H U N T ’ S M E R C H A N T S ’ MAGAZI NE,& g f u r j s p a p n ,

REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OP THE UNITED STATES.{Eat«r«<l iooor.lln* to hot of Oonstreaa, In the year 1895, by the William B. Daka Oompakt, 1b the office of the Librarian of Ctongresa.1

VOL. 61. SATURDAY, NOVEMBER 16, 1895. NO. 1,586.

I 'h e C h cou icle .fe r in e o f Snt>ecri|Kion—P a y a b le In A d v an ce :

For One Year............................................. ..................................#10 00For Six Month* ................... .................................................... 6 00European Subaerlptlon itaeindlor poauute)....................... 12 00Earopean Subwrlptlon Six Month* (Including po*tage). 7 00aannal Subeonptfon In London (tnelndisg poetagei__ M2 10*.Six Mo*. do. do. do. __ £ 1 10a.

The Ibvbbtob*' S o rruu n u rr w ill be fnrnl.hed vUhout atira charge to every annual *ab*ertb«r of the Comxbbcial ax» Fesascial <J«ro»«clb.

The»TAT* abo Ctrv 8cri*i.**evT will »Uo be fam ished without erira charge to every *abaerlb«r of the (iBBOtftCL*.

The 8t m *t Railway n m m n *rlU tfkevu* be furnuhed with­out citra charge to every «ab«rriher of the C R M n o u t

The OeorATio* StrrrLBMitirr, monthly, will *Ua be tarnUbed•rt'Moui rrlra charge to every KitNerttier of the C uuosiet* .

File o o v e ra are Hold at 50 cent* each : »o*Uute °o the tame I* 19 oent*. File cover for iupplement* can be had at office for 65 cent* or mailed for 80 coma.

Term * of A d v e r t is in g —( P e r Inch sp ac e ) .Onetime. . . . „ ..................... #3 50 I Three Month* (13 tim e*)..#25 00One Month i t Ume«>.. 11 00 j Six Month* (26 " 13 00TwoMonth* (8 " » . 18 0 0 ! Twelve Month* (S3 " ).. 5800

(The above term* for one month and upward are for *tandlng car<l*.i London A g e n ts :

M*a*r». Eowako* A Surrn . 1 Drapers’ (iarilen*. E. C„ w ill take *nb- •edpttonaand advertlnemenM, and tnppty single ooplesof the paper a t 1*. each

W ILLIA .V I H. DAM A CO M PAN Y, P o b lU b e r* ,F i n e S t r e e t , C o r n e r o f F e a r l S t r e e t ,

P ort O trnm Box » a t , s e w y o k k .

CLEARING HOUSE RETURNS.The fo llo w in g tab le , m ade up by te le g rap h , e tc , , in d ica te s

th a t th e to ta l b ank c le a r in g s of a l l th e c le a r in g houses of the U nited S ta te s for the w eek end in g Um l a y . N ovem ber 16, h ave been *1.168,9*5,221, ag a in s t $l,0ft5,88fl,97fl last w eek and *1, O il,817,786 the correspond ing w eek o f la s t y e a r .

CUaringe a t—

New York.........Philadelphia... P ittsburg ,,......Halt i more.........Buffalo..............Wanhintftoa.v. . Rochester..------

Wilmington*.........Scranton.... ... . . .Binghamton......

Total Middle....Boston.................P rovidence...,.. . .Hartford.,............New Haven..........Springfield............Worcester........... .Portland... . . . . . . . .Kail R iv e r ...........L o w ell...................New Bedford......

Total New Kn*.,cmeaaob....... .Cincinnati,......,.Milwaukee..........Detroit.........Cleveland........C olom bo*....... .P eoria ....,...........Indianapolis......Grand Rapid* . . . Lexington.. ......simtnaw............Bay cut . . . ........Akron....... *........*wrtn*flet<h Ohio. Canton............Rockford.......... .K»larua*oo.,..«...Toledo*............

Tot. Mid. Weet'o

C t.B a*svo*. HstWOM by leU grap*.

W *v Y o r k .. ........ ..................Boston .........................rhIladeiphU................ .....Baltim ore .............................Chicago .^ * ,,...4, ........ .

Lon>« ........ ................ .New Orleans. .......................

Seven cities, & d a ya ....... .Other cities, 9 d a y # . , . . . . . . . . .

Total ait cities, 5 d a y* .... AH cilia#, 1 d a y . . . . . .__. . . . . .

Total «U cilia* for w eek..

Wit*k Ending S«P*mber Ifl,1899. 1894.

t5.l9.TnUG 79,91*. 353 67.284,302 U.623.580 97.153,553 iM U fiM 11,445.243

tA33.682.822163,407,054

^>76.090.446192,904,779

« 1 .163.995,224

4474.657,8#6 72.360.644 55,7*4,238 12.684193 91,039,628 31.A 17.907

9.039.9171731.396,193143,614.320

4975,000,510166,217,267

P er Cent.

+ 13-8 +10*5 +20*7- 8 4 + 7'5 *17*1+30*6+125+ 9 9+11 6+16*1

#1.041,317.786 #-12*3The fu ll d e ta il* of c le a r in g s for th e w eek covered by the

above sta tem en t w ill be g iven n ex t S a tu rd a y . W e cann o t, of coarne, fa m ish them to-day* bank c le a r in g s being m ade up by the vario u s c le a r in g houses a t noon on S a tu rd a y , and hence in the above the la s t tw en ty -fo u r hours of th e w eek h ave to be In a ll rtuvn e stim ated , as w e go to press F r id a y n igh t.

Our usua l d e ta iled f ig u r e for the previous week, covering the re tu rn s for the period end in g w ith S a tu rd a y noon, Novem­b e r 9. are g iven below , an d w e aieo p resent th e re su lts for the o>rresponding w eek in 1894, 1893 and 1893. In comparison w ith the p reced ing w eek there U a decrease in the ag g reg a te e x ­changes of abou t s ix ty-seven and th ree -qu arter m illion dollars, but as New York alone the lose im seventy-one m illio ns. Con­trasted w ith the w eek of 1891 th e to ta l for the whole country «bow* an increase of 21*9 per cen t. Com pared w ith the week of 1893 the cu rren t re tu rn s record an excess of 18*1 per cent and the lose from 1892 is 5*4 per cent* Outside of New York the gain over 1894 is 18*1 per cen t. The excess over 1893 reaches 18*8 per cen t, and m ak in g com parison w ith 1392 the excess is seen to be 1*5 per cent*

Ran Francisco..,Portland........... .Salt Lake City..,Seattle,.Loe A ngeles...,.Helena..............Spokane... . . . . . .Sioux rail# .....,Fargo...» « .......

Total Paciflc..Kan*** City.. Minneapolis... Omaha.,... . . .St. Paul........D enver..St. Joseph........Sinn* C ity........De» M olnc*... . .L in co ln ......... .W ic h ita ... ... ...Topeka. F re m o n t.....,,.lU A tin in ,. . . . . . .D avenport*....

Tot. other W e t .

St. L ou ts... . . . . . . . .New O rle a n s.......L o u isv ille ............G alveston ....,.......H onaton.... . . . . . . . . .Richmond...............Savannah........ . . . . .M em phis...............A tlanta....................Noah vllle...*............Dallas.......................Norfolk......... .W a co .......................Fort W o rth ...........B irm in gham .....,,.Jacksonville...........fbattanoofira........A usftiat.fi........ ..........r,it,tie R o c k * .... ... .

Total Southern..

Total a il...............Outside N. York.

IPw* ending S ’ovember 9.1804. 1895.

P. C ent

586,407^6870.659,41?H. 458,466 15,&£9 8354.9S?,77? 3,318,028

, 1,71«.2«0 ' 1.337.119

710.870 75?.-<*g

696,0 78,063100,2 43,65*

6.3^.8+- 2.131,231 1,803,95 5? 1.868,789I, 20s, 131 M 10.808 1,015,483

736.393407.639

467.523*50053*111,88712,174.428W^8a,8963.025.06*1,825,4811.&S0.56*847,443

88*1.000 817,5 m 331.IKK)

128,715.81

fi,S §M 00m m6,661.207 6AI0.SO3 i.»OMw0 2,066.05b 3«S48«S78

065,5»T 318,081 457,07* 204.108 42*.*r*I6&.R3jo t u i326.568

1,745.247 1*0.137,38*

13.O6L1801.555,47*1.680,7**

613,503630,S»♦60.005m sm143.211303,118

80.242.24W

’11.208*204

4.445,377 6,343,846 2,077,538 1.476,00*'

788 60S 1,180.000

437,443 386.075 860.830

71.058 70.3W1

2,1^.0 5* •

554.067,77 485,3lrtk2S5

6.146, SOU1 830.0311,563.839 1.130.9; i 1 206,05*.

859,108 5051H

4170O.5WA31U88 000.636 13.OS7.TO

4^d0.82»> 6.10I.5P#) 5.702.2»«' 3,05f9.i0X) 2,607,480 1*102.772

#50,000 402.772UPoo337,278175,160I

171,003 171.280 261.*41

IH EppS13.000,66? 1.633,422 M77JAU

510,060 578,752

L10? .010 64S.717 299,614 78.725

156.742

+26 0+28*0+24*2m iflU-5+14*0-f ‘

+ «ri+36*6+ 3 7 2

*+7*2+W)*6

-t-7 4 + 1 4 0

4-1T6—10*6

+131*1+27*7-1 4 8 +48 0 -12 8

+144 H-ro*2

+18*1+24*6

1803.

409,211.996 53,53 5,go I 11 271,124 11,931.708

Hi ,1,0-0,750772,727

323,100

18 261,09910,609.343 7,809,725 4,881,737 4.1-6,101 2,335.0flu LS20 987

WO 9SI

l ,5T0;»*I302,286390.10067.31702.132

8e,704,*99| 31,586,51820.W6.740; 13.66* 27S' 6,923.128 3.798.840 3,612,270 X5t0.712;4.018.670 3,746,101 2,012.604 1*100, • 00 1,743,453 1,192.4181.447.671

23,744,09010.168.03S5,228.2*83,438,8023.309.701

-f8*0

M

( 8+68 0+W0+*0*6

5S5,0I5.O>684,941.212 5. VI 2.6ut 2,020.64*2 1.362,443 1,510,149HkSim>,Wi

714,3*»> « J « U O 0 09.846,Kf784,540,68714.052,0006fl.feO4.880 4,787 678 »,487.700 L608JW6 1.453.705, 1,242.8:#

982,301 97 7.82*96^,781814.762182,904155.794U9.m*

123.331,87 712.657.690

L 49i,2« 1 009.412 546,042 680.131

1.046,863 iOO.OOi) 218.241 156.464 185.000

+iw w; 1S.37W.S74—5*0

+48*4 —H*0 + 2 7 ? +#7*6 +10*1 +14*1 +4S

—23*3-1*4- 1*6+ 6*0

-14*6

fl2*2

.M ontreal....,,...Toronto..............Halifax...............Winnipeg...........H am ilto n ............... .

Total Canada..,’ Not included 1 total*.

9.287,3818*682,6*44,832,9324,141,0962.2SO.060

930.760 594.002 298,5A¥ 442.107 89,372

102,000

1S03.

148 084,826

14,784,0282,600 *»0 2,S0fl,flSfl

923,748't a x740.9331,090,004160,000

24.364,0$11*206,02310^00,0 o6,654,388 5.388,066 6,346,46* 1,610,016 1.230,004 1,117,202

808 907 618,627 403, S6d 1C8.Q00 110,000

34,140,16724.913,12412 783.225 6.860,762 4.213.065 3,762.631 £900,0003,216,6062,313*8281,646,312

875,0001*070,82111,002,184;

895,111675.84?170,026334.850200,724

43.090,67426.06tJ.84812.070,0818.796,1608,810,5033,068,6662.412,3463.051*7883,306,7271,742.0311,915,500

899,6801*096.166800.000m340.252 407.15C

80,607.527 i 69,290.940

027^88 ,688-1,168,490.760 438,770,642! ^5O1.07lJO6

24,Oi4.127i 24.419,339

—15*4 + 14*8 +3*4

+lS*fl 894,917 —1*4 21,2*00.921

12.292,1610,673.1921,346,681

12 502 3J6 6.557.320

940.000736.000

20.7891430

846 THE CHRONICLE. [ v o u l x l

77/ A' FIN A N C IA L SITUATION.European markets have all developed a quieter con­

dition as the weok has progressed. On Saturday last aserious panic was reported oa tlie Bourse at Paris and at Vienna. The cause was the political tension added to the speculative situation and the approaching settlement, the latter giving rise to fears lest in its progress important failures should occur. Lord Salis­bury's address at the Mansion House Saturday evening relievod in large measure the political tension. The address was conservative, disclaiming any ambition other than to preservo the peace and restrain lawless­ness in Turkey; it was satisfactory to his owa people because of its clear and strong expression of the ability of Great Britain to protect her own interests everywhere; it was reassuring to financial classes all over Europe for its emphatic affirmation of the perfect accord and concert of the Great Powers in the present movement. Besides the quieting effect of this address measures were reported to have been taken on Monday by strong houses in Paris to place $25,000,000 at the disposal of the market for the purpose of assisting in the settlement; also a conference of leading financial men was stated to have been held at which it was resolved that the utmost assistance safety permitted should be rendered in order to avert a financial disturbance. These measures further helped to restore confidence and the settlement was concluded without important incident. At London consols gradually recovered and nearly all trace of the disturbance seemed to be removed by Thursday, when it was announced that the public were again buying South African mining shares quite indiscriminately. This last announcement seems a little marvelous. If cor­rect the English public just now has unusually strong faith in the substantial nature of things hoped for but not seen.

At home the abnormal state of our foreign exchange market, which has at length resulted in gold exports— $1,000,000 on Tuesday and $2,250,000 withdrawn yes­terday for to-day’s steamer— ha3 been an unfavorable circumstance and the only unfavorable development of the week. Is it not strange though that while this con­dition of our foreign exchange market prevailed here, Mr. Crisp, late Speaker of the House of Representa­tives, was making a speech in Georgia announcing he was in no manuer cured of the delusion he has bo long labored under that the tree coinage of silver at 16 to 1 was a safe policy for the country and one the people would best thrive under? Georgia and the other Southern States are trymg to bull cotton to-day. There is a short crop and they

ought to get a good price for it. These exports of gold produced by our silver issues already made are so dis­turbing that if continued financial people who are car­rying the cotton will have to drop it. When that oc­curs the people of the South had better look to these silver advocates for their damages. •

The highly gratifying exhibits of earniugs which the railroads are making in their current returns (outside of a lew roads in Texas and the Southwest whose rev­enues have been diminished by ttie reduced cotton movement) constitute an exceedingly encouraging fea­ture in the general situation. It is evident too that so long as on the oue hand the grain movement con­tinues so heavy as at present and on the other hand iron production remains on so large a sc tie, the earn­ings of the roads must go on improving. The

“ Iron Age” has this week issued its usual month­ly statement showing the number of furnaces in blast and the aggregate capacity per week, and from this it appears that the output of pig iron on the 1st of November was 217,306 ton3 per week.. We noted a month ago that the production had for the first time in the history of the country exceeded the two hundred thousand mark (the amount for October 1 having been 201,414 tons) and the latest figures demon­strate that the great activity in the iron and steel trades continues unchecked. The “ Age” says that since the 1st of November a few more furnaces have either started or are getting ready to start; these it calculates will bring the output up to 220,000 tons per week, but thar, it thinks, will be the maximum. O f course with production at the rate of nearly 11£ million tons a year, we should soon have iron enough to supply the present very extensive demand. It is this feeling doubtless that accounts for the weakening in prices which has been the feature of late weeks. And yet it is a fact that up to the present time, so far from there having been any accumulation of iron,. supplies have been steadily drawn down. According to the “ Age” the total of stocks, sold and unsold, on November 1 was only 396,669 tons, against 418,103-. tons October 1, 461,511 tons September 1, 511,781 tons August 1 and 549,068 tons July 1. Tnese figures warrant the inference that thus far all the iron turned out has been actually wanted, and more too; and this of course furnishes the reason for the steady enlarge­ment of the output.

With reference to the course of earnings, we give to ­day our review for the month of October. From this it will be seen that though the Southwestern group of roads has in some cases sustained quite heavy losses as the result of the smaller cotton movement, yet in the aggregate our table shows a gain in amount of over 3£- million dollars as compared with the same month last year. We need hardly say that the large grain move­ment has played a prominent part in this improvement in earnings, and yet the ga;n in volume of the grain traffic will not alone explain the great increase in earn­ings. The truth is, the excellent grain harvests gathered the present year are an advantage to the roids quite as much in the stimulus they have imparted to general trade and the increased buying pover they have given the farming classes as in tn eex -ra tonnige in grain which they afford. With reference to the loss of earn­ings on the Southwestern roads, that is large, because at this season of the year cotton always moves in consid­erable volume, and therefore any shortage in the crop is felt most severely at such time. After a few weeks more the small crop will count for less in the- affairs of the roads, and it should also be remembered that the grain harvest in the- Southwest has been very gooi the present year, the same as in other sections, a id that this will operate as. an offset to the cotton shortage. We show for instance to-day, in speaking with regard to the Agricultural Bureau’s figures of corn production, that in Texas the yield for 1895 is given as 107,897,000 bushels, as against only 69,338,676 bushels in 1894, and in Arkan­sas 50,360,000 bushels, against 38,437,824 bushels. In other words, in these two States the corn product fo r 1895 is estimated at 158,257,000 bushels, against only 107,776,500 bushels in 1894— an increase of over 50 millioa bushels. Tnus the banefits of the country’ s; large corn production the present year extend to that- section of the country.

November 16 1895 ] THE CHRONICLE.Money on call representing barkers' balances has

been still easier this week and loans on the Stock Ex­change were generally made at I I per cent after Tuesday, with a few transactions in small amounts at 2 per cent; the average for the week has been a frac­tion below 2 per cent. Some of the large up-town banks who have been unable to place their money at 2 per cent on call over the counter have employed it in the stock market at I I per cent, but the majority of the banks and trust companies refuse to loan below 2 per cent, and this rate is quoted as the minimum by all the down-town institutions. Lenders on time are willing to make concessions as to rates where choice collateral is offered, and s -me transactions have this week been reported at a fraction less than the figures quoted below, (31(§i4 per cent) for six months. Hates on good marketable secur­

ity are 2 per cent for thirty days (21 per cent) for sixty to ninety days, 3 per cent for four and 3I@ 4 per cent for five to seven months. There is a good demand for the best commercial paper not only from the city but from Eastern buyers, and the supply on the market is only moderate, partly because of the fact that the names offered are closely s rutinized and those which pass examination are promptly taken. Quotations are 4@ 4I per cent for sixty to uiuety-day endorsed bills receivable, 4 l@ 5 per cent for four months' commission house and prime four months' single names, 5@ 5I per cent for prime six months, and 6 per cent and above for gord four to six months single names. Re-discounting is nearly over for the season, though there is some inquiry from the South and bankers report an urgent demand for money iu the extreme Northwest.

The Hank of England minimum rate of discount re­mains unchanged at 2 per cent, but the Bank of R-*rlin has advanced its rate to 4 per cent. The cable reports discounts of sixty to ninety day bank bills in London at l l @ l f per cent. The open market rate at Paris is 2 per ceut and at Berlin and Frankfort it it 3 per per c.nr. According to our special cable from Lmdou the Bank of E gland gained £45,124 bullion during the week and held at the close of the week £40,947,708. Our correspondent further advises us that the gain was due to the import of £218,000, all bought in the open market; to £40,000 received from the interior of Great Britain, a:,d £213,000 exported, of which £203,- 000 went to the Cape and £ 10,000 to Egypt.

The foreign exchange market was slightly easier early in the week, influenced by a iigbrer demand, part of the inquiry for remittance having been met with gold bills drawn against a shipment of $ 1,000,000 gold on Tuesday and part by a little better supply of near or prompt cotton bills which came by Monday’s mails, while at the same time there were fairly liberal de­liveries of cotton drafts on contracts, though these were not so large as during previous weeks. Later the market grew firmer in response to a better demand for remittance by Saturday’s steamer, and the buying for that mail began on Wednesday afternoon. There appears to be a disposition on the part of bankers to avoid, if possible, gold exports, and it was not until Thursday that there were any indications that gold would be shipped on S i urday, and even then no posi­tive statement would be made as to the amount which would le sent. Yesterday the withdrawals for ship­ment were $2,250,000 ($1,250,000 by Lszaid Frer.a and $1,000,000 by L. von H>.ffinan & Go.), making the total shipments of tue week $3,250,000. On Monday the

8 4 7market opened steady with rates for actual business at 4 S7f@4 88 for sixty day, 4 89 i@ 4 891 for sight and 4 S9I@4 89f for cable transfers, the only change made compared with Friday of last week being in the sight rate, which was one-quarter of a cent higher. On Tues­day dearer discounts in London caused a reduction in rates for actual business for long sterling to 4 874@4 87|, while the lighter demand and some offerings of bills supposed to be against contemplated shipments of gold caused a reduction in the short rate for actual business to 4 89@4 89^, and in the cable rate to 4 89I@4 891. There was no change on the follow­ing day and the market was quoted as steady until the afternoon, when a better demand caused it to close firm, and on Thursday rates for actual business were advanced to 4 87f@ 4 S8 for long, 4 89 i@ 4 894 fo r short and 4 894@4 89$ for cable transfers, and th e market was steady to strong all day and bankers reported a very light supply of commercial bills against cotton. Yesterday the same conditions ruled. There were no changes made in nominal rates dur­ing the week, and the following table shows the figures posted by leading drawers.

FY1..Nov. a Mon.. Nov. lL Tue*..Nov. 12. Wed- Thiirfl-Nov. 13. Nov. 14. FrL.Nov. 15,Brown BW....JSSC; B**,, GO IP 8 “ «8*GO 3 “ 88*GOBarm*. j 110 day*. Vlatftiuu k Co. (81*lit....* 82* , i>0 S “ SP *S*SO SP S#GOBank British 100 day*. No. Am one*., f Sight..... 8M *. GO GO GO miwo 88*GO S9*00Bank of <60 day*. Montreal. ... \ Sight..... *8* . GO miGO BS*00 88*GO 88*GO 88*.GOCanadian Bank (60 dart, mtaeree. 1 .Sight..... «** . GO miGO *8*GO 88*GO 88*GO 88*GO11 aide l bach, Jck- j «V> dajtft. •tbfrimar at Co \ Sljrht..... »** , GO 1mGO BS*00 8s*GO 88*GO 88*GOI.uardVMn* -lalhe!*.:* mi. GO msim 08*40 8>’*V* GO 88*80Mafehanta* Ilk. j «0 day*, of CiuuuIa.... r Sight..... sw* . GO ***GO A***00 G8*GO 88*GO 88*GO

The market closed very strong on Friday at 4 881 forsixty days and 4 90 for eight. Rates for actual busi­ness in sterling were 4 8?$@4 88 for long, 4 89$@4 891 for short and 4 89^@4 89$ for cable transfers. Prime commercial bills were 4 87(@4 871 and,,documentary 4 86J04 87.

The Union Pacific statement of earnings for Septem­ber has been issued this week, and shows $70,984 in­crease iti net, with $110,312 decrease in gross. The Union Paoific Denver & Gulf for tbe same month has $10,434 decrease iu gross, $8,860 de­crease in net. The Northern Pacific, on the other hand, has $109,021 increase in gross, $198,695 increase in net. The Louisville New Albany &• Chicago reports net of $120,795 against $103,346; the Flint & Pere Marquette, $60,639 against $60,935; the Ohio River, $36,776 against $40,230; and thoMemp’iis & Charleston, $32,421 against $20,737. For October the Biltimore k Ohio has net of $762,371, against $771,930; the West Virginia Central & Pittsburg, $35,'.tic against $30,654; the Georgia, $80,185 against $78,293; at d the Toledo Peoria Western, $29,402, against $28,284. The following furnishes a four-year comparison for a number of roads.

.Sam* o f Hoad —^ISf-S .$

----- -&ptttnhcr Earning*.-1804. 1803.

f f1892.

$H in t k iJe re M a rq u e t te . . ..G ro»S

Net208.41400,689

201,01600.9*6

210,00470.9 8

287.70404.321

L o o ii. N. AI0. k C h ic .......... . . t in iMNet

301/ lM120,795

281.081H 3..!

802,61 * 169,940

328.277P(J,13G

obk* R iv e r ................................Net

0L.fP'*) 31, 70

80,973 40. <30

70.507*‘l/07 ISB

W «M . !» . V I t P a ...............Net

492,3 0 69 ,221

319,0)2110.137

287.190 74,‘iOu

331.208110,758

'a m * o f t<oad—1806.

1

------- tttobtr Eaminv*. —1894. 1893.

t 41892 .^

%B a ltim o re k O hio ..............

Net2.G 1.016

762,8712.165.410

711.0802.4 2.721

000,4 02,339,007

030.316U fo rff lf t ....................... .............

Net171,15380.181

169.384 78,2 ‘ .t

107.916 01,340

160,115 73,79 J

,Nn*h. C h ill. * S t. U .u l* . . . .. <* roan Not

470,814200.0 .4

II 304,080 2C 0,-309

473,239189,292

T oledo P eo r ia k W este rn . , .G ross Net

If 0.3 12 20.402

01.19428.244

GO. 115 31228

92.60928.040

W m tV a . C en t. & P it t s . . . . , , Gross Net

107,122555.918

93.3228O.0.?4

90,57837.0irt

90,74130,864

[V ol. LXI.I'HE CHRONICLE.us following stawmeai gives tne week's m o v e r n o u i s

ionev to and from tho interior by the New York

. . . Rtctlertt tv SMppfil tv Nr.t Inttrto’,ul-. io, y r. Bank,- If. T. Bunki. Movement.

- r — — -------~~ " 4.505.000 $2,015,000 Galn.$l,860.0 )0 Gaiu. 165,000611,000 840.000

Tatal gold and ouml teud«M____1 t5.OUl.OOoi *0.001,000 G»in,$2,02S,OOoTi>Ul goldana legal tauaorn.......i u.wvwi ......... : v~ With the Sub-Treasury operations and gold exports the result is aB follows.

IFmX KrcJinfl -Vof. 15,1805. In toBank*.

Out o f Banks.

N et ChangeBank H oldings.

fiab-Tre**. oper tutl g dd export*..f5.016.00013,400,000

$2,001,000 Galn.sz.uza.uuu 15,300,000 Loss. 1.900,000

Total gold and lega tenders...... $18,410,000 $18,201,000 Gain. 125,0P0

The following table indicates the amount of bullion in the principal European banks this week and at the corresponding date last year. ________________ _____

Bank ofjVoi'ftnlxT 14, 1895. November 15, 1894.

GoUU Silver. Total Gfotd. Silver. TMn.

England..... France.. . Germany.... Aa*t.-Hana/r SpainNetherlands.Nat. BelgiumToLthls week Tot. prer. w'k

£40.01?, 7<3S 78,096.14! 52,371,842 23,087,0008.004.0004.207.000 2,885,333

189,100.13 s 189.573/SO

£

49 214,310 13.222,31812.8MU.00010,931,0000,743.0001,412.607

94,103,29503,0^3,903

£40.047,7^8

127,210 157 45.591,200 35,577/100 18.935, >00 11.010.000 4,3 8 ono

283,632,425 28 4,257,823

£35,558,023 77,8‘ 7,00030.919.00014.901.000 8,004,000 4,070, >00 3,333,333

180,758.350177.878,81?

ih

49,500.000 15 092,000 14.419,00)9.825.0006.734.000 1,660,007

97/230,03790,563/21

35.558,02) 127.377,000 52 041,00029.380.00017.829.0 'U10.810.000 5.000,000

277,995,023274,442,484

5

THE IS TER ST A TE COMMERCE, LAW AND UNEQUAL RATES.

The Inter-State Commerce Commission has recently made a ruling in two cases, both involving the same point, and the text of these decisions has now been issued in printed form. The opinion deserves very careful study and consideration— not that it enunciates any new doctrine or principle, or chit it changes a previous construction of the law, but rather that by reaffirming a ruling made by the Board at the very be ginning of its career, and applying this ruling to the cases under review, it enables one to see how far the theory of equality of treatment of different p'aces may be carried, and also enables one to see how unfairly such theory may work in practice.

The complaints in the oases referred to were both filed by parties doiug business in Cordele, a small town in Georgia. The complaint in the first case was by S. J. Hill & Bro., a firm in the wholesale and retail grain, hay and flour business, and was against the Nashville Chattanooga & St. Louis Railway, the Western & Atlantic, the Esst Tennessee Virginia & Georgia, the Georgia Southern & Florida, the Louisville & Nash­ville, and the Savannah Americus & Montgomery. The petition was based on transactions which occurred in July and August 1892, and related to shipments of flour and corn from Nashville to the plaintiffs at Cor­dele. The second action was brought by the Cordele Machine Shop, a corporation engaged in the foundry and machine shop business at Cordele, and was against the Louisville & Nashville and the Savannah Americus & Montgomery. It related to the charges on ship­ments of coal and pig iron from Birmingham to Cordele.

In their opinion the Commission furnish tables of rates, tables of distances and various other details, and altogether go into the matter quite at length. Tne substance of the complaints, however, can be stated in very few words. The plaintiffs are dissatisfied because the defendant railroads will not grant them equally low rates with Macon, Americus and Albany, Ga.

Cordele is 65 miles south of Macon, about 30 miles east of Americus and 3o miles northeast from A l­bany, The rates complained of are made aoiording to what is known as the “ basing-point system /’ by which certain competitive centres are granted low through rates while other points are required to pay higher

! rates, these latter being fixed by adding to the through rate to the nearest competitive or basing point the local rate from said point to the point of destination. In the rate sheets in the South, Macon, Americus and Albany are favored with the special rates referred to. Cordele, on the other hand, is treated as a local point, and is therefore obliged ti piy in aldicion to the through rate tlio local rate to the through p >int. Bnis the people of the town consider undue discrimination. Like the inhabitants of so many other small places they want to be placed in a position of equality with the most favored locali ties.

The Commission speak of the basing-point system as if if were peculiar to the South, whereas the truth is it obtains all over the country, and as a matter of fact it would hardly be possible to arrange rates in any other way. To most persons too it will appear that such method is not open to criticism. But the Commission have from the first been opposed to it, and have claimed that as it perpetuated the advantages which the trade centres have always had, therefore it was in conflict with the law. In one of the very first cases considered— the celebrated Louisville & Nashville case— the Com­mission, speaking through Chairmin 0 >oley, referred to the pre-eminence of the trade centres and the concessions in rates which the railroads make to them. Again in the case of Martin vs. Chicago Burlington & Quincy, Chairman Cooley said: “ A fatal difficulty with the theory that a trade centre, as such, is entitled to especially favorable rates, is found in the fact that it is in conflict with the spirit and purpose of the Act to Regulate Commerce. One of the reasons for the passage of the Act was that by means of rebates and other contrivances large towns and heavy dealers secured advantages which gave them a practical monopoly of markets and shut out the small towns and small dealers.” * * * * “ It is not amatter of the least importance, in a legal sense, that the small towns are strictly local and non-competitive.”

We should say that the flaw in this argument was that it assumed that the trade centres were the creation of the railroads as the result of special rates granted by them, whereas it would be nearer the truth to declare that the trade centres by reason of their position and natural advantages had compelled the discrimination in their favor which the railroads make. Nor are we pre­pared to admit that the theory of the law is quite as broad as Judge Cooley here states it. However, as the Commission had early annouoced their position on this point and have not since changed it, it was not to be ex­pected that they would decide in favor of the railroads in the present cases. In their syllabus to che latest de­cision they announce their conclusions in a somewhat dramatic fashion, saying of the competitive and basing- point system— “ reviewed, again condemned, and found to result in unreasonable and unlawful rates to points classed as local, and give favored business rivals unreasonable advantage.”

To those not familiar with the facts the argument which the Commission advance to justify their action may appear quite plausible too. By the short lines from Nashville, Cordele has an advantage only over Albany, the other two points— Macon and Americus— being

N O VEilBEJ! 16, 1895.) THE CHRONICLE. 849nearer than it to Nashville by these short lines. But by the indirect routes, against which the complaints in the present instance are directed, Cordelia appears to have an advantage over all the other points. The roads accord low through rates to these latter points, w h y should not Cordele be favored in the same way? Then also it is pointed out that by the short rail lines Cordele is nearer to the ports of Sivanmh, Brunswick and Jacksonville than either Macon, Americua or A l­bany, which thus would seem to afford additional rea­son for granting it the same advantages in rates as the other points.

Bat it will appear on reflection that a conclusion can not be based on these elements alone. There are other factors that enter into'the matter. Some of these con­siderations are entirely [ignored in the Commission’s argument, others are passed over very lightly and not given the weight to which they are entitled. It is of course perfectly obvious why Albany, Macon and Americas are granted lower rates than Coidele. They are larger places and they enjoy facilities which Cordele does not possess. The CommisMon admit this, say ing, “ Cordele is not so large as the much older cities, Americas, Albany and Macon ; its tonnage of corn and fleur and other products is small in comparison with theirs.” Necessarily, too, the indirect lines in seeking to participate in the traffic to these points must make the same rates as the short lines. It is also well to remember that the pref­erence accorded Macon, Albany and Americas is not a recent innovation. Those places were treated as bas­ing or competitive points long before Cordele cam* into existence. The railroads have therefore made no departure in this respect. They have simply continued a condition of things which has prevailed for years. The only new feature of the situation has been the development of Cordele as a point of some importance, and this prominence it is only fair to say it owes en­tirely to the railroads, as we shall presently show. Nevertheless the place is still a comparatively unim­portant one alongside of Maco >, Americas and Alb «ny. and therefore cmnnt justly claim the same rates as those points.

The contention of the Commission is that Cordele has been arbitrarily ercloded from the alvantages given to its rivals and business competitors. But, as we see, tbe course of the roads has been not at all arbitrary. 1 Macon, Americas and Albany have been treated as competitive points the same as always in the past, while Cordele has been treated es a local point the same as hosts of other local points, and the reason for the distinction is found in the differences in the circumstances and conditions under which business to the two classes of points is conducted. Tnc Com­mission say that “ Cordele is not treated by the defend­ant roads as a competitive point because it is not a sufficiently large distributing point, and it is not such a distributing point because it is not treated as a competitive point, and the defendants seek to excuse themselves from wrong doing by offering the ; results of the wrong in justification.” This is a de­cidedly unfair statement. What are the facts of the case. Let the Commission themselves answer. In one part of their opinion we find them saying: “ Cor­dele has grown up since the building of the Savannah Americas & Montgomery Railway. In April 1893, four years after its incorporation, it bad a population of about 2,500.” Going back a little we discover that at the time of the 1890 Census the population wa3 only

1,578. In the 1880 Census the place is not enumerated at all, for it then had not yet been called into being. To the ordinary observer the fact that such growth has been possible would furnish very convincing evidence that the policy pursued by the railroads had not oper­ated to the disadvantage of the new poiut, rrather than the reverse.

We may go a step further and aver that it is the rail­roads that hive mad - Cordele a possibility. We have already quoted the Commission to the effect that the place had grown up since the building of the Savannah Americas & Montgomery By. It would be more accurate to say, however, that it bad grown np since the build­ing of that road and the Georgia Southern & Florida. Both reached Cordele at much the same time—late in the eighties. Previous to that time Cordele had no rail­road facilities, and the locality covered by it was insig­nificant and of no account— it finding no mention, as we have already seen, in the Census of 1880. It is therefore strictly correct to say that the place ha3 been created by the railroads. Under the circumstances to charge these transportation interests, as the Commis­sion do in effect, with having conspired against the welfare of the place when the fact is that it was the railroads that gave it its breath of life seems a good deal like straining after effect.

Consider one other aspect of tho matter. While Cordele has prospered what has been the experi­ence of the two roads which connect it with the outside world ? This is a consideration to which no reference whatever is made in the opinion of the Com­mission, and yet it is a matter which cannot well be ignored. As stated at the outset, the complaint in the case of 8 . J. II 11 & Bro. is based on transactions occurring in July and August 1892. As it happens, in the same yparthe Savannah AmeriousA Montgomery fout d itself unable to meet its obligations and went into the hands of receivers; the Georgia Southern A Florida had met the same fate the year preceding. The present year bath roads were sold at foreclosure sale. Hence while Cordele has thriven, the two roads through whose enterprise it was created have proved unsuccessful and have pissed into the possession of their cred­itors. More than that, in the case of the Savannah Americas & Montgomery (now known as the Georgia & Alabama) the branch between Cordele and Albany, called the Albany Florida & Northern, has been consid­ered of so little value that it has been altogether left out of the new or reorganized company. In brief then, while on the one hand it is clear that the prevailing rates, against which complaint was male, have not operated to the detriment of Cordele, on the other hand it is equally clear that the general scheme of rates in force on the two roads mentioned (of which the rates to Cordele form a part) has not yielded a sufficient revenue to allow the roads to earn a return on the money invested in them.

It is against the smaller roads like the Georgia Southern & Florida and the Savannah Americas & Montgomery that such a decision as that rendered in the present instance operates most harshly. To the larger roads— the Louisville & Nashville and the East Tennessee— tho difference is not of so much import­ance. Tney are getting only through rates now to the basing points, and to extend these through rates a lit,tie farther to include other points could not make any very large difference in the proportion of the total charge received by them. But in the case of the small con­necting roads, which carry the traffic from the basing

THE CHRONICLE.* ; | the points of destination and got local ratesfor the haul, the difference becomes very great; for Instead of such local rates they must accept simply their pro rata of the through rate, yielding vastly less.

It must be borne in mind that it is the locil traffic m>on which these connecting roads depend for a profit­able existence, and they can not take this local traffic at one-half or three-quarters of a cent per ton-mile, for there is not enough of it to mike it pay at such figures. It does not aff'Ct the argument that the connecting roads may also engage in the competitive or through business and accept very low rates for such business. If they can make a profit at this, he it never ao little, it lightens to that extent the burdeD upon the local traffic which must support the roads. In the present instance, the Savannah Atnericus A Montgomery in its answer to the complaint stated that it would prefer to abandon taking freight to the basing or competitive points at through rates rather than have its revenues impaired by the reduction of rates to the local points, and obviously it would suffer least in that way. It must be regarded as in every way unfortunate that the Commission should adhere to a ruling which can but be prejudicial to a good many roads and also prejudicial to the best interests of the country.

650

WHAT THE AGRICULTURAL COTTON FIGURES INDICATE.

An important contribution to the public stock of information for forecasting the size of the cotton crop ought to be the agricultural reports, and no uncer­tainty as to their meaning ought to attach to them. No one doubts that the officials give us, as a rule, con­scientious work so far as they give us anything, and that the errors contained in, and the misleading char­acter of the figures they make public are such as nat­urally attend crop investigations, enhanced by changes of methods so frequently introduced incident to the short term (the length of one administration) the Chief of the Department holds his office. The fact is, what the Government undertakes to do cannot be done with accuracy, even if the tenure of office were very much longer and the reports remained continu­ously under the guidance of one mind. The sooner that truth is acknowledged and the results are made up on an unchangeable basis and given to the public simply as reflecting the information gathered from correspondents, for which the Washington officials are in no wav responsible, the more helpful the results will prove to commercial classes. It is the compari­son with former years which gives the chief value to the Government reports. Destroy that comparison and the reports become no better than any individual's work.

These remarks are suggested by what is called “ the Statistician's” report on cotton for November 1, issued on Monday last, the full text of which will be found in the cotton department of this issue of the Chbon- ici.e. There has been considerable conflict of opinion among cotton men as to the yield these November re­sults indicate. The estimates put out by members of the trade varied widely, all the way from 6,200,000 bales to 8,000,000 bales, the most of the investigators being no doubt influenced in choice of method and re­sult more or less by preconceived views of the extent of the crop. That situation would be of little moment were it not that great difficulty attends any one's effort

to get at a correct solution, however desirous one might; be of so doing. Tnis difficulty has been produced by the confusion into which the bases of comparison have been thrown and are involved by the changes in. acreage introduced and by new methods used by the Department.

One of these acreage compilations prepared by the- Department was made public October 25 1894. The report, having stated that the compilation had been “ made after an investigation covering a period of several months,” gave in detail by States the planting, for the 1893 crop at a total of 19,525;,000 acres; whereas the acreage, according to the running count prepared from the Department’s annual percentages of increase and decrease starting with the Census of 1890, indicated- that the planting in 1893 was only 16,869,726 acres- The other compilation was published in similar form in the “ Report of the Statistician” of May 1895,but omitted to say the length of time taken to prepare it and called the figures simply an estimate. By this estimate the planting in 1894 was again raised to 23,687,950' acres, or an increase of over 21 per cent on the figures prepared after so much work and care for 1893, although the acreage report published in June 1894 had stated- that the increased planting iu 1894 over 1893 was only six hundredths of one per cent.

Such a record as the foregoing statements disclose cannot strengthen one’s faith in the processes used or encourage one’s reliance upon any of the results reached by the same authorities. Wnat is more unfor­tunate, too, these changes leave the older records dis­credited and in confusion so that comparisons of that sort become difficult if not worthless. Still, taking these latest figures of the yield per acre, as they have been given out this week, the first step in attempting an interpretation is obviously to apply them to the latest cotton acreage revision of the Department. We say obviously because the Department has stated in making up the acreage percentages for the 1895 plant­ing (see the printed June report) that the 1894 revised statement is to be used with those percentages for determining the current year’s acreage. It will be remembered that the Government estimated a con­siderable loss of a ea in cotton this year as all authori­ties did. Its percentage of decrease for the whole coun­try was 14-8 per cent. We made it less than th at; but- taking the Government results and workiag them out as it directs, and applying to the year’s planting thus- obtained the present figures of yield per acre, we have the following full exh ibit:

[Y o u L X t

-—A gr icu n 'l i D ep a r t in 't .—, ,------O ur D ed u c t io n s .------- .A cr e a g e Y ie ld p e r a c r e T ota l y i e l d i n I n b a le s o f

S ta les . f o r 1995. N ov. 1 ,1895. p o u n d s . 430 l b s . n e t . .N, Carolina.......... 1,050,183 168 lbs. 176,430,741 367,564S. Carolina.......... 1,814,728 141 “ 255,878,648 533,081G eorg ia ................ 3,069,323 152 “ 466,537,096 971,952F lorid a ................. 191,540 148 “ 28,347,920 59,058A labam a.............. 2,371,726 135 “ 320,183,010 667,048M ississippi.......... 2,487,119 160 “ 397,939,040 829,040Louisiana.............. 1,142,568 177 “ 202,234,536 421,322T exas................... 5,826,428 151 “ 879,790,628 1,832,897Arkansas ............ 1,186,655 183 “ 217,157,865 452,412Tennessee............ 712,763 181 " 129,010,103 268,771Indian Territory.. 212,347 207 “ 44,059,329 91,790M issouri....... . . . . 47,772 207 “ 9,888,809 20,602Virginia................. 44,623 199 “ 8,879,977 18,50UOklahom a............ 26,092 207 “ 5,401,014 11,252Kentucky.............. 8,243 207 “ 1,706,301 3,555Kansas.................. 168 207 “ 34,776 72

Tola1 ..............20,192,778 155-61bs. 3,143,479,826 6,548,916It will be seen on examination of the above that the,

total indicated pnduction on the bans of 480 pounds net per bale (a fair average weig t for the current, crop) is 6,548,916 bales.

■November 6, 1395,] THE CHRONICLE. 851At this point of the investigation another factor has

usually been made a feature of the calculation by prac­tical men. That is to say met chant3 and brokers in search of the true meaning of these November returns o f yield per acre have found it necessary to modify the results reached in the above manner by a con­dition of the Governments figures which exper­ience has proved wa3 a characteristic. We refer to the average under-e3timate which these results com­pared with the actual yield have in pa3t years recorded. This should be taken into the account as well as the figures themselves. Any honest conservative observer looking at a crop on Novem­ber 1st when a part of the crop mu3t be still in the fields, not yet even fully picked, would Daturally seek to keep his estimate at least no higher than the prospective out-turn, and hence would be likely to err in making his figures too low. The existence and in­fluence of such an inclination has proved itself by the experience of past seasons, and we have always consid­ered this feature as an evidence of the conscientious­ness of the observer rather than a3 proof of the unreli­ability or defectiveness of the report.

This point may be illustrated bv last year’s November report. On the baas of the Department’s acreage figures made public in October 1894, and of its No­vember 1894 estimate of 191 *7 pounds per acre, the in­dicated yield as worked out by us when the figures were issued was 3,801,118,407 pounds, or 7,958,616 bales of an average net weight of 478 pounds; as the crop turned out to be 9,893,766 bales here was a diver­gence of about 2 million bales. Even if we should use the still later promulgated acreage estimate, the re­ported yield per aero November 1 1894 would even then indicate a crop about a half a million bales short of the actual result. Just the same condition is true of pre­vious years. The November report in 1893 showed a jie ld per acre of 148*8 lbs, whereas on the Government acreage the year’s yield turned oat. to have been 182 lbs. per acre. la November 1892 no report was made pub lic; but in November 1891 the Department’s yield per acre was given at 179 lbs, whereas the year’s actual crop indicated 208 lbs. We might cite the rec­ord for still other years further back, but they all re­flect the same condition which observers have noticed existed and have made allowance for in interpreting tbe November report.

There is one comparison, however, and that is with 1893, which is especially interesting because all the data to be used in making it are taken from the recent work of the Department. The reader will recall the fact that the Department’s first revision of acreage was for that year's planting, and was prepared after long mouths of labor. Hence, not only are we justified in accepting its revised statement for that 3 ear, but we are forced to accept it as tbe standard for the year in comparing that year’s figurea with subsequent figures issued by the Department for subsequent years. We have consequently brought together all the facts effect­ing the proposed comparison in the following compila­tion for the reader to study.

.-------------Agricultural DeparlmenCt------------ -E tH m ated E it i m a t e d K iC d y i e l d p e r a c r e .acreage for crop in Sot. m paundt.

1*93. 1893-94. 1895. 1893.Worth Carolina............ . 1,180,000 400.000 168 174So«th Carolina............... 1,835,000 630,000 141 1430«or«l» ........... 3,050,000 1,000,000 152 136IHortS* ........................... 105,000 55,000 148 82AUhamo......................... 2.318,000 910,000 135 149

...................... 2,845,400 1,080,000 100 113Is«ll*ian».......... 946,COO 473,000 177 175

A g r i c u l t u r a l D ep a r tm cn C sE s t im a ted E s t im a t e d MsVd y i e l d p e r a c r e

a c r e a g e f o r c r o p i n N ov. 1, i n p o u n d s1893. 1893-94. 1895. 1893*

Texas.......... ..... .............. . 4,153,760 1,997,000 151 151Arkansas.............. . . 1,867,250 679,000 183 174Tennessee........................ 805,920 276,000 1S1 133Indian Territory............ 130,000 60,000 207Virginia, ) 199 152Missouri and all other 1 130,670 43,000 207States............................. I

T o ta l........................ !9,525,0C0 7,493,000 155-6 143-334,211

Actual crop....... ............ 7,527/211We have not added anything of our own to the fore­

going except the few figures at the bottom of the Statistician’s statement cf the year’s yield of cotton to make that total conform to the actual commercial crop. The reader will see at a glance the nature of the com­parison suggested. Taking the total results the fac­tors in it are

On the one hand ( 1) a planting in 1893 of 19,525,- 000 acres, (2) an estimated production of 148*8 pounds per acre, and (3) an actual crop of 7,527,211 bales.

On the other hand ( 1) a planting in 1895 of 20,192,- 778 acres, (2) an estimated production of 155*6 pounds per acre, (3) the actual crop, allowing the same per centage of under-estimate in 1895 as in 1893.

The problem and its solution may be stated as follows: If 19,525,000 acres produced 7,527,211 bales in 1893

on an estimated production of 148*8 pounds per acre, or 23 85-100 per cent more than the estim­ated production indicated, Then

20,192,778 acres on an estimated production of 155*6 pounds per acre should produce 23 85-100 per cent more than the amount which that yield per acre would net (that is 23*85 per cent more than 6,548,916 bales), which would be 8,110,832 bales.

We do not by any moans intend to bo under­stood as indicating that wo think the Department’s estimate, 03 just modified, is a correct forecast of the crop. Our purpose has been not to reflect our own views but simply to give what may be taken as a fair interpretation of the Goverumeaterop report issued this week.

TURKSV AND THE GREAT POWERS. Petiodically Turkey will get sick iu spite of all the

care which is taken of her; and her sickness is always more or less a cause of anxiety to her European physi­cians. It is really wonderful the care which has been bestowed upon her. For the best part of the last hun­dred years she has been in a chronic condition of co l­lapse; but by nursing and the] judicious application of whoiesomo remedies she has again and again been brought into a condition of convalescence, and so ob­tained new leases of life. She is now once more in the hards of the doctors; and it is hardly unfair to say that her case rarely, if ever, looked more desperate.

All our latest news is fitted to inspire anxiety as to the immediate future of the Sultan and liis empire. At any moment we may learn that he has been de­prived of power or more roughly put out of the way. His government seems to be powerless. Outside of Constantinople and beyond the immediate neighbor­hood, insurrection, aggravated by race and religious hatreds, and accompanied by the most horrible brutal­ity, is more or less general. In Armenia and along her borders, and along the eastern shores of the Black Sea, Mussulman fanaticism has been aroused to the highest pitch, and tho Christian subjects of the Porte where

852 THE CHRONICLE. [ Vol. LX1.

• hft?o not boon goaded into madness and com­peted to arm themselves in self-defense have bad to submit helplessly to Turkish brutality.

In the circumstances one does not wonder that the voice of the venerable Gladstone, although no longer the same voice which rang over Europe denouncing the Neapolitan Government in 1850, and arousing general indignation against the atrocities perpetrated by Turkish officials in Bulgaria in 1875, should be again raised, calling for the abandonment of this obsolete and hopelessly incurable Eastern State to its /ate— charac­terizing it not unjustly as an excrescence and a curse. The Powers have been naturally slow to act; it did seem for a time as if those who were most immediately responsible were remiss in the performance of their duty. By the treaty of Berlin Great Britain came under obligations to protect Armenia and the Arme­nians; and many have been under the impression that it would have been better, all things considered, if battalions and iron-clads had at an earlier stage taken the place of manifestoes and recommendations.

On. such occasions, however, the public is liable to judge rashly. Outside of government circles men are rarely, if ever, in full possession of the facts. Suffer­ing on a large scale makes appeals which are apparently irresistible or which it is supposed ought to be irresist­ible ; and inaction on the part of those who have power Co interfere and save has the aspect of indiffer­ence. We know now that the Powers have not been unconcerned— that they have neither been inactive nor indifferent. Interference was beset with great difficulty. It was necessary in the first instance to call the Sultan’s attention to the facts of the situation, to use persuasion, and threats when persuasion proved in­effective. It was necessary to place some reliance on the Sultan’s promises. And even when it became manifest that armed interference was about to become a necessity, it was in the last degree desirable that caution be exercised so as to avoid giving offence to any one or more of the treaty Powers. Civil war in Turkey would be bad enough, but a general European war, conducted partly for the purpose of securing shares of Turkish territory and partly for the recon­struction of European boundary lines, would be infin itely worse. It was necessary above all things that the Powers act in corTcert.

For a time it did seem doubtful what shape inter­ference would take, if interference became actually imperative. The situation in the Par East had assumed features which made it difficult to foresee how far Kuesia and Great Britian could be induced to act in concert in the Nearer East. Might not the apparently aggressive spirit held in check off the coasts of Corea break out on the Bosphorus and in the Black Sea ? Was it not possible that Russia might seize the oppor­tunity to force her way into the Mediterranean? Doubts were also possible in regard to Prance ? Her relations with Great Britain have not been for some time of a particularly friendly character. Might she not seek an opportunity by acting in concert with Russia to avenge herself for imaginary wrongs in Egypt ? Hsppily we have now good reason to believe that all such doubts and fears have been removed, and that there is a perfect understanding among all the powers as to what shall be done if armed interference should become a necessity, and actual occupation of Turkish territory should take place.

Lord Salisbury in his now famous speech at the Man­sion House on Saturday evening last effectually cleared-

the political atmosphere of all mist by making plain the real condition of the Turkish empire, the inability or unwillingness of the Sultan and his ministers to carry out reforms now imperatively demanded, and by de­claring the absolute and unqualified concord or the Powers, both as to what is being done and as to what S to be done, if persuasion and threats should prove

< qually ineffective. The speech of the Prime Minister had in it many points of commanding interest. It was just such a speech as we had expected of him. Pa wisdom was perhaps its most pronounced characteristic. That it should reveal something of British pluck and fearlessness was most natural in the circumstances. Speaking of the Par East, he gave courage to his audience when he said : “ Dependupon it, whatever may happen in that region, be it in the way of war or in the way of commerce, we are equal to any competitor that may be opposed to us.” But wisdom is conspicuous throughout. There is a Power, he reminded those about him, higher than all treaties,, all combinations, all earthly instrumentalities, and that is Providence. “ Constant misgovernment must lead the government that carries it on to its doom.” The governments, however, that united formed the treaty Powers knew their duty. What they would do if they were compelled to act it was not for him to say; but it was with pride he was able to state that “ throughout the negotiations nothing was more strongly impressed upon his mind than the disposition of the Powers to act together, and their profound sense of the appalling danger any separation of their action might produce.”

It is not safe for us to predict where Lord Salisbury prefers to be silent. There is, however, a natural course to be followed. Austria is likely to have charge of whatever lies to the west of the Dardanelles and the Bosphorus. Russia will take charge- of Armenia and the country adjoining to the south and east of the Black Sea. Prance and England aided probably by Italy and Austria, so far as ships of war are concerned,, will take charge of Constantinople, not necessarily by occupation. That such interference will have a damag­ing effect upon Turkey there can be no manner of doubt. It is reasonable to assume that it will lead to further dismemberment. This, however, belongs to the future. In the meantime it is gratifying to fiad a man like Lord Salisbury rejoicing in the eoneord of the Powers, and finding in such concord encourage­ment to look forward with confidence to a discontinu­ance of “ that armed peace which presses now so heavily on the industries of the world.”

THIS CORN YIELD.The Agricultural Bureau at Washington has this

week issued its customary statement, giving among other things the yield per acre of com in the different States and for the whole country. The statement is accompanied by the usual qualifying remark that the present figures are to be regarded as a preliminary and not a final estimate of the yield. But the results must have been worked out very minutely for all the States, otherwise it would not be possible to give an average for the entire oountry. Hence we seem justified in re­garding the estimates now submitted as a pretty close- approximation of wbat the Bureau thinks its final figures are likely to be a couple of months hence.

The chief feature in the return is that it makes the aggregate of the production of corn smaller than ap­peared likely from the returns of previous months..

Novejibeb 16, 1896,] THE CHRONICLE. 853Applying the yield per acre to the acreage planted in corn, aa reported by the Bureau earlier in the year, we get a crop of 2,156 million bushels. This is abauc 200 million bushels less than what the probabilities seemed to point to in October. It is also that much less than the estimates of reliable private parties at the present time, for they all fix the crop as being between 2,300 and 2,400 million bushels. But whether the aggregate is 200 or 300 million bushels larger or smaller is, on the whole, a matter of very lit ­tle consequence. The important fact is chat the crop is decidedly the largest ever harvested, and is, roughly,1,000 million bushels in excess of that of last year. In the following we show the indicated production for the leading producing States in 1895 in contrast with the estimated yield for previous years.

CornIndU'tttd

itm .

Pro­duction.

14*4.

Pro­duction.

i§#3*

Pro­duct ton.

1993.

Pro­duction.

1801.

lo w * ,.............lituhtu. FPmM a.

81,344*10Fimkd*.» U » X 1 5 0

JhuhcU.300,821.000

Bu*hd*.350,878.000

Illinois.............. *55,143,000 100,121.401 160,330,47 i « .w ,o o o 2.4-4.880.000Strum*............. 2O4.75X000 U.7S7.72S iaM M .702 H5.S25.0UO 141.^ 3,000MI**/,art ____ m eo& ooo 116,01**634 138,197.713 1&MS9*OOQ 303.il 0.000Jtabr****..,. m a& i.o oo 13jDS&6'J4 157.278.W& 157,145*000 167^53.000Indiana------ i s u a s j t t o 9 6 3 ^ * 7 7 103,334,000 i33.A23.000O hio ....... . W3.7S0.9C9 71.978,737 64.4A7.aee 88353,000 94,0*2.000Tax**.. lQ7«V?rO)Q 09,238,1*76 01*170 J0A5 73.A4a.000 70.625,000T«an«**»««...... 83,130.000 aa.eta.d-tt 6 ! ,$74,000 83,553.000Btatitaekj . ... SK*>*3.tX*> 68**05,000 83.795,000P ennsylvania.. 43.4Al.0O> 40.7*9.379 81.198.741 3S.63a.-K>> 46,527.000A rk an sa s----- 50i»>.000 S8.437.8t 4 3t,U0,H| 4 54*544.000 43.4t5.000W lfloenatn___ 33.UM.0uc' IA.t8S.3i** 37,347.000 29,718.000M !ehi*»n------- 81*757,4*7 23,*18,O0O; 31,133,000Mljmo*',-'*....... 34.133.000

T ota l............ 1.&23/749.MO0 £32.453,065 l.*4SU*>A7* l 1.773.628.000A il others . . . . 333.ftlfl.0C0 £*7,816,000 336,426,000

T otal 11 . » ..... M jm um jm t ix iB .rn .o o . (.4tB.4M.llU' I.OM. 164.090 *0MllM3WO

The foregoing furnishes some strikiug contrasts illustrative of the great difference in the crop situation this year and last. In Iowa we have a crop of over 298 million bushels as against only 81 million bnshels in 1894, in Kansas 204 millions against 42 millions, in Illinois 255 millions against 169 million bushels. In Nebraska the drought greatly impaired the prospects, bnt even there the estimate for 1895 at 126 million bushels is vastly better than the yield of only 13 million bushels in 1894.

The figures for the Southern States possess consider­able interest in view of the reduced cotton yield in those States. On the whole they bear out the accepted reports that there has been an excellent crop of grain in that lection and that this will serve as aa offset to the loss in cotton. Thus for Texas the corn crop is estimated at 107 million bushels against only 69 million bushels last year; for Arkansas 50 million bush­els against .38 million bushels; for Tennessee 83 million bushels against 68 million bushels; for Kentucky 93 million bushels against 67 million.

Besides the yield of corn per acre, the present re­turn also furnishes the estimated yield for some other crops— in addition to those given in the October re­turn. It is worth pointing oat that these crops, too, show in several cases an exceptionally large product per acre. Tde following are the figures for a series of years.

AVBRAO* TIBI.D PER A CBS.1395. 139*. 1893. 1893. 1891. 1890.

Com. .................. feasbeU. 26-3 19-7 32 8 22 * 26 0 199................................... . 20 1 18-1 14*7 1*1 15-3 145Potatoes. .............. do 100-7 62-3 72-2 62-0 93-9 57-5T o M w ................pound*. 7*3 0 733 0 695-3 682-0 748-0 718-0n » y ........................... tono 1-06 1-15 1-32 1 17 1 18 1-20C otton.................ponnd*. 155-8 191-7 148 8 1790 1870

It will be B een from the foregoi ng that the yield of potatoes for 1895 ia the best of all the years, that this is true also of buckwheat, that in the case of tobacco

and corn the 1895 averages are close up to the best, and that only cotton and hay fall decidedly behind in their averages.

RAILROAD GROSS EARNINGS IN OCTOBER.The October statement of railroad gross earnings

is by far the best we have yet had in the present up­ward movement, and in this reflects the improvement in conditions— the large craps, the revival of business activity and tie heavy grain movement. Oar state­ment is very comprehensive, and embraces 139 roads operating 104,008 miles of line. On these the gain is over 34 millions dollars ($3,524,772), or 6 ‘59 per cent. Out of the whole 139 roads, only 37 have fallen behind in their earnings, bat among these there are qaite a number where the decrease is very heavy.

But here again we see reflected the prevailing condi­tions, for there is a certain large section of the country where these conditions have been in one particular ad­verse. We refer to the South and Southwest, where the cotton crop is short and where at the same time sane of the planters have been holding back their cotton for higher prices, thu3 causing a great falling off in the movement of the staple. The shortage of the crop is most pronouuced in the Southwest, and more particularly in Texas, and therefore the roads in that seotion record tho heaviest losses ia earnings. There is still another rea«on for the large losses in these cases; the Southwestern roads last year had (mainly became of the very heavv cotton traffic then) in many instances reported the largest October earniDga on record.

As indicating the extent of tho falling off in the cotton movement the present year, we may note that the receipts of cotton at the Southern outports in October 1895 were only 1,174,023 bales as against 1,575,651 in October 1894, a decrease of over four hundred thousand bales. In addition the'shipments overland aggregated only 206,093 bales as against 271,- 027 bales in 1894, thus showing a further loss of nearly65,000 bales. The bulk of the falling off at the ports occurred at Galveston and New Orleans, the points receiving cotton from tho Southwest; but that the falling off has been general is evident from the follow­ing statement, giving the receipts for each of the sev­eral porta.RECEIPTS OT COTTO* AT SOPTIIKRN PORT* IH OCTOBER ASH PROM

JASDART 1 TO OCTOBER 3 1 , IS 1 9 9 5 , 1 8 9 4 ASU 1 8 9 3 .

Ports. October. S in ce J a n u a r y 1.1906. 1894. 1893. 1895. 189*. 1883.

G*1 Teuton ...............bales. 997.7*9 3W.53I 856,818 783,734 781,682 500,61016,; wo 10,8*0

684.4670,479 47,149

1,426,59632.531

1,288,21433,091

1,088,877Sew Orleans................... 40X035 406.690Mobile....... ........... 49.716

3 99348 590 43.151 139,811

12.048548.96(5

12 ,00115,775

004.311

103,13311,776

518,1813,762

260,0834,323

25,138Savannah....................... 304,881Bran* wick. Ac.......... *4.303 33.118 16.486 74,003 >0.889 80,365

Chari e*ton...................... 72,639 96.461 103,451 210.853 205.945 180.430P ort R o ya l. Ac.................. 8.V83 13,336 13,994 M.4I4 62.337 14,097

Wilmington.................... 50.676 78,559 50.953 103,711 130.154 88,188Washington. A c .......... 156 n o 63 316 6.863 247

Norfolk........................... os.ss? 79,501 101,658 *23,609 348.985 217,000West Point. Ac............ 41,201 54,246 43,231 140.688 148.255 80,242

Total.......................... 1,174.023 1,575.551 1,299.918 33*3,205 3.67S.002J2,006.532

East of the Mississippi, a3 the diminution in the cotton movement has been smaller than elsewhere and has been offset by gains from the revival ia general business and from the activity in the iron sections, there are no such conspicuous losses in earnings as west of the Mississippi and in fact there are very few losses of any kind. In the Southwest, among the roads re­porting, the Texas & Pacific has $226,570 decrease, the Missouri Kansas & Texas $175,472 decrease, the Inter-

rHK CHRONICLE, [V o l . L X I.

& CM

1 6

Northern #123,908 decrease, uie Atohi- \ 'crease and the St. Louis Southwestern ase. The Atchison decrease is entirely losses on the Texas lines, the Gulf Colo-

i Fe division having sustained a decrease

\y0 have givon first place to these losses because they are a prominent feature of the situation this time. But of course our tables comprise vastly more gains than losses, and the gains are also vastly larger. In some cases indeed these gains reach phenomenal amounts, as witness the increase of *860,968 reported by the St. i' n!, making the October earnings of the road the largest on record with the exception of October 1893, when the passenger business had been raised to excep- tioniil proportions by the closing of the World’s Fair. The Burlington & Quincy and the Chicago & North Western figures have not yet been published, but pre­sumably these roads also will show very large gain?. The Great Northern reports *371,637 increase, the New York Central *319,074 increase, the Northern Pacific *313,626 increase. Even such a comparatively small road as the Burlington Cedar Rapids & Northern has enlarged its earnings *229,217. The Illinois Cen­tral has *211,684 increase, the Mexican Central $179,- <J&7 increase, the Wabash $141,923, the Southern Rail­way $11*9,086, the Missouri Pacific $127,073, the Rock Island $123,645, the Baltimore & Ohio $87,605, the Louisville & Nashville $87,099, &c., &c. We get a very good idea of the character of the exhibits for October from the following summary of the principal losses and gains, the statement giving all the changes down to*30 000.

PRINCIPAL CHANGES IN G R O S S EARNINGS IN O C T O B E R .I n c r e a s e s .

elite. Mil. Jc St Pnul. .. $860,f)6SG t. Northern (3 r’ds). . 371,637N. Y. Central............... 349,071Northern Pnelfle........... 313.626Burl, ced. Haps. & Nor, 229,21.7Illinois C e n tra l............. 211,684Mexican Central............ 179,997Wabash.......................... 141.923Southern R ailway......... 139,086Mo. Paotfo...................... 127,073Chic. Rook. r. & T a o .. . . 123,645Palt. SiOhlo (2 rd e )___ 87,605Louiav. Nashr............ 87,099Chlo. Great Western.... 80,294Canadian Pnottlo........... 79,032Denver A Rto G r............ 64,300 I

le * O h io ............... 58,234 18t. Paul A Dill............... 52,722Chle. & Eaat Ills ........... 47.019S T M h V .O iat.iS tL .. . 44,816Tol. 8t. L. A Kan. City . 43,321

I n c r e a s e s .Clev. Cin. Chic. & 8t. L. $38,124Louisv. Evans. & Sfc. L.. 37,379Iowa Central.................. 35,917Louisv. N. Alb & Ohio. 33,473Kan. 0. Mem. & Birm.. 33,018Clies. & Ohio.................. 32,746Lake Erie & Western... 31,931

Total (representing 31 roads)................$3,934,990

D e c r e a s e s .Texas & Paeifle.............. $226,570Mo. Kans. & Texas....... 175,472Int. & Gt. Northern — 123,902A toll. T. & 8. Fe.<3 r ’ds) 87,000 St, Louis Southwestern 71,659 Buff. Rooh. & Pitts....... 34,952

Total (representing 8 roads)................. $719,555

Of course the basis for the heavy gains in earnings is found mainly in the excellent grain crops and the large and free movement of the same. At the Western primary markets the expansion in the grain movement hfis extended to all the leading cereals, the receipts of wheat for the five weeks ending November 2 having been 39,201,172 bushels against only 23,506,943 bush­els, of corn 12,330,212 bushels against 4,8-23,648 bush­el?, of oats 22,692,069 bushels against 9,041,378 bush­els, of barley 8,400,890 bushels against 7,364,890 bushel?, and of rye 704,510 bushels against 285,588 bushels— making a grand aggregate of 83,328,853 bushels for the five weeks in 1895 against only 45,022,447 bushels in the correspondingfive weeks of 1894, thus giving an addition of over 38 million bushels. But while there has been this tremendous increase and while it has extended to all the cereals, several of the points show a falling off in one or more of the cereals. Some of the winter- wheat points have diminished receipts of wheat, but this is of course due to the small winter-wheat crop the present year. The movement in detail injour usual form is shown in the following.

RECEIPTS OF FLOOR AND GRAIN FOR FIVE WEEKS ENDING NOVEMBER 2 AND SINCE JANUARY 1 .

Flour, j (bbls.) [

W lu it, (bush.) ;

Corn , (bush.)

Oats,(bush.)

Bariev,(bush.)

Bye,Qnuh.)

Chicano— w ks. Oot., 189.

5 wks. Oct., 189> S ince J a n . 1, 1897' S in ce J a n . 1 ,1 8 9 :

341,195433,009

2,385,15«3,(132.407

6,24«P991.899,289

12,683.88123,599,811

8,535,2572.989,35

49,241,24855,380,586

15,165,2315.103.127

06,937,56656,503,393

3.436,971 2.713.952 9,975,929

10,127,SSI

277,837 122,012

1,348,7 20 1,069,964

Milwaukee—5 wks. O ct., 189B 5 wkvS. Oct., 189-1 S in ce J a n . 1,1851 SI a ce J a n . 1,1894

834,670185,100

1,698,88"1,894,109

1,887,070925,033

7.252,3846,557,542

90,^50 If 4,650

1,041,900 1,309,700

1,098,000549,000

7,204,0756,099,750

2,S5S,675 2 , ! 12,470 7,330,762

10, L 5 7, C 60

169,575122,610802,216810,504

3t. Louis—5 w ks. Oct., 1895 5 w ks. O ct., 1891 S in ce J a n . 1,1897: S in ce J a n . 1,1893

135,570 ] (55,730821,33*

1,104,413

1,089,780007,236

8,773.8018,908,580

385,280 459J10

5,9 <8,4 80 2" ,452,084

1,992,4901,095,8708,796,0308,765,073

001,254564.833

1,282,2621,249,307

73,4166,700

155,278117,882

Toledo—5 w ks. Oot., 1895 5 w ks. Oct., 1894 S in ce J a n . 1 ,1895 S in ce J a n , 1 , 189i

8.19212,52550.98978,757

692,700977,400

0,548.18314,721,900

1,104,80055,800

4,578,9752,793,000

100,7f0 32,500

479,2-11 10C,?00

4,2001,4(0

74,4009,000

15,20010,400

135,200181,400

Detroit—5 wks. O ct., 189f> 5 w ks. O ct., 1891 S in ce J a n . 1 ,1895 31 nee J a n . 1 ,1891

18.78010.400

125,419127,500

373,394417,491

2,373,9534,314,43*

121,819107,757

1,455,0571,719,679

241.444 272,739

1,551,56 7 1,687,42--

111,452271,410349,785617,056

. . . . . ..

Cleveland—5 w ks. Oct., 1895 5 wks. O ct., 189J S in c e J a n . 1 ,1895 S in ce J a n . 1,1894

4,850121,200219,20•101,34

288,903350,891

2,279,3891,015,135

42,46690.193

796,406548,108

202.3092ri8,708

1,450,4461,580,487

5,32554.806

109,67595,135

::::::::Peorta—

5 w ks. Ocfc., 1895 5 w ks. Ocfc., 1894 S in ce J a n . 1 ,1895 S in ce J a n . 1 ,1891

20,25028,05'

279,881223,95"

183,40093.000

850,05'1,050,550

2,003,340891,150

11,717,61511,014,22-

3.55*,900 1,005,40"

16,974,250 12,653,400

389.9G0415,300

1.209,1001,172,900

21,60019,80084,600

109,200Ouluth-

5 w ks. Oct., I89i 5 w ks. Oct., 189 S in ce J a n . 1 , 1S9: S in ce J a n . 1.189-

712,05" 893,519

3,289,76* 4.003,541

10,748,5247,205,12

32,300,89:-22,712,28*

225,641 938,113 146,852

171,010213,89785,903

930,0291,410,8751,374,995137,552 480,856 1,867

M inneaoolis— o wks. Ocfc., I89f 5 w ks. O ct., 189J S in ce J a n . 1 ,1895 S in ce J a n . 1,1891

Kansas C i t y —

10,151.291 10.742.40" 4-5,009.47 0 44,060,910

1,038,306282.489

2,279.49'3,8*3,86'

38,36010 .65" 700,325

1,453,329

2,040

..............

53,2945 w ks. O ct., 1894 S in ce J a n . 1 ,1895 S in ce J a u . l , 1891

23,08J91,31<355,973

80,14384,278

382,542.........

Total o f a l—5 w ks. O ct., 1895 5 w ks. O ct., 1S94 S in ce J a n . 1, J895 S in ce J a n . 1 .1894

1,584,537 1,850,493 *.909,194

11 958,151

i 39,201,172 23,506,943

; 121,957.5 2 130.626,018

12,330.31* 4,823,618

75,701,376 95 .lt 4,231

22,692,0699,041,378

10326401289,247,278

S.400,89( 7,304.890

21,852,788 24.803,53t

704,510285,538

2,697,0242,290,817

Chicago gained beyond all ocher poin-s from the large grain movement. But even at that point there was considerable irregularity in the movement over the different roads; the deliveries of winter wheat evidently were much smaller than in 1894, but the receipts of spring wheat were decidedly larger. The relative pro­portions in which the two classes of wheat have con­tributed to the totals may be judge! from the fact that the inspection of winter wheat at Chicago during Octo­ber 1895 comprised only 645 cars against 8,106 cars in 1894, while on the other hand the inspection of spring wheat was 7,834 ears against only 56 cars. From the following table giving the receipts for the even month, it will be seen that the grain deliveries altogether at the point mentioned reached 30,634,810 bushels in October 1895 against 12,178,706 bushels in October 1894. In 1892, however, the receipts h id been over 35|- million bushels. We may say that the movement of live stock was also much heavier than in 1894, the receipts of hogs having been 859,941 head against only 629,879 head, and the receipts of all kinds of live stock having been 29,843 car-loads against 28,098 car loads.

RECEIPTS AT CHICAGO DURING OCTOBER AND SINCE JANUARY 1 .

October. Since January 1 .

1895. 1894. 1893. 1895. 1894. 1893.

W liea t.b u sb , 5,569,224 1,737,258 3,568.847 12,158,150 23,455,779 29,949,394Corn. ..b u sh . 7,700.822 2,733,166 11,758,407 48,e62,01l 55,152 542 74,048,570O a ts . , b u sh . 13,963,331 5,174,452 9,673,747 65,254,399 50,199.691 70,310,490R y e ., .b u sh . 257,007 120,092 161,035 1,321,890 1,008,014 1,277,513S a r ie y .b u sb . 3,114,426 2,413,738 3,067,929 9,751,688 9,824,177 9,487,143

T o ta l g ra in 30,634.810 12,178,706 28,229,905 137,148,138 145,700,203 185,008,109F lo u r ., bbls- 318,751 376,499 352,513 2,366,972 3,574,897 3,842,160P o rk ,...b b ls . 1,399 480 402 8,902 4,386 5,277O utm ’ts .lb s . 11,911,074 12,366,789 9,554,304 130,054,684 112,274 654 98,835,219L ard— .lb s . 3,533,384 2,577,746 1,481,195 39,727,57S 52,484.453 40,550,195L iveh ogsN o- 859,941 629,879 504,746 6,106,829 5,811,250 4,873.847

As in the previous month quite a number of roads suffered from causes or influences peculiar to them­selves. This is particularly true of the bituminous cial roads, where in certain cases strikes continued a dis­turbing influence part of the month. The strike in the Reynoldsville district affected adversely the West-

>OVEMBEJt 16, 1S0O.] THE CHRONICLE 855era New York & Pennsylvania, the strike at the Congo mine restricted shipments over the Columbus Sandusky & Hocking and the strike in the Massillon district, which was not settled until the 28th, redaced the earn­ings of the Cleveland Canton & Southern and some other roads. Some lines, too, suffered because of the scarcity of Lake vessels, which made it diffi rlt to un­load the cars.

We have stated above that out of the 139 roads con­tributing returns to our statements only 37 had fallen behind in their earnings. We may supplement this now by saying that almost the whole 37 comprise roads which either had to contend with a smaller cotton movement or else havs suffered in one of the ways mentioned in the preceding paragraph. Of course in very many cases we are comparing with diminished earnings last year, the losses at that time, however, hav­ing resulted usually because earnings in 1893 had been so heavily swelled by tbe World’s Fair. In the aggre­gate our table last year, comprising 124 roads operating 93,144 miles, showed $2,766,969 decrease, and this came on top of #1,245,892 decrease in 1893. The following is a summary of the October results f ora series of years.

A i m i n g . Increase

Y ear(Horn,

f f t i rPrscsmna.

Year f e a r own. Precf.UnQ

o rDk n m .

October.ISttl (14? ro n d e l..........W ® '112 ro ad s)..........v m t m im d»> -------1894 (VM road*1405 (1*9 ro a d s ) . . . . .

HiUs.i x u m91.79596.*M94,14*

Wt/M.97.60*•0 .278o9 \ « 7

ioxm.%

» *SS.lMS.Mr.S ! .« » S . ‘ 6«,M T.«SSSI.1SS.LHS46,701.8 49.UHJM1 M .W .I H MAS©.371

1In c . 4,648.007In c . 037.015 / * « 1 ,946398 P .’c. 2,744.0^0 I n : . 3.581.778

J ** . * to tfct, J i . 1801 ( 1*6 ro a d s ) ,. . . . m » a » r o * M L . . 1893 . IMM |UI ro a d * ) . . . . . 1*96 <13* ro ad s)____

00,03d 89.491 01010 97. m

97.41088,176 00.114 94^10

10 *.498 1

4613+7,14- 434 .sm .94 l U u .%m M t m - a m j m j m i tn c * a .* w u i6 tv ifin / m osc . 3.210, jiq m p t 'K * * * Sftfillfifto D m M fi*fjS *9 *38,140 00 0 .4 ld .0 ld .5 4 l Inc .**,1*3.184

I; is almost needles* to siy that when the roads arearranged in gronpj, the Northwestern group makes decidedly the boat showing of any, t re 1895 earnings being in several casea the largest ever reacted; this app'ies notably to tbe Burlingtoi Gidar litp ds & Northern, the Great Northern and the M nusapolis & St. Louis. O j the roads embraced in the following table aggregate oaraings in 1895 are #10,049,036, against only #8,260,298 in 1894, an addition of over I f million dollars.

( t n n « i o r *o*T«trB»rBRst links.

October. MW®. 1894a ISOS. 1898. 1*01. 1*00.

• f 1 S ' i " 1■B ri.r«4 .n .a »<,. 639.213 409,900 084,088 477,60a 466.574 387.410One. at, w « t . . . VIJM O 391.6** 4)0.318 SjSUSHj 4*1.702 488.706Chifl.MH.4

Ullwan. A N o .. y SJftoX .948 U t u » \ 3,563.520,IM .tV )

3,476,656178,310

2,006.7:0190.000

Chic. a . I. A P*e. 1,740.705 ] .SI7.1V W is .w t 1,013,240 1.780.477 1,76.1.431Duluth 9.9.A All. 1*1,760 l**.?3l * e . m 201.140 232,<««Greet Northern.. t£ tM * § 8.147,967 1.977.089 t / m j m l<8H»9lft 1,514,050low* Central,..,. 104.V1I m m : 801^8 194,01* VM.e. * 180,44?Minn .A §t« Loot*. m j m *M»74* 9Q6JNAI 3iAS«3 170,3*2St. P .o l * Dalotfe 318.4 44 150.72* 104,9*0 241,400 847.611 173,013

T otaJ ............. 10,0*9.0 9.9)1.44$ 0,511.711 9.071.683 7,802,781

On the other hand, the S juthweatern group, for th i reasons already given, makes on the whole the poorest exhibit of any, the subjoined statement showing for 1895 the smallest earnings of any of the years.

» i * * m o * o r w iu t h w im t e r n o r -iu p .

OeSrStr. M B . 1894. 1803. 1802. 1*01. 1800.

• 1 » 1 f iA .T . AS. F..I $ jm ssn 4,011.602 4,f70J‘ 2 4,615.762 4,584.306 4,227,658Den. A Rio fir twjmo m . m M M 0 •Mum) 864.21* 872,180IttL * (it. Nr. 187.769 661.671 448.622 b U M li 619.184 472.307K C P.H.i X * *401,139 • *o6,*n 480,266 r 639.141 617.567 510.576Mo. K. A Tex 1.442,492 1,417.061 1,0*6.3741 1419^*19 LCS2,:07Mo.P.AIr.Mf 1JS' 6.000 MT*®17 m h t .ish; 2,im.3r:. 2.73 .218 2,453,482it , JtmJkGrJ, 71.7 m 75.782 eruvil I H f i l 100,691 103,500it . L. Southw. 6*1,000 6VI.8YO 831.778? 409.778; 577.267 190.967Texas A Pac 603.5*45 I.»a>,M3 *48.510’ 800^5221 006,531 861.405

Total. 10.741.3^6 11.241.721 11.018,338 It 732,2351 ll.u14.P9li 11.064.76 j

Southern roads have on tbe who'e fared much better than Southwestern roads, there being few that have failed to record an increase notwithstanding the reduced cotton movement.

EARNINGS OF SOUTHERN GROUP.

October. 1886. 1894. 1893. 1892. 1891. 1890.t 1 ? 1 * t

C hea. A Ohio.......... 003.628 870,682 831,421 901,39' 930,395 +705,738K an.C .M em .& B lr. <* 127.22*} a04,2b2 105.066 114,757 132,651 113,368L ou isv . A N ash y . 1,952.295 1,815,19? 1,649,552 2,038,153 1,963,028 1,788.020M em phis A C h a r .. 141,048 126,148 125,633 136.296 157.581 160.111M obile A O hio— 376,224 317.990 502,110 292,379 348.370 325.700N ash .C hat.A 3 t.L . 470,814 425,998 394.588 473,239 401.080 5358,065N orfolk A W e s t .6 018,430 •913,507 931,377 013,501 870,010 809,359S o u th e rn R ’w a y . . 1,068,933 1,529,647 1,685,54- 1.818.G3S 2,102,923 2,028,904

T o t a l . . ........ 6.859.102 6.443,770 6,026,391 6,787,848 7,006338 6,384,460a Figures here for 1895 am! 1891 are simply the totals o f the earnings for the

four weeks o f the month as reported in the weekly return ; the month's earn ­ings usually exceed tbe weekly estimates quite considerably.

6 Including Scioto Valley * N’ «w England and Shenandoah Valley for all the years.

t Does not include the KUsabetbtown Lexington A Big Sandy road in this year.

t Figures are approximate, same as for this year; actual earnings were larger.I Western A Atlantic not included In this year.

The east-and-west trunk lines, so far as we have returns from them, show moierate improvemmt. Tne small winter-wheat crop has been a disadvantage with several of them.

SARNINOS OP TRUNK LIKES.

October. 1806. 1804. 1893. | 1892. 1891. 1890.

« » ♦ « * *a. A 0 . 8.W Oh. A Miss,

J rfIl,0S8 605,727 j 227,055 * 850.281

241,5778*8,691

23 /OS 401.H58

210,555396,468

C.C.C.R8LL l.svump 1,351,066 1,201.503 1,263,071a .T .oI C*ni l / l « . » d i 1,631,647 1,725,878 1,680,780 1.635.804Cb.AO.T.l 2S3.H74 9M.ST1 680.085 287.00’ 284.731 306,477D.G.HAMi 86.W8 80.4 lh 05.657 j 103,126 114.638 101,050

N.Y.C.A BL+j 4,18>,304 8,836.310 4,350,294 t.2 ‘9,8(8 4,173,663 3,936.154W sb u h .... 1,116.73! i,trs,Mr< l .m .w s j 1,411,780 1.333.630 1,278,076

Total......! 0.376.776 8.8+3,642 10.1M. 127f 9.807,001 9,5.7.903 8,836.381* For four week* ended October M.t Includes Home Watertown A Ogden* burg for ell tbe year*.

Wnat apples to the eaat-and-weat trunk lines aim applies to the other roads in the Middle and Middle Western States, and it may be added that these roads likewise suffered most from the coal strikes and the other drawbacks already mentioned. This will ac • > i <. *. for the somewhat varied character of th# returns inthat group.

BARNoios o r m io o l r and UiDOLK WK6TSEK ROADS.

October. | 1*05. 1*04. 1803. i«»a. 1S91. 1800.f 1 • l f 1

duff. RxJCh.A P1U, 240,*10 2*4,7? 1 286,183 280,0*6 227,330Ohleatfo A East. 111. 401.112 354,003 4*0,172 415,231 858,636 342,807Chic. A Weat Mich. al«0,641 *158,457 100,901 105,467 170,43 150,366Col. El. V. A Tol. . 304,76-1 307,810 321,117 316.U0 l 335.485 336.147Det. Lansing A No. a0W,6O3 a ioc.^ y 111.266 128,829 130,266 117,312«yansr.ATerre U. 102.28* 85,680 182.427 116,316 105.700 08,46 3NlBt A P. M*rq— aw.016 216.068 8H.3S5 240,801 *6,8*6 254,042Jr.R *p.*tnO ........ m i » 227.124 226,621 291.4S2 *88.202 294.8861 lllnol. Cent ml.. . 2,053,198 1.* 11.811 C,66i*,Jl4 1,878.110 1,850,184 1,761,093Lake Krio A West. 824,90* 2P7.087 sts.cao 341.005 308.566 280,682Long Island........... 3*^260 3IS.763 832,600 851,198 327,166 831,3*4Lou.fSyans.A 8UL-! 166,420 129, >47 148.710 irs .su 160.244 142,1*12Louis. N.A. A Chic. 815,72c 282.24 357,421 300,670 272,412 200,261H. V. Gnt. A West. 360,4^ 853,766 368.821 306.460 293,037 210,028PttUbV A West’ll. 204.662 207.021 246,340 216,006 *00,007 210,113It. L. Alt. A T . II. 137,9d0 135,860 139,089 153,-40 J80.8C8 146,272Tol.Ann Ar.AN’ .M U n fit* 09,6 91,065 106,234 00,181 04,881rot. A o m o Cent.5 1*3.768 207,075 190,965 183,327 !*>.?!•» 182,379rol. V«K). 4 W «.L . 100,312 01,194 00,115 02,660 94,611 03,288ToLSL L. A K .c . *18040 174,710 146.905 221,720 187,440 154,219West, N. T. A Pa . 2O0.8oO 314.169 207.634 885,898 345.186 320,030Wheel. A L. Erie.. 129.618 134,014 136 020 136,003 120.001 110,820

ToUl ............. 6 *23,067 6,415,135 7.171,815 0.324,020 6,*-26.857 6.KW.S04a Figures here for IS7*> and 1891 arc dimply the total* o f the earning* for tho

four week* o f them .nth a* rep >rtod In tne weekly return*; tbe month** earn­ing* usually etc*ed tbe weekly estimate* quite considerably.

b Include* Toledo Columbus A Cincinnati for ail tho year*.

The two Pacific roads on the north make very satis­factory gains over a year ago, and the earnings of the Canadian Pacific are the largest of any Octolm in its history.

EARNINGS OP PACINO ROADS.

October. 1806. 180* 1803. 1892. 1891. 1890.

Can. Paciflc,,.... North’n Paclflo.. Hlo Gr. West*n...

«2.270,0002.733.767

251.100

$ .2,190.9682,4*0.181

23*1,360

*2,164,821*£**,339

226.050

f2,112,7632,948,286

246.868

*2,012,6022,003.366

263,161

*1.766,4472.022,820

107.2*2Total................. 6,267,867 4.849.* 49 4.618.110 5.307.017 6.219.01S 4,f80.4Sfl

856 THE CHRONICLE. fV oL. L X I.

iss EARNINGS AND MILEAGE IN OCTOBER.

Q ro»s E a rn in g*t f a m e o f R oan

4 t*h. T. A S. P e Sr*. . 8t. L A 8 .K ra a .i ip - • Atlantic Jk Pacific..

Atlantic a D a n v ille . Balt. A O.—JEuat.litHJ*

Wrat linca................Balt. A Ohio Southw. Blrm'ham A Atlantic Brooklyn E levated.. Buff. Koch. A Plttsb . Burl. 0*1. K A* No.. Canadian Pacific*. Carolina M idland. . . .dn'*»tH ‘aKO A O h io .. CbtuL 0 . A Ho. W ost’n. Cblo- A East Ullnois. Ohlo. Great Western. Chic. Mil. A 8t. Paul. Chic Peo.A Bt.Louis. Chic. R. 1*1. A P a o ... Chic. A W est M ich ... Cln. Georg;. A Porta.. Ctn. Jack. A Mack — Cln. N .O.ATeX. Pac.-

Ala. G t Southern.. N. Ori. N«>. East.* Ala A Viekab.. . . . .V. Shrcvep. V P ac.'

Clun. Portam’ th A Va. Clev. Canton A S o ... CScv. CUr.Ch.A St. L .. Clev. Lorain & Wheel. Colorado Midland Ool. Hock. Val. A Tol. Ool. Bun'ky. A H ook..Ooluhu A, Lake ..........Denv, A Rio G rande.. Det. Lan+g A North. Dill. So. Shore A Afcl.. Elgin Joliet A E ast.. Evanav. & Jndianap. Evauav. A Rlolnn’d . . Evansv. A T. H a u te .. Flint A Pore M arq... Ft. Worth A R io G r.. Gadsden A A ll U u ..G e o r g ia .............. —Georgia A Alabam a.. Ga. South. A Florida. Gr.Ranids A Indiana.

Cln. R ich. A Ft. W ..Traverse C ity.........Musk. G r.R .A In d ..

Gr. Tnink o f Canadat Chic. A Gr. Trunk.t D e tG r .H a v .A M iU

Gt. No.—8. P. M. A M. Eastern o f M inn ... Montana Central..

G ulf A Chicago.........H ouston E. AW .Tex. Hnm eston A Shen ..Illinois C en tra l........Ind. Dec. A Western. InternatT A Gt. N o .. Interoceanic (M ex.).tIow a Central.........Iron Rail w ay.........Kanawha A M ich . Kan.C. Ft. 8. A Mem.. Kan. C. Mem. A B ir ..Kan. City A N . W........

Kau.C.A Beatrice. . Kan.C.Plttsb. A Gulf. Kan. City Sub. B e lt.. Keokuk A W estern.. Lake Eric A ll. & So. Lake Erie A Western. Lehigh A Hud. River.Long Island................Los Angeles Term .... Loutsv. Evans. A St.L Louisv. A N ashville.. Louisv. N. A lb. A Chic Louisv. St.L. A Tex.* Macon A Blrmlng'm .Manlstiuue..................Menip. A Charlesfc’n .Mexicaii Central.......Mexican N ational.. Mexican R ailw ayt... Mexican Southern*..Minn. A St. Louis___Mo. Kaus. ATex.svs- Mo. Pao. A Iron M t..

Central Branch .. Mobile A BiroTgham.Mobile A Ohio.............Mont. A Mex. G ulf .. Nash. Chat. A St. L .. N. Orleans A South... N.Y.Ceu. A Hud. R iv. N. Y. Out. A W e st .... Norfolk A W estern. ..Northern P acific.......Ohio R iver...................Ohio River A C h ar...Ohio Southern*...........Peo. Dec. A E vansv. Pitts. Marion A Chic Plttsb. Shen. A L. E..Plttsb. A W estern___

PItUb.Clev. A Tol. Pi tub. Pa. A Fair..

Quin. Omaha A K .C .. Rio Grande South'n. Rio Grande Western. Sag. Tuscola A Huron S t Jos. AGr. Island..! S t L. Alt. A T. H ....! 8 t L. Kennett A S o .. 8 t Louis Southwes’n .

1895. j

$ • 2,975.625]

637,2461 321,731

52,1311 1,687,515.

555,500) 611.049!

3,042163,266249.819,639.213

2.27o,0006,696

903,633240,36-1

1894.

3,071,8371 661 .262 ! 278,493

51,483 1,635,5951

M 9.815 605.727!

1,654138,921!284,771409,996!

2,190,9637,220|

870,882!231.629

' I n c r e a s e o r D ecrea s e .

$—96.212 —34,016 +43,228

+648 +51,9*20 +35,68

+5,322 + 1,3

+ 24,345 - 34,952

+229,21 +79,032

-5 2 4 +32,746

+9,235 r-47,019

471.6S0 391,386 +80,294 9223,851.8**2 2,990,874 +860,968 6,168

90.069 85,783 +4,286 2221,740,796 1,617,150 + 123,645 3.571

160,641 103,457 +7,184 5756,592 6,667 -7 5 42

61,130 57,310 +3,820 345*211,000 206,000 +5,00 • 336173.109 156,003 + 17,106 295102,000 74,000 +29,000 .19540,000 39,000 + 1,000 14237,000 41,000 —4,000 18928,400 25,405 + 2,935 111

75,053 —10,696 2101,828,325 1,290,201 +38,124 1,850

158,975 143,148 +15,827 195175.00 304,766

99.8912,400

770,60099,603

182.769 131,395

3 0 ,1 1 711,966

102,289238,016

55,257940

174,45357,30682,326

183,61139,635

3,3889.502

1,616,261233,874

86,2322 /95 ,474

266,176157,954

6.89850,07411,500

2,053,49839.674

437.769 169,971194.814

4,30040,900

403,139127,22024,973

38255,11322,29439,239

7,986328,968

39,25132+260

7,337166,426

1,952,295315,720

28,7667.9905,890

141,948929,907416.519214,98329,710

235,9251,242,4922.142,000

3 1 /9 4376,224

93.000470.814

10.675 4.185.304

360,420 918,430

2,733.757 92,243 18,8731 48,380 8 <,912,

4,645 59,046

172,811 83,059 33.992 25,328 48,115

254.100 11,95271.769

137,9606,069

581,000

150,946307,810

98,1341,700

706,300100,899164,131107,164

23,95710,25085,686

216,96381,167

576|159,384

53,35180,882

175.42938.202

3,15110,342

1,631,697 206,571

89,418 1,767,377

223,772 156,8 L8

5,204 42,391 10.384

1,841,814 37,289

561,671 171,943 158,867

3,038 37,450

406,83194.202 24,518

1,030 41,668 18,291 31,402

9,143, 297,037

44,085 326.763

14.735 129,047

1,865,196 282,247 28,151

7,730 —983

126,143 749,910 397,574 232,173

23,804 220,205

1,417,964 2,316,131

62,795 3s,545

317,990 106,170 425,998

9,658 3,836,230

353,766 913,507

2,420,: 31 81,369 16,577 59,995 77,665

4,259 55.271

165,934 82,175' 48.912 23,276 *38,213

238,35012.429 75.262

135,8604,177

652.659

M Usage

1895.

6,4811,328

943285

1,309756921

2220

3341,1346,391

551,360

398521

+24,054 -3 ,0 4 4 +1,757

+ 700 +64,300

—1 /9 6 +18,638 +24,231

+ 6,160 + 1,716

+ 16,603 +21 ,053 -2 5 ,9 1 0

+364 + 15,069

+3,955 + 1,444 +8,182 +1,433

+ 237 —840

-1 5 ,4 2 6 +27,303 —3,186

+328,097 +42 ,404

+ 1,136 + 1 ,6 94 +7,683 + 1 .1 16

+211 ,684 +2,385i

—123,902 —1,972

+ 35 ,947 +1 ,262 + 3 ,4 o0 —3,692

+33 ,018 + 4 5 5 1 —6481

+13 ,445 + 4,003 + 7,837 —1,157

+31,911 —4,834 + 1 ,4 97 -7 ,3 9 8

+37 ,379 +87,099 +33,473

+ 615 + 260

4-6,873 +15 ,800

+170 ,997 + 1“ ,945 —17,190

4-5,906 +15 ,720

—175,472; +125,869,

+ 1,204 —6,751!

+58.234 —13,170! +44 ,816

+ 1,017 + 349,074

+6,654, + 4,923

+ 313,626 + 10,874

+ 2,296 —11,615

+6 ,247 + 386

+3,775! +6,877 + 5 ,8 *4

— 14,920 + 2.0:>2 + 9,902

— 177 -3 ,493 + 2,100 +1,892

—71.659

350329 272

221,657

334 587 182 156 102 167 637 146

11307265285436

862637

3,512335 189

3,72172

25662

19295

2,888152 825519 497

20173954276153 2o230

35148 61

72590

36050

3722,955

5371669744

330 1,860 1,219

321227370

2,0604,990

388149 687 388 902

652.396

4771,5674,495

215207226334

25183227

776i

134180520

67445239

201,223

1894.

6,4811,328

947285

1,309756917

2220

3341,1346.327

551,360

3985169 2 2

6,148222

3,57157542

345336295195142189111210

1,850165350329 272

221,657

334 593 182 156 102165 637 146

11307265285436

862637

3,512335 189

3,72172

25662

19295

2,888152 825519 497

20173916276153 35

23035

148 61

72590

36050

3722,955

537166 97 44

330 1,860 1,219

321227370

2,0234,987

388149 687 388 884

652,396

4771,5674,495

215207226334

25183227

7761

134180520

67445239

201,223

( f r o s t E a rm n a s . iMTilea i/eN am e o f R oad..

1895. 1894. I n c r e a s e o r D ecr ea s e . 1895. 1894.

8t, Paul <fe Duluth___$

212,444*

159.722%

+ 52,722 248 2488an Fran. & No.Pac.. 82,683 91,029 —8,346 165 1658her. Shrev.A South.. 46,189 54,312 —8,123 155 155Silverton..................... 9,150 8,147 + 1,003 20 20Southern Railway.. . 1,968,933 1,829,847 + 139,086 4,495 4,495Texas & Pacific......... 803,945 1,030,515 —226,570 1,499 1,499Tex. Bub. Val. A N’w. 3,450 6,189 —2,738 38 38Tol.A.Arb.&N. M ich. 103,028 99,606 + 3,422 307 307Tol. A Ohio Central.. 183,768 207,075 -2 3 ,3 0 7 368 368Tol. Peoria A West’n. 100,312 91,194 +9,118 247 247Tol. St. L. & K. City . 218,040 174,719 +43,321 451 451Wabash........................ 1,315,731 1,173.808 + 141,923 1,935 1,935West. N. Y. A Penn.. 309,800 314,169 -4 ,3 6 9 643 643West Va. Cen A Pitts. 107,122 93,322 +13,800 152 152Wheel. A Lake Erie.. 129,623 134,014 —4,391 260 260Wisconsin Central. . 427.855 432,381 —4,526 915 915Wrightsv.A Tennille. 9,724 8,185 + 1,539 35 35

Total (139 roads). . 56,984,143'53,459,371 +3,521,772 104,008 103,818* For three weeks only, t For four weeks ended October 26,

GROSS EARNINGS FROM JANUARY 1 TO OCTOBER 31.

N am e o f R oa d .

Atch. Top. A S. Fe Sys___St.L. AS.Frau. Sys..,.Atlantic & Pacific.......

Atlantic & D a n v ille___Balt. A O.—East, lines.

West. lines. Balt. AO . Southwest.,.. Birmingham A AtlanticBrooklyn Elevated........Bud'. Roch, A Pittsburg. Burl. Ced. Rap. A N o...Canadian Pacific............Carolina Midland...........Chesapeake A Ohio.......d ies. Ohio A Sonthw... Chic. A East’n Illinois.. Chic. Great W estern... Chic. Milw. A St. Paul.. Chic. Peo. A St. Louis.. Chic. Rock Isl. A P ac... Chic. A W est Michigan. Cia. Georg. A Portsm’th Gin. Jackson A M ack... Cin. N.O. A Texas Pac.*

Ala. Great Southern.. N. O. A Northeastern.* Alabama A Vicksburg* Vicksb. Shrov. A Pac.*

Cinn. Ports. A Virginia. Cleveland Canton A So.. Olev. Cin, Chic. A St. L . . Cleve. Lorain A Wheel.. Col. Hock. Val. A Toledo Col. San’ky A H ocking..Colusa A Lake................Denv. A Rio Grande___Det. Lansing A NortlTn.Dul. So. Shore A A tl___Elgin Joliet A East.......Evansv. A Indianaoolis. Evansv. A Richm ond... Evansv. A Terre Haute. Flint A PereMarquette. Ft. Worth A Rio Grande Gadsden A Atalla U n...Georgia.............................Georgia A Alabama^___Ga. Soutli’n A Florida.. Gr. RaDids A Indiana...

Cin. Rich. A Ft. Wayne.Traverse City...............Mus. Gr. R. A Ind.......

Gr. Trunk of Canada!.. Chic. A Gr. Trunk! ... Det. Gr. H . A Milwt .

Great Nor, St, P. M.A M. Eastern o f Minnesota.Montana Central........

Gulf A Chicago ..........Hous. E, A W. Texas * .. Hmnesron A Shenand’hIllinois Central..............Indiana Dec. A W est..,. Int. A Great Northern..Interoceanic (M ex.)___Iowa Central...................Iron Railway..................Kanawha A Michigan". ’ Kansas C. Ft. S. A Mein.. Kan. City Mem. A B ir..Kansas City AN. W.......

Kan. City A Beatrice. Kan. City Pitts. A G ulf. Kansas City Sub. Belt..Keokuk A Western.......L. Erie Alliance A So... Lake Erie A Western... Lehigh A Hudson RiverLong Island....................Los Angeles Term..........LouivSV. Evansv. A St. L. Louisville A Nashville.. Louisv, N. Alb. A C hic.. Louisv. St. L. A Texas.* Macon A Birmingham..Manistique......................Memphis A Charleston.Mexican Central............Mexican National..........Mexican Railway..........Mexican Southern*.......Minneapolis A St. Louis Missouri K . A Tex. sys.. Mo. Pacific A Iron Mfc..

Central Branch..........Mobile A Ohio.................

1895. 1894. I n c r e a s e . D e c r e a s e ,

$ $ $ i $23,453,277 23,044,718 408,55S

4,94 i,324 5,009,799 69,4753,074,522 2,557,140 517,382

448,499 411,631 36,86814,490,428 14,066,912 423,516

4,608,411 3,879,838 728,573 i ............5,324,551 5,198,545 126,006

17,726 17.598 1281,743,681 1,437,508 306,173 ....__2,500,155 2,215,084 285,0713,558,484 3,080,630 477,854

14+65,539 15,277,956 412,41741,302 48.625 7,323

7,975,783 7,530,515 445,2681,967,261 1,756,541 210.7203,124,724 2,742,272 382,4523,312,017 3,051,807 260,210

24,426,638 23,750,849 675,789771.081 663,566 107,515

12,676,208 13,737,643 1,061,4351,450,068 1,329,387 120,681

55,407 58,055 2,648519,495 524,138 4,6432,876,000 2,699,000 177,0001,255,109 1,152,003 103,1061,028,206 866,862 161,344

395,723 396,003 280400,408 404,184 3,776228.260 211,104 17,156558,651 505.543 53.108

11,615,490 10,550.837 1,064,6531,189,731 1,027,780 161,9512,141,088 2,249,640 105,552777,320 679,527 97.793

16,420 18,359 1,9395,953,754 5,495,579 458,175961,809 903,000 58,809

1,510,168 1,440,170 69,998932,567 858,646 73,921239,006 236,182 2,824

92,110 87,896 4,214912,004 865,194 46,810

2,092,569 2,009,380 83,189306,153 274,297 31,8567,444 5,404 2,0401,039,679 1,056,707 17,028381,395 356,185 25,210

677,486 714,459 36.9731,740,170 1,590,118 150,052371,540 311,472 30.06837,470 39,476 2,006101,015 8-,905 12,110

15,146,945 15,160,210 13,2652,313,597 2,284+88 28,709846,001 851,966 5,96511, 61,135 9,593,768 1 + 67,3671,258,9 '4 974,313 284,651

1,277,187 1,236,953 40,23436,1<‘9 34,540 1,569451,212 333,899 117,31384.900 96,679 11,77916,160,300 14,751,814 1,408,486377,779 331,243 43,5363,044.988 2,825,663 219,3251.-64,066 1,935,704 71,6381,351,925 1.387,600 35,67541,178 32,703 8,4753 6 ,6 1 1 316.431 48.1803,698,644 3,893,528 194,884855,990 827,032 28,958211,010 238,858 27,8484,175 10.844 6,669429.265 339,211 90,054234,961 218.238 16,743308,041 307,654 887 ............

65,565 62,363 3,2022,896,584 2,746,603 149,981347,262 326,936 20,3263,522,037 3,516,405 5,«32129,140 152,881 23,7411,239,944 1,181,265 58 ,6 ’ 916,14=5,448 15,893,369 251.5792,696,570 2,376,004 320,566335,263 340,632 5,36458,716 62,320 3,604110,187 54,755969,164 1,013,326 44,1627,787,438

3,667,526,967,793 3,519,88

819,645147,6342,658,371 2,593,546

390,233 390.985 7521,610,056 1,469,422 140,6349,149,707 8,210,177 939,53018,477,612 17.822,104 655.508471,599 639,316 167,7172,742,626 2.598.094 144.532

November !e, 1895.] THE CHRONICLE. 857X atn t 0} R oad . 1395.

Monterey A Mex. Gulf.NastL C hat A St. L ........S e w Orl. A S o u th e rn ... N. Y. Cent. A Hud. R iv.. F .Y . O ntario A W est’ n . . Norfolk A W e s te r n .. . . . ]S o rth ern P acific ...............Ohio R iv e r . . .......................!Ohio R iv. A C h arlesto n .Ohio S o u th e rn * .................P eoria Dec. A E v a n sv .. P ittsb . M arion A C h ic .. f t t U h Shetx. A I* E r ie .1 p ittsliu rjc A W e s te rn .. ..

P ittab . C ieve. A T o l..,. P tttsb . P a in es , a F*iit

Qoincv O m aha A K. C .. R io O ram ie S o u th e rn ... R io G rande W estern — 8 a* . Tusco la A H uron S t. Jo s . A G rand is la n d . 8*. L. A lt.A T .H .B r'ch* . 8 t. L. Kennect A South.. S t. Louis S o u th w estern .81 Fatal 4h Duluth-----».[Ban F ran . A No. Paolflo. Shertnau Shrove. A S o ..S llv e r to n ..............................Sourhern R a ilw a y . . . . .T exas A Pacino . . .........!Tex . Sab. V a t A S. W Tol. inn Art). A X. M ,i Toledo A Ohio C en tra l , Toledo P eoria A W est'n Tol. S t . L. A K an . C ity ..W abash ...................................W est S. Y A Pa .........West V » Can.A Puts . . W heeling A L ake Erie W nttb tav llie A Ten u tile .

*1 ,016.0378 ,921,371

70,495:36 .116 .396

3 ,078 ,3077 ,775 ,567

15,420,016705,536149.902!579 .391748,0111

36.3031518,78*1

1 ,434.013! 720 ,910 245 ,026 215 ,919 350 .377

1 ,973,588 97,29.0

543 .172 1 ,085.315

34 ,292 4 ,041 ,53* 1 ,274 ,416

694 ,840 271 .360

56,233 ; 14,993,771

5 ,306.141 32.359

923 ,157, 1 ,498 .790

-17 .521 1 ,541,75 i

10 ,512 ,193 2 ,731 .333 ;

920 ,6691.093.783

6 9 ,3 0 !

1894. I n c r e a s e .

S *914,777 101,250

3,798,675 123.1967 i ,5 5 . . . . . . . .

34,315,493 1,300,3033,157,s9.; ..........8.198,446 ______

13,559 .339 1 ,860,707595,9t. I 109.575134,3.4 15.578654,325 24.96-*706.330 41.181

23.996 7,312331,333 131,401

1,170,910 263,102547,106 173,804279,76s 15.257197,69 3 18,221303,954 46,923

1,762,635 210.953101.143757.806

1,100.31323,554 10.73s

3.636/303 357,2311.204.937 69 ,419

709.458247.601 23,75't

41,063 15,205;14.607 3 8 2 390,892

5.570.42136,897

885.072 t ,199,62*

33,085;739,473 78.043

1,309,303 23-,4519.576,119 936.074£& 8'M 70 145.96*

818,920 101.7491,021,030 77.694

65,490 4.322Total (136 roads). . . . 436,180,000 418,016,504 23,303,716

■ et increase................. ........................ .. .................... 20,143.436

decre e e.

7,06279,589

722,379

3,355214,634

14.473

14,618

26 i ,210 4,538

834

3,865,250

* Per three weeks only tu October,1 T o November 2: Xot tncludlH* the Albany Florida A Northern for any portion o

•Ithcr year. ______________________________

s , noli B K a c s t Total Vain*,

St o c k Excu asu* u l e a r i s o - I I o c s k T ransactions. — Th subjoined sUUuueut in c lu d e s the t r a n s a c t io n s o f the Stoc E x c h a n g e C le a r in g - H o u s e f ro m N o r . 4 d o w n to a n d in c iu d in C F r i d a y , N o v e m b e r 15 ; a l s o t h e a g g r e g a t e * f ro m J a n u a r y to O c to b e r , in c lu s iv e , in 1895 , 1891 a n d 1893.

stuck uxomawu* ouiAK U ia s o o a s t i u u t u n o s t», m u t u U .------ - FAsets

VaiuM JiAart*. Oa*\ CUartd.9 $ft 0. “'*).*> x| S,»*,i00

rU6lm ,**tK*m 7.0(90

?,joo

nLOOO.O*M H.323,309 7$J«*M)00 tjflMjMO f>u\*tr&mjm « ,w «

1 0 9 3 -J+n<t*rr... Tmuru+rj~MjWC*is , .. .April—M*?

1..»*. i

M»U*3«VW0

***M*t.W> 1.11XWO.OOO

l7.lflTl.7WlW.rt«i6.?uOHJOAftOQ

*,4*7*.**U *»m mMS»l.47*»JWU»J,iWO

fS7J9RM0 HMMtMM ttMUMW *M10

J a iF ..........AO#«*t ..•wv**"*****®*Oc%oimt -..

1 8 9 1 -l*nn*ry... i l * ta n .March. ..A M il......Mat. ....i S t y .......Amrett ,Mt4UHb'f Octhbnf. ,

lOeoo* . lMvOiHi00 $JI^141.0M S«,r9M>^ TUMTO OO I7.iM8.4W «.444I H 9 3 - JMBOAI7-W r « u w 7 >March. ..April........Mmf ...Jan# ...July . ...A w ««6 8#pt#mh#r Ort-otwer. ..

1/I.MUM0UJM7A00u j | P itljifiiT Wlo jiiM WP d ro jo o14*47.9001A78£»JU

l.Qm.HOo.uOO 1.07ft. Ml.OnO

US»'Mwa,ooom*j**k*m

9&M4M09

1&MBA60 11.030.**)

'I2L7W»X)KE H wtjm jm■nj mmoo »0t(|rw.ao*>

lt.ft>n.iocQmM<JLi

lySAi.OQOIA&U90LMMjOQ

l h Ci m

IJWI9JWO

m & n

S..i'-L:> -%<mu x>tJtm&w i 7440e«> 8.100,300

OU, 100.1-10 M » Q 9T7JpnsO0o#090,000ip iC o o oOOOOlMf B M if yOMOO.ooi)

o a ,m w »

Pt^voo,ooo

t.0ilv>M0 M5W.90i> IJ«M.7Q0 M »* >*»IJSMOOl,fH4.000SJMUOOx .u u j»oSj8t7s000UTtSsOOO

i.*Ka.ioo M^UMO l.»*d,*oo M M , 100 4.1i>7,»0 LMivO-Qijo i.to o

1.S72.3*.*)

tssfl.&hl0.401

»6.HS0-&.7I00.718

0.43145,51ft0.5408.4847.s«Ili3IT

to SOS... 191/01.7,0 14,145. tft.OOO —Kittrtt, both rulr*. —. (tleartd Total Yolo*.

•Sow. 4 1 ,066 ,400 73.SW.000

5 ............................. ........................- 6 1 ,257 .300 69,300 ,000

*• 7 . , 1 ,463 ,000 37,600 .000" 8 ..1 ,1 4 3 ,2 0 0 72 ,800 ,000

Tot. w k . . 4 ,934 ,900 303,000/XW W kia .tfT 3 .065 .000 219 ,900 ,000 S ot. 11 .. 1 .610 .200 94 ,300 ,000 " 12,. M4JW0 63/hio,<WO

“ 1 3 .. 900 ,400 56 ,700 .000 *• 14 1,167,1X10 77,600.000 ** 15 1,021,300 71,0tX»,000

19jp)l.»:«l I .«B ,«0 a »0 ! 7,452.5*0 60.590----------B a la n u t one euU --------- Sheet*B h arte . Value S h o rt*. O ath. (Hearerf.

» •97,900 5 .100,000 79,000 327

. H O L ID A Y ... . .. ...........................................150.200 6 ,300,000 87,900 331153.2 10 7 ,000.000 138,900 352103,100 5 ,600,000 70.030 334

1.344 1.243

352 316327 334 330

503 .400 24 .300 .000 373,300 217 ,600 14 .100 .000 317,300 145,2*00 6 ,700,000 129,700

M OO,000 76,7604.300.000 107,3005 .700 .000 37 ,4006.100.000 72,500

83.30087.2O0

101.40037.500

Tut. w k 7.1.200 353 .600 ,000 5 07 ,60 0 26 ,400 ,000 474,100 1.859W ki»*tyr*,30H ,560 375 ,000 .00 ) 3 3 1 7 00 21 ,600 ,000 459,000 1,577

The stocks cleared now are American Cotton Oil common, American Sugar common, American Tobacco common. Atch­ison, Central of N. J.. Chesapeake & Ohio, Chica.'o Burlington & Quincy, Chicago Oas, Chicago Milwaukee A St. Paul com ­mon, Chicago & North Western common, Chicago Rock Island * Pacific, Delaware <£ Hudson, Delaware Lackawanna & We*tern. Distilling & Cattle Feeding, General Electric, Lake Shore & Michigan Southern, Louisville & Nashville, Manhat­tan, Missouri Kansas & Texas preferred, Missouri Pacific, New York Central, New York Lake Erie & Western, New York &

New England. N '«v York Ontario & Western, New York Sus­quehanna & Western preferred, Northern Pacifio preferred, National Lead common, Philadelphia & Reading. Southern Rail way common and preferred, Tennessee Coal & Iron, Texas & Pacific, Cnion Pacific, United States Leather common and preferred, United States Rubber common, Wabash common and preferred, Western Union and Wheeling & Lake Erie common.

p t o t t e t a t ; g ! © a m m e i ; c i a l ^ t t g U s I t ^ e M i s

[F rom our ow n oorrespondent.1

London, Saturday, Nov. 2,1895.Disquieting p ilitical rumors have circulated all through the

week and have helped to depress the stock exchanges all over Europe. Though the Sultan has yielded to the pressure of the Powers so far as to issue an Irade granting reforms in Ar­menia, he has not yet appointed the Commission that is to carry them through; and it is said that he has rejected the names recommended by the Grand Vizier, Further, he refuses to sanction the dispatch prepared by the Grand Vizier to be submitted to the Powers, and fresh massa­cres of Armenians have been perpetrated, while disorder is si reading throughout the Empire. Over and above this, the Russian papers are writing in a very bitter spirit against Eng­land, the semi-official journal itself accusing our Government o f stirring up mischief in Turkey for objects o f its own. The tone o f the German press is likewise unfriendly snd it need not be added that so also is that o f the French.

More eeriqus, if possible, is the state of things in the Far East, The report, indeed, that Russia is a bout to build rail­ways in China, and has obtained permission to winter her fleet in Port Arthur, is officially contradicted. But nobody denies that a secret treaty of some kind has been concluded between Russia and China, and that Russia is putting forward all iier efforts to strengthen both her army and her navy in the Far East. Japan, likewise, is hastily arming. On Thurs­day the 30 million taels which Japan has agreed to accept as a special indemnity for retrocession of the Liao tung Pen­insula were paid to her by China, and next week a further sum o f about 8 millions sterling, making in all about 12^ millions sterling, will is? paid over. The French and Germans are likewise very active in China, and it is said that Germany lias promised to support Russia ill China provided Russia avoids causing disturbance in Europe. Lastly, reports have been circulated on the Continent, emanating ohi- % from the Russian press, that the British fleet is being concentrated in great force in one o f tile Chinese ports. Ait >g.*ther. the feel - ing in diplomatic circles, as well as amongst the business community, has been exceedingly anxious.

Money continue* as abundant ns ever, and is likely to re­main so for months yet. The stiver market is hardenening, as it is believed that Japan will have to remit in that metal a considerable amount to defray her expenditure in Formosa. Far the greater part of the indemnity, it is understood, will be spent In Europe upon ships and munitions of war, but a considerable sum, for all that, will be needed at home. The Eastern exchanges therefore are firm aud the India Council continues to sell its drafts well. On Wednesday it disposed o f the whole 50 lakhs offered at rather over Is, 1 J£d. per rupse ,

The fortnightly settlement on the Stock Exchange, which began on Saturday morning, ended on Wednesday evening witit/cu serious difficulties. There were two small failures o f no great consequence; but it is understood that several memliers of the Stock Exchange had to be helped by their friends. Still, so far as the London market is concerned, it is now believed by the best informed that all serious difficul­ties are over; that the weak ‘ ‘ bull” account has been nearly closed, and that stocks have passed into the hands of wealthy people. One of the peculiar features of the week has been the purchasing on a vary extensive scale by small investors in ten or twenty shares or so.

But while the condition of the market here is now sound, there is much trouble in Paris, Constantinople and Glasgow, Glasgow operators have bought very largely, not only of gold shares but of American securities. The differences against them are very heavy and several failures are expected. A l­ready there has been liquidation on a very great scale. In Constantinople, too, there lias been for some time a very wild speculation in gold shares, in Turkish securities and in Ottoman Bank shares. Two unimportant failures have already occurred and some more are expected. There has

THE CHRONICLE, [V ol . L x r ,

ilk of tl ile. The

m u ch Ci

difficulties of a foreign institution in tirm, however, failed once before and

r, Jit. The best informed believe that if in proves there will be no serious trouble Du re will of course be failures but none

i t scalegauie riu I

:,d g<

e the probable course of events in crisis has had little effect, for Minis-

(requently that a change now attrac's e political apprehensions respecting

key and \ he Fur East coming just win n there was abreiik-down U]„,n the Bomse have added to the embarrass-

lU o f the p« -ition. There has been a mad speculation ingoh shares an 1 a wry n eklts* speculation in Turkish, Otto-tutui Bank allures, Bulgarian securities, Spanish, and so on.AH these have fuller heavily ar.d the differences to pay arev,-ry large. The settlement at the beginning of the month commenced on Thursday. Yesterday being a holiday no lm i , -s was done. To-day the real settlement begins, for on

‘ Thurs'lnv only options and mining shares were dealt with, It wdlnot be possible to form any very definite opinion of the state of the market for a few days yet—-probably not till Tuesday evening or Wednesday As the great banks have bad to withdraw very large amounts of money from the Bourse in order to take up their acceptances iu Lonion, rates are exceedingly stitf. Five and even six per cent on good security is readily paid to the banks; within the Bourse rates are much heavier. That of course adds to the embarrass­ments of operators. Still every one is anxious to support the market as fur. as he can, and the best-informed think that thi ugh mpiK y will be very dear every one in good credit will be helped through, and the settlement will end more easily than is now expected.

Out iie of mining and in#er-B mrse securities there has been uiHolutely nothing doing. The American market is flat, owing to the general depression and the rise in the sterling exchange. Bit practicilly nobady is dealing at present in the market, and the same is true of all other deaprtments.

The rates for money have been as follows i

Open Market Rates.

LondonBank Bills. Trade Bills. Dlsc’t H'se

s Three Four Six Three Four Six Stock A t 7 to 14Months Months Months Months Months Months Banks. Call. Days.

Oct. 4 O-l e 0-10-# U-13-10 um 1 ®m ixmh X X Xi i 2 0-10®** W -ll-10 mu um 1 ®1K n m x X X X

** 18 2 S 96-11-10 mu m i IK® IM X X X2 11-16 H %-13-lC 1 i r n iu . 1M®1K X X X

Nov. 1 2 U-lC-% u 18-10-% 1 1%©1% X X X

Interest allowed for deposits by

The following return shows the position of the Bank o England, the Bank rate of discount, the price of consols, &c., compared with the last three years;

1895. 1894. 1893. 1892,Oct. 30. Oct. 31. Nov. 1. Nov. 2.

£ £ £ £Circulation... ....................... 20,188,740 25,783,310 26,298,030 26,371,315Public deposits........................... 4,069,204 5,519,082 4,330,252 5,233,635Other deposits............................ 50,592,755 37,789,151 31,392,588 28,940,209Government securities............. 15.230,525 15,272,270 L2.037,59S 14,350,140Other securities ........................ 25,487,715 18,6-10,211 25,395,122 23,102,796Reserve o f no tes and coin ....... 38,315,289 27.191,103 16,128,090 14,507,938Coin Jk bullion, both dopartm’ts 41,704,029 86,177,478 25,970,770 24,429,253Prop, reserve to liabilities., p. c. 5SM 02 9-10 44 15-10 42&Bank rate.... .. . .........percent. 2 2 3 3Consols, 2|£ per cent.................. 101 11-10 97 11-10 969£rillrsr............................................ 31K4. 29 3-10d.* 32d. 88 15-16d.

, 170,300,000 lSP.tOD.OOO 132,117,000 143,777,000Clftnrioii-IXoase r e tu rn s ........• Nov. L

The following shows the imports of cereal produce into the United Kingdom during the first eight weeks of the season, compared with previous seasons :

IMPORTS.1895.

"mportsof wbeat.cwt.ll,813,8201894. 1893.

11,911,828 11,391,716 6.015,326 4,799,0502,363,339 2,260,408

332,580 339,213792,293 796,735

4,262,508 4,428,1193,243,005 3,903,052

Supplies available for consumption (exclusive of September 1):

1895. 1894. 1893.Wheat lm ported.owt.il,813,820 11,911,828 11,391,716Imports of Hour...... 3,272,050 3,213,0 )5 3,903,052

if home-grown. 2,510,382 3,411,904 4,133,917tab.......

B arley ............................... 5 ,338,390Oats............................. 2,000,2401’eaa............................. 381,7008ean*.......................... 665,310Indian c o m ............... 6.701,500F lour......................... 3,272,030

Bat19,428,685

1893. 27s. 6d. 26s. 9d.

1892.11.080.271 3,868,257 2,220,009

2 7 6 ,2 5 1993,150

5,904,8153.421.401

stocks on1892.

11.080.2713.421.401 4,073,779

18,575,451 1892.

28s. 73. 28s. 63.

17,632,232 18,566,827 , 1895. 1894.

Aver, price w h eat w eek .25s. 53. 17e. 63.Average price.season..23s. 83. 19a. 03.

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

. Th.it w eek . L a st w eek .wh'“ * ... .qrs. 1,848,000 1,781,000to qrs. 221,000 240,000n

Ha qra 593,000 626,000

1894.1,729,000

310.000127.000

1893.2,482,000

260,000357,000

R n x lln t i F i n a n c i a l l a r d e t s —P e r C a b le .Tbe daily closing quotations for securities, &c., at London

axe reported by cable as follows for the week ending Nov. 15:

L o n d o n . Bat. M on. Tue8. Wed. T h u r s F r i .

S ilv e r , p e r oz .................. d. 30*3!. 301314 30131( 3013, „ 30 34 30%Consols", new , 2% p, ots 105 % 106 1( 61a 1063s 106% lt6 %

For acco u n t................... 105 ic lOoifi 1061s 1067)0 106% 1 06H ,8EVoh ren te s On P aris )fr . ioo -oo 99-9214 100-10 100 3 5 00-37% It 0-75Atcti. Top. & S. F e .......... 16% 167« 1715 18% 18% 17%C anad ian P ac if ic ............... 54ifl 56«s 57% 58% 58%C hesapeake &. Ohio........ 19% 1919 1 9 ^ I f 34 19% 1934Chio. M ilw . & 8t. P a u l . . 74% 76 ’4 77 77% 77% 77%Illino is C e n tr a l........... 98*3 98*4 9 8% 101 100% 100 laL ake Sho re........ ................ . 152 152 153% 153% 153% 154LouisvUle & N ashviU e.. 52 is 53% 55 56% 55% 55%M exioan C en tra l 4s____ 69ie 0914. 70 *4 70 71 70Mo. K an. & Tex. co m .... 143a 1438 14 15 14% 1518ST. Y. C en tra l & Hudson 101 Ifl 101% 101 34 102^2 102 102 i«N. Y. L ake E rie <fc West. 9% 11 n % I l i a n % 11

2d consols........ ............. 75% 76 76 76 76% 7t%JST. Y. Ont. <fe W estern . . . 15 15% 15*2 16% 16% 16%Norfolk it W est’ll , p re f . 11% 12 i2 11% 12% 12 11%N ortbern Paolflo, p re f .. 15*a 1«H 15%, 16 8 16% 16%P e n n sy lv a n ia .................... 55 55 55 55»8 x 5 4 !a 5413Pbil. & R ead ., p er sh are 6 6% 6% 6% 6% 534Sou thern R y ., c o m ..___ 1112 n % 11% 12 11% 11%

do p r e f d . . . . .__ 35*a 36% 36% 36ia 36% 37Union P ac if ic ...................... 9% 10% 9% 10% 10% 10 34W abash, p r e f ...................... 18% 19 19% 20% 20% 20%

©munteuctalaud IB-tsccIIauecrus HewsForeign Trade of New Y ork—Monthly Statement. —in

addition to the preceding tables, made up from weekly returns, we give the following figures for the full monthp, also issued by our New York Custom House, The first state­ment covers the total imports of merchandise

IMPORTS INTO NEW YORK.

1895. 1894.

Month.D ry

Qoods.

General D ryQoods.

GeneralMerchan­

dise.Total. Merchan­

dise.Total.

* % $ $ % ?J a n u a r y . . . . 17,680,312 28,777,708 46,438,020 8,976,930 26,993,965 35,970,895F e b r u a r y . . . 13,964,877 24,873,030 38.838,007 8,355,097 23,821,975 32,177,072M a rch .. . . . 13,384,847 31,998,988 45,383,835 7,561,718 35,517,997 43,079,715A p r il........... 13,029,768 81,720,233 44,756,001 8,044,053 29,239,646 37,284,299M a y .............. 8,249,450 32,307,188 40,557,238 5,013,252 30,257,420 35,270,672J u n e .......... 7,924,2i.-0 30,778,522 38,702,742 3,701,397 27,447,542 31,148,939J u ly . . . . 14.557,357 32,475,448 47,012,803 7,891,356 34,3^7,909 42,279,325A u g u st ....... 12.313,900 31,594,954 43,938,854 7,420,901 26,861,730 34,282,664Sep tem b er.. 14.762,348 26,935,534 41,697,882 8,782,959 23,472,953 82,255,913O ctober .. 9,903,819 39,072,109 48,975,928 9,023,960 28,494,603 38,518,622

T o ta l.. . J 25,760,998 310 540,312 136,301.310 74,772 223 287,495,892 363,208,115

& SPORTS PROM NEW YORK. CUSTOMS RECEIPTS.

MonthTotal Merchandise.

Month.A t Now York.

1895. 1894. 1895. 1894.

% ? 1 tJ a n u a r y ............... 28,889,726 30,037,691 J a n u a r y ............... 12,818,691 8,315,655F e b ru a r y . . . ........ 23,621,575 27,394,451 F e b ru a ry ............. 9,342,283 7,424.174M a rc h ................... 27,804,40: 31,301,980 M arch .................... 9,798,203 7,448,490

26,157,98028,063,17825,335,667

27,990,33828,080,94430,032,539

8,825,0228,104,1057,510,817

0,733,5986,238,3185,181,443J u n e ....................... J a n e .......................

J u l y ........................ 25,813,459 20,338,424 J u l - ,o ................... 10,034,765 6,175,579A u g u s t ................. 26,485,213 29,323,417 A u g u st.................. 10,299,618 8,723,355Sep tem b er.......... 26,573,666 20,397,471 S ep tem b e r .......... 9,756,892 9,692,660O ctober.................. 31,775,858 27,488,086 O ctober................ • 9,299,378 8,229,310

T o ta l................ 270,520,789 284,391,941 T o ta l-------- 90.389.774 74,162,582

coinage by United States Mints.—The follow ing state­ment, kindly furnished us by the Director of the Mint, shov 8 the coinage at the Mints of the United States during the month of October and the ten months of 1895.

D en o m in a t i o n ,

Double eagles.......Eagles....................Half eagles...........Three dollars____Quarter eagles— Dollars...................

Total g o ld . . . . . . .

Standard dollars.. Half dollars. . . . . . .Quarter dollars... Dimes.....................

Total s ilv e r .,...Five cents___J___Due cent................

Total m in o r .........

Total ooinage...

O ctob er . T en M on th s .P i e c e s . V alu e. P i e c e s . V a lu e.

353,535$

7,070,700 1,560,954647,371

1,381,992

$31,219,080

6,473,7106,809,96029,000 145,000

65 162

382,535 7,215,700 3,590,382862,560

4,570,6468,321,2412,040,560

44,602,912862,560

2,285,3232,080,311

204,056

1,000,0001,280,000

500.000320.000

2,280,000 820,000 15,795,0079,839,274

21,883,026

5,432,250491,964218,8302,350,000 23,500

2,350,000 23,500 31,722,300 710,7945,012,535 8,059,200 51,107,689 50,745,956

B onds H e l d b y N a t io n a l B a n k s .— The following interest- ing 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 October 31.

Notember 16, 1895. J i'HE CHRONICLE 859U. 8. Bond* Held Oct. 31, 1395. to S ecure—

Dt*cr\pl\on o f Bond*. Public Deposit* in B anks.

BankCirculation. Total Beta

Currency 6s, Pac. R R ...5 percents, 4894 ....... .4 per ot» , funded 4907..4 per cent*. 4893 ..........2 per eta, funded 4 891..

Total. .........................

#1,152.000725.000

11,943,000575.000

4,033,000

#11,997,000 14,046,850

149,342,350 13,856,500 22,5 J5,100

$13,149,00014,741,850

161,285,35014,131,50023,538,100

#15,12 ',00 » 4211.717.800 $227,145,800

I m p o r t s a x o E x p o r t s f o k t h e W e e k . — The following a r e the im ports a t Ne v York for the w eek end in g for dry goods N ovem ber 7 and for the w eek end in g for g en era l merchandise N ovem ber 8; also to ta ls sin ce the beg inn in g of the first week in J a o o a ry .

rosBiosr imposts at mew to rs .Tor Week. 1392. 1893. 1894 1*95.

#1,362,458 #2,176,835 5,915,787 9,248,835

*7,503,245 #11,425,418*76,334,681 #127,937,581 299,199,243 320,151,000

Dry Goods------G en l mer'dise.

Total..........Binee Jan. 1

Dry Goods. — Gen'l cnor’dU*.

#2,078,223 11,-884,584

#13,962,807$111,108,829

389,403,611

$1,142,1124,942,823

#6.084,935*110,312,217

372,0/4,831

Total 43 week* ♦300.511,040 #132,2-97,013 #375,533,924 #454,038,641The fo llow ing is a statem ?nt of ttte exports (exclusive of

specie) from the p>rt of New York to fo reign p >rw for the week end in g November 12 and from Ja n u a r y 1 to date :

EXPORTS raOM SEW TORE tOK THE WEE<18 9 2 1393 1894 1895

For th e w e ek .. 1 Pt« t. reported !

#7,966.818 330 .063 .351

#7»646,«493 i9 a 3 4 6 .u a

# 6,044,519 307 ,706 ,3431

#7.461,548298,530,473

Total 45 weeks.! #33s,030,669 #327,033.343 # 313,730r98i| *305,992,021The fo llow ing tab le show s the export* and im port* of sp ecie

at the port of New York for the w eek end in g November 9 and sin ce J a n u a r y 1, 1893, and for the corresponding periods in 1894 and 1895:

EXPORT* A*0 IMPOST* 0 1 ErSOlB AT SEW TOR*

Cold.Week. Binee Jan . 1, Week. Binee Jan. 1,

•9.800 i3S.%30,B^0 #15,836,821 5,761.9.8 1.648,853G e rm a n y .. .----------- . .. . „ 8,342,0*6

W«et todies............... 14,570 8,400*904 #2.8551,9678^98

979.39#53,150

592,56583.824

South A m erica .........11 other countries .

33.000............ 1

V

Ce><

VV

;

Total 1894 ......... #46^70 #71,089,294 #13,440 12 4,955,610Total l * 9 A ......... 85,160.452 33.285' 15,259.180Total 1893 ......... 91.107 70,272,563 2,596,143 80.297,617

m iserExports, Im port*.

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

*780,830 #31.402,451139,000

*55,7573,451France ....... ..............

Germany ...................l i ' i o d

16,142 7,120West lad ies.........— 139,981 #1.135 36 4.31W*Co x le o ....................... 399 36,707 ui 4*ig3Sm th America........ 802.490 2,621 737,492AU other conntrtea 547 31,779 22,052

Total 1895.......... •803.2 5 *32.347,132 #40.463 #1,623,363Total 1*94......... 455,2*50 29,733,440 24.633 1,513,900Total 1993.......... 475.581 27,139.096 17,619 3,101,113

Of the above import* d u r in g the w eek in 1891110,845 were A m erican gold coin and #331 A m erican silver coin. Of the exports d u r in g the sam e tim e 838.570 w ere American g o ll coin.

^— The tw e lfth an n u a l m eeting of the stockholders of the K nickerbocker T rust C om pany w as held Thursday, and the old board of d irecto rs re-elected with the additional n a n ’s o f L ispen ard S t w art an d Arozi L. Barber. The statement of the com pany’* condition shows the capital lias been increased from |7.>0,000 to 81,000.000, and the surplus from 8848,000 to 8104.00.-. in addition to 8 per cent dividend paid upon the stock. The deposits of the company have increased from $7,000,000 to 80,500,000, and the number of depositors from 2,148 to 2,880, an increase of 5-52 depositors during the year.

—The statem en t o f the condition of the Massachusetts Loan & T rust C o., Boston, at the close o f business October 31, as m ale in response to the la s t call o f the 3 ;a tc Commissioners, w ill be found in another column.

—Messrs. D aniel A. Moran & Co, a re offering city of Elmir* bond*, exem pt from Stst • and municipal taxation. T heir advertisem en t will be fou id in our State and City D> portment.

—Messrs, N. W, Darris & Co. offsr for sale Scranton, Pa., 4 !j p*w cent tax exempt school bonds due 1919 and 1920. Price and particular* at their office, 15 Wall Street, New Y o r k ,

— Messrs. Loeb A O itr.ert, .125 La 8 die Street, Chictgo, offer loans on improved O aicigo City property netting in­vestor* five to six per cent. They invite corresp mdence.

- A tten tion ia d irected to the list of bonds offered in our ad v e rtis in g colum ns by Messrs. Moffat & White, 30 Pine S t.

—Mr. F. J . Llsman, 10 W ill Street, publishes ia our adver­tising columns the prices at which he is dealing in the vari­ous issues of Central of Georgia securities, deliverable when issued.

—Messrs. Williamson & Co . 3 Broad Street, will buy and sell rights on Third Avenue R »il way stock.

City Railroad Securities— Brokers’ Quotations,

iA8 K ;£ fc !K E i« >Irapt. 5s, g.. 1934.. JA.J

B leek. St. <fe F u l.F .—Stk.1st mort*, 7s, 1900. J«&J

B’ way *k7th A ve .-S tock . 1st mort., 5s, 1904. JdsD 2d mort., 5s, 19*4.JAJ B’ vray 1st, 5s, guar. 1924 2d 5s.lnt.as r o n f1.1905 Consol- 5a, 1943...JA D

Brooklyn City—8tock .... Consol. 5a, 194i...J<fcJ Bklyn.Crosst’u5s.l903B k ru .Q ’ naCo.i& Sub.lat

B k lyn .C .A N ’ w t'w n —s tk5-, 1939 ..........................

Brooklyn Traction..........Pro I erred........................

Central Croaotowa—Stk.1st H.,6«1192J...MAN

Cen.Pk. N.dt E .RIr.—Stk.Consol. 7 s. 1902... J AD

Chrlst’ p ’ rA loth S t .-S tk .1st m ort.,189S . . . AdfcO

BUL Ask.

H0729

JilO : 195

{l(X3b }110 1112 ! {104 Si

l i d 166 114^ 105 103 175m o *

12*458

175 ! 3118

an-150105

8531111198

106*116b167

n ib13b60

190167”155

Columbus & 9th A re. 5s. D .D .E . B. dfc Bat’y —Stk.

1st, gold, 5s, 1932.J&DS crip ........................ . . .

Eighth A venae—Stock..Scrip, 6s, a9 1 4 .............

42dA Or. St. Kor.—stock 42d St-A Man.A8t*N.Av.j

1st mort. 6s, 1910.MAS 2d mort.Income 6s. JAJ

Long Island Traction___Los .A ve. A Pav. Ferry 5s. Metropolitan Traction ... Ninth Avenue—S tock ... Second Avenue—S tock ..

1st mort.,5s, 1909. M A N Debenture 5a, 1909.J AJ

S ix th Avenue—S tock___Third Avenue—S tock . . .

1st mort., 68,1937.JAJ Twenty-Third S t,-St»k .

Deb. 5a, 1903.................Onion By—S to c k ............

1st 5s, 1942....................WeatcheaOr, 1st,gq.,5a.

Bid. Aak.II434169114

3103360103815

5934{1153461

1711434n ib157163

{108 b 103 219 x83b 121 300 100

>100

32561

1170318

115112165”

185fl1 2 l"10s106103101*3

5 And accru ed in te re s t.x E x -d .r ld sn d .Gas Securities—Brokers’ Quotatioas.

GAS COMPANIES.Brooklyn Gas-Light.. —C entral.............. . . . . . . .Consumers’ ( Je rsey C ity).

Bonds............................ .Cl Use n 8* (Brooklyn) ........Je rsey City A Hoboken..Metropolitan - Bonds.........Mutual (N. Y....................N assau (Brooklyn)..........

Scrip.......................... . . . .H. Y . A East Kiv. 1st 5s..

Preferred . . . . . .Comtnou. . . . . . . . . . . . . . . .Consol-6* ....... ......... . . .

GAS COMPANIES. Bid.Bid.140 . . .. People’s (Brooklyn)........... 103150 HO Peoples* .Je rse y C it y ) . . . . 170 90 94 Metropolitan (Brooklyn). 21090 b 101b W illiam sbu rg ........................30070 l| U t6 » .................................... 105

ISO II Pulton M unicipal................. 200108 . . . . . Bomb*, 6*............................ 105195 ; ........1 Eu o itab le .......... ..................... 199300 ----- Bonds, 6s, 1899....................106100 ........i(8t* P auL .............................. . 70bHX>b 100 V l Bonds, 5 s............................{8861 ! 63 ; Standard p ro f ........... . . . . * 10733 bi 34 y I Common.............................. 7286 b 87 Western Qas ....................... 68

1 Rond*. 5 * ..................>92

Ask.

175

108

201*7 ™

90 108 ™«• 70 94

{ And accrued interest. 1 Ex righ ts.

Auction Sale# .—Among other securitie# the following, not regularly d e a lt in at the Board, were recently sold at auction.

By Messrs. R. V, Harnett A Co.:Share.. ■

J S. X. L aw In s t itu te .............$1002 JonrnrayABurnham,com. *1 (1 BlOomluK Grove ParkA»*.w #45j................#55

80 ft, V. Suburban Water Co. #45 i10 Chlilicotbe W ater Co........ .. #700 |

Band..#1,000 Centr»l Safe DepositCo. of X. Y. 6« .......... ... #t60#2,000 Ft, Boott W ater Co. 6 s . #18 #4,000 Topeka WaterCo.lsta #32 # 1,000T il* K an .il. W ater it

Light Co. Rxtcnalun Mge $10 ♦2,000 Tb* Kiiim i. Water A

U . Co., bond<lat«(l 1789 . #210 $6,000 S . V. Suburb in Water

Co. I at M. £a, 1926 ................ 49 !*400 X Y. Suburban Water Co, 1st M. bonil scrip........ 70 |

Bnntis.#3*0 X. Y. Sub u rb an W ater

Co, 1st M. tioud se r in ............ $280*700 C h liaco lb e W ater Co.

1st M. ,'.,1 9 2 ,5 ........................ 27#1,300 CaB ltcothe W a te r Co.

2d incom es ......................... $31# to C h lllleo the W ater Co. 1st

M. band scrip . . . ................... $24• 3 0 .0 9 0 Tli.- B lub Hid go A

A tlan tic RR. U 6s, 1 9 1 0 .. . $73 #32,000 T o i ,* o . C en t Ext.

Kit Co. 1st Gen. 5s, 1011.Feb. 1833 coops, a ttac h ed . $85

#8,000 W aco W ater & L igh t Co. 1 st B«, ser ies B» 1922 .-. $110

#S.f 00 C hattano oga W ater 3e E lec , Co. of C hattanooga, T cnn., l e t 6s, 1911 ...................$275

By Messrs, Adrian H. Muller <5fc Son:Short*.

10 R u tg e r . F ir* la s . Co___ 119*sSO LongN land B 'k o f B'klyn.tOO

200 P ittsb urg M cKeesport AYougti. K R „ guar........... 133

25 L. it Mo. Ktv. RK , p ref 29S»10 L. A Mo R lr . KB., com »>*

17**N at. Horsii 8how A « 'no f Am erica, Lim ited. . . .3 1 0

20 A lb an y Pub. Co . , . , # 3 per all. 28 Coney 1*1. Jockey C lub.. 30 15 N’ at’l E xhibit C o............... 2511 c.a.yrirttco..............i.oto

S h a r t i .20 N ational Union B an k__ 492>*30 N. Y. Prod. Kx. B aok . . .1 2 0

t M em bersh ip Jf, Y . P roduce E tc h ’gc. (A ll duos p a id .i $27

B on d * .# 90) Nat. E xh ib ition Co. 6s,

1897. F. A A.......... .................. 75>s#9,000 Sandusky Mansfield A

N ew ark RK ,7» ,1909 . .1 A t .120 $ 3 ,0 )0 CftiEena’ Gas-Light

Co, o f B'klyn 5s, 1940. FA 4 10S

JSauUiUQ and ^ in a u c la l.

S amuel D. Davis & Co.,BANKERS,

S O . 4 0 W A L L S T „ N E W Y O R K .8amcel D, Davis,_______________ Cu.cs. B. Van Nostkand,

Spencer Trask & Co.,BANKERS,

2 7 6c 2 9 F I N E S T R E E T , - - V O R K .65 State Street, Albany.

I N V E S T M E N T ^ S E C U R I T I E S .GSOHOS BARC!.AT MOVFAT. ALHVASliEK M. WBlT*. J r

M o f f a t & W h i t e ,BANKERS

30 C I N E S T R E E T , - - N 15 W TO U K .IN VESTM EN T S E C U R IT IE S.

THE CHRONICLE. [V o l . L X I.860

'Ebe ^Bankers' (gazette.d i v i d e n d s .

Of U'JHt f)(t U j/. P erO ent.

W henP a ya b le .

B ook s c l o s e d . {Days in c lu s iv e . )

U nit t*€»«* <S».Belleville & Bo it thorn Ills, prof.. 3% Nov. 6 ---------- t o -------------IHd. * Bound Brook gu. (Quur.) 2 Nov. 20 ----------- t o -----------North PtmnaylrnnK (quar.)....... 2 Nov. 25 Nov. 15 to Nov. 19

JVHfecellftiteoua. o Deo. 2 Nov. 16 to Deo. 2A titorie.au Kxpreas ....................... 3 Jan. 2 Deo. 8 to Jan. 2Celluloid Co. (quar.)..................... 1 ) Deo. 14 t o ----------extra).....................Consolidated One of Baltimore..

** ) 2 1* Deo. 2 -----------to -------------Diamond Slat ell iqtuir.) .......... 2 hi Deo. 12 .. — to — ------Ui-.-k Jom'.-Ji wnii Milt pf.tqa’ r) 2 Doc. 2 Nov. 24 to Dec. 1Third Avenue Hit. lipmr.).......... 2*9 Nov. 27 Nov. 17 to Nov. 28WidBlnicUCominero’i prf. tquar.) 2 Doc. 10 Deo. 2 to Doc. 10Went Cliieaijo (quar.).................... li# 'Nov. 15 ----------- t o ----------

W .tU i STREET, F R ID A Y , NOV. 15, 1 8 9 5 .-5 P. »I.

Mir Hu nr) Market and Financial Situation.—Business in Wall Street during the week has reflected the improved financial conditions now existing abroad. The speech of the Prime Minister of England on Saturday evening last at the Mau-bim House in London h:ui a reassuring effect at all the principal financial witters of Europe.

As a cutiseipience the fortnightly settlement in London has proceeded 1th is week with little or no disturbance, condi­tions on tlu* Paris Bourse are less critical titan they had pre­viously hern, and the liquidation of American securities by foreign holders has largely ceased. The strength and recup­erative ppwer of this market is shown by the rapid recovery from the decline in prices which was noted in our last issue.

As u as fi uesliadowed by the high rates which prevailed in tht- foreign exchange market at the close of last week the export movement of gold has again commenced, and ship-

The following were the rates of domestic exchange on New fork at the under-mentioned cities to-day: Savannah, buying par, selling % discount; Charleston, buying par, selling yz premium; New Orleans, bank, par; commercial 75c. per $1,000 discount; Chicago, oo@60c.”per $1,000 premium; St. Louis, 50@75e. per $1,000 premium.

United States Bonds.—Sales of Government bonds at the Board inclu de $10,000 4s coup., 1935, at 121;U$31,000 4s coup 1907, at 113},£; $36,000 5s coup, at 115 to 115^, and $5,000 reg., at 115. Quotations are as follows:

I n t e r e s t Nov. NOV. N ov. N ov. N ov N ov.P e r i o d s 9. 11. 12. 13. 14. 15.

2s, ....... ............re*. Q.-Moh. * 96h» * 961# * 97 * 97 * 97 * 974s, 1907 .. .........re*. <5.-Jan. *111% *111% *111% * in % *1 H 78 * m %4s, 1907..........coop. Q .-Jan. *112 112^4 *112 *112 112% *1121848, 1925.............reg. Q.-Feb. *121 *121 *121 *121i8 *121% *12 1144s, 1925..........coup. (A-Feb. 121 *121 *121 ‘ 12(18 *12 114 *121%5a, 1904.............reg. Q,-Feb. *114% *114% 115 *115 *115 *1155s, 1904____ _ooup. 0..- Feb. *114% 115*8 115% *115 *115 *1156s, onr’ey,’96 ...reg. J. & J. *102 *102 *102 *102 *102 *1026s, onr’cy,’ 97- .re*. J. <& J . *104*2 *104^ ‘ 104% *10413 *10 li® *1041#6s, our’ey,’98.-.reg. J„ ■'* J . *108 *108 *108 *108 *108 *1086s, a n r ’o y , ’9 9 . . .reg. J. & 4. *110 *110 *110 *110i3 *11013 *110*#4s, (Cher.) 1896.reg. March. *100% *100% *100% *10 0 % *100% *100%4s, (Clier.)1897.reg. Maroh. *100% *100% *100% *100% *10 0 % *100%4s, (Cher.) 1898.reg. March. *100% *100% *10 0 % *100% *100% '100%4s, (Cher,)1899.reg. March. *L00% *100% *100% *100% *100% *100%

* This is tlie price bid at the morning board, no sa le , w ia oi tile.

United States Sub-Treasury.—'The following table shows receipts and payments at the Sub-Treasurv.

JDate. R e c e ip t s . P a y m e n t s .B a l a n c e s .

C o in . C o in O eri'i . Curve-^

Nov, 9 “ 11 “ 12 “ 13 “ 14 “ 15

$2,290,2574,023,6443,380,4272,093,1392,651,4422,342,326

$2,325,547 3,958,803 3,011,32 s 2,777,566 2,847,695 4,081,323

$88,220,44687,983,86487,802,40687,563,77187,076,80185,665,761

$ $ 1,183,865 97,083,584

975,076 97,593,633 1,324.198 97,795,071 1,260,501 97,412,976 1,001,952 97,962,239 1,008,874 97,627,363

Total 16,781,235 19,002,259

merits for the week, including $3,350,000 engaged for to-mor­row s steamers, amount to $3,250,000. This movement has no doubt had an unfavorable effect upon the stock market to-day, which is weak and heavy, with some evidences of renewed liquidation.

The open market rates for call loans during the week on stock and bond collaterals have ranged from to 2 per cent. To-day rates on call were l y to 2 per cent. Prime commercial paper is quoted at 4 to 5 per cent.

The Bank of England weekly statement on Thursday showed an increase in bullion of £45,124, and the percentage of reserve to liabilities was 58-1(1 against 58-02 last week; the discount rate remains unchanged at 2 per cent. The Bank of France shows a decrease of 9,975,000 francs in gold and an ncrease of 435,000 francs in silver.

The New York City Clearing-House banks in their statement of Nov, 9 showed an increase in the reserve held of $1,184,000 and a surplus over the required reserve of $19,260,050, against $17,594,400 the previous week.

Coins.—Following are current quotations in gold forcoins:Sovereigns........... $4 86 -@$4 90Napoleons........... 3 85 ■© 3 90X X Reichmarks. 4 70 4 8025 Pesetas........... 4 75 4 82Span. Doubloons. 15 50 ^ 1 5 75 Mex. Doubloons.15 50 -©IS 75 Fine gold bars.. . . par 'W % prem.

Fine silver bars... — 6 7%^ — 69Five francs............— 90 'd) — 95Mexican dollars.. — 54 'cb — 55

Do uncoin’e ia l . . ------- 'S — —Peruvian sols.......— 49 'ob — 51English s ilv e r .... 4 85 -@ 4 92 U. 8. tirade dollars — 55 — 75

State and Railroad Bonds.—Sales of State bonds at the Board include $6,000 Louisiana con. 4s at 100; $10,000 Virginia 6s, defd. trust rects., stamped, at 6; $3,000 So. Carolina 4)£s at 108 and $8,000 No. Carolina con. 4s at 104.

The market for railroad bonds has been strong, and the active issues are generally higher than our last quotations. Reading and Atchison bonds have been most active, and except in case of the Reading seconds have advanced. San Antonio & A. Pass 4s, Texas & Pacific 1st 5s and Sav. & West. 1st rects. are from 2 to 3 points h%her than last week, Other active issues, nearly all of which have ad­vanced during the week, include Ches. & Ohio, Chic. & No. Pacific, Lou. N. A. & Ch., Mo. Kan. & Tex., No. Pac., Ore. Short Line, St. Louis Southwest., Southern Ry., Tex. & Pac., Union Pac., Wabash and West Shore bonds.

1895.Nov. 9.

O iffe r e n ’ s/rom P rev . xoeek.

1894.Nov. 10.

1893. N ov. 11.

Capital................8urplua.............Doane &. dise’nts.Circulation........Net deposits.......Specie..................Legal tenders.. . .Reserve held___Legal reserve___

*61.122.700 72,889.000

495,923.20014,363,300

527,936,8006*4,419,30086.824.700

151,244,000131,983,950• i --------

9

Doc.4,768,600 Deo. 89.300 Deo.1,926,600 Ino. 210,500 In c . 973,500In c .1,184,000 Deo. 481,650

$61,622,70071.259.600

499.714.70011.207.600

592,176,20093,677,100

116,036,600209.713.700 148,044,050

$60,922,70071,605,100

402,986.00014,356,300

455,739,90098,644,90073,113,800

171,763,700113,934,975

Burping reserve 19,260,050 In c .1,665,650 61,639,650 57,828,725

foreign Exchange.—The foreign exchange market ] been dull but firm and prices have further advanced. 1 demand has been met in part by drawings against gold sh m.-rits. of which the total for the week has been SB 250 0 including $2,250,000 going to-morrow.

To-day actual rates of exchange were as follows: Bankc sixty days sterling, 4 87^@4 88; demand, 4 S9U@4 89 cables, 4 89%@4 89%.

Posted rates of leading bankers are as follows :

N ovem b er 15. S ix ty D ays. D em an d .

k t s a r * wufl °nDoonraetitary oomiuerolaiFarts bankers’ (truncal ...............

4 88%4 87%-a4 87’a4 86% ®4 875 17%® I613la

40%a4031(, 95% »953,„

4 90

Frsi,k ’£ r t rL <&“, l 'l0r!' ) b a k e r s ......... . " I -• ran kfo rt or Brem en(relohm arks) b’kern’5 15%® 141Bln

40»lfl®403s 95%®9511, b

Railroad and Miscellaneous Stocks.—The end of the re­cent downward movement of stocks was in most cases reached on Saturday and this week the recovery has been general. The grangers have advanced from about 1 to nearly 3 points, which was natural in view of the present and prospective large increase in traffic returns.

The recovery of the coal stocks has been less pronounced except in the case of Central of New Jersey, which is 2 ^ points higher than at the close last week. The Atchison shares, Mo. Pacific, Mo. Kan. & Texas preferred, Wabash preferred Louisville & Nashville and Southern Ry. preferred have ad­vanced from nearly 1 to l 1 points. The annual report of the Manhattan Elevated was issued on Wednesday, showing a decrease in earnings, and the stock, which sold bn Tuesday at 106^, declined to lOl^J on Thursday and closes at 100% Reading sold at 13% on Thursday, but has declined to 11 on reports of some features of the new ptlan of reorganization which may be given out next week.

The industrial list has been influenced to some extent by the recovery in railroad shares, and these stocks are generally higher. Without any special news affecting American To­bacco, Col. Fuel & Iron and Tenn. Coal & Iron, they had advanced from 1 to 3 points oil Thursday, but have since declined. United States Leather preferred sold at 71% on Wednesday and closes at 70, against 67% last week Under various rumors about a change of executive officers, probable new relations with the Westmghouse Company, &c &c., General Electric has fluctuated between 28% and 33, closing at 31%. It was rumored early in the week that nego­tiations were in progress between the Pacific Mail and Panama Railroad companies and Pacific Mail stock advanced from 27 .to 33, closing at 31%. American Sugar, Chicago Gas and Distilling have been relatively steady and changes are unim­portant,

November 16 isy j.j IHE CHRONICLE. 861NEW YOlMt STOCK EXCHANGE— ACTIVE STOCKS fo r week ending NOVEMBER 15 , and since JAN. 1, 1 8 9 5 .

HIGHEST AND LOWEST PRICES.STOCKS.

Sales o f the

Week, Shares.

Range for year 1895.

oaturclay, 1 Nov. 9 ;

Monday, |Nov. 11. |

Tuesday, W ©dneiday, Nov. 12. 1 Nov. 13.

Thursday,Nov. 14.

Friday,Not. 15. Lowest. H ighest

- A c t iv e K IS . S lo c k s .15% 16%;! 16% 17 f 16% i7% : i7% 13% 17% 18% 17% 17% At.Tup. A S.Fe, ailiuatal. paid 50,458 3% Jan. 30 23% Sept 2025% 25% 25% 20%! 263; 27% 27% 27% 27% 27% 26 V 26V Do. pre£., when issued.. 2,800 24V Not. 4 36% Sept 3

*% 1 V % % % % V •% i Atlantic A Paeilie ................... 1,300 % Feb. 27 2 May 135TJ, 55 54 55 | *54 56 57 57% 07% 57% *50V 60 Baltimore A Ohio.................... 2,430 49 Mar. 8 6 6% Sept. 953% 53% *54% 55 %! 56% 50*» 56% 56 V 56 56 '57 V 58 Canadian Pacino.................... 410 33 Mar. 8 62% Sept 3053% 53 %; 54% 54% 54% 55V 55 55%! 55% 55V 54% 54% Canada Southern.................... 1,810 48 Jan. 30 57% Aug. 29

105 10(1 % 1054*J 106 ; 105% 107%; 106% 108 107% 108% 107 107% Central o f Now Jersey............ 8,987 81% Feb. 18 116% Sept. 415% 16 15% 15% 15% 15% *16 16% *16 16% *16 16% Central Pacific.......................... 623 12% Feb. ti 21% Sept. 419 19 ; 19 19% 19 i9% : i 9 % 1 0 % 19 V 19 V 19 19 Chesapeake A Ohio................. 4.070 16 Jan. 29 23% May 11

-160 165 *160 “160 .........* 160 *160 *160 . . . . . . Chicago A A lton ...................... ........ 147 Jan. 9 160 J uly 982% 83% 83% 84 83% 85% M5% M6V 851-i 86V .85% 8 0 %>ClUcaeo Burlington A- Qulney 102,840 69 Mar. 4 92% July 29

*16% 47% 47 47% 100 47 Nov. 7 57 May S101 ik tOl-V *100 103 ” i Do pref. 23 90 Jan. 31 106 S ep t 572% 73% 74 75 5 74% 76 75% 76‘% 75V 76% 7.5% 75% Chicago Milwaukee A St. Paul 133.5811 53% .Mar. 9 7S78 Sept 4

125% 126%. *125% 127 127 *126% 127% 126% 127 127 127 Do pref. 891 114% Mar. 29 130 Sept. 5101% 105 % 105% 105% 103% 106%! 106% 106% 106 V 106V 106 lo iili Chicago A Northwestern....... 14,350 87% Mar. 4 107 V Ooi. 16116 148 14M >146 150 14m% 148% *147 150 I t s 148% i)o prof. 160 137 Feb. 14 148 Sept 2473 71 74 75 ! 74% * »> '4* 7-a V 76% 70 77% 75%, 70% Chicago Rock Inland A Paeilie 48,223 60% Jan. 3 84% Aug. 2840% 40% 40% 40 V 40% 41% 41 11% 41% 4.1% 41 41 Chicago St. Paul Minn. A Om. 1,844 28% Mar. 8 46 Aug. 29

♦120 121 120 124 |4 2 0 124 *121 124 * 120 121 *121 124 Do pref. 104 Mar. 30 123% O ct 2239% 39%. 40% 40% 41% 42 1 42 12% 42% 42% 41% 41% Clove. Cinein. Ohio. A St. L ... 2,740 35% Feb. 13 50 Aug. 2895% 95%' •90 95 i Do pref. 10 82 Jan. 10 97 Augn 2819 19 19% 19% *19V 20V 20% 21% *20 21 20 20 Columbus Hocking Val. & Tol 050 16 Jan. 29 27% Apr. 1

*57% 62 59 30 1 *57% 62 •-'•7% 62 "58% 62 '58 V 62 Do pref. 300 55 Jan. 9 60% Mar. 27129 i2o% : 128 129 12M 129% 129% 130 1*29 V 1*29V 129% 129% Delaware A Hudson............... 5.761 123 Mar. 9 134% Sept. 4168 106 160 168 169 107% 109% 169% 169%. Debt ware Lackawaiina&Wost 2,890 155V Mar. S 174 G et 1

13% *14 •13 V 15V *14 15 10% Jan. 29 17% Sept 1014 44% 15 4 5 : 43% 16% 47 W% 48% 48% 47% 47% Do p rof. 3,060 32% Jan. 29 55% Sept 0

•25 30 i *25 30 *26 30 *26% 30 *2 6 % 30 *26 30 Evansville A Terre Haute___ 26 Nov. 8 51 May 11*120 125 120 123 118 125 120 120 *120 123 *120 124 Great Northern, pref............... 200 100 Jam 28 134 Ju ne20

<»6V “96 9-* 99 V 99 V 3,100 106 Sept. -1*9% 10 *9% 10 10 1CI ’ 10 ’ *10% 10% *10 10v Iowa Central............................ 300 5^8 Jan* 28 11% June 13

♦31 33 | 31% 31 % 32 32 ; m 3 3 331* : « % 34% 35 Do pref. 710 19 Jan. 31 38 Sept 322 22%; 22% 22 % 23% 21% 24% 24 8, 21 24% 24 24 Lake Erie * W estern.............. 2,820 15% Feb. 11 23 July 23

*73 75 i *74 75 75 754* 75% 76% TIN 75 71 % 74% Do pref. 1.341 69 Jam. 28 85 June 26147% 117% 14m% 1 19% 149V l t 9 V U 9 V 1 U» !l 149 V 150 V 130 1‘8) I^ike Shore a M idi. Southern. 1.411 134 V Jan. 2 153% July 2385 85 j *84 m5 % *84 M5% *M3% 85 V 83% 83 V *83 85 Long Island........................ . . 130 83% Apr. 19 88%Jau. 518% 19 | 18% 18%, 17 18 16% 18% 17 17% 17 17% Long Inland Trac., all ins. pd. ] ,682 5 Mar. 25 22 S ept 451% 514* 52% 53 V 52% 51%; M % 55% 51 55V 53% r.1% Louisville * NhmIiviIIc ............ 01,693 46% Mar. 12 66% S ept 1

9 9%! »% 9 V 0 V 0% 9% 0% 9% 9V 9% 9 % i.<,U!»>. New Albany A ( 'h ie .. 3,150 6 Mar. 6 10% May 24*25% 26% 26 26%; 26% 20%: 27 27% *27 27% 28 V 26V Do pref. 1.610 20 Jan. 4 29% Sept 4103‘ * 1<>5 •» 105% 106% 106 106% 102% 106% 101% 103% 100% 102 Manhattan Elevated,oonsol.. 58,070 100% Nov. 15 119% May 797% 99 ,■ *9* 99 99 99 i . . . . . . 99% 99 V 450 91% Mar. 4 103 June Is22% 224*1 22% 22V 22 V§ 23 23 23% 23% 33 V *23 V 23 V Minneapolis i t St. Ixmls......... 2,550 14 May 23 26% S ept 582% 84 %4 M3 M3 f H4 84 *83% 85 84 Ml “83V 84V Do 1st pref. 400 79 May 23 83 June 1952 ft 4 1 52 52%| 52 53% 53% 54 53% 55% 3 1 M V Do 2d pref. 2,77(1 39% May 23 62 Sept. 514 1 i U i * 14 14% 11% 15 14% 15 14 V 14 V Missouri Kansas A: Texas....... 2,320 12% Jan. 30 19 June 2630% 30%; 30% 31% 30% 31% 31% 32% 31% 33% 31 31% Do pref. 11,180 21% Jan. 29 41 Sept. 939% 29 4* 20% 3 o v 29% 311* 31% 32 V 31% 32% 30 V 31 V Missouri JVeiftc...................... 32,248 18% Mar. 11 42 V Sept* 910's 20 “ 19 20 *19 21 ; 20 20 *19% 20% 20 20 Mobile A Ohio........ .............. 410 13% Mar. 20 27 Slay 3173 81 •75 81 1 *75 61 *75 Ml •75 Ml 80% 80% Naahv.CheHanoOga&St Louis 1(H) 64 Jan. 29 81 % O ct 999% !>;*% 99 00%; 99% l o o : 100% 100% *09% 100% 90% 100% New York Central ,V Hudson 1,814 92% Mar. 15 104% Aug. 28

*13 13 i 13% 13% *13% 14 \ *11 11% 14% 14% ♦ 13% I t% N«,w YorkChicago & St. l^mt* 200 11% Feb. 20 18%.May 13'*70 74 i “70 75 74 74 *72 75 74 74 “70 73 Do 1st pref. 300 65 A pr. 23 74 (Jet. 24*2H 31 “JH 32 29 29 j *26 31 *29 31 30 30 Do 2d prof. 200 24 Feb. 21 34% May 17

9% iOVl lO** io% 10V 1L 11% n % 10% n % 10% 10% N. Y. L. E. A W n, 2d lus't i » l 4,230 7 V Mur. 9 15% May 11*>** • *20 22 20 20 120 16 Feb. 20 32% J utio 15

13 43 | 44 I t *36 15 10% 49% *10 60 50 50 N.Y. A N.E.. tr. rue., all In*. im! 310 29 Jan. 29 65% Aug. 15183 185 1 181% 164% *isa 185 ! 184 181 *183 1*5 18-1% 181% New York New Haven A H art 148 176 Sept. 23 21 h June IS

15% 15V 15% 16 15% 16% 16 16% 16 16V 15% 15% New York: Ontario A Wrotern* 6.255 15% Nov. 9 19% May 1110% lo% 10% Hl% lOV 108, 11 11% 11% 12 *11 12 New York Su#u. Jk We#t>, new. 2.652 6% Jane 7 14% Jan. 2131% 32 32% 32% 32% 32% 33% 33% 33 V 31% 33 33% Do pref. 3,336 21 June 10 43% Jan. 18•a»4 3% 3% 3%; *3 ........ 3V 3% a 3 *3 3% Norfolk A Western................... 6(H) 2 Mar. 5 6% May 1310% 10% 12 12 1 * i i% 12%: ......... 12% 12% 11 11 % Do pref. 600 »% Mar. 4 19% Jan. 184% 4% 4%, M* ! ‘l 1 H 1% 4% *4% 4% Northern PaelBo...................... 2,120 2% Jan. 28 8% May 13

15% 10 I 13% 16% 15% 16% 16% 16% 10% 16% 16 16% Do pref. 0.017 13 Feb. 27 27 May 11*21 24 1 *21 24 20 20 1 *20 24 *20 24 •20 25 Oregon R’y <k Navigation Co. to 17 Apr. 5 32 June 11

3% Jan. 29 1 1 V Aug. 293%. *4% 5% *4% 5% 5% 5% *5 5*4, *1% 5 Peoria Decatur *■ Evansville. 100 3 Feb, 4 7 % Sept 7

i i% 12% 12% 12 V 12 12%' 12% 13% u % 13% 10% 12% Pbilmlelphla Jt Reading......... 81,697 7% Mar. 4 22% S ept 418 18 j 17% 18 17% 17*. 16 1H 18 18% 18 19 |•Ittal>ariClnIl, CUlc. A St. I,. 1,557 15 Jan. 12 22% May 13*53 56 *52 58 1 *34 58 , 36 50 55 m *53 57 Du pref. 97.0 43% Jan. 30 60% Sept 23*20 30 *27 30 ! *27 30 *27 30 •27 32 *26 32 I’ lttsbur* A Westerii. pref.. . . 28 A p t 17 34% S ept 5

17 17 1 I NI lft Anr. 16 19V June 1711* 120% i t s 120 119% 120% *119% 120% •113V 120V 118 120 Rome Watertown St Ogilenab. .1(1112% May 4 120 Nov. 15

65 65 *59 64 *.M*V 64 *59 64 *59 64 St. IjOuIi* Alt. A* Terre Haute. 35 V Feb. 15 68 J une 6«% 6%: 6 0 | 6 «% «% 6% 6% 6% 6% 6% •8t. IemU Southwi'.lorn.......... 3,158 4% Jan. 25 9% Sept 3

13% 13‘ *. 12N 13%! 13% 13% 13% 14% 13% 13% 13% 13% Do pref. 3,120 8% Jan. 29 19% Sept 9*26 2 » *26 21* *26 21> *26 29 38% ‘Mia *26 30 st. I’aul A Duluth.................... 100 18 Feb. 5 35% Sept 5• m 91 1 91 * 91 1 *8M 91 *M$ 91 88 88 Do prof. 150 88 D ot 18 95 May 11113% ID! 113 117 113 117 *113 116 *113 116 *113 113% St- Paul Minn. A M anitoba... 104 Mar. 8 116% May 1521 21 ! 21 21=4* 20% 21-4*1 21% 22 21% oo b 21% 22% Southern Pacific Co................. 2. MOO 10% Apr. 17 26% Aug. 1n % n % u % 11V n % 11V 11 % n % 1 IV I I ‘ h 11% 11% Southern,voOn* trust, certtf. 10,076 8% Jan. 29 14% May 1034% 35 ) 35 35% 35% 36 : 35% 37% m 37% 35 V 30 Do pref., voting trust, cert. 10,222 29% Jan. 29 44% July 9

8% §7*| 8% M%J 8% 9%: »% 9% 9% !•% 9 V 9V Texas & Paelflo. ....................... 3,450 8% Jan. 30 14% Sept 3*% l *% %! *% %( '% i *% •% % Toledo Ann Arltor A N, Ml eh. % Nov. 7 4% May 14

35 to •35 40 *35 40 *35 40 *35 to •33 10 Toledo A Ohio Central ........ 36 Oct. 2 49 June 14*75 78% •75 77%’ *75 77% *75 77% *75 77% *75 77% Do nref. 73 Jan. 14 81 Mar. 21

0% 9% 0% 10 1 10 10% xo% 10% 10% 10% 1 0 V 10V Union Pacific............................. 5.837 7% .Mar. 14 17%.May 11*4 4% *4 4%. 4% 5 ! f*V 5V 5 5% 5 V 5 V Union l*aoI Ho Denver A G ulf. 1,5(H) 3% Feb. 11 8% Sept 47 7%. 7% 7%; 7% 7%; 7% M% 7% 8 |*7 B WsdtiwtetS. . . . . . . . . . . . . . . . . . . . . . . 2,180 5% Mar. 6 10% Sept 3

1,8 % 1*'V 16-8 19 V 19% 20%: 241% 21% 20% 21 2 0 % 20% Du pref. 20.225 12% Jan. 29 20% Sept 313% 13 Vi 13% 13% 13 V 14 18% 1 1% T13% 14% 13% 13% Wheeling A Lake Erl©___ ... 10,310; 8% Feb, 28 18% June 2740% 41 %| 42% 42% *40V 43% 41 12% 42% 42% 12% 12% Do pref. 2,220 35 Feb. 25 54% July 2*i% 5% *4% 6 5% 5 *5 3% Wise. Con. Co., voting tr. ctfs. 7(X) 2% Mar. 1 7% Sept. 3

, , 1 M lnrdluuiM uifi M m k t ,•20 21 20 20 | 19 20 21 21 21 21 l.f j l f 18 V Feb. 13 30% 51ay 1370% 70% 70 70 I 70 70 71% 72 71 71% x«7% 68 Do prof. 1,359 62 Feb, 18 79% .May 13m# 100% 98% 100%. 06% 100% 6«% 102% 100% 102 09% 101% American Sugar Kolining Co. 176,077 86 V Jan. 3 121% June 139!/ 90 97% 9 m ; 98 9M j 98 99 98% 99 00 99 Do pref. 2.M44 90 V Jan. 8 107 Aug. 187% 89 j 87 MM% MM 90% 88% 91% 90 91% 87 90 American Tobacco C o............ 102.624 84% Feb. 21 117 May 2710| lo t §104 104 lo a V F«h. 27 116 Aug. 28

04 16 78 V Jan. ] 16 5 V 63% 6-5% 08% 668* 61% 66% 61% 60 ill% 65% Do.Cent.Tr.Co.eng.ots.of don. 104,210 03% Nov, 11 69% Oct. 23

140% 146 H 146 1 16% 1 47 117% i 18 148% 148% 149% 149 149% Consolidated One Company.. 4.1531126 Jan, 29 149% Got. 3120 20% 19% 20V 20% 20% 20% 21% 20 V 21% 19®8 20V Di*.AC.F.Co.,tr.ct«.allins.pd. 42,080 13% Mar, 20 25% 8opt.3030% 30% 28% 30% 29% 31% 31% 32% 31V 33 31 V 32V General Electric Co ............... ih ,5s<; 25% Mar. 4 41 Sept, a30% 30%, 30% 30V 31% 31% 31% 32% 32 32 31V 31V National Lead Co.................... 2,156 26% Feb. 16 38 Jan. 1890% 90% 90 oo% 91% 81% 92 92 02 92 01% 91% Do pref. 87C 78% Jan. 28 94 % Aug. 204% 5» i s 5 | 5 » : 5% 5** 5% 5*4 5 5 North American C o................. 2.015 2% Jan. 30 7 May 1327 27%; 27% 29% 3o 31% 29% 31 3 0 32 30% 31% Faellle Mall....... ...................... 34,945 20 Jan. 2(1 34% S ept 18*140 *156 *** — f•15i .........*135 *159 *162 ......... Pipe Line Certifleatefl............. 95% Jan. 4 181 May 10

104% 164%) 164 161 105 165 165 165 *165% 167% 167 % 167% Pullman Palace Car Company 776:154 Jan. 2 178% Juno 17“fJ7V 68 *67% 08 07% 67% *67% 6 m i* *67% 67 V *67V 68 Stivor Bullion Certificatea___ 2,000 60 Jan. 10 09% Oct. 931 % 33% 32% 34 33 V 30 34% 36% 34 36 33 34®h TenncHMoe Coal Iron «fc H R ... 32.145 13% Jan. 29 40% Sept. 10

74 Apr. 17 102 \ Si'pt. 97% , 1 s 7 7 7% 7%! 7% 7% 7% 7% 7V 7 V U .8.Cord.Co.,tr.rcc alt lnt.p<L 1,885 % July 9 9 ’ Oct. 5* 1 3 % I t j 13% 13%: n % 11% 14% 1 1% 11% 14% 14 14 Pref., t r . ree. all in«. pd. 06S 1% July 25 17 Get, 5n \ 11 'ft in * 1 1 % 13 13% 13 13% 13 13% 13 13 V United 81 a tea Leather Co....... 8.49C 7 Feb. 27 24% .May 307% 64% 6/’ % 68% 68 71 % 70% 713, 70 V 71% 60% 70 % Do pref. 26,201] 58 Feb. 27 97% Mav 2735 .4.* | 35 35% 35% 37% 37% 36% 33 38 ’ 30 ^ 37V United States Rubber Co....... 3,373 33% Nov, 6 48 June 389% 89% 90% 99% 90% 90% 91 90% 91% 90 90% Western Union Telegraph___ 19,769 MB Jan. 29 95% Sept. 3

• Thee* *ri bid an l .t-ked no made. t AUassesameuU paid. I! Lowest In o x dividend. t -Id assessment paid.

662 THE CHRONICLE. VOL. LXI.

MiW VOKK S i )i k K.VUiilNUE l»RiCE3 (Conr.lnned)-iALlg:m,ff STOCKS. gindicates actual sa lesj

iHJkOTJVR 8TOCRA f Indicate* a nil* ted.f t i l l r o f t d s t o f k e ,

A lb a n y A 0 u *q u eb a m m ...........8 » j t dt O* " - F'Wf.i new .... Belleville * South. III. prof... Bo*ten A N. Y. Air IJne prer Brooklyn Elevated ....... . . . . .

Preferred,....................-Bart, OedAr Rapid# & Nor... Clev. .Loral it A Wit eel. pref.Bee Mo;nee A Foi t Dodge..

Prefrrrm! .................. . . . JHIDuluth 80. Shore A A tlantic Ts.

P referred,........ ..................Gr. Bay Win. A St. P. tr. reo ..

Indiana TUluoB A IowaKeokuk A I>e« Moines.Loutav. 8t, Lotus A Texas.

Mexican Central..

New Jersey A N. Y. '

Noc. 15. R a n g e ( t a l e s ) i n 1895.

Bid. I Ask. L ow est. H igh es t.

..100 170 1170 July 170 July.100 16 4 *e Mar. 12 May.100.100 10 r i*o7>“ lO lL A pr. 105 "J u ly.100 20 20*3 19 July 2 1 ‘a Aug.

21 19 Apr. 24 May.100 55 58 Jan. 60 Apr..100 60 •15 May 54 • Sent..100 ; «1 61*3 58 Nov. 6456 Oct.

167 140 Apr. 107 Sept..100 8 9 5*e Feb. 11 Jim©.100 49 53 30 Jan. 55 J me.100 2% Mar. 30% Nov..100 10** 12% 5*4 Mar. 16% June.100 9 Apr. 21 Sept.

34 Apr. 50 Sept..100 % 3a % Oot. 2 May.100 •II *8 Oct. 4*« May.100 2 *a 3>s 1 *a Mar. 3=g Sept.100 86 May 90 July

.100 16 lT tj July 24 May

.100 9 7*2 Nov. 10 Apr.

.100; 3** 4 3 Jan. 6 May100 17*3 13*s Mar. 17% July100 4 1 Aug. 1 *3 Apr.50 108 . . . .

100 JIU ^ 112 83 ■« Apr. ) 12 Nov.100 12 8 Mar. 14% Sept.100 i>« 1 % 1 *9 Apr. 4 May50 156 Feb. 170 Oct

.160

.100100 114*4 Feb. 118 Feb.

.100 70 80 58 Mar. 70 Aug.100 5 15 4 June 19*3 May100 6 9 2 Jan. 10% Aug.100 180 178 July 183 Apr1001 139 393* 30 Mar. 46*4 May100 9 10 1 0 J une 11 Oct.

I n a ct iv e s t o c k s . f[ Indioatos unlisted.

M is c e l la n e o u s S t o c k s .Adams Express............................100Americau Bank Note Co ..............American Express...................... 100Am. Spirit Mfg. Co (when issned)H

Preferred (when issued;If............Amer. Telegraph & C able .----- 100Bay State Gas IT......................... 50Brunswick Company..................100Ohio. June. Ry. & Stock Y ards.100

N ov. 15.Bid. Ask.

115042

J11612is92

Edison Elec. 111. of N . Y .

Illinois Steel...Laclede Gas.

Preferred..Michigan-Peninsular Car C o ...

Pref erred.........................Minnesota Iro n ................National Linseed Oil Co..

Quicksilver Mining.

.100 4*2 5

.100 33 33=4100 98

.100 3 4

.100 150

.100 33

.100 95*3 97=,100 __1 OO100 179*8100

.100 12482 85

100 50 60.100 22

60 63TOO }70

‘ lOO 22*3 24.100 5 1 7.100 6 9.100 8 10

50 320100 1214100 16*a100

.100 29 30100 43 46100 194*3

.100 94 100

44117

13*«

R a n g e ( s a le s ) i n 1895.1L ow e s t . Highest

1*2

140 Jan.37 May

109 Feb. 125g Nov. 45*2 Oct. 89 Mar. 13 Mar.

% Mar. 89 Feb,

4 Mar. 23 *s Mar. 50 Feb.2*3 Jan. •

145 May 28*4 Apr. 28*<a May 94 *a Mar.

106 Aug. 45 *2 Feb. 70 July 30 hj Feb. 23 July 81 Mar. 50 Jan. 20 Oot. 52 Jan. 39 Feb. 17% Jan.

5 Jan.6 Jan. 8*3 Mar.

310 Jan.2 Jan.

12% Jan.7 Mar. 338 July

36 May 91 *s Nov. 395s Nov.

153 Oct. 43 Sept. •

l l 9 1s May 15*4 Oot.49 Oot.

100 Aug,.25 June-

4% May106 July

11 ho J une1 4113 Septa

100 Sept.9*s June

164% Sent 34 Aug. 31 Aug.

102% June 112*4 Jan.

70 Oct.. 82% Oct.. 41*4 Mar. 33*8 June 92 May50 Jan. 23 Nov». 63 Nov. 72 Oct. 31®8 June-12 May

9 June10*3 Aug„.

340 July 4*8 May

20 Apr. 12% May 3378 Oct.50 Septa 98*3 June

115*3 Sept.No price Friday; latest price this week. t Actual sales.

" NEW YORK STO CK E X C H A N G E P R IC E S .—STATE BONDS NOVEMBER 15

SECURITIES. Bid. Ask.

North Carolina^-68, old .......... J<feJ ....... .........New bonds, J & J .........1892-1898

11

104124107

1

Consolidated 4s.................... 19106b...................................... 1919

South Carolina—4*38, 20-40..1933 6s,non-fund.................... . 3 888

SECURITIES.Alabam a—Class A, 4 to 5 ....... 1906

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

Arkansas—6sf fund. Hoi. 1899-1900 do. Non-HoJford

7a, Arkansas Central R R ............Loaiidana—7s,oons.............. -.1914

Stamped 4a........ .................New con ole. 4s...................... 1914.

Bid. Ask.109%109%100%;oo%i ’5'0

100

111*3

SECURITIES. B id . A sk .

Tennessee—6s. old ....... 1892-18986s, new bonds --1892-8*1900'

do new se r ie s ..............19141Compromise, 3-4-5-6S — 19123s..................................... 1913Redemption 4 s . .„ . .a............ 1907

do 4*38..................1913Penitentiary 4*38......... 1913

Virginia funded debt. 2 -3 S ...19 9 1 6s, deferred t’ st reo’ts. stam ped.

62*46

89

62%6%

,lNew York City Hank Statement for the week ending November 9, 1895. We omit two ciphers (00) in all cases.

Ba n k s .(00a omitted.)

Bank of New York..!M anhattan Co.........Merchants’ ..............Mechanics’ ...............America...................Phenlx................ . . . .City........................Tf&de-raion'a.........Chemical..........Merchants’ Exck’ge Gallatin National. .. Bntchers' A Drovers’ Mechanics’ « Trad’sGreenwich...............Leather Mannfac’ra Seventh National... State of New York.. American ExchangeCommerce............Broadway................Mercantile...............Pacific......................Republic..................Chatham...................People’ s ...................North America.......Hanover...................Irving.......................Citizen’s ..................Na**an......................Market A Fuitori... Shoe & Leather....Corn Exchange.......Continental..............Oriental .................IIm porter#’ ATradersP ark .......................Jhurt River..............Foorth National___Central National___Second National.... Ninth N ational....,First National........Third National........N.Y.Nat. ExchangeBe wenr.....................New Vork County.. German American..Oh#** National........Fifth Avenue......Oercaan Exchange..G*jrmania..................Coiled State*........Lincoln,...............Garfield................... *.Fifth N ational..... Bank of the Matron. We#t Side.. . . . . , , , ,Seaboard........Sixth National____Wee torn National., Fust N at Br'ktyn.. Boutiem National,. N at Onion Bank,... Libartv Nat. Rank. N.Y. Prod. Exch’go

C a p ita l ; S u r p l ’s L oan s ., $2,000,0

2.050.0 2 ,000,0 2 ,000,01.500.0 1,000,0 1,000,0

760.0300.0600.0

1, 000,0300.0400.0200.0600,0300.0

1,200,1)5.000. 05.000. 01.000. 01,000,0

422,71.500.0

450.0200.0700.0

1,000,0600.0 600,0500.0750.0

1, 000,0 1,000,0 1,000,0>

300.01.500.0 2,000,0

250.03.200.02 , ooo.o;

300.0750.0500.0

1,000,0300,0;250.0 j200.01 750,01 500,0' 100,0 200,0 200,0500.0300.0200.0200,0300.0200.0500.0200.012.100.01300.0500.0

1,200,0600.0)

1,000,0;

$1,959,2,080,

9542,158,2,340,

412, 3,209,

74,7,395,

161,1,684,

221,370,180,480,107,496,

2,446,3,562,1,618,

959,476,912,

1,008,245,594,

1,952,342,379, 281, 847,32,

1.205.210 ,413,

5,521, 3.145,

1412,038,

532,620,'380, :

7,181,255,i83, <

651,; 474,: 288.:

1,284.: 1,035,!

609,: 631,'554,:567,623,312,785,29f23:328,28;886i'681,415,148.318,

1.7 $12,670, 1,11 13,141. ,9 ' 8 ,906i,0 9 ,778\1 17 ,948 ,9 4 ,239,6 23 ,886 ,2 1,962,4 ! 23 ,800 ‘ 3 ,821

6,546 1,549 2 ,390 1,025, 3 ,023 1.733 3,405

23 ,813 21,364,

6,136 6,877 2 ,528

12 .722 6,015.2.178, 5,893,

15,683, 3,036 2,842. 2,473 4,113 3 .138 9,157, 4,423, 1,826.

20 ,602 , 25 ,477

1,117, 18 ,085,' 9 ,650,5.179, 3,819,

23 ,043 ,'

S p e c i e .

!o 9 ,493 !1,366. 2,868. 2,935, 2 ,698 .

16 ,756 . 6 ,479 2 ,684 3.319, 6,336, 7,551, 4,360, 1,742, 4,595, 2 ,482 5 ,229 , 1,754,

,01 10 ,019 , .01 5 ,547,'

2 .923, 7 ,77 V, 2,179, 3,801,

,0 $1 ,57 0 ,0 ,0 1,210,0 1.2 1 .449,5 .0. 1 ,051,0 " 3 ,940 ,4

440.0 7,150,4

175.23 .240 .0

803.2546.3 180,8185.0140.3267.5 273,9161.1

3 .064 .0658.8970.5

1 ,540,6532,1

1 .286.3 914,7215.3621.4

4 .086 .3285.6468 .6142.3393.7305.6

1,571,9938.0179.7

3 .712.03.369.4

113.9756.3729.0988.0470.9827 .8

2 .072.1148.3453 .0712.1323.1

1,359,0785 .7275.0547.4541 .3

1.055.2758.5210.1865 .8 288 ,0696.0218 .0952 .7711.4194.7790.6

46 .3487.7

L eg a ls . I D ejio si ts

Total.. . . . . . . . . . . 1,122,7 72,889,0 495,923,2|64,419,3

$1 ,990 ,03 .232.0

991.02 .421 .02 .255 .2

756.02.073.5

268.04 .617 .7

374.52.121.1

J .6 3 ,7295.0204.3871.1 228,0491.3

8 .689 .05 .049.3

774.31 .236.3

393.02 .515 .1

801,8383.2686.6

1.832.2385.0243.2517.3 931,6621.4930.0755.5339.0

2 .095.06 .938.6

131.04.691.41.942.01.038.0

541.64 .887 .8

426.4139.7364.0 184,2324.0

4 .152 .81 .027.6

523.8377.9813.1992.4988.9194.2

1.221.1390.0

1 ,017 ,0258.0

1 .642 .3 630,8616.5

1.247.6474.5315 .3

$12 ,460 ,014 .620 .0

9 ,599 ,89 .729.0

20 .649 .84 .156 .0

29 .472 .61.866.0

21 ,303 ,44 .255.3 6 ,339,51.449.22 .380.01.021.42.862.41 .976.22 .642.0

17.812.016 .703 .9

6.009.57.825.53 .077.3

13 .999 .76 .264.73.167.15 .829 .7

19 .616 .62 .794.03 .222.02 .993.14 .600 .23.347.7

10 .297 .65.735.51 .751.8

20 ,860 ,031 .601 .8

979,118 .563 .010 .729 .0

6.551.04 .127.6

21 ,734 ,210 .724 .6

1.211.43 .150.03.539.62 .543.7

20 .460 .97.168.13.278.34.209.97.047.78 .541 .25.003.11.035.76.045.82.684.06.289.01.648.0

10 .239 .05.665.02 .974.38 .037 .22.161.1 3,292,0

New Yorfc City, Boston ani Philadelphia Banks:

86,824,7 527,935.8

Banks.v a jn ia i <fc Surplus. Loans. Specie. Legals. D eposits.+ C irc}Vn.

N. Y.*Oct. 12..

“ 19.. 26..

NOV. 2.. “ 9.. B os *

Oct. 26.. Nov. 2..

“ 9.. P h ila . * Oct. 26.. Nov. 2..

“ 9..

$135.288.4135.288.4135.288.4134.011.7134.011.769.351.869.351.869.351.835.810.335.810.335.810.3

$506.606.0 504,320,3502.492.8500.691.8 495,923,2176.141.0177.315.0176.048.0111.332.0111.725.0111.558.0

$60.861.961.851.963.151.764.208.8 64,419,311,220,011.198.011.148.0

30,30,530,

$86,687,886.509.386.201.3 85,851,2 86,824,7

7.210.06.260.0 6,100,0

62,0148,0)50,0

$533,491,2531.924.1530.663.2 529,862,4 527,935,8162.388.0167.189.0106.416.0111.268.0112.313.0111.426.0

$14.307.3 14,131,114.050.3 14,452,614.363.38.788.08.790.08.873.08.362.06.369.06.340.0

$638,630,7632.773.0641.624.0657.284.0 586,307,992,677,3:

106.158.6109.242.781,792,4,80,671,170,659,4-

* We om it tw o c iph ers in a ll th ese M ure*. delphia the item “ due to other banka.” t Including for Boston and Phila .

Miscellaneous and Unlisted Bonds :M is ce lla n e o u s B o n d s .

Boston Un. Gas tr .certs., 5s. Ck. Jnn.& S. Yds.-Col.t.g.,5sCol. C. A I. DeveL gn. 5s......Colorado Fuel—Gen. 6 s.........Col. & Hock. Coal A X.~ 6s, g. Cons.Gas Co..Chic.—lstgn.SsConsol. Coal conv. 6s........Det. Gas con. 1st 5a...............Edison Elec. 111. Co.—1st 5s .

1st consol., gold, 5s..............Co of Bklyn,, 1st 5s___

Equit G.-L..N.Y., cons.g. 5s.Equitable G. A F.—1st 6s___Henderson Bridge—1st g. 6s.Illinois Steel deb. 5s..............

Non-conv. deb. 5s.................Int. Cond. & Ins. deb. 6s......

M is c e l l a n e o u s B o n d s .Maohat. Beach H. A L. g. 4s. Metropol. Tel. & TeL 1st 5sMich.-Penin. Car 1st 5s___Mutual Union Teleg,—-6s g._ N. Y. <& N. J Telep. gen. 5s. - North-western Telegraph—7s. People’s Gas A C .) 1st g. 6s.

Co., Chicago.... 5 2d g. 6s.1st cons. g. 6s......................

Pleas. Valley Coal -1st g. 6s. Sunday Creek Coal 1st g 6s.. U. S. Leather—S. f. deb., g.,6s Western Union Teleg.—1*._ Wheel. L.E.&Pit-t* CoallstSs

U n listed B o n d s .Ann Arbor, 1st 4s, when iss’d Comstock Tunnel—Ino. 4s..

46 b s

116*ata-i05*ab ■101 a. .100*abo .100 b. . 110*ab.T07 b.

68 b

73%bc. 8 fc

Note.—** b” indicates prioe b id ; ** a ” pnoe asked. * Latest price this w eek

Bank Stock List—Latest prices this week. (*Not listed.)BANES. Bid. Ask. BANES. Bid. Ask. BANKS, Bid. Ask.

America...... 330 Garfield........ .Am, E xch ... 165 120 125Bowery*......Broadway... 240 Germania....Bntchs’&Dr. ..... Greenwioh .. 165 Oriental___Central........ 117 120 Hanover...... 315 350Chase........... Hud. River.. Park.......... 273 300 JChatham...... 340 350 Im. & Trad’6’ 600Chemical__ 4000 .... Irving......... 140 145 Phenix....City......... . _... ...... Leather Mfs’ 170 Prod. Ex.*..Citizens’ ...... . . . . . . ..... Lincoln........ 670

195 198 . . . . . .Commerce... 200 Markets Fix] 400 -----Continental. 128*q Mechanics’ .. 188Corn Exch.. 290 M’chs’ <fe Tra’ 150East River.. Mercantile..llth Ward... Merck ,xits’ .. 130 136Fifth Ave.... ..... . . . . . . Merch’ts Ex. 110 107Fifth*........... ...... ...... Metropolis..First,....,...... 115 190First N., S. I . Nassau, ......14th Street.. 170 _ N, Ams’dam 165 Un’d States234 240Gallatin........ 300 ..... N.Y. Oo’nty. West Side.. 280 1

N ovem ber 16, 1895.] THE CHRONICLE. 863BOSTON. P H I L A D E L P H I A A N D B A L T IM O R E S T O C K E X C H A N G E S .

A ctive S tock s .8 Indicates unlisted.

A tch. T. A 8. i ' e i ! Bolton) _ 100 A tla n t ic A P sc. " 100B altim ore A Ohio (B«<L).10O B a lt. Cits- Paas’ger " 26B altim ore Traotlon “ 25B altim ore Trao’nVfiPAiL). 25 B o s to n * A lb an y(Bottom). 100

t y 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 .

too100100100100

Boston A Low ell Boston A M aine C en tra l o{ M ass.

P referred Ohio. B a r . A Ciotn.Cnle. M il A I t . P. iPM JJ.lO O Cbo O. AG.vot-t-e. “ 50Olt. St P.y of Ind li 100E lec tr ic Tract ['n “ 50F itch b u rg i»ref .(Bottonj.100 L eh igh V a lley - (fhita./. SO M aine C en tra l ( S c io n ) .100 MetropoCn T ra c .f (PAG ).100 M exican C ent‘1 ( Bmton).100 X ew E g la n d . . . . ” 100

P r e f e n e d .......... *• 100N orthern C en tra l (Bait.). 50 N orthern Paciflo ( Bhiia./lOO

P re ferred ’ 100.Obi C olony___J Bottom/ 100P en n sy lv an ia ...iPhita.}. 50 P eo p le '.T rae tio n “ 50P h lla . A R ead ing . “ 50P h llad e lp b T rae. •• 50Union P a c i f i c . Bottom). 100 n i a e e l l a n e o a a S t o c k s .

ijm .S u ip r Re&a.X l Botlm)-----P re fe r r e d __ _

B e ll Telephone .Bo«t. A M ontana.B utte A Boston .C alum et A H ecla C an ton Co . . . . . . . (Balt.)AOOConsolidated G»* •* 100ffiee.W or. B a t 'y f (PAifm). too

P referred f - 100!E rie T elephone. (Botlon). 100; O ecsra l 1, 'e c tr ie . " toot

P re fe r re d . . . . . •• 100;Lara son SloreUer “ 50Leh'.'b Co MA S av . / BMIa.) SO! K. E ,Telephone i Motion t 100. - Untt'dOa# lmp.Vf/*g)/a.>. 50 Wessbach L igh t 1 '• 5.W est End L a n d . ,(Bottom).

1002.52525

S a tu rd ay , Nov. 9.

M onday, Ju-v. 11.

T uesday , Nov. 12.

W ednesday, Nor. 13.

T h ursday , Xov. 14.

F rid ay , Nov. 15.

15% 16% 16% 17 17 17% 17% 18% 17% 17% 17% 17%*3* h *1

*54 *54 56% *50 58•75% 7 5 * 76 76 • 7 5 % 77 76*4 76%

__ 17% 17% •17% 17% ‘ 17% '17% *17% 1817% 17% 17% 17% 17% 17 % 18 IS •17% 18 "177e 18

208 JC8% * 209 203 206% 2i'8% 238% 208% 208 % *208 2039a ifi *206 *200 *206 *206 20H176% 177% 177 177 *177 174 177 176% *177 178% 178 178

12 12 *__ _ 12% 13 13 *11% 12% • 1 1 % 12% *12 13* 56 * 57 *45 4792% 83% 83% 84 84% 85% 85% 86% 85% 86% 85% 86%72^ 73% 74 75 71% 75% 75% 76% 75% 76% 75% 7S%13 13 13 14 13 13% 15 15% 15% 15% 15 15%51 52 52 52 52 53% 50 52 50 50%63% 0i% . . . . . . 64 61 *64 *6492% 92% 92 92 92 92 •92 93 93 93 93 933 J 1 39% 39% 40 40 40 \ 40 \ 40"* 40% 41% 40% 41%

130 130 134 134 l :i4 138 *135 137100 100 104% 107 1073* 110 109% 110% 110 l 2% 111 112 V*• u % n % n % 1 1 % n % 12 12 12 •11% 12 n % l l 7841 4L 41 41 •13 45 *43 •48 4975 75 75 75 .......... __ 75 77 79 80 •80 8270% 70% 70 70 70 *70 70

4% 4% 4% 4 % 4% 1 % 4% 4*« 4% 4'% 4%•15% 10% ___ . . . . . . *16 10% 10 % 16% *16% 16% *16% 16%178% 178% 176 176% 178 178% •178 178% 170 H 170 4 170 \ 178%

52% 53 52% 53 53 53% 53% 53% 53% 53% 53% 53%50 56% 55% 57 57 57% 56 58 *57 \ 58 57% 5 7 %5 ‘* i« 6% 0% 6 6% a*i» 0% 0 07* 5% <i> H71% 73% 71 73 73 74 74 74 73% 7J% 72% 73

« % 9 % 97* 9% 10 10 • 10% 10% 10% 10% ‘ 10% 12

99 100% 98% 100% 99 100% 99% 102 100% 102 99% 10198 O S * 9 7 7. 94 96 97% 99 99 99 98% 99

19f% 200 198% 190 199% 200 199 199 * 199% 20 » 199% 199%05 06 85% 70 74 72% 75 71% 74v* 71 73U % 14% 14% 15% 15% 10 15% 16% 16 L7% 10% 17%

305 305 305 305 305 305 305 30 > '3 0 5 309 310 310*08 70

63% 6 3 % 63 03 02% 83% 63% 60% 00 6 0 k 5 9 % 59%35 40 30 m 38 4*2 42 42% 41 43 H 43% 45 v*3 5 % 33 31 3 0 39 4*2 43 43% 4 4 44 45 4060 60 54% 00 89% 00% 0 1 % 61% 02 62 62 0230% 30% 29 30% 30% 31% 31% 32% 32 32% 31% 32%

62 62 02 62 02 62 *62 64•20% 20% 20% 20%; 20% 20% 20% 20% *20% 20% •20% 20%

1 0 40 *46 1 47 47 •46% 47 46 4 6 % 40 40* 87 80 s s ' 60 00 86 86 86% 88% *80 86**

63% 91% 81% 81% 8 4 * 46% 86% 80% 8 6 % 8 0 % 03% 86*t67 <5 j 57 8<i% 69% 71% 78 70% 75% 70% 1 70 77*2 2% 1 -3 a % *2 2% •2 2% *2 2 ■2 %* B id attsd asked price* ; no ta in w&* j in add. 1

Sa le s of th e W eek,

Shares.

28,173150

13105100756

3d

15429

24 ,09621,0002.6302.630

70 101

3,84571

13,9641,160

160 278

39 •1 ,3 3 0

300 225 2 ,6 J 4 1 ,215

34 ,250 4,231

351

39,4731,471

43747,90215,285

27|

R an ge of sa le s In 1895 .

Low est.

3^8 J a n . 30 50 J a n . 23 49% M ar. 8 69% M ar. 11 14% J a n . 28 14% J a n . 30

206% Mar. 13 196% J a n . 2 160 J a n . 2

5 Apr. 13 48 Feb. 28 69% M ar. 4 54 M ar. 9 11% M ay 11 34% Feb. 2 63% Nov. 9 82% J a n . 11 27% M ar. 8

125% J a n . 7 81 Apr. 2

5% J a n . 31 41 Nov. 9 75 Nov. 6 64 J a n . 29

2% J a n . 30 13 Feb. 27

178% Ju n e 1 4S% J a n . n. 43% J a n . 2-5

3 i3 18 M ar. 4 71 Nov. 11

8 M ar. 12

H igh est.

1,533! 15,193| 6,169

842 3,9J4|

871 201; 02

43 6 ,185

17,434

86% Ja n . 9 0 J a n .

175% Apr. 33% Ja u .

9 Mar. 280 Mar.

67 J u ly 59% N or. 26 J o ne 23 Apr. 15% Feb. 25% Mar. 60 Feb. 20% Nov. 10% Mar.66 Feb.67 Apr. 36 M ar.

2 J a n .

23 % Sep t. 2 2 .May 13

66% Sep t. 9 76% Nov. 15 21% Ju n e 17 2 1 % J a n e 17

213 J u l y 10 207 Oot. 3 180 Sep t. 9

16 M ay 13 60% M ay 14 92% Aug. 28 78% Sep t. 3 17% Sep t. 4 57 "a A ug. 22 87 J a n . 3 98 Aug. 23 43 S e p t 3

140 J u ly 8 112% Nov. 14

14 Sep t. 4 51 Oct. 31 80 Oct, 26 70% Ju u e 7 7% M ay 13

25% M ay 14 182% Ju n e 19

67% Sept. 4 69% Oct. 11

113,e Sep t. 5 99% J a n . 2 17% M ay 10

120% J u u e 13 107 A ug . 1 210 M ay 20

99% J u ly 30 23% J u ly 31

330 J u l y 29 91% J a n . 16 67 Oot. 29 75% Oct. 19 70 Oct, 19 6 9 \ O o t 1 8 41 Sep t. 9 72 J u ly 3 25% A pr. 1 6 49% Sept-. 5 91 J u ly 15 93% Oct. 28

28! 93 Oct. 2 3 30, 3 » ,« M ay 4

In active S to ck * .V r ittt to) H ovtm totr 15,

A tlan ta A C harlo tte (flail.) B eaton A P rovidence t flot loo) Cam den A A tlan tic p f. i T t J a iC a la w la a a ...................... “

le t p re f e r re d ............ •*

C hicago A W e*tM lcti.|/kifen) C onnecticu t * P a c e ., *•C onnecticu t R iver . . . •*Conaol. Tr.o ? of N J . t iPA tia.) D elaw areA B o nn dB r. **f l ln t A P ere M a n ,, . . (Bottom)

P re fe rred ............. •*

P re ferred f . . . . . . . .H unt. A Broad T op,.

P re fe rred .............. . .

P re fe rred .....................l i t t le Bckuvtkits,. . . . . iFham.)Mine BU i A 8. H aven E ecp teho n ln g V a l . . . "(forth A m erican Co. . "Worth P en n sy lv an ia .

B id . A i l .

100 £0%.ICO 864 265

Ml 4250 2 2 %50 50 51 :50 SO 55 1

100 16 10100 142 143100 240 250

.100 r.+__ _ 20%100 161

.100 13 15100 35 38

. 50 51% 32**50 __ ___ 150 3150

ln«> 19 21100 00 65

I n a c t iv e i t o c k t . Bid. A sk. B on d s .Boston U nited G as, 2d to. 5 » . . 1939 i 52 53B url. A Mo, R iv e r E re n p t 6 » , J A J 1116 ! l l e %

Non-exem pt 6* .____ 1918, J A J 1100 ;107%P lain 4 a .............................. 1 910 ,J A J J 97 100

Chic. B url. A Nor. 1 a t 5 .1928 , AAO 104%, 1052d m ort. 6 * ....................1918, JA D 5 98 99%D ebenture 6 « ................ 1896 , JA D } 99 ,100

Chic. B url. A Quincy 4 * 1 9 2 2 , PAAfow a D ivision 4 a___ 1919, AAO

Chic.A W.Mtch. gen. 5*. 1921, JA D Consol, of Vermont, 5a. 1913, JA JC urren t R iver, le t , 5 a ..1927 , AAO D et. L ana.A N or’n M .7a 1907, J A J

505050

10050

04% ,.......j 09 **5 4 % ...........

Oregon Sho rt L in e . . j l M n i / , 1 0 0 P en n sy lv an ia A N. W, (Philo./. SOP h llad e l. A E rie .......... " 50R u tlan d ............... (Botbm).lOO

P re fe rred ....... 100S o u th e rn ....................... fJSaJLJ.loO

P re f e r r e d . . . . ............. •• 100;Weat End.................(B ottom /. 50

P r e f e r r e d . . , , . . . . . , M 50U nited Co*, of N. J . . (PMkto/.lOOWeat J erse y ..... . . . . . M 50!W«#t Je r s e y A A tlan . " 50;W eetern N.Y. A Penn “ 100W iaconstn C e n tr a l,..(Bottom/. lot*

P re fe r re d ................ “ 100W orCat.Naait.AKoeh. “ 100

w isc au u D ko c* .A lloues M ln’g .aaatp d fB o afo n l. 25 A tlantic M in in g .. . . . . “ 25B a y S ta te Gas f ____ “ 50Boston L an d ..................... “ 10C en ten n ia l M in in g__ ** 10;P o rt W ayne E lec t.il.. “ 25P ra s k llu M in in g . . . . . “ 25PrencltoTn'a B ay v s . “ 5TUlnola S t e e l . . . . . . . . . . 100K earsarge M in in g ,. .. *• 25O sceola M in in g .. . . . . . '• 25P u llm an P a la ce C a r . " 100F en ii*y tv an la S te e l .. (/’A d a .) .100

P r e f e r r e d s . . . . . . . . . *• 100Q uincy M in in g. . . . . . (Bottom/. 25T am arack M in in g .. . . " 25W ater P o w e r . . . . . . . . . “ 100W estin gli. Klee. A M .. " 50

P tn l., c u m u la t iv e . *• so

AV?o°pnM ? ^ r nig . ,1 9 8 0 . J A J 2d 2%-4a, a a a a A . .1989 , AAO

Boston U nited G as 1 st 5 a . . . . . . . . . .

9% :

1%

84%8%3826%2%

’ P rice inc lude* overdue ooopooa.

70 ; 11%

7112 ;

69 69%93 93%

239 %’240 i58 ;___M !

203%

4% 525

112 120

% i17 17%10% 10%

4 5 ;•-15 -25 ;

1% 214 15, 1 2 !Va 79 %:17 17%£0% 27 1

165 167 ,45 4875 TO

113 125 1134 135

l 1%;35 35%54% S3 j

78% 79%• 27% 28 i* 79 80 J

94%97 79 89 70

______________ . 72%S aste rn l e t m ort 6 g .l9 0 6 .M A 8 . 5119 F ree .K lk . A M .V ,,la t ,6 s .l9 3 3 , cu .l. <129 K .C.C.A S p r in g .,la t .S g .,1925 ,AAO1} 70 K C. P .8 . A M. eo n .0 « , 1928, MAN $ 97 K.C, M etn.A B lr .,l«L 2 a ,19 27 ,M A » ‘ 63K. C. 8S. J o . A C. B ,, 7 a . . 1907, J A J ;$ 122L . Rock A F t. 8 ,, l e t ,7 a . . 1905, JA J 95 Louie,. E v .A 8 t.fe ,U t(6 g .l9 2 e ,A A O il0 7

2 m ., 5—6 g ....................1936 , AAO t 90M ar. H. A Ont„ 6 a ........ 1925, AAO 4107M exican C en tra l, 4 g . . . 1911 , J A J } 67

l e t aonaol.lnoom es, 2 g, non-cam ,, 2 d co n «o i, incom es. 3s. non-cam !

N. Y. A N. Eng,, l a t. 7a, 1905, J A J '1 st m ort. 6 a ........ .......... 1905, J A J2d m ort. Ga....................1902 , FAA

Ogden. A.L.C., Con.Gs.. . 1920.A A 0Inc. .................................Bu H and, 1st,6# ..............1902.MAN

2d, 5s............................... 1898 ,FAA

A tlan tic C ity l « t 5 », 1919,5;

100 i«0 i90 HO 75%

121 132

77% 99 05

123 97

103 1 95 j

|10908 j

2 1 % ! 22 10 I 10%

123% 124 114% 115

*113 114106 10720

10% 111% 101%

too

i;, * a VI5100

103

Peop le'* Trao. t ru » t certa . 4 a ..1913 P erk lom en , 1st a e r .,5 a . 1918, Q—J P h lla A E r le g e n .M .5 g ., l9 2 0 , AAO

Gen, m o r t , 4 g ..............1920, AAOP h lla A Read. n8w 4 g„ 1958, JA J

l a t pret. Incom e, 5 g , 1958 , Feb 1 2d pref. Income, 5 g , 1958 , Peb. 1 3d pref. Income, 5 g , 1 9 5 8 ,Feb . 12d, 5 a ..................... . . . . . . 1 9 3 3 , AAO

! OonaoS. m ort. 7 « .......................1911, JA DControl, m ort. 6 g ............1911 , JADIm provem ent M. 6 g . . 1897, AAO; Oon. M .,5 g ..«tam ped ,1922,M A N T erm in al 5 « , . . . . . . . 1941 , Q.—F.

Phil. W llm . A B a lt., 4 « . 1917, AAO P itta . 0 . A »L L t 7 a .. . .1 9 0 0 . FAA

!Roche*ter R a ilw a y , con. 5* ..1 9 3 0 ! 8 ch u y l.R .E .81d e ,l* t5 g .1935 , JA D Union T erm inal l a t 5 a .............FA A I

A U ^ t l M f N K ^ S f l o o y . j A i 1B altim ore Bolt, l a t . 5 a .l9 9 0 , MAN B alt. C. Paaa. l a t 5 a . . . . 1911, MAN B alt. T raction , la t 5 a . .19 2 9 , MAN

j Ex ten . A I m p t-S a . . . .1 9 0 1 , MAS!I No. B a lt. D lv., 5 * ........ 1943, JA D'B a ltim o re A Ohio 4 a., 1935, AAO i P ltU . A Conn., 5 g. . ..1 9 2 5 , FAA;

S ta ten Island , 2d, 5 g .19 '20 , J A J Bal.AO hlo 8 . W .,lat,4% g. 1990, J A J

! Cape F. A Y ad ., 8 er . A ., 6g , 1916, J ADBeriea B ., 6 g ....................1916, JA D8 e r le a C . ,6 g ................... 1916 , J A t

Cent. Ohio, 4% g .......................... 1930, MAfO n L P aaa., l a t 5 a ..........1932, MAN

'C ity A Bull., l a t 6 a ...........1922 , JA DC hari. O o l.A A ue.ext.5a .1910 , JA J Col. A G reenv., l a t 6-08.1917, JA J

JA J________ ... , . .Be'.vldere D el., l « t , 6 « . . 1902 , JA DBuffalo R y. con. l a ! , 5 a ............ 1931! 104 |105( a ta w is a a , 7 * .......... 1900 , FAA 110% !........... G a.C *r. A Nor. I a t 5 g . . l9 2 9 , JA jChoc, Okie. A G ulf, pi lor lien 0 * .. 105 105% G eorgia P ac ., l a t 5 -6 s ,.. 1922, JA JC ttlxena*8t,R y.of Iu ii.,co n .5 e .l933 ...........j 99 North. Oeut. 6 « ....................1900, JA .Coiumb. S t. Ky„ 1st, con. 5a. .1932 .......... 103 6 a ...........................................1904 , JA .Coltuub. O. Croaatown, la tJ5 a .l9 3 » ! ...........1........... S e r ie s A , 5 a ..................... 1926 , JA JConsoL T ract, of N. J^. la t.5 a .1 9 33 8 6 % .......... 4% a.....................................1925, AACD el. A B 'd B r 'k , 1 st, 7a. 1 90 5 ,FAA 123% 120 P led m .A C 'u m .,la t, 5 g . l 9 U , FA5Easton A Am, la tM .,5 a . l9 2 0 , M AN| 1 0 7 % .......... P itt* . A Connells, l a t 7a . 1898 , JA ,:E lm ir. A W Iltu .,1 s t .6 a .1910, J A J . 117 ! ........ Bonthem , la t 5 a ................ 1994, JA JH eetonvllle M. A P ., con. 5 a ..1924 110 .......... V irg in ia M id., l Bt 6 a . . .1 9 0 6 , MA1H nnt. A B r'dT o p ,C on .5a.'95 ,A A O : 107 ............ 2d Ser ie s , 6 * ...................1911 MAfL eh igh N av .4 % «............1 9 1 4 ,0 —J 111 | ......... i 3d Series , 6 a ...................1916 , MAr

2d 6a , go ld ................ . . .1 8 9 7 , JA D ! 102 103G eneral m ort. 4%a, g . 1 9 2 4 ,6 —¥

Jyehlgh Val.Coal 1st 5a ,g .1933J A J L eh igh V a lley , l e t 6a. ..1 8 9 8 , JA D

2d 7 s ..................................1910, M ASConaol. 0 ..........................1 923 , JA D

N ew ark P assen ger, oon. 5 a .. .1930

4th Series , 3 4-5 s....... 1921 , MAf1 0 3 % .......... ! 5 th S e r ie s , 5 « ..................Ife26, MAf......... 102%! W est V a C .A P. la t , 6 g .1 9 1 1 , JA ,108 ........... W ert’L N.C. ConsoL 6 g .1 9 1 4 , JA ,133 131% W llm . Col. A A ug ., 0S ..191O , JA 1

1 . * *l»CE U ,AN BO trS.1281 0 4 % !.. . , . . ! B altlm oro W ater 5 s . . . 1916 , MAN

North Ponn. l a t , 7 a . . . . l 8 9 6 , M*N 101 ..........i F unding 5 s____ _____1916 , MANG eii. M. 7 s . .................. . .1 9 0 3 , JA J : 124 |........... i E xch ange 3 % s.................1 9 3 0 .JA J

P en n sy lv an ia gen .6 a , r.. 1910, Var 1 3 1 % .......... V irg in ia (S ta te ) 3 a ,n e w . 1932 , J A JConaol. 6 s ,c .............1 9 0 5 . Var, 1 2 0 % ,......... Funded debt, 2 -3»...............1991 , J A JConaol. 5 a , r . . . . . . ...... 1919 , Var; 118 |................ C lJe sap c ax eG aa ,6 s___ 1900 , JA DC o lla t. Tr. 4% g . ........ 1913 , JAD ; 106 ........... !o o n »o l.G as ,6 a .....................1910 , JA D

P a . A N . V, C a n a l,7 a . . .1 9 0 6 ,JA D j 125 .......... | 5 s . . . . . ...................................1939 , J&.1Gen. 5*. .......... 1930. s o n i lo u I lo y h 'iK m iltah le c i» . a . i o n

Bid. Ask.

9 3% 911 0 1% 102117103%

79 79%31% 31%17 1811 11%

128% . . .~

104“99*4

105115114%101111 112

...........122 124105 105%113% 114%108 1091 0 i% 105!1U% 110%103%

112 11570 ...........50 6048 53

110 H i111 112107 108%113% 111

86 88115 115*4111 111%i 10 117%115103101%108 108%90 97

114117113

35105 106110 112115% 116*4l i e 119

121% 122

1 0 6 % 106% 7 3 % 7 4 %02 i 6 2 %

108% 109 116 116 % 107 % 1 0 7 %

U nlisted . And accrued ii th reat.

8(M THE CHRONICLE. [V o l . LXX.

NEW youk STOCK EXCHANGE PRICES ( __!<J R a n g e ( t a l e s ) in 1895.

C o n tin u e d ) —ACT1VE BONDS NOVEMBER 15 AND FOR YEAR 1895.

I JkSU MlSCBl* )HDS. Into***i P e r io d j.Pi

15. L ow est. I H igh es t.

u „ . r , w u o n O \l,deb .,8g .l900 Q -FALTop.*KP.-10<NrT;,4K.198JJ * J,

8 4 * ; a MA U t ln»t»Lp«- 89 A «* u. New I'eo. 4*, when 18SQ«m . ...............

1 1 b. 110 Nov. I l l A,lS- 70 b.| 62 Mar. I 84 >4 Sopt. 2779 I 16i9 Mar. |t 37% Sept, 8114 70®b Nov.

0 b. 47% Nov.

OqqidL.General mortgage. h e

1987 J>ner»i u iu u s»^ >- o ,Mh.*W.8.,con...iMwd.lWj .9

•• mortg»ge58.1U12[M * b k ^ (meAm. l)c

Central VCbe«. A Ohio.—Her

N(___ ',19211J A J►Id, 68.1898 J & J| A. Og.1908 A

119 I 111 Jau.107%b. 101% Mar.92%b. 85 Mar.

1 1 6 %b. 1 1 1 % Apr. 1 1 6 % Nov. 107 b. 101% Feb. 107'% Sept. lis% b . 117 Apr. 121 Feb.

l'ii. r ... A lllcSais —5*r. 190- -% <fe Sj 102 I 9o Mar. 10.1 Aug.nhis H u rl* o - C o n 7u 1903 J * J 120%b.,U8 Mar. 123% June

& . . . . . . . 19 13 M A N 101% 98% Mar. 105 Oct.in v e r tib le 5» .............. 1903 M & 8 101 b. 98^8 Mar. 109 Aug.Denver l>i vision 4a........ 1922 F A a 951.3b. 93 ^ Fob. 97 JulyN«JrJknKxteu8ion.4B.l927iM & N| 90 86?8 Feb. 94% Sept.Ilan.A'8t.JoB.-Con8.,6a.l911iM& 8* 120 b. 115%Mar. 125 Aug.

, hi. a E 111 —1st, a. f.,68.19071J A D H S^b. 114 June ; 11, % May i n t o l 6 k . . . . . . . ...1931IA A O 124 b. 12 1 * Apr. 1127% Aug.

consol., Ist,5s..l937 M & N' 101% 96 Feb. 101 Sept.C w i X i E X - W . 5 * . 1 9 8 2 | » l * N ! u o i fl I 77 Mar. 111!

Incom e,5a.. . . . . . . . . . . . . .1 9 8 2 ^Oot.

Railroad and M isobl. Bonds. I I n t e n t I P e r i o d

(J Los m g P r i c e

N ov. 15.

Cblo.Oatt L. A 6.—let, 5 g . . 1937 Ohio.Mll.A8t.JP.—Con. 78.1905

1st,Southwest Dlv., 6b.. 1909 1st,So. Mina. Dlv ,08...1910 1st, C’Si. <S Pao. W. D i V., 5 e. 19 21 C hic.* Mo. Riv. D ir.,58.1926 Wise. A Minn., Dlv., 5 g.l921jJTerminal, 6 g .......- ..........1911Men. M., A g., series A . .. 1989 Mil. A Nor.—lst,eon,,68.1913

Chip. & N. W.—Consol.,7a.l9l5Coupon, goal, 7 a ---- ....1902Sinking mud, 68.............. 1929Sinking fund, 5b..............1929Blnkiugrund,deben.,5s.l933 1 4 N 25-year debenture, 5 s ...1909 M & NExtension,-Is........ — ..1926 F A

Chlo.R.l.APae.—6s.,coup.1917 J & Extension and col., 5s...1931 J & 30-year debenture,5s...1921 M &

Chic. St. P. M. & O.—6 s...,1930 J & Cleveland & Canton.—5b. .1917 J & C .O . C. A 1.—ConBOl.,7 g.1911 J «

General oonsoL, 6 g .___ 1931 J0. C.O.*St.L.—Peo.&E.,Is.1910 A A O

Income, 48........................1990 April.001. Coal A Iron.—6 g .......1900 F A ACol. A 9th Ave. gu. 5 s ,g ... 1993 M A S Ool.H.Val.ATol.—Con.,5g.l931 M A 8

General,6 g .. . . . . . . . . __ .1901 J A DDenver A KioGr.—Ist,7g .l900 M A N

1st consol., 4 g.................1936 <1 A .1Dnl.So. 81*. A AtL—5 g .. .1937 J A J Ft. W. A Deuv.Olty.—e g . .1921 J A D GiU.U.ASanAn.-M.AP.I).l8t,5g M A N Gen. Electric, deb. 5 s ,g . . .1922 J A D H ous.AT.Cent.,gen.48,g.l92l A A OIllinois Central.—ls ,g ___ 1953 M A N

Western Lines, lst,4s,g .l951 F A A Int.AGreatNor.—Ist,6g .l91 9 M A N

2d4-5s...............................1909 M A SlowaOentral.—1st,5 K....193S J A DKings Co. Elev.—1st, 5 g .. 1925 J A J Laclede Gas.—1st.,o g . . . . 1919 Q -FLake Erie A West.—5 g ....l9 3 7 J A JL-Shore.—C on.op.,lst,7s. 1900 J A J

Consol, ooup., 2d, 7 k ....1903 ,1 A DLex. Av. A Pav. F .gu.5s,g.l993 M A S Long Island.- 1st con., 5 g. 1931 Q—J

General mortgage, 4 g . . 1938 J A D Louis. A Nash.—Cons., 78.1898 A A O

N.O. A Mobile, 1st, 6 g .. 1930 J A J “ “ 2d, 6 g ..l9 3 0 J A J

General, 6 g . . . . . . . . . . . . . . 1930 J A DUnified, 4 g . . . . . . — .. 1940 J A ,T

Louie. N. A. ACh.—1st.,68.1910 .1 A JConsol,, 8 g . . . . . . . . . . ___1916 A A O

Louis.St. L. A Texas.—6 g.1917 F A AM aubattan consol. 4s____ 1990 A A OMetro. Elevated.—1st, 6 g. 1908'J A J

Oct.129 a. 143a Mar. 1 34 Aug.

A J 93 90 June 90% JuneA J 127%b. 125 Feb. 120% June & J 117%b. 1 1 4 % Mar. 119% June A J 118% 115 Mar. 119 JuneA .1 *llG%b. 109% Feb. 116 June A J 109 104 Feb. 110 Aug. iA ,1 113 b. 107% Jan. 113 Got.A J 112 b. 108% Feb. 112 June

,J A .) 96%a. 87 Feb. 96% Aug.J A D nii)% b.!116 Jan. 120 Feb. Q— F | 140%a. 138 May ;143%Jan.

J A Di 123 119% June : 123% Feb.A A O 114 a. 114 Juno'120 Jan.A A 0 108 10 6 % Apr. 112% Aug.

b. 105% May 112% Aug. 104% May 108 Jan.

98% Mar. 103 July- 126 Jan. 131% Oct. 100 Feb. 107% June 88 Mar. 100 Am

122 Feb. 129 May 82 Feb. 94 May

122 Jan. 135 Sept. 119 Feb. 125 Sept, 74 Mar.17 Apr.92 May

!M lob.Cent.—1st,cons.,7s.1902I Consol., 5 s ........................1902i l k LttbeSli.&W.—1st, 6 g. 1921

Exten, A Imp., 5 g.......... 1929Minn. ASt,L.—1’atooh.5s,g. 1931 M0.K .& E — Ia t5 s ,g „g u .l9 4 3 M .K. A Texas.—1st,4 s ,g .1990

Sd, 4s, g ..... .............. .....1 9 9 0

M A N 118%M A N M A N! F A Ai M A N A A O: J A D F A A'

106 %b. 129 b. l l l% b . 101 b, 91 b. 87% 62 b.

110% July 85% Oct. 88 Jau,

112% May 79 Jan.906590876198

Feb.Feb.MayJan.Feb.Jan.

102% May 117 Feb.

67% Mar. 84% Mar. 68 Jan. 90% Feb.

112% Jan. 115 July 122 June 110% June 117% Jan.95 May

107 Apr. 115% Feb. 103 % Mar. 114 Feb.71% Mar.

106 J an. 93% Feb. 55 Feb.96 Jan.

118% Jan.108 May 117 May 106% Juno 127% May109 Apr. 99% Nov. 81 Jan. 79% Feb. 44 Feb.

84% July 28% July

101% Oct. 115% Aug. 95% Aug. 98 Apr.

118% Oct. 94% Sept.

101 Oct. 74% Sept. 94% Oct. 93% Jan. 74% Sept.

105 Sept. 104% July122 Aug. 84% Aug. 96 Nov. 85 May 93% June

118 Sept. 118 Jan. 124% May 115 Nov. 123% J une102 Aug. 110% Mar. 122% Sept. 108 July 120 June85 June

113% May 106% Sept. 60 July

102 Aug.123 June 109% Oct. 122% Sept. I l l July 135 Aug. 115 Jan, 104 % Oot.97% Sept. 91% Aug. 69 % Sopt,

Mo. Pao.—lst,oon., 6 g — 19203d, 7s................................Pao. o f Mo.—1st, e x „ 4 g.1938

2d ext. 5 s ......................1938St.L. A ir . M t.lst ext., 58.1897

2d, 7 g ............................. 1897Cairo Ark. ATexas,7 g.189* Gen. Il’y A 1 aud gr., 5g. 1931

Mobile A Ohio—New,6 g . .192* General mortgage, 4s— 1938

Nash. Oil. A St. L .- 1 st,7a. 1913Consol., 5 g .. ...................1928

Nat’l Starch Mfg.—1st, 68.1920 N.Y. Central—Debt ext.4s. 1905

1st, ooupon,7s................. 1903Deben., os, ooup., 1884..1904 N. Y. A Harlem, 7b, reg.1900 R. W. A Ogd.,eonsol., 58.1922 WTest Shore, guar., 4s— 2361

N. Y. Ohio. A St. L . -4 g . .. 1937 N. Y. Lack. A W.—1st, 68.1921

Construction, 5s..............1923N.Y.L.E.AW.—1st,oon.,7g. 1920

2d consol., 6 g .................1969Long Doolc.oonsol., 6s,g. 1935

N. Y. N. H. A H.—Con. deb. ctfs N. Y. Ont. A W .--R ef .4s,g.1992

Consol., 1st, 5s, g ............1939N.Y.Sns.AW.—lstref.,5Bg.l937

Midland o f N. J.,6s, g . 1910 Norf. A W.—100-year, 5s,g.l990 No.Paoiflo—1st,ooup., 6g. 1921

General, 2d, coup., 6 g . 1933 General, 3d, ooup., 6 g . .1937 Consol, mortgage, 5 g..-1989 Col. trust gold notes, 6s. 1898 Clilo. A N. Pao., 1st, 5 g.1940 Seat.L. S. A E .,ls t , gu.6.1931

No. Paoltio & Mont.—6 g .. l9 3 l No. Pacific Ter. Co.—6 g ... 1938 Ohio & Miss.—Con. s. 1 ,7s. 1898 Ohio Southern—1 s t ,6 g . . . 1921

General mortgage, 4 g ... 1921 Oregon Impr. Co.—1st, 6 g.1910

Consol., 5 g .......................1939Ore. R. A Nay.Co.—1st, 0 g. 1909

Consol., 5 g ...................... 1925Penn. Co.—1% g., coupon.1921 Peo. Dec. A Evausv.— 6 g. 1920

Evansv. Division, 6 g . . . 19202d mortgage, 5 g .............. 1926

Phila, A Read.—Gen., 4 g. 1958lstp re f. income, 5 g........19582d pref. inoorne, 5 g ........19583dpref. income, 5 g ........1958

Pittsburg A Western—4 g.1917 RioGr, Western—1st, 4 g.1939 St. Jo. A Gr. Island—6 g.,1925 St, L. A San Fr.—6g.,01.B.1906

6 Class C...................... 1906General mortgage, 6 g .. 1931Cons. guar. 4s, g ..............1990

St. L. So. West.—1st, 4s, g,19892d, 4s,g., Income............1989

St.P.M.AM.—Dak.Ex., 6 g. 19101st consol., 6 g ................. 1933

“ reduoed to 4% g..Montana Extension, 4 g.1937

8anAnt.AA.P.—lst,4g.,gu,,’43 Sav. Fla. & West.—1st,6 g.1934 So. Car. A Ga.—1st,5 g .. . . l9 1 9 So. Pacific, Ariz.—6 g .. 1909-10 So. Paolflo.Oal.—6 g . . . .1905-12

1st consol., gold, 5 g ....... 1937So. Pacific, N. M.—6 g ....... 1911Southern—1st cons. g,. 5s. 1994

E. Tenn. reorg. lien 4-5s. 1938 E .T . V. A G.—1st, 7 g . . . 1900

Con. 5 g ......................... .1956Georgia Pao. 1st 5-6s,g. 1922 Knoxv. A Ohio 1st 6s, g. 1925 Rioh. AD anv. oon. 6s,g.1915 West.No.Oar.lstoon.6s,gl914

Tenn.C. I. A Ry.—Ten.D.,lst,6 g Birmingham Dlv., 6 g . . . 1917

Texas A Paoilio— 1st, 5 g . .20002d, Income, 5 g .................200o

ToL Ann Ar. A N. M.—6 g.1924 Toledo A Ohio Cent,—5 g.1935 Tol.8t. L. A K a n .U —6 g.,1916Union Paolflo—6 g .............. 1898

Ext. sinking fund, 8 ........1899Collateral trust, 4%........1918Gold 6s, 001. trust notes.1894 Kan. Pao.-Den. D iv.,6 g.1899

lstoonsoi., 6 g ..............1919Oregon Short Line—6 g.,1922 Or.S.L.&Ut’hN.—Uon.5g.1919 U.P.Den. AGulf.con., 5 g.1939

U. S. C ord—1 st00L, 6 g.,1924 Virginia Mid.—Gen.M., Ss.1936Wabash—1st, 5 g ........ ....1 939

2d mortgage, 5 g .............. 1939West. N.Y. APa.—1st,5 g.1937

Gen. 2-3-4s, gold.............1943West. Uu. Tel.—Ool. tr. 5S.1938 Wise. Cent. Co.—1st, 5 g ..l9 3 7

MAN MAN F A A J A J F A A MAN J A D A A O J A D M A S J A J A A O M A N MAN J A J M A S MAN A & O

JA A O J A J F A A M A S J A D A A 0 A A O M A S J A D J A J A A O J A J J A J A A 0 J A D J A D M A N A A O F A A M A S J A J J A J J A D M A N J A D A A 0 J A J J A D J A J J A J M A S MAN J A J

J J

M A N M A N M A N J A j A A O M A N J A J M A N J A J J A J J A D J A J A A O MAN J A J A A O A A 0 J A J J A J M A S J A J M A N J A J J A J J A J J A J A A O J A J J A D Maroh M A N J A J J A D J A J M A S M A N F A A M A N M A N F A A A A O J A D J A J M A N ' M A N F A A J A J A A O J A J J A J

a.

D.

R a n g e ( s a l e s ) i n 1895,L ow est .

97%b.110T02%b. 107%b. 101%b. 101=hb. 103 %b.

83% 120 b.

64% 132 b. 103 a.

99 a. 101 %b. 123 b. 107 b. U4%b. 117%b. 107103135 %b. 117%b. 144 a.

t 75 b. 132 b.136 a. 92 %b.

I l l 100 b. 116 a.

65 b. 117% 103%

7237%80 b.

t 4548

140 106 107

9232%b.93 b. 36 b.

110 b.1 90 %b.113104 b. 103 %b.40 a. 87%b. 31% 16% 11%81 b. 7761 a.

113112%b. 106 b.

52 a. 74%b.31

120%b.122%b.106 b. 95 a. 61

T14 b.95 %a. 97 b.

111 b. 92

105 b. 96% 93%b,112%

107%114 b. 114%b.

■122 a. T15%b.

94 %b. 96% 8923%b.

t 92%b. 110 b.

t 78 b. 109% .99 %b,

*t48%a.96 a.

113%* 79 b.107

t 6139

1 41% *100 %b. 1063s 77

109 %b. 46 %b.

109% t 54%

83 Mar. 103 Mar. 100% Mar. 103 Mar. 100 Mar. 1 0 1 % Nov.

97 Mar. 74% Apr.

115 Mar. 62 Mar.

130 Mar.98 % Apr. 90 Jan.

102 Mar. 120% Jan. 105% Apr. 114 Nov. 113% Apr. 103% Feb. 101% Feb.131 Mar. 113% Feb. 125% Mar.55% Feb.

126 Feb. 135% Nov.

88 Jan. 109% June 95 June

114% June 48% Feb.

112 Feb. 81% Mar. 49% Mar. 24 Jan.70

137138 30 96

10681

H g h e s t .

Mar. Jan. Jan. Mar. Jan. Aug. May

29% May 92 Oct. 35 Nov.

106% Jan. 173 Jan. 109% Jan.

92 Feb.93 Mar. 25 Feb. 67 Jan. 18 % Mar.

9% Mar. 6% Mar.

80 Apr. 63 Jan.

151 Feb. 111% Apr.111 Mar. 102 Jan.49 Mar. 62 Jan. 16% Jan

115 May 115% Mar. 100% Jan,

84% Apr. 52 Jan.

112 Jan 94% Nov. 86 Mar.

109% Jan.88 Feb. 99% Jan. 84% Jan. 79% Feb.

I l l July 102% Feb. 107% Mar. 111% Mar. 118 Jan. 109 Feb.

77 Jan.78 Mar. 83% Jan. 21% Jan.

175 Mar. 107% Feb.

57 Feb. 102% Mar.89 Mar.

138 May83 Feb.

103% Mar.62 Feb.

t87% Jan. 39 Feb. 32 Feb. 35% June 91 % Feb.

104% May 63% Feb.

102% Jan.45% June

106 Jan. 44 Mar.

104 Sept.114 Oot. 106 June 108 June 103% Jan.105 Oct. 103% N ov-

88 % Sept. 121 Aug.

69% June 133 Oct.106 Sept-100 Sept-105 Sept. 126 June 110% Aug 119% Apr. 119% Sept 107% June107 Sept.136 June- 117%Sept. 144 Nov- 181% Sept 135 S ep t 147% June-95% Aug-

113 May108 Jan. 119 Jan.

70 Apr. 119% June 104 Sept

74% Sept- 45 June89 June

151% S ept 1 51% Sept-41 May

106 July 108% June

96 Jan. 52% Apr.

101 Oct.55 Mar.

112% June 103% Aug. 116% June103 May 103% July137 Oct.

89 Oct. 41% Sept. 25% Sept- 19 %Sept- 88%Sept. 79% June

166 Aug. 118 Aug. 118 Aug. 112 June

56% Sept 82% Oct. 40% Sept

123% June 124 Nov. 106% Oct. 95% July 68 June*

117 Jan.98% Aug

101% June115 Sept- 95% Aug.

110 June 99% June- 94% Oot.

116 June111 Sept 115 June 116% Oot 122% June 116% June

96% Oct. 99 June 94% Sept 32 Sept.

195 Oot. 112% June 181% O ot 111% Oct. 101% Aug.163 Aug.

99 Sept. 114% Oot.187 Oot t l0 7 % 0 ot- 1 64% O ot 46% Sept 64 Jan.

104 Oot. 109% Sept.

81 Sept. 111% Oot.

50% Sept. 111% June 164% Sept a.

>” indicates price bill; “ a ” price a sk ed ; the range is made up from actual sales only. * Latest prioe this week, t Trust receipts.

NEW VOUH STO CK E X C H A N G E P R IC E S — (Continued).—IN ACTIVE BONDS—NOVEMBER I S .

SECURITIES.

Raur

Alabin A. T. A

. Sflrl. lsi

me! Bonds.(Change Price*. —1 g., guar.Sd, is.OlafiS B. L.Lou.—1st, (3d.rl w, o!,ga. 6a. latoQ income... Ut.Sa.Par* B.

192819891915193619071191019191

Bid. Ask. SECURITIES, Bid. Ask. SECURITIES. Bid. Ask

Balt. & Ohio—5s, : f i d . . .........1925 112 Buff. R'jeu. & Pitts.—G en.,58.1937 97 99•J jae. uiort,., gold, 5a.......... .1988 115 Rooll. P ., I sl, 6s.............1 921 123 125W. Va. A e itts .-ls t , g., 59..1990 Rooh. & Pitts.—Cons. 1st, 68.1922 122 123

94 100 B. & 0. 8. W 1st. g „ 4% ,...1990 *108 Buff. & Susqueh.—1st, 5s, g__1913 .......*108 J* 109 J4

*........ 121is □ent’lOhio Reor.—1st, 1930 *103 Consol. & eollat. trust, 5 s . .. 1934. . . . . . Ak.A Oh. June.—1st, s.5s,gu. 1930 ____ ____ Minn4 <fc St. L.—1st, 7s, g u ..l9 2 7. . . . . . Brooklyn Elevated—2'd. 5 s . . .1915 75 77 Iowa C. & W est—1st, 7 a ....1909

3 4 Seaside & B.B.—lst,£.5s,£?u.l942 * ......... 87 Oed. Rap. I. F. & N., 1st, 6s.1920 *10 113 . . . . . .119 121 Brunaw 'k & W o—lut, or. is, 198^ ....... l=:t 'n* . . . .. / ’ oot — — •

November 16, 1895.] THE CHRONICLE. 865NEW ¥ 088. STOCK EXCHANGE PRICES.—IN ACTIVE BONDS—/'Continued)—NOVEMBER 15,

Bid Ask

81924 981908 75 __1957 55

.1922 - . . . ...__ ,

.1990 85IS9K 1071911 ‘ 119 12219054 9 3 21930 Hr 102*419371937 501927 -8 01919 * _ 69

l1910 110*, . rT1T„_____ 110*81 900 *113*.1912 _____1912

1032 *1151900 11719421897 105 106*,1898 . . . . .1898 103 lOO*,1941 • n o

4 9 0 0 1 1 1 1131938 ____ x1921 110 ..- mr1921 68 751922 . . . . . .192819321916 __rr1940 * . . . . . 831943

49 4 1 *_____ 70*41927 __. . . T-.T-ftfl1940 ____ t1925 519271014 105 1071990 102*1 ___ _1923 .ft****19171931 82 881931 *701932 *801900 1 1 2 %

,1931 95%1987 * __ 8119101910 1001937 --ft...1.93719371031 114 ____1917 1051909 109 n o1909 1201922 123 1201937 1181037 . . . . . 103>*

(SECOBITIES, BU. A»k SECURITIEB.a O h io -O o l .* a s u M .l# t ,4 « » . l ? 3 8 ■ O a t . KB. 3 B ack . -C o l. jf.5a.193T C en t o f H. J . -C o n v . deb,, 8 a .1908: Centra! Car We—

Gold !»B>la, B » .........................1896)Gold bond*, 6 a .. ............ 1897San Joaquin Sr.. 6 s . . . ..........•

gold Oft . . . ..................... 1939)Land c a n t 5e, g .................... 1900C at & O. D iv., ex t., .c. 5s. ..1 9 1 8 'West. PaelBe—Bom ia.S#-----1899)'No. Railway (C a i . i - l s t , 6 a .1907

50-year 5 » ............................. 1938CUea. A O .-P u r . M. fund, 6a. 189s,

rai^ V alley—-let, c „ 5 « -----10401Warm Snr. V a t , 1st, * . 5s. .1941

Cue*. O. A eo .W a a t—1st 6s, 8 .1 9 1 1Id , 6 s . . . . ...................................19110b . V .—8en.eoa,l»tM Sti,g,5*.1938;

C U n a A A lton—-8. V., fl«— 1903’ onis. A M o. K iver—1st, 7 s .19003d, 7*.......................................1900

8s. L. Jaute. A 0 b t e .-2 d , 7 * .189s: M:m .K. B ridge—1 st,ft. f . , 6». 1912;

C b ’e. Burl. A N or,— 1st, 5 s----- 192*.lieben tu re 6 ° .. ___ . . . . .1 306

(Site. Bariltsi- A Q .~ 5*. ft. f . . l9 0 1 ‘Iow a O lv.—Slav. fu nd , 5 s . .1919

iSlnkinsr fu n d ,* * ., .......... 1919eietn, 4 * ............................... . ..1 0 2 1Chicago A Iow a D iv .—5 a .. . 1905;

Cn;e. A Indiana Coa,— 1st 5 s .1936! O il. Mil. A St. P.~lftt.SeJP'.U. 1898

td, 7 3-10*. P. 11.................... 180S ’1st, 7 b , 8 * ., R. 0 .................... 1902le t, I. A M .,7 * .........................1897,«t, 1. A D .,7 s ............ 1899:

• *t ,C. A M.. 7* ........................19031 at, l. A 11. E xten sion , 7a. . . 190-« t ,L » * . A I»a v ., 5 e ........... 1919

•»t,M A U . , 7 * ........ 1910.ftt, 11 A I ) ., 5 * ...... 1010hsea*'o A .Paeitf# !> lv ,,S * ..{9 1 0 :

Wleerai Point Ulv. 5 » ............ 1910;X A 1 . Suji. D iv ., 5 * .............. 1031;'e r g o A S oa ia ,, 6*. A ssu 1024]

U o . w a r . *mft. fon d . 5 * . . . , 1916 Jak«H» A Q t South . 5 a ,. ,.1 916 till, A Nor. m ale tin»— 6 » . ,. 1910s

Cttie,AW.orw.—30* fe a r d*b.S», >, 921 i saeaeatia A 1. 8. le t , 6 » . . . .1 9 0 5 ; Oe*M . A H ln ii.—t » t ,7 » . . . .1 9 0 7■4W# H idlantl—le t , 8ft____ ,1900fW llM n le l l t j cnrjv., 7a . . . *898, si hie, A M itw astee—IW , 7*, is® # .Win. A St, P . - 2 d ,7 f t . . ...........1907,Hit, A H a d .—le t , -,100ftJ B . C . r . A 8 t P .—1st, 6ft, 1909' •orMiere III.- 1 s t . 5 * . . , . . . , 1010 MU. L. B.AW.—<-o»,de> ‘..8 * .i:K i7 !

M!.-b. Otv.. 1st. 6s............. S034AsUiand lltrtaiOE— l* t . Oft 1925

Ch. B. l.A P -D .M .A P . D .l *t 4*. 1905m, — ............ i0ooiKxtetU los. 4 * ................. . ..1 9 0 5 ;

ICftOftnk A Deft 5 s . . I b23O M t i i t P. A M lim .—1st,6* ...191 8 !

e t ffenJIkS. (X—le t , Oft____101:.'ale, A W. t s d ,—le t , *. I.,S *.I91H ;Seaorai m urtgage, 6 s ......... Ufu'l

Q a Etam. A D .~C km .t. I., 7«.S90£.34, gold . 4*4*........ 1337)Cin. is, .4 I r 'a —1st, gu. 5s, <. ls»l l

0 t47* 4k , A CeL—C.,. .5 24 6 ,. Is.uo 0 , 0 . 0 , A S t L ., Cairo 41V. ~ 4*. 1039

6 tX o a . p tv ,—lfttcei- :* 't4a .g .: 990 aorta*. A O b tiiisv -iftS ^ , 4». 1940) w ftlw w . Val..Di*r.—lftf,g. i s , 1940;' Oln. W ab,AM, l»ty ,—titer, 4*. 1991 Out I. at. U A C. — 1936. •ijoojsol , 0 s ........................... 1920:*!£■.*»£!. ACt.—C on .ls tjt.S s , 1938; ’

C. Cot Cla. A lad .—l* t , 7«A.£.1S00;’Onnsol. «lnk. fun»l, 7 s ........... 1014ten. AftMr.—lst,<'.C.C. A l.7s J i

C lare. Lorain A 9 0. -- 1st, 5 , 153u Gtev* A Mali. V»—*p o 'd . Oft. . . ! '61- Dct. Lack. A W .—M on . 7 ».,...1 0O 7 j‘

( r a . Bt»g, A N , le t ,M o m s A Essex— 1 s t , 1914>

K o f is . " • ........ U W* o f 1871 .............................. 1001]

iftt,our.., <siar . 7 s______ _ i y i r , ’W arren -9 4 ,'7ft . . . . . . . ____,.i9 9 o !

D A I U m . - Pa O it . .coti 0 7ft, 19 i 7 A ■ 'Many * 8asq —list, *u-,7* loo t ;

1st, c,>!;S. f g itar., Oft.......... 1006)H.s sj s A 0Ar, ltd , (5>t51>. . 7s,10 ’gi

D roT . Traniway—<Jous. m , g 1010 ;M etr„;“ ,!. K y.—Ist.ga . r.te, t-.#i i

te-i; V. A U i.» -11(10., . -5s. . . 1028)! K 9 . ft II. i . 0 ■, O'r. A [■ i I .D oiutb A Iron Haag,, •• 1» ; I *837

......... : 85*95 100

F .A P.M .— Pt H oren —1st, 5e 1939

•r10-1%1071 i' 6 is•94 ]*08 , 10«i*lo t m

91107 |1OSJfti

116 1. 113 .109%,. 104% - 104% :, 103% . *95 104%: 106%:

» ;* V *88%

1st con . if., o s ..........................1943f t . W orth a R. G . - l s t g., 5 s . .1928

, Q*al. Har. & 8an A n t.—1st,2d tiiort.. 7 s . . . . . . . ..............1905

:! Ga- Car. A N or.—1st, *u . 5s, g .1929

10 2%; 103 u o mx m120% 1281.21121u l f 130 109 127 1 0 0 8 117%' 100%, 109 ! 113 I

107119107

23

t m

114 |103:% I\ M H \

124

„a * a ji0 7129 |,t % 4

I U H L 119 L

9 0 j 91%

94 L; i o

110 j108%;

X .H avea& D a rb y , Cons.53.,1918 Hoiis, cfeT. C.—W aco A N. 7S..1903

la t g . ,5 a <iats . . . . . .1 9 3 7Cons, z , Os (tot. c t d ) . . . . . . . .1 9 1 2

11 Detxmt, 6s, prin . A ia* gt-d.1897 : H ebent. 4.*., prim. A int. g ld .1897 j S M s Central—1st, jc., 4s . . .1951

la t .« o 3 d ,3 % » . ............ . . . . . . .1 9 5 1Gold 4 s .......... 1952

H Cairo —4 s.......... . 1950Spribgf. D iv .—Coup., 6 s , . . . 1898 Mi& m B iv ,—R eg .. 5 a.. . . . . . 1921

•j C. St. L. A N . O.—Ten. 1., 7s. 1897 1st, eoaaol,* 7 s . . . . . . . . . . . . . 1897GOidLgSs. coupon . . . . . . . . . . 1 9 5 1

, M m u p . D i v , , 1st g. 4 a . . . . . 1951I Cod. Falls A M ian.— 1st, 7 s .. 1907, tad., I). A B p r . — 1st 7s, ex . op . 1906: Into It is, A Iow a.—1st, g f 4 s ,, 1939

1st, ext.* g. 5s . . . , . . . . . . , . . - 1 9 4 3Int. A 0 . Nto.—3to 4», 1921Kiagn Co.-F . El., iat.5 ,g , (gn,. A . 1929 Lako Erie A Weat.—24 £ , 5s . 19-11 L. 8 .4 3>ESon. —B .A E . —N ew 7 a .'98

Bet. M. A T.— 1st, 7 a ,.. . . . . . . 1908Lafee Sliore— I>i v, b o n d i,?# . 1899: Kal. AH. A Q . St™ 1st g a . 5a. 1938 Mabcm 'g Goal R R .- ia t , 5a. 1934

LeWgliV.-N. Y .—1st gn.g.i% s,1940|

3 029

if^ b lg b V *j Coal—ls t 5»*gti,gftl93i U toM . Car.A W est - 1 i t 1*. f ,191«

lU n to R ock A M —1st* 5 «,V --1 9 3 ' ;U»ng Isiand—lftt,. 7 » . . .* * * .. . .1 8 0 ' .Ferry, 1 to* 4 % a .. . . . . . . . . 102'

0*4*1 U ......... ............... 1932' N , Y. A R* way 8- - 1 s t , g. 5 t . 1927

24 m ortg. * m e, I*. * ..1927S .V , AMaOft itoaefcu—1 at* 7s* 1897

j N, Y .R.AM , 8 .—1st eon. 5s,g, 1935 BrooteF'ttAM oa tank— 191, i

u t , 5 h ................19 UNo, 8bt»re Hr.,~~l»t oott*5#,g. 193*2

'toOttl.a.E¥Mia. A St, 1*,—O o0-5 i. 1939 ! LoaJ*. A K W b. — . Br* 7«». 1907

E. II, A Nasb,—*l«t 6#, g, .. .1 9 1 9 F ensaeola HifSalon* 6a. . . . . . 1920;

j 1C l-oai# HHriiioo* 1st* 0#.,,. 1921' 24 , $ m , .**♦»*,***..*******.*1980

S A DeeaM r— 1 «t , 7 s . . 1900 : 8. t ,6s-—8. A N, A la . . . . . . . . 1910

10-40* gold* 6 # ................ . . .* 1 924[ 50 -year' 5 s» g , , ,, . . . . . . . . . . . . . 1937

Fens, A A C - 1st* 6a, g o b i , ..1 021 I O oU st trust, 5s, g , .*...***.,1081 | Naab-Flor-AS, —IsE gn.* 5#. 1987 ! K entucky Oentrai—A s , 1987

jMeaipteto A CbarL—6», g o ld .. 1924 j 1st eoa . T e a s lien*7s.** ,, - . 1913 f M exican Cent. ConsoL—4s* g. 19 1 1

10 1% 100% 1st* cans, ineoaie 3s, g . . . , . 1939 Me i . intornattoim i” i st, 4s.g, 1942 Mexlean Nallri« a»—1 a%g«t o i . l 927

24, income* 0s, **A " . . . . . . . . . 1 9 1 724, income-. 6s, '* B 1917]

03

m

112 114. . . . . 1110 120. . . . . . 4.35120 132

4 4 2116 4 1 9117% _____142

: Ckfttpoii,5s............. ... . . .1 9 3 1\ M ortgage i s . . . * . . . . . . . . . . . . . 1040

B a E ii ABtrgi.s.~*-lit,3#*g.gu, 1989 * M ina.A 0 t to “ 1st, g . 7 s .'.* ..* 1027

Iow a E xtension , 1 s t * 1909. i 0outbw e«t E xt.—1 st ,7s .. . . . 1910': F se m » E xt,—1*1, 6s .** ..* * .lf lp 1 4f«>,:K -ATex.-~l»E e x t , 5s, g . ly * 4 l: M o,K .A T .o t Tex.l*t,gtt.5*.ft. 1942: ! Kansas City A V-, 1 at, 4a, 1090j -Dai. A W aco—ls t ,5 i * f t t . . . . 1040! O.j.-lrtn_T « i« t K m

113142125119141

............19071

..*.**.10101«***•«.1023ft**.... 1020........... 1928

Erie - - 1#% ex ton 34, exteiiTisti, 5* . , . . .31, sxtende*!, 4 % e ,..l i d , SxtSD «to4 ,5 s ,,, ,5 S3St®0:e4* 4 # ..,,ts% eon.* j|-«. rd* 7 t .Keofw.* 1st :!tofc ® *.,■ft. N. Y, A K.—1st, 1 « , C L K A W , - F ,4,0@i. trust., 6s ,. . . . . .'! xto A h, w . - Marti

ga . *^Joal A ME.—# # -,HoeA a st »>>

U v m m - > A T ,« . —'1st , s% gearrmi* g-, fin Ml- ¥«w >b 1st 6* -,.*.*,***.1923 StiL Co. Br * g .# i s . , . . . , * 1030

E ira n # ,fm O ia n .— 1st, eoos,... 1926 Ftlm.t A F. 6 s , . .10201

1st*.eon, gob f, S# 1989^

89%...w - i 21 :102% 4O 3% 1 0 4 % 100%u a %I ;„*.*■1 0 7 % . . . . 115% i 15%108 4 0 4 %

l « t onto, 5s, g „ . * .........m L M . M ft-lrk ,B r.4 # 4 .

HOblto A Ohio*—1*1 exWr 0a ,.,4027 '84 L. A C airo—4s,Kum r-i.**___ “

Morgan’s La. A T-—1*1,08___il#201st, 7 * , . . ........ ....................... 1918

<k 81. L .—2d , 6s. 4 9 0 1 E .-F r . l.,gft,6s,.1016ii.—itohft g . 4 _;_ _-OaAr, I n t , 4*. . 4.9§ii

e k - I n t ,g o ld ,4 * .-103 8 mm—2d, 5a, g,»jtu-1915

R F.v-4#, g , f g «4 9 2 2 f . - U t , g „ 4*4 gu.1003si—1st, 7s—***** . . . .■ H . — 1 a %, r w . 4a. 1003

1008;1016-

1922'llMlSj10€99.

115436

«* e n ro y son*-, 0 s . 1921 j

101

102 .

i 10* ’ 1

117%|t90%|

;N»sh- ChjN. O- A- » iff, Y. Centra | If, J , J m m - | m m h Cre€ I 0»W , A R ‘ >: I S ite a A i l l 1 E , Y . A Fm IE. Y. EJerab I M , Y. Eft H. 4 IE, Y. A N on IK. Y. 8I 0SiSft! wiik, lEortne

Jam#| Spofe

r w«

; .Eii s , g ------ - 1040!.-l«e ,g td ftfg .5s,1942li Far.."Invni’d surip ext.Bit**■ r Vai.—1 n% #s,,. 1930

«*? A Pal.—1st, 6Sft...*l93d i:i 4 N. F. - G eo., B n . . 1 0 f 4» A Red M"n ...-1«t,g, ,64*10371 »|.M an i toba—- 1st, it, 1938

M a n D a k . I M Y . — 1s t 6s .1037 Oi*mr d'Atone—1st, 6», gold. 1916 Gen. Istftgft, 64 ..................... 1938

HelenDidst:ito lo

P » f o i l A Wes E —43 eae i N ew River l i t , i s , .«; ; Imp. A Ext., 6s.-----*

Bid. A sh.

91*105

58** 60%

102*3 —*» 32

101

124 126*sU 4 % 119130. . . . . 111*4* .____ 107. . . . . 86*4

'BO110 ...ft.103 104104

10 4 4. . . . .

114 ___ I105105121

. . . . . . j

8095 i

25 30 1*.......... 80 1104 105*4107 110 •126109 110117 1117103*3 lo is ii f 1%

. . .a s J

•I07".ft...)

103*4 i o nIOOU O. . . . .

• 40*106%

•115*4

*0 4 ,114 H i

100% ........1. . . . . . l o i n

n o i ”,

¥0 I9075 75H

*__ 58 1. . . . .

n l . i

• lo T *

*’ 8**1i t e ‘4 122 V147104

*128% m ” :*128*4:132 i

119 __ JSH ;

80 8475%

¥9“ t* __, _ 77 ;'105*4 107116 .........[

n i ’3 ’,

124*3

t o o J103%

u n i'

ib T * 108*1’ 103 r-- irnr* -!

108 io s % !

n l o - .1" s T l94 !

57% _-+. - 1*25 ....__,

76%‘ 123 : _ - _ _ j

*10* 5 0

82 j

■4 0 '

102119

107**

8ECURITIE8Norf.&W.— Ydiustment M., 781924

Equipment., 5s ............. 1908C linch Val. 1st 5 s ................... 1957Ro an 0 ke A80 .—1st, gu. 5a, g.1922 Seioto Val. A N. E.—1st, 4s,.1990

Ohio A Miss—Consol. 7s . .___ 18982d consol. 7 s . . . .................. ..19118p rm g.B iv .—1st 7 s . . . .General 5 s . ................... ....................

Ohio R iver RE.™ 1st, 5a......... .1936Gen. g . ,5 s ..................... . . ____1937

Oregon A Cali for.—1st, os, g . 1927 Oreg. Ry&Nav.—Ctd.tr. g..5s.l919 Femn -P.C.C.A9t.L.€to.g.4%sA1940

Do do Series R ____F .C .A S ,L .-l8 t,0 .,7 s................1900Pitta. Ft. W. A 0.—1st, 7s..4 9

2d, 7s ......... .....................19123d, 7 s ...........

Oh..St. L. AP,—lst,oon.5s,g.. . 1933 d e v . A P,—Cons., s. fto, 784

Gen. 4%8, g., “ AE. H.—liSt. L .V .& T ,

2d, 7 s . . . , . . . . , . . ,2d, guar., 7s....... ____

G i l . R. A L E xR — 1st 4 % s,« .g . 1941 Pen. AK.-Ind.B.&W.-lst,p£.78.1900

Ohio Into AW .—1st p rer. 5 s , . 1 9 3 8 1 Peoria A Pek. U nion—1st, 08 4 9 2 1

2d m ortg., 4Pitta, a: E, Er.—2d g. 5 b . *

Pitta, Painsv. A F.—lat, 5 a ...49 1 6 Pitta. Shea. A L. E .—I8 t,g .,5 a 4 9 4 0

I I I consol. 5 s . ........................ ,1943Pitta, A W e st—M, 5s, g . l3 9 1 - l9 U W ttr F g s f a M . —l i t , Stueofi R io Grande S o .—1st, g ., 5s...St. -Jos. A Gr. Is.—2d Inc____

Kali* C, A Om aha— lat, f»s.St. L. A. A V. II, - rerun 5s,

B elier, A So. l i l ,—1st, 8 s .,Beli e v . A Car,—1 s t> 8 s . . . . . .Chi. St. U A Pad.—1st ,gd .g .5« 1917 St. IftOius So.—1st, gd g. U . 1931

do 2d incom e ,fts „ 1931Oar. A S toa w t— 1st g . 4 s , . ..1 0 3 2

S t L . A 8. F, —2d 0 s ,g ,t ol. A.. 1908G eneral 5.-*............ .* . . . . .* . . .1 9 3 11st, trust, goto , 5 « ,. . . .Kan. City A 8 .—1st, 6s, « . . .Pt. 8. % V. B. B g . -U « . « » . . . Kansas M idland— ! si, 4s, g,

i t . Patti C ity By, e on . 6% g , "G o ld 5 #» g l ia r . . ,* . . . . . . .

St. Patti A DuUuth—ls t ,5 s , . . .A 0 3 i 2d m 0rtgage- 5 a ...***.*..,

SC Patti lum n A M .—1st, 1 24 iiMif f . , 6 s . . . . . . . . . . , . . . ,MFnneap. U n ion—1st, 6s Muut. (V o -to t , cn ;ir., 8i*. 4'.»37

1st guar, g , 5 $ , . . . . . . . . . . 1937East. M inn., 1st d iv, 1st 5s. 1008 W H inarASiouxP.—lst* g M a . W d ■>

Ban Fran. A E . F.—1st, g,, 5s. 1819 So u th «m —A la . O m h , 1 a 18 » . 19 1 s

A ti. A Char.—1st, pref., 7 8 .4 8 9 7Incom e, 6 » ............... ..** .1 800

Coluiu. A G reen,—1st, 5 * 0 s 4 9 l8 K. ‘%oa*V. A Ga.—D ir is. 5s 1030 Hi eh. A Daiift— Eq. §. f. g , 58 .1909

Deben. 3 i , stam ped . . . . . . 1027Vir’ a 5114.—Be rial #er,A , Os. 1006

Hertos B, 6 » ........... ............... 19 USerbs8 C, 0 s .* . . . . . * ............ .1916Series D, 4-5s ............ . ..1 9 2 1Serial W f 5 s ., . .* . .* . .1 0 3 1

Wash, 0 . A W ,—1st our.gu.4s. 1924 Ter. HR. As’n o t 8t* L,—

1st, 4%s. .......... 1939l i t , 000ft g. 5 s ............... 1801 19448t. U Mer. Br. Term ,, g,5s,gu .. 1980

T exas A New Orleans— 1st,7s 4 9 0 5 Sabine D ivision , 1st, 0 8 .,. . .1 9 1 2Consol, 5 » ,g . ............... 1943

Tex. A Ffte*t K D.— ls t , g. Os, 1905 Third A venue (E* Y).—1st 5a, 1087T o t A. A , A Cad.—6 « ........ 1017T oledo A , A. a G 'd Ttf*—g. 6s. 1921 T ol. A . A. A M l. P t —0 8 .. . . . . .1 9 1 9T o t A. A, A N, M. —5s, g......... 1940T.A O .G .— K an.A M ., M ort. 4s, 1990 T o tP .A vV’ .— 1st i8,lne.f*it<xm.Juty Ulabsr A D «t — 1 s 1, eon .,6 ,,5«. 192diUnion Paelflo— 1 st ,Ob . . . .......... 1890

1st, 6 s - .......... . . .1 8 9 71st, 6 s . ........................... 4 8 9 9Coilasmral Trust, 0 s . 10081 C ollatota l Trust, 69. . . . . . . . . 1907Kan sue Faeltle—1st 6s, g . ,. 1895

1st, 6e, g . . . i . . . 1806O. Br, U V 7 s .* ..* ,. 1895Atehft C ot a FaOft—ls% 6 s .,. 1805 A tell. J. (Jo. (k W, —Tat, 0s,. 4 905 U. F. Li li, A C o t—ls t ,g .,5 § . 1918 Qreg,8» L .A U.N.,t*ol.tr«t, ,5 s. 1919 Utah A N orth .—19% 7b, . , . 1O0»

G old , 6 s . . . . . . . . — 1026Utah Southern—Gen., 7a . 4 9 0 9

Extern, 1st, 7 s . . . . . . . . . . . . 1909Valley H'y Co. o f O .—Con. Oh4 9 2 1 Wabash—

D ebenture, 8er. A ........, . . . .1 0 3 9D ebeu lure, Series II.. . . . . . 1980Dot, & Chid. E xt, 1st, 5s, j* .. 1940 4t uK JX A ff.-^ B i O .B dge6*490i|

; West E. Ytftfe Pa. ,gen.g. 2-3-4s 1943 Incom e 5 ^ . . . . . . . . , l 048|

Weefc Va. O. A Pitta.—1st, 6S.L811 Wheei.tfcL.Eft—1st, 5a, g o ld . . . 1926

Extension A Im p, g.« 5 a .-.—1986 jWl«. Oenfcft In co m e 8 «. . . . . . .1 9 3 7 '

104

l o T

4 1 4 114*98102

*80

107

403%108

94

12092%

8380

108 % 108 % 109 1

96 75

109% 110% ‘ 50 423940

‘ 25

6565

25%106

46%17

n o

92%

88%

103

122%

98*1

80%105%!.osr<s109uiya,

10 9 -'i

•11

39«d

17W18 *

112 UD

* No price Pndsjrj these aret i 5 Beit quotations made this week. For lU la iitlsu coa i and (Jultated llotids,—See 3d page preceding.

- 1.1 THE CHRONICLE. fVOLj L X I.

J u u c s t m c n tAND

Iu\ i l r o a d Jut ell i g c u c c.R A I L R O A D E A R N I N G S .

The following sable 3 how a the gross earnings of United 8uu« s railroad? (and also a few Mexican and Canadian roads)

o r m o n th ly r e tu rn scan be obtained. The first two columns of f i g u r e s give the

. earniDj.;? for the latest week or month, and the last twol nun* the earnings for the calendar year from January 1 to

&nd including such latest week or month.The return# of the street railways are not included in this

vrateAy on a subsequent page.J a n . 1 to L a test Date.

Hoad*

0

i We* •Mo ItE a rn in g s .

i)5. ! 1894. 1895. 1894.

AdlrondAOK........Septem b'r.A la . M id land . . . Scpimnb’R; Allegheny V a l.JS e p lo ia li’r.j Ark. M id lan d .. - A ugust— A ten.T . A si.Fe j 1st wk Nov-

fit, L. A San F i s t wk Nov A tlan tic A Pae 1st wkNov

A g g .to ta l.. 1 lst wkNov AtiuoLi-A W. V Sf]«tenil)’r. A llan . A Dauv. 1st wk NovAustin A N’west i Aligns®___B. AO.East LI nes <Letcher. ..

Western Lines October...Total............j O ctober...

BaLAO. Bou’ w tst wk Nov Ban gor A Aroost. i septeiu o’ r. Bath AIIam* ud>' Septcmb’r. atr. A Atlantic.. I October. .. Brooklyn Kiev.. 1st wk Nov Brunsw'kMWeet 8optetnb'r. BolE.Ro eh .APitt! lat w k N o v Bur. O.Bap.A N 1st wk Nov Camden a AW.. September. Cauadlani’acilh 1st wk Nov Car. Midi an d.... October. ..Cent, of Georgia! August___Central of N .J.. septemb’r, Central Pact do. j August...Charleston ASa\v .Ju n e ..........Cheraw. A Dari. September. Ches. A Olilo. . . . i »t wk Nov Ches.O.A rio.W.JOctober. . Ohio. Bur. A No.jsoptciub’r. Clilc. Bur. A o..| Septemb’r. Chle. A East. Ill 1st wk NovChicago A Erie July..........Chlo. GLWest’n ! let wk Nov Chic. MU. A St. P. 11st wkNov Chlo. A N’th w’n . Isepteiub’r. Ohlo.Peo.ASt.L 1st wb Nov Chle.R ’k L A P . . October. .. Chic.St.P .M .Au j Septem b’r. Ohio. A W. Mich 1st wk Nov CLruGa. A Porte. October. . Cln.A Kent. Sou. j Septomb’r. C tn .Jack.A Mac. 1st wkNov CIn. N.O. A T. P. <3d wk Oct

Ala.Gt. South N. OrL A N. E. Ala. & Vloksb ViekB.Sh. A P Erlanger Syst.

Clu. Porta. A V

at wkNov 3d wk Oct. 3d wk Oct. 3d wk Oct. 3d wk Oct, October...

Clev.Akron&Co A ugust.... Clev. Can. A So.. ith wkOct. Cl.Cln.Ch.ASt,] 1st wk Nov

Peo. A Eaat'n 1st wk Oct. OL Lor. A Wheel l st wk No v0oL Midland__ O ctober...Col. H .V .A T oi October. .. Col. Sand’y A H 1st wk Nov Colusa A Lake . October..Crystal............. . A ugust....GumbTdValley. Septeiub'r. Denv. A Hlo Gr ; 1st wk Nov DetLau0‘gANo.| 1st wkNov Dot. A Mackinac Septemb’r. Dul.AIr’nHangc aeptemb’r. Dulutlio.ij.&Aii. ttfi wkOot, Elgin .JoLAEasi October.Eureka Springs July.......Evans. ALudplL. let wk Nov Evans. A Rich. 1st wk Nov Evansv. A T. H 1st wk Nov Fitchburg. . . . . . . Septemb’r.Flint A F.Marq Ft.W’ thADcn.C. Ft.W. A Rio Gr Gads. A Att. U.Georgia HR___Georgia A Ala..Q a.C& r'laA N oGeo. So. A Fla.. Oct Gr. Rap. A Iud

Cln. R.A Ft.W. Traverse Citv Mus. G. R. A I

1st wkNov A ugust.... 1st wkNov October... 1th wkOct. 4th wkOct.

ptemb’r.t wk Nov

Lst wkNov 1st wk Nov

— 1st wkNov Tot. all liu**- Vet wk Nov

Grand Trunk... WkNov. !) Chlo. <feGr.Tr W kNov. ‘j DeLGr.H.AM WkNov. *j

Great North’n- Bt.P. M. A M October,.. East of Minn. October... MontanaCenf October. ..

Tot. system October... Gulf A Chicago October Hooa,Tun.A wfl |Septemb’r. Hous.E.AW.Te* -3d wk Oct. Huniest’nAShe) October, Illinois Centra) Jpctober. ..

18,423151,068

231,60365f\280 134,2611 76,9591

866.500 45.057 12,925 21,972

1.687,515555.500

2,243,01568,532

4,083 3,042

36,358 49,00“ 63,8s6

130,330 91.647

535,00t 6,698

406,415 j 1,181,218 1,260,415

58,282 12,151

191,683 2 J 0,864 211,423

3.098,106 100,063 187,149 96,680

874,730 3,251,430

19,468 1,740,795

841,196 32,181

6,592 796

12,52470.000 43,11338.00614.00614.000

175,00U28,40( 82,620 21,314

277,935 39,816 36,212

175,000 304,766

18,573 2,400 1,196

84,679 158,900 21,065 24,510

305.896 57,986

131,395 8,247 5,399 2,494

22 224 680*077

48,318 73,629 11,600

940 58,095 14,700 57,876| 82,326 40,769

9,108 762

2,069 52,708

401,8 lO- SS,043 21,311

15.935 46.767

212.267 5,160

650,9281 130,210 f-0.o7o:

861,238 41,381; 12,892 22,865

1,635,595 519,815

2,155,410 122,489 40,608

4,883 1.654

32,02*. 43,961 61,743 76,641

184,00' 7,220

390,404 1,027.007 1,437,993

47,999 9,045

190,416 231,629 225.689

2,829.846 79,923

158,533 73 161

597,555 2,743,061

17,478 1,617,150

703,48'“ 28,912

6,667 854

11,426 72,00u 39,08229.00011.00014,000

160,000 25,465 73,096 23,334

270,896 32,9 L6 33,690

150.946 307,810

15,154 1,700

772 80,247

143,100 20,784 15,58956,203

107,164 5,408 5,205) 2,231

22,563 653,789

44,679 113,731

17,508 576

53,798 13,337 58,580 80,882 34,739

7,377 5571

1.935 44,703

3!>0,-23<)'54,9320,117

9,5078,313.303:so; 8,167, 1,967, 1.297,

22,565, 3,221, 1.350, 3,408,

25,301, 22,' '26,

790, 12,676, 4.974, 1,482,

55,

$149, 386,

1,864, 56, 24,108, 5,074, 3,151

32,334, 327, 4 61, 157,

14,490, 4,608

19,098, 5,455,

537, 19, 17,

1,78'b 380,

2,564, 3,688,

819, 15,400,

41,

I637. 113! 170 1,,792! 557j23, 585 5, 481 2, 623 3J, 778 4 4 239 428 14,,411i 3, ,839 17, ,589! 5, ,441 ,620! ,726; ,039 1, ,285 ,041 2, ,814 3, ,838 539115/ 302j

,919 9, ,354 8, ,356! ,7441 ,4( 6 7, ,261 1, ,324 1, ,001 23, ,787 2, ,385! 1, ,6971 3, ,36" 24, ,655 21, ,549 ,208 13, ,022 5, ,249; 1, 407!

$129,088 397,913 ,567,234

49,965 ,695,646 ,140.039 ,637, a o ,472.895 334,047 424,523 156,816 ,066,912 ,879,838 ,946,750 ,321,034 2.3,489

19,030 17,598

.46 \530 379 058 276,-27 157,271 757,208 761,956 4>,625

,059,100,300,058361,766

59,670,720,931,756,541,301,550,380,722822,195,234.124125,268,346,404,668,607681,044,737,643266,133358,29-4

58,05553;,019

2,376,00o1,298,2221,028,206

395,723400,408

5,887,337228,260598,106558,651

11,893,4251,494,3731,225,943

2,144,088 795,893

16,420 5,089

622,885 6,883,254

982,874 285,068

1,809,820 1,510,168

932,567 38,401

244,405 94,604

934,228 5,412,137 2,L40,387

3177!

1,039381484!677,

1,780.380!

38,103,

2.302,15,548,2,313,

846,

535,564 2,699,000 1,191,085

886,862 396,003 4 04,184

5,451,049 211,104 567,346 505,543

10,821,733 1,196,179 1,061,4702,249.640

694,68118,359

6,694583,986

6,344,979923,784188,198

1,440,170858,646

39,060241,391

90,127887,757

5,084,9312,054,059

,813.444,679.,395,067|,486,939',648.232.084.903

291,807 5,404

1,056,707 356,185 488,387 714,459

1,624.907 348,849

40,033 90,890

I 2,104,678 5 So 115,555,449 ,597| 2,284,888 .0011 851,966

2,095266L57

2,519,6,4,

19,11.

2,053,

,174,176.954,601,898;,525;,012!,500,498(

1,767,377 11,461.135 223,772 1,258,961 156,81- 1,277,18’

2,147,967 13,997,286 5,204 36,1093,155 38,198

16,800! 451,21210,3841 84,900

l,841,814j16,160.300

9,593,768 974,313

1,236,953 LI,805,034

34,540 30,190

333,899 96,679

14,751,814

R oads.

Ind. Deo. A West. Ind. 111. A Iowa. In.A Gt.North’u llnteroc. (Mex.i Iowa Central— iron Railway... ja ck .T .A K . W Jainest’n AL. E KanawhaAMicli K.C.F. Scott AM K.C. Mem. A Bir. Kan.C. N. W ....

Kan.C. A BeatK. C. Pitts. & G .. Kan.C. Sub. Belt Keokuk A WestL. Erie All. A So. L. Erie A West.. Lehigh A Hud.. Lex’gton AEast.Long Island.......Los. Ang. Term

L a te s t G ross E a rn in g s . J J a n . 1 to L a te s t D a te .

Week o r Mol 1895. 1894. 1895. 1894.

4th wkOct. j Septeiub’r. 1st wk Nov Wk Oct. 26 1st wk Nov' October. .. Septemb'r. j August— j 1st wkNov 4th wkOot. 4th wkOct. I October. .. \ October. . . j Lst wk Nov 1st wk Nov 4th wkOct. October. .. lst wk Nov October. ..! Septemb’r. October. .. O ctober.. .

Louis.Ev.&St.L.; lst wkNovLouisv.ANashv. Louis. N.A.AOh. Lou. St.L.ATex. Macon A Birin..Manisticpie........MemphisAChas. {Mexican Cent.. Mexican Intor’l IMex. National. Mex. Nortnern.. IMexioanR’wayMexican So.......Minneap. A St.L. Mo. Kan. A Tex. Mo.Pao.AlronM

Central Br’cli.Total..........

Mobile A Birm Mobile A Ohio.. Mont.AMex.Gif. Nash.Ch.&St. L. Nevada Central N. Jersey AN. Y. New Orl. A S o ’u. N. Y. C. A H . R.. N. Y. L. E. A W N. Y.Pa. AOliio. N. Y. Ont. A W . N. Y .Susq.AW .. Norfolk A West Northe’rn (Ga.). Nortli’n Central North’n Paeitlo Oconee A WestOhio R iver........Ohio Riv.A Chan Ohio Southern. Omaha A St. L . . Oregon Imp. Co.Pacific Mail___Pennsylvania...PeoriaDee.AEvPetersburg........Phila. A E rie... Phila.A Read’g.

Coal A ir. Co... TotalbothCos.

Pitts.C.C.ASt.L. Pitts.Mar. A Oil. Pitt.Shen.AL.E, Pittsb. A West.

Pitts. Cl.AToi Pitts. Pa. A P. Total system.

Pitt. Young, a a . Quinoy O.AK.C Ricli.Fr’ksb.AP, Rioh. A Petersb. Rio Gr. South’n Rio Gr.West’n .. Sag.TuscolaAH Sag.Val. A St. L. St. L. A. A T. H. St.L.Ken’etASo. St.L. South wTn. St. Paul A Dul’ tli San Ant. A A .P. S.Fran.&N.Pao. Sav.Fla.A West. S tier.8hrev. A SoSilverton........ .So. Pacific Co.—

Gal.Har.AS.A Louis’aW est.. Morgan’ sL AT. N.Y.T. A Mex. Tex. AN. Orl.. Atlantic sys.5. Paeifio system

Total of all.. Affiliated lines

Grand total. So. Pao. of CaJ So.Pao.of Ariz So.Pao.ofN.M, Northern R y ..

Southern R y ... 8taten IsL R. T. Stony Cl. ACMt.. Summit Branch.

Lyk. YaU Coal Tot’lboth Oov

Texas A Pacific TBX.S. YalAN W fol.A.A.ANo.M Tol. AOliio Cent. Tol. P. & West. Tol.St. L .A K .C Diflter A D e l... Union Pacific—

Un. Pao. RR. Or.S.L. A U. N

1st wk Nov 1st wkNov 3d wk Oct. October. .. October. .. 4tli wkOct. 1st wk Nov Septemb’r. 1st wk Nov Septemb’r. Wk Oct.26 3d wk Oct. 1st wk Nov 1st wkNov lst wk Nov Lst wk Nov 1st wk Nov 1st wk Nov October. October. October. August— Septemb’r. October. October.July.......J u n e___lst wk Nov Septem b'r. lst wkNovAugust___Septemb’r. 1st wk Nov Septemb’r. 1st wk Nov October. .. 3d wk Oct.March.......Septemb’r. Septemb’r. Septemb’r. ls t wkNov Septemb’r. Septemb’r. Sep emb’r. Septemb’r. Septemb’r. Septemb’r. O ctober,.. 1st wk Nov 1st wkNov ls t wkNov l o t wk Nov lstw k Nov Septemb’r. October. .. Septemb’r. Septemb’r. 1st wk Nov ls t wkNov O ctober... Septemb’r. lst wk Nov O ctober... 1st wkNov O ctober... Septemb’r. 4th wkOct. Septemb’r. 4th wkOot. October. ..

August___August___August___August___August___Septemb’r. Septemb’r. Septemb’r. Septemb’r. Septemb’r. August—August___August___August___1st wkNov Septemb’r. Septomb’r. Septemb’r. Septomb’r. Septemb’r. 1st wkNov October. .. lst wk Nov 1st wkNov ls t wk Nov I.st wkNov Septemb’r.Septemb’r. Sep tom b’r.

8t.J08.AGd.Is toeptomb'r

$13,897:56,74483,60246,20039,011

4,30019,607

4,0099.705

132 ,5 9 0 i40 .872 '24,973

38211,133

4,99113.725

7 ,9 86 !72,77939.25118.252

328.2607,337

33.128426,370

67,01010,186

7,9905,890

57,740196,132188,962

74,45655,73352,645

9,33050.675

204,049480.000

26,000506.000

5,639376,224

93,000470,814

1,8833 2 ,6^510.675

4 ,185,304 2 ,323,167

579,36269.929

183,065 222,842

3,867 586,380 588,329

3,127 21,90 18,873 15,539 23,601

270.517 324,026

5 ,786,539 17,786 44,330

417,607 1.931,562 2 345,261 4 ,2 7 o ,823 1,428,201

4.645 11,306 30.529 14,245

4.521 49,295

179,349 25,328 55,059 28,243 10,361 42,700 11,952

7,33525.930

6.069114,200212,444223,442

30,525260,124

15,0299,150

387,85474,349

433,19119,354

134.590 1,112,612 2,977,000 4,089.612

615,1724,724,784

996,964161,482

85.593207,291431.048135,987

98,764 66,190

16 4.954174.591

3 45022,699 41,*18 20 822 45.560 39,068

1,368,533527,607

60,02

12,431 49, 59

106,771 46 ,0 '0 31,274

3,03839.373

5,514 7,381

133,86733.56424,518

1,0309,0643,711

10.4689,143

61,72244,08514.715

326,76314,73524,692

401,20056,393

«,677,730

98351,040

144,924141,750

84,61056,17462,9737,684

36,882277,436447.000

23,000470.000

7,454317,990 106,170 425,993

2,112 30,062

9 ,6 '8 ,836,230 ,077,125 451,850

62.35 L 156,340 213,922

4,109 559,588 522,698

2,811 16.300 16,577 21,631 37.738

308,664 297,725 .498,083

18,707 37,538

392,409 ,785,151 ,793,034 .578.185 ,349,923

4,259 10,42530.599 15,829

9,03755,465

127,50623,27651,61226,392

7,60437.600 12,4297.403

25,0504,177

139,600159,722265,395

34,815273,326

19,8668,147

333,866 76,936

436,434 28.8S2

124,002 ,226,07c ,0^7,421 ,253.497 763,65*

,007,151 817.452 164,575

79,204 225,98b 397,464

93,664 4,95;

77,706 79,074

156,78< 210,502

6,189 21.47536.374 16,865 43,489 40,164

,497,067 482.56 1

62.241

*377,779 562,4-47

3,128,590 1,864,066 1,390,936

41,178 306,782

26,973 374,316

3,698 644 855.99q 211,010

4,175 440,398 239,972 308,041

65.565 2,969,363

3.7 .262 154.363

3,522,037 129,140

1,273,072 16.571.^18 2,763,610

335,268 58,716

110,187 969,164

7,983,620 1,893,920 3,741,978

518,653 2,658,371

390,2 :J3 1,660,731 9,353,756

18,957,612 497,599

19,455,2112,742,626 1,0 i 6,027 3,921,871

17,682 261,327

70,495 36,116,296 14,693,797 3,131,797 3,H 8,2 d61.641.541 7,998,409

31,797 4,706,647

16,008,375 1V4 3 4

727.344 149,902 579,294

67,330 2,409,945 3,278,584

46,846.673 765,797 406,391

3, L03.322 15,456,699 16,647,635 32.104,334 11,115,542

36.308 527,090

1.464.541 735,155 299,547

2,543,6811,289,676

215.919 551,600254.919 361,238

2,016.28897,29363,174

1,111,77534.292

4,157,7341,274,4161,396,178

694,8402,483,489

271,36056,288

2,920,117 6S0.2L6

3,589,309 147,836

1,053,338 9.636.351

23 690,650 33 327,001

4,054,510 37,381,511

6,718,596 1,437,915

693,910 1,244,612

15,429,822 946,504

36,701 857,415 514 038

1,371.453 5,480,772

32,359 945,856

1,540.608 838,343

1,587,3 * 9 319,154

10,184,6403 ,809,571

436,396

S334,243 543,260

2 ,932,434 1,935 704 1 ,418,874

32,703585.274

29,387323,812

3 ,893,528827,032238,858

10,844348.275 221,949 307,654

62,3632 .808.325

326,936

3 ,516,405152,881

1.205,95718 ,295,069

2 ,432,397340,632

62,32054,755

1.013.326 7 ,112,717 1 ,581,002 3 ,604,493

472,6822 ,593,546

390,9851,506,3048 ,487,613

18 ,269 ,104662,316

18,931 ,420

2 ,598,094914,777

3 ,798,67516,533

247,37777,557

34 ,315,49313 ,761,192

2 ,552,6233 ,220 ,2471 .363.186 8 ,712 , 68

35,9414,353,376

14,082,03722,773

612,260134.324554.325 121,285

2 ,846,0662 .862.186

4 2 ,244,641720 ,537 398 .314

2 ,887 ,264 1 4 ,657,383 15 ,248,132 29.905 515 10,3 9,172

28 996 391,808

1 ,201,509 562,935 288,806

2 ,096 ,054 829,691 197,698 521 ,644 250,906 311,558

1 ,800,235 101,148

64,006 1 ,125,368

23.554 3 ,825,903 1 ,204 ,987 1 ,226,742

709,458 2 ,827,361

247,601 41,083

2 ,525 ,462 592,780

3 ,453,657 149 ,237 963,129

8 ,977,942 2 2 ,838.937 3 1 ,816,879

3 ,819,760 3 5 ,636,639

5 ,845,832 1 ,281,685

589.706 1 ,365,985

15 ,005,346 843,756

38,650 670,941 602,512

1,273 453 5 ,780,923

36,897 906 ,547

1 ,535,998 756,343

1 ,352 ,797 320 074

1 0 ,667,5293 ,648,262

601.439

Notimbeb 16,J1895,] THE CHRONICLE. 867Latest Oross Earnings.

BO ASSWeek or Mo

C o, Pae.—C on.Kan.C.AOm. Sep tem b’r.

T oLSLJ.A G .I. 4th wkOct. O ent.Br...........a 1st wk NovAcfc.Col.AP. i aentmnhb- A efc .J.C .A W i sep tem o r-

Gr’d to ta l.- ' Sep rem b 'r. 2 U. P ac . D. AG Sep teu ib ’rF tW 'th A D .C A u g u st__

W ab ash ................ 1st wk NovW»<y> A N orth* A u gu st----W est J e r s e y ........Sep tem b’r.W. V.Cen. A P itts O cto b er.._ W est Va.A P itts . A ugust— W estern o l A la . Sep tem b’r W est. M ary land . Septem b’r. W est. N.Y. & P a 1st wk Xov W heel. A L. Erl* 1st wk Nor W lseonsln Cent 1st wk Nor Wrlghtsv.ATen O cto b er.. .

1895. 1894.f *6.529 7 .143

17.350 19,07926,000 2 3 .0 t025.029 30 756

137,750 2 .248,063 254 ,823 263 .257

73,629 113.731256,857 213,967

17,015 12,531158,788 146,529;107 ,122 9 3 . '2 3

35 .213 31.28352 .5511 50,570

135,369 133,51763.200 65,20028 755, 28,31196,665 ' 95 3 *8

9 ,724 8 165

Jan. 1 to Latest D ate.

1895 . 1894.

* *49,651 88.805

543.172 757 .806497 ,599 662 ,316195,423 277 .907

15 770 .447 16,906,296 2 178,965 1 ,996,284

10 ,769 .080133 .00?

1 .3 H .6 12920,669;242 ,894365,578!965 ,919

2 ,802 ,0381 ,127,513;

69,802*

9 ,790 .086 107.909

1 ,242,203 818 920 243 356 367 ,922 938 ,905

2 650 .070 1 ,019,390

65.430* F igu res g iven do not in c lud e Oregon By. A Sav., Un. Pac. Denver A

G ulf, Denver L eadv ltle A Gunnison, Montana U rlo n an d Leavenworth T opeka A South western.

a T hese t! mires inc lude re su lts onl eased liner.4* Includes ea rn in gs from fe rr ie s , e tc ., not g iv en s e p a ra te ly . ; Mexi-

e a a carnsn ev . c Inc ludes o n ly h a lf of Unes In w h ich U n 'o a P acltio has a a if In terest.

Latest Gross Earning* by Weeks.—The latest weekly earn­ings id the foregoing a r e separately summed u p aa follows:

For the first week of November our preliminary statement covers <59 ro a d s , and shows8'9T percent gain in the aggregate over the same week last year.

\it of XoMtnber. 1895. 1894 J Tier COM r . Decree te

* * * tA lab am a GL S o u th s rn .. 41,113 39,082 4 .0 11ASch. Top. A S an . F e . . . . .

8L Louts A Ban F r ..........655,239 630,628 4.352131.201 130.210 4,0217Q.939 80,070

12,9823,1 i t

A tlan tic A D a n iil e ------ 1*4.925 33B a it . A Ohio Southw est 131,033 122,480 8,549

36.358 32.022 4.3362 ,143B a Ta.o Koch* A PStS»b*tf 0 3 . , 86 01 .7*3

BurL 0 4 . Kan. A North 110,330 76.64 53 .6 ’ 9535 .000 481.000 51,* HJO

C hecaoeake A O hio.......... 191.663100,063

19 *,416 70.023

1,267C hicago A K*4t IlllnoU 2*1.140C hicago G reat W w itern 9 8 .0 -0 73,4 31 23.210Chicago MUw. A Mt. Paul 671 ,730 597.535 277 ,175CWe. P eoria A * 1. I/min 19.463 17.478 1.090Chit*. A VfMt M ich igan . 32.181 28 ,912 3.2614On. Ja ck so n A M ackinaw 13.52* 11,426 1,098C lav. Cm. Chi A A SC L . 277 ,035 270*996 7.03UC is t . Ij>raln A W heel-* . . 38,212 33,69*5 2,512Col. S andusky A llo ek 'g 18A 7J 15.15* 3.419Vvnsnr A Kin G rand*---- 153.9X1 14L10O 15.900JDctrots LanVir A North'® 21,085 20,7*4 281R ?an *v . A IndlanapoU* 5,399 5,209 m>E van avilie A Richmond. 2.494 2.231 263E vansv . A T erre H aute 22.221 22 ,363 339F lin t A Fere M arq& cti * 46.-116 4 4,079 3,639Ft. Worth A Rio Grande 11,000 1 73 0 8 5,84 4Oran a Rapid * A In d ian a 40,709 34 7e& 5,980

O n. R ich. A Ft. W ayne 9,103 7,377 1 ,7 3 1 20 >

84T rave rse C i t y ............... 76*2 557M u ,. « r . Rapid* A Ind 2.669 1,985

393,239-Grand Trunk of C anada . 401 ,310 8,001In te rn '! A « t . Norto n . . . Io w a C en tra l ....................

83 .00 i 100,771 23,1031

31,2747.381.

7 ,7372.324K an aw h a A M ich igan__

Kan. C ity P itlsb . A G ulf 11,133 9.004 2.060K an . C ity A Suburb . B e lt L ake Erie A W estern .. . . .

4.991 3,711 1,28072 ,7 ? * 01 ,722 11.057

Looter. E vansv A St. L 83.128 24.8*12 8,436L o u isv ille A N ashv ille 426,170, 401.26*5. 25 ,170Louis. Si. A lbany A Chic. M ex ican C en tra l................

67 ,040 56 ,49 lj 10,6 47196.183 144,924 81 .238

M exican N ation al.............. 74 ,450 ;50.875

34.610,30,882 !

10,154M im in jo l l* A Ut. IsOuD 13 .79JMo. K ansas A T ex as........ 201 ,049! 277 ,436 ; 73,387Mo. Pacific A Iron M L ... 480,000 447 ,000 , 33,0tX*

20.0004,659!

23.0007,451

3 ,000M obile A B irm ingham .. 1,815l e v York O ne A W est'll. 69.9291 62 .3 51 1 7 J 7 s iNorfolk A W estern ............ 222 .842 ' 213 .922, 8,020;

588 ,32921,90**

523 .098! 10,300 13.707

65.041Ohio H ire r .............................. 5,0*19!

4 .079P eo r ia Dee. A E vansv .. 17,7861F lit* . Sben A L. E rie . . . 11,906 10.415 ! 6 8 l :P ittsb u rg A W estern........ 49 ,295 j 55.465 ............... 6 ,170Rio G rande S o u th e rn .. . . 10.361 7,6011 2,757

42,700S M 3 0

37.001 !23,050,

5.UJO880!B e Louis AIL A T. H aute.

8 c L o u i s S o u th w este rn .. 114.200' 25 ,400431.0481174 ,591 .

397 ,464 !210 ,502

33,594T exas A P acino ............. 35.911Tol. Aon A. A N. M ic h ... 22 ,699 ; 21.475 1.224Toledo A f»blo f ’fpturaJ.. 41,818 36,474 5,4 4 4Toledo P eoria A West n . 20 ,*72 18.8*5 ' 3 .957 ..........Tol. S t . L. A Kan. C ity . 45,5001 43.489 , 2,071

256.887;68 ,200

213.96765,200

4 2,920 3 ,000W estern N. Y. A P en n ...

W heeling A Lake E r ie . . . E9.755 2 3 .3 U 4 44 ___. . .WIacuqmib C en tra l.......... 90.805 01,878 ; 987

T o ta l (69 ro ad s i___ _ 8 .350,399 7 ,002 ,300 ' 872 ,903 185,304Net Increase iS-97 p .c . ) . ...............1 ...............i 097 ,509

For the fourth week of October our final statement covers 64 roads, and shows 4-71 per cent gain in the aggregate.

ilk trrek of October.

Alabama Gt. Southern... Chicago A Grand Trunk, © eve. UwitoTi A Soutfc’ n M Sandusky A Hnek'g, Det. o r . Hav. A M llw .... Duluth So, Shore A Ati

1895. [ 1894. i n c r e a s e . D e cr ea s e .

$ $ * ,,4552177 U jm .U iO 1,058,8 42 474,62508.300 67, *91 1,00957.040 - 49,578 7,45824,311 23,484 9 JO32,4 &; 30,091 2.-40820.6 * si.foa 51557,89« 56,20 J 1,781

af4iA week of October. 1895. 1894. Increase. Decrease.

G eo rg ia ....................................$

.58,09546.200

$53.798

$ $7 03

Iuterocean io (M ex.).......... 4S .010 l o jKan. C it^ F t. S. A M em . 132,896

40.872133,887 1,271

Kan. C. Mem. <k B irm __ 33,56 i 7 ,308 3 ,2 >7Keokuk A W eet^rn............ 13,725 10,463

Memphis A C harlesto n .. 57.740 51.040 6,700M exican R a i lw a y . ............. 52 .645 62,973 10,323Mobile A B irm in gh am .. 10 .74 i 9,043 800Rio G rande Sou thern___ 16.7N0 1-2.536 4 ,194Rio G rande W estern__ 88.100 90,100 2 ,0098an F ran cisco A No. Pae. 30 ,525 34,815 4 ,290Sherm an Shreve. A S o . .. 15 ,029 19,866 4 ,8 3 7Toledo P eo ria A W est’n.. 28.560 23,536 5 ,02 lW est. X . Y. A P en n ay lv 100,500 93,400 2,100

Total 184 ro ad s)............... 1 3 .4 )8 .350 12,804.866* 1 ,102 ,053 4 93 ,53 9Net in c rease (4-71 n. o .l. .... ...............1 603 ,184 .... ...

Net Earnings M onthly to Latest Dates.—The table follow ­ing shows the ust earnings of Steam railroads reported this week. A full detailed statement, including all roads from which monthly returns can be obtained, is given once a month id tbe*e columns, and the latest statement o f this kind will be four d in the Chronicle o f October 19, 1895. The next will appear in the issue o f November 28, 1895,

.-----G ross E a rn in g s .----- .1895. 1694.

Roads. $ $B a ltim o re A Ohio—

Lines E. O. H. b — Oct. 1 .687 ,515 1 ,635 ,595 J a n . 1 10 Got 3 1 . . ..1 4 ,4 9 0 ,4 2 8 14.066,912 J u ly 1 to O ft. 31. . . 6 .493 ,897 6 .476.301

L iu * . W, O. R .b . .O ct. 655 ,550 519 .815J a n . 1 to Oet. 3 1 . . . . 4 .608,411 3 ,874 .636 J u ly 1 to Oct. 31 . . . 2 .086 ,919 1 .783,238

T o t both system * b . O ct 2 ,243 ,015 2 ,115 ,410 J a n . 1 to Oct. 3 1 . . . .1 9 .0 9 9 ,8 1 9 17/U 6.750 J u ly 1 to O ct' 31 . . . 3 ,56 1.816 8.2-JL539

B angor A Aroostook S e p t J a n 1 to S e p t 30 . . .

CoL Dock V .A Tot fe.Aag.J a n . 1 to A ug. 3 1 . . . .

Edison EL tLCo., S'. Y .O c tJ a n . 1 to O c t 3 1 ___

E rioT eleg A rel«ph.O o.-J u ly 1 to Sep t. Co___

F lin t A P ere M ar .ik .8 ep tJ a n . 1 to S e p t 3 0 ___

G eo rg ia .a .......... 1 .. .O c tJ a n . 1 to Oct. 3 1 . . . .J u ly 1 to Oet. 3 1 __

L o u isv .N. A, A C .a .S c p t J a n , 1 to S e p t 30 . . .J u ly 1 to Sep t, 8 0 ___

M em phis A C has’n . Sep t.J a n . 1 to Sep t, 3 0 . . . .J u ly 1 to Sep t. 30 . . .

M eihean Northern .9 *pt,J a n . I to Sep u 3 0 __

M exican T eleph one. Vug.M ar. I to Aug. 3 1 __

M ilw aukee Gas-L. Co, . Out.J a a . I to O c t 3 1 . . .

N ash.Ch. A Ht. L ,b . O ct J a n . 1 to O et 3 1 . .J u ly 1 to Out. 3 1 . .

Ohio R tr e r .b ........... ..S ep t.J a n . 1 to Sept. 3 0 —

9 l Loni* S o u th w estern —J u ly 1 to Sept. 30 . . .

ToL P eoria A We»t b , 0 ? t J a n . 1 to Oct. 31 —J u ly 1 to O e t 3 1 . . . .

Onion P acino—Union Pac, B y . .b .S e p t 1 .368.531 1 ,407 ,067

J a n . 1 to Sept. 3 o .. 10.184 .840 10 ,667 ,529 Oreg. B .L V U .X .b S e p t 527 ,607 492 .564

J a n . 1 to S e p t 3 0 . . 3 ,809 ,571 8 t.Joe .A G d . 1*1. b .S e p t 60 ,027

J a n . I to Sept. 3 0 . . 436 ,396Kan. C. A O m .b ,. ,S e p t

J a n . 1 to Sep t. 3 J . .C e n t B ranch b .S e p t

J a n . 1 to Sept. 3 0 . .A tcU .0, A P ac . I A tJe w .C . A W, i h S e p t

J a n . 1 to S ep t 3 0 ..Grand T o ta l. .b ...S ep t. 2 ,137 ,750 2 ,218 ,063

J a n . 1 to Sep t. 30 .15 ,77 0 ,4 47 16 ,903 ,290 Un. P.D, A Gulf. b . . ..Sep t. 254 .823 265 .257

J a n . 1 to s e p t 8 0 ___ 2 ,178 ,965 1,996,2-14W ssLN.Y.A Penn b.Sep t. 292 ,326

Ja n . 1 to S e p t 3 0 __ 2 ,424 ,038J u ly 1 to Sep t. 3 0 . . . . 931 .575

Weet V a. C e n t A P. .O o t 107,122 J a n . 1 to O c t 3 1 . . . . 920 ,669J u l y l to Oct, 3 1 . . . . 415 ,919

W ei E a r n in g * -

68.532 537.141 251,202

1,553,215 148.3(9 1,464,377274,842 203,414 1,854,553 174,453 1,034,679 406,4 13 304.513 2,390.850 9073 42 114.301 82 7,2; 6 312,732 55.733 518,653 9,412 55,810

470,8143,921 ,8711 ,685 ,738

91,500613.213

1,130 ,420101,313817,521357 ,512

40.8 13 243 .499 3 30,937

1 ,653 ,114 148 ,555

1 ,32 >,4-49

25«,V99201,016

1,742 .417159,384

1,056 ,707442,541231,663

2,093,7.677 4 9 .6 2 1101,196 837 .173 288 .256 56,174

472 .632 8 ,3 30

61 .720

423 ,9983 ,798 ,6751 ,347 ,135

80,973514 ,392

1 ,064,111 91 ,191

739 ,478 339 ,087

3 ,048 ,26762,241

601,4396,829

49,63128,876

215,52025 .029

195 ,423

7,143

1393,*

604,191 4 ,659 ,295 2 ,291 ,217

153,130 963,038 537 ,387 762 ,371

.3,6 24,363 2 ,023 ,604

13,316 1 67 ,41 1 117 .92 7 683 ,037 62 ,717

708 .4 14

i l l , 326 60,63 I 469,970

‘ 30 ,186 •206,23 4 *141,565 120,795 826,008 373,489 32,421 57 ,86 i 58.905 31,224 2 77,S*i 4.399

27.040 45 ,498

313 ,164 200 .024

1,006,4 44 722 ,333 36 ,776

217 ,631

74.041 29,402

178,451 96,22 5600 ,365

3 ,760 ,172233 ,817

1,567 ,49314,53804,363

<lef.786

1894.$622 ,961

4,644,609-2 ,4 2 9 ,9 7 2

148 ,969565 .0713 96 .026 777 ,93 0

5 ,209 ,589 2 .825 ,898

20,2 (9 73 .0 99

182,391 714 ,80768 .026

623 .943

18,034 60 ,935

482 ,8 19 •78 ,293

'2 9 9 ,5 5 8 •14 1,469 103 ,346 644 ,004 293 302 20 ,737 88 ,019 40 ,940 2 9 ,1 10

247 ,518 3 ,149

23 ,081 40 ,577

2 6 9 ,M 8 171 ,923

1 ,518 ,892 601 ,305

40 ,230 198 ,073

189,639-23 ,284

157,30795 ,533

622 ,7223 ,278 ,300

132.6971 ,026 ,179

18,248144,049

def.2 ,90288,805 dof.27,034 def.19 ,91028 .963

298,61310.01*47,532

30 ,7 50 d e f.2 ,065 277 ,907 d e l.40,155

880 ,751 5 ,475 ,783

73,607 •119,300 169,221

i 830,113 J 279,457

35)918 331 ,788 152 ,073

319 ,042 2 ,270 .701

934 ,30 7 93 ,322

813 .920 391 ,639

9 ,081109,224

2.321 11 ,352

809 ,767 4 ,577,006-

82 ,437 3 53 ,7 0 J 119 ,137 708 ,001 378 .622

30 ,654 277 ,341 132 ,216

a S et earnings here given are after deducting taxes, b Ket earning* hern given are before deducting taxe».• tucluding other Income, the not from January 1 to October 31 was

$298,986, against #392,303 far 1301, and from July 1 to October 31, $172,911, against* 73.315.

I This is (he net r-jsult for the subsidiary companies after deducting (ho dividends pat! by those companies. Of the dividend, so paid $73,15 > went to the Erie Telegraph A telephone Co in the quarter in 1895. against $61,587 in (he quarter in 1301. The Eric Telegraph A Telephone Co. on it , part paid out f 48,000 o f this : i both year* in » dividend of one per cent, le iviug a surplus o f $2 >,t» J tu 1893. against $13,5*7 lu 1894, which added to the above surplus of the subsidiary oowpanl -a makes tnc combined surplus itt 1395 $30,975, against $21,- 071 iri 1391.

: Included in expenses for September, 1895, Is $18,241, and for July l to Sept. 30, l 395, f 46,428, which in runner year* would U we been charged to betterments.

THE CHRONICLE. [V o l . L X I.

UQ Surplus.—The following roads, a d net earnings given in the foregoing, ;erest, &e,. with the Burplus or defic

>1.060

n , . . .

tu ta ls , <<k’ .—» 1894.51,216

4153,398 83,589

24S.630 130,732

2,572

-H a l. o f Net E a rn s .— 1895, 1894.S *

9,634 9,68910,021 20,44130. U(S 19,7

126,829 49,67274,799 41,191

221,434 148,733

FIO— 1895. 1 m is .. . $2.31*2.413 tense*. 1,140,971

W°*1894.$2,203,423

1,230,048

-----J u l y 1 lo181)5.

$5,586,9243,051,949

S ep t. 30.---- «1894.

$4,743,0022,890,104

Net earn tn g s ...$ l,l7 M 7 1 $971,775 $2,531,975 $1,846,538SffUeelUu. 1ncome. 31,834 36,861 99,467 124,700

$1,203,305 $1,009,636 $2,634,442 $1,971,238,2(1 M. *071,54 < *546,790 *1,837,022 *1,559,659

$331,702 $462,846 $797,420 $411,579ch.irn 461,698 1,154,741 1,385,531

$173,635 utuls anti taxes.

$1,148 del,$357,321 def.$973,955

STREET R A IL W A Y S A N D T R A C T IO N CO M PA N IES.The following table shows the gi'oss earnings for the latest

period of all str e e t railways from which we are able to obtain weekly or monthly returns. The arrangement of the table is the same as, that for the steam, roads—that is, the first two columns of figures give the gross earnings for the latest week or month, and the last two columns the earnings for the calendar year from January 1 to and including sucb latest week or month.

8TREET RAILWAYS AND TRACTION COMPANIES.J a n . 1 to L a te st D ate¥

GROSSE arnings.

L a test G ross E a rn in g s .

\Weefc o rM o l 1895.

October... October. SeptombT. IstwkNov. 8eptemb’r. June...

Baltimore Traction...Bath St. Ky. (N. Y.).. Biujfhamtou 8t. Ry...Bridgeport Traction.Brockton Con. St Ry.Br'klyu Queens A Sub Brooklyn Traction—

Atlantic A ve..........Brt>oklyn B. A W. E.

T otal................Bultalo Ry..................Chester Traction.......Chic. A So. Side R. T.Cin. Newport A Cov..City Elec. (Rome.Ga.)City A Suburb (Balt.)Citizens', IudianapTifl Citizens’ Trao.,Pitt8b.Cleveland Electric...Columbus RR, (Ga.)..Columbus St. Ry. (O.)Coney inland A B’lyn.Consol Trac. (N. J.) ..Denver Con. Tramw.Derby Street Ry........Duluth S t Ry........Electric Trac., Phila Erie Elec. Motor Co..Jiushing A College Pt.Galveston C ityR y... Heetonville M. A F.—

Arch Street. . .Race Street........

Total................Hooaick Ry...........Interstate CouhoI. of

North Attleboro...Lehigh Traction........Lock Haven TractionLorain St. Ry.............Louisv m R y ............Lowell Law. A Hav..Lynn A Boston..........M ft t ro j >. (K a u h ?is C11 y ) Metropolitan (N. Y.)_ Metrop.(\Vasli., D. (J.) Montgomery St. Ky.Montreal Street Ry...Nasdivilie S t R y ........New burg Electric___New England S t—

V\ incheater A ve— October...

SepteinbT. SeptembT. SeptembT, SeptombT. SeptembT. July.... Septemb’r. Septemb’r.August___April........July..........Ju ne........Ju ne........IstwkNov. October... Septemb’r. SepteinbT. SeptombT. SeptembT. Septemb’r. SeptembT. O ctober... SeptembT.O ctober... October. .. October. .. October...SeptembT. October. ..August___SeptembT.SeptembT.Septcmb’r.fIstwkNov.August___Sex>temb’r. I2daye8ep O ctober... SeptombT. M ay.. . . . . .Ootober...

$

79.09”

1,674

8,362

Plym’ th A KingstonTotal....................

New Haven St. Ry. .. New London St Ry.. New Orleans TractionNewton St. Ry...........N. Y. A Harlem........N

iMa

October... October... SeptembT. SeptembT. October...Ju ne___July.......

mpton 8t. Ry, . :>......................I August uguensburg St. Ity. SeptombT. i « u,7*?J1rrKy * SeptembT.People h 1 rue. (Phila.) SeptombT.Portsmouth St. R y...;A ugust___Po keeps!» ,v W ipp .F .;SeptembT.Keaaing Tructlon.......SeptembT.

Street......... October.KRoc' iiiMinr Ky........ . October'.

*■'------- 'Maj-...........Soptemb'r.July..........O ctober... O ctober.,, Septemb’r. Ootober... October...

misib lsicoirto... BebuyLktU Traction. Bcbuylkill Val. True. Beraotou Traotlou... . Bccotnl A vc. (Pittrtb.) 91"i; x d ry TraetiouBtelawaj Ky............. .Byraoaae Con.ol.......

18,37319,5926,168

118,25510,64860,09010,3153.035

30,411194,10312,002 20,138

3,327 71,389

8,396' 9,536 5,543

26,417 39,008

7,708 25,773 13,258

1894. 1895.

$ * 1t 89,87C 935,315

1,764 18,67612,597 97,0754,231 260,010

! 23,624 206,21253,561 263,09583,354 623,41712,522 127,711

103,46S 762,257131,186 1,252,57421,89756,537 431,92250,461 466,596

1,880 ............64,209 264,39349,075 ___

148,812 691,197*19,795

11,264 536,63422,043 335,753

201,885 1,809,63560,662 536,184

3,79518,737 156,677

163,28213,409 114,351

1,15119,046 167,00519,328

2,66721,995 406,954

9,637

10,200 99,499........... 61,652105,025 966,69830,589 332.59922,314 1,223,681

483,706 4,381,5874,1754.031 42,108

90,42727,223

4,548 ............16,114 201,517

1,957 25,70518,071 227,22214,257 150,6495,777

91,182 1,104,6698,957

59,314 615,0216,324 58,205

23.013 222.594137,331 1,533,588

73,15516,641 142,539

3,25668,800 719,758

9,9858,1074,814

21,616 243,43221,2s3

7,13816,62717,398

1894.

827,54017,06590,741

110,939165,635256,684724,686107,622847,160

407,070364,844

235,910607,577481,299274,589

,,566,420548,436151,633

149,007

251,444

875,604214,689

28,018

177,70126,140

203,84192,476

782,719656,282

182,660885,847

19,330124,34261(1122

209,033

G r o s sE arnings.

j L a te s t E a r n in g s R ep o r t e d .

' W eek o r Mo] 1895. 1894.

J a n . 1 to L a te s t D a te.

Syracuse E ’st-SiiloRy.Syracuse St. RR.........Taunton 8t. Ry..........Torre Haute El’o. Ry. Third Ave. (N. Y.)Toronto Ry..............Twin City Rap. Tran. Union (N. Bedford)... Union Ry. (Saginaw). Union Ry. (Saratoga) United T a t. (Prov.)Waitelield & stone___Waterbnry Traction,.West End....................West Shore (Conn.)... Wilkesb. & Wy. Valley Wilmington S treet... Worcester Consol.......

--------------. I O otober... .[O ctober...

3 u n e .........J u n e .........Septemb’r. Septemb’r. Soptemb’r. O ctober... Septemb’r.J u n o .........Soptemb’r. O ctober... Soptemb’r. O ctober... Ootober...Ju n e .........SeptombT.Septemb’r.

2,97821,767

7,5711-2,857

235,831108,299185,840

15,50711,554

1.575158,346

4,10923,242

685,000344

39,6143,092

44,048

1895. 1894.

11,87410,975

204,375 1, 104,130 177,307 12,861" 2 ,i4 7

139,291 3,315

17,269 645,000 6,

336 33,537

2,900 35,629

199,39634,38860,817

998,326746,089

,466,281165,012

99,578

47,923180,619,156,000188', 234324', 920

129,50743,556

1,558,206 723,264

1,483,497 142,547

32,511113,173

5,741,000167*,851272,444

* Road in process o f reconstruction.t Earnings increased largely on account o f G-. A. R. encampment in

Louisville.Street Railway Net Burnings.—The following table gives

the returns o f St r e e t railway gross and net earnings received this week. In reporting these net earnings for the street rail­ways, we adopt the same plan as that for the steam roads— that is, we print each week all the returns received that week, but once a month (on the third or the fourth Satur­day) we bring together all the roads furnishing returns. The latest full statement will be found in the Ch r o n ic l e of October 19. The next will appear in the issue of Saturday, November 23.

-G ro s s lea rm n g s .-

R oa d s .Bath Street R y .......... Oct.

Jan. 1 to Oct. 31___Columbus St. Ry __ Oct.

Jan. 1 to Get. 31___Forty-8ee.St.Manb.&St.N.

July 1 to Sept. 3 0 ___Jamestown Street Ry.—

July 1 to Sept. 80___Jan 1 to Sept. 30___

Lehigh Traction..a.-O ot.Jan. 1 to Oct. 31___Juiy 1 to Oot. 31___

Lynn & B oston........Sept.Jan. 1 to Sept. 30___Oot. 1 to Sept. 30___

Metropolitan Street Ry.—July 1 to Sept. 3 0 ___Jan, 1 to Sept. 30___

Montgomery St, Ry.,Oet.Jan. 1 to Oot. 31___

Newburgh Elec. R y..Oot. Rochester Railway...Oot.

Jan. l t o Ocrt, 31___Scranton Traotion...Oot.

Jan. 1 to Oot. 31___July 1 to Oot. 31___

Second Ave. RR.—July 1 to Sept. 30___Jan. 1 to Sept. 3 0 ....

Troy City—July 1 to Sept. 30___Jan. 1 to -ept. 30___

Union Ry. (New York)—July 1 to Sept. 30___Jan. 1 to Sept. 30 . . .

UnionSt.Ry.(8ag’w).Sept. Jan. 1 to Sept. 3 0 ___

1895.$1,596

18,67652,058

524,588Ave.—

160,121

39,41174,0939,487

99,49945,495

141,7281,094,8481,381,389

1,532,425 4,254,563

4,640 42,108 6,592

71,389 719,758

26,417 243,432 112,665

275,921719,991

138,980361,807

135,375344,041

11,55499,578

1894.$1,764

17,06549,086

470,035

—N et E a r n in g s . -1895.

$793

6,48625,252

268,621

1894.$

853,949

25,123248,537

164,855 26,149 32,468

34,46268,41310,200

125,952983,747

1,238,409

1,367,332

4,03128,0184,548

68,800618,122

21,616209,033

93,263

284,593759,122

118,916316,817

136,338363,722

2,799 5,24837,461 ............20,455 .............94,688 65,417

506,361 414,788596,997 492,106

732,073 546,6251,903,245 ............

2,501 18,097 2,432

33,390 291,327

12,979 113,846

59,490

2,34310,6721,663

33,695261,524

9,30784,07338,751

88.253 172,763

72,270179,888

60,805145,816

5.253 46,875

94,740189,229

61,709161,559

69,166173,748

ANNUAL REPORTS.

K a n ia s City F o rt Scott & Jtem pliis R a ilro a d .fR eport fo r year ending June 30, 1895. J

In the eighth annual report, Secretary Charle3 Merriam says:

Betterments. The charges to operating expenses for the yetn- for betterment of the property amounted to 8154,293, as follows : Ballast, $64,812; additional weight of rails (1,050 Mncnn - newr S e tl'ac^s> Si,951; new iron bridge work, •719,000; improvement charged to repairs buildings, $6,780; new equipment, $32,500.

Bonded Debt.—Dming the past year 37'67 miles of addi­tional road have been acquired, extending from the main Ime near South Greenfield, in a southerly direction, to Aurora, M o ,, and on account of which $360,000 6 per cent consolidated mortgage bonds had been issued at the close of the fiscal year. Since the close of the fiscal year arrange­ments have been made for paying off $545,000 of the floating debt, incurred for purposes of construction and equipment, by the sale of a like amount of the 6 per cent consolidated mort- gage bonds at par and accrued interest, which leaves the bonded debt at $24,481 per mile, the authorized limit under the mortgage being $25,000 per mile, and the road practically without any floating debt, as the cash and cash assets on “ 9jOd 2?^ more than provide for all current liabilities.

1 raffic.—As anticipated in the last annual report, the export business and grain traffic to the southeastern States have been light by reason of the failure of the corn crop in ilansas and Nebraska, 3which also^materially affected jjtlie

THE CHRONICLE. 869No t ember 16, 1895.]

lumber business, but the outlook for the coming year is much more encouraging.

Earnings, Ac., of total System.—The following is the conjoined statement for the year ending June 30, 1395, of the company and its associated linet.the Kansas C ry Cliacon & Springfield Ry. Co. an 1 the Current River RR. Co.

M iles o p e r a t e d ........ ......... ....Grot*3 eA rn iu^s.............................. .Oi>eratiii*5HXpoQ»es ....................E xpenses, pe r oent of e a ra 'g s .

1395.. 915 .$1,51*2,163 , 3 .132 ,108

(63-96)

1894.

$4 ,391 ,2 01 3 .1 5 3 ,1 6 7176-591

1893.915

$5 ,661 ,3074 .161 ,296(73-50)

Net eurn intf* .......... ..................M iscellaneous in te re st p a id . .

$1 ,1 0^ .99 7*25,10)

$ 1 ,4 38 ,0 3 430 .134

$1 ,500 ,01112.00*

Char'it* —Bond and uote in te re s t ..............S in k in g fu n d * .......... .......................T r'ffle C'ont'UCC.M. JiB . RK.Co

$1 ,334 ,997

.91 .233 ,355 1 2.0 > > 17,718

$1 ,407 ,900

$1 ,3 03 . H 3 )12 000 J24 .149 )

$1 ,499 ,003

$1 ,317 ,937

S u r p lu s ......................................... ..$1 ,318 ,073

888 ,324$1 ,339 ,667

$68 ,232$1 ,337 ,987

$ 1 5 0 ,0 1 4Statistics o f Operations, Etc,, o f K. C. F. S. A M.—Statistics

of operations, etc., compiled for the CORONICLB show the fo llow in g :

OPERATIONS AND FISCAL BMCLTS.1 8 9 4 9 5 . 1393 94. 1892-93. 1891-92.

M ile , of road Ju n e 30 671 670 670 670Operations—

Pas*, c a rr ied . N o ... 793 .612 781,751 921 ,716 8 88 ,12 7Pa**, ca rr ied 1 m ile. 37 .179 .293 30 .365 .177 41.832 ,470 39 .9 32 .0 4 0B a te p e r pas* p e rm . 2-17 c t* 2 -2 1 o t* 2 16 ot*. 2-31 ots.F re igh t (tons) carrM 2.20*.9*<> 3 .5 2 5 ,0*9 2 ,939 .426 2 ,0 0 4 ,1 *6

K ate per ton per in. 0 333 e ls . 0*708 bt*. 0-716 ct*. 0-739 ct*.Earning*— 3 * * 3

Pa*M -n*er.................... 805 ,732 810,143 903 ,778 929 .079F r e ig h t ........ ........... 2 .714 .036 3 .092 .326 3,7>r.O I3 3 ,709 ,597M all, ex p re ss , e t c . . . 46 >.317 497.7/1 420 .360 352.602

T o ta ) .......................Expcmee—

Conti, t ran sp o rt 'd ...C ar rep a ir* ...................M otive p o w er.............M ain, of road . e tc . . .G en eral .......................New equ ip m en t.........T a x e s . ............................

3 ,935 .635

673,531306 .392659 ,535547 ,255390 .505

82,500194,379

4 .406 ,740

755 .507 359 ,623 803 ,3 51 011 ,263 397 ,136

23 .635 182 ,038

5 ,111 .151

907 .592460 ,124937 .564799 .900443 ,354

37 ,5 00168 .000

4 ,991 .278

842 ,355409 ,030912 .209820,162461 ,524

30.0O0159 ,331

T o t a l ..................... 2 ,794 .147 3 .137 .553 3 .992 .935 3 ,634 ,674Net e a r n in g * , . . . . . 1 ,191,493 1 ,269 ,197 1 ,303 .210 1 ,359,804

P.ot. of exp . to e a rn s . 70-11 71-20 7 4 4 0 72-82Of CO MB

1 8 9 4 9 5 .ACCOCTfT.

1803-1)4. 1892-93. 1891 92.Receipt*— s * $ 9

Net e a rn in g * .............. 1 .191,4*9 1 .209.197 1 .309 .210 1 .358.604O f tact—

In t. on bond*, e t c . . . 1 .009,559 1 ,059 ,259 1 .053 .198 1 .043 ,728D ividend* ................... 1137,490 t2 i9 .9 8 4M l*eellaneou«- . . . . 12.000 42,134 29,794 45.758K an sas c ity M. A B. 17.7X9 2 4.449 21 ,610 22 .160

T o ta l...................... 1 ,099,278 1 ,125,842 1 .242 .090 1 .331 .628B a lan c e . . . . . . . . . . . . . su r.92 ,211 »n r. 143 .345 stir, 60,120 su r.24 .976

•4 per c en t on pref. *8 on t r e t

BALASC* SHEET JUNE 30.ISOS.

Assets— iRood and e q u ip m e n t , . . . . . . . . . . .3 0 ,4 3 1 ,3 3 1Stocks ow ned.................................... 200 .502M ateria l e ...................................... 323 .063T ru stees ' accoun t . . . . . ------. . . . . . . . 442 ,473tM«h.............................................. 269 .803B m * r e c e iv e d ........................ 58 0 ,0 0 0T em porary Investm ents------ . . . . . . . 236 .455B a lan c e open acco u n ts .... 298 ,107

1804.•30,108 .239

203 ,582372 ,8*9387 .202202 ,205534 .000267 ,572440 ,805

1893.•

29,879 .200209 .563410 .016359 .877135.179481 ,000

8*15^638

Total a s s e ts . .......................................32 ,896 ,043UsAillllu -Common stock......... ................. 9,997.000

P referred s to c k ....................................... 2 ,750 ,000Bond* (see S i ; r M .* w s im .......... . . .1 7 ,2 1 7 .0 0 0T rustees ' accoun t*......... . . . ______ 4 50 ,35 4In terest due and accrued . . . . . __ 221 ,002B i l l , p ayab le .......... 954 .905K. O 8pr. .8 M, su sp en se acco un t 338 ,000C ap s id vo u ch ers ............ . . . . . . . . . . 2 78 .30 4K. C. M. A B. accrued earnings--- 0,830Incom e acco un t . . . . . . . . . . . . . . . . . . . 836 ,144

32,532 ,225 81 ,780 .532

9 .9 9 7 .00 0 9 ,997 .0002 .750 .000 2 ,750 .000

16.357 .000 17,147 ,000393 ,239 379 ,432231 ,085 212 ,354

1 ,022 ,007 835 ,9573 38 ,00 0 ...............329 .479 ...............

9 ,8 8 2 8.203593 .93 3 450 .530

T otal llab lllU e ....................... ............32 ,896 .64 !) 3 2 ,523 .225 *1 ,780 ,532

Manhattan (E le va te d ) Railway.( Report fo r year ending September SO, 185$,)

T h e decal y e a r o f the M anhattan R a ilw a y w e u nderstand ends, as h ereto fore , J u n e 8», but at the ann ual m eetin g on W ed n esd a y a b r ie f sta tem en t fo r the y e a r en d in g S e p t 80 was furn ished as usual, as sh ow n b e low . F or th e y e a r ending Ju n e 30 the com p a ra tiv e rep ort o f earn ings and ba lance sheet w as in the C flR o v ic tE o f A u g u st 17, page 279.

Refunding, Tax Suits. Etc.— T h e figure* fo r the late year sh ow a d e fic it o f $391,788 a fter p a y m en t o f th e usual divi­dends, con tra stin g w ith a surp lus the p rev iou s y ea r of $340,- 180. T h e rep ort, h ow ev er , states that the in terest o n bonds includes interest on th e N ew Y ork E levated R a ilroad first m ortga ge 7 per cen t bonds to be re tired J a n . 1, 1896, thereby e ffectin g a net sav in g o f $238,000 in terest per a n n u m . The re ­p ort a lso says : W e h ave e v e ry reason to e x p e c t u ltim atesuccess in the present tax l it ig a t io n ; th is would effect an add ition a l sav in g o f $285,000 p er a n n u m .” T h is $285,000, it is understood , has n ot been paid for .th e .p a a t y ea r .

As further decreasing the importance of the years deficit, it is unofficially pointed out that this is due in part to the fact that interest has been included for a portion of the year on the -$8,925,000 of consol. 4s sold in June, 1895, to retire the New York Elevated 7s, the interest on these latter bonds being also included, as they do not mature till Jan. 1, 1896. This causes a duplication of interest payments, which will also continue for three months o f the year ending Sept. 30, 1896. The increase in fixed charges is Likewise in a measure explained by the sale early in the present calendar year of $3,085,000 consol. 4s issued for improvements.

The |percentage of operating expenses, including all taxes, was 6'3'93 percent, against 60' 12 per cent in 1894, and 53'90 oer cent in 1893, when taxes were included u ider charges. The balance to profit and lass account Sept. 30, 1895, was $4,957,856 after deducting the year’s deficit.

Loss o f Passengers —On the Manhattan lines proper the t >tal number of passengers carried decreased from 214,- 459,217 fin 1893 to 190,669,854 in 1894 and has decreased to 179,234,356 in 1895. This loss is generally attributed to the competition of the cable roads.

Officers ancl Directors.— The following officers and directors were elected: President, George J. Gould: Vice President and General Manager, Frank K. Gain; Secretary and Treasurer,D. \Y. M cW illiams; Directors, George J." Gould, Edwin Gould, Howard Gould, Russell Sage. Samuel Sloan, G. P, Morosini, George Bliss, Frank K. Hain, R. M. Gallaway, Donald McKay, Joseph Eastman and Warren B, Smith. The I .at-named gentleman was chosen to succeed Simon Wormier, deceased.

Statistics—F or the years en d in g Sept. 30 results w ere as fo llow s :

1895. ' 1894. 1893.P assen gers ca rr ied M an 'll. ltDes. 179 .134 .356 190 .069 .854 214 ,459 ,217

" Suburb . Dual 9 .931 .289 5 ,489 .469 5 .1 6 1 .30 0

T o ta l....................................................... 188 ,072 .645 196 ,159 ,323 219 .621 ,0178 8 $Gross e a rn in gs ...................................... 9 .745 .927 10,138 ,143 11.137 ,051O perating expen ses an il t a x e s . . . 6 .132 ,827 6 .095 ,557 6 ,210 .160

Not e a rn in gs ................................... 3 .613 .100 4 ,042 .586 4 ,926 ,891In terest on bonds................................. 2 ,204 .887 2 .002 ,406 2 ,015 ,076

B a la n c e ................................................. 1 ,409 .213 2 ,040 .180 2 .911 ,816Dlvtdoud*...................................... 1 ,800 .000 1 ,800 ,000 1 ,800 ,000

B a lan ee ..................... d ef.391 ,797 su r.2 40 ,1 8 0 su. 1 ,111 ,816P. ot. of oper. exp en ses to e a rn s . 62 '93 GO'12 55*76—V. 81, p. 281.

Great Northern Railway.( Report for year ending June SO, 1S95.J

T he Wall Street Journal prints th e fo l lo w in g as fr o m St. Paul. A t the co m p a n y 's ] o ffice yesterd a y it w as n o t p ossib le to g e t it verified .

1894-95.*

Gross e a rn in g s___. . . . . . 13 ,109 ,939O perating expen ses . . . 7 .605 ,737

1893-94.8

11 ,315 ,3566 .900 ,722

1892-93.8

13,522 ,5817 .710 ,971

Net esrn tngg O ther Income,

5 .504 ,2021 ,307 ,836

4 ,4 4 4 ,6*41 ,991,516

5 ,811 ,6101 ,018 ,652

Total..Charges

6 .812 ,0385 ,372 ,530

6 .436 ,1505,352,804 6 .830 .1624 ,647 ,831

Balanee.Dividends

1 .439 ,5081 ,250 ,000

1 .083.3461 ,187 ,500

2 ,1 8 * . 3311,000,000

B alance 8ur. 189,508 Def. 104 ,154 8nr. 1 ,182,331T h e oth er in com e is m a Is up o f surp lus earn in gs fr o m o p e r ­

ations under leas- o f St. Paul M. & M. R y ., $131,871; in te re s t on bonds ow n e d , $113,017; d iv id en d s on stock s ow n e d , $731,- 631; rentals fro m lines leased, $223,610 39: in terest a n d e x ­ch an ge , $21,912 18; bills rece iv ab le , $53,05 1 7 1 ; in co m e fr o m oth er sources. $153,030 91; tota l, $1,807,836.— V . 61, p . 703.

Third ATenne New York (Cable).( Report fo r the year cnding]October S I, 1855. J

A t thc-am uial m eetin g W ed n esd a y the o ld b oa rd of d irectors was re -e lected , w ith tw o ex cep tion s . C harles R -m se n was chosen to su cceed his fa th er , who died recen tly , a n d H en ry Iden w as e lected in p la ce of Jndge E h rlich , d eceased .

1895. 1894. 1893 .$ $ $

C ross e a r n in g s .......... .................. 2 ,583 .011 2 ,007 ,804 1 .653 ,539O perating expen ses ............. ... 1 ,528 .469 1 ,070 ,965 1 ,188 ,235

Not e a r n in g ............ .................... 1 ,054.5 42 936 ,839 405 ,304Other In co m e .............. 28 ,633 9 2 ,3 03

T o ta l. ...................... 963 .472 557 .607T axes and In te re s t ... 328 .467 249 ,539

Net incom e............ . 635 ,005 309 ,068D iv idends....................... 500 .000 240 .000

S u rp lu s ................... 75 ,005 69,068BALAKC* BIIBET OCTOBER 31 , 1895 ,

Assets—Cost of road ..........Cost of equ ipm ent Cost of re a l e s ta te .B o n ds......................... .C a sh .............................

T o ta l........................ .- V . 61, p. 795.

$7 ,896 ,6342 ,081 .9723 ,078 ,742

15,000355,516

$14 ,027 ,864

TA abilities—Stock paid in ................... $8 ,6 00 ,0 0 0Coupon bonds_______ 5 ,000 ,000M o rtgages ......................... 7 1 ,0 00Open aoooanta ............... 33 ,075S u rp lu s ......................... 323 ,799

T o ta l............................ . .$ 1 4 ,0 2 7 ,9 6 4

' ( IHE CHRONICLE. [V ol. L X I;

:r a l i n v e s t m e n t n e w s

: *1 la PUns, Etc.-

cipal

(lentfor

>f this n: elude ilia ations ur

uimittee.

Mowing is an index to oiure sales, reorg.int- pavroent of coupons,

ompanies, that have ce the last editions of

Railway Supplements were ture hem* set forth therein, tter in to day’s CHRONICLE, j used: Plan for reorganiza- for coupon payments; d ef.

RAII.ROAIlS-(COn.) imp 61— Ta<1'-i Uv. & Navigation..Mllf 795, 831

. Alabama . ...MU 7»0r A Evi

lc L. Shore A0 St. I>. A Ka1 I*« City.. , 751.

UaMfoGo £• • • — r«?’ivetaml t'nnion A SoutIb.'.’ln, ortj. 7031. A Hock. Cool A Iron.. 83 0

.Mir 7 (0 , 83 0(Uiiiotf A Cottle P w Jln g... rt

740704

IUST. St l- A TfXfU* ... — r< fSnMo

,.>•!! X Birmingham......798

Sfi ■ ntguincrj A Eufnula... taie 703Memtcoui. Tui»c. St Mom pilis./fl reel. 830N. Y. Hake Erie A W ....... in u . 8 31

rtliern Pacific........... / 0>/p. 750760 , 704. S3 1

Oregon S. L. A U. N ....... *coup. 7 6 0 , Ct 1

I Wiwh. A Chesap. B each ....... mile 795Wisconsin Central............ coup. 795

STREET RATLWAYS.Aabury Park A Belmar.........reevr. 793Augusta Street Ry.................. reevr. 7rS

I Chattanooga E lectric............... mile /tudo do

! Chic. A So. Side It. T. (| do doDavenport A Roc Denver City Cab!

: Elmira A Horseh Gettysburg El. St Houston City S tr..Lone Island Tract!

UU Ulr i w i 'J. ' *I ran g e M ountain C ab le............. sole 902i Pueblo City Railway .. ...........sale 472I Qnu f t li« Pi ina Kl If v nlmi 500. 012

T. Co... Island..

rtorg... Com.

reevr.

703471«6l753470740

eet Ry.. . reevr. 558 |nt Ry.... . forecl. OilIon,— ..siU 830

This com pan 3* was oratlroad laws of Ohioconstrinotion in Nov..to Cle velum!, 35 milesStreet RR to run overmiles; and with the Cl<a distanee of 5 miles.owned in fee; 16 milechiae aud 5 miles 25man hesr and has ste(ball a siLed, has at presewith H,vo 50-horse pow

This road in addtrionsomeentire

’ tire

ilrtyThe Akrc

$300,000,

A kron B ed ford & C lev e la n d R R . (E le c t r i c )—Road Com- pitted.—We have received the fo llo w in g in teresting statem ent regard ing this road, w h ich is one o f the first inter-urban e lectric roads o f im portance to be com pleted .

m lze l October 15, 1894, unitor the steam hich permit use of electric power) and began U . The road is now completed from Akron

s. having traffic atrangemeuts with the Akron its line into the center of Akron, a distance of 4 sveland Electric RR to the center of Cleveland, About 11 tg miles is on private right of way is on the highway with 11 miles perpetual fran- -vear franchise. The road is built in a flrst-olass

bridges, heavy rail, mostly T., and is well present an equipment of 14 cars of the large pattern, * power motors under each car.

1 in addition to serving the large population of Akron. Kent, Falls. Norihheld, Bedford and Cleveland passe« through most beautiful acenerv to b i found in Ohio and opening an

w field for traffic. The line to Kent, a distance of 4 miles, is but will not be completed until spring. The running time nter of Akron to the center of Cleveland is to be one hour ninutes. a distance o f 35 m iles; fare 60 cents one way, 1 trip. Railroad fare is $1 90.n Bedford & Cleveland RR. Co. has a paid-up capital of < au Ohio corporation with stook liability and h is $ ,00.000

flrat mortgage 5 per cent twonty year gold bonds. Further bond issue is limited i ,> $Ui.00tl pur mile of new track. The company began operating I lie through line ou Saturday, Oct. 36th. Po vor is furnished by two power houses, located one at Bedford aud one at Cuyahoga Falls.

A m erican B e ll T e le p h o n e .—Berliner Patent Suit.— The Suprem e Court o f the U a ited States has denied the m otion o f the com pan y to dism iss the appeal o f the U n ited States in the case in vo lv in g the B erliner speak in g m icroph on e . The Court holds that it has ju risd ic tion to try the c a s e .—V . 61, p . 792,

A tch ison S y stem —A tla n t ic & P a c if ic .—Foreclosure Sale. — A t A lbuquerque, N . M ., on M onday, N ov . 11, Judge C ollier sustained the exception s filed by the U nited States Trust Com pany o f N ew Y ork to the answ er o f the defendants in the foreclosure case against the A tlantic & P a cific R R . Co. A decree o f sale is exp ected in a short tim e.— V . 61 p. 829.

A tch ison System — C o lo ra d o M id la n d —Earnings.— Since the beginning o f the cu rren t fiscal year on Ju ly 1 the earnings o f this road have show n an im provem ent over the correspond­in g p, riod last year, the gross fo r the first three m onths being som e 86 1,000 better and the net 8130,000 better than in 1891, w hen there was a deficit from operation . T he O ctober gross w as about $175,000. The receiver declines to m ake p u blic the figures as they d o n ot d o ju stice , he says, to the norm al earn­ing pow er o f the property . Justice to the security holders, how ever, w ould seem to require that they shou ld be in form ed 38 to the results from cu rren t operation , this being especially desirable in v iew o f the present independent operation o f the road apart from the A tch ison system . U n der the A tchison receivers the figures w ere furn ished w eek ly and m on th ly , but since the present receiver took ch arge th e bondholders have been kept in the dark .— V . 61 p. 557, 829.

M ain e R R . —Quarterly.— E arnings fo r the quar- pt. 30 have been rep orted as fo llo w s :(Iron 8 N c t O th e r I n t e r e s t ,

e a r n in g s . in c o m e , c h a r g e s . tie .$2,1 I I ,806 $146,137 $1,291,604

1,803,198 109,720 1,058,681

Boter e:

■ning s. 73,022 83,010

Balance, surplus.

$966,339 856,237

theB ro o k ly n hi c ra te d R R .— Quarterly.— E arnings fo r uaruT (T ilin g * .» pt. .30 h ave been reported as fo llow s :

Kc- Other Interest, Balance,’ *4 vi f.uA i u 'i 1'!-'7!; etc- deficit:aoj..............VwAVtoS $3,011 $210,121 $31,930

................ 380,038 137,284 952 209,007 70,771

Loans and bills payable Sept. 80, 1395, $250,000, against' $240,000 on Sept. 30, 1894.— V. 61, p. 280.

Bnffalo (.Street) Ry.—Quarterly.—Earnings for the quarter ending Sept. 30 have been reported as follows. These figures do not include earnings of the “ Cro-stown road :

3 m o n th s G ross N et O th er I n t e r e s t , B a la n t e ,e n d . S ep t. 30— e a c n i n g s . e a r n i n g s . o a t? T a iSi1B9S ' S34S.03K *183.961 $ d,9S8 $100,138 $84,8111 8 9 4 32i,677 lso.soe 6,221 95,912 eo.ats

Loans and bills payable Sept. 30,1395, were $550,066, against $502,611 on June 30. There were no important changes in the balance sheet.—V. 61, p. 239.

Cape Fear & Yadkin Valley R R .—Reorganization .—C, Adolphe Low, George F. Baker and'William E. Strong, a com ­mittee claiming to represent a majority of Series A Bonds, request holders of both Series A & B to withhold approving the plan published last week until as a committee they can investigate the situation. They think the A & B bonds should receive better terms. It is pointed out on the other hand by the Blackford Committee that the “ A” bonds are accorded by this plan $250 per bond in new general mortgage bonds more than the “ B” and “ C” bonds receive. Tney believe in preserving the unity of the road and considir the “ A” bonds have been fairly provided for.—V. 61, p. 830.

Celluloid Company—CTiange o f Dividend Period.—This company has declared a dividend of 1 per cent and an addi­tional dividend of one-half of 1 per cent, payable Jan. 2,1896. The dividend hereafter will be payable ia January, April, July and October, and the extra dividend is paid merely on account of the additional month included by this payment.

Central o f Georgia Ry.—Bonds Offered.— The $16,500,000 of consolidated mortgage five per cent 50-year gold bonds of the Central of Georgia Railway Company, issued in connection with the reorganization of the Central Railroad & Banking Company of Georgia, are offered to investors at 96J£ and accrued interest by the New York Guaranty & Indemnity and the Mercantile Trust companies of New York. Subscrip­tions will be received up to the close of business on Nov, 19. The properties upon which these bonds are a lien formed for many years the most prosperous dividend paying system o f the South. Its insolvency resulted from the acquirement of extensions at heavy fixedcharges. Of the roads so acquired, those which are retained in the reorganized system have been recognized principally by issue of income bonds, ranking after the consolidateddssue. The property covered by the consoli­dated mortgage* embraces all of the railroads, equipment, leaseholds, interests in other railroads and steaipers, and se­curities owned by the company, and also such property as may be hereafter required. The new company owns abso­lutely 1,123 miles of railroad and holds leases in perpetuity, upon 385 miles. The bonds are also a lien up m the owner­ship and equity of the capital stocks of the Ojean and New England Steamship Companies, which own a fleet of nine steamers plying being New York, Boston, Pniladelphia and Savannah, as well as extensive and valuable terminals in the last-named city. The consolidated bonds will be the only fixed charge obligation covering the entire system and will be an absolute first lien upon 579 miles of railroad and its equipment, and the leases of the South Western and Augusta & Savannah roads and the stock of the New England Steam­ship Company. The liens prior to the consolidated mortgage aggregate $13,720,000. Daring the receivership the physical condition of the property had been greatly improved and its equipment increased and renewed. The new company has no car trust or floating debt. By the- reorganization the fixed charges of interest and rentals have been reduced about 33 1-3 per cent to $1,864,000 per annum. The surplus earn­ings of the system for the year ending June 30 last, as re­ported by the receivers, were $2,122,885, exclusive of expen­ditures for equipment and rails. During that year, however, the system was operated under traffic conditions of extreme depression; hence largely increased earnings are reasonably expected.

On subsequent pages will be found an abstract of the mort­gage specially prepared for the Chronicle with a view to presenting ail its essential features in readable form. A map of the company’s system is given in the October issue of the Investors’ Supplement.—V. 61, p. 830.

Central & South American Telegraph — Listing.—Addi­tional stock for $1,417,600, making the total $7,917,600, will be listed Jan. 1 on the New York Stock Exchange. This new issue retires a like amount of construction certificates dated 1892.—V. 60 p. 560.

Chicago Peoria & St. Louis R R .—Sale Confirmed.—On Saturday, Nov. 9, at Springfield, 111., Judge Allen, in the United States Circuit Court, confirmed the recant sale of this road to the Bondholders’ Committee for $2,100,000. Judge Allen directed that suitable provision be made for the protec­tion of claimants whose claims may be filed within sixty days.—V . 61, p. 793.

Cincinnati & Green R iver R R .—Sale.—This road is again advertised for sale on a judgment for $3,837. The sale is set for Nov. 25.—Y. 61, p. 471.

Cincinnati Jackson & Mackinaw.—New 1 rackage Rights. —This company has secured trackage rights from Franklin to Middletown, Oaio, over the Cleveland Cincinnati Chicago & St. Louis, which will give it an entrance into Cincinnati. A traffic arrangement has also been made with the Baltimore & Ohio which will give the Cincinnati Jackson & Mackinaw at Sherwood a connection with Chicago.—V. 61, p. 793.

THE CHRONICLE. 871NOVEitBER 16, 189-5 ]

C o n co rd A M o n tr e a l K B .— P e m ig e w a s s e t V a lle y R R .— (Proposed Extension.— A stock h old ers ’ m eetin g o f th e P e m - g e « asset V a lle y R R . w ill be h e ld N ov . 20 at C o n co rd , N . H ., t o vote o n th e b u ild in g o f an ex ten sion fr o m N orth W o o d - s tock th rou gh th e P em igew a sset V a lle y , and to au th orize the issuan ce o f the necessary ca p ita l s to c k .—V . 61 p. 63.

C o n so lid a te d G as Co. o f N ew J e r s e y — Consolidation.— T h e gas and e le c tr ic p lants o f L o n g B ra n ch , R ed B ank and A sb u ry P a rk , X . J ., an d fran ch ises, co v e r in g the en tire ocean fro n t from S eabrigh t to Sea G irt, a b ou t tw e n ty m iles, h ave been pu rch ased b y a sy n d ica te h ead ed by E m erson M cM illin & C o ., bankers, o f N ew Y o r k . A com p a n y (the C on solidated Gaa C o. o f N ew Jersey) has been fo rm ed and w ill d ev e lop and operate the properties. W o r k o f lay in g m ain s to c o n n e c t this territory w ill beg in at on ce . T h e plans con tem p la te en large­m en t o f the w o rk s , so as to produ ce a t least tw o h u n dred and f ifty m illion s c u b ic feet o f gas per an n u m fo r illu m in a tin g and fn e l pu rposes.— Xew York News Bureau.

C r a « f i .r d s v i l l e W a te r A L ig h t—Foreclosure Sale.— T he sa le is set fo r D eo. 14, 18?5.

D enlst n A N o r th e r n R y .— Receive*— A t A rd m ore , I T ., o n T u esday. N ov . 5 , th e l io n . M oran S co tt w as appointed re ce iv e r o f th is c o m p a n y .— V . 61, p . 470.

H er ver & K lo G r a n d e R R .—OJficersand Prospects.—The d i rectors o f th e co m p a n y on N ov em b er 15 re -e lected G eorge C op p e ll C h airm an o f the B oa rd ; E d w ard T. J e ffe ry , P resi­d en t; W illia m W a g n e r , S ecre ta ry ; J . W . G il lo ly . T reasurer: J . B . A n d rew s , A ssistant S ecre ta ry , and Jesse H o y t. A ssistant T reasurer. M r. C op p e ll, w h o has recen tly in sp ected the prop ­e rty . is q u oted as sa y in g ;

Boulnes* throughout the W est, an d e sp e c ia lly In Colorado, ap p ea rs to he lu a sa t is fac to ry condition. R ates g e n e ra lly a re m ore s tab le and a r e a trifle b etter. The m in is * , zg ri o ltu ra l an d fn i lt g ro w in g In ter­e s ts a re doarU k in g a l l a lo n g the co m pany’s lin e s , a s I* e r ld eo aed by Its s a t is fa c to ry earn in g* . We e s t im a te a su rp lu s for O ctober o ver a ll } ch a rg e s of from # 1*0,000 to 4150 ,000 . The eq u ip m en t and roadbed a re Id good shape, and the com pany u p u ttto g in sev en ty -d v r pound T a ils . 'The (told ou tpu t In Colorado Is In creas in g and | to 'd o ex p ec t ' th a t the production of th a t m eta l w ill ex ceed a l l e s t im a te s .— V. 61 ,p. 121

F lo r id a C e n tra l A P e n in s u la r K B .— A n n u a l.— F or the yea rs en d in g J u n e 80 a rep ort o f ea rn in gs has te e n fu r ­n ish ed ns as fo llo w s : J

T ears— Gross earnings. Operating expenses. Wet earnings. ]1894 95............. ...... $2,272,148 «1.01*0,317 flssi.sji1893-04 ............................. 2 .108 ,750 t . t 13.802 662 ,170— V. CO, p. 82.

G e n e r a l E l e c t r i c — W estin gh ou .se E le c t r i c A M a n u fa c - jt u r l a g .— Patent Sait. — O n M on day, N ov . I I , th e S u p rem e C o u r t o f the U n ited States held that the Saw yer-M ann e le ctr ic -lig h t patent, o f w h ich it w as a lleged th e E dison in -candescent la m p w as an in fr in g em en t. w »* to o broad to be sustained. T h e C on solida ted E lectric L ight G o .,w h ich brou ght th e su it , is n o w con tro lled b y the W estin g h ou se E le c t !ic . i — V . 60, p. 873; V . 61, p. 241.

G e o r g ia S o u th e r n A F lo r id a B y .— M acon A B irm in g h a mB ll ' "fleers— Relation* Severed. — S a m u el S p en cer has beene le cted F re -id en t o f th e G eorg ia S ou th ern A F lor id a ; W . j C h eok ley S h a w , V ice -P res id en t, and D. C . S m ith , S tcrt tary an d T ren m r. r . O rders h av e been g iv en that the M acon & B irm in g h a m , w h ich has been op era ted as a d iv is ion o f the G e o rg ia S ou th ern A F lor id a , shall bo re lin qu ish ed to its re- | ce iv er* .— V. 61 p . 429, 830.

I n t e r s t a t e C o n so lid a te d S tr e e t R y .—Securities Author­ized.— T h e M assachusetts S ta te R a ilroad C om m ission ers have au th or ized th e c o m p a n y to issue 6230,000 o f stock and 6150,- 000 bon d s, a tota l o f 6390,000, o f w h ic h 663,800 fo r im p rov e ­m en ts and add ition s, an d the Im l in e r on ^accoun t o f fr o a d * o r ig in a lly purchased b y it. These figures in c lu d e the 6100,000 s to ck and flfO.OOO bon d s p rev iou sly a u th or ized .— V . 61 p. 662.

J a c k s o n v i l le T a m p i A K *y W est R K . — Reorganization Notice.—The C om m ittee o f F in d M ortgage B on d h old ers , W in - thrui) S m ith . C h airm an , g iv e s n o tice that a m a jo r ity o f the bon d s have a lrea d y been d ep osited w ith th e com m ittee , and I notifies ail bon d h old ers w h o h ave n ot a lrea d y s ign ed the 1 agreem en t a n d dep osited th eir bonds to d o so w ith th e Penn sy lv a n ia C om p a n y fo r In su rances, A c . , b y N ov . 20, a fter j w h ich date b on d s w ill o n ly be rece iv ed at the d iscre tion o f the c o m m itte e .— V . 61. p. 194.

J a ry U -t .'o n k lin M ortg a g e T r u s t .— Receivers' Sale. —T he r e ­ceivers w ill sell a t a u ction on Dec. 13 all the assets o f the co m p a n y w h ich th ey h old . F u rther particu lars m a y be o b ­tained at th eir c f flc e , 31 W a ll S t .— V . 61, p. 611.

Im iig Is la n d ItB - Quarterly.— E arn in gs fo r the quarter en d in g Sept. 30 h ave been rep orted as fo llo w s :

3 months. Otom S'ft. Other Interest, Balance,end.Sepi,30 , taming*, earning*, income, tax**, etc. turplux.l « 0 5 r . s s . ......................................... #ea# ,e09 $00 ,00 0 $ 2 9 5 4 3 7 $139 ,3721094**.**......... 1 ,405,172 633 ,476 66,397 208,5*5 411,2*8

M a n h a tta n ( E leva ted > R y .— Quarterly.— E arn ings fo r the qu arter en d in g Sept. 80 h ave been rep orted aa fo llow s .

3 month* tiro** Set Other Interest, Bal. forend, Sent. 30 . earning*. earning** income, lax**, etc, dividend*.]1895 ........ .. $2,074*193 $75 5 ,0 04 $74 ,337 $ 700 ,790 $02,0111 8 9 1 . . . . ........ - 2 ,0 1 5 3 1 0 795,175 37 ,500 000 ,228 172,147

D ivid end s a m ou n tin g to 6150,000 fo r the qu arter w ere paid ! in each yea r , lea v in g a d efic it o f $387,880 fo r the qu arter in 1895, against a d e fic it o f 6277.583 in 181)t.— V . 61, p. 381.

M anti far tn re rV Trust Co. i B r o o k ly n )—Stock Subscription — T h e 6500,000 capita l s tock o f th is n ew trust com p a n y was all su bscribed fo r w ith in a fe w h* urs at $200 p>r 6100 share. The co m p a n y w hen it begins business ea r ly n ex t year w ill

■therefore possess a surp lus o f 6300,000,

M etropolitan T raction—M etropolitan Street Ry. (>'. Y. City).— Quarterly. — Earnings of the railway company for the quarter ending Sept. 30 have been reported as follows:

3 months end. Gross Net Other Interest, Balance,Sept. 3 0 — earnings, earnings, income. taxes, etc. surplus.IS 9 5 ........................ 01 ,532 .425 $732 ,073 $49 ,58 7 $513 ,132 $268 ,5231*9 4......................... 1 ,367 ,332 546 ,625 46 ,206 459 ,996 132 ,835—V. 61, p. 794 .

Eighth Avenue R R .—Control o f this road has keen acquired in the interest of the Metropolitan Traction Company on terms not made public.

M e tr o p o lita n S tre e t R y .— C olu m b u s A 9 th A v e n u e R R .—Consolidation — At Albany on Tuesday was tiled a certificate o ' agreement of consolidation of these complines under the title of the Metropolitan Street Rv. C >. The capital is $16,- 509,000.—V, 60, p. 1146: V . 61. pi 704.

New E n g la n d R R .—JVeut Officers.—At Hartford, Conn., on Thursday, Nov. 14, the following directors were elected by a unanimous stock vote of the shares r< presented at the ms st­ing: William T. Hart, Francis L. Iligginson, N. W. Rice and Charles L, Lavering of Bojton; Jesse Metcalf and Gorham P. Pumroy, of Providence, R. I.: Frederick J, Kingsbury and D. 8. Plume, of Waterbary. Conn.; Charles P. Clark, of New Haven. Conn.; Roberc Bacon, of New York, and John \V. Doane, of Chicago, III. Executive officers were elected as follows: Presiden*. Charles P. Clark, of New Haven; Vice- President. William T. Hart, of Boston: Secretary, James W . Perkins, of Boston; Treasurer. G. B. Phippen, of Boston; General Manager. J. T. Odell. A majority of the stock of the rord was voted in the interest of the New York New Haven & H artford Railroad.—V. 61, p. 662.

New E n g la n d R R .—Listing.— 'Thia company's co m m o n stock for 613.988,700 has been listed on th e New York S tock E x ch a n g e , p ow er being g iven to in crease th is to $20,000,000as add ition a l am ou n ts are issu ed .—V . 61, p . 663.

New J ersey E le c t r ic Ry,—Coupon Payment.—This Com ­pany paid ba f its November interest in cash and tin balance in scrip, redeemable either in cash or b inds six months hence. It is reported that 90 per cent o f the bondholders have con ­sented to this arrangement.

Mr. Morrisse, Chairman of the board of directors, is quoted as denying that the road is in d inger of bankruptcy, since he stya the part from Singao to Rutherford is paying both running expenses and interest charges, and the Rutber- ford-Hoboken end meets operating expenses.

N ew J e rse y A N ew Y ork R R .— Quarterly.—Earnings for the quarter ending Sept. 30 have been reported as follows;

3 months Gross Set Interest, Balance,end, Hept. 30— earnings. earnings. taxes, etc. surplus.1895 ....................... $103 ,125 #28.0u5 $13 ,323 $14 ,482ISO*................................... 94 ,953—V. 61, p. 279 .

13,071 12,558 2,310

N ew Y ork C h ica g o A S t. L ou is R R .— Quarterly.—Earninga for the quarter and the nine months ending Sept. 30 have been reported as follows:

3 months end. Grots Set Other Interest, Balance,Sept. 30— earnings, earnings, income, taxes, etc. surplus.la B 0 .............................. $ 1 ,370 ,007 #398,St>0 $1 ,424 $ 285 ,442 t l l 4 , > 4 21894 ............................. 1 .130 ,603 381 ,615 1,019 282 ,943 100,351f ^1894-95 ........................$1 ,400 ,904 $ .126,446 $5 ,108 $859 ,042 $ 71 ,9121693-94 ...................... 3 ,966 ,076 704 ,424 5 ,381 831 ,300.17.141 ,093- V . 01, p. 240.

N. Y. L a t e E r ie A W estern R B . — E rie R R .—Note Con- f irm e d .—J u d g e Laoombe. in the United States Circuit Court on Monday, confirmed the sale of the Erie to the reorganiza­tion committee for $20,000,000. With reference to the claim that his Court did not poaatas jurisdiction, he said:

There xeem* no good reason w hy the Court w h ich o r ig in a l? acq u ired Ju risd ictio n to ca re for and dls|M>*e or the prop .r ty in a co n tro versy he tw een c itizen s of different s ta te s shou ld not re ta in such turtsd lotlon to dispose of the claims o i a l l p a rtie s ap p ear in g , w h ateve r th e ir citizen­ship.

N ew Company.—At Albany on Thursday. Nov. 14, was filed the certificate of organizrtion of the Erie Railroad Company, which <u'v, T* to the property of the old company, and will pretently become the owner in fee simple of the properties heretofore known as the Chicago A Erie and New York Penn­sylvania & Ohio. Full particulars as to the capitalization and obligations of this new company were given in the reorganiza­tion plan, which was published a t length in the C hronicle of Aug. 31, page 363.

The temporary board of directors named in the certificate of incorporation is as follows: Temple Brwdoio, C. H. Cos­ter, J. H. Emanuel. Jr.. A. H. Hillard. A. B Hopper, Thomas W. Joyce, Walter 3, Kenneys, J. P. Morgan. Jr., Francis Lynde S etaon, Mortimer F. Smith, VV. S, Townsend, J, H, Tierney and E. B. Thomas. This board met and elected offi­cers as follows; President, E B. Thomas; Third Vice-Presi­dent, Andrew Donaldson; Fourth Vice-President, G. G. Cochran: Secretary, J. A. Middle'on; Treasurer, Edward White. The company paid an organization tax on its capital of $189,500.—Vol. 0 1 , p. 881.

N ew York Ontario A W estern R y .— Quarterly.—Earnings for the quarter ending Sept. 80 have been reported as follows :

3 months Gross Set Other Interest, Balance,end. Sept. 30— earnings, earnings, income, taxes, dr, fundus.1895.................$1,(38,931 #382,U7 $18,840 $231,452 $109,5051894 ................. 1,057,170 382,703 18,840 232.887 168,710

Loans and bills payable Sept. 80, 1800, $220,000, against $121,500 on Sept. 80, 1804.—V. 01, p. 559.

LHE CHRONICLE. [VOL. LX I,872New

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Turk Pennsylvania & Ohio R K .-R e o rg a n v a tio n — Notice i- g iven to the firs t mortgage bondholders

he necessary m ajo rity of the scrip for first m ortgage having now been deposited for enfaceraent, in accord- itli the agreem ent for foreclosure of 6th Septem ber, nder which it is intended to c a rry out the proposed

ut w ith the new E r i e Com pany, the 30th November ■n fixed as the final date on which the scrip can be d except upon paym ent of such fine as m ay hereafter •m ined upon by the trustees.—V. 61, p. 473.

Northern Pacific KB.—R e c e iv e rsh ip —The representatives of the Farmers' Loan & Trust Company, the mortgage trustee, have been to Portland, Ore.,and are returning, interviewing tl„. judges of the several circuitcourts through whose districts the road pass* s in the elTort to secure a unified receivership.

IS,— At Washington, Nov. 14, Secretary Smith rendered a decision holdiug that the eastern terminus of the Northern Pacific is at either Thomson, Minn., or Superior, \vb which he does not undertake to say) instead of Ashland, Wi- a- ilways has been claimed hv the company. This de ci-iiin is raid to involve about 800,000 acres of land to which the company laid claim.—V. 61, p. 831.

Ohio Southern B it .—Meeting o f Security Holders.— Rush C. Hawkins and Robert J. Kimoall give notice that the hold- .,r_ ,,r st e n d mortgage bonds and o f stock will meet at the office of It. J. Kimball & Co., 16 Broad Stre-t, New York, on Saturdav. Nov. 16. at 1 o’clock P. M., to hear any reportsthat may be made as to the condition of the affairs of the company, and to see if any action is necessary for the protection of their interests.—V . 61, p. 750.

Oregon Improvement.—Change in Committee.—Messrs. John G. Moore and Henry W. Cannon have re'ired from the first mortgage bondholders’ committee, and Mr. E. Rollins Morse, of Boston, has become a member of the committee. Mr. Moore is going to Europe and Mr. Cannon retires because of his recent election as a director on the Great Northern. A majority of the bonds have been deposited with the com­mittee, and November 29 has been fixed as a limit for receiv­ing further dt posits. In due course the various propositions that have been suggrsted will be submitted to the bond­holders for their consideraiion, but it is thought that no plan of reorganization will be finally formulated for some months.—V. 61, p. 663.

Oregon Ky. & Navigation—Sale o f Collateral—The sale of collateral securing the collateral trust bas once more been post­poned; Dec. 3 is tlie date now set for it.

Oregon Rtj. Extension Co. Foreclosure.—The Bay State Trust Co. has commenced foreclosure proceedings against the Oregon Ry. Extension Company whose bonds are pledged as part security for the Navigation Company’s collateral trust bonds. Similar proceedings under the Washington & Idaho mortgage, which secures the balance of the collateral, were begun last September.—V. 61, p. 831,

Oregon Short Line * Utah Northern Ry.— Coupons.— At Omaha on Monday, Nov. 11, Master in-Chancery Cornish filed orders in the Dillon case for the payment of the interest due on Oregon Short Line 6s Feb. 6, 1895, and in the Rich­ardson case for the payment of the interest on the Utah dfe Northern 7 s due Jan. 1 and July 1, 1895. On Wednesday the American Loan & Trust Company of Bos on, trustee of the Oregon Short Line & Utah Northern consolidated mortgage, filed a bill of exceptions to the report of the Master ordering these payments.—V. 61, p. 831,

Padncah Tennessee & Alabama—Tennessee Midland— Louisville & Nashville—Control—It is rumored that the Paducah Tennessee & Alabama and the Tennessee Midland recently sold in foreclosure will be controlled in the interest of the Louisville & Nashville, the object being to keep other companies out of the territory.—V. 61, p. 750.

Philadelphia it Reading RE.—North Pennsylvania RR. —liefunding.—The Philadelphia Ledger says:

U e are informed that arrangements have been made for the refund­ing of the North Pennsylvania p,aiiroad 7 per oent mortgage loan due In May, 1806. The loan is $1,500,000, and the new rate of interest will b. i per cent, thus saving the Heading receivers after May next an annual expenditure of $15,000.—V. 61, p. 795. 1

Reorganization Plan—The C h r o n ic le is informed the plan will probably be issued within a week or ten days. There is mu< li gossip but no trustworthy information regarding its provisions.

Pittsburg Cincinnati Chicago & St. Louis Ity.-ATm-payment- o f Dividend.—As to the failure of the company to resume the payment of dividends on its preferred stock, an official is quoted as saying:

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venue on the Western lines is largo, the outlays for or.- on a large scale. The widening of tunnels and con- " hndges and station buildings between Pittsburg and ml < Inolnnati. which is now going on, will cost close on but as the net earnings this year promise to be over •I ihe indications point to still larger earnings for the •resent improvements are not of a nature to make it is , the dividend. The Pan-Handle needs four tracks burg and Wheeling Junction at present and double i heeling Junction to Columbus, and even as far as

li« trylllc is enormous and is increasing at a phenom-

1 iltsburg in rt Wayne & Chicago RR.—Newspaper Error. — I he daily papers have circulated widely an error regarding this company to the effect that it was about to fund its floating

e t and reduce its capital stock. This error first appeared in a new 1 ork paper, where it was occasioned by the misplacing of a paragraph with reference to the American Type Found­

ers’ Co. As applied to the Fort Wayne Company the state­ment appeared too ridiculous to need denial, but since it has been copied in the foreign financial journals it seems proper to correct any wrong impression produced by it.—V. 60, p. 1103.

Rio Grande Southern RR. Officers.—At the meeting o f the board of directors November to the following were elected officers of the company for the ensuing year: Edward T. Jeffery. President; George Coppell, Vice-President; J. W. Gillully, Treasurer; J. B. Andrews, Secretary; Joseph S.. Dale, Assistant Secretary.—V . 61, p. 158, 421.

Se ond Avenue Railroad (N. Y. City).— Quarterly.—Earn­ings for the quarter ending Sept. 30 have been reported as fo llow s:

3 m o n th s G ross N et O th er I n t e r e s t , B a la n c e ,e n d . S ep t. 30— e a r n i n g s , e a r n i n g s , in c o m e , tax es,d ie . s u r p lu s .1 8 95 -.:....................$475,921 $88,253 $625 $39,617 $49,2611894......................... 284,593 94,740 625 45,169 50,196—Y. 61, p. 282.

St. Louis Cape Girardeau & Fort S m ith — Receiver's Cer­tificates.—Judge Riley of the Missouri Circuit has authorized' the issue of $40,000 of receiver’s certificates to re lay the road between Delta and Cape Girardeau with heavy rails and other­wise improve it. The improvements wiil be made by the r ceiver, under the direction of the Consolidated Bondholders’ Reorganization Committee, which represents about $850,000 of the bonds. A trackage arrangement with the St. Louis Southwestern is said to be under consideration.—V. 61, p. 704.

St. Lonis Chicago & St. Panl RR .—Annual Statement — Receiver Chas. E. Kimball has favored the Chronicle with the following statement of earnings for the year ending June 30, 1895- Gross earnings. $238,223; operating expenses, $186,539: net earnings, $51,684.

Sept. 1. 1895, there were receiver’s certificates for $381,933 outstanding.

St. Paul Gas Light.—Control.— Messrs. Emerson McMillin & Co., representing a syndicate, has acquired control of the St. Paul Gas Light Co. of St. Paul, Minn., by the purchase of8,000 shares of the stock out of a total issue of 15,000 shares.

San Francisco & San Joaquin Valley RR .— Construction.— Good progress is reported in the construction of this road. Grading is well under way and track-laying bas begun,—V. 60, p. 837.

Staten Island Rapid Transit RR .—Quarterly.— Earnings for the quarter ending S ’ pt. 30 have been reported as follows:

3 m o n th s G ross N et I n t e r e s t , B a la n c ee n d . S ep t. 30— e a r n i n g s . e a r n i n g s . ta x e s , e t c . s u r p lu s .1 8 9 5 ..: ..................... $294,002 $149,341 $69,977 $79,3641894.......................... 380,939 195,4.37 83,101 112,336

Loans and bills payable Sept. 30, 1895, were .$696,000, against $752,000 in 1894.—V. 60, p. 838.

Third Avenue RR. (N, Y. City)— King's Bridge Franchise Purchased.—The franchise for the K ing’s Bridge Road extension was purenased by this company at public auction Thursday afternoon at 33j^ per cent o f the gross receipts more than the upset price, whicn is 3 per cent of the gross receipts for the first five years and 5 per cent thereafter. In addi­tion to the amount of its bid the Third Avenue Company was required, within thirty days after it should get the right oi way to build, to pay $250,000 into the city treasury. This is in the nature of a bonus imoosed upon itself by the Third Avenue Company.— V. 61, p. 795.

Troy City Ry. — Quarterly.—Earnings for the quarter Sept, 30 have been reported as follows :

3 m o n th s G ross N et O th er I n t e r e s t , B a la n c ee n d . S ep t. 30— e a r n i n g s . e a r n i n g s , in c o m e , tax es, die. s u r p l u s1895....................... $138,980 $72,270 $679 $29,396 $43,5531894............ ........... 118,916 61,709 814 30,367 32,156- V . 61, p. 279.

Union Pacific Ry .—Notice to Bondholders.—H, LivingstonRogers of this city, who represents a substantial amount of first mortgage bonds of the Union Pacific Railway Co., re­quests holders to send for documents containing details as to a settlement for their coupons and principal. —V. 61 p; 831 ‘

Union Railw ay (o f N. Y. City)—Quarterly.—Earnings for the quarter ending Sept. 30 have been reported as follows:

3 m o n th s G ross N et O th er I n t e r e s t , B a la n c e ,e n d . S ep t. 30. e a r n i n g s , e a r n i n g s , i n c o m e , tax es, e t c , s u r p lu s .1895...................... $135,375 $60,8lt5 $750 $31,427 $29,1281894....................... 136,338 69,166 250 37,674 31,742- V . 61, p. 832.

United States Rook .—Foreclosure Suit.—The Manhattan Trust Co., as mortgage trustee, has instituted foreclosure pro­ceedings under the mortgage securing the $L,000,000 of first mortgage bonds,—V, 61, p. 431.

Un’ ted States Cordage—Standard R ope & Twine Com­pany.— Incorporation .—On Friday, Nov. 8, the Standard Rope & Twine Company was incorporated under the laws of New Jersey, to take over the property recently purchased by the reorganization committee of the'United States Cordage Co. The incorporators are John Kean, Augustus C. Kellogg, Wm. R. Travers, W m . R. Potts and Wm. Barbm r.—V. 61, p. 569.

Western N. Y. & Pennsylvania Railway.—Quarterly.— Earnings for the qutrter ending Sept. 80 have been reported as follows. This company is a reorganization of the W . N. Y . & P. Railroad sold in foreclosure in February, 1895.3 m o s e n d . G ross N et O th er I n t e r e s t , B a la n c e ,S ep t. 30— e a r n i n g s . e a r n in g s . i n c o m e . ta x es , e t c . s u r p lu s .1895..............$931,575 $279,457 $7 ,lb8 $158,151 $128,4141394.............. 954,307 378,622 216 310,293 68,545

Loans and bills payable Sept. 30,1895, were $247,920.—V , 61, p. 751.

NOVEMBER 16. 1895.] THE CHRONICLE. 873

Jleports and D ocu m en ts.

C E N T R A L OF G E O R G IA RAILWAY CO.

ABSTRACT OF CONSOLIDATED MORTGAGE DATED NOV. 1, 189.5, SECURING $18,500,000 OF 5 PER CENT GOLD BONDS, DDE NOV. 1. 1945.

PARTIES.

REGISTERED BONDS.The registered bonds shall be in recital and substance simi­

lar to the coupon bonds, but p ivaole to the registered holder or transferee and without coupons.

FORM OF TRUSTEE'S CERTIFICATE.The trustee's certificate to be endorsed oa the bonds is as

follow s:This Bond la one o f a series of bonds described In the within-aten -

tinned mortgage or deed or trust, executed by Central o f Georgia Rail­way Company to the undersigned.

Tax M e r c a n t i l e T r u s t C o m p a n y ,Trustee.

ByFloe-President.

C e n t r a l o f G e o r g ia R a i l w a y C o m p a n y , o f G e o rg ia , here in a fter ca lled the “ R a ilw a y C om p a n y , p arty o f th e f ir s t

Krt, and The Mercantile Trcst Company, of New York, reiaafter called the “ Trustee," party o f the secind part.

PREAM BLE.

Whereas, the said railway company has, through purchase at judicial sate, become the owner o f a lice of railroad in the State of Georgia, extending from the City o f Sivannah through Macon to the City of Atlanta, together with a branch to Milledgevilte. formerly belonging to the Central Railroad dfc B an king C om p an y o f G eorg ia , an d has purch ased certa in other lines o f railroad and other property more particularly described hereafter, and to pa j for the same a n d for better­ments thereon, will need a large tu n of m ooet:

A n t i whereas. Its s to c k h o ld e r s a n d b o a rd of d ir e c to r s h a v e d u ly a u th o r iz e d a m o r tg a g e suns u n t i d i l y in i h - fo rm o f t im in d e n t u r e ;

4>ul whereas. I t s b o a rd o f d ir e c to r s l i a s r e s e t r e d t h a t th e s a id m o r tg a g e , a n d th e b o n d s s e c u r e d t h e r e b y , b e e x e c u te d a n d d e l iv e r e d in b e h a lf o f th e c o m p a n y b y i t s p r e s id e n t , o r a n y v ic e -p r e s id e n t a n d th e s e c r e t a r y , o r a n y a s s i s t a n t s e c r e t a r y th e r e o f , a n d t h e c o u p o n s a t t a c h e d to s a id b o n d s s h a l l b e a r th e e n g r a v e d s ig n a t u r e o f t h e t r e a s u r e r ;

A m i whereas. The fo rm o f th e s a id b o n d s to b e s e c u r e d b y th e s a id m o r tg a g e is to be in *u '■ stan ce a s f o l lo w s :

UNITED STATES OF AM ERICA.C S XT BA l OF 6BOBC.IA B A l l W A T COMBAXT, ooKSounaratt K om u oa rrrs ram c a s r onto sosd.

Mo. #1.0<MFF or v a lu e rece ived , tb « O a t r a i of G eorgia R a ilw a y C om pany, a oor.'

po ratio n o rgan iaed and e x is t in g u n d er the l a s t of ib « S ta te of Geor a la . b- reb r prom ises to n a r to T he M ercan tile T ru s t Com pany of New Y.>rs. o r n ea re r , Gee T housand D ollars, In go ld enia of th e United S ta te s of th e p resen t s tan d ard of w e igh t a w l S u c c e s s ,o n th e B n : .lay o f N ovem ber. Is th e y e a r I M A a t Um efflee o r a g en c y o f th e R a ilw ay Com pany In tba C ity of New Y ork. S . Y ., w ith interest a ! the ra te of five nor cen t p e r annum from November t , 1 *95 , p ay ab le tern ! aonu a l ly in tike gold coin, a t **M ofllo* or agen cy on the a n t d a y s of M ay an d Novem ber In each y e a r , upon su rren d er o f the annexed coupons therefo r as th ey novera lly m atu re .

The nriaelpal and Interea* of U»* bond a re payable without dedue- tlon for a or tax or Aweunoeot whleh the said Railway C om pany mayb e required to pay o r retain therefrom coder n r by m o o n o f any pres­en t or future law: the Railway Company hereby agrees to pay all suchtaxes or aMsMHMHta.

This boed ta one o f a serte* o f roopoc bonds CM registered bond* »ithe said Railway OMMMMF. du ly approved i holders and d liretora , all o f which tsond*

1 authorised by it# t b ear fa ta r** t « t th e ra te of

five per ee«* per annum,, and are laaraed and to be lasued la pursuanee o f tba terms o f the mortgage or treat deed next hereafter recited, whereby th e to ta l issue of *r« s bonds is restricted to ibe s«n» o f f 10,- 500.0«*».

T h is bond and a lt o th ers of such issu e a te e q u a lly secured by the C onsolidated M ir tg a r e o r Deed of T ru st d a ted November Best, 1895, execu ted by th e sa id R a ilw ay Com pany to H i- M erean tlle T rust Com­p an y . o f New York, e s T rustee, upon a ll and s in g u la r th e r a ilw a y s , equ ip m en t, ap p u rten an ces , ieaeehokla, p ro perties, seeu rttlea . to lls . Income end firaerh lsce of sa id ib u lw a r O u n p sn y m en tions. ) l a sa id M ortgage o r Deed of T rust, to w hich referen ce la hereby m ade fo r ta# fa ll d escrip tion o f th e p ro p erty and fran ch ises m n rtg ig e d , and the n a tu re and ex te n t of the se c u r ity an d the r igh ts of th e holder* of sa id bonds un d er th e sam e.

T h is bond m ay b e reg istered a s to the p r in c ip a l th e reo f In the ow ner's nam e on th e hook* at th e R a ilw a y C om pany, a t Its ..(See or agen cy In th e C ity of S e w Y ork. Such re g is t ry m ust be no ted on the bond by the tran sfe r ag en t of th e R a ilw ay Com pany, a f te r which no tran sfe r sh all be v a lid u n less m ade on the said u um p en r'* tracks by the reg is te red ow ner and s im ila r ly noted on the bond, but th e sam e a n lie dim-barged from re g is try b y be in g tran sfe rred to b ea re r , a f te r which It m ay be tran sfe rred b y m ere d e liv e ry , end m ay a g a in , from tim e to tim e. In lik e m ann er an d w ith tike effect, be reg istered o r tran sfe rred to bearer a e before.

Sue b reg is tra tio n sh a ll so t affect the co ntinued n e g o t ia b ility of the coupon* b y d e liv e ry alone.

This bond |» ex ch an geab le t o r s reg is te red bond w lth o a t coupons In th e m an n er provided la sa id M ortgage or Deed of Trust.

T h is bond sh a ll not becom e o b lig a to ry for a n y purpoee u n til It sh a ll h ave been au th en tic ated b y the ce rt lf le a te of The M ercan tile T rust Com pan r . of Stow York, endorsed thereon.

In w it n e s s whereof, the C en tra l of Georgia Fallway C om pany has eansed tbs** present* to be signed by lie I'resident or Vice-i’ r -.l tf,'ill and Its corporate seal to be hereunto affixed and attested by Its Sec­re ta ry , and fh» coupons tor s «!•! In terest to be a tta c h ed hereunto bear- lag the engraved s ig n a tu re of it s Trwvoi re r this first day o f November, A. D. 18*5 .

f g * T « s t . o f O t o c a u K t u v i r Co m fa x t .By

......... —■ Vise- President.A t t e s t ;

S e c re ta ry .

FORM OF COUPON.The foil »wmg sh»It b* the form of mteregt c i a j o i . of

w h ich the firs : m t> be p iy able M ir 1, 1896 :#35.

Ob the Hist day o f Central of G eorgiaR al v «r C om pany w ill p a y the h e a re r a t Its a y n s r in the City o f Sew York tw e n ty F ive d o ll .r s In gold coin, free from a ll in to * , being s ix m onth*' in te re s t then due on Us Consolidated M ortgage Gold Bond No, ----- ------------1— Treasurer.

Now, Therefore, this Tiulenture Witnesseth, Tnat. in order to secure equally the payment o f the principal and interest of all such bonds at any time outstanding and lawfully is­sued h ervunder.

The Rniltray Company, party of the first part, in considera­tion o f the sum o f one dollar, has executed these presents with ail the covenants thereof an 1 has transferred unto the Trustee, party of the second part, its successors and assigns forever:

PROPERTY CONVEYED.A l l and SINGULAR the following railroads, estates. !esses,

leasehold ^interests, stocks, oond*. properties, rights, fran­chises and privileges of the said Central o f Georgia R tilw iy Company, no v owned or to be hereafter acquired, described as follows:1. The m ain l ic e and b ran ch : Miles.

Savan n ah , Ga. to A tlan ta , G k , and branch from Gordon, Ga .to MIUedgeTflle, G o............. ............................................................... . . . . 3 1 2

Subtrei. how ever, as to th e s a id m a la lin e and b ranch an d Its equ ipm ent and ap p u rten an ces , an d 19.950 sh are s of the O cean Stewtushlp Ob , to the superio r lien of th e .rfrtf mortgage 5 per cen t Irands of 1895 for #7,iK>0,000.

2. A ll and s in g u la r th e ra ilro ad * fo rm erly be lon gin g to the So ran-"ah a Written KB. Co. a* fo llow*:

M eldrln i. G a . to Lyon*, G a : A m erlcua. G a . v i a C olum bus, to B irm ingham - A la ; Griffin, G a., to C arro llton , G a.; Columbus.G a . to G reen v ille , G a : O p elika , A la , to R oanoke, A la ; Eofau-l a A la , to O zark, A la , sa id s ix lin es a g g re g a t in g . _____ . . .1 8 1

Also the Hirer Brant RR. l a S av an n ah .Also the g raded lin e of ra ilro ad p a r t ly co nstructed betw een S a v ­

ann ah and D ublin, tmneriy know n a s the Soru iinaA D ublin A W estern S h o r t Line BstUway.

Stock of the S av an n ah A Ogeechee C an a l Com pany and It* r igh t of w ay . berm e bank*, land* and o th er p ro p erty In C hatham C ounty, G eorgia. B ein g a l l the p ro perty described In the decree of foreclosure en tered a g a in s t th e S av au n ab A W estern R R Co. Aug. 2 « , IS95.

3. The r a ilw a y fo rm erly known a* Ike Montgunery A Bu/auia By:E u fa n la to M ontgom ery, A la ........................................................................... 30

1. The ra ilro ad fo rm erly know n ae th e M obile St G irard RR .:Coin in bus, G a to Soartgh t. Alt*, (la c lo d ln g about I t! acre* of land situ ates ! la the c ity of Colombo*, w ith a l l ex ten sio n * andrigh t* of ex ten sio n of sa id r*U ro»d i ..........................................................124

Subject, how ever, a* to sa id road and ap p urten an ces , e tc ., to the su perio r Hen of a rfivfsiVmaf ftrtt mortgage on sa id p ro perties , sec u rin e #1,000,000 of 5 per cen t bond*.

5. The ra ilro ad fo rm erly know n as the Mason A Xorthem BK:M acon, Ga. to A thens, O a........ ..................................................................... 106

Sob/eet, how ever, a s l-> th is Hue t « the su p er io r Hen of *810 ,000 first m o rtgage 4 per c en t d lrw to aa f Sonde.

0. The ra ilro ad fo rm erly know n a* th e Savanna A A Atlantia SB.; S av an n ah . G a.. to T y W I s l a n d .................................................................... IS

7. A ll right, t it le , itsuehald In te rest wed estate In the South WesternIt ft of (fa,-.Macon. I, A . to Colum bus, G a . w ith b ran ch es to A lb an y, B lak e ly ,Fort G a ln u . C olum bia and R ufau la (together w ith a ll ap p u r­tenance*. equ ipm ent and fran ch ises)...............................— ............. . .3 3 2

Snob lea-eh o ld in te re s t be ing ev idenced by a w r l i le n eo u trao t of lease to t 101 je s t * d ated Oct. 17, 1895, betw een the South W estern RR. Co. a s lesso r, and the p a r ty of the first p a r t A* lessee, w hich co n trac t of le a se sh a ll be d u ly tran sfe rred to the tru stee s i in b ring such leasehold e s ta te under the lien of th is conso lidated m o rtgage and firm ly co n stitu te It a p a r t of the sec u r ity for the bonds lasued hereunder.

8. A ll th e r igh t, f i l e , leasehold e s ta te and in te re s t In th e Aug utaA Saeati-toh UR , M ilieu , G a., to A ugu sta , H i ............... ................. 33

Together w ith a ll app urten an ce* , equ ip m en t, p ro p er ly and fran ­chise* thereun to belonging.

Such leasehold Interest be ing ev iden ced by a w r itte n co u tm ot of lease to r HI l y e a r* dates! October 17. 1895, betw een the A ugusta A S av an n ah RR. Co. a s lessor an d the p a r ty of the first p art here to as le ssee , w h leh co n trac t of le a se sh a ll be d u ly transferees! to the tru stee , so as to b rin g suoh leaseho ld e s ta te under the lien of t ills aonsu itdated m ortgage and firm ly oonstt- tn tc It a p a r t of the se c u r ity for the bond* Issued hereun der.

Together with all and singular ihe franchises, rights and privileg*# now or hereafter appurtenant to, or used in connec­tion with, the lines of railway above mentioned, or any thereof —including any and all roadbed, branches, extensions, rights of way, rails, tracks, side-tracks, bridges, viaducts, buildings, turn-tables, docks and fixtures, and all other tilings at any time appertaining to suoh lines o f railway, or any one of them; all lands occupied by or design*d for depots, warehouses, com ­press.* or other structures at any terminus, or on or along such line* o f railway; all loooinotives. oars and other rolliug stock, equipment, tools, implement*, supplies and other chat­tels now or hereafter acquired for use upon such lines of railway or branches, and all lease-holds or contracts, covenants and agreements now held or hereafter acquired; all property, real or personal, o f every kind and description, now or hereafter acquired for use upon or in connection with, or for the pur­pose of, such lines o f railway, or any such branch, leased or op­erated line; all corporate rights, privilege# and franchises which the railway company now has. or hereafter can orsliall acquire, appertaining to the construction, maintenance or operation o f such lines o f railway, and any and all the rents, issues, profits, tolls and other income of suoh lines of railway; also all the rights, privileges, franchises, properties, real or personal, rights and things, which the railway company may or shall hereafter possess, or become entitled to possess, tor

874 THE CHRONICLE, [VOL. L X I.

Me

nneolion with, such lines of railway or «d or operated line, t, title, ownership, equity of reclemp- party of the first pirt in and to the

?k* and bonds:I’m tern C aro lina tlrst m ortgage b o n d s ..

point H allw ay Com pany s to c k ..............K af^ula H allw ay stock ................................

kr Company of A labam a stock ..................

$1,460,000 145,100614,000

1.995,000 . 1,500,000

Subject to the Collateral Trust Mortgage executed May 2, i«S7 bv the Central Railroad & Banking Company of Georgia, whereby the said stocks and bonds were pledged as security for the pavment of an issue of $5,000,000 5 per cent bonds, ot which bonds $4,880,000 par value are now outstanding

^JSubfccf ci/»o as to the $1,095,000 capital stock of the Ocean Steamship Comp my to the first mortgage ot the Central ot Georgia Railway securing $7,003,000 of 5 per cent bonds

GO) Al. o, all the right, title, ownership, equity of redemp­tion and interest of the party of the first part in and to the following stocks and bonds:Port K o v a l »v A ugusta KB. genera l m ortgage bo nds...................South Western KB. Co. slock.................................................. no,twoThe latter being now held by the Georgia Railroad & B ink­ing Company ns security for the performance of the covenants of a lease of its road.

ill Abo, the following shares of stock and bonds herewith transferred and delivered to the trustee herein to be by it held as hereinafter provided.Atlanta A West Point Ry. Co. stock................................................$43,100Sylvanta BB. let mortgageli rods................................................... 'o.OOOTe.Kotton BR. let m ortgage bonds .................................................... 25,000Louisville & Wndley BR. 1st mortgage b o n d s ............................ 2 ',000Bouth Western KR. Co. etook................................................................ 24,200New England A Savannah steamship Co. stock........4,995 sharesUr-on County stock............. ....... . . . . . . ----------- ---------1,164 21-30 sharesWrlgbuviu.- A Tennille RK. preferred stock ............2,800 sharesWrlgburille A Tennille RR. common stook............. 10 shares

A so: all title, property and franchises in all other lines of railway, extensions and branches now owned, leased or held bv the*railway company, notwithstanding the same may not be particularly set forth or described in this indenture

Also, all title, property and franchises in all lines of rail­way and branches hereafter acquired, held, owned or leased, subject nevertheless to all conditions uoon which any such property shall be acquired, and to all provisions of this indent­ure concerning property hereafter acquired, and subject also to the obligations, if any, secured by any pledge or mortgage of such property subject to which it may be acquired by the party of the first part hereto.

ALL THE BONDS TO BE EQUALLY 8ECUEED.But in trust, nevertheless, for the equal and proportionate

security of all and every the present and future holders of any and every bond and interest obligation ; without preference, priority or distinction as to lien or otherwise of any one bond over any other bond by reason of priority in the issue or nego­tiation thereof,

ARTICLE ONE.BONDS FOR $16,500,000 TO BE ISSUED AT ONOE.

(1) Of the bonds authorized to be secured by this indenture, bonds to the amount of $16,500,000 shall be at once delivered to the railway company to enable it to acquire the title to the different railroads, leasehold interest, stocks, bonds and other properties hereinbefore more particularly described,BONDS FOR $2,000,000 RESERVED FOR EQUIPMENT AND BET­

TERMENTS, BUT ONLY *500.000 TO BE ISSUED IN ANY ONE YEAR.

(2 Tbe remaioderof the authorized issue hereunder, being $2,600,000, shall be reserved to be certified by the trustee, not immediately, but only from time to time hereafter as fol­lows: The trustee shall certify upon resolutions of the Board of directors of the railway company, stating that such bonds, or the proceeds thereof, are to bs set aside from all other assets of the railway company, and are to be used only for tbe purchase of equipment and for the purpose of better­ments upon lines of railway owned or leased and hereinbefore described and subject to the lien of this indenture, or to re­imburse the railway company for outUys made for the pur­poses aforesaid or some one or more of them.

Provided. that the trustee shall not certify or deliver any bonds under the foregoing authority to an amount exceed­ing $500,000 in any one fiscal year.

ARTICLE TWO.COMPANY COVENANTS TO PAY RENTALS AND INTEREST O '

PRIOR MORTGAGES, ETC. 'First. The railway company covenants that it will not suffe

any default in Ilia payment of any sum payable under th less- s of tbe South Western RR. Co. or the Augusta & Savar nah RR. Co.

In ca-e of any such default the trustee, from time to time upon the r. quest in writing of the holders of a major it u of th bonus outstanding here under, may itself pay any such sum si m default and thereupon shall have a lien for such advance upon the premises hereby mortgaged, which lien shall be en til., d to priority in rank upon the mortgaged premises ove any bonds or coupons hereby secured.

SECOND. That it will punctually pay all lawful claims which unpaid might take precedence over this indenture, and it especially covenants that it will punctually pay the interest and principal when and as the same from time to time accrues upon its $7,000,000 main line first mortgage, upon its $1,000,- OiiO first mortgage upon its Mobile & Girard Division, upon its $840,000 fi st mortgage up in the Macon & Northern Division, and of all the bonds outstanding under the So,000,000 collateral trust mortgage executed by the Central Railroad & Banking Company of Georgia, dated May 2, 1897.

BOND3 TO BE ISSUED AS HEREIN PROVIDED.Third That it will not dispose of any bonds hereunder in

any manner other than io a -.cordance with the provisions of this indenture, and will apply the proceeds thereof for th© purposes herein prescribed and to no other purpose.PRINCIPAL AND INTEREST TO BE PAID PUNCTUALLY, TA X

FREE.Fourth. That it will punctually pay to every holder of any

bond secured hereby the priocipal and interest accruing thereoo, -‘ without deduction from either principal or interest for any tax or taxes which it may be required to pay or re­tain therefrom under or by reason of any present or future, law, and it shall and will pay every such tax.”

W AIVER OF STAY, VALUATION AND REDEMPTION LAWS.F ifth. That it will not at any time take advantage of any

stay or extension law now or at any time hereafter in force, or of any law providing for the valuation or appraisement o f the mortgaged premises, or of any statute of the IToited States or « f any State to redeem the property when sold; and it agrees that it will not delay the execution of any power here­in granted and delegated to the trustee, but that it will suffer and permit the execution of every s ich power as though no such law or laws had been enacted.COVENANTS TO MAKE DEEDS OF FURTHER AS3URANCE, ETC.

Sixth . That all lines of railway and property of every kind, when hereafter acquired, as above provided, from the proceeds of bonds secured by this indenture, shall, without

1 any further conveyance or assignment, immediately become subject to the lien of this indenture as fully as though now owned by the railway c imoany, and specifically embraced in the granting clauses of this indenture; and that at all times hereafter it will execute all such further assurances as the trustee may reasonably require for the purpose of ex­pressly subj cling any such acquired roads or properties to the lien of this indenture.

Seventh.—That upo» the demand o f tbe trustee, from time to time hereafter, it will transfer unto the trustee all real and personal estate, corporate rights and franchises which it shall acquire as appurtenant to any railroad hereby mort­gaged. And it will also make all such further conveyances for the better assuring'unto the trustee the property hereby conveyed or covenanted to be conveyed to the trustee as its- counsel learned in the law shall resonably require for better carrying out the purposes of this indenture.COMPANY MAY ACQUIRE OTHER LINES OF RAILW AY FREE.

FROM LIEN OF THIS MORTGAGE.But nothing in this indenture is intended to limit the right

of the railway company, hereinbefore reserved, to construct or acquire, either free from, or subject to, encumbrance, other lines of railway or interests therein, and to assume or create liens or leaseholds therein on all railroads hereafter acquired and not described herein superior and prior to the- lien hereof.

COVENANTS TO PAY ALL TAXES AND ASSESSMENTS.Eighth . That it will, from time to time, pay all taxes,,

assessments and governmental charges lawfully imposed upon the lines of railroad and other premises hereby mort­gaged.REGISTRATION-BONDS MVY BE REGISTERED IN NEW YORK

WITH OR WITHOUT COUPONS.Ninth . That it will, at its agency in the City of New York,

keep registers of bonds issued hereunder, which registers at all reasonable times shall be open to the inspection of the trustee. Upon presentation for such purpose, it will register therein any coupon bonds, and also all bonds without coupons issued under the provisions hereof. The railway company, for the purpose of making a list of the registered holders, may close its books for the registration of such bonds, and for the changing of coupon bonds into registered bonds without coupons, for the period of ten days preceding the maturity of the several instalments of semi-annual interest. The regis­tered holder of any coupon bond may register the same as payable to bearer, in which case transferability by delivery shall he restored, and thereafter the principal thereof shall be payable to any person presenting the same. Successive regis­trations as aforesaid may be made from time to time as desired; but such registration shall not restrain the negotia­bility o f any coupon thereto belonging, but every such coupon shall continue to pass by delivery merely.

Any coupon bond or bonds amounting to $ l,0U0 or to any multiple of $1,000, together with all unmatured coupons there­to belonging, may be exchanged for registered bonds without coupons. In every such case the trustees shall forthwith can­cel the bond and coupons surrendered, and deliver the same- to the railway company. The interest on such registered bonds without coupons shall be paid only to the several regis-

; tered holders of such bonds, or upon their written orders. Fob

NOVEMBER 16, 1895. J THE CHRONICLE. 875any transfer of registered bonds without coupons the railway company, at its option, may make a charge not exceeding one dollar for each new registered bond issued in exchange for any surrendered bond or bonds.

BONDS DESTROYED OR MUTILATED M AY BE REPLACED.In case any bond issued hereunder shall become mutilated

or shall be destroyed, upon the surrender of any such muti­lated bond to the trustee, or upon the filing with the trus­tee of satisfactory evidence of such destruction, the railway company, in its discretion, may issue and the trustee may certify upon proper indemnification a new bond bearing the same serial number in lieu of the bond so mutilated or de- etroyed.

ARTICLE THREE.DEFAULT FOR SIX M ONTH 3-THE TRUSTEE MAY TAKE

POSSESSION.First. In case o f default for six months in the payment of

any interest on any bond at any time secured by this inden­ture, or by any prior mortgage recited herein; or in case o f default in the punctual payment of the principal o f any bot)d secured hereby or by any prior mortgage recited herein; or in case of default for six months in the payment of any tax, assessment or other governmental charge lawfully imposed upon any part of such property after written notice i hereof from the trustee or front any h o ld -ro f bonds hereby secured; or in case of default tor six months in the due performance ot any other covenant hen-in contained, after written notice thereof from the trustee or from any holder o f bonds hereby secured; then the trustee may enter into all and singular the railway and franchises hereby conveyed and may conduct the business thereof, either personally or by its receivers, agents or attorneys. Upon such entiy the trustee may main­tain and insure the rolling stock, tools atd machinery and

-other property, buildings, nri-iges and structures in the same manner and to the same extent as is usual with railway com ­panies, and may make all necessary ■ r proper repairs, better­ments and improvements thereto and thereon, as well in respect of the rolling slock or equipment as in respect of the railways and appurtenances, and other subject matter as to it may seem judicious. And it may collect all profits of the same and also the Income from stocks and bonds pledged hereunder, and after deducting the expenses o f operating said railways, and o f ail repairs, betterments and improve­ments and other proper charges upon the said premises, it shall apply the money* arising as aforesaid as follows:0 ) In <’*** th s p rin c ip a l m oney* ot the bond* tierwbf secu red Khali not

h ave become due, to Use p aym en t of th e In terest rem a in in g la de­fa u lt in tbe o Art o f tb s m a tu r ity of the tn *fa lm ei^a p f *tu*h in te r- e a t , r a ta b ly to lb * p e n o n * o r p a r t ie s en title d urereto w ithout dD crlnslnatlnn or preference;

•{2) In c a » r the p rin c ip a l m oney* o f th e sa id bom '* sh a ll h a re become due, first, to lb « p a ro ie n t o f the accrued In terest In th * o rder of (be m a tu r ity of he in sta lto en ta of such accru ed interest and next So the p aym en t of ib a principal ot the bond*: In ev e ry Instance r a ta b ly to the persons or p a r t lr s en ttllc d to each paym ent w ithout an y d iscr im in atio n or p reference betw een ho lders.

During such default the trustee ahull, subject to all the prior rights, superior lien*, hereinbefore specified, vote on all shares o f stock pledged, and col Let all interest moneys and dividends maturing or payable upo t said pledged bond* and stocks.

All certificate* of stock deposited with the trustee subject to this indenture shall stand tn the name o f and be indorsed in blank by the railway company, and the trustee shall cans t all them to be stamped with the word*. "H eld in trust by The Mercantile Trust Company under the provisions o f a mortgage made by the Central of Georgia Railway Com­pany to The Mercantile Trust Company, dated November 1st, 1895 ” The trustee may at any time cause to be transferrei to it* own name all or any stock represented by any certifi­cate* deposited h<r*under or which may hereafter become subject to this Indenture.D EFAU LT FOR SIX MONTHS— fIOLDF.HR i p 2* PER CENT OF

BONDS MAY DECLARE PRIN CIPAL DUE.Second, In case o f default for six month* io the pavment

of any interest on any bond hereby secured, then at the op­tion of the holder* of 25 per cent in tun uni of all bonds hereby second then outstanding, and upon written notice to the railway company and to the trustee, the principal of ail bond* h* rel.y st < tired, then outstanding, shall immediately become and be d m and parable. Provide l, however, that if at any lime after the principal o f the »aid bonds shall have been so declared due and payable all arrears of interest upon all such bond* shall eitbrr be paid by the railway company or b • c dlectel out of t ie m or'gaged premi*e.*, tnen and in every »oeb ca* < the holder* o f a majority in amount o f the bonds hereby -t cured then outstanding by like written notice to the railway company and to the trustee, may waive sue h default and ita consequences.

DEFAULT FOR SIX M ONTHS-PROPERTY MAY BE SOLD.T hird. In case of default for six months, in the pay­

ment of any interest on any bond a* cured by this in- dentiire, or by any o f ths poor m >rtgiges recited herein; or in th*> punctual piym ‘>nt of the princioal of any bond secured hereby or by any such recited prior mortgage; or in the payment of any tax, assessment or other governmental charge law­fully imposed or levied upon any part of such railways, prop­erty and premises, or the income and profits thereof, after written notice; or in the due observance of any other cove * naot herein eovra-ned, after written notic ’ , then —

( a ) the trustee m ir sell to the highest and be3; bid ier, in one lot and as an entirety, all apd singular tae mortgaged premises, railroads, leaseholds, bonds and stocks, rights, franchises and interests, lands and appurtenances, at public auction in the City of Savannah, or at such other place on the railroads hereby mortgaged, at such time and upon such terms, as may bs specified in the notice of sale.

(l>) the trustee, in its discretion, may, and upon the writ­ten request of the holders o f 25 per cent in amount of the bonds hereby secured then outstanding and upon proper in­demnity shall, proceed to enforce the rights o f holders under this indenture by a suit In equity or at law, whether for the specific performance of any covenant or agreement contained herein, or for the foreclosure of this indenture, or for the en­forcement of any other appropriate legal or equitable remedy as the trustee being advised by counsel learned in the law shall deem most effictual to protect its rights hereunder.

Notice of any sale shall be published once a week for six successive weeks in one newspaper published in each o f the cities of Savannah and Atlanta. Georgia, and Birmingham and Montgomery, Alabama, and New York, N. A". In case of any sale or sales by virtue o f any provision of this indenture, the whole of the principal sum hereby secured, if not previ­ously declared due, shall at once become due and payable.

Fourth. A n y sa le com pleted by v irtu e of th is inden tu re sh a ll be a perpetual bar both a t law and in eq u ity ag a in s t the ra i lw a y com pany, its successors and assigns.

F ifth . The trustee may, from time to time, adjourn any sale to be made by it under the provisions of this indenture.

S ixth . The receip t of the trustees sh a ll be a sufficient d is­charge to the p urchasers of the property for the purchase m oney, and no such purchasers sh a 'l be bound to see to the app lication o f such purchase m oney.

PROCEEDS OF SALE—HOW TO BE APPLIED.S eventh. The proceeds of a n y .-ale un der an y provision of

th is inden tu re fehall be applied as fo llow s:F irst. To tlia payment ot the cost* ot sack sale, loelndiog a reason­

able compensation to the trustee, ot all expenses in managing an 1 maintaining the property, anil o f all taxes. assessment* or liens prior to the Hen ot these present*, except anv taxes, aes -ssinents or other superior liens subject to which suoh sale* shall have beeo tna<le.

S ecoiK t. To the payment of the whole amount then owing or unpaid upon the bond* hereby secured for principal and Interest, together with Intctcst on over-1 nr1 Instalment* at Interest, and in case such proceeds shall be lusullk-lent to pay In full the whole amount so due and unpaid main the said bon Is, then to the payment o f such princi­pal and Interest, without preference or priority o f principal over interest, or o f Interest ovor principal, or o f anv Instalment o f Interest over any other Instalment o f Interest, ratably, pi the aggregate o f such principal and the accrued and unpaid interest.

J h in t . To the payment o f the snrplus, If any, to the railway com ­pany, It* »nccc**ors or assigns, or to whomsoever may be lawfully eu- tl tied to receive the u n it .

RIGHT TO DEMAND FORECLOSURE. ETC.. RESERVED TO A T L E A Sr JJ PER CENT IN INTEREST OF BONUS—

OTHER PROVISIONSEighth . No holder of a n y bond or coupon hepeby secured

shall have an y r ig h t to in stitu te an y su it for the foreclosure of th is inden tu re , or for the appo intm ent of a receiver, or for an y o ther rem edy hereunder, w ithout first g iv in g to the trustee w ritten notice of the fac t th a t d e fau lt has occurred and continued as hereinbefore provided, nor un less also tho holders of 25 per cen t in am m ot of the bonds then o u tstand ­ing sh a ll have m ade w ritten request of the trustee and sh a ll have afforded to it reasonable opportun ity to a c t , nor unless they shall h ave offered to the tru stee adequate in dem n ity ag a in st the expenses to be incurred there in ; it being un ­derstood th a t no holders of bonds or coupons sh a ll have an y righ t in an y m anner w h atever to d isturb the lien of th is in ­denture by the ir action , or to enforce an y r ig h t hereunder, except in the m an n er herein pr iv ided. but th a t a ll proceed­ings a t law or in equ itv sh a ll be in stitu ted , had and m ain ­tained for the equal benefit of a ll holders of such o u tstand in g bonds and coupons.

Except as herein exp ressly provided to the co n tra ry , no rem edy herein conferred is in tended to be exc lu sive of an y other rem edy, but sh a ll be cu m u la tiv e and sh a ll be ia add ition to every o ther r- m edy ex is t in g a t law or in eq u ity or by sta tu te .

Ninth , The personal property and ch atte ls hereby con­veyed. or -ended so to be, sh a ll be rea l estate for ad the pur­poses of th is inden ture .MAJORITY OF BONDS MAY DIRECT FORECLOSURE PROCEED

ING8.Tenth. Upon proper in d em n ity to the trustee , the holders

of a majority in am ount of the ou tstand in g bonds hereby se­cured sh a ll have the r ig h t to d irect a ll p roceedings for an y sa le of the prem ises hereby conveyed or for the foreclosure of th is inden ture , or for the appo intm ent of a rece iver, or an y other proceedings hereunder, and to in struc t the trustee to in stitu te , continue or d iscontinue an y proceedings hereunder.

BONDS AND COUPONS MAY BE USED IN PAYMENT OF PURCHASE MONEY.

Eleventh . In case of any sale hereunder, puicbasers in making settlement shall be entitled to turn in any bonds and any matured and unpaid coupons hereby secured, estimating the value of such bonds and coupons for that purpose at the sum pat able out of the net proceeds of such sale to the hold­ers of such bonds and coupons as their ratable share of such net procieds. after allowing for the proportion of the total payment required to be made in cash lo r the cost and ex- oensi s of the sale or otherwise. At such sale any or ail of the bondholders may bid for and purchase such property, and upon compliance with the terms of sale may hold and retain,

THE CHRONICLE. fV0L. L X I.

, , , ..... ((l ,,r, |l(.rty without further accountability

' ' u f iH .S t> aO L m 'U S TO b e a i i t h e n t i c a t e d —o t h e rA *' ■ ‘ i’BO VISIONS.

T nvi'O T B A ll hcw o f a n v h o ld e rs o f b on d s h e r e b y se cu re d ,1 ttsiiviru; o r a f fe c t in g a n y r ig h ts o r r e m e d y o f th e

- -h a is be a u th e n t ica t i ’d " b y a n in s tr u m e n t o r in ­stru m en t* :n w r it in g s ig n e d b,v th e p erson s a sse n t in g tin r e to .' T m itu -K S T ii- r j - i n c o m ..... .. o f a n y ju d ic ia l p ro -

r .-v d in c - to cofttrC '- a n y r ig h t u n d e r th is in d e n tu re , the t ru s - i t ,- . ' >T,.01 i»> ,-n iilh -d ’ to e x e r c ise t lw r ig h t o f e n try h e re in o,.«lVrr.-< i. tit!el in m a tte r o f r ig h t th e tru stee sh a ll he e n - tiilt ii to th e a p p o in tm e n t o f a r. c e iv e r o r r e ce iv e r s o f th e n r r m iw s heretiy m o r tg a g e d , w ith su ch p o w e rs as th e C o u r t

c o n fe r .F o u u t e k s t h N o delay o f th e tru ste e o r o f a n y h o ld e r o f

i„ is to ex , r.-ihc an y r ig h t a r is in g fr o m a n y d e fa u lt sh a ll im p a ir a n y su eb r ig h t .C*.»M CAN V 51A V SU RRRNDEK POSSESSION P R IO R TO DEFAU LT.

['IKTKKMU. T h e ra ilw a y c o m p a n y a t a r y t im e h e re ­after hetnrc fu ll p a y m e n t o f th e b o n d s s e c u r e d h e r e b y , a n d wts. never It shall d e e m it e x p e d ie n t fo r th e b e tte r s e c u r ity o f vir h b on d s , a lth o u g h th ere m ay th en be n o d e fa u lt e n t it lin g tl:e tru stee to e n ter in to p o ssess ion , m a y s u rre n d e r a n d d e ­liver to the u lis ten fu l l possession o f th e w h o le o r a n y p a r t o f the p ro p e r ty h e re b y c o n v e y e d f o r a n y p e r io d , f ix e d o r in d e fin ite .

AND FvKOEfVE DIVIDENDS ONT STOCKS, ETC., OW NED.S i x t e e n t h . U n til d e fa u lt th e r a i lw a y c o m p a n y sh a ll be

en titled to r e ce iv e a ll in terest p a y a b le a n d d iv id e n d s d e c la re d in ii-.-pect o f a n y b o n d s o r s to ck s t ra n s fe r re d to th e tru stee as co lla te ra l s e c u r ity fo r th e p a y m e n t o f th e b o n d s issu ed h ereu n d er.

PROPERTY TO BE SOLD AS AN EN TIRETY.Si v i Ndi k n t k . In th e e v e n t o f a n y sa le , p u r s u a n t to a n y

p ro v is io n h e re o f, th e w h o le o f th e p r o p e r ty sh a ll be so ld in o n e p a rce l a n d ae an e n t ir e ty , in c lu d in g a ll th e r ig h ts , t it le s , esta tes , ra ilroa d s , e q u ip m e n t , fra n ch is e s , leases , lea seh o ld inter* sis . co n tra c ts , s to ck s , b o n d s a n d o th e r r e a l a n d p e rs o n a l

'p ro p e rty o f e v e ry n a m e a n d n a tu re ; a n d th is p ro v is io n sh a ll b ind the p a r lie s h e re to a n d e a ch a n d e v e r y o f th e h o ld e r s o f the b on d s a n d c o u p o n s h e re b y se cu re d o r in te n d e d so to b e .

R IG H T TO TO TE ON STOCKS PLEDG ED .E ig h t e e n t h . U n t i l d e fa u lt the r a i lw a y c o m p a n y sh a ll

h a ve th e r ig h t to v o te u p o n a ll sh a re s o f s t o c k p le d g e d h e r e ­u n d e r an d re ce iv e a ll d iv id e n d s th e re o n , f o r a ll p u rp o s e s n o t in con s isten t w ith th e p u rp o s e s o f th is in d e n tu re ,

COMPANIES WHOSE SECURITIES ARE PLEDG ED M A Y BE CONSOLIDATED.

N in e t e e n t h . N o a s s ig n m e n t o f a n y s h a re s o f s t o c k d e p o s ­ited iu rou n d er sh a ll p re v e n t th e c o n s o lid a t io n o r m e rg e r o f a n y o n e o r m o re o f sa id c o m p a n ie s w ith , o r its sa le to , th e ra ilw a y co m p a n y o r o th e r p a r ty , u p o n s u ch term s as sh a ll be a p p ro v e d b y th e t ru ste e , o r b y th e h o ld e rs o f a m a jo r it y in in terest o f th e b o n d s se cu re d b y th is in d e n tu re . In th e e v e n t o f the co n s o lid a t io n o r m e rg e r , th is In d e n tu re im m e ­d ia te ly sh nll b e co m e a lien u p o n th e p ro p e r ty o f tb e c o m p a n y so co n so lid a te d , a n d the h o ld e rs o f th e b o n d s h e r e b y se cu re d sh a ll a lw a y s h a v e as fu ll a lien u p o n s u ch p r o p e r ty as th a t h ere in c re a te d b y the p le d g e o f th e s t o c k a n d b o n d s o f su ch co n stitu e n t co m p a n ie s to th e tru ste e h e re u n d e r .

N e ith er sh all the a ss ig n m e n t h e r e u n d e r o f a n y ca p ita l s t o ck p re v e n t the c o n s o lid a t io n o r m e rg e r o f a n y s u ch c o m p a n ie s w ith ea ch o th e r u p on su ch te rm s as sh a ll b e a p p ro v e d b y the tru stee o r by tb e h o ld e rs o f a m a jo r i t y in a m o u n t o f th e b en d s se cu re d b y th is in d e n tu re . A n d tb e p o r t io n o f the ca p ita l s t o c k o f a n y su ch c o n s o lid a t in g o r m e rg in g c o m p a n y issu ed in lieu nl an y s to ck p re v io u s ly p ledg i d h e re u n d e r sh a ll be d e - p o s it id w ith the tru stee a n d sh a ll a lw a y s bea r t o th e to ta l ca p ita l sti ck a p ro p o r tio n a te r e la t io n a t least as h ig h as th a t f'O fm ' by su ch p re v io u s ly p le d g t d s t o c k to th e to ta l ca p ita l s to ck o f su ch co n s t itu e n t co m p a n ie s .

n e w c o r p o r a t io n (w h ic h sh a ll b e o r g a n iz e d u p o n s u c h t e r m s as sh a ll b e so d ir e c t e d b y s u ch r e g is te r e d h o ld e r s o t four- fifths in a m o u n t o f sa id b o n d s ), in c o n s id e r a t io n o f t h e issu e o f its s t o c k , b o n d s o r d e b e n tu r e s , a n d sh a ll d is t r ib u te s a id s t o c k , b o n d s o r d e b e n tu r e s , a c c o r d in g to a n y p la n o f r e o r g ­a n iz a t io n a g r e e d t o b y s u ch r e g is te r e d h o ld e r s o f fo u r - f i f t h s in a m o u n t o f th e b o n d s th en o u ts ta n d in g , o r s h a ll m a k e d is ­p o s it io n o f th e p r o p e r ty p u r ch a s e d , in s u c h m a n n e r a s d ir e c t e d b y s u ch r e g is te r e d h o ld e r s .

Provided, h o w e v e r , th a t in ca se o f a n y s u c h p u r c h a s e a ll h o ld e r s o f b o n d s a n d c o u p o n s s h a ll s h a r e r a ta b ly m s u ch p u r c h a s e a c c o r d in g to th e a m o u n ts s e v e r a l ly d u e t h e m re s ­p e c t iv e ly .

I t is u n d e r s t o o d , h o w e v e r , th a t it is n o t o b l ig a t o r y u p o n t b e r e g is te r e d h o ld e r s o f four-fifths in a m o u n t o f s a id b o n d s to d ir e c t th e tru s te e as a fo r e s a id , o r to p u r c h a s e sa id p r o p e r ty o n b e h a lf o f th e h o ld e r s o f a l l th e o u t s t a n d in g b o n d s , i t b e in g a g re e d th a t a n v p u r c h a s e m a y b e m a d e b y o r in b e h a l f of b o n d h o ld e r s f o r th e ir s o le b e n e fit f r e e f r o m t h e c la im s of o t h e r b o n d h o ld e r s a n d sh a ll be d e e m e d so t o h a v e b e e n m a d e , u n le ss e x p r e s s ly m a d e b y th e tru s te e u p o n s u c h a n e x p r e s s d ir e c t io n .R E O R G A N IZA T IO N

O F T H E BONDSW ITH O U T FO R E C L O SU R E —F O U R -F IFT H S

M A Y A U T H O R IZE T H E CR E A TIO N OF P R IO R LIE N S.

T w e n t y - s e c o n d . In case o f anv default as aforesaid, if in order to preserve the franchises of the railway company and to avoid foreclosure sale, any plan of reorganization shall bo proposed with provisions for tbe modification of this mort­gage so far as to authorize the creation of new liens superior to the lien hereof; then and in every such case registered holders of four-fifths in amount of all outstanding bonds hereby secured "by writing may direct the trustee in behalf of all tbe holders of all bonds issued hereunder to acquiesce in such provisions of such plan, But no bond hereby se­cured shall be changed as to amount of principal or rate or dates of payment of interest.

ARTICLE FOUR.P R O P E R T Y NO LO N G ER 'N E E D E D M A Y BE R E L E A S E D FROM

LIEN H E R E O FPrior to default as aforesaid tbe trustees may, upon request

of the railway company, release from tbe lien of this inden­ture any premises acquired for stafions or for other uses not conn* cted with the maintenance or operation of the lines of railway, or any premises which may have been acquired for the supply of gravel, fuel and other materials; provided that such premises shall no longer be requisite for the purposes for which the same shall have been so acquired. And likewise it may release any parts of the line of track, or of the depot grounds, or accommodations connected therewith, which may have been thrown out of use by reason of the straightening of the lines of railway. But the power of release is to be ex­ercised only in case the railway company shall sell the prop­erty so to be released. The proceeds of sale shall be invested in the purchase of other property, real or personal, which shall bs conveyed in trust by the railway company to the trustee, subject to all the trusts hereby declared, or in the purchase of bonds hereby secured (which bonds shall forth­with be canceled and delivered to the trustee); or in better­ments or improvements, or in some other way, to the benefit of the mortgaged premises and satisfaction of the trustee.

ARTICLE FIVE.T R A C K A G E CONTRACTS M A Y B E M O D IF IE D W IT H CONSENT

OF TRU STEE.In case it shall become necessary for the railway company

to make changes in, or substitutions of, any trackage con­tracts, the railway company, with the written consent of the trustee, may make any such changes or substitutions, and may make all such instruments in writing as may be proper and necessary to carry out the same. Such modified or sub­stituted trackage contracts shall forthwith become subject to* tbe terms of this indenture.

FORECLOSURE SALE HEREU N DER TO BE SUBJECT TO PR IO R MORTGAGES.

T w e n t i e t h . A n y sa fe p u rsu a n t t o a n y p ro v is io n h e r e o f o r o th e rw ise sh a ll be m a d e s u b je c t to th e p r io r m o rtg a g e s h e re ­in b e fo re m e n t io n e d .HOLDERS OF FOUR-FIFTHS TH E

TRUSTEE TO PURCHASEBONDS MAY DIRECT THE T H E PRO PERTY.

T w e n t y -f i r s t . R e g is te re d h o ld e rs o f f o u r - f i f t h s in a m o u n t o f nil th e o u ts ta n d in g b o n d s in th e ir d is cr e t io n m a y u*r*‘c t the ttu stee , a t a n y sa le h e re u n d e r , to p u rch a se tnr m o rtg a g e d p rem ises f o r the ben efit o f a ll th e bon d s h e r e b y s e c u r e d . In se ttlin g f o r the p u rch a se p r ic e o f th e p ro p e r ty so p u rch a s e d , the tru stee sh all h a v e p o w e r t o r e ce ip t f o r the e n ­tire a m o u n t o f th e p ro ce e d s a p p lica b le t o th e p a y m e n t o f a ll snob o u ts ta n d in g b o n d s a n d the in terest th e re o n , a n d n o b o n d - h o ld e r shall h a v e a n y c la im to a n y p o r t io n o f th e p ro ce e d s o f , pr* pi n v so ld , o r an y in te re s t in su ch p u rch a s e , o th e r th a n to r hm p ro p o r tio n a te sh a re o f th e p ro ce e d s o f su ch p u rch a sed p rem ises ns rep resen ted in a n e w c o rp o r a t io n t o be fo r m e d u n d er the d ire c t io n o f th e tru stee , fo r th e b e n e fit o f a ll h o ld - «rs o f b on d * h ereb y secu re d .

FORMATION O F NEW COMPANY, h u p limit to su ch d ire c t io n in w r it in g o f s u ch r e g is te r e d inters o f f o u r f i f t h s in a m o u n t o f th e b o n d s th e n o u ts ta n d -

• ih " trut tee sh a ll tra n sfer th e p ro p e r ty so p u rch a se d to a

AR TICLE SIX.L IA B IL IT Y OF TRU STEE.

The trustee shall not be answerable for the default or mis­conduct of any agent or attorney appointed by it if selected with reasonable care ; or for anything whatever, in connec­tion with this trust, except misconduct or gross negligence.TR U STE E M AY BE R E M O VE D B Y H O L D E R S O F T H R E E

FOU RTH S OF T H E B O N D S -N E W TR U ST E E M A Y BE A P ­POINTED B Y A M A JO R IT Y IN TEREST.

The trustee may be removed at any time by an instrument in writing under the hands and seals of three-quarters in amount of the holders of the outstanding bonds. In case a Trustee shall die, or shall resign or be removed as herein pro­vided, a majority in amount of holders of the bonds then outstanding hereunder shall have the right by instrument in writing to appoint a new trustee to fill such vacancy. Until an appointment be so made, the board of directors of the railway company may appoint a new trustee to fill (uch vacancy for the time being. Should any vacancy be filled by the railway company under the foregoing pro­vision it shall be competent for any Judge of the United States for the Fifth Circuit, or for any State Court of compe­tent jurisdiction, upon the application of a majority in amount of tbe bondholders, to annul such appointment, and to appoint as trustee the nominee of such majority.

November 16, 1895.] THE CHRONICLE. 871

!The C o m m c r fia l 3£uwes.C O M M E R C I A L E P I T O M E .

Friday Night, November 1 5 ,1S95.General trade conditions are somewhat slow. Jobbers re­

port a fair distribution o f seasonable goods, but the attention given bulk parcels of stock at first hand is disappointing, and in some instances holders exhibit a desire to realize in order to settle accounts before close of year. The unsettled rates of exchange have served as an influence to curtail operations in staple articles of export and import. Speculation in leading lines of merchandise was moderate, with general tendency toward liquidation. A few sections report slight disappoint­ment in yield of corn. The movement of wheat is delayed by scarcity of cars. A fall of rain over a wide expanse of wheat-sown area has created a more cheerful feeling in re­gard to crop prospects. It isofflcially announced that at noon on December 5 the State canal* will be closed for the season.

The demand for lard on the spot has been moderately ac­tive, but prices have weakened slightly under free offerings prompted by large receipt* of swine at primary point.-, closing at 5'Sic. for prime Western, 5 60c. for prime City and 6 25c for refined for the Continent. Che local market for lard futures has been neglected, and nominal prices have been lowered slightly in response to weaker advic s from the West, closing dull.

daxlt onosrxo r kicks of uakd rcruaio.Sat Man T u ti. Wed. 1 h u r t n r,,

■overaber..........................0. 5-82 5-90 5-90 6 00 5-00 5-»0For pork there has been only a very limited inquiry, but

prices were quoted unchanged and steady, closing at $9 T5@ 610 for mess, $11 for family and $10 59 $$13 59 for sh irt clear. Cut meats have been quiet, bat fairly steady, clos­ing at 5^'@6c. for pickled nellies, 13@'0 lbs. average, 5*4@ 6c. for pickled shoulders aud S l^ a^ i'c . for pickle,! hams. Beef has been quiet bat steady! clo-ung at $7 50@ $8 for extra mesa, $9<3$l0 for packet, $10 50®$t2 50 for fam­ily and $17ig$19 for extra India mess. Beef name have been steady at $14 50®$15 Tallow has been’ quiet and unchanged, cloning at 4t*c. Oleo-stearine has been quiet and easy, clos­ing at 5t£e. Lard stearine has been dull, closing at »U4'„t6 l ]c. Cotton seed oil has further advanced, closing firm at 33 /26C. for prime erode and 29<3d0c. for prime yellow. Butter has been moderately active for choice stock and steady, closing at Met23c. for creamery. Cheese has been quiet but steady, closing at 7k|®l tc. for State factory, full cream. Fresh eggs were in fair demand and firm, closing at 33® 211.4c. for choice Western.

Coffee found moderate and irregul ir demand with generally eaiser tone prevailing. Rio quote*) at '5 l£c for No. 7, good Cucnta at 18'aOlH^c. and standard quality Java 2fit{i'§37c. Contracts for future delivery have been handled freely, but- in general the tendency was to liquidate holdings. The close is dull but steady.

The following were the final asking prices:Hot.....................USSo. 1 F e b .... . ............U-IOc. Ma t .................. l3-55oDae........ ............. 14 50c . Mareii.......... „ l4 O0e. 1 Jane. ____ .. 13-3*ioJ a n . . ...................14-3.V. 1 A pril.............. . D m 1 J o i r .....................13*05c*

Biw sugars have been offered with greater freedom at form­er rates but «er>- readily taken, and toward the close hold­ers were |es» di-po*ed to sell. Centrifugal quoted at 3?jC for 96-iieg. test and Muscovado at 3c, for 89-deg. test Refined sugars sold slowly, closing w>-ak: granulated quoted at 1 f 'c. Molasses dull, with 86c, extreme for domestic.

For Kentucky tobacco there nas been a fa ir ly goo*! dem and from C ontirum nl Europe and sale* w erem adeo f ab ou t200 hhda. at fu ll value*. Tlie dem and from tne home trad - wasslo-v. Seed lea f tobacco has been in better dem and and stea ty. Sales for the w eek were 2,030 case*. including 401 cs«"» 1834 crop. New Eng Havana seed, 10m?19c ; 150 ew es 1*93 crop. New Eng. Havana *eed. tigSIc,; 50 cases 1892 crop. New Eng. Havana seed, 16- -35c.; 800 cases 1894 crop, Pennsylvania seed leaf, 1 lfie l3c .; 100 cases 1863 crop. Pennsylvania seed leaf. 9 <4 10c.; 100 cases 1894 crop. Penn. Havana seed, 10® 13c.; 100 cams 1893 crop, Penn. Havana seed l l j ^ e ; 150 cases 1894 crop, Wisconsin H avana, 4 ii;6c.; 120 cases 1893 crop,Wisconsin Havana. 4{®7c.: 100 cases 1*93 crop, Z im m ers, l lK c . ; 200 cases 1894 crop, Zimmers, l l@ l2 c .; 100 cases 1*94 crop. State Havana, 9® 13c.. and 150 cases sundries, 3® l6c,; also 2.000 bales Havana, 68c.@$l 05, and 220 bales Sumatra. 45c.®$3. in bond.

There has been very little interest shown in the market for Straits tin and price* have made no changes o f importance, cloning at 14'55c. Ingot copper has been quiet but fairly »W»dy. closing at 1140 $ 11'45c. for Lake, Lead ha* been weaker, hut the close was steady at 3'15@3l7t£c. for domestic. Spelter has also declined, and the close « « * easy at 8'6>5®3*70c. for domestic. Pig iron has been moderately active and steady, closing at $12014 50 for domestic.

Refined petroleum has advanced sharply, closing at 8'5'tc. in bid* , 6c. in bulk and 9c. in cases; crude in bbls has W n nominal; naphtha unchanged at 8 35c. 1,'rudecertificates have also advanced, closing at $1 62 bid. Spirits turpentine has been dull anti unchanged, elating at Rmimhave b- en firm hut quiet, closing at $1 70$ 1 75 for common and good strained. Wool has been quiet but steady. Hops have been less active but steadily held.

C O T T O N .F rid a y Night , November 15, 1895.

The Movement of the C rop, a s in d ic a ted b y our te leg ram s from th e Sou th to -n igh t, is g iven below . For the w eek end in g th is even ing the to ta l rece ip ts have reach ed 229,749 bales, a g a in s t 197,931 b ales la s t w eek an d 251,087 b ales the previous w eek, m ak in g th e to ta l rece ip ts since th e 1st of S ep t., 1895, 2,048,588 b ales, a g a in s t 3,031,854 bale3 for th e sam e period of 1894, sh o w in g a decrease s in ce Sep t. 1, 1895, of 983,260 bales.

H ecevp ts a t— Sat. M on . T itc f. W ed. T liu rs. f r i . T ota l.Galveston......... 5.S33 9,439 5,315 6,108 6,662 4,789 37,796Texas City, Ac. . . . . . .........! 4,392 4,392New Orleans.. 7,035 12,439 18,473 12,739 9,292 12,370 72.34Stf.»Dile............. 1,179 1,460 949 1,555 452 1,052 6,647Florida..............S*vannah....... . 4,5*7 3,457 6.520 3,896 4,1 OS

4,0374,845

4,03727,373

Braasw’k.Ao. ......... 8,849 8,849O iurleston____ 1,824 4,378 1,374 2,083 947 2,494 13.100

>*t. Royal, * o . , ...» ..... 14.509 14,509tV'Imlnicxon___ 1,371 1,532 1,490 1,218 919 1,223 7,753

Wasta’ ton, A c. S >rfolk..............

.........2,274

____2.263 2,816 1,431 1,251

251,452

2511,437

West P oint... 1,74.1 2,525 2,345 1,202 1,196 1,865 11,174I ’port N.,&o. . . . . . . . . . . . . . . . . . . 1,157 1,157

Maw Y ork ........ 600 ...... . . . . . . 106 208 974IS laton .............. 912 554 442 1,801 103 1,234 5,346fi d ttm ore........ 1,547 1,547Pilladelph'a&o 2-14 370 119 67 31 40-4 1,235Tot'ls this week 26,960 39.017 39,843 32.100 25.667 66,512 229,749

The foil -wing shows the week's total receipts, the total since Sept. 1,1895, and the stock to night, compared with 1-st year.

i e e e t p l l toX ot. 15.

1895. 1994. S to ck .T h u Week, i

S in c e S ep j l , 1895. i

TM*Week.

S in c e S ep . 1, 1891. 1895 1894

G a lv e s to n ... 37,796 411,224 86,427 715,793 120,763 226,258Tex.C ity, Ao 4.392 27,679 4,209 22,0-13 7,300New Orleans 72,343 644.156 132,803 960,039 345,417 347,648Mobile. ___ 6,647 75,630 10.070 89,071 30,919 22,275Florida . . . . 4,037 11,224 731 11,994Sivam iah .. 27.373 352.897 40.405 483,070 97,960 150,728

Br'wlok.Ao 8,849 46.817 3,964 51,925 3,347 10,392O ia r le e to n .. 13,100 141,058 92.107 199.428 56,747 73.484P. R o yal, Ac. 14.509 23A70 39,306

\Y Imlnvton., 88,300 8,906 137,448 21,204 28,353Waan'n. Ac 25 243 34 281

N orfolk........ 11,487 101,424 27,347 152,269 39,114 45,325West Point n .1 7 4 61,616 21,281 106,019 13,303 38.157K V t A o 1,157 6,538 2,243 11,652 2,180 7.180

Mew York : 974 6.216 2,733 U>,*35 174,465 88,947Huston . . . 5,316 28,220 58 11,000 18.000B hitimo.ri ..j IN I 7 7,403 1.1*6 24,670 18.910 26,888P Uladel .An 1,235 14,562 3.862 25,949 11,755 8,848

Totals........ 229,749 2,049.588 371,462 3.031.354 900.390 1,092,492In order that comparison may be made with other years, we

give below the totals at leading ports for six seasons."i e c t o p t g ctf— 1*95 18*U. | 1893.. j 1892 1891 1 8 * »

G a'vee’n.Ao. 42 .188 00 .635 54 ,780 55,539 56 ,048 31,080New O rleans 7 2 ,3 4* 132,303 82,5X8 60,991 124 ,540 82,154M obUe.......... 6 ,647 10,070 8,060 8 .223 9 ,987 11 ,4606av Aiiuah. 27 .373 40 ,405 50 ,130 39,355 38 .270 50,666Chat'tou.A o 27 ,609 22 ,107 27,373 20 ,518 21 ,631 15,953W itQ’ ton. kc 7 ,778 9 ,030 11,104 10.287 9 ,350 7 ,718N *rfolk .. . 11,487 27,347 27,383 13,449 29 020 23 ,241Mr. Point.Ao 12,331 23,529 10,101 10.260 15,400 18,108AU m h«r» .. 21,983 15,470 21 ,960 21,109 20,804 25 ,658

Tot. sbie v i . 229,749 371 ,402 209.571 262 .766 325 ,714 2 66 ,0*4

81nee 8ep t. 1 2043 .588 3 ,031 .851 2405 .713 2 241 ,457 3159,401 2946 ,161The exports for the week ending this evening reach a total

o f 159.37S baies, o f which 81,836 were to Great Britain. 17,887 to F ran ce and 59,705 to the rest o f the Continent. Below are the exports for the week and since September t, 1895.

t v * K n-Iln j .V. !•. I t From Sept. 1. i -MS to .Vo*. I t i s t, HvwMfM »n fi7 rirv- r > -• 'n

flxport*from — Great

Brit'n fra ncOont.%nent.

TotalWeek

GreatBritain f r a n c

Oontinent. lof>.

G a lv e s to n ........ 4,898 836 24.015 12V ,810 38,237 49,989 212 030V elasco , A c ... . 1,600 1,822 3.123 1,500 13,50f 15.060Sow O r le a n s .. 20.801 13.539 20,023 53,823 142,141 03.901 90.0 1 294,100M obile A P e n . 3,200 093 4.193 lS.fC 4 10,106 21,070f ta r im im h ........ 19,901 10,901 17 0 2 13,201 107,322 137,055B ru n sw ick ----- 5,503 1,100 9,693 IP,70V 7,046 27,854C h ar le s to n * . 9.810 1.8 0 14,609 27,701 C3.19P 95.9L3W ilm in g to n .. . 4,375 4.2T5 17,919 41,628 59,747N o rfo lk ,............. 5,689 6*9 0,112W est P o in t . . .N’p*t N ews, Ac „ 1,646 1,045New Y o rk ........ I t ,591 800 11.208 23,159 71.025 7,143 52,012 130,130B oston ................ 7.831 100 7,781 51.496 300 51,795B altim ore*........ 3,448 299 3,747 19,08V 14,053 33,141PhU adelp 'ft.A c . . . . . . . . . . 4U> 850 1,299

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

T o ta l, 1 8 9 4 .. . .

81,838

115.-04

17,837

18,875

59,705 159.378 513,180

800.703

122,002 450,390

725,1181,092,178

1.764,993101.016 230.094 233,112• Including Port Royal.

THE CHRONICLE. VOL* LXI,

. , „ „ , Q , , i trht a ls o 1 HE SALES AND x RILES Ut\\\' T L V rlin on shipboard, ‘ not *'< llowir g comprehensive table ■ ■ ^ ■ a d d similar figures for

The Sales and Prices of Futures are shown by the

is named. W t .JiPM M X B prepared for our special use by Messrs Produce Exchange Building.

B r i ta in . F r a « «O ttu r

F o r e ig nC o a s t ­w ise . T o ta l.

S to c k .

K«w O r l* »u t...

BavAanith.........

Mobil*

New Y ork.........Other port*—

13 520

10,0006,000

6,80020,000

35,060

None.None.None.None.

800None.

29,12910,28812,000

9,5001,000None.7,200

17,000

9195,393None.

700None.8,000None.None.

79,22851.46620,00020,900

7,00013.000 14,80037.000

266,18975,29777,96636,54723,91926,114

159,06552,005

Total 1 895 ... t»:i,993 11,572 92,117 15,012 242,694 717,702

Total 1 8 9 4 ... 19:1,508 44,81130,201

150,86095,303

14,04613,913

402.731355,443

689,761712,405

fh( peculation in cotton for future delivery at this market f< s the past week has been of fair proportions. The general j lrj« si ion of operators was to liquidate long engagements under influence of slow, disappointing demand from actual consumers. On Saturday there was a material decline, in sympathy with a smart reduction in values at Liverpool, in- or. using troubles on European bourses and a failure on the ••bull" side in New Orleans. On Monday the market opened buoyant on the more peaceful aspect of European politics, but Hie Bureau r< port, though variously construed, was dis­appointing to the “ bull” party, and a rapid decline followed. On Tuesday an early decline was followed by a considerable advance, the market evidently bting under the control of local it fluences—early selling to realize and later fresh buy­ing fordhe “ long” account. Wednesday’s deal opened at an advance, responsive to stronger foreign accounts, but quickly r< acted under pressure to realize and lost 10 points net for the day. Yesterday there was a further decline of 10@11 points under less promising advices from Liverpool, but a cove ring demand stimulated recovery of nearly entire loss. To day, however, renewed liquidation has again weakened tone and prices lose 17 points. Cotton on the spot declined sharply early in the week, and is again off at the close, with trade dull. Middling uplands 8 7-16c.

The total sales for forward delivery for the week are 1.887,300 bales. For immediate delivery the total sales foot up this week2,673 bales, including----- for export, 2,623 for consumption,— for speculation and ----- on contract. The following arethe official quotations f ir each day of the past w eek - November 9 to November 15.

Rates on and off middling, as established Nov. 22, 1893, by the Revision Committee at which grades other than middling may be delivered on contract:Fair..

Good Middling...........Strict Low Middling.. Low M iddling.............

on.- 78 on.. . •-! on.

on.- 318 oil.. . Ti* oft.- 1310 ott.

G ood O rdinary.................o. 1% oil.G ood M iddling T in g e d ... Even. S trict M iddling S ta in ed .. 133 oft.M iddling S tained............... t,6 ofl.Striot L ow Mid. Stained.. oil. L ow M iddling S tained___1%' oft.

On tliis basis the prices for a few of the grades would be as follows.

UPLAND8. S a t . M o n T u e s W e d T h . F i lG ood Ordinary.............................Low Middling................................M id d lin g ........................................G ood M iddling.............................Middling Fair...............................

71%8= g8 nr 9 1 -6 9%

7 *85168*4Si16953

7 %

8%8 is ls9%

7% 8'h« 85g 8 ’ 516 91*2

77-68%8«.e8%97,«

7*l«8§ 7-«

9% aGULF. S a t . ITIon T n e « W e d T h . Fr>

Good Ordinary...........................Low M iddling...............................M iddling.........................................Good M id d lin g .,..........................M iddling Fair...............................

~7889ia9

9-8

7 %8«1699?t69 78

7 %8M6 8 7b 93 6 9%

734 81,6 8 % 93,a 9 Hi

7 ‘ iie8%S13169%9 u 16

ra8! 11"98|6

8TA.INED. j S a t . | M o n X u c s W e d X U . F r lLow Middling................................Middling.........................................Striot M id d lin g ...........................Good Middling T inged ..............

7%

lfc28 Hi

7%8°ia8 H328Ht

7% 811,6 813.a 8%

7 '-I

8 1^ 0 8 % '

7 >8 %8 U3289l«

7 h e887r287ia

MARKET AND SALES.The total sales of cotton on the spot and for future delivery

e.i'-h day during the week are indicated in the following statement. For the convenience of the reader we also add a column winch shows at a glance how the market closed on same davs.

■ POT MARKETCLOSED.

doo.

SALES OF SPOT AND CONTRACT.

Sat'day .'Quiet at luMonday lO n lot.......Tuesday Quiet at % d e o ..w ed ’day fciaay.............. jTburM'y Quiet at L „ dec! F riday.. Quiet at 1,3d ec..

Total ........ ............

E x ­p o r t .

O o n -s u m p .

S p ec-u t 'V n

C o n ­t r a c t . T o ta l.

S a les o j F u tu r e s

.... 195 .... 1 9 5 189,600.... 195 .... 195 387,500.... 112 .... 1 1 2 397,400859 .... 859 282,700.... 825 .... 825 25)4.300_ 4 3 1 — 4 3 7 335,800

__ 2,623 . . . . 2,623 1,837,300

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X X 5 X XCf?®

X &Cl 01WOl 1 ®

<*?®C1<J M tO 1 $

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Cf?"®0 0 1 <5x x o x x x o x X .

CICi ^ 0 Cl-0 *5MM M to CD M wcooo6 0707 toI d

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I ® I I

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5 I ICf?? I

x x o x x x o x x x o x X o xd i < j0 c i 6 6 ° d i 6 x ° - 5 - j ° - jCD O M < ltO Ol 01 to Ol 01 M

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1 8 : ? 1 8 : ? 1 8 : ® 1 8 : f

I I 11 I I : I i

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CDcp 00 0 00 to to 0 to

* Includes sales n Septem ber, fo r Septem ber, 15,20 O ctober, for O ctober, 51^,600.

Septem ber-

The following exchanges have been made during the week:•10 pd. to exoli. 1,200 Melt for May. •05 pd . to exeh . 100 Dec. fo r Jan. •19 pd. to exeh . 100 Mob. fo r Aug. • 0 pd. to exeb . 1,200 Jan. fo r Mcb. •05 pd. to exeb . 500 A pr. fo r May. 09 pd. to exeb . 500 Jan. fo r M cb *05 pd. to exch . 200 M cb. fo r Apr.

•18 pd. to exeb . 300 O ct. fo r M cb. *17 pd. to exeb . 600 O t, fo r M cb. •16 pd. to exeb . 600 O ct. fo r M cb. •10 pd. to exeb . 500 Jan. fo r M cb. *15 pd. to exeb . 200 Dec. fo r M ob, •05 pd. to e x e b . 500 Mob. fo r A p r.

T h e V is ib l e Su p p l y o f Co tt o n to-night, as made up b y cable and telegraph is as follows. The Continental stocks, as well as those for Great Britain and the afloat are this week’s returns and consequently all the European figures are brought down to Thursday evening. But to make the totals the complete figures for to-night (Nov. 15), we add the item of exports froru tlie United States, including in it the exports of Friday only.

November 16, 1895.^ THF, CHRONICLE. 879

Stock at L iverpool............bales.8took at London.....................

Total Great Britain stook.Stock at Hamburg..................Stock at Bremen.................. . . . . .Stock at Am sterdam .............Stock at R otterdam ..............Stock at A ntw erp........... .........Stock at Havre.........................Stook at M arseilles................Stock at Barcelona.................Stock at Genoa. . . . . . ______. . .Stock at T rieste ...................

1893.933.0005.000

938.000 22,000159.000

8.000 200

12,000237.000 1,000

53.00016.000 20,000

1891.718.000 __7,000725.00034.000137.0009.000

20013.000

326.0005.000

3s;oooS.iXIO

22.000T o ta l C o n tin en ta l stocks. 531,200 532,200

1893. 1312.812.000 1,163,000 __7.000 _ 8,000819.000 1,171,000

8,000 2,800126.000 92,00013.000 17,000

200 1009.000 1,000336.000 318,000

5.000 10,00018.000 43,0008.000 9,00021.000 17,000

541.200 512,900Total European stocks .... 1,469,200 1,307.200 1,3-3.20O 1,633,900

Indlacotton afloat for Europe. 52,000 8,000 45,000 33,000A m er.cott’n afloat for Europe. 492,000 826,000 665,000 604,000Egypt. Brasil,Ac.,all t for E V pe 53,000 18.000 47,000 60,000Stock In Halted States p orts.. 960,396 1.092,492 1,067,-48 1,037,465Stock In U. 8. Interior tow ns.. 451,026 400.554 388,676 326,081United States exports to -d a y ._33,-22___24,604 41.630 32,622

To a l v is ib le su p p ly .........3.508.444 3,704.350 3,618,354 3,777,068Of the above, totals of American and other descriptions are as follows:Liverpool stock ..............bales. 799,000 537.000 610.0001,006,000Continental stock s ............. 464.000 446,000 439,000 380,000American afloat for E urope... 462,000 826,000 605,000 6O4.000United States stock.............. 960,390 1,<192.492 1,067,848 1,037.465United Statealntertorstocks.. 451,036 400 554 388,676 326,081United States exports to-aay. 58,822 24,604 41,630 32,622

Total American.................3,195,244 3^76,650 3.242,154 3,380,16.8S a j i I n d i a n , B r a z i l , <tc. -

XJverpool stock ..................... 134,000 131.000 172,000 157,000London stock ........................ 5,000 7.000 7,000 8,000Continental stocks................. 67,200 136.200 103,200 132,900India afloat for Europe.......... 52,000 8.000 45,000 33,000Egypt, Brazil, Ao., afloat....... 55,000 46,000 47.000 60,000

Total East India, A o........ 313,200 32- 200 376,200 390,900T oU l A m erican .............. 3.195.244 3^76,650 3.242.154 3,386,168Total visible supply........... 3,503 .44 * 3,,704 ,850 3, 618 .351

Middling Upland, L iverp oo l- Middling Upland. New fo r k .. Egypt Good Brown. Liverpool

4 - 1, d. 3d. 47 ,d .a v c . 5=*0. 8*ac,6», d. 4.9x1. 5hxl.

Pernv. Rough Good. Liverpool «Jl«d. 5**d. 68x1.Broach Floe. XJverpool. . . . . . .Tinnevellv Good, Liverpool...

4 « .lL 39-d. 4 d.t v t . 311 d. i=»d.

r77,©68 414.,d. 9 tic. 58fd.

6*,. d. US, d. 1 :tid.

X3T The import* into Continental ports th» past week have been 105,000 bale#.

The above figures iti licate a decirw e in the cotton in sight to-night o f 196.4X5 biles as compared with the aame xlate o f 1894, a fal'iog off o f 109,910 bales over the correjjKMimng date of 1893 and a decrease o f 283.621 bale* from 1892.

A t the Interior Towns th e movem ent-—th a t 1* th e rece ip ts for the w eek and since Sep tem ber I , th e shiprn Tits for th e week and the stocks to-night, and the sam e items for the corresponding period of 1894— is se t out in d e ta il below.

* Louisville figures *• net” in now vears.* This year’s figures estimated.5 Last year’s flgnrea are for Columbia, S. C.The above totals show that the interior stocks have increased

during the week 35,851 bales and are now 48,807 bales more than at same period last year, The receipt.* at all the towns have been 124.!* 5 hales leaf than tame week last y ear and since Hept. 1 are 693,491 oaks less than for -awe tim e in 1894.

Q u o t a t io n s f o r M id d u n g C o tt o n a t O t h e r M a r k e t s .— B e low are c lo s in g q u o ta tion s o f m id d lin g c o t t o n a t S ou th ern a n d o th er p rin cip a l c o t t o n m ark ets fo r ea ch d ay o f th e w eek .

CLOSING QUOTATIONS FOS MIDDLING COTTON ON—Not*. 15 S a tu r . M on . T u e t . W&dnes. T h u n .

Galveston... 8^ 8% 8*4 Shs 8*8 8*8New Orleans 8% 8% 8*4 8*4Mobile........ She Shs 8*18 8*16 8 sSavannah.. She She 8*8 SheCharleston. 8 >4 8 8 8 8 8Wilmington 8 >4 8*4 8*4 8*4 8 8Norfolk....... 8=8 S5 e 8*e 8*s 8 8Boston....... S**is 8% 8% 8=3 8=3 SheBaltimore. 80i 8=s 8=8 8=3 S=sPhiladelphia 9 9 8% 8% S'hs § u 18-Augusta. . . 8*4 8*4 8’ 6 8*8 8*ie 8Memphis... 8% 8*3 8*4 8 4 8*3 8*8St. L ou is ... S*s 8% 8=3 8=8 8*4 8*4Houston. . . 8*2 S-% 8% 8*4 8*16 8*8Clnolnnatl. B \ Sh 8% 8=3 8*3 8*3Louisville.. 8*3 8*3 8*3 8*3 8*3 8*3

The closing quotations to-day (Friday) at other important Southern markets were as follows.Atlanta............ 7*4 Little R ook .... 70i Newberry.........Columbus, Ga. 7 * M ontgomery... 7% R aleigh............ 701,Columbus, M ibb 7 1*! Nashville......... 8*8 Selma................ 701E o ta u la ............ 7 * Natohe*........ . 7>=is Shreveport,___ 7=8

R e c e ip t s fr o m t h e P l a n t a t io n s .— T h e following table indicates the actual movement each week from the plantations. The figures do not include overland receipts nor Southern consumption; they are simply a statement of the weekly movement from the plantations o f that part o f the crop w hich finally reaches the market through the outports.

fVukJndinfl—

Receipt • at tne Porte. St'k at Interior Tow u. R ct'p ls from P lan t'n s.IN03, ( I8»4. I 1895. | 1893. m u . ; 1896. 1893. 1894. | 1895.

Oct. *74.486 188.723 180.402 W3.762 28C.S69 ’ ’ 18 'SS6.73#334.1*1 2*0 659 227,101 233.8#-! 808.191 325,187 “ 2S. 1368,23* 400.876 286.138 276.98* 2 '« S « S2S.S7I I0S.1I9

Nor. 1 334.762 431,443 2S1.W7 3*1.500 328.72S 364,991 370,310 “ 8 1896.141 »»e«62 1#;,»3I 313.153 871,12: 414,175 817,739 ” 15. '299.471 371.462 229.749 4*8,6 6 402,219 451,016 345 989

367.3' 9 330.499 437,627 345,098 441/43 352,821 4^0,903 290,607 444/64 24* 112 402,664 2O6.0OO

The above statement shows: 1.—Tiiat the total receipts from the plantations since Sept. 1. 1395. are 2.465,914 bales; in 1894 were 8,870,738 bales; in 1893 were 2,718,223 bales.

2. —That although the receipts at the outports the past week were 229,7111 bales, the actual movement from plantations was- only 265 8X) bales, the balance going to increase the stocks at the interior town-. Last year the receipts from the plantations for the week were 402,554 bales and for 1893 they were 345,089 bales.

O v e r l a n d M o v e m e n t f o r t h e W e ek a n d S in c e S e p t . 1 .— We give below a statement showing the overland m ovem ent for the week and since September 1. As the returns reach us by telegraph late Friday night it is impossible to enter so largely into detail as in our regu'ar monthly report, but all the principal matters o f interest are given. This weekly- publication is of course xupplemeo tary to the more extended monthly statement*. The results for the week ending Nov. 15 and since Sept. 1 in the last two years are as follows.

1895. 1894.Xoeembtr 15.

Week, Since 1 SepL 1. | Week. Since

Sept. 1.

Skipped—v ia fir ___ TT— T- . TrT___ 21,189

1S'U !107 ,511 51 ,850

25,150274 ,213

V ia Cairo .................................. 78 ,655 114 ,395Via P ark er C ity ..............................V ia E van av itle ....................................

7,0-W 2 ,000

13.337i l l 50

Via L o u is v i l le .................................... 10,137 49.138 47 ,3 26V ia C in c in n ati.................... ..............V ia o th er rou tes, Ao........................

4 ,0283,611

19,201 9 ,676 21 ,4 46 4,<540

15 ,3103 8 ,0 4 9

55,588

9,102

2.663

3,4'? a*A 1A7.KOA 525 ,225

6 1 ,5 10

2 IU 3 5

Deduct thipmcnU—O verland to N. Y .f Boston, A c .. B etw een Int *iior tow n*................

56 ,4071,472

10,79?2,828

In lan d . Ac., from S o u th . . . .____ 14,190 1.084

11,778 73 ,075 15.293 96 ,409

L e a ilu g to ta l net overlan d .. 43 ,810 270 ,609 92,302 ' 428 ,720* Including movement by rail to Canada.The foregoing shows that the week’s net overland movement

this year has been 48,810 bales, against 92.302 bales for the week" in 1894, and that for the season to date the aggregate net. overland exhibits a decrease from a year ago of 158,117 bales.

In R ig h t a n i l S p in n e r . ’ T n k in g i .

1895. 1894.

ir«*. S in c e S ep t. 1. Week. S in c e

S p i. 1.K ecelp 's a t po rts to Nov. 15____ ,229 .749 2 ,048 ,588 371 .162 3 ,031 ,854N eto v e ilan d to Nov. 1 5 .. . . I 13,810 270 ,009 92 ,302 428 .726Southern consum ption to Nov. 15 22 ,000 213 ,000 21 .000 190 ,00 0

T otal m arke ted ................ 205 ,559 2 ,532 ,197 484,761 3 ,650.580-In terio r stock* In ex cess ............ j 35,851 418 ,326 31,092 344 ,884

Cam e Into e leb l florins: w e ek . 331 ,410 1515.856 ...............T o ta l In .Unlit Nov. 15. . . | ........... 2 ,950 ,523 .......... 3 ,995 ,464

North’n sp inners tah ’gs to Nov. 15 75.214 538 ,465 132 ,507 731 ,498It will be seen by the above that there has com* into sight

during the week 83',410 bales, against 515,850 bales for the same we k of 1894, and that the decrease in amount in sight tc-night as compared with last year is 1,044,941 bales.

880 THE CHRONICLE [V ol. LXI.

navt

Te l e g r a p h , —Our telegraphic ad- { d-note that rain lias been general at the past week, and that the picking and market-

n interrupted to some extent thereby, r o f sections of Texas picking is claimed to be over, Killiug frost is reported at paints in Texas, id South Carolina during the week, i, Tftma.—Reports from the interior are to the • >iton picking is practically over in many locali- < rained on five days of the week, the precipita- ng one inch and twenty-four hundredths. The >r has ranged from 50 to 70, averaging 03,, Texas.— First killing frost occurred on Monday, een rain on three days

/k its fin tP R I V IThen* has lieeii ruin on three days of the week, the rainfall reaching two inches and forty hundredths. Average ther­mometer 51, highest 74 and lowest 34.

Huntsville, Texas.—We have had rain on two days of the week, the precipitation being two inches and seventy hun­dredth-. The thermomer has averaged 58, the highest being 77 and the lowest 39,

Ihtllas, Texas.—Picking has been slow and much retarded the pa.it week. But little cotton remains in the fields here­about.-. Rain has fallen on three days of the week, the pre­cipitation reaching two inches and five hundredths. The ther­mometer has averag* d 52, ranging from 32 to 72.

San Antonio, Texas.—Cotton is moving slowly, receipts being very light. Picking is over and all gins have practi­c'd]}.-but down, There has been light rain on four days of the week, the rainfall being ninety-five hundredths of an inch, The thermometer has ranged from 42 to 78, averaging 60.

Luting, Texas —Rain has fallen on four days of the week, to the extent of one inch and twenty-four hundredths, age thermometer 60, highest 77 and lowest 44.

Columbia, Texas.—We have had rain on four days of the week, the rainfall being one inch andtjwenty-five hundredths. The thermometer has averaged 60, the highest being 80 and the lowest 40.

Cuero, Texas,—It has rained on three days of the week, the precipitation reaching one inch and forty hundredths. The thermometer itas averaged 62, ranging from 44 to 80.

Brenham, Texas.— There has been rain on four days of the week to the extent of one inch and twenty-one hundredths. The thermometer has raDged from 40 to 78, averaging 59.

Belton, Texas.—We have had rain on two days of the past week, the precipitation being one inch and twenty-five hun­dredths. Average thermometer 56, highest 76, lowest 36.

Fort Worth, Texas.—There has been rain on three days of tin- week, the rainfall reaching one inch and eighty-five liun- <1 red the. The thermometer has averaged 52, the highest be­ing 73 and the lowest 32.

Weatherford, Texas.—The week’s rainfall has been one inch ana ninety huadreiths on three days. The thermometer has avt ragi d 53, ranging from 32 to 74.

A", w Orleans, Louisiana.—Rain has fallen on two days of the week, the rainfall reaching forty-eight hundredths of an mch. fhe thermometer has averaged 60.

Shreveport, Louisiana.—We have bad rain on five days of the week, the precipitation oeing two inches and eight hun­dredths. The thermometer has ranged from 34 to 74, averag- mg 51, °

Columbus, Mississippi. —Rain has fallen on three days during the week, the precipitation reaching one inch and So'7,1,west''i-)hUndredthS' Average thermometer 56, highest. Feland, Mississippi.— The week’s rainfall has been two inches and forty-five hundredths. The thermometer hasav- emced ol *7, the highest being 79 and the lowest 30.

lycKsburg, Mississippi. Killing frost occurred in this L 0D i] onrla-I' ,and thin ice formed. There has been

t, t °,Ur d,a-vs of l,he vveek- the rainfall being twenty-three hundredths of an inch. The thermometer has ranged from 88 to 75, averaging 54*9.

Meridian Mississippi.—About fifty per cent of the cron has been marketed. Item has fallen on three days and the ttarm- I'tni't. r Itas ranged from 20 to 70. mw » W i l'"' Arkansas.—It has rained on two days of the

: tl’ e precipitation reaching two inches and nine hun- drahs. I he i hermometer has ranged from 32 to 67, averag-

t l i f ra-7\V;l'k aT h ?r^ N° l mUGh- Plckin* has been done the . There 1ms been rain on four days of the week rainfall being one inch and thirty-four hundredths The t ~ tCr liaa averaged 40, the highest being 71 and the

Memphis, Tennessee.—Rain has fallen on five days of then-k, but the weal her now is Clear. The precipitation reached

; " » h and sixtv-seven hundredths. The thermometer hasaveraged 48, and ranged from 30*8 to 71 2tb fe fm n iw have had rain the past week to

• nf ' onL‘ ,nch and twelve hundredths. Thether-\tni iT ",7“, ,as ran£e,d from 27 to 73, averaging 47’5

Tu -la v " w t h a v r ^ 1' ^ tr°at> occurred >a the interior on J ui .lay. We have had rain on three days of the week totherm/. lt 'f- /* ity-three hundredths of an inch. Average thermometer 56, highest 75 and lowest 35. average

Montgomery, fji| — -night R.,,n ' w a(roUla'~ K illlngfr? 8t dns occurred on one ’ ' K!,m "us fallen on two days of the week the

reaching 78 hundredths of an inch. Theprecipitation

thermometer has averaged 55, the highest being 64 and the lowest 45.

Selma, Alabama.— There has been rain on three days of the week, the precipitation reaching one inch and thirty-five hun­dredths. The thermometer has averaged 55, ranging from 29 to 80.

Columbus, Georgia.—Rain has fallen on one day of the week, to the extent of fifty-nine hundredths of an inch. Aver­age thermometer 54, highest 74 and lowest 34.

Savannah, Georgia.—W e have had rain on five days of the week, the rainfall being ninety-six hundredths of an inch. Average thermometer 58, highest 82 and lowest 39.

Augusta, Georgia,—It has rained on three days o f the week, the precipitation reaching seventy-nine hundredths of an inch. The thermometer has averaged 56 and has ranged from 36 to 82,

Charleston, South Carolina.—There has been rain on four days during the week, the precipitation reaching seventy-two hundredths of an inch. The thermometer has averaged 58, the highest being 80 and the lowest 42.

Statebwrg, South Carolina.—Killing frost occurred on the 13th, W e have had rain on five days of the past week, the rainfall reaching ninety-four hundredths of an inch, The thermometer averaged 58'4, ranging from 36 to 77.

Greenwood, South. Carolina.—It has rained on four days of the week, the precipitation being two inches and forty-six hundredths. The thermometer has ranged from 20 to 72, av­eraging 47.

Wilson, North Carolina.—Rain has fallen on two days of the week, to the extent of ninety hundredths of an inch. Average thermometer 55, highest 80 and lowest 40.

The following statement we have also received by telegraph, showing the height of the rivers at the points named at 8 o’clock November 14, 1895, and November 15, 1894.

N ov. 14, '95.F e e t .

S e w O r le a n s ..... 2*3Memphis.............. 2*5Nashville.............. .........A.bove zero o f gauge. 1-6Shreveport ....... 3-6Vicksburg............ 6-3

Not). 15, ’94,F e e t .

2-00-90 04-75'1

T h e Co t t o n C r o p o p 1895-96—W h a t t h e A g r ic u l t u r a l D e p a r t m e n t F ig u r e s I n d ic a t e . —An article under this cap­tion will be found in our editorial columns to-day.

I n d i a C o t t o n M o v e m e n t F r o m a l l P o r t s .— The receipts and shipments of cotton at Bombay have been as follows for the week and year, bringing the figures down to Nov. 14.

BOMBAST RECEIPTS AND SHIPMENTS F O R F O U R T E A R S .

1 <n,%p/nenis t h i s w eek . S h ip m e n t s s i n c e S ep t . 1. R ec e ip t* .Year\ G rea t

B rit 'n .C on tin e n t . T o ta l. G rea t

B r i ta inC o n t i ­n e n t . T o ta l T h i i

W eek .S in c e

S ep t. 1.1895 .........1894 .........18931 .........1892 .........

8,0002,0005.0003.000

8,0002,0005.0003.000

1,0005.0005.0003.000

. 57,00017.00055.00051.000

58.00022.000 60,000 54.000

33.0003.000

10.0009.000

136,00031.00093.00043.000

According to the foregoing Bombay appears to show an increase compared with last year in the week’s receipts of30,000 bales and an increase in shipments o f 6,000 bales, and the shipments since Sept. 1 show an increase o f 36,000 bales. The movement at Calcutta, Madras and other India ports for the last reported week and since the 1st o f September, for two years, has been as follows. “ Other ports” cover Ceylon, Tuticorin, Kurrachee and Coconada.

C alcutta - 1895.......1894 ....................

M adras-1895 ....................1894.___

All others—1895.. ..1894 .. ..

S h ip m en t* f o r t h e w e ek .

Q rea t O on ti- B r i ta in . n e n t . T ota l.

Total a l l -1895.........1894 ..........

2,000

1,000 1,000

1,000 1,000

S h ip m e n t t s i n c e S ep t . X

2,000

3.000■' "~l "

2.000 3,000

2.0003,000

4.0003.000

G rea tB r i t a in , C o n t in en t . T o ta l

2,0003,000

4.0002.000

6,0005,000

11,00010,000

10,0008.000

21,00018,000

13.00010.000

18,00018,000

31.00028.000

26,00023,000

32.00028.000

58.00051.000

The above totals for the week show that the movement from the ports other than Bombay is 1,000 bales more than the same week last ypar. For the whole of India, therefore, the total shipments since September 1, 1895, and for the corresponding periods of the tw o previous years, are as follows.

EXPORTS TO EUROPE FROM ALL INDIA.

S h ip m en t s to a l l E u ro p e

f r o m —

Bom bay.All other ports

Total

1895.T his

w e ek .S in c e

S ep t . 1.8,0004,000

12,000

58.00058.000

116,000

1894.T h is

w e ek .

2,0003,000

S in c e S ep t . 1.

22,00051,000

1893.T h is

w e e k .

5.0002.000

S in c e S e p t . 1.

60,00049,000

5,000, 73,000 7,000 109,000A l e x a n d r i a R e c e ip t s a n d S h i p m e n t s .— Through arrange­

ments 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 tw o years.

November 16 1895 .J THE CHRONICLE, 881Alexandria, Egypt,

S op ember 13. 1895. 1894. ] 1S93.S e c e ip ta (c a n ta r s * ) . . . .

Tills w * * k ...a S ince Sept. 1.

286,0001,931.000

•260,000 ! 1,188,000 1 230 ,0001,096,0003*Ai« Sine* week. Sept. 1

This Sine week ; Sept. 1. Th%* j 8iH>

week l Sept I

E xports (bales)—To L iv e rp o o l___. . . . 17,000: 99,000 12,000; 54,000 12,000 58,000 9,000 67,000

10, 00* 58.000 9,000 50,000

T o ta l E uro p e........... 29,000 153.000 21,000; 125,000 19,000 103,000M a n c h e s t e r M a r k e t .—Our reportr e v i v e d bv cable to n ig h t

from Manchester states that the market continues q u ie t fo r both varus anti shirtings. Production is b e in g c u r t a i l e d slowly. We give tne prices for to-day below and leave tn o se for previous weeks o f this and last year for comparison:

1893. 1394.

ort yx 8 1* Lb*- Bhirt-\C9ttn 3 *S? QP* Lng$, common i f id.

Twisi. | {/> jineitl. j Upldt. . 8*4 15*. Shirt- Cop. intj , amtmon

liciet. , , finest.OotfnMid.JJplds

<L d. ». d. * d. d- d. d. js . iL s. d. d.O e . i l 4 6 % a « io |77m fts* 3 0 1 , , 4 5 4 3>i 3

" 18 6>»„ 7% 1 7 1**6 11 l-*** 5% y’6*i#|i4 5 ** ti 6 3*2 3»s ,“ a :, e q « t h i « » a 10 4% 5*» B'63* f t 51* a 6 1 3 r ia

Nov. i s * , c7t> 4 a m io*9 1 -1*2 f>h S 6H 4 4 i* » t i 3 rm** 8 0*4 *7>* 4 0 #6 10%; 4 « * :.t» *.* 8H 14 5H »»6 2 313,“ 15 :64 , » 7 » s 1 5 9 4 7 ,, 5 * . , 3*6 !4 3 * 6 1>* 3S e a Is l a n d C o tto n M o v e m e n t .— W e have received this

<Friday) evening by telegraph from the various porta the details o f the Sea Island cotton movement for the week. The receipts for the week ending to-night (Nov. 13) and ainte Sept. 1 .1895, the stocks to-night, and the same items for the corresponding periods o f 1891. are as follows.

See npu to Sot. 15.1895. 1894 . Stock

This \ Sinceweek- \ Sept. 1.

Tbitweek.

SinceSept. 1. 1895. 1894

6 »v a n n * h ..................... 5 ,511 33,0001 * m ! 4*373 9 5 1 j 1,529

5 ,275303453

32.610 *2 10*1

15,322 19,5313.0X1 O (Y7K

1.44*2 1 ,699 1.011

T o ta L .. . ..................... .. 7 .007 I0.1MH 8,031 36,199 ; 20.065 .21 ,020The exports for the week ending this evening reach a total

o f 2,4*6 bales, o f which 2.161 hairs were to Great Britain. 79 to trance and 200 to Herat, and the amount forwarded t. Northern mill* has been !,U 2 bales. Below are the exports for the week and since September 1 in 1893 and 1894.

Kxporttfrom*--

Week Ending Sot. 15,1 Since Sept. 1 , 1893. Sorts** Vu/Great j

Brit'n.'Pr>nee

Ac. j Total Ortas S iB r ifo

ff'ntti _ . , Sc. [ Iv'<»<* Week j tH»*C‘

I Sept. 1

B 'v an n n . Ac 773j 775S 4,913 I,707| 6, 2 ,655 | 8,580Chari* t'tu& r F lo rid a , Jkc.

. . . . . . j ...........j 449 ........... 449176

I 50 734

fitw Y ork .. 1,396 279 1,193-5 3,2*32 1.527 4 ,789B o sto n ____ |B a lt im o re . j . . . . . . . . . . . . . . . . . j| . . . . . . j ........... i ..........

T o ta l____ 3,101: 279; 2 .440 j 8,6241 3 .231 :11 ,858 . 2,831 1 9,390Total 1894. 1,2151 ml 1,2135’ 3 ,625 t .250 ; 4,875' 2 ,504 11.281

A considerable portion o f the Sea Island cotton shipped 'o foreign porta goee vis New York, and some smalt amount* t ia Boston and Baltimore. Instead of including this cotton for the w e e k in which it leaves the Southern outport», we follow the same plan as in our regular table o f including it when actually exported from New York, Arc, The details o f the shipments of Sea Island cotton for the week drill be found under the head “ Shipping News,” on a subsequent page.

Quotations Nov. 15 at Savannah, for Floridaa, common, lOKc.: medium fine, 183*c.; choice, 15t£c.

Charleston, Carolina*, medium fine, 23 to M e.; fine, 25c ; fully f in e , 20 to 27c,; extra fine S3 to 40c.

Jute Butts. Haooinu, &c.—There ha, been only an ex­tremely light demand for jute lugging during the week under review, hut quotatioi » continue aa last reported, viz., 4 -. for IJj lbs., 43jC. for 2 if**, and i^ c , for standard grades in a jobbing w»jr. Car-load lots of standard brands are quoted at 4 c . fo '- 1*4 lb s ., 49jc. for 2 lb*, ami 4’ j c . for 21£ 1m . r. o. b. at New Y o r s . The market for jute butis on the spot has been inactive, no sales living reported, and quotations are nominal at 1 1 -16c. for patter quality and lj^c. for mixing.

E u r o p e a n C o tt o n C o n s u m p t io n t o N o v e m b e r I .—B y cable t ted ay we have Mr. Ellison’s cotton figures brought down to November 1. W e give a ls o revised totals for la s t year that coin pari* » i may b e u n d e . The spinners’ t a k in g s ia actual bales and pound* have been as follows:

October 1 to Sntmmber l . Great Britain. Continent, j Touts

F o r 1 8 9 5 .T ak in gs b y s p in n e r , . . . 9 .1 ,» 261 .000i 237 ,000 498 .0 -A verage w eigh t of t>* « ..m * 434 477; 480 7T ak in g s l a pounds. ...» 1 126 .344 .ii *•> 113 ,019 ,0 >Oj 239.373,0>a:

Fc*r 1 * 9 4.Tafcln** bjr *p noerii.. 311 .000 236 DOO 5 47 ,O'A verage w eigh t *r belee.lbs 490. t0 0 ; 430TsOrSn** In p o n r n i * . . . . 152 .737.000 115,630.000 283 ,367 .000

A c c o rd in , to t n « a b o v e , t n e a v e r a g e w e ig h t o f t h e d e l i v e r i e s in ( i r e a B r i t a in l* H i p o u n d * p e r b a le t h is s e a s o n , a g a in s t

490 pounds during the same time last season. The Continental leliveries average 477 pounds against 490 pounds last year, and for the whole of Europe the deliveries average 480'7 oounds per bale agaiiist 490 pounds last season. Our dispatch also gives the full movement for this year and last year in bales of 400 pounds.

Oct. 1 to ,Vot). 1. Bales of 400 lbs. each,

0001 omitted.

1895. 1894.

GreatBritain

Conti­nent. Total. Great

BritainConti­nent. Total.

Ip lnn ers’ stock Oct. 1. 'ak ln ga to Nov. 1 .........

In p p ly ...............................km sm upt’D, 4 weeks.

-Spinners’ stock Nov. 1

58,316.

595.282

653.598

16.331.

348289.

364 ,670,

374 ,320

877,400,

1 .251,720

397 ,323 .

637380.

1 ,034,703 ,

51, 477. 531 69 257 326 .

Weekly Consumption, 00§ omitted.

La O ctober................... 80 .0 100 ,0 180 ,0 82 .0 95 ,0 177 ,0The foregoing shows that the weekly consumption is now

180.000 bales of 400 pounds each, against 177,000 bales of like weights at the corresponding time iast year. The total spinners’ stocks in Gr • t Britain and on the Continent have decreased 123,000 bale* da ing the month and are now205.000 bales greater than at? the same date last year.

C o tto n A b o u t W a c o , T e x a s .—The following letter is well worth reading. The details it gives are interesting and sug­gestive.

W aco, T e x a s . November 7 , 1895.M e ss r s . W m . B . Dm,us C o m p a n y , y e w Y o r k :

D eak Sxas— Both of our p a r tn e rs h ave d r iv en to ge th e r In a b u g gy through p a r ts of th is co un ty In e v e ry d irectio n from Waco for crop Inspection. We haVe d riven 12 to 17 m iles on one d ay of each of th e last te ii w eeks, and w e h av e tak e n sh o rte r d rives o th er d a y s . We h av e not conttned o u rse lv es to the p ub lic roads, hut a t tim es w e have opened p r iv a te g a te s an d trav e le d p lan ta t io n lan e s .

We assu re yo u th a t the in fo rm atio n pub lished on page 799 of th e Chro nicle of Novem ber 2 Ind icates th a t Its W aco co rrespon den t is not a c c u ra te ly acq ua in ted w ith fac ts co ncern ing cotton ia th is co un ty .

The ra in be re fe rs to w as not rem arkab ly h e av y , and in ju red g rad e w ith ou t red uc in g y ie ld . I l ls s ta te m e n t th a t th e “ outlook Is uot good" m ust be based upon v e ry h igh s tan d ard . This section is th e b est in T ex as th is seaso n , and w h ile som e crop* a r e on ly fa ir o thers a re v e ry good, and a favo rab le fa ll lia s Im proved the outlook. In r e p ly to Ills st-item ent th a t there " w ill be no second grow th " we Bssure you th a t a v e ry la rg e percen tage of the ootton in th is sec tion w ill y ie ld a f a ir ly good lop crop, and th a t le ss than h a lf th e cotton h as been rem oved from some fie lds, w h ile w e h ave seen on ly two fields th a t a re p icked d e a n and w ill produce uo m ore. P lan t* in m any Helds a r c s t i l l l io a v lly fru ited w ith la rg e bo lls th a t w ill su re ly open reg a rd le ss of (h e w e ath e r , w h ile yo un g boll* m ay bo in ju red by sev ere fro st. Borne fa rm ers com p la in th a t th e ir p lan t* a rc too sap p y , bu t we find fa rm ers a re n o t 111 a l l

| cases disposed to g iv e us co rrec t Inform ation . L igh t fro st on the m orn ing of N ovember 2, so fa r a* we can a sc e rta in from in q u iry an d personal inspection of a few Bold*, d id nut do a n y d am age in th is seo- tlon . W ithout the p o ss ib ility of official d a ta w e co nsider, o r gue ss , th a t 60 per sen t, o r pro bab ly m ore, of th e co ttou t r ib u ta r y to W aco b y w agons and b y ra ilro ad s for co m pressin g here , ia now in th e h an d s of fa rm ers , p icked or un p icked , of co u n try m erch an ts , and o f b u ye rs w ho a rc not sh ippers. S tocks a re lib e ra l he re and in n ear by tow us, and m uch cotton is he ld " lo n g ."

A fter the b ig drop In p rices th a t began in N ow O rleans aud Now Y ork on October 1* there w as for m ore than a w e e k p ra c t ic a lly no m a rk e t in g or h au lin g . R eceip ts here one w eek w ere o u ly 175 b a les an d shou ld h ave been 100 to 5 00 b a le s p e r d a y . D aring th e p as t tw o d a y s m ore cotton h as been w agoned Into W aco th an d u r in g the prev ious tw o w eeks.

T here are m any here who do not go o u t of th e c ity , and acce p t w h a t tbey h ear from in te re sted sources and rep e a t d ism a l s ta tem en ts u n t il they be lieve them . We know th a t i t is uo t re tsonab le to e rp o o l a crop iq u a l to la s t j e a r l u a n y port of T exas , and th a t S. W. and E T e x a s h av e suffered sev e re ly beyond doubt, b u t if o ther sec tio n s a re as m uch b e tte r than* repo rts os Waco section is thou the a ssu ran ces we g e t h ir e . not continued by our own ey e s , the crop in T ex as w ill go fa r ov e r po pu lar estim ates .

V ery tru ly ,Hakdv, Williams Jt Co.

We n ever sp ecu la te , and w r ite so le ly In the In terest of tru th . Wo havo no o th er ob ject In our lon g d rives and w e ek ly reports than to co r­re c t ly inform our fo re ign and dom estic co rresponden ts. We a r e know n to a n um ber of co tton houses In yo u r c ity , am ong them P ric e , M cCormick ,t Co., 72 B ro ad w ay , and H ubbard B ro th ers A: Co., Coffee E xch ange B u ild in g .

A gricultural Department’s Cotton Report f o r Novem­ber.—The Agricultural Department':! report on cotlon for November is given below:

Tile cotton re tu rn s of th e D ep artm en t of A g ricu ltu re for the month of November show an av erag e y ie ld per a c re for the en tire cotton be lt Ilf 155*6 pounds, d istr ib u ted by S ta te s a s fo llow s: V irg iu la , 109; North C aro lina , « * ; South C aro lina , M l ; G eorgia, 1 >2; F lorida , 14*; Ala- ham a. 185; M ississipp i. Ido; L ouisiana, 177; T exas , 151; A rkan sas . 183; Tenuessee. 181; a l l o ther S tate* and T crr lt T ies. 207.

A la r g e m a jo r ity of the co rrespondents of th e D epartm en t com plain of a short y ie ld , m an rep o rtin g " a h a lf orop," "po orest in th ir ty y e a rs ." or som ething s im ila r . The d ry w eath er, whion lia s p rao tic a lly destroyed the top CropIn m an y lo ca lit ie s , and in jured it ev e r , where, has been favorab le for n ick lug , so th a t the fibre is g e n e ra lly reported c lean and in good condition, r i le dam age from drouth Is no t conliued to p a r t ic u la r s ta te s , none being fre e from it.

THE CHRONICLE. [V-OL. LXI.

THE KXlbOdUiAO*i bo l AClitiran til

dhowho dtro jsporls

,lon

r C o t t o n from New York this week show a n I ivitii last week, the total reaching 23,459 306 bales last week. Below we give our mg the exports of cotton from New Yori ,

for each o f the last four weeks; also theu, ror fliiun ui taot -----” , , ,,ml d irectio n sin ce Sep t. 1 , 189o, an d in the la t Lrtl fo r tho same period of th e p rev ious yea r .

Week S yiding— TotalSamtperiod

1 .Oct. Yoc*

* 1Nov.

8.Nov.15.

since 8ept. 1.

previousyear.

Other British p o m ’6,204

9092,3131,359

1,9223,266

9,9471,644

58,51412,511

69,35332,020

T o t . to Gt . B arr 's . 7,112 3,672 5,188 11,591 71,025 101.373

H i m ..................................Other French porta..

1,060 1,212 1,349 600 7,143 8,741

To ta l F re n ch___ 1,060 1,212 1,349! 600 7,143 8,741

453 5,378 560 6,514 21,2055,038

13,967

14,9288,838

20,579600 500 1,2503,361Other porta............ .. 2,268 3,763 459

T or. T oN O .E roorit 3,321 9,811 2,269 9,878 40,230 44,345

Spain. Italy, 4 « .........A il o th e r ......................

2,900 1,400 1,390 11,283499

21,607331

T otal Spa in , <fcc.. .......... .. 2,900 1,400 1,390 11,782 21.941

Gk a s d T o tai,___ 11.493 17,425 10,206 23,459 130,180 176,400

Mo b ile T o Vera Craz—Nov.U ■<—Steamer Ravensdale. 993. P e n s a c o l a - To L iverpool - N ov. 1 5 -S team er GoBingham, 3 ,200. Sa v a n n a h - T » B rem en — N ov. 1 2 —Stea uwr 0 * p e Coin >n*i, o ,20L .

L'o H am burg—Nov. 12—Steamer Cape Com orin. 6->*».B r u n s w ic k —To L iverpool Nov. 14—Steam er InJShowenhead, 4 ,728 ’-

upland and 775 Sea Island.To Brem en—Nov. 1 4 -S tea m er Sydenham . 4,100.

Po r t R o y a l -T o L iverp oo l—N ov. 1 5 -S tea m er St. George, 9 ,610.To B re m e n -N o v . 11—Steamer E m piie , 4 ,899.

Boston— V< L iverpool—Nov. H— steamer Columbian, 2,«0L . . .N o v . 8 - S team erG orin thin, 2,157 .. .N o v . 11—Steamer S ad ism . 1 ,4 9 3 ... . Nov 12 Steamer Philadelphian. 1.781.

To Y arm outh—Nov. 12—Steam er Boston, 100.Ba l t im o r e - T o L iverpool Nov. 6 — Steam er Se lgem ore, 3 ,443.

To R otterdam —N ov. 8—Steamer Urbiuo, 219.Cotton freights the past week have been as follows.

Shipping News.—The exports of cotton from the United States i ho past week, as per latest mail returns, have reached 170,66s bales. So far as the Southern ports are concerned these ar- the same exports reported by telegraph and published m the Chronicle last Friday. With regard to New \ork we include the manifests of all vessels cleared up to Thursday.

Total Mies.N ew Yp r k —To Liverpool, per steamer Georgio, 8,561 upland

and 1.386 Sea Island....................................... ..To Hull, per steamer Ohio, 1,444 upland and 200 8oa Island 1,644 To Havre, per steamer La Touraino, 521 upland and 79 Sea

Island ................. ................................................. - ........ . 600To Bremen, per steamers Crefold, 3,148 ...D resden , 3 ,366. 6,514To Antwerp, per steamers Garrick, 250 ...K ensington,

2 ,4 7 4 ... .R ialto, 640 3,364To ricate, per tteam er Peoonio. 5 9 0 ....................... ................. 590To Venice, per steamer Peoonio, 800 ................... - ..................... 800

N ew Orleans— i’o L iverpool, per steamers Alava. 3 ,014 -----Cabral, 7 .8 0 0 . . . .Electrician, 3 ,6 7 0 ....N icaraguan, 3,976Texan, 3 ,797.................. 22,2d7

To Havre, per steamer St Cuthbert, 12,500.................... . . . . 12,o00To Bremen, per steamers Akaba, 9,344 ...Brecktleld, 7,483 16,830To Hamburg, per steamer Valesia, 1 ,1 1 7 .............................. — 1,117To Barcelona, per steamers Conde W llfredo, 1 ,450— J.

jo v e r Berra, 1 ,650.............................................- ............................ 3 ,100To Genoa, per steamer Conde W llfredo, 2 ,0 1 0 ......................... 2 ,010

Galveston—To Liverpool, per steaiueis Darlington, 6 ,8 9 7 ... .Piympton, 8 ,028 _Star Cross, 7,101 ........................................... 22,026

To Havre, per steamer L udgatf, 4 ,628.................................. • 4,628T<> Bremen, per steamers Cayo Rom ano, 6 ,7 4 l...K n u ts ford ,

6 ,1 2 2 ..................................... ....................... ..................................... 12,866To Hamburg, per steamer Ramazan, 5 8 9 . . . . Tormore, 150 .. 739To Vera i k m per steamer Kennett, 2, *10........ ...................... 2,010

T exas Cit y - T o Bremen, per steam er Cavo Romano, 1 ,700— 1,700Savannah—To Havre, per steamer Elsie, 5,450 upland and 8 jO

Sea Is la n d .......................................... 6,250To Bremen, per steamer Hathor, 5 ,4 0 0 ..................................... . 5,2* 0To Trieste, per steamer Tergeste, 2 , 300. .................................... 2,300To Veoioe, per steam er Tergeste, 4 0 i ) ................................. ...... 400

Charleston— n> Eeval, per steamer Inverness, 5,850. ......... 5 ,8 5 oW ilmington—To Liverpool, per steamer Gloucester City, 7,073 7,073

To Bremen, per steamer Arion, 8,900............................. . . . 8,900BOStop. — i * Liverpool per steamers Bothnia, 1,034 ...M ioh i-

gan, 1,042 Ottoman, 9 13 ................... ................ ........... 3,669Yariuouii, per steam er Boston, 50 ............. .. ............. 50

B a ltim o re—L’o iverpool, p -r steamer Ulstermore. 3 ,508......... 3,508To Biemen, per steamer Aachen, i.5w0....... .............................. 1,590To Antwerp, per steamer Belgian K ing, 500 ...................... .. 500

P h ila d e lph ia - i ‘o L iverpool, per steamer Rhynlaud, 136 . . . 136

Satur. Mon. Tues. Wednes. Thurs. bYi.

L iverpool......... . d . 764 784 764 764 76> 764D o ........ . . . . . . . . . . . . . .

H avre............... % 30t 3 0 1 301 30t 301D u nk irk . . . . . c . . . . . . . . .. . . . . . . .B rem en........... 25t 25t 25t 2 5 1 25t 25t

D o ............ . . . . . . . . . . . . . . . . . . . .H am burg. . . . . *4 *4 *4 H 4* H

D o ........ . . .c . . . . . . . . . . . . . . . . . . . . .A m sterd a m ... »mnC. 273s-30) 27 i2-30‘ 2712-30; 2 7 ’ a-301 27 ig-30' 2712-30r1'Reval, v. H a m b .d 28128 2315s 23128 23158- “ lag 23128

Do v. H all ,.d . u 64231S8 u 84231',8 1164281*. 8 11642312R 1184sa118 1:10«2S12®B arcelona . . . . „ d . . . . . . . . . . . . . — — . . . .Genoa fl64 901®532 904®532 y04®B32 y04'®b32 y04'®*,32=Trieste, O ctober.^. **32 ®S3 5,s 532 532 632Antwerp, Oot . .a . 13l23-7P4 1s12S-764 13128-'64 13128-76I ia128~7t-4 13l2S-',84Ghent, v . A ntw ’p.d 17If8-9«4 l719R-9«4 17, 8 -9 ,4 1712b_ » s 4 i7128- yR4 17158-904

L i v e r p o o l .— By cable statement of the week’s

from Liverpool we have the follow ing sales, stocks, &c., at that port.

Oct. 25 Nov. 1 Nov. 8

la lee o f the w eek ............oalee 64,000 71,000 60,000Of w h ich exp orters t o o k .. . 2,< 00 1,400 2,900O f w hioh speeu lators took . 2,200 4,100 3,200

sales A m erican..................... 58,000 63,000 51,000Autnal e x p o r t .................... — 7,000 8,000 5,000Forw arded.................................... 68,000 64,000 68,000Total stock—E stim ated........... 887,000 881,000 912,000

O f w h ich A m erican—Estin»’ <3 778,000 768,000 792,000Total Im port o f the w eek ........ 5 ,000 66,000 104,000

O f which A m e r ic a n ............. 45,000 50,000 81,000Amount afloat........................... 171,000 191,000 171,000

Of which A m erican ............... . 165,000 185,000 165,000

8 4 .000 5 ,100 5 ,400

75.000 4 ,000

74.000933.000 79P.OOO

99.00072.000 1

169 .000 160,000'

The tone of the Liverpool market for spots and futures each day of the week ending Nov. 15 and the daily closing prices of spot cotton, have been as follows.

Spot. Saturday M onday. Tuesday. Wed’day Thursday. F riday.

M arket, \ 1:45 P. ai. j Weak. Good

demand. Easier. Active. Easier. Weak.-

vna.upTAs 4133{, 410,2 4 » ig 45S 4910 47i«

S a les .. . . . Spec. & exp.

8,0001,000

12,0001,000

12,0002,000

15,0001,500

15,0002,500

12,0001 ,000

Futures. Market, ?

1:45 r . M. jSaay at 3-64 de­

cline.Steady at 3-134 de­

cline.•Jfcead at

5-64 de­cline.

Steady at 4-64 ad­vance.

Steady h* 3-64 de­cline.

Easy at 1-64 ad vance.

Market, ? 4 P. M. \ Quiet. Steady. Steads. Barely

Hf/BBd * Steady. Steady.

The prices o f futures at Liverpool for each day are given below. Prices are on the basis of Uplands, Low Middling clause, unless otherwise sra'ed.

The prices a re g iven in pence and 64/As. 4 63-64 'L , a n d 5 01 m eans 5 l-64df.

T h us: 4 63 m eans

T o t a l . ..................................................................................................... 170,668Tin particulars of these shipments, arranged in our usual

form, are as follows.£ remen Ant- Spain, Yarm ’th £ H a m - w er p <& I t a l y <fi <t V era

H u ll . H a v r e , bury. R evil. A ustria Ortiz. T o ta l .1,614 oOO 6,514 3 364 l,34u....... 12 ,5 -0 17,947 ....... 5,110

........ 4,628 13,605 .......................... 1,700 .. ........... 6,2oO 5,200 ..... 2,700...................................... 5 850 ................................ 8,900 ........................

Llver-* pool.New York . 9,947 N. Orleans. 22,257 G a lv e s to n .. 22,026Texas City .........Bavnmiau..............C h arleston .................WRmlngt'n JBoeion.. . . Baltimore. PhUadei’a..

........ 2,010

~ ,073 3,t>69 3,506

136. . . 1,590 500

50

“23,459 57.814 42,2 e 9

1,700 14,150

5 .850 15,973

3.719 5,598

136

Nov. 9 to Nov. 15. 12 b2 l

P. M. P. M.

T o ta l----- 63,916 1,644 23,9 8 5 \ 4 5 6 9 ,714 9,200 2,060 170.668Below wp add the clearances this week of vessels carrying

cotton from United States ports, bringing our data down to the latest dates.G a l v e s t o n — To Liverpool—Nov. 8 —Steamer St. Jerom e, 5,558

i —Steamer Governor, 6 ,6 2 3 ... .N o v . 13—Steamer Benoroy,To H avre—Nov, 9 -S team er Blenheim, 4,698. to H am burg-N ov. 11 -S team er Park lands, 6 25.

T exas City to L iverpool—Nov. 8 — Steamer St. Jerom e, 1,500.New Orle an s- T o L iverpool—Nov. 9 —Steamer Inventor, 3,209

J ? ^ 12“ 8toamer Marino, 6,892....Nov. 14-Steamer Jamaican, 0,660.To M anchester—Nov. 1 2 -S team er W ooler, 3,900.To H a vre -N ov . 8—S.eamor Niagara. 3 ,556------ Nov. 9 -S te a m e rJtseurmgo, 8.981.To B rem en- Soy. 13-S toftm er Atnana, 7 ,4 4 7 ... .N o v . 15—Steamer

Alugate. 8,863.To Hamburg -N ov . 14—Steamer Cilurnum, 905.To G en oa -N ov . 9 —Steamer Sir Garnet W olseley, 772,

N o v e m b e r .. N o v .-D e e . . . D e c .-J a n .... Jan .-F eb— F eb .-M ch ... M ch .-A p ril., A p ril-M a y .. M ay-June... J u n e -J u ly . J u ly -A u g ... A ug.-Sept..

■Oct...

S a tu r .

Sept.-

d.4 32 4 32 4 33 4 34 4 34 4 35 4 36 4 38 4 37 4 40 4 37

1:451 4 1:45 4 P.M. P.M. P. M. P.M.

d.4 32 4 32 4 32 4 32 4 33 4 34 4 35 4 36 4 37 4 38 4 37

U lon . ; T i le s .

d.4 32 4 31 4 31

d.4 34 4 34 4 34

4 32 4 35 4 33,4 35

d.4 29 4 29 4 29 4 29 4 30

1:45 4P. M. P. M. P. M. P. M.

4 3414 37,4 314 35 4 38 4 32 4 36 4 39|4 33 4 37 4 40 4 35 4 39 4 41 4 36 4 38 4 4014 35

d.4 27 4 27 4 27 4 27 4 28 4 29 4 30 4 32 4 33 4 34 14 33

W e d . T l i u r s .

1:45

d. d.4 33 4 30 4 32 4 29 4 3214 29 4 3314 30 4 34 4 31 4 35 4 32 4 36 4 33 4 37 4 34 4 38 4 35 4 39 4 36 4 39,4 36

d.4 26 4 26 4 26 4 27 4 28 4 29 4 30 4 31

1:45 4 p. m . P. m .

d.4 25 4 25 4 25 4 25 4 26 4 27 4 28 4 29

4 32 4 30 4 33 4 32 4 33 4 31

F r i .

d.4 21 4 21 4 21 4 21 4 22 4 23 4 24 4 26 4 27 4 23 4 27

d,.4 2 5 4 23 4 23 4 25 4 23 4 24 4 26 4 27 4 28 4 29 4 28

N o t e .—T he forego in g table is n ow given in a m ore con den sed fo rm but covers the sam e in form ation as hereto fore .

B R E A D S T U F F S-.F r i d a y , November 15, 1895,

Business in the market for wheat flour has continued slow during the week uoder review, and prices have been lowered 5 to 10c, per bbl. The weakness was principally in spring- wheat grades, which have been freely offered, but winter- wheat grades have been in light supply and held fairly steady. City mills have sold freely at 10c. decline. Rye flour has been quiet and unchanged. Buckwheat flour has been in slow request and prices have furener declined. Corn meal has sold slowly, and prices have been lowered 5o. per bbl. To-day the market for wheat flour was quiet aud unchanged.

November 16, 1895.] THE CHRONICLE, 883The speculative dealing in the market for wheat futures

have been quiet as the trading has been purely o f a professional character. During the fiisc half o f the week a large cron movement in the Northwest and the unsettled political and financial situations in Europe caused prices to weaken, but subsequently advices received from Europe were reported as showing a btighur political outlook, and this, with predic­tions of a decreased movem-nt of the spring-wheat crop and a better demand in the spot market from shippers, caused part of the loss to be recovered. The sales in the spot market yesterday included No. 1 hard Manitoba at 3@3r4'c. over De cent her f. o. b. afloat aDd No. 2 do. at - , eflc. over December f. o. b. afloat; also No. 1 Manitoba at 2tj'c. under Drcember c. i. f. to Buffalo and No. 2 do. at under December c.i.f. to Buffalo. To-day the market was a trifle higher early in the day on reports of large purchases for export, but later realiz­ing sales and dull foreign advices caused a reaction. The spot market was fairly active, shippers having been the buyers. The sales included choice red winter at Tie. f. o. b. all sat; No. 1 Northern, N. Y . inspection, at l-±c. over December f, o. b. afloat: do., Duluth inspection, at l?g@ lf^c. over December f. o, b, afloat and No, 1 bard spring at 3c. over December f, o. b. afloat.

D t i i r oiosixo paiCE* or s o . 2 b s d w e t t s e w h e a tSat. Hon. Tuts Wed. Thurt Fr

D ecem ber d e liv e r y . . 65% 64% 61% 04 84% 64%J a n u a r y d e liv e r y__ 66% 65 ^ 63% 60 65% 85%M arch d e l iv e r y . . . . . . 67% 61% 68 67%May d e liv e r y ............... 68% 67 •** 6 7 % ' 67% 67 6 7 *J a n e delivery.......... . .* 0 . . . . . 6" % 67% 07% 67%J u ly d e liv e ry___. . . . . ...c. 88% 67% 07*4 67% 67% 67%

The speculation in the market for Indian corn f u t u r e s h a sbeen quiet and early in the week prices weakened with wh-at; later, however, a decreased movement o f the crop in the in­terior owing to unfavorable weather caused a partial re­covery. The spot market has been modern*ely active and prices have been well held. The sales yesterday included No.2 mixed at 3fi34c. in elevator and 37?j<®87V£c, delivered ; No.3 mixed at 35-fc. in elevator and yellow at 87^®3T;i4c. inelevator. To-day the market was dull and slightly lower, in response to weaker advices from the West. The spot market wssquiet. T he sales included No 2 mixed at to ele­vator and over November f. o. b afloat; also No.2 white at SB^c. f. o. b. afloat.

DAD.T CLOBIKO TRICES OF HO. 2 MIXED OOBK.Bat. Mon Tuts. Wed Thun fr.

N ovem ber d e liv e ry ..----£. 35% 30 36% 86% 36PcceffiJi«r d e l iv e r y . . . . . e . 855% 33% 33% 35% 33% 33%Ja n u a r y de liv ery — 35 33 33% 35% 35% 35%M ,y d e ltv r y .............. 33% 31% 35% 38 33% 33%

Oats for future delivery have been dull, and early in the week prices were weaker, but Wednesday and Thursday the market was a trifle stronger with "short*” showing some disposition to cover cool met* stimula td by a falling oil in receipt* owing to wet weather. The spot market ha* been moderately active at steady price*. The sales yesterday in­cluded No. 2 mixed at 23'4c. in elevator and No 2 white at 24?)(C. in elevator. To-day the market was dull and easier in sympathy with the weaker drift to corn. The spot market was moderately active and steady. The sales included No. 3 mixed at 23bfc. in elevator and No, 2 white at 2-1',c. in elevator,

nut.* avomio fate** or so. a m x m o*t».Sai. Mon. Tuts, Wed. Thurt rr . Noremtwrdelivery..,,.e, 23% 2.1 23 23% 2 3 2 3 %

Dseetabvrdelivery...... e. 23% 2<% 23% 33«* ai% 23%May delivery.......— e, 25% 35* 25% 25% 25* 23%

Barley has bet*n in fair demand for the extreme low grilles at steady pries s. Rye has been neglected.

The following are closing quotation* :root?*.

n ta e ......................n tun. #2 1 5 e 2 40 P a te n t, w in te r ............. *3 5 0 o » 3 7SSup erfin e ......................... 2 1 5 » 2 03 C ity m ill* e x t r a s . . . . 3 00Sxtra.So.2 ................. 2 5 o » 2 05 Rye Boar, s a p e r ilo e .. 2 5 u * 3 00Extra.So. 1.............. 2 60a 3 10 BuokwbcM flour .. 135* 1*0C lear* ............................... 2 7 3 * 3 23 , ortl m ag i­s t r a l s h l . ........................ 3.23 * 3 15 W estern . * 0. ... i 45 3 2 50Patent, spring . . . 3 40* 3 75 Brandywine.......... I SS

[W heat floor to aaek* Bella at price* b«!t»w Uio m fo r barrel*, jOB4».

W heat— e. 0- 1 o r a , p * r b a « a — 0. 08prtD«, p«r 6‘J n m W cst'n m ix e d ____ 35 t 3 *Mod wtmeT No. 2 . . 00% 9 66% So. 2 m ix e d ............ 36% a 37%K**l w in te r .............. 62 /* 71 W estern ye llo w .. 3 a 40WhUe.......................... i n * 08 W esters W hite__ 37 ft 4 J

Oat*—M ixed, p er bn. 2 2% e 25 Rye—W h ite .. . ................ 2 3 % « 27 W estern , pe r bush. __ ftNo. 2 m ix e d . . . . . . . 23 - « 24%. S ta te unci J e r s e y . . __ »No. 2 w h ite ............... 2 l* * 9 23% Bari*- y — We*t e r o. . . . 44 ft •47

estate 2-row ed ........ . . . . ftla te a - ro w e * l. .. . . . . . . ft

A osicULTUkaL DePARTMRNT'S REPORT — The Agricultural Department's r* p >rt on in« cereal crops was issued on N .vetn- ber 10. and is given below:

T h . N nviroher return* to tih>- D eparlnisnt <*f Agriculture tuak* the corn crop t i c r » ig « * t In volum e 00 reco rd , w ith a rate of yield , bow- ever, somewhat less tiiet that uidtu.tc-1 by the return* for On uber, instate 3 . t bushels Iwr acre. Tnl* m n t b» regarded a* preliminary ansi not final ostun it.- of ih * y ie ld .

T ’•» rates <if y ie ld by States a re a* fo llo w -: M l ie s FT tM ittsilels, >'rw B sm psM re 40-2 , Verm ont 45 S, Mass icb iw ett* 43-d, Htmde Island siru, C oanasH ent 37 is, New Y o rk 35 0, Mow tm *ef 33 0. P en n sy l­v an ia 33*5, D elaw are 21-0. M ary land 20 8, VTrgtol t 1* 11. Norm Caro- Hh» 14*5, Sontb C a ro lin a 1 1 1 . l ie o rg la 13-0, Ptort l a 1 1 *2, U dram a ‘ '• M ississip p i Ur*, tsm is ian a ts -| , T exas 20*4, Arkansas 2t*3 , T ennessee 28-0, West Y irs t lo l» 24*2, JC .n tao k . 3 f 4 , Ohio 32*d, M ichi­gan 33 « , ln«M tB » 32*8, flttnotx 37*4, W lsnonsio 31%. M luunaota 3t*2 , Iowa 35-1, MHsmarl 3 « y , K ansas 24*3. N ebraska 1 0 -t , 8011th D akota 11-1, North D akota 21*3. M ontana 25 0 . Colorado 20*7. New Mexloo x , - 2 J a r lro n a 38*0, U tah 20*3. tdsho 30*7.*W a«li!o*tou 17*1, Oregon 20 4, C a lifo rn ia 34 5, g en e ra l a v e rag e 2 S I. _ ^3

In th e A tlan tic S ta te s , excep t th ese about m iddle la t itu d e , the y ie ld ap p ea rs to be la r g e an d of h igh q u a lity . In the V irg in ias an d Caro­lin e s . some eo uu ties of P en n sy lv an ia and M ary lan d , th e g re a te r p a r t of the g re a t la k e and Ohio v a lle y s , C a lifo rn ia an d New M exico, r e ­ports a te conflicting, ow ing to the different aetio n of the u n iv e rsa l d routu upon d ifferent s o i ls : r ich ooctoin lau d s g iv in g an abundan t y ie ld , w h ile u p lan d an d c la y t r a c ts a re v e ry short. The whole M issouri b as in repo rts a g re a t fa lliu g off from e a r lie r e s­tim a te s , tbe ex trem e d ry w eath er h av in g c d iverted f a ir prom ise in to a eo m p ara iiv e fa ilu re in N ebraska and ad ­jo in in g S ta te s , w h ile co nsiderab le d am age is aserib ed to un­tim ely fro sts n ea r the Rooky M ountains and a lo n g tb e uortbern border. There a re m an y co m p la in ts of the ch inch b u g and a rm y worm , w h ile the ro ttin g of e a r s by so ak in g sum m er ra iu s has m ade a la rg e p a r t of the crop unm erch an tab le in some iu te r io r S ta te s .

The a v e rag e y ie ld of b u ckw h eat is 2 0 1 bu sh els , a g a in s t 16*1 la s t y e a r .

Tbe a v e rag e y ie ld of po tato es Is 100*7 bushels p e r acre .Tobacco 743 pounds and h a y 1 0 6 tons. The crop of ap p les is

repo rted a s 71*1 p e r c e n t of a fu ll crop.Expo r ts o f Bread stu ffs , P ro visio n s , Cotton a n d

Petroleum.—Th« exports of these articles during tbe month of October, and the ten months, for the past three years have been as follows :

exrpon* ISAS. 1891. 1893.from C. S. Qeto&rr. 10 Month*. October. 10 Month* October. 10 Month*.•ftunntUiu.

Wheat, bush. 6.087.452 53.914,874 7.607,787 69,001.064 0,864,031 95,861,778floor ., .b bis. 1.433.565 11,880,005 1,542,053 13,221,35$ M5M.036 13,795,050Wheat... -bu. 12,538.401 106.024,890 14,547,026 118,497,276 13,420,243 157.939.506Corn...bosh. 7.113.401 40,880,141 699.080 37.170,563 3,735.132 45.100,501

Tot. bosh . 19.06 l.W'j 1*6^55,037 15,246.106 155,676,838 17,165,375 203,040,007VdlUM. 1 * f I * 1

Wb’t tt floor. ®,810.061 73.818,29^ 9.217,009 $4,059,503 10,754.706 132,289.076iToro A meal 2.896,462 20,414,471 439.819 17,635,495 1,812.1*2 22.877,354Hjr« ........... Xr 397 127 4,240

253,806466 619

Oot* & meal 155.918 1.216,900 61.831 402.700 2,647,106ttarloj.......... 360.902 1.058,340 132,875 944,3db 156,629 2,244.766

Br’dstuffs 12.213,333 06.5O*.422 9.861.064 103,942,159 lS.0U,flt£ 160,525,010ProTlsIon* *. lAU7«a2jm.6W .45S 12.636.374 140.$O$,759 12,905,196 130.596. *96Cotton. — a*.8«».« '»| l87,0 '.O .CW 8*).754.5*)e 132 871,932 29,907,612 126,056,944PetroCm.Ac 5,800.514 *4,072,490 3.764,021 32,853, *199 3.705.106 84.332,041

Tot. value 5».fl»W.(rJt iss S.0»>,1 SI 57.009.&65 419.476.179 6«,*28.»35 451.630.491* lo.-iadlos cattle and nog, in a il months and rear*.N or* .—A ll the above flgure* a r e based on tUo m o n th ly p re lim in a ry

return* Issued b y the B u reau of S ta t is t ic s , an d co ver ab o u t 98 p e r c e n t of tbe to ta l ex p o rt* o f b read st iit ls , o il an d p ro v isio ns, an d n e a r ly 100 IK*r cen t of co tton .

The movement of breads'll Its to market as indicated in the statements below is furnished to uh by ihe Statistician of the New York Produce Exchange. W# Hrsi give the receipt* at Weg'ern lake and river porta, arranged go aa to preaen' the comoarative movement for the week ending Nov, 9, 1895, and since August 1. for each of tbe last three veara:

RuekpU at— Four (Vtuat. Op** Oats. Ryt.Obi* 19616. 8 w M 0 lbs r tu th w nm Ki^ib flu 0 »**

Chlraurf......... 81 t 569,667 1,536.3*0 1.058,108 740,480 ,39.770Milwaukee. 127 760 3S7,tOO ft/M 0 SJt.lMO «3V»0O « » . wDuluth .. . . . . 153,910 2,918,696 Hi *887 SI.67#Minneapolis. S.J*7,W0 HI,17 »

Detroit........ 2,550 29.0*4 i« »$; 29.004 19.000Cleveland ... i . m 93,777 6,819 40 699St. Loot*...... 21,070 364,267 159.635 1*0,650 131,455 19 138Peorta... . . . 6.400 20.400 501.8*0 *28.750 Ul.lOt 9,300KanM, City. 810.5^2

Tot.wk.'96. 395,016 8,582.802 2.4-4,761 2,908,458 1.564,188 154.691Same wk,'94. 846,474 8,941,606 1.1S8.716 L37*,900 1,097,800 04,200$ame vrk,1^. *W.-.*T *598,477 2.404,0*7 2.l‘)7.30l l.IWO.MS 85.079•Sines A Of/. X.

1090 4,170.59^ 80.71H.Ufl 34.M11.4H‘i 50.56S.766 I5.2t3 2,809 1,488,3951894 .. . .. 5.170,008 79,133,021 20.3*0.649 3l.3l0.fl73 18,283,478 876,7811898......... 5,040231 70.347 H02 *0.9147 75 47.0 8 013 12.348,255 1.3*8,942Che recfiiore 01 dout .1 . gram at m e seaboard port* for the

week ended Nov, 9, 1895, follow:flouv. iVfua.t. Oom. (MU, Barley Itu*.

Ur*4r*'« 'it— hbi*. bush b’Uh. f'tuh. bush. fnish.New Y ork.............. . 185.075 LIM.ISO :ir ,.V 0 P57.W0 97.500H'«U»n ................ 77.0M 35. J,«7») £76.620 9*0 .........M wtnwi ........ . **.68' 7-V779 8 .570 16 700 *70 ...........

......... 00.107 41.' 3? 1*4.176 8*6,7 22,400 ...........Balttmuxtt .......... 0l.f75 27. »> ^01484 7».201 ............ 0,0UKlchrnoiwl .............. 3 000 27.000 12 >**Q ir.0o>. ............. «o(>Sew Orleans.......... 13.20t 17.400 V44.0O5 ^3.110 ...................... .

T»j ia ! w o «k . . . . . 481.0V4 I .V if i .m i,7<W.-l*i 14*4 000 VV«w?k 1804................... 476 810 l.Ad .821 176.707 701.047

121.720*704,648

0.84413.332

The uoial receipts at p^ri* naraetl in last table from Jan, 1 to Nov. 9 compare as follows for four years:

of—Klonr,Wheat <y>rn. . .Ofttn . tumjr . Kre...

l«95. 1*0*. 1893. 1802....bbl». 14.81 ».<r20 17,725.516 10,8t 5.303 lfl.9l8.07S.hash. 85.790832 51.083 0*0 K4 955,251 111.063 273.. ** *510,025 N9.3M.576 10.061,360 wi.462.ul4.. " 57,732. M 3M.H6H 217 ** *73.830 fd.u71.H0rt.. ** 2.5' 9.12 • 3,617,0 • 0 3,0210.0 4 008,34 6. M 427,870 410,301 1,0311 681 3,0il3.H7l....... ...121.672,201 133.777,0*1 1H5.147.OH0 *50.068 310

’ be exix)na from the several seaboard ports for the week « idirm Nov. 9, 1895, are shown in the annexed statement

K a-porft from*— Whmt, Oom Flout, Urtt* lty<, Plathn»H. bht*. bUSh, bush. bUSh

New York........... .. 719.507 6 J 0.607 71,320 42,681 8.108Bouton ............. 167,665 23,910 6,850Portland ...........Philadelphia ...... .. 8B.f 00 708Bat Urn o re ............ ,, 18,0X1 103.0-7 67.978 37.537 *Now Orleans ...... 2*7,050 265Norfolk .............Newport News ... Montreal........... ..

.. . . . . . . 33.762 '*7.14147.351 16,260 0,650 0 .201

Total week ... . ..1,0.0.291 1,109,892 187,582 95.018—

75.309Same time 18*4... z 151,384 201,70* 10 210 8.657 8*3,724

*84 THE CHRONICLE. [V o l . LX I,

The dwtinalton of theee exports for the week and since Sept. 1, lbSJ'i, is as l > low. We add the totals for the corres- Jonding periods of last year for comparison:

------------ / t o u r . -

«.! time Week _ nci Sept.L 1806.

hbls.1.592,713165.503

-------- iVWeek

hMt.-------- - ----------- UWeek

om .---------- ■Since Sept.

Nop. 9. L 1695. Nov. 9. 1. 1895.bush. bush.

7<vi Him « *63 770 786.433 8.057.6511.868.509 29Z.120 4,776,592

6.100 3.818 137.3325,122 141.933

220 69.7717.997 163,030 21,010 30,410

1,010.293005.14(1

8,271.08110,640.887

1.109.302 13,213,695 151.36* 821.098

The visible nupply of g ra in , com prising Che stocks in g ran a ry A t t h e principal points of accum ulation a t lake and seaboard ports, Nov. 9. 1805, w as as follows:

Wheat, Com, OatJ five. Bar by,In ilort a f— buth. bush. bush. bush. bu s'.

New Y o rk ..................... 731.000 1,510,000 25,000IX' urtoel____ 291.000 30.000 46,000 49.00*6

10,000 110.000 10.000B u ffa lo ...........................

Oo Afloat......... 2.458,o6o 423,000 91.000 286,000 ].4273,000

C h la w o ........... . .Oo a f lo a t ........

19.864.000 1,201,000 437.000 210.000 62.000

M lla a o k e o .................. . 600.000 15.000 75.000 63,00*0

IM iat-k . . . . . . . . . . . . . . .Do a f lo a t ........

259,000 324,000 743,000

Tolaflo ................. . 065,000 326,000 238.000 153.000D e tro it ............. .......... 4*4,000 18,000 39.000 31,000 3.000

60,00017.00016.000 5.000

110.0002,000S t , L ou is....................... . 1,819,000 512,000 17.666

C tis ila n a ti....................... 45.000 44,666 49,000 129,000Boat con............................. . 431,000 264,000 7,000

38.000 11.000 22,000M o n trea l......................... 269,000 1.000 36.000 3,000 7,000P h lla f lc ly l ila .................. 193,000 224,04V' 26-SOOOI 'o jr l a ............................... 101,009

157.00018,000■14.000

410.000 J,0G0

61,000

4.000 2,000K&'i m » C ity ................... 1,319.000 6,000 21,000B al'.im oro ..................... 561,000 292.000 224,000 Sl.uOOM tonoatvolli.................

O n 3dIwalaalppl R iver.14.179.000 485,000 89.000 178,000

On L ake?........................ 2.987.000 654,000 314.000 591,000O n can a l and r i v e r . . . 840.000 208.000 8-d.OOO 421,000

easier attitude on the part of other sellers. Brown ducks and osnaburgs dull and unchanged. Bleached shirtings are in light demand in all grades without change in prices. Bleached cambrics also dull and unchanged. Kid-finished cambrics show an easier tendency and are occasionally % c . lower. Wide sheetings, cotton flannels and blankets are all in limited request at previous prices. Business in coarse colored cottons is dull throughout; leading

is reported. Printed fabrics in wide specialties are in good request for spring, as are shirtings, but nothing doing yet in new light fancy calicoes. Indigo blues, turkey reds, staples, &c., are fi m, with a quietly steady demand. Do metisand napped dress fabrics are selling well, and with more agents opening their lines an improved business is reported in ginghams for spring. Staple ginghams firm but dull. There has been a poor demand for priat cloths and extras at the close are not worth over 3^ c ., or l-16c, lower than a week ago.

S tock o f P r in t O loths—A t P r o v id e n c e , 6 4 s q u a r e s ____A t F a l l R iv e r , 6 4 s q u a r e s _____ .A t F a l l R iv e r , o d d s i z e s .............. ............... 4 6 ,0 0 0

T o ta l N-ov 9.1895.56.937,000 T otal Nut. 2. 1895.62,990,000 T o ta l N or. 1 0 .1«94 81,220.000 T o ta l Nov. 11. 1893.74.067,000 T o ta l Not. 12 1892 67,205.000

4.627.0004.854.0002.688.000 8,042,000

13.113.000

1 8 9 5 . 1 8 9 4 1 8 9 8N ov. 9 . N ov. 10 . X o r . 1 1 ,

.. 8 8 ,0 0 0 4 0 ,0 0 0 2 0 6 ,0 0 0

. 7 ,0 0 0 . 4 6 ,0 0 0

2 5 ,0 0 0 ) 1 0 5 ,0 0 0 \ 2 8 3 ,0 0 0

.1 4 1 ,0 0 0 1 7 0 ,0 0 0 4 8 9 ,0 0 0

5.239.0004.999.0009.064.0004.747.0008.195.000

1,160,0001.064.000

449.000567.000

1.260.000

3,810.0(103.373.0003.993.0003.208.0002.762.000

THE DRY GOODS TRADE.New Y ork , F rid a y , P . M„ November 15, 1895.

T o t a l s t o c k ( p l e o e a i .............................. 1 4 1 ,0 0 0

W oolen Goods. —There has been a good business reported in new heavy-weight overcoatings, of which a considerable number of makes in beavers and kerseys have been put upon the market, some at old prices but others at advances of from 5 to 10 per cent. Kerseys are more generally higher than beavers. In heavy-weight suitings Clay worsteds where opened have been fairly well ordered at the advanced prices noted last week, but in other descriptions there are only a limited number of agents taking orders as yet, and the price situation is indefinite. Light weights for early delivery are showing some improvement in the volume of re-orders but the demand is still regarded as unsatisfactory. Business in cloakings has been without special feature, a quiet demand coming forward at previous prices. Cotton-warp and cotton- mixed goods are dull. Flannels and blankets in quiet reorder request and firm. Carpets are quiet pending new prices by agents; the tendency is upward. Woolen and worsted and mohair dress goods are generally firm, but current business moderate.

F oreign Dry Goods.-

N e w Y o r k t o N o v . I l , 1895.Week. \SinceJan. l.

G reat B r ita in .......... ..Other European...........C h in a ..............In d in ................2111.....................

3*10

..........

4 ,0812,871

44,8463,729

17,9127,883

15,3362,353

10,198

A rab ia...................A frica ............................WoBt Indies__Mexico . .Central A m orica ... Booth A m erica

19637:<

18335

2,18025Otnor C ountries.— 6,408

T otal................China, v ia Vancouvor*. 3,170

529170,58022,370

T otal............ 3.699 192,950

Week.

10412

1,0651

93099

27914

3301,510

864,130

562

4,992

1 8 9 4 <,

Since Jan. 1. ®_____ oQO5,037 V2,996 go

71,026 6,345

20,477 7,170

15,589 1,917 8,793

48,381 3,172

190,903 20,318

211,221

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There has been some development of irregularity in the reported for foreign merchandise outade o f ^ f e w specialdes market s t staple cotton goods this week under the combined in dress fabrics and holiday goods. The demand for spring influence of a continued dull demand and a declining market line3 has been Quiet, but the market is firm for dress goods, for raw material, but so far as the leading makes are con- Undersvear' heavy-.cerntd prices are without material alteration, Southern ° 1manufacturers show the greatest tendency to favor buyers I ,“ I,ortatio,ls an(l W arehouse W ith d ra w a l, o fB r y G oods somewhat, many of them being now in an easier position as Tbe importations and warehouse withdrawals of dry goods

more willing to accept orders than before. Buyers are not year are as follows: often tempted br this, and they seem to think that nothing will be lost whilst something may be gained by waiting before pushing ahead further with goods for the com­ing season. Seasonable cotton dres3 fabrics have been quiet but good orders have been recorded in new spring lines m which there is a firm market with encouraging pros- pects. Print cloths have been inactive all the week, and are practically l-16c. lower. Business in pew heavy-weight woolens and worsteds has been good considering the limited !,Uv rV T l e of overcoatings, and prices average consider- ? b - higher than last season. Reports of the jobbing trade here and elsewhere show that still colder weather is needed to stimulate the distribution of seasonable fabrics. Collec-S a c m r y . S° me lrregularitr but are generally reported

D oiram c Cotton GOODS.-The exports of cotton goods frjm this port for the week ending November 11 wereli 170 packages, valued at $157,203, their destination being to the pomtH specified in the table below: g t0 the

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NOVEMBER It), 1895,] THE CHRONICLE. 885

8 t ;»t e m v C ity D s f A f n m N T ,TERMS OF SUBSCRIPTION.

T he Investors’ Supplement will be furnished without extra charge to ever? auras! subscriber of the Commercial and F inancial Chronicle.

The State and City Supplement will also be fur­nished without extra charge to every subscriber of the Chronicle.

T he Street Railway Supplement will likewise be furnished without extra charge to every subscriber of the Chronicle.

T he Quotation Supplement, issued monthly, will also be furnished without extra charge to every sub­scriber of the Cukonicle.

TERMS for the Chronicle with the fm r Supple­ments above named are Teu Dollars within the C nited States and Twelre Dollars in Europe, wnica iu both cases includes postage.

Terms of Advertising—(P e r inch space.)Onetime_____________ ... S3 SO Fare.- '■(noth* tl3 din***)..#25 0 0One Month i t n u ie e t . . i l 00 I SI* M onths CIS tlme-u . A3 00Two Months (8 t im e * ) .. 18 00 ! Twelve Month* (52 b u ie o .. 58 00

fTtie above term* for one month *o*l »ipwar.-l ere for staWllBt earn*.I

• Bo p u rp o s e o l tut* s ta le a n d C ity D e p a rtm e n tla to furnish our subscriber* with • weekly addition to and continuation of the Stats *iro Crnr Supplement. In other words, with the new facts we shall Rive, tne 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 tn the 8tatb and City Supplement to as near the current date as possible. Hence every Hubstrilier will at all times possess a complete and fresh cyclop;*!,Jia o f information respecting Municipal Debts.

B o n d P r o p o s a ls - a n d A e * o U a t lo u i , -W o hav-aeived through the week the following notices of bonce recently negotiated and bond* offered and to be offeree f«t tale.

Allegheny Va.- -Bond* Authorized.—On November 5th the proposition to issue $409,000 of 1 per cent street improvement coed* received a majority o f the votes cast. None of the securities will 1m- issued, however, until the fall o f 1895, Next spring the city will probably issue $200,000 o f t per cent street bonds which w ere authorized lust Februarv.

Ambler, P a.—Bond Election.—The people o f this municip­ality will probably vote on issuing $1O,O0O of street improve­ment bond*.

Ashland, Ky.—Bond* Defeated.—City Olerk R C. Richard­son reports to the CHRONICLE that the proposition to issue $25,18*0 ol 6 per cent 20-year school bonds, voted on Novem­ber 5, was defeated,

Asbtsbula, Ohio.— Bond* Authorized.— A vote taken No­vember 5 resulted tn favor of issuing bonds for an electric- light plant.

Baltimore. Md.—Bond Election Pemtjxmed.—The question of issuing $500,000 of exposition bonds will not be voted upon by the citizens o f Baltim ire until November, 1890.

Benton County, la ,—Bond* Defeated—A vote taken Nov. 5 on issuing $100,000 of court-house bonds resulted in the de­feat of the proposition.

Bethel, C’Oun.— Bowl Offering. — Bids will be received until Nov. 20 by George H. Hiokok, Warden, for the purchase of $15,000 of* water-works bond*. The loan will bear interest at the rate o f 4 per c**nt, payable April and October, and $5,000 of the principal will mature on each of the dates. Oct. I, 1915, Oct. 1 1920, and Oct. 1. 1925- Both principal and interest wit! he payable at the Importers' & Traders’ National Bank, New York City. .

The present bonded indebtedness of the borough is $35,000. of which $8,000 will mature Sept. 1. 1898, $8,000 on Sept. 1, 1903, and $9,i 00 Sept. 1. 1908. The floating debt of the borough la $25,000; total debt, $50,000, of which $41,100 is for water. The assessed valuation of real and personal property is $998,264; tax rale per $1,000 is $5; estimated actual value of property, $2,000,000.

Brooklyn, N. T.—Bowl* Authorised.— It is reported that $60,000 of bonds have been authorized for water-works in West Brooklyn.

Brown County, 8. II.—Bond» Defeated.—A proposition to issue $40,000 of court-house and jail bonds of this county, recently voted on, was defeated.

Calmar, Iowa—Bond Offering.—Proposals will be received nntil to-day by G. A. Meyer, Town Treasurer, for the pur­

chase of 6 per cent water-works bond, to the amount o f $1,500.

< siubrldg". Mass.—Bond, Offerings—Proposals will be re­ceived until November 10, 1895 by Win. W. Dillinger, City Treasurer, for the purchase of $69,000 of 2)-year building loan bouds, $60,000 of 20-year street construction bonds anu $53,- 000 30-year sewer loan bonds. The securities will be daPd October 1, 1895, and interest at the race of 4 per cent will be payable semi-annually. They will b-issued in registered certificates of $10,090 each or anv multiple thereof.

Camileu City, Penn.—Bonds Proposed. —An ordinance pro­viding for the issuance of $75,000 of park bonds has been sub­mitted to the Common Council.

Cape May. N. 3 .—Bond Offering.—Bids will be received until December 2 for the purchase of $10,090 of 5 per cent bonds, the loan to run 20 years.

C-irrolton. (la.—Bonds Authorized.—Bonds o f this muni­cipality to the amount of $20,000 have been authorized fo r school purpos> s.

Charlottesville. Yu.—Bonds Authorized. —John S. Patton,. Mayor, repor's to the Chronicle that a vote taken November 5 on issuing $142,350 o f nouds resulted in favor of the propo­sition, and that $116,1)00 of the issue is ready for negotia­tion. They are 10-40 year bonds and are to bear interest at a rate not exceeding 5 par cent.

Clebnrne, l ex.—Bonds Proposed.—Bonds of this munici­pality to the amount of $10,000 will probably be issued.

Cromwell, Conn.—Bond Offering.—Proposals will be re­ceived until November 25 for tne purchase of $15,000 of 4 per ceDt 10-20 year bonds.

Dillsbnrgh, Pa.— Bonds Authorized.—Water-works bonds to the amount of $L0,0o0;have been voted.

District o f Columbia Bonds.—Non: Taxable—Judge Ricks of tne United States Circuit Court in Ohio has rendered the decision that District of Columbia bonds are non-taxable. The Judge holds that in as much as the payments of these bonds is guaranteed t*y the United States Government they should he classed with Government securities and are tax exempt.

Durand, M ich.— Bonds Authorized —The people of this town have voted to issue $10,000 of electric-tight bouds.

Elmwood Place, Ohio. —Bonds Proposed.—The proposition to issue $10,000 o f refunding bonds is under consideration.

Elyria, Ohio.—Bond Aries.—City Clerk W. H. Park reports to the C h r o n ic l e that no vole was taken November 5 on the question of issuing b m Is for $10 >,000 to buy out the plant of the local water compauv. as the proposition to sell the same had been previously withdrawn.

There is a project on foot Pi bring water from Lake Erie, eight miles distant, and the citizens of Elyria will probably t>e called upon to vote on an issue of about $200,000 of bonds for this purpose. If tln-.e bonds are authorized th-yr will run from 5 to 25 years.

Ennis, T ex—Bonds Authorized.—Six per cent 20-40-year eater bonds fur $25,IKXI have been approved by the Attorney- General and registered by the State Comptroller.

Evanston, Ohio.—Bond Offering —Proposals will be re ceived until December 7. 1895, bv Win II. Krapp, village clerk, for the purchase of $1,404 09 o f ,6 percent B o w e r bonds, and $3,016 10 of 6 per cent road bonds, or the unpaid re­mainders o f these amounts, due November 23, H95; the own­ers of property benefitted having reserved the right to par the » hole sum in cash before that date. Both loans will he dated December 7, 1895, interest will be payable semi-annually and the principal will mature part yearly in from one to ten years. Principal and interest will be payable at the Atlas National Bank, Cincinnati, Ohio.

Falrrlew , S. I).—Bonds Authorized .—The citizens of this municipality have voted to issue bonds for an artesian will.

Far Kockaway, N. Y.—BonjLi Proposed.— On Nov, 23d an election will be held in the village of Far Roekaway to vote on the question of establishing a sewerage system at a maxi­mum cost.of ’ 5,000, tor which bonds will be issued. The board of trustees have proposed to increase the assessed valuation of the village from $800,000 to $2,400,000 to facili­tate the placing of the bonds. The present assessment is only about 12$£ per cent o f actual value.

Furman. N. D.—Bond Offering. — Proposals will be received until December 2 by F, H, Purdy. Clerk, for the purchase of $5,500 of bonds. The securities will bear interest at the rate of 7 per cent.

Gila County, Arlz,—Bonds not Sold—G. M. Allison, Clerk of the B >ard of Supervisors, reports to tne C h r o n ic l e that $40,000 of 5 per cent 47-year Territorial gold funding bonds offered for sale some time since have not been disposed of. Interest on the securities will be payable semi-annually' at the office of the New York Guaranty & Indemnity Company, or at the office of the Territorial Treasurer, at the option of the purchaser. These bonds are issued in pursuance of an art of the Legislative Assembly of the Territory of Arizona entitled; ‘ 'An act for the relief o f Gila County, and author- £ izing the Territorial Treasurer to exchange Territorial fund­ing bonds for certain warrants.”

Gladwin County, Mich.—Bonds Authorized.—This county will issue $8,000 ot 0 per cent bonds, maturing at the rate of $2,000 yearly in from six to nine years from date,

[V ol. L X I.THE CHRONICLE.

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Ohio,—Bond Election.— The people of Glenville :«tuber 1(1 on issuing $100,000 of bonds.

v y Bond Offering.—It is reported that received until Novemoer 22, 1895, by E. F. Willets, he purchase of $15,874 of 6 per cent paving bonds. Tex. — Bond Ntws.—It is reported that the Texas

•nerul will withdraw his disapproval of the Hous- iviog bonds for $100,000, and that the same will be red with the State Comptroller. Proposals for

the loau were to have been opened last week, but we have as vet received no advice of sale. The securities will boar o per cent interest, payable semi-annually at the omoe of the I'mnn Trust Co. in New York City. The principal will be red. emnble in gold in forty years from date of issue.

Jefferson Couutv, 'Ho—Bond Election— An election will be held in Jefferson County on Dec. 3 to vote on the proposi-

to issue $80,000 of bonds for the erection o f a court house.Johnson County, M o .-B o n d Election.— On November 3

the voters of Johnson County will decide the question of issuing court-house bonds for $50,000.

I mi lata Pa.—Bonds Authorized—X. G. Brubaker, Bor <iugh Treasurer, reports to the Chronicle that a vote taken November 5 on issuing §35,000 of bonds resulted in favor of the proposition.

Kalamazoo, Mich.— Bonds Authorized.— Four per cent electric light bonds to the amount of §40,000 have been voted. The city has no bonded indebtedness.

Lc Sueur, .Himi.—Bond Offering.—It is reported that bids will be received until November 23 by C. L Martin, City Clerk, for the purchase of §30,000 of 5 per cent; water-works and electiic-ligbt bonds.

L itt le V a lley , N. Y.—Bonds Authorized.—Electric-light bonds of this village to the amount of §7,000 have been voted.

M onroeville, Ohio.—Bonds Defeated.— The proposition to issue $35,000 of water-works bonds, voted on November 5, failed to carry. J. F. Henninger, City Clerk, states that indi­cations are that another election will be held soon.

Monnt Clemens, Mich.—Bond News.—J. H. Westendorf, City Treasurer, writes the CH RO N ICLE that nothing has as yet been done in the matter of raidng §100,000 for water-works. It is not probable that the question will be voted on before next spring.

Mount Yernon, Wash.— Bond Election.— The citizens of Mount Vernon will vote November 29 on issuing §14,000 of water-works bonds.

Murfreesboro, Tenn.— Bonds Opposed.—The citizens of Murfreesboro have decided not to vote on the issuance of elec­tric-light bonds for $25,000 which were recently authorized by the Legislature. The bond scheme was very generally opposed.

Newberg, Or eg .—Bond Offering.—Proposals will be re­ceived until December 2 by j . G. Hadley, City Recorder, for the purchase of 5 per cent 20-year water-works bonds to the amount of $15,000.

Ontonagon, Mich.—Bonds Authorized.— Electric-light bonds to the amount of $12,000 have been voted.

Orange, Conn.— Bonds Authorized.— Four per cent 20-year bonds of this municipality to the amount of $100,000 have been authorized.

Oiveusboro, K en.— Bond Election.— The citizens of Owens­boro will vote on issuing $25,000 of electric-light bonds.

Paducah, Ky.—Bonds Defeated.—A vote taken November 5 on issuing $2i)0,000 of water-works bonds resulted in the de- eat of the proposition.

Perry, 0 . T. —Bonds Authorized.— Water-works bonds of this municipality to the amount of $20,000 will soon be offered for sale.

L isbon , N. 1).—Bond Offering.—City Auditor G. H. Davies will receive proposals until December 2, 1895, for $10,000 of 8 per’ cent water-works bonds, to be dated December 2, 1895, and to mature December 2, 1915. Interest will be payable annually on November 1, and both principal and interest will be paid in New York City. These securities were authorized by popular vote at a Bpecial election held on Oct. 22, 1895,

The official notice o f this bond offering will be found among the advertiseinents elsewhere in this Department.

L ou d on , O h io—Bond Sale—The highest bid received on November 8 for the purchase of $15,000 of 6 per cent electric light bonds was that of Seasongood & Mayer, of Cincinnati,0 . , offering a premium of §1,376 25. The next highest bid wii’ that of the Madison National Bank, of London, O., offer­ing a premium of §1,333 31. Nineteen bids in all were re­ceived. The securities are dated Nov. 8, 1895, and will be­come due at the rate of §1,000 yearly from Jan. 1, 1898, to Jan. 1, 1912, payable at the London Exchange Bank, Lou­don. O. The first instalment of interest will be payable July1, 1897. and semi-annually tnereafter.

Bonds Defeated—Tile proposition to issue $40,000 of bonds for the erection of a hall and puolic offices failed to carry at the election held Nov, 5. It was lost by 30 votes.

L o n g Island City, N. Y. -B ond Offering.—City Treasurer Lucie, i Knapp will receive proposals until Nov. 20th for §30,000 of gold bonds for an additional water supply. The securities will bear interest at the rate of per cent and will run for 20 years.

The total bonded debt of the city on October 1, 1895, was $3,327 .000, including water bonds to the amount of §377,000, The sinking funds on the same date amounted to §290,648. l’ rom Jan. 1, 1895, to Oct. 1, 1895, the city treasury receipts were §1.333.838; disbursements, $941,851; cash balance Oct 1 1895, was §392,487.

Vie.City Treasurer’s advertisement o f this bond sale will be found elsewhere in this Department.

Macon, Ga —Bonds Proposed.—A t the present session the Georgia Legislature a bill will be introduced to authori the City of Macon to issue 4% per cent bonds for the purpa of refunding its outstanding indebtedness, which now bea interest at the rate of 5 and 6 per cent.

Mansfield, Ohio.—Bonds Defeated.—The proposition issue a per cent sewer bonds for $40,000 was defeated at t election held on November 5th.

Memph18, Tenn. —Bonds Authorized.—It is reported th lii3 city will issue §1,300,000 of refunding bonds.

unUll1 i lCl! WrW5Inid’~rB? ? dr <¥’r i>lSf,~ Bid3 wil1 be receivt tin'll Dec. 4. 189a, by J o . Lambert, President of the Towm°“ rd of TrU3teef ’ for $10,000 of 6 per cent water-works bond I he securities will be dated Oct. 1, 1895. and will mature Da yearly from October 1, 1900, to April 1, 1910. Interest wi

payable semi-annually at the o ff ic e of the Town Treasure he .own mi no debt at present. Its total U esT eV v X fe

* *1,<03.000 and the present population is about 1.80). Middletown, Ohio.— Bonds Defeated.—F. S Tanze

i I ) O00ofwamrtt tib1 ChROf ' CI'e "V*' th« ff^stion of issuin oair% * ° f er ° ' 9 bonds> on November 5, failed

Philadelphia. Pa .—Popular Loan.—The fact that Phila­delphia lias recently disposed of $1,200,000 o f 3 per cent bonds in small amounts to local investors has encouraged the city authorities to try another popular loan. It is now reported that 3 per cent bonds for $1,000,000 will be offered at par, and subscriptions for $25 or over will be received. Tbe bonds just sold were not issued in denominations of less than $100.

Portsmouth, Ya.—Bond Offering.—Proposals will be re­ceived until November 29 by E, Thompson, Jr., City Clerk, for the purchase of 225,000 of sewer bonds. Interest at the rate of 5 per cent will be payable semi-annually and the prin­cipal will mature in 30 years.

Preston, Minn.— Bonds Authorized.—Electric-light bonds to the amount of $4,500 and water-works bonds to the amount of §13,500 have been voted.

Pueblo County, Colo.—Bonds Authorized.—Refunding bonds to the amount of §354,500 were authorized by the voters of Pueblo County at the November election.

Rochester, P a. —Bonds Authorized.—A loan of $60,000 has been authorized for water-works.

R ockbridge County. Ya.—This county will issue $52,000 of 5 per cent bonds to refund a like amount of 6 per cent railroad-aid bonds. County Treasurer S. R. Moore is said to be of the opinion that a 5 per cent loan, subject to call at any time, can be floated advantageously.

Rome, Ga.—Bonds Proposed. —City Clerk Halsted Smith reports to the Chronicle that a bill authorizing §169,000 of 4J£ per cent 30-year bonds to refund a like amount of securi­ties falling due July 1,1896, has passed both Houses aDd Senate, and will doubtless be approved by the Governor. Interest on the loan will be payable semi-annually. It was erroneously reported that this ordinance provided for the issuance of §300,000 of bonds.

Santa Barbara, Cal.—Bonds Defeated.—An election re­cently held on issuing $60,000 of paving bonds resulted in the defeat of the proposition by a vote of 3 to I.

Saranac Lake, N. Y.—Bond Election.—A vote will be taken November 19 on issuing $10,000 of water-works bonds.

Sauk Rapids, Minn.—Bond Election.—The people of this municipality will soon vote on issuing $25,000 of water-works bonds.

Sedalia, Mo.— Bond Sale Illegal.—The sale of $208,500 of 4% per cent 10 20 year Sedalia bonds has been declared void, as third-class cities of Missouri cannot issue bonds to run longer than ten years. Bonds for the same amount, maturing in ten years, with option of call after five years, will prob­ably be offered.

Shawano, Wis.—Bonds Authorized.—Bridge bonds of this city to the amount of $15,000 have been authorized.

Superior, W is.—Bond Call.—Notice is given by the City Comptroller and Treasurer of Superior, Wis., that $40,909 01 of 6 per cent sewer improvement bonds issued July 1, 1890, and optional in five years from date, are called for payment at the National Bank of Redemption in New York City on or be­fore December 31, 1895, when interest will cease. The bonds called are numbered from 1 to 84.

Taltnage, Neb. Bond Offering,—Bids will be received at any time by Caarles E. Wood, Village Treasurer, for $4,500 of 6 per ceut water-waterbo.ids to mature Oet. 15, 1915, with option of call after Oct, 15, 19J0. L\iImage at present has no indeoteduess of any description. Its total assessed valuation

>*OYEMBER 16, 1895.] THE CHRONICLE. 887is $-15,376. property being assessed at a lout 17 per cent of ac- lual value. The total State, county, city and school tax per 31,000 is 344 37; present population about 600.

Thnma-ville. Wa.— Bow li Authorized .—It is reported that this city will issue improvement bonds to the amount of 133,000.

Trenton, Jticli.—Bonds Proposed.—Water-works bonds of Trenton to the amount o f SlO.UOO will probably be issued.

Westwood. Ohio.— Bond Offering.— Proposals will be re­ceived until December 9, 1895. bv R >bt. A. Armstrong, Village Clerk, for the purchase of 320 000 of 3 p-r cent turnpike bonds. The securi'ies will be for 35'lO each and will mature in 80 years. 8emi-annual interest coupons will be payable at the Atlas National Bank m Cincinnati.

W llk iw horfr, Pa.—Bond Election.—A vote will soon be taken December 17 on issutDg $.‘#5,000 o f street improvement bonds.

Zanesrllle, Ohio.—Bond Bale.—lx. is reported that this city has disposed of $301,000 of 4 per cent 20-tear refunding bonds to E. B . Gay & Co., o f Chicago, the firm to receive a com­mission of ija per cent.

STATE AND CITY DEBT CHANGES.We subj iin reports as to municipal debts received since

the last publication of our S t a t e a n d C i t y S u p p l e m e n t . rgoroe o f th* *e reports are wholly new and others cover items o f information additional to tho>e given in the S u p p l e m e n t and o f interest to investors.

Buffalo. N. Y.—The following statement o f Buffalo’s muni­cipal indebtedness and general financial condition has been corrected to July 1, 1865, the close of the last fiscal year. During the fiscal yearJ894-1893 city bonds to the amount of $1,071,288 were issued Yind $767,501 were retired. Of this total amount retired $2A ,000 were refunded and #492,361 were extinguished.

In connection with hi* report for the year City Comptroller Erastus C. Knight makes the following statement ns a matter o f interest to the holders o f Buffalo securities ; " The statutory limitation regarding the c ity* bonded debt is 10 per cent o f the assessed valuation o f it* real property„ Upon this basis. Buf­falo, having an assessed valuation o f $320,290,690. would lie permitted to bond itself to the amount of $23,029,069. At the present time, however, the bonded debt o f the city, less the amount of linking funds, is $12,024,608 84, hut little mo>e than 50 per cent of the amount permitted by law. The city of Chicago is at present bonded for the full 10 per cent of its as­sessed valuation, and the city of Baltimore, with a population of 450,000, is bonded to the amount of $41,000,1)00.”

Buffalo is in Erie County, and the city** tax valuation is about 5-6 that o f the entire county.

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M on th iv loea l w o rk .. . 1804 32. Bonds yo n P ark s :

P ark ................................ 7do ........ AS....... ............ 7do ............ .1870 7

7do .............................. 1871 7do . . . . . . . . . . ............... .1872 7do __ ______. . ___ ,1873 7do . ______ _______ 7do ................................. . 1 *74 7do __ . 1 *75 7do ................................. .1875 7do ................................ .1*76 6do ............ .................... . 1 *87 3*4do — „ — ............... ,1 *9 0 3*4do ................................ .1*91 3*4do ................................. .1*94 3*4do ................................ .18 *6 3do .............................. .1880 3

A A Oa * oJ A M A J AA AJ A B J A Jr A M A M A J A H A M Ar a a

M A N a A oA A ° F A AA A O

V ar.

A pr, 26 , 1999 Oct. 5, 1897 J u ly l , 1*90

J u ly 15, '95 t<> 1905 Mar. 1996 to 1005

J a n . 1, 1902 A pr. 1, 1920 Ju n e 2 , 1910

S J u ly 1,'BOtolOOl > ($1 4 2 ,8 31 y e a r ly . ]

A ug, 1, 1902 M ay 1, 1903 S e p t 1, 1005 J u ly 1, 1907 S e p t 1, 1910 Nov. 1, 1911

1 A n t i ' f i l l to 1909 ) I *12 ,50 0 y e a r ly , « ( Nuv.l.'UO to 19091 l $7 ,500 yearly . {

Apr. 1. 1912 Aug. 1, 1898 Feb. 1, 1914

< G et-1,'fiOto 1 0 1 5 )#12.51)0 yearly '. V ar. 1895-90

)

A B A J

J u ly J u ly J u ly J a n . J u ly J u l y J a n . B ee. J a n . J a n . J u ly J a n . Feb. J a n . J u ly

J u ly 1, J u l y J u ly

1 , 1915 1 . 1916 1 , 1917 1 , 1918 1 , 1919 1 . 1921 1 . 1923 1 , 1921 1 , 1924 1 , 1925 1 . 1925 1, 1924 1 . 1927 1 . 1925 1 . 1921 1924 A '28 1 , 1910 1 . 1926

$25 ,00C 50.00C 20.000 55.00C

125.000 45 ,500 80.000

115.000 999 ,817100.000 100,000150.000200.000125.000

50.000 162,500

105.000150.000300 .000300 .000250 .000

79.529

100.000 100,000150.000

50.000100.000 100,000

95.000100.000100.000100.000100.000100.000 120,000

50.000 200,000 100,000

50.00030.000

3 , R a il r o a d L o a n s :—©riff, A Jam esto w n KK. 1870 5 F <fc A A n g .25 , 1899

do do ref., 1893 3*4 J A J J a b . 1 , 1013do do ref., 1*93 3*4 F A A Feb. 1 , 1913do do ref . 1893 3*4 J Sc D Ju n e 2 , 1913

Gr do do ref«, 1*95 3*9 A A O O ct 1 , 1915

75.00075.00075 .00075.00077.000

LO ANS— — Interest.— „ ------------Principal.----------- ,NAME AND PURPOSE. Rale. Payable. When Hue. Outsland'g.Buff. N.Y. A P liil. H R.. 1884 4 A & O A pr. 1, 1901 $ 30 ,000Buff. & J a m e s t ’n HR., 1884 -1 M A N Nov. 1, 1902 75 ,000

do do 1885 4 J i J J a n . 1, 1904 75 ,000Buff. N. Y. A P h il. K B .. 1885 4 J A J J a n . 1, 1904 30,000Buff. A Ja m e s t 'n R R „ 1888 3 >-2 A A O Apr. 1 , 1902 75 ,000

do do 1886 3% F A A Fell. 1, 1904 75 ,000do do 1894 3 *s> J A J J u ly 1, 1914 75 ,000

Buff. N.Y. A P h il. RK., 1886 3 4 J A J J a n . 1, 1906 $ 40 ,000do do 1889 3 4 A A O Oct. 2, 1909 100 ,000do do r e t , 1890 3 4 J A J J u ly 1 , 1910 100 ,000do <lo r e t , 1890 3 4 J A D Dee. 1 5 ,1 9 1 0 100 ,000do do r e t , 1891 3 4 J A J J u ly 1 , 1911 100 ,000do do r e t . 1892 3 4 J A J J u ly 1 , 19 12 100 ,000

4. S e w er L o an s :—B ird A venue......................1883 4 M A N M ay 1, 1913 238 ,000Buffalo T run k 1888-90 ........ 3 4 F A ’.obo y e a r ly f } 3 45 '000B a ile y A venue......................... 3 4 J A J J u ly 1, 1918 200 ,000Buffalo T run k ...........1889-90 3 4 F A A A ug. 1, 1919 10,000Buffalo T ru n k ...................1890 3 4 F A A A ug. 1. 1920 5 ,000

6“ ........18S6-'S7 3 F A A l ^ ^ o ^ r l v 6 ! 2 10 '000do .................1887 3 F A A A ug. 1, 1917 5 .000

Babcock A Sen eca S t . 1886 3 M A N M ay 1, 1911 30 ,000do do 3 M A N M ay 1 , 1912 30 ,000

H erte l A ven u e ................ 1887 3 F A A A ug. 1, 1917 200 .0005. Tax Lo an s :

T ax lo an ............................ 1880 4 4 J A D J u n e 2 S .1 9 0 0 200 ,000do ............................1891 4 F A A A ug. 1, 1896 91 ,525do ............................1994 4 F A A A ug. 1, 1898 209 ,176do ........................... 1892 3 4 F A A Aug. 1, 1897 130 ,639do ............................1894 3 4 F A A A ug. 1 5 ,1899 201 ,568do ........................... 1895 3 4 F A A A ug . 1, 1900 359 ,3316. Watek B onds:

W ater ...............................1873 7 M A S Sep t. 1, 1903 200 ,000do ......................... 1874 7 A A O A pr. 1. 1905 100 ,000do ............................1874 7 J A J J u ly 1. 1906 100 ,000do .....................,1 8 74 -75 7 F A A A u g .,1908-09 200 ,000do ..................... . . 1 8 7 4 7 A A O O ct 1, 1908 79 ,380do ............................1876 7 J A J J a n . 1, 1896 50 .000do .............. 1889 7 F A A A ug. 1. 1909 100 ,000do .....................A .1870 6 J A J J u ly 1, 1896 100 ,000do ............................... 187.8 5 M A 8 Sep t. 2, 1998 50 ,000do ....................... 1879 80 5 A A O Apr. 25 , 18119 99 200 ,000do ............................I86 0 4 J A J J u ly 1. 1904 50 .000do ............................... 1880 4 M A S 8epb 1, 1904 100 ,000do ............................... 1880 4 M A N N o v .2 6 .1 8 9 7 64 ,000do ..................... 1*91 4 A A O Apr. 25. 1900 100 ,000do ............................1884 4 A A O Apr. 1, 1901 90 ,000do ................................1891 4 ............. Nov. 1, 1911 lW.OOOdo ............................ * -8 5 3 4 J A J J u ly 1, 1905 100 ,000d» ............................ 1890 3 4 A A O Oct, 1, 1903 100 ,000do ............................... 1917 3 4 M A 9 Mull. 1, 1900 100 ,000do ......................... 1987 3 4 A A O Apr, 1. 1906 50 ,000d « ...........................1899 3 4 .1 A D Ju n e 1, 1902 100 .000do ................................1M«9 3 4 J * D Ju n e 1 5 ,1 9 0 8 57 ,500do ............................ 1899 3 4 J A J Ju n e 15. l u l l 275 .000do ............................ 1898 3 4 J A J Dec. 1, 1909 100 ,000do ............................ 1890 3 4 M A N M ay 1, 1919 225 ,000do ........... 19.89 3 4 A A O Oct. 1, 1909 143 ,000do re fu n d in g ., . . .1 8 9 0 3 4 J A J J A J , 1910 150 ,000d .i do ............. 1891 3 4 J A J J a u . 1, 1911 100 ,000do do . . . . HOI 3 4 F A A Aug. 1, l o l l 50 .000do do ............. 18P2 3 4 A A O Get. 1. 1912 100 ,000do do ............. 1892 3 4 J A D Den. 1. 1912 100 ,000

6° do .........1991 3 4 J A J { J f t f o O O \ 1° ° '000FREEDOM FROM TA X A TIO N .—The Buffalo trun k sew er bonds

are exem pt from c ity tax a tio n .IN T E R E S T -W H E R E P A Y A B L E .-In te re s t on the bonds is p ay ab le

b y C ity C om ptro ller In Buffalo an d b y the G a lla tin N ational B ank In New Y ork, a* fo llo w s :

INTEREST P a TABLR.f a .Wen l or/.' only—

V olunteer re lief, Chicago fire re lie f . Sow er bonds—

H erte l Avenue. Babcock A Sen eea S t B io l Avenue..B a ile y A ve, sc w c t ,

Buffalo C h arter , 1891.

School bonds.Owing bridge.M arket bonus.P lan k road aw ard s. M un ic ip al C ourt b’ ld 'g .

Ip Hu train only— D efic iency loan. M onth ly lo ca l w ork.

In both X. r . A Ruff. Buffalo T run k sew er. C ltv aud C ounty H alLJ P a rk bonds.R ailro ad bonds. R efunding bonds. School bonds.T ax loans

I W ater loan s.T O T A L D E BT, SINKING FU N D S, Et c .—The subjo lued s ta tem en t

show s Buffalo 's to ta l m u n ic ip a l deb t, th e s lu k ln g fund held b y th e o lty a g a in s t the sam e, an d tint w a te r deb t, on each of the date* m en tio n ed .

July 1 .1895 .T o tal bonded d eb t..........# 12,141,109S in k in g fu n d s ................... 416 ,500

Jan. 1 ,1894 . $11 ,526 ,820

348 ,095

Jan. 1 ,1 8 9 2 . $10 ,098 ,399

271 ,539

Net debt...............$12,024,809 $11,178,734 $9,827,860W ater deb t f in d above, # 3,685,882 $3 ,635 ,882 $3 ,430 ,882

The s in k in g funds are all Invested In th e c ity 's ow n bonds.Cl TY P R O P E R T Y . -The city ow n s re a l e -ta to valued at $9 ,815 ,114

personal p rop erty valued a t $ 7 ,0 3 0 ,0 1 1 ; to ta l, $10 ,865 ,125 . This to ta l inc ludes the w ater w ork-, real e s ta te , v a lu ed a t $ 7 6 2 ,8 5 5 and p e r . sonal p ro p erty valued at $6 ,321 ,898 . The to ta l resources o f th e o lty on J u ly 1, 1895, Including the above p ro p erty , w e re figured b y the Comp­tro lle r a t $18 ,630 ,587 and the total l ia b il it ie s a t $ 12 ,800 ,440 , le a v in g $5 ,830 ,147 a s the ex cess o f reso urces o ver lia b il it ie s .

ASSESSED V A LU A TIO N .—The c ity 's assessed v a lu a tio n and ta x ra te h ave been a s fo llow s, . “ A ssessm ent is m ade upon th e no rm al re a l v a lu e .”

.........— ---- Assessed V aluation .---------------- > Rate o f TomTears. Real. Personal. Total. per $1 ,0 00 .1895 ............$ 220 ,290 ,690 $ 14 ,360 ,710 $ 234 ,651 ,100 ...........1894 ............ 2 15 .400 ,430 14 .725 ,975 230 .126 .405 $21-261893 ............ 208 ,665 ,620 13 ,907 .205 222 ,572 ,885 20 '911892............ 183 ,254 ,870 13 ,829 ,910 197 ,084,780 20-061891 ............ 168 ,181 ,880 11,775 ,580 179 ,957 ,400 21-521890............ 151 ,356 ,325 11 ,003 ,125 102 ,359 ,450 2 0 3 41889............ 147 ,108.115 10 ,344 ,455 157 ,512 .570 ...............1888............ 1 23 ,093 .900 0 ,388 ,405 133 ,070 ,805 ...............1880................ 76 ,288 ,208 7 ,622 ,375 83 ,910 ,083 ..........

The o ily t a x proper for 1395 Is 15 '39 per $ 1 ,000 , ag a in st $15 '33 In 1894 and $15-81 in 1893. The c ity r a te for 1893 w as tho h igh est s in ce 1875 , In w h ich y e a r It w as $35-55.

P O P U L A T IO N —In 1890 popu lation w as 2 5 5 ,6 6 4 ; in 1880 It w as 155 ,134 : in 187d ft w as 117,714. Tho popu lation for J a n u a r y , 1895, Is estim ated a t 325 ,000.

s H' THK CHRONICLE. | Vol . LXI.

" District or I'ulit ttiiiu —•'Irn'tii ting the (ate Corporation o f Wothintiton.g—The following statement bus been corrected to < vtiiU r 1, 1886, by means of an official report mace by D N. Motfian. Uiiiud State* Treasurer.

On Julv 1 187$ the duties of the Sinking fund Commis­sioners of the D.strict o f Columbia were transferred to the Trot surer of the United States, and since that date Congress has appropriated annually a sum sufficient to pay not only the Interest on the District’s bonds but also.it is believed, suffi- ei> nt to extinguish the entire debt of the District upon thematurity of the 3‘<J5 per cent loan in 11)24. __ , ,

i O A N S— *— Interest.— . ------------1 rmrt/ntl ——NAME AND PURPOSE. P. 01. PayabU . When Due. OutstaniPg.

I w M & r 3 ;65 F * A Aug. 1, 1924 $14 ,217,1001,623,300

778.000329.000

14,000

571,100

I K e/uad 'g reg. bund* 1891 r 3 le J A *1 July 1, 1901 •ilitu $500 and $1,000 euoli.i Subject to call at any time.

T w tn ty y ’ r fu n d ...l8 7 0 o A r 5 J A J J u ly 1, 1899Water stock ......... 1871 0 7 J A J Oct. 1, 1901

a „ . .. . IS7:t . 7 .1 .V .1 July 1. 1903U R CoKPoinTim . o r W ahiiisotox—

Thirt | year fine I lug 18720 6g M A N Nov. 1, 1902* .T1„, („iti, „ f the United States was pledged to secure the paym ent o f()„ .'..t.-r. -t oa these I'.....Is atal to maintain a sinking fund suMoient to

u them all by maturity. The issue is limited to $15,000,000 and , « , , , , ,„pt from taxation hv Federal. State or m unicipal authority. The........... .. bonds are for $ 5 0 and $500 eaoh, the registered bonds $1,000a n d ''. i .nt it i e a c h . „ . . .

, These imnds have the same guaranty as the 3-65 per cent bonds. IN T E R E ST on the bonds ts paid at the United States Treasury In

Waahlngton and at the Bob Treasury In New York.T O T A L D E B T The subjoined statem ent shows the District s tota l

debt on the dates named. ......ilet. 1. 1 s«t5. Jo » . 1. 1895. Jon , 1,1894. Jon . 1 ,1893.

T.»t r] fund, debt $17,532,000 $17,781,700 $18,191,200 $18,649,900 Oil J iiU 1. 187s. When the duties o f the Sinking Fund Commissioners

of the Di-trii t were transferred to tlio Treasurer o f the United States the total debt was $22,106,650.

ASSESSED V ALU A TIO N —The D istrict's assessed valuation and tax rate atdifferent periods hi have been as fo llo w s :

Personal Real Estate. Property.

.. .$192,555,046 $11,719,308

. . . 191.417,804 11,050,336

. . . 147,024,276 11,927,4341 8 9 0 ..A .............. 141,609,891 11,697,6501888 ................... 115,485,353 11,728,6721 88 5 ..................... 93.491.891 12.715.686

Tear.1894............1893 ............1892 . ..

Total Ass’il. Rate o f Tax Valuation, per $1,000.

$204,274,354202,468,140158,951.710153,307,541127,214,025106,207.577

$15-00

15.0015.0015.00

Indiana.— Below is a sta etn^nt of tne indebtedness, v a lu a ­tion, etc., o f tbe State of I diana, which Q’S been corrected to N't) vein her 1, 18..5, by means of a special rep >rt to the C h r o n ic l e from F. J. Scho>z, Stare er asurer. The $310,000 temporary loan, due March 2, 189(5. will be paid at maturity.

FOREIGN DEBT.LOANS— -----Interest.----- s -----------P rin cip a l.----------- ,

NAME AND PURPOSE- P. Gt. Payable. When Due. Outs land ’as X o lH m d r e f u n d in g ......... r. 3 J & I ) June 18 ,1909 ................... *Stock certificates...................... int. ceased past due

D o Tem porary

D o

D oDoD o

doloan.dodo

dododo

........... r.(refunding)..

(refunding)..

int.3*23*23i2

past due Mcli. 2 , 1896 A pr. 1, 1902 A pr. 1, 1915

$3,905 ,0004 ,1 7 02,145

3 0 0 ,0 0 0 '340 .000585 .000

ceased M A 8A & OA & O

Optional a fter A pr. 1, 1910 3 ^ M & N M ay 1, 18953 A & O A pr. 1, 1899

................... r. 3 M & 8 Sept. 20 ,1899DOMESTIC DEBT— NON-NEGOTIABLE.

H eld b y P urdue U n iversity .. 5 Q.—,J................................Held by Indiana U niversity.. 5 M & N ........................

O P T IO N A L .—The foreign debt bonds are all sub ject to call.IN T E R E S T and principal o f foreign debt bonds are payable at the

office o f W inslow , Lanier & Co., N ew York. Interest on the $340 ,Of 0 d om estic debt bonds is payable at L afayette, Ind.; on the $144 ,000 at B loom ington , Ind.

T O T A L D E B T , E r e .—The fo llow in g statem ent show s Indiana ’s tota l debt, the foreign and dom estic debt, and the annual interest, on the 1st o f N ovem ber for the years indicated.

1895. 1894. 1893. 1892.Foreign debt................ $7,036,615 $7,436,615 $8,006,615 $8,346 ,615D om estic debt............ 484,000 484 ,000 484 ,000 4 8 4 ,00 0

500 .0007 0 0 .00 0700 .000

$ 34 0 ,000144.000

Total debt...............$7,520,615 $7,920,615 $8,490,615 $8,830 ,615Int. on foreign debt........................ $233,525 $251,625 $261 ,825-In t. on dom estic deb t...................... 24,200 24,200 24,200

T ota l annual in t ........................ $257,725 $275 ,825 $282 ,060A SSE SSE D V A L U A T IO N —The fo llow in g table show s the tota l

valuation o f real and personal p roperty and the State tax rate (per $1,000) fo r the years indicated.Years. Valuation. Tax rate. 1894 . $1 ,282 ,753 ,418 ......... $3-011 8 9 3 . . . . 1 ,123,676,767.. 1-201 8 9 1 . . . . 1 ,249,807,S99 .. 1*801 8 8 9 . . . . 843 ,483 ,466 ........ 1*201 8 8 8 . . . . 821 ,512 ,984 ........ 1-201 8 8 7 . . . . 799 ,251 ,773 ........ 1*201 8 8 6 . . . . 739 ,451 ,777 ........ 1*201 8 8 5 . . . . 793 ,526 ,079 ........ 1 -20 ,

The school ta x rate fo r 1893 in acthe above table w as $1*60.

Years. Valuation. Tax rate.1 88 0 ..........$72 8 ,9 4 4 ,2 31 .......... $1*20-1 87 5 .......... 897 ,73 9 ,7 8 3 .......... 1*501870 ......... 6 62 ,283 ,178 .......... 1*501865 .......... 567 ,381 ,553 .......... 2*001860 ......... 455 ,01 1 ,3 7 8 .......... 1*501855 ......... 3 01 ,858 ,474 .......... 2*00-1 85 0 .......... 1 38 ,362 ,085 .......... 2*50-

d ition to the State ta x , as givenin*

N E W LOANS.

C ITY OFLOGANSPORT, IND.

To the Owners of the City of Lognusport, Indiana, liomls:

TAKE NOTICEThat the City o f Logansport, Indiana, has elected

to declare, and does hereby declare, the 175,000 funding bonds of said city, dated December 1,1185, to be due and payable on the first day of December, 1*05, under the terras of the option of prior payment contained in said bonds.

OWNERS of said funding bonds are hereby noti­fied to present their bonds at the banking house of Winslow, Lanier So Company, or at fhe banking houM* of N. W. Harris & Company, No. 15 Wall St., In the City of New York, on said last-named date for payment, interest on said bonds to cease on ajid after December 1,1895.

GEO. P. McKKK,Mayor City of Logansport, Ind.

Attest: John B. W in t e r s , City Clerk.

bonTdsTSharon, l*n.. Refunding.........I,ucn. County. Ohio. Court-House...........t umltriilir.., I’ h io . W/ir.*.- ......... i .Vlinn,I II111,Vlhlo, \VnlorT:............................ 'I ^ 8AMorln, Oregon. (Gold) W ntor ! .............. 5 *K ?r l w o r ih , Toxnn (Gold) W a t e r .” ' . . .\ \ u rn . T o x r n <Gnld>, St. Improvement 15m I uu’ J.'T r 'Lvn ‘‘ ' Ncl'onl and Sew er. . . .5 mAurnr. V *1-, Street I mprovement.......... 5sA u r o ra , I d . R e f u n d i n g ..........Defiance, Ohio. Rounding. .. x“Aadroion. »b la . School .............. ..................Charlevoix, .51 id , ., R e f u n d i n g . ' " " " " j S

roH HALE 1JY

Rudolph Kleybolte So Co.,BANK BUS,

___ CINCINNATI, O.

SCRANTON, PENN A.,PKR CENT

T a x Exempt

SCHOOL BONDS,d u e 1 9 1 9 A N D 1 9 2 0 .

Price and Pat-ticuinrs rroni

N. W. HARRIS & CO..BANKERS,

1 * H A I . L H T R E K T , - N E W Y O R K .

NEW LOANS$ 10,000

CITY of LISBON, N.D.,0% WATER WORKS BONDS

Nofcloe Is hereby given that the City Council o f the City o f Lisbon, Ransom County, N. D., will, on the 8d day o f December, 1895, at 7:30 P. M. receive and oonsider bids for the sale o f bonds o f said City in the sum of ten thousand dollars ($10,000), issued for the purpose of establishing Water-Works in said City, in accordance with the vote taken at a special election held in said City on the 22d day o f Octeber 1896.

Said bonds to be issued in denominations to suit the purchaser, to be dated December 2d, 1895, paya­ble 20 years after date, with interest at the rate o f 6 per cent per annum, payable on the 1st day o f No­vember of each yoar. Principal and interest to be paid In New York.

Bids for the whole issue or any part thereof will be considered. Right to reject any or all bids is re­served. Bids sent to the Auditor should he inclosed in sealed envelopes.

Done by order o f the City Council o f the City of Lisbon, N. D. G. H. DAVIES,___ ________ City Auditor.

$ 3 0 ,0 0 0LONG ISLAND CITY

WATER BONDS.F in a n c e D e p a r t m e n t , >

L ong Is l a n d Ci t y Ci t y H a l l , > October 31st, 1895. S

<’ ?ovalTd proP«sals for the purchase o f $30,000 Gold wVV, , \£nd Ctty m per cent twenty-year

Bonds, issued under Section 2 Chapter TaLnuor1 rn tand as amended by Chapter 759 orthe ntiw b,° reSeived l)y the undersigned at thisVLto '^dnesday noon, November 20fch, 1895, when the same will be opened publicly.t h« a*ny, and a11 bids deemed not inthe inteiest of this city is reserved.

TV LUCIEN KNAPP,City Treasurer and Receiver ot Long Island City.

M O R T G A G E L O A N S

T E X A S .Interest 7 Per Cent Net.

NO COMMISSIONS charged borrower or lendeT unwi loans have proven good.

F R A N C I S S M I T H & C O ,.SAN ANTONFO, T E X A S .

NEW LOANS.

MUNICIPAL BONDS

FOR INVESTMENT.

P A R T I C U L A R S UPON A P P L I C A T I O N *

HSMBBR8 OF THK ..NEW YORE AND BOSTOH* STOCK EXCHANGE?.

DEALERS IN COMMERCIAL PAPBB.

Blake Brothers & Co*,.a s S T A T E S T R E E T , BO ST O N .

3 N A S S A U S T . , N E W Y O R K .

CITY OF ELMIRABONDS,

Exempt from State and Municipal Taxation .

FOR SALK BY

DANIEL A. MORAN &■48 W A L L S T R E E T .

(Bank of N. Y . Building).

CO.,

M U N IC I P A L AND R A I L R O A D

BONDSAnd all I.ocal Securities Bought and S o ld .

NEW rO R K BRO O KLYN AND JER SEY C IT Y BO NDS A S P E C IA L T Y .

w. E. R. SM ITH ,16 B R O A D S T R E E T , N E W Y O R K .

November 16, 1895.] THE CHRONICLE. 889S au F r a n c is c o , C a l.— Adolph S u tro , Mayor. This state­

ment regarding the financial condition of the City of San Francisco has been corrected to July 1, 1895, by means of a special report to the Chronicle from John A. Russell, City Clerk.

San Francisco is in San Francisco County, and th e financial statement given below is for both county and city. During the fiscal year ending June 39, 1895, the amount o f bonds re­deemed was $331,000.

When Due.LOANS-C r r r H a m . B o n u s—

« « . , JJcJ. ¥ 121 .500 .. . J u ly 1 Sub jec t to ea ll.

J udgment Bonds—7 k. , AAO. ¥ 1,000........ Oct. 1, 1837

.1 8 9 9

LOANS— When Due.Old Claim s—

6g„ J A J . $ 1 ,5 0 0 ........ J a n . 1, 1888P a rk Bonds—

Ok. ..T A J,$ 2 2 5 ,0 0 0 . . . . J u ly 1, IS 97 6g .. AAO, 2 5 0 .0 0 0 . . . .A pr. 1, 1901

Spread bonds made payable by statute from taxes an lands benefited: M ontgom ery A venue bonds have been d ec la red n u ll and void.D upont S tree t bonds, 7s, am ount o u ts tan d in g ............................... $721 .000

A recen t dec ision of the Cm to l s ta te * Suprem e Court e stab lish ed the v a lid ity of the D upont S tre e t bonds, w h ich had been In lit ig a tio n , but su b seq u en t lit ig a tio n a s to th e v a lid ity of the tax: le v ie s !* now pend in g tn the co urts . S in ce J u l y 1 ,1 8 9 1 , p aym en ts of the ta x e s nu accoun t of the Dupont S tree t w id en in g h av e been m ade, of w h ich a la rg e propor­t io n was p a id u n d er p ro test, s u it s b e in g in s titu ted b y the p a rtie s p ay in g to reco ver the sam e «}n th e ground of I l le g a lity of th e t a x lev ies. From p ay m en ts no t m ad e un d er p ro te st bonds h av e been red eem id d a r in g the la s t f lsc a l ye a r .

PAR VALUE OF BO N D S—The bond* of th is c ity a r e for $1 ,000 an d $500 .

INTEREST is p ayab le In go ld in San F ran cisco .TOTAL DEBT, SINKING FUNDS, Etc.—The subjo ined sta tem en t

show * San F ran cisco ’* ro ta ! funded deb t an d the s in k in g fund held by th e c it y a g a in s t the sam e on the i ir s t of J u ly of each o f the la s t four year*.

, , . 1895s 1891. 1893. 1892.T o ta l bonded d eb t.......... $ 5 9 9 ,0 0 0 $93 0 ,0 00 $1 ,010 ,970 $1 ,120 ,000S in k in g fund*.................... 301 ,204 009 .129 005 .00 0 017 .022

Net d eb t OB J u l y 1. $ 237 ,796 $200 ,871 $375 ,970 '#502,978TAX FREE.—A ll bonds of th is c ity a r e ex em p t from tax a tio n .

CITY P R O P E R T Y .—The fo llow ing is a desc rip tio n of th e p ro p e r ty ow ned b y th e C ity an d C ounty of S an F ran c isco , a s tran sm itte d to the S ta te C on tro ller b y d irec tio n of the B o ard of S u p erv iso rs on October 16, 1895.P a rk re serv a tio n s and p ub lic sq u a re s ...............................................$ 10 ,000 ,000F ire dep artm en t, lo ts and Im provem ents....................................... 1 ,300 ,000C ity h a lls , coun ty ja i l* , ho sp ita ls , a lm shouses, H ouse of

C orrection, In d u str ia l School, lo ts an d im provem ent.*___ 7 ,500 ,000C em etery re se rv a tio n ................................................................................. 050 ,000Su n d ry lo t s ............................ ._........................................................................ 260 ,000C hannel-S treet lo ts from N inth to E igh teen th s tre e ts ............ 150 .000School lot*, im provem ents, l ib ra r ie s , fu rn itu re , «fco................. 5 ,140 ,257

T o ta l.............................................................................................................. $25 ,000 ,257A SSE SSE D V A LU A TIO N .—The fo llow ing ta b le g ives the assessed

va lu a tio n of r e a l e s ta te an d p erso n a l p ro p erty and th e to ta l t a x r a te (per $ 1 ,000) for the y e a r s in d ica ted .

-Assessed ValurUian.------------------- Total Tax MateTears. Meal.189D--90 . $265 ,031 ,325 1894-’9 5 . . 261 .809 .115

276 ,457 ,420 277 ,316 ,008 2 U .5 1 2 .iU l 235 ,361 ,768 211 ,119 ,410 211 ,407 ,987 191 ,618,454 175 ,409,145 192 ,813.592 164 .495,883 166 ,429,815 162 ,466 ,177

69 .776 .603 47 ,345 ,973

1 8 9 3 -9 4 .. 1892-93.. 1 8 9 1 -9 2 . 1890 --91 .. 18S9--90.. 1888--89.. 1867--88.. 1 8 3 6 -8 7 .. 1385--86 . 1884--85 .. 1 879 --80 .. 1 8 7 4 -7 5 .. 1869--70 . 1864--65 . 1 8 6 1 -6 2 ..

Personal.$62 ,814 ,017

63,299 ,903 66 .186 ,759 68 ,881 ,698 67 ,050 ,749 66 ,082 .372 64,920 ,995 61,921 ,629 60 ,127 ,057 51,741 ,864 61 .482 ,367 59 ,013 ,672 51 ,057 .229

101 ,763 ,26744.032 ,90733,851 ,652

Total. per 31 ,000 .$327 ,845 ,342

325 ,109 ,018 312 ,641 ,179 346 ,224 ,706 311 ,563 ,389 301 ,4 11.140 306 .040 .405 273 ,389 .016 251 ,746 ,111 280 ,131 .009 254 .325 ,959 223 .309 ,560 217 .187 ,074 264 ,229 ,444 114 ,759 .510

83.197 .725 41 .870 .811

$22-5014-9310-0614-3414- 70 10-10 17-2215- 71 1 7-35 15-71 15-92 15-7719- 9520- 99 30-80 29-80 28-70

The ta x ra te for c ity an d co un ty purposes for 1895-96 w as $15-65 an d fo r S ta te purpose* 36-85 per $1 ,0 00 v a lu a t io n of r e a l an d p ersona l p ro p erty .

The am ount of ta x e s lev ied in 1895-96 for C ity a n d co un ty purpose* (exc lu siv e of ra ilro ad s ae*e*»ed by the S ta te B o ard of E q u a liz a t io n , $226 ,760 ) w a* $ 5 ,1 3 0 ,7 9 0 ; for S ta te p u rpo ses w as $2 ,2 15 ,7 4 1 : to ta l am ount of tax e s , $7 ,376 ,521 . The estim a ted reven u e for c i t y and county purposes from o th er source- th an tax a t io n wa* $1 ,380 ,000 .

PO PULATIO N in 1890 wjis 298*007; La 1880 i t wrw 2 3 3 ,0 5 9 ; in 1870 It wins 140*173. For 1800 th e p o p u latio n is e a t i in a te J a t 330 ,000 .

NEW LOANS NEW LOANS.

New Municipal Loans

g 1 0 0 ,0 0 0 T a co m a , W a s h ........... ...............5»1 0 0 ,0 0 0 S an A n t o n l o , T * x . , , , , ._g «0 0 ,0 0 0 T ow n o f O r t la n d T iU e , X . Y „ 4s •10,000 C a m b r id g e , M a ss ....................... 4s

F a l l p a r t ic u la r * nt th e a b o v e an d 1IM a l o th e r hood* a d o re d on a p p l ic a t io n .

Farson, Leach & Co.,C H IC A G O ._________ 2 W A L E S T ,, Si, t .

MUNICIPAL

BONDS.

Street, Wykes & C o.,4 4 W A I .I . H TRE K T . - H EW VO U K

MUNICIPAL BONDS.

E, C. Stanwood & C o.,B A N K E R S,

121 Devonshire Street,

BOSTON.

EIBTW 8 KNTH PON A P P L IC A T IO N .

W . N . Coler & C o.,

B A N K E R S ,

M U N IC IP A L BONDS.

WHANN& SCHLESINGER,Mb

MUNICIPAL

BONDS.a W A D I , S T R E E T , N E W F O R K .

W. J. Hayes & Sons,R A N K E R S ,

Dealers In MUNICIPAL BONDS,Wr*«t Railway Roods, sod other high gT»d» In-

BOSTON, Mhtm- C le v e la n d , O hio.T Rsohangs Fine*. 3 11 *31 .1 “ n p v r lo r « t

debts AMras. " JTB.V.VSTff."

WARRANTS iS to*? t at**IN ..

34 NASSAU STREET.

C. H. Van Buren & Co.,B A K E R S AND B R O K R S .

62 BROADW AY, N E W YORK.STOCKS, - B O W S ,

And High- Grade Investment Securities.Circular Letter. Including Hat o f selected Bonds,

__________ Mailed Free*_____________

Tames N. Brown & Co.,J HANKERS,6 2 C e d a r S t r e e t , __ - NEW Y O R K .

MUNICIPAL, COUNTY, SCHOOL AND TOWNSHIP BONDS

B O U G H T A D S O L D .

B en w e l l & E v e r it t ,S c h e rm e rh o rn B u ild in g , 6 W A L L 8 T ,

MUNICIPAL ISSUES IN THE STATES OFN E W Y O R K & N E W J E R S E Y

A SPECIALTY.

MISCELLANEOUS.$ 125,000

Rapid Transit Ferry Co.I New York-Staten Island)

5 1’er Cent First Mortgage Hold BondsI n te r e e t P a y a b le M a y an d N ovem ber.

8-.13.oao p a y a b le J a n u a r y , 1N 97, IM IS , 1 8 9 9 ,1 9 0 0 , 1 9 0 1 .

CAPITAL STOCK, *1,000,000no.VDKD DKBT, OSO.OOOANNUAL 1.NTEHB8T CHABOES. 32.MM

IMS, 1MW. ISM.Net carningv.4l02.ceoi 28 *iu.-jt7 r.t *128.072 30

P i ic e to n e t 4N p e r c e n t .S p e c ia l C i r c u la r on A p p lic a t io n .

C. H. W hite & C o.,BANKERS,

72 B R O A D W A Y . N E W Y O R K .

1850. 1895,The United States Life

Insurance Co.IN T U B C IT Y OF NKW Y O R K .

ThU old and^rellable Company now ha* the exper* lenee of forty-live years of praottcal Life Insurance, which h u taught it that the slur qua non of suecens U the adoption of good plans of Insurance, and the pursuit of a liberal policy towards noth It* Insured and It* Agent*. These essentials It. possesses In an eminent degroe. but Judiciously tempered by that conservatism which la the best posslblo safeguard of the policy-holder. It* contract* are Incontestable after two year*. They are non-forfeltlng, providing generally for either paid-up policy or extended In­surance. a t the option of the policy-holder. It gives ten days of graco in payment of all premiums. Its course during the past forty-tive years abundantly demonstrates Its absolute security.A ctive a n d su cces s fu l A g en ts , w is h in g to rep ­

resen t th is C o m p a n y , m a y co m m u n ica te w ith the P res id en t a t th e H o m e Office,

idfll B ro a d w a y , N ew Y ork ,

OFFICERSG EO RG E If . B U R F 0 1 U ) .................. P re a ld e n tC. P. FKALKIOIJ.................................................SecretaryA. WHEELWRIGHT...................Assistant SecretaryWM. T. STAN DEN.................................................ActuaryARTHUR C. PERRY............................................. CashierJOHN P.MUNN................... ............... Medical Director

FINANCE COMMITTEE:.: : : ...I:r“ Cbom:.

890 THE CHRONICLE. [V o l . L X I,

(fa uatliait Banks. ISaufejerB and ;Urobjeus in fjcnr ©iig.

Bank o f Montreal.t KhTA UI.IfUIKD

C A IM T A I . l*« ld In .......... $ 1 2 ,0 0 0 ,0 0 0 G o ld6 D R P L U H ................ •6 * 0 0 0 ,0 0 0 (ilold

I lfc A U O F F I C E , M O N T R E A L .HON. S ir DON VI.n A. SM IT H . P re s id en t.

K. H. ClAH'STON. General Manager.*VKir YUIIK OFFICE,

N o* . o\) m itt Gl W A I i l i S T R E E T .W a l t k u W a t s o n . I A conta . H. Y. IlRIimCK, )

Iluy am ! -e ll S te r lin g m id C on tinen tal E xchange and Cable T ran sfer* ; g ran t Com m ercial and T ra v ­eler* ' «T v .iii-. a v a ilab le In an y part o f th e world

d ra ft* on and m ake co llection s In Chicago and th roughou t tlio Dominion o f Canada.

L o n d o n O ffice , N o. 2 2 A b c l iu r c l i L a n e . A l . K X 'K L .V N G , M a n a g e r .

Merchants’ Bank of CanadaC ap lcn l S to ck P n ld u p ................... $ 6 ,0 0 0 ,0 0 0I le a e rv e F u u d ............ .......................... S JI,0 0 0 ,0 0 0

Henry Hagne and John B. Harris, Jr.a g e n t s

52-W 1 1.1,1AM S T R E E T , NEW Y O R K .m : V AN)) SE L L STE RLIN G EXCHANGE, C A B L E

T R A N B F B B S. ETC.lsMio C om m ercial C red its, a v a ilab le in a l l p a r ts of

th e W- rld . C orrespondents o f th e B an k o f B rit ish Colum bia, San F rancisco , Port land .T aco ina & S e a t t le .

Imperial Bank of Canada.CA I 'lT t l , (p a id u p )........................ S I , 96 -2 ,370s i 'R I ' l . l ' S ............................................. 1 ,1 5 6 ,1 7 5II S. H OW LAND. Prps't. T. It. M ERRITT, Y icc-P .

D, II. W ILK IE , Cashier.HEAD O FFIC E , TORONTO.

Br a n c h e s in On t a r io .—Essex , F ergu s , G alt, Im rersoll. N iagara F alls , P o rt C olborae. S t. C a th ­ar in es , S t. T hom as, S au lt S te M arie , W e llan d , W ood­stock, B a t P o rtag e .

T oronto .—W e llin g to n S tre e t Y onge and Queen S ts ., Yonge and B loor S ts .

B r a n c h e s in No r t h w e s t .—W inn ipeg , B randon , C a lga ry , P o rtage la P ra ir ie , P r in ce A lb e rt, Edm on­ton.

A gen ts in London, I A g en ts in New Y ork ,Lloyd*.* Bunk. Limited. I b a n k of Mo n t r e a l .Collections prom ptly m ad e in an y p a r t of C anada.

D ra w e rs o f S t e r l in g E xch an ge ,

Canadian Bank of CommerceC a p ita l and S u rp lu s , - - $ 7 ,2 0 0 ,0 0 0

HEAD O FFIC E , TORONTO.Alex. Laird and Win. Gray, Agents,

1 6 EXCHANGE PE A C E , N EW Y O R K .TniTclers’ Letters of Credit

a v n ilu b le In a l l p a r t s o f th e W o r ld on th eBANK OF SCOTLAND, LONDON.

AGENCY OF THE

B a n kOF

B ritish N o rth A merica,N o . 5 2 W A L L S T R E E T .

B ay and se ll s te r lin g E xchange an d C ab le Prans- f- sue dem and d ra fts .o n Sco tlan d an d Ire lan d ; a lso on C anada and San F rancisco .

C l I t C ! ' L A I t N O T h g issu ed in pounds S te r ­lin g . a v a ilab le in a ll p a rts o f th e w orld .

COIMI KRCIA L C R E D IT S ISSUED foruae in Europe. Chinn, J a p a n . E a st an d W e s t In d ies and th e B raz ils , Itlv er P la te , A u s tra lia , etc .

001- v«.lie-ted and o th e r b an k in g business trans- W . LAW SO N , \ .F. B R O W N FIE LD ,/ ^

Jfittatucial.

Hong Kong & ShanghaiH A N K IN G (IO R P O H A T IO S .

P aid -up CnplUil................................................... $10,000,000 00R eserve h u x l ...................................................... 5,500 000 00K esp n c I .lab ility o f P ro p rie to rs .............. 10,000,000 00

TIi.. f 'o rpom ti™ Rrant D rafts, is su e L e t te r s o f f tm 'lit .I " r use o f tra v e le rs , and n eg o tia te Or co llect r i l l s pnyal>li a t Bom bay, C a lcu tta , S ingapore ,

M iu iillij. Hong K ong, Foochow , A m oy, Nmgpo, s in m g iia l, H ankow , Y okoham a, H iogo Sail F rancisco an d London. ’ ■

A ■ 11 • ■FOYVNNEND, A g e n t , 5 0 W a l l S t.

W . IL Goadby & Co.,H A N K U K S A N D I 1 R O K K R S ,

N o . 2 4 B K O A D S T R E E T ,

N e w Y o r k .

H. I. Judson & C o.,B R O K E R S .

Standard Oil Trust, iVagnor F.alace Car Co.,

American Dank Note Co., Michigan-Peninsular Car Co.,

Long Island Traction,Street Hallway's & Traction’s Stocks,

IN D U ST R IA L S ,A nd a ll M isce llan eo u s S e c u r it ie s a S p ec ia lty .

Continental Bank Bldg., 7 Nassau St.,N E W Y O R K .

B . I. JUD SO N, ? M em bers N ew Y o rk Sto ck W. 11. BURG ER, ) E x ch an g e .

W ood, Huestis & C o.,31 Pine Street, New York City

C O M M IS S IO N B R O K E R S ,AND DEALERS IN

I N V E S T M E N T S E C U R I T I E S .C. H. HUESTIS,

(Member N. Y. Stock Exohange.) L. M, SWAN,E. H. LADD, J r .,

General Partners.0. D. WOOD, Special Partner.

John H. Davis & C o.,J BANKERS AND BROKERS,

No. JO W A L L S T ., N E W Y O R K .O rders fo r S tocks a n d B onds e x e c u te d a t a l l E x ­

changes. E specia l a t te n t io n g iv e n to su p p ly in g h igh -c lass

INVESTM ENT S E C U R IT IE S .

HOLMES & CO.,6 1 B r o a d w a y , N ew Y o r k .

M E M BERS OF T H E N. Y . STOCK EXCHANGE*

R ece iv e A ccoun ts a n d D eposits o f F irm s , In d i v id u a ls , e tc ., and a llow in te r e s t on d a i ly b a la n ce s .

B u y and se ll fo r cash o r c a r r y on m arg in a t lo w est r a te s o f in te re s t on th e N ew Y o rk , P h ila d e lp h ia , B oston and Chicago S to ck E xch an g e s , S to ck s , B onds, G rain , Cotton, e tc .

BRAN CH O FFICE : H O FFM A N H O U SE .

D ick Brothers & Rea,10 WALL STREET, NEW YORK.

Quotations furnished for Pennsylvania RR. Stock, Metropolitan Traction, Lehigh V alley RR. and other Philadelphia stocks.

Private Wire to Philadelphia,Specialty of Philadelphia Securities.

Telephone No. 1289 Cortland.

Parkinson & Burr,BANKERS AND BROKERS,

6 6 B R O A D W A Y , - N E W Y O R K . BOSTON O F F IC E , 5 3 S T A T E S T .

Members of the New York and Boston Stock EJx- changes. Private wire between the two offices.

Information given in regard to a ll Boston securities and quotations furnished.

H e n r y G. Ca m p b e l l , m e m b e r s N. Y . Stock J . B orden H a r r im a n , v E xch an ge .

H. G. Campbell & Co.,B A N K E R S AND B R O K E R S ,

0 N ew S t r e e t a n d 7 4 B r o a d w a y ,N EW Y O RK .

INVESTMENT BONDS A SPECIALTY

Rolston & Bass,STOCKS, BONDS AND MISCELLANEOUS

SECURITIES.2 0 B r o a d S t r e e t ,W. H. ROL8TON,

W. ALEX. BASS, J r ., Members N. Y. Stock Ex.

EDWIN S. HOOLEY.N E W Y O R K ,P. O Box 2,966.

C h a r l e s A . M a c y , ,Tr . , F r a n c is H . M a c y , J r . M em ber N . Y . S to c k E x . WlI/LIAM H e r b e r t .

Macy Brothers & Herbert,b a n k e r s a n d b r o k e r s .

No. ii Pine Street, New York

R. A . Lancaster & C o .,BAN KERS,

Mo. 10 W A L L S T R E E T , N E W Y O R K .

D E A L E R S IN

INVESTMENT and MISCELLANEOUSSECURITIES.

Southern Securities a Specially.

L o n g d is ta n c e T e le p h o n e : C ab le A d d re s s :**114: CORTLANHT.” “ RODKUATION, N. Y .”

Haight & Freese,Bankers & Commission Stock Brokers,

5 3 B R O A D W A Y , N E W Y O R K .8 5 S T A T E S T R E E T , BO STO N .

STOCKS, B O N D * AND G R A INB o u g h t a n d So ld a t 1-16 Com m ission .

S p e c ia l a t te n t io n g iv e n to o u t-o f- to w n a c ­co u n ts .

T R A N SA C T A G E N E R A L BA N K IN G AN D STOCK EXCH AN G E B U SIN E SS .

INVESTMENT BONDS.A ccou n ts o f B anks, B a n k e rs an d In d iv id u a ls

re c e iv e d on fa v o ra b le te rm s. N A TIO N A L B A N K R E F E R E N C E S FU R N ISH E D . U PTO W N O F F IC E . 1 1 3 2 B R O A D W A Y .

Fred. H . Smith,N o . 8 B R O A B S T R E E T , N E W Y O R K

STOCKS AND BONDS.MARGI N A C C O U N T S S O L I C I T E D ,

INTEREST ALLOWED ON BALANCES. Market Letter on Application. Correspondence

Invited. Established 1868.A ll classes of Unlisted Securities aud Traction

Stocks Bought and Sold.

Gilman, Son & C o.,BANKERS,

N o . 6 2 C E D A R S T R E E T ,

in addition to a General Banking Business, B uj auu 8ell Government Bonds and Investment Se­curities.

J. B. Skehan & C o.,SU CCE SSO RS TO

DIARQTJAND, SK E H A N «fc CO .,B an k ers and B rokers,

IN VESTM EN T BONES A N E STOCKS. M em b e rs o f tb e N. A'. S to c k E x c h a n g e .

16 BRO AD ST R E E T , N E W YO RK.

HENRY E. M O NTG O M ERY,B R O K E R ,

24 N ew S t r e e t , N ew Y o rk S T O C K S . B O N D S AND G R A IN

B o u gh t an d S o ld fo r C ash o r o n M arg in a t 1-16 C om m ission .

C orrespo ndence S o lic ited .

Simon Borg & C o.,N o . 2 0 N A S S A U S T . , N E W Y O R K .

DEALERS IN ALL KINDS O*

Railroad and Investment Securities,0OTTTHKRN SECURITIES A SPECIALTY.

W m . M . H a r r im a n , M em b er N. Y. S to ck E x c h a n g e . Ol i v e r H a r r i m a n , J r . Nic h o l a s F i s h , S p e c ia l.

Harriman & Co.,E Q U IT A B L E B U IL D IN G , N E W Y O R K ,

BANKERS AND BROKERS.T ra n sa c t # * & e n e ra l B a n k in g a n d S to ck E x ch a n g e

B u sin ess .

T H E C I T Y B A N K ,B U F F A LO , N. Y.

C a p i t a l , $ 3 0 0 ,0 0 0 . S u r p lu s , $ 1 5 0 * 0 0 0 D ep o s its , $ 2 ,0 0 0 ,0 0 0 .

S p e c ia l A tte n t io n to B u ffa lo a n d W e s te r n N ew Y o r k C o lle c t io n s .

C o lle c t io n D e p a r tm e n t u n d e r p e r s o n a l S u p e r v is io n of o ff ic e rs .