Full text of Commercial and Financial Chronicle : April 11, 1896, Vol. 62, No. 1607

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HUNT’ S MERCHANTS’
W eekly

MAGAZINE*

U w papn,

R E P R E S E N T IN G TH E IN D U S T R IA L AN D COM M ERCIAL IN T E R E S T S OP T H E U N IT E D STA T E S.
fS atored aeo >r.iinsr to Juut o f Coasrraj.s in xtie ro a r 1396, b y the W il lia m B. D a s a O o u i R T , in t i e office o f tile lib ra ria n of Congress.]

YOU 62.

SATURDAY, APRIL It, 1896.

NO. 1,607.
W eek ending A p ril 4.

3*lie C h r o n i c l e .

Clearings at—

Terms of Subscription—Payable In Advance:

New York....... .
Philadelphia...........
Pittsburg....... . . . . .
Baltimore------* —
B u f f a l o .. .. .. . .. .. .. .
Washington......... .
Rochester.................
Syracuse.. . . . . . . . . . .
S c r a n t o n ............

F ar One Y e a r ..—. ____ . . . ___________________ ________ ___ §1 0 00
F or Six M onth*....... ........................... .....................................
6 00
European Subscription liaolndlni? p o s ta g e )..................... 12 00
European Subscription S ir M onths {ln cladin g p osta g e).
7 00
Annual Babseriptfon In L ondon (Including p o sta g e )-----£ 2 lOg.
Six M o«.
ia .
do.
do.
----- £ 1 lOe.
Tbe fjryxarOM ’ B OFruntssrr w ill b e furnished w ithout extra eharge Wilmington...........
to every annual subscriber o f tha Comm lh cia l AMD F inancial Bingham ton.......... .
Total M iddle.......
CBBOmCLK.
Tbe s t a t b aki> C rrr S o m s u i s r will also be furnished without
Boston, ......
extra eharge to every subscriber o f the C ffs o sio n s.
Tbe STREET R aji. w a v StnfPtBwejrt will likew ise be furnished with Providence..,
H a r tfo r d .....
out extra charm to every subscriber o f t t a OilKOBicw:.
New Haven...
The Q ootatios Strm.K HUDfT, issued m onthly, will also be furnished
rtngfield-----without extra eharge to every anbeoriber o f tbe OBBOKiulb .
orceater.— . . . . .
F ile oovers are sold at SO cent* e a c b j postage o n the sam e is 18 P o rtla n d ...... . . . . . .
Fall
R iv e r..............
cents. File c o v e r fo r supplement* can be bad a t office for 65 cents or
L o w e l l . ., .- .. . .. ,. ..
mailed fo r 80 cent*.
New B e d fo rd .......

1896.
527,419,0
50,720,224
1+0S7J&?
ll.v09.UH
3,802,753
2,019.102
1,561.SOU
919,708
710,103
338,10
620,587,756

585,413,706
76,313,437
10,061,72
17,0110,248
4.053,252
1,922,813
1,588 542
1,006,803
727,265
757,001
417.300
705,292.723

537,77^
109,0*8,763

09,716,122
5.3.i0 5i 0
2,137 4,782
1,524,152
1,492.811
1,457,40j
1,339,012
710,38:3
036,242
621,683
115,423,592

W7,4««

t

Terms of Advertising—(P er Inch space).

Total New Eng...

O n e t im e ............................... *3 50 i Throe M onths (13 tim<Mi)..*25 00
O ne Month
<4 tim e s).. i l 00 S ir Month*
(86 “
43 00
T w o Month*
(S «
I . IS 0 0 1T w elve .Month* <58 "
) .. 59 00
rott.
(The ab ove te n s * tor o n e m onth and upw ard are fo r standing cards.) C lev elan d ..,

London Agents:
Messrs. E d w a b o s * S u rra , 1 Drapers’ Gardens, E. C.. w ill take snb
» r lp iio n «a u d advertisem ent*, and supply sin gle o o p le a o f the paper
at 1*. each.
W IL L U M B.
C o n r iN Y , P u b tU h era ,
M ine S tre e t, C o r n e r o f P e a r l S tr e e t,
?OST o r r i o JMx 958.
NEW YORK.

OLE A R i m

H O U SE RETU RN S.

The follow in g table, made up by telegraph, etc., indicates
hat the total bank clearings o f all the clearing houses o f the
United States fo r the week ending to-day, April 11, have
been 1948^48,H99, against *968,481.293 last week and *889,125,462 the corresponding week o f last year, Good Friday
occurred in the week o f last year.
Week En.ilu.fi AprU it.

Gt.B4.altf0 8 .

Kttnrru by Telegraph.

2396.

1805.

Percent

New Y ork ... . . . . . . . . . . . . . . . . . .
Bo»tnn ...... ............ —.......... .
Phllivleiiffibt...........................
Baltimore ................. .
Chtca*. ................................
St- Louis . . . . . . . . . ---- . . . . . . . . .
Jfeir Orleans------------------- --

9432,158,900
74.787.S8S
SJ.743.T40
11,069,145
8S,997,ass
20,411,283
8,359,071

§425,903,425
71.S34.158
41,585,700
8,472,300
69,783,291
21,578,000
8,575.285

+1-8
+4*5
+28*8
+30*7
-1*1
-5*4
+27*1

Seven cttle,, 5 d a y ,...... .
Other cities, 5 day*...............

1(508,527.582
127,218,214

§845,492,255
124,093,028

4 30
+2 5

T otii »U oitlM, 5 d *y»....
AU citte*. 1 day......................

*795,740.778
153,107,823

S78S.585.853
112,539,609

+3'4
+30*0

Total *11 oitie* for w eek -

*948,«48,399

*882.1*5.462

+7-8

Milwaukee.. . . . . .
Columbus.........
Indianapolis . . . .
P e o r ia ...... . . .
Grand Rapids.
Lexington,. . . .
K alam azoo....
Akron.
Bay C ity ,.. . . . . . . . . .
R o c k fo rd ..... . . . . . .
Springfield, Ohio...
C anton.............. . . . .
Toledo*.........
Dayton*— . . . . . . .
Tot. Mid. W e#tfn.

San Francisco...
Salt Lake City...
Portland..............
Los A n g e le s .....
H elena-...............
T a c o m a ..........
Se attle,.........
Spokane.
Fargo...
lioux F*
Total P acific....

88.48l.OH
.
5,332.710
5,171,171
4.083,270
3.275,tfix
2,152,547
1,97,1,72-751,212
8*4,545
241,771

81,544.059
14.471,550
5,893.319

14,511,04!*
2+3+4' 7
974 43'
1,218.831
673 0 »7
483,900
321.00'*
4*14,757

W 2
20,227,079

9,008,07!

Kansas City. . . . . .
M inneapolis.... . .. .
Omaha....................
St. P aul.............
D e n v e r.... . . . . . . . .
St. J o s e p h ......,,,
D es M o in e s ..........
Blosx U l t y . . .. .. .. ..
Lincoln. . . . . . . . . . . .
Topeka................. .
W i c h i t a ............
F r e m o n t ...,.,,....
H a s t i n g s ............
Tot. other W est

29,929,540

St. Louis.............. .
New Orleans..........
Louisville.............
G a lv esto n ,..._____
Houston...........
Savannah............. .
R ic h m o n d ............
M em phis,... . . . . . . .
A tla n ta ..................
D a l la s ......... . . . . . .
Nashville,................
N orfolk....
W aco.. . . . . . .
Fort W orth..
A u g u sta ........ .
Birm ingham ......
Little R o ck ... —
Jacksonville........
Chattanooga........
K n oxville*.........
Total Southern..

20,85L44<
8.385.91 e
6.090.300
2,206,402
1.7011,073
1,591,873
1,910,119
1,577,320
1.220,513
1,169 925
872.492
1,018,721
058,042
575,000
825,250
347,111
302,041
340.466
255,75>
346.161
52,507.367

5 627.323
4,U0,4i’3

! M
368.621
3<4,31«
290.035
444,052
66.756

74,728

The full details o f clearings for the week covered by the
above statement w ill be given next Saturday. IVt cannot, of
course, furnish them to-day, bank clearings being made up by
the various clearing houses at noon on Saturday, and hence in
the above the last tw enty-four hours o f the week have to be
In all cases estimated, as we g o to press Friday night.
Our usual detailed figures for the previous week, covering
the returns for the period ending with Saturday noon, April
4, are given below, and w e a iso present the results for the
corresponding week in 1895, 1891 and 1898, In comparison
with tne preceding week there Is a gain in the aggregate
958,481,295
Total all............ .
exchanges of nearly eighty-nine million dollars, but at New
Outside N . York. “431,03^203
Y ork alone the increase L forty-tw o millions. Contrasted
with the week o f 1899 the total for the whole country shows
a decrease o f 8'8 per cent, Compared with the week of 1891 M ontreal,,...,....
7,603.549
5,298.0-3
the current returns record a loss o f 0*8 per cent and the loss T o r o n t o ...........
905 199
Halifax...............
from 1898 is 25 5 per cent. Outside of New York the decline W in n ip e g ...... . . .
533.297
from IBS15 is 7'5 per cent. The excess over 1894 reaches 0*5 per H a m il t o n ...... . . .
15.3 <0.072
Total C an ada.....
cent, but making comparison with 1898 the lew is seen to be
* Not included In totals.
20*4 per cent.

531.975,730
74,375,536
22.965.682
lo.284.H57
3,051,334
1,731,247
1,646,509
9H4,56&
672,220
-0'3
718,76 i
435,900
-19*0
—12 c 842,402,371
-9 *9
—25*"
—12 3
—29‘ri
—6 2
+-5*0
—1‘5
—4.9
+26*5

8*?

180.000
259.479
190.802
208 803
33,21

- 2 i '3

121,802,420

4-2*9

117,086,269

1.247,497
.
601.509
458,403

237,94

+

—130
-9 5
-8 -7

-18-9

-ir e

4-72-5

4 ON
+86 ,
4-1-0
4-17-6
-2 7 0

—16*9
4110

—6*0

1,Si-0,000
1,1 Hr*,978
1,207,« R6
414,951

0UO.O m

364,420
118.045
63,-102
17,532,434

9.922.810
5*344,305

10,232,005
5.058,140
3,579,762
3,458,43"
3,758.1*!*
1,475,152
3,349,953
681.099
418,595

5 3O1.S20

2,982,000
3+95.296
1.823 936
56,300
799,143
569.010
451.0*7
498,717
85.000
121.800

471.856
515.175

71,6-26

02,112
30,764,089

2,383.003
1,878.944
2,192,813
2.300,871
1,292 310
1,135,789
1,281,0 6
1,371,147
750,0U0
007,744
327,000
285,369
399,105
326,837

7i f e f i

17,732.503
14,818,968
4.804,953

1,011,058
357,700
865,102,509

103.899,997
15,256,500
8.343,838
6,044,307
10,573,709
3.586,000
910,165
1,914,300
1,003,748
405,095

153,034,910

293,401
358.785
224,906
175,000

12,713,544
15.400,588
1,580,575
1.977.509
1.191.809
2,320.046
1,140.808
1,318,056
5U.513
871,587
572.938
1.131,098
856,208
1 305,335
331491
3,000,426
95.917
15.1.995
169,219
19,154,827 “ 25,659,974

31.096.131

23,949.53:
10,173.029
0,5 20,99V

1893.

584,084
129,119,210

-4 -8
79 207,191
13,913,8-0
0 183,595
4,085.32V
4.041,717
3 .80 500
1.2 0,950
1,953,322
78w,5(}n
952.2-U
167,012
106,139
184,HS
195,391
198.310
205,789

ys8&
3,83rt,2uu

212,10
218,28"
211,70'
196,2^0

180,46.
1,251 651
556,078
125,390,200

1894.

1895.

—13‘J
- 7 7 ’5

+2*6

-15*8
-26*1
—15*8
—12*4
-31*4
—5*1
+3*0
—31*9
+17*1
-52*0
—23*8

A ll

—21*7

11,400,740
8.467,238
6.801,188
5,024,041
5,749,973
1.949.447
1.442,800
1 243,750
603,782
357,900
562,918

»

31,712,272

43,783,819

21,260,691
7,639,15 1
7.123.957
2,032,227
1,065 546
1.010 328
2,203,028
1.565.043
1,002,630
1 019.728
1,015,672
1,215,201
758,036
475 000

26,130,530
11,928.888
8 328,250
2.819,639
2,475,963
1.884,118
2,522,816
3,961,998
1,405,009
1,000,060
1,585 842
904,771
695,084
092,396

345,582

631.883

553,384
230,836

012,679
492.523

00,672.960

67,363,393

1,053,468,818

965,882.848 1,285,963,816

486,045,112

5.3*0,791
1,194,739

-1 9 2
—0*4
-24*2

665,167
17.406.410

-1 1 -4

9,481,088
741,625

428,907,112

541,551.133

11.277,340
5,816,38'

8 393,933
7,954,774
1,181.972

l,17n.533

809.94
804,'M i
1,294,523
20,874,728 ' ~1§^34,720

658

THE CHRONICLE.

1896 “ popular loan” transaction and the last on
S U P P L E M E N T — April 1.
N ov. 27, ’94. J u ly. 1, ’95. Feb. 1, ’90. Apr. 1, ’90
A P R I L A N D OCTOBER.
Holdinos in Sub-Treasuries—

TH E

STATE

AND

C IT Y

We issue this week the April edition of our
ajtd

C

[V ol . L xII.

it y

S

u ppl e m e n t

.

St

a t e

This is the most elaborate and

extensive of the publications which the

C

h r o n ic l e

carries.
Hitherto we have published only one edition of the
S t a t e a n d C i t y S u p p l e m e n t each twelve months, and
that in April.

It gives us pleasure to announce to-day

that hereafter this

1
*
57.784,439 107,512.302
0,953,031
29.965,754
20.865,'27
30,109,092
11,917,259
26,160.500
3,900,735
4,043.489
10,002,010
16,552,845

f
*
46.845,507 120.640,401
22,296.403 20,570,664
32,352,814
27.lu3.095
72,010.170
7P.982.534
10,109,050
7,110.998
14,186.737
15,246,374

Total cash in Sub-Treas’s.net.l 23,499.101 214,950.702
A mount in national banks....... . 14,920,730
15.768,941

195,^51,028 283,859,345
14,803,803
27,010,994

Net gold coin and bullion......... .
Net silver coin and b u llio n ..... .
Net U. 8. Treasury notes.. . . . . .
Net leural-tender notes.............. .
Net national bank notes............ .
Net fractional silver................... .

Cash in banks & sub-treas .138.425,837 230,719,643 210.055,431 310.870,339
Deduct other liabilities, *net. 38,818,972
35,479.490
39,003,053
39,228,591
Actlial cash balance............. WMS06.8G5 195,210,153
* “ Chiefly disbursing officers’ balances.”

111,591,778 271,011,718

will be issued twice

Our New York City bank holdings of currency and
The unparalleled gold near the same dates as the foregoing are sub
success which has attended the liberality we have prac joined.
Su

p p l e m e n t

every year— in April and October.

ticed towards our subscribers in giving to them all of
our Supplements without additional cost encourages us
to make this further issue, knowing that it will greatly
enhance the usefulness of the work.
It is proper to announce here that it is likewise our
expectation later in the year to materially increase the
size of our
tors’

S

Q

u o t a t io n

u ppl e m e n t

.

S

u ppl e m e n t

and of our

I

n v e s



Indeed, we have but one limit

to our plans and purposes, and that is to continuously
cover the field we originally undertook to occupy.

To

attain that means of course uninterrupted progress.

TH E

F IN A N C IA L

SITU ATIO N .

The most important feature of the week has been the
shipment on Tuesday of $800,000 and on Thursday of
$500,000 gold coin to Germany. This of course would
be a matter of no moment were it not for its bearing on
the currency situation. It is reported that the gold is
for the account of the Russian Government. The metal
very likely is taken from Hew York in preference to
Berlin or any other European ceotre because of a
desire not to disturb the foreign markets; and yet the
movement of coin probably shows a small profit and
therefore is not forced. The last two statements of the
Bank of Germany have shown a decrease in specie of
about £3,500,000. As the gold holdings by that bank
are now only about 29 million pounds sterling— this
compares with 36 millions sterling a year ago— it may
be assumed that the gold in the bank of Berlin will not
be drawn on as long as the metal can be obtained from
America.
It is a question of considerable uncertainty how far
gold can be taken out of this market for shipment
abroad without depressing exchange rates. The situa
tion has been materially altered in impirtant pirticulars affecting that pioblem; if we go back to Novem
ber 1894 the differences are very striking, and even
compared with February 1 1896 the amount of cur
rency afloat has sensibly lessened. Just at present the
depositary banks are carrying about 12 million dollars
more Government cash than usual, the excess being a
part of the proceeds of the bond purchase; that will
soon be transferred to the Sub Treasury and may be
considered as so transferred in making comparisons.
To indicate the relative position of the Treasury cash
we give the following, showing the holdings November
27 1894, a few days prior to the December bond nego
tiation of that year, also the holdings July 1 1895, the
date they were near their highest point as a result of
the sale in February 1895, and likewise the holdings
at two dates this year, one previous to the February

N.
T. Banks— Dec. 1, ’ 94. June 29, ’ 95. Feb. 1, ’96. Mar. 28, ’ 96.
Surplus reserve. ,$52,220,800 $34,225,925 $39,623,400 $18,147,425
Legal te n d e rs ....120,652,100 111,603,600
85,389,300
79,769,400
Specie................ . 76,527,600
65,231,400
76,845,900
58,931,900

The above calls for little comment as it speaks for
itself. On April 1 1896 the Treasury cash stood at
$310,870,339, against $138,425,837 Nov. 27 1894 and
$230,719,643 July 1 1895 and $210,655,431 Feb. 1
1896, while the banks’ surplus reserve stood at $52,220,800 at the earliest date given (Dec. 1 1894), against
$18,147,425 at the latest date (March 28 1896) ; it is
well enough to add that on March 28 1896 two backs
held half of the surplus and six banks held two-thirds
of it.
Among the notable deliverances this week in favor
of sound money was one made by the Maryland
Bankers’ Association. After declaring that they were
unalterably opposed to the free coinage of silver, they
stated that the true interests and welfare of all classes
of the country will be best served by a rigid adherence
to the gold standard. What made the occasion par
ticularly noteworthy was that the Convention not only
passed the resolution, but passed it unanimously and
with great enthusiasm. We notice an interview con
cerning the same general subject in the “ Commercial
Advertiser” of this city with Mr. George B. Roberts,
President of the Pennsylvania Railroad, which is clear
and outspoken. He says that the great need of the
business world just now is a sound currency system.
There is no reason why our country should not be en
joying the largest prosperity. There is nothing the mat
ter with our material condition. “ Bat with the silver
craze and the war fever rampant, who is willing to
take any risks ?” He said that business would “ im
prove the minute the St. Louis Convention puts a plain
but positive plank in its platform for sound money, so
that people everywhere can understand it. And then
if the Chicago Convention does likewise we shall have a
splendid beginning for the revival of business.
While general business remains very quiet as hereto
fore, in the iron trade— which has so frequently proved
a barometer of our industries—-the accounts are better
than they have been for a long time past. Prices are
higher and are firmly held, and the demand for pig
iron appears to be very active. In confirmation of this
statement it is only necessary to read the reports to the
“ Iron A g e” of this city from the leading centres. We
do not remember a time when these reports have been
go uniformly favorable. From Philadelphia the state
ment is that a very large business has been done, some
leading concerns having sold more pig iron in March
than in any similar period within twenty years. From
Chicago the “ Age’s ” correspondent reports “ a very
heavy business by all pig iron houses,” with esti
mates of contracts for 30,000 to 40,000 tons of iron

A pr il l l , 1896.]

THE CHRONK'LE.

659

placed duriDg the week, “ all classes” of iroa pirticiWe do not understand the Norfolk & Western’s
patiDg in the improvement.
Prom St. Louis the reason for this course nor can we see how any advan
annonncement is that “ the market has improved very tage can result from it. Moreover we violate no confi
materially during the past week,” from Birmingham dence when we say that among conservative classes its
that “ there is a decidedly better feeling in the iron action is viewed with great disfavor, and considered
interests,” and from Cleveland that “ inquiries are detrimental not only to the trunk lines but also to its
brisk and there i3 more activity in the various branches own interests. There has never been any question
of the iron trade than has been reported for a good as to its being entitled to a differential rate, and
while.” At Cincinnati the statement is that “ activity the only restraint which membership in the Joint Traffic
has been the most prominent feature of the local mar Association could impose upon it would be to compel the
ket for pig iron during the past week. In fact, so fast observance of such differential rate instead of permit
and thick have orders been received and booked at the ting the road to cut below it. Surely there can be no
prices named a week ago that the powers that be, in great hardship in that. It is possible that under such a
control of the destinies of Southern pig, have become policy the road might not get quite so much gross
alarmed and caused a halt in the selling movement, at business as at present, but the net results certainly
least until a review of the situation can be intelligently would be b-tter. The time has gone by for hauling
taken without further committing contracting parties.” freight at a loss, and now that the Norfolk & Western
Such a concensus of views from different part3 of the is to be reorganized, it ought to join its neighbors and
country, ail speaking of improvement and activity, rivals in some business-like arrangement for getting a
certainly evidence a decided revival in this most im fair return out of the transportation business.
portant of the country’s industries. Of course it may
There has been no specially new feature in the
be, as one or two of the correspondents of the “ Age” markot for money this week. Rites ou call appear to
intimate, that it is the fear of higher prices that is have shown a slight improvement towards the close
inducing the present heavy purchases. But obviously of the week; before that th*y appeared to have settled
in establishing business revival the great thing is to down to the rates ruling during the greater part of
get the movement started— to overcome the prevailing March, with aa abundant supply at 3 to 4 per cent.
inertia— and in this sense the present movement, The foreign bankers are seeking to place time con
though possibly based on temporary and exceptional tracts at 4 per cent for four mouths, but they come
causes, offers much hope for the future.
We into direct competition with domestic lenders who are
see that the
“ Age’ s ” monthly statement of willing to make engagements at the same rate, and con
pig iron production shows for
April 1 a sequently but few transactions are reported. Brokers
further decrease in the number of furnaces in in commercial paper find an improvement in the in
blast, it being now given at 203 agaiast 207 March 1 quiry for first class names and more business could be
(and 242 December I), but an increase in the weekly done if the supply were better, but there does not
capacity. The capacity per week for April 1 is re seem to be any pressure of names, which is probably
ported at 190.281 tons, against 189,583 tons March 1 ; accounted for by the fact that banks generally are
previously the capacity had steadily declined since the dealing quite liberally with those of their customers
1st of last November, when it reached its maximum at who may require accommodation, and therefore the
217,306 tons. It appears that stocks of iron are still paper does not come into the Street. The amount still
increasing, the furnaces reporting showing for April 1 due at the New Y irk Sub-Treasury on bond account
a total of 718,241 tons, against 660,076 toms March 1 April 10 was 42,880,000. The specially designated depos
and 396,669 tons November 1. But this latter in its itary banks have this week voluntarily turned over to
bearing oc the future is a matter of little consequence; the Sub-Treasury 42,024,833. Tae p iyments for bonds
with a continuance of the revival noted above, it would at the Sub-Treasury, the withdrawals of gold, and the
not take very long to clear off the wnole am mat of the net gain or los3 for the week, together with the
amounts to date, are showa in the following.
stocks.
Payments.
Withdrawals.
Net.
Mr. Blanchard, the Commissioner of the Joint
Fob. 8 to April 3. ...*82,210,5*9-13
121,757,039
*10,453,550-13
Traffic Association, has issued an order suspending the April
4 ........................
11,229-03
54,100
*43,170-97
rnles of the Association as to all traffic to anl from
•* 6 .......................
44,752-93
169,100
*124,347-07
•• 7 .......................
28,120-80
82,100
*53,979-20
points in Virginia south of the line of the Ciesapeake
•< 8 ......................
117,235-85
79,900
37,335-85
& Ohio Railroad. This is done to enable the lines in
• 9 .......................
295,929-78
114.370
181,559-78
“ 10......................
50,209 28
231,010
*183,790-72
the Association to compete with those outside of the
Total...................
$62,758,066-80
*22,490,909
*40,267,157-80
Association. The action is significant as showing
L obs.
that the new Association is working smoothly and
Money on cill, representing bankers’ balances, has,
satisfactorily, and also tbit every effort will be
made to protect the interests of the members as stated above, loaned this week at 3 and at 4 per
of the Association, but that steps to that end will cent. Very few transactions are reported at the higher
be in accordance with a regular and orderly course of rate and the average for the week has been about 3£
procedure. It is to be regretted that such action percent. Banks and trust companies quote 3^-per
has been fonnd necessary. It is aimed, we understand, cent as the minimum. Foreign money has been offered
more particularly at the Norfolk & Western. At all on time in fairly liberal amounts during the week at 4
events that roal has been a free linca outside the per cent for ninety days to four months, but not much
Association, and has latterly been taking grain at 13 has been placed. Domestic money is quoted at 4 per
cents a hundred poanls from Chicago to the seaboard ceot for thirty to ninety days, 4| per cent for four to
against the established tariff of 20 cents. Great efforts five and 4^^5 per cent for six to seven mouths, and
have been made to persutds ths Norfolk & Western to brokers rep >rt only a moderate demand and a light
join the Association, but thus far it has resisted all business. Tae inquiry for commercial paper is in 
the inducements and is proving a very disturbing creasing, but there does not seem to be any pressure
of names. Qiotations are 5£@6 pir cent for sixty to
factor in the trank-line world.

660

THE CHRONICLE

[VOL. LXH .
--------- - -w

-----

i

i

.

„

DAILY POSTED RATES FOR FOREIGN EXCHANGE.
ninety day endorsed bills receivable, 5 f@ 6 per cent
for four months’ commission house names, 6 per cent
1 f r i ..
Mo n ., T ub s .. W ED., T h u r .,
Frl,
A pril 3. A p ril 6. A p ril 7. A pril 8. April 9. April 10.
for prime and 6| per cent and above for good four to
89
5
«0
days.
89
89
89
89
*9-88*
Brown Bros........
90
\ Sight....
90
90
90
00
90 8 9 *
six months’ single names.
Baring,
88*
J (50 days.
89
89
89
89
89
Magoun & Co.. \ Sight....
89J*
90
90
90
90
90
There have been no features of interest, either pol
Bank British
88*
89
5 (50 days.
88*
89
89
89
No. Am erica.. * Sight....
89 *
89*
90
90
itical or financial, in the European situation this week.
90
90
88*
Bank of
5 (50 days.
88*
88*
88*
8***
83*
Money is accumulating in London, this being shown
Montreal......... < Sight.....
89*
89*
89*
89^
H«
SKK
Canadian Bank
88*
days.
88*
BPV.
88*
88*
88*
by the fact that consols sold at llO f yesterday and of Commerce.. )S60
89*
Sight....
89*
89*
89 %
89*
89
Ick 60 days
89
89
89
89
89
money on call was
per cent. Tne Bank of E ng Ileldelbacn,
elheimer & Co. Sight....
90
90
90
90
90
90
88*
89
89
days.
89
89
89
land minimum rate of discount remains unchanged at Lazard Freres... S<60
90
Sight....
8d *
90
SO
90
90
8
8
*
j
60
days.
8
8
*
Merchants’
Bk.
8
8
*
8
8
*
8
8
*
8
8*
2 per cent. The cable reports discounts of sixty to o f Canada........ 1 Sight.... 8 9 *
89*
89*
89*
8(»*
ninety day bank bills in London 9 16 of 1 per cent. The
The market closed easy on Friday at 4 88£@4 89
open market rate at Paris is I f per cent and
for sixty day and 4 89£@4 90 for sight. Rites for
at Berlin and Frankfort it is
per cent. According
actual business were 4 87f@ 4 88 for long, 4 88f@ 4 89
to our special cable from London the Bank of England
for short and 4 89@4 89£ for cable transfers. Prime
lost £184,539 bullion during the week and held at the
commercial bills were 4 87^@4 87^ and documentary
close of the week £46,878,156. Our correspondent
4 86|@4 87.
further advises us that the loss was due to the shipment
Tue following statement gives the week’s movements
to the interior of Great Britain of £426,000 net and to
of money to and from the interior by the N- Y. banks.
the import of £241,000, of which £99,000 were from
R eceived by Shipped by
N et In te rio r
the Argentine Republic, £70,000 from China, £6,000
W eek E n din g A p ril 10,1896.
N . F. R inlcs. N . Y . B in k s.
M ovem ent.
from France, £5,000 from Portugal and £61,000 bought
$3,618,000 Gain. $989,000
in the open market.
Gold ..........................................................
532,000
224,000 Gain.
308,000
Total gold and legH tenders....... $5,139,000 $3,842,000 G a in .$ l,2 9 7,000
Our foreign exchange market has bean dull and gen
erally firm this week, with a good demand for remit
With the Sub-Treasury operations and gold exports
tance until Thursday, when the inquiry grew lighter. the result is as follows.
A general complaint prevailed of a scarcity of com
In to
Out o f
N et Change in
W eek Ending A p ril 10,1896.
mercial bills; tliose against grain are held at a fraction
B anks.
Banks.
B ank Holdings.
above 4 87^ and against cotton at 4 87f. There have Banks’ interior movement,as above $5,139,000 $3,842,000 G a in .$ l,297,000
8ub-Treas.oper.and gold ex p o rts... 15,100,000 17,400,000 Loss. 2,390,000
been some exchange bills drawn for ninety days, but
Total gold and legal tenders....... $20,239,000 $21,242,000 Loss. 1,003,000
not enough in amount to influence the market; and also
Tne following table indicates the amount of bullion
a few loan bills, which have been promptly absorbed.
in the principal European banks this week and at the
Early in the week there were drafts against the 81,300,000
corresponding date last year.
gold shipped by Heidelbach, Ickelheimer & Co. on
A p il 9,1896.
A p ril 11, 1895.
Tuesday and on Thursday, but no g >ld bills appeared
B a nk o f
Silver.
Total.
Silver.
Gold.
Total.
G l i.
later, leaving the presumption that no farther ship
£
£
£
£
£
£
ments of the metal would be made. At the rates rul
..... 46.878,156 30,653.356
E n g la n d ...... 46.878,156
36 653,356
ing for sterling after Wednesday it was claimed that France.. . ... 77,920.030 49.792,260 137,712.399 83,006.000 40,389,000 132.395,000
Germany *.... 29,030.166 14,515,581 43,546.750 36,246,485 15,603.515 5L 850.000
gold could not be profitably exported to London. The Au8t.-Hung’y
26,270.000 12,751,000 39,021,900 17,794,000 13,631,000 31.475.000
market opened strong on Monday and Baring, Spain.............. 8,904,000 10.380,000 18.384,900 8,004.000 12,370,000 20.374,000
2,623.000 6,921,000
9.544,000
4,276,000 7,030,000 11,306,000
Netherlands .
Magoun & Co. and Lizard Freres advanced their Nat. Belgium* 2,657,333 1,328,667 3,986,000 3,420,667 1,710,333 5131,000
posted rates half a cent, while rates for actual business Tot.this week 193.383.R94 95,688,511 289,072.205 189.400.508 99,783,848 289.184,356
Tot.orev. w’fc 195,863 240 97 Of 7,8 3 292 876.043 1^0,811,710 10001031 299,831,020
were moved upward one-quarter of a cent, compared
* The divisiou (betw een gold and silv er) g iv en in ou r ta b le o f coin
with those ruling at the close of Friday of last week, and bullion in th e B ank o f G erm an y an d the B ank o f B elg iu m is m a d e
from the best estim a te we are able to o b t a in ; in neither ca s e is i t
to 4 88@4 88^ for sixty day; 4 89@4 89^ for sight claim ed to be a cc u ra te, as th o se bauks m a k e no distin ction in th e ir
w eekly returns, m erely reportin g th e to ta l g old an d s ilv er, ou t we
and 4 89^@4 89^-for cable transfers. It was then an believe the division we m ake is a clo se a p p ro x im a tio n .
Vo t e . - W e receive th e fo re g o ia g resu lts w eek ly by o a b le , an d w hile
nounced that Heidelbach, Ickelueimer & Co. had ob  n o t a llo t the d a te g iven a t the head o f the colu m n , th e y are th e re
tu rn s issued n e arest to th at d a te —th a t is ,t h e la te s t rep orted fig u re s.
tained $800,000 gold coin from the City Bank for ship
ment to Germany, and it was supposed that it was
B U R L IN G T O N <£ Q U tN C Y ’ S SN OW ING
wanted for Russian account. O j the following day the
FO R 1895.
Bank of British North America advanced rates half a
The Chicago Burlington & Quincy makes a better
cent, but no change was made in those for actual busi
ness. The tone was quoted firm and it so opened on showing iu its annual report than the monthly state
Wednesday, but it grew easier in the absence of demand ments had led one to suppose would be the case. The
toward the close, and it so continued on Thursday, last monthly return for the year (that for December)
though rates for actual business were not quotably had indicated a deficiency of over $900,000 below the
lower. On Friday Brown Bros, reduced their rates amount needed to pay the 4 per cent dividend for the
half a cent, and there was also a reduction of one-quar twelve mouths. The annual report shows that the
ter of a cent in the rates for actual business, the tone at deficiency was actually only $722,550; and further
the close being easy. The gold shipments for the week more the receipt of an extra cash dividend (paid out
were $1,300,000, all of which was taken from the City of accumulated cash surplus prior to 1895) on the
Bank, $800,000 on Monday and $500,000 on Tuesday. company’s holdings of Hannibal & St. Joseph stock
It was reported that this gold was part of the Govern diminished this amount by $490,188, leaving the
ment deposit in the City Bank and that later the Treas final deficit only $232,362.
Considering that the Burlington & Quincy is the
ury net gold would suffer diminution by that amount;
but there has been no evidence to substantiate this re largest corn-carrying road in the country, that the 1894
port, and it is not believed to be correct. The follow crop of that cereal was almost a complete failure, while
ing shows daily posted rates for exchange by the lead scarcely any of the new crop, the harvest of which was
ing drawers.
exceptionally good, came forward before the close of

A pril 11,

i'HE CHRONICLE.

1895, this is a very satisfactory exhibit. For the calendar
year 1894 the deficiency (allowing for the net re
ceipts of the land department) had been as much as
$1,030,470, though in that year the company paid
4| per cent in dividends instead of only 4 per cent a3 in
1895. It is evident that in 1895 the company was
obliged to move traffic at a further reduction in rates,
for we see that while it hauled 51,643,829 more tons of
freight one mile in that year than in 1894, the freight
revenues actually decreased about five hundred dollars
— $533. It is proper to say that the results of the
Chicago Burlington & Northern do not appear in the
accounts of the Quincy; this road fell $350,716 short
of meeting its charges in 1895 and $335,406 short in
1894.
Much has been said of late in certain quarters of the
impolicy of paying “ unearned ” dividends, and pointed
references have been made to the fate that has befallen
certain well-known companies which have continued
dividends when earnings did not warrant them.
It seems absurd to dignify these criticisms by
making mention of them, but it will do no
harm to point out that they do not apply at all
in the case of a property like the Burlington
ton & Quincy, which for one or two years has drawn
on accumulated surplus in order to bridge over a pe
riod of depression. These critics ignore one important
point of difference: the roads which have gone
into receivers’ hands because of the payment of
dividends that ought not to have been paid are not
roads that have shown deficiencies in their reports but
roads that have exhibited surpluses with great regular
ity, thus concealing the fact that the dividends had not
been earned. A strong company like the Burlington &
Quincy, conservatively and honestly managed, which
openly avows a deficiency in revenues in years of
extraordinary depression, when every merchant and
manufacturer feels the pinch, has nothing to fear from
such a policy.
Another distinctive feature in the accounts of the
Quincy should not be overlooked. The deficiency re
ported is arrived at after allowing for very heavy con
tributions to the sinking funds— that is, contributions
made in reduction of the outstanding indebtedness of
the company. In 1895 the direct cash contributions in
this way were $760,243. The amount is equal to almost
one per cent on the company’s stock, and obviouslv
with that item eliminated the 1895 accounts would
•how instead of a deficit a surplus. In this, moreover, we
are disregarding altogether the accretions to the funds,
which also reach a large amount each year. We calcu
late that, including these accretions, the amount
added to the funds in 1895 was almost 1£ million
dollars.
As bearing on the outlook for the immediate future,
the report notes that the corn crop for 1895 in the
States in which the Burlington & Quincy lines are sit
uated— namely, Illinois, Iowa, Missouri, Kansas and
Nebraska— is estimated by the Agricultural Bureau at
1,122,134,000 bushels against only 422,128,000 bushels
for 1894. It is also pointed out that the condition of
the company's equipment has been improved during the
year, and that instead of a million dollars being re
quired to place it in good shape, as at the end of 1894, the
requirement now is only about half a million dollars,
the other five hundred thousand dollars having been
provided by " repairs undertaken and paid for out of
earnings in anticipation of a larger traffic in the last
quarter of the year than was actually carried. ’

661

President Perkins makes some pertinent observations
on the railroad situation. After noting that the com
pany’s income in 1895 was somewhat less than 4 per
cent on its capital stock—a very small return consider
ing all the circumstances— he says: “ Because five or
six per cent is now regarded a3 a fair rate of interest
on money loaned, it is sometimes assumed that it is a
fair profit on capital invested in business. But this
is not at all true. Money loaned on good security is
one thing; and money used in enterprises involving
risk is a very different thing. If persons who take
business risks never received more than what would be
considered a fair return on safe loans, nobody would
ever take such risks in building railroads, or
in anything else.
To leave this out of sight,
and so legislate that the owners of railroads,
who take the risk and often lose everything,
shall not, when successful, receive more profit than a
fair return on good security, is a policy which can only
result in retarding and crippling the means of trans
portation, and eventually forcing the public to provide
such means by taxation, with a long train of evils as
inevitable as they are obvious. Bailroads necessarily
must take the risk of crop failures and business de
pression; audit is both unjust and unwise to load them
down, in addition, with excessive taxation and arbi
trary rate regulation, while the prices of things they
buy, and the wages they pay, are left to the natural
law of demand and supply. Nor is it only the owners
of the railroads who are interested in their earning
power. During the year 1895, we paid in wages and
for materials (the cost of which is mostly in wages
paid to somebody in this country) to operate the roads
embraced in the Chicago Burlington & Quincy Sys
tem, over nineteen millions of dollars. So the occupapations and industries of communities are affected— and
often largely affected— by the earning power and paying
power of the railroads which serve them. It is quite as
desirable that railroads should be successful as it is that
business of any kind should succeed, and a very great
mistake to suppose that statutes which add to the hazard
and subtract from the profits of a great branch of busi
ness like that of transportation, can benefit the com
munity at large.”

THE C A N A D IA N P A C I F I C REPORT.
The report of the Canadian Pacific for the calendar
year 1895 furnishes a marked contrast with that for the
previous calendar year. In reviewing, twelve months
ago, the report for this previous year, we said : “ The
results may be stated in brief by saying that the year
has been a very disastrous one in that there has been a
very great shrinkage in revenues, but that in other re
spects the condition of the property seems to be satis
factory.” Events have shown that this diagnosis was
correct. The outcome for 1895 has been totally differ
ent from that for 1894, and seldom has there been a
more noteworthy change in the outlook of a large
property in the brief space of a year. Certainly when
the company suspended dividends early in 1895, and
the report for 1894 came with its unfortunate results,
very few persons would have thought it likely that 1896
would see the company back again in the dividend
list.
The improvement in 1895 is of course directly con
nected with the depression in 1894. In this period of
large extra burdens to meet.

Other companies had

662

THE CHRONICLE.

|Vo l , L X II,

suffered even heavier losses, and doubtless the suspen entirely due to a reduction in expenses, the increase in
sion of dividends would not have caused so deep a gross earnings having been less than two hundred
shock as it did except for the fact that the Special thousand dollars. It is interesting to note, too, that
Fund which the company had set aside some years pre the gross, at $18,941,037 for 1895, is two million dollars
viously was supposed to insure the continuance of div less than for 1893 and nearly 24 million dollars less
idends even in bad times. But when the annual report than for 1892. This indicates that as yet the recovery
appeared it became evident that the company had no has been small and that there is room for considerable
alternative but to discontinue dividends for the time further improvement under continued revival in busi
being. The report which has now been submitted for ness.
The freight traffic shows a pretty good in 
1895 (and which we printed in full last week) shows crease over 1894, though the volume of the movement
that recovery has already progressed so far as to fully (as represented by the number of tons carried one mile),
warrant the dividend payment made the present month, has by no means got back to that for 1892. The pas
and whose announcement occasioned almost as much senger traffic shows no recovery at all (there being a
surprise as the stoppage of dividends in the year pre further small loss in both the number of passengers
carried and the number one mile), and this
ceding.
The great change which occurred between the two makes it evident that business conditions were
years will appear when we say that in 1894 the com far from normal the late year; as a matter of fact
pany (allowing for its guaranties) actually fell $526,731 passenger revenues, at $4,683,138 for 1895, compare
short of meeting its fixed charges, not to speak at all with $5,656,205 for 1893, $5,556,316 for 1892 and
of the amounts paid out in dividends. For 1895 the $5,459,789 for 1891— that is, there is a loss of a mil
present report shows that the company had a surplus lion dollars, or about one-fifth, as compared with
above the charges in the sum of $1,374,386. The 4 these earlier years.
President Van Horne points out that the depression
per cent dividends paid on the preference stock cdled
for $256,960, ..deducting which leaves a balance of in trade continued until after the middle of the year,
$1,117,426, out of which the dividend of 1? per cent since which time gratifying recovery has taken place.
paid on the common stock the 1st of April, requiring He also notes that at the close of 1895 an unusually
$975,000, was made. The actual amount earned on large proportion of the crops remained to be moved,
the stock during the twelve months, it will be seen, insuring good earnings until another crop is harvested;
was about I f per cent. This, while not large, is very and furthermore that the new year has opened with
satisfactory, coming so soon after the total suspension much promise, the results for the first two months
of dividends. The deficiency in 1894 was in part showing an increase over the corresponding months
the result of the adoption of a more conservative of 1895 of $636,985 in gross and of $276,341 in
method of book-keeping, such a3 the charging up net.
against earnings of the interest on the land-grant
With reference to the decrease in expenses to which
bonds. Tnere ha3 of course been no change in this the improved net earnings for 1895 are mainly due, the
respect in the 1895 accounts.
total of the expenses is reported at $11,460,086 for
One reason for the difference in the two years is 1895, against $12,328,859 for 1894. The ratio of ex
found in the fact that the company had to advance very penses to earnings stands at 60’50 per cent for 1895,
little in 1895 to meet the guaranties on the bonds of its against 65-75 for 1894. The management say that a
subsidiary roads, namely the Minneapolis St. Paul & considerable part of this decrease is ascribable to the
Sault St. Marie and the Duluth South Shore & A t fact that the expenses for 1894, with which comparison
lantic.
On account of the former of these the Ca is made, had been greatly increased by the floods which,
nadian Pacific in 1894 had to advance almost seven occurred in that year in British Columbia, and which
hundred thousand dollars ($694,487) with which to necessitated very heavy outlays for repairs. The othermeet interest on that company’s bonds, and on account reductions, it is stated, were principally due to the very
of the Duluth South Snore & Atlantic it had to ad light traffic of the first seven months of the year
vance in the same year $456,187, making $1,150,674 and to the unusually low
cost of fuel and
together. In the late year the Minneapolis St. Paul & other supplies.
The following paragraph bearing
Saulte Ste. Marie required no assistance whatever and on this question of expenses deserves also to be
the Duluth Shore & Atlantic aid only to the extent quoted: “ Lest it be assumed that the large reduction
of $148,717. Thus there was a saving in these two in working expenses for the year was made at the
items in the sum of over a million dollars. The man expense of the physical condition of the property, the
agement have always expressed great faith in the value directors beg leave to say that with the single excep
of these subsidiary lines, regarding the heavy losses in tion of the car equipment, the property of the com
1894 as due to exceptional and temporary causes, and pany was never in better condition than at the close
these views it is now seen have been justified. The of the year, and that particularly in respect of per
“ Soo” road was greatly aided in 1895 by the excellent manent way it was better than ever before.
The
spring-wheat crop raised in the Northwest, and the single exception named was due to the postponement
improvement on the Duluth South Shore & Atlantic of some rebuilding and heavy repairs of cars, owing towould have been even greater than it was except for a the light traffic of the first half year; but this is now
prolonged strike at the iron mines covering the best largely made good and will be quite so within a few
part of the shipping season.
weeks.
Starting with a saving of over a million dollars in
Extracts are given from the report of the Deputy
the amount required to meet the guaranties on the Minister and Chief Engineer of Railways and Canals,
subsidiary lines, we find an improvement of over a mil made late in 1895 to the Dominion Parliament, to
lion dollars more in the Canadian Pacific’ s own net show the excellent condition of the property,,
earnings, these standing at $7,480,951 for 1895 against and it is also noted that in 1895 the average number of
$6,423,309 for 1894. Examination of the income cars of 20 tons capacity per freight train was 16’33,£ tatements shows that the improvement has been almost as against only 14‘43 in 1890— an increase of 13 per

A pbil 11, 1896.J

THE CHRONICLE.

cent m five years. This gaiu, it is stated, is eaietly due
to the improvements which have been made in per
manent way. On looking np the figures, we find that
the freight-train mileage for 1895 differed but
little from that for 1890 — the figures being
7,625,462 miles against 7,547,058 miles—but ^that
the number of tons of freight moved one mile was
1,490,639,847, against 1,208,014,731. In other words,
-the average freight-train load in 1895 was 195f tons,
against only 160 tons in 1890. The increase in this
case, it will be seen, is much heavier than in the other
case, being about 22 per cent. As a result of the
larger train load, the earnings per freight train mile
were $1 53 in 1895 against only II 31 in 1890, notwith
standing the average freight rate was only 80 hun
dredths of a cent per ton per mile in 1895 against 84
hundredths in 1890— all of which indicates true econ
omy in the operation of the road.

663

A verage
Average
Average
Kilom eters
E arn ings p er E arn'neper
Year
Operated. Gross Earnings.
Kilometer.
Mite.
1695...................... 947-49
$2,664.126 08
$2,81177
$4,528 12
1894......................922 19
2,169,121 47
2,352 14
3,735 29
1893...................... 922 19
2,050,934 01
2,226 15
3,579 04
1892......................746-37
2,095,726 14
2,818 71
4,536 21
1891......................658-30
1,197,856 55
1,819 69
2,924 02
1890......................637-38
1,126,366 41
1,745 64
2,839 77
1889..................... 636-34
911,698 51
1,432 73
2,305 64
1888...................... 573-97
656,78141
1,144 28
1,84 1 47
1887...................... 273-58
237,394 13
867 73
1,396 43
185,150 25
676 76
1,098 11
1886......................273-58
1885...................... 273-58
153,916 18
562 59
905 39
1884...................... 245-20
103,307 93
421 49
612 37

It will be observed that the earnings for 1895 were
decidedly the largest ever reached, and that the increase
during the last twelve months was nearly half a million
dollars, or almost 23 percent, and this with an addition
to the average mileage during the year of only about 3
per cent. The increase in the total of earnings is not
so significant, however, as the steady increase in the
average per mile, notwithstanding the addition of new
road from year to year. The average for 1895, it will be
seen, was over forty-five hundred dollars per mile. Leav
ing out 1892 the average has been rising uninterruptedly
MEXIGAN I NTERMA TIONAL.
through all the years, and the good showing in 1892,
The report of the Mexican International always the report points out, resulted almost entirely from
attracts attention because of the distinctive character the large corn shipments into Mexico that year to
of the enterprise. The other prominent Mexican relieve the famine caused by long-continued drought.
roads have all received important aid from the Mexi
The company has greatly simplified its method of
can Government in the shape of subsidies or other converting Mexican currency into gold, the figures being
wise, but the International has had no aid or subven now reduced on the basis of the average price received
tion of any kind. Under its charter the company is for remittances during the year. It appears that this
exempt from ordinary taxes, but we believe that is the average in the case of the International was lower for
only concession enjoyed by it. It is not exempt from 1895 than for 1891 (in the market the price of silver
the revenue stamp tax (in Mexico every page of the was higher in 1895), being only 51-83 cents. The net
ledger mast have a stamp affixed to it) and it gets no earnings in Mexican currency, after deducting the
compensation for carrying the Mexican mails.
stamp tax paid, were 11,057,410. Reduced to Amer
It is evident that, possessing no special privileges or ican money on the basis of 51‘83 cents, this gives
grants and having the older Mexican roads with their net in gold of 1518,071. The call for one year’s inter
subsidies to contend against, the promoters of the un est on the 111,000,000 of 4 per cent bonds was $560,dertaking wonld not have constructed the road unless 000, and there was a charge against earnings of $11,they had had great faith in the resources of the coun 101 for other items. Altogether the charges were
try through which the lines run and felt assured that 1571,101 against 1548,071 net earnings, leaving on this
these resources are adequate to sustain the road. basis a small deficit for the year. If the silver dollar
Mr. C. P. Huntington is the party back of the enter had been taken at a slightly higher figure (the price of
prise, and without his support of course it would not Mexican dollars now is about 55 cents), this deficit
have been possible to advance it to its present posi would have been converted into a surplus. But
tion. Construction began in a small way ten or twelve whether there is a small balance one way or the other
To the general
years ago and has been steadily going on almost ever is a matter of little consequence.
since then, though the largest additions have been reader the fact of interest is that a new enterprise like
made in the more recent years.
The road extends ihis, laboring under the disadvantages of a depreciat
from Ciudad Porfirio Diaz, opposite Eagle Pass on the ing dollar (even in 1892 the average price for the dollar
Rio Grande, where connection is made with the South had been nearly 67 cents) should have been able to
ern Pacific system through Torreon, on the Mexican make net earnings correspond so closely to the charges.
Mr. Huntington is very favorably impressed with
Central, to Durango, an important mining and in
dustrial centre in Mexico, a distance of 540 miles, and his Mexican employees. He saya that Maxican citi
in addition there are several small branch »s, aggre zens continue to be employed in increasing numbers in
gating 75 miles, making a total mileage at the end of all available avenues in the operations of the company,
1895 of 615 miles. Plans have been prepared for va and their services have been well and faithfully per
rious other branches and extensions, but from the tone formed during the year. With increased knowledge
of the report it is evident that a cautious policy will of railroad duties, they continue to supplant foreigners
be pursued in providing further new mileage,the same as in the details of the company’s operations. Appren
in the past— additions being made only as fast as the tices are being educated in the different branches of
old mileage bscomes self-sustaining. The road is of the work. They are young men, he states, recom
standard gauge, four feet eight and a-half inches wide, mended by the civil authorities or who come from
families in the neighborhood without other endorse
and the grades are said to be easy.
Thus far the earnings seem to have come fully ment than their desire to learn a trade. They prove
Mr. Huntiogton
up to expectations, and there has been very large efficient, reliable and progressive.
and almost uninterrupted growth from year to year. reports that at the close of the year 2,159 Mexican
This growth is best shown by reproducing from* the citizens were on the pay-rolls of the company and the
annual report the following statement of the gross re other enterprises affiliated with it south of the Rio
Grande.
ceipts for the last twelve years.

THE CHRONICLE.

664

[V o l . L X II.

ing it will be seen that Toledo, Detroit and Cleveland
R A I L R O A D GROSS E A R N IN G S F O R MARCH. apparently did not share in the improvement.
IN F O R F O U R W E E K S E N D IN G M A R C H 2 8
After the very favorable statement of railroad gross R E C E IPT S O F F L O U R A N DA NGDR ASINCE
JA N U A R Y 1 .
earnings for February, the exhibit for March is quite a
F lo u r , 1 W h eat,
Com,
Oats,
B a riev,
RV*,
(bbls.)
(bush.)
(bush.)
(bush.)
(.bush.)
(bush.)
disappointment. The February return was the best
Chicago—
we had had in a long while, the increase having been 4 wks. Mar., 1896 163,050 887,283 6.429,400 8.042,178 1,699,402 163,694
403,473
249,261
4 wks. Mar., 1896
2,499,321 4.2- 9.121
710,160
121,096
$4,199,177, or 13-52 per cent. For March the increase 8ince Jau.l, 1896 600.445 3,055,085 20.554.323 23,508,902 4,745,901 409,349
1,543,939 10,139,672 11,734,740 3,013,448
733,186
Since Jan. 1,1895
401,421
is only $1,576,371, or 4‘42 per cen t; moreover, out of M ilwaukee—
619,350
4 wks. Mar., 1896
250.950
175,500
100.825
831.000
748,800
wks. Mar., 1895
154,800
661,464
80,600
606.000
291,855
59,400
the 123 roads reporting, no less than 53 show decreases. 4Since
785,300
1,866,351
Jan.l, 1896
460.700 1,958,000 2,931.825
282,480
348,400 1,687.090 1,472,547
177,592
To be sure, in February there had been an extra day Since Jau.l, 1895 343,525 1,361,127
8t. L ou is—
Mar., 189H
80,675
388,500
1,537,810
747,910
209,250
16,030
the present year (this being leap year), but that will 44 wks.
95,140
wks. Mar., 1895
167.H62
660,505
494.500
09,000
15,422
300,302
4,535,070 2,146,833
Jan.l, 1896
1,692,27*770,940
45,004
account for only a small part of the difference between Since
235,210
375,763
2,748,315
Since Jan.l. 1895
1,540,636
526,000
35,067
Toledo—
the two months. Nor can it be said that we are com 4 wks. Mar., 1896
317,000
117,900
3,050
1,800
3,000
1.700
7,800
637,500
555,600
7.024
1,700
0,500
wks. Mar., 1895
paring with heavy earnings last year, the gain then 4Since
1,848,300
470,500
13,146
9,900
1.700
Jan.l, 1896
34.400
1,839,600
1,308,000
18,312
10,100
14,400
Since Jan.l, 1895
26,600
having been only $244,897, or less than one per cent,
D etroit—
11,820
150,157
142,102
4 wks. Mar., 1896
128,353
143,666
after an exceedingly heavy lots the year preceding, as 4 wks. Mar., 1895
7.437
195,243
206,755
101,4*9
40,850
46,099
357,919
8ince Jan.l, 1896
594,881
439,872
489,038
.......
789,900
Since
Jan.l,
1895
28,524
597,576
150,765
336,106
may be seen by the following.
M ileage.

March.
1892 (150 roads).........
1893 (150 roads)........
1894 (129 roads)........

Jan. 1 to M arch 31.
1892 (147 roads).......
1893 (147roads)....
1894 (12S toads)......
895 (132 roads)........
1S96 (123 roads)........

Y ear
G iven.

Y ear
Preceding.

Miles.
99,264
103.107
98.640
100,781
92’222

Miles.
96,599
101,170
96,165
100,706
91,859

E a rn in g s.
Y ear
G iven.
$
44,545,382
49,597,619
39,141.981
39,240,004
37,250,670

Y ear
Preceding

Increase
or
Decrec.se.

*
*
41,040,576 I n c . 3,504,806
47,348,880 I n c . 2,248,739
45,019,395 Dec. 5,877,414
35,674,299 I n c . 1,576,371

Cleveland—
4 wks. Mar., 1896
4 wks. Mar., 1895
Since Jan.l, 1896
Slnoe Jan.l, 1895
P eoria—
4 wks. Mar., 1896
4 wks. Mar., 189S
Since Jan.l, 1898
Since Jan.l, 1895
Duluth—
4 wks. Mar., 1896

2.592
46.350
8,773
137,582

84,239
227.786
400,479
767,827

70,198
121,285
179,781
439,757

87,740
197,376
222,378
012,342

14,413
40.391
14 413
68,401

23,100
26,700
95.000
82,950

103,800
37,200
414,000
148,250

1,625,250
907,700
6,646,300
3,426,010

1,503,850
1,002,100
4,341,650
3,137,900

242,200
124.000
871,0'
058.000

11.400
6,000
50.400
25.200

112.920
58,621
152,320
77,104

2,942,961
1.468,068
8,070.045
4,237,136

42,156

228,808
50,266
588,004
143,396

124,284
2.149
154,860
21,311

20,628

143,613

4,641,880
3,881,960
12,052 16,897,730
9,138,930

190,160
63,120
592.140

1,196,280

Since Jan.l, 1895

106,851
40,653
438,871
106,429

87,259
19,514
114,654
128,409

42,000
9,245
60,243
14,684

Total o f all—
4 wks. Mar., 1896
4 wks. Mar., 1895
Since Jan.], 1896
8ince Jan.l. 1895

660,839 10,042,961
7,639,199
645,336
2,014,067 33,663.258
1,656,393 19.574,96*

Since Jan.l', 1898

59,840

M inneavolis—
98,724
99,898
98,279
100,781
92,222

96,059
97,961
95,804
100,706
91,859

127,185,945
134,821,214
108,371,710
110,177,324
110,479,309

117,421,845
132,248,578
124,258,122
110,449,234
100.847,280

I n c . 9,764,100
I n c . 2,572,636
Dec.15,886,412
Dec. 271,910
I n c . 9,632,029

The less favorable showing for March is all the more
noteworthy as the grain movement has continued
greatly in excess of a year ago, bringing to one class of
roads at least— those in the Northwest— very large
gains. We can only explain the change on the ground
of bad weather and the quietude and unsatisfactory
state of trade. The weather was almost continuously
bad all through the month, and had the effect particu
larly of hurting the retail trade. This applies to
nearly all parts of the country. At the same time high
water and floods were a disturbing influence on a num
ber of roads. As regards the state of trade, the ac
counts have been very unsatisfactory and complaints
of poor business have been very numerous. This
situation is in part explained by the bad weather and
its effect on the retail trade, as already stated. But
in part also it is ascribable to the depressing influence
occasioned by the discussions and bellicose attitude of
Congress regarding foreign questions, particularly in
the matter of the resolutions for the recognition of the
belligerency of Cuba,
The holding of political con
ventions for the election of delegates to the National
Presidential Convention and the uncertainty regarding
the position of the two great parties on the money
question likewise contributed to unsettle business and
to arrest enterprise.
If to this we add that in the
South and Southwest the roads have continued to
suffer because of the smaller cotton crop, it'becomes evi
dent that reasons are not lacking for the poorer results.
As regards the grain movement, there has been a
very heavy increase in the receipts at the West of
every one of the leading cereal?. Thus, of wheat the
receipts for the four weeks ending March 28th were
10 million bushels in 1896 against only 7f million
bushels in 1895; of corn, lO f million bushels against 5
million bushels; of oats, 12f million bushels against 6§
millions, &c. Taking wheat, corn, oats, barley and
rye together, the receipts were 36,756,114 bushels in
1896, against only 20,898,526 bushels in 1895. Here
then we have an increase of, roughly, 16 million bushels,
equal to say 400,000 tons of freight.^From^the’ follow-

12,682
Since Jan.l, 1896

984,430

K ansas City—

10,616,337 12,614,642 3.167,802
5,086,:J00 6,076,597 1,292.8 (J
35,675,792 34,196.502 9,979,677
20,148,268 19,283,403 1 5,921,862

314,372
203,610
856,987
709,380

As usual, the greater part of the increase occurred
at Chicago. For the even month we find that the
receipts at that point were 19,299,734 bushels in 1896
against 8,751,386 bushels in 1895, showing an increase
of 10|- million bushels. The total is nearly four mil
lion bushels heavier even than in 1894. On the other
hand,£the provisions movement at the same point was
somewhat Jess than a year ago, and the receipts of live
hogs also fell off, comprising 596,165 head in March
1896 against 715,486 head in March 1895. This latter
falling off, however, did not extend to the whole of
the live-stock movement, as we find the live-stock
deliveries reported at 22,556 car-loads for 1896 against
21,222 car-loads in 1895. The Burlington & Quincy
brought in 5,308 car-loads against 4,758 car-loads, the
Milwaukee & St. Paul 4,-034 car-loads against 3,309,
the Chicago & North Western 5,095 car-loads against
4,196, the Bock Island 2,364 against 2,286, and the
Chicago Great Western 837 against 635; the other
roads nearly all brought in less than a year ago.
RECEIPTS AT CHICAGO DURING MARCH AND SINCE JANUARY 1.
Since Jan uary 1.

M arch.
1896.
Wheat.bush.
Corn...bush.
O ats., bush.
R ye.. .bush.
Barley.bush.
Total grain
Flour., bbls.
Pork....bbls.
Cutm ’ts.lbs.
Lard.......lbs.
Live hogsNo

916,613
6,862,240
9,589,173
108,344
1,763,364

1895.
418,290
2,879,163
4,544,421
128,346
781,160

1894.

1896.

2,990,185
711,008
7,0C 9,040 20.585.493
6,596,3S5 24,515,503
408,069
160,891
4,730,673
995,583

8,751,386 15,473,607 53,229,923
19,299,734
597,033
477,923
265,995
174,677
1.021
292
374
378
11,123,191 16,117,308 11,081,497 40,188,040
5,790,030 19,150,678
5,548,482
6,320,030
1,865,684
625,055
715.480
696.165

1895.
1,514,909
10,025,225
11,713,805
452,821
2,970,272

1894.
3,426,976
24,011,383
15,434,518
411,792
3,493,298

26,677,032 46,777,967
1,171,192
729,879
2,670
2,219
42,634,627 29,769,802
17,449,085 19,097,991
1,969,914
2,380,187

In the cotton movement we again have to record a
very striking contraction, the gross shipments overland
having been only 95,790 bales against 170,338 bales,
and the receipts at the Southern outports but 283,552
bales against 459,267 bales. The falling off in thi s
latter case has been particularly large at the Gulf
ports,'more especially New Orleans and Galveston.

THE CHRONICLE.

A p b h , 11, 1856.J
a t ,v e u i'i» «.*

ottos

a o im u n t*

ai

JAS’ CAET 1 TO APRIL 1,

ports

is

March.
Ports.

1896.

1694.

M obile...................... .
F lorida.. . . . . . . . . . . . . . . . . . . . .
Savannah......... . . . . . . .
Brunswick, &c.. — .—
Charleston-----. . . . . . . . . .
Port Royal, A c..............
W ilm ington.,........... .
Washington. A c __ .. ..
N o rfo lk .... .....................
Weat Point-, A c.... . . . . . .

32,925
8.304
105,431
7,979
*,828
47,392
5,881
10,704
11,592
s.sss
13
34,780
8,049

67,071
22,557
10,932 ;
2,920
193,493 111,539
15,034
9,151
760
889
35,590
50.789
3,519
11.797
8,625
28,055
8,885
1 .M 8
I.WS
8,418

T o ta l...*,,.- ...............

283,552

159,257

Gal veston ........... bales.
El Paso, A c . . . . . . . . . . . . .

ash

from

Since January 1 .

1895.

1890.

march,

1898, 1895 AND 1894.

m

20

12

40,462
18,930

17,283
15,580

1895.

181.311
42,423
451,434
55,MS
10,417
171,842
26,831
57,800
32,300
25,868
114
1I5.S99
28,959

665

In t ile South one losses are about as numerous as the
gains, and the results on the whole are quite irregular.
EARRINGS OF SOUTHERN GROUP.

1894.

367,885
21.692
703.037
61,628
7,403
190,839
39,046
99,338
61,075
29,579
116
120,098
74,772

152,000
7,815
430,940
42,085
7,185
167,519
24,690
49,707
20,154
27,061
53
90,175
71.894

2SS.8JS 1,195,404 1.78L190 1,141,834

March.

1890.

Ches. & Ohio.. —
B'an.C.Mem.&Bir.
Louisv. & Nashv,
Memphis & Char..
Mobile & O h io....
Nash. Chat, & St.L.
Norfolk & West,b
Southern R ’way. .

$
801,560
080,810

1,570,445
*101,740
291.431
C394.672
897,486
1,524,690

1895.

1894.

1893.

1892.

1891.

$
$
$
$
$
809,154
740,719
876,808
747,420 *665,660
u75.e29
82,956
101,89?
90,217
94,783
1,609,109 1,658,490 1,892,511 1,758,407 1,552,039
93,776
105,846
136,938
123,965
129,600
283,612
281,322
286,129
287,205
294,158
394.672
408,320
438,115
419,498 8806,995
*831,316
810,254
©40,932
774,249
720,135
1,510,696 3,562,643 1,635,773 1,635,418 1,730,058

5,082.804] 5,607,964 5,656,550 6,359.111 5,836,379 5,505,428
T o ta l..............
a Figures here for 1893 and 1895 are simply th e totals o f the earnings fo r tb e
four weeks o f the month as reported in the weekly returns; the m onth’ s
earnings usually exceed the weekly estimates quite considerably.
b Including Scioto VM. - y & New England and Shenandoah Valley fo r all the
years.
c March, 1896, not reported; taken same as last year.
* Fourth week o f March not reported; taken same as last year,
t Does not include the aUzabetht’ a Lexington & Big Sandy road in this year,
i Figures are approximate, same as foi* this year; actual earnings were larger.
I Western cc Atlantic not included.

A number of roads show quite large gains in earn
ings for the month. These gains come chiefly from
the spring-wheat sections of the Northwest, the Mil
The great easK-and-west trunk lines reflect the un
waukee & St. Paul for instance reporting 1493,117 in
favorable
trade conditions which prevailed in showing,
crease, the Canadian Pacific $397,741, the Great
the
most
o
f them, losses. The New Y ork Central is an
Northern $348,954, the Chicago Great Western $159*exception, reporting a small gain.
716, the “ Son” road $137,310, the Burlington Ce far
EARNINGS OF TRUNK LINES.
Rapids & Northern $88,671, etc. The losses of con
* 1899.
1895.
1894.
March,
1893.
1892.
1891,
siderable amount are supplied chiefly by Southwestern
$
*
8
*
$
*
roads, though some of the Western connections of the B. & O. SAV
218,299
185,723
543.987
537,085 l 221,3 >1
J 530,697
* 359,721
33S,889
348,427
Eastern trunk lines also have poor statements, the Oh. AM lss.
1,055,342
1,102,301
1,202,446
e .c.e .& 8t.L
991,176
1,178,795
1,058,608
Cleveland Cincinnati Chicago & St. Louis heading the Q .T .of Can. 1,394.292 1,431,071 L s a o .m 1,883,083 1,681,921 1,518,973
•283.157
203,229
328.130
23S .9*
369,394
338,881
list with $111,135 decrease. In the following we show Ch.&G.T...
79,476
88.645
94,840
*73,891
103,489
94,539
D .G .H & M .
3,718.4-10
8,709,993
3.547.76?
3,905,464
3,577,281
all the changes above $30,000— both losses and gains.
3,383,973
N.Y.C.&LLt
1,002,338
1,015.438
1,007,539
1,135,189
1,134,704
1,023,339
W abash ,...
p r in c ip a l c u A m m or o a o s s
hi . n . u t c i i ,
In erea*® *.
Cbfe. a fU .* S t. Pftttl...
Camktlhm Pacific..........

$*93,117
297*741

Qt. NorOufttB . . . . . . . ___

I n e r e t ia e * .
Col. K . VaL & Toledo ..

243.93N*

Chta Great Wm len s....

T otal fiw fe s e a ila g
19 road ^>____ ..,..$*2,049,838

I M fJ 16

Mien. St, P, & H. 8. M ,

127,310

Burl. Ced. R. m X orth’ a
N. Y. Central ... . . . . .
Onto ft. I«l. Si. Pacific ,
B « b w St Rpi 0ramd@..
Naiftilk *fc W mtmm,
M en hero Pai’tflc*... . .. .
Me x lm n C e n t r a l.___...
Chio. Oil, T ra n k * .. . . . . .
(Mm, & Matt Illinois. ...
low a Central. . . . . . . . . . .
E lgin Jot. Ss. E astern , . .

88,671
81,573
77,831
72,900
66,170
03,806

For three weeks only.

$34,553

group h»3 done by far the best of any. Not a single
road in that group has fdlen behind. In the roads
embraced in the following the gaia over 1895 is $1,152,000, or 20 per cent.
EARNINGS OF NORTHWESTERN LINES.
i m%.

1895.

f
405,418
444,293

*
3W.TI7
284.579!

1891*

BarLCed.RJI No,
Chtc.6fc. W « s t ....
ClufeMtUfc 8t,P. i 2,749,331 t M W V .
MHwau.-je No., J
Okie. R, t. St Pac. 1,273.001 Li©7,«k>j
152,3 O
143,5 m
Duluth S.3.A Atl.
Great Northern.- 1,305,480 1.130,532:
124.530
Iowa C entral.,...
171.714
189,593
u?m i
Mia®uk SS# Looig.
Si, Paul A Duluth
10 >.693
m jtM :

Total . ,.**."*•* ft.R37.0Ofl 4703,07el

j

1892.

1893.

| 1891.

$
1
1
»
305,571
333,2371
m um
352,010
414.852
335.10S
337,83 7|
378,814
3,T0»,aM 2,711,0 id i 2,131,8^3
131,693
18
4
0
0
2
!
118.151
1,558,<9H l.lOS.IPrB, 1*219,864
1.5U.67*
10H,7O3f 125.730
112,16a
17 3 . 02 :
683,531
018,8211 L.23L331 M4Lft30j
nw m
171,220) 144980
J& 4 1 2 4
139.137
143,845!
100,113
I«3.1?!i
©i.Ofll j
1I»,3I0[ 104*71
im jm
5.502.693
4154.701 7.029,152

In the Southwestern group the losses greatly exceed
the gains in number, but in the aggregate the de
crease is not very heavy, as will appear by the following.
Markin on of -wtrui w estern g r o u p .
March.

1896.
1

im&.
$

I

1 m s.

189*.
#

479400
zm m i
rnZUjm

492,125

2748-12
356,831
0324371! 420,370
938,010
744.190
1,000.081 :■ 1,075.004
m jsm l
70,29©
3»9,i«Kj! 301,511
5? 0,957 j 501.801

T o t a L .......

4*739,722

4,044,237 j 4,822.47?

*

w «r« -»r

1891.

«
098.733
282,657
513,481;
J85.698
008,122,
dSl,W>
2,295,8)7: 2,109,4-S
108,213]
S3.565
141,085 j
33L073
532.458
680,420 j

«
005.218
278,905
442.553
651.855
1,9*3,083
84,*83
330,418
505,454

5,226,371

4,822,743

6,058,488|
!

not renortwl; taken same-as laa*l»y##F.

* Inch* t*M the Kaosa* City Clinton A H

flH the year#.

1802.

*
731.801

Den.k HioGr,
tatJk
Nb.t
KM.WSM Mi*
M n .K .& T 'X .
Mo.P.klr.M!
SLtl’eeMIGr.L
Bt-I>. Soat-hw.
Texas k Pan-

*5:1,312

8,128.102

8,075,509

8,019,724

8,990.791

8,602,855

7,948.443

* Fourth week not rep orted ; taken same as last year,
t Includes Home W atertown & Ogdensburg fo r all the years.

The other roads in the Middle and Middle Western

ClCT. Cln. Chic. & »t. L. $111,125 States (outside of the trunk lines) have decreases in a
Texan Si Pacific-------. . .
84,832
great many instances; altogether there are 33 roads
If. Y. Ont. Sk Western.*
52,015
Missouri P acific........ .
48,981
8t. Louis 8©athwe.'<t*a.„
41,200 which have sustained a falling off in tl at group and
Mo. K a m i* Sc T e x a s ,..
39,180
This is the
40,379 27 that have improved in their earnings.
52,3- 0 Grand T ru n k.
38,664
49,278 Louisville Sc N ashville,
section
where
the
unfavorable
trade
conditions
natur
49,177 Int, St Great Northern .
38,141
47,188 L frttx Ia ia i»L ..... ....**
31,027
ally
would
be
visibly
felt,
and
also
the
section
where
39,538
Total ^mps^mnUxm
the
grain
movement
was
small,
as
shown
by
the
falling
10 rwads).............. 1523,544 -

It is almost needless to say that the Northwestern

March,

Total........

„

p r l mid the Current River fo r

s

Houston ■%flenfl arson not IneJtifietl for 1843 an l 1833.
Fisttir-v* here for 1.48 an 11865 are simply th e total* o f the earnings for the
lorn Weak* o f Cab month m ropoftosrl In toe weekly returns? the moutlPs earn -

\m§ mmSS? e*mw% tSmweekly estimate® finite mmMetti,My,

off at Cleveland, Detroit and Toledo, already noted.
EARNINGS OF MIDDLE AND MIDDLE WESTERN ROADS.
March.

I860.
*
98.537
230,881
338,59?

Aim A rbor...........
Saff, Roeh. A Pitt.
Chicago * East. 111.
12 0 ,0 11
Ctoie. A West MichCol. H, Y. A T o l...
209,6*7
76.806
Det. Lansing & No.
93,118
Svansv.A Terre II.
*245,015
Flint & P. Marq__
221,580
Gr. R ap.& L nd......
Illinois Central..,. 1,576,085
273,302
Lake Erie & West.
230,641
Long W a n d .,.* ...142,578
Loa.Kvatis.A St.L.
260,217
Louis. N.A.& Chic.
246,00©
*Sf. Y. Out. A West,
220,029
PtttBb’g' & West’ u .
108,210
3LL. A lt .& T .H ..
111,703
Tol. & Ohio C e n t..
82.200
Tol. Pea, & W e s t.,
101,835
Tol. S t li. & K. G .
West. N. Y. & Pa.. *240,995
96,270
Wheel. & L. E rie..

1895.

1894.

1893.

1892.

1891.

*
*
*
$
*
80,426
101,482
83.603
89,757
95,726
223,774
274,089
255,904
230,006
218,896
289,420
282,221
368,980
327,293
325,033
« U 0,22 & 141,187
180,443
136,791
167,443
175,129
275,522
219,920
226,440
234,865
96,031
107,070
a90,079
98,908
93,800
107,145
85,731
101,203
94,221
106,634
283,331
235.257
253,758
307,539
280,794
282,436
238,916
216,983
287,539
262,062
1,583,284 1,489,847 1,667,131 1,500,660 1,425,330
253,454
334,609
204,572
276,075
m s 2t
253,930
270,836
207,668
271.334
268,456
165,863
114,942
116,667
129,330
132,743
287,247
217,886
244,733
234,113
201,004
314,106
230,204
208,024
251,016
288,300
227,44-1
225.768
183,886
168,710
201.526
109,097
108,120
138,636
123,071
117,479
144,166
127,040
180,704
132,677
125,544
82,525
81,858
71,283
73,709
77,852
148,704
163,001
175,531
148,903
128,191
275,016
320,007
266,628
250,595
257,172
97,872
105,259
125,735
108,135
100,818

T otal................. 5,421,915 5,451,011 5,323,43;

6,215,898 5,673,624 5,261,628

-J Figures hero tor IHIManil 1899 ara simply the totals o f the earnings fo r the
four weeks o f them m tb as reported In the weekly returns; th e month s earn
ings usually nxc-e-i the weekly estimates quite considerably.
* Fourth week not reported; taken game as last year.

Pacific roads are not largely represented in our list,
but such as we have from the North Pacific section—
namely, the Canadian Pacific and Northern Pacific—
report large gains.
EARNINGS o f p a c i f i c r o a d s .

March.

1896.

1895.

$

*

Can. P a d 0 c . ...... 1,401,000
North'n Pad Be. . *1,303,422
ttio G r.W e s t’n...

179,200

1894.

$

1,393,259 1,382,119
1,239,562 1,111,197
348,628
102.700

1893.

1892.

1891.

*

$

$

1,568,462 1,589,790 1,610,039
1,698,511 1,878.678 1,777,940
190,607
170,720
174,718

3,446,693 3,659,084 3.402,708
2.5)73,“22 2.505,521 2,641 944
T o ta l........
* Fourth week not reported; token same as last year

THE CHRONICLE.

666

Oro8$ Earnings.

GROSS EARN ING S AN D M IL E A G E IN MARCH.

1898.
A labam a Gt. South'll
Ann A rbor..................
A tlantic & D au ville.
Balt.& Ohio Southw.
Brooklyn Elevated. 1[
Buff. Roeli. & Pittsb..
Burl. Ced. R. & N o...
Canadian P acific___
Chesapeake & O h io..
<Dhes. 0 . A So. West’ 11
Chic. & East Illinois.
<Dhic. Great Western
Chic. Mil. & St Paul.
Chic. Peo.tfc 8t.Louis.
Chio. R. Isl. & P a o ...
Chic. A W est M ich ...
Cin. Georg. & P o rts..
Cin. Jaek. cfc Mack —
Cin.N.O .&Tex. Pac.
Cinn.Portsm’th & Va.
C lev. Canton & S o ...
Clev. Cin.Ch.&; St. L . .
C lev. Lorain <&Wheel.
Col. H ock. Val. & T ol
Col. San’ky. & H ock..
Oolosa & L ak e............
Denv. & Rio G ran de..
D . M oines No & West
D. Moines Kan. C.*.
Det. Lans’g <fc N orth..
fl>ul. So. Shore & A tl..
Elgin Joliet & E a s t..
Evansv.
Indianap.
Evansv.
Richui’d.
Evansv. <fc T. H aute.
F l i n t * Pere Marq.*.
Ft. Worth * R io G r..
G eorgia........................
G eorgia & Alabam a..
Ga. South, cfc Florida
G r.fiapids & Indiana.
Cin. R ic h .* F t . W ..
Traverse C ity.........
Musk. Gr.R.tfc Ind .
Gr. Trunk o f Canada.
Chic. & Gr. T ru n k .'
Det. G r.H av.& Mil.*
Gt. No.—S. P. M. * M.
Eastern o f MiDn..
M ontana Central..
G u lf <fc Chicago .........
H oosac Tun. & Wilm
Humeston & Shen ...
Illinois C en tra l.........
Internat’l & Gt. N o.t
Interoceanic (M ex.)’ .
Iow a Central..............
Iron R ailw ay..............
Kanawha & M ich ___
Kan.C. Ft. S. <fc M em ..
Kan. C. Mem. & B ir ..
Kan. C it y * N.W........
Kan.C.& B eatrice..
Kan.C.Pittsb. &Gul£.
Kan. City Sub. B elt..
Keokuk <fc W estern*..
Lake Erie A ll. <fc So.
Lake Erie & W estern.
L ebigb & Hud. River.
Long Islan d................
L os Angeles T erm ....
Louisv. Evans. & St.L
Louisv. <fc N ashville..
Louisv. N. Alb.cfc Chic.
L ouisv. St.L. & T ex..
M anistiaue.................
Memp. <fc Chariest’ u*
M exican Central.......
M exican N ational..
M exican R ailw ay4...
M exican Southern*..
Minn, cfc St. L ouis___
Minn. st.P.&S Ste.M.
M o. Kans. cfc T ex.sys..
Mo. Pac. cfc Iron Mt-.
Central Branch ...
M obile cfc Birm ’gham*
M obile & O hio............
N .Y.Cen.&Hm l. Riv.t
N. Y .O n t. * W est___
N orfolk tfc W estern ..
Northern Pacific*___
Ohio R iver.......... .......
Ohio River & C h a r...
Ohio Southern............
Peo. Dec. <fc E vansv.
Fitts. Marion <fc Chic.
Pittsb. Sheu. & L. E..
Pittsb. & W estern__
Pittsb. Clev. cfc T ol.
Pittsb. Pa. cfc F a ir ..
Quin. Omaha cfc K. C ..
R io Grande South’ n.
Rio Grande Western.
Sag. Tuscola * Hu rou
St. Jos. & Gr. 1sland. *
Bt. L. Alt. <fc T. H . ..
8t. L. Kennett & S o ..
St. Louis South wes’ u
St. Paul <fc Duluth___
Ban Fran, cfc N o.Pac.
Slier 8hrev.ifc South.*
So. Haven cfc E ast’n.
Southern R ailway..
Texas & P acific..........
Tol. & Ohio Ceutral..
T oi. Peoria & West’ ll.
Tol. St. L. & K. Citv .
W abash........................
West. N. Y. & Penn.*
W est Ya. Cen. & Puts.

$
116,959
98,537
44,541
530.697
150,0-5
230,88
405.418
1.491.00(
801,560
186,977
3 « 8,597
444,295
2,749,354
83,02b
1,275.66
120,011
4.59
60,011
281,597
23,2 42
49,886
991,17b
98,7*8
209,687
55,6oO
70i
539,10b
37,921
7,499
76,806
152.360
134,195
26,011
9.L--8
93,118
164,050
24,673
123,940
44,262
64,810
169.547
36,870
3,537
11.6 6
1,394,29
207,362
48,644
1 ,10 2,12 1
131,729
151 , c36
2,830
1,853
11,000
1,570.685
238,691
131.600
171,7)4
4,475
38,676
315,498
80,840
20,066
33 1
54,419
22,581
22.872
5.727
276,392
33,334
236.641
6,589
142,578
1,570.445
260 217
37.201
12.199
66.944
867,803
399.444
183,728
3 3 ,0 .0
169,595
303,237
88r,8 6
1,7.49.00
53.000
16.132
291,431
3,799.933
246,009
897,486
8. >2.492
70,772
17,8 <8
6 3, <55
73 ,9d l
3.35*
43,979
131,365
68,b99
20,205
26,133
32,96 t
179.300
8,226
38,334
108.24
4.379
358,100
103,6*3
49,72 4
12,030
1,437
1 ,5 2 4 ,8 i0
492.125
144.706
82.206
161,335
1,00 2,36c
157,600
102,449

1895.
$
118,104
89,426
48,52?
543,987
1 /2,90b
255,964
316,74
1,193,259
809,154
197.206
289,42/
234,579
2,256,2.37
72,191
1,197,830
140,229
4,854
48,067
288,330
19,273
4 a ,7 +
1,102,30.
97,506
175,129
60,68,
1.300
466,200
25,765
5,711
90,079
143,57t
94,657
25,093
8,206
85,731
153,392
3 i,Ou9
121,119
34,737
62,087
183,534
39,30 *
3,894
12,211
1,434,671
158.084
54,229
919,4-0
84.42
132,6 c.1
3,705
1,720
8,379
1,583.2 <4
276,832
136,905
124,556
4,608
32,237
339,371
75,629
2 l,7 " 0
503
44,515
15,601
19,203
6,792
294,572
33,01 5
267,668
15.941
116,6b7
1,600,109
244,733
32.07 7
11,307
58,930
8 1 5 ,,9 7
369,716
210,132
28 514
147,288
175,957
928,046
1,849.703
51,278
16,874
283,612
3,718,420
298,024
831,316
788,632
52,135
18,503
64,241
71.910
3,3*1
43.090
127,725
70,58
27.458
21,925
28,627
162, 700
8,685
43,542
108.120
2,47s
39 9.30C
98.531
57,50c
19.2 45
1,32:
1,510,69b
576.957
127.041
77,852
118,96c
1,01 A, 428
167,200
84,319

Sam e o f Road.
1896.

Mileagb

Or088 Earnings.
S a m e o f Road.

Increase or
Decrease.
$
—1,145
+9,111
—3,987
—13,29*
—22.923
—25,033
+ 88,673
+ 2 9 ',7 4 1
—7,594
— 10,228
+ 49,177
+ 159,716
+493,117
+ 10,835
+77,831
—20.218
—26 J
+ 11,944
—6,733
+ 3,969
+ 13)
—111,125
+ 1,232
+ 34,55?
—5,024
—600
+72,900
+ 1 2 ,15t
+ 1,789
— 13,273
+ 8,790
+ 39,538
+ 918
+ 932
+7,387
+ 10,153
—5,3
+2,821
+ 9 ,* 2 ‘
+ 2,721
—13,937
—2,437
—357
—605
—40.379
+ 49,278
—5,58ft
+ 1 8 2 ,6 ll
+ 47 ,3 0
+ 19,009
—875
+ 133
+2,621
—12,599
—38,141
- 5,395
+ 47,188
— 133
+ 6,439
—23,873
+5,211
—1,634
—165
+ 9 ,9 j 4

1896.
295
307
285
921
20
384
1.13)
6.391
1,3*0
398
521
922
6,1 6222
3,571
575
42
349
3 <6
111
210
1,850
195
329
273
22
l,6 6 o
15i
112
334
584
187
156
102
167
637
146
307
265
285
436
86
26
37
3 ,512
335
189
3,720
72
25 b
62
189
95
2,888
775
531
497
20
173
954
276
153
2
339
35
14*
61
725
90
39
50
372
2,966
537
166
44
330
1,860
1,219
321
227
370
1.168
2,06*»
4,9J6
38 "
149
687
2,396
477
1,570
4,497
215
207
226
334
25
181
227
77
61
139
180
52 "
67
445
234
20
1,223
248
165

+t>,"80
+ 3,669
—1,065
—18,18'J
+31—31,0 *7
—9,3 52
+2.-*,9 LI
—38,664
+ 15,4*4
+ 5,1°4
+ 892
+ 7,964
+ 52,306
+ 29 ,7 2 *
—26,404
+ 4,5 5 6
+ 22.307
+ 1 2 7 ,3 10
—39,180
—50,7O3
+1,722
—742
+ 7,81 9
+ 81,573
—52,015
+ 66,170
+ 6 <,860
+ 18,637
—605
—989
+ 1,991
-2 3
+880
+ 3.640
-2 ,1 8 6
—7.193
+ 4,508
+ 4,337
+ 16,60 i
—459
—5,2o8
4-120
+ 2,400
—4 1,2- 0
+ 5 . >62
—7,779
—7,195
37
+ 16S
+ 13,994 4,6*9
—3 4.432 1,491
+ .7,657
367
+4,35*
247
+ 12,472
451
— 13.0 15 1,935
—9,60(
643
+ 18,130
152

[V ol . LXII.

1895.
295
3o7
285
921
20
334
1.134
6.346
1,360
398
516
922
6,148
222
3,571
575
42
344
336
111
210
1,850
195
329
273
22
1,657
154
112
334
584
187
156
102
165
637
146
307
256
285
436
86
26
37
3,512
335
189
3,720
72
256
62
189
95
2,888
775
531
497
20
173
916
276
153
20
278
35
148
61
725
90
367
50
372
2,955
537
166
44
330
1,860
1,219
321
227
370
1,168
2,023
4,990
388
149
687
2,396
477
1,570
4,497
215
2) *7
226
334
25
183
227
77
61
139
180
520
67
445
239
20
1,223
248
165
155
37
4.494
1.499
367
247
451
1,935
643
152

Wheel. & Lake E rie.
Wisconsin Central..

8

96,270
333,849

1895.

MiCeaae

Increase or
Decrease. 1896.

$
108,135
332,122

s
—11,865
+ 1,727

1895.

247
918

247
918

37,250,670 35,674,299 + 1,576,371 92,222 91,850
* For three weeks only,
t A pproxim ated fo r this year.
XEarnings of Gaiv. Hous. <fc Henderson are excluded for both years.
IF Earnings last year were heavily increased by the strike on the surGROS8 EARNINGS FROM JA N U A R Y 1 TO M ARCH 31.
Name o f Road.

1896.

$
Alabama Gt. Southern..
342,590
Ann A rbor.......................
269,286
Atlantic & D a n v ille ___
1 2 ’ ,647
Balt. <fcO. Southwest ...
1,493,517
Brooklyn Elevated........
458,592
Buff. Koch. & Pittsburg.
7 05,057
Burl. Ced. Rap. & N o ...
1,149,362
Canadian P acific............
4,291,053
Chesapeake & O hio.......
2,523,193
Chesap. &OI110 Southw.
582,432
Chic. «fc East’n Illinois..
1,001,377
Chic. Great W estern__
1,190,102
Chic. Milw. & St. P au l..
7,384,656
Chic. Peo. & 8t. Louis. .
250,100
Chic. R ock Isl. & P a c ...
3,576,098
Chic. & West M ichigan.
356,789
Cin. Georg. & Ports m’th
13.451
Cin. Jackson & M a ck ...
171,213
Cin.N.O. & Texas Pac..
822,197
Cinn. Ports. & Virginia.
63,618
Cleveland Canton <fc S o..
139,103
Clev. Cin. Chic. & St. L . .
3,064.134
Cleve. Lorain *fc wheel .
284,732
Col. Hock. Val. & Toledo
622,057
Col. San’ky & H ock in g ..
178,530
Colusa <&Lake................
2.700
Denv & Rio Grande___
1,623,149
Des Moines Nor & West.
112,353
Des Moin< s& Kau.City*
26,829
Det. Lansing & North’ ll.
223,317
Dul. So. Shore & A tl___
430,296
Elgin Joliet cfc East.......
343,703
Evansv. & Indianapolis.
72,528
Evansv. & R ichm ond ...
22.569
Evansv. & Terre Haute.
270,236
Flint & Pere Marauette*
614,589
Ft Worth & Rio Grande
96,197
Georgia........................
428,279
Georgia & A labam a......
147,120
Ga. Sourh’ u A F lorida..!
221,973
Gr. Ranids & In d ian a...
484,153
Cin. Rich, cfc Ft.Wayne.
101,957
Traverse C ity...............
11,375
Mus. Gr. R. <fc Ind.......
31,270
Gr. Trunk of C an ada...
4,047,313
Chic, tfc Gr. Trunk* ...
742,316
Det. Gr. H. <fc M ilw.*.
185,776
Great Nor. St. I\ M.& M. j 2,834,846
Eastern o f Minnesota.
359,767
Montana Central.........
450.173
Gulf <& Chicago .......... I
10,064
H oosac Tun. & W ilm ...
9,373
Humesion & Shenand’h
33.200
Illinois Central...............
5,033,322
lut. & Great N orth ern ..
758,312
Interoceanic (M ex .)*...
512,476
Iowa Central...................
506,547
Iron Railway...................
12,573
Kanawha & M ichigan. .
115,947
Kansas C. Ft. S.&M em ..
1,084,032
Kan. City Mem. & B ir..
296,340
Kansas City & N. W .......
64,365
Kan. City & B eatrice.
757
Kan. City Pitts. & Gulf.
151,500
Kansas City Sub. Bell .
63,654
Keokuk & Western*___
8^,021
L. Erie A lliance & S o...
18.147
Lake Erie & W estern...
842,694
Lehigh & Hudson R iver
97,538
Long Island....................
637.403
Los Anceles Term..........
23,860
Louisv. Evansv. <fc St. L.
375,435
Louisville <fe Nashville..
4,875,552
Louisv. N. Alb. & C hic..
713,151
Louisv. St. L. & T ex as..
105,625
M auistique..... ...............
33,403
Memphis & Charleston*
304,959
Mexican Central ..........
2,466,361
Mexican N ational..........
1,161,292
Mexican R ailway*.........
736,793
Mexican Southern*.......
117,975
Minneapolis & St. Louis
463,849
Minn. S t.P .& S . Ste. M.
786,984
Missouri K. & T ex. ays.
2,821,651
Mo. Pacific & iron M t..
5,255,000
Central Branch..........
168.000
Mobile & Birmingham*.
65,637
Mobile & Ohio.................
88 i ,302
N. Y. Cent. & Hud. Riv.. 10,484.600
N. Y. Ontario & W est’ ll
751.174
Norfolk & W estern.........
2,770,973
Northern Pacific* —
3,177,057
Ohio R iver.................
211,634
Ohio Riv. & Charleston.
55,935
Ohio Southern...........
198,376
Peoria Dec. & E vansv..
216,595
Pittsb. Marion & C hic..
10.266
Pittsb. 8hen. <fe L. Erie.
139.191
Pittsburg & W estern....
344.451
Pittsb. Cleve. & Tol....
174,414
Pittsb. Paines. »v F’ pt
43,334
Quinev Omaha & K. C-.
72,183
Rio Grande S outhern...
103,861
Rio Grande Western —
490,570
Sag. Tuscola <& H uron..
24.630
St. J os. & Grand 1sland
148,574
8t. L. Alt.& T .H .B r’Chs
322,103

1895.

Increase. '•Decrease.

*
358,645
16,055
241,723
27,543
13,62
114,027
35,433
1,533,050
133.406
591,998
29,152
675,905
274,666
874,696
934,726
3,356,327
285,987
2,237,206
539,441
42,991
93,290
908,087
410,844
779.258
6,078,137 1,306,511204,050
4 ',0 5 0
3,333,249
242,847
13,470
370.259
13,443
8
26,714
144.499
24,02u
798,177
7,384
56,264
144,19 i
5,087
62,662
3,126,846
24.898
259,881
63,5s9
558,468
4,205
182.73.5
800
3,500
132,282
1,490,867
41.23
1
71,128
9,096
17,733
25,007
253,32 l
37,329
392.96
83,615
260.090
1,135
71,393
186
22,363
34,413
236,873
118,223
496,366
1,210
97.40
109,6061
318,673
39,921]
107,199
31,577!
190,402
17,019:
466,604
183
101,774
1,667
9,718
3,341
27,926
51,921
3,992,39'.;
179,346
562,970
4,016
189,292
541,482
2.293,364
91,037
265,730
101,224
348,949
512
10,576
1,491
7,882
7,568
25,642
425,578
4,607,744
82,779
311.091
43,637
556,113
140,594
365,953
378
12,1951
24 826
91.121
49,855
1,034,177]
241 04 51
55,29-6
7,935
56,3.0]
269
1.0261
28,083
123,417]
18,015
45,639]
15,309
72,712
2,949
21,096
17,321
825,373
” 4,558
102.096
23,166
660,569
22,899
46.759
57,047
. 318,388
293.401
4.576,151
57,716
655.43.5
14,316
9 1,239
3,039
30,369
79,909
225.050
149,257
2,317,104
123,317
1,032,975
60,914
797,707
13.627
104,348
85,19"
378,659
257,897
529,087
142,336
2,678,815
179.694
5,075.306
31.599
136,401
3,426
62.211
785,314
95,918
9,83.5,818
648,78
52,177
803,351
2,343,359
427,614
2.745,050
432,007
146,93
64,750
44,407
11.528
9,76b
188,610
6,837
223.432
9,918
348
104, .0 7
34.381
315,210
29,211
7,422
151,836
3,206
52.040
13.731
58.449
84,46 .
19.396
443,290
47,280
1,985
26.615
140.342
2,232
""883
322,991

THE CHRONICLE.

A p e il 11, 1896,]
Name c j Road.

1895.

1896.
S
13,156
1,239.900
292,236
146.976
62,770!
3.626
4,650,565!
1,615,243
427.65 f
253,014
461.252
2,905,441
548.499
273,050
291,513
910,570

8t. Louis Southwestern.
S t,Paul & D u lu th .......
Ban Fran. & So. Pacific
Sherman Store ve. 4c B o *
South Haven <& E ia th .
Boa?h e rs R ailw ay. . . . . .
Texas & P acific.. . . . . . . .
Toledo & Ohio C en tral..
Toledo Peoria Sc WesPa.
ToL St. L. & Kan. City..
Wabash..........................
Wear S Y. & Pa * . . . . .
West Va. Cen.& P itts....
Wheeling <fc Lake E rie ..
W isconsin C en tra l. . . . . .

Increase.

8.413
1,246,300
209,422
144,681
77,289
2,349
4,274,681
1,72 3 534
395.131
229.733
370,6
2,761,934
593,116
221,677
29-1,469
831,057

16,500
______
14,519

1,277
375.885

108,291

44,617

51,378

6,956

79,513

110,479,309 100,847,280 10.438.456
9,632,029

Hot increase.

J

22,914
2,29? i

32,219
2 f,3 1 1
9-),5S4
139.487

806,427

* F or three weeks only in March.

S t o c k E x c h a n g e C l e a r i n g - H o u s e T r a n s a c t i o n s . — The
subjoined statement includes the transactions o f the Stock
Exchange Clearing-House from March 36 dow n to and includ
i n g Friday, April 10; also the aggregates for January and
February in 1896 and 1895.
STOCK KXCHAHOS CCEASING HOUBB TRANSACTIONS.

—Shares, both t i l e s — . --------- B a la n ea , one title--------. Sheet!
Cleared, Total Value,
Share!. Value Shares. Cash. Cleared
1895—
*
*
S
jA D u a rr„.
7 » t> r a a rr .
M a rch .. ..

is r.9 s .s o o sm/jm.ooo
7e&loe.> oo
19,067.100 1.807,600,000

» m o*....

IM 8 I.8 0 3,-.6J,''r.'.two

1896■Mmamj,.* isr* 8 5oo
Wmbramry. 17,004,900 1,008,000.000
March...... 14,67$,COO 1,000,600,000
S m m ...

L t m .r o
w*7.soo
1,493,600

e s .n n o o o i,*S 3 ,ioo
K . 000,000 l,I33.soo
*5,400,000 1.926,400

asst
e .s i:
6.640

ASM.MO

lol.lOO.OOO 4,143.000

18.4%

1 , 445.000

876
a,2«i

1314,200

i.»04.4<o

01,000,000 1,452,800

0.811

5,452,84)0 285,700,000 4,202,200 10,04.8

4S.&78JOQ

S A V IN G S

K IN K S

OI

THE

*~Shftres9 both sides.—*s ------- - Balances, one s id e ------- . Sheets
Cleared. Total Value, Shares. Value Shares, Cash. Cleared

Decrease

$
4,743

$

NEW

667

Mar. 3 0 ..
“ 3 1 ..
Apr. 1 ..
2 .
“
3 ..

772,000 54.100.000
616,200 39.600.000
783,500 51,000,000
523,300 34.500.000

s

77,900
6S.400
87,2 0
5 '.1 0 0
■H O M O A Y

$

4,700,000 79,500
313
3,800,000 67,900
30 5
5,000,1100 62,500
833
3,400,000 29,900
303
.......... ..................................

Tot. irk 2,695,000 179,200,000
Wklastyx3,785,500 231,900,000
Apr. 6,. 734,800 51.800.000
7 .. 602,606 38.200.000
8 . 491,600 31.400.000
9 .. 534,700 37.600.000
1 0 .. 482,200 33.400.000

292,900 16,900,000 239,800 1,254
415,000 21.700,000 364,o r o 1,504
81,200 5.000.
94,300
000
819
69.800 4.000.
47,801
000
315
48.800 2.700.000 61,700
288
54,000 3.100.000 39,800
288
51,200 3.400.000 31,400
281

Tot. ir k ..2.848,900 192,400,000
Wklastyr2,291,100 142,600,000

308.000 18,200,000 277,000
245,900 13,300,000 189,100

1,491
1,1 68

The stocks cleared n ow are Am erican Cotton Oil com m on,
American Sugar com m on, Am erican Tobacco com m on, A tch
ison, Central o f N. J., Chesapeake & Ohio, C hieaio Burlington
Sc Quincy, Chicago Has, Chicago Milwaukee & St. Paul com 
mon, Chicago & North Western com m on, Chicago Rock Island
& Pacific, Delaware & Hudson, Delaware Lackawanna &
Western, Distilling & Cattle Feeding, General Electric, Lake
Shore Sc Michigan Southern, Louisville & Nashville, Manhat
tan, Missouri Kansas & Texas preferred, Missouri Pacific, New
York Central, New Y ork Lake Erie & Western, New Y ork &
New England, New Y ork Ontario & Western, New Y ork Sus
quehanna & Western preferred, Northern Pacific preferred,
National Lead com m on, Philadelphia & Reading, Southern.
Railway e<»nm on and preferred, Tennessee Coal & Iron, Texas
& Pacific, Union Pacific, United States Leather com m on and
preferred, United States Rubber com m on, Wabash com m on
and preferred, Western U nion and Wheeling & Lake Erie
com m on.

ENGLAND

STATES AND

NEW

V O llK .

NUM BER OF DEPOSITORS OH OPEN ACCOUNTS, AND NUM BER OF BANKS,

M*®*.

N ew
; IlAHISIUKt: : Y c r h o s t .

M a SSLICHU- !
setts .
j

KlfODE
I sland .

Connecti
cut .

Y ear,
8 !

8 '
{ JM posi -

■

a
tors.

I

4 3 54,155
49 09,411
54 81,820
56 91,398
58? 96,790
61 101,326
60; 00,621
88,061
m
50: 77,071*50 75,143
55
55: 87,977
55 05,480
54 101,822
54 105,080
54
M 114,601
54 110,229
55 124,562
55 132.102
54 140,521
53 146.668
03 135,333
52 153,922
5 i 156,704
52 180,216
I

1870..........
l » 7 i ..........
1 8 7 2 .......
1873..........
1 8 7 4 .......
1875..........
1 8 6 ..........
1877..........
1878..........
i8 7 9 ..........
1880..........
1 Hh ! ...... .
1 8 8 2 .......
l e s s ..........
1 89 I..........
........
1 886..........
1 8 8 7 .........
1 8 8 8 .......
i 889..........
1 890..........
1 8 9 1 .......
t m 2..........
1 893..........
1 894........
895. .........

tors.

45
52
5-1'
61
64
«H;
08'
87

70,918
77,471
86,790
04,987
92,789
06,038
io o .iii
07,683
m> 04,907
m
87,279
67 80,934
m

m m i

65 101.132
m 113,187

67
68
67
66
60
80

72
73
71
70
70
67

117,-317
121,210
125,273
132,714
139,067
145,031
150,782
106,264
100,949
174,851
1«9,510
163,702

-■

I

>!

D rp ori- ;
D ep osi- i *
Deposi
tors.
\ Z : tors.
tors, i § ;

11 \ 17,741 130 488,79712 1 14,186 160 563,201,
13 » 16,84.3 172 830,240
13 121,274 175 660,220
13 * 25,403 179 702,090,
13 27,007 180 720,039
.15- 29,481 180 739,2810
15 31,528 170: 739,757 1
,10 32,117:10-8 074,251
10 32,655.1 m l 675,555
16 34.800 104 700,395:
•22 - 68.3701 %$m 738,951
* 22 42,583 100 772,51825 4 0,318:16 8 ; 806,010;
•S i 45,837,168’ 828,8081
* 20 ' 46,778 171 848,787!
* 26 i 49,453 172 900,039!
* 2-8; 53,810 173 941,778!
* *29 57,520 176 0-83,202'
*31 61,759 177 l ,029,604;
* 31 65,759 170 1,083,817!
*34 72.702 180 1,131,2031
* 36 80,740 184 1,189,936
* 39 89 ,115 485 1,214,493!
•40 92.239 ISO 1,247,090
*30' 97,480 1ST 1,302,4791

26 72,891
33 79,076
36 88,664
37 93,124
37 98,359
38 101,635
39 99,805
39 99,646
39 93,053
39 93,193
30 97,682
39 102,991
33:112,472
381114,762
88 115,752
38 116,381
871119,159
37 129,141
381123,102]
38 127,898;
38 131.652:
38 136,6481
38 1*2,492
35 130,610!
3-5! 131,623
35 ■135,2521

Drposttors.

T otal
N. E n glan d
St a t e s .

| Deposi
§ - tors.

T otal

N ew Y ohk . N, E n g l a n d &
New Y ohk.

Deposi
tors.

64 177 ,887 328 832,389 136 712,109
73 195,,937 379 997,382 147 776,700
78 201 42 40’ 1,105,605 150 822,642
71* 201 ,741 421 1,171,733 155 839,472
86 206,.,274 137 1,221,722 158 872,498
87 208, 030 150 1,256,235 154 859,738
86 203, 514 148 1,262,961 150 849,639
86 204,,575 440 1,261,850 138 844.550
S199 ,795 434 1,172,161 132 810,017
86 202,,385 432 1,100,510 128 864,450
:-f> 213, 913:420 1,223,740 128 953,707
85 225, 366 430 1,290,545 127 ,030,106
84 237, 993 430 1,365,487 127 ,095,971
84 24 6, 632 435 1,428,731 127 ,147,588
84 252, 45 435 1,462,839 126 1 ,165,174
84 256, ,09 441 1,498,0571123 1 ,208,072
85 266 ,888 441 1,581,503:124 ,264,535
85 278 ,415 443 1,640,090 125 ,325,002
85 287 ,776 452 1,716,129 125 ,362,852
86 294, .896 456 1,791,480 124 ,420,997
86 305 ,951 460 1,887,482 124 ,477,819
87 317, 925 465 1,971,110 122 ,516,289
87 331 ,061 469 2,009,511 124il 593,804
89 335: ,879 470 2,098,673 125 1,,585,155
90 337 ,254 171 2,133,420U25 1 ,615,178
AO 348 ,758 470 2,205,893 12611 ,695,787

Y ear.

Deposir
tors.
464 1,594,498
526 1.774,582
557 1,928,247
576 2,011,205
595 2,094,220
604 2,115,973
598 2,112,600
584 2,306,400
566 1,932,178
500 2,030,966
554 2,177,447
55' 2,326,651
557 2,461,458
502 2,576,319
561 2,628,013
564 2,706,729
565 2,846,038
568 2,974,152
577 3,078,981
580 3,212,457
584 3,365,301
587 3,487,699
593 3,663,315
595 3,683,828
596 3,748,593
596 3,901,680

....... 1870
....... 1871
....... 1872
....... 1873
....... 1874
....... 1875
....... 1876
....... 1877
.......1878
....... 1879
.......1880
.......1881
.......1882
....... 1883
....... 1884
.......1885
....... 1886
.......1887
....... 1888
.......1889
....... 1890
.......1891
....... 1892
....... 1893
.......1894
....... 1895

AGGREGATE AMOUNT OF DEPOSITS.
Total
|
Total
New England
i X. Entjlund
Rhode
£
New
York.
Tear.
Connecticut,!
States.
{
Kew
York.
Island,
Tear.
setts.
1 t Maine, I Hampshire. Vermont,
------U-------—-—— — .-----------8
j
s
............1870
2,71 .,779 135.71.1.097] 30,708,501 55,297,705 209,854,431 230,749,408 490,603,839
1 8 7 0 ..............: 10.597.888 13,759,401
............1871
3,172,325 103,704,077 36,2S9,703 62,717,814 310,144,041 207,905,820 578,049,807
22,787,80; 21,472,120
1871.
............1872
3,836,224 181.797,318 42.503,538 68,523,397 350,595,579 285,280,621 635,882,201
1872
.... 20,154,333 24,700,774'
............1873
383,288,412
285,520,085
668,80.4,497
70,769,407
4,478,842 202,195,343 46,617,183
29,550.323 29,071,114
1873
_________________________________
_____ ■ 48,771,501 73,783,802 -404,900,5931303,935,649 708,836,242 ............187*
_
7),011,831 '217,452,120
1874
.... 31.051.963 20.829,376
6,489,310 433,952,196 319,260,202 753,212,304 ............1875
0,004,094 237,840,9631 51,311,330
32.003,314 30,214,583
1075..............
754,741,576 ............1876
1876
.... 27,81.0.76-1 31,198,064 0,670,670 2 43,340,042! 50,511,979
750,255,177 ............1877
i 9,567 9 9 /
1877
.... 20,888,482 32,388.876!
ti.722,6-9 -<r.) -iOi.irn 4 1,266,882 72,515,468 385,332,729 299,074,639 684,407,36.8 ............1878
1078............... 23,173.11.: 20.793,947,
693,588,565 ............1879
72,842,443
370,330.064
319,258,501
1879............... 20,978,130 26,202,130’ 6,733,104 206,378,709 43,095,533 70,518,570:398,151,0S2i353,620,657 751,780,709
............1880
1 8 SO.............. 23,277,67580,522,300
426,970,275
387,832,893
814,803,168 ............1881
At.
........ 1882
29^503,889 36,181 ’,188 * 12,675,269 >41,311,362 48,320,671 84,942,410 452,934,787 412,147,213 865,082,000
IPB2.
1883................ 31,371,868 39 .124 311 *14,050,047 152,607,593 60,127,806 83,098,384(475,381,112 431,080,010 906,461,122 ............1883
51,070,100 90,614,623 493,143,651 437,107,501 930,251,152 ............1884
18- 4 . . . . . . . . . . . 32,913,836 42,091,590 * 13,724,291
92,481,425 511,934,414 457,050,250 968,984,664 ............1885
1886............... 35,111,600 43 32 7 ,3 5 0 * 13,699,231
37,215,071 4 6 ,0 3 1,9 1 3 '1 4 ,2 5 3 ,9 0 3 2) 1,197.9- 0 53,284,321 97,424,820 540,008,488 482,486,730 1,022,495,218 ............1880
18 86.............
55,363,2834
02,189,935:505,201,201 505,017,751 1,070,218,952 ............1887
38 31 9 ,0 4 3 50,29- ,066 * 15,587,050
1 - 6 7 .............
523,677,515 1,113,923,357 ............1888
18 88............... 40,969.063 53,939,079 * 16,602,067
550,066,657 1,172,720,017 ............1880
1889.......... .. - 43.977,085 57,300,590 * 17,801,328
............1890
63,719,491 [116,406,675 086,557,852 574,069,972 1,2-! 1,227,82!
1 8 9 0 .............. 47 ,781,166 65,727,019 * 19,330,504
588,425,420
1,288,239,900 ........... 1891
66,276.157
122,5-2,159
699,814,460
1 8 9 1 ............... 50,278,152 69,531,024 ' 21.620,303
69,906,992 130,686,729 744,125,933 029,358,273 1,373,484,206 ............1892
1 8 9 2 ............... 53.397,949 72,139.6001* 24,671.74 i
69,053,724 133.967,220:757,918,031 017,089,449 1,375,007,480 ........... 1893
m m . . . . . . . . . . . 53,201.309! 7 4 .3 7 7 ,2 7 9 - 27,262,92!>'
1,418,139,587 ............1894
1 8 9 4 .,........... 54, >31,223! 70,616,9481 *27,960,350; 416,778,017 67,444,117 136,928,858 774,266,013 643,873,574
1.196.452,501 ........... 189 5
601,764,503
_______________143,159,1231804,637,998
_________
68,732.903
439,260,803
i 56,378,14-1 m .746.70 *1B30,403,264'
* l:
..........
1 C -!.:::............ ■
“
;
I
'
1
1 ‘ r in -lin tm ?
M to th e nunitwT of rl..po‘ ir.
................... d Windham none (T
' ,l, , / 1VL 11 l . v .'l Bv
S
. a „ , ,.ono «>
snir-ml. liralilcOoro, Nortlitield and Vormont n-.no lor
t !
and Vermont, nmus for 1874
r Ur» to 1879 th« dmm siu include ttoo profit; account,and there is no means o f separating: that item. _
above the flinirea
iri each d u e for the end o f the fiscal y ea r; in Massachusetts the year ends October 3 1 ; m M aine
and Vermont J ......3 0 ; in Rhode Island Nov* 19, or thereabouts; m Connecticut Sopt. 3 0 ; and m. New
York Dm* 81.

THE CHRONICLE.

668

^ X o iu e ta r a g © c r m m e r c ia l^ t i0 lis lt iijie x o s
[F rom our ow n correspondent. 1

L ondon, S aturday , Mar. 28, 1896.
On Thursday the Caisse of the Egyptian public debt voted
on the question o f making an advance of half a million ster
ling for the Soudan expedition. The French and Russian
representatives asked for delay on the ground that the nego
tiations between the Powers were still going on and that such
a vote must be unanimous. H aving entered their protest
they w ithdrew from the meeting. The representatives of
this country, Austria-Hungary, Germany and Italy agreed
to advance the m oney in the absence o f their tw o colleagues.
A s soon as this was known, however, the Caisse was cited
before the tribunals by persons acting in the interest of
France in the hope of delaying the measure. It is stated,
however, that £200,000 has already been advanced, From
the vigorous support given to our Governm ent by Germ any,
it is generally inferred that the visit o f the Austro-Hungarian
Foreign Minister to Berlin has restored good relations between
the tw o governments. In certain quarters in Germ any that
is denied. It is pointed out that Germany has acted at the
instance of Italy, not in support o f Great Britain. H ow ever
this may be, the concurrence o f Germ any has undoubtedly
produced a better feeling here as well as in Austria-Hungary
and Italy. A few days ago it was rum ored that the Sultan
had appealed to Russia and France against British action.
The Under Secretary for Foreign Affairs, however, stated in
the House of Commons on Thursday evening that no such
appeal had been made and that no protest had been entered,
but that the Porte had asked for explanations, w hich were
given.
Meantime, Russian influence is being m ore firmly estab
lished in the Balkan Peninsula. Prince Ferdinand, o f B ul
garia, has been very favorably received in Constantinople,
and for the time being the policy o f Russia appears to be to
h old France in check and to confine her ow n action to
strengthening her position at Constantinople and pushing
forw ard as rapidly as possible the construction o f the Siberian
railway.
The news from the Transvaal has suddenly becom e dis
quieting. A t the end o f last week all President K ru ger’s
friends in this country concurred in saying that he had quite
made up his mind to visit London, and that he had no doubt
he w ould be able to get the consent o f the Volksraad. S u d 
denly the Boer opposition has becom e stronger than w as
expected, partly because o f the arrival of Mr. Rhodes at Beira
and partly because o f the reception given to Dr. Jameson in
this country. President K ruger’s friends are still confident,
however, that he w ill carry the Volksraad with him. An
thero unfavorable circum stance is the rising o f the Matabeles
in Rhodesia. But as Mr. Rhodes is now on the spot it is
hoped that the rising w ill be speedily put dow n. Nothing is
yet known respecting the negotiations about Venezuela, but
the opinion is here almost universal that they are going on
favorably and that a satisfactory arrangement w ill soon be
arrived at.
There is little change in the m oney market. Just for the
mom ent the Stock Exchange settlement, w hich closed last
evening, and the preparations for the end o f the quarter are
causing some demand for loans, though not m uch; and the
disbursements out of the exchequer are smaller than was
generally expected. The Government deposits in the Bank
o f England still exceed 18 millions sterling. The disburse
ments must be on an enormous scale within the next few
days, and everything points to a long continuance of easy
meney.
The silver market is weak, partly because all hope o f an
International Conference is now given up and partly because
there is hardly any demand for the Far East. The new
Chinese loan is just being issued. The India Council has su c
ceeded better this week in selling its drafts. It got nearly
Is. 2% d. for the w hole amount o f 60 lakhs offered. The
Indian Government has decided upon m uch larger railway
construction than for a long time past. During the year just
closing and in the current year there will be under construc
tion 4,573 miles, or about 25 per cent addition to the existing
system. That after a while must stimulate trade, w hich,
however, is very bad ju st now. The exports are smaller than
usual at this season. It is stated, for example, that 600,000
bales o f cotton are being financed in Bom bay because the

[V o l . L X II

natives are unw illing to sell at present European quotations .
The stock markets are utterly inactive, m ainly of course
because o f political apprehensions and the unfavorable news
from the T ransvaal; but to some extent also because o f the
approaching Easter holidays. It is expected that the Stock
Exchange will be closed from next Thursday evening until
the follow ing Tuesday m orning, although the com m ittee has
not yet finally decided. The Am erican department is neg
lected.
There has been during the week a sharp fall in South
African gold and land shares, ow ing to the unfavorable news,
and international securities are lifeless. Consols and other
first-class securities are well supported, but the general public
is practically doing nothing. It is known that new enter
prises on an extraordinary scale are fully prepared and are
only held in check by the prevailing political uneasiness. If
the political prospect clears, there w ill undoubtedly be an
extraordinary number of new companies o f all kinds brought
out, and it is expected that in India, Australia and South
A frica more particularly British investments will be on an
enormous scale. A ll depends, however, upon the revival of
political confidence.
The follow ing return shows the position o f the Bank o f
England, the Bank rate o f discount, the price o f consols, & c.,
compared with the last three years:
1898.
M ar. 25.
Circulation......................................
Public deposits........................
Other deposits...............................
Government securities................
Other securities.............................
Reserve o f notes and coin...........
Coin & bullion, both departm’ts
Prop, reserve to liabilities, .p.c.
Bank rate......................... per cent
Consols, 2% per c e n t ....................
Silver...................................................
Clearing-House returns..............

1895
M ar. 27.

£

£

1894.
M ar. 28.

25,379,580
25,287,180
18,719,227
12,613,559
45,745,427
31,825,643
15,151,621
12,489,488
27,525,404
20,934,836
40,124,377
29,242,790
48,703,957
37,729,950
62%
65 13-16
2
2
109 13-16
104 9-16
31%d.
29M115,747,000 118.362.000

S

24,777,610
12,859,911
29,116,668
8,933,583
28,340,275
23,112,510
30,790,121
54%
2
99M
27%d.
80.580,000

1893.
Afar. 29.
£
25,562,525
10,439.377
28,923,102
11,209.809
29,473,795
17,121,831
23,234,380
43 5-16
2%
9816
38«d .
136,535,000

Messrs. Pixley & Abell write as follow s under date of
March 26:
Gold —Although the inquiry tor gold has le sse n e d .n o bars as yet
have reached the Bank ot England, w hich has receiv ed since our last
£6,000 only. A rrivals: West Indies, £ 2 2 ,0 0 0 : N ew Y ork, £4.000;
Capetown, £S S ,0 0 0 ; Australia, £ 1 0 ,0 0 0 ; China, £ 6 ,0 0 0 ; total,
£131.000. Shipm ents: B om bay, £ 3 0 ,0 0 0 ; Straits, £ 2 ,0 0 0 ; total,
£32,000.
Silver.—The closing price is 31 q d ., the sam e as last week. The
fluctuations have been small, and there has been less inquiry than
usual. A m erica has not sold largely. A rrivals : New Y ork, £2 48,000;
West Indies, £ 2 2 ,0 0 0 ; total, £270,000.
Shipm ents to B om bay,
£79,000.
M exican D ollars.—V ery few transactions h a v e been record ed in
these coin, the last price at which business was done being 3 1 ^ .
Arrivals from New Y ork, £26,000. Shipments to China, £64,900.

The quotations fo r bullion are reported as follow s :
GOLD.
Lon don Standard.

M ar. 26.

M ar. 19.

8. d.
77 9%
77 10
76 0
76 2
76 4
76 3 «
76 3%

8. d.
77 914
77 10
76 0
76 2
76 4
76 2H
76 3%

Bar gold, fine— oz.
Bar gold, parting.or
Spanish O ld.........oz.
Bo.
N e w ___oz.
U. S. gold coin. ...ozGerman gold coin.oi
French void coln.oz

SILVER.
Lon don Standard.

M ar. 26. Mar. 19.

d
Bar silver, fine. ..oz
31%
Bar silver, contain31«
lng 5 grs. gold..oz.
Cake silver...........oz. 33 11-16
Mexican dollars..oz.
31%

d.
SIM
31«
33 11-16
31M

The follow ing shows the im ports o f cereal produce into the
United K ingdom during the first twenty-nine weeks of the
season, compared with previous seasons :
IMPOSTS.

1895-96
1894-95.
1893-94.
Im ports o f w heat.cw t.36,974,060 37.578.696 32,126,787
Barley.......................... 15,094,210 17,332,654 19,579,387
Oats.............................. 7,691,480
7,663,157
7,645,701
Peas.............................. 1,670,490
1,419,379
1,569,277
Beans.......... .............
2,118,762
2,606,082
3,115,596
Indian oorn................. 26.728,900 14,863,414 18,606,947
Flour............................ 12,463,540 11.348.140 10,723,246

1892-93.
35.578,815
10,628,726
6,794,291
1,373,243
2,482,386
16,313,231
11,765,020

Supplies available for consum ption (exclusive o f stocks on
September 1):
-----------Wheat im ported.ow t.36,974,060
Imports of tiour.........12,463,540
Bales of hom e-grow n. 9,394,608

1894-95
37.573.696
11.348.140
13,282,454

1893-94.
1897-93
32,126.787 35,578,815
10,723,246 11,765,020
14,268,518 15,952,321

Total..................... 58,832,208
1895-96.
Aver, price wheat week.25s. I d
Average p rice,sea son ..2 5s. Id .

62,209,290
1894-95.
193. 9d
19s. 9d.

57,118,551
1893-94.
24s. 3d.
26s. 3d.

63,296.156
1892-93.
24s. 9d*
27s. OdThe follow in g shows the quantities o f wheat, flo u r aDd

maize afloat to the United K ingdom :
T fittw ee k .

W heat..................qrs.
Flour, equal to qrs.
M aize...................qrs.
fin s lis h

L a st w eek .

2,305,000 2,358,000
302,000
333,000
624,000
760,000
F in a n c ia l

1895.
3,271,000
356.000
254.000

1894.
3,124,000
397.000
316.000

m a r k e ts — P e r C a b le .

The daily closing quotations fo r securities, & c., at L on d on
are reported by cable as follow s for the week ending A pr. 10:

THE CHRONICLE.

A pril It. 1896.J
London.

Mon.

Sal.

Toes.

Wed.

3L31(5
31%
31H
110%
110
. .. ...
Oonsols, new , 2% p. ets.
110%
110
Fr’ eh rentes tin Parts) It . 01*57% 01*37% 0 1*02% 101*20
;
16%
16%
Atofa, Top. A 3. F e.........
*
57
56’ e
Canadian PaolBe............
j
16%
Chesapeake A O h io.......
16=b
77%
77%
Chic. Mil*''. * St. Paul
:
48 R
48 %
Den v. & Klo Grande, old
15
15%
Erie . . . . . . . . . . . . ..........
*
39 % 39%
do
1st preferred.
;
......
......
N. Y. L. E. * ft'. 2d eons.
97m
97 Hi
m in d s C entral..............
1501a 1501a
>*
Lake Shore ....................
501a
<
50N
Louisville & N ashville..
<
a
£
71%
7119
M exican Central 4 s .......
12
1*2
do. Kan. A Tex. c o m ....
98*9
S. Y, Central A Hudson
9319
o
o
14%
14%
N. Y. Oar. A W estern...
6
Norfolk A Weat’ a, p ref.
5=8
12
n%
Northern Paoiflo, p ref..
55
•
5479
P enn sylvania.................
5%
5%
Phil. A Read., per share
9%
9*4
Southern R y,, coni . . . . .
30
30
do
p r e f d .......... ..
9
8*4
Omon
o ... . . . . . . . . .
18%
18%
Wabswb, p r e f ............

Thurs.

Fn.

31316
1107,6
110*9
01*22%
15%
56%
16%
77
48
15
39

313ie
110%
11013,8
101*25
l 5 7a
57
36%
76=3
47%
14%
39%

97%
150%
50%
71*4
11 *h
98%
14%
6
11%
54%
5%
9
30
8%
18%

97%
150%
50%
71%
11%
98%
14%
6%
11=8
54%
5%
9%
29%
8=8
18%

©onxmerctai and miscellaneous J^enrs
F o r e ig n - T r a d e o f N e w Y o r k — M o n t h l y S t a t e m e n t . — I n

addition to the preceding tables, made up from weekly
returns, we give the follow in g figures for the fu ll months,
also issued by ou r New Y ork Custom House. The first state*
m eat covers’ the total imports and exports o f merchandise
and the Customs receipts for the nine m onths o f the last
tw o seasons.
M e k c i i an'DIHk

MONTH-

at

Import*.
1m &m,

t

July— ....
Angus!----- September..
CMMMr-.-.i
timmxhm..
Dmw&bur. .
January....
Feforaar?...
Maroh........

Mo v e m e n t

New Y o r k .
at

M
*jTp®rt$.

| im im .

1001-95. | was-ns. | 1894-&5.

1

t
$
*
i
4.2^79,1125 25,613,460 M.3 -w, 41' 1
9i£89MMM
m jm M i
41,087,8*2 SS.4S5.01S} 24.573,660 90,397.471
$1,775,858 rj.tm .tm
m&s^mSt
w.T& jm 27,836.023
W j m M l;
45,018*471* 81,104.281 28,010,140)
33.S0I.74S 2!8,88»,78r*
44,7dMIS>;
10,981/f l
tip n jm
msM&jm
27301,467

Total..

Hew Yoait.

*
j
I0,O84.765|
10,299.618*
9,750,892
0,299,378
7.703.431
8,810.902
10,42*4,675
10,077.443
9 jm fiu

*
0.175,570
8,728,355
0,092,660
8,229,310
6,700,717
7,433,103
12.818,091
9.342,283
9.705.203

669

The imports of dry goods for one week later will be found
n our report of the dry goods trade.
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for th e
week ending April 7 and from January 1 to date :
EXPORTS FROM NEW YORK FOR THE W EEK,

1893.

1894.

For the w eek ..
Prev. reported.

$6,468,848
77,431,951

Total 13 weeks

$83,900,799

j

$6,181,940
87,912,081!
$94,094,021

1895,

1896.

$7,332,345
80,802,938

$6,721,132
92,148,304

$88,135,283

$98,869,436

The following table shows the exports and imports of specie
at che port of New York for the week ending April 4 and
since January 1, 1898, and for the corresponding periods in
1895 and 1894:
EXPORTS AND IMPORTS OF SPECIE AT NEW YORK.

Imports.

E x p o r ts .

Week.

Since Ja n .1

Great B ritain..........
France........................
Germ any..... .............
West Indies..............
M exico.......................
South A m erica.........
AU other countries.

$9,650,816
820,250
4,370
121,374
2,180,400

*....

Total 1896
Total 1395.
Total 1891

553.652
500,627

Exports.

Silver

Week.

Great B ritain......... .
France.......................
Germany...................
West Indies..............
M exico.......................
Booth A m erioa..........
AU other countries.
Total 1896.
Total 1895.
Total 1894.

812,777,210
30,487,892
8.601,126

1.

Week.

S in c e Ja n.

$........

$11,126,639
2,164,868
182,265
3,367,626
167,804
315,177
27,591

2,060
2,334
8,629
706

813,729 $17,351,970
1,323,949 13,262,942
439,402
3,382,719
Imports.

Since Jan. 1.

$901,S00 $12,527,524
795,174
208,000
500
4,525
247,887
480

Week.

Since Jan. 1.
$6,557

96,528
485

168
29,924
15,032
90

45,050
289,906
338,947
11,431

$1,119,780, $13,672,123
431,210
7,629,662
626,6311 10,412,181

$45,214
47,300
45,192

$691,891
356,101
449,163

Of the above imports for the week in 1896 15,120
were American gold coin and 8128 American silver coin.
Of the exports during the same time, §500 were Amer
ican s ilv e r coin.

2m$dtM7 2iO.lo9.06T. 80.330118’ 78,982,000

The im ports and exports o f gold and silver for the nine
m onths have b e e n as f o l l o w s :
001*1) MilVlVIVT AT
MOWYM.

Bid.
NXW

Import*.

*

J o b ...........
AtutnM.....
October.....
Nevensfoer..

W
1,23*1,10*
m \W i
1,020,438
im .m

January...,
February..
March......

7,217,035
9,79!f4&C
280,107

Total... Sl.»*M.*S.

T ork .

Export*.

1m$~m.
t
I^SkMiap
z j m .m
M2,®m
me,sm
1,080,87*
107,161
798,10«
4,842,012
4,200,178

City Railroad Securities—Brokers’ Quotations,

1m>m .

irntm .

9

$

S'tLVEfl^-KlW TOUK.
Import*.

Exports.

1896*90

1805-&0,

2M0JS7B 11,964.691
10,25^6.760 4,841,831
18,479.609
72,000
E540.195 1,031,080
236,438
14.815,89r. 0,623,78:1
10,638,473 25,210,2Otj
1,099,180 1,353,412
384.046 3,100,592
19,114.282 78.17 -.sta 57,466,057

6
•234,971
160.102
208,75 i
82,^8
135/04
109,18m e* H
070,292
*33,191
3/03,01'

Con, 5b,

1931..A A O ^106

Hunt. 5t*. g., 1934..J&J

Block. 8t. A Fnl.F.—Stk.

20%
{1 0 8 %
21%
192
5105%
$107
$104
. .
$104%
|l04*a
113
198
112%

let mort.. 7a, 1800. JAJ
Brooklyn Rapid Transit.
*
B'aray &7th Ave,—Stock.
3,767,587
1st mort., 5s, 1904. J&D
3,935,352
2d mart., 5s, 1914.JAJ
B'way Ut,5a,guar,1924
0,321,538
2d 5s.lnt.as rent’ 1.1905
3,211,938
3.899.418 Brooklyn City—S to c k ....
4.203,914
Bklyn.Crosst'nSs.iBOS 105
*,300,833
B kl'n.Q 'nsC o.& anh.leti 98
4,363,358 Bklyn.C.&N’ w t'w n—Stkl 150
5a, 1939........................... ‘5110
4,209.810

85,276,7?^

B o n d s H e l d b y N a t i o n a l B a s k s . —The following interest
ing statement, furnished by the Comptroller of the Currency,
shows the amount o f each class of bonds held against national
bank circulation and to secure public moneys in national bank
depositaries on March 31,

B'klyn Trac., 2d ass'tpd.
P referred........................
Central Crosstown—Stk.
m ,W .,6 e ,1 9 2 2 ...M * N
Cen.Pk. N. & E. R tY .-S tk .
Consol. 7 ., 1 902...J& D
Coinm otm A 9th A ve. 5a.

110
85
30
109%

2134

195
107%
109
107
108
13 3%
1G9

ioo
190

n%

14
48%

13
45
192
5118
160

Bid.

Ask.

Allan. A v e ., B ’ k lrn —

110

I l l 1* 111%

Chrtet’p ’ r& lOth St.—Stk.
1st mort.,1898 ...A & O 106
D. D. E. B. A Bat’v - S t k . 100 170
1st, gold, 5s, 1932.J&D 112 114 Vi
S c r ip ............................... 5100 102
Eighth A venu e—S to c k .. . 830 345
Scrip, 0s. a.914............... 103
4 2d & Or. St. For.—Stock 309 322*"
62
42d St.<fc M an.djSt.N.Av.
1st m ort. 6e, 1910.M&S siYi" 116ia
69
66
2(1 roorU income Bs.J&J
L ex.A ve.& P av.F erry 5s. 111% 111*4
Metropolitan T ra ctio n ... 103% 104
Ninth A venu e—S to c k ... 158
Second A venue—S tock .. 165 1 7 ™
1st m ort.,5s,1909.M &N 107 110
Debenture 58,1909. J A J 103
195 20™
Sixth A venu e—S tock —
Third A venue—S tock1.-- 179 180
le t mort., 68,1937. J*fcJ 119 120%
Twenty-Third St.—St’k . 300
100 ioiT
Deb. 58, 1903.......
98 105
U nion B y—S to c k ..
lflt 6s, 1942.................. §102% 103%
'W estcheel’r, lst,gu.,6e. $103 103%

§ And accrued interest
x Ex-dividend.

Has Securities—Brokers Quotations,
V. S. Bonds Held M ar. 31 ,189 6, to S ec u re Oetertptton o f Bondt,

Public Deposits
In Banks.

Currency 6», Pac. KR.
5 per e csts, 1 8 9 4 ............
4 per otA ,fu n d ed 1907..
4 p ercen t*, 1 8 9 5 ... .....
2 per eta. funded 1891..

$480,000
2.525.000
12,015,000
1.135.000
1.083.000

T o t a l . .........................

$17,6ft 8,000

B ook
Circulation.
$10,606,000
12,601,850
149,599,200
27,711,000
22,446,C50

0A S COMPANIES.
Tolal Held.
$11,188,000
15,126,850
161,611,200
28,879,000
23,529,950

$122,998,0001 *210,660,000

I m p o r t s a n d E x p o r t s f o r rats W e e k . — T he fo llo w in g are
(h e im ports at N e w Y ork fo r (lie w eek e n d in g fo r d r y g o o d s
April. 3 and fo r the w eek en d in g fo r gen eral m erch a n d ise
A p ril <5; also total# sin ce th e b eg in n in g o f the first w eek
«n January,

Bid. Ask.

BraoMpi Gas-Light........ 150
100
Consumers’ (Jersey City). 80
Bonds...... ....... .............. 103
OiGsens’ (B rooklyn)...— 100
Jersey City & Hoboken.. 180
Metropolitan—Bonds. . . . . 106
Mutual (N. Y. ................. 228
Nassau (B rooklyn)...— 300
Scrip-.......... - ................ 100
N. f . & East Biv. 1st 5s.. 99%
Preferred ...................... 70
34
Comnion......... ...........
87
Consol. 5a-................
5 And aoorned Interest.

GAS COMPANIES.

Bid, Ask,

People’s (Brooklyn)......... 100
Peoples’ (Jersey C ity).... 170 itT
Metropolitan (Brooklyn). 230
ioT* Williamsburg................ — 300
1st 0s..... ........ -....... ....... 100
200
Fulton Municipal........
109*
Bonds, 0 8 --...-........— 105
Equitable...... .................. 205 209“
230
Bonds. 0s, 1899............ 105 106%
70
St. PatLi............................
100% Bonds, 5s................... — 84%
ill
107%
Standard
pref.——
—
—
*
74
76% 78
Common............... .
G as...— -......... 04
12 Western
fo
Bonds, 5s................. — * §87

I

* Ex rights.

—It ia sometimes difficult to dispose of registered certifi
cates of even the most active issues of railroad bonds, such as
Northern Pacific main issues or C h e sapeake & Ohio 5s, etc.
For Week. j ___1893,
1894.
1395.
j
1896.
Mr. F. J. Lisman of 10 Wall Street announces m another
Dry Goods...... . $3,570,621 $1,837,033
*2,524,361! $3,363,091 column that he makes a specialty of dealing in registered cer
0«*r/| tnerMije.
11,901,973
7,390,740
7,022,111
8,980,707 tificates of active railroad bonds, as well as all other inactive
railroad securities.
Total ........ . $15,475,594 $3,228,693
*9,546.472 $11,312,301
e tn a J an. I . \
—The news of Wall Street will be found in the New York
Dry Goods----- *40,566,1831 *25,122,963: *44.702,730 $40,197,365 News Bureau’s daily summary of financial and commercial
Gen’l rner’rtiw, 131,484,291; 97,348,713;
39.824,296; 90,183,039
news published every afternoon. See the advertisement m
Totaii 13 week* *193,050,474 $112,669.631 *131,327.020. *130,380,-104 another column.
FOBBIO* IMPORTS 4T NEW YORK.

THE CHRONICLE.

670

[Y ol .

l x ii.

llr o a d s m lln
F lfu r e a
R ro u g m F rom
P a s o »>9G. — Che oif-rin g 850 shares o f this com pany’s stock for sale. A ddi
statements below are prepared by us from the figures o f the tional particulars and prices of this and other investment
New Y ork Produce Exchange. We first give the receipts at issues will be sent on request at either their New Y ork or
W estern lake and river ports, arranged so as to present tbe Philadelphia office.
com parative m ovem ent for the week ending April 4, 1996,
— A ttention is directed to the cards o f the m unicipal
and sinoe August 1, for each o f the last three years:
___
houses published in the S t a t e a n d C i t y S u p p l e m e n t issued
w ith to-day's C h r o n i c l e . The list includes the follow in g
Oats.
Barley.
B y.
Receipts at— Flour.
Wheat.
Corn.
firm s:
Bbls.1901?)* Bush.QO lbs Rush.bd lbs Bush.32 lb* BushAS lb' Bu.60 lb .
18,210 Blair & Co.,
195,011
37,516
95.330 1,048,260 1,470,325
Chicago...... .
13,800 N. W . Harris & Co.,
03.850
103,000
91,110
40,809
112.855
Milwaukee..
13,520
35,443
23,100 Farson, Leach & Co.,
655,981
3,053
54,284
Duluth.......
2,318
622,940
10,389
93,510
Minneapolis.
K ountze Bros.,
600 Redm ond, K err & Co.,
807
0.9 0
2,000
70,700
- N ew Y ork,
22.140
20,399
39,729
2,8c 0
59,750
Detroit.......
S. R. Bertron,
806
32.219
13,630
15,152
Cleveland...
Edward C. Jones Co.,
29,389
39,750
212 175
2,100
204,675
78,100
St. Louis......
Augustus Floyd,
47,600
0,450
43,200
300,400
187,700
3.099
Peoria........
Daniel A . Moran & C o.,
2,000
11,474
2,500
Kansas City.
Kidder, Peabody & Co.,
403.301
Tot.wk.’90.
148,587 1,891,003 1,794,319 2 184,953
03,876
303,094
152.H22 1,367,943
733,288 1.243.752
47,773 Lee, H igginson & Co.,
Same wk,’95.
418,171
Same wk,’94.
263,723 3,020,554 2,923,155 2,417,136
81,533 Estabrook & Co.,
Biodget, Merritt & Co.,
Since Aug. 1.
- Boston,
1895-96 .... 8,044.299 167,069,334 89,004,014 105,678,326 33,071,837 3.109,630 R. L. Day & Co.,
1894-95 .... 8,608.295 123.405.789 57,873,581 04,531.323 29,372 842 2 076,761 E. H. G-ay & Co.,
1893-94 .... 9,057,554 127.953,973 119.375.U27 87,707,702 26,338,535 2,884,870 A. L. Sweetser & Co.,
The receipts of flour and grain at the seaboard ports for t i e Geo. A . Fernald & Co.,
Herbert B. Church & Co.,
week ended A pril 4, 1893, follow :
W illiam C. Simons, Springfield, Mass.
Wheat,
Corn,
Oats,
Barley
Flour.
R uf.
Receipts at—
bush.
bush.
hush.
hu*' .
bbls.
bush.
179.490
New York............
49,025
153,075
595,2 0
31,200 Rudolph K leybolte & Co., Cincinnati, Ohio.
50,539
101,046
4,300
Boston................... . 69.331 152.442
W hitaker & H odgm an, St. Louis, Mo.
Montreal............... .
Philadelphia......... .
Baltimore........ . .

3.543
46,436
55.237

New Orleans......... .

12,010

Total week. ... . 290,515
Week 1895........... . 340,401

10,020
2.147
9.624
10,394
3,150

2,230
12,200
469,861
15,109
564,232

40.153
70,374
54,035
7,600
42,800

830
34.200
5,089

.......

230.802 1.273.323
407,956
703.101

971,213
769,172

224,310
33,353

2,333

......
3 3.533
8,598

The total receipts at ports named in last table from Jan, 1
4c A pril 4 compare as follow s for fou r years:
1890.
3,157,284

1895.
4,163,534

1894.
5,005,390

1893
4.054,091

W h e a t..,,..... .bush. 3,608,548
*• 20.131,281
Corn................
M 10.854,820
Oats................
(I
Bartey.......... .
2,115,803
**
353,305
ye................. .

4,30 L,351
7,560 140
7,801,077
1,229,834
103,956

3,331,993
20,1^4,9)0
8,584.29 0
1,544,6 Ji
77,324

8,894.820
11,047,341
9.591,437
2,044.239
190,846

Total grain, . .... .. 37,121.762

21,627,414

33,783,221

32,393,083

Receipts of—
F lo u r............

The exports from the several seaboard ports for the week
ending A pril 4, 1896, are shown in the annexed statement:
W h eat,
E x p o rts fr o m —
bush.
New York.................. 410 534
B oston........................ 223,534
Portland......................................
Philadelphia.............
43,881
Baltimore...................................
New Orleans............
11,090
Norfolk ....................................
Newport New s........................
G alveston...................................

Total week......
Same time 1895.,

Corn,
bush.
47 .e33
18,' 73
25.657
03,042
595,2.49
838.716
80.000
133,000
85,714

. 792.039 1,930,137
. 1,150,3a3 730,249

F lou r,
Oats
R y e,
P eas
bbls.
bush.
bush.
bush
74.5L3
248,157
45,140
1,773
23,516
77,591
......................... ........
8,429
......................................................
10,825
............................................... ...
25,711
..................................
.............
923
...........................................................................
25,000
90,OX)
..................................
.......................... ................................................

174,420
287,693

405,748
7,319

45,146

1,776
17,448

The destination o f these exports fo r the w eek and since
Sept. 1 , 1895, is as below . W e add the totals for the corres
ponding periods o f last year for com parison:

-Flour.Wheat.------ —Corn.--------- .
Exports for
Week Since Sept. Week Since Sept. Week Since Sept.
week and since Apr. 4
1, 1895.
Apr. 4.
1. 1895.
Apr. 4. 1, 1895.
Sept. 1 to—
bbls.
bbls.
bush.
bush.
bush.
bush.
United Kingdom 114,817 5,179,957
495,407 18,791,099 582,123 34,100,884
Continent..........
7,005.612 1,292,368 2o,6O2,033
5,439
781,860 238,264
3 2,054
13,506
553
803,191
B. & C. America . 16,336
483.035
3,500
0,310
West Indies .. .. 24,9 L0
729,299
218,018
320,770
3,600
18,073
Brit. N. A. Coi’s.
1.604
Other countries.. 14,285
63,962
713,804
20,705
483,153
Total ..............
Total 1891-95___

792,039 28,531,121 1,920,137 61.3 8.535
174,420 7,830*290
287.698 7,919.024 1,150,39} 29.594.441
73J.248 13,005,47!

Tae visible supply o f grain, com prising the stocks in granary
at the principal points of accum ulation at lake and seaboard
ports, April 4,1896, was as follow s

Wheat,
in .tore at—
bush.
New York.................
Do
afloat.........
Albany..
1,092,000
Buffalo. .
afloat.......
65.000
Do
17.673.000
Chicago .
Do
afloat........, 1.043,000
Mil waukee................ 417.000
170.000
Do
afloat.......
Duluth ..
13.933.000
Do
afloat.......
512.000
626.000
Toledo...
Do
afloat.........
D etroit..
afloat.........
Do
Oswego..
St. Louis
afloat.........
Do
11,000
Cincinnati.................
Boston...................... 118,000
Toronto....................
34,000
Montreal..................
902,000
Philadelphia.............
121,000
Peoria......................
16,000
Indianapolis...... .
70,000
Kansas City............... 1,244,000
Baltimore.................. 104,000
Minneapolis...............19,309,000
On Mississippi River................
On Lakes..................................
On oanal and river................

Total Apr.
4.1896.60.322,000
Total Mar. 28,1890.01,048,000
Total Apr.
0. 1895.72,70i,000
Total Apr.
7, 1894.70.762,000
Tot.Ai Apr. 8.
77213 000

Oats
bush.
1,554,000

Rye,
bush.
21,000

452,00j

143.000

32.000
84.000
100,000
1.861.000
1.290.000
17.000
280.000
1.150.000

208,000

937.000

64,000

127.006

Corn,
bush.
198,000

8,0*66
85.000
0,468,000
6,317,000

’ 12,000
1,070,000
120,000
2,000

38.000
*73,000
94.000
81.000
24.000
178.000
729.000
64.000
340.000

315,000

3,000

’ *18.066

343,00J

0,000

70.0*66

’ 28,0*66

Shares.
SJiares.
37 Autom atic Eire Alarm &
980 King Bee Mining C o.$ l for lot.
Ext. Co., Lim., $ 2 5 eaoli
6 Nat’lU n ion B an kof N. Y .216
Bonds.
$20 per sh.
4,130 Richm ond Co. Land Co.
$2,000 R ichm ond Co. Land
$1 fo r lot.
Co , 6 s ............................fo r lot.
500 Osprey Consol. Mill. &
$5,0 0 L. Isl. C. & New. RR.
Mining C o ............... $1 for lot.
3d 6s, 19 L 3 ............... ............ 61 ^
101 N. Y M otor Co ___ $1 fo r lot. $3,000 Kings Co. E(. R y. Co.
8,180 Continent’! R y Co.$8 for lot.
2d 5 s ....... .............. . $ 105 fo r lot

By Messrs. Adrian H. Muller & Son:
Shares.
Germania Eire [ns. C o ..210
C enrralTrust C o .........10201a
Ch.Wis.& Minn. RR. p’f ’ d 5
Ch.Wis.<fe Minn. RR.,com. 1
V. J. sream boat Co . . . . 51
Manhattan Trust C o....... 141*4
Westiugh’se Elec. & Mfg.
Oo., p ref’d . ................... .106
50 W estingh se Elec. & Mfg.
Co.. “ As&euriug” ............ 58*4
25 Fourth N tt’l Bank. N. Y.182
20 Mf t’ rs’ Tr. Co. o f B’klyn.200
650 Union Typewriter, com .. 6*8
6 Arner. Teleg. & Cable Co. 91 ^
4 Mo. A Kan.Telephone Co.
of Kansas City, M o___ 30
1 Gr. South. Telephone &
Telegraph C o................... 32
5 Franklin Nat’l B’k, N. Y. 85
10 Great Easiern Casualty
& Indemnity C o......... . 85
150 Creadon & Clearfield Coal
& Coke C o ...................... 11

Shares.
10 A tlantic Trust C o ........... 177
100 Nat’ l But hers’ & D rov
ers’ B a n k ...................... 1391*
28 Nat. Butchers & D rovers’
B a n k ....... .........................142
4 Nat. Bk. o f C om m erce. 20214
3 Bauk of Am erica .. ..3 1 3
100 Terre HXute <fe Peoria RR.
Co., preferred ...5 0 c , per sh.
25 Great Eastern Cas. Ac In
dem nity Co of N. Y . . . . 85
50 Uniou Typew riter Co.,
1st pref’d . .. ................. 85
Bonds.
$4,000 42d St. Sc. Nichol. Ave.
Maub ittauv. RR. 1st 6s,
1910. M & $............... lL 6 L j& in t .
$1,000 LehU h Zinc & Ir. Co.
1st 6s. 1^99, J & D .............. . 95
$2,500 City of N. Y. 6s, 1902.
J& J................ ............ 11312 & int.
$7,000 State o f G eorgia 4^ 8,
Refund., 1915. J&J..11358 & int.

14
40
167
167
250
450
25

gauktug atrcl ffiuauctal.
BONDH OLDERS AND STO C K H O LD ERS SHOULD READ
R E G U L A R L Y TH E BOND RECO RD , a monthly Journal of Econom
ics and Finance, containing latest earnings, reorganisation news, dividends
quotations, besides all matter relating to physical characteristics, physical connitlon, traffic, and the operating details of all railroads and corporations,
analyzed with entire impartiality; also articles about the leading financial ques
tions of the day, written by the ablest specialists. Some o f the contents of
April number are: THE CURRENCY QUESTION, by Prof. F. W. Taussig, o
Harvard Univ.; Prof. Irving Fi-ber of Yale Univ.; M. L. Muhleman, U. S
Treasury Department, and others. RAILROADS—Pennsylvania Railroad, Phil
adelphia & Erie Railroad, Cleveland & Pittsburg Railroad, Missouri Pacific
Railway, and others. SUNDRY CORPORATIONS—Edison Electric Illum
inating Co. of N. Y., National Lead Co., Commercial Cable Co., and others.
For sale on all News-stands. §3 per year; 25 cents per copy.

Spencer Trask & C o .,

9,000

BANKERS,

20,001
30,000

81,000
100,000
397.000
12-},000
335.000
109.000
805.000
24,000

13,000
34,000

13.00 )

483,005

Barley
bush.
54 000
10,000

A u ction Sales.—A m ong other securities the follow in g n o fc
regularly dealt in at the Board, w ere recently sold at au ction :
By Messrs. R. V . Harnett & C o.:

ar

48.00 J
61.000

tc 2 9 P I N E S T R E E T ,
65 State Street, Albany,

I N V E S T M E IV,T

NEW

STORK.

S E C U R I T I E S .

0,066
87,000
118,000

S a m u e l

D .

D a v is

&

C o .,

BANKERS,

191,000

N O . 4 0 S T A L L S T ., N E W Y O R K ,

8,000

*12.00*6

16,980,000
10.530.000
12.890.000
17.497,000
14.915.)VI

9.020.000
8.526.000
5.315.000
2.654.000

1,523,000
1,4-8,090
245,000
399.000

4 3 7 >.000

^ 6 4 *09

1, U0,00
1,195,09
635,09
582,00

Samuel D. Davis .

Chas. B. V an N ostband
A lexander m . Wh it *, Jb

GEORG* BARCLAY MoPfAT.

8 9 5.00

—An interesting statement showing dividends and accum u
lated surplus, & c., of the Syracuse Binghamton & New Y ork
Railroad Co. (D. L, & W . system) is presented by Messrs. Red 3 0
mond, K err & Co. in their advertisement in to-day’s issue,

M

o f f a t

& W

h i t e

,

BANKERS
P IN E

STREJET,

-

-

N E W

INVESTMENT SECURITIES.

Y O R K

THE CHHONICLE.

A pril 11, 1896.]

prem ium ; New Orleans, bank, $150 premium; com m ercial
35c. per $1,000 discount ; Chicago, 60c. per $1,000 pre
m iu m ; St. Louis, 30@50c. per $1,000 premium.

J I xjC jB a u k c rs ' (g a ze tte.
DIVIDENDS.
Name o f Compan /.

P er
Cent.

When
Payable.

R a ilr o a d * .
Central KB- o f N. J. (g a sr.l.........
1*4 May
Apr.
Eel E ivuT, jruar. (se ra - aub,) .....
Long Island iq m r .)............... .
May
Toledo toOti o Cen*. pro/, (quar.)
1*4 Apr.
I 'i r . ' I n s u r a n c e .
North Kirer, ................... ..............
3
Apr.
r iia e e !la a e o a « .
N, Y .& Fa.Tetep.
refee.Cqasr.)
1*9 Apr.
* Annual rental i# now 3 per m a t or. th© g«jt

r

Books closed.
(Days inclusive.)

1 Apr. 16 to Apr. 19
6
1 Apr. 18 to May 1
25 Apr. 16 to A pr. 26
10 Apr.

3 to Apr.

W A L L S T R E E T . F R I D A Y . A P R . 1 0 . 1 8 0 6 —3 P , 31.

Differen'strom
Prm , week.

C ap ita l. . . . . ------- 61,122, 7oo:
....
...
Barplu*..............
72.883 300;
Loans * diae'Dls. *65.224. soo Itio. 224.500
14,254, 500 t o e .
C ireoia tlen ____
39.500
Net deposits....... 481,705, 700 Deo. 4) 9 .-0 0
8j eele.................. 89,231, SUO l o o . 310,700
L egal tend ers.. .J 7r,2U3, 300 Dec, l ,580.100
Reserve h e ld ..... 137,451. 1100 Deo 1, 249,400
_ 120,448, 923 Dec, 104,050

1895
Aprtl a.

U n ite d States B o n d s . —Sales o f Governm ent bonds a t the
Board in clu de$183,000 4s coup., 1035, at 116% to 1173^;$25,000
4s reg., 1935, at 117 ; $8,000 4s reg.. 1907, at 108% to 108%;
$1,000 4s coup., 1907, at 109%; $10,000 5s coup., at 113%, and
§3,000 5s reg. at 113%. Closing prices are as follow s :
(m erest April A pril A pril A pril A pril
Periods
4.
6
8.
9.

9

In —------ — to ---- ------ k.

The M oney M arket and F in an cial S itu a tion .— Parties who
are interested in the investm ent markets were inclined to take
a hopeful view o f the general situation at the opening o f the
week. Commission houses were m ore conspicuous as buyers
than they had been o f iate, and G overnm ent bonds and rail
road securities were firm at an advance from last week's quo
tations.
The adoption by the House o f Representatives o f the Senate’s
Cuban resolutions, by a larger m ajority than had been ex
pected, did not have a favorable effect upon the sentiment
referred to above. Rumors were current later in the. week
that the President would take early action upon the resolu
tions. This w as regarded as an additional reason for caution
on the part o f investors, and financial operations in Wall
Street have becom e very m uch restricted as the week draws
to a close.
The foreign exchange m arket has also been dull, but the
supply o f bills has not been sufficient to meet the demand,
and gold to the am ount o f -$1,300,000 has been exported to
Europe, the first shipm ent o f gold since January. There is
alm ost no interest in London at present in the market for
Am erican investments, and the fu tu re course* o f the foreign
exchange m arket and o f the movement o f gold is largely
a matter o f conjecture.
The open m arket rates for call loans during the week on
stock and bond collaterals have ranged from 3 to 4 per
cent. To-day's rates on ca ll were 3 to 4 per cent. Prime
oommerctal paper is quoted at 5% @ 6 per cent.
The Bank o f England w eekly statement on Thursday
showed a decrease in bullion o f £181,539, and the percent
age o f reserve to liabilities was 3!H ? against 53 24 last
week ; the discount rate remains unchanged at 2 per cent.
The Bank o f France shows a decrease o f 2,915,000 franc3 in
gold and 2,150,000 francs in silver.
The New Y ork City Clearing-House banks in their statement
of A pril 4 showed a decrease in the reserve held of $1,246,400
and a surplus over the required reserve o f $17,005,975, against
$18,147,435 the previous week.
S 180*5.
| A p ril 1.

671

1 1891
| A pril 7.

62.022,700 39,922,700
71,016.SOO 70.090.000
48",43 4,300 450.420.000
13.0S4.000 11,141,900
500.422.30ii 551,494,900
04,471,200 99.623.000
74,661,600 119,799,200
133,135,500 219,122,270
125,205,375 133,024,225

2s....................... re#4 3 ,1 9 0 7 ............rev
4s, 1 9 0 7 ... ....coup.
4s, 1925..............reg.
4s, 19 25.......... coup.
5s, 1904..............re*.
5s, 19 04...........coup.
6s, onr’oy,’ 9 7 .. .reg.
6s, our'ey,'9 8 . . . reg.
6s, o a r ’ey .’9 9 ...r e g .
4s, (Oher,)1896.reg.
4s, (Cber.)1897.reg.
4s, (Cber.)189S.reg,
4s. (C li«r.)1899.ree.

95 * 95 * 95 * 95 * 95 *■ 95
108% *108% *101% *103% *10834
109*3 *109*3 1 0 9 e *101*3 *109% *109*4
117 *118% *116% *116% *11 >% ll 17
n a y 116% 116% U6%| 117
11718
*113% *113% 11*% *113% *113% v113%
113% *113% -113*3 113% *113% *11319
10 D* *102% *102*3 *102% *102*3 * 1 0 2 %
105% *105 j*105 1*105 |*105
105
*107*3 *107*3 *107*2
'107*2 *10
*10**3
7*3 *107
’ 107% *1072®
100 *100
100 1*100 '100
100
ioo *100 j 100 *100 ■100
100
100 *100
100 1*100 '100
100
ton *107
too *100 TOO
100
* This is th.© price bid at tide m orning board, no sate was made.

ios%

,

U n ite d States S u b -T re a s u r y .— The follow ing table show s
receipts and payments at the Sub-Treasury,
Date.
Apr. 4

6

“
7
“
S
“
9
** 10
Total

fibceipis.
$
1,731.306
4,-4 <.43"
2.271,536
4,*08,62-1
2,918. '95
2,007.523

Payments.

Balances.
Ooin.

$
$
1,997.162 127.941,854
3.538," 12 127.MH is097
2 ,7 '- ,7 4 127.89 V 79
-1,197,176 128,103,147
3,3 8,142 128,064,823
3.177,7 26 127,80i,99rf

17,870,721! 18.997.296l ...................

Ooin Vert’s.

ft

3.147,667
2,9,0,819
3.1*7 091
3,388,5 -7
3,2 22,3 21
3,265,077

Currency,
$
90,766,132
91,5 L*,5 31
9o,8 5.0 66
90, <73,5 3
90,287,994
89,867,862

.m
m
m
rnm-...at ......

Coins,—Follow ing are current quotations in gold for coins :
Sovereigns........... $4 88
N apoleons........... 3 86
X X Selehmarks. 4 70
26 Pesetas............ 4 76
Span, Doubloons. 15 55
M e n D oubloons.15 50
Fine gold b a rs .. . par

@ $4 92
@ 3 92
® 4 80
® 4 82
® 15 75
@ 15 75
@ % prem.

Fine silver b a rs... — 68*4® — 69%
Five fran cs........... — 90 @ — 95
Mexioau dollars.. — 54*a@ — 55*2
Do unoom’m a l ..-------- @ — —
Peruvian sols.......— 48*4® — 19 *«
English silver . . . 4 80 @ 4 * 0
U. S. trade dollars — 65 @ — 75

State a n d R a ilr o a d B o n d s. —State bonds have been very
dull. Sales at the Board include $13,000 Tenn. settlement 3s
at 85% to 87; $1,000 No. Carolina 4s at 105 and $1,000 A la
bama currency fu nding 4s at 100%.
A ctiv ity in the railway bond market has gradually de
creased during the week and prices have been irregular.
The Northern Pacific issues have been by far the most active
and have remained strong. Chicago & No. Pacific 1st rects.
advanced early in the week and close w ith a net gain o f 1 point.
The Atchison bonds are perhaps second in point o f activity,
but have declined from one to nearly three per cent. This
decline may be due in part to the very dull condition o f the
market which prevails at a time when the new securities are
being delivered. The active list includes also Ches, & Ohio,
Chic. & Erie, Ore. Short Line, Reading, Southern R y., Texas
& Pacific, W isconsin Central, Union Pacific, Wabash and
W est Shore bonds.

R a ilr o a d and M iscellan eou s Stocks.— The market for
stocks was strong at the opening o f the week on some com 
mission house buying and the small am ount o f stocks being
offered. The sensitiveness o f the market was demonstrated,
however, by the effect o f Congressional action on the Cuban
resolutions. This was considered a bear factor and was fol
BOrpiBs reserve1 1.
5,975 D c o .l,141,4501 13,929.925 80.797,975
low ed by a grow in g dulness and heaviness am ounting almost
F oreign Exchange.—The foreign exchange market has to stagnation on Thursday. The result ha3 been a decline o f
been firm, and rates have advanced to a poin t where gold the railroad list averaging from 1 to 2 per cent. These con 
exports can be made at a profit. The demand, however, is ditions were augmented by rumors that the President is
lim ited and the market is a shade easier at the close. Gold preparing a memorandum on the Cuban question. News
affecting any particular stocks has been very meagre.
shipments for the week am ount to $1,-300,000,
T o d a y 's actual rates o f exchange w ere as follow s: Bankers Almost the only exceptions to the general decline are Union
sixty days'sterling, 4 87% @4 88; demand, 488%!@4 89; cables, Pacific, w hich was strong on the prospect that Congress w ill
provide for the refunding o f the Government indebtedness
4 89 04 89 if,
Posted rates o f leading bankers are as follow s:
___ o f the Union Pacific system and Manhattan Elevated, w hich
sold to-day at i l 1%, a gain o f nearly 4 points.
A pril 10,
S ilty Days.
Demand.
Tire industrial list has been irregular. The iron and steel
Prime bankers' stertlny W ilson London,, I 88*8*4 89 4 89**@4 90
stocks have been strong on the better trade conditions.
Prime commerotal ..................................... I* 87*4'** 87**!
............
Illinois Steel sold at 71 on Monday, against 62 last week,
rarainw iijM f iw iu m i uId l . ....................... : ■ »< 87 l
............
Parts hankers' (francs)............................... '5 16*%.-5 167# 5 1 * l* i« a 5 15
Term. Coai, Iron & Ry. at 33 against 27%, and Col. Fuel &
Amsterdam (guilders) bankers............... .1 4 0 V * KW,j , 40*j*»10*8
FranW ortor Bremen <r«iehtnHrts)b’kefai 95»e*95** I 9 5 % »9 5 %
Iron gained over 3 points. Am erican Tobacco has fluctuated
The follow in g were the rates o f dom estic exchange on New between 90 and 81%, chiefly on manipulation. Am erican
Y ork at tiie under-mentioned cities to-day: Savannah, buying Sugar has m oved w ithin a range o f 3 points. Other active
I - 10 discount, selling par : Charleston, bu ying par, selling % industrials have been relatively steady.

672

THE CHRONICLE.

[V ol. LXII.

NEW YORK STOCK E X C H A N G E -A C T /rfi S T O O K S f o r week ending A P R I L 10, a n d since J A N . 1 , 1 8 9 0 .
HIGHEST AND LOWEST PRICES.
Saturday,
Apr. 4.
1618
16%
255s 255s
%
%
18*8 187g
'205s 2 1
*54
55%
49
49
104 104
*14=8 15%
16% 16%
157 157
77=8 78*8
*4134 42%
*96 100
75% 76%
125% 125%
103% 103%
*145% 146%
71% 72%
*38
39%
*122 125
36% 36%
*8 6
89
*15% 16%
*50
60
*126% 127%
161% 161%
*1 2 % 13%
47% 47%
*......... 15
38
38
*24
25
*30
31
*108 113
*94% 96%
9%
9%
*37
37%
17% 18%
69% 69%
*145% 147
*81
84
50% 50%
9
9
2 0 %
2 0 %
108 109%
1 0 2 % 103%

*19%
79%
51
* 11 %
27
24%

*22
*68

*40

96

*13
*75
32
*177
14%
8 %
21%

1%

5%
1 %
11 %
*20
3%
11%
*16
*56

Monday,
Apr. 6.

Tuesday, (Wednesday, Thursday,
Apr. 7. j Apr. 8.
Apr. 9.

16

15%

16%

%
%
18% 19
20%

20%

55%
49
104
*14%
16%
156%
77%
41
99%
75%
125%
103%
146
71%
39%

56
49%
106
15%
1 .%
156%
79%
41%
99%
76%
125%'
104%
146%
72%
39%

122

122

36
36
89
15% 15%
*50
60
127 127
1159% 161%
*12% 14
47% 48%
1434 15
38% 38%
*24
25
*30
31
*86

1 1 0

1 1 0

8%

•30
*70
8

*3%
6 %
18
9%
35%
*2%

15%

*%
%
18% 18%
21
21
55% 55%
49% 49%
T05 106
*15
15%
16% 16%
'156 157
78% 78%
*40% 42%
99
99
75% 75%
12534 125%
103 % 103%
146% 146%
71% 71%
38% 38%
'121 123
36
36
8 6
89
15% 15%
*50
60
126% 1264
159% 159%
*12% 13%
47% 47%
15
15
.
_m 3 9
22 % 22 %
*30
31
'110 115
*94
96
9%
9%
37% 37%
*18
19
70% 70%
146% 148
*81
84
48% 49%
*8 %
9
20% 20%
108% 1 1 0
T03 104%
*93
94
*19% 20%
*79% 80%
*52
53
* 11 % 12
26% 27%
24% 24%
*22
24
'6 8
85
*40
45
96% 96%
*13
14
78
78
31% 32%
'177 180
14% 14%
*8
8 %
22% 22%
%
5%
5:
1 %
1
11 % 12
*19
24
3%
3%

*%
18%
*2 0 %
55%
*48%
105
*16
16%
'156
77%
*40%

95% 96
9%
9%
*37-. 3734
18% 18%
*69% 71
147 147%
80% 80%
49% 51%
834
834
*20
21
10834 110%
103 103
93
93%
*19% 20%
20
79%
79%
79%
*51
52%
51
12
*1 1 % 1 2
27
27%
27%
24
25
24%
*22% 24
23
*68
85
85
45
96% 96%
96
13% 13%
14
•75
79
80
31
32%
32
177 180
179
14% 14%
14%
8 %
*8
8 %
2234 2 2 %
23
%
1 %
1%
5%
5%
5%
1 %
1 %
1 %
11% 12%
11 %
*19
24
24
3%
3%
3%
11% 10% 11% * 10 %
*16
18
17% *16
*56
*56
57
57
16
16

•114% 115%
60%
60%
60
4%
4%
5%
11 % *10% 1 1 %
28
*24
28
91
*87
91
*109 113
1 1 0
1 1 0
19% 19%
19% 19%
9%
9%
9
9%
29% 29% 29% 29%
60%
*4%
*11
*26
*87

16%

10 %

18
57
16

i

55%
49%
106
16%
16%
159
78%
42%
100

71
*38%
121
34%
87%
16%
*50
126%
159%
1 2 %
47%
14%
38
2 2 %
*30
*110
*94
9
36%
*17%
71
148
*81
49%
*8 %

9
2 0

2 0

109
103%
93%
*19
*79%
*52
*1 1 %
26%
23%
2 2 %
*68

*40
96%
14
*75
32%
175
14%
*8
2 2

%
%
5%

1
1 1

72
39%
123
36
89
16%
60
127%
160
1 2 %
47%
14%
38
2 2 %
31
115
96
9
36%
19
71%
148
84
50%

%

*19
3%
11

*16
*56

110
104%
93%
2 0

81
52%
12

27%
25
2 2 %
85
45
96%
14
79
34
180
14%
8 %
2 2 %
%

5%

%
%
24
3%
1
1 1

11

17
57
13%

114 115% 114 115%
*60
61
*60
61
*4%
*4% 5%
5%
11

*24
*87

11

28
91
114%
19%
9%
30
8 %
37

'11 0

15
15%
*15
15
*14% 15%
62% *61
61
63
*62% 63%
117% 118% 118% 119% 118% 119%
100
101
100% 100% 101 101
87% 89
8 8
90
83% 83%
100 % 100 %
100% 102% 1 0 1 101
67% 6 8 % 67% 6 8 %
67% 67%
152% 15234 151 153
*151 153
18%
17% 18
18
18
18%
37% 37%
37% 37%
36% 37%
70
70% 71
70
6 8
69%
24% ‘ 23% 24%
24
24% 24%
87% 87% *8 6 % 87%
8 6 %
87
5%
5%
5%
5%
*5%
5%
26% 26%
26% 27
26% 27
*120
*125%
*127 . . . .
155% 155% 155 157
158 158
*6 8 % 6 8 % *6 8 % 6 8 % *6 8 % 6 8 %
30% 31%
30% 32
29
30%
4%
4%
9%
9%
8 %
9
60% 61%
26
26
83% 84%

%
18%
21

"75% 76%
125% 125%
103% 104

11

11

*24
*87

28
91

112
19%
19%
9%
9
29%
29%
*7%
8
8
8%
7%
*30
37
*30
37
*30
*70
75
75
75
*70
8 %
9%
8 %
8
8 %
8 %
3%
3%
3%
3%
3%
3%
*6 %
7
7%
6 %
6 %
6 %
18%
18
18
18%
18% 17%
9%
9%
9%
9%
9%
9%
36% 36%
35% 34% 35%
36%
2 %
2 %
3%
*2 %
3%

4%
5
*9% 10%
9
9
61% 62
27% 27%
84% 84%

16%

*4%
*9%
9
60%
27
83%

5
10
9
61%
27
83%

112

19%
9%
29%
7%
37
9
3%
6 %
18
9%
36%

*14%
61
117%
100%
81%
*99
67%
T52

15%
61
119%
100%
84%
101
6 8 %
153
18
17%
37% 38%
70
70
24% 24%
8 8 %
8 8 %
5%
5%
25% 26%
121
157% 157%
*68
6 8 %
30% 31%
4%
4%
9%
9%
*8 %
9%
60% 61
2634 27%
83% 83%

These are bid and asked; no sale made.

Friday,
Apr. 10.

STOCKS.

Sales of,
the
Week,
Shares.

Range for year 1896.
Lowest.

Highest.

A c t iv e K R . S t o c k s .
15% 15%'At.Top. & s.Fe, aUinstal. paid 9,261 12% Jan. 7 17% Feh. 24
571 19% Jan. 7 28^ Feb. 24
Do. pref., when issued..
23% 23%'
*%
400
% Atlantic & P acific..................
3« Jan. 7
% Feb. 6
*%
%
2,605 13 Mar. 6 44 J an. 27
18% 18% 18% Baltimore & Ohio...................
18
854 20% Mar. 25 24% Feb. 26
21
21% Brooklyn Rapid Transit........
*2 0 % 2 1
700, 52 Jan. 4 59% Feb. 11
*55% 56% Canadian Pacillc...................
56
*55
656 45*2 Jan. 7 5 1 % Feb. 10
49%'Canada Southern....................
49% 49% 49
15 943^ Jan. 7 109 Feb. 5
104 105% *105 106 Central of New Jersey............
4 14U Jan. 9 15% Feb. 15
15 (Central Paoifio........................
*15% 16% 15
1,304 13 J an. 7 18% Feb. 10
16
16 jChesapeake .v. Ohio................
16
16
75 155 Apr. 2 155 Apr. 2
156 159 *156 159 Chicago & A lton.....................
78% 77% 78%'Chieago Burlington & Quincy 56,827 71% Jan. 7 81% Feb. 10
77
200 41 Apr. 6 43 Jan. 18
*40% 42% * *40% 41%'Chicago & Eastern Illinois...
137 98 Jan. 23 lOO^ Mar. 5
100 |
Do
pref.
98
96
74% 75% “74% 75% Chicago Milwaukee & St. Paul 48,030 63 ^ Jan. 7 79% Feb. 24
1,062 125 Jan. 7 130% Mar. 2
Do
pref.
125% 125% *125% 126 I
4,867 94% Jan. 7 105% Feb. 11
102% 103% 102 % 103 Chicago & N orthwestern.......
555 142 Jan. 8 147 Mar. 6
Do
pref.
*145 ........ I
145%
22,612
62 Jan. 7 74% Feb. 24
71
[Chioago
Rock
Island*
Paoifio
70%
71%
70
1,000 31 ^ Jan. 7 42*3 Feb. 24
38% Chicago St. PaulMinn. &Om.
38% *37
38
108
Jan. 7 124% Feb. 25
117
*121
123
I
Do
pref.
121 123
2,760 31 Jan. 7 39% Feb. 10
34% 34% 34% 34% Cleve. Cincin. Chic. & St. L...
119
1 90% Feb. 20
Apr.
........
Do
pref.
87
87
87
450 15 Jan. 7 18% Jan. 23
16% Columbus Hocking Val. &Tol
*16
16
16
*50
60
Do
pref.
60
*50
512 119% Jan. 7(129% Feb. 11
126% 127% 127 127 Delaware A Hudson...............
760 155% Jan. 7 164% Jan. 31
159% 160% DelawareLackawauna&West
159% 160
100 12% Mar. 31 14 Feb. 4
13 Denver & Rio Grande...........
*12
13
*12
51 Feb. 24
1,218 40 Jan.
Do
pref.
*46% 47% 46% 46%
730 14 Mar.
15% Mar. 12
14% 14% *14% 15 E rie ..........................................
41%
600
Mar. 17
37 Mar.
Do
1st pref.
37% 37%
38
38
134 22% Mar.
25 Mar. 16
22
Do
2d pref.
22
2 2
2 2
34% Feb. 24
25 Jan.
31 Evansville & Terre Haute.
*30
31
*30
100 108% Mar. 13,111% Feb. 14
110 115 Great Northern, pref..........
110 115
260 89% Jan. 8 98 Jan. 31
95% 95% 95% 95% Illinois Central...................
1 0 % Feb. 7
334
7% Jan.
8% Iowa Central..... .................
8 %
9%
"9
37% Mar. 31
381 25 Jan.
Do
pref.
37% 37%
3734 37%
22% Feb. 5
270
17%
Mar.
18%
Lake
Erie
&
Western............
*17%
19
*17%
495 64% Jan.
75 Feb. 7
71
Do
pref
71
70
70
150
901
Feb. 25
147%
Lake
Shore
&
Mich.
Southern134%
Jan.
'147
147 147%
84 Jan. 7
50 81 Mar.
84 Long Island.................
*81
84
*81
Feb.
24
40,765
49
%
Louisville
A
Nashville.
39%
Jan.
49%
55%
48% 49%
1 0 % Feb. 18
200
7% Jan.
9 Louisv. New Albany & Chic..
*8 %
9
*8 %
2434
Feb.
13
450
16%
J
an.
20
Do
pref.
2
0
2 1
*20
113% Feb. 11
108% 109% 109 111% Manhattan Elevated,consol.. 25,602 96% Jan.
Feb.
6
108
410
92
Jan.
104
Metropolitan
Traction.........
103
103% 103%
97% Feb. 11
350 93 Mar.
*92% 93% *92% 93 % Michigan Central...................
2
1
3
4
Feb.
21
17
Jan.
19
Minneapolis
&
St.
Louis........
*18%
2 0
*19
83 Feb. 21
46 72 Jan.
80%
Do
1st pref
*79% 81% *79
53 Feb. 26
125 40 Jan.
Do
2d pref.
52% 50% 50%
*51
13% Feb. 21
10% Jan.
1 1 % Missouri Kansas & Texas___
*11
*1 1 %
31% Feb. 25
2,125
22
Jan.
Do
pref
26% 26% 26% 26%
26% Jan. 2
9,490 20% Feb.
24% 2434 24% 24% Missouri Pacific......................
Jan. 11
25
300
21 Jan.
*2 2 % 24 Mobile & Ohio.........................
24
*22
85 Nashv.Chattanooga&St.Louis
*68
85
*68
Jan. 28
51%
25
43 Mar.
........ New England..........................
40% 40%
99% Feb. 10
938 93% Jan.
96% 96% 96% 97 New York Central & Hudson
Jan.
22
15
500 11 Jan.
14% New York Chicago & St. Louis
14% 14% 14
80 Jan. 22
100 71% Jan.
79
Do
1st pref.
75
79
*75
Apr.
9
35
3,755 26 Jan.
34
Do
2d pref.
34
33% 35
186 Feb. 10
175 Jan.
*176 179 *175 178 NewYorkNewHaven&Hart.
15% Jan. 31
817 12% Jan.
14% 14% 14% 14% New York Ontario & Western.
540
7% Mar.
11 % Jan. 31
8% New York Susq. & West., new.
*8
8 %
8
31% Feb. 6
1,680 21% Jan.
23
Do
pref.
2 2 % *2 2 %
2 2 %
3 Feb. 21
%
Apr.
2,155
%
Norfolk
&
Western
%
%
%
1,482
9% Feb. 5
5% Apr.
5%
Do
pref.
5%
5% 5%
5 Jan. 30
1
Apr.
11,733
1%
Northern
Pacific.....................
1 %
1 %
1 %
17% Mar. 9
3,739 10% Jan.
11%
Do
pref.
1 1 %
1 1 %
1 1 %
Jan. 27
16
10
Feb.
24
Oregon
R’y
&
Navigation
Co.
*19
24
19
8 % Feb. 24
3% Mar.
1,310
3% Oregon Sh. Line 4: Utah North.
3%
3%
3%
Jan.
31
15%
2,575
+2%
Jan.
10%
Phila.&
Reading
lstinst.
pd.
*1 0 %
1 0 %
1 0 %
18% Feb. 7
14% Jan.
17 Pittsburg Cinn. Chic. & St. L.
*15
17
16
Feb.
27
59
52
Jan.
'Too
55%
Do
pref.
55%
57
'56
20 % Jan. 31
17 Jan.
15 Pittsburg & Western, pref__
15
18% Feb. 10
16 Feb.
........ Rio Grande Western.................
118 Jan. 3
30 114 Mar.
■114 115% 115% 115% Rome Watertown & Ogdensb.
60% Jan. 3
600 57 J an.
61 St. Louis Alt. & Terre Haute.
60% 60% *58
5% Feb. 7
4 Jan.
100
*4% 5% *4% 5% St. Louis Southwestern
13 Feb. 26
9
Jan.
720
10%
Do
pref.
1 0 %
* 10 % 11 %
27% Feb. 24
25 Mar.
28 St. Paul & Duluth
*24
*24
28
91 Feb. 10
90 Feb.
91
Do
pref.
*87
*87
91
115 Jan. 11
110 110 Jan.
'111 114 *111 114 St. Paul Minn. & Manitoba...
22% Jan. 14
2,000 18% Mar.
19% Southern Paoifio Co...............
19% 19% 19
11 Feb. 6
7% J an.
3,764
9% Southern,voting trust, eertif
8 %
9
9
33% Feb. 25
6,317 23% Jan.
29% 29% 29% 29% Do pref., voting trust, cert.
9% Feb. 25
7%
Jan.
480
8%
Texas
&
Pacific..........
.
*
8
8 %
8 %
3 7 Toledo & Ohio Central
*30
*30
37
100
........
Do
pref.
*72
*70 .....
9% Apr. 7
3% Jan.
8% Union Pacific trust receipts.. 47,980
8 %
8 %
8 %
5% Feb. 13
3% Jan.
1,050
4 Union Pacific Denver & Gulf.
4
*3% . 3%
7% Feb. 24
6% Jan.
1,010
7 Wabash................ . . .................
7
6 %
6 %
19%
Feb. 24
14%
Jan.
4,673
18
%
Do
pref,
17% 17% 17%
13% Feb. 14
8% Mar.
2,763
9% 9% Wheeling & Lake Erie............
9% 9%
40%
Feb. 13
31%
Mar.
489
38%
Do
pref.
*32
*32
36
4% Feb. 24
2% Apr.
400
2% Wiso. Cen. Co., voting tr. ctfs.
2 %
2 %
2^4
M is e e lla n e o u s S tock s,
19 Jau. 27
620 13 Mar.
14% 14% *14% 15 American Cotton Oil Co......
69 Feb. 11
788 57 Mar.
60
Do
pref.
59% 59 %! 60
119% Apr. 8
116% 118% 117% 119 American Sugar Refining Co 133,997 97 Jan.
102%
Feb. 26
95
Jan.
2,079
101
Do
pref.
101 % 101% 10 0%
95 Apr. 2
163,824 71% Mar.
83% 84%i 82% 84% American Tobacco Co
Feb. 13
103
100
Mar.
630
_
pref.
99% 99% I Do
100 100 %
70 Feb. 25
68% Chicago Gas Co., certs, of dep. 27,650 62 Jau.
67% 6 8 % 6 8
Feb.
10
161%
143
Jan.
482
1
5
2
%
Consolidated
Gas
Company..
152% 152% 152%
19% Feb. 10
7,855 14% Jan.
17% 1 7 %lDis.&C.F.Co.,tr.cts.aUlns.pd.
17% 17%
Mar.
13
39%
22
Jan.
33,669
38%'General
Electric
Co................
37% 38% 37%
71 Apr. 6
1,550 60 % Mar.
68%:Illinois Steel C o .....................
69% 69%
6 8 %
Feb.
10
28%
22%
Mar.
726
24%'Natlonal Lead Co...................
*24
*24
25
89% Feb. 14
314 82% Jan.
88%i
Do
pref.
*87
8 8 %
*87
6% Feb. 24
4 Jan.
662
5%(Nortli American Co................
5%
5%
5%
31 Feb. 10
2,942 22% Jan.
26% 26%iPaeific Mail.............................
26%
26
Pipe Line Certificates.............
'119
'120
164 Feb. 11
235 148 J an.
157 157 Pullman Palace Oar Company
155 157
70 Feb. 24
67% Jan.
*6 8 % 6 8 % *6 8 % 69 Silver Bullion Certificates__
34% Feb. 10
23
Jan.
46’
805
Tennessee
Coal
Don
&
R
R
...
31
30%
30%
29%
Do
pref.
6% Feb. 7
520 4% Mar.
4% 4%, U.S.Cord.Co.,tr.rec.aIl ins.pd.
*4% 5
12% Feb. 7
1,450
8% Mar.
_
Pref., tr. reo. all ins. pd.
9%
‘9
*9% 10
11%
Feb. 8
8%
Apr.
1,890
9%
United
States
Leather
Co......
9%
9
9%
69% Feb. 14
8.475 56% Jan.
Do
pref.
61
61% 61% 61%
29
Jan.
13
2,463
22%
Mar.
27
United
States
Rubber
Co.......
2534 26%
26%
87% Feb. 1
5.475 81% Jan.
83% 83% 83% 83% Western Union Telegraph—
15% 15%
23% 23%

Lowest is ex-dividend.

; Ex rights.

i Before payment of any instalment

THE CHRONICLE.1

A pril 11, 1896.

"673

NKVY YOftlt STOCII ESCBA-NtfE PRICES fCm riaaed )— I N A C T I V E STOCKS.
April 10. |Range i tales) in 1896.

IWACnVB STOCKS
f Indicates unlisted.

Bid.

Ask.

Lowest

^ I n d ic a t e s a ctu a l s a les J

April 10.

Inactive stocks.
11Indicates unlisted.

1 Highest.

Bid.

!Tliseellaneons Stocks.
Adams Express........................ 100
American Bank Note Co II............
American Express................... 100
Am. Spirit Mfg. Co. (when issued)!!
Preferred (when issued)1T..........
Amer. Telegraph & Cable........100
Bay State Gas f t ...................... 50
Brunswick Company................100
Chic. Juno. Ry. A 8tock Yards. 100
Colorado Coal & Iron Devel... 100
Colorado Fuel A Iron.............. 100
Preferred.............................. 100
Columbus A Hocking Coal...... 100
Commercial Cable....................100
Consol. Coal of Maryland........100
Detroit Gas.............................. 50
Edison Elec. 111. of N. Y.......... 100
Edison Elec. 111. of Brooklyn.. 100
Erie Telegraph A Telephone ..100
Interior Conduit A Ins.............100
Laclede Gas..............................100
Preferred............................... 100
Maryland Coal, pref................. 100
Michigan-Peninsular Car Co.. .100
Preferred............................... 100
Minnesota Iron........................ 100
National Linseed Oil Co...........100
National Starch Mfg. Co.......... 100
New Central Coal......................100

R a ilr o a d S to c k s.

Range (sales) in 1896.

Ask.

.100 175
175 Mar.
148 150
9 Jan. l Ik Feb.
9
lo k
40
42
24
Jan.
.100
J25%
29% Feb.
111 113
Preferred......
7 Feb.
Balt. A O. 8. W. pref.. new. .100
.100
.100 102 104
+94
In
.100 13
19
23
10 Jan. 15 Feb.
18
.100
k
78
.100
55
Preferred..
70 Mar. 70 Mar.
.100 70
2
2k
41% Jan. 53 Jan.
.100 150% 51
;29
161% Mar.
. 50 160
96
5 % J an.
7
8 Feb.
2k 3k
i\
53
45
160 163
Preferred.
4% Jan.
6 Jan.
100
30
32
5*
11% Jan. 14% Feb.
8k 12
46 Jan. 50 Feb.
55
..50 45
98
99
13
ISk 13 Feb. 16 Feb.
37 Mar. 43 Feb.
40
.100 37
J58k 58%
Preferred.
.100
J2639
27% 25 Jan. 25 Jan.
.100
8 Jan.
82
8
9 Apr.
84
.100
2
Jan.
4
3
k
Mar.
40
60
2k
13% 15k 15 Mar. 18 Feb.
%
__
.100
.100
9% 10% 9 Jan. 12 Feb.
68
69 k
1 Jan.
2
2% Feb.
.100
1
13
20
160 Apr. 166% Feb.
5
9
. 50
dorris St Essex......
6
.100
8
Sew Jersey A N. Y.
.100
14
Preferred......... .
115k Jan.
4
1
.100
Oregon Improv’t Co. tr. reots..lOO
51 Y. Lack. A Wests
70
60
325
Norfolk A Southern.
. ■**•'.
A
2
15
lk
Ohio Southern.......
.1UO
2k Jan.
15
3k Feb.
2k 3
3 Jan.
5% Feb.
9
D
Peoria A Eastern.
182 Feb. 182 Feb.
..uo 182
!19k
1 39 J*"
46 % Feb.
42
100
45
5 Feb.
5 |Feb.
:87
.100
5k 6
....
10
1 100 i03
17
Bo price Friday; latest pnce thla week.
t Actual sales.

Lowest.

Highest

150% Feb.
115 “ jan
91 Jan.
18% Feb.
% Feb.
955s Feb.
2 Apr.
23% Jan.
94% Feb.
1% Jan.

95 Feb.
23% Mar.
% Feb.
96% Feb
4% Jan.
34% Feb.
98 Feb.
4% Mar.

30 “ Mar.

31 “ Mar.

89

Jan.

98% Mar.

53% Apr.
35 Feb.
18% Jan.
78 Feb.

62% Jan.
35 Feb.
29% Mar.
S6% Apr.

59% Feb. 60 Feb.
53 Jan. 72 Feb.
15 Mar. 20% Jan.
4% Jan.
6% Feb.
7% Mar.
8% Feb.
8 Jan. 15 Mar.
2 Mar.
4% Jan.
320 Apr. 320 Apr.
2 Jan.
1% Mar.
5
17
38
83
97

Jan.
7 “ Feb.
Jan. 24% Feb.
Jan. 46 Mar.
Jan. 89 Jan.
Jan. 101 Feb.

NEW YORK STOCK EXCHANGE PRICES .— S T A T E B O N D S A P R I L 10.
b k o c r it ie b

Bid.

8KCURITJEB,

Auk

Alabama—01.*. A. 4 U> i .......1906 106
Ulaae B. 5. ....................... 1906 106
Claaa C. 4*........................... 1206 100
Currency landing 4».......... 1920 100
kriuua*—0a, fnnd.Hol. 1899-1900
do. Non-Holfordi
7. ir U B iu Centr.l
...I
Lorjl«Un»—7 « ,e o n «......___ ..914
Scamped 4 .........™ —. . . . . . . . . . . j
N-*r eonola. 4 *..............19 14 1 97 k 99 k

New York City Hank Statement (or the week ending
April 4, 1896. Ire o m it txoo cip h ers (00) in alt cases.
Basks.

(00s omitted.)

Capital SurpCs Loans.

Speeie.

•11.960,0 ,
Manhattan On....— 2.050.0 2.090.0 1
932.5 8,564.6
. 000.0
Msrchanu'--------- - 2•i.lH
N.M, 2.126.5 8.475.0
1.500.0 2.339.6 14.610.6
346.7 3.792.0
P h sr.ll........................ 1, 000.0
3.297.6 22,931.4
our___ _____ — 1.000.0
78,3: 1.926.5
Tradoemen's— — I 750.0
n £ i 7.423.1 22.644.0
Chemical . . . . . . . . . . .
158.7 3,883.4
Merchants’ Exch’ge
9 all.tin National... 1.000,0 1.604.2 1M U
300.0 221.4 1.476,11
Bntoh.raADroTera’
327.6 2.405.0
400 "
Mechanics’ a Trad’.;
917,4
179.2
200.0
Oreenwlcb . . . . . . .. ..j
600,0 494 I 3.441.3;
Leather Mannfac'ra
99,7! 1.773.2
300.0
Seventh National...
1.200.0 520.K 3.383.3
State of New York.
24.601.0
0
American Exchange 5.000. 2.466,5
22.856.3
3.551.4
0
Oommerce..........—. . . 5.000.
6.036.2
1.601.4
0
Broad n r . . . ------------1 1.000.
950,0! 6.660.6
Mercantile.— .........! 1, 000.0
488.8 2.466.6,
raelfie................
j 422,7
851.4 10.468.4
Republic.......... « . . . ; UOttO
984.8 5,766.0:
O hatham ....... . . . . . .
259.3 2.095.4
200.0
People’ . .................. .
700.0 561.6 6.274.8
North Amarloa.........t
H a n ov er......--------- 1. 000,0 1.922.3 12.369.7
500.0 339.7 2.958.0
Irving......... ...............
383.1 2.566.6
O ttl.e c'.------------— j flOCS
278.4 2.554.7
Wnsnnn.....................
811.7 4.002.L
MO
Market A Fulton...
65,0! 2.949.6
Bhoe A Leather....... 1.000.0
7.120.01
Oorn Exchange....... 1.000.0 1.145.0
235.8, 5.915.9
Continental............ 1,000.0
300.0 408.0
Oriental ........... —
Importer.Al railers' 1.500.0 5.547.9 18.682.0
Bark............................ 2, 000.0 3.171.2 23,432.2!
250.0 185.7 1. 170.8 ;
Bast River...............
Fourth National___ 3. 200.0 2.006.9 17 ,249.51
474.9! 8,158,0;
Central National----- 2. 000.0
300.0 630.0 4,972,0;
Second National....
750,0; 360.2 8.227.0
Ninth National.......
500.0 7.146.9 21,547.3
First National........
236.2 7.787.5!
Third National......... 1,000,0
73.7 1.663.1
300.0
N .Y Nat. Exchange
960.0j 571.7 2.746.0
2.923.7
200.0
425.3
£ : * 7 ork Oouaty.750.0 269,6| 2 , 866(0
0 irm M Am «nc*n..
500.0 1,389.81 15.069.5
OhM« Nation*!.........
7.154.3
100 .0 1.085.2
Fifth A t m o b ....... ...
625.6 2.668.4
200,0'
(MTIBMI EtOhaage..
651.6 2 . 886.1
ytrimaUi— -------200,0
500.0 644.4 4.976.5
fitted M U M ..........
300.0 691.1 6.923.1!
loooin.. . . . . . . . . . . .
646.2i 4.192.9!
200.0
eartaUL................
810.6 1.744.6
W0&0
Fifth National........
300.0 805,6 4.402.1
Bank of the Metrop.
3 0 6 .0
2.293.01
200.0
W M t 8 ld«................
600.0. 250.9 6,660.0
335.8 1.783.0.
200 , 0 '
Slith National..... ,
307.5! 11,144.9;
WMtorn National. 2 , 100.0
300.0 888, 8 ; 6.197.0,
Fir«t Nat- BPkJyn.
500.0, 622,51 2,077,7*
gonth*rn National.
606,0 7.907.1
Union Bank... 1,200,0
500.0 176,7i 2,003,0
Llbortr Nat. Bank
N.T. Prtxl. Kxoh'ce 1,000,0 320.2 3.473.2
........ 81.122.7 72 833.3 485.224.9 59,251.8
■ l i t of Sow York.. •2,000.0 •1.954.3

E

Bid. Ask.

IM!**oorl—Fund............ 1894-1895
NortU Carolina—6a, old..........JAJ
Funding aet........................ 1900
| New bond*. JA J........ 1892-1898
Chatham HR..............................
Special tar. Class I...................
Consolidated 4».................. 1910 105
6k.........................................1919 122 k
Booth Carolina—ike, 20-40..1933 106
6s. non-fund........................ 1888!

Ltgals. Deposits

41.890.0 •11.310,0
2,608.0 14.220.0
1.630.6 9.342.2
1.398.0 7.393.0
3.217.1 16.186.5
735.0 3.425.0
2.705.1 31.125.5
178.5 1.752.7
3.654 1 22.138.6
4 04, m 4.279.8
720,8 4.414.8
156.1 1.399.3
275.0 2.240.0
003,1
205.7
960.1 3.444.5
273.2 2.032.6
435.8' 2.420.1
3.324.0 17.603.0
3.972.8 16.394.1
7u7.6 4.467.8
1,363 0 6.789.8
369.5! 2.813.0
1.189.9 10.840.4
804.8 6.580.7
241.7, 2.414.6
963.7! 5.370.5
4.216.91 17.969.1
451.7 2.823.0
250.0 2.863.8
522,41 2 .9 5 3.1
1.017.0 4 .2 6 2 .2
368.8 2,979.1
690.0 7,7083
1.320.91 7.512.0
332.0 1.700.0
2,634.0! 19.132.0
6.019.5 27.550.4
180.01 1.046.1
2.694.1 16,306.8
1.791.0 8.456.0
856.0 6.929.0
434.81 3.301.5
3.904.7 19.429.1
909.2 8.796.0
216.0 1.470.2
322.0 3.154.0
153.1 3.104.7
430.5 2.771.3
3,000,1 17.755.2
1.019.2 7.907.4
475.5 3,0*7,4
195.1 3.810.3
513.3 5.834.7
1.067.1 0,006,2
273.1 4.754.9
295.1 1.842.4
1,344.0 0,231.2
358.0 2.360.0
847.0 6.098.0
205.0 1.510.0
2.796.3 11,010.6
488.1 6.319.0
394.4 1.821.2
1.435.6 7.592.8
441.8 1.882.7
170.9 2.820.9

SECURITIES

Bid.

Tennessee—6s, old........1892-1898
6b, new bonds____ 1892-8-1900
do
new series..............1914
Compromise, 3-4-5 6s.........1912
3s.........................................1913
Redemption 4 a ................ 1907
do
4ks.................1913
Penitentiary 4ks................1913
Virginia funded debt, 2-3S...1991
6s, deferred t’st ree’ts, stamped

86

87

60k 6 lk

New York City, Boston and Philadelphia Banks:
Capital A
Banes. Surplus. Loans. Specie. Legals. Deposits.+ OircTn.
$
$
$
{
$
$
$
S
N. Y.*
Mar. 7.. 133.950.0 464.488.9 01,538,1 83,917,5:488,884,4 13.983.8 602,358,9
** 14.. 133.956.0 400.520.9 00,845,1 83.050,1 489.809.5 14.234.8 518,950,6
“ 21.. 133.956.0 407,626,3158,515,3 82,541,9 488.058,1 14.198.0 553.320.2
M 28.. 133.950.0 464,990,4 58,931,9 79,700,4 482,215,5 14.210.0 485.144.2
Apr. 4.. 133.050.0 405.224.9 59.251,0: 78,203,3!481,795,7 14,254,5 527,449,1
Hon.'
Mar 21.. 69.351.8 157.029.0 8.092,0 8,000.0 181,275,0 9.732.0 80.349.1
** 28.. 69.351.8 158.379.0 8,729,0! 6.512,0130.784.0 9.818.0 70,960.6
Apr. 4.. 09.351.8 158.097.0 8,531,0 5,214,0 134.819.0 9.802.0 95.056.1
Palin. •
27,917.0
I 99,107,0 8.515.0 82,231,5
Mar. 21.. 35.203.0 103.031.0
27.000,0
, 98,243,0 0,581,0 58,208,3
- 28.. 35.263.0 103.193.0
27,000.0
98.137.0 0.060,0 58.720.2
Apr. 4.. 35.263.0 103.501.0
• We omit two ciphers in all these figures. + Including for Boston and Ptaila
delphla the Item “ due to other banks.'’

Miscellaneous and Unlisted Bonds :
Miscellaneous Honda.
Jlleoellaneoan Honda
Manhat. Beach H. A L. g. 4a.
Boston Un. Gas tr .certs., os.
Ch. Jon.A 8. Yds.—CoLt.g.,5s 108 a. Metropol. Tel. A TeL 1st 5s.. 108 b.
Mioh.-Penln. Car 1st 5p.......
CoL C. A I. Devel. gu. 5s......
Colorado Fuel-Gen. 0s........ 90"*a. Mutual Union Teleg.—6a g.. *113 b
Col. A Hock. Coal A I.—6s, g. •90 a. N. Y. A N. J Telep. gen. 5a.. 107%b.
Cona.Gas Oo..Chlc.—1st gu.5* 84 a. Northwestern Telegraph—7a.
95 b. People's Gas A C. 11st g. 6s. Iu6 b.
Consol. Coal oonv. 0s........
Det. Gas oon. 1st 5s.............. 74%b, Co., Chicago.... f 2d g. 6s. *i05%b
Edison Eleo. 111. Co.—1st 5a . 106%b. 1st oons. g. 6s................... 102 %a.
let consol., gold, 5s.......... 102 b. Pleas. Valley Coal-1st g. 8s.
Sunday Creek Coal let g 0s.. ioo” b.
Do of Bklyn., lat 5a..
U. 8. Leather—8. f. deb., g.,0s 11138b.
Eqnit G.-L..N.Y., cons.g. 5a.
Equitable G. A F.-lat 0a. - *90 b. Western Union Teleg.—/'. .
Henderson Bridge—1st g. 8a I ll b. Wheel. L. E.A Pit*« Coal lst5s
Uni luted Hands.
Illinois Steel deb. 5a.......
Am. Spirit Mfg.,1st,when iss
Non-oonv. deb 5a.............
5%b
Comstock Tunnel—Ino. 4s..
jn t Cond. A Ina. deb. 6a....
NoTEw—" 6” indicates prioe bid; *a ” pnoe asked. * Latest price this week
Bank Stock L ist—Latest prices this week. (*Not listed.)
A sa
BANKS.
Bid. A8K.
BANKS.
BANKfl7 Bid. Ask.
Y . Nat. Ex 100
Garfield......... 425
America
300
......... N
N in th...........
Am. Exch... 171 173 German A m . 112
......... 19th W ard.. 125
German Ex.* 350
Bowery*.... 275
__
N. Am erica. 135
G erm ania.... 380
Broadway... 230
205
Butcha’ADr. 140 150 Greenwich .. 176 190 O riental. . . . 195
Pacific......... ISO
Hanover........ 310 315
Central...... 118
Park.............. 270 27*3*
.....
Hud. River.. 150
Chaae............. 450
People’ s ___ 235
Im . A Trad’s’ 535 545
Chatham..... 300
....
Pheuix......... 108 no
Chemical
C ity ...........

Citizens’ .....
Colombia__
Commerce...
Continental.
Corn Exch..
East River..
11th Ward..
Fifth Ave.,..
Fifth*........
First.........
First N„ 8.1
14th Street.
Fourth, ....
78.203 3 481,795.7 Gallatin.__

4000
450
130

201
130
285
130
200
2900
250
2850
115
170
180
295

210
203
293
140
275

190
310

I r v in g ........... 137 %
176
Leather M is’ 170
......
Lincoln......... 080
207
....
200
192
180
140
M ’cha’ A Tra’ 125
185
M ercantile.. 175
138
Merchants’ -- 133
Merch’ ta E x 110
M etropolis.. 410 425
Mt. M o rris.. . . . . . 130
......
145
__. . .
190
234 237
...
N .v , Oo’ ntv. 000

Prod. E x .* ..
Republic___
Seaboard. . .
Second..........
Seventh ___
ShoeA L e’ th
Southern ...
Stateof N .Y .
T h ird ............
Tradeara’n’s
Union Sq.* .
Union...........
Un’ d StateB
W estern . . .
Wont, S1d«. .

115
147
107
400
100
95

100

108
105
93%
190
190
175

no

275

120

155
485
113%
97
no
107
04
108*

THE CHRONICLE.

674

BOSTON, PHILA. DELPtflA.

AND BALTIMORE STOCK EXCHANGES.

SUare P r ic e * — n o t P e r C e n tu m P r ic e * .

Active Stocks.
fi Indicates unlisted.

[V o l . L X II(

Monday,
Apr. 6.

Saturday,
Apr. 4.
16%

16%

16%

16%

Tuesday,
A pr. 7.
16
•49
18%
66
*17%
......
206
*205
165
*10%
*54
78%
75%
5%
*22
95
34%

W ednesday,
Apr. 8.

Thursday,
Apr. 9.

15% 15%
16
15% 15%
•49
•75
18% *18%
18
18
*65%
66
*66
173g 17% *1 7 % 17%
17%
___
17% 17% *17% 17%
206
205% 2!.»6
207 207
206
205% 205% 206 206
164% 165
166
164 164
11% *10% 11% *10% n %
*
*54
55
78%
78% 78%
77% 78
7 4 % 75%
7 0 % 75% 76
6
4%
5%
5%
5%
23
*23% 24
*23% 25
*95
95
95%
95
95%
34% 3 5 % 3434 35
35

Sales
Friday,
Apr. 10.

Week,
Shares.

R ange o f sales In 1896.
Lowest.

Atlantic & Pao.
44
100
18
Baltimore & Ohio (Bai(.).lOO
18
*65%
Balt. City Pass’ger “
25 '6 5 %
17% 17%
Baltimore Traction “
25 *1730 17%
Baltimore Trao’nH (P hil.). 25
17% 17%
17% 17*8
Boston <fe Albany (Boston). 100 207% 207% 207 207
100 205% v 05 % 205% 205%
Boston & Lowell
Boston & M aine
100 *166 168% 166 166
100 *10% 11% *10% n %
Central o f Mass.
*54
55
100 *54
t tef erred
Gate. Bur. & Quin.
100 78% 78% 773i 7 9 %
7 5 % 76%
O oic Mil. & St. P. (P hil.). 100 75% 76
6%
6%
6
Oho O. &G.vot.t.e- “ .
50
6%
24
25
24
*23
Git. 8t.R y .of Indfi “
100
95
95
95
95
Fitchburg p ref.. (B oston;. 100
35
35%
Lehigh V a lle y .. (P h ila .). 50
35
35%
Maine Central (Boston). 100
M etropoPnTrac.1I (P hil). 100 105 105
103% 103% 103% 103 ** 103% 103% 103% 103%
10%
10% 1 0 % *1 0 % 1 0 % 10% 10% *10
M exican C6nt’l (Boston). 100 *10 % 11
403g 40%
40% 40%
New England----44
100
80
80
77
77 *
* TT
*70
80
P r e f e n e d .........
“
100
4
70
70 *
70
Northern Central (B a ll.). 50 *
1%
1%
*1 %
1%
1%
1%
1%
1%
1%
i%
Northern P aciflo (Phila.)lOO
12
12
11% n %
1134 11 34 11% 1 1 %
Preferred
**
100 *113» 12
177
177
*176
17
177
177
177
17fi3i
177 177
Old C olony....... (Boston) .100
53% 54
53% 5 3 % 5 3 % 5 3 % 53=8 53$j
53% 53%
Pennsylvania ...(P h ila ,). 50
5%
5%
5°i« 513j
5%
5%
5% 5»u.
Phil. & R eading.!
“
50
5?18
68%
6“
69% 69%
68% 68
Philadelph Trac.
“
50
69% 69% *68% 69
9
9%
83s
8%
8%
8%
Union P a c iflo ...(B oston). 100
8%
8%
8%
14% 14%
15% 15%
15
15
14% 14%
15% 15%
U n ion T ra ctio n ..(P hila,). 50
M is c e lla n e o u s S to c k * .
117% 118% 118% 119% 118% 119% 117% 119% 117 118% 118 119
21,061 97% Jan.
Am.Sug’r Refin. 1j (Boston) —
10034 101
10 0 % 10 0 % 1003g 10(138 100S4 101
1005g 101
100% 101
871 95 Jan.
^ P r e fe r r e d ........
203 203% 203 203
202 202% 202 203
202 203
637 L97/ Jan.
100 202% 203
u e ll T eleph one..
76
76% x72% 74% 13,161 65 Jan.
7 4 % 76
7 5 % 7 7 % 76% 77
76% 77
25
Boat, & Montana.
2
2%
2%
2%
*2
2%
2S
2%
2,875
1% Mar.
2%
Butte & B oston..
25
3%
1%
1%
305 305
305 305 *305
*305
308 308
30 595 Jan.
25 309 309
Calumet & H ecla ^
*
66
*60
66
Canton C o .......... (B a ll.). 100 *
6534 65%
65% 65%
65
64% 65
*64% 65
968 55*8 Jan. 20
65% 66
6 i%
Consolidated Gas
“
100
31L
30% 31%
3 l3 i 34
30
30%
30
30%
31
31% 32
7,004! 24 Jan. 7
Elec.Stor. B at’yfi (Phila.) . 100
33
33
33% 35
1,142 25 Jan. 7
31
31
31% 32
31% 3 1 % 32% 32%
Preferred fi
“
100
59
60
5 9 * 60
59
59
59% 59%
2,603 59 Mar. 20
60S
68% 59*<
59%
Erie T elephone.(B oston;. 100
37% 38%
37
37
3 7 % 3 7 % 37% 37%
4,809 22% Jan. 6
General E lectric.
“
100
3 7 % 37%
3 7 % 38%
76
74
75
*74
74
75% *75
76
75% 75%
426 50 Jan. 8
P referred .........
“
100 71% 74.
19% 19% *19% 20
19% 19% * i « 7a
19% 19%
19%
170 18 JaD. 7
LamsonStoreSer.
“
50 *19
42% 42% *42% 43%
*42
43
42% 423b *42
43
227 41 Mar 25
Lehi’h Coal&Nav. (P hila.) 50 *42% 43
91
*89
*89
*89
90
*91
90
92
87% Jan. 2d
N. E. Telephone (B oston). 100 ■*89
113s l l 3* 11% n %
11% n %
11% 115*
2,370
P a.H eat,L .& P ow (P A i/a.;.......
9 Jan. 7
n % 11%
11% n %
693* 70 '
70
69
69
69
69
69% 69%
69
69
661 66 Mar. 2
U nit'd Gas Imp.fi
“
50
58
58
58
58%
170 46 Jan. 8
Welsbach Light 1i
“
5
59% 60%
*
*
2%
2
2
2 Ad
2%
2
2
2%
200
West End L and.. (Boston) . . . .
1 \ Jan. 25
1 Trust reeei pts, $2% pd.
* Bid and asked prices: no sale was made.

inactive Stocks.
P rices oj A pril 10.
Atlanta & Charlotte (Balt.). 100
B oston & P rovidence (Boston.). 100
Camden & A tlantic p f. (Phila.). 50
“
50
Catawissa........................
1st p referre d ...........
*•
50
Central Ohio................. (Balt.) 50
Chicago & W estM icli.(Boston). 100
C onnecticut <te P a ss..
“
100
“
100
C onnecticut R iv er___
Consol. T ract.of N .J.fi(PAito.).100
Delaware&JBoundBr.
“
100
Flint & Pere M a r q ...(Boston). 100
P referred..................
“
100
H estonville Passeng. (P h ila .). 50
Preferred fi..................
“
50
Hunt. & B road T o p ...
“
50
P referred.....................
“
50
Kan. C'yFt.S. & M em .(Boston). 100
P referred .................
“
100
Little Schuylkill.........(Phila.). 50
Mine H ill & 8.H aven
“
50
Nesqueboning V a l . . .
“
50
North A m erican C o ..
“
100
North Pennsylvania.
“
50
Oregon Short L in e...(B ostow ;. 100
P ennsylvania& N . W. (P h ila .). 50
>hi]pde!. <fe E rie.........
“
50
tut an i ....... ............... (B oston). 100
P n 1© red .....................
“
100
outhera....................... (B all.) .100
P referred.....................
“
100
West E nd..................... (B oston). 50
P referred ..................
“
50
United Cos. o f N. J .. (P h ila ,).100
West Jersey...................
“
50
West Jersey & A tla n .
“
50
Western N.Y. & Penn
“
100
Wisconsin C e n tra l...(B oston). 100
P referred ....................
“
100
W orc’st.Nash.&Rooh,
“
100
MISCELLANEOUS.

Bid.
92
263

Ask.

265

2is
l%
51ia
41
38
8
7
141 142
240 250
25
22
162ia
12
10
42
37
47
46ia
61ia
30
521® 53%
17
15
60
50
63
64%
70
69
54ia 55%
3%

b6
4
36
20%

2
70
8%
291a
68

89
2391*
54

3
72
9
29%
68%
90
56
20%

2%

iiS"

2
3%
15
117

A llouezM in’g.asstp dfB oston ;. 25
1
>a
A tlantio M ining.........
“
25
18
18%
Bay State Gas fi.........
“
50
9 * 10
Boston L and..................
“
10
4%
Centennial M in in g ...
“
10 •15
■25
1
F ort Wayne E leot.fi..
“
25
2
12
Franklin M ining.......
“
25
12 %
Frenchman's Bay L ’d .
“
5
1
ia
Illinois Steel...................
“
100
70
69
Kearsarge M in in g....
**
25
Id a 11%
Osceola Mining..........
“
25
25ia 26
Pullman P alace Car.
“
100 156 157
Pennsylvania Steel.. (BAita.).lOO
20 %
Preferred fi..................
“
100
59
60
Quincy M ining...........(B oston). 25 123 125
Tamarack M in in g ....
“
25
95
97
Water P ow er.................
“
100
1
1%
Westingh. Eleo. & M ..
44
50
29% 30
Pref., cum ulative.
“
50
63
53%
At.Topn* i.F a$0 -y i\ A g .,1 989 , J&J
771a 77%
2 d 2%-4s, g., C lassA ..1989, A&O
24 >a 24%
ostou United Gas 1st 5s............... §78% 79
* Price Includes overdue coupons.

Inactive stocks.

Bid.

Boston United Gas, 2 d m , 5 s ..1939
Burl. & Mo. R iver E x e u n t 6s, J&J
N on-exem pt 6s....... ..1 9 1 8 , J&J
Plain 4 s .......................... 1910, J&J
Ohio, Burl. & N or. I st5 ,1 9 2 6 , A&O
2d m ort. 6 s...............1 9 1 8 , J&D
Debenture 6s...............1896, J&D
Ohio. Burl.& Quincy 4s 1922, F&A
Iow a Division 4 s____ 1919, A&O
Cliio.&W.Miob. gen. 5s, 1921, J&D
Consol, o f V erm ont, 5 s .1913, J&J
Current R iver, 1st, 5 b. .1927, A&O
Det. Lans. & N or’n M. 7 s . 1907, J&J
Eastern 1st m ort 6 g .l9 0 6 ,M & 8 ..
Ire e .E lk .& M .V .,lst,6 s.l9 3 3 , end.
Unstamped, 1st, 6s, 1933............
K.C. C.& Spring.,1st,5g.,1925,A&O
K C. P .8. & M. eon. 6s, 1928, M&N
K.C. Mem. & Bir., 1st, 2s,1927, M&8
K.
C. St. Jo. & C . B ., 76 .. 1907, J&J
L. R ock & F t 8., 1 st,7 s ..1905, J&J
Louis.,Ev.&St.L.,1st,6g.l926,A & O
2m ., 5—6 g .................1936, A&O
Mar. H . & Out., 6 b........1925, A&O
M exican C entral,4 g . . . 1911, J&J
1st oonsol.incom es, 3 g, non-eum.
| 2d oonsol. incom es. 3s, non-onm
N. Y . & N .E ng,, 1st, 7s, 1905, J& J'
1st m ort. 6 s..........................1905,J&J
Ogden. & L .C .,C o n .6 s...1920,A&O
Inc. 6s.......................................1920
Rn tland, 1st,6 s ............ 1902,M&N
2d, 5s............................1898,F&A
AReg^eny ValV7
18sSi, J&J
A tlantic City 1st 5s, g., 1919.M&N
Belvidere D el., 1st, 6 s ..1902, J&D
Buffalo Ry. con. 1st, 5 s.......... 1931
Catawissa, M „ 7 s____ 1900, F&A
Choo. Okla. & G ulf, prior lien 6 s ..
Citizens’ St.Ry.of Ind.,oon.5s.l933
Columb. 8t. R y „ 1st, con. 5 s..1932
Columb. O. Crosstown, 1st,5s.1933
Consol. Traot. o f N. J., 1st,5s.1933
Del. & B’d B r’k, 1st, 7 s .1905,F&A
Easton & Am. lstM .,5s.l92 0,M & N
Elmir. & W ilm .,l8 t,68.1910, J& J.
Hestonville M. & F., con. os..1924
Hunt. & B r"d T op ,C on .5 s.’95,A&O
Lehigh Nav. 4 % s........... 1914, Q—J
2d 6s, gold ...................1897, J&D
General m ort. 4% s, g .l9 2 4 ,Q —F
Lebigli Val. Coal 1st 5 s ,g .1933, J&J
Lehigh V alley, 1st 6 s... 1898, J&D
2d 7s..............................1910, M&8
Consol. 6 ...................... 1923, J&D
Newark Passenger, oon. 5s... 1930
North Penn. 1 st, 7 s . ...1 8 9 6 , M « »
I Gen. M. 7 s . . . ..............1 9 0 3 , J&J
Pennsylvania gen .6 s , r.,1910, Var
| Consol. 6s, 0
_______1905, Vai
Consol. 5s, r .............. . 1919, Var
Collat. Tr. 4% g ...........1913, J&D
Pa. & N. Y. C a n a l,7 s ...1 9 0 6 ,J&D
Oon. 5s.......................... 1030. A * n

V Unlisted.

§ A nd aoorued interest.

Highest.

15% 15%
3,174 12^i Jan.
150 *49 Apr.
*•50
*75
*17% 18%
202 13 Mar.
10 65 Feb.
*66
67
110 16 Jan.
*17% 173j
*17% 17%
306 15% Jaa.
207 207
212 204 Jan.
206 2 6
101 202 Jau.
*164% 165%
bO 162 Jan.
*11
n%
10 Mar.
*54
55
53% Mar.
77% 78
10,6l 4 72 Jau.
75
7 5 % 10,70* 64 Jan.
673
6
4% A or.
5 7e
*22%
20 21 Mar.
9434 94 \
)0 * 89 Jan.
34% 347s
67 i 34 Mar.
*133 135
L34 Jau.
1,421 94% Jau.
103 103%
615
1 0 % 10%
8 78 Jan.
*40
33 40*4 Apr.
42
12 77 Apr.
*77
80
*69%
67*3 Jan.
9,64 m 1% Apr.
lS:
1%
*11%
657 10% Jan.
162 L75% Jan.
177 177
53% 537p
1.234 50% Jan.
5
%
2,748
5%6
1 % Jan.
1,069 62 Jan.
68% 68%
*8%
2,956
3 J an.
8%
14% 14%
7,030 10 Jan.

Ask.

17% Feb.
% Feb.
441^ Jan.
70 Jan.
18% Feb.
18% Feb.
217 Jan.
206 Feb.
171 Feb.
123* Mar.
56 Feb.
81% Feb.
79^8 Feb.
12 ^ Jan.
30 Jan.
97 Feb.
383* Jan.
136 % Jan.
106*8 Feb.
1238 Feb.
51 Jan.
85 Jan.
70
Feb.
5 Feb.
173s Mar.
178 Jan.
54*8 Feb.
7?i« Jan.
72% Feb.
9*8 Apr.
16 Mar.

24
24
27
2
10
10
28
27
19
10
28
10
24
2
2
10
30
3
6
24
28
28
14
28
9
16
26
30
21
7
5

1195s Apr.
103 Feb.
207 Mar.
81 Feb.
13% Jan.
310 Mar.

7
26
30
25
31
4

Bondi.
JPeopie’s Trac. trust certs. 4s..1943
Perklom en, 1st se r .,5 s .l9 1 8 , Q—J
Phila. & Erie gen. M. 5g.,1920, A&O
Gen. m ort., 4 g ...........1920, A&O
Phila & Read, new 4 g., 1958, J&J
1st pref. inoom e, 5 g , 1958, Feh 1
2d pref. Incom e, 5 g , 1958, Feb. 1
3d pref. incom e, 5 g , 1958,Feh. 1
2d, 5s............................ 1933, A&O
Consol, m ort. 7 s .........1911, J&D
Consol, m ort. 6 g .........1911, J&D
Im provem entM . 6 g., 1897, A&O
C on.M .,5 g.,stam ped,1922,M&N
Terminal 5s, g ......... 1941, Q.—F.
Phil. Wilm. & Bait., 4 s . 1917, A&O
Pitts. O. & 8t. L ., 7 s ....1 9 0 0 , F&A
Rochester R ailway, oon. os ..1 9 3 0
8chu yl.B .E .8ide,lst 5 g.1935, J&D
Union Terminal 1st 5 s ...........F&A

A tla n ta^ fch S 'h !tis ? 7 s f i9 0 7 , J&J
Baltimore Belt, 1st, 5 s .1990, M&N
Balt. O. Pass. 1st 5 s . ...1 911, M&N
Balt. Traotion, 1st 5 s ..1929, M&N
E xten. & im pt. 6s___ 1901, M&S
No. Balt. D iv., 5 s....... 1942, J&D
Baltimore & Ohio 4 g., 1935, A&O
Pitts. & Conn., 5 g ....l9 2 5 , F&A
Staten Island, 2d, 5 g .1926, J&J
Bal.&Ohio 8.W .,lst,4% g.l9 90, J&J
OapeF.& Yad.,8er.A .,6g.l916, J&D
Series B., 6 g ... . . . . . . , 1 9 1 6 , J&D
Series 0 ., 6 g . . . . . ........1916, J&P
Cent. Ohio, 4% g .............1930, M&F
Cent. Pass., 1st 5s____ 1932, M&N
103 104%, City & Sub., 1st 5 s.........1922, J&D
113
Chari. C ol.& A ug.ext.5s.l910, J&J
Col. & Greenv., 1st 5-6s.l91 7, J&J
11 1 %
Ga.Car. & N or. 1st 5 g ..l9 2 9 , J&J
105%
Georgia Pao., 1st 5-6S...1922, J&J
80
North. Cent. 6 s................ 1900, J&J
6 s.................................... 1904, J&J
Series A , 5s___ . . . ___ 1926, J&J
4 % s ............................... 1925, A&O
P iedm .& C n m .,lst, 5 g . 1911, F&A
110% Pitts. & Connells. I s t 7 s .l8 9 8 , J&J
Southern, 1st 5 s......... ...1 9 9 4 , J&J
119
Virginia M id., 1st 6 s ...1 9 0 6 , M&S
2d Series, 6s..................1911 M&S
3d Sferies, 6s....... .....1 9 1 6 , M&S
4th Series, 3-4-5s....... 1921, M&S
5th Series, 5 s .............. 1926, M&S
99
W est Va C .& P . 1 s t ,6 g . 1911, J&J
West’L.N.0. Oonsol. 6 g.19 14, J&J
W ilm. Col. & A ug., 6 s.. 1910, J&D
122
MISCELLANEOUS.
......... Baltimore Water 5 s . . . 1916, M&N
104
P onding 5 s .
....... 1916, M&N
.......
Exohange 3% s............ 1930, J&J
. 129% Virginia (State) 3 s,n ew .1 9 3 2 , J&.1
119% 121
Funded debt, 2-3s...... 1991, J&J
1 1 7 % ........ Chesapeake Gas, 6 s ....... 1900, J&E
.................... Consol. G a s , 6 s . . . . . . . ...1 9 1 0 , J&E
123 ........
5 s ................... ................1 9 3 9 .J A .
1 '9
......... Bonitahie
■>.
. -

66
33%
34
63
39%
75%
19%
46%
90
14%
81%
67
2%

Apr.
Jau.
Jau.
Jan.
Mar.
Apr.
Feb.
Feb.
Feb.
Jan.
Jan.
Feb.
Feb.

2
31
31
31
13
8
4
8
10
17
2
17
14

Bid. Ask.
92%
100 %
103

93

ill"

119
127
117
102% 103
101%
106% !.........
104 105
m %
101

105

" 8 7 " 89
115
110 i i o %
ll)4 %
lu 3
107 107%
101
97
74
50
50
93

99
75
51

112%
i 0 8 " 108%
104 104%
110
81
82
112
109%
112
113
107
100 102%
102% 102%
90% 91
110
112 113
111
112 %
90
100
107 107%
112
114
122

122%

106% 106%
61
10 1%
112
103%

61%
105%
113
103%

THE CHRONICLE.

A pril 11, 1896.]

675

NEW YORK STOCK EXCHANGE PRICES (Continued)—A C T I V E B O N D S A P R I L 10 A N D F O R Y E A R 1896.
•
ILROA.D AND
M isce ll a n eo u s B onds .

In C st
P erio d

C losin g Range (sales) in

P r ic e

A pr.

10.

---------------------------- —

Low est.

_

_

1896.
_

Highest.

R a il r o a d a n d
M is c e l l a n e o u s B o n d s .

Closing R a n ge (sales) i n 1896.
InC st
P rice
P eriod A p r . 10.
Low est
H ighest.

Amer. Cotton Oil, deb., 8g. 1900 Q—F 109%b. 109 Mar. 111% Jam M. K. & Texas.—1st, 4s, g.l990'J & D 85%
80 Jan. 87 Feb.
69%
66 Jan. 717g Feb.
Atm Arbor.—1st, 4*. g ......1995 ^—J
2d, 4s, g ........................... 1990 ;F Ac A 58
53% Jan. 63% Feb.
At.Top. AcS.F. —100.yr.,4g. 1989 J Ac J 't 76%b. t69% Jan. t80% Feb. Mo. Pac.—1st,con., 6#....... 19 2 0 M & N 92
90% Mar. 97 Jan.
3-4s,Cl. “ A" l*t install. pd/S9 A Ac O t 24% H9% Jan. 128% Feb.
3d, 7s...............................1906 M Ac N 108 b. 108 Jan. 112 Jam
New gem 4*, when U«ued---- J .......... 773*
723* Jan. Sli-3 Feb.
Pao. of Mo.—Isc, ex., 4g.l93S F Ac A 101%b. 101 Feb. 102% Jam
Adjustment 4a, when issued. .........
41%
4*2% Jan. 511b Feb.
2d ext. 5s.....................1938 J & J 108 a.
Col. Midland-Cons., 4g. 1940 F & A t 24 b. »20 Jan. f 27 Feb.
St. L. A Ir.Mt.lst ext., 53.1897 F Ac A 100 b. 100 Feb. 102% Jam
Atl. Sc Pae.—Guar. 4s...... 1937 .......... * 40 b. 41% Feb.
2d, 7g..........................1897 M & N 102 %b. 100 Jan. 103 Mar.
41% Feb.
Brooklyn El©v. 1 st, 6 g .... 1924 A & O 98 a 977a Feb 102 Jan.
Cairo Ark. & Texas, 7g.l897 J Ac D 98 b. 100% Feb. 101 Jam
Union Elevated.— 6g. ...1937 M Ac N 96%
95*i Mar. 100% Jan
Gen. R’y &land gr.,5g.l931 A & O 77 %b. 77 Apr. 81% Mar.
B*klynWhrf&W.II—lst.5a,g.’45 F Jc A 100%a. 97 Feb. 100% Mar. Mobile Ac Ohio—New 6g.... 1927 J Ac D 118%b. 117 Jan. 119 Feb.
Canada Southern.—lat, 5s, 1908 J Ac J 109
106 Jan. 1093s Feb. i General mortgage, 4s... 1938 M Ac S 65%
6234 Jan. 68 % Feb.
2d, 5s...............................1 9 1 3 M Jc S 104 a 103 % Mar. 106% Feb. Nash. Ch. &St.L.—1st, 7s.. 1913 J & J 128
127 Feb. 128 Mar.
Cent.Ga.3.&vV.i«tcons.,5.*l9‘2 9 ..............................................................
Consol., 5g.....................19 8 A & O 99 b. 99% Apr. 102 Feb.
Central of N. J .—Cons.,7s, 1899 Q—J *10739 b. 109 Mar. 110 % Mar. Nat’l Starch Mfg.—1st 6s.. 1920 51 & N 93 b. 92 Jan. 95 Jam
Consol.. 7s....... ............. 1*02 M Ac N ........... 115% Feb. 119% Mir. N. Y. Central—Debtext.4s. 1905 M Ac S 103
100% Jan. 103 Feb.
General mortgage, 5g. .1987 J & J 117%b. 112% Jan. 119% Feb.
1st, coupon, 7s.............. 1903 J Ac J 119 b. 118 Jan. 120% Mar.
----Lett.A W. B.,con.,. s,as*d-1900 Q—M 105
103 “Mar. ]106 Feb.
Deben ,5s, ooup., 1884.. 1904 M & 8 106 %b.!105% Mar. 109 Feb.
"
mortgage5s. 1912 » Ac N 90
92% Mar.
N. Y. Ac Harlem, 78, reg.,1900 M A N 114%b. ................
Am. Dock A Imp., 5s----1921 J Ac J 112 b. 111% Jan. 114% Mar.
R.W. Ac Ogd., consols, 5s. 1922 A Ac O 117% 116% Apr. 119% Feb.
Central Pacific.-Gold, 6s. 1893 J Ac J 103 b. 99% Jam 103% Feb.
West Shore, guar., 4s__ 2361 J & J 105 %b. 104 Jan. 106% Feb.
-Ches. Ac Ohio.—Ser. A, 0g..l9OS A Ac O *115 b....................................... N. Y. Chic. Ac St. L.—4 g ... 19 i7 A Ac O 103 a. 102 Jan. 105 Feb.
Mortgage, 0 g................ 1911 A Ac O 115 b. 114% Apr. 117% Mar. N. Y. Lack. Ac W.—1st, 6s.. 1921 J & J 132
129 Jan. 133% Feb.
lstcoasol.,5 g................1939 M Ac S 107%b. 104% Jan. 109% Feb. j Construction, 5s............1923 F Ac A 113 b. 112% Mar. 113% Apr.
68% Jan. 78 % Feb. IN. Y. L. E.&W.—lst,con.,7g. 1920 M Ac 8 136
General 4%s, g .............. 1992 M Ac 8 72%
135 Jan. 140 Feb.
R. Ac A. Div., 1st con., 4g. 1989 J Jc J 95 b. 91% Jan. 96 Feb.
2 consol., 6g..................1969 J & D ...........166% Jan. 175 Feb
"
2d con., 4g. .1989 J Jc J 81
82 Feb. I 85% Feb.
Long Dock, consol., 6 g.1935 A Ac O
Ellz. Lex. Ac Big. Sam,5g. 1902 M Ac 8 99
98 Jan. 102% Feb. N.Y. N. H. Ac II.—Con. deb. ctfs A Ac O 135 a. ,135 Jan. 137 Feb.
•Cl la. Ruri. Ac Q.—Con. 7s.l9*»3 J A J 117% 115% Jan. j 1IS Feb. N.Y. Out. Ac W.—Ref. 4s, g.L99*2 M & 8 88% 1 88% Jan. 93% Feb.
Deb mtnre, 5a................ 1913 M Ac N 97
97 Apr. 101 Feb.
Consol., 1st, 5s, g .........’ .1939 J Ac D 109 a. 107 Jan. 110 Feb.
99% Mar. 104% Feb. N.Y.Soa.«x W.ist ref.,5s, g.1937 J & J 96%a. 96% Mar. 100 Jam
Convertible 5«............... 19C3 M Ac 8 100
94%b. 94% Mar.i 95 Jan.
Denver Divlslou 4s....... 1922 F Ac \
Midland of N. J., 6s, g... 1910 A & O 116 a. 114 Apr. 118 Mar.
87% Jau. 91% Feb. Norf.A W.—lOO-year, 5s,g. 1990 J A J 64 b. 60 Jan. 67 Feb.
Nebraska Extension, 4s. 1927 M Ac S 90%
Han. A3t. Jos.-Coos.6s.19il M Ac S *ill% b 116 Jan. 118% Jau. No. Paciiio—1st, ooup. 6g. 1921 J Ac J 115
113% Jan. 118 Mar.
General, 2d, coup., 6 g.. 1 9 3 3 ,A Ac O 11034 100 Jau. 114% Mar.
■Chic. Sc E. I1L—1st,s. t. tfs.1907 J Ac D *U5%b. 112 Jan 115% Mar.
-------------------------------------------I A 123 b. 123
126%!Feb.
General, 3d, coup., 6 g,.1937;J Ac D 75 a 64 Jan. 82% -Mar.
1937 M A N *101%b. 99 Feb. 102 Mar.
31% Jan. 50 Mar.
Consol, mortgage, 5 g...l989,J Ac D 49%
.1982 M A N ..................... 105A Jan. 112 Feb.
76% Jan. 91% Mar.
Col. trust gold notes. 6s. 18 9 8 |MAc N 90
1082 Oct.
f '20 Jam 28 J am
t37 Jan. 148 Apr.
Chic. & N. Pao., 1st, 5 g.. 1940 A Ac O, t 46
1937 J A J • 92 %b. •JO Jam 93% Feb.
Seat. L. 8. Ac E., 1st.,gu.0.1931 F Ac A t 36 %b, 136 Mar. 145% Feb.
f26 Jan. 137% Apr.
1905 J A J 128 r». 1*23 Jam 128% Apr. No. Pao. & Mont.—6g...... 1938 M Ac S t 36%
1909 J A J *lll%b. 115 Jam 115% Mar. Vo. Pacific Ter. Co—6g ...1938.J Ac J 103 %b. 100 Jan. 105 Mar.
1910 J A J *115 b. U21« Jan. 115% Feb. Ohio A Miss.—Con.8. f., 7s. 1898 J Ac J 103 %b. 103 Jan. 104 Feb.
1st. So. Minn
110 Jam
1921 J A j 113
l ir.| Ohio Southern—1st, 6 g ...1921 J A D 93 b. 87% Jan. 94% Feb.
1923 J A J *10 »%%. 103% Jam 109% Mar. j General mortgage, 4 g . . 1 9 2 1 51 A N 31 a. 25 Jan. 35 Feb.
1921 1 A J • 1 1 2 >44 . 106% Jam ,112% Mar. OregonIinpr. Co.—Ist6g.. 1910 J A D 82 %b. 8034 Mar. 91% Jam
WUo. Ac Mlnm.biv ,
Consol., 5 g ..................1939 A A Oj 24 %a. t 20 Mar. 36 Jam
.1914 J A J • ill %b. 100 Jam 113 Mir.
93 b. 92 ha Apr. 95% Mar. Ore. R. A Nav. C..o.- ____
______,
105 Jan. 111 Mar.
Gen. M., 4g., series A ... .1989 J A j
1st, 6g.
1909 J A J 110
ConsoL, 5 g ....................... 1925J & D,t 96 b. MJO Jan. \98 Feb.
Mil. Ss Nor.—xst.CiA.Os, 1913 J A D U7«44 US ‘4 Fob. 117 Mar.
Chic. At S . W.—Consol., 7*. 1915 Q - F 139 %n. 130% Mar. 141 Jan. Penn. Co. -l%g,coup..........1921J Ac J (*lll% b. L03%Jan. 112 Feb.
. 1903 J A D 118 tt. 117% M ir. 119 Mar. Peo. Deo. A Evansv.—6 g.1920 J Ac J| 101%b. 101 Mar. 102 Mar.
Evans. Division, 6 g......... 1920M Ac8 10i%b. 101 Mar. 101 Mar.
. 192'^ A Jt O 115
112 Jam 116 Mar.
2d mortage, 5 g .................1926M Ac N, *t 26 b. 26 Mar. 31 Feb.
100 Jan. i l l Mar.
Siokiug fund, 5s . . . . . .1929 4 Ac <> 1O0
Sinking fu »d, deben., 5 1933 M A N 110 %b. 107% Jan. 111% M IT. Phi la. A Read.—Gen., 4 g .. 1958 J Ac J t 78% 171% Jan. t79% Jam
29
18% Jan. 136% Jam
1st pf.lne.,5 g, 1st inst pd.’58j.........
25-yc*r debenture, 5s. .1909 M A N 106<4b. 103 Jam 106% Mar.
2d pf.iuo., 5 g., 1st inst p d /5 8 ......... t 17 b. 5% Jan. 122% Jam
Extension. 4s ......— ,1926 F A A 100 %u. 100 Jam 101 Jan.
3d pf.ino., » g.. 1st inst pd.’58!.......... t 16 a. 3% Jan. t20 Jam
Ohio. R.I.A Pac.—6*,eoi»| 1917 J A j 1*25 b. 1 26 Mar. 126 Mar.
Extension and eoL, 5s. .1934 J A j 10i>t tOO Jam 103% Apr. Pittsburg A Western—4 g. 1917 J Ac J 71 b. 65 Mar. 77 Jam
70 Jan. 77% Feb.
_ M A S 94 b. 9*2 Jam 97% Feb. Rio Gr. Western—1st 4 g ..1939 J A J 74%
30-year debenture, 5s___1921
DU25 b. 1144 Jan. 126% Mar. St. Jo. As Gr. Island—6 g..l925 M Ac N t 47%b. 40 Feb. 151 Jam
Cblo. St. P. M. Ac 0 .-0 * ... 1930 J
J t 80 b. 79 Jan. ! 90 Jan. St. L. A Sail Fr.—6 g, Cl. B.1906 M A N *115 b. 111% Jan. 116 Apr.
Cleveland Ss Canton.—3s.. 1917 J
Jan. 110 Mar.
. . . .l 19
D
a. 1119
......................
i i u0u6 ;M
*** »A N 115 b. 1 1 2
i f *135%
i.) »■<]».
iv
j iiu. 127%
i - z u r Feb.
o u . II 6
u ^g..
., Class C.............
Jau.
V C .C .4I.—Consol. 7g.. ..1914 J
General mortgage, 0 g .. 1931 J A J 106%b. 101% Jan. 107 Mar.
J *126%*................... ...................
General consol, 6 g ...... 1934 J
35 Apr. 38 Mar.
77 Ani J 80 Jam I Cons. guar. 4*. g.............1990 A A O 35
aC.C.A8LL-Peo.AE.,4s 19 40 A A Oj 77
70 Jam 76 Feb.
19 b. 18% Mar. 23 Jan. 8 t. L. A So. W.—1st, 4s, g.1989 M A N 73%
Income, 4 s ..................1990; April.
2d, 4s, g.. Income.......... 1989 J A J ........... 24% Jan. 32 Feb.
Col, Coal St Iron—6g.........I9o0 F A A 99 a. 94% Jan. 100 Jam
0)1 A inn Ave. gu. 5s, r .. 1993 M A S l l l % b . I l l A pr. 114% Feb. St.P.M.A M.—Dak.Ex.,6 g. 1910 M A N 119 b. 1 1 9 Mar. 121% Mar.
1st consol., 6 g
1933; J A J 122 b. 117 Jan. 122 Apr.
'Ool.H.Vnl.A ToL—Con.,5g.l93l M A 8 83 a. 83 Jan. 90 Feb.
44
reduoedto4% g . . 1J A J 105% 101% Jan. 105% Mar.
General. 6 g ..................1901 J A D 89%b. 80 Jan. 90 Apr. '
113
Feb.
Montana
extension,
4
g.
1937 J A D 86 b. 86 Mar. 89 Feb.
113
b.
110% Jau.
■Dear. A KloGr.—i»*v7s,g. 1900 M A N
83 Jan. 90% Feb. San. Ant.A A. P.—lst,4g.,gu/43 J A J 50 %b. 51% Jan. 59 Feb.
1st eons«d.. 4 g. ............ 1936 J A J 81%
93 Jan. 95% Apr.
90
Feb.
So.
Car.
A
Ga.—1st,
5
g...l919
M A N 95%
97%x
Jan.
Dul. So. Sh. st Atl.—5g ... 1937 J A J
93
93 Feb. 95% Feb. So. Pacific, Ariz. —6 g... 1909 10 J A J 94 b. 94 Feb. 97 Feb.
Erie—I, g, prior bonds.... 1996 J A J 91
107
b.
107
Apr. I l l Feb.
60‘S
Mar.
So.
Pacific,
Cal
.—
6
g
..
.
1905-12
A
A
O
Mar.
General. 3-1, g ............ 1996 J A J 05%
64
1st consol., gold, 5 g......1037|A A O 90 b. 90% Mar. 92% Jam
6 4 Jan. I 70% Feb.
Ft. W. A Denv. City.—Og.. 1921,J A D f 67
106 Feb.
104
b.
101%
Jan.
!
93
Jau.
So.
Pacific,
N.’
M.—O
g
......
1911
J
A
J
Gal. fI.ASail. An•M.A P. D. I *t ,5g SCA S 92 b. 9 1% J an.
87% Jan. 93% Feb.
Gen. Electric.deb. 5s, g ... 1922 J A D 90 b 85 Jan. 93% Feb. Southern—1st'cons, g, 53.1994 J A J 90%
93% Feb.
91
a.
90
Mar.
70%
Mar.
E.
Tenn.
roorg
lien
4-5s.
1938
M
A
S
08
Apr.
Hou*. A T. Cent. gen. As, g. 1921 A A O 08%
108 %b. 107 Jan. 109% Feb.
E T. V. AG.—1st,7 g----1900 J A J , ------IlllnoU Central.—is, g. ...1953 M AN 102 a. 99 Jan. 102 Feb.
109
Feb.
Jan.
103%
Jau.
Con.
5
g
1950
M
A
N
107%b.
105
Weetern Li aee, 1st, is, g. 195! F A A 102 b. 101 Mar.
Georgia Pao. 1st5-6s, g., 1922 J A J\113% 110 Jan. 114 Jan.
InLAGreat Nor.—ist,6s,g. 1919 MA N * 117 %b. 115 Jan. 118 Feb.
115%
Mar.
114
a.
113
Feb.
77%
Feb.
Knoxv.
A
Ohio
1st0s,g..
1925
J
A
Ji
2d. 4-5s ............. .......... : n
7l%b. 70 Jan.
115 Jan. 120 Apr.
Rloh. A Danv. con. 0s,g..l9l5 J A Ji 120
town Central.—let, ^g ...1938 J A D 95%
90% Jau. 96 Apr.
Jan.
113
112
b.
112%
Feb.
71
Jam
West
No.Oar
1st
0011
.
6
s,g
1914
J
A
J
King* Co. Kiev.—lot,5g.. 1925 J A J 03
00 Apr.
Feb.
Lacle le Gas. —1st, 5s, g. ..1919, Q—F
94%
93 Jan. 96 Jam Tenn. C. I. A By—Ten. D. 1st, 6 g A A O 88 %a. 89 Jan. 93
Birmingham Div., 0 g ... 1917 J A J 90 b. 89 Jan. 95 Feb.
Lake Erie A West.—5g ...1937 J A J 115 b. 113 Jan. 116% Apr.
Mar.
90
8-1 Jan.
L. 8bore.-Con,op.. 1st,7i».19*Ki J A J 113V>. 112 Jau. 115 Jam Texas A Pacific—1st, 5 g..2000 J A D 88%
2d, income. 5 g ............ 2000 March ! 22%b. 18 Jan. 24% Feb.
Consol. c»dp.. 2 1, 7*. ...1903 J A D 119% 118 Jam 120% Mar.
J 107%a. 105% Jan. 109 Feb.
Lex. Av. A Pav. F. giL 5s,g.l993 H A 8 I U % II I Jan. II 4 Feb. Toledo A Ohio Cent.—5 g.. 1935 J A
A D t 72%b. t71 Jan. 177 Feb.
Long Island.—1st con.,.*»g. 1931! 4 —J ia o b.117% Jam 120 Feb. Tol. St. L A Kan.C.— 6 g ...!9 l6 J &
J| t01‘2t>. 102%
98 Jam Union Pacltlo— 6 g ............1893 J
- _Jan. 105% Jam
General mortgage, 4g... 1938 J A Df* 93
13 Ms
108%
M*r.
Ext.
siuklug
fund,
8
.......1899
M
A
S' 94%a.
90
Jam 97% Fob.
.Louis. A Nash.—Cons. /<*.. 1898 A A O 103
103 Apr.
Collateral trust, 4%...... 19L8;M A Nj*i49 b. i 50 Feb. t 54% Feb.
N.O. A Mooile, 1st,6g... 1930 J A J 113 b. 110 Jam 11 9 Feb.
100
Feb.
Gold
6
s,
col.
trust
notes.
1894
F
A
A
95
b.
93%
Jam 97 Jam
••
“
2d. 6g. 1930 J A J 100 b. 97 Jam
Kan. Pac.-Don.Div.,6 g. 1899 M A Nj 109 b. 106 Jam 109 Feb.
General. 6 g .................. 1930 J A D 115%b 111 Jam 116 Apr.
Jam 177% Feb.
80%
Feb.
lstcousoL,
6
g
...........
1919
M
A
Nt
73%b.
i70
71% Jam
Unitte l, 4 g _____ _____ 1910 J A J 70
Oregon Short Line— 6 g. 1922 F A A,1112 1100 Jam 113% Mar.
L on is. X. A. A Cti. —1st, 6* 1910 J A J 113 %b. U l 70 Jam 113 Feb.
Jan. 170 Feb.
103
Feb.
Or.S.L.AUt’hN.—Con.,5gl919
A
A
O
t
07
151
.1910 A A O 99 b. 99 Apr.
COD-'
31% Jan. 40 Feb.
93
94% Apr. 99% Mar. U.P.Den. AGulf.com, 5 g. 1939 J A D 38%a.
Manhattan con* )L 4* __ 19 JO A A O
29
a.
I
29
Mar. t3G% Feb.
118%
Mar.
U.
S.
Cord.—1st
col.,
6
g
...
1921
J
A
J
Metro. Elevated. —Is Ox.lJOsJ A J H 0 %b. 116% Jam
97 Jam 103 Mar.
....1899,M A N 107%b. 106 Jam 107% Feb. ii Virginia Mid.—Gon.M., 5s. 1936 M A N 103
2 d , 6 * ...................
,107% Mar.
107%
102%
Jam
119
Jam
I
J
Wabash—
1st,
5
g
1939
M
A
N
117% Jan.
Midi. Cent.—1st,< on*., 7s. 1902 M A N 119
‘2d mortgage, 5 g
1939 F A A 74 b. 69 Jam j 77% Feb.
C>n*ol., 5* .. . .......... .1902 M A N lO0%b, 106% Mar 10 8 % Mar.
107% Jan.
10(»%a.
105%
Jam
132
Apr.
SVest
N.
Y.
A
Pa.—1st,
5
g.
1937
J
A
J
Mil. f. iko 0b. v W —l*t,6g. 1921 M A H 130 %b. 129% Jam
49% Feb.
1943 A A O 43 b. 44 Jam |107%
Extern A Imp., ><..........1929 F A A 113 b. i l l Feb. 114% Mar. I Gen. 2-3-is, gold
Mar.
J
107%
105
Feb.
101
%
Feb.
West.Un.Tel.—Col.
tr.
5s..
V.)
88
J
A
96% Jan.
Minm ASt-L.—1st :on.5s,g.l93 4 M A N 101 %
t46
Feb.
J
f
43
137%
Jan.
1937 J A
Mo. K. A E.—1st f », g^gm.19 42 A A O 90 b. 86 Jan. 9 4 Feb. Wise. Cent. Co. 1st 5 g
price a s k v l ; the range is made up from actual sales only. * Latest price this week. 1 Trust reoeipts,
Noir .—MbMindicate* price b id ;

NEW YORK STOCK EXCHANGE PRICES—tContinnoil).—I N A C T I V E B O N D S - A P R I L 10,
SECURITIES.

Bid.

SECURITIES.

Itailrn.nl Bonds.
*90

105

SECURITIES.

j Bid. I Ask

1925; 83 | 85
Con*, mart., Kola, 5a............ ,1988 92 ......
W. V,i. A Pitta.—l f t , K., 5a.. 1990 83 ........
...........
B . A O . H. W .. lat. ( ? . , 4 ‘a a . .. 1990; *97 !......
Motion. Kiver, lat,
g. 5a. 1919 ....... ' .......
Cent'l Ohio Roor.—lat, 413a .1930 101 ;......
.
Atc.&Oh.Jnac.—lat.g.oa.gn 1930 ................
. . . Brooklyn Elevated—2d, 5a.. 1915*....... 05
78
‘ 2 Seaside A B.B.—lat.g,5a,gu .1942 *70
! ....... n r o n s s v ie k A W 'n —1 s t, V. . ds 1938. ....... ....
B alt. A O hio—59, Kold...............

(Stock Exchange P rices.)

Alabama Mid.—1st, g., guar.. 1928'
A. T. A S. F.—2d, 4*, Class 6.1989
ChicagoA St. Lou.—1st, 0s. 1915
Col. Mid 1st. g . 6*............1936
Atl. A Pao.-2 d W. D., gn. 6s. 1907
Western Division income.. 19i O
Bait. AGhlo 1st.
Park R.1919

Ask.

; Bid. Ask.

Roch. A Pitta.—Gen. 58..1937 94 1........
Rocli. A p., 1st, 6a............. 19211 120 |—
Roch. A Pitta.—Cons.l9t,6s.1922 11612|11813
Bull'. A Snaqueh.—1st, 5a, g..l913 .................
Burl. Cedar Rapids A Noiv
1
!
58.....................
..... 1906, 107 1107*4
Consol. & eollat. trust, 5s.. 1934 *100 ........
Minn. A St. L —1st, 7a, gu.. 1927
............
■Bed. Ran. I. F. A X., Iat,6s.l920 *100 .......
lB la t,5 a ...............................192L *88 1........

Bnli.

THE CHRONICLE.

676
NEW f O B K

[V o l . L X U

S T O C K E X C H A N G E P R I C E S .— I N A C T I V E B O N D S — (C o n t i n u e d J — A P R I L

8E C U R O TB 8,

Bid.

ABk.

SECURITIES.

Bid.

Ask.

SECURITIES.

10.
Bid.

A6k.

.......
90
.......
100
101
102
90
.......
102
103

91
93
N orfolk A 8outh’ n—1st, 5s,g.l9 41 105 110
......... F.A.P.M.—1st, con. gold, 5 s ..1931
Pt. Huron D iv.—1st, 5 s ___1931
86
87
N orfolk A West.—General, 6 s .1931 118
Fla. Cen A Pen.—1st g. 5s___1918 .......
110
1st con. g., 5 s ........................ 194C ....... ” 82”
116
Ft. Worth & K. G.—1st g., 5 s ..1921
54
58
Adjustm ent M.. 7 s ................1924 102
Gal. Har. A San A nt.—1st, 6 s.l9 1 ( *....... 105
80
2d m ort., 7 s ........................... 190E 100 101
Ga. Car. A Nor.—ls,t,gu. 5s,g.l9 21 .......
Md. A Wash. D iv.—Ist,g.5s.l9 41 *66
“6 8 "
Cal. A O . D iv., e x t., g. 5 s .-.191$:
....... .........
BoanokeASo.—1st, gu. 5s, g.1922
G. B. W. A 8 t. P.—1st, con. 5s. 1911 ........
West. Pacific—Bonds. 6 s___1891
S cioto Val. & N. E.—1st, 4s,.1990 *83’ " 8 6 "
2d inc. 4s................................ 190t
No. Railw ay (Cal.)—1st, 6s. 1907
1*€
103*s 104%
*90 if _____ Housatonlc—Cons, gold 58....193'* 122*f
N. H aven A Derby, Cons. 5s..1911 112
Jhes. A 0 .—Pur. M. fund, 6 s .1898 n o 4 i f 105*2
*105
Hous. A T . C.—W aco A N. 7S..190S 125
Craig V alley—1st, g., 5s___ 194C *95
*108 109
Warm 8pr. V a l., 1st, g. 5 s ..1941
101
......... 103*2
Ohes. O. A So. West.—1st 6s, g.1911
Gen. g .,5 s ...............................1937
86
Debent. 6s, prin7A int. gtd.1897
85
50
Sd, 6s
.................................1911
Omaha & St. Louis.—1st, 4 s ..1937
Debent. 4s, prin. A Int. gtd.1897
80
O h .V .-G en .con .lst,gu .g ,5 s.l9 3 £ ___
Oregou & Califor.—1st, 5s, g.1927
82
76
Chicago & Alton—8 .F ., 6 s___1903 *116*s
Illinois Central—1st, g., 4s ...1 951 107*1
Oreg. B y A N a v .—Col. tr. g..5s.l919
108%
ioufs. & M o. R iver—1st, 7S.190C 107
Penn-P.C.G.ASt.L.Cn.g.4%sA1940
Gold 4 s....................................1952 100
Do
do
Series B ......... ......... 108%
2d, 7s
................... 1900 106
.........
St.L. Jacks. A C M o —2d, 7a, 1898 103
P .C .A S .L .-lst,o.,7s................190C
104
105
Springf.
D
iv.—Coup.,
6s___189£
Mlss.K. Bridge—1st, s. f., 68.1912
Pitts. Ft. W. & 0 —1st, 7 s ...1912
*101 104
2d, 7 s .............................
1912
Ohio. Burl. & Nor.—1st, 5s___ 1926 102% 103*2
C. St. L, A N . O —Ten. 1., 78.1897
3d, 7 s . . . ...............................1912 127 130
1st, consol., 7 s.................... 1897
Ch.8t.L. AP.—1st,con.5s,g... 1932 114
Ohio. Burling. & Q.—5s, 8. f . .1901 102is
*120%
Clev. & P .—Cons., s. fd ., 7 s .1900 117
Iowa Dlv.—Sink, fund, 5 s ..1919 *105
97*2
Gen. 4% s, g., “ A ............ 1942
1919 *96
Sinking fund, 4 s ............
Plain, 4 s .................................. 1921 w*88
Ced. Falls A Minn.—1st, 7a. .1907
90
St. L. V. A T. H.—le t , 6s., 7s. 1897 *101*2
107% Ind. D. A Spr.—1st 7s, 1906, trus
Chicago A Iow a D iv.—5 s .-.1905
2d, 78.................................... 1898
98%
97
Cnic. A Indiana Coal—1st 5s. 1936
28
*25
Ind. Dec. & W.—1st, g., 5s___1935 ICO 101*2
Chi. Mil. & S t.P .—1st,8s,P.D . 1898 107
G d.R .A I.E xt.—i"st,4*28,G.g. 1941
3d, 7 3-10s, P. D ...................1898 *125 127
Ind. Ills. A Iow a.—1st, g, 4s.. 1939
P eo.A E .-Ind .B .A W .-lst,pf.78.1900
ist, 7s, $ g . , R . D ................... 1902 127 128
Ohio End.AW.—lstp re i.5 s .-1 9 3 8
Peoria A Pek. Union—1st, 6s .1921 i n
1st, I. & M .,7 s ...................... 1897 125 126*4 Int. A G. N’n.—3d, 4s, g ........ 1921 *20
49
2d m ortg., 4^38...................... 1921
1st, I. & D.; 7 s...................... 1899 125 126*4 Kings C o.-F .E l.,lst,5,g.,gu . A. 1929
71%
1st ,C. A M .,7 s ...................... 1903
Lake Erie & W est.—2d g., 5 s .1941 102*2 103*4 Pitts. Cleve. A Tol.—1st, 6 s... 1922
1st, I. A D .E x te n s io n ,7 s ... 1908
North’n OMo—1st, gu. g. 58.1945 *102 104
Pitts. A L. E r —2d g. 5s, “ A ” . 1928
110%
Pitts. Me. K. A Y .—1st 6s___ .1932
L. 8. AM . Sou.—B .A E .—N e w 7 s .’98 104*2
125”
1st, H .A D ., 7 s ..* ................1910
1Pitts. Painsv. A F .—1st, 5 s ... 1916
Det. M. & T.—1st, 7s ...........1906
«8t, H. A D ., 5s.....................1910
Pitts. Shen. A L .E .—1st,g.,5s. 1940
Lake Shore—D iv. bonds, 78.1899
87%
Ohicago A Pacific D iv., 6 s .. 1910 116*«
Kal. A ll. A G. B .—1st gu. 5S.1938
.......
105 106
Pitts. A West.—M. 5s, g.1891-1941
Mahon’g C oalK K .—1st, 5 e .1934
"so"
0. & L. Sup. D iv.. 5s............ 1921 109 110
103” Pitt8.YT’g8t’nA A .—1st, 5s,con .l927
Lehigh V.,N .Y.—1st gu.g.4%8.1940
Fargo A South., 6s, A s s u ...l9 2 4 110
109*s R io Grande So.—1st, g., 5 s ... 1940
Lehigh V .Term .—1st gu, 5s,g.l941
<nc. conv. sink, fund, 5 s___ 1916
Lehigh V ’y Coal—Ist5 s,g u .g .l9 3 3
Dakota A Gt. South., 5s___ 1916 107 108
Kan. C. A Omaha—1st, 5 s ..1927
IJtchf. Car. A W est.—1st 6s. g.1916
Mil. & Nor. m ain line—6 s ... 1910 116 118
Little B ock & M.—1st, 5s, g ..l9 3 7 *25 ........ 8t. L. A. A T. H .-T e r m . 5 s ..1914 105 1 0 6 ^
Ohio. ANorw.—30-year deb.5s.1921 *108is 110
Bellev. A So. IU.—1st, 8 s ...i8 9 6
Escanaba & L. S. 1st, 6 s ....1 9 0 1
*90
104%
T >sM . & Minn.—1st, 7 s . ... 1907
Gold 4s....................................1932
Chi.St.L.APad.—1st,gd.g.581917 *
*116
N. Y. A R ’w ay B.—1 st,g. 58.1927 - l o i
8t. Louis 8o.—1st, gd. g. 4s. 1931
85
do
2d in com e,5s. 1931
70
35
42 %
Ohio. & M ilwaukee—1st, 7s. 1898 105*2
Car. A S haw t.—1st g. 4 s . ... 1932
Win. A St. P .—2d, 7 s............ 1907 124 129
N. Y. AM an. Beach.—1st, 7 b, 1897 *100
84
St. L. A S. F.—2d 6 s,g., ol. A . 1906 *115 ii*6 *
MU. & Mad.—1st. 6 s............ 1905 111 115%
N .Y.B.AM .B.—1st con. 5s,g.l9 35 *100
Ott. C. P. A St. P.—1st, 5 s. 1909 *105*2
BrookEnAMontauk—1st,6s.l911
95
1st, trust, gold 5s............... 1987
106 107%
1st, 5 s ..... ............................ 1911
87*2
Mil. L. S.AW.—C on .d eb.,5s.l90 7
No. Shore Br.—1st con .5 s,g.l932
Kan. City A S 1st, 6s, g . . . 1916
Ft. S. A V .B .B g .- l s t , 6 s ...1910
Loui8.Evans.ASt. L.—Con.5s.1939
Ashland D ivision—1st, 6s 1925 ....... ......... Louis. A Nash.—Cecil. Br. 7s.. 1907 104%
Kansas Midland—1st, 4s, g.1937
Ch.R.I. AP—D.M. A F .D .l st 4s. 1905
E. H . A Nash.—1st 6s, g ___ 1919 *
117% St. Paul City By, eon. 5s, g .,.1 9 3 7
89
64
105
89
Extension, 4 s.....................1905 *.......
St. Paul A Duluth—1st, 5s___ 1933
8t. Louis D ivision, is t , 6 s... 1921 115
2d m ortgage 5s...................... 1917 100 103
62
Keokuk A Des M .- l s t ,5 s . .l 9 2 3
2d, 3s....................................1980
io iS
St. Paul kfinn A M.—1st, 7 s ..1909
CMo. St. P. & Minn.—1 st,6 s ...1918 *126
Nashv. A D ecatur—1 st,7 s .. 1900 10a*s n o
8t. Paul & 8. C.—1st, 6s....... 1919 126 127
S. f.,6s.—8. A N. A la .............1910
2 d m o rt.,6 s.............................1909 116
125
Ohio. & W. Ind.—1st, s. f., 68.1919
M inneap. Union—1st, 6 s___ 1922
General m ortgage, 6 s.......... 1932 116
Mont. Cen.—1st, guar., 6 s ..1937
Pens. A A t.—1st, 6s, g o ld ... 1921
99*2 100
115*2
1st guar. g. 5 s .....................1937 *
102
Chic. & West. M ich.—5 s.........1921
100
East. M inn., 1st div. 1st 5 s .1908 104*2
Oin Ham. A D .—Con. s. f ., 78.1905 *116
L.AN. & M.&M.—1st,g.,4*281945
2d, gold, 4*28..........................1937
W ilm arASiouxF.—1st, g ,5s.l9 38
106*2
Nash.Flor.AS.—1st, gu., 5s. 1937
80
San Fran. A N. P.—1st, g., 5s,1919 ‘ l i o
Oin. D. A Ir’n—1st, gu. 5s, g.1941
Kentucky Central—4s, g_. . 1987
90
114
109
89
Sav.Fl AWest. -1 s t, con .g .6s.l934 *110 114
Olev. Ak. A Col.—Eq. & 2d 68.1930
Lou. &Jeft. Bdge Co.—G u .g,4s. 1945
a C. C. & 8t. L .—Gen., g. 4 s .. 1993 *86”
110
Lou.N.Alb.ACh.—G en.m .g.5s.l940
*73*2 Southern—Ala. Cent., 1st 6s. 1918 * lc 6
A tl. A Char.—1st, pref., 7 s.. 1897
Cairo division, 4 s ................. 1939
Memphis A Chari.—6s, g o ld .. 1924 *30”
Incom e, 6s..........................1900
Bt.Lou.Div.—1 stool. ts’t4s,g. 1990 *93 J* 95
101 103
Colum. A Green.—1st, 5-68.1916
Spring. ACol.Div.—1st,g. 4s. 1940
M exican Cent. Consol.—4s, g.1911
E.
!'eon. V. A Ga.—DivTs.Ss 1930 110
WMteW.VaLDiv.—lst,g . 4s. 1940
........
Rioh.& Dan.—Eq. s. f. g. 5s. 1909 *97*2 93*2
Cin.Wab.AM.Div.—lst,g.4s,1991 *90
93*2 Mex, International—1st, 4s,g. 1942
Deben. 5s, sta m p ed .........1927 *100 102
Oin. I. St. L. & C —lst,g .,4 s.l9 3 6
M exican National—1st, g., 6s. 1927
Vir’ a Mid.—Serial ser.A, 6s. 1906
........
Series B, 6 s..........................1911
Oin.8an. AC1.—C on.lst,g.5s, 1928 io e "
*7
8%
Series C, 6s..........................1916
C. Col. Cin. A Ind.—1st, 7s,s.f.l899 *107*2 109%
Series D, 4 -5 s .....................1921
Consol, sink, fund, 7 s.......... 1914
113*2
Series F, 5 s..........................1931
101
Cin.ASpr.—1st,C.C.C.AL7S.1901
W asb.O.AW.—1st our.gu.4s.1924
Cleve. Lorain & \Vh.—1st, Ss.1933 104*2 106
80
Bat.C.AStrgis.—Ist,3s,g.gu .l989
Oleve & Mah. V.—G p'd. 5 s. . . 1938 117 121
Minn.A St. L.—1st, g. 7 s .........1927 140 145*2 Ter. A s’n of St. L.—1st, 4*28.1939
Del. Lack. A W .—
1st, con. g. 5 s.............. 1894-1941
103
Iow a E xtension, 1st, 7s.......1909
128*2
St.L.M er.Br.Term .,g.5s,gu..l93u
Mort. 7 s.................................. 1907
128*2
128*2
Texas A New Orleans—1st,7s. 1905
8yra. Bing. & N. Y .—1st, 78.1906
117
Saoine D ivision, 1st, 6 s ....... 1912 *100
Morris & E ssex—1st, 7 s___ 1914 *143
Mo.K. A T ex.—1st, ext., 5s, g.1944
Consol. 5s, g ........................... 1943
80
114 117
M o.K.AT.of T ex.lst,gu .5s.g.l9 42
95
Tex. A Pac., E. D.—1st, g. 6s. 1905 *105
7s o f 1871........................... 1901 *113 117
Kansas City A P., 1st,4 s ,g ..1990
67% 70
1st, eon., guar., 7s............ 1915
Third Avenue (N.Y).—1st 5s, 1937 120 123
Dal. A W aco—1st, 5s, g u ..,.1 9 4 0
80
139*2
Warren -2d, 7 a .....................1900 111
T.AO.C.—K an .A M ., Mort. 4 s.l9 9 0
M issouri P a cific—Trust 5 s ... 1917
82
Tol. P. A W.—1st 4s,inc.f’d.co u. J uly
65
D AH.Can.—P a.D lv.,coup.7s.l917 142
55
78
Ulster A D el.—1st, con .,6.,5s. 1928 102 103%
A lbany A Susq —lst,gu.,7s,1906
St L .A I. M .~ £ rk .B r.,lst,7 s.l8 9 5 102 105
Union
Pacific—1st,
6
s.............
1896
1st, cons., guar., 6s.......... 1906
M
obile
A
Ohio—1st
ext.,
6
s...
1927
104
113*2
iff*
112*2
Kens. A Bar. 1st, ooup., 7s.l921 145
82
88
*104*4 104%
1st, 6 s..................................... 1899 104*2
Denv. Tramway—Cons. 6s, g .19 10
M organ’s La. A T.—1st, 6 s .... 1920 115
Collateral Trust, 6 s..............1908 *96
Metropol. By.—lst.gn . g.6s,1911
1st, 7e......................................1918
Collateral Trust, 5a..............1907 *71
Denv. A B. G.—Im p .,g ., 5 s . ..1928
89
Nash. Chat. & 8t. L .—2d, 6 s ..1901
Kansao Pacific—1st 6s, g ...l 8 9 5 107*2
Det.M. A M .—L. g. 3%s,ser.A.1911 *18 is 20
N. O. A. No. E. ~Pr. 1., g., 6 s ..1915
1st, 6s, g ...............................1896 '107*2
Det. & Mack.—1st lien, 4 s,g .. 1995
N. Y. Central.—Deb. g. 4s___ 1905 102
C. Br. U P —F. 0., 7s.......... 1895
N. J. June—Guar. 1st, 4 s...1 9 8 b 100
Ateh.
Coi. A Pac.—1st, 6 s ...1905
Duluth A Iron Range—1st 58.1937 102
38
Beech Creek—1st, gold, 4 s .. 1936 *105
Ateh. J. Co. A W.—1st, 6 s... 1905
Erie—1st, extended, 7 s.......... 1897 105
39
Osw. & Borne—2d, 5s,g.,gu,1915
U.
P.
Lin.
A Col.—1st,g., 5s. 1918
2d, extended, 5s..... .............. 1919 110
Utica A Bl. Kiv.—4s, g., gu.1922 *103
33*4 35%
3d, extended, 4% s..... ........... 1923 106
Oreg.S.L.AU.N.,col. trst.,5s.l919
31
N. Y. & Put.—1st, g., 4s, gu.1993
4th, extended, 5s...................1920 112*2
Utah A North.—1st, 7s........ 1908
N. Y. N. H. A H .—1st, rev. 4 s .1903
5th, extended, 4e...................1928 102
Gold, 5 s___ ....................1926 100
N. Y. A Northern—1st, g. 5 s.. 1927
1st, con., g,, f ’ d, 7 s ..............1920
Utah Southern—Gen., 7s -.1909 *65*4
73
134’ N. Y . Susq. & West.—2d, 4 % b.1937
Extern, 1st, 7a...................1909
B. N. Y. A E.—1st, 7 s .......... 1916 *131
Gen. m ort., 5s. u................. 1940
69
68
9ufl. & 8. W.—Mortg. 6s___ 1908
W ilk.& East.—1st, gtd.,g.5s. 1942
85*2 Valley R’y Co. of O.—Con. 69.1921
Wabash—Debenture, Ser. A ..1939
Jefteraou—1st, gn. g. 5s ....1 9 0 9
74
Northern Pac.—Divid’d scrip ext.
65
Debenture, Series B ............ 1939
Coal A R B .—6s...................... 1922
25
Jam esB iver Val.—1st, Os...1936
Det. A OMo. E xt. 1st, 5s, g .,1 9 4 0
Dock A Inapt.,1st 6e, cur’cy.1913 106
Spokane & Pal.—1st, 6s.......1936
94
98%
E 'a r s . A Terre Haute —
at L.K.C.AN.—St.C.Bdge69.1908 105
8t.Paul & N. P.—Gen., 6 s.. 1923 *123
1st, cons., 6s..........................1921 108% 109
West N .Y.A Pa.,gen.g. 2-3-4S.1943 *43
44“
HelenaARedM ’n—lst,g ., 6 s. 1937
10
1st, general, g., 5 s ............... 1942
14%
*14
DulutliAM anitoba—lst,g .6 sl9 3 6
Mt. Vernon 1st 6 s ............... 1923
West. Va. C. A Pitts.—1st, 6s. 1911
98%
Dul.AM an D a k .D iv .-lst6 s.1 9 3 7
75
SuL Co. Br. 1st, g., 5s.......... 1930
98%
Wheel.AL.E.—1st. 5s, g o ld ... 1926
Coeur d’A lene—1st, 6s, g o ld .1916
Evans. A Indian.—1st, c o n s.. 1926
90
E xtension A Im p, g., 5 s .....l9 3 0 i"
Gen. ls t .g ., 6s.....................1938
i lint A P. Mara.—M ort., 6 s ... 1920 113
10
Wis. Cent. Incom e 5 s ..............1937 *
115
Cent. W ashington—lst.g .,68.1938 41
O. O h io -C o l. A C ln.M .lst,4% s.l93£
Cent. KB. A B a n k .-C o l. g .5s,193’;
Cent, o f N. J.—ConT. deb., 68.1901
Cent Pacific—Gold bonds, 6 e.l8 9f

* No price Friday; these are the latest quotations made tills week. If o r .tJLUaelianeo as a ad U n listed B o n d s .—See 3d page preoeding.

April XI, 18U0J

THE ( HRQJNHJLF.

677

Latest Gross Earnings,
Jan. 1 to Latest Bate.
\W eehorM o
1896.
1895.
1896.
1895.
AKB
|
S
Ind. Deo.&West, 4th w k Dec
14,146
475,188
427,084
Ind. 111. & Iowa. February..
67.183
156,632
139,115
I n .* Gt.North'n 1st w k Apr
62,258
818,718
903.349
tln teroo. (Mex.) Wk Mar.21
41.615
512,476
556,113
Iow a C entral,... 1st w k A pr
27,565
538,824
393,518
Iron R a ilw a y .. - M arch.......
4,608
12,573
12,195
T h e f o l l o w i n g ta b le s h o w s th e g r o s s e a r n in g s o f U n it e d Jack. T .& K .' W . February..
46,739
59,201
119,660
S ta tes r a ilr o a d s (a n d a ls o a f e w M e x ic a n a n d C a n a d ia n roa d s) Jamest’n &L. E. Septemb’r.
4,362
31,243
33,749
Kanawha&Mieh
12,451
115,947
91,121
f o r th e latest p e rio d r e p o r te d . T h e s ta te m e n t in c lu d e s e v e r y K.C.I’.Soott&M. 4th wkMar
4th wkJlar
104,453 X,084,032 1,034,177
fcTEAJ! to a d f r o m w h ic h r e g u la r w e e k ly o r m o n t h ly retu rn s K.C.M em .&Bir. 4tli wkMar
22,488
296.340
241,045
Kan.C.
ST.W
....
c a n b e o b ta in e d . The first t w o c o lu m n s o f fig u r e s g i v e th e
March.
21,700
64,365
56,380
K an.C .* Beat. M arch . . . .
503
g r o s s e a rn in g s fo r th e la te st w e e k o r m o n t h , a n d th e last t w o K.C.
„ „ P itts.&
„ G
Kr.
757
1,026
ith wkMai
14,007
151,500
123,417
c o lu m n s th e e a r n in g s to r th e c a le n d a r y e a r f r o m J a n u a r y t to ; K an .c.S ub. Belt 1st w k A pr
3,506
68,720
49,145
a n d in c lu d in g s u c h la te s t w e e k o r m o n t h .
Keokuk & West. 3d wkMar.
6.401
88,021
72,712
March.
6,792
18,147
21,096
T h e r e t u r n s o f th e s tr e e t r a ilw a y s a r e n o t in clu d ed in th is ; f c i r i ? * w S r t ? ) Uh wkMar
93,150
842,694
825,373
ia b le , tm t a r e l r o u g h t t o g e th e r s e p a r a t e ly o n ct m b s e o u e n t n o n e K h i g h * H a d .. M arch.
33,015
97,538
102,096
-------------------- --------------------*
1
• ; L ex’ gtonA E ast. February..
10,578
32,142
25,540
Latest Gross Earnings.
March.......
Jan. 1 to Latest Bate. J
267,668
637,403
660,569
Roane.
March
15.911
23,860
46,759
Louin,Ev.ASt.L. ith wkMar
j Week or Mo 1896.
1895.
1896.
1885.
39,071
375,435
3 8,388
toaisv.& n a sh v. 4th wkMar
531.244 4,875,552 4,576,151
-Louis. N.A.&Ch. 4th wkM
______
9
1
8
ar
S
S
I
84.531
713,151
655,435
A dirondack....... February.
16,103
Lon.St.L
&Tex.
M
arch.......
20,143
28,263
40,646
32,077
105,625
91,239
A ia .G t. 8o a t a ... ttli wkMar
33,053]
36,257
358.645 M a c o n * Blrm ...'February..
342,890
5,979
13,314
12,401
Ala. M idland... F ebruary..
54,8081
37,079
l l !» ,t 3 i
84,119 ; M a m e a q a e ^ ...,M a rch .......
11,307
33,408
30,369
A llegheny VaL. [February..
171,823 169,053
300,339
345,722 MemphisAChaa. ;;,j Wk Mar.
17,394
304,959
225,050
Ann A r b o r ..... * U t wkApr.j
20,833
18,545
239,899
260,268 LMexioan Cent.. ith wkMar
278,648 2,466,361 2,317,104
a t k . M idland— January. - . j
3,503!
9.023
8,502
9.023 M exican InteFl. Jam uiry...
196,916
234,547
196,916
A ton .T . & 8.F e February..
" ‘
2,208,052 2,068.703 4,693,616 4,303,645 j XMex. National. ; « h w ld la r
124,578
1,161,292 1,032,975
A tlanta Sc Char. February,
.743! 107,
256,169
233,713 : M ex,N onnera,.!F ebruary.
45,753
149,177
87,861
Atlanta <fe W. P« Jaatiary..
30,9 U
41,023
50,91Si
41,025 5IM exlcanB ’ way vvkMar 21
70,872
736,793
797,707
Allan. A Dan y . ith wkMar
10,537
12,899
127.047!
114,027 Mexican So....... 3d wkM ar,
8,390
117,975
104,348
Augnetagim t'ii. February.. ‘
8.197!
3,331
13,440’
6,873 lUnneap A »t,L. Ist w k A p r
29,574
494,194
408,233
Austin * N ’ w w January...
20,600
17,267
20,600
17,267 ] M-&t.P.AS.St..M. 4th WkMar
56,049
786,984
529,087
Balt.Obes.A Ati. fFebni&ry..
Mo. Kan, * T ex. 4th wkMar
11,224
49,292
38,019
291,879
2,821,651
2,678,815
B*AO.Ba»s Linew.J aim ary .,, 1 ^ 85‘,877 1.229^19 1,335,877 1,229,219 Mo.Pac.&lronM it h wkMar
681,000 5.255.000 5,075,306
Weatera U a m ]j&n m iry..
443,0158 489,216
Cmitral Br’ch. ith wkMar
443,069
17,000
169,210
168.000
136.401
T o ta l.. . . . . . . {January.. 1,828,945; 1,698.435 1,829,945 1,698,435
638,000 5.423.000 5,211,707
x, > n0laJv,-........ Uh wkMar;
■ aL A O .S ou'w it h wkMar
> « * Blrm.. ith wkMar)
1,498,517 1,533,950
6,775
72,492
68,985
Btntfor&Aroost.
iOl.aiil
283,612
883,302
102.645 M o b ile * O h io ..M a rch .......!
785,314
Bath A Haui'nd*
MonLAMex,Gif. December,
2,047
1,635
1,211,444
1,099,378
B!r. 4 A tlantic..
5,380
3,882 i ash. Oh. A Bt. L. Februjiry
340.832
882,936
723,636
B rooklyn Kiev..
494,115
629,943 Nevada Central. February.)
1,983
3,638
3,439
Brunaw's.k West
N
.Jeraey&
N
.Y
.
D
ecem
ber.!
532,008
27,249
350,543
538,180
331.401
Bull. K och .* Pitt
New Orl. ASo-n. iDeeember.
757,760
733.135
12,663
102.465
89,026
Bar. O. Rap, AN
1,149,362
:
V v c 4 ? ’ , ? - M arch....... 3,708,993 3,718,420 10,484,600 9,835,818
Camden & A n ..
---------““
82,224
95,744
92,346
751,174
74,978 N .Y .O nt- * W it h WkMar
803,351
Canadian PaeJflr
4,291,053 3,350,327 S ' h 8, W ’ S ' v •• F ebruary.. 144,168 157,984)
322.663
358,841
C ap eF .A Y ix tV .
Norfolk & W est-itth wkMar 201,532 209.266 2,770,973 2,343,359
Oar.M idtaod. . . . IFebruary.
6.105
5.018 Nortlie’rn (Ga,)- January
-1,567!
6,105
4,567
Cent, o f Georgia February.
142,778 418,888
787,669 North’n Central February
953,987
939,478
Central o f K j . February.
1,646,108 Sorth’ n Facrno. 3d wk Mar. 305,484 303,720! 3,177,057 2,745,050
Central P acide.. J a n u a ry ...
2,936
1,470
786.905 Ooonee as W est.: February..
5,892
3,280
Chirr. Cl. A Hut.. February.,
13,454
19,346
4,205 Ohio E lv e r ..— . tthw k Feb)
211,684
146,934
Charles t'nAdav. February,
Ohio E lv .* Chat March
- 17,898
18,503
101,815
44,407
Ohee. & O h io..
ith wk.vf.tr
03,255
64,244
2,237,206 Ohio Southern. March
188,610
l i f e
C hee.O .* 8o. W Mat eh
539,441 Oregon Im p Co.;January... i 244.205 262,576
244,205
262,576
C ole.B ur AO.rt February..
Paeltte
M
ail__
_
February'.
;
343,897
334,361
4,565,440
671,124
617,371
C h ic .* East. Ill ith w k 'fa r
Pennsylvania.^. F ebruary.)1.1,646)034 4,419.634 9,639.905 9,097,905
908,087
(A te. a t , W o rts 4th wkMar
20,325i
22.050
779,258 PearlaDeo.AEv. Iitii wkMar
216,595
223,432
Chic. M IL* M.B l i t wk A p r
37,218
91,940
0,377.608 Paterebarg. . . . February .1 45,084
75.957
Chlc.Airrthw'n. February, .j 12,384,172) 1,892.818
Phila,
*
Erie
...J
a
n
u
a
r
y
...’
289.095
249,160
289,095
3,827;178 Phi hi Ar pAfl<i*cr PnW,.,™,
249,160
Ohla.Peo.A st.i, ith wkMar
Phils. A Eead’g . IFebruary.. i1,350,306 1,444,842 3,075,759 3,013,150
21,013
16,170
209,050
O b lc .R -k l.A P .. Starch.. . . . 1,275,681; 1, 197,930
Coal & Ir. Co... jF ebruary.. 1,504,341 1,975,227 3,357,792 3,868,184
3,333,249
Cale.8t.PM .AU February,
561,H12 443.584
Total both Cos. jFebruary.. 12,854.647 3,120,069 6,433,551 6,881,334
907,611
Ohio, * W. Mich ith wkMar
B
LEeaxl.'iic- N.E. TlABBTnhftp
33,592:
370.25!)
I
Ph.Read.l&N.E.;1
December. ! 62,598'
61.95-*
768,963
4-4,8 *i
679,126
Ctn.Qa. S p o r t s March
4,591
13 443 Pltta.C.C.*St.E !February. 1,179,294 1,084,173 2,405,839 2,191,980
4,854
Oln. J a c k .* Mac. Ith wkMar
Pltw .M ar.A C h March . . .
18,100
11,081
3,381
3,358
10.266
9,918
Uib .J '. o . s T. P March ___ 281,59'“ 28-3,330
P itt.8h en,*L .E . 4th wkMar
14,232
13,202
139,191
104,807
N, O r l,* N . £, 2d wk Mar.
Plttsb. * West., it h wkMar
26.000
43.706
23,00*1
39,300
344,451
315,240
Ala, A Viekah. 2d wk Mar,
Pitts. C l,* T o i. it h wkMar
10,000
22,609
174,414
10.00*'
21,718
181.836
VlcKs.Sh. * P. 24 wk Mar.
Pitts. Pa. & F, 4th wkMstr
8.001'
6.732
8.449
48,834
8 ,00*1
52,040
O n . Porta. * V. M arch.......
Total system.. 1st wk A pr
23,242
30,034
47.263
614,967
10,273
599,150
Ciev.Gan. * » o . , ith wkMar
Plfct.Younk.AA. February..
67,013
17,471
138,627
1-1,795
81,030
154,801
Ci.Otn.Cl>.* St. t. 4th wkMar 317,018 354,805
Quincy o .A K X . M arch .......
20,433
72.183
58,449
21,926
Fee, * Esat'r, February., 139,190 127,721
B ioh.Fr'ksb,*P, jFebruary..
54.707
49,755
109,615
103,953
Cl. L o r .* Wheel. 4 th wkMar
Rioh. A Petersb. F ebruary..
31,629
2 2 ,2 1 2
26,062
54,643
45,929
30,832
Co!, M idland— February.
Rio Or. Soutn'n ’ithw kJIar
140,750 109,032
8.684
11,184
103,861
84.465
OoL H . V . * Tot March
Bio Gr. W est'n.. 1st wk Apr,
38,700
38,000
529,270
209,687 175,129
481,290
Col. Sand’y A 11 4th wkMar
Sag.TusoolaAH.
|
M
arch.......
|
17,818
2-1,630
8.685
8,226
26,615
10,755
Colusa * Lake . M a r c h .....
8ag. Vai. * 8t. L. February,.)
6,401
12.993
700
1,300
6.051
12.324
Q ryrtal.........— J aim ary. .
St, L. A. & T , H. ’ lth wk Mar
1,178
34,920
33.050
322,108
322,991
1139
Cuuii.'lM Valley. February..
8t.L.Ken'etASo. M aibb.......1
4,879
87,198
13,156
50.991
8,413
2.479
Denv. A R io Or 11st wk Apr 124,200 109,300
St.L.ASunFrau. February..) 483,470 113,404
976,326
866,623
1M* M. A Kan. Q.:3d w k Mar.
et.L.8outhw’rn. 4th wkMar: 111,500 131,400 1,229,800 1,246,300
2.3*15
1,904
lies M. N. A VV.. (M arch.. . . .
6 1. Paul A Dul’t b ' March....... ) 103,693
37,921
292,236
269,322
98.531
25.765
Det.Laas’gASii. Uh wkM.ti
c.tji A n t.A A .P - January.. J 143,781 194,5091
23.770
143,781
194,509
28,629
Get. * Mackinac j February..
8.Fran.A
N.Pao.
42,001
49,724
March
57.503|
146,978
144,681
20,937
Dai. A tr’ n Range) November. 100,098
B av .F ia,* West. February,
235,130 256,040
588.779
575,170
58,842
DflintfaheaAAlL ■Uh wkMar
Sher.Burev,* 80 3d wk Mar.
41,970
62,770
6,ISO!
3,374
77,289
4,8,537
Elgln.J ol.AHaftl |M a r c h ;... 134,195
811. Sps, O. & G February,.
14,966
30,442
13,790
25,212
9*,H57
Sllverron.......... . January...
&ri©.,.
.......fFdWttary.. 2,122,079 1,070,215
6,300
6,300
1.604
1,604
Eamk% springs, j an nary,..
tso.llaven* East M arch..
3,626
4,796
2.349
1,487
1,328
4,818
Erjfcns.AlnU'pu- ith wkMar
80. Pacillo Co,—
8,720
7,585
Brans, <& Rich. Iith wkMar
Gab l iar. A 8. A January... 474,563 383,458
2,313
474,563
383,458
2,536
Rv'ikttwv. dt T. B , ith. wkMar
Loula'a West.. January.
96,497 129,126
96,497
129.126
27,748
26,034
Morgan’sL&T J anuary.
wttakhum. , :-w.i F,0l>mar>‘- - 491,042 479,584.
509,540
702.591
509,510 702,591
Flint a? F .Marti.; ith wkMar
S.Y
.T
.
A
M
ex.
15,744
15,744
January.
23,168
23,168
77,853
78,237
Ft. W' th*t. FJru.C, jJ iim ia rr,,.
Tex. AN. Orl.. January.
128,106
74,601
158,541
128,106 158,511
90,610
FLW, m Rio Or. Ith svfcMat
Atlantiosys.h.
7,649
1,438,836
1,211,486
1,241,486
1,438,836
J anuary...
10.584
8*4*» 4? Att. U J February..
Pacltio system ,January. 2,383,488 2,148,082 2,383,488 2,148,032
799
533
Georgia R R ------ j Uh wkMar
Total of all.. January. 3,621,974 3,586,918 3,624,974 3,586,918
33,706
30,002
G eorgia A A la .. (M arch____
So. Pac. o f Cal January.
692,931
790,098
799,098 693,931
11,262
34,737
0a.Ua.rila Sc Ho. February. H 76,890B 54.932
So.Pao.of Arlz January.
217,977
187,475
217,977 187,475
O eo.S o. & F I* ..;M a r c h ....J
o s ,-d o
82,062
82,062
8o.P ao.of N,M January.
103.043
103,043
02,0871
Or. Rap. « in.;, ith wkM ,i
151,980
Northern Ry,_ January,
153.080 141,467
141,467
55,420
64,123’
OIn.R.&Ft.W : Uh WkMar!
Southern B y ... ith wkMar 477,897 4 7 3 ,0 ,4 4,650,505 4,274,680
12,227
13,130!
Ira v cre, C ity ,’ I Mi wk.Mnt!
Spok. F’ls&Nor. February.
51,781
33,175
14,543
26,005
1,109
1,391
Mas, O. E. * l 4th WkMar'
Staten IeL R. T. January,.
68,767
64,158
64,158
68,767
3.916;
4,662
Tot. all lines if.il wkMar;
StonyCl.&CMt..
2,107
2,344
947
995
February.
72,672!
83,312
Grand T ru n k ... W kM »r. 3 l; 443,444 4 3 9 ,0 6 1 4,047..! 13 3,992,302 SummitBraneh. February,.
154,404
90.240
67,709
194,4«8
Okie. A t i t . Tr. Wk Mar.21
Lyk.
Val.
Coal
152.592
150.477
67,814
07.897
F
ebruary..
«»J880i
742,316)
562,970
32,501
Gf.t-Gf.H.A M Wk Mar-si;'
347,087
304,881
Tot’l both Co’s February.. 135,606 158,154
16,207,
189,292
135,270
10,093
0 5 1 / * Ciiioago. jM atch. . . . . !
2,8301
10,570 Texas & Pacific. 4th wkMar 162.215 194.733 1,615,243 1,723,534
10,064)
3,705
Great North’n • <
Tsx.S.ValAN W February..
7,363
2,882
5,835
2,381
Bt.P. M. A M , March . . . . 1,102,121 019,480
421,510
26,079
458.930
31,280
2,293,364 roL&OhioCent. 1st wk A pr
B e*t o f M ian., M arch.. . . . . 181,7291
253.044
229,733
17,921
r o l.P .& West.. 4tU wii Mar
23,283
84,425:
52,090
M ontana Cent- M arch.......! 151,630
461,252
370,668
52.000
450,173
rol.8t.L.*K,0. 4th w k ilar
132,02'.
T ot. sy»te*n. M a rch ___ 1,385,1-'ll 1,138,532
19,272
46,823
41,905
22,660
2,908,043 Ulster * D el___ February.
rroo-.Tun.A Wii. Marc'n.....
Union
Pacific—
1353
1,720:
1linik. ATe x .C eu.Jam uiry... 273,532; 316,11
937,328
970,520 M
0n. Pac. B B .. January..
937,328 970,520
273,532:
ruh.......
II .000
386,700)
330,462 *
386,700 330,102
O r.S.L.& U .N January..
Illinois Central March ___ 1,570.695 1
48,247
48,903
48.247
48.903
St. Jos. AGfl-Ie January.,
5,033)322

J u u c s tm e n t

R oads ,

R a i lr o a d In t e llig e n t * *
RAILROAD

EARNINGS.

IW

678

THE CHRONICLE.
Latest Gross E arnings.

BO ADS

Week, or Mo

Un. Pao.—Con.

Jayi. 1 to Latest Date.

1896.

1895.

1896.

1895.

*

S

*

*

Kan.C.&Om January...
8,972
8.972
6.446
6.416
146,342
148.574
Tot.8t.J.& G.I 3d wk Mar.
12 505
15,151
135,934
2 2 (ooi
17,0u0
Cent.Br........ o 4th wkM ar
171.333
Aoh.Col.&P. l
25,416
20 601
25,416
20.601
Aoh.J.O.A W s January...
41,934
Cen.Br.&L’dL, January...
62,338
41,934
62,338
1
554.601
1,504 122 1.554 601 1,501. '2 2
Gr’ d total.*! January...
444.731
447 150
U. Pao. D. & Q February. - 206,768 206 0 ‘7
Wabash............ 1st wk Apr 205.821 213 879 3,11 L.262 2,979,8 S3
23,683
19,13
19.138
Waoo ifeNorthw January...
2 3 ,.8 3
80,240
163, u O
181 9 (4
89,56:
West Jersey...... February..
2 2 1 ,6 '7
273,0 0
84 319
W.V.Cen.APitt* M arch....... 102,449
22 917
West Va.&Pitts January...
27,534
27,5 4
22 917
40,880
Western of Ala.. J an uar y ...
51,857
51,857
40,8-50
West. Maryland December.
98,73 7
92,354 1,298,187 1,248,453
593,116
5 *,4<'0
56,200
548.49 «
West. N.Y. &Pa 3d wk Mar.
316,284
19,797
318 266
Wheel. & L. Erie 1st wk Apr
24,771
910.570
831,057
Wisconsin Cent itk wkMar 106.424 104,04C
17,772
10,504
Wrlghtsv.ifeTen February.
8,633
4,896
* Figures given do n ot Include Oregon Ry. & Nav., Dn. Pao. D e n v e r *
Gulf, D enver Leadvllle * Gunnison, Montana Union and Leavenworth
Topeka & South western, it These figures include results o n l eased lines.
ft Inoludes earnings from ferries, eto., not given separately. 1 M exi
can onrrenov. c Inoludes only half o f lines in whioh U nion P aoiflo has
a half interest.
d. Inoludes operations o f the Ohio. B urlington & N orthern in both
years.
5 Covers results fo r lines directly operated east o f Pittsburg.

Latest Gross E arnings by VYeeks.—The latest w eekly earn
ings in the foregoin g are separately summ ed up as follow s:
For the fourth week o f March our preliminary statement
covers 70 roads, and shows 3-86 percen t gain in the aggregate
over the same week last year.
4 th iceek o f March.
Alabama Gt. Southern..
Balt. * Ohio 8outhwest.
Buffalo Rock. & Pittsb’g.
Burl. Ced. Rat). & North.
Chicago <te East. Illinois
Chicago Great Western..
Chicago Milw. & St. Paul
Chic. Peoria & St. Louis.
Chicago & West Michigan
Cin. Jackson & Maokinaw
Cleve. Canton & South’n.
Clev. Cin. Chic. & St. L ..
Clev. Lorain & Wheel’s . .
Col. Sandusky & H ock’g.
Denver & R io Grande.. ..
D etroit Lans’ g & N orth’n
Duluth So. Shore & A tl..
Evansv. & Indianapolis..
E vansv. <fc R ichm ond----Evansv. & T erre Haute..
Flint & Pere M arquette.
Ft Worth & Rio Grande.
Grand Rapids & Indiana.
Cincinnati R. & Ft. W -.
Musk. Gr. Rap. & Ind .
Grand Truna o f Canada.
Intern’l & Gt. North’n . . .
Kanawha & M ichigan___
Kan. City F t. 8. <fe M e m ..
Kan. City Mem. & B irin..
Kan. City Pittsb. & Gulf.
Louisv. Evansv. & 8t. L .
Louisville & N ashville.. .
Louisville N. A. & Chic..
Minneapolis & St. Louis.
Minn. St. P. & S. Ste. M._
Mo. Pacific & Iron M t___
Central Branch.............
Mobile *& B irm ingham ...
New York Ont. & West’n.
P eoria D ec. & E v a n s v ...
Pittsb. Sken. <te L. E rie..
B io Grande Southern___
St. L ouis A lton & T. H ..
St. Louis S outhwestern..
Toledo & Ohio C entral...
Toledo Peoria <feWest’n ..
Tol. St. L. & Kan. C ity ..
Wheeling & Lake E r ie ...
W isconsin C entral...........

1896.

1895.

$
33,953
30,271
10,537
161,586
48,118
77,369
111,298
463,000
272,238
90,824
124.943
902,433
21,043
35,592
18,100
17,471
317.018
31.629
17,6 8
169,300
23.770
41,970
8,726
2.813
27,748
77,853
7.649
33,706
55,420
12,227
1,109
3,916
443,444
72,900
3 9 /5 9
12,201
89,62*
22.952
18,028
6,809
88,105
45,261
491,025
85,663
282,y09
146.192
50.539
88,190
294,838
694,000
22,000
6,818
95,744
201,532
19,346
20,325
14.232
73,107
11,1*4
70,700
34,920
111,500
477.897
162,245
46,014
23,283
52,600
305,276
35,065
106,424

$
36,257
27,777
12.899
165,811
t53,99‘
82,56f
94,284
385.000
250,125
64,504
88,088
731,955
16,170
4 4 /9 4
14,081
14,795
354,895
30,832
19.755
138 300
28.628
43,537
7,585
2.536
26,034
78,257
10.554
36,602
64,123
13,136
1,391
4,662
439,064
91,931
34,554
12,451
104,453
22,488
1 4 / 07
5,166
93,150
39.071
531,244
84,531
278.648
124,578
48,145
56,< 49
291,879
681.000
17.OU0
6,775
92,346
209,266
13,454
22,050
13,262
69,467
8,684
66,900
33,050
131,400
473 044
194,7b 3
36,096
17,921
52,090
322,244
31,820
104,040

Increase.
9
2,494

17,014
78.000
22,113
26.320
36,855
170,478
4,873
4,019
2,676
797
_r __
31.090
1,141
277
1,714

4,380
5,105
464
4,021
1,703

Decrease.
$
2,304
2,362
4,225
5,872
5,200

9,302
37,877

1,132
4.261
21,6*4
2,394
32,141
2,959
13,000
5,000
43
3,398
5,892
97 (
3,640
2,50c
3,800
1,870
4,853
9,918
5,362
51t
3,245
2,384

lxh

.

- tiros* tsarnm gs.-N et K a m in g s.1896.
1895.
1896.
1895.
Roads.
$
S
Austin & Northw.. ..J an .
20,600
17,267
5 ,020
5 ,4 1 6
Bangor & Aroostook. Feb.
54,639
53,291
21,817
17^211
Jan. 1 to Feb. 2 9 ....
104.614
102,645
40,236
34 ,295
Burl. Ced. R. & No. a.. Feb.
351,2 38
2 7 ’',233
1 2 8 .’ 21
91.062
Jan. 1 to Feb. 2 9 ___
743,944
557,949
276,022
17u,2 iO
Cin. Jack. & Mack, b . Feb.
58,912
43,946
8,068
4,548
Jan. 1 to Feb. 2 9 ----11L.202
96,432
11,115
9.714
Jttly 1 to Feb. 2 9 ___
410,268
397,702
63,024
72.711
C oL H ook.V al & T.B Jan.
205,320
204,602
79.438
73,916
Detroit & Mack’ o .a ..F eb .
42,991
20,837
16.384
10,099
Jan. 1 to Fei). 2 9 ___
82,647
40,760
30,224
16,6 IL
July 1 to Feb. 29. ..
253,819
141,596
78,745
52,694
Ed.El. ill.Co.,St.Lou..Feb.
35,739
20,903
Jan. 1 to Feb. 2 9 ....
79,375
61,778
Hllnois Central, a.. Feb. 1,650,360 1,415,304
451,636
395,355
Jan. 1 to Feb. 2 9 ___ 3,462,637 3,024,460 1,073,870
93 L 4 03
July 1 to Feb. 2 9 ___ 14,727,349 12,852,466 5,129,090 3.800,962
Kanawha & Mich. b .. Feb.
36,128
28.006
6,652
5,244
Jau. 1 to Feb. 2 9 ....
77,271
58,834
16,363
13,309
July 1 to Feb. 2 9 ___
320,219
239,598
78,308
74,252
Laclede Gas-L. Co.. .Mar.
70,289
61,728
Jan. 1 to Mar. 3 1 ....
210.423
229,760
Louisv.Ev. & St. L .b . Jan.
115,674
100,553
18,769
12,506
M exican Northern...Feb.
73,229
45,753
37,739
25,678
Jan. 1 to Feb. 2 9 ___
149,177
87,861
75,770
47,704
St. Louis Alt.&T.H. b. Jan.
108,351
103,611
48,932
43,285
July 1 to Jan. 31 . . .
801,313
831.432
399,034
335,639
235,130
8av. Fla. & W est.b ..F eb.
256,016
70,408
63,582
Jan. 1 to Feb. 2 9 ___
588,7 9
575,170
156,636
155.189
July 1 to Feb. 29 . . . 2,257,839 2,431,8 55
601,695
690,720
Summit Branch....... Feb.
67.709
90,240
7,449
11,453
Jan. 1 to Feb. 2 9 ....
154.404
194,483 def.2,331
60,818
Lykens Val. C oal.. . Feb.
67,897
67,814
16,517
5,439
Jan. 1 to Feb. 2 9 ___
150,477
152,592
26,589
36,204
Total both Co’ s.. ..F eb .
135,606
158,054
21,966
16,892
347,080
Jan. 1 to Feb. 29 . . .
304,881
97,022
24,208
40,817
32,244
Toledo * 0 . Cent, b . .Feb.
133,493
127,958
282.944
Jan. 1 to Feb. 2 » ___
68,102
263,332
85,637
July 1 to Feb. 2 9 ___ 1,354,735 1,400,715
488,890
444,788
Un, P.D. & Gulf, b ...F e b .
206,768
206,037
29,490
42,598
Jan. 1 to Feb. 29 . . .
447,150
444,731
88,770
83,914
W estV a. Cent. & P .Mar.
102,449
32,872
84,319
3 4,341
Jan. 1 to Mar. 3 1 ....
88,9 *0
273,050
22 L,677
79,199
JTuiy 1 to Mai*. 3 1 ___
890,004
776,137
308,125
262,695
W. Virginia & Pittsb. Jau.
27,534
1 0 ,950
22,917
14,276
a Net earnings here g iv en are after dedu cting taxes.
b Net earnings here given are before d edu cting ta x es.
<------ February------ a e—J u ly 1 to Feb. 2 9 —.
1895.
1895.
1896.
1896.
£
I n d ian a I lls . & I o w a .$
$
$
77,617
540,891
496,300
67,183
Gross earning*........... .
Operating expenses........
52,997
46,760
366,107
385,096

2,137

Net earnin gs.................
F ixed c h a r g e s .................

24,620
8,275

20,423
9,006

174,694
67,428

111,204
65,512

4,858
1,567

Surplus ..........................
Im provem ent a c c o u n t...

16,345
4,647

11,417
2,277

107.266
57,067

45,892
25,392

Surplus.............................

11,798

9,140

50,199

20,300

404
2,905
2,896
8,703
909
282
746
19,031
250
14,825

5,045
6,193

[V ol .

.49,219

In terest Charges and S u rplu s.—The follow in g roads, in
addition to their gross and net earnings given in the foregoing,
also report charges for interest, & c., with the surplus or deficit
above or below those charges.
Roads.
Bangor <fc Aroostook. Feb.
Jan. 1 to Feb. 2 9 ....
Kanawba & M ich— .Feb.
July 1 to Feb. 2 9 ___
St. Louis Alt. & T. H. Jan.
July 1 to Jan. 3 1 ....
Toledo & Ohio Cent..Feb.
July 1 to Feb. 2 9 ....

^ Inter’ t, rentals, dte,~ > r-B al. o f Net E arns.—,
1896.
1895.
1895.
1896.
S
$
$
$
21,540
277
42,728
def.2,492
10,030
10,271 *def.3,378 *def.5,027
85,43 L *def.3,287 "df. 11,179
81,595
t34,12-2
133,244
9,183
15,688
i 2 :5 .9 3 1
1249,998
109,708
149,036
37,426
33,167
*5,224
*9,638
311,016
*142,159
274,759
*223,052

* A fter allowing for other incom e received.
1 Tliiwe chargee are sim ply for taxes and rentals o f leased line3 an d
do n ot include bond interest.

STREET R A IL W A Y S AND TRACTION COM PANIES.
7,734
1,725

19,900

The follow ing table shows the gross earnings for the latest
period o f all street railways from which we are able to obtain
weekly or m onthly returns. The arrangement o f the table is
the same as that for the steam roads—that is, the first tw o
columns of figures give the gross earnings for the latest
week or month, and the last tw o columns the earnings for
the calendar year from January 1 to and including such latest
week or month.
8TREET

R A ILW A Y S

32,488
G ross
E a r n in g s .

AND TRACTION

Latest Gross Earnings.
Week or Mo

1896.

16,968

8,113,866 7,812,077
552,523
250,734
301,789
............
............
t Earnings last year w ere increased b y strike on trolley road.

Total (70 roads)___ . . . .
Net increase <3’86 p. o.!..

Net Earnings ttoutlily to Latest D ates.—The table fo llo w 
ing shows the net earnings of STEAM railroads reported this
week. A full detailed statement, including all roads from
w hich monthly returns can be obtained is given once a m onth
in these columns, and the latest statement o f this kind w ill
be found in the Chronicle o f March 31, 1896. The next w ill
appear in the issue of April 18, 1896.

Akron B e d fd &Clev
Akron St.Ry.& 111. Co
Amsterdam St. R y ...
Atlanta Con. St. R y..
Baltimore T raction...
Bath St. Ry. (N. Y .)..
Bay Cities C onsol___
Binghamton St. R y...
Bridgeport Traction.
Brockton Con. St. Ry.
Brooklyn Heights ...
Br’klyn Queens & Sub
Brooklyn Traction—
Atlantic A v e ..........
Brooklyn B. & W. E.
T ota l...............

69.083
4,491
73,574

Ian. 1 to Latest Date,

1895.

1896.

1895.

$

$
15,389
32,422
3,564
27,130
256,857
2,679
12,608
19,150
65,573
39,6 27
985,903
97,343

27,563
3,257
20,553
229,713
2,132
11,343
15,084
55,660
32,836
626,019
46,133

141,626
9,475
151,101

65.729
9,505
75,234

5$379
February.. 15,755 13,483
3,564
January...
3,257
J anuary.... 27,130 20,553
M arch....... 87,267 81,977
1,257
1,022
February..
February..
5,631
5,259
9,383
7,032
F ebruary..
M arch....... 2 2,<06 20,227
F ebruary.. 19,970 15,683
M arch....... 335,805 300,6 40
F ebruary.. 47,633 22,702
F ebruary..
February..
February..

COMPANIES.

29,599
4,486
34,035

$

THE CHRONICLE.

A p r il 11, 1896.]
Gaosa

E a R-N1.NG9.

679

Latest E a rn in g s R eported. J a n . i to Latest Date.
W etkorJdo

189b.

1895.

ANNUAL

1896. | 1895.

«
*
1
13*2,872 1,714.163
Baflalo Rv................ ‘December. 16 :
Central Trao.(PitUb.) February. 14,1.16 12.4 83
28,9731 26,467
24,767
Chester Traettoa...... February.. 12,270 8,704
20,047
Cbio. A So. Side K T .February. 60, Ur 59,706 125,986 123,060
Cin. Newport A Uo?.. February.. 42.702 37, Jot
89,40.
76,6s9
1.34 *
City Elec. (Roiue.Ga.) February.
2,792
February..
78 9*7 64,6-9 16-1,889 139,335
Cleveland City Kv.... B
--------Cleveland Electric... February.. 118.977 95,631 241/384 199,*27
4 4.27 i
Columbus KK ilia.) . December.! 3,121 2,34*
27,000
Columbus St. Ry (O.) Ut wk Apr 11,951 10,992 16 >.460 141.717
40.801
51.242
Coney Island A B’lya. February. 19,313 24.4 lo
Denver Con. Tramw. February.. 51.901 43,001 106.441, 103,697
35,13
Detroit Ry................ January... 35.134
I5.8*i 1*5.703
15 841)
Duiutn st. Ky.......... IUuuary...
15,703
8,591
Erie Elec. Horor Co.. February.. 10,571
21,101
18,192
1,173
2.368
t luihin* *fcCollege Ft. February..
27*010
Galvestoo City Ky... February.. 13,05s 12,449
26,317
Heaton vtlle M. A F.—
Arch Street.... .... December. 49,829 29,492
Race Street............ December 10,26*. 2,17*
Total... . . . . . . . . . . . December. 60,044 , 31,661 511.193 303,891
454
1,0 .*
Hooaick Ry............... February.
Houston city St. Ky.. December. 17,776 i8 ,489 ...........
Interstate Oon-ol o!
North Attleboro .. February..
16.192
14,679
Lake St. Kiev. tCbio.) January...
54.8 *-5 11,879
9.113 i ...........
18.716
Lehigh Traction ... . . February..
1,227
2.513
Lock Haven Traction Frbruary..
10.167
5,7*5 1 3,533
10 597
London St Ky. (Can.). March......
5,4311i 0,3 »7
14.496
15,«6l
Lorain St. Ry............ March........
44,015
52.8u7
Lowell Law. A Hav.. February- 24,132 20.475
Lyon A Boston......... lAt wk Apr 20,741 23,19
44,094 387.090 353.501
Metrop. (KaunasCity) 4th wkMar
2,025
6,330
7,150
Montgomery St, Ry.. February
66.923 182,451 140,833
Montreal Street Ry... February..
26,1/6
X*«h vtlle st. R y ...... December
3,594
Newburg Electric— November.
New England SU—
12,034
29,292
Winchester Ave ... February.
25,741
1,402
3.934
Plym’th A Kingston February.
3,409
3,506
3,841
43,4*0
Total................... 3d wk Mar.!
39,800
2,485
New Haven ACentrev. January...
2,485
4,020
11,742
3 1,998
34,712
New Haven St. R y ... March...... I
2.280
|
5,101
New London St. Ry.. February.
4.7* 8
New Orleans Tfaction March — ';
103,83. 1 331,071 2*4,021
1,015,071
N. Y. A Harlem. ...... December
Northampton St. Ky.
6,449 3,742
13,051
(IIm im ................... February..'
8,077
1.059
l.OS&i
OglensburgSL Ry-- January..
45,47b I 35,390
Pater*on R i ............. February..j 22,142 16.1*25
Pitta. Fronienac A
1,314
sub.Eire K«.(Kan.i February..
2,7111
2,595
30,75 i I
Portsmouth 8L RyF. l>eceuiber
5,150
10,595
Po'keepxi- at «va^p.. .:February..
i ;J U
2,569
5,19>!
1,7*31
Boanoxe Street.........1February..j
Rochester Ky........... February. 07,987 50,289; 130,9-9 119,288
Savannah Ktootric... February..! 5,441 3,170,
10.943
5.I181 ift.Obi
U .1
Scnuyikiil rfaction... February.
3,585 2.008
3,5*5
2,008
Schuylkill Val. Trac. January...
75,437
56,866
Scranton Traction ... March — .j 25.523 2 i,920
Second Ave. iPitlab.) February. 30,123 15,301' 02,747 i 31,537
12,247
6.007 5,6411 12,4^8
Sioux City Traction , jFebruary..
28,480
39.628
Stein war Ky.,......... .February.. 19,190 13,016
1.827
2 , 12 *
--991
Bueator Railway. — February..
21,643
29,377
Syracuee Oooaoi. ... February.. 10,520 13,708
2.089
SyracuneE*et-»ideRy February..
5.3 »6
44.426
21.073
9.812,
8/racuae st. KK....... .Fobruary.. 22,V4
7,909
7,909. 12,819
‘lerTo Haute Kl*6 Ry Jnuuary--- 12319
TUird Ave. IN. Y.) .. January... 198.752 185,500 198,752 185,580
Toronto Ry................. February.. 73,468 0 2,4rOl 147.041 132,997
Twin City Rap. Tr«o February.. i45,b0l 134.89b! 303,97 41 286,927
22,933
Union d>. Bedford)... February.. 1 4 ,5 1 4 10,72c I 29,129
9,047
Union Ry. (SAgtuaw). December
127,61
United T a t . iP.ov i February.. 125,075 102,555 256,054 219,401
19.454
24,205
Unit. Trac. (Reading) February.. 12,014 8.3«i'
Utloa Belt Line......... December.
101,8.10 149,104
6,221
4,937
2,993 2,404
Wakefield A ftone__ Pebiuary..
40,738
33,*3o
Waterbary Traci Ion.. February.. 19,2*2 10,588
18.042
23,656
Wheeliug Railway... February.. 12,1*0 8,970
60,582
Wilxeeb. A Wv. Valley'February. . 36,334 22,136
75,192
Wilmington street... September 3.092 2.90*»
70.0021 50 0 40
34.101 25 947
Woroeeter Conaol......February
Prevalence of amah-pox Interfered with receipts.

Street Railway Net Earning*.— The following table gives
the returns of Street railway gross and net earnings received
this week. In reportmg these net earnings for the street rail
ways, we adopt the same plan as that for the steam roads—
that i», we print each week all the returns received that
week, but once a month (on the third or the fourth Satur
day) we bring together all the roads furnishing returns, und
the latest statement of this kind will be found in the
CHRONICLE o f March 21, 1896. The next will appear in the
issue
April 18, 1896.
Grot* E ar tun as. ----» ----- X rt Ear

REPORTS.

A nnual R eports.—The following is an index to all annua 1
reports o f steam railroads, street railways and miscellaneous
companies which have been published ia the Chronicle since
the last editions of the I nvestors ’ and S treet R a il w a y S up
plements .
This index does not include reports in to-day’s C hronicle .
RAILROADS AND MlSCEL. CO’ S.
RAILRO AD AND M I 8 CEL. CO’S
)
V o lu m e 6 2 P a g e.
V o lu m e 6 2 —
Pane
American Bell Telephone............... 633 Mexican National.........
*86 kqi*
American District.Telegraph......... 23U 1 Missouri Pacific.........
......... .. * 4 0 7
American Soda Fountain .............. 275 National Lead
...
?« 2
American Straw Board ................. 3 '7 National Linseed Oil ...................... 2 7 5
American Sugar Refining.......... 587
N. V. & New Jersey Telephone**" 546
American Tobacco...............
. . . . 317 Northern Central ............
** oj?
Baltimore Chesapeake & Atlantic. 274 Northern Pacific
545
Bangor A Aroostook.......... ...........
454 "regon Railway & N'avigaUon’C o' 229
Brooklyn W harf A Warehouse—
5i7 Pennsylvania R R .............
453
Canadian Pacific. ........................ 632, 637 Pnilade'phia & Erie ............................3 16
Central RR of New J e r s e y .......... 360 Philadelphia & R eading.......... 3 30
Central Verm ont................................ 315 Philadelphia Wilmington St Balt!! 229
Chicago A Alton ............................... 359 Pittsburg & Western ............
454
Chicago St. Paul Min. A O .............. 4 10 Quincy Mining Co.......................... ' 3 5 2
Choctaw Oklahoma & Gulf.............. 183 St.Louis Merchants’ Bridge Term’l 362
Cincinnati Hamilton St D ayton .... 182 St. Lo ui s'Vandal ia A v. H .. .
273
Cleveland A Pittsburg....................... 546 Sout h Carolina .v Georgia..............! 274
Colorado Midland............................... 182 Southern N. E. T e le p h o n e ......!!. 318
Columbus Hock. Val. A Toledo—
1 8 2 street’s Western Stable Car Line * 275
Commercial Cable Co........................ 412 Summit Branch & Lykens Valiev” 500
Consolidation Coal o f M d .............. 317 Tamarack Mining Co.
* * 587
Cumberland Valley........................... 546 Tennessee Coal, Iron & R R ............ 032
•n Canal — 228. 410 Terminal Rrt. A ss’n of St. Louis " 499
Delaware Lackawanna St Western 228 Texas Central ........................... " ’ **546
Diamond Match.................................. 317 Texas & Pacific...................
54 4
Eiiison Elect. Ilium., Brooklyn. 184, 229 Trenton Potteries ..............! . ! ! ! ! . 317
Edison El m\ Ilium, o f N. V ... 184, 3 6 1 Union Pacific Denver A Gulf......... 54 5
Erie Telegraph A Telephone......... 275 j United States Leather...........’. ........ 4 1 1
Huntingdon A Broad Top.............. 316 i
St r e e t Railw ays .
Illinois Steel ..................................... 316
Lake Frif‘4fe W estern........................ 360 Louisville Railway........................... 4 1 1
Lehigh Coal A Navigation.............. 862 North Hudson Countv..................... 4 1 1
Louisville Evansville Sc St. Louis.. 490 Sacramento Electric Pow. St Lgt.. 411
Maryland Coal Co............................... 455 j Twin City Rapid Transit................... 500
M e x ic a n < e n t r a l...........................

315 !

Chicago B urlington & Quincy Railroad.
( Report f o r the year ending December 31,1395, J

The annual report of President Perkins will be found at
length on another page, together with valuable statistics and
the balance sheet as of December 31,1895. Comments on the
year’s results will also be found in our editorial columns.
The comparative statistics for four years, compiled for the
C hronicle , are as follows:
OPERATIONS AND FISCAL REBOLTS.

1895.

1094.

1893.

1892.

5,730
5,730
5,596
5,556
Ml-.OD.Dec.31
Tons oar 1 iu.. 1822,046,436 1770,402 607 2099,080,071 2345,442,151
Pass.car 1 m- 258,216,210 255,565,171 409,529,533 325,611,118
E a m in g s—
$
$
$
$
5,595,573 8,119,079 7,223,143
Freight.......... ......... 16.135.1S6 16,135 699 19,639,495 22,768,007
2,935,960 2,934,395 3,011,244
Mall, express, &0... 3,083,437

P.ssenger...... ......... 5,655,589

Tot. gross earns.24,874,192
Oper. ex. .V taxes... 16.710,539
Net earnings......... 8,163,G53
P. o. of oper. exp. to
earulugs................67-18

24,667.132 31,042,970 33,002,394
16,284,066 21,224,501 22,469,011
8,383,066

9,818,466

10,533,383

66-02

6S'37

68'08

•Not including those carried free.
INCOME ACCOUNT.

18°5.

$

Receipts—

Net earnings___ _
8,163.653
Ftoin Invest . 4 o ....... 1,915,262

£1. a 8t. I. extra dlv.,

Net B. & M. l'dgrants

490,189
41,373

1894.

9 _.

8,383,066
1,938,832

...........

73,526

Total....................... 10,610,476

D isbu rsem en ts —

Rentals paid..............
229,860
Interest on debt___ 6,572,627
Dividends................... 3,280.103
Rate of dlvideods—
(Ip . o)
Gat’d to sink’g fund..
760.24J2

1893.

108,422
10,395,444

264.977
6,492,429
3,S9o,128
(i4ip. c.)
773,387

1892.

9,818,466 10,533,383
1,771,092
1,281,318

310,260
G.53h,911
3,960,252
(5 p. 0 .)
765,090

188,572

11,697,930 12,0
314,573
6,113,738
3,819,922
(5 p. e.)
765,186

T o ta l dlsbnrse’ts. 10,842.837 11,425,915 11,574,513 11,013,419
Balance........................df.232,362 df.1,030,471 sur.123,467 sur.990,354
GENERAL BALANCE DECEMBER 31.
Angels__

1895.

1894.

1893.

$

$

$

189 •
$

RR ennii)., & o ___203,278,596 202,680,686 201,050,025 197,531,337
Investments............. *39,818,317 39,135.970 37.647,680 33,314,436
Sundry avail, seoor. 2,704,341
2,700,991
3,082,791
521,171
nun.sects.A billsreo 3,045,208
2,765,206 2,345,483
3,160,021
Materials, fuel, &0. 1,765,545
1,292,711
1,529,713
1,356,993
Cash on baud.........
4,29t,278
3,723,905
4,511,779
3,310,366
Sinking lund..------ 9,554,899
9,169,632
8,444,542 15,257,732

1995.
1806.
3
*
5.906
8,761
11.401
24.058
24,535
30,196
53,033
70,033
Total................... 264,461,185 201,469,102 258,612,013 254,452,056
24,347
25,154
84,15
69.959
S tock 1*common....... 82,004,200 82,004,200 82,004,200 76,408,500
322 Bonus rSceSCFVT.)123 333 900 1 2 1 721,400 118.742,800 117,243,350
1,630
61 S in king fu n d s_____ _ 14, 915,411 14, 156,981 12, 932.855 20,916,484
4,552
un o l f i a s i
3,083 Contingent Habit's.. 3,819,000 3,819,000 3,819,000 6,720,281.
1,224
4,921 Renewal fund......... 9,000,000 9,000,000 9,000,000 9,000.000
2.581
92,311
1,967
127,163
118.255
114,000
Mat.coups.not paid
1,503,128
1,304,443
3,200
1,530,998
tnt to mature Jan. L 1,533,998
9,030 C.
11,304
20,990
B. & Q bonds to
1 9 .2 2 7
34.434
511,000 ...................
56,865
mature Fan. 1/90.
75,182 U npaid
121,991
194,781
vou chers &
1,727,909
1,062,077
999.568
pay rolls...............
900,021
Interest Charges and Surplus. — Tho follow ing Street Sundry
1,2c 6,135
1,429,742
1,004,665
our’ntao’te. 1.205,025
railways in addition to their gross and net earnings given in Rllla payable..........
500,0* 0
the foregoing also report charges for interest, & c., with the Profit and loss......... 14,688,278 14,458.395 14.715,461 6,672,733
Incomo account___ 11,935,693 12,168,055 13,198,525 13,075,058
surplus or deficit above or below those charges.
Inter* t, ren tals, iSc.—
, '“ B a l l o t X et Barns.
Total...................264.461,185 261,469,102 258,612,013 254,452,056
1895.
1996.
1896.
1895.
Hoads.
9
•
*
Includes
Han. <fc St. Jof*., Kan. C. St. Jos. <fc C. B., Ohio. Bur. & No.*
87
9 585
London 8t.Ry. (Can.) Mar.
1.045
*235
Chic. B. A K. O., St. L. K. & No. W., and others.
224
Lorain Street By (O.)Mar.
1 ,000
—V. 62, p. 635*
def.419
Jan. 1 to Mar. 31....
3.000
Banda.

Bridgeport Tract’ll .Mar.
j»n . 1 to Mar 31 ...
Cleveland Electric. Feb.
Jan. 1 to Feb. 20 ...
Columbine).iit. ft,.Mar.
Jan. 1 to Mar. 31 ..
London 8t.Ry.( .’an.) Mar.
Jan. 1 to Mar. 31....
Lorain Street Kv.iO.iMar.
Jan. 1 to M,r. 31....
p-k'pe.cny A W F.iUFeb.
Jan. 1 to Feb. 20 ...
Scranton Traction ..Mar.
Jan. 1 to Mar. 31....
July 1 to Mar. 31....

1896.
0
2^.406
05.573
118.977
2 11.304
50,890
148,506
5.705
18,107
5,431
14,496
5,150
10,*»95
25.523
73,437
243.908

1895.
«

20,2 27
55.660
95,«3l
199.527
47,828
133,725
3,533
10,597
6.337
15,861

THE CHRONICLE.

680

INCOM E ACCOUNT.

Mexican International Railroad.
( R eport f o r the year ending Dec. SI, 1S9S.J
On subsequent pages are published in fu ll the remarks of
President C. P. Huntington, as given in the report. A state
ment of operations, earnings, charges, & c., have been com 
p ile d for the C h r o n i c l e as follow s :
1895.
M iles operated, average—
588
Passengers carried..............
102,858
"
“
one kilo
metre*
12,553,963
Tons freight oar’ d (metric) 469.641
•• 1 kilo’ tro* 146.582.702

1894.
573
77,456

1893.
573
74,577

8,786,655
376.734
120,875,844

9,225,837
335,200
124,090,641

*0.62138 English miles.
EAR N IN G S AN D E X P E N SE S (M E X IC A N C U R R E N C Y .)

1894.
1893.
$
$
203,552
219,624
1,873,974 1,743,140
86,595
88,169

1892.
$
181.378
1,836,959
77,389

2,050,933

2,095,726

430,642 330,863 )
334,534 258,331 { 1,301,394
627,713 5 1 0 ,2 0 1 ;
204,466
182,421 J

1,323,911

1895.
E arnings—
$
P assen gers.......................... 280,618
F reight......................... ........2,197,163
M iscellaneou s................... 186,055
T ota l...............................2,664,126

2,169,121

E xp en ses—

Main, of w ay and struct's.
“
o f equipm ent
- ...
Conducting transportation
General..................................

T o ta l.................................1,597,355 1,281,816 1,301,394
Net earnings........ .....1 ,0 3 6 ,7 7 1
887,305
749,539
E xcb. on pur. U. S. cur
rency and other item s. ..deb. 9,331
196,126
93,262
Total (Mex. currency). 1,^57,440 1,083,432
P er ct. o f op. exp to earn’s.
59*95
59*09

[V ol . L X II.

1,328.911
760,815
63,621

842,801
63*40

1895.
1894.
1893.
1892.
$
$
$
$
Neb earnings.......................1,314,759 1,224,552 1,136,072 1,382,256
Other incom e.....................
16,378
.......................................................
T o t a l .............................. 1,331,137 1.224,552 1,136,072 1,382,256
Deduct—
Interest on b on d s.............. 220,000
220,000
219,520
225,434
Rental P McK. & Y. R R ..
462,579
462,579
462,519
466,923
H alf profit P. McK. A Y.
RR. pd. L. 8. & M. S o . . .
343
17,589
25,356
75,124
D iv id e n d s ........................4 0 ),0 0 0
400,000
400,000
4(J0,000
T otal.............................. 1,082,922 1,100,163 1,107,45 > 1.167,481
Surplus................................ 248,215
124,384
28,617
214,775
* There were appropriated from this surplus: m iscellaneous rentals,
$2,209; P. C. & Y. sinking fund, $6 ,657 ; Mahoning State Line RR.
advances $27,080; old accounts, $11,529; surplus fo r year, $200,743.
CONDENSED BALANCE SHEET DECEMBER 3 1 , 1 8 9 5 .

A sscts
Liabilities.
C onstruction................ $6,514,898 Capital sto ck ............... $4,000,000
E quipm ent.................... 2,718,707 M ortgage bonds..........
4,000,000
Stock and bonds of
Real estate mortgage.
650,087
other com panies___
317,024 Div. payable F e b .,'96.
20 0,00 0
R eal estate...................
542,500 D oe L .S .& M-8.Rv.Co.
342
85,000
Bills receivable...........
4,975 Unpaid & accrued int.
Supplies on hand........
190,820 Due fo r wages, supDue by a g en ts.............
249,443 I plies, e t c . . . ...............
316,069
Cash on h a n d ..............
486,093 i incom e account Dec.
Current balances.........
137,362 I 31, 1895..................... 1,910,323
T o ta l.......................$11,161,823
—V. 62, p, 234.

Total

$11,161,823

Keokuk & Western Railroad Company.

830,436
65*47

('Report fo r the year ending Dec. 31, 1895. J
President F. T. Hughes says:
IN CO M E ACCOU NT (U . S. C U R R E N C Y .)
General Results. —The com pany (besides maintenance, op
1894.
1892.
1893.
1895.
eration, interest and taxes,) has expended 813,268 for new
$
$
$
8
575,627
553,624
...
548,070
561,867
shops, tracks and machinery and other betterments, and has
Total n e t .............
12,282 paid 880,000 dividends to stockholders. The lis t tw o years
1,953
71,487
64,651
Other incom e.......
647,064
565,906 have been unusually hard on railroads in the W est. Y et
626,518
T ota l............... .. 550,028
notwithstanding various adverse circumstances, our earnings
Deduct—
560,000
*186,667 are larger than in any other year prior to 1891 and §17,000
560,000
Interest on bonds. . . 560,000
11,104
10,112
23,435
17,477
Miscellan eou s . . . .
larger than in 1894.
Purchase o f Des Moines & Kansas C ity.—Since the last an
570,112
210,152
577,477
T otal............. .. 571,104
sur.76,952
sur. 49,041 sur.355,754 nual meeting the directors have authorized the purchase o f the
B a la n c e ...............
entire capital stock and outstanding bonds of the Des Moines
* Sept. 1, 1892, to Jan. 1,1893.
& Kansas City Railway Co. This road extends from Des
V. 62, p. 85.
Moines south to Cainsville, M o., a distance o f 112 miles. It
Southern Pacific System.
is a narrow-gauge road, but steps w ill be taken as soon as it
is deemed advisable to widen it to a standard gauge. A plan
('Results f o r the year ending Dec. 31,1895.J
w ill be submitted to the stockholders looking to the payment
The preliminary statement o f earningsandexpenses,charges, for the property and providing the necessary funds for bet
etc., for the year ending Dec. 81, 1895, is as follow s :
terments. This acquisition cannot fail to be o f great benefit
P rop rieta ry Leased Southern Total,
T o ta l
to your company, and it is believed that not only w ill the
Companies. Lines. P a c .O o . 1895.
1891.
property meet all its fixed charges but earn at the rate o f 5
5,213
2,134
....
7,347
7,254
Miles of road.............. ...................
per cent upon the purchase money, thereby relieving the
Gross transportat’n earnings..34,785,673 15,637,117 34,234 50,457,025 48,97^,406
By the purchase o f
Operating expenses. ................... 23,097,772 10,102,953 41,710 33,242,435 32,006,914 Keokuk & Western Co. from all burden.
this line all the great trunk lines East and W est are touched
Earns, over oper. expenses.il,687,901 5,534,164 *7,47617,214,589 16,964,492
at Des Moines and valuable terminal facilities obtained,
Other incom e—
Trackage and rentals..................
571,947
82,363 300,589
954,900
904,789 thereby securing the desired outlet to the westward.
Income from investments.........
59,074
............ 339,533
398,607
364,038
Statistics.—Earnings, expenses and charges have been :
Interest on open accounts.........
86,588
................................................. 86,58896,909
Net profits und. omnibus lease...................
Miscellaneous receipts...............
6,798
Int. on sink’s fund investm’ts.
107,886
Sale of lands...................................
134,087

............. 208,366
208,366
119,619
.................................................. 6,798 9,307
..................................................107,88677,861
....
134,087
106,4'9

Total receipts.......................... 12,654,282 5,616,528 811,012
E xp en d itu res—
450,815 18,668
Taxes.................................................
904,959
Trackage and rentals.................
55,271 15,000
733,746
612,817 .........
California Pacific rental................................
Betterments and additions.......
25,004
4,251 .........
Interest on bonded debt............ 7,747,960
942,100 .........
Interest on Texas debt..............
23,756
Interest on open accounts............................
12,877 186,801General expenses
..................
37,613
Net profits und. omnibus lease,
du eS. P. C o.................................
208,366
C. P. R R . earnings over operat
ing expenses and taxes.............................. 4,549,066
Premium oh bonds purchased
36,171
and canceled...............................
Taxes and expens, land d ep t...
53,544
Miscellaneous expenses............
6,169
Total expenditures................ 9,777,287
Surplus............................................. 2,876,995
Deficits................................................................
Balance............ .................... 2,876,995
Deficits leased lines—
Loss in operation of Cal. Pacific
charged to income o f S. P. Co,
............
Advances to oiegon &Cal. RR.
for account o f operations..........................
Net income from operat’n . 2,876,995

9,111,821 18,643,424
1,374,443
8U4.017
012,817
29,255
8,690,060
23,756
19 H,681
37,613

1,208,864
762,313
612,275
11,149
8,572,397
24,616
269,123
44,778

208,366

119,619

4,549,066

4,636,608

36,170
53,544
6,169

26,944
57,903
27,042

6,627,197 220,472 16,624,957 16,373,631
............ 620,540 2,486,865. 2,269,793
1,010,670 .........
........
........
............. 620,540
219,859 219,859
790,811

2,486,865

2,269,793

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

.........

790,811

641,356

............ 400,681

3,277,676

2,811,149

* Loss.

—V. 62, p. 549.

Pittsburg & Lake Erie R ailroad Co.
( R eport f o r the fiscal year ending Dec. 31, 1895.J

E A R N IN G S, E X PE N SE S AN D C H A R G E S.

Earnings Passenger......................... ...
Freight.............................. ..
Mail, express, e t c ......... .

1395.
$
93,266
232,351
55,007

84,478
221,250
57,819

1894.

1893.
$
98,116
2 25.564
62,963

99,321
2 42,274
65,055

Total........................... . .
Oper. expenses and taxes

380,624
255,189

363,548
264,629

386,613
274,33 L

407,150
288,233

Net earnings............ ..
P. c. of exp. to earnings.
Deduct—
Interest paid on n otes.. ..
Dividends (2 per cent)
Construction and eq u ip ...

125,435
670

98,919
68'8

112,312
66*8

118,917
66*7

19,275
80,000
13,269

13,095
80,000
2,430

12,033
80,000
6,631

12,710
81,000
15,970

$

1892.
$

T otal........................... . . 112,544
95,525
98,684
108,680
Surplus.................................
12,891
3,394
13,628
10,237
GENERAL BALANCE SHEET DECEMBER 31.
1894.
1895.
1892.
1893.
A s s e ts —
*
$
$
$
Cost o f road..................... - 4,275,000 4,275,000 4,200,000 4,200,000
3,660
St’ ck Keokuk Uni’n Depot
3,6t>0
3,660
3,000
Accounts receivable___ . .
39,407
23,572
23,755
35,787
20,422
Material on hand........... ...
14,311
18,547
16,436
20,000
Cash on hand................. .
25,180
34,506
16,643
Total assets.............. -.4,389,801 4,347,835 4,280,468 4,271,866
Liabilities —
Capital S t o c k ................ ..4,000,000 4,000,000 4,000,000 4,000,000
M ortgage.......................... . . 275,000
200,C00
200,000
200,000
60,000
B ills p a y a b le ................ __
A ccounts payable..........
4,709
9,235
4,647
6,187
12,191
Pay-rolls u n pa id ............ ...
11,551
13,620
11,173
Vouchers unpaid........ . ..
8,513
10,554
26,891
8,486
Incom e accoun t..............
55,144
41,515
58,536

The annual report o f President D. W . Caldwell shows re
sults as follow s lor the year 1895 in comparison w ith previous
Total liabilities....... ..4 ,389 ,801 4,347,835 4,280,468 4,271,866
y e a rs:
—V. 61, p. 1064
EARNINGS AND EXPENSES.

•

1895.
1894.
1893.
Earnings from —
$
$
$
Passengers........................... 503,985
453,105
544,820
F reight.................................4,133,884 3,359,125 3,422,729
Mail, express, e tc ..............
66,987
67,945
73,235

1892.
$
556,512
3,719,633
73,981

T otal e a r n i D g s ............4,704,856 3,880,175 4,010,784
Oper. expenses & t a x e s ...3,390,096 2,655,623 2,904,712

4,350,126
2,967,870

N et e a rn in g s............... 1,314,759
(72-05)

Per ot of exps. to earns

1,224,552
(68-44)

1,136,072
(71 88)

1,382,256
( 68 - 22 )

Panama R ailroad Company.
( Report fo r the year ending December 31,1895. J
Mr. J. Edward Simmons, w ho on May 1 ,1S95, succeeded the
late Gen. John Newton as President, says in the report:
Steamships—From Jan. 1, 1895, until Jan. 1, 1896, the
com pany continued the operation of its Columbian line, co m 
prised of the steamers “ Advance,” “ Finance,” and “ Aliianca,” upon the Atlantic Ocean, and of its Panama steam
ship line on the Pacific side, with the vessels “ Saturn,” “ Pro-

THE CHRONICLE.

A pr il 11, 1890. j

grerso,' "C ity o f Everett” and “ W ashtenaw,’ ' chartered for
various periods. On March 19, 1895, the purchase of the
steamers constituting the Columbian line was completed and
the vessels paid for out of the accumulated funds o f the c o m 
pany. This transaction has proved important in determining
the com pany’s claims to independence over connecting lines
and for a recognition in trans Continental circles.
Agreement with Pacific Mail SS.— ln the negotiations
with the Pacific Mail Steamship Co.,
pending since
Feb. 1, 1898, an agreement was executed Dec. 18, 1893.
This company by its terms is relieved from the costlv
operation of iis Panama steamship line, and at the
same time its Columbian line, running m connection with the
railroad, is freed from competition upon the Atlantic Occam
Enabling clauses in said agreement give this company an in
dependence in the through traffic business between New York
and San Francisco that can oniy inure to its benefit. Bv far
the most important advantage secured is the absolute abroga
tion, upon the 16th day of September, 1898. o f our agree
ment o f 1872 with the Pacific Mail Steamship Co.
Building o f Pier in. Panama B ay—The development o f the
com pany’s traffic across the isthmus long since made it ap
parent that the lighterage system at present in operation in
.Panama Bay must o f necessity be supplanted by improved
methods. The need for this relief has become urgent, acd to
meet it it has been determined to construct a deep-water ter
minal in Panama Bay at La Boca by the erection o f an exten-ive pier along the line o f the Panama Canal. Arrange
ments have been about completed to provide for theccmstriiction o f this wharf and for raising the funds necessary to
meet its cost.
I do not think I am over sanguine when I predict that with
the addition o f a proportionate increase o f facilities at Colon
which can be effected at moderate coat, the carrying
capacity o f the road will b - quadrupled, and the earnings of
the railroad so increased as to fully ju stify later the present
proposed outlay.
General Manager’ s R eport,—The G eneral Manager says :
Compared with tho.p o f the prosed ing year, the total gross earnings
for lo a .i Increased $3-43,US '. o r ‘J3*16 per cent, and the operating
axpott«ca ,20 0,18 5. o r 21 per cent, m aking an increase in net earn
in g . of fl42,3u9.
Thetacrea.e In *row« earning- U very aratlfrlBK. It was general

open aliejsjSHe* ofeirniug*. inu bore more especially ugot) freight

traffic and lighterage. The lncrea.e.1 shipments ot cuf-e, Californian
wines and CaUfornlaa ran tied g o o d . were more ,■- a .-ru ;! v satisfactory.
On coffee the Increase was JI -5d per c e n t ; on w ise, 28-4*85 per cent,
and on canned goods, -4*>- ?0 per cent.
The road-bed. track* and bridge* hive been maintained in good con
dition ; l o , 22i> lint am yft® cross-tie* hiiyn been plaited in the tracks
and riding-.. lie.-.ides a <.'‘ >n--lder.ib.e- rnm be- o f tl-is-h.-s and tint looks.
BtiiMln* —have tf.-.-i' loata tarted la fair eoiiititlOit. Im portant betterlaetit* and addition*have b w u made to the w harvr-, buddings and
roiling stock. and the expen— charged to revenue aoconcf.
*4he condense-1 b
-ii-.-t lie -. 31, 1895, shows a reduction o f
surplus aQ)ounlink to $140.0.13, vsu —.-1 by the readjustment o f certain
avoottiita. the folio wing t e n :» bi-in c w rit ten off; iffirteuslon o f road to
the Islands, $147,-802; proporti—u o f -ub-ii'iy to Republic o f Colombia
ehargesble to 1894. -#3t.2S0:advane«s to steamers fo r 1804, $211,229.

The finances o f your company are in better condition than
they have been for some yeans past, and y«u r management is
instituting rigid and thorough economies in every branch of
tbe service, which will still more improve our position.
Staii.dics-;,—The earnings and income account have been :
KABSl’iGS 4,3*1*
1895.
Burning*—
$
Vmm. nygehi ................... .
72,-437
.Fre4$rM aad trea sore, ___1,201,825

1894.

1893.

37, 372

59,341
982,708
34,484

72,901
939..5I6
34,590

101,207
1,304.821
28,962

1,311,634
Op. & xpem m n&d fitxea. . 810,813

1.1*56,533
742.163

1,017,010
91(5,701

1,435,000
948,354

. 491,815
314,370
XNGOM3I AC!COCXT»
1895.
1391.
Reptipis—
f
$
Net earoJ&e#.. .,
491,815
314.370
Other receipts.. . . . . . . . . . . . . 30-1,805
306,821

130,219

487.030

1893.
$
130,249
307,114

1832.
$
497.630
332,752

883,820

621,191

497,303

820,383

362,919

368,739
97,000

367,1.58
90.000

25,000

35.000

312,573
8.5.000
280,000
35.000
175,000

Mail, ex|jre*«, e

t

o

JK * tm r s e m e n i t i—
Interest ©a O&bt, . . . . . . . . . . .

mrMrnm..

S itM ilie i........................... .

.

102.00 )

25,000

B inM ust fa m l.............. ..

Miicelianeotis.... . . . . . . __

t

$45,523,356
$1,644,145

tional and improved passenger train service, the excellent
crop o f corn, and general development of contiguous territory
that has not heretofore contributed to the earnings of the
road. The increase in gross earnings is $50,778, while the
operating expenses show a decrease o f §33,268, and the net
earrings an increase of $84,048, or 40*19 per cent.
M aintenance and Physical Condition.—To overcom e the
amount expended during 1894 in excess o f receipts, $39 267
the expenditures were kept below the point that was for the
best interests o f the physical condition o f the property. By
an Act o f Congress all freight cars must be equipped with air
brakes ana automatic couplers on or before January 1st, 1893.
i o equip 6 .10 cirs will necessitate an expenditure o f approxi
mately §00,000. The age, size and condition of the remainder
ot the equipment (1,000 cars) is such that it will not be
economy to equip them after this manner. As to mainte
nance the report says:
Maintenance o f Track—O f steel rail weighing 70 pounds per yard,
?, 1U r,v” r,r*''k
»"•** purchased aud laid on the main line during
the year the rail now in use com prises: Steel. 52 pounds. 171-89
m-. e s: m, pounds, 1-.a miles; 60 pounds, 58*81 m iles; 66 pounds. 5-20
mi!i-„ , 0 pounds. !• /* miles. Iron, 35 to 56 pounds, 75*69 miles, ot
wffioh 70*4 miles on Cfuc.um Division.
T lieu n m b erof ties placed in m ain line track daring the year 1895
w:i» So.biiti during I s ilt WM 170.168 i during 1803 was 43.877. On
Clnenga Divisioui during 1848, was 12,797 ; during 189t, was 3 7,353;
anriuc t>n3. was 23,518. Renewals for th e year were about as reoom m end-d, Urst-elmis oak tlesplaoed In main track. P roper support o f
track demands an average yearly allotm ent of 85,000 to lOo.OOuior
mam Hue and 20,000 for Chicago Divlsiou. Contracts have been let
l i r3 CU0,t‘U<’ f,;,r !u“ m llu e aud 20-000 for Chicago Division for the year
The ballast In main track is as follow s: Gravel, cinders and shale,
im'.L m iles; dirt. 291-76 m iles; sand, 6-6 m iles; total, 318-27 miles.
Tr.e work .it ditching and surfacing o f roadw ay continued and there
v-.i.-. ■.:
, 1,109 : - t. e.iuivalfmt to 14 mites, w hich esceeds that
or any previous year, crave!, cinders, shale aud sand being used.
t.'Kul icmvei buns have been opened, and as no other iinnrovement i*
sn s,.nliai to 'h i- road lied, beoause of tho large proportion of track
w h ic h « laid with lislit-weiglit steel. 52 p o u n d s' to the yard, it is
planned to ballast-about fifty miles the com ing season at an expense
not exceeding $15,000 or $ 1 8 ,0 0 0 .

Coupons Paid.—The first mortgage coupons paid with in
terest during the year were: Evansville division, due Sept. 1,
;89l, and March, 1895, $90,816: Peoria division o f January
and July, 1895, $79,493; total, $170,309.
R eceivers Certificate— In order to settle terminal accounts
due the Peoria & Pekin Union Railw ay Company for the six
months' period next preceding the date o f the receivership,
there was issued a 6 per cent receiver’s certificate, No. 1,
amount $13,017 66, dated A ug, 39, 1895, maturing tw o years
from date or earlier when the receivership terminates.
Statistics.— Earnings and charges on whole line have been
as follow s:
Miles operated..
Earnings -

$

* p ft>m tills mmptm w m advance*! to steamers in 1891 $211,220
«n 4 In. 1895 $333,758.
<SO*DB2*CKD BAIsAJfCK SHK&T BECKMGER SlBT, 1895.
d-Mmts—
i MmMMHm—
Koml m<\ e cp iip ...___ $10,077,375 ? Capital ‘ifo cb * .* .......... $7,000,000
OtilntaWaa Line
336,655 j General m ort, bonds.. 4,000,000
2,953,000
84,135
Coal and su p p lies... . .
441,598 j Redemption f u n d ___
72,779
Uneoird.earn, test.),.84,381 f Accrued interest. . . . . .
30,771
A ©counts receivable..
127,609 J latliiftfts drafts unpr’d
3,946
Bin king tiimsl. . . . . . ___
1,60.3,938 Overdue coupons
Cmh. ......... ............ .
149
215,203 Dividends unclaimed
European agents. . . . . „
895
3,537 Miseellaneoits ....
21,875
A stents, 8an Francisco
5,120 Due Panama Dep't ..
Interest on deposits...
37,083
108 D ae can.aeci.lng cam 's.
56,829
A dvance subsidy to
Miscall, acute, tmadj .
C o lu m M a ......
3,000
1,953,000 Bonds drawn, not jhL.
874,738
Bonds in trea su ry ....
471,000 Due si nk i a g fu n d . . . . .
240,013 Cor’d snr, Dec. 3 1 /9 4 . 1,884,158
T o sar. .Dec. 31,1895.
—V, 62, p. 394,

P e o ria D e c a tu r & E v a n s v ille R a ilw a y .

(Report f o r the year ending Dee. 31, 1895.)
Receiver and Ueneral Manager E. 0 . Hopkins in the report
says m part:
r
1
General Hesuffe.—Notwithstanding the general business
conditions improved bus little, the earnings of the road were
considerably m excess o f the previous year, due to the addi-

1892.

917,573
Total cilsburaem ©a%m . . 489,919
490,739
515,933
Ba! <mce \ ...... ................. *ur.39C,7U ’ ur. 130,453 «lcf. 18,570 def. 97,185

$15,523,356

681

Expenses—
Maintenance of way, &o.................

Per c e n t o ! oper. exp. to earnlngs.-

Dedurl—

Inter, on floating and other debt.
Bentais...................... .....................
M iscellaneous....................................

1898.
331

1894.
331

608,602
213,865
89,309

583,651
189,378
88,133

1893.
331
621,014
200,639
100,528

911,776

881,162

922,181

148,304
84,296
333,073
52,937
49,025

194,615
01,051
304,839
60,638
47,899

115,228
71,037
303,560
40,852
44,825

667,635
244,141
73*22

699,942
161,220
81*27

575,552
346,629
62-41

170,041
256
30,141

171,753
1 1,077
30,141
713

281,791
32,094
29,183
8,607

201,038
r. {43,103

204,284
def. 43,064

351,675
def.5,046

* Interest on second m ortgage is not included, since not p ild .
i Interest due but n ot paid oil floating debt is not here Included.
.* Add $15,000 div. on P, & P. U. stock; total surplus $58,103.
CONDENSED BAT.ANCE SHEET DKOBMBER 31, 1895.
A ssets—

Road and ecmipmont. .$14,790,551)
Securities ow ned.
848.585
Current assets—Cash.
60,067
A ccounts collectible
119,837
18,011
Supplies on hand___
Bit!.™.to debit o f proiii
and loss account (P.
D. & E. By. C o y .......
379,201

L iabilities—
Capital stock............... $8,838,800
Funded d e b t ............... 5,717,076
Int. on funded d e b t tad m t g , main line.
228,200
11st M., Chicago'die.
20,915
Bills payable and int..
935,371
H. I. Nicholas & C o ...
65,671
Current liabilities.......
11400,362
By bal. to oredit profit
and Loss account (re
ceivers)......................
18,836

$16,225,261
$16,225,261
t A ccrued both prior and during the receivership, but not provided
for by tho receivers.
1 Not. provided for by receivers—nearly all the securities on which
interest accrued are controlled b y the P. D. & E. Ry. Co,
ITInterest on first mortgage bonds (first mortgage main line and
Chicago division), $134,353; receiver’s certificate and interest, $13,274; equipment notes, $16,747; sundry aeoonnts payable, $188,054;
taxes, $4,7,934.
- V . 62, p. 588.

THE CHRONICLE.

682

M exicali T elegraph Com pany.
( R eport f o r the year ending Dee. 31, 1895.)
Earnings, E tc.—E u n in g s, etc., have been as follow s:
H ea r
to D<c. 3 1 .

G r o ts
r e c e ip ts .

1895......................... $310,O i l

N et
r e c e ip ts .

D iv i d e n d s
p a id .

B a la n c e ,
su r p lu s .

$273,241

$191,260

$31,381

The balance sheet o f Dec. 31, 1895, was :
^.sscts
L ia b ilit ie s .
Plant, inoludlug i upr. .$1,355,164 Capital s t o c k ................ $2,000,000
OasTi..................................
186,306 Earn’gs invested in im 
Cen. & So. Ain. I’d . Co.,
provem ents to plant.
31,654
2,125 d ia ie s, c o s t---176,186 Profit from sales o f
Construction ce rtifa ..
78,900
Treasury sto ck ............
38,493
Opeo ai couuts, in clu d 
Railroad bonds, 1st M.,
ing amouut due to
c o s t ..............................
75,675
Treas stock, 874 shares
oilier lines ..................
53,216
undisposed o f at p a r.
87,403 Surplus revenue lleo.
Open accounts in. Hid
31, 1895........................
497,958
ing amount due from
other l i n e s . . . . . . .........
165,390
T ota l............................. $2,621,321
- V . 61, p. 1,065.

T ota l................. ...........$2,621,321

Central & South A m erican T elegraph Co,

R a i l r o a d a n d M is c e l . G o ’ s ( C o n .)
V o lu m e 6 2 —
P a g e.
Memp. & C har..coup. 233; pi n.457, 589
do
do ....... com 45J; reorg. 635
Meriden Waterh’ y & O n n . RJoreci. 457
Mexican N at...fnc. coups. 590; plan 035
Mexican Southern........readjustm 't. 590
Montgomery •use. & Mem p..nor./. 590
Now Orleans & Southern.........plan. 590
N. V. Penn. & Ohio ..sold 414;rc"r. 457
Norfolk Ad W e ste rn ...pia-i 620, 636, 6 l l
Northern Pacific., .reevrs. 233. 4 4. 462
Northern Pacific — .................Crm. H65
do
do plan..527, 549, 550, 630
do
do B r. L in e defaults. 590
Omaha Sc St. Louis------. . . .sold 234
Oregon Improvement Co.......... com . >65
Ore Ry. & Nav........ plun operative 278
do
do
.............................. sale 365
Ore. Short Line & Utah H o.p la n .503, 501
do
do
do
___reorg 549
Peoria Decatur & Evansv.......reorg. 180
do
do
— coup. 365
Philadelphia & Reading___deposits 1 8 i
do
do
......... reopg. 365
do
do
. .. . . . . . . s a l e . 590
Phila. Reading & N. E ..............reorg. 549
Pittsb. Clev. & ToL.com. 591; coup. 634
Pitt sburg Marion & Chic.. .salv.503, 591
Pittsburg & W estern .. . . .
reevr. 4«2
San Diego Land & Town Co. .reorg. 549
Seattle Lake S. & E . .reorg. 416,594, 643
So’west’n Ark. & Ind. Ter...... reevr. 594

[V ot. LXII,
R a i l r o a d a n d M is c e l . C o ’ s (Con.}

Volume 62 -

Page.

St. Joseph & Grand Island....... sale 279
do
do
...reorg. 300
St. Louis Alton & T. I I ..............le ise 636
St. Louis & San Francisco., .reorg. 366
do
do
..cou p , 591
Staton Island R. r ......................coup. 634
Toledo St. Louis & K. C......... r O'U 336
Union Pacific..................... coup. 187. 415
do
do ...................... reorg. 187. 462
Kansas Pacific ....................... plan 234
Union Pacific Denver & G___r ora. 366
United States Cord a c e ... f o reel. 187, 321
W est Va. & Pittsburg....... .. .coup. 634
St r e e t R a i l w a y s .
Brigantine B e a c h ............
reorg. 450
Brooklyn 'fraction..reorg. 413,450, 588
Chattanooga Electric.........s o ld .i l 3, 588
Citizens’ street Pine Bluff, Ark.)
„ ,
„
sold. 589
Columb & Maryland (E lec.)..reevr. 589
Fairhaven A N. W. Wash.)recvr. 689
Hammond W hiting & E. Ch..reevr. 502
Houston City St............................ sale 548
Lima Electric
.........................reevr. 502
Madison City (W is.).................. reevr. 414
Nashville Traction.................
so/d 502
People’s Cable Ry. (Kan. City) s Id 549
Syracuse St. RR. reevrs. A reorg.504, 044
Tiffin Electric Street (O .).......... >a/e 549
U n.Elec.Ry.(Saratoga,N.Y.)..reevr. 553

A m erican Bell T eleph on e.— Price f o r New Stock.—The
price at which the new stock (3,100 shares) is to be offered has
been fixed at $300 per share by the Massachusetts Com mis
President Scry inter says :
It is esdm rted that tne surplus earnings for the quarter, sioner of Corporations.— V. 63, p. 634.
A m erican Type F ou n ders.— Reduction o f Stock.—1T he
after the paym entof the usual dividend of 1% per cent April 9,
upon the stock as increased by the conversion of the cable dupli committee on reduction o f the capital (stock (as proposed in
cation certificates, will be $17,*176 75. The net receipts of your V. 61, p. 1106) is reported to have received assents from
com pany for the j ear 1895 were $590,486 61. This sum was the holders of over 98 per cent o f the stock of both classes.
sufficient to have paid 7 per cent on the then outstanding The present holders o f preferred and com m on stock will re
share capital, $6,308,000, and also on $1,417,600—du ceive, it is said, 75 and 15 per cent o f the ptr value of their
plicate cable certificates—since converted into stock, in all holdings respectively in new stock, all of equal standing.—
$7,725,600, and yet have left a surplus of $49,694 61, notwith V . 61, p. 1106.
standing unusual expenses amounting to over $14,000, which
A tla n tic & P a cific R R .— A tch ison T op ek a & Santa Fe.—
covered requisitions for the future use o f stations and repair A pportionm ent o f E arnings—The arbitrators appointed to
ship, and the insurance of stations and materials for a period examine into the question as to the division o f earnings be
of five years. There is every reason to anticipate an increas tween the Atchison and the Atlantic & Pacific, and also to in
ing addition to the’surplus in the present year. The conver quire as to the portion of rental which should be paid by each
sion of the certificates was effected under date of February 1, on the Mojave division have filed their report. Friends o f the
within three years after the completion of the cable duplica Atlantic & Pacific claim the report w ill increase that com 
tion, as proposed, and the new stock participates in dividends pany’s traffic earnings $300,000 to $350,000, and also afford a
from January 1, 1896.
further gain in revenue in the matter o f the Mojave division
During the year 1895 your duplicate cable was equipped tental.
w ith duplex apparatus, thus duplexing your entire caole sys
Inspection Tour.— Members o f the Reorganization Com m it
tem and affording greatfy increased facilities for handling tee are making a tour of the A tlantic & Pacific road.—V . 62,
the steadily grow ing traffic.
p. 331, 634.
Mr. Scry mser quotes at some length from the report o f
B rook ly n E levated R R .— K in gs Connty Elevated R R .—
Engineer K ing-ford regarding the present condition o f the
com pany’s cables. In the course of his report Mr. K ingsford Bill A uthorizing Lease o f B rooklyn Bridge R R .— A bill has
says he considers it proved that the com pany has nothing to been introduced in the Legislature at Albany to authorize the
trustees of the Brooklyn Bridge to make a lease of the bridge
fear on the score o f deterioration.
railway so as to provide for continuous rapid transi without
Earnings, E tc.—Earnings, etc., have been as follow s:
change
of cars between the cities of New Y ork and Brooklyn.
Tear
Gross
Net
Int. on
Dividends
Balance,
to Dec. 31. earnings,
earnings. cert.com .
paid.
surplus. The proposition of the elevated roads to undertake suen a
1895..............$890,337
$368,325 $70,8o0
$441,560
$55,885 lease was mentioned last w eek.—V . 63, p. 634.
The balance sheet Das. 31, 1895, was as follow s :
Camden Horse R R — Hamden & Suburban R y .—W est J e r 
Assets.
sey T raction .— Virtual Consolidation.— The new Camden &
L i a b i l it i e s .
Plant, Includ. im prove
Capital stook....... $3,500,003
Suburban Railw ay Company, organized with a capital of
ments ...........................$5,965,341 Duplicate cable co n 
Cable duplication. 1,352,256
struction certificates. 1,417,600 $1,000,000, has secured control and will next week take pos
session of the Camden Horse Ry. Co. and the W est Jersey
Spare cable.........
78,881
Earnings invested iu
Argeutiue extension to
iinprovem ’ts to plaDt.
157,341 Traction Co. W hen the merger is completed the new com 
Dec. 3 1..............
771,138
Profic from contracts,
pany w ill control the entire street car system in Camden
C a sh in b a n k .......
169,444
value o f suipius ruaIncreased stock at par.
64,400
l e i i a l s .................
83,040 County, N J. Extensions to Haddonfield and to Palm yra, it
CaDle dup. cert, at par.
14,900 Open accounts, includ
is said, w ill be built.
E R . bonds, 1st m., cost.
134,891
ing amount due to
Cape Fear & Y adkin V a lley R R .—Decision as to Sale.—
Treasury stock,oiiginat
other hues .................
15,732
The press dispatch published last week has been supple
issue, at p a r....
192,000
Surplus revenue Deo.
Open accoun ts..
156,632
31, 1895.............
726,471
mented by an authoritative statement, from which it appears
that the method of sale to be finally adopted is not yet posi
.$8,900,183
T otal.................
T ota l.............................$8,900,183
tively decided, but remains to be determined when the Court
—V. 61, p. 1065,
is furnished with the desired information upon the subject.
The facts as furnished us are as follow s :
(R eport f o r year ending Dec. 31,1895.)

GENERAL

IN V E S T M E N T

NEW S,

R eorgan ization s Etc.—Latest D ata as to D efaults, R e
organization Plans, Paym ent o f Overdue Coupons, E tc.—
All facts of this nature appearing since the publication of the

last issues of the I nvestobs’ and Street R ailw ay Supple 
may be readily found by means of the following index
This index doss not include matter in to-day’s C hronicle.
t^ ~ F o r other minor companies see also index Chronicle
ments

Feb. 8, p. 276, and March 7, p . M>5.
R a i l r o a d s a n d M i s c e l . C o ’ s.
V o lu m e 6 2 —
P a g e.
Atchison & Pike’s Peak............ com. 088
Atl. & PaC.. Joreil. su it. 181, r e e v r . 261
Baltimore & Ohio................. reevr'8 4 6 1
do
do
..............corn's. 445, 557
do
do
...........coup's 455, 634
Brigantine Beach — safe and reorg. 517
Butte & Boston Min’g .. r eevs.& Co in. 547
Cape Fear & 1 adkinVal .reorg. 232, 277
do
do
f o 'd . 1 8 8 , 634
Carolina Knoxville & W ..........s a e . 688
Cedar Falls & Minnesota.........fo rd . 588
Central Branch, Un. Pac.......... com 316
Central Ohio.................................coup. 355
Central Vermont.recur’s. 588; com. 631
Central Washington..................rtorg. 501
Chicago Gas.............. consol. 185, 349, 588
Chicago & Atchison Bridge.. .• o//i. 588
Chicago & No. Pac.....................reorg. 547
Chic. Peoria & St. Lou is... plan. 232, 3i9
Choctaw Oklahoma & G..?>/«n..547, 588
Cin. Jackson & Mack .............. rtorg. 217
Cin. & Muskingum Valley___coup. 518
Cleveland & Canton................ forte!. 635
^ £ d o July, 1895, coup, in def. 40. 232

R a i l r o a d a n d M i s c e l . C o ’ s (C on *

Volume 62—

Pays

Cceur d’ Alene Ry. & Nav.......... com.
Colum & H . Coal & Ir.coup. 277,502
do
do
............ reorg.
Det. Lansing & N o ..plan, 319; com.
do
do fo rd . 589; t eorg.
Duluth Transfer........... d efault '4,32,
do
do
.........................com.
Duluth & Winnipeg..sale. 320, 502,
Florida Midland............................ sold
Ft. Worth & Denver City ....reorQ .
General Electric...........................com.
Grand Rapids & Ind. .sale, 502; rear.
Green Bay Winona & St. P.sale.443,
Humeston & Shenandoah.........sold
interoceanicRy o f M ex .......plan
Jucksonv. Tampa & K . W .sale 364,
Kansas City & um aha............ fcreel.
Kinderh. & Hudson..com. 277; sold
Little Rock & Memphis ..
sale
Lou. Ev. & St. L ...reorg. 186; fo re v .
do
do cimnge in r, cvrs. 589,
Louisv. St. L. & Tex..reorg. deposit
do
do
.................... sale.
Marietta & North G a...r e s a l e 502,

635
689
635
450
035
2 ,7
f89
635
548
233
320
548
589
635
334
114
502
502
361
502
635
277
189
548

A hearing was had b efore the Court ou the question o f how the sale
o f the road under foreclosure should he made, the Baltimore com 
mittee iusistiug that it sh juld be sold only as a whole road. The New
York comm ittee, however, insisted that while it would b e proper to
offer the road fo r sale as an entirety, the ru e adopted bv the United
Siates Supreme Court iu the Illinois Midland case should be follow ed,
that is to say, that the road should also bo offered fo r sale at auction
hv divisions, so that it m ith t be ascertained wliloh m ethod o f sale
would In iu s the highest price for the whole property and w ould best
serve the iuferests o f all the bondholders. In old er to prevent any
sacrifice o f the B. and G. divisions at a separate sale it was suggested
tnat the Court should fix au upset prioe forea oh separate division at
the sale, so that unless such prices w ere realized the question w ou ld
be referred back to the Court to be disposed o f in some other manner.
I,i his opinion Judge Simonton states that the road should be s o li as
an entirety if that oourse is best for the interests of all the bondhold
ers, but that it would be impossible and premature to say that it
should not be sold also by divisions; that in order to fix an upset prioe
l'or the divisions the Court should have m ore inform ation as to the
value of the separate paroels, and he therefore sends the case back to
the Master (o take testim ony as to the earning oapaoity of the different
divisions, their oast o f operation and m aintenance and their aotual
and relative value as estimated by experts.

The Baltimore Committee considers the Judge’s action as
decidedly favorable to its interests. The committee says :
The recent decision o f Judge Simonton sustains the contention o f the
Baltimore bondholders’ Committee. Holders of A . B and C bonds who
have not deposited the same under the plan o f reorganization o f the
Baltimore Committee will find it to their interest to do so at o n ce.—
Y. 6‘J, p. 634

Central V erm ont R R .—Reorganization Notice.—The Con
solidated RR. o f Vermont 5 per cent Bondholders’ Commit
tee announces that a m ajority o f the bonds have been
deposited with it, and that the American Loan & Trust Co. of

A p r il 11, 1896.]

THE CHRONICLE.

683

Boston has consented to act as depository for the bonds. It
No Deposits A fte r A p ril 20—First mortgage and consol
is expected that a time limit for the deposit of the bonds will idated mortgage bondholders’ committee, Mark T. Csx,
shortly be announced.— Y . 62, p. 684.
Chairman, announces that bonds must be deposited with the
Chesapeake A Ohio Ry.— T rain s in to L ou isv ille.— This Farmers Loan & Trust Co. on or before April 20 in order to
company on April 1 began running its passenger trains in participate in the plan o f reorganization. No bonds will be
and out of Louisville over the Louisville & Nashville tracks, received after that date.— V. 62, p. 589.
in place < f relying on L. & N. service to Lexington, as there
Illinois Central R R. —Plans f o r Chesapeake Ohio & South
tofore.— V. 62, p. 502.
western.— Touching the Chesapeake Omo & Southwestern
Chicago A North Western Ry.— E x te n s io n .—The company over which the Illinois Central by the decision rendered last
has let the contract for building 57 miles of road, extending week, will have full conttol, J. T. Harahan, Second V icefrom Gillett, Oconto County, to a poiat in Forest County a President o f the Illinois Central, is quoted as saying:
few miles south of Cavour, Wis., a station on the “ Soo”
“ We control nearly all o f the first m ortgage bonds, a great portion of
road. Work is to be completed by November 1. The line the second m ortgage bonds and much stock. We ex oeet the receivers’
sale to take place within sixty or ninety d»vs. As soon as w e get posmay ultimaoly be extended to Iron River, Mich. It is sur session
we propose to put the r a id In first-class oon iition , up to the
veyed through an extensive and valuable tract of hardwood standard of the best o f onr lines, tt will be operated as a throngh
lic e from Louisville to Xew One to3, it being the shortest line between
timber.— R a ilzo a d G a zette. — V. 62, p. 413, 501.
these points by thirty-three miles.’ ’—V. 62, p. 636.
Chicago A South Side Rapid Transit R R — J u d gm en t
luteroceanlc Ry. of Mexico.— Reorganization. — At a
Entered.— In the suits against this company judgmsnts were
entered on Thursd ty in favor of the mortgage trustees for meeting on March 24 th? shareholders continued th? resolu
tion
passed F-*b. 24 for winding up the conn oauy, so a 3 to give
the amount due for principal and interest on both mort
gages. The two committees have been endeavoring to come effect to the scheme o f reorgaaization approyei by the de
to an agreement for reorganizing the property, one proaosi- benture holders.—V. 63, p. 5o2.
tion reported being to scale tne extension bondi to about 66-J
Iow a Central R y .—Listing.—On the New Y ork Stock E x 
per cent of their face value and give preferred stock for the change have been listed $237,290 additional com m on stock
remaining am >unt. At last accounts of the $3,001,000 exten and $37,000 addi ional preferred stock, making tne com m on
sion bonds $2,766,00) were deposited with the Adams Com- $8,456,000 and the preferred $5,563,3)0.
Tue ad licional
mi tee, and of the 87,5)0,000 first mortgage bonds the amounts were sold to subscribing shareholders of the Central
Slaughter Committee held $6,858,00).— V. 62, p. 363.
Iowa, per option recently stated.—V . 63, p. 548.
Cincinnati Inclined Plana Ry. — A dverse D ecision —
J acksonrille Tampa & Key W est Ry.—Sale Postponed—
Judge Sage, of the United States Circuit Court, at Cincinnati, Reorganization.— The foreclosure sale under the consolidated
on March 31, d-cidei adversely to the co npany in the suit o f m irtgage has been postponed until the first Monday in May
the L ouikviIIs Trust Co., as mortgage trustee, against ths city on petition of the American C instruction Comoany, the com 
of Cincinnati to enjoin that city from removing the tracks of plainants in a suit against the railway com pany. Tne July,
the company from the city strws. Tne company’s franchise 1895, interest on the tirst mortgage bonds has not been paid.
within the city is held t o have expired, s i that the road is Oyer four fifths o f the firsts have been deposits 1 with the
cutoff from its means of reaching the city. Tne second VVinthrop Committee, but no steps have a3 yet bean taken by
mortgage bondholders claim that the first martgage covers the committee looking to forecioiure under the first mort
only the propenv in the city and not the extension through gage or to reorganization. The consols are reorisented by
the county. This the first mortgage bondholders do not Simpson, Thatcher & Barnum, of Nsw Y ork.— V. 63, p. 414.
admit,
Knoxville Cum berland Gap A Louisville RR.— S intUern
Detroit Lansing A Northern RR — R eceiver. — General R r —Sold to Southern Ry. —It is officially announced that
Manager Chas. M. tleald haa bsen appointed receiver pending the Southern Railway Co npany has bought, and will at once
reorganization, th“ plan for which (V. 63, p. 3i9l has been as take ptssession of. the K noxville C unberlaud Gap &
sented to by over 97 per cent of the securities.— V. 62, p. 635. Louisville RR., which extends from K aoxville to Cumber
Detroit Mackinac A Marq aette RR.— C ou p on P a ym en t. — land Gao, Term., a distance of about 65 miles. W hether the
One per cent interest on the land-grant bonds will be paid road will be operated as an independent property or merged
April 13 at the Central Trust Co. for the half-year ending in the Southern Ry. has not been decided. Unofficially it i3
stated that the Southern has so li the Cumberland Gap
March 31. 1886.— V. 63. p. 634.
and connections to Middlesborough, K y., to the
Distilling k Cattle Feeding— H eld to be n T ru st— The Su Tunnel
Louisville St Nashville, with trackage rights reserved.—V . 61,
preme Court of Illin >is has affirm-d tbs decision of Juige D. 471; V. 62, p. 504.
Gibbons declaring the D stiffing & Cattle Feeding Company,
Lehigh Coal & N avigation Co.—President Elected.—Lewis
otherwise known as the Whiskey Trust, to be a Trust, anil
annulling its charter. The Distilling C >. has gone out of bus A . Riley, of the firm o f Lewis A. Riley & Co., has bpen elected
inees, but the proposition affirmed is considered important as President in place of Calvin Pardee, resigned.— V. 62, p, 362.
L on lsvllle St. Louis & Texas Ry.— Date o f Sale— The fore
it is a blow to the organization of similar combinations and
closure sale is advertised for May 4 at Owensboro, K y. The
trusts.— V.62, p. 320.
upset
price for parcel one, including the property covered by
Edison Electric Illuminating Co. of Brooklyn.— L istin g .—
Thi-re have been listed this week on ths New York Soock Ex the mortgages of Feb. 1, 1837, and May 24, 1833, is $250,000,
change $150,000 additional first mortgage 5s of 1949, making and for parcel two, including the property covered by the
mortgage o f 1893 hut not by the earlier deeds, is $50,000, the
the amount listed $1,000,000.— V. 63, p. 229.
upset price for the whole being $3 )0,000, and the deposit of
Erie RR.— New Jersey A New York RR. — N egotiation* cash required at time of sale $60,030,—V. 63, p. 589.
C om p leted —The Erie has completed its purchase of the New
Macon A Birmingham RR.— Oaf of Receiver's H ands.—W .
Jersey St New York UR., paying 847 50 per share for the pre
ferred and from $3 50 to 83 p -r sh are for th« c am n on. Pos B. Spsrks, Receiver, acting under order of Court, at midnight of
March 30th delivered possession of this property to Parsons &
session of the property was taken April 7.— V 63, p. 530.
E i wards, purchasers o f the same at foreclosure sale. Julian
Florida Southern RR.— Savannah Florida & Western R. Lane has been aopointed G jneral Manager, his address
Ry. — B o w ls G u aran teed . — The facts regarding the bonds of being care Amerioau National Bank, Macon, Ga. —V . 62, p. 635.
the Florida Southern RR. have only recently com? to hand.
Manhattan HR.— Talked o f Extensions and Lease.— Mayor
The mortgage is for $5,000,00'), of which $4,311,000 has been
issued. The bonds bear 3'£ par cent interest until Jan. 1, Strong endorses heartily th? proposal that tha Manhattan
1900, thereafter ( per cent, and are indorsed with th? follow Company be allowed to build additional lines, adding with
ing guaranty: “ For value received the Savannah Florida & reference to the road to be built by the c ity : “ There need
Western Railway Company hereby guarantees the payment be no trouble about that. By the time the underground road
of the within bond and coupons according to the tenor and is built the elevated roads cannot carry all of the people who
effect thereof. In witness whereof it hascansed its corporate will then be living in this great city. The thing to do is to
sea! to be hereto affixed and these presents to be signed by its accomplish something now .” There are many who hold the
Prssident or Vice-President and attested by its Secretary this same opinion, but the Manhattan people declare they will
“ not build another rod of road unless the property owners
1st day of January, 1695.
waive all claim for damages.” As indicated in V. 62, p. 414,
“ Savannah Florida A Western Ry. Co. President.
the amount of these damages have been a heavy and long| IV. 61, p. 968; V. 62, p. 84.
continued drain on the company’s resources.
Georgia Midland A Gulf UR.— Georgia Midland Ry.—
Reports of renewed efforts by unknown parties to lease the
.Vein Comp t o y — The Georgia Midland Ry. C ). has been or- Manhattan road at a guaranteed dividend, have again been
ganiz d wiih $1,000,000 of capital stock as successor to the current of late, t ut those at present in control o f the property
G.-orgia Midland & Gulf foreclose! Tne directors are R. A. are said not to look over favorably on the proposition.—V .
Tfflnr iMtnr and William II. Palmer, of Richmmi ; G. Jordan, 83, p. 411.
of Oo'u nbus ; ‘ » •.rg« S lerin, of New York, and John F.
M inneapolis & St. Louis RR —Action on old Judgment.—
Flourney, Seaton Grant Iand, Charles L. Davis, A. Illgefl3.
W. L. Bull, pronounces of no importance the re
R. A. Lucke and J. II. Archer. Tne reorganization plan of President
application at Minneapolis for a receiver of the com 
the Georgia Midland & Gulf will soon bs submitted. An ex ported
pany. The application is based, he says, on a small ju dgm en t
tension to Atlanta is u ider C >nii ieration. — V. 83, p. 277.
which was barred by the foreclosure sale.— V. 63, p. 40.
Green Bay Winona A St. Pan! RR.— Sale to go on. — At
M obile & Sprin g H ill Ry.— Sale Advertised.—The fore
Chicago on Monday an order was made in the Uaited States closure
sale is advertised for April 20, 1896.—V. 61, p. 282.
Circuit Court of App**als permitting the sale of this road to
Nevada County Narrow Gauge RR.— Bonds Refunded.—
pre-ea.il, provided th at the amount of the Mowrey claim on the
$105,000 of old firsts be set aside till the case is heard at the This com pany to refund 8 per cent boods due Jaa. 1, 1896,
next term of Court. The sil“ will take place May 12. has issued a new first mortgage, securing $250,000 7 per
Tne l-gal notice of sale will be found ;Jat [length in another cent gold bonds, payable in instalments on Jan. 1 o f each
' year as follows : 1900—34, $4,000 yearly ; 1905, $5,000 ; 19)3-’07,
column.

684

THE CHRONICLE.

[V o l . L X II.

$6,000 y ea rly : 1908, $7,000: 1909, $8,000; 1910’ 13, $9,000 late year. The annual report will be given in the C hronicle
y ea rly; 1914. $10.000; 1915, $11,000; 1916, $12,000; 1917-18, of a later date.
Gross
Net
Other
Interest,
Balance
$13,000 yearly ; 1919, $14,000; 1920 31, $16,000 y e a r ly ; 1933, Year end.
earnings,
income, rent., etc. [net), for div's.
$18,000; 1923, $19,000 ; 1924,320,000. For the calendar year Dec. 31. earnings.
1895........ $15,439,706 $4,191,161 $13,665 $3,211,938 $1,022,888
1895 the company reports gross earnings $103,461) ; net, $28,- 1894........ 14,247,856 3,482,336 16,023 2,862,865
635,494
866 ; interest paid, $21,090 ; taxes, $3,094 : balance, surplus for
A dividend of 2 per cent on the preferred stock was paid
year, $4,684. The President is John F. Kidder.
January 27, 1896, am ounting to $452,716.—Y . 62, p. 187.
New London Street R y .—New Stock.—On April 20 the cap
Pittsburg Slienango & Lake Erie R R .—BntJer & P itts
ital stock will be increased by 882,500 to $247,500. The new burg R R.—Lake Erie & Pittsburg 11R.—E xtension and
issue to which stockholders o f April 6 may subscribe at par Consolidation.—The Butler & Pittsburg Railroad Co. was in
will pay for new power house and additional equipment. corporated this week in Pennsylvania, with an authorized
—V . 61, p. 611.
capital of $5,000,000. The com pany is to build a line 42 miles
Norfolk & Western RU.—Roanoke & Southern Bonds - in lengili to connect the Pittsburg Shenango & Lake Erie
A ccept P lan .—Holders of the Roanoke & Southern R R . bonds from its present southerly terminus at Butler, Pa., with the
are inform ed that the Mercantile Trust & Deposit Co. of Bal Union Railroad Co., owned by the Carnegie Steel Co., which
timore has accepted in behalf of the deposited bonds the will thus secure a direct route for its ore and coal shipments
terms offered under the reorganization plan of the Norfolk & between Pittsburg and Lake Erie. From Conneaut, the rail
Western RR. Co. Unless outstanding bonds are deposited road company’s terminus on the lake, its loaded cars are car
with this com pany by April 28 they may be excluded from ried on the com pany’s boats to Port Dover, on the Canadian
participation in the plan.—V . 62, p. 641.
side, where connection is made with the Grand Trunk RR.
Contracts have been signed with the Carnegie Steel Co., the
Northeastern RR. o f Georgia.— Offered f o r Lease.—This
road, ow ned by the State o f Georgia, was offered for sale till Union RR. Co. and the New Y ork & Cleveland Gas Coal Co.,
Feb. 15, the upset price being $287,000. No bids were re by which the Pittsburg Shenango & Lake Erie is guaranteed an
ceived, and the Governor is now authorized to lease it for a increased tonnage, at a fixed rate, o f a m inim um of 2,100,000
sum not less than interest on the $260,000 o f 7 per cent bonds tons annually for twenty-five years, and an assured increased
tonnage o f 3,0u0,000 tons.
which the State had to pay.— V. 62, p. 85.
It is the intention later on to form a new com pany, to be
Northern Pacific RR.—Northern Pacific & M ontana Bonds.
—The Sheldon Committee gives notice that it has been called the Lake Erie & Pittsburg, which w ill be a consolida
arranged to have the Northern Pacific & Montana bonds par tion of the Pittsburg Shenango & Lake Erie and the Butler &
ticipate in the Northern Pacific reorganization, each $1,000 Pittsburg. This com pany w ill have a capitalization of $10,bond, with all unpaid coupons attached, to receive new Gen 000,000 each in stock and bonds. O f the bonds $4,800,000 w ill
eral Lien Bonds $50.0 (int. from Jan. 1, 1897), new Nor. Pac. be reserved to retire prior liens, $4,000,000 w ill be used to
cover the cost of the extension from Butler to the connection
Pref. Stock $500 in trust cert.
Holders o f the bonds or of the K nickerbocker Trust Co. re- 1with the Union RR. Co., and for im provements on the old
ceipts therefor wishing to participate are notified to deposit line, additional docks, etc., at Conneaut. There will be left a
their securities with Messrs. J. P. Morgan & Co., 23 W all balance of $1,200,000 in the com pany’s treasury for futuro
Street, New Y ork, not later than April 23d. See official requirements.
Reference to the map of the Pittsburg Shenango & L ake
notice in another column.
Listing.— On the New Y ork Stock Exchange have been Erie in our I nvestors ’ S upplement will sh ow the proposed
listed certificates o f deposit for §13,000,000 general second new route.—V . 62, p. 41.
mortgage 6s assenting to the plan
St Louis Alton & Terre Haute R R.— B elleville & South
Land Grant—The work of securing patents to the lands ern Illin ois R R .—Illin o is Central liR .— Option to convert
granted by the Government makes good progress. Tw o weeks stock into E linois Central 8 p e r cent bonds.— Notice is given
ago it was reported that patents to about 1,270,000 acres had been to the shareholders of the St. Louis Alton & Terre Haute and
secured, and last week that Secretary Hoke Smith had the preferred shareholders o f tbe Belleville & Southern Illi
granted patents to 684,793 acres of land in the Bismarck, N. nois that the Illinois Central has agreed to issue its St. Louis
D ., land district and to 90,720 acres in W ashington. A n ef Division 3 per cent gold bonds in place of their stock at the
fort, it is stated, w ill be made by lowering prices to increase rate o f $75 in bonds for every $100 o f Alton stock and $160 in
the land sales and so hasten the redemption of the general bonds for every $100 o f Belleville stock. The facts are set
first m ortgage bonds that fail to assent to the plan.—Y . 62, forth in the follow in g circular, sent to the stockholders by
p. 636.
Messrs. Spencer Trask & C o .:

Old Colony R R .—New York New Haven & Hartford
We have pleasure In notifying you that we have entered into an
R R . —Bonds A pproved.—The Massachusetts Railroad Com agreement w ith the Illinois Central R R . Co. w hereby that com pany,
missioners this week approved an issue by the Old Colony as the lessee of your properties, has agreed to fund its indebtedness
dne and to becom e due under said leases, by issuing therefor to those
RR. Co. o f $250,000 o f 30-year 4 per cents, to take up an issue who m ay deBire it its St. L ouis division 3 per cent gold bonds, due in
of 6s which fall due next September.—V . 62, p. 547, 590.
1951, interest January and July, upon certain terms and conditions

Oregon Short Line & Utah Northern Ry.— Listing.—On
the New Y ork Stock Exchange have been listed certificates of
deposit for the follow ing Utah Southern securities assenting
to the plan: $858,000 general mortgage 7s, $1,366,000 exten
sion first mortgage 7s. Messrs. J. P. Morgan & Co., trustees,
and the committee under the trust indenture o f Sept. 4, 1891,
securing the Union Pacific collateral trust gold notes 6s, have
form ally expressed to the reorganization committee their
approval of the plan, they representing $15,000,000 out of
$26,180,200 of Oregon Short Line stock, and very nearly a
m ajority of the U tah Southern extension bonds. Certificates
of deposit for the capital stock w ill be admitted to the list when
the Stock Exchange is officially notified that a m ajority of
said certificates have been issued.
P lan Endorsed.—A t a meeting on Monday holders o f certifi
cates for the Oregon Short Line & Utah Northern consols and
coll, trust bonds unanimously approved the plan of reorgani
zation dated Feb. 20, 1896, and authorized the deposit o f all
bonds represented by their committees with the reorganization
depositaries.—V . 62, p. 636.
Pennsylvania Heat Light & Power.—Deal Completed.—
The deal by w hich this com pany obtained control o f the E di
son Electric Light Company was closed A pril 1, both com pa
nies being now under the same management. The number
of shares o f Edison stock deposited amount, it is said, to 19,189, out of a total o f 20,000. The w ork o f distributing the
trust certificates (City Trust Safe Deposit & Surety C o. of
Philadelphia, trustee), and paying the $50 a share in cash, be
gan on the first o f the m onth.—V . 62, p. 590.

as set forth in said agreement. The bODds are to be secured b y mort
gage executed b y tbe Illinois Central RR. Co., dated January 1, 1896.
T be essential point o f said agreem ent is that tbe United States Trust
Company is to receive tbe shares of tbe capital stock o f tbe 8t. Louis
A lton & Terre H aute and also tbe preferred shares o f tbe B elleville
& Southern Ills. R R ., and issue therefor its duly engraved certificates
entitling tbe holders to $75 in par value o f said gold bonds for eaob
$100 in par value o f tbe shares o f tbe S t . Louis Alton & Terre Haute
R R Co. and $160 in liar value o f said gold bonds fo r each $100 in par
value o f tbe B elleville & Southern Illinois preferred shares so de
posited.
The said agreem ent provides that the Trust Company is to hold the
said bonds as received from the Illinois Central RR . Co. until January
1, 1898, subject to an option to our firm or assigns to purchase all or
any part o f tbe same for cash [to be paid to tbe Trust Company fo r
ratable division to tbe certificate holders] at any time prior to that
date, at 90 per cent of the par value in gold coin, with interest accrued,
w ithout any deduction for com m ission or charges of any kind. The
agreement of the Illinois Central Co. to issue the bonds is contingent
upon tbe deposit w ith the United States Trust Co. o f a m ajority of
each stock on or before June i , 1896.

The circular adds: “ W e are able to announce that holders
o f such m ajority have already signified to us their intention
to deposit their shares,” as required, ivith the United States
Trust Co. The Illinois Central has already taken possession
o f the property.—V . 62, p. 636.

San Francisco & San Mateo Ry .—foreclosu re Sale D e
ferred .—The sale of this road has been postponed till A pril 11.
Seaboard & Roanoke R R .— Raleigh & Gaston R R .—Ra
leigh & Augusta vir Line.—Sale o f Equipment Bonds.— The

Mercantile Trust & Deposit Co. and the Baltimore Trust &
Guarantee Co., both o f Baltimore, oiler for sale at par and
interest $250,000 Seaboard A ir Line equipment 5 per cent
gold bonds, dated April 1, 1896, the joint and several obliga
Philadelphia Reading & New England R R .— Talked o f tions of the Seaboard & Roanoke RR ., the Raleigh & Gaston
Extension.—According to newspaper reports this com pany has RR ., and the Raleigh & Augusta Air Line RR. These bonds are
secured the right o f way for an extension o f 18 miles issued in series o f $25,000 each, running from one to ten years,
between Tariffville, Conn., and Springfield, Mass., where a the entire property remaining as security until the last series
connection could be made with the Boston & Albany RR. It is taken up. The net earnings o f the system for the first
is understood the proposed extension is strongly opposed by eight months o f the present fiscal year show, it is stated, a
the bondholders’ committee, John S. W ilson, chairman, and surplus over fixed charges, including interest on all leased
many other creditors, w ho believe it would revive the com  lines and dividends on first and second preferred stock, of
petition with the New Y ork New Haven & Hartford, w hich about $278,500,
resulted so disastrously in 1893.—V . 62, p. 549.
See full particu lars in our advertising columns.—V . 61, p.
Pittsburg Cincinnati Chicago & St. Louis R y. —Earnings 751, 1153,
f o r 1895.—In advance of the annual report the Philadelphia
F or o th e r In v e stm e n t Item s see p age GS9.
Ledger publishes the follow ing statement of earnings for the

THE CHRONICLE

A p r il 11, 1896.]

685
FUNDED DEBT.

in c p a rts a n d jp o cu m eu ts.

The Funded D ebt o f this Company at the date o f the last
report, in cluding contingen t liabilities for its branch roads,
w as......................................................................................$125,540,400 00

CH IC AG O

BURLING TO N

&

QUINCY

RR,

FORTY-SECOND A N N U A L REPORT— FOR THE Y E A R
ENDING DECEMBER 81. 1895.

There w ere issued during the year
bonds as follow s:
G. B. & Q. Chicago & Iow a D ivision 5
per cent bonds of 1905 sold ............... $2,320,000 00
O. B, & Q. consolidated m ortgage 7 per
cent bonds o f 1903 issued"for scrip
surrendered............................................
10,000 00
C. B. & Q. Iow a Division 4 per cent
bonds o f 1919 sold ................................
704,000 00

C h i c a g o , March 18,1896.
To the Stockholders o f the Chicago Burlington & Quincy
R ailroad Com pany:
$3,034,000 00
Y our D irectors subm it the follow in g report of the opera
The reductions during the year
tions o f the Company for the year ending Decem ber 81, 1895. w ere as follow s:
KARXINOS AND EXPENSES.

The Gross Earnings o f the Com pany, in cluding all leased
roads and branches, have been :
From fre ig h t..—.................................................. $16,135,165 85
5,055.588 66
From pae-.-ngt-rs..........................................
From m ail, express and m iscellaneous -. 3,083,487 43
-----------------------$24,874,191 94

The E x c u s e s have been :
O perating ex p e n se s-................... ....... — $15,433,094 07
T ax es. .............. - ...........................................
1.277,444 79 16,710,538 86
S e t earnings from op eratin g............ .

$8,163,653 08

Add for—
Interest on securitie- o f controlled toads.
Dividend* on stock o f controlled r o a d s..
Other Interest stud incom e......................
Net receipts o f IS.A M it. K R. In Nebraska
Land Department for the year..............

$690,067 26
835.094 48
390,100 42
11,372 58

Paid at m a tu rity :
C.B. &Q.7 p.e.bonds o f 1806. 547,500 00
C. B. <fcQ5 p. o. bonds o f 1895
(A. K .& D. M. R R .)........... 328,000 00

Purchased for sinking
funds and canceled :
0. B. & (X 5 p.e.bonds, 1919
(Iow a D ivision )......................
1,000 00
C.B.A-Q. ip .o .b im d s o f 1919
(Iow a D iv ision )...................... 210,000 00
C.B. A- Q.4p. c. bonds o f 1927
(Nebraska exten sion )___ 325,000 00
---------------- 1,421,500 00
Net increase o f funded debt during the year.................

1,612,500 00

1,956,034 74

T otal Income...................................... ..
$10,120,287 82
C h a rg e s h a v e b e e n as fo llo w s ;
Interest on bond*........................................ $6,372,627 18
Kent o f track* and d e p o ts.........................
22 9,36 015
Sinking funds...............................................
760.242 92 7,562,730 25
$2,557,557 57

Dividends have been paid as follow s :
March 15,1895,1 per c en t..........................
June IS, 1 8 95,1 p ercen t .........................
Septem ber 1 6 ,1 9 9 5 ,1 p e r c e n t ..... ..........
December 17, 1895, 1 p e r c e n t ............

Bond scrip,exehangedforC .
B.A- Q. eons.m tg.Tp.c.b’ds
o f 1903, and canceled____$10,000 00

$820,027 00
8 2 0 .0 8 7 00
820,027 00
*20,027 00 3,280,108 00

Total funded debt D ecem ber 3 1 ,1 8 9 5 ........................... $127,152,900 00
W hole amount o f stock and bonds Decem ber 31,1895. $209,157,100 00
LEN GTH OF ROAD,

There has been n o addition to the mileage during
the year.
Miles.
The number o f miles o f road ow ned and leased b y tlie compuny. Including all branches, on Deo. 31 ,189 5, w as........ 5,564S710I)
The number of miles o f leased road operated join tly w ith
other com panies, and o f that for w hich a fixed yearly
rental is paid, w a s............... ........................................................
16587100

Deficit tor the y ear.................... ........................................
Less extra dividend paid by the H. A- 8t. J. RR. Co. out
o f caab otrj'lue
band Decem ber 31,189 4
.........

$722,350 43
490,188 40

Total number of miles operated by the com pany Decem ber
3 1 ,1 6 9 5 .................................................................. '....... ............ 5,73064,00

Net deficit...................... ............ ................................

$232,362 03

Average number o f m iles operated during 1895...................... 5,730°*, qq

1893 COM PARED WITH 1894.
O w n earnings from operating in 1895
..............$24,874,191 94
Or,:>»s nam ing* tram operating In I $ » l ............................ 24,667,132 31
tnrP M M ta 1 S 0 S - ...........

$ 207,05903

LENGTH OF SECOND TRACK.

No second track was built during the year.
The num ber o f miles o f second track on Dec. 81, 1895, w a s :
in Illinois........................................................................ 204b1, 00
88*1,00

Operating expense* and taxes in ! $ 9 5 .................................... $16,710,538 86 In lo w a — ............
O perating expense* and taxer In 1891..........................
16,281,065 89 In N ebraska.....................................................................
....................................................

$126,172 97

47°,00

T ota l......................- .........................- .........................

20737,00

Net earnings from operating in 1*95.................................. $8,163,653<>SNo third or fourth track was built during the year.

Het earnings from operating to 1891 ................................
Decrease In 1895............................................................

8,383,086 42

CONSTRUCTION.

$219,413 34

There was expended for Construction during the year on
the Chicago Burlington & Quincy Railroad and Branches in
Illinois :

Percentage o f operating expenses (including taxes) to
*ro * »e a rn in g * in 1 *9 5 ......... ...........................................
Percentage o f operating expense* (including taxes) to
gross earnings in 1891 ........................... .........................

67-18

Increase so 1895............................. .............. ....................

D 16

Total number o f passenger* carried one m ile In 1895,
exclusive o f free m ileage .......................
In 1894 ........................- ..................................................

259,216,240
255,563,171

Inereane In 1 6 9 5 - ......

66-02

2,651,069

For New Viaduct at Hawthorne, Illin ois........ $51,389 56
For Land and Right of W a y .............................. 68,818 32
For New Iron Bridges..........................................
3,212 26
F or New B uildings...............................................
6,024 54
F or Misceha -toons C onstruction....................—
7,469 00
$136,913 68

On the Chicago Burlington & Quincy Railroad
and Branches in Iow a :

F or R educing Grades.......................................... $6,648 19
2,742 20
Gross earning* from passenger* In 18 95........ .................. $5,635,589 6t> Less M iscellaneous C redits................................
— — ---------G ro«- miming* from passenger* in 1 *9 1 ............... ..........
.3,685,573 17
Increase in 1895......................................................... .

$60.015 40

Total number o f ton* o f freight ca rd e d one m ile i n 1893 1,922,046,436
In 1884 ............. .................................................................. 1,770,402,607
Increase in 1 8 9 5 ............................. ............... ................

51,643.829

Orris, earning- from freight in 1 8 9 5 ............... .............. $16,135,165 85
1 tress earnings from freight In 1 8 9 1 .................................. 16,135,699 13
Decrease in 1893 ...........................................................

$533 28

C A PIT A L STOCK.

3,905 99

O11 the Burlington & Missouri River Railroad
in Nebraska and B ran ches:
For Land and Right o f W ay.............................. $23,437 31
F or New Buildings aud Water W orks.............. 51,329 08
F or New- Fences .................................................. 24,082 05
F or Nebraska C ity B r id g e ............................... 23,348 46
F or New Side Tracks............................................ 52,858 78
F or N ew B allast................................................... 97,175 55
6,968 00
F or replacing Bridges with Culverts...............
F or the Completion o f Work on New Lines
Opened in 1894.................................................. 152,698 84
6,204 06
F or New Telegraph Lines...................................
1,601 93
F or M iscellaneous Construction........................

The capital stuck o f the Chicago Burlington <fe Quincy
Railroad Company. in w hich there has been no change since

439,705 26
$580,524 93

tile dale nf tlie last report, is .......................................... $32,002,700 00
Capital stock o f »!>o Burlington A- Missouri
River Railroad Company tfowa) Decernber 3 1 .1 8 9 5 ....................................................
1,500 00

D educt for excess o f Premium over Discount on Bonds
sold and excess o f Discount over Premium on Bonds
purchased for Sinking Funds and canceled.....................

Aggregate, o f capital -took on D ecem ber 3 1 ,1 8 9 9 .......... $92,004,200 00

Total C onstruction..... ......................... .................................. $535,144 30
EQUIPMENT.
The cost o f equipment paid for during the year .b e in g for
air-brakes and automatic couplers for freight cars
and for m achinery w a s............................................................ 63,766 3o

No te .—After the C B. A
RR. Company bought the stock ofth e H.
A S t J. RR. Company in 1 893, and before the latter begun to pay dlvi
•tend* In 1**7, the Hannibal Company accumulated $1,313,063 67 o f
surplus earning*, o f which 8 -3 I.401 86 was spent for construction and
piftont purposes, leaving $478,66181 o f oath surplus. This has
been ln> reased sines 1 997 by small annual accumulations after paying
dividends, so that, on December 3 1 ,1 8 9 4 , the total cash surplus on
hand, or temporarily Inn tied on demand, was $519,508 19. OtU of this
*ti extra dividend a* above was declared in 1995,

45,380 63

Total construction and equipment............................................$597,910 65

There were no additions to the equipm ent during the
year.

THE CHRONICLE.

686
The equipment at the end of the year is

i follow s:

15
E ngines.......................................
875 B oarding oars
W recking ca rs......................
9
Passenger and com bination
c a r s ..........................................
565 B o x and cattle cars.............. 23,750
Platform and coal cars....... 6,904
B aggage, mail and express
c a r s ..........................................
174 Pile drivers.............................
6
D in in g ca rs.............................
11 Hand cars............................... 1,465
Officers and p ay ca rs..........
*10 B abble and iron oars........... 1,201
W ay cars...................................
396 Jnil snow plow s
*Tlie decrease o f one in the num ber o f officers’ cars as com pared
with 1894 is due to a clerical error in the 1894 report. The number
stated in that report should h ave been 10 instead o f 11.
GEN ERAL REMARKS.

The actual length of road in operation December 31, 1895,
was 5,730 miles, the same as on December 31, 1894.
The average number of miles operated by the Chicago Bur
lington & Quincy Railroad Company in 1895 was 5,730, against
5,636 the year before. The gross earnings per mile of road
operated were 84,841 05 in 1895, against $4,884 49 in 1894.
The operating expenses, including taxes, per mile, in 1895.
were §3,916 34, against $3,894 43 in 1894. The percentage of
operating expenses, including taxes, to gross earnings, in
1895, was 67T8, against 66’03 per cent in 1894.
The comparisons given on page 685 show that the tons moved
one mile increased 3 91-100 per cent as compared with 1894;
while freight earnings were substantially the same. Passen
gers carried one mile increased 1 03-100 per cent, while pas
senger earnings increased 1 07-100 per cent. The percentage
of operating expense; to gross earnings increased 1 16-i00p. c.
The year 1895, like 1894, has been a depressing one, and the
Company’s income was somewhat less than the four per cent
dividend on its capital stock—a very small return consid
ering all the circumstances.
Because five or six per cent is now regarded as a fair rate
o f interest on money loaned, it is sometimes assumed that it
is a fair profit on Capital invested in business. But this is
not at all true. Money loaned on good security is one thing
and money used in enterprises involving risk is a very differ
ent thing. If persons who take business risks never received
more than what would be considered a fair return on safe
loans, nobody would ever take such risks in building rail
roads, or in anything else. To leave this out of sight, and so
legislate that the owners of railroads, who take the risk and
often lose everything, shall not, when successful, receive
more profit than a fair return on good security, is a policy
which can only result in retarding and crippling the means
of transportation, and eventually forcing the public to pro
vide such means by taxation, with a long train of evils as
inevitable as they are obvious. Railroads necessarily must
take the risk of crop failures and business depression, and it
is both unjust and unwise to load them down, in addition,
with excessive taxation and arbitrary rate regulation, while
the prices of things they buy, and the wages they pay, are
left to the natural law of demand and supply. Nor is it only
the owners of the railroads who are interested in their earn
ing power. During the year 1895 we paid in wages and for
materials (the cost of which is mostly in wages paid to some
body in this country), to operate the roads embraced in the
Chicago Burlington & Quincy system, over nineteen millions
o f dollars. So the occupations and industries of communi
ties are affected—and often largely affected—by the earning
power and paying power of the railroads which serve them.
It is quite as desirable that railroads should be successful as
it is that business of any kind should succeed, and a very
great mistake to suppose that statutes which add to the
hazard and subtract from the profits of a great branch of
business like that of transportation can benefit the commu
nity at large.
The condition of our equipment has been improved during
the year; and last year’s estimate of about a million dollars,
required to put it into good shape, has been cut down about
one-half by repairs undertaken and paid for out of earnings,
in anticipation of a larger traffic in the last quarter of the
year than was actually carried.
The crops in 1895 were much better, on the whole, than in
1894, and we ought to feel some good effect in 1896, in spite
of continued low prices. The corn crop, as reported by the
Department of Agriculture, for 1895, was, in the five States
of Illinois, Iowa, Missouri, Kansas and Nebraska, 1,132,154,000 bushels, while in 1894 the crop was only 432,128,000
bushels, the smallest crop recorded m nineteen years. The
largest crop ever harvested in the five States was in 1889,
and it amounted to 1,217,983,000 bushels.
The corn crop of the entire United States in 1895 was 2,151,138,580 bushels, the largest crop ever harvested in any
one year.
For the period of twenty-six years, from 1870 to 1895, in
clusive, the average yield of corn per acre harvested was,
in Illinois 28‘4 bushels, in Iowa 31'5 bushels, in Missouri 28'4
bushels, in Nebraska 28'8 bushels, and in Kansas 27’2 bushels.
It is noticeable that the poor corn crops, taking the five
States together, and going back thirty-five years, were in
the years 1860, 1867, 1874, 1881, 1887 and 1894, making sixyear periods of plenty to one poor year, excepting the period
from 1881 to 1887, which was only five years.
For further details relating to the affairs of the Company,
reference is made to the Reports of the Treasurer and Land
Commissioner.
By order of the Board of Directors,
CHARLES E. PERKINS, President.

[V o l . L X II.

G e n e r a l A ccount.
THE CHICAGO BURLINGTON & QUINCY R A IL R O A D COM PANY
IN GENERAL ACCOUNT. DECEMBER 31, IS95.
DEBIT.
Capital Stock—
820.027 Shares C. B. & Q. stock ........................................ $82,002,700 00
B. & M. R. RR. (Iowa) stock ..............................................
1,500,000
$82,004,200 00
Funded Debt—
C. B. & Q. con. M. 7 p. e. bonds, payable July 1 ,1 9 0 3 .. $26,663,000 0 0
C. B. & Q. consolidated m ortgage bond s c r ip ...............
14,000 0 0
C. B. & Q. sink, fund 5 per cent bonds,
payable Oct. 1. 1901, issued fo r tile
St. Louis Rook Island & Chicago RR.
2,500,000 00
Less amount purchased for sinking
fund aud c a n o e le d ..............................
185,000 00
2,315,000 00
C. B. & Q. Iow a Div. m ort. sink, fund 5
per cent bonds, payable Oct. 1, 1919 $3,000,000 00
Less am ount purchased fo r sinking
fu nd and canceled................................
140,000 00
2,860,000 00
C. B. & Q. Iow a D iv. m ort. sink, fund
4 per cent bonds,payable Oet.1.1919 $11,295,000 00
Loss amount purchased for sinking
fund and canceled................................
3,035,000 00
8,260,000 00
C. B. & Q. sinking fund 4 per cent bonds, payable Sept.
1,1 921 , issued for the Burl. & Southwestern R y.......
4.300.000 00
C. B. & Q. sinking fund 4 per cent bonds, payable B’ ebrtiary 1. 1922 (Denver E x te n sio n )................................
7.968.000 0 0
C. B. & Q. 5 per cent bonds, payable May 1, 1913,
issued for Hannibal <fc St. Joseph RR. stock ................
9,000,000 00
C. B. & Q. Neb. Exten. M. sink, fund 4
per cent bonds, payable M ay 1 .1 9 2 7 $29,441,000 00
Less amount purchased fo r sinking
fund and canceled................................
2,390,000 00
27.051.000 00
C. B. & Q. convertible 5 per cent
bonds, payable Septem ber 1, 19 03.. $15,278,700 00
Less amount converted into stock ___
14,800 00
15,263,900 0 0
C. B. & Q. Chicago & Iow a Div. 5 per cent bonds, p a y 
able February 1 ,1 9 0 5 ...................... .................................
2.320.000 0 0
B. & M . R. RR. in Nebraska consolidated m ortgage
sinking fund 6 per cent bonds, payable July 1, 1918 12.894.000 00
B, & M. R. RR. in Nebraska sinking fund 4 p. c. bonds,
payable Jan. 1 ,1 9 1 0 , issued fo r At. & Neb. RR. stock
3.347.000 00
Republican Valley RR. m ortgage sinking fund 6 p. c.
1.078.000 00
bonds, payable Ju ly 1 ,1 9 1 9 ............................................
Total funded debt............................................................$123,333,900 0 0
Contingent Liabilities f o r B ranch Roads—
Ott. Os & F ox R. Val. RR., 8 p. c. b’ds, pay. Ju ly 1,1900. $1,076,000 00
Om. & So. West. RR. 8 p. e. bonds, payable June 1,1896.
669,000 00
Neb, Ry. 7 p er cent bonds, payable O ctober 1 ,1 8 9 6 ...
349,000 00
Atoll. & Neb. RR. 7 p, e. bonds, p arable M arch 1 ,1 9 0 8 .
1,125,000 0 0
L. & N. W. RR. sink, id 7 p. c. bonds, pay. Jan. 1,1 910 .
600,000 00
Matured coupons, n ot p resented.........................................
Coupon interest to m ature January 1 ,1 8 9 6 ...................
C. B. & Q. 7 per cent bonds to m ature January 1 ,1 8 9 6 .
Unpaid vouchers and pay rolls............................................
Sundry current accoun ts.......................................................
Bills p ay able............................................................................

$3,819,000 00
$114,659 50
1,533,997 50
511,000 00
900,020 86
1,205,024 60
500,000 00

$4,764,702 00
Profit and l o s s ......................................................................... $14,688,277 95
R new al fu n d ................................................... ................... *9,000,000 00
Incom e a c c o u n t ...................................................................... $11,935,692 74
Sinking Funds, showing the total o f p aym ents to and
accretions o f Sinking Funds for—
C. B. & Q. 5 p. c. b d s .o f 1901 (aoot. S t.L .R . I. & C. RR.) $1,580,009 90
C. B.& Q. 4 and 5 per cent bonds, 1919 (Iow a D ivis'n)
3,033,192 48
C, B. & Q. 4 p er cent bonds of 1921 (B. & S. W. R y .)...
826,080 17
C. B. & Q. 4 per cent bonds o f 1922 (Denver E xten s’ n)
1,523,533 97
O. B. & Q. 4 per cent bonds o f 1927 (Nebraska E xten.)
2,151,280 46
B. & M. R. Rti. in Nebraska 6 per cent bonds o f 1918.
3,843,841 60
B. & M. R. RR. in Neb. 4 p.c. bonds of 1910(A.&N.RH .)
1,530,584 02
Republican V alley RR. 6 per cent bonds o f 1919..........
281,823 33
L incoln & N orth w estern RR. 7 per cent bonds o f 1910
145,062 57
$14,915,411 50
$264,461,184 65
CREDIT.
Construction Accounts—
Am ount o f construction and equip
ment reported Decem ber 3 1 ,1 8 9 4 ..$ 1 1 8 ,6 3 8 ,3 0 6 58
Am ount expended fo r construction on
main line in 1895..................................
155,337 91
Am ount expended for equipt. in 1895.
62,766 35
------------------------- $118,856,410 84
Cost o f Branch Roads—
Cost o f branch construction reported
D ecem ber 31, 1894............................... $81,042,378 9S
A m ount expended fo r construction on
branches m 1895..................................
379,806 39
------------------------- 84,422,185 37
Cost o f investm ents in H annibal & St. Joseph, Kansas
City St. Joseph & Coum il Bluffs, Chicago B urlington
& Kansas City, St. Louis K eokuk & Noithwestern,
Humeston <fc Shenandoah, Chicago Burlington &
Northern, and other railroad securities........................ 36,346,930 82
Sundry investm ents...............................................................
3,471,386 51
M aterials on hand fo r future u se.......................................
1,765,545 1 6
Trustees o f Sinking Funds, showing the cost o f un
canceled securities and cash awaiting investment
held in Sinking F unds fo r —
C. B. & Q. 5 p er cent bonds o f 1 9 0 1 ...
$1,403,970 42
C. B. & Q. 4 per ceut bonds o f 1 9 2 1 ...
826,080 17
C. B. & Q. 4 per ceut bonds o f 1 9 2 2 ...
1,523,533 97
B.& M .R.RR.in Neb. 6p.e. bds. of 1918.
3,843,844 60
B.& u.K .R R .inN eb. I p .c .b d s . of 1910.
1,530,5-1402
Repub. Val. RR. 6 p. e. bonds of 1910..
281,823 33
L incoln & Nor, W .R R .7 p.c. bds. o f 1910
145,062 57
9,554,899 08
C urrent A ccounts—
Sundry available securities................... $2,704,340 88
Sundry accounts and bills receivable.
3,045,208 18
Cash on hand............................................
4,294,277 81
10,043,826 87
$264,461,184 65

THE CHRONICLE.

A pbil 11, 1896. J

687

I ncome A ccount .
T H E CHICAGO BURLINGTON & QUINCY R A ILR O A D COMPANY
IN ACCOUNT W ITH INCOME ACCOUNT DEC. 31. 1893.

MEXICAN IN TE R N A TIO N A L RAILROAD CO.

DEBIT.
Dec. 31 ,189 4—For balance as per annual report o f 1894.$12,168,054 77
Deo. 31.189 5— For freight earnings....................................$16,135,165 85
F or p assenger earnings ............................. 5.655,588 66
F or m iscellaneous earnings...................... 3,083,437 43

ANNUAL REPORT FOR THE YEAR ENDING DECEM
BER 31, 1895.

N e w Y o r k , March 17th, 1896.
The President and Board of Directors submit herewith
$24,874,191 94 their report o f the Company’s transactions for the year end
For Int. on securities o f controlled roads.
$690,067 26 ing December 31st., 1895.

F or dividends on stock
do
do
For other Interest and incom e...................
F or extra dtv. on stock o f H. * St. J. RR.

335,094 48
390,100 42
490,188 40
$2,405,450 56

For net receipts from B. it M. R. RR. in
Nebraska Land G ra n t............................

$41,372 58
$39,489,069 85

CREDIT.
B y operating ex pen ses............ ........ ................
.$15,433,094 07
B y rent o f tracks and d e p o ts.........................
.
229,860 15
B y taxes. State, coun ty and c ity ...................
. 1,277.41179
B y interest on bonds—
C. B. it Q. R R ....................$5,315,617 18
Bur. A M. Rlv. KR. in Neb.
907,520 00
64.680 00
R epublican Valley H R ___
■$6,287,817 18
- ,<
0 6 0 OO
Ottawa Oswego Ac F ox R iver Vail. R R ..
86
Omaha & South W estern R R . . . . . .
53.1520 00
Nebraska R a ilw a y ...........................
24.-430 OO
78,'750 00
A tchison A Nebraska R E ...............
L incoln Ac North W estern R R .........
42.1,000 00
6,572,627 18
B y cash paid to sinking funds for—
C. B. A Q. 5 s o f '01 (acet.3t. L.R.I.AC. R R ) $59,250 00
C. B. A Q. 4a A fts o f 1919 (Iow a D ir .)..
211.170 00
C. B. A Q. 4s o f 1921 I Burt. A .-.W. By.) .
43,000 00
C. B. A Q. 4s o f 1922 (Denver E xtens’ o)
79.680 00
c . B. Ac o . 4s o f 1927 ( Nebraska Extern)
293.902 92
B. A w. R. RR. In Nebraska 4 per cent
bonds (accoun t o f A. A N. R R .)..........
66,940 00
Lincoln A- sorth W cst'n RR. 7 p c . bonds
6,000 00
760,242 92
B y dividends—
March 15, 1895. 1 per c e n t ....................... $920,027 00
June 15 ,189 5, 1 p e rc e n t ........................
820,027 00
Septem ber 16. 1893, 1 p e r c e n t ............
8 2 0 .0 2 7 0 0
Decern oer 17. 1895. I per cent ................
920.027 00
3,280,108 00
By balance at credit o f incom e account

$27,553,377 11
11,935,692 74
$39,439,009 85

O perations o r Controlled Roads .

The railroads controlled by this company whose ope rat ions
and mileage are not include 1 in the foregoing statements
consist of 1,103* miles of standard-gauge railroad and 169
miles of narrow-gauge railroad owned, and 87 o f standardgauge leased and operated jointly with other companies.
They earned, gross, for the year 1895:
Emm freight ................................................... $3,892,942 30
From passengera............................................ 1,794,154 33
From m»U, express ami miscellaneous ... 1,091.075 19
.

$1,778,172 11

Operating expenses and charges were :
O perating expen se*..............................................$1,091,930 32
T a x es.......................................................................
113,615 13
Rent o f tracks and d epots.............................
103,590 29
Sinking funds.............................
..
21,000 00
Int. on bds. not owned by C. B .A tj. RR.Cu.
86 5.91 500
.
$5 ,229,08121
Interest on debt ow ned by
the C. B. A Q. RR. C o........ $690,067 26
O ther interest.........................
7,605 13
697,672 09 5,920,753 93
Leavtng net earnings.........................................................
A d d fo r
Net receipts o f H. A 8t. J. RR. land departm ent..............

Out of which have been paid
D ividends on sto ck ....................................................................
8urpln* for the y e a r ..........................................................

$951,118 IS
6,519 83
$857,938 01

MILES OF ROAD OWNED.

The Company owns the following miles of railroad :
Mites. Kilom eters.
Main Tine—Ciudad Porfirio Diaz to Durango......... 540-44
869-74
B ranches—Sabinas to Ilnudo...................................... 12 43
20 00
M onclova to Cuatro Cienegas................. 42-48
68-36
Hot-nos to San P edro........ 1..................... 14-35
23 09
Pedricena to Velardena...........................
5-82
9-37
Total........................................................................... 615-52
Sidings.............................................................................. 60-29

990-56
9703

Total miles o f track................................................ 675 81

1.087-59

The branch from Monclova to Cuatro Cienegas was opened
to the public for business in August, 1895. The average
number of kilometers operated for the year was 947'23,
against 922 T9 kilometers in 1894, an increase of 25'04 kilo
meters for the year.
The line to Cuatro Cienegas affords convenient railroad
access to the rich agricultural and mineral resources of the
adjacent region. This line has been graded for 71 kilometers
beyond tin end of track; but delay in receipt of rails led to
the suspension of this work, which was not resumed during
the year. The importance, however, of the construction of
this line has been demonstrated, as the mines in the vicinity
of the section now completed furnished last year over 800
car-loads of ore to be hauled, while from Sierra Mojada,
distant but 110 miles from the present terminus, there were
received 2.636 car-loads by the existing circuitous route of
Escalon and Torreon.
The grade on the extension towards Monterey was comdleted to the vicinity of kilometer 42. A change in the
control of the Monterey & Mexican Gulf Railroad, which
has been in progress for a long time, was consummated
during the year; and, soon after the new owners were in
possession, steps were taken which promised to afford this
Company ample facilities in and out of the city of Monterey.
The progress made towards securing an entrance there justi
fied this Company in discontinuing work on this line for the
present, as such an outlay of capital should only be made to
assure this Company its share of traffic from that city and
beyond, which it is believed will now soon be secured with
out further investment, by an operating arrangement with
that road, which connects with the Mexican International
Railroad at Trevino.
Engineers have located and secured plans for various
extensions and branches to the property. Of these the most
important is the extension of the line beyond Cuatro Ciene
gas, via Sierra Mojada. to the Pacific Ocean, and of the
existing main line southward from Durango, preliminary
plans for which have been approved by the Government.
The contract between the Republic of Mexico and the Com
pany gives the right for a line from the frontier to the City
of Mexico, with additional lines to both the Pacific Ocean
and the Gulf of Mexico; and the best routes to be occupied
by such lines have been and will continue to be carefully
studied. Plans for several local lines have also been pre
pared and their approval by the Government has been
secured, so that, besides the lines now in operation, the
work of reconnoissance, survey or actual construction of
grade has been done upon 1,388 kilometers of road. Each
of these, as constructed, will, it is believed, increase the
business of the road both in tonnage and revenue, as that
has thus far followed every addition made to the operated
lines of the Company.
EARNINGS.

835,217 43

The transportation earnings and expenses (in Mexican cur
$22,690 58 rency) for the year have been as follows:

'The Increase in mileage of the controlled roads from that staled in
From
This Tear.
the report for 1 -9 4 is due to the purchase, during 1895, from the P assen gers.............................. $280,617 62
W.«l>a*h Railroad Company of its one-half interest In the Hiuneston E x p r e ss...................................
26,295 10
A Shenandoah Railroad.
F reigh t..................................... 2,197,463 36

Out of the above amounts paid for interest and dividends,
the Chicago Burlington & Quincy Railroad Company re
ceived, for interest on securities held by it, $690,067 26. and
for dividends on stocks. $885,094 48. and in addition thereto
it r- e d l ‘ ‘I out of an extra dividend paid by the Han. & St. Jo.
RR. Co. $490,188 40, as stated on page 685,
The total outstanding debt of all these properties not owned
by the Chicago Burlington & Quincy Railroad Company on
December 31. 1895. was $13,503,000, as per detailed statement
below. The decrease from the amount stated in the report
for 1894 is dne to the purchase and cancellation of $21,000 of
Nodaway Valley & Tarkio Valley bonds.
Han. A 8t. Jo. HR. r*o. On.r. bond*, parable Mar. 1, 1911. $3,000,000 00
Kan. C. f*t. Jo. <<cC B. RR.Co.7pc. bdL. par.Jan.l, 1907. 5,000.000 00
Tarkio Val. KR. f ’»». 7 p.e, i»onu*», payable June 1, 1920..
205.000 00
Nodaway Val. Eft. Co. 7 p. r. bda.. payable June 1, 1920.
238,000 00

Car m ileage.............................
Locom otive m ileage...............
T elegraph................................
Sundry sources.......................
R entals.....................................
International brid ge............

52,203
7,64 4
7.104
59,181
29,449
4,167

56
00
09
08
97
30

Total.................................. $2,664,126 08
Operating expen ses............. 1,597,355 32

,— During Tear rSgj.— .
Increase.
Dtcrease.
$72,065 76
6,221 32
323,488 45
26,929 70
$349 13
454 34
52,980 73
13,002 02
1 ,120 10

$495,004 61
315,539 49

Earn's over oper. expen ses..$1,066,770 76
$179,465 12
Earnings over operating expenses, as above.....................$1,066,770 76
Interest on open accounts.......................................................
8,834 8.)
Total receip ts...
Less stamp tax paid

$1,075,605 65
18.166 00

Leaving, in M exican currency..............-........................$1,057,439 65
Whic-h, converted into U. 8. currency at the rate of
51-83 cents for the silver dollar, leaves........................... $ 5 4 8 ,0 /0 97
1 A gainst tliis is chargeable in U. s. currency, viz-:
Total as abore........................................................... $13,503,000 00 One y e»r’s interest on bonded d ebt............... $560,000 00
j*:?*??
Noth—Tbe operation* and mileage of the Chicago Burlington & General expenses..............................................
1,305 82
571,104 71
Korr'i
Included In till* atatement That, road in Interest, discount and exchange...................
1895 showed a deficit of $350,716 05, against a deficit or $335,406 40
$23,033 74
Leaving a deficit of.
In 1804, after paying expense* and Interest.

68b

THE CHRONICLE.

[VoL, L X II.

The earnings in M exican currency have been converted
in to U. S. curren cy at 51-83 cents for the silver dollar, w hich
is the average price realized on the rem ittances fo r the year.
In 1894 this price was 53T3 cents; in 1893, 61 ‘62 cents, and
in 1893, 66'67 cents. The exception ally low price for silver,
exten din g over the entire year, operated to produce the
above deficit. There is, how ever, every in dication that the
lim it o f the fall o f silver has been reached, and a gradual
appreciation in its value has m anifested itself since the close
o f the year, and M exican dollars are n ow quoted at about
55 cents, and at this price the net earnings in 1895 w ould
have exceeded the fixed charges. The earnings o f the Com
pany continue to im prove at quite a satisfactory rate, and
the steady im provem ent in the econom ic and financial con 
ditions o f M exico, and particularly that part o f the Republic
traversed b y the Com pany’s lines, could not, perhaps, be
better illustrated than in the follow in g statem ent o f the
continu ed im provem ent in the gross earnings o f the Com
pany from the begin in g o f its operations:

W h ile the financial results, as above set forth, are o f first
im portance, reference to Table No. 11 [in the pam phlet r e 
port] w ill afford an index to the chai-acter o f business done,
its volum e and increase, in the classification therein given o f
freight carried.
D in in g the year, exclusive o f coal m oved for Com pany
use, there were 225,377 tons o f coal and coke transported,
3,360 car-loads o f w hich were shipped in to the U nited States,
against 173,410 tons shipped and 2,286 car-loads exported in
1894.
The shipments o f silver, lead and iron ores and bu llion
am ounted to 105,754 tons, exceeding the previous year b y
18,263 tons, and affording 809 car-loads o f traffic over 1894,
all o f w h ich increase was consum ed b y M exican smelters,
while all the bullion and 138 car-loads o f the ore were
exported.
Cotton continues to be an increasing source o f traffic to
tbe road. In 1895, 34,973 bales w ere hauled, an increase o f
11,748 over 1894. O f this 10,247 bales were foreign and
A verage
Average
A verage 24,726 bales were grow n adjacen t to tb e railroad, bein g
Kilom eters
Gross
E arnings p e r
E arn ings
14,633 bales o f hom e-grow n product transported in excess o f
Year.
Operated.
Earnings.
Kilom eter.
p e r Mile. that in 1894; 11,526 tons o f cotton seed, meal and oil have
1895..................... .947-49
$2,664,12t> 08
$2,811 77
$4,528 12
1894.......................022-19
2,169,121 47
2,352 14
3,785 29been transported besides the cotton m oved.
1893.......................922-19
2,050,934 01
2,226 15
3,579 04 The m ovem ent o f flour has been in excess o f last year.
1892.......................746-37
2,095,726 14
2,818 71
4,518 67The road has m oved, h ow ever, less than h alf the grain
1891.......................658-30
1,197,856 55
1,819 69
2,924 02
1890.......................637-38
1,126,366 41
1,745 64
2,839 77hauled in 1894. Still, crops o f cereals along the road have
1889.......................636-34
911,698 51
1,432 73
2,305 64been very satisfactory, and have been consum ed in the
1888.........
573-97
656,781 41
1,144 28
1,841 47 region or hauled to m ills b y the farm ers’ ow n teams. There
1887.......................273-58
237,394 13
867 73
1,396 43
185,150 25
676 76
1,098 11 has been, however, a condition o f general prosperity through
1886....................... 273-58
1885.......................273-58
153,916 18
562 59
905 39out the country, and 42 per cen t m ore m anufactured goods
1884.......................245-20
103,307 98
421 49
612 37have been transported than in the previous year.
Mills
The earnings for the year 1895, the largest in the history previously located in the v icin ity o f the railroad, and n ew
o f the Com pany, are particularly gratifyin g, as th ey reflect, ones put in operation during the year, find a larger dem and
under the average norm al condition o f trade w hich pre for their m anufactures than th ey can supply, and this favor
vailed for that year, the steady im provem ent in the material able condition for m anu factu ring appears to be assured so
prosperity o f the com m unities served b y these lines, and long as the cost o f the im ported necessities o f life, based on
the steady g row th o f the Com pany’s business resulting the M exican standard o f values, continues so m u ch higher
th erefrom . The exception ally good show ing per m ile o f than the dom estic article.
D uring the year an unusual dem and for live stock in the
road in 1892 resulted alm ost entirely from the large corn
shipm ents in to M exico that year to relieve the fam ine caused U nited States led to the transportation o f 739 car-loads o f
b y long-continued drought.
cattle and 6 car-loads o f horses in to Texas from territory
The net results from the year’s operations show an in  tributary to this road. There has also been a fair dom estic
crease in the gross earnings o f $495,004 61, or 22-82 per cent, m ovem ent from the v icin ity o f the road to the interior o f
and in operating expenses o f $815,539 49, or 24-61 per cent, the Republic.
The increase in the earnings o f the International B ridge
leaving a gain o f $179,465 12, or 22-25 per cent, over 1894.
Earnings from local passengers w ere $233,164 93, an in m ay be regarded as in some measure an in dex o f the foreign
crease o f $41,311 90, and th ey form ed 84-33 per cen t o f the business o f the Republic, although for the past year, ow in g
total passenger revenue. From through passengers earnings to unusual efforts to secure traffic b y the routes via Tam pico
w ere $43,349 11, an increase o f $26,650 28 over 1894. In the and Vera Cruz, the great bulk o f foreign business passed
num ber o f passengers carried there has been an increase o f through those ports. In 1895 there w ere 1,371 m ore car
70-18 per cen t in first class, 26-87 per cen t in second class loads o f merchandise im ported to M exico via Ciudad Porand 30'66 per cen t in third ciass, and in all passengers car firio Diaz than in the previous year, the total value th ereof
ried an average increase o f 32-79 per cen t for the year. The being $1,745,966, w hile exports exceeded 1894 b y 1,481 car
average receipts per passenger for all classes per kilom eter loads, the total value o f w h ich was $1,990,336.
In tranferring cars at ju n ction points an actu al saving o f
w as 2-203 cents, against 2-383 cents in 1894. The advantages
o f the operation o f a through Pullm an car service betw een $13,177 39 has been made, 2,719 cars having been so handled
San A n ton io, Texas, and the C ity o f M exico, referred to in at a cost o f $3,900 77.
the last annual report, are m anifest in the above increase
OPE R ATIN G EXPENSES.
in earnings from through passengers, w hich , in 1895, form ed
The operating expenses have absorbed 59-93 per cen t o f
15’67 per cen t o f the total earnings, against 8 per cen t in 1894. the gross earnings, against 59’09 per cent in 1894. They are
The im provem ent in the m aterial prosperity o f the people is $315,539 49, or 24-63 per cen t greater than in 1894. Tbe
reflected in the general im provem ent intravel o f all classes, details o f these expenses are shown in Table No. 8 [in pam 
25,402 m ore passengers h aving traveled in 1895 than in 1894. phlet report], and have been:
Earnings from coal and coke w ere $938,504 23, an increase
,--------D uring Tear 1895.-------- ,
o f $259,064 00, or 38-13 per cen t; from other local freight,
F or—
This Tear.
Increase. Decrease. P. Ot.
$975,926 46, an increase o f $147,735 33, or 17-83 per cent, Maint. o f w ay and stru ct.. $430,642 80 $99,780 06 .................. 30-15
Maint.
of
equipm
ent.........
334,533
71
76,203
06 .................. 29-49
and from through freight, $283,032 67, an increase of Conducting transportat’n
627,712 93 1 1 7 ,5 1 1 4 6 .................. 23-03
$17,342 24, or 6-52 per cent. The total fx-eiglit eax-nings General expenses..............
204,465 88 22,044 91 .................. 12-08
increased $323,488 45, or 17-26 per cent, the num ber o f tons
$1,597,355 32 $315,539 49 ................ 24-63
carried 24-66 per cent, and the tons carried one kilom eter
M aintenance o f W a y and Structures.—The principal items
21-27 per cent. The average receipts per ton per kilom eter
w ere 1-499 cents, against 1-475 in 1894.
of increase in these expenses were : In repairs of roadway,
E xcept for revenue stamps, the Com pany is exem pt, under $34,259 80. mainly for expenses incident to exchanging on
its concession, from all taxes; so that the entire surplus the main line 93-50 kilometers of 50-pound-per-yard steel
earnings are available for the paym ent o f interest on the rails originally laid for heavier rails. The rails taken out
capital invested in the enterprise. Furtherm ore, as the of the main line, being of ample weight for the traffic on
railroad has received no subsidy from the G overnm ent, the branch lines, will be used in the construction or extension
property is w h olly dependent upon its revenue to m eet its of such lines. In renewal of cross-ties $25,235 69, and $31,cost o f operation; and there are no contingen cies o f either 225 45 in renewal of timber trestling. It is proposed to close
assets or liabilities aw aiting settlem ent betw een the G overn up the length of a number of the waterways put in during
m ent'and the Company.
the construction of the road, as renewals become necessary,
The earnings and operating expenses per kilom eter and and substitute either stone culverts or cast-iron pipe where
per m ile o f road operated for the year and per revenue train this is practicable. Also to replace with creosoted timber
such openings as require to be maintained, and by these
kilom eter and m ile have been as follow s:
measures materially reduce this item of expense, which
Gross
Operating Ovtr Operat amounted to $84,813 86 in 1895.
Earnings.
P er kilom eter o f road, 1 8 9 5 ... ..$ 2,81 2 54
do.
do.
1 8 9 4 ... .. 2,354 66
Increase.................................. . .

Expenses. ing Expenses.
$1,686 45
$1,126 09
1,391 57
963 09

$457 88

$294 88

$163 00

P er re venue train kilom eter, IS 9 5. $1 7 0 3 3
do.
do.
do,
1894. 1 52-11

$1 02-13
89-47

68-20
62-64

12-66

5-56
$1,827 22
1,548 25

Increase...................................
P er m ile of road, 18 95................ ..$ 4 ,5 4 0 76
do.
do. 1894............... .. 3,785 29
Increase...................................
P er revenue train m ile, 1895... . . . $2 75-54
do.
do.
do. 1894... . . . 2 43-74
Increase.................................

$2,713 54
2,237 04

1895.
Num ber o f cross-tics put in tra ck ............................. 84,962
Equal to kilom eters o f track........................................
51-74
A ngle plates, N o...........................
399
F ishplates
“ ............
616
T rack bolts “ ............................................................. 49,250
Spikes, lbs..................- . - ............................................... 151,193
Piling used in repairs tim ber trestling, tin. f t ......... 33,026
Lum ber
“
“
“
B .M ..........380,685
Lineal feet of trestling renew ed................................
5,236

1894.
53,236
32-42
1,772
1,456
9,509
32,633
8,151
391,572
1,592

O f the ties put in track during the year .49,654 w ere ob
tained from tbe v icin ity o f the road.
Maintenance o f Equipment —The principal item o f increase
in these expenses has been in repairs o f freigh t cars, w h ich
10-56 are $54,364 38, or 70-58 per cen t greater than in 1894.

$476 50

$278 97

$1 65*20
1 43-96

$1 10*34
99*78

21*24

T h e m a teria ls used in repairs a n d ren ew a ls d u rin g th e
y e a r have b een :

THE CHRONICLE,

A p r il 11, 1896.)

Included in this expenditure, however, is the cost of 19 new
box, 5 stock, 5 gondola and 3 flat cars, all of the 30-ton ca
pacity, and the cost o f replacing 7 box cars and 1 stock car
destroyed during the year. There has also been an increase
in the "mileage of these cars o f 15-60 per cent, and the exten
sive repairs made during the year have placed this equip
ment in thoroughly serviceable order.
In the Company's foundry 905,113 pounds of iron castings
and 75,332 pounds of brass castings were made during the
year. A plant for making railroad car wheels was estab
lished toward the end o f the year, and the few wheels which
have been cast have shown satisfactory tests.
The Company owns 46 locomotives, 36 passenger cars of all
kinds and 1,455 freight cars. Their condition, the general
character of the repairs made during the year, and cost of
maintenance, are more fully shown in Tables Nos. 13, 13
and 14 [in pamphlet report).
In consonance with the Company's policy to enlarge the
field for the employment o f Mexican labor as much as possi
ble and promote local enterprise, there were added to the
equipment of the blacksmith shop a steam hammer, shears
and bolt heading and forging machine. The purchase of the
tools will enable the Company to manufacture for its use
axles, bolts and a number of other articles formerly pur
chased abroad. The new machinery added during the year
to the machine and car shop will enable the Company to do
its work more expeditiously as well as more economically
than was possible heretofore.
Coruluctin'j Transportation.—About one-half of the in
crease in these expenses results from a change in the dis
tribution o f the earnings and expenses put into effect
January 1st, 1895. Prior to that date only the balance
between sleeping car earnings and expenses, and of the
balance of earnings from car mileage or payments therefor,
were reported. Beginning with 1895, however, the full
amounts received or disbursed on each o f said accounts are
reported respectively as an earning or an expense. This
change, although adding to the earnings $86,138 49, added
$57,195 62 to these expenses. The principal items in the
remaining increase in these expenses are: For locomotive,
car and train service anil casualties, $58,349 81. or 13'38 per
cent, and resulting mainly from the increase o f 1*81 per
cent in kilometers run by revenue passenger train and of
15 93 per cent in kilometers run by revenue freight train.
Station service increased $14,158 47, or 11‘87 per cent, result
ing mainly from an increase in tons carried o f 24’66 percent.
General Exjtensex.—The increase in these expenses results
mainly from the increase in traffic. Custom-house expenses
and “ xpenses appertaining to the Company's residences.
The details o f these expenses are fully shown in Table No. 8
[in pamphlet report).
BETTERM ENTS AN D ADD ITIO N S

There was expended during the year in Mexican currency,
for construction an l improvement, $160,417 02; for equip
ment, $6,274 24, and for real estate. $9,471 61, a total of
$176 ,192 87. Tiie details o f these exjHjnditures are shown on
Table No. 6 [in pamphlet report) .J
GENERAL REMARKS

Mexican citizens continue to be employed in increasing
numbers in all available avenues in the operations of the
Company, and their services have been well and faithfully
performed during the year. With increased knowledge of
railroad duties, they continue to supplant foreigners in the
details of the Company’s operations. Apprentices are being
educated in the different branches of the work. They are
young men recommended by the civil authorities or who
come to us from families in the neighborhood without other
endorsement than their desire to learn a trade. They prove
efficient, reliable and progressive, and it is hoped that
further advancement in the practical education of these
youths will soon be possible through the realization of plans
already under consideration.
At the close of the year 2,459 Mexican citizens were on the
pay-rolls of this Company and the other enterprises affiliated
with it south o f the Rio Grande.
The hospital arrangements continue satisfactory. 2,296
patients having be -n treated daring the year. The club, the
houses Jand the various hotels provided by the Company
have each contributed in maintaining efficiency and con
tentment among all classes of employees. A number of new
cottages for families o f employees have been erected during
the year at different points on the road, and an increasing
demand for them is manifested, as those in the employ of
the Company realize that continuation with the Company is
dependent upon faithful service rather than the dictation of
irresponsible organizations.
The relations between the Government and the Company
continue to be mutually satisfactory. All current claims
for service- rendered have been promptly settled without
contest: and it is a source of satisfaction to report that
during tie- year all open amounts incurred by the Company
against the Government under previous administrations
have b ’ -n liquidate I through the various departments by
tb" Company's R-present itive at the capital. And this
occasion is availed of to make acknowledgment to him for
his attention to these an l the many other exacting duties of
his office, and to express satisfaetion for the results obtained
by Ins efforts in behalf of the Company.
In the wider relations between the Company and the na
tion, cordiality continues to be maintained, and iD all direc

689

tions evidences are increasing o f a desire to promote rather
than to restrict the development of public enterprises. With
a continuance of the present encouraging attitude of the Gov
ernment imder the presidency of General Diaz towards im
provement and progress, the increase o f foreign capital seek
ing investment in Mexico, already so marked, will be mani
fested in the further establishment o f new enterprises of all
sorts, and with the exceptional facilities the region traversed
by this road offers, the volume of business drawn to it will
doubtless continue to be of increasing magnitude and profit.
The road is of the standard gauge of four feet eight and
one-half inches. The lines are all well situated, both with
reference to development and physical location, and the
gradients do not exceed one per cent, which enables the
Company to handle a large tonnage at a minimum of ex
pense. A ll the important bridges are of iron, resting on ma
sonry. All other structures and appointments are ample and
o f substantial character.
The year closes with the company’s property in excellent
physical condition, and the Board of Directors expresses its
thanks to Mr. L. M. Johnson, the General Manager, and
to each official and employee who has contributed to the
satisfactory results herein enumerated.
By order of the Board,
C. P. HUNTINGTON,
President.
Seattle Lake Shore & Eastern Ry.—D a t e o f S a l e —The
foreclosure sale of this property is advertised for May 16,
1896, at Seattle. All but about $70,000 of the bonds have been
deposited under the plan. The time for deposits expires April
15.—V. 62, p. 643.
St. Louis Oklahoma & Southern Ry.—Right o f Way in
Indian Territory.—The act authorizing this company to con
struct and operate a railway through the Indian Territory and
Oklahoma has become a law. The right of way granted is as
follows: Extending from a point between Claremore and
Saoulpa, on the St. Louis & San Francisco RR., westerly and
southerly, to Stonewall, on the Red River, at or near Willis,
I. T., and from thence to Aransas Pass, Tex., with a branch
running southwesterly to or near Purcell, I. T., thence south
westerly to El Paso, Texas. The freight and passenger rates
are to be within the control of Congress. Fifty miles at least
must be built within three years, and the road must be com
pleted within five years thereafter.
Standard Telephone & Telegraph.—Philadelphia Ordi
nance Approved.—The Philadelphia Ledger says :
The ordinance passed by Connells yiviuir this com pany the right to
construct and operate a telophonlo system has received the approval
of Mayor Warwick. The com pany must operate an underground sys
tem. v ice to tiic city one duct or Ohara her in its conduits, expend not
less ttian *2 10.000 and have iu operation 2,000 telephones within a
year from the time the plans are approved, these ’phones to he sup
plied at #75 per annum for business establishments and $50 to private
bouses, and pay annually to the city 3 per cent o f the gross receipts.
The Drawbaugh Company declined to accept a similar ordinance on
the staled ground that it could not profitably carry on business on
such terms.

Union Paciilc Ry. Co.—Coupon Payment.—Coupons of the
5 per cent collateral trust bonds will be paid on and after Mon
day, April 13, 1396. by the New England Trust Company,
Boston, Mass.—V. 62, p. 643.
Westinghouse Electric & Manufacturing Co.— N e w S t o c k .
—The stockholders will vote June 4 on a proposition to in
crease the capital stock from $10,000,000 to $15,000,000. Of
the new stock $3,000,000 has already been sold. President
George Westinghouse, Jr., in a circular regarding the in
crease, says :
Your directors are pleased to announce that an arrangement
has bf*eo entered into with the General E lectric Company. It is
believed that this arrangement with reference to pateuts will lead to a
large and profitable increase in the business o f both companies. Your
board of direotors has accepted an offer for $3,000,003. par value,
of your com pany’s second preferred or assenting stock on terms whioh
they regard as iiighly advantageous. The sale of this stock will enable
the com pany to care for its floating debt, whioh has been incurred be
cause or the building of its new works and other necessary expenses
in providing for a Urge increase iu the volume o f business. The cur
tailment of expenditures for patent litigation aud the liquidation o f
Indebtedness on which iuterest had to be paid will considerably in
crease the amount o f net earnings and make these sooner available for
distribute u am ong the stockholders. The board recommends that, at
the m eeting called, the total authorized amount o f the capital stock be
increased from the present, amount. $10,00 y » *0, to $15, >00,000. all of
the new stock to be of the sa ne character as the present assenting
stock, and the balance o f stock, which will remain after the delivery of
the $ 3,000,000 or stock sold, to be Issued from time to time by the
directors as it may be needed for the exteusion of the com pany s
business. -V. 62,
635.
___

p.

—It will interest our readers to learn that Messrs. John C.
Hartfield & S >n, 71 Broad Street, have just completed a third
edition of “ The Bankers', Brokers’ an l Stock Operators Tele
graphic Cypher.” In their advertisement in the front part of
to-day’s C h r o n i c l e some important features embodied in the
work are mentioned, and the fact that this firm have com
piled codes for such houses as J. P. Morgan & Co., Brown
Bros. & Co., Baring, Magoun & Co., Heidelbach, Ickelheimer
& Co., Kidder, Peabody & Co., Bank of Montreal, J. & W.
Seligroan & Co., Eadenburg, Thalcnann & Co., and others, is
an assurance of the character of this cypher.
—Frederic H. Hatch, 66 Broadway, buys and sells all mis
cellaneous industrial securities, and advertises this week Na
tional Wall Paper. Trenton Potteries, Union Typewriter and
Tenth and Twenty-third St. Ferry stocks.

THE CHRONICLE,

690
J C lic

(& 0 m m z v t m l

[VOL. L A lI,
C O T T O N .

jin x e s .

April 10, 1896.
by our telegrams
COMMERCIAL
EPITOME.
from the South to-night, is given below. For the week ending
this evening the total receipts have reached 57,967 bales,
F rid ay N ight , A pril 10,1896.
against 60,203 bales last week and 76,237 bales the previous
Snow fell in northern latitudes early in the week, and week, making the total receipts since the 1st of Sept., 1895,
although clearing weather followed, the temperature is low 4,880,881 bales, against 7,437,308 bales for the same period of
for the season. Congress adopted resolutions favorable to the 1894-5, showing a decrease since Sept. 1,1895, of 2,556,427 bales.
belligerents in Cuba, and expectation has been on tip-toe re
Wed. Thurs.
Receipts at—
Mon.
Tues.
Sal.
Fri.
Total.
garding the action of President Cleveland in the matter. G alveston........
765 4,234 2,363 2,008 2,023
770 12,163
Otherwise the diplomatic situation is quite calm. General
.........
.........
Tex. City, &c. .........
......
......
2,958
2,958
trade continues rather below the average, but there has been New O rleans... 1,749 3,496 5,055 1,005 1,725 1,022 14,052
14
21
246
5
23
571
880
in the past few days a distinct improvement in the minor M obile...............
F lorid a.............
phases of business which can hardly fail to be felt soon on a Savannah ......... 1,471
813 1.334
976 1,200
568
6,362
broader scale. A bill to partially abolish compulsory pilotage
.........
......
.....
1,169
Brunsw’k, &o. .........
1,169
275
has been defeated in the lower house of Congress.
3 )5
663
169
128
1,731
C harleston.......
181
There has been no improvement to the demand for lard on
67
77
116
210
869
153
246
the spot; in fact demand has been practically at a stand W ilm ington___
2
___
2
Wash’ ton, &c. .........
......
still but prices have held fairly steady, closing at 5'30@5’35c. N orfolk.............. 1,139
755
558 1,139 1,171
776
5,538
for prime Western, 4’85@4’90c. for prime City and 5-70c. for
245
245
.........
.......
498
498
N’p ort N., &c. . . . . . .
......
refined for the Continent. There has been no trading in the
2,213
1,109
466
638
local market for lard futures and nominal prices have been
8,039
1,324
B o sto n ..............
747 1,583 1,442 1,503 1,490
without decided changes, closing steady.
361
.....
361
DAILY 0 LOSING PRICES OF LARD FUTURES.
Sat.
Mon. Tues.
Wed. Ik u r.

F riday Night ,
T h e M o v e m e n t o p t h e C r o p , as indicated

Fri.

May............................ . 5-30 5-37 5-35 5'10
5'35 5-35
A moderate amount of business has been transacted in
pork at steadier-prices, closing at $9-25@9-50 for old mess,
$10@10‘25 for new do; $10’25@10-50 for family and |10'25@
1P75 for short clear. Cut meats have been quiet but steady
at 4%@5c. for pickled bellies, 12@10 lbs. average, 4J£c. for
pickled shoulders and 8J^@9c. for pickled hams. 3j Beef
has declined, closing at 87(5)3 for extra mess, 88-50(5)9-50
for packet, ,$9-50@ll for family and $15@17 for extra
India mess in tcs. Beef hams have been quiet at $15@15'o0.
Tallow has been fairly active and steady, closing with sales
at 3 21-32c. and 3 ll-16c. Lard stearine has been dull at 6e.
Oleo stearine has been quiet at 4 9-16c. Cotton-seed oil has
been unchanged, closing easy at 21J^®22c. for prime crude
and 25J^c. asked for prime yellow." Butter has been fairly
active and steady at 10@18c. for creamerv. Cheese has been
in moderate demand and steady at 6@10%c. for State factory,
full cream. Fresh eggs have advanced, closing steady at
12J^c. for choice Western.
Coffee of Brazil growth has sold slowly but there has been
no pressure to sell and prices have held steady, closing at
13%c. for Rio No. 7. A limited amount of business has been
transacted in mild grades at steady prices. Good Cucuta was
quoted at 163^c. and standard Java at 23@25%c. There has
been slightly increased activity to the speculative dealings in
the market for contracts and prices have advanced, owing to
small Brazilian receipts and in response tostronger European
advices, closing steady. The following were the final asking
prices:
^-pril.................. 13-150. I Ju ly................. 12-150. 1 Oot................... U -5 0 r.

B altim ore.........
Philadelpli’a.&e

......
2

......

111

......
416

T ot’ls this week

7,319 11,318 11,723

7,668

25

837

7,390 12,549

57,967

283

The following shows the week’s total receipts, the total sine e
Sept. 1, 1895, and the stock to-night, compared with last year.
Receipts to
A p ril 10.

1895-96.

1894-95.

Stock.

This Since Sep.
Week. 1, 1895.

This Since Sep.
Week. 1, 1894.

G alveston ... 12,163 833,332
Tex. O., Ac,
2,958 105,850
New Orleans 14,052 1,640,272
M ob ile.........
880 187,900
.........
29,797
F lorid a........
S avannah...
6,362 706,749
Br’ wick, &c
1,169 112,910
C harleston..
1,731 271,274
70,134
P. Royal,&c
W ilm ington.
869 162,265
Wash’n,&c.
2
765
N orfolk ........
5,538 308,381
West P oin t..
245 140,896
21,811
N’ p’tN ., &c
498
49,252
New Y o rk ...
2,213
Boston..........
8,089 104,910
46,219
361
B altim ore.. .
33,164
Philadel.,&c.
837

11,935 1,607,327
67,484
793
36,008 2,436,650
2,411 230,379
176
24,683
9,105 902,162
2,397 148,326
2,084 416,488
3,903 144,045
430 232,838
3
926
3,911 448,821
4,077 276,562
39,362
562
1,150 123,922
8,279 107,555
412 107,843
5,837 116,930

36,515
1,294
22,422
...
4,808

46,714
7,857
35,811

24,351
1,117
1,509
148,002
15,000
7,500
9,262

41,533
8,890
1,467
227,581
20,000
25,800
15,114

57,967 4,880,831

93,523 7,437,308

525,883

826.103

T o ta ls .......

1896.
48,924
834
191,795
12,550

1895.
75,512
278,710
20,298

17,816

In order that comparison may be made with other years, we
give below the totals at leading ports for six seasons.
Reeeipts at—

Galves’n &c,
“ a ? ..............,...1 2 -9 5 0 . A u g ..................... 11-60C. N o v ..................10-80o.
New Orleans
JDue................ 12-50o. 1 Sept..............ll-20o. I Deo............... 10 65c. M ob ile.........
Raw sugars have continued in good demand and sales have S avannah...
been made at higher prices, closing firm at 4}^c. for centrifu Chas’ ton, &c
gals, 90-deg. test, and Z%o. for muscovado, 89-deg. test. Re Wilm’ton,&c
fined sugars have been fairly active at an advance of
N o rfo lk .......
3- 16c. in prices. Granulated was quoted at 5%c. Teas haveW. Point, &c.
been steady.
A ll oth ers...

1896.
15,121
14,052
880
6,362
1,731
871
5,538
743
12,669

| 1895.
12,778
36,008
2,411
9,105
5,987
433
3,911
4,639
13,251

1894.
4,357
19,821
2,928
7,862
2,423
617
8,336
5,121
12,402

1893.
5,879
23,999
1,087
8,958
1,137
143
4,980
1,437
5,623

1892.
5,335
22,473
978
7,742
1,790
1,513
4,191
6,765
11,629

1891.
9,649
24,536
2,947
8,026
6,244
826
4,940
4,209
9,936

The choice grades of Kentucky tobacco have continued in
demand, but owing to scarcity of supplies the amount of busi Tot. this wk. 57,967 93,523 63,867 53,243 62,416 71,313
ness transacted has been limited; sales 150 hbds. Seed leaf Since Sept. 1 4880,881 7437,308 5586,102 4671,379 6647,427 6414,042
tobacco has sold slowly but prices have been steadv; sales for
The exports for the wees ending this evening reach a total
the week were 445 cases, as follows: 100 cases 1892 crop, New
England Havana, 25@32^c.; 150 cases 1893 croo, New Eng of 73,439 bales, of whioh 32,301 were to Great Britain. 3,838
land Havana, 6@7c.; 120 cases 1894 crop, New England Ha to France and 36,340 to the rest o f the Continent. Below are
vana, 8@16c ; 75 cases 1893 crop, Zimmer’s, 11c.; 350 cases the exports for the week and since September 1, 1895._______
W eek Ending April 10,1890. From Sept 1. 1895, to .4 or. 10, 1890.
1891-93 crops, Pennsylvania seed leaf, 6@9c.; 50 cases 1892
E x p o ted to —
E xported to—
crop, Wisconsin Havana, 12@L6c., and 100 cases 1894 crop,
E xports
Great
Conti
Great
Conti T o tu
fro m —
New York S,ate, 9(gl3c.; also 1,000 bales Havana, 68c.@$l 05,
Total.
F
France
nent.
B rit'n.
nent. W eek. B ritain. ran ce
and 125 bales Sumatra. 40c.@$2 in bond.
95,480
034,907
100.03
>
9,20)
378,857
2,4*J
6
6,734
There has been very little trading in the market for Straits Galveston.......
4,699
83,431
39,OR
39,842
249
6,804
3,523
tin, and prices have weakened slightly in response to easier Tex. City, &c.. 3 /3 2
8,349 13,788 000,490 233,45^ 477,225 1,301 179
foreign advices, closing at 13 30@1335c. Ingot copper has New Orleans.. 5.439
29,947 109,286
79.338
4,224
been quiet and the close was easier under weaker foreign ad Mobile & Pen. 4,224
35,386 20,349 265,590 327,834
2,571
2,571
.......
vices at 10-75c. for Lake. Lead has sold slowly but prices Savannah
74,340
23,959
50,381
l,9i)4
1,904
Brunswick.......
have held about steady, closing at 3-05c. for domestic. Spelter Charleston*..
90.960
171,698 202,558
has been dull, closing at 4-l5c. for domestic. The demand for W ilm ington.., 4,150
1,770
40,053
90.708 132,531
4 150
pig iron has been fair, and prices have been steady at §11 25@ Norfolk............
15,i»ls
51,031
30,613
550
550
$13 50 for domestic.
9,930
9,930
W est P oint....
12,970
1,297
12.970
Refined petroleum has declined, closing at 6-90c. in bbls., N’ p’t News, &e 1,297
4- 40c. in bulk and 7'90c. in cases; crude in bbls. has been nomNew York....... 10.8S0 1,173 7,709 19,702 207,32- 25,461 208,169 500,950
2.332 22 *,276
2,499 217.944
2,499
inal; naphtha unchanged at 8c. Crude certificates have
63,531 115,163
4,530
50,119
1,513
3,850
68u
also declined, closing at 81-20 bid. Spirits turpentine has been Baltimore........
37,519
30,344
1,150
7,175
1,150
quiet but steady at 28J^@29c. Rosins have been without Phlladelp’a,&c
3 888 30 3 10 72,42- 1,910,583 441.630 1,578,902 3,937,115
32 201
change and steady at $l-75@l-77i^ for common and good
Total............
strained Wool has been quiet but steady. Hops have been Total. IS<M-95. 70.362 17.627 54.291 142/88 2.977.736 7'•1.483 2 127 7 7 5 8'S.«7 6
in slow request and easy.
* including Port Royai.

THE CHRONICLE

A pril 11, 1896,]

691

In addition to above exports, our telegrams to-night also
give us the following amounts of cotton on shipboard, not
cleared, at toe ports named. We add similar figures for
New York, which are prepared for onr spatial use by Messrs.
Lambert & Barrows, Produce Exchange Building.
ON SHIPBOARD, NOT CLEARED FOR—
A pril 10 a t -

Other
Great |
Britain. France. Foreign

Hew Orleans...!
Galveston.........
Savannah.........
C harleston___
M obile ..............
N o r fo lk ............'
New Y o r k .......
Other p orts___

3.458
11,296
N o n e .:
None.
4.000
1.000
8.800
7,000

Coast
wise.

142
2,301 23,853 I
3 0 0 : 1,837
None.
4.000 None.
None,
114
3,500
None.
None. None
None.
None.
5 o 0 : 5,000
8,050 i None.
200
3.000 None,
None.

heaving
Stock.

Total.

35,319
156,476
13,433
35,491
4.000
32,515
3,614
18,808
4.000 !
8,550
6.500
17,851
17,050 i 130.952
10,000 1
31,324

3,061 |48,203 . 7,093

93,916 | 431,967

7.413 i 59,504 : 19,419
Total 1 8 9 5 ... 1 55,261
T otal 139-1... 1 40.518 . 1,000 36,102 ! 13,311

141,602
6a4.501
90,931 1 610,315

Total 1 8 9 6 ... : 35,551

The speculation in cotton for future delivery at th:s market
has seldom been at a lower ebb than for the week under re
view. There has been some effort to put up values on the
statistical position and the comparatively late planting season,
but these influences have been so nearly count-rbal meed by
dull reports from the dry goods trade and the possibility of
New England mills curtailing their production, that no out
side Interest was developed.
The dealings were lim
ited
to regular room traders, and the fluctuations
in values were within the narrowest limits. Yester
day afternoon some selling by operators for the rise,
who bad become tired of carrying their loads, led to
a decline; and this morning, under a reduction of 2 Old. in
Liverpool values, May broke to 7 61c, and Aug. to 7*63c,
These figures brought out fresh buying orders, and as the
offerings were quite limited the market rallied a few pointsIn the afternoon the market was again dal), and prices re.
ceded 2#3 points from the best figures of the morning. The
close was quiet, and as compared with the close of last week,
final price*, were 2 44 points lower, except April was 1 point
better. The feature noted of the interior movement this
week was the comparatively full figures at which stocks are
maintained. Gotten on the spot has been quiet and un
Changed, closing at T’^c, for middling uplands.
Thetotalsalea for forward delivery for the week are 386,000
bales. For immediate delivery the total sales foot up this week
2,481 bales, inoluding 937 for export, 1,235 for consumption,
— for speculation and 300 on contract. The following are
the official quotations f ir each day of the past week—
April 4 to April 10,
Rates on and off middling, as established Nov. 23, 1893,
and revised Dec, it , B9-">, by the Revision Committee at whioli
grades other than middling may be delivered on contract:
F a i r . . . . . . ____

o .lk

Middling Fair. ...........
Strict Good Middling......
flood Middling.. ....... .
Strict Low M iddling........
Low Middling...............

Strict Oood O rdlnarv------

on.

Oood O rdinary............... o. 1

off-

on. G ood M iddling T in g e d ...
Kveu.
*•» on, S trict M iddling S ta in e d .. % ott.
hs on. Middling S tained.............. *% ofl
b n oft. Strict Low Mid. S tained., '-“ vj oil
aj off. Low M iddling Stained___1*4 oti.
%

Jijg o ff. I

On this basis the prices for a few of the’grades would be as
follows.
UPLANDS.

H at.

G ood O r d in a r y ....___ . . . . . . . . .
Low Middling..............................
Middling ...................... ..............
Good .Mid iU ng. ........................
M iddling Fair ......................... .
GULP.

P*
€
=3
e
sa t.

Good Ordinary............................
Low M iddling.............................
Middling ....................................
Oood M iddling..........................
Middling Fair ............................ ;
STAIN E D .

•Hon T u e * W e d

Th.

F rt

Of®
7*4
7 7a
8 ‘.a
8%

6’ ,
7*s

67,
7*o
779
8* 6
8%

0 7a
7>*
7* h
R 8

M o 13 T a « «

8
7 7s
3>i8%

773

8>„
8%

W ed

Th.

7%
7*k
8*0
g Ti*
9

7*9
7H
8*8
87,4

S a t. ( fflo n T m a W e d

Th.

d
a
2

7%
7%

5

&
0

«

Low Middling...............................
Middling .. . ................... . . . . . . . H oli
Strict. Middling .......................... day.
flood Middling T inged..............

6%
7*«
7 «*»
77,

7*8
7\
H'a

0%
7*a
?*■

6%

7*g
7-Daj
77S
7%

P r>
7*8
7%
8*8
F *
F rl
6=8
7*8
llH -t
78

i s : ? 1 ®: ? 1 ®: ? 1®; ? |«: ?
i 1: [ 1li j 1 li | 11 i | 11 ;

X

I«

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 of the reader we also add
a column which shows at a glance how the market closed on
same days.
SAI.ES O F SP O T AND CO N T R A C T .

SPOT MARKET
CLOSED.

.E x
Con- Spec- Con
port. \sump. ul’l'n tract. ; Total.

Bat'day 5
Monday. ~mi*t ... .
<
Tuesday' Quiet A steady.
W ed’day D u ll....................
................
Thur'd’ y:
F riday.. D a l i ....... . . . . . .
T otal.

1

92-:

927

.. h » h d ay ..;
*260? *— j ”
105
296
205
364
.
1,236

*

.saws oj
Futures.

200. 1,393; " "3 0 ,8 0 0
69,300
105
69.500
390:
ib o
54.500
205
71,900
361
....
300 j 2,463

280,000

T h e S a l e s a n d P rices o f F u t u r e s at New York are
shown by the following comprehensive table.

I I

X

P>
1
n

►
i.
I$

I®

I I

I I

Includes sales in September, for Seotomber. 15,40 ; Sbptembe
October, tor October, 5 H .6 > ; Septernber-November, tor November,
417,200: Sentember-Deeember, f r December, 1,(497,200: SeptemberJanuary, for January. 11.143.100; September-Febraary, for February,
627,700; scptem ber-M at ell, for March, 11,042,900.

The following exchanges have been made during the week:
■01 pd. to exch,.
•02 pd, to exch.
•0f> pa. to exch.
•03 pd. to exch.
•02 pd. to excli.
•03 pd. to exch.

1,000 Oct fo r Jan.
400 May for Aug.
100 Apr. for Aug.
100 May for Aug.
700 Apr for May.
800 Nov. tor Dec.

•07 pd. to exch. 200 Nov. for
•48 od. to exoh, 200 Nov. for
■02 pd. to exch. 500 Apr. for
o -2 pd. to exch. 100 May fo r
Even 100 July fo r Aug.

Jan.
Aug.
May.
Aug.

T h e V i s i b l e S u p p l y o f C o t t o n to-night, as made up by cable
id telegraph is as follows. The Continental stocks, as well as
lose for Great Britain and the afloat are this week’s returns
id consequently alL the European figures are brought down
>Thursday evening. But to make the totals the complete
gures for to-night (Apr. 10), we add the item of exports from
ie United States, including in it the exports of Friday only?

692

THE CHRONICLE.

1896.
1895
1894.
1893.
S tock at L iv e rp o o l.......bales. 1,146,000 1,710.000 1,751,000 1,590,000
Stock at L ondon.......................
7,000 ___ 8,000
10,000
6,000
Total Great Britain stook. 1,1.53,000 1,718,000 1,761,000 1,596,000
15,000
27,000
Stock at H am bu rg...................
25,000
25,000
Stock at B rem en......................
248,000 331,000 200,000 176,000
17,000
Stock at A m sterdam ...............
19,000
17,000
9,000
200
200
Stook at R otterd a m ................
200
200
11,000
12,000
Stock at A ntw erp.....................
19.000
19,000
Stook at H a vre.........................
316,000 488,000 473,000 417,000
7,000
7,000
Stock at M arseilles..................
5,000
7,000
Stock at B arcelona..................
83,000 100,000
70,000 103,000
13,000
79,000
39,000
21,000
Stock at G enoa.........................
15,000
Stock at Trieste........................
26,000
13,000
18,000
Total Continental stocks.. 812,200 1.,032,200 852,200 774,200
Total European s to ck s ,... 1,965,200 2,750,200 2,613,200 2,370,200
86,000 206,000 160,000
India cotton afloat fo r Europe 183.000
Am er. cotton afloat fo r Europe 277.000 375,000 210,000 260,000
EgyptjBrazil,& o.,aflt.for E 'pe
39.000
26,000
40,000 32,000
S tock in United States ports . 525,883 826,103 701,246 739,388
S tock in U. S. interior towns.. 280,927 247,849 218,173 333,387
20,742
8,173
11,382
1,372
United States exports to-day.
Total visible supply.......... 3,291,752 4,319,325 4,000,001 3,896,347
Of the above, totals o f A m erican and other descriptions are as follow s:

[V ol . LXI1.

Q u o t a t io n s f o r M id d l in g C o t t o n a t O t h e r M a r k e t s . —

Below are closing quotations of middling cotton at Southern
and other principal cotton markets for each day of the week.
C C O S IN G Q U O T A T I O N S F O R M I D D L I N G C O T T O N O N —

A p ril 10 ."
G alv eston . .
New Orleans
M o b ile .........
Savannah...
Charleston..
Wilmington.
N o r fo lk .......
B o ston .........
B altim ore. .
Philadelphia
Augusta.......
Memphis___
8t. L ouis___
H ou ston ___
C incinn ati..
L ouisville.-.

Satur.

7»18
7*2
7=8
7 78
8ks
........
7910
7=8
738

Mon.

Tues.

7\
79,0
70,6
7k)
7=8
7H 18
7*8
7 7s
8%
7H ia
79, „
7=8
7=8
7=8

Wednes.

7%
7»4
79,0
7918
7k)
7=8
7riio
7 78
7 7s
8*e
7H io
79io
7=8
734
7=8
7=8

7%
734
7*16
79, „
713
7=0
7 r i18
7 78
8
8ia
711,6
79,0
7=8
73.1
7=8
7=8

Thurs.
7=4
734
7®18
7910
7k)
7=8
7 r iiS
7 78
8
8k)
7 “ io
7®n
7=8
7=4
7=8
7 r i,e

Fri.
7%
7\
79io
7k,
7i3
7=8
7**16
7 78
8
818
7**,6
70,6
7=8
734
7=8
71=xo

The closing quotations to-day (Friday) at other important
L iverpool stook..............bales
976,000 1,589,000 1,495,000 1,364,000
Lonthieutal stock s................... 700,000
951,000 725,000 671,000 Southern markets were as follows,
Am erican afloat lo r E u ro p e .. 277,000
375,000 210,000 260,000 A tla n ta ............
N atch ez............
7q
|E u fa u la ...___
7%
79,6
United States stock .................
525,883
826,103 701,246 739,388 C h a rlotte......... 7=s
7 % , R a leig h ............
Little R o c k ...
7k>
United States interior stocks. 280,927 247,849 218,173 333,387 Columbus, G a. 7 q
7%
M ontgom ery..
Selma................
73a
United States exports to-d ay.
20,742
8,173
11,382
1,372 Columbus. Miss 7 ] I N a sh v ille.......
7 ti
Shreveport.......
7%
T otal A m erican............... .. 2,780,552 3,997,125 3,360,801 3,369,147
R
e c e ip t s f r o m t h e P l a n t a t i o n s . —The following table
East Ind ian, B razil, &c.—
L iverpool stock ........................ 170,000
121,000
256,000 226,000 indicates the actual movement each week from the plantations.
7,000
8,000
10,000
6,000 The figures do not include overland receipts nor Southern
London stock.............................
Continental stock s..................
112,200
81,200
127,200 103,200 consumption; they are simply a statement of the weekly
India afloat fo r E urop e..........
183,000
86,000
206,000 160,000
E gypt, Brazil, &c., afloat.......
39,000
26,000
40,000
32,000 movement from the plantations of that part of the crop which
Total E ast India, & c......... 511,200
322,200 ^ 639 ,200 527,200 finally reaches the market through the outports.
Total A m erican ................. 2,730,552 3,997,125 3,360,801 3,369,147
W eek
R eceipts a t the P orts. St'k at In terio r Taxons. Rec7pts fro m P la n t7n s.
T otal visible s u p p ly ......... 3,291,752 4,319,325 4,000,001 3,896,347
Ending—
4i3?2d.
4*sd.
4^d.
M iddling Upland, L iverpool..
“
'
37lsd.
1896.
1896.
1894
1895.
1896.
1894
1895.
1894. j 1895.
M iddling Upland,. New Y ork .
7 78c.
7* ibC.
69l6C.
8*40.
6 lid .
6qd.
E gypt Good Brown, L iverpool
5 h 6d.
57 6d. Mch. 6 ....... 70,05l| 119,835 85,286 322,111 388,800 381,268 15,122 105,967 58,571
P eruv.R ough G ood, L iverpool
53gd.
5i3 iPd.
6% d.
65 i<jd.
“
13....... 66,530; 132,381 71,518 301,811 352,976 362,631 19,233 97,197 19,881
3isd.
B roacb Fine, L iverp ool..........
4k>d.
43id.
458d.
“
20....... 19,355'123,133 69,160 287,155 311,836 331,183 31,696 113,993 11,009
45sd.
T innevelly G ood, L iv e r p o o l..
4316a.
4iigd.
3 9isd.
ESP The imports into Continental ports the past week have
been 65,000 bales,
The above figures indicate a decrease in the cotton in sight
to-night of 1,027,573 bales as compared with the same date
of 1895, a falling off of 708,249 bales from the corresponding
date of 1894 and a decrease o f 604,595 bales from 1893.
A t t h e I n t e r i o r T o w n s the movement—that is the receipts
for the week and since September 1, the shipments for the
week and the stocks to-night, and the same items for the
corresponding period of 1894-95—is set out in detail below.

“
27.......
Apr. 3.......
“
10.......

15,292 115,170 70,237 265,966 323,932 316,191 21,103 91,566 58,518
51,2791116,767 60,202 215,312 275,916 293,982 33,655 68,751 37,690
63,867! 93,523 57,967 218,173 217,819 280,927 30,098 05,156 11,912

The above statement shows: 1.—That the total receipts
from the plantations since Sept. 1, 1895, are 5,129,108 bales; in
1894-95 were 7,627,822 bales; in 1893-94 were 5,728,109 bales.
2.—That although the receipts at the outports the past week
were 57,967 bales, the actual movement from plantations was
only 44.912 bales, the balance being taken from the stocks at
the interior towns. Last year the receipts from the plantation s
for the week were 65,456 bales and for 1894 they were
36,698 bales.
O v e r l a n d M o v e m e n t f o r t h e W e e k a n d S in c e S e p t . 1 .—

Hi
K

030

M g

o S
. >

-w

h

co 2 55
^33 cl ^

0

CD
S
:

:

:

We give below a statement showing the overland movement
foi thi week and since September 1. As the returns reach us
by telegraph late Friday night it is impossible to enter so
largely into detail as m our regular monthly report, but all
the principal matters of interest are given. This weekly
publication is of course supplementary to the more extended
monthly statements. The results for the week ending Apr. 10.
and since Sept. 1 in the last two years are as follows.

2

*■ *

w -2
5 5 :
:

:

-

5

:

;

:

a > 0
2 55 «
5 > -3

1895-96.
H'COCJ'

CO

tO fcOI—1P-*

h-* 10

OMfkM

HC5HH

O'

M tC

This
week.

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Shipped—
Via St. L ou is..............................
Via Cairo........................... .....
Via Parker C ity.........................
Via E vansville..........................
Via Louisville............................
Via Cincinnati...........................
Via other routes, &o................

5s
©bOt^CCCCH*CO©tOtC(fkCO©C5»-*tOt—‘OCtfi-tOOOl—
*GC<J*
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©©(£»■© “-l©©£»tO-'J£*Oi©tf^©©© tO
© ©tfi-to
totot—‘^dCD©©tv©©Ol©»—00©Cn©C5©rf*-t—
O' CO ©h-*cn

lrr$in &
f

to

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to

©

to

© M C° CD ; £ -t0
O lje © O lC O ©
CO K>C0C5©<1<J tO © tO tO Q l
CC~©
OKI* 'to'r—
* L c COO ' © H*<! £*•©
© w V l a © L ^ V © © <1.<J
© © © © 00 fcOJ COOiOlCO£*-J>f-CO©©CO©©OOCO©©MtOGDGD»OU»<l

©tOOi©©Ul

00©©CD|f».Ot©©©O«©t0(^l^©©©h*00C^©©OU-*©©MC000MC
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CO

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t-4

© comLo% w ©Ldcoc^© coc^ V i ©/c^w©©L-‘ ^©©a<o«©a;'*'qLoLo
‘-‘ tOM^-©ifc-©OOCOCO©COtO©©©©tf^<10»CRO:©©^M©OiCDtO^

fe

O'

O'

480,153
220,637
15,903
79
120,947
87,535
80,943

1894-95.
Week.
18,365
7,628
800
6
6,608
3,815
1,647

Since
Sept. 1.
849,225
316,168
32,345
3,725
166,325
157,424
133,379

18,440 1,006,197

38,869 1,658,591

11,500
58
788

238,545
3,066
42,802

15,678
316
1,904

461,255
28,020
63,090

294,413

17,898

552,365

721,784

20,971 1,106,226

12,346

The foregoing shows that the week’s net overland movement
this year has been 6,094 bales, against 20,971 bales for the
week in 1895, and that for the season to date the aggregate net
overland exhibits a falling off from a year ago of 384,442 bales.

w fi

CO©(MC©©COr-‘ COO'»-*£*©(-‘ tO©M fcO©0'©l:0©C O©l-»0'<J©O n-‘

to

Total gross overland..............
Deduct shipments—
Overland to N. Y ., Boston, <fcc.
Between interior tow ns............
Inland, &c., from South............

Leaving total net overland*.
6,094
* Including m ovem ent by rail to Canada.

£'©>-‘ © © i-‘ 0:£-cotOQcai©©£-t£-coi-i co©©©©<icoto©<irf^r-‘
^ co
©©©^p
t o ^ w w © © © #*. co coo* £*■ to to <j © ►
-»o

CDCO© <1 CO C O ^ ^ O * © ^ © © ; toco© COtOCR^COCH’ tO© CO©
v l U l'l H © r ‘ ©C'.lMOC5©Oia' CC00 (t*.© ^ © © <l©Ol ©oo^joocn
on© CO© CO© © tC- to a< OI !-■ COO' ■ © © H tO O 'UJ©COCn© to O' ^ © <1

1,690
3,655
2,186

Total to be d edu cted..............

~d©©rf^<l©©CO©COtfi-©tOtO©tfi-0(©Oi©Oirfi-tO©

K
03
©
CO
M
M
<1 CO 00 ©
C0L0 CO(M S
^ M O' M COM COM
l-*Lo©C 0 © © M <1
© © 0 > 0 0 © 0 3 © © © « ^ * * C R C D © © C 0 t-* < lC 0 0 1 U t< l© © U itfh .C 0 O £ -© h

<1

j

8,445
2,464

Since
Sept. 1.

s S3 5.
8 jfi
sf
f1*-

O'toco j J-4JO
MJ-UO COj-I CCO' tf*-CO© to h-*(P>.h-*
© wLo'^Lo h*■ Lo © to oi ** Lo © © w © m Lom m © © co © coV*^ co cn
- JO' © if*. © O' I CC-.l©0'0'0'©QC’0'© © © © © <I> F = .0 '0^ © © C O © i-4
lfr©©(frM © (fr-Q* © to H CC O ^O © © O' O o CO(-» © < 1 -1 ^ 0 '© ^

* Louisville figures “ n e t ” in both years,
t This year's figures estimated,
i Last year’ s figures are lo r N ew berry, S. C.

The above totals show that the interior stocks have decreased
during the week 13,055 bales and are now 33,078 bales more
than at same period last year. The receipts at all the towns
have been 13,970 bales less than same week last year and since
Sept. 1 are 999,395 bales less than for same time in 1894-95.

In Sight and Spinners’
Takings.
Receipts at ports to Apr. 1 0 ...
Net overland to Apr. 10............
Southern consumption to Apr. 10
Total m ark eted...........
Interior stocks in excess
Came into sight during week.
T otal in sight Apr. 10............
N ortb’n spinnerstak’gs to Apr. 10
* Decrease during week.

I

1895-96.
Week.

Since
Sept. 1.

57,967 4,880,881
6,094 721,784
17,000 619,000

1894-95.
Week.

Since
Sept. 1.

93,523 7,437,308
20,971 1,106,226
16,000 551,000

81,061 6,221,665 130,494 9,094,534
*13,055 248,227 *28,067 190,514
68,006

6,469,892

16,713 1,411,529

102,427

9,285,048

22,166 1,925,293

It will be seen by the above that there has come into sight
during the week 68,006 bales, against 102,427 bales for the
same week of 1895, and that the decrease in amount in sight
to-night as compared with last year is 2,815,056 bales.

A pril 11, 1896,]

THE CHRONICLE.

693

W e a t h e r R e p o r t s b y T e l e g r a p h . — Our telegraphic re operations. The week’s rainfall has been nineteen hundredths
ports this evening from the South are generally of a favor o f an mch. The thermometer has averaged 57, ranging from
able tenor. Planting is progressing very well in most sec 8 6 to 72.
Mobile, Alabama.—Cotton-planting is active. Indications
tions and in Southwestern Texas is nearly completed. In
point to about ten per cent Increase in acreage in the Mobile
some districts o f Texas rain has interfered with farm work, district. W e have had no rain during the week. The ther
bat has in other respects been very beneficial. A s a rule the mometer has ranged from 41 to 75, averaging 63.
rainfall has been light. Advices from a few points indicate ^ Montgomery, Alabama.—Planting is progressing splendidly.
Corn is up and d iu g well and some little cotton is coming
that early plantings are com ing up.
np. There has been a liberal use of fertilizers W e have nad
Galveston, Texas.—Farmers are a little behind with work no rain during the week. Average thermometer 63, highest
ow ing to recent cool weather. W e have had rain on three 73 and lowest 50
Selma, Alabama,— It has been dry all the week. The ther
days o f the week, the precipitation reaching thirty-two hun
mometer has averaged 6.3, the highest being 75 and the low 
dredths of an inch. The thermometer has averaged 62, the est
48.
highest being 71 and the lowest 54.
Madison, Florida.—The demand for seed for planting and
Palestine, Texas.—Cotton is being planted as fast as possi- ! for fertilizers still continues. There has been rain on one day
ble, but rain
needed to assist germination. There has been
SS?* wf e'i ' the rainfall being forty hundredths o f an
light ram on tw o days o f the week, to the extent o f sixteen inch. The thermometer has averaged 63, ranging from 44
to
72.
hundredths o f an inch.
The thermometer has averaged
Columbus, G eorgia,—There has been no rain during the
58, ranging from 38 to 75.
Huntsville, Texas.—W e have had light rain on tw o days ! week. The thermometer has ranged from 43 to 7 3 , averag
during the week, the precipitation reaching ten hundredths ing 60.
of an inch. The thermometer has ranged from 40 to 74, aver- j Savannah, Georgia,—W e have had rain on one day o f the
past week, the rainfall reaching one hundredth of an inch.
agiDg 57.
Dallas, Texas.—It has rained lightly on one day o f the j Average thermometer 58, highest 77 and lowest 43.
Augusta, Georgia.—W e have had light rain on one day of
week, the rainfall reaching five hundredths o f an inch. Aver
the week, the precipitation being three hundredths of an
age thermometer 56, highest 80 and lowest 33.
San Antonio, Texas.— lJlam ing is about over in South- ! inch. The thermometer has averaged 59, the highest bein^western T e n * . The copious rains o f Sunday and Monday i 77 and the lowest 39.
Charleston, South Carolina.— There has been no rain during
are reported to have been timely and o f great benefit. There
has been ram on four days during the week, the rainfall ; the week. The thermometer has ranged from 44 to 73, aver
aging
56.
reaching two inches and twenty eight hundredths. The ther- I
mometer ha* averaged 59, the highest being 73 and the low- | Stateburg, South Carolina.—There was light rain on Mon
day night, the rainfall reaching three hundredths of an inch.
est 45.
Luting, T exas.—Considerable cottoa has been planted and *'r**>st on -^ao UF^a?
b u ,t , 1 1 0
Average ther
— is
>- already
-•
> up. —
>•.tie delayed
- •
• somewhat now as ! mometer 54‘ 3, highest 78 and lowest 38.
some
Planting will
Greenwood,
S
old
i
Carolina.—
W
e
have
had
rain on one
rain has wet the ground thoroughly. It has rained o i three
days o f the week, the precipitation reaching tw o inches. The day during the week, the precipitation reaching thirty-two
hundredths of an inch. The thermometer has averaged 53,
thermometer ha* averaged 59, ranging from 44 to 74
Columbia, 2 exits.—Rain has fallen on one day o f the week, the highest being 78 and the lowest 38.
W ilson, North Carolina, —Telegram not received.
to the extent o f forty-six hundredths o f an inch. Tne ther
The follow ing statement w e have also received by telegraph,
mometer has ranged from 50 to 74. averaging 62.
Cuero. Texas.—The week’s rainfall has been on© inch and showing the height o f the rivers at the points named at
ninety-five hundredth* o f an inch, on four days. Average 8 o’clock April 9, 1S98, and April 11, 1895.
thermometer <54, highest 74 and lowest 54,
A pr. 9, ’96. l y 1 1 ,’95.
Brenharn, Texas.— We have had rain on three days during
Feet,
Feet.
the week, the precipitation being tw o inches and sixty-six New O rleans................. A bove zero o f gauge.
12-7
10-2
hundredths. The thermometer ha* averaged 53, the highest M em phis.......... ............ A bov e zero o f gauge.
27-3 ,
12-5
Nashville— .............. ..A b o v e zero o f gauge.
being 73 and the lowest 43.
41*7
14*8
hreveport.............A bove zero o f gauge.
11*3
3*0
Belton, Texas.—Cotton h is been planted in some parts of SVicksburg.......
............... A bove zero o f gauge
25*2
34*4
the coun ty. It instated that preparations have been made
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 receipts
for at least one-third more cotton this year than last year.
The past winter has been more favorable for breaking land and shipments o f cotton at Bombay have been as follow s for
than for a number of years. There has been rain on two days the week and year, bringing the figures down to April 9.
B O M B A Y R 8 Q B I P W AND SU tPM E N TB F O R F O U R T E A R S .
of the past week, beneficial to cotton, the rainfall being ten
hundredths o f an inch. Tho thermometer has averaged 59,
Shipments this week
Shipments since Sept. 1.
Receipts.
ranging from 44 to 74.
Ore.nl: Oou.ltGreat
Conti
This
Since
Fort Worth, Texas.—W e have had rain on one day o f the Hear Bril’n
Total.
\nenl. Total. Britain nent,
Week. Sept. 1.
week, the precipitation reaching pight hundredths o f an
fitch. The thermometer has ranged from 33 to 80, averag *95-6 4,000 47,000 52.000 51.000 455.000 506.000 87.000 1.467.000
*94 5 ........ ,10.000 40.000
3,000 172.000 175.000 66.000 714.000
ing 56.
*93-4
55.000 30.000 441.000 477.000 58.000 1.118.000
W eatherford, Texas.— Farming operations are backward. *9*2-3 .........155,000
.........133,000 33.000 26.000 406.000 432.000 74.000 944.000
Cotton planting has not com m enced. Ther© has been rain on
According to the foregoing Bombay appears to show
one day o f the week, the rainfall reaching five hundredth*
o f an m ch . Average thermometer 58, highest 78 and low  an increase compared w ith last year in the week’s receipts of
2
1
,
0 0 0 bales and an increase ia ship-meats o f 13,001 b a l« , and
est 37.
New Orleans. Louviiami.—There has been rain on two days the shipments since Sept, l show an increase of 831,000 bales.
o f the wm k, the rainfall reaching tw o inches. The ther The movement at Calcutta. Madras and other India ports for
the last reported week and since the 1st o f September, for tw o
mometer has averaged 61
Shreveport, Louisiana,—The week’s rainfall has been one years, has been as follows. “ Other p orts” cover Ceylon,
inch and sixicen hundredths, on one day. The thermometer Tuticorin. Kurrachee and Coconada.
ha* averaged 64, ranging from 43 to 83.
Shipments f o r the. week.
Shipments since Sept. 1.
Columbus, M ississippi.—Planting operations are progress
Great
OontiGreat
ing favorably; they are nearly completed in prairies. A large
Total.
Total.
Britain. nm l.
B ritain. OmiHmnt.
acreage is devoted to c-tton. There has been rain on two
day* id tb“ week, to the extent o f twelve hundredths o f an O ileatta—
__mmm
iDCb, The thermometer has ranged from 51} to 8 8 , averag
38,000
1896-90...
8,000
9,000
47,000
8,000
1894-95...
5,000
14,000
24,000
5,000
10,000
ing 6 6
Srfaiiras—
Leland. M ississippi,—There has been no rain during the
7,000
1895-96...
1,000
10,000
17.000
1,000
week. Average thermometer 81, highest 80 and lowest 37.
25.000
12,000
1894-95...
13,000
Vicksburg, M ississippi,—Planting is making rapid progress. AU others—
49,000
11,000
38,000
1895-96.,.
8.000
1,000
4,000
W e have had rain on tw o day* o f the past week, to the extent
30,000
45,000
1894-95...
3,000
15,000
3,000
.........
o f twenty hundreltb* o f an inch. The thermometer ha® av
eraged 65, the highest being 79 and the lowest 45,
Total a l l 83,000
113,000
30,000
1895-96...
4,000
9,000 13,000
Little Rock, Arkan^is.— There hag been no rain tbe past
94,000
56,000
38,000
1894-95...
8,000
8.000
■week. The thermomeo r has ranged from 34 to 83, averaging
The aoove totals for the week show that the movement from
Helena, Arkansas —The w eatlur has been clear and warm the portsother than Bombay is 3,'>00 bales more than the same
most of the week. Corn is up and looks fine, but no cotton week last year. For the whole o f In lia, therefore, the total
planted is yet. W e have had light rain on two days, the shipments since September t, 1835, an 1 for the correspon iing
rainfall reaching thirty-nine hundredth* o f an inch. Aver periods o f the tw o previous years, are as follows.
age thermometer 62. highest 78, lowest 45.
E X P O R T S t o E U R O PE F RO M A M . IN D IA .
Memnhis, Tennessee.— The weather has been favorable for
1894-95.
1893-94.
1895-96.
farm work. Corn planting is active and cotton-sowing bas
Shipments
com m enced. The river is twenty-seven and eight-tenths feet to all Europe
Since
This
Since
This
This
Since
from —
week.
Sept. 1.
week.
week.
Sept, 1.
Sept. 1.
on the gauge, or five and two-tenths feet below the danger
line and rising, hut no damage is anticipated. It ha* been dry Borultay.
52.000 506.000 40,000 175,000 55,000 477.000
all the w w k. The thermometer has averaged 6 1 ’5, the high
94,000
9,000 149.000
13.000 113.000
8,000
est being 79*6 at d the lowest 40*{1,
269,000
61,000
Total
48,000
626,000
65,000
619,000
Nashville., Tennessee..—The weather has favored farming

THE CHRONICLE

694

A l e x a n d r i a R e c e i p t s a n d S h ip m e n t s . — Through arrange
ments we have made with Messrs. Divies, Beaaohi & Oo., of
Liverpool and Alexuniria, we nnv receive a w-Hkiy cable of
the noveinents of cotton at Alexan lria, Egypt. Tne following
are the receipts an i ship m ats for tne p u t we)k a a l for t ie
corresponding week of the previous tw > vears.
A lexandria, Egypt,
A pril 8.

1895-96.

R eceipts (oantars*) ...
This week ...
8ince Sept. 1

28,000
5,123,000
This
Since
week. Sept. 1.

,
1

1891-95.

1893-94.

35,000
4,483,000

55,000
4,666,000

This
Since
week. Sept. 1.

This
Since
week. Sept. 1.

E xports (bales)—
T o L iv e r p o o l------ . . . 7,000 298,000 5,000 24=3,000 6. *00 282 000
T o C ontinent!______ 13,000i267,000; 14,000 282,000 12,000 218,000
Total Europe.
20,000 565.000 19*000j 525,000 18,000 500,000
* A oantar Is 98 pounds.
t Of w hich to A neruvn n l i l i 96, A3.1L5 hates; ia L 814-95, 35,6 55
bales; In 1893-94.13,461 bales.

This statement shows that the receipts for the week ending
April 8 were 28,000 cantars and the shipments to all Europe
20,000 bales.
M a n c h e s t e r M a r k e t .— O lr r.-port received bv cable to night
from Manchester states that the market is steady for botn
yarns and shirtings. Manufacturers are working at a fair
profit. We give tne prices for to-day below and leave tnose
for previous weeks of this and last year for comparison:
1895.

1896.

8*4 lbs. Shirt OotVn
8*4 lt>8. Shirt Cfott’n
32s Oop. ings, common Mid. 32s Oop. ings, common Mid.
Twist.
Tioist.
TJpldm
to finest.
TJplds
to finest.
M ch.6
“ 13
“ 20
“ 27
Apr. 3
“ 10

d.
65,8
67l0
6%
6^
6*2
6^

d.
@ 7^
®7M
@ 7%
® 7%
@ 7%
®7i%

s.
4
4
4
4
4
4

d. s.
3 -2)6
4 ®6
4^@ 6
4 1a® 6
4 La®6
4*2 ®6

d.
7
8
8*2
8*2
8*2
8^

s. d.
s
d.
d.
d.
4*4 4 78 '©Skj 3 10*a®6
43s 5
3 11 @6
4*3.3 5*4 ®5>3lK 4 0 '(D6
43g 5*4 ® ^ i3,G 4 0 @6
4 0*2®6
41*32 53 iq@6
413.vj 53s @ 6*8 4 1 @6

d.
0
1
1*2
1^
2
2*s

d.
3l,«*
3 :>i0
39, a
35,
3%
37,6

[VOL. LXI1.

tu a n tities o f M anufactures o f Cot Month ending Feb. 29. 8 mos. ending Feb. 29.
to n (colored an d uncolored)
1890.
1895.
exported to—
1895-90.
1894-95.
094,705
54,SS«

1,018,800
98,148

4.194,498
1,-70,06 )

0,188.788
1.349.105

“
“
“

37,858
4,0 J0.72H
5i:4,5U8

25.293
137,711
32*809

920,103
9,424,434
4,224,180

302.940
3.442,345
3,799,052

“
“

790,087
3,700
80,805
151,**94
042,443
1 o8,254
051.709
588,005
882,685
0,53'*,900
15,752
210,200

Onlted Kingdom.......................yards
Germany .....................................
**
Kher countries In Europe.. ..
Jrltlsh North A m e r ic a .........
tfexteo . . . ................................
Central American States and
British Honduras..................
Juba............................................. .
Puerto Rico................................
3anlo Domingo...........................
Other vVest Indies...................
Argentine Republio..................
Brazil ............................................
CJnited 8tates o f C olom bia...
Jthero mntries in S. America
Jhlna............ ................................
3rit. Posses’ ns in Australasia
British India and Bast Indies
Hher countries in Asia and
Ooeactica....................................
V-frlca............................................
nheroountries..........................

“
“
“
“
“
“
“
“
“
“
“
“

Total yards o f above.......
Total values o f above..................
*alue per yard................................. .
Jalues o f other M an u factu res o f
C otton exported to—
Jnlted Kingdom........ . ....................
Germany..................................................
France......................................................
Jther countries in Europe..............
British North America.......................
Mexico.................. ...............................
Central American States & British
Honduras...........................................
Cuba .. .................................................
Puerto Rico...........................................
Santo Domingo....................................
Ither W est Indies ............................
vrgentine Republic............................
Brazil................................... ..................
Jnlted States of Colombia..............
China........................................................
British Australasia.............................
Brltisn India and Bast Indies.. ..
>ther countries In Asia and
Ocaanica...............................................
Africa......... ................ ...........................
*ther countries....................................
Total value of other manufaotures o f .............................................

432,885
834,983

752,972
8,118,713 8,981,080
18,738
130.-28
152,529
351.705
800
193.730
07,88"
1.008.029
1,473,801
1,05*158
9. 60.0 »7 9,199,911
90,318
2.314,3 '4
1,533,978
284,319
H,9»-.!85 19,178.801
3.802,481
5'‘8.855 4,898.509
2,912,077 lw.05 \ ' s8 14.937.41S
1,874,834 33,272,985 21.058,837
290,124
51*578
0,717
3,700,820
130,Oou 2,023,190
140,043
1,027,478

3.477,010
3.919,4*5
3,217,244

5,853,518
0 005,440
9,223.430

17,308.455

10.501,2 v 132,542.51** 120,990.284

$1,073, L49
$•0018

$54r,r22 $7,753,051 $7,070,462
$•0594
$•0585
$•0523

$31,8'2
5.004
1,011
4,111
124,518
27,348

$10,370
17,098
755
4,8-9
111,822
13,277

$241,503
130.535
13,3
24 480
1,180,8 '4
223,434

$120,137
113,790
0.493
S1,9C0
890,616
91,108

21.078
66C
r23
1.473
4.708
881
1,9)7
2,030
2,27 2
11,305
7,34!
000

20,690
4,333
013
07"
4,8"7
308
4,234
9lw
4,023
50
4,698

131.732
20,287
4,401
3,819
50,428
27,139
49.388
19.514
35.297
64.“24
72,90'!
3,035

90,001
29,655
3,253
6,024
43,005
12.693
85,086
25.283
41.725
10,784
50,008
l,30t

14,290
5,039
225

13,251
084
238

175,537
3 ,874
8.369

141,409
9,093
10,840

$269,722

$218,485

$2,530,025

$1,832,930

*8.9*3,382
have received th s Aggregate value o f all cotton goods $1,342,871 $707,207 *10 291
(Friday) evening by telegraph from the various ports tl e
N e w Y o r k C o t t o n E x c h a n g e .— P r o p o s e d a m e n d m e n t s
details" of the Sea Island cotton movement for the week. Tl e t o B y - L a w s . —The Biard of Managers or the New York Cot
receipts for the week ending to-night (April 10) and since ton Exobauge recently approved certain amendments to Sec
Sept. 1, 1895, the stocks to-night, and the same items for the tion 54 of the by-laws and ordered them posted for ten days
corresponding periods of 1894-95, are as follows.
upon the bulletin of the Exchange. A meeting of the mem
bers of the Exchange to consider the amendments has been
Slock
1894-95.
1895-96.
called for Thursday, the 16th last., at 12 o’clock noon. The
Receipts to A p r il 1 0 .
amendments provide that the Committee on Revision of Quo
Since
This
This
Since
week. Sept. 1. week. Sept. 1. 1896 1895.
tations shall consist of fifteen members, instead of nine as at
present, and that ten members shall then form a quorum in
427 73,954
63 63,976 6,498 2,594
5,182 1,917
6 10,395
259 stead of five as now. It is also proposed to substitute for the
5,139 1,608
4,783
60 fifth paragraph of the section the following : “ The duty of
the committee shall be to meet on the third Wednesday of
T otal.............................
433 89,132
63 74,297 10,023 2,913 November, at 3:30 P. M., and receive a report of the Quota
Theexoorcs for che week ending this evening reach a total tion Commi tee as to thj state of the market; also suggestions
of 1,005 bales, of which 815 bales were to Great Britain, 190 or opinions from any member of the Exchange regarding the
revision of spot quotations.”
to France and — to Reval. and the amount forwarded i
Northern mills has been 465 bales. Below are the exports
S h i p p i n g N e w s . —The exports o f cotton from the United
for the week and since September 1 in 1895-96 and 1894-95.
States the past week, as per latest mail returns, have reached
137,323 bales. So far as the Southern ports are concerned these
WeeK Ending A pr. 20. Since Sept. L, 1895. Norlh’ii Mi
are the same exports reported by telegraph and published in
Exports
the C h r o n i c l e last Friday. W ith regard to New York we
Great Fr’nce
Great F r’nce
Sine
from —
Total. BriVn
Total. Week Sept. 1
BriVn. t£c.
die.
include the manifests of all vessels cleared up to Thursday.

Se a I s l a n d C otto n

M o v e m e n t . —We

Total bales.
N ew Y o r k —T o Liverpool, p »r steamers Bovio, 5,182 u land
and 150 8 ea Island ..Poeasset, '.SIS ....... ......................
7,180
___
To Hull, per steamer Praneisoo, <,398
..
............... .......... 3,398
150
340 13,717
190
...
302
ro London, per steamer Ludgate Hill, 302 ..............
665
665 5,975
To Havre, per steamer La Bretagn *, 7 )3 upland and 19 i
......... ........
2,342
.........
Sea Island ........................... ...... ....................................... ......
973
To Bremen, per steamer Bimn, 3,269............................... ........ . 3,260
T o ta l........
190 1,005 36,643 6,198 42,841
465 36,653
815
To Hamburg, per steamer Patrla, 5 0 ............................
...
500
To Kotierdam, perstenner Edam, 5 0 ......................................
50
441
Total 1894-5
40
4S li33,758 5,338 39,096
163 33,574
To Antwerp, per s earner Noordland, 8 0 j ........................... ...
800
To Christiana, per steamer Veuetia. 2 0 0 . . . . . . . .............. .
200
A considerable portion of che Sea Island cotton shipped io
To Gottenburg. per steamer Marengo. 2,497 ..........................
2,497
foreign ports goes via New York, and s >me small amounts via
l’o Lisbon, oer steamer Oevenum, 2 ................................... .
2
To Marseilles, per steamer Cnateau Yquem, 200.....................
200
Boston and Baltimore. Instead of including this cotton for
To
Japan,
per
steamer
Woolwich,
40
■
......................................
400
the week in which it leaves the Southern outports, we follow He w O rleans—To Liverpool, per steamers Assaye 7 .4 3 5 ,....
the same plan as in our regular table of including it when
Engineer, 4,800 ...Horatio, 7,150 ...Mexican. 7,510 . . .
Navarro, 6 ,2i8....N iearagn n 4 .9 IO ......... .
. . . . ___ 38,124
actually exported from New York, &c. The details of the
To
Manchester, per steamer Rim m de Larrihaga, 8 ,10 J . . . 8,400
shipments of Sea Island cotton for the week will be found
To Havre, per stea u-r California. 8,252 _____
.. .. . . . .
8,252
under the head “ Shipping News,” on a subsequent page.
To Bremen, per steamers Bash uilts, 2.20 ) ..H u p ), 3,578, 5.778
To Hamburg, per steamer NattieW, 2 > 0 ....................... . . . .
250
Quotations April 10 at Savannah, for Floridas, common,
To Rotterdam, per steamer luskar, H I ....... ................. . . .
17L
11c.; medium fine, 13)^c.; choice, 16c.
To Copenhagen, per steamer Charing Cross, 2,241.................
2,241
Charleston, Carolinas, medium fine, 21c.; fine, 24c.; fully
To Beval, per steamers Her nano, 5,092 ..M il), 3,958___ _ 9,050
fine, 26c.; extra fine, 30c.
Galveston —T o Liverpool, per steamer Graoia, 5 ,5 )5 .................
5,585
To Mancheste", per steamer Lcny, 6,80) .......... .....................
6,808
J u t t e B u t t s , B a g g i n g , & c . —The market for jute bagging
To Hamburg, per steamer Fulwell, 6 o . ......................................
600
has been devoid of auimation during the week under review Texas Cit y —To Manchester, per steamer Leny, 1 ,1 0 0 .............. 1,100
58
and quotations are unchanged at 3%c. for \% lbs., 4J^c for Pensacola —To Liverpool, per steamer i.e mora (additional) , 8 8
—To Barcelona, per steamer Corona, 3,350 ..............
3,350
2 lbs. and 4,%n. for standard grades. Car-load loats for stand SCavannah
harleston —T<» 8 t. Pete sbnrg, per ate imer Will iwdene 6.615
6,635
ard brands are quoted at 3%c. for
lbs..
for 2 lbs. and Norfolk—To Liverpool, per steamer Bcetwatda (additional),
4%c. for 2}^ lbs., f. o. b. at New York. Juie outts have been
630..............................................
630
—To Liverpool, per steamers Angloman, 2 538 ...B o th 
inactive at 1 1-16 c. for paper quality and lj^c. for m ixing on Ioston
nia, 1,523___Cestrian, 5,2 i6 ...Philadelphian, 2,47o up 
the spot.
land and 1 o Sea Island— Sachem. 2,273 upland and
342 Sea Island . . . ........................... ....................................... . 14,512
D o m e s t ic E x p o r t s o p C o t t o n M a n u f a c t u r e s .— Through
Baltimore - To Liverpool, p r steamer Rossmor <, 2 9 1 ...............
291
the courtesy of Mr. W. C. Ford, Chief of the Bureau of
To Bremen, per steamers H. H. Meier, 1 ,4 0 9 ....Roland,
Statistics, we have received this week a statement showing the
2,953 .............................................................................................. 4,353
To Rotterdam, per steamer Urbino, 100 ....................... .......
100
exports of domestic cotton manufactures for Februarv and for
hiladelph ia -T o Liverpool, per steamer Pennland, 22 ( .......
223
the eight months ended Feb. 29, 1896, with like figures for 8Pan
Francisco— To Japan, per steamer Belgio, 1,050.................
1,050
B’vann’h, &o
Chari* t ’n, A c
Florida, &o.
New Y ork ..
B o ston ........
B altim ore..

11,648
2,961

2,366 14,014
64 3,025
_____
3,755 17,472
5,-*75
13 2,355

465 31,571
1,474
___ 3,608

the corresponding periods of the previous year, and give
them below:

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

....137.323:

A

p r il

THE CHRONICLE.

U , 1896,]

The particulars o f these shipments, arranged in our usual
form , are as follow s.
Brem en Other
Halt,
,5 H i n V trih H>>tih
L iver- M atch.
p ,ol. d Lon, Havre, bur,] B i n d s E a r ‘i t . Japan.
202
40 J
973 3.76) S.517
(Jew York. 7,IS 3.700
ST. Orleans. 38,1 U 8.4 >0 8,3 .2 6. >23 11,463
tioo
.......
SalTeston., 5,535 6,803
Texas City ------ 1,100
Pensacola.
as .........
. . . . 3.350
5*wai:u.h..
.............. . .
6,635
.......
......
Oftart-.ron...............
N orfolk___
<140 .........
Boston....... 14.513 .........
4.353
100
Baltimore..
2 0 1 ____
P h llad elV .
228
.......
................. 1,050
San Fran...............................

T ota l.. . . 66.653 23.0 M 9,215 14.74121,7U

Total.

19.76 2
72 266
12,993

695

The prices o f fntures at Liverpool for each day are given
below. Prices are on the basis of Uplands, L ow Middling
lause, unless otherwise stated.
"'W The prices are bitten ill pence anti, 64® .
3 63-64A , anti 4 01 means 4 1-Old.
S a tu r.

Io n ,

T t ie s .

Thus:

3 63 m eans

T S lu rs.

W ed.

F r i.

1,100

53

3.350
6,635
630
14.512
4,741
223
1.050

3.552 1,450 137.323

Below we a l l the cle trances this week o f vessels carrying
oottou fro a U n ite! States ports, briaging our data dow n to
the latest dates.
Q iL v sw ros - Co H ivre -V o r il 8 - 3 t e tmar EU iU -ela. 2,416.
To Bremen—April 7—Strainer Ethiopia, 3,3 81— A pril 8 —Steamer
Etoaireda, 2,-Sn,
T o Hamburg -A p ril 7 -8e>.»awr V u l i l o v , 573.
T « I a S O trr —Co .1.e rp ) 9 - Vp U 3 —Scon nor Iratsla, 3.032.
Co Havre -A pril S—iteatoer Btbalreda. 249.
To Bremen April 8 —Steamer E tbelrida, 800.
N ew Oat-EASS-t’.i p ferp oii April i —Seei o i r Orton, 5,439.
T o Uamourg—Aortl 7 —ite* n-r 31-6111. 2.803.
T o Narva— \ ri i —snip Llxr,t« B irrell. 4.826.
To V en ice—Voril 9—Sientn-jr fm tin , 710.
H o u iu i Co Llverpo ■!—A>rU m —Steams Dalmailv, 4,224,
S a v a SWAH —t * Bre.n n Apr 1 2 —St« > uer Pock i gt m, 2, >71.
BaosswiOK — ***» Bremen—April 9 -Stevner T um ’i .rt. 1,9 It.
W im unijto N—'T •Liverpool - A iril 9—Steame- m a o io . 4,150.
N o a r i n t - o If •o o a r s -A p r il 6 —9 earner WestiuU. 300 ...A p r i ls —
Steam -r (J .rlo n , 2 >«
Ne w p o r t N ew s -C o Liverpool -.vprtl 8 -S t* * ii-r K n a w h a , 1,297.
B is t is —C i LI en»
A m l 1— M i l * Soyrt a. 1 .'7 6 ...A p r il 6 —
Summer Sagamore, 1,000 upland anil 223 Sea Island.

A p ril 10.

1:45 4 1:45 4 1:45 4
P. M. P. M. P. M. P.M. P. ai. P.M.

A p ril............
A prll-M ay,May-J une.. June-July
J uly- i n ? ...
A ag.-8ept...
8 e p t .-0 c t ...
Oot--^ov ...
N ov.-D ee...
D eo.-Jan. . .
Jan-.Peb . ..
Fell-March..

*

5

*

j3
&
o
3

cS
53

4
4
4
4
4
4
4
3
3
3

a.
19
17
16
14
13
10
05
62
60
80

d.
d.
d.
4 19 4 20 4 20
4 17 4 1H 4 19
4 17 4 1 7 4 17
4 15 4 15 4 15
4 L4 4 14 4 14
4 1 0 4 11 4 11
4 03:4 03 4 03
3 62:3 62 3 62
3 60! 3 60 3 60
3 6013 60 3 60
.. .

d.
413
4 17
4 13
4 13
4 12
4 10
4 01
3 60
3 53
3 58

d.
419
+ 16
4 15
413
4 12
4 09
101
3 60
3 53
3 58

....

B R E A D S T U F F S .

F r i d a y . April 10, 1896.
Early in the week the home trade bought rather freely of the
trade brands of flour and prices advanced 1 0 to lac. per bbl., in
sympathy with an im provement in wheat values, but subse
quently demand became less active, ow ing to a reaction in the
grain jnaiket. Prices, however, were firmly maintained. A
fairly large business was transacted in city mills at higher
prices. Rye flour has bean quiet hat steady. Cora meal has
had a limited call at steady prices. T o-diy the market for
BALTIMORE >o Livnrp-tol —A»ru ’ - ’ i - i.u t rmup.e.pons, 6S0.
wheat flour was quiet bur steady.
Co Ore uep—Aprt 8 -S w a m r Mu n,'U • * 3,?> *
There has been considerable animation, to the speculative
To Antwerp— April 2 —3 :-»>*>.'■ 2 or»•>King, is o .
dealings in the market for wheat futures and prices advanced
P h il a d e l p h ia - T o Antwerp—April 1—Steamer Nederland, 150.
Ban Francisco —Co J a.*>»0—April i—St-a n >r Pirn, 1.000.
sharply during the first half of the we»k on active buying
Below we give all nows received to date o f disasters to hod) to cover contrlets and fo r investment account, stimu
lated by u if tvorable crop proaoects at the W est and stronger
vessels carrying cotton from United States ports, &e.:
f oreign advices. Subsequently weather coalition s at the
SICILIA. stsam r f 8r ), at 3av ,>io»h, lo a fe d With oottou and phosphate,
West were reported as more favorable for the grow ing crop,
for Bare Soak. F .re'irek e * it in the fir w tr d h u d o f can * ■I ' I
and this prompted selling by “ longs” to realize profits,
op A udi i
It ha ! oral a t f b sx i • n Htllerlu* tar * •ii > tiiaa.
and burn -1 ft,ro ly u t i l t in o t u o .-r , a at » » U rodsi w en and
part o f the improvement
was lost.
In the
• f,t a r
he o r i g i n o f 111' it e I a a n k a j w . i Four hundred and
spot market off rings
have been small, ow ing to
throe l> das o f oattoa ware dam aged.
scarcity o f supplies, and prices have been firmer. The
Cotton freights the past w eek have been as follows.
business reported yesterday was a sale o f S o . i spring, but
the term sof the s Ue were kept private No. 1 hard was quoted
Mutur.
Fri.
Hon.
turn. W€4m.f. Thurs,
at 6 j. over Slav f o. h. art >at, and No. I Northern at 3c. over
M iy f o. b. afloat. To-day the market was quiet a a l changes
Liverpool, thr'h. <t.
h«
he
hi
hi
he
l t«3
in prices were unimportant, closing steady. The spot market
Do
local,, 11
....
....
....
was fairly active and firm. The sales included No. 1 spriag,
Havre. . . . . . . e 2,8* it *4 2 5 !*% 251**4 25*» H 2 nm n 2519*4 New Y ork inspection, at 2J£e. over May f. o. b. afloat; No. i
...
Dunkirk,
„„„
*»
*»
Minneapolis at 3c. over May f. o. b. afl ;at, and No. I N irthern
201
20?
201
20*
20?
Brem en.............«
201
and I P, spring at t ^ e . over May in store. Trading o i the
curb to-dav was active and prices advanced lc. per bushe
23*
23t
23?
Hamburg __ ...e
23*
231
23*
from official closing prices on the Government’ s crop report,
22*a?
Do
May 9.r. 22 %t
22 %*
23%i
22*sl
22>sl
which made the condition of the growing crop 771 against
19*
im
19*
Amsterdam ...... c.
lot
191
19*
811 this time last year.

Beval. v. Hams */.
Do v. Hull.
BArceioaik. . . . . . . d.
G enoa................a.
Trieste.............. 4.
Antwerp............ </.
...

«*»
35*

“ <*«
351

35*

“ st
35*

...

20*
52
hi
J*4

29?
*3.

SJ
‘•’fWl
Ml

7«

291
5S3
hi
h,

IL .
35!

‘Li
351
...
291

-»•

291
53i
h*
hy_

®**4
M*

• Cents net per 100 ihs.

L iv e r p o o l . - B y cable from Liverpool we have the follow ing

statem ent o f the week’s Bales, stocks. Sits., at that port.
itch 20

sales o f the
pa Ia.
O f which exporters too*
O f whloh speculator* took

49,000
1,400
700
43,000
8.000!

itch, 27

52.000
1,000

Apr. 3
39,000
1,000;

Apr. 10
30,000
500

Bale* Am erican...................
36.000
27,000
40.000
3.000
9,000
5,000
A etna! e x s o r t ......................
64.000
4 8,000
74,000
F o r w a r d e d ............ .................
72,000
Total stock—estim ated .......... 1,148,000 l.UM.OOO 1,121,000 1,1115,000
949.000 971,000 981.000 970,000
Of whloh American—Es tilth
65.000
78,000
7 - .000
91,000
Total !m port o f the w eek.. . .
*2,000
54.000
iU.000
88,000
O f which American . . . . . .
190,000
164.0
0
156,000
Amount afloat........... ........
135,000
Of vrhire American
170,000 116,000 l 15,000 I 10.000

The tone o f the Liverpool market for spots and futures each
day o f the week ending April 10 and the daily closing prices
o f spot cotton , have been as follows.
Spot.

-Saturday Monday. Tuesday. Wed?'inw Thursd'y. Friday

Market, ! \
1:45 p . m.]

;
;

j

MM.Uprila

i

Bales
...
Spec, * exp.

-A
3

Sutures. 1
Market. ) j
U 4S e . * , )

3
;
;

Market. )
* f. w. r

:
•

>
1
o
53

•&
•d
o
53

Fair
oaalness
do ng.

Mnrdao'ft

* >-ha

4WS4

10,000
t 00

10,000
500

Quiet »i

Quiet.
4W3S
8,000

aoo

•itend y

Quiet **■
l-m decltne.

Steady.

Quiet.

OAILV CLOSING PRICES OF NO. Z RBD WINTER WHEAT.

8at.
May d elivery.............
71*4
70%
June delivery....... ..
July delivery.. . . . . . ...c . 70%
....
Awgiist delivery___ ...G,
70%
8t!pt*j mher deli very..
72%
December delivery..

Mors.
73%
72%
7 2 7a
....
73%
75

Tuer.
73%
73 tg
73
73*e
73%
75%

Wed. Thurs.
72%
73%
72
72%
72% - 72
71%
72%
72
74%
73%

Fri.
72%
71%
71%
....
71*9
73%

There has b *eii slightly increased activity to the trading in
the market for Indian corn futures and pricis have followed
closely after wheat values, advancing during the first half of
the week on buying by “ shorts” to cover con tra ct, but later
reacted m d e r selling by “ longs” to realize profits. In the
soot market business has been checked, o ving to li mited of
ferings. The business transacted yesterday included No. 2
mixed at 40c. in elevator and 4 ljg c. f. o. b all >at; steamer
mixed at 41c. delivered; steamer white at 40c. in elevator
and 41c. delivered ; also No. 2 white at 40t^c. in elevator.
To-day the market was dull but steadv Toe spot mtrket
was firm but quiet. The sales included steim er at 40c. in
elevator and No. 2 white to arrive at 41c. delivered.
D A I L Y C L O S I N G P R C IKS

May d eliv e ry ..........
Jalv delivery, ...
September delivery

Sat.
35%
.0. 3 «%
0. 37%

>"• N O . 2

Mon.
36
37%
—

« ’ <C«I> C O R N .

Tues.
36%
3/38
38 3i

Thurs.
36
37
33%

Wed
36*e
37%
38%

36
3 6 7®

38

Oats for future delivery have been moderately active at ad
vancing prices on general buying stimulated by the unfavor
able crop prospects at the West. During the latter part of
the week, however, there was some selling to realize profits
aDd part of the improvement w ai lost. In the spot market
business has been fairly active at higher prices. Shippers
have continued buyers, principally of white clipped grades.
Their purchases for the week amounted to about 150,000 bush
els. The sales yesterday included No. 2 mixed at 25*^c. ia ele
vator, No. 2 white at 261^0. in elevator and white clipped at
28,>4' c. f. o. b. afloat. To-day the market was unchanged.
The spot market was fairlv active and steady. The sales in
cluded No. 2 mixed at 25J£c. in elevator, No. 2 white at
23}.£c. in elevator and white clipped at 24J40- f. o. b. afloat.
D AILY CLOSING PRICES OF NO. 2 M IXED OATS,

5

Very
steady.

Sat.
May d e liv e r y ....,......... 0. 24%

Hon.
25%

Tues.
26%

Wed.
25%

Thurs.
24%

P r i.
24%

696

THE CHRONICLE.

[V o l . L X IL

T h e fe e d in g g ra d e s o f b a rle y h a v e b e e n ia lim it e d d e m a n d
f o r e x p o r t a t s te a d y p r ic e s .

T h e v a lu e o f th e N e w Y o r k e x p o r t s f o r th e y e a r h a s
b een $2,333,193 in 1896 a g a in s t $2,195,550 in 1895.
T h e re h a s b e n n o m a te ria l c h a n g e in th e p r ic e s o f b r o w n
F ine.................. # bbl. $1 7 5 ® 2 25 Patent, w inter.......... $3 7 5 ® * 4 10
sh e e tin g s a n d d r ills b u t th e m a r k e t is s till v e r y ir r e g u la r ,
Superfine..................... 1 8 0 ®
2 40City nulls e x tra s.......
4 20
Extra, No. 2 . .............. 2 30® 2 65 Rye flour, superfine.. 2 45® 2 90 w it h a n in d iffe r e n t b u sin ess p a ssin g . H e a v y g o o d s s u it a b le
f o r e x p o r t a re b est s itu a te d , le a d in g m a k es b e in g w e ll s o ld
E xtra, No. 1 ............ . 2 50® 3 00 Buckwheat flo o r .......
1 25
Clears........................... 2 65® 3 40 Corn m eal—
a n d ste a d y . T h e d e m a n d f o r b le a c h e d sh e e tin g s has b e e n
Straisrhts.................... 3 30® 3 85
W estern, & o .......... 2 10® 2 15
m o s t ly c o n fin e d t o sm a ll q u a n titie s a n d o f a d is a p p o in tin g
Patent, spring. — .. 3 50® 3 95
2 20
B randyw ine.......... .
c h a r a c te r , in v ie w o f th e p r e v a il! g lo w le v e l o f p r ic e s , a n d
[W heat floor in saoks seUs at prioes below those fo r barrels.]
e v e n in s u c h b u sin ess as is p a ssin g g o o d s “ o n m e m o r a n d u m ”
GRAIN.
a re a fe a tu r e . K id fin ish e d c a m b r ic s a re in a c t iv e a n d ir r e g u 
W heat—
0.
0.
Corn, p er bush—
00
®
la r. T h e r e is b u t a s lo w d e m a n d f o r w id e s h e e tin g s w ith o u t
Spring, p er b u sh .. 71 ® 79
43
W est’ n m ix e d .. . . — 40
Red w inter No. 2 .. 81 tP 83ia
No. 2 m ixed.......... 40*4® 42
c h a n g e in p r ice s . C o tto n fla n n els a n d b la n k ets q u ie t . C oa rse
40 ® 43
R ed w in ter............ 77 ® 84
W estern y e llo w ..
c o lo r e d c o t t o n s in a c t iv e a n d ir r e g u la r , w ith th e e x c e p t io n o f
W h it e ..................... . . . . ®
Western W hite___ 40 ® 43
d e n im s , w h ic h a re s te a d y u n d e r c u r ta ile d p r o d u c t io n . T h e
Oats—Mixed, per bn. 22 ® 2 6 1a R ye—
__
®
W hite...................... 24k*® 29
Western, per bush.
fe a t u r e in th e m a r k e t f o r p rin ts has b een th e r e d u c t io n o f
®
No. 2 m ix e d .......... 25ia® 26 »a
State and J e rse y ..
sh ir rin g liD es t o th e basis o f 3 % c . f o r M e r r im a c k a n d 3 % c . f o r
No. 2 w h ite......... . 26ia® 27 hi B ariev—W estern ,... 39 ® 45
A m e r ic a n , as lo w as e v e r r e c o r d e d . T h e d e m a n d h a s b e e n
Feeding................... 34 ® 37
m o d e ra te . O th e r p r in ts h a v e r u le d g e n e r a lly d u ll a n d e a s y
A gricultural D epartment R eport.—T h e r e p o r t o f th e to b u y . D ress s ty le g in g h a m s a re s lo w th r o u g h o u t a t ir r e g u 
D e p a r t m e n t o f A g r i c u lt p r e , s h o w in g th e c o n d it io n o f w in t e r la r p rioes, a n d sta p les d u ll a n d u n c h a n g e d . T h e re h a v e b e e n
n o sales o f r e g u la r p r in t c lo t h s a n d o n ly a m o d e r a te b u sin ess
w h e a t o n A p r i l 1, w a s issu e d o n A p r il 10 as f o l l o w s :
Consolidated reports from tow nship, coun ty and State correspond r e p o r te d in o d d s . E x t r a s u n c h a n g e d a t 2 ^ c .
ents show a condition o f w inter wheat in nine leading States as fol
1896.
1895.
1894.
1893.
o w s : Pennsylvania 64. Ohio 56, Michigan 82, Iudiana 77. K entucky
A pr. 4.
Stock o f P rin t Olotht—
Apr. 6.
Apr. 7.
Apr. 8.
70, Illinois 81, Missouri 75. Kansas *8. California 9 i ; average for tlie At Providence, 64 squares.. 2.i 0,000
127.000
209.000
42.000
e m iie coi ntry 77 1. against 81*1 last year and 86-7 in 1894. The con  At Fall River, 64 squares... 728,000
66,000
320.000
48.000
dition o f Tye was in New York 91, Pennsylvania 78, Wisconsin 77 ; At Fall R iver, odd sizes__ . 528,000
121.000
76,000
average fo r the entire coun try >*2*9. Dry weather at seeding time,
from which scarcely a coun ty was exem pt, largely retarded or p re
Total stook (p ieces)___,1,486,000
314,000
605,000
90,000
v e n te d germination throughout the winter-grain producing region,
W oolen G oods.— T h e g e n e r a l c o n d it io n s o f th e m a r k e t f o r
and the winter coverin g o f snow was exceptionally seam y. R ye suf
fered in m ost States less than wheat. Drought in early winter and m e n ’s -w e a r f a b r ic s h a v e u n d e r g o n e n o m a te ria l c h a n g e . A n
alternate freezing and thaw ing afterw ard greatly injured the crop o c c a s io n a l a g e n t r e p o r ts s o m e im p r o v e m e n t in th e d e m a n d
east o f the Mississippi. In Nebraska. Kansas and w estward there was f o r m e d iu m -p r ic e d lin es, b u t as a r u le th e d e m a n d c o m in g
less w inter killing than usual, ow ing to the mild season, and present
conditions are reported favorable. Hessian fly reported in a very few fo r w a r d is as u n s a t is fa c t o r y as b e fo r e in a ll d e s c r i p t i o n s a n d
g ra d es. T h e r e is n o t , h o w e v e r , a n y a c c u m u la t io n o f s to c k s ,
counties along the A tlantic slope.
T h e f o l l o w i n g c o m p a r is o n f o r a n u m b e r o f y e a r s c o v e r s th e a p a r t fr o m s u c h as is in c u r r e d f r o m c a n c e lla tio n s , as t h e r e a r e
f e w m ills r u n n in g b e y o n d th e o r d e r s a c t u a lly o n th e ir b o o k s .
c o n d it io n in th e le a d in g S ta te s:
T h is k eep s p r ice s c o m p a r a t iv e ly s te a d y in b o t h l o w a n d h ig h
C O N D IT IO N W IN T E R W H E A T A P R IL 1 .
1896. 1895. 1894. 1893. 1892. 1891. 1890. 1889. p r ic e d g r a d e s. T h e o v ex -coa tin g d e m a n d c o n tin u e s in a c t iv e
86
90
71
87
Ohio............................... . 56
87
98
88 a n d p rices ir r e g u la r . T h ere is s o m e re q u e s t f o r K e r s e y s a n d
W o o le n a n d
74
M ichigan...................... .. 82
83
93
67
78
83
87 b e a v e rs , h o w e v e r , b y th e c lo a k in g tr a d e .
82
Indiana......................... . . . 77
83
90
78
99
75
94 w oiB ted d ress g o o d s h a v e b e e n f a ir ly o r d e r e d in n e w fa l l
lin es w ith th e b u lk o f th e bu sin ess p a s s in g in fa n c ie s a t
72
Illin ois.......................... . . . SI
87
87
82
97
75
97
ste a d y p r ice s . S a les o f b la n k e ts h a v e b een in d iffe r e n t a n d
M issouri.......................
76
72
89
8S
96
83
95
fla n n els a n d ca r p e ts a re d u ll a t u n c h a n g e d p rices.
72
K ansas.......................... . . . 89
53
62
77
99
96
87
Foreign Dry G oods.— S e a s o n a b le b u sin ess h a s b e e n in 
57
T ex as............................
84 100
74
97
89
97
T ennessee.................... ............
81
66
83
80
78
98
98 a c tiv e a n d c o n fin e d m o s t ly to p u r c h a se r s o f c h e a p o d d -a n d M aryland.....................
89
91
89
86
93
99
95 e n d lots f r o m s to c k s w h ic h a r e b e in g c le a r e d u p a t c u t p r ic e s .
89
79
88
87
V irgin ia....................... . ..
96
98
96 O rd ers f o r fa l l o n d ress g o o d s a re still b a c k w a r d c o m p a r e d
92
N ew Y ork ....................
99
97
92
94 w it h r e c e n t sea son s, a n d a re n o t b e in g p u s h e d f o r w a r d w it h
88
88
u su a l a v id ity b y fo r e ig n h ou ses. F a ll silk s a lso a r e in c o m 
92
98
87
84
97
99
93
Pennsylvania.............. . . . 64
p a r a tiv e ly q u ie t r e q u e st.
A v e ra g e ................ ...7 7 T 81-1 86-7 77-4 8 1 2 96 9
94 I m p o r t a t io n s a n d W a r e h o u s e W i t h d r a w a ls o f D r y G o o d s
81
E tW F o r o th e r ta b le s u s u a lly g iv e n here se e p ag e 6 7 0 .
T h e im p o r t a t io n s a n d w a r e h o u s e w it h d r a w a ls o f d r y g o o d s
a t th is p o r t f o r th e w e e k e n d in g . A p r il 9, 1896, a n d s in c e
J a n u a r y 1, 1896, a n d f o r t h e c o r r e s p o n d in g p e r io d s o f last
T H E DRY GOODS TRADE.
y e a r a r e as f o l l o w s :
New Y ork , F rida y , P. M., April 10, 1896.
oh
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d:
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points specified in the tables below:

1896.

N b w Y o b k TO A pril 6.
Week
Great B ritain......................
O ther E uropean................... .
China ......................................
I n d ia ......................................
A rabia...................................
A frica ......................................
West Indies...........................
M exico..................................
Central A m erioa............ .
So nth A m e r io a ...................
Otner Countries.................
T ota l................................
T otal................................

Since Jan. 1.

1895.
Week

46
9
54
5
468
40
256
42
129
546
93

552
1,209
16,953
2,447
5,064
3,801
3,629
760
2,315
12.354
926

1,688

50,010
11,162

3,289

61,172

3,289

1.688

159
50
100
53
337
47
38
2,484
2L

Since Jan. 1
1,264
949
10,093
1,990
6.424
2,628
4,880
810
2,676
15,805
1,761
49,280
6,450
55,730

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um j

THE CHRONICLE.

697

C ity D epartment ,

In the following table we give the prices which were
paid for March loans to. the amount of $2,947,705,
TERMS OF SUBSCRIPTION,
issued by 30 municipalities. The aggregate o f sales
T he I nvestors’ S upplement will be furnished for which no price was reported is $1,271,322 and the
without extra charge to every animal subscriber of the total sales for the month $4,219,027. In the case of
each loan reference is made to the page of the C h r o n 
COMMERCIAL an d F in a n c ia l C hronicle .
T he State a sh Cit t S upplement will also be fur i c l e where a full account of the sale is given.

and

nished without extra charge to every subscriber of the
Chronicle .
T he Street R a ilw a y S upplement will likewise
be famished without extra charge to every subscriber
of the Chronicle .
T he Quotation Supplement, issued monthly, will
also be famished without extra charge to every sub
scriber of the C hronicle .
TEEMS for the C hronicle with the four Supple
ments above named are Ten ollars within the United
States and Twelve Dollars i i Enrope, which in both
eases includes postage.

Terms of Advertising— Per Inch space.)
O ie a m e . . . .......................... *3 60 |Tar Months (13 tiraesj..$25 00
One Month
(* times)., I t 00 1Si* oaths
CIS times).. 43 00
Two Months
(8 times).. 18 00 I Twelve Months (52 times).. 53 00
frhs shove terms for one month and upward are forstaadlne ca rd s.
T h e p u r p o s e o t t h l* S t a t e a n d C i t y D e p a r t m e n t
te so furaieh ou r subscribers w ith a w eekly addition to and
a o tin u a d o n o f the S t a t s an d C m r S u p p l e m e n t . In other
w ords, w ith the n e w facta w e shall g iv e , the am plifications
* i l correction s w e shall pu blish, and the m u n icipal law s we
«nsii a nalyse in th e “ State and City D epartm en t,” w e expect
to (tring d o w n w eek ly the in form a tion con tain ed in the
S r c r s a n d C rre S u p p le m e n t to as near the cu rren t date as
possible. H en ce e v e ry S u b scrib er w ill at a ll tim es possess a
com plete and fresh cyclopaedia o f in form a tion respecting
Municipal Debts.

M a k c h B o n d Sa l e s .

Page.
Location.
Bale.
Maturity.
Amount.
562.. Augusta, Ga.................. 4% Anr. 1,1928
56.000
652 .. Barre, Vt................... 4
45.000
515. .Brooklyn, N. Y .............. 319 Mar. 12,1916
205,855
515.. Brooklyn, N. Y .............. 3% Mar. 12, 1926
60.000
515.. Brooklyn. N. Y .......... 31-3 1924-1927
40.000
5 1 5 .. Buffalo, N. Y .................. 3% Jan. 1,1916
50.000
602.. Cam bridge, Mass..... 4
1936
100.000
602.. Colorado Springs, Ool.. 5
____
170.000
4 7 0 .. Fall River, Mass....... 4 Mar. 1,1906
102.000
516-.Gloversville, N. Y ......... 4V5 1897-1901
7,850
602 .. Greensburgli Soli. Dist.,
No. 1, N Y ................ 4
1897-1916
20.000
510.. H-.:lonii, Mont........... 5
1916
161,500
516.. Helena. Mont.................
........
400.000
652.. Highland Co., Ohio.......
........
30.000
002.. 1.dianapolis, Ind..... 4
1897-1903
70.000
562.. Jamaica Union Free Sell.
Dist., No. 8, N. Y ....... 4
1919-1926
18.000
471 .. Lynn, Mass................ 4 Jan. 1,1921
100.000
652 ..Milwaukee, Wft............ 5
1897 1916
75.000
472 Mount Vernon, N. Y___ 5 Mar. 1,1899
10.000
472.. MountVernon, N. V_ 5 Mar. 1,1902
36.000
i 652..Newark, Ohio................ 5
1905 1918
18.000
, 562..Pomona, Cal.................. 0
1897-1936
195.000
! 510..Price Co., Wash..................
1901-1903
78.000
I 563. .Benasefaer Co ,N. Y ___ 0% 1931-1945
105.000
j 472.. Boa ring Springs, P a __ 5
1926
3.000
I 563..St. Croix Co., Wis.......... 5
1900-1912
65.000
516. -South GleusFalls,N .Y . -1
Feb.1,1916
50.000
|603 ..Surry Co.. Va................ 0 Mar. 18,1911
5.000
i 603..Tucoma Sell. Dist., No.
10, Wash.......................... Apr. 1,1906
110.000
- Taunton, Mass............. 4 .Tidy 1,1922
15,500
603.. West Chicago. Ill..... 5 July 1,1915
200.000
: 603 .West Chicago, 111_____ 5 Julv 1,1915
50.000
j 603..W e t IliiM,’...-I., V. J . . . . 5 1899 & 1901
40.000
6)54 Wilmington, !><-!........... 4 )
r
10.000
05 t ..Wilmington, lie!........... 4 [ 1924-1925<
30.000
i 054.. Wilmington. Dei............ 4 )
/
85.000
5 6 3 .. Yonkers, N. Y ______ 4
1925-1955
81.000
j 003..Yonkers, N .Y ................ 4
1915-1916
50.000

Award.
105-107
100101-059
101-059
101-059
101-873
113*617
101-132
104-57
100-713
103-33
100100103-5
*101*
102 50
106-68
111-76
103-41
106 91
107-816
105-128
101101*795
100*
106*170
101*53
100*
104*090
107*093
102*1626
102*5
101-03
105104*
103113-53
107-79

Total (30 municipalities)................................ $2,947,705
Aggregate or sales for which no price has
been reported................................................ 1,271,322
Total sales lor March................................... $4,219,027
•Flat price,

STA TE A S i ) C IT Y S U P P L E M E N T .
lu the Chronicle of March 14, vol. 62, page 516,
The sixth edition of the S tate and C ity S upple a list of February bond sales amounting to $4,341,520
m en t

is mailed to our subscribers with this number o f

the C hronicle. There have been added to the publi
cation this year 342 new statements, making the total
number of reports from States, counties, cities, towns,
villages and ichool districts in the book at present
2,824— nearly three thousand. The amount of statistical
matter which has been gone over in the wotk of
revision has been considerably greater than for any
previous issue of the S upplement, and we believe that
the value of the publication has been correspondingly
increased.
The announcement is made on the first editorial
page that hereafter the State and Citt S upplement
will be issued semi-annually, in April and October.
This change has been contemplated for several years,
and we know that a large class of our subscribers will
be pleased to hear that it has at last been decided
upon.
_______________________

will be found. Since the publication of that state
ment we have received the following report for that
month.
A d d it i o n a l F e iir u a h y B o n d S a l e .

Pace.

Location.
Rate.
o x .. . . . . . . . . 5

Maturity.
1936

Amount. Award.
$82,000 . . . .

This additional loan will make the total sales re
ported in February foot up $4,423,520.

H nnd P r o p o t a l i a n d N e g o t ia t io n * .— We have re
ceived through the week the following notices of bondsrecently negotiated and bonds offered and to be ofEnv.l for
sale.
Atlantic Highlands, N. J.—Bond Election—The people of
Atlantic Highlands will vote April 27, 1896, on issuing bonds
to an amount not exceeding $15,00U for the constru tiou of
an electric-light plant.
A u gu sta, K y. —Bonds Authorized.—School bonds to th e
amount o f $10,000 have been voted,
Baltimore County, aid.—Bonds Proposed.—This county
has petitioned the Legislature for authority to issue $159,000
of bonds.
Bellevue, Ohio—Bonds Defeated—On April 6 the voters of
Bellevue defeated the proposition to issue bonds to the
M U N IC IP A L BONED S A L E S I N MARCH.
amount of $30,000 for the construction of a new reservoir.
The municipal bond market was extremely dull
Boone County, Iowa.—Bond Sale.—It is reported thatth is
during the month of March, and although an un county has sold $20,000 of refunding bonds for $20,046. The
usually large number of city loans were offered, only bonds bear interest at the rate of 5 per cent.

the more desirable issues called out satisfactory bids,
and the sales reported were moderate in amount. The
total for the month, as shown by our table below, was
$4,219,027, and the absence of large issues is one of
the features of the compilation. It is the opinion of
many who are moat conversant with financial matters
that do very active market can be expected for invest
m ent securities o f this class until the fear of reckless
silver legislation is wholly dispelled from the public
mind.

B o s t o n , M a s s .— S o lid S a le .— O n A p r il 8th $500,000 o f ?>%
p e r c e n t r eg istered c e r t ific a t e s o f th e R a p id T ra n sit lo a n w e r e
s o ld t o M essrs. J . W . L o n g s t r e e t & C o ., o f B o s to n , a t 101'86.
T h e fo llo w in g p ro p o sa ls w e r e r e c e iv e d f o r th e lo a n
Bid.
B idder—
Amount.
100-83
W. I. Q'liiitard, New Y o r k ....................................$=.00,000
100*036
Dietz Deni-ou & Prior. B oston......................... 100,0 0
100*27
E. C. Slanwood & Go.. Boston .......................... 20 ,060
101*86
J. W. LmoKDtreet & Co., B oston......................... 500,000
Estabrook & C<>.. B oston............................
ftOO.OuO 101*219
100,919
R. L, Day aud B'ake Bros. & Co., B oston........ 500,000
101*36
E. H . Rollins & Sons, B oston ....................... .
SO '.OOO
100*837
Lee. Hitryiusoii &. Co.. B oston............................... 500,000
lul*61
E. IT. Roll ins A son s, B oston........................ ... 100,0U0
101*33
do ................................ lo o .o o o
do
do
10111
do
do ................................ 100,000
do
101*03
do ................................ 100,000
do
do
100*76
dO ................................ 100,000
do
do

1HE CHRONICLE.

698

[V ol , LXIL

T fe securities will be dated April 1, 1896, interest will be
Deer Lodge County, Mont.—Bonds Authorized.—It is re
payable semi-annually, April 1 and October 1, and the princi ported that 5 per cent refunding bonds to the amount of §40, pal will mature April 1, 1936.
000 will be issued.
- Cambridge, Mass.—Bond Offering—Proposals will be re
Elyria, Ohio.—Bonds Authorized.—It is reported that an
ceived uniil April 16, 1896, for the purchase of §100,000 of election held April 7 on issuing §350,000 of water works
water bonds. The loan will bear interest at the rate of 4 per bonds resulted in favor of the proposition.
cent and run 30 years.
Eugene, Ore.—Bond Election.—A vote will soon be taken
(, Cape Charles, Va.—Bond Offering.—Proposals will be re
ceived until April 15 by C. G. S anthers, City Clerk, for the on issuing water-works and electric-light bonds.
purchase of $111,000 of water-works bonds. The securities
Fall River, Mass.—Bonds Authorized.—It is reported that
will bear interest at the rate of 5 per cent and run 30 years.
this city has been auilioriz d by ths Legislature to issue
1 Cape May, N. J.—Bonds Authorized.—Water and fire de §75,000 of additional bonds for the new public library build
partment bonds to the amount of §13,000 have been author ing.
ized.
Georgia.—Bonds to be Offered.—It is reported that §242,000
Cincinnati, Ohio—Bonds Proposed.— This city has peti of Georgia refunding bonds, to bear interest at a rate not to
tioned the Legislature for authority tojissue §6,000,000 of 4 exceed 4 per cent per annum, will be offered for Site some
time in June. State bonds to the amount of $542,000 will
per cent water-works bonds.
If Cleveland, Ohio—Bonds Proposed—An ordinance has mature on July 1, 1896, and the new issue will be made to
been submitted to the Legislature providing .for the issuance refund a portion of the maturing loan. The remaining §300,
000 is to be redeemed from cash already in the State Treasury.
of §5,000,000 of 4 per cent bonds.
Grand Ledge, Mich.—Bonds Authorized.—Water-works
VjrCleveland School District, Ohio.—-Bond Offering.—Pro
posals will be received until 13 o’clock noon May 1, 1896, by bonds of this municipality to the amount of $25,000 have
H. L. Rossiter, Auditor of B iard of Education, for the pur been voted.
chase of S35,000 of 4 per cent funded debt coupon renewal
Greeley Centre, Neb.—Bonds Authorized.—Four and onebonds of the city school district. The securities will be dated half per cent 20-year bonds to the amount of §30,000 have
May 1, 1896, interest will be payable semi annually and the been voted.
principal will mature May 1, 1906, both principal and interest
Greenwood, S. C.—Bonds Authorized— Bonds have been
to be payable at the American Exchange National Bank, authorized for a court-house and jail.
New York.
Hagerstown, Md.—Bonds Authorized—Drainage bonds of
The total debt of the district, composed of bonds and notes,
is at present §999,515 ; sinking fund, §119,693 ; net debt, §879,- this city to the amount of §7,000 have been voted.
833. Its assessed valuation is $135,048,380 ; estimated real
Hamilton County, Ohio.—Bonds Authorized.—Four per
valuation, §500,000,000. The population, according to local cent 20-year refunding bonds to the amount of §26,000 have
figures, is 360,000.
been authorized.
“ Cole County, Mo.—Bond Offering.—Proposals will be re
Bond Offering.—Bids of not less than par and interest will
ceived until May 19 by F. W . Roer, County Clerk, for the be received till noon of May 9 for §260,000 special fund 4 per
purchase of §60,000 of court-house bonds. The securities will cent 20-year bonds, refunding issue, dated May 15, 1896; §500
bear interest at the rate of 4 per cent, payable semi-annually, each. These bonds are issued to refund a like amount of
and will run 30 years, with an option of call in 10 years.
bonds issued May 15, 1885, called for payment.

N E W LOANS.

8 2 0 0 ,0 0 0
CITY

OF BOSTON

N E W LOANS.

N E W LOANS.

MUNICIPAL

BONDS.

MUNICIPAL

BONDS

R E G I S T E R E D 4s.
D A T E D JA N * 1 , 1 8 9 6 .

DUE JAN . 1 ,1 9 1 6

E. C. Stanwood & Co.,

D enom ination,| SI,O O O ,lor! an y m u ltip le
th e re o f.

These Bonds are particularly desirable for Trustees

FOR INVESTMENT.

BANKERS,

121 Devonshire Street,

P A R T IC U L A R S

UPON

A P P L IC A T IO N .

and private investors, as the principal can be regis

tered in name of holder. The interest is payable
January and July 1st of each year by check mailed
to registered holder by City Treasurer.
Legal investment for New York and all New Eng
land Savings banks.
Price and particulars on application.

[BOSTON.
CAMBERS OF THE NEW YO

TBALBR8 IN COMMERCIAL PAPER.

BONDS.

E. H. ROLLINS & SONS,
5 3 S T A T E S T .. B O S T O N . M A S S .

Investment Bonds
FOR

New York Savings Banks
and Trustees.
L IS T

SENT

UPON

A P P L IC A T IO N .

MEMBERS OK BOSTON AND NEW YORK
STOCK EXCHANGES.

R. L. DAY & CO.,

G ra n d R a p id s. M ic h ., E le c tric -L ig h t..........4 s
K a la m a z o o , M *ch., E le c tr ic -L ig h t ............. 4 r
C h a r le v o ix , i>l icli , R e fu n d in g....................... 5«
R ichm ond, Iu d ., F u n d in g..................................5s
D earborn C ounty, Ind., F unding................ 5*
T e rre o n u r e , Iu ., F u n d in g........................... 4 »
R ichm ond, Iu d ., S tre e t Im p ro v e m e n t____6 s
'M itchell. Ind., K l**ctric-Light......... ...........
T o le d o , O h io, S tre e t Im p ro v e m e n t..........4 k *
Bluft'ion, Ohio, W a t e r ......................................... 5s
Bond H ill, O hio, W a t e r ..................................-V
X e n ia , O hio, Fondiug......................................4-ks
P iq u a , O hio, W a t e r ...........................................4 k *
M id d le to w n , O hio, W a t e r ................................5 s
C o rsican a, T e x a s , S e w e r ..................................5 s
Asto« iu, O regon. (G old ), W a t e r ..............
-5s
L a u r e l, M d ., S tre e t Im p ro v e m e n t.........— 5 s

28
9

STATE
NASSAU

STREET,
S T .,

NEW

BOSTON.
YORK.

GOVERNMENT a n d
Rudolph Kleyboite & Co.,
M U N I C I P A L BONDS
BANKERS,

Bought and Sold.

CINCINNATI, O.

N. W. HARRIS & CO.,

M O U NT AIRV. N. C„

New Loan.

BANKERS,

5 P E R CEN T B O N D S .
FOR SALE.— 25,000 Mount Airy, N. C., Water
bonds, running 30 years, bearing
intei-est, payable
semi-annually. Assessed valuation c f prouerv.
$029,000; estimated, $1,000,0 0. For further lnf-.rmation write
MAYOR, Mt. Airy, N. (..

C I T Y OF BROOKLYN

C. H. Van Buren & Co.,

G OLD BONDS.

B A N K E R S AND B R O K E R S ,

NOT SUBJECT TO TAXATION.

S TO C KS, - B O N D S ,
A n d H ig h -G r a d e [.In v estm en t S ecu rities.
Circular Letter, including list of selected Bonds,
Mailed Free.

Slake Brothers & Co.,

FO R S A L E A Y

4 0 W a t e r S tre e t, B o ston .
7 N a ssa u S tre e t, N ew Y o r k .

B R O A D W A Y, N E W YORK.

AND BOSTON

8TOCK EXCHANGES.

L IS T S S E N T UPON A P P L IC A T IO N

3 21 0- /O

2

L

e a c h

W ALL

&

STREET.

15

^BOSTON.

PHILADELPHIA.

A L L STREET,

NEW Y O R K .

W. J. Hayes & Sons,
BAN KERS,

DEALERS IN MUNICIPAL BONDS'

Price and P a r tic u la r s upon a p p lic a tio n .
J B a r s o n ,

CHICAGO.

C o .,

Street Railway Bonds, and other high-grade in
vestments.
C le v e la n d , O h io,
3 1 1 -3 1 3 Su p e r io r S t,

BOSTON, MASS.,
7 Exchange Place.

Cable Address, “ K E N N E T H .”

THE CHRONICLE.

April 1.1, ls'ju.j

699

Holiokt n. N. 3 .—Bonds A u th orized — School bonds of H >
boken to the amount of $75,000 and free library bonds to tbe
am ount o f $50,000 have been authorized,

P h ila d elp h ia , Pa.—Bonds Proposed.—It is reported that
the Finance Committee of the Philadelphia Common Council
has recom mended the passage o f an ordinance authorizing the
issuance o f municipal improvement bonds to the amount of
H ollid a y -b n rg , Pa- — Bonds Authorized. — Eiectrxc-light $7,UQO,OUO.
bonds to w e amount o f $15,000 have been voted,
R ochester, N. X.—Bonds Proposed.—It is reported that the
Hudson County, N". 3 .— Bonds Authorized.— Four per cent Mayor of Rochester has recommended the passage of suitable
bonds to the am ount of $150,000 will soon be offered for sale. laws to enable the city to issue short-term improvement
The loan w ill become due January 1, 1928,
bonds, bearing 4 per cent interest, for the purpose of paying
Lewiabaneh, W, Y a.—Bond Election.— A vote w ill soon be off the indebtedness incurred by the city on account of local
improvements. There are outstanding notes and orders for
taken on L-suing $13,000 o f railroad-ail bonds.
improvements am ounting to nearly $ 1 , 0 0 0 , 0 0 0 , w hich are
M anchester, N. II.—Bond Sale.—It is reported that $100,000 drawing 6 per cent interest It is also recommended that
o f 4 per cent 20-year bonds o f .Manchester have been sold to $200,000 of 4 per cent H em lock Lake bonds be offered for sale
George A . Fernald & Co., at 105’317.
im mediately.
Mari la n d —Bonds Authorized —Bonds to the amount of
Sing Sing, S. Y.— Bonds Defeated.—The question of issu
$500,000 have been authorized for the State penitentiary and ing $150,000 of improvement bonds of Sing Sing has been de
to tbe amount of $ 1 0 0 , 0 0 0 for an insane asylum.
feated.
Stonehaiu, Mass.— Bonds Proposed.— F. E. Nickerson,
Monroe, Mich.—Bonds Defeated.— A vote taken on issuing
$90,000 o f w aterw orks bonds resulted in the defeat of the T ow n Treasurer, reports to the C h r o n ic l e that a bill author
izing $130,000 o f sewerage bonds of Stoneham is now before
proposition.
trie Legislature. If the bill passes the bonds will probably be
M ount Airy, S. ('.—Bond Offering.—Mount Airy, Nr. C., is issued at an early date. They will bear interest at the rate of
offering 5 per cent 30-year water bonds to the amount o f $25,- 4 per cent, and will mature in amounts of from $3,000 to
000. The assessed valuation of real and personal property is $5:000 yearly, in from one to thirty years.
$820,000 [nof $25,000, as the types made us say in this colum n
W ashloglott, Gtt.—Bond Election.— A n election w ill be held
May 1 on issuing $15,000 of school bonds.
last w eek], ana the estimated real valuation is $ 1 , 0 0 0 ,0 0 0 .
W es' port Mo.— Bond Election. —T11 e citizens of Westport
The official advertisement o f the sale will be fou n d elsewhere
w ill vote Ap|il 21 on issuing $20,000 o f building bonds and
in this Department.
$50,000 o f water-works bonds.
N orw alk, Uhiu— Bond Sale.—On April 7,1390, this city sold
$ 1 0 0 , 0 0 0 of water works b on is and $10,25.» of stree; improve
ment bonds to Messrs. S, Kuhn & Sons, of Cincinnati.
—The United States Mortgage & Trust Co. o f New Y ork
O xford, N. V,— Bond Election —A vote will be taken April are giving attention to the preparation o f municipal bonds
with the view o f better security against forgeries, etc. Many
23 on issuing $30,0u0 of school bonds.
municipal issues are now cheap specimens of lithographic
P etersburg, ¥ * .—BOiols Proposed —Five per cent 40-year work. Attention is called to the advertisement relating to
bonds of Petersburg to tbe am junt o f $ 5 4 , 0 0 0 are under con th is matter, which is printed in the S t a t e a n d C i t y S u p p l e 
sideration.
m e n t issued with this week’s C h r o n i c l e .

N E W LOANS.

NEW

N E W LOANS.

C h ic a g o , III.. IV m i P a r k .......................... 3 »
D a rtin ctoii 1VI«.. *» h a o l ............................. 3»
k h er a (s, T e *
li.-fantllns*.......
. -----0*
S o . O m aha, N eb.. tt.-r<iB««lns
. .... . 7 .
>1 n .ca cl
t a w * I m p r o v e m e n t................O.
A u r o r a , lit* .. Impravmmtmi,-------- ---------- I5«
t i t b . o a «.'»!». tit* . W a t e r W o r k * .......... <i«
H « b b a r .l. O h io. M a o r i.- I.ischi................... 3a
H a r v a r d , N eb,, W a t e r W o r k .
■« .

$ 365,000
5

G O LD

F U N D IN G

BONDS

C. H. White & Co.,

OF THE

BANKERS,

T errito ry o f A riz o na,

F O R S A L K BY

72

BROADW AY. NEW

D ated J a n . 13, 1 S!Mi. Due J a n . 1 5 , 1 9 4 6 .

BU Y AND SE LL

BAN K ERS,

31 Slate St.,

171 La Halle St.,

B O STO N ,

C H IC A H O .

(Option of payment after 20 years.)

D E N O M IN A T IO N

&

B lanchard,

B A N K E R S,

D e v o n s h ir e

M r e e t,

$ 1 ,0 0 0 .

M u n ic ip a l and F irst M o rtg a g e
Railroad Bonds.

Principal and Coupons payable at the

LISTS ON APPLICATION.

Fur price* and particulars address

B o u to n ,

CO,,

A . C , F R O S T 8b

B n llltiif,

Ills

LA

- A t . t .E

S T R E E T ,’

C H IC A G O ,

7Ia#».

lames N. Brown & Co.,
J
BANKERS
6 ‘J C ed ar S treet,
-

WHANN & SCHLESINGER
M UNICIPAL
BONDS.

BOUGHT

W. N. Coler & Co.,

AND

SOLD.

BANKERS,

Now B ea d y .

16 C ongress S tre e t, Boston,
ST4TF.

C IT Y A R A IL R O A D

m ortgag
N EW Y O R K

NEW Y O R K .

MUNICIPAL, COUNTY, SCHOOL AND
TOWNSHIP BONDS

Blodget, Merritt & Co.,

i W A L L STREET,

-

Gnarnnly Trust Company or New York,

BOUGHT AND SOLD,

M u te

•

In terest p a y a b le .Tan, and J u ly 1 3 .

M U N IC IPA L BONDS
16

YORK.

{REGISTERED OR COUPON.)

M A S O N , LEW IS & C O .,

M ills

LOANS.

F

BONDS.

T II K

FINANCIAL EEVIEW.
AN N U AL—1896.

loan s

IN

A

TEXAS.
In terest 7 P er L en t Net.
VO COMMISSIONS charged borrower or lender
until loans have praven good.

Y e a r B ook;
OF

F IN A N C IA L

IN F O R M A T IO N

F R A N C I S S Y I I T U & C O ,.
B A N K E R S,

M UN ICIPAL BONDS,

SAN AN TON IO, T E X A S .

B ound

c lo th . •

-

-

-

-

-

-

* »

6 0

5Q

B enwell & E veritt ,
.c l i.r m e r h o r n B o lld ln e ,

« W A L L 8T,

W illia m B. Dana

MUNICIPAL ISSUES IN THE STATES OF

34 NASSAU STREET.

In

T o C h ronicle ***uhkicrlber®»

NEW YORK & N E W JE R SE Y
A SPECIALTY

Comoanv1 ®’

P U B L IS H E R S ,
P in e

S t ., C o r . P e a i l

S I ., I N e w Y o r k .

i.

THE CHRONICLE.

700

[V o l . L x n .

D e t r o it M i d i .— The following letter written by City Comp ° f tne United States of over 150,000 population, except San
troller F. A. Blades, has been published this week. It was Francisco; while the rate of taxation Is lower than a majority
of the cities of the size of Detroit.
accompanied by a number of statistical tables and statements
It is not the contention of this paper that all the improve
of which w e
roduce but. one.
ments and care of the city of Detroit have be®n done without
expense, but that Detroit is not the irnpov risbed and taxHon. H. S. l'ingree, Mayor. Detroit, Mich.
ridden city some have tried to make it.
D e a k S i b : -T'-e recent efforts of certain parties to fasten
It is worthy of note that in some of these cities, besides
upon the city of Detroit the reputation of being a tax-ridden their bonded debt, they have a large floating indebtedness
city, and the people, out of proportion to any other city or while Detroit has no floating debt.
town in the country, over-burdened and oppressed with ex 
Referring to the comparison of Detroit with the cities
cessive taxation, and further that the last six years have and villages of Michigan, from the answers received it will be
been the years wlien these taxes have increased beyond all noted that while the rate of some of them is lower, the rate
proportion to the past, and beyond the growth and improve or a majority of them is much higher. On the whole I think
ments of the city, has led me to submit to you some tables of Detroit does not suffer by comparison, and is still a good place
facts and comparisons that will speak for themselves :
to live and invest money.
While there has been an inciease in the population and a
(Signed)
F. A. B l a d e s , Comptroller.
large addition of territory in the last six years of 4,160 acres
Population
Bonded
P. O. Bonded
from the adjoining townships, and in buildings of §36,252,296,
1890.
City.
Debt.
Debt.
still the ratio of increase in taxation has been less in the past
New Y ork ........................ . . . 1,513,501
$110,214,470 00
72*84
six years than in the six years previous :
C hicago........................... . . . 1,098,576
18,500,000 no
16-84

Philadelphia............... . . . . .

In 1889 the tax levy was............ -.................................... $2,236,463 54 Brooklyn .................... ,
In 1881, Six years previous, the levy w as ............................. 1,326.50031 St. Louis..........................
An inorease in six years of............................................. $909,S63 23
In 1895 the tax levy was................................................ $3,281,448 62
In 1890, six years previous, it was..................
2,545,327 i 1

An inorease in six years of............................................ $ 3«,12l 61
Or a less inorease in the last six years o f__ : ................. $173,841 62
I have made an effort to secure figures from the principal
cities of our country for a comparative statement of popula
tion, bonded debt, atsessed valuation, rate per §1,000, percent
of assessed value to true value, and finally an equalization on
the same basis as Detroit as near as possible without extend
ing to very *amall fractions. The table will make its own
argument.
It will be seen that Detroit does not compare unfavorably
with the cities named, while the bonded debt of Detroit is
the lowest ot them all. It will also be seen from this table
that the bonded debt of Detroit is lower than any other city

ACCOUNTANTS.

F.

J.

P icard ,

C O N SU L TIN G

E N G I N E E R ,

COLUM BUS,

O H IO .

Examinations and Reports Made for
Bankers and Investors of Railroad, Coal
Mining, Oil and Electric PropertiesREEKREXCES SENT.

Wesley Farrington,
L u te A u d ito r o f N . Y . I . E . ifc W . B H . Co.

EXPERT
203

ACCOUNTANT,

BROADW AY,

NEW

YORK.

R ooms 508-609 Ma i i . a n d E x p r e s s B u il d in g .

REPORTS FOR INVESTORS
ON R AILR O AD PROJECTS A N D PROPERTIES
Railroads Located on Economic Principles.
Plans, Specifications and Estimates Furnished.
CONSTRUCTION SUPKRINTEN DED.

J O H N W A R S T O N , J r ..
CIVIL. ENGINE**,
ROOM 202, B U LLITT BUILDING,

P H IL A D E L P H IA .

Jos. O . Osgood,

B oston.............................
B altim ore......................
Han Francisco............... .
Cincinnati.......................
Cleveland.......................
Buft-ilo ........................
New Orleans.................
Piit.sburg........................
De w it. .........................
Milwaukee............ .........
Newark
.............. .. .
M inneapolis...................
Jersey City......................
Louisville......................

M IS C E LLA N E O U S
1850.

1896.

NEW YOR»

W M . FRANKLIN HALL,
BOOKS ACCOUNTANT AUDITED
Now forms designed for books of account.
Settlement of Insolvent Bstatee.
418 Exchange Building, 63 State Street, Boston.

Fred. M . Smith,
A iB I B X, N EW Y O R K .

M IS C E L L A N E O U S .

J. Spencer Turner,
R r in e k e r lio lF , T u r n e r & C o .,

IN T H E C I T Y OF NEW Y O R K .

C O T T O N SAIL DUCK

This old and reliable Company now has the exper
ience o f forty-six years of practical Life Insurance,
which has taughi it that the Ane qua n on of success
is the adoption of good plans of Insurance, and the
pursuit o f a liberal policy towards both its Insured
and its Agents. These essentials it possesses in an
eminent decree, but- judiciously tempered by that
conservatism which is the best possible safeguard of
the policy-holder. Its contracts are incontestable
after two years. The are non-rorfeiting. providing
generally lor either paid-up policy or extended in
surance, at the option of the policy-holder. It gives
ten clays of grace in payment of all premiums, its
course during the past forty-five years abundantly
demonstrates its absolute security.

A ctiv e an d S u ccessfu l A g en ts,w ish in g to r e p 
resen t this C o m p a n y, m a y com m u n ica te
w ith the P resid en t, at the H om e Office,
2 6 1 B roa d w a y, N ew Y o r k .

SUCCESSOR TO

M A N U F A C T U R E R A N D D E A L E R IN

AND ALL KINDS OF
JOTTON C A N V A S FE LTING DUCK,
CAR COVERING BAGGING,
R AV EN S DUCK, SA IL T W IN E . &C,
POPE “ A W N I N G ” STRIPES.
A gent

U N IT E D S T A T E S

B U N T IN G CO-

A full supply, all W idths and Colors, always «rr
cock.

1 0 9 D n a n e S tre e t, N e w

Vorfc

Fred. H . Smith,
V o. 8 B R O A D S T R E E T , N E W Y O R K *

STOCKS AND BONDS.

OFFICERS:

G E O R G E H . R U K F U IID ............... P resid en t

C. P. F R A L M G H ........................................... Secretary
A. W H E E L W R IG H T ................... Assistant Secretary
W M . T. STAND N ............................................... Actuary
A R T H U R C. P E R R Y ............................................Cashier
JOHN P. M U N N ................................. Medical Director
FINANCE COMMITTEE:
GE'L G. W IL L IA M S ............ Prest. Chem. Nat. Bank
JOHN J. TUCK R ................................................. Builder
E. l i. P r RKINS, J r ., Prest. Imp. & Traders’ Nat. B ’k
JAM ES R. PLU M ...................................................Leather

KARGIN

ACCOUNTS

SOLICITED*

INTEREST A L L O W E D ON B ALAN CES.
Market Letter on Application.
Correspondent)®
Invited. Established 18«S.
All classes of Unlisted Securities and Traction
Stocks Bought and Sold.

HAND-BOOK

SECURE BANK VAULTS

OF

RAILROAD

SE CU R ITIES.

tTnm iary, 1 S 9 6 .

QENUINE
WELDED CHROME STEEL AND IRON
Round and Flat Bars and 5-ply Plates and Angles.
FOR SAFES, V A U LTS, *C.
Cannot be Sawed, Cut or Drilled, and positively
Burglar-Proof

CHROITIE

STEEL

W O RKS,

(Issued Semi-Annually by the Publishers of theCo m m e r c ia l & F i n a n c i a l c h r o n ic l e .)

DESCRIPTION,
INCOM E,
P R IC E S ,

Kent A ve., Keap & Hooper Sts.,
Sole Man’f ’ers in the U. S. B R O O K L Y N . N. Y.

Bank and Trust Company Stocks

New York and Brooklyn
BOUGHT A N D SOLD.

7 0 SOUTH ST R E E T ,
Ittakee specialty of Bank Stocks. Municipal and
W ater Ponds snd ..furnishes Solicited Information

34*05
6359
41-06
47-07
71-50
1-26
89-90
26-79
47-05
61-29
33 07
19-32
2973
62-03
40-39
109-5S
5412

The United States Life
Insurance Co.

R a i l r o a d L o c a t i o n a n d C o n s tru v t lo n .

-

35,625,071 00
51,345,000 00
21,024,711 CO
25,1--5,691 00
31,000,000 00
375,970 00
26,64 v,« 67 00
7,008,141 00
11,972,-49 00
14,835,190 00
8,032,137 00
3,97-1,892 18
6,070.750 00
3 1,259,648 00
6,653,473 00
17.970,700 oo
8,315,000 00

For the payment of the bonded debt of the city of Detroit
there is now a sinking fund of §1,270,000, earning from 3% to
7 per cent, and besides its own earning capacity, it has certain
moneys placed to its credit every year, and will, in 30 years
(the life of the last bonds of the city), pay every bond at ma
turity and leave in the fund a cash balance of over §3,000,000.

M. Am . Soc.C. E.
C o n e n ltln ® E n g in e e r
Reports on Investment Properties for Banker
and Investors.
_.
.
, ,
... ,
Examinations in regard to physical condition anr
character, earnings, management, needs, value,etc.

120 BROADWAY

1,046,252
8°4,377
460,357
446.507
433,547
297,990
296,309
261,546
254,457
241,^95
23*,473
205,669
204,150
181,515
164,738
163,987
161,005

C LINTO N G IL B E R T
2

W A L L S T ., N E W Y O R K

D IV ID E N D S ,
FOR A

SERIES OF Y E A R S.

P ric e In R e d L e a t h e r C ov e rs ,
T o S u b scrib e rs ot th e C h ro n icle ,

S I 0©
7&

WILLIAM B. DANA COMPANY,
7 6 % P in e S tre e t,

NEW

YORK.
Full text of Commercial and Financial Chronicle : April 11, 1896, Vol. 62, No. 1607

FRASER
