKEB, A amis la nt Gen, Agem H. M. JACKSON, Secret*

U, 8 . B R A N C H O F C E ,

No. 54 W IL L IA M S T .. N t

M O R T G A G E L O A N S

T E X A S .• P e r C ent rn.nA 1 P er C ent Hist*

It© GhrnmmI t w n v i r m leihierasttl temtm h&m ptwnm p»odU

ritjUVCIS SM ITH 4k CO.,B AX A X T O X IO , T E X A B .

A . G . B e c k e r ,€»!4 TO

HERMAN S C H A F F N E R * C O . ,

CO M M ERC IAL PAPER,100 Washington Stm t, Chicago, III

P A C I F I C C O A S T .

M e r c h a n t s N a t i o n a l B a n ko r b k a t t l e , w a k h is o t o n .

TOUTED STATK8 B1P081TARY *Jurn» M*ek*rtt*s, Ptm . < Jbo. B. A*«n, Vles-Pre*.

Whj T. Wtckintt*. Cuahter. t 'a p l ln l . •*400 ,000 i **urj>l»*. « t c „ * 4 0 ,0 0 0

! * l , t - r . i - l r . r l a a f 'v r t lf lcm lc . o f 0 c p e . i t SvBtrtar mMtgfcw facilitiesOKHRMam goUcited

T a c o m a N a t i o n a l B a n k ,P i n t National Bank in the City,

T A C O M A , W A S H IN G T O N ........................*200,000P a .i4 .a r O a r t tn l........

* a r , l > . ...........................................................* 1 0 0 , 0 0 0: W* B. Bimuwm, Ptmt. E 0 , FUhbar.fc, GMhlir* j John I. at. Ileilig. A m t. C m h im| €#e»er«.l Snaking Bumlmtm* Tmaatetsd.

Special Ai$#RKl«a fo €#ltee*l©»».

SAN FRANCI8CO.

T h e F i r s t N a t i o n a l B a n kO F SAN FR A N C ISC O , C A L

EXITED BTATK8 DEPOSITABY.! PA P IT A I . . . . * 1 ,3 0 0 .0 6 0

3 C K P L C B , . . . *X 3 O ,0 O «; a. Mrarer. .Fniumt. s. n. momax, Oaltta ; t i n M o r r m . v^Pra*. O .W .E l o i e Am LCm Ii.

t i x x s . i t A 1, B A X M IX G BCBIH BH K. i t i A D I W B O M G IT k P ,

M I S C E L L A N E O U S .

1S50. 1893.

T h e U n i t e d S t a t e s L i f e

I n s u r a n c e C o .IN T H E C I T Y O F N E W Y O R K .

IOFFICERS.

! G E O R G E B , B C R P O R O , P res id en t.| CLP- FRA LEIGH................................. ........Secretary.I A* WHEEL W RIGH T.. . . . . . . . . . . Assistant Secretaryl VOLT. STANUEiN. . ........... .......... . . . . . . . Actuaryj ARTHUR C. P E R R Y .................. ..Cashierj JOHN P. MUNN..............................Medical Director

FINANCE COMMITTEE.GBO. G. W ILLIAM S-...........Pres. Chem. Nat. Bank

i JULIUS CATLIN....................................... Dry GoodsS JOHN J. TUCKER.................... .....Builder! H EL PERKINS* Jm, Pro#. Imp. & Traders’ Nat. BTc. i The two most popular plans o f LIFE IKSURANGB

are the OONTINCABLE TERM POLICY whleh | girea m the in*ored the *rr«aatft.«t possible amount o f

indemnity tn the event o f deatk. at the lowest posai- : ble present -atlay; and the GUARANTEED

INCOME POLICY which embraces every valuable i fmixarmot investment insurance, and which la the

in accordance with the terms and conditions of thesei policies.

Good Agents desiring to represent the Company, are Invited to address J . n, G A F F N E Y * Super­intendent o f Agencies, at Home office.

V l e r c h a n t s N a t i o n a l B a n kTA6051A, WAXHIXCJTOX.

(OLDEST BASK IX THE CITY.)in t e r e s t P a id o n T im e D e p o s its .

......................................... ........... * 3 * 0 ,0 0 0p o d lv id e d P r « « « . ...... SIOO.OOS

j M lle ite d . O o ilo e tio M « ,p® ci«ltT ,

W M . F R A N K L I N H A L L

BOOKS A C C O U N T A N T a u d i t e d

New forms designed for books o f account. HeMlarmit of Imotvmt Estates.

•418 Exchange Building, 63 State Street, Boston

S E C U R E B A N K V A U L T S .

gSTABUSHSTO 1666E u g e n e B . C o l e ,

St a t io n e h a n d p r i n t e d .touppiStm ts*nm, B«.nk«r», 8W5» Broker* »ua Con

, ! » • '- . . « * u i . w K . r i t i . a t s u o f A o e o u n t B o e k i

' n y a « ^ ; a » r a j orvaniOn* will bare then ir4»r» fnampUi erecoted.,

N o. 1 W I I X I A W S T R E E T ,1IANOYBB SOP ABB.)

G E N U I N EWELDED CHROME STEEL AND IRON

Cannot b® Sawed, Cut. or drilled, and positively Burglar-* Proof.

CHROME STEEL WORKS,Sol® Man’f ’ers in th® V. 8. JB ItO O liC Y N , N . Y*

X THE CHRONICLE. | Vol. LVII,

( f i o t t o n .

W O O D W A R D& S T IL L M A N ,

M E R C H A N T.S,

16 to 22 WILLIAM STREET,N E W Y O R K .

COTTON OF AI,L GRADES SUITABLE TOw a n t s o f A m e r i c a n s p i n n e r s .

L e h m a n , St e r n & Co., Lim ited, New Orleans, La. L e h m a n -D u r r Co ., M ontgom ery, Ala.

L E H M A N B R O S . ,C O M M ISSIO N M E R C H A N T S ,

No. 40 Exchange Place,N E W Y O R K .

MEMBERS OF THE STOCK, COTTON, COF­FEE AND PRODUCE EXCHANGES,

Ne w Y o rk .

Orders executed on the above Exchanges as well as In New Orleans, Chicago and fore ign markets.

Hubbard, Price & C o .,COTTON EXC H A N G E BU ILD ING ,

NEW Y O R K .General Commission Merchants.

Members New Y ork Stock Exchange, N ew Y ork C otton Exchange, New York Produ ce Exchange, New Y ork Coffee Exchange, Chicago Board o f Trade.

Orders executed on any o f the above E x ;hanges, a lso fo r purchase and sale o f co tton lo r future de­livery in New Orleans and L iverpool. Liberal ad­vances m ade on cotton consignm ents.

P R I C E , R E I D dt. C O .,Norfolk, Va.

P R IC E , R E ID <& A D A M S, Lim ited, C harleston, 8. C.

Special attention given to orders fo r cotton fo r fore ign or dom estic shipment.

Hopkins, Dwight & C o .,COTTON, COTTONSEED O IL

ANDSOU TH ERN PROD U CE

C O M M I S S I O N ME It C H A N T S ,Room 52, Cotton E xchage B uilding,

N E W Y O R K .Guetavus O. H opkins, Lucius H opkins Smith. Charles D. Miller, Samuel H opkins.

Crenshaw & Wisner,1 6 & IS E x c h a n g e P la c e , N e w Y o r k ,

COM M ISSIO N M E R C H A N T S .M em bers o f th e Cotton, Coffee and P rodu ce E x ch ’s.

AG EN CY OF

THE H A X ALL CRENSHAW CO.,RICHM OND, V A .

Standard Brands o f F lour fo r Shipment to W arm Climates always on hand.

SULPHUR MINES COMPANY,OF V IR G IN IA .

H igh-G rade Pyrites, free from Arsenic.

J. Spencer Turner,SUCCESSOR TO

B riiick cr lio fl, T u rn er & Co.,M A N U FA C TU R E R AN D D E A L E R IN

COTTON SAIL DUCKAND ALL KINDS OP

UOTTON CA N V A S FELTIN G DUCK,C A R COVERING BAGGING,

R A V E N S DUCK, SA IL T W IN E , Ac.,PO PE "A W N IN G ” STRIPES.

AgentUNITED S T A T E S BUN TING CO.

A fu ll supply, all W id th . and Colors, alwaya In .took .

N o. 1 0 9 D u a n e S tree t .

C u lt m * .

I N M A N , S W A N N & Co

COTTON MERCHANTS,

K ew Y o r k .

Henry Hentz & C o.,C O M M I S S I O N M E R C H A N T S ,

16 t o 2 2 W illiam S tree t , N e w Y o r k .HXHCUTB ORDERS FOR FUTURB DELIVERY

C O T T O Nat the NEW YORK, LIVERPOOL AND NEW OR­

LEANS COTTON EXCHANGES. Also orders for

C O F F E Eat the NEW YORK COFFEE EXCHANGE, and

G R A IN A N D P R O V IS IO N Sat the NEW YORK PRODUCE EXCHANGE and

the CHICAGO BOARD OF TRADE.

J. O. B lobs. Geo . H . Ch u r c h , Special

J. O . BLOSS & C O .,C O T T O N M E R C H A N T S ,

2 2 W i l l i a m S t r e e t ,N E W Y O R K .

W. D. Rountree. Albert L. Rountree

W . D . Rountree & C o .,COMMISSION M ERCHANTS,

COTTON E X C H A N G E B U IL D IN G , N E W Y O R K , and N O R F O L K , V A .

COTTON, COFFEE, GRAIN, PROVISIONS AND STOCKS.

A . A . Goldsmith, A gt.COTTON BROKER.

SAM PLES AN D PICKINGS A SP E C IA LT Y. C H A R L E S T O N , S . C.

Correspondence Solicited.

Geu.H .M cFadden&Bro.C O T T O N M E R C H A N T S ,

P H I L A D E L P H I A .

Liverpool Correspondents, F R E D E R I C K Z E R E G A & CO.

Bliss, Fabyan & C o .,N E W Y O R K , B O S T O N ,P H IL A D E L P H IA .

S e l l in g a g e n t s f o b L e a d in g B r a n d s B R O W N and B L E A C H E D S H IR T IN G S

and SH E E TIN G S,PRINTS, DENQfB, TICKS, DUCKS, * 0 .

T ow els, Quilts, W h ite Goods and H osiery .Drills, Sheetings, <tc., for Export Trade.

M. T . Ma in e . W m . Ra y . B. F. Ev a n s , Special.

Geo. Copeland & C o.,C O T T O N B R O K E R S ,

1 2 9 P earl Street, - - New Y o rk .

Cotton landed at m ills from Southern m arkets a specialty. Orders fo r future delivery contracts executed on New Y ork Cotton Exchange.

J U L Y E D IT IO N .

H A N D -B O O K OF

R a i l r o a d S e c u r i t i e s .D E SC R IP T IO N ,

IN C O M E,P R IC E S,

D IV ID E N D S ,F O R A S E R IE S OF Y E A R S .

P rice in Leather C overs............................................ $100T o Subscribers o f the Ch r o n ic l e ........................ 75(Issued Sem i-A nnually by the Publishers o f the

Co m m e r c ia l A F in a n c ia l c h r o n ic l e .)

f i n a n c i a l .

Walter T. Hatch,Henry Prescott Hatch, Arthur Melvin Hatch,

Members o f N. Y . Stock and P rodu ce Exchanges,

W . T . Hatch & Sons,90 Broadway & 6 Wall St., New York.

Dealers In investm ent stocks and bonds.Personal attention given at th e N. Y. Stock E x ­

change for the purchase and sale on com mission o f stocks and bonds fo r cash or on margin.

Interest .allow ed on deposits, sub ject to draft at sight.

F. H . Prince & C o .,BANKERS AND BROKERS1

B O S T O N , M A S S .

H I G H G R A D E I N Y E S T M E N T S .

Mem bers o f New Y ork and B oston Stock E xch ange!.

Established 18 73.C. HALLO WELL. H . M. JORALMON.

Chas. Hallowed & C o .,High Grade Denver Investments.

229-235 Equitable B uilding, DEN VER, COL.

P H IL A D E L P H IA , NEW Y O R K ,406 G irard B ldg. 9 1 Tim es Bldg

W ay land Trask & Co ,B A N K E R S A N D B R O K E R S ,

18 W a l l S tre e t , N e w Y o r k .Transact a general banking business, including

the purchase and sale on com m ission o f securities dealt in at the N ew Y ork Stock Exchange.

W a y l a n d Tr a s k . A l f r e d N. R a n k i n .

The City Bank,B U F F A L O , N. Y .

C a p ita l, $ 3 0 0 ,0 0 0 | S u r p lu s , $ 1 5 0 ,0 0 0W . C. CO RN W ELL, President.

P. H . GRIFFLN, V ice-President.H on. CHAS. DANIELS, 2d V ice-President.

A L F R E D J. BARN ES, Cashier.Send all your collections to this bank i f you want

them handled as they should be. A ll classes o f ac­counts cared fo r Correspondence invited.

American Exchange Bank,S T . L O U IS , M O.

C apital, - 8500,000 I Surplus, - 8325,000P E T E R NICHOLSON, President,

A L V A H M ANSUR, V ice-President.W A L K E R H IL L, Cashier.

W e send d ir e c t to every banking point in M o.

W ood, Huestis & C o .,31 Pine Street, New York City.

C O M M ISSIO N B R O K E R S ,AN D D E A L E R S IN

IN V E S T M E N T S E C U R IT IE S .C. H . H UESTIS

(M em ber N. Y . Stock E xch ange)1 L . M. 8W A N ,E. H . L A D D , JR.,

General Partner*C. D. W OOD, 8pecial Partner.

Fifth Avenue Hotel,M a d is o n S q u a r e , N e w Y o r k ,

T h e largest, best-appointed and m ost liberally managed hotel in the city, w ith the m ost central and delightfu l location.

HITCH COCK, D A R L IN G & CO.