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Quotation -Supplement (Monthly)
Investors Supplement (quarterly)
Street RailwaySupplement (Quarter^
State and City Supplement (semiAnnuaiiJ
[E ntered aocordim ? to A ct o f Congress, in tlie year 1897, b y the W il l ia m B. D an a C om p an t , in the office o f the Librarian o f Congress.
VOL. 64.
SATURDAY, APRIL 10, 1897.
W eek ending A p ril 3
She (&htamtU.
P U B LISH E D
Terms of Subscription—Payable in Advance:
F or One Y ea r.............. ............................................................. $10 00
F or S ix M onths................. ........ ..............................................
6 00
E uropean S ubscription (in clu din g p oa ta g e)...................... 12 00
E uropean Subscription S ix M onths (in clu din g p o sta g e ).
7 00
A nnual S ubscrip tion in L on d on (in clu din g p o sta g e )___ £ 2 10s.
S ix M os.
do.
do.
d o.
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The I nvestors ’ Supplement will be furnished w i t h o u t e x t r a c h a r g e
to every annual subscriber of the Commercial and Financial
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w i t h o u t e x t r a c h a r g e to every subscriber of the Chronicle .
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plements are sold at 50 cents each ; postage on the same is 18 cents.
Terms o f Advertising’—(Per inch space).
One lim e........................ ......... $3 50 I Three M onths (13 tim e s)..$2 5 00
One Month
(4 tim e s).. 1 1 0 0 Six M onths
(26
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T w o Months
(8
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(The a b ov e term s fo r o n e m onth and upw ard are fo r stand ing cards )
London Agents:
M essrs. E d w ard s & Sm ith , 1 D rap ers’ G ardens, E . C ., w ill take su ts o r ip tlon sa n d ad vertisem en ts,an d su pply sin gle o o p le s o f the paper
a i I s . each .
W I L L I AVI B . D A N A C O M P A N Y , P u b l i s h e r s ,
P in e S tr e e t, C o r n e r o f P e a r l S tr e e t,
NEW YO R E.
CLEARING HOUSE RETURNS.
T he fo llo w in g ta b le , m a d e u p b y telegra p h , e t c ., in d ic a t e s
th a t th e to ta l b a n k c le a rin g s o f all th e c le a r in g houses
o f th e U n ite d States fo r th e w eek en d in g to -d a y , A p ril 10,
n ave been $931,345,789, a gainst f 1,005,933,506 last w eek and
$964,393,033 th e c o rre s p o n d in g w eek o f last year.
C L E A R IN G S.
R e tu r n s b y Telegraph.
N e w V o r k .........................................
o s t o n ............... ..
......................
P h i l a d e l p h i a ....................................
B a l t i m o r e .........................................
W e e k E n d in g A p r il 10.
1897.
1890.
P e r O en t.
$ 4 1 3 ,5 2 4 ,7 9 3
7 9 .9 5 2 .4 0 9
4 8 .1 7 8 ,5 1 8
1 2 ,1 7 9 ,1 4 7
0 1 ,5 0 7 .2 4 8
2 4 ,9 2 2 .5 5 2
5 ,8 5 6 ,4 7 2
$ 4 3 2 ,1 5 8 ,9 0 0
7 4 ,7 8 7 .5 8 5
5 2 ,7 4 3 .7 4 0
1 1 ,0 6 9 ,1 4 5
S e v e n c i t i e s . 5 d a y s ............
O t h e r c i t i e s , 5 d a y s ...................
$ 0 1 0 ,1 2 1 ,1 3 9
1 2 4 ,2 0 7 ,4 1 3
$ 0 0 8 ,5 2 7 ,5 6 2
1 3 1 ,0 1 9 ,9 2 0
- 3 ’3
—5*2
T o t a l a il c it ie s . 5 d a y s . . .
A l l c i t i e s . 1 d a y .............................
$ 7 7 0 ,3 2 8 ,5 5 2
1 0 1 .0 1 7 ,2 3 7
$ 7 9 9 ,5 4 7 ,4 8 8
1 0 4 ,8 4 5 ,5 9 5
-3 * 7
-2 * 3
$ 9 3 1 ,3 1 5 ,7 8 9
$ 9 6 4 ,3 9 3 ,0 8 3
-3
C h ic a g o
8 t . L o u is
N ew
.........................................
........................... .............
O r l e a n s .......... ..
. . . . . ___
T o t a l a ll c it ie s f o r w e e k
0 8 ,9 9 7 ,2 3 8
2 0 ,4 1 1 ,2 8 3
8 , 3 5 9 ,0 7 1
-4 * 3
+ 6 -9
-8 * 7
+100
— 10*9
+22*1
-2 9 9
4
1897.
P Cent
O learingt a t —
1897.
1890.
1995.
1894,
N ew T or*..........
P h ila d e lp h ia ..
P itts b u r g .........
B a ltim o re ........
B u ff a l o ...........
W a s h in g t o n ...
R o ch e s te r.........
S y ra cu s e ...........
S cra n ton ...........
W ilm in g to n ....
B in g h a m to n .
T o ta l M id d le ....
*
568.838,14
04.1O9.58t
14.9oi.71
15.170.80r
3.021,44
1,732,301
1,411,4 <
834,89
772,3 If
ea*.53i
330, r 01
071,820.78'
i
527.449.09S
50.720,224
14.087,13'
11 909,10
3,802,75?
2.019.10V
1,581,801
v-57.42:
919,79s
710,U
338. 10l
620,537,750
+7 6
+13*1
-H)-I
+20*s
-2 0 7
—14*2
-9*6
-12*8
—16*(
—11*:
-0 4
+8*3
*
585.443.706
76,313.43:
16,061,721
17,000,206
4,053.252
1,922 84.‘
1,588. '42
i ,oo0,8 p;
727 205
757.00:
417,300
705,292,723
8
531,975,730
74,375.536
B o s t o n ...............
P r o v id e n c e .......
H a r tfo r d ...........
N ew H a v e n ....
S p rin g fie ld ........
W o r c e ste r.........
P o r tla n d ...........
F all R iv e r .......
L o w e l l ..............
N ew B e d fo r d ..
T o ta l N ew E n g..
99 258 91i
5.117.41H
2.412/24'
1,550.30
1.318.03
1,472,25c
1,318.15
729.22€
73o,07584.09c
114.491,954
95.050,066
4.839.70C
2,507,375
1 404,651
1,467,078
1,349,271
1.293,315
771.187
042,437
537,772
109.928.753
+4*4
+3*7
—01
+1U-,
—10 2
-t
+1*«
- 6 ',
+ 13 7
+8-7
-+-4*2
99,716 122
5.850,500
2.674.782
1.521 152
1,492,611
1.457,405
1,339 012
710,38:
030,242
521.683
115,423.592
2,577,299
1,546,534
1,367 257
1,353.009
1.397,146
903.814
560,727
551,127
103,706,135
C h icago.............
C in cin n a ti........ .
D e tr o it .................
C le v e la n d ............
M ilw a u k ee..........
C o lu m b u s ............
In dian ap olis . . . .
P e o r ia ...................
T o le d o ..................
G rand R a pid s...*
D a y to n .................
L e x in g t o n ...........
Saginaw ................
K ala m a zoo........ .
A k r o n ...................
Bay C it y ..............
R o c k fo r d .............
Springfield, O hio..
C a n to n ................
T o t . M id. W e s t’ r
81,120.073
ll.309.95i
5.204.012
0.894.321
4,185.8^
3,059 100
2,028.017
1,500.972
1,208,508
034,325
501.53»
305,910
24U.OdU
218.0-0
259/ 00
101,898
104.O2S
150.501
192,205
110,501.150
89,481.011
12,590 2Ql
5,332,710
5,174,471
4.003,25t
3,275.800
2,158,647
1,979.72-1
1.251,051
751,212
556,078
334.645
275,000
241.777
212 l"(i
218 28;
211,799
190,290
180,407
127.472,929
-8*3
—10*2
-1*2
+33*2
+ 3C
-0 -C
-5 b
—24*0
4-13
-1 1 6
-f-1-6
—6 0
—12*7
-9*0
+22 1
—25*6
—*2*3
—23 3
-+•0 0
—0*2
81.614 059
14.471.55C
5,893.3 4C
5,009.945
4.713 922
3 830.200
1.217.497
1,905,540
79,207.197
13.913.8C0
0.1*3,595
4,085,322
4,041,717
3.580.500
1.210,950
1,953,322
091,509
789,503
458.402
3-7,915
237,940
180.0UC
259.479
190.802
208 8rt3
233,290
122,190,335
352.241
235,077
167,612
105,139
184 815
115.391
li 8 316
205 789
117,381.246
San F r a n cis c o ..
Salt L a k e City..,
P o r tla n d ............ .
L o s A n g e le s ....,
T a c o m a ................
S e a ttle ...............
S p o k a n e ...............
F a rg o ....................
S io u x F a lls........
T o ta l P a clflo ..
13.117,497
1.512.008
920,697
1,101.472
474,054
40 1,000
572,710
104,592
3» 996
18,869,283
14,51-1,046
1.2? 2, U 7
974 424
1,218.834
483.900
521,00c
441.757
167.212
78,083
19.054,072
-9 * 8
+22*7
—3 5
—4 7
— L’fa
—11*7
+268
—3 3 -5 5 2
-0 0
11,090,131
1,300,000
1.185,97a
1,2< 7,055
652.440
t’00,o00
864.420
118.015
03.40*
17,067.483
12,713.544
1,580,575
1,191,809
1,140,808
572,938
850,208
331.491
95,917
163,995
18,043.285
K ansas C ity ...........
M in n e a p o lis...........
O m aha.....................
St. P a u l...................
D e n v e r ........... .
D a v e n p o rt.............. .
9 t. Josep h .............
Des M o in e s ............
S io u x C it y .............. .
L in c o ln .....................
W ic h it a ................... .
T o p e k a .....................
F r e m o n t...................
H a s tin g s ............ .
T o t . o t h e r W e st
9,572,-'11
5,307,302
4.076.262
2,722.918
2,339.10
651,70,»
1,30',282
1,2*8,782
650,101
287,087
390,4 r-8
280,250
60.863
99*102
28,987,238
9.009.671
5.027,323
4,110,403
3,358.327
2,939.078
1,078.002
1,224.001
1,239,030
168,027
304.310
444,062
290.035
05,756
74,728
31,517,002
-0 * 4
—3*7
-0 1
-18*9
- 2 )*4
—00*9
+ 131
+4*5
+ 14 3
—5*4
-1 0 8
-3 4
-22*7
+ 32*0
-3 * 0
10 232.065
5 056.440
3.579,702
3,4f 8,430
2,758.125
9,922,810
5,344,305
5,301 329
2.982 000
3 095.295
1,475 452
1,319,953
083,099
418,595
615,175
471.855
71.620
62,112
30,704,089
1,32.3 936
1,220,300
799.143
550.910
498 717
451 037
85 000
121,800
31,712,272
St. L o u is ...................
N ew O rleans..........
L o u is v ille ...............
G a lve sto n .................
H o u s t o n ..................
S a v a n n a h . . .. .........
R ic h m o n d ................
M em p h is...................
A t la n t a ............. ........
D allas.........................
N a sh v ille .. ...........
N o rfo lk ....................
W a c o ........................
F o r t W o r t h ............
A u g u s ta ...................
B irm in gh am ..........
K n o x v ille .................
L ittle H o ck ..............
J a c k s o n v ille ..........
C h a tta n o o ga ............
T o ta l S o u th e r n ..
21.552.517
7,287,270
5.K9L420
2,414.5f0
2.409 830
2.014,272
1,839,575
1,019,440
1,104,157
1.058 437
1.010,100
850,638
49.5 291
690.108
850,000
372.42450.722
258,209
24". 000
255,399
52.713.094
20 851,440
8,386.915
0.090 300
2,200.402
1,700,073
1 6-1,873
1,910 119
1,577.320
1,220.513
1,169.925
672.492
1,018,721
058.048
675.000
825,260
847,111
345,161
302,041
310.406
255,758
52,912,628
+3*4
-13*1
-11*9
♦ 10*6
+40*3
-+-29*2
—3*7
+2 8
-10*0
—9*6
+169
-1 5 9
-24*0
+27
+ ;i-(
+7*3
-+-29*4
-14*5
-80*7
-0*1
-0 * 4
23 949 537
10,173,029
0,520.992
2,619.912
2.3-8 903
1,878.944
2,192,813
2,300,-77
1,292,310
1.135,789
1.281,900
809,000
1.871,147
750,000
007,744
327,000
21,200,091
7,039,151
7.123 957
2,032.227
1.605 540
1,010,328
2,203,028
1,605 013
1.002,030
1,019.728
l,Olr*,072
1,215 201
758,030
475,000
W EEKLY.
Po it O ffice b o x 9 5 8 .
NO. 1,6597*
T he fu ll details o f cle a rin g s fo r th e w eek c o v e r e d b y th e
a b o v e sta te m e n t.w ill be g iv e n n e x t S a tu rd a y . W e ca n n o t,
o f cou rse, fu rn ish th e m to -d a y , ba nk clea rin g s b ein g m ade
up b y th e variou s c le a rin g h ouses a t n oon on S a tu rd a y , an d
h e n ce in th e a b o v e th e last tw e n ty -fo u r h ou rs o f th e w eek
h a v e to be in a ll cases estim a ted , as w e g o to press F rid a y n ig h t.
W e presen t b e lo w o u r usual d eta iled figures fo r th e p re
v iou s w eek , c o v e r in g th e retu rn s fo r th e p eriod en d in g w ith
S a tu rd a y n oon , A p ril 3, and th e results fo r th e corres
p o n d in g w eek in 1896, 1895 a n d 1894 are also g iv e n . C o n
trasted w ith th e p re ce d in g w eek, th ere is an in crease in th e
a g g re g a te ex ch a n ge s o f a b o u t on e h u n d red an d seven teen
a n d a h a lf m illio n dollars, an d a t N ew Y o rk a lon e th e g a in is
T o ta l a l l ................ ,006.933.600
n ea rly s ix t y -t w o m illion s. In com p a ris on w ith th e w eek o f
437.095,371
O u tsid e N. Y o rk .
1896 th e to ta l fo r th e w h ole c o u n tr y sh ow s an in crease o f 4 ’6
per ce n t. C om pared w ith th e w eek o f 1895 th e cu rre n t M o n tre a l........
10,013,213
0.442.P70
o n t o . ............
retu rn s record a decrease o f 4 ’3 per ce n t, an d th e excess over THoarlifa
1,170,858
x ................
1894 is 4’ 2 p er c e n t. O utside o f N ew Y o rk th e g a in over W in n ip e g ............
1,180.878
740 4*8
1896 is 0’ 6 per ce n t. T he decrease fr o m 1895 rea ch es 6 ’2 per H a m ilto n .............
443.718
= John*...........
c e n t , b u t m a k in g com p a rison w ith 1894 th e g a in is seen to
T o ta l C anada..
20,163.913
b e 2 ’0 per ce n t.
’
* N o t In clu d ed In t o t a ls .
285.380
399.105
320,837
00.072,960
13,204,857
3,051,334
1.731,217
1.6*0.509
931,565
672 220
718,784
435 900
642,402.370
89,741 623
345.582
r 53,384
235.835
51,811.975
962.014.240
+4*6 1,051.481,782
905.607.283
431,666,118
+0*6
405,988,070
428.031,517
7 603,549
5,298.063
91)5,199
930.504
633,297
Hh8S'5
- -21*0
- -30*0
- •20 9
H■38*9
9.481,088
5,320.791
1.’ 94,739
714,625
006,107
11,271 340
5.810 387
1 170.538
809,946
1.204,523
15.820.072
4-81*5
17 400.410
20.874 728
H82
THE
CHRONICLE.
[Y O U
L XIV .
that time, current exhibits ought hereafter to show an
OUR STATE AND CITY SUPPLEMENT—A increase in the production of goods in all departments,
S E W NUMBER.
and with labor in those and other ways better em
With this issue of the CllKONlGUS we give our subjcnU-r. » new number of onr Stvte a SD C ity S up
plement. With all the statistics collected down to the
latest dates. To the cities, towns, etc., already con
tained in the S upplement, 289 new places have been
added, and we feel justified in saying that it is a better
and fuller number than any previously issued by ns—
thus fulfilling the aim with which we started out, of
making each succeeding number an improvement on
its predecessor.
None of the various S upplements issued by us and
given to onr subscribers covers a wider field of useful
ness—a field, too, which is occupied by no other publi
cation. Nowhere else can such a mass of information
and statistics relating to State and municipal finances
and affairs be found. And we have spared no labor,
time or money in the effort to make it as nearly
perfect as it is possible for such a publication to
be.
The work is exceptionally complete in the
case of all the Middle, Middle Western and New
England States. In many of these States there is
scarcely a place where all the details have not been
obtained for the very latest dates. What this means
will be appreciated when we say that frequently the
various items of information for even the smallest
places have to be procured from several different
sources—the debt from one department, assessed
values from another, and other items from other de
partments. We have been unremitting in our en
deavors to get all the facts in each case, and we feel
gratified to think that in the vast majority of instances
our efforts have met with success.
Following the practice inaugurated last year, we
shall issue another number of the Supplement next
October, though in the case of many items of infor
mation (such as assessed values, tax rates, receipts and
expenditures, which are only compiled annually) it
will not be possible to give any later figures than those
contained in the present number.
ployed. the distribution and consumption of products
should also show an increase. Hence, intrinsically and
comparatively, trade is likely to disclose moderate
gains.
We say moderate gains, for the immediate future
does not seem to hold out any encouragement for larger
expectations than indicated. Congress is engaged in
tariff legislation, and the reports that come to us this
week do not strengthen one’s belief in as speedy work
as has been hoped heretofore, or even give a full assur
ance of successful work. Rumor has it now that the
silver Republicans from the silver States make higher
duties on wool, on fruits, with a duty on hides etc.,
the requirement for their votes, while the prevailing
sentiment among the Republicans iu the Senate does
not favor that policy; on the other hand, by higher
duties Democratic votes would probably be repelled,
and could not, we imagine, be gained unless a lower
range of protection were secured. Notwithstanding
these diversities of opinion at the moment, some ar
rangement it may be assumed will be reached, for there
is very little doubt but that a bill will in the end he
passed. Yet the outlook at present certainly does not
encourage speedy work or a speedy settlement of the
uncertainties attendant upon this piece of legislation,
which the retroactive clause the House added has
made doubly embarrassing and unsettling to mer
chants.
Nor is the taritf legislation the only Congressional
influence tending to keep business on a conservative
basis. We think the Senate would be surprised did it
understand how deeply its action on the Arbitration
Treaty has disappointed the better classes of our citi
zens. Amending the Treaty until it was worth noth
ing, leaving it merely a dismantled hulk, then laying
it aside as a used-up whim wham, has not only helped
to disturb confidence hut has left the deeper moral
sense of the country offended. If it he asked how it
has disturbed confidence, the explanation is an
easy one.
The Treaty was looked upon as a
THE FINANCIAL SITUATION.
safeguard against hasty, emotional, and ill-consid
There has been no essential change in affairs this ered action like that which attended the Venez
So long as the bars are wholly
week. As spring advances, business without doubt uela excitement.
broadens to a small extent, but nothing like a generous down, as now, the opportunity is open all the
revival i- observable anywhere. We are inclined to time for a repetition of a disturbance of just such a
think that t hi - developing tendency will increase in a character as that. There is a body of silver men in the
moderate way month by month. That conclusion Senate who are clever enough to know that a war with
seems warranted, if for no other reason because in the any European nation while our currency remains as it
present condition of our foreign trade and the Treasury now is would simply mean a silver currency for Amer
gold reserve uncertainty with reference to currency ica. Under present circumstances no such war could
stability is for the time being removed, and under be conducted without sooner or later producing that
those circumstances if no untoward event happens catastrophe. As a consequence, capital is not free to
act or inclined to he venturesome so long as Congress
a moderate recovery is hardly preventable.
From this date also the ordinary statistical evidences is in session while the country remains so vulnerable
of progress ought to afford a favorable contrast with the on the side of its currency.
But the current session of Congress is by no means
previous y a r. It will be remembered that in 1896, even
before April, the coming derangement had begun to cast wholly or even in greater part chargeable for the
its shadow over our industries. We said last week, in quieter form business has taken. We referred last
reviewing the March statement of clearings, that it week to the Supreme Court decision in the Transritonwd the first increase in dsariugs since April is;to. Missouri freight case. The motion which we then
That is an important fact in its bearing upon similar stated had been made to advance the suit against the
trade report- during coming months. It teaches that Joint-Traffic Association has this week been granted,
a set-back instead of a growth was the condition pre hut the argument is not to come on in April as re
vailing about this time a year ago. As onr readers well quested by the counsel hut at the next term in
know, tip-, on traction thus begun soon thereafter grew October.
This announcement delaying the hear
steadily worse. Comparing then with the results at ing was at first interpreted by the public un-
A p b il 10, 1897. j
THE
CHRONICLE.
683
favorably, but later the general view taken of in various capacities, finally being the company’s act
it was that putting
off
the hearing was ing President. But he was best known for his con
much the wiser course for the Court and better for the nection with the Erie. He became President of that
thorough preparation of the ease. This week Judge road in 1884, after the Grant & Ward and Marine
John F. Dillon, who was counsel for the Trans-Mis Bank failures, which involved the Erie, and remained
souri Freight Association, has filed a petition for a re the executive head of the road until 1893, and subse
hearing in the action against that Association. Of course quently for a time acted as one of the receivers of
that decision has had a very depressing influence on the property. He was thoroughly loyal to the company
industrial affairs. As Judge Dillon says, it is so far- and his standard of integrity was a high one. He in
reaching as to be “ destructive of legitimate business augurated a great many improvements, and though the
methods.” Nearly all contracts with relation to trade ill-fated property again fell into embarrassment dur
matters more or le3s restrain trade. In the absence of ing his Presidency, that must be ascribed to the force
specific legislative expression, some guide or defini of circumstances, rather to any fault of his.
Mr. Fink of course has left a deep impress on railroad
tion with reference to their interpretation must be
given by the Court, so that it may be known what affairs. And this not merely in one department. By
contracts are in restraint of trade and what are not. the public at large his fame rests mainly on his having
The distinction heretofore has been “ the one fur been for so many years Commissioner of the old Trunk
nished by the common law, namely the reasonableness Line Association. But he had gained distinction in vari
or unreasonableness under all the circumstances of ous ways a long time before this. As an engineer and
bridge builder early in life, he became the inventor
each case.”
It is this featui'e of the decision, added to the fear of the Fink truss, with which every student of me
that the roads, with their associations disbanded, chanics is familiar. During the war, as Superintend
would at once begin to cut rates, and that the carrying ent of the Louisville & Nashville Railroad he dis
business would be demoralized, which has been such a tinguished himself for his skill in facilitating the
very important factor in unsettling confidence and movements of the Federal armies and in rebuilding
suppressing enterprise. Apparently Mr. J. Pierpont bridges and other works destroyed by the Confed
Morgan understood the railroad situation better than erates. Later, during his connection with the same
any one else when he said just before he sailed that road, his reports of the company’s operations attracted
the decision would not be followed by rate cutting. It attention all over the world. In fullness and com
certainly up to this time has not been, and as a conse pleteness these reports have never been equaled.
quence the feeling prevailing as the week closes is They formed, morever, the basis for the study of rail
much improved and more confident. Another fortunate road affairs on scientific principles, and his papers and
fact for business interests is that our State legislatures essays dealing with the mass of statistics that he had
are rapidly closing their sessions. So far as industrial collected would alone entitle him to a high place. In
activity is within the deadening influence of State 1875, having severed his connection with the Louis
legislatures that power has this year more than ever ville . & Nashville, he was called upon to assume
before been used to scatter any accumulating tendencies the position of Commissioner of the Southern Railway
towards revival. All over the country these bodies the & Steamship Association. In 1877 he was consulted
past winter have been doing the best they could to with reference to the formation of the Trunk Line
antagonize capital. The facts apparently compel us Association, and the Association was organized accord
to assume that the controlling idea of the representa ing to plans largely devised and suggested by him. In
tives in some of the Western and Southern States, June of that year he was appointed Trunk Line Com
and indeed in some much nea-er home, is that missioner, a position which he held for twelve years.
if
they
can find anywhere a bunch of or Mr. Fink possessed great powers as an organizer, and
ganized capital and prevent its making money, it was during this period that his talents were given
they have done their constituents a service. Yet they fullest play. All the traffic associations that have been
know as well as we do that they are not open and frank formed in recent years have been based on this earlier
in such action. They know that to secure prosperity work of his in connection with the Southern Steam
in their neighborhood they need capital, and while as ship Association and the Trunk Line Association.
a “ smart ” political move they are repelling it by Hence it is evident that he rendered beneficent service
offensive legislation of one kind, they are inviting it to the whole body of roads; for it is recognized now
by other kinds of legislation. Those who help pass that un ler our extensive system of mileage organized
fierce anti-trust laws and anti-railroad laws pass almost effort at co-operation between the different roads is a
the same day laws which in substance say, through necessity.
the privileges granted (chief among which is relief from
The Reading Company has issued its return for the
taxation), come down here and build cotton factories month of February, and the figures are presented in
and you shall have large profits and no questions asked. a new form. The results must be considered satisfac
But this will go on we suppose until those engaged in tory, a3 the combined companies show net earnings of
it find that Populistic legislation harms all business, $518,840 for the month in 1897 against only $306,611.
and restricted business in turn depresses all prices; in February 1896. But the statement has been criti
just as much the prices for wheat, cotton and wool as cized because it furnishes only the net results
the prices for bread, cotton goods and woolens.
and does not show the gross earnings.
If inten
The old generation of railroad men is fast passing tional the omission would have to be regarded as
away. The death of President Roberts of the Penn matter for regret.
But as it has always been the
sylvania Railroad was followed last month by the death policy of those who have reorganized this property,
of Mr. John King, formerly President of the Erie, and and who are now actively identified with its manage
on Saturday last Albert Fink, too, died. Mr. King ment, to furnish very complete reports of operations,
was a nephew of John W. Garrett, and he was identi we have been led to inquire whether the omission
fied with the Baltimore & Ohio for a period of 27 years has been by design. We find that it is the result en«
684
THE CHRONICLE.
[V ol. LXIV.
tiiely of j* mism>derr m » d ing, that then? is no inten Levant was more favorable. The cable reports dis
tion n. withheld the figures, ami that subsequent, re counts of sixty to ninety day bank bills in London
port* »>il give ?iu* jfroes earnings the same as hore- 1 per cent. The open market, rate at Paris is I f
t>)foh-. la a ircuiar a. comjumving the return it is per cent and at Berlin and Frankfort it is 2f per cent.
stated that tin- fixed charges of the entire property on According to our special cable from London the Bank
compit-rmh "f ri-organuution will he about S8.fi72.072, of England lost £345,923 bullion during the week and
wh: . ti-.i i • ,-..mini's for the fiscal year ending No- held £38,390.532 at. the close of the Week. Our corre
vein t.er ;-•> i.v»K were *9,480^7:10, leaving n surplus j spondent farther advises us that the loss was due to
<m t
- c ■'
For the present year, pend the import of £347,000 from Australia and to the ship
ing <oiupieiioa of refunding. Ac., the fixed charges will ment of £1.293,000 net to the interior of Great Britain.
be p.-rsiisiis s-tiiu.0OO more than the amount of fixed
The foreign exchange market has been dull and
chart:i- stated above. The securities of thenew compa without special feature this week, and though the tone
ny h ive hi. hstcd i.m the Exchange this week, and with was easier for short sterling and cable transfers on
the «pjpli.-»titu» i.* list a very elaborate statement Tuesday, it grew firmer on the following day. and so
ne-ir in.; ?h* i.-..ii.*rty inn been furnished to the continued thereafter.
Long sterling is quite firm,
,Ex< 1,sv
\ V print the application in full on subse influenced by easy discounts in London and also by
quent i
-an.! it will be found to contain all the facts the small supply of commercial bills and offerings of
and if cures that investors and security holders need to maturing sterling, which are growing lighter and are
give them a full knowledge of the condition of the promptly absorbed. The range for nominal rates was
property ami the character of the securities.
unchanged during the week, remaining at 4 864- for
M. !,* . on call, representing bankers1 balances, has sixty-day and 4 88@4 884 for sight, and a reduction
loaned tins week generally at 14 per cent, while some in the latter by Baring, Magoun & Co. on Thurs
trau.nave been made at If. and a very few and day and by the Bank of Montreal yesterday left
for ictuiU amounts at 2 per cent, making the average only one banker posting the higher figures. Bates
tibmi! if per
Probably more of the banks are for actual business were also unchanged and the
m'ln-pnns the ruling rate at the Stock Exchange than easier tone early in the week did not make the market
are maintaining 2 per cent, and the trust companies quotably lower. Sixty-day sterling has remained at
loan at the rates current at the Exchange. The mar 4 85f@ 4 86 since March 22, and sight sterling and
ket for time money has an easier tone, especially for cable transfers have been 4 87@.4 874 for the former
long periods, and quotations are 2 per cent for thirty and 4 87404 874 for the latter since April 1. The
days. 24 per cent for sixty to ninety days, 3 per cent following shows the daily posted rates for exchange
for four to six and 34 per cent for seven to eight by some of the leading drawers.
months ...» good mixed stock collateral. Some bankers
D A IL Y POSTED RATES FO R FOREIGN E XC H A N G E .
report tie.m-y iouncti at 2 per cent for ninety (lava on
FR I .
M o n ..
T ctbs.,
w * o . . TH D R-.
F B I.,
A p r. 2
Apr. 5. Apr. 6. -■U<r."
to.v
- h.-.t .j. tool they quote
per cent for four
A pr. 8, Apr. 9.
mouths. :j per cent for six months and 4 per cent for ^ 0 , n ,B r o s ......... ]
gw
i*
W6 i r
a*
8*
i 60 days
the remainder of t he year on good stock security. Baring,
S fl«
M agoun & C o .. ( S ig h t * ,.
!
*
m
IS
&
11
i i
The city of New Y ork has been borrowing this week Bank British J 60 d ays.
N o. A m e r ic a .. 1 S i m . . . .
T
H*
w*
iiM i 54 8 “
on tax certificates at 3 per cent until October and No- Bank o f
5 00 d ays.
M on trealS igh t,..
Its!
IP*
ii
ii
11
▼timber, and some i kisiern cities have been in the mar- Canadian B an k j 60 days, (WK
80 ^
Em
o f C om m erce.. < S i g h t . . ,
8‘ H
8‘ H
WH
Es h
ket for suitt nceo luiuodation, which has been ex- Heldelbacft, Icfc- ( 6 0 days
fie*
mn
m
i
l k
IS
8b
fcS
tended at the name rate. Some four months Eastern elhelmer & C o. i Sight-.. as
Lazard F r e r e s ... j | f ^ y s '
So
m
&
rS
mill paper has also i,,M-» sold at 3 percent. The sup- tferch an ts? B k. ( 6 0 d ays,
m
F8
o f f a u a d a .........* S ig h t ....
8b
S8
w
ply of .•(..•iiinercia! (taper is not large, but importers
hav.- ii.f-n s -.cry long and choice paper running to the
The market closed firm on Friday at 4 864 for
end ••} ’..iic ;,.-ar. ami even i.evond, at 34 percent, but sixty day and 4 88@:4 884 for sight.
Rates for ac
d
;-r r with, remly sale. Some single name tual business were 4 85 J@4- 86 for long, 4 87@
nap.-, maturing n January lias been sold at. 4 percent. 4 874 for short and 4 87-f@4 S74 for cable trans
Qwtimioii-. for the r.-gular grades of commercial paper fers. Commercial bills were advanced a quarter of a
ar“
per i'i’iii for sixty to ninety day endorsed cent yesterday to •4 85:|@4 85£ for prime and 4 84|@.
d'o.- f-*<evr,b],i. ;}p>(} per cent for lim-oUss and 4@5 4 85 for documentary.
F"r ''fin bo g.».d four to six months’ single names,
The following statement gives the week’s movements
i
•>' ti'ion in the European political situation of money to and from the interior by the New York
’ --1*r !>(-.•» relaxed this week, though it was b a n k s .
1”
• *?iat during the celebration on Tuesday of the
1
1
Received h}/ j Snipped by
Net Interior
Week Ending April 9, 1897.
ntiivet -arv of the opening of the war for
\\ r . Bank*, v . f . B mks.
Movement.
(<?•<''k independence some overt net might be cora- C u r r e n c y ......................................................... ■54,782,000 $ 2 ,5 5 2 ,O O O ^ a in .S S ,2 3 0 ,0 0 0
4 1 1 ,0 0 0
2 8 4 .0 0 0 G u m .
1 2 7 ,0 0 0
mit! d* Collisions between the Cretans and the Miis- G o t! ................................... ...................... . . . . 1
T o ta l gold and le g a l ten d e rs . . .. 1 * 8 ,1 9 3 ,0 0 0 ; * 2 .8 3 0 .0 0 0 k ia in .S 2 .3 8 7 .0 0 0
S’i -a a . -mnuie, and the blockade of Cretan ports,
mused m teh stiffeiing by reaWith the Sub-Treasury operations the result is as
80,1
- MT’ v ' being cut off, ft would appear follows,
a nt made in the English House of GomOut 0/
Into
Net Ch <m e in.
Week Ending April 0, 1897.
for th« F<iroi pi
1i ink*.
n nfc».
B ink HouUnvu.
Office that She Withdrawal of the Turkish forces from B a n k s ’ in te rio r m o v e m e n t,a s ab ove $ 5 ,1 9 3 ,0 0 0 $ 2 ,8 3 6 ,0 0 0 G ain 2 .3 5 7 . *i 0
1 3 ,7 0 0 .0 0 0 .1 4 .1 0 0 ,0 0 0 j L oss.
S u b -T re a su r y o p e r a ! i o n s . * * - . - - . . . .
4 0 0 ,0 0 0
ted by the Pot
T o ta l gold an d le g a l tenders.__ $ 1 8 ,8 9 3 ,0 0 0 $ 1 6 ,9 3 6 ,0 0 0 !G ain $ 1 ,9 5 7 ,0 0 0
The Bank of England minimum rate of discount
wn* on ^Thursday reduced to 24 per cent from 3, at
The following table indicates the amount of bullion
know, the’'* “’1ir'r‘ Bebrnary 1. and this was re- in the principal European banks this weak and at the
etcadily
that fhe situation in the corresponding date last year.
THE
A p r i l 10, 1807.1
A p ril 9 1896.
A p ril 8.1897.
Bank o f
Bold.
| Silver.
CHRONICLE.
Total.
a-dd.
£
£
1
£
£
38.390,532 46,878.158
E n gla n d ......... 38 396,532
77, '20,560
76
66'.9S0
48945.600
125.614.049
P r a n c e ....
G erm an y........ 28.412.0H 14.636.516 43.048.550 2*',058.200
A u st.-H u n g ’ y 31,185.000 12,019,000 43,804,000 20.270,000
8.004. POO
8528.0'*" 10,800 *o« 19.32S, '•*'
S p a in .
9,453,000
2 623,000
2,032.000 6.821.00"
N e th e rla n d s .
3.657,333
4,347.00'
2.898,000 ' .449,000
N at B elgiu m .
Silver
7 ntn.1
£
46.878.156
49.792.014 127 712.574
14.487,800 43,546,000
12.751.000 39 021.0 0
18,38 4 0*»0
10,330.
9.544 0"
6,921,000
3 .9 8 6 ,'"'
l 328,667
T o i.th is w eek *88,720 546 *5,271.170 283.991.722 193,411,219 P5.06O,4Sl'28.4.071,7 30
T o t. pr*v. w 'k ’ 91 930,020 9«.7P ? «*H 288.723,512 193.863.151 95.915,695 289.778 840
MR. H O AR’ S D E F E N S E O F THE SEN A TE .
A formal defense of a great legislative body by one of
its oldest members; admission of its faults and weak
nesses, followed by a plea for its retention on the ground
that faulty as it is its predecessors have been worse ;
all this is so unusual that it would attract attention,
even if the general public had not already taken up
the same discussion. But the fact that Senator Hoar’s
article in this month’s ‘ •Forum” , entitled “ Has the
Senate Degenerated?” is an explicit attempt to answer
very general and familiar accusations, lends particular
interest to the paper.
At the very beginning of his article, the Senator
makes the striking admission that “ it cannot be
doubted that there is a widespread and growing im
patience with the condition of things in the Senate.
Indeed, it is becoming something more than impati
ence. It has already become distrust.” This is cer
tainly conceding very much; more, so far as we are
aware, than has ever been conceded in a parallel case
in any other legislature. English peers have partici
pated in the occasional polemics against the House of
Lords, but they were always peers who frankly advo
cated either abolition of the House or large curtail
ment of its privileges. Senator Hoar advises neither;
he advocates two minor changes in the present prac
tices of the Senate, and for the rest maintains that
matters ought to be left as they stand to-day.
Mr. Hoar’s defense of the present Senate is based
chiefly on its improvement in morals and manners as
compared with a generation or more ago. In this
contention his case is sound. He notices Brooks’s mur
derous and unchecked assault on Sumner in the Sen
ate Chamber during 1856; Foote’s vagaries in the anti
slavery controversies— his threat of lynching, from the
Senate floor, against John P. Hale, and his menace of
personal violence to Benton; and finally the offensive
personal vituperation employed before the war in Sen
atorial debate. No one will certainly dispute Mr.
Hoar’s conclusion that the level of Senatorial decency
has risen greatly since those unpleasant days. We
have, to be sure, witnessed occasionally, even in very
recent years, some outbreak of this old-fashioned Sen
atorial vulgarity; notably in a somewhat widely re
printed speech of the present senior Senator from
South Carolina. But we agree with Senator Hoar that
a general return to these manners of half a century
ago is inconceivable. To that extent the present Sen
ate may be congratulated and commended.
But it is not the manners of the present Senate that
have evoked popular condemnation. As we take it,
there are three chief allegations which underlie all cur
rent adverse criticism of the Senate. It is alleged,
first, that the Upper House has largely lost the spirit of
conservatism in public action; second, that it3 iiles
and practices have placed in the hands of every Sen
ator the power to obstruct the will of the majority;
and third, that the Senators from the majority of
685
States no longer properly represent either the higher
grade of public capacity or the actual will of their con
stituents. All three of these allegations seem to us
well founded. The Senate of 1895 and 1896 has cer
tainly fallen far enough short of meeting Justice
Story’s definition of sixty years ago, as “ the balancewheel which adjusts and regulates.” The rules of Sen
atorial debate have always been liberal, but in
the most excited days of slavery discussion,
we find upon its record nothing of Senators
forcing consideration of foolish bills in order to
hamper necessary legislation, nothing of Senators in
flicting on their colleagues, often through the medium
of an unlucky clerk, volumes of inane and irrelevant
twaddle, such as was utilized in 1894 especially for dila
tory purposes. Senate proceedings have, in short,
never till recent years degenerated into burlesque of
legislation. That the personal quality of the average
Senator of to-day falls far short of the average of half
a century or less ago we believe is strictly true, and
this without affirming either that all the Senators of
1830 and 1850 were intellectual giants or that no Sen
ator in the present Congress is worthy to be measured
with the leaders of our earlier history. But individual
comparisons are not necessary. The whole is only the
sum of all the parts. If, therefore, we find that se
riousness and dignity are repeatedly missed in Sena
torial discussions, that debate no longer seems to rise,
even with inspiring questions, to a lofty level, that
public problems of the gravest character evoke chiefly
the bickering of narrow partisans, we may conclude
with safety that the character and usefulness of indi
vidual members of such a*body have suffered something
uncommonly like decadence.
Senator Hoar professes himself an optimist, and be
lieves the evils which he freely admits to be suscept
ible of remedy. In this we agree with him. He fur
ther argues that adequate remedy may be obtained
merely by altering a few of the Senate’s rules. We
cannot assent to this.
The Senator has a double
remedy to propose.
First, he would “ have laws upon
the statute book, both National and State, punishing
by sufficient penalties every Senator or Representative
who absents himself from the body to which he be
longs.” This is' undoubtedly a most useful proposition,
not alone as dealing with temporary absences arranged
for the deliberate purpose of breaking up a quorum,
but with grave abuses such as the habitual and almost
permanent absence of a recent Senator from Pennsyl
vania, whose attendance during a session more re
sembled irregular visits than serious participation in
the work of legislation.
Second, and more important yet, Mr. Hoar believes
that “ a rule can be, indeed it has been, devised which
will secure reasonable opportunity to vote in the Senate
and at the same time secure reasonable debate and
reasonable amendment.” That such a rule can be
contrived is beyond question. That an effort to intro
duce and pass it will be made we have some hope ; not
only because of this declaration by Senator Hoar, who
was himself not very long ago an advocate for “ Senator
ial privileges ” as against use of the previous question,
but because of the Vice-President’s significant an
nouncement, in his brief inaugural, that he would devote
his powers to securing from the Senate “ prompt and
positive legislation.” It will be time to criticise such
a change in Senate practice, and to weigh its rea
significance, when the new rule comes under formal
Senatorial discussion.
Why, if it has seriously
THE CHRONICLE.
BBS
[Vol. LXIV.
in'it vet b o o n *submitted to the another and equally proper application of the prin
ciple.
S o tm l o , w e d o n o t k n u i-W* But in the meantime it
The argument that new inducements to corruption
the
evil
lies
,«<:!
that
if
tit rtmtittbii’
s h o a l *;l
if imperfect
rules and would be provided by popular election of the Senators
l4
ik 4
a u c tio n
is does not sound formidable to those who have watched
if f*3;|vit% t ii v *•* l i'i ?•? — 'il i i 1 1 1 *,, ; i • tr i ib l o
wllli ftict mmltty of mon selected, rather than with the Senatorial elections of our time. That it would
fin * 1in t- htuerv of legislat o n . then it is clear that substitute mere pluralities for majorities, as at present
refot!si of rules and p flit dices will fail to meet the required, would be, in our judgment, no misfortune.
If u n f i t men are besing elected in continuously I f it were an evil, it would certainly not be comparable
im x u K
largeir number to represssftj the States in Congress, the to the protracted, expensive, corrupt and exasperating
fault must rest with the SY stem of o leotioa. Senator deadlocks which are now-a-days a constant spectacle.
Hoar contends that if th’6 legislative results be bad, Three States to-day have only one elected Senator
umvi'f ,i ! I hustv. “ it will be because we have a bad, apiece at Washington, simply because their legislators
foolish or rash people ’.and he would have us “ elevate will not agree upon a choice. States have been robbed
the people “ sn order tu stop the evil. But this is to beg in this way of their due representation in the Senate
the question altogether. Complaint, is brought, not during consecutive periods of two years. Under a
atraiust the House of Representatives elected directly popular election such results would be impossible. A t
by the p<-opk\ but against the Senate which they do iI the very worst an occasional contested election would
not elect. A very clear appreciation of this fact, be the one unfortunate result. But a contested elec
which Senator Hoar ignores, has led the public mind tion case more scandalous than the recent contest in
to the now familiar proposition that election of the the State of Delaware, under the present system,
Senators be transferred by Constitutional Amendment would be hard to picture.
In short, it seems to us that Senator Hoar fails to
from the legislatures to the people of the States.
To this proposition Mr. Hoar objects, first, that it make out a plausible case against the change of sys
would “ change the character of the Senate as con tem. Against his recital of imagined ill results, three
ceived by the convention which framed the Constitu positive and highly important advantages would be
tion
second, that it would transfer selection of secured. A Senatorial candidate, seeking a popular
Scu.ii >rs from the official representatives of the people election; would have to face discussion of his charac
of a State to an irresponsible convention ; third, that ter and capacity before the people; therefore an unfit
it wo i
pluralities in election for majori man whom the people did not want could not be forced
ties; fourth, that it would “ create new temptations upon them. He could not buy his election to the
to fraud, corruption, and other illegal practices” ; Senate; even supjiosing purchase possible with popu
fifth, that it would “ absolve'the larger States from lar election, the cost of such corruption would be toothe Constitutional obligation which secures the equal great for a moment’s consideration. He could not
representation of all the States in the Senate
sixth, safely disgrace himself and Ms constituents by act or
that it implies unfitness of the legislatures for the duty vote in Congress; were he to take such chances, the
of selection ; and finally, that it would logically lead end of his existing term would surely end his career1.
to similar selection, by popular majorities, of President
The root of present evils is undoubtedly the vast
and Judiciary.
facility for corruption in the legislatures of the States.
Wo do not think this array of arguments is by any This and its attendant evil of domination by the in
means conclusive. Two of Mr. Hoar’s points seem to dividual who may for the time being be at the head of
us wholly untenable. Popular vote fo ra State’s two the party organization, are phenomena of our own
Senators could hardly upset equality of States in time. It is idle for Mr. Hoar to argue that a change
the Upper Chamber, nor is there reason to suppose that in plan is needless because “ the whole current of orrr
the principle would forthwith be applied to the Presi history shows to be untrue” the accusation “ that the
dency, much less to the judiciary. To argue, as the State legislatures have proved themselves unfit to be
Senator goes on to do, that selection of Senators would the depositaries of the power of electing Senators.”
by such change he shifted from a recognized official body If it be shown that the average State legisla
to a popular con voiitionwhich is created for and which ture
is unfit
for
such
duty now, and is.
expires with this single act, is merely to suppose ex- reasonably certain to continue thus unfit, it matters
u“ 1 1y rhut to happen which has happened already with little, that they were proper depositaries of the power
the Pre-ideacy and with the Mouse of Representatives. twenty-five or fifty years ago. What the nation has to>
In the c-io. ,,f the Presidency the Constitution’s orig deal with is genuine and present evils ; in the case in
inal purposes, to which Senator Hoar refers as argu- point, with notoriously increasing evils. Many State
in'-n!. It is *• bi-mi absolutely overturned, and Mr. Hoar legislatures use their privilege to-day in selecting for
would not be tlie hast to say that- the Constitution-makers the Senate eminent and worthy incumbents of the
wore mistaken. They imagined a body of electors seat; this may be safely enough asserted of the legisla
ir- hing di-in1 w./.fe lly for tit - President host-fitted ture which selected Senator Hoar himself from Massa
»nnage the fortunes of the nation ; chusetts and of many others. But when such legisla
experience *<f twenty years led to a change of the Con tures were ready, without the influence of money or
stitution. »nd Ii-h dime made of the Electoral College a machine, to choose such men, it is a pretty safe infer
ne-r- ses-mne- for carrying out flic will of a popular ence that the people under present conditions would
convention. Similarly, the- same f '(institution-makers have done no worse.
pictured State legislatures seeking the highest order
We are no advocates of constant tinkering with the
of political capacity for their Senators. They were Constitution. Some provisions of our organic Federal
under a pardonable illusion in both cases. As the peo- law are adapted so profoundly to the needs of Anglo1v taken the nomination of the Presi- Saxon civilization at all times and places that they will
df,ft"v into their own hands, if they were now to claim never be removed short of a revolution. Others were.a -imilar power of electing Senators, it would be merely necessarily constructed with a view to the society andh & m
prepared, it
has
A pbil 10 1897.|
THE CHRONICLE.
local institutions of a hundred and ten years since, and
the society for which they were contrived has altered
in a degree never conceived by the founders of the
Constitution. It has been the jRoper spirit of our
people to touch these provisions too with caution, and
to alter, as in the amendments regarding Presidential
elections and regarding slavery, only when longer
postponement clearly threatened immediate danger to
the nation. W ith the question of abuses in Senatorial
elections we have now had a generation of experience,
the evil steadily increasing all the time. It is well
that the discussion should be kept before the people’s
minds.
__________________ _
G U A R A N T Y B Y ONE RAILROAD COMPANY
OF THE BONDS OF ANOTHER.
The decision last month of the Appellate Division
(1st Department) of the Supreme Court of this State
in the case of the guaranty of the Evansville & Rich
mond bonds involved one question of general interest.
This question was whether where a company guaran
tees the bonds of another company, principal and in
terest, and where the mortgage provides that in case
of default the mortgage trustee or the bondholders
may declare the principal due, and the option is exer
cised— the question was whether the guarantor com
pany in that event becomes liable for the principal im
mediately or not until the maturity of the bonds. The
question possesses especial interest in this instance be
cause the case involved two issues of bonds, on one of
which the Court decides that the contract of guaranty
requires immediate payment, and on the other that
the liability for principal does not begin until the
time when the amount is payable by virtue of the bond
itself. We stated the conclusions of the Court in our
railroad columns last week, but did not then have room
to show the difference on which the distinction be
tween the two classes of bonds is based.
The complaint, as will be remembered, was brought
by John Dougan against the Evansville & Terre Haute
Railroad Co., which had guaranteed the bonds of the
Evansville & Richmond Railroad Co. Two causes of
action were alleged; the first to recover the amount of
certain bonds of the Evansville & Richmond Company,
designated as first mortgage bonds on the Western di
vision, Elnora to Columbus; and the second to recover
the amount due upon certain bonds of the same com
pany known as first general mortgage bonds. As our
readers know, through an arrangement with the Evans
ville & Terre Haute Company most of the Evansville &
Richmond bonds have been exchanged for Evansville &
Terre Haute preferred stock, and the present suit was
brought by one of the holders of a small amount of
the bonds that did not assent to the exchange. The
Court does not undertake to pass upon the validity of
the guaranty. Judge Ingraham, who delivered the
opinion, says that the illegality, if any, must depend
upon a foreign law of which the Court cannot take
notice. It may be that the laws of the State of In
diana or the charter of the Evansville & Terre Haute
Company expressly prohibited the latter from doing
the acts alleged in the complaint to have been done
by it. Upon that fact being proved, a question will
be presented as to the liability of the company. But
upon the facts conceded in the case no such question
is presented.
687
namely that the Evansville & Terre Haute, to com
plete the Evansville & Richmond, which was a part of
its system, advanced money for that purpose, and to
reimburse itself took bonds of the road, endorsed a
guaranty upon them and issued them to purchaser
and received the proceeds— these facts, says Judge
Ingraham, would certainly, in the absence of
any expressed prohibition, create a liability on
behalf of the guaranteeing company to the ex
tent of its guaranty.
If the obligation was
one
which
would
be
void
under
the
law
of New York as against public policy, or in violation
of some rule of the common law, an allegation that it
was lawfully executed could not be held to override
the express rule of law violated by its execution.
There is, however, no such invalidity in the contract
in question. The power to make the contract must
depend upon the law of the State creating the corpo
ration, unless the contract is one prohibited by law in
this State; and no rule of the common law or statute
was called to the attention of the court which would
make the contract illegal. Hence it is held that the
power of the corporation to execute the guaranty must
be regarded as admitted.
W ith reference to the question whether the full
amount of principal and interest could be recovered,
the Court decides in the case of the general mortgage
that it could, and in the case of the Western division
mortgage that it could not. The distinction is founded
on a very slight difference in the language of the
guaranty inscribed on the bond. 'O n the general
mortgage the form of guaranty reads: “ The Evansville
& Terre Haute Railroad Company hereby guarantees
to the holder of the within bond, the punctual pay
ment of the principal and interest thereof, when and
as the same shall become due and payable” . On the
Western division mortgage the guaranty says: “ The
Evansville & Terre Haute Railroad Company * *
hereby guarantees the payment of the principal and
interest mentioned in the within bond, according
to the tenor and effect thereof” .
The parts in
italics indicate where the two forms of guaranty are
dissimilar. To interpret the meaning and effect of
the words of the guaranty in each the Court refers
to the terms and provisions of the two mortgages.
In the case of the general mortgage the question
was, what does the payment of the principal and inter
est of the bond, “ when and as the same shall become
due and payable” mean? By the mortgage it was pro
vided that in case default should occur in the payment
of interest, then after demand by the trustees for the
payment of the moneys the principal of the bonds
should at the election of the trustees become imme
diately payable. The Court reasons therefore that
under this provision, immediately xipon default being
made in the payment of the interest, upon the election
of the trustees the principal sum became at once due
and payable; and the Evansville & Terre Haute Com
pany having guaranteed the payment of principal and
interest of the bond “ when and as the same shall be
come due and payable” , and the principal having be
come due and payable according to the bond itself, the
guaranteeing company was liable.
But was there no provision for declaring the prin
cipal due in the case of the Western division mortgage?
Yes, but the remedy was not the same. In the first
Nothing appears upon the face of the complaint to place, as we have seen, the language of the guaranty
show that the guaranty was not a legal exercise of cor was different, it reading “ guarantees the payment of
porate powers. On the contrary, the facts admitted, principal and interest” of the bond “ according to the
688
THE CHRONICLE.
tenor ami effect thereof
Then the mortgage pro
vided that upon d el'll]t, which should continue for six
mouths after demand by the trustees, the principal
should at the election of the trustees ” become imme
diately collectible from and out of the said mortgaged
premise*.” It was argued that under that provision the
default in interest affected the time of payment of the
princi|iul uuly so far us it authorized the trustee to col
lect the principal sum out of the mortgaged premises,
leaving the promise of the obligor to pay the prin
cipal in the year 1928 unaffected by the default. The
Court sustains this view, saying that there is no prom
is e
that the obligation of the obligor will be in any
manner changed in consequence of the default in the
payment of interest. The obligor is to pay the prin
cipal in 1928, with interest thereon semi-annually upon
stated jieriods. with a provision in the bond that if de
fault is made in the interest the trustees may immedi
ately proceed to enforce a lien upon property given to
secure the bond and to apply the proceeds realized from
the sale of such security upon the amount of
such principal of the bonds. But there is nothing to
give the holder of the bond a cause of action against
the obligor before the time fixed for such payment in
the bond itself. And as the Evansville & Terre Haute
guaranteed the payment of the principal and interest,
“ according to the tenor and effect ” of the bond, the
conclusion is reached that in the absence of any
other provision in the mortgage there would be no
obligation to pay the principal which could be en
forced by a judgment against the obligor until the
time when the amount is payable by virtue of the bond
itself.
As there are only about $65,000 Western Division
bonds and $167,000 general mortgage bonds left out
standing (the rest having been exchanged), the ruling
is not a matter of very great consequence in this particu
lar case. But it is important in its general bearing as
showing how essential it is for investors to study and
examine the language of both the guaranty and the
mortgage in such cases, a slight difference in the
wording of either working a great difference in the in
terpretation put upon it by the courts.
\Ri: STREET RA1LWA YS SUBJECT TO THE
ISTE R -STA TE COMMERCE L A W ?
The Inter-State Commerce Commission has recently
decided the question whether electric street railways
not wholly within the limits of one State are subject
to the Act to Regulate Commerce. We do not remember ever having seen the point raised before. The
ruling is interesting on that account, and also because
of the divergence of views among the members of the
Commission which the case disclosed.
The ca-e was that of Charles i f . Willson against the
H<.ck Creek Railway Company. The company operates
a line of electric railway 74 miles long, running from
Washington. D. C.. to Chevy Chase Lake, in Mont
gomery ( ounty. Maryland. The road is used mainly
for thf conveyance of passengers. Cars containing
merchandise are frequently hauled; but this, it is
claimed, is done for the convenience of its traveling
patrons, and the company does not hold itself out to
the general public as a carrier of freight. The regular
rate o f f a r e over the line is 10 cents where passengers
travel over both the Maryland division and the D C,
division, six tickets being sold for fifty cents. For
merly the charge was only twenty-five cents for
( VoL. LX1V.
six tickets, but this, it is claimed, resulted in
a loss to the company.
The same parties who
are interested
in
the
railway also
own
the
Chevy Chase Land Company, and this company, to
encourage the purchase and occupation of its lands,
and to induce the public to patronize its hotels, sells
the tickets to such persons as it chooses to favor at the
old price of six for twenty-five cents. It buys the
tickets, however, at the rate of six for fifty cents, and
therefore loses apparently twenty-five cents on every
such sale. The complainant Willson, not residing on
the land of the Chevy Chase Company, the latter
would not sell him tickets at the reduced figure. lie
therefore charged discrimination, and brought the
present action before the Commission. The road is con
structed upon or along public highways, and is. it is ad
mitted, essentially a street surface road for the convey
ance of urban and suburban passengers. No printed
schedule of fares and charges is posted in the manner
required by the Inter-State Commerce Law, and the
company claims to be exempt from the operation of
that law'.
Commissioner Knapp, who wrote the opinion of the
Board, says that the contention that the Act to Regu
late Commerce applies only to the ordinary steam rail
ways by which inter-State traffic is mainly carried, and
that street surface roads for urban and suburban pas
senger travel are exempt, can not be sustained. It
may be conceded, he says, that this class of railroads
was not specifically within the contemplation of the
framers of that law, for the evils which it was intended
to remedy would, in the nature of the case, rarely arise
in the management of such roads and their dealings
with the public. But the terms of the statute in this
regard are broad and general, and it contains no ex
ception indicating a design to exclude from its opera
tion those inter-State roads which are constructed upon
public highways, to provide the means for local passen
ger transportation in the streets of towns and cities and
their various suburbs.
Hence he sees no reason to
doubt that the authority of this enactment may be in
voked for the regulation of carriers like the Rock
Creek Railway if their business is actually inter-State
whenever occasion arises for subjecting them to its re
straints and requirements.
Nor can it be admitted, he contends, that the InterState Law is inoperative in this case because the
Constitutional power to “ regulate” commerce is
confined to “ commerce among the several States ” ,
and the District of Columbia is not a State
within the meaning of that phrase. If such a propo
sition were correct as to commerce between the Dis
trict of Columbia and an adjoining State, it would be
equally conclusive as to commerce between a State and
an adjacent territory or between any two terrritories ;
and it would necessarily follow that there is a large
amount of internal commerce, and a vast variety of
agencies employed in its transportation, which are not
only uncontrolled by existing laws, either national or
State, but which are beyond the reach of any legisla
tive authority. Hence the conclusion is reached that
as the “ commerce ” in which the defendant is engaged
is not carried on within the limits of Maryland, hut
between that State and the District of Columbia, and
is therefore not subject to regulation by Maryland
laws, it must be within the jurisdiction of Congress and
amenable to the statute which Congress has enacted.
It is noteworthy, however, that the Commission is
not unanimous on the question whether street railways
April 10. 1897.J
THE CHRONICLE.
689
are subject to the provisions of the law. Commissioners caused high-water, floods and washouts. In the Mis
Morrison and Clements agree with Commissioner Knapp sissippi the water at certain points reached a higher
but on the other hand Commissioners Prouty and stage than ever before known. And so serious has been
Yeomans dissent, holding that the Commission has the damage and suffering caused by breaks in the
no jurisdiction for the reason that the A ct to levees in Arkansas, Missouri, Mississippi and Louisiana,
Kegulate Commerce does not include a street rail inundating large areas of land, that President Mc
road.
Mr. Prouty says that no importance is Kinley this week felt called upon to send a
attached to the kind of motive power. The term special message to Congress urging measures of
“ railroad ” is undoubtedly broad enough to include a relief, to which Congress immediately responded with
street railway, and often does include it in statutory an appropriation of $200,000. The conditions which
enactments. There is however, he argues, a wide brought about the high water and overflows in the
distinction between a railroad in the ordinary accept Mississippi extended also to the various tributaries of
ation of that term and a street railroad, and whecher the river in the West and Northwest. As far north as
the term ••railroad’ ’ when used in a particular statute St. Paul high water in the Mississippi did great dam
does or does not include a street railway is a question age. Along the Red River of the North overflows like
of legislative intent in each particular case. Looking wise caused serious harm. Besides all this, the heavy
to the scope and substance of the Act to Regulate rains made the country roads in many parts of the
Commerce, he does not think that Congress intended country almost impassable, rendering it very difficult
to haul freight to the railroad stations.
to include street railways.
Another adverse influence was the great contraction
On the question of discrimination, there were
equally sharp differences of opinion. Commissioner in the grain movement as compared with the excep
Knapp holds that there is nothing unlawful in the act tional movement of a year ago. For the four weeks
complained of, saying that if the Chevy Chase Land ending March 27 the receipts of wheat at the Western
Company, in the course and for the benefit of its sep' primary markets reached only 6,894.842 bushels this
arate business, sees fit to sell at half price, or to give year, against 10,042,961 bushels in the same four weeks
away altogether, tickets for which it has paid the rail of last year; and the receipts of oats were only 9,700,road full price, the Commission is unable to per 479 bushels, against 12,614,642. The corn movement
ceive wherein any legal
right is exceeded or ran a little ahead of that for 1896, but on the other
legal duty disregarded.
In this view Commis hand there was a loss in barley and oats. Altogether,
sioners Prouty and Yeomans concur.
But Com the receipts of wheat, corn, oats, barley and rye were
missioners Morrison and Clements see things in a only 30,014,170 bushels in the four weeks of this year,
different light, saying that the discrimination is the against 36,756,114 bushels in the four weeks of last
joint act of the two companies, the land company year. The following shows the grain movement in
being the instrumentality through which the discrimi detail in our usual form.
nation is effected, and that the railway company as a RKUBIPT8 OF FLO U R AMD GRAIN FOB FOUR W E K K 8 ENDING MARCH 2 7
AND SINCE JA N U A R Y 1 .
common carrier should not be permitted to accomplish
thus indirectly what if done directly would be a trans
Flour,
Wheat.
Co*-**,
Bar\e1 .
(bbls.)
(bush.)
(bush.
(bush..
(bush.)
a m ,*.)
parent and manifest violation of the Inter-State Com
Chicano—
4 wks. Mur., 1897 202,779
321.807 8,8r9,482 w a o D o
937.823
86.530
merce law.
RAILROAD GROSS E AR N IN G S FOR MARCH.
Our statement of railroad gross earnings for March
shows a small gain in the aggregate. And this must
be accepted as a very hopeful result, indicative of an
improvement in the state of general trade. For the
gain has been reached notwithstanding the existence
of quite a number of adverse conditions and influences*
producing heavy losses on certain classes of roads. Our
compilation comprises altogether 126 lines or systems,
and of these 57 record decreases and 69 increases, the
final total showing 1610.441 gain, or L60 per cent.
Of course we must not overlook the fact that the
month had an extra business day the present year,
March 1897 having contained only four Sundays while
March 1896 had five. On the other hand, bad weather
over wide areas of country has played an important
part in reducing the earnings of the roads. A t the
beginning of the month, snow storms affected the out
lying lines of the roads in the Northwest, so that no
reports were received for several days from a number
of stations. And it may be said generally of these
roads that while their main linos were not blockaded
some of the remoter branches have had more or less
trouble with snow all winter, there having been an
unusual fall of snow at many places.
Then all through the Middle Western and Southern
Central States railroad operations were greatly re
tarded by heavy rains, which, with the melting of snow,
4 wks. Alar., I89fl
Since Jan.l, 1807
9lnce Jan.l. 18'.*0
Mtlw'i’ Ur- e—
4 wks. Alar.. 1897
4 wks. Alar., 189«
Since Jan.l, 1H97
Since Jan.l. 1896
at. Louis—
4 wks. Alar., 1897
4 wks. Alar.. 189*
Since Jan.l. 1897
Since Jan.l, 1890
Tolert' —
4 wks. Alar., 1897
4 wks. Alar.. 1800
Since Jan.l, 1897
Since Jan.l. 1890
•etroit—
4 wks. Alar.. 1897
4 wks. Alar.. 1800
Since Jan.l. 1897
Since Jan.l, 1890
(Jlenelnnd-
4 wks. Alar., 1897
4 wks. Alar., 189*
Since Jan.l. 1897
Since Jan.l. 1890
Ff.ov-
i wks. Mar., 1897
4 wks. Alar.. 1896
Since Jan.l, 1807
Since Jan.l. 1890
1tint*
4 wks. Alar., 1807
4 w k s . Alar.. ISO*'
Since Jan.l, 1897
Since Jan.l, 1890
Minvention m—
i »ks. Mar.. 1897
4 wks. Alar., 1890
S'nce Jan.l. 1897
Since Jan.l. 1890
Kansan City—
103,050
598,7 8
670.100
8-7,203 0.420.400 8,042,178 1,099.402
1,281.771 14.172.08 21.004.430 4,305,870
2,795,885 19.390.010 2L.935.118 4.550,028
103,094
308,120
390,069
108.54C
250.05(1
677.790
7U8.056
341.90
019.350
1,157,( 47
1.707,6o1
24,700 535.000 024.OQO
175.500 831.000 748.HC0
145,000 1.715.0'M) 2.284.346
435,50(’ 1,804,000 2,811,025
07,800
100,825
381,190
268.080
104,555
8 -.075
280.31*
277,597
48\841
388,n0O
1,"47.020
1.493.044
90,760
2.753,450 844.800
1,537,310 717.910 200,250
2.W1M.255 590,250
4,329,580 1,990,8031 007,410
26,900
10.030
08,900
40,804
4,096
3,050
12.071
12,« 48
100,423
117,900
464,59422.7u0
1,391,520
317,oni
4,312.88$
1,595.50O
8.WOO
11,820
23 95(
40,*99
87,000
150,157
2*2,4*3
338,c04
97.174
142.102
3(0.943
558,(500
03,134
143.00*
213, 98
390.' 72
80,788
128,353
222,678
1422,138
3.370
2.592
lc.298
8.00c
18,732
84,23''
109,003
380,29»
08 933
70,108
120,4*9
105.201
72,881
87,740
230,-353
215.387
*14,413
4,090
11,413
24 9P0
23.10(1
70,'-50
89,450
64,000
1"3.800
203.400
400.800
1.791,050 074.250
1 026,250 1,503,850
6.070,150 2,0CO.J-5o
0,257,750 4,112,450
82.0001
242.2001
372.000
752.000
2,300
11,400
27,500
48.000
17,000
112.920
17.00'
162,320
1,750.999
2.942.001
3,954.17 6
7,030,010
14,947 219.105
42.if 8 22H.8043.208 1,514,498
144,195 559.400
214,713
124.281
990,931j
140.014;
100,299
20,028
440.800
52,610
7.8*0!
12.082
29.101
12,082
3,331.60c
4.011.880
9.500,910
15,932.240
110,020 847.480
190.101
904,430
499,040 3,089,75(1
530.380, 1.190.280
42,030
4 wks. Alar.. 1897
332.500
4 wks. Alur.. 1H9*
loo.as;
Since Jan.l, 1897
840.500
Since Jan.l. 1890
305,005
Total nr ,»/,
4 wks. Mur., 1897 643.234 05,894.342
4 wks. Alar., 1890 00".839 10,042.001
Since Jan.l. 1897 1.020.763 10,908.153
Since Jan.l. 1890 1.872.25k131.474,594
8,395,0s ;
1.010,8r'0
87.259
3.951,450
114,054
45,4791
3,000
118,913
23,100:
1,700
1,700
5.772
1.800
28,198
8,100
9,880
329.000
42,000
890.500
60,248 f
11.078.002 9.700 479
10,010.337.12.014.042
37.942,516 34.797.453
33,540,190 32,353,00*
299,013
314,372
808.708
It will be observed that the decrease has been mainly
at Northwestern points, anrl the large and general losses
in earnings by the roads in that part of the country
are chiefly accounted for by that circumstance. The
THE CHRONICLE.
690
[Von, LX1V.
falling off in the fft tin move?meat iu the SBotiou 1897, against $6,863,754 for March 1896, but agains t
d to is well il lustmted by thei receipts at Chi- 65,104,685 for March 1895.
T$t
K AH.NINOS or NORTHWESTERN U H W ,
Wgo, for which pol nt W® have' the figures. for the
March.
1897.
©ten mlouth, As ag %tinit 19,299,734 bushels iuSt year,
1896.
1895.
1894.
1893.
1892.
tho r»<ocipts this y■©nr were on!Iv 12,275,460 bushels.
t
1
»
*
1
f
325,833 405418
8nrl.Ced41.ii No.
310.747
333,257
35?,610
361,538
It is *iroper to sav thilit the todal last year was un- Ohio.
427,553
Gt. West*...
456,911
2 4,870
337,857
378,811
4U.SS
tumillf large, the roo<-'1its in l S§5 having litmu only 3hlc.Mll.A 81.F, > 2,336,320 2,749,3!3 2,256.237 2,615,797 t 2,706,356 2,711,040
Mllwau.A
No..
S
( 145451
136,0 0
S ,?5M 180 bushels. ThiO followiing furnishes a com- Jblc. R. 1. & Pac. 1.237.493 1,275,661 1*197,83: 1,511,074 1,558,60S 1,403,388
Duluth
S.8.&
Atl.
152,360
119,570
•114,938
1
*’8,702
112,26
173,037
i
for
three
ye
purisox
K C E IT T * AT C H IC A G O D C R IS O M \KCII ANI> SINCE J A N U A R Y 1 .
Since January 1.
vm .
©ora..
,
QU* ■.
-
!
mid?1
IS07.
im
mmm
e,s*f,s4a
MS&SV8I
9i«6W] 188,1144
y m jm {
MBS.
MW!.
" 2,990.1.851 1,514,909
Jl&gooj
3,879*163j II,700,6901tO.583,493 10,025,228
i,uM'nl z$,8B7jmt 21.515,503 11,710.805
izs,smi 413300 408,068 ASS,8*1
jsuat' 4,143,080; 4*780,873[ 2,970,272
8*751*3S6'! 43,471*014' 53.i5.923 26,077,032
631.692- 597,038 720,870
2219
587
37$i
L‘ 21
16,117,318j 35.352,510 40,183,640 42,831,637
5,543,414*639.161 19,156,678; l?,449.'i85
7154861 3.049760 1,86?,«SI 2.380,187
.
171,«1?j
S?4j
480
lf.03S.2i4f i1.t23.S9Ij
0
,5
4
3
,5
3
0
]
l * ii- ... lb*.
1it« hogtHoj 570.0IS} 598,105!
There was also a loss in the live-stock movement in
the West. Of hogs the deliveries at Chicago, as will be
seen from the foregoing table, were only 576,018 head
in 1897 against 596.165 head in 1896. Taking all
kinds of live stock, the deliveries were 21,536 car loads
in M;uvh isiC against 22,556 car loads in March 1896.
N*>r did Southern roads have the advantage of any
increase of consequence in the cotton movement. At
the Southern out-ports the receipts were a little larger,
being 2*.i5,U'.» bales against 283,552 bales, but the ship
ments overland amounted to only 86,569 bales against
9§,790 bales iu 1896.
tvuB gmi®\
fiewr.. fefelfJ
a
e
c
zm.M ij
of
cotton
at s ou th ern ports in march , and from
J anuary 1 to Ap r i l 1, is 1837, 1898 and 1895.
Since January 1.
March.
ISfc?. j 1890* j
82.925
OahNM&oa •»
.tml n .
8 304
12,865
T«S£«Cl$.;r*&0.,..........
flew Orleans................ 100,902^ 105,431!
7,970,
M obile........A*,*,,,*,,,..
v jm \
8.410
4,828
f l o r i d * . . . . . .............
I7,3»B;
43,819
Savannah........
......
9476,
Brtsiwlcfc, Sec............
5,0*11
10,433' 10,7Of
Cbarletton.. . . . . ... ......
7,230- 11,592
F o r t R o y a l, & c . . .
sa w
5408
WUmmifton...................
13
|
20,9?4
34,786!
Bforfollt-... ..........
8,049
€02.
W©»4 P oin t, Sec... .
1895. | 1897.
1800.
1895.
Great Northern.. 1,251,307 1,885480 14-40,532
Iowa Ceutral......
182,502
172,171
123,370
Vitim.* St. Louis.
162,481
162,436
147,289
8t. Paul & Duluth
99,080
98,531
108,938
048,821
156426
M 1,845
95.064
1,251,<31 1,44 4,630
171,220
140.089
163,473
1004IS
131,858
119.310
Total.. ......... 6,089.513 0,883.754 5.704,685 0,154,706
♦Fourth week not reported} taken same as last year.
7.020452 7,132.924
On the Milwaukee & St. Paul the loss, it will be seen,
has been $413,021 and on the Great Northern $132,179 ; and most of the losses of any considerable amount
are found among this group of grain-carrying roads.
Tixe reason is that the movement of spring wheat was
greatly reduced as compared with the phenomenal
movement of the previous year. On the other hand,
while among the 126 roads from which we have secured
returns there are also a number with large gains, these
are more evenly distributed, coming from nearly all
parts of the country. Below we give a list of all gains
and losses above $30,000 in amount.
PRINCIPAL CHANGES IN liK O S S EARNINGS IN M A R C H .
© ecreaa es.
I n c r e a se s
$265,409 O M e . M il. & S t. P a u l . . . $ t l 3 . 0 2 7
Mexican Central . .
132,1 7 9
Chesapeake & Ohio—
Great
n
o
r
th
e r n .............
223,186
200,293 Mo. Kansas & T e x a s....
102,21 9
N. Y . Central _______
141,383 Burl. O e d .R a p .& N o r...
7 9,565
Missouri Pa title...........
65 ,926
141,361 W a b a sh ..........................Southern E tilw ay. . . .
Minn.
St.
P
aul&
5.S.M
1 1 ,0 9 4
11-7,138
M exican national 103,071 W e st. N . Y . A P e n n ........
Kan. City Fittsb. & G ulf
1 0 .3 1 4
Louisville A Nashville
39,669
100,805 [ow a Central..................
76,739 C h lo a y o R o e k l s l A P a e .
Oleve. Cin. Chio. &Sc. t,
3 8 ,1 6 8
Grand T r a n s ..........
3 7 ,4 2 2
62,066 D u l. S o . S h o r e * A t l . * . .
3 1 ,0 4 1
60,500 E lg . J o l i e t & E a s t e r n . .
Internat’l A Great Not
3 0 ,6 2 7
51,116 C h ic a g o & G r a n d t r u n k
Kan. City Ft. S .& Mein
3 7,997
St. Jos. & Grand Island
36,565
tnteroceanio (M ex,)*._
35,000
Mexiean Kail way*.......
31,257
Uu. Pac, Denv. & Gulf
30,579
M obile & O h io ............
07,O7ii 25021 181,311 367,385
Total (rep resen ts
Total (rep re s e n ts
10,0321 38,857 42,423 21,692
11 roads).............. $1,051,271
17 r o a d s ) ........... $1,709,763
103493 151,897 451.434 708,057 ^
ie,«3-i- 73,070 55,683 01*628 * F or three weeks only.
8891 32,500
10,417
7,105
The Southwestern roads on the whole show improved
50,789 172,142 171,8.2 196,3 '0
3 840 25,855 26,831 39,043
results,
though there are a few like the Missouri Kan
28,0851 04454
57,860 99,33-1
8,^85 12,880
3 \30O 61,075 sas & Texas, the St. Louis & Southwestern, &c. . which
8,418 27,162 2',8f8
29,579
20
163
in
116 hare suffered from the had condition of the country
ta n s. 111.0 5 115,399 120,008 roads, and consequently fall behind.
18,930(
3,833 23,050
74,772
BARM IN,>3 O F S O U T H W E S T E R N G R O U P
295 17«! 283.552 459,257 1,269429 l, 193,404 1,787,190
March.
to contend against that the gain of 8610,441 must be
regarded as very satisfactory. The gain follows an in
crease last year and also a small increase the year
b e f o r e , a s w ill b e s e e n b y t h e f o l l o w i n g .
Marninn*.
Tear
6Hrtn.
Year
Preceding
Ttar
Given.
l m ■t.06 rernda},.....
mu*.
103,107
98.640
100.781
82.222
96,895
Mile*.
101.170
96.1as
100,700
91.859
96,201
t
10,587,619
39,141,981
39.210.00*
37.250,670
38,780,517
«r»*e*A 1 u Wtr, 31.
1093 lit? frmO.f).,.,,.
W l :im fO«4*L...
Max. 132 mM M ......
108*5 flfS
1007 fits
..
99 80S
88.870
100,181
mMt
m 758
97,961
m su
100,700
01.819
March,
UP3tJ*9rcad«)..,»«.
im i (ita ro«d#)„.,..
a s t m i l l .......
Year
Preceding
Increase
or
Deere sc.
»
47,348.880 Tnc.
45.010,30j Dec.
33,995.10? Inc.
85,674,290 Die.
38489,108; tnc.
t
2.218,739
5,877,414
214,897
1,576.371
010,441
131 821,2 4 13J.2H 518 Inc. 3.57-2,030
IW-I7J.7U1 I2l,3-.S.t32 Dr. 15,88<).412
110477.314 iW.aO.83l D «. 271,010
110*478,808 Io0.ftl7.B80 Inc. 0,033 080
110, iOft/'Si US I00J88 <Uc. 2,057.031
wh >]<?, tip poorest comparison of any, but that results
from the fact, that t.he same group of roads had very
i irge gains the year before. The Minneapolis & St.
Louis, the H' isconsm Central and four minor roads
are the only ones that run ahead of their last year’s
totals.
I’i,. nine roads included in the subjoined
table show gross receipts of but 86,089,513 for March
1897.
1895
1896.
1894.
1893
1892.
>en.&RLoGr,
Int&Gt. No..
K..C.F.8.& M..
Vto, K. & Tex.
Mo.P.&Ir.Mt.
6t, Jofl.&G.I..
3t.L. Southw.
raxan 4 Pac.
»
514,000
f 287,370
a 369,615
7 *0,64?
1,931,000
85,563
340,700
409*919
t
639,100
+220,876
a 315,496
888,806
1,789,617
47,550
301,841
492,491
f
f
481,787
480,408
270,83;
256.831
839,518 420,370
928,047 744,190
1*900*931 1,975,000
60,634
68,883
399,3«3
804,511
&:o,96?
601.804
J
731 801
330,563
513,481
008,122
2,296,80?
89,403
444,083
530,420
1
698,733
282,857
485,608
031,399
2,169,488
Total..........
4,814,850
4.661,840
5,004.169 4,812,003
5.659,078
..........
381,973
682,458
four weeks of the month as reported in the weekly returns; the month’s
earntnsrs equally exceed the weekly estimates quite considerably,
t Galveston Houston & Henderson not included for these years.
Southern roads also have quite generally done w ell;
half a dozen roads form exceptions to the rule, includ
ing the Central of Georgia, the Alabama Great South
ern and the Norfolk & Western.
HAtiStNQH OP SOUTHERN OROUP.
March.
1807.
1896.
1895.
1894.
1893*
1892.
t
t
$
*
I
Che,, ft Ohio......
Georgia.........
Kan.C.Metn.&Blr,
Loultv. ft Nashv.
vtemphia&Char..
Mobile & Ohio....
Nash.'^hat.vfe 3t.L.
Norfolk Sc West...
Sauth’u Railway.
t
1,0 '5,884
131*758
05,021
1,681,735
♦103,778
318,908
+404.913
873,805
1,085,312
Total . ..
0,331,140
747,120
740,719 87(5,808
812*700 809,151
123,941
121.119
121,293
130.C4A 123,245
82,950
80,571
00,217
101,81(7
80,842
1,580,930 1,609.109 1*668,490 1,892,514 1,758,407
101,617
90,685
123,905
105.840
130,938
281,322 280,129 287,206
288,329
281,613
419,408
394,072
408,320
438,115
404,943
774,249
897.437
875.615
816,254
940,932
1,543,951 1,503,118 1,562,470 1,685,778 1,635,418
5.R34.740 5,707.556 6,777.670 0,489,157 5,959,024
f M onth o f M arch n o t re p o rte d ; taken gam e as last year.
A pr il
THE CHRONICLE,
10, 1897.J
For the East and West trunk lines, so tar as we have
returns from them as yet, the exhibits are rather ir
regular, the gains outnumbering the losses however.
EARNINGS OF TR UNK LINES.
1897.
M an h.
1S95.
1896.
$
B. A 0. S.W | 517,96«
Oh. A Miss.
C.C.C.&St.L 1,067,K1
G.T.of Can. 1,465,118
258.551
Ch.&G.T...
82,015
D.G.H&M.
N.Y.C.4H.+ 3,799,597
9:6.436
Wabash__
530,697
1
536,"3f*
990,362
1,'403.052
289,178
73,579
3,599,304
1.C02.362
1,102.301
1,419.451
233,879
79.476
3,718,420
1,015,428
%
1894.
1893.
1892.
$
1
537,085 ( 221,321
< 359.72’
1,055,312 1,202,446
1.520 117 1,683,683
263.229
328,130
94,840
88,645
3,547,767 3.965,4^4
1,007,539 1.135,18'
Total....... 8,126,781 7,838.534 8,105,194 8,019,724 8,990.794
♦Inrila Jes Roue 'Vatertown t Ozdensbars? for all the year?.
1
218.299
358.989
1,178,795
1,681,921
369,394
103,469
3,577,284
1,134,704
8,60?[855
What has been said of the trunk lines is true also of
the other roads in the Middle and Middle Western
States, with this difference, that in this case the losses
greatly outnumber the gains.
BARNING8 O F M ID DLE AND M ID DLE W ESTERN R O ADS.
1897.
March.
1860.
1896.
1898.
1894.
1892.
t
*
*
*
*
*
Ann Arbor...........
98,517
89,420 101,482
83.608
106,375
89,757
Buff. Roch. A Pitt.
244,410 231,106 255.964 223,774 274.089 230,006
Chicago A East. 111. 327.C63 342,868 289,420 28 f,221 368,980 326.063
,893 141.187 180,443 107,443
Ohlc. A West Mich. a 129,266 al2\013; J4W
Col. H. V. A Tol.
188,920 209,* 87 173,219 219,920 275,622 234,805
97,600
96,631 H7/.76
Det.Gr.Rap.AWes. a99,272 a8-\€93
98,118
92,562
"0.691
85.731 101,20.3 107,145 10*,034
Evansv.A Terre B
Flint A P. Marq...
?46,820 216,012 236,257 253,758 283,801! 307,539
Gr. Rap.A Ind......
210.427 225.E09 238,949 210.980 282.436 287.539
Illinois Central*.. 1.726.161 1,724,831 1,694,298 1,007,32* 1,805,707 1.089,737
269,644 274,924 294.572 268,824 334,909 270,075
Lake Erie A West.
239,608 233.928 267,608 211,334 270,836 268,466
Long Island........
119.975 122,254 110,606 129,350 165.863 332,743
Lou. Evans.A St.L
2*7.764 258.716 298,024 2; 8,360 314,196 251.010
N. Y. Ont. A West
201.013 22 ,262 130,140 201.C26 2>7,442 183,886
Plttsb’g A West’n.
128,721 144,700 131,529 125,544 180.701 182,677
Tol. A Ohio Cent.
77,853
+76,603
82,310
82,525
Tol. Peo. A West.
73.709
81.858
174,374 153,105 148,f 63 158.191 168.001 175,531
Tol. St. L. A K. C.
West. N. Y. A Pa . 197.701
238,014 250.595 257,172 320,007 266,628
79.018
86,272 117,760 10f,818 125,735 105,259
Wheel. A L. Erie..
Total.............. 6,124,529 5,108.345 5,212,533 5.039.324 £.958.061 5.412,5.0
• Include* the operations of the St. Louia Alton A Terre Haute for all
the years. + Fourth week not reported; taken same as last year.
a Figures here for 1897 and 1896 are simply the totals of the earnings for the
four weeks of the month as reported In the weekly returns; the month's
earnings usually exceed the weekly estimates quite considerably.
As for the Pacific roads, we have only the returns of
Canadian Pacific and the Northern Pacific, both show
ing small gains.
EARNINGS OF PACIFIC ROADS.
March.
1897.
1896.
*
«
Cacad’n Paciflc- 1,509,000 1,5' 3,003
North’n Paciflc. 1,350.432 1.883,773
Bio Gr. West’n.. •178,100 179.300
Total............. 3.037.532 3,010,070
* Fourth week not reported; taken
1895.
1894.
1893.
1
$
$
1892.
1,193,259 1,332,119 1,568.482
1,239,562 1,111,197 1,698,511
160/02
148,023 179.720
2,599.423 2.011.944 3.440.713
same as last year.
$
1.589,799
1,878,078
ieo,eo7
3,659.084
GROS8 EARNINGS AND MILEAGE IN MARCH.
Gross E a rn in g s.
N am e o f R oad.
1897.
Alabama Gt.South'n.
Ann Arbor................ .
Atlantic A Danville.
Balt. Ches. A Atl ...
Balt. A Ohio South w.
Blrrn’ham & Atlantic
Buff. Roch. A Pittsb..
Bari Ced. R. & No...
Canadian Pacific.......
Carolina Midland___
Central of Georgia
ChesaneaKe & Ohio.
Chic. A East niinois.
Ohio. Great Western
Cnio. Mil. A 8t. Paul.
Chic. Peo.A St. Louie
Chic. R. Isl. A Pao..
Chic. * West Mich..
Cin. Georg. A Ports.
Cin. Jack. A Mack ...
Cln.N.O.ATex.Pao.
Clev. Canton & So.
Clev. Cln.Ch.A St. 1.
Clev. Lorain JtWheel
Ool. Hock. Val. <St Tol
Ool. San’ ky. A Hock.
Colusa A Lake.........
Denv. A Rio Grande..
D. Moines No A West
D. MomeaA Kan C.V
Det Or.Rap. A We~t
DuL So. Shore A Atl.
Klein Joliet * East
Evansv. & Indianap.
1896.
*
$
118,474
123,520
106,375
98,517
45.984
44,541
31,800
28,024
517,960
530,697
2,065
1,588
214,4U
231,106
325,83 5
405,418
1,509,000 1,503,603
5,018
3.565
421,070
393.528
812.70
1,035,83'
327,063
342,868
427,55.'
456,941
2,336,32t 2,749.353
70,33
84,000
1,237,493 1,275,661
129,26b
120,**13
4,154,721
57,120
60,013
289.52*
280,919
55.06*.
50,113
1,067.101
990,362
89,5?* 2
99,132
188,920
209,687
56,863
55,656
1,15*
7o0
514,00
539,10'
29,69!'
39,781
8,26
6 ,5 6 1
99,27
82.693
72,96
1 0,39*
100,151
134,195
19,79'
25,453
In crea se or
D ecrea se.
Mileagt
1897.
- 5 046
310
307
+7,85+
+ 1,443
278
+ 3,776
88
—12,731
921
+ 47
22
340
+ 13,301
—79,58
1,136
+ 5,397 6,476
55
+ 1,453
—27,542 1,528
+223,186 1,360
545
—15,80
—29,38*
928
—413,027 6,151
—13,66!)
222
- 38,100 3 .5 7 1
+9,253
576
42
—56;
-2 ,8 :-3
349
+8,60?
336
+ 4,949
210
+76,73!- 1,83192
-9 ,5 5 0
34*
—20,76
+ 1,207
273
+450
22
-2 5 ,1 0 0 1,66*
—10,082
15*
+1,701
112
+ 16,579
33 *
—37,42*2
58*
—34,04
189
156
-5 ,6 5 7
1816.
310
3e7
278
88
921
22
340
1.136
6.44 4
55
1,521
1,360
521
928
6,168
222
3,571
576
42
349
336
210
1,838
192
329
273
22
1.666
150
112
334
587
189
156
691
Mileage
Gross E a rn in g s.
N im t or Koaa.
1897.
$
Evansv. A Richm’d.* |
3,038
Evansv. A T. Haute.
70,691
Flint & Pere Marq..
246,826
Fla. Cent. A Penin..
20 2,676
Ft. Worth A D. City.
75,581
Gadsden A Atl. U n..
699
Georgia.......................
131,758
Georgia A Alabama*.
60,078
67,653
Ga. South. A Florida
Gr.Ranids & Indiana
164,483
Cin. Rich. & Ft.
33,945
3,560
Traverse City..
8,439
Musk. Gr.R.A Ind..
Gr Trunk of Canada. | 1,465,118
Ohio. A Gr. Trunk.
258,551
Det. Gr.Hav. A Mil..
32,015
Cin. Sag. A Mack..
9,03
Tol. 8ag. A Musk..
9,095
998,543
Gt. N o.-S . P. M. A M.
Eastern of Minn.
88.906
Montana Central..
165,858
10,238
3,673
Gulf & Chicago..
1,726,161
Illinois Centrait.
19,873
287.376
Interoceanic (Mex.).*
168,24 5
Iowa Central..............
132,502
Iron Railway..............
3,146
32,945
Kanawha A Mich___
369,615
Kan.C. Ft. 3. & Mem .
Kan. C. Mem. A Bir..
95,021
Kan. City & N.W. . ..
30,67
1«,495
Kan. itv & Omaha.
Kan.C.Pittsb. A Gulf.
156,490
30.2C 0
Kan. City 8ub. Belt
Keokuk A Western*..
21,314
Lake Erie All. & So.
6,272
Lake Erie A Western.
269,64 >
Lehigh A Hud. River.
26,013
239,608
Long Island...............
119,975
Loulsv. Evans. A St.L
Louis v.Hend A St.L..
39.869
Louisv. A Nashville.. 1,681,735
5.270
Macon A Blrming’in.
5,576
Manistiane.................
Memp. A Charlest’u*
69.105
Mexican Central....... 1,133,21
506,880
Mexican National..
217,500
Mexican Railway*...
43,560
Mexican Southern*..
162,481
Minn. A St. Louis___
Minn. 8t P.AS.Ste.M.
262,173
786,647
Mo. Kans. ATex.sys.
Mo. Pao. A Iron Bit.. l f‘ 4 8.00"
83,000
Central Branch___
19,530
Mobile A Biriu'gham'
mooile A Ohio............
318,yOe
. T.Cen.AHud.Riv.
3,799,697
287,764
N. Y. Out. A West___
Norfolk A Western..
873,805
Northern Paoitic....... 1,350.432
Ohio River..................
73.2* 8
18,762
Ohio River A Char...
Ohio Southern...........
56,523
312,794
Oregon RR. A N a v..
Peo. Dec. A Evansv.
72,578
4,104
Pittsb. Lisb. A West.
Plttsb. Shen. & L. E ..
41,801
121,533
Pittsb. A Western__
til,720
Pittsb. Clev. A Tol
Pittsb. Pa. A Fair..
18,360
Quin. Omaha A K. C ..
25,936
27,173
Kio Grande South’n.
107,400
Rio Grande Western*
85,553
St. Jos. A Gr. Island..
St. L. Kennett A 8 0 ..
3,785
8t. Louis Southwes’n
340,70
99,08*»
8t. Paul A Duluth___
2 1,934
Sher Shrev.A South..
1,930
So. Haven A East’ n.
1,085,312
Southern Railway...
11,493
Texas Central.*.........
499.959
Texas A Pacific.........
Tol. A Ohio Central..
128,729
Tol. Peoria A West’n*
53,271
174,374
Tol. St. L. A K. City
Un.Pac. Den. A Gulf.
269,255
Wabash........................
936,436
197,700
West. N. Y. A Penn..
79,018
Wheel. A Lake Erie..
Wisconsin Ceutral...
341,991
1896.
$7,163
92,552
246,042
184,232
72,926
84*1
123,941
32,787
63,498
172,142
38,103
3,340
11,924
1,403,052
189,178
73,579
10,947
5,427
1,102,120
131,730
151,636
6,833
2,823
1,724.831
26,265
226.876
131,680
172,171
4,475
30,676
315,499
80,842
20,503
6,443
54,419
22,533
24,127
5,883
274,924
32,452
233,92122,254
36,419
1,580,93'
4,434
12,199
66,944
867,803
399,444
182.501
33,08 s
162,426
303,267
889,866
1,736,974
52,643
16,113
208,329
3,599.304
258.71*
897.487
1,333.773
76.102
17,730
63,418
283,342
72,19*
3.376
45.351
131,349
60,375
20,530
25,778
32.964
108,600
47,556
4 879
361.041
103,938
18,186
l,i8 7
1,543,951
13.513
492,4V# l
144,706
58,924
153,105
234.9 >8
1,002,362
230,014
96,272
333,849
38.799,547 38,189,106
Increase 01
Decrease. 1897.
$
—4,125
—21,861
+784
+18,444
+2,655
—145
+ 7,817
+27,291
+4,155
—7,659
-4 ,1 5 ?
+ 220
- 3.485
+ 62,066
—30,627
+8,436
—1,917
+3,668
—103,577
—42,82'J
+ 14,222
+3,405
+85)
+ 1.-+8'
—6.392
+ 60.50*+36,56:
—39,669
-1 ,3 2 9
—5 ,7 3 1
+54,116
+ 14,17i+ 10,17"
+ 12,052
+ 102,071
+ 7 ,6 6 '
-2 ,8 1 ?
+389
—5,28(
—6,439
+5,680
—2,279
+3,450
+ 100,80f
+ 836
—6.62.v
+2,16i
+ 265,40
+ 107,436
+35,000
+ 10,471
+55
—41,094
—102,21!
+ 111,026
+ 30,357
+ 3,477
+30.57?
+200,293
+29,04*?
-23,68*^
+ 16,659
—2.894
+ 1,032
—6,895
+29,#52
+381
+728
—3,550
—9,816
-6 ,6 5 5
—2,17?
+ 158
—5,791
—1,200
+37,997
—l,0 9 i
-2 1 .14 1
—4,858
+3,748
+ 443
+ 141,361
—2,020
+7,468
— 15,97
-5 .6 5 3
+ 21,269
+ 34 257
—65,926
-4 0 ,3 1 4
—17,254
+ 8.145
1896.
102
167
654
940
469
11
307
45t
285
43b
86
26
37
3,512
335
189
5S
117
3,720
72
25t
65
62
3,12?
15.
775
53
50!'
20
173
961
276
153
194
523
35
148
61
725
90
37?
372
166
2,974
97
44
330
1,860
1,219
321
227
3S0
1.168
2,197
4,936
388
149
687
2,395
481
l,57*i
4,497
215
207
221
1,059
33i
25
18.*
227
77
61
139
180
52
251
20
1,223
248
155
37
4,803
178
1,499
371
248
451
974
1,936
651
24?
894
102
167
637
940
469
11
?07
265
285
436
86
26
37
3,513
335
189
53
117
3,720
72
256
65
62
3,127
152
775
531
497
20
173
961
276
153
194
339
35
148
61
725
90
378
372
166
2,956
97
44
330
1,860
1,219
321
227
370
1,168
2,060
4,936
388
149
607
2,395
477
1,570
4,497
215
207
226
1,059?
331
25
183
227
77
61
139
180
520
251
20
1,223
248
155
37
4,752
176
1,499
367
248
451
974
1,935
651
247
894
+610,441 96,895 96,204
* For three weeks only.
t Includes Sfc. Louis Alton A Terre Haute for both years.
I Earnings of Galv. Hons. A Henderson are excluded for both years.
GROSS EARNINGS FROM JANUARY 1 TO M AR3H 31.
Xante of Road.
ilabama Gt. Southern.
Ann A rbo r.....................
Atlantic A Danville . . .
Balt. Ches. A Atlantic..
Balt. A O. Southwest...
Birmingham A Atlantic
Buff. Roch. A Pittsburg.
Burl. Ced Rap. A N o...
Oanadian Pacific............
Carolina Midland...........
Central “ f Georgia___
Chesapeake A Ohio.......
Ohio. A East’n Illinois..
Chic. Great Western...
Chic. Milw. A St. Paul..
Chic. Peo. A St. Louis..
Chic. Rock Tsl. A Pac...
Chic. A West Michigan.
1897.
$
381,063
300,631
123,743
75.600
1,452,7*25
5,344
730,579
935,241
4.094.01*
17,056
l,3 77 ,l3r
2.729.842
988,26!
1,136,*21?
6,466,514
203.492
3,329, i 35
341,479
1896.
*
354,646
272,672
127,64
77,297
1,498,516
5,563
705.282
1,149,363
4,303,657
14.427
1,463,637
2,534,334
1,017,430
1,205.451
7,384,654
241,385
3,576,096
347,068
Increase.
$
26,417
27,959
Decreate.
*
"3 .9 0 4
1,697
45,791
219
25,297
2,629
214,122
209,639
........
86,499
195,508
918,140
37,893
246,901
0,189
THE CHKOxMCLE.
t>92
Jn ereas.
r
C ot Sao'V f A UlNwia#. !
Colttlt A tak# . . , ____
D « i , A Rio O raade. —.j
B e . Mi>ta.*A Kiiu.Ctty*
IV*
N - A Wp.*. !
<*r.
.1 Wo<t! j
Du; so . sn ore .% Atl
Ehrio J o lt s A East.......
Evan.** A Iiniiw»a|K)llf.j
Kv* h*\. A Richmond* j
Evans.*, A Terre Haute,
Flint A Pens M *rau«tt«.!
Pla i> o t. A PenltMuiltir!
Ft, W orm * Deuv. City
OMUdlO A A 'a lti III).,. j
Oeorttia.. .................. . . .
Gvxirxla A Alabama*. . . . j
On, Soutli’a & F lorida..
Or. ttaoids A Indiana. .
(an. Rioli.A Ft. Wayne j
Traverse City..............
Mas. Gr. K. A tod.
Or. Trunk o f C anada...
Cldc. ,fc Gr. T rank.......
Dot. Gr. H. A Mtlw...
Cln. r n i. A Muck . . . .
Toledo .Sue A Mnak.
Qmu! S or, Mt. 1*. M.A M.
Eastern o f Minnesota.
Montana Central.........
Quit Beaumont A Clilc,
O n if * Oilcan*)..............
nitnoSs Ccntrult............
Indianal>ec. A W est.*.le t. A Great N orthern..
Intarocentsie (M ex .l*.,.
Iow a Central...................
Iron Katlway...................
Kanawha A M ichigan- .1
Khssas C. Ft. S. A Mem . |
Kan. City Mem. A B tr ..
Kansas City A N. W .......
Kansa* City A Omaha.
Kan. City Fitts. A Gulf.
Kansas City 8nti. Belt .
Keokuk A W estern*___
L. Erie Alliance A Bo...
la k e Erie A W estern...
Lehleh A Hudson River
Unisr Island....................
Boutav. Evausv. A St. L
Lonlftv. Hend. A St. B ..
Louisville A N ashville..
Macon A Birm ingham .
M anistiaue....... ............
MempOia A Charleston*
Mexican C entral.......
Mexican N ational___
Mexican R a ilw a y ...
Mexican Southern*____
Minneapolis A St. Boult
Minn, St. p.A 8 . 8t«. M.
Miisaourl K . A T ex. ays..
Mo. Pacific * Iron M t..
Central B ran ch ... .. .
Mobile A Birmingham .
Mobile A Ohio.................
Jt, Y. Cent. A Hud. Riv.
K.Y.Ontario A West’ n .
S orfolk A W cistern........
Northern Pacific............
Ohio R iv e r.....................
Ohio River a Charleston
Ohio S outhern. ..............
Oregon Ry. A Nav’o ___
Peoria Doc. A Evans,-.
Pitta BI-t) A West
.
PlUeb. 8hen. A B. Erie.
Plttaburg A W estern__
Fit tub. Oieve. A fo l...
Plttsb. Pulne*. s F*pt
Rio Grande Southern ..
Rto Grande Western'
S t Jos. A Grand Island.
8t. i. Keonett A South..
S t Ixiut* Southwestern
B tF a u l A Duluth.........
Sherman Shrove. A 8 «..|
South Haven A Eaet'n ■
Bonthera Railway
1
Texas Central*.............. ]
Texas A Pacific___ . . . . .
TMedo A Ohio C entral. j
Toledo P eoria * Wast’ o*!
To!. S t B. A Kan. City..
Union Far, Den, A Gulf
W abash.. . . . . . . . . . . .
West. N, V. A Pa...........
Wheeling A B »k« Erie
W isconsin C entral.........
T otal U 25 ro w1»».
*« t decrease...
tg .S 'o !
12,019
171,215;
181,420
814,S2‘»'
324.076
13:1,32 ‘
142,95
3,063 3 0
3,109.292
286,6971
3*7,304
682,057
524,7821
178.527;
17e,093
2,701 |
3,*0>
1.023.149
1,435,058
22,968
30,783
113,915!
92,< 67
237,872)
269.955 [
388,326
385,696
343,7051
273.370!
7.1,852
59,471
19.-44
12,719
281,145
234,815
69 4,074
868,992
495,966
5f4,'Oi*18.776
228.7 7S
2,606
2.06428,279
. 428,94V
135,644
2461011
22fi,897
214,533
480,672
439,501
105.132
91,385
11,24
9 ,8 1»
31,741
21.348
3 ,9 8 2 ,-1 1 3,933,3 i6
801,500
728,577
206,094
22B,80f
30,682
24,512
15.135
24,405
2,834,844
2,583.421
359.76
260.956
450.172
462,069
15,671
20.381
10.057
11,326
5,400,738
5,105,21
106,40
90.003
756.«73
830,837
474.683
566,014
506.974
375,97r
12.57
10,154
115.947
111,478
1,084.032
1,119,006
2^6,442
313,715
66,902
94,t93
60,09i
22,158
151,501
357,315
63,607
93.587
92,645
75.583
18,303
20,377
838,85,
790.021
81,630
93,879
631,219
623,354
341,657
318,902
L04.123
107,85 '
1,886,037
4,*52,079
17,747
17,213
33,408
20,094
301,959
273,943
2,46 ,362
3,214.337
1,180 822
1, ■‘92 217
672,500
793,500
118,202
152,8 9
425,12456,680
786 t9K4
679,4-1
2,623,91;
2,821,651
5,386,00*
5,273,508
2-9.000
168.935
65.65fc
71,025
877.761
967,307
10,241,1X10 10,281,9 i )
-0-2,867
763,88 1
2,770,974
2,515,36
3,652,726
3,338,805
198,871
221,414
55,078
52,589
153,575
193,299
869,-5*
951,574
215,051
217,95;-!
11.080
10,331
i 10.087
140,117
321,631
339,709
178,6310.-.715
18,109
-11.546
77,699
103,86c
*110, «74
419,871
144 033
1:00,781
13,155
14.606
1,101.2* 0
1, 19,210
278.872
29 1.581
7 2,4-i 6
68,92b
4.904
3,625
4,997,605
4,822,108
4 8 ,m
55,475
1 J I.-.3 8
1.675.726
391,249
4 27,64b
■Ml*. 1 ’ 3
230.102
521,019
452,5*2
*?5L887
882,148
2,634,355
2,905,14'
509,929
628,913
280,542
12 ,343
030,567
908,808
1 1u, 406,054 T 1 2,463,088
D eer use.
*
1,531
9.795
9,754
BY
F A IL U R E S B Y B R A N C H ICS O F B U 8i NKSS— F 1UST Q U A R T E R ,
J a n u a ry l to March 8 1.
Manutacturer».
1*90.
No. jLiabilities.
No.
_ .
Liabilities] No.
isi.\
Liabilities.
3 ,6 2 8
45,912;
1,100
29,303
97,245
2,434
188.091
'7,795
32.083
'2 1 3 7 8
122,830
69.835
14 376
7,129
56,330
34,382
58,412
12,999
S3a
' ” '070
110,30
6,131
4 1 .1 0 '
13,747
1,426
6,892
49,256
77,9*23
'22,70
" 6,070
''9 ,2 7 0
25.1,420
98,813
11,897
10,710
1,269
4 47/
73,964
91,341
34.974
17,373
27,191
37,932
205,814
19,980
16.344
130,996
2.419
4,469
... .
17,062
2,074
48,831
12,249
7,865
22,755
_____ _ _ _
3,532
747,975
211,395
121,000
34,117
112,492
90,065
S,36‘n
89,54
3 3 ,9 -x
334
4,314
31,016
31,553
107,539
197,740
42,911
38,98b
-i r,
1,346
255,6 >5
31--.921
22,543
2,490
39,724
81,719
2,902
30,Of 0
18,078
15.920
4,563
i6.1 61
2 i,0 l3
116,691,351
3,540
1,278
124,5 -,i
l l o . o i0
14,715
6,764
12,632
36,400
30,689
68,4/7
70,749
11,759
Iron foundries and nails..
Machinery and tools,.. ...
WooT ns, c ’rp’ tsAknit poo (Ia
Cottons, lace and hosiery..
Luinb’r.ettrp’nt'rsA eoop'rs
Clothing and millinery.
Hats, gloves and furs.
Chemicals, drugs & paints.
Printing and engraving*..
Milling
rilling and
a “ 'bakers.
*
Leather, shoes & harness
Liquors and tobacco.......
Glass, earthenware & brick
All other
Total manufacturing...
Traders,
General stores.................
Groceries, meats and fish .
Hotels and restaurants....
Liquors and tohitceo......
Clothing and furnishing...
Dry goods and carpets, ...
Shoes, rubbers and trunks.
Furniture and crockery...
Hardware, stoves & tools.
Drugs and p aints.....,,,..,
.Jewelry and clocks............
Books and pacers.. .......
Hats, furs and gloves......
Ail other.......... . . . . . -----
20,328,991
505
2,6PM R&
’280
1,46-1/108
6461 3.674,S&?
106c 7f>7tlie
271.085
28,9»4
57.199
3,063,769 5,120,803
2,057,034
BRANOMB8 OF TRADES.
'
1>r*>v« nor, the editor ot Dun's Review*, has
kindly furnished m with the following- statement showing
111" failures in the United States by branches of trade for
t he ju-riod from January 1 to March 31 during the last three
m\
3,880,7/2
238 ! 1,983 888
2071 2/64,525
1671 1,080.702
107j
175
149
945.49?
1,51-,381i
117,4751
4/48, L0i
391,HO1
4.228,549
Total trading.............. 8/78 24^016,604
81 1,549 163
Brokers and transporters.
31,424,31y 3,107 23,490. i 2ft
44 2,090,203
2,403,49?
57.425.135 3,802 47.813,0811
Total commercial---- -- 8,982
51 4,75U*72;
71 12,744,650
Banking.............................
30 13.482.53
Note —Iron, woolens and cottons Include all toe branches of those manu- •
laetures; machinery includes implements and tools; lumber includes saw,
planing, sash and door mills, carpenters and coopers; clothing includes millinery
and furnishings; hats include furs and gloves; chemicals include drugs, fertili
zers, paints and oils; printing and books include engraving and maps; milling
includes baking; leather and shoes include makers of harness, saddlery, trunks
and rubber goods; liquors include tobacco, wines, brewers and beer; glass in
cludes earthenware, pottery, brick, lime and cement; groceries include meats
and fish; hotels include restaurants; dry goods Include carpets and curtains;
furniture includes crockery; hardware includes stoves and tools and jewelry
includes clocks and watcher Brokers include all real estate, note, insurance
or produce dealers whose main business is not the handling o f actual products,
with mortgage and other loan concerns, and transporters include all except in
corporated railway companies
S T oa i E xc h a n g e Ol r ar in g -H oose T r an saction s .—The
subjoined statement includes the transactions o f the Stock
Exchange Clearing-House from March 29 down to and in
cluding Friday, April 9 ; also the aggregates for Janu
ary, February and March in 1897 and 1896.
■T O O K B X O H A N G E C L E A R IN G R O U SH T R A N S A C T IO N S .
- -Shares, both sides.—. --------- Balances, one side-------- Sheets
Cleared Total Value,
Shares. Value Shares, Cash. Cleared
I N i» « $
9
$
1,014.300
88.400,000 1,445,000
0,87fl
January.. 15,298,500 987,700.000
February, 17,004,900 1,O08;OOO,OOO
* " ' —"
1.905.500 108.S0O.OIM) 1,S64,4C0 0,281
Hard].... 18,676,000 1,088,000,000
1.031.500
81,000.000 1,453,800
8,811
»m 08,.,
1897Jannary...
February.,
aareb.
48)978,400 3,102.900,000
13,000,700 778,000,000
10,223,800 709,500,000
18,141.000 1,270,700,000
3mos, . 40,386,300 2,758,200,000
^Shares, both sides —,
Cleared. Total Value.
1897S
Mar.29 1,232,200 82,200,000
30. 1.331,200 85.700.000
“ 8 1 .. 943,800 62.900.000
Apr. I . 959,000 08,40 ,000
*• 2 , 773,600 57,000,000
5,152,200
1,486,600
1.090.500
1,916,700
288,700,000 4,202,200
18,918
74.000,000 B0«8,900
59,500,000
879,400
113,200,0001,559,200
5,900
5.248
7,195
B438.700
247,000,0008,007,500
18,313
,--------Balances, one s id e .------ . Sheets
Shares. Value Shares. Cash. Cleared
$
$
127.600
7,100,000 122,300
343
139,100
7,100,000 115,100
347
100,500
5,800,000 78,900
322
92.500 5,300,00u 99,900
332
65,200
4,000,000 «3,50,i
315
Tot. wk. 5,239.800 356,200.000 521,900 29,300,000 479,7(0 1.659
Wklastyr2.695.000 179,200,000 292,900 16,900,000 239,800 1,254
93,700 5,000,000 67,300
328
Apr. 5
997,000 63.800,000
294
55.400 3,*00,000 55.700
•• 6 .. 610,700 44,500,000
40,700 2.900.000 38.700
288
*< 7 ., 506,000 40,200,000
281
41,500 2.900.000 49,100
**
8
477,900 39,500,000
307
67,200 4.500.000 92,200
“
9 „ 757,900 61,300,000
rot.wk. 3,349,500 254.300,000
Wklastyr2.849,900192,400,000
hr- <■ weeks only in March.
lad
6 t Bonis A lien A Terre Haute fur both years.
FAILURES
|Vol. LX1\.
298,500 13,300,000 303,500
308,000 18,200.000 277,000
1,498
1.491
The stocks cleared now are American Cotton Oil common,
Am erican Spirits common and preferred, American Sugar
common, American Tobacco common, Atchison common
and preferred, Baltimore & Ohio, Central of N . J ., Chesa
peake & Ohio, Chicago Burlington & Quincy, C. C. C. & St.
L ., Chicago Q-as, Chicago Milwaukee & St. Paul common,
Chicago & North W estern common, Chicago Rock Island &
Pacific, Chicago St. Paul Minneapolis & Omaha com
mon, Delaware & Hudson, Delaware Lackawanna & W est
ern, Brie, G-eneral Electric, Lake Shore & Michigan South
ern, Louisville & Nashville, Manhattan, Missouri Kansas &
Texas preferred, Missouri Pacific, National Lead common,
N ew York Central. N ew Y o rk Ontario & Western. N ew York
Susquehanna & Western preferred, Northern Pacific pre
ferred, Pacific Mail, Reading, Southern Railway common &
preferred Tennessee Coal & Iron, Texas & Pacific. Union
Pacific, United States Leather common and preferred, United
States Rubber common, Wabash common and preferred,
W estern Union and W heeling & Lake Erie common.
P % a tte la r g s © m a w £ r c ta lj§ n 0 lis B 2 p w s
L o n d o n , S a t u r d a y , M a r c h 2 7 th , 1897.
[From our own correspondent.]
There is a somewhat calmer feeling all over Europe this
week. Lord Salisbury, who has been suffering from influ -
AiKIL 10, 1897.]
THE CHRONICLE.
enza, has just started for the Riviera, and it is naturally
argued that he would not leave the country at such a time if
there were any serious danger of the outbreak of war.
Moreover, it is understood that he will have an interview
with the French Foreign Minister in passing through Paris.
Much hops is entertained that this will result in a better un
derstanding between this country and France than has ex
isted since the Arabi meeting.
There is a remarkable change of feeling in France, and
lately much less value is attached to the Russian alliance, and
a much stronger wish is expressed for an entente with Eng
land. In this country there has always been a desire to work
well with France, and it is hoped that the meeting of the two
foreign ministers will have good results. The fact that no
collision has taken place between the Greeks and Turks is
likewise looked upon as a hopeful circumstance, though since
yesterday the feeling has not been so confident.
The acceptances by the Senate of the amendments to the
Arbitration Treaty are very much regretted here. But the
feeling is strong that whatever becomes of the treaty the two
peoples are so closely united by common interests and com
mon sentiments that a serious quarrel between them is im
possible.
In India the famine shows no sign of abatement, and the
plague, though reported to be less acute, is still very serious.
In South Africa there is as yet no sign of a better understand
ing with the Transvaal.
But though there is much anxiety both regarding Greece
and the Transvaal, there is undoubtedly a more hopeful feel
ing and a greater willingness upon the Stock Exchange to
engage in new business. The general public is still holding
aloof, but professional operators and members o f the E x
change are dealing more freely. The decision of the Supreme
Court in the Trans-Missouri case is not very clearly under
stood here. Of course it has helped to deter people from buy
ing American railroad securities, but what its real import is
nobody understands very clearly, and the market therefore
follows New York without any initiative of its own. The
Tariff bill has likewise for the time a depressing effect.
The most active departments are British railway stocks
and foreign government bonds. On Wedneed ly there was a
general recovery upon the principal Continental bourses, and
there was a very marked recovery in Egyptian securities.
Egyptian Unifieds were quoted that day at 107)^, the highest
quotation ever yet recorded. It seems to be generally agreed
upon the Continent, as well as here at home, that the con
dition of Turkey renders it absolutely impossible for the Brit
ish Government to withdraw from E gyp t; that therefore
British administration must continue indefinitely, and consequentlv that the Egyptian finances will be carefully at
tended to. There has likewise been more activity in Western
Australian and New Zealand gold shares, but the South
African market is quite neglected.
On Wednesday evening the first quarter o f the calendar
and last quarter of the financial year will end, and as a con
sequence there is a greater demand for short loans than for
some time past. It is possible that during the first three days
of next week large borrowings may take place at the Bank of
England. On the other hand, rates are very moderate con
sidering the time of the year, and in any case the payments
out of the Exchequer will now be so large that the supply i a tbe
open market is certain to be increased some time next week,
while the following week the interest on the national debt
will be distributed. For some months, therefore, everybody
expects exceedingly low rates. At the fortnightly settlement,
which ended last night, the bull account was found to be even
smaller than a fortnight previously, and more loans were paid
off than were negotiated, while the carrying-over rates wit tin
the Stock Exchange were exceedingly light.
The silver market is depressed, but the India Council has
bepn able to sell its drafts more satisfactorily this week. After
some slight decline in the pressure for money fn India there
is again a tightening this week. The rates of the banks of
Bombay and Bengal remain the same, but the supply of
money is small, and the general impression is that though the
Bank rate may be reduced to seven or even six per cent, the
stringency will continue more or less for some considerable
time. In three or four weeks the export season will practi
cally come to an end, and in normal times rates then rapidly
decline to our or perhaps three per cent; but this year the
revenue isoom in; ia so badly, while the expenditure is so
693
large, that the Treasury balances are unusually low, aud are
likely to continue so. Furthermore, in the Budget it is an
nounced that the Government will borrow four crores in
India, and that is likely to decrease very seriously the reserves
of the Presidency banks. No very great improvement in the
situation is therefore looked for until nearly the end of the
summer.
The new American Tariff bill is already exerting a d e
pressing influence upon certain branches of European trade.
The American buying, it is true, of raw wool continues as
active as ever and at somewhat higher prices. It is estimated
that since the beginning of the Colonial wool sales three
weeks ago the American purchases have averaged about £3,000
a day, and this week the prices of wools suited for America
are about five per cent higher than at the beginning. But
woolen manufactures are certainly slacker. On the Conti
nent more particularly American orders have ceased to be
placed, and there is a fear that the Continent may lose the
American market altogether. In this country the orders
placed have been getting smaller for some time, but it is con
fidently believed that a portion of the trade will be retained.
South Wales is also affected, and so likewise is the North of
Ireland. Belfast houses report that already they are suffer
ing considerably from the cessation of American buying.
The Lancashire cotton trade is likewise suffering from the
distress in India. But in all other departments trade con
tinues wonderfully good. In spite of the long continued
political anxieties and the uncertainty in South Africa, busi
ness taken as a whole is decidedly prosperous.
The “ Railway News” of London reports the traffic receipts
for the week ending March 21 of 55 railways of the United
Kingdom which makes weekly returns at £1,533,804, against
£1,473,277 in the corresponding week of last year, an increase
of £60,527. For the twelve weeks of the current half-year
receipts were £17,778,487, an increase of £465,970.
The Bank rate o f discount and open market rates at the
chief Continental cities have been as follows:
Mch 2d
Interest at
Bank
Rate.
Paris..............
Berlin.............
dam burg......
Frankfort.......
Amsterdam....
Brussels........
Vienna..........
it. Petersburg.
Madrid.........
Oopenhagen...
2
314
3*
314
March 19.
Open
Market
Bank
Rate.
open
Market
174
3
•
s94
394
2
Open
Market
194
274
2J4
3
214
2M
394
6«
394
4
i94
2
314
»!4
394
394
394
3J4
394
S*
3
4
6
314
344
2
214
344
594
4
4
4
3*
&K
4
♦
0
5
4
March 5.
Bank
Rate.
2
2
3
4
«
*
4
Mar. 12.
ft
4
Bank
Rate
Open
Market
2
3^
3(4
3K
3*
3
4
m
274
274
214
2H
394
694
314
4
6
6
4
The rates for money have been as follow s:
Interest allowed
for deposits t>y
(>pen Market Rates.
London.
Trade Bills.
Disc’t H'se
Joint
Four
Six
Three Four
Stock A t 7 to 14
Six
Months Months Months Months Months Months Banks. Call. Days.
Hank Bills.
E Three
e
4
Feb. 26 3
1 13-10
IK
Alar. 6 3 19-10‘>6 19-16% 19-10
12 3
U4
194
B4
“ 19 3
194
194
1*
•
*• 26 3
*
1 1 l3-ie®W
2
174
i«
2
IX
2
194
2
294
294
2S4
2@2J4
2
194
194
194
194
194
i*
194
194
194
194
194
194
194
194
194
* 1 7-16@lM
Messrs. Pixley & Abell write as follows under date of
March 25:
Gold—In oonseqnenoe of Continental demand a slightly higher
price has been paid for some reoent arrivals. The Bank has reoelved
£430.000, all in sovereigns, from Australia Arrivals: Australia,
£410,01 0; Bombay, £50,000; Capetown. £ 117,000; total. £80 7 ,00 0 .
Shipments: Bombay, £13,000; Japan, £170,400; total, £ 1 8 3 ,4 0 0 .
Silver—During the week there has been a sharp reaotlon in silver,
caused by bear re purchases and s'rong Indian inquiry. Of the rise,
3-lBd has since been lost and the market closes at 38 i3-16d. sellers.
The Indian rate is Bs. 78% per lo o tolahs. Arrivals: New York,
£303,000; Chili, £40.000; total, £243,000.
Shipments: Bombay,
£12,800.
Mexican Dollars—The nearest price is 28d. but nothing has been
done for somd days. Shipments: Penang, £5,800.
The quotations for bullion are reported as follows:
Gold .
London Standard.
Mar.
25.
• d.
Bar (told, ttne___oz. 77 10
7710%
78 0%
76 1%
76 5%
76 3%
76 3%
Bargo Id, parting, oz.
Si uajsii, old.........oz.
New....... .....oz.
0. 8. gold ootn...oz.
German gold ooln.oz..
French gold ooln.oz.
Mar.
18.
s. d.
77
77
70
r40
76
76
76
8 IL V E B .
L o n d o n S tatidard.
9*2 Bar sliver, flne...oz.
Bar sliver, oontaln’g
10
do 5 grs. gold.oz.
Hfl
do 4 grs. gold.oz.
do 3 grs. gold.oz.
5k}
Cake silver..........oz.
3% Mexican dollars.oz.
Mar.
25
Mar.
18.
d.
d.
28l3lg 28»is
286la
29%
28i6lfl
311 is
28
291,6
287e
28U ,a
3013,.
27%
THE CHRONICLE.
694
TJu- following svturn shows the position o f the Bauk of
Ku 'lan i. the Bank rate of discount, the price of consols,
A c ,, compared with the last three years :
O tr«n*u oa... . . . . . . . . . . . . .
9*mb
U
15,7*5,42#
OtJMr 6#po#tt» . . . . . .......
IS, 15 Mi 11
...
m,r Hhmt t f ,525.404 80.004,830
m hm w m xM **
*30
10.121,317 £0,£*>,7W
&c*«rr« d f aot#* *cd 8 <lt»,.
C0tB4 bamon, tooth d#p«rttt*tt ■4<>,015, *3^ 48JC3.05? m,710,950
65 13-16
55 5*1*3
am
<0f#$, I##*Pf*#tOliftfeilMU#*. p. Cs
2
*
3
f t u l rat# .- ...p erow t.
109 IS-10 10* 0-10
112 ?-lfl
OMMit. *Sf pm m at .
fSfid
fcl'kfd.
* r tff •
....
....
OI«Murta« Hop»e r «to rc »..... ... 118,578,000 115,717,000 n s j 62,ooo
80,110,008
8.033,588
$8,310*75
23,112,510
80,700,120
hlU
8
90M
& H*
S ,580,0^0
The fallowing shows the imports of cereal produce into
the United Kingdom during the first twenty-nine weeks of
the season compared with previous seasons:
IM P O R T S.
1S95-6.
1898*7.
Impcrtsof wheal,ewt.39,205,230 88.074.060
Barley.......................... 15,248.120 15,00 4.2X0
7,*'. 11,480
O at............................... 10.1 18.100
1,070.490
Pea-...................
2,045,860
2,118,76*!
Beans.......................... 1,825,850
Indian corn....... .....3 4 ,9 1 5 ,5 3 0 26,728.900
rtoar.......................... 13,091,380 12,403.340
1893-4.
1894-5,
37,578,600 32,126,787
17,332,654 19,579,387
7,615,701
7,663,157
1,-110.379
1,369,277
3,115,596
2,600,082
14,863,414 18,606.947
11,348,110 10,723,240
Supplies available for consumption (exclusive of stocks on
September 1) :
1894-5.
1893-1.
H
r**”
1895-6.
IS9G-7*
Wheat im ported, ew t.89,265,230 36.974.060 37,578,696 32,126,7 .7
Im port., o f flour....... 13,094,830 12,463,510 11,348,140 10,723,246
9,391,608 13,282,451 14,268,518
Bales o f hom e-grow n.15,515,413
T o ta l..................... 07,875,523 53,832,208 62,209,290
1896-7.
1895-0.
1894-5.
A v er, price wheat,week.27s. l i d .
23s, id ,
19s. 94.
A vera ge price, season ..2 9s. 34.
253. 14.
19a. 94.
57,118,551
1893-4.
24a. 3 4 .
26a. 3 d .
The following sh iw s the quantities o f wheat, flour and
maize afloat to the United K in g d o m :
TMs week.Las' <crek.
W h ea t............. O W ...1.535.000
1,770.000
260.000
Main* ..............nr.--.
815,000
770,000
C h a n g e s in L e g a l Te n d e r s a n d N a t i o n a l B a n k N o t e s t o
A p r . 1,—The Comptroller of the Currency has furnished
us the following, showing the amounts o f national bank
1804
notes March t, together with the amounts outstanding
1806.
Match 47. Marth £8. April 1, and the increase or decrease during the month s
&
*
fS,Sj>7»K0 21,777,010 also the changes in legal tenders held for the redemption of
18,85
>,0H bank notes up to A , ril 1.
l.f,&13,650
i me.
March t \
&
sM tto so
IW .
M irth ii .
M
t6,im<,sos
e
6
[VOL. LXIV.
1896.
2,105,000
30*2,000
624,000
1995.
3,271,000
358*000
254,000
n a t i o n a l H a u l ; .V o lt s •
Amount outstanding Starch 1, 1897.............
Amount Issued during .March..........................
Amount retired during M arch.........................
#231,149,900
#633,595
1,073,661
A m ount outstanding Apr. 1, 1897*.......
441,066
$233,708,894
Leij'il Tender N otes—
Amount on deposit to redeem national hank
notes March 1 ,1 8 9 7 .......................................
Amount deposited during M arch..................
Am'1 reissued and hank notes retired in Mar.
$1,748,437
1,041,780
Amount on deposit to redeem national
hunk notea Apr. 1 ,1 8 9 7 '.......................
$23,231,545
706,647
$23,941,192
' C lrjillation o f National S old Banks, not Included tn above, *86,247 ,
According to the above the amount of legal tenders on
deposit Apr. 1 with the Treasurer of the United States to
redeem national banknotes was $38,911, IPS, The portion of
this deposit made (1) by banks becoming insolvent, (2) by
ba n ks going into voluntary liquidation, and (3) by b a n k s
reducing ox retiring their circulation, was as follows on the
slrst of each of the last five months:
Deposits by—
Dec. 1.
Jan. 1.
Feb. 1.
M xr. 1.
$
704,585
4,854,017
$
895,497
4,786,795
$
931,997
4,769,053
$
1.026.652
4,681,430
A pr. 1.
tnsolv’ntbks,
1,184,253
U quld’g bus.
4,825,026
Red’o’ k unde,
sot of 1874. 13,143,817 14,043,782 16,116,424 17,526,463 17,931,913
T o ta l....... 18,702,419 19,726,074 21,821,374 23,234,545 23,941,192
* A ct o f Juno 2U, 1871, aud J u ly 12, 1882.
I m p o r t s a n d E x p o r t s f o r t h e W e e k .— 1T he following a r s
the imports at New Y o rk for the week ending for dry goode
April 1 and for the week ending for general merchandise
April 3 ; also totals since the beginning of the first week in
January.
FO R E IG N IM PO R TS A T N E W Y O R K .
E o s lln h
F in a n c ia l
M a r k e t * —P e r C a b le .
The daily dosin g quotations for securities, & c., at London
are rsported by cable as follows for the week ending*A pr. 9 :
Sot.
L ondon .
Mon.
Tues.
Wed.
Thurs. ; Fri.
28%
28%
1123,3 1125, *
i n *t 1125,
ii^^m :u 2 7 ,«
02*72% 102*75 102 75
Silver. per ou n ce....... A
ton sols., now, 2% p.ete.
F or a c c o u n t................
Fr'ek rentesitn Paris) fr.
Atch. Top. A Santa F<».
I>o
do
pref.
Canadian P acific..........
Chesapeake A Ohio.......
Chic, Milw. A 8t- Paul
D en y. A R io O r., p r e f..
Erie, c o m m o n ...............
1st p re fe rre d ..............
m m ol* Central.............
Lake S h o re ....................
Louisville A N ashville.
M exican Central, 4s ...
Mo. Kan. A T v*., com.,,
N. Y. CeBIT * Hudson.
N. Y. Ontario A Weat’ n
N orfolk A W.f-t*a, pref.
No. Par, p » f „ tr, roots.
P en n sylva n ia................
Phils*. A Read., per ah..
South'll Railway, c om ..
Preferred.....................
Union Pacific.................
Wabash, preferred .......
10 %
10%
20%
20%
51%
17%
74%
39%
13%
30
91
168%
47%
69%
11%
102%
102
14
13%
20 %
26%
37%
37%
53%
53%
10%
10 %
8%
8%
26%
26%
5%
5%
13% ! 13%
50%
17%
75
39%
13%
30%
94%
168%
47%
69%
11%
* 28%
112",0
112 %
102*70
n
20%
! 51%
17%
75%
39%
13%
30%
94%
F or week.
1897.
1894.
.$2,362,994
8,980,707
T o t a l.........
Since Jan. 1.
Dry g oods.......
Gen’1 m er’dise
$12,077,334
$11,342,801
$9,546,472
$9,223,693
$3 7,463,381
92,203,682
$40,197,365
90,183,039
$41,702,730
80,624,296
$25,122,968
87,516,713
$2,524,301
7,02*2,111
$1,837,953
7,390,740
Total 13 weeks $124,737,063 $130,380.4 >4 $134,327,026 $112,669,681
The imports of dry goods for one week later will be found
in our report of the dry goods trade.
The following is a statement of the exports (exclusive o f
specie) from the port of New York to foreign ports for the
week ending Apiil 5 and from January 1 to date :
E X P O R T S FRO M N E W Y O R K F O R T H E W E E K .
1897.
11%
1896
1895.
1894.
26%
For tlie w eek ..
Prev. reported
$5,920,532
94,041,559
$6,731,132
92,11.8,304
$7,332,345
80,802,938
$6,181,940
87,912,081
37%
53%
Total 13 weeks
$99,970,091
$98,869,436
$88,135,283
$9-1,094,021
10%
I
1895.
$2,864,343
9,413,041
47%
69%
102 %
14
1896.
Dry g ood s.......
GenT mer’ dlse
8%
27
5%
13%
The following table shows the exports and imports of specie
at the port o f New York for the week ending April 3 and
since January 1, 1897, and for the corresponding periods in
1896 and 1895:
E X T O R T S AND IJITO B T S O F SFBO rB A T N E W Y O R ff.
C 0 m itte tx ia L ^ n a B * is c c lla ttC 0 W s In cu rs
C o in a g e b y U n it e d S t a t e * M i n t s .— T h e f o l l o w i n g s t a t e
m e n t , k in d ly fu r n is h e d u s b y th e D ir e c t o r o f t h e M in t, eh-.iws
h e c o in a g e a t t h e m in ts o f t h e U n it e d S ta te s d u r i n g t h e m o n t h
of March and for the three months of 1897,
Marth.
DtmmatruMim*#-
Ooobl# ##gie»___ ___
* » $ > « .......... .........
WMt
StoBiWPftSf-pthgim
tmllmr#-,**-*»,*» %***
T>t*i KOirt....... ..
Pieces.
Three Months 1897.
Value.
M i1,510
84,028
27
42j
*
12.830,380
840,280
135
...,1 0 5 ’
Pieces.
Value
$1,527,969 30,559,380
116,528 1,165.280
27
135
610
" 1 ,5 2 5
A
Germ any..................
West I n d ie s ..- .......
South A m erica.......
All other oounlries.
Total 1897.........
Total 1896........
Total 1895........
Sifter.
Great Britain . — .
1,400,250
201.250
288.250
432,160
1,400,25 »
102,125
72,0021
43,210
4,552,250
354,250
1,023,007
1,171,094
4,552,250
177,125
255,707
117,109
south A m erica.......
All other countries.
2,324,910
1,017,653
7,100,661
5,102,251
fit # mn
......
0 a # octtt****.*«*.***
1.025.600
3.864.600
51,290
38,646
3,138,713
10,207,971
156,935
1 0 !,0 8 0
T otal 18 97........
Total 1896........
Total 18 95........
Total miDur.. . . . . .
4,890,200
80,926
13,340,681
259,015
Total eolm we . . . .
7,945,720
15,478.479
Totm) »I1
22,092,479 37,087,586
Germany.......... —
West Indies.............
Since Jan. 1.
Week.
Since J a n .l.
$15,276
$521,095
$ 4 ,0 i0
430,540
12,300
105,786
$16,300
$1,058,321
13,777,210
30,487,892
553,852
10
822,352
24,490
133,989
87,444
18,860
1,414
21,997
6,350
$48,621 $1,083,561
13,729 17,351,970
1.3 >3,989 13,202,942
Imports.
Exports.
Week.
13,770,00*).
fi-olliidm,.,,
WtM «t«4lsrt
Quarter d o lla r * ...,.
..«••**••«..
Week.
Great B r ita in .........
730.616
1,645,134 31.726^320
Im port,.
Exports.
Qold.
Since J a n .l,
$1,026,3C0 $11,278,179
431,000
5,750
2,343
13,352
Week.
Since J a n .l.
$2,022
11.475
$900
17,763
48,360
1,000
5*5,434
25*0,938
200,326
5,790
$1,028,648 *11,709,750
1,110,780 13,872,123
7,029,662
431,210
$67,029
45,214
47.300
$555,508
691,891
356,101
Of the above imports for the week in 1897 819,860 were
Am erica? gold coin and $100 American silver coin. O f the
exports during the same time^S11,400 were American gold
com.
A p r il
THE CHRONL LE
10, 1K97.]
Wheat,
B r e a d s t u ff's F i g u r e s B r o u g h t F r o m
F a g e 7 X 9 .—The
store at—
bush.
statements below are prepared by us from the figures of the OnInLakes................................
New York Produce Exchange. We first give tne reoeipts at On canal and river..................
Western lake and river ports, arranged so as to present the CtTotal Apr. 3 .1S97 38.612.000
Total Mar. 27.1897.39 023.000
oomnarative movement for the week ending April 3, 1897,
Total Apr. 4,1890 60/22,000
and since August 1, for each of the last three years:
Total Apr. 6 l>-95 72.702.000
Total Apl. 7.1894 70.762.000
Receipts at—
Wheat.
Flour.
Com.
Barley.
Oats.
1.0 1,233
155,601
148,587
152,522
2,908,309
J,081,008
1,307,843
1.888.940
1,704,319
738,288
1.530,222
2,184,953
1,243,752
100,000
17,615
110,120
7,000
7,347
23.C57
06,750
03,100
71,000
Oafs,
Rye,
bush.
Barleys
bush.
25.318.000 13.616.000
25.152.000 13.796.000
10.989.000 9.020.000
12.890.000 5.815.000
17.497.000 2.654.000
3.652.000
3/05,000
1.523.000
245,000
399.UUO
2,812,000
3.166.000
1.140.000
685.000
582.000
—The annual meeting of the stockholders of the United
25,000 States Rubber Companv will be held at the company’s office,
7,800 New Brunswick, N. J.. Tuesday, May 18, at noon. The
23,544 transfer books will be closed from the close of business Fri
174,050
67,200
49,088
1,779
21,000
14,250
16,800
14*700
1,800
342,988
468,064
303,094
75,223
03.870
8,014.834 130,798,998 115,949,224 125,142,651 33,094,755
S.014.299 167,009,384 89,004,614 105,078,326 33,071,837
8,608.295 123.405.789 57.873,581 64,581,323 29,372.842
-1
029,527
1,300
1,880
49.870
208,457
44,7(9
12,900
463.850
344,950
132,500
CO
t. Louis...
Peoria.......
t nsas City
Tot.wk.’97
Same wk.’96
Same wk.’95
Stnc« A hq.1.
1806-97. ..
1895-96 ...
1894-95 ...
: 0,290
137,800
1,292,975
1,093,940
61,817
22,048
2,701
58,548
16,200
30,000
K-
» troit......
43.123
44,910
19,000
2.682
1.136
2 600
2 341
29,111
5,700
bush.
Corn.
bush.
Rye.
Bbls.l96tbs Bush.*)0 lbs Bush. 56lbs Bush.3‘2 lbs Bush. 48lbs Bush.56 Ibt
Chicago.....
Milwaukee.
D uluth......
Minneap’iis
695
a
0,035,522
3,100,630
2,076,701
day, Api il 23, and reopened May 19.
—The card of Henry R. Wilson, 41 Wall Street, New Y ork,
will be found on the last page of this issue. Mr. Wilson, who
has lately withdrawn from the firm of James N. Brosvn &
Co., of which he has been a member since its organization,
will devote his attention to local interest-paying secuiities,
handling them as a dealer.
—A limited amouLt of gold 5 per cent bonds of the Metro
politan Street Railway Co. of Kansas City, Mo., are offered
and recommended as a safe and conservative investment by
N. W. Harris & Co. Their advertisement in the S'ate and
City Depariment gives details.
The reoeipts of flour and gr fin at the seaboard ports for the
week ended April 3. 1897, follow:
Receipts at—
H our ,
bbls.
New York........... .. 113,917
Boston............... .
Montreal............
Philadelphia.......
Baltimore...........
Richmond...........
New Orleans*..... ... 13,334
Norfolk...............
Wheat.
bush.
Corn,
bush.
Oafs,
bush.
013.200
170,136
74.334
£8 020
02. 48
15.310
158,£05
150,000
157,775 175,500
04,319 120,294
3,164
74.760 919,360
83,257 1,600,930
40.040
35,0^0
2,800 1,098.535
350,597
593.000
08,8(0
ill.869
120
46.580
17,919
56,525
5.055.011
1,0)9.624
530.637
2)6.802 1.273,32) 971,213
Barley ,
bush.
230,100
2,850
11,200
Auction Sales.—Among other securities the following, not
regularly dealt in at the Board, were recently sold at auction.
14,025
By Messrs. R. V. Harnett & C o.:
Rye.
bush.
1,705
700
Shares.
I
Bonds.
|$25,000 Republic of San Do28.118 10 Importers' & Traders’ Nat,
Bank_________
_.
.
.
.
____
530
I
uiingo
4s
(French-Amer.
532
| Reclamation Consols)..........
Mobile................
Portland, Me .....
St. John. N. B..... ... 20.236
244.150
45.740
Total week....
224.310
33.533
Week 1896. ........ .. 290.515
• Receipts 4o not include Brain passing through New Orleans for foreign
ports on through bills of lading.
Total receipts at ports from Jan. 1 to April 3 compare as
follows for four years :
Receipts o f —
1897.
4.050.195
Flour..............
Wheat......... ..bush. 5,174.012
•• 01.378.152
Corn..............
Oats.............. , ** 14,913,561
Barley............ , ** 2.611.512
Rye................
1,370,032
85,153,869
Total grain
1896.
2,812,390
3.307.350
18.152.338
10.120,189
1.883,079
348,578
33,701,940
X
By Messrs. Adrian H. Muller & Son:
1895.
8,908.392
4,552.912
0.H47.786
7,483.361
1,130.513
94,823
1894.
4,449,198
2 86^.837
17.317,034
7.715 553
1,373.0*0
75.321
20,350,431
Shares.
30
10
ICO
150
200
17
Shares.
Nat. Bank of Commerce.206
9,063s5]oo Ib e N. Y. Steam
Atlantio Trust Co..........180
Co............................. $100 lot
National B'dway Baik..230>4
Nassau Elec. Ry. < o ..... 18
Bonds.
Bay Ridge Pk. Imo. Co. 13
$5,000 B'klyn * Brighton B.
Importers’ &. Traders'
RR. 5s, 19a7. March, 18S6,
Nat. Bank..................... 529%
Coupons o n .......................... 50
45 Bankof America.331“«to3 3 5 $14,100 Bavarian Star Brew
75 Lancaster Lund Co. of
ing Co 6 s, 1909. Aug. 1,
Lincoln, Nei>...............$25 lot
1895, Conps attaehed.$l ,285 lot
City Railroad Securities—Brokers’ Quotations.
Bid. Ask.
Bid. Ask.
D.D. E. B. A Bat’ Stk. 163 170
Atlan. Ave., B’ klyn—
Con. 5a, g., 1931.. AAO $103 104 : lat, gold, 5a, 193k.JAIj 114 116
20,209.395
Scrip .......................... 5101 103
Impt. 5a, g., 1934.. J AJ 77
80
8t. A Pul.F.-Stk. 304 32^ Eighth Avenue—Stock.. 320 328
The exports from the several seaboard ports for the w eek Bleek.
Scrip, 6a, i914...........
let mort., 7a, 1900. JAJ $100 108
ending April 3, 1897, are shown in the annexed statem ent:
Brooklyn Rapid Tranalt. 19*3 20 *a 42d A Gr. St. Fer.—Stock 325 330
B' way A 7th Ave.—Stock. 198 203 42d St. Man. A St.N. Av
40
50
Wheat. Com,
Flour.
oats
Rye,
Pea,.
Barley,
lat mort. 6a, 1910.MA^ $116 118
1st mort.,5s,1904. JAD $100 108
bush.
hbls.
hu$h
bush.
bush.
Ecwortt tro>r»- bush.
2d mort. Income 6a. J AJ 65
66
2d mort., 5a, 1914.JAJ $107 112
Naw York ..
441,378 491.750 90.3'. 7 398,580 4»’,09O
2,258 293,501
B'way lst,5s,guar.l924 $110 118 Lex.Ave.APav.Ferry 5a. 11534 116
Boston........... 232.038 125,415 2*\«37 18,010
2d 5B.lDt.aa rent’1.1905 $104 108 Metropolitan Traction.. 105 107
1 0
Portland....... 111,809
7,072 40,580
08,120
Ooneo!. 5a, 1943...JAD lis t. 120 Ninth Avenue—Stock... 160 170
Philadelphia.. 124.360 L05-1.223 21,231
10.990
Brooklyn City—Stock.... 182 184 Second Avenue—Stock, 110 130
L.387
8,571
Baltimore. . 108.118 1.323.389 29,377
lat mort.,5a.1909.MAr 108 109
Coned. 5a, 1941...JAJ 113 .......
New Orleans.. 40,000 917,614
77,100
1,164
Debenture 5a, 1909.J A J 102 105
Bklyn. Crosat’n 5a. 1908 103 105
Norfolk.........
350,597
1.429
Bklrn.Q’naCo.A8ub.l8t 101 104 Sixth Avenue—Stock__ 172 185
503,000 e0.000 150.000
Newp’rt News
Third Avenue—Stook... 157V160
Bklyn.C. AN’ wt’wm—Stk 160
8t. John........ 1«,553
17,919 20,230 60,525
12,380
lat mort., 5a, 1937. JAJ 121 122
68.H00
5a. 1939....... ................ m o 112
Galveston ...
Twenty-Third St.—St’k 300
...
Mobile..........
..........
..........
.......... Central Crosstowro—Sfck. 200
Deb. 5a, 1903............. 100 103
lat M.,0a. 1922...MAN $115 il8
Total w*k... 1,074,955 4.971.-27 205.463 829/94
103
00.557 82.758 293.501 Oen.Pk. N. AE.Rir.-8tk. ..... 165 Union Ry—Stock.........
8ametlme‘90. 793.039 1,920,137 174,420 406,748 45,146
1,770
let 5a, 1942................ {104 'a
Consol. 7a, 1902...JAD 112 114
Weatoheat’r, lat,gu.,5a. m 'a 102
Colnmbna A 9th Ave. 5a. 11534 116
The destination of these exports for the week and since Ohrist'p’rAlOth 8t.-8tk. 152 100
lat mort., 1898 ...AAO 1101 103
September 1, 1896, is as below.
2 And accrued intereat.
--------- I lour.--------, -------- Wheat.------- , ,--------- Corn.-------- .
Export* for
Week Since Sept,
Week Since Sept.
Week
Since Sept
iceek and since Apr. 3.
1,1806.
Apr. 3. 1,1896.
Apr. 3. 1,1890.
6a» Securities—Brokers’ Quotations.
Sept. 1 to—
bbl«.
bbls.
bueh.
bush.
bush.
bush.
Doited Kingdom 191,3-4 5,713.608 931.767 28.442,490 2.088.815 55,195.283
Continent. I* .575
592.623 125,933 7,841,159 2,899,813 55.320.083
GAS COMPANIES.
Bid. Ask.
GAS COMPANIES. |Bid. Ask.
8. A C. America.. 27.746
601,606 ..........
25,110
2.052
140,659
West Indies.. .. 23.195
655,292 ............................
18,547
626,761
Peoples’
(Jersey City)... 170 175
B’
klyn
Union
Gas-Stock.
106
10034
Brit. N. A. Coi’s.
5 961
158.215 .........................................
271418
113 Williamsburg 1st 6s___ 101! 4
Other countries.. 0.592
178,940
17.255
819,086
18.200 1,604,' 00
Fulton Municipal 0s...... 105
82 Equitable........................ 210 212
Total ............. 265,463 7,903,278 1,074,955 37,127,854 4,971,82? 113,158,264 Consumers’ (Jersey City). 77
Bonds, 6s, 1899........... 103 105
Total 1805-96. ... 174,420 7.836,290 702.039 26,531,121 1,920.137 01,323.535
Bonds............................ 103 104
49
52
St. Paul.........................
Jersey City A Hoboken.. 180
76
80
The visible supply of grain, comprising the stocks in Mutual <N. Y .................. |245 255 Standard pref................ 111
113
granary at the principal points of accumulation at lake and N. Y. A East Riv. 1st 5s. 106 107*0 Common...................... 89 91
67
Preferred...... .............. 92 *a 94 Western Gas................. 65
seaboard ports, April 3, 1397, was as follows;
94
95
57
100
Ryr.
Wheat,
Consol. 5 s .................. i 90
Birlsu
Corn
Oats
In store at
bush.
bush
bush.
bush,
bu*h
New York................. 1,270.000
159.000
3.837.000 1.805.000
234,000
Do afloat....... . 400,000
22,000
01.000
30.000
10.000
eo.660
81.000
195.000
Buffalo ..................... 705.000
91.000
008.000
Do
afloat....
81.000
113.000
69.0T0
7.720.000
io
.
om
.
o
o
6
150,000
5.920.000 1,810.00c
Chicago................
Do
afloat......
349/00
97.000
739.000
4.152.000
191.000
Milwaukee........ .
73.000
210.000
3,000
8,000
458.000
95.000
Onlath.................. 0.0-9.000
50,000 2,118.666
885.666 1,280,000
497,000
BA N K ER S
Toledo,,..,............... 1,020,000
1,976,666
107.066
58,000
2 7 df 2 9 P I N K S T U K K T ,
SEW YORK.
Detroit_______ _ .. 258.666
82,000
0.666
21,000
40.066
65 Stale Street, Albany.
Uanfciug and fin a n c ia l.
Spencer Tr as k & C o . ,
12.000
St Lonle................ . 474.000
Cincinnati................
Boston.................... 200,000
172.000
............ 604.000
Montreal
Phil ulolphla........... 229.000
Peoria.
....... - 27.000
104.000
K*uahs City......... .
211,000
Bx. ’ ’.more1................ 509,000
Minneapolis............ 14,064,000
On Mississippi River
1,448,666
151,666
1.005,666
10.606
207.000
04.000
200,000
21.066
1.452.000
113.000
45.000
103.000
2,409,000
93.000
150,000
805.000
01,000
41,000
L000
187.000
153,000
971.000
88,000
■10.060
18,000
2,000
74,066
04,666
45.000
42.000
7.066
19,000
#*1,066
0.066
91.000
32,000
05,000
I N V E S T M E N T
Gkokub
S E C U R I T I E S .
Barclay Moffat.
Mo
A l b y a v d b e i m.
f f a t
& W
h ite
Whit *. Jb
,
bankers,
30 p I N K S T R K K T
NEW
INVESTMENT SECURITIES.
YORK
IHE CHRONICLE.
696
{J h e
U a n lit r s ' (S a * e tte .
[ V o l , LX 1V .
Posted rates of leading bankers fo llow :
April 9.
O 1 V I D K N U * .
Same o f Oompemv.
i I'tr
I Oeni.
it a,t ir o t id * ( S t0m.m),
KR. o f H, J,
1
H tr e r i H a il w a y # ,
Cleveland (0.) O ily ..___
.***.. j
%
HftwJSfM&at. iK. lim m * OMC$M ; i
T r o * t C 'ocn p u xile*.
!
N. Y»
«&. T ra it . . . . . . . . . . J 5
tU m p II h u p o u *.
H. B. Claflfn com . {eju arj. . . . . . . . i 1>4
**
l« t prel. (q u a r )
E tl
**
2d pief. (quar.L- . 1
ITAen
Payable.
May
Books doted.
{Days inelusice.)
I Apr. 16 to Apr. 19
April —1— ------- t o ------------April 15 Apr. 11 to A pr. 15
May
1 Apr. 21 t o -----------
April 15 April 8 to April 15
May
l|---------- t o -----------
The Money Market and Financial Situation.— The devel
opments of the week have not been of sufficient importance
to materially affect business in W a ll Street, which has been to
a large extent of a professional and routine character. Some
features of the stock market are regarded as evidence that
there has been sufficient buying of railway shares for invest
ment during the recent low range of prices to account for the
present strength of the market, and its tendency to advance
in response to a demand for the purpose of covering short con
tracts. Whatever the cause may be, there has been a sub
stantial advance from the low quotations of the early part of
the week, notwithstanding the fact that the stock and grain
markets have been weak to-day and that wheat has materi
ally declined.
W all Street was not surprised at the closing of certain
busimss houses whose methods have been well understood
as questionable, and who have depended chiefly upon a
country correspondence for support. The surprise is that so
many people can be induced to send money in response to
the circulars and prospectuses issued by such houses, prom
ising impossible results. Fortunately the closing up o f iheae
concerns has very little or no effect upon legitimate business.
An event of general interest was the reduction of the
Bank of England’s discount rate from 3 to 3 % per cent. It
is believed to indicate that the managers of the Bank regard
the political -situation as less threatening than it has recently
been. The number of railway traffic reports which compare
favorably with those o f last year is increasing, but show that
general business is still very much restricted.
The open market rates for call loans on the Stock Exchange
during the week on stock and bond collaterals have ranged
from 1 % to 2 per oent. To-day’a rates on call were 1 % to 2
per cent. Prime oommercialpaper is quoted at 3% to 4 per oent.
The Bank of England weekly statement on Thursday
showed a decrease in bullion of £945,923 and the percent
age of reserve to liabilities was 52-31, against 52-65 last
week ; the discount rate was reduced from 3 to 2 ^ per cent.
The Bank of France shows a deorease of 1,700,000 francs
in gold and 3,200.000 francs in silver.
The Ne w York City Clearing-House banks in their statement
Of April 3 showed a deorease in the reserve held of 81,853,300
and a surplus over the required reserve of $47,066,575, against
$48,895,750 the previous week.
DiJJcrcn’sfrom
j F r e t, week.
1896.
A pril 4,
1895.
A pril 6.
$
61,122,700
72.833.300
465.224,000
14,254,500
431,795,700
59,251,000
78.203.300
137,454,900
120,448,925
51
62,622,700
71,046,800
480.438.300
13,084,000
500.822.300
64,471,200
74,664,300
139,135,500
125,205,575
Demand.
4 80>s
4 88 » 4 88*9
4 68*4a 4 85 L,
4 84% if 4 85
5 1 8 H & 1??].} 5 1614® 15S>ia
401,n® 4 0 ‘8
40*4 (t40t,«
95%a>95*„,
95 % ® 9 5 »,e
United States Bonds.— Government bonds have been dull
but strong. Sales at the Board include $40,000 4s, coup., 1925,
at 124 to 124%; $9,500 4s, coup., 1907, at 112% to 112%; $1,700
-Is, reg., 1907, at 111% to 111% and $20,000 currency 6s, 1899,
at 107%. The following are closing quotations:
Interest A pril
Periods
3
W A L L STK BKT, F K lU A S f. A l’ tLIL !». 1 8 9 7 -S P. ltt.
1897.
A pril 3.
Sixty Days.
Prime bankers' sterling bills on London.,
.rim e com m ercial.................................
Docum entary com m ercial..........................
Paris bankers’ (franca)................................
Amsterdam (guilders) bankers. ..... ..........
F rankfort or Bremen (miehmarkB) b ’kers
........ - ..............re*r.
4s, 1 8 0 7 ............. rek.
*B, 1 9 0 7 ...........corn).
is , 19 25............. reg.
Is , 1 9 2 5 .......c o u p .
5a, 10 04............. rek.
5s, 1904.......... oonp.
6s, oa r’t y ,'9 8 ... -ee.
68, on r,ey,’ 9 9 ...r e g .
is , (C ber.)1898.res
48, (0ber.)TR99 retr
April April : A pril April
5.
6.
7.
8.
.-Mull.
.-.Ian,
.-Jan .
.-F e b .
..-F eb .
5.-F e b .
,.-F eb .
* 96% * 96i*
'11 l
111
'1123* u * %
*12378 *12 3*
*123% - 1 2 3 *
*114 -114
*114 *114
*103% *103%
I ft 1 ‘ 106% -106%
March •XOO% *lfO%
Wareb
*1C018
A pril
9.
* 90*2
*111
112%!
A123%
1*24
*114
*114
•103%
-1 06%
n oo ^ e
*100*8
* 9 6 *s * 90% * 96*a
*111
111% • lit
*112% *112% 1121*
*124
•124*4 •124%
121% 1243a *124%
*114 - i i .
*114
*114 *114 *114
*103% *103% *104
107% *106% *107
* 100 % *100% *100^3
*100^8 *iroi« *100 *a
* This is the prloe bid at the morning board, no sale was made.
United States Sub-Treasury.— The following table shows
the daily receipts and payments at the Sub-Treasury:
Date,
Receipts.
Fay meuls.
3
5
6
7
8
9
2,552,090
2,532,309
2,458,261
4,135.793
2,332,566
2,191,243
*
2,950,587
2.425,571
2,159,9 71
3,433,827
3,336,915
2,540,337
Total
16,202,262
16,897,708
Apr.
“
“
“
“
“
Balances,
Coin.
9
131,149,303
131,357,607
131,451,948
131,562.914
131,652,696
131,825,217
Coin Oert’s. j Ourrency.
9
'
2,082,415
2,123,266
2,304, hi *4
2,371,060
V 30,830
1,9*9,635
*■
69,551,814
69,409,398
69,431,809
69,955.653
69,452,653
68,671,733
......... .
Coins.—Following are the current quotations in gold for
coins:
Sovereigns........ $4
87 ® $4 90
Napoleons ......... 3 86 ® 3 89
X X fielchmarks. 4 76 ® 4 80
25 Pesetas......... 4
77 ® 4 81
Span. Doubloons.15 55 ®15 75
Mex. Donbloons.15 50 ® 15 75
Fine gold bars...
par®*4prem
I Fine silver bars... — 62 ® — 62%
I Five francs........ . . — 93 ® — 95**
I Mexican doEars.. — 48*4® — 4911
|Peruvian sols.......— 43% ® — 45
i English silv e r.... 4 84 ® 4 88
TJ. 8. trade dollars — 65® — 75
|
State and Railroad Bonds.—Sales of State bonds at the
Board are limited to $4,000 Virginia fund, debt 2-3s o f 1991 at
63% and $4,000 Tennessee settlement 3s at 76 to 78.
The market for railway bonds has been unusually dull and
narrow. Tlie investment demand has become very much re
duced and at the same tim e offerings, especially of highgrade bonds, are limited. The small volume of business has
been fairly well distributed, and in nearly all cases changes
in quotations are insignificant, being about evenly divided
between fractional advances and declines. Wisconsin Cen
tral trust receipts have been weak to-day, closing at a net
loss of 3 poims.
The active list includes Northern Pacific, Atchison, St.
Louis & Southwestern, St. Louis & Iron Mountain, Denver
& Rio Grande, Texas & Pacific, Rio Grande W estern, Union
Pacific, Rock Island, Burlington & Quincy. Milwaukee &
St. Paul, Missouri Kansas & Texas, Louisville & Nashville,
Central of Georgia, Chesapeake & Ohio, Reading, Southern
Railway, Lake Shore, Wabash and W est Shore bonds.
Railroad and Miscellaneous Stocks.— The stock market
has been dull and irregular. Its course shows the effect of
C apital.................
speculative manipulation, as the public is holding a lo o f;
S u rp lu s...............
although it is believed in certain quarters that there has been
Loa.ti.ft Se.
some good buying of stocks at the current low prices, of
C ircu lation. . . . . .
which the undertone of strength is evidence. The market
W«t- d epoM t#.....
Bptmio,.................
was weak on Monday and Tuesday and prices generally fell
S4g*l tfcodem ....
off an average of over one point, since which there has been
h e ld .....
some recovery, and net changes in most cases are fractional,
L o f« i reserve. . . .
notwithstanding a general weakness and some losses to-day.
8nrp1n# rmtyrvr 47,686.575 Dec 1.229.175 17,005,975 13,929,925 The coal stocks have been most conspicuous, Central of New
Jersey falling below the lowest quotations of last week and
I orefgn Exchange.—The market for foreign exchange recovering 1 point. Lackawanna was below 150 on Tues
hfis (wen steady on a limited demand, which has increased day for the first time since August last, closing at 152%. Dela
ware & Hud-on on the other band has steadily advanced
somewhat towards the close. Rates are unchanged.
until to-day and closes with a net gain of 1% points. The
To-day's actual rates of exchange were as follows: Bankers, Vanderbilt stocks have been strong, New York Central, Lake
sixty days’ sterling, 4 85 % @ 4 8 6 ; demand, 4 87@4 87% , Shore, C. C. C. & St. Louis and Omaha having advanced from
our last quotations. The grangers have recovered from the
cables, 4 87%<&4 87%.
depression of the early part of the week.
The following were the rates of domestio exchange on Ne»
The miscellaneous list has been relatively more active than
York at the under-mentioned cities to-day: Savannah, buyin. of late. Western Union has recovered a part of its recent
-10 discount., Helling par ; Charleston, buying par, selling % loss. Chicago Gas has been in demand and advanced over
premium ; .New Orleans, bank, $1 00 premium j commercial, 3 points on its good showing of earnings. The local gas
stocks have advanced on the passage o f the compromise bill
par; Chicago. 25a per $ i ,000 discount •, St, Louis, 4Q@75o. in the State Senate. American Sugar gained 4 points on a
er $1,000 discount.
large volume of business but lost 1 point to-day.
®
9
................
59,772,700:
73.B53.80C-;
.........
512.732,700 iDeo. 1,745.500
15,701,800 Dec. 125,000
569,226,500' Dec, 2,490,500
85,988,300 Dee.
8,000
103.08-1,900 Dec.1,844,700
189.973,200 Dec 1,853.300
142.300.025 Dee. 624,125
THE
APRIL 10, 1897. J
CHRONICLE,
697
NEW YORK STOCK EXCHANGE—A C T IV E STOCKS for w eek en d in g A P R I L 9, and since JAN. 1, 1897,
H IG H E ST AND LOWEST PRICES.
62V
58%
*140
29*
*3 %
10V
19%
*%
13%
*20
48*2
•47
76*4
■8%
18%
*162
70*
*40
•95
72*
*132
104
37 •
10050 9 9 *
13 | * 11*2
75
*65
*27
31
1 7 1 * 170
13*
13*
7*2
7*4
23*2 $23*2
*
1250 1250
3 5 * 36*2
*10
20
10*2
*25**
m V
35*
*10
*38
*40
20*
;4 1 *
J25V
•11*2
*47
43
21*8 2 0 *
42*8 ',41V
26
J25V
14
' 11*2
50
*47
117
*56
4*2
38*8
13V
*2*
6*2
'18
119
117
60
*4
4*2
38*8i 37*2
1 3 V 1 13V
3 I
6*
23 1 ■18
90
•80
116*4 T 15%
15
15*8
8 *4
8%
26*4 25%
9
‘8
578
*5%
1*
1%
*5
5*8
12%
13*8
*1
1*4
4
*313
i 7e
iT e ”
15*8
*8
26
*
8*2
5V
1*2
5*8
13
*1
*3*2
* 1*2
*
W ednesday,
A pr. 7
1 0 %! 1 0 % 10*3
1 9 V 19% 20
%
%
%
12% 1 3 *
13*
21
•19% 21
4 8 * *49
50
47
47*3
46 V
78
76% 7 7 %
9%
S%
8%
17
16% 17
162 *162 168
7 0 * 71%
71
50
*40
50
98
*95
98
7 2 V 72% 73%
132*4*131 *3 133
104*3 104*8 104*8
5 5 lo ln5*o
62
62*
6<J
62%! 62% 6 2 *
62%
58% 59*8
58% 59V
58% 58%
59V
145 *140 145 '138 145 *138 145
297e 29% 30*4 2 9 * 29*4 29*3 2 9 *
§80
80
576
76
4
4
4
*3%
*3 %
3%
3%
10%
20*3
%
14*3
21
48%
47%
79%
9
16*
170
72*4
50
98
73*2
133
105
10%
20V
%
13*
21
48%
46
80*
9
16*
170
72
50
98
73%
133
105%
101*« 102V 10Ha 1 0 3 *
‘ 152*2 156 x l5 1 152
10
10V
39
3y
*39*4 3 9 *
*13
135s 13
13*2
29*2 29*2
17
19
*17
19*
*25
31
31
*25
*119 123 *119 123
94
$93*2 93*2 $92
*6
*6
6*2
6*2
20
25
*20
25
*1 3 * 15
'13*2 15
*61
65
*60*2 63
16550 1 6 5 * '164 166
*41
48 i '4 0
48 !
4579 4 6 *
45*2 46*4
83* 83*
8 3 *2 84
1 0 4 * ' ...........1 0 4 *
98** 98
*17
18
18
19
*76
$76
76
78
*45
*45
48
47
U V 11V *11*4 12*4
2 7 * 27*| 27*4 *7*4
15*2'
15*8 153*' 15
*19
21 j ‘ 19
20*2
* .........
99*2
*11
*65
*28
§1 7 1 *
13*2
’7
*22*2
Tuesday,
A pr. 6.
10V
19%
'%
*13*
*19*3
44*
46*3
76*
*8%
16*
§162
70V
*40
*95
72%
132*
104
102%
149V
*10
*38%
*12 *
§29*4
*17
'2 5
103%
150*
10V
39 “
13%
29*4
19
31
92*3
■6
'2 0
'13*3
'6 L
165
§41
45V
84
93
6%
25
15%
66
165
43
45%
84%
‘ 25
31
'119 123
§92
94
0%
6*3
*20
25
•13% 15*3
*61
65
5166 166
*40
48
45% 4 6 *
84
84V
*
104*3
-17
18
*75
78
‘ 45
48
1 1 % 11%
27*3 27%
15% 15*4
21
'1 9
-17
18
78
*76
•45
47
11% 11%
27*3 27*3
15% 15%
*19
21
103*3 104*3
*1 4 9 * 152*3
538
12%
37
37 •
1005a' 9 9 * 100*8
'1 1
13
12%
'6 5
75
75
31 , '2 7
30*3
172 *'170 173
13*1 13V 13*3
7%
7%
7V
23*2 *22*3 23%
11 * *10*4 11%
26
26*8 '2 5
12V 12V
12 V
36 V 3 5 * 3 6 *
'1 0
20
20
§40
40
43
20V 20 %
21 V
4 2 Vi '.41*8 41*3
26*4! :2 5 7e 25%
14
'11*3 14
50
50 | •47
»
*117 118%
•56
60
51%
4%
4%
38
39
38%
13%! 13*4 13%
•3 %
4%
3
6
6%
50
*18
23
23
•80
90
90
117 '115 118
14% 14%
15
8
8
8%;
26
26%
26
8%' 58
8
5%
5*8
6%
*1 %
1%
1%
•5
5%
5%
12* 12*
13
1%
578
1%
4 1 •3 % 4
‘ 1%
1%
•117
*56
4%
•3 7 %
13%
•2%
6%
*18
*80
*115
14%
*8
26
*8
5%
•1 %
*5
12%
•1
‘ 3%
119
100
'11
*65
•27
•170
513%
•7%
23
•10
'2 5
12*3
36%
•10
39
20*3
141*8
J25*
'11*3
•47
38
12%
37
100*4
13
72
30*3
173
13%
7%
23
n%
28
12*3
36%
20
40
21
41*
26
14
50
119
60
4%
38%
13*4
3
«%
23
87
117
14*
8%
20%
8%
6
1%
5%
12%
1%
4
1%
12*
* 10*
10% 10% •10 % 12
*10*4 12
*56*4 57 *2 •56% 57% •55
57*3 *55
57%
12V 1270
12% 12%j 12*3 12*3 1 2 % 1 2 *
32%; 531% 31V *31*4 32
31*2 32*2 32
110*2 111*8 110% 111% 1 0 9 * 1 1 0 * 110*4 112*8
§102*2 102*2 102% 102% 102*4 102*4 §102*8 1 0 2 *
7378 74
7 2 * 7 3 % 73
73% 74%
73*3
106 108 •105% 108 §107 107
§106*2 107
*9*2 10
9%
9%
•9%
9%
9% 9%
77% 79
78% 7 9 %
7 8 V 7870 78% 79%
156 156 }1 58 156
156 156
157 159*4
31* 31*
31% 31%
31*3 31*3 31% 32
2 3 * 2 3 * ■23% 23%
23* 23*
23*3 23V
*90*2 92
92
*91
92
§92
*90*3 92
§4*4
4% 4%
•3 %
4
4
4*4
4%
27*8 27*4 26% 27%
20% 26%
26% 27V
*8K*o
•87 ......... '8 7
157 157*2;15159 159 |•157 159% 5159% 159%
*6170 62V •61% 62% •6i7e 62V '0 1 % 62 V
6*2
6*2
6%
6%
0%
0%
6%
6*3
25*2 25*2 25% 25%
25% 25%
24*4 25*3
7
•6%
7
7
6%
6%
57
JZ% 55*4 54% 55% 63% 5 5 % 53% 5 4 *
§14*2 14*2 •13% 14% *13
15
* 1 3 * 14*3
63*8 63*8 *83
64%
63% 6 3 *
63*4 63%
79*2 8 0 *
79% 80%l 7 9 % 80%
80% 80%
* These are bJd and asked; no sale made.
Thursday,
Apr. 8.
10*3
19%
*.......
13*3
‘ 19*3
50%
48
77%
*8
16%
*162
71
*40
*95
73
'1 3 2
104*3
10*
20*
%
13*3
21
51
48
79
9
17%
170
",2 V
50
98
73%
133
105*8
8TOCKS.
Friday,
A pr. 9.
10 %
20
*_____
12 34
•19
§51
48
76%
*8
17%
'162
71*3
*40
*95
72%
*132
104 V
62*3 63V
62 V
58% 59 % 59
'13* 145 *138
30
30
30*4
A c tiv e H R . S to ck s .
10% A tohison Topeka & Santa Fe.
20 V
Do
p rel.
% A tlantic & P a o iflo......... .
13*3 B altim ore & Ohio.
21 B rooklyn Rapid Transit,
51 Canadian Paoiflo...........
48*3 Canada Southern............
7 9 % Central o f New J ersey...
9 Central Paoiflo................
17% Chesapeake & O hio.......
170 Chicago & A lto n ......................
72% Chicago Burlington & Quinoy
50 Chicago & Eastern I llin o is ...
98 ...
Do
pref.
7 3 * Chicago M ilwaukee & St. Paul
Do
pref.
133
105*4 Chioago A N orthw estern____
Do
pref
63 V Chicago R ock Island & Paoifle
5 9 * Chicago St. Paul Minn. & Om .
145 _
Do
p ref.
30*3 CleveVlinoln. Ohio. A St. L ...
Sales of
the
W eek,
Shares.
4,337
9,495
200
1,675
650
1,399
84,617
203
2,837
8
64 ,3 )3
58,698
124
4,855
8
12,159
18,601
Range fo r year 1897.
[O n
b a s is
Lowest.
9 V Mar.
18*4 Mar.
*6 A pr.
12 V Apr.
18 V Jan.
46*3 Mar.
44 V Jan.
76*4 Apr.
8 V Mar.
15V Mar.
$162 Feb.
69 V Jan.
45 Mar.
§95 Jan.
71*4 Mar.
131 Jan.
102*4 Jan.
153 Jan.
60 V Mar.
47 Jan.
133V Jan.
26*8 Feb.
73 Jan.
3 Apr.
40 J an.
99 V Apr.
1497g A pr.
10*3 Feb.
37*3 Mar.
127a Mar.
27*3 Mar.
18 Mar.
$24*3 Feb.
120 Jan.
92*3 Feb.
6*3 Jan.
24*3 Mar.
1 3 * Apr.
58*4 Apr.
152 Jan.
41 Apr.
44*3 Mar.
83 Mar.
1 0 3 * Apr.
90 Jan.
17 Mar.
7 7 * Mar.
46 Feb.
11*3 Mar.
25*4 Mar.
14*3 Mar.
20 Mar.
§70 Jan.
§44 Mar.
92*3 Feb.
11 Feb.
70 Jan.
24 Feb.
160 Feb.
o f i o o s h a r t lo t s .]
Highest.
12 *
25*
V
18
21*
56
51V
103*
15
18*3
bl70
78*3
45
§98*3
78*3
138*4
Mar. 3
Jan. 30
Jan. 14
Jan. 8
Feb. 11
Jan. 8
Mar. 17
Jan. 19
Jan. 5
Mar. 15
Mar. 1
Mar. 18
Mar. 13
Feb. 3
Mar. 15
Mar. 18
110 * Mar. 17
155 Feb. 20
70 Jan. 16
64 V Mar. 17
143 Mar. 29
3 3 V Mar. 17
77 Mar. 25
18 Jan. 8
46 Jan. 21
12 1 * Jan. 6
1 5 7 * Jan. 18
12*4 Jan. 19
43 V Feb. 1
1 5 * Jan. 18
35*3 Jan. 18
21 Jan. 15
§24*3 Feb. 13
122 Feb. 5
9 6 * Mar. 16
8 Jan. 16
27*4 Jan. 20
18*3 Jan. 18
70*4 Jan. 20
172 Mar. 1
55 Jan. 8
52*3 Jan. 19
93 Mar. 2
110*3 Jan. 5
100 Mar. 15
1 9 * Jan. 29
79*3 Jan. 18
4 8 * Mar. 18
14*3 Jan. 18
32*4 Mar. 18
2 4 * Jan. 18
22*3 Jan. 12
§70 Jan. 25
§44 Mar. 18
102 Mar. 22
14*3 Mar. 15
75 Mar. 17
34V Mar. 17
§178 Jan. 4
15V Jan. 18
9 * Jan. 18
26*3 Jan. 18
14*4 Mar. 11
28*4 Mar. 4
16V Feb. 1
38*3 Feb. 24
§17*3 Jan. 18
45*3 Feb. 3
28*6 Jan. 18
4 2 * A pr. 8
25V Apr. 9
14 Jan. 21
50 Feb. 1
2,685
9
260
Columbus H ocking Val. JfcToi
_ , Do
pref.
104 104% 102% 104% D elaware A H udson................ 22,906
152 152*3 152% 152% DelawareLaokawannaAW est
1,986
-10
10*3
D enver A R io G ra n d e .. .
39% 39%
420
*38*8 39
13
240
13
512% 12% E rte.D °............................. P^ f;
31
■30
103
Do
1st pref.
*17
19*4
_
Do
2d pref.
*25
*25
31
31 E vansville <kTerre H a u te ....
*119 123 '119 123 Great Northern, p ref..............
'9 2
*92
94 Ulinols C entral__ . . . . . . . ___
94
471
'6
6*3 Iow a Central.
200
6*3
6*3
'2 2
...................
Do
25
25
‘ 20
pref.
14
13% 13% I « k e Erie A Western
330
14
'61
65
'6 2 % 66
Do
pref.
1,235
165*3 165*2 165% 165% Lake Shore A Mioh. Southern
'41
'4 0
48 Long Island..............
48
18
46*8 46*3 46% 40% Louisville A N a s h v ille .." ” " 10.390
81%
85%
8
5
*
6,847
84*4
103%
50
*103 104 *
120
Michigan Central.........
19 Minneapolis A S t .lio n is e .” !
100
•17
18% *17
*76
*76
78
15
78
Do
le t p ref.
'4 5
47
47
*45
Do
2d pref.
•1
1
%
12 1
400
11% n%
Do
27% 27%i
1,370
27*3 2 7 *
pref.
15% 16*8 15*8 16%i
4,160
21 Mobile A O h io________
'1 9
•19
21
Nashv.Chattanooga&StLouia
•
37 1
37 *
100 10 0 % 100*4 101 New Y orkC entral A H udson” 21,947
*12
13
•12
13
York Chioago A St. Louis
72
•65
'67*3 70 1
Do
1st p ref.
600
*27
29*3
30*3 29
5
•170 173 *170 173 '.N ew Y ork N ew H a ve^ A SarL
1,155 13*4 M a r.
13V 13%
*13V 1 3 *
•7 %
7%
200
7%
•7 %
7 Apr.
522% 22*3
Do
2 2 % 23
630 22*3 Mar.
prer.
*10
n%
11% '1 0
12 Apr.
424% 24*4 •25
26*3
Do
pref
15 25 Apr.
2,994 11*4 Mar.
12*3 1 2 % 12% 13% Nor. Paoiflo Ry. voting tr.ctfs.
36*4 36%
36% 30%
Do
pref. 13,362 32*8 Jan.
*10
20 Or. RR. & N av.C o. vot. tr.ctfs.
'1 0
20
§15 Jan.
§40
*41
43
40
338 37 V Jan.
Do pref., vot. trust.otfs.
1 9 * 21 Phila. & Reading all Inst. pd. 34,127 1 9 * Apr.
20% 21*4
1st prof., votin g tr. certifs. 11,259 *41*4 Apr.
41*3 42%
41*4 42
25% 25% 2d pref., voting tr. certifs.
525% 26
3,883; I 25 V Apr.
•11* 14
11% 11% Pittsburg Ginn. Ohio. A St. L.
100 11*3 Mar.
*47
50
*47
50
Do
pref.
497s Mar.
R io Grande W estern................
43 §116 Mar. 8 §119 Jan. 18
*117*3 118*3 & ii7 117 Rome W atertown & Ogdensb.
60 8t. Louis A lt. & T. H.,tr.reots
*56
*56
60
4%
4*3
423
4% 4%
& San Fr., vot. tr. otfs.
4 * Mar.
5 V Feb
4
•3
7
%
38%
38
38%
786 37 Jan.
4 0 * Mar. 4
Do
1st pref.
13
13
13
616 1 2 * Jan.
13
Do
2d pref.
16 Feb. 3
3
3
03
3 St. L ouis Southwestern...........
1 Apr.
175
4 * Jan. 18
0%
6%
Do
pref.
2,190
11*3 Jan. 18
6*3
3*3 Apr.
6
*18
23
23
•18
20 Jan.
22*3 Jan. 13
87
•80
87 |
*80
§ 87 Feb. 3
Do
pref.
§85 Mar.
‘ 115 117 '115 118 St. Paul Minn. & M a n itoba ...
200 114 Jan.
118 Mar. 3
14% 1 4 *
14*3 14%
1,540 13*3 Jan.
1 5 * Jan. 18
8%
8
8 Southern,voting trust, oertif.
989
10 Jan. 16
8%
7 V Mar.
3,775 2 4 * Mar.
26*4 26*4 26*4 26% Do p ref., voting trust, oert.
29 V Jan. 19
•8
8%
8%
8 Apr.
105
10*4 Jan. 18
8%
5%
5%
5%
5%
10 Jan. 5
888
5*8 Apr.
•1%
100
2*3 Jan. 6
1%
I V Apr.
•5%
b%
520
7*e Jan. 16
5%
5%
4 V Mar.
12% 13
Do
12 V 13
2,420 12 Mar.
17*e Jan. 18
pref.
ellng
102! 1 Feb.
*1
6*3 Jan. 2
1%
1%
J %
4
53%
Do
51 4 Mar.
29 Jan. 5
•3 %
pref.
3%
•1%
17
I V Mar.
2*3 Jan. 6
1%
1%
*1 %
3%
3%
•3 %
col
10*3
20V
'*8
•13*4
*20
•47
47*
77%
•8
16*3
*162
71%
*40
*95
73%
*132
105
M onday,
Apr. 5.
CD*
Saturday,
Apr. 3.
*10*4 12 |American Cotton Oil C o........
14*
690 10*3 Apr.
557
57
Do
pref.
185 5 2 * Feb.
58
12*3 1 2 % Amerioan Spirits Mfg. C o ....
3,614 10 Mar.
14*3
Do
pref.
2 ,1 0 2 26 Jan.
32*8 32%
34V
113*4 115 Amerioan Sugar Refining Co 193,692 109*8 Mar.
118V
1 0 2 * 102 V
Do
pref.
105*
1,209 100*4 Jan.
7 4 % 75 Amerioan T obaooo C o............ 10,964 67*3 Feb.
79*3
•106 103
Do
pref.
204 100 Feb.
108
9%
9 % Bay State G a s ..........................
670
13*
8 *3 M a r .
8 0 * 82 Chicago Gas Co., oerts. o f dep. 86,875 73*4 Jan.
82
4,787 136*3 Jan.
§160 Hi 160*3 Consolidated Gas C om pan y..
161*3
31% 31% General E lectric C o.................
2,197 30*3 Mar.
36*4
23% 23*3 National Lead C o.....................
551 2 1 V Feb.
26V
91*4 91%
Do
pref.
92
343 88 V Feb.
•3%
4*8 North Amerioan C o.................
234
. 5
4 Mar.
26% 27% Paoiflo M ail...............................
4,970 24 Jan.
27V
' 86*0
P ipe Line Certificates.............
159 •158% 160 Pullm an P alace Oar Company
163
145 152 Jan.
02% -61%
Silver Bullion C ertifloates....
62 Mar.
65*4
7
7 Standard R ope A T w in e.........
6%
1,172
6*e Mar.
11 *
25% 24*4 25% Tennessee Coal Iron <& R R ... 10,495 24 Mar.
31
*6%
7 United States Leather Co.......
6 * Apr.
0%
9*
435
56
55%
55
64
Do
pref. 39,161 53 V Apr.
15% 16*3 United States Rubber C o..
15*4
660 13 Mar.
25*4
6 3 * 65*3
63%
2,784 61 Mar.
Do
pref.
76V
82% 81% 82 W estern Union T elegraph___ 30.061 79*3 Apr.
86*3
$Less than 100 shares, t Range dates from listing on Exchange, April 8. { When issued.
10*3
57%
12*
32
111V
10 2 %
72*
4107
*9*3
79
159%
31%
423%
491%
43%
26%
*86*3
159
*61*
6%
25
0%
5 4%
*13*
63%
80*
11
57%
13
32V
H 4V
10 2 %
74
107%
10
80%
101%
32
23%
92*4
3%
27%
Jan.
Mar.
Jan
Mar.
Mar.
Mar.
Jan.
Mar.
Jan.
A pr.
A p r.
Feb.
Jan.
Feb.
Jan.
Mar.
16
9
9
15
3
15
14
12
6
9
8
2
19
23
18
18
Mar.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Mar.
3
27
19
18
19
19
19
5
16
THE
X K i? Y O R K S T O C K
E X C H V S U E P R I C E S ( C t i n U u a e il) — L V X O T r i 'f f
Apri i
Bid,
t Itsdlc»s#*«U*t«a.
Haalro* d sta ck .*.
CHRONICLE
Karim- (Sales) tn 1897.
p.
Ask.
S T O C K S .
I nactivk Stocks,
I Indicates unlisted.
Eights t.
Lawut.
[VOL. LXIV
(%
I n d ic a te s a c tu a l s a le s , j
April 9.
Bid.
Mange nates) in I897.
Ask.
Lowest.
m iscellan eou s Stocks.
Adams Express........................ 100 148 150 U 7 k Feb.
American Bank Note Co IT......
43
44 >s
....
2b 100 115 125 Jan.
lou ilia 1123s 109>s Jan.
100 1*9
Amer. Telegraph St Cable..
85% Jim.
100 11010! 1001a 85 Jan.
Brooklyn Union Gas______
100
k
%
% Jan.
100 ; 10/ ......... 103 Feb.
ioo
%
Jan.
h>
100 u s
17 Mar.
TOO
07
75 Feb,
100
3k
■I'll 3 hi Mar.
100 lfO
100 30
40
35 Feb.
100
20 Jan.
100 100's 108 101% Jan.
Edison Eleo. LI. of Brooklyn. 100 101 102
97 Feb.
100 63% e-i'4 63 hi Apr.
Erie r
33k 30 Feb.
100 133
100
Jett. <fcU.'oaif, V. At I, prof.... 100 35
100 *214»
22 *2 Jau.
100 73
78
70 ^ Mar,
.
100 40
50
100 . . . . . ____ 12 Jan.
100
50 Jan.
100 41
50
38*4 Mar.
100 12
13
12 -Mar.
100
3
6
4 Mar.
100
5 Jan.
4
6
100
S1^ Apr.
8>* 10
50 325
340 Mar,
1 Apr.
100
2k
1%
100
11% Jan.
8
100 112
102 Jan
65 Apr.
Tennessee Coal & Iron, prof. 100 165
6 Apr.
100 .
... 45
37 Feb.
100 40
100 n o i
97 Jan.
175
170 Feb. 177). Apr.
8
10‘s
» Jan. JOtj Jan22% Apr. 27 Jan.
..1045 20*1 24
U*2 105 102 M-tr. 10ft Jan.
Riwtrtu Jk st. Y. Air U ba prai
20k Jan.
C0 k Jan.
iuirt. ..
--.or A Pittaburs-liX
10-Vl 20
55 Feb, 55 Feb.
45
56
"
.......... ..xm
72
Feb.
75
70 Feb.
68
Burl 0*4 &r BMSfUU A Sot. . . ...lo t
5 Jan.
5
i Mar.
s
fJklcMia <ir«t WeutttD......
40 Feb. 10 '* Mar.
-i*CK
40
50
1C2 170 106 Feb. 168M Jan.
C rv, *»4 A PlttihUTK..........
Feb.
7%
h>. 7*» Apr.
He*
A Foi Dodge.,..
.. . .
80
so
3»s Feb.
2 >4 3H Feb.
DuUitli # 0. Shore & Atlantic" t.lOt
2k
8 Jan.
8 Jan.
6
9
30H Jan. 4083 Jan.
37
13
Eyxn..vlUe It Terre 11. pref.. ...5t
_
......
10
Mi
r.
Il's
Mar.
..u
x
Flint A Fere MnWjncUe.........
30 Mar, 37 Jan.
..100
•
1
0
.1
0
0
25
Ciwea
A Western*.*.,...
....
50
....
M i . rents. A ..................... 1000 35
5 Jan.
4 Apr.
4
5
c-rtfs. B..................... ICOO
H Feb.
6 Feb.
7
Kwsaw.li* fit M i e h i g a a . 4
3 Jan.
2 reb.
2
Erekak & Dc»Mcin»*----- — 100
14
12 Mar. 28te Jail.
12
........
.........
32
F. b.
35
32
Feb.
Keokuk fit W M vrn.. . . . . . . . . .
23
±*i Jan.
M Jan.
. 106
IK* Jar.
..100
8 Jan.
8°s Jan.
Meado*n Central..*....-. . . . . .
1 Jan.
18) 1M Mar,
i
Mexican. National tr. etfa....
50 163 165% 163% P. 1). 167 Jan.
Morris A Essex.............. .
300
Mar.
300 310 215 Feb.
N. Y. A Harlem......................
. . im
119 Jan. 122 Mar.
12*41
Mar.
12
10% Mar.
Or. ShJWne & CJ.N.when issued. 100 11
% Mar.
•2k Jan.
Feorta Decatur<fe Evansville ..100
% 1
3 b! Feb.
3
H
3% Feb.
Peoria A Eastern .................. ^100
Pitts. Ft. \Y. A Chic. guar.... -.100 162 170 162 Apr. 169*3 Mar.
175 186 180 Jan. 185 Jan.
Rensselaer A Saratoga..........
Bio Uraotlo A'.-stern pref—
30
38% 10 Feb. 40's Feb.
....
....
25
Toledo & Ohio Central............ 1(M) 15
50
—
75
....
Preferred.. . . .
............ .
* No price Friday latest price tills week.
t Actual sales,
.a o t
Eighetl.
155
Jan.
__ m
125 Jan.
113 Mar.
91% Jan.
106%! Apr.
“s Jan.
105»s Apr.
1 Jan.
27 Jan.
75 Feb.
4 % Mar.
37k
2ft
1(7
103
67
42
Jan.
Jan.
Mar.
Mar.
Jan.
Jan.
25
78
Jan.
Mar.
__
12 Jan.
52 Feb.
52 Feb.
15 Jan.
ft Jan.
5 Jan.
10% Jan.
340 Mar..
1% Jan.
11% Jan.
108 Feb.
70 Jan.
6 Apr.
40 Jan.
102 Mar.
NEW YORK STOCK EXCHANGE PRICES.—8 T A W BONDS A P R IL »
SECURITIES,
Bid.
Ask.:
AiaKima-eki.-..- A, A to 5---- 1900 106%
104 .........
Clara B, 6a.................
. 1906 100
Class C .4».................
Currency funding 4s.
100 |
Arkansas—Or,fund. Hoi
Son Halford..,........ .
To, Arkansas Central
Lou! .etn a—7s, e o n s __
Stamped -Is.... t— ...
New consoL. 4*................... 1914
94 b.
SECURITIES.
Bank*
COO*emitted.)
Chatham RR........... .
Special tax, Class I.
6s................ .......................... 1919 124
South Carolina—Alas, 20-40..1933 105
6s, non-fund.............. . ..... 1888
j Loam, |Specie.
vm
1,716,2
24,416,0
25.058,81
1.217.7
19,928,7
7.508.0
4,758,0!
3.662.1
23,875.4
139,6
3,194,0
8.171.2
156,8
3*043,5
1,213,0
848,0
378.8
8*030.2
1.370.1
2.809*0
151.0
442.0
8.502.2
Bid. ! Ask.
Legal#. Deposits,
1.545,0
013.8
2.639.2
244,3
2,754,1
14,140.1] 4.344,6
7.32-,.-, 1,175,0
2,338,2
240,5
3*019,8
541.7
067,1
5.911,8
5,616,21
010.8
850.0!
279.0
3.964.0 25!eli;o
5,210.6 34.254.6
225.0 1.193.5
5,654,8 23.562.3
1.202.0 8.700.0
960*0 5.746.0
705,2 4,113,0
2.340.4 23,159,8
1.904,4) 10,774,5
210,5
444,0
356,8.
418,7;
7,258.0
401,8
872,2
1,881,2
1.315.5
3,382,0
3.321.8
2.612.8
23,757,1
8,853,9
2.915.5
3.882.8
6,033, 3
7.504.8
2i §*0
1M l
400,0 1,855,1
4,0811,7} 884,1! 1.076,0 6,301,2
2.8Ifi.o! 208,01
888.U 2.414,0
6,74 .0 805,0! 2,330.0 8,151,0
1.09* ,0J 19U>!
252,0 1,475.0
151,0: V.
i
854,51 4,014,2 14.304,0
i2,701
5,87 M 044.51 1.131.8 0.177,0
1(1,67 ,4 1,008,2 1,717,8 11.575.9
010.2 2.025,8
248.0! 2,42* . i t 230,2
353,9j 8,841i,4{ 662,3)
403,9 3,440,6
02,785S,7;86,988,3'103,984,9 5(10.220,5
Do
New series__ 1914
Compromise, 3-4-5-03.......... 1912
New settlement 3s................1913
Redemption 4s......................1907
Do
-i’ es......................1913
Penitentiary 4 j2S_____ ___ 1913
Virginia funded debt, 2-3s___1991
6s, deferred t'st ree'ts, stamped.
75
! 80
6 3 % .......
5 , 6
New York City, B oston and P h iladelph ia B anks:
Capital fi 1
V
.
OANTts, Surplus, [ Loans.
Specie, Legate. Deposits.* j OircTn Clearings
$
$
N. Y .M
■ $
Mar. 13.. 134,600,8.1505,912,5 85,274,1 11:2,262,1 578,093,8 16,211. 495,464,4
0
20 .. 133,853,41506,370,0 85*534,2 106,216,0 574.328.5 15,952,. 556.855.1
.......... 105,829,0 571.723.0 15.826.8 500,924,8
_____ ■ ..... |___ ■85,996,9
“ 27., 183,726,5/604,478,2
Apr. 3,. 133,726,5 502,732,7 85,988,3 103,984,9 569.220.5 15.701.8 568.838.1
Bos.*
Mar. 20.. 69,351,8 i 78,455,0! 10,072,0[ 8,229,0 165.094.0 9.475.0 88.430.0
“ 27.. 69,351,8] 178,097,0 10,388,0) 7,581,0 162.283.0 9.383.0 80.742.0
Apt- 3. 69,351,81178,413,0 10,123,0? 0,864,0 162.392.0 9.361.0 99.258.9
Phila. *
39.378.0
116.921,0 6.924.0 57.970.9
Mar. 20*. 35,263,0:106,940,0
38.710.0
116.408,0 6.910.0 52,915.2
“ 27.. 35.203.0 107,226,0
38.135.0
117,153,0 6.980.0 64,109,5
Apr. 3. 35.263.01108.207.0
* IFtJ0'iiit t wo ciphers in all these figures.
f Including for Boston and Philadelphia the item “due to other banka” ,
Miscellaneous and U nlisted B o n d s:
Miscellaneous Bonds.
Miscellaneous Bonds.
Ch. Jun. &S. Yda.—CoLt.g.,5s ♦105 b. Jeff. <fcClear. C. & 1 .1st g. 5s <100 b.
2d g. 5s .......... - . . . . ...... * 7 7 ^ .
ColoradoC, & 1.1st cons. 0s,g. * 90 a.
Colorado Fuel & I.—Gen. os. * 81 a. Manhat. Beach H. & L. ft, 4s.
Motropol. Tel. & TeL 1st 5a..
« oL & Hook. Coal. «feI.—6s, g.
Cons.Gaa Co.,Chic.—1st gu.5» 90 h Mich.-Benin. Car 1st-5s.....
De Bardelebon C. I.—g. ds. 82 b. Mutual Hidon Tel eg.—Os, g..
Del, Gas 0011. 1st 5 ............ 71%b. Nat. Starch Mfg. 1st0s..... 101 %b.
Edison Hied, 111. Co.—1st 5s.. 112 a. N. Y. & N. .T. 1 efep. gen. 5s.
Do of Bklyn., 1st 5«.. 109 b
Bquit. G.-L , N. Y.,con8.g. 5s.
Equitable G. <&P.—1st 6s— 100 b
Erie Teleg. <fc Telep. 5s, g... tin b
1st cons. g. OsGalveston Wharf Co.—1st 5s DIO 1> South Yuba Water—Con. 6s.
Henderson Bridge—1st g. 6a. ♦107 h. standard Rope «&T.—Inc. 5s. 18 b.
Illinois Steel deb. 5 s...........
Sunday Creek Coal 1st g. 6s.
Western Uni«>n Teleg.—7a...
Nomconv, oeb. oa— .........
Wheel,E.E.&PittB.C. ai ist5s
Inf. Coud. & I ns. deb. 6a......
Nqtk —“0” indlcatos price hid; “a” price asked. * Latest price this week.
Bank Stock L ist— Latest prices. ffNew stock. *Not Listed.)
BAHK8.1
Bid. Ask,
BANKS.
Bid.
Garfield..... 500
170 German Am. 1 HI
German l£x,* 350
Germania..,. 350
250 Greenwich..- 105
140 Hanover...... 8‘JO
170 11 detfc L.*-. 80
Hud. River.. 155
300 1m.«feTrad1!. 525
4500 Irving....... . !•)(>
Lesr her Mis’ 180
140 Liberty*.... 132
750
210 Manhattan,.. 220
14(1
■ 200
295 Meehanics’- .185
M’chs’ tfeTrs’
Meroantil©**. 160
8800 Merchant.’ .. 140
Merch’t. Ex. 115
MeiropoJ’s.., 425
150 Mt. .Morris.. !'!>
-Nassau .... 156
185 H* Aras’dam. 190
l i t 880 New York... 230
Gansevoort.. 90 105 1K. Y. Oo’nty 700
America....... 315
Am. Kxch... 373
Asfor Place* 225
Bowery*...... 300
Broadways--- 230
Butidi.&Dr., 125
Centralt... . 1(50
Chae-e.**,,..-. Chatham...... h
Chemical-... 4000
City..........
* Citix'-ns’...-Columbia—
Commerce..- 200
Conti cental. 130
Corn Exoh... 285
Hast River.. 135
11 th Ward.. 200
Flf'h Ave— 3000
Fifth*...... . 250
3000
FirstNmS. I. 120
14th street..
H i
rten ta i....___|
300.0;
394,2:
bporter*’ A Trad’ r*; 1 ,500,0 5,555,5
___i 2,000,0 8,202,6
m i KSv* r . ... ..
250,0
188.8
jtin h ........
3,200,0 2,040,8
*BO*i---- . . . . . . . ___\ 1,000,0
500,3
'cond . . . .
S 300,0?
070,7
750,0
200,1;
Lr*t.. . . . . . . . . . . . . . . . . . 1 500,0 7,028,7)
1*000,0?
244.8!
. \ . N »"*l Jhxch’g c . s 800,0.
75,0 i
t>WiPXf . -.a.-,
250,0!
W M
e k York CY>itttty.,|
2Ofl.0f
-126,3 :
»ri»* a A mm’
,,'
750,01 280*4}
- ... ; 500-0 1.481 J
ifth A retHie............!
100*03 1*108,3':
55f»2:
mmAm ife'XcJjbfthgt-.. { “ OO.Oi
Q
088,0
,f •**»**+*> \! 200,0
.1892-1898
102
Bank of New York. $2,000,0 $1,894,3 $12,400,0 $2,100,0 $1,800,0 $12,700,0
MAlihanan Co..——. 2,050,0 2,103,1 14,364,0; 2,672,0! 1,778,0; 15,819,0
Meroba&Sa*- - ... . * | 2,000,0: 1,018,5! 12.646.2 2,737,0 1,126,1 15,043.0
Mechanic*’ ...... .
2,000,0 : 2,050,2! 8.797.0 1,159,0 1,768,0! 8,314,0
America................. ; 1,500,0 ■ 2,470,3: 19,008.9 2.466,7 3,790.8- 22.561.5
Fbantx.......
1 1,000,0
291,0
359.1 3.849.0
602,0 3.409.0
City....... .................! 1,000,0 3.608.7 22.461.3 6,978,1 9,554,0; 34.361.1
750,0
Tradesmen**..----...i
2.480.0
217,5
431,8] 2.360.7
98,6
Chemical..— ......! 800,0 7.339.0 24,039.2. 4.342,4 4,114,8! 24,840,3
850.0'
Merchant#’ Kxch’ge
600,0
503,8; 5,138,5
169,8! 4.473.8
Hail*tin..,.-----—...1 1,000,0. 1.689.7 6.071.3
819.0 1,665,7, 5.622.4
Batchers* fit Brov’rs’
800,0
153.4
181.7
101,3! 1.233.0
1.297.8
230.0
Me haides* fit Trad'ej 400,0] 224.8 1.940.0
240.0 2.005.0
Gr*'-uwich....... ... j 200,0
105.1
150,9;
958.5
870,1
Leather Mafiufao’ra. I 600,Oj m
331,3
3.887.2
3.200.3
253.2
Seventh... . .. . . . . . . . . j 300,0
1.038.4
94,0
1.977.3
Stateof New York.! 1,200,0' 525,3) 3.096.5
358.5
684,8 2.432.3
American Exchange 5.000,0 2,5t% 8 22.692.0 2,621,0 -1,910,0 19.725.0
Contft.er* e .............- 5,000,0 8,657,5 23.143.4 2.694,6 3.387.0 18.019.5
Broadw a y . 1,000,0 1,577,1! 5,625,3
725,6
682.0 4.924.0
Mercaat ile........... j 1,000.0 082.01 8,031.3! 071,1 1.750.1 8.405,9
PaciBc.. . . . . . . . . . . .. .
422,7
2,442.4) 430,5
082,0 2.980.8
490.4
Kepohlle............. 1,500,0
1.351.9 13.755.2
84.8,6 12,491,7 2,335,2
584,8 1.078.9 6.353.1
460,0; 975.4 8.204.6
CSiatbem
People
400.2 2.400.7
243,0
200,01 338.4 1,702,5
North America.—...] 700.0
582,1. 6.241.8 1,112,2
1.017.2 7.618.0
Hanover.
....... 1,000.0 2.044.8 37.493.0 5,411,3; 2987,1 23.156.0
247.0
Irving................
BB8.0 2.905.0
2.938.01 288,0
500.0
ClUxene*. — . . . . . . .j 600.0
2,537,5
511.0
804.1
410.2 2.913.7
Kkwaq... . . . . .. . ..... j 500.0 282,4: 2.468.9
192.0
709.0 3.257.3
Market <2 Fallon... i 900.0
647,5 1,097,4 5.985.1
968,0: 5,819,3
8h««4t Leather-..., 1,000.0
115.4 3.147,5, 429.7
409,5 3.540.9
Corn Exchange. .... 1,000,0 1.243.0 7.697.7 1,363,6
9.395.3
OoetinentaL........ !
4.998.0
003,0
S8ff:? 5.876.5
IPitrk,.
SECURITIES.
6s, new b on d s___...1 892 -8-1 900
_____ 1900
TTe omit two ciphers (00 J in all cases.
Capital,
Ask.
Tennessee—6s, old........ 1892-1998
Non York City Hank Statem ent for the week ending
tp ri!:{, 1897.
Bid.
Ask.
BANKS.
iN.Y.NftiJEx
.
jNinth.......
19th Ward.
____ |N. America
Oriental__
84(1 Pacific.....
95 Park........ .
People’s__
550 Phealx__ _
150 Plaza*........
..... Prod, Ex.*.,,
Ret'ttbiie...
030
240
195
135
145
120
105
170
240
-----
Bid. Ask.
95
115
100
135
170*
260
210
104
195
190
II
110
205
125
Uf> 100
100 170
Second...... 425
Sevmith.
100
Shoe *feLe’th 90
St asoof N.Y. 114
Third......... 90
Tradesra’n’s. 95
12th Ward*.
Union....... 2 0 0
Union Sq.*„. 175
Uii’d States. 175
Y'orkvllle*... 170
j Western...... 114
' West Side... 275
100
iso”
i'95”
200
m m
m
THE
S.PSIL 10, 1897.]
699
CHRONICLE,
BOSTON, PHIL4 0 ELPIHA. AND BALTIMORE STOCK EXCHANGES.
^
Active Stocks.
f Indicates unlisted.
Satnrday,
A pr. 3
Atch. T. & 8. Fe.(Boston). 100
A tlantic & Pao.
“
100
B altim ore & Ohio ( B a i t . ) . 100
Bait. City Pass’ger
“
25
B altim ore T raction “
25
B aitim oreT rao’nfi(PAiL). 25
B olton & Albany(Boston).100
B olton & L ow ell
“
100
Bo3ton & Maine.
“
100
Central o l Mass..
“
100
“
100
P re fe r r e d .......
Chle.Bnr.& Qnln.
“
100
Chic. MU.& 8t. P. { P h i l . ) . 100
Choc.O&G.vofct.o
“
50
Cit. 8t.B y.of Indfi
“
100
Fitchburg prof.. ( B o s ! o n j .100
Lehigh V a lle y .. ( P h i l a . ) . 50
M etropoTnTrao.fi “
100
Me clean Cent’l ( B o s t o n ) . 100
N ew E n g la n d ....
" 100
•“referred ..........
“ 100
Northern Central ( B a l . ) . 50
Northern Pacific ( P h i l a . ) 100
Preferred
“
100
Old C olony, . . . ( B o s t o n ) 100
P en n sy lv a n ia . . . ( P h i l a . ) . 50
Phil. & Beading. 1
“
50
P iiladelph. Trac.
“
50
U lion P acific.. . (B oston;. 100
U alon T raction . . ( P h i l a . ) . 50
H ls c e lla n e o n s S t o c k s .
A n.Bug’r BeHn.1l ( B o s t o n ) . . . .
P referred.........
“
B e’l T eleph one..
“
100
B o it « Montana.
’’
25
B dtte & B oston.t
“
25
Calumet & H ecla
“
25
Canton C o .......... ( B a l l . ) . 100
Consolidated Gas
*’
100
E ee.8tor. Bat’ yfiiPftifa.). 100
Preferred It
“
100
E he Telephone. ( B o s t o n ) . 100
G sneral Electric.
“
100
100
P referred ........
Illinois S te e l___
“
100
La nsonStoreSer
“
50
L eh‘’h CoalANav. ( T h i l a . i 50
N. E.Telephone ( B o s t o n ) . 100
Pa.Heat.L.& PowfPAtfa.)___ _
U n't’d Gas Imp.fi
“
50
We shaoh Light 1)
“
5
West End L an d . . ( B o s t o n )
• Bid and asked prioes; no
10*
Tuesday,
A pr. 6.
10k
10%
10k
*12k
65
20*
20*
65
•61% 6 5 k
20 k
20% 20
20%
19% 203s
*
21 2 k 212 2 1 2 k
*212 213
212k 212k
*160
161 161
•9 % 1 0 k
*9 % 1 0 k
*56
58
*56
58
71% 72 k
70% 7 1 k
73 k 733a * 723s 73
7k
7k
7k
92
23%
92
23%
8%
8%
*71 k
12 k
35%
178%
5238
10*8
70%
*5%
11%
110 %
101%
*218
119k
16k
1 2 k *12k 12 k
38
*35 k 36
178% 179 179
52 k 52%
52k
103g 109,„
10k
70%
70 k 70%
6
*5 % 6
11
Ilk
u%
60
2S k
u,
Ask.
Wednesday,
A pr. 7.
10 %
10k
10k
*12k
"1 2 k
*64
66
65 k *64
19 k 1 9 k
19 k 19%
19% 20
1 9 k 19 k
212 21 2 k 2 1 2 k 21 2 k
214 214
213 2L3
161 161
*162 164
* 9 k 10 k
*9k 10k
58
*56
58
*56
71%
71
70% 70%
72% 7 2 *
73
73%
*
7k
7k
7k
........
92" 92 k *91 k 9 2 k
23* 23*
23 k 23%
_t_
104 104
3
8
8
8
13
18
___________
*
72
71k 71k
* i2 k 1 2 %
12% 12%
*35% 31% *36 k 36%
178
178
17 3 k 1 7 8 *
5 2 * 53
52% 5 2 *
10%« 10 k
10k 1 0 k
7 0 k 70 k
70 k* 70 k
5%
•5 %
6
5%
11
11
n % I lk
1 1 1 % 111 l l t k 1 0 9 k
101% 1 0 1 * 102
102
218 21 9k 218
12 0k 120 120 k 12 0 k
16*
15 7g 17
16
370 370 *
375
Bid.
9.
A t anta * Charlotte (B ail.).100
B o iton &■ Providenoe ( B o s t o n ) . 100
Ca nden A Atlantic p l . ( P h i l a . ) . 50
C aiaw issa___________
"
50
1st p re fe rr e d _____
“
50
Ce itral O h io .............. ( B a l t . ) 50
Ch oago A West M ich.(Boston).100
C onnecticut A B ass..
“
100
Co nnectient River . . .
“
100
Co isol. T r a c t o f N\J.1[(P/iUa.).lOO
D e'aw are& B oundB r.
'*
100
F i’nt A Pere M a r q ...( B o s t o n ) . 100
Preferred ...............
“ 100
H estonville Passeng. ( P h i l a . ) . 50
Preferred fi............
"
50
H a lt . A Broad T o p ...
“
50
Preferred.................
“
50
Kan. C’yF t.8. A M em.(Boston).100
Preferred ....... ........
“
100
Little Schuylkill......... ( P h i l a . ) . 50
M a'ne Central___ . . ( B o s t o n ) 100
Mine Hill A 8 .Haven ( P h i l a . ) . 50
N e w n e b o n ln g V a l...
“
50
North Am erican C o ..
“
100
N o-th Pennsylvania.
“
50
Or S h.Llneauaeat.pdr B o s t o n ) . 100
Pennsylvania A N, W.( P h i l a . I. 50
Pktladel. A Erie.........
"
50
Rutland ................ . . ( B o t U m ) . l O O
Preferred.......... ..........
“
100
S o ith e r n ....................... ( B a l t . ) .100
Preferred...................
“ 100
West E nd....... . . . . . . . . ( B o s t o n ) . 50
Preferred ..................
“
50
United Cos. o f N. J - . ( P h i l a . ) . 1 0 0
We it Jersey .................
“
50
Western N.Y. & Penn
“
100
Wisconsin C entral. . . ( B o s t o n ) . 100
P referred ....................
“
100
W oto’st.Naeh.ABooh.
“
100
MI8CELLANBOUS.
A lonez Min’ g, asst p df Boston). 25
Amer. B y .E l.L ig h t.. ( P h i l a . ) .
Atlantic Mining.........( B o s t o n ) . 25
B sy State Gas fi_____
50
B naton L and.................
"
10
Centennial M in in g ...
“
10
F ort Wayne Eleot.fi..
“
25
Franklin M ining.......
“
25
Frenohrn’n’ sB ay i / d .
“
5
K e irsarge Mining___
•*
25
O iceola M ining.. . . . . .
**
25
Pullman P alace Car.
'
100
Pennsylvania Steel.. ( P h i l a . ) . \ 0 0
Preferred fi...........
<<
io o
Q iin ey M in in g ........ , B o s t o n ) . 25
T tmarack Mining___
"
25
W »ter P ow er.................
“
io o
W sstlngh. Elec. A M ..
**
50
Pref., cumulative
“
50
A B o n d s —B o s t o n .
At. to p . A 8. F. general g. 4s, 1995
Adjustment g. 4s, 1995...............
B oston United Gas 1st 5s..
P r ic e s o j A p r il
92
92"
2 3 k 23%
.. .. . . . . . .
8
3%.-,
60
60
21
23
24 k 2 1 %
*64
* 6 lk
31% 31% *31% 3 1 *
75
*73
75
*73
32% 3 3 k *32* 3 3 %
*21
2 1 k *21
2 lk
38% 38 k *33* 39
*10Ok 102 x lO l 10 l
. ....
11% ilk
, ...71
7 2 k 72%
40
40 k
40 k 40%
*2
2%
*2
2%
sale was m a d e .
69
23%
Inactive Stocks.
•Price tana !*•*
10*
S h a re P r ic e s — n o t P e r C e n tn m P r ic e s .
Monday,
A pr. 5.
60
22 k
24
64
" 3 ik
*73
32k
*21
*33k
101
13%
72
38%
*2
H O k 1 1 0 * 112
102 k 1 0 2 % 10 2 %
220
2 1 8 k 220
1 21 k 122 12 4 *
16% 16%
16 k
370 370
375
Thursday,
Apr. 8
10k
1 0 's
*%
*12%
*64,%
2i
19%
1 0 's
%
13%
65%
20 n
203g
*63
66
19k 19%
19k 19*
2 1 2 s 2 12 %
2 1 2 k 213
*212 214
■212 213
*162 164
'181 163
11
* 9 k 10 % *10
*56
58
71% 7 2 k
73 k 73 k
7k
7k
.........
92
p i'k
23% 2 3 *
8%
8%
53
58
*71 k
12k 12 %
*36% 37
*177% 179
5 2 * 52%
10 k 1 0 k
70% 70 %
6
*534
11% n %
11 2k
102k
218k
125
16 *
370
60 * ...
60
60k
23
19*
20 k 2 0 *
24
23
23
21
61
63*
64k 64k
31% * 3 lk 3 1 * *31%
*70
75
*73
7*
32
32
32%
32 k
22
•2 1 % 22
*2 1 %
39
38*
*33k 39
lo l
101 1 0 lk *101
14
14
13% 14
72
72
72
71%
38%
38% 39
39%
•2%
2%
2%
2%
t
Bonds.
10k
Friday,
Apr. 9
Bid
H 4k
10 2 k
214 1
126%'
17k1
370
60
20k
22k
64 k
32
75
32%'
22
33
39
39
102
101% 102
14
*14
14%
71%
71% *71
49
39% 39%
*2
2%
2%
Trust receipts.
Ask,
Sales
o f the
Week,
Shares.
B angs o f sales in 1897.
H igh “ St
Lowest.
711
9% Mar.
T5 Feb.
12% Mar.
59% Jan.
17 Jan.
17% Jan.
209 Jan.
205 Jan.
159% Feb.
9% Mar.
56 Mar.
69% Jan.
71% Mar.
7 Mar.
16% Mar.
91 Jan.
20% Fen.
103% Apr.
7% Jan
18 Apr.
57 Feb.
6 7 k Jan.
i l k Mar.
3 3 k Jan.
176 k Jan
5 1 * Jan.
9 7a Apr.
6 6 * Jan.
5 k Mar.
8 7e Jan.
29
17
29
13
11
7
4
2
9
29
26
5
29
30
17
14
18
9
12
6
15
27
29
15
5
2
9
5
29
5
12% Mar.
*37 *s Jan.
17% Jan.
65 Mar.
2 0 7g Apr.
2 0 7e Apr.
217 Mar.
214 Apr.
166 Jan.
11 Jan.
58 Mar.
78 % Mar.
78% Mar.
8% Feb.
25% Jan.
94% Mar.
3 0 7e Jan.
110% Jan.
9% Jan.
3 7 k Jan.
6 1 k Jan.
72 Apr.
16 k Feb.
39 Feb.
180 Mar.
53 k Mar.
14 Jan.
74 Mar.
9 Jan.
13 k Mar.
109% Mar. 29 118 k
10 0 k Jan. 6 105 k
2 0 5 k Jan. 4 2 2 7 k
9 4 * Jaa. 2 129
6 Jan. 1 1 20
326 Jan. 2 390
60 Jan. 8 6 7k
59% Mar. 27 62%
19% Apr. 8 31
21 Apr. 8 33
63% Apr. 1 67%
30% Mar. 29 36%
72 Mar. 30 78
30 Feb. 13 41%
20% Jan. 6 23%
38 Mar. 29 42
101 Apr. 5 103
13% Jan. 5 16
71 Jan. 6 74%
38% Apr. 6 47
l 7sJa n .
2%
t reo.,all Instal. paid.
B onds.
73
People’s T rac. trust certs. 4s..1943
Boston United Gas, 2 d m . 5 s ..1939 li 71
118
Perklomen, 1st s e r .,5 s .l9 1 8 , Q—J
Bnrl.A Mo. R iver E ie np t 6s, J&J I iii7
262 265
Non-exem pt 6s_____ 1918, JA J if 107 108
Pnlla. A Erie gen. M. 5g.,1920, AAO
Plain 4 s ..........................1910, JAJ li 95
Gen. m ort., 4 g ___ ...1 9 2 0 , A AO
98
3%
Ohio. B nrl.A Nor. 1st 5,1926, AAO |§104 104% Phila A Bead, new 4 g., 1958, JAJ
2d m ort. 6s . . . . _____ 1918, JAD i 99
99%
1st pref. incom e, 5 g , 1958, Feb 1
5 1k
28
30 k
Debenture 6 s________1896, JAD
2d pref. lnoom e, 5 g , 1958, Feb. 1
7
10
96
Chic. Bnrl.A Qnlnoy 4s 1922, FAA i 94
3d pref. tnoome, 5 g , 19 58,Feb. 1
146 143 | Iow a D ivision 4 s . ... .1919, AAO '§ 97
99
2d, 5s............................1933, AAO
240 250 ! Chlo.A W.Mlch. gen. 5s, 1921, JAD 5 55
60
Consol, m ort. 7 s........ 1911, JAD
28
58
Consol, o f Vermont, 58.1913, JAJ: § 55
Consol, m ort. 6 g . . . . . . l 9 1 1 , JAD
165 ..... Current R iver, 1st. 5a..1927, AAO II SO
70
Im p rov em en ts!.6 g ., 1897, A AO
10
12 1 Det. Lans. A Nor’n M. 7s. 1907, JAJ * 55
60
Con. M .,5 g.,stam ped,19 22,MAN
30
32
Eastern 1st m ort 6 g .l9 0 6 ,M A 8 .. $120 121
Terminal 5s, g . . . . . . l 9 4 1 , Q.—F.
51 ! iTee.E lk. A M .V .,1st,68.1933, end. $128 130
Pbil. Wilm. A Balt., 48.1917, AAO
60% 62
Unstamped, 1st, 6s. 1 9 3 3 ... ..... $128 130
Pitts. C. A 8t. L ., 7 s ....1 9 0 0 , FAA
70
28 1 K.C. C.A 8pring.,lst,5g.,1925, AAO $ 60
Rochester Railway, oon. os ..1 9 3 0
49
50
82
K O. F .8 .A M . oon.6s, 1928. MAN § 80
8ohuyl.R.E.81de,lst5 g.1935, JA D
5
10
69
K.C. Mem. A B lr„lst,2 s,1 9 2 7 , MAS ‘ 68
Union Terminal 1st 5 s . ......F A A
40
30
$120JAJ122
K.
C .8 t. Jo. A C . B ., 78..1907,
90
54
A t M b l a ^ ' ^ S ^ f l g o y , J&J
L. Rook A Ft 8., 1st, 7 s.. 1905, JAJ r ? 5
121 124
Baltimore Belt, 1st, 5 a .1990, MAN
LonU .,E v.A 8t.L .,lst,6g.l926,A A O $103 105
58
2m.. 5—6 g ................. 1936, AAO { 85
Balt. C. Pass. 1st 5a — 1911, MAN
87
53% ..... Mar. H. A Out., 6 s.......1925, AAO {107 108
Balt. Traotion, le t 5a.. 1929, MAN
E xten. A impt. 6 a .... 1901, MAS
67%
4 k M eiloan Central, 4 g . . . 1911, JAJ $ 67
87
89 i lstoon sol.ln oom es.S g, non-oum.
16
No. Balt. DlV., 5a....... 194*2, JAD
16k
Baltimore A Ohio 4 g., 1935, A&O
6
8
15 k 16%' 2d oonsol. lnoom es. 3e, non-oum.
25 |N. Y. A N.Eng,, la t,7 s,1 9 0 5 , JAJ1 $120 120 k
Pitta. A Conn., 5 g .,..1 9 2 5 . F A A
20 | 1st m ort. 6 s .......... ...1 9 0 5 , JAJ $113 11 3k
18
Staten Island, 2d, 5 g.1926, JAJ
85 ! Receivers’ certificates, 6 a ..JA D
% Ogden. A L .C .,C ou .6 s... 1920,AAO 5 83
%
Do. Maryland Construe., 5 a .........1
15
Inc. 6 b ..................
.....1 9 2 0 ! $
8
8% Ru tland, ls t ,6 s ---------- 1902,MAN M 0 5 k 107
Do. Pltt8b. A Connells., 5a..J& J
Bal. AOiiio S. W .,lat,4 k g . 1990, J AJ
26 k 2 6 *
2d, 5 s......................... 1 8 9 8 ,FAA 5 97% 99
72
QapeF.A
Yad.,8er.A.,6g.l916, JAD
72%
B p n d t .—P h iia d e lih ia
Atlantio City 1st 5a, g., 1919,MAN 106%
9 1 k 92
Cent. Ohio, 4 k g ............1930, MAS
245
Buffalo By. con. 1st, 5a.......... 1931
Cent. Pass., lat 5 e _ ..—l9 3 2 , MAN
: : : : : : Latawlssa, M .,7 s ................... 1900,FAA
107
c ity A 8ub., lat 5a.........1922, JAD
Chari. C ol.AAng.ext.5a. 1910, JAJ
2% Choc. Okla. A Gulf, prior lien 6 s.. 106
107
2%
1
2
Citizens’ 8t.R y.of lnd.,oon.5s.l933
68
2
3
Columb. 8t. By,, 1st, con. 5s.. 1932
112 118
Columb. O. Crosstown, 1st,5s.1933
Consol. Traot. o f N. J., lst,5s,1933
89%
89
...... .1
*50 1-00 Del. A B’d Br’k, 1st, 7 s .1905, FAA 121
Easton A Am. IstM .,5s. 1920, MAN 106
"20 k * 2 i “ Elec. A People’s Trao. stook, tr. otf s 71% 72 ■ 6a................... . . ............ 1904, JAJ
4%
4% Elmir. A Wllm., 1at, 6s. 1910, J A J . 113%
Series A , 5a......... . ....1 9 2 6 , JAJ
4
4 V i ............................. .1925, AAO
4 k Hestonville M. A F., oou. 5s..1924 115
7%
7% Hunt. A Br*d Top, C on. 5 s. ’95, A AO 104
k
i ! Lehigh Nav. 4 % s .......l 9 1 4 , Q—J 1 1 0 k i i i
10^ 11
Virginia Mid., la t 6 a ... 1906, MAS
2d 6s, g old ................... 1897, JAD 103 k
2d Series, 6 s................. 1911 MAS
General m ort. 4%s, g . 1 9 2 4 ,0 —F
%
%
16
16% Lehigh Val.Ooal 1st 6a,g. 1933,JAJ
aTki1 3d Series, 6 s . ... .... ..1 9 1 6 , MAS
30% 31 | Lehigh Valley, 1st 6 s ... 1898, JA D 10 5k
4th Series, 3-4-5a....... 1921, MA8
158 159% ’ 2d 7 s....... ..................... 1910, MAS 129%
5th Series, 5a.............. 1926, MAS
22 k 30 | Oonsol. 6 ...................... 1923, JAD
West Va C .A P. la t, 6 g. 1911, JAJ
70 | Newark Passenger, oon. 5 s ...1930 107 108
T ilm . Col. A A ug., 6 a ..19 10, JAD
109 110 1 North Penn. 1st, 4 s ....1 9 3 6 , MAN 11 2k
MISCELLANEOUS.
119 119k
Oen. M. 7 s.....................1903, JAJ 119
Baltimore Water 5 a ...1916, M«S
Funding 5a___ ______ 1916, MAN
i
Paterson Railway, consol. 6 s . . . . . .
k
23
24
Pennsylvania g e u .6 s,r.,1 9 1 0 , Var 133
Exchange 3 k » ........... 1930, JAJ
50% 51
Virginia (State) 3 a ,n ew . 1932, JAJ
Oonsol. 6s, 0
............1905, Var 119%
Funded debt, 2 -3 8 ..... 1991, JAJ
Oonsol. 5 s ,r ______ ....1 9 1 9 , Var 1 1 9 *
Clieaapea&e Gaa 6 s . ... 1900, JAJ
680% 8 0 k
O o lla t.T r.4 % g...........1913, JAD
........
Pa. A N . Y. C a n a l,7 s ... "6 , JAD 122
C onsol. Gas.
-----1910, J A i
Oon. 5«.
....... . . . _1 'ion a *•/■»
582 I 83
H iJaunted.
fe And accrued interest.
Mar.
Mar.
Feb.
Mar.
Ma*\
Mar.
Feb.
Jan.
Feb.
Jan.
Feb.
Feb.
Jan.
Jan.
Feb.
Jan.
Jan.
Mar.
Feb.
Jan.
Feb.
3
13
8
26
2
2
4
7
18
20
3
18
15
5
20
15
2
5
30
19
7
1
1
1
1
15
18
4
7
3
3
12
20
16
15
1
6
15
1
29
24
2
20
18
1
14
26
18
3
12
9
Bid. Ask
9 6 V 97
96
116*
105
79% 80%
37
28
26
120
130%
101
101%
1 1 2 k 113%
i i '9%1
104
80
12 1 k 122
95 I 95 V
114 115
112V 113
105V 10S
112 11 2 k
100
104
98
luO
97
99
108
112
115k
10 5 k
103k
89
114
11 7k
114k
98
103
107% 108%
116
124
1 0 6 * io 7
73 k 73%
64
64%
106% 106%
117k
110 110 k
THE (JHK.ONJCLE.
r0U
MAY
Y O R K S l'O C K
K U L S 04O k»X>
MtSCkLLkKIIOUS I W « 0 » .
t 'X C H A N G E P R I C E S ( C o n t i n u e d ) —
c t a .i’ty ;Utngc (ta les) in 1897,1
M tt
Jrflk^S
f erioti a l>r.
L m rm t,
{ B ig h & tL
A C T I V E
fV'OL. LJilV.
B O N D S
A P R I L
9
A N D
F O R
Y E A R
1897,
R a n g e (ta le s )
R a il r o a d
and
M is c e l l a n e o u s B o n d s.
L o w e st.
Max. liiternat’l—1st, 4, g .19 4 2 M A 8
OoUttfc OH* 4ftt»«»$«.X WWj M r * . , 1 107 ii, ioo Feb. 109 Jan.
MlK*., l* t, D g.iyU .M a j> 77 Ai
81 v, Fob. !| JUob.Oent.—1st,cons., 7s. 1902!M A N
74 J«n.
80% Fob. (i OousoL, 5 s........................ 1902,M A N
74% Jan.
Ann AfDor.—l» t , 4*,
<*T*J 78
83% Mar. MlnmASt-U—lstoo n .5 s,g .l9 3 4 M A N
A.IL't. dsiXIt—N*?-w gen. 4s.X0U§|A A O 80>3 i 70% Jan.
Mo. K. A E.—1st 5s, g., gu.,1942 A A O
■1.7
43 Mur. 49% Fob.
jk4|D*£I&*mt 4a . . . . . . . . . . . X0t#5 Nov.
B‘ w »j^fe?UiA,r.~l8t.cMjn.s.&»,A3 J «& x> 118 b. I l 6 % ja u . 1 1 9 % Mar. M .K . A T exas.—1st, 4 * ,g . 1990 J A U
78% Apr,
2d,as, g ........................... 1990
' *
BrooAjyL Kiev, lat, 6 g . . . . l 0~4 ^ A O 77~„b. 70 Feb.
H a ie m E i o v 'f t i o a . — 0 g . . . . i 0 3 i m d i si
77%b.j 08 Feb. 79*4 Apr. Mo. Pac.—1 s t,oon .,6 g .......1920
77 a, ( 7a A pr.
1 Feb. | 3d, 7 s.....................
1906
Bltlyu Kaj>, Tra.UA., 5 g — 15H5
B 3 t l j 't L U u . G » A , i s t , O O U .5 K . i y 4 0 : J * j
Pao. o f Mo.—let, e x .,4 g .1938
11 105% Jau. 1 1 2 Apr.
B,
IUluWhrf^W.H---l»L,5R,g. *0 k05A A. 91% Mar. 101 Jan.
2d ext. 5s................ ....1 9 3 8
Feb.
Gamut *Boat Uenu—
J A J 1W
108 Jan. I l l
St. L .A Ir.M t.lst ext., 58.1897
Ed, 5 a. . . . ..........................1 9 1 3 M A £ 105
101% .Mar. (108 Feb.
2d. 7 g ..............................189^
92% Mar.
Oeut. o f GiL“~C«a 8-f 5s» £.1 9-I5 ;M A N 01%U. 90% Feb.
Cairo Ark. ATexaa, 7g,189\
Gen. R ’y A la u d g r .,5 g .l9 3 1
Oeatr** o f N. 3*~-Oo»a.,?&, IB90j ,* c r J. 106%b. 106% Apr. 108 % Mar.
(30D.fK.I-.7s........................1902!M A N
......... 115 Star. 115% Mar. M obile A OMo—N e tr 6g ...1 9 2 7
General m ortgage, i s
1938
Mar, 113 Feb.
Geuenu tnoxtgago* 5 g .. . X98«
A Jl XXo
no
Ieh .A W .B .,oba.,7isaFd.l900! Q—M ; 90 a. 90 Apr. 104% Feb.
Nash. oil. A St. U —1st, 7 s .. 191 3
*•
m ortgages*.1912 M * Hi 78 a.j 78 Mar. 90 Feb.
Consol., 5 g .........................1928
Am. I>ook A Im p., 5 * ....1 0 2 1 ! J A J 115 a. l i l
Mar. 110% Feb. N. Y . C entral-D ebt,ext. 4s. 1905
Oetura! F ftem e.-u olil, 6 b . 1898 J A J; 102%b. 100 Jan. 102% Apr.
1st, ooupon, 7 s..................1903
Krtsn. 5 e. .....................139s J A J 100%b. 90% Jan. 10 1 % Mar,
D eben .,5s,ooup., 1884. .1904
Cher. A Ohio.—8 er. A , Og..100.8 A A y j 118%b. 119 Jau. 121% Mar.
N. Y . A Harlem, 7a, re g .. 1900
Mortgage, 8 g . . . .............. 1 9 1 1 IA A O 117%'j. 118% Jan. 121 Mar.
R.W. A Ogd., consols, 5s. 192'.’
lstcon a ol., 5 *............... . . 1 9 3 9 i M A N 1 1 1 b. 107% Jan. 111% Mar. „ ,NMt 8bore, guar., 4s___ 2363
General 4 %*, g ............. ..1 9 9 2 M A 8
73%
72 Mar. 70% Feb.
N. Y . Ohio. A 8t. L.—4 g . . . 1937
tL A A .D Iv ., letoon ., 4 g .l9 8 9 ;J A J 102%
97 Jan. 104 % Mar. N. Y. Laok. A W.—1 st, 6 e.. 1 9 2 1
92 Mar.
"
2d COD.. 4 g .. 1989 j A J 00 b. 80 Jau.
Conatruotiou, 5 a ............ 1923
Chic. Bari. A q . Con. 7 b.1 9 u3 J A J 118 b. 115 Jan. 113% Apr.
N.Y. N. H. A H .—Con. deb, otfs
Deuenture.Ss,................ l ' J l b M A N l o o b.
N.Y. Out. A W.—R ef. 4s, g.1992
Jan. 101 Apr.
97
Convertible 5 s . . . ....... . 1 9 0 5 1 ^ : 4 e 100%
99% Mar. 102% Mar.
Consol., 1st, 5s, g ............ 1939
D en verD iv ision 4 s........ 1922IF A A 94 b. 93 Feb. I 90% Jan.
N.Y.Sus.A W .lB tref.,08, g. 193Nebraska Extension, -Is.liM ljM A N 91%b. 87% Jan. ' 9 1 % M a r .
Gen. 5 s ............ .............. 1940
H an.A B t.Jus.—C o n a .6 s.1 9 n M A s; 12o%a. 113 Mar. 121 Feb.
Midland o f N. J „ 6s, a . . .191(1
Ohio. ® E, I1L—1st,A t. Oa.lHOIlJ A D; 113 b 114% Mar. 115 Apr. Nor. A W. Ry.—1 st, cons.,4g. 96
ConsoL Og......................... 1934 A A O 123 li 124 Apr. 124% Ajtr. No. PaoiSo—le t, coup. 6 g .l9 2 l
General consol., 1st 5a._193TiM A N 1.......
00%
P rior lien, ry. A Lg. 4, g.1997
93% Feb. 101% Mar.
Chicago A Brie.—1st, 5g . . l 982|M A -N 111 %b. 110% Jau. 112 Jan.
General lien 3 g ...............2047
90%b 93 Jan.
Calc, ua* L. * 0 . —l e t ,5 g .. 1937 J A
*- ’
90% Mar. No. Paoldo Ter. Co—6 g ___ 1938
Chic. MILA St, F.—Con.7», 1905 J A
133%b. 128 Jan. 134% Mar. Ohio A Miss.—Con,8.I., 76.1898
1st, SonthwoetDlv., Os..1909 J A
'U S b. 115% Jan. 118 Apr.
Ohio Southern—1st, 6 g ..,1 9 2 1
A
1st, So, .Minn, Dtv., 6 s ..1910
118% 115% Jan. 118% A pr.
General m ortgage, 4 g,.192J
&
l8t,Cb.AFiMS.XV.01v.58..192l
H5%b, 112 Jau. 115% A pr. O regonlm pr. Co.—1st 6 g .. 191 (
A
Chic. A Mo. K iv.D jv.,5*.. 192b
111
106% Jan. 111 Apr.
Consol 5 g ....................... 1939
A
W ise.A Minn., Div ,5 g ...l9 2 1
1 1 21b. 110% Jan. 113% Mar
Ore.R.ANav. Co,—1st, 6 g .l9 0 9
A
Term inal, 5 g ....................1914
'113 b. 110% Jan. 113% Apr.
RR. A Nav. oonaol., 4 g . 1946
A
Gen. M., 4g., aeries A
1989
102
90 Jan. 102% Mar. Penn. C o .--l% g ,o o u p ....... 1921
A 1) 119 b 118 Jan. 118% Feb.
MU. 4 r 5 or.—1 st,oon.,6 s. 1913
Peo. Dec. A E vansv.—6 g,192<
A o I 41% <40 Jan. f 4-1 Jan.
Cblo. A S .F a o .,l e t , 5 K....1940
Evans. Division, 6 g ....... 1921
Oble. A N, W.—Consol., 7a. 1915 q - F
143 b. 140 Jan. 143 Apr.
2d m ortage, 5 $ .................192t.
Coupon, gold, 7a.............. 1902 J A U 119%b. 116 Jau. 120 Apr.
Phlla. A R ead.—G en .,4 g ,.1 9 5 r
Sinking fund. Os.............. 1929 A A O 116%b 114 Jau. 119 Mar.
1st pf. ino., 5 g, all Inst. pd.’5r
Sinking! and, 5 s...............1929 A A O 103%b, 108%xcpr. 112 Mar.
2dpf.ino., 5 g „ all inst. p d.’or
sinking fund, deben.. 5s. 1933 M A N 112 % 110% Jau. 113 Apr.
3dnf,ino., 5 g., allin st. p d.’ 58
25-year debenture, 5a. ..1 909 M A ,N 100% b. 108 Jan. 109% Apr. Pitta. Sh. A E. E., 1st, 5 g,1940
Extension, 4 s .................. 192b F A A 102 b. 101 Jan. 103% Feb.
Pittsburg A Western—4 g . 1917
MU. L. Sh. A W., 1st, 6 g .l9 2 1 M A N 134 a. 131% Jan. 134 Apr, R io Gr, Western—1 s t 4 g . . 1939
Extern A Im p., 5 g .....l9 2 t> F A A 112 b. 112 Mar. l l n Jau.
St. Jo. A Gr. Island—6 g .,1 9 2 5
A
C ttU t.a i.A F a o .-O s,c o u p .1917
132 b. 128% Jau. 131 Mar. St. L. A 8an F r .- 6 g . C l.B .lS O t
A . 101 % 101% Jan. 105% Mar.
Extension and ooL, 5 b.. . 1934
GeneraL m ortgage, 0 g.,1931
30-year debenture, 5a. ..1921 M * 8 95%b. 93 Jan,
General, 5 g ......................1931
99% Feb.
Chic, St. P. M. A O .- O s ... 193b J A U
128 b. 120 Jau. 13 L*4 Mar.
R ailroad, 4 g .................... 199b
CMC,* W. ind.—Gen. ,g.,6 s .1932 q - M *117 b. 116 Mar, 117% Jan.
St. D. A 80. W.—1st, 4s, g .1989
Clev, Lor, A Wheel.—6 a ... 1933 A A 0 100 a. 102 Jan. 102 Jan.
2d, 4s, g „ Incom e............. 1989
C. 0. C. AX.—C onsol.7g ...1 9 1 4 J A U 13314b. 131% Jan. 133% Apr. 8t. P.M.&M.—Dak.Ex. ,6 g . 1910 General, eonsoL, 0 g . . . , 1934 J A .! 1 2 2 %b. 123% Jan. 124 Jau.
1st consol., 6 g ................. 1933 ■
a c .C A 8 t-U.—Feo.A fi.,4»,1940 A A O 72
70 Mar. 75 Jan.
reduced to 4% g .. >
OoL Midland—Cons., 4 g.,1940 F A A
10
110 Apr. 117 Jan.
M ontana extension, 4 g.1937 ■
OoL AOtb A r a gu. 5a, g .,1 9 9 3 M A
115%b, 115% Mar. 118 Feb.
SamAnt.A A .P .—lst,4 g .,g u .’43 •
O lL n .Y a i.A XoL—Oou.,Sg. 1931 M A 8 71
80. Car. A Ga.—1st, 5 g ...l 9 1 9 ■
63 Feb.
88% Jan.
GeneraL O g .................... 1904 J A U
55 b. 49% Feb.
80. Paelfto, Arlz.—6 g . . .1909-10 >
87 Jan.
Deuv. A KioGr.—1st,7a,g.1900 M A N 112 % 111 Jan. 1 1 2 % Mar. 80. Paclho, Oal.— 6 «...1 9 0 5 -1 2 1st consol., 4 g ,...........:. . 1930 J A J 88%b. 88 Jan.
1st oonsol.,gold, 5 g ....... 1937
89 Jan.
Uni. A Iron ft’ge—1st, 53.1937 A A O 98%
So. Paoiflo, if. M . - -6 g ....... 1 9 1 1 J A J 101 b.
98% Apr. 101% Jan.
OoL 80. 8 b, A A ll.—5 c . . . . 1937 J A J io o % b . 99% Jan. 102 Feb. Southern—1st oons. g, 58.1994 •'
Bdlaou E l l l L —l8t,con.g.6a.'95 J A J 109 b. 104% Jan. 110 Mar.
E. Tenn. reorg. Hen .1-58.1938 !
Erie— 4, g, prior bonds___1990 J A J
94%a. 93% Jan.
95% Feb.
E .T .V . A G .—1st,7 g . „ . 1900 •
..
..
General, 3 -4 , g ............... 1996 J A J
64%
C on .5 g ....... ................. 1956 M A N 109%b.
02% Jan.
66*4 Feb.
Erie R f.—1st, oon., 7K-.1920 M A h 140% 139% Mar. 143% Feb.
G eorgia Pac. I s t5 -6 a ,g .,1 9 2 i
" '
L’g Uook, c o n s o l, 6 g .l 9 3 s A A O *130 b. 133% Jau. 130 Mar.
K n oxv. A Ohio 1 st6 s,g .. 1925 .
F l V¥. a Uea. City.— 4-0 g.1921 J A U
57
R ich, ADanv. oon. 6 s,g„19 15 ■*
53 Jan.
59% Mar.
G al.ll. ASan-A I1-M.AF.D. lst,5g M A N 90
89% Jan.
91% Feb.
W est.N o.C arlB toon.08,gl914 J
Gen. KU-vtile.dcb. 5 s , g . .. 1922 J A U
90%
90% Jan.
Standard K op oA T ..lst.6 g .l9 4 0 F
96% Apr.
Rous. a r . Cent. gen. 4 s,g .l9 2 1 A A O 00% A 66 Jan.
70 Mar. Tenn. 0 . 1. A Ry—Ten. D .lst, Og A
Ulluol* OentraL—4», g.......1953 m a n
101 a. 99% Jan. 103 Jan.
Birmingham Ulv., 6 « ...1 9 1 7 J
WesternL4nee,lst, 4o, g.1951 F A A 102% 100% Feb. 103% Mar. T exas A Paoiflo—1st, 5 g ..2 0 0 u J
iHLAGteat .mr. —tst,0s,g 1919 M A N 119% 117% Jan, 119% Jan.
2 d ,Incom e, 5 g — . . . . . . 200u M
*d ,4 % -5 s....................... 1909 M A 8
79 a. 73 Jan.
SO Feb. To d oA O h loO en t.—flg .,1 9 3 o J
lo w » OentraL—1st,5 g . . . . 1938 J A U
91
91 Apr. 97% Jan. Tol. -'.L .A K a n .0 .—6 g „ ,1 9 1 b J
k in gs Co. E lev.—I s t ,5 g ..l9 2 5 J A J
48 b. 44 Fob. 50*4 Mar. U nion aclflo—6 g ............. 189; J
Laclede Gas.—1st, 6 s , g . . . 1919 Q - F
90
93% Jau.
98 Apr.
G i t s 1 king fu nd, 8....... 1899 M
Lake Erie a West.—6 g ....l 9 3 7 J A J 11 0 %
113% Jau. 110% Apr.
Collatei-al trust, 4 % .....1 9 1 8 M
L .S h ore.—C o n .c p ,,ls t,7 s .1900 J. _A J
.. 112%b. 110% Jan. 113% Mar.
G old 6a, 00L trust notes. 1894 F
Consol, coup., 2d, 7s------1903 J A U
123 % 119 Jau. 124*4 Mar.
Kan. P a o .-D en .D lv .,6 g . 189« M
Lr-x. A t, A F a v .F .g u . os.g 1993 M A S 115 %b. 115% Mar. 118 Feb.
lstoon soL , 6 g -----.....1 9 1 9 M
Long Island.— 1 st oon ., 5 g . l » 3 i q —J 117 b. 113 Jan. 117% Jan.
Oregon Short Line—6 g . 1922 F
General mortgage, 4 g . . . 1938 J A O 87%b, 76% Jau.
Or.a,L.AUt'hN.—O o m ,5 g l9 iy A
88% Mar.
Lottla « Saab.—C o n s.7 s..1898 A A O 102 %b. 102% Apr. 106*8 Mar.
U.P.Den.A Gulf,oon.,5 g.1939 J
n .O AMatitle, ls t ,0 g ..,1 9 3 0 J A J 120% 116 Jan. 120% Mar. O. S. Leather—8. F deb.6g.1913 M
"
*'
2d, Og. 1930 J A J 102%b. 98% Jau. 103% Mar. V irginia Mi A —Gen. . 5 s.l9 3 6 M
General, Og...................... 1930! J A U *110 b .U 5 % J a n . 117 Feb.
Wabash—1st, 5 g ...................939 M
UnlBed,4g........................ 11140 J A J
7»% ! 78% Jau.
81 Fob.
2d m ortgage. 5 g -----.....1 9 3 9 F
Coals,E. a . a On.—let. Os. l » l o j * j 1 1 2 % b .n i Jan. 112% Mar.
Deben.. Series B .............1939 J
C onsol,O g, tr, receipt*. 1910 A A O t 84 a. 182 Jan. 185 Jan.
W estN. Y. A Pa.—1st, 5 g .l9 3 7 J
Manhattan eonsoL i s ....... 1990 A A O
02
! 91% Apr. 95*4 Feb.
Gen. 2-3-4s, g old .............1943 A
Metro. E levatea.- 1st, Og.1908 J A J 118%b, 116% Jan. 119% Mar. West.Un.Tel.—OoL tr. 5b. .1938 J
2d.es ............................. ..1 8 9 9 M A N 107 %b. 105 Jan. 107 Mar. Wise. Cent. Oo 1st A « ...1 9 3 7 'J
n o t e . - “ b'" indicates p rice b i d ; “ a' 1 prioe a s k e d ; the range is made up from actual sales only.
* Latest prioe this week,
in
1897,
H ig h e st.
Am /tM *
»
Y O R K STOCK
Bid.
E X C F U N O E P ltIC E S -{C o n tin u e d ) . - - I N
Enk,
Railroad Bond*.
(Slatk Exchange Price*,/
Aimimmm
guar. .19281
4t€sj5. Topefca A B attFran.—
:fci44Mro %k 86. JLotL-~lut. 8a. 1916
O a t Mid. l* t, g., 6#,
.1936!
A 'L M P m . — 2 4 W. 0 ., *XL ti«.?Q07
W m t *»ri> Divijsltm iaa oioe.. 19101
B%!t
1«t f\m. P^rb H 1D1«|
60
w Vm
102
SEOURITIES.
Balt. & Ohio—
5**. kbld................................... 1925
Cons, m ort., gold, 5 s............1088
W Va. A P i t t s .- 'H ,« ., 5 s ..1990
8 . A 0 .8 . W ., 1st, g .,4 % s ,..1 9 9 0
Monon. River, lst.g ., g .5 s.,1 9 1 9
Cent’ l Ohio R eor.—1st,4 % s.1930
Ak.&Ch. June.- 1 s t ,g ,5 s,g u .l9 3 0
Brooklyn Elevated—2 4 5 s ... 1915
B-asitie A B.B.—lst,g.5s,gn ,1942
Bid.
A C T I V E
Ask.
93
95
98%
'4'§”
B O N D S
107
100
92
82
50
75
98
100
100
109 Mar.
ill
Mar.
121 Feb.
108 Feb.
IbOQ Mar.
136% M ar.
118 Jan.
140 Mar.
96 Feb.
110 Mar.
103% Jan.
74% Jan,
119% Jan.
7 4 % Mar.
116% Mar.
88% Mar.
56*4 B*eb.
110 Mar.
104*4 Mar.
90 Jan.
115 Jan.
90*4 Jan.
t l9 % Mar.
114 Apr.
84 Fob. |
1X1% Apr.
104 Feb.
106 Feb.
27% J a u .
t8 2 Feb
f4 8 Jan i
*36% Jan.)
t34% Jan.
102% Mar.
74% Jan.
74% Feb.
154 Mar.
115% Feb ,
112% Feb-!
98% Fob.,
067s Feb*!
70 Jan.
28 Jan
121% A pr
124% Feb.
107 M ar.
92% Mar.
59*4 Mar.
02% Mar.
94*4 Jan
108 Jan.88*4 Apr.
105 F eb.!
91 Jan.
89% Jan.
109% Mar.
109% Apr.
114% Mar.
115 Feb.
122*4 Mar.
114% Mar.
79% Jan.
88% Mar.
89 Mar.
90 Feb.
23
Jan.
108 Feb.
(7 5
Feb.
105 Feb.
95 Feb,
f 50 Jan.
102% M ar117 Mar178 Jan119 Mart7 7 % Mar37 Feb •
114 Feb103 % Mar107*4 Jan.
73% Jan.
25 Jan.
107% Mar.
50 Feb
108
Apr.
1 40 Mart Trust receipts.
A P R I L
»
SECURITIES.
Brunswick A W’n—1st, g., 4a.1938
Buff. R oob. A Pitts.—Gon. 5s. .1937
Booh. A P ., 1st, 6s............... 1921
Booh. A P itts.-O ons.l8t,60.1922
Buff. A Busqueh.—1st, 5s, g .1913
Burl. OeA Rap. A No.- -1st, o s . 1906
Conaol. A oOllat, trust, 5 s ..1934
Minn. A St. Z..—1st, 7s, g n ..1927
Ced. Rap. I. F. A N „ 1st, 6a. 1920
1st, 5 s .................................. 1921 -
Bid.
Ask.
96% 98
122
119 120”
107
103*4
103%
101%
i07%
THE
A P R IL 10, 1S97 ]
701
(H TtO N ICLE .
NEW IO B R STOCK EXCHANGE FKIC ES.-I N A C T I V E B O X D S -('C on tin u ed )
SECURITIES,
O O tlo—Ooi.<JsCin.M.let,4%s.l939
Cent. RR . A Bank. -C o l. g.5s,1937
Cent. Ry. o f 6 a.—1st, g., 5 s.. 1945
1st, pref. inoom e, g., 5 s -----1945
2d, pref. Inoome, g., 5 a ....... 1945
Cent, o f ft. J.—Oonv. deo., o s .1908
Cent. Paciflo— Gold bonds,6 s. 1898
Ext. g. 5s, series A B C D ..1 898
Gold os, series E ............ .
1898
san Joaquin Br., 6 s --- -------- 1900
Mori. gold 5 s.......................... 1939
Band grant, 5s, g.............. ...1 9 0 0
Cal. & O. Div., e x t., g. 5 s ...1918
West. Paoiiio—Bonds, 6 s-----1899
So. Railway (Ca',1—1st, 6S.1907
50-year 5s.
1938
Cent. Washington—1st, g., 68.1938
Cues. A O.—Par. M. fu nd, 6 s .1898
Craig Valley—1st, g., 5 s-----1940
Warm 8pr. Val., 1st, g. 5 s ..1941
Eliz. L.A Big Sandy—G. 5 s .1902
Cues. O. a So. West.—I s t 6 s, g.1911
Id , 6 s...........................
..1911
Oh. V .—G en,oon.lst,gn.g,58.1938
Chicago A Alton~T5. F ., 6 s ---- 1903
Louis. & Mo. R iver—1st, 78.1900
2d, 7 s.................................... 1900
St. L. Jacks. & Ohio.—2d, 7S.1898
Mlss-R. Bridge—1st, s. f., 68.1912
Ohio Burl. & Nor.—1st, 5s-----1926
Ohio. Burling. & Q.—5s, s. 1..1901
Iow a D iv.—Sink, fund, 5 s ..1919
Sinking fu n d ,4 s .......... .. 1919
Plain, 48...................................1921
Chloago A Iow a D iv.—5s. ..1 905
Cole. A Indiana Coal—1st 58.1936
Chi. Mil. A St. P.—1st,8 s,P .D . 1898
2d, 7 3-10s, P. D ....................1898
1st, 7s, $ g., R .D ................... 1902
1st, I. A M .,7 s .......................1897
le t, 1. A D .,7 s .......................1899
1st ,C. A M .,7 s .......................1903
1st, I. A D. E xtension, 7 s .. .1908
1st, La C. A Dav., 5 s.......... 1919
1st, H .A D .,7 s .....................1910
1st, H. A D .,5 s ..................... 1910
Jhloago A Pacillo D iv., 6 s ..1910
Mineral P oint Div. 5 s.......... 1910
0. A L. Sup. D iv., 5s.............1921
Fargo A 8 outh., 6 s, A s s n ...1924
Ino. oonv. sink, fund, 5 s___1916
Dakota A Gt. South., 5 s .... 1916
MIL A Nor. m ain line—6 s . ..1910
Ohio. ANorw.—30-year deb.5s.1921
JSecanaba A L. 8 .1 s t, 6 s___ 1901
Des M. A Minn.—1st, 7 s___1907
Iow a Midland—1st, 8 s .........1900
Ohio. A Milwaukee—1st, 7 s .1898
Win. A St, P.—2d, 7s............. 1907
MU. A Mad.—1st. 6 s............ 1905
Ott. C. F. A Bt. P.—1st, 5s. 1909
Northern 111.—1st, 5 s.......... 1910
MU. L. 8.AW.—C on.deb.,5s.l907
M loh.D iv., 1st, 6 s.............. 1924
ABbiand Division—1st, 6 s 1925
Oh.R-I.AP— D .M .A F .D .lB t4s.l905
1st, 2% s................................1905
Extension, 4 s ..................... 1905
Keokuk A Des M.—1st, 5 s .. 1923
Ohio. Bt. P. A Minn.—1 st, 6 s. ..1918
Bt. Paul A 8 . 0 .—1st, 6 s ....... 1919
Ohio. A W. Ind.—1st, s. f., 68.1919
General mortgage, 6 s .......... 1932
Uhlo. A West. Mlon.—5 s........ 1921
Oln Ham. A D .—Con. s .f ., 78.1905
2d, gold, 4 i « ..........................1937
Oln. D. A Ir’n—1st, gu. 5s, g. 1941
016V. Ak. A Col.—Eq. A 2d 68.1930
C lev.A C an .-T r.ctf8.forlst5s.1 9I7
a 0. C. A St. L.—Gen., g. 4 s .. 1993
Cairo division, 4 s..................1939
Bt.Lou.Div.—Istool.t8’t4s,g.l990
Spring. ACoLDlv.—lst,g .4e. 1940
White W.VaLDlv.—1st,g. 4s. 1940
Oln. W ab.AM.Div.—1st,g.4s. 1991
Oln. I. St. L. A C.—1st,g.,48.1936
O on sol, 6 s ................
1920
Oln. San. ACL—Con.let,g.5s, 1928
Indiana B. A W.—1st pf.7s.1900
Ohio Ind.AW.—lstp re f.5 8 —1938
Poor. A East.—Inoome 4s ..1 990
O. Col Cln. A ind.—1st, 7 b,s.1.1899
oonsol. sink, fund, 7 s.......... 1914
01n.A8pr.—lst,C.C.C.AI.7B. 1901
Cleve. Lorain A Wh.—1st, 58.1933
Oleve A M ah . V.—G o ld .5 s ... 1938
Del. Lack. A W.—Mort. 7s___1907
tjyra. Bing. A N. Y .—1st, 78.1906
Morris A E ssex—1st, 7s___ 1914
Bonds, 7 s ............................. 1900
Ts o f 1871............................1901
l<r.,oon., guar., 7s............1915
W arren -2d, 7 s ..................... 1900
D. A ll.Can.—P a.D lv.,cou p .7s.l9l7
Albany A 8 usq —1st, gu.,7k 1906
1 st, cons., guar., 6 s .......... 1906
Rees. A 8 ar. 1st, coup., 78.1921
Denv. Tramway—Cons. 6 s, g . 1910
MetropoL By.—lst,gu. g.68.1911
Deuv. A ft. G.—Im p .,g ., 5 s . ..1928
Det.M. A M.—L. g. 3%s,aer.A.1911
Det. A Mack.—le t Uen, 4 s ,g ..l9 9 5
4s, gold.................................... 1995
Erie—Is , extended, 7 s.......... 1897
2d, extended, 5s..................... 1 9 1 9
3d, extended, 4% s................. 19 2 3
4th, extended, 5s...................1920
5tn, extended, 4s....... ............1928
1st, con., g., Pd, 7 e .............. 19 2 0
B. N. Y. A E .- l s t , 7 s.......... 1916
Bufl. A 8. W.—Mortg. 6s___ 1908
Jederson—1st, gu. g 5s ....1 9 0 9
00*1 A R R ,—6 s...................... 1 9 2 2
Qonh A tm p t-.lst »».
9 13
Bid.
Ask.
93
1121*
28%
94
10
11
28%
1021«
100 %
100%
101
*95
102
100
1011 *
■'871*
105
95%
100 %
115
110
104%
99
105
102
104%
98 100
•89
100%
131%
132
131%
131%
133
ili%
109
118%
105%
132%
133
132%
132%
134
136
130
109
110 % 112
119%
111
110 %
104
*105
•107%
*106%
•i’30%
125
62%
102 % 104
130%
129 130
117
117
109
I ll
66
95%
......
90"
90%
109
109
16
100
126% 128
123 125
143% 145
'111
111
112
142
115
146
81
16%
144
143
126
116%
83
20
106
117 120
112
-116 118%
101%
100
■107%
*105
138
.......
SECURITIES.
tvans. A T.H .— 1st, cons., 68.1921
it, general, g., 5 s ................ 1942
'•It. Vernon 1st 6s....................1923
luL Co. Br. 1st, g., 5 b.......... 1930
E ans. A Indian.—1st, oon s.. 1926
Flint A P. M arauette—
M ort., 6s.......................
1920
1st, con. gold, 5 s ................... 1939
Pt. Huron D iv.—1st, 5 s ___1939
Fla. Con A Pen.—1st g. 5s___1918
1st eon. g., 5 s ........................ 1943
Ft. Worth A R. G —1st g., 58-1928
Gal. Har. A San A nt.—1st, 6 s .1910
2d m ort., 7 s............................ 1905
Ga. Car. A S o r.—1st, gn. 5s,g.1929
Housatonic—Cons, gold 5s___1937
N. H aven A D erby, C ons.5s..l918
Hons. A Texas Central—
W aco A N. 7 s......................... 1903
1st g., 5s (int. gtd )—. .......... 1937
Cons. g. 6s (int. g td ).............1912
Debent. 6s, prin. A Int. gtd.1897
Debent. 4s, prin. A int. gtd.1897
Illinois Central
is t , g., 4 s................................. 1951
1st. gold, 3 % s ........................ 1951
Gold 48.................................... 1952
2-10 g., 4 s ............................... 1904
Cairo Bridge—4 s ................... 1950
Spring!. D iv .—Coup., 6 s___1898
M iddle Div.—Reg., 5s.......... 1921
C. St. L. A N . O.—Ten. 1.,78.1897
1st, oonsol., 7s.......... ......... 1897
Gold, 5s, oo u p o n ................ 1951
Memp. D iv., l s t g . 4 s ....... 1951
B ellv.A So. 111., gu., g., 4% s.l897
Oed. FaUs A Minn.—1st, 7s. .1907
Ind. D. A Spr.—1st 7s, 1906, trust
rects., e x b on d s.............................
Ind. Deo. A W.—1st, g., 5s___1935
Ind. His. A Iow a.—1st, g, 4s.. 1939
1st, ext., g. 5s. ..................... 1943
Int. A G. N’ n.—3d, 4s, g ........ 1921
Kings Co.-F.E l.,l8t,5,g.,gu.A .1929
Lake Erie A West.—2d g., 58.1941
North’ n Ohio—1st, gu. g. 5s.l945
L. 8. AM .Som —B.AE.—N e w 7 s .’98
Det. M. A T.—1st, 7s.............1906
Lake Shore—Div. bonds, 7 s. 1899
Kal. A ll. A G. R.—1st gu. 58.1938
Mahon’g Coal R R .—1st, 5 s .1934
LehighV..N.Y.—1st gu.g.4%8.1940
Lehigh V.Term.—1st gn. 5s,g. 1941
Lehigh V’y Coal—1st 5s,gu .g.l933
Lehigh A N.Y.—1st, gu. g. 48.1945
E lm iraC .A N .,lst,g.lstpl.6s.l914
Guar., gold, 5s................ ..1 914
ldtohf. Car. A West.—1st 6s. g.1916
Little Rook A M.—1st, 5s, g ..l9 3 7
Long Island—
1898
1st, 7 s ........................
Ferry, 1st, g., 4% s................ 1922
Gold 4 s .................................... 1932
N. Y . A R ’way B .—1st, g. 5 s. 1927
2d m o rtg - Ino..................... 1927
N .Y.B.AM .B.—lstooii. 5s,g. 1935
B rookl’nAMontauk—1st,6s. 1911
1st, 5 s .................................. 1911
No. Shore Br.—1st oon.5s,g.l932
Louis. Evans. A St. L.—Con.5s.1939
Louis.A N ash.—CecU.Br. 7 s ..1907
E. H . A Nash.—1st 6s, g ___ 1919
Pensaooia Division, 6 s.........1920
Bt. Louis Division, 1st, 6S...1921
2d, 3 s.................................... 1980
Nashv. A D ecatur—1st, 7 b. .1900
8. f.,6s.—8. A N. A la ............. 1910
50-year 5s, g .,........................ 1937
Pens. A A t . - 1st, 6s, g o ld ... 1921
Collat. trust, 5s, g ...............1 931
L.AN. A M.AM.—lst,g.,4% sl945
Naah.Flor.A8.—1st, gu., 5s. 1937
Kentuoky Central—is, g . . . 1987
L. A N .—LOU.C.&L.—g. 4% s.l931
vA>tLAJefl.Bdge Co.—G u.g,4s. 1945
Loo-N.Alb.ACh.—Gen.m .g.5s.l940
Memphis A Chari.—6s, g old .. 1924
Mexloan Cent. Consol. —4s, g.1911
1st, oons. Inoome 3s, g____.1939
Mexloan National—1st, g., 6s. 1927
2 d ,inoom e, 6s, “ A” . . . . ........1917
2d, Inoome, 6s, “ B ” . . . ........1917
Mlohigan Central—6 s.............. 1909
Coupon, 5s...............................1931
M ortgage 4 s............................1940
Bat.C.AStrgis.—Ist,3s,g.gu .l989
Minn.A St. L.—1st, g. 7 s.........1927
Iow a E xtension. 1st,7s.......1909
Southwest E xt.—1st, 7s.......1910
Facilio E x t.—1st, 6 s ............ 1921
M o.K .A T ex.—1st, ext., 5s, g.1944
M o.K.AT.of T ex.l8t,ga.5s.g.l942
Kansas City A P., Is t,4 s ,g ..l9 9 0
DaL A Waoo—1st, 5s, g u __ 1940
Missouri P aoiiio—Trust 5 s ...1917
ls t o o lL ,5 a , g .......... .............1920
St L.AI. M .-A rk.B r.,1st, 78.1895
M obile A Ohio—1st ext., 6 s ...1927
St. L. A Cairo—4s, guar....... 1931
Morgan’s La. A T.—1st, 6s___1920
1st, 7s....................................... 1918
Nash. Chat. A St. L .-2 d , 6 s ..1901
N. O. A. No. R.—Pr. 1., g., 6s..1915
N . Y. Central.—Deb. g. 4s___1905
N. J. June—Guar. 1st, 4 s ...1 986
Beech Creek—1st, gold, 4 s ..1936
Osw. A Rom e—2d, 5 s ,g.,gu.l915
Utica A Bl. R iv.—4s, g., gu.1922
N. Y. A Put.—1st, g., is . gu.1993
N. Y. N. H. A H .—1st,r e v .4 s .l9 0 3
N. Y. A Northern—1st, g. 5 s ..1927
N, V. Susq. A West —2d, 4 % s.l9 3 7
Terminal, 1st, g. 5s............ , 1.943
Wlllt.A
942
WUk.A East
East. — I Ht,.g6l,.if.,‘v8.1
«t.gtd..g.5a. 1042
Bid.
Ask.
112
80
114
32
*73% 80
112
45
103% 107
'123
122 %
109% 110
*99%
101
96
95
112
102 %
102
99
104
104
121
97%
10 i
93
30
40
101
101
120
107
114
117
31
48
102 ^
102
104
107%
97
107% 109
92%
....
106 H
93
85
35
42*4
106*4
........
■30
ll6 “
113%
100
107
97
99
96% 100
100 %
'105%
85*
'105%
*43
45
7%
117
103
T 37
121 %
■72 ”
72
103
50
82
'114
104%
'106
118
....
119%
72
96
A P R IL 9.
SECURITIES.
Bid.
Northern Paciflo—
St.Paul A N. P.—Gen., 6 8 -1 9 2 3 *127 128
N orfolk A South’n—1st, 5 s ,g .l9 4 *105 107
N orfolk A West.—General, 68.1931 *122
118
N ew R iver 1st 6s..................1932 *
Im p. A E xt.. 6s..... ................ 193a
C ol.C onn.& Ter..lst,gu.g.5s.l922
Ohio A Miss.—Consol. 7 s........1898 ib'434 105'
2d oonsol. 7 s .......................... 1911 116
Bpring.Div.—Is t 7 s ............... 1905 104%
General 5s..............
1932
Ohio R iver R R .—1st, 5s.......... 1936 TOO
Gen, g .,5 s ............................... 1937
54
Omaha A 8t. Louis.—1st, 4 8 -1 9 3 7
Oregon A Calrfor.—1st, 5s, g. 1927
Penn-P.C.C.ASt.L.Cn.g.4%sA194' 107%
Do
do
Series B 1942 107%
Do
do
Series C 1942
Do
do
Series D, 4s, 1945 TO2'
P .C .A 8.L .-lst,o.,7 s................ 190<
Pitts. Ft. W. A C.—1st, 7s. —1912 136
2d, 7 s ...................................1912 '135
3d, 7s.................................... 1912 129
Oh.8t.L.AP.—1st,oon.5s,g... 1932
Olev. A P .—Cons., b. fd ., 7 s .1900 113 114
Gen. 4% s, g., “ A .............194'
Do
do
Series B 1942
St. L.V. A T. H.—1 s t,6s., 7s. 189.
2d, guar., 7s.........................189f 102 %
G d.R .A LE xt.—lst,4% s,G .g.l941
A lleg.Val.—Gen., gu., 4s, g.1942
N . A C in.B dg.,gen.gu.4% 8.g.l945
Penn.RR.—1st real, est g. 4S.1923 107 109
Cle.A Mar’ ta—1st,gu.g.4% s. 1935
D . R iv.R R .A Bdg—lst,g u .g .4s.’36
P eoria A Pek. U n io n - 1st, 6s .1921 112
80
2d m ortg., 4 % s.......................1921 *77
Pitts. Cleve. A Tol.—1st, 6 s...1922
Pitts. A L. Er.—2 d g . 5 s ,“ A ” .192i
Pitts. Mo. K. A Y .—le t 6s___ 1932 T 3 3
75
Pitts. Patnsv. A F.—1st, 5 s ... 191 (
Pitts. Shen. A L .E .—
le t oonsol. 5 s . . . ..................... 1943
25
Pitts. A West.—M. 5s, g.1891-1941
Pitts.Y ’gst’nA A .—1st, 5s,oon.l927
R ead in g Co.—Gen. g., 4 s....... 1997 "79% 81
R io Grande So.—1st, g., 3-4S.194C
St. L. A. A T. H .—Term. 5 8 -1 9 1 4
Bellev. A Car.—1st, 6s......... 1923
Chi.St. L. APad.—lst.gd.g.o s 1917
St. Louis So.—1st, gd. g. 4 s .1931 ‘ 90
do
2d inoome ,5 s .1931
Car. A Shawt.—1st g. 4 s___ 1932
115%
St. L. A 8. F.—2d 6 s ,g „ cl. A .1 9 0 (
2d, 6s, g., class C ..................1906 114 115
1st, trust, gold 5s............... 1987
Ft. 8. A V .B . Bg. —1st, 6 s ... 1910
St.L. Kan. A S.W.—1st, g.,6s.1916
St. Paul City R y, co n . 5s, g ... 1937
Gold 5s. g u a r .......................1 9 3 7
St. Paul A Duluth—1st, 5 s___193)
2d mortgage 5s.......................1917 102
Bt. Paul Minn A M.—2d M, 6s. 1901 119% 120%
Mlnneap. Union—1st 6 s ... 192;
Mont. Con.—1st, guar., 6S..1937 110 %
1st guar. g. 5s..................... 1937
East. Minn., 1st div. 1st 58.1908 108
W"lJ arA SiouxF.—1st, g,5s.l93* 106 109
San Fran. A N. P.—1st, g., 5s,191t
Sav.Fl.AWest. -1 s t, con. g .6s.l934
Seaboard A R oanoke—1st, 5S.1926
Seat.L.8. AEast., 18t6s,asst.pdl93 L
Southern—Ala. Cent., 1st o s .1913
Atl. A Char.—Inoom e, 6 s...1 9 0 0
Coium. A Green.—1st, 5-6S.1916
E. Tenn.V. A Ga.—Divis.5s 1930 113%
Rioh.A D an.—Eq. s. f. g. 5s. 1909
Deben. 5s, stam p ed ......... 1927 ‘ 95%
Vir’a M id.—Serial ser.A, 6 s .1906
Series B, 6 s . . . . . . . . . ..........1911
8eries 0 , 6 s.......................... 1916
Series D, 4-5s . . . . . . . . . . . . . 1 9 2 1
Series E, 5 s .........................1926
Series F, 5 s.......................... 1931
Gen., 5s, guar., stam ped .1936 '10U « 102
Wash. O. AW .—1st our.gu.4s.1924
Ter. A s’n o f St. L.—1st, 4% s.l939 T 0 8 ~ i i r
1st, oon. g. 5 s . . . . ........1894-1944 106
St. L.Mer.Br. Perm .,g.5s,gu..193o
Texas A N ew Orleans—1st,7 s.1905
...
.........
Saoine Division, 1st, 6 s ....... 1912
93
Consol. 5s, g —. . . ___________1943
Tex. A P ao., E. D.—1st, g. 6s.1905
......
Third Avenue (N.Y).—1st 5 b, 1937 r i u i
T.AO.C.—K an .A M ., Mort. 4s.l99(J
75
80
62
63
T oLP eo. A West.—1st, g., 4s. 1917
Ulster A D el.—1 st,oon.,6.,5s.192s
98
Union Paoiiio—1st, 6s . .... ...1 8 9 6 lOUfl
1st, 6 b....... .............................. 1897 101*« 102
1st, 6s...................................... 1893 IO214 103
Collateral Trust, 6s.............. 190s .......
50 ~
Collateral Trust, 5s.............. 1907
Kansas Paoiiio—1st 6s, g . . . 1895 108 109%
113
112
1st, 6s, g ..............................1896
O. Br. U P. - F . 0., 7 s.......... 1895
Atch. Col. 4 Pao.—1st, 6 s ...1905
25
Atch. J. Co. A W.—1st, 6s.-1 9 0 5
25
U .P .L in . A Col.—1st,g., 5s. 1918
Utah A North.—1st, 7s........ 1908 115
Gold, 5 s................................ 1926 102
74
Utah Southern—Gen., 7s —1909
Extern, 1st, 7 s................ ..1 9 0 9
74 %
Wabash—
Debenture, Ser. A . . . . . . . . . 1 9 3 9
Debenture, Series B ......... ..1 9 3 9
18% 20
90
Det. A Ohio. Ext. 1st, 5s, g .1940
St l X C .A N .—8t-0.Bdge68.1908
W estN .Y .A P a.,gen.g. 2-3-48 1943
46*i 48
13
10
Inoome 5s.............
..... .1 9 4 3
West. Va. O. A Pitts.—1st, 6 s .1911
91
Wheel. A L .E —1st. 5s, g o ld ... 1926
Wheeling Div., 1st, 5s, g . . . 1928
Extonslon A Im p, g., 5s.----- 19^0
Wls.
Wla. <W,|„
Ois'it. luooiue
Inoome 5s_______—
5s
—1937
No idlee Friday, these are tho latest, quoiiilioua made ibis week. F o r H a e e lla n e o u s H o tid-t—See 3d page preceding
VHE CHtiONiOJLH
702
R oads ,
In v estm en t
EARNINGS.
‘Hi. follow ing table shows the gross earnings o f every
st t'.s« railroad from w hich regular weekly or m onthly returns
can be obtained. The first tw o colum ns o f figures give the
gross earning- for the latest week or month, and the last tw o
colum n* the earnings for the period from January 1 to and
Including such latest week or m onth.
T hreturn s o f the street railways are brought together sep
arately OH a sulutequent jxige,
B oon s
Latest Grots Earnings.
W eekorU o
1807.
t
Si
1
20,571
35,819:
71.081
1890.
Jan. 1 to Latest Late,
~ 1897. ' !
1896.
*
A dirondack.......>February .
28,263
Ala. (it. South.. IthwkMeh!
354.646
Ala. Midland ... January...
04,223
Ain. S . O.Tex. A Put). June
y O r i .l .v .K . i l r t J S d i
23.000
28,000
2 7 1 ,l l i ;
284,872
Ala. A Vtohsli. 24 wk Mull
11,000
<1,000
120,389!
117,969
Vicks. Si - ( P 2d iv t lf c h
9,000
8 ,(.100
119.403'
108.625
Allegheny V;«i . February . 169,322 171,823
316,719
360,539
A nn A rbor.........tthw k Mcli
88,286
30,291
300,631
272,672
Ark. M idland. . Junuitry...
7,939
8,502
8.502
7,939.
A teh -T .A S. Fe. February . 2,192,900 2,808,951 4,430,039 4,693,615
A tlanta A Char. Ja n u a ry..., 144,639 1 2 7,4.6
144,639
127,426
53,619
Atlanta A W. F.,January...
50,913
r 3,619
50,913
A llan. A U a n v ...itb w k Meh
10,036
10,537
123,713
127.647
Atlantic. A P ae,.,Janu ary... 278,451 303,482
278,-151
303,182
A ugustasout'u ,fanuary,..
6,693i
5,402
5,402
0,693
A nattn A X ' west .1anuary...
17,254!
17,254
80,601
20,601
BaU.ChM.8t Ati. March.......
31,800!
28.02-1
75,600
77,297
Balt. & O h io ... February . 1,725,1235 1,538,' 05 3,676,070 3,355,937
Bal. & O. Sou’ a IthwkMeh
174.458' 101,586 1,452,725 1,498,516
B angor AAroost Jauiuuy
68.499!
50,025
53,499
50,025
Bath" A Ham ’ndk J anuary.
2,026
2,026
2 ,0-16
2,046
Bir. A A tlantic. M arch ..'...,
2,065
1.588
5,344
5,563
Bronsw'kAW , m J s n o o ty ...
50,892
52,610
50,892
52.610
Bull. Rooh.APlti itliw k Mck
82.486
71,550
730,579
705,282
Buffalo A buiQ .. February
34,881
32,623
71,944
68,54 L
B u r .a Rap. A S tthw k Meh 1.0,271 111,298
935,241 1,110,363
CanadlanFacUle;Itbwk Meh 536,00'. i 403,000 4,091,<118 4,303,657
Car. M idland.. . March.
5,016
3,565
17,056
11,427
Cent, o f Georgia IthwkMeh!
91,930. 127,160 1,377,138 1,463,637
rgWIi 111 o f S . J . iFebruary . 848,939 821,549 1,704,155 1,831,117
Central Pacific. January..
858,913 856,490
858,913
856,490
Chari. CL. A Sut, .November.
3,585!
4,045
49,780
43,896
Charlest’n&Sav, January.
01,386
53,478
64,986
53,478
Cites. A Ohio— ithwkM eh, 365,622! 270.067 2,720,812 2,534,334
Chic. Bur. A o .» F ebruary. 3,709.462 2,568 .416 5,442,090] 5,162,021
Chic. A lia s ', ill Hliwk.Meh ' 85;438
91,947
9*8,262 i;01 7,43 0
ClhJc. (it, ttw-t'h tthwk Melt 146,917 124,944 1,136,217 1,205,451
C«ilo.MU.&.*rt,P. uhw kM ofi 788,982 902,433 6,-160,544 7,384,654
Clilc, A N 'tliW u .;February . ,2,206,83l!2,d84,172 4,302,907 •1,831,541
fJhfft. Jk
Kit.. l’a « . i.ffttiniiFF
fij kilS
0 S .1
Chic.
A- No.
.1anuary"... 1j 84,895
67.754
84,895
67,754
_Chic.Peo.A st.L , Mure'!.,
,
70,331
84,01-0
203,492
241,385
Chie.KK 1. A P .. Sfnreli....... 1,237,493 1,275,661 3,329,135 3,576,006
Chic.8 t-P .il. AO. IFebruary , ' 523,836 561,812 1,061,559 1,174,593
Cldc. A W. 31lob. 4*],wk Meh
'
"
44.037
35,592
341,479
347,068
Choc.Ok.A Gull February .
88,328 101,132
201,231
230,616
CSn.Oa, A Porta. M arch.......
4.156
4,721
12,049
13,580
CSn-Jaek-AMac IthwkM elr
20,467
18,101
161,420
171,215
Cin.N.O. A T . P.'M arch.......1 289,526 260.919
614,322
824,076
O n . Ports. & V .!J anuary . . . 1 17,652
21,553
17,652
21,553
Cle v.Cah. A Bo... 4 til w k M ch t 18,224
18,057
142,957
139,329
CLGIn.Ob.ASM- IthwkM eh! 377.248 330,121 3,109,282 3,003,3 0
r w . A Kasi'ti. February ,j 137.249 139.490
262,656
294,289
Cl-Lor. A Wheel. UthwkMeh!
30,690
31,029
257,394
286,607
Col, M idland.. .. - February . 1 117,7.85 140,730
245,334
290,217
Cot. H. S’ , .v T ot M a rch .....
188.920 209,687
524,762
622,057
CoLAKedMount February'
11/152
22,778Ool.S«»n<l*y .V ti. M a r ch ____
56,863
55,656
176,093;
178.527
Oolusa A L ake.. .March.......i
1,130
700
3,800.
2,700
C ljtf& U ............ January...
403
1,178
403
1,178
Oum bTJ V alley-F ebruary.!
50,675
57,198
105.859
120.901
O e n r.A R io O r. IthwkM eh 171,800 189,300 1,435,058 1,623,149
Des M.A.Kan.C 3d wkMar.
2,503;
2,187
30,763
22,968
D ti.M .N . A tV... Mu roll.......
29,60«;
39,781
92,067
113,945
D et-G . Rap. A W. itb w k Mob f 34.076
25.688
269,955’
237,872
Bet, A Mae kin a - :February
46,635;
4,2,901
74,099
82,647
DuiulhH.g.AAtl. 3d wkMar.;
26.756;
35,601
265,090.
3 a8,3 20
K lg lc jo l, A j.aul .March.
100.154 134,195
273,870
313,705
Brie
............ February , ;2.175,6 12.2 148,807 4,398,162 4,492,884
EurekaSpi
print's December.'
5.591;
4,001
61,264
62,859
EvktiH.AUt(Pplifc
b w k Mch
nd'niis. n
libwk.Mcti
8.620
8.540
8,620
8.546
50,470
73,852
Evatw. * K ic k . 31 wkMar.
1.693
2,235
12,719
19,818
K v n u t .k T . 11 tthwk Meh
27,600
27,566
224,815
281,145
Fitchburg.......... . i eltruftry . ; 492.296: 401,042 1.020,064
1,089,060
F lint. P.M*.r«i.!4tliwk Mch)
79,145.
77,863
663,092
098,074
Fla. Cent, A P en.; Itlt wk Meh ’ 50,917
58.202
S54,363
495.966
Ft. W thA B ui.t 1th w k Mcli
2 0 ,9 5 4
17,710
228,775
215,776
Ft. W. .v Bio
* February
20,136;
29,031
10,577
66,850
Gad*. A l i t v . -March,.* j
aim
841
2,008
2,606
Georgia lilt ....... tthwk Molt'
38.030
33,706
428.949
428,279
Georgia « A l a ,. :3d w ItMur.
10.031
10,720
240.011
135,614
tin. ( ar’lu A No. February j 91,071!
70,4 <4
181,9931
163,824
Geo, g o, A fila.,. March___ _
67,653,
63,498
214,533
220,667
Gr. tup .< i ln ,i.. i>bwkM cb
58.174
56,160
139,505
480,672
Cin. li. A Ft. W. tthwk Mch
11,320
12,530
01,385
105,132
Traverse City i-h n k M ch
1,294
1,032
9.8 1 1 :
1 1 ,2 1 0
Mae. G, It. A I - t th wk Mcli
2 .4 4 2
3,902
24,81.1
31,741
Tot. all Hue* *>,hv5k -Mcli
73,2 50
73,714
S85,613( 028,785
?*»iI Trunk
•IthwkMeh 4 32 ,17 2 443,411 8,082,614
3,933,386
OUi^MUteTt. 1 th wk jic h
82.333!
81,816
720,577;
804,500
m t.Q t. B.&.M •tilwk Meh
27,030
24,935
228,800
203,004
Cha,Bmic..AM m »tbwk Mch
3,37a
3,505
24,512'
30,582
ubwk3n-.il
2,713
1,608
21,105
15,135
Q 'f » t Kortti'ii—
B t P , M . 4 M Murcii.......
998,643 1 ,1 0 2 ,1 2 0 2,583,424 2,834,844
* Mm% mi Mltm,, iMurcii.. . . . .
88,906! 131,730
260.950
350,769
; Maftsti*, . , ,
165,858! 151,630
462,009!
450,172
1,253,307 1,385,446 3,306,449 3,644,785
G 'Jfirm n fA K ,( j H&reti.,
10,238;
0,833
26,381
15,071
w fld flF C blM fo.
3.673
2,823
11,320
10,057
HocHi.Tua.ai. Ssn, j February .
3,922
3,048
0,801
7,432
H o r n A T exoO m 'J mmim ry,,. 340,526 273,533
240,526
273,533
i \fhr d b ..... 1178610111724831
15,405.310;' 5.400,738
$
10,103
38,003
64,223
Latest Gross Earnings.
Weak o r Mo
gjaikoad lutcllicicuce.
RAILROAD
[V O L . L X 1 V ,
S
I
35,539!
381,063
71,691]
1897.
j 1896.
Jan. 1 to Latest Date.
1897.
j
1896.
Ind.Dee.A West. 3d wkAI.ir.
6,189,'
9,046
90,063
106,407
I ml. 111. A* Imv a January...
79.015
70,832!
70.532
79,013
In .A G t. North'n tthwk Mob
97.263
00,755
830,837
756,873
{Interne. (.Mex) Wlt.Mci.20
51,053
566,024
41,983
474,688
Iow a C e n tr a l,., tthwk Mob
38,614
40,089
875,978
500,974
Iron Rail w a r. . March. ...
3,140
4,475
10,151
18,573
Jack. T. A K. W, February .
27,989
30,608
04,971
59,199
Jumust'u A L .E January...
2,813
2,313!
KanawhoAM iob IthwkMeh
" i s .i o i
12,-108
111,478
115,947
K.C.F.Soot.t AM 1th wk Mcli 106,588
89,628 1.119,000 1,084,032
K.C.Mem. & Hlr. 4th wk Moll
20,000
22,952
313,715
296,342
Kim .O.N . W ... M arch.......
30,077
20,503
94,093
66,902
Kan.City A Om. •tthwk Meh
5,356
1.850
00,090
22,158
K. O. Pitt*. & G .. tthwk Meh
5 ’ ,731
18,028
357.315
151,501
Kart.O. Sub. Belt itbw k Meh
10.253
0,80a
83.587
63,607
Keokuk & West 3d wkMar.
7,246
8,012
75,583,
92,045
L, Erie All * 80 . M arch.......
6,272
5,883
20,377
18,303
L, Erie & W est. tthw k Moll
92,373
88,105
790,021
838,852
Lehigh & Hud . March____
26,013
32,152
81,030]
93,879
L ex'gtm iA Bast. J anuary...
13,518
17,497
13,528
17,487
Long Island — March....... 239,008 233,928
031,219
623.354
Los Aug. T erm . F eb ru a ry .
9,639
6.028
10,306
17,375
Louis. Ev.& St.L -tthwk Mch
41.190
39.437
3 18.002
341,857
L ou.H en.A 8 t. L. 1th wk Meh
10,056
12,084
J07,855
204,123
LouIsv.&Nashv. ith wkMoh 538,815 494.261 4,852,079 4,886,037
4
M a eon & B irm .. M arch.......'
5,270
4,13-1
17,213
17,747
M anlstique....... MSreh. ..
12,199
5.576
29,094]
33,108
Mempliis&ChiU 3d wkMar.
17,071
20,583
273,943
301,959
{M exican Cent.. tthwk Mcli 390.574 282,909 3,214.337 2,406,302
M exican lutor'l. F eb ru a ry . 257.230 245.106
518,216
479.653
IMex. National. ith wk Meh 160,030 146,192 1,392,217, 1,180,822
>Mex. N orthern. J an uary...
53,408
75,948
53,408
75,948
{M exican R’ way WkMoh. 20
75.000
57,500
793,500
672,500
M exican 8 0 ....... 3d wkMar.
13.000
15*2,619
13,284
118,202
Mlimeap.&St. r,. tthw k Meh
51,181
48,747
425,127
456,080
M. St.P.& 8 .8 t.M. IthwkMeh
103,204
88,190
679,445
786,984
Mo. Kau. & Tex tthwk Meh 200,578 294,838 2,623,911 2,821,651
Mo.Pac.&IronW itb w k Meh 685.000 665.000 5,386,000 5.273,508
Central lir’oh. tthwk Mch
24,0022,000
259,000
168,935
T otal.......... tthwk Meh 709.000 687.000 5 615,000 5,442,443
M obile & Birin. id wkMar.
0,400
71,025
5,732
65,658
-Mobile & O hio.. March.......
318,908 288,329
967,307
877,760
M ont.A M ex.G tf February
111,7.-17
80,874
215,135
191,634
X a 3h.Ch.&St. L. February . 420,982 419,338
834,033
882,937
Not. A Ft. Sli'p'o F e b r u a r y .
5,000
9,375
19,129
9,247
Nevada Central. February
2,811
5,486’
1,911
3,638
S .Y . C. & li. R. March___ 3,799,597 3,599,304 10,211,000 10,283,911
n . y. out. & w. IthwkMeh 106,961
95,744
802,867
763,881
N yy.S u so.A W .. B’ebruary
143,801 141,168
324,276
322,602
N orfolk A West. tthwk Mcli 198,169 201,532 2,515,369 2,770,974
Nortbes’n (G a.). J anuary...
5,429
5,429
6,105
6,105
Nortb’n Central February . 518,631 442.778 1,074.517
953,987
North'll Pacific -IthwkMeh 533,724 450,919 3,338,805 3,652,726
Oconee & West. F eb ru a ry .
3,490
2.936
5,892
6,416
Ohio River.
20,435
19,010
itliw k Mch
198.871
221,414
Ohio R iv.AChas M arch.......
18,762
17,730
52,539
55,079
Ohio Southern.. M arch.. . . .
56,523
133,575
63.418
193,299
Ohio Valley
January...
27,287
27,287
Oregon Imp. Co. ,1 anuary... 242.6S7 244,205
242,687
244,205
Orog. KR.ANav. M arch____ 312,794 283,312
869,855
951,574
Paeuic Mail___ F eb ru a ry . 363.181 343,897
719,888
647,370
Pennsylvania.}. February 4,436,234 4,646,034 9,241,905 9,639,805
Peoria Bee.AEv. 4th wk Mch
19,914
2 0 ,8 6 0
215,051
217,953
Petersburg.
41,016
F eb ru a ry .
45,084
84,394
91,041
Phi la, A E r ie.... M H uary... 254,857 289,095
254,857
289,095
P lilla A R ead .. January... 1,538,427 1,78 ,’ ,116 1,538,427 1,787,11.6
Coal A Ir. C o.. January. . 1,694 00 1 1,853.451 1,694,066 1,853,451
Tot. both Go’s. January... 3,232 49.1 3,610,507 3,232,493 3,640,507
Pin Kead.A N .E , January...
50.599
42.428
50,599
42,428
Pitta.O.C.&St.L, F eb ru a ry . 1,009,272 1,177,000 2,108,423 2,413,771
P itts.L isb.A W n M arch.......
4,104
3.376
10,334
11,680
Pitts. Sh. & L.K . JIarch.......
41.801
45,351
140,117
110,067
Pittab. A Wes’ n. 1th wk Mch
45,774
43,783
321,631
339,709
Pitts, Cl. ATol. Ithw kM eh
162,715
22,271
22,793
178.635
Pitts. Pa. A F . Ithw kM eh
6,848
8,145
41,546
40,109
Total system .. tth wk Mcli
76.190
73,422
537,601
566,618
Pitt. Young. A A . F eb ru a ry .
58,638
142 462
6S.658
121,953
Quinby O ,* K.C. M arch___
25,936
25,778
Rioh.B’r ’ksb &P. January...
48,564
54,843
48,564
54,848
Itioh.& P etcrsb. P e b r u a r v .
25,007
26,662
54,642
48,538
E ioG r, Sonth’ n. Ithw kM eh
11.184
8 552
77,699
103,860
Rio Qr’deW eat. 3d wkMar.
39,800
440,874
40.700
419,871
St.L. Oh.A SLP. J anuary...
20.865
20,805
23,653
23,653
St.L.Ken’et&So. Mawsh.......
3,785
1.879
13,155
14,500
St.L.ASan Frau, F e b ru a ry . 471,938 483,470
976,326
887.578
St-L. Southwest -1 th w kM oh 107,400 112,700 1,104.300 1,219,210
St. Paul A D ul.. M arch.......
99,0*0 103.938
276.872
291,587
San Ant. A A. P. F eb ru a ry . 131,420 127.520
271,301
283,342
SanFran. A N .P . F eb ru a ry .
50,953
42.838
97.254
87,895
Sav. Fla-AW eat January...
307.672 303,649
307,672
303 649
slier.Shrev.ASo. Ithw kM eh
0,155
SJIll
72,460
68 926
Sil.Sprs.O . A G January . . . 1 12,151
15,476
15.476
12,1.51]
s iiv e r t o n .......... D ecem ber.!
12,471
3,35-1
52,260
77,110
So.HavenAEast M arch.......I
1,487
1,930
3,625
4,904
ao.P u cilic C o .Gal.Har.AB.A Ja nuary... 377,531 474 563
474,563
377,531
Louia'ft. West. Ja n u a ry.,.
96,497
87.437
90,497
87,437
MOrgan'eLAT. January... 430,563 503 569
430,503
503,569
N.Y. T. A Hex. Jahunry...
23,797
15,745
15,745
23,797
T ex. A N . Orl.. January .. 126,095 128,106
128,106
126,095
AtL P rop 'tes.o January. 71009758 71241487 f i , 069,758 11,241.487
Pacilie system January... ’2.314,425 2,383.488 2.314.425 2,383.483
Total 01 all.e February . 3,417.105 3,702.490 6,801,288 7,327.465
9o. Pac. o f Cal January...| 729,530 799,098
799,093
729,530
So.Pae.oIAri/.. J a n u a ry... 212.073 217,977
212,977
212,073
So.Pac.ofN.M , January...! 103.297 103,014
103,044
103,297
Northern R y .. ,I an u ary ...' 157,314 153,*80
153.980
157,314
Southern B y ___ -tthwk Mcli 546,206 486,230 4,822,198 4,697,605
46,149
Spok.FTs ANm'. F eb ru a ry .
26.005
92,804
51,783
Staten LRap.Tr. November.
70,5-16 1,678,637 1,106.132
77,017
995
F
eb
ru
a
ry
.
1
698
S ton y® , A O’. Ml,
1,474
2,107
03,145
G7.709
Summit Branch. F eb ru a ry .!
154,40-1
139,059
07,897
Lyk.'Val. Coal. F ebru ary .
04,453
150.477
1.44,499
Tot’l both Go’s February J 127.603 135,606
304,881
283,551
3,448
Texas Ce-ut ra l.. 3 d wkM ar . 1
48,711
4,947
55,475
Texas & Paeille. Ithw kM eh 178.9 13 161,138 1,638,358 1,625,720
2,508
5,462
2,331
T ex.S.V .A N .W . F eb ru a ry . 1
5,835
427,019
46,014
45,132
Tol.&OliioCent. it h W kMoh
391,249
20,233
230,102
10,0 50
19,1,413
Tol. P. A West... 3d wkMar.
50.675
452,522
48,371
521,019
Tol.St. L .& K .C . tthw k Mch
632,118
07,410
73,430
U u.P .D eu .& G .. -ttllwk Mcli
752,887
Union Paeille—
Union P. UR.. January. J 1,001,744 937,320 1,001,744
937,329
O r.S.L .A U .N . .January...! 397,900 380,700
336,700
397,900
13.000
St.J 08.A G 1M , itliw k Meh
144,033
22,000
260,781
22.000
24,000
v’ent.Ki nnch.ii tthwk Mcli
168,835
259,000
I HE ( HKON1CLE.
A pril 10, i»«7.j
L a te s t
W eeK or
M
Gross Earnings
Jan. 1 to Latest
D al e
1896-97.
1895-96.
1896-97.
1895-96.
8
$
8
9
Un. Pac.—(Con.);
33,05
25,416
33,051
62,338
78 ,5 55
78.555
1,682.623 1,545,629 1.682,623
306,204 305,277 2.634,355
15,149
19,138
15,149
128,147 129.545
252,102
77,250
73,139
162.442
31.016
390,973
33,08*
57,215
51,-57
57,215
54.500
80,COO
599,92s
27,< 97
223,343
35,065
116,599 106,424
920,567
15,929
S,68»
7.729
25,416
tch i.r-G A W i Ja nuary...
Cen.Br.AL'dL January..
62,338
1.545,629
Gr'd total.*, January...
Wabash
..
Itbw kM ch
2.905,440
Waoo A North « January...
19.138
W .Jersej&Sea’ e February .
264,137
170,601
W. V.Cen.A Pitt February .
380,962
West Va. A P I ttf December
51,857
Western o f Ala. January...
628,913
West. N. Y. & Pa 4th wk Mch
280.542
Wheel. A L. Eri» 4th wk Mch
Wisconsin Cent 4th wk Moll
908,808
17,772
W rlghtsv.A T ei F ebruary.
* Figures given do n ot include Oregon Ry. A STav.,Un. Pao. D enverA
Quit, Denver Leadville A Gunnison, M ontana Union and Leavenworth
Topeka A 8outh vestern. a These figures inciude results on eased lines.
6 Includes earnings from ferries, etc., not given separately. I M exi
can currency, t Includes on ly half o f lines In whioh U nion P acific has
a half interest
d Includes operations o f the Chic. Burlington A N orthern in b o th
years.
§ Covers results fo r lines directly operated east o f Pittsburg.
€ Includes results on affiliated lines.
f Covers besides the Atlantic System the H ouston A Texas C entra \
Austin A Northwestern, Central T exas a Northwestern and Ft. Wort b
A New Orleans.
t Includes St. Louis Alton & Terre Haute for all periods.
L a te st D ro s s E a rn in g s by W e e k s.— T h e la test w e e k ly earn
ings in the fo r e g o in g are separately su m m ed up as follow s •
F or the fo u rth w eek o f M areh ou r statem ent covers 72
roads, and sh ow s 7'37 per ce n t increase in th e a ggrega te
over the sam e w e e k last yea r.
4Ih
w eek o f M a rch
Alabama G i. Southern..
Atlantic A Danville .. .
Balt. A Ohio Southwest..
Budalo Koch, A P itw b’g
Burl. Ced. Rap. A N oj.Ui
Canadian Pacific______
Chicago a East. Illinois.
Chicago Great Western.
Chicago Milw. a St. Paul
Chic. A West M ichigan..
Oln. Jackson A Mackinaw
Cleve. Canton A South’ n
Ulev. (fin. Chic, A St. L.
Clev. Lorain A Wheeling
Denver A Rio Grain!*
Detroit Gr. Rap. & West
Evansv. A Indianapolis
Evansv. A Terre Haute
Flint A Pere Marquette..
Fla. Cent. A Peninsular.
Ft. Worth A Denv. City.
Grand Rapids A Indian-.
Cin. Rich. A Ft. Wayne
M ub. Gr. Rapids A Ind
Granu Truns o f Canada.
Chicago A Gr’d Trunk
Det. Gr. Hav. & Milw..
Cin. Sag. A Mack..........
Toi. Sag. & Musk...........
Intern'l a Gt. North’ n . .
Iowa Central ...................
Kanawha A M ichigan___
Kan. «ity Ft. 8. A M em ..
Kan. City Mein. A Blrm.
Kansas City A Omaha. ..
Kan. Uity Plttsb. A Gull
Kan. City Suburb. Beit...
Lake Erie A W estern___
Loulsv.Evansv. A S t.L ..
Louisville Hend.A S t.L ..
Louisville A N ashville...
Minneapolis A St. Louis
Minn. St. P. A S . S. M ....
Mo. Pacific A Iron M t___
N. Y. Ontario A Western
Peoria Deo. A E v a n sv...
R io Grande Southern..
St. Joseph A Od. Island.
St. Louis Southwestern..
Sherman Shreve. A S o..
Toledo A Ohio Central..
Toi. St. L. A Kan. City...
Un. Pac. Den. A G ulf___
West. N. Y. A Pennsylv
Wheeling A Lake E rie ..
Wisconsin C eutral..........
Total (72 roads)..........
Net Increase 17-37 p. o.L.
1897.
1896.
*
35,919
38.286
10,036
174,458
82,486
106,474
533,001
91,^3'
365,622
85,438
14*,917
788,982
44.937
20.46:
18,224
377,2430.690
174.800
34,0“b
8,620
27,660
79,145
59,917
20,954
38.030
58.174
11,329
1,294
2,402
482,17 a
» 8.335
27.689
3,378
2,713
97,263
38,614
12,468
116,58“
29.000
5,356
57.731
10.253
92,373
41,190
16,055
538.815
390,574
106,080
51.184
103,208
260.678
685,OOt
24,000
106,964
198,169
533,724
20,435
20,860
76.190
8.552
22.000
107,400
8,941
540.206
178,933
45,182
56,675
73,430
306,201
54,500
27,097
116,599
*
36.603
30.251
10,537
161.586
74.550
111,296
403.000
127,35°
270.0 o7
91,947
124,9 44
902,433
35,5w2
18.101
18,057
330,121
31.629
169,300
25.638
8.* 46
2 ’ .566
77,853
58,. 02
17.710
33,706
56,160
12,63.
1,032
3,992
443.444
81,816
24.935
.n,605
1.66 m
06.755
40.089
12,201
89.028
22.952
1,850
13.028
6,869
88.105
39,437
12.08 4
494,261
282,909
146,192
48.747
88,190
294,838
065,000
22,00u
95,744
20* ,532
450,919
19,640
19,914
73,422
11,184
13.000
112,700
6,155
486.230
101,186
40,014
48,371
67,410
305,277
80,000
35,065
106.424
9,305,053
8,666,011
In crea se.
D ec rea x t.
9
$
8,035
12,872
7,936
73.000
95,555
684
5oi
5,021
9,345
2,360
167
47,127
5.500
8,333
74
94
1,292
1,715
3,2 4
4.324
2,01 4
2G2
1.045
30,500
267
16.960
6,048
3,506
39,703
3,304
4,208
1,753
3,971
44,554
107,065
19,888
2,437
15.018
20,000
2,000
11,220
82.8- 5
795
946
2,708
9,000
939
in te r e s t C h a rges a n d S u r p lu s .—T h e fo llo w in g roads, in
addition to their gross an d net earn ings g iv e n in the fo r e g o in g ,
also report cha rges fo r interest, & c „ w ith th e su rplu s or d e ficit
above or below those ch a rges.
R oa n s.
Choc. Okl. A p u lf...... Feb.
1.201
127
1.475
8.304
6,020
927
*
—I y u e r , i t r t n l a l 8 , < * c . s * - B a A . o f N e t E arns.—*
1896.
1897.
1897.
1896.
*
9
*
$
19.000
3,895
70.000
74,994
10.035
10,030 'd ef.4.77 4 *def.3,378
81.836
81,595
*576 *def.3,237
115,164
27,482 def.8,496
113,016
923,322
920,141
83,270
59,845
16,507
12,352
7,983
7,163
109,922
125,558
138,970
82,235
37,426 "def.2,933
30,700
*9,688
305,72 4
*8,194
311,015
*142,161
A fter allowing for other incom e received.
S T R E E T R A IL W A Y S AN D T R A C T IO N C O M P A N IE S .
The fo llo w in g table sh ow s the g ross earnings fo r the latest
period o f all s t r e e t railw a ys fro m w hich w e are able to o b ta in
w eekly or m on th ly returns. T he arran gem en t o f the table is
the sam e as that fo r th e steam road s—that is, the first t w o
colu m n s o f figures g iv e the gross earnings fo r the latest
w eek or m on th , an d the last tw o colu m n s the earnings for
the calendar year fr o m J a n u a ry 1 to au d in clu d in g su ch latest
w eek or m onth.
RAILW AYS
AND
L a te st
34,260
W eek o r M o
3,363
2,632
832
25,500
7,968
246,716
N et E a rn in g s M onthly to L atest D a tes.— The table follow
ing show s the net earnings o f S team railroads reported this
w eek. A fu ll detailed statem ent, including ail roads from
w hich m on th ly returns can be obtained, is given once a month
in these colu m n s, and the latest statement of this kind will
be fou n d in the C hronicle o f March 20, 1897, The next will
appear in the issue o f A p ril 17, 1897.
TRACTION
G ross E a rn in g s .
G r o ss
E a r n in g s .
10,175
885,728
639,012
Kanawha A M ich ... Feb,
July 1 to Feo. 20. . . .
Kan. C. Ft. S. A M ... Feb.
July 1 to Feb. 2S.......
Kan. C. Mem. A Bir.. Feb.
July 1 to Feb. 28.......
Toledo A O. Cent.......Feb.
July 1 to Feb. 23. . . .
STREET
5,300
2,736
59,976
17,747
1897.
1896.
1897.
1896.
$
s
$
$
95.666
88,605
Ann A rbor................. Feb,
26,849
194,256
174,155
Jan. 1 to Feb. 28.......
55,718
36,895
43,359
Atlantic & Danville.. Feb
7,905
7,372
77,759
83,106
15,191
Jan. 1 to Feb 2 8 — .
10.683
354,393
379,324
82,962
July 1 to Feb 28........
87,444
310,301
Burl. Ced. R. & N o.a.. Feb..
351,238
131,690
128,121
609,403
Jan. I to Feb. 28.......
743,945
232,267
276,020
88,323
101,132
22,895
Choctaw Okla. & G. Feb.
19,665
201.231
230,616
58,521
Jau. 1 to Feb. 28.......
44,955
463,451
Nov. 1 to Feb. 28.......
447,540
150,994
92,251
58,912
50,225
1,515
Cin. Jack. & M ack.b. Feb.
8,069
101,500
111,202
Jan. I to Peb. 23.......
5,143
11,116
Illinois C entral.a.f..F eb 1,769,244 1,755,278
572,827
517,358
Jan. 1 to Fob. 28....... 3,679,019 3,675,9o7 1,295,479 1,148,827
July l to Feb 28. ... 15,131,037 15,304,702 4,715,126 5,355,073
32,699
Kanawha & M ich.b..F eb.
36,128
5,311
6,652
78,533
77,271
Jan. 1 to Feb. 23.......
18,413
16,863
320,220
July 1 to Feb. 28.......
316,478
82,462
78,308
391,431
380.464
142,646
Kau. C. Ft. 8. & M .a . Feb.
104,520
749,391
760,533
Jan. 1 to Feb. 28.......
244,043
221,049
July 1 to Feb. 28....... 3,094,546 3,170,628 1,012,092
979,989
103,220
Kan. C. Mem. A B . a . Feb.
99,932
24,490
20,015
210,694
215,500
Jan. 1 to Feb. 2 3.......
60,853
52,327
866,855
July 1 to Feb. 28. . . .
875,748
264,528
192,157
Laolede Gas-L. Oo... Mar.
73,218
61,728
225,112
Jan. 1 to M ar. 31........
210,423
2,811
756
Nevada Central......... Feb.
1,911
def.45
5,486
Jan. 1 to Feb. 23. . . .
3,633
1,065
def.873
759,494
897,904
Norfolk & West’ D .a.. Feb
173.035
198,741
441,753
Jan. 1 to Feo. 28........ 1,641,564 1,873,487
433,415
Oct. 1 to Feb. 28........ 4,431,538 4,678.436 1,214,099 1,070,991
27,287
Ohio V a lle y ................ Jan..
2,953
363,181
Pacific Mail. ............Feb.
343,997
55,659
75.840
J a n .1 to Feb. 23-----719.888
647,370
130,022
99,333
May 1 to Feb. 28. . . . 3,350,712 3,540,500
637,092
716,754
Philadelphia & Reading-—See detailed statem ent on page 708.
Phila. Wilm. & Suit..Feb.
Deo. 23,195
Ino. 3,564
Dec.249,582
Nov. 1 to Feb. 28 . . .
Deo. 27,503
Toledo AOhio Cent. b. Feb.
117.476
138,493
29,421
40.81T
232,9 43
Jan. I to Feb. 28......., 262,520
75.525
85,637
July 1 to Feb. 28....... . 1,187,409 1,354,734
306,903
444,789
235,385
206,767
Ua. P. D .& G u lf b ..F eb .
73,726
29,489
483,632
Jan. 1 to Feb. 23.......
447,150
154,529
88,770
113,451
1,530
33.728
519
2,754
- G r o s s E a r n i n g s .—
R oa d s.
a Net earnings here given are after deducting taxes,
b Net earnings here given are before deducting taxes.
{ St. Louis Alton A Terre Haute included iu all periods, ex cep t that
for the three months from July I to Septem ber 30 that road's results,
are not included for 1895.
35,420
6,509
23,973
703
ARron B edf’d A Olev. December.
Akron bt.R y.A I1L Co December.
Amsterdam 8t. R y ... F ebru ary .
Atl. Consol. St. R y .. Deoember.
Atlanta R ailw ay....... February .
Baltimore Traction.. M arch.......
Bath St. Ry. (N. Y .).. F eb ru a ry .
Bay Cities C on«ol___ January*-Blngnannon St. R y ... January...
Bridgeport Traction M arch.......
Brookton Con. St. Ry F eb ru a ry .
Br’klyn Rap.Tr. Co.—
Brooklyn H eights.. March.......
Br’ klyn cju’ ns <Sc Sni March.......
Total lor system March. . . .
Bnflalo R y ...................
Chester Traction....... F eb ru a ry .
Ohio. * So. Side K.T.. January...
City Eleo. (Rome.Ga. I F eb ru a ry .
Cleveland E lectric... February .
Cleve. Painsv.A E ___ Decern her.
Columbus St. Rv. (O.i 4th wk Mch
Coney Island a B’lyn F eb ru a ry .
Danv. Gas El. Light A 1
Street R y ................. January...
Denver Con. Tram w February
Detroit Citi'us’ St. Ry. M arch.......
D etroit Eleo. Ry.
February .
Duluth St. R y___
December.
Erie Eleo. Motor C o .. February .
1897.
1896.
*
9
6,450
5.782
18,968 20,52b
3,050
3,149
29,250 * 62,840
4.964
5,314
95,723 87,267
1,257
1,13.
6,927
6,336
9,767
10,029
22,853 22,329
21,707 19,971
COMPANIES.
Jan.
1 to
L a te s t D a te .
189 7
1896.
*
$
91,686
210,247 189,256
6,846
7,215
368,715 *474,112
10,469
10,334
270,320 256,859
2,444
2,679
6,330
6,927
10,029
9,767
00,941
65,196
44,625
39,628
351,642 336,167 1,002,956 983,049
55,029 5*»,527 156,859 146,655
406,671 386,694 1,159,815 1,129,704
1,369,22 1,327,774
24,952
12,015 12.270
24,821
65,871
56,609
66,609 65,87,
2.792
1,432
1,344
2,870
115,513 118,977
244.384
239,691
4,993 ........
138,456 148,506
10,52 • 11,411
40,397
40,801
19,184 19,313
9,597
49,40.
83,952
31,319
10,255
9.116
8,727
51, Oi
7.7,219
31,914
17.750
10,57)
9,597
103,414
242,36 i
64,78
225,9 ; 2
19,374
8,727
100.141
220,173
67,048
236,169
21,406
THE
704
O ttOSA
lUftJilSGA.
Im U
s
!
t ir o s * H a m in g * .
xfihkar V o' 1897. j 1808.
@ a ]r « it o » City Hy.. February
HerSiiuer Mobawk II
ier. a f k f o r i K l.B y. F ebru ary .
Heoslek Hy ............... F eb ru a ry .
Houston Elbe. 8 t By. February.
Interstate Consol ot
North A ttleboro.— F eb ru a ry .
Kttueatoa City B y .... February .
L ebiib T raction....... F e b ru a ry .
London St By. (Cab.I F e b ru a ry .
to w e l! Law. A Hav F eb ru a ry .
Lyots A B oatoii.. . . . . 38 wkM itr
Ati’ Uop.tKanaas Oityi tthwfc Mob
Mor.te»ti:.-r,v 8 t. B y .. February .
Montreal Street B y ... February .
tiaa.au Klee. (B 'klyo) February .
Biewburyb Kleetrle... F ebru ary.
Sew Ragland fit.—
Winohealer A v e ___March.........
Plym’ tb * KInuaton Marcti.......
T o ta l............ ....... M arch.........
Sew London fit. B y ,. February .
t ie s OrtratiaTraction F eb ru a ry .
N, Y. A Queens C y ... February .
Oicrtt'D.bm'B fit. K y . February .
Pnteraon R y.............. F ebruary.
Flttslt.Ft. 8 nb, El.Ry. February .
Po'keeptle A- Wapp, F. M arch---- Bo. Hester B y . . . . .
iFebruary .
Schuylkill T raction.. February .
SconylkUl Yal. Trao. January...
Scranton & Plttston. . F e b ru a ry .
ecranton Hallway___ M arch.—
Second Ave, (FIttab.l February .
t yracuae K'-'-SiiSoKt. F e b ru a ry .
fty ran; sc Bap. Tr. By. IF e b ru a ry .
T « r e Haute EFo. B y. ID ecem ber.
Third A ve. tN. AM
IDeeember.
Toronto B y ............... M arch.......
Twin City Kap. Tran. iF ebruary.
Union (S . B edford).. iFebruary".
Doited Tract, IP rov .ijF eb rn ary .
January...
Unit, Trao. (Reading)'~
W akefield& s t o n e .,- F eb ru a ry .
W aterbary Traction.. February.
Wheeling R ailw ay.. February .
Wllkesb. A- Wy.Valley F ebru ary.
Jem .
CH RONICLE
1 to lta te s t
1897.
D a tt.
| 1896.
*
14.907
*
13,058
*
I
29,015
$
28,317
3.327
491
13.764
3.313
455
13,847
6,924
073
28,073
6.748
1,010
28,252
6,377
8,431
3,513
9,113
5,297
26,132
21,886
44,096
3,462
87,395
25,126
4,407
3,60a
7.953
8.159
2 5 ,7 1 1
22.156
44.2591
3.919
89,052
1 0 2 ,Hot)
4,272
14,896 14,388
2,142
2,062
17.037 16,150
2,415
2.418
98.090 115,325
22,590
*78'
21,321)
2,812
5.510
62,287
6 417
3,M>9
4,147
27.349
30.381
2.304
30,004
78,892
140,214
15,018
119,034
11,677
3,224
16,473
1 1,23»
34,449
'" " 6 4 3
2 2 .U 2
1.314
5.448
68,783
7.252
1.163
25,523
29,842
2,690
32,768
16,193
17,320
7,372
7.28.2;
18.716
16,655
10,382
12,760
52.857
53.252
244,111 238,640
383,068 385,804
7,150
7,569
189,588 182,452
50,684
211.083
9,358
8,792
42,070
6,040
48,116
5,119
199,348
46.921
42,681
6,096
48,777
5,101
221,809
1,909
'"i',702
45,095
5,130
15,881
45.478
2,711
16,043
"i 4.3*93
3.509
8,877
78,910
62,743
4,745
15,233
4,163
62.194
161,601
2,626,898
74.094 223,905
145 061 292,181
15,511
30.883
125,075 248,217
12,251
11,677
6.509
2,993
35,514
19,282
24,159
12,180
36,334
73,868
75,437
62,068
ft,348
66,089
143,145
2,615,’ 52
221,446
303,974
30,116
256,649
12,251
6,221
40,738
23.666
75,192
‘ Figures were exceptional In 1896 on aooount o f Atlanta E xposition
fVOL, L X IV .
Twin City Rapid Transit Co.
(R eport fo r year ending Dec. 31, 1SS6.J
President Thomas Low ry remarks in the report as below :
Earnings .—The gross earnings were $2,059,317 57, an in
crease o f 3’5I per cent. Many ot the principal business
streets in the centers o f the tw o cities, on w hich our lines are
located, have been repaved during the past year, causing a
practical abandonment o f these streets for periods varying
from forty to ninety days, during w hich our gross receipts
suffered a ereat loss.
Inter-urban Line ,—The gross passenger receipts of the Interurban Line, connecting business centers o f the tw o cities,
were $384,720 90 for the year 1896, being a gain o f 6*09 per
cent over 1895 and 8-98 per cent over 1894, This line, 9 miles
in length, operates 20 cars daily, and earned from passenger
traffic during 1890 an average o f $1,050 per day,
Net Earnings.—-In addition to its total operating expenses
the Twin City Rapid Transit Company has earned all its
fixed charges due and accrued, also earned and paid its fixed
dividends o f 7 per cent, amounting to $79,534, on ail its
outstanding preferred stock, and in addition thereto has
passed to the credit o f its surplus account $299,997 93 as the
result o f the operations for the fiscal year ending Dec, 31,1898.
Financial.— A comparison ot the resoeotive trial balances
at the cloBe o f business for the years 1895 and 1898 shows the
follow ing amounts to be accounted for :
Proceeds o f sale o f preferred stock at p a r ............................... 82,000 00
Nat earnings fo r 18 96................................................................... 299,997 92
Proceeds o f the sale o f 10 1st consolidated (Mpls. Str, Rv.
Co.) bon ds................................................ .................................... 10,000 00
Increase in current liabilities..................................................... 4 2 4 ,8 3 9 1 2
T ota l............................................................................................... $736,837 04
W h ich is accounted for as follow s:
A m ount expended in im provem en ts..................$266,208 64
R eduction o f the funded debt, and 6 per cent
certificates, vis:.:................................................... 215,000 00
ls t m t g . bonds, M in n e a p o lis...... $10,000 00
6 per cen t certs., M inneapolis...... 102,500 00
6 p e r c e n t certificates, St. P a u l... 102,500 0 0
T. O. R , T, Co. stock acc’t subject to adjustm ’t . .
8,173 29
Increase in the current assets.............................. 241,348 4 0
Sundry accounts to profit and lo s s .....................
6,106 71
Street R ailw ay Net E arnings.—The follow ing table gives
$736,837 04
the returns of Street railway gross and net earnings received
The com pany paid ou January 1, 1897. $205,000 o f the out
this week. In reporting these net earnings for the street rail
ways, we adopt the same plan as that for the steam roads— standing 8 per cent certificates issued by the underlying com
that is, w e print each week all the returns received that panies, and canceled $45,000 o f those held in the treasury of
week, but once a month (on the third or the fourth Saturday) the Twin City Rapid Transit Company. This leaves a balance
we bring together all the roads furnishing returns, and the still outstanding o f $1,250,000: o f this amount $225,000 is
latest statement o f this kind w ill be found in the Chronicle owned by the com pany and held in its treasury. A d d to the
of Match 20, ’07. The next w ill appear in the issue o f April 17,’97. amount o f outstanding certificates the excess in the current
-Gross tiarnings.- S e t E a r n in g s ,
— liabilities over the current assets o f $814,101 91, and we have
1897.
1896.
1897.
1896
a total debt o f $1,879,101 91, in addition to the bonded in
Baads.
$
debtedness. To provide for the payment of this, the com pany
Columbus (O.) St, By.Mar.
48,043
50,896
25,248
25,153
138,4*6
Jan. 1 to Mar. 31.......
148,500
71,871
69,958 has in its treasury $1,863,800— 7 per cant cum ulative pre
Detroit C!tlz(iua’ 8t. Ry.Mar. 83,952
77,219
37,174
30,615 ferred stock.
242,364
220,173
Jan. 1 to Mar. 3 1 .....
109,622
79,839
Improvements,—The City Councils of Minneapolis and St,
4,272
NewburgJElee K y...F eb.
4,407
1,145
871
9,358
Jan. 1 to Feb. 2 8 .....
8,792
2,330
2,263 Paul ordered the repaving o f the principal business streets in
July 1 to Feb. 28.......
58,097
68,195
25,122
25,997 both cities to be completed during the psat season.
Poe k-h.Cssy A w. Falls,Mar,
5,448
1,275
5,516
1,480
In addition to that portion o f the expense of paving on the
Jan. 1 to Alar. 31.......
15,881
16,043
4,520
4,474
Scranton R ailw ay... Mar,
27,349
25,523
11,304 streets where our tracks are located, required to be paid for
12,003
Jan. 1 to Mar. 31.......
78,910
75,437
34,434 by the com pany, w e decided that it would be best to substi
35,5*5
July 1 to Mar. 31.......
270,537
243,969
124,791
121,992 tute a heavier type o f track construction, w hich was done at
a large cost. W e put in an 80-pound “ T ” steel rail, 60 feet
long, “ cast-welded ” , making it a conlinuous construction,
ANNUAL REPORTS,
and all imbedded in concrete, dispensing with the use of
wooden ties, the gauge o f the track being maintained by the
A n n u a l R e p o r t s .— T h e fo l l o w i n g is an in d e x to a ll an nu s 1 use of steel rods connecting the rails, thus giving us a track
rep orts o f steam r a ilr o a d s , s tr e e t r a ilw a y s a n d m isce lla n e o b *
practically indestructible.
This “ cast-welded ” join t has
c o m p a n ie s w h ic h h a v e b e e n p u b lis h e d s in c e th e last e d itio n !
been adopted by the principal electric roads of the country,
o f th e I n v e s t o r s ’ a n d S t r e e t R a i l w a y S u p p l e m e n t s .
the Chicago City R ailw ay Company of Chicago alone having
T h is in d e x d o e s n o t i n c lu d e r e p o r ts in t o -d a y ’s C h r o n i c l e . welded over 80 miles of its track. The process o f “ cast-weld
R ailroads and Miscsl , Co’ s.
K a h .roai >aitd Misc e l . C o ’s (D oji.) ing” , though very simple, is effective, and consists o f rem ov
Yoltunt 6 4 —
Page.
V o l u m e (U—
P a ge.
A lahitma Greal Southern*. *....... *. 825
Moxlcan Central*.*.,................. .. 4S5 ing the fish-plates, and encasing the adjacent ends o f tw o
A hi- N. O. A Tex. Pac. Juno..,..*.. 328 M en can Natioual..... .... 518, 568, 609 rails in 150 pounds of molten iron, which, when cooled, holds
A merica« Bell Tel ©phone,.......
fiesl Missouri Pacific.........« .......... .... Bifi
Atneriesui D1*1 . Tel
.. 327 National Lead ........
372 the rails in an im movable clasp.
1■ ■■
Natl on ai Lin seed Oil............. ..... !tf8
The item o f $7,471 98, charged to real estate, is not a new
A mmean Screw Co,
607 New Cenl^ral Ckiftl (Mcl,)................ 515
purchase, but a transfer from our form er bills receivable ac
A mt-fj
Soda Fountain
281 New York Biscuit Co___ 062
A rueri can 81ra w Board,............... 807 N, Y . Chicago & St. Louts .......
371 count, occasioned by default o f the maker of a note and m ort
• -............... »1*3 N. Y, & New Jersey Telephone,... 515
At 1anI ?c A I"acifl 0 ...
1751 Northern Central..,,............... 871, 375 gage held by the com pany, and who gave the com pany a
Ohio KlverRR.............. ..... .... 001
Br- k4 lyu Wharf & Warehouse Co. 421 Oregon Improvement Co.........284, 605 quit claim deed to the entire property.
Motive Power .—A very important" and considerable factor
( -unadtan Poelfia...... .... .'lid, 512, 510 Pennsylvania RR........... .-its, 465. <170
y s 'h ’al HR* ml New Jersey*.... ... aaa Penn syl van Ia Steel Co
....... 506 in the cost of operation is the m otive power.
On! Cmon Telep. (Chicajto),., 323 Philadelphia & Erie.............. 3art, 371
The Pillsbury-W ashburn Milling Co. w ill have completed
LAmr.pl t **mout*.................. .... 696 PlillfL Wilmington & Baltimore... 178
0j*rh-*Urn A Suvnnutth...........
421 Plttsbnm & Lake Erl©... . . ... ..... 200
and ready for operation by the 1st o f July o f the preseat year
Chlcwn A AJo.m ..........
.357 870 Quincy
Minin# Co... . ....... .
468
ChiOAsro
Wosturo,iwl/-jiwir., 325 St. Louis Iron Mt. & Southern .... 514 a magnificent stone dam across the Mississippi River, below
Cnk^r. \ North Western..'...,
203 St. Louis Vandal la & T. H ....... . ISO the present Falls o f St. Anthony, creating an additional
t hlwujo Prw»n* A St. Ixml*......281 om Savannah
Florida & W estern....... 421
ChtrsMfo JR. P. M . i 'Injalia............ 5 U Southern New
Rutland Telephone. 008 water power of 10,000 horse.
Cfalootfo Telephone C o.................... 008
Western Stable Car Co*... 007
The Twin City Rapid Transit Company has leased this
tw rm tK l a PtUabune................. cos Street’s
Summit Branch R R ,..... . . . . . . . . . . . 421
605
Mining Co..................... 603 power for a term o f forty years on a basis that will add
Coa\ iMarylAfj d>,,, 098 Tamarack
Tennessee Coal, Iron & Railroad., 505 largely to its net revenue.
467 Terminal HR A bso., St* Louie...... 515
a }la*i»on Eiiwmi
Tba Company w ill have a large surplus o f power to lease,
Texas Central .........................
511
ffeteWAftt Lock, At W hip
231 Trenton Potteries.... ..... ... ..... s&7
m ttaMaojufl
..
! erre Haute & Indianapolis......... 400 and although the dam is not yet com pleted, there is au active
W ISiJteoo jBtaetfte tn+at HrHton..,», 285 Terre
Haute A. Logfttlaporfc..... ... 407 demand for the surplus power.
m \ ^ n ISisTirte III, oi fir DOklrnr.,
1 erre Haute & Peoria.. ... . . . . . . . . . 467
Our Company is relieved from any expense whatever in
ItelAoo BtaeL Elk’of N. t ..231,8*7,
Texas A Pacific.......... .
564
0<ytFSf|.» ItallrcxftB___ ...
831 Union Pyoiae Denver A G u lf.,,... Mil connection with the installation of the machinery or electrical
ft&Ofd* <#AA*U0fct__
. 002 jiFided Bleciric Securities Co__ _ 042
11*7 A We^erti........ ..
ITS Ufdted States -ssatljer O o . . . 422 apparatus necessary to a complete utilization of all the power
Homiusdoh A Broad Top.......
, 326 W©stern Maryland.................
473 generated.
Illinois Steel...... ,
**,
, 372
The Pillsbury-Wash burn Milling Co. has contracted with
•
. ..
407
H
trf. et R a il w a y s ,
Brie & W"extern
371 Akron fit. By. * mum..
. 807 the General Electric Co. for all Electrical Machinery, includ
L41h5eh O .aJ \ NavlaLADori......
371 Baltimore Traction..
(107 ing their most modern direct-connected electrical apparatus,
i W lfteoB um Cool* *,,
■ . . LoalsvUU' By ... ...
373 I Wlkeabarrc x Wyomlu* Vat.jrae. 807 by means o f w hich the power will be transmitted, both under-
THE
A p b il 10, 1807.J
CHRONICLE,
705
grou n d an d overh ead, to ou r lines in both M inneapolis and I R e a d in g C om p a n y — P h ila d e lp h ia & R e a d in g R a ilw a y .
S t. Paul.
( B a la n ce Sheets as o f D ec. 1, 1896.J
The one feature that w ill g iv e ou r w ater p ow er its su p rem
On pages 709 to 713 o f to d a y ’s issue w ill be fo u n d an official
a c y over that o f N iagara, or a n y oth er sim ilar p ow er, w ill be
statem ent fu rn ish ed to the N ew Y o r k S to ck E x ch a n g e ,
its geogra p h ica l location .
H ere w e have a g re a t w ater
g iv in g balance sheets o f the R ea din g C om p a n y, the P h ila d el
p ow er situated in the cen ter o f a p op u la tion o f n early h alf a
phia & R eadin g R a ilw a y an d the P h ila delph ia & R ea d in g C oa l
m illion people, and as the popu lation increases w ill n o t d is
& Iron Co. as o f D ec. 1, 1896, a lon g w ith m u ch oth er in fo rm a
turb this centra liza tion o f pow er.
This is an im portan t
tion bearing on th e com p a n ies’ fin an ces.— V . 64, p. 611,
fa c to r , w hen the cost o f electrica l transm ission is taken in to
consideration. [See lo ca tion on m ap in pam ph let rep ort.]
P a n a m a R a ilr o a d C om p a n y.
( R e p o rt f o r th e y e a r en d in g D ecem ber 31, 1896. )
I t w ill be n oticed that the President refers to tw o sp ecia lly
P residen t J. E d w a rd Sim m on s in the report says in p a r t :
im portan t m atters that have o ccu p ie d the atten tion o f the
G eneral R esu lts. — D espite the d o w n w a rd ten d en cy o f all
co m p a n y du rin g the year. O ne o f these w as the ch ea pen in g
o f the cost o f operation b y th e utilization o f n atural p ow er ; transportation rates and the fa c t that th e earnings fr o m all
the oth er the chea pening o f the cost o f m aintenance by the traffic sh ow a loss o f $110,061, the com p a n y , o w in g to r e d u c
use o f im p roved m ethods in track con stru ction . In c o n n e c tions in th e cost o f operation an d to th e o w n in g and operation
tion w ith the latter, th e Twin C ity R apid Trausit C om pan y o f steam ers betw een N ew Y o r k an d C olon, has been able to
has put in about ten m iles o f this n ew con stru ction . In a d d i m ore than cou n terb a la n ce all u n fa vora b le influences.
New M ortg a ge f o r R e fu n d in g , E t c .— T he 7 per cen t sterling
tion a very large p roportion o f its m ileage has been “ castw e ld e d .” The inter-urban lina is la id w ith ex tra h ea v y rails m ortga ge bon ds, origin a lly issued to th e a m ou n t o f £1,000,000,
m ature on O ct. 10, 1897. O f these the com p a ra tiv ely sm all
an d is a m od el o f sm oothness.
The oth er m atter referred to is the lease o f w ater p ow er and sum o f J£537,600 ($2,688,000) rem ains ou tstan din g, an d fo r
electrical generating m a ch in ery o f the P illsb u ry-W a sh bu rn their retirem ent the c o m p a n y holds U n ited States G overn m en t
F lou r Mills C om p an y’s n ew dam . R egardin g this the fo llo w bonds and oth er securities, £187,800, lea v in g a balance D ec.
31, 1896, o f £349,800; against w h ich w ill also be ap plicable
in g is tak^n fro m the “ M inneapolis Jou rnal ” o f M arch 27 :
interest to a ccru e on bonds in sin k in g fu n d to O ct. 10, 1897,
With wise foresight the com pany has leased the pow er to be gener
ated at the new dam o f the Pillsbury-W ashburn Flour Mills Company, and estim ated net earnings to J u ly 1, 1897, a m ou n tin g to
in M inneapolis, fo r a term o f forty years. This power will consist of £50,400, lea vin g to be p rovid ed fo r at m a tu rity £299,400.
ten units o f 1,000 horse-pow er each and w ill furnish enough electric
For the balance o f £299,400 and fo r the im p rovem en ts o f
energy to operate the street cars o f both cities and leave a surplus for
sublease to m anufacturing concerns. The use o f this water-power term inals and service, as w ell as fo r the fu tu re requ irem ents
o
f
the com p a n y , a n ew issue of* tw en ty -yea r 4 )£ per cen t first
w ill m uch reduce the cost o f producing electricity fo r the com pany
and form a considerable feature in the econom y o f operation which is m ortgage sin k in g fu n d g o ld bonds w ill be m ade b y th e c o m
being aimed at all along the line.
pany fo r the present a m ou n t o f $2,000,000, but lim ited in the
The new p ow er dam is a m agnificent piece o f civil and electrioal
engineering. It is built by th e big m illing com pany o f which Charles aggregate to $4,000,000. B y this red u ction in the prin cip al
A. Pillsbury is the head, and will utilize the entire flow o f the Missis and also in the rate o f in terest, the co m p a n y has redu ced it 3
sippi R iver below St. A nthony Falls. The dam begins at the west annual fixed ch a rg e ov er $100,000.
bank of the river at a point 200 feet below the Tenth A venue bridge,
F rom the sale o f $2,009,000 o f the n ew bonds ab ou t to be
and runs parallel with the bridge for a distance o f about 450 feet. It
then turns at an obtuse angle and runs dow n stream, nearly parallel I issued the co m p a n y w ill have su fficien t to retire th e o u t
with the east bank o f the river, for a distance o f 035 feet, making a standing sterling bonds at m a tu rity an d leave a surplus o f
total length o f 1,085 feet. The latter portion o f the dam form s one h alf a m illion. This n ew m ortg a g e w ill con stitu te the on ly
side o f the head race, which is 200 feet wide and leads to the pow er
m ortgage indebtedness o f the com p a n y .
house. The water in this head race w ill stand thirteen feet deep.
The p ow er house is 100 feet wide by 207 feet long, and w ill a ccom
Subsidy Bonds— P aym en ts to C olom bian G ov ern m en t. — As
m odate fo rty turbine wheels o f 250-horse pow er each, making a total to the subsidy bonds the rep ort savs :
o f 10,000-horse power. These turbines will be operated under a bead
The com pany has outstanding S I,846.no > subsidy sinking fund
o f water varying from 18 to 20 feet, according to the stage o f water
in the river, and will be o f horizontal type, arranged In ten sets, four bonds, finally maturing Nov. 1, 1910. These bonds are not secured by
j
a
m ortgage and were m e 'e lv issued at the request o f the Colombian
turbines being on the same horizontal shaft, which, prolonged, will
carry at its end a dynam o o f 1,000-horse power. There will be 10 of Government, to capitalize for the Governm ent the annual subsidy of
$225,000
provided for by the concessions. The interest paym ent is
these dynam os, and these being arranged on the same shaft with the
t urbines will do away with the necessity for bolts, counter shafts, made by the com oany out o f the $225,000 due the Governm ent, and
bonds
are
then
drawn annually for the difference up to the $225,000.
gearing, etc., etc.
The contract for the plant was let to the General Electric Company, I In this way the issue (originally $3.0 >0,00di w ill be retired before
I
maturity,
when
the paym eut of the annual subsidy direct to the
and that concern is now busily em ployed in m anufacturing immense
dynam os and the vast amour o f intricate electrical apparatus required. Governm ent will be again renewed. The fixed charges o f the com pany
are
only
the
fixed
annual concessionary charge, $250,000, and interest
The amount o f the contract was in the neighborhood o f $300,000. It
is expected that the dam will be com pleted and the pow er plant on the present issue of bonds.
installed by the middle o f the com ing summer. It will be the finest
Im p rovem en ts,— T o abolish the system o f ligh terage service
water-power electrical pow er in the world with the possible exception
in the Bay o f P an am a the co m p a n y has con tra cted fo r the
o f that at Niagara, which o f course when fully com pleted will be
larger than this.
con stru ction o f a g rea t pier, h aroor and oth er im p rov em en ts,
p erm ittin g the loa d in g o f cargoes d ire ctly fro m vessel to cars.
These im p rovem en ts are n o w u nder w ay and w ill cost about
$1,000,000. The large savings in expenses o f operation and
1894
1895.
$
$
the sh orten in g o f the v oy a g e at least seven d a ys g iv e assur
1,964,772 1,981,706 an ce th at the annual cash results w ill be fa r in excess o f the
24.031
21,973
annual interest ch a rg e represented thereby. A d d ition s to th e
1,988,803 2,0o3,678 fleet o f steam ers, the establishm ent o f grain elevators and
56.934
61,162 w arehouses on the Isthm us; an d oth er equ ally im portan t
10 <.350 im provem en ts, are also contem pla ted in the early future.
81,81 6
58,069
66,607 These latter a d d ition s an d im p rovem en ts w ill in volve an
378,2 56
369,598 expen ditu re d u rin g th e n e x t fe w years o f ab out §700,000.
8,359
14,300
C oncessions.— The President’ s rem arks close w ith a statem ent
87,13 L
90,639
154,104
161,375 rega rding the position o f the c o m p a n y , its concession s, etc.
21,722
23,000
S ta tistics.— T he ea roin g s an d in com e a cco u n t h ave been :
f interest are shown in the
S ta tistics.— V e ri-u s stai ist
fo llo w in g tables:
1896.
$
R e ceip t* —
Passengers_____________________ _________
2,037.935
Other sources..........................................
21,283
21,283
Total receipts.......................................2,2,059,218
E xp en ses—
General expenses............ ......................
M aintenance o f e q u ip m e n t.................
Maintenance o f w ay and stru ctu re ...
Conductors’ and motoruien’s wages..
Inspectors’ and transfer agents’ wages
Conducting transportation m is c e l....
Cost o f maintaining power station___
Machine shop expen se...........................
54,053
97,724
62,738
386.464
9,019
84,902
156,764
24,122
Total general operatin g......................
Insurance
...........................................
Injuries and dam ages.............................
Legal expenses .......................................
Contingent expen ses..............................
875,747
875,747
lH.520
i ,520
65,587
65,587
19,276
19,276
22,98
22,983J
846,992
13,638
80,891
14,925
23,lo9
Total operating.................................... 995,159
995,159
Net earnings.............................................. 1.064,059
1,064,059
Deduct —
Interest on bonds and 6% certs............ 618,131
618,131
Interest on floating debt.......................
8,226
8,226
T ax es..........................................................
58,170
Dividend on preferred stock 7 p. c ...
79,534
979,43 *
1,009,319
649,753
52,015
49,071
764,061
299.998
299.998
51*15
750,839
258,479
51-72
T otal........................................................
Surplus.......................................................
Per ct. o f expenses and tax to earns..
t w in
crrr
r a p id t r a n s it
com
R eso u rces—
Roadway, A c ..............
EARNINGS,
890,031
R a ilr o a d e a r n in g s —
16.685
106,814
17,038
13.980 Mails.
1,044,547
959,131 Temporary Pacific Line.
660,300
25,722
52,939
.. $29,621,089
i*Amr— g e n e r a l b a l a n c e s h e e t .
L ia b ilitie s —
Total
Operating e x p e n s e —
738,961
220,170
54-77 Maintenance ot equipm ent
*14,117,938 Common sto ck ............ $15,010,000
Securities in treasury 15,000,000 Preferred stock ..........
1,137,200
Notes and accounts
Bonds and 6% ce rt... 11,323,000
receivable.
____
82,851 Unpaid vouchers, Ac.
42,082
Cash..............................
2 .3 ,4 1 0 Pay rolls accrued and
Insur. paid in advance
4,835
not due......................
26,174
Material and supplies
98,247 Trainm en’s deposits..
20,875
fnt. on current liabili
T ax account n ot due.
50,221
ties paid in advance
7,500 lo t. on bonds acorued.
206,120
T. C. R. T. Co. stock
Bills payable................
425,469
acc. to be adjusted..
1,379,942
86,306 Inoome account—sur.
Total___
EXPENSES AND CHAROES.
$29,621,089
* Includes: Minneapolis Street Railway Co. stock, $5,000,000;
St. Paul City Railway stock, | *5,000,ooO; Minneapolis Lyndale &
Minnetonka Ry. Co. stock, $ 3 8 5 ,0 0 0 -$ 1 0 ,3 8 5 ,0 0 0 ; ivalued at
$ 1 5 ,0 0 0 ,0 0 0 .-V. 62, p. 871.
"
“
. 1,065,139
41,695
1896.
1895.
$72,437
1,201,825
37,372
.$1,201,574
..
691,205
31,000
$1,311,634
440,753
292,849
..
347,362
$2,045,236
394,305
..$2,271,141
$2,440,041
.
.
..........
w ay and structures.
Total BR. operating expenses —
Panama RR. S3 Line operating expe
Paoiflo line operating e x p e n s e s .......
Lighterage
$40,498 •
228,335 >
53,965 £
59,600
$59,078
3 LI,839
53,888
. $332,398
.
469,170
27,496
$424,805
503,544
563,817
.. $879,064
..
116,863
102,579
137,331
$1,492,166
114,656
97,979
182,380
.$1,235,837
.$1,035,304
$1,887,181
$552,863
Fixed charges—
$25,000
107,820
117,180
239,619
$25,000
102,000
123,300
239,619
. $489,619
. $545,684
$489,919
$62,944
.
.
.
.
THE CHRONICLE.
706
ffiJSSf
.31* 1333#
L
1Odnerii.i
! 8tt0#f«4y 0 %
1
i Aecrm ut lft16TC&t
i Hthm ua d ra ft* ttopr d
OHrrxlur <}OQ|>dDs . . . . .
i AtiiiiirO Td9eli<v#___ ! r>w« ©cj».o#eiiBig a o m 's
mu a e flD ...
1 ,8 4 8 ,0 0 0 1!
6 2 1 ,f 7 4 j Hnl to p rofit
5 8 .0 1 5 j
2m
&i?tmst?t»
1ft,w .
JM cH c*
tL ........
:r .r .
’A ' *V „».
blit,
,I t ?
0& 4B
0f M 8
!
t
...» 8 15 ,3 42,972
* 7 .0 0 0 .0 0 0
1,0 0 0 ,0 0 0
1.840,1 00
1.0 3 1.06 8
161,715
ls i,O il
1 ,0 6 0
2 3.9 45
3 4 ,4 6 7
3 « ,‘ 5 2
5 8 7 ,4 6 5
T o ta l.................... . J115 ,34 2 .9 7 2
- V . *M. M 1 8 . "
general
inv estm ent
new s
.
f V o u L X 1V .
and tUeroupon the sam e abail b« and been run fnrt.hwPU duo aud p ay iibln. anytUtng to tlto oontrary boreln oout-atnaA uotwltlrataudins.
Tniol U»ur. This bond t« one <tf it- series <>r bonds to lie known as
"B u ijM o Rooliester St Plttabnrg Railway On. ilfly-year dolienturo
bonds” , issued and to be Is.siiwl to au aggregate a.uount not exooedtng
-■si.OOO.il-0, each bund ro be o f the do om in :itb m of l.OUO, and the
bonds to be rittnibered e o n s 'citllvcly from 1 to 3.000 tntilualve.
! To be secured ht/nny Mtnnki t Mortgage.—And the said railw ay com
pany agrees wlilt the owner and holder of this bond, and also with the
owi erx and holders o f each and all other bonds o f this aeries, that a n y
mortgage hereafter executed by It, except to secure bonds Issued e x
clusively for retiring any m ortgage debt uosv existing as a lien upon
! any port loti o f ha property, and except to secure bon ds issued e x ' oluslvely for the extension of such property, shall be fo r the aaonrlty
1 o f the owner or holder o f this bond ana ail oilier outstanding bonds o f
this series equally with the holders o f any other bon ds secu red by
such new m ortgage.
Subject to Dull ut 105 —The said railway Company reserves the right
to retire this bond oil any llrst day of January or duty before m aturity
o f the principal, by caving to the holder t li-ovof the prlnotoat and live
per centum In addition thereto and the iuioresi then aeorned and un
paid hereon—notice o f the intention to do *o having been tlrst, g iven
by publication in a new spaper puli i-bed and having a general circu
lation lu the City o f S ew York once a week fo r tw elve weeks.— V. 61,
p. 329.
Reorganizations, Kte. —Ltstfe-vf Lkita as to Default#, Reoi'rhui*. Pa ament o f Overdue Coupons, S/c.— All
'if t b - nu.nrt' :tpi >-ariu« since the publication of the last
Pape Fear & Yadkin V a lley RK.—The Foreclosure Decree.
Lsain-uf tin I nvcstohs’ and S treet R a il w a y S upplements —The opinion rendered by Judge Siinoaton, of the United
rouv , Is i.-SiiY found C.y means of the follow ing index. Hus States Circuit Court at Charleston, S. O., March 31, in the
index A
does w f include matter in to-dav’s CHRONICLE.
foreclosure suit case, has now been received. It is of interest
index
R a il r o a d a n d M ib c e l . Go ’ s. ( C o n ) as ending a memorable struggle between the New Y ork C om
R,4U.K0 AI>8 A S H MlSCEL. C o. 6.
Volum
e
64
—
Page*
Page
t 6*—
V u iu
mittee, in i‘s i fforls to have the road sold in divisions, and
rr. m t Norfolk A Western.new ffcuritUs. 874
■A ISlMSMu
tearSeM A H o .. . . . . . .4 M . 46S Osderu»b.db 1*. Ujw f 0 *«t.374; fored. 567 the Baltimore Committee, w hich has sought to have it sold
Ohio
St>ut3Tu.arpioif5.331:
recv.ctfs.
874
»m.
5lfi
....<ir#. 003 Ohio V alley............ .....com mittee. 288 as a whole. The North Carolina Legislature, w hich a d
At*
dol. A P.’H*, . .. >
A te
j , its A W H . Pcilnt.. no rffri. 510 Or04200 UR. A S&Y..snk o f emitr l . 2,-8 journed early in March last, passed an act which it is sup
510 Orc«. Short Line A 0 . N. .coup.lSL,
*8C
IHe
At.US,.tic■A i
288; m ie
331;
confirmed. 874 posed was intended to prevent the sale of the road in d i
#m u i D'(ti. IHr, 603
i«
It is to this act to which Judge Simonton refers.
....reorg. m® Peor.fi Dee. A Ev - - ./orcd.470, 518, 064 visions.
A t Un 1, ■She»rt 1[AmQ,,,,
Do
do
— coup. 288 Having said that under ordinary conditions a sale first by$63
___
sale.
Ck
At
TiK
Peoria W ater Co...............
coup. 370
>nuem T ».coup .
B k < Pinid. 1
0AS
Phil. Read, a Non fin?.. rmry.lhlt 285 divisions and subsequently as a w h ’ le is the best mode of
. .coup*.
1
Quincy 0m & K. G, ,m le,l8 l: reorg. 170
Bo*tan Mi Bing Co. •St, Clitir Ma&tSon & $t.h.B&H.rf cvr, 181 o f ascertaining the value V f a property subject to several
C«£»«* Vb a,r A: f a Ak, V mj. ...'■m d.lm fi tm St.
Joseph & Od.lsl.dfc. -ml. old Ms. 570 mortgages, the Judge concludes his opinion --.s follow s :
im
5W, 523.
■Cenil
St. Leute Salem A A r k ...........S'M.
: Slmrpsvtlle E R .............
recto*.
Short Route Ry. Transfer., .fared.
South CfiroUna Midland...... .recto4.
567
285
831
287
. . . - teevr,
Z o m .T m u m ’a ft. w . . . . . . aair,
sow h Msett.S0.rf/t1r dirnj.i70.
ImIi V alfcf
,rmd Jilt*mer,t.
Mmi .rcdrg..*234.; m if ,
lilt. i*
Col. A Maryland Ry. (B<o.Lmrfl.
Lob-« - I M a a f l . • ** » cofdmh
corn. .604; ' Da0;ts C11 v Street.............. reevr.
U««.bit. Vwmmt... & B i.h . ....
lwt> H* A. A €ti.ri*w» ZM. mM . 5 V7 I Englewood A Chic. 'El.. .reevt. ctfs.
»
tmUd. dm. W 7; new c<». tm Fourth St. k A rsenal'(St.L„.tcct?r.
rcorc.
t m e , w m I People’s R ailw ay.... .5 do
hi* A Chariest*
ssn National. M t. oft A bar. ds 517 Utinnihal (Mo.)8t. H?.reported sold.
Jndifump-A Bnmd liip.ref vr.askcd.
.
e 1 turn, A Ala-' .
Met.
W
est
Side
El.
(Chic.)—
reorg
ft A Btrm--- J » t. on in mm ft. 518
South Jersey Traction............ sold.
m
& Red EH er & Toxm
. . . . . . . . . sold, 424 Taeuina Ity, A M otor.— . . . . . . so?(L
610
56?
42k
61#
01y
010
664
611
5«?
165
c«*at. Vi
>ist- tot-eel. 3pt-i
r Hr.»mci A Col. ....plan.
Cha u Ml
iie.
k Soutl*wm v .
Ots
..... . A Ctaf.tr........ .
-'.JOT*
»:»«* «» A S o..
Cfo»J & I. r»«¥olop. Jortci*
ilumtMM A Cl*. MiU. •-. com.380.
A Hoekinsr C. A I..r«t*r.
»l. Hock. V. A T oled o... . . . . m r r .
Do
Du
default M fy fared,
- ........
. * .. . ...Coupon*.
D- a* -Do
discharged.
an. A
' JOn
comm (tin't 4f7; coup*.
.
r A W ondburn......
i m r o it lATikim k S o... .. .. reorg.
Dmltii h Qm & Vt .r « o t. Mm harmed.
i\
.
.
.
. . .tale.
Lui<l O
BA*t *;
n Klee. Ilium, o f S t. L..ream.
, 01' : oii*j r.
tv ilk* A ttieh
tir'U A Rio Cirandt , default.
...3 Jeff®
1 Porte A 0oi»».v fo ci. it.
; « 6l*r,
». Anderson A VV..
i.freer*
■
■
rMionlJ© A BreVfir
Hy.T.
516
516
603
}J*
01®
5«7
33?
610
But. the l-eoent hostile legislation in North Carolina tends to defeat
tins course. The Legislature of that- State at Its L s t session passed
an act evidently aimed at a sale o f tMs railro d property. I t
■■ >
t*;?.
m av be that this effort would p rov e fruitless, either because tbe aot
i Terre Haute A Lofaaiisnort.. . coup. 874 Itself would have no constitutional force if applied to the bonds in this
Toledo St. L .& K. C ............. su it 331
Tran* Mo. F ’ght A sso,decision.612, 66-5 suit, or because from inadvertence, or som e other cause, the wrong
Union Pacific... .. JormLWb ; coup. 432 section o f the code w»* amended. Be this as it may, it is clear that
Do
. -K . P. C01U0l$.2S% 3:>1. 424 were <his property put up f r sale by divisions, every bidder w ould be
*310
Do
do
do
plan. 421 lieve that if his bid w ere accepted, he w ould u« called upon to litigate
tm
Do
sinking fond Bs.ptan. 331
*2:1:5
Do
colt. tr. gold 6*.507, Or5 his riche to secure a fri nchise as a com m on currier for miy corp ora
ms
Wheeling
&
Lake
E..
.reevrs.:
com. 182 tion formed to operate the pari, o f the property purchased. This
46*+ Do
do rxt. &lo p.bond*. 236 would inevitably chill the sale. The risk anil ex tense of the litigation
40»
Do
do .. . stackerm.288, 374 would becom e oh elem ent in the bid. The result would bv no means
Do
do
...default. 665 show ibo actual market vanie o f the property out up. These consider
510 Wilmington Nowb’n. A Nor#,reevr. 568 ations must have great weight with the Court, w hose s do o bject must,
«4$3
b e to secure for the parties lu this cause the best result fo r the propSt r e e t R a i l w a y s .
287
Volum e 6 1 —
Page. ertv in which they have an interest.
516
A fter much anxiety and w ith great reluctance the Court feels itself
CIO Austin *Texas) R. T ........... ..reevr. 422
287 Belle City St. 1 Eaeine,Wis.) reorg. 610 cm. flt* d to it sale of tile property as a whole, n ot including the roiling
610 Brigantine Transit.— ........,.»ohL 373 stock, which is hovered hr its own rule.J
Brooklyn. El........ n e w .; reorg. plan. 609
The proceeds o f c tie. nf or deducting all charges superior to the Hen
Do
. . . . . . . . . . . . . . ..coupons. 663
15M10ft | Burlington Oa 1 E le c tr ic ...... tale. 46s o f the luurfg ige. will be divided as follow s:
To
the 1 onds upon Division A . 55 per c e n t ; upon Division B , 19 per
;
Butte
Consol.
St.
Ey.
...
fored.
063
610
5t7 Capital Ry. (Frankfort Ky.h. .sate. 422 ce n t; upon Division O. 19 -1-10 per c e r t To Die [consol-m ortgage]
507 i CltUens"H rachSaw Dlearo.Cal.)mer,422 bonds having the first lien on the branches, 6 <> 10 per cent..
M7
Am erican Hell ' eie]»l»one —Shares at S~U.—The Massa-
cbiisut!. *'unnniisslOD of Corporations has ordered that the
2:t,#.yj new shares snail be t ffered to the present stockholders
at i.".! j er aU.i) share. AH shares not taken by the stockholders are to be put up at public auction.—V . 64, p. 882.
A rbn tkleV Si-tr-r B eflnery —Permission to Build.—The
Budding Com in i- - inner baa grant* «l permits for erection of
tlit* new rr finery i uildines in Brooklyn. One is four stories,
another eight, and the third ten stories high. Their cost is
estimated at §600,0(0, See “ American Sugar” item, V .
01, p, 01)#.
Blue R idge A A! ia n tlc R R .—Foreclosure Sale—On appliratmn « f the Central Tiust Co , the mortgage trustee, the
F*-d< rid O.-urt at Atlanta. Oa., March 23, ordered the foreci. .ute of this road under the §200,000 mortgage of 18S8. The
ami untdue for principal and interest is $327,000. The road
expr.dw from Cornelia to Tallulah Fall«, Oa., 31 miles; it
has I n in the hands of W . V,
ursine as receiver.
B rooklyn K levatid H R .—Penalty on Deposits May l .—
The It--otganiz tli n Committee of the Brooklyn Elevated
Rail rend C m., Frederic P. Olcott, Chairman, gives notice that
O i tin e fr.r the Of poult of the first and second mortgage
In s 4» at n .;.,"k of the Brooklyn Elevated first mortgage
hoi dt* foTi'S ••<nd it corns mortgage bonds o f the Union Elevnt"i sod fir-t mortgage bonds o f the Seaside & Brooklyn
in tgr< jmerjf, is limit: ( t o
and u eluding .M-.v 1st, i f ? , af(<*r which date deposits will
bn sir )■'■:: u -•< p n.tliy. -P-e notice in another colum n.—V .
64. p. «S3.
itttffalo It'ifdp stt r & Pit l»burg Uy .—New Six Per Cent
fkttrntnre. Bun t#.—Tim new 6 ja r pent debentures of this
oompsnv arc dated J.,n. 1 ,1H97, and arc due Jan, 1 ,1SI-17, both
principal and c inpon.-i b-ing payable in lawful money in New
Votk <iity. The prineitsl may !e registered, The Guaranty
Tru*i ‘ ■*. (V'Tlifies the nonda. The boitds also eay :
/.vr.i.J!
! r ,ci f i b « ' inei t of any *<in! fttttiuaHnatalraent
#f tftieTV.**. >« ithio i*lx riiniiiha Kfter ibe riuur^TiaUhatebt'COmepay*Me. »n<>i' su cm «h»n B*vp In eo ilemamlrd, tits itolderi! ol S mar *<> -u ' 'i i "! ltd* ***rle* ‘ t bnn>l. a, below n it»d .bull have Uio
rt|tft t*>deeliiirv the prltcipal of alt ibe liootla of tula nerlea to bo due,
The branches referred to as covered by the consolidated
mortgage are: Factory branch, 19 miles; Madison branch, 11
mile.-; Granite and Furnace branches, 8 miles.
The decree orders:
The said Master Commissioners sh all offer the entire property covered
by the m ortgages herein foreclosed and either of them for sale as a
single p arcel, and as an entirely (except the m l ing stock and the lease
hold intern t o f i he defendant rail way com pany iutheSuuthC ar.PacItlo
Rv Co., which rolling stock and leasehold Interest shall each be sold
senaiatrlvi. No bid fo r the property exclu sive o f such rolling stock
and leasehold interest shall tie accepted which does not equal the sum
Of $ 2 ,000 ,0 00 .
Unless the entire amount in default is paid by April 20
the foreclosure sale w ill be advertised for four weeks and the
property sold at the date fixed by the Master Commissioner.—
V. 64, p‘. ( 03.
Central RR. o f New J ersey.— Quarterly Dividend Re
duced to 1 per cent,—The directors on Monday reduced the
quarterly dividend from 1M to 1 per cent. The ootnpauv
paid 5 per cent in ail during the year 1898; iu 1895, 5J£ per
cent; from 1893 to 1894, 7 yearly; in 1891, 6]£; in 1890, 0; in
1889, 3. Dividends were resumed in August, 1889, hav
ing previously been suspended since 1884, the company be
ing in receivers' hands from January, 1887, to January, 1888..
—V. 61, p. 466.
Charleston (S. C.) City Ry,—Nelo Securities Authorized.—
The stockholders have authorized au issue of $850,000 o f cou
pon mortgage bonds and an increase o f the capital stock to
$850,000. Since the consolidation of the street car lines in
Chatleflton the operating com pany has been the City Railway
Company, whose charter will be amended to permit o f the
new securities being executed, The Prc-ident o f the com pany
is John G. McCullough and the Secretary and Treasurer
Frank F, W hilden.—V . 64, p. 373.
C haitauooga & Barham R R .— Chickamaiiga & B arham
RK. —The officers o f the Chattanooga & Durham RR ,, forron-iy the Chickamauga & Durham RR., are as follow s: J.
W , Bngli-h, President; P. J. Murphy, General Matiag<r; T, S
Lyon. Auditor. The road extends from Chickamauga to Dur
ham, N. C.—17 miles.
C incinnati Jackson & M ackinaw Ry,— C incinnati N orth
ern R R .—Successor Company. —Cincinnati Terminals.—The
Reorganization Committee of the Cincinnati Jackson &
M a c k in a w is making progress with its plans to give the
road i Cincinnati terminus. Some ten acres o f terminal
property have been acquired ia the city, which w ill be reached
through a tunnd 16,090 feet in length, the rights o f the old
A pril 10, la97,J
THE
UHRONICLE.
707
D eer Creek Tunnel C om p an y h a vin g been acqu ired. A b ou t
1,200 feet o f the tunnel has been thus fa r ex ca v a ted and the
entire w ork w ill be com p leted w ith in a year. The C incinnati
N orthern R R . Co. has been orga n ized to ca rry on the w ork ,
w h ich w ill in volve an ou tla y o f som e §1,750,000, and this c o m
p a n y w ill absorb the p ortion o f the C. J. &. M. exten d in g
fr o m F ran k lin . O h io, 42 m iles n orth o f C incin na ti, to J a ck son, M ich ., 205 miles. E n tran ce w ill be had in to C incinnati
o v er the lines o f the C leveland C in cin n a ti C n icago & St.
L ou is.
The oth er p ortion o f the C. J. & M ., A llega n to
D un dee, M ich ., 133 m iles, w ill be operated as a separate p r o p
e r ly .—V . 64, p. 82.
Colonial T r u s t Co.—Stock Increased.—This n ew com p a n y ,
w h ich w ill o ccu p y offices in the St. Paul B u ild in g in this city ,
has filed a certificate o f increase o f capital stock fr o m $500,000 to $1,000,000.—Y o l. 63, p. 968.
to compel payment. The motion recites that all excuses for
delay were recently removed by decrees entered in the United
States Circuit Court at New Orleans, and that further failure
to comply with the terms of pu-chase will work a hardship
on the creditors of the Waco & Northwestern, among whom
are tbe owners of the Texas Central RR. The motion will be
heard June 7.
The W aco & Nor hwestern division 7 per cent bonds o t
1873 are still outstanding to the amount of $1,024,000 (former
ly $1,149,000), but are in v?rv few hands. There is to the
credit of these bonds the $1,505,000 of purchase m m ey and
$560,000 cash representing accumulated earnings.
For the
year 1895 96 the gross earnings were $29 ),250; net $167,079,
a ;a ’Dst $163,071 in 1894 95; deductions $23,317.—Y , 63, p. 114;
V . e i, p. 663; V . 64, p. 514.
Deposited— Penalty after April 2 0 .—The com m ittee consisting
5, but there were no bidders and the sale was again postponed,
this time till May 3.—V . 61, p. 469.
Jacksonville Tampa & Key West RR .—Sale Postponed.—
Columbas & Cincinnati Midland RR .—Majority of Bonds This property was off ired for sale by the special master April
o f Charles S . H in ch m a n (C n a irm in ), G eorge Stevenson (S e c
retary), H arry F. W est, E Iw ard B. Sm ith an d Charles P a r
rott gives n otice that a m a jo rity o f the first m ortgage bonds
h a ve assented to the a greem en t o f Jan. 21, 1897, w it h t h i
G uarantee Trust & S t fe D eposit Co. o f Pailadelphia. N otice is
given that u ntil A p ril 20, 1897, all bonds deposited w ith the
said trust co m p a n y w ill be receiv ed w ith ou t ch a rg e; after
th a t date a charge o f 3 per cen t w ill be m ade. —V . 64, p. 330.
D e tr o it M a ck in a c St Marquette Land G ra n t — Coupon
Payment.— The co m p a n y has declared a divid en d o f 1 per
ce n t on the land gra n t bonds, being the interest fo r six m onths
e n d e d M arch 31 and payable at the C entral Trust C om pan y
A p ril 15.—Y . 63, p . 651.
Diamond M atch Comp m y .— English Dial — The C h icago
“ E con om ist” o n A p r il 3 said :
The contract with Coates. Son & Co. was laid before t il' board of
directors o f the Match Company T inrsday afte -noon, f illy exaini ned
and ratified by the board. The English com pany which is to take over
the Liverpool plant is n o w in nr icess o f organization. It is aaidhsre
that Us directory will contain some names that carry great prestige in
England. Beyond the fact that the Englishmen pay lu <200,000 f i r
working capital and the Match com pany gets 6 per cent preferred
stock for the cost o f its Liverpool plant and 5 1 per cent o f the o imrnon
stock, the details o f the oontraot are kept secret. Che deal wph Co ites,
8on <k Co., however, does not Include the plans for introducing the
match m achines in Austria, France, Italy or Brazil, deals for those
countries having been faradvanoed before the Englishmen came in.—
V. 04, p. 663.
East Penn Traction C o .— New Securities.— The stock h old
ers w ill vote May 17 on a proposition to increase the c ipital
stock from $350,000 to $1,000,000, and to issue first m ortgage
bonds f, r $1,000,000. The righ t o f w ay an d franchises, it is
slated , h ave been p ra ctica lly secured betw een Trenton, Y ard ley, N ew tow n and D oylesto wn, and the con stru ction w ill begin
at an early day.
Directors and Officers.— The fo llo w in g d ire cto is have been
e le c te d : Senator W . H . A n d rew s, o f T itusville; ex-Ssnaator C. S . V a n d -g rift, o f B u cks C ou n ty ; Senator Israel W .
D u r h im , S. R N ich ols, o f C ra w for 1 C ou n ty; L ew is A. Conw ell. Charles E H d lo w e ll an d Dr. J. S. W ilson , Ju rrettow n;
W . R. A n d rew s, o f M eadville; T. H ow a rd A tk in son , A . S.
C a d w ala d er, W a lter B ram an d J oh n Fish, o f Fallsington.
The President is A . S. C adw alader, o f Y a rd ley , Pa. The
c o m p a n y ’s o ffice is N o. 1345 A r ch Street, Philadelphia.
Pitch!)anr RR. —Purchase o f Wh irf Property — i'ne c o m
pany has purchased at Boston the “ C on stitu tion w h a rf” , said
to be assessed at $375,000. The n ew a cq u isition is e x p ‘cted
gre a tly to facilitate the h a n dlin g o f ocean fie ig h t.— V . 61,
p. 287.
Gettysburg Electric Ry.—Foreclosure — J u d g e Dallas in
the U n ited States C ircuit Court has ordered th e foreclosure
sale o f the p roperty under its $200,000 m ortgage o f 1893 to the
F idelity Insurance, Trust & Safe D eposit C o.— V . 61, p. 558.
J lint Traffic Association—Trans-Missouri Freight Asso
ciation.— Case S t for October— Rehearing.— The Supreme
Court of the U uited States on Monday granted the moti m t )
advance the case of the Joint Traffic Associati i d , but set it
for the second Monday of the October term.
Ex-Judge Ddlon, counsel for the Trans-Missouri Freight
Association, has notified the Clerk of the Supreme Court that
a petition for the rehearing of the case recently decided will
be presented to the Court within a few days.— V . 64, p. 665.
Lake Shore St Michigan Southern Ry.—Branches to be
Leased.—At the meeting May 5, 1897, the stockholders will
vote on a proposition to lease the following lines already
operated by the Lake Sh ire, being controlled by it through
o vnership of their entire capital stock:
Kalamazoo A- White Pigeon HR . K a la m iz io to White P.gaon, Mich.,
3 / miles; Northern Central Michigan RR.. lonesvil e to North Lans
ing, Mich., HI miles; Swan Creek RR., switching lioe at Tolsdo, in
cluded in sidings, 1 M miles.
Trustees Under New Mortgage,— Lines Coverid. —The United
States Trust Company has been selected as the trustee of the
new $50,000,000 m ir gage of this com piny, and associated
with it for an individual trustee, which is necessary under
the laws of some of t ie Slates, is M-. John T. Dye, of "Indian
apolis, Iod. Mr. D ,e is general counsel for the “ Big Four” line.
It is likely that the l-ases above mentioned will be brought
under the operation of the mortgage, which will cover prac
tically 860 miles of main line and branches—a considerable
portion being of course double tracked —and about 220 miles
of leased lines. There are some leased lines which are not of
importance enough to be taken into the mortgage and may
be needed f ir some other purpose.
New Bonds to be Tax Free.— B >th the principal and interest
of the ne w bonds are payable with out deduct! m for any tax or
taxes which the railway company may be required to pay,
or to retain therefrom, under any present or future law of the
United States, or of any State or county or municipilicy
therein. The deposits of 7 per cents for conversion have been
large.— Y . 64, p. 610.
McKeesport Dnquesne £ W ilm erd in g VLy.— D efault-R e
ceiver Applied f o r .—A t Pittsburg, Penn., April 6, a bill in
equity was filed in the County Court by George Sheppard
and other bondhold-rs asking for an accounting and the
appointment of a receiver. The plaintiff cl lims the defendant
has defaulted on its bonds a n i has misapplied its earnings.—
V . 62, p. 415.
Middle Tennessee & AUbatnu RR.—Foreclosure Sale.—
The foreclosure sale, it is stated, is set for M ty 5 .— Y, 64, p. 517.
Mobile St Ohio R R . —Cinfracts Let jo r Montgomery E x
tension.— Contracts were let at Birmingham, A 'a ., April 7, for
the construction of 110 miles of the extension from Columbus,
Highland Avenue St Belt RR. (B ir m in g h a m , A la).— R e Miss., to fuscaloosi. A 'a ., with branches. B ils h iv j also
ceiver Appointed.— A t B irm in gh am , A la ., A p iil 2, upon been received by the H mover Construction Company, which
m otion o f the C olum bian E q uipm en t C om pan y o f N sw Y irk, is letting tbe cmtracts, for other work between Tuscaloosa
J u d g e B iu c e , in the Federal Court, placed this property iu and Mintgomery. Tbe road is to be complete and in opera
the hands o f P h il. C am pbell, as receiver. The Equipm ent tion between Montgomery and Columbus, via Tuscaloosa, by
C om p a n y in 1895 proposed to buy the property fo r $310,000, Oct. 15.— Vol. 61, p. 517.
New fo rk Sagar Refining— Incorporated— This company
and paid $10,000 o f th ep u reli ise m on ey ; but the road reverted
to origin a l ow ners, as the balance o f the purchase m on ey was was incorporated at Albany, M ire i 31, with au.horized cap
n ot paid. The E q u ipm en t C om p an y claim s th at defen dan t ital stock of $600,000, to manufacture and refine sugar. The
failed to m ake g o o d title to all the properties con v eyed , and directors are Claus Doscher, A Frederick Hsnre, C. H. Tiebout, W . H. Logan and Frederick Brommer, all of brooklyn.
sets up a claim fo r $10,000 fo r alleged im provem ents.
North Carolina RR.— Southern f&y.—Injunction Case Post
Houston & Texas Central RR.— Waco Sc Northwestern
Ry — Texas Central RR.—Consolidation.— A bill was to be poned till June 8 —The injunction case of tbe Southern Rail
in trod u ced iu the Texas Legislature on M onday, A p ril 5, to way and theCentral TrustCo. against the North Carolina RR.
au th orize the H ou ston & T exas Central R ail vay Co. to pu r in the United States Court at Greensboro was on Tuesday
chase and con s didate w ith the W a co & N orth vestern from postponed uotil June 8 at Asheville, upon the request of tho
R « 8 to Brem ond, 50 m iles, and the T exas Central from Ross to new board of directors to be made parties defendant.
Gov. Russell, replying to the order of the Court, says:
A lb a n y , 176 m iles. The T exas Central R tilroad Co. has also
L hereby expressly decline to appear iu this Court as the Governor
given n otice that it w ill in trod u ce a bill g iv in g that e im f North Carolina or to do aav a ct whloh would seem to m ike the
p a n y authority to purchase all o r a part o f the W a c o & oState
a p a ity to this suit * * * This is the first, time corporate
N orthw estern
arrogance has arraigned a governor for ills com m unication to the
Status of Waco & Northwestern —Tne W a c o & N jrth west legislature aod to the people whose servant he is * - - [ Ueny the
o f this Court or any other ooir-t to control my conduct as
ern division o f the old H ouston & Texas C entral R a ilw ay was jurisdiction
Governor iu execution o f the laws o f tin State.
sold in foreclosure Sept. 3, 1895, uuder the old 7 per cent
Ju ige Sunonton said that the C ourt would tak s steps to
m ortgage o ' 1873 on that division , an d p ir c h a s e d by W ilbur
F- B oyle, for $1,595,000, a ctiu g , it is alleged , for Southern P a have its orders obeyed.—V . 64, p. 611.
c ific interests. T be sale was con firm ed , but the purchase
Panama RR.— New Mortgage.—The report of this company
m on ey has never b -en pai l. R ecen tly the G in era l A ttorney on a previous page gives full particulars regarding the fund
o f the Texas Central R R . (o f w h ich H en ry K . M c ll irg is ing of the company’s indebtedness into new $3,090,090 twenty .President) entered a]rao ion in the U n ited S ates C ircuit Court year 4j^ per cent gold bonds. Iu I892jthe company author-
THE CHRONICLE.
im
ixed the i*»it* of a block o f the alerting bond-* with an en
dorsement, giving the holder the privilege or extending his
txrndu for ten y. sis from Ovi, 1. 181*7, hi 5 per cent interest,
them- N.in.H, itW em #, ar*; still in the company V ireaaury; contwsiutaUv upon the payment of the remainder of the sterling
loan on Oct. I, 1897, the new -S! j# will at once become a first
Ueo.— Vol. St. page 518.
Keadtng Pomp any. —Statem ent to New Y o rk S tock E xc k o n tj'—B ala nce Sh , e t —B on d s L isted.—O n subsequent pages
of to- Uy’a C hronicle i# published the oompaoy’s elaborate
statement to the New York Stock Exchange, on the strength
of which have been listed this wesk the new general mort
g a g e bonds for $.‘3,500,000 (with authority to increase the
amount listed to 350,869.000 as from time" to time issued),
voting trustees’ certificates for 138,000,000 first preferred uoneiunuiative 4 per cent stock, $43,000,000 second preferred noncumuUttve 4 per cent ato -k and 09,900,000 common stock.
The reader will find this official report of much value for
reference, since in addition to the balance sheets of Dec, t,
1890, it embraces a detailed statement of the interest and
other fixed charges of the system, a description of the new
securities, a brief account of the various properties owned,
including a statement o f the Coal & Iron Company’s possessiofja, etc., etc.
Earning# o f System .— As already stated in the GHBONIi lh, the net earnings of the entire property (including
income from all source*) were §9,480,736 in year end
ing November 30, 1896. The fixed charges of entire property
on completion of reorganization will be about $8,672,072, leav
ing a surplus on the basis of last year’s operali ms of $803,084.
For the present year, pending completion of refunding, etc ,
the fixed charges will be, perhaps, §400,000 more than the
amount of fixed charges stated above.
The following table shows upon the first line the earnings
of the railway company applicable to the payment of fixed
charges and taxes; the - eond line gives a similar statement
of the business of the Coal & Iron Company, and the third
line shows the income of the Reading Company from outside
sources. The results of the business of 1896 are adjusted so
that the items will compare aa nearly as they can bs made to
compare with the same items of the business of 1897. The
Heading year begins, as heretofore, with the first of December.
The result of operstior* for the month of February, 1897,
and for the year tn date, compared with 1896 fa d ju sted to
ISlt7 ImsisJ, were as follows f - M o n t h o f F e b .—,
Meading System—
1*97.
$
Karnlmr* Railway C o......... ....6 2 9 ,0 6 1
Lo-» C u t A Iron Co............ ....1 3 3 ,1 1 9
Income ReadlngCo ................. 22,898
1896.
$
—
D ec, 1 to
1897.
4>
484.762 2,063.681
201.019
279,750
22,898
70,983
499,639
470,086
new fitfct mortgage bands and $1,500 new corn non stock for
$800 in cash. The consummation of the plan depend# on its
receiving the approval of a sufficient number of the bonds
deposited under the agreement of J a n e t, 1895.
R um ored A llia n ce with C h icago Poria
St. L ou is. —
Owing to the fact that Mr. Carmichael owns a controlling in
terest in the Chicago Peoria & St. Louis, it has been rumored
that the two roads will be merged ; but this appears to be
only among the possibilities.— V , 68, n, 1180,
San Antonio & G ulf R R .—San Antonio & H a lf Shore
Ry. —Successor C om pan y.— The San Antonio & Gulf R R .,
with authorized stock of $1,000,000, has filed its charter
with the Secretary of State at Austin, Tex., as successor of
the San Antonio & Gulf Shore Railway, foreclosed July 7,
1896. The line is 38 miles long, extending fr <rn Sao Antonio
to Sutherland Springs. The incorporators are ; Oscar Berg
strom, Thomas H . Franklin, John R. Shook, George Dullnig,
E. S. Carpenter, J. W . Graves, A . W , Hartung, George J.
Dullnig and H . O. Eogelke. The Texas Railr tad Commission
has approved the issue of $250,000 bonds.— V . OB, p. 1116.
San Diego Land & Town.— F oreclosu re D ecree.— The
United States Court at Boston has issued a decree for the fore
closure of the $750,000 mortgage on the property of this com
pany.—V . 62, p. 549.
Seaboard
& Roanoake
RR.— Southern Ry.— In ju n ctio n
Dissolved.— A t Norfolk, V a., April 2, Judge Hughes, of the
United States Court, rendered his decision in the case of the
Mercantile Trust Companv of Baltimore against the Sea
board & Roanoke Railroad Company, a petition to restrain the
latter from cutting rates. Judge Hughes decides in favor of
Seaboard & Roanoke RR. Co., and dismisses the injunction.
The Judge in his decision says:
“ As far as the Seaboard system Is eonoeraefl, the object o f the bill i s
to enjoin it from reduouur rate# on tha adm itted theory that through
it the iujaaotion will operate over the entire system to atlauta. tc
appears that the Raleigh & Gaston R tilroad is. with the Seaboard,
lessee o f ik e Georgia Carolina & Northern. Neither the Ratetsrh A
Gaston nor 'h e G torsla Carolina St Northern are parties, and vet t am
asked to enjoin rates o v er them on the m ere alleg ttloa that the Seahoard by vm t u e o f owning a in .jo r ity of the Rtlehth fc Gaston stock,
controls them
Here ow. er.#ht,> o f stock is In uo legal sense a con trol,
and it is elem entary law in the Federal ooii't* that the e Is no jariadiotion to enter a decree d irectly affecting the risih-s of absent parties.
In such ease the Court has oo alternative but to dismiss the bill.
“ It- is equally clear that, the trustee in the m ortgage a-ouring the
Seaboard at Roanoke h in d s is a nncessar. party, la ihr Federal
court# where any tw o bondh Wars ranged on iliffeieot sides might, de
fea t the Jurisdiction, the doctrine that the trustee represents them all
is too vital to be fritte ed aw iv, A od a mere allega'ion of derntod
F e b . 28.— ,
and refusal Is not sufficient, for any adjudication wo ild not M od him,
1896.
and the (let udauc might he vex ed with a sec md suit iu his utm e.
$
Besides, he is entitled to a d ay in Court to show why he refused, and
2,016,345 to take charge of the litigation at any subsequent stage if ha sees fit.”
261,129
“ I think, also, that the o rig a n 1 bill 1s tnuliixariou# as com bining dis
70,983 connected causes o f action against different defendants, a od that this
view is flagrantly aggravated by the additional intervention and
1,928,199 amendment,”
Earnings o f all hbmpaolos.518,8'*®
308,611 1,351,911
Proportion o f annual fixed
charge* and taxes o f all
companies (estim ated).........775,000 806,249 2,325,000 2,418,749
Deficit ................ ............... ...2 5 6 ,1 6 0
rvoL, lxiv,
592,549
The fixed charges and taxes in the foregoing statement are
given us then now stand . On compieiiou of the reorganiza
tion. the fixed charges and taxes will be reduced to §725,000
per month, or $2,175,000 for three months, The Reading Sys
tem always shows small earnings in the winter months. Tae
r--*ult this winter is better than it was a year ago. The
largest earnings are in the autumn.— V, 64, p. 611.
Rio Hran do Northern fly. — To S u rren d er C h a rter.—This
company, which owns 18 miles or more of road from Chispa,
Texas !7 i miles west of San Antonio on the Southern Pacific),
to the coal fields of San Carlos, in Presidio County, has ap
p!i< d to the Legislature of Texas for permission to surrender
its charter and go out of business. The cost o f the road is said
to have been §484,158, and the authorized capital stock $500,000(10 per cent paid in in 1895). The bond issue (6s of 1894
due 191 Si was $400*400, of which $360,000 were authorized to
lw registered with the Secretary of State, The road, it is
stated, does not pay to operate, the coal mines not having met
‘ xpectatioos. The director# are : 8 . A. Johnston, C .L Straub,
Jr., H, F. Johnson, Chispa, Texas; W . B. Brack, El Paso,
Texas . C. S. Manrhy, Marfa, Texas ; J. P, Qber and F. (Jivinner, Allegheny, Pa.
The decision concludes as follows :
“ Fpr these reasons I will enter a decree sustaining all the
demurrers and dismissing the bills and petitions. I must
confess an inclination to the opinion that on a proper bill,
with proper parties, a Court may put a stop to a ruiaous rate
war, but as this case eoes off on a question of jurisdiction, I
make no ruling on that point” .
The Southern Railway Company has appealed the case—V .
64, p. 524, 611.
South Side Elevated RR. (Chicago).— M ortgage f o r S l ,500,000 Talked o f .— Tne Chicago papers say that a plan is
under consideration for the making of a mortgage for S 1,530,000 to provide means for electrical equiptn tat and for exten
sions. In the reorganiza ion all the $10,501,000 of old bond#
were converted into stock. Cash to the amount of about
$300,000 was on hand when the road was turns I over to the
new company.— V . 64, p. 665.
Sum m it Branch R R .— R eo rg a n iza tion .Plan.— The com
rntttee, of which E, B. Morris is chairm tn, has at length seut
to the security holders copies of the reorganization plan
which was published in the CHRONtCLit of Dec. 12, 1896, hav
ing modified the same only in some slight particulars. The
total amount of the proposed new mortgage is now placed at
$1,400,000, instead of $1,200,000, and holders of the old bonds
will receive for the principU and interest of each §1,000 bond
$1,000 in the new loan, leaving $325,000 of the latter ta the
St. Lon Is Chicago & 8t. Paul KR.— Sold in F oreclosu re.— treasury. The stock will be treated as stated in the plan be
A t Springfield, 111., April 8, Special Master Colby sold the fore published, to which r-Terence should be m ide for much
St, Louis Chicago & St. Paul RR., known as the Bluff line, importaut information.— See V . 63, p. 1065.
under foreclosure of the first mortgage, to Mr. Thomas Car
Tennessee Central RR.— Sate P o s tp o n ed .—The foreclosure
michael for $650,000. The purchaser assumes receivers' cer
tificate* for ab-mt $ 100,000 and other indebtedness of the re- sale which was to have taken place at Cro-wille. Lean,, on
April 5, was postponed for thirty days. — V. 64, p. 424,
receiver for about $150,000.
ftearqaniznltim H a n — Under date of March 24 Messrs. H.
Texas Sabine Yalley & Northwestern Ry.— Sold in, F o r e
\ , Post and Wiiliam II. Male issued a circular to the bond
closu re.— This property, it is stated, was sold under fore
holder# reciting that «n agreement had been made wi;h Mr closure at Longview, March 2, for §8,000, to F T. R im bsrt,
Thomas Carmichael (the original plan having failed of sup'- D. D, Durham and G. T. Merrill of Longview, and theGrigsby
porh by which he would purchase the property at foreclosure Construction Company of Jefferson, Tex. The extension
«al« and turn it over to a new company, which shall issue :
from Carthage to Boren, Tex,. twomites, which was built
Fjr#l i n i r t 30 jm r ft percent gold bond*, total Issuo...*1,500.000
Thirty-yon-r 6 ?>«r deni nuti'tsumulfttiTo Income bonds . . . . . i 235 Goo under the charter of the Texas Sr Sabine Valley, was sold at
Comunm itoek........ ............... ........................................ .......... . 1,800,000 Carthage to the same parties for §2,000.— V. 63, p. 155,
Trow
Directory
P rinting be B ookbinding,— P la n
’>Thf new first mortgage bonds for$l,000,000 will be issued to
TJ > urge the receiver#’ certificates and for other purposes. Adopted.—The stockholders at a meeting on Wednesday voted
rboiuw will be Riven in exchange, dollar for to adopt the plan mentioned in tin C hronicle of March 27,
Id first mortgage bonds. The holders of the p. 612, for reducing the capital stock from $1,500,000 to $850,the exchange, will have the privilege of pur- 000.— V. 64, p. 612.
°f ’
new company at the rate of $1,000
0 T F o r o t h e r In v estm en t Item s see p ave 7 1 3 .
April 10, 1897.]
THE
CHRONICLE
gUpcrrts and ijacitmeuts.
READING COM
PANY.
A P P L I C A T I O N TO L IS T S E C U R IT IE S O N
Y O R K STO C K E X C H A N G E .
THE
NEW
P h i l a d e l p h i a , M arch 24, 1897.
T he railroad s, p ro p e rty a n d co rp ora te fra n ch ises o f th e
P h ila d e lp h ia & R e a d in g R a ilroa d C om p a n y, a n d th e c o a l
la n ds a n d p ro p e rty o f th e P h ila d elp h ia & R e a d in g C o a l &
Iro n C om p a n y, in clu d e d u n d er th e g e n e ra l m o r tg a g e m a d e
b y said t w o co m p a n ie s u n der da te o f J a n u a ry 3, 1888. w ere
sold b y th e tru stees o f th a t m o rtg a g e b y v irtu e o f th eir
p ow ers a n d o f th e d e cree o f th e C ircu it C ou rt o f th e U n ite d
S ta tes, o n th e 23d d a y o f S ep tem b er, 1896, t o C harles H e n ry
C oster an d F ra n cis L y n d e S tetson .
On th e sam e d a y a ll th e o th e r assets a n d p ro p e rty o f th e
ra ilroa d c o m p a n y a n d th e c o a l an d iron c o m p a n y w ere sold
u n d er th e sam e d e cree b y th e R ece iv e rs t o th e sam e pu r
chasers.
These sales w e re d u ly co n firm e d b y th e C ou rt, a n d c o n
v e y a n ce s an d tra n sfers o f a ll th e p rop erty w ere d u ly m a de
an d d e liv e re d , v e stin g in th e p u rch a sers an a b solu te title ,
fre e a n d d is ch a rg e d o f a ll th e lien s an d ch a rg es, e x c e p t th e
p rio r m o rtg a g e s a n d ch a rg es a n d exp en ses p a rticu la rly m en
tio n e d in sa id d e cre e .
O R G A N 1Z tT IO N .
A la rg e p a rt o f th e p rop erty so p u rch a sed w a s c o n v e y e d
b y th e p u rch asers t o th e R ea d in g C om p a n y. A il o f th e r e
m a in d er (w ith a fe w u n im p orta n t e x ce p tio n s ) w as c o n v e y e d
to .th e P h ila d elp h ia & R ea d in g R a ilw a y C om p a n y, an d th e
P h ila d elp h ia & R e a d in g C oal & Iron C om p a n y, and th e
R e a d in g Iro n C om pan y.
B E A D IN G COMPANY.
T he E x ce lsio r E n terprise C om p an y w as in corp ora ted b y an
A c t o f A s se m b ly o f th e S tate o f P en n s y lv a n ia , ap p roved
M ay 24, 1871. O n J a n u a ry 18, 1873. in p u rsu a n ce o f p ow er
c o n fe r re d b y th e ch a rter, th e s tock h old ers ch a n g e d th e
n am e t o “ N a tion a l C o m p a n y ,'' an d on D e ce m b e r 7. 1896, in
lik e m a n n er, th e n a m e w a s c h a n g e d t o “ R e a d in g C o m p a n y ."
T h e v a lid ity o f th is ch a rte r an d its su fficie n cy fo r th e pur
poses o f th is re o rg a n iza tion w ere con s id ered b y th e fo llo w
in g co u n se l, v iz .: Messrs. G eorge F. B aer, J . D. C am pbell,
T h om as H a rt. J r., F ra n cis L y n d e S tetson , V ic t o r M ora w etz,
J o h n G . J oh n son , S a m u el D ick son , Ja m es B oy d , G eorge
L . R ives, F. W . W h itr id g e , H on . E d w a rd M. P axon an d
H o n . E d w a rd J. P h elp s, a n d a c o p y o f th eir jo in t op in ion is
su b m itte d h e rew ith . Said o p in io n co n clu d e s as fo llo w s :
In oar opinion the Rending Company can legally acquire receive
and hold, and can m ortgage and pledge, all t he stocks, securities and
properties, including the capital stocks o f the new T a i w a n com pany
and o f the Coal A Iron Company ; and it can keep and perform all th
covenants and conditions under which, severally andrespectively, these
two companies acquired their properties from the purchasers. By a
further Increase o f its cap ital.' the Beading Company can legally issue
the com m on and preferred stock, and the bonds required b y the plan
o f reorganization ; and to secure the paym ent o f these bonds, it can
lawfully pledge and m ortgage the stock, securities and properties by
It so acqnlred.”
T h e A tto r n e y -G e n e r a l o f th e S ta te o f P en n s y lv a n ia h a v
in g su b se q u e n tly q u estion ed th e v a lid ity o f th e ch a rter, and
h a v in g in stru cte d th e S ta te officia ls n o t to a c c e p t certa in
fra n ch ise -m o n e y s, th e fa c ts o f th e case w ere la id b e fo re h im ,
.and his o p in ion is also su b m itted . W h ile q u estion in g c e r
ta in p ow ers w h ich it is n ot in ten d ed t o use, he says:
A fter due consideration I reach the conclusion m ost reluctantly that
the Commonwealth o f Pennsylvania cannot now successfully attack
the chartered rights o f the Reading Company: at least the rights of such
a nature and character as had been exercised by the corporation prior
to January' 1,1 874 . It hail pow er to do the business In which it was
engaged prior to the adoption o f the new constitution.
*
*
*
*
*
*
*
*
My view o f the whole matter is that the charter o f the com pany
authorized it to do the kind o f business in which it engaged prior to
January 1 .1 8 7 4 . which business was o f the same general character as
that in which it proposes to engage for the purpose o f controlling the
stocks o f the railw ay com pany and the Coal & Iron Company.
T he c a p ita l s to ck o f th e R e a d in g C om p a n y con sists o f
2.800.000 shares o f $50 ea ch ($140,000,000), o f w h ich
560.000 shares ($28,OX),000) are first p re fe rre d , n o n -cu m u la tiv e 4 per ce n t.
840.000 shares ($42,000,000) are seco n d p referred , n o n -cu m u la tiv e 4 per c e n t
1.400.000 shares ($70,000,010) are co m m o n .
all o f w h ich (e x ce p t th e o rig in a l issue o f 1,000 shares fo r
cash ), as w ell as b o n d s as h e re in a fte r sta ted , h ave been is
sued fo r p ro p e rty a cq u ired .
The re cip ie n ts o f said s tock
h ave dep osited sam e (ex cep t 2,000 shares o f c o m m o n stock )
w ith Messrs. J. P ierp on t M organ an d F re d e ric P. O lco tt, o f
N ew Y o rk , an d H e n ry N. P au l, o f P h ila d elp h ia, as V o t in g
T rustees, u n der an a g reem en t w h ic h p rov id es th a t it shall
be h eld b y them u n til J a n u a ry 1, 1901, an d fo r su ch fu rth er
period (if an y) as shall elapse b efore th e first preferred s to ck
sh all h a ve r e ce iv e d 4 per c e n t per a n n u m ca sh d iv id e n d fo r
tw o c o n s e cu tiv e years, a lth o u g h th e V o t in g T rustees m a y,
in th e ir d is cre tio n , d eliv er th e s tock at a n y earlier date,
UntH deliver}/ n f stoeJc in m ade t y the V o tiv e T ruste s they
This increase has been duly made.
709
shall, issue certificates o f beneficial int^res* en titlin g the reg is
tered h olders to receive, a t the tim e th erein p rov id ed , stock
certificates f o r the num ber o f shares therein sta ted , and in the
meat w hile to receive p ig m e n ts equal to the divid end s collected
by the V oting Truste.es u p on the n um ber o f shares therein
stated, w hich shores, how ever, ivith the v o tin g p o w r thereon,
o r e vested in the V otin g T rustees u n til the stoclc shall becom e
dell' erable, as p rov id ed in such certificates o f the V otin g
Trustees.
T he s to ck ce rtifica te s p rov id e in su b sta n ce th a t n o a d d i
tio n a l m ortg a g e sh all be p u t u pon th e p ro p e rty a cq u ire d u n d e r
th e plan o f re o rg a n iza tio n , n or sh all th e a m o u n t o f th e first
p re fe rre d s to ck a u th orized u n d er said pla n b e in crea sed ,
e x ce p t w ith th e con sen t, in e a ch in sta n ce , o f th e h old ers o f
a m a jo r ity o f th e w h o le a m ou n t o f ea ch class o f p referre d
sto ck , g iv e n a t a m e e tin g o f th e s tock h old ers c a lle d fo r th a t
pu rpose, an d w ith th e co n s e n t o f th e h old ers o f a m a jo r ity
o f su ch p a rt o f th e c o m m o n s to ck as sh a ll b e rep resen ted a t
su ch m e e tin g , th e h old ers o f ea ch class o f s to ck v o tin g sep
a ra tely : also th a t th e a m o u n t o f th e seco n d p re fe rre d s to ck
shall n o t be in crea sed e x ce p t w ith lik e co n s e n t b y th e holders
o f a m a jo r ity th e r e o f, a n d a m a jo r ity o f su ch p a rt o f th e c o m
m on s to ck as sh all be represen ted a t th e m e e tin g ; e x c e p t th a t
at a n y tim e a ft e r d iv id e n d s a t th e ra te o f 4 per c e n t per a n
n u m shall h ave b een paid fo r t w o c o n s e cu tiv e years on th e
first p referred sto ck , th e c o m p a n y m a y c o n v e r t th e seco n d
p referred s to ck a t par, o n e -h a lf in to first p re fe rre d s to ck
an d on e -h a lf in to c o m m o n s to ck , a n d m a y in crea se said
classes o f s to ck b y th e n ecessa ry am ou n ts. D u rin g th e e x
is ten ce o f th e v o tin g tru st th e co n s e n t o f h old ers o f like
a m ou n ts o f th e resp ectiv e classes o f b e n e ficia l ce rtifica te s is
also n ecessa ry fo r a n y in crea se o f s to ck o th e r th a n fo r th e
purpose in d ica te d .
T he R e a d in g C om p a n y reserves th e r ig h t to red eem a t a n y
tim e e ith er or b o th classes o f its p referred s to ck a t pa r in
cash , i f a llo w e d b y la w .
T he R e a d in g C om p a n y o w n s an d has p led g ed fo r its m o r t
g a g e h e rein a fter m e n t io n e d :
A .—Railway equipm ent valued at.........$16,950,000 00
R eal estate o f railroad com pany
(this does not Include rights o f
way, depots, etc., or any real es
tate appurtenant to the rail
roads) valued a t.............................. 16,000,000 00
1,450,000 00
Colliers and barges valued a t.........
$34,400,000 00
T he d eta ils o f th e eq u ip m en t are as follow 's :
H um ber.
Value.
RR. iooomotives.
791
RR . oars...29,625
M a r in e
boats
118
C a n a l
b oa ts
50
$3,874,339 80
13,110,666 39
1,439,850 00
19,700 00
$18,444,556 19
(The old m ortg a g es o f th e P h ila d elp h ia & R e a d in g R a ilroad
C om p a n y a tta ch t o m ost o f th is p ro p e rty .)
B . —Stocks and b o n d s :
Stock of Philadelphia & Reading
Railway Company, at p a r ........... $20,000,000 00
Bond o f Philadelphia & Reading
Railw ay Company, at p ar............ 20,000,000 00
Stock of the Philadelphia & Read
ing Coal & Iron Co., at p a r..........
8,000,000 00
Stock o f the R eading Iron Com
pany, at p ar.......... ..........................
1 ,000,000 00
Other stocks and bonds (as per
schedules annexed) which con
trol abojitAlTiunUfia.of railroad,
at p a r .............................................. 38,488.246 00
C . —M ortgages and ground rents, at p a r ........................
D , —Phila. A- Reading Coal & Iron Co.:
Assets as shown by its hooks........ $95,435 453 79
Less bonds, etc.......$17,874,606 46
Less current liabili
ties.........................
1,406.168 34
Less stock o f P. & R.
C. A I. Co. in
cluded In “ stocks
and b on d s".......... 8,000,000 00
----------------------- 27,280,774 80
E.
F.
—
—
$87,448,246 00
*266,594 16
68,154,678 99
—Claims against other com panies (see schedule
3,343,382 87
annexed).......................................................................
—Other stocks and b on d s:
Schuylkill N avigation Company.'
$3,941,800 00
Preferred and com m on stock ..
Susquehanna Canal Co.*
3,848,160 94
Bonds and s to ck ..........................
$7,789,960 94
Valued at.
$1,000 00
Estimated worth (“ A ” being subject to undis
turbed bonds as stated further on ).................$193,613,902 02
It w ill b e o b s erv ed th a t a m o n g th e p rin cip a l assets o f th e
R ea d in g C om p a n y is its o w n ersh ip in th e se cu rities o f th e
P h ila d elp h ia & R e a d in g R a ilw a y C om p a n y an d th e P h ila
delp hia & R ea d in g C oal & Iron C om p a n y. B y m ea ns o f th e
fo rm e r th e p r a c tic a l ow n ersh ip o f th e R a ilw a y C om p a n y is
vested in th e R e a d in g C om pan y. T he m ortg a g e s ecu rin g
th e b on d o f the R a ilw a y C om p a n y p rovid es fo r a d d itio n a l
bon d s up to $10,000,000, w h ich , to g e th e r w ith lik e a m ou n ts
o f ca p ita l s to ck , m a y b e issu ed fro m tim e t o tim e to the
R ead in g C om pan y in ord er to en a b le th e la tte r t o dep osit
sam e u n d er its m o rtg a g e an d ob ta in th e issue o f a like
a m ou n t o f th e reserved b on d s th ereu n d er, w h en a n d as th e
R e a d in g C om p a n y a d v a n ce s m o n e y fo r n e w c o n s tr u c tio n ,
* These are not under the m ortgage o f the Reading Co. and Coal &
Iron Co.
THE
710
CHRONICLE.
[Vot.
luv.
E IID U N G I AND F IX E D OH AU GER.
etc., upon the lines of the Railway Company and of certain
of the companies leased or oontroued b y it. In this w av th e
S ta ted in d eta il, on c o m p le tio n o f reo rg a n iza tio n , th e re
lien of the Reading Company's mortgage on the property of the su lts o f th e th ree c o m p a n ie s w ill sh o w as fo llo w s :
Rail wav Company is constantly preserved and strengthened.
RE A D IN G COM PANY.
The Railway Company's mortgage is stringent in its pro E stim ate ok F ix e d C harges
o k R eading Co m p a n y :
visions and allows the issue of the $10,000,000 bonds only in
Railroad Com pany m ortgages on real
a manner and for purposes which ure consistent w ith the
$110,000 00
estate........................................ ................ $2,270,401 05
New b on d s...................................................50,309,054 00
2,014,762 00
provisions of the Reading Company mortgage.
P H IL A D E LP H IA A READING B A IL W A T COMPANY.
In pu rsuance o f th e A c ts o f A s sem b ly o f th e S tate of
P e n n sylva n ia o f M ay 81, 1887, th e b e fo re -m e n tio n e d p u r
chaser's o f th e railroad p rop erty org a n iz ed a n ew corp ora tion
u n d er th e n am e o f “ P h ila d elp h ia <£ R ea d in g R a ilw a y C om jauiy ; and co n v e y e d to it c e rta in ra ilroa d s an d prop erties
a cq u ired b v th em at th e fo re clo s u re sale, in con s id e ra tio n ,
a m o n g o th e r th in gs, o f th e issue o f th e en tire ca p ita l s tock
($30,000,000) an d o f $30,000,000 b on d s secu red b y m ortg a g e.
I t ow n * railroad (but no equipm ent) o t an aggregate
length o t ............................................. ....................................... 3 9 0 1 9 miles
Of which about t go m iles are double-tracked.
It has acquired teases o f ...........................................................597 00 miles
O f which about ' 80 m iles are double-trnoked.
It lea-os from " Reading Company " :
Equipment, 810.950,000 at 8 per cent (and taxes).
Csdller* and barges, *1,450.000 at 8 per cent (and taxes).
Delaware lUvcr wharves at $50,000 per aunurn.
T h ere are u n d istu rb ed b on d s o f th e P. & R. R R . Co. on
th e p rop erty o f th e R a ilw a y C o m p a n y as fo llo w s :
$2,124,762 00
200,000 00
T axes, etc., sa y .
E stim ate ok I ncome o r R eading Com i' an.v (based on 1896 results):
From Railw ay C om pany for rental o f
equipm ent, colliers, e to ........................ $1,472,000 00
From R ailw ay Com pany for rental of
Delaware w harves..................................
50,000 00
From Railway Co. iut, ($20.000,000)... 1.200.000 00
From se c u r itie s.........................................
781,023 00
From real estate (form erly o f RR. Co.)
125,000 00
$2,324,762 0 0
3,628,023
OO
Surplus................................................................................ $1,303,261 0 0
R A IL W A Y COMPANY.
Interest on undisturbed bonds, e t c .........................................$2,603,648 00
“
$20,000,000 bond held by R eading Com pany 1,200,000 00
Rentals (railroadH), sa y ........................................................... 3,100,000 00
“
(equipment, colliers and wharves) as above, say 1,522,000 00
Taxes ...........................................................................................
175,000 00
Sundries....................................................................
75,000 00
Total tixed charges o f R ailway Com pany, say.................. $8,675,648 00
Property now controlled by R ailw ay C om pany earned,
$28tf,357 00 net, In year ending N ovem ber 30, 1896............................ 8,805,807 00
1.235,150 00
374,500 00Surplus.......................................................................................... $130,159 0 0
COAL & IR O N COMPANY.
230,682 00Interest on
$12,050,000 nerv general m ortgage 4s to re
425,000 00
p lace outstanding divisional eoal land
4 1 ,439 00
bonds and m ortgages...................................... $482,000 00
Coal trust certificates, $4,050,000, at 6"o
243,000 00
Coal
trust com m ission............................................
50,000 00
$48,530,149 35 $2,593,188 00
------------------ 775,000 0 0
Tlie com pany is also liable for subway
Interest
on
collateral
sinking
fu
nd
loan,
$1,bonds o f the city o f Philadelphia (ul
774,000, at 5 % ................................................................................. 88,700 00
timately to be increased to $3,000,0U0, at '3*s per cent)..............................
$300,000 00
$10,400 00
T ota l.............................................
$863,700 00
Net earnings year ending N ovem ber 3 0 , 1S96.............................. 238,344 OO
TH E P H IL A D E L P H IA & READIN G COAL & IRON COMPANY.
$625,356 00
I lie d e cre e o f co n firm a tio n an d th e c o n v e y a n ce s a b ov e re Detleit.......................................................................................
I r in c ip a l.
I n ter es t.
Prior raoruraire loa n s................................ $5,241,700 0 0
CoiiMilidatetl morttfiure loans.......... ........ 18,811,000 OO
Unproveitteui w o r t loans ut 4 p. o ------- 9,304,000 00
Consolidated m ort. o f 1882, 1st teries,
at 4 per c e n t............................................... 5,767,042 00
Consolidated m ort. o f 1883, 2d series...
1,535 00
Terminal loan at 5 j»er c e n t ..................... 8,500,000 00
U •IldlttOl'tgftCO* on r e a l estate.
844,871 35
ferred to ex p ressly e x ce p te d an d released th e corp ora te EARNINGS OF A L L COM PANIES IN Y E A R ENDING NOVEM BER
30. 1896.
fra n ch ise s o f th e P h ila d elp h ia & R ea d in g C oal & Iron C om (A fter paying all fixed charges as
they w ill stand on com pletion o f plan.)
p a n y , so that these co rjiora te rig h ts an d pow ers h ave been
D e fic it.
S u r p lu s .
preserved to it : an d th e p u rch asers c o n v e y e d t o t k a t c o m - Railway C om pany.........................................
$130,159 00
jw n v th e prin cip al jia r t o f its fo rm e r p rop erty upon c o n d itio n Coal <fc Iron C om pany.................................. $625,356 00
................
1,303,261 0 0
an d in co n s id e ra tio n , a m o n g oth er th in gs, th a t the Coal & Reading C om pany.........................................
Surplus, all com panies (to ba lan ce)..........
808,064 00
Iron C om p an y should b e com e co -o b lig o r in th e b on d s to be
cre a te d and issued b y th e ‘ •Reading C om p a n y ” u nder th e
$1,433,420 00 $1,433,420 0 0
plan o f reorg a n iza tion , an d t o s ecu re su ch bon ds, sh ou ld
S t a t e d ill t h e s im p le r f o r m , w h ic h w a s a d o p t e d in t h e p la n
m ake an d e x e cu te a m o rtg a g e on all its properties and o f r e o r g a n iz a t io n , a n d e l i m i n a t i n g a ll a c c o u n t s b e t w e e n t h e
fran ch ises.
th ree c o m p a n ie s :
T he P h ila d elp h ia & R e a d in g C oa l & Iron C om pan y
Net earnings o f entire p rop erty (including incom e from all
A . —Owns:
sources) in year ending N ovem ber 3 0 .1 8 9 6 , w ere..............$9,480,736
Cool lan ds.............................................. 95.144 acres.
Valued on tbe lmoki ut............................................... $70,294,997 80
B . —L eases:
Coal lands.............................................. 7,429 acres.
— Al-u o w n s:
Timber lands........................................ $059,965 00
Eastern d e p o t s ...................................
710,724 34
Western depot*.....................................
057,709 35
Coo) on band, and other our. assets- 7,414,232 30
Stocks o f separate coal com panies,
The Preston Cool
A Imp. C o.........$2,834,150 00
The Fulton Coal
C o.......................
317,685 00
The L ocust Gap
Imp. C o............
525,220 00
D ie Tremont Cool
C o...................... 2,958,850 00
The
Mammoth
Vein C. A-1. Co.
601.270 00
The
Delaware
Coal C o.............
201,650 00
viz.:
Nearly all
of
th ese
stocks a r e
subject to the
consolidated
m ortgage o f
1871 1911.
All are cov
ered by new
m ortg a g e.
Sec Schedule
A.
F ixed charges o f entire property on com pletion o f reorgani
zation will he..................................
$8,672,672
F o r t h e p r e s e n t y e a r , p e n d in g c o m p le t io n o f r e f u n d i n g
s c h e m e s , e t c ., t h e y w i l l b e , p e r h a p s , § 3 JO,000 t o $400,000
m ore.
R eferring to the plan o f reorganization, dated D ecem ber 14,
1895, It w ill be noticed on page 10 thereof, that the fixed
charges after reorganization are stated at a b o u t ............... $9 ,3 0 0 ,0 0 0
Add for subway so far a ccru ed .....................................................
10,460
9,412,030 99
The plan further states that by refunding o f h ig lira te bonds,
etc., these charges w ill be reduced b y a b o u t.........................
$9,310,460
500,00 0
M aking.................................................................................................$8,810,460
t h e u lt im a t e fix e d c h a r g e u n d e r t h e p la n . U n d e r t h e p la n
a s a c t u a lly c a r r ie d o u t , t h e y w i l l n o t b e o v e r $8,672,672.
T h e a c c o u n t s o f a ll t h e c o m p a n ie s , a s r e o r g a n iz e d , h a v e
s t a r t e d fr o m N o v e m b e r 1 , 1896, e li m i n a t i n g a ll a c c o u n t s b e
t w e e n t h e t h r e e c o m p a n ie s ; t h e r e s u lt s s in c e t h e n a r e s u b
s t a n t ia lly t h e s a m e a s f o r t h e c o r r e s p o n d in g p e r io d o f la st
year.
M ORTGAGE.
7,501,825 00
EomD o f separate coal com pan ies:
U n d e r d a t e o f J a n u a r y 5, 1897, t h e R e a d in g C o m p a n y a n d
Preston Coal A
t h e P h ila d e lp h ia & R e a d in g C o a l & I r o n C o m p a n y e x e c u t e d
Imp. 7% mort.
a jo in t m o r t g a g e t o t h e C e n t r a l T r u s t C o m p a n y ' o f N e w
tMinds.............
$1,087,000
TTemont C l Co.
Y o r k , a s t r u s t e e , t o s e c u r e t h e ir j o i n t a n d s e v e r a l b o n d s ,
B*o mortgage
is s u e d a n d t o b e is s u e d u p t o a t o t a l o f $135,000,000, t o b e
bonds............
900,000
u sed as fo l l o w s :
Mammoth Vein
C l A Iron Co.
A .—T o p r o v id e for :
8*4 m ortgage
Bonds o f tlie Philadelphia & Reading
b o n d s ....:....
209.000
Railroad Company, now outstanding,
aggro g a tin g !............................................. $49,459,277
(These are collnti ral for sinking fund loan
Delaware R iver Term inal Bonds and
o f $1,774,000; also covered by new
D elaw are R iver Term inal Extonslou
mortgage, see Schedule A .i...................... 2,196.000 00
R onds........................................................
1,509,000
Ground rents and bon ds of the Phila
delphia A R eading R ailroad Com
$95,435,453 79
pany secured b y m ortgage on real
F or w hich
estate*.......................................................
1,612,063
Bonds
o f the Philadelphia & Reading
nenw*Bonetrn!
Coal & Iron Company, generally
m ortgage are
know n as Divisional Bonds................. 12,050,606
t o be substt-
- * . — *• •— ..MIC- o w
F
n s
siiiH iu g m in i
loan o f 1892 o f Railroad Co .......
.— It
ow es e o a l t r u s t c r t l f l r a t c #
($4,300,000- * 2 5 0 ,0 0 0 )..................
C u m at liabilities............... ................
1,774,0 000 0
4.050,000 OO
1,400,168 34
$19,280,7 7 4 8 0
I
$64,630,946
Or say............................. .. .
$64,631,000'
t Tills includes $1,774,000 Coll. S. F. Bonds o f R allrcad Co. assumed
by Coal & Iron Co.
* Of which $767,191 65 are on property owned by R eading Com pany.
8 4 4 .5 7 1 3 5
“
“
R ailw ay Com pany.
April 10, 1897.]
B ro u g h t fo r w a r d
THE
.....................................................................
(H RO N ICLE.
$ $ 4 ,6 3 1 ,0 0 0
B . —TO BE USED HEREAFTER :
(«) F or the acquisition o f additional shares o f
stock , i f issued by the Philadelphia & R eading Railway
•Company, and o f additional bonds o f said com pany to he
issued under its m ortgage dated N ovem ber 18, 1896,
such stock and bonds to b e pledged under the Reading
Com pany’s m ortgage.
(1 ) F or the construction o r acquisition, on and
after January 1 ,1 8 9 7 , o f railw ay lines, extensions ter
m in al properties or rolling stock, or for the construction
o r acquisition o f other p roperty on or after that date: or
fo r the construction o f betterm ents, on or after that date;
all suoh construction, or betterm ents, or property ac
quired, to he upon, along or appurtenant to the
properties * * * subject to the Ren o f this in
denture, * * * or upon, along or appurtenant
to lines o f railway o r term inal properties o f som eone or
m ore * * » com panies ' ' ' o f whose capital
stock m ore than one-half, at the time o f such use. shall
be pledged under said m ortgage ' '
or for the ac
quisition on or afier January 1, 1897, o f shares, bonds,
or other obligations o f any com pany ow ning any
such line, extension, term inal property, rolling stock or
other property.
Not over $1,500,000 bonds to be used in a n y o n e
calendar year..............................................................................
(c) To be issued now as part consideration for
property conveyed pursuant to plan o f reorganization ..
20,090,000
Application is hereby made for the listing of $62,419,000
bonds of the Reading Company and of the Philadelphia &
Reading Coal & Iron Company, being coupon bonds Nos. 1
to 62,419, inclusive, of $1,000 each, issued under their joint
mortgage of January 5, 1897, and of the registered bonds
into which same m ay be converted.
The bonds for which a quotation is now desired are those
issuable at once, as stated above— viz.: $50,369,000— and
those which are now being used for the retirement and
cancellation of the Coal & Iron Company bonds generally
known as divisional bonds - v iz.: $12,050,606.
O f the $50,369,000 bonds, about $45,000,000 represent the
old General Mortgage Bonds deposited under the plan, and
the remainder are sold for cash or used for other purposes of
the reorganization in accordance with tlie plan.
EXCHA'GE OF nECEBITIES.
The basis of exchange of the old securities for new securi
ties, pursuant to the before-mentioned plan of reorganiza
tion, is as follow s:
-------------------- receive -------------------- ,
50,369,000
O ld S e c u r i t i e s .
$135,000,000
711
N ew
F ir s t P r e f. S eco n d C o m m o n
G en eral
S to ck
P r e f.S lo c k S lo c k
M o r tg a g e
T ru st
T ru st C er- T ru st
B o n d s . C e rtifica tes , tiftca tes . C e r tifis ,
General m ortgage bonds (in addi
tion to all back interest in cash) 100%
First preference incom e bonds
(20 per cent assessment p aid )............
Second preference incom e bonds
(20 per cent assessment p aid )............
Third preference incom e bonds
(20 per cent assessment p a id )............
Stock (20 p. 0. assessment p a id )............
Deferred incom e bonds (4 per
cent assessment p a id )...........................
T he m o rtg a g e co n ta in s s trin g e n t p ro visio n s r e g u la tin g the
30%
100%
use o f th e n e w b on d s, o f th e sam e g e n e ra l ch a ra cte r as those
55%
......
65%
in th e S ou th ern R a ilw a y C om p a n y, E rie R a ilro a d C o m p a n y
an d N orth ern P a c ific R a ilw a y C o m p a n y m o rtg a g e s— w ith
85%
......
35%
su ch ch a n g es, o f co u rse , as are n e ce ssa ry fo r th e req u ire
100%
......
......
m e n ts o f th is p a rticu la r case.
20%
......
......
E x c e p tin g th e m o rtg a g e s an d g ro u n d ren ts, o f an a g g re ate valu e o f .$266,594 16, an d th e c a n a l secu rities, v a lu ed at
OFFICERS AND DIRECTORS.
1,000,
th e m o rtg a g e c o v e r s a ll th e p ro p e rty , in clu d in g The Directors of the Reading Company are as follows :
s to ck s a n d b o n d s (e x c e p tin g s u ch fe w shares o f s t o c k as Joseph S. Harris. A . J. Antelo, Thomas McKean, Chas. H.
q u a lify d ire cto rs , e t c .', o w n e d b y th e R e a d in g C om p a n y, as Coster, Francis Lynde Stetson, Geo. F. Baer, John Lowber
h e re in b e fo re d e s crib e d , an d a ll th e p ro p e rty o f th e Coal & W elsh. Albert Foster, George C. Thomas. Officers: Presi
I r o n C o m p a n y : also all p ro p e rty h e re a fte r a cq u ire d b y th e dent, Joseph S. Harris; Vice-President, W . R. Taylor; Treas
use o f th e $20,000,000 reserved bon ds.
urer, W . A . Church; Secretary, W . G. Brown.
F or a b e tte r u n d e rsta n d in g o f th e m a tte r it m a y be stated
The Directors of the Philadelphia & Reading Coal & Iron
in g e n e ra l term s th a t, e ith e r b y w a y o f d ir e c t m o rtg a g e or Company are as follows: C. Tower, Jr., Chas. H . Coster,
c o lla te ra l tru st, th e n e w m o rtg a g e has th e se c u rity o f su b Thomas McKean, John Lowber W elsh, George F. Baer,
s ta n tia lly a ll o f the p ro p e rty fo r m e rly o f th e P h ila d e lp h ia & George C. Thomas. Officers: President, Joseph S. Harris;
R e a d in g R a ilro a d C o m p a n y an d o f th e P h ila d elp h ia & Vice-President, W . R. Taylor; Treasurer. W . A . Church;
R e a d in g C oal & Iron C om p a n y, as a cq u ire d u n d e r th e c o u r t's Secretary. F. P. Kaercher; Assistant Secretaries, H. C. Rus
d e cre e a b o v e m e n tio n e d , s u b je c t t o $64,680,946 o f o u tsta n d sell and W . G. Brown; General Manager, C. E. Henderson;
in g b o n d s, w h ich co n s titu te p rior lien s o n parts th e re o f, an d General Coal Agent, Thos. M. Richards; General Superin
o f w h ich $12,050,608 are n o w b e in g pa id o ff, so th a t the p rior tendent, R. C. Luther.
lien s w ill sh o rtly be re d u ce d to a b o u t $52,500,000. In a d d i
The Directors of the Philadelphia & Reading Railway
tio n t o th u s r e d u c in g th e p rio r liens, th e n e w m o rtg a g e also Company are as follows: Chas. H . Coster, Francis Lynde
co v e rs a vast a m o u n t o f p ro p e rty o f large presen t ea rn in g Stetson, John Lowber W elsh, George F. Baer, George C.
c a p a city , w h ic h w as n o t in clu d e d in th e fo rm e r g e n e ra l Thomas, Thomas McKean. Officers; President, Joseph S.
m o rtg a g e , as fo r in sta n ce th e stock s an d b o n d s w h ich w ere Harris; First Vice-President, Theodore Voorliees; Second
u n d e r th e fo rm e r co lla te ra l tru st (n o w paid off), an d w h ich Vice-President. C. E. Henderson; Treasurer, W . A . Church;
y ie ld a presen t an n u a l in co m e o f fu lly $500,000. A ls o equ ip Secretary, W . R. Taylor.
m e n t c o s tin g a b o u t $10,000,000, m ost o f w h ich w as fo r m e rly
R E A D IN G C O M PAN Y,
u n d e r c a r trusts, e tc.
B v Jos. S. H a r r i s , President.
T he b o n d s issued a n d t o b e issued u n d e r sa id m o rtg a g e are THE P H IL A D E L P H IA & RE ADING C O AL & IRON CO.,
p a y a b le , p rin cip a l an d in terest, at th e o ffice o r a g e n c y o f th e
By Jos. S. H a r r i s , President.
R e a d in g C om p an y in the c it y o f N ew Y o r k , in g o ld 'c o in o f
N e w Y o r k , M arch 24, 1897.
th e U n ite d States o f th e p resen t stan d ard o f w e ig h t an d
Referring to the foregoing application of the Reading
fin eness, w ith o u t d e d u ctio n fo r a n y ta x o r ta xe s o f th e
U n ite d States o r a n y S ta te or m u n icip a lity th e r e o f w h ich Company and the Philadelphia & Reading Coal & Iron Com
th e co m p a n ie s, or e ith e r o f th e m , m a y be req u ired to pay o r pany, application is further made for the listing of voting
t o retain th e re fro m u n d e r a n y p resen t o r fu tu re la w . The trustees’ certificates, as therein described, representing :
f
p rin cip a l is du e J a n u a ry 1, 1997, an d th e in terest J u ly 1st
an d J a n u a ry 1st in e a ch yea r, a t 4 per c e n t p er an n u m . T he
b o n d s are in c o u p o n fo r m o f $1,000 e a ch , w ith righ t o f regis
tr a tio n o f p rin cip a l a n d w ith rig h t o f c o n v e rs io n in to re g is
te re d b o n d s o f $500, $1,000, $5,000a n d $10,000. S u ch re g is try
an d co n v e rs io n m a y be m a de a t th e o ffice o f Messrs. J. P.
M org a n & C o., in N e w Y o rk .
T h e m o rtg a g e p ro vid e s th a t
560.000 shares (par $50) first prof., non cum. 4 p.c. stook. / o f tlie
840.000 shares (p a r $50) 2<1 pref., non-cum. 4 p .c. stock .. ■ Reading
1,398,000 shares (par $50) com m on stock .......................... ) Company.
These certificates are issued and transferred in New York
by J. P. Morgan & Co., as agents for the V oting Trustees,
and are registered there by the Central Trust Company as
registrars of transfers. They are also issued and transferred
in Philadelphia by Drexel & Co., as such agents, and regis
tered there by the Pennsylvania Company for Insurance on
tile Reading Company shall not and will n ot in any year declare or Lives and Granting Annuities as suoh registrars. Certi
p a y dividends upon Its stock, either com m on or preferred * * ficates issued in either place may be discharged to the other
unless prior to, or sim ultaneously with, such declaration, it shall de
liv er to the trustee a statement in w riting under its corporate seal, at the office of the agents for tlie Voting Trustees.
showing tlie amount o f anthracite coal mined, from lands owned by
J. P. M O RG AN & CO.,
the coal com pany and m ortgaged hereunder during the year next p re
Ageqts for Voting Trustees.
ceding the declaration or such dividend, and sim ultaneously shall pay
t o the trustee a sum equal to five cents p er ton on all coal so m ined in
the preceding year, if the aggregate o f dividends so declared shall be
equal to or shall exceed such sum, and otherwise such lesser sum as
shall be equal to the aggregate o f dividends so declared.
A ll sums so received by the trustee shall * • * be applied in pur
chasing bonds scoured by the m ortgage in such m aimer as to it shall
seem best and at Hiiclt prices as it shall deem best, but not exceeding
ar and accrued interest
* * or witli the approval o f the Reading
om pauy at higher prices than those above fix ed : o r such unapplied
balance shall be invested In securities in which savings banks at such
tim e shall be authorized under the laws o f New York to invest their
funds, such securities to be held by the trustee as a part o f the trust
estate *
A ll bonds secured by the m ortgage, when so purchased by the trus
te e , shall be canceled.
g
T here are su b m itte d h e re w ith : C op y o f m o rtg a g e , w ith
usual ce rtifica te s ; c o p y o f s t o c k ce rtific a te s ; c o p y o f v o tin g
tru st a g re e m e n t; sch e d u le o f sto ck s an d bon d s o w n e d ;
sch ed u le o f eq u ip m e n t; sch e d u le o f cla im s a ga in st o th er
co m p a n ie s ; ba la n ce sheets o f th e th ree co m p a n ie s D ecem b er
1, 1896; o p in ion o f 12 co u n se l as t o R e a d in g C om p a n y's
ch a rte r an d p ow ers; o p in ion o f A tto rn e y -G e n e ra l o f P en n
sy lv a n ia as to sam e; o p in io n o f co u n se l as to n e w sto ck s an d
b o n d s ; e n g in e e r’s c e rtific a te ; sp ecim en s o f b on d s, s to ck trust
c e r t ific a te s an d d isch a rg e w arra nts.
B E A D IN G COMPANY.
B alance S heet D ecem ber 1 , 1896.
Railroad Equipm ent:
Locom otives, engines and ears....................................... $16,950,000 00
Floating E qu ipm ent:
Colliers, barges, e tc ............................................................
1,450,000 00
Real E state:
Owned by tlie com p an y ....................................................
16,000,000 00
Pliila. & Reading Railway C o.'s Bond:
Owned by the c om p an y....................................................
20,000,000 00
Phila. & Reading R ailw ay Co.’ s S to c k :
Owned hy the com pan y..................................................... 20,000,000 00
Phila. & Reading Coal & Iron Co.'s S tock :
Owned by the com pan y................ ..................................
8,000,000 00
Phtla. & Rea ling Coal & Iron Co.:
Advances for property in excess o f its capital stock 68,154,678 99
B onds:
Bonds o f other com panies owned by the c om p a n y ... 14,266,936 00
S tock s:
Stocks o f other com panies owned hy the c om p a n y ... 25 182,310 00
M ortgages and Ground R e n ts :
Owned b y the com pan y....................................................
266,594 16
Book D ebts:
Due by sundry railroads, e to ___: ....................................
3,343,382 87
$193,613,902 02
IHK
712
vol.
CHRONICLE
O u m « l n o r t n t f loan 1K9T-IW7 ...................... ........... B5O.3O0.OOO OO
767,491 68
Bond* and ntortgsgvs on real estate.................................
700.000 00
Delaware River term inal bon d*........................................
809,000
OO
Delaware R iver term inal e llr u s lo n bon d*.....................
28.000.000 00
U n i preferred (lo o k ...................... .....................................
42,000.000
00
Second | i»(* rn «l »U>ck.................................... ...................
Common s t o c k ........................ ............................... ............ . 70.000.000 00
I'ualingent account (to be adjusted on com pletion o f
968.410 37
n o m n i i a t i o n ) ....................................................................
£193,613.902 02
J ir o u t/ h t f o r w a r d
Lxrv.
.............. ..................
L ia b ilitie s .
Coal Trust, five-ten year gold loan
Receivers’ vou ch ers.........................
Lehigh & Wilkes Barre Coal Co
C o m o t business d e b t s ....................
Western freight, tolls, etc.................
R o y a ltie s..............................................
Due fo r coal purchased.....................
Wages and m aterial bills.................
Interest due and un collected ..........
$4,050,000 OO
36,752 09
57.136 68
981,208
133,998
91,994
201,775
797,189
34,112
57
52
98
41
59
50
1,310,279 57
$95,435,453 79
PH ILADELPH fA A READING R A IL W A Y COMPANY.
iUUIXCK 8111 ET, D rckviiikh 1, 1896.
R a ilroa d ................................................................................... * 8? ’S £ g ! S 8
T he c o m m itte e re co m m e n d e d th a t $25,500,000 o f the a b o v e d es crib ed $02,419,000 R ea d in g C om p a n y an d th e P h ila d elp h ia
& R e a d in g C oal & Iron C om p a n y G en era l M ortga ge F ou r per
c e n t G old C ou pon B on ds or 1997. fo r $1,000 e a ch . Nos. 1 to
2,004,069 89 25,500 in clu s iv e , an d R eg istered B on d s o f $500. $1,000, $5,000
an d $10,000, in to w h ic h said C ou pon B on d s m a y be c o n v e rte d ,
$90,833,919 08
b e a d m itte d t o th e list. A lso th a t the c o m m itte e be e m
p ow ered t o add t o th e list fr o m tim e t o tim e a d d itio n a l
M ortgage Debt* on P rop erty :
a m ou n ts o f sa id b on d s t o th e tota l a m o u n t o f $50,369,000
Prior M ortgage Loan*—
___
6 „ & intge. loan, 1->43-1910, co u p o n — $967,200
u p on receip t b y th em o f an officia l n o tic e fro m th e c o m p a n y
545,500
OS
$
•• 1843-1910,
th a t said a d d itio n a l b o n d s h a v e b een issued in a c c o r d a n c e
'95,000
6\
b
•• 1844-1910,
w ith plan o f re o rg a n iza tio n . A ls o th a t th e co m m itte e b e
OS
*
**
1848-1910.
" . . . .92.000
67.000
6S
9
"
1849-1910,
e m p o w e re d fu rth e r to a d d $12,050,000 b on d s (m a k in g in all
1,000
4**S $ mtg. con v .loan . 1857-1886 coupon
$02,419,000 as re co m m e n d e d ) as n o tic e sh all be r e ce iv e d th a t
8.000
4SS#
"
1857 1910
c o rre s p o n d in g a m o u n ts o f P h ila d e lp h ia & R e a d in g C oal &
2,696,000
1868-1893, 1933
$5,241,700 00 Iron C om p a n y b on d s h ave b een su rren d ered in e x ch a n g e
Consolidated M ortgage Loan, 1871-1911—
th e r e fo r. The to ta l a m o u n t a u th orized t o b e issu ed is n o t to
6% gold $ or £ co u p o n ...................................$6,999,000
e x c e e d $02,419,000, N os. 1 to 62,419 in clu s iv e.
6
" $
••
305,000
T he co m m itte e also re co m m e n d e d th a t th e a b o v e -d e s crib e d
6 S " 8 r e g iste re d ......................................
858.000
7%
.............................
.. 3.339,000
V otin g T rustees C ertificates fo r $28,000,000 F irst P re fe rre d
71
•• $ c o u p o n ____ ________ . . . .... ........ 7,310,000
18.811,000 00 N o n -cu m u la tiv e F o u r P er C ent S to ck . $42,000,000 S econ d
P referred N o n -cu m u la tiv e F ou r P er C en t S t o c k an d $69,Im provement M ortgage Loan, 1873-1897—
9,364,000 00 900.000 C om m on S to ck , b e a d m itte d t o th e list.
6\. gold $ or £ co u p o n ......................................................
5 P. Ct. Consols Mtge. Loan, 1882-1922, First Series A d o p te d b y G o v e r n in g C om m ittee A p r il 7, 1897.
5 S gold S c o u p o u .................................
$5.76-1,500
Philadelphia subw ay .......................................................
Current Business A sset*:
C a s h ............................................................ $1,061,291 08
Materials
................. _______
942,778
81
’_______
m aterials onu hand
5S
"
$ fractional scrip .............................
300,000 00
542
5,767,042 00
5 P. Ct Consols Mtge. Loan. 1882-1922, Second Series—
5*5 gold $ c o u p o n ................................................... $1,000
5“* " $ fractional scrip ....................................
535
1,535 00
844,572 19
Bond* and m ortgages on real e s ta te ...............................
Philadelphia A Reading Term. RR. Loan. 1891-1941
5% gold < c ou p on ..............................................................
6 Per Cent Mtge. Loan, 1896-1997, gold $ reg..............
8,500.000 00
20,000,000 00
Total m ortgage loan s..................................................... $68,529,849 19
City o f Philadelphia Subway Loan Guaranteed—
3 ' due Decem ber 31, 1904................................ $8,000
3t* due December 3 1 ,1 9 0 4 ............................ 142,000
3 V -. due D ecem ber 31, 1905............................ 150.000
--------300,000 00
Capital s to ck ...........................................................
20,000,01)0 00
Contingent account (to be adjusted on com pletion o f
reorganization!....................................................................
2,004,069 89
$90,833,919 08
•Owned by Reading Co.
T in : P H ILA D E LPH IA A READING
COAL A IRON COMPANY.
GEN-REAL B alance S heet , D ecem ber 1, 1896.
C a p ita l i e c o u n t s .
A m o u n t .T o ta l.
Coal lan d*.......................................................$61,772,116 90
Timber la n d * ..............
659,965 00
New York and Eastern d e p o t s .................
710,724 34
Western yards and depot*.........................
657.709 35
Minim, and other h ou ses........
.......
548,967 67
Pottsvllle shops, real estate and im
provem ent*....................................................
366,64 9 74
' 'tiier real estate .........................................
84,789 83
I m provements at oolllcrles on com pany's
land* . . . ..................................................
4,797 019 79
Improvement* at collieries on leased
la n d ................................................................
2,281,670 53
■qnlpinent* at collieries............................
2,302,467 *'3
Deadwork at collieries................................
3,711,477 31
Storage yard, and washerie*....................
429,838 40
stock* o f com panies co n tro lle d .................. 7.501,825 00
Bonds o f companies controlled................. 2,196 000 OO
---------------------- $88,021,221 49
A n r It.
Oaah on hand....................................................
Bills receivable..............................................
Coal and rent accoun t*.................................
Sundry a cco u n t*..............................................
Coal on hand...................................
$424,304 98
22 4,00 145
2 ,8 ‘ 7,273 27
386,07 74
3,124,958 82
Endowm ent fund, miners' beneficial
association..................................................
920,000 OO
Supplies and materials on hand...............
457,620 04
----------------------Tot* 1 .......................................................
C a p it a l Ic e o u n tn .
Divisional Coal Land M ortgage B onds:
1872 1907........................ ' * ..............
1873-1003...................................
1873- 1 8 9 8 . . . ......................
"
'
1874-1884 ...........................
........*
18?4-t899 ................. .
..................
1076-1890..............................
...........
18821902...................... ............
1883- 1889........................................ . "
1893 1898...................... .
1884 1904.....................................
1 8 0 2 -1 8 0 7 ........... ........................
1893 1 9 0 3 .........................................
6.936,612 26
477,620 04
$05,435,453^79
A m o u n t.
T o ta l.
$8,040,000 00
150.000 00
264 OOO 00
204.000 00
1.240.000 00
156.000 00
152.000 00
110.000 00
Bonds and m ortgage on real estate.......
Albright m ortgage, 1002.........................
.Debenture b on ds..............................................
P. A R. R. Co., collateral sinking fund loan
Capital stock............................... ..........
Reading Com pany..................................
1 60.000 oo
357.000 00
20.000 OO
24,500 00
~
~
f *
$277,106 46
296.000 00
...............
.................
1 1.177,500
00
5 :3 .1 0 8 46
2,000 00
1,774,000 00
8.000.000 00
68.154,678 99
SCHEDULE OF MISCELLANEOUS STOCKS OW NED B Y R E A D IN G
COMPANY AN D P LE D G E D F O R ITS M ORTG AG E
OF JA N U A R Y 5, 1897.
P a r V a lu e .
T o ta l
S h a res.
$40,000
250.0«»0
500.000
175.000
20,000
500.000
10,500
8,500,000
2,000,000
1,505 000
50,000
50,000
2 ,000,000
300.000
998,550
1 ,200,000
1,076,400
254,125
281.500
52,150
283,65*
878,850
540,700
318,950
61,600
205,100
454,450
788,V00
11,400
15,.500
185,400
86,150
81,000
48,175
3S.800
128,800
78,000
54.060
02,300
9,000
20,000
800
5.000
5.000
3,500
400
10,000
390
170,000
4 0,000
15.050
1,000
1,000
40,000
6,000
19,971
24,000
21,528
10.165
5,630
1,043
5,673
17,577
10,814
0,379
1,232
4.102
9,089
15,764
228
310
1,854
1,723
1,620
1,927
770
2,576
1,560
2,703
1,246
360
4,000
STOCKS.
Chester A Dela. R iver RR. Co___
Danville A Shamokin RR. C o___
Delaware Riv. Ferry Co. o f N. J.
M iddlet’ n A Huramelst'n RR . Co.
N orristown Junction RR. Co.......
Phtln. & Frankford R R C o ........
Pliila Read. A P ottsv. Tel. C o ...
Phila. A Reading Term. KK. Co.
Phlla H arrisb'g A P ittsb'g R R .
P ort Reading RR. C o.....................
R upert A Bloom sburg RR. C o ...
Schuylkill A Lehigh Rlt. Co........
Sham. Sunb’y A Lewlsb. RR. Co.
Taraaqua Huz. A North. RR. Co.
A tlantic City RR. Co. (pref ) ___
A tlantic City RR . Co. (com ) —
Allentow n HR. C o.........................
< atasauqua A Fogelsv. RR. C o..
C olebrookdalo KR. Co...................
Camden County RR. C o................
East Mahauoy RR. C o...................
East Penna. RR. C o......................
G ettysburg & H arrisb'g Ry. Co.
N orth East P enna RR. C o .........
P ickering V alley RR. Co.......... .
Phil. A Clies. Val, RR. Co. (pref.)
Phil. A Ches. Val. RR. Co. (com.}
Reading A Colum bia RR . C o___
Catawlssa RR. Co. (first p re f.)..
Catuwlssa RR. Co. (second pref.)
Cent'l Dock A Term inal Ry. Co..
Ju nction RR. C o .............................
Mine Hill A Sell. Haven R R .C o.
Mill Cr'k A M. Hill Nav.A RR. Co.
Mt. C a rb o n ,» Pt. Carbon RR. Co.
North Penn. RR. C o......................
Phlla. Bolt Line (preferred).......
P eople's Ry. Co o f P ottsv llle ...
Soli. V alley Nav. A R R . C o .........
■Swedes Ford Bridge C o................
Slntliigton RR. C o ........................
T ran s.
to
T ru stee
o f G en .
M tg e
750
4,900
4,900
3,400
350
9,979t
369
169.950t
39,900
15,550
960
960
39.900
5.900
19,971
23,900
21,428
10 065
5,530
1,< 00
5,600
17,500
10,700
6,300
1,200
4,102
9,000
15,700
228
310
1,816
1,718
1,620
1,900
750
2,576
1,560
2,675
1,220
360
3,900
In
N am e
o f D i
recto rs.
50
100
100
100
50
21t
21
50*
100
100
40
40
100
100
100
100
100
100
43
73
77
114
79
32
89
64
38
5
27
26
28
26
100
Total par value o f stock s___$24,182,310
* This is In addition to Its ow nership o f sh ires o f the P. A R. Ry. C o.,
the P. A- R. Coal A Iron Co. and the R eading Iron Co.
t Transferred subject to prior pledges.
SCHEDULE OF MISCELLANEOUS BONDS OWNED* BY READIN G
COMPANY AND P LE D G ED FO R ITS MORTGAGE
OF JA N U A R Y 5, 1897.
Oatawlssa R ailroad C om pany:
10% Chattel M ortgage Bonds, 1868-1888 ..........................
$98,450
5%
••
’•
“
1880.....................................
24 .*00
7".» Debenture Bonds, 1917...................................................
62,000
500.000
7 % Im provem ent M ortgage B o n d s ....................................
Camden County RR. C o ...'.........................................................
39,000
Colebrookdalo R ailroad C om pany:
M ortgage B on d s.........................................................................
593,400
G ettysburg A H arrisburg RR. Co. Car T rusts......................
18,000
People's Railw ay C om pany........................................................
36.000
Peiitlomen Railroad C om pan y.................................................
161,100
Philadelphia Rending & P ottsvllle Telegraph C o ................
200,000
Philadelphia A Chester Valley RR. Co.:
( a > Preferred..............................................................................
25,000
(ft; Not P referred......................................................................
47,000
Philadelphia Harrisburg & Pittsburg RR. C o ......................
1,472,000
Philadelphia Newtown A New York R R . C o..........................
849,100
Pickering V alley R ailroad C om pany:
First M ortgage L oan.................................................................
332,300
April 10 lh»7.J
.........................................
Reading & Columbia RR. Co.:
First M ortgage.......................................
Second "
........................................
D ebentures..............................................
Schuylkill & Lehigh RR. C o ....................
Tamaq.ua Hazleton & N orthern R R. Co
Schuylkill Navigation C om pan y:
Loan, 1872...............................................
“ 1882.................................................
Im provem ent L oan (Loan o f 1 8 8 0 )...
Loan o f 18 95..........................................
B oat and Car Loans...............................
B rou g h t fo r w a r d
THE
CHRONICLE.
$ 4 ,4 S 7 ,* S °
89,500
35,000
1,000,000
108,300
300.000
713
%hz (£cnuwcrcial jinxes.
COMMERCIAL EPITOME.
3
F r i d a y N ig h t , A p r il 9, 1897.
The interest o f th e business w orld has co n tin u ed to be
la rg ely centered in the taritf legislation. T h e retroactive
am endm ent as passed b y the H ou se o f R epresentatives has
brou gh t business to a practical standstill in the m erchandise
d irectly affected and has had a ten d en cy to unsettle business
Total par value o f b o n d s............................................. .........$14,175,936 generally. The reports fro m W a sh in g ton in d ica te th at the
T otal o f bonds and stock s............................................................$34,265,936 Senate com m ittee is n roceed in g ca refu lly ov er the bill as re
* This is in addition to its ownership o f $20,000,000 bond o f the ported by the H ouse. R u m ors h ave been in circu la tion o f a
proposed d u ty on hides an d skins. W h ile it is n ot g en era lly
P. & R . Ry. Co.
thought that this proposition w ill pass the Sen ate, it is presum ed
Union Depot RR. »t St. Louis.—B en ton B eliefon ta in e that it w ill be used to force the Senate to acced e to the d e
B on d s C alled.— The $500,000 o f 6 per cen t nonds issued by the sires o f the W estern R epu b lican m em bers on the w o o l sch ed
B en ton -B ellefontain e R y . C o. u nder date o f Feb. 2, 1891, have ule. The flood reports fro m th e Mississippi V a lley h ave been
been called fo r p a ym en t May 1,1897, at the Sr. L ou is Trust Co. the m ost disastrous in the history o f the cou n try. The d a m
age to property has been h ea v y and business has been seri
in St. L ouis, Mo.
ously interrupted. There has been a sharp break in w heat
Union Pacific Ry.— Com m ittee f o r C olla tera l Trust S ix Per values, the result o f liq u id ation in d u ced b y depressed fo r e ig a
C en t B on d s o f 1879.— At the ra quest o f the holders o f a m a advices.
jo r it y o f the a b ove-m en tioa ed bonds, H ow la n d D avis, 5 N as
Lard on the spot has con tin u ed to have a slo w sale, and
sau Street, N e w Y o rk ; Sam uel Carr, A m es B u ild ing, B oston, under m oderate offerin gs prices have declin ed, c lo sin g at
M ass., an d W illia m E G lyn , 15 W a ll Street. N ew Y o r k , have 4 27J£c. for prim e W estern, 4 -02J£c. fo r p rim e C ity an d 4'60c.
consented to a ct as a com m ittee under a bo id h old eri’ agree fo r refined fo r the C ontinent.
The lo c a l m arket fo r lard
m ent fo r the purpose o f p rocu rin g a sale o f the collaterals futures has been n eglected , but at the W e s t, u nder liq u id a t
h eld under said trust in den tu re, an d o f protectin g at su ch sals in g sales, prom pted by the declin e in corn , prices h ave w ea k
the interests o f the d epositing bondholders
ened. The close was qu iet but steady.
B ondholders d esiring to share in the oenefLs o f said b o n d
OArr.T OLOSING PRIOBS OF LARD FUTURES
holders’ agreem ent are in vited to deposit th>-ir bonds w ith the
S a t.
M on.
T u es.
W ed .
Thur
P r\ .
U n ion Trust C om pan y o f N ew Y o rk , as depository under said M ay................................. 0. 4 45
4*10
4*40
4 35
4*37
4 40
agreem ent, at its office, No. 80 B roadw ay, N ew Y o rk , N. Y .
P ork has been in fa irly g o o d d em an d but at lo w e r pri ce s ,
The holders o f a m aj >rity o f all the outstanding bonds have
closin g at $3 75 3)$9 25 fo r mess, $9 50@$lO 50 fo r sho t clear
already agreed to deposit their bonds. Copies o f the b o n d
and $9 50@$10 50 fo r fa m ily . C a tm ea ts have had a lim ited
holders’ agreem ent m a r be obtained u pon ap plication to an y
sale at steady prices, closin g at 5 l£ @ 5 % c . fo r p ickled bellies
m em ber o f the com m ittee or to the U n ion Trust C o. o f N ew
12@10 lbs. average, S ^ c . fo r pick led suoulders and 9@9J^c.
Y o rk .
fo r p ickled hams. B eef has been qu iet but steady, closin g at
F oreclosu re S u it.— A m em ber o f the R eorgan izatiou C om
at $7@$8 for mess. $7 50@$9 fo r packet, $ 9 @ $ ll for
m ittee in form s us that the com m ittee hopes to reach a fore
fa m ily and $12 50@$16 00 fo r extra Ia d ia
mess. Beat
closu re sale o f the property som e tim e in the fall and to c o m
ham s
have
been
qu iet
at
$19.
T allow
has had
plete reorganization w ith in a year.
a m oderate sale at steady prices, closin g at SJgC. O leoThe follo w in g m ortgages w ill be foreclosed : U n ion Pacific
stearine has sold slo w ly , but the price has held steady at 4 % c .
m ain lin e 6 per cent m ortgage o f 1866-69, $27,229,000: do.
L ord etearine has been du ll, closin g at
fo r prim e
G overn m en t lien fo r principal and interest ( Jan. 1, 1897), $57,City. C otton seed o il has fu rther declin ed , out tne close w as
202,178 (less sink in g fu n d o f $17,062,664); K ansas P acific East
steady at 20c. for prim e cru d e and 22 % c. fo r prim e y e ll o w.
ern D ivision m ortgage, $2,240,000; do. M iddle D ivision , $4,063,Butter has Bold slow ly and prices have been easier, c lo s in g at
000; do. consolidated m T igage, $11,724,000; do. G overn m en t
ll@ 2 0 o . fo r crea m ery. Chease has been in fa ir d e m a n d an d
lien, $13,781,000; D enver P acific, $975,000 (bu t on ly $4,000
steady at 9@12J^c. fo r State fa cto ry , fu ll crea m . F resh eggs
outstanding).— V . 64, p. 665.
have been w eaker, but the close w as steady at 9 }£ c . fo r o h o ice
Union Pacific Lincoln & Colorado Ry.— P ro tectiv e Com , W estern.
Coffee o f Brazil g ro w th has sold slow ly and under free
m ittee— D eposits Called fo r. —Charles E O otting (Chairm an).
Charles S. Tuckerraan, Jam es Jackson and W illia m E. G lyn - offerin gs prices have declin ed, closin g at 7}^o. for R io No. 7.
w ith Charles H. T yler as coun sel, have con sen ted at the r e M ild grades have bpen in g ood su op lv an d freely offered and
quest o f holders o f a large n u m b -r o f the first m ortgage prices have d -clin e d , closin g at 14J^c. for g o o d C u cuta and
bonds to act as a com m ittee for the protection o f their inter 35c. fo r standard Java. There has been m od era tely active
ests. Copies of a p rotective agreem ent m ay be obtained at speculation in the m arket fo r con tra cts, but at easier prices.
the office o f the O ld C 4 o o y Trust Co. in B oston or the G uar A t the close the m arket was depressed under liq u id a tion by
an ty Trust Co. o f New Y o rk , in N ew Y o r k , under tne t-rm s tired holders, induced bv the c m tinued large r e c-ip s at
o f w h ich holders are hereby io v ite d t o d -p o s it their bonds prim al points and w eaker foreign ad vices. The fo llo w in g
w ith either on e o f said trust com pa nies in ex ch a n ge fo* n ego w ere the final asking pricss :
tiable receipts. The tim e for m aking d -p osits has been lim A p r il.............. 6 -70o. |July .............
6 ‘90o. I O ot.................. 7 ’15e.
M a y ................ 6-75 o. A u g .................... 7-00o. N o v .................. 7 ‘ 15o.
ited to June 1st, 1897.
Ju ne.................. 6 '80o. I S e p t................... 7'10o. 1D eo................... 7 -15o.
Utah C e n tra l Rv.—O rdered S old.— This prop erty, w hich is
Raw sugars have had on ly a lim ited c a ll but prices have
entirely nistinct from the line o f sim il ir nam e lo a g since
m erged in the O regon Sn ort L in e, has been ordered to be held steady, closin g at 3 % \ for cen trifu g a l 96 -deg. test an d
3c. for m u -o iv a d o 89 deg. test. R sfiaed s u g a rs have been dull
sold in foreclosure. In 1891 the c im yanv m ade a $9 000,600
and u nchan ged; granulated cl osed at 4 % c . Teas h a v e been
m ortga ge to th e Central Trust C u i d e r w h ich $221,010
bonds are said to h a v - been issued. R csiv or’a c e r t ific a te in fair dem and and steady.
K e n tu ck y tob a cc ) has had on ly a lim ited call, but prices
also w ere au h o riz -d in 1894.
Tbs road i i operation ex'-m ds
Seed leaf to b a cco has been
fro m Salt Lake C ity to P ark C ity, 32 miles. B eyon d Park have been u ncha n ged and firm
C ity are 7 m iles o f track, not in o p -r a t'o n , and 1 7 ^ m I-s of in better d e n a o d a n d f i'm . Sales for tba w -ek weed 3 392
cases,
as
fo
llo
v
s
:
347
cas»s
1891-92
crop s N ew E ig lm d H a v
unfinished grade. Receivers w -re ap oointed Nov” 27. 1893
T he gross earnings fo r the year 1895 96 were §7 4 ,157; net ana seed. p. t . : 759 oases 1895 crop . N ew E 'g la n d H avana
se-d , 14@22J^:.; 100 ca s-s 1892 crop , State H avan a. I3 t£ c .j
$22 662. against $3,317 in 1894-95.
200 cases 1803 crop , P en nsylva nia seed lea f. 7 @ l3 c .; 125 cases
W h e e lin g a Lake E rie R y .— R eorg a n iza tion N otice. — 1894 crop, P en nsylva nia see i le if. l l V @ l 3 c ; 150 cases 1894
M aitland, Copoell & Co. an n ou n ce that thev have already the crop , P ennsylvania H iv a o a s e e l, 121<@ l4o.; 2 5 ) cases 1895
co-operation o f o w n e r- o f the first m ortgage bond* o f 1936 in c r >p, P ennsylvania H avan a seed, 12J^@13;.; 2 2 )ca s e s 1893
excess o f $1,350,000.—V . 64, p. 665.
crop , W iscon sin H avana, 91^'gl03^c., <5;c , & c .; also 700 bales
W is co n sin C en tra l C o m p a n y — D f a u l t A p -il 1 — Joup >ns H avana at 80c. io $1 10 in bond and 500 bales S u m a tra at
du e A p ril first on the $310,000 o f W iscon sin & Minnesota 7s 65c to $2 25 in bon d.
rem ain unpaid. The o mds are a first lien on tne 54 miles
There has b-en an increased dem an d fo r Straits tin and
fro m A b botsford to St. C roix Ju n ction , near O hippow a Falls, prices have ad vanced in response to stron ger foreign advices,
W is ., a portion of the m am line bet ween C l i c i g o arid St. closin g at 13 35® lS^O c. In got cop p er has had v ery little
P au l. The w ise msin & Mmnes ita w is form a lly con solida ted call and prices have w eakened to m ^ @ l l % c . f ir Lake. Load
w ith the W isconsin Central C om pany J u ly 1, 1888, and its has been quiet bu t prices h ave held ab out steady, closin g at
bonds underlie the W iscon sin Central 5s.
3-3 7 % @ 3 -42>4c. fo r dom estic. Spelter has had very little
R eo rg a n iza tio n .— The R eorgan iz ition C om m ittee hopes to call and the prices have w eakened sligh tly, closin g at 4 '10 @
m ature a plan for subm ission to the security holders by early 4 15c. for dom estic. P ig iron has been q u iet an d easy at $10
part o f the sum m er. E ff orts are n o w b -in g directed tow ards @12 fo r dom estic.
the ad ju stm en t o f the relations betw een the W isennsin C en
Refined pe roleum has been depressed, closin g at 6 05c. in
tral and its con trolled lines on som e basis fair to both in- bbls., 3 5oc. ia bulk an 1 6 50c. in cases; nap u h a d u ll at 6J^o.
teres's. These controlled li ies are tne C n ica zo W isconsin & Crude certificates nave bsen n e g le c te i. C redit balances have
C h icago, W i-con sin & Minnesota and the M ilw aukee & Lake been low ered t o 83c
Spirits turoentine has been in fair d e
W in n eb a g o; roads w hich n ow have a con tra ct ca llin g for mand and i-t-ady, closin g a t 29 t£ @ 2 9% c. R osin g have been
rental o f 37$^ per cen t o f their gross earnings up to >350,000 qu iet and unchanged at $1 65 for oom m on and g ood strain ed.
and $175,000 respectively, an y excess to b : divided eq u a lly W o o l has b -on in fair dem and for spot stocks an d firm . H ops
w ith the lessee.— V . 63, n. 970.
have been dull an d w eak,
1,685,590
3,940,646
228.000
1,181,000
1,320,050
THE
714
CHRONICLE,
C O T T O N .
Fiui>,vv N ig h t , April 9, 1897
T a e Mo v e m e n t o r r u e C hop , as Indicated by our telegrams
from the South to-night, i-i given below. For the week ending
this evening the total receipts have reached 49,6Id bales,
against ; i t C bales last week and 111,082 bales tin; previous
*
, -nuking the total receipts since the 1st of Sept., 1806,
6 ,£77,753 bales, against 4,889,811 bales for the same period of
1895-b,showing au increase since Sep. 1 ,1896, of 1,470,878 bales.
M e cH p is a t —
j
S a l.
e*xv©#?oB a .........
city* tfce.
H#tr O riean*. •*,
M o b i l * . a. * .
F iorin a.,
8*Yiu&!ii&
Bramsw'% i%e.
OharitMton .........
§.,i8S|
460
Tt.es.
M on -.
W ed .
2,194
1,834
1,053
......
1,732
1,081
4.941
77
1,594
2,704
557
327
60
482
8
19
76
F ri.
T h u n ,
843
......
......
2,249
587
1,460
352
......
......
756
......
m
T o ta l.
1,027
9,734
093
693
2,417 1.5,407
241
2,798
300
300
1,580
7,907
903
903
1,061
74.
8
8
193
78
4
4
3,472
256
134
134
[VOL. LX1V •
In addition to above exports, our telegrams to-night also
give us the following amounts o f cotton on shipboard, not
Seared, at the ports named.
W e add similar figures for
New York, which are prepared for our special use by Messrs.
Lambert & Barrows, Produce Exchange Building.
O X SHIP B OA RD , NOT CLEARED FOR—
A p ril
9
a t—
„
1
O th er
area !
B r ita in .
France, foreign
757
1,105
None,
Noue.
5.000
1,200
3.000
5.000
9,250 ■25,287
4,810
1,137
None.
■1,000
None.
None.
None. 11,000
None.
1,500
1,000
4,400
None.
2,000
....
New O rleans...
G alveston....... .
S avannah........
Charleston
M o b ile ..............
N o rfo lk ............
New Y ork .........
Other p o rts___
C o a st
w is e .
Leaving
stock.
T o ta l.
801
•1,102
None.
1.300
Noue.
7,400
None,
None.
36,095
11,154
4.000
1,300
16,000
178,401
54,041
35,729
22,202
7,980
8,607
223,19.5
36,836
lo.ioo
8,400
7.000
T otal 1 8 9 7 ...
16,062
15,060
49,324
13,603
94,049
566,994
Total 1896 ..
Total 1 8 9 5 ...
35,554
5 5 ,2 6 1
3,001
7,418
48,203
69,504
7,093
19,419
93,916
141,002
431,967
684,501
Speculation in cotton f >r future delivery h is been quiet
and the fluctuations in prices have continued within narrow
limits, the net change for the week in prices being unimport
ant. Saturday there was a demand from spinners in the
512
530,
S3i
545 1,290
spot market and there was some foreign buying : this stim u
..........*
............
......
lated a demand from shorts to o v e r contracts and prices
...........
......
......
......
1,444 closed at an advance of 5 to 9 points for the day. Monday
•261
104
174
354
317
234
748 there was a farther advance in values during 'Change, on
748
......
......
......
......
1,713 buying for Southern and for-igu account and the reports
252
125
60
271
823
182
from the Mississippi Valley detailing the most disastrous
T ot’ l* this week 7,306! 7,209 10,950 7,374 4,094 9,641 46,639 flood in the history of the country, which will necessitate
considerable delay in planting, and this also had a
The foil «ving shows the week’s total receipts, the total since
strengthening influence. Subsequently under local selling
Sept. 1.1896, and the stoat to-m gnt, compared with List y e a r .
the market weakened and the close showed prices 1
to 4 points lower for the day. There was a quiet
S to ck .
1896-97.
1895-96.
R e e t i p t s to
market on Tuesday, and the changes in prices were
S in c e S ep .
S in ce S ep .
T h is
T h il
A p ril 9
1896.
1897.
unimportant. Wednesday there was little ae ivity to the
1 ,1 8 9 5 .
1,1 896 .
W eek.
W eek.
trading, and despite the continued disastrous flood' reports
65,195
48,924
G a lv e sto n .,.
9,731 1,313,844 12,163 883,332
the market eased off sligh Iv, owing to the absence o f specu
834
5,456
2,958 105,850
693 103,444
T ex. C., Ac.
lative interest, Thursday' the market opened quiet and
N ew Orleans 15,407 1,954,207 14,052 1,640,272 214,499 191,795 slirhtly easier, in response to foreign advices. Towards the
M o b ile .. . . . .
23,930
12,550 close, however, the market turned stronger on the report o f
880 187,900
2,799 278,676
80,472
large purchases in the spot market by the Com m ent, and the
......
29,797
F lorid a .........
300
0,362 706,749
36,515 close was at an advance of 2 to 4 p fiats for the day. To-day
Savannah ...
39,729
7,967 801,367
1.294 the market opened 1 to 3 points higher, in r sponse to stronger
S r ’ wiok, Ac
963 153,€42
1,169 112,910
1,241
22,422 foreign advices ; then weakened and declined 3 t > 5 p fiats
1,731 271,274
23,502
C h a rleston ..
1,061 333,358
under local selling. Subsequently, however reports of fur
P, Royal, Ac
65,730
......
70,134
8
W ilm ington.
889 162,265
193 232,500
4,808 ther larg.- s tl-s of spot cotton for export to the Continent
5,447
stimulated a demand from shorts t> cover contracts, and
Waeh'n.Ac.
4
837
2
765
N o rfo lk ........
5,538 308,331
18,707
24,351 prices advanced 4 to 7 points. The close was steady at an
3,472 070,949
N'lKirl. N.,Ac,
134
15,997
743 162,707
2,626 advance of 3 to 4 points on this crop and uneh Paged to 2
47,800
New Y o rk ...
2,213
49,252 231,595 148,002 points decline on the next crop. Cotton on the spot has been
147,709
B oston..........
1,444
8,089 104,910
17,000
15,000 in fairly active deman 1 both from spinners and shippers.
B altim ore...
58,254
381
749
46,219
12,796
7,500 Prices advanced l-16o. on Saturday and l-16o on M >nday.
PhlladeL.Ae.
1,718
37,881
837
6,896
38,164
9,262 Tuesday there was a deoline of 116c. To-day the market was
active for export and l-16o. higher, closing firm at 7 7-16c.
T o ta ls ....... 46,639 0,357,753 57,967 4,880,881 661,013 525,883 for middling uplands.
The total sales for forward delivery for the week are
In order that comparison may be made with other years, we
511,100 bales. For immediate delivery the total sales foot
give below the totals at leading ports for six seasons.
up this week 18,705 bales, including 15,161 for export, 3,841
R e ceip ts a t—
1897,
1896.
1895.
for consum ption,------ for speculation and 200 on contract.
1894.
1893.
1892.
The following are the official quotations for each day of the
■Gaives’n Ac,
10,427
15,121
12,778
4,357
5,879
5,335 past week— April 3 to April 9.
Now Orleans
15,407
14,032
36,003
19,821
23,999
22,473
On the basis of the rates on and off middling as established
M o b il e ......
880
2,411
2,923
2,793
1,087
978 by the Revision Committee, the prices for a few of the
S avan nah ...
7,967
6,30 i
9,105
7,862
8,959
7,742 grades would be as follows:
WflMiosrtoa
W aali'ton, A c.
N orfolk_______
K ew port
M e w Y o r k ......
B o s to n . . . . . . . . .
B altim ore.........
Ohas'ton, A c
W iim'ton.Ao
N o r fo lk .......
N, New s,A o.
A ll o th e rs...
s
1,009
197
3,472
134
5,103
Tot. this wk.
46,039
1,731
871
5,538
743
12,609
07,907
5,937
433
3,911
4,630
18,251
93,523
7
2,423
617
8(3d8
5,121
12,402
63,867
1,137
143
4,980
1,437
5,618
53,243
1,790
1,513
4,191
6,765
11,639
02,416
UPLANDS,
S a t.
Good Ordinary............................
Low Middling...............................
M iddling............................. ..........
Good M iddling.............................
Middling Fall-.................... .........
6%
7
Bine* Sept, 118857,75314830,881 7437,308 5598,102 4671,379 6647,427
The exports Tor the week ending this evening reach a total
of 73.318 bales, of which 24,441 were to Great Britain, 181
to France and 17,721 to the rest of the Continent. Below are
the exports for the week and since September 1, 1896,
WuK Ending Apr. 9 ,1 8 9 7 .
From Sept 1 ,1 8 9 6 , to Apr. 9 .1 8 9 7
Exported to—
Exported to—
Orrat
Conti Total
Great
Conti
France
France
Total
UriVn.
nent. Week. Britain.
nent,
Export*
from —
UmHmum . . . . .
M **
T e i . C U y, A e ..
Orlftftna..
...............
*Msn
......
ftavaanah
B r a m w lc k ... .
fto tl. .
P ort H o y a L ...
WUmlngprm. . ,
N tfrfolit ..... ...
K 'p ort
toe, ,
Hew t m k * ....
..........
..........
LHW
Bmitm..
1M
»00
0,178
300
0,378
5,390
5,300
0.560
500
6,500
1,005
3,820
h tm
mm
m 2 #**»•*
Haiti
8 , Fred*.
.
T o t a l ............
T 4 M .u
..........
753
7.897
321
321
23.789 33,000
m
..........
24.411
.4m J 3
%,m
69,722
48,263
95,712
78,339
68.347
95,431
141,159
9,427
8,8*4
1,M 0
990
252
•«•••■
716,363 180,632
........
700,1)56 870,267
If.,811
5,200
24,988
214,970
75,418
8,941
874
7,097
273,537 1,170,632
21,317
21,318
543,705 1,083,013
23,492 158,230
6,702
0 5 ,4 2 1
314,009 408,213
9,933
105.075
197,011 205,360
03,8 i 7
111,303 200,794
36,882
133,211
200
9,027
103,024 450,467
2,001
217,037
55,202
13 h,407
430
9,398
50,052
50,920
W l 47,731 72,343 2,770,034 612,765 1,830 960 5,219,606
8J9B9 83,341 72.42« 1.910.533 411,630 1.57«~902 3.937,115
GULF.
J Iou T u es
%
r-%
7 llje
8tt
‘6
v>\%
7%
She
W ed
T it ,
6%
0%
7
7%
T liis
8 J4
6%
7
7%
Z\h«
SM
7%
Z i ’ i«
sq
F r i.
7 lie
z >
7%
8“ 16
S a t.
M on T ues W ed
T l» .
F r i.
65g
0%
7h
7=s
7J»ie
8%
60s
7>4
7»s
g i ’ ie
7°io
Good Ordinary............................
Low M iddling.................. ...........
M id d lin g ......................................
G ood M iddling.............................
Middling F air.............................
&
7H
7%
7 1Bie
8k>
V 1'
S he
608
7tt
7%
7 is w
Shi
I
16
S he
Z l>
STAINED.
S a t.
M o n T in s* W e d
T il.
Low M iddling...............................
M iddling.......................................
Strict M iddling............................
Good M iddling T in g ed ..............
6%
6*3
7
75*2
730
6J«
7
7 » ,2
7%
7.
7 532
738
7H «
Visa
7 ‘■is
6*6
7
7^32
7%
F r i.
§f *16
»
lists
7'lfl
MARKET AND SALES.
The total sales of cotton on the spot and for future delivery
each day during the week are indicated in the following
statement. For the convenience o f the reader we also add
a column which shows at a glance how the market closed on
same days.___________________________________
SALES OF SPOT AND CONTRACT.
SPOT MAEKET
CLOSED.
Sat’day.
Monday.
Tuesday
Wed’ day
Th'day..
Frldav..
Total----
Ex
port,
Con- Spec- Con
til’l'n t r a c t .
su m p -
Totel.
S a le s o f
F u tu re s.
365
1,110
325
6,494
8,425
80,200
110,500
71,000
82.500
74.500
91,800
3,341
200 18.705
511,100
Quiet at iis adv.
300
Steady at ijaad.
Quiet at tin dec.
500
Steady...............
Firm................. 6.264
Firm at lja adv. 8,100
1,817
15,164
94
305
510
230
ioo
ibo
1,817
494
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Saturday, Apr. 3 —
Salea, total.............
Prices paid (range)
Closing....................
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P P k §o«£, 5 §. i « “ S
h|^ sig c e g
■SSomnrtOO'S
°
SggSaioDoQ
;a « n
o ©
r« O
"CQ fl dfl°r© r^ P, a .2 d d d SWISS'
1 ®
O
o g g -g .k o S
2 £ th C © © ©
Bd"
5 ©t= © —-^-H
d d k*t« o 2
g f -1 o «M 2^
H| a » H | H I ^ k fl ^ D D b fiI « l 2 , 3 $
rO
s S w£ £ p
is o '©
'’ a !
S
M a rk et,
R ange and
T o ta l S a le s .
D A IL Y
A p ril.
M ap.
J u n e.
J u ly .
P R IO E S
A u g u s t.
TOWNS.
T h is
m eek.
A lab am a ...
Enfanla,
M ontgom ery
a
Selma,
A rk an sas ..
Helena,
3 5*g5
<
«
L ittle Book,
GEORGIA....
f ' 3 | .a Albany,
4
4
Athena,
If
Atlanta,
(4
® *^ja °
Augusta,
41
d -H
<« Columbus,
41
Macon,
M
o « g . 3 Rome.
Louisville."nei K entucky
Shreveport, L ou isian a .
Columbus,
M ississippi .
s a -a s
Greenville,*
II
Meridian,
g c » '5 §
44
<1
1 s i ? Vicksburg,
44
Yazoo City,
8t. Louis,
M ibsoubi ...
« “ o ® Charlotte,
N.C arolina
O T3 O M Raleigh,
41
O h io ............
Cincinnati,
Columbia,
8.
C
arolin
a
r: -am
fl
q Greep w ood ,
14
Memphis,
T ennessee ..
“
H &■« d Nashville,
M
S o
Brenham,
T e x a s ..........
& « " = £ ■ Dallas,
14
14
h 5 jh ® Houston,
as 4
® Sa °
■e 22 a>
S? ® ° . 0
23
^
■Jaw £
.2 -° ° §
CO. 50'd
S 2M
3 ft 8
A N D
S A L E S
S ep tem b er,
A p ril
T otal, 31 tow n s..........
OF
F U T U R E S
O cto b er .
F O R
N ovem ber.
S in c e
S e p t . i ; 96.
36
451
152
678
13
338
603
1,105
77
39
206
50
416
04
623
119
96
55
4,058
170
324
3,296
242
129
2,145
413
368
278
6,064
15,403
126,610
68,495
50,395
84,581
32,371
54,940
128,745
274,914
44,409
GO,658
61,635
6,319
101,035
34,271
55,607
40,005
63,113
79,761
59,171
496,231
22,009
24,857
276,080
31,882
15,726
540,937
25,227
53.079
51,695
1,237,747
22,608 4,268,108
E A C H
9, 1897.
M o v e m en t to
S h ip m ’ ts
T h is
w eek,
240
691
759
485
756
92
499
616
4,594
69
469
573
50
2,334
321
365
1,133
629
480
5,094
170
419
4,721
242
59
5,791
475
340
175
16,847
S to ck
A p r.
9.
532
4,255
2,937
1,517
5,426
1,608
126
9,312
24,379
4,U12
2,544
1,510
385
8,999
655
5,500
2,4r, 6
3,436
9,692
3,864
41,123
....
1,060
4,503
200
50,038
705
928
124
10,324
49,488 232,170
TM m
w eek.
S in c e
S e p t . 1,»95.
J a n u ary.
A v ’ ge.. 7*07 A v ’g e.. 7*12 A v’ ge.. 7*18 A v ’ge.. 7*18 A v 'g e.. 6*93 A v 'g e.. 6*85 A v'ge.. 6*85 A v’ge.. 6*87 A v ’ge.. 6*92
Firmer.
A v ’g e ..3.700
4,100
500
3,300
3.800
5,200
82,100
4.900
22,000
HO,200
7*04® 7*10 7*09® 7*14 7*13® 7*19 7*14® 7*21 6*89® 6*97 6*80® 6*86 6*80® 6*87 6*82® 6*89 6*91® 6*92
6-80® 7*21
7*0 2- 7*04 7*07— 7*08 7 * 1 2 - 7*13 7 * 1 8 - 7*19 7 * 1 9 - 7*20 6 * 9 6 - 6*97 6 * 8 5 - 6*86 6 *86- 6*87 6*89® 6*90 6*92— 6*93
Steady.
10, 1896.
S h ip m 'l s
S to ck
T n is
A p r . 10.
w eek.
125
541
190
16,202
115,854
34,584
49,376
94.30S
26,674
49,390
88,764
166,917
46,141
49,807
50,366
5,333
75,349
27,903
40,175
32,307
47,295
63,741
53,109
527,838
19.HOI
18,870
177,485
31,172
14,814
406,138
19,617
52,215
4o,302
699,326
724
1,817
182
861
214
416
826
199
295
100
648
2,091
350
8.445
270
220
6,642
300
106
5,37«
397
441
252
12.692
32,265 3,440,163
45,320
39
251
116
88
503
3
110
179
677
134
43
196
416
560
81
75
278
147
130
166
6,184
270
270
5,426
300
81
2,583
366
106
40
12,447
M O N TE,
D ecem ber.
A p ril
R e ceip ts .
R e ceip ts
•2§.-§3
° - ua
1
« _ ® o
55
M o v e m e n t to
F ebru a ry.
M a rch .
. ,
— ® —
6*95— 6*97
—
d
—
593
5
770
5,752
2,624
2,095
20,480
2,125
7,610
7,705
20,404
6,336
3,982
2,762
460
8,934
463
5,700
3,138
5,049
9,570
9,347
55,234
50
2,150
4,287
725
68,580
69
3,065
1,162
20,309
280,927
M©
U Lt >) *?»S 2
©
©C
h ©“ A
HjS
a s© ©
a sr ©
d
S hSp cseT .p
s ls fi n « o
!ir s a
S
10 © 9 e8 r3 or- —
Easier.
A v ’ge.. 7*09 I v ’ge.. 7*14 A v’ge.. 7*19 A v ’ge.. 7*20 A v ’ge.. 6*97 A v’ge.. 6*86 A v’ g e.. 6*86 A v ’ge.. 6*89 A v ’ge.. 6*92 A v’g e ..------ A v ’g e ..-------A v’g e ..
Monday, A pr. 5—
.flN tu
e*
4.700
5.000
4,600
6,700
7,500
43.300
2,400
6,000
30.300
110,500
Sales, tota l.............
o-o o q r *■
— -a —
7*08® 7*12 7*11® 7*16 7*16® 7*21 7*17® 7*23 6*94® 6*99 6*83® 6*89 6*82® 6*90 6*87® 6 93 6*90® 6*95 — <» Prices paid (range) 6*82® 7*23
6
*
9
2
6
94
6
*
9
3
6*95
6*85—
6*86
6
886*90
6
*
8
1
6*82
6*82—
6*83
7*15—
7*16
7
*
1
1
7*12
7*17—
—
Closing.................... B’rly steady. 7*01— 7*03 7 * 0 6 - -
« ®
<3
al
HHca<ac3c€c8s3a!dc€c3
MM H O O O O O O O O O O
©©
© ooooooooo
23
GGX tf) TD 'JQCC (t) co no no ctj m
M
w
■ ® C3
2 w « l« -< W S m a §
3 3 '3*Jp+J+J+3*3-fJp*34-J
o
W
^H Q*IJ ’ wj j
TJ bo
; l
: S
^wwo
t; H
WL
^ *- Li ®
— “*-<
3
Mtj
fH^
-----® 5 OHi ® g-M 2 °
a a a s lB S §
S-g-g
© 2? S oq-t-i
® ® ®
.3 5 5
0 § £ £
s -s -s !
® oo m g
2 -2 *
A v ’ge.. 7*04 A v 'g e.. 7*09 A v’ge.. 7*14 A v ’ g e . . 7*15 A v’ge.. 6*91 A v 'g e.. 6*81 A v 'g e.. 6*81 A v’ge.. 6*94 A v ’ge.. 6*89
Quiet; Bt’dy. A v ’ge..Tnesday, A pr. 6 —
7.400
100
8,900
24,500
500
800
3,400
23,800
2,200
71,000
Sales, total.............
— <t> —
7*01® 7 06 7*07® 7 10 7*12® 7*15 7*13® 7*17 6*91® 6*92 6*80® 6*81 6*79® 6*83 0*82® 6*87 6*89® —
Prices paid (range) 6*79® 7*17
7 * 1 4 - 7*15 7 * 1 6 - 7*17 6 * 9 3 - 6*95 6*81— 6*83 6*83— 6*84 6*86- 6*87 6*89— 0*91 6*93— 6*95
7*10- —
Steady.
7*00— 7*02 7*05— C losing....................
(V
&H ©
M
Easier.
A v ’ge.. 7*03 A v ’ ge.. 7*05
O Oh WedneBd’y, A pr.7—
29.300
82,500
200
Sales, total..............
— ® 7*03 7*0*2® 7*08
X
H
6*78®
7*19
Prices
paid
(range)
M O
Steady.
6 * 9 8 - 7*03 7 * 0 3 - 7*01
C losing....................
o o
a m Thursday, A pr. 8—
Firmer.
A v ’ ge.. 7*05
A v ’g e ..—
£ .2
22,000
74,f>00
SalCB, total.......... .
7*03® 7*07
Prices paid (range) 6*79® 7*18 — ® —
Steady.
7*01— 7*03 7*05— 7*06
Closing...............
e<1 lo
«*H Friday, Apr. 9—
A v ’ge.. 7*09
Irregular. A v ’g e ..—
30.100
91,800
Sales, total..............
S 2
7*05® 7*12
6*80®
7*22
—
a
Prices paid (range)
q~
8teady.
Closing...............
7 * 0 5 - 7*07 7*09— go.s
158,100
200
Total sales this week
511,100
7*06
7*03
w ft A verage price, week
00 Sales since Sep. 1 /9 6
24,856,300
332,300
4,528,500
A v’ge.. 7*10 A v’ge.. 7*16 A v ’g e.. 7*16 A v ’ge.. 6*92 A v ’ge.. 6*80 A v ’ ge.. 6*82 Av'ge.. 6*84 A v’ ge.. 6*87
6.000
2,600
1,900
2,300
24.300
4.800
7,300
3,800
7*06® 7*12 7*12® 7*18 7*13® 7*19 6*90® 6*96 6*78® 6*84 6*80® 6*85 6*83® 6*88 6*85® 6*91
6
*
86—
6*87
6*82—
6*83
6
*
7
9
6*80
6 * 9 1 - 6*93 6 7 9 - 6*80
7 * 1 2 - 7*13 7 * 1 4 - 7*08-
— ® 6*89— 6*91
— ®
—
■ ■ J o fg S S S —
a
—
A v’ge.. 7*08 A v ’ge.. 7*14 A v ’ge.. 7*15 A v 'g e.. 6*93 A v ’ge.. 6*90 A v ’ge.. 6*82 A v’ge.. 6*81 A v 'g e .. 6*87
3.400
4,600
2,100
4,100
7,400
6,700
22,000
1.900
7*07® 7*10 7*12® 7*16 7*13® 7*18 6*91® 6 98 6*79® 6*84 6*79® 6*85 6*81® 6*86 6*85® 6 91 — H —
7 * 1 0 - 7*12 7 * 1 5 - 7*16 7 * 1 6 - 7*17 6 * 9 5 - 6 97 6*e3— 6*84 6*82— 6 83 6*86- 6*87 6 * 8 9 - 6*1)0 6*92— G*94
A v ’ge.. 7*14 A v ’ge.. 7*18 A v ’ ge.. 7*19 A v ’ge.. 6*96 A v ’ ge.. 6*83 A v’g e.. 6*8 A v’ ge.. 6*86 A v 'g e.. 6*87
4,600
7,2i»0
1,700
3.800
2.800
25,800
12,500
3,300
7*10® 7*16 7*15® 7*21 7*16® 7*22 6*93® 6*98 6*80® 6*85 6*S0® 6*84 6*83® 6*88 6 *8 6 ® 6*92
6 * 8 5 - 6*86 6 8 9 - 6*90
7*13— 7*14 7 * 1 8 - 7*19 7*19— 7*20 6 * 9 5 - 6*96 6 * 8 1 - 6*82 6*8*2- —
21,100
7*11
42,600
7*16
172,000
7*17
12,200
6*94
23,000
6*82
33,200
6*83
26,400
6*86
23.400
6*89
596,800
451,600
1,317,800
72,300
134,900
263,800
217,800
46,400
— ii” —
6 * 9 3 - 6*94
t s g fn p S o
©© ©
tc.a-H
f l oSSo g s
B S ij” S tk
s * a ~ .= '2 l j ? S
- a*9 ►**? S 2 « P
•Hr ® 2 o o t> i> £
t c a J Z S.O - c e e f l
£ % S g a “
d 2 ©bZ©®*^E©
—
I s J o b i 'f t e * 2 ®
3 « o s 5 , S ®2
1,200
.........
H
cj 5
“t «n ®
rj a©*
| d*i
C
^ *d <©
£ S ° ^ 2
© ^
k
S ^ r-.
a t-_ a
“ 22
ij w
03 0
©
a
>>3
<* ” S
g
o % 2 m t
» d .2 “g m
S 4, S & «
« S » » d
S H h flS
5
® Srd
2£
^2 "flH
Sj
© ca
a s
i 5 $ „•J 1
• "2 'd c0 ^ co
: 5 J®«a'
! = o « 3 i
! I “J
: ■ w ’g g ® ; * * ■ 2 -°^
1 O fe ^c© u
: ® „ § ® ?,
§J3 « B i
, X-P « © J
*2 ^ © p*
* b O a -= 'jb -S d ® ♦?
H p
g H
« ffl
5 ©
2.
ta -C no
® « _r
s
o ’® d
^ n in
s «oJH § ® t r t
® ? . s ) S&s
*80®
soft
E» »
THE CHRONICLE.
716
tiC T O A T lQ X S f O R
B
ih o w
M lD D U N Q
C O T T O N A T O T H E R M A R K E T S .—
a r e >.<l< .-.n g q u o t a t i o n s o f
m id d lin g c o tt o n
at
S o u th e rn
a o ii o t h e r p r in c ip a l c o t t o n m a r k e t * f o r e a c h d a y o f t h e w e e k .
QOoTJkTiOSli FO R M l DO U N O OOTTON • > *-
K '
- -
New O t l e m u ^
M obile . .....
SaViMMJJii*...
Tuts.
7U *
7 < l«
7«|,
Wilmington»1
Norfolk.....
27*1*
«*
is.
7%
7%
7%
««1*
6 »»
Thurs.
F ri
7 > t-
~7h7
7 * i»
7 1 ,*
7
7
7
7
7*4
7%
7%
7»s
7 *4
7
7
7 i,o
7*8
7*4
7
7 *4
7L «
7%
7*Sj
7*4
?
7
7 1 ,«
7*8
7
7
7 1 ,«
7> s
7
7
W cdnet.
7
?
7
7»*
7%
7%
7 U ia
7*4
..
B»1 tiio o r e . . i
PbH^elpM n,
Angct^NM.** 3
Mem p h i* ..., j
is . ioatft.«H|
Mon.
Z ‘ ia
7
7
7
7
7
7
7
7*4
7%
714
7 %
7*8
7»e
7 °«
7*4
7
7
7
7*8
7*4
7*4
7
7
7
7%
7»fl
0 bEHAB2lftl|-W»i 7 %
JUmLi’riilft.... 3 7
The closing quotations to-day (Friday) at other important
Southern markets were as follows,
JUiaot* ........ 6 ! |Eufaula.......... «i5i« Satoha*......... «7a
Charlotte...... T’-s 1Little Rook..., 6<a Raleigh.......... 7
Ooltmihn*, On. Si's [Montgomery,.. 7
Selma......................
Oaluiubtu.Mlw S-s ! Nashville..........
R
e c e ip t s
from
P
t h e
67a
l a n t a t io n s
Shreveport.......
.— T h e
6*i*
fo llo w in g
ta b le
in d i e a t e * t h e a c t u a l m o v e m e n t e a c h w e a k f r o m t h e p l a n t a t i o n s
Id le
fig u re s
do
not
in c lu d e
o v e r la n d
c o n s u m p tio n ; th e y a r e s im p ly
m o v e m e n t fr o m th e p la n ta tio n s
a
of
r e c e ip ts n o r
S o u th e rn
s ta te m e n t o f th e w e e k ly
t h a t p a r t o f t h e crop w h i r r
d u a lly r e a c h e s th e m a r k e t th r o u g h t h e o u tp o r ts .
S t'k a t I n t e r i o r T ow n *. R ec ’v U f r o m P l a n t ’n*.
R eceip t* a t th e P o r t* .
M nM ng—
Mcb.
“
**
A p r.
**
6 .,...
3 2 .....
]
2*5........
2 ........
9 .-
95.280 i
79.931
65.159
61.032 :
64.237
) 6,639*
1895,
1897. j 1806.
1887. j 18WJ. j 1885.
85,285 3.19,635
11.518 132,381
69.460 123.133
76.237 j 115.470
60,202 116.707
57.067! 93,523
350.1271384,208 S88.S80
323,310 302.034 352,976
301.1391334,183 344,836
276,5941330.494 323.932
259 0501293,9^2 275.916
232.17012.80.927 247.849
1897.
1896.
71.155
58.571 105,967
49,884 97.497
41,009 113,993
58,548 94,566
37,090 GS.75J
44,912 65,456
53.123
43.279
38,487
30.693
19.759
1805.
The above statement shows: 1.— That the total receipts
from the plantations since Sept. 1, 1896, are 6,488,328 hales; in
1895-96 were 5,129,103 bales; in 1894-95 were 7,627,822 bales.
2. — That although the receipts at the outports the past week
were 48,689 bales, the aotual movement from plantations was
only 19,759 bales, the balance being taken from the stocks at
the interior towns. Last year the receipts from the plantations
for the week were 14,912 bales and for 1895 they w e r 1
65.450 bales.
O
v e r la n d
M
o ve m en t
fo r
t h e
W
e e k
a n d
S in
c e
Se
p t
, 1 .—
W e give below a statement showing the overland movement
foi in? week and since September 1, As the returns reach uf
by telegraph late Friday night it is impossible to enter so
largely into detail as in our regular monthly report, but alt
tne principal matters of interest are given. This weekly
publication is o f course supplementary to the more extended
monthly statements. The results for the week ending Apr. 9
and since Sept, 1 in the last two years are as follows
1896-97.
A p r il 9
Weak.
1895-96.
Since
Sept. 1
Since
Sept. l .
Week.
Shipped—
5,094
1,840
147
V ia C a i r o ....... ........................................ ..
v i a P a r k e r . . . ____. . . . . . . . . . . . . . .
V ia E v a n s v i l l e * . . . . ................ ..
3.128
1,016
1,263
8.445
2,464
475,126
247,868
15,227
2.584
125.804
128,238
111,408
1,690
3,055
2,186
12,496 1,106,255
T o t a l g r o s s o v e r l a n d ...................
J H d u ettk ip m en lt—
480,153
220,637
15.903
79
1? 0,9 47
87,535
80,943
18,440 1,006.197
3,905
172
1,473
291,650
4,086
35,14(3
11,500
58
788
T o t a l t o h a d e d u c t e d . . . ______
5,550
380,882
12,346
284,413
'• e a v lu it t o t a l n e t o v e r l a n d * . .
6,936
775.373
6,094
721,754
O v e r la n d t o N . Y „ b o p ,o n . A c .
B e t w e e n In t e r io r t o w n * ................
238,545
3,066
42.802
* I n c lu d i n g m o v e m e n t try r a il t o C a n a d a .
T h e fo r e g o in g s h o w n t h a t t h e w e e k ’s n e t o v e r la n d m o v e m e i t
th is y e a r
has been
6 .1 :1 6
b a le s , a g a in s t
6 ,0 9 1
b a le s
fo r
tl e
w e e k in 1 8 9 6 , a n d t h a t fo r t h e s e a s o n t o d a t e t h e a g g r e g a t e net
o v e r l a n d e x h i b i t s a n i n c r e a s e o v e r a v e a r a g o o f 5 3 5 3 1, h a l e s .
18S 6-97.
In Sin hi a n d Spinner**
Takings.
h i p o r t# to A p r . 9
N ot o v e r la n d t o A p r . 9 .........
Week.
_____
*
N n r t h ’ n * m n n o r » t » lC * f iir n
Apr.9.,
th e
w eek
4 3 ,2 9 5
57,967 4.880,881
6.094 721.784
17,000 619.000
70,57517,770.126 81,061 6,221,665
26,880 111,576 *13,055 248,227
4,3,695
........ 7,881,702
68,008
27,359! 1,453,902
16,713 1.411,529
It w ill b e see n b y th e a b o v e t h a t th e r e
d u r in g
Sinct
Sept. 1
Week.
46.889 8,357,753
(1,936 775.373
17,000: 637,000
......
##n®b#rn ronitimptJdo to Apr, 9«.
O w a # i n t o nucht d ttiin ir w e e k .
T o t a l ip itir lit A p r , 9 ....... ...........
1895-96
St nee.
Sept. 1
b a le s , a g a i n s t
sa m e w ee k o f 1890, an d th a t th e
6,469 892
h a s c o m e in to s ig h t
6 8 ,0 0 6
in c r e a s e in
b a le s
fo r th e
a m o u n t in s ig h t
t o - n i g h t a * c o m p a r e d w i t h l a s t y e a r i s 1 ,4 1 1 ,4 1 0 b a le s .
|vol, LX1V,
W eather Reports b y T e l e g r a p h .— Our telegraphic re
ports this evening from the South indicate that rain has
fallen in most districts during the week, and that at some
points the rainfall has been excessive. In Texas, however,
the precipitation has been light as a rule, but a cold wave
accompanied b y heavy frost is reported in a number of sec
tions hist night. In general, planting operations are back
ward. Further breaks in the levees in the Mississippi Valley
have resulted in an increase of the overflowed territory.
G alveston , T ex a s.— The cold wave o f last night extended
pretty much over the State. The temperature fell to 32
degrees at Amarillo this morning, and heavy frost is re
ported as fur as Abilene. This will check the growth of
cotton and probably do considerable damage in some sec
tions. W e have bad rain on three days of the week, the
precipitation reaching twenty-five hundredths o f an inch.
The thermometer has averaged 72, the highest being 81 and
the lowest 04.
P a lestin e. T exas.— There has been rain on one day of the
week, to the extent of six hundredths of an inch. The ther
m om eter has averaged 69, ranging from 53 to 86.
H u n tsville. T exa s - ™
the week,
inch.
The
aging 71.
D allas, T exas —The weather has been favorable for farm
ing pursuits. It has rained on two days of the week, the
rainfall reaching twenty-two hundredths of an inch. A ver
age thermometer 68, highest 88 and lowest 48.
b a n A n to n io , T exas. — W e have had no rain during the
week. The thermometer has averaged 72, the highest being
88 and the lowest 56.
L u tin g . T exas — Cotton is developing rapidly, but the cold
weather of Thursday will retard growth to some extent.
There has been no rain the past week. The thermometer
has averaged 73, ranging from 56 to 90.
Colum bia, T exa s.— Rain has fallen on tw o days of the
week, to the extent of twenty hundredths of an inch. The
thermometer has ranged from 58 to 86, averaging 72.
C u ero. T exa s.— Dry weather lias prevailed all the week.
Average thermometer 72, highest 88 and lowest 56.
Brei-han , T exa s.— W e have had rain on one day* during
the week, the precipitation being seven hundredths of an
inch. The thermometer has averaged 70, the highest being
87 and the lowest 53.
T o r t W o rth , T exa s.—W e have had rain on two days of the
week, the precipitation reaching thirty hundredths o f an
inch
The thermometer has ranged from 48 to 88, averag
ing 68.
N ea th r fo r d , T exas.— There has been rain on two days of
the week, the rainfall reaching tw enty-tw o hundredths of
an inch. Average thermometer 67, highest 88 and low
est 46,
N ew O rleans, L o u i s i a n a There has been rain on four days
o f the week, the rainfall reaching three inches and eightynine hundredths. The thermometer has averaged 71.
S h reveport. L ou isia n a . — The week’s rainfall has been
seventy-two hundredths of an inch, on five days. The ther
mometer has averaged 6-', ranging from 52 to 84.
C oltm h n s, M ississippi.— Farm ing op erations have been retarded by bad weather. There has deen rain on three days
o f the week, to the extent of one inch and ninety-three hun
dredths. The thermometer has ranged from 40 to 84, aver
aging 62.
Lei a na. M ississippi. —Telegram not received.
M eridia n M ississippi.— There has been rain on tw o days of
the week, and the thermometer has ranged from 52 to 78,
Planters are m aking fair progress with their work, except in
bottom lands, where it is delayed. On uplands some cotton
is up and the stand is good.
V icksburg, M ississippi,— W e have had rain on three days
of the past week, to the extent of one m cli and thirty hun
dredths. The thermometer lias averaged 68, the highest
being 81 and the lowest 48.
L ittle R i c k A karts s.— There has been rain on four days
of the past week, the rainfall being one inch and eightyfour hundredths. The thermometer has ranged from 46 to
75, averaging 59.
Helena, Arleans >s — W e have had rain on four days, the
rainfall reaching one inch and twenty-seven hundredths.
It is anticipated that the overflow will extend to the country
below Vicksburg next week. Average thermometer 60.
highest 76, lowest 48.
Mem-phis. Tennessee — Farm work has been delayed by
rain. The river is now thirty-five and ninety hundredths
feet on the gauge and falling. Thus far it has fallen one
and fifteen hundredths feet from the highest water mark.
* crevasse occurred at Flower Lake, in the Yazoo Delta on
Sunday,
I here is no further fear o f breaks north o f V icks
burg. The danger now is from Vicksburg south, Bain has
fallen on four days o f the week to the extent of one inch
and forty-eight hundredths. The thermometer has averaged
6(W . the highest being 75*2 and the lowest 50-4.
N ashville T ennessee.— The week’s rainfall has been two
inches and twenty-five hundredths. The thermometer lias
averaged 00, ranging from 46 to 74.
M obile, A la ba m a.— Fair weather prevailed the early part
of the week, but there were heavy rains again yesterday in
the interior. Planting preparations are considerably back
ward and m king slow progress. W e have had rain on four
days during the week, the rainfall reaching three inches
THE
A p r il 10, 18i*7.]
717
CHRONICLE
A l e x a n d r i a R e c e ip t s a n d S h ip m e n t s .— T h rou g h a r r a n g e
an d tw e lv e h un dredth s. The th e rm o m e te r has ra n g ed fr o m
m ents w e h ave m a de w ith Messrs. D avies, B en a ch i & C o., o f
58 to 81, a v e ra g in g 68.
M ontgom ery A la b a m a — F a rm w o rk is v e r y b a ck w a rd . L iverp ool an d A le x a n d ria , w e n o w receiv e a w e e k ly ca b le o f
W e h a ve had lig h t rain on six days o f th e w eek , th e p re cip i the m ovem ents o f c o tto n a t A le x a n d ria , E g y p t. T h e fo llo w in g
ta tio n re a ch in g sixte e n h u n d red th s o f ^an in ch . A v e ra g e are th e receip ts an d sh ipm en ts fo r th e p a st w e e k a n d fo r th e
corresp on d in g w eek o f th e p reviou s t w o years.
th e rm om eter 66, h igh est 75 a n d low est 57.
M adU on H o n d a — There has been rain on th ree d a ys o f
A le x a n d r ia , E g y p t,
th e past w eek , th e r a in fa ll b e in g th ree in ch es a n d sev e n ty
1895-96.
1894-95.
1896-97.
A p r i l 7.
h un dredth s. T he th e rm o m e te r has a v era g ed 75, r a n g in g
Receipts (oantars*)....
fro m 63 to 85.
85,000
28,000
35,000
This w eek.........—. . . .
S avannah, G eo rg ia .— ~W'e h a ve h ad rain on six d a ys o f th e
5,491,000
5,123,000
Since Sept. 1 ..............
4,483,000
past w eek , th e r a in fa ll r e a ch in g seven teen h u n d red th s o f an
T h is | S in c e
T h is
S in c e
T h is
S in c e
in ch . A v e ra g e th e rm o m e te r 67. h igh est 85 a n d low est 47.
w e e k . S e p t . 1.
w e e k . S e p t . 1.
w e e k . S e p t . 1.
A u g u sta G eo rgia .—W e h a ve h ad ra in on fo u r d a ys o f th e
w eek , th e p re cip ita tio n b e in g se v e n ty -fo u r h u n d red th s o f an Exports (bales)—
To L iv e rp o o l....... . 10.000 291,000 7,000 298.000 5,000 243.000
in ch . The th e rm o m e te r has a v era g ed 64, th e h igh est b e in g
To C ontinen t!......... 14.000 288,000 13,000 267.000 14,000 282.000
84 an d th e lo w e st 48.
Charleston, South C a rolin a .— There has b een ra in on five
Total E urop e......... 21,000!o79.000 20,000 565,000 19,000 525,000
days o f th e w eek , th e ra in fa ll r e a ch in g fo r ty -fo u r h u n d
* A cantar is 98 pounds.
fO fw h io h to America in 1896-97, 31,262 bales; in 1 8 95-9 6,5 1,10 6
red th s o f an in ch . A v e ra g e th erm om eter 66, h ig h est 82 an d
bales; in 1894-95, 35,665 bales.
t
low e st 49.
This sta tem en t sh ow s th a t th e receip ts fo r th e w e e k e n d in g
S tatebu ’ p, South C a roli >«,— P la n tin g is p rogressin g a c
tiv e ly . W e h ave h ad rain on th ree da ys d u rin g th e w eek , A pril 7 w ere 85,000 ca n ta rs a n d th e sh ip m en ts to a ll E u ro p e
th e p re cip ita tio n re a ch in g on e in c h an d s ix ty -fiv e h u n 24,000 bales.
d redth s. T he th e rm o m e te r has a v era g ed 62'7, th e h igh est
M a n c h e s t e r M a r k e t . — O ur re p o rt r e c e iv e d b y c a b le
b e in g 85 an d the low est 42.
to -n ig h t from M an ch ester states that the m arket is q u iet for
G reen w ood, South C a ro lin a .— T h e w eek 's ra in fa ll has b een both yarns and shirtings. Tne dem an d fo r I n l i a is im p ro v
th ree in ch e s an d n in e te e n h u n d red th s on five days. The in g. W e g iv e th e prices fo r to -d a y b e lo w and leave th ose
th e rm o m e te r has a v e ra g e d 60, ra n g in g from 51 to 90.
fo r previou s w eeks o f this an d la st y ea r for com p a rison .
. W ilson , N orth C a ro lin a .— There has been rain on tw o days
1897.
1896.
o f th e w eek , t o th e e x te n t o f on e in c h a n d fifte e n h u n
d redth s. T he th e rm o m e te r has ra n ged fr o m 32 t o 82, a v e r
8*4 l b s . S h i r t O o t V n
8^ lb s . S h i r t O o tV n
32« C o p . i n g s , c o m m o n M i d . 32s C o p . i n g s , c o m m o n M i d .
a g in g 63.
h o is t.
T w ist.
to fi n e s t .
T J p ld s
to f i n e s t .
T J p ld s
T he fo llo w in g sta tem en t w e have also received b y telegrap h ,
sh o w in g th e h eigh t o f th e rivers a t the poin ts n am ed at
d.
d.
d.
s. d.
s. d.
a.
d.
d. s. d. s. d.
8 o ’c lo c k A p ril 8, 1897, an d A pril 9, 1896.
414
33S3! 6 ’ 18 ®7l8 4 3 ^ 6 7
4 1 ^6 7
Mob.5
A p r.
New O rleans....... ....... A bov e zero o f gauge.
M em phis..............
Naslivllle..............
S hreveport...........
V icksburg............ .........A bove zero o f ifaufire
8. ’97.
A p r.
9, ’ 96.
F eet.
F eet.
17*7
36-1
407
23*1
49-6
12-7
27 3
41-7
11-3
34-4
J l'T t e B u t t s , B a g g in g , & c .— T rie m arket for ju te ba ggin g
has been in active d u iin g ihe w eek under review but qu ota
tions are unchan ged at 51^c. for \% lbs., 5 % c. fo r 2 lbs. and
fijjjc. fo r standard grades. C ar-load lots ot standard brands
are qu oted at 5J-gC. fo r \% Its ., 5^ jc. fo r 2 lbs. and 6-^e. for
2j^ lbs., f.o .b , at M ew Y o r k . Jute outts have be>n quiet at
1 l-16e. fo r paper qu ality, l -40c. fo r m ix in g and 19£c. for
b a ggin g, all to arrive.
I n d ia C o t t o n M o v e m e n t F r o m a l l P o r t s .— T he receip ts
and sh ipm ents o f c o tto n a t B om b a y have been as fo llo w s fo i
the w eek an d y e a r, b rin g in g th e figures d ow n to A p ril 8.
“ 12
«* 19
“ 26
Apr. 2
“ 9
oH
#>7*1
<35i6
6^3
6%
65is
®7:*i0
®73ie
©7316
®73m
4
4
4
4
o^ »e
0 ^ »C
0^ »6
0 is® 6
4 0 a>6
|S h i p m
96-7
95-6:
9 4 -5 ;
’ 93-4|
G rea t
B r iC n .
e n t8 th is w ee k .
{
S h i p m e n t s s i n c e S e p t . 1.
] Conti-I _ , , 1
ru n t.
T o la L
4 ,0 0 0 2 1 ,0 0 0 2 5 .0 0 0
4 , 0 0 0 1 4 7 ,0 0 0 5 2 , 0 0 0 ;
........... 4 0 , 0 0 0 4 0 ,0 0 0 |
............5 5 , 0 0 0 5 5 . 0 0 0
G reat
B r ita in
1
2 0 ,0 0 0 i
5 1 .0 0 0
3 ,0 0 0
3 6 .0 0 0
f
C o n tin en t.
_ , ,
T o la i-
3 3 8 .0 0 0
4 5 5 ,0 0 0
1 7 2 ,0 0 0
U 1 ,0 0 0 ,
R e ceip ts .
!
T h is
W eek .
j1
S in c e
S e p t . 1.
1896-97.
R e c e ip ts to A p r i l
G reat
B r ita in .
Calcutta—
1896-97...
1895-96...
Madras—
1896-97...
1895-96...
All others—
1896-97...
1895-96...
O o n tin en t.
6,000
8,000
T o ta l.
6.000
8,000
S h ip m e n ts s i n c e S ep t.
G reat
B r ita in .
C o n tin e n t.
1.
T o ta l.
5,000
9,000
32,000
38,000
37,000
47,000
6,000
10,000
14,000
7,000
20,000
17,000
4
4
4
4
4
43q
4 -3>6 8
4 1fl'®6 8*2 41332
43s
4 ^ ® 6 8 ^ 413^2
4
8*2 41333
9.
T h is
w eek.
S in c e
S ep t. 1 .
1895-96.
T h is
w eek.
S in c e
S e p t . 1.
S lo ck
1897.
18! 6.
177
34
82,424
10.367
6,696
427
6
73,954 1^,649
10,395 2,213
4,783 4,037
T otal............
2 11
99,487
433
89,132 18,899 10,023
Charleston, <to.
Florida. &o___'.
6,498
1,917
1,603
T he ex p o rts fo r th e w ea k e n d in g th is e v en in g reach a
tota l o f 1,92S hales, o f w h ich 1,928 bales w ere to G reat B ritain ,
— to F ran ce and — to Reval, an d the a m ou n t forw a rd ed ;o
Northern rnillB has been 497 bales.
B elow are the exp orts
for the w eek and s in ce S ep tem b er 1 in 1896-97 an d 1895-96.
fr o m
S h ip m e n ts f o r th e w e e k .
® 7%
®738
® 7%
®7Ss
Savannah. . . . . .
3 5 8 , 0 0 0 5 3 . 0 0 0 ! 1,020.000
5 0 6 . 0 0 0 8 7 , 0 0 0 I,
4(57.000
175,009 6 6 , 0 0 0 ! 714,000
x p o rts
4 7 7 ,0 0 0 5 8 ,0 0 0 ,I I ,
1 1 8 ,E0 C
0
A c c o r d in g to th e fo r e g o in g B om b a y appears t o sh ow
a decrease com p a red w ith last year in th e w eek 's receip ts ol
34,000 bales and a rite reuse in sh ipm ents o f 27,(10:1 balps, an d
th e sh ipm ents since Sept, i sh ow a decrease ol 141,010 bales
The m ov em en t a t C a lcu tta , Madras and oth er In d ia ports for
t h e last reported w eek and sin ce th e 1st o f S ep tem b er, fo r tw o
rears, has been as fo llo w s . “ O ther p o r t s ” c o v e r C eylon ,
T u tico rin , K u rra oh ee an d C ocon ad a .
» » l . 6718
6*3
33l32 6 I9
4
6I3
4 l 39
S ea I s l a n d C o tto n M o v e m e n t .— W e h a v e receiv ed this
(Friday) e v en in g by telegrap h fr o m th e v a riou s p orts th e
details of th e Sea Islan d c o tto n m o v e m e n t for th e w eek, The
receipts for the w eek en d in g to-n ig h t (A p ril 9) and since
Sept. 1, 1896, th e s to ck s to -n ig b t, an d th e sa m e item s f o i th e
correspon din g p eriod s o f t895-96. a re as fo llo w s .
B O M B A Y R E C E IP T S AMD SH IP M E N T S F O B F O U R Y F .R H
X -ea r
7
7
7
7
7
—
S’ vann’h, &o
( ;h »rl’t’n,<fec
Florida, <fco.
New Y ork..
H oston........
Phila., & c...
W e e k E n d i n g A p r . 9.
G rea t
B r iV n .
F r 'n c e
d ie .
T o ta l.
S in c e S ep t.
G rea t
B r iV n .
1, 1896.
F r ’n c e
d ie .
T o ta l.
N o r th ’n
W eek .
M il s .
S in c e
S ep t. 1 .
15,028
2,933
3,076 18,104
2,933
151
674
1,103
151 10,003
674 10,054
1,103 2,428
5,789 15,797
10,054
102 2,530
T ota l........
1,928
1,928 40,451
8,967 49,418
497 34,142
T ota l1895-6
815
1.005 36.643
6,198 42,841
465 36,653
190
371 25,526
126 1,920
6,690
.........
Q uotations A pril 9 at Savannah, fo r F lorid a s, co m m o n ,
8 c.; m edium fin e, 10c.; ob o ice , 13J^c.
(Charleston, Carolinas, m ed iu m tine, 17@17J^c.; fine, 18c.;
fu lly tine, 19@20c : e x tra fine, 28@33c.
H ig h W a t e r in t h e M is s is s ip p i . —T here have been fu rth er
breaks this w eek in the levees along the M ississippi R iver,
i'o b o
tw o c f w h ich , u n im portan t in exten t, w ere in Louisiana
1,000
about seven ty m iles b elow N ew Orleans. Iu Mississippi the
2,000
3,000
5.000
53,000
* 9.000
72,000 o v e tflo w has e x 'e n d e d ap precia bly aud the iuundated terri
3.000
1,000
4,000
11.000
49,000
38,000
tory n ow in cludes the greater portion o f the Y a z o o basin.
Total all—
Many tow ns are either largely under w ater or su rrou nd ed oy
1896-97...
2.000
9.000 11,000
129,000
30,000
99,000
it and com m u n ica tion w itn tbe outside w o rld cu t o ff. G reen
1895-98...
4,000
9.000 13,000
30,000
83,000
113,000
ville, Miss., a lth ough fu lly half under w ater, is cro w d e d w ith
T h e a b o v e to ta ls fo r th e w eek sh o w th a t th e m o v e m e n t from refugees. The levees in fron t o f th e city h ave thus far
th e p orts o th er than B om ba y is 2,000 bales less than th e sam e rem ained in tact, but m uch is feared fro m the w ater fro m the
w eek last year. F or th e w h ole o f In dia , th e refore, th e tota l breaks ab ove, and preparations have already been m ade to
sh ip m e n ts sin ce Sep tem b er 1, 1896, and for th e corresp on d in g float the residents o f the city aw a y in barges and b< ats if
p eriods o f th e tw o previous years, are as fo llo w s .
such a course be necessary. The relief com m ittees o f M em
phis an d oth er tow n s have don e m uch to alleviate the su ffer
EXPO RTS TO EU RO PE FROM A,
IN D IA .
in g ot the thousands w h o have been m a de hom eless b y the
1896-97.
1895-9b
1894-95.
flood, and at the suggestion o f the President Congress
S h ip m e n ts
to a ll E u r o p e
appropriated on W edn esda y the sum o f $200,000 fo r the like
T h is
S in c e
T h is
T h is
S in
S in c e
fr o m —
w eek.
S e p t . 1.
w eek.
w eek.
S ep t, k
S ep t. 1 .
purpose. The losses on live stock and buildings reach into
B o m b a y ......... 25.000 358.000 52.000 506.000 40,000 175,000 the m illions. B y telegraph this even in g w e are advised that
A ll other ports 11.000 129.000 13.000 113.000
8,000
94,000 there is n o fu rther fear o f breaks in the levees north o f V ic k s
burg, The danger is n ow in the territory from V ick sb u rg
T o ta l.. .
36,000 487,000 65,000 619,000 48,000 269.000 south.
THE CHRONICLE
718
B e c iu s o * * .— The following exchanges have been made
during he weex:
4 1 * 4 « e x e b . 7,'JOO M »y {o r Aus. l ■11 pd. to e x e h , 2,100 May tor Aug.
sxeh, 10,70(1 M »y 'f«r Au*, •00 pd, to oxeb. 5JO Out. for J :tu.
exch. 2,000 Juoft fo r Aug. j ■11 Oil. to oven. 400 May lo r Aug.
, t<t 1 , 700 Nov. for July* j ■34 p<l, to exoh. 100 Oct. for Aug.
ox els* l ,80© May fo r July, •.>3 !Hl. to ex eh . 30 0 Sept, for Aug.
i axoU. TOO (Jot. (or A uk. I 13 pd. to exch. 1.400 S«p (or May.
06 pd. to exeii. TOO J an. for Sept*
* exeh. 400 Nov, fo r Her.
„ „ 400
____M
__ay
_ ....
tor „Juuo . -07 pd. to o t oli. 3,000 Oct. fo r Jan.
i i .uoj !>f»e. for May. {*09 fid, to exch, 1,000 May for July,
up ;.-L to e t c h , 300 May fo r Ju ly, i -10 pd. to ex ch . 3.000 May for July.
.11 pd, to exult, 200 Ocl. tor Sent. *0t pd. t o tsxoh. 100 July lo r Aug.
.11 pd. to exefc. 200
tor May, I Eveu 2,100 Dot. for Nov.
SinP iH .sa N e w s , — T hu e x p o r t s o f c o t t o n f r o m t h e U n ite d
S ta te s th e p a s t w e e k , a s p e r l a t e s t m a i l r e tu r n s , h a r e r e a c h e d
51,75$ bale#. S o fa r as t h e S o u t h e r n p o r t s a r e c o n c e r n e d th e se
a rc t h e s a m e e x p o r t s r e p o r t e d b y t e le g r a p h a n d p u b lis h e d in
t h e GBRONICLK la s t F r id a y . W i t h r e g a r d t o N e w Y o r k w e
in c lu d e t h e m a n ife s ts o f a ll v e s s e ls c l e a r e d u p t o T h u rsd a y .
fV o L , L X I V ,
L i v e r p o o l , — By cable from Liverpool we have the following
statement o f the week’s sales, stocks. & o . , at that port.
'
Jfoft. 19
JfcA. 28. !
A p r . 2'.
A p r. 9.
Sales o f the w e e k ...........bales.
51.000
15.000
65,000!
61,000
O f which exporters took ___
2,4001
1,000!
1,200
1,000
O f which speculators to o k ..
1,5001
1,100
600;
1,000
Sales A m erican..........................
46.000
44.000
52.000
55.000
Actual e x p o r t..
7,000
6,000
6,000.
6,000
Forw arded.......... ......................
64.000
63.000
66,000,
68.000
Total stock—E stim ated.......... 1.349.000 ,349,000 1,.281,000 l, 273.000
Of which A m erican—Estlm ’d 1.179.000 ,184,000 1, liT.oooa, 134.000
Total Im port o f the w e e k ..___
30.000
69.000
11.000
66,000
O f which Am erloan...............
29.000
61.000
30.000
48.000
Amount afloat............................
128,000 101,000 101,000j
94.000
Of which A m erican...............
115,000
90,000;
90.0001
89.000
The tone of the Liverpool market for spots and futures each
day of the week ending April 9 and the daily closing prices
i f spot cotton, have been as follows.
T o ta l b a le s ,
Ne
S p o t.
S a tu r d a y M o n d a y .
T u e s d a y . W ed ’d a y . T h u rsd ’y . F r id a y ,
Y o rk —T o Liverpool, per steamer B oric, 1,380 upland
___
* ml 151 &•■»» Inland..............................................*.....................
To llu l;. per Hlcamor Buffalo, 3 ,3 0 0 ....... .
. . . . . ..........
3,306
Market, ( Hardett’e Harden^. l» buyers’ Harden1#, Easier. Harden’#
T o Havre, per steamer l,a Tourstlue, 30 upland and 151
favor.
1:45 v . M. ] tendency.
tendency.
We«t lndi,m — . . . . . . . . . . . . . . . . . --------- . . . . . . . . — —
181
To Bremen, per steamers Latin, 155,...M eo© m s!ia, 1,009.. 1,161
Mld.Upl’de.
4
4 i83
41 as
4
l
sa
41*2
41.13
To Hamburg, per steamer Dalmatia, 150......... ......................
150
To Antwerp, per steamer Noordlaud, 3 5 0 ................................
350
8,000
12,000
8,000
10,000
12,000
10,000
To Geoou, per steamer Oiive, 2 , 0 5 0 . . . . . . . . . . . . . . ..........
2,950 Spec. & exp.
500
500
500
500
500
l , ‘ >O0
To Naples, nor steamer C live, 100......................... .................
100
N ew O t L U U - T o Liverpool, per steameta (iallevo, 3,30a—
F a ilu r e s .
Jamaican, 0,233 .. Mavtelan, 5,050— Navarro, 4,200.
19,383
Quiet at Quiet at
Steady at Steady at Quiet at
M arket, \ l654
To Belfast, per »tt uer M aliu M ead, 051 ..............................
Steady.
1-04 de
6i @ 2-6i 1-<M% 2-94 l-Ot de
1-04 ad
advance. advance.
cline.
cline.
vance.
To H avre, w r steamer Carolina, 8,081 .................................. 8,081 1:45 p.
To Marseilles, per steamer SoarsiUle, 100.......... ...................
100
2,996
To Breuieu,per steamer Stratheske. 2 ,9 9 6 . . . . . . . ..........
Market, ? Steady.
Firm.
Steady.
Quiet.
Steady.
Quiet.
To Hamburg, per steam er CUeroskl i, 4 ,1 0 0 .........................
4,100
4 p. m, 5
To Rotterdam, i er steamer Vera. 4 0 4 ......................................
404
Q a l.' r s u m - I, Liverpool, per steam r Cuban, 5,913...............
5,913
The prices of futures at Liverpool for each day are zivt n
To Bremen, p< r steamer C«p*-lla, 5,6 69................................... 5,669 Oelow, Prices are on the basis of Uplands, Low Middling
To H a ul nrv, per atenmer V c e tU .............................................. — —
l o Copeolisgeu, per steamer Lancelot, 1,650.........................
1,650 clause, unless otherwise stated.
P k s s tco L A - To U v. rpool, per steamer A 'icla, 2,399................... 2,399
T h e p r i c e s a r e g i v e n i n p e n c e a n d 64 t h .
T h u s:
3 63 m e a n s
Savannah —To Bremen, p tr steamer Fulwell, 4,727..................
4,727 3 63-64 d . . a n d 4 01 m e a n s 4 1-64<J.
To Hamburg, per steamer Fulweh, 3J0...................................
3 o
Bat nr wick I •■Li vet pool per steamer W en efli Hall, 7 ,3 04.. 7,301
S a tn r,
M on.
T n es.
W e d . T U n rs.
rg, p tr steamer V edra, 540........................
850
A p r i l 3 to
B o s i o s - 7 , Liven ■“ i. t>er steamers Cuuibronan, 501 upland
A p r i l 9.
12*3 1 1 45 4 1:45 4 1 45! 4 ;1 45 4 1:45 4
are: 557 Sea telard . Ooiiuthla. 99 upland and 105 Sea
p it. P M. P M. P M. P M. P M. P M. P M.P M. P M. P.M. P. M.
Island__ Lntieiirttian, 6 4 2 ... O lto m a n .7 7 2 .......................
2,646
BAUIM ohk —To Liverpool, per steamers Ikbal, 318 upland and
i
d.
d.
d.
d:
rf,
d.
a.
ri,
d.
i. | i.
1 15 s, a Lsiand___Y edam ore, 751 upland and 1,441 Sea
Isla n d ........................................................
2,625 A p r il......... 3 60 3 61 3 62 3 63 3 62 3 62 3 63 3 83 3 62 3 62 3 63 3 63
A
urilM
a
y
.
62
61
62
3
3
63
3
62
3
62
3
60
61
3
03
3
3
62
3
3
63
3
63
T o H avre, p er steamer M assapequa, 2 4 5 ....................... .........
245
3
T o Bremen, per steamer HuUbt l,r>B3 ....... . .......... .
1,693 M ay-Jnne., 3 60 3 61 3 62 3 63 3 61 3 62 3 68 3 62 3 61 3 62 3 63 3 82
3
3
62
3
63
3
62
3
00
i
3
HI
61
63
3
62
3
61
Jnne-Jaly..
3
3
3
62
3
62
HI
Ban Francisco —T o Japan, per rtoauier C optic. 1,475........
1,476
Ju ly.-A u g .. 3 60 3 61 3 62 3 63 3 61 3 62 3 6 * 3 62 3 61 3 HI 3 62 3 62
59
58
3
60
3
3
59
59
Aug.-Sept.
3
61
60
3
61
3
60
3
3
3
,3 59 3 60 3 60
T otal —
___
81,75 s
3 52 3 53 3 54 3 55 3 54 3 54. 3 56 3 5 5 3 51 3 « 3 55 3 55
The particulars of these shipments, arranged in our USUa 1 Scpt.-Oot...
O e t-N o v ... 3 48 3 48 '■> 50 3 50 3 49 3 50 3 50 3 49 H 43 3 48 3 49 3 -49
form , are as follows.
Nov.-Deo... 8 46 3 46 3 43 3 49 3 47 3 47 3 48 3 47'3 46 3 16 3 47 3 47
O th er
B r e m e n O th er
D eo.-Jan... 3 45 H 46 3 47 3 48 3 47 3 47 3 47 3 47,3 46 3 46 3 47 3 46
fa n .-F eb ... 3 45 3 46 3 47 3 48 3 47
L iv e r - U n ite d
<£■ H u m ,- X o r i h S o u t h
47 3 47 3 4 7 3 46 3 46 3 47 3 46
3
Io ta .
p " o l. K iiitid F r n a r e . b a r u E u r o p e .E u r o p e . J a p a n .
Feb.-M cli...
Ri.tr York. 1,537
1
3,308
(S l |
,3U
350 2,153
1,3
11
3,844
N. O rleans 19.38s
664 8 , 1 9 1 7,09
--------1
404
35,718
Gklvuston., 5,913
5.669 1,650
13,232
Boasaooia,. 2,39r
2,399
B R E A D S T U F F S .
Bavsnnai,.
5,02 7
5,027
Bran* wick. 7,304 .........
7 .3 0 1
F r id a y , April 9, 1897,
N orfolk___
550
550
2*843 ..**".'
Boston----2,640
The market for wheat flour has continued in a very tame and
Baltimore.. 2,625 ........
245 i*.6*9*3
4,563
Ban F ran..
1,47 5 uninteresting position. Buyers, ow ingto thedecline ia wheat,
1,475
_n r
Total.— 41,807 3,960 8,607 21,319 2,104 2,156 1,475 81,758
Below we add the clearances this week of vessels carrying
ootton from United States ports, bringing our data down to
the latest dates:
O alvsvpos —To Sint.Chester—April 5 -S team er Sirona, 6,644.
To H am bu-g—April 7 —Steamer Feroula. 743.
N ew Os i .k a s s - T o L iv e rp o o l-A p ril 8—Steamer Mexloau, 4,347
April 9 —Steamer* Holbein, 2.900s Navigator, 2,124.
T o Htetueu April 3 - - trainer Nothertleld,6,5 j 5 ...A p r il7—Steamer
A frica, 5,300,
To Oopenlmgen—April 0 —Steamer Lioatakken, 678.
P * s <acoi.a - T o Vera Crux - A piii 3 -Steam er Uto, 300.
Ba v a s s a h —T o B a rcelon a-A p ril 5 -Steam er Elwtck. 6,378,
i - t Feter.iburg -A p ril 7 -B a r k Ruthla, 5.301.
s—To Breim
m Branfoot, 6,560.
■ Lambert’s Point, 505
To Hambur*—April 6 —Steamer Pina, 500.
B o t r o s —1 ° L iven nu t-A prll 2—Steamer Pavoula, 1,083 upland and
117 .-«■» t-i im l... April 6 -S team er Kansas, 745.
B altim ore ;TO Liverpool—March 31—8 /earner 8o t e n u r e , 799 upland
and 19/ 8 e » telaiid,
F iiila d e u t u j , - T o L iverpool—April 2 —Steamer Waealand, 252.
Cotton freights at New York the past week have been
as follows.
8a t u r .
Liverpool,*
Ho
...
t»i.d.<■ 17%}
r i* « .
W ed n es.
T h u rs.
F r\
I7**f
17%t
17»at
17'at
....
....
301*
—**
251
•*»
251
•*»*
301
fe l&*
301*
•»«*
251
301*
17'at
....
30i*
25*
....
251
....
30*
251
,..,t l
H a rm .. . . . .
1 301*
Ho
Bremen...
rf
...tid
Ho .. . .
Ham Irtlrg. . . . .. . .4.
Ho
. . . . . . .ft.•1
A m sterdam ___. . .
B evel, v, Hatnb.,4
Bo
M on.
V. HuU...rf
25}
»***
301
Bareclntu*........... a.
Q u ito ,. . . . . . .
, 2 %4 2fM m m m
Trieste...............ri ; 35}
35f
A ntw erp . . . . . . . . . 4
■*4
HbnnLv.Antw'p./t.i
..
I Cell! s net
251
301
hn
25*
- ....
251
*•*»
301
25128
*18
310
2 i # 2 9 l 28A2D1 2 8 * 2 9
351
351
351
"m
%
30i*
251
SOI
35tis
3ie
2S®29i
351
«8(
>>N
have practically withdrawn from the market, their bids being
too far below sellers’ ideas to admit of business, although the
latter have lowered their prices somewhat. City mills have
sold slowly and prices have weakened slightly. The demand
for rye flour-has continued quiet but no changes have been
made in values. Corn meal has h id very little call and prices
have weakened slightly in sympathy with a decline in corn.
There has been an active sp:culation in the market for
wheat futures but it has been at a sharp break in prices, the
decline for the week amounting to 5Vs961iC. Saturday
there was a slight advance in prices on buying by a few
shorts to cover contracts. Monday the market started on its
downward cours*. Foreign advices were weaker and this
promoted liq tididag sales, uidor wnich prices declined
l@ lj'g c. Tuesday there was a furthsr break of \i '(?>T;», c. in
prices under continued selling by longs.
Wednesday the
market was particularly heavy. Foreign advices were de
pressed and there was a general rm h by longs to liquidate.
Stop orders were reached as prices declined and this added to
the weakness. The close was at a decline % % § }l£ c , Thurs
day there was a steadier tone to the mirket. file liquidation
by longs appeared to ba about over and foreign advtoas came
stronger, accompanied by buying orders. Taere was also a
better export demand and at the close prices showed an ad
vance of % @ \ c . To-day the market was again depressed.
] There was further liquidation by tired longs and foreign ad
vices turned weaker. The close was at a d iclia eo f
aj3c.
for the day. In the spot market ahipp rs were moderate
buyers at the closs of the week at ths decliie in prices. The
sales to-day included No. 1 Northern at
f o. b.
afloat and No. 1 Manitoba on private terms. N o. 3 hard
winter was quoted 7 !j| c . f, o. b. afloat.
OAtLV Ol/Oalfto PttlOBS OF SO. 2 RED WINTBtt WHEAT.
S a t.
..
April datlvery................. c.
May d stivery,. . . . . . . . .. . c . 7 7 ;ia
June delivery............... o, 77* b
July delivery........ — o. 76%
September delivery___ e. 735,
M on.
....
75 q
7513
7 4 7g
72-lt
T u et.
.. .
7618
74*
72
W ed .
t .
72
71%
7m
6 9 t8
T h u rs
73%
73
72%
72%
70%
F r i.
71%
70%
70%
83%
THE
A p r il 10, 1897.J
CHRONICLE.
The speculative dealings in the market for Indian corn
futures have been slightly more active but at lower prices.
The weakness has been in sympathy with the depression in
wheat and in Response to weaker foreign advices, To-day the
market was weaker, prices declining
in sympathy with
the break in wheat. The net decline in prices for the week
islj^@ l^gc. In the spot market only a limited volume of
business nas been transacted, as shippers have had compara
tively few orders. The sales to-day included No. 3 mixed at
28c. in elevator and No. 2 mixed for early delivery at 30@
30J^c. f.o.b. afloat.
DAILY CLOSING PRIOBS OP NO. 2 MIXED CORN.
8 a t.
A p ril...........................
May d e liv e ry .......... .
Ju ly d e liv e r y ...........
September delivery.
30*8
30H
3158
32'8
M on.
T u .e s .
W ed .
T h u rs.
29%
29%
24**
31
32%
28%
28%
3038
31%
29
29
30*fl
32
2 9 \
31%
32%
231*
28%
30
31%
719
The current demand from the home trade for brown sheet
ings and drills has again been indifferent. Drills are firm
but sheetings irregular. Few bids coma forward for quan
tities for future delivery. The export demand has been on a
quieter scale than of late. Bleached shirtings continue quiet
in all grades but are without change in quotations. Wide
sheetings generally well sold, despite the fact of the “ At
lantic ” going to auction next week. The Canton flannels
business has been moderate and will hardly make further
progress until after the auction sale. Most of the business
done up to date has been on memorandum, and auction prices
will be a potent factor in determining values. Cottoa
blankets quiet at previous prices. In coarse, colored cottons
the market has ruled dull without prominent feature. Kidfinished cambrics and white goods inactive. Fancy prints
and specialties have been in quiet demand for limited quan
tities. Indigo blue3 and black and whites are steady, but in
shirting prints an incidental decline of
per yard "is noted.
Gingbams dull throughout. Napped fabrics in fancy dark
work in fair request. Print cloths have ruled inactive but
steady in regular cloths, but there have been fair sales of odd
goods with a generally easy market.
Oats for future delivery have continued quiet but prices
have gradually weakened during the week in sympathy with
the depression in other grains, the net shrinkage in values
for the week amounting to 1c. per bushel. To-day the market
was dull and J^c. lower in sympathy with the decline in corn.
In the spot market only a limited volume of business was
transacted, as shippers have been out of the market, and de
S to ck , o f P r i n t C l o t h s —
mand from the home trade has been only moderate. The A t P rovidenoe, 64 squares.
sales to-day included No. 2 mixed at 22c. in elevator and No. 2 At Fall R iver, 61 squ ares..
At F all R iver, od d s iz e s ....
white at 21c. in elevator.
UA1LT OLOSING PRIOBS OP NO. 2 MIXED OATS,
S a t.
M on.
Tues
W ed .
T h u '- t .
21%
21%
21%
21^
22%
22
21%
____
May delivery................. o. 22
July delivery................. 0. 22%
1897.
3.
A p r.
T ota l stook (p ie o e s )....
1896.
4.
230.000
728.000
528.000
1895.
A p r . 6.
127.000
66,000
121.000
209.000
320.000
76,000
1,486,000
314,000
605,000
A p r.
1894.
A p r. 7.
F r i.
21
21%
* By agreement am ong tbs oloth brokers no detailed statem ent o f
tbe print clotb m arket is made public.
W o o l e n G o o d s . —Tbe attendance of buyers in the woolen
Bye and barley have been in fairly good demand but at
lower prices.
and worsted goods division of the market has bsen limited
The following are closing quotations :
during the week, and in men’s-wear fabrics business has kept
within moderate dimensions. The demand has been fairly
PLOUB.
F in e ..—...........
bbl. $2 0 0 * 2 70 P atent, w inter....... . $4 4 0 * 4 60 distributed over plain and fancy lines in both low and high........... 2 2 0 9 2 95
4 70 »
grade goods. The general tone is distinctly firm, and where
Extra, N o. 2 . . .
3 25 R ye floor, superfine.. 2 2 5 * 2 60 agents have worked into good shape with their fall produc
E xtra,N o. 1 . . . ........... 3 25 » 3 60 Buokwheat flo u r .....
....* ....
tion they refuse to accept further orders at opening prices.
C lears...............
4 00 Corn m eal—
4 20
Western &o............ 1 70 9 1 75 Clay worsteds are from 7% to 10 per cent dearer than a little
Straigh ts.........
1 80
Patent, spring .......... 3 75 9 4 15 I B randyw ine............
while ago. The dress goods departments also show an up
[W heat flour In sacks sells at prloes below those fo r ba rrels.)
ward tendency, and advances of 5 to 10 per cent are quoted in
GRAIN.
serge, saokings, broadcloths and low-priced all-wool suitings.
W neat—
Corn, per bn sb—
c.
0.
00.
No advances have been made in fine fancies, but sellers are
Spring, p e r b n sh .. 75 * 81
West’ n m ix e d .. . . . . 27 * 31
Nominal.
No. 2 m ixed ........... 28% ® 30i* firm on these. Overoatiags and cloakings sell fairly in a
Red w inter No. 2 ..
Red w in ter............ 74 * * 0
W estern y e llo w ... 29 * 31
steady market. Business in fimnels has been moderate, but
Northern, No. 1 ... 7 8 1e® 7438
W estern W hite___ 28 * 31
sellers ar; not easy to deal with. Blankets are quietly firm.
Oats—M ixed, per bn. 20 * 23% R ye—
W estern, p er bush. 37 * 41
W hite...................... 21 * 29
F o r e ig n D r y G o o d s —Business in foreign m;rchandise has
No. 2 m ix e d ....... .. 22 * 23
State and J e rse y .. 37 * 41
been restricted to a great extent to such as canuot be affected
24 * 25
No. 2 w h ite ..........
B arley—W estern___ 37 * 47
by the Tariff bill should it pass in its present shapi. There is
F eeding....... .
32 * 33
little disposition on the part of either sellers or buyers to con
W F o r o t h e r t a b le s u s u a lly R iven h e r e se e p a g e 6 9 5 .
tract for imputations. The general tone is quite firm.
I m p o r ta tio n * a n d W a r e h o u s e W it h d r a w a ls o f D ry G o o d s ,
THE
DRY
GOODS
TRADE.
1.
W eek.
S in c e J a n .
46
9
54
5
468
40
250
42
129
546
93
552
1,209
16,953
2,447
5,064
3,801
3,629
760
2,315
12,354
926
61,078
8.750
1,688
50,010
11,162
T otal.................................. 2,417
69,828
* From New England m ill p oin ts d irect.
1,688
Great B ritain____________ _
Other E uropean....................
China ......................................
India................. ......................
Arabia................................... ..
A frica ......................................
Went In d ie s ......................
M sxloo...........................
Central A m erica............... .
8outh A m erica.... ..............
Otner Countries....................
T ota l..................................
China, via V a n cou ver*...,
W eek.
S in c e J a n .
53
17
1,463
1,243
22,590
992
6,859
3,093
4,555
645
1,882
16,404
1,352
150
2
139
39
173
1,818
26
2,417
1
j
j
....
H
o
E
s
n
0
1
e#
Bi
*o •
s
s& F gt&
i i i n l
O• « • ■ H
p : : : : ®
a•
, •
, •
•■
• |
O' to
?! T
o o ! CO>-•#-H
© tO© X —
- !
w ! © CO X O’ MW©
CO CO
CO
©#-©CO
CJI c>© © -j © © »
-O—O*COCO
CQ‘J* © tc o* © to
<1
u
W »“ p p
VjV ocoh
O COO*>*•CO
•*435 © © CD© ©
—to
pc*
©© to © CDToO'
CO ©CO to © CD-4 ©
o* ©co
1.
61,172
The value of the New York exports for the year to date has
been $2,514,103 in 1897 against $2,333,198 in 1893.
s
© "*4tO 1
#!c
w
CD u; o»
tO©
CO CO©
—
yio* coxoo
—
<10 —<1#rf*too*©
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o» COCO0*it-
a «,
to
p o p W*-tOjOX
o* cj»©
CXI
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to
b*
<x>
O*
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——<u
© CO
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tf
K
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p
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ra
2.H
•to I
1 H:
3
T o ta l ........
1896.
1897.
N e w Y o r k to A p r i l s .
The importations and warehouse withdrawals of dry goods
at this port for the week ending April 8, 1897, and since
January 1, 1897, and for the corresponding periods of last
year are as follows:
T ota l ........
nt’ dforoonsi
New Y o r k , Friday , P, M., April 9, 1897.
The most important feature of the weak comas at the ex
treme close in the announcement this morning of a large
auction sale of cotton goods to be held on Wednesday next.
The bulk of the offering (19,530 packages) is made up of domets and Canton flannels, in which the business for fall is
just opening up, and upon the general price of these the sale
cannot but exercise an important influence. The only other
goods in the sale are 4 4 and wide sheetings, brown and
bleached. Apart from the foregoing the cotton goods mar
ket has not presented aDy change of moment. The day-today demand has ruled moderate in all directions and has
been readily met at previous prices in both staple and fancy
lines. The woolen and worsted goods division of the market
shows a firm tone generally prevailing, with plain and lowgrade dress goods occasionally advanced 5 to 10 per cent.
The foreign market is still in a dislocated condition for all
forward business. The jobbing trade here has been quiet and
the Mississippi inundations have had a bad effect on business
in Ihe sfflicted districts. Collections less favorable than of
late.
D omestic Cotton G oods—The exports o f cotton goods
from this port for the week ending April 5 were 2,417
packages, valued at $98,831, their destination being to tte
points specified in the tables below:
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THE CHRONICLE,
720
[ V o l . L.S.1V.
a d d ‘ ‘ d . :>■ d ire fe e l j u s t i f i e d i n s a y i n g t h a t i t is a b e t t e r
corresponding mont h o f I a s i y e a r a n d w i t h ^ 1 2 ,07 0 ,4 = 7 7
February of the present y e a r . In our ,S t a t e a n d
C i t y S u p p l e m e n t o f to-day w e r e p o r t the total s a le s
for March. 1897, as $12,079,304, but since that v o l u m e
has gone to p r e s s we have received reports of addi
tional sales to the amount: of $205,000, which accounts
for the apparent discrepancy.
Wo omit from our table various short-term loans
made in anticipation of the* collection of taxes, as for
instance the two temporary loans of 81,000,000 each of
the City of Boston; the loan of $50,000 of Norfolk
County. .Mass.; the $20,000 loan of Watertown,
Mass., etc.
Among the noteworthy sales of the month was that
of $3,051,000 of Cincinnati 3*05 per cent 40-vear bonds
at 102MG7; $1,550,000 of Providence, R. I., 4s of 1927
at 113-03 to 115-50, and §929,333 97 of Now York City
3s of 1910 at par. Other large sales were ; $018,000 of
Queens County, N. Y ., Is of 1917 at 106-03 to 107-66 :
$472,500 of Turlock Irrigation District of California
6s of 1903-1913 at 9 0 ; $350,000 of Indianapolis, Inch,
4s of 1927 at 106-71 and $314,000 of Quincy, 111., 44s
of 1911-1917 at 100-343.
In the following table, we give the prices which were
paid for March loans to the amount of $11.301,909
issued by 70 municipalities. The aggregate of sales
for which no price has been reported is #982,400 and
the total sales for the month #12.284,309.
In the
am i
ca se o f e a ch lo a n
8 t /* t £
/w d
C it y
TERM S
Of
D e w
i w
,
t i t
SUBSCRIPTION.
StfPWJtMKXT w i l l Its f u r n is h e d tn'hnut
,e r v a n n u a l s u b s c r i b e r o f th u COMMERCIAL
Th<
■■■
AND F l!
* x tm
i Crrv St’ RPLKMEXT will also be ftirnishei)
‘■<j> to *■t -tv subscriber of the C hronicle ,
u i w a y SUPPLEMENT will likewise be f o »
r/ri ch ttrfu - to every subscriber of the
The f
U fitk a H t
Th.- :
C hic” ' i
Tbv<j
I
tu m ia X b
SUPPLEMENT. issu e d m o n t h ly , w ill a ls o be
ex tra
c h a r g e t o e v e r y s u b s c r ib e r o f th e
C nx“ M
TEB.S
for th • C h r o n i c l e w it h t h e fo u r S u p p le m e n ts
Ten Dollars within the United States and
<d ;
x to w u
T w lv < p o s t s *4>•
■liar' iis Europe, which in both eases includes
T e r n s at A d v e r i i s i -g*— ( P e r in c h s p a e .)
OK,'
...................................$:t 50 ! Three Months (13 times* i$25 00
One Mm;: >'.
liKtw*).. U oo Hi* lOOtitUs
c.H tint.-*
OO
TVu
i > tint*'*) , \B
I T\ve!v« Months 0 2 tittle*}. 0 8 Ou
The
•, i iu- (,ir one month anti upward* are far statuliuK citrus.
on ;
state
a x o
city
—a
su pplem en t
X E II' x r M HER.
Wnli : us issue of the C hronicle we give our sub.
la t e s t
d a te -.
ta in e d
To
in t h e S
fu lle r
th u s
m
. w it h a ll t h e s t a t i s t i c s c o l l e c t e d
plem ent
> C
Su p
it y
d o w n to th e
t h e c i t i e s , t o w n s , e t c ,., a l r e a d y c o n
upplem ent
. 2 8 0 n e w p la c e s h a v e b e e n
n u m b e r th a n a n y p r e v io u s ly is s u e d b y u s—
fu d d lin g
m a k in g e f d i
th e a im w ith w h ic h w e s ta rte d
s u c c e e d in g
num ber an
ou t, o f
;ii<- v a r i o u s
Si
p p i.e m e x t s
is s u e d b y n s a n d
n w id e r
r ih e r s c o v e r s
X
An n
e ls e
can su ch a
a n d st.-Hi A c s r e f i n i n g t o S t a t e
and
a ita >
tim e
or
be.
fi.*
a,
:j
'( In
■rare
fo u n d .
m oney
p e r fire '
in
is
fie ld o f
u se fu l*
is
th e
e ffo r t
E i eg fit'id
m
S ca rce ly
p la c e w h e r e
o b ta in e d
nr
fo r
In
p la c e -
;; *rus
h ew -
s o u r c e ,—
to
iie
m any
a ll
of
th e
be
d e is ’.i.'- ,
g r a t iii-S
fro m
one
have
been
S ta te s
have
th a t
t h e r e is
not
been
th e
th e
s m a lle s t
several
d iffe r e n t
d e p a rtm e n t,
it e m s
each
th e
N ew
fr e q u e n tly
even
fro m
u n r e m ittin g
in
in
and
W h a t th is m e a n s
fro m
o th e r
g e t a ll t h e f a c t s
u,
W estern
fo r
procu red
del.it
Wc*.
a p u b lic a tio n to
th e se
say
as n e a r ly
c o m p le te
d e ta ils
in fo r m a tio n
Vitim-* l r e m a n o t h e r , a n d
p a r t m e n t - ;.
su ch
v e r y la t e s t d a t e s .
of
in fo r m a tio n
m a k e it
M id d le
w ifi o e ,t j u r fi - i i i i c i ! w ln -n w c
r a r io n -
to
e x c e p tio n a lly
.M id d le ,
;h ,.
m ass o f
m o l m u n ic ip a l fin a n c e s
A n d w e h a v e s p a re d n o la b o r ,
th e
p o s s ib le
w ork
•:
case,
a ssessed
o th er
in
and
de
our
en -
we
fe e l
i h 'm k t h a t in t h e v a s t m a j o r i t y o f i n s t a n c e s
o u r c f f .e e . h a v e m e t w ith s u c c e s s .
th e
s lu m
;-
p r a c tic e
a n oth er
*h ''
' 1
n u *?lM,s
‘ - s t,
A
!-"r
in a u g u r a t e d
n um ber
in
th e
of
th e S
case o f
a,
ex pond it cie-,
la s t
year,
m a n y ite m s o f
we
next
upplem ent
in fo r -
v a lu e s , ta x r a te s , r e c e ip t s a n d
w h ic h
are
o n ly
c o m p ile d
a n n u a lly )
it
!••>- ib:<‘ t o g i v e a n y l a t e r f i g u r e s t h a n t h o s e
o o n t a i i . . A :n t h e p r e s e n t n u m b e r .
h
e
n
r ,
*:
o
f
h r o n ic l e
m
u
n
i c
\ !A
i p
a
H i
l
t s o
x d
s
a
l
e
s
i
x
7 /.
••nr ii- yu montbiy compilation of nmnicijtal bond
iMilc* slio.'re tlmt the total amount of new securities
mar.Ure binug Mareb. 1*H?. ww- $12,284,309. This
amount •
b, compared with #4,219,027 for the
r e f e r e n c e is m a d e t o t h e p a g e o f t h e
w h e r e a f u l l a c c o u n t , o f t h e s a le is g i v e n .
M arch B ond
P age.
n e s s - - . i f i e l d , t o o . w h i c h is o c c u p i e d b y n o o t h e r p u b l i c a
tio n .
C
im p r o v e m e n t o n
it * p r e d e c e s s o r .
N U'
fo r
L o c a tio n .
R a te.
0 7 4 ..AnOrttseogirm Go., Me.
5 7 8.. Buy City Union School
District, M id i............
5 3 2 ..BdrittiT. N'. .1...........
•1- I Brad ford. P a,.............. .
5 3 2 ..Buffalo, N. Y .................
5 3 2 ..Buffalo, N. V ............... .
5 3 2 ..Buffalo, >L Y , . . . . . . . . . .
5 h2 .. Buffalo, X. Y .................
532.. Burlington. X. ..........
532,.. Hitr instiin, N. J ........
02S. .Canton, <iltio. ..............
(574. Cincinnati. Ohio - .* -..
4 - 1 ..C dum lm s,O io ....... .
481 ..Otilumiins, O h io ,.- ...,.
•81. -CtdimibiiSw, O h io..........
4ni _.Columbus. O h io .. . . . . . .
I - 1 ..C o nininis,Oli’o . ...........
481. .f hlnm hns, O h io............
532. .Doiuinims. Ohio. — .. .
07-1..Delhi, N. V ....................
■532.. hcutoil C ounty, T e x ..
5 7 8 ..East (-lieatei, N. V .....
57* - - Bust Coester. X. Y-----.>78..Essex County, N. J ...
4*1 . .Fall E v e r , M ass.. . . . . .
5 7 0.. a remida. Miss___ ____
0 2 8 ..H hrtford, C onn---- . . . .
5 7 9 .. Hartford South School
District, Conn............
07 4 .. naughville. 1ml..........
5 3 3 .. Haverhill, M in s ..........
0 2 8 .'.Holden, M o...................
579. .H olyoke, M a ss......... .
5 3 3.. O nlyoke, M ass.............
074.. Honey Omsk, tnd........
0 7 4 ..Indianapolis, In d .........
579 Knoxville. Torn)..........
075 .Lancaster, N. H ..........
5 3 3 ..Law rence County, O ..
5 7 9.. Leo County, A la ..........
722 .Leicester, Mass............
0 2 9.. Lynn, Mass — ............
0 7 5.. Luzerne County, P a...
6 7 5 ..Luzerne County, P a ...
6 7 5.. Luzerne County. P a ...
675.. Luzerne County, P a ...
675. .Luzerne County. P a ...
6 7 5.. Luzerne County, P a ...
6 7 5.. Luzerne County, P a...
6 -5 . Luzerne County, P it...
075 I,!i7,. rue County, P a..
075 . Luzerne County, Pa. .
075 Luzerne County, Pa
6 7 5 ..Luzerne County, Pa. .
432 MadisonS It. M ot.N .J .
075. .M ahoning, County, 0 ..
5 3 3 .. Mia'nlslsurg, O hio.......
4 - 2 ,. Ml *10Jet own. N. Y . . . . . .
675 Mf, Vernon. X. Y ........
4 *2 . .Miudchurttiu Co,. O h io..
4 8 3 ,,Nau&atuek,( omi . . . . .
075 . Y e w - Brnnsw idt,-X. .J..
.*•70.. Notv Rochelle Botiool
llistijot No. l.N . Y ..
629. .New Y ork City. N. Y ..
463 Niles. O hio....................
075 . ,Xo. Hf-Tdits(osid, X . Y .
0 7 5 ..Norwood, O h io .... . . . . .
** Average.
4
bales.
M a tu rity .
A m o u n t.
1907 1916
$30,000
5
1899 1900
5
1901-1917
4
1907*1927
F eb. 1, 1917
3
3*2 Feb. 1, 1917
HL, Feh. 1. 1917
KL Fe1). J . 1917
n
3'65
4
5
5
5,
6
54
4
5
-t
4
4
4
0
3%
4
4
5
4
3-05
5
4
5
4
5
6
4
4
4
4
4
4
4
4
4
4
4
4
4
4
5
5
0
■I*s
4
5
4
4
4
a
fi
4
5
1S98-1900
Fell. 1. 1937
1910
1908
1902
1901
1902
1911
1917
1914
1907-1937
D 03-1910
1-98-1903
1907
Mar. 1. 1907
1917
19071927
Mar. i. 1907
1902-1017
Mar. I, 1017
1897
Jim. 1, 1927
1907-1937
1900 1915
. . . . .......
1902-1908
1907
1907
1906
1005
1904
1903
1903
1903
1902
1001
1901
1900
1899
1017-1925
1900 1909
1 8 9 -M 907
1898-1902
1919-1921
Mar l. 1919
1907
May 1. 1922
1903-1927
Nov, 1. 1916
1897-1920
Mar. 1, 1917
Aw ard
104*8975
10,000 101-41
85,000 100
22,500 101*39
§0,000 102*385
50,000 102*345
50,000 102-185
44,687 102*165
6,500 101*25
1,800 101*10
13.100 103*60
3,654.000 202*167
904*00 101*936
50,000 10 **402
1U 00 104*7462
9,000 10 *027
4,000 109**25
1,500 111*6666
47.000 111**75
60.000 103 29
82,000 101*5273
30,000 102*22
5.520 103*29
140,000 102*33
150,0*0 104-678
40,000 100*25
270,000 103 219
50,000
9.000
66,000
12,000
109,000
50.006
■ 20.000
350,000
50,000
30.000
6.000
25,000
22.200
60,000
10,000
10,000
10,000
10,000
1,000
i.o o o
8,000
10,000
500
9,500
10,000
10,000
15.000
47.000
10,3*0
14,600
20,000
2\000
50,000
151,000
103*35
100
103*77
100
107*739
100*003
100
106 71
106*25
102*426
101*26
102*25
100*50
104*011
105*500
104*750
101*875
104*125
104*625
101*875
104*500
103*625
102*875
102*600
101-875
101*500
108*15
100*4361
107
101*25
105*70
113*254
101*20
100
101,000
029,333
10,000
56.000
ft .000
104*949
100
lo o
101*57
108*72
THE
A p r il 10, 185)7, |'
P age.
L o ca tio n .
R a te.
6 7 5 ..Pickaway, Co., O h io ..
6 7 5 .-P ort Huron. M ich.......
6 2 9 ..P rovidence, R. I ..........
6 2 9 ..Providence. R. I ..........
6 2 9 ..Providence, R. I ..........
5 3 4 ..Quaker Citv, Ohio.......
6 7 5 ..Queens County, X. \
6 7 5 ..Queens County, X , Y . .
6 7 5 ..Queens County, X . Y ..
6 7 5 ..Queens County, X. Y ..
6 7 5 ..Queens Countv, X. A..
6 7 5 .-Queens County, v . Y ..
6 7 5 ..Queens County, X . Y ..
6 7 5 ..Queens County, X'. Y . .
6 7 5.. Queens County, N. Y ..
6 7 5 ..Queens County, X*. Y ..
6 7 5 ..Queens County. N. Y ..
6 7 5 ..Queens County, X". 5 ..
6 7 5 ..Queens County, X'. Y ..
6 7 5 ..Queens County, X. A ..
6 7 5 ..Quincy, 111....................
5 8 0.. Racine. W is...................
6 3 0 ..Rensselaer Co., X’ . Y ..
6 3 0 ..Rensselaer Co., X. Y ..
6 3 0 ..Rensselaer Co., X'. Y ..
6 3 0 ..Rensselaer Co., NT. Y ..
630 . Rensselaer Co , X\ Y ..
6 3 0 ..Rensselaer Co., N. Y ..
58 0 ..8 t, Croix C ounty, W is.
5 3 4 ..Sea Cliff, X. Y ...............
6 7 6 ..Springfield. Ohio..........
630..S unbury, P a .................
6 7 6 ..Terre Haute, I n i .........
6 7 6 ..Tiffin, Ohio....................
5 3 4 ..T oledo. O h io.................
6 3 0 .. Turlock Irrigation D is
trict, Cal ...................
6 7 6 ..Turtle Creek. Pa..........
5 3 4 ..
Upper Sandusky,
630.. W allingford, Conn.......
5 3 4 ..W est Chester. P a ........
6 3 0 ..W est Point. Miss . . . .
630. .W est Springfield, Mass.
6 7 6 .. W ilmurt, N. Y ..............
5 3 4 ..W orcester. M ass..........
6 7 6 ..W orcester, M ass...........
5 3 5 ..Zanesville, O hio..........
M a tu rity .
4
4
4
4
5
4
4
4
4
4
4
4
4
4
4
4
4
4
4
•Da
n
3k<
3 Li
34
34
34
34
5
5
5
5
4
6
Jan.
Apr.
Apr.
Apr.
1, 1906
1, 1927
1. 1927
1, 1927
4
Mar. 8, 1929
Apr. 1, 1917
Apr. 1. 1917
Apr. 1, 1917
Apr. 1 ,1 9 1 7
Apr. 1, 191 i
Apr. 1. 1917
Apr. 1, 1917
A pr. 1. 1917
A pr. 1, 1917
Apr. 1, 1917
Apr. 1. 1917
Apr. 1, 1917
A pr. 1. 1917
Apr. 1, 1917
1911-1917
Apr. 1, 1893
Apr. 1. 1899
Apr. 1, 1900
Apr. 1, 1901
Apr. 1, 1902
1903-1907
1914
1906 1920
1901-1921
1919-1920
1898-1907
6
1903-1913
4L>
O6... A pr 1. 1905
4
1927
3 4 Apr. 1. 1927
6
May 1. 1917
4
1927
4
4
6
1926
1916
1898-1902
A m o u n t.
$10,500
3.500
750,000
250,000
550,000
1 400
50,000
60,000
45.000
45,000
17,000
70.000
7,000
75.000
27,000
40,000
60,000
55,000
17,000
50,000
314,000
20,000
10.000
10,000
10.000
10.000
10.000
50.000
10,000
14,000
50,000
34,000
15,000
19,539
15,000
90,000
CHRONICLE
A w a rd .
472.500
90
38,000 100-394
7.000 106-27
30,000 106-639
75,000 io o
20,000 100
165,000 108-599
5.000 102-50
150.000 112-44
100,000 109-58
28,010 102-7499
T otal sales for March, 1897 .......................... $12,284,309
of March 6, 1897, page 480, a
sales amounting to $12,434,477
the publication of that state
the following reports :
A D D IT IO N A L F E B R U A R Y BO N 'D S A L E S .
P a g e.
L o ca tio n .
R a te.
4 8 1 .. A ugu-ta, G a ............. 4
4 8 1 .. Augusta, G a .............. 4
4 8 1 .. Augusta, G a.............. 4
4 8 1 .. Fairfield, la ................... 5
4 8 1 .. Fairfield. I a ................ 5
579. .Newburg, Ore.............. G
5 3 4 .. Penobscot County, Me. 4
M a tu rity .
A p r. 1 ,1 9 2 7
Apr. 1, 1927
Apr. 1. 1927
1900-1912
1904-1912
1917
1899-1903
A m o u n t.
$ '2 ,0 0 0
5,000
5.000
12,000
25.000
15,000
20,000
or registered bonds, o f the den om in ation o f $1,000 each, dated
May 1, 1897. Interest is payable sem i-an n ually on the first
105*238
100
days o f M ay an d N ovem b er.
115-500
A v o ca , I o w a .— Bond S a le.—It is reported th a t this m u n ici
114-310
113-930
pality has sold $11,500 o f sch ool bonds at par,
The secu rities
104-48
bear 5 per cent interest an d m atu re in tw en ty y e ars from date
106-63
o f issue, su b ject to ca ll after five years.
107-02
107-21
A u gusta, G a.— B on d s A u th oriz ed .—T he citizen s o f A u gu sta
107-66
have voted in fa v o r o f issuing w a ter-w ork s b on d s to the
107-02
107-41
am oun t o f $45,000.
106-63
B e lla ir e , \V. V a — B on d E le c tio n .—A n election w ill soon
106-83
106-83
be h eld in this tow n to vote on a proposition to issue sch o o l
107-41
bonds to the am oun t o f §15,000.
106-63
10 /-21
B e lm o n t, M ass.— B on d s P rop osed .— I t is reported that this
10702
m u n icipality w ill soon issue sch ool-hou se bonds to the a m ou n t
107*66
100 343
o f $40,000. The securities w ill bear interest at th e rate o f 4
113
per cent an d m ature in tw en ty years fr o m date o f issue.
100-24
B lo o m fie ld , N. J .— Bonds P rop osed .— It is reported that
100-48
100-71
road-im provem en t bonds o f this tow n to the a m ou a t o f $100,100-56
000
are under consideration.
100-65
101-05
B os ton , M ass.—B on d O fferin g.— P roposals w ill be received
109
until 12 o ’c lo ck noon, A p ril 14, 1897, by A lfred T. T u rner,
107-167^
City Treasurer, fo r th e purchase o f 81,275,000 o f
per cent
104-91
106-5999 South U n ion Station registered bond certificates. T ue secu ri
100-50
ties w ill be o f the d en om in ation o f §1,000 o r an y m u ltiple
101-0230
103-2053 \h ereof, dated A p ril 1, 1897; interest w ill be payable sem i101-5975 a n cu s lly on the first days o f A pril and O ctober at the otfiee o f
.......... ...........$11,301,909
Total (70 municipalities)
A ggregate o f sales for which no price has
982,400
been r e p o r te d ..............
In the C hronicle
list of February bond
will be found. Since
ment we have received
721
A w rrd .
100 1557
100*270
101
100
lo o
95
100 71
T ota l............................................................................$134,000
Additional sales for which no price was re
p orted ...................................................................... 108,000
Total additional sales for F ebruary...................$242,000
These additional loans will make the total sales re
ported in February amount to $12,676,477.
New Y ork C ity .— B ill R eq u irin g D ep o sit o f a G u a ra n ty fo r
the P u rch a se o f B onds. —Ou M arch 23, 1897, the la w re g u la t
in g the sale o f N ew Y o rk C ity bonds an d stocks w as am en d ed
so as to require each bidder t o deposit w ith his offerin g a cer
tified c h e c k fo r a n am ou n t, to be determ ined b y the C ity
C om ptroller, n ot e x ceed in g 2 }£ per cen t o f the proposal.
T he fu ll text o f this la w w ill be fou n d in the S t a t e a n d
C i t y S u p p l e m e n t o f to-d a y in an a rticle en titled “ R eq u irin g
D eposits with B on d P roposa ls.”
B o n d P rop osa ls an d N egotiation s.—W e have re
ceived th rou gh th e w eek the fo llo w in g n otices o f bonds
recen tly n egotiated an d bonds offered an d to be offered for
sale.
A n d o v e r, M ass.—B on d S ale.— This c ity baa sold bonds to
the a m ou n t o f $5,000 to E stabrook & Co. at lOO'Ol. The secu
rities bear 4 per cen t interest and m ature in fr o m on e to six
years fro m date o f issue. F ou r oth er bids w ere received.
A k r o n . O h io .— R on d Safe.— It is reported that A kron has
sold $11,600 o f street im p rov em en t bonds at par. Interest on
the securities at the rate o f 5 per cen t is payable sem i-an n ual
ly, and the principal w ill m ature in from on e to thirteen
years fro m date o f issue.
A rv e rn e -b y th e-Sea, N. Y.— B on d Sale — On A pril 3, 1897,
the $45,000 o f 5 per cen t g o ld bonds o f this village w ere
aw arded to Daniel A . M oran & C o., o f N ew Y o r k C ity, as fo l
low s : $5,000 o f can al-d red gin g bonds, m a tu rin g at the rale of
$1,000 per annum from M ay 1, 1915 to 1919, inclusive, at
105*375 and $40,000 o f h igh w ay im p rov em en t bonds, m a tu r
in g at the rate o f $5,000 per annum from M ay 1. 1920 to 1927
in clusive, at 105'125. The loan is issued in the form o f cou p on
the City Treasurer o f B oston, and the principal w ill m ature
A pril 1, 1902. A sin kin g fu n d has been p rovid ed fo r the pay
m ent o f the loan at m a tu rity .
B u ffa lo, N. T .— B on d s P ro p o sed .— A bill a u th orizin g the
city o f B u ffalo to issue $400,000 o f bonds fo r park purposes
bas passed the A ssem bly.
C a m b rid g e, M ass.— B on d S ale.—On A p ril 8,1897, the $200,000 o f 8J4 per cen t registered bonds o f this city w ere a w a rd ed
to EstaProok & C o., o f B oston, Mass., at 102 297. T he secur
ities are dated A p ril 1, 1897; interest is payable sem i-annually
and the principal w ill m ature A p ril 1, 1917. T he bonds are
o f the d en om in ation o f $1,000 or an y m u ltiple thereof.
C a m eron , f f o .— B on d Sale.— The §12,000 o f electric-lig h t
bonds o f this city have been disposed o f. T h ey bear interest
at the rate o f 5 per cent an d m ature O ctober 1916, s u b je ct to
call a fter 1901.
C a r r o ll C ou n ty , Io w a .— B on d Sale.— O n A p ril 1. 1897, N.
W , H arris & C o., o f C h ica g o, III., w ere aw a rded $41,000 o f
Carroll C o u m y re fu n d in g bon ds. The securities bear interest
at the rate o f 4 % per cen t, payable sem i an n ua lly, and the
principal w ill m ature in ten years fr o m date o f issue, su b je ct
to call after five years.
C in c in n a ti, O h io.— Bond C a ll.— T he Sin k in g F und C om
m issioners o f this city h ave g iven n otice that the fo llo w in g
bonds have been called fo r pa ym en t on Ju n e 1, 1897, at the
A m erica n E xch a n ge N ational B ank o f N ew Y o rk City or the
Third N ational B ank o f C incin nati, a fter w h ich date the se
curities w ill cease to bear interest:
C ity H all bonds to the am oun t o f $700,000, dated June 1,
1887, and redeem able Ju n e 1, 1897,
Street im provem en t bonds to the a m o u n to f $2,000,000, dated
June 1, 1885, an d redeem able Ju n e 1, 1895, or a n y date there
after.
G eneral d eficien cy bonds to the am oun t o f $500,000, dated
June 1, 1881, and redeem able Ju n e 1, 1891, or an y date there
after.
C leb n rn e, T e x a s.— B on d Sale.— It is reported that this
m u n icipality has sold $16,030 o f 6 per cen t bonds. T he se
curities w ill m ature in forty years from date o f issue, su b je ct
to call a fter ten years.
C le v e la n d , O h io .— B on d S ale.— On A p ril 7, 1897. H . L.
Rossiter, City A u d itor, aw arded the $100,000 o f 4 per cent
police-station cou p on bonds to Farson, L each & Co., o f C h ica
go, III., at 106-125. T he other bids received w ere:
B id d ers—
B id .
E H Rollins & Sons, Boston, Mass...................................................105-930
K. L. Day & Co., Boston, M ass........................................................... 105-920
E. Morrison. Now York, N. Y ............................................................ .105-757
Dietz, Denison & Prior, Cleveland, Ohio...................................... ..105-377
The securities w ill be dated A p ril 1, 1897, interest w ill be
payable sem i-annually on the first days o f A p ril and O ctober,
and the prin cip al w ill m ature A pril 1, 1917, both principal
and interest b ein g payable a t the A m erica n E x ch a n g e
N ation al B a nk, o f N ew Y o rk City. The bonds are o f the
d en om in ation o f $1,000 each an d are issued to ex ten d
the tim e o f paym en t o f a like a m ou n t o f police-station bonds
m atu rin g M av 1, 1897.
C lin to n , M ass.— B on d s A u th o riz ed .— B on ds o f this to w n
to the a m ou n t o f $15,000 fo r the purpose o f ex ten d in g the
w ater w orks have been voted.
C o n c o rd , N. C.— B on d E le c t io n — The proposition to issue
$40,000 o f w ater-w ork s an d street-im provem en t bonds w ill be
put to a vote o f the people o f the tow n o f C on cord on A p ril
19, 1897.
C reston , Io w a .— B on d S a l e . - It is reported that this city
has disposed o f $17,000 o f refu n d in g bonds. The loan bears
in teiest at the rate o f 5 per cent, payable sem i-an n ually, and
m atures in 1917, su b je ct to call after 1907,
Kps M oin es (la ) In d e p e n d e n t S c h o o l D is t r ic t, VYesl S id e .
— Bond C all.— The board o f Uirtc ors o f this sch ool district
THE OHEONLCLE.
722
® » n Dotkv that i«>oJs Noe, 1 to 66 inclusive, dated
July
IS '• i*vc iw i-a c»t(<4 for payment on Mm 1,1897,
S c * . H ! to 180 trclosive oa July 1, 1897, The
anti boot
:> cto u*ar interest on the data on which
ffCttlitM 5
tlwv art* <;ti!> ii fo r p a y m e n t.
lleiroii, liich - •' -i -rat’/ Latm,~U is reported that the
eitv vf
t has nlntvd a temporary loan of SO!,0)0 with
thJ s
-n National Bank. Tue loan bears 3*86 per cent ia-
haw
itM M ,
EaMiwrt. H o .— B a n d S j/-:.—This city has awarded §20,005
0 ( f t.] .i f o: !;i ^ bonds to Jose Parker & C*>. of Bjston, Mass ,
at ICo-i )>. The other bids r m iv e d w ere:
Hid*
j
pk-!,\ i , * •-fi! *.v m<>f. Bo-'toii, Ma*s
VirUtif.T, A Hrirr, UO-HlOB,
E. H <».tv A (> .
hi. V. sidH 'otM
-**•#.
*.........*•**................MeT
. . . . . . . . . . . . . . . . . ---- . . . . . . . . -----104*000
Bo>um, Mass............... ...... .........................
.......................
A
E. H. RooUi4 .v <xni*, JUuCdo. Ma - ........ ............. .....................Y'~
f»r*o«i. U*>vli -v ft*., St -stoa, M#«.............. .........-......... JSl’SS?
W o t *U> irjr * j t f j J t o u , P o r t l a n d , M e ................................ — ..........................J S s ’ f l s
J*. w H ants ,v ■*(>.. Bo*tun. M a s s ...................................................i S S 'l s t
J. it M fins!.
Me............. .
................................... . 102‘87o
<ton r.'i; A t v t I'aiii A- C o .. IS 'S io n , M a s * ........... .............................................lO iU O O
Swan A Itarrett, Porthmit, Me...............................................102-140
The s- -uritu s bear 4 per cent interest and mature at the
rate of § i ,•*•<.* per annum from IMOS to 1917. inclusive,
Eitlnor. Cal.— Bond O f f e r i n g .— Proposals will be received
until 7 i- >t *-k P. M., May 3,1897, by the Board of Trustees of
the eii a- of E'sinor for the purchase of 83-1,000 of 6 percent
gold water-works bonds. The securities will be of the denomination of 8700, dated July 1, 1897 ; interest will he pay
able >, nii-nnnuailv on the first days of January and July, at
the City Treasurer’s office, and the principal will mature from
1§9§ to'1937, inclusive, at the rate of §300 annually. 'Jhe city
has t-j other indebtedness. The total assessed valuation is
about DOJXOand the population (estimated) 600.
Fall River, Mass — B o n d S a l e .— This city has awarded to
Jas. W . J 'lnKi-lreet & Co. of Biston. Mass., §70,000 of 4 per
cent 3 >-year regi-m red sinking fund school-house bonds at
lOh-Tt-i- and §30.000 of 4 per cent 30-year registered sinking
fund lewer toads at 111 473. The other bids received were
as follows:
20-year
bonds.
Itiihicrx—
Estabr.:.. It A Oo.. Boston, Mats.............................. 108*729
ln»-729
101-519
R. I,. Dav A Co.. Boston, Mass.............................. 108-517
103*12
Blake Bros a- Co., Boston, Mass........................... 103-42
108-27
. 108-19
N , W . U . r . ,v C o ., Vt .'lo n , M a s s .............. ....................1 109-075
0 8 -0 /5
E. H. KoiUc* A Sous, Boston. Mass...................... 107-93
C s tih tn a e . U s h e r
a
f’ ttetoa, B o s t o n , M a s s .
Blodgr’ . Merritt A Co., Boston, Mags _____
30 -year
bonds.
I l l -391
111*035
111-199
110-67
110-537
110*83
110-539
Fulton. N. V - B o n d S o l e .— This municipality has sold
$17,SCO of st-wer hoods at 104-143. The securities bear 4 per
cent inteiest and mature m 1917.
G allop, New Mexico . — B o n d O J J erin g .— Proposals will be
received until 9 o'clock P, M., April *38,1897, by C, N. Cotton,
Chairman* t the Board of Trustees, for the purchase of $10,000
of ij jwr cent gold water bonds of this town. The securities
will be dated April 1, 1897; interest will be payable semi
annually / u the first days of April and October at the office
of the Town Treasurer or at any designated bank in New
k City, as the purchaser may desire, and the principal
will rx auire April 1. 1937, (object to call after April 1, 1917.
The i i i s< will be of the denomination of $100 each and will
be second by a sinking fund.
Galveston County, Texas , — S a le P o s t p o n e d .— On April 5,
1897, the Count? Commissioners received the following bids
for tii<- purchase of the §300,000 of 5 per cent 10-40-year
court-house and jail bonds.
.1. C. Oldham, of Dallas, Tex,, par. accrued interest and
prt mi inn of §2,488 "5 , the bonds to be delivered upon satis
factory examination by his attorney,
Gtllt-.-pb (C Cullutn, of Dallas, Tex., par, accrued interest
end -s pr* roium of §2.500, the bonds to be delivered as follows
$50,C' 0 tipcn satisfaction of their attorney as to legality : §50,CC0 ta* b in two, four and six months; bonds to be delivered
in some Cx-tern bank to be named by them, and interest to
he payable in New York exchange,
v ; . C n i l * Co., of Chicago, 111., par, accrued interest
ant a premium of §1,127, bends to be taken upon satisfaction
a* to legality.
Dfhz, Dm ison & Prior, of Cleveland, Ohio, par, accrued
interest and §2,085 premium for the bonds, delivery fo be in
Clew land, and interest to be paid in some bank to be agreed
upon,
I h" bid i f Gillespie & Cullum was the best offered, but was
not if* sect Hance with the conditions of the sale, in that it
t iJi. d ' r int. ivst to be paid outside of Galveston and the deliv< ry */f th> bonds at different periods. The representatives
pf the other t riders intimat* d that their offerings might have
been .1 iTerent had the conditions o f the sale been otherwise
nn.) a that :»••• ount it was decided by the County Commit
sfoners to postpone the sale.
Gii riyllle, Ohio,— B o n d S a l e .— I t is reported that Glenville
^ b ! r O. t u0 of i ; i per cent coupon bonds, The securi
ties are of the denomination of §1,000 each; interest is pavable
semi annually, u d the principal will mature April 1, 1917
The bonds are G-m d for the following purposes: Sawercon
at ruction, pi'u.KjO; water supply, .$*30,000: fire department
#30,000, and the balance for lighting purposes,
Grer-nport Ni. \
B o n d s P r o p o s e d . — I t is reported that
1Ire* rif *rt baa n. tifioned the Legislature for authority to
[V o l . LX1V,
issue b o n d s t o th e a m o u n t o f §10,000 f o r a n e le c t r ic - lig h t
p la n t, w a t e r -w o r k s a n d s ew ers.
Hackensack, N. J .— B o n d S a l e .— It is reported that sewer
bonds of Hackensack to the a m iu n to f §2,400 have been taken
at par. The securities bear 4 pt r cent interest,
Helena Mnnt.—.S'lfe P o s t p o n e d .— The §101,300 of 5 per cent
refunding bonds of this city were not sold on March 39, the
sale having been postponed until April 13, 1897.
The
securities will be dated January 1, 1896; interest will be pay
able semi-annually, and the principal will mature as follows :
§8,000 at the rate of §100 per annum from January 1, 1900, to
1915 inclusive, and $153,500 on January 1, 1916, both princi
pal and interest being payable at the office of the City TVaasurer of Helena or at the Third National Bank of New York
City, as the purchaser m ay desire. The bonds will be of the
denomination of §500 each. The bonded debt of the city, in
cluding this issue, is §391,500 : assessed valuation (about
of
actual value), §12,656,783. The population is estimated at
15,000.
Hiram , Ohio .— B o n d 8 a ’ e — On March 80, 1897, the §12,000
of 6 per cent water-works bonds of this hamlet were awarded
to the Fourth National Bank of Columbus, Ohio, for §18,835.
There were ten other bids received. The securities are of the
denomination of §500 each, dated April 1,1897, interest is
payable semi-annually on the first days of April and October,
and the principal will mature at the rate of §500 per annum
from April 1, 1904 to 1937, inclusive, both principal and in
terest to be payable at the First National B ink of Qarrettsville, Ohio, This loan constitutes the only debt of Hiram; its
assessrd valuation is §154,000; real valuation is estimated at
about §250,000, and popidat-on about 400.
Indianapolis, Ind — B o n d N e w s .— The §350.000 of 4 per
cent i ark improvement bonds of this city have been awarded
to Street, W ykes & Co,, of New York City, at 106-71, the In
diana Trust Company, to whom the securities were first
awarded, having re'used to accept the bonds because a mem
ber of the City Park Board was also a stockholder in the
Trust Company.
The securities are dated April 1, 1897 ; interest is payable
semi-annuallv on the first days of January and July, and the
prircipal will mature January 1, 1927. both principal and in
terest b< ing payable at the office of W inslow , Lanier & Co.,
N. Y . City, The bonds are of the denomination of §1,000 each.
Jamaica, N. Y . — B on d S a l e — On April 6,1897, Alfred H .
Beers, Village Treasurer, awarded §50 ,(0 ) c,f the §150,000 of 4
p**r cent gold sewer bonds to the Jamaica Savings Bank at
!05-75 and the remainder to W . J. Hayes & Sons, of Boston,
Mass,, at 104-335. The securities are of the denomination of
$1,000 each, dated April 3, 1897, interest is payble semi-an
nually, and the principal will mature April 1, 1917, both prin
cipal and interest being payable at the Bank of Jamaica.
B on d O ffering.— Proposals will ba received until 13 o’clock
d oou to-day by Charles E, Twomblv, President of the Village,
for he purchase of $200,000 of 4 per ceut gold street improve
ment bonds. The securities will be of the denomina ion of
§1,000 eaoh; interest will be payable semi-annually on the
first days of April and October, at the Bank of Jamaica, and
the principal will mature at the rate of §10,000 per annum
from April 1,1917 to 1936, inclusive. Each bid must be for the
entire amount of the bonds offered, a n l must be accompanied
by a certified check for §5,000.
Jefferson County, K y . — B o n d E l e c t i o n —The Fiscal Court
has adopted a resolution providing for the submission to a
vote of the people of Jefferson County a proposition to issue
1300,0"0 of Court House improvement bonds. The securities
if voted will be of the denomination of $1,000 each, dated
Dec. 15, 1897; interest at the rate of 4 per cent will be paya
ble annually ard the principal will mature at the rate of
§15,000 per annum from Dec, 17, 189S to 1917, inclusive.
Jell ice, Tenn.— B o n d Vents.— The §6,000 of 6 per cent
school oonds to be issued by the town of Jellico will mature
in twenty years from January 1, 1897.
L illia n Irrlga lion D istrict, W alw orth, Neb, — B on d
A’ews — P. L. Mitcalf, Secretary, reports to the C hronicle
that no bids were received on April 1, 1897, for the $83,000 of
6 per cent 10 20 year bonds of the district, bub that the securi
ties will be isfued and held by the district officers to pay the
cost of proposed improvements.
Laurel, Md.— B o n d S a l e .— Part of the §11,000 of improve
ment bonds issued by this town have been taken at par by the
Citizens’ Nalional Bank of Laurel, The securities bear 5 per
cent interest and mature in ten years from date of issue.
Lebanon, N. H .— B o n d S a l e .— Geo, A . Fernald & Co,, of
Boston, Mass , have been awarded §31 000 of funding bridge
bonds of this city at 101*777. The loan bears interest at the
rate of 4 per cent and matures in from three to nine years
from date of issue,
Leliighton, P a . — B o n d E l e c t i o n , — PL. J. Bretney, City
Treasurer, reports, to the C hronicle that the citizens of
Lehighton have voted in favor of a proposition to issue elec
tric-light bonds, but as the amount voted is not sufficient to
cover the cost of the electric-light plant, another election will
have to be held.
Leicester, Mass.— N o t e S a l e . — The town of Leicester h?s
sold $23,200 of funding notes to Jose Parker & Co. of Bost r , Mass,, at 100*59. The loan bsars interest at the rate of 4
per cpnt and matures in from five to nine years from March
25, 1897.
THE
APRIL 10. 185)7. J
< EQtONICLE.
l y u c h b n r g , Y a .— B on d S ale.— O a A p ril 5, 1897, the F i
n ance C om m ittee o f this c it y aw a rded the 8425,000 o f th irtyy ea r refu n d in g bonds to E. H, Rollins & S m s , o f B oston ,
Mass,, and S perry, Jones & C o., o f B a ltim ore, M d., for their
bid o f §426,657 50 fo r Q 4 Per cent n on -ta x a b le bonds. The
total indebtedness o f the c ity on Feb. 1, 1S97, w as §1,403,789;
sinking fu n d , 815,000: net debt, §1,388,789. The assessed v a l
uation is: R eal estate, $7,6S9,715; personal p rop erty, $3,475,284; total, $10,165,000; ta x rate (per §1,000), $1*5. The pop u la
tion is estim ated at about 25 000.
M a d is o n v ille , O h io — B on d O ffering. — P roposa ls w ill be re
ceive d u ntil 12 o ’c lo ck n oon . M ay 4, 1897, b y V illage C lerk
Bennett Carter, fo r the purchase o f 87,438 o f 6 per cen t
cou p on assessm ent b o rd s . The securities w ill be dated M ay
1. 1897 ; interest w ill be payable an n ually at the G erm an N a
tion a l B ank o f C incin na ti, O ., and the prin cip al w ill m ature
at the rate o f 8743 80 an n u a lly.
M ald en , M ass.— Bonds A u th o r iz e d — The C ity C ou n cil h s
decid ed to issue 825,000 o f w ater bonds an d $5,000 o f notes f o r
g ra d in g certain sch ool grou nds.
M id la n d C ou n ty, M ich .— Bonds D efea ted .— A t an ele ctio n
held rtce n tly in M idland C ounty the question o f b o n d in g the
cou n ty to the am ount o f $112,000 fo r a cou rt house was de
feated
M id la n d P a r k , N. 3 . -B o n d s P ro p o sed .— The b o rou g h of
M idland P ark proposes to issue road im p rov em en t bon d s to
the am oun t o f $10,000. The lean is to bear interest at the rate
o f 5 per cent.
M o titice llo , F la .— B on d s D efea ted .— O n A p ril 5, 1897, the
people o f M onticello defeated by tw o votes the proposition to
issue bonds fo r the con stru cton o f w ater w orks.
M n n is in g , M ich .— Bonds P r o p o sa l — W a ter-w ork s bon ds of
this m u n icipality to the a m ou n t o f $30,000 are under consideraiion .
N ew B r u n s w ick , N. 3 .— B on d N ew s.— T he $151,000o f bonds
recently sold by this city to ih e N ew B ru n sw ick S avings I n
stitution at par w ere issued to refu n d m atu ring w a U r and im
provem en t bonds bearing 7 p er cent interest. T he n ew se
curities w ill be delivered M ay 1, 1897. T h ey w ill bear in
terest at the rate o f 4 per cen t, payable sem i-annually in M ay
and N ov tm b er, and the principal w ill m atu re M ay 1, 1922.
____ MEW L O A NS.
____ N EW
New L o n d o n , O h io .— B on d s A u th o riz ed .— O a M arch 30,
1897. the people o f the tow n o f N ew L on d on voted 48 1 for
to 29 against the issuance o f $8,000 o f bonds to pay the cost
o f an electric-lig h t system .
N ew ton , M ass.— B on d s A u th o riz ed .— T he B oard o f A id erm en o f N ew ton has au th orized the c ity to issue $100,000 o f 4
per cent th irty -yea r sew er bonds an d tw en ty -yea r notes
fo r $7,500 to p rovid e f o r the con stru ction o f drains in
various p a its o f the city .
N e w to w n , N. Y .— B on d s A u th o r iz e d .— O n A p ril 6, 1897, the
citizens o f this tow n v oted in fa v o r o f a p rop osition to issue
$600,000 o f h ig h w a y im p rov em en t bon ds.
N e w to w n (N. Y .) U n io n S c h o o l D is t r ic t No. 1.— B on d
O ffering.— P roposals w ill be receiv ed u n til A p ril 20, 1897, b y
this sch ool d istrict for the pu rch ase o f $53,000 o f 4 per cen t
sch ool bonds o f $1,000 each.
The official ad vertisem en t o f this bond, o fferin g w ill be f o u n d
elsewhere in th is D epartm ent.
O a k la n d , M d.— Bond E lection .—On A p ril 19, 1897, th e c iti
zens o f O akland w ill decid e the question o f issuing bonds for
the con stru ction o f w ater w orks.
O ttu m w a , l a . — Bond Sale.— I t is reported that this m u n ic
ipality has sold §65,000 o f 4 % per cen t bonds at par. The
securities w ill m atu re in ten years fr o m date o f issue.
O yster Bay, N. Y .— B on d E le ctio n .— On A p ril 6, 1897, the
c it iz s r s o f this to w n v oted on a p roposition to issue §300,000
o f road im p rov em en t bonds
It is reported that the p ro p o
sition w as carried , but that th e vote w as so closs that the o f
ficial cauvass m a y be requ ired to fin ally decid e the question.
P h ila d e lp h ia , Pa .— B on d s P rop osed .— A b ill has been p re
sented to the C ou n cil o f this c ity au th orizin g a loan of
81,000,000 for the con stru ction o f a n ew ressrvoir in W est
P h iladelph ia.
P it ts b u r g ( P a .) , C o lfa x S u b -S c h o o l D is t r ic t .— B on d S ale.
— The $39,000 o f
per cen t 1 to 29-year sch ool bonds o f this
district w ere a w a rd ed to T ne E iw a r d C. Jones Co. o f N ew
Y o rk C ity at 103-75. The oth er bids receiv ed w ere :
STATEof NEW YORK
32 Canal Im p ro v e m e n t Bonds.
A lim it e d a m o u n t o f
COM PTROLLEB’ S OFFICE
B U R E A U OF C A N A L A F F A IR S ,
A l b a n y , M arch 27th, 1897.
P ursuant t o th e provision s o f C h apter 79 o f Law s
o f 1^95, proposals will b e received at this office until
T u esd ay, the 20th day o f April, 1897, at 12 o ’clo ck
n o o n o f th at day fo r a loan o f
THREE
M IL L IO N
DOLLARS
f o r w hich tran sfera ble certificates o f stock, regis
te r e d o r co u p o n b on d s, a t the op tion o f the p rop oser
P r in c ip a l an d In te r e s t P a y a b le in G o ld
w ill be issued in the nam e o f th e P eo p le o f th e State
o f N ew Y ork, on th e cred it o f the Sinking Knnd es
tablish ed by said act, bearing ii.terett a t the rate o f
three per centum per ann um , payable sem i-an n u ally
o n th e first days o f January aud Ju ly, and rhe prin
cipal reim bu rsable on th e first day o f Jan uary, 10 12 .
T h e s e bonds a r e e x e m p t from t a x a t i o n pur
suant to Chapter 8 \ Law s o f 1857.
Proposals m ay be fo r th e w h ole c r any part o f the
oan n o t less th an $ 1 , 000. and sh ou ld state w h eth er
registered or cou p on bon d s are desired, and such
proposals m ust be accom panied by a certified check
f o r o n e per cent o f th e am ou n t o f th e proposal.
Paym en ts f o r th e loan w ill be requ ired t o b e m ade
o n the a ccep ta n ce o f the proposal b y d eposit in th e
Bank o f th e M anhattan Co. in th e C ity o f N ew Y ork
to the cred it o f “ T reasurer o f the State o f New
Y ork, on a ccou n t o f Canal Fund ” o f th e am ou n t o f
th e aw ard, togeth er w ith prem ium and a ccru ed in erest fro m January 1,1897.
T h e C om ptroller reserves th e right t o re je ct all
bids w hich are n o t in his op in ion a dva n tageou s to
th e in terests o f th e State.
Interest on th e loan from th e first day o f Jan uary,
18&7, will b e payable at th e Bank o f th e M anhattan
C o., in the City o f N ew York.
A ll proposals m ust be sealed and en d orsed “ Loan
f o r Canal Im p rovem en ts,” and d irecte d t o the Com p
tro ller o f th e State o f N ew Y ork, A lban y, N. Y.
JA M E S A . R O B E R T S ,
C om ptroller.
GOLD
1%
BONDS
OF THE
METROPOLITAN
Street Ry. Co;
OF
Kansas City, Mo.,
D ated .llay 1, 1 8 9 3 .
D ue .11ay J, 1 9 1 0 .
#
We have carefully exam ined into the physi
cal, financial and legal features of this security
and r e c o m m e n d t h e b o m b as a safe and
conservative investment.
BANKERS,
15 W A L L S T R E E T , N E W Y O R K .
B O ST O N .
C H IC A G O .
PUBLIC SECURITIES
SUITABLE FOR
S A V IN G S B A N K A N D T R U S T
L IS T S M A IL E D
C ed ar S tr e e t,
-
-
N EW Y O R K
M D Y IC IP A L . CO U N T Y , SC H O O L A N D
T O W N S H IP BONDS
BOUGHT
AND
SOLD.
0
0
D A T E D J A N U A R Y 1, I SOT.
In terest P a y a b le J a n u a r y an d J u ly by M a ll
N et in d eb ted n ess..........................................$1,518,405
Population, 100 , 000.
Fall R iv e r ranks high as a C ity o f the first-class.
Its financial c o n d itio n is e x ce p tio n a lly strong, the
net indebtedn ess being less than
o f its assessed
valuation. A Sinking Fund to retire th ese bon d s at
m aturity has b een created.
T h e bonds are an authorized investm en t fo r Savings
Banks and E states in th e State o f N ew York.
Legal opinion and oapers furnish ed.
P rice s and part!oulars on app lication.
an d
P a r tic u la r s
on A p p lic a tio n .
C. H. W H IT E & CO ,
BAN KERS,
7 2 B r o a d w a y , N ew Y o r k .
C IT Y OF
NEW
YORK
3 X PER C E N T
GOLD BONDS.
D U E N O V E M B E R 1st, 1916.
IN T E R E S T P A Y A B L E J A N . 1st A N D J U L Y 1st
E x e cu to rs, A dm inistrators, G uardians and o th e rs
boldin g tru st fu n ds are authorized b y an a ct o f th e
New York L egislature passed Murch 14,1889, to in
v e st In th ese bond s.
P R IC E A N D P A R T IC U L A R S ON A P P L IC A T IO N
Rudolph Kleybolte & Co
BANKERS
N orth w est cor. o f T h ird and W a ln u t Streets,
C IN CIN N ATI, O,
41 and 4 3 W a ll S tr e e t, N ew Y o r k .
Blodget, Merritt & Co.,
ON A P P L IC A T IO N
Farson, Leach & Co.,
C H IC A G O ,
1 1 5 D e a rb o rn S i.
, 0
A ssessed v a lu a tio n .......................................... $69,288,496
T otal indebtedness ...........................................
4,809,405
W a te r d e b t. . . . ................................$1,900,otO
Sinking fu n d ....................................
896,000
--------------- 2,796,000
B A N K E R S,
BA.N K KR 8
H i
t >
3 0 - Y e a r R e g is te re d P u b
lic L ibrary Bonds.
C om plete details furnished on application.
N. W. HARRIS & CO,
T
FALL RIVER, MASS.,
Price**
Controlling the street railw ay traffic in Kan
sas City and suburbs, and operating under long
and favorable franchises.
FUNDS.
James N. Brown & Co.,
N E W LOANS.
LO ANS.____
We Own and Offer at 99 and
Interest
# 3 ,0 0 0 , 0 0 0
723
NEW Y O R K ,
2 W nM 8 t
16 C o n g ress S tre e t, Boston.
STATE
C IT Y & R A IL R O A D
B O N D S.
c h r o n ic l e .
the
724
m d.
rg* Pa
ak. A i l
it*
. . . 1 0 3 - 0 l)
*ny, Pa . . .
...1 0 1-15 0
.103 000
. .1 0 2 'fi3
...1 0 2 750
. . .1 0 2 ) 2 5
. . . 102-030
...J O 2 0 0 0
...101*750
....
PHUiniflE, **A,..
Ob
Her. Pit ..
y*tini., Obi
Ohio................ *-■•--........... ...ItHOftn
D^tKisIt Co.. I'liUadolpIlia, Ptt . . . . ...KO-SOo
1897. toe
m p------------o r i t r y -L & t n . —On
April
..........,
, ,
-s
r « v loan of $200,000 was awarded to U. W, Howland
..
at a discount of 3 H O per cunt and Jo
on, Mi
premium.
.
, „
Tin* other bid* received were as follows ;
■ liin d . S O . -
[V O L , L X I V ,
A m o u n t.
Bidders—
0 . H. W h i t s * Co., S ew Y o r k ........ ............................................ $30,682 50
E. H. B otllos & Sons, Bosion, M ass.-......................................... 30,631) 00
30,610 00
Fat son. Leaeh * Co., Chicago, 01....................... .................
RttdolpU Kiev bolt e * Co., Ciualnnatl, O .................. ................. 30,531) 30
Oeo A. Fernaht * Co., Boston, Mass. .................................... 30,531 00
B s ia b r o o k * Co., Boston, M a s s ,..,............................................. 30,504 CM>
Campbell, Wild A- Co.. Indianapolis, 1ml.......... .
.............. 30,501 00
30,477 00
B l.k e B ros .Si On.. Boston, Mass ....................................... —
I-Maerlv * Urooker, Boston, M ass............................................. 30,462 00
Mason, Lew is <Ss Co-, C hicago, XU................................................ 30.401 00
Blodttot, Merritt AiCo., Boston, Mass...................... ................. 30,414 00
It L Day & Co., Boston, M ass..................................................... 80,380 70
W, J. H ayes & Sons, Cleveland, OMn. ...................................... 30,928 00
Jas. W, Longs treat & Co., Boston. Mass.................................... 30,081 00
First N ational Bank, Portage, Wls............................................. 30,000 00
The securities are of the denomination of $1,000 each,
dated April IS, 1897; interest is payable semi-annually at the
Chemical National Bank of New York City and the principal
Hitfount.
P ren u will mature April 15, 1907. The total bonded indebtedness of
. A M.nut■■•». Portland. Mo ....................... J ' S
$ l 7*5 iha City of Saginaw, including this issue, is *1,241,250; sink
F «
* l\. . IL.-t>u. Mam ............................. g.!2S
ing fund, $4-1,000; net debt, $1,197,25), Included in this total
X l,* ...
M a s s ......................................... - *
debt there are water bonds to the amount of $599,000 and as
l.
.si. * .!.-m v . oo. Boston. Mas* ..................... S i§ 2
sessment- bonds, paid for by special assessments on the prop
li.ia .s .v O ihmI w I o . B o s t o n , M i s s ...........................................
The assessed valu
12 65 erty benefited, to the amount of $277,25 )
t ^ -r .
>u A O B .» B o s W n . M i S S .................................. 3 0 . 3
ation for 1896 w a s real estate, $13,024,675; personal property,
The loan is issued in snticloation of the collection of taxes $2,713,395; total, $15,737,070
i’ he population at the present
and will mature Nov, 1, 1597.
time is estimated at about 50,000,
Ramsey County, Minn . — B o n d s P r o p o s e d . — T h e citiz-ns of
this , an tv hn-e under consideration a proposition to issue
$$5,U( 0 of 1 per cent rout improvement bonds.
Heading, Pa.— Bond O J je r in g .— Proposals will be received
until ", v-lock v . m . April 1 1, 1897, by H. H. Hammer, City
Clerk, for the purchase of $100,000 of bonds. The securities
will be of the denomina-ion of $1,000 each. Proposals must
be accompanied by a certified check for 5 per cent of the
amount bid for.
Richmond M U , N. Y — B o n d s A u t h o r i z e d .—'The citizens of
this municipality have voted in favor of a proposition to issue
$220,000 of improvement bonds.
saginaw , Mich. — B d n d S a l e . —On April 5, 1897, th e $30,i,t., of i per cent water refunding bonds of this oitv were
award*d to >\ W . Harris & Co. of Chicago, 111., for $30,708.
The other bids received were as follows :
N E W
L O A N S .
^ 5 : s , o o o
Newtown, Queens Co,, N. Y ,
4
SCHOOL
OF TTHI0N
N E W
W l s , ( G o ld ) ...
F O R SALE BY
E. H . R O L L I N S & S O N S ,
M
&
il l s
AFTER
W IL L
OUR
N E W
10 Slate Street, B oston , Mas*.
5% G O L D
F U N D IN G
BONDS
TO
OF THE
I NASSAU
S T . fC o r , W a l l ) .
E DWD. C . JONES CO.,
«
T e rrito ry of A rizo n a ,
D a te d 4 iu » . 1 5 , 1 8 0 6 .
#
m
-
$
1, 0 0 0 .
T h e m g prof •i» m m o from de
In te r e s t p a y a b le J a n . a n d J u ly 1 5 .
m mm twiYfi ne** in rain os. J
h nm r «b!pp m mltam, # io .a x ‘,
Principal an d C oupons payable a t th e
fltmrn o f stoeli in
location, m . o m
IJtAm) bttva
flow work - G u a r a n t y ' f r o s t C o m p a n y o f N e w Y o r k ,
riih band to elaim at f4b,ooo
iL&oOj nmm ptnrmtm patent
rest In atuilli
b uik fair iosa-
!* h&, shlppin k and paying, has
Itf-M 14*,
M . HM Pi’l l , fh o . Boat trm .
:al B m k Bill kiing,
ppm
C m l Coin,
For prices and particulars ad dress
A .
10S
C .
LA
F R O S T
M ALLE
&
STREET,
L IS T
35 C O N G R E S S S T R E E T . - BOSTON*
1 Oft S u p e r io r S treet. C lev ela n d O*
M U N IC IP A L
E. C .
BONDS.
STANW OOD
&
C o . 15
B A N K E R S,
D ae Jan. 15, 1046,
D E N O M IN A T IO N
F O R
D IE T Z , D E N IS O N & P R IO R ,
121 D e v o n s h i r e
(Option of payment after 20 years.)
C R I P P L E C R E E K , C O L O ,,
mmm
S A FE IN V E S T M E N T S .
(R E G IS T E R E D O R C O U P O N .)
BRo a d w * y
S K W fflu K .
in i,!i# U.
•diming' |um .otkt
>4 mm.ruA, i*>
31 A S S
City and County Bonds.
$ 2 7 7 ,0 0 0 .
O F F IC E
.
NASSAU STREET
SE N D
REM OTE
YORK
.
B A N K E R S.
34
1S T
MAY
STREET.
M UN ICIPAL BONDS M U N IC IPA L BONDS.
B O U G H T A N D SOLD .
CM IC A t.ii
.
BANKERS.
DevonhIi Ire Ba tiding,
BOSTON*
M IL K
.
B l a n c h a r d ,
DASKKRK,
171 Lit Hnii* •*«..
BOSTON.
W. N. Coler & Co.,
M A S O N , L E W IS & C O . ,
31 Stmt#' *t*»
A fu ll description o f eith er o f th e se issu es, w ith
prices, w ill be m ailed on application.
NEW YORK,
W ALL STREET.
L O A N S .
C ity o f B oston , M a ss., K e g ................... ...3 H »
C ity ot C lev ela n d , O h io, C oup. o r K e g ...4 s
C ity «fBSufElianipton»N.Y.»Coup. o r R e g .4 s
C ity o f H ew B ed ford , M a ss., K e g ............. -4 s
M ld o le s e x C om ity, M a ss., C ou p .......... ....4 s
19
2
... . . .. . . .. . . . .. . . . 5 *
W w i C h ica g o III. K it . (T u n n e l},....,.......5s
F irst M o rtg a g e .
N E W
L O A N S .
BONDS.
.♦led -*>r*jKm's for the purchase Of, tt'fty-tbree
A sh la n d ,
Som erville, M ass— B o n d s A u t h o r i z e d .— The City Council
of Somerville has authorized an issue of $159,000 of city
bonds for various improvements,
Sum m erville, d a .—Bonds A u t h o r i z e d — The citizens of
this village have voted in fav r of a proposition to issue
$50,000 of water and sewrr bonds. The securities will be of
the denomination of $1,000 each, and will bear interest at the
rale of 5 per emit.
MUNICIPAL
SCHOOL DISTRICT HO, 1,
C h ica g o D r a in a g e ............ ................. . . . . . .
He* H ein es, la * (S c h o o l)........ ............
M unUcgon, M ic h .......... . — ......................5 s
t*-o*th O m nbn, N e b ra sk a ...........
.......... I n
' Seattle, W ash.— Loan A u t h o r i z e d . — The City Counoil of
Seattle has authorized the Mayor to issue $12,404 81 of w ar
rants in anticipation of the collection of taxes.
WHANN & SCHLESINGER
BONC S
*"U
m » ©aeh.
each. bearing
bearing 1i Pcr eem' interest.
4- $1
JfrQ
Vprll Sutb.
2bth, t-w‘
UOT. For full jmrthuiBid* to be wmed April
F . I) e H A S S S IM n N S <> v .
lure apply ic
D istrict Clerk,
N ew tow n . O u eens C o.. N . Y .
S ilin a s, Cal. — B o n d E l e c t i o n . — On Hay 4, 1897, a proposi
tion to issue sewer and high school bonds to the amount of
875,000 will be put to a vo e of the people of this oitv. The
securities, if authorized, will bear interest at the rate of 5
per cent and mature in forty years from date of issue.
C O .,
C H IC A G O .
S tre st,
BOSTON.
L IS T S
SENT
ETON A P P L l C A T l t t i .
W. J. Hayes & Sons,
B A N K E R S ,
DEALERS IN MUNICIPAL BONDS,
S treet Hallway B onds, and oth er h igh -grad e in v e stm e n t*.
B O S TO N , M A S S .,
7 E xch an ge P lace.
C le v e la n d , O h io ,
3 1 1 - 3 1 3 S u p e r io r S t ,
Cable Address, “ K E X X E T H .”
rH E
A p b il 10, 1897.]
CHRONICLE
725
W a llin g fo r d (C o n n .) C e n tra l S c h o o l D is t r ic t .— B on d
Sale. —On A p ril 5, 1897, the $40,000 o f 4 per c e n t th irty -yea r
cou pon bonds o f this d istrict w ere aw a rded to E H . G ay &
C o., o f Boston, Mass., at 104*96.
B id d ers—
B id .
Y o u n g s to w n , O h io .— Bond S ale.—It is reported that th is
K. L. Day & Co., Boston, M ass...........................................................1 0 6 1 7 9
city has sold $5,400 o f 5 per ce n t sew er bonds. Interest o n
Jose Parker & Co., Boston, M ass............ .........- ..............................106*135
these securities is payable sem i-an n u a lly, and the prin cip al
Jas. IV. Longstreet & Co., Boston, M ass........................................ 105*875
Estahrook & i 6 , Boston, Mass......................................................... 105*826 will m ature as fo llo w s : $4,000 at the rate o f $1,000 per an n u m
Blodget, Merritt & Co . Boston, M ass................................ ............ 105*780
from O ctober 1, 1898 to 1911 in clusive, an d $1,400 o i O ctob er
Parkinson tfe Burr, Boston, Mass........................................................ 105*772
Edgerij* & Crocker, B oston, Mass.......................................... *......
' 05*760 1, 1902. both principal a n i interest being payable at the office
o f the C ity Treasurer o f Y o u n g s to w n .
A. A. Sm ith......................... ...........
.............................................. 105*510
S h a ron . M ass.— B on d S ale.— On A pril 5. 1897, this tow n
aw arded $10,000 o f 4 per cent w ater bon ds to E . H . G ty &
Co. o f B oston, Mass., at 106*59.
The oth er bids received
w ere :
E. C. Stanwood Or Co , Boston, Mass ....... ....................- ........... . 105*370
E. H. Rollins & Sons, Boston, M ass--------------- ------------ ------------105*210
YV. J. Hayes & Sons, Boston, Mass----------- ------------------ --------- - 105*070
Geo. A. Fernald & Co., Boston, M ass............ — ........................... 105*050
Blake Bros. & Co , B oston, M ass._______ _ .______ __________ 104*1 0
The securities are o f the den om in a tion o f $1,000 each,
dated O ct. 1, 1896; interest is payable sem i-an n ually on the
first days o f A p ril and O ctober, and th e prin cip al w ill m ature
at the rate o f $1,000 per an n um from 1917 t o 1926, inclusive,
both prin cip al and interest bein g payable at the N ation al
E x ch a n g e B ank o f B oston, Mass.
S p r in g fie ld , O h io .— B o n d Sale — It is reported that street
im p rovem en t bonds o f this city to the am oun t o f $3,131 have
le e n disposed o f at 102*924.
T a r r y to w n (N . Y .) U n io n Free S c h o o l D is t r ic t N o. 1 —
B on d Sale.— It is reported that this district has sold $89,000 o f
4 per ce n t sch ool bonds.
The securities are dated A p ril 1, 1897; in terest is payable
sem i-annually o n the first days o f April and O ctober, a m the
principal w ill m ature as fo llo w s : $69,000 at the rate o f $3,000
per an n um from O ctober 1, 1897 to 1919, in clu sive, and $20,
000 at the rate o f $5,000 per an n um fr o m O ctober 1, 1920 to
1923, in clu sive.
W est D es M o in e s ( la .) S c h o o l D is t r ic t .— B o n d S a l e S chool bonds o f this district to the a m ou n t o f $100,000 have
been aw a rded to N. W . H arris & Co. at 100*80. The secu r
ities bear interest at the rate o f i } 4 per cen t an d w ill m ature
in 1907, su b je ct to ca ll after 1902.
W in n e b a g o C ity S c h o o l D is t r ic t , M in n .— B o n d s A u th o r
ized .— I t is reported that high sch ool bonds to the am ou n t o f
|17 ,000 h a ve been voted by this district.
— A tten tion is d irected to th e cards o f the m u n icipal
houses published in the S t a t e a n d C i t v S u p p l e m e n t issued
with to d a y ’s CHRONICLE,
T he list in clu d es th e fo llo w in g
firms :
Blair & C o.,
Farson, L each & C o.,
K id J er, P eab od y & C o.,
R u d olp h K le y b o lte & C o.,
Lee, H iggin son & C o.,
W h ita se r & H od g m a n ,
K ou u tze Bros.,
Cushm an, Fisher & Phelps,
N. W . Harris & C o.,
B ertron & Storrs,
R L Dav & Co.,
P arkin son & Burr,
B lodget, Merritt & C o,,
E d w a rd C. Tones C o.,
Estabrook & C o.,
A u gustu s FI ty d.
E. D. S tan w ood & C o.,
—The U n ited States M ortgage & Trust Co. o f N ew Y o r k
are g iv in g atten tion to the preparation o f m u n icip a l bonds
w ith the view o f better secu rity against forgeries, etc. M any
m unicipal issues are n o w ch ea p specim ens o f lith og ra p h ic
w ork. T i e fo llo w in g safegu ards are re com m en d ed : B onds
ca refu lly en gra ved b y a responsible and sk ilfu l bank note
com p a n y , certificate o f genu in eness on bonds sign ed b y the
U . S M ortgage & Trust C o., certifica te o f legality on bonds
-ig n ed by w ell-k n ow n cou n sel, registration o f bonds an d p a y
m ent o f principal and interest in N ew Y o rk .
It is poin ted o u t th at bonds issued under these con d ition s
c tm mand a better p rice an d are m ore popu la r and readily
salable secu rity than those issued w ith ou t su ch saf. guarda.
The U . S. M ortgage & Trust C om p a n y is prepared to take
entire ch a rge o f preparin g bonds as in d ic a t e l at cost n ot
greater than is n ow paid for g o t d lith og ra p h ic w ork .
JHtsecUan ecus.
(Cotton.
C o ito u .
Hopkins, Dwight & Co.,
Henry Hentz & Co ,
C O TTO N , C O T TO N -S E E D O ils
ANI’
1 ( i to
SOU TH ERN PRODUCE
COMMISSION
MERCHANTS,
N EW YORK
D E L IV E R Y
C O T TO \ ,
At th e
N ew Y ork, L iverpool and New Orleans
C o tto n E xch anges. A ls o orders fo r
Lucius H opk in s Sm ith
Sam uel H opkins.
COFFEE,
A t th e N ew Y ork C offee E x ch an ge, and
H u bb ard Bros. & C o.,
C offee E x ch a n g e B u ild in g
H a n o v e r S qu are.
COTTON
L ib e r a l A d va n ce* m ad e on C otton
C onsign m en t*.
W m. R a t .
Geo. Copeland & Co.,
i i9
A t th e N ew Y ork P rodu ce E x ch ange
and th e C hicago Board o f Trade.
1 SUCCESSOR TO
MERCHANTS.
vi T . M a i n s .
u H A I N AND P R O V IS IO N S ,
j . Spencer' Turner,
MEW Y O R K ,
COTTON B R O K E R S ,
R e a r ! S tre e t,
N ew Y o rk .
B rin ck erlioff, T u rn er A Co.,
M A N U F A C T U R E R A N D D E A L E R IN
C O T T O N S A IL D U C K
AN D A LL KINDS OF
C O TTO N C A N V A S F E L T IN G DUCK
C A R C O V E R IN G B A G G IN G ,
R A V E N S DUCK. S A IL T W IN E . AC „
PO P E “ A W N IN G •’ 8 T R IP E S
AGENT
U N ITED S T A T E *
Mason Smith & Co.,
NEW OKI,LA.N S, L A .
M E M P H IS , TENN
DALLAS, T E X ,
Buyers o f Spot Cotton. Orders fo r C on tracts e x e
cu ted in the New Orleans, New York, L iverpool and
H avre Markets.
109
C O M M IS S IO N M E R C H A N T 'S
C otton E x ch an ge B ld g .
NEW Y O R K .
E x e cu te Orders to r fu tu re D elivery o f Cotton,
G rain and Provision s.
53 B R O A D W A Y . N EW Y O R K .
8 5 S T A T E S T R E E T , B O ST O N .
STOCKS
BO.\DS AND G it AIA
B ou gh t and Sold at 1-16 Com m ission.
S p e c ia l a t t e n t io n g iv e n to o u t - o f- t o w x
a ccou n ts.
TRAN SACT
A
GENERAL
B A N K IN G
STOCK E X C H A N G E BU SIN ESS.
AND
IN V E S T M E N T B O N D S.
A c c o u n ts o f Banks. B ankers and Individuals
re ce iv e d on fa v o ra b le term s.
N A T IO N A L B A N K R E F E R E N C E S F U R N IS H E D
U P T O W N O F F IC E , 1 1 3 2
BROADW AY.
W rite o r call f o r o u r “ 40Q*PAGE M A N U A L .” il
lustrated w ith railroad m aps, g ivin g co m p le te In
fo rm a tio n o f all R A I L R O A D and IN D U S T R IA L
properties, includ ing h igh est and low est prices f o r a
series o f 10 to 30 years o f Stocks, B on ds, G rain and
C otton, and also th e m eth od s o f bu yin g and sellin g
on m argin.
SECURE BANK VAULTS
B U N TIN G UO.
^ccoxtutau ts
F.
J.
Pi car d,
I O N S C L T I N G
E N G I N E K H
COLUMBUS, O H IO.
Examinations and Reports Made foi
Bankers and Investors of Railroad, Coal
Mining, Oil and Electric Properties*
SE N T.
J. a . Montgomery
Baily & Montgomery,
H aight & Freese,
H an k ers & C o m m is sio n S to ck B r o k e r s ,
m ine S treet, New Y o r k .
REFERENCES
Geo. W. B a il y .
Cable A d dress
“ RUDEUATION, N. Y
A fu ll supply, all W idths and C olors, alw ays It
stock.
C otton landed at m ills from S ou th ern m arkets a
e sp ecia lly . Orders fo r fu tu re de liv e ry contracts
ex ecu ted on New Y ork C otton E xch ange.
COTTON C O M M ISSIO N M E R C H A N T S ,
•*114 COItTLANDT.“
M ERCHANTS,
W illia m S treet, New Y o r k .
"•XECUTK O R D E R S F O R F U T U R E
R oom .Vi, C otton E xch an ge B uilding.
iuntavus C. H opkin s.
Charles D. M iller.
COlUm IS S IO N
Long D istan ce T e le p h o n e ,
Jos. O. Osgood,
M. A M . SOC. C. E „
GENUI NE
W E L D E D CH R O M E S T E E L A N D IR O N
R ou n d and Flat Bars n n d 5 -p lv Plates and A ngles
FOR SA FE S, V A U L T S , &C.
Cannot b e Sawed, C u t o r D rilled, and po sitiv e ly
Burglar P r o o f.
CH RO M E STEEL
W ORKS,
K ent A ve.. K eap & H o o p e r 8 ts.
Sole M an’ f ’ers In the U. S. B R O O K L Y N , N. Y .
Bliss, Fabyan & Co.,
« E W Y O R K .B O S T O N ,P H IL A D E L P H I A
Se l l i n g
agents
* o r L e a d in g B r a n d s
REPORTS ON INVESTMENT PROPERTIES.
B R O W N AND B L E A C H ED S H I R T I N G S
and S H E E T IN G S ,
PR NTS, DENIMS, TICKS, DUCKS, &0.
Railroad Location and Construction,
T o w e l* . Q u ilt*, W h ite G ood * an d H o sie r y
D r i C l s , S h e e t i n g s , <&c.t f o r E x p o r t T r a d e .
l!IO B R O A D W A Y , NEW Y O R K .
THE CHRONICLE.
[Y O U L X IV
jfvust ©otup auics.
U n io n
T ru st
o r
-o
%m\\
C om pany
v o r k
B road w ay,
N ew
.
N o ,. 4 8 <* < 7
OA P I T A
Y ork .
S t ,0 0 0 ,0 0 0
$ 3 ,2 1 3 ,0 0 0
-
•ECO t o .ACT A #
m o k to ao bs
of
0S
D E P O S IT S . w hich m ay
r Mm w hole tim e they rem ain
a i depositors this com pany
• ACCOUNTS*, su b jec t, in lie. to check at sight, and allows
ail,mg daily balances. Such
© Clwwitur H o u se .
©nd# m.
i m r OF M BAL ESTATE
u.*u and n iQ<ttftnt‘C o f ren ts.
t o th e «
It m akes am p le provision So Its
m i ; OLA A’ A M ) F I F E PR O O F V A U L T S
‘or th e sale* k eepin g o f securities placed in Its cuso s w hich it c»«lbvt* and rem its incom e.
EJ i W 4 E ! ) K IXC L President.
CO UN E l , i t 7* D. W O O D ,
/
JA ’*i A> H , 0 « .i !.V T E .
> V loe-P resld en ts.
AUGUSTUS"- KKU.EY. >
11, T H A Y E li. Secretary.
K, U. M E i i R I T A ^ i s i a n t ^ c s n e t a r y .
V R A W L I N G S . T ru st Officer.
C.
New York Security &
Trust Company,
48 WALL STHEET, NEW YORK*
C ap ita l, f 1 ,0 8 0 ,0 0 0 |P u rp le s, $ 1 ,£ 5 0 ,0 0 0
.C I U B h B S S- t’ A I S C I U U ) . P resid en t
U. .U. S T H O N G , 1st V ice-P res.
A B E A M M . H Y A T T , 2d V ic e -P r e s.
OSBORN* tv . B R I G H T , Secretary.
z m .A ll VAN L O A N . A s s t Secretary
A uthorised to m t m ex ecu tor, tru stee, adm in istra
tor, guardian, agent and receiver
fit reive* deim.dt* su b ject to sigh t d rafts, allowing
interest- A legal depository fo r court and tru st funds.
A designated depository for th e reserve o f State
Intasks. A ccou nt# o t hanks and Cankers solicited
TR U STEES,
& A FetreMid, |M, C . I). B orden, IJ am es A . Blair,
W. If A p pleto n , R. A y m a r S a n d s.,.!.G . M cCullough,
W tt. U Strong.
Jam es J. H ill.
H . H oagland,
W F. S tic k ler
E. N, G ibbs,
!J. W . Sterling,
* .G. Nelson.
I f . ti.Cr.mdert-.
III. W a lte r W e b b ,
•id-ward Uhl,
IJ am es Stillm an ’John A . McCall
S T .
L O U I S
T R U S T
N . W . C o r . Fo u r t h
and
C O .,
and
S
$ 3 ,0 0 0 ,0 0 0
urplus
0 0 .
O IR K O T O R 8 :
J*>hn T . Duvi*.
Aivnh M ansur,
L. M. Ilnnisey.
Too. A . Shudder,
Edward C. Simnmn,
* Bti
. Hsu
Edwin O. Standard.
J, Cl 'Van Bbireom,
Edwards W h itak er.
cLt
TH O R - II. W E S T . P resident,
fI <’ H «A r »ih k . ?*t V. P . Jn<>. 4 . Seudder, 2d V .-P .
J. th Pillar. Stay.
a . T . W e s t , A sst. Secy.
A U. ati-wart. f vun*r-l,
Isaac H . Orr, T ru stO fficer,
(fo e * m
P row l C o m p a n y B u s i n e s s ,
R hode
w . 11. Outturn,
I s la n d
C O N T IN E N T A L
T R U ST C O M P A N Y ,
OF
TH E
R,
St.,0 0 0 .0 0 0 |Pttr p hi*
Ij! ItKCTO R8.
1
*5?50*00©
. r. rt*»p ? r <r I.ippHt,
ItorsO o
itoywi C T a ft,
Hebert K night.
R l.H II, i. to-,,!ib»rd,
t o .W
U M aW sw n .
John W . DanSolsor
Herbert J. W all#
S. Cam p be ■
W illiam I* Ely
John C Peg ram
Robert I. Oarr, Ci
W illiam m m tsy,
W im w ® B. W M p n .
Rowland M » t a W .
Lym an B. Gotl.
Tnu^m W Maaor
tier,. Gordon K in*
Hnwimid 0 H arare
t lF I U H I t T J. W K l . f C
M AM 'L U D O R 1 U N C lt
Prv*. lent.
Vice>Prtwtoww
g G vr a HI* % CL A UK
V. >j a . G A M W E L L
■»'«*. tr-iary
A**sj*!a»*t S ecretan
i
OP
NEW
Y O R K ,
etive and !.<ecal ftotrertoe* tsioehi and void to ad
. P . w l n l r l n jf B f t m , 3 6 P i n e S t l f l s , 1 .
S U R P L U S ,
-
,0 0 0 (0 0 0
6 0 0 ,0 0 0
A legal depository o f m on eys paid into Court and
for A d m in istrators, E xecu tors. G u ardians
and
Trustees.
IN T E R E S T A L L O W E D ON D E P O S IT S .
Tru stees under M ortgages, T ra n sfer A g e n ts and
Registrars o f Stock.
B O A R D O F D IR E C T O R S .
Chas. Francis A d a m s. 2d. Sam uel L ittle,
Oakes A . A m e s,
S. E . Peabody,
Edwin F. A tk in s
Francis P eabody
Isaac T . B urr
A lb e r t A . P ope,
Sam uel Carr,
N . W . R ice,
F . Gordon D exter
R . E . Robbins.
David P. K im b all
W . B . T h om as,
H e n r y D , H y d e,
S. K N D 1C O T T P E A B O D Y , P resident.
N. W . J O R D A N , A ctu a r y .
E. A . C O F F IN T reasure
OLD C O L O N Y
TR U ST COM PANY.
BOSTON, MASS.
CAPITAL,
$1,000,000
SURPLUS, 1,000,000
T r a n s a c t s a G e n e r a l B a n k i n g B u H in e e s .
C A P I T A L ............................................. § 5 0 0 , 0 0 0
S U R P L U S .......................................... 3 5 0 , 0 0 0
O T T O T . B A N N A UD ....................... ..................... President
W I L L I A M A L E X A N D E R S M I T H ...1 s t V ic e Prus't.
G O R D O N M A C D O N A L D .. .2d Y ic e -P r e s 't an d S ec’y
H E N R Y B. P A B O L L ......................A ssista n t S ecretary
D e s ig n a te d b y t h e S u p r e m e C o u r t a s a
D e p o s ita r y lo r C o u r t M o n e y s.
In te r e s t a llo w e d on D e p o s its .
E x e c u te s a ll T r u s ts ,
TRUSTEES
W illtam Jay,
O tto T , Bannard,
A lfred M . H o y t,
R o bert W . D eF orest,
R u d olf K. F . Fliiisch.
G lran d F oster,
liohert S. H o lt,
G ordon M acdonald,
H enry M . Taber,
Gordon Norrie,
Oliver H arrlinan, Jr..
A . L a n fea r Norrie.
W m . A lexan d er Smith.
W illiam F. Cochran,
Robert Olyphant,
YY-alter JennUigs,
John C, liu vem eyer.
W illiam A . Har.ard,
W . Seward YVebb,
Franlt H . P la tt.
T ren or L. Park
ALLOWS INTEREST ON DAILY BALANCES SUBJECT
TO CHECK
TRUSTEE UNDER MORTGAGES. TRANSFER AGENT
REGISTRAR
T
S
h e
t a t e
T
C
r u s t
o
.
B O A R D OF D IR E C T O R S !
T . Jefferson C oolidge, J r., President.
O liver A m e s ,
W a lt e r H urraew ell,
C. W. Amory,
C a p ita l a n d
S u r p lu s ,
*
T . J e f f e r s o n Co o l i d g e , J r .. President.
C. S. TUCKERMAN, Vice-Prcjs’t and Treat.
G e o . P. G a r d n e r , Go r d o n A b b o t t .
F r a n c i s R . H a r t , Vice-Presirtrni s
E. A . P h i p p b n , Secretary and Ass’t Treat.
J o s e p h G. St e a r n s , A ss’ t Secretary.
Maryland Trust Co ,
$ 1 ,8 0 0 ,0 0 0
A c is n s T r u s te e , R e g is t r a r , T r a n s fe r a n d
F is c a l A g e n t o f C o r p o r a tio n s , a n d n s E x
e c u t o r , A d m i n i s t r ant o
o r , T r u s t e e ., O
Hu
nn
a r d ia n
an d C o m m itte e o f E s t a t e s .
L e g a l D e p o s itc r y lo r C o u r t a n d T r u s t F u n d s .
Takes
lu ll c h a r g e o f R e a l a n d P e r s o n a l E s t a t e s .
In te r e s t a llo w e d on D e p o s its .
F R A N C IS S. B A N G S , President,
M A U R IC I5 S. B E C K E R , Secretary.
H . M . FE tA N C IS, Treasurer.
H . B . B E R R Y . T ru st Officer.
TR U STEES.
H e n r y Steers,
W illis S. Paine,
G eorge W . Quintard,
H enry H . Cook,
itorresl H . Parker,
Charles R. Flint,
Charles Scribner,
W . L . Trenholiu,
Charles L . T iffany,
W illiam B. K endall,
G eorge W . W h ite ,
W a lt e r S. Johnston,
Joseph N. H al lock.
Francis S. B angs,
Edwin A , McAJpln,
Francis L vn d c Stetson,
Andrew M ills,
T h o m a s A . M cIntyre.
W illiam A , N ash,
Geo. Foster Peabody, Edward 1*1 Poor.
A nson G . M cC ook.
J. D . Probst,
GUARDIAN
SttCU R IT Y
&
Deposit Company,
BALTIMORE.
General Banking and T r u st B usin ess. B ecom es
Tru stee under M ortgages or Deeds o f Trust- F in an
cial or Tran sfer A g e n t for S tates, Cities or Corpora
tions, fete,, etc. Pays in terest on Deposits.
E D W A R D S T A B L E R , J r ., P resident,
W M , M . B Y E N , S ecretary and Treasurer.
D A N I E L M IL L E R . J j *N. K , T A Y L O R , V ic c -P es’ts
E xecu tive ComntHt.ee; W m , H . B osley (John S.
ton. Hies & C o.), Oft inn an, G eorge B . B aker, H en ry
C, M atth ew s, Job L B lak e, F ran cis A . W h ite , M att
C. Fenton, Lewis
Case! rU
Metropolitan Trust Co.,
3 7
and
O f the- City o f N ew Y o rk ,
3 9 W a l l K treet, N e w
W . Powell Mason,
IL P. C heney,
G eo. V . h. M eyer,
T . Jefferson Coolidge,
Lau ren ce M in ot,
C b as. E . Ootting,
R ichard O lney,
G e o . F. F ab yan ,
H e n r y R. R eed,
Geo. P. G ardner,
N athaniel T h ayer,
H en ry S, H ow e,
Stephen M . W e ld ,
H e n r y C. W e s to n .
100 BROADWAY.
T ru st C om p a n y ,
a
C IT Y
COM PANY,
BOSTOBI, MASS.
CAPITAL,
1 1
30 BROAD STREET,
Hospital Trast
I 'B O V I D E X C E ,
flap*Ini
D, 0. Mills.
Locust S ts ,
S T . I .O I J I S , M O .
C a p it a l
1 1 , 1, cvmiwmv ia » lepxl Uopoeltory fur m oneys
,, , 1,1 in to C ourt, ano Is H u tk orlied to « c i « « Gunrdlim,
Trust*--* or K n -eutor.
' S U 'l l o r s , Adm inlstrafore, o r T r u s t s e a o f E sta tes,
K ellK lou. nndRenevolent In stitu tion s, and IndiYldoals, will And this C om pany a oonyenient depository
tor monos
J O H N A . S T E W A R T . P residen t,
D. W I L L I S J A M E S , V ice-P resid en t.
J A M E S ? . C L A R K . 2d V ice-P resident.
H E N R Y L, T H O K N K L L . Secretary,
L O U IS G. H A M P 't'O N , A ssisi- S e c y .
TRUSTEES.
Samuel Sloan,
Charles S. S m ith. G eo. F . V ictor,
Li. W illis Jam es, W in . K o ek eteller, W . LValil. A s to r ,
J ohn A . Stew art. A lexan d er E. O rr.-lam es Stllim an ,
.1.11. R hoades,
VVm. II. M ac y. J r.J oh n Claftn,
Ansnn P. S to k e s.W m . D, Sloan e, J ohn J. Phelps,
John c . Brown. G. H . Schw ab.
D aniel Lord.
Edward Cooper, F rank L y m a n ,
J ohn 8 . K enn ed y,
of
43.il w tllidniw n on five d a y s'
W
TRUST
SURPLUS.
■gh'O K l’ F O B itO X B Y .
I*
j. v
L A N D
$ 1 1 ,5 0 0 ,0 0 0 .
IN T E R E S T
ALLO W ED
ON
O K P O S IT S
which may bo m ade at a n t tim e and w ithdrawn
a fter B vs tlniV n otice, and will h « e n tlt,ed to «n tw est Tor the w hole tim e th e y m ay rem ain with th e
accept# th e tr a n ife r agency
uksiv
-A N D -
W A J .% 8 T K K M T .
msSra’ or, Guardiar,
• or Tru*tee,
:k
M AA,
A M E R IC A N LO AN
United States Trust Co.
Y ork .
....*1:888:888
Designated as a legal depositary by order o f
Suprem e Court. R eceive deposits o f m on ey on in t crest, act m fiscal or tra n sfer agen t, or tru stee for
corporations, and accept and ex ecu te any iegal trusts
from persons or corporations, on as fa v o ra b le term s
as othe similar com panies.
f<?«. IFrea’k
D. T»pp«n, V.-Pre».
_______
T h om as H lU hou M , Pres.
___________
C, M . Jesup,
s.
Secretary.
. . . . . 2d V .-P. r. ee«.
B eve
e v srrly
lv CChew,
how , S
eorel—
U aym ond J. Chatry A M lita n . Booretarr.
C O R N E R S O U T H A N D G E R M A N t*T ».
BALTIMORE.
C A P I T A L , 9 1 ,0 0 0 ,0 0 0 .
A
L B G A L D E P O S IT O R Y
FO R C O U R T AND
TR U ST FU NDS.
A c t s as Financial A g e n t fo r S tates, C ities Tow n si
Railroads an d oth er C orporations. T ran sacts a gen
eral tru st business. L e n d s m on ey on approved s e
curity. A llo w s in te re st on special deposits. A cts
as T ru ste e under M ortgages, A ssign m en t# and
D eeds o f T ru st, as A g e n t f o r th e T ran sfer or R egis
tration o f Stocks and B on d s, and fo r th e p aym en t.o f
cou p on s i nt©rest an d dividends.
J. W I L L C O X B R O W N . P resident,
L L O Y D L . J A C K S O N , F irst V ice-P resid e n t
H E N R Y J. B O W D O L N , Second V iee -P resld e n t
J. B E R N A R D S C O T T . Secy. & Treas.
DIRECTORS;
W m . A . M arburg,
F ran k B row n,
A le x . Brown,
H . J. B ow doin,
L eopold Strouse,
B asil B . G ordon ,
H e n r y W a lte r s,
W . B . Brooks,Jr.,
Lloyd L . Jackson , W .H . Bald w in. Jr
JoshuaLove"’!^
H . A . Parr,
C layton C. H a ll, J am es B ond
J, W ilc o x B row n, J. D . Baker.
B. N , B aker,
John B . G arrett
Fred’k W . W o o d , F, M .T h ie r io t,
Fred M . C olston , F . S . B angs.
'
w
A‘ ndrew
D .J- ones, —Doug. H
1 -G o rd o n
Mississippi Valley Trust
Company,
N. W. cor. 4th &Pine Sts., St. Louis, Mo.
C a p i t a l a n d B u r p l i i H . . ....................... 8 3 , 0 0 0 , 0 0 ( 1
U N D E R S T A T E S U P E R V ISIO N .
$ £ 0 0 , 0 0 0 d e p o s i t e d w i t h B t a t « o f lle o r to
p ro te c t tr u st lla b lllt le * .
A G E N E R A L T R U S T C O M P A N Y B U S IN E S S
A llo w s in terest on D eposits.
A uthorized to a ct as E xecu tor, Guardian, Receiver
T ru ste e, &c. M an ages E sta te s. C ollects R en ts.
B ecom es Surety on all kinds o f Court B onds.
H a s S a fe ty D eposit V a u l t s ; A Savin .*s Departraer t
I N V E S T M E N T S E C U R I T IE S A S P E C I A L T Y
D IR E C T O R S
C harles Clark,
G eo. H . Goddard.
Them, T . T u rner,
J am es Campbell
W m . F . N olker, J .T .D r u m m o n d ,A u g u st Gehner,
T . O’ Reilly, M .D ., S. B . H oilm au , J u^'.us 8 . W alsh ,
8 am . M .K e n n ard , D . W C aruth,
W illiam son Bacon
A u g . B . E w ing,
Thus. K. T u tt, Breekenr'ge J ones
E lnier B . A d am s, D avid R. Fran cis.H enry H itchcock
W m . D . O rthw eln
O F F IC E R S
JULIUS 8 . W a l s h , P resident.
B r e c k i n r i d g e J o n e s , M V lc e -P r e sT ’
D ajL A cn r C h a n d l e r , Secretary'
@FedFRASER