1. Dia de Portugal : sexta-feira, 10 Junho, 2022
2. Corpo de Deus : quinta-feira, 16 Junho, 2022
3. Assunção : segunda-feira, 15 Agosto, 2022
4. Implantação República : quarta-feira, 5 Outubro, 2022
5. Todos os Santos : terça-feira, 1 Novembro, 2022
6. Independência : quinta-feira, 1 Dezembro, 2022
7. Imaculada Conceição : quinta-feira, 8 Dezembro, 2022
8. Natal : domingo, 25 Dezembro, 2022 😥 Page 2
BRITISH, COLONIAL, AND FOREIGN RAILWAYS.
TRAMWAY AND OMNIBUS TRAFFIC RECEIPTS
OLOSING PRICES (DAILY), OFFICIAL "MAKING-UP PRICES."- May 13, 1889-May 9, 1888. BRITISH RAILWAYS.
183 6250 4,219 3,241 1,063 2,334 1,151 8,435 271 731
Caledonian 1191 | 1013 Great Northern 123 118 Do. "A" n 100 London and Brighton 158 138 Do. "A" 153 1161 London, Chatham, and Daver 278 20 Do. do. 4. per Cent. Pref. 1121 99% Man. Sheffield, & Lincolnshire 73 Do. do. Metropolitan Consolidated 89 Metropolitan District 36} 33 North Staffordshire 1183 105 South Eastern 137 129 Do. "A 1141 Ior Great Western 158) 141) L incashire and Yorkshire (21) 115$ London and North Western 1831 1654 L indon and South Western 150 1373 Midland 1437 127 Great Eastern 754 65 Hull and Barnsley 331 North Eastern 17:1 1503 North Br tish Preferred 761 Do. Deferred 55 Taff Vale 257)
119 123 1201 1103 1197 1197 1231 1234 124 123) T12 112 (15 114 114 114 159 159 150 15) 15? 159 153, 1547 155 1541 154 15+ 273 28 28 273 274 113 113 1131 13 113 361 120 120 118 119 I19 119 12:1 23 123 124 183 1843 1849 1841 181 1845 1514 152 152 152 152 152 1432 1447 145 5457 14;} 1451 75 771 773 773 777 77 335 331 33} 33% 33 33 675 1751 1733 1751 1743 763 775 77 753 77 77 551 563 561 56 -6 553 259 256 255 253 259 262
NAME Date 1389 suerte: May 11 6334 April 4.323 Belfast Street May 11 1,239 Bordeaux May D 2,212 Bristol 1,17; Buenos Ayr. & Belgrani Mur. 9,532 Burnley and District | May 1 253 Bury Rochdale & Oli.. Miyu 731 Calais May 157 Carthagen 1&c. Stern(m) April 2,812 Continental Metropolitan M у 11 3,440 Dublin Ny D 2.1 Bilinmirgh Mry 1,6.15 Glasg \lay it 430 Hill Street May 10 Inperial M17 39: Leeds.. 4 Leipzig May 5 1.9°3 Liverpool United 4 423 Lombardy.. April 1,237 London Gen, Onnibus May 12 13,685 London Road Car May 11 3,075 London Southern May in 329 London Street.. May it 2,493 London.. 4 5,334 North London.. My 11 323 North Metropolitan May it 7,929 North Staltɔrd 323 Nottingham.. May 11 509 Provincial Miy ri 1,910 Seville April 1,232 645 Southampton Muy it 253 South London 4 ,314 Sorowark and D:otford My it Stockton and Dar...... May 11 93 uterial May 10 214 My D ; 25 Trainways of France.. My 1: 7:3 Tradi ways of Geoluy.. May 16 2.33 Truw wys April W:st Metropoltta May 11 62: W iverna n01 119 W polwich & S. E. Lon May ril 2)
36 381 9; 4 1,53) 4,558 1, 302 1,221 2.617 32)
AGGREGATE, 1889 1883. £4,122 63,330 59.35 52,761 13,600 11,274 14,546 15,359 33,905 32,769 20, 265 17:300 26,864 24,637 3,787 3,913 11,501 10.868 2,235 2,313 13,160 15.917 48,032 45, бgr 34 25 32 627 2),200 27,177 72, 12. 70,075 4.951 3,037 5,413 5,059 15, or 73.522 24,103 23.032 79,933 75,032 4,5 30 4,625 238,791 193,736 4:593 32,779 4,085 4,013 35,233 31,905 85,503 do,777 4,414 4,522 117,027 104,6:8 5,197 7,437 29,19) 13,462 2,694 11,151 7,471 3,582 3, 455 21,215 21,235 7, 142 6,832 1,524 1,642 3,676 2,320 5,192 4,6:6 11,012 II 372 37,79 22,707 7, 205 6,012 3,10 2,843 3,730
18 13 13 18 4M 13 13 18 18 18 18 18 18 18 13 4.11 13 13 13 18 13 18 13 18 13 4.M 13 18 13
253 1,333 449 116 200 2:7
Cunada Pacific Shares Grand Trunk Do. Four per Cent. Do, ist Preference Do, and Do. zrd
AMERICAN RAILWAYS. THE BANK RETURN. The Bzik Return fur the week ending on Wednesday, Cen, Pac. of Calik. Shares... 36 32 353 361 361 363 36. Chic. Milwkee & St. Paul Stock 631 741 599 May 15, 1889, is as follows :Dewaad Rio Grande Slano 17! 19 121 13 17 179 173 Do. do. 1 ref. ISSUE DEPARTMENT. 477 451 489 4848 Eries 23 251 293 29 291 29 2) 281 Notes Issued .... £37.900,265, Government Debt Do. 2nd $11,015,100 103 99 log 10)! 1075 1054 105 1061 Illinois Central 116) Other Securities 124 117 117 117 1:7! 117; 5.184.900 Lake Shore 105 106 106 106 106 Gold Coin and Bullion 21.700,265 ouisville and Nashville Shares 631 571 6,5 697 68 69 631 69 N. York, Penn., ist Mort. 311 35] 317 32 ; 2} 32 321 637,900,265 637,900,255 New York Central... rog 103 1075 IIO 109 1099 1093 New York and Ontario 17 161 171 !;) 17 17 Norfolk and Western Pref. 535 BANKING DEPARTMENT. 53. 53% 53 531 Northern Pacific Pref. 631 631 634 633 623 62 Ohio and Mississippi Ordinary Proprietors' Capital $14.553.000 Government Securities. 616,052,837 23 21 23 23} 23t 23 Pennsylvania Shares .. 551 Rest 55 3,161,671 Other Securities 55 55 553 54 545 25,935,427 Philadelphia and Reading 22 Public Deposits 31 Notes...... 227 23 22 235 10,301,125 13.329,005 Ditto. Deferred 81 8. 87 8 Other Deposits 23,222,035 Gold and Silver Coin 1,139,810 W basb and St. Louis Pref 231 25 283 283 28 283 274 210,22 Do. do. 6 p. c. Gen. Mort. 43 43 484 485 495 48$ 656,458,129 456,458,123 FOREIGN RAILWAYS. The above return gives the following results when compared Lombardo-Venetian 93 6 101 19} ro1 101 103 with the previous week : 10 Buenos Ayres & Pac. 7 % Pref. 135 129 137 137 137 13 634 134 Rist Increase 63.161,631 do. 7%. Deb. 145) Do. 410,766 140] 14 145 145 115 145 Buenos Ayres & Rosario Ord... 179 Public Deposits Increase 10,311,125 1,874,310 181 181 181 181 181 Mexican Railway Stock Ocaer Deposits........ 53 523 Increase 44 28,222,036 531 53 3,830,000 Do. do. Ist Preference 1311 132 1;2} 132 132 On the other side of the account: Do. do. and gr 75 903 90 9: 911 Ottoman Railway Shares 23 13 235 23} 23} 23 213 22] Government Securities € 16,052,837 | Increase 492,939 N. W. Uruguay First Pref. 83 81 84 84 89 89 89 87 Other Securities 25 936,427 ! Increase 2,005,247 Notes unemployed...... 13.329,0); | Increase 800,000 NEW YORK DAILY PRICES (BY CABLE). Subjoined is a comparison of the position of the Bank of WEEK ENDING MAY 16. Fri. Sat. |Mon. Tues. Wed. Ths. Thur England, the Money Market, the prices of Consols, French. 2888 Rentes, &:c., with the corresponding week of last year : 1889. 1888. Call Money, U. S. Govern. Bonds 2 % 2 % 14 % Bullion..... £22,847,075 619,657,273 25 % 5 % 2 % 2 % 2 % I % Total Reserve Do. Other Securities 2 % 414,468,015 2 % ; 24 % $11,358,968 Exchange on London, 60 days 4.37, | 4.87. +.87. Froportion of Reserve to Liabilities 373 per ceni. 4.87 4.87 4 86 38 per cent. Cable Transfers... Notes in Circulation..... 124,571,250 (24,508,305 Exchange on Berlin 05! 95 95 95 95% 952 Bank Rate of Discount 25 per cent. 3 per ceni, Exchange on Paris 5.17) 5.17) 5.17 5.174 5.174 5.17 5 20 Open Market ditto I! per cent. 25 per cent. 4 per cent. U. S. Funded Loan :291 1297 001 12 123 1271 274 per Cent.Consols 9y} 991 Western Union Telegraph Shares 36 861 864 861 76) Canadian Pacific Railroad Shares French Rentes 557 871. 650. 55% 531 563 55$ 552 59 Canada Southern Shares.... 52 52 Average Price of Wszat 521 52) 52/ 313. 5d, Central Pacific Shares 351 351 351 35 351 31 Chicago, Milwaukee, and St. Paul 66 663 63 677 68 685 713 Chicago & North Western Pref. 1337 137 BANKER'S CLEARING-HOUSE. 140 1403 5401 141 142 Denver Shares 16 174 17 194 17 18 Return of Paid Clearing for the week ending May 15:Illinois Share I14 1145 1145 II II! 119) Lake Shore Snares 103 1035 1331 1032 Thursday 10j? 618,613,000 Tuesday 19,490,000 901 Louisville and Nashv.lle Shares 575 671 67% 675 673 674 533 Friday 20,447,000 Wednesday 71,099,000 New York Central Shares 1061 107 107? 107 101 1071 106, Saturday 23,020,000 New York Lake Erie and Western 273 23 28% 285 283 299 Monday 23.711,000 Total .....£176,371,000 Do. Second Mortgage Bonds.. 1361 106! 106 100% 1465 106 New York, Ontario & West.Shrs. 167 107 In the corresponding week of 1888 the total was £157,867,000. IC 16 10% Northern Pacific Common Stock .. 257 253 25 253 23 251 Do. Preferred.. 617 625 615 613 613 513 Ohio & Mississippi Ord. Shares 22 223 223 224 201 Philadelphia and Reading Shares 443 45? 613 I 88. 1389. 443 Brighton Railway (Daily) 45 Inc. Dec. St. Louis & San Francisco Preferred 59 60 67 Sunday £1,710 £1,775 465 Union Pacific Shares 60% 6113 61 to 60 cog 531 Wabash St. Louis, Pref. Sbares.. Monday 4,173 4,076 | £97 276 271 28 271 293 29 25 Du. Common Stock Page 3
"HE GREAT INDIAN PENIN- CONVERSION LOAN. TO CONTRACTORS. ISSUE of £49,120,783 125. FOUR PER Notice is Hereby Given that the Seventy-Ninth CENT. BONDS (second series). Or The Directors are prepared to receive Tenders | Half-Yearly General Meeting oi the Proprietors 1,241,992,000 francs, 593,672,176 Dutch for the construction of the Dunston Extension in this Company will be helsi at the City Ter. florins, 1,003,529,536 reichsmarks, U.S. Railways. minus Hotel, Cannon Street, London, on Friday. $239,083,460, 310,498,000 metallic roubles Railway No. I commences by a Junction the 14th June next, at Twelve o'clock noon pre. nominal capital. Created by virtue of the with the North-Eastern Railway Main cisely, for the general business of the company, Ukase of His Majesty the Emperor of Russia, Line at the Low Fell Station, and pursuant to the Act. under date of April 26/ May 8, 1889. terminates immediately on the South The Registration Books will be closed from side of the Redheugh Branch, being a Monday, the 3rd, to Saturday, the 29th June This loan is issued in bonds of the Russian distance of 2 miles 15 chains. proximo, both days inclusive, for the purposes of Railways, and will be applied exclusively to the Railway No. ia commences by a Junction ihe meeting, and for the preparation of the half conversion and the repayment of the Five per with Railway No. 1 at about i mile yearly Interest Warrants. Cent, Railway Loans of 1870, 1872, 1873, and 66 chains, and terminate; by a Junc- The Interest Warrants will be forwarded to 1884. tion with the Redheugh Branch, being the Proprietors on the ist day of July. a distance of about 34 chains. F. L. SOARE, Secretary. Holders of the above mentioned Five per Cent. Plans, Sections, and Specifications may be Loans have the right to convert all their bonds Company's Offices, seen on and after June 3. at the Engineer's 3. New Broad Street, E.C., (except any previously drawn) into the New Office, Central Station, Newcastle-on. Tyne, Four per Cent. Stock, and any bonds not con. London, May 15, 1887. where printed Forms of Tender, Specifications, verted will be repaid at par before the end of the and Detailed Quantities may be obtained on year 1889. personal application. His Excellency the Minister of Finance will Sealed Tenders, marke i “Tender for Dun. give at least three months' notice of the bonds to ston Extension Railways,” and addressed to be paid off, which will cease to bear interest from the Secretary, must be delivered at his office in the date fixed for their redemption; in pursuance York, nut later than noon, on Wednesday, £317,030 SIX PER CENT. DEBENTURE of this arrangement, and in conformity with the STOCK. Ministerial notice of the 27th April/9th May, The Directors do not bind themselves to accept r889, all bonds of the Five per Cent. Loan of the lowest or any tender. The Transfer Books will be closed from 17th 1884 (7th series), outstanding after the conver to 31st instant, both days inclusive, for the pre Ample security will be required from the Consion list is closed, will be paid off on August 15 tractor whose Tender is accepted, paration of the warrants for the tenth half. next. C. N. WILKINSON, Secretary. yearly interest due June 1, 1839, on the above York, May 14, 1889. Stock. Messrs. N. M. Rothschild and Sons are By Order, authorised to receive bonds of the above-men. REAT EASTERN RAILWAY H. B. TEMPLER-POWELL, Secretary. tioned Five per Cent. Loans for conversion into Offices-Winchester House, COMPANY. the new Four per Cent. Loan, 50, Old Broad Street, Allotment will be made in full. CONTRACIS FOR COAL AND COKE. London, E.C., May 13, 183). Applications for conversion will be received util Friday, the 24th insi. The tive per Cent. Bonds to be converted The Directors of the Great Eastern Railway must be listed on forms which can be obtained Company are prepared to receive Tenders for the LL WHO WISH THE BEST on application, and must be deposited within 21 supply of Coal and Coke for Locomotive Engines return for their Money should refer to days, furnished with the talon and coupons not and other purposes. the results recently secured to tontine policyyet du“; interest at 5 per cent. will be a lowed Forms of Tender may be had on application holders in the NEW YORK LIFE INSURon these bonds from the date of the last divi. at the Secretary's Office, Liverpool Sireet Ter- ANCE COMPANY, full particulars of which can dend to the ist July next, from which date the minus, E.C. be obtained on application. This company's Four per Cent. Bonds will bear interest, the first Tenders to be forwarded to the undersigned latest form of insurance, the quarterly coupon being due the ist October, on or before 10.0 a.m., May 24, 1889, sealed and "NON-FORFEITING FREE TONTINE," 1889. endorsed “Tender for Coal' and Tender for secures valuable investment features in combina In the conversion every £1,000 of the Five per Coke" respectively. tion with insurance at low cost, guaranteed Cent. Bonds will be cquivalent to £1,090 65. 6d. By order. options at the end of tontile periods, and perfect nominal capital of the Four per teni. Bonds. J. HADFIELD, Secretary. freedom, after two years, as to residence, travel, The exchange will be effected as nearly as the Liverpool Street Terminus, and occupation (except service in war) smallest denomination of bond - viz., 6,19 155. 6d. Lonilon, E.C., May 16, 1889. London Office-75 and 77, Cheap-ide, E.C. (500 francs)-will permit, and any fractional differ. J. FISHER SMITH, General Manager. ence, together with the interest allowed on the COMPANY, TINTO old bonds, will be regulated by a cash payment to the subscriber. LIMITED ROVIDENT LIFE OFFICE The Four per Cent. Bonds, both principal and interest, will be free from all Russian taxes. DIVIDEND ON SHARES TO BEARER. REGENT STREET, W., & 14, CORNHILL E.C., LONDON. Holders of Share Warrants to Bearer are in. £19 155. 6d., £98 17s.6d., £197 15., and Founded 1806. formed that they will receive payment of the 2494 7s.6d., with coupons payable quarterly, Existing A surances Dividend declared at the General Meeting held on on January 1, April 1, July 1, and October 1, in 57,470,856 London, at the offices of Messrs. IV. M. Rothsthe 13th inst., at the rate of 14s. per share, free Invested Fu’nds 2,539,609 Annual Income... of income tax, on and after Monday, June 3, child and Sons, and in Paris, Berlin, Frankfort 322,963 Claims and Surrenders paid 8,697,671 1889, on presentation of coupon No. 21, either at on-Main, Amsterdam, Brussels, New York, and Bonuses declared.. the Company's Office in London,or at the Societe St. Petersburg, at the exchange of £19 155. 6d., 2,971,832 equal francs 500, equal reichsmarks 404, equal Generale, Rue de Provence, 54, Paris, or at the Prospectuses and full information to be obtained Dutch florins 239, equal U.S. $96.25, equal gold Deutsche National Bank in Bremen. at the Head Office, or of any of the Agents. roubles 125. Coupons for payment in London must be left CHARLES STEVENS, A sinking fund will reimburse these bonds at four clear days previously for examination, and Actuary and Secretary par in 81 years, by half-yearly drawings on Jan. may be deposited on or after the 15th insi. 1 and July 1, and repayment will be made three By order, months later, at the same places as those fixed R. J. FENNESSY, Secretary. TRY CRUST and AGENCY COMPANY Offices of the Company- for the payment of coupons. The first drawing of AUSTRALASIA (Limited).-NOTICE will take place on January 1, 1890. 30, St. Swithin's Lane, of DIVIDEND.-At the Twenty-Eighth Annual Application must be made on the form attached May 14, 1889. General Meeting of the proprietors, held this day to the prospectus, and accompanied by a de. at the Terminus Hotel, Cannon Street, in the RAILWAY posit of £5 per cent. in money, or an approxi. City of London, Francis A. Bevan, Esq., in the mate amount in convertible bonds, unless sub SHARES. chair, it was moved, seconded, and unanimously scribers prefer to deposit the whole of their bonds resolved : “That a dividend, free of income tax, per cent., making, with interim dividend paid in Subscription lists are also opened in Paris, tion or in the name of the Owner, and collects November last, a total distribution for the year Berlin, Frankfort a/M., Amsterdam, St. Peters. Dividends or rights for New Shares in both cases. 1888 of 22% per cent. on the capital called " burg, &c. Shares in its name the Association will either re- E. N. SENIOR, Secretary. New Court, May 14, 1889. turn with transfers signed, or will issue against 147, Cannon Street, 'REAT EASTERN RAILWAY them Certificates countersigned by the London London, E.C., May 16, 1889. and Westminster Bank (with Coupons for COMPANY. Dividends attached), the Original Shares being lodged with the Bank. The Certificates are exNotice is Hereby Given that the Transfer Books changeable for the Negotiable Shares, and 'HE RAILWAY CLEARING of the Metropolitan Debenture ana Rent Charge supply a pe-fect safeguard against loss by theft HOUSE: ITS PLACE IN RELAStocks of the Company, will be closed on the or otherwise, as, when the holder signs his name TION TO THE WORKING AND evenirg of Monday, the 27th May, instant, and in the space provided, the Original hires cannot MANAGEMENT OF ENGLISH RAIL all parties registered at the time of such closing be obtained by any other person. Fee 3d. per WAYS. of the Transfer Books will be entitled to the Share, unless insured, when the insurance rate wil, By EDWARD MCDERMOTT, F.S.S. Dividend payable on the ist July next. be added. Reprinted from the RAILWAY NEWS AND JOINT The Transfer Books of the above stocks will Full particulars may be ołtain the Office. STOCK JOURNAL re-open on Wednesday, the 29th May, instant. SAMUEL POPE, Q.C., Chairman. Published at the office of the RAILWAY NEWS By order, JOSEPH PRICE, Managing Direc or, JOSEPH HADFIELD, Secretary. THOS. LINDLEY, Secretary. H. W. Poor, office of the 3. Whitefriars Street, London; and by H. V. and Liverpool Street Terminus, 5, Great Winchester Street, roads," 70, Wall Street, New York! London, May 14, 1889, London, E.C. Price, One Shilling; Twenty-five cents Page 4
stituted for article 133: *133. The company shall not, the company less the agreed-on amounts payable for promotion in each notwithstanding any notice or knowledge they may receive case, as the board, in the interest of the shareholders, has or have, be bound to recognise any legal or equitable right, title, or (Hear, interest whatever, to, in, or in respect of any shares represented by a decided not to accept the risk of promoting in any case. share warrant, except the following rights :-(a) An absolute right in hear.) . It would not be in order or proper for me to go the bearer for the time being of any coupon so advertised as aforesaid for further into matters of that character at the statutory meeting, payment, to such amount of dividend or interest on the share warrant when in due course all accounts will appear. In addition to the three whereto the same coupon shall belong as shall bave been as aforesaid companies the figures of which I have just given you, we have fixed declared payable upon presentation and delivery up of that coupon. (6) concessions which amount to 4201,000, of which £150,000 is in cash, An absolute right in the bearer for the time being of the share warrant The further contracts entered into, on which substantial deposits in and the unadvertised coupons to the shares or stock included in the cash for the carrying out of them have been paid to us, amount in the Thus we have same share warrant, and all benefits thereof other than the aggregate to £1,000,000 sterling. (Loud cheers.) dividends interest which shall have been aforesaid £1,000,000 in the coutracts on which we have deposits, and which we declared payable on the same shares or stock.' (6.) The words, but have agreed to sell at certain prices offered. Then we have £201,000 they shall under no circumstances issue any new share warrant for any on two fixed concessions, which, with the £453,000 on companies shares or stock for which a share warrant shall have been previously already floated, brings out the total to £1,654,000 in six weeks of time. issued, unless and until the share warrant so previously issued shall (Cheers.) Having now given a full explanation of the operations of have been first delivered up to them to be cancelled,' in article 140, our parent company in regard to the business that has been done in shall be omitted from article 140. (c.) The following article shall be selling the property belonging to you, I have now to give you some inserted after article 140, namely :-- 140A. If any share warrant or little explanation as to the sales in each case, and which still remain to coupon has been or shall be lost or destroyed, the board, if such loss or be dealt with by the company. It is this: We propose to stand firm destruction be proved to their satislaction and it in theirabsolute discretion to deal with this question of water-gas for the United Kingdom, and they think fit, may in the case of any such coupon which shall have been also in no case will we fall back and deal with any other question or advertised for payment as aforesaid, pay the dividend payable in respect parties. (Hear, hear.) We are a party of ourselves, and we are de To do of such coupon to such person as may in their opinion be entitled there. termined to go straight away on the line that we started out. to, or may issue a new share warrant or coupon in lieu of the warrant that it will be necessary that one section of us give up talking about It is requisite that something shall be done or coupon so lost or destroyed, but every person to whom any such the financing of water gas. payment or issue shall be made shall previously pay to the company all on a pretty large scale for the purpose of showing to the people who expenses connected with such issue, or with the investigation of the all that the newspaper has said for it, and that it has in it what will be have invested their money that water gas is a reality, that it has in it evidence of such loss or destruction, and shall also previously give to the company such an indemnity as shall be satisfactory to the board.' a great benefit for mankind, and a great march of progress to the world (d.) There shall be added on to article 154 the following words, at large. (Cheers.) Now, in ier to do this, it was necessary be invested or otherwise made use of by the board for the benefit feet wide, and capable of making castings up to 15 tons, and fitted namely :- All dividends unclaimed, after having been declared, may possess ourselves of works, and to-morrow we go into the occupation of works near to Glasgov, fitted with a foundry 150 feet long by 50 of the company until claimed.'”—The CHAIRMAN : I beg to put the special resolution to the meeting which has just been read by the with turning sheds, fitting shops, drawing offices and everything resecretary, "That the articles of association be altered as indicated.”- quired for carrying on a successtul and profitable business. We have Mr. G. A. Schroeder : I beg to second that... The resolution was put companies, that all the förethought and all the penetration that is taken care to guard the interests of the parent company and of the subto the meeting and carried unanimously.—The CHAIRMAN : Then, gentlemen, that concludes the business of the meeting. – Mr. J. M. possible among us may be supplied from the one centre and be transDOUGLAS: I beg, gentlemen, 10 propose a vote of thanks to the mitted through these works into different parts of the country and chairman and directors of this company for the manner in which they through our sub.companies ; that is by making all our own plant. I have managed our business in arduous times. (Hear, hear.;-A Share should very much like to be able to tell you before long--and I do not HOLDER : I second that. –The resolution was put to the meeting and think it will be difficult--that at these works coal is brought carried unanimously.—The CHAIRMAN : Gentlemen, I am very much almost from the pit's mouth, that it gues into the generator, and is then sent through small pipes to the little town obliged to you. close by. can send it that distance, there is no doubt BRITISH WATER-GAS SYNDICATE, LIMITED. whatever of our being able to carry it much further. (Applause.) These works, I may mention, are fully going. The wages were paid The statutory meeting of this company was held at the City Ter. last Saturday by the others; they will be paid next Saturday by ourminus Hotel, Cannon Street, E.C., on Tuesday, May 14, 1889, Mr. selves. Then we shall go steadily on with the manutacture of our SAMSON Fox (chairman of the company) presiding. - The SecretARY water-gas plant. Thus, you see, we are on the threshold of manu (Mr. Thomas H. Owens) read the notice convening the meeting. facturing, and of course we shall very soon be able to show something The CHAIRMAN : Gentlemen, I am very pleased to see so many of that we have talked a great deal about here in town, and that some. our shareholders here to day, and I may tell you that it is the very thing will be plant capable of making about 2,000 ft. per hour, night largest meeting in a concern in which I am partner that I have ever and day; and as soon as the place is decided on (I should say in a been at. I have been in business a long time myself; but I have month from now) you will see the evidence of water-gas in some shape never had an opportunity of being a partner in a concern where at least in some shop window-gas which has been made here in London. 1,400 others were interested with myself, and as thisisour statutory meeting, (Applause.) I should like to tell you how it was that water.gas ever at which we may take a louk at each other, and at which you may hear became to be developed to this standard. It came about in this way: what one has to say on the subject of our business by one who has been Some years ago, in connection with my business at Leeds, I so long striving to bring a result about which will give a successful in- granted a license to a certain firm in Germany to mraufacture vestment to people who look somewhat into the distance. I am ven- corrugated Alues. At that time I felt that it was necessary to have a turing now to point out first of all what we have done since we floated much better medium for forming the welded joints than we then had. this company, and then those other companies which have been I see one gentleman here whom I am proud to see here to-day, and brought out so successfully; then asterwards I shall mention whom I met in connection with that matter. At once, from his own to you what other contracts have been made, and what position we are theoretical knowledge, he decided that as they were not likely to go in with regard to the future of the property that belongs to us. I may into a big business all at once, it would be better to fight the question tell you at once that I have come here to-day, not to deal with the of the use of water-gas for such purposes, and, of course, I could make question of the changes in the price of the stock ; that is a question I bjection, though I could not follow in the adoption of the same know very little about. I have never had any experience in either system at Leeds at that time, because I had a large amount of work on buying or selling stock, and I believe, if you were to take me along the hand, and I saw no necessity whatever for two firms to be struggling street and ask me to point out the London Stock Exchange, I could with the question of producing pure water-gas at once. Therefore, I not do it. (Laughter.) I have never seen it, to my knowledge, and asked them to go into the question, and allow me to help where I I may tell you still further that my investments have been guided solely could, and when we had all considered it, and saw it in a state that it by my judgment, and I have never yet entered into any undertaking was fit to be adopted generally, then that I should bring it over to Eng: with regard to which I do not feel myself somewhat a master of the land. Well, gentlemen, ultimately I brought it to England, and comsubject that was to be taken up. (Cheers.) On April 1-not a very menced working with it on a commercial scale,and the results, I may say, lucky day to enter into a big question like this; but, all the same, I do were such that I have never regretted having done so, despite the diffinot think we have turned out * fools” after all — (laughter)—we offered culties that we had to fight and the annoyances which on many occato the public the parent company, and that parent company was io sions almost drove us to despair. Because, you must remember, to consist of capital subscribed to the amount of £300,000. There were make the apparatus for making gas is not merely the work of a included in the properly so purchased by the public something like mechanic, but of a man who knows a good deal of general science ; it sixteen to twenty patents. These patents are the outcome of many is the work of a man who knows a good deal of chemistry, and wiihout first-class men's brains in this and other countries. We first of all he is able to watch, on the one hand, the simplicity of the mechanical floated the parent company, and the result was that it was eight construction, and on the other the safety of the mechanical part of the times over applied for, showing that we had son.ething to offer experiments, and also look to the commercial side being right-no one which in itself commanded the attention of most thinking investors. short of these qualifications could be trusted to carry out successfully (Cheers.) We then, after a little while, floated the Yorkshire Com the progress of a matter of this kind. Well, we claim to be able to pany with a capital of £151,000; this was subscribed for about six make water-gas safely and without the presence of scientific men. times over. We then brought out the Notts and Derby, at the same The ordinary working labourer, of average intelligence, in his capital as the Yorkshire, and this was subscribed for eight times over, black clothes, was able work night and day at it for showing that these sub.companies had some favour in the minds of us, and ihe result was that, as soon as we got to that point we began to investors. We have just floated the North British Company with a make experiments on the value of water gas compared to sclid fuel gas. capital of £301,000, and this was applied for ten times over. (Cheers.) We all know that the solid fuel is the one thing we have to fall back Now I am going to give you a few figures which wiil show you to what upon when we come to a point when we can fairly compare the advanextent the property that you applied for on April i has yielded. The tages of the gaseous fuel in this form over that of solid fuel. I propose amounts already secured to the parent company are—for the York, to mention to you, first of all, the advantages in connection with the £101,000; Notts, £101,000 ; North British, 2251,000 ; making a domestic use of water gas, because I daresay most of you here to-day total of £453,000-and you paid for the property £217,250. (Cheers.) have looked more into the domestic question than into the manufacturOf course, it is only right to cell you that the above amounts accruz to ling one. It will, in consequence, be advisable just to look at the ques Page 5
PRESENT AMOUNT. NAME. % € 3,994,040 Ben & North West, 20,506 Ditto Shares.... 100,000 Bengal Central guar. 31 2,987,520 Bengal Nagpr guar. 4 624 Ditto Shares 7,550, 300 B., B., & C I., gua, 5 78,139 Delhi 'Umballa Kal. 41,914 E. Ben., "A" 1957.. 74.936 Ditto,' 'B" 1957 348,666 Ditto guar. D. Sk. 225,637 E. Indian, An., 1953 624,900g Ditto Ditto B. 6,550,000 Ditto Def, Ann. 1,435,650 Ditto Ird. Deb. Sk. 41 10,000,000 Gt, Indian Pen. gua. 5 2,701,450 Do. Deb. Stock 4 3,000,000 Indian Midland, gur. 4 8,757,670 Madras, guaranteed 5. 999,960 Ditto 500,000 Ditto 384,700 Oude &Roh. Deb.Stk. 200,oco Rohilkund & Kum.. 71,097 Scinde P. & Delhi 300,204 Ditto ditto 3,050,691 South Indian guar.. s 148,114 Ditto ditto 425,000 Ditto Deb. Stk. 4 3,500,000 S. Mahratta Gvar... * 2,300,000 Ditto Debs. 31 1,160,500 Dirto Dob. Sk. 4 39,500 Ditto 4 2,000,000 Nizam's State R., G. 1,000,COO Ditto Mt. Deb.Scp. 4 800 mm W. of India Portug. 5 550,000 Ditto Deb Stock 5
180 182 21 243 26 27 118 120 141 981 114 116 130 135 177 179 I 21 123 118 120 145 147 136 133 129 13t 104 107 106 24 25 264 273 133 135
PRESENT PRESENT AMOUNT. NAME % PRICE AMOUNT. Name, % PRICE € € 118 4,235 Charkot-Azof, guar. Russia 5 103 30,000 Ditto Debenture Stock 5 TO 106 1,663,650 Charkow-Krements, ditto... 131 3 500,000 Buenos Ayres Great South 217 220 297,000 Conde d'Eu, 5. p.c. Deb. s 101 103 140,000 Ditto, Exten, 1890 2015 215 114 116 50,000 Ditto, Extension, 1892.... 19 600,000 Ditto 2nd Debs. 6 53 54 100,000 Ditto, and Issue 14 120,000 Cucuta Railway, Mort. Bd 6 105 107 2.000,00 Ditto Deb. Stock. 13 .... 5 133 297,200 Donna Theresa Christina 5 83 90 359,000 Buenos A. and Ens. Port... 205 Eastern of France 3 151 103 399,636. Do. do. Preference.. 7 204 207 1,888,oco Grand Russian, Nicolai Bds. 4 200,000 Do. do. Deb, Stock 5 114 334,500 Gt. Sth. of Spain, Db., 1928, 6 98 99 200,000 Do. B Mort. Deb. Stock 5 III I13 303,6vo Havana Rail. ist Mortgage 7 113 127,769 Buenos A. Northern, O. Stk. 1&2 185 345,000 Ditto 1886 Bonds.. .... 7 TI1 13 122,220 Do. do. Preference.. 8 235 238 311,390 Imp. Bz., N. & N. C. .... Śt 97 99 120,ogo Do. do. Deb. Stocks 1οι 104 26,010, coɔ Italian Rys. Bonds, A. & B. 3 39 154,503 Do. Mort. Deb. Stock 5 114 117 150,000 Ituana (Braz.) Debs, .. II3 5 1,000,000 Buenos A. & Pac., Pref. 7 135 137 1,725,782 Kursk Char.-Azov,gr. Russia 1,312, 340 Do. 7 p.c. Deb Stock.. 7 143 145 466,800 Leopoldina (Brazil) Railway 54 55 604,900 Do. Mercedes Ext. Deb, 5 113 115 2,000,000 Ditto. Ster. Debs., 1924 5 103 106 1,061, 150 Buenos A.& Rosario Od. St. 179 181 800,000 Macahe&Campos(Brazil) D. 5 103 105 44,029 Do. do. Preference.. 7 171 13} 730,000 Manila Ry., Db. Scrip o 106 108 19,865 Do. Sunchales Exten. 174 18% 131,100 Matanzas and Sabanilla.... 7 Ic6 108 100,000 Do. Tucuman Ext. Sh... 151 161 655,200 Minas and Rio Debs.......6 109 UIT 100,000 Do. do. and Issue 97 91 468,700 Mogyana(Braz.)'Debs. 5 104 106 1,000,000 Do. Debenture Stock 5 129 132 1,830, 200 Moscow. Jaroslaw, guaran.. 5 103 105 25,000 Buenos A. & Val. Trans, Pf. 7 84 97 76,500 Moscow-Koursk, Red. 1889 6. 272,112 Do. Deb. Stk.Prov.Certs. 7 126 128 305,375 Nassjo-Oscarshamn Bonds af a3 33 2,974,920 Central Argentine 199 264,680 National Pisco to Yca...... 5 55 700,000 Ditto Deben. Stock 6 149 1,985,800 Nitrate Rlys. Mort. Bds. 5 99 107 70,000 Central Uruguay N. Ext. 43 375,000 Northern of France........ 3 164 17 136,000 Сen. Uruguayos Montevideo 181 188 17,418 Ditto (late Charleroi). 38 17 19 520,000 Ditto Perman. Deben. S... 6 144 145 651,526 Northern of Spain 3 15 is 21,250 Conde d'Eu (£20 paid)gua. 7 14 15 Ottoman (Smy-Aidin) As. 6 11+ 117 8,400 Copiapo 43 48 709,600 Ditto ditto Ass. (Serk.) 6 114 117 20,000 Cordoba Central, Lin.., Prf. Ditto 29 ditto Non-Asset. 6 30 114 117 400,000 Ditto Debenture Stock 5 I!3 342,000 Ditto spercent. Deben. 5 108 TIO Costa Rica 60,487 53 67 97,300 Ditto, Seraikeui Ex.5% Db. 5 Do. Certs. of Shares.. 175,000 Ditto, Tireh Exten. Debs. 5 TO 103 15,447 Donna Theresa Prefs. gar. 7 6 300,000 Ditto, Debs., 1886 5 100 102 | Dunaburg &Witepsk, gar. 5 196 20$ 500,000 Ditto. Debs. 1838 5 125,775 Ditto Registered..guar. 5 103 19 600,000 Ditto. Exten. Debs..... S 47) 489 122,000 Dutch Rhenish 23 Paris, Lyons, and Med..... 3 16 10 3,000 Ditto New, £8 paid Ditto 7 (Fusion N) 3 154 161 25,000 Ditto ditto E3 paid of 1872 3 276,092 Piræus Athens & Pelopons. 6 107 109 668,000 East Argentine ... guaran. 108 240, COO Ditto Mort. Bonds 5 102 TOT 217,000 Ditto 6 p.c. Debs. 6 121 4,360,500 Prov. Orel-Vitepsk, guar. 5 IOI 103 583,833 Grand Russian Shares 340,000 Puerto Cabello&Valen., Dbs. 7 25,000 Great S. of Spain Pref. Sh. 7 31 of 50,000 Quebrada Prior Mort. 6 96 15,000 Great W. of B. gua..... 7 21 250.000 Rio de Jan. and North, 1948 6 107 109 376,250 Ditto Deb. Stock.. 6 123 25 99 148,600 Ditto Ex. Deb. Stock....6 II3 115 947,203 Roval Sardinian "A" 3 12,500 Im. Bral. Nat & N.Cruz, g. 7 736,640 Ditto “B' 3 12 13 1,400,000 Inter-Occanic of Mexico 107 108} 1,350,900 Royal Trans-African, ist M. 03 97 32,000 La Gua ca and Caracas.... 94 101 49,600 Sagua La Grande... 7 105 108 370,000 Ditto Debenture Stock 5 104 106 +74,600 San P. and Rio Jan., guar. 6 10g III 112,224 Lemberg.Czern-Jassy, guar. 5 19 145.400 Ditto and Series 6 109 III 40,000 Lima Site gt 213,500 Sicilian, ist Mort. Dbs.1913 6 99 3,372 Manila Railway, Lim., Ord. 532,500 Smyrna&Cass. Ist MtRd.Ób. 5 105 107 30,000 Ditto Cumulative Pref... 7 41 Ditto 500,000 5 Red. Mort. Deb. 5 48 49 2,254,720 Mexican Ord. 52 53 3.379,353 South Austrian..... 3 128 2,554,100 Ditto ist Preference 8 132 723,5C2 Ditto 1871 (Series X.) 3 re 1,011,960 Ditto and ditto 6 go} 911 Southern of France......... 3 16 2,000,000 Ditto Perpetual Deb.Stock 6 132 134 1,308,825 South Italian.. 3 125 tat 236,500 Ditto 2nd Mt. Db.Stk. 6 105 I'37 100,000 Taltal, ist Charge Db., 1903 5 103 IOS 60,000 Midland Uruguay, Limited 3} 31 373,000 Tamboff-Kosloff,guar. Russ. 1,131,375 Ditto Deb. Stock 113 137,500 Varna 7} 8} 50,00w Miras and Rio, guaranteed. 7 25 26 17,759 Ditto 7) 8 26,320 Namur & L. g. 1418 p. an.. 12 Western of France 13 16 161 9,890 Ditto guaranteed Pref. 6 26 28 1,735,200 W.of Buenos Ayres Bds. 1:3 120,000 Nitrate Railways, 1to120,000 22 231 263,980 Ditto do. Reg.Certs. 6 (It 113 18,000 Ditto Def (Bonus) Shares 21 23 1,797,800 Ditto, Mt. Debs.. 5 105 106 40,000 North-East Uruguay Pref. 7 153 15 179,600 West of Sa. Paulo. D Bds. 7 109 112 33,500 North-West Argentine Pref. Ź 109 112,000 Zafra & Huelva Bonds 3 350, 300 Do. Per. Db, Stk. Prov.Crt. 6 124 5,966 North-W. of Uruguay, Lim. AMERICAN RAILROAD SHARES. 567,280 Ditto ist Pref.. 6 83 87 285,394 Ditto and Pref. 67,607 Alabama G.S. "A." Pri, £10 0 9 98 5 ST 54 156,600 Ditto Ditto Deb. Stock... "B" Ord., 410 2 371,995 115 118 44,597 Ottoman (Smyrna to Aidin). 150,000 Alabama, N.O.,"A"Pf, 410 22 23 Ditto 250,000 "B" Def., LIO 44,000 Palermo Marsala, &c. 14 15 92,000 Piræus, Athens,& Pelop. Ry. 805,200 Atlantic ist L.L.R.T., stock 4 3 76 78 5 $18563200 Central of New Jersey. $100 6 97 7,700 Porto Alegre & New Hamb. 7 99 Ditto Debenture Stock.. 68,000,000 Cent. Pac. of California, $100 - :64 173,409 364 103 73,303 Prov. Orel-Vitepsk 39,680,361 Chc. Mil. & S.PaulC.Sk, $100 5 70 691 guar. 5 197 21,596,900 Ditto 241,979 Quebrada Rly., &c. Pref., $100 5 18 Ditto Deb. Stock .... 11,247,035 Cleve.& Pts.,gua. by Pen, $50 7 400,000 81} 2 6 70 75 1, 200,000 Recife and Sao Francisco,g. 1,717,000 Delawar&Bound Brook $100 8 104 106 73,920 Riga and Dunaburg 24,500,000 Delaware &Hud. Canal, $100 6 IZ 18 39,90 Royal Sardinian 38,000,000 Denver & Rio Grande, $100 171 10 111 59,865 Ditto Preference 23,650,000 Ditto Preference ..$100 2 187 12 2,000 Royal Swed , 7............ 27,500,000 East Ten. Virg. & Gecg. $100 9 18,500,000 Ditto Preference Do. and Prf. Stk. $100 23 000 24 181,500 Royal Swedish (Ass. Prop.) 40,000, oso Illinois Central,C.Stck, $100 7 :17 108 110 29,057 Sambre and Meuse........ 10,000,000 Do. L. Line 4% Stk, $100 4 49,466,500 Ditto Preference TO6 19,990 st 12 13 100,000 San Paulo Brazilian, guar. 7. 32,148, 300 Louisville & Nashville, $100 % 67 42 Ditto Debenture Stock 38,500,000 Mexican Central Common., 750,000 14 5 131 134 19,687 Smyrna and Cassaba 46,405,000 Missouri Kan. & Texas, $100 243 251 6,250 Ditto Preference (N.Y.Cent. & Hud. R., $1004 28 99 89,428,300 143,044 South Austrian.. Do. div. pay London, $100 4 98 rok 30,000 Southern Brazilian, guaran. 7 77,366,500 N.Y.L.Erie & Western,$100 281 291 13 19 8,149,400 Ditto 6 d.c. Pref., $100 6 71 975,5,2 ::8 *21 323,832 Swedish Central Deb. Scork 4 N.Y.Ont. & W.C. Stk, $100 171 58,113.982 70 173 78 216,098 Ditto Preference Stocks Do. London Register $100 15 IÓ 65,500 Taltal, Lim., Ordinary Sh. 8,000,000 New York Susq. Pref. $100 32 75 16 7,000,000 Norfolk & West., Com. $100 44,687 Varna 6 7 22,000,000 Ditto 26,757 West Flanders Pref., $100 3 53 13 14,000 Ditto Preference ........ $50 8 6,000,000 North Pennsylvania 55 12 131 49,000,000 Northern Pacific C.Stk $100 26 27. 37,483,618 Ditto Pref. Stock i.$100 62) 631 20,000,000 Ohio&Mississippi, Com $100 22 4,030,000 Ditto Preferred, $100 87 89 FOREIGN RAILWAY OBLIGATIONS, 98,521,300 Pennsylvania R. Shares, $50 5 53 39,480,361 Phil. & Read., V.T. Cts.$50 221 221 19,714,285 Pit.F.W.&Chc.,g. Pen., $100 7 157 IS8 200, 300 A goas, Debs.. 6 107 109 10,500,000 St. Louis &S. Fran.Con. $100 23 25 660,000 A of gasta (Chili) ist Mort. 5 104 106 I6,000,000 Ditto and Pref., $100 5 ho 63 400,000 A uco, Lim., 1st M. Db... 5 102 104 11,950,000 St. Louis Ark. &Texas C. Stk. 9 510,700 Bay of Havana Scrip Certs. / !.6 to) 2,490.000 St.Louis Bridge ist Pzf., $100 6 103 II2 2,422, 340 Beira Alta (Portuguese).... 3 5 3,000,000 Ditto 2nd Pref., $100 3 53 S5 165,900 Bergs .gernas 5 78 1,250,000 Tnnel.Rail.of St. Louis, $100 108 244,700 Brazil G.South.Sterl. Mt. Db. 6 104 IC6 60,868,500 Union Pacific $100 7 60 5a} 33,750 Ditto Debs. 20,000, oco WabashSt.L.& Pa.C s., $100 15 16 김 395,300 Brazilian Imp.Central Bahia 6 118 120 20,000,000 Do. Pref. Cs $100 6 295 291
% 1,330,000 Atlantic & N.-W. G. ist M. 5 109 III 11,279 Atlantic and St. L. Shares... O 149 150 52,513 Buffalo and Lake Huron 121 297,600 Ditto ist Mort. Per. Bonds 5131 466,158 Ditto and Mortgage 50 30 132 393.400 Canada Central ist Mort. Bonds, int. guar.... 650,000 Canadian Pacific .... guar. 3 563 577 7,191,500 Do. Sterl.ist Mort. Bonds 5 106 108 3,093,700 Do. 50-year LandGrant B. 3} 981 23 750,000 Do.Algoma Brnchist M.B. 105 107 100,000 Caraquet, Lim., ist Mt. B. 6 886,800 Chic. & G.T.ist Mt. C. Bds, 6 111 113 165 000 Demerara 8o 83 115,000 Ditto Perpet Preference. 7 140 145) I 1,000 Emu Bay & Mount Bischoff - 41 3 125,000 Do. Irredeem. Deb. Stock 41 103 105 216, 600 G. Trnk.&G'organ Bay,1 M. 105 30,53), 28 Grand T. of C. Con. Stock IO of 5,219,794 Ditto Guaranteed Stock 4 74 75 3,420,000 Ditto ist Preference Stock 67 68 8,530,000 Ditto and Ditto 469 47} 7,108,055 Ditto 3rd Ditto 26 263 444,100 Ditto and Mort. Bonds 131 133 4,270,575 Ditto Perpet. Deb. Stock 5 125 127 5,874,151 Ditto Ditto 4 36 97 8,723,080 Ditto G.W. Perp. Deb. St. 5 119 I21 730,409 Ditto Bonds, repay. '90 194 106 323,500 Grand Trunk Junc. Bds..... 5 I13 200,700 Ditto Mort. Bonds 5 10? III 437,600 Ham. and N. W. 1st M. 6 III 113 540,000 Manitoba and N.-W. Ist M. 6 109 $2,544,000 Manitoba S.-W.Colon. Ist M. 5 10+ 100,000 Melb. & Hobson's Bay Bds. 5 163,300 Mich. Air Line, ist Mort. B. 5 108 TIO 472,400 Mid. Can. Ster, ist Mort... 108 IIO 1,142,300 Do. Con.ist Mort. Bonds 5 MIO 115,300 Montreal & Champ., 1 M.B. 5 105 107 115,800 Montreal&Sorel ist Mort... 6 15 6co,ooo New Brunswick 1 M. St. B. 5 Tor 400,000 Newfoundland ist M. Land co 25,000 New Zealand Midland, Lim. 692.400 Nor. of Can. Ist Mortgage 6 108 IIO 24,700 Ditto 3rd Pref. Bds. A & B 6 105, 300 Ditto ist Nth. Exten. Bds, 6 105 3",000 Ditto Improve. Mortgage 6 103 105 363,350 Ditto Debenture Stock 94 95 $2,000,000 Ont. & Queb. Capital Stock 6 123 125 3,432,191 Ditto Perp. Deb. Stock.. 5 118 200,0oc Quebec Cen., Prior Lien Bd. 5 97 ၄9 676,000 Ditto Income Bonds.. 5 23 28 5,500 St. John and Maine 28 33 50,000 Ditto Deb. Stock........ 5 110 112 soo, ooo St. Lawrence &Ottawa Bnds 90 72 243, 350 Tasmanian Main Line Pref. 6 17 050,000 Ditto Debentures... 4 84 100,000 Do. Pre-Pref. ist Mrt.Dbs. 5 272,650 Temiscouata ist M. Deb, B. 5 96 710,oo Ior. G., & B. ist Mort. Bds 4 93 95 165.500 Well. G. & B. ist Mort. .... 7 101 103 70,512 Wellington & Manawatu Ss. 400,000 Ditto, Debs., 1908........ 5 107 109 ito,000 Ditto ditto, and Issue .... 5 102 104 320,000 Ditto do, 3rd Is. Sp. all pd. 5 104 11,025 Windsor & Annap. Prf. Sh. Ś at si 199,00 Ditto “B” Deb. Stock 4 72 77 Page 6
A. MONARCH - KINO, CRANE'S LOCOMOTIVE OIL, 15 & 17, BROOK ST, LONDON, W. P, MOIR CRANE & Co
CONTENTS. PAGE Some Anomalies in the Working of Briti h Rail. ways.- Locomotive Earnings 95 “Bisley Common 77 Canadian Pacific Railway.. 999 Notes and Comments American and Canadian Railways Money Market. 983 Miscellaneous Companies' Dividends and Reports 999 MANUFACTURED BY Correspondence 391 German Railways 962 Rambles by Rail Argentine and South American Railways. (pcial Traffic Returns 995 Meetings of Shareholders 1005 MANCHESTER. London Official Share List LAIDIES DEPARTMENT62, New BOND ST., AND 15, BROOK St. For use throughout the Engine. GENTLEMEN'S DEPARTMENTORDINARY AND EXTRA Qualities OF 63, New BUND ST., AND 17, BROOK St. THE METROPOLITAN Estimates given for Court, Diplofor Engineering & Mining purposes. RAILWAY matic, Army and Navy Uniforms, Russell's Ramps, Steel Castings up to Bank, Club, and Private Liveries. CARRIAGE AND WAGON 15 tons, Files, &c., &c. Ladies Costumes from £5 58. COMPANY, LIMITED, SAMUEL OSBORN & Co.. SALTLEY WORKS, BIRMINGHAM SHEFFIELD. CITY ADDRESS Successors to Messrs. TOSEPH WRIGHT & Sole Makers of Mushet's Special (Self-39 & 40, CORNHILL, LONDON SONS), Manufacturers of RAILWAY CARRIAGESI Hardening) and Titanic Steels. EC. TRAMWAY CARS, WAGONS, and RAILS WAY IRONWORK of every description. RAILWAY CARRIAGES and WAGONS THE MIDLAND built for CASH or upon DEFERRED PAY. MENTS extending over a period of from RAILWAY CARRIAGE & RAILWAY-CARRIAGE THREE to TEN YEARS. A large number of COAL, IRONSTONE, IRON COMPANY, AND WAGON COMPANY BALLAST, and other WAGÓNS to be LET on HIRE LIMITED LIMITED Manufactory and Chief OfficesOPENSHAW, MANCHESTER, Manufacturers of RAILWAY CARRIAGES, TRAM CARS, WAGONS, and RAILWAY SALTLEY WORKS, BIRMINGHAM. Manufacturers of every description of IRONWORK of every description. Branch Wagon WorksRAILWAY CARRIAGES, WAGONS, GREAT EASTERN RAILWAY, TRAMCARS, BRIDGE-WORK. WAGONS Built for Cash, Deferred Payment, PETERBORO'. or Hire, Railway Ironwork, Carriage and Wagon Wheels, Mansell's Wood Wheels, Axles and Forgings, E. JACKSON, Secretary. Foundry Work in Iron or Brass, Builders' Iron. Chief Offices—MIDLAND WORKS, BIRMINGHAM THE BIRMINGHAM work and Contractors' Plant. Branch Works-ABBEY WORKS, SHREWSBURY Travelling and Fixed Cranes, Switches, and Crossings. Turntables, Water Columns. Water London Offices—SUFFOLK HOUSE, LAURENCE RAILWAY Tanks, Pumps, &c. POUNTNEY HILL Wagons built for Cash or Deferred Payments. Madal, ESTABLISHED, Moda CARRIAGE AND WAGON , London Office- 1862. 1833. 1851. I, WESTMINSTER CHAMBERS, S.W. COMPANY, LIMITED, F. MCNEILL & CO., Manufacture RAILWAY CARRIAGES,TRAM- CARS, and WAGONS of every description, on ments. They have also Wagons for Hire capable of carrying six, eighi, and ten tons, part of which are constructed specially for shipping purposes. INODOROUS , Wagons in working order maintained by Con- AND FOUNDATION FELTS FOR DAMP tract. Manufacturers also of Ironwork, Wheels, and Axles. COURSE, EDMUND FOWLER, Managing Director. HAIR FELT FOR BOILERS & STEAM WORKS SMETHWICK, BIRMINGHAM, PIPES. LIMITED, Established 1847, OLDBURY WORKS, near BIRMINGHAM, LIMITED, SHEFFIELD. Makers of Steel Weldless Tires, Axles, Springs. or "Payment over a period of years. Railway "SPECIAL GUARANTEED" SPRING STEEL MANUFACTURERS OF Wagons for Hire, For Railway Locomotive, Carriage and Wagon Goodwin and How's Patent Springs, and for Road Van, Dray and Lorry, , Chief Offices &c., Springs. PLANISHED STEEL BARS Key Clips, OLDBURY WORKS, near BIRMINGHAM, For Shatting for Engineers, Machinists, Agri- London Offices- cultural Implement Makers, &c. FOR HOLDING KEYS IN 7, LAURENCE POUNTNEY HILL, E.C. London Office--1, Queen Victoria St., E.CI RAILWAY CHAINS.
THE OLDBURY
BROWN, BAYLEY'S STEEL WORKS, TURTON BROS. & MATTHEWS SHEFFIELD, Page 7
“6. The profits from the telegraph, sleeping-cars, express, grain a dollar was ever paid, and ultimately the Government com. clevators, lake steamers, and other similar adjuncts of the railway promised with its creditors for the payment of a very modest service, which on nearly all other lines are given over to private parties sum in satisfaction of all demands. There is, too, a Monte or corporations, are, in the case of the Canadian Pacific, preserved to its shareholders; and their value is shown by the fact that the profits Video Gas Company which are creditors of that city for a confrom them last year amounted to about one.third of the interest on the siderable sum, long outstanding, under a municipal guarantee. first mortgage bonds of the company, notwithstanding that it was only Messrs. Baring state that the City of Monte Video has no outthe second year of the full operation. “7. The freight traffic to and from China and Japan continues to in. standing loan, but it has debts which it is either unable or uncrease, but the steamships forming the present temporary line on the willing to discharge. The interest on the loan now offered is Pacific, having accommodation for very few passengers, this business £76,560, which cannot but be regarded as a substantial addition which should give more profit than the freight is consequently limited. Arrangements are said to be in hand with an independent company for to the local burdens of a city of 200,000 population. As an a fast Atlantic service, and a first-class service between Vancouver and investment we should prefer the bonds of a city and a province Australia, and the directors are disposed to surrender the Japan and which had a better record than that of Monte Video, or the China service to the same company is favourable arrangements can be State of which it is the capital, even though they had not the made. "8. The railway system of the company is reported to have been advantage of forming one of the multitudinous issues of Messrs thoroughly maintained, and the entire cost of maintenance and renewals Baring and Co. included in working expenses. “9. A large number of wooden bridges and other structures tave been superseded by embankments or other permanent work since the MEXICAN CENTRAL RAILWAY. line was opened for traffic. “10. The extensive works commenced three years ago for the pro. The report of this company for the year 1888, presented at the tection of the railway in the mountains from snow were completed meeting held last week in Boston, covers results already made Juring the past year, and the directors are confident that no serious detention to trains in winter is now likely to occur. They are also public, and exhibits a financial position which has since been confident that all these extra works must be paid for by the Goverrment considerably modified and improved by the successful reof Canada. arrangement and conversion of February last. Our readers may “11. The improvement of the various lines worked by the company, be reminded that the plan then unanimously adopted by the the increased facilities provided, and the large number of heavy loco. motives that were added to the equipment during the year have favour. proprietors provided for the redemption of outstanding ten per ably affected the working expenses of the last seven months. On some cent. debentures and coupon notes, and gave to the first mortsections of the line the number of freight cars to a locomotive has been gage holders a marketable security to represent the 3 per cent fully doubled. of contingent dividend agreed in 1885 to be waived unless All these statements appear so far favourable for the prospects earned in any one year. An issue was created of $8,000,000 of the company,and all that can now be desired is that the com five per cent, priority bonds of which 7 millions have since mencement of friendly arrangements with the Grand Trunk will | been placed at 95 per cent., to provide for the carriage of the result in entire agreements with this company as to traffic, and plan. With the proceeds thus obtained 10 per cent. coupon tha: the constant recriminations on both sides will cease. We notes amounting to $3,827,000 have been redeemed,and interest believe that this is the sincere desire of the shareholders of both ceased from the 16th ult. The ten per cent. debenture bonds companies. will be called in next year, and a million of the priority bonds is reserved for issue when the development of business requires URUGUAY AND MONTE VIDEO fresh rolling stock. New four per cent. consolidated mortgage bonds are issued against the existing first mortgage issue, whose It appears now to be tacitly understood that bankers and holders also receive 30 per cent. of face value of their bonds in financial houses do not consider themselves bound to look into first consolidated income bonds. Second consolidated income the merits or bona fides of the undertakings which they contract bonds are issued in exchange for the existing income bonds to place before the public fur subscription. If the merits of a By this arrangement an immediate saving of $280,000 is transcontinental “refrigerator” or “live cattle” company be effected in the interest charges, and the first mortgage holder vouched by bankers without investigation, it may well be receives a capital sum of $300 with each $1,000 bond, with con that loans for South American States and provinces are re- ingent interest for fifty years instead ot twenty. garded as equally beyond the ken of these great financial houses. two years. As to the future, it is pointed out that, Deprived of that which stood in the nature of a guarantee, which on the completion of the line 10 Tampico, the comevents have shown in too many instances was a mere phantom, pany will have in its treasury over $5,000,000 of consolidated it is the duty of an investing public to discharge for themselves mortgage bonds, in addition to the $1,000,000 priority bonds as far as possible the duties which hanking firms appear to above mentioned. The report states that the successive finanhave relinquished. Messrs. Baring and Co. offer for subscription cial arrangements proposed by the board have teen adopted by a Monte Video loan of £1,276,000 with the tempting rate the proprietors with practical unanimity, for of ihe old seven of 6 per cent., said to be guaranteeċ by the City of per cent, first inorigage bonds only $131,000 are still unassented Monte Video and the Republic of Uruguay. Does Under the company's circular of January 30, 1889, first mortthe financial position of these guaranteeing bodies justify the gage bonds to the amount of $46,715,000 and income bonds to confidence of the public? The Government of Uruguay have the amount of $8,505,000 had been deposited at the close of a public debt of 15 millions, bearing 5 and 6 per cent. interest. business, April 23, 1889. This interest has to be provided by a population of a little more The statistics of the company's report compare as under with than half-a million, the debt being equal to about £30 per head. the operations of the two previous years :It is needless to narrate the past financial history of this facile 1886. 1887. 1888. borrowing State. We read in La Razon, saiá to be the most Average miles operated 1,236 1,236 reliable journal in that part of the world : Passenger earnings $1,168,750 $1,235,284 $1,321,512 “ In six months the Government has spent a million on eventualities Freight 2,511,029 3,458,005 when the estimate was $300,000 ; that the deficit is found to be more Express, telegraph, & miscel’s. 177,526 208,171 than $4,200,000, besiries the $200,cco paid ; that the Finance Minister announces to the holders of the floating debt that he will pay them by Total earnings .. $3,857,706 $1,886,578 $5,774,331 a sinking sund ; and ihat, in addition to the issue of Treasury Bills, Operating expenses.. 2,453,089 2,717,453 the Government owes a million and a half to the National Bank. It Net earnings (Mex. currency) $1,404,017 is scarcely four months since the authorisation of an i-sue of Treasury $2,169,125 $2,355,493 Bills to cover the deficiis of 1886.7 and 1887.8. These $4,000, COO (U S. currency) $1,102.072 $1,680,295 $1,748,458 seem to have been spent on personal extravagances, al hough there Net subsidy (U.S. currency)... 58,437 204,845 474,922 have been no difficulies in the way of government. Besides this, two Miscellancous 1,273 months later a million and a-halt was discovered in an accoint current Total net income with the National Bink." $1,160,509 $1.885,140 $2.224,654 Interest on coupon notes of '89 $192,013 The public have no means of verifying the accuracy of this Interest on $216,313 $316,313 first mort. bonds 733.710 1,254,677 1,357.717 statement and it is presumably no part of Messrs. Baring's daty Interest on debentures 187.500 250,000 250,000 to inquire into the subject. It is scarcely necessary to say that, Miscellaneous 24,850 74,612 77,575 it correct, the guarant-e given to this Monte Video loan is Total $1,201.073 $1,895,602 $2.001,605 not what would be classed as "Ar.” Holders of Central Uruguay Balance def $40,564 del. $10,462 Sr. $223,049 Railway shares may, perhaps, remember that a Governmet It is to be noted that in 1886 only half the interest was paid guarantee of 7 per cent. was once given to their capital. Not in cash. Page 8
of a cost value of $9,888,914 and $2,853,455 of materials and supplies April, Inc. or 4 months, Inc. or on band. As to the result of the 1888 operations on the entire system 1889. Dec. 1889. Dec. of 7,000 miles of road, the figures show 'a deficiency of $5,569,529 ; Colorado Midland... 126,860 + 14,383 502,720 +132,150 this, however, is after the payment of $2,625,000 for dividends, leav. Col. & Cin. Midland 24,259 + 2,039 102,138 + 5,265 ing the deficiency in meeting charges $2,944.529, a considerable part Col. Hock. V. & Tol. 171,653 33,185 752,794 35,585 of which was met by the auxiliary roads out of their own resources. Day. Ft. W. & Chic. 37,524 + 8,572 152,209 + 25,857 For 1889 the total charges of every descriprion, including taxes, Denv. & Rio Grande 563,500 12,661 2,187,192 31,953 interest, rentals, and sinking funds, are estimated at $10,918,558. Denv. & R. G. West. 105,650 + 9,525 429,920 + 49,383 Total net earnings in 1888 on an average of 7,009 miles of road were Det. Bay C. & Alpena 37,500 + 392 163,643 + 25,247 $6,370,819, but in 1887, on an average of only 5,342 miles, they were Detroit Lans'g & No. 86,645 + 6,905 336,267 + 43,383 $10,954,586, or a trifle more than present charges. For the first Dul. So. Sh. & Atl. 119,549 + 43,800 354,505 + 63,358 quarter of 1889 net has improved only about $150,000; that, however, East. Tenn. Va.&Ga. 409,959 + 1,936,214 +150,698 offers no criterion of fu'ure results. Oklahoma Territory has just been Evansv. & Ind’nap's 21,981 + 85,785 + 16,044 opened, and the Atchison is the only line running through it; the out. Evansv. & T. Haute 67,286 + 271,337 + 15,202 look for the crcps in Kansas at this moment is considered highly en. Flint & Pere Marq... 201,371 811,505 6,486 couraging ; rates are still being maintained. Altogether the prospect Fla. Ry. & Na. Co.... 95,574 + 401,805 + 34,414 looks more encouraging than the retrospect.” Ft.W. & Denv. City 210,000 53,792 351,080 + 85,886 Gr. Rapids & Indiana RAILROAD EARNINGS. 195, 101 + 12,181 716,809 + 31,869 Other lines......... 18,527 1,185 68,522 + 5,715 The gain in gross earnings for April is not as heavy as that for Houst. & Tex. Cent. 173,995 + 15,144 869,202 +214,103 the month of March, reaching $1,164,725, or about 4 2-3 per Humeston & Shenan. 8,0co 1,500 38,500 7,161 cent., on the roads reporting. But in March comparison was Iowa Central 99,823 3,368 462,320 + 28,591 made with a period of poor results last year-with the time Kanawha and Ohio 18,812 80,145 363 when the Burlington and Quincy strike was most hurtful, the *Kan. C. Clin. & Sp. *Kan.C.Ft.S.& Mem. 223,940 + 23,579 1,375,398 +138,235 time of the blizzard and severe weather generally both in the Keokuk & Western 13,799 + 1,370 80,310 + 5,346 17,270 east and the west, and the time when rates in the north-west Kingst. & Pembroke 1,385 94,391 890 17,803 1,747 55,970 + 4,633 and south-west were at the acme of demoralisation. Under Lake Erie Alli. & So. 5,141 597 20,613 + 4,396 such conditions it was natural that there should be in March Lake Erie & Western 184,626 + 36,700 781,163 + 187,749 this year very decided gains. But for April things were | Lehigh & Hudson ... 17,489 2,775 74,284 + 7,099 different. In that month last year the weather was good, the *Little Rock & Mem. 27,737 10,561 183,970 53,641 effects of the strike remained in much smaller degree, and rates Long Island....... 247,571 4,178 802,487 + 32,545 had been in part at least restored and for a time maintained. Louisville & Nashv. 1,315,145 + 110,730 5,536,898 +484,069 As to the current traffic conditions, some of them have been Louis. N. Alb. & Chic. 173,888 + 11,950 691,624 + 76,678 decidedly unfavourable. The roads, however, had an advan. Louis. N. O. & Texas 185,483 + 33,295 879,558 + 77,724 12,000 + 1,500 40,206 tage in having one Sunday less and consequently one working Maryland Central ... 3,327 day more than in 1888. But on the other hand the mild weather Memphis & Char'ton. 110,471 10,495 567,614 + 19,473 which prevailed during the winter operated in the other Mexican National Mexican Central...... 510,787 + 22,888 1,996,734 35,657 direction. It restricted the demard for various commodities, Mil. L. Sh. & West. 288,722 + 75,695 1,186,876 +397,328 249, 140 + 57,103 870,503 +235,062 and especially coal, both soft and hard, which the unfavourable Milwaukee & North. 88,820 225 349,432 + 37,490 statements of the roads doing a large business in the trans. Mineral Range 8,317 + 1,829 33,038 + 7,692 portation of that article make obvious. Then also in certain Minn. & St. Louis 92,737 9,679 378,835 19,576 sections the shortage of the wheat yield last season, besides Mo. Kan. & Texas... 491,169 5,204 1,857,309 - 37,063 diminishing the volume of that kind of tonnage, operated to Mobile & Ohio 198,209 + 24,017 1,014,895 +218,913 restrict activity in general trade in the districts chiefly affected. Natchez Jack.& Col. 11,909 1,766 58,359 + 6,204 Furthermore, the falling off in new railroad building has like New Orleans & Gulf 13,869 1,813 54,695 1,882 6,405 10,775,851 -- 125,722 wise been an influence of some moment; it has diminished the N.Y.Cent. & Hud. R. 2,742, 372 tonnage of construction freight. The returns published for N.Y. Ont. & West'ın New York & North'n 48,495 2,761 178,323 + 19,007 137,712 April and the four months of the current year are as under : 5.720 489,321 + 26,923 Norfolk & Western... 387,730 + 14,694 1,632,049 +111,102 April, 4 months, Inc. or Northern Pacific...... 1,593,168 + 148,300 5,596,719 +1304,983 1889. Dec. 1889. Dec. Atlanta & West Point *Ohio Ind. & West. 77,477 4,497 427,994 8,542 $24,552 $4,854 $150,618 + $4,246 Atlantic & Pacific Ohio & Mississippi 298,367 + 28,288 1,216,117 + 57,613 236,232 2,641 928,052 40,951 to Buff. Roch. & Pittsli, 7,770 154,534 + 40,305 148,418 +5 605,014 - 23,175 Ohio Southern Burl. Ced. Rap. & No 36,748 3 849,618 + 17,586 *Ohio Valley of Ky. 174, 332 23,769 199,603 + 6,427 Cairo Vinc. & Chic. 6,403 409 35,081 + 53,032 1,520 215,306 5,231 Preoria Dec. & Evans 51,731 + 5,430 222,311 Canada Atlantic + 14,259 42,365 478 155,878 + 7,629 Cape Fear & Yad. Val. Pittsburg & Western 176,771 + 25,370 666,332 +112,295 27,913 + 5,809 130,308 + 25,274 Prescott & Ariz. Cent. II,313 + 5,708 Chesapeake & Ohio 43,874 + 13,064 320, 370 19,266 1,342,664 95,189 Rich. *Ches.Ohio& Southw. & Alleghany 81,392 + 33,420 350,404 +175,705 100,162 931 595,079 + 16,836 R. & Dan. sys. (8 rds.) Chicago & Atlantic... 858,802 + 117,070 3,655,554 +386,916 167,584 50,915 679,293 11,231 St. Jo. & G. Island Chicago & East II.... 85, 300 + 3,394 844,685 + 37,776 St. L. A. &T.HI.brchs. 351,494 + 17,815 219,326 + 32,075 Chic. Milw.& St. Paul 1,819,460 70,889 6,347 314,615 + 19.083 6,238 7,181,875 +386,179 St. Louis Ark.& Tex. Chic. & Obio River 209,825 37,043 955,341 +145,806 5,417 + 1,123 25,242 + 10,738 St. Louis & San. Fran. Chic. St. P, & Kan. C. 426,756 36,273 1,719,725 + 95,318 214,721 831,497 +234,506 St. Paul & Duluth + 42,011 Chic.and West Mich. 84,812 19,749 294, 720 51,804 123,17! + 3,026 445,887 + 23,677 St. Paul Minn. & M. Cin. Georg. & Portsm. 665,098 145,260 2,183,907 – 397,613 5,054 + 366 17,707 + 497 | *San A. & Aran. Pass Cin. Ind. St. L. & Chi. 72,079 + 6,531 313,096 + 59,131 206,420 164 861,776 + 35,324 Shenandoah Val. 245,000 + 2,079 Cin. Jackson & Mack. 65,000 + 1,580 44,183 4.779 177,062 + 32,664 Staten Island R. Tr. Cin.N.O. & Tex. Pac. 62,954 + 8,960 208,269 + 26,936 285.944 + 12,277 1,171,393 + 51,225 | Texas and Pacific 469,973 + 31,917 Alabama Gt. South. 1,903,664 65,303 138,526 + 22,459 599,399 + 90,21.4 Tol. A. A. & N. Mich. 78,274 297,852 +116,036 N. O & N.-East. + 30,821 63,101 2,421 310,751 + 55,890 Tol. & Ohio Central Vicksb. & Meridian 78,586 5,175 59,539 315,350 189,945 + 27,683 | Tol. Peoria & West. 39, 349 5,569 66,031 279,588 + 2,474 Vicksb. Sh. & Pac. 35.335 + 1,163 183,576 + 12,166 Tol. St. L. & Kan.C. 280,078 +139,945 Cin. Rich. & Ft. W. 66,786 + 31,421 35,039 3,184 141,796 + 8,184 Valley of Ohio 51,326 Cin. Selma & Mobile + 4,260 187,584 + 19,053 6,002 1,724 39,491 + 4,181 Wabash Western...... 419,542 Cin, Wab. & Mich.... 1,759,873 +127,023 15,680 43,233 6,176 155,897 + 15,244 Western of Alabama 32,309 Cin. Wash. & Balt... + 2,903 181,600 + 19,084 150,294 262 651,469 5,905 West. N. Y. & Penn. 247,100 + 25,177 950,651 + 72,422 Clev, Akron & Col... 41,500 7,285 196,154 + 22,482 West, Vir. Cent.& P. 58, 103 224,935 Clev. Col. C. & Ind. + 50,739 615,792 + 48,015 2,393,642 + 86,016 Wheeling & L. Erie... 73,229 771 282,491 Cleve. and Marietta 3,645 19,995 129 76,083 12,410 Wisconsin Central ... 293,490 6,967 1,097,917 + 33,452 Three weeks only of April each year. * Three weeks only of April each year. Page 9
HOME RAILWAY WEEKLY RECEIPTS. MISCELLANEOUS COMPANIES' DIVIDENDS AND The following table shows the passenger, goods, and total receipts REPORTS. for the week ending May 18 of the railway companies of the United Kingdom which publish weekly traffic returns, with the increase or decrease as compared with the corresponding week of last year :- ENGLISH BANK OF R10 DE JANEIRO.---Dividend for half-year 5 per Amount. Inc. or dec. cent., making a distribution equal to 8 per cent., adding £10,000 10 18,641% 7334 the reserve fund, and carrying forward £7,000. Totl, recpts., week end. Ap. 20 (51 comps.)... £1,352,466 - £39,524 AMAZON STEAM NAVIGATION.—The accounts for the year 1888 £72 lis. £285. show, after making ample provision for depreciation of the fleet, hulks, Passenger receipts (39 comps.)... 537,641 76,471 lighters, &c., and placing a sum of £10,000 to credit of special reserve Goods 753,073 + 34,618 or contingency sund, a sufficient balance at credit of profit and loss to Receipts (12 comps.)* 61,752 + 2,329 allow the directors to recommend a final dividend of 3%2 per cent. The aggregate receipts, 20 weeks, to date are as follows : (8s. gd. per share) and a bonus of i per cent. (25. 6d. per share), toGross receipts ... (51 companies) ... £25,519,963 +61,120,155 gether 42 per cent., or 11s. 3d. per share, free of income-tax, making, Passenger receipts (39 ). 9,538,750 + 416,323 with the interim dividend paid in January last, a total distribution of Goods receipts ... (39 ).. 14,808,566 + 641,155 | 7 per cent. for the year 1888. The above dividend and bonus will be * These companies do not divide their passenger and goods receipts. proposed at the seventeenth ordinary general meeting of shareholders, The returns for the corresponding week of 1888 include the first which will be held on June 26. portion of the Whitsuntide Holiday Traffic. BUENOS AYRES (NE Gas. - Dividend for the year at the rate of The following table shows the amounts received from passengers and 8 per cent., 3 per cent. of which has already been distributed, with a goods by the leading companies for the 23 weeks of the current half. bonus of 4s. per share be paid upon the old shares and 25. per share year to date : upon the new issue. This is equal to 10 per cent. Passengers. Goods. City of LONDON REAL PROPERTY.--Dividend 7 p.c. for year. Caledonian 6267,000 + £13,900 £639,000 + £31,100 CONSOLIDATED TELEPHONE CONSTRUCTION AND MAINTENANCE. Glasgow & S.-W. 131,000 + 5,900 207,000 # 2,100 - Dividend 7 per cent. for the half.year, making 6 per cent. for year. Great Eastern 613,000 +22,900 618,000 + 7,600 DOUGLAS DEVELOPING SYNDICATE. —Dividend 50 per cent. Great Northern 542,000 + 25,000 920,000 +33,000 Messrs. HORNSBY AND SON, LIMIMED, GRANTHAM.--Dividend Gt. North. (Irelnd.) 123,000 + 4,200 16,000 + 7,800 34. 6d. per share on the ordinary shares for the half-year ending Great Southern & Western 130,000 + 7,600 136,000 + 7,300 March 31, 1889, being at the rate of 5 per cent. Great Western ... 1,185,009 +34,000 1,689,000 +62,000 MONTE VIDEO Gas.—Dividend 72s. per share, making 6 p.c. for year. Lancs. & Yorks 525,000 +17,900 984,000 +41,200 PANULCIILo Copper.- The accounts for the twelve months ending London Brighton............ 544,000 + 37,500 208,000 + 3,600 | December 31, 1888, in Chili, and March 31, 1889, in London, show a London Chatham 338,000 +15,705 101,000 + 1,200 profit of £11,297 after providing for interest on debentures and all Lond. N.-West. 1,414,000 + 59,000 2,462,000 +90,000 London charges to March. 31 last, and alter adaing (according to the Lond. S.-Westn............ 671,000 +29,500 362,000 + 7,100 twenty-third article of association) £1,408 to reserve fund, thus raising Man. & Sheffield 150,000 + 7,100 511,000 +29,700 it to £7,667. Interest for the half-year ending June 30 has already Midland... 791,000 + 29,coo 2,119,000 + 101,000 been paid at rate of 5 per cent., absorbing £5,625, thus leaving a North-Eastern 596,000 +39,000 1,744,000 +116,000 | balance of £5,672 to carry forward. North London 115,000 + 500 57,000 SCOTTISH AUSTRALIAN INVESTMENT.-At the halí-yearly meeting the North Stafford 69,000 + 3.000 190,000 + 5,500 chairman said that much better feeling prevailed, owing to the satisfactory South-Eastern 472,200 + 16,400 211,000 + 3,900 rainfalls, and all apprehension--for the present season, at all eventsSixteen weeks, had been entirely removed. The profits for the half-year were only Telegraphs.-West India and Panama, half-month ended May 15, estimated. They had taken 63,000 from the reserve fund, which £3,141, against £2,852 ; Prazilian Submarine, week ended May 17 would still remain at £107,000. Ile trusted that the amount borrowed £4,932 ; Western and Brazilian, £3,544. from that fund would be speedily replaced. They were giving anxious attention to the question of irrigation and water supply. Dividend at the rate of 772 per cent. The Chicago Breweries (Limited).—The statutory meeting of TRUST AND LOAN OF CANADA.- Dividend at the rate of 6 per this company was held at Winchester House, Old Broad Street, on cent., leaving 64,727 to be carried forward. The reserve fund amounted Wednesday, Mr. C. A. Dingwall presiding. The Chairman stated that on the above date to £ 149,589. they had called the meeting earlier than was required by law because INVESTMENT TRUST CORPORATION.–At the annual meeting the they desired also to hold a special meeting to alter the articles of chairman stated that immediately after the formation of their company association of the company, As regarded the trade of Chicago, its in April, 1888, money was very abundant, and they borrowed a good situation on the southern bank of Lake Michigan rendered it simply deal on the securities in which the capital of the company was invested, enormous. The two breweries of the company were insured in upwards | divided had been derived from actual revenue on their investments, thereby adding considerably to the profits of the year. All the profits of fifty insurance offices in this country and abroad. The late owners of the breweries had-although there was no obligation upon them to The net profit on the sale of securities, &c., had been £18,766, out of do so.---subscribed largely for shares of the company, thus evincing the which they had written off all the preliminary expenses, £8,300; and confidence they had in the future of the concern. Mr. R. B. Martin, they had put £10,000 to the reserve fund. They paid 4 per cent . on well known in the banking world, and Mr. Paterson, of Broads, the preferred stock, and the distribution now proposed on the deferred Paterson, and Co., had been out and inspected the properties, and stock would make, with the interim dividend, 734 per cent. on that were highly delighted with all they had seen. He (the speaker), stock for the period the money had been in the company's hands. The accompanied by a co-director, intended shortly to pay a visit to present value of their investments was £43,000 in excess of their cost Chicago and to personally inspect the properties. They anticipated price, which was equal to 272 per cent. as nearly as possible on the being able, on the receipt of the accounts from the other side, bonds of United States railways, £400,oco in bonds, debenture stock, whole investuents of the company. They had £1,083,000 invested in to declare satisfactory interim dividend. (Cheers.) They were uncertain what date they would make the accounts up to: 2.35,000 in shares of other companies, and in foreign State and city and guaranteed shares of other railways, £130,000 in bonds, and whether June or December. June was the busiest month of the year for brewers, so they might select December. They were consulting the loans. they had £58,000. They held no shares having an uncalled management on the other side on the subject. Mr. R. B. Martin stated liability. A resolution was passed empowering the directors to issue that he was perfectly satisfied with the brewery. It occupied a central 100,000 additional shares of £10 each. position in Chicago, which was equivalent to a brewery being situated at Positive GOVERNMENT SECURITY LIFE ASSURANCE. – Dividend the back of Park Lane or Piccadilly. He had no doubt that the share: 17 per cent. holders would receive a good return on their money. Mr. Peterson EMPLOYERS' LIABILITY ASSURANCE. —Dividend 35. per share, equal said he should like to add a few words on the prohibition question. to 74 per cent. When he was in Illinois inspecting the breweries on behalf of the com Suez CANAL.-Net dividend for 1888 84 fr. 47 c. per share. The pany a motion was submited to the Senate that the question of previous dividend was 73 fr. 50 c. prohibition should be put to the public vote. The requisite mojority could LONDON CHARTERED BANK OF Australia.-At the meeting the not, however, be got to assent to the motion, but if the majority had chairman stated that the telegraphic advices announced the complete been obtained, he did not think that any public vole would have been breaking up of the drought in the colonies were the bank was interested; in favour of the measure. No resolution was submitted, but at a and, although it might take two good seasons to repair the damage special meeting afterwards held certain resolutions were passed making which had been done, the copious rains that had fallen must tend to necessary alterations in the articles of association in accordance witń amelierate matters and encourage those most nearly concerned in the requirements of the Stock Exchange Committee. The usual vote of pastoral and agricultural pursuits. Dividend at the rate of 8 per cent. thanks to the chairman closed the proceedings. Dooars TEA.-A final dividend of 75. per share, being at the rate of 7 per cent., making for year 572 per cent. PRINCESS'S THEATRE.-On Thursday, June 27,a Special Matinee per QUEENSPORT BRICK AND Tile. -- Dividend 12 per cent. formance will be given by Miss Grace Hawthorne at the Princess's Theatre, for the half-year. LONDON AND SAN FRANCISCO BASK.---Dividend of 32 per cent. for the benefit of the National'Association for the Employment of Reserve FLAMELESS EXPLOSIVES. At the meeting on Wednesday the chair . and Discharged Soldiers. Miss Grace Hawthorne, on this occasion, will revive Mr. Richard Davey's “Paul and Virginia,” and will her- and were supplying the public with their material they would not have a man said the directors believed that a year after they had commenced self impersonate “Virginia. Lieutenant-Colonel Walter J. Boyes, word to withdraw from their prospectus. He spoké hopefully of the the Honorary Secretary of the Association, is busy organising an in prospects of the company. fluential committee. His Royal Highness the Duke of Cambridge, K.G., the Commander-in-Chief, the Right Honourable E. Stanhope, for year. ATTAREE Kuat Tea.—Dividend 5 per cent., making 12 per cent. Secretary of State for War, General Viscount Wolseley, G.C.B., &c.,Adjutant-General, Brigadier-General Lord Wantage, V.C.,K.C.B., 6 per cent. for year. MALTA AND MEDITERRANEAN GAS.-Dividend 4 per cent., making &c., and many other military men of the highest rank have already LAND AND MORTGAGE COMPANY OF EGYPT.-Dividend at the promised their patronage. rate of 272 per cent. for year. Page 10
Young's ParkAFIN LAMP AND MINERAL OIL—Deducting £15,183 guarantees for the repayment of principal and interest, the sum for maintenance and repairs, and £1,248 for land restoration and ex- of £15,000, to be lodged with the Postmasier-General as security ceptional outlays, and subject to audit, shows a profit of £53,706. for the proper working and maintenance of the cable during the From this sum the following deductions fall to be made-viz., interest term of the subsidy, the profits, and the cable itself. on mortgage debenture bonds, £9,140; interest on six per cent. convertible debenture stock, £17,142 ; tolal, £ 26,283 ; leaving £27,423 ; announced during the week: In addition to the above the following new issues have been Issue. dividend of 772 per cent., leaving £11,094 to be carried forward. BROXBURN OIL COMPANY.–At the meeting on Wednesday, in Strawson's, Limited £75,000 Dublin Distillers Glasgow, the chairman proposed a dividend at the rate of 15 per cent., 1,000,000 adding £10,00 to reserve. There had been a considerable improve. United States Brewing 700,000 ment in trade, which was immediately reflected in companies such as Imperial Russian Government Loan (Conversion)... 49,121,000 this by an increased demand for the products. Greek Government Six per Cent. (Conversion) There had been a 5,000,000 decreased cost of production, and there had also, owing greatly to the Investment Trust Corporation City of Monte Video Six per Cent. $6,000,000 agreements entered into through the Mineral Oil Association at the English Scottish Mercantile Investment £300,000 beginning of the year, to a considerable extent been an absence of the 150,000 foolish and unprofitable competition which had existed for the iast few Kellner. Partington Paper Pulp.. 549,000 Preference Securities Trust..... years. 500,000 Voigt Brewery 125,000 Liverpool Empire Theatre 65,000 NEW ISSUES Av-ala Quicksilver Mines 180,000 Stratford upon Avon Towcester and Midland Junction McCracken's City Brewery 500,000 Railway.-In our issue of Feb. 23 we gave a map showing the position of this company's line, and its importance as a link in a CORRESPONDENCE. line of communication joining two arms of the Midland Company's system. An agreement has been entered into with the [Our numerous correspondents will understand that theinsertion of their Midland Railway Company for the enlargement of the Midland letters does not necessarily imply our concurrence in the opinions Company's station at Olney, on the Bedford and Northampton expressed.) line, 9 miles from Bedford, and for the running of this com GRAND TRUNK. pany's traffic over the Midland line to Olney. Thus an oppor TO THE EDITOR OF THE RAILWAY NEWS." tunity is afforded for traffic over the 43'a miles of railway direct SIR,—The shareholders of the Grand Trunk who were not to London. It is also stated that by using the 43 miles of frightened into parting with their holdi by the scare which railway instead of the Birmingham and Wigston Junction some of your contemporaries tried to bring about can have had route, the Midland Company would have a shorter route for its no reason to regret having stuck to their guns, and will now Welsh traffic. The company now offer for subscription £48,500 reap their rewards. The effect of all the newspaper paragraphs of five per cent. perpetual first debenture stock at 115, with in- prophesying bad traffics, further great fall in prices, &c., has terest guaranteed for the ensuing five years. £115,000 of this strengthened the stocks, and by weeding out some weak “bulls ?' stock has, it is said, already been allotted. The contractor is has disclosed a considerable "bear” account. The philanthropic under agreement to finish the line by August next. writers of the articles seem quite to have forgotten that the Ronacher, Limited.—This company has been formed to arguments which they have brought forward as showing the acquire the property in Vienna, known as the “Establissement prospects of increased earnings on the American lines must Ronacher," consisting of a theatre, concert and ball room, hotel also hold good with Grand Trunks. But for the insane of fifty suite of private rooms, and café and restaurant, with all competition by these, the Grand Trunk statement of last the necessary licenses, contracts, &c. The share capital of year would have shown different traffics and profits. This £140,000 is divided into 70,000 ten per cent. cumulative pre- benefit of the higher rates will first be duly felt now, and I do ference shares of £l each, and a like amount of ordinary not doubt that 1889 may be equal to 1887. The tone in the shares of £r each. The vendor takes 46,666 shares in part Wall Street market has changed wonderfully in the last week, payment of the purchase money fixed at 2218,000-£83,000 and the tone will do so in the Trunk market, but it is only remaining on mortgage at 5 per cent.—and the balance of the those who look ahead that reap the full benefit. No one who shares is now offered for subscription. The prospectus states has read the papers daily can help having observed the change that after paying 10 per cent. on the preference shares, the which has come over some of the papers that formerly preprofits will, it is estimated, be sufficient to pay 20 per cent on dicted a fall in Trunk prices, many are now trying to explain the ordinary shares. Mr. Charles Wyndham, of the Criterion reasons why. “Trunks ought to go lower," but somehow, Theatre, is one of the directors. through certain circumstances, “ will hardly do so." Of course, Santa Fe and Cordova Southern Railway Construction it will not do for prophets to be quite mistaken, and the present Company.-This company which was formed last year to pur change of front is like a feather thrown up, showing which way chase the concession granted by the Argentine Government for the wind blows. Anyone buying Trunks at present prices will the construction of a broad gauge railway from Villa Constitu- make a large profit in a short time. The settlement next week cion to La Carlota, a distance of 187 miles announces the issue will disclose still less floating stock and easier rates, and the new at par of £660,000 five per cent. perpetual debenture stock. account will open with higher prices, and these will be supported The share capital is £500,000, the whole of which is subscribed, by the favourablc statement for April which will follow in a and £,185,365 paid up in cash. A large quantity of materials few days: and plant has been shipped, and by the begining of next year Much is talked now of safe investments, and that such are the working of the line to Melincué, a length of 75 miles will be only paying 3 per cent. How is it that Grand Trunk four per commenced. At the terminus of the line on the Parara River, cent. debentures can be bought at 96%. Through good and bad ocean steamers can load and discharge at all seasons of the year. years the dividend has always been paid, and as it is accumuThe district traversed is said to be very fertile, and is now being lative it seems beyond possibilities that the position of the comrapidly settled chiefly by Italian immigrants. A land company pany should or could ever become so difficult as to prevent the formed last year to secure settlement on the line of railway are payment of the dividend on the debentures. Instead of 96% now quoted at 50 per cent. premum. At half the average rate cf they ought to be 110, at which price they would yield £3 138. receipts of lines similarly situated, the report estimates a con and as a perfectly safe investment be cheap. Before long they siderable margin in the revenues beyond the interest required will probably touch this figure, and thus show a good profit on for the present issue. present prices but a much greater profit will be found in the Stock Conversion and Investment Trust.—This company, under 70 and 50. first and second preferences to those who buy now at anything which a few weeks since so successfully placed their stocks SHAREHOLDER. secured upon the London and North-Western ordinary stock, SOUTH AFRICAN GOLD MINES. now announces an issue of £750,000 three per cent. first charge THE “RAILWAY NEWS." preferred stock, at 8572, secured on the deposit of £500,000 SIR,-Now that the South African mines seem to be again North-Eastern Railway consols. To obtain this return for the returning to favour with the public on this side, the following investors, the company's dividend could be reduced to 4% per tabular statement may be interesting to your readers : cent., while the average dividend for the past ten years has Form'd. Extent. been nearly 7'2 per cent., and last year was at the rate of 64 Capital. Shs. fully pd. Price. Van Ryn..., 1881 6,500 acres £155,000 £1 £130,000 a per cent. It is pointed out that the returns to subscribers will Vogelstruis.. 1888 548 £r 100,000 31 be at the rate of £3 105. 2d. per cent., against a yield of from Divs. paid to 12) claims 33,000 km 61 Feb., 1888, 671% £3 2$. to £3.75. per ceni., on railway preference securities Div. 25% 1887, in already quoted. It is intended hereafter to issue a deferred charge Feb., 1838 15%, stock entitling the holders to the surplus income of the trust Jubilee...... 1887 22,000 to 5 March 5%, April 15%, altogether to property, less jó per cent. for the expenses of management (Oct, 1883 65%. Halifax and Bermudas Cable Company, Limited. - Ine Jumpers :887 42,000 £1 Div.5% Nov. 1887. (1888. profit £1200 Capital and Counties Bank are authorised by the directors of City & Sub 1837 60,000 to 30,000 71 £350 voted board this company to receive application for £120,000 in four and a (rest carried. Durb. Rudorp 1838 343 acres 90,000 £: 70,000 33 half per cent. first mortgage debenture bonds. The price of (17)% div., dec. £1 Salisbury.... 1985 issue is £, 102 per cent. Her Majesty's Government have agreed March, 1888. to provide, under certain conditions, a subsidy of £8,100 per Mysore.... Simmer Jack 1887 175,000 £i 58 20 % 1886-7. annum for twenty years. The debenture holders have, as further Yours obediently, « B." Page 11
BRITISH, COLONIAL, AND FOREIGN RAILWAYS.
OLOSING PRICES (DAILY), OFFICIAL “MAKING-UP PRICES."- May :3, 1889-May 9, 1888. BRITISH RAILWAYS.
Caledonian 1191 101) Great Northern 123 118 Do. "A" 1111100! Londoo and Brighton 158 -538 Do. "A" 153) 1161 London, Chatham, and Dover 17 Do. do.. per Cent. Pref. 1121 991 Man. Sheffield, & Lincolnshire 78 Do. do. "A" 401 Metropolitan Consolidated 87 68} Metropolitan District 361 331 North Staffordshire 1185 105 Sonth Eastern 137 129 Do. "A 114 Great Western 158) 1411 Lincashire and Yorkshire 121 115) London and North Western 183! 1651 London and South Western 1534 137) Midland 143 Great Eastern 76 Hull and Barnsley 331 North Eastern 174 North Br tish Preferred 76 Do. Deferred 55 Taff Vale.. 257
TRAMWAY AND OMNIBUS TRAFFIC RECEIPTS Mile- AGGREGATE VAMR Dru 1939 1*88 Ago 5 1889 1883. Aberdeen .. Mnya! 6266 6219 71 19 4,455 43,587 Anglo-Argentine... April 84,974 4,219 38 14 67.665 59,547 Barcelona Apr 4.32% 3,241 91 13,600 Belfast Street May 18 1, 303 936 19 20,935 16,412 Bordeaur May 17 2,483 2,375 36 ry 38,524 37,956 Bristol 1,270 1,232 II 19 21,664 18,455 Buenos Ayr. & Belgrano. Mur. 9,532 8,485 13 3 M 36,864 24,637 Burnley and District May 18 250 255 7 19 4,045 4,193 Bury Rochdale & Old.. May 18 642 655 331 19 11,199 10.636 Calais May 18 3,447 2,456 Carthagena &c. Stea na mh April 2,872 2,6-5 13,160 15.917 Continental Metropolitan Miy 13 3,443 3,184 19 51,492 48,919 Dublin 2. 207 2,272 3a 12 30 449 31 997 Edinburgh May ! 1,605 1,605 19 31,076 23,976 Glasg ) May 13 + 579 4,919 3} 19 76,503 75,830 HU Street May 13 22 316 9 5,334 Imperial May 17 373 381 91 5,795 3,143 Leeds.... Muy 4 905 3;2 19 15,909 14,381 Leipzig May 5 :.993 19 2), 520 24.392 Liverpool United 4 523 79,865 Lombarly... April 1,237 1, 102 4.530 4,625 London Gen, Onnibus May 1) 14,0;513,762 222, 177 112,957 London Roal Car May 13 3,91 2,571 19 44,633 35,376 London Synthein May 13 32) 19 4,4 5 4,333 London Street... May in 2,376 19 37,726 35,314 London .... May 4 5,334 5 236 196 19 91,323 85,313 North London.. May 13 233 381 71 4,879 North Metropolitan May 13 7,:55 7,303 41 19 I 25,023 TII,830 North Staft ord May ! 314 24,6 37 19 5,25 5,or2 Nottinghain.. May 13 477 518 19 1,24) 7.925 Provincial May 13 1,938 1,950 31,142 20,365 Seville April 1,232 858 3,615 2,694 645 622 19 13,05 Southampton .. Muy 18 26) 21 19 3,849 3, 707 Souch Colon ,344 1,380 13 I) 22,615 Surowirk and :for1 May is 463 453 3 18 7,612 7,331 Stockton and Dar May 13 13 u igrilu .... 213 215 64 18 3,922 357 320 10 18 5,313 4,903 Trainways of France. May 13 746 789 18 (1,715 12 183 Tramways of Germany.. My 11 2.083 2.163 54 13 49,6:7 37,290 I..wayi U April 6 85 ass 22.76 22,767 W:it Mitenta a May 18 539 6.6 13 7,410 Wyverna n01 17 133 18 3,79; 3,039 W polwich & S.-E. Loomiy is 26 ) 13 4,0231 3,637
1194 1199 1194 1101 119, 119} 1231 1235 1235 123 123 123 114 114 1134 113 m 113} 159 159 150 15) 152 199 154 154 156 1551 152 1554170 271 277 171 28 27t t'3 113 113 113 79. 81 81 81 EI 81 41 4 831 887 888 831 881 B7 361 361 361 361 36 36 (193 112 119 1194 1195 119 139 32 139 139 139 139 I14 1.43 116 1155 116 1593 159 160 160 1501 .60 124 1235 127 123 123 1231 841 1845 1841 84 1844 1845 152 152 1521 152 152 1401 1444 145 5458 145 77 77! 77} 771 773 331 33 331 33 035 331 1741 1751 1751 1751 1755 1751 763 77 771 775 451 553 56 551 362 262 232 252 263 265
AMERICAN RAILWAYS. THE BANK RETURN. The Bank Return fur the week ending on Wednesday, Cen. Pic. of Calif, Shares.... 36} 351 36 36 361 361 Chic. Milwkee & St. Paul Stock 63 741 691 701 May 22, 1889, is as follows :- 17 17 ISSUE DEPARTMENT. Do. do. I ref. 483 483 .84 483 10 Eries 23 251 231 291 29 294 219 30} Notes Issued.......... ... 638,297,475, Government Debt 411,015.100 Do. 2nd 103 99 обk tоб} to5, tohi to107 Other Securities 5.184.990 Il inois Central 124 T18 ::8; 119 119 Gold Coin and Buluoa 22,097,475 Like Shore 105 93 1061 106} -6 107 1961 st Louisville and Nashville Shares 69 57 6.5 7 6. N. York. Penn., ist Mort. 31 367 32;? :2$ 32 3.5 638,297,475 638.277.475 New York Central 109 110 10 1o III New Vork and Ontario 17 16! 71 171 17! 193 Norfolk and Western Pref. BANKING DEPARTMENT. 531 <3 54 53! 54 545 Northern Pacific Pref. 63} 631 644 651 655 655 Proprietors' Capital 614.553.000 Government Securities. 616.013,01; Ono and Mississippi Vidmary 33 23 231 2:1 Rest 3.167.833 Oiner Securities 22,337,633 Pennsylvania Sharcs ... 55 551 54: 541 543 941 Philadelphia and Keading az Notes... Public D-posits 17,403,511 24 233 21 13 919,23" 239 Ditto. Deferred 81 es 81 8 Oiber Deposits... Gold and Silver Coin 82 23,151,357 1,134.921 3 w.basa and St. Louis Pref 25 29 91 204 2;1 seven-day, & other Bills 213 153 Do. do. 6 p. c. Gen. Mort. 45 484 481 49 481 49 £53.185.99) 653 485,903 FOREIGN RAILWAYS. The above return gives the following results when compared Lombardo-Venet.an 93 61 101 101 103 10 103 with the previous week :Buenos Ayres & Pac. 9 % Prer 135 129 134 134 t34 134 134 Deb. 145) Do. Rest Decrea e 1401 € 3,160,833 6803 41 15 145 145 145 Bacnos Ayres & Rosario Ord... 179 162) 180 181 181 133 Public Deposits 10,493,311 Increase 179 179 97,390 Mexican Railway Stock 53 41 529 51 521 52 Olaer Deposits...... -5.151,357 Derrease .................... 3,070,679 Do. do. Ist Preference .. 1371 120 132 1324 132 1,21:31"32} Do. do. end 91 76 On the other side of the account: 914 sid 914 9.0 Ottoman Railway Shares 23 13 221 223 23 223 2} 22 N. W Uruguay First Pref. 437,822 81 85 Government Securities £16,015.015 Decreis: 87 86 85 85 86 Securities 22 387,693 | Decrease 3.5+3,731 Noces unemployed...... 13 917,230 | larrease 623,22; NEW YORK DAILY PRICES (BY CABLE Subjoined is a comparison of the position of the Bank of Thur WEEK ENDING MAY 23. Fri. Mon. Tues. Wed. Ths. England, the Money Market, the prices of Consols, French T 88 Rentes, &c., with the corresponding week of last year :- 1889 1888. Call Money, U. S. Govern. Bond '2 % 2 Bullion..... 2 % 2 % 14 % 623,232,393 22 $19,814.925 Do. Other Securities 2 % % 21 29 27 Total Reserve €15.034.151 211.783.923 Exchange on London, 60 days 47. 4.87. 4.87. 1.87 4.871 1.8714 867 Froportion of Reserve to Liabilities 423 per cent. 38 %. per ceni. Cable Transfers... 4.694 | 4.291 Votes in Circulation..... 6,24,3+3,245 (24,225,00; Exchange on Berlin 951253 93 955 Bank Rate of Discount ...... 25 per cent. celu. Exchange on Paris 174 3.175! 5.17% 5.1715 175. 5.1;5519 Open Mirket ditto 14 per ceni. 115.15 2 per cent. 4 per cent. U.S. Funded Loan 204 | 12911 126 1271 Western Union Telegraph Shares 963 311 951 86 87 87% 274 per Cent.Consols 943 75: Canadian Pacific Railroad Snares 354 558 558 565 58 French Rentes 82. 8oc. 871. 350 Canada Southern Shares..... 324 3 531 531 481 Average Price of Weat 29. 11.1. Central Pacific Snares 351 351 3,1 353 333 305 Chicago, Milwaukee, and St. Pau 683 587 out 6, 70% 73 Chicago & North Western Pref. BANKER'S CLEARING-HOUSE. 141 1425 :42 143 Denver Shares 1?, 1.!? 17 17 17 18 Return of Paid Clearing tor the week ending May 22 :Jus Share 114 114* 115 116 116 118) Lak. Snuit Jna.es 103} 103 104 104 Trursday 625,243.000 1353 630.345.000 Tuesday 1011 90 Louisville and Nashv ile Shares 52; 681 63 68 63 t84 Friday 25.913,00) Wednesday 20,432,000 545 New York Central Shares 10, 1071 108) 105 Saturday 22.922,000 New York Lake Erie and Western 2ਣ ਹੈ । 283 25 2it Monday 24 205,000 Total $144.130,000 Do. Second Mortgage Bunds.. 1:55 100, 1065 10 ) 197 90 New York, Untario & vest Shrs 101 163 IC) In the corresponding week of 1888 the total was £98.206,00). ity 15% 103 16 Norbern Pacific Common Stuck .. 2571 26 28] 28) 28 22 Du. relerred....... 62 t2 641 04 6 493 nhiu & M SSissippi Urd. Snares 225 22] 1889. Brighton Railway (Daily) – Inc. 46%: 47 1888. Philad 9.pli ta liu Keadig Shares Dec. 60 St. Louis & San Francisco Preterred Ú 5.5 595 593 651 Sunday £1,953 £1,524 43.477 Uma Vacing Shares 517 61A 54 Monday 10,537 6,399 Wabash St. Louis, Pref. Shares... 23 291 23! Common Stock Tuesday 3,424 5,191 Du. 1,767 156 153 153 10 16 13 Penasy:vadia (Ponadelphia prices) 523 Wednesday 523 | 53 2,80+ 53 32 52 4,339 535 53 Thursday 3,703 3,830 73 Page 12
NORTH-EASTERN RAILWAY. Interest Gumaine december 31, 2009. Five Years
to Chains, and terminates by a. lunc FIVERSE BEBENTURE STOCK, part
Great Western Four and a halt per ending 1893 Cent. Debenture Stock 148-150 TO CONTRACTORS. London and North-Western Four per Cent. Debenture Stock 133-135 The Directors are prepared to receive Tenders TRUSTEES FOR THE GUARANTEE FUND. Midland Four per Cent. Debenture for the construction of the Dunston Extension The Right Honble. W. T. Marriott, Q.C., M,P., Stock 133-135 Railways. 56, Ennismore Gardens, S.W. North-Eastern Four per Cent. Deben. Railway No. I commences by a Junction John Williams Maclure, Esq., M.P., 4. St. ture Siock 133-135 with the North-Eastern Railway Main James Place, S.W. Loncon, Chatham and Dover Four Line at the Low Fell Station, and and a Half per Cent. Debenture terminates immediately on the South The Subscription List for this Sock will Open on Stock 138—40 side of the Redheugh Branch, being a Monday, May 27, and Close on that day for North British Four per Cent. Deben. distance of 2 miles 15 chains. Town, and at noon on Tuesday May 28, for ture Stock 129-131 Railway No. la commences by a Junction the Country. Caledonian Four per Cent. Debenture with Railway i mile Stock 13-132 The bankers, Messrs. Dimsdale, Fowler, tion with ihe Redheugh Branch, being Barnard, and Dimsdales, Cornhill, London, a distance of about 34 chains. of £200,000, secured by Act of Parliment as a E.C., will receive applications for this conPlans, Sections, and Specifications may be first charge on the whole undertaking of the tractor's stock either by letter or upon printed seen on and after June 3, at the Engineer's Stratford-upon-Avon, Towcester, and Midland forms (which may be obtained from them), Office, Central Station, Newcastle-or-Tyne, Junction Railway Company (Towcester accompanied with a deposit of £15 per £100 where pricted Forins of Tender, Specifications, Olney), and additionally secured by a first charge stock and Detailed Quantities may be obtained on under 50 Vic, C. 14, s. 7, upon the net receipts Deposits in respect of unaccepted applications personal application. of the completed railway from Stratford-upon will be immediateły returned. Sealed Tenders, marked " Tender for Dun. Avon 10 Towcester, in priority to all existing ston Extension Railways," and addressed to capital amounting to £1,160,600. These two The Directors of the Company are :the Secretary, must be delivered at his office in continucus railways, being the security for the Lawrence Heyworih, Esq., J.P., Wain Vawr, York, nut later than noon, on Wednesday, interest on this stock, 43'2 miles in length, direct Newport, Monmouthshire (Director Central July 30 east and west through the heart of the Midlands. Argentine Railway Company), Chairman. The Directors do not bind themselves to accept The company's first public issue of this stock was Sir Thomas George Fermor Hesketh, Bart., the lowest or any tender. at par, and the last issue was at 105. both of Easton Nesion Hall, Towcester, Ample security will be required from the Con- such issues being without the guarantee now Alfred Barrett, Esq., M.D. (Alderman of the tractor whose Tender is accepted, given. The stock carries interest from the dates Borough of Birmingham). C. X. WILKINSON, Secretary. of the respective payments. $115.000 stock is Sir Henry Cartwright, Knt. (Chairman of the York, May 14, 1889. already allotted, and is most influentially held. Kenmare Junction Railway, County Kerry), $48,500 of this is now offered at $115, at which Clarence E. Troiter, Esq., F.R.A,S., F.S.A., price it forms a sound investment, paying nearly C.E., 26, Finsbary Pavement, London, E.C. 42 per cent. per annum. Augustine Robert Whiteway, Esq., Barrister, 8, The net average mileage receipts of railways New Court, Lincoin's Inn, and 40, Linden in England are i stimated at about to 40 per mile Gardens, Kensington, W. Yotice is Hereby Given, that the Books for the per week, whereas a traffic giving only 64 6:. Offices - Billiter House, Billiter Street, E.C. Registration of Transfers of the Company's per mile per week net, over the 43'4 miles will Debenture Stock will be closed from the 4th to be sufficient to provide interest on the whole the zoth June nexi, inclusive, preparatory to the £200,000 stock authorised. payment of the Hali-yearly Interest. return for their Money should refer to Price of subscription, £115 per £100 stock, the results recently secured to tontine policy. C. X. WILKINSON, Secretary. payable as follows: holders in the NEW YORK LIFE INSUR York, May 20, 1889. £15 on application. ANCE COMPANY, sull particulars of which can 435 on June 1, 1889. be obtained on application. This company's 435 on June 15, 1889. latest form of insurance, the 230 on July 1, 1889. " NONFORFEITING FREE TONTINE," secures valuable investment features in combinaThe Directors of this Company are prepared £115 to receive Tenders for the reconstruction in Subscribers may pay in full on application, tion with insurance at low cost, guaranteed Masonry of the Riverford Viaduct and of an and will be entitled to interest from the dates of options at the end of toptie periods, and perfect freedom, after two years, as to residence, travel, over-bridge near the Bickleigh Station, on the their respective payments. Launceston Branch Railway. The Act of Parliament under which this stock and occupation (except service in war). London Office-76 and 77, Cheapside, E.C. Plans and Specification may be seen, and is issued provide for paymənt of interest during Forms of Tender obtained, at the Office of the J. FISHER SMITH, General Manager. construction. Such interest has been paid up to Engineer, at the Plymouth Station, December 31 last, and cash for payment of interTenders addressed to the undersigned, and est up to date of completion of the railway has OFFICE marked outside “ Tender for Riverford Viaduct, been deposited on the stock already issued. 50, REGENT STREET, W., & 14, CORNHILL &c.,' will be received on or before Tuesday, the The interest upon the stock now offered will be E.C., LONDON. 4th proximo. secured by the investment in Coisols in the The Directors do not bind themselves to accept names of the Right lion. W. T. Marriott, Q C., Founded 1806. the lowest or any Tender. M.P., and John William Maclure, Esq., M.P., Existing A surances £7,470,866 J. D. HIGGINS, Secretary. as trustees, of a suihi jent snm for the payment of Invested Fu'nds 2,539,609 Paddington Station, the whole of the interest accruing up to Decem. Annual Income. 322,963 London, May 17, 1889. her 31, 1893 Claims and Surrenders paid 8,697,676 The consu uction of the line is rapidly approach. Bonuses dec'ared............ 2,971,852 ing completion ; the contractor is under agree- Prospectuses and full information to be obtained 'HE INDIAN MIDLAND RAIL- ment with the compiny to finish the line by at the Head Office, or of any of the Agents. August next, and its compl tion by that date is CHARLES STEVENS. assured, Actuary and Secretary Notice is Hereby Given that the Seventh An agreement has been entered into by this Ordinary Halt. Yearly General Meeting of the company with the Midland Railway Company, Proprietors in this Company will be held at the dated April 18, 1899, for the enlargement of the AT HOME AND ABROAD City Terminus Hotel, Cannon Street, London, Midland Company's station at Olney,on the Bed. on Friday, the 14th day of June noxi, at half-past ford and Northampton line,9 miles from Bedford, ACCIDENTS OF ALL KINDS iwetve o'clock, to receive a report from the and for the running of this company's traffic over Directors and the Accounts of the Company to the Midland line to Olney. Thus an opportunity INSURED AGAINST BY TIIE the 31st December. 1888, and to transact the is afforded for traffic over the +372 miles of rail. ordinary business of the Company. way direct to London. The Transfer Books will be closed from West of England and Weish go-ds traffic of RAILWAY PASSENGERS' Saturday, June 15, 10 Saturday, June 29. proximo the Midland Railway is carried to London via (both days inclusive). for the preparation of the Birmingham and Wigston Junction. ASSURANCE COMPANY, half yearly Interest Warranis, which will be The Great Western Railway has secured d forwarded to the Proprietors on July 1. shortened route from Wales to London, via the R. A. FAYRER, Secretary, Severn lunnel. By using the 43's miles of rail. 61, CORNHILL, LONDON way, upon which this stock is thus secured, inCompany's Offices stead of the Birmingham and Wigston Junction 3, New Broad Street, Hon. EVELYN ASHLEY, Chairman, Toute, the Midland Compiny would save from London, E.C., May 18, 1889. Swansea to London 35 miles, and have a route for its Welsh traffic from Swansea only 21 miles Annual Income.... £248,000, "HE STOCK in ex ess of the Severn Tunnel route, and for its EXCHANGE. other South Wales coal and iron traffic of a few MEMBERS OF THE STOCK EX. COMPENSATION ALREADY PAID, miles only in excess of such route. CHANGE are NOT ALLOWED TO ADVER The 43miles of railway will moreover be in £2,600,000. TISE for business purposes or to issue circulars direct touch and communication with the London to persons other than their own principais. and North.Western Railway system by means of MODERATE PREMIL'MS-FAVOURABLE Brokers or Agents who advertise are not in any CONDITIONS-VEW CONCESSIONS, at Roade. way connected with the Stock Exchange, or The interest will become payable on January Prompt and Liberal Settlement of Claims. urder the control of the Committan I and July i in each year. Lists of Members of the Stock Exchange The following are the present prices of some who act as stock and share brokers may be leading debenture stocks :obtained on application to West End o e. South-Eastern Five 'per Cent. Per. FRANCIS LEVIEN, 8, GRAND HOTEL BUILDINGS W.C, petual Debenture Stock 160-162 Secretary to the Committee of the Great Western Five per Debenture Head Office. Siock Exchange. stock 162-164 Committee Room, the Stock Exchange, Metropolitan District Sıx per cent. 64, CORNHILL, LONDON, E.C) London, E.C, Debenture Stock WILLIAM J. VIAN, Secretary, Page 13
that part which they invested themselves, and we continue on the most 1,7501. is a fair allowance for six directors. We have a very good friendly terms with them. At the same time we have now arrived at board, but at the same time we do not have their exclusive services, a position when we consider we can run alone, without the immediate and as far as my experience has gone amongst companies, I think or entire assistance of Messrs. Corbin, and that, in many respects, this sum of 1,7501, is fully up to the average pay. I am not at all in it would be better to have local agents in certain States who are favour of underpaying the directors or the servants of the Company, more intimately acquainted with the properties, and thai places us in fact, I think as regards the latter an increase of salary ought to be in rather closer touch with those people who borrow money from made. (Applause.) I should suggest, therefore, we should wait a us and the estates on which we have mortgages. We think there are little while, at all events. We shall have to meet 12,000l. interest on several advantages, and furthermore, to a certain extent, we obtain the Preference shares when that comes into operation, and we have some profits by dealing direct with the local agents that would have our real estate account at a very high figure. When this matter was fallen into the hands of Messrs. Corbin. I may mention that put forward the understanding was, I believe, that the directors would Messrs. Corbin are entirely in accord with us in that view, and make not ask for any further addition without the consent of a general meetno objection to our dealing directly with the parties. I may also ing: I think, under the circumstances, it would be better not to bring observe that we had hitherto employed a Mr. Binnie, who was a most it forward without notice, so that the shareholders might attend and excellent man, for the inspection of the properties there ; his time, express their opinion upon it. however, is pretty much occupied, in the same capacity, in acting for The Chairman-With regard to the question of arrears not being some of the Scotch Companies, and at his recommendation, and also demanded, we cannot give notice because the coupons are cut off , and upon accounts we received elsewhere, we have appointed a Mr. have to be presented by the bankers. With regard to the item of Mackenzie as inspector of mortgages, and to look specially after our 38,6711., mortgage interest accrued on current loans and overdue real estate. He is a man of superior stamp, and the reports he gives interest, no doubt it is larger than last year, but it has arisen from this are in every way satisfactory. We have, therefore, appointed Mr. cause, that formerly Messrs. Corbin credited us very early in the year Mackenzie an officer of the Company for that express purpose, and he with the amount due. Subsequently we thought it better we ourselves is constantly so employed. As regards the real estate, in what we should collect all the overdue interest, as there is a considerable penal have sold we have made a moderate profit, and Messrs. Corbin, who are extra interest paid on those arrears which we thought we were entitled especially interested in a large portion of the real estate, are going to to receive. The extra amount arose from the fact that we were not make special efforts this year, in conjunction with our local agents credited with it when Messrs. Corbin closed their account. We collect and Mr. Mackenzie, so that we think we shall be able to make a con it, and it comes in day by day. If we made up our accounts two or siderable reduction in the course of the present year. I may mention three months later than we do that item would practically disappear, that we have made no losses; on the contrary, we have made some because the amount always comes in. As regards the real estate, we profit on the transactions. I have now touched upon most of these are making very special efforts now have appointed Mr. points, and I will make one or two remarks upon the accounts. There Mackenzie. Mr. Bullock also is going over to America to look after is one item which is an exceptional charge, for the expense of the issue it, and Messrs. Corbin have undertaken to exert themselves with of Preference shares. That amounts in all to 5721. It is an item that a view to closing up as much of the real estate as they can. Mr. will not occur again, and it is all debited to this year's accounts. Then King, who has been in America, will be able to tell you something there was a very large transaction in our debentures in various ways, which has made the expenses exceptionally high, or from 400l. to Mr. King- I would like to mention to the shareholders as to the real 500l, more than has been the average hitherto. I do not know that there is anything else to call your especial attention to, as the accounts would be very little difficulty in forming a Syndicate there to take the estate that when I was in America I ascertained that practically there are extremely clear. You will perceive we have now 57,000l. of reserve whole of that off our hands, because the amount at which it stands in fund, which, considering it has been accumulated in the course of seven or our books is the original amount advanced without any interest added eight years, of course helped by the Preference share premium, shows we whatever. We do not charge interest on it in our books, therefore I have been doing extremely good and safe business. I hope, as believe there would be no difficulty in getting a party of gentlemen to regards the future, looking at the fact that the issue of these Prefer. take the whole thing. But when I proposed it to Mr. Corbin, he ence shares enables us now to borrow about 200,000l. more on deben, having a second mortgage of something like 30,000l. upon it, protested tures, and that we have got an interest upon our reserve fund of 6ool. violently, and said that he would not under any consideration allow a year more than we had before, and that we make a profit from the such a thing to be done. As the land stands in his name, there are investment of our Preference share money-we may hope, when these some difficulties in carrying out such an arrangement ; but, at the investments have been made, to realise_from 8,000l. to 10,000l. same time, we may be sure that the item in the balance-sheet is a a year more than we have hitherto done. . That should not only enable perfectly good and valid asset, and must eventually bring a consider, us to add materially to our reserve fund, but likewise, I should hope, able profit to us, or else Mr. Corbin, who is second mortgagee, would to possibly give a bonus, or something of that kind, which we shall be left out in the cold. speak about next year to the shareholders. (Applause.) I think I ought to mention that the amount of work has vastly increased ; that it re Mr. Armstrong—I think the remark you made about the appointquires constant attention on our part ; and the directors feel, looking ment of Mr. Mackenzie is very opportune. With regard to the sugat the fact that we have now a million of capital all out, that we are gestion that the directors' remuneration should return to the amount doing so well, and that some years ago, when we were comparatively named in the Articles of Association, we ought to remember that it is a small company, the directors voluntarily reduced the amount of their a legal claim to this day, if the board were to claim it. They have remuneration from that which is allowed by the Articles of Associa done very well with the business from year to year. I have attended tion, that the time has come when the labourer is worthy of his hire, every meeting since the beginning, and every year Mr. Blake has been and that we should revert again to the amount specified as being the more jubilant, and the audience more satisfied, and considering the minimum in the Articles of Association. They do not, however, wish enormously increased work which must fall to the management of the to press this matter at all, but only mention the fact, and leave it in Company, they are entitled, as a matter of gratitude, to a return to the original sum. the hands of this meeting to consider the question. With these few He hoped the reserve would be piled up, and that observations I will move :-" That the report of the directors and the time might come when the debentures would be issued at 4 per cent. statement of accounts be received and adopted.” (Applause.) (Applause.) Mr. Henry S. King, M.P., seconded the motion. The resolution or the adoption of the report and accounts was then unanimously passed, and a dividend at the rate of 10 per cent. per Mr. Dyet inquired as to the amount of unclaimed debenture interest, also as to the amount of cash at bankers, and as to the amount of re annum agreed to. muneration the directors were entitled to take under the Articles of The retiring director, Lieutenant-Colonel George A. Elliot, was reAssociation, elected. The Chairman said that by the Articles of Association the sum of Messrs. Turquand, Youngs & Co., and Messrs. Cash, Stone & Co., 2,500l. was to be paid to the board, after 10 per cent. had been dis. were re-appointed auditors, and their remuneration increased to 100!. tributed to the shareholders. The board had only been receiving per annum. 1,750!., having waived the other 750l. The board could not help Mr. Armstrong next moved :-“That the remuneration to be paid people not coming forward to claim their debenture interest. As to the to the directors shall revert to the amount named originally in the amount with the bankers and elsewhere at the date of the accounts, Articles of Association, namely, 2,5001," a large sum of money had just come in before they were made up. A Mr. Jackson seconded the resolution, which was opposed by Mr. considerable part of the money had been remitted to America, and had | Lyall, and on being put to the meeting it was carried by a slight been well invested since. majority. Mr. R. C. Lyall—There is an item of 38,6711. for mortgage interest Mr. King, who spoke on behalf of the board, then said that as the which has accrued and has not been paid, and that compares with motion had been passed by a somewhat narrow majority the directors other item, which is not quite so satisfactory, is the real estate, 47,946.; Mr. Armstrong thereupon intimated that he would raise the question 19,000l. last year, but I dare say it is capable of explanation. The would prefer that the matter should be allowed to stand over until the next against 40,00ol, last year. is on the total amount of our loans, but I rather hoped from what fell from should date back to the present time. at the next meeting, on the basis that the increased remuneration the board last year to have seen it a good deal reduced. Of course, it is impossible to lay down any hard and fast rule as to what should be directors, which was duly seconded, and carried by acclamation. Colonel Thrupp proposed a vote of thanks to the Chairman and done with our real estate, which is necessarily thrown on our hands from time to time ; but really I think we should write it off as quickly as The proceedings then terminated. possible, and wipe off our loss from time to time. I would also suggest whether it would not be a good plan if any profit on sales of real estate were to go in reduction of the real estate account instead of being Scotland was the achievement of the running of 101 miles - It will be remembered that the climax of last year's race to carried to profit and loss, and treated as proñt. Generally speaking, the accounts are very satisfactory, the debentures have increased, the Carlisle to Edinburgh-in 104 minutes, with a heavy train and interest we are paying is smaller, and there is a good deal of room over a bank 10 miles long, and rising 1 in 75, by the Caledonian for further improvement, I have no doubt. As to the matter of engine. That company is now exerting itself to outstrip this directors ' fees, that was fully discussed some few years ago, when the if need be in the coming struggle by building engines of the directors accepted 1,7501, instead of 2,500l, Personally, I think that I same excellent type, but stronger, Page 14
REPORTS. the company was 679,171 tons (exclusive of railway material), against 607,692 tons in the corresponding period of 1887. The traffic, chiefly local, in food grains (other than wheat) and pulses represented 131,617 BOMBAY BARODA AND CENTRAL INDIA RAILWAY. tuns, as against 73,274 tons in 1887, and the seeds traffic 112,076 tons, The report for the second half of 1888 states that the average length as against 78,767 tons in 1887; but the wheat traffic amounted to of the company's own line open and worked for the half-year was 461 39,261 tons only, as against 66,877 tons in 1887. In other desmiles, of which 60 miles were double. The total length of railway criptions of goods traffic, bones, cotton-seed, fruits and vegetables, jagree, (including the Rajputana-Malwa and Cawnpore-Achnera Railways, provisions, sugar, timber, and some other articles of minor importance 1,664 miles, and H.H. the Gaekwar's State lines, 80 miles) worked by showed increase; while coal and coke, full and unpressed cotton, the company during the half-year was 2,205 miles. The capital dyeing materials, metals, salt, State railway materials, stone and expended during the half-year on the company's own line amounted to marble, and some other articles of less importance, showed decrease in £17,556, of which £4,174 was spent on the ballasting and permanent comparison with 1887. The public goods traffic of the current year way of portions of the line doubled, £11,020 on stations and buildings, included 220,684 tons interchanged with the company's own line at and £2,362 on minor charges. The total expenditure on capital Sabarmati Junction, as against 214,948 tons so interchanged in the account at June 30 last was £8,634,734, inclusive of £304,684 repre corresponding period of 1887. The quantity transferred at that point senting the cost of stores and materials on hand or in transit to India. to the company's line represented 162,048 tons, of which 129,368 tons Calculated at is. 10d. exchange the receipts amounted to £679,347, a (including 73,509 tons of seeds and 13,046 tons only of wheat) were decrease of £15,819; the expenditure was £264,489, an increase of forwarded to Bombay, as compared with 148,681 tons similarly trans£10,757 ; and net earnings £414,858, or £26,576 decrease. Rate of ferred in 1887, of which 125, 140 tons (including 44,287 tons of seeds working 38.93, against 36.50 per cent. The and 31,687 tons of wheat) were forwarded to Bombay. The goods count shows increase in receipts from coaching of transferred from the company's line at the same point represented 48, 199, but a decrease in goods earnings of £23, 182, and in other re- 58,636 tons in 1888 as against 66,267 tons in 1887. The improvement ceipts of £836, The total number of passengers carried was 5,032,202, in the seeds traffic thus more than counterbalanced the falling off in against 4,725,549, and receipts therefrom £161,129, against 2164, 306. other descriptions of interchanged goods. Season tickets (15,076) yielded £6,534, against (13,094) £5,528 ; parcels, The combined results of the working of the whole of the company's &c., £25,535, against £20,165. In the hall-year also the company system, 2,125 miles in length, during the half-year, applying the same carried 616,815 tons, against 614,213 tons of general goods and mer- rate of exchange-viz., Is. 10d. per rupee, to the figures of the State chandise, receiving for this work £427,782, against 447,908, Live lines worked as to those of the line owned by the company, is shown in stock receipts, rents, &c., were £ 12,340, against £12,973, and coal and the following statement : company's materials 130,357 tons and £27,241 receipts, against 160,649 1888. 1887. Inc. or dec, tons and £29,664 receipts. Total tonnage, 747,172, against 774,862 Gross earnings £1,621,610 £1,562,504 + £59,106 tons ; total goods receipts, £467,363, against £490,545. Average Gross expenditure 687,604 655,601 + 32,003 receipt per mile per ton, 0.98d., against 0.96d. The quantity of wheat carried during the half-year was 22,376 tons, Net earnings £934,006 £906,903 + £27,103 as against 38,878 tons in 1887 ; of salt, 71,765 tons, as against 77,279 Guar. and other int.on capital 497,420 488,095 9,325 tons in 1887; and of full pressed cotton, 43,044 tons, as against 65,310 tons in 1887—the decrease under these three heads representing 44,282 Surplus net earnings.......... £436,586 £418,808 + £17,778 tons. The traffic in coal and coke, fibrous products, fruits and vegetables, grass, jagree, metals, mowra flowers, oil, country piece goods, To the company £143,857 £148,982 45,125 stone and marble, cobacco, and some minor articles, was also less than To Government 285,243 259,476 + 25,767 in 1887. Partially pressed cotton, however, represented 32,264 tons, P.c. of exp. to gross earn. 42.40 41.96 + 0.44 P.C. as against 22,598 tons in 1887, while the quantity of seeds (mostly cil The net earnings were equal for the half-year to 4.6 per cent. seeds) carried increased from 56,763 tons in 1887 to 89,885 tons in the the whole capital employed at the close of the half-year, which includ. current year. The traffic in bones, cocoanuts, firewood, food grains ing the sterling equivalent, at is. rod. exchange, of the interestother than wheat, Europe piece goods, sugar, country twist, and some bearing capital outlay on the Rajputana-Malwa and Ciwnpore-Achnera minor articles, was, moreover, heavier than in the corresponding lines), represented £20,293,765. For the corresponding period of period of 1887. The expenditure for maintenance of way and works 1897, the net earnings on the same basis rep esented a return of 4.51 amounted to £185 per mile of main lire maintained, as compared with per cent. on a capital of 420,089,850. The total amount of surplus £ 158 per mile in 1887. This increase is due to heavier renewals of profits earned during the half-year now available for distribution to permanent way during the current year, part of the rails intended for the proprietors is, therefore, as follows-.viz., from the company's own use during the latter part of 1887 not having reached India in time. line, Rupees 10,57,016 ; from the State lines worked for The locomotive expenses amounted to 16.8d. per train mile run, as Government, Rupees 4,89,705; total, Rupeess 15,46,721, compared with 16.40. in 1887 ; the carriage and wagon expenses, in- against Rupees 16,25,265 for the corresponding period of last year. cluding renewals, to 5.46d., as compared with 5.96d. per train mile in This amount having been received in India has realised £106,936 1887, while the train miles run were 1,244,359, as compared with sterling: Adding the net unappropriated balance previously held here 1,214,636 in the corresponding period of last year. The net earnings on surplus profits account the sum available for dividend is £107,413. of the period, calculated at is. 1od. exchange, amounted to £414,858, The directors now recommend the distribution of £98,154 in payment which is, however, reduced, by certain readjustments relating to former of a dividend in January next of £i per £105 consolidated stock, periods and items credited but unrealised at the closure of the accounts, making, with the guaranteed interest, a total distribution for the halfto £410,409, or £4 195. 7d. per cent. on the capital outlay on the open year on the capital stock of the company of £4 per cent., as against line, comparing with £441,186, or £ 5 6s. 6d. per cent., for the 24 per cent. in January last, and £4 per cent in January, 1887. corresponding period of 1887. Aster payment of interest, amounting to to 17,947, on debentures and on advances received from Government, LA GUAIRA AND CARACAS RAILWAY. and also of the interest, amounting to £ 188,757, guaranteed by Govern. The report for the year ended December 31, 1888, states that the ment on the capital stock, the balance remaining represents, at is, iod. gross revenue of the company's railway (224 miles) in 1888 was exchange, £203,704. Deducting from this the necessary reserve 292,650 ; working expenses, 260,536 ; leaving, £32,120. As com(nominally £4,148) towards the contribution payable in 1889 to the pared with the figures of 1887, the gross revenue showed an increase of provident fund, the surplus for the half year, divisible between the com £4.788, and working expenses, £8,664. The average earnings per pany and the Government, amounts to Rs. 21,76,949, the company's mile per week for 1888 were £77 95. 5d. as compared with £72 98. 4d., share of which amounts to Rs. 10,88,485. After payment of Indian or an increase of £4 os. Id. The sum at the disposal of the company, income tax (Rs. 31,469), the available balance represents Rs. 10,57,016. after providing for debenture interest, is £13,097. Out of this the For the corresponding period of 1887 the company's proportion of the directors recommend the payment of a dividend, free of income-tax, at divisible surplus was Rs. 12,40,824. the rate of 4 per cent. per annum, which will absorb £12,800, leaving a RAJPUTANA-MALWA AND CAWNPORE ACHNERA Lines. The balance of £297. The increase of revenue arose chiefly under the heads gross earnings of these lines during the half-year of maize, flour, and railway materials. A considerable quantity of materials amounted to Rs. 1,02,79,226, as compared with Rs. 94,61,869 for was carried for the Central Railway, of which the section from Caracas to the corresponding period of 1887, coaching traffic producing Rs. 6,331, Santa Lucia ɔn the rɔad by the valley of the River Tuy to Valencia is goods Rs. 8,51,188, and telegraph Rs. 2,527 more than the cor being stearily pushed forward. Some small quantity was also carried responding earnings of 1887, while miscellaneous receipts were towards the end of the year for a new line from Caracas via Antimano Rs. 42,689 less than in that year. The gross expenditure amounted 10 and the valley of the Tuy to a point southwards of Valencia. Rs. 46,15,805, being 44.90 per cent. of the gross earnings, as com. Arrangements have been made with the company owning the latter pared with Rs. 43,84,023 or 46.33 per cent. in the corresponding period line for an interchange of traffic at Caracas. The directors are anxious of 1887. The net earnings, therefore, amounted to R :: 56,63.421 as in every way to facilitate the operations of any enterprise which compared with Rs. 50,77,846 in 1887. Adding collected outstandings promises to contribute hereafter to the revenue of the La Guaira line. of the previous half-year, and making allowance for unrealised earnings The year 1888 witnessed considerable progress in the general developand certain special adjustments, this balance of net earningsment of the resources of Venezuela. A line was opened 34 miles is increased to Rs. 56,70,975. From this amount Government are entitled in length from Puerto Cabello to Valencia ; several railway to Rs. 31,16,017 for interest, in respect of the half-year at 5 per cent. per undertakings were font with the assistance of the their capital outlay (Rs. 11,57,26,25) in connection Government; and at La Guaira an important advance was made with the Rajputana Malwa Railway, and at 4 per cent. per annum on towards the completion of the works which are destined to provide their capital outlay (Rs.1,14,63,161) in connection with the Cawapore the commerce of the capital with a safe and commodious harbour. Achnera Railway; also to Rs.55,420, due in respect of the half-year All this activity tends to promote the general business of the country, ended December 31, 1887, as stated in the direc!ors last report. The ard more especially the business of its capital which the company's balanceremaining-viz., Rs.24,99, 539 - is divisible between Government line connects with the sea. At the beginning of 1888 the and this company, the company being entiiled to one-fifth, Rs.4,99,908, line was blocked and damaged by landslips , more serious, perhaps, in which has been placed accordiógly at its disposal. After payment of their consequences than hal been previously known at any time of the Indian income tax, the net amount available for distribution is company's history. During the whole of January the traffic of the line Rs.4,89,705. The company's net share of surplus earnings for the was more or less at a standstill, and for many weeks large gangs of corresponding period of 1887 was Rs. 3,84,441. The total weight of labourers were engaged at a great cost in removing the debris. Even public goods carried during the half-year on the State lines worked by I when through traffic was resumed a large outlay was necessary to repair Page 15
AMERICAN RAILROAD BOND8. PRESENT AMOUNT. NAME Red.% PRICE $ CURRENCY 1,750,000 Alabama Great South. 1908 6 117 127 1,000,000 Albany and Susque.... 1906 7 130 135 1,000,coo Allegheny Val.ist Mort. 1910 7. 129 133 4,532,000 Atch. Top. and S.F... 1920 43 94 96 14,277,000 Ditto Nos. I to 15000, 1911 6 103 105 15,000,000 Ditto Coll. Trst..... 1937 5 34 B6 10,000,000 Balt. & Ohio Bonds,.. 1925 5 113 7,500,000 Ditto Consols,.. 1983 115 117 3,000 000 Balt. Poto. (Main Line) 1911 6 123 12€ 1,500,000 Ditto (Tunnel) 127 6,500,000 Burl. Ced. Rap., ist M. 1906 s 93 Caire Vincennes 5 78 82 13,923,601 Canada South. Ist Mort. 1908 5 109 13,143,000 Cent. of N. J. Gen. M. 1987 s 116 118 85,893,000 Cer. Pac. of Cal., M.1895-98 6 tis I13 3,680,000 Ditto (Cal.&Or.)....1892 6 107 109 4,261,000 Ditto Land Gr. Bd. 1890 6 103 105 18,116,0c0 Ches.&Ohio Cons.ist Mort. S 994 Icon 8,000,000 Chicago & Nth. -West. 1933 5 116 118 10,500,000 Chic. & West. Indiana 1932 6 IIS 3,316,000 Chir. Bur. and Quincy 1901 5 106 108 19,385,000 Do. Nebraska Ex. Bds. 94 97 3,804, 500 Chic., Mi.., & St. P... !909 6 115 1.8 1,500,000 Do., LaCrose&Dav. D. 1919 5 104 103 5,680,000 Do., Hast.& Dakotah 1910 7 123 125 1,360,000 Do., Chic. &Lk. Sup.D. 1921 103 105 25,340,000 Do., Chic. &Pa. W. Div. 1921 3 :09 111 1,300,003 Do., Wisc. & Mins. Div.,1921 S 103 105 3,964,000 Do., Term. Mort G.B. 1914 5 104 106 3,019,000 Do., Chic. & Mississ., 1926 5 105 1,528,000 Chic, and Tomah.. ..1905 6 115 118 25.960,000 Chic. Rock Island & P. 1034 10) III 8,302,000 Chic. St. Paul& Kan. 1916-36 92 18,000,000 Chic. St.L.& N.Orleans 1951 S 120 123 15,000,000 Chic. Santa Fe & Calif. 1937 5 96 5,922,000 Cin. Wash.& Balt. a M. 1931 at 27 99 3,040,000 Ditto, 50 55 2,270,000 Ditto, 3 do. 1931 3 25 30 6,250,009 Col. Mid. st Mort. ..1936 6 107 3,000,000 Vel. & Hud. M.B.L. I. 1894 7 113 117 1,000,000 Ditto Mort. Bonds 1894 7 113 117 5,000,000 Ditto Ist Mortgage 1917 7 145 TEO 25,521,000 Den. & Rio G.ist C.M. 1936 4 83 84 3,000,000 Do. Imperial Mortgages 85 1,991,00c Det. & Mil. Eq. Bd. 1918 6 114 118 3,097,000 Ditto Consol. Mort. 1078 6 114 118 2,500,oco East Tenn. Va. & Ga. 1938 5 95 97 4,500,000 Galveston ist Mort. ..1910 6 109 3,934,900 Grand Rap.& Ind.ist M 1859 7 125 129 50,000 Ditto Muskegon .. 192€ 104 106 2,600,000 Illinois Cent. B. 7 M...1898 6. 1:3 118 2,500,000 Ditto Mortgage Ponds 31 94 95 8,500,000 Ditto Gold Bonds.. 1952 4 103 105 1,700,000 Indianap. & Vin. 1 M.B., :508 128 133 1,450,000 Ditto, and Mort. Bds., 1900 1c6 110 2,871,000 K:n C. & Wyandotte 1938 29 101 3,000,000 Lehigh Vall. Con. M. 1993 6 138 143 5,000,000 Long Island Cup. B. 1977 $ 118 30,000,000 Lusvil. & Nash. Mt. Bd. 1930 / 117 119 1,960,000 Ditto Snk. Fnds. Bds. 1910 6 108 5,000,000 Ditto ist Mort. Bds. 1030 6 1 20 122 4,000,000 Ditto, 10-40 Adjus.B. 1894 6 108 4,153,000 Ditto, Gold Fonds.. 1931 5 123 10: 1,000,000 Memphis & Charleston 1,24 6 107 109 48,605,000 Mexican Cent. Mort. Bds. 47,716,0co Ditto Glyn's Certs..... 753 764 10,221,0co Ditto Income Bonds 3 7,589,300 Ditto Glyn's Certs.. 25 11,000,020 Mexican National 1 M.G.B. 6 104 105 12, 265,000 Ditto Inc. Bds. A 63 65 12,265,000 Dirto Ditto B 18 20 1,382,00 Minneapolis &St. Louis 1921 6 3,035,000 Minn.& Pacific 1 M.P. 1936 94 10,:00,co) Minn.&SaultSte. Ma ic 1926 5 95 9,678,000 Minnesota & N.-West. 1934 95 97 $4,877,000 Miss. Kan. Texas ist Mort. , 04 07 16,483,00 Ditto, Gen. Mit. Bds. 1920 6 60 63 3,000,000 Mobile&Bırm. 1 M.G.B.1937 91 19 1,000,000 New Orleans & Gulf.. 1926 6 ço 95 21,710,000 N. Y. Cent. Mort. Bds. 1903 7 135 140 10,000,000 Ditto, Deb. Bonds.. 1904 5 114 117 16,800,000 N. Y., Lake Erie 1920 7 140 145 3.705,977 Ditto Coupon Bonds 15207 135 33,597,400 Ditto and Con. Mt. Bd.1969 6 1.6 107 4,025,000 Ditto Fund. Coup. B. 1969 5 92 95 502,000 Ditto Gold Income B. 1977 75 85 44,447,000 N. York Pen. 1 Mrt. 1005 1 321 321 IO, 549,320 Ditto Der. Int. War. 12 14 13,100,000 Ditto st 28,784,000 Ditto 3 Mrt. 1915 21 37 1,442,500 N.Y. Tex. & Mex. Stl. 1912 6 7,094,000 Nor!. & West. Gen. Mt. 1931 6 123 125 5,000,000 Ditto Imp. & Ext.....1934 6 113 115 1,500,000 Ditto Adjust. Mort... 1924 ! 114 17 46,640,000 Northern Pacific : M. 1921 123 20,000,000 Do. Gen, and Mt. ....1933 6 117 Tig 8,000,000 Do. 3rd Mort. 1937 107 109 3,216.000 Ohio & Miss. ist Mt. .. 1932 5 93 55 34,254,000 Oregon & Cal ist Mt. 1997 5 1045 1031 3,000,000 Panama Sb. Bds. E.I. 1910 6 100 IC3 3,000,000 Pennsyl.Con. Sink. Fd. 1905 6 123 128 9.900,000 Dilio, Gold Bunds.. 1913 4 110 112 14,217,000 Penn. Co. Mt. Gd. Bds 1921 a 211 113 1,450,000 Perkiomen Gd. Bds... 1918 5 90 103 24,686,000 Phil. & Red. Gen. Mt. 1958 4 95 97 24,410,872 Do ist. Pref....... 1958 5 85 25,140,518 Do and do 1958 5 69 70 6,000,000 Do 3rd do 1958 5 S3 8,956,016 Do, do 1958 5 53 20,751,090 Do. Det. Inc Bds. 8 81 6,000,000 Cons. Mort. Bd. 5 95 TCO 2,400,000 Pittsburg Cleve. &Tol. 1922 6 I14 u8 7,000,000 St. Jos. & G. Is. istM. 1925 6 108 110 1,090,000 St. Louis & San Fr. .. 1919 6 115 125 5,166,500 Ditto 2nd Mt. B. &C. 1906 6 105 115 15,675,000 St. Louis Ark. & Texas 1936 6 80 85 9,529,000 Do. 2nd M. Gd.C. 1935 43 78 32 5,000,000 St. Louis B. 1st M.G.B. 1928 7 138 142 12,100,000 St.P.Min.&Man. C.M. 19336 104 105 32,431,500 S. Pac.ofCal. zst M.B. 1905-12 6 U8 21,049,000 Tex.& Pac. ist M. G.B. 2000 5 90 92 23 227,000 Ditto and do. 2000 5 39 27, 289,000 U.P. Rail. ist Mort..1896.9 6 114 118 614,000 Do. Ld. Gt ist Mor. ..1889 7 99 103 3,397,000 Do.Call Trt. Bds.....na 102
AMERICAN R.R. BONDS-Continued. PRESENT AMOUNT. NAME. Red. % PRICE. $4,508,000 Union Pacific Lim. & Col. 5 104 1,323,000 Vick. Shrer. & Pacific 1915 0 jos 107 17 000 000 Wab., St. Louis, & P...1920 6 48 49 28.995,000 West Shore ust Mort. 4 109 II 21,00 3,000 Ditto Registered 4 108 3,000,000 West Penn. Mt. Gd. Bds. 4 102 104 1,500,000 Wheel.& L.Erie ist M.G.B 5 102 £ STERLING. 134,000 Alabama Gt. Southern 1906 E 108 IIO 276, ovo Ditto Ge.n M. B. 1927 5 93 1,425,700 Alabama,/N.O.,&Tex. :907 57 to 500,000 Ditto" and Debs... 1907 6 50 1,79:,800 Allegheny Valley ...1910 132 305,800 A. & G.W. (West. Ex.) 1876 8 65 7 133,200 Ditto Com. Certificates.. 65 no 349,700 Ditto (guar. by Erie) 1904 7 65 70 Ditco Committee's Certs. 65 70 B05, 200 Atl. ist Lsd. Lines Mt. Bds. 08 92 713,800 Baltimore and Ohio 1895 6 108 110 1,921,800 Ditto .............. 1902 6 115 117 1,686,420 Ditto ............ 1910 6 121 123 1,499,600 Ditto 1887.. ...... 1927 5 109 III 2,400,000 Ditto .... 19334 106 108 875,970 Chic. & Alt. Mortgage, 1903 6 123 125 760, 900 Chic., Mil. and St. Paul 1902 7 125 soo, ooo Cleve., Col., Cin., & I. 1914 - 127 132 398,400 Eas. of Massachusetts 1906 6 125 177 760,000 Ill. Central Sink. Fd. 1903 5 105 108 500,000 Ditto Sterling Gld. Bds. 1895 o 200,000 Ditto ...... 1905 5 108 110 1,000,000 Ditto Bonds........ 1950 33 96 98 535,600 Leligh Val.C.M. "A." 1897 6 109 398, 388 Louisville and Nashvl 1902 6 115 118 700,000 Do. Memp. &0.1st M. 1901 7 125 Boo,000 N. Y. and Canada.... 1904 6 115 118 2,000,000 N.Y. Central Bonds 124 126 $8,000,000 N. Y., Pen., &0.P.L.B. 1895 6 107 110 240,000 Do. Equip. T ust .. 1908 5 97 441,600 Nor. Cen. Con. Mort. 1904 6 569,800 Panama General Mt. ..1897 7 104 IC6 2,781,600 Penn. General Mort. .. 1910 6 190 132 4,693,800 Do. Con. Snk Fnd. M. 1905 6 $5,000,000 Phil.and Erie Con.Mt. 1920 6 131 133 € 1399800 Phil. and Read. Gen. 1911 132 1,872, 800 Ditto Improve. Mort. 1897 6 195 1 7 61289400 Pitts. and Con. C.M... 1926 6 130 132 948, 200 S. and N. Alabam. B... 1903 6 III 113 258,500 Un. Pac. R., Omaha ..1896 8 113 124 369,200 Un. New Jer., R. & C. 1894 6 I10 1,133.800 Ditto ditto Gen.M. 1501 6 123 BRITI8H AND INDIAN BOV. SECURITIES Cousols 3 10t 1011 35.563,9101 Do. for dct. June 3, 1889. 3 101) 5,741,262 Reduced 3 100) Ditto for Account ...... 3 100% 100% 225,746 New, January, 1894 IUC 153 514314702 ( 29 p.c. till 1903, then 2p.c. 99 99} Ditto for Account, Juce 3 2 90 597 4,647,799 24 per Cents., 1905... 24 99 : CO Two-and-a-Half { Cents. 21 per 33,228,820 961 07 Ditto for Account 97 36,526,057 Local Loans Stock ........ 3 1031 1011 2,500,000 Ditto. Scrip £60 to pay .. 3 30,000 Red Sea Tel. Ann., Aug.1908 131 141 3 35. dis. 28.pm Ditto (June. 3 par 55.pm 3,000,000 Can. Gov. Int. Rail. 1903-8.. 4 300,000 Ditto Kupert's L., 1904 4 110 1,500,000 Ditto Bonds, 1910 ......4 114 116 1,700,000 Ditto Bonds, 1993 ..4 116 119 9,131,600 Egypt. Gov.Guar. Loan, Bds. 3. 214,900 Isle of Man Debs. 3 99 101 358,100 Jamaica, July 1, 1897..... 3,815,200 Turkish Gua., 1855........4 103 14,553,000 Bank of England Stock .... 10 335 2,769,-31 Bank of Ireland Stock...... II 63,493 245 India Stock, Jan. 5, 1931 .. 34 109 109 Ditto Account 35 soy! 1093 19,748 548 Ditto. Oct. 5,1948 .... 3 1004 ICI Ditto Account 3 1oC 101 2,000 000 Ditto Deb., Aug. 16, 1889 39 3.200.000 Ditto, ditto 1891 31 73,436,519 India Rupee Pape! .. 20, 502,613 Ditto ditto 1893 FREE OF STAMP DUTY. 16,934, 326 Met. Bd. Wks Sk.,Ot.6, 1929 31 1:2 113. 10, 350, ora Ditto. Feb. 1, 1941 3 103 1031 852,000 Comin. of Sew.(Lond) all pd 3 03 1,526,400 Corp. of Lon. Bds 1888-92.. 37 2,327,500 Ditto ditto 1893.93 33 TO 3 264,500 Ditto ditto 1912 .... 3 99 996, 200 Ditto Deb. Scrip all paid 3$ 101 103 3,550,000 Birmingham Corp. Stk, 1946 31 T13 1,000,coo Ditto Stock, 1947 ....., 3, 101) 484,500 Brighton C. 3. p.c. red. 1946 3$ 1091 110 800.000 Cardiff Corp. Sk. red. 1935 39 495,142 Croydon Corp. Irr. Stk..... 3 Iro TI 1,250,000 Glasgow Corp: 31% S., 1914 34 1,170,000 Ditto Irredeemable Stk. 3 500,000 Hull Corporation Stock.... 34 6091 ro 1,317, 426 Leicester Corp. 3. p.c., 1934 34 325,000 Lincoln Corp. Red. Stock.. 98} 998 7,741,962 Liverpool Corporation Stock 34. 11. 112 300,000 Middlesboro' 34 p.c. Stock 37 105 107 562,930 Newcastle C. Sik., red. 1936 35 108 405 600 Ditto 3, p.c. Irredeemable 34 109 2,803,000 Nottingham Corp. Stock 3 99 704,000 Portsmouth Corp. Stock 31 108 109 500,000 Reading Corporation Stock 3 1083 1091 116,000 S. Staff. Mines Dge. Deb.. 47 800.000 Swansea Corp. Stock 34 109 11 108,600 Tynemouth Corp. Red. Stk. 3 053 yes 117,000 Wevinouth & Mel.Regis.Sk. 3 co 158,000 Windsor Cor.3p.c. Deb. 1918 3. 975 58 655,000 Wolverhampton Corp. Stock 34 109: 109/ SUBJECT TO STAMP DUTY. Ditto Water Annu. of Eu 330,290 Blackburn Corp. 4 p.c. Con. 4. 879,6 30 Do. Irredeem. Stock 30 1,702,012 Bristol Corporation Deb.Stk. 3 108 233,009 Glasgow Çor, 31 pc. r. 1907 37
CORPORATION STOCKS. -BRITISH–Conta, PRESENT AM. NAME % PRICE £300,000 Hull Corp. Stock, red. 1943. 34 196,767 Lee Cons. Perp. 4 p.c. Deb. 4 2, 305,250 Leeds Corp.Con. Deb.Stck. 117 119 987,284 Ditto 35 p.c. Stock, 1881 34 Ic8 110 100,000 Longton Corp.31p.c. St., 1932 34 3,775,735 Manchester Corp. Cl. Stock 125 128 100,000 Middlesbro' Mortgages, 1908 1 751,921 Sheffield Corp.31 pc. Red. S. 31 9,077 Ditto Water Ann. Prog. 43,157 Ditto ditto.. 247,220 Southampton Cp. 39 p.c.1945 31 TO2 T04 82,300 S.Staff. Mines Dge.45% Deb. 45 297,200 Stockton Cp. 41p.c Mt. 1908 log 149,640 Swansea Harb. Trust Déb. COLONIAL GOVERNMENTS. 100,000 Brit. Columbia, April, 1894 5 TO7 100 150,000 Ditto July, 1907 6 125 123 205,400 Ditto 1917 45 p.c. Deb... 43 115 117 86,300 British Guiana 4 p.c. Deb... 4 100 480,000 Canada, Int Rail. Loan, 1903 5 117 119 5,207,400 Ditto ditto 1904-5-6-8.. 4 1:1 13 2,859 022 Ditto Reduced(late 5 p.c) 4. 113 115 505,60 Ditto Bds. I909-34...... 34 to to8 709,500 Ditto Loan, 1910-35....4 115 2,350,oyo Ditto Loan 1933 3 94 971 224,400 Cape G. H.,1890-1900.... 6 72,200 Ditto 1891.. 6 123,800 Ditto 1900........ 5 1.542 200 Do. red. by ann. d. z'/, acc. 103 679,900 Ditto ditto 570, 700 Ditto 106 Ic 503, 300 Do. (Bonds)1917-22... III 113 14,500 Do. Wynberg Ry. Deb. 880, 900 Ditto, 10/40 Deb. tos 110 784 550 Ceylon, from 1882 4 106 108 749,000 Þitto from Feb., 1886-90 4. tc6 to8 137,800 Fijian Government Debs... 4695 108 200.000 Hong Kong Deb. Scrip 99,63 Jamaica 1% Sink Fund, I.1887 43 104 377.4co Ditto ditto ditto 104 345,700 Manitola 5 p.c. Deb., 1910.. 5 114 116 306,coo Ditto Sterling Bds. Scrip. 5 114 115 161,000 Mauritius, 1895-96 115 58,700 Ditto 1881 4 105 107 77, 30 Ditto Cons. Debentures 4 102 104 35,200 Natal, 1896, 2 P.C., Sink. F. 6 79,200 Do. 1999, 1 p.c. do..... 3 758,700 Do. 1 p.c. from 1880 .... 41 114 116 112,500 Do. 1926 4% Deb......... 4 107 109 311,700 Do. 10-40 Loan... ..... 5 107 109 336,000 New Brunswick, 1886-91 -O New S. Wales, 1888-94.... 5 102 tos ...... 5 107 119 483,300 Ditto a p.c. 1872-1898 .... 5 106 TOS 7 201,000 Ditto 1993-5-8-9-10 107 II! 813 700 Ditto, 1910.. 109 24,100 New Zealand, 1891 105 107 378,800 ..... 5 119 1,128,400 Ditto Consols 105 Ditto March, 1801 105 YO7 262,200 Ditto June and Dec. 1891 6 106 31,600 Ditto Prov. Aucklnd, 1896 6 107 II) 2, 207, 300 Ditto 10/40, 1883-1918.... 5 IC 2 123 388,000 Ditto 1889 .... 5 4.214,100 Ditto Bonds, conv. 1892.. 5 114 800 000 Quebec (Province of), 1904 5 113 B62,000 Ditto 1906 ... 5 113 792,300 Ditto (issd. in Paris) 1919 5 6 103 300,000 Ditto Šter. Bonds, 1912 5 116 722,000 Do Strlg. Bd. (Lon.issue) 104 1,371,650 Queensland, 1891-6 6 106 113 8,985,900 Ditto 1913.15...... 116 tc 79,7co St. Lucia Deb.... 4 106 103 24,000 South Australia, 1388-1890.. 6 466,800 Ditto 1891•1909. 6 106 125 604.700 Ditto 1907-1918 6 118 133 Ditle 1889-1920 5 108 123 7,766,700 Diru, 1894-1916 107 *00,000 4 106 108 1,3 15,200 Pitto 1916. 4 105 107 595,300 Ditto 1917-18-24 Bonds 4 109 24,000 Straits Settlements Gov. 4 107 109 202,500 Tasmania, 1895 6 115 Ditio 1893-1901 ......6 15 1,900,000 Ditto July 1, Iços. 107 1,000,000 Ditto, 1886, red. 1911. 4 107 192,46) Trinidad Deben 5 104 325,400 Ditto Deben .... to 850,000 Victoria, 1891 6 105 107 2,107,000 Ditto 1894 5 TO7 109 4,500,000 Ditto 1899-1901 ....... 4. 156 1c3 5,000,000 45 115 764,900 DittoRly. Ln. '81, red. 1907 4 114 802,400 Ditto Lns.'82& 83 1908-13 4. 113 191,200 Western Australia, 1885 4 110 113 305 400 Ditto Ditto 108 REGISTERED AND INSCRIBED STOCKS. 163,700 Brit.Guiana 4 p.c. Inscribed 4 139! 1101 6,795.300 Canada 4 p.c. Stk, 1904-5-6-8 4 13 3,584,714 Ditto 4 p.c. Reduced(late 5) 113 IIS 4,494,400 Ditto 35 p.c. Stock, 1909-34 34 105 3, 290,00 Ditto Loan £4.000,00 4 MIS 117 1,650,000 Ditto Stock Inscribed.. 3 9519 2,291,925 Cape G. H. Stock 1923 4 :09% rio 3,791,895 Ditto, Loan 1883, red. 1623 4 110 9,997,556 Ditto 4 p.c. Con. Stck. Ins 4 nu 101 1,076,100 Ceylon 4 p.c, Ins. Stock 4 434,200 Jamaica 4 p.c. Ins. Stock IS7 419,730 Mauritius 4 p.c.Inscribed.. 4 TOS 109 233,281 Natal Cons. Stock .... 1927 110 3,027,029 Ditto ditto 1937 4 235,000 Newfoundland Ins. 4 10: 7,186,300 New S. Wales Stk..... 1033 4 !17 119 26,500,000 Ditto } p.c. Stock Ins. 31:05 3 500,000 Ditto 31 p.c. Stock .... 31 1031 1041 24,564,255 New Zealand Cons.Stk., 1929 4 1053 100 10,800,900 Queensland Stock.. 1915-24 4 II? 2,500,000 Ditto 34 p.c. Ins. Stock 31 103, 104 7,557,100 S. Astrl. (Lns. 1882-3-4-5-6-7) 4 767,900 Ditto Scrip £25 to pay 31 ;6 77 3, 235,100 Victoria (Rail. Ln, 1881) 1997 I! 9,197,600 Ditto (Lns, 1882, '83, '84) 4 6,000,000 Ditto Loan of 1885 4 113 3,0co, co Ditto Inscribed. 3 104 rogh 522,8ça West, Austi, fr scribed Stk. 110
FOREIGN STOCKS, BONDS, &o.
FOREIGN 810CKS, BONDE, do. -Continued.
BREWERIES AND DISTILLERIES. -Con.
COUPONS PAYABLE IN LONDON.
PRESENT AMOUNT. NaXL % PRICE € 826,600 U.States (Massachsts.) 1894 5 TO3 105 619,800 Ditto ditto 1900 5 629,900 Ditto ditto 1889 5 100 677,000 Ditto ditto 1891 5 101 103 559,500 Ditto ditto 1895 5 104 105 10,795,300 Uruguay Unified, 1883 74 75 4,212,300 Do. 6 p.c. Sterlg Loan 6 90 91 2,675.352 Venezuela New Con. Dt. '81 3 56 53 COUPONS PAYABLE ABROAD. $13540425 Argentine Hard Dollars 6 63 63 14,852, 300 Do. Na. Cedulas, "B" 7 57 1000697039ff Austrian S.R. exrot., 1870's 73 75 14301405631 Do. Paper do., 1870 S 71 73 34085020CA Do. Gold Rentes.. 4 92 94 219959632f. Belgian ex. 25 f. 25 509935100f. Do. 1874...... 3 92 94 £6,609,779 Danish Inter 34 p.c. Bnds 31 56 630567200f Dutch Cert., ex. 12guilders at 78 80 Ditto Certs. of Admins. 35 34422040011 Ditto Bonds 35 103 £271591430 French Renies, Ir.for royr 41 104$ inst 578,674,141 Ditto, Ex. 25fr. ...... 3 8. 97 157,007, 400 Ditto, Redeemable 3 88 89 157,276,484 Italian, ex. 25 fr. ........ 5 971 077 19, 120,000 Portuguese Internl; 1850-69 3 16,250,000 Prussian Consols... 105 107 $187020850 United States, redm. 1891 41 108 103 681298750 Ditto 131 132 2,331,000 Virginia Stock .......... 5 33 38 Ditto 38 Ditto New Fndd. 1905 6 46 14 289, 265 Ditto Cer. Reg. att... 6 45 47 Ditto Comm Certs... 6 43 45
PRESENT AMOUNT. NAME Div. Pd. PRICE £ 12,000 Cheltenham Or. Brew. Al 5 6 7,500 C. of Lon Brew.6% Prf 36/ 45 5 15,000 Do. Preference .. 3/6 5 53,400 Combe and Co. Pref. 10 Irg 12 656,200 Ditto Debs. 4 107 103 7,500 Daniell & Sons, Ord... 71 81 95 7,500 Do. 7 p.c. Pref. 7/ 12 101,775 Do. 43 Deb. Stock 43 100 IOI 103 88,768 Distillers, Lim., Shres.ro/ IO 14 15 459,000 Do. 4f Mt. Db. Stk. 43 100 106 108 13,00c Dortmund Ordinary.. 2/9 S 5 11,000 Do. Preference 1/8 5 24,000 Gillman and Spencer.. 8 5 52 1,700,000 Guinness Son, Ord... 12 100 311 314 2,000,000 Do. 6 p.c. Pref. 6 100 053 156 1,500,000 Do. 5 p.c. Deb..... 5 100 126 120 34,000 Hodgson's King.Brew. 376 5 6 8 150,000 Do. 5p.c. Deb.. Reg. 5 100 107 1164 12,003 Lion Brewery, Lim...23/9 17 35 37 12,000 Do. New, E3 prem. 814 6 I2 5,000 Do. Per. 6 p.c. Pref.12] 96 28 15,000 Manchester Ordinary. 7114 10 101 rot 29,000 Do. 7 p.c. Pref..... 6/10 10 12 17) 33,392 Meux Brewery Pref. 5 11 12 400,000 Do. Mort. Debs. 103 104 106 3'667 Nalder & Collyer Ord. 4/2 14 IS 9.334 Do. 6 p.c. Pref. 61 IO 12 13 -7,500 New Westm. Ord. 4 37 5 7,500 Do. 6 p.c. Pret .... 2/4 5 5,000 Northampton Ord. 20/ IO 14 14 5,000 Do. Preference .... 71 10 135 100,000 Do. 5 Db.Stk. P.Cts. 5 100 107 13,600 Nottingham Brewery 7 gt 135,000 Ditto ist Mort. D. 5 92 IOI 500,000 Reid's Brewery Pref. 5 116 118 500,000 Ditto Debs. 4 106 108 7,000 St. Pauli Ordinary ..16/11 10 171 18 7,000 Do. Preference 71 13 13 8,666 Showell (W.)&Sons., 12 13 Ditto, Prets. 7 IO 13 13 66,670 Ditto, Deb. Stock.. 5 100 105 108 9,700 Smith, Garrett & Co. 2/6 5 s! 6 5,300 Do. Ordinary......301 23 25 7,500 Do. Pref. .10/ 20 23 53,500 Stroud Brewery Deb. 34/11 100 107. 10) 21,000 Threlfall's Ordinary.. 87 10 131 141 32,000 Do. Cumu. Pref. 6/ 133 14 320,000 Ditto, ist Mrt Deb, 5 118 119 700,000 Watney&Co.Deb.Sk. s 100 119 121 Wales) Docks and Rails. 30 16 17 512,250 Ditto, Con. Pref. S. "A" 100 105 223,487 Ditto, 4 p.c. Per. Deb. S. 100 100 2,438,625 Birming. Canal (Gua., 4 %) too 126 128 1,000,000 Bute Docks 4 p.c. Deb. St. 100 117 2,385,500 East and West India Dock 100 21 23 2,733,000 Do. 4 p. c. Deb. Stock 100 80 11,300 Grand Junction Canal .... 100 117 9,370 Ditto, 6 per cent. 1,621,400 Hull Dock .... Joo 37 361,616 Do. 41 pc Conv. Pref. .. 100 699,136 Ditto, 4 p. C. Deb. Stck. 100 604,220 Ditto, 44 p. c. ditto .. 100 106 5,756,697 Lond. and St. Kath. Dock 100 40 42 420,000 Ditto, 45 per cent. Pref. 100 114 113 600,000 Ditto, 45 p. c. New Pref. 100 107 III 600,000 Ditto ditto (1882) 100 105 109 1,562, 500 Ditto Deb. Stock, 4 P. C. 100 129 nii | Man. Ship Pt.(in advance) 1o 83 400,000 Ditto 5 37 1,350,000 Ditto 4 p.c. Mt.Db.Scp. 51 52 256, 550 Milford Docks "A" Deb.S. 100 94 98 599,70 Milwall Dock 84 98 250,000 Ditto, 4. p. c. Pref. too 102 105 490,000 Ditto, 5 p. c. Perp. Pref. 100 119 123 60,000 Ditto ditto 1887 100 108 II. 443,457 Ditto. 5 P. c. Perp. Deb. 100 131 136 370,000 Neath Harb. 5% Mor. Bds. 100 8 (1 20,000 Newhaven Harbr, 4 % gua. 4 12 taj 1,275,000 Regent's Canal City &Dks. 100 76 8 244,468 Sharpness Dock Deb. Stk, 100 100 103 150,400 Ditto 4 p.c, Deb. S. 100 89 23 361,577 Southampton Dock 39 43 542,637 Ditto, 4,p.c. Con Press. 100 90 25 336,950 Ditto, 41 p. C. Deb. Stk. 100 113 117 395,084 Suez Canal Shares.. 94 943 398,085 Do. Arrear Obligations 85f. 44,681 Do. Delegations, 1894 270f, Do. De jouissance 79,600 Do. Thirty year Bonds 100 100,000 Do. Founders' Shares.. Do. Société Civile, Cert 964,814 Surrey Commercial Dock 100 122 154,000 Do. Min. 4% A Pref. 199,000 Do. 5% B do. 100 49,000 Do. 5% C do. 140,000 Do. 41% Deb. Stk. 100 Div. Pd. 23,003 Anglo-Amer. Brsh, L. 7/2 23,692 Do. fully paid .... 21 5 35,000 Anglo-Chilian Nitrate 21 4 200,000 Ditto Railway B. 45 63. 14,000 Angus, G., and Co... 75 103 8,000 Ditto Pref... 10 13,000 Argentine Sugar 1/8 10 995,830 Artisans'L. &C.Dwel. 5 250,000 Do. 4.Pref., 1879 44 100 103 213,150 Do. 4. Pref., 1884 45 100 Iro 41,000 Assam Railways,Pri. 7 43,750 Do. Deferred 8,000 Do. Pre-Pref. “A"73/ 10 13 242,400 Do. 6 p.c. Deb. 100 106
TIO,Iou Argentine, 1868 6 TO2 104 1,495,400 Ditto Public Works, 1871 6 2,2:0,800 Ditto Railway Loan, 1881 61 104 106 1,583,000 Ditto, 1884...... 5 99 10+ 8,065,800 Ditto, 1886-87 ..5 99 2,785,900 Ditto N. Cent. Rail. Ext. 5 991005 614,500 Ditto 5 p.c. Trea. Conv. 5. 97 97 3,912,800 Ditto Int. Gd. Ln. 41 90 92 187, 100 Brazilian, 1863 99 101 4,125,600 Ditto 1865 ........... 5 104 2,581,100 Ditto 1871 ........... 5 102 4.400,700 Diuto 1875 ............ 5, 103 103 4,310.300 4 101 103 6,332,900 Ditto 1886 5 TO3 105 3,987,991 Do. Gld. Ln issd. in Brzil.'79 45 100 6,297,300 Ditto 1888.. 45 100 JOI 362,500 Buenos Ayres, 1824........6 .1:8,000 Ditto 1857........ 3 715,000 Ditto 1870.. 100 3,723,500 Ditto 1882 & 1886 6 IC2 103 2, 127, 100 Ditto 1883 .. 102 103 51,300 Chilian, 1841 ........... 3 254,400 Ditto 1867 103 IOS 796,000 Ditto 1885 .............. 104 106 5,948,400 Ditto 886 104 106 1,194,400 Ditto 1887 104 тоб 857,100 Chinese, Series A, 1895 .... 7 TOT II. 505,000 Ditto, 7 TIO 750,000 Ditto, Red. Mar. 1895 6 106 To8 2,500,000 Ditto Red. June 1895 6 107 109 1,913,500 Colombian, 1873.......... 37 38 582,900 Cordova Prov. 6 97 99 1,178,600 Do. Bonds 6 97 99 525,000 Costa Rica a ............ 5 941 1.475,000 Ditto B ............ 5 931 943 288,000 Danish, 1850 and 1861 ....4 Ditto 1862...... 112,890 Danubian, 1867 8 103 106 2,824,000 Ecuador, New Consolidated : 25 27 566,120 Ditto Prov. Ind. Warrants 3 55,989,440 Egyptian Unified Debt 92 92 22,296, 800 Ditto Governt. Pref. - 5 103 104 5.561,100 Ditto S. Domain 5 7с6 18,635, 430 Do.Daira San.Con. Debt. 4 856 861 778,800 Entre Rios 7886 6 103 1,194,000 Ditto 1888 6 100j ici Ditto Cent. Rail. Bonds 6 105 107 1,745,600 Ditto Exten. Mort. Bds. 6 991 103 642,900 Greek Independence, 1879- 5 100 IC 2 4,453,400 Ditto 5 per cent., 1881.... 5 94 95 3,864,200 Ditto 1884 Bonds 4 94 95 5,388,200 Ditto Monopoly 82 Ditto 1888 Scp all paid 6 920,400 Guatemala, Bonds 4 67 69 200,000 Hawaiian Bonds 6 107 109 900,700 Honduras Gov.R.L., 1867.. 10 13} 145 1.242,500 Ditto 1870 13+ 14) 1,970,500 Hungarian, 1871 .......... 5 3,640,200 Ditto 1873 ...... 5 TOI 103 39,200,000 Ditto Gold 1881 87 881 1,378,400 Italian (Sardinian) 1851 103 2,236,800 Ditto Irrigation Guar.,6% 6 112 115 1,732,920 Ditto 1862, Marem. Rail. s 95 97 1.317,700 Japan, 1873 7 III T13 3,429,830 Mexican 3 p.c. Con., 1886 3 401 411 5,072,600 Ditto 1851 3 7,100,000 Ditto 1888 6 96} 97 285,000 Nicaragua. 105 107 2,107,100 Norwegian, 1880... 4 to3 1,700,000 Ditio Bonds, 1886.... 34 100 3,560,000 Do. 1888, red. 1965 3 90 91 80,000 Orange Free State Bonds. 6 814,900 Paraguay, 1886 44 46 11,141,580 Peru 1870 Cer. Reg. att... 6 18 70,437,500 ditto .... 5 1:2 46,573,550 Portuguese, 1853-84 3 678 687 Russian, 1822, 4 sterling 5. 107 109 1,320,000 Ditto 1850 99 3,870,000 Ditto 1860 2,699,800 Ditto 1859 ............ 3 81 83 15,000,000 Ditto 1862 .. 5 103 3,596,564 Ditto A Dutch 1864 4100 5 IOI 103 3,983,783 Ditto ditto 1866 $100 5 103 22,029,350 Ditto (Nic. Rail.)1867-9 4 92 94 11,368,350 Ditto 1870 3 100 11,556,150 Ditto 1871 ........... 5 100 14,665,400 Ditto 1872 .......... 5 100 14,685,500 Ditto 1873 ............ 5 1034 14,662,800 Ditto 1875 98 100 8,634,180 Ditto Transcaucasian Rail 3 Do. Loan Eng. Scp.full.pd. 4 92 94 714,300 San Domingo, 1869.. 6 16 18 787,500 San Paulo (Brazil) 5 103 105 1,345,6oo Santa Fé, 1883-86 6 1,553,600 Do.Bds. 1923 Scp.all pd... 5 GO 92 920,000 Do. W. Cent. Col. Ry. .. 5 091 100} 1,251,700 Santa Fé and Reconquista 5 995 Icon 1,586,426 Spanish Two per Cent. Bnds 2 49 50 1,299, 800 Do Quick. Mort. 1870 5 104 106 77,587,613 Do. 4 per Cert. Bonds 4 76 76 1,181,780 Swedish, 1878 4 302 104 6,180,000 Ditto, 2880.. 4 102 104 1,470,000 Ditto, Loan Bonds 3 91 93 650.000 Tucuman, Prov. of, 6 99 1,657,050 Tarkish 1854 Secured 5 TOI 103 5,378,700 Do. 1871 by Egp. 41 95 4,405,700 Do. 1877 (Def.) ( Tribute 5 101 1027 6,072,760 Do, Priority Bonds. 5 go 92 3,260,616 Do. 1858, Registered 27 2 3,538,556 Do. 1862, Registered 27 29 Do. 1863, Registered 16 18 43,968, 396 Do. Gen. Debt, k... 15 17 2,920,713 Do. 1865, Registerea 15 17 12,885,600 Do. 1869, Registered 15 17 5,228, 265 Do. Treas. A, B, C, Reg. 16 18 15,026,198 Do. 1873, Registered 15 17 11,560,500 Louisiana 4p.c. Stamp. Bds. 4 90 451,900 Do. Small Bonds, $100... 90
Div. Pd 100,000 Agri . 5/ 10 7! 8 80,000 Alliance 71 Το 144 151 250,000 Anglo-Austrian ......13/2 1208 29,970 Anglo-Californian .... 9/ IO 133 141 80,000 Anglo-Egyptian 5/ 10 9 60,000 Anglo-Foreign 7/ 7 91 107 10 000 Anglo-Italian, 1866.... 9/7 69 7 40,000 Bank of Africa.. 6/3 67 el 40 000 Bank of Australasia - 501 40 34 25,000 Bank of Brit. Colum 24/ 37 30,000 Bank of B. North Amer.40/ 50 79 100,000 Bank of Constantinople si 71 72 20,000 Bank of Egypt ....16/3 12) 62,500 Bank of New S. Wales 35/ 71 100,000 Bank of New Zealand 4/10 129 25,000 Ditto New 19 13 14 50,000 Bank of Roumania 81 8 32,000 Bank of S. Australia ..15/ 25 275 285 100,000 Bank of Tarapaca 34 20,000 Bank of Victoria ....25/ 25 43 45 85,000 Central of London 5/ 5 105 40,000 Chartered of I. A. andC.14/ 30,000 Char M. of I.L. and C. 12/6 as 229 231 100,000 City ......10/ 21 80,000 Colonial ............301 30 48 55 250,00u Commer, of Australia 61 200,000 Consolidated 95 13,505 Delhi and London 50,000 English of Rio de Jan. 61 145 151 50,000 English of River Plate 15/ 10 19 36,000 Eng., S.:ot., & A. Char.201 20 34 35 37,oco Franco-Egyptian ....15 f. 20 40.00 German Bank of Lon. 81 15.816 Hong Kong and Shan.30) 284 53 54 45.000 Imperial ..... 10/6 15 19 500.300 Imperial Ottoman ....:c/ 10 iit 12 20,000 Interol. Bank of Lon. 10/6 15 its 171 12.620 Ionian ....12/6 25 93,750 Lloyds, Brotts., Bosanq.12 8 25 26 62,500 London and Brazilian 16 10 100,000 London and County ..431 90 9: 33,300 London and Hanseatic 9/ 70,000 London and Provincial 7/ 5 171 181 60,000 London & Riv Plate .. 20/ 291 60 000 London and San Fran 3/6 7 71 20,000 Lon. and South Wstrn. 12/3 177 34 35 140,000 London and Westmin. 32/ 20 69 70 50,000 Lon. of Mexico & S.A. 3/6 5 63 50,000 LondonChar.of Austra, 14/ 20 30 31 120 000 London Joint-Stock ..18/9 15 40 25,000 London Paris and Amer9/7 2-5 76 19 175,000 Mercantile of Australia 21 75,000 Merchant ............ 21 4 47 150,000 National 9/ 10 230,000 National of Australasia 61 104 118 200,000 National of Mexico.. 71 $10 II 100,000 National of New Zeald. 1/3 I 40,000 Nat. Prov. of Eng. 18/104-5 tof 454 461 150,625 Ditto I 2 54 55 39,325 North Eastern 3/6 6 of 54 000 North-Western 5/3 71 40,000 Provincial of Ireland 12/6 £12 10/ 211 21 4,000 Ditto New ....10/ 10 160,oco Queensland National 6/ 3 101 111 40,000 Stan. of South Atrica 30/ 35 +9$ 50 60,000 Union of Australia ....30/ 25 63 65 750,000 Ditto Inscribed Stock 4 100 110,000 Union of London....19/43 150 4 421 24,975 Union of Spain & Eng. 81 10 101 101
COMMERCIAL, INDUSTRIAL, &C.-Con. PRESENT AM. NAME. Div. Pd. PRICE 624,460 National Safe Depos. 2/93 4 37 20,000 Ditto Pref.. 1/2 2-5 I 34,840 Native Guano, Lim. 5 4,252 Do. £r paid 51,000 Naval Cons. & Arm. 20,000 Nelson Bros., Lim.. 3/ 100,000 Ditto Deb.Stk. 5 79,680 Neuchatel Asp., Ord. 34,020 Do. 7 p.c. Pref. 7/ 67 22,800 Nevada Land, Lim. 31 31 27 24 30,000 New Explosives.... 31 3 2} 23 56,128 NewS.-E. Wynaad Es. 1-16 3:16 40,000 Nitrate Prov. Supply 2 33 160,222 Nobel-Dynam. Trst.14/6 121 12 22,500 Norton Bros. & Co. 4 40,000 Pawson & Co., Lim. 3/9 6 54 7 21,958 Phospho-Guano, Lm. 7/6 14,000 Pound, Son&Hutchs. 3/6 S 2) 58,811 Prairie Cattle, Lim.. 10/ 6 31 37,500 Price's Pat. Candle.. 15/ 16 23 40, oco Primitiva Nitrate Co.201 5 26 27 77,100 Recife Drainge, Lim. 5 ico 88 93 20,000 Regie Monopoly Cig. 5 40,000 Rio de Jan.CityImp.27/5 25 34 36 310, 500 Do. 5 p.c. Deb. 5 104 165,000 Do. 5 p.c. Int. 5 106 108 25,000 Rio de Jan. Flour M.478 91 10) 12,500 River P. Fresh Meat 5 45 33 1 25,000 Do.Nos. 1 to 25,000 $! 102 26,000 Rudge Cycle 613 65 12,657 Sadler & Co., Lim... 15 10,000 Samuda Bros., Lim. 8 32 32,000 San Donato Nitrate 75,000 San Jorge Nitrate.. :/ 5 32,000 San Pablo Nitrate 5/ 6) 22,000 Santa Luisa Nitrate. 9,495 Seraigunge Jute.... 2,250 Do. "A" Pref... 10/ 120,000 Simson & Mason, L. 1/2 2-5 I 50,000 Spiers and Pond.... 47 137 132 220,000 Ditto ist Mort. 5 30,000 Spratt's Patent, Lim. 5/6 5 93 16,000 Spratt's Patent (Am.) 5 17,000 Spratt's Punt(Russia) 5 12 78,949 Swan United Electric 31 23 31 13,566 Swedish Match 5 1 24 130,000 Tamarugal Nitrate 5 45 53 160,000 Tambracherry Ests. $ 3-16 5-16 37,550 Telegraph Con.&Mn.361 41 43 17,333 Tobac. Co. Brit. Bor. 3 20,000 Tri ways & Gen... 11 10,000 United Asbestos, L. To,om Do. Deferred "B" 126,980 United Horse Shoe 199,348 Do. Sp.c. Pref...93-5d. I i Stock.. 5/ S 200,000 Do. 6 p.C. Deb. 6 104 $250,000 Do. 6 p.c. Real Est. 6 100 06 200,000 Do. Col. Trust 5 p.cs go 98 10,000 Val de Travers Asphl. 12/ 121 123 18,800 Vivian & Co......... El 3 6 10,000 Waterlow Brs. & Lay.18/ 17: 153 97,977 Welford & Sons, Lim. 21 24 3 178,954 Wenham, Limited .. 3d. 22,000 Wickens Pease &Co. 37 24 72,585 Young s Paraffin Lgt 6/9 3 3
PRESENT PRICE. £62,300 Otago H.B. of 1877 ......6 IC7 109 96,800 Do. Bonds 1881 .... 1921 6 TIT 113 109, 300 Do. 103 103 315,900 Do. Con. Bonds ....1934 - 103 10; 62,720 Ottawa (City) Stlg..., 1903 6 106 103 120,000 Do. do. IC5 92,400 Do. do. 117 119 62,000 Do. do. 1895 6 IIO 112 144,800 Port Elizabeth Mun. Water. 6 1-8 140,000 Port Louis (Mauritius) 1934 5 11 109 75,000 Prahran (Cy)(Mel.)Db. 1917 5 112 251,200 Providence (City of)..... 5 109 100,000 Quebec (Cy S. Con. F. Ln. Ó 10 107 115,000 Do do. 1873....1893 6 105 108 220,000 Do do. 1875....1905 6 121 123 102,739 Do do. 1878.... 1908 6 124 125 65,000 Rich.(City of)(Mel.) ..1917 5 114 116 16,800,000 Rone (City of) Cds....19584 82,000,000 Ditto Issues 2, 3, 4, 5, 1960 A 94 198,400 Rosario (Cy. of) St. Bds. 1021 6 105 107 992,000 Do. Sterling ...1918 6 103 107 100,000 St. Kilda (Boro.) (Mel.) 1918 44 105 103 762, 200 St. Louis City .1893.5 6 107 110 100,000 Santos (City of).. 103 80,000 S. Melbourne (Cicy of), 1915 5 100 258,000 Sydney (City of)......1904 5 114 330,000 Do. Debs......1912 4 106 00 000 Timaru (Bor.) (N.Z.), 1910 7 117 119 100,000 Timaru Har. Bd. Db... 1914 5 105 100,000 Ditto Debs. .1916 5 109 102 171,100 Toronto (Cy)S. Db. 1886-97 . ICS 410, 900 Do. Waterworks 1904-6 6 125 160, 350 Do. Ster Con. Deb. 1896-7 6 114 136,700 Do. Gen. Con. Db., 1919 5 113 254,958 Do. Ster. Bn. ... 1922-84 TO5 107 60,030 Wanganui (NZ) H. B. 1905 6 105 107 300,000 Welling. (Cy) (NZ) Cn. Db. o 117 119 100,000 Do. Impro. Loan .. 1929 6 12+ 126 130,000 Do. Waterwks Deb. 1929 6. 124 125 100,000 Wellington Har. Brd. 1907 45 104 105 150,000 Westport H.B. Debs. 1925 4 101 51,300 Winnipeg (Cyo) Bon. 1894 6 103 107 126,500 Do. Deb. ........1907 18 120 138,000 Do. Deb....... . 1914 5 IC8 Div. Pd. do 7 ditto 7/6 10 300,000 Austra. (Syd.) 5% D. — 100 III 113 5,000 Bahia, Limited ..201 24 26 1,000 Do. efs.....201 40,000 Bombay, Limited 3/6 5 7 10,000 Ditto al? 4 S 51 380,000 Brentford Con....... 11 100 229 134 125,000 Ditto New Stock.. 88 100 167 172 50,000 Ditto Pref........ 5 112,500 Ditto Debs. 4 11,000 Brighton & Hove G.211 43 45 16,000 British ..251 20 45 47 5,000 Bromley Con. Ord. 11) 20 3.900 Ditto ditto 7%... 81 rah 14 42,738 Buenos Ayres, New. 6/ 10 161 200,000 Ditto, Deben. 6 100 107 7,123 Cagliari Gas & W.L. 21/ 25 27 550,00c Coinmercial 137 100 268 073 130,000 Ditto New Stock.. 107 100 214 319 130,000 Ditto 43% Deb. Sk. 45 123 37,866 Continental Un., Ori.321 20 12,134 Ditto partly paid..2214 4-514 31 38 40 75,000 Crystal Palace..... 100 204 125,000 Ditto 7 50,000 Ditto Pref. 6 23,406 European, Limited..101 12,000 Ditto New.... 7/6 74 35,406 Ditto ditto 5! 5 5,468,630 Gas L.&Coke A, Ord 13 254 100,000 Do. B, 4 P. c. max. 4 665,000 Do. C, D, E, 10%Pr£. 10 100 257 BC2 30,000 Do. F, 5% Pref. 5. 123 128 60,000 Do. G, 73,, 7$ 100 182 1,300,000 niax. 7 100 165 463,000 Do. J, 10,1 Pref. 10 1,061,150 Deb, 119 294,850 Do. ครบ 41 100 125 1:0 650,000 Do. 6 100 177 4,950 Hong Kong & China. 13/ 90 3.600,000 Imperial Continental 10 100 205 70) 15,000 Malta & Medit. Lim. 2! 5 5 s! 20,000 Mauritius, Limited..1/1 $ 1 560,000 Met, of Melbn. Deb. 5 113 115 27,096 Monte Video, Limit. 127 20 19 30,000 Oriental Limited .. 61 5 of 30,000 Ditto, New .....5/44.5 41 81 15,000 Ditto ditto 1879..1/2 2-5 I 12,000 Ottoman, Limited 3/6 5 61 16,687 Para, Limited...... 41 10 51 420,000 People's (Chicago).. '6 100 101 500,000 Ditto ditto 2 Mt. 6 100 10,000 San Paulo ..........10/ 10 16 500,000 Sth Metropolitan A.. 161 100 317 372 1,350,000 Do. B 125 100 145 141,500 Do. C 100 stc 20 550,000 Do. Per. 5%Deb.St. 5 137 12.000 Totten & Edmon. O. 5/9 5 13 2,864 Ditto New Ord... 8/6 46,000 West Ham 5 TEA AND COFFEE.
COMMERCIAL, INDUSTRIAL &C. - Cont. PRESENT AM. NAME. Div. Pd. PRICE. £24,000 Australasian Elec. L. 45 38,000 Australian Pastoral st 101 55,000 Ditto Pref.. 61 IO 103 unt 216,200 Aylesbury Dairy.... 30. 9,815 Bahia Central Sugar. 1o/ 3 10,000 Bell (R.& Co.), Lim. 61. 5 7 13,400 Bell's Asbestos, Lim, 15/ 5 133 193 64,000 Ditto 5 p.c. Debs. TOO 194 106 25,coo Bergvik, Cum. Pref. 10 ul 10,000 Ditto Def. 13 133 250,000 Ditto Debs, 1 104 106 66,667 Bland(J. Bland&Co.) 5 궁 40,000 Bodega, Limited.... 2/6 5 2 14,500 Brazil Ext. of Meat 8/ 5 51 30,000 Brewers' Invest. Corp.2/1 4.53 41 5 6,352 Brighton Aquar., Or. 5/ 17,000 Brooke. Simp. Spiller 6 47,500 Brunner, Mond &Co.25/ 10 39 22,500 Dy. Ordinary ....10 4 19 22,500 Do. 7 p.c. Pref. . 7/ 144 151 12,500 Do. do. 5/7 1-5 8 ni 12 (80,000 Bryant & May, Lim.ro/ 5 131 100,000 Bryant, Powis & Br. 6d. I I 50,000 Buenos Ayres Water. 5 9 10 300,000 Ditto, Pref..... 5 9 60,000 Campbell & Sons, L. 21 7 61 112,8co Cantareira Wat. Dbs. 6 100 106 109 350,000 Ditto, 5% Debs. 24.212 Cassell&Co., Limited 13/6 9 15 16 288,00o Catalınas Wares. &c. 103 105 700,000 Do. 3%. Ster. Mort 5 to 101 1074 8,507 Ceara Harbour Cor. 6/ 65 7 285,coo Cent. Prod.Mkt.B.A. 100 103 105 17,003 City Offices, Lim. .. 5! 361 93 104 91,300 Do. Mt. Bds. 45 104 20,000 C of Lon. Real Prop.7/2 2-5 12 16 17 40,000 Do, new £12Sh. 4/6 7! s} 10' 10,000 C. of Santos Imp., Pf. öl 14 15 10,666 Clay(H.), Bock &Co. m! 13,305 Ditto 8 p.c. Pref. TO 91 101 Ditto Mort. Deb. 97 100 3d. 22,900 Colorado Nitrate s! 5 6 16,000 Comp.Gen.des Asph.15/ 6 13 125 200,53Crystal Palace "A" 3 100 15 17 802,140 Do.“B” Redeem. is 187,690 Do.:st Deb.Stk. 87 6 117 163 500 Do. 2nd do. '87. a} 200 52 57 164,000 Do. 3rd do. '87. 154,000 Dalgety & Co., Lim. !! 5 81 500,000 Do. Per. Deb. St. a IIT T13 439,234 Do Irre. Deb. St. 4 100 20,000 Devas, Routlge.& Co. 3/3 7 6 14,000 E. C. Powder, Lim. 51 3 } 57 25,000 Eley Bros., Lim. .401 IO 40 42 70,000 Eng.& Austl. Copper/ 65,000 Forder & Co., Lim. / 1 60,000 Fordham & Sons 1/3 30,000 Fore St. Warc., Lim. 5/6 91 120,000 Do. 4% Reg. Debs. 98 24,000 Foster, Porter & Co.10/6 101 151 361 50,000 Gen.Hydraulic Pow. 4/6 5 12 121 180,948 Glenrock, Limited .. 1.16 3.16 20,000 Goldsbrough & Co.. I/ 1 13,334 Greenwich Ferry 5 2 35 50,000 Ditto Dehs... 6 85 95 9,334 Greenwood & Batley 10 14 5,334 Ditto 12 26,000 Harrison, Barber&Co.4/6 5 74 13,500 Hildesheimer, S. & Co 8/ 5 61 70,000 Hobbs,Hart, & Co... - 1 5,334 Hook, C. Townsend 15/ 10 9) 101 70,000 Hop Bitters, Lim., S. 11 1.16 3.16 30,000 Hornsby&Sons, Lim. 4/6 7 5 st 100,000 Do. 6 p.c. Pref. .. 6 9? 96 94,300 Do. 5 p.c. Deb. .. 5 100 45,000 Hotchkiss Ordnance.10/ 103 103 35,000 Do. 7 p.c. Pref. 71 10 91 265.000 Do. Mt.Debs, Scp. 5. 39 102 20,000 Howell & James.... 1/9 31 2 23,000 Humber and Co. 31. 5 23 14,coo Imp. Russian Cotton 101 5 74 8 500,000 Imp. Indus, Dwelling 5 121 173 8,224 Imp. Wood Pavemnt20/ IO 13 41,600 Ind. Rub.Gt. Per. Tel.ro/ 19) 203 200.000 Do.4) p.c.Db., 1896 45 103 103 191,860 Inter. Sleeping Car.. 5 93 98 26,000 Jensen & Co., Limid / 5 22,000 Julia Nitrate + 3 16,000 Kynoch & Co., Pref. 4/ of 103 300,000 La Guaira Har. Debs. 2 112 IT 150,000 Lake CopaisCo.1 M. Ó 91 965 25,0.0 Lautaro Nitrate.... 3} 6 25,193 Lawes Chemicl Man. 9/ 9 7 77 7,675 Ditto Pref. .14/ 10 I 2 13. 17,558 Levys Jute Spin. Sack 2/1 5 21 33 24,000 Liebig's Ext.of Meat 20 20 62 64 13,225 Linoleum Mnufactur12/ 24 26 14,705 Liverpool Nitrate ..151 5 24 4,783 Lon.& Glas. Enginng 6d. 25 3 10,000 Lon.& Tilb. Lightge. 7 8,000 Lon. Borneo Tobacco 13 6,668 London Nitrate .. 30/ IS Dilto Pref..... 18/ 83 93 50,000 Loo. Prod.Clrg. Hse. 21 os 7 18,000 Lon. Stereo. & Phet. 2/6 5 29 '15,000 McEwan(J. McEwan rol 13 133 130,000 Ditto Mort. Deb. 100 112 I15 11,950 Manganese Bronze 6/ 6 6) 7 100, 200 Max Greger, "A".. 6d. 13/ 3-15 280,000 Maxim Nordenfelt.. 5 1 45 400,000 Do. Deb. Stock 5 100 94 06 7,688 Met.Ass. Imp. Dwell.10/ 23 2) 25 47,700 Met. Elec. Supply.. 21 31 20,000 Mid. Rail.C. & Wag.10/ 10 10,000 Do. 5 p.c. Pref...7 1.5d, i 14,000 Milner's Safe, Lim... s/ ni 12) 10,000 Moir & Son, 7 p.c.Pf. 5/ 5 3 30,000 Morgan & Co., Lim.. 5/2 5 3 31,000 Morris & Sons, Lim. 3/ 5 31 Www.000 Nat. Agricul. Hall.. yo 70 83 ! 115,00n Nat.Dwellings Socy. 2 15,200 Ditto 6 5
12 1!7 126 UIT TO9 206 108 I56 115 106 105 106 I11 728 103 126 116 109 116 98 104 11g IOI 107 105 105 112 125 117 TI2 105 118 T14
Red. % 46,500 Auckland (Cy)'72 1894-1924 6 117 13,000 Do. 2d issue, 1876..1926 6 182,300 Do. Con. 1079..1930 6 124 200,000 Do. Deb. 1883..1934-7 5 IOG 130,200 Auckland Har. Ba., Deb..... 107 150 000 Do. do. ......1917 5 104 100,000 Do. do. Deb.....1936 5 106 556 500 Boston Cy(US), S.Ln. 1899 5 103 400,000 Do. do, 1902 5 110 989, 300 Do. do. 1893 5 104 84,050 Brisbane (City) Deb...1891 5 133 1,323,200 Buenos Ayres (City) Deb... 8 104 120,000 Cape Town (City) Deb. .... 5 109 320,000 Christchch (Cicv) Loan 1926 / 126 198,400 Cordoba (City) St Bd... 1922 6 109, 100 Dunedin (Cy) (Otago) Déb. 6 124 Do. do. ...... 1006 6 114 312,200 Consols. ..1938 5 107 60,000 Fitzroy (Cy) (Ml.) Deb. 1916 5 114 200,000 Gisborne H. B. Loan..1915 5 105,000 Greymouth H. B. Deb. 1925 5 102 150,000 Hobart Town (City) 1918-30 5 114 150,000 Invercargill (Boro) Db. 1936 4} 99 51,300 Kimberley (Boro) Db. 1909 6 105 150,000 Launceston (Town of) 1916 4 103 99,800 London (Cy)(Ot.)Mun. 1893 5 103 66,788 Do W. Wks. Db. 1898 6 110 200,000 Lyttelton (N.Z.) H. B. 1929 6 113 125,000 Melbourne (City) 1896-1907 5. 107 200,000 Ditto Dbs... 1908-27 41 110 150,000 Ditto Debs. 1885.. 1915 4 103 500 000 Mb. Hbr. T.Cms. Bds. 1908-9 5. t16 250 000 Ditto Bonds ........1915 4:12 250,000 Ditto 105 1,450,000 Melb. Tram. T. Deb..1914-16 41 112 2,400,000 Mexico (City of) Sulg. In. 5 84 Ditto £45 paid.. 5 44 322.500 Montreal (City) ......1903 5 107 528,200 Do. of 1874 ........1904 5 107 159,000 Do. 1909 5 108 840,000 Do. Per. Deb, Stk. 83 70 000 Napier (Boro) Cons. ..1914 6 113 300,000 Napier . B... ..1920 5 104 2159,500 New Plymouth H. Deb.1909 6 99 $15000000 N. York City (Ex 4/1) 1901 6 133 $1,564,000 Do. Gold Coup. Bds., 1896 6 115 56,500 Oamaru Harbour Bd ...... 6 IO2 100,000 Do. (Bearer) 60,000 Oamaru Mun. Cor. Wtrwks. 7
FINANCIAL, LAND, INVESTMENT—Conti. Pres. Amt. NAME, Div. Pd. PRICE. 80,000 West.Mort. &Invest. 1/2 2-5 I it it 100,000 Do. Cum. Pref. 5 200,000 Do. Perp. 47% Debs. 4 100
MINES-COLONIAL AND FOREIGN, PRES. AMT. NAME, Div Pd. PRICE. £15,000 Alamillos 1/9 135,505 Anglo-Afric. Diamond 1ο 43 1 20,000 Asia Minor.. 10/ 18,315 Australian 75 1 325,000 Borax 6 p.c. Deb..... 6 10o 103 160,000 British Broken Hill.. 5 3 3} 67,000 Camarones Copper 73,534 Canadian Phosphate I 300,000 Cape Copper 4/ 2 13,945 Chontales, Limited 19/ 75,000 Colombian Hydraulic il 275,440 Colorado Silver...... 100,000 Copiapo 470,000 Day Dawn P.C. 200,000 Devala Moyar Gold 1 89,313 Don Pedro.... 257,600 El Callao .......... 50C. 5 21 100.000 Empire 1/6 1 I-16 3:15 25,000 Fortuna 4/3 19/ 4/3 4}d. 1 149,872 Mysore Gold 21 1 58 63,249 Namaqua Copper 2/ 2 3 28,732 New Emma 3-16 5-16 120,000 New Hoover Hill.. gd. 1-15 83,334 N. Zealand Antimony 70,000 Old Lout Mining 16/6 125,000 Ooregum Def. Ord 120,000 Ditto 10 p.c. Pref. I 312,300 Panulcillo Copper 1/ 57,809 Pestarena UnitedGld.3 300,000 Pinos Altos Bullion 6d, 11•16 13-16 14,000 Pontgibaud Silver 15/7 20 8 113 54,000 Richmond Cons. 5/ 5 } 23 325 000 Rio Tinto Shares....201 IO Ilg 2,158,950 Ditto, Mort. Bonds 5% 100 101 102 1,127,180 Ditto. and Mrt. Bds. 5% 100 971 103,500 Ross (N.Z.) United.. 1:16 46,500 Ditto 1976 1-16 3.16 112,182 Ruby & Dunderberg 191 1-16 120,000 Scottish Australian.. 1/6 3 34 80,000 Ditto New...... 9d. 1 22,500 Sierra Buttes Gold.. 6d. 3 I 140,625 Do. Plumas Eureka a/ 2 7:13 130,000 S.-E. Mysore Gold.. 507,330 Tharsis Sulp. & Cop.10% 3 3% 120,000 Tocopilla Copper 3). 1 14,000 Tolima Mining, "A" 31 5 1 25 129,522 United Mexican 2/6 2] 33 80, ovo Wentworth Gold.... 2% 17/ I-10 3.10
FINANCIAL-TRUSTS. £500,000 Amer. Invť. Trust, P. 5 100 116 119 500,000 Do. Deferred... 8 100 11) I 22 500,000 Do. 4 p.c. Deb. Stk. 4 100 105 107 150,000 Army & Navy Invest. 5 100 113 121 150,000 Do. Deferred Stock 7 100 118 121 150,000 Do. Perp. Deb. Stk. 4 100 105 750,000 Bankers' Invest. Tr.. II2 114 750,COO Ditto Deferred 100 123 750,000 Do. Perp. Deb. Stk. 4 100 об 103 60,000 British Invest. Trust 4 4* 54 ICO,150 Do. 4 p.c. Deb. Stck. ICO 135,000 Brit. Steam Invest... ICO 113 115 135,000 Ditto Deferred 104 107 40,00w Car Trust Invest..... 6 21 21 250,000 Ditto Pref. 5 100 104 το5 750,000 For. Amr. & Gn. Trst. 5 100 117 120 750,000 Do. Deferred...... 9 100 124 127 500,000 Do. 4 p.c. Deb.... 4 100 107 109 124,992 For. & Col. Gv. Trst. 5 100 128 131 1,106,756 Do. Deferred... 100 147 152 75,000 Gas, Water & Gen.. 4 8} 300,000 Gen. & Com. In. Tr. 5 100 116 300,000 Do. Def. Stock 5 100 300,000 Do. Perp. Deb. Stk 4. 100 102 104 246,:05 Govts. Stck Invest.Pf. 4} 100 103 105 246,105 Do. Deferred.... 10 II 110 100,000 Do. 43p.c. Deb. 45 100 Tog II2 100,000 Do. 4 p.c. Deb... + 100 IOT 103 50,000 Guardian Investment 4} 100,000 Inter. Invest. Trust 4 61 7 600,000 Invest. Trust Corp... 100 102 400,000 Do. Deferred 100 140 144 500,000 Do. 4 p.c. Deb. Sk. 1977 50 103 105 500 000 Mer. Invest.& Gn. Tr. 5 100 118 550,000 Do. Deferred...... 9 100 115 118 500,000 Do. 4 p.c. Deb..... 4 100 105 107 100,000 Merchants' Trust.. 4 38 41 4,289 Municipal Trust Pref.101 20 21 23 4,289 Do. Deferred......141 20 22 100,000 Do. 4} p.c Deb.. 100 107 II2 200,000 Omnium Invest. Pref. 4'100 IOI 103 200,000 Do. Deferred.. 9 100 114 117 150,00 Ditto Perp. Deb.Stk. .00 50,000 Rail. Deb. Trust, Lim. 71 Ics 11) 511,800 Do. Db. Red., 10pm. 5, 100 113 115 445,640 Do. 44 p.c. Deb. 45 100 109 609,972 Do. 4 P.C. Deb....4 100 104 1,700,000 Rail. Invest., Prf. St. 4 103 105 1,700,000 Do. Deferred Stockro/ 100 30 50,000 Riv.Plate Gen. In. Tst 214 4 61 7 125,000 Scott. Inv. Tst. Pref. 5 100 I15 125,000 Ditto Def. Stk. 5 100 103 112 125,000 Ditto Per. Deb..4 100 103 Ιος 100,000 S. African Gld. Trust 216 1 27 21 3,381 Submarine Cable Tr. 6 100 TI2 250,000 U.S. & S.Am. Invst.T, 5 100 106 103 250,000 Do. Def. Stock 5 100 104 107 250,000 Do. Perp. Debs. .. 4 100 103 IOS
FINANCIAL, LAND, INVESTMENT, &c PRES, AMT. NAME. Div. Pd. PRICE. £25,000 Agricul. of Mauritius 11 15 1$ 39,500 Do. 6 p.c. Cum. Pref. 12 9,706 Argentine Col. & Ld. 4 49,980 Assets Realisation.. 81 4 TO 101 300,000 Do. Mort. Debs. 100 105 49, 150 Austl. Mt. &Agency.24 4.5 24 20,000 Australian Agricul.. 50/ 21 113 IIS 100,000 Austra. & N.Zea. Mt. :/ 1} 500,000 Do. 41 d.c. Deb. 45 100 102 80,000 Austra. Mrt. Ld. &c.101 5 171 18} 40,000 Do. New Issue ... 61 3 103 u 1,600,00 Do. 4 p.c. Deb..... 107 ITO 100,00 Do. 3 p.c. Deb. Stk. 100 87 89 £475,00 Bengal Presid. Deb. 5 100 109 50,000 Brit. & Amer. Mort. 27 3 31 10,000 Do. 5 p.c. Pref..... 51 10 12 80,000 Brit. & Australa. Trst 2/6 4 45 800,000 Do. Deb. 103 105 30,000 Brit. N. Zealand Mt. 1/5 7 5,597 British Amer. Land..30/ 28 27 29 23,449 British N. Borneo.. 13+ 133 9,581 Ditto 800,ooo Buenos Ayres Harb. 6 1951 10€ ) 50,000 Caled.& Austr. Mort. 6d. to,coo Do. 4/6 1ο of os 8,319 Canada Company ..201 60 65 253,774 Canada N.-W. Land 21 5 43 100,cco Can. Per. L. & Sav. 4 20,000 Can. Agri. & Coal Pf- af 21 21 155,600 Ditto 5. p.c. Debs. 98 100 139,00 Central Argen. Land. 3/6 120,000 Col. Invest. of N.Z. i/ 40.000 Colorado Mt.&Invst. 1/3 80,000 Credit Foncier Egypt gf. 5 3 800,000 Do. Ld. Mort. Deb. 5 100 93 95 12,000 Credit Fon, of Maur. 776 6, 71 100,000 Deben.Corp., Lim... 4/0 4-5 63 73 500,000 Do.ist Mort. Dbs. 43 106 108 500,000 Equit. Rever. It. Soc. 5 50,000 Freehold Trst(Aust.) 6d. 201,160 Do. 4 p.c. Per. Db. 4 100 19,500 Gen. Assets Purchase 6; 4 61 5,000 Gen.Rever. & Invest. 71 100,000 Hudson's Bay Co... 17/ 13 211 817 20,000 Imperial Prop. Inves. 216 26 4 3,000,000 Inter-Co. of Mex. 6% 6 92 94 75,000 Internatnl. Finan. Sc. 6/6 5 61 15,000 Iowa Land, Lim.... 51 94 101 159,500 Irish Lt. Rails &Trm. 5 105 107 25,000 LandCorp.of Canada 21 3/4/0 95,624 Land Mt.Bk.of India i/ 23 180,840 Do. 5 p.c. Deb..... 5 100 IOI 103 45,380 Land&Mt. C., Egypt 3 3 278,800 Do. 5p.c. Mit. Deb. 5 99 20,000 Land Securities 4/ 2 3 50,000 Lands Allotment.... 61 91 10% 100,000 Lon.& S.Africa Expl. s/ 16 17+ 69,872 Lon. Financial Assoc. nil. 77 45,000 Manitoba Mt.& Invt. 30,000 Maurits. Land Credit 1/6 50,000 Mort. Co.(River Pl.) 1/01 1}31 200,000 Do. 3 p.c. Deb. Stk.22/: 100 105 108 110,000 Mort. Co. of S. Aust. gid. 10,000 Do. Cum. Pref... 2/6 5 36,500 Natal Land &Colnis. 5! 6 10,000 Do. 8 p.c. Pref., 1870 41 5 5 169,333 National Discount.. 6/ 5 117 100,000 Nat.Mt.&Agy.,N.Z. 60. I 52, N.S.Wales M.&Agy. 1/4 4.5 2 1 1 200,000 N. Zea. Land Mort. 9 3-5d. I 1 140,000 N.Z.Loan&Mr. Agy. 57 21 3 20,000 Do. 6 Issue ...,11/0} 25 245 254 362,924 Do 4 p.c. Per. Deb. 4 95 97 23,091 N.2. Mort.& Invest. 17 143,000 N.Z. Thames V.Land 34 41 $ 40,000 N.Z. Trust & Loan.. :/ 5 9 20,000 Do. Preference....12/6 25 27 281 43,226 Newfoundland Land 3 216,983 N. Brit. Australasna 25 49,963 Do 6% Irre.. 6 78 83 70,300 Do. Perp. Mort. 5 228,262 Oriental Bnk. Estates is 5 st 6 150,000 Otago & S. Invest. 1/ I it 23,606 Paraguay Land 3 4} 53 600,000 Peel River Ld&Min. 4 100 86 125,000 Quensld. Invt,&Lnd, i i 50.000 D0.125,001 to 175000 60. 430,000 Do. 4 p.c. Per. Db 4 100 94 36 5,387 Reve sion. Int. Soc. 5 1,045 Ditto ditto New 5 25 100,00c River Plate Trst "A" 4/8 2-5 2 50,000 Do.. “B” Shares 3/6 5 45 331,200 Russian 5}p.c. L.Mt. 5100 921,800 Do, Third Series 51 100 8,000 Santa Fe & Cordova - 29 3: 45 400 Ooo Scottish Aus. Invest. 10 185 195 200,000 Do. ò p.c. Gr. Pf. 6 140 400,000 Do. 5 p.c. do. .... 5 100 119 124 55,000 S.African Loan Mort.8 4.100 2 14,200 South Australian ..261 60 65 150,000 S. Australian Ld M. 2/ 27 250,000 Stock Ex. 3 p.c. Db. 3! 104 45,000 Texas Land & Mort. 276 3 39 170,000 Transvaal Land Shrs } 49,271 Trust &Agency of A. 21 4 7/5 14 15 75,000 Do. 5 p.c. Pref. Sh. 5/ IO 121 12 50,000 Trust & Loan of Cda. 31 5 5 5 25,000 Do. do New ..1/91 3 39 99.900 Trustees Ex.&S.Ins. 3/01 3 51 E3 130,000 Union Disct. of Lon. 4/6 5 83 93,500 Union Mt. of Austl. 21 24 499,500 Do. 6 p.c. Pref. 6 100 123 130 76,750 Do. do. 24 375,000 Do. 4*p.c. Ir, Db. 4 100 113 200,000 Do.Irred.D.S.P.C. 100 ron 9,100 Van Diemen's Land. 12/ 12 3,000 W. Australian Land 200,000 Ditto Con Debs. 5 250,000 Ditto IstMt. Dbs. 100,000 Western Ld& Cattle.14/ 100,000 Do, Preferred. 5
MINES-BRITISH, 10,115 Devon Great Consols 61 15,000 Great Laxey 8/ 140,co) Morgan Go'd. 을 6,123 S.Condurrow, Cambrniol 7/5/7 7 4,500 S.WhealFrances, Red. 10/ 13/9/6 6 6,00u Tincroft, Redruth..., 5/ 25/7/6 12. 50 voo Weardale Lead yd. 25/ 6,000 West Bassett, Redrth. 6/8 9/2/6 13 1 200 W.Wheal Seton, Cmb. 30/10/6 30 6,144 Wheal Bassett, Redrthro/ 8/9/6 53 6,300 WhealGrnville, Camb. 5/ 15/12/0 104
INSURANCE 250,000 Alliance Assurance 41 4+/ 91 10,000 Alliance Marine, Lim.101 25 46 24,000 Atlas .....15/ 6 zi} 27.) 50,000 Brit, & For. Mar., Lim14/ 4 53 24 50,000 Brit. Law Fire, Lim, I 13 2} 20,000 Church of England 12 31 34 200,000 City of Lon Fire, L. 71.5d. I 30,000 Cler.Med. & Gen. Life 2/6 501 761 171 50,000 Commercial Union 7/6 5 33 34 4,000 County Fire £ro ..35/9 50 77 80 40,000 Eagle 5/ 5 48 s} 50,000 Employers' Liability 3/ 2 20,000 Eng.& Scot. Law Life 3/6 3) 10,000 Equity & Law Life.. 22/ 6 24 100,000 Fire Insur. Assoc.,Lim i/ 10,000 General Life and Fire 12/ 5 11 50,000 Globe Marine, Lim... a/ 1 11 5,00c Gresham Life 3 20,000 Guardian Fire & Life 251 50 84 86 20,000 Home & Col. Mar. nil 5 3 it 12,000 Imperial Fire £3 25 168 173 7,500 Imperial Life........251 27 31 67,000 Indemnity&Mut.Mar. 51 3 IT 136.493 Lancashire 3/ 7. 8 50,000 Law Fire ..... ..1676 2 153 161 100,000 Law Gua. Trust Soc. 21 50,000 Law Life.. .10/ 23 20,000 Legal & General Life.13/6 8 13 14 89,611 Lion Fire, Limited 1/3 21 391,752 Liver. Lon. & Globe.. 87 431 444 49,626 Do. (Globe 41 ann.)10/ 250 35,862 London . 35/ 53 55 74,080 Lon. & Lancs. Fire 3/ 2* 151 10,000 Lon. & Lancs. Life 22 41 50,000 Lon. & Prov. Marine 3/ 41 40,000 Marine, Limited 353 50,000 Maritinie, Limited 50,000 Merchants' Mar., Lim 2/6 21 21 50,000 National Marine, Lim 3% 100,000 North British & Mer.10/ 67 30,000 Northern .201 IO 60 62 40,000 Ocean Marine, Limited. 216 + 4,678 Pelican 66 63 6,722 Phænix ...k9 50 205 270 2,500 Provident Life .......251 29 31 180,035 Queen 3/ 53 100,000 Railway Passengers 4/ 38/ 77 200,000 Rock Life..... 4/3 101 78 639,220 Royal Exchange 8 385 96,515 Royal Insurance ....12/ 3 50 52 4,300 Sun Fire
TRAMWAYS AND OMNIBUS. 160,007 Anglo-Argentine.... 3! 5 5 st 110,00 Do. 6 p.c. Debs. 6 100 127 10,000 Barcelona ... ......131 10 12} Ditto, 5% Debs. 100 99 20,000 Belfast Street 7/6 ist 153 23,207 BordeauxTrm.&Om. 31 77 8 10,000 Do. 5. p.c. Pref. 5/ 104 49,600 Brazilian Sireet .... Il it 27,500 Buenos Ayres & Bel. 61 5 6 67 160,000 Do. Deb. Stk..... 6 124 128 12,600 Calais..... 1/3 5 2 34,440 Calcutta 3/ 67 15,000 Carthagena & Herr. 91 10 6) 75 113,700 Do. 5p.c.Debs. 5. 100 93 98 96,000 City of Buenos Ayres s/ 5 101 102 116, (k Do. 6p.c. Debs. 5 100 135 140 40,000 Continental Met. 3/9 5 33 4 40,000 Ditto Pref. Snares 3/ 5 st 54,871 Dublin United......4 10 9 10 30,000 Edinburgh Street ol 10 12} 35,000 Glasgow Trm.&Om. 10/:0 9 137 8,256 Hull Street 3/ 2 35 17,770 Imperial 6 5 000 Leicester 2 5,000 Ditto 3/9 7 40,000 Liverpool United 5/ 103 int 35,000 London ... ....15/ 15 15 8,000 Do. Pref. 6/ 10 141 151 12,500 Do. Fnders'. Cts. 3/7 14 16 136,100 Do. Debs. 5 113 594,100 London Gen.Om. TOO 195 205 22,000 London Road Car 2/1 1.5 6 5 55 29,000 London Street......ól 13) 145 60,000 Montreal Street ....5 109 III 99,200 North Metropolitan 9/9 191 12,000 North Staftordshire 4/ 30 8,000 Nottingham & Dis... 21 10 40 43 24,912 Provincial....... 6) ΙΟ 8 84 8,000 Sheffield 2/ 10 53 6+ 5,000 Southampton 4/ 10 67 7+ 23, 868 South London 3/ 10 33 43 13,000 Southwark & Dept... 2/6 10 2 39 6 000 Sunderland 5/ 10 63 14,248 Tramways of France 11 23 39,500 Trams, of Germany 7/6 13 40,000 Tramways Union 77 S 7 it 100,000 Do. 41 103 1.5 16,136 Vienna General 5 1 8,259 Wolverhampton 4/ 64
TELEGRAPHS AND TELEPHONES. ---Con.
PRESENT AMOUNT. NAME. Div. Pd. New 5/
PRESENT AMOUNT. NAME. Div. Pd. PRICE € 65,413 West.and Brazilian.. El 15 13 34,729 Ditto Preferred .. 6/ 75 7. 24,729 Ditto Deferred 2/15 71 "B" 6 107 106 110 88,321 West Ind. and Pan. 21 al 34,563 Do. 6p.c. First Pref.12/ 10 114 124 4,669 Ditto 6p.c. Second 10 131 141 $1,335,000 West. Union of U.S. 7% $1000 114 118 2179.300 Do. 6n.c. Strlg Bds6 WATER WORK8.
PRESENT AMO INT. NAME Div. Pd. PRICE £ (150,000 Barrow Häm. Steel, TO 4 <0,000 Ditto 6p. c. Pref. 61 s 81,483 Bolckow, Vaughan, 12/ 93,045 Ditto, ditto ..7/2 2-5 1a 4,559 Bowling Iron ......20/ 73,600 Consett Iron, Lim...7/6 7 248 251 69,754 Ebbw Vale Steel, :! 90 14,000 English Crown Spel. 41 27,469 General Mining 6/ 10,000 John Brown and Co.35/ 75 65 69 Lehigh &W. B. 6p c. 6 25,000 Marbella Iron Ore, 6/ IO 3 36.905 Muntz's Metal, Lim. 8/3 st 5,000 Nantyglo & Blaina. 35/ 49,639 NerbuddaCoal&Iron / 15,000 Newp.Abron, Bik Vr. 4 8 11,548 New Sharlston Col.P. 71 280,000 North s Navigation.. 5 150,000 Nthmbrld Land, &c. 10,075 Pelsall Coal and Iron.10) 131,410 Rhymnev Iron, Lim. 5 18 68,590 Ditto, New 4/02.5 47 100,960 Do.7 p.c.Deb. 78007 100 175,120 Do. 5 p.c, M. Db. 5 99 34,625 Shen. RF & Mercer P. 34,257 Ditto. Def. 230,000 Simond's Stl. & I.Fg. 3/ 5 23 500,000 South Hetton Coal.. 7 98 85,000 Syd. & Louis, Coa'. 10 5,000 Ditto, ist Pref. 61 6 8} 1,456 Ditto, and Prt. 3 74.950 Vickers, Sons & Co. 8/ 97 ct 749,500 Ditto Prof. 5 104
100 IOO 100 100 10 ico 100
1 101 111 103 108 201 308 138 141 122 126
250,000 Afrcn Drct. 4p.c.Deb 4% 102 1.549,760 Anglo-American ....17/6 51 521 2,725,420 Ditto Preferred..231 8;} 683 184 19 104 75,000 Do., Second Series 5 105 10 10 45 15 4 31 4} 84 94 60,710 Direct U. S. Cable376 20 101 TO 400,000 Eastern .... 2/6 13* 134 IIO 12,500 Ditto 5p.c. Deben. 5 ICO 102 367,900 Eastern and S. Afren 5 105 103 105 180,227 Globe Tele, and Trst. si 71 8 180,042 Ditto, 6 p.c. Pref. 3/ 148 143 150,000 G. North.of Copnhga s lu 16 40,000 Ditto sp.c. Deb. 5% 100 102 IOS 250,000 Ditto sp.c. Deb. '83 5 100 toy 108 17,000 Indo-European 2/6 25 39 41 38, 348 London Platno-Brazil 2,6 10 73 8 100,000 Ditto, 6 p.c Deb. 6% 100 113 220,000 Oriental Telephone 3 11/ 5-16 7-16 9000 Reuter's 81 8 7! 55,000 Untd. R. Plate Tele. 3/ 5 6) 100,000 Ditto Debs, 5 I15 121 100,000 United Telephone.. 5/ 5 164 15,607 West African Tele... 31 9 300,000 Ditto Debs. s% 101 104 30,000 W. Coast of America 61 10 101 150,000 Ditto, 8 p.c. Deb. 8% 100 120 124
16,458 Alexandria. Limited..10/ 15,000 Antwerp Limited....10/ 717,46, Chelsea 9 150,000 Ditto 5% Pref. 5 100 160,000 Ditto 43% Perp. Pref. 4 100 150, 100 Ditto 43% Perp. Deb. 4 100 10,000 Cy St. Petersburg N.127 10,000 Colne Valley2/6 10 65,000 Do. 4 p.c. Debs. 1,720,560 East London.. 75 100 544,440 Do. 41 p.c. Debs... 14,000 Grnd Jun. (Mx. 10pc) 9 50 2.800 Do. New (Mx.7) £50 1 50 708,000 Kent.... το 10ο 15,003 Ditto New 7 6 45,000 Kimberley, Lim.,.....10 7 8),000 Do. 6p.c. Debs..... 6 13,459 Lambeth, Mx. 10 p.C. 9. 100 4,950 Ditto do. 7. p. c. 75 100 205,000 Do. 4 d.c. Deb. Stk 1 100 20,coo Monte Video ......201 30,000 Odessa, Lim. A 6 pc P.20/ 12,472 Do. B 174.300 Ditto, Deb. Bds. 100 94,600 Pernambuco, ist Dbs. $800,000 Portland (U.S.A.) 5,000 Shanghai, Limited ..287 225,000 Sth. Stafford. "A" 5 289,250 Ditto "B" 5 161,613 Ditto 4% Debs. 902, 300 Southwark & Vauxhall 1,265 Do. Clss.D Shs.(Mx7]) 6 109 489,700 Ditto 5% Pref. 5 100 267,665 Ditto 47 Debs. 41 100 38,500 Tarapaca, Limited 4/5 7 1,155,000 West Middlesex 150,000 Ditto Perp Debs
277 177 131 10 10 104 350 199 118 214 221 348 353 125 126
వృs | | | 12831835: IREL'IAH
12,500 African Steamship 41 16 0,419 Amazon Steam 6/3 121 50 COO British Ship Owners.. 6/ 70 35,000 Castle Mail Packets.. 10/6 14 10,635 Commercial Steam ..161 60,050 Curard Steam ......16) 40,000 Do. do. 8/ 25,321 General Steam ...... 61 IS 830,000 Do. 5% Pref.1374 51 10 6,758 Do. do. 1877 51 10 27,487 Mercantile Steam....15! 5 75,000 National Steam...... 10/ 39,189 N.Z Ship. (Lon. Rg.) 61 8 46,638 Orient Steam ..101
Dickens Custer MINES, LIMITED, notify that Mr. Walter Mac. Great WESTERN RAILWAY (LONDON) CRICKET CLUB.-On the Dermott, of Messrs. MacDermott and Duffield (London agents for 18th instant a meeting of the members of this club was held at the Messrs. Fraser and Chalmers at Chicago) is now at their mines, having club ground, the Green Man, Ealing Dean, for the purpose of pre; been instructed to make an exhaustive report thereon. The board has senting a testimonial, in the shape of a handsome oaken case of made a call of 6d. per share, payable on June 6. cutlery, to Mr. H. F. Clark, of ihe audit office, who has recently NUNDYDROOG (April 30). -Assays of weekly samples from the mill. retired from the captaincy of the club. The presentation was made in Rough quartz 2 oz. 4 dwt. 12 gr. ; smalls i oz. 12 dwt. 12 gr. felicitous terms by Mr. Mote, one of the members of the club com. OOREGUM (April 30). ---Assays 4 oz. 15 dwt. ; 1 oz. 17 gr. ; 5 oz. mittee, and a most enthusiastic reception was accorded to Mr. Clark, 9 dwt. ; 1 oz. ; 4 oz. 2 dwt.; 5 oz. 13 dwt. ; 2 oz. 5 dwt. ; 1 oz. 14 dwt.; by the large number of members present. The case bore the following 2 oz. 10 dwt. ; and others from 4 to 19 dwt. inscription : “Presented by the Great Western Railway (London) BALAGHAT MYSORE (April 30).--2 oz. 18 dwt. ; 1 oz. 3 dwt. ; 2 oz. Cricket Club to Mr. H. F. Clark, as a token of appreciation of his 4 dwt. ; 3 oz. 3 dwt. ; others from 6 to 18 dwt. Victory Gold.-Mr. Robert Larchin, one of the directors of this great services to the club during the fifteen years in which he held the captaincy." company, sailed from Southampton last week for Venezuela, to per. sonally superintend the erection of the additional machinery. Blue SPUR AND Gabriel's Gully.-A telegram states : “Mr. THE PARIS EXHIBITION.-The Western of France Rail : Lawder, mining engineer, has examined and confirms report. Has way had its work to do on the day of the recent centennial great confidence in the mine, looks very favourable. Stout's letter will celebrations, This company has two routes between Paris and give you full particulars. Drainage accident has delayed. Partial Versailles, called the Right and Left Banks, and on the former clean up. Gold for April 640 oz. 76,000 passengers were carried in 153 trains, giving an average UNITED MEXICAN.-San Cayetany Property.-Gross returns for of nearly 500 per train. On the Left Bank route 63,000 pasweek ending May 11, $8,300 ; expenses for week ending May 4, sengers in 117 trains, or about 540 per train, were carried. The $8,200 ; loss for week ending May 4, $2,200. El Cubo Property.– total by both routes was thus about 140,000 in 270 trains. Expenses week ending May 4, $3,300. Mount LEYSHON (QUEENSLAND). -A telegram dated the 20th Taking however the whole of the company's, surburban system, inst. states ; " Engine repairs not yet finished; will cable restarting; the number of trains run was 661, in which, during a period of mine is improving.” nineteen hours, the company carried 290,000 passengers . The Midas Gold Field.-Yield for week 135 oz. (£553.) staircases leading to the second floor of the suburban carriages Denver Gold. The following telegram has been received: “The were crowded in many cases with 32 passengers over and above 1,050 cross-cut reached main lode, showing 2 feet good ore, 200 level the number of passengers for whom there were seats, and it rich. Our prospects are very favourable.” is much to the credit of the company's officials that they cor. MOSMAN GOLD.-A telegram 'dated May 17, states that there are ducted this enormous traffic without a single fatal accident . 1,000 tons of the company's quartz in the paddock ready for crushing. This trafhc was, of course, in addition to the main line business PITTSBURG CONSOLIDATED Gold (May 19). – Seven days four dealt with at the St. Lazare terminus, numbering some 40,000 mills crushed 350 tons, yielding 4,540 oz. South African.-TRANSVAAL GOLD EXPLORATION (April 22). — passengers. The company also did a very large business on A shipment of six bars melted gold, weighing 506 oz. 17.dwt., value the day of the opening of the Exhibition, carrying about 50,000 £1,925 was forwarded on April 21. to its Champ-de-Mars Station. SOUTH AFRICAN (April 13). ---Blue ground hauled, 6,010 loads; The Union Steamship Company's Royal Mail steamer Moor, which blue ground washed, 4,734 loads; diamonds obtained, 1,447 carats arrived at Southampton at 2.26 a.m. on Sunday, the 19th inst., has estimated value £1,750. April 20.—Blue ground hauled, 5,700 loads; made a very rapid passage from Cape Town. She left that port at blue ground washed, 4,915 loads ; diamonds obtained, 1,569 carats ; 4.47 p.m. on May 1, and the distance run,5,999 miles via Madeira, was estimated value £1,800. accomplished in 17 days 9 hours 39 minutes gross time, the net steamLONDON AND SOUTH AFRICAN EXPLORATION.–At the meeting ing time being 17 days 5 hours 6 minutes, giving an average speed over the chairman stated that the revenue for the past year was £85,326, the whole distance of 14.52 knots per hour. This is the fastest passage which compared savourabiy with the previous year. The distribution yet made between Cape Town ard Southampton,exceeding the Tartar's has been 155 per share, which absorbed £75,000. The capital of this previous record by 7 hours 4 minutes. The Moor brings from Cape company is £50,000, and the denomination of the shares is 10s. fully Town Ilis Excellency Sir Hercules Robinson, K.C.M.G., P.C., paid. governor of the Cape of Good Hope, and party.
LONDON: Printed at the "Boswell" Printing Office, 10, Shoe Lane, Fleet Street, E.C., and Published by JAMES Hicks STACEY, at 3, Whitefriars Street, Page 16
THOMAS THOMPSON, JOHN SHAW, STOCK and SHARE DEALER] Stock and Share Dealer, LONDON ADDRESSES: WARDROBE CHAMBERS, DOCTORS, , Nos. , 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13; 8%, ANGEL COURT, LONDON, E.C. QUEEN VICTORIA STREET, "E.C., No." 16:: OMÂYMARKETS and on WESTBOURNE GROVE, W., No. 18; LONDON BRIDGE, RAILWAY APPKOACH, 10 and co, London Bridge, S.E. (exactly opposite London Bridge Station) BRIGHTON ADDRESS: CENTRAL CHAMBERS, THE Telegraphic Address : “NOSMOTH,” LONDON. QUADRANT. MANCHESTER ADDRESS: BRIDGEWATER CHAMBERS, 6, BROWN STREET. Telephone No. 509. BA ANKERS:-CAPITAL and COUNTIES, LUDGATE HILL; CAPITAL and COUNTIES, COVENT GARDEN; CAPITAL and COUNTIES BRIGHTON; CENTRAL BANK of LONDON, NEWGATE STREET, E.C., CENTRAL BANK of LONDON, TOOLEY STREET, S.E Bankers : The City BANK, LIMITED, & The Royal EXCHANGE BANK, LIMITED. £ 5 COMMANDS £500 STOCK. £io Mr. THOMPSON transacts business in all classes of Securities, £, 20 Bonds (Foreign and Colonial), Banks, Railways, Insurance, Telegraph, Tramway, Gas, Water, Mining, and all Miscellaneous Shares. £ 50 Shares sold at Special Prices for Forward Delivery (one, two, or £ 500 £ 500 NO OTHER LIABILITY WHATEVER. three months) on Deposit of 20 per cent. LS ONDON CUSTOMERS. Advantages to:-They can open up any Stock, however speculative, at Close Orders by Letter or Telegram promptly attended to. Prices, and there are more facilities for dealing by telephones and other recording instruments than offered in any other office in London. The rooms for operators GEORGE GREGORY AND CO., ure much more commodious, and there is a larger staff to attend upon customers. No matter the state of the Market, or whether immediate dividends or traffics are STOCK AND SHARE DEALERS, imminent, John Shaw deals there and then. 1, Church Court, Lothbury, Bank of England, COUNTRY CUSTOMERS. The Advantages I offer to Country Customers are-No Brokerage, Immedi ate Settlements, Liability strictly Limited to Amount Deposited, unless otherwise Open Speculative Accounts with i per cent. cover. All Telegrams Free, arranged, Close Prices, Telegrams Free on opening Stock and on every necessary Special Business in Mining. Miscellaneous, and Unquoted Shares. inquiry. Prices sent by Telegram at any time Free, whether Business is done or Hundreds of Testimonials from Clients. No Commission charged on Exhaustive Lists of Prices Weekly Free. buying, selling, or carrying over. Lend money to any amount on approved IMPORTANT TELEGRAPHIC ARRANGEMENTS. Stocks and Shares. Weekly. Fornightly, and monthly Circular showing WHAT TO BUY, WHAT TO SELL, WHAT TO AVOID, I WISH to call close attention to a feature in my business which is of Free on Application. Write for our Work, entitled the utmost importance to country dealers. By arrangements with the Post “ HINTS TO SPECULATORS" Office I have a direct wire into my own offices, thus saving some ten to twenty minutes on messages. The advantages to customers dealing at a distance, who are (45 pages), giving a mass of information, and containing highest and thus put in actual contact with my offices from every part of the United Kingdom lowest prices of all Stocks, together with Dividends paid for the past nine are obvious. years. All post free. See Press Opinions. 1888. - DURING LAST YEAR I DEALT IN OVER ONE HUNDRED Registered address for telegrams: “Grammarian, London." MILLION of STOCKS and SHARES. I NEED HARDLY POINT Correspondence invited. OUT the PRODIGIOUS AMOUNT. or NEED HARDLY SUGGEST the REASON-viz., that the PUBLIC KNOW WHERE and WHEN THEY CAN DEAL WITH A STRAIGHTFORWARD, HONOURABLE, and RESPON. CHARLES TURNER & SONSIBLE MAN, £100,000,000. MANUFACTURERS, -The AMOUNT OF STOCK I HAVE DEALT in THIS YEAR 1889. UP to the END of LAST ACCOUNT was OVER FORTY-ONE AND-HALF MILLIONS. 9, BROAD STREET, BLOOMSBURY, LONDON, W.C 5141,500,000 IN OPERATING I GIVE YOU THIS ADVICE, whether you deal with me or elsewhere. A large stock of well-seasoned Varnishes always on band. 1. Let your profits run. 2. Do not follow a loss more than 2 per cent. ; all heavy losses are invariably made with unlimited cover. Run profits and cut losses. Patents for Inventions obtained in all Countries 3. Remember you know your risk when you limit your cover. of the World by 4. Do not deal with firins of whom you know nothing, however specious their representations, or you will lose both your cover and profits. Make due inquiries. PATENT AGENTS, TELEPHONE NUMBERS: CITY: 1;578. WEST END, 3,582. BRIGHTON, 190. ESTABLISHED 1856, TELEGRAPHIC ADDRESSES: JOHN SHAW, LONDON.” "JOHN SHAW, BRIGHTON." 321, HIGH HOLBORN, LONDON. . AGENTS FOR SEVERAL THOUSANDS OF PATENTS. J. & T. DAY'S PATENT OSCILLATING PLATE CORD FASTENER. . TO PREVENT WASTE OF SHEET STRINGS AND TO SAVE TIME IN SHEETING AND UNSHEETING UNSHEETING WAGONS. OBVIATES TYING. NO KNOTS REQUIRED. CHEAP, SIMPLE, DURABLE. IN CONSTANT USE ON SOME OF THE LARGEST RAILWAYS. COLLINGE'S PATENT HINGES & GATE FITTINGS, Grafton Steam Works, Prince of Wales Road, IN USE UPON ALL THE LONDON RAILWAYS. London, N.W C. E. HORNOR (Late Charles Collinge), Also the Patentees of the COMBINATION FLUSHING SYPION SYSTEV SOUTHWARK STREET, LONDON, S.E. largely used by Builders and Railway Contractors, giving universal satisfaction. SPENCER, , 14, GREAT ST. THOMAS APOSTLE, LONDON, E.C. MANUFACTURER OF WROUGHT IRON TUBES AND FITTINGS, 161, QUEEN VICTORIA ST., LONDON, E.C. For GAS, WATER, and STEAM, GALVANIZED or ENAMELLED ITALIAN ASBESTOS IS THE BEST. CATALOGUE FREE. COCKS, VALVES, &c., &c. E. S. HINDLEY'S HORIZONTAL STEAM ENGINES THE For ELECTRIC LIGHTING and other purposes. Defies all Competitors. Proprietor- Mr. LANE. Open 11 a.m. till 6 p.m. Soups, Entrees, &c., &c. 11, QUEEN VICTORIA STREET, LONDON, E.C. Note Address-22, LIME ST., FENCHURCH ST., LONDON. ASBESTOS FIREPROOF, 1, LUDGATE HILL, AND AND ALL OTHER KINDS OF PAINT MADE BY 62, OLD BROAD ST., E.C THE ASBESTOS FIREPROOF PAINT CO., FIELD GLASSES ARE THE BEST. 161, Queen Victoria Street, E.C., & Clement St. Works, Birmingham. I PAIR SENT FOR 30s., & EXCHANGED IF NOT APPROVED.
S. & C. WARDLOW, SHEFFIELD, ENGLAND, Special Brand "TOUGH' Cast Steel. &
JOHN spencer, Globe Tuben Works: WEDNESBURY, THE UNITED ASBESTOS CO., D. Page 17
and Furness 8s. 9d., the prices paid by other companies ranging Metropolitan. Met. Dis. from 5s. 4d. on the North Staffordshire—the lowest figure in | Locomotive department No. of engines. 67 the list of English companies ; the Lancashire and Yorkshire 54 Train miles... Total 1,062,119 729,552 coming next with 5s. 60.-to 75. ud. on the Maryport and Per engine 15,853 13,510 Carlisle line. The Scottish companies are particularly fortunate Unproductive miles.... 140,013 69,813 Per cent. of train miles 13.18 in the price at which they obtain their coal supplies, the average. 9.57 Total engine miles 1,202,132 799,365 of the four companies being only 4s. 5d., whilst the Caledonian Coal consumed ...... Total tons 18,361 10,388 Company paid only 3s. 11d., the North British slightly over 45. 4d., Rate per ton 155. 4.ood. the Glasgow and South-Western 45. 7d., and the Great North Quantity per engine mile 29.11 lbs. Cost per ioo engine miles 205. 7d. of Scotland 8s. 9d. per ton. Considering the sea passage and Cost of working....... Total £30.118 £19,847 the distance from the pits the average of 125. 8d. per ton, which Per engine £449 £367 the five Irish companies paid for their fuel in the second half of Per train mile 6.81d. Cost of repairs .Total 1888, cannot be regarded as high, it is at least lower than the £10,019 Per engine 149 price paid by five of the English companies-the conditions of Per train mile 2.26d. 2.14d. supply being about the same for each of the five companies. The cost per ton varies but little on the Irish lines, the lowest figure being 125. 3d. on the Midland Great Western, and the highest THE FORTH BRIDGE. only 135. on the Northern Counties' system. The column of last week's table giving the quantity of coal (FROM OUR OWN CORRESPONDENT.) consumed per engine mile shows very considerable differences, AFTER visiting the great Forth Bridge works every year for due to a variety of circumstances. The gradients, the weight so long, I almost regret the idea which forced itself on my of the loads, the quality of the coal, the structural peculiarities mind on going over the works once more on the Queen's birth of the engines-these and other conditions of working would day, that ere another year it will be a going concern, and the have to be considered in an attempt to explain why the quantity gigantic temporary works will be in process of destructia of coal burnt per engine for each mile run should vary so much Indeed, the work of removal has already begun, for when I wer: on different systems. In Ireland, on the five lines mentioned, up in the cage to the sunimit of the southern pier, a part of the the average con onsumption of coal per engine mile was only platform there was already gone, and in a few days a visit us 27.52 lbs.; in England, on the nineteen lines, it was 35.79 lbs.; this interesting part will be no longer possible. Those who whilst in Scotland it was as high as 46.07 lbs. Taking the nine- have the entree will, of course, be able to get to the top of the teen English companies, we find that the lowest consumption of Inchgarvie and northern piers for a short time longer, but it is coal per engine mile was 27.61 lbs. on the South-Western, the really “the beginning of the end” to find that henceforth the Brighton following with 28.74 lbs., the Chatham 30.87 lbs., and the upper work on the Queensferry Pier will only be accessible to South-Eastern 31.78 lbs. The figures of the North London, in spite it is said that about a hundred men will find constant emplos: painters, or other necessary visitors. A word as to painting of its heavy goods traffic, works out at 30.17 lbs. The Furness shows the heaviest consumption in England at 46.85 lbs. It is ment in keeping the surface of the structure in good order, for suggestive, perhaps, of the less suitable character of the fuel as soon as one end is reached it will be time to begin again de obtained, that, whilst the Scottish companies secure their coal, better, perhaps, than any statement of thousands of tons of steel This gives some faint idea of the extent of the work, Irish companies, the quantity burnt per engine mile is very or how many miles the piers and struts would make laid end to end much higher, the average of the four companies being 46.07 lbs., For one who has not ascended the Eiffel Tower, the assertion against 35.79 in England, and 27.52 in Ireland. The last-named may seem a bold one, yet it might be safely said that from the exceptionally low rate of consumption is due, no doubt, to the 360 feet of the Forth Bridge, a spectacle can be seen which 2 No doubt corlighter average of the loads, and the large proportion of Welsh che 920 feet of the tower can never surpass. parisons are steam coal used. odious," ;" but the marvellous panorama of firib and island, champaign and mountain, field and village, In estimating the cost to the various companies of each 100 and distant city presented from the Forth Bridge is miles i un by the engines, the quantity of coal consumed per hard to beat. Here at our feet lies H.M.S. Devastation, one engine mile modifies to a considerable extent the results of the of the "leviathans afloat," yet so much diminished in this high or low price at which it is obtained. This is shown by bird's-eye view that all the wonder of Shakespeare's words in the averages of England, Scotland, and Ireland for the two “King Lear” comes back to memory, and “yon tall anchoring items compared with the cost per 100 engine miles bark” becomes more of a cock-boat than it would do even Cost Consumed per seen from Dover cliff. How true are Shakespeare's thoughts! engine mile. 100 miles. We have here no choughs or crows, but the sea.mews “ibat England 75. 6.68d. 125. 0.god. wing the midway air, sh scarce as gross as beetles.” Scotland 45. 5.24d. 46.07 lb. 9s. 1.550. How tearsul aná dizzy 'tis tɔ cast one's eyes so low! There Ireland 125. 8.14d. 155. 6.94d. is no doubt that the green and hungry water affects the thoughts Total 75. 2.13d. 36.86 lb. IIS. 9.71d. more than the aspect of mother earth, and, when stepping From the above figures it will be seen that whilst the coal for across the little space between platform and cage, as we prethe English companies cost 3s. 1.44d. per ton, and the Irish pare to descend, the river is seen gleaming far below, I do not 8s. 2.god. more than the Scottish, the cost per 100 engine miles wonder that the ladies of our party--and for the matter of that, is only 25. 9.35d. in the case of the English, and 6s. 5.39d. in perhaps, the gentlemen too-feel some little trepidation and the case of the Irish, above the Scottish figures. It would taus fear, like Edgar, that the “deficient sight” will “topple dowo appear, as above stated, that whilst the price per ton of coal headlong." Nothing has ever yet happened to those cages, or paid by the Scottish companies is considerably less than that the many who have travelled up and down in them for duty or paid by the English and Irish companies, the quality of the pleasure, but it was a satisfaction to know that that morning coal is not so economical for locomotive purposes. the spring clutch, designed to avert accident in the unlikely event of the steel rope breaking, had passed its weekly test. Just in proportion as the construction has advanced, have the With reierence to the table given in our last week's issue, the works on shore receded in importance. All the gigantic tubes comparison of working of the underground lines is complicated and girders have been made, there are no caissons as large * by the mileage run for and by other companies. A more gasometers in hand, as there were in the early sinking days, and accurate comparison is ensured by taking the District engine the pieces of steel being dealt with, though, perhaps, as many in mileage at 729,552, as given in the report, when the figures proportion, are less in dimension. There is still active work in would be as under : the immense model room, on the floor of which, as on some Traffic receipts, Metropolitan. Met. Dis. giant's blackboard, every part of the structure has been wrought Total £307,236 £185,105 out full size, and perhaps the strain on the engineer staff is ini Per engine 4,585 3,427 creased rather than lessened, because, as the arms of the cantiPer train mile 55. 9.42d. 5s. 11.30d. levers diminish in size, the crossings, joints and junctions become Page 18
04 3500 tons cach to ply on the lakes it is reported that the At the annual meeting of the stockholders of the Missouri Pennsylvania road will shortly extend its line into Detroit from Kansas and Texas Railroad Company. Mr. H. K. Enos, Toledo, and will unite with the Canadian Pacific and the Flint chairman of the executive committee, made a report of the and Pere Marquette roads in erecting a depot. doings of said committee during the year, and recomme mending Lehigh Coal and Navigation Company has declared a semi- that, inasmuch as the road could not earn more than $1,300,000 annual dividend of 2% per cent., payable June 11. per annum over and above operating expenses, the bond and stockholders be made acquainted with that fact, with a view of The Ontario and Western road has won its fight against the scaling down the indebtedness so as to come within or near Delaware and Hudson for the right of way through Carbondale, i that limit. thus securing an entrance to the anthracite coal regions. The Scranton and Forest City, the Forest City and State Line, and The Norfolk and Western road has bought at a cost of the Hancock and Pennsylvania railroads, on which the grading $1,000,000, 225 acres of land near Ironton, Ohio, as a sight for is about to begin, have been consolidated as the Ontario repair shops and round house for the proposed' West Virginia Carbondale and Scranton Railroad. and Ohio road, from the Flat Top coal field to the Ohio river. The Delaware and Hudson Company has declared a dividend Engineers are now making examinations at the Ohio river, with of 134 per cent. The purchase of the Adirondack road by the a view to determining the probable cost of a bridge. company is rumoured. The road runs from Saratoga to North The Atchison Topeka and Santa Fe Company has contracted Creek, a distance of about 58 miles. Several extensions are with the Peninsular and Oriental Steamship Company for a under consideration. first-class line of steamers between San Diego and Yokohama Previous to the consolidation of the Cleveland Columbus to handle a portion of the silk business. Cincinnati and Indianapolis, and “ Big Four," systems, Judge Burke procured an injunction against the consolidation, but, by year ending April 30, 1889, shows total earnings $4,161,057 ; The report of the Pacific Mail Steamship Company for the consent of counsel, it was so modified as to allow the meetings expenses, $3,666,160 ; net, $494,896. Jay Gould, Sidney Dillon, to be held on the 15th. and the consolidation ratified pro forma Russell Sage, C. P. Huntington, Henry Hart, William Remsen, without prejudice to his case. The question was to come up for Edward Lauterbach, Harvey Kennedy, and George J. Gould argument on the 21st inst. have been elected directors. The American Midland stockholders have authorised the The Board of Arbitrators of the Inter-State Commerce directors to bond the line as far as completed in a sum not to Association refused the request of the Alton road to reduce exceed $50,000 for each mile now in operation. The proceeds their lumber rates to Missouri River from 16 to 10 cents. The will be applied to the liquidation of the floating debt and the decision declares a 10 cent rate a war rate, which would entail extension of the line to Fort Wayne, Ind., in the west, and to losses of millions upon the road. A compromise of 13% cents Red Bank, Pa., in the east. is proposed. At the annual meeting of the stockholders of the Pittsburgh Youngstown and Ashtabula Railroad, the report of the opera The Central Traffic Association has acceded to the request tions of the road for the year 1888 showed total income, of the Grand Trunk that it be allowed a rate of 45 cents on $1,088,336 ; expenses, $669,330 ; net income, $419,006 ; total dressed beef to Boston, instead of 43% cents, which it had charges, $411,367 ; surplus, $7,639; balance to credit of income been receiving. A general rate of 45 cents for all the roads has account, $104,722 ; total to the credit of income account, consequently been adopted. December 31, 1888, $112,361. A resolution was passed authoris. CHICAGO MILWAUKEE AND St. Paul.-Messrs. J. S. Morgan and ing the completion of the line between Lawrence Junction and Co. have received by the subjoined statements for the month of April Wampum Junction about 5 miles, thereby completing a through and for the four months, January to April, inclusive :line between the lakes and the Pittsburg Fort Wayne and Chicago. April. 1889. 1888. Gross earnings $1,820,000 $1,826,000 A petition is about to be filed by the Farmers' Loan and Expenses 1,341,000 1,483,000 Trust Company, to be filed before Judge Gresham asking the appointment of a receiver for the Chicago and Atlantic Rail $479,000 $343,000 way. While a default in the interest is the reason assigned Net increase for April, 1889 ... 136,000 for the action, the fact is that an appeal has been granted January to April--four monthscertain bondholders in a recent decision of the United States Gross earnings... $7,172,000 $6,785,000 District Court, which, if allowed to take its course, would delay Expenses 5,121,000 5,789,000 the reorganisation of the company possibly three or four years. Getting the road into the hands of a receiver, it is supposed, $2,051,000 $997,000 will enable the first mortgage bondholders to move with Net increase Jan. to April, 1889 1,054,000 promptness for a foreclosure sale. PHILADELPHIA AND READING RAILROAD. — The comparative state ment of business of the railroad company for April shows :At Chicago, May 15, at the annual meeting of the stock. April, 1889. April, 1888. Decrease. holders of the Chicago Burlington and Quincy Railroad, the Earnings $1,381,525 $1,833,320 $451,795 old board of directors was re-elected, except that Richard Olney, Expenses 878,568 950,631 72,063 of Boston, was elected in place of Sidney Bartlett, deceased. Surplus ...... $502,957 $882,689 $379,732 The Keokuk and Western Railway announce that on and after The returns of the Philadelphia and Reading Coal and Iron ComJune 1, that company will cease to operate the Centreville pany, will, in future, be published at the end of the year. Moravia and Albia Railroad, extending from Centreville, Ia., to New York Lake ERIE AND WESTERN. –The gross earnings of Albia, la. the company, including the New York Pennsylvania and Ohio Rail road Company, for the month of April were $1,953,733. The workin The annual meeting of the stockholders of the Denver and expenses were $1,329,237, and the net earnings $624,496; or less Rio Grande for the election of directors was postponed until proportions due to leased lines of $174,909, the net earnings were July 30. The extension from Glenwood Springs, Colo., to New $449,587, showing a decrease, as compared with the same period last Castle was opened May 11. Workmen are laying the third rail year, of $83,159. on the Denver and Rio Grande below Glenwood Springs. New York PenxSYLVANIA AND Ohio. - The Erie Company have returned the gross earnings of the New York Pennsylvania and Ohio W.S. Millen, present general manager of the Wisconsin Railroad Company for the month of April as $460,419. The gross Central Railroad, has been appointed general manager of the traffic for the same period of the previous year amounted to $491,210, so Northern Pacific and all its leased lines, and will enter upon that there is a gross decrease of $30,791 for the month. the duties of the position July 1. New YORK ONTARIO AND Western. - The statement to the Judge Ross, in the U S. Circuit Court, at Los Angeles, has de- Gross, $351,609, increase, $21,203 ; operating expenses, $312,657, in State Railroad Commission for the quarter ending March 31 shows : cided in favour of the Government in a suit against the Southern crease, $3,437 ; fixed charges, $67,462, increase, $3,657 ; loss from Pacific Railroad to annul all patent of lands in Los Angeles operation, $27,867, decrease, $14,752 ; cash on hand, $108, 360 ; County. This case affects a title to over 800,000 acres. profit and loss surplus, $370,623. New York Ontario and Western as Page 19
The following table shows the amounts received from passengers and MINING INTELLIGENCE. goods by the leading companies for the 23 weeks of the current halfyear to date : South African (week ending April 27). --Blue ground hauled Passengers. Goods. Caledonian £290,000 + £14.500 £678,000 +638,500 carats, estimated value £1,425. Heavy rains interfered with work. 3,375 loads, blue ground washed 3,375 loads, diamonds obtained 1,235 Glasgow & S.-W. 142,000 + 6,000 220,000 + 2,300 GORDON DIAMOND (week ended 25th inst.).—7,500 loads blue Great Eastern 648,oco +14,000 648,000 + 12,000 hauled, 5,300 loads blue washed. Value diamonds produced £1,800. Great Northern 573,000 +15,000 962,000 + 45,000 Gt. North. (Irelnd.) LANGLAAGTE ESTATE AND GOLD.-Estimated crushing for May is 130,000 + 3,600 122,000 + 7,900 Great Southern & Western 5,500 ozs., as against 4,374 ozs. for last month. 137,000 + 7,900 144,000 + 8,100 MYNPACHT (LUIPAARDS Vlei) GOLD.—It is notified that the com. Great Western .. 1,257,000 +16,000 1,7714,000 +83,000 Lancs. & Yorks have cut Bothas Reef on their property at a depth of 90 feet, pany 553,000 -23,400 1,032,000 + 50,500 where it is 5 feet wide, and assays i oz. to the ton. London Brighton...... 572,000 + 28,300 219,000 + 4,600 NOOITGEDATCHT EstATE AND GOLD.-A cablegram states: “Have London Chatham 358,000 + 13,300 106,000 + 2,200 discovered a new reef yielding 1 oz. per ton.” Lond. N.-West. 1,495,000 +33,000 2,581,000 + 122,000 Lond. S.-West.............. Sheba GOLD.-This company have received a shipment for 709,000 + 20,200 380,000 + 9,200 February and March of 3,403 ożs. of gold, realising £13.787 55. rod. Man. & Sheffield 159,000 1,700 544,000 + 40,400 WITSWATERSRANDT VENTURE. – Mr. Chas. Hancock, managing Midland... 834,000 + 5,000 2,217,000 + 133,00 director of this company writes May 3:—“I am more please with the North-Eastern 627,000 +24,000 1,836,000 + 122,000 mine than ever. I feel quite certain that I can make a good mine out North London 120,000 500 60,000 + 800 A telegram dated May 29, says.-“Work is being pushed ahead. North Stafford 73,000 + 1,700 199,000 + 6,100 Mine looks very favourable-has greatly improved. Success considered South-Eastern 499,000 + 8,900 222,000 + 5,400 certain." * Seventeen weeks, CAPE COPPER COMPANY V. THE COMPTOIR D'ESCOMPTE. ---An appeal by the defendants from a decision of Mr. justice Stephen at Manchester Sheffield and Lincolnshire Railway. The Chambers, refusing to set aside the writ and service of the writ, the total traffic receipts of this company's railways and canals (exclusive of action being brought on a guarantee given on a contract for the supply joint lines) from Jan. I to May 19, 1889, amounted to £654,734, of copper, came before Justices Mathew and Grantham on Tuesday. as compared with £624,155 from Jan. i to May 20, 1888. The The ground of the appeal was that the writ had not been properly total expenses, including rents, toll, duty, &c. (exclusive of joint lines), serveri, the defendant being a foreign corporation, and out of the from Jan. I to May 19, 1889, were £411,854, as against £393,138 jurisdiction of the English courts ; but, inasmuch as there were three from Jan. i to May 20, 1888. As the receipts and expenses for the other cases of an exactly similar nature pending before the Court of corresponding period of 1888 include two days more than the current Appeal, the learned counsel suggested that the present case should period, it will be necessary, in order to make a correct comparison stand over in order that the result of those appeals might first be for an equal number of days, that the figures for the two days named known, when they would, of course, govern the present case. Mr. should be added to those above shown for 1889, which may be Abrahams, for the plaintiff company, however, suggested it would be estimated at 46,cco for receipts, and £3,000 for expenses. The better that the present application should be dismissed, and then his allowance referred to being made for the extra days, the gross receipts clients would be placed on an exactly similar footing with regard to have increased £36,579, and the working expenses 421,716,so that there any further proceedings as the parties in the other cases. This course, is a net increase of £14,863. As the net receipts to May 5 amounted therefore, was adopted, the appeal being dismissed with costs. to £12,886, there is an increase of £1,977 in the net earnings for the past fortnight. CENTRAL ARGENTINE GOLD Fields.—The manager writes that Brighton Railway.—The working statement of this company for he expected to commence sluicing operations on May 30. April-with the January, February, and March figures—and last year's DAY DAWN BLOCK AND WYNDHAM GOLD (Forinight ending 25th corresponding returns, are given below : inst.). --Tons crushed 1,100, yield of gold 1,074 oz., approximate 1889. 1888. Inc. or dec. value £3.700, fortnight's expenses £2,140. Gross revenue ... Jan. £161,711 £156,460 + £8,251 DAY DAWN P. C. Gold.-Crushing fortnight ending May 25, viz., Feb. 132,812 129,418 3,394 -1,000 tons, 1,254 ozs. (Estimated value, 64,263.) Mar. 154,876 155,487 611 EL CALLAO GOLD.- Latest advices state : “ Branch lode drist in April 196,317 173,185 23,132 sections Nos. 196, 214 and 219. Appearances decidedly favourable.” Etheridge UNITED GOLD. -" For a fortnight's crushing up till Four months £648,716 £614,550 +£34,166 March 20, at the two mills, 247 72 ozs. retorted gold. GYMPIE GREAT EASTERN GOLD.-“ For the four weeks ending Working charges, &c.......Jan. £86,445 £84,763 + £1,682 March 27, 600 tons of quartz were raised and crushed for a return of Feb. 81,456 79,585 1,871 ... Mar. 85,276 82,488 1,019 ozs. 10 dwts. of smelted gold. Everything about the mine is in 2,788 fair working order. There are seventy-eight men employed, sixty-eight April 86,472 83,669 2,803 at the mine, and ten at the battery. Four months 4339,649 4330,505 INDIAN GOLD (May 24). -Crushed 286 tons, which yielded 33 oz. + £9,144 of gold, stamps only ; Cuncentrates, blanket sands, &c., are reserved. Deb. pref., &c.... .Jan. £65,515 4,65,122 393 Midas GOLDFIELD.--Yield for week, 153 ozs. (£612). .Feb. 65,515 65,122 393 Moodie's Gold. -- Profit, £3,768 carried forward. Will not pay a Mar. 65,715 65,294 421 dividend. April Ú5,765 65,422 343 MORGAN GOLD.—Result crushing cleaned up on iSth inst. was 480 tons yielded 219 oz. 3 dwt. I gr. of gold, being an average of 9 dwt. Four months 4262,510 £260,960 + £1,550 3 gr. per ton of ore. Balance forward ..Jan. £12,751 £6,575 + £6,176 MYSORE GOLD (May 7). - Assay of samples from the mill: Old mill, Feb. Dr. 1,408 Dr. 8,714 7,306 April 23, ? oz. 3 dwt. 2 gr. ; new mill, April 23, 2 oz. 7 dwt. ; old Mar. Cr. 2,477 3,486 mill, April 29, 2 oz. S dwt. 4 gr. ; new mill, April 29, 2'02. 5 dwts. April Cr.46,557 Cr. 23,085 NINE REEFS (May 6). -Assays show : 9 oz. 6 dwt. ; 2 oz. 13 dwt. ; 23,472 I oz. 3 dwi. ; others from 1 to 8 dwt. Canadian Pacific.-The statement of earnings and expenses for NUNDY DROOG (May 7). ---Assay of weekly samples from the January, February, March, and April compare as under : mill: Rough quartz, 2 oz. i dwt. 8 gr. Smalls, 1 oz. u dwt. 12 gr. Gross Receipts. Working Expenses, OURAY GOLD.-A telegram states: “Work being pushed on as fast 1889. 1889. 1983. as possible. Large amount of ore upon dump. Ore in sight inside January .. $391,000 $898,000 $779,000 $747,000 $22,000 $151,000 mine, ready for extraction. Estimate, £45,000. You can rely upon February .. 838,000 844,000 693,000 mine being of great value. 151,OCO March OURO PRETO GOLD.-Gold obtained in March realised £4,084. 969,000 800,000 765,000 169,000 364,000 April PAHANG-KABANG.–The local director of the Pahang Corporation 1,137,000 785,000 writes: “The new company starts there under most favourable auspices 4 months... $3,642,000 $4,008,000 $3,155,000 $2,938,000 $487,000 $1.663,000 a great deal of preparatory work having been done in nine months. For the month of April the increase in gross earnings was $103,000, Regarding Kabang I have to announce ihe discovery by me of another and the decrease in working expenses $52,000, making an increase of new lode 17 feet wide, very rich, with a back over the stream of 700 $155, oco in net profits. For the four months the gross receipts increased feet, and near Smythe's lode. I recently visited Kabang, and from by $366,000, and the net profits by $582,000. all I learn on every visit, I think this is the richest portion of our Western and Brazilian Telegraph, week ending May 24, £3,813; property: Not only are the lodes there large and rich, but the road to Brazilian Submarine, £5,323. be shortly cut out of the slope of the hill will expose many which have been hitherto concealed. Unless a company had a very large working capital, there is enough ground at Kabang for four companies." BROKERS' CIRCULARS.-GLASGOW.- Messrs. James Watson and Smith PITTSBURG CONSOLIDATED GOLD (Nay 26).-Seven days four report : In Mineral-Oil Companies the changes were a decline of } on Brox- mills crushed 350 tons, yielding, $4,610. burn Oil at 4, 18, with a rise of is. on Burntisland Oil at 935., and of son POTOSI.—Under date of May 2, Mr. Pryor w rites that in “No. 2 West-Lothian Oil at £9) per share. There was a decline of Å on Nobel. New Lode the quartz is improving in value, and, upon taking down Dynamite Trust Warrants at 1.12 1-16, while former price was realised on some of the lode, we found it looked very well indeed, showing coarse Distillers Company at £15 per share. NEWCASTLE ON TYVE. -Messrs. J. S. Challoner and Son, of Dean gold. In Potosi Viejo the shaft continues to be fully 3% feet wide, Street, report : The market for Iron and Steel Companies Shares continues showing free gold throughout, and more healthy looking lode than is dull and neglected. Armstrong-Mitchell Stock is 192 per cent., and John Socorro Lode is opening up very satisfactorily, and the indications are now presented in the bottom of this shaft cannot be desired. The Brown 1% per share lower. John Abbot have, however, risen i per share. George Angus Ordinary are dull at 11% to 11%; but the Five per Cent. that better results will be forthcoming in depth. A winze is being Preference are inquired for at 10d ; and 4 per cent. Debenture at for ; Gas sunk below No. 2 level south of shaft in a lode 22 feet wide, with the Stocks dull. quartz showing gold freely." Page 20
the said agreement.” The clause was approved and added to the bill. I believe all that is now changed for the better, and that henceforth we Another clause, saving free competition to and from the ports of Cardiff, shall have no trouble in this respect, for I am sure the Government Newpor., Penarth, and Barry, submitted for consideration, provided must see the wisdom of settling such accounts as ours promptly when that “ It shall not be in the power of the Joint Committee to niake any they are small, and thus preventing accumulations which become more arrangements or to do any act or thing by which free competition to difficult to deal with as they increase. I will just explain how the and from the ports or docks of Cardiff, Newport, Fenarth, and Barry, settlement of the debt, whichamounted, as I saidbelore, to £37,198 155. 10c., or any of them, may or shall be in any way interfered with or has been made. £28,683 ios. 7d. of that amount has been settled by obstructed.” This clause was also agreed to and added to the bill, and the delivery of the Cuotas de Amortizacion bonds which are referred other clauses having been adjusted, the bill was ordered to be reported to in the report. I shall no doubt be asked if we have taken these to the Ilouse. bonds at par or at what figure, so I will at once answer that question by anticipation, and say that the cost to us comes out to about 55% per cent., MEETINGS OF SHAREHOLDERS. so you will see there is a good margin for us to realise at a satisfactory figure. I should mention that the of amortisation is 6 per cent. per annum carried out monthly by MONTE VIDEO GAS COMPANY. tender, the total of the whole issue not 'to exceed $2,000,000. The balance of the amounts due The 17th ordinary general meeting of shareholders in this company at the end of the year-namely, was held on Friday, May 31, 1889, at Winchester House, Old Broad £8,515 55. 3d.-as well as that due up to the end of March this year, Street, E.C. Mr. A. K. MACKINNON in the chair.-The SecrETARY has been received since the report was issued to the shareholders, and (Mr. Thomas F. Lane, read the notice convening the meeting. the an:ount is, we hear by telegram, now on the way to England. It The CHAIRMAN: You have been good enough to take the report as must be stated, to the credit of the Government of Generel Tajes, that read, and I think it will show you that the business of last year was of has been settled-a debt contracted to a great extent, be it stated, the long-standing claim of the company, dating from the year 1883, a satisfactory character. I shall go at some length into details, because during the former administration, and not only has this been this is the first whole year in which the company has had to face the full wiped off, but the monthly bills to the end of March have been paid. effect of the reduction in price of gas to private consumers which we decided on early in the year 1887. The comparison I shall now make The Government has disposed that in future the Municipality is to pay will, therefore, be with ihe year 1886, which was the last complete year us the full amount of the public lighting, and as this Corporation has at the old prices. In 1886 we earned from private consumers £54,519. sented a petition before leaving praying that the amount for the gas now a large income, they will have no difficulty in doing so. I preThe reduced price on the amount of gas sold to private consumers, consumed by the different Government if the consumption in 1888 had been only the same as it was in included in the monthly estimates of each department, and the departments should be 1886, would have resulted in our being out of pocket to the net amount of £10,904. In 1888, however, we supplied to private consumers gas principle tiis has been accepted by the Minister of Finance, and no amounts so indicated be retained by the Treasury and paid to us. In at the reduced price to the value of £54,757, or in quantity of gas doubt will be carried out shortly. These two arrangements will prevent upwards of 13 millions cubic feet more than in 1886; so that you will in the future the accumulation of indebtedness as heretofore, with the see that the amount ol extra gas supplied has made up the revenue to what it was in 1886, and this we consider a very satisfactory result subsequent delays, and, in many cases, losses to the company., A for the first full year of working at the reduced price, for we believe more healthy state of affairs now exists at Monte Video. We have taken that supplying a cheap light at a low rate is the surest road the into confidence, with the happy result of considerable increase in to the permanent stability of a gas company. There are other The greatly increased prosperity of the country as well as the increased consumption. items to take into consideration ; for example, we have had to use more coal, expend more in labour, and all accompanying outgoings have population--the city of Monte Video and suburbs now numbering, necessarily been greater, in addition to which freights have been con according to a late calculation, about 203,000 inhabitants--has, no siderably higher, but I trust they have now reached their limit, and yet tion, 'I considered it prudent to effect the purchase of land doubt, come to our aid. Owing to the rapidly increased consumpthe balance of revenue accuunts enables us to pay a dividend of 6 per which cent. for the year, to write off certain amounts from capital and we badly needed for the uses of the company, and expenditure accounts, to place £5,000 to reserve accounts and £1,000 land-which has during the last year and a-half greatly risen in value we have now sufficient for our requirements. At the present value of to insurance account, and to carry forward a balance of about £2,000. The percentage of increase in private consumption of These our purchases are worth 15 to 20 per cent. more than we gave. 1888 over 1887 was 17.04 per cent. ; over 1886 it was 25.3 por cent. facts will satisfy the shareholders on the value of these investments, and You will naturally ask me whether I think that percentage of increase augur favourably for the still greater prosperity of the company is likely to continue, and I unhesitatingly answer that I think it is. in the future. (Applause.) The chairman concluded by proposing : For example, the first three months of the present year 1889 show an “That the report and accounts now read be received and adopted.' increase of no less than 43. I per cent. over the corresponding months Mr. Robert Morton seconded the resolution, and referring to the of the previous year 1888, and although you can hardly expect us to large increase in gas consumed, said the highest daily consumption in prophesy it will continue at this rate throughout the year, yet think 162 per cent increase. This was nearly double their gasholder the year 1886 was 366,000 cubic feet, and in 1988 427,000, being over we are justified in expecting a very considerable increase. I here mention, perhaps, that the number of private consun.ers capaciiy, and had led to the ordering of another gasholder. In 1888 taking gas the end of last two additional miles of main had been laid, and 17 miles more were on year than per in of the the way. That would be an increase of 25 per cent. on the mileage number the end of the previous y ar, and this, I venture to think, is also very replaced by larger ones, and the pressure was now fairly satisfactory for mains. Some of the smaller mains have had to be taken up and satisfactory. Of course, to supply all these wants the company must be throughout.- Mr. MATTHEWS said ready, and we have already had to enlarge and extend our mains, and everything seemed rüsy much more must be done in that direction in order to meet satisfactorily and bright, but he thought the company too heavily the increasing demands which are being made upon us. CHAIRMAN, in capitalised. — The reply questions, said We have also he had submitted the basis for a new concession to the Government, ordered a new gasholder, which will about double our existing storage and he had great hopes that before long an arrangement would be power. You will observe from the report that the concession for public lighting has yet been received, and I am unable come to, favourable to the company, the Government and the con. say when it will be, although I think may reasonably sumer. –The resolution was put and carried unanimously.—The CHAIR hops that satisfactory arrangement will be arrived MAN then moved the declaration of a dividend of 128. per share, free ere long. Our concession for public lighting expired rather more than of income-tax, for the half-year ending December 31, 1888, making, two years ago, but, as the report tells you, we with the interim dividend previously paid, 6 per cent. for the year. are still regularly Mr. 1. C. TATHAM seconded the resolution, which was agreed to.continuing the public lighting as before. The Electric Light Com. pany, of which you have heard before, it seems, obtained a conditiona! / The retiring directors, Messrs. Simpson, Rostron, and William O. Dodgson, were unanimously re-elected concession for the public lighting by electricity in the year 1887, on the motion of the seconded CHAIRMAN, condition Mr. that it carried by TATHAM. --The the street lighting for eleven months. That period elapsed, and nothing was done by the auditors, Messrs. Price, Waterhouse and Co., and Mr. Edward Electric Company, but the term was extended for a further period of Cheshire, were unanimously re-elected. --Mr. TATHAM, in proposing a nine months. The Electric Company failed again to comply with its vote of thanks to the officers of the company, said that obligations, but the period was again recently extended for a further the engineer they appointed was an able man in his profession, and he term of five and a half months. Against this concession and also had conscientiously carried out his duties. The services of the secretary against the extensions of time for completing the same, we have formally interest in the company's affairs, and he (Mr. Tatham) never knew a were well-known to them all. He took the very greatest pains and entered our protest to the Government as a violation of article 31 of our contract with the authorities, which gives us the preference on equal their secretary. (Applause.) The services of the directors, which the man who could answer a question from his finger ends so readily as terms over any other person or persons offering to undertake the public shareholders seemed to appreciate, could not be carried out without lighting. I am not in a position to say, nor is anyone with certainty, the able assistance and energy of those gentlemen who worked in the how far the electric light in any town will do away with the necessity various offices of the company. (Applause.) - Mr. BARTON seconded for gas, but my own belief is, and I think our experience of the last five years or so supports that view, that it is not yet possible to carry proposed a vote of thanks to the chairman for the able manner in the resolution, which was carried by acclamation.—Mr. MATTHEWS out the street lighting of a town by electricity in a persectly satisfactory, which he had conducted the business of the meeting, and to his coreliable, and economical manner. Now, gentlemen, we come to the question of the Government and municipal indebtedness, which you directors for the able manner in which they had carried on the busi. will see by the accounts amounted on December 31 last to ness. (Applause.)-The CHAIRMAN acknowledged the compliment, £37,198 155. rod., but I am very glad to be able to announce to you to. and the meeting separated. day that the whole of this amount has now been liquidated, and, further than that the accounts for the first three months of this year--namely, DOOARS TEA COMPANY. up to March last-have also been settled, so that I may say that all the The ordinary general meeting of the shareholders in this company Government and municipal accounts are paid practically up to date. was held on Thursday, May 30, 1889, at Wirchester House, Old Broad Now, I am sure you will agree with me that this is very satisfactory, more Street, E.C., the Hon. Sir E. DRUMMOND, K.C.I.E., the chairman of particularly when it is remembered the difficulties we have had to contend the company, presiding. — The SecretARY (Mr. F. C. Cocking) read with, and the drawbacks we have had to undergo in the past owing to the, the notice convening the meeting: I may say, almost constant heavy indebtedness of the authorities to us. The CHAIRMAN : Gentlemen, it gives me and my co-directors muc Page 21
e 195,708 1,296,572 1,534,259 3,031,390 93.554 9,657 h 8,597 1,535,728 791,578 436,907 60, 278 4,076,186 1,089,031 702,505 89,865 42,053 3,051,195 21,417 271,820 150,910 2,403,112 180.50! 272,212 9,293 720,239 77.357 54,070 371,355 17,984
26 Brecon and Merthyr ....... 61 61 4298 409 41,446 61.532 61,744 - 6197 629 632 21 26 Cambrian 237 237 2,177 2,978 1,917 1.727 4,124 581 17 19 20 25 Cockermth. Keswick & Pen. 226 628 581 158 808 + 26 34| 21 26 Cornwall. 65% 654 1,7141 1,939 1,595 1,474 3,309 104 50 52 21 Cornwall Minerals ... Apr. 462 463 311 266 2,652 2,341 2,963 + 350 4M 26 Pastern and Midlands 114 114 402 1,079 838 1,481 22 13 14 21 East London Feb. 1511-16 511-16 2,910j 2,940 294 267 3,204 2 26 Furness 130 139 1,671 3,14' 7,824 5,753 9.495+ 601 26 Great Eastern 94834040 35,163) 44,0581 30,032 25,633 65,195 4,546 69 741 21 26 Great Northern 977 30,624 40,420 41,638 29,668 72,262 + 2,174 74 73) 21 26 Great Western 2460122457 12 71,960, 90,470 83,490 64.700 157,450 + 2,280 64, 631 21 26 Hull and Barnsley'. 4,058 + 559 61 53) 21 25 Isle of Wight ...... 12 12 451 670 106 66 5571 179) 46 61 21 Ditto Central... 2134 2134 206 19 26 Lancashire and Yorkshire... 511 500% 28,412 69,664 47,559 38,2811 75,96- 31,983 148 219 21 25 London and Brighton 476 467 28,435 37,638 10,457 9, 169 38,892 8,215 82 101 20 20 Lon., Chatham, and Driver 1802 180 19,854 22,265 4,810 3,803 24,561 1,407) 137 145) 21 26 Lon., Tilhury, & Southend 68 61 2,563 4,324 862 3,4361 1,750 51 85) 21 26 London and North-Western :875'4 187334 80,745 107,148 119,350 87,078 200,095 + 5,869 107 104 21 26 London and South-Western 3654 865 37,061 46,359 18,339 16,277 55,400 7,2361 64 73 21 26 Marchester and Sheffield..., 287, 2872 8.746 17,517 33,142 22,477 41,838 + 1,894) 146 139 21 26 Share of Cheshire Lines 4,665 1,439 20 26 Maryport and Carlisle 414 4114 533 1.606 1,355 2,139 + 160 52 48) 21 26 Midland 1296% 1284743,400 67,690 97,639 55,970 141,030 + 7,370 101 107 21 26 Mersey 3/4 34 955 264) 322 391) 21 26 Metropolitan 27 27 13.053 534) 483 499 21 26 Ditto District 13 13 5,730 808 517 586 21 25 Vorth-Eastern 1578 157772 21,301 46,059 91,532 85,612 122,833 8,838 78 84 21 20 Vorth London 5,599 6,613) 2,873 2.280 8,472 4211 706 74+) 21 26 Torih Staffordshire 312 312 3,545 4,814 9,245 12,791 638 41 43 21 | 25 Petr hroke and Tenby 27 27 310 357 184 500 69 18 21 20 25 nuth-Eastern 418 26,666 34,185 11.36; 9,854) 35,029 6,01091 1021 25 Phymney 1/ 1534 4574 3,953 + 513 86 75) 21 Somerset and Dorsel. Mar. 91 91 3,487 3,475 7,338 7,648 10,825 298 3M 25 Tat Vale and Penarth 110 III 18,433 + 3,439 366 140 21 18 Wrexham Mold 18 18 68 66 912 719 980+ 54 43) 20 25 West Lancashire 367 828 23 74 26 Caleuonial. ..... 784 7821222,654 22,090 39.555 37,121 62,209 + 2,990 79 75] 17 25-lasgow and South-Western 347 34 34734 11,157 11,041 12,757 12:534 23,914 + 339 69 631 17 25 (reat North of Scotland 31522 31572 2,855 23,175 3,807 a 4 150 6.722 554 21 23) 16 20Highland 42572 4252 4,175 a 1,409 3.296 3,450 7,471 388 18 19 12 26 North British 102634 102634_23,979 a 22,528 37,2,04 33 400 61,214 + 2,556 60 55) 17 24 bellast anc County Doww... 1,519 1,411 364 1,8831+ 54 23 27] 21 24 Helfast & Northern Counties 156 156 2,112 2,033 1,784) 3,910 + 25' 24) 21 25 Cork and Bandon 85 85 595 623) 852 662) 1,447 + 162 17 151 21 24 Cork, Blackrock, & Passage 6%2 345 14 58 55) 21 24 Lublin, Wicklow, and Wex. 143 143 3.830 1,320 27 371 21 24 Great Northern of Ireland 187 487 6,825 7,488 5,836 12,602 590 26 IC: 106 217 + 21 9 8] 3 24 Midland Great Western 432 i 432 4.340 5,257 4.731 9 285 + 21 24 24 Waterford and Central Ire. 242 400 391 642 + 1918 24 Waterford and Dungarvan... 43 43 167 147 30 7 71 21 24 Watertord and Limerick 280 280 2,337 68 9 251 21
+ 10,013 + 26,035 + 60,089 + 99,330 + 12,601 375 43 + 27,051 + 34,907 + 15,477 577 +155505 + 29, 392 + 38,707 + 5,656 + 1.265 +138141 + 1,584 + 9,693 + 2,657 | +146419 341 + 7,959 + 165 + 14,262 + 4,534 525 + 25,312 + 2,877
INDIAN, COLONIAL, and MILES. RECEIPTS. Pr. MI. AGGREGATE. NOTES TO TRAFFIOS FOREIGN RAILWAYS. 1889 1888. 18t9. In.or Dec. 1889., 1888 Wk. 1889. In, or Dec N.B,-The 1833 Returns (Assam Railways ........ Rs. include tha second po tion 78 78 39,200 + 5,471 17 146,286 + 14,357 of the Whitsuntido HoliBombay and Baroda 461 461 28,875 + 387 63 62 21 582,618 + 21,833) day Traffic. Ditto Rajputana 1,664 1,664 44,642 + 8,025 27 22 21 846,4811 + 91,210 Bengal Central Rs. 125 British 125 85 14,990 + 4,33 120 17 225,6341+ 18,975 Published receipts, not adjusted 17 714,250 – 36,501 6 Great Eastern – Includig East Indian 151344 151334 87,083 + 2,475) 56 56 21 1,777,430 – 70,078] share of receipts of 1168 miles joini Great Indian Peninsula 144634 150374 77,513 - 33,337 54 74 21 1,739,711 - 115109 c Great NORTHERN-1057 re H. Il. the Nizam's State...... 354 277 17 74,562 + 18,128 ceipts adjusted to the actual tigures ioint traffic included in both Indian Midland .Rs. 575 136 70,760 + 54,581125 119 21 1,238,851 +942160 Works 173 against 173 miles foreign Macras 840 16,1361 + 731 19 18 16 240,347 + 3,359 lines, and owns 155 against 150 join. Rohilkund and Kumaon 55 55 8,025! 1,221|145 168 17 106,424 + 9,422 d District-Éxcludes City Line and Extensions traffic. South Indian 654 654 10,4271+ 1,240 6 14 15 142,570 + 6,749) e Furness - 20 weeks 6 days 1389 Southern Mahratta Rs. 85634 90,141 + 6,641 105 98 17 1,289,907 + 157280 21 weeks 1 day, 1838. Mysore State Rs. 219 110 13,228 + 3,474 60 72 17 196,389 + 27,961 RHYMNEY Main line and W. of India Portuguese ...Rs. 51 51 24,958 + 8,207 409 327 17 182,117 + 33,470 branches, 34 miles 47 chains. Joint Lines, 11 miles 15 chairs. & Belfast & N. COUNTIES. Grand Trunk....... 3479 341972 a 76,491 + 2,979 22 1,471,257 +117905 20 weeks 4 days, against 23 weeks Chicago and Grand Trunk 335 335 13,184 + 773 39 37 21 207,240 + 7,045) days Det vil and Milwaukee h Isle of Wight CENTRAL.189 1891 3,613 115 19 20 21 77,036 5,588 20 weeks 5 days against or weeks. Canadian Pacific $ 4,795 4,476|6232,000 + 40,01 48 | 43 20 4,687,000 + 410000 i MIDLAND GREAT WESTERN Meath and Kingscourt Railways Mexican 293 293 346,100 + 25,900 included in both years. Lombard .Fr. 2,178 2,1782021,661 +272187 928 803 19 34,642,412 +2233566 Foreign and Colonial – Bilbao.... 8,646 1,603 37,371 1,445 a GRAND I'RUNK.-Deduct cart. West Flanders 102 102 1,7801 + 78 age, &c., 18:9 estimated, 61,800, Dutch Rhenish against 61,900 22,531 3,1 65 Canadian Pacific, -Mileage Onuman.... 224 17574 994 19 18 83,220 + 33,213 and earnings South-Eastern noc included Nas-jo-Oscar 1,503 420 23,753 0,373 c BENGAI, AND N.-WESTERN. Piraeus, Athens Dr. 205,9611 + 11,299 Fair at Ajodhya Smyrna and Cassaba... 108 108 1,55? 22 9 40,186 + 5,652 d MEXICAN.–30 weeks 5 day Swedish Central... 6078 6078 • 2,797 + 614 7,196) + Mersiya Tarsus 120 95 ARGENTINE & SOUTH AMERICAN Royal Swedish 3,768 + 1,127 Page 22
mediatestations to Broad Clyst, inclusive, ai sensi SOUTH-EASTERN RAILWAY.
For full particulars of the EXTENSION of all RETURN TICKETS and times of Return Excursion 'Trains, &c., see Handbills and Time Books for June. Cheap Excursions will run from Waterloo as under : On SATURDAY, June 8, to PLYMOUTH, DEVONPORT, EXETER, EXMOUTH, TAVISTOCK, Launceston, Okehampton, Bude, Barnstaple, Ilfracombe, Bideford, Temple. combe, the Somerset and Dorset line, at 8. 10 a.m. TO ANDOVER, MARLBOROUGH, SWIN. DON, , and all , at 8.45 a.m., returning following Monday week or Monday fortnight only. From certain Stations passengers may return on the Monday following date of issue. To WEYMOUTH, DORCHESTER, Ly. mington (for Freshwater), YARMOUTH, BOURNEMOUTH, Poole, Wimborne, Wareham, Corfe Castle, Swanage, &c., at i p.m., returning on the following Monday week or Monday fortnight only. EVERY SATURDAY FOUR DAY EXCURSION BY IMPROVED SERVICE VIA DIRECT LINE to PORTSMOUTH, MID. HURST, HAVANT, and the ISLE OF WIGHT, at 3.25 p.m. FOUR DAY EXCURSION to SOUTH. AMPTON (for Cowes and Newport), Gosport, Salisbury, &c., at 1.15, returning on the following Tuesday only. DAY TRIPS EVERY SUNDAY. To SOUTHAMPTON (West), LYND. HURST ROAD and BROCKENHURST (for the New Forest), and BOURNEMOUTH at 9 30 a.m. PORTSMOUTH, RYDE, MIDHURST, and HAVANT at 8.45. ALDERSHOT CAMP for 3s., and FARN. HAM for 35. 6d., at 9.5 a.m. HANDBILLS, EXCURSION and TOUR. IST PROGRAMMES can be obtained at any of the Company's offices, or by post from the Office of the Traffic Superintendent, Waterloo. CHAS, SCOTTER, General Manager.
WHITSUNTIDE HOLIDAYS. UEEN INSURANCE COM. OUTH-EASTERN RAILWAY. PANY. Head Office of the Company For full particu'ars of EXTENSION OF QUEEN INSURANCE BUILDING), 10, TIME of Ordinary Return Tickets for distances DALE STREET, LIVERPOOL. over Ten and under Fifty miles, the Cheap London Office :- Return Tickets issued on week days between QUEEN INSURANCE BUILDINGS, 60, London and Sandling Junction, Hythe, Sand. GRACECHURCH STREET. gate Shorncliffe, Folkstone, Dover, Ramsgate, Margate, New Romney, and Sheerness, and the Directors. CHEAP SATURDAY to MONDAY Return Chairman – Thomas Hughes Jackson, Esq.. Tickets to the Sea Side issued on June 8. See J.P., Merchant (G. H. Fletcher and Co.), Bills. Liverpool. Deputy-Chairman-Henry H. Hornby, Esq.. WHIT SUNDAY AND MONDAY, J.P., Cotton Broker (Hornby, Hemelryk and CHEAP TRIPS to the Seaside, &c. Co.), Liverpool. William Watson, Esq.. Merchant (Watson and Co.), Live pool. RAILWAY. John Bingham, Esq.. J P., Merchant (J. Bing. ham and Co.), Liverpool. AT SPECIALLY REDUCED FARES. B. Vincent Hall, Esq., Merchant (Bernard Hall and Co.), Liverpool. From London and New Cross to Tunbridge Charlton R. Hall, Esq., Tan-y-Bryn, and Liver. Wells, St. Leonards, Hastings. Canterbury, pool. Ramnsgate, Margate, Deal. Walmer, Ashford, Herbert W. Hind, Esq., Merchant (J. H. Hind Sandling Junction, Hythe, Sandgate, Shorncliffe and Co.). Liverpool. Folkestone, Dover, &c. Fares there and back, Thomas Holder, Esq., J.P., Cotton Broker 3rd class :- (Chambres, Holder, and Co.), Liverpool. WHIT-SUNDAY. WHIT-MONDAY. Peter M’Lagan, Fsq., M.P., of Mid Calder, ToAshford and Tun- To Ashford ... ... ... 3/6 N.B., and London. bridge Wells 3! | To Tun. Wells Thomas M. Patterson, Esg, Mossley Hill, and To other Stations. 4. To other Stations 5/5 Liverpool. Children under Twelve Half Fares. Cheap John Rankin, Esq., Merchant (Rankin, Gilmour, Tickets from Country Stations to Sea-side and and Co.), Liverpool. other Stations. Fletcher Rogers, Esq., Cotton Broker (Rogers SPECIAL TRAINS for HAYES, BLACK- and Calder), Liverpool. HEATH, GREENWICH, GRAVESEND (for Joseph Thompson, Esq., J P., Wilmslow, Man. ROSHERVILLE GARDENS), &c. chester. Various Important Special alterations and ar- John H. Todd, Esq., Merchant (Tod, Durant, rangements. Extra Trains 1, 2 and 3 Class. and Co.), London. MYLES FENTON, General Manager. Edwin Whitworth. Esq., Merchant, Liverpool. General Manager-J. K. Rumford. RAILWAY COM. Sub-llanager-Thos. J. Davidson. PANY. THIRTY-FIRST ANNUAL REPORT. Notice is Hereby Given that the Thirty Tne Report and Accounts for the year 1883 presented to the Shareholders at the Annual Seventh Annual General Meeting of the Madras Railway Company will be held at the City Meeting, on Thursday, May 9, 1899, showed in the Terminus Hotel, Cannon Street, London, E.C., FIRE BRANCH. on Wednesday, the 19th day of June next, at 12 o'clock noon precisely, in conformity with the That the premiums for 1883, after deducting terms of the Compary's Deed of Settlement. Re-insurances, amounted to £587,350, as comAnd Notice is Hereby Further Given that the pared with £598,785, and the losses paid and Transfer Books of the Company will be Closed outstanding wer? £363,458, or 61.81 per cent., from Monday, the 3rd day of June to Saturday, as comp.ired with 2393,537, or 65.72 per cent. the 29th day of June next (boih days inclusive), of the previous year. In the LIFE BRANCH. for the above purpose, and for making up the interest accounts to the 30th proximo. That New Policies had been issued for The Interest Warrants will be forwarded to the £205.966, yielding in Premium £7,723, and that Proprietors whose names are registered on the the total net premium income waó 485.369. That 3rd proximo in the Books of the Company. the payments to policy.ho ders were 648,193, and that the Life Fund was increased by 648,367. Deeds of Transfer are not received at the Offices of the Company while the Books are That the Quinquennial valuation just com. closed. pleted had been made on the strictist principles By order of the Board, and was of the most searching character, nothing JULIAN BYRNE, Secretary. in the shape of future profit b ing anticipated. Tvat the Reversionary Bonus to participants Company's Offices amounted to one pound five shillings per cent., 61, New Broad Street, London, E.C.. Mav 22, 1980, per annum on the sum assured, for each entire year since the last division. The Balance at Credit of Profit and Loss was INDIA shown to amount io 6195,687 11s. 9d., and was disposed of as follows: diNotice is Hereby Given that the Sixty-Seventh £30,007 oo For Dividend, and Bonus Hull. Yearly General Meeting of the Bombay ... Added to Reserve Funds. 40,184 17 11 Baroda and Central India Railway Company L120,495 13 10 Carried Forward. The FUNDS. will be held at the City Terminus Hotel, Cannon Were shown thereafter to stand as follows: Street, E C., on Friday, June 21, at one o'clock precisely, to receive the Directors' Report and Capital Paid-up £180,035 OO Accounts, to decl re a dividend, and to transact Life and Annuity Funds 650,554 13 6 Reserves the general business of the Company. 550,493 13 10 TOTAL FUNDS IN HAND. The Transfer Books will be Closed from the 41,491,610 The Auditors keport; dated May 1, 1889, 17th to the 29th June inclusive, and transfers will stated :not be received at the Office while the books are “We have examined the Books of the Queen closed. The Dividend Warrants will be forwarded on Insurance Company, with the Vouchers and Securities, including the Ceruficates sent home the 4th day of July to the proprietors who are from the American and Australien Branches for registered in the Company's Books on the 15th their investments. We have also examined the day of June. audited balance sheets of the Foreign Branches, By order, T. W. WOOD, Secretary. and we certify that the combined Balance Sheet exhibits a full and accurate view of the Company's Offices, 45, Finsbury Circus, position on December 31, 1883, as shown by the London, E.C., May 21, 1889. Books." HARMOOD BANNER AND SON, HIO AND MISSISSIPPI PRE Chartered Accountants. FERRED SHARES. The Company has paid in satisfaction of claims £6.086,613 The English Association of American Bond Acuve and Influential Agents Wanted. and Shareholders, as Agents for the Comıniniec of Onio and Mississippi Preferred Shareholders, Second Edition. Now ready. notily that a meeting of the Preferred Share. holders will be held at ibe ottie is 'n ihe Associa. PRICE SIX PENCE, lion, 5, Great Winchester Sire:1. London, E.C., at noon on Friday, June 14, 1389. to take into OF THE ROYAL COMMISSION ON consideration a proposed arrangement recom- IRISH PUBLIC WORKS (RAILWAYS). mended by the Committee in reference to the being a reprint of articles in the RAILWAY NEWS settlement of accumulated dividends and the conversion of the Preferred Shares. Copies may be obtained on application to the THOMAS LINDLEY, Secretary. Publisher of RAILWAY News,, 3, Whitefriars May 31, 1889, Street, London, E.C.
TOURIST, FORTNIGHTLY, and FRIDAY or SATURDAY to TUESDAY TICKETS at REDUCED FARES are issued by all Trains to YARMOUTH, Lowestoft, Clacton - on · Sea, Walton-on-Naze, Dovercourt, Harwich, Felix. stowe Aldeburgh, Southwold, Hunstanton, and CROMER. (HEAP DAY TRIPS TO THE SEA-SIDE. -To CLACTON-on. SEA, WALTON - onNAZE, and HARWICH, DAILY from LIVER. POOL STREET. On Sundays at 9.10 a.m., on Mondays at 8.20 a.m., calling at Stratford, and on other days FARES
WHIT-SUNDAY and MONDAY": Second BOMBAY BARODA & CENTRAL
Class, ; , BROXBOURNE and KYE HOUSE. Excursion Tickets are issued DAILY from LIVERPOOL STREET, Bishopsgate, Bethnal Green, Hackney Downs, Strattord, &c. Fares : First-Class, 3s. ; Second-Class, is. 91. ; Third. Class, Is. 6d. On WHIT-MONDAY additional Trains will be run. WILLIAM BIRT, General Manager. London, May, 1889.
The Directors have decided to make the fcllowing offers t the holders of the above Bonds, which mature and are redeemable at par on DC. I, 1890, viz. :1. To redeem the Bonds by the payment of 6103 in cash for each 4100 Bond. 2. To is-ue in exchange for each 4.100 Bond 418 vf Perpetual Four per Cent. Con. sulidited Debenture Stock. carrying intriest payable, as regards the first quurler, on July 14 next. These off-rs will hold good until Thursday, June 20, 1889, Full information and forms to enable holders to accept either of the above offers can be obtained on application to the Secretary of the Grand Trunk Railway Company, Dashwood House, No.9. New Broad Street, London, E.C. London, June 1, 1889. Page 23
the whole length, has made considerable advance during the past quarter first of all, to our traffic and our working expenses, secondly in regard of the present year. Without describing the exact position we have to the improvement of our undertaking, and, thirdly, in regard to the reached, I may say that our resident engineer expects that the greater special and unfortunate feature of our enterprise-the occurrence of land. part of this section, some 45 kiloms., will be ready to open for slips. With regard to our traffic, we had about £5,000 more of traffic by the end of the current year. positively to this statement made by our engineer. Accidents may traffic in 1888 than we had in 1887, and there is altogether a kind of happen, and there is no reason for hurrying on the opening of any porliveliness, not of a salient kind, but still very perceptible in the affairs tion of the line till it is ready for working. All who are connected of Venezuela. As we point out in the report, there has been one railwith the country express the utmost satisfaction with the activity dis. I way, more or less connected with our own, opened, and many have played, and the greatest confidence that our traffic, both in passengers course, we are not to expect that every one of those lires is to do our been projected and some begun in other parts of the country. Of and goods, will quite come up to our expectations. Consul anticipates the undoubted advantage which will accrue to the line any direct good, but, considering we go to the capital of the trade of his country by the opening of our line. The intercourse country, the general improvement of the country must, I presume, tell betweeen Manila and the United States is very considerable, the total upon the commerce and prosperity of the capital itself. This of the exports being over two millions sterling, and Nir. Webb year still fortunate than were, for We foresees a very rapid increase of business with American firms. considerable increase in the traffic in the first four The British Consul says, “the railway to Dagupan has months of 1889 as compared with 1888. We have got something been taken in hand with energy, and the work has been proceeding like £3,000 a month, which is a very fine increase, and we ought to be satisfactorily during the year.” We have every reason to be satisfied very pleaserl with it. Let us then say ihat we have got an increasing with the way in which the work is progressing. It has advanced quite traffic, and that the country is a litile more alive. Let us say that as quickly as could have been expected. The agent and engineers of railways have been projected and some have been begun, and what the contractors have done their very best, and I desire, on the part of more immediately concerns us is that there bas been really a beginning the board, very cordially to acknowledge the assistance given to our of the harbour under the new company, and that will, no doubt, be a engineer and representative by the Public Works officers of ihe Govern source of great activity at the port of La Guaira. They have got a ment-by the chief of the department especially. They evidently regard small basin, into which they can land by lighters goods which come the railway as a national public work, and lake great interest in its from the seagoing vessels, and into which coasting vessels can had progress. All classes, civil and ecclesiastical, have shown much consider admitiance; and they are running out a breakwater at the end of ation, and great credit is due to Mr. Bertodano for the harmonious rela. which large ocean going s'eamers will be able to find accommodation tions he has managed to maintain with the authorities of the island. to land their goods. Therefore, I think, it may safely be said they are Working in a distant colony, it is of the greatest consequence that our doing something. All that, I think, points in our favour, to an agent should be on the best of terms with all in authority, and that is increase in our traffic, and to the maintenance of a steady and con. err.phatically the case as far as we have gone. It has been well said tinuous business. When, however, we speak of countries like thai bad Columbus made his famous vovages under the flag of England Venezuela, we ought never to be too much carried away. There is no instead of Spain, the history of modern Europe would have been wholly such thing as a great burst of prosperity which is going to be maindifterent. Similarly, it may be sail that had Magellan, who was a tained for ever. Let us not expect too much. If we go on increasing Portuguese, been in the serv ce of England instead of pain, when gradually and bold our own, I think we shall do very well. looking thirty years later than Columbus, he discovered the Philip at the items of traffic, the first thing to observe is that there is no inpines, the condition of these islands inight have been different from railway materials. Of course, railway materials give us money for the crease in passengers, but that we carried more maize and flour, and more what it is. Our system of colonisation and government differ con: siderably, but who would undertake to say that, under British rule, the time and they help the enterprise, but then they are a temporary source commerce of Manila would certainly have been greater or its industries of revenue. Then again the increase in maize and flour, which are the more flourishing than they are at present. No nation has been more enter food of the humblest part of the population of Ver.ezuela, may mean that prising than Spain, as is shown by her early acquisitions in all quarters of the people are getting better fed or, perhaps, that their own little crops the world, but in none of them is progress more evident, trade more pros: may have failed and that they have to import from abroad. Then, again, perous, and management more successful than in these distant islands of though it is quite true that we have got a great increase of traffic this the Pacific. To the liberality of the Government of Madrid we owe the year over last it must be remembered we did not run at all in January. concession for the first railway in these parts, and it will prove, we The line Llocked and the cart road opered, confidently hope, a solid and profitable operation for all concerned. and a good deal of traffic passed along that The chairman then moved the adoption of the report. That road is shut up now, because the line is in good order agur. country, he could say that in his opinion the line would be a very pay. regard to the improvement of our undertaking, it is impossible to dis: Mr. BUCHANAN said, as an engineer having a knowledge of the We lost some traffic through the opening of the road, and though we gat back must of the traffic, we did not get the whole of it. Then, with ing one, inasmuch as it ran through a thickly populated country. He then put a series of questions on matters of detail. sociate that from the subject which has always to be taken in connec. The CHAIRMAN, in reply to Mr. Buchanan, said the report gave the ion with the increase of traffic-namely, the working expenses work which had been done up to December 31, showing in general because so many of our improvements are really directed to the reducterms what progress had been made ; but if any further information tion of working expenses by the better organisation of the wbole were needed, Mr. Higgin would answer, from an engineering point of system of our railway; for instance, we have added to our view. There was a little difficulty about the 60 kiloms. length of line locomotives which of much better pattern than old to San Ferrando, on account of the floods, but that referred to about It is very difficult devise the 15. kiloms, before coming to San Fernando. They hoped it would be best possible locomotive for a line like ours, with such very abrupt finished before the end of the year. The large sum which appeared on curves and such steep gradients, and with all the traffic up. Where the the balance-sheet as on deposit was deposited in various banks. They load is against the engine we are earning a very large portion were satisfied that their agent was doing as well as possible. of our money. However, I think we have got very good engines now, Mr. Higgin said, with regard to the progress made since December and we have recently received most satisfaciory reporis of their perform31, on that date they had 22 kiloms.ready, and they now had 40. They ance. We are certainly quite alive to the responsibility which falls upon were only waiting for the large bridges to complete up to 46 kiloms.,and us of getting the very best type of engine in the future that we can. lay the rails. The country was too level ; they had to make their Then we have spent a great deal of money in improving our workshops. banks 2 metres deep to prevent being washed away. The River Grande A great deal of our trouble arose from the fact that our workshops were flooded all the land round San Fernando, and they had to raise their so far from each other that we had to waste the time of our men in line 2 metres to avoid these floods, and they also had to raise their going from shop to shop: We have now put all our shops together. bridges and increase the spans. In some cases they had to go down 19 tion. Then we have spent £1,000 in making new waterways. The We have done it gradually, and have each year improved our organisa. metres through blue clay and mud to get the foundations. The first survey was to enable the Government to get at the value, more or less, waierways seemed to our engineers originally adequate ; and so they of the line. After the re-surveying, they had to peg the line were during the initial year of our enterprise. We certainly had some out and make a working section, and present this to the Govern- bad landslips, but I do not think there was any occasion where the ment again before the Government allowed them to continue the work. rain came down so continuously for so many days, and where the He had always found the survey was the most troublesome and expen: damage was distributed over so many parts of the line. We have not șive part of the line, and he had been kept sometimes two years before yet got the benefit of that expenditure, because, I am glad to say, we he was allowed to commence the work. They had a good deal more have had no more heavy rains and no more landslips. At any rate, it than 60 kiloms. surveyed but only 60 kiloms. set out and approved. is a great provision for the future. When we come to consider They were pushing on with the remainder of the line from San the working expenses, we must separate so far as we can the working ex. Fernando to Dagupan, and hoped to get it shortly approved by the penses which are to be attributed 10 the landslips from those which are Government. normal working expenses. Our normal working expenses have been The motion for the adoption of the report was then put and carried increasing. They have increased more than we could have wished, but unanimously. we have had a great many difficulties to contend with, and a great The retiring auditors having been re-elected, a vote of thanks to the deal of experience to learn, with the many varying features of that chairman and directors closed the proceedings. traffic, and we have had to improve our locomotives. We began with six locomotives, and now we have got ten engines, and according to the LA GUAIRA AND CARACAS RAILWAY. last advices 90 per cent. of our locomotives are in good running order , It is not many companies can say that. It has cost us a good The seventh ordinary general meeting of shareholders in this com. deal of money get them into good order, I am pany was held on Thursday, May 30, °1889, Mr. THOMAS COLLETT sorry to say ; but we are now in a position to undertake the working SANDARS in the chair. of the line at as low a figure as we can hope to do it well. I will now The SecretaRY (Mr. Arthur Bliss) read the notice convening the refer to a point which has been urged by a shareholder in a letter. The meeting. question has often occupied the attention of the directors--so much so The CHAIRMAN: Gentlemen, the report gives you the history of our that we have written specially to our manager about it, and that is why undertaking for the year 1888, and I think 1 may say that it presents the expenses of 1885 (a year with a good traffic) were com: a picture which is not unwelcome to those who have been lɔng interested paratively low. The working expenses in 1885 were comparatively in the fortunes of our railway. It is true there are some shariows in low in proportion to the amount of traffic, because it so the picture, but there are also many lights, and I think the lights pre- happened that there was very good coffee crop. dominate. Let us consider the position of our undertaking in regard, sore great deal of came from down traffic. Page 24
CONTENTS. PAGE The Manchester and Sheffield New Coal Line and Extensions Metropolitan District 1061 ART TAILOR and Light Railways for Ireland 1063 Anomalies of Railway Working.-N). III....... 1063 HABIT MAKER, The Coal Traffic to London 101) The Working and Management of an English Railway 1071 62 & 63, NEW BOND STREET, MANUFACTURED BY The Railways of the Argentine Republic 17? Notes and Comments 2076 American and Canadian Railways ... 1077 Money Market .. CO .o.o 15 & 17, BROOK ST, LONDON, W. P. MOIR CRANE & Argen'ine and South American Railways 10.9 Ofbcial Traffic Returns MANCHESTER Meetings of Shareholders 1097 London Official Share List LAIDIES DEPARTMENT62, New BOND ST., AND 15, BROOK St. For use throughout the Engine. GENTLEMEN'S DEPARTMENTORDINARY AND EXTRA QUALITIES OF 63, New BOND ST., AND 17, BROOK St. THE METROPOLITAN TOOL STEEL Estimates given for Court, Diplo- . matic, Army and Navy Uniforms RAILWAY For Engineering & Mining purposes. Bank, Club, and Private Liveries. CARRIAGE AND WAGON Russell's Ramps, Steel Castings up to 15 tons, Files, &c., &c. Ladies Costumes from £5 5s. COMPANY, LIMITED, SAMUEL OSBORN & Co., SALTLEY WORKS, BIRMINGHAM SHEFFIELD. CITY ADDRESS Successors to Messrs. JOSEPH WRIGHT & SONS), Sole Makers of Mushet's Special (Self | 39 & 40, CORNHILL, LONDON Manufacturers of RAILWAY CARRIAGES) Hardening) and Titanic Steels. EC. TRAMWAY CARS, WAGONS, and RAILS WAY IRONWORK of every description. RAILWAY CARRIAGES and WAGONS THE MIDLAND built for CASH or upon DEFERRED PAY. MENTS extending over a period of from RAILWAY CARRIAGE & RAILWAY-CARRIAGE THREE to TEN YEARS. COAL, , IRON COMPANY, AND WAGON COMPANY BALLAST, and other WAGONS to be LET on HIRE, LIMITED LIMITED. Manufactory and Chief Offices- Manufacturers of RAILWAY CARRIAGES, OPENSHAW, MANCHESTER, TRAM CARS, WAGONS, and RAILWAY SALTLEY WORKS, BIRMINGHAM. Manufacturers of every description of IRONWORK of every description. Branch Wagon WorksRAILWAY CARRIAGES, WAGONS, GREAT EASTERN RAILWAY, WAGONS Built for Cash, Deferred Payment, TRAMCARS, BRIDGE-WORK. PETERBORO'. or Hire. Railway Ironwork, Carriage and Wagon Wheels, E. JACKSON, Secretary, Mansell's Wood Wheels, Axles and Forgings, Chief Offices-MIDLAND WORKS, BIRMINGHAM Foundry Work in Iron or Brass, Builders' Iron THE BIRMINGHAM work and Contractors' Plant. Branch Works—ABBEY WORKS, SHREWSBURY Travelling and Fixed Cranes, Switches, and Crossings, Turntables, Water Columns, Water London Offices—SUFFOLK HOUSE, LAURENCE RAILWAY POUNTNEY HILL. Tanks, Pumps, &c. Wagons built for Cash or Deferred Payments. Medal, ESTABLISHED, Meda! CARRIAGE AND WAGON 1882 1833. 1851. London Office- I, WESTMINSTER CHAMBERS, S.W. COMPANY, LIMITED, F. MCNEILL & CO., Manufacture RAILWAY CARRIAGES, TRAM- . CARS, and WAGONS of every description, on BUNHILL ROW, LONDON, HIRE and SALE, by immediate or deferred pay. Manufacturers and ORIGINAL Patentees of ments. They have also Wagons for Hire capable of carrying six, eight, and ten tons, part of which are constructed specially for shipping purposes. , Wagons in working order main ained by Con. AND FOUNDATION FELTS FOR DAMP Manufacturers also of Ironwork, Wheels, and Axles. COURSE, EDMUND FOWLER, Managing Director. HAIR FELT FOR BOILERS & STEAM WORKS SMETHWICK, BIRMINGHAM. PIPES. LIMITED,
RAILWAY CARRIAGE ROOFING, SARKING SHEATHING, &
Established 1847, OLDBURY WORKS, near BIRMINGHAM, Manufacturers of RAILWAY CARRIAGES, WAGONS, and TRAMCARS, and every defcription of IRONWORK, either for Cash or or Payment over a period of years. Railway Wagons for Hire.
BROWN, BAYLEY'S STEEL WORKS, TURTON BROS. & MATTHEWS SHEFFIELD,
LIMITED, SHEFFIELD. Manufacturers of Steel by the Bessemer & Siemens' Process; Makers of Steel Weldless Tires, Axles, Springs. "SPECIAL GURANTEED" SPRING STEEL MANUFACTURERS OF Key Clips, For Shatting for Engineers, Machinists, Agri. cultural Implement Makers, &c. FOR HOLDING KEYS IN RAILWAY CHAINS.
Chief Offices- OLDBURY WORKS, near BIRMINGHAM, London Offices, 7. LAURENCE POUNTNEY HILL, C. Page 25
satisfied with that their particular For the five months of the current year there is a decrease of rates will not be raised ; but the fish merchants, if they are to 15,919 tons, or over 7 per cent., in the quantity of coal brought be taken as meaning what they say, demand a two-thirds reduc. into London by sea. The falling oft is mainly in the shiption of existing rates, and that, when so reduced, they shall ments from Welsh ports—the Great Western Railway Com. remain the maximum charges for all time. It is hardly pos- pany securing, apparently, a steadily increasing share of this sible to treat a demand like :his as an attempt to deal with a business. The quantity of coal brought from each port, and complex question in a serious spirit, otherwise it might be the number of ships employed for the purpose from January 1 worth while to reser in detail to the statements and sugges- to May 31, are shown below :tions which the document before us contains, every one 1889. 1888. 1887. of which could be shown to be glaringly inconsistent and altogether delusive. As it is, one or two examples Ships. Tons. Ships. Tons. Ships. Tons, will probably suffice. The schedule of proposed tolls Newcastle... 1,139 1,114,956 1,025 910 879,581 (page 14) suggests that common fish (including cod and Sunderland. 54! 462,489 ; 549 471,555 406,132 mackerel) should be placed in the same category, as regards Seaham ...... 106 65,774 99 62,901 80,796 charge, with bricks, clay, lime, pig-iron, and night soil, not- Hartlepool . 151 79,035 163 82,159 195 92,832 withstanding that fish in the schedule of objections, is described Blyth. 24 22,913 16,037 3 3,900 as "probably the most perishable article of food, requiring Middlesbgh. 1,173 3,022 specially rapid transit," and that one of the conditions attached W'kw'thHr. 8 6,098 Scotch 27 to the proposed rates is that they shall apply by passenger or 4:841 8,337 35 17,706 Welsh 267 246,946 special fast trains whenever required ! Again, it is gravely 3 3,143 28,836 stated (page 9), that because the fish landed in London, “ being 146 149,724 212,082 the best in quality, realises the highest price at wholesale Swansea ... 30 18,015 21,006 of all that is sold in London, the inference may be Briton Fer. 7 4,627 fairly drawn that the average wholesale price in London is less Bury 518 than the average price paid to the fisherman on the coast." In 1,944 5 other words, we are asked to believe that the fish-buyer, or Pembrey... 143 580 whatever is the specific designation of the particular individual Saundersi't 133 wḥo deals direct with the fisherman, is content to pay the fisher- Yorkshire... 191 80,351 man his price, and the railway companies their charges, besides Goole 170 71,427 175 60,862 sacrificing his own time and energy, and to receive from his Grimsby ... 6,589 4,967 Hull salesman in London, not once or twice, but habitually, less than 54 39,869 50 40,387 Lancashire. 157 these cost him. He, at all events, contrives to "live by the Duff. 1,256 loss,” and, unless report belies him, he lives well . On the whole, Sundries 92 12,522 24 2,035 it is tolerably safe to predict that the Board of Trade will have Small 90 69,584 103,606 little difficuliy in disposing of the demands of the “National Cinders.. 2,550 13 7 1,992 Sea Fisheries Protection Association." Colonial 140 130 Culm 360 192 THE COAL TRAFFIC TO TO LONDON. Tot. 5 mths. 2,525 2,067,217 2,514 2,083,136 2,348 1,917,568 The month of May shows a falling oft in the coals imported into London of 36,863 tons, the greater part (29,541) of which belongs CONTRACTS FOR LOCOMOTIVE COAL. to the sea-borne portion, and is spread over most of the ports. In the railway-borre traffic, this decrease is by no means so On Monday last a specially convened meeting of the Sou:h marked, slightly exceeding 7,000 tons,and this by nonieans evenly Yorkshire Steam Coalowners' Association was held at the divided. Thus, whilst the Great Northern shows an increase of King's Head Hotel, Barnsley, for the purpose of considering 11,000 tons, and the London and North-Western the same the prices which should be charged to several railway comimprovement within 6co tons, the Midland, Great Western, and panies for steam or locomotive coal, the contracts with which Great Eastern lines report decreases of 8,414, 5,058, and 4,597 will expire during the present month. There was a large attons respectively. The figures of the companies for May of the tendance on the occasion, the collieries represented including current and two previous years are given below : Swanthe and Edmunds Main, Carlton, Monk Bretton, Round- May. 1889. 1888. 1887: wood, Wombwell Main, Wath, Barrow, &c., &c. The chair was Lon. & N..West ... Tons 126,032 125,481 131,361 Great Northern 95,425 84.501 taken by Mr. John Tyas, the chairman of the association, who 92,357 Great Western 76,901 81,959 78,213 spoke as to the position of the trade, the advances agreed to be Midland 192,926 201,340 195,466 paid to the miners and other underground employes. This Great Eastern.. 69,712 South-Western 98,526 latter was pointed out as considerably increasing the cost of 7,337 7,154 South-Eastern.... 1,921 1,973 production, which had also been added to by the higher charges 2,190 Grand Junction Canal 841 1,275 845 made during a considerable portion of last year for all kinds of mining requisites, and which up to the present time was still Total May ......... Tons 571,095 578,417 606,112 For the five months of the current year, the railway companies ing the prices of steam coal, it was shown that the price had going on in the same direction. As to the question of advanc. and the Grand Junction Canal have brought 51,916 tons, or been increased in the case of one railway company early in the about 134 per cent., more of coal into the metropolis than in the corresponding period of 1888, and 228,871 tons, or over 7% per year for a short contract to 8s. per ton, an advance equal to 33 cent., more than for the five months of the previous year. As per cent., whilst the same rate was obtained for shipments from compared with the 1888 figures the most marked improvement in a different position by the agreement come to between the the Humber. But now the colliery owners were again placed has been on the Great Western, the increase representing representatives of the mine owners and of the working miners! nearly 10 per cent., the Great Eastern increase is over 5 per by which wages were to be advanced 10 per cent. To meet cent., the Great Northern 34, and the North-Western barely I per cent. In 1888 the Midland Company secured a very heavy this increased cost of raising coal it would be necessary to adaddition to the coal traffic of 1887, but during the five months of vance the prices, and this could principally be done as regards those qualities of fuel which were in most the current year has not maintained that advantage, the figure quest of the current being 23,000 tons below last year's returns. The during the summer, and that in steady total quantities brought to London by the various railway com demand during the winter. Consequently, steam coal panies from January i to May 31 are shown below : was that which could almost alone bear an additional increase, for household qualities could not be well advanced during the 1889. 1888. 1887. Midland..... Tons 1,114,787 1,137,159 1,051,686 dullest part of the year, and when the consumption was at its North-Western 734,187 727,143 728,657 lowest. The meeting was consequently of opinion that the new Great Northern 575,143 557,003 518,247 | tenders should be given in at prices not below, but slightly in Great Western 404,554 365,105 346,968 Greai Eastern 465,771 442,776 advance, of the 8s. which has been in force for some time. As 412,432 South-Western 34,436 45,332 43,903 the contracts taken last year were at the rate of not more than South-Eastern 11,760 11,929 11,015 6s. per ton, this means an increase of from 34 to 38 per cent. as Chatham and Dover.. 5 Grand Junction Canal regards the new ones. This will be a most serious matter for 5,439 4,708 biti the railway companies all round, but more especially to the Total 5 months) ...... Tons 3,346,077 3,294,161 3,117,206 | leading ones which are the largest consumers of locomotive Page 26
coal—to some of these the difference is not likely to be less naturally created a desire, on the part of those who than £100,000 for the year, As the extra charge for read the lecture in its pamphlet form, to learn fuel was unexpected by the directors at their last meeting no further details of the working of such a mighty machine as provision has been made with a view to mitigate the increase of the North-Western Railway, from one who was not only expenditure for fuel. No doubt some measures will be brought eminently qualified by practical knowledge of almost every forward for the purpose of economising the consumption of branch of railway work to act as a guide, but had also the steam coal, or adopting means by which power can be power of telling his story in terse and pithy language. A book obtained without being entirely dependent for it upon our of some 270 pages is, we are glad to say, the outcome of this collieries, and the changes in the prices that are now frequently widely-expressed desire that Mr. Findlay should deal with the brought about by the demands of the workmen for higher wages. subject in a more comprehensive inanner than was attempted The time, indeed, appears to be most opportune for the intro- in the lecture. The generation of those who can remember duction of some means by which coal can in whole or in part the earliest days of railways is passing away, and whilst be dispensed with for the production of steam for locomotive every incident and fact connected with that period which can engines, and on some foreign lines it appears that for the pur- be recorded is of interest, the recollections of a railway official, pose named petroleum has been found a cheap and workable whose experience dates back fifty years, are of special value, substitute for it, whilst it is now plentiful in all countries. A and should not be lost. We are glad, therefore, to see that, very interesting account of the use of petroleum on Russian whilst Mr. Findlay's bcok deals mainly with the working of a railways will be found on another page. railway of to-day, there are many interesting facts relating to the Liverpool and Manchester and other pioneer lines, and THE WIMBLEDON EXTENSION OF THE SOUTH | illustrations of early types of permanent way and stock. WESTERN In dealing with the management of a line, Mr. Findlay The directors of the South-Western and District Companies, following extract may serve to correct an impression which is naturally commences with the duties of the directors, and the and a number of the leading officials of the two railways, sometimes entertained that a seat at the board of a large rail a visited this line on Saturday, preparatory to its opening to the way company is a sinecure :public on Monday last. All concerned were well pleased with what they saw, and looked forward hopefully to very satis carried on by the chairman, two deputy chairmen, and a board of thirty "The administration of the London and North-Western Railway is factory results of its working in the future. It is not too much directors, five of whom retire annually, but are eligible for re-election. to say of this latest addition to the suburban railways of the Any shareholder may become a director by election, provided he metropolis , that it fully deserves the praise which was awarded possesses the qualification of holding ordinary stock to the value of one thousand pounds. The full board of directors meets once a month to it, of being, in respect of its construction, and the architectural —viz., on the third Friday in every month — but the members are also features and completeness of its stations, the best and the most organised in a number of smaller committees, called 'committees of picturesque of any of the railways connected with the metropolis. branches of the business. For instance, there is a “special committee,' the board,' which also meet once a month and deal with various A full description of the line appeared in the RAILWAY NEWS consisting of sixteen members, which holds its meetings intermediately of Saturday last. The district through which the line runs is most between the meetings of the full board and devotes itself to much the attractive in its general features, and Wimbledon Park and same class of business; a 'finance committee of seven members; a its vicinity will very shortly attract the notice of those who are in atiend, and which accepts tenders, approves contracts, orders relaying permanent way committee of ten members, at which the engineers search of picturesque sites for suburban residences. Among the and repairs, and generally authorises all expenditure connected with guests on Saturday there were indeed several who, while the permanent works of the railway ; a 'locomotive committee' of ten admiring the stately trees and the well-wooded landscapes, members, which deals with all matters relating to the engine works at the carriage works at Wolverton, the wagon works at looked forward wistfully to the time when villas of all styles Earlestown, and everything connected with the rolling stock of the and classes would introduce variety into the sylvan railway and with the steamboats. There are also a fares and rates beauties of the country. Already long lines of roads are committee of eight members, and a 'debts and goods claims com mittee of ten members, the titles of which sufficiently indicate their laid out, and societies have secured portions of land upon functions, and an imporiant committee called the traffic committee, which the architect and builder will have full scope for their composed of fifteen members, which approves changes in the staft and skill and enterprise. Mr. Aird, M.P. (Lucas and Aird), was in the pay of the company's servants, authorises expenditure upon new highly complimented, at the luncheon which followed the in- works, and deals, besides , with a variety of other matters connected with the discipline of the staff and the working and accommodation of spection, for the admirable manner in which the works had been the traffic. In addition to these there are smaller committees for the carried out, and with becoming modesty acknowledged hotels and refreshment rooms, for legal and medical business, and for the well-deserved eulogies of which his firm was the subject. the chairman of the company, the minutes of all these various com: At the meetings of the full board, which are presided over by Needless to add, the Hon. Ralph Dutton, the chairman, and Mr. mittees are submitted and approved or otherwise as the case may be, Scotter, the general manager, came in for their due share of and the board also deals with Parliamentary matters, questiors of compliments, and that Mr. Forbes, with that coyness and policy, proposals for new works involving large expenditure, and, diffidence which are so pre-eminently his well-known charac- generally, with all business of the first importance aftecting the com pany. The present chairman of the company, as is pretty well known, teristics, heartily. thanked the South-Western for having pro- is an extremely hard worker, and has for many years devoted the whole vided such a valuable opening for the District, to new fields of his time and his great talents for administration and finance to the and pastures, and promised that nothing should be wanting on service of the company which he has done so much to place in its the part of his colleagues and himself on the District Company present position at the head of the railway enterprise of the country.” to develop the traffic and 'secure a handsome return on the the reader is shown that the chain of responsibility and of The executive management of the line is then explained, and capital which had been so beneficially expended. supervision is a very complete one, and that, in fact, the secret THE WORKING AND MANAGEMENT OF AN of organising the management of a great service like that of the North-Western is nothing more than a carefully-arranged plan ENGLISH RAILWAY.* of devolution combined with watchful supervision. ShareIt will be remembered that in the early part of last year con holders in railway companies will be pleased to learn that siderable interest was excited, not only in military circles, but “The system of control over the expenditure of the company's money is a very complete one. The general theory is that no expenditure throughout the country by a lecture delivered by Lieut.-Col. whatever is incurred without the direct sanction of the directors, ex. Findlay, the general manager of the North-Western Railway, / pr s ed by a minute of some committee approved by the board. "The at the School of Military Engineering, upon the subject of the district officers are, indeed, allowed to make some small necessary payworking of an English railway. This lecture dealt mainly with after being carefully examined, are passed by the finance committee ments, but even for these the vouchers are submitted monthly, and, the railways of the country as means for i he transport of troops No work is done by any of the engineering departments, except ordiin the case of an invasion, though points of their working and nary maintenance and repairs, without a minute of the directors to management were incidentally explained. The glimpse thus sanction it, and, in like manner, no claim is paid, except those of very trifling amount, without the authority of the goods claims committee."" afforded of the vast and complicated traffic of our railways For railway officials also this chapter should be of special *“ The Working and Management of An English Railway.” By interest, as it contains some shrewd hints and maxins—the George FINDLAY, Lieut.-Colonel Engineer and Railway Volunteer result of the writer's experience of five and thirty years--for the Staff Corps ; Assoc. Inst. Civil Engineers ; general manager of the London and North-Western Railway. Whittaker and Co., White guidance of those who may be called to occupy the position of Hart Street, Paternoster Rox. a chief officer in any great undertaking. The staff of the North |
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