The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
Q u o t a t i o n - S u p p l e m e n t (Montias)
- S t r e e t R a i l w a y « S u p p l e m e n t ( q, ^
in v e s to r s
S ta te a n d C ity -S u p p le m e n t ( ^ i w t *
S u p p l e m e n t (Quarterly)
^ P tered a ooord l11* t0 A o t o f O o °g re 98, in the y e a r 1898, b y the W il l ia m b . D a n a P o m p a n y , m th e office o f the L ibrarian o f O o n g « * *
VO L. 66.
S A T U R D A Y . A P R IL 18. 1898
S ite
Week ending April 9.
© h r u u ic le .
P U B L IS H E D
Olearings at—
W EEKLY.
Terms of Subscription—Payable in Advance :
One Y6diri.aaa. aaaaaaaaaaa
®i a aa
F or S ix M onths............................ Mf .................................................. XX
E uropean Subscription (including p o s t a g e ) " " ! ! ” .’ . " " ’ . ' " ' 12 00
E uropean S ubscription Six M onths (including p o s t a g e ) ...! '
7 00
A nnuai Subscription in L ond on (including p o s ta g e )? .......... £ 2 10s
Bix Mos.
do.
do.
do.
£1 10s
A bov e subscription includes—
T h e Q uotation S upplem en t
St r e e t R a il w a y S upplem en t
T h e I nvesto rs ’ S upplem ent
State an d Cit y S upplem en t
A i o f w hich are furnished without extra charge to every su bscriber
of the C o m m erc ial an d F in a n c ia l C hronicle ?
h0,1^ll¥ /A x; m ? atils’ issues or special file cov ers fo r Sun
p lem en ts are sold at 50 cents e a c h ; postage on the sam e Is 18 cents.
Terms of Advertising.-(Per Inch Space.)
T ransient m atter................. $3 50
Three M onths (13 tim es)..$2 5 00
S ix Months
(26 “ ).. 43 00
(8 tim es).. 18 00 T w elve M onths (52 “
) .. 58 00
L o n d o n A g e n ts:
Messrs. E d w a r d s & S m ith , 1 Drapers’ Gardens, E. O., w ill take suba t lPsWeachan advertl80m 6at8’ aad »u p p iy single copies o f the piper
STANDING BUSINESS CARDS.
T w o M on th s.
W I L L I A M B . D A N A C O M P A N Y , P u b l is l ie r s ,
P in e S tr e e t, C o r n e r o f P e a r l S tr e e t,
P ost Of f ic e B o x 958_____________
n e w YORK
“ Page 7^3 vvill be found the detailed returns, by States,
of all the national banks, under the Comptroller’s' call of
February 18, 1898, kindly furnished us by the Comptroller
The returns for December 15, 1897, were published in the
C h r o n i c l e of February 19, 1898, pa^e 376
CLEARING HOUSE RETURNS.
+v,T^ e<-L0ll^ T iVguta,¥ e’ ,ma4 e UP by telegraph, etc., indicates
that the total bank olearings o f all the clearing houses of
the United States for the week ending to-day, A pril 16 h ive
^qV’fiafiVl16,333, agai^?t ^.139,212,815 last week and
$932,591,636 the corresponding week of last year.
Cl e a r in g s .
Returns by Telegraph.
Week Ending April 16.
1898.
1897.
Per Cent.
New Y o r k . . . . . . . . . . . . . . . . . . . . .
Boston . . . . . . . . . . . . . . . . . . . . . . .
P h ila d e lp h ia ............. . . . . .
B altim ore...............................
C hicago......... ........ ................
St. L o u is ............ ........ ..........
New Orleans......... . . . . . . . . . .
$510,398,630
77,220,084
54,483,244
14,897,627
88,007,347
25,553,698
9,368,954
$450,677,898
79,121,714
38,935,578
9,362,880
66,728,142
24,307,812
5,452,913
Seven cities, 5 d ay s.........
Other cities, 5 d a y s ..... ......
$780,435,634
140,011,216
$67Í036!931
130,084,216
+Ì5-7
+7-6
Total all cities, 5 d ay s....
All cities, 1 d a y ___ . . . . . . . . . .
$920,446,850
181,069,473
$804,721,150
127,870,486
+14’4
+41-6
New Y ork.........
Philadelphia....
Pittsburg...........
Baltimore..........
Buffalo............ .
Washington......
Rochester...........
Syracuse...... ...
Scranton.........
Wilmington.......
Binghamton......
Total Middle..
Boston...............
Providence. . . . .
Hartford............
New Haven.......
Springfield......,
Worcester.......... .
Portland............ .
Pall River......... .
L ow ell...............
New Bedford......
Total New Eng,
Chicago................
Cincinnati...........
Detroit................
Cleveland............
Milwaukee..........
Columbus...........
Indianapolis......
Peoria..................
Toledo.................
Grand Rapids....
Dayton....... .
Lexington...........
Kalamazoo..........
Akron................ .
Bay City............ .
Rockford.............
Springfield, Ohio.
Canton................ .
V oungstown*. ....
Evansville*.. .... .
Tot. Mid. West’v
San Francisco......
Salt Lake City......
Portland...............
Los Angeles.........
Helena..................
Tacoma.................
S eattle................
S p okane.............
Fargo....................
Sionr Falls...........
Total Pacifio....
+Î3-4 Kansas City.........
-2 -4
+39 8
+59-1
+31-9
+5-1
+71-8
Minneapolis.........
Omaha...... -...........
St. Paul............... .
Denver.................
Davenport............ .
St. Joseph .......... .
Des Moines............
Sioux City.............
Lincoln..................
Wichita..................
Topeka...................
Fremont................
Hastings................
Tot. other West.
St. Louis............
New Orleans......
The fu ll details o f olearings for the week oovered by the Louisville..........
Galveston..........
above statem ent w ill be given next Saturday. W e cannot Houston.......... .
Savannah..........
of course, furnish them to-day, bank olearings being made Richmond..........
up by the various olearing houses at noon on Saturday, and M em phis.........
Atlanta........... .
hence in the above the last tw enty-four hours o f the week Nashville..,
....
---------- --------ha ve to be in all oases estimated, as we go to press Friday ni^ht . Norfolk.,
Total all cities fo r week
SI, 101,516.323""
W e present below our usual detailed figures for the f rev.ous week, covering the returns for the period ending w ith
Saturday noon, April 9, and the results for the corres
ponding week in 1897, 1896 and 1895 are also given. Con
trasted with the preceding week, there is a decrease
aggregat! exchanges o f about one-hundred and
m illl° a / olj ars> and at New Y ork alone the
loss is one hundred and seventeen millions.
In com
parison with the week o f 1897 the total for the whole oounw L r T i Z 1“,crease o f f 2 7 Per cerit. Compared with the
week o f 1896 the current returns record a gain o f 18 3 per
qent, and the excess over 1895 is 29 A per cent. Outside of
2 ®
? the, exo®3« over 1897 is 10-9 per cent. The increase
re.a° b 0s 8-0 per cent, and making comparison with
1895 the gam is seen to be 16’9 per oent.
NO. 1712. '
Augulta.?^.*:::
- Birmingham...
Knoxville,
Little Rook...........
Jacksonville.........
Chattanooga.........
Jur»con................
Total Southern.
1898.
'P’.898.
Otnt
1897.
665,828,308 601,673,30
60,990,716
57,589,944
18,072.674
15,050,767
15.468,824
14.155,036
4,076,919
8,796,698
2192,354
2,131,016
1,774,881
1,388.694
1,138,691
888,948
754,000
761,526
725,323
671,136
339,800
838.700
771,362,496 598,140,76t
95,665,94
96,766.896
4,562,600
4,531.400
2,589.227
2,433,03o
1,639,22
1,461,354
1371,3.1
1.323,266
1,335,951
1,351,604
1,483,31
1,320,886
76H.48
833,34
696,97
821,084
663,726
484.216
110,775,835 114,233,144
93,099,859
74,057,894
12,476.350
13,045 350
5,910.005
6,010.886
7,028,445
6,058,532
4,513,786
4,188,769
4,392,500
3,909,20
2.697,865
2.082,039
1.774,640
1,384,865
1,600,735
1,421.686
896,575
687,609
789,851
718,0-8
460,414
315,184
293,096
239,819
319.-00
275,30
238,24b
176,06p
236,509
190,09
160,831
156,463
288,893
234 16b
270,814
852,475
138,107,000 114,151,972
14,403 824
12.342,348
1 5 .9,135
1,318,539
2.116.279
1,096,506
1,656,147
1,272,220
554,164
450,003 i
1,036 138
375,000
1.600,000
500,876
941,508
632,234
237,679
140,983
108,676
89,732
24,172.549
18,074,560
11.075,133
IO," 62,74
5,820,151
5,974,119
5.760,693
4,110.649
3.063,150
2.498,438
2,738.306
2,300,115
1.000,000
645,481
2.109,075
1,305,772
1,500,000
996,757
776,026
511,671
371,805
295.448
425.274
410,764
467.670
321,04?
106,587
55,073
131.331
80,215
35,365.091
30,104,890
26,737.398
6.174,188
6.269.645
2,720,100
3.000.000
1,818 205,
2,786.562
2,087,865
1,441,010
1,349,55o
998,341!
900,0601
571,797!
423,845
506.270
341,234
268,171
421,173
629.000
59,429,844
Total all......... . 1,139,212,815
Outside N. York. 473,383,507
Montreal..........
11,852.183
Toronto. ..........
7.217.700
Halifax..............
1.300.000
Wlnnipee..........
1.517 511
Hamilton...........
597 488
St.John.......... .
637 821
Total Canada
23.022.70b!
* Not included In totals.
24,904.045
7,369.881
6,348,538
2,258,400
2,758,706
2,173,009
2,051,012
1,808,804
1,322,072
1,197,243
883,535
660,442
717,231
897,260
423.893
333.18
265.474
273,981
463,000
56,610,279
923,674.611
427,001,309
1896
1896.'
+32-7
+5P
+20 1
+9 3
524 401,080 *76,893,978*
62.6O4.09i
64,b04,40&*
17,122,272
12.937,151
13 238,779
11 059 42®
+7V
4.273,470
8 799,797
+2-(
2.178.501
1,848,022:'
+27 8
1,534.595
1.282,211
+28-1
948,895
927,19#'
—IT
867.148
659,614
+8 (
726,2*8
670,669
+18
800.40J ___813.000+28 9 628,095,019 664,795,97®
—11 91,497,701 84.450.827
+0 9
4,776.400
4 964,600''
-H) 4
2,947.775
1.875,030
+13 2
1,594,274
1.316,415
+13-1
1.419.113
1.356,649 *
+12
1,456,954
1.192,86©
+118
1.263,26S/
—Tl 1.295,893
907,937
764.24V
-15-2
664.306
693,b9ît
+36 >
600,i53 __438,28tS9i
+0' 106,900,006 #8,166,58*2»
81,352.211
80 397 28&2
12.016,609
12.988,860 '
5.563,006
®,629,4jSr
6,577,399
6.467,443:
4.891.837
*.008,571
3,882,700
8.710,700'
2,067.991
1.229,490"
1,749.801
1.894,5181.276.959
824,562
799,856-*
868,078
205,937
873,06 ES-255,255
268,218
235.884
926,257
234 536
261 46«240.774
298.768
210,180
178,828200,004
206,098v
+2n
121,387,330
117,936,612f
+16-
+101
+931
4-30*:
+23-1
+1766
+2158
+769
+61-5
+ 173-6
+33-
12.285,091
1.299.453
970,495
1,474,187
676 878
456,108
485,419
427.674
183,960
81.41
18,241,667
11,883.664S
1,842,000
1,007,046"
1,140.8:4
427,81©''
609,11V
623,391
333.250
180 Y l^
71337*
+3 0
—26
+40 0
+23-2
+21-5
+54-9
+61-0
+50-6
+51-7
+25 7
+3 5
+647
+93-6
+03-7
+17-2
9,500.885
6.082,282
4,176,930
4.061,048
8.224.165
1.0*2,695
1,176.000
1,090,090
470,884
302,763
459,048
314,470
59.617
61,102
32,633,573
+7-4
—162
-1-2
+207
+8-7
—16-3
+34-9
+15-4
+90
-J-12-7
+13-0
+36 4
23,660,053
9,106,015
6.233,133
2.139,642
2,379.421
1,620,5<0
2,150,226
2,193,260
1.267,255
1,198,209
931.687
806,663
589,442
419,202
489,875
370,244
388.174
304,485
—20-4
+0-7
+19-6
+2 4
+1-0
+537
+35-2
55,317,020
+10-9
—0-6
11,918.724
7.031,55»
+2-6
—36
1,346.413
P90,246 +53-1
701,838 —14-9
604.311
-4-6
2 3,662.0911 +2-1
17,374,658:!
9.938.188'
8,957,78G
3.155.283
3,109.420*.
2,748 436*
1,293,Ï6*r.
1,071,801!*
505,328878,094*
451,494 ■
317.722
60,498 *
67,647
27,04490)1»
25,164,435"
7,504.636
5,610.989-
2,364,612
2,300,00©
1 999,083
2,275,339
1,767,890
1,128,270»“
868,997
898 30t
812;4 70
680,213^
299,661
401,606-
403,702
271,545
54,702,054
962,630.439 880,019.796"
438,236,357 404,125,8123
7.418,808
9,563,848-»
0,970,425
1,154,146
907;80£'i»
980,088
741,382?.'
702,322
588,8a&s17.285 8491
18.961.'
THE
728
CHRONICLE.
TABLES OF STOCK AN D BOND QUOTATIONS
COMPLETED.
W e have this week completed our new arrangement of
stock and bond quotations. They are to be found to day in
their finished form on pages 745 to 752 inclusive. A s our read
ers, have been receiving for several weeks such a large part of
this work, and have s widely expressed their gratification
with the effort to increase the usefulness of these tables, we
need not dwell on the merit or worth of the information
they convey. The features we add in this issue it will be of
r-voL. i x v i .
THE FINANCIAL SITUATION.
There has been no material change in the financial
and commercial markets during the current week,
except such as would naturally be induced by a con
tinued tendency on the part of the public to curtail
operations and to exercise increased caution in prepa
ration for any possible disturbance which the war with
Spain, an event becoming more imminent daily, would
entail. Among the most obvious evidences of this
disposition has been the withdrawal of deposits from
our banks. It was with the excitement which followed
the disaster to the Maine that this movement began.
On February 12, the week previous to that event,
our Clearing House institutions reporte 1 their average
deposits at $738,683,800; last Saturday, April 9, the
same item was $669,836,900, or a loss of $68,846,900,
notwithstanding during the interval we imported
about 3 0 f million dollars gold. Those reports bring
the figures down to a week ago ; since that date the
movement has continued without any diminution,
and may be described as the effort of financial institu
tions here and in the interior to put themselves in
position to meet emergencies which may grow out of
disturbed credit and the arrest of industrial activity
incident to the war excitement. The loan column has
disclosed a similar tendency showing rapid liquidation
in progress, no doubt in part enforced, but in part
also the voluntary conservative action of individuals
closing up business ventures in view of coming un
benefit briefly to cite.
Prominent among them is an extra column to the table of
gLocks (pages 745 and 746), which no doubt will prove a de
cided convenience to investors. A s a result of this enlarge
ment we shall be able hereafter to give in that branch of our
compilation not only the range in 1898, but likewise another
year’s range— that is the range for 1897. Thus for every
stock dealt in on the N ew York Stock Exchange, “ active ”
and “ inactive,” the reader has the highest and lowest prices
©very day of the week, the number of shares of each stock
gold, the range since January 1 1898 with the date when the
highest and lowest point was reached, and the range in the
price of each security during the year 1897.
In the bond tables (pages 747. to 751 inclusive), by a con
venient device we this week indicate, the very needful fact,
when the principal of each bond falls due.
The method
adopted is to use the letters given in the “ Interest Period’»
for the purpose, by putting that one of the letters in fullface type which represents the month of maturity ; the few
cases where the bond does not fall due at either interest
period the date is stated in a foot-note. Hence with this
modification the reader has a list of every bond dealt in on
o.ur Stock Exchange, arranged in alphabetical order with (l)
the prices for Friday the closing day of the week, (2) the
highest and lowest sale for the week, (8) where there has
certainties.
been no transaction during that period, the date and price
These facts it is desirable to bring out because of
o f last sale, (4) the total number of each bond sold, (5) the
range o f prices from January 1 to the day of publication, (6) the need they show there is for Congress to eliminate
the interest periods, and (7) the date of m aturity of every as soon and as far as possible the uncertainties a con
issue.
On page 752, the last page of these quotations, we have re
set and considerably enlarged our former compilation from
the Boston, the Baltimore and the Philadelphia Exchange
lists.
Besides the foregoing, the extensive statement of “ out
side securities” at the bottom of 7 consecutive pages (745 to
751) has been again revised. It now includes all classes of se
curities having a market in N ew York but not listed on the
Stock Exchange. Altogether we think our readers, with the
use of these tables, aided by our Q uotation S upplement ,
w ill find themselves well provided in the matter of prices of
stocks and bonds dealt in in this and other markets.
A N E W N UM BER OF TH E STATE & C IT Y
SUPPLEMENT. '
"With this issue of the C hronicle our subscribers are given
another semi-annual number of our State & C it y Su pple
m ent . The statements in the Supplement have been com
pletely revised. Neither money nor labor has been spared in
the effort to bring the figures of debt, assessed values, tax
rates and the numerous other facts and information contained
in the Supplement down to the latest dates. Besides this,
178 new places have been added.
The editorial discussions embrace topics of considerable in
terest. One of the articles deals with the changes in recent
years in the laws regarding the investments of the savings
banks of this State. Another article treats of the decision of
the Supreme Court of the State of W ashington m declaring
unconstitutional the obnoxious laws passed last year with
reference to real estate mortgages.
GOLD HOLDINGS OF EU R O P E A N BANKS.
. Our cable service has been further extended this week.
F or many years we have had cabled to us each Friday the
weekly reports of the gold and silver holdings of the leading
European Banks, embracing England, France, Germany,
Austro-H ungary, Spain, The Netherlands and Belgium. By
special arrangements just completed, we are able to add now
the returns for the Bank of Russia and the Bank of Italy.
Th e statement in the enlarged form will be found as usual at
the end of our article on the “ Financial Situation ”
dition of hostilities must produce. Of course, no one
can take out of the conflict the doubt attendant upon
actual warfare. To ensure victory is beyond the
power of any body of men. But there are some things
our Rational Legislature can do, and which if done
quickly would go far to set the business mind at rest,
and hence in a degree permit and aid industrial
activity again. Very prominent 6,mong these are
the requisite financial
measures
to
meet the
largely increased expenses. A t present the Gov
ernment has to face a deficit.
Had not the
war issue arisen the revenue by tbis time would
have increased and been in a fair way to cover if not
more than cover the expenses.
That prospect no
longer exists.
The business contraction which has
reduced bank deposits so materially is manifest
likewise in reduced Government revenue from Cus
toms instead of the increase anticipated, so that
even if the army and navy expenses were no
larger than last year, current receipts would fail
to meet the ordinary expenses. Of course, knowing
the difficulty incident to tax legislation, that con
dition of the revenue and prospective disbursements
is a prominent source of anxiety. This subject has
already come before the Ways and Means Committee
and some progress made in formulating a measure. T he
purpose we had in mind then was not to criticise what
has been done, but to urge, since appa-ently we are to
have war, that speedy legislation increasing the rev
enue and granting authority to issue bonds would
have a decided effect in conserving business interests.
It is perhaps too much to expect the enactment at
this session, in addition to a tax measure and a wise
provision for a bond issue, of a new bank currency
law.
It is an encouraging fact that the Banking and
A pril 16, 1898.]
THE
CHRONICLE.
Currency Committee of the House has formulated a
plan which possesses features of decided merit.
Nothing could prove so inspiriting amid our pres
ent perplexities as to see some such arrangement
earnestly taken up, actively discussed, well matured,
and passed. There never will be in many respects a
more opportune moment, while as an aggressive war
measure its aid in enlarging our resources and stimulat
ing enterprise would be almost incalculable. W e give
to-day on page 753 the complete national bank figures
just issued, made up from the returns of the last call
of the Comptroller. They are suggestive of the need
that exists for a new system. The law as it now
stands utterly fails to respond to the wants of the
country. Our expanding industries and new centres
of trade need a device that is correspondingly pro
gressive— one with a vitality that is invasive, stimu
lating the formation of small banks or branches of
larger ones in the less populated districts.
The National system has not only stopped growing,
but is on the decline; it not only does not favor small
institutions, but they are rapidly dying out under its
operation. Five years ago (May 4 1893) there were
3,830 individual banks with $688,701,200 capital,
whereas at the date of this last report the number
was 3,594 banks with a capital of $628,890,320.
Here is a net loss of 236 banks.
The gross loss
was much larger, being 466 banks, of which 284 went
into voluntary liquidation and 182 were insolvents.
Still another feature allied to the foregoing is the
tendency of large and strong banks to grow larger and
stronger by consolidation with the less fortunate.
It is to be remembered that there is no diminu
tion, but an increase, in the aggregate of banking
business. In other words, although, as shown above,
the national banking capital has decreased $59,810,880
in the five years since May 4 1893, while the total of
the surplus profits has remained about the same
($246,139,133 surplus May 4 1893 against $248,484,530 February 18 1898), the individual deposits are the
largest on record, aggregating $1,982,660,993 at the
date of this latest return, February 181898, when the
number of banks was 3,594, against $1,749,930,818
deposits May 4 1893 when the number of banks was
3,830.
W e have said above that no more opportune moment
could exist for revising our currency arrangements
than the present. That thought is chiefly based upon
the known strength of our foreign trade balance,
which has not only safeguarded the country's gold
reserve, but has made the gold holdings both in the
Treasury and outside the'Treasury so abundant as to
put the convertibility of our currency for a consider
able time beyond question. W e have, while writing,
been again reminded of this condition by the issue
yesterday of the foreign trade statement for March
by Mr. Ford, of the Bureau of Statistics, and by the
remarkable balance it shows. The larger weekly re
turns of imports in March had prepared us to expect a
less favorable situation when the monthly report was
made public. It is a surprise therefore to find that
the merchandise exports are so large ($112,818,000)
as not only to offset this increase in imports but also
to leave a favorable balance of $51,310,000. This we
say is a surprise. It likewise imparts strong em
phasis to our statement that the current year is the
most timely we are likely to have within a long period
for currency discussion. No industrial interest can be
disturbed, however much the subject is talked over or
729
I the frailty of our system is disclosed at the present
session of Congress. On the contrary, any disposition,
shown by the party in power to take hold of this
subject as if determined to put the stability of values
in this country beyond future doubt, could not fail to
encourage enterprise and stimulate business.
The increase in pig iron production, month by
month, which has been such a marked feature ever
since the revival in business began last July, has at
length been checked. According to the records kept
by the ‘ ‘Iron A g e " of this city, there was one more fur
nace in blast April 1 than on March 1, but the weekly
output was slightly smaller at 233,339 tons, against
234,430 tons.
W ith this one exception however
the production remains
the
heaviest ever re
ported. Last July the weekly output was only^
164,064 tons, against 233,339 tons now. Stocksshow a further small addition for the month, standing
at 809,008 tons April 1, against 798,694 tons March 1
and 723,885 tons December 1. The “ Age” says that
reports concerning the condition of the trade vary
widely. Along the seaboard and in the Central W est
the war scare is doing undoubted harm by causing
marked hesitation. In other sections, notably in the
Chicago district, the influence of that ciicumstance
has been little felt. While there are a few, the
“ Age” says, who hail war as likely to bring business
activity, the majority of producers fear that it will
check new industrial and transportation enterprises
and will have an adverse effect upon our export trade.
W e have arrived at the time of year when the crop
situation becomes an element of importance in affairs
The first report of the season has come from Washing-*
ton the present week. The report relates mainly to
winter wheat, and in this respect it is of particular in
terest in view of the peculiar situation of the wheat
market at the present time and the sharp advance
in price which has occurred this week.
The
Agricultural Bureau notes that the winter was mild
and dry over thé greater part of the country, and as a
consequence there are very few sections from which
the returns are altogether satisfactory. It appears,
nevertheless, that the average of condition for the
United States was better than last year, and also
better than in the two preceding years, so that
it is in fact the best since 1894— in other words,
the average is now 86 against 81-4 in 1897,
77*1 in 1896, 81*4 in 1895 and 86-7 in 1894.
In the large producing States of the Middle
West, the promise is generally very much better than
it was at the opening of April a year ago. Thus for
Indiana the condition is reported 85 against 65, for
Illinois 75 against 40, and for Missouri 81 against 60.
In Kansas the average is as high as 101, against 80.
On the other hand, in California the prospect is
evidently unfavorable, as the condition is reported
only 62; in April last year the average for the same
State was 99.
The further step expected in the amalgamation of
the Vanderbilt. properties between New York and
Chicago has now been taken. Definite announce
ment was made yesterday afternoon that the New
York Central would absorb the Michigan Central in
the way that it alreadyh as absorbed the Lake
Shore— that is by an issue of Central bonds
in exchange for Michigan Central stock. Of course
the New Y ork Central does not give the same terms
for Michigan Central stock that it did for Lake
Shore stock.
The terms of exchange are to be
"730
115 in New Y ork Central 3|- per
$100 of Michigan Central stock.
TH E
CHRONICLE.
cent bonds for
In the case of
the Lake Shore, it will be remembered, $200 of
bonds is given for $100 of stock. The merger of
jfche Michigan Central with the Lake Shore and
fthe New Y ork Central makes the position of the
.¿combined system very strong and secure, giving it an
, ‘excellent hold on the traffic tributary to the lines,
?both local and through, while at the same time oifer
ring opportunities for increased efficiency and economy
f v c u L X V I.
interior of Great Britain of £415,000 net and to the
import of £220,000, of which £200,000 were from
Egypt, £11,000 from Australia and £9,000 from
Portugal.
The foreign exchange market has been dull, gen
erally steady, and without specially new feature this
week. The market is affected by the small demand
for mercantile remittance, it being confined to im
mediate requirements, and about the only inquiry
for bills is for, the purpose of covering gold imports.
Offerings of commercial drafts are small. Bankers
, in operations.
report
that this is due to the fact that the movement
Money on call, representing bankers* balances, has
of
cotton
from Southern ports is checked by high ma
vbeen active again this week. Loans were made at 2
rine
insurance
risks, and also by the limited berth
. and at 4 per cent on Monday, at 3 and at 4 on Tuesroom
caused
by
the sale of trans-Atlantic steamers for
, day and Wednesday, at 2 and at 4 on Thursday and
war
purposes,
which
has tended to increase freight
. at 2£ and 3£ on Friday. The range for the week has
rates.
One
important
factor in the exchange market
ibeen from 2 to 4 per cent, and the average about 3£.
Banks and trust companies maintain their loans at 4 is the lighter demand for travelers* credits. The
per cent as the minimum. There is a fair supply of steamers now sailing for European ports are carrying
money offering on time at 5*per cent for thirty to sixty a very small number of passengers. Agents re
.days and 5 | @ 6 for longer dates, but the business port that many engagements for passage, made early
.reported is small. Comparatively little is doing in in the season, have been canceled, and the agent of
t/Ommercial paper. A few out-of-town institutions one of the lines asserts that the trans-Atlantic passenger
are buying choice names, but not many city buyers are business is dead for the season because of the Spanish
investing. Rates are 5|- per cent for sixty to ninety troubles, and therefore the company has sold some
.day endorsed bills receivable and 6 per cent for of its vessels. Foreign bankers are of the opinion that
/prime four to six months single names. The banks the inquiry for traveler’ s credits will beat least 50 per
, ¿continue to accommodate their customers with dis, counts at 6 per cent. Officers of leading institutions say
that merchants are apparently in no great need of
money, and the borrowing is not urgent. Good judges
o f the situation, however, claim that while there may
be no great urgency at present, considerable money will
.be required by merchants next month.
There have
been steady withdrawals of deposits by country banks
this week, but the amount passing through the Treas
u ry has not been so large as last week. Banks report
Illegal tenders very scarce, and so small is the supply
tihat Clearing House balances are settled almost wholly
/•with gold Clearing House certificates. The ample
stock of gold in the banks has led to an increase in
the use of gold in payment of duties, and now about
;20 per cent of Customs receipts are represented by this
janetal, Assay Office checks against gold bullion being
*f largely used for this purpose, these checks being de
posited in the special Customs deposit fund in the Sub-
cent less this year than in former years.
Gold engagements have been comparatively small
this week, and chiefly from the Continent.
The
amount reported on Monday was $750,000, on Tuescay $1,490,000, on Wednesday $1,250,000, on Thurs
day $405,000 and on Friday $1,450,000, making a total
for the week of $5,345,000. Previously reported since
the beginning of the movement $49,090,000, making
a grand total of $54,435,000 from Europe. The move
ment from Australia to San Francisco thus far this
year has been as follows : January 14, $850,000 ; Feb
ruary 10, $ 2 ,580,000; March 10, $1,500,000, and April
6, $2,325,000. There is now in transit $1,500,000
gold, which will arrive on or about May 11. This
makes a total of the gold movement to San Francisco
from the beginning of the year $8,755,000. The arri
vals of gold at this port during the week have been
$7,456,161 ; previously reported, $33,908,204, making
a grand total of $41,364,365, leaving in transit $13,-
' Treasury, as was explained last week. The Treasury 070,635.
Nominal lates for exchange have remained unal
fhas taken from the banks $1,325,750 Kansas Pacific
tered
during the week at 4 80-|@4 81^ for sixty day
money paid last Friday, and also $1,112,500 of Union
and
4
8 4 @ 4 85 for sight. Rates for actual business
Pacific funds which were left with the specially-desigopened
on Monday unchanged, compared with Friday
¿nated depository banks last December.
Interest abroad is of course centred upon the His- of last week, at 4 8 0 @ 4 80£ for sixty day, 4 8 3 i @
33-2- for sight and 4 8 4 @ 4 84^ for cable transfers.
?mano-American situation, and the London and the
The
market was quoted dull and steady and it so con
.40.ontinental markets are more or less affected by
tinued
on the following day and on Wednesday, with
.¿expectations of
dearer money as the result of
out
any
special feature except a slightly easier tone
/prospective
continued withdrawals of
gold for
for
Continental
exchange. The market was heavy for
America. The Bank of Germany advanced its rate of
long
sterling
on
Thursday at a reduction of one-quar
. discount on Saturday to 4 per cent. The Bank of
.England minimum rate of discount remains un
«hanged at 4 per cent. The cable reports discounts of
.sixty to ninety-day bank bills in London 4 per cent
T he .open market rate at Paris is 2 per cent and at
, Berlin and Frankfort it is 3 i per cent. . According to
our special cable from London, the Bank of England
lost £598,484 bullion during the week and held £29,
436,468 at the close of the week. Our correspondent
further advises us that the loss was due to the export
of £403,000 (of which £393,000 were to the United
", States and ‘£10,000 to Canada), to shipments to the
ter of a cent in rates for actual business, to 4 7 9 f @
4 80, the lowest yet recorded, while rates for short
sterling and for cable transfers were unchanged. The
tone was easy on Friday. Rates for actual business
Friday were 4 7 9 f @ 4 80 for sixty-day, 4 8 3 i@ 4 83£ for
sight and 4 8 4 @ 4 84£ for cable transfers.
Prime
commercial 4 7 9 @ 4 79£ and documentary 4 7 8 ^ @
4 79^-.
Cotton for acceptance 4 79 ^ @ 4 79^-, cotton
for payment 4 7 9 @ 4 79^and grain for payment 4 7 9 f @
4 80. The following shows daily posted rates for ex
change by some of the leading drawers.
A p r i l 16, 1898.J
THE
CHRONICLE.
DAILY POSTED BATES FOB FOREIGN EXCHANGE.
FBI.,
M on ..
TUES..
WXD.. THUR..
FBI.,
Apr. 9. Apr. 11 Apr. 12. Apr. 13. Apr. 14, Apr.
15.
80«
80«
80«
Brown Bros....... j
1Ö
«"
84
84
84
84
Baring,
J 60 days
81
61
81
81
81
81
Magoun & Co.. 1S igh t84«
84«
84«
84«
84«
84«
Bank British
(60 days
81
81
81
81
81
81
No. America.. <Sight...
84 «
84«
84«
84«
84«
84«
Bank o f
(60 days
81«
81«
81«
81
Montreal........( Sight...
86
85
86
II*
84«
Canadian Bank (60 days
81«
81«
81«
81
o f Commerce.. \Sight...
86
85
86
8*
&
84«
Meidelbach, Ick- (60 days
81
81
61
81
81
81
elheimer & Co. I Sight...
84«
84«
84«
84 «
84«
84«
81
81
81
81
81
81
Lazard Freres... j g£.ht^8
84«
84«
84«
84«
84«
84«
Merchants’ Bk. ( 60 days
81«
81«
§1«
81«
81«
81
o f Canada....... t Sight...
84«
84«
84 «
84«
«4«
84«
I F
T F
The following statement gives the week's movement
ot money to and from the interior by the New Y ork
banks.
Week Ending April 15,1898.
Received by Shipped by
V, Y. Banks. N. Y. Banks.
Uurrency......................................
Gold............. ..................... ...
Total gold and legal tenders. . . .
Net Interior
Movement.
$4,087,000
600,000
$5,497,000 Loss. $1,410,000
2,604,000 Loss. 2,104,000
$4,587,000
$8,101,000 Loss.$3,614,000
Result with Sub-Treasury operations, etc.
Week Ending April 15, 1898.
Into
Banks.
Out of
Banks.
Net Change in
Bank Holdings.
«Banks’ Interior movement,aa above $4,687,000 $8,101,000 Lo?s.$3,514,000
Bab-Treas’y opera’s & gold imports.. 31,600,000 26,000,000 Gain. 6,500,000
Total gold and legal tenders__ $36,087,000 $34,101,000 Gain.$1,986,000
in the principal European banks this week and at the
corresponding date last year.
April 14, 1898.
Bank of
Gold.
Silver. | Total.
£
29,436,468
74,178,004
28.556.000
U2.819.000
36.693.000
9.644.000
15.597.000
2.807.000
2.756.000
£
£
...
29,436,468
48.617.637 122,795,701
14.711.000. 43,267,000
4.318.000 117,137.000
12.638.000, 49,231,000
10,473,000* 20,117,000
1.837.000 17,434,000
6.878.0001 9,685,001
1,378,000| 4,134,000
April 15, 1897.
Gold.
Silver.'
total.
£
£ .
£
England.......
36,397,813
30,397,813
France........
76,571,790 48,809,839 125,381,629
Germany *...,
28.784.000 14.828.000 43.612.000
¡Russia..........
93.560.000 3.523.000 97.083.000
A ust.-Hung’y
31.276.000 12,603,00« 43.879.000
Spain........
8.528.000 10.530.000 19.058.000
Italy .............
14.958.000 2.355.000 17.813.000
Netherlands.
2.631.000 6.789.000 9.420.000
Nat.Belgium*
2,841,333 1,420.667 4.262.000
312.48d.532 100750637 413,237,169 295,547,936 100858506 396,406,442
313.279.713 101262032 414.511,745 297,003.543 101122912 398,126.455
iu
73
v
a
a
u
su ver> given la our table o f coin
in the Bank o f G erm any and the B ank o f B elgium ia m ad e
from the best estim ate we are able to ob ta in ; in neither case is it
claim ed to be aeourate, as those banks make no distinction in their
* m erely reporting the total g old and silver, bu t w e be
41eye the division w e make is a close approxim ation .
the> foreg oin g results w eekly by ca b le , and w hile
n ot all o f the date given at the head o f the colum n, th e y are the re
tu rn s Issued nearest to that date—that is the latest r e p o rte d ilgures.
731
vention. It is true the resolutions do not in either
case explicitly charge the Spanish Government with
deliberate culpability, but what is lacking in this re
gard in the text of the resolutions is amply supplied
in the voluminous report submitted by the Senate
Committee and in almost every speech by individual
Congressmen. The Senate report begins its discus
sion with the Maine explosion. It charges explicitly
that “ the destruction of the Maine was either com
passed by the official act of the Spanish authorities
or was made possible by a negligence on their
part so willing and gross as to be equivalent in culpability to positive criminal action." Reasoning on this
basis, the report makes the occurrence in Havana har
bor its foremost argument for the necessity and pro
priety of forcible intervention. Nor can it in fairness
be said that this view of the case is confined to the
agitators of the Senate. It is only natural that states
men of that stripe should concentrate their efforts on
the Maine disaster simply because of its sensational
character. But it must also be noticed that even so
conservative a public man as Senator Hoar has pub
licly approved the same view of culpability, remarking
in his speech of Thursday that in his belief the explo
sion was a premeditated act of Spanish officers, for
which the Spanish Government was responsible, and
should be held responsible.
In short, the destruction of the Maine has been
made the key-note of the movement against Spanish
rule in Cuba. If war p to be declared, it will in effect
have been declared for the purpose of avenging what
Congress believes to be Spanish complicity in that
event, * It is not easy, moreover, to avoid the further
conclusion that the popular mind, so far as it is actu
ally bent on war, is inspired far less by the condition
of affairs in Cuba than by the incident of the Maine.
It is therefore already evident that as an event in his
tory the Spanish-American complication will be chiefly
remembered in connection with the explosion of our
battle-ship.
Whatever the immediate ground as
signed for any final action which Congress may take,
that episode will be its real inspiration.
Our readers are aware of our own belief regarding
this extraordinary occurrence.
W e hold now, as we
have held hitherto, that no evidence of any conclusive
THE IE TER VENTION RESOL TJTIONS.
sort has yet been reached to establish either the fact
The one fact which has been brought forward pre
that a submarine mine existed in the neighborhood of
eminently in this week's Congressional discussion of
our battle-ship or that if such a contrivance did exist
the Cuban question— the fact which may, indeed, be
it was exploded by any one connected with the Spanish
described as the key to Congressional sentimeut and
Government. If there were no other support for our
action in the whole controversy— is the predominance
view that nothing of the sort has yet been demon
o f the Maine disaster as the issue between the United
strated, we should rest our judgment on Consul-Gen
States and Spain. It is true that the President's mes
eral Lee s own testimony to the Senate Foreign Re
sage of last Monday, acting upon the lines of wise
lations Committee last Thursday; for the hints re
diplomatic procedure originally fixed by the Adminis
garding the mysterious messages of ex-Cap tain-Gentration, treated the destruction of our battle-ship as a
eral Weyler were of that shadowy sort which always
matter for separate consideration. Mr. McKinley laid
surround a sensational event, and which deserve lit
before Congress the Spanish proposition relative to
tle serious notice. We cannot therefore freely accept
neutral aibitration of the Havana episode, and while
the Senate Committee's statement to the effect that
advising neither for nor against such disposition of
“ it is established" that the ship was destroyed
the matter, he made no accusations as to the cause of
through such an agency. The Naval Court of Inquiry
that disaster and discussed the problem of interven
and the Consul-General’ s testimony alike confine
tion as an independent issue, to be considered on its
themselves to stating their opinion, and to admit
independent merits.
ting that proof has been unobtainable ; neither asserts
The action of Congress has been pursued, however
that the nature of the explosion is established.
along entirely different lines. The resolutions sub
But while holding this position, we are forced to
mitted b f the Foreign Affairs committees of both
recognize a certain reasonableness in the sentiment
Houses recite the Maine disaster as an essential and
expressed by the Congressional orators and commit
nseparable factor in the general argument for inter
tees, and it is in our judgment the Spanish Govern-
732
THE
CHRONICLE.
ment itself which is responsible for the spread of such
opinion. The attitude of Spain in this entire episode
of onr battle-ship has been difficult to understand on
any reasonable ground. Its expressions of regret have
been strangely perfunctory.
Its own court of in
quiry's decision, that the explosion was internal, may
conceivably have been correct and based upon con
vincing arguments ; but if so, why have the arguments
not been promptly published and carefully submitted to
American eyes ? From the beginning of this chapter
in the Cuban imbroglio, the moves of the Spanish
Government have been characterized by something so
much like indifference that they were morally certain
to emphasize among our people both suspicion and
resentment. Whether the stories repeated at second
hand of champagne-drinking and festivities by
Spanish officers in Havana, immediately after *the
destruction of the
Maine,
are true
or not,
we do not know. They are probably exaggerated,
possibly made out of whole cloth. But it is certain
that no public expression of horror and regret was
communicated by these officers to our own diplomatic
or naval authorities. In order to understand the
mischief which has been done by this and other sim
ilar neglect of the proprieties of so serious an occas
ion, it is only necessary to imagine what expression of
public sympathy would undoubtedly have followed a
similar occurrence in a French or English harbor.
Or, to put the matter in another way, the astounding
short-sightedness of the Spanish authorities may best
be judged by supposing that the explosion of the
Maine had been followed by formal and personal ex
pressions of regret and sympathy from all public
officers at Havana and Madrid; that the Spanish Gov
ernment had instantly volunteered to send before our
court of inquiry the harbor master of Havana, and
the pilot who brought the vessel to its moorings. The
present situation would have been impossible in face
of such a spontaneous demonstration. If there has
been a hasty reaching of conclusions by our people in
this matter, it may be readily enough accounted for
by the rather unusual treatment of the matter by the
[V o l . L X V 1 .
ernment's “ demand that the Government of Spain at
once relinquish its authority and government in the
island of Cuba and withdraw its land and naval forces
from Cuba and Cuban waters.”
The resolution
adopted Wednesday in the House, by a vote of 322 t<x
19, takes yet another ground, granting the President
the desired authority, but “ with the purpose of secur
ing permanent peace and order [in Cuba] and estab
lishing by the free action of the people thereof a
stable and independent government of their own.”
The net result of both Congressional propositions is
the same— the expulsion of Spain from Cuban waters
and from Cuban sovereignty. The Prf sident’ s prop
osition would presumably have reached the same re
sult, since Spain officially announced that it would not
tolerate armed intervention. We shall not pause to'
argue pro or con on the right of intervention. In our
judgment, that is substantially an act of war, and has
to be justified as invasion would be justified. But
supposing intervention successful in its purpose, with
or without an actual clash of arms with Spain, what is
to happen? The President showed conclusively, in
Monday’s message, that recognition of the insurgents
as an independent government could not properly
be considered. Once recognized by us as independent,
the Cuban insurgent administration is entitled to
limit the action of the United States in Cuba, to warn
us off the island if it so wish, and, in short, to direct
all of our moves in behalf of a settlement of the war.
Nor, in the event of Spanish expulsion, have we any
reasonable assurance that a competent government
would be* loft behind. General Lee himself, in his
testimony at Washington, has pronounced the insur
gent government a mere “ skeleton administration .,T
A large and influential part of Cuba’s citizens dreads
and protests against any such transference of author
ity, and ample evidence is at hand to show that the
insurgents have been as barbarous and uncivilized in
their methods as the Spaniards. To drive out bad
government and substitute anarchy instead would
scarcely be a step in the interest of civilization.
On the other hand, there remains the open and im
pudent threat of the Cuban Junta that if this country
intervene without recognizing the insurgents as the
government of the island, they themselves will resist
our movements to the extent of fighting us in the
field. This is surely a Quixotic situation, for although,
in their first fright at the effect of Mr. Rubens's reck
less talk, the Junta has striven to qualify its threat,
the threat remains on record. One part of Cuba has
to-day a colonial government which it declares to be
its choice; the other part has set up a makeshift gov
ernment which it insists on making permanent. The
United States steps in between, refuses the demand of
either, and proceeds to force the Cubans as a whole to
a new governmental effort. W e hope our statesmen
see their way clearly through this maze of political
complexities; for ourselves, we must confess our in
Spaniards and their public men.
Such a situation is a matter for grave regret. More
wars have been precipitated by international misun
derstanding, or by lack of tact and judgment in inter
national relations, than perhaps by any other single
cause; the peril of the present situation, therefore,
only repeats a familiar experience of history. It is,
however, doubly a matter for misgiving because of the
complex position into which the whole Cuban question
has been plunged. The deeper any student of the
situation goes into the intervention question, the more
obscure and tangled it becomes. In public councils
there is legitimate disagreement, not only as to
whether we ought to intervene or not, but as to how
we ought to do so, and as to what consequences may
be anticipated.
Mr. M cKinley, in last Monday’s
message, asked Congress “ to authorize and empower ability to discern the outcome. *
It is this phase of the situation which makes us still
the President to take measures to secure a full and
final termination of hostilities between the Govern hopeful that the worst may be averted. If war must
ment of Spain and the people of Cuba, * * * and come, we should wish a war unquestionable in its
to use the military and naval forces of the United justice, clear in its motive and distinct in its ulterior
States as may be necessary for these purposes." There purposes. The war proposed to-day does not seem to
is here no reference to the expulsion of Spain from meet any of the three requirements, but to promise to
Cuba, and no positive declaration regarding the kind have a grave and dangerous influence on American
of government which we are to help establish. The character and precedent. It would seem at the mo
Senate Foreign Affairs Committee’s resolution grants ment that if war is to be averted, it must be done
this authority, but grants it pnly to enforce this Gov either through voluntary surrender on the part of
A pril 16, 1898. J
THE
CHRONICLE.
7 33
Spain or through the interposition of the other for Sir Forbes Adam, of Manchester, who said : ®“ The
Either event would be hailed by all position of India now is intolerable and im possible/’
thoughtful observers of American institutions as a Sir Forbes is a member of one of the largest An gloIndian firms, has resided many years in the depen
providential deliverance.
dency, and has occupied the positions of President of
the Bank of Bombay, the Bombay and the Manchester
THE IN D IA N MONETARY D IF F I 0 U L1IE 8 — Chambers of Commerce, and was formerly a mem
PROPOSED PER M ANEN T A D V IS O R Y COMMITTEE
ber of the Bombay Presidency Legislative Coun
O N FO REIGN TRADE— TH E COMMERCIAL
cil. He is, moreover, a monometallist and has
OUTLOOK IN C H IN A *
always been" opposed to the closing of the In
M a n c h e s t e r , March 30.
dian mints.
Speaking in yesterday's debate on
Notwithstanding the pre-occupation of the public behalf of the Government, the Secretary of State
mind with grave questions of international politics, for India— Lord George Hamilton— once more made
those of China and Cuba especially, much interest it quite clear that the main motive for declining the
and some anxiety continue to prevail with reference proposal of the Wolcott Commission was the wide dif
to the subject of Indian currency.
The annual ference existing between the proposed ratio— 15| to 1
Financial Statement was submitted to the Legislative — and the existing market ratio between gold and sil
Council at Calcutta last week, and, contrary to gen ver.
H e also made the remarkable statement that if
eral expectation, no definite indication was given of the mints had not been closed in 1893 the Indian
the course which the Government intends to pursue. Government would have been unable to meet its obli
It was stated indeed that proposals had been submit gations without the aid of England.
So intently,
ted to the Secretary of State for India in London, but however, was his mind set upon safeguarding the in
the nature of them was not disclosed.
During the terests of the Indian Government that he sought to
adjourned discussion upon the statement which took ascribe the painfully high rate of interest and the
place two days ago, the Financial Secretary said that scarcity of money, in India to other causes than the
the whole question of Indian currency would be con cessation of the coinage of rupees.
sidered by a committee of experts in London. A
There can be no doubt about the urgent need for
similar announcement had already been made in this
a new and most careful investigation into the Indian
country, and yesterday the appointment of the com
currency question, and it is quite likely that a com
mittee was sanctioned by the House of Commons.
mittee of experts such as is contemplated will be more
The matter was brought before the House by Mr.
efficient than either a select Parliamentary committee
Yicary Gibbs, a son of Lord Aldenham (formerly Mr.
or a Royal commission. The committee which sat in
Henry Huchs Gibbs, the President of the Bimetallic the spring of 1893 had to consider only the policy of
League), who moved the appointment of a select com closing the mints, and although it recommended that
mittee of the House or a Royal commission “ to con course, it was confessed that it was an experiment. W e
sider the monetary condition of India and the effect have now had nearly five years’ trial of it, and unques
of closing the Indian mints to the coinage of silver.” tionably there is an abundance of promising material
This was ultimately withdrawn in favor of a motion
for an instructive report. The committee, it should
submitted on behalf of the Government for the ap be added, is to get to work with the least 1 ss of time.
pointment of a committee of experts, on the ground “ I am anxious, said Lord George Hamilton, “ for my
that a select committee would exclude some highly own sake, that the inquiry should be made as soon as
qualified men who are not members of Parliament, possible.” An announcement of the composition of
and that a royal commission would be too cum the committee may therefore be expected very
brous and its work too prolonged to
be of shortly.
service in a matter requiring prompt attention.
A step has just been takan by the Manchester Cham
The discussion in the Commons last night, as ber of Commerce which may lead to a change of some
well as that in the Indian Legislative Council on the importance in the methods by which the action of the
28th instant, brought into prominence the very serious British Government is determined in matters affecting
injury now being endured by the mercantile and the foreign and colonial trade of the country. In
financial interests associated with India by the closure 1890, two years before the then existing net-work of
of the mints, the failure to secure a steady rate of ex European treaties was broken up, the administration
change and the uncertainty as to the future monetary of that day appointed a committee of non-official ex
system. A t Calcutta the non-official members of the perts to advise the Ministry with reference to the al
Legislative Council were unanimous in the opinion tered conditions which would be brought about by the
that the present monetary condition is “ intolerable, termination of the treaties. The committee, which
and that to allow it to continue would be to court was composed of eminent representatives of the lead
disaster.” The member who represents the Bengal ing branches of industry and trade, and was known
Chamber of Commerce even went so far as to say as the “ Trade and Treaties Committee,” ceased to ex
that “ unless the unforeseen happened, the Indian ist in August 1893. The series of reports in which
Government would be unable to honor further drafts the results of its labors were published testify to the
of the Secretary of State in London without accept valuable services rendered by it to the Governmcn;
ing a rate calculated to injure the credit of the and the country.
Shortly after its discontinuance
Government.”
the Manchester Chamber proposed the reconstitution
eign powers.
In the House of Commons last night Mr. Maclean,
a monometallist, and formerly editor of a Bombay
paper, quoted, in support of his view, that the present
state of things is highly detrimental to Indian mercantile interests, a letter which he had received from
* Comm m icated b y our Special C orresponde at at M anchester.
of this body upon a more thoroughly representative
basis and with an extended scope of action. It was
to be composed partly of permanent officials of the
various Government departments, and partly of
private citizens chosen for their wide business experi
ence and special knowledge, and its contemplated
1734
THE
CHRONICLE.
functions were to advise the Government upon ques
tions affecting the foreign trade of the Kingdom.
The suggestion was not adopted, although it was
known to have been favorably regarded by some mem
bers of the Government.
There the matter was al
lowed to rest, hut quite recently the Manchester
Chamber has been moved by various considerations to
revive its scheme.
The immediate motive was the occurrence of an
unfortunate ambiguity in the agreement- concluded
a short time ago between the British and French gov
ernments respecting the Customs tariff of Tunis. The
Anglo-Tunisian Treaty of 1875, concluded before the
territory of the Bey became a French protectorate,
was in effect perpetual. Moreover it limited the im
port duties to 8 per cent, and it contained the “ most
favored nation” clause. This convention has long
been a thorn in the side of France because it prevented
her from extending to Tunis that system of colonial
exploitation which had already been applied to IndoChina, Algeria, Madagascar, and partially to the
French W est African possessions.
In the new
agreement Lord Salisbury has surrendered the
Treaty of 1875, the chief consideration being
that British cotton productions are to be admitted
into Tunis for a period of 15 years only at rates of
duty not exceeding 5 per cent ad valorem, French
goods of all kinds going in duty free. In the English
version of the agreement the term employed is “ cot
ton goods,” in the French version “ cottonades.” In
both cases the term has a double meaning, a wide one
including everything made from cotton, and a narrow
one— the difference in the French term being greater
even than in the English. The Tunisian customs au
thorities have adopted the most restricted interpreta
tion of “ cottonade” and will allow only a certain
class of English cotton piece goods to enter at the 5
per cent rate. The British Foreign Office, which has
charge of the negotiation of treaties, stated many
weeks ago to the Manchester Chamber that its inten
tion was to include everything made from cotton, and
at the same time, acting on information supplied by
that body, addressed representations in that sense to
the French Government. No reply has yet been re
ceived, and this is one of the diplomatic questions still
pending between the two administrations.
The incident has supplied the occasion for a re
newed application to Lord Salisbury by the Manches
ter Chamber for the appointment of a permanent ad
visory committea of experts. It is pointed out that
if the draft agreement had been submitted— confi
dentially of course— to such a body, the ambiguity
would have been pointed out and the difficulty which
has arisen would have been averted. The new treaties
now being negotiated with Germany and Belgium are
also mentioned as fit subjects for submission to a con
sultative committee, such as is proposed.
It is
urged generally also that the eagerness with which
all civilized nations are seeking to extend their foreign
trade, their growing industrial efficiency and the
greatly increasing complexity and variety of modern
productions, as well]as the changes in modes of conduct
ing and influencing international commerce, have made
it absolutely necessary that the Government should have
at hand an official— and of course an unpaid— body of
properly qualified men conversant with the details of
business, to which it may have recourse on all needful
occasions. The renewed appeal has been forwarded to
M r. Ritchie, the President of the Board of Trade, who
[V ol. LXVI.
has promised to submit it to the Commercial Intelli
gence Committee now sitting in Whitehall for thepurpose of considering the best means of utilizing in
the service of commerce the diplomatic and consular
representatives of Great Britain abroad. The subject,
of the appeal does not come strictly within the terms*
of reference to the committee, but obviously the Gov
ernment recognizes that it- is sufficiently akin to thepurpose for which it was constituted to warrant the
inclusion of the scheme in the subjects to be consid
ered. The Commercial Intelligence Committee has
concluded the taking of evidence, and the publication
of its report, which is now under consideration, may
be expected very shortly.
It may be of interest to state here that the perma
nent officials of the various Government departments
in this country are, on the whole, a highly efficient
body of men, and the proposal of the Mancheste r~
Chamber cannot be properly taken to imply any doubt
as to their general fitness to deal with commercial
questions, so far as these come within the scope of
governmental action.
Candidates for appointment
enter the civil service young and through the gate of
open examinations which, in each case, is especially de
signed to test their capacity for the special work of the
several departments. In the “ bad old times ” en
trance was gained by influence, but it is not sonow except in the rare instances in which a man
of capacity and experience is directly appointed
to a high post because of his proved fitness.
This exceptional method is usually justified in*
practice, as it was in the instance, for example,.,
of Sir Robert Giffen, who retired a few months a go
from the position of head of the Commercial Depart
ment of the Board of Trade. Beginning life as a poorboy, with no other endowment but the sound educa
tion given in a Scotch parish common school, he at
tracted the notice of a member of the government of
the day by his power of handling statistics, his clear
apprehension of economic principles and his capacity
to apply them.
His official career has been eminently
useful, as some leading statesmen could testify from
the assistance which they have received from him.
He is now devoting his leisure and freedom from re
straint to the occasional discussion of current ques
tions with which he is familiar, and within the last
few days instructive letters from his pen upon the
commercial aspects of the China question have ap
peared in the London “ T im es.”
A further note which may be - opportunely made
now is that in recent years the chief permanent officersof the Government have given much closer and
prompter attention to such detail work in the service
of commerce and industry as they may be properly
called upon to render on behalf of non-official repre
sentative bodies, or even of individuals. Occasionally
they visit, by authority of their respective chiefs, the
great centres of industry and trade, for the purpose of
making some special investigation or of conferring,
say, with chambers of commerce or other bodies upon
questions raised either by the departments or by the
bodies interested. This work is done without much
public notice, and its fruits have sometimes proved
valuable.
There is reason to believe, too, that it will
be likely to convince the minds of leading permanent
officials of the utility of the scheme suggested by the
Manchester Chamber of Commerce.
Very little sympathy is apparent in Manchester, or,
so far as I can discover, in any of the commercial and
A pril 16, 1898.]
THE
CHRONICLE.
735
industrial circles of this country, with the somewhat in December it had risen to 39|; the present year tho
«excited apprehensions entertained by a few public men price made a further advance, touching 46£ in Febih London as to the acquisition by Russia of Port ruary, and being quoted now at near the same figure.
Arthur and Tal-ien-wan. It is recognized, at least by The preferred stock, which in June 1897 sold at 4 4 f,
those who are regarded as cool-headed and thought now commands 6 0@ 63.
fu l, that an outlet to an ice-free port in Eastern Asia
Such a noteworthy appreciation in values reflects
is a natural and legitimate object of desire, which has not only improved earnings and improved business
Recome almost a necessity by the prospect of the com conditions in the territory served by the road and in
pletion, five years hence, of the Trans-Siberian Rail the country at large, but it reflects the fact that the
way. Possibly the alarm has been accentuated by the property is controlled by the Pennsylvania Railroad,
refusal of the Government to give any information as and therefore is operated in an efficient and highly
to its communications on this subject with the Russian conservative way. W ith a road managed by the Penn
Government or with that of China. The apprehen sylvania and in accordance with Pennsylvania stand
sions are not political, except in so far as they rest ards, such questions as to whether the accounts por
upon the disturbance of relative naval power implied tray accurately the condition and earning capacity of
by the Russian acquisition of a strong naval base at the property and whether the cost of keeping the road
Port Arthur.
They are mainly commercial, the in full repair has been properly charged against earn
^assumption being that, sooner or later, Manchuria ings, never come up. The fact is accepted as a fore
and other portions of Northern China will be gone conclusion. In addition it is to be borne in
excluded from commerce, on equal terms, with all mind that the Pan Handle forms an integral part of
'Other nations. The assumption is, of course, a large the Pennsylvania system, without the control of which
■one. It takes for granted that Russia will deliberately the efficiency and strategic position of the Pennsylva
disregard the rights and representations of the great nia would be impaired.
. commercial peoples and will be oblivious, indeed, of
Some of the striking characteristics of the property
her own interests in this matter. But Russian policy stand out this time more prominently than before.
in the past has been very far from disregarding the The gross revenues, which had declined in 1896 as the
pressure, the peaceful pressure, of other nations, as result of unfavorable business conditions, increased in
for example, in observing the closure of the Darda 1897 in amount of about three quarters of a million
nelles to the passage of her warships. Nor is it a new dollars. This made the total of the earnings $15,144,thing in Russian commercial policy that a part of her 484. As the sum was earned on only 1,151 miles of
territory should be open to the trade of the world road (the mileage of the leased roads being separately
«on much
more liberal terms than the rest of stated), the average, it will be seen, is $13,157 per mile.
the Empire, as in the case of Finland. More Our readers need hardly be told that this is a very
over, it must be recognized, even at St. Petersburg, high average, but it may serve to emphasize the fact
that the development of the incalculable resources of to say that it is not far below the earning capacity of
the vast territory in Asia soon to be brought within the Lake Shore, whose earnings per mile for 1896 (the
reach by the Trans-Siberian Railway will require not report for 1897 has not yet been issued) were $14,026.
only a large inflow of capital, but also of a greatly ex
What gives further importance to this large earning
tended trade inward and outward through the new capacity (indicative as it is of a dense traffic) is that i t
ports on the Liaotung peninsula. Above all, peace is made on very low average rates. The Pan Handle
is essential for the attainment of these ends, and free lines are situated in a section where competition on
dom from the alarms which would keep at a dis account of the1
^ multiplicity of lines is very intense,
tance the foreign capital and enterprise needed and where also the character of the tonnage is such as
in the utilization of the new world of wealth to make low rates an absolute necessity— in other
■
— for it is nothing less— now opening out in words there is besides the grain traffic from the farm
Northern and Eastern Asia.
It must be re ing sections much traffic in raw materials for the
membered, also, that some sort of undertaking manufacturing industries along the lines of the sys
has been given by Russia as to the preservation in tem. The Pan Handle's rates on freight are some
Manchuria of the present commercial and customs what better than those obtained by the Lake Shore,
conditions. W hat is the precise nature of this under yet the average for 1897 was only about five-eighths
taking may appear in the course of a few days, since of a cent per ton per mile— in exact figures, 6-3 mills,
the British Government has promised to lay before which is a decline of two-tenths of a mill a 3 compared
Parliament, before the Easter recess, its correspon with the year preceding.
dence with Russia as to the terms upon which the
W e have referred above to the increase in earnings
newly-acquired righJ..
•and are in future to oe
Manchuria have been secured of three-quarters of a million dollars as compared with
the year preceding— $774,122. The company was able
to do the increased amount of work represented by this
PITTSBURG CINCIJS/JS„
0 & ST. enlarged revenue with an actual decrease of $304,084 in
LOUxt,
expenses.
The degree of the economy which this
The annual report of this comparer, commcnly reduction in expenses reflects may be judged
known as the Pan Handle road, has been received imr when we say that the company handled 894,049
week. The affairs of the property have lacteilv at more tons than in the year preceding, while
tracted a good deal of attention. The stock oi me in tbe tonnage movement one mile there was an in
road has within recent periods developed considerable crease of 200,503,051. The ratio of expenses to earn
activity and become quite a favorite on the New York ings war reduced from 73-69 per cent in 1896 to 67’91
«Stock Exchange. In the great rise in values which per cem ;i_ 2S97. The reduction was effected notwith
has occurred on the Exchange the last twelve months standing au .nccease in the outlays for maintenance of
no security has occupied a more conspicuous place, way and structure*, and notwithstanding that taxes
i n March of last year the common stock sold at 11|, also again increared. *:i conducting transportation
THE
733
[V O L . L X v I .
CHRONICLE.
company’s experience in the city of Chicago, where
there was a saying of $151,471, in general expenses a
under recent ordinances it was compelled to elevate ita
decrease of $17,235 and in maintenance of equipment
tracks, at a large expense, between Western and
a falling off of $174,240.
A s the combined result of larger earnings and small Ogden avenues.
er expenses, net earnings increased in the sum of
RAILROAD GROSS EARNINGS FOR MARGE .
$1,078,206— that is, net for 1897 was $4,859,589,
Returns of railroad earnings continue of the same
against only $3,781,383 for 1896. After allowing for
favorable
character as heretofore. For March our
the year’s fixed charges, there remained a profit of
$2,218,645 on the business of 1897, against only compilation comprises 138 roads operating 101,507
$1,181,252
on
the
business
of
1896.
These miles. On these roads the gain reaches the large sum
results are independent of the
operations of of $6,244,364, or 15-25 per cent. Out of the whole 138the leased lines. Including the revenues of these roads, 119 have contributed to the improvement, only
lines and also the charges on behalf of such lines, the 19 falling behind. Altogether the statement ranks1
report shows a surplus for 1897 of $1,316,969, against with the best we have had during the present era of
only $429,149 for 1896. It is proper to say, how
ever, that in arriving at the surplus of $1,316,969, the
company has deducted not only the ordinary charges,
but also the sum of $528,367 for extraordinary expend
itures in elevating tracks in Chicago, 111., and other
improvements and additions not properly chargeable
to capital account. Even on this conservative basis
the surplus at $1,316,969 would suffice to pay the
preference dividend of 4 per cent to which the pre
ferred stock is entitled, and yet leave a surplus of over
four hundred thousand dollars for the $24,436,310 of
common stock. The profit and loss account shows
that the company deducted $312,227 from its accrued
surplus of previous years for amounts paid in settle
enlarged results.
The satisfactory nature of the exhibit causes o f
course no surprise. It is the natural product of such
conditions as have prevailed— nearly all of which wereof the most propitious kind. The volume of trade
and business was on a large scale, affording a heavy
tonnage in merchandise and general freight. The in
fluence of the Spanish-American imbroglio was ad
ment of sundry old accounts.
It deserves to be noted, too, that the good results
outlined above were obtained notwithstanding that
the traffic of the line was seriously interfered with by
the strike of the bituminous coal miners, which lasted
from July 1 to the middle of September and oc
casioned an almost complete discontinuance, dur
ing that period, of shipments of coal from the
mines on the Pittsburg
division.
It
is also
verse, but it acted mainly a3 a check on new enter
prises, while present business represents largely en
gagements previously made. In the W est the roads
had the advantage in most cases of a larger grain
movement, in the South they had the advantage of a
larger cotton movement. The live-stock movement in
the W est also was heavier than a year ago.
The one unfavorable element (aside from the de
moralization in rates, which has so long been a de-:
pressing feature) was the extensive washouts and over
flows experienced by the roads in the Middle and
Middle Western States as the result of the long-con
tinued rains. Am ong the small lines traffic on the
Ohio River road was suspended for eight days; and all
through Ohio, Pennsylvania, Indiana, Illinois and
West Virginia, extensive floods were reported.
In
magnitude and importance the interruptions of course
were not as serious as those occasioned by the great
overflow of the Mississippi the previous year, which
did so much damage over such a wide area at th at
time. But at least some individual roads suffered
pointed out that the line was again visited by heavy
floods, the most serious being those occurring the
early part of March 1897, which temporarily closed all
but the Chicago Division. The Louisville Division,
the report says, was badly washed out, and also the
Cincinnati Division, where 20 miles of track were
under water. The aggregate of damage caused in more severely on this occasion.
I n measuring the significance of the present year’s
this way is put at about $100,000.
President Frank Thomson points out that the gain
in earnings occurred entirely during the latter portion
of the year. U p to July the traffic of the road re
flected the depression in manufacturing and commer
cial industries that prevailed throughout the country.
Prom that time forward, however, there was a notable
improvement, and with returning prosperity the com
pany was able not only to show satisfactory financial
results, but also to carry traffic at a profit at the
exceptionally low rates that prevailed throughout the
year while yet providing for all absolutely necessary
expenditures.
Mr. Thomson
some roads to share in it, the part played by the bad
weather and these overflows must not be overlookedIn quite a number of instances losses in earnings oc
curred the latter part of the month which are entirely
attributable to that cause. And indeed the losses»
noted the first week of April find their explanation in
many instances in the same circumstance. As con
cerns the character of the exhibits in previous years,
the following table shows that in the final aggregate
March has recorded improvement for several successiveyears, though prior to 1898 the gains were small in
directs
especial
attention to the
steady increase in the taxes collected on the proper
ties of the company by the State and municipal au
thorities. H e says that in many cases the basis of
such taxation is unjust and much in excess of that
applied to adjacent individual property. A t the same
time the policy of abolishing grade crossings in the
large cities, while essential to safety, necessarily in
volves a heavy outlay, which he states cannot
prudently be met by an increase of capital account,
and becomes therefore a charge upon current reven
ues. In illustration of his remarks he refers to the
improvement and seeking to account for the failure of
Mileaae.
Earnings.
Tear
Given.
Tear
Preceding.
Tear
Given.
March.
1891 (129 roads).......
1895 (132 roads).......
1898 (123 roads).......
1897 (126 roads).......
1898 (138 roads).......
Mile».
98,610
100,731
92,222
96,895
101,507
Miles.
96,165
100,706
91,859
96,201
100,313
I
39,111,981
39,210,001
37,250,670
38.799,517
17,203,772
Jan. 1 to March, 31.
1891 128 roads)......
1895 132 toads)......
1896 (123 roads)......
1897 (125 roads).......
1898(136 roads)..
98,279
100,781
92.222
96.756
101,250
95,801
100,706
91,859
96,065
100.086
Tear
Preceding
Increase
or
Decrease.
$
15,019,395 Dec.
38.995.107 Inc.
35,671,299 Inc.
38,189,10« Inc.
10.959.108 Inc.
t
5,877,114
214.89T
1,576,371
610,111
6,211.364
108,371,710 121,258,122 Dec 15,886,112
110,177,321 110,119,231 Dec. 271,91*110,179.309 100.817,289 Inc. 9,632.029
110,106,051 112,16 ’,«88 Dec. 2.057.03*
133,117.996 115.641,767 Inc. 17,802,628*
A pril 16 1898. j
THE
CHRONICLE.
The grain movement was generally of large dimen
sions; at the Western primary markets the receipts of
wheat for the five weeks ending April 2 were over 13
million busheD in 1898, against less than 9£ million
bushels in 1897; of corn 22 million bushels, against
-13 million bushels; of oats 14£ million bushels, against
H i million, etc. Taking wheat, corn, oats, barley
and rye together, the deliveries were 53,677,838 bushels,
against 36,657,951 bushels in 1897, an increase, it will
be observed, of over 17 million bushels. This gain in
the grain movement was of course of great advantage
to the roads benefited thereby. Y e t it is well enough
to remember that the gain did not extend to all
points. Thus for instance at Duluth the deliveries of
wheat the present year were only 1,421,275 bushels,
against 3,049,974 bushels, and at Peoria the receipts
of corn were only 1,343,700 bushels, against 2,136,000
bushels. Below we give the details.
RECEIPTS OF FLOUR AND GRAIN FOR FIVE WEEKS ENDING APRIL 2
AND SINCE JANUARY 1,
Flour.
(bbls.)
Com,
(bush.)
(bush.)
Ohicaoo—
5 wks. Mar., 1898
995,801
5 wks. Mar., 189'
260,902
Since.Ian.1.189 1,807,031
Since Jan.l, 189
646,901
Milwaukee—
Oats,
(bush.)
06 11,495,44' 9,239,80
)7 4.437.95 1 7.099.9 A¡
35 29.333.51' 23,897.84 1
50 14,799,61' 22,635,66)
# wks. Mar., 1898
87.000
W
S wks. Mar., 1897 213,450
0
-Since Jan.l, 1898 654,090
5
Since Jan.l, 1897
622,700
17
Bt. Louie
* wks. Mar., 1898
133,745
9
5 wks. Mar., 1897
133,000
9
Since Jan.l, 18P8 328,265
6
Since Jan.l, 1897
315,426
4
Toledo—
# wks. Mar., 1898
4,168
O
o wks. Mar., 1897
5,831
0
Since Jan.l, 18P8
10.962
0
Since Jan.l, 1897
13,207
5
Detroit—
• wks. Mar., 1898
24.II0I
4
» wks. Mar., 1897
11,500
8
Since Jan.l, 1898
70,385
4
fllnoe Jan.l, 1897
26,550
1
- Cleveland—
wks. Mar., 1898
S
• wks. Mar., 1897
5,720
3
Since Jan.l. 18P8
58,998
5
Since Jan.l, 1897
12,639
Peoria—
* wks. Mar., 1898
31,150
§ wks. Mar., 1897
30.600
70,801 >
wince Jan.l, 18P8
103,750
100,20« 1
Since Jan.l, 1897
76,560
Duluth—
§ wks. Mar., 1898
500|
8 wks. Mar., 1897
36,6001
Since Jan.l, 1898
5001
Since Jan.l, 1897
88.600 6.247,151
Minn/at>oils—
8 wks. Mar., 1898
22.778
8 wks. Mar., 1897
10.568
Since Jan.l, 1898
63,7’*1 15,627,’880
Since Jan.l, 1897
31,783 10,054,850
Barley,
(bush.)
Rye.
(bush.)
1,775.120
1.111,873
4,389.554
4,479,920
319.352
112,136
741,302
423,720
631.05C
088.0OC
805,200
26,00'
635.80C
691,200
l,8O2,90< 2.524.00C 2,440,310
146,901 1,815,600 2,351,5*5
158,400
75.600
473,120
388,990
3,310.610 l.llS.S^O
3,217,30(
941.55Í
9,U8,51( 2,812.775
8,858,937 2,910,005
131,905
41.616
318.818
83,606
1,075.778
1,599.983
4,0*3,285
4,521,340
429,859
52,479
923.920
125,913
297,200
141,8:3
714,358
361,652
159.648
70,481
509,44?
221,145
109,620
111.000
495,161
604.500
112,920
118,3-'S
445,08
244,17r
868,235
597.921
44,131
10.883
230.78U
20«,801
1.720.430 1,892.912
145.789
45,094 1,632,113 1,040,019
145,550
132,841
384,889
464,344
850,470
571 610
185.890
957,000
1,083.980 2,453.030
519,510 3,199,870
reriiaps the most striking way to indicate the expansion which has occurred in the grain movement is
to take the receipts at Chicago, always the point of
greatest importance. In this case we have the figures
for the even month. They show deliveries of 23,110,049 bushels in 1898, against only 12,275,466 bushels
in 1897 ; the total even exceeded that for 1896, which
had also been exceptionally large, but had amounted
to only 19^ million bushels. We annex our customary
table giving the facts regarding deliveries at Chicago.
RECEIPTS AT CHICAGO DURING MARCH AND SINCE JANUARY 1.
1898.
1897.
2,424,22:
10,403,880
8,358,604
297,647
1,625,090
883,407
4,151,117
6,627,383
94,530
1,019,023
Total grain 23,110,049 12,275,406
Flour., bbls.
942,990
231,811
»Fork. ...bbls.
353
480
Out m’ts.lba. 21,076,707 12,098,224
Lard.__ lbs.
6,185,250 3,543.530
Live hogsNo
031,731
570,018
bince January 1.
1890.
1818.
RECEIPTS OF COTTON AT SOUTHERN PORTS IN MARCH AND FROM
JANUARY 1 TO APRIL 1, IN 1898, 1897, AND 1896.
March.
Porte.
Since January 1.
18S8.
1897.
1896.
98,804
10,345
203,141
26,664
12,757
71,038
32,090
19,120
13,564
9,043
71
18,781
4,855
60,478
12,555
100,902
17,324
8,410
43,819
9178
10,433
7,236
3,130
25
20,984
692
32,925
8,304
105,481
7,979
4,828
47,392
5,981
10,704
11,592
5,5t8
13
34,786
8,049
1898.
1897.
1896.
464,006 250,121 181,311
34,329
38,807
42,423
926,832 451,897 45L434
115.551
73,070
55,580
50,904
32,560
10,417
261,981 172,142 17L842
106,579
25,855
20,831
85,454 64,154
57,8e0
25,652
12,*80
32,380
38,821
27,162
25,868
354
163
114
98,262 111,085 115,399
9,575
3,833
23,959
520.8731 295.170' 283,552 2,218,300 1,269,729 1,195.404
Galveston............. bales.
Texas City, &c.............
New Orleans...................
Mobile..............................
Florida.............................
Savannah.............. .......
Brunswick. &o..............
Charleston.....................
Port Royal, &c.............
Wilmington.....................
Washington, & e..........
Norfolk..........................
Newport Netrs,&c......
T o ta l........................
PRINCIPAL CHANGES IN G R O SS EARN
18,( 00
4,100
35,< 00
29,300
42,630
9,880
KansasCity—
-8 wks. Mar., 1898
1.855.500 1,377,300
403.00'
8 wks. Mar., 1897
362.500 1,143.300
400.000
Slnoe Jan.l, 1898
3.442.500 4,134,300 1.002.00O
Since Jan.1,1897
876.500 4.083,950
961,50
Total of all—
8 wks. Mar., 1898 1,399.2.2 13,106,212 22,086.101 14,595,371
3.038,103
854.051
- 8 wks. Mar., 1897
698,837 9,700,741 12,967,011 11.230.701 2,385,662
373,837
Since Jan.l, 18P8 2,896.745 33,270,895 59,048,705 39.728.4531 3,5''0,002
2
Since Jan.l, 189- 1,792,356 21,774,553 39.831,464 30,327.07 >|
9.101.688 1
Wheat.busb
Corn...bush
Oats., bush,
Bye., .bush.
Barley.bush,
W ith reference to the cotton movement in the
South, that was of nearly double the volume of that
for last year. A t the Southern outports the receipts
were 520,373 bales, against 295,170 bales in 1897 and
283,552 bales in 1896. The shipments overland were
162,680 bales, against 86,569 bales in 1897 and 95,790
bales in J896.
ences cited above, it is not surprising that the gains in
earnings should have been large and general, even
though rains and washouts proved a drawback in some
61,441 instances. The following is a full list of all the changes
159,525 in excess of $30,000, whether gains or losses; it will be
observed that the list comprises only one road on the
loss side, and 49 with gains.
189,100
99,4011
584,700
388,800
March.
The live-stock movement was likewise in excess of
that for last year. Thé foregoing 'ta b le shows’ that
the deliveries of hogs Were 631,731 head, against 576,018 head. Taking the live-stock deliveries as a whole
we find that 22,610 car-loads were brought into Chi
cago in March 1898, against 21,536 car-loads in March
1897 and 22,556 car-loads in 1896.
29,408
7,651
66,550
29,977
830.315
496.609
81.803
95,938
2,935,792 1.454.802
142,369
253,410
1.313.70'
835 400
2,136.000
740,35"
4,323.65'i 2.257.05
6,321,10 i 2,696,150
737
1897.
910,813 4,524,837 1,306.576
0,882,24' 28,780,210 14,709,090
9,589,173 23.410,049 22,537,868
168,344
730,247
413,800
1,763,364 4,316,774 4,443,080
19,299,734 01,767,017 43,471,014
174,67
1,575,870
631,692
374
860
587
11,123,191 59,080,5221 35,352,510
5,320,030 17,549,702 14,622.161
596,165 2.079,6321 2.C49 400
2.990.185
20,585,493
24,515,503
408.069
4,730,073
53,229,923
697,033
1,021
40,188,610
19,156,678
1,865.684
I D)4*t*Ail WAS '
Chic. Mil. & st. P a u l...*
Canadian P a cific...........
N orthern P aoiflo...........
Illinois C entral..............
Great Northern System
M issouri P aoiflo............
Oregon R R . & N a v ..I ..
Grand Trunk System .
Chic. R ook Isl. & P ao.
Wabaah...............................
N. Y. C entral..... ..............
Louisville & Nashville.
KansasO . P. & G u lf...
Texas & Paoiflo.............
D en ver & R io G rande.
Southern R ailw ay ........
St. Louis Southw estern
Balt. & Ohio Southw’n.
R io Grande W estern ...
St. Louis & San F ra n ...
N orfolk & W estern.......
Ohio. Great W estern ...
Pitts. <fe West. System ..
Clev.
Cin. Chic. & St. L.
______
* F or three weeks only.
GS IN M A R C H .
In crea ses.
$580,046 W isoonsin C en tral..;....
$5 1,99 9
521,055 Un. Pao. Denv. & G ulf *
50,238
494,163 Minn. St. P. & S. S. M ..
49 ,259
432,847 Interooeam o (M e x .)...
4 9 ,2 0 0
394,771 E lgin Jol. & E a ste r n ...
4 8 ,5 3 3
328,268 Cln. N. Ori. & T e x Pao.
4 7 ,8 4 4
267,290
— ,-----Nashv. Chatt. & St. L ..
45 ,110
245,691 I Kan. C. Mem. & B irm ..
44,605
Col. H ook. Val. & T ol.'.
42 ,667
221,103 Pitts. Bess. & Lake Erie
41.685
168,661 M obile & O h io............
4 0 ,767
135,528 Ohoo. Okla. & G u lf.......
36,301
117,389 Ohio. Ind. & L ouisville.
35
,2 3 6
105,919 Ohio. & W est M ich........
3 4 ,4 0 0
100,800 Buff. Rooh. & P itts.......
3 4 ,3 9 3
92,326 M exican R a ilw a y .........
3 4 ,3 0 0
82,449 Mo. Kan. & T e x a s ..... .
3 3 ,8 6 3
82,188 W heeling & Lake E rie.
3 1 ,4 0 4
74,200 Burl. Ced. Rap. & N or.
3 1 ,3 6 9
67,563
62,883 I T otal (representing
61,246
49 roa d s)................. $ 5 ,756 ,825
59,558
D ecreases.
52,675 . Chesapeake & Ohio . . . .
$86,377
In the Northwest the improvement in earnings, as
the result of the heavier grain movement and the ac
tivity in general trade, is particularly manifest ; in
several cases, too, the 1898 earnings are the best of
any recent year, as will be seen by the following sixyear comparison.
____
March.
EARNINGS OF NORTHWESTERN LINES.
1898.
1897.
1896.
«
357.202
489,785
I
325.833
423,539
S
405,418
456,941
Burl. Ced. R.& No,
Ohio.Gt. West ...
Ohic.Mil.&St.P. 1 2,910,372
Mtlwau.&No.. >
Ohio. B. I. & Pac. 1,462,529
Duluth S.S.& Atl.
136,007
Great Northern.. 1,618,078
Iowa Central......
144,383
Mina.* St. Louis.
160,062
9t. Paul & Duluth
118,193
T o ta l............ 7,438,671
1895.
1894.
1893.
$
$
$
310,747
333,257
352.610
284,579 337,857
378,814
2,336,320 2,749,354 2,258,237 2,515,797 \ 2,700,350
« 145,151
1,237,494 1,275,601 1,197,830 1,511.074 1,553,668
122.445
152.360
143,570 112,230
173,027
1,253.307 1,385,480 1,136,531 948,821 1,251.331
131,951
172.170
124,556 156,125
171,220
100,637
162.426
147 289
143,845
100,113
105,609 103,930
98,531
95,064
131,850
6,108,14110,833,76ol 5.705,871 0,154,706 7.029.158
the grain movement was a favoring influence of large
magnitude, and the returns of earnings reflect the fact.,
THE
738
EARNINGS OF SOUTHWESTERN GROUP.
March.
1898.
1897.
1896
1895.
1894.
[V O L , L X V I .
CHRONICLE.
1893.
The very best showing by any group is made by th e
trans-Oontinental roads on the north the Northern»
Pacific and the Canadian Pacific.
*
3
3
$
EARNINGS OF PACIFIC ROADS.
731,801
480,468
481,787
556.801
Den.&RioGr.
338,561
256,831
276,832
+226,876
Int.&Gt. No..
1893.
1894.
1895.
1896.
613,181
1897.
1898.
420,370
March.
389,618
364.683
K.C.F.S.&M..
668,123
744,190
3
928,017
3
3
888,866
3
3
i
Mo. K .& T ex
1,789,617 1,900,981 1,975.006 2,295 807 Canad n Pacific. 2,050,000 1,528,945 1,603,603 1,193.259 1,382,119 1,668,463Mo.P.&Ir.Mt.
89,403
1,698,511
68,883
1,111,197
50,834
47,555
North’n Pacific. 1.834,162 1,339,999 1,314,550 1,239,562
St. Jos.&Q.I..
179,72©»
494,526
148,628
166,602
483,445
181,153
515.015
181,200
255,400
St.IiOU.&S.Fr.
444,093 Rio Gr. West’n..
364,511
399,383
361,811
3.446.69
2,641,914
2,599,423
St.L. Bouthw.
2.999.30«
3,050,144
4,139.562
58 >,420
Total...............
501,804
676,967
492,491
Texas & Pao.
811,927
223,460
224,075
231,998
U.Pa&D.&G
GROSS E A R N IN G S A N D M IL E A G E IN MARCH.
6.433,817 5,641,303 5,478.646 5.711,689 5.630,049
+
Houston & Henderson not uiuiuuou
u
1
Mileage.
Qross E a rn in g s.
*F?èures here for 189« and 1897 are simply the totals o f the earnlnKs for the
f o V w e lls of the month as reported in the weekly returns ; the month s
W a m eo f R oa d .
Increase or
su ally exceed the weekly estimates quite considerably.
1897.
1898.
Decrease. 1898. 1897,
^ ¿ u r e s for fourth week not reported ; taken same as last year.
$
614,800
t292,039
«395,438
820,510
2,283,000
91,930
570,238
420,300
622,845
*319,747
3
514,000
+290,038
a36P,«15
786,647
1,954,782
99,310
502,675
337,851
516,926
269,509
In the South the gains have been more moderate,
and yet in the aggregate the amount of the improve
ment is large. Two or three of the roads, and notably
Mobile & Ohio, excel their best results of previous years.
$
310
+ 15,141
310
121,540
Alabama Gt.8outh’ n .
136,631
Ala.N.O.Tex.&Pao.—
195+ 4,95i
195
114,614
N. Orl. & No. E a s t ..
119,535
142
142
+6,931
53,603
Ala. & V icksb.........
£0,534
180
189
+12.1«.9
46,881
V icksb 8h r.& P ac..
59,990
292:
292
11 ',121 + 16.757
Ann A rbor................
,Z*
231
231
+7,027
21,917
EARNINGS OF SOUTHERN GROUP.
Atlanta K noxv.& N o.
?§»24*
278
278
+ 7,337
45,984
Atlantic & Danville.
53.3Z •
921
921
+ 82.186
517.966
Balt.& Ohio Southw.
600.152
1897,
1898.
March.
2222
+ 381
2.068
Blrm’ ham & A tlantic
2.449
340»
339
+
34,393
252,889
Bull'. Rooh. & P ittsb ..
287.282
T
3
1.136 1,136
+
31,3
69
325,833
Burl.
Ced.
R.
&
N
o
...
357,20*
138,6811 121,540
Alabama Gt. So..
Canadian Pacific. . . . 2,05 0,000 1,528,945 +521,055 6.568 6,476»
960,1761 1,036,553
+ 24,756 1,524 1,524
415,312
Ohes. & Ohio..
Central o f G eorgia .
440,06*
290,703
105105
338,547
+172
5,965
Gin.N.O. &Tex.P.
Chattan. S ou th ern ...
6,137
1,360 1,360
—86,377
129,041
1,036,553
147,043)
Chesapeake
&
O
h
io
..
9
."»0,176
Georgia................
648
648
+
v
6,161
327,092
«93,021
Ohio. & E ast Illin ois.
353,2o3
Kan.C.Mem.&Btr. «137,626
930
930
+61,216
428,539
Ohio. Great W estern.
489,785
Louisv. & Nashv. 1,830,480 1,691,952
537
537
+
35,236
226,222
Chic. Ind. & L ou isv ..
261,458
116,942
113,968
6,153
6,153
Memphis & Char..
+580,046
2,336,326
Ohio. Mil. ¿5 St. P aul. 2,916,372
323,123
232:
232
363,890
+ 7,808
71,071
Mobile & Ohio...
Chic. P eo. & 8t. L ----78,879
415,204
460,314
Nash.Chat.& St.L.
Ohio. R. Isl. & P a o ... 1.462,529 1,237,494 + 225.035 3,571 3,571
7676
+ 6,657
86,530
*973,S05|
936,688
Chic. Term. Tr. R R ..
93,18>
Norfolk & West.b
581
581
+34,400
129,267
Chic. & W est M ich ...
163,667
South’n Railway 1,799,089 1,706,763 j
220
220'
+ 36,301
42,003
Okla. & G u lf...
78.3C4
,
............. 7.214,602
...... 6,800.647 6,302,508 6,173,990 6,214,670 7,024.748 Choc.
42
42
—358
4,338
Oin. G eorg. & P o rts..
3,980
T otal.
336336
+ 47,8 44
290,703
Cin. N.O. & T ex. Pao.
338,547
111.
111
+
3
304
19.41
fourw eeksUo fethe
^
month’s Oinn.Portsm’th & Va.
22,716
210
210
—3,087
54,914
51,827
^^Incfudi^^^iR ^V ^le^^N ^w ^nK laiid^ni^Shenandot^ Vailey for all the Clev. C anton <& S o ...
+ 52.6 75 1,838 1,838
Clev. Cin.Ch.& St. L . . 1,184,293 1,131,618
35 »
352
+
5,098
140,215
P
eoria
&
E
astern
..
145.343
y*Frfgures are approximate, same as for 1898: actual earnings were larger.
192
192
+ 24,0 73
90,007
Clev. Lorain & W heel.
114,080
350
350
+61
Among the trunk lines* the small improvement Colorado Midland ..
Ì 137.099
137,159
346
346
+
4
2
,6
6
188,920
Col. H ock. V al. & T ol
231.587
273273
+ 11,8 13
shown in face of many favoring elements as to volume Col. San’ky. & H ook..
56,863
68,676
oo
22
+ 100
1.150
<fe L a k e .
1.250
1,668«
1,666
of tonnage, reflects the continued unsatisfactory situ Colusa
+
100,800
514,000
Denv. & R io G ran d e..
614,800
150
15
+5,294
34,555
D. M oines No & Wes’t.
39,849
112
11
+ 1,328
13,605
ation as to rates.
D. M oines & Kan. C ...
14,93
334
334
+ 15,564
EARNINGS OF TRUNK LINES.
99,273
Det. G r.R ap.& W est.11 4,-3 7
10%
102
+
24,9
92
14,185
Det. & Lima N orth ..
39,177
58S
588
+13,622
122,445
1893.
1894.
Dnl. So. Shore & A tl..
136,067
1895.
1898.
1897.
ia r
197
March.
+
48,533
100, 54
Elgin J oliet & E a st..
148,687
15
+2,042
20,746
3
3
Evansv. & Indianap.
22,788
3
3
3
+16.714
7 7 ,lot)
93,820
537,085 1 221,321 Evansv. & T. H aute..
6 4S'536,239
648
535,973
+ 22,021
B. & O. S.W
617,966
247,876
269,897
t 359,721 Flint & P ere M arq...
lie
146
+ 17,6 63
Oh. & Miss.
17,934
Ft.
W
orth
&
R
io
G
r
..
35,597
1,202,446
il
11
990.862 1,102,301 1,055,342
1,113,618
—
100
699
C.
C.C.ASt.L
Gadsden & Atl. U n ..
599
141,013
307
137,065
307
+
18,002
150,308
147,868
129.041
140,245
G e o r g ia ................ —
147,043
Peo.&East.
450
458
+23,812
1,520,117 1,683,683 G eorgia & A lab a m a ..
79.733
1,419,451
f
1,378,031
103,575
G.T.of Can.
285285
+ 16,5 18
63,947
328,130 Ga. South. & F lorida
263,229
80,465
233,879
1,803,279 \ 289.173
435»
Ch.&G.T...
4.42
+17,780
164,423
94,840 Gr.Rapids & Indiana.
182,203
88,645
79.475
j
74,469
9a
92
D.G.H&M.
—39
35,118
Cin. Rich. & F t. W . .
35,079
3,547,767 8,965,464
3,718,420
3,599,304
26
3,692,022
26
—2
0
Ì
3,569
N. Y.C.& H.+
3.549
Traverse C ity.........
1,135,189
1,007,539
1.015,428
37
37
+3,791
936,438 1,002,361
8,783
Musk. Gr.R.& In d ..
12,574
Wabash
Gr.
Trunk
o
f
C
an..
.
)
9,131,807
8,156.789
8,255.502
8,017,514
,1
t
8,203.568
Total..
Chic. & Gr. T r’k .. > 2.048,970 1,803,279 +245,691 4,036
T includes Home n a i e r w i m » u «u o u o u u i.
— - — --------D et.G r.H av .& M . j
998,544 + 384,221 3,780,
In the Middle and Middle Western States generally, Gt. No.—S. P. M. & M. 1,382,765
721
+ 17,243
88,905
106,149
E astern o f M in n ..,
251
—6,69?
165,858
159,165
M ontana C e n tr a l..
the heavy rains and the demoralization in rates have
65
+ 2 ,4 2 6
10.897
13,323
G u lf Beaum’ t& K. C.
62
+70«
3,660
4,369
served to prevent a full expansion in revenues. Y e t, G u lf & Chicago ........
25
+ 502
3,16>
4,262
H oosac Tun. & Wilm.
3,
3,808
+
432,847
1,799
818
2,232.665
despite that fact, the comparison with other years is Illinois Centralt.........
775
+ 2,001
290.038
292,039
Internat’l& Gt. No. 1
53
53
+
49,2
00
217,800
267,000
Lnteroceanic (M ex.).a
quite satisfactory in many instances.
503’
509
+ 12,432
131,951
144.383
Iow a C entral..............
20»
BABNINGS OF MIDDLE AND MIDDLE WESTERN ROADS.
20
+2,241
3,146
5,387
Iron ............ . ................
172:
172
+ 4,237
32,945
37,182
Kanawha & M ich —
975975
+
25,>"23
1894.
1893.
369,615
1895.
395,438
1896.
Kan.C. F t.8. & Mem .
1897.
—arch.
1898.
276
276
+ 44.6 05
93,021
137,626
Kan. C. Mem. & B ir..
153
174
3
3
3
+ 3,896
3
30,222
3
34,118
3
Kan. City &N. W ----194
194
101,432
—3,432
83.608 Kan. ity (& Om aha..
89,426
23,065
99,125
19,633
111,121
127.878
644*
814
+
1
1
7
,
8.223,774
156,490
274,089 Kan.C.Pittsh. & Gulf.
273,879
255.964
231.107
252,889
«7.282
35
35
+
9,289
30,2<
0
39,489
282,221
368,986
289,420
Kan. City Sub. Belt
5) ,253 327,092 342,868
148
148
—2,69
34,901
32,204
287,247 Keokuk & W estern...
254,7f)0 234,113
725
725
¿1,7,458 226.222 265,412
+
10,638
■pvi.'feL'vvvy.
281,474
270.836
141,187
148,893
180,443 Lake E rie & Western.
90
128,226
90
+ l,4 4 i
.& West Mich. at 3,667 «129,267
25,060
26,500
Lehigh & Hud. River.
375
375
275,522 Long Island R R ........
173.219 219+20
+ 19,96»
188,920 209,687
25 1,696
271,664
231,587
Col. H. V. & T ol..
50*
50
— 1,487
96,631
97,600
7,3741
107,076 Los Angeles Term’l .
5,887
95,079
Det.G.Rap.&W est «114.837 «99,273
372
372
+ 5,684
1 2 0 ,6 V
126,373
99,955
98,944 Louisv. E vans. &St. L .
95,485
134,815
100,154
148,687
Elgin Jol. & East.,
166
166
+7,644
39,190
46,824
101,203
107,14.5 Louisv.Hend & S t.L ..
85,731
92,552
77,106
93,820
Hvansv.& Terre H
2 + 1 3 5 , >28 2,935 2,975
253,758
283,361 Louisv. & N ashville.. 1,830,480 1,694,95
235,257
246,042
97
247,876
97
—530
269,897
Tlint & P. Marq...,
4,922
4,392
Macon
&Birming’m
..
216,988
282,436
44
44
+ 720
233,405 211,893 225,508 238,941
5,576
6,296
Gr.Rap.&lnd.......
M anistiaue.................
331
331
1,607.328 1,805,787 Memp. & Chariest’n .
—1,974
115,942
113,968
Illinois Centrait... 2,232,665 1,799,818 1,724,831 1,694,298
+ 1 9 ,8 3 « 1,956 1,956
334,909 M exican C entral....... 1,153.050 1,133,212
274,924 294,572 268,824
270,836
281.474
Lake Erie & W est.
1,219 1,219»
—7,458
506,880
499,422
271,334
270,836
Mexican
N
ation
al..
233,928 267,66«
251,693
271,664
321
321
Long Island..........
+ 34,3 00
290,500
32 4 ,-0 0
129,350
165.861 M exican-R ailw ay.«
120,690 122,254 ) 116.686
227
227
126,373
—2,329
Lou.Evans.& St.L.
43,553
41,2 ¿4
M exican Southern"..
288,366
314,196
370
298,024
370
258,716
303,726
—5
;
6
303,157
166,639
166,063
N. V. Ont. & West.
Minn. & St. L ouis___
227,442 Minn.
1,189 1,189
2Q1,526
+
49,2
59
230,140
224,307
262,173
201,458
311,432
261,016
St.P.&S.Ste.M.
Pittsb’g & West’n.
2,197
2,197
+
33,8
63
180,704 Mo. Kans. & T ex.sy s..
786,647
125,544
131,529
820.510
154.224
123,729
139,648
Tol. & Ohio Cent..
+ 249,837 4,938 4,938
82,525 Mo. Pao. & Iron M t.. 2,167.000 1,867,164
73,703
82,346 | 77,853
70,729
76,671
388
388
Tol. Peo. & W est.,
+ 28,431
87,569
116.000
Central
Branch—
168,001
128,101
15S,105j
148.963
149
177,190
149
188,041
+ I ,5 i8
Toi. St. L. & K.C..
29.431
30,979
M obile & Birm ’gham .
820,007
257,172
687
687
I
238,014
250,595
+ 4 0 .7 «
233,7» 0 211,967
323,123
363.890
West. N.V. & Pa .
ivioDile & Ohio............
905»
905
125,735
100,818
+
45,1
10
(
117,766
96,270
415.204
79,018
460,314
110,422
Nash. Chat. & St. L ..
Wheel. & L. E rie..
3,860,683 3,692,022 + 168,661 2,39o 2,395
n . * .Oen. & Hud. Riv.
481
481
fi. RI 0 602 5.581.610 1 5.633.340 5.692.798 5,423,392 6.344,842 N. Y . Ont. & W est___
—569
303.726
303,157
Total •
+ 62,883 1,570 1,570
873,805
936,688
t h e ^ y e T s V t ^ h e ^ C e a k e Ohio & Southwestern, Chicago & Texas and Norfolk ,fe W e ste r n ... 1,83 i, 162 1,339.999 + 494,163 4,33u 4,367'’
Northern P acific.......
224»
224
—21,410
73,410
52.000
°n
res nere f ot^1898 and 1897 are simply the totals of the earnings for the Ohio R iver...................
211.
222
+ 6 ,6 6 3
18.328
24.991
feu? w e e k s o fth e month as reported in the weekly returns; the month’s Ohio R iver & C h a r...
earnings usually exceed the weekly estimates quite considerah y.
A pril 16, 1888. J
THE
Grots E arn ing».
M ileage
N am e o f Hoad.
1898.
1897.
CHRONICLE.
Increase m
Decrease. 1898.
1
$
$
$
Ohio R iver & L. Erie. 1
2,500
2,448
+52
Ohio Southern..
61,562
55,044
+
6,51
8
Oregon R R . & N » » ...,
573,8 56
306,566
+
267
,290
P eo. Deo. & E vansv
70.637
67,5 ’ 8
+
3,15
9
Plttsb. B esi. & L. E
83.878
42,193
+ 41,6 85
Pittsb. Lisb. & W est. |
3,978
4.20£
-2 )1
P lttsb. & W estern. .
146,598
119,564
+ 27,034
P ittsb. Clev. & T o l .,
91,187
62,729
+ 28,4 58
Pittsb. Pa. & F a ir ..
23,231 ■ 19,165
+ 4 ,0 3 6
R io G rande South’ n.
35,063
27,173
+ 7,89 0
R io Grande W estern.
255,400
181,200
+ 74,2 00
St. Jos. & Gr. Island..
94,930
99,310
—4,380
St. L. Ohio. & St. P ... |
28,675
25.064
+ 3,61 1
St. L. K en nett & S o ..
4,667
3.785
+882
St. Louis <fe 3. F ra n ..
570,238
502,675
+ 67,5 63
St. Louis South wes’n .
420.300
337,851
+ 82,4 49
St. Paul & D u lu th .. . .
118.193
105,609
+ 1 2 ,5 8 4
Santa Fe Pres.& Phx.
62,225
56,574
+ 5,65 1
San Fran. & N o.P ao..
54,582
49,494
+ 5,08 8
Sher. 8hrev.& South..
22,117
21,934
+183
So. H aven & Eastern!
2,376
1,930
+446
Southern R ailw ay...
1 ,7 99,0 8) 1,706,763
+ 92,3 26
T exas Central..........
18,884
15,116
+3,768
T exas & P acific..........
622,845
516,926
+ 105,919
T ex. 8ab. Val. & N’w . I
3,948
3,041
+ 9 )7
Tol. & Ohio C e n tra l..
139.648
128,729
+ 1 0 ,9 1 9
Tol. P eoria & West’ n.
76,671
. 70,729
+ 5,94 2
Tol. St. L. & K. City .
188,011
177,1901
+ 10,851
Un.Pao. Den. & Gulf*
246,210
195,972]
+ 50,2 38
W abash............ ........... 1,157,541
936,438 + 22 1 ,1 0 3
West. N. Y. & P e n n ..
233.700
211,967!
+ 21,7 33
W est Va. Cen. & Pitts.
104,459
»7,5481
+ 6,911
W heel. & Lake E r ie ..
110,422
79.018
+31.404
W isconsin C e n tra l...
391,993
341,994
+ 51,999
3€
266
1,065
331
228
25
227
77
61
180
550
251
ill
20
1,274
1,223
244
198
165
153
37
4,827
176
1,499
38
371
248
974
1,936
651
152
247
937
Name o f Road.
36
266
1,065
'331
183
25
227
77
61
180
251
111
20
1,162
1,223
248
198
165
153
37
4,827
176
1,499
38
371
248
451
974
1,936
651
152
247
937
c a U n& r e x l f f tto6rS 189*8 o n ly !° & 8oattw e3t0rn’ Ohio V aller and Ohiand 189*7
° £ Gatvr" u -',us- & H enaerson are e x clu d e d fo r both 1893
a F or fou r w eeks to M arch 26.
GROSS E A R N IN G S FROM JA N U A R Y 1 TO M A R C H 31.
1898.
Alabam a Gt. Southern,
444,731
Ala. N. O. & T ex. Pao.
N. O. & Northeast’ n.
367,765
Alabam a & Y icksb’ g
191,122
V icksburg Shr. & P ao
187,783
Ann Arbor
396.015
A tl. K a ox v . & STorth’n
77 991
A tlantic <fe D a n v ille ...
138,293
Balt. & o . Southwest.
1,633,52
Birmingham & A tlantic
6,722
Buif. R ooh. <fe Pittsburg,
829,339
Burl. Ced. Rap. & N o ..
963,892
Canadian P acific...........
5,216,969
Central o f G e o r g ia ....
1,458,269
Chesapeake <fe O hio___
2,817,920
Chic. & E ast’n Illinois.
1,046,740
Ohio. Great W estern ...
1,274,606
Chic. Ind. & Loui<v.__
7(>2,28 L
Chic. Mtlw. & St. P a u l..
7,672,329
Chic. P eoria & St. Louis
227,938
Ohio. R ock 1st. & P a o ..
4,0i7,8'»7
Chic. Term 'l T ranfer...
273,452
Ohio. & W est Michigan
409,577
Choc. Okla. G G ulf . . .
35 7,600
Cin. G eorg. <& Portsm ’th
12,265
Cin. N.O. & T exas Pao.
992,543
Cinn. P ortsm 'th & V a.
61,408
Cleveland Canton & So.
154,459
Olev. Cin. Chic. & St. L .
3,344.534
Peoria <&E astern . . . .
419,428
Cleve. Lorain & Wheel.
350,832
C olorado M idland..
400.599
Col. H ock. Val. & T o l..
607,132
Col. San’k y & H ocking.
183,548
Colusa & L a k e . . . . . . . . .
4,650
Denv & Rio G ra n d e ...
1,826,142
Des M oines No. & West.
120,447
Des Moines & Kan. City.
44,212
Det. Gr. Rap. <s W est...
318,470
Det. & Lima Norther a..
11 3,6(3
Oul. So. Shore <&A tl ...
358,648
E lg in Joliet & Eastern.
394,774
E vansv. <fc Indianapolis
66,992
Evansv. & Terre Haute.
275,2 19
Flint & Pere Mara uette.
718,446
Ft. Worth & Rio Gr’d e ..
113,007
Gaasden <fe A talia U n. . .
1.843
G eorgia............ ..............
447, »48
Georgia & A la b a m a ...,.
320,522
Ga. South’ n & F lorid a..
238,157
Gr. Ram ds & In d ia n a ...
480,061
Cin. Rieh.& Ft. Wayne.
93,467
Traverse C ity. . . . .
9,314
Mus. Gr. R. & In d .......
31,547
Grand Trunk_____
Chic. & Gr. Trunk
5,639,755
Det. Gr. H.
Milw
Great Nor. St. 1\ M.& M.
3,494,426
Eastern o f Minnesota,
301,313
Montana C e n t r a l.......
493,058
G u lf Beaumont & K. C.
34,518
Gulf <fe C hicago . . . . . . .
14.243
H oosac Tun. & Wilm ..
10,5 <3
Illinois Central. 1............
6,692,783
Int. & Great N orthern..
901,095
Interoceanic (M ex.» } ...
782,300
Iow a C entral...................
42-',959
Iron R a ilw a y ........ .
13,035
Kanawha
M ich ig a n ..
120,825
Kansas C. Ft. S.& M em ..
1,220,333
Kan. C ity Mem. <& B i r ..
414,762
Kansas City & N. W.......
103,0)8
Kansas City & Om aha..
66,070
Kan. City Pitts. & G ulf.
736,030
Kansas City Sub. B e lt..
1 K .3 8 5
Keokuk & W estern.......
99.2381
1897.
384,129
Increase.
Recreate,
$
60,602
338,343
29,422
157,364
36,758
1 4 8,2)0
39.493
395,377
90,638
59.923
18.066
123,743
14,550
1,444,463
189.066
5.347
1,375
739.059
90,280
935,240
33,652
4,113,963 1,103,006
1,398,922
59,347
2.730,51»
87,410
983.307
58.433
1,139,106
135,500
624,550
77,731
6,466,514 1,205.815
203,543
21,39'
3,329,136
728,669
267,998
5,454
351.059
58,518
243,233
114,367
12,231
34
815,501
1 7 7,04 )
52,263
9,125
142,809
11,650
3,173.799
170,785
402.9021
46,526
2 59,01°
91,813
387,579
13,020
524,761
82,371
176,90
6,647
3.800
850
1,435,058
391.084
96,923
23,574
37,248
6,964
279,270
39,200
39,567
74,046
315,173
43,475
27 2,422
122,352
59,061
7,931
239,363
35,846
635,039
53,407
64,941
48.066
............
2,066
426,231
"¿i", 2*17
265,666
54,856
210.828
27,329
439,735
40,3 ¿6
........
94,015
4,452
9,713
399
24,886
6,661
4,965,139
674,616
2,533,426
911,000
260,955
40.358
462.069
30,989
2 6 ,9 5 1
7,567
11.312
2,931
1 ,562
31
5,462,320 1,230,463
844,736
56.359
625,950
156,350
376,‘ »31
50,923
10,153
2,832
108.850
11,975
1,119,007
101,826
311,714
103,048
91,723
11,375
71,335
357,315
428’ 715
83.586
27,799
92.0461
7,192
1898.
1897.
T ota l (1 3 1 roads). . 47,20 ».772Ì40,959.408 + 6,24 4,3 64 101,507 100.313
* F or tnree weeks only.
Name o f Road.
739
............
.. .. ...
.... ...
........
............
3,315
Lake E rie & W estern ...
Lehigh & H udson R iver
Long Island R R ....
L os Angeles T erm inal..
Louisv. Evansv. & St.L..
Louisv. Hend. & St. L ..
Louisville & N ashville..
Macon & B irm ingham ..
M anistique......................
Memphis <fe Charleston.
Mexican C entral............
Mexican N ational....... ..
Mexican Railway J.........
M exican Southern*.......
M inneapolis & St. Louis
Minn. St. P.& S. Ste. M..
Missouri K. & T ex. sys..
Mo. P acific & Iron M t..
Central B ranch...........
Mobile & B irm ingh am ..
Mobile & O hio..................
Nash. Chatt. & St. L ___
N. Y . Cent. & Hud. Riv..
N.Y. Ontario & W est’n . .
Norfolk & W estern.........
Northern P acific.............
Ohio R iv er.......................
Ohio Riv. & C harleston.
Ohio R iver & L. E rie . . .
Ohio Southern............. .
Oregon Ry. & N avigat’ n
Peoria Deo. & E v an sv..
Pittsb. Bess. & L. E rie..
Pittsb. L isbon & West’ n
Pittsburg & W estern ....
Pittsb. Cleve. & T ol....
Pittsb. Paines. <s F ’pt.
Rio Grande S ou th ern ...
Rio Grande W estern___
3t. Jos. & Grand Island.
St. L. Chic. & St. P a u l..
St. L. K en nett & South..
St. L ouis & San F r a n .,..
St. Louis Southwestern.
St. Paul & D uluth___
Santa Fe Pres. & P h x ..
San Fran. <&N o.P acific.
Sherman S h rev e.& S o..
South H aven <fe East’n
Southern R ailw ay___ _
Texas Central........
Texas & P a cific..............
Tex. Sab. Val. & N . W ..
Toledo & Ohio C entral..
Toledo P eoria & West’ n
Tol. St. L. & Kan. City..
Union Pac. Den. & Gulf*
Wabash.............................
West. N. Y.
Pa............
Wheeling & Lake E r ie ..
W isconsin Central. ..
$
829.243
87,959
707.889
20,334
364,78«
120,112
5,393,148
16,187
24,601
399,140
3,292,169
1,495,624
968,900
152,993
460,872
828,022
2,691,481
6,210,114
318,354
107,895
1,088,150
1,358,530
10,795,422
849,889
2,728,801
4.791,547
184,298
60,361
6,800
185.374
1,540,965
212,145
191,388
11,814
350,151
214,065
52,113
104,334
695,708
300,035
83,925
17,587
1,649,948
1,355,800
317,523
177,888
1 6 5 ,0 } 2
77,950
5,515
5,184,137
72,641
1,968,386
11,497
394,099
229,476
490,474
871,628
3,052,105
665,744
32-»,875
1,087,635
1897.
Increase.
D écria a*
»
37,129
7,850
81,482
2,593
41,522
14,028
527,853
792,114
80,109
626,407
17,741
323,266
106,084
4,865,295
16,866
29,095
322,484
76,656
3,214,338
77,831
1,445,444
50,180
868,500
102,400
183,161
429,285
31,581
679,415
148,577
2,623,910
67,571
5,386,795
823,319
256.646
61,708
81,307
26,588
977,419
110,701
1,249.237
109,293
10,133,425
661,997
818.829
31,060
2,515,369
213,435
3,328,372 1,463,175
197,971
50,640
9,721
6,893
156,099
29.275
863,627
677,338
217,409
111,138
80,250
11,911
319,931
30,220
160,246
53,819
45.713
6,400
77,701
26,633
514,673
181,033
286,204
13,831
72,976
10,949
14,511
3,046
1,390,253
259,695
1,095,179
260,621
283,624
33,899
151,369
21,519
137,392
27,660
72,468
5,382
4,905
610
4,843,648
340,489
52,693
19.948
1,665,232
303,154
8,897
2,600
388,436
5,662
2 »6,972
12,504
507,810
679.104
192,024
2,634.355
417,750
6 4,197
51,547
223,343
105,532
922,612
165,023
67 0
4,494
168
13,673
93
5,264
97
1 7 ,336
T otal (136 roa d s)___ 133,447,296 115,644,767 17,343,272
45,743
N et in o r e a s e ...................
17,302,529
* For three weeks on lv in M arch.
» Includes Chesapeake & Ohio Southwestern, Ohio V alley and
C hicago Sc Texas fo r 1898 only,
t To M arch 26.
IMPORTS AMD EXPORTS FOR MARGE.
The Bureau of Statistics at Washington has this
week issued the statement of the country's foreign
trade for March, and from it and previous state
ments we have prepared the following interesting
summaries. The tables are the same as those hereto
fore given by us in our article on the Financial Situ
ation.
F o reig n T r a d e Mo v e m e n t o f t h e U n it e d s t a t e s .
In the following tables three ciphers (000) are in all oases omitted
Exports.
H e r c h ’ d ls e . $
July-Sept... 236,475
353.471
January... . 108,443
February.. .
»4,954
March...... . 114,818
Imports.
9
Excess.
$
135,957 +120,518
153,880 +199,611
30,810 +57,633
53,065 +41,883
01.508 +51,310
Exports. Imports.
Excess.
8
*
t
221,450 152.433 +69,017
339.775
»3,952
51,354 + 4 4 .6 9 »
79,831
59,238 +40,583
87.282
70,351 +10.931
844.280 498,867 +333,413
T ota l....
G o ld .
July-Sept..
Oct.-Dec...
January...
February..
M arch ...... .
»40,141
455,200 +470,961
7,587
1.5S4
14,657
1,030
rt59
13,939
1,173
371
337
572
39,722
37,872
657
545
881
-4 5 ,7 8 »
—30,698»
—18©.
—20
—312
Total......
s ilv e r .
July-Sept..
Oct.-Dec...
January . .
February..
March.......
13,517
9,255
—1,668
10,008 —14.424
5,626
—!4.969
5.422
- 4,332
30,200 -140.541
00,511 —54,99 i
10,393
79.530
—03,188
14.453
10,005
4,262
3.754
3,995
3.360 + 11,033
4,367 +11,638
541
+3,721
386
+3,308
415
+3,550
10,518
10,588
3,993
4,660
4.916
4,510 +14,038
4,050 + 14,538
878
+3,120• 763
+3,897
. 180
+4,436
40,710
8,681
Total. ...
414,469
G o ld in O r e .
July-Sept..
3
Oct.-Dec...
6
January ..
2
February...
M arci.........
70
9;099
+33,370
1,123
1,405
776
822
472
—1,122
—1,399
-774
—822
—403
81
4,600
—4,519
58
96
71
13
3
214
582
611
388
288
555
4.42«
+38,029
—524;
—515—315
-870—65»
—4,176-
THE
740
--------------- 1 8 9 7 -8 .Exports. Imports.
-5 .4 7 3
—4,785
—1,958
—1,650
—1,761
Exports.
*
228
428
157
66
24
1 5,725 —15.621
903
S ilv er in Öre.
Jnly-Sept...
Oct.-Dee....
January....
February...
M arch;..;...
5.473
4.835
1.991
1.657
1.769
50
39
7
8
104
Total..
Excess.
$
•-1896-7.
Imports.
$
4.392
4,534
1,907
1,568
1,519
13.920
FAILURES BY BRANCHES OF BUSINESS.
Excess.
$
—4.164
—4.108
—1,750
—1,502
- 1 ,4 9 5
—13.017
— Excess
Imports.
--------- -o f PPJP=
+ Excess o f exoorts*
.
W e subjoin the totals for merchandise, gold and
silver
for
the
nine months since
Nine
Mos. Exporti. Imports. Excess
E x
of
Exports ports.
$
470961
333413
70,591
87,618
338157
9,652
1
Excess
Ex
Im
of
ports. Exports ports.
%
13.596 71.111
16.636 83,000
83.583 30,544
61.826 33.937
14,582 05.287
69.906117.652
for six
First Quarter.,
Manufacturen.
1898.
No. ILiabilities.
Iron, foundries and nails..
Machinery and tools.........
Wool’ns.c’rp’ts&knitgoods
Cottons, lace and hosiery..
Lumb’r,carp’nt’rs& coop’rs
Clothing and millinery. ..
Hats, gloves and furs.......
Chemicals, drugs & paints.
Printing and engraving....
Milling and bakers............
Leather, shoes & harness
Liquors and tobacco.........
Glass, earthenware & brick
A.11 other .....................
8ILVEB
GOLD.
Mer c h a n d is e .
$
« Ï - B S 9«6,161 4 55,200
g ß - 9 7 8 « « 28' 498.807
078.241 607,650
9 4 - 9 5 ««3 ,0 4 7 5 3 5 .5 2 »
l ia - 9 4 7 0 9 328 4 8 0 871
9 « » 3 653.390 643.738
July 1
fVOL, LXV1
CHRONICLE.
$
*57.513
♦05.804
53.03»
37.888
*50.705
53,254
* Excess of imports.
.
%
43.578
47,613
45.749
33,980
39,329
31,323
Total manufacturing..,
Iraders.
xcesi General stores...................
Im Of Ex
Groceries.meats
and fish.,
ports porti
iiotels and restaurants...
i.iquors and tobacco......
«
*
Clothing and furnishing...
34,824 17,749 Dry goods and carpets......
rubbers and trunks,
£2,601 £5,01 Z Shoes,
Furniture and crockery...
£ £ , 09 1 33,652 Hardware, stoves & tools.
Drugs
and
paints...... ........
14,403 19,677
Jewelry and clocks...... ...
16,221 33,108
Books and papers.............
18,929 13,394 Hats, furs and gloves.......
A llo th e r........................
20
63
11
7
96
56
11
30
41
45
46
33
23
2l5
$ .
627,500
2.022,619
341.600
464.800
2,623,529
467,205
1P0.4< 0
1,119,109
200,367
277,72
606.588
598,637
383,270
2,586,66C
687 12,410,012
484
775
89
247
213
175
148
98
99
145
60
36
19
329
2,652,033
2,356,035
515,692
»71,972
1,694,273
1,737,642
864,94»
806,632
1,082.038
618,509
459,618
37V.5Í6,
920.454
2.418,827
1897.
No. Liabilities. No.
26
43
15
20
116
58
9
35
53
3»
52*
45
22
251
*
2,265,095
1.696,952
558,500
476,00«'
2.515,547
747,834
47,481
403,453
941,105
911,910
1,2'8,482
2,217,998
945,866
7,416,919
778 22,412,144
605 2,696,485
646 2.674.297
767.11«
100
28« 1.404,068
222 1.9-3,303
207 2,604,525
107 1,680,752
945,497
107
175 1.618 881
795.644
14»
88 1.650,862
448.530
£8
117,475
21
386 4,643,100
189«..
Liabilities.
Si
36
1«
10
146
94
16
30
11
47
52
20
232
1.414,345
1,961,404
1,351.200
905,824
4.719,449
1.125,266
383,396
788,974
1,161,426
970,02*
1,248,740
4,781,400
836 23^507,328
494
666
9
202
224
230
174
91
150
K3
103
56
.Ml
375
3A10
Total tra d in g ............ 2^917 17,470,815 8.07’ 24.046,604
81 1,549,163
7c
831 1,829,594
Brokers and transporters.
Total commercial........ 3,(87 81,710,421 3,932 48.007.911 4.031 57,426,135
51 4,751,972
24 1,697,9____ 74 12,744,650
Banking.............................
Note.—Iron, woolens and cottons include all the branches
tactures; machinery Includes Implements and tools ; 1 umber
1udes sawSil v e r .
planing, sash and door mills, carpenters and coopers; olotMDKtaotades^ilUherr
Excess and furnishings; hats include furs and gloves; chemicals include drugs, fertiliIm of Ex ters, paints and oils; printing and books include engraving and maps, milli g
E x
includes baking; leather and shoes include makers o f harness, saddlery.trucks
ports. ports. ports.
and rubber goods; liquors include tobacco, wines, brewers and beer, glass in
dudes earthenware, pottery, brick, lime and cement; FJ^ceries in c lu d e m e «•
and fish; hotels include restaurants; drygoods include carpets and curtains,
1 * 0 « 6,788 5,276 furniture includes crockery; hardware Includes stoves and cools, and jewel y
13,820 7.115 6,705 Includes clocks and watches. Brokers include ail real estate,. note, IMurdnce
or produce dealers whose main business is not the handling of actual products^
15,473 8,114 7,359 with mortgage and other loan concerns, and transporters include all except in
1 0,617 4,481 6,136 corporated railway companies
________________ ____________ _______ ___
8,477
l«,5 4 6 4,06
Similar totals for the three months since January 1,
make the following exhibit.
Go l d .
Merchandise .
Three
Excess
Mos. Exports. Imports. Excess E x
Im
of
of
Exports ports. ports. Exports
$
1 8 9 8 310,21s 1 6 5 382
1 8 9 7 «6 1 .0 5 6 186.94»
1 8 9 0 «4 0 ,2 47 197.582
1 8 9 5 303.374 1 9 5 ,1 5
1 8 9 4 «1 6 ,4 2 7 165,475
1 8 9 3 . 193.977 «31,482
* Excess o f imports.
$
$
150833 4,418 43,317 *38,899
74.L13 1,870 3,212 *1,842
42,665 13,164 33,903 *9,799
7,215 30,905 14.367 1 6 ,(3 8
4,438
50.952 8.517 4.079
*37.455 34.951 8.407 36.544 10.273
8,241
2.0S2
© o m r a e u c i a l H t x c jI t s ix lJ e w s
[From onr own correspondent.]
In these tables of totals gold and silver in ore for
L ondon , Saturday, April 2, 1898.
all fiscal and calendar years except 1892-93 are given
President M cKinley’s message sent to Congress with the
under the heads respectively of gold and silver; for Maine report has made a most favorable impression through
1892-93 both are included in the merchandise figures. out Europe and has given rise to the hope that war with Spain
The following shows the merchandise balance for would be avoided. There has been a very considerable re
each year back to 1875,
EXCESS OF MERCHANDISE IMPORTS OR EXPORTS.
.
3 months en d in g Mar. 31—
9 m onths en d in g Mar. 31—
1875
..... E xports.
$536,917 1875 ............... E xports. $1,695,570
1 8 76
..... E xports. 60,200,205 1 8 76 ...............E xports. 30,620,507
....... E xports. 41,520,311
1877
......E xports.154.775,992 1877
.....E xports.101,155,003
1878
..... E xports.203,114,701 1 8 78
18
79
.......E xports. 7 ’ ,647,006
1879
..... E x ports.22 9,27 2,061
.......E xports. 22,561,873
1880
..... E xports.159,082,291 1 8 80
18
81
.......E xports. 73,128,038
1 8 81
.......E xports.234,840,790 i
....... E xports.
245,495
1 8 82
..... E xports. 65,094,218 j 1882
1
8
83
.......E xports. 50,834,993
1 8 83
..... E x p o rts.105,410,462
.......E xports. 21,102,333
1 8 84 ............... E x ports 83,222,414 1884
1885
..... E xports.15 7,994,856 1 5 85................. E xports. 48,646,123
.......E xports.
553,978
1 8 86
..... E x p orts. 44,513,454 1 8 86
1887
...... E xports. 17,626,656
1 8 87
........................E x p o r ts . 68,580,226
1 8 88
...... Im ports. 17,925,2 9
1 8 88
........................E x p o r ts . 15,647,454
...... E xports. 5,623,324
1 8 89
..... E xports. 33,548,303 1 8 89
...... E xports. 24,662,466
1 8 90
... .E xports.111,902,104 1 8 9 0
...... E xports. 26,905,566
1 8 9 1 ..
. ... E xports. 79,731,751 1 8 9 1
1
8
92
......E xports. 53,932,922
1892
..... E xports.209,? 83,096
......Im ports. 37,454,805
1893 ........... ...E x p o rts. 9,652,488 1 8 93
1
8
94
......E xports. 50,951,614
1894. - ............E x p orts.22 8,457,354
......E xports. 7,215,171
1 8 9 5 ..
. ... E xports. 87,518,406 1 8 95
. ...E x p o r ts . 42,664,737
1
8
9
6
1896. .1.......... E xports. 70,590,561
1 8 9 7 .. ............E x p orts.323,413,622 1 8 9 7 .............E xports. 74,112,357
1
8
98...............
E xports.150,832,678
1 8 9 8 ..
. ... E x p orts.470,961,693
F a i l u r e s f o r F i r s t Q u a r t e r of 1898.—The following fig.
ures, prepared from Messrs. R. G. Dun & Co’s, statement
show the number of failures in the United States and Canada
during tlie quarter ending March 81, 1898. For purposes of
comparison like figures for the corresponding periods of the
preceding year are g iv e n :
*"‘2
—Quarter ending—
,— Quarter ending—
March 31, 1897.
March 3 1 ,1 8 9 «.
Am ount o f
Amount o f No. o f
No. o f
Liabilities.
Liabilities.
Failures.
States and Ter>itories. Failures.
4 61
$4,555,288
N ew England S tates............ 526
$b ,539,044
17,419,354
977
M iddle States.......................... 750
9 ,^ 2 ,2 6 4
732
8.169.457
Southern States..................... 6 /8
2,949,385
320
Southwestern States....... .
298
1.819,395
704
9,934,660
Central S t a t e s ..................••• 737
5.565,683
390
3,196,309
W estern S ta te s .... .............. 348
2,08^,849
318
1.784.458
Paeiüo States and T e rr ito ri.
3oO
2 ,187,469
covery on the Stock Exchange, not only in American but in
most other securities in consequence. The general impres
sion before Saturday, at all events in London, was that the
fall upon the Stock Exchange had been brought about by
large selling of alarmed bulls and of tbe more timid kind o f
investors. It was not thought probable that a large bear ac
count had been opened. On Saturday tbe fortnightly set
tlement in mining shares, and on Monday the settlement
in other shares, began. On both days it very soon became
evident that there was a much larger hear account open than
had been supposed, and that at once alarmed the bears and
gave epurage to the bulls.
The bear selling was by no means confined to Am ericans.
Alm ost every kind of security had been knocked down, and
there has been a corresponding recovery in almost every mar
ket since. O n Thursday the recovery was damped by m uch
selling from Paris. The m onthly settlement on the Paris
Bourse began on Friday morning, and the day before was
what is called “ option day.” Most of those who had bought
options did not exercise the right to call, and the selling in
consequence was very heavy. Moreover, the proposed regu
lations of the Bourse bears heavily upon the outside m arket,
or Coulisse, as it is called, and the Coulissiers in their disap
pointment and dissatisfaction have joined in bear operations,
while of course the condition of Spanish finance is almost
desperate, and naturally the Paris market is apprehensive on
that score.
The future, however, largely depends upon
whether there is to be war or peace.
It is now an ascertained fact that China has leased Port
Arthur and Tal ien-wan to Russia, and given her the right
to build railways through Manchuria. But no quarrel be
tween this country and Russia is beiieved iu. Alm ost every
where it is taken for granted that the British Government is
A ggregate U nited S ta te s ...3,687
$31,710,421 3,932 $48,007,911
about to acquire corresponding concessions from China, and
D om inion o f C a n a d a ........
423
$2,941,067
674
$5,185,000 that good relations will be maintained with Russia, France
and Germany. M. Hanotaux, the French Foreign Minister,
has openly stated nearly as much, and he laid mnch stress
W -F A IL U R E S B Y BRAN CH ES OF T R A D E .Z
¡¡¡4W e take from D un’s Review the following statem ent upon the fact that Great Britain, France and Russia are
showing the failures in the U nited States by branches of heartily co-operating in Crete.
The British House of Commons has’passed the bill authoriz
trade for the quarter ending March 81 in each of the last
ing the Government to guarantee j the Greek loan. There is
three years.
w — ¿1
-*
A pril 16, 1898. J
TH E
CHRONICLE.
n o doubt felt that the French Assembly w ill do the sam e;
and Russia is ready to give her guaranty when the other
Powers are prepared. In Macedonia it is now believed that
there w ill be no rising this spring. A little while ago there
was much apprehension, but the Turkish Gover nment has
largely strengthened the garrison of the Province, and the
Turkish forces in European Turkey are so formidable that it
is not at all likely that Bulgaria will raise a disturbance, espec
ially as Prince Ferdinand has reconciled himself with the A u s
trian Government. The W e st African question, M. Hanotaux
stated at the beginning of the week, is making fair progress
and w ill be settled amicably. Every day news is expected of
a decisive battle with the Dervishes in the Soudan.
In India it looks as if all the frontier tribes were submitting,
and that no further military operations would be necessary.
In the meantime the country is recovering with wonderful
quickness from the effects of the famine and the plague.
B ut unfortunately the plague continues in Bombay. The
exports from Burmah and Kurracchee are very large, and
generally trade is active. But the exports from Bombay are
greatly interfered with by the plague. The news from A r
gentina and Uruguay is good, but matters are still very bad
in Brazil. And unfortunately the relations between Chili
and Argentina have again become very strained. It w ill be
recollected that the frontier dispute was referred to arbitra
tion to the Queen, and it is expected that the original ar
rangement will be maintained and the arbitration carried
out. Still, both Chili and Argentina are making military
and naval preparations.
Trade at home continues good in spite of al\ political ap
prehensions, and there is still reason to hope that if those
apprehensions were to abate there would be a very great in
crease in activity.
A considerable amount of gold has been withdrawn from
the Bank of England this week for shipment to N ew York.
There was some expectation that the Directors of the Bank
o f England might raise their rate of discount to 4 per cent
on Thursday, but they decided not to do so. The impression
here is that the very large withdrawals of deposits from the
N ew York Associated Banks that have been going on so long
is partly at least due to the desire of the banks in the interior
to strengthen themselves against all contingencies, and that
the withdrawals would cease, or at all events become greatly
reduced in volume, if peace were assured. It is hoped, there, fore, that the withdrawals will become small, and that con
sequently the shipments of gold will come to an end. If, on
the contrary, they continue, the Bank rate w ill almost cer
tainly be put up, although the time is not very favorable.
On Tuesday morning next the interest on the national debt
w ill be paid, and other moneys on account of interest and
dividends will come out during the week, so that the addi
tions made to the supplies in the open market will be
large, while for the moment the Bank has lost con
trol of the outside market, and could not, therefore,
easily make effective a 4 per cent rate.
But if April
can be tided over without the loss of much gold the
Bank w ill again get control of the market early in May.
In the first place the Bank holds a very large amount of
bills which w ill fall due in May, and if the Bank does not
renew them it will receive very large payments from the
outside market. In the second place the Chinese Govern
ment will pay the indemnity to Japan early in May, and the
indemnity money will go into the Bank of England. For
these two reasons alone the Bank of England will get com
plete control of the outside market. From the middle of
April until the middle of M ay there will moreover be a con
siderable outflow of coin and notes to Scotland and Ireland.
A n d thus it is probable that money will become scarce and
dear, even if gold shipments cease altogether.
For the
moment gold is not going except to N ew York. The Russian
demand has quite ceased; so has the German; and small
amounts of Austrian gold are coming back from Vienna,
while there are also occasional receipts of Japanese gold.
On the other hand, the British Government is about to
appoint a Commission to inquire into the best means of estab
lishing a gold standard in India, the idea being* that the
Indian Government could establish such a standard without
a gold currency provided it held 10 or 1?» millions sterling in
gold. There is a possibility, therefore, that before very long
the Indian Government may raise a considerable gold loan
for the purpose of establishing a gold standard.
.For all these reasons it looks as if the rates of interest and
discount will be well maintained throughout the summer,
even if they do not advance considerably.
There is no change to report in the Indian money market.
A s stated above, the exports of rice from Burmah and wheat
from Kurracchee are very large. Consequently, there con
tinues a good demand for monev to move the crops. The
Bank rate in Bombay remains 13 per cent, that in Bengal 12
percent. In the interior rates are excessively high, 15 to 20
741
per cent, and in some cases even more being charged. T h e
probability seeme to be that rates will remain as high f o r
some time yet. But in the course of A pril there ought to be
an easier tendency, and in M ay, if not sooner, we m ay ex
pect to see a considerable decline in rates. In June the ex
port season will practically be at an end, as the monsoons
ought then to set in.
For the financial year ended on Thursday night the total
revenue received slightly exceeded 116 millions sterlin g o f
which £9,402,000 were paid over to the local authorities°and
£106,614,000 were retained in the Treasury. These receipts
are unprecedented, and give the most striking proof of the
extraordinary prosperity of the country ju st now. Compared
with the preceding year the revenue retained in the Treasury
shows an increase of £2,664,000, and compared with the esti
mates of the Chancellor of the Exchequer last April, there is
an increase of over
millions sterling. The Government
expenditure amounts to somewhat under 103 millions sterling
and the surplus is somewat over £3,650,000.
The follow ing return shows the position o f the Bank of
England, the Bank rate of discount, the price o f oonsols,
fco., compared w ith the last three years:
1898.
Mar. 80.
£
1897.
1896.
1896.
Mar. 31.
£
Apr. 1.
£
Apr. 3.
£
Jlr eolation.. . , . .
.
27,601,685 27,256,305 26,733,230 26,123,76.
la b ile d e p o s its ........... .............
19,615,529 16.150,425 17,211,199
10,956,12*
Other deposits........................ .
86,812,728 33,550,158 45,327,128 31,995.54*
tovernm ent secu rities............ 14,208,978 14,372,883 15,214,563 12,467,73®
Other securities .....................
89,038,187 29,942,159 29,510,418 20,426,749
Reserve o f notes and ooln
21,662,363 28,886,150 37,129,465 28,420,255
C oin * bullion, b oth depart’ts. 32.464,018 39,342,455 47,082,695 87,744,000
Prop.reserve toliabilltles.p.o.
38 5-16
5211-16
62)4
6515-16
Sank r a t e ..................p e rce n t.
3
3
2
2
Consols, 294 per c e n t . . . . .........
HIM
109 11-16
i n 94
104 «
S ilv e r .....................................
25 ll-16 d
28 5-16d
Sl)4d.
30d.
Clearing-House return*........ 170,668.000 168,121,000 176,121,000
179,6lO.OOo
The rates for m oney have been as fo llo w s:
interest allowed
for deposits by
Open Market Hatee.
«
Bank Bills.
Trade Bille.
Disc’t W ee
London. 05
Joint
«
<s Three Four
Sto
Three Four
Six
Stock A t 7 to 14
CO Months Monthe Months Months Months Monthe Banke. Call. Baye.
Mar. 4 3
2«
3
2
3
3 @8)4 1)4
294 m m i
*
“
11 3
t
2«
2
3U
3)4
3)4
2«;
1)4
44 18 3 2«@3 234@3
2«
2
3)4
8«
8)4
1)4
2)4
♦
♦
“ . 26 3
*
3«
2
3)4
8)4
2)4
1)4
Apr. 1 3
3
2«
2«
8«
8)4 8)4@3)4 1)4
2
2)4
* 2 16-16@3
* 2«@16-16
S3@3 1-16
The Bank rate of discount and open market rates at thb
chief Continental cities have been as follows:
Apr. 1.
Interest at
Bank
Bate
Paris................
B ,rlln..............
H tmburg...... .
P ankfort.......
A nsterdam....
B -ussels.........
Vienna............
3 Petersburg.
Madrid............
Copenhagen...
2
3
3
8
3
3
4
6)4
5
4
Mar. 25.
Mar. 18.
Mar. 11.
Open Bank Open Bank Open Bank
Market Bate. Market Bate. Market Bate.
2
3
3
8
3
3
4
5)4
6
4
m
294
294
2«
2«
134
3«
494
4
4
1«
294
294
294
294
134
894
494
4
4
2
3
3
3
3
8
4
5)4
5
4
2
8
" 1«
294
234
234
2)4
2
394
5
4
4
3
3
3
3
4
5)4
6
4
Open
Market
194^
294
294
294
294
2
8)4
5
4
4
The quotations for bullion are reported as follow s:
Gold.
London Standard,.
M ar.
31.
8ar gold, fin e___ oz.
3ar gold, parting.oz.
CT.S. gold o o in ...o z .
Germ’ n g old ooin.oz.
French g old ooin.oz.
Japanese y e n ....o z .
*. d.
7711
77 111*
76 7*2
76 5
76 5
76 6
M ar.
2*.
s.
77
77
76
76
76
76
Sil v e r .
London Standard.
d.
11
B ar silver, fin e ...o z .
11% B ar silver, oon tain ’g
7%
do 5 grs. gold .oz.
5
d o 4 grs. g o ld .oz.
5
d o 3 grs. g o ld .o z .
5% Cake s ilv e r .. ....o z .
M exican d ollars.oz.
M ar.
31.
M ar.
2 4.
d.
d.
25U i 6 261x6
263x6 2f®is
26
26%
25 l3 ,e 263-xg
2711,6 28%
25%
26
Messrs. Pixley & A b ell w rite as follow s under date of
March 3 1 :
Gold—-The p rices now offered are rather in advance o f those recen tly ‘
quoted, in consequence o f the increased A m erican demand. In addi
tion to open m arket arrivals, w h ich have alm ost w ithout ex cep tion
been sent to New Y ork , £4 86 ,0 0 0 has been taken from the Bank, in
Eagles. The arrivals at the Bank total £1 55,0 00, chiefly in Sover
eigns fro m Austria. A rriv a ls: Australia, £257,000; Straits, £3 ,000;
C apetow n, £3 74,0 00; Japan, £1 72,0 00; total, £8 06,0 00. Shipments
25th M arch: B om bay, £62,50 0; C alcutta, £2 0,00 0; total, £82,500.
S ilver—The im provem en t noted last w eek did n ot last, and under
th« pressure o f sales and an entire absence o f Indian orders the p rice
fell the fo llow in g day to 25») <d. A sm all recov ery has since taken
place, and the m arket closes steady. The last Bom bay price is Rs. 67.
A r riv a ls: N ew Y ork, $155,000. Shipm ents: B om bay, £L 73,600;
Calcutta, £6 0 .0 0 0 ; total, £233,600.
M ex ican D ollars—These coin rem ain nom inal, w ith no business.
The follow ing shows the imports of cereal produce in to
the U nited K ingdom during thirty weeks of the season :
IMPORTS.
1897-8.
1806-7.
1895-6.
Im ports ofw h eat,cw t.36,356,610 40.530.930 38,123.660
Barley............................. 13,467,494 15,473,060 15,438,240
Oats................................. 9,034,610 10,341,500
7.843,580
Peas....... ........... .
1,63"’ ,380
2,098.840
1,696,960
B ea n s............................. 1,747,130
1,845.150
2,148.542
Indian c o rn ................... 28,183,960 35,833,830 27,731,700
Flour............................... 12,801,680 13,439,330 12,837,480
1894-5
39,132,598
17,605,77*
7,970,967
1,453,539
2.637,132
15,285 31 *
11,661,270
TH E
'*742
Supplies available for consumption (exclusive of stocks on
September 1):
1894-5.
1895-6.
1897-8.
W heat Im ported, ow t.36.356,610
Im ports o f flou r.........! 2 , 801,680
Sales o f h o m e -g r o w n . 17 ,161,540
1896-7.
40,530,930
13,439,330
16,017,462
[V O L . L X V I .
CHRONICLE.
39,132,596
11,661,270
13,771,020
New Y ork City C learing House B an k s.— Statement of con
dition for the week ending April 9, based on averages of
daily results. W e omit two ciphers COO) m all cases.
Capitali Surpl’ s L oans. \Specie. L egats. IDeposits
B anks.
$1,867,4 $13,840,0 $3,300,0 $1,630,0 $15,110,0
Bank of New Tork.
2.388.0 18.912.0
2,050,0 2,100,8 14,596,0 4.947.0
Manhattan Co........
1.470.4 14.146.6
2.763.4
64,564,886 Merchants’ — .....
2.000.0 1,031,9
I 11.509.2
9.073.0
736.0
2.159.0
9.489.0
T o ta l................. ...6 6 ,3 1 9 ,8 3 9 69,987,722 60,685,748
1.981.8
2.000.
0
Mechanics’ . . . . . . . . .
1894-5.
1.833.4 22.364.2
3.972.5
19.403.3
1895-6.
2.597.2
1,500,0
1896-7.
1897-8.
America.................
3.604.0
655.0
413.0
20s. 0 4 3.746.0
236.3
24s. 101.
1,000,0
27s. 9d.
Phenix....................
4.145.1 77.738.1
A ver, p r ic e wheat, week. 35a. 4d.
55.325.7 23,549,4
19s. 9 d
25s. Id .
29s. 2d.
C ity......................... 1,000,0 3.867.3
3.347.8
250.1
A vera ge p rice, season ..3 4s. Id .
476.7
3,394,7
113.3
750.0
Tradesmen’ s ..........
2.589.2 26.605.3
300.0 6.988.4 24.169.8 6,971,3
Chemical................
5.403.0
373.9
1.003.2
4.776.9
163.9
E n a l i s h F i n a n c i a l T I a r k e t s —P e r C a b l e .
600.0
Merchants’ Exch’ ge
5.935.4
930.0
936,2
7.107.6
a aliatin..............-—- 1,000,0 1.710.4
1.329.6
145.0
317.1
1.112.7
165.7
300.0
The daily closing qnotations for securities, etc., at London Butchers’ & Drov’rs’
173.0 2.205.0
403.0
2.063.0
228,5
400.0
856.2
198.2
^ r e n t e d by cable as follows for the week ending Apr. 15 ■ Mechanics’ * Trad’ s’
102.1
906,0
163.4
200.0
Greenwich...............
3,088,3
411.9
581.7
8.249.7
477.9
600,0
Leather Manufao’rs
2.300.6
110.1
525.6
1.880.1
99,1
n
n m ................
300,0
Fri.
Wed. Thurs.
Seventh—
........ ..
238,6 2.762.5
342.6
Sat.
Mon. \ Tues.
3.584.3
495.7
L on d on .
Ita teof New York..I 1,200,0
2,181,0 19.789.0
2.993.0
American Exchange 5,000,0 2.585.9 25.452.0
20.056.6
25*8
1.493.0
2515x6
3.768.3
26
25.076.2
».000,0 3.527.5
S ilver, p er o u n c e .. . . - d. 253x6 2513ie 25*8 1 10 k n o k
5.314.8
201.9
llO lix e Commerce................
5.978.8 1.070.5
....... ;.! n o * 8
Broadway................. 1,000,0 1.565.8
9.951.1
Consols., new , 2% p.ots.
1.249.3
1.576.8
110*8
9.022.3
110*1»
11013,6
1.005.8
u n ie
Mercantile............... bOOO.O
3.052.7
422.5
F or a c c o u n t ...........
724.8
2.396.8
0
2
-6
2
k
465.4
. . . . 03 02ia 102-75 02-47k
422,7
Pacific......................
535.6 17.389.0
F r’ch rentes (InParislfr. 103-10
15.334.2 3.826.0
I
l
k
836.0
I
l
k
I
l
k
Republic..................
l.fOO.O
6.006.6
u *8
771.8
821,1
6.990.4
A toh. T op. & Santa F e .
980.3
26k
25k
26
Chatham ................
450,0
2.267.1
:
26\
227.8
272.6
2.023.0
Do
do
pref.
250.8
82
82k
People’ s ...................
200,0
82k
754.2 11,481,8
:
83H
2.104.8
10.012.9
551.5
Canadian P a ciflo ...
1938
North A m erica.........
700,0
32.241.7
18*8
2,864,7
19
7.399.7
24.062.4
:
1938
Chesapeake & Ohio
Hanover.................. 1.000,0 2.219.6
3.574.0
91k
452.9
90k
65i;o
91k
3.236.0
;
93k
348.8
Ohio. M ilw. <fe St. P aul.
Irvin g .....................
500,0
44
160,0 2,602,5
505,5
43k
45
2.375.0
377.1
:
45
Citizens’ ...................
600,0
D env. & B io G r., p r e f ..
2.992.2
389.2
123s
448.8
123s
2.433.0
264.3
12«8
:
I 12*8
Wassail...............
oOO,o
6.719.0
619.8
Erie. c o m m o n ................
6,381,6 1.052.7
33k
33
998.1
33k
1 I 34k
Market & Fnlton...
900,0
4.063.2
252.9
1st p re fe rr e d ..............
857.7
3.571.3
102
163.7
101k
102k
103
Shoe
*
Leather......
1,000,0
10.251.7
1.607.0
1.161.6
8.944.4
Illinois C entral..............
185k
186
Com Exchange...... 1,000,0 1,314,0
186
6.022.1
387.2
1.154.0
5.167.0
221.1
L ake S h o r e ....... v - - ---'
50%*
4938
Continental.............. 1,000,0
50
1.884.0
452.3
52k
135.3
1.846.3
406.3
L ouisville & N ashville.
65k
Oriental .............
§00,C
65k
24.020.0
! 6534
1.845.0
66
6.351.0
5.587.5 22.298.0
M exican Central, 4s ..
Importers’ * Trad’rs 1,500,
10*8
3.394.0 44.370.0
10k
I
l
k
10,371,0
I
l
k
34.960.0
3.240.5
Park
.................... 2,000,1
Mo. Kan. & T ex ., com ..
I,
128.3
232.0
1,266,2
1 1 4 k 112k 1 1 3 k
115
148.4
250,1
East River...............
N. Y . Cent’l & H udson.
4.504.3 21.676.8
14*8
14k
15
2.033.6 18.086.3 3,955,6
15k
N. Y . Ontario & W est’ n
486.0 11.260.0
2.193.0
9.154.0
47
45k
488,2
4
6
k
47k
6.696.0
649.0
N orfolk & W est’n, pref.
5.591.0 1.257.0
24
695.0
22 k
23 k
24k
3.148.0
226.0
Northern Paciflo, c o m ..
407.0
3.145.0
281.8
63 k
62k
63
Ninth.......................
*50,
64k
28.746.2
950.8
4.802.5
80.485.5
P refe rre d .....................
7.557.6
58k
57k
First........................
500,
1,266,9
5
8
k
5
8
k
95,7
246.3
1.362.3
P en n sy lv a n ia............. . .
66,9
838
N. Y. Nat’l Exch’ge.
300,
3.413.0
8k
8k
309.6
8k
534.4
3.122.0
618,8
Phila. & B ead., per sh..
Bowery............ •
¿ao,u
3.935.8
19 k
19k
342.7
2
0
k
685.5
2
0
k
3.171.3
420.6
Phil. & Bead., 1st p ref.
New
York
County..
200,0
2.604.8
1
0
k
422.9
10k
310.6
10k
2.741.4
io k
285.7
German American..
750,0
Phil. & B ead., 2d p re f.
3,706,5 30.307.2
8k
8.268.5
8
20.590.2
8
1,068,3
8
k
South’ n B ailw ay, c o m .
.
Chase......................
9.654.3
989.5
2.069.8
2
7
k
7.692.1
26
26k
27k
Fifth Avenue...........
100,0 1,113,8
3.064.3
P referred ............. .
682.8
164.2
2,349,3
20*8
570.7
19 k
20k
20k
German Exchange..
200,0
4.495.4
705.9
576.2
U nion P a c ific .. . . . - - 3.345.8
543a
711.4
52k
5
3
k
Germania.................
200,0
55
k
7.060.6
324.6
1.441.0
Do
new p r e f ..
6.478.2
690.8
15*8
15k
16
Lincoln....................... 300,0
6.176.3
16k
324.1
1,281,4
6.197.0
W abash, p referred .......
827.1
Garfield...................
200,0
2.276.5
156.2
483.4
1.855.9
307.9
Fifth..........................
200,0
6.306.7
755,8
5.069.2 1.055.0
816,8
ffio m m c m c ia X a u a i U l s c e i l a u e o n s l i m s
Bank of the Metrop.
300,0
2.511.0
326.0
379.0
2.289.0
341.1
West Side................
200,0
10,555,0
671.0
2.694.0
8.034.0
335.5
seaboard.................
500,0
1.493.0
132.0
239.0
1.778.0
342.2
200,0
I m p o r t s a n d E x p o r t s f o r t h e W e e k .— The follow ing are gtsth.........................
2.766.1 27,608,4
648,7 23.758.2 4.416.6
Western..................
5.260.0
918.0
502.5
5.155.0
946.9
the imports at N ew York for the week ending for d rygoods First Nat. B’kly n ...
300,0
518.2 I I ,
847.6 11.086.3 2.474.1
3.235.4
April 7 a n d for the week ending for general merchandise Nat. Union B ank... 1,200,0
202,5
598.2
3.101.5
302.6
Liberty....................
500,0
3.363.2
66,1
3.577.2 1,071,0
314.6
April 8 also totals since the beginning of the first week N. Y. Prod. Exch’ ge. 1,000,0
2.825.1
118.1
629,2
2,585,8
277,5
Bk.of N. Amsterdam
250,0
In January.
im p o s t s a t n e w y o b k .
669,836,
T o ta l.................... 159,022.7 74,259.1 587,783,3 1429777) 59,518,7
F or week.
1898.
1897.
38,123,660
12,837,480
9,724,608
1896.
—
1895
D ry g o o d s-----G e n i m er’dise
$2,449,016
7,681,953
$3,875,184
8,899,339
$2,388,283
6,830,472
$3,134,187
7,817,794
T o t a l.........
Since Jan. 1.
Dry g o o d s.......
G e n i m er’ dlse
$10,130,969
$12,774,523
$9,218,755
$10,951,981
$32,946,534
93,372,538
$36,343,565
101,168,021
$42,585,648
97,013,511
$47,836,917
97,442,090
R eports o f N o n - X e m b e r B an k s.— The follow ing is the
BANKS.
(00s omitted.)
Capi
tal.
Deposit, with
Net
Leç. T
Loans âc
De
Sur Invest Specie. <fc B ’k Clear’g Other posits.
Notes. Agent. Bks.Scc
plus. ments.
$
$
$
$
$
N e w Y o r k Ci t y .
38.4 207.9 109,1 2,694,6
Astor Place........... 250.0 355.6 2.489.2 188.5 60.4
850,9
153.6
7.7
100.0 48.6 699,9
C olon ia l...... ...
1.887.0
110,0 248.0
Columbia............... 300.0 185.8 1.793.0 100,7
1,396,9
112.6 1.134.6 66,4 80,1 218.9
908.5
specie) from the port of N ew Y ork to foreign ports for the Eleventh W ard.... 100.0
194.0
Fourteenth Street. 100,0 44.1 671.0 15,1 08,6
450.0
95.0
18,0
91.0
468.0
9,3
week ending April 11 and from January 1 to date:
Franklin National. 200,0
528,2
63.4
4,9
7,9 42.4
Gansevoort........... 200,0 24.3 684.3 62.1
1.364.2
103,8
105.3
1.271.7
EXPORTS PROM NEW YORK FOR THE WEEK.
94.5
200,0
Hamilton........ ...
1.564.3
171.2
70.5
238.5
2.061.2
Hide * Leath. Nat. 500.0 140.2
586.8
22,8
477.2 88.9 54.5 67.2
Home. ................... 100.0 81,8 1.133.0
1895.
1896.
1.187.0
1897.
1898.
25.0 70.0 228.0
Hudson R iver....... 200,0 186.8
1.696.0
103,3
104.7
85,9
75.2
Mount Morris....... 250.0 82,0 1,426,9
1,025,5
$7,553,987 Mutual................... 200.0 94.7 878,5 17.3 153,9 171.7 134,1
$7,138,554
$7,143,876
$8,224,413
825.0
F or the w eek ..
8,2
120,0 107.0
88,135,283 Nineteenth Ward. 100,0 22.3 600.0 24.0 141.3
98,869,436
99,970,091
1.280.1
151.2
P rev. reported 124,440,214
16,6
Plaza..................... 100,0 105.7 1,185,6
741.5
63.4
36.4
5.7
771.4
94.3
100,0
Riverside...............
269.9
3
14.9 31.1 49.9
T ota l 14 weeks $132,664,627 $107,113,967 $106,007,990 $95,689,270 Standard National. 200,0 30.7 498.5
1.639.0
104,0
111.0
State....................... 100,0 65.0 1.436.0 56.0 28,0 103.5 109,9 1.444.0
The follow ing table shows the exports and imports of Twelfth W ard...... 200,0 148.7 1.119.4 26,8 99.0
851,7
59.1 102,2
100,0 42.8 673.7 23.9 87.4 167.4
2.373.8
specie at the port of N ew Y ork for the week ending April 9 Twenty-third W ’d. 200,0
269.9 ,102,5 49.9 168.3
Union Square........
1.196.0
and since January 1, 1898, and for the corresponding periods Yorkville — ......... 100,0 114.5 ,129,2 99.3 70.0 119.0
1.040.8
100 962.5 89.4 170.3 119.1
Astor Nat’l Bank.. 300.0
in 1897 and 1896.
Brooklyn.
1.067.3
85.0
81,0
33.3
29.2
965.8
110.3
EXPORTS AND IMPORTS OP SPECIE AT NEW YORK.
Bedford.............. — 150.0
1.289.3
,165,5 21.3 110,8 148.6
Broadway.............. 100.0 115.7 .,243,0
64.1 174.0 174,1 1.420.0
53.3
165.3
300.0
Im
ports.
Exports.
Brooklyn.............. .
241.1
2,8
60.7
19,8
12.3
283.3
Eighth W ard........ 100.0 81.0 550.2 25.0 23.7 56.3
528.3
38.1
Gold.
51.2
100,0
Week.
Since J a n .1. Fifth Avenue
892.4
Since Jan. 1.
110.7
Week.
37.1
54.9
991.9
180.9
200,0
F ulton...................
585.9
82.1
25.5
34.4
605.0
County,...... 150.0 78.9 2.159.4
2.927.2
$200 $2,480,769 $13,196,112 Kings
212,2 223.0 738.3
397.1
252.0
G reat B ritain ..........
Mannfact’rs’ Nat’l
2.223.4
123.3 185.6
94.0
108,080
11,023,450
2.297.5
426.9
500.0
F ra n ce .......................
...
866.4
15.2
31.6 105.6
1,124,629
9,462,108 Mechanics.......
Meoh’ s’ & Tradr’ s 100.0 189.2 911.1 38.9
G erm a n y .................
53,0 3.959.0
5,188
795,181 Nassau National.. 300.0 562.9 3.529.0 230.0 184.0 750.0
$6,800 3,752,585
2.826.0
W est I n d ie s .............
127.0
515.0
337.0
85.0
2.226.0
539.7
2,385
30,181 National City........ 300.0
M e x ic o ......................
10,2 48.8 102.5 83.3 1,280,0
6,206
200,195 North Side............ 100.0 108,1 1.243.5
95,942
903.0
71,8
South A m erica.......
100,0 106,0 785.5 46.4 32.0 91.1 169.0
People’s..................
3,791
2.255.8
90,077
292
252 1 361.1
166,6
1,492,2
AH other cou n tries.
Queens Co. (L.I.C.) 100,0 117.6
496.2
18.2 92,0
100,0 58,8 497.1 29.8
384.2
7,5 33.7 111.3
$6,800 $3,849,019 $3,731,046 $34,797,304 Schermerhom......
100,0 66.2 404.6
T ota l 1898.......
Seventeenth
Ward
1.035.0
11,0
285.0
14.0
93.4
1,102,212
18,651
1,060,321
1.076.5
2,000
T ota l 1897.......
Sprague National.. 200,0 206.9
420.3
18.3 37.3 102.4
350.6
7.9
51,2
595,770
17,947,740
100,0
14,412,018
1,634,808
Twenty-sixth W ’d.
T otal 1896.......
251.5
50,0
8,3 16.7 30,6
Union...
........ 100,0 48.1 285.3
497.4
9,7
34.9 98.2
Im ports.
Exports.
Wallabout.............. 100,0 31.5 466.6 15.4
O t h e r Cit ie s .
Silver.
4.228.1
498.5
396.4
232.1
162.0
3.859.9
718,1
400.0
Week.
Since Jan. 1. 1st Nat., Jer. City.
Since Jan. 1.
Week.
511,0 2.105.6 89.5 53.7 172.9 238.1 2.014.3
Hud. Co. Nat. J. C. 250.0
1.332.4
250,r 375.9 1.576.9 60.9 63.4 221.1
$3,569
$4,117
2d
Nat.,
Jer.
City..
954.6
$10,900,1631
Is935,350
57.5 144.0 199.2
876.6 31,
G reat B rita in ...........
200.1 172.8
3d
N
a
t,
Jer.
City..
1.422.8
22,232
449,000
182.6
28,000
110.1 405.6 1,498,8 90.9 36.8 111.1
F ra n c e .......................
773.0
96,5
529 1st Nat., Hoboken 125.1
58,9
25.2
410
725.3
79.2
39,
f
G e r m a n y .................
494.2
7
123,479 2d Nat., Hoboken. 25,1 42.6 416,0 11,8 14,4 86.8
9,350
227,276|
54,250
W est Indies..............
of Staten Isl. 100,
528.2
25.2 86.4
551.2
29,394
68.2
16,3
376,796 Bank
14,159
M e x ic o ......................
32,242
263,461 1st Nat.,Staten I s l
147,505
14,252
S outh A m erica.......
2
,
906,8
65
,
897,0
60,807,2 1 ,i 60J> 4J40, 8,352,9
4
15,068
6001
Totals Apr. 9 ... 0,212,
A ll other coun tries.
7,897. 8,253,^2,91!. 64*455,2
Totals Apr. 2... 0,2I 2,i 8 j7 i 59,8Q7,i
$805,682
$74,559
Totals Mar. 26... Q,2I2,o\8J7I, 50,042.1 ?,222,Q 3,903, 7 ,776,2 \3,704,4 \64,! 96^
T ota l 1 8 9 8 ......... $1,031,852 $11,739,113
35,363
590,871
976,731
¡ y F o r su m m a ries o f th e w e e k ly r e tu r n s o f the b a n k s in N ew
T ota l 1 8 9 7 ... ...
709,116
17,225
1,030,860
Y o r k C ity , P h ila d e lp h ia an d B oston , see n e x t p a g e.
T o t a l1 8 9 6 .........
$145,279,007
I o t a ) 14 weeks $126,319,072 $137,511,586 $139,599,15?
The following is a statement of the exports (exclusive o f
252,4
755,5
A pril 16, 1898.1
THE
CHRONICLE.
New York City, Boston and P h ila d e lp h ia B anks.— Below
w e tü rm st a summary of the weekly returns of the ClearingBanks of N ew York City, Boston and Philadelphia.
J-he N ew York figures do not include results for the non
member banks.
banks.
N. Y.*"
Mar. 19..
“ 26..
Apr. 2..
6
9..
_ B os.*
liar. 26..
Apr. 2..
”
9..
P h lla . *
Mar. 26..
Apr. 2..
6
9..
Capital dc
Surplus.
$
133.281.8
133.281.8
133.281.8
133.281.8
Loans.
9
607,278,9
600,168,4
595.851.2
687.783.3
Specie.
Legáis.
9
9
1292759
1362896
1415562
1429770
70.828.5
68.974.5
64.723.8
59,518,7
68.587.6 180.679.0 11.733.0
68.587.6 179.716.0 11.382.0
68,587,3 178.095.0 11.474.01
Deposits.+ ! OircVn. Clearings,
$
688.177.4
685.650.5
682.236.8
669.836.9
9
$
785,675,9
611.838.2
782,961.7
665.828.3
13,864,8
13.861.4
13.865.5
13,884,1
9.105.0 180.679.0
9.651.0 178.176.0
8.890.0 176.250.0
5.392.0 84,110,4
5.423.0 101,024,0
5.563.0 95,665,9
743
Total receipts at ports from Jan. 1 to Apr. 9 oompare ai
follows for four years:
Receipts of—
flo u r ......................bbls
1898.
5,682,134
1897.
4,364,268
1896.
8,079,790
1895.
4,195,977
Wheat.................... bush. 22,033,923
“ 1,861,957
•• 8,421,163
5,618,210
64,999,656
15,843,221
2,788,287
1,429,212
•• 110.941,201
90,678,586
8,477,896
19,245,828
11,356,742
2,089,219
365,988
36,635,173
"Ä878.201
7,311.924
8,403.819
1,159.918
It 3,899
21,857.15*
C o m ...........................
Oats ....................
Barley......................
aye...........................
Total grain....
•• 56,919,021
“ 26.705.137
The exports from the several seaboard ports for t he week
ending A p r. 9,1898, are shown in the annexed statem ent:
TV7l«at, Corn,
Flour,
Oats,
Rye,
Exports from— bush.
bush.
bbls.
bush.
bush.
5.760.0 61,239 5 New York...... 872,629 721,881 108,240 351,541 114,834
5.860.0 69.561.6 B oston.......... 169,584 365,770
89,179
74,450
5.815.01 60.990.7 Portland .... 81,768
21.865 116,562
Philadelphia................ 871,489
20,929 110,000
__ —
^
vv|/.vv f w vSw %AfvU l/IVOOv JSfyl w f t v .
Baltimore...... 325,086 1,143.098
51,862
94,000 124,985
t Including for Boston and Philadelphia the Item “ due to oth er anks.’
New Orleans.. 246,000 738,099
4,685
22,060
Norfolk........................ 111,428 ..........
F o r e i g 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 .__ In Newp’rt News ...........................
Montreal....................................
addition to the other tables given in this department, made St. Johns,N.B. 73,335
"5199 117,409
8,533
up from weekly returns, we give the following figures for Galveston ... 16,155 232,856 . . ’
M obile........... 16,000 219,900 ....
"1,000
the fu ll months, also issued by our N ew Y ork Custom House. Port Arthur.. 60,000 ...........
21352
72,000
The first statement covers the total imports and exports of P ensacola... 25,268
35.388.0 117.369.0
35.388.0 115.675.0
35.388.0 112.845.0
34.117.0
33.840.0
34.287.0
123.183.0
121.414.0
119.790.0
merchandise and the Customs receipts for the nine months
o f the last tw o seasons.
Me r c h a n d is e Mo v e m e n t
Mo n t h ,
July...........
August......
September..
October
November..
December..
January..;.
February...
March........
Imports.
1890-97.
1897-98.
1896-97.
1897-98.
t
*
33,254,119
32,294,914
32,649,399
33,139,440
32,453,174
33,265,417
34,415,116
38,974,044
46,878,360
*
31,142,803
31,345,828
87,437,376
34,492,610
32,340.749
39,535,651
30,918,858
31,057,319
40,359,039
*
30,830,037
28,030,172
30,495,166
35,486,789
32,620,560
35,741,707
33,467,694
30,318,791
34,532,480
i
33,460,976
26,541,439
28,434,443
31,024,412
34,112,886
34,421,230
34,633,613
86,015.776
41,239,260
12,299,574
5,202,728
1896-97.
$
8,259,048
8,450,766
5,380,542 7,621,220
6,799,096 7,163,420
6,929,147 6,646,183
7,879,352 7,285,290
10,464,000 7,705,400
10,602,738 8,359,780
10,578,089 17,579,633
Total... ‘ 299,884,030 322,328,689) 314,030,266 291.523.396l 76.115,262 79,070,740
The imports and exports of gold and silver for the nine
months have been as follows :
G o ld 1M o v e m e n t
Mo n t h .
July..........
August......
September.
October.
November..
December.
Janaary...,
February..
March.......
T o ta l...
Imports.
at
New Tu r k .
Exports.
Si l v e r -
new
Imports.
Fo r k ,
Exports.
1897-98. ) 1890-97.
1897-98. _
1890-97.
1897-98
1897-98.
*
1
230,918
359,947
1,884,334 3,560,086
333,456 30,735,333
8,989,606 23,133,791
354,512 4,010,890
296,047
159,887
3,162.080
261,329
939,929
286,162
26,808,692
600,351
43.109,594 63,119,776
*
4,551,136
790,670
84,135
116,(82
220,951
152,306
2,603,183
922,091
492,809
*
8,998,870
50,590
47,80S
99,839
293,201
184,095
802,281
323,131
507,587
Ï
1,004,900
1,205,472
1,050,904
1,151,082
1,024,690
1,020,250
1,253,485
1,197,105
1,202,544
1
3,812,015
4,311,826
3,324,901
8,827.889
3,799,880
4,447,883
3,085,088
2,947,374
2,959,332
9.940,362 10.808.00f 10.770,898 33.110.453
. B, readstnffg
I , . F ig u re s B r o u g h t F r o m P a g e 7 7 4 . — The
statem ents below are prepared by us from the figures j f the
New York Produce Exohange. The receipts at W estern Jake
and river ports for the week ending Apr. 9, and since A u g,
l^ fo r each of the last three years, have been as f o llo w s ?
Receipts at—
Chicago........
Milwaukee..
D uluth........
MinneapolisToledo.........
Detroit...... .
Cleveland..,
St. L ou is....
Peoria.........
Kansas City.
; Tot.wk.’98.
game wk.’97.
Same wk.’96.
Since Aug. 1.
1897-98.........
1896-97.........
1895-96.........
Flour.
Whéht.
Corn.
Oats.
Barley.
Bbls. 190 lbs Bush.OOlbs Bush.bOlbs Bush.BZlbs
Rush.iSlbs
83,069
329,950 1,257,588 1,252,842
168,411
16,500
54,600
58,500
92.000
162,800
10,600
470,194
17,896
250,794
7,577
8,057
595,090
26,320
55,040
962
70,157
231,659
111,012
1,800
12,950
34,248
5,816
5,123
40,785
106,002
62,718
19,255
68,877
464,865
130,820
18,000
6,650
8,200¡
304,600
145,600
17,600
118,500
131,500
69.000
146,893 1,764.303 2,632,177 2,171,642
132,078 1,602,586 1,926,242 1,943,444
147,565 1941,186 1,385,714 1,703,288
7,923,19? 83,116,027 175,963,211 135,823,793 31,569,054
8,170,713 132,461,684 117,875,466 127,080,095 34,027,700
8,191,864 169,010,570 90,390,328 107,381,0 i4
34,132,162
"
re9el,ptA
s o f f l ° ^ aad grain at the seaboard ports for the
week ended Apr. 9, 1898, follows:
288,261
198,664
885,982
730,165
24«,352
85,424
Barley
bush.
61,629
39,598
10,075
52,856
12,727
61,629
70,444
The destination o f these exports for the week and sinoe
September 1, 1897, is as below.
N e w V o r k . C ustoms R e c e ip t s
a t Ne w Y o r k .
Exports.
at
1897-98.
Total w T ... 1,875,823 4,526,451
8ametlme’97. 680,168 3,809,881
Peas,
bush.
3,183
Exports for
week and since
Sept. 1 to—
Catted Kingdom
Continent..........
3 fcO. America..
West Indies.. .
Brit. N. A. Col's.
Other countries..
Total
•Hour.Wheat.--------,
Week Since Sept. —---Week Since Sept.
Week
Apr. 9
1,1897.
Apr. 9. 1, 1897.
Apr. 9.
bbls.
bbls.
bush.
bush.
bush.
196,386 6,877,180 1,124,810 44,353,988 2,335,918
33,498
925,576
745,993 34,252,189 2,107,721
19,136
662,127
864,004
7,180
8,355
677,963
1.375
14,8* 2
9,556
171,654
2,700
760
1,330
199,658
705,039
...... 268,201
Total 1896-7........ 198,664
»8,664
8,161,942
Since Sept
1,1897.
bush.
65.018.17»
£9,418.075
125,433
1.096,762
304,347
427,359
80,160,005 4,526,451116.390.147
689,108 37,808,022 8,809,881 116,968,140
The visible supply o f grain, comprising the stocks in
granary at the principal points o f accumulation at lake and
seaboard ports, A pr. 9, 1898, was as follow s:
Wheat,
In store at—
bush.
New York................. 1,624.000
Do
afloat........
Albany.....................
Buffalo.....................
703.000
Do
afloat......
Oilcago .... ............ 5,885.000
Do
afloat.............. 37,000
Milwaukee......... .
104,000
Do
afloat......
Corn,
bush
1,413,000
Oats
bush
1,270,000
125,000
1,464,000
90,000
1.129.000
16.549.000
2.482.000
1.197.000
835.000
3.339.000
104.000
Duluth.................... 3,700.000
’V
afloat----206,000
Toledo ....... .........
205,000
Do
a float......
Detroit ...................
'68,000
Do
afloat........
iswego.....................
ät Louis..................
933,000
■ Do
a float......
81,000
Jinolnaati..................
8,000
Boston....................... 643.000
Toronto.....................
25.000
Montreal.................
102.000
Philadelphia.............
270.000
1,000
Peoria. .....................
Indianapolis......... .
59,000
Kansas City............... 763,000
Baltimore.................. 1,072,000
Minneapolis............. .11,245,000
1,169,000
Ì56.Ò0Ó
1.824.000
75.000
1,000
588,00c
Rye.
bush,
97,000
Barley
bush.
57.00
30.000
iòb.odó
‘ 94,000
323.000
"i.Òò'Ó
534 000
168,000
76,000
3.360.000
1.4*10,000
414.000
3*10,00Ó
'2,000
12,‘ÒW
"Y,000
' 18,000
"ïïooô
117.000
11,000
" 7,000
'82,000
'45,000
11,OW
40,000
" 2 . WO
29,000
‘ 16,Ö0O
286.000
21,000
' 57.ÒOC 1,049,000
776.000
581.000
88.000
604.000
1.342.000
940.000
328.000
133.000
30.000
20.000
163.000
1,23 5,WO
On Lakes................... 1,439,000
On oanal and river...................
6,137,’doo"
Total Apr, 9 ,1898.30,129,W0
Total Apr. 2,1898 30.223,100
Total Apr. 10,1897 37,700,000
Total Apr. 11,1890 59,350,000
Total Apr. 13,1895.70.480,000
40.1W.000
42,«47,000
24.967.000
10.846.000
12,221 000
19,000
"4,000
"s'.'o'óó
250.000
143.000
21,000
2,730,000
46.000
549,000
*85*000
13.540.0W
12,015 OW
13.287.W0
9,341,000
5.727.W0
3.611.000
3.203.000
3,04-3,000
1.609.000
213 UOO
1.137.000
1.178.000
2.705.000
1,099,009
490,000
A u ctio n Sales.— Am ong other securities the follow ing, n o t
regularly dealt in at the Board, were recently sold at auction
B y Messrs. Adrian H . M uller & Son :
Shares.
50 H am ilton Fire Ins. C o ... 109
4 German A lliance Ins. Co. 163
70 P eter Cooper Fire Ins.Co.125
6% M echanics’&Traders’B k .l l 5
Bonds.
$1,000 B rooklyn & B righton
Beach HR. le ts , Sept., 1895,
cou p on o n ............................... 31
By Messrs. R . V . Harnett & Co:
Shares,
10 L aw yers’ T itle Insurance Co.............. ____
1s u «
-------- *
................................
65 C ortolse M inin g- n
---------------*
Com
pany o f uM issouri.......
$5*00
g an M n #
a m l ¿ fin a n c ia l*
„
, I 1
Flour,
Wheat,
Corn,
Oats,
Barley.
Rye,
Receipts at—
bbls
bush.
bush.
bush.
bush.
bush.
New York................ 140114 1,009,175
810,725
436,800
42,900
S p e n c e r
T r a s k
&
C o . ,
31,200
Boston. .................. fo,«W
222,147
299,031
204,368
550
430
7 438
M ontreal................
19,120
110,490
bOO
Philadelphia..........
67,632
BAN
K
E
R
S
46,084
174,630
53.372
" 4,800
1,800
Baltimore............... 37 043
167,957
924,172
NEW Y O R K .
92,«40
93,759 * " * 2 9 F I N E S T R E E T ,
2,*044
Richmond..............
4,034
6,492
2,940
New Orleans*.........
8,319
65 State Street, A lbany.
125,4 0
431,841
70,768
Portland. Me ......... 21,866
31,708
...........
115,562
IN V E S T M E N T S E C U R IT IE S .
Newport News......................
Norfolk....... ...........
111,420
Pensacola....
iv--r~r
....... .............................
25.266
72,000
SPort
° ¿ ll.
e
..............................
16,000
219,900
1,000
Arrhlir
91
OKA
r/Vnn/\
Ge o r g s B a r c l a y M o f f a t .
Port Arthur,.......
21,354
A l e x a n d e r M. W h it e , J r
50,000
Galveston...........
68,950
"7,200
2,800’
2,000
8t. Johns, N. B ...
"5,199
73,335
---- ;fi»V
117’,409
M o f f a t
&
W
h i t e ,
Total week....
343.820 1,849,236 3.06Ì.019 1,208,149
4«,250
129,089
BANKERS,
Week 1897........
808,073
44 1,598 3.62 L,501 949,660
176,775
53,18 J
NEW Y O R K .
* Receipts do not include grain passing through New Orleans tor tor eie n N o . 1 N A S S A U S T R E E T ,
ports on through bills o f lading.
*
IN V E ST M E N T
SECU R ITIES
THE
744
f la n k e r s ' ( ja a it t e .
D IV ID E N D 8 .
B ooks closed.
( D a ys in clusive.)
When
P er
Cent. Payable.
Nam e o / Company.
R a ilro a d s (S team .-)
can. Sandusky & Cleveland p re f.
Nash. Chatt. & St. Louis (quar.).
Northern P acific pref. (q u ar.)..
Street R a ilw a y s .
B rooklyn (N. Y .) City HR.- — -•
C onsolidated Trao. (P ittsburg)..
N ew.Eng. St., N .Haven,Con.(qu.)
N ew Orleans & Carrollton (quar.)
St. Charles St., N. Orleans (quar.)
T ru st C om panies.
N. Y . Security & T ru st...........
l
1
To-day’s actual rates of exohange were as follows. B a n * ers’ sixty days’ sterling, 4 7 9 % @ 4 SO ; demand, 4 8 3 % @
4 8 3% ; cables, 4 84@4 84% ; prime commercial, sixty days,
4 79@4 79 % ; documentary commercial, sixty «d ays, 4 7 » % @
4 7 9 % ; grain, 4 79 % @ 4 80; cotton for payment, 4 79@ 4 79% ;
cotton for acceptance, 4 7 9 % @ 4 79% .
A p r. 22 to M ay 2
A pr. 24 to M ay 2
M ay 11 to M ay 19
May
M ay
June
3
213 ¡A pril 15 Apr. 10 to A p r 15
1*3
1*3
M ay
5 A pr. 24
A p ril 15 A pr. 13
A p ril 20 A pr. 12
A p ril 1 9 -----------
5
¡May
3
%
OTi scell aneo us.
3
Sprague E lectric p re f.........-■
U nited E lec. Securities p re f------ $3
. 50
United States Rubber p re f..........
2
W orthington (H. R.) p re f............
g 1®
F oil way Equipm ent, M um .......... 1 a
C orrection.
W A L L STREET, F R ID A Y ,
IMay
M ay
May
May
M ay
to
to
to
to
-—
A pr. 15
A p r. 19
A pr. 18
2,A pr. 23 t o ---------2 Apr. 19
2*|-------- t
2 A pr. 23
2 1A pr. 22
2 1----------- t
[V O L . l A V L
CHRONICLE.
to M ay 2
o ------------ *
to M ay 17
to M ay 2
o --------------
Demand.
Sixty days.
A p ril 15.
Prime bankers’ sterling bUls on L ondon 4
4
D ocum entary com m ercia l.......................... 4
5
Amsterdam (guilders) ba n k ers... . . . . . . . . .
F rankfort or B rem en (reiehm arks) b xers
80*9®4 81 4
79 ® 4 79*a
78*3®4 79*3
2 5 ®s® 2 4 '5 1C 5
3 9 % ® 3 9 18ie
93%®9313 ib
84
® 4 841*
2 3 rile® 2 3 %
39*516® 40
943, V 94%
The follow ing were tne rates w u
y
1“
New York at the under-mentioned cities to-day: Savannah,
buying 1 1 6 discount, selling 1-16 prem ium : Charleston buy
ing oar selling ^ p r e m iu m ; New Orleans, bank, par; com
m e r c ia l'$ 1 00 discount; Chicago, 30c. per $1,000 discount;
St. Louis, 50c. per $1,000 premium.
A P R I L 1 5 . 1 8 9 8 —5 P . M .
The Money M arket and F in a n cia l S itu ation .— The se
curity markets have been influenced chiefly by the uncertain
political situation this week, and prices moved up and down
in sympathy w ith the prevailing sentiment as to the probable
outcome of international affairs. The President’s message to
Congress on Monday was less aggressive in tone thanhad
been expected in some quarters, and was interpreted in W a l
Street to foreshadow a possible settlement of the Cuban con
troversy by diplomacy rather than by force of arms. The
stock market was strong on that day as a result of such in
terpretation, but the subsequent discussions in Congress have
not increased that possibility, and the markets reflect the un
U nited States Bonds.-Sales
mo
■Rnarfi include $29 000 4s, coup., 1925, at 120 to 122% , $o2,OUU
4s reg
1925 a t '321% to 121% ; $12,000 4s, coup., 1907, at
110 toS110% ; $26,100 4s, reg., 1907, at 108% to 109% , and
*^0,000 5s, reg., at 111%.
V «#' ■ii
The follow ing are the closing quotations .___________________ _
I n te r es t! A p ril A p ril A p ril A p ril A p ril
14.
12. j 13.
Periods. 9.
J ^ ril
*97 * 97 1* 97 * 97 * 95
2s......................... reg. Q. -M ob. * 97
109 *108% 108*8 108*3
4s, 1 9 0 7 ............ reg. Q .-J a n . 109*6 -108*«
110 *109*3
4s, 1 9 0 7 ...........coup. Q .-J a n . *110*« 110*8 *110*81*110*3 *120 * x l l 9
*121*31
121*8
121*8
Q
.-F
e
b
.
121*8
4s, 1 9 2 5 ...........reg.
120*8 120
*121*al
121
4s, 1 9 25...........coup. Q .-F e b . 121*8 122*4 *111%|*111% *111*8 *x09%
5s, 1 9 0 4 ............ reg. Q ,-F e b . 111*8 *111*3 *111% *111% 1*111*8 *111
5s, 1 9 04...........coup. Q .-F e b . *111*3 -111H *103 1*103 1*103 *103
6s, curi oy ,’ 9 9 .. .reg. J. & J. *103 *103
*100
4s. (C her.)1899.reg. 1 M arch. *100 1*100 *100 1*100 *100
* Tills is the price hid at the m orning hoard ; no sale w as m ade.
certainty which exists.
It is questionable whether the effects of war have not been
already largely discounted. A t the same time Stock E x
change quotations are still well above those which prevailed
before the N aval Court of Inquiry made its report, and this
is in face of the fact that financial operations are very much
curtailed, investors are practically out of the market and
money lenders are cautious. The grain markets have at
tracted attention, wheat futures having made a sharp ad
vance. Grain bills have been a feature of the foreign ex
change market. G old imports have continued, but on a more
limited scale, the amount for the week being $5,345,000 and
the total to date $54,435,000. A s intimated above, the money
market has been dull. The offerings are limited, notwith
Stock and B ond S a le s .-T h e following shows the volume
of business, in stocks and bonds, on the N ew York Stock
Exchange for the past week, and since January 1.
Sales
/- •Week ending A p ril 15
1897.
1898.
N. Y. Stock Exch.
$62,500
$109,500
Government bonds
15,000
80,000
State bonds...........
4,141,000
6,787,400
RR. & mise, bonds.
Total................ $6,926,900
Stocks—No. shares 1.354,269
Par v a lu e....$138,017,300
Bank shares,par val.
500
—Jan. 1 to A p ril 15.-——>
1898.
1897.
$2,668,800
$4,902,200
445,200
681,500
254,583,610
124,558,940
$4,218,500 $257,647,110 $130,187,640
81,878,906
18,871,669
823,850
$77,662,950 $3,112,782,125 #1.298,163,000
$l)000
$80,700
$107,160
W e add the following record of the transactions for eao
day of the week.
,-----------Stocks-------—> Railroad, <£c.
Week endin
Bonds.
Shares. P a r value.
A p ril 15 ,18!
$694,000
Saturday.............. 102,845 $10,146,500
1.014.500
26,887,550
267,087
Monday........ .
787,400
18,219,900
Tuesday................ 210,390
1.869.500
88,781,300
Wednesday.......... 851,177
1.228.000
20,009,000
Thursday.............. 207,512
1.694.000
19,478,050
Friday.............
215,808
Total...............1,854,269 $128,017,800
$6,787,400
standing an advance in rates.
The open m arket rates for call loans on the Stock E x
change during the week on stock and bond collaterals have
ranged from 2 to 4 per oent. To-day’s rates on call were
2 % to 3 % per cent. Prime commercial paper is quoted at
State
V. 8 .
Bonds. Bonds.
.............
$41,000
...... . . . .
22,000
12,000
4,500
18,000
5,000
5,000
28,000
..............
14,000
$30,000 $109,50*
C o in s .— Following are the current quotations in gold for
coins :
5 % to 6 per cent.
Sovereigns............$ 4 85 ® $ 4 88
The
of England weekly statement on Thursday N apoleons............ 3 84 ® 3 87
showed a decrease in bullion of £598,484 and the percentage X X Reichm arks. 4 7 4 ® 4 78
2 5 P esetas.. . . . . . . 4 78 ® 4 81
Span. D ou bloons.15 50 ® 1 5 60
M ex. D ou bloon s.1 5 50 ® 15 60
Fine’ g old b a rs ... p ar ® % prem .
of reserve to
liabilities was 38‘40, against 37*25 last week; the
discount rate remains unchanged at 4 per cent. The Bank
of France shows a decrease of 3,525,000 francs in gold and
Fine Silver bars.. — 55 %® — 56 %
F ive fra n cs...........— 93 ® — 96
M exican d o lla rs.. — 45% ® — 4 o
P eruvian s o ls .... — 4 1 ’a® — 42%
E nglish s ilv e r ... 4 82 ® 4 85
U. S. trade doUars — 65 ® — 75
State & R ailroad Bonds.— Sales of State bonds at the
1,925,000' francs in silver.
Board are limited to $30,000 Virginia fund, debt 2-3s of 1991
The New Y ork City Clearing-House banks in their state at 66% to 67% .
,
,
.
.
On a volume of business which averaged only about
m ent of April 9 showed a decrease in the reserve held of
$1,200,000 par value per day, made up largely of transactions
$3,784,300 and a surplus over the required reserve of $35,036,in a few issues, including Am erican Tobacco scrip, the mar__ -1.1.
-- ——
r AOril m l Û9Q
_
«
t 1
475, against $35,720,800 the previous week.
Differen’ sfr’ m
1898.
A p ril 9. - Prev. week.
C apital..................
S u r p lu s............
Loans & diso’n ts.
C ir c u la tio n .......
N et d e p o sits..—
S p e cie ...................
L eg al te n d e rs.. - .
R eserve h eld .......
Legal r e s e r v e ....
$
$
59.022.700
74.259.100
587,783,300 D ec.8,067,900
18,600
13.884.100 I n c .
669,836,900 Deo. 12399900
I
n
o
.1,420,800
142,977,000
59.518.700 Deo.5,205,100
202,495,700 D eo.3,784,300
167,459,225 D eo.3,099,975
Surplus reserve
35,036,475 Deo.
in e uieanug-uuuoo, v,u. vy?*
1896.
A p ril 11.
—
$
$
59,772,700 61,122,700
73,953,800 72.833.300
502.512.600 465.612.400
15,589,200 14.341.300
565.916.600 483.151.400
85,868,400 58,835,000
101,780,800 79,884,100
187,649,200 138,719,100
141,479,150 120,787,850
1897.
A p r il 10.
684,3251 46,170,050
— - •> ------
-
17,931,250
~
■weekly returns showing the condition of the non-member
banks which clear through the Clearing-House institutions.
.The statem ent in full for the latest week will.be found on
a preceding page.
F oreign E x c h a n g e — The market for foreign exchange has
been generally steady, with a tendency to weakness on Thurs
day a id to-day. The low rates noted last week have prevailed
and gold imports continued*
In the unalted in an advance ot 3 % points ior tnat issue.
Offerings of high-grade bonds have been exceptionally 11m _
«
A lt* —
I f : __ ~ . —2 T7"nm Mnn Fr 11^AVfOCf NT
Ok1*11 PitfV*
tivity.
B ailro ad and M iscellaneous Stocks.— The highest prices
of the week in the stock market were recorded on Monday,
when the advance above our last quotations was from 1 to 4 %
points for the active issues. On that day the probabilities or
w a r seemed remote, but recent developments make the situa
tion more uncertain, and with some irregularity the tendency
of prices has been downward.
Transactions at the Board have been limited to a daily
average of about 225,000 shares, and closing quotations axe
in most cases 1 point or less below those of last week.
The entire railroad list has moved with unusual regularity.
American Tobacco was a feature of the market. It covered
a range of 15 points and closes with a net gain of 7% points.
THE
A p r il 16, U98.J
CHRONI LE
— STO CK
P R IC E S
745
(2 p a ges) P a g e 1.
New York Stock Exchange—A Daily, Weekly and Yearly Record.
Sales R a n g e f o r yea r 1898. il R ange f o r p revi
o f the On basis o f ico-sh’ r e lots ou s y e a r (1897).
Week.
Shares Lowest.
H ighest, j Low est. \Mighest.
STOCKS—H IG H E ST A N D LOW EST S 1 L E P R IC E S.
S aturday,
A p r il 9.
♦180
*12
♦35
M onday,
A p r ii 11.
STOCKS.
T uesday, Wednesday Thursday,
F rid a y,
A p r ii 12. A prii 13. A p rii 14. A p rii 15.
.... *180
13
*12
87% *35
*180
13
*12
37% *35
11% 11}* §11% 11M 11%
25% 26
: 26
26% 26
17
17% 17% 17% 17%
*6% 6% *6
6% *6
♦102 105 *102 105 *102
38% 39% 88
39
88
♦20
80% *20
80% *2 0
*59
65
*59
65
*59
N. Y . STOCK E X C H .
R a ilro a d Stocks.
*180
*180
18
*12
34% 34% 34
11% 11% 11% 511%
26% 24% 25% 24%
17% *lg% 17% 16%
6% *6
6% *6
105 *102 105 *102
36% 871
88'
87
80% *20
30% *20
*59
65
65
*59
'180 ........ A lbany & Susquehanna..
§188 Jan 4 186 Feb
170 Feb 177%Apr
*12
18 -¿Ann Arbor......................
18
12 Mar 11 15 Feb
I 9 Jan.! 15%Aug
34
*34
85
Do
pref.
228 34 Jan 4 40%Feb
22%Apr 40 Aug
11% 11% 11% Atch. Topeka & Santa Pe.
1,856 10%Feb 24 13%Feb
9%Apr 17 Sep;
25% 25% 25%
Do
pref. 15,016 22%Mar 12 82%Feb 8 17 Apr 85%Sep.
17% Tlaltimore & Ohio...........
1,745 12%Jan 25, 19 FCb 3
16% 17
9 J’ly 21%Sep.
6% A)alt. & O. Southw., pref.
6% *6
5%Jan 19j ■7%Feb
0
3
2 J’ne
9%8ep.
105 ‘102 105 Host. & N. Y. Air L.. pref.
§105 Mar 9 §105 Mar 9' 102 Maf'106 O ct
37% 38 Brooklyn Rapid Transit... 34,622 35 Mar 12 43%Feb 18' 18%Jan.t 37%Dec
80% *20
80% Buffalo Roch. & Pittsburg.
Mar 12 30%Jan 6' 16%May 81 Dee
65
*59
65
Do
iw* ~ pref.
65 Jan 21 67%Jan 8 54%J’ly 66%Dec
.................. Burl. Cedar Rapids & N o..
65 Mar 10 §72 Jan 10 68 Apr 76 Aug
*80
*80
81% 81
*80
80%
*79
80
80% /Canadian Pacific.............
§i%
750 79 Mar 14 90%Jan 20 46%Mar 82 Dec
*47
*46% 48
47
*47
48
47
*46
47
*46% 47% A'anada Southern...........
340 44%Mar 12 57%Feb 5 44%Jan. 62%Sep.
........ Capital Traction.................
62 Jan 4 70 Jan 25 50%Oct. 68 Dec
*02
94
92
93
*92% 94
91% 92
92
92
x91
91% Central o f New Jersey....
1,876
86%Mar 26 98%Jan 7 68%May l0S%Jan.
*12
18
*12
18
*12
13
*11% 12% *11% 12% * }!% 12% Central Pacific...................
ll% Jan 4 14 Feb 16
7%Apr 18 Sep.
19
19% 18% 19% 19
19% 18% 19
18% 18%
19 Chesapeake & Ohio...........
8,365 17%Mar 26 24%Feb 1 15%Mar 27%Aug
♦154 160 *154 160 *154 160 *154 160
154 160
155 155 Chicago & Alton...............
12 §150 Mar 14 §166%Janl4 147 J’ly 170 Mar
*166 .... *166 ....
166 • ....
166 .... *166 ........ _ Do
pref.
Mar 24 §166 Mar 14 161%May 175%Nov
92% 94
92% 94% 93% 94% 90% 92% 90% 92% 91% 93 Chicago Burl. & Quincy.., 129,650 §166
85%Mar 26 108%Feb 11 69%Jan. !102%Sep.
*50% 53
*50% 53
*50% 53
50
50% *51
53
*51
53 Chicago & East. Illinois...
200 50 Apr 13 60%Feb 1 87%J’ne' 61 Sep.
*105 107
106%106% *105 107
104 107 *104 107 *104 106
Do
pref.
120 102 Jan 7 113%Feb 1 95 Jan.jl03 Sep.
10% 11
10% 11
10% 10'
11
11%
10% 10% 10% 11% Chicago Great Western...
5,985
9%Feb 24 16%Jan 8
8%J’ne 20%Aug
Do 4 p. c. debentures.
5 Deo
l%Oct.
*26
29
*26
*26
29
*26
20
*26
29
29
29
29
Do Sp.c.pref. “ A ” ..
110
28
Mar
15
86%Jan
28
Sl%Aug
48 •'Sep.
*20
24
*20
24
*20
*20
24
24
*20
24
*20
24
Do 4 p.c. pref. “ B ” ..
22%Feb 16 25%Jan 14 19 Aug 83%Sep.
*7
8
■*7
*7
8
8
*7
7%
Chic.
Indianap.
&
Louisv..
7 Feb 24 10%Jan 14
8 Oct. 18 Aug
*23
25
*23
26
*23
*28
25
*23
24
23% 23%
Do
pref
100 28%Mar 24 33%Feb 2 26 Nov 38%Sep.
89% 90% 89% 91
87
86% 88%
U 89% Chicago Milw. & St. Paul.! 141,820 85%Mar 12 9 7%Jan 12 69%Apr'102
83%
Sep.
*141 143
143 143
143%143% §143 143% 141%142
141 141
Do
pref.
811 141 Apr 15 149%Feb 16 180%May 146 Sep.
119 119% 118%120
119 119% 117 118% 116%118
118 118% Chicago & North Western.
9,076 113%Mar 12 130%Feb 11 101% Apr |182%Sep.
§174 174
§171% 172% _ , Do
pref.
70 168 Jan 8 175 Mar 7 153 Jan.Il65%8ep.
85% 86}
85% 86% 86% 86% 84% 85% 84% 85% 85% 86% Chicago Rock Isl. & P ac.. 80,145
80 Mar 25 94%Jan 28 60%Apr/ 97%Sep.
*69
70
69% 70
*69
71
*68
71
*68
71
*88% 71 Chic. St. P. Minn. & Om...
200 65 Mar 12 79 Feb 11 47 Jan. 89%Sep.
♦145 150 *145 150
145 150 *145 150 *145 150 *145 150
Do
pref.
§148 Jan 5 155 Feb 28 138%Jan. 150%Deo
8
8
*7% 8% ♦7% 8%
*7%
*7% 8% Chic. Terminal Transfer.!
200
4%Jan 8
9%Mar 8
*27% 29
28
28% *27% 28% *27% 29
*27% 28% *27% 29
Do
pref
600 22%Jan 8 S3 Feb 5
28
28
28
28% §28% 28% 28
28
27% 27% *27% 28% Clev. Cln. Chic. & St. L ...!
1,205 25 Mar 12 38%Jan 81 21%J’ne 41%Sep
Do
pref.
77%Mar 9 87 Feb 1 63 J’ne 86%Sep
11% 12% 11% 12% 11%
11% 12% 11%
11%
Clev. Lorain & Wheeling..
7,100 ll% M ar 26 19%Jan 12
*40
49
*40
49
*40
*40
*40
49
*40
Do
pref
47
Feb 23 50%Feb 9 89 Nov 49%Dec
♦168 ... . *168 ,
*168 ,
*168
*168
*168
Cleveland & Pittsb., guar!
161 Apr 168%Sep
*5% 6% *5% 6% *5% „6%
*5% 6% *5%
Col. Hocking Val. & T ol...
5
Mar 18 8%Feb 10
l% A pr! 18 Jan
*17
24
*17
24
*17
24
*16
24
*17
24
Do
pref
17 Jan 7 25 Feb 9 14 Aug 46 Jan
Columbus
&
Ninth
A
v
e..!
§99%Mar 18 §99%Mar 18
♦107% 108% §108
*106%108% *106%108% §108% 108% §106%106% TAelaware & Hudson......
90 106, Mar 12 114%Feb 3 99%Apr 123 Sep
♦144%
*144%
*144%
*144%
*145
*144%
A-'el. Lack. & Western...
145 Mar'25 159 Feb 5 146%May 164 Aug
*10
14
*10
*10% 12
*10% 11% 11% 11% *11
Denver & Rio Grande......
200 11%Apr 14 18 Jan 12
0%Ap'rl 14%Aug
{43
43
§44
§43% 43% *42
42% *41% 43
§42
Do
pref.
130
41%Mar'26 52%Feb 9 86 Apr I 50%Aug
*10
12
*10
*10
13
*10
14
*10
14
*10
Des Moines & Ft. Dodge..
11 Feb¡24 15%Feb 2
7 Apr 14%J’ly
*70
*70
*75
*70
*70
*70
Do
pref
81 Apr 50%Aug
*2%
*2
, *2%
4
*2
4
*2'
*2
4 Duluth So. Shore & A tl..!
7 Apr 14%J’ly
*4%
*4% 5% *4% 5%
*4%
*4%
Do
pref.
5 Apr 3K
7%Feb
5
5 Deo 10%Aug
12%
§13
12% 12% 12
12%
*12
n e ....... ..........................
12%
890
ll%M
ar
26
16%Feb
4
11%
Apr 19' Sep
*38%
*33
88
83
82
82%
*32% 84%
850 81%Mar 25 48%Feb 11 27 Apr 46%Sep
*16% 18
*16%
*16% 18
D o -----1st pref.
16% 16%
*15% 17
16
Mar
26
800
21%Feb
11
25%Aug
15%May
*19
22
*19
Do
2a
pref.
*19
22
*19
22
*18
22
*18
22
23 Jan
25 Jan
20 J ’ne 84, Sep
*38
42
*88
*88
42
{37
87
*87
42
*87
42 Evansv. & Terre Haute ..
40 Jan 18 41 Jan 11 28 Aug 48 Sep
Do
pref.
10 Mar’ 12 14%Feb 14 ■ 7 J’ne 14%Aug
lint & Pere Marquette.
41 Jan '28 43 Jan 28 80 Mar 49 Oct
Do
pref
{25
25
§22
22
21 Feb
82
28 Mar 5 I * 7%J’ly 20 Sep
*2
10
*2
IO
S
’
&
Den.
C.,
stamped
*5
10
*2
10
*5
10
15 Jan 28 16%Jan 81 12 Nov 20%Sep
♦147 154
147 154 *147 154 147 152
146 154 *147 154 it . Worth & Rio Grande.
ISO Jan 12 162 Feb 4 120 Jan |14T'Sep
*30
40
*30
40
*80
*30 • 40
40
*30
*30
40
40 ( jjreat Northern, pref...
§30 Jan
82%Feb 24 27%Apr 4P Aug
VJreen Bay & Western..
43 Mar 14 49 Jan 27 50 Dec I 60 Dec
Do debt eertfs. “ A ” ,
5 Jan 18 6%Jan 25
8%Dtec
9 Aug
*99 100
Do
debt
eertfs.
“
B
”
,
100
io o " io o "
09
98% 99
98% llinois Central
1,420 96%Mar 26 108%Jan 31 91%Apr 110%Aug
♦01
98
*91
*91
98
98
*91
08
*91
98
*91
98
Do leased line, 4 p. c .
§94 Feb 18 §04 Feb 18 88 Jan 07. Aug
7% 7% *7% 8}
*7% 8% *7% 8
8
*7%
Iowa
Central.....................
7%
7%
7%Mar 18
200
9%Jan 13
6 Apr 18%Sep
*27
30
♦27
80
*27
80’ *27
80
*26
*26
29
29
Do
pref.
26 Mar 12 85 Jan 8 28 J’ne; 41%Sep
6
6
6
6 K.. ....- 6
0
anawha & Michigan...
6 Feb 2 6%Feb 2
9%Aug
4
J’ne
*18 " 20% *Ï8” 20% *18
20% I I » « 19% *18" 20% *18" 20%
an. City Pitts. & G ulf..
200 18%Mar 24 24%Fëb 10 17%Dec 29%Sep
*8
*3
*3
4% *3
*3
*8
Keokuk & Des Moines.....
3 Jan 27
4%Feb 8
4% Aug
2 Feb
*12
*12
♦12
15
*12
*12
l i * *12
1
Do
pref.
16 Feb 19 18 Feb 2 12 Mar 28%Jan
♦32
35
*32
*32
85
85
*32
*32
85
85 Keokuk & Western.. . . . . . .
33 Feb 7 34 Jan 81 82 Feb 86%Oct
♦1
10
*1
10
*1
10
*1
10
*1
10
10 Kingston & Pembroke......
*1
2 Aug
1 Aug
♦13% 17
*13% 15
15% 13% 13% *13
15
*18
15
ake Erie & Western....
210 12%Mar 14 18%Feb 8 13 May 22%Sep
*68
75
70
*68
70
72
*70
78
68% 70
70
Do
pref.
230 66 Mar 14 76%Feb 8 58%Apr 79%8ep
179 179 §180 183
180 180% 179%180
180 180% §179% 179% Lake Sb. & Mich. South...'
2,023 70%Jan 4 194%Jan 29 152 Jan '181 Sep
*40
50
*40
*40
49
50
*40
50
*43
*40
50 Long Island.......... .
50
Jan 20 50 Feb 9| 88 D ec' 55 Jan
49% 50% 50
51% «50% 51
47% 49% 47% 49% 48% 49% Louisville & Nashville...! 42,415 40
45 Mar 26 60%Jan' 81 40%Apr 63%Sep
97% 98
96% 99% 97% 98% 94% 97% »4%
95%
9“
IVTAuhattanElev., consol. 50,120 91 Mar 26 120%Jan 14 81%May 113 Sep
139 141
139 142
140^ 140% 136%189% 136%188% 138 140% J-TXetropolitan
Street...., 85,496 125%Mar 26 171%Feb 14 99%Oct |133%Deo
*4
*4
5
*4
5
*4
5
*4
5 Mexican Central............ '■
5%Mar 21
6%Jan 8 It 6 Aug' 9%J’ly
♦1
2
1% *1% 2
*1
2
*1
*%
«
1% Mexican Nat’l, tr. rects..!
1 Feb 10
l%Feb 7
1 Nov
2%Aug
105 105
105 105 *105 107 *108 106
105%105% 103 107 Michigan Central......... . . .
405 99%Mar 12 114%Feb 8 90 Jan lll% S ep
*23
25% *23
25% *24% 25% 24% 24% 25
25
*24
26
Minneapolis
&
St.
Louis...
200 24 Mar 11 80%Feb 15 16 May 31%Sep
{81
82
§80
80
*80
82
*78
*80
84
*80
83
Do
1st pref.
75 85%Jan 18 88% Feb 15 77% Mar 90 Sep
•49
52
*49
52
*48
53
*47
50
50
♦49
53 ... Do
2dpref. 200 46 Mar 26 59%Feb 15 46 Feb 62%Sep
*5
*5
*5
*5
*5
*5
Mum. St. P. & s. S. Marie.
6%Mar 11
7 Mar l l
6 Dec
.6 Dec
*14
♦14
*14
*14
*14
*14
Do
pref.
! 10 Dec 10 Deo
*10% 11% ♦10% 11%
11% 10
10% *10
*10% 11% Mo. Kansas & Texas........
11
620 10 Apr 18 14%Jan 26 J10 Apr !6%Sep
32% S3
*82% 83% s m
81
82% 80% 32% *32
32%
Do
pref.
2,520 28%Mar 12 41 Jan 28 . 24%Apr 42, Sep
26% 27
26% 27% 27
37% 25% 26% 25%
26% 26% Missouri Pacific................ 12,305 22 Mar 12 35%Jan
28 10 May 40%Sep
*27
29
*27
80
*27
29
*27
29
*26
29
29 Mobile & O h io ........
*26
.
26 Mar 28 82%Feb 7 18 J’ne 132 Aug
♦171 175 *171 175 1175 175 §
175 *171 175 *171 175 Morris & Essex.................\
§167%Jan 4 §175 Jan 14 162%J’ne 178%Deo
ash. Chat. & St. Louis..
70 Jah 85 Sep
110%112% 111%112
109
110% 111
Y. Central & Hudson.. 16,874 105 Mar 26 119%Jan 28 92%Feb 115%Sep
*12
15
*12
14
§11% 11% *12
*12
14 N. Y. Chicago & St. Louis.
50 ll% M ar 14 15%Jan 81 11 Feb 17%Sep
*63
78
*68
73
*63
73
73
*60
73
*60
78
Do
1st
pref.
73 Feb 19 76 Jan 31 ‘ 67%Apr 81%Sep
*28
82
*28
82
*28
81
81
*28
81
*28
81
Do
2dpref.
28 Mar 25 40%Jan 29 24 Feb 43%Sep
New York & Harlem........
§320 Jan 5 §320 Jan 5 295 Feb 325 Deo
N.
Y.
Lack.
&
Western....
121 Jan 4 §123%Febl6 119 Jan 122 Mar
*184 187 *184 188 *185 188 *183 188 *184 188 *188 187 N. Y. New Haven & Hart.
§178%Jan 7 §195%Feb 2 160 Feb 185%Sep
14% 14?
14% 14? *14% 14?
14% 14% 14% 14% 14% 14% N. Y. Ontario & Western..
1,975 18%Mar 25 18%Feb 2 12%Apr 20% Sep
*12
14
*12
14
*10
14} *10
14% *10
15% *10
14 N. Y. Susq. & West., new.
8 Jan 8 18 Jan 5
6%May 20. Sep
♦28
20
*28
80
Do
pref.
23 Jan 10 88 Feb 11 18%May 45 Sep
Norfolk & Southern.........
65
Jan
28
65
Jan
28
*12% 15
*12% 15
*12%
*12% 15 Norfolk & Western...... .
15
*12% 15
14%Jan 25 17 Feb 7
9 Apr 17%Sep
46
46
46% *45%
46
44% 45
45
45
45% 46%
Do
pref.
1,863
12 56%Feb 7 22%May 48%Dec
23
23% 23
23% 23%
22
23
23% Nor. Pac. Ry., vot. tr. ctfs. 20,115 42%Mar
21% 22% 23
19
Feb
24
28%Jan
81
11'
Apr 22%Deo
67% 62% 62% 63% 62%
60% 61% 59% 60% 61% 62%
Do
pref. 88,498 56%Mar 12 69 Jan 31 32%Jan 61%Dec
Q m ah a & St. Louis.
7 Mar 5 7 Mar 5
8% Dec
5%Nov
*44
48
43 j *43% 48
§43
*43
48
*43
48 I *43
48
r.RR.& N.Co.vot.tr.cfs
50 85%Jan 7 54%Feb 1 10 Apr 41 Sep
* These are bid and asked prices; no sales on this day.
§ Less than 100 shares.
13
87
*12
;§* &
E
m ilb
ÎI*
Ì8*
F
I
K
J*
P
W
L
N
O U T S ID E S E C U R IT IE S
S tr e e t R a i I w a y s .
Bid.
NEW FORK CITY
Bleeck St & Fui F—Stock. 82
1st mort 7s 1900... J&J 103
B’ way & 7th Ave—Stock. 205
1st mort 5s 1904...J&D 105
2d mort 5s 1914___J&J 111
Con 5s 1948—See Stock E xchl
B way Surf 1st 5s gu . 1924 115
2d Os tnt as rental. 1905 106
Central Crosstown—Stock 20Q
1st M 6s 1 9 2 2 .....M&N 118
Cen Pk N & E Riv—Stock 173
Consol 7s 1902...... J&n 109
Ask.
(O rrE y
at
foot
of
7
c o x s e o u t iv e
S tr e e t R a i Iw a y s .
Bid. Ask.
Christ’p’r & 10th St-Stock 160 165
34
lstm ort 1898...... A&O 100% 103%
107
Col& 9th Ave 5s-See Stock Excn i ist.
212
D D E B & Batt’y—Stock.. 175 195
107%
1st gold 5s 1932... J&D 114 117%
Scrip 5s 1915......F & A 100 108
ist.
Eighth Avenue—Stock... 810 325
117
Scrip 6s 1914........... . . . 108
107
42d & Gr St Fer—Stock... 820 860
42d St Man & St N A v e .. 65
68
1st mort 6S 1910..M&S 115% 116
ISO
2d income 6s 1915.J&J 85«0
113
Lex Av& Pav F 5s-See Stk Exch 1 1st.
pages
Htreet Itati ways.
Metropolitan—See Stock
Ninth Avenue—Stock....
Second Avenue—Stock...
1st mort 5s 1909. .M&N
Debenture 5s 1909.J&J
Sixth Avenue—Stock......
So Fer 1st 5s 1919..A&O
Third Avenue—Stock....
1st mort 5s 1937...J&J
28th & 29th Sts 1st 5s.. ’96
Twenty-Third St—Stock.
Deb 5s 1906........... j& jj
Union B y—S t o c k ...,.......
).—
STREET RAILWAYS, &c.
Bid. Ask.
Exch 1 1st.
192 194
165 170
107^ 108%
195
106
166
120
108H
210
111
170
128
110%
103
175
206
S tr e e t R a ilw a y s .
Union Railway—(Conti1st 5s 1942...........F&A
Westchest 1st 5s ’ 48. .J&J
BROOKLYN.
Atlan. Ave., B’klyn—
1st 5s 1909........... A&O
Con 5s g 1931...... A&O
Im ptösg 1934. ....J & J
B. B. &W.E. 5s 1238.Aotu
Brooklyn City—S tock....
Conso 15s 1 9 4 1 ...,.J&J
B’klyn C.& Newt n—Stock
5s 1989..........
Bid. Ask.
111% 114
108'
106
105
80
83
196
112
185
j & j 118
109
87
85
200
116
THE
746
C H R O N I C L E — STOCK PRICES (2 pages) P age 2.
STOCKS—H IGH EST A N D LOW E ST S A L E P R IC E S.
Saturday,
A p ril 9.
M onday,
A p ril 11.
Tuesday,
A p ril 12.
Wednesday Thursday,
A p ril 13. A p r il 14.
F riday,
A p ril 15.
STOCKS.
N. Y. STOCK EXCH.
[V ol. LXVI
R ange f o r p r e
Range fo r yea r 1898.
Sales
o f the On basis o f joo-sK’re lots vious yea r (1897).
Week.
Highest.
Lowest. Highest.
Lowest.
Shares
6534Mar 29 72%Jan 20 37%Jan 73%Sep
69 Or. RR.,pref., vot. tr. ctfs.
*66
69
19%Jan 3 3394Feb 17 1794J’ly 2S94Aug
*28
3134 Oregon Short Line...........
*27
8134
2,076 L1094Mar 12 120%Feb 7 1083|Jan 119 Sep
■Pennsylvania..................
113
113
11334 11334
34J’ne 8%Aug
85
%Jan 7 l%Feb 11
JL
eo.
Decatur
&
Evansv..
*1
134
8%Aug
5 Apr
*1
134
4 Feb 28
534Feb 11
*334 6 Peoria & Eastern..............
88%Jan 5 4634Feb 7 ll% M ar 89%Dec
Pittsb.
Cin.
Chic.
&
St.
L
..
4634
*43
46%
*43
57 Mar 23 71 Feb 7 44%J’ne 70%Oct
Do
pref.
63
*60
63
*5.7
§168 Feb 25 171%Feb 11 150 May 172%Aug
Pitts. Ft. W. & Ch., guar..
*168
*168 ,
494Aug 12 Sep
Pittsburg & West., p ref...
6,720
* 15%Mar 25 ’ *23%Jan * 6 1694Apr 2934Sep
"P
eading,
voting
tr.
c
tfs..
15% 1694 1594 16% *16" 17 XV 1st pref., vot. tr. ctfs.
' ÌT * '
8,800 86 Mar 12 54%Feb 8 8834Apr 5794Sep
16% 17% “ l 7 - ‘ 17
3834
87“
3834
38
3791
8834
39%
8994
39%
3934
*8954
1,600 18%Mar 26 29 Jan 6 22%Apr 85%Sep
2d pref., voting tr. ctfs..
21
2034 *20
*21
21
2134 1934 2034 20
21
182 Jan 26 §184 Feb 15 175 Oct 185 Jan
*2034
Rensselaer & Saratoga—
*180
*180
*180
*180
*180
*180
23 Feb 21 25 Feb 11 1494J’ne 25%Sep
Rio Grande & W estem ....
I 5034Marl5 6134Jan 8 25 May 61%Dec
Do
pref.
§11634Mar26 §123 Jan 4 116 Mar 122%Dec
Rome Watertown & Ogd..
*118
120
120
*118
120
*118
*118
*117
*117 119J4
11934
9%Sep
800
534Mar 7
894Feb 11
334J’ne
J. & G. Isl., vot. tr. cts.
*6 ' 7
634 6% t.Do
*6
*594
7
7
*6
*6
140 45 Feb 24 56 Feb 10 3794J'ne 54%Dec
1st pref.
*45
50
47
§48
54734 4734 *45
48
50
48
*45
262 15 Mar 11 22%Feb 11 10%J’ly 2034Sep
Do
2d
pref.
§16
1
16
16
*14
15%
§1594
15%
19% *16
1934
*15
9 Aug
101
6 Mar 26
794Jan 8
4 Apr
7
7
*634 7 St. L. & S. Fr., vot. tr. ctfs.
§7
6% *634 7'
6%
500 52%Mar 12 58%Feb 7 37 Jan 59%Dec
*634 m
Do
1st pref.
57
*56
56
5634 *5534 57
57
*55
5634 5634 56
1,600 22%Feb 24 28 Feb
12 Apr 27%Dec
Do
2d
pref.
2594
2634
’
*2594
2634 2534 2534
26
26
2634 2634 2634
.26
7 Aug
120
394Jan 24
1 Apr
5 Feb 1
5 St. Louis Southwestern...
434 434 §434 494 *4
5
*4
*434 5
•♦4
200
794Mar 12 11 Jan 27
8%Apr 14%Sep
Do
pref.
*834 994
9
9
*9
10
*9
*834 10
0?94
*9
80
Sep
2034Jan
6
25
Jan
20
Jan
.
St.
Paul
&
Duluth.........
......
.
24
24
24
24
23
23
79 Mar 29 87%Feb 14 72%J’ly 87%Oct
Do
pref.
*78
80
*78
80
*78
80
80
*78
80
■*....... 80
100 128%Jan 12 138 Mar I 114 Jan 125 Aug
St.
Paul
Minn,
&
Man......
*129
134
*130
135
13034
18034
135
*180
185
•*180 135
8,280 12 Apr 13 22 Jan 12 13%Jan 28%Sep
I234 1234 13 Southern Pacific C o.. . . . . .
1334 12
14
1334 1434 12
1334 13%
1,995
7%Mar 26
7 Apr 1234Sep
9%Feb 10
7% 7% Southern, voting tr. ctfs..
7% 8
8
8
*734 8
834
8
8
6,168 23%Mar 26 3334Feb 11 22%Apr 889ÌSep
Do
pref.,
vot.
tr.
ctfs.
25%
26%
2534
26
2534 2634
27
2634 27
2634
1,960
8%Mar
12
8 Apr 15 Aug
12%Feb
15
exas & Pacific...... .
10
10 %
994 io
9% 10
*9% 1034
1034 *994 10%
255 160 Mar 26 194%Feb 16 146 May 173 Dec
hird Avenue (N. Y .)....
I6O34I6O34
167 *165 170 *165 170 §166 166
*165 170
§15
Feb
10
§15
Feb
10
20
Sep 26%Oct
Toledo
&
Ohio
Central—
........
25
25
........ 25
25
*
25
§40 Feb 10
§38% Feb
Do
pref.
........ 45
45
*.! "45'
........ 45
45
45
*
Ì494Dec
20
Apr
4
16%
Jan
12
9%Dec
Twin
City
Rapid
Transit..
*18
22
♦18
22
215%Mar 215%Mar
nited N. J. RR. & Can.
9,505 16%Mar 25 22%Feb 25
nion
Pacific
R
y
--------20
20
%
2034
19
1934
1934
19%
1994 2034 1994 2034 1994
Do
...pref. 152,797 45%Mar 12 63%Feb 2
52% 50% 52% 52% 53
5234 53% 52% 54% 53% 5434! 51
1 Apr ll% Sep
6%Apr 6 1034Feb 18
6% 734 Un. Pac. Den. & G., tr. rec. 47,115
6% 634
6%
694 694
694 7
6% 734
994Sep
4%Mar
7%Jan 12
634Mar 25
abash
.
7
7
*6
*6
*6
7
*634 7
*634 73I
*6
ll%
A pr 24%Sep
19%Jan
13
1434Mar
7
1,4*15
Do '
pref
*15% 1594 *15% 1634
16
*1534 1634 1534
1534 1594 16
2,060 8994Mar 25 102%Jan 8 100%Nov 112 Aug
90% 9034 West Chicago Street......
90%
90
90
90
90
v90
%J’ne 6%Jan
394Jan 11
615
l%Mar 29
2 Wheel. & L. E., $ 1 ass’t pd
*1%
234 *1%
2
•*i%
2
*1% 2
*1%
2%Apr 29 Jan
934Mar 12 16 Jan 12
Do
pref.
do
10% 10%
10%
*9
*8% 10% *8%
4%Aug
*094 10% §1034
1 J’ne
%Jan 6 3%Jan 17
Wiscon.
Cent.,
vot.
tr.ctfs
2
2
2
*134
*134
*134
*134
*134
8 Sep
♦134 2
6 Sep
5 Feb 5
5 Feb
Do
pref.
do
*8
*2
*2
4
*2
*2
M is c c lla n ’ s S to ck s
165
Oct
130
14734Feb
§180
Feb
10
*100
Feb
15
dams
Express............
104
*100 104 §100% 101% §100 100 *100
100 :
n o o 100
118 Apr 125 Jan
merican C oal.............
*100 140 *100 140 *100 140 *100 140
loo :
*100 140
26%Sep
"2
2
Ó
9%May
15%Mar
25
23%Jan
Ì'Ó
American
Cotton
Oil......
17% 17% §1794 1794 *1634 1734 *1634 1734
17
*1694 17
262 66 Mar 14 7734Feb 1 5234Feb 80%Sep
Do
Pref
70
*68
67% 67% §6834 69
71
*68
70
*68
§70
§116. Jan „ 130 Feb 14 109%Jan 119%Nov
120 127 *120 127 American Express...........
*120 127 *120 127
*120 127 *120 :
2,905
634N0V 15%Aug
9%Jan 26
6%Jan 20
American
Spirits
M
fg....
8% 9%
8% 9
§934 934
*9% 9%
934
934 934
428
16 Mar 26 22%Jan 31 15 Dec 36 Aug
Do
Pref
22
22% 21
21
*19
2034 *20
*21
*2034
2034
159%Sep
109%Mar
287,508
107%Mar
26
145
Jan
7
American
Sugar
Refining
116%
11834
115%
11894
11934 120%
11534 11734
118 11934 183
956 103 Mar 25 116 Jan 6 10034Jan 121%Sep
Do
pref.
107 107% 10834 10834 108 108
108 108
410894 10894 §109 109
■ 87 38 Mar 29 §93 Feb 11 85%Jan 94 J’ne
§91
91 American Teleg. & Cable..
92
*90
92
*90
92
*90
92
*90
90
90
96%Aug
10834 117 xl09 11834 American Tobacco........... 175,140 8394Jan 24 117 Apr 14 67%Feb 115 Aug
102%109% 107%109
IOI34 IO234
215 11234Mar 11 118%Feb 18 100 Feb
Do
Pref.
118 118 §116 117
*117 120 §117 117
*11434 119
8%Oct 16%Aug
4,360
5%Jan
21
2%Mar
21
ay
State
Gas.................
2%
3
*3
3
334
334
§3% 3%
360 106 Mar 26 125 Jan 24 85 Jan 137 Sep
rooklyn Union Gas......
§115% 115% 110% 111
111 111
*111 115
%J’ne 834Dec
6%Jan 3
8%Feb 28
Brunswick Co., Sdinst. pd.
5
*394 5
*434 5 ; *4
*434 534
2 Aug
%Jan 28
34Apr 7
%J’iy
olorado
Coal
&
I.
Devel.
1
*34 1
*% 1
*34
5 Sep
2
Oct.
2%Apr
8
29|Apr
8
Do
Pref.
3
*2
3
*2
*2
8
17 Mar 12 26%Jan 11 15%J’ne 27%Sep
Colorado Fuel & Iron........
*17
2
*19
21
85
May
70
Nov
Do
Pref.
*........ 9
* . . . . . . 90
794Aug
834J’ne
100
7%jan *18
4%Mar 25
Col. & Hock. Coal & Iron..
*5
*5
5
*5
*5
*534 6
162%May
162%May
Commercial
Cable.............
*150
*150
*150
18
*150
18
*150 180 *150 :
5,488 167" Mar 26 l9534Jan* *2*5 136%Jan. 241%Sep
179% I8O34 17534 17894 175 17594 177%179% Consolidated Gas (N. Y.)..
178 17894 179 :
150 . 2734Mar 25 3794Jan 24 28 Nov 41%J’ly
29% 29% *28% 29% *2894 29% Consolidated Ice................
*2934 31
*2834 8034 *2834
85 Jan 7 91 Feb 15 80 J’ne 90%J’iy
Do
pref.
91
*84
91
*84
....
*84
*8434 91
*8334
*8334 91
§45 Feb 14 §45 Feb 14 85 Feb 37%May
Consolidation Coal...........
*36
*36
*86 ....
*36 ....
*36
*86 ... .
1,400
55 Apr 15 62 Apr 8 20 Jan. 60 Nov
59
Detroit
Gas.......................
60
55
*59
60
60
62
6034
61
*60
62
659iMar 11 66 Mar 11
: ..
astern Elevator...........
61
61
........ 61
0134 '...... “ 61
"* 8 4 119 Apr 8 135 Jan 20 101%Jan. 132%SeP
dison Elect. 111. (N. Y .).
§118 118 £121 121
10694Mar 5 111 Feb 8 97 Feb 11534Aug
Edison Elect. 111. (B’klyn).
63%Apr 76 Sep
Erie Teleg. & Telephone..
28%May 41%Sep
5,454 2934Mar 12 8994Feb
82
3294 §3234 3234 8134 3194 32% 32% 32% 8294 General Electric................
3294
3634Feb
15
2034Apr
500
23%
TTawaiian
Com.
&
Sugar.
22
23
23
2334 2334 23%
*21%
2234 2234 22
92 Jan 27 92%Feb 10 81%J’ly 10134Oct
X L , B. Claflin Co..............
►j: ;
9994
48 Apr 2 46 Fèb 24 35 Mar 45%Dec
Homestake Mining...........
*42" !
*42* '
*42 " .
*42’
*42 ,
45 Mar 12 5594Jan 29 29%Apr 50 Aug
Illinois Steel.................
*45
*45
*45
*45 "55
*45
5,840 37%Mar 25 43%Mar 5 22 May 4994Aug
aclede Gas (St. Louis).
*40
43%
40
3934
3934
4234
85 Mar 12 94%Jan 14 7034Mar 96 Aug
Do
pref.
*85
*84
*85
90
*85
*85
7 J’ne
4 Aug
5%Jan 24
4 Jan 20
anhattan Beach Co....
*5
*5
*5
8
*5
*5
45 Mar 28 §51 Feb 2 40 J’ly 52 Dec
aryland
Coal,
p
ref.....
*45
*45
§50
55
*45
*45
145%Feb
10
.40
Mar
9
Mergenthaler
Linotype.
.
§140 :
54 Jan 29 §54 Jan 29 42 May 61 Sep
Michigan Penin. Car, pref
88 Apr 60 Aug
875 57 Jan 20 65 Feb
63% Minnesota Iron................
6834 *5934 6334 59% 59% 5934 5934 *58
5934 5934 *59
21%Feb 44 Sep
2634Mar 26 87%Jan
2,862
29 ‘VTational Lead...............
*80
8134 29% 30
2894 2934 29
30% 80% 8034 31
315 101%Mar 14 109%Feb 10 88%Feb 10994Sep
pref
104 104 §10834 105 *10294 107 §102)1 103 5103 10434 l v Ho
,§104 104
10 May 23%Aug
100
19
Jan
14
15
Mar
25
18
National
Linseed
Oil......
*14
17
*14
*15
17
16
16
*14% «
*1434 17
3 May 13 Aug
9 Feb 10
894Feb 10
National Starch...............
*5
7
*5%
*534 7
*5
7
*534 7
*534 7
60 Mar 25 80 Jan 18 51%Mar 90 Sep
Do
1st pref.
*60
*60
83
*60
83
*60
83
*60
83
*60
83
8%Apr 45 Aug
80
Jan
27
30 Jan 27
Do
2d pref.
*15
30
*15
*15
30
*15
80
*15
20
*15
80
494May 8%Aug
834Feb
100
634Apr 10
New Central Coal.. . . . . . . . .
*634 8
*634 8
*634 8
*634 8
*634 8
800 14 Apr 5 26 Jan 24 22 Dec 813|Aug
it *
16
16
N. Y. Air Brake................
6%Aug
3%Apr
6%Feb 17
434Jan 15
1,910
5
North American Co..........
*534 5
5% " 5 % " 5 %
*534 534
8%Nov 1094Jan
3}4Jan 4 334Jan
5
*3
Q n tario Silver
* i*
*8
5
*3
5
*3
5
5
*3
183ÌI)eo
12
Nov
30%Jan
22
19
Jan
8
"4OO
reg. Imp., 5th.instal.pd.
*26
27
28
27
2734 27
27
*2634 2834
3,456 22 Mar 26 82%Feb 4 24 Jan. 8934Sep
24
acific Mail.
23
24
2434 2434 24j "2434 "2434 2834 2434 23
§325 Mar 23 §350 Feb 25 380 Dec 340 Mar
*825
ennsylvania Coal.........
*325 .... *325 .
€
*325 875 *325
*825
92
9234 89% 9134 89% 90% 91
People’s Gas-L. & C. (Chic.) 17,881 86%Mar 26 99%Feb 11 91 Nov 97%Dec
9194 9234 9134 92:
408 165 Mar 12 18994Feb 11 152 Jan. Ì85 Sep
172 172 *170 173 §175 1
174 174
Pullman’s Palace Car.......
*170 174 *170 175
4%Aug
l% J’ne
234Jan
2 Jan 26
100
uicksilver Mining........
*1%
2
2
* 1%
2
* 1%
2
*1% 2
*1% 2
8 Apr 13 Aug
*8
7
*8
7
*8
*8
7
Do
pref.
*8
7
*8
7
6534Jan
5194Aug
5634Apr
4
56%Feb
24
*56
5634
ilver
Bullion
Certiflc’t’s.
*5594
*5594
5634
*5594 5634
143%Jan 21 §147 Jan 24 81 Jan. 140 Dec
tandard Gas (N. Y .) ..,.,
294Dec II94Jan
100
834Jan 8 5%Feb 16
4
4
*3% 4% "*3% ' 4% Standard Rope & Twine...
*334
434 *334 4
2P
17 Mar 12 28%Jan 11 17 May 353ÌSep
4,751
2034
20
%
enn.
Coal
Iron
&
RR
...
19%
19%
1934
20
20
1934
2034 2094 2034
9 Aug
6 Apr
594Jan 8 634Jan
exas Pacific Land Trust
37 Feb 48 J’ly
” 255 88 Apr 14 {45 Feb
88% §39
*88
4
§38" 40
♦sé”
nited States Express ..
* 88* ‘
42
£41 "
1034Aug
634May
200
5%Mar
14
794Feb
*534
6
6
nited States Leather ..
♦5%
*534 6
*5% 6
*5%
2,225 5394Mar 26 67 Jan 81 50 Apr 72 Sep
Do
pref.
5634 6734 56% 56% 57
5734 5834 §58% S fL
57
J’ne 2534Jan
200 1434Mar 12 21%Feb 15
18
*1694
United States Rubber......
*1634 19
*1634 1834 16% 16% *16
*1634
68
6534 6534 *64
68
68
775 60 Mar 12 74%Feb 15 50 J’ly 76%Jan
Do
pref.
*64
6834 67
*6434
105 §113 Jan 10 §120 Feb 14 97 Jan. 120 Dec
ells, Fargo & C o......
«11534 11534 *115 120 §115 115 *115 120 *115 120 §11534 110
86 Jan 17 86 Jan 17 68 J’ne 86 Aug
estem Gas (Milw.)...
594J’ne 10 SePÍ
"i'7'5 * 7%Jan 5 8 Jan 13
" 7 % "§794 "794 Western Union Beef......
*794 834 ' *734 **834 "* 8 ....... 834 "*7% "„834
8594
8234Mar 26 93%Jan 10 75%May 96MSepJ
85%
86%
87
87
Western
Union
Teieg’ph.
4,829
8634 8734
§86
* These are hid and asked prices; no sales on this day.
§ Less than 100 shares.
$ Ex dividend o f 100 per cent in bonds.
*65
69
*6634 68
*66
70
3134 *28
3134
*2734 3234 *28
114 .WA §11434 11434 II294 11334
1
134
134 *1
§34^*4
*334 6
*334 6
*3% 6
*43
46% *4334 4634 4334 4834
63
*58
63
*58
63
*57
*168 . . . . . .
*168
*168
*65
68
*28
3134
11234 11234
*1
134
*4
7
*48
4634
*58
63
*66
S
. .
T
U
A
B
C
E
L
M
P
Q
S
T
U
W
O U T S ID E S E C U R IT IE S
Bid. Ask.
S tr e e t R a ilw a y s .
' BklynCrosstnSs1908. J &J 104
12%
10
B’klyn Elevated.. . . . . . . . .
93
BkinHgtslst 5a 1941A&0 91
BQnsCo.&S.—1st »8.1941 105 108
Bklyn Rap.Tran.—See Sto ck Ex. List.
€al.Cem Gr.&B’kynlst 6s 110
Coney Island & Brooklyn. 140
1st 5s 1904.............J&J 100 103
5s certfs indbtl910.J&J 100 102%
Gr.St.&New lst5s’ 06A&0 104 106
G’p’t & Lorimer St. 1st t)s. 110
Kings Co. Elevat.—Stock
Bonds—See Stock Exch List.
(G t v e s t a t
foot
S tr e e t R a i l w a y s .
Kings Co Traction—Stock
Nassau Elec 5s 1944. A&O
NewWmb’g&Fllstex.4%s
NY& Qus Co 5s 1946. A&O
Steinway 1st6s1922.J&J
OTHER CITIES.
Balt Consol—Stock—See
Bridgep T r-lst 5s’ 23.J&J
Buffalo Street Ry—Stock.
1st consol 5s 1931.F&A
Crosstown 5s 1932M&N
Chicago City RR—Stock..
Citizens’ St (Iud’nan)-See
of
7 c o n s e c u t iv e
pages
).—
STREET RAILW AYS, <&c.
Bid. Ask. j
Bid.
S tr e e t R a ilw a y s .
45
Cleveland City R y...........
58
98 100
Clerel Cab-lst5s ’ 09 .J&J §100
Cleveland Electric R y ....
101 103
50
Con 5s 1913...... ..M&S §101
Columbus (Ohio)—Stock.
115 117
45
Con 5s 1932........... J&J
97
Crosst’wn-lBt5s’83J&D 95
Balt L ist.
§100 105
Consol Tract’n (N J)—See Phila
Lake St (Chic)Eiev-Stock 10%
78
80
§109 111 1 1st 5s 1928....-:....J&J
69
Louisv St Ry—5 p c scrip. § .........
§107 109
Common........................
40
230
90
Phila list. 1 Preferred....................
Ask.
62
102
58
104
48
99
list.
11
70
55
100
S tr e e t R a ilw a y s .
JiOve Elect Trac (Chic)...
Lynn&Bos-Ist5s ’24.J&D
Metrop West Side (Chic).
1st 5s 1942...........F&A
Minneap St Ry-5s ’ 19. J&J
New Orleans Tr—Com....
Bid.
§ ::::::
3%
{ 45
” *2"
13
Notes 6s 1 9 0 4 ....M&N
North Chicago—Stock.... 230
1st 5s 1906-16........J&J §104
10
No Shore Tr (Bost)-Com.
67
» Buver pavs accrued intere
THE
A pril 16, 1898 ]
BONDS.
r.Y . STOCK EXCHANGE *>.2
C»«
W e e k E nding A p e . 15.
P rice
F rid a y,
A p ril 15.
Bid.
CHRONICLE.—BO N D
Week'8
S
R ange or ISÄ
L ast Sale. pqGQ
R ange
fr o m
Jan. 1.
P rice
F rid a y,
A p ril 15.
BONDS.
A sk Low. High, No. Low. High
747
PR ICES (5 pages) P a g e 1 .
N.Y. STOCK EXCHANGE
W e e k E n din g A p e . 15.
Week’s
R ange or
L ast Sale.
s
R ange
fr o m
Jan. 1.
Bid. Ask, Low . High. No. Low . H igh
Ches & Ohio—(Con.)Gen g 4%s registered. .1992 M -S
Alabama Mid 1st gu g .. .1928 M-N
91 Jan.’98
91
91
R & A Div 1st con g 4s. 1989 J - J 101%103 102
102
101%105
Albany & Susq. See D & H.
2d con g 4s...............1989 J - J '........ 95
93% Mar’98
92
93%
Allegheny Val. See Penn Co.
Craig Valley 1st g 5s.. 1940 J - J
95% 99$,
99%
Feb.’
98
A m Dock & I. See Cen o f N J.
Warm Spr Val Istg5s.l941 M -S
A nn Arbor 1st g 4s....... 1995 Q -Jt 8316 Sale 8316
83% 10 82
Eliz Lex & B S gu g 5s. 1902 M -S
97%
99% 97%
97% 104
98
Atch T & S Fe gen g 4 s . 1995 A -O
86% Sale 8696 8816 613 86
Chic & Alton sink fd 6s. 1903 M-N 112%
112% Mar’98
112%112%
Registered................ 1995 A -O
8996 Mar’ 98
Lou. & Mo Riv 1st 7s..1900 F- A
89%
107 Mar’98
107 111
Adjustment g 4s........1995 Novt 58 Sale 5716 - 5916
53% 64%
2d 7s..........................1900 M-N
107% Nov’ 97
Registered................ 1995 Novi
St L J & C 2d gu 7s....1898 J - J
104% Mar’ 97
Equip tr ser A g 5 s.... 1902 J - J
Miss Riv B 1st sf g 6s.. 1912 A -O 103
Chic & St Louis 1st 6s.l915 M -S
Chic Burl & Nor. See C B & Q.
A tl Ay Bklyn imp g 5s. .1934 J - J
Chic Bur & Q con 7s...... 1903 J - J 113% ...... 114
114%
114 116%
Atlan & Danv 1st g 5s. .1950 J - J
9516 Apr.’98
95
98%
Sinking fund 5s.......... 1901 A -O 100 ....... 107 Feb.’ 98
104%107
Atlanta & Char. See Sou Ry.
Debenture 5s...............1913 M-N 104 ........ 105
105
105 109
Austin & N W. See So. Pac.
Convertible 5s............. 1903 M -S 104
...... 105% 105%
104%112
at Creek &S. See Mich Cen
Iowa Div sink fd 5 s.. .1919 A -O 106% ........ 109%Feb.’98
109% 109%
alt & O 1st OsPkbg Br.’ 19 A -O 10116 Sale 100% 101% 45 100 118%
4 s .............................. 1919 A -O
99 100% 98 Apr.’98
98 104
Gold 5s...............1885-1925 J?-A
98 Mar ’ 98
80 103
Denv Div 4s................ 1922 F -A
96 _____ 97 Apr.’98
97 101%
Coupons off............... .......
4 s ................................. 1921 M -S
92 ........ 93% D ec’ 97
Registered...... 1885-1925 F -A
95 Feb.’98
95
Chic & Iowa Div 5 s ....1905 F -A
Eng certf of deposit........
92
92%
9216
96% Nebraska Exten 4s....1927 M-N
95%
96%
96% Sale
95% 100
•Consol gold 5s............. 1988 F -A
97 Apr.’ 9S
98
97
Registered................1927 M-N
97% Mar’ 98
97% 97%
Registered................ 1988 F -A
Han. & St. Jos con 6s..l911 M -S
120% 119 Mar’ 98
119 123
J P M & Co ctfs of dep...
Mar ’98
97
97
Chic Bur & Nor 1st 5s.l926 A -O
105 Mar’98
105 110%
Balt B’lt lstg 5s intgu. 1990 M-N
Jan.’98
84
84
Chic & EI111st sf cur 6s. 1907 J - D
116% Mar’98
116%116%
W Va & P 1st g 5s...... 1990 A -O
Small...........................1907 J - D
M ononRiv Istgug5s.l919 F -A
1st con g 6s................. 1934 A -O
129 Jan.’98
129 130
Cen Ohio R 1st c g 4%sl930 M -S
99 Jan.’ 98
99 99
General con 1st 5 s ....1937 M-N
105
105
101%108
Col & Cin M 1st ext 4%sl939 J - J
Registered......... ¿..1937 M-N,
105 Apr.’98
101 105
Ak&C J Istintgug5s.l930 M-N
Chie&IndCRy 1st 5s.1936 J - J
109 Feb.’98
100%109
Coupons off......................
80 Nov’97
Chicago & Erie. See Erie.
Pitts & Con 1st g 4 s... 1946 J - J
10316 Oct.'97
Chic Ind & Louisville—
B & O S W Istgug4%s.l990 J -J
98% Jan.’98
98% 100
Louisv N A & Ch 1st 6s..’ 10 J - J 112
112 Mar’98
112 113%
B& O SW R ycong4% s 1993 J - J
99 Feb.’ 98
99
99
Chic Ind & L ref g 5s.. 1947 J - J ■ 82
82 Apr.’ 98
80
89
ls t in c g 5s ser A .... 2043 Novt,
Refunding g 6s...........1947 J - J ■ 98
96 Mar’98
96 105
Series B .................... 2043 Deci
9% Feb.’ 98
9% 9% Chic & Mil. See Ch. & N W.
B & O S W Ter Co gu g 5s.’42 M-N
Chic Milwaukee & St Paul—
■Ohio & Miss 1st con 4s. 1947 J - J
98
105% Jan.’98
105%105%
1st 7s $ gold R D ........ 1902 J - J 140
141
141
140 143
2d consol 7s........... ..1911 A -O *110
121 D ec’ 97
1st 7s £ gold R D ... .1902 J - J
1st Spr’gfleldDiv 7s. 1905 M-N
105 Mar’98
105 107%
1st Iowa & D 7s.......... 1899 J - J 140
140% Mar’98
187%140%
1st general 5s........... 1932 J - D
1st C & M 7s................ 1908 J - J 140
141 Apr.’98
140 144
Beech Creek. See N Y C & H.
Chic Mil & St P con7s.l905 J - J 140
141% Apr.’ 98
138 143
Bel & Car. See St L A & T H.
1st I & D Exten 7 s.... 1908 J - J 140
140% Mar’98
139% 142%
Boonev Bridge. See M K & T.
1st SouthwestDiv 6s.1909 J -J
119% Jan.’ 98
118%119%
Bway & 7th Av. See Met S Ry.
1st La Crosse & D 5 s.. 1919 J - J *113%...... 110 Mar’ 98
110 110
Bklyn City 1st con 5s 1916-41 J - J
116 115 Sep.’ 97
1st So Minn Div 6s. ...1910 J - J *H6 117 116
116
116 121
Bklyn El Tr C ocf Istg6sl924
80
Sale 79
79
87%
1st Hast & D Div 7s... 1910 J - J *125 ....... 130 Feb ’98
130 130%
Tr Co ctfs 2d g 5s....... 1915
5 s........................... ..1910 J - J
109 Oct.’97
2d instal pd......................
Chic,& Pac Div 6s...... 1910 J - J *117 118% 118 Mar’ 98
118 121
S & BBT Co cfs 1st gu g5s’42
70% D eo’ 97
Chic & P W ls tg 5s... .1921 J - J 115 115% 114% 115
118%117
2d instal pd.............. .
Chic & Mo Riv Div 5s. 1928 J - J
114% Mar’ 98
114%117
Un El Tr Co cfs lstgu g6s’37
80 Sale 80
80
80
87%
Mineral Point Div 5s..1910 J - J
107 Mar’98
107 110
Bklyn Rap Tr g 5s.......... 1945 A -O
92
93
90
91
97
91%
Chic & L Su Div g 5s. .1921 J - J
113% Mar’98
113% 113%
Bklyn & Montauk. See L Isl.
Wis & Minn Div g 5s. .1921 J - J
112
112 112
112 115%
Bruns & West 1st g 4s.. 1938 J - J
Terminal gold 5s........1914 J - J *110%
111 Apr.’98
111
115
Buff N Y & Erie. See Erie.
Far & Sou assu g 6s.. .1924 J -J
127% Jan.’98
127%127%
Buff R & P gen g 5s....... 1937 M -S 104%106 105
105
104%106
Cont sink fund 5s...... 1916 J - J
106% May’97
Roch & Pitts 1st g 6s..1921 F -A 121 .... 127 Mar’98
127 127
Dak & Gt So g 5s........ 1916 J - J
110
110
109 113%
Consol 1st 6 s ...........1922 J -D 118 ...... 12S
123
123 123
Gen gold 4s series A ...1989 J-J§ 103 106 103% Apr.’ 98
103%107
Cl & Mah 1st gu g 5s.. 1943 J - J
103 Apr’ 97
Registered................ 1989
105% Feb.’98
104%105%
Buff & Southwest. See Erie.
Mil & No 1st M L 6 s..1910
120 Mar’98
120 122%
121
Buff & Susq 1st gold 591.1913 A -O
1st consol 6s..............1913 J - D
121 122 Mar’98
122 123
Registered................... 1913 A -O
Chic & Nor West con 7s.1915
142
141 145
141% 142
Bur C R & N 1st 5s.........1906 J - D 105
106
106
105%109
Gold 7s........................ 1902 a
114% Apr.’ 98
114% 116%
Con 1st & col tr g 5s.. .1934 A -O *105
106 Mar’ 98
106 109
Registered................ 1902 J - D
115 115% Mar’ 98
115% 116%
Registered................ 1934 A -O
Sinking fund 6s.. 1879-1929 A -O
117 Mar’98
116% 118%
M & St L 1st gu g 7s.. 192 J - D
Registered...... 1879-1929 A -O
115 N’v.’97
C R I F & N W ls t g 6s..’ 20 A -O 102 .... 108 D ec’ 97
Sinking fund 5s. 1879-1929 A -O
106 Apr.’98
106 111%
1st gold 5 s .................1921 A -O *103 ....... 105 Jan.’ 98
105 105
Registered.. . . . 1879-1929 A -O
109% D eo’97
anada South 1st 5s... 1908 J - J 109% Sale 109% 110
108% 111
Sinking fund deb 5s.. .1933 M-N
117% Mar’98
117%118%
2d 5s.........................1913 M -S ........ 106% 106
106%
106 111
Registered................ 1933 M-N
117 Mar’ 98
117 119
Registered....................1918 M -S
106 Jan.’ 97
25-year debenture 5s. .1909 M-N 108 109% 107% Mar’98
107%110%
Carb&Shawn. SeeStLA&TH,
Registered.............1909 M-N
109% Mar’ 98
109%109%
Carthage & Ad. See NYC &H.
30-year debenture 5s.. 1921 A -O
116% Feb.’ 98
116%116%
C R Ia P & N . S eeB C R & N .
Registered................ 1921 A -O
117% Feb.’98
117% 117%
Central Ohio. See Balt & O.—
Extension 4 s ....1886-1926 F - A
105
Feb.’
98
105
107
Cen RR & Bkg Co o f Ga.—
Registered...... 1886-1926 F -A
Collateral gold 5s........1937 M-N
91% Feb.’ 98
91% 93%
Gen gold 3%s...............1987 M-N
Cent o f Ga Ry—lstg 5s..l945 F-Ai
115 114 Mar’ 98
114 119%
Registered................ 1987 -N
Registered ............... 1945 F-At
Escan & L Sup 1st 6s. .1901 - J
107 Mar’98
107 107
Consol gold 5s............. 1945 M-N
86% Apr.’ 98
Des Mo & Minn 1st 7s.l907 F -A
R egistered...............1945 M*-N
Iowa Midland 1st 8 s.. .1900 A -O
1st pref income g 5s. ..1945 Oct.* 38% Sale 38%
38%
44%
36
Chic & Mil 1st 7s........1898 J - J
102% 102%
101% 102%
2d pref Income g 5s__ 1945 Oct.i ...... . 14
11
12 }
11
Winona & St Pet 2d 7s.l907 M-N
15%
Sd pref income g 5s. ...1945 Oct.t
7% Mar’9
Mil & Mad 1st 6s........ 1905 M -S
7% 8%
117 Jan.’ 98
117 117
M & N Div ls t g 5 s.... 1946 J - J f 82
92 Jan.’ 98
92
92
Ott C F & St P 1st 5s..1909 M -S
109 Mar’ 98
109 109
Mobile Div ls t g 5s.... 1946 J - J ‘ 90
95% Jan.’ 98
95%
North Illinois 1st 5s.. .1910 M -S
108 Sep.’ 97
Mid Ga & Atl Div 5s. .1947 J - J ’ 75
M ilL S & W ls tg 6s.. 1921 M-N 134 135 136 Mar’98
Cent o f N J—1st con 7s. 1899 Q-Jt 103
104% Mar’98
104%104%
Convertible deb 5 s..1907 F -A
105% Feb’97
1st convertible 7s...... 1902 M-N 110
113% D ec’ 97
Ext & Imp s f g 5s.. .1929 F -A 112% ........ 117% Feb.’98
116% 117%
•Convertible deb 6s. ...1908 M-N
110%Feb.’ 98
110% 110%
Mich Div lstgold6s.l924 J - J *120 ..... 134 Mar’ 98
133 134
General gold 5s........... 1987 J - J 111% Sale '11% 112%
110 114%
Ashland Div 1st g 6s 1925 M -S 130 . . . . . . 135 Feb.’ 98
135 135
Registered................ 1987 !-Jt ......... 110 % 110% 110%
110 114%
Incomes............... ...1911 M-N 106 . . . . . . 110% J’l y ’ 97
Leh & WB C con as 7s.l900 J-MJ .........100% 100 Apr.’ 98
100 103% Chic Rock I & Pac 6s....1917 J - J 181 ........ 131 Mar’98
130 131
5 s.............................. 1912 M-N
Mar ’98
90
93
Registered...............1917 J - J . . . . . . 130% 128 Apr.’98
128 131%
Am Dock & Imp Co 5S.1921 J - J
115%
Apr.’ 98
111 116
Ext and collateral 5s.. 1934 J - J 106% Sale 106% 106%
105% 106%
N J South int guar 6s.. 1899 J - J
Registered............... 1934 J - J 1 0 6 % ......... 106% 106%
105 106%
Central Pacific—
Debenture 5s...............1921 M -S 105%105% 105% 105%
104%108
Speyer & Co ctfs dp A. 1898
103 Feb.’98
103 103
Registered...............1921 M -S
Speyer & Co ctfs BCD. 1899
103 Feb.’ 98
103 103
Des M & Ft D 1st 4 s.. 1905 J - J
85
92
92 Feb ’98
Ext g 5s series E ........ 1898 J -J
103 Feb.’ 98
102 103%
1st 2%s..................... 1905 J - J
70 Feb.’98
70%
Speyer & Co ctfs dep E.1900
83 Mar’97
Extension 4s...... ...1905 J - J
Speyer & Co ctf FGHI.1901
Keok & Des M 1st 5s.. 1923 A -O
108%Feb.’ 98
105%109
San Joaquin Br g 6s. ..1900 A -O
102% 105 Feb.’98
105 105
Small................................. A -O
100 A pr’97
■Guaranteed g 5s......... 1939 A -O
Chic & St L. See A t T & S F.
Speyer & Co eng cts........
Chic St L & N O. See 111 Cent.
Land grant gold 5s.... 1900 A -O
102 Mar ’98
100%102 Chic St L & Pitts. See Pa Co.
-C & O Div ext g 5 s .... 1918 J - J
101 Jan.’ 98
101 101 Chic St P M & 0 con 6s..1930 J - D 128
133 Mar’98
133 138
Western Pacific g 6s. .1899 J - J
102% 101 Mar ’ 98
101 103
130 Mar’98
Ch St P & Min 1st 0s.. 1918 M-N 128%
130 133
No o f Cal 1st gu g 6s.. 1907 J - J
Nor Wisconsin 1st 6s..1930 J -J
Guaranteed gold 5s. 1938 A -O 100
100% 101
100
St P & S City 1st g 6s. 1919 A -O 125 127 131 Mar '98
131 1329
102%
CentWash 1st g 6s tr ctfsl938
' 40
40 Feb.’98
40
40
82%
79% 879
Chic Ter Transfer g 4s ..1947 J - J
81% Sale 81%
Charles & Sav 1st g 7 s..1936 J - J
Ch & West 1 1st s f g 6s. 1919 M -N
106 J’ne’97
Ches & O—P M fd gs 6s. 1893 - J * 101 % ............. 101% Jan. 98
101% 101%
General gold 6s........... 1932 Q -D
117% Apr.’98
117%122%
Gold 6s series A ..........1908 A-Ot *115 120 119% Mar’98
119%120% Chic & WestMichRy 5S.1921 J - D
Gold 6s........................ 1911 A-Ot *115 120 119% Mar’98
119%120%
Coupons off..................1921
1st cons g 5s................ 1939 M-N 113 113% 113
113%
112%117
Cin H & D con s f 7 s ....1905 A -O
119 Oct.’97
Registered................ 1939 M-N
114 Feb.’ 98
113 114%
2d gold 4%s................ .1937 J - J
103% Oct.’ 97
Gen gold 414s.............. 1992 M-S 76% Sale
76%
78
73% 84%
Cin D & I 1st gu g 5s. .1941 M-N
111 Mar’98
110% 111%
kron & Chic Jnc. See B&O.
A lafcama
Cent. See Sou Ry.
E
C
* No prices on Friday; these are latest prices this week,
O U T S ID E S E C U R IT IE S (G iv e n S tr e e t R a ilw a y s .
Bid.
Prov & Pawt’ck-lst 5s ’83 §103
Richm Ry&Elec-lst 5s’20 § 73
Rochester R y...................
16
Con 5s 1930......... A&O 95
Scranton Traction....... 50 t 7
Bo Side El ¿Chic)—Stock. 61%
Twin City R Tr—Com....
14
Preferred......................
Un’d Tr&Elec(Prov)-St’k 59
ls t 5 s l° 3 3
-.-..M&S §105
West Chicago et..............
90%
Con 19 36,........... M&Ni 92
i
Ask.
10
20
100
62
107
t Bonds due July,
a t foot of
G a s S e c u r itie s .
Worcester (Mass)Tr-Com
Preferred......................
Bid.
15
92
t Bonds due Nov.
||Bonds due June.
T Bonds due Jan.
§ Bonds due May.
7 c o n s e c u t iv e p a g e s ) . — GAS SECURITIES, Sc.
Ask.
17
94
NEW YORK.
Central Gas...................50 t215
Central Union Gas—
1st 5s 1927.............. J&J 100
Consol debenture 5s.... 107%
Con Gas (NY)—Stock—N Y Stk Exch
Deb 5s 1908......... M&N 107%
Equit Gas (dep)—Stock.. 205
1st n« i s o o ........... F&A H09M i 04
G a s S e c u r itie s .
Bid.
Equit.G.—Con.5s’32.M&S §112%
Mutual Gas....... .
290
New Amst Gas—Common 25
Do pref.......................
64
1st consol 5s..............
96
N Y & E Riv (dep) com
77
Do preferred..............
114
1st 5s 1944.............J&J 108
Consol 5s 1945...... J&J 104
Nor Un 1st 5s 1927. .M&N 90
Standard Gas;—Common.. 125
Do prefem d............ .
145
1st 5s 1 9 3 0 ....... M&N §112
Ask.
116
800
26
66
98
78
118
110
106
95
132
155
114
G a s S e c u r itie s .
Bid.
BROOKLYN.
Brooklyn Un Gas—N Y St ockEx
1st con 5s—N Y Stock Exch.
Williamsburg Gas—1st 6s 108
OTHER CITIES!
Baltimore Consolidât—Se e Balt.
Bay State Gas—N Y Stock Exch.
Incomes ........................
Boston UnitedGas Bonds- -Bosto
Buffalo City Gas—Stock.. , 35%
1st 5s 1947......... .A&O § 90
Burlington (Ia)Gas—Stck
*And interest. fPrioe per ah
Ask
ch.
List.
nList
26%
92
are.
K .Y . STOCK E X C H A N G E
W e e k E n din g A p e . 15.
•8Ï
Sí1
P rice
Friday,
A pril 15.
Week's
B a n ge or
Bast Sale.
$3
B ange
from.
Jan. 1.
BONDS.
N .Y. STOCK E X C H A N G E
W e e k E n d in g A p e . 15.
Bid. Ask. Low. High. No. Low. High
C I S t L & C . SeeCCC&StL.
Cln 8 & C. See C C C & St L.
City & S Ry Balt 1st g 5s. 1922 J - D
Clearfield & Mah. See BR&P.
Cl Ak & C eq & 2d g 6s..l930 F -A
70
73«
7 3 « Mar ’98
Cl & Can 1st 5s tr re c.. .1917 J - J
84 Oct.’ 97
C C C & St L—Gen g 4s..1993 J - D
89
90
90 Jan.’98
88
Cairo Div 1st gold 4s. .1939 J - J
95« 98«
95«
95« 95«
St L Dlv 1st col tr g 4s. 1990 M-N
90
93
90 Mar ’98
Begistered...... .
1990 M-N
Spr & Col Div ls tg 4s. 1940 M -S
87« 88«
8 8 « Jan.’ 98
W W Val Dlv 1st g 48.1940 J - J
89
90
90
90
Cln W & M D ly 1stg4s. 1991 J - J
101 101
101 Jan.’ 98
Cln 1 St 1. & C ls tg 4s.l986 Q-Ft
Registered . ............. 1936 Q-Ft
Consol 6s.................1920 M-N
114 Oct.’97
Cln S & Cl con lstg Ss.1928 J - J
1 0 7 « Feb ’97
Ind B1 & W 1st pf 7s.. 1900 J - J
O Ind & W 1st pf 5s... 1988
70
78«
76
76
75
76
Peo & East 1st con 4s. 1940 n *
21 Aug’ 97
Income 4s.................1990 A p r
1
0
4
«
1
05«
M-N
10
5«
Mar’
98
noi”
!!!!!
Cl C C & Ind 1st s f 7 s.. .1899
132 137
182 Mar’ 98
Consol 7s...... > ..i........1914 J - D
Consol sinking fd 7s.. .1914 J - D
128 Nov’97
General consol gold 6s.l934 J-J *128«
Registered . . . . i ....... 1984 J - J
10 7 « Oct.’97
C&S 1st M C C C & 17S.1901 A - O
100 102«
100 Mar’98
Cl Lor & Wh con 1st 5s.1938 A -O *“97” !
Cley & Marietta. See Pa RR.
J
J
Cley & Mahon Val g Cs. .1938
Registered...............1988 Qu-J
Clev & Pitts. See Penn Co.
59
68
62
62
58
62
Col Mid Tr cfs 1st g 6s. .1936 J - D
Tr Co cfs cn g 4s st gu 1940 )
1
7
«
21«
F
A
1
9
«
Mar’98
1
6
.
.
.
.
.
.
Assented all instlmt p aid .)
Col & 9th Av. See Met St Ry.
Colum & Greeny. See So Ry.
75 Oct.’ 97
C o lH Y & Tol cong 5s.. 1931 M -S
7 2 « 82
72«
J P M & Co eng cfs $65 pd.
*1«
n * 7612 « Feb.’
54
61
J
D
98
52
60
General gold 6s........1 9 0 4
85 ........
General lien gold 4 s.. .1996 J-J
Registered...... .. 1996 J-J
Col & Cin Md. See B & O.
Col Conn & Term. See N&W
Conn & Pas Rivs 1st g 4s.’43 A - O
ak & Gt So. See C M & StP.
alias & Waco. See M K&T.
122 128
Del Lack & Western 7s..1907 M -S 120 129 122 Apr.’98
125« 125«
Syr Bing 4 N Y 1st 7s.l906 A -O 119 125 1 2 5 « Mar’98
140 144
Morris & Essex 1st 7s. 1914 M-N 186 ....... 140 Mar’ 98
1900 J -J 108 ....... 109 Nov’97
7 s ..............
11 8«1 18«
7s.................1871-1901 A -O 107 110 11 3« Feb.’ 98
187 142
1st con guar 7s^....... 1915 J - D 135 140 13 9 « 13 9 «
Registered...;« ....1915 J - D
138 1 3 8 «
N Y Lack & W 1st 6s. .1921 J-J '188 140 188 Feb.’98
11 8 « Nov’97
Construction 5s...... 1928 F -A
Warren 2 d 7 s ..........1 9 0 0 A -O
14 7 « Aug’ 97
Del & Hud 1st Pa Dlv 78.1917 M -S
143 May’9“
Registered................1917 M -S
12 5«1 25«
12 5 « Feb.’98
Alh & SusTstcongu7sl906 A -O
Registered.................1906 A -O
117 11 8 «
11 7«F eb.’98
Gold 6s...> ..........1 9 0 6 A -O
117 117
117 Feb.’98
Regist ered. . . . . . . . . 19 06 A -O
14 8« Aug’97
Rens & Bar lst7 s(;...... 1921 M-N *188
1 4 4 « 145
145 Feb.’98
Registered
1921 M-N *138
Del Riv RR Bge. Sfie Pa RR.
Den Con Tr Co ls t g 5s..1988 A -O
Den Tram Co con g 6s. 1910 J - J
Met Ry Co 1st gu g 6s.l91i J-J
87« 95«
8 7 « Apr.’98
Den & R Gr 1st cong 4s.l986 J - J S 9 « 91
108 11 0«
108 Apr.’ “
1st gold 7 s ..................1900 M-N
8 5 « 93
8 9 « Apr.’98
Improvement gold 5s.1928 J -D ”87” !!!!!
Des M & Ft D, See C R & I P.
Des M & Minn. See Ch & N W.
97 100
Des M Un Ry 1st g 6 s ...1917 M-N * 9 7 « ... . . 100 Mar’98
15
18
1 7 « 17«
1 7 « Apr.’98
Det M&M Id gt 8 « s S A.1911 A -O
DetM&Tol. SeeLS&MSo.
Det & Mack Istlieng4s.l995 J - D * 50
Gold 4
s
.
.
1995 J - D
104 11 0«
105 10 7 « Mar’98
Dnl & Iron Rknge Ist5s.l987 A -O
Registered.
«1937 A -O
2d lien mortgage 6s... 1916 J - J
92« 92«
9 2 « Feb.’98
Dul Red W & S 1st g 5s.1928 J - J
104 102 Apr.’ 98
102 107
■Dul So Shore & At g 5s. 1987 J -J
ast o f Minn. SeeptPM&M.
ast T Ya & Ga. See. So Ry.
Eliz Lex & B S. See C & O.
Elm Cort & No. SeeLeh&NY.
118 116
116 118 Feb.’ 98
Erie 1st ext g 4 s .........194 7 M-N
1 1 6 « D ec’97
2d ext gold 5s.... . . . . . . 1919 M -S
108 108
108
108
8d ext gold 4 « s . ......1 9 2 8 M -S 108
12Q« Oct.'97
4th ext gold o s........1 9 2 0 A -O
1 0 4 «1 0 4 «
5th ext gold 4s...........1928 J - D 104 105 * 10 4 « Feb.’98
14 1 «1 4 7 «
141 14 1« Mar’98
1st consol gold 7s...... 1920 M -S
140 143
140 Feb.’ 98
1st consol gold fd 7s.. 1920 M -S
13 8 « 188« 10 1 3 8 « 139
Long Dock con gold 6s.l985 A -O 130
141 Sep.’97
Buff N Y &Efie Ist7s.l916 J - D *180
Buff & S W gold 6s... .1908 J-J
J -J
Small
106 106
' Jeff RR 1st gu gold 5s.l909 A-O! 102 .... 106 Feb.’98
110 113
111
Chic & Erie 1st g 5s.. .1982 M-N 1 1 1 « Sale 111
Coal & RR 1st c gu 6s.l922 M-N
Dock & Imp 1st cur6s,1918 J - J
10 5« Oct.’ 97
N Y & Green L gu g 5s. 1946 M-N
Sm all........... ....... ..............
8 7 « *88*- 64 8 5 « 93
Erie 1st con g 4s pr bds. 1996 J - J ..... 88
Registered............. .1996 J - J
68« 74«
69 Sale 6 9 " *69”
1st con genlieng 8-4s.l996 J - J
Registered........ ,.,....1996 J - J
Escan & L Sup. See; C & N W.
65 Nov’97
Eureka Springs 1st g 6s.1983 F -A
114 117
114
Ev & T H 1st con 6 $:-----1921 J - J *114 117 114
82
82«
82
82«
1st general gold 5s... .1942 A -O
Mt Vernon 1st 6s.!.... .1928 A -O
Bull Co Br’ch 1st g 5s.. 1980 A -O
7 7 « 78
7 7 « Feb.’98
Ev&Indlst con gu g 6sl 926 J-J
argo &So. See Ch M& St P.
1 1 3 « 117
lint & Pere M g 6 s ..«.1920 A -O 112 118 115 Mar’ 98
8 9 « 95
9 4 « Feb.'98
1st consol gold os...... 1989 M-N
83
92«
85
85
P t Huron Div 1st g Ss.1939 A -O ***8*0 92*
D
E
«
«
F
•No prices on Friday; these are latest prices this week.
Bid. Ask.
Chicago Consumers Ist 5s io i«
Chicago, Gas—See N Y Sto ck Ex ch.
Cicero Gas Co ist 6s... ••• 100 102
City Gas (Norfpik V a)... .
Columbus (O) (Jas—Stock
Ist 5sJ932. J.......J& J
Consolidât Gas (Balt) See
Consolid Gas (N J)—Stck
Ist 5s 1930............ J A f
86
100
85
? 97«
Balt L
18
75
88
104
87
100
ist.
21
80
G
a lA & G R . See L S & MS.
an & Mich. See Tol & O C.
K C & MR&B 1st gug 5s. 1929 A -O
K C P & G 1st & col g 5s. 1923 A -O
Kan C & Pac. See M K & T.
Kansas Mid. See St L & S F
Kansas Pac. See Union Pac
Kentucky Cent. See L & N.
Keok & Des M. See C R 1 & P,
Kings Co El ser A 1st g 5s ’25 J - J
Ful El 1st gu g 5s ser A .’29 M - 8
Knoxville & Ohio. See So Ry
ake Erie & W 1st g 5s.l937 J - J
2d gold 5s............. ..1941 J - J
North Ohio lstg u 5s.. 1940 A - O
Lake Shore & Mich South—
Det Mon & Tol 1st 7s.1906 F -A
Lake Shore divld 7s... 1899 A -O
Consol 1st 7s...........1900 J - J
Registered ...!....... 1900 Q-JS
Consol 2d 7s............. 1908 J - D
' Registered.........1 9 0 3 J - D
Gold 8 « s . ...........1 9 9 7 J - D
Registered.........1 9 9 7 J - D
Cin&Sp 1st guL S&M S 7s’ 01 A -O
K A & G R Istguc5s.l988 J - J
Mahon Coal RR 1st 5s.’S4 J - J
Leh Val (Pa) .coll g 5s. .199 M-N
Registered .......... .....1997 M-N
L V s N Y Istg u g 4 «s ..l9 4 0 J - J
Registered...............1940 J-J
Leh V Ter Ry lstgu g 5sl941 A - O
Registered .................. 1941 A - O
L V Coal Co 1st gu g 5s..1988 J - J
Registered................... 1988 J - J
Leh & N Y 1st gu g 4s. ..1945 M -S
Registered................... 1945 M -S
El C & N 1st g 1st pf6s.l914 A -O
Gold guar 5s............. 1914 A -O
Leh & Wilkesb. See Cent NJ.
Leroy & Caney Val. See Mo P.
Lex Av & P F. See Met St Ry.
Litch Car & W 1st g 6 s.. 1916 J - J
Little R&Mem ls tg 5s 1937 )
Trust Co certfs............... )
Long Dock. See Erie.
Long Island 1st 7 s......1898 M-N
JS
1st cong 5 s.......... ....1981 (—
General gold 4 s ....... 1988
Ferry 1st gold 4 « s ..» . 1922 M -S
Gold 4s........................1932 J - D
Debenture gold 6s...... 1984 J - D
N Y & R B ls t g 5 s.... 1927 M- S
2d income................ 1927 Sep
N Y B & M B cong 5s. .1935 A -O
Bklyn & Mon 1st g 6s. 1911 M -S
1st 5s......................1911 M -S
O
Nor Sh b 1st con g gu 5s. .’ 82
J
N Y Bay E xR lstg u g 5 s’48
Montauk Ex gu g 5s. ..1945 J - J
La & Mo Riv. See Chi & Alt.
LE & St L Con eng 5s.1939. )
Tr Co certs.......................5
General gold 4s..........1943 M -8
foot
S e c u r itie s .
ConsumGas (J City)—Stk
Ist 6s.....................M&N
Detroit Gas—Stock..... 50
Consol 5s 1918....F&A
Ihcomei 5s .....................
Denver Consolidated Gas
Fort Wayne (Ind)—Stock
Ist 6s 1925............ J&J
Grand Rapids—Stock.....
ist 5s 1 9 1 5 . F&A
Hartford (Ct) G a s L ...25
Indiana Nat&III Gas—Stk
Ist 0s 1908............MAN
of
Bid. Ask.
74 ' 78
10 2« 104
57
60
90
93
92
95
78
81
89
91
79
76
§100 102
t ......
57
60
73
5
7
W eek’s
B a nge or
L ast Sale.
P rice
F rid a y,
A p r il 15.
IS
B ange
fr o m
Jan. 1.
Ask. Low. High. No. Low. High... . . .
Bid.
*105
106
67
56
. . . . . 105
....... 88
66
Sale
Mar’ 98
Apr.’98
56
105 105
65
75
5 4 « 69«,
87
*100
90
108
83
Mar’98
Aug’97
Feb ’97
8 8 « 92
H
I
1 1 8 « 115
115 Mar’98
11 2 « J’ly ’ 97
1 0 2 « Sale 10 2 «
10 2 «
* 95
........ i o i «
Sale 108
101 100
101
........ 99
Apr.’98
108
Mar’ 98
Mar’ 98
Sep.’ 97
*103
........
102
103
*100
121
105
101
1 0 1 « 102
103 103
100 102«
101 101
103
« 12 0« Mar’ 98
■105«
105
102«
105
12 0« 1 2 3 «.
11 8« A pr’ 97
10 8« Jan.’ 98
10 3 « 1 0 3 « ,
105
Dec’ 97
■113«,
■ 90 ,
90 ,
90
Nov’97
98
86
Mar’98
Jan.’98
98
* 84
121 128
83
80
....... 47
99
99
Feb.’ 98
81
Mar’98
99
12 1«
78
44
97
12 8«;
90
60
103«.,
74
81«
.....
79
47
97
86
104
88
K
74«
45
$ Bonds due April.
c o n s e c u t iv e
117 116« Mar’98
9 9 « 9 9 « Mar ’ 98
10 8« 10 0 « Jan.’ 98
106 108
. . . . . . 10 7«
Ï........ 119
120
......
101 ....
12 0 « Oct.’ 9
106« Feb.’98
107 Apr.’98
10 5« Apr.’ 98
119 Mar’98
119
119
102 Apr.’98
108 Mar’98
1 0 8 «D ec’9
125
102
103
107
111
103
*88*
50
88
11 5 « 1 1 7 «
99« 103«
100 100«
106
107
10 5 «
119
119
106«
1.10
109«
120«
119«
108
105
102 1Q6«
D ec’ 97
10 0 « 104«i
111 Mar’98
10 9« J’ly ’ 97
9 2 « Mar’98
in ” 112«
92
Feb.’98
101
Sep.’97
1 0 1 « Nov’97
120 Mar’ 98
88 Apr.’ 98
8 6 « Apr.’98
100
«
101
12
10 0 « Apr.’98
92« 9 2 «
*92" *92"
1179h 120
85V| 89
8Ö& 90
May’97
10 7« D ec’ 97
33 Feb.’ 98
9 « Aug’97
1 Bonds due January.
p a g e s ) .—
75
Mar’ 98
Mar’98
88
L
(■Bonds due August.
r
G a s S e c u r itie s .
Charleston (S C) Gas...25
Fla Cen & Pen 1st g 5s. .1918 J - J
1st land gr ext gold 5s. 1930 J - J
Consolgold5s...... .'...1943 J - J
Ft S & V B Bge. See StL&SF.
Fort St U D Co 1st g 4 «sl941 J - J
Ft W & D C—1st g 4-6s. 1921 J - D
Ft W & Rio Gr 1st g 8-4S.1928 J - J
Fulton Elev. See Kings Co El.
a lH a r& S A . See S P Co.
al H&H of ’82 1st 5s.l918 A -O
Ga & Ala Ry 1st pf g 5s. 1945 A -O
Ga Car & No 1st gu g 5s.l929 J - J
Georgia Pacific. See So Ry.
Grand Rap & Ind. See Pa Co.
an & St J. See C B & Q.
ousatonic. See NYNH&H,
Hous & Tex Cen. See So P Co,
llinois Central—
ls t g 4 s ....................1951 J - J
Registered................ 1951 J - J
1st gold 8 « s .......
1951
Registered........... ..1951 J - J
1st gold 3s sterling... .1951
Registered.................1951
Coll Trust gold 4s... ».1952 A -O
Registered...... ......... 1952 A -O
L N O & Tex gold 4s. .1953 M-N
Registered................ 1953 M-N
Coll tr 2-10 gold 4s... .1904 J - J
Registered................ 1904 J - J
Western Line 1st g 4s.l951 F - A
Registered ............... 1951 F -A
Cairo Bridge gold 4s.. 1950 J - D
Registered...............1950 J - D
Middle Dlv reg 5s.......1921 F - A
Chic St L & N O g 5s.. 1951 J - D
Registered ...............1951 J - D
Mem Div 1st g 4 s... .1951 J - D
Registered............. 1951 J - D
St L A & T H 1st & term
1898 J - D
gold 5s.............
Registered................ 1898 J - D
Bellev & Car 1st 6s... .1928 J - D
St L Sou 1st gu g 4 s.. .1931 M -S
Carb & S 1st g 4s........ 1982 M -S
In d B l& W . See C C C & St L.
Ind Dec & W 1st g 5s.. ..1935 J - J
Ind 111 & la 1st gold 4 s.. 1939 J - D
1st ext gold 5 s...'....... 1943 M -S
Int& Gt No 1st gold 6s. 1919 M-N
2d gold 5s.....................1909 M -S
3d gold 4s.....................1921 M -S
Iowa Central 1st gold 5s.l9S8 J r D
Iowa Midland. See Ch & N W.
Jefferson RR. See Erie.
[Vol. LXVi.
0
CO
BONDS.
C H R O N I C L E .— BOND PRICES (5 pages) Page 2.
O
CO
THE
748
32
88
I Bonds due July.
G A S S E C U R I T I E S , &c.
G a s S e c u r itie s .
Indianapolis Gas—Stock. 110
1st 6s 1920........... M&N 105
Jersey City Gas Light—
Laclede Gas—N Y Stock Exch.
83
Lafayette (Ind) Gas—Stk 78
91
1st 6s 1924........... M&N 90
60
Loganspt & Wab Val—Stk 57
74
1st 6s 1925 . . . . . . . . J&D 70
Louisville Gas L igh t.....
60
Madison (Wls) Gas—Stck 56
1st 6s 10>i>........A&O § 98 101
Memphis Gas. . . . . . »... »-..
Minn Gas 6s 1910....M&S
G a s S e c u r itie s .
New Orleans Gas Light..
Ohio & Indiana—Stock...
54
1st 6s 1926 ........... J&D 66
Peoples Gas & Coke—N Y Stock
Philadelphia Co........... 50 t ........
Pittsburg Gas...........5 0 t ........
Portland (Me) Gas L.. .50 t ........
St Joseph (M o)..............
34
5s 1937.......
J&J 3 3 «
35
St Paul Gas—Stock.. . . . . .
Consol 5s 1944 ,...M&S 75
Syracuse Gas—Stock......
17
§And interest. fPrice per sh
57
69
E x ck i
89
87« :
40
80
19
are.
TH E
A p r il 16, 1898.]
Si
BONDS.
£§
H. Y . STOCK EXCHANGE
g js
W e e k E nding A p r . 15. •5ft«
CHRONICLE.—BOND PRICES
P rice
F riday,
A p r il 15.
Week's
R ange or
L ast Sale.
B id. Ask. Low. High.
Louisville & Nashville—
100 Nov’ 97
Cecelian Branch 7 s ....1907 M -S 101« ,
120 12 1 « Mar’98
N O & M ls t g 6s........ 1930 J - J
10 7 « Feb.’OS
2d gold 6s.................1930 J - J *100
113 Apr.’ 98
I H t Nash lstg 6s.. .1919 J - D 113
118 117 Apr.’98
General gold 6s...........1930 J - D
1 0 3 « 8ep.’97
Pensacola div gold 6s. 1920 M -S *102
121 J’ly ’97
St L div 1st g 6s......... 1921 M -S
2d gold 3s.................1980 M -S
110 D eo’97
Nash & Deo 1st 7s.......1900 J - J *105
Slnkfd (S&A) g 6s....1910 A - O
94
8& N A con gug 5 s.... 1930 F -A
95 Mar’98
104 Apr.’98
Gold 5s........................1937 M-N 100
85
8 5 « 86
Unified g 4 s ............... 1940 J - J
80«
Registered............... 1940 J - J
Pens & Atl 1st gug Os.1921 F- A
100 Mar’ 98
Coll trust g 5s.............1931 M-N 101) 102 102« 102}
L&N& M&Mlstg 4 « s . 1945 M -S 1O0J.
1 0 6 « Sep.’9
88 « 8 7 « Apr.’ 98
NFla& S IstgugSs ..1937 F -A
85
Kentucky Cent g 4s...1987 J - J
85
85
L C in & L e x g 4 « s ....l9 3 1 M-N *108
103 Jan.’98
L & Jeff Bge Co gu g 4s. 1945 M -S
L N A & O . See C I & L.
Louis Ry Co lstcon g 5s. 1930 J - J 109
109 Mar’ 98
ahon Coal. SeeLS& M S.
anhattan Ry con 4s. 1990 A -O ....... 9 2 « 92
92«
“‘„Metropol El 1st g 0s... 1908 J - J 1 1 5 « Sale 115
11 5«
2d 6s......................... 1899 M-N 1 0 3 « 1 0 3 « 10 2 « Apr.’ 98
Man S W Coloniz g 5s.. .1934 J - D
Market St C Ry 1st g 6s. 1913 J - J
McK’p t& B V . SeePMcK&Y.
Metropolitan El. See Man Ry.
Met St Ry gen c tr g 5s.. 1997 JF-A 109
10 9« 10 9«
|.Bway&7thAvlstog5s.l943 J - D
118« 11 8« Apr.’98
Registered.............. 1943 J - D
Col&9thAv Istgug5s.l993 M -S 116** Í.Í8* 11 7« 11 7«
Registered.............. 1993 M -S
Lex Av & P F 1st gu g 5s.’93 M -S 110 117« 11 7« 117«
Registered....................... M -S
Mex Cent con gold 4s... 1911 J - J
0 8 « Feb.’ 98
1st con Income g 3 s... 1939 J’lyt
2d con income g 3s.... 1939 J’lyt
Equip & coll g 5s........ 1917 A -O
Mex Intemat 1st con g 4s.’77 M -S
74 Sale 7 3 «
74
Mex Nat 1st gold 0s...... 1927 J - D
2d Income gold 6s A .. 191
Coupon stamped............. M-S*
2d Income gold 8s B..1917 An.*
J’ly ’97
Mex North 1st gold 8s.. 1910
D
Feb ’ 97
Registered..................1910 J - D
M-N
Mich Cent—1st con 7s. .1902
1 1 2 « 115 113 Mar’ 98
1st oon 5s.................... 1902 M-N 1 0 3 « ...... 10 5« Mar’ 98
6s................................. 1909 M -S
122 Feb.’ 98
5s................................. 1931 M -S
127 Jan.’ 98
Registered...............1931
12 5 « Jan.’98
' 4s..................................1940 «
*105
106 Feb.’ 98
Registered...............1940 J - J
108 Jan.’ 98
Bat C & Stur 1st gu g 3s ’ 89
D
Mid o f N J. See N Y S u s& W
Mil Elec Ry & Light oonsol
80-vrg 5 s ....................1926 F - A * 93
M L S & W . See Ohio 4 N W
Mil & Mad. See Chic & N W
Mil & North. See Ch M & St P
MU & St P. See Ch M & St P
Min & St L gu. See B C R & N
Minn & St L—1st g 7s .. 1927 J - D
143 J’ly ’97
1st cons gold 5s..........1934 M -N *103« ..
104
105
Iowa ex 1st gold 7s... 1909 J - D
127 Nov’97
South West ex 1st g 7s.*10 J - D
Pacific ex 1st gold 6s .1921 A -O
1 2 1 « Aug’ 97
M A P 1st 5s st 4s int gu..’ 36 J - J
M SSM&A 1st g 4s int gu.’ 20 J - J
M StP&SSM con g 4s int gu’ 38 J - J
Minn St Ry 1st con g 5s. 1919 J - J
Minn Un. See St P M & M.
Mo Kan & Tex—ls tg 4s. 1990 J - D
8 6 « Sale 8 0 «
87
2d gold 4s....................1990 F-A! 5 9 « 00
59
61«
1st exten gold 5s........1944 M-N
8 3 « Jan.’98
M K & T o f T 1st gug 5s.’42 M -S
8 0 « 80
80
K O So Pao 1st g 4s.... 1990 F -A
75
7 5 « Apr.’98
Dal & Wa 1st gu g 5s. 1940 M-N
8 1 « Mar’98
Boonev Bdg Co gu g 7s.. ’06 M-N
Tebo & Neosho 1st 7s. 1903 J - D
Mo K A E 1st gu g 5s... 1942 A -O
93«
03« 93«
M o Pao—1st con g 6s. ..1920 M-N 1 94
94« 94«
95«
3d 7s............................ 1906 M-N 108 Sale 108
108«
Trust g 5s................... 1917 M-St ■ 60
79 Feb.’ 98
Registered........... 1917 M-St
1st coll gold 5s........... 1920 F -A * 60
05
64
04
Registered............... 1920 F -A
Pao R o f Mo 1st ex g 4s.’ 38 F -A
103 Apr.’ 98
2d extended gold 5s. 1938 J - J
100« Feb.’ 98
Verd Y I A W ls t g 5s..’ 26 M -S
Leroy A O V A L 1st g 5s ’ 20 J - J
S tL& IM t ls t e x tg 4 « s .’ 47 F-A§ 103 110 10 7 « Feb.’ 98
2d ext g 5s................1947 M-N
107 105 Mar’98
Ark Branch ext g 5s. 1935 J - D *105 ........ 102 Mar’98
Gen con ry & Id grt g 5s ’ 31 A -O
8 7 « Sale 8 0 «
88
Gen con stamp gtd g 5s ’ 31 A -O
86
90
87«
88«
Miss Riv Bdge. See Chic A Alt
Mob A Blrm prior lieng 5s.’45 J - J
Small................................ J - J
Income gold 4s........... 1945 J - J
Small...... .........................
Mob A Ohio new gold 0s. . ’27 J - D
119 120 Mar’ 98
1st extension gold 0s. 1927 Q-J*
120 119 Deo’97
General gold 4s.......... 1938| M -S 7 2 «
74
74
St L A Cairo gu g 4s .. 1931 J - J 82
90
Mohawk & Mai. See N Y C A H
Monongahela Riv. See B A O
Mont Cent. See St P M & M.
Montauk Ext. See Long Is.
Morgan’s La & T. See S P Co.
Morris & Essex. SeeDelL&W
ash Chat A St L 1st 7s.’ 13 J - J *125
128 Apr.’ 98
2d 6s...................... 1901 J - J
10 5 « Nov’97
1st con gold 5s........... 1928 A -O
101 100 Apr.’ 98
1st 0s T A P b ............. 1917 J - J
1st 8s McM M W & Al. 1917 J - J
«
M
N
* No prices on Friday; these are latest prices this week,
O U T S ID E S E C U R IT IE S
G a s S e c u r itie s .
Syracuse Gas—(Con.)
Bid. Ask.
(G i v e n
§Í5
Ho. Low.High.
BONDS.
N.Y. STOCK EXCHANGE
W e e k E nding A p r . 15. •Sfti
P rice
F rid a y,
A p r il 15.
749
Week's
R ange or
L ast Sale.
R ange
'rom
fian.
Ja
1.
Bid. A 8k. Low. High. Ho. Low.H igh,
Nash Chat A St L—(Con.)—
1st gold 6s Jasper Boh.1923 J - J
Nash Flor A Shef. See L & N
1 0 7 « 1 0 7 « NewH&D. SeeN Y N H &H
113 117
N J Juno RR. See N Y Cent.
117 120
N J Southern. See Cent N J
New &Cin Bdge. See Penn Co
NO &NEprior lieng 08.1915 A-OT
N Y B A Man Bch. See L I.
N Y Bay Exten RR. See L 1,
N Y Cent & Hud R—1st 7s.’ 08 J - J 114 110 115
115)
115 1 1 7 «
94
98«
Registered.............. 1903 J - J 114 110 115 Apr.’9i
115 1 1 7 «
1 0 1 « 10 4«
Debenture 5sof. 1884-1904 M -S 1 0 0 « .... 10 7 « 107«
1
0 0 «1 1 «'
38 85
91«
Registered... . 1884-1904 M -S 105 107 100 Apr.’98
106 11 1«
Reg deb 5s o f .. .1889-1904 M -S 1 0 5 « .... 1 0 9 « Sep.’ 97
100 109
Debenture g 4s.. 1890-1905 J - D 1 0 1 « 1 0 2 « 102
102
102 105
10 1 «1 0 8 «
Registered...... 1890-1905 J - D 1 0 1 « 1 0 2 « 10 4 « Feb.’ 98
10 4 « 10 4 «
Debt certs ex tg 4 s .... 1905 M-N 1 0 2 « 103 102
102)
102
105
8 7 « 95
Registered................1905 M-N 1 0 1 « 103 104 Mar ’ 9
104 105
85
91
Harlem 1st 7s.............1900 M -N 1 0 8 « 110 1 0 9 « Mar’ 98
1 0 9 « 10 9 «
103 103
Registered............... 1900 M-N 1 0 8 « 110 1 0 9 « Jan.’98
10 9 « 10 9 «
N J June R gu 1st 4s .1986 F - A 100 .... 103 May’97
Registered............. .1986 F - A
103 109
West Shore 1st 4s gu.2361 J - J 1 0 6 « Sale 1 0 6 « 107«
10 0 « 11 0 «
Registered................2361 J - J 1 0 4 « 106 100
107
100 110
92
98«
Beech Crk 1st gu g 4s. 1936 J - J •........ 108
10 8 « Nov’97
11 4 «1 1 9 «
Registered...............1936 J - J
1 0 2 « 105
2d gu gold 5s........... 1936 J - J
Registered................ 1936 J - J
Clearfield Bitum Coal Corp
ls t s f intgug4sser A .’ 40 J - J
95
80 Nov’97
Small bonds series B. .’40 J - J
26 109 11 6«
Gouv A Oswe 1st gu g 5s.’42 J - D
118 122«
R W &Ogcon 1st ext 5s.’ 22 A-O*
120 120 Mar’98
120 123
Nor A Mont 1st gu g 5s.’ 10 A -O
117 12 3 «
R W 4 0 T R I stg u g 5 s.l8 M -N
Oswe A R 2d gu g 5 s.. 1915 F-A§
10 117 12 3«
Utica A Blk Riv gu g 4s.’ 22 J - J
10 7 « J’ne’97
Moh A Mai lstg u g 4s. 1991 M -S
6 8 «*0 0 «
Cart A Ad lstg u g 4s. 1981 J - D
N Y & P utlstcongu g4s.’ 93 A -O
123 120 Feb.’ 98
N Y & North ls t g 5s.. 1927 A -O i .
120 120
N Y Chic A St L 1st g 4s. 1937 A -O 10 1 « Sale 101
102
101 1 0 7 «
7 0 « 74
Registered........ .......... 1937 A -O
103 Nov’ 9*
N Y s Greenw Lake. See Erie
N Y & H ar. SeeNYC&Hud.
N Y Lack & W. SeeD L & W
N Y L E & W . See Erie.
N Y A Man Boh. See Long Is.
N Y & N E . See N Y N H & H
113 115« N Y N H & H art lstreg 4 s.’ 03 J - D
10 4 « Oct.’97
10 0 « 10 0 «
Convert deb certs $1,000.. A -O ♦145« .... 145
145
145 150
122 123
Small certfs $100...........
145
145
145 146
127 127
Housatonic R con g 5s. 1937 M -N *123
1 2 5 « Feb ’ 97
12 5«1 25«
N H 4 Derby con 5s.. .1918 M -N
100 100
N Y & N E 1st 7s........1905 J - J
119 Feb.’ 98
119 119
108 108
1st 6s........................ 1905 J - J
114 May’ 97
N Y & North. Sm N Y C & H .
N Y O & W con 1st g 5s. 1939 J - D 100 } Sale 100
10 6«
106 1 0 8 «
Refunding ls t g 4s....1992 M-S# 97} Sale
97
97«
90 1 0 2 «
Regis $5,000 only...1992 M-Sl
100
N Y & Put. See N Y C & H.
N Y & R B. See Long Isl.
N Y S & W—1st ref Os...1937 J - J 105 Sale 105
105
103 10 8 «
2d gold 4 « s ................ .1937 F -A
90 Mar’98
8 4 « 91
General g as................ 1940 F - A
89
80 Apr.’ 98
80
98
Terminal 1st g 5s........1943 M-N 110 Sale 110
111«
110 11 1 «
104 10 8«
Regis $5,000 each... 1943 M -N
W ilk& E astlstgug5s.l942 J -D
»7 «
97«
9 3 « 101«
Mid RR of N J Istg6sl910 A -O
118 121 Feb.’ 98
1 1 4 « 121
N Y T e x & M . See So Pac Co.
North Illinois. See Chi & NW.
North Ohio. See L Erie & W.
Northern Paciflo—
Gen 1st R R & L G sfg 6s.’21
113 114 113
114
112 1 1 9 «
Registered...... .........1921
113 114 112 Mar’ 98
112 119
84« 91«
St P & N P gen g 0s.. .1923
128 Deo’97
57
07«
Registered otfs........1923
126 Nov’ 97
83« 83«
Prior lien r & 1 g g 4s.. 1997
93 Sale 9 2 «
93«
9 2 « 9‘
80
85«
Registered................ 1997
93 Apr. *98
98
97
71
75«
General lien g 3s........ 2047
5 9 « Sale
59
00
5 7 « 0ff
80
84«
Registered ............... 2047
Nor Pao Ter Co 1st g 08.1933
100
106 Mar’ 98
104 1 0 7 «
Nor Ry Cal. See Cent Pac.
9 3 « 9 9 « NorWls. See C St P M & O.
93 10 0« Nor & South 1st g 5s.... 1941 M -N 102
105 Mar’98
105 105
108 109
Nor A West gen g 0s. ...1931 M -N *118
120 Mar’ 98
120 12 5 «
65« 79«
New River 1st g 6 s .... 1932 A -O *118
118 Mar’98
118 118
Imprvmt & ext g 0s... 1934 F - A
11 7 « 117 Feb.’98
117 11 9 «
02
72«
C 0 & T lstg u g 5s.... 1922 J - J
101 Feb ’ 97
Scio Y&N B lstgu g4s.l989 M -N 82
82
84
102 106
N & W R y lstoong 4s.1996 A -O
78
77
79
u*
10 0 «1 0 6 «
Registered...............1990 A -O
Small.................. ....1990 A-O
Nor A Mont. See N.Y.Cent.
10 7«1 10«
g & L Ch 1st con 0s..1920 A -O * 91
105 105
income................... 1920 A -O
102 108
Income small.................. ... A -O
86
9 4 « O I n d & W. See C C C & St L.
80
9 2 « Ohio & Miss. See B&O SW.
Ohio River RR 1st g 5s..1936 J - D
102 Jan.’98
102 102
General gold 5s........... 1937 A -O
Ohio Southern 1st g 6s..1921 J - D
82
8 4 « Feb.’98
80
84«
General gold 4s......... ,1921 M-N
1 4 « Feb.’ 98
11
15
Eng Tr Co certfs..............
15
10 Mar’98
10
14«
120 123
Om & St L 1st g 4s........ 1901 J - J
7 9 « 7 0 « Mar’98
7 0 « 82
Ore A Cal. See So Pac Co.
72
8 0 « Oregon Imp Co ls t g 0s.1910 J - D
109 Mar’ 98
109 1 0 9 «
Eng Trust Co ctfs of dep.
100 Sale 100
100
31 0 3 « 1 1 2 «
Stamped int pd to Dec 1 ’ 97
Con gold 5s.. . . . . . . . . . . 1939 A -O
3 2 « Aug’97
Con Tr Co reefs all Inst pd..
5 3 « Sale
52
55
172 51
02«
OreRy&Nav ls t s f g 03.1909 J - J ........ 114
1 1 3 « Mar’98
1 1 2 « 115
Ore RR & Nav con g 4s.. 1940 J - D
9 2 « Sale
92
92«
92
97
Ore Short Line 1st g 0s. 1922 F - A * ---------------120
120
120
11 9«1 27«
128 131«
Utah A Nor 1st 7s...... 1908 J - J * 1 1 5 « ........ 120 D ec’97
Gold 5s........................ 1920 J - J *100 ..... 102 May’97
100 105
Ore Sh L 1st con g 5s. .1946 J - J
9 7 « Sale 9 7 « 9 9 «
9 0 « 102
Non-cum inc A 5s...... 1946 Sep.* 62 Sale 62
62
58
09
Non-ou inc B & col tr.. 1946 Oct.* 40 Sale
40
46
39
49
t Bonds due Jan * Bonds due July. #Bonds due June. SBonds due May. T Bonds due Nor.
1 2 0 « 122
«
«
O
AT FOOT OF 7 C O N SE C U TIV E P A G E S ).—
T e le g . & T e le p h .
Erie Teleg & Teleph—NY
1st 5s 1946..............J&J
85
90
Franklin...........................
Western GasiMilw)—Stck List.
Gold A Stock....................
Ss—See N Y Stock Exch
Bonds............................
T e le s . & T e le p h .
Hudson River Telephone
American Dist Tele—NY Stock Exch Internation Ocean...........
American Tel & Cab—NY Stock Exch Mexican Telegraph.. . . . . .
.Central & South Amer.... 10 1« 103
Mexican Telephone__ 10
Ches & Poto Teleph—Stk 53
58
New Eng Telep—See Bost
! Bond 5s......................... 102 105
Northwestern Telegraph.
Commercial Cable—N Y S tock E xch
N Y & NI Telephone....
Commer Union Tel (NY). 112 118
5s 1920 ................. J&J
"Empire A Bay State Tel.. 68
78
Pacific & Atlantic...........
Range
from ,
Jan. I .
(5 p a g e s) P a g e 3 .
Bid.
Stock
40
111
90
70
110
190
t ........
on list
110
140
10 6«
70
Ask.
Exch
73
200
147
75
TEL. & ELECTRIC,
Bid. Ask.
T e le g . & T e le p h .
Southern & Atlantic........
86
West’n Union Teleg—N Y Stock Exch
E le c tr ic C o m p a n ies.
Allegheny Co Light Co... 127
Brush Electric Co...........
Br’dgprt (Ct) El Lt Co.25 37
21
Consol Electric Storage.. 19
Eddy Electric Mfg Co..25 t ........ 10
Edison El 111 Co NY—N Y Stock Exch
Edison El U1 Co Brk—N Y Stock Exch
Edison Ore Milling Co....
Edison Storage Co...........
E le c tr ic C om p an ies
East End Electric Light..
Electro-Pneumatic...........
Fort Wayne Elec. Co ..25
Series A ...... ........* .....
General Electric Co—N Y
Do preferred.............. ..
Hartford (Ct) Elec Lt Co.
Hartf’d(Ct) Lt&PowCo25
Mo Edison Electric.........
Do preferred.................
Narragan. (Prov)ElCo.50
New Hav (Ct) Elec Lt Co
t Price per share.
<&C,
Ask.
1«
Stock Exch
90
120 123
t 5
13
13
18
43
47
t 33«
160
750
TH E
C H R O N I C L E .— BOND PRICES (5 pages) Page 4.
Week’s
P rice
B ange o r
F rid a y,
H .Y . STOCK EXCHANGE fi <û A p ril 15.
L ast Sale.
W e e k E n d in g A p r . 15.
Bid. A sk. Low. H igh. No.
Oswego & Rome. See N T C
O O F & St P. See C & N W
ae o f Missouri. See Mo Pac
anama s f s’bsidy g 6s. 1910 M-N
Pennsylvania Co—
____
Penn Co gu 1st g 4%s.l921 J - J 109)4 111' 109% 109%
Registered................ 1921 J - J *109 110 112% D ec’ 97
Gtd 8%s col trust reg. 19S7 M-S
P C C & St li con gu g 4%s—■
111 Mar’ 98
Series A .....................1940 A -O *108
110% Apr.’ 98
Series B guar............1942 A - O 109%
Sériés Cguar............1942 M-N
102 Oct.’97
Series D 4s guar....... 1945 M-N
106% Mar’98
Pitts O n & St L 1st 7S.1900 F -A
109% A pr’ 97
F
-A
Registered................ 1900
140% Jan.’98
Pitts Ft W & C 1st 7s. 1912 J - J
140 Mar’98
J
J
2d 7s..........................1912
3d 7s..........................1912 A-O*
112% A pr’ 97
C S t l i &P 1st con g 58.1932 A -O
Registered............... 1982 A -O
Clev & Pitts con s f 7s. 1900 M-N *109 ....... 109 Nov’97
Gen gug 4%sser’s A.1942 J - J 112 117
Series B..................1942 A -O 112 117
St L Van & T H 2d 7s. 1898 M-N * 102% ......... 102 Jan.’98
2d guar 7s................ 1898 M-N * 102% ......... 102% Mar’98
Gr R & Iexlstgug4% s.l941 J - J *105 .......
102 Nov’97
Allegh Val gen gug 48.1942 M-S
N & C Bdgegengu g 4%s.’ 45 J - J
Pennsylvania RR Co—
108 May’ 97
1st real estate g 4 s... .1928 M-N
Con sterling g 6s........1905 J - J
Con currency 6s reg... 1905 Q-Mt
Cong 5s...................... 1919 M -S
Registered................ 1919 Q -S
Con g 4s.......................1948 M-N
Cl & Mar 1st gu g 4%s.l985 M-N
115% Feb.’98
ü N J RR & Can gen 4s. 1944 M -S
D R RR& Bge 1st gu 4s g.’86 F -A
Pensacola & At. See 1; & Nash
95
95
95
Peo Dec&E 1st g 6s tr rec.’20 J -J
96 Feb.’ 98
100
Evans Div lstg 6strrec.’20 M -S
14% D ec’ 97
96
2d g 5s tr rec 1st pd..l926 M -N
Peo & East. See C C C & St L
112% Mar’ 97
Peo & P e k U n ls tg 6 s ...1921 Q -F 120
86% Feb.’ 98
85
2 d g 4 % s.............Feb., 1921 M -N
187 Nov’97
Pine Creek reg guar 6s. .1982 J - D
Pitts Cin & St L. See Penn Co.
P C C & St L. See Penn Co.
Pitts Clev & Tol 1st g 6s.. 1922 A -O
Pitts & Connellsv. See B & O.
Pitts Ft W&Ch. See Penn Co.
Pitts June 1st g 6s........ 1922 J - J
Pitts & B Erie—2d g 5s .. 1928 A-OT
Pitts McK & To—lstgu 6s.’ S2 J - J
2d guar 6s....................1984 J - J
McKee & B V 1st g 6«. 1918 J - J
Pitts P & F 1st g 5s...... 1916 J - J
107% 105% Apr.’ 98
Pitts Sh & L E 1st g 5s. .1940 A -O
98 J’ly ’97
1st consol gold 5s...... 1948 J - J
80
81
80 Sale
Pitts & West 1st g 4s... 1917 J - J
38% Mar’97
Gold 5s...............1891-1941 M-N 20
Pitts T & Ash 1st con 5sl927. M-N
eading Co gen g 4s... 1997 J - J 80 Sale
.Registered.............1997 J - J
Rensselat r & Sar. See D & H.
Rich & Dan. See South Ry.
80
81%
80
Rio Gr West 1st g 4 s... .1939 J - J
94% Feb ’ 98
Rio Gr June 1st gu g 5s. 1989 J - D
54 Feb ’98
Rio Gr So 1st g 8-4s...... 1940 J - J
Roch & Pitts. See B R & P.
Rome Wat &Og. See NT Cent
alt Lake C ls t g s f 6s.’ 08-18 J - J
69
t Jo&GI lstg 2 -8 4 s..1947 J -J * 69
St'L A & T H. See Illinois
BONDS.
P
R
S
St L & Cat. See Mob & Ohio.
pt L & Iron Moui^t. See M P.
St L Jack & Chi. See Ch&Alt.
S t L K C & N . See Wabash.
St L M Br. See T R R A o f StL
St Louis & San Francisco—
2d gold 6s Class A. . . . 1906 M-N
2d gold 6s Class B . . . , . 1906 M-N
2d gold 6s Class C...... 1906 M-N
1st g 6s Pierce C & 0..1919 F -A
General gold 6s...... . 1981 J -J
General gold 5s...........1981 J -J
1st trust gold 5s..........1987 A-O
Ft S& V B B dg lstg 6s. 1910 A-O
Kansas Mid ls t g 4s... 1987 J -D
S tL & S F R R g 4 s . . . . 1996 J -J
Southw Dtv 1st g 5s.. .1947 A-O
S tL So. See St L A & T H.
S tL S W ls t g 4sbdcfs.1989 M -N
2d g 4s inc bond c tfs.. 1989 J-Ji
St L Van & T H. See Pa Co.
St Paul City Cab. c g 5s.1987 J - J
Guaranteed gold 5s... 1987 J - J
St Paul & Duluth 1st 5S.1981 F -A
2d 5s...... 1.................... 1917 A-O
St Paul M & M 2d 6s. ...1909 A-O
Dakota ext gold 6 s ... .1910 M-N
* 1st consol gold 6s...... 1988 J -J
Registered ............... 1988 J -J
Reduced to gold 4%s 1988 J -J
Registered............. 1988 J -J
Mont Ext 1st gold 4s. .1987 J -D
Registered................ 1987 J -D
Minn Union 1st g 6s.. .1922 J -J
Mont C 1st gu g 6s... .1987 J -J
' Registered...............1987 J -J
1st guar gold 5s...... 1937 J -J
Registered................1987 J -J
E Minn 1st div 1st g 5s. 1908 A-O
Registered................1908 A-O
Will & S F ls t g 5s....1938 J -D
Registered................1988 J -D
St P & Nor Pac. See Nor Pac
StP & S’x City. See C StP M&O
S A & A P. See So Pac. Co.
*114
*112
115%Mar’98
114% 114%
114 Mar’98
*115
117% 117% Apr.’ 98
*114
100
116
102% 102%
92%
92%
105 Oct.’ 97
193
78
Apr.’ 98
72% Sale
25
SO
72%
7
26 Mar’98
118
*104 109
118%
*118%122
*123% ....
117 Mar’98
109 Feb.’ 98
122% Jan.’ 98
118% Mar’ 98
128 Feb.’ 98
90
105
108
•104%
Nov’97
107 Mar’98
106% 106% Mar’ 98
97
97
97
96 Feb.’98
122% Jan.’98
127%Feb.’98
115 A pr’97
108
Sale 108
105%
111
105%
O U T S ID E S E C U R IT IE S (G i v e n
F e r r y C o m p a n ie s.
B’klyn & N T Ferry-Stock 190
5117
Bonds o f 1 9 2 0 .......
85
Hoboken Ferry—Stork
BONDS.
N.Y. STOCK EXCHANGE
W e e k E n din g A p e . 15. S *
P rice
F rida y,
A p r il 15.
Week’s
B ange or f f
L ast Sale. pq<§
Bid. A sk . Low. H igh. No.
105 100% Oct.97
S F & N P 1st s f g 5s.. .1919 J - J
104% Oct.’ 97
Sav F & W 1st con g 6s.1934 A - O
1st g 5s.. ................1984 A - O
Scioto Val &NE. See Nor &W
104%Feb.’ 98
Seab & Roa 1st 5s..........1926 J - J
Sea & B Bdge. See Bklyn El.
109 114
Sod Bay & So 1st g 5s. ..1924 J -J
94%
94%
So Car & Ga 1st g 5s.. ..1919 M-N 93
Southern Pacific C o 107 Jan.’ 98
Gal Har & S A 1st g 6S.1910 F-A 105
I l l 118
105 Mar’ 98
2d g 7s.......................1905 J - D *101
110%118
96%
96
Mex & Pac div 1st g 5s.’ 81 M-N 95
Hous & T C 1st W & N 7s.’ 03 J - J 125
) Apr.’98
110
111
J
J
1st
g
5s
int
gtd........1937
106%106%
f M ar’ 98
Con g 6s int g td .......1912 A-O *103 110
)
78%
Gen g 4s int gtd...... 1921 A-O 77
140 140%
120%
Feb. 98
125
J
J
Morgan’
sL
a
&
T
ls
tg
6
s
.’20
140 140
127 Feb.’ 98
1st 7s........................ 1918 A-O
N T T & Mexgu lstg 4s.’ 12 A-O
75 Jan.’ 98
Ore & Cal ls tg td g 5s.1927 J - J
57%
55
57% 57%
S A & A Pass 1st gug 4s.’48 J - J
110 Mar’98
Tex & N O 1st 7s........1905 F-A
106% Nov’97
Sabine div 1st g 6 s..1912 M - S *100
98
98%
Con g 5s........
1943 J -J : 98 Sale
102 102
104
104%
S o P o f Argu ls t g 6s.’ 09-10 J-JI 103
102% 102%
S P of Cai 1st g 6s.’ 05-12 A-O *106 110% 110 Jan.’ 98
96
96%
96 Sale
1st con guar g 5s. .1937 M -N
82%
83
82% Sale
A & N W 1st gug 5S.1941 J - J
S P Coast 1st gu g 4s.. 1987 J - J
107% 107%
S Pac of N Mex 1st g 6s.’ l l J - J 106
90%
89 Sale 88%
Southern Ry—1st con g 5s.’94 J -J
Registered...................1994 J - J
100
Feb.’
98
M-S
E Ten reor lien g 4-5s.l988
Registered................1988 M-S
112% Aug’97
Ala Cen R 1st g 6s... .1918 J - J
Atl & Ch Air Line inc.1900 A-O
119 Dec ’ 97
Col & Greenv 1st 5-6S.1916 J - J
115%115%
E T Va & Ga 1st 7s... .1900 J - J 105%107 106% Mar’98
Divisionalg 5s... ...1930 J - J 112 115 112% Apr.’98
Con 1st g 5s............. 1956 M -N 109% Sale 109% 109%
95 100%
119%
Ga Pac Ry 1st g 5-6s. .1922 J - J *........ 119% 118
96
96
Knox & Ohio 1st g 6s .1925 J - J *115 ........ 116 Mar’98
Rich & Dan con g 6s. .1915 J - J ........ 121% 122% Mar’ 98
99 ........ 101 Nov’97
Equip sink fund g 5s. 1909 M - S
100 Nov’ 97
Deb 5s stamped...... 1927 A-O
86 % 86 %
102
102%
101
M-N
Virginia Mid gen 5 s.. .1936
102
102
Gtd stamped......... 1986 M-N 101
84 Aug’97
W O & W 1st cy gu 4s.l924 F-A
115% Jan.’ 98
West N C 1st con g 6S.1914 J - J
S & N Ala. See L & N.
Spok & Palouse. See Nor Pac.
Stat Isl Ry 1st gu g 4%s.l948 J -D 101%
Sunb & Lewistn 1st g 4s. 1936 J - J
Syra Bing ¿ N T . See DL&W.
110% Feb.’ 98
r p er A of St L 1st g 4%s.’89 A-O
105% 105%
A 1st con gold 5s.l894-1944 F-A 105%
108 Oct.’ 97
St L M Bge Ter gu g 5s. 1930 A-O
Terre Haute Elec Ry g 6s.’ 14 Q-J*
104 109
Tex & N O. See So Pac Co.
86% T&P Ry East div lstg 6s’ 05 )
110% Feb.’ 98
From Texark. to Ft W. J M -S
98% 100
99
1st gold 5 s .................2000 J - D
80
81%
2d gold inc. 5s, D e c ...2000 Mch. 80
79
87%
128
128
J
J
Third Av 1st gold 5s.. ..1987
104% Feb.’ 98
Tol & O C l s t g 5s......... 1935 J - J
108% Jan.’ 98
West’n div l s t g 5s....1985 A-O
General gold 5s...........1985 J - D
79
86%
Kan & M 1st gu » 4s. ..1990 A-O 78 ....... 80 Mar’98
92% 94%
70
70 Sale 70
Tol Peo & W 1st gold 4s.l917 J - J
54
54
85%
85%
81
88
T St L & K C 1st g 6s tr.1916 J - D
98% 101
98% 103
rister & Del 1st eg 5s. 1928 J - D
1nion Elev. See Bklyn Elev
Un El (Chic) 1st g 5 s ....1945 A-O
69
76
90
90% Sale
91%
Un Pac—RR & 1 g g 4s. 1947 J - J
Registered......... •....... 1947 J - J
45% Mar’ 98
50
Tr Co ctfs g 4%s........ 1918 M-N
111‘% J’ne’ 97
Kansas Pacific 1st 6s. .1895 F -A
114 Sep.’ 9“
1st 6s........................1896 J - D
C B Un P fd cou g 7s. .1895 M-N
85 Feb.’ 98
U P L & C 1st g ug 5s.1918 A-O
52%
54%
54 Sale
U P D&G 1st c g 5strrc.’ 39
115 116% Uni N J RR &C Co. SeePaRR
114 116% Utah & North. See Ore S L.
118% 116% Utica & Black R. SeeNV Cent
er Val Ind & W. See Mo P.
irginla Mid. See South Ry.
116% 119%
ab RR Co ls tg 5 s . .1989 M-N 106% Sale’ 106% 107%
101% 105%
76%
2d gold 5s........... 1989 F -A . 76% Sale 76%
92% 97%
Debenture series A .... 1989 J - J
24
Mar’98
22%
28%
J
J
Series B ...,............... 1989
lstg 5sDet & Ch Ext. .1941 J - J ........ 100% 100% 100%
70%
108% Mar’ 98
St Chas Bridge 1st g 6s. 1908 A -O
90
Warren RR. See Del L & W
Wash 0& W. See Southern
77
80 West N T & Pa—lstg 5s. 1987 J - J 106 108% 108% Mar’ 98
52% Apr.’ 98
52
Gen g 8-4s....................1948 A -O * 50
18% Mar’ 98
Income 5s....April, 1948 Nov. 12% 13
West No Car. See South Ry.
Western Pac. See Cent Pac.
115 117
W Chic St40-yr 1st cur 5s.’ 28 M-N
107%109
99 Dec ’97
121 122% 40-year con g 5s..........1986 M-N
West Shore. See N T Cent.
118%122
W Va & Pitts. See B & O.
128 129
W Va Cent & P 1st g 6s.1911 J - J
101% Mar’98
98
106 108% Wheeling & L E 1st g 5s. 1926 A -O
100 Mar’98
98
Trust Co certificates...........
90 Mar’98
80
12 98% 100% Wheel Div 1st gold 5S.1928 J - J
92% Mar’98
F
A
Exten
&
Imp
gold
5s.
.1980
96
96
Consol gold 4s............. 1992 J - J
122% 122%
Wilkes & East. See N T S & W
127 180
Wil & Sioux F. See St P M & M
10 108 109% Winona & StP. SeeC&NW
84 Nov’97
Wis Cent Co 1st tr g 5s .. 1937 J - J
101
89
38 Sale 87%
Engraved trust certificates.
105%108%
6% Jan.’ 98
5
Income 5s..................... 1987 A-O*
Low. H igh
L
Y
W
Nov’ 97
* No prices on Friday; these are latest prices this week.
E le c t r ic C om p an ies. Bid.
Rhode Island Elec Pro Co. 115
Toronto (Can) ElecLt Co. 135%
Thom-Houst Welding Co.
United Elec Lt&^ Co pref 12
80
B on d s.......................
Westing Elec&MfgCo—Se e Bost
Woonsocket (R I) El Co
B ange
from
Jan. 1.
[ \ ol.
MISCELLANEOUS BONDS.
A m Cot Oil deb g 8 s.. .1900 Qu-F *105 ........ 106% Apr. 9
A m Dk & Imp 5s. SeeCenN J
A__ , c
Am Spirits Mfg 1st g 6s.19151 M-N 67% 70% 67 Apr.’ 98l
tBonds due June.
a t foot of
7
Bid. Ask.
F e r r y C om p an ies.
Ask.
Metropolitan Ferry—5s.. 5108 110
120
N
J
&
N
T
Ferry—Stock..
136%
1st 5s 1948.......... J&J 5100
100
72
70
N T & E R Ferry—Stock.
20
94
Bonds 5s o f 1982.......... 5 91
85
80
List. N T & S B Trans & Ferry 25
92
5
90
B onds........ '.................
70
75
10th & 23d Sts Ferry.. :..
1st mort 6s 1919...J&D 5 99
57
56
Union Ferry—Stock...
200
1st 5s 1920.......... M&N 5104 106
Rail
mads.
88
35
Atr Col & P 1stfls tr co cts 80
* Bonds due July.
I Bonds due March. T Bonds due Jan.
c o n s e c u t iv e
pages).—
Bid.
Railroads.
30
At Jew Co &Wn 1st 6s “
Atch & Pike’s Peak 1st 6s 60
Ate T& S Fe gu fd 6s notes 100
Atl’ta& Ch Air L 1st 7s ’07 120
Atl&P cts of dep gu 4s st’d 106
Bost & NT Air Line—Com
Preferred—See N T Sto ck Ex
California Pacific 1st 4%s 100
Do
2d mort guar 95
Ch Mil & St P Dub Div ’20 5120
Do
Wis Val div 6s’ 20 5120
C hiN W lst 7s Mad ext’ l 1 5130
aIAO
LXVI
B ange
fr o m
Jan. 1.
Low. High.
104% 104%,
107
100
92
107
105
96%;
108% 110%,
107 107
76% 80
120% 120%
127
127
75
75
56% 62%,
96% 98%
100% 104%
110
110
92% 97
82% 87%
105% 108%.
87% 94%.
106%107
112%115
108% 111%
118 121
116 117%,
122 125
105
100
102
105
105%
106
112% 116%.
110% 110%,
105%109%
109 110%,
96%102%
28
85
122 124
102% 104%,
108%103%
79
69
85%
98%
82%
72%
90
104
88% 95%,
45” *B Ì"
83
39
48% 59
104%110
74% 82%
22% 29%
99 104%
108%110
106
48
10
108%
55
16
100% 101%
100 103
90
90
92% 92%
33% 459
5
7)
102%109
64
77
5 Bonds due Nov.
F E R R Y & RAILROADS.
Bid.
Railroads.
Chic & North W—(Con)—
Chic&Tomahlst 6sl905 5108
Northw Un. 1st 7s 1917. 5137
FremElk&MoVal lst’ 83 5131
Do
unstamped 5129
Win&StP 1st ext 7s ’ 16 5136
Ch & East 111sink fd col tr,
Chic. Peor. & St L—StockJ
lstm ort4s 1925......... |
2d mort incomes.........
Cin&Spgf 2d 7s gu C C C&I, 108 114
Jack L i Sag 1st ext 5s ’011 101
per sh
A pril 16, 1898.]
BONDS.
W. Y. STOCK EXCHANGE
W e e k E n din g A p e . 15.
THE
CHRONICLE.—BOND PKICES
P rice
Friday,
A p ril 15.
Week's
R ange o r
L ast Sale.
li
Bid. Ask, Low. High, Ñ 0
Atlanta G L Co 1st g 5S.1947 J-D+
a r * S Car Co 1st g 6s.1942 J - J
08 U Gas tr ctfs s f g 5s. ’39 J - J
90% Jan.’98
B’klyn U G a slstco n g 5 s..’45 M-N
112%
112% 112
94
94 M ar’ 981
Br’k’n W & W H lstg 5s.1945 F -A
ahCoal Min. SeeTCI& R .
G L & C C o. SeeP G & CCo.
Chic Jc & 8t Yd col g 5s. .1915 J - J
109% Feb ’97
Olearf Bit Coal. See N Y C & H
Col C & 1 1st con g 0s... 1900 F -A
96 Apr.’98
ColC& I D evC ogug5s..l909 J - J
104 Jan.’98
Col Fuel Co gen gold 6s. 1919 M-N
81 Feb.’98
.... 81
Col F & I Co gen s f g 5s. 1948 F -A
Columbus Gas 1st g 5s. .1932 J - J
Com Cable Co 1st g 4s... 2897 Q -J n o i ” i b 5’ 105% Feb.’ 98
104 Feb.’ 98
Registered...................2397 Q -J
Con Gas Co. S eeP G & C C o.
eBardel C & I. See T C & I
el & H Can. See RR bonds
92
92
Det Gas Co con 1st g 5s.. 1918 F - A
108
109% 108
d FI 111 1st conv g 5s. 1910 M -S
110 114%Apr.’98
1st con g 5s.........1 9 9 5 J - J
Ed El.Ill B’klyn 1st g 5s. 1940 A -O
113% J’ne’97
Registered... 7..................... A -O
Erie T & T col tr g s f 5s... 1920 J - J * 97% 99
98% Mar’98
Eq Gas LN Y 1stcong 5s. .’32 M -S
Bq G & Fuel. See P G & C Co.
en Elec Co deb g 5s. .1922 J - D
100
10 1 %
rRivCoal& C ls tg 6 s ..’ 19 A -O
05% Jan.’97
Gr Rap G L Co ls t g 5s. 1915 F -A
W reor 1st g 5s.. 1926 J - J
H ack
end B Co 1st s f g 6s<-1931 M -S
111 Aug’97
111 Steel Co d e b 5 s .......l9 1 0 J - J
Non-cony deben 5 s.... 1913 A -O
Ó" Apr"’ 9 7
Iron Steamboat Co 6s... 1901 J - J
Jelf& Clear C & I lstg 5 s 1926 J - D
107 May’97
2d g 5s......................... 1926 J - D
80 May’97
K C Mo Gas Co 1st g 5s. 1922 A -O
LacGas-L Co o f StL lstg 5s’ 19 Q-F*
101% 10 1 %
Small bonds........................ Qu-F
Mad Sq Garden ls t g 5s.1919 M-N
i ’0’2 ” J’iy v97
Met T & T 1st s f g 5s.. .1918 M-N
Registered...................1918 M-N
Mich Pen Car Co 1st g 5s.’42 M- S
85 J’ne’97
Mut Un Tel Co. See Wn Un.
Nat Starch Mfg Co 1st g 0s ’ 20 M-N
106 M ar’ 98
Nwpt News S & D D 5 s..l9 9 0 J -J§
N T &N J T e lg e n g 5 sc y .’ 20 M-N
N Y & OntLand ls tg 6s.l910 F - A
NoWestnTeleg. See West. Un.
Peo Gas & C 1st gu g 0S.19O4 M- N
111 Nov’ 97
. 2 d g td g 6s...................1904 J - D
109% 102 Mar’ 98
1st consol g 6s............. 1943 A - O
119%Feb.’ 98
Refunding g 5s............ 1947 M -S
Registered................ 1947 M -S
104 104
Ch G-L&Cke ls tg u g 5s’87 .1 - J
104
ConGCo o f Ch lstgug 5s’86 J - D
102 Apr.’98
Bq G & F Ch lstg u g 6 s.’05 J - J
102 Feb.’ 98
Peoria Wat Co g 6s. .1889-19IM- N
B
C
D
E
G
* No prices Friday; these are latest prices this week.
R ange
from
Jan. 1.
90% 91
112 1141-s
94 100%
109% 109%
95
100%
100 1Q4
80% 84
104
104
105%
104
92 108
108 11294
114%117
98% 98%
100
P rice
Friday,
A p r il 15.
BONDS.
N. Y . STOCK EXCHANGE
g
W e e k E nding A p r . 15. NA,
Low H igh
751
C5 pages) Page 5.
PI Valley Coal 1st g 6s.. 1920
Procter & Gamb 1st g 6s. .’40
St L Ter Cupples Station &
PropCo 1st g 4%s 5-20 yr’ 17 J S Yuba Wat Co con g 6s. .’28 J Sp Val Wat Works 1st 0s.’06 MStan Rope & T 1st g 6s.. 1946 F -A
Income g 5s................. 1946
Sun Ck Coal 1st g s f 0s.. 1912 J - D
T C I & R T Div lstg 68.1917 A
Birm Div 1st c o n 0 s ...1917 J - J
Cah C M Co 1st gu g 6s..’ 22 J - D
De Bar C & IC og u g 6s.’ 10 F -A
U S Death Co s f deb g 6 s.’ 18 M-N
Vt Marble 1st s f 5s...... 1910 J - D
West Union deb 7s. .1875-00 M-N
Registered......... 1875-1900 M-N
Debenture 7s.. . 1884-1900 M-N
Registered...... 1884-1900 M-N
Col trust cur 5s.......... 1988 J - J
Mut Un Tel s f ’d 6 s ...1911 M-N
Northwestern Tel 7 s... .’ 04 J - J
Westn Gas Co col tr g 5s...’ S3 M-N
Wh L B & P C Co 1st g 5s.’ 19 J - J
Whitebrst F gen s f 6s. .1908 J - D
U. S. GOV. SECURITIES.
101% U S 2s registered... .Optional
U S 4s registered...........1907
U S 4s coupon................ 1907
U S 4s registered........... 1925
U S 4s coupon................ 1925
U S 5sregistered..........1904
U S 5s coupon................ 1904
U S 0s currency............. 1899
U S 4s registered certs
of indebt (Cherokee) 1899
Bid.
Week’s
I s
R ange or © p
Last Sale.
R a nge
fr o m
Jan. 1.
A sk. Low. H igh Ño. Low H igh
113
•••••
101
Feb ’ 97 ::: :
::::
Apr.’ 98
12 ” n
54
10
........
.........
50
11
79
81
........
Sale
84% Mar’98
81
82
no
88
........ 115
Jan.’98
Mar’98
105 108 105% Feb.’ 98
105 108 105 Mar’98
105 108
105 108
109
........ 109% 108
111 Mar’98
*100
20
Q-M
Q-Jt
Q-Jt
Q -F
Q -F
Q -F
* F
J -J
........ 101
........
95 ........
108% Sale
109%110%
119 120
120 121
109%110%
111 112
103 ........
Mch 100
84
1ÍS
******
51
11
61%
10%
84
79
86
87
83
83
114%116
105%105%
105 105%
2 108
111
Mar’98
lo i
n i
111 '
i'o'i
98 Apr.’ 98
98% 9,8%
108% 109% "25 108% 113%
110
110% 11 110 114%
121% 121% 32 118% 129%
120
122% 29 118% 129%
111% 111% 10 111%111%
111% Apr.’98
110%115
103 Mar’ 98
103 104
.........
100%105%
STATE SECURITIES.
Alabama—Class A 4 to 5.1906
Sm all..................................
Class B 5s.................... 1906
Class C 4s..............
1906
Currency funding 4s...1920
Dist of Columbia—8'65s.l924
105 100% Louisiana—New con 4s.. 1914
Small........... ........................
Missouri—Funding.. .1894-95
North Car—Consol 4 s ...1910
Small...................................
6s......................
1919
102 109
So Carolina—4%s 20-40.1983
110%120
Tenn—New settlem’t 8s. 1918 ¡
Small....................................
Virginia fund debt 2-8s.l991
102 106%
Registered............ . . . .........
102 100
6s deferred bonds..............
102 102
Trust receipts stamped....
t Bonds due July.
t Bonds due May.
108% ........ 108% Mar’ 98
108 Feb.’ 98
104% J’ly ’97
100 Feb.’ 98
105 ........
95 ........
95 ........
114 ........
9 7 % ........
102
........ 101
120 ........
102% ........
85
90
80 ........
00% 07%
*
8
115 Mar’98
101 M ar’98
100% Mar’98
.........
S Bonds due April.
128
108% 108%
108 108
100
iò ó
115
101
98
115
108
100%
Jan.’98
101
101
Feb.’98
128
128
89 Mar ’98
88 Feb.’ 98
00%
07% "so
89
90
88
88
00% 67%
4% Feb.'98
4%
5
1Bonds due January.
O U T S ID E S E C U R IT IE S (Given at foot of 7 consecutive pages).—RR s., BANKS, MISCEL.
R a ilr o a d s ,
itingston & Pemb 1st M ..
L N A & Ch 1st 0s C &I Div
Memp & Char cons bonds
Newb Dutch&Conn inc b’s
N Y El deb 5s gu Man R y.
No Pacific Mo Div 1st 6s.
pittsb & Connellsv 1st 7s
Do con 6s gu by B & O
St P East & Gr Tr 1st 6s.
gu by Milw L S & West.
T enn C Ià R y con ës 1901
Dö So Pittsb 1st 1902..
Vicksb & Meridian 1st 6s
Bid.
IM isce lln n e o u s.
Eppens Smith & W iem ..
75
Eastman Kodak Co.........
100
Erie & Western Trans...,
44
Fidelity & Casualty.........
2
95
Fidelity & Deposit (Balt),
Galveston Wharf—1st 5s,
Genesee Fruit........ i .......
German Amer Real E st.. 15
100
Glucose Sugar Refln-Com 36
100
Preferred.....................
89
Goodyear Shoe Machm’y,
Gorham Mfg Co—Com....
90
Preferred..................... 112 114
Great Falls Ice................. 115 130
M is c e lla n e o u s .
Hartford Carpet Co........
Hecker-Jones-J. Mill-Pr ef 40
45
Acker M'errall & Condit.. 96 100
1st 6s 1922.......... M&S
92
88
Amer Air Power of N Y.
15
25
Herring-Hall-Marv—Com
American Axe & T ool....
18% 27%
Preferred....................
ÌÌ*
American Bank Note Co. 41
43
Hoboken Land & Imp’t. 100
American Brake Co....... . 91
95
5s
................... 105
Amer Grocery—1st pref..
9
International Elevating.
Amer Malting Co—Com.. ’ 31 " 22 % International Navigation
Preferred.;....................
69
International Pulp....
Ainer Pneumatic Tool Co
Iron Steamboat...........
2%
Amer. Press Association.. 100 110
0s 1901.,..............J&J
American Screw.............. 146 154
John B Stetson—Com....
50
Amer Smokeless Powder.
Preferred.................... . 100 110
Am Soda Fountain—Com
8
12
Joumeay & Burnham....
22
16
1st preferred........
52
60
Preferred...................... 62
72
2d preferred........
26
84
Knickerbocker Ice...........
90
American Surety...
177
Bonds 5s.......................
95 105
Am Typefounders—Stock
42
Lawyers’ Surety.............. 102 107
Amer Sewing Machine...
Lawyers’ Title Ins...........
156
American Strawboard....
Litho Carbon Rubber....
American Wringer..........
Lorillard (Pierre)—P ref..
118
American Graphophone.. 15
Madison Sq Gard—Stock.
5
Preferred............ ,........
15%
2d 0s 1919.......... M&N
40
25
Anderson (John) Tobac..
Mechanical Rubber—Com
10
Automatic Vending........
25
Preferred.................
25
15
Barney & Smith Car-Corn
Mergenthaler Linot—See Bosto n list
Preferred......................
05
70
Meriden Britannia C o.,..
60
55
6s 1942...................J&J 06 100
Michigan-Pen Car—Com.
10
6
Bergn & Engel Brew-Corn 80
Preferred—See N Y Stoc k Exo h.
Preferred...........
100 102 %
1st 5s 1942..........M&S
89
84
1st 6 s .......... ............... 105 110
Minneapolis Brew 1st 7s. 102 105
Blaokwell’s Durham Tob. t 12
16
Mosler SafeCo................
105
Bliss Company—Com......
85 100
34%
34
Monongahela Water......
Preferred.................
100 112
Nat Biscuit.......................
Bond & Mortgage Guar..
200
Preferred......................
IJost' & Montana 7s 1907.
80
National Casket Co.........
Cafter-Crume—Pref. .....'
25
National Saw—Preferred.
Celluloid Co...... . . . . . . . . . . j
National Surety............
203
Central America Transit.
Nat Wall Paper—Deb Stk
55
Central Fireworks—Com.
N Y Loan & Im p.. . . . . . . . .
*’ Preferred....................|
80
N Y B iscu it....................
Chateaugay Ore& Ir 6s ’ 15;
40
0s 1911................M&S 107 110
Ches & O Grain El—In c.. 10
17% New Jersey Zinc & Iron .. 100
4s...... ............................
60
05
N Y Air Brake—See N Y S tockE xch.
355
Nicholson File C o..........
Claflin (H B)—1st p ref...
90
94
ï<j”
Nicaragua Construction..
2d preferred.................
90
Peck, Stow & W ilcox......
Common—See NY Stock
Exc h.
Pegamoid (£1 shares)__
Ciark Mile End Thread... 80
Pennsylvania Coal—See N Y St’k Exch
Collins CO.....................
Pennsylvania Salt M fg... 106
Comstock Tun—1st inc...
Penn. Steel 5s 1917.M&N
Consolidated Car Heating s i
85
Penh. Water—Common... 10
12
Consol Fireworks—Com..
10
Phil & Wil Steamboat___ 132 142
28
Pneumatic Gun Carriage. •82 •86
Con Kan C Smelt & Refin 93
98
Pratt & Whitney—Com.. < 5
10
' Preferred
.........• 45
55
Cramps’ Ship & Eng Bldg. 7Ó
80
P rocter* G am ble........ 212 215
Preferred............ .
| 164
7
R. I. Perkins Horse Shoe.
Ensley Land....................
20 e.
Preferred ............ ........
42
108
110
M is c e lla n e o u s .
Russell & Erwin..............
Safety Car Heat & Light.
Schwarzchild & Sulzberg.
Semet-Solvay deb 5s......
Simmons Hardw’re—Com
Preferred.....................
Singer Mfg C o.................
Standard Oil......... .
Standard Underg’d Cable.
SlossI&SlstOs 1917.F&A
Southern Cotton Oil........
Stat Isl R T 1st 0s’ lSA&O
2d 5s 1926......... ...J&J
Stillw-Bierce & Smith-V.
Swift & Co....................
1st 6s............................
Susq Coal 0s 19 11....J&J
Term Warehouse—Stock.1st 6 s . .................... .
Debenture 0s.............
B a n k s.
N. Y. CITY.
America*....
Am E x ch ....
A stor...........
Astor Place*
Bowery*......
Broadway....
Butch’s&Dr..
Bid. Ask.
Bid
Ask.
88
94
55
10Ò
118
875
852
103
88
15
107
00
70
92
103
112
103
116
400
354
105
30
70
80
95
10
72%
72%
Banks.
M is c e lla n e o u s .
Texas & Pacific Coal......
1st 6s 1908........... A&O
Title Guar & Trust.........
Trenton Potteries—Com.
Preferred.....................
Trow Directory—New....
Union Switch & Signal...
Preferred......................
Union Typewriter—Com.
Union Typew’r.—1st pref.
2d preferred.................
U S Glass—Comm on......
Preferred...............
U S Projectile Co.............
Wagner Palace Car.........
Westinghouse Air Brake.
Willimantic Linen C o....
Wool Exchange o f N Y . .
Worthington Pump—Com
Preferred.............
Bid. Ask.
Banks.
45
100
80
36
81
56
0
85
78
20
70
157
215
18
110
292
11
40
40
33
60
8
90
84
27
90
100
159
230
20
20
89
Bid. Ask.
Mech & Tra*
110% Ger Amer*.. 90 100
350
Mercantile
Hamilton*... 105
169 174
146
Merchants’
Kings Co*.... 100 i l ö '
Merch Exch. 110
Manufacture. 250
220
Metropolis*.. 410 490
Mechanics*.. 220
800 815
112
Mt Morris*..
Mech & Tra*. 245 255
225 240
Mutual*....... 100 125
Nassau........ 200 275
90 100
Nassau*....... 150
Nat City...... 335 340
160
New Amst.*.. 245
North Side*.. 175 185
New York.... 285
People’s * __ 190 195
Chatham.... 290 800
NewYork Co. 800
Scherm’rh’n* 140 iso80
N Y Nat E x- 74
17th Ward*. 108 n o
Citizens’ ...... 125 140 -j Ninth........... 90 100
Sprague ......
215
C ity............. 900
19th Ward*. 100
20th Ward*.. 185 145
Clinton*.......
North Amer. 180
Union*.........
10O
Colonial*.... 120
Oriental*.... 140
Wallabout*.. 1ÓÓ' 105
Columbia*... 150
Pacific*........ 180 190
210
Park.............
810
Trust Cos.
Continental. 120
Peoples’* .... 200
N. Y. CITY.
Corn Exch*.. 275 290
Phem x. . . . . . 90
Atlantic T r .. 130
East River.. 125
Plaza*.......... 185
Central Tr’st. 1850
11th Ward*. 220
Prod Exch*..
110
Colonial....... 190
F ifth ........... 220
Republic.... 150 160
Continental. 175
Fifth Ave*.. 2900
Riverside*... 155
Consolidat’d.
i First............. 3000 8500 Seaboard.... 175
Farm Ln &Tr 870
First (St Isl) 125 150
Second ........ 450
Fifth Ave Tr
335
F ourth........
1 0
Seventh....... 108 120
Guaranty Tr
500
14th Street*.
100
Shoe & Le’th 95 102
Knick’rb’ck’r 220
Sixth........... 250
Manhattan.. Í50
800
Standard....
Mercantile.. 425
Gansevoort*.
102
State* ......... 100
Metropolitan 300
Garfield........ 850
114
State o f NY*
N Y L I & Tr 1200
German Am* 112 118
105
Tradesmen’s
N Y Sec & Tr 305
German Ex*.
12th Ward*.. 125 140
Produce Ex.
202 %
Germania*... 30 Ò
2Sd Ward*... 100
Real EstTr’t 200
Greenwich*.. 165
Union........... 225 250
State Trust..! 200
Hamilton*... 120 180
Union Sq*.... 180
Union Trust. 1020
Western......
390
150 ' USMtg&Tr. 275
Hide & L ’ath 90
West Side*.. 275
95
Unit. States.. 1175
Home*......... 150
Yorkville*.. 170
Washington. 220 b
Hudson Riv* 140
BR’KLYN.
Imp & Trad.
BR’ KLYN.
525
Brooklyn Tr. 400 410
147%
Bedford*__ 215
Franklin...... 225 235
Leather Mfr. 170
Broadway*.. 190 200
Hamilton.... 280 238
180
Brooklyn* ... 140 150
Kings Co...... 280
750
95
8th Ward*...
L Isl L & Tr. 220 225
Manhattan*. 225 240
5th Ave*.... 104 107
Manufact’rs. 233 240
Market & Ful 225 240
First.-......... 890 400
assau........ 157 159
Mechanics’ . . 180 190
F ulton*...,.. 180 2i)0
People’s ....,; 250 200 ^
* Banks marked with an asterisk (*) are State banks
Price per share*
««4 nu*. sutJS
i Purchaser also pays accrued interest ,_„
THE
752
CHRONICLE.
i V o t . L X Y I,
Boston, Philadelphia and Baltimore Stock Exchanges— A Daily and Yearly Record.
Ij T S h a r e P r i c e s —N o t P e r C e n t u m P r i c e s .
Saturday,
A p r. 9.
M onday,
A p r. 11.
Tuesday,
A p r. 12.
Wed'day,
A pr. 13.
Thursday,
A pr. 14.
Sales
o f the Range o f Sales in 1898.
Week.
Shares
Lowest.
Highest.
ACTIVE STO C K S.
F riday,
A pr. 15.
IT Indicates unlisted.
R a i l r o a d S to c k « .
. 25
City Passenger... (Balt.)
72
71% *70
70^ 70^ *70
. 25
22% 22% 22% 22% 22% 22%
(Phila.).. . 25
225¿ 23
22% 22%
23
23
.100
219% 220 ♦220 222
221% 222
222 222
222 222 *220 222
.100
57
*56
56
"♦ 55
*56% 57% 56
57 ♦ 57
57%
.100
217U 21714 *218 220
*216
216 216
.100
163
*160
160 160 *160
163 163
163 163
163 163
.100
93%
93
93% 93
94% 93% 94% 90% 92% 90% 92% 92
.100
108%109
L08
108 L08
108%110
110 110% 108 109% ♦
.100
Preferred......
......................
“
115
*114
*114
114 114 *114
113 113 *113
89% 90% 90
90% 90
90% 87% 89% 86% 88% 88% 89% Jhic. Milwaukee & St. Paul. (P hila.).. .100
. 50
“
10% 10% 10% 11
10% 11
10% 10% 10% 10% *10% 11 Choctaw Oklahoma & G ulf..
. 50
“
31
31% 31% Preferred............................
31
31
31% 31% 31% 31% 31% 31% 31
.100
“
44% Consol. Traction of N. J.T...
44
45%
45
.100
Fitchburg,
pref.....................(Boston)..
99%
98
99
♦98
98% 98% 99
99
98% 99
30 Ga. Southern & Florida....... (Balt.) .. .100
*25
30
30
*25
* 25
30 *
* 25
.100
♦
1st preferred...'....................
“
*
85
85
.100
2d preferred....................
“
*47% 55
*47% 55
* 50
*50
22
21% 21% Lehigh Valley........................(P hila.).. . 50
22
22
21% 21% 21% 21% 22
21% 22
.100
Mexican
Central..................(Boston)..
4%
*4%
4%
4%
4% 4%
* 4% 4% * 4% 4%
4% 4%
Northern C entral...,........... (Balt.) .. . 50
77% 77% 77% 77%
(Phila.) .. .100
23% Northern Pacific.............
22% 23
22
23
23% 23% 23% 23% 23% 22% 23
.100
Preferred..............................
“
59% 60% 61% 62
62% 62% 60% 61
62% 62% 62% 63
*188 189 Old Colony.......................... (Boston).. .100
188 188 *188
*187
188 188% *188
.100
“
27% 27% Oregon Short Line................
29
29
56% 56% 56% 56% 56% 56% 58% 56% Pennsylvania....................... (Phila.).. . 50
57
57
56% 57
. 50
“
79% 79% 80
80% 79% 79% 79% 79% 79% 79% 79% 79% Philadelphia Traction. . . . . . .
. 50
“
8 8 1-16
8% 8% Reading Company................
8%
8
«7 -1 6
8). 8 9-16 11-16 8 9-16
8%
1st preferred....................
“ . 50
19% 19% 20
19% 18-16 19 10 1-16 *19
19 15-16
8 ., . 50
10
10% 2d preferred........................
*9% 10% *10
* 10% 10% * 10% 10% 10% 9-16 10
20
20% 20
20
20
20
19% 19% *19% 1»% 20% 20% Union Pacific........................ (Boston).. .100
.100
“
52% 53 . P referred ...........................
52
53% 54
52% 52% 52% 54
51% 52% 51
15%
15%
15%
16
15% 15% 14% 15% 15% 15% Union T ra ction ................... (Phila.).. . 50
15% 15%
81 West End Street................... (Boston).. . 50
80% 81% 81
80% 80% 80% 80% 81
80
80
81
m is ce lla n e o u s S to c k s .
254 255
250 253
247 248% 249 250 American Bell Telephone... (Boston).. .100
«47% 248
250 250
.100
“
118% 119% 118%120% 119%120% 115%118% 115% 117% 116% 118 American Sugar Refining T..
Preferred ! ........................
“ .100
108 108
108 108% 108%108% 107%108% 107% 107% 108 108
. 25
“
173%175 Boston & Montana.................
170 173
171 172
172 175% 174%175% 171 174
. 25
“
24% 24% 24% 25
25
25% 23% 24% 23% 24% 24% 24% Butte & Boston*.....................
. 25
“
520 520 Calumet & H ecla........
520 520
*519
520 520 *515 520 *515 520
(Balt.).. .100
♦ 59
59% 59% 59% 59% 59% 59% 59% 59
59% 59% 59% Consolidated G a s ....,.........
17% Dominion C oal....................(Boston).. .100
19
19
*18
19
19
17% 17% *17
* 17% 18% * 17
21 Electric Storage Battery IT.. (Phila.) .. .100
20
19
20
20
20
19% *20
“ .100
23% Preferred!......................
22% 22% *22
64 Erie Telephone................... (Boston).. .100
64% 64% 63
64% 63% 63% *63
64
64 * 64
65
50 Illinois Steel.........................
“ .. .100
*45
*45
50
*45
50
50
* 45
50
47% 47% * 47
. 50
ft
*20
21 Lamson Store Service..........
*20
20
20
21
22 * 21
22
* 21
22 * 21
40 Lehigh Coal & Navigation... (Phila.).. ,. 50
*39
*39
40
40 * 39
40%
40
40
.100
“
6
6% 6%
6% 6%
6%
6% 6%
6% 6% Marsden Company ! .................
6% 6%
125 125% New England Telephone...... (Boston). .100
125 125 *125
*125
*125
*125
,. 25
“
25^# 26% 25% 25% 20% MM Old Dominion Copper ! ...........
26% 26% 26% * 26% 27
26
Pa. Heat Light & PowerTf.. (Phila.) .. . 50
.. 50
“
105%106% 104 105% 105%105% 106 106% United Gas Improvement !..
104 " 105
104 105
*13% 14
*13% 14
13% 13% United States Oil...... ..........(Boston).. .. 25
* 13% 14
13% 13% * 13% 14
(Phila.).... 5
*43% 44% Welsbach Light I ...............
44
44% 43% 44
43% 43% 43% 44
*1
*1
*1
* 1
1% West End Land.................... (Boston)., .. 25
ih
1)4
1)4
1% ♦ 1
1)4 * 1
.. 50
“
20% 20% 20% 20*^ 20% 20% *20% 21% Westingh. Electric & M fg...
* 20% 22 * 20% 22
Preferred.........................
“ .. 50
52
51
52), *51
*51% 53
* 51% 52 * 51% 55 * 51% 53
t Trust receipts.
It Trust rece pts ; all inst alments paid,
* Bid and asked prices no sale was made.
22% 22%
22% 23
♦70
23
72
23
S T O C K S -B O N D S Bid. I Ask.
INACTIVE STOC KS Bid. Ask.
MISCELL.—Concluded.
RAILROADS.—P rices A p r il 15.
3%
10
At Top & S Fe.. (Bost) 100 11% 11% IntB utH & S M “
Marsden preft (Phil) 100
Atl & Charlotte(Balt) 100 100 103
Mergenthaler.. (Bost) 100 138- 140
100 16% 17
Balt & Ohio...... “
Morris Canal... (Phil) 100 50
Bos & Maine pf. (Bost) 100
P re f................ “ 100
Boston & Prov. “ 100 275 276
40%
Osceola Mining(Bost) 25 40
Oatawissa........(Phil) 50
24
Parrott Sil&Cop “
10 22
1st pref......... “
50
Pennsyl Salt... (Phil) 50 101
■Central Mass...(Bost)100
9
8
12
Pennsyl Steel!. “ 100
56
Pref................. “ 100 54
P r e f !.............. “ 100
22
Central Ohio.. . (Balt) 50 20
31
Phil’delphia Co(Bost) 50 80
12
€hie& W Mich. (Bost) 100 10
Cit’s St o f IndsT(Phil) 100 24
25% Pullman's Pal.. “ 100 172 174
Quincy Mining. “
25 106 108
City & Suburb.. (Balt) 50
Reece Buttonh. “
10 12
12%
Conn & Passum(Bost) 100 Í50 154
6%
6
Santa Ysabel G “
5
•Conn R iver.,.. “
100 250 260
Tamarack Min. “
25 146 148
12
Flint & Pere M. “ 100 10
United El Sec.. “
50
34
Pref................. “ 100 SO
P re f................ “ 100
G’rmant’n Pass(Phil) 50
136
Water Power.. “ 100
Hestonv M & T “
50
%
Welsbach Comf(Phil)100
P ref................ “ 50 64%
P r e f ! . . ........ “ 100 63
Hunt & Broad T “
50
Westm’rel Coal(Phil) 50 49
41
P ref................ « 50
Wolverine Min. (Bost) 25 20% 20 %
15
K C Ft S & M .. (Bost)100
5
Wollaston L’d. “
5
50
P re f................ “ 100 35
1% 1%
•Little Schuylk.(Phil) 50 54
B o n d s —B o s to n .
Maine Central.(Bost)lOO 126% 128
Metropol Stf... (Phil) 100 187% 138% Am Beil Tel 7s. 1898 F&A
A T&S F gen g 4s. ’ 95 A&O
87%
M inehill& SH. “
50
Adjustment g 4s. .1995 I 58
58%
Nesquehon’g V. “
50 55
B & M 3d is 7s.’02-07 M&N
45
New England..(Bost)100 35
Boston Term’l 3%s. .1947 109 111
90
P re f................ « 100 85
BosUn Gas 1st 5s.’39 J&J 88
90
North P enn....(P hil) 50 90
95
2d M 5S .......193 9 J&J 66
68
No & W Branch “
50
Bur& Mo Riv ex’pt 6s.J&J 116 118
P e n n & N W ... “
50
Non-exempt 6s.’ 18 J&J
107%
20
Phil & Erie...... “
50 10
Plain 4s........1910 J&J i 96
98
Phil Germ & N. “
50 130
Ch Bur& N 1st 5s.’ 26 A&O ¡105 105%
United N J ...... “
100 250 252
2d M 6s....... 1918 J&D ¡100% 101%
United Tr o f P. “
50
Ch Bur & Q 4s. 1922 F&A § 96
99
P re f................ “ 50
Iowa Div 4s. 1919 A&O ¡100 101
West End pref. (Bost) 50 103 102%
Chicago Junc 5s. 1915 J&J ¡110 112
52
West Jer & S S.(Phil) 50 51
Ch & No M gu 5s. ’31 M&N ¡ 50
55
3
W estN Y & P a . “
50
2%
Chi & W M gen 5s,’ 21 J&D ¡ 62
65
Wiscon Central(Bost)100
1% 2
Con. of Verm’t 5s.’ 13 J&J * 5 5
58
3
2
P ref................ “ 100
75
W or Nash & R. “ 100 120 125 1 Curr’t Riv 1st 5s.’ 27 A&O 8 60
D G R & W 1st 4s.’ 46 A&O ¡ 75
77
MISCELLANEOUS.
Domin Coal lst6s.’ 13M&S ¡103
2
Allouez Mining(Bost) 25
1%
East’n 1st M 6s g.’ 06 M&8 ¡116 118
4
Am Ry El Lt.I. (Phil)
3%
Fr Elk&M V 1st 6s ’ 33 end ¡135
Anaconda Min. (Bost) 25
Unst’p’d 1st 6s.’33 A&O |¡185
Anniston Land. “
100
85
Arnold Mining. “
25 ÍÍ
11% Illin Steel conv 5s. ’ 10 J&J ¡ 8 4
Debenture 5S.1913A&OII 80
82
Ash Bed Min'g. “
25
2%
2%
80
28% KCC& S lst5 sg .’ 25 A&O I 70
Atlantic Min’g. “
25 28
Baltic Mining.. “
25 12% 12% K C Ft S&G 1st 7s.’ 08 J&D |.... 115
KCFS&Mcon6s.’ 28M&N I 99 100
22
Balt Wareho’se(Balt) 20 21
77
Bay State Gasf. (Bost) 50
1% E C M & B 1st 4s..’ 34 M&S | 75
1%
Income 5s,
30
Berg&EngBr’w(Phil) 100
8 29
K C& M Ry&B 5s.’ 29 A&O 8 95
98
P re f...’.......... “
100
K C St Jo & C B 7s.’ 07 J&J ¡116 118
Boston Elec Lt. (Bost) 100
4
Boston Land... “
10
4% Lams’n St’re S 6s.’09 M&S 8 ....
L R ock& FSlst7s.’ 05 J&J 8100 103
3
2
Boylston St L ’d I
15
L E&St L 1st 6s g.’ 26 A&O *100 103
38
Cambria Iron..(Phil) 50 30
2d M 5-6 g....l936 A&O * 85
87
73
68
Canton Co........(Balt) 100
Centen Mining. (Bost) 25 12% 13% Mar H & Ont 6s...’25 A&O 8109 110
Mex Central 5s. 1917 A&O
Central Trans.. (Phil) 38 20%
4s g ...... ........ 1911 J&J 8 61
62
Domin Coal pf. (Bost) 100 100 102
1st con inc 3s g non-cum 12
14
Edison El 111... “
100 160 165
4
2d con inc Ss non-cum..
5
2
1
Ft Wayne Elect “
25
New
Eng
Tele
6s.’
99
A&O
8......
Franklin Min’g. “
25 11
11%
6 s ................. 1907 A&OI5....
50
French Bay Ld. “
5 25
32% N Y&NEng 1st 7s.’ 05 J&J 8117 118
-General E lect.. “
100 32
111
1st mort 6s.... 1905 J&Jl|ll0
88
P r e f ............ “
100 85
f88
Bid. Ask.
BONDS
B o sto n —Concluded.
98
Ogd& L C con 6s.’ 20 A&O * 94
15
Income 6s..............1920
Rutland 1st 6 s..’ 02 M&N 8106 108
2d 5s............. 1898 F&A 8 99 100
West End St 5s. .’ 02 M&N 3103
4% s.............. 1914 M&S
Gold 4s........1916 M&N
4 s ...............1 9 1 7 F&A 8103
B on d s—B a lt im o r e .
Atl & Ch 1st 78.1907 J&J
AtlG-Lightlst5sl917J&D
Balt Belt 1st 5S.1990M&N
BaltCPaslst 5S.1911M&N
Balt Fundg 5S.1916 M&N
Exchange 3%s.l930J&J
Balt&Ohio 4s g. 1935 A&O
Pitts&Con 5 g.l925F&A
Statlsl 2d 5 g.1926 J&J
Receivers certif 6s. J&D
Do Maryland Constr 5s.
Do Pittsb & Con 5s. J&J
Do Main Line 5s..
B&OSWlst4% g.1990J&J
Balt&Plst6sml 1911 A&O
1st 6s tunnel 1911..J&J
Bai Trac 1st 5S.1929M&N
Ext & Imp 6S.1901M&S
No BaltDiv 5s. 1942J&D
Conv’rtible 5sl906M&N
CapeF&YsrA6g. 1916 J&D
1st 6s ser B..1916 tr rec
1st 6s ser C..1916 tr rec
Cent Ohio 4%s g .’SO M&S
Central Ry 6s.. .1912 J&J
Consol 5s. ...1932 M&N
Ext & Imp 5S.1932M&S
CharlC&A ext5s.l910J&J
Chesap Gas 6 s.. 1900 J&D
City&Sub 1st 5s. 1922J&D
Col&Grnvlst5-6.1917J&J
Consol Gas 6 s..1910 J&D
5s...... ..........1930 J&D
Ga &Alalstpf5sl945A&0
GaCar&Nlst5s g. 1929J&J
GeorgiaPlst5-6s 1922J&J
GaSo&Fla 1st 5s. 1945J&J
Lake R El lstgu5s’42M&S
Mae&N 1st 4%s. 1990M&S
MetSt(Wash)lst5s’25FA
New Orl Gas 1st 5s...Var
NorthCent 4%s.l925A&0
6s 1900..................A&O
6s gold 1900........... J&J
6s 19 0 4 ..................J&J
Series A 5s 1926....J&J
Series B 5s 1926....J&J
Ohio&Mlst7SD1905M&N
Pitts&Con 1st 7s 1898J&J
Pitt Un Trac 58.1997 J&J
PotomVallst 5s.l941J&J
SecAvTn (Pitts) 5s’34J&D
Seab & Roan 5s.l926 J&J
Virg Mid 1st ös.1906 M&S
2d series 6s. .1911 M&S
3d series 6s.. 1916 M&S
4th ser 3-4-5S.1921M&S
5th series 5s.l926 M&S
Ya (State) 3s new.’ 32J&J
Fund debt2-3s.l991J&J
Va& Tenn 2d 5s. 1900 J&J
8s....................1900 J&J
120
101
S3
114
118
103
100
121
85
115
120
103%
93%
103
100%
97%
120
121 %
114% 115%
102 % 103
114% 115
101 102%
65
75
42
47
42
46
110
113
110
107
105
113
114
116
107
100%
87%
117
100%
108%
117%
100
109
103
104%
110
115
114
101
101
85
109
100
109
115
114
95
104
76
66%
109
106%
113%
116
117
108
101 %
88%
ibo%
108%
104
105%
102
102
100
95
ÌÒ1
.....
105
78
67
30
2,044
214
59
25
5
26
22,364
773
24
12,600
880
1,078
1,213
79
66 Jan.
22 Mar.
21% Mar.
217)| Mar.
52% Mar.
215 Apr.
160 Mar.
85% Mar.
102 Mar.
105 Mar.
85% Mar.
9 Feb.
27% Jan.
37 Jan.
98 Mar.
75% Feb.
24% Feb.
24% Feb.
225% Feb.
63% Jan.
225 Jan.
171% Jan103% Feb.
121% Feb.
118 Feb.
97% Jan.
11% Jan.
33 Feb.
48% Feb.
100 Jan.
351
1,155
50
3,625
4,872
61
25
2,802
1,490
5,570
1,202
,
500
748
11,899
8,731
1,563
20 Mar. 12
4% Apr. 6
76% Jan. 14
19 Feb. 24
57% Mar. 26
185% Mar. 16
18 Jan. 4
55% Mar. 12
77 Mar. 25
7 13-16 Mar25
18% Mar. 26
9% Mar. 25
16% Mar. 25
47 Mar. 25
12% Jan. 3
78 Mar. 25
26% Jan. 3
6% Jan. 12
81% Feb. 7
28% Jan. 81
68^ , Jan. 31
193 Jan. 31
83% Feb. 17
60% Feb. 7
85% Feb. 18
11% Jan. 6
27 1-16 Feb. 3
14 9-16 Feb. Si
20% Apr. 15
54 Apr. 11
17% Feb. 14
85 Jan. 3
290 238 Mar.
38,341 107% Mar.
..132 103 Mar.
7,493 149% Jan.
11,137 18% Mar.
13 489 Jan.
306 52% Jan.
200 14 Mar.
769 18% Mar.
295 21 Mar.
78 59% Mar.
50 44% Mar.
1 20 Mar.
19 39 Mar.
2,924
6 Mar.
14 120 Mar.
3,907 21% Jan.
2,543
6 Apr.
4,660 97% Feb.
150 10% Feb.
463 33% Feb.
1 Jan.
123 20% Apr.
70 51 Mar.
11
1*
23
17
10
22
7
11
7
5
12
31
11
2
0
272% Jan. 14
144% Jan. 7
116% Jan. 0
191 Mar. 2
28% Feb. 2
540 Mar. 2
60 Mar. 80
24 Jan. 3
29% Jan. 10
32 Jan. 10
72% Jan. 5
55% Jan. 29
22% Feb. 3
43% Jan. 7
11% Jan. 11
134 Feb. 7
32% Mar. 2
7 Apr. 4
114% Feb. 18
15 Mar. 1
44% Mar. 31
1% Jan. 3
25% Jan. 8
55 Jan. 11
BONDS
B a lt im o r e —Conclu’d.
WestN C con 6S.1914 J&J
WestVaC&Plst6g.’ llJ&J
WilCol&Aug 6S.1910 J&D
Wil & Weld 5s.. 1935 J&J
B o n d s— P h ila d e lp h ia
Atl City 1st 5sg..’ 19 M&N
Buffalo Ry con 1st 5s. .’31
Catawissa M 7s.l900 F&A
Ches&D Canlst5s.’ 16 J&J
Choc Okla & G prior lien 6s
General 5s.... 1919 J&J
Cit’s’ StRy(Ind)con 5s.’33
Colum St Ry 1st con 5s.’ S2
Colum O Crosst 1st 5s..’ 33
Con Trac of N J 1st 5s..’ 33
Del & B Bk 1st 7s.’ 05 F&A
East&A 1st M 5s.’ 20 M&N
Edison Elec 5s stk tr ctfs.
Elec& Peop’s Tr stk tr ctfs
Elm&Wilm 1st 6s.’ 10 J&J
Income 5s....2862 A&O
Eq 111 Gas-L 1st g 5s. 1928
Hestonv M & F con 5s.’24
H& B Top con 5s.’ 25 A&O
Intemat Nav 6s...... 1908
K C Sub B 1st 6s..’ 20 J&D
K CP & G 1st5s..’ 23 A&O
Lehigh Nav 4%s. .’ 14 Q^I
R R 4 s g ......... 1914 Q-F
Consol 7s...... 1911 J&D
Gen M 4% sg.. 1924 Q-F
Leh V C ’l 1st 5s g.’33 J&J
Leh Val 1st 6s.. 1898 J&D
2d 7s.............1910 M&S
Consol 6s...... 1923 J&D
Annuity 6s............ J&D
Newark Pass con 5s.l980
NY Ph&Norlst6s.’2S J&J
No Penn 1st 4s..’ 36 M&N
Gen M 7s........1903 J&J
Penn gen 6s r.. .1910 Var
C on sol6 sc.... 1905 Var
Consol 5s r .... 1919 Var
Collat Tr 4%s g.’ IS J&D
Pa & N Y Can 7s..’06 J&D
Cons 5s........1939 A&O
Cons 4s........1939 A&O
Penn Steel lst5s.’ 17 M&N
People’s Tr tr certs 4s.’ 43
Perkiom 1st ser5s.’ 18 Q-J
Ph&Er gen M 5g.’20 A&O
Gen M 4s g. .1920 A&O
Ph & Read 2d 5s.’ 33 A&O
Consol M 7 s..1911 J&D
Con M 6s g...l91 1 J&D
Ext Imp M4sg.’47 A&O
Con M of ’82 4s.’ 87 J&J
10-yr s f 5s g.1902 F&A
Terminal 5s g.1941 Q-F
P Wil & Balt 4s. 1917 A&O
Collattrust 4s.l921 J&J
Pitts C&StL 7s. 1900 F&A
Read Co gen 4s, 1997 J&J
Rochester Ry con 5s. 1930
SchRESidelst5s g’ 35J&D
Union Term’l 1st 5s.F&A
United N J 4s. .1944 M&S
UnTracPitts gen5s’ 97J &J
§And accrued interest.
♦Price includes overdue
! Unlisted.
Bid. Ask,
112
108
115
115
112)
108)
108%
107%
105
*75*
101
122%
1Ö8*
107
80% 80%
11 9«
100
103
105
103%
75%
105
92
103
125
118%
109%
101
109
129
103%
103%
119
110
101%
•••••«
118
135
123
108
121
122
100
101
102
131
100% 101%
101
117%
107
"80
108%
80%
99
104%
A pril 16, 1898.]
ABSTRACT «fa o n
THE
CHRONICLE.
R B P O a r s O P THEE J Í 4 T I O V U
Deposits.
Capital.
1898.
Surplu».
Individual.
f Maine............
tf N. Hampshire.
St V erm ont...,
9 Boston.........
£ Mass., other
* Rhode Island
H Connecticut..
I Total DIt .N o.
New York City
Brooklyn.. . .
3 A lban y........
2 N. York, other
2 New Jersey..
B Philadelphia.
• Pittsburg___
W Penna., other
1 Total Div.No.!
i
i
Delaware. . . .
Baltimore .. .
3 Maryland, oth,
S Washington...
5 Diet. Col., oth,
M Virginia.........
■ West Virginia
l Total Div.No. i
rNorth Carolina
South Carolina
Savannah ....
Georgia, oth..
Florida..........
fit Alabama . . . .
Jj Mississippi...
a
New Orleans..
3 Louisiana, oth,
g H ouston........
* Texas, other..
Arkansas.......
Louisville . . . .
Kentucky, oth
Tennessee.....
Total Dlv.No.4
Cincinnati...
Cleveland. . . .
a Ohio, o th er. . .
ig Indiana...........
g Chicago...........
K Illinois, other.
• Detroit............
a Michig’n. other
• Milwaukee___
^ Wisconsin,oth,
L Total Div.No.5
i
Des M oines...
Iowa, other...
St.Paulds Minn
Minnesota, oth
J St. Louis___ _
• 6 t. Jo.&Kan.C.
S Missouri, oth’r
• Kansas............
fee Omaha & Line.
'Nebraska, oth.
North Dakota.
South Dakota.
Total Div.No.6
f N evada. . . ___
3 San Francisco.
2 California,oth.
9 O r e g o n ........
£ Washington...
I Total Div.No.7
f ArlLona.. . . . . .
j Colorado..w. .,
■ Idaho..............
• Montana........
*New M exico..
z Oklah’a & I. T.
9 U tah................
O Wyoming........
1 Total Div.No .8
82 11, 121,000 2,7 «1,452
51
5.815.000
1,380,732
6.985.000
49
1,573,146
53 49,350,000 14,983 025
213 43,877,800 15,195,889
57 19.337,050
4 886,353
81 21.541,070 7,884,450
586 158,026,020
48,605,047
758
B A N K S T IIO E T O T H G C O U P F R O L L B R F E B .
Other.
Loans <t dis Gold and
Gold
counts. (In cl’g gold O .R . Treasury
overdrafts.) certificates. certificates.
15,619,787
189,203
9.520,196
176,037
9,158,798
47,66 L
128,128,046
233,486
80,813,900
100,497[
19,432.169
96,027
36,727.406
239.134
29o,40o,3o2 I,0a2,045
382,535,477 15,879,177
16,273,758
199,842
6,0(>5,076
49,955
96,104,240
467,715
58,624,539
311,880
107,070,341
202,009
46,353,816
201,307
123, *36,632
300,140
836,303.929 17,612,025
5,220,557
50,036
26,273,264
217,263
11,287,1-50
50,000
14,366,038
102,185
22,711,572
991,694
11,479,092
451,381
11.987,925
500,245
164,780,142 7,815,930
109,017,164 3,251,086
34,317,210
686.C37
45,679,813 1,974,865
399,972,«*! 8 15,671,238
471,018,58 s i»2,685,561
11,428,795
498,485
7,J3 «,307
496,0-2
91,157,809 3,845,166
52,015,094 1,830,892
98,812,859 8,752,922
48,020,385 3,407,926
112.373,313 5,634,359
891,963,144 1171- 1393
48 48.900.000 42,701,500
5 1.352.000
2,280,000
6
1.550.000
1,380,000
267 31,607,940 10,938,344
103 14.445.000 8,291,700
39 20.915.000 14,523,000
30 12.300.000
9.893,400
355 40.709,44 :> 21,461,631
853 171,779,3e5 111,469,575
2,083,985
984,151
5,409,985
156,108
13,243,260
5,184,100
33.484,166 1,706,129
3,746,700
1,667.675
10,402,297
384,569
2.775.000
1,216,000
9,294,636
429,721
252,000
150,000
801,283
589,595
137,170
4,646,300
2,898 600
15,213,484
642,334
15,748,062
596,301
3.351.000
880,851
8,639,596
100.107
8,721,543
442,056
167 ¿0,098,245 12,981,377
81,801,402 1,161,925
83,6oO,284 3,852,054
27 2.651.000
807,010
6.007,ft70
151,2a2
6,489.677
308,7.3
16
1.898.000
760,946
4.523,175
154,135
5,708,694
148.388
2
750.000
225.000
536,514
1,250,800
89,093
2,000
27
3.166.000
1,067,391
7,571,991
48,141
7,652,182
297,778
15
1.150.000
504,660
4,151,171
122,889
3,493,053
101,958
26 3.355.000
650,966
8,153.143
99,719
5,963,006
360,198
10
855.000
396,700
2,983.954
2.291.393
41.438
7
2.300.000
2,305,000
16,783.484
11,3^4,862
790,164
12
860.000
375,200
2,745,834
2.373.394
50,782
5
1.150.000
572,300
2,792,157
2,164,823
353,763
197 18,642,040 4,788,537
39,892,073
349,673
37,187,806 1,867,922
7
1.070.000
262,500
2.632,723
50,218
2,120,226
145,291
6
3,000,000
665.000
5,577,533
750,265
7,550,964
587,340
68
8,289,900 2,262,200
13,013.845
726,121
16,705,916
739,513
49
8.535.000
1,815,519
19,559,890
263,99 j
19,72 4,488
890 949
474 57,671,940 17,453,938 13«,«25,057 2,825,532 132,061,284
6,686,257
13 7.800.000
2,765,000
21,240,686 1,216,165
24.721,452 1,100,700
13
9.775.000
2,111,700
23,»8 ,387
60,600
29,216,949 1,507,082
22c 27,967,030
8,055,13)
67,800,001
68,172,600 3,635,320
557,660
111 13.732.000
4,708,271
37,204,762
300,757
32,771,937 3,430,567
16 18.950.000
9,237,400
80,947,012
525.912 101,163,914 15,134,895
202 17.796.000
6,689,451
51,3-«9,695 1,101,262
50.048,350 2.840,33«
6
3.300.000
605,000
10,637,577
299,460
14,828,592 1,346,825
76
8.595.000
2,640,219
29,986,427
96,041
27,411,849
1,542,160
5 3.250.000
586,500
20.« 42,509
391.913
15,988,347 1,9«1,413
74
6.810.000 1,809.335
24,346,041
140,723
2 »,586.600 1.393,959
742 117,975,03c 39,208,006 368,392,700 4 ,6a2,393 384,910,590 33,893,253
4
800,000
221.500
1,547,031
2,544,650
146,157
1 6 1 12,090,000
2,814,104
27,318,879
190,033
30,866,839 1,4)3,248
11
8.300.000
1,158,500
16,992,347
463,306
22,635,161
2,374,742
59
4.815.000
1,013,050
16,417,856
50,000
14,448,377
932,261
6
8.400.000
1,710,000
22,580,906
525,000
33,090,379 1,214,328
7 2,650,000,
613,000
14,118,006
150,065
19,984,779
622,192
60
8.615.000
738,327
9,019,337
7.975,752
421,776
102
8,517,100
1,463,748
20,**88,270
345,249
21,141,926
933,859
11
4.550.000
370.500
9,500,175
462,629
11,747,275 1,269,370
92
5.875.000
1,109,026
11,730.698
12,443,906
528,150
25
1.555.000
234,800
5,483,912
4,338,143
227,391
26
1,63 5,000
302,150
4,093,906
151,200
3,435,998
304,956
554 62, 802,100 11,748,705 159,791,923 2,337,482 184,653,185
10,498.430
82,000
700
301,286
238, ¿00
15,580
6 ,000,000
2,225,000
11,463,679
163,461
12,496,715 5,066,048
4.875.000
1,042,800
13,517,000
149,907
10,940,801
2,306,215
3.020.000
530,782
8,769.246
395,738
6,258,881 1,389,420
3.978.000
661,946
11.811.030
83,792
7,427,543 1,952,831
»9 17, «55,000 4,461,228
45,862,261
792,898
37,362,140 10,730,094
5
400.000
48,550
1,318,365
949, ¿27
156,245
39
4.907.000
1,080,069
29,752,758
457,248
19,44-»,947 4,147,161
10
600.000
246,879
2,091,866
49,165
1,171,833
209.630
21
2.555.000
377,“700
9,886,306
7,428,651
738,932
6
600,000
113.000
2,651.390
186Ì005
1,845,988
142,960
16
910.000
179,588
2,556,451
1,911,247
51,057
11
1.750.000
399,168
3,460,421
147,239
2,767,097
672,853
11
860.000
106,700
2,446,802
2,074,146
191,610
2,551,654
Silver.
18, 18 98 .
Silver Leg. tend’ r
Treasury d u . S . c f * I
certific’tes deposits.
»
122 901
307,140114,118
274.870
66,440
19.1.633
2,686,831 9,402.525
790,4 i2 2,247.314
195,416
660,212:
495,616
752,070
,471,75« 13,843,773-
24,970
124,655
2,950
92,266
23.450
83,2 2
1,397,410
228,724
189,240
535,510
1O1.740Í
120,203
339,690
268,416
2,079,450 1,453,026
6,802,510
b26,744 7,198,871 71,546,700
165,000
75,926 396,287
926,339
334,420
58,951
30,593
318,424
524,950
679.820 532,588 2,822,063
256,040
330,689 1,011,780 2,185,860
158,880
491,817 3,434,339 11,386,955
406,400
314,257 943,211 2,570,936
40 >,240
923,315 1,388,914 3,581,093
9,048,440 3,506,019 1493o58d
15.150
55,146 1 ¿2,199
131,241
345,210
151,623 1,995,582 2,489,472
25.150
99,193 205,049
416.543
577,610
41,941 1,223,250
528,165
42,000
4,028
78,789
9,543
11,860
152,458 197,622
795,089
40,970
88,670 139,838
422,204
1,057,950
593,070 3,962,329 4,792,262:
1.000
2 tl,u 6 5
65,750
255,054
114,« 06 102,385
417,314
3,000
6o,2 o0
45,000
45,559
8,760
193,149 172,501
626,150'
50
77,519
50,186
293,610
39,780
200,670 111,180
398,105
49,745
11,284
222,797
134,630
165,941 1,192,216 1,844,596
126.900
76,366
91,147
134,020
86,640 107,872
831>753
57,260
840,438 507,329 2,613,362
4,180
41,571
43,530
88,351
5,000
46,355
531,92818.640
118,568
75,754
441,081
101,470
258,735 352,754 1,237,700
507,790 2,-9i,5«>8 2,9 20,lo 7 9,938,507
3 i7 ,1 5 0
90,5 i i
394,890 2,447,661
246.190
174,519
138,175 1,050,435131,500
647,374 389,994 3,163,136
147,890
373,788 310,253 1.403,003
3,148,050
391,716 3,102,133 18,733,900
303,030
496,795 401,526 1,752,942
18,000
155,059 147,558
763,387
29,870
20 «,916 146.656
685,585
76,347 1 ¿3.245 1,036,96027,570
187,979 172.656
553,906
4,374,360 2,804,024 5,329.oo6 31,590,915
4,270
3/,157
15,450
165,740112,410
309,839 226,547
912,945
10,000
215,440 126,748
621,201
13,620
143,881
74,555
317,980
240,210
52,172 l,2 3 o ,0 1 0 5,750,01059,4s0
145,429 687,207 1,014,061
5,860
94,868
59,076
343,601
26,350
226,972 125,335
674,110
32,400
217,546
634,024
96,999
1,300
96,343
45,129
303,964
1,260
42,098
15,266
205,374
2,500
50,757
189,909
17,8*9
50-*,660 i,6 ÏÏÏÏP 7 2 ,7 2 ¿ ,li«l 11,132,910
4,302
Ï5T
345,000
89,975
12,966
8,885
18,590
202,726
91,549
40,228
40
76,451
27,400
21,614
18,440
119,930 140,077
198.970
382,070
493,364 214.866
326 955
92,940
240
.1,000
1,500
500
6,450
102,630
15,678
190,868
17,284
94,141
41,413
48,077
51,229
23,442
482,132
56,027
1,547,552
73,274
555,477
lo o ,s d s r .ie ,108
43.467
48,676
2,551,466
266,021
21,239
67,437
7,500
24,124
14,113
6,870
407,304
8
l!
S
1
I
it
I
1 sl
«
ft
I
Mil’s Mil’« Mil’s Mill’*. Mil’s MiVs Mil’« Mi
Resources. ; Mil’«) Mil’«
Loans........
4 7 1 11*4 7 ’1 9 8 8 48-0 3 3 5 9 3 1-2
Bils for oiro.
17•8
•0
7-0 5-1 2 0 l-o *1
Oth.U. 8.
19
•2 M
M 7 0 •8 •2 •4 *1
Stks, bds. &c.
8* 47- 2-6
•7 12*4 4 2 2 9 l-o
Duefr.bands 49- 37- 2 6 5*8 3 0 0 1 3 1 7 1 4*3 *3
Real estate .
3‘ 1«
•4
•7
4 8 3-7 2 4 l-o •1
G.coin & ctf a
99
•7
•8
8-9 3-8 2-1 l-o
Sil.coin&ctfs
3
•1
•6
8‘
3 9 1-8 2 1 1-3 •1
L.tend notes
7
•9
•3
41 2-2 2-6
•8
•5 *1
U.S.ctfs.dep.
2 29 9 2
1-7
Nat.bk notes
1
1•1
•4
•8
•8
Cl’r’gH.exch 1 2
•1
70
12
92 32 18
•I •1
Oth. res’ces.
3
•2
•3
82-2 1-4
*4
•2
Totals...... 2 6 5 » 6 4 2 1 ‘6 15-9 189-7 8 7 0 57*3 2 9 1 2Ü
Cities, &c. j (5
1
Liabilities.
Capital...:... 49 4 9
1-3 1-5 20-9 12-3 132 2-8 *8
Surplus fund 15 4 3
2-3 1-4 14-5 9 9 5-2 1-2 •2
Cndi. profits
6
17
*4
•2
2-8 1-8 l-o
*2 •1
Circulation..
5- 14•6
•8
6-0 4-0 1-7
■8 •1
Due to dep’rs 128- 3 9 8 16-6 61 107-3 46-6 2 6 5 14-5 •0
Due to banks 63 334*
•5 6 4 35-1 11-8 9 5
•0 ■8
Other liab's.
2*
9-1
•2
Totals..
¿ 6 8 8 6 4 ' •110 15 9 I S O ! 87-0 57'3 20-1-2--
I
If ll1
*3 I I 11
I
i
li
°a
J
t
£
(
tob|
i
R eserve
Total
Oth
T otals
Total
Res,eroe
M ies.
18,0t>2.3oo|13,558,170 34964239
||
3g s
M ü’s Mil’s M il’s Mil’s MU’n s. MU’n s. MU’ns.
3 3 1 2 0 0 11-7
•4 •8
1-8
•0
•0
*6
2 4 1-2
-8
16 7 12 3 4-5
12
•5 1-0
1-6
*7 1-3
1-3
•3
•8
4 0 10
•0
1-7
•3
•2
•1
1-4
•6
•0
•4 •2 .
12-5 1 ,15 5
•4
55
1-4
31
13
105
28 280
•6 4 2
54
164
*1
30
85
49
....
6
•8 1 0 9
-2 •3 2 0
9 9 7 •2,152
158 213
17
48125 230
299
579
67 1 0 9
59 2 2 3
18
48
35
120
49
13
19
5 114
»3
43
6 6 4 38-5 23-0 25-0 ¿,131 1,81 6 3 ,9 4 7
8-4 2-6 4-0 6 0 2 3 1
629
398
1-7
•0 •4 2 - 2 1 1 8 131 2 4 9
•7
*8
*1
•2
37
86
49
4
16
*7 *1 4 6 1 3 8 1 8 4
2 3 1 14 3 10 0 11*6 1,00 9 1,005 2 .0 1 4
30-9 2 0 3 7-2 4 8 6 7 6
8:» 7 6 5
...
■1 J 4
20
6
230
~ ¿7
«Wt/fl*
THE
754
CHRONICLE.
[Y ol .
Latest Gross E arn ings.
R oads .
| n u je s t m e n t
1M>
f l a x lr o a d
I n t e ll i g e n c e .
RAILROAD EARNINGS.
The following table shows the gross earnings of every
s t e a m railroad from which regular weekly or m onthly returns
can be obtained. The first two oolumns of figures give the
gross earnings for the latest week or m onth, and the last two
columns the earnings for the period from January 1 to and
¡including such latest week or month.
a
The returns of the street railways are brought together sep
y on a subsequent page,
Latest Gross Earnings,
Roads.
W eekorM o
1898
1897.
$
23,624
20,571
A d iro n d a ck .. . . . F e b r u a r y .
27,864
2 7 ,-0 0
A la. Gt. S outh.. ls tw k Apr.
62,405
66,147
A la. M idland.. F e b r u a r y .
A la. N. O. T ex. &, Pao. Juno.
45.000
4thw
k
Mch
47.000
N. Orl. & N. E.
22.000
21.0' 0
Ala. & V icksb. 4th w kM ch
23.000
26,000
V icks S b .& P . 4thwk Mch
A llegheny V a l.. F e b r u a r y . 185,499 169,322
26,02
<
28,717
A n n A r b o r ......... ls tw k Apr.
13,593
7,353
A rk. M id la n d ... F e b ru a ry .
A tch . T. &8.Fe.e F e b r u a r y . 3,056,390 2,447,742
134,406 144,639
A tlanta & Char. J a n u a ry...
28.944
21,9 17
A tl. K n ox.& N o. M arch.......
50,224
48,068
A tlanta & W. P. F e b r u a r y .
13,462
12,499
Atlan. & D a n v .. lstw k Apr.
17,254
12,079
A ustin & N ’ w est Ja n u a ry...
Balt. & O h io— February., 1,851,445 1,777,368
Bal. & 0 . Sou’ w. ls tw k A pr. 131,743 113,611
1,621
1,467
B ath & H am ’nds F ebruary..
2,4 <9
2,068
Bir. & A tlantic. M arch.......
37,828
47,595
B runsw ’k& West February
68,396
60,402
Buff. Roch.& Pitt ls tw k Apr.
36,335
34.881
Buffalo & Susq.. F e b ru a ry .
68,744
lstw
k
Apr.
58,273
Bur.C. Rap.& N.
379,001
OanadianPaciflc lstw k Apr. 448.00
F
e
b
ru
a
ry
.
5,596
6,919
Car. M idland....
77,768
72,361
C ent.of Georgia ls tw k Apr.
F
e
b
r
u
a
r
y
.
885,290
848,939
Central o f N. J ..
Central Pacific Ja n u a ry... 1,051,818 858,913
80,932
69,913
C harlest’n&Sav. February .
1,042
Chattan’ga S o .. lstw k A pr.
Ches. & O h io .... lstw k Apr. 178,564 208,623
Chic. Bur. & Q .d February . 3,139,716 2,769,462
63,918
84,677
Chic. «feEast.lll. 1stw k Apr.
87.792
98,385
C hic. Gt. W est’n lstw k Apr.
60,304
53,789
Chic. Ind. & L . lstw k Apr.
Chic. Mil. & St. P. lstw k Apr. 607,437 494,740
C h ic.& N 'th w ’ n. F e b r u a r y . 2,586,872 2,206,831
78,879
71,071
Chio.Peo.&St.L. M a rch .. . . .
Chlo.R ’ k I. & P.. M arch....... 1,462,529 1,237,494
Chio.St.P.M .& 0 F e b ru a ry . 591,272 523,636
22,043
19,737
Chio.Ter.Tr.RR. lstw k Apr.
33.793
29,496
C hic. &W . M ich. lstw k A pr.
Choo.Ok.& Gulf. Ithw k Mch *23,560 *13,169
3,980
’Cin.G.& Ports’ lh M arch ..
4,338
338,547 290,703
Cin.N . O. & T . P . MarcU..
22,716
19,412
Cin.Ports.& V ir. M arch ..
14,575
18,224
Clev.Can. & S o .. 4th w k M ch
<Jl.Cin.Ch.&St.L lstw k Apr. 255,434 246,687
145,343 140,245
Peo. & E ast’n M arch.......
28,568
20,009
Cl. L or. & W heel. lstw k Apr.
137,159 137,098
C ol. M idland.. . . M arch.......
231,587 188,920
C ol.H . V. & T o l. M arch___
13,124
15,410
C ol. Sand’ y & H. ls t w k Apr.
1,250
1,150
Colusa & L a k e .. M arch.......
1,161
516
C rystal................ F e b ru a ry .
61,519
50.675
Cum b’l’ d V alley F e b ru a ry .
D en v. & R io G r. ls tw k Apr. 142,800 121,700
4,433
4 ,5 ; 6
D esM . & K a n C . tthw kM oh
39,849
34,555
Des M. N. & W .. M arch____
28,097
D et.G .R ap. &W. ls tw k Apr,
24,492
6,744
B et. <&L im a No. lstw k A p r
35,766
Det.& M ackinac F ebruary
46,636
D uluth S.S.&Atl 4thw kM ch
43,618
49,427
148,687 100,154
E lgin J ol. &East. M arch.......
E rie........... ......... F e b ru a ry . 2,247,191 2,175,542
3,782
Eureka Springs. February.,
4,058
5,209
® vans. & Ind’plis lstw k Apr.
5,641
19,807
E vansv. & T. H . lstw k Apr.
16,827
F itch b u rg.......... F e b ru a ry . 520,726 482,906
F lint & P. Marq. lstw k Apr.
54,392
57,485
F t.W ’th&Den.O. F e b ru a ry . 118,829
75,085
12,964
13,163
F t. W. & R io Gr. lstw k Apr.
599
699
Gads. & A tt. U . M arch.......
21,940
24,560
G eorgia R R ..... ls tw k Apr.
25,558
19,653
G eorgia & Axa.. 4th w kM ch
76,833
91,071
Ga. Car’la & N o. F e b r u a r y .
80,465
G eo. So. & F la .. M arch.......
63,947
lstw
k
Apr.
3 9 ,li'5
36,6b7
G r.R a p . & In d ..
7,710
C in.R .& F t.W . ls tw k Apr,
7,932
647
680
T raverse City. ls tw k Apr,
2,749
l,84 d
Mus. G. R. & 1. lstw k Apr.
50,211
47,122
Tol. all lines. lstw k A pr.
G r.T r’nk Syst’m lstw k A pr. 470,995 428,875
58,706
Chic. & Gr. Tr. 3(lw kM ch. ' 72,298
19,165
Det.Gr.H.&M . 3d wkMoh.
19,408
G reat N orth’n—
998,544
1,382,765
M
arch.......
St. P . M. & M.
88,905
106,148
E ast o f M inn. M arch.......
159,165 165,858
M ontana Cent M arch.......
T ot. system . M arch....... 1,648,078 1,253,307
10,897
13,323
G ’l f B’mnt&K. C. M arch.......
3,660
4,369
G u lf & Chicago. M arch.......
3,760
4,282
H oos.Tun.& W il. M arch.......
H ous.& T ex.C en J a n u a ry... 318,105 281,427
Illinois Central t M arch....... 12232665 11799818
48,928
45,350
Ind. Deo. & West. D ecem ber.
56,985
84,681
Ind. 111. & Io w a . February.,
58,6 0
65,012
In.& G t.N orth’n. lstw k A pr.
55,600
68,300
{In teroc.(M ex.) W kM ar.26
38,062
43,076
4thwk
Mch
Iow a C e n tr a l...
3,146
5,387
Iron R a ilw a y ... M arch.......
27,989
31,489
Jack. T. & K. W F e b ru a ry .
Jan. 1 to Latest D ale.
1898.
1897.
45,106!
472,531
136,341
$
35,538
411,993
134,085
338,343
367,765
157,364
194.122
148,290
187,783
346,719
398,259
331,094
422,036
15,291
23,923
5,916,838 4,911,672
144,639
134.406
59,923
77,991
101,687
105,763
136,242
151,755
17,254
12,079
3,921,876 3,728,212
1,765,272 1,558,074
3,493
3,453
6,722
5,347
88,720
97,702
799,461
897,735
71,944
76,801
993,513
1,037,636
5,664,969 4,492,963
12,038
10,010
1,536,037 1.471,283
1,940,990 1,704,155
858,913
1,051,818
134,899
149,726
2,996,484
6,184,173
1,110,658
1,362,398
762,585
8,279,766
5,148,429
227,938
4,057,807
1,158,751
295,495
443,370
*357,600
12,265
992,543
61,408
154,459
3,600,018
449,4'¿8
379,400
400.599
607,132
196,672
4,650
2,308
122,249
1,968,942
4*.212
120,497
346,567
120.357
74,101
358,648
394,774
4,610,893
7.269
72.201
295,036
1,074,228
722,838
233,466
125,971
1,843
469,388
320,522
153,957
238,157
519,166
106,177
9,961
34,296
669.600
6,110,750
824,471
192,245
2,939,133
5,442,090
1,072,984
1,237,491
678,339
6,961,254
4,302,967
206,543
3,329,138
1,061,559
287,735
380,555
*243,233
12,231
815,500
52,283
142,809
3,120,486
402,902
279,028
387,579
524.761
192,311
3,800
979
105,859
1,556,758
37,248
96,923
303.762
74,100
315,173
272,422
4,398,162
7,700
64,702
256,210
1,001,302
722,524
158,419
78,104
2,068
450,791
265,666
173,079
210,828
476 402
101,947
10,393
26,729
615.471
5,394,014
642,401
201,944
3,494,426 2,583,426
301,313
260,955
462,069
493,058
4,2 88,797 3,306.450
26,951
34,518
14,243
11,312
10,593
10,562
318,105
281,427
16,692,783 t 5,462,320
468,024
477,308
161,056
127,517
903,386
96 ,107
625,950
78 5300
426,959
376,031
10,1" 3
13,035
54,974
61,751
W eekorM o
1898.
1897.
l x v i.
Jan. 1 to Latest Date.
1898.
1897.
$
129,262
117,132
8,282|
8,437
K anaw ’ a<fe Mich lstw k Apr.
K.C.F Scott&M. 4thw k M ch 104,609 106,588 1,220,838 1,119.007
414,762
27,0' 0
311.714
35,475
K.O.Mem.<fc Bir. 4thw k M ch
30,222
91,723
103,098
34,118
Kan. C. N. W .... M arch.......
5,952
68,070
71,385
4,767
Kan. C ity & Om. 4th wk M ch
854,032
38,265
395,580
68,002
K. C. Pitts. & G. lstw k A pr.
120,391
90,772
7,186
9,006
Kan.C.Sub.Belt. ls tw k A pr.
11,634
99,238
92.046
10,155
Keokuk & W est. thwk Mch
888,784
61,503
853,617
59,541
L. E rie & W est. lstw k A pr.
25,060
87,959
80,109
26,500
Lehigh & H u d .. M arch.......
Lehigh Val. R R . F e b ru a ry . 1,421,806 1,301,671 2,765,544 2,605,992
Leh. V. Coal Co. February . 1,192,572 1,214,255 2,614,107 2,487,242
13,322
26,860
30,718
15,113
L ex ’gton&East. F e b ru a ry .
707,889
626,407
271,664 251,696
Long IslandR R . M arch.......
731,735
648.356
279,996 259,620
L ong Is. System. M arch .. . . .
7,374
20,334
17,741
5,8*7
L os Ang. Term .. M arch.......
348,091
24,826
389,986
25,198
Louis.Ev.&St.L lstw k Apr.
113,350
7,266
9,459
129,571
Lou. H. & St. L .. lstw k Apr.
Louisv. &N ashv. lstw k Apr. 382,540 372.610 5 ,7 75,6“ 8 5.237.905
16,866
4,922
16,187
4,392
Macoo & Birin.. M arch.......
24,601
5,576
29,095
6,296
M anistiqu e. . . . . M arch.......
416,62*
341,189
18,705
17.488
Memphis&Chas lstw k A pr.
240,172
3,454,510
3,570,958
tM exican C ent.. lstw k A pr. 278,789
270,801
266,315
M exican In ttr’l January... 270,801 266,315
{M ex. N ational lstw k Apr. 113,027 105,376 1,608,651 1,560,820
109,414
44,794
82,023
56,006
Mex. N orthern . F ebruary .
866,500
73.000
968,900
77.000
{M exican R’ wav W kMar.26
153,161
152,993
12.990
13,660
M exican So....... 3d wkMch.
31,079
460,364
492,807
31,935
M ioneap.& St.L, lstw k Apr.
901,078
68,880
746,325
73,056
M.
St.P.&S.St.M,
lstw k Apr.
Mo. Kan. & T ex ls tw k Apr. 200,602 227,638 2,892,083 2,851,548
M o.Pac.&IronM lstw k Apr. 407.000 345.001 6,617,114 5,731,795
340,354
13.001
269,646
22.000
Central Br’ch lstw k A pr.
358.001 6.957.468 6,001,441
T ota l............ lstw k Apr. 429.00
86,927
113,859
5,620
5,964
M obile & Birin.. lstw k A pr.
977,449
363,890 323,123 1.088.150
M obile & O hio.. M arch.......
103,338
127,839
127,839 103,338
Mont. & Mex. G’f. January...
460,314 415,204 1,358,530 1,249,237
N ash. <Jh.&St.L. M arch. ...
5,486
7.401
2,811
3.029
N evadaCentral. F e b r u a r y .
N . Y .C .& H .R .. M arch....... 3,860,683 3,692,022 10,795,422 10,133,425
885.357
908,3H9
66.528
58.510
N. Y . O nt.& W .. lstw k Apr.
324,276
354,469
N. Y. Susq. & W. F e b r u a r y . 157,918 143,801
N orfolk & W est. lstw k Apr. 224,715 208,892 2,953,519 2.724.261
5,430
6,556
5,430
Northes’ n (G a.). J a n u a ry...
6.556
North’n Central, F eb ru a ry . 509,779 548,631 1,016,414 1,074,517
North’n Pacific. ls tw k Apr. 441,583 243,044 5,233,130 3,571,416
197,971
184,298
73,410
Ohio R iver......... M arch.......
52,0 0
00,640
60,361
18,328
OhioRiv.&Chas, M arch.......
24,991
6,893
6,800
Ohio R iv .& L .E . M arch.......
2,448
2,500
185,374
156,099
55,044
Ohio Southern.. M arch.......
61.562
114,754
158,55
11,533
Om.Kan. C &E. 2d wkMch.
14,246
946,048
Oreg.RR.&Nav. lstw k Apr. 150,504
82,471 1.691.469
752,776
Oreg. 8h. Line.. F e b ru a ry . 429,477 354,867
876,847
373,67
242,687
Pao. Coast R y.. Ja n u a ry... 373,078 242.687
719,888
688.975
P acific M a il..... F eb ru a ry . 365.924 £ 63.181
Pennsylvania^. February . 4,829,534 4.486,234 9,918,705 9.241.905
228.059
230,318
12,90
PeoriaDeo.<feEv lstw k Apr.
15,914
84,395
86,287
i P etersbu rg....... F eb ru a ry .
44,617
43,479
535,429
506,646
Phila. <& E r ie ... F eb ru a ry . 253,518 260,572
Phila. (feRead... F e b ru a ry . 1,490,115 1.494,133 3,214.587 3,004,004
Coal & Ir. Co. F e b r u a r y . 1,444,423 1,510,. 95 3,388,824 3.204.261
Tot. both Co’ s. F e b r u a r y . 2,934,538 3,004,328 6,6 03.4 11 6,208,265
84,827
90,380
Phil. R. & N. E . February •
42,398
43.091
Phil. W ilm. & B, F e b r u a r y . 681,211 622.611 1,422,828 1,301,428
Pitts. C.C.&St.L F e b r u a r y . 1,221,556 1,069,272 2.536.151 2,108,423
11,814
11,911
Pitts.Lisb.& Wn M arch.......
4,209
3.U78
Pitts. Bes.& L.E M arch.......
111,138
191,388
42,193
83.878
350,456
380,085
Pitts. <te Wes’ n .. ls tw k Apr.
30,525
29,934
232.060
175,427
Pitts. Cl. & Tol, lstw k Apr.
15,181
17,995
51,399
57,852
5,686
Pitts. Pa. <fc F . lstw k Apr.
5,739
590,134
685,990
T otal system . lstw k Apr.
51 ,89"
53,668
170.206
115,187
P ittsb .Y o .& A .. F e b ru a ry .
59.228
85.763
98,549
114.289
Rieh.Fr’ksu& P, F eb ru a ry .
49,9b 5
57,067
53,562
48,539
25,067
Rich.<fe Petersb, February .
26,885
34,659
46,391
16.974
R io Grande Jot. February.,
21,366
83,530
111,579
R io Grande So’n lstw k A pr.
5,829
7,245
739,806
552,473
37,800
Rio Gr’de West. lstw k A pr.
44,100
299,543
319.888
St. J o s .& G r.I... ls tw k A pr.
13,339
19,853
72,976
St. L.Ohi.&St.P M aroh.......
83,925
25,064
28,675
14,511
St.L.Ken’ et& So M arch.......
17,557
3,785
4,667
St.L.&SanFran. lstw k Apr. 112,814
98,047 1,762,762 1,488,300
St. L. Southwest, lstw k Apr.
76,000 1,440,400 1.171,179
84,600
283,624
St.Paul<feDul.. M a r o h ___
317,523
118.193 105,609
283,343
295,278
San. Ant. & A . P F e b ru a ry . 134,619 131,420
137,392
165,052
49 494
San Frau. & N .P . M arch
54,582
151,369
177.888
18.975
S. FePres.<fePh. 4th wk Mch
19.878
575,341
604,654
294,748 267.670
Sav.Fla.& W est. February
77,850
72.468
8,942
Sher.Shrev.&so. 4thwk M ch
9,005
22,680
27,179
10.529
13,947
Sil. Sprs. O. & G. February..
3,844
5,564
S ilv e rto n ........... D ecem ber.
28,612
36,268
16,327
17,614
S ioux C. & N or. F e b r u a r y .
4,905"
5,515
1,930
So.HavemfeEast M arch.......
2,376
So. Pacific C o .377,531
377,531
426,678
Gal.H ar.A S.A Ja n u a ry ... 426,678
83,274
109.099
83,274
109,099
Louis’ a. W est. Ja n u a ry...
436,563
564,569
M organ’sL&T. Ja n u a ry... 564,569 436,563
23,797
27,919
23,797
27,919
N .Y .T . &M ex. Ja n u a ry...
126,095
130,685
T ex. &N. Orl.. J a n u a ry ... 130,685 126,095
A tl. P rop ’tea. 6 J a n u a ry... 1,287,943 1,069,759 1.287,943 1.069,759
P acific system J a n u a ry ...;2,761,659 2,314,423 2,761,659 2,314,425
Total o f a ll./ February . 4,336.419 3,417.763 8,704,125 7,083,373
729.586
836,741
So. Pac. o f Cal. J a n u a ry... 836,741 729.536
212,073
272.615
So.Pao.ofA riz. Ja n u a ry... 272,615 212,073
103,298
121,270
121,270 103.298
8o.Pao.ofN.M . Ja n u a ry...
157,314
174.988
174,988 157,314
N orthern R y .. Ja n u a ry...
Southern R y ___ lstw k Apr. 380,875 341.321 5,565,012 5,184,969
439,759
596,910
Spok.F’ls & Nor. D ecem ber.
1,475
1,472
699
747
Stony Cl. &C.Mt. F e b r u a r y .
72,641
52,693
4,544
3.623
T exas C entral.. 4thwk Mch
Texas & P a cific. lstw k A pr. 120,022 111,278 2,088 408 1,776.510
3,041
8,897
11,497
3,948
T ex. S.V.& N.W. M arch.......
30,367
28,785
424,465
417,221
Tol.& O hioC ent. ls tw k Apr.
17,720
216,972
22,527
229.476
T ol. P. & W est.. 4th w kM ch
549,962
42,152
533,144
42,670
Tol. St. L . & K.C. lstw k Apr.
Union P a c if ic Union P. R R .. F e b r u a r y . 1,178,280 986,097 2,370,988 1,987,840
A eh .C ol.& P .) J a n u a ry...
33,051
33,051
45,173
45,173
A oh.J.C .& W >
266,415
22,000
13,000
340.354
Cent. Branch > ls tw k Apr.
78,555
106,691
78,555
106,691
Cen.Br.&L’d L January...
G Pd t o ta l... January... ¡1,454.242 1,194,371 1,454,242 •1,194,371
67,843
679,604
83,318
871,628
U n.P .D en.& G .. 3d wkMch.
Wabash.............. lstw k Apr.] 236,009 192,394 3,288,114 2,826,749
16,865
15,148
16,865
15,148
W aoo&Northw. Jauuary ..
252,102
277.354
W.Jersey&Sea’e F e b r u a r y . 136,144 128,147
104,459
97,548
W.V.Oen.&Pitts M arch.
THE
A pril 16, 1898.}
L atest Gross E arnings.
R oads.
Week of'Mo
W e s tV a .* Pitts.
’W estern o f A la.
W e st.N .Y .& P a .
W heel. & L. Erie
"W ilkesb.&East.
W isconsin Cent.
W rightsv.& Ten.
Y ork Southern.
Ja n u a ry ...
F e b ru a ry .
lstw k A pr.
Lstwk Apr.
F ebruary.
lstw k Apr.
F e b ru a ry .
F ebru ary.
1898.
$
26,497
55.926
58,600
25,781
36,637
78,871
7,443
4,269
1897.
$
27,144
56,221
49,900
23,276
28.406
76,886
7,729
4,207
CH R O N ICLE
Jan. 1 to Latest Date.
1898.
$
26,497
114,752
724,344
354,656
»7,144
113,436
664,097
246,619
1,166,506
15,515
9,295
999,498
15,928
8,231
a These figures include results on leased lines. t> in clu d e s earning
¡from ferries, etc., n ot given separately. | M exican currency, d In
«oludes operations o f the Ohio. Burlington & N orthern in both years
§ C overs results o f lines d irectly operated east o f Pittsburg.
t Includes Chesapeake & Ohio So’ western, Ohio V alley and C hicago
-and T exas fo r 1898 but n ot fo r 1897.
e Includes results on A . T. & S. Pe, G u lf Col. & 8. Pe, S. P e P acific
><old A tlantic & P acific! and So. Cal. Ry.
* Figures from 1st week o f M arch include earnings on railroad only;
p re v io u s to that they include results on r ailroad and m ines.
Latest Gro*3 E ir a ia g s by Weeks — The latest weekly earn lngs in the foregoing are separately summed up as follow s:
P F o r the first week of April our preliminary statement
•covers 68 roads, and shows 13*45 per cent increase in the
aggregate over the same week last year.
1st week o f A pril.
1898.
1897
$
27,800
26,041
13,462
131,743
68,396
68,744
448,000
77.768
178,564
63,918
8 ’ ,792
60,304
607,437
22,043
33,793
255,434
28,5tt>
13,124
142.80Ü
28,01*7
5,2,09
19,80
54.392
12,964
21,940
39,105
7,710
647
2,749
$
27.864
25,717
12.499
113,611
60,402
58,273
379,000
72,361
208.623
84,677
98,385
53,789
494,740
19,737
29,496
246,687
20,009
1 S4I0
121,700
24,492
5,641
16,827
57,485
13,16a
24,56
36,667
7,932
680
1,843
6,515
112,697
2,306
4,297
8,747
8,559
470,995
428,875
42,120
58,650
8,282
38,265
7,186
61,503
24,826
7,26 K
372,610
18,705
240,172
105,376
31,079
66,880
227,638
345,000
13,000
5,620
66,528
208,892
243,044
82,471
12,909
51,392
5,829
37,800
13,339
98,047
76,000
341,321
111,278
28,785
42,152
192,394
49,900
23,276
76,886
6,362
155
29,737
1,820
W est. N. Y . & P enn sylv
W heeling * Lake E r ie ...
W iscon sin C en tra l.........
65,012
8,437
68,004
9,0 6
59,541
25,198
9,459
382,540
17,488
278.789
113,047
31,935
73,056
200,602
407,000
22.000
5,964
58,510
221,715
441,583
150,504
15,914
53,668
7,245
44,100
19,853
112,814
84,600
380.875
120,022
30,367
42,670
236.009
58,600
25,781
78,871
T ota l <68 ro a d s )------. . .
Net increase (13*45 p.o.).
6,983,083
.........
6,155,446
Alabam a Gt. S outhern...
•Ann A rbor.........................
A tlantic & D a n v ille ......
Balt,. & Ohio S ou th w est..
’B uff. Roch. & Pitts..........
B u rl. Ced. Ran. & North,
Canadian P a c ific .... . . . .
•Chesapeake & O h io. . . . .
Chicago * East. Illinois.
C hic. Great W e ste rn .....
C hic. IndiaDap.& Louisv.
C hicago Milw. & St. Paul
C hic. Term. T ransfer—
Chicago & W. M ichigan..
Olev. Gin. Chic. * St. L..
Clev. Lorain & W heel’g ..
Col. Sandusky & H ock’g.
D e n v e r * Rio G ran de...
JEDet. Gd. Rapids & West.
E vansv. & Indianapolis.
Evansv. * Terre Haute.
P lin t & Pere Marquette .
Ft. Worth & R io Grande.
•Grand R a p id s * Indiana
Cincinnati R. & F t. W ..
T ra v erse C i t y ..............
Musk. Gr. R ap. & Ind .
G rand T ru n k ................ )
Chicago * G r ’d Trunn >
Det. G r.H av. & M ilw .)
International & Gt. N o..
Kanawha & M ich ig a n ....
Kan. City Pittsb. * G ulf
Kan. C ity S u b .B e l t ......
L ak e E rie * W estern.......
L ouisv. E vansv. & St. L
(Louisville H e n d .* St. L ..
LouisvUle & N ash v ille...
M em phis & Charleston .
M exican Central..............
M ex ica n N ational............
M inneapolis & St. Louis.
(Minn. St. P. & S. Ste. M..
Mo. Kansas * T e x a s.......
M o . P acific * Iro n M t__
Central B r a n c h ..........
M obile * B irm in g h a m ...
N. Y . Ontario & Western
N orfolk & W estern....... .
N orthern P aciflo___ . . . . .
Oregon RR. & N av___. . .
P eoria Deo. & E v a n s v ...
P ittsbu rg * W e ste rn .....
R io Grande Southern___
Rio G rande W estern.......
St. Joseph & Gd. Island.
St. Louis & San F r a n ....
St. Louis Southw estern..
Southern R a i l w a y .......
Texas & P a c iflo .. . . . . . . . .
T oledo * Ohio C en tral...
T oledo St. L. & Kan. City.
Increase.
$
Decrease.
$
304
968
18,132
7,994
10,471
69.000
5,407
21,100
3,605
61
30,059
20,759
10,593
2,286
432
2,980
2,438
3,083
199
2,620
222
33
906
372
2,193
9,930
38,617
7,651
856
6,176
62,000
9,000
344
1,962
1,217
27.036
8,018
15,823
198,589
68,033
3,005
2,276
1,416
6,300
6,514
14,767
8,600
39,554
8,744
1,582
518
43,615
8,700
2,505
1,985
936,230
827,637
108,593
For the fourth week o f March our final statement covers
88 roads, and shows 10*22 per oent increase in the aggregate
over the same week last year.
Ath week o f March.
1898.
$
P reviously rep’d (70 r’ d s1 10,459,393
A la. No. & Tex. P ac.—
45.000
New Ore. & No. E ast...
22.000
Ala. & V ick sb u rg .........
26,000
14,575
Cleve. Canton & South’n .
19,916
Col. Sandusky & H ook’g.
Des Moines & Kan. City.
4,433
43,648
D uluth So. Shore & A t ...
68.300
Interoceanio (M ex.)........
Kansas City & O m ah a...
4.767
Keokuk & W estern..........
10,155
77,000
9,654
M obile & B irm ingh am ...
103.000
R io Grande W estern.......
1897.
$
9,497,012
47.000
21.000
23,000
18,224
19,477
4,536
49,427
55,600
5,952
11,634
73,000
9,193
73.800
Increase.
$
1,050,488
D ecrease.
$
88,107
2,000
*T ,000
3,000
439
12,700
4,000
461
29,800
4th week o f March.
1897.
3,649
103
5,779
Ì.185
1,479
Santa F e Pr. & Phoenix..
8herman Shreve. & S o ...
Texas C entral............... .
Toledo Peoria & W est’ n .
Western N. Y. * P en n ...
755
1898.
$
19,878
9,005
4,544
22,527
76,400
1897.
Increase.
Decrease.
$
$
18.975
8,942
3,623
17,720
58,800
903
63
921
4,807
17,600
Total (88 r o a d s ).......... 11,040,795 10,016,915
Net increase (10 22 p. c.i
1,126,182
1,023,880
102,302
Net Earnings Monthly to Latest D ates.—The table follow
ing shows the gross and net earnings o f S team railroads
reported this week. A full detailed statement, including all
roads from which m onthly returns can be obtained, is given
once a month in these columns, and the latest statement o f
this kind will be found in the Chronicle o f March 19, 1898.
The next will appear in the issue of April 23, 1898.
----- Bros» E arning».----- --------g e t E a rn in g »____.
1(JOfl
lOflrr
,o n n
J
Roads.
$
!»
S
#
B a lt.* Ohio South.b.F eb.
527,729
454,005
150,036
120,988
Jan. 1 to P fb 28. . . . 1,033,377
926,497
262,531
234,048
Ju lv 1 to Feb. 28....... 4,522.376 4,098,522 1,400,555 1.259.450
Chattan’ga 8uuth’ n..M ar.
6,137
387
Chicago Gt. W est’ n ..F e b .
415,585
392,406
117,264
1 2 4,62 0
Jan. 1 to Feb. 28.......
784,821
710,567
198.332
186,918
Chlo. Ind. & L ou is.a .F e b .
215,465
202,723
39,045
47,074
Jan. 1 to Feb. 28___
440,823
398,328
79,481
80,491
Ju ly 1 to Feb. 28....... 2,224,185 1,883,794
636,274
541,746
O h io.* West M ich ....F eb.
128,430
118,005
16,662
21,731
245,910
Jan. 1 to Feb. 28.......
221,792
26,420
28 ,151
Colorado M idland. .F eb.
127,994
122,932
26,071
6,633
Jan. 1 to Feb. 28___
263,440
250,481
45,128
29,696
Ju ly 1 to Feb. 28....... 1,225,669 1,126,884
277,570
185,703
Columbus Gas C o. . . . Mar.
........
10,730
12,729
Jan. 1 to Mar. 3 1 ........................
40,997
44,911
A pr. 1 to Mar. 3 1 ....
128,429
134,735
Consol. Gas Co.,N.J.M ar.
842
976
......... ..
iJdlUt
LU Mar.
ITA(X
L. 31
OL . . .
Jan. A
1 to
3.030
1,390
Det. G d.R ap.& W .a..F eb.
101,731
90,823
14.243
14,308
Jan. 1 to Feb. 2 3 ..... 203,633
179,997
20,503
21 .25Ì
Detroit & Maok’ o .a .Feb.
35,766
46,636
12,663
18,851
Jan. 1 to Feb. 28.......
74,101
74,100
29,158
26,504
July 1 to Feb. 2 3 .....
274,044
216,510
75,564
52,000
Flint & Pere M arq.a.Feb.
214,104
214,700
*30,768
*52,400
Jan. 1 to Feb 2 8 .....
418,549
417,163
83,780
10 0,74 4
Georgia & A la b 'a .a .F e b .
107,520
89,436
30,583
21 ,363
216,948
Jan. 1 to Feb. 28.......
185.931
59,388
481940
Ju ly 1 to Feb. 28.......
849,931
711,127
272,511
2 2 8,74 7
Grand Rap.Gas-L.Co Mar.....................
10,803
10 9 1 7
Jan. 1 to Mar. 3 1 ........................
...*«•..
35,445
3 6 ,8 3 6
Gr. Trunk o f Canada.Feb. 1,327,638 1,229,138
274,734
207,785
Jan. 1 to Feb. 28....... 2,878,623 2,521,298
700,074
46 6,27 9
Ju ly 1 to F eb. 28.......13,814,360 12,642,585 4,653,213 3,464,650
Ohio. & Gr. T runk.. Feb.
234,453
221,664
39,955
14,663
Jan. 1 to Feb. 28.......
579,374
468,186
103,707
34 ,942
D et. Gr. H. & Mil ...F eb.
62,331
72,420
2,569
9,2 32
Jan. 1 to Feb. 28.......
132,410
147,619
11,329
14,624
Jackson Gas-L. C o...M ar.
........
2,086
1,680
Jan. I t o Mar. 3 1 . . . .
........
6.714
5,825
Kan. O. Pitts. & G. F eb....
264,088
98,789
75,029
25,753
554,123
Jan. 1 to Feb. 28.......
196,772
172,547
51,250
Lake E rie & W e st.b .F eb . 272,042
263,617
114,459
120,187
Jan. 1 to Feb. 28.......
547,769
521,278
229,333
224,631
M exican T elephone..F eb.
11,034
10,225
4,530
3,098
Jan. 1 to Feb. 28.......
22,026
20,872
7,932
6,215
128,365
Mar. 1 to Feb. 28.......
122,597
47,571
37,036
Nash.Ch. A St. L .b .Mar.
460,314
415,203
132,947
132,077
Jan. 1 to Mar. 3 1 . . . . 1,358,530 1,249,236
420,596
424,655
Ju ly 1 to Mar. 31 . . . 4,269,359 3,815,255 1,480,001 1,435,053
280,572
Fhila. & E r i e . b ....... Feb.
253,518
45,581
72,840
Jan. 1 to Feb. 28.......
506,646
530,429
53,986
108,054
16,974
R io Grande J u n o t.,..F e b .
21,366
t6,410
t5,09 2
Jan. 1 to Feb. 28.......
46,391
34,659
tl3 ,9 1 7
ilO ,397
Deo. 1 to Feb. 28____
80,098
57,661
t24,029
t l7 ,2 9 8
70,729
T ol.P eoria & West, b Mar.
76,671
23,112
21,980
Jan. 1 to Mar. 3 1 . . . .
229,476
216,972
68,102
59 ,6 8 2
Ju ly 1 to Mar. 3 1 . . . .
749,961
685,166
214,691
176,537
U nion Pao. R .v.b...... Feb. 1,178,280
986,097
533,321
336,497
Jan. 1 to Feb. 28....... 2,370,988 1,987,840
980,647
65 3,62 7
W estern Gas Co.—
Milwaukee Gas-L.Co.Mar.
38,520
40,166
Jan. 1 to Mar. 3 1 ....
131,842
132,419
27,144
W .V irginia* P ittsbbJan .
26,497
11,907
13,180
226,280
235,355
J u ly 1 to Jan. 31.......
116,856
121,777
a Net earnings here given are after deducting taxes,
b Net earnings here g iven are before deducting taxes.
* D ecrease in net earnings the result entirely o f increased expen
caused b y continuous snow-storms.
t Thirty per oent o f gross earnings.
gg
In terest Charges and Surplus.— The follow ing roads, in
addition to their gross and net earnings given in the fore
going, also report charges for interest, <5So., with the surplus
or deficit above or below those charges.
-----Inl.. Rentals, <£c.— .
1898.
1897.
Boad».
S
*
34,427
Chic. & W. M ich ........Feb.
34,895
68,696
Jan. 1 to Feb. 2 8 .....
69,766
15,855
Det. G d .R ap .& W est.F eb.
16,889
31,716
Jan. 1 to Feb. 28.......
33,547
51,867
Flint & P ere M a rq .. . Feb.
53,223
103,394
Jan. 1 to Feb. 28.......
105.570
60,046
L. E riq & W est’ n ___ Feb.
60,556
120,091
Jan. 1 to Feb. 2 8 .....
120,111
126,660
Nashv.Chat. & St. L..Mar.
126,569
,129,157
Ju ly 1 to Mar. 3 1 .... 1,150,379
7,708
R io Grande Junot ...F eb.
7,708
23,125
Deo. 1 to Feb. 28. . . .
23,125
T ol. P eoria & W est..M ar.
22,073
22,673
Ju ly 1 to Mar. 3 1 . . . .
201,055
207,029
B al. o f Ret E a rn ’ a s »
1898.
1897.
$
S
d e f.18,233 d ef.12,696
def.43,346 d ef.40,5 45
def.2,643 def.1,547
def.13,044 def.10,465
d ef.22,455
533
d ef.21,790 d ef.2 ,6 5 0
53,903
60,141
109,222
104,540
6,378
5,417
329,622
305,896
d e f.l,2 9 s def.2,616
904 d ef.5,827
1,039
def. 693
13,636 d ef.30,492
THE
<QÖ
CHRONICLE.
S T R E E T R A IL W A Y S AND TRACTION C O ttP A N IE S
The following table shows thre gross earnings for the latest
period of all s t r e e t railways from which we are able to ob
tain weekly or monthly returns. The arrangement o f the
table is the same as that for the steam roads—that is, the
first tw o oolumns 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.
STRE E T R A IL W A Y S A N D T 8 ACTION COM PANIES.
Latest Gross Earnings.
Gross
E arnings.
Week o r Jfo
1898.
1897,
Jan. 1 to Latest Bate.
1898.
1897.
17.046
17,064
6,335
6,555
A kron B e d fd & Clev. M arch___
6,846
7,924
3.149
Am sterdam St. R y ... February
3,645
10,469
11.909
5.314
5,688
A tlanta R ailw ay — February
307.867
Baltim ore C on.R y.*... February 152.424 148.575 319,95
3,782
3,970
1,338
Bath St. Ry. (Maine). M arch
1,560
11,812
12,113
5,476
Bay Cities C onsol___ February.
5.860
2.444
2,410
1,133
Binghamton St. R y ... February.. 10,046
67,133
74.412
B ridgeport T raction. M arch___
25,843 23,043
22,918
25,111
B rockton Con. St. Ry. Ja n u a ry... 25,111 22.918
89,000
98,000
B rooklyn E le v a te d .. J a n u a ry... 98,000 89,000
B r’klyn Rap. Tr. Co.—
Brooklyn Heights )
1,267,165 1,160,175
B ’klyn Q’ns A Sub. > M arch....... 466,388 407,761
37,037
Charleston C ity R y .. M arch....... 14,050
Citizens’ 8t.R y.Jn dp. F e b r u a r y . 73,024 67,913 153,745 141,369
4,390
5,418
4.390
Citiz’ns’ (Muncle Ind. ) Ja n u a ry ...
5,418
2 ,«69
3,111
1,431
1,53 -t
City E lec. (Rome.Ga.) February..
Cleveland E le c tr ic... February.. 127,244 115,513 265,327 2 3 9 ,6 0 1
14,386
16,796
5,92=1
5,859
Cleve. Painsv. A E . M arch.......
Columbus 8t. R y. (O.) M arch....... 51,729 47,668 153,118 137,831
Consoll’d Trac. (N. J.) F ebiuary.. 221,646 201,953 464,236 419,269
Danv. Gas El. Light &
17,088
19,200
8.391
9,261
Street R y ................. F e b ru a ry .
D enver Con. Tram w.. February . 51,129 49,405 107,602 103,4<i3
D etroit Citi’ns’ St.Ry. M arch....... 91,254 83,953 266.951 242.364
99,139
98.373
D etroit E lec. R y ......... M arch....... 33.441 34,363
24,993
27,997
Duluth St. R y .. . . . . . . F e b r u a r y . 13,638 11,969
19,374
21,089
9,116
E rie E lec M otor C o .. February.. 10,103
Ft. W ayne A B elle
39,036
42,466
Island (Detroit ) — M arch....... 14,858 13,755
Galveston City R y ... February.. 15,13V 14,907
3i*,042
35,816
H arrisburg Traction. February.. 17,319 14,666
H erkim er Mohawk II42,604
39,571
3,492
3,765
ion « F’k fort El. Ry. Decem ber.
14,072
16,623
H ou ston E lec. St. Ry. Ja n u a ry... 16,623 14,072
Interstate Consol, oi
17,320
7,579
17,504
8,377
North A ttle b o r o .... February..
11,195
3,914
ll,4 i9
3.777
M arch.......
Kingston City R y—
24,510
23,502
7,855
7,205
Lehigh T r a c t io n ....... M arch.......
12,760
14,364
6,159
6,658
L ondon 8t. Ry. (Can.). F e b r u a r y .
27,541
L ow ell Law. A H a v .. J a n u a ry... 30,705 27,541
30,705
M etrop.(Kansas City) lstw k A p r . 31.673 32,728 474.964 414,899
305,642
M etro. W .Side (Chic.) M arch . . . . 109,668
7,569
3,634
3.919
7,895
M ontgom ery St. R y.. February..
M ontreal Street R y ... M arch....... 114.677 99,442 327,459 289,030
Nassau Eleo. (B’klyn) M a r c h ..... 156,420 122,277 418,940 334.336
5,469
14,710
13,430
4.919
Newburgh E le ctric... M arch____
2,318
5,492
5,019
2,504
New London St. R y .. F e b ru a ry .
New Orleans Traction F e b r u a r y . 112,345 98,090 219,567 199,349
10,713
30,026
32,828
N orfolk St. R y ............ March....... 11.673
N orth Chic. St. R y ... 4th wk Moll 77.043 72,479 670,91 - 623,443
North Shore Traction M arch....... 103,992 97,270 286,713 277,720
1,909
878
1,819
775
Ogdensburg St. R y ... February..
February..
53,602
45,095
P aterson R y .............. .................
| I 25,140 21,326
9.777
21,886
7,505
26,690
Richm ond T ra ctio n .. 'M arch.......
6.860
4,476
R o x b ’h Ch.H.& N or’n ¡M arch.......
17.373
12,148
3,326
3,824
7,890
6,835
Schuylkill Val. Trac.|February..
8,193
2,931
2,861
Scranton A Carbond’ e M arch.......
4,815
13,722
4,804
13,695
Scranton A P ittston. M arch.......
186,86 <
7 « ,913
Scranton R ailw ay.. . . M arch....... 29,523 27,351
96,156
Syracuse R ap.T r. R y. M arch....... 36,662 33,962 108,519
Qo i l 3 78,891 261,283 223.182
Toronto R y ................ ¡M arch .. . . .
Twin City Rap, Tran .'F eb ru ary . 150’756 140.214 314,479 292.182
42,433
48.673
U nion (N. B e d fo rd ).. M a r c h ..... 13,429, 16,704
D ni ted Tract. (Pitts.) February.. 105 2851 97,638 223,245 202,605
U nited Tract. (P r o v j February.. 116.678 119,034 255,256 248,217
33,752
34,272
Unit. Trac. (Reading) M arch....... 12,6201 12,016
2,754
3,224
Wakefield & S ton e....[F ebru ary..
6,512
6,368
63,043
Waterbury T ra ction .. M arch....... 20,666! 18,464
54.008
West Chicago St. Ry. W k A p r 10 74,145 69,127 989,048 940.406
12,925
Wheeling R a ilw a y ... Ja n u a ry ... 14,276 12,925
14,276
W
ilkesb.& W
y.V alley F e b ru a ry . 36.352J 34,449
76,708
___________
______________________________________________________
73,868
* Includes Baltim ore T raction and. C ity A Suburban fo r both years.
Street Railway Net Earnings.— The following table gives
the returns of S t r e e t railway gross and net ear rungs received
this week. I d reporting these net earnings for the street rail
ways, we adopt the same plan as that f tr the steam roads—
that is, we priat each week all the returns received that
week, but once a month (on the third or the fourth Saturday)
we bring together all the roads furnishing returns, aad the
latest statement o f this kind will be found in the C h r o n i c l e
o f March 19, 1898.
The next will appear in the iasue of
April 28, 1898.
,—- Gross E arn ings.-----,,-----Net E arnings.-----.
1898.
1897.
1898.
1897.
$
$
$
$
6,555
6,335
1,498
899
17,064
17,046
1,643
1,153
1,333
660
1,560
179
3,970
3,782
def. 119
412
9,950
23,044
25,843
7,246
74,412
67,133
28,313
20,811
238,167
113,786
247,917
91,241
3,315
14,050
9,651
37,097
47,279
121,441
2.486
5,859
2,720
5,925
5,626
14,886
4,950
16,796
27,231
47.638
24,973
51,729
80,031
70,746
137,331
153,118
3,0 34
2,911
7,855
7,205
7,8
26
24,510
7,549
23,512
4 1 ,3 8 3 ,
39,804
87,957
83,666
Boads.
A kron Bed. & Clev...M ar.
Jan. 1 to Mar. 3 1 ....
Bath 8t. Ry.(M tine).Mar.
Jan. 1 to Mar. 3 — .
B ridgeport Traot’n..M ar.
Jan. 1 to Mar. 3 1 ___
July 1 to Mar. 3 1 ....
Charleston City R y .M a r .
Jan. 1 to Mar. 3 1 ....
July 1 to Mar. 3 1 ....
Olev. Palnesv. & E ..M ar.
Ja n . 1 to Mar. 3 1 . . . .
Colum bus (0 .)8 t. R y.M ar.
Jan. 1 to Mar. 3 1 .,...
Lehigh T ra ctio n .....M a r .
Jan. 1 to Mar. 3 1 ....
Ju ly 1 to Mar. 3 1 ....
[V ol. L X V I
.-----Gross E a rn ings.1897.
1898.
1898.
1897.
Boads.
$
$
9
109,668
Metr.W. Side EI..Ohio. Mar.
49,325
305,642
Jan. I to Mar. 31 . . .
118,815
83.857
87,745
*8,376
North Shore Traot’ n..Feb.
*31.536
182,721
180.450
Jan. I to Feb. 2 8 .....
42,853
56,007“
519,258
498.368
173,536
Oct. 1 to Feb. 28. . . .
176,980*
6,880
4,476
def 729
R oxb’ ghChes Hiil&N.Mar.
d ef.97 7
17,378
12.143 def. 2,181 d ef.3 ,6 8 4
Jan. 1 to Mar. 31 . . .
2,931
2,361
1,278
Scranton & C arbon..M ar.
1,427
,.f_,
8,193
3.319
Jan. 1 to Mar. 3 1 ....
29,956
12,333
J u ly l to M »r. 31 . . .
4,301
4,815
1,644
Scranton & Pitrston.Mar.
1,802'
13,695
13,722
4,166
Jan. 1 to Mar. 31 . . .
4,923
59,315
Ju ly 1 to Mar. 31 . . .
18,168
29,523
12,65*8
27,351
13,279
Scranton R ailw ay...M ar.
86,861
78,913
39,652
Jan. 1 to Mar. 3 1 ....
35,551
290.343
J u ly 1 to Mar. 3 1 ....
270,538
124.785149.267
20,666
18,464
8,733
Waterbury Trac.Co..M ar.
6,926*
63.043
54,001
26,575
Jan. 1 to Mar. 3 1 . . . .
21 ,415
132,166
118,339
67,825
___ Oct. 1 to Mar. 3 1 ....
5 1 ,9 6 8
* Iuorease in expenses due to unprecedented snow -storm ov er New
E ngland.
In terest Charges a n d Surplus.— The follow ing S t r e e t
railways, in addition to their gross and net earnings given in
the foregoing, also report charges for interest, & o ., w ith th e
surplus or defioit above or below those charges.
Boads.
Waterbury T ract’u ..M a r.
Oot. 1 to Mar. 3 1 ....
-Int.. rentals, etc.—
1898
1897.
3,267
21,524
-Bat. o f Wet E a m 's.1898.
1897.
3,130
24.780
5,466
36,301
3,79©
27,188*
ANNUAL REPORTS.
A n n u a l R e p o r t s . — T h e f o l i o w in g is a n in d e x t o a ll a n n u a l
r e p o r ts o f s te a m r a ilr o a d s , s t r e e t r a ilw a y s a n d m is c e lla n e o u s
c o m p a n ie s w h ic h h a v e b e e n p u b lis h e d si n e e th e la st e d i t i o n »
o f th e I n vesto rs’ a n d St r e e t R a il w a y S u ppl e m e n ts,
T h is in d e x d o e s n o t in c lu d e r e p o r t s in t o - d a y ’ s C h r o n
ic l e .
R ailro ad and M isoel . C o ’ s
R a il r o a d s an d M is . C o . ( Oon.)—
Volume 66—
Page.
Votume 68—
Page.
Alabama N. O. & Tex. Pac. Juno... 284 Mexican Central......... ..............
424American Bell Telephone............ 002 Mexican International............. 705, 711
American Screw Company............ 382 Mexican National R R ............. 661, 66©
American District Telegraph........234
National Starch Mfg. Co............... 834
American Soda Fountain............. 333 National Lead Co........................... 881
American Straw Board ............... 333 N. V. Chicago & St. Louis............... 289*
American Sugar Refining Co......... 519 New York &New Jersey Telephone 460*
Baltimore Chesapeake & Atlantic. 234 Norfolk & Carolina...................... 239
B>ston &Mont.Cons.Cop.&S.M.Co. 707 Northeastern RR. <ot So. Car.).... 233
Brooklyn Wharf & Wareh. Co......425
Northern Central R R ...................... 3S0
Burl. Ced Rap. & Nor.....................570 Panama RR.. ...............
.... 70©
Canada Atlantic Ry........................ 706 Pennsylvania RR....................467, 473
Canadian Pacific Ry....... 879, 515, 526
062
Pennsylvania Steel..................
Central RR. of New J ersey......... 423 People's Gas Light & Coke........332, 382
Central Union Telephone............. 2S8 Peoria Decatur & Evansville R y... 460
Charleston & Savannah................ 618 Philadelphia & Erie......... ..........
468
Cheraw & Darlington................... 233 Phil. Read. & N. E ......................... 67A
Chicago & Alton............................. 423 Phil. Wilmington & Baltimore.... 233*
Chicago Junction Rys. & Union
Quincy Mining Co.............
383*
Stock Yards Co ......................... 380 St. Louis Term Cupples Station &
Chic. St. Paul Minn. & Omaha.424, 516
Prop. Co., 9J4months. ............... 619Chicago Telephone.... .................. 234 St. Louis Vandalia A Terre Haute. 831»
Chicago Great West.half-year..236 2*3 Savannah Florida & Western....... 518
Commercial Cable Co..............
615 South’n New England Telephone. 334
Consolidated K. C. 8m. & R e f...... 471 Spokane Falls & Northern ............ 614
Consolidation Coal........................... 330 Street's Western Stable Car Line.. 285
Cumberland Valley R R .................. 706 Summit Branch RR.......... .
332
Delaware & Hudson Canal......232, 516 Sunday Creek Coal C o ......... ........ 334
Delaware Lackawanna & Western. 232 Tamarack Mining Co...................... 0l4Detroit Grand Rapids & Western. 424 Tenn, Coal, I. & R R . . . ... .. 571
Diamond Match...... .................... 286 Term. R<t. Ass’n of St, Louis. ....i 572:
Edison Elect. 111. of Brooklyn.285, 833 Terre Haute & Indianapolis......... 331
Edison Electric III. of Boston....... 333 Terre Haute & Logansport........ 831
Edison Electric 111. of New York.., 3s2 Terre Haute & Peoria................
331
Electric Storage Battery Co........... 014 Texas & Pac!Be.............................. 509*
Georgia & Alabama..................... 518 Texas Central..............
518
Georgia R R .................................. 614 Trenton Potteries.................
286
Grand Rapids & Indiana................ 468 Union Pacific Denver & Gulf...... 613
Huntingdon & Broad Top Moun
United Electric Secur, half-war.. 707“
tain R R .& CoalCo...............
331 United States Leather.................. 425
Illinois Steel...................
332 West Jersey & Seashore .............. 614Indiana & Lake Mi<* ligan............... 331 Western Maryland ..................
232
Indiana 111. & Iowa ..................... 571 Western Stone Co.............
234
Lake Erie & Wester* i..................... 424 Wilmington Columbia & Augusta. 181
Lake Shore & Michigan Southern. 471
St r e e t R a il w a y s
Lehigh Coal & Navigation Co .. .. 380
Volume 66—
Page.
Lehigh Valley ...............158,181, 186
Manchester & Augusta.................. 233 Alton Railway & 'Ruminating...... 666*Maryland Coal C o.......................... 383 Cincinnati Newport & Covington.. 70©
Minnesota I r o n .................
663 Louisville Railwav ....................... 519
Missouri Pacific...........................
517 Twin Citv Rapid Transit Co...424, 469
Mobile & Birmingham..................... 424 United Traction Co. of Pittsburg.. 469
P ittsb u rg C incinnati Chicago & St. Lou is B ailw a y.
('Report fo r the year ending Dec. 31, 1897.J
The annual report o f President Frank Thomson will befound elsewhere in to-day’s C h r o n i c l e .
The operations, earnings and charges for four years and the»
general balance sheet for three years were as below :
o p e r a tio n s a n d f is c a l re su l ts .
1897.
1895.
1395.
1894.
1,151
1,151
1,151
1,151
Miles o p era ted .........
Operations—
Passengers carried . 5,371,754
5,555,450
5,881,636
5,627,934*
Pass. ear. 1 m ile .... 152,040,930 157,181,278 167,624,410 154,785,052:
R ate per pass. p. m. 2*05 ots
2 '08 ots.
2'02 ets.
2*10 cts.
Freight, tons, ear’ d. 11,729,877 10,835.829 11,648,499 10,331,338
F reight, tons, 1 i u ..1688240718 1487737617 1642366622 1490371556Rate per ton p. m ... 0 63 cts.
0 '65 cts.
0*65 cts.
0'65 ota.
E a rn in g s—
$
$
$
$
P a s s e n g e rs .............. 3,228,770
3,387,608
3,499,610
3,357,628^
F reigh t....................... 10,607.752
9,730,177 10,615,368
9,741,142
Mail, exress, &o.......
1,307,963
1,252,577
1,294,698
1,149,086 ■
T ota l..................... 15,144,485 14,370,362
Expenses—
T ransportation.......
5,716,440
5,897,911
Maint. o f equipm ’ t.
1,932,349 2,136,589
Maint, o f way, & o ..
1,636,110 1,602,140
General ex p en ses..
277,550
2»4,785
T axes...........
692,446
687,554
15,439,706 14,247,8566,267,108
2,346,375
1,703,386
273,161
653,015
6,471,9452,052,0 24
1,340,631
267,247
633,620*'
T o ta l.........10,281,895 10,588,979 11,248,545 1 0 ,7 6 5 ,5 2 0
3,781,333
4,191,131
3,432r336i
Net e a rn in g s.......... 4,859,590
P. o. op. ex, to earn.
67'91
73 '69
72*85
75’ 56 i,
THE
A pril 16. 1816. J
INCOME ACCOUNT.
1895.
1894.
3,781,383
734,483
68,667
4,191,161
783,032
43,665
3,482,336
472,200
16,023
T o ta l............. .
5,653,422
Disbursem ents—
In terest on b o n d s... 2,503,252
R entals p a id ............
1,119,115
O ar trusts (inc. in t.).
34,052
Bt. L. V. & T. H. loss.
117,271
*562,759
M iscellaneou s..........
D iv. on pref. sto ck .
.............
R ate o f dividend.....
.............
K . & H. B ridge suit..
.............
4,584,533
5,017,853
3,970,559
2,507,977
1,160,189
34,159
197,738
t255,320
2,522,130
1,161,913
36,460
222,085
52,375
452,716
(2 p. o.)
284,525
2,407,582
813,838
38,761
59,456
15,428
459,497
(2 p. e)
T o ta l....................
B alan ce, su rp lu s ....
4,155,383
429,150
4,732,204
285,651
3,794,562
175,997
1897.
Receipts—
N et earn, o f P. Cin.
Ohio. & St. L .........
N et rev. o f oth. r ’ds..
M iscellaneo as..........
4,859,590
768,661
25,171
4,336,449
1,316,973
1896.
* Includes $528,367 “ E xtraord in ary.”
t Includes $156,564 “ E xtraordinary.”
BALANCE SHEET DEC. 31
1896.
1895.
1897.
$
$
Assets—
$
R oad and equ ipm ent..................... 94,132,374 94,064,874 93,659,558
1,580,648
1,580,648
B ond s and stocks o w n e d ..............
1,577,648
547,880
717,564
Supplies on band
—
....
546,458
5,624
75,834
Sinking fu nd J. M. & I. b o n d s ....
............
439,436
382,426
Betterm ents to leased r o a d s.......
384,601
873,449
964,643
G a sh .....................
1,573,228
2,287,444
3,522,505
D u e b y agents, com panies, & o..
2,774,644
T o ta l......................
100,988,957
L iabilities—
S tock , co r.m on*.................
25,087,372
“
p referred *........................... 22,686,729
B onds (see S u p p l e m e n t ) ....... .
47,234,000
Cin. Street B y. Conn b o n d s.......
262,500
D ue L ittle M iam i............................
779,524
C urrent accou n ts............................ 1,144,932
441,572
D ue other com p an ies...................
Interest on b o n d s t.........................
846,299
D ividends p ay able.........................
............
M isoel. (incl.m orts.& g r’nd rents)
653,192
Profit and loss, ba lan ce.................
1,852,834
99,799,356 100,896,178
T o ta l............................................ 100,988,957
99,799,356 100,896,178
therein described. This lease demises the said railw ay appurtenanoes
to this com pany, in perpetuity, at a rental equal to 4 per centum per
annum on the am ount o f the actual cost to the lessor o f the said p rop
erties so demised, this oom pany providing in the first instanoe all
sums necessary to pay such cost, and the lessor having the right to
repav the same on g ivin g six m ouths’ notioe, and that until the lessor
so pays the said cost the rental shall be nom inal. The said lease con
tains also a covenan t that the Canadian Paottto B y. Co. m ay, at any
tim e before the lessor oom pany shall have reim bursed the oost as
aforesaid, at its option , purchase the said dem ised properties o n g iv
in g to the lessor com pan y a valid acquittance in respeot o f all olaims
to m oneys so advanced as aforesaid.
The acquisition o f the Colum bia & W estern R ailw ay from Rossland,
v ia Trail, to R obson in British Columbia, about 33 m iles in length,
either b y lease or purchase, or otherwise, as m ay be authorized by the
Parliam ent o f Canada, and the m aking o f im provem ents thereon; and
the construction and equipm ent o f a railw ay from a point at or near
R obson to the B oundary Creek District, in the said P rovin ce, a dis
tance o f about 100 miles, aud fo r the said purposes the expenditure o f
such capital, or the m aking o f such guaranties, as m ay be deem ed
necessary.
The construction o f an extension o f the Colum bia & K ootenay R ail
w ay, leased in p erpetuity b y this oom pany, from Slooan Ju nction to
Slocan Lake, a distance o f about 32 miles.
The lease, dated 21st A pril, 1897, from the St. Stephen & M illtown
R ailw ay Co. to this oom pany, o f its line o f railw ay exten din g from St.
Stephen to M illtown in the P rovince o f N ew Brunswick, a distance o f
about 4-64 miles, at a rental o f $2,050 per anniim.
The double tracking o f the line bet ween M ontreal and T oron to w hen
ever deemed advisable.
25,022,730 25,017,119
22,676,371 22,681,482
47,402,000. 47,621,000
262,500
262,500
779,525
779,524
1,036,011
1,497,878
553,007
312,766
840,101
836,947
540
452,716
479,812
618,720
848,092
714,194
* Includes am ounts fo r other com panies’ stocks n o t y e t exchanged,
t Includes accrued interest and m atured interest unpaid.
— V. 65, p. 824.
Canadian Pacific R a ilw a y Company.
('Proceedings at Annual Meeting April 6 th, 1898. J
A t the annual meeting April 6 President Van Horne
made an address, in which he stated the position of the com
pany in the contest with the American lines, and then added :
Increase in Current Earnings.—U p to this time the com
pany’s revenues have not suffered through the existing diffi
culties, and during the month of March, over the whole of
which the disturbance extended, our increase in earnings
w as $541,000.
Favorable Outlook.— But now let me turn to something
more agreeable. W e have had a fairly prosperous year, and
the financial results, after due provision for all expenses of
working and ample maintenance, have enabled the directors
to make a distribution of dividends at the rate of 4 per cent
for the past year and to carry forward $897,088 surplus to
the reserve, and so far as we can see this prosperity will con
tinue and increase. W e have never entered upon a newyear
with so cheerful an outlook as at present.
W e have at times in our history been forced to make ex
tensions which we did not, at the time, wish to make, but
the results have shown that we have nothing now to regret
in this regard. Our heavy movement o f passengers west
ward is not all towards the Klondike by any means. A great
many settlers are going to the prairies of the Northwest,
from the soil of which gold w ill the more surely come, and a
great many more are going to take farms in British Colum
bia or to work the big mines o f the Kootenay. Our reports
tell us that the area of land prepared for seeding in the
Northwest is 20 per cent greater than ever before, and development and new industries seem to be the rule everywhere
in the vicinity of your lines.
Improvements, Etc.— The directors are asking authority to
expend a considerable amount of money for improvements
o f various kinds.
These expenditures have in the past
brought a very handsome return, as is evidenced in part by
the reduction in our ratio of working expenses to gross re
ceipts to 57 per cent, and the expenditures now proposed will
be equally profitable. The directors are also asking author
ity to provide adequate rolling stock for the further increase
in traffic which they confidently expect, but the money will
not be expended unless the need becomes a certainty. The
use o f extra heavy locomotives which has been made possi
ble by the improvement in the permanent way has had a
marked effect on the cost of transportation, and within a
short tim e only the heavier type of locomotives will be used
on your principal lines.
The following contracts and extensions mentioned in thè
.annual report (see C h r o n i c l e , Y . 66, p. 526), were then unan
im ously ratified and authorized by the stockholders :
The agreem ent dated Sept. 6 ,1 8 9 7 , betw een the com p an y and the
G overn m en t o f the D om inion o f Canada, as required b y the term s of
th e A c t o f Parliam ent entitled “ A n A c t to authorize a subsidy fo r a
railw ay through the Crow’ s N est Pass,” and the con stru ction and
equ ipm ent o f the railw ay therein con tra cted for.
The lease dated Jan. 1 , 1898, m ade b y the B ritish Colum bia Southern
B y . C o., as lessor, to the Canadian P acific RB. Co., as lessee, o f the
ra ilw a y betw een the w estern boundary o f the Territory o f A lberta
And N elson in B ritish Colum bia and its lands and appurtenances as
757
CHRONICLE.
The shareholders also authorized the further expenditures
on capital account during the current year as follows :
F or perm anent bridges, ballastin g and other im provem ents
o f perm anent w ay ....................
$1,399,550
F or term inal facilities, stations, w harves, grain elevators,
additional sidings and fe n ce s.....................................................
748,104
F or rollin g stock and other equipm ent, and fo r autom atic
freight train brakes and cou p lers............................................. 1,919,875
F or steamships and lake and river steam ers............................
375,000
F or additional telegraph lines and cables..................................
252,696
T o ta l............................................................................................... $4,695,225
—V. 66, p. 573.
Grand R apids & Indiana Ry.
(Report fo r the year ending Dec. 31, 1897. J
President James McCrea says in p a r t:
General Remarks.— The depression in business so marked
in 1896 continued until July, 1897, when a revival took place,
which continued through the balance of the year.
The
financial difficulties of the old company and the depreciated
condition of the property make a comparison of the expenses
before and after the reorganization m isleading; therefore it
is proper to sta te: First— That, as a result of the careful
expenditures during the last five years, your property is in as
good physical condition in most respects as the demands upon
it justify. Second— That the expense of operation and main
tenance for the year 1897 may be fairly considered as repre
senting a proper care of your property, all extraordinary ex
penditures having been charged against income account.
From a point nine miles north o f Grand Rapids to a point
fourteen miles north a new line can be built, doing away
with six of the seven bridges and giving very m uch better
grades and alignment, for an expenditure of between $50,COO
and $60,000. Your Board has decided to build the new line,
paying for the cost of same out of the surplus earnings for
the year 1897.
W h en this is done your property will be in excellent
physical condition, except as to renewal of steel rail, for
which item the charges for the next few years will be some
what above the average, in order to make up for the de
ficiencies of the past.
Charges Against Income.— Special notice is directed to three
items in the income accounts :
(a) The oharge o f $36.562 fo r a n ew freight-house at Grand Rapids,
to replaoe a fram e building in bad condition and inadequate fo r the
(b) The paym ent o f $39,330 fo r balance due on six freigh t lo co
m otives bu ilt under an engin e trust.
(c) A charge o f $9,259, bein g one-third o f the am ount neoessary to
m ake good the guaranteed interest on the bonds o f the C incinnati
R ichm ond & F ort W ayne road, w hich is operated b y your oom pany.
While there w as n o legal obligation forcin g this paym ent, y et as y ou r
line enjoys the benefit o f a large traffic from this road, w hich it is
largely to y ou r interest to retain, it w as thought good p olicy fo r the
present to share this loss with the P ittsburg C incinnati Chicago & St.
L ouis R ailw ay and P ennsylvania Companies, the legal guarantors.
Stock and Bonds.—Daring 1897 $154,000 of the third morb*
gage 5 per cent bonds of the Grand Rapids & Indiana R R .
Co. were exchanged for stock of your company, leaving at
the end of the year your capital stock issued $5,723,700.
O f the 7 per cent first mortgage bonds $428,000 were ex
tended as 4 ^ per cents, leaving that issue Dec. 31st as follows :
7 per cent bonds due Oct. 1st, 1899, $988,000;
per cent
bonds due July 1st, 1941, $4,387,000. The interest at 2 per
cent on the second mortgage bonds was paid when due.
From October, 1897, for t wo years, these bonds bear interest
at 3 per cent and thereafter at 4 per cent. This issue of
bonds at the close of the year stands as fo llo w s: Issued,
$3,962,000; unissued, $1,038,000.
Cincinnati Richmond & Fort Wayne R R . — This company
in 1897 sh ow s; Gross earniDgs, $406,644; net income ap
plicable to payment of interest, $94,674; interest for 1897 on
7 per cent bonds, $126,000 ; deficit of income to meet interest,
$31,325. One-third of this deficit was supplied by your com
pany and the remaining two-thirds by the legal guarantors
for interest. [See ‘ ’Charges Against Income” above.— E d ]
Muskegon Grand Rapiets & Indiana RR.— The net earnings
to Sept. 30 were found to be enough to meet one installment
of past-due coupons, and were so applied on the 1st day of
October, 1897, to pay coupon No. 18, due July 1,1895, leaving
at the close of the year five series of coupons in default,
amounting in the aggregate to $93,750. For the year 1897
75b
THE
CHRONICLE.
ike'gKJSB'earnings were $117,462; net, $26,902; interest charge
for year, $37,500; balance, deficit, $10,598.
Traverse City R R .— Three series of past-due coupons of the
first mortgage bonds of this road were paid during the year
from the net earnings, leaving coupons in default, those of
July 1,1897, and January 1, 1898, amounting to $7,500. For
the year 1897 gross, $39,414; net, $9,117; interest on 1st mort
gage, $7,500; balance, surplus, $1,617.
Statistics.— The statement of earnings and the income ac
count for the full year compares w ith previous years as fol
lows :
EARNINGS AND EXPENSES (GRAND RAPIDS & INDIANA ONLY).
1894.
1896.
1895.
1897.
436.
M iles op era ted ................
430.
433.
436.
E arnings—
$
$
$
$
586,490
554,628
594,678
P assengers........................ 569,299
F reigh t......................... . 1,286,703 1,220,156 1,342,359 1,178,705
135,206
137,804
M ail, exp. and m iscel’ s* 122,565
124,660
* T ota l........................... 1,978,567
E xpenses—
T ransportation................ 780,864
M aint. o f equipm ent___ 252,558
M aintenance o f w ay, etc., 311,910
G eneral and ta x e s.......... 108,149
1,899,444
2,074,841
1,900,401
802,156
824,338
353,239
115,460
874,117
326,895
351,410
112,302
822,996
284,405
271,540
116,780
T ota l............................ 1,453,481
Net earnings.............. 525,086
P er cent op. exp. to earn.
73-46
Deduct—
In terest on b o n d s........... 357,245
Interest on floating debt.
9,710
88,054
M iscellaneous..................
1,595,194
304,250
83*98
1,664,724
410,116
80*23
1,495,721
404,680
78 71
401,635
19,720
72,126
532,460
24,196
59,487
564,948
34,386
103,260
T o ta l............................ 455,009
493,481
616,143
70 2,59 4
Balance............................sur.70,077 def.189,230 d ef.206,037 def.297,914
* Includes interest and rentals.
GENERAL ACCOUNT DECEMBER 31, 1897.
L iabilities—
Assets—
R oad equipm ent, e t c .$15,210,700 Capital sto ck ................ $5,723,700
D ue b y other co m
Fund, debt (see S u p p .) 9,337,000
panies ........................
76,810 M’tges on real estate.
150,000
D ue from agents and
C oupons.........................
133,488
111,452 A c c ’d int.on fu nd .d ebt
c o n d u cto rs................
30,502
Cash................................
426,694 A c c ’ d in t. on unfunded
96,851
Supplies on hand .......
d e b t..........................................2,550
Due other com panies.
80,323
A ccou nts p a y a b le .....
184,388
A ssess’ t o n 3d M. bd s.
117,354
M iscellaneous________
J10,114
Profit and lo ss............
"73,087
T ota l.................... ..$ 15,9 22,5 06
—V. 66, p. 468.
T ota l........................$15,922,506
F o rt W o rth & Denver City R ailw a y Company.
(Report fo r the year ending Dec. 81,1897.)
iV O L .
LXVI.
INCOME ACCOUNT IN 1897.
Net in c o m e ....................... $428,666 I R eorg’n ex p e n se s.............. $8,650
D eductions—
|T w o per c e n t on preferred
Interest on b o n d s ........... $331,790
s t o c k ................................ 51,100
R e n ta ls ..............................
10,000
—
B etterm ents......................
14,411 | Surplus fo r y ea r............. $12,715
GENERAL BALANCE SHEET DEC. 31, 1897.
A ssp.f^s
Liabilities.
Cost o f road and fixti..$17,412,318 Capital stock...................$6,820,000
R eal estate...................
21,830 Cap. stk., int. bearing.. 2,555,000
A ccou n ts colle ctib le ..
96,030 First m ort, b on d s......... 8,176,000
B ills receiv a b le ...........
174,405 Equip, trust bon ds.......
160,000
M aterial and su pplies.
56,304 Int. due and un paid....
14,560
Cash on h a n d ................
100,410 F unded interest........... 1,203,557
Investm ents*................
696,134 A coounts p ay able........
133,515
Profit and loss..............
535,118 Int. accru, n ot y et due..
29 ,920
T otal assets........... $19,092,551
Total lia b ilities....$19,092,551
* The investm ents include: 113 first m ortgage bonds, $113,000; 1 ,0 00
shares capital stock, $100,000; 200 F ort W orth & D enver Term inal
R ailw ay Co. bonds, $190,000; 2,003 shares F ort W orth & D en ver Ter
m inal Ry. Co. stock, $3,134; 2,900 shares Panhandle R ailw ay Com
pany stock, $290,000.—V . 66, p. 471.
N ation a l W a ll P aper Company.
( Statement o f Dec. 31, 1897.)
The following return has been filed at Boston:
Assets—
1897.
1896. | lAabilities—
1897.
1898,
Land & build’g s.. $7*‘8,454
$768,453 Capital s t o c k ....$27,931,500$27,931,500
Machinery.......... 2,152,814 2,409,4671Debts .................. 8,720,477 8,851,822
Cash & debts rec.. 3,113,482 3,618,254 I R eserves............
352.8291
Manf’s, m ’d s e ..... 2.609,030 2,276,453 Balance
assets
> 635,390
Patent rights........28,231.500 28,231,500 | over liabilities.
10,106)
Miscellaneous......
139,632
115,5$5 i
T otal.............$37,014,912 $37,418,712 |
—Y . 64, p. 1088.
T otal.............. $37,014,912 $37,418,712
U nion Sw itch & S ign al Company.
(Report fo r the year ending Dec. 81, 1897.)
President George Westinghouse makes the follow ing report
to the stockholders :
T otal sales fo r the year ending D ec. 3 1 ,1 8 9 7 ..............................$424,1 90
....... ..................... 373,243
T ota l disbursem ents “
“
“
“
“
Net earnings.............................................. .............. ..................
D ividends (6 p er cent on p referred sto ck ).................................
$50,947
23,841
Surplus fo r year............................. ............................
$27,106
BALANCE SHEET DEC, 31, 1897.
Assets—
L iabilities—
Cash................
$16,804 P referred stock ............. $ 3 9 7 ,6 0 0
A ccou n ts receivab le ..
219,608 Com m on sto ck ......... .
997,950
M aterials, per invent’ry
151,631 First m ortgage..............
17 9,00 0
Swissvale p ro p e rty ___
168,471 Bills and a c c ’ts p ayable
58,100
M achinery and t o o ls ...
182,851 Interest on b o n d s .........
4,210*
Furniture and fixtures.
2,431 Surplus Dec. 3 1 ,1 8 9 7 ..
10 4,93 0
P atents............................ 1,000,000
T otal assets............ $1,741,796
Total liabilities.......$1,741,796
President ft. M. Dodge says:
The surplus of Dec. 31, 1896 ($201,485), has been charged
“ Our increased earnings for the year 1897 are due to the
improved conditions of business on the line of our road for with “ reduction of patents $111,415” and “ reduction and ex
1897. The crop acreage was not large, but the yield was penses prior years, $12,240,” and has been credited with the sur
good. W e have moved some 3,509 cars of grain products up plus for $1897 of $¿7,106, making the $104,936 here shown a»
to December 31,1897. There is still a good percentage of the the surplus of Dec. 31, 1897.
crop in the hands of the farmers ; nearly 400 cars moved in
the month of January, 1898. The rate on this class of busi
GENERAL INVESTMENT NEWS.
ness has been greatly reduced since the creation of the rail
way commission, so that increased revenue is not entirely
R eorganizations, Etc .—Latest Data as to Defaults, Reor
due to the movement of the grain crop. The cotton crop is
ganization Plans, Payment o f Overdue Coupons, Etc.— A l l
growing to be an important factor on our line.
The past
facts of this nature appearing since the publication of the last
season has demonstrated that cotton can be raised success
issues of the I n v e s t o r s ’ and the S t r e e t R a i l w a y S u p p l e
fully in our territory west of Bowie.
This year the crop is
m e n t s m ay be readily found by means of the following index.
more than double that of 1896. This will add to our earning
This index does not include matter in to-day’s C h r o n i c l e ,
power very materially in the future. The opening of and ob
As to some smaller companies see also p. 572, issue of Mar. 19.
taining deep water at three ports on the G u lf has added m a
Railroads and Miscel. Co.’s.
Railroads & Mis. Co.’s—{Con.)—
terially to our tide water business, and the growth of this
Volume 66—
Page.
Volume 6 6 —
Page.
business is promising.
A cetylene L.H.& P .C o.of Phil.recv. 708 Saratoga Gas & Elec. L ............. sale. 666 »
Adams Express .. officialcircular. 470 St. Louis Union Stock Yards., .sale. 676Our improved condition and growth of business have made Addison
& Pennsylvania.......... sale. 673 So. Atl. & Ohio.....................sale.575, 617
necessary large improvements during the year. The total Amer Steel & Wire, consol, effect'd. 615 South Jersey
.......................sold. 665B. & O...................Default, etc. 470, 063 Summit Branch R R ............... reorg. 676
dost of these was $49,336, including :
do Reorg. plan progressing........... 708 Toledo St. Louis & K. C............sale. 710-
L aying 525*87 tons 60-pound steel rails (5'57 m iles;, $15,369 ; re
bu ildin g cars, $8 ,370 ; autom atic couplers, $ 3 ,4 9 6 ; 8 5 ^ lineal m iles
o f right-of-w ay fence, $ 5 ,568 ; new buildings, $ 5 ,8 5 8 ; new side tracks
and extensions, $ 3 ,3 7 3 ; new stock yards, $2 ,855 ; new cotton p lat
form s, $462; approaches to Canadian R iver bridge, $ 2 ,1 3 6 ; im prove
m ents to w ater service, $ 1 ,6 9 9 ; tools, etc., $ 1 4 9 ; total, $49,336.
^ After deducting this amount, together with all fixed
charges, rentals, etc., there remains from the last six m onths’
earnings $53,0u0 applicable to payment of 2 per cent divi
dend upon the interest-bearing stock. Owing to the fire on
Feb. 9,1898, and the total destruction of the records of the
company, this report is materially reduced and no statistics
can be furnished.
Statistics.— Earnings, expenses and charges for the year
compare with previous years as follows :
EARNINGS AND EXPENSES.
1896.
1897.
301)98W!F'
$
x* E a rn ings—
£28,774
P assen ger............................. 250.251
958,996
678,428
103,678
M ailf express, e tc ........ ---• 110,584
1895.
&
242,832
736,718
107,151
1894.
$
255,463
969,174
111,242
T otal ............................ ,319,831 1,010,880 1,086,701
E xpenses—
179,159 ii 231,192
Main, o f w a y & structures 184,852
129,004
M ain, o f equ ipm ent........... 158,403 iJUfl 127,164
399,705
409,526
C onducting transportat’n. 467,472
62,312
62,791
55,105
40,682
43,410
39,853
T a x e s .....................................
876,924
809,022
905,685
T ota l................................
209,778
201,858
Net earnings........................ 414,146
9,382
8,864
14,520
Other in co m e......................
1,335,879
f
S
W m ■...
Biffi Surplus............................
428,666
210,722
219,160
247,943
184,278
519,312
62,659
34,209
1,048,401
287,478
Central Ohio R R ........ coupon paid. 470
Oentralla & Chester .... recvs.ctfs. 57S
Central Verm ont ...new committee. 708
do payt. of int. by Or. Trunk.... 708
Central W ashington R R
. .sold. 183
Chicago R. I. & Pac.. .refund. .235, 288
Col. & H ock. r . & l.recv.discharged. 183
Col. Hock. V. & T o l.. -Mar. coupon. 471
Colorado M idland.. .new securities. 708
Col. Sand. & H o ck ...... revs. ctfsA71, 673
Cumberl’d Telep. & Tel. Co. consol. 616
Denver & Rio G rande... refunding. 236
Ensley Land Co................. .. .reorg. 573
Galveston La Porte & H onst., sale. 708
readjust. 708
General E lectric..........
Great Northern............. .new bonds. 471
H utch’n(K an.)W ater,L.& P.reorg. 664
International Paper Cos. .. consol. 288
Johnson Steel C o.................. mercer. 709
Lake S.& Mich.So.pend'd consol.237, 288
Little Rock & Memphis........... sale. 471
Memphis & Charleston... .sold..237, 472
Musk. Gd. Rap. & lnd.conp.. .paid. 426
New Amsterdam Gas.wewsecunt’s. 616
N. Y. &E. R. Gus.consolidntion.SS7, 620
N. Y. Biscuit__ plan underwritten. 237
N.Y.C.& H. R.pend’g consol.237, 288, 064
New York Phil. & Nor........... reorg 665
N.Y. Sus. & W . RR.. exch of stk.574,665
No. Pac.Ry offerto Gew.First.6s.337, 665
Ogdensb. & Lake Champ......... sale. 574
Oregon Improvement..assessments. 621
Pecos Val. R R ...... sale. 617.reorg. 709
Penn. Heat,Lt.&Pow.plan effective. 384
Peo. Dec. & Ev .deposit notice.. 184, 665
Phil. Read. & N. E ...................plan. 574
Union P a c........... payment of 1st 6 s. 238
do Morgan notes (gold 6 s of ’91) 427
do coll.for 6 s of 1879 sold.288,885, 427
do sale of coll, for tr. mort. of
1883........................... 339,427, 617
do fl/nalnotice to stockholders.... 339
do new securitie listed...521,617, 618do payment of bonds ........... 521, 666 Un.Pac. payment of certs, for cbl.tr.
6 s of 1879................................ 521
do new securities ready............... 617
Union Pacific L incoln & Colorado
R y ....... V .P . offer accepted . .385, 473
W est Virginia & Pitts........ default. 665»
W heeling & Lake Erie ..Toledo Belt
coupons paid ................................... 530*
W isconsin Central.................. reorg. 385
do
do ... reorg. notice. 636
do
do intervening sufX. 576
Street Railways .
A kron St. R y. & 111......... recvs. ctfs. 57®
Asbury Park & Belmar............. sold. 616
Brooklyn El. RR.2dinstal.of asses. 883
Cincinnati Inc. P la n e .............. sale. 471
Columbia & Maryland............... sold. 664
Denver City............................. reorg. 616
East Wareham Onset Bay & P t.
ln d ..............................................sale. 664
Kings County Elevated.recrs. ctfs. 709
Lynchburg E lectric................... sold. 472
New Orleans T r...................... reorg. 617
Norfolk & Ocean V ie w ............. sale. 617
Park City( Bowling Green,Ky.)sold. 47®
Syracuse East Side R r ...... default. 47®
w A tla n tic Valdosta & W estern R y .— Completion o f Gap.—
This company has completed the gap of 24 miles and now
has a contiDuons line of 71 miles running from H aylow, fta .rf
to Crawford, Fla. The city of Valdosta, G a.. has granted
right of way through the city and grounds for depot pur
poses, and work is to begin at once on the extension of th&
A p r il 16, 1 888,]
THE
CHRONICLE.
Jo§L v
line from H ay low to Valdosta, on the Ga. South. & Fla. Ry. 1988, to the amount of $5,763,000, have been listed on the
W h en completed the line w ill be about 100 miles long, ex New Y ork Stock Exchange. O f these bonds $5,263,000 “ were
tending from Valdosta to Jacksonville, Fla. It opens up a issued on deposit with the trustee of an equal amount of ‘ ex
isting bonds.’ and $500,000 were issued for the purpose of
timber section.— V . 66, p. 183.
facilitating the issue of bonds under the general gold bond
Baltimore & Ohio R R .— Condition o f Special Funds March mortgage.” The Stock List Committee of the Exchange is
1,1898.— The receivers report the amount on hand of the
empowered to add to the list from time to time additional
several special funds on Feb. 1 and March 1 and the amount
amounts o f the new loan when officially notified th a r. said
expended from each fund during the month of February as
bonds have been issued in exchange for or in payment of
follow s:
“ existing bonds” <of the company, making a total amount to
/— Receivers' certificates.-----Series I. Series I I . Series H I. Terminal be listed not to exceed $25,000,000. A n abstract of the new
( B .a O .) (B. <&O.) (P .d kO .)
Fund.
mortgage was in the C h r o n i c l e of March 12, 1898, pages
U nexpended Feb. 1 ................. $17,417 $16,885 $341,595 $308,298 522-525. The surplus income of the company for the fiscal
E xpen ditures in F e b r u a r y ..
68
10,759
77,350
31,745
U nexpended M arch 1 ............ 17,349
6,126
264,245
276,553 year ending March 31, 1898, it is stated, will approximate
$3,000,000.— V . 66, p. 664.
—V. 66, p. 708.
Boston Gas. -B r o o k li n e Gas.— New England Gas & Coke.
Cicero & H arlem Street R y .— Lake Street Elevated R R .#
Chicago.— New $ 1 ,0 0 0 ,0 0 0 Mortgage.— The “ Chicago Chroni
c le ” sa ys: “ It has been definitely decided that a mortgage
authorizing an issue of $1,000,000 of 5 per cent bonds will be
made by the Cicero & Harlem Street Ry. in connection with
the extension of one mile of elevated and one and one half
miles of surface and incline road to be built as an extension
F ir s t-T h a t the charters o f the B oston & Broohline gaslight com to the Lake Street Elevated. W h ile the authorized issue
panies are revoked and annulled and the corporations put under the will be $1,000,000, the estimates for the cost of the present
general provision s o f the p ublic statutes.
Second—That the Supreme Judicial Court shall, upon ap plication in work amount to only’about $287,000.
“ W hen the extension is finished the management thinks
1;he regular form o r on the app lication o f the Gas Comm issioners or
“the A ttorn ey General, appoint a receiver or receivers o f the com panies the Lake Street will enjoy a large increase in traffic. The
4;o hold and distribute the estate and effects.
two and one-half miles will bring it into the best territory in
Third—That sections 1 and 2 shall take effect on Dec. 1 ,1 8 9 8 , but
shall n ot apply to such one o f the tw o com panies as shall before that the Cicero suburbs and also into the territory now served by
date file w ith the Gas Com m ission a p ow er o f attorney authorizing the the North Western. The Lake Street people figure there are
B oard to cancel and discharge any and all w ritten contracts executed from 10,000 to 12,000 passengers per day that the extension
b y it w ith the com pany, w h ich said Board, after such hearing as it
should bring to the road.”— V . 66, p. 131.
m a y deem advisable, shall decline to approve.
— Bill to Revoke Charters.— Chairman Barker, of the Massa
chusetts Gas Commission, submitted this week to the Com
m ittee on Manufactures, at the Boston State House, a bill to
revoke the charters of the Boston and Brookline Gaslight
companies unless their contract with each other is annulled
before Dec. 1st next. Thelbill provides :
This proceeding is part of the general movement that has
been made in recent weeks against the N ew England Gas &
Coke Co. and its subsidiary properties.— V . 66, p. 426.
B oston & M ontana Consolidated Copper & S ilv er M ining
C o .— Consolidation Not Pending.— Referring to the talk of a
possible consolidation of his company with the Butte & Bos
ton, as a result of the announcement last week, President A .
S . Bigelow says: “ The circular speaks for itself, and there is
nothing in the circular regarding consolidation. There is
absolutely nothing to be read between the lines. W e could
consolidate as well under Montana as under N ew York laws.
The proposed change is made solely on advice of counsel, and
fo r purposes of better administration.”— V . 66, p. 708.
Buffalo Rochester & P ittsb u rg R y .— A llegh en y & W e st
e rn R y.— Contract Ratified.— Tne stockholders of the Buffalo
Rochester & Pittsburg voted on the 14th inst. to approve the
contract made with the Allegheny & Western for the exten
sion of the B. R. & P . from Punxsatawney to N ew Castle, in
accordance with the circular issued and published in the
C h r o n i c l e Feb. 12, page 335.
The work is being proceeded with, and is to be completed
within a year. A t N ew Castle connection will be made with
the Cleveland & N ew Castle R R ., which is in course of con
struction in the interest of the Lake Erie & Western R R .—
/ . 66, p. 335.
C entral Verm ont R R . —Agreement with Grand Trunk Ry.
•as to Interest Payment.— W e noted last week that the Grand
Trunk R y. Co. had agreed with the Baker Committee, repre
senting the Consolidated R R . of Vermont first 5s to pay for
one year to the holders of certificates of deposit representing
the deposited bonds on the quarterly interest days beginning
M ay 1, 1898, the interest that would be due on the new first
mortgage 4s and Series A bonds in advance of the issue of
th e new securities. This agreement is dated Feb. 21, 1898,
•and says in substance:
W hereas a certain proposition fo r the settlem ent o f the claim s o f the
'holders o f the said bonds has received the approval b y v ote o f tw olihirds in interest o f the certificate holders v otin g as provided in the
said agreem ent. [See term s V. 65, p. 515.]
A n d whereas certain delays have arisen in carrying the said p rop o
sition into effect and in form ing the intended new corporation.
N ow it is agreed as follow s:
1. The said Grand Trunk R ailw ay Co., in consideration o f certain
valu a ble considerations, agrees to p a y to the said com m ittee at the
A m erican L oan & Trust Co. at B oston fo r not exceedin g one year from
Feb. 1 ,1 8 9 8 , the interest that w ou ld have been payable on accoun t o f
s o m any o f the said first m ortgage bonds and second m ortgage bonds
Series A as the holders o f the said certificates assenting to this agree
m ent w ou ld have been entitled to if such first and second m ortgage
bon ds had been issued. Such interest to be so p ayable o n the 1st o f
M ay, August, N ovem ber and February respectively.
2 The said com m ittee, in consideration o f the said agreem ent o f the
G rand Trunk R y. Co., agree that they w ill hold the three coupons fo r
interest p ayable on Jan. 1 and Ju ly 1 ,1 8 9 7 , and J a n 1 ,1 8 9 8 , on ac
coun t o f the said 5 per cent m ortgage bonds o f the Consolidated RR.
Co. as are m entioned in the said certificates, the holders o f w hich as
cen t to this agreem ent as aforesaid upon tru st fo r securing to the said
G ran d Trunk Ry. Co., in case the said proposition shall fo r any reason
fa il to be carried ultim ately into effect, the repaym ent o f the sums so
ad vanced in paym ent o f the said interest.
4. E very certificate assenting to this agreem ent shall be stam ped at
the A m erican Loan & Trust Co. and a m em orandum shall be stam ped:
C itizens’ Street R R . o f In d ia n a p o lis.— Litigation.— A t
Noblesville, Ind., April 11, Judge Neal, of the Hampton
Circuit Court gave a decision in the case of the city and this
street railway company.
The general counsel of the Citizens’ Company says:
The m unicipal authorities, as w ell as counsel o f the Citizens’ Com
pany, claim ed that the con tra ct o f the City R ailw ay C om pany m ade in
1893 w as v oid because the Councils o f 1893 had no p ow er to m ake a
; contract w hich could n ot becom e effective until 1901. The decision
\just rendered confirm s the position and declares that the con tra ct
i m ade with the City R ailway Co. (the w ould-be riva l o f the Citizens’
Co.) b y the city authorities in 1893 is absolutely null and void. This
effectually disposes o f the claim s advanced b y the C ity R ailw ay Co.
during the past five years, and is a clear victory fo r the Citizens’
Company.
F ollow ing the decision o f the State Supreme Court in the three-cent
fare case, the Court also held that the rights o f the Citizens’ Com pany
to use certaiu o f the streets w h ich they n ow occu p y expires in 1901.
In this conn ection it w ill be rem em bered that the Supreme Court o f
Indiana held the three-cent fa re law v a lid ; the United States Court
held it un constitu tion al and void . T hat part o f the decision ju st
rendered w hich affects the Citizens’ Com pany w ill be appealed to the
United States Supreme Court, and it is confidently believed that that
Court, follow in g the decision o f Ju dge Show alter in the three-cent
fa re case, w ill reverse the decision ju st rendered in so fa r as it affects
adversely the Citizens’ Com pany.—V. 64, p. 754.
City & Suburban Homes Co.— Increase o f Stock.— The
stockholders will vote at the company’s office, 281 Fourth
Avenue, on April 25, on a proposition to increase the capital
stock of the company from $1,( 00,000 to $2,000,000, all in
shares o f $10 each. President Ë. R . L . Gould recently wrote
to tne C h r o n i c l e as follows :
Though this com pan y was organized under the law s o f New Y ork
State on July 6, 1896, it did n ot com m ence business, ow in g to the dis
turbed financial conditions, until a ffe r the Presidential election o f
that year. W e purchased som e lan d in December, 1896. bu t no build
in g was com m enced until less than a year ago. A few o f our suburban
hom es were com pleted last D ecem b er; som e m ore during January
and February. Our m odel tenem ent buildings, w hich represent a
large investm ent o f nearly $600,000, counting land and buildings
together, are not y et fu lly com pleted, and therefore this com pan y has
n ot had tim e to show th e earning cap acity o f its investm ent. No d ivi
dends have been declared and in m y judgm ent it w ill be im possible to
declare any until Novem ber n ex t.—V. 63, p. 1009.
Columbus (G a .) R R .— Reorganization.— The old bond"
holders have assented to the reorganization plan and will re
ceive new first mortgage bonds for 61 per cent of their hold
ings and new second mortgage incomes for the balance. The
new firsts will be forty-year 5 per cents and will cover the
combined property of the Columbus R R ., North Highlands
R R . and the Brush Electric Light & Power Co. The author
ized issue is $450,000, of which $30,000 will be held in treasury
to retire an underlying lien of $30,000 maturing in 1913, and
$20,000 of the new bonds are reserved to build a bridge across
the river. The issue of second mortgage 6 per cent noncumulative income bonds is for $250,(00. The balance of
both of the new issues not used as above goes for the acquisi
tion of the Brush Electric Light & Power Co.
D etroit City Gas Co.— Listed.— The N ew York Stock E x
change has listed $3,885,000 o f this company’s 5 per cent 25year gold bonds of 1923, and has authorized the listing of
additional amounts, to a total not to exceed in all $5,000,000,
upon receipt of notice of their exchange for Detroit Gas
bonds. The Exchange has also listed $2,232,100 of the com
FOBMlOI' MEMORANDUM.
The holder o f this certificate has assented to an agreem ent dated pany’s capital stock and has granted permission that this be
Feb. 2 1 ,1 8 9 8 , w hereby the com m ittee is to hold the three interest increased to $4,560,000, as notice shall be received of its issu
-coupons payable in January and July, 1897, and J anuary, 1898, in ance.— Y . 66, p. 336.
tru st to secure to the Grand Trunk R y. Co. in case the reorganization
p lan that has been approved shall n o t be carried into effect repay
E rie R R .— New Y ork Susquehanna & W estern R R .—
m ent o f the sums that it shall have advanced fo r interest on bonds to Lease.— New Stock Listed.— Two meetings of the stockholders
be issued under the plan fo r the prin cipal o f the bonds herein m en
tioned, and the holder o f this certificate hereby ratifies and approves of the Erie R R . Co. were held on March 11, and at said meet
the proposition o f settlem ent referred to in said agreem ent.—V. 66, ings the voting trustees and all other stockholders authorized
p . 708.
(1) a lease of tne Susquehanna road to the Erie R R . Co., and
Chicago R ock Isla n d & Pacific R y.— Listing o f New Loan. (2) an increase of the stock of the Erie R R . Co. by $13,000,000
— The general mortgage 4 per cent gold bonds of 1898, due of first preferred stock and $13,000,000 of common stock, for
7 6 0
THE
CHRONICLE,
[V ol. L X V 1 ,
without regard to any police regulations. So far as th»»t wasp
a Federal question it was properly decided by the State Court
:in holding t’aat the company was subject to reasonable regu
lations. But beyond that the State Court declined to go, and
we do not find that any Federal question was so presented:
that we are called upon to go any further than they did.
The judgment of the Supreme Court o f Missouri is therefore
affirmed.”
Emerson McM illin, President of the company, says: “ Th e
decision of the United States Supreme Court is disappointing
only in the failure of the Court to decide the real points at
issue. The suit was a friendly one with the city, and was so
started as to avoid putting costs on to the city. The company
expected an affirmation of the decision of the Lower Court. But
both the city and the company desired the Court to pass upon
the perpetuity of the company’s charter; upon the right of the
company to do electric lighting; upon the validity of the city’s
ordinance concerning underground wires, and upon the right
of the city to impose 5 per cent license tax on electric light
ing receipts. A ll these questions were of importance to both
parties. The point decided was not of the slightest import
ance to either party. It was used as a vehicle for bringing
the other questions before the Court. The effect o f the de
cision is to leave the company where it was before the suit
was instituted.”
Friends of the company believe that if the
Court could have decided these points in favor of the city, it
would have so decided.— Y . 65, p. 1220.
Lake Shore & M ichigan Southern R R .— New President.—
W . H . Newm an, Second Vice-President of the Great N orth
ern Railway Co., has been chosen President to succeed S. R .
Callaway, recently selected for President of the N ew Y ork
Central & Hudson River Railway C o.— V . 66, p. 664.
Lakeside R y.— Receiver Ashed. —A t Pottsville, April 6, a
bill in equity applying for a receiver was filed by the W e st
inghouse Electric & Manufacturing Co. as a bondholder
against the Lakeside Railway Co. Interest since 1895 is in
default on the mortgage of 1893 for $250,000, under which
the Equitable Trust Co. of Philadelphia is trustee. Bonds to
the amount of $180,000 are said to have been issued.
Lehigh & W ilk esb arre Coal Co.— Bonds Called.— Notice in
given that 152 sterling 6 per cent bonds, for £200 each, have
been drawn, and will be paid with maturing coupons on May
first, on which date all interest thereon w ill cease. O f the
bonds 54 will be paid at the Liberty National Bank, 143
Liberty Street, N ew York, and the remaining 98, issued in
London, will be paid at the office of Messrs. I. Thomson, T .
Bonar & Co., London.— Y . 65, p. 1114.
Long Isla n d R R .— Payment o f Maturing Bonds — Refund
ing.— Holders of the $1,121,000 first mortgage 7 per cent
bonds, due May 1st, 1898, are notified that the principal o f
their bonds and the coupons due May 1st will be paid in cash
on and after that date on presentation at the office of the U .
S. Mortgage & Trust Co. To provide for this payment the
company has sold to Brown Brothers & Co. $1,121,000 consol
idated mortgage four per cent bonds. The total authorized
issue of the consols is $5,000,000, of which $3,610,000 have
heretofore been issued, bearing 5 per cent interest. The pres
ent transaction will increase the amount of the loan out
standing to $4,731,000, leaving only $268,703 to be used to re
tire the second mortgage bonds for a like amount in 1918.
This small issue of seconds is all that will rank ahead of the
consols in their lien upon the property after M ay 1st.— V . 66,
N otice is hereby given that the K eokuk & W estern R R . C om pany p. 664.
h a v in g bought the Des M oines & Kansas C ity R y. and the appurten
M em phis & Charleston RR.— New Securities Veady April
ances o f the same, and being n ow in possession, that therefore on
m idnight, M arch 31, 1898, the D es M oines & Kansas City R y. will 18.—•The Guaranty Trust Co. informs holders of its reorgan
cease to be know n b y the ab ove name, and w ill becom e a part o f the ization certificates for securities of the Memphis & Charles
K eokuk & W estern R R ., and under the ju risdiction o f the officers o f
ton R R . Co. that on and after April 18 the new securities of
the latter com pany.—Y . 65, p. 924.
the Southern R y. w ill be ready for distribution. See further
K in gs County T raction Co.— Nassau E lectric R R .— Dis particulars under caption “ Southern R y . Co.”— Y . 66, p. 472.
solution.— The following announcement is made of the disso
M exican N ational R R .— Reported Readjustment of Funded
lution of the Kings County Traction C o .:
Debt.— Efforts are being made, it is said, to readjust the
" This certificate, issued in duplicate, hereby certifies that the Kings funded debt. The present first mortgage 6 par cent bonds
C ounty T raction Co., a dom estic stock corporation, has filed in this
office on this 12th day o f A pril, 1898, papers fo r v olu n tary dissolution are redeemable at par, and if satisfactory arrangements can
o f such corporation under Section 57 o f the Stock C orporation Law, be made, it is proposed to replace these bonds with an issue
and that it appears therefrom that such corp oration has com plied bearing a lower rate of interest. A further outcome of the
w ith said section in order to be dissolved. W itness m y hand and the
seal o f office o f the Secretary o f State at the C ity o f A lban y, this 12th present effort may be the changing of the gauge of the road
to standard and the providing of capital for additions and
day o f A pril, 1898.
[Seal o f Secretary o f State.]
improvements — Y . 66, p. 661, 664, 666.
JO H N PA LM E R , Secretary o f State.
M ichigan Central R R .— New Y o rk C entral & H udson
- Y . 66, p. 574.
Laclede Gas L ig h t Co.— Supreme Court Decision.— On R iver R R .— Amalgamation.— The Guaranty Trust Co. gives
Monday, the 11th inst., Mr. Chief Justice Fuller in the, notice that it is prepared to receive deposits of shares of the
United States Supreme Court, rendered an oral opinion in Michigan Central R R . Co. on or before June 16, 1898, and to
the case of the Laclede Gas Light Co. The company ap. issue receipts therefor in accordance with the circular of the
pealed from the decision of the Supreme Court of the State New York Central & Hudson R iver R R . Co., dated A p ril 13,
of Missouri denying its application for a mandamus against; 1898.
Each $100 share of stock so deposited w ill be entitled to
the Street Commissioner of St. Louis and the city to issue a,
per cent bonds of the N ew York Cen
permit to the Laclede Co. to excavate in the streets for the> receive $115 in new
tral. A s we go to press the full particulars are not at hand,
purpose of laying electric wires.
The State Court held that the company was subject to a, but we understand that these bonds will be issued under a
number of valid ordinances with w h im it must comply, and[ collateral tru3t deed for about $21,000,000, and will be sethat so far as the Street Commissioner was concerned the) cured by deposit in trust of the stock turned in for exchange,
Court perceived no ground fo r compelling him under thei The outstanding capital stock of the Michigan Central iscircumstances to issue a permit to allow the company to ex. $18,738,000, and it has paid dividends at the rate of 4 per cent
yearly for four years past. Except as to the rate of exchange^
cavate.
Justice Fuller said: “ W e do not find that we are compelled[ the deal, we are told, is to be on the same lines as in the case
to decide questions that the Supreme Court of the State5 of the Lake Shore. See V . 66, p. 288. — V . 66, p. 684.
New Y o rk P h ila d elp h ia & N orfo lk R R .— Necessity fo r
did not decide. There m ay be a Federal question in the case,,
and therefore we do not dismiss the writ of error— a Federal1 Reorganization.— The reorganization plan referred to in our
question in that the point was raised whether the company was3 issue of April 2 is at hand and is accompanied by a statement.
entitled to excavate in the streets and pat down electric wires3 which explains as follows the necessity for reorganization;
the purpose of enabling the Erie R R . Co,, lessee as aforesaid,
to acqnire shares of stock of the Susquehanna Company.
Pursuant thereto the Erie R R . Co., leasee, has already acquired 83,996 shares of preferred stock and 100,246 shares of
common st ( ck of said company, and has issued in exchange
therefor 85.528 shares of its first preferred stock and 98,714
shares of its common stock. The Erie Company is still under
obligations to issue for the shares already acquired about
8,500 shares additional of its own preferred stock and 1,500
shares additional of its own common stock, which will be is
sued later.
. ,
The Erie company has conducted such further negotiations
as lead it to believe that it will acquire substantially all of
the remaining stock of the Susquehanna Company on the
basis set forth in the circulars heretofore issued, v iz .: $90 of
Erie first preferred stock for $100 Susquehanna preferred and
one share of Erie common for one share of Susquehanna
common.
The N ew Y ork Stock Exchange has ordered that the $8,552,800 additional voting stock certificates for 4 per cent non-cumulative first preferred stock and $9,871,400 additional voting
trust certificates for common stock be added on April 15th to
amount now on the list, making total amount listed at that
date of first preferred stock $38,552,800 and of common stock
$109,861,400. Also that the Stock List Committee be em
powered to add to the list such portions of the balance of the
amount applied for as shall be exchanged under the present
offer of the Erie Railroad Company, making total amount to
be listed not to exceed, of preferred stock, $43,000,000, and of
common stock $112,990,000.— Y . 66, p. 573, 665.
G eneral E lectric.— Van Depzele Patent Case.—In the suit
of the Thomson-Houston Electric Co. against the Union
Railway Co., N ew York, the United States Circuit Court of
Appeals, on A pril 9, reversed Circuit yJudge Lacombe’s de
cision, in which he granted an injunction pending final hear
ing in the case, restraining the railway company from using
certain overhead trolley car appliances to which the plaintiff
claims exclusive right under the Van Depoele trolley pat
ent. The Union Railway Co. is using the W alker Com
pany’s apparatus, and the officers of the latter company
claim that under the decision the right to make and use the
trailing freely mounted trolley arm pressed up against an
overhead conductor is now no longer limited to the General
Electric and Westinghouse companies and their licensees.
Frederick P. Fish, General Counsel of the General Electric
at Boston, is quoted as saying: . “ This decision was one
which removed a temporary injunction issued by a lower
court, whereby other companies were restrained from the
use of this trolley patent. The case has gone back to the lower
court for a final hearing, whence it will be carried to the
Court of Appeals if the case goes against us. If the Court of
Appeals on the final hearing decides against the validity of
the patent, we w ill endeavor to have the case carried to the
Supreme Court. A s the matter now stands, however, it is a
long way from final settlement. Should the use of the patent
be lost to us, the company has many other patents of a similar
nature which are very valuable.” — V . 66, p. 708.
Keokuk & W estern R R . -R e s M oines & K ansas C ity.—
Consolidation.— The Des Moines & Kansas City was on April
1 merged in the Keokuk & Western, by which it had for
some time been controlled. A circular issued by General
Manager Goodrich s a y s :
A pril 16, 1898. J
THE
CHRONICLE.
761
O ver-due coupons o f the first lien 6 per cent g old bonds o f the com
p a n y to the am ount o f $1,005,330 are n ow held b y the Pennsylvania
R R . Co,, and by tlie P hiladelphia W ilm ington & Baltim ore RR. Co., the
sam e havin g been purch ased b y them from tim e to. tim e under the
term s o f a certain traffic con tra ct Sept. 2 6 ,1 8 8 3 , and o f supplem ents
thereto. A ll these coup ons m atured on o r before Jan. 1 ,1 8 9 5 . A ll
•coupons since th&t tim e have been paid at m aturity. On Sept. 26,
1898; said railroad com panies w ill be entitled to proceed legally fo r
the collection o f said coupons. They have demanded paym ent thereof.
I n v iew o f the m anifest inability o f this com pan y to p ay the m atured
cou p on indebtedness and its currently m aturing coupons, a fo re clo
su re o f its first m ortgage and reorganization becom e inevitable.
The suggested reorganization will entail the necessity o f raising cash
to m eet expenses and to provide an additional fund o f about $550,000
to secure the ow nership in fee sim ple o f wharves and other term inal
p rop erty at N orfolk, and to p rovid e fo r the purchase o f an additional
passenger and freight steamer. [To m eet this expen se is levied an
assessm ent o f 15 per cent on the capital stock, which if paid in full
w ill yield $257,156, and o f 35 per cent on the incom e bohds, w hich
w ill equal $ 3 5 0 ,0 0 0 - i n all $607,156. E d .]
•,
„ _
The P ennsylvania RR. C o,an d the Philadelphia W ilm ington & B alti
m ore R R . Co. will be w illing to m ake a com prom ise upon the basis of
am agreement w h ich has been prepared, if a new traffic contract be
m ad e and the affairs o f the com pan y placed on a satisfactory basis.
This can he done bv an agreem ent to pay assessments to the exten t
■designated and b y the underw riting o f a syndicate w h ich w ill guaran
t e e the carryin g out o f the plan and agreement.
Safe D eposit Co.. 327 and 329 C hestnut Street. Philadel jh ia. as the
best means o f arriving at a result. Three o f our com m ittee, Messrs.
M oore, Jentes and Sailer, have been elected to the Fletcher Comm ittee,
w ho together w ith your coun cil, M essrs, Shapley <& B allard, now ,
represent y ou r interests there.
In the plan there has been conceded to Us the prin cip al objects w h ich
w e w ere requested to obtain at the last m eeting o f our bon dh olders,
nam ely: stopping o f the interest on the floating d ebt o f the com p a n y,
the reduction o f interest on the Dutchess County RR. bonds and the
foreclosure o f the property.
The expenses thus fa r incurred b y the W ilson Com m ittee w ill be
paid b y the new com m ittee, and the tru st receipts issued by the Girard
L ife Insurance A nnuity <fc Trust Co. fo r bon ds deposited under the
agreem ent o f Deo. 23, 1895, w ill be accepted fo r deposit under the
plan b y the F idelity Insurance Trust & Safe D eposit Co., or the holders
o f such trust receipts can withdraw their bonds w ithout expen se, u p on
presentation o f the trust receipts at the office o f the Girard L ife In
surance A nnuity & Trust Co., as they m ay elect.
T.7I4375
in g an assessm ent o f 15 per c e n t ................................ - ...........
T o be retained fo r future u s e ........................................................
283,623
New firstm ortg a g e to the F idelity Insurance Trust & Safe
D eposit Co. o f Philadelphia, as trustee, to cov er all the
p rop erty o f the com pany, including the wharves and other
term inals at N orfolk and the floating equipm ent to secure
4 per cent forty-year g o ld bon ds o f the denom ination o f
$1,000, total authorized issue [n ot to exceed $25,000 per
m ile o f railroad ]............................. . ............................................ $3,000,000
O f w h ich in exchange for $1,848,000 old first lien 6s, being
par and 10 per cent bonus therefor [interest to.be paid on
the present 6 per cent first lien bonds after ruly 1 ,1 8 9 8 ,
at the redu ced rate, until the tim e when it shall com
m ence to ruu on the new 4s].... ..................................................
2, 032,800
T o be p aid to the Pennsylvania R R . Co. and the Philadel
phia W ilm ington & Baltim ore RR. Co. in part settlem ent
o f the overdue coupons held bv them ..................... ..............
467,200
T o rem ain in the hands o f the com pany, to be issued only
from tim e to tim e fo r betterm ents, the total issue o f
bon ds n ot to be in excess o f $25,000 fo r each m ile o f
300,000
railroad ............................. ..............................................................
Second mortgage coverin g the same prop erty as the first
m ortgage, to secure 4 per cent non-cum ulative incom e
' bonds o f $1,000 e a c h ................................................ ..................10,000,000
These bonds are to be issued upon paying an assessm ent o f 35 per
o e n t in lieu o f o r in exchange fo r the present $1,000,000 incom e
bonds.
Stock to B e Held in Trust Subject to Sale.—“ A s p art o f the com
prom ise w hich the Pennsylvania RR. Co. and the P hiladelphia Wil
m ington & B altim ore RR. Co. are ready to make, they w ill p rob ably
require that said com panies, or one o f them, shall have an option to
purchase the stook o f the new ly-organized com pan y at any time dur
in g the continuance o f the traffic con tra ct w hich is to be entered Into
betw een said new ly-organized com pan y and the P ennsylvannia RR.
Co., at a price to be determ ined b y capitalizing, at the rate o f 6 per
oentum per annum, the average annual net earnings applicable to
dividends fo r the three years prior to the exercise o f the option, added
to the p ro rata value per share o f any accum ulated and undivided
earnings, represented by cash or securities at their m arket value, in
ex cess o f the sum. o f $100,090, w hich am ount shall be held to be re
quired fo r w orking capital. To insure said option , the stook o f the
new ly-organized com pan y m ust be transferred to a trustee, w h o shall
issue to the respective ow ners negotiable trust certificates entitling
th e holder to all dividends declared and to vote the stook at any m eet
in g o f the new ly-organized com pany.
Interest Paym ents.—The holders o f first lien 6 per cent gold bon ds
e.re to be entitled to receive interest thereon at the rate o f 6 p er
cen tu m per annum to the first day .o f Ju ly, 1898. Interest is to be
paid to them at the rate o f 4 per centum per annum from that date
until the date w hen interest w ill com m ence to run u p on the new
bonds.
Tbe franchises granted b y the certificates num bered from 1 to 6 »
inclusive, con form substantially to the franchises fo r w hich form al
application w as m ade by the M anhattan R ailw ay Co. b y its petition,
dated Jan. 31, 1898, but the franchise granted b y certificate No. 7
oonfers the right to build upon a route which has been suggested b y
this boa rd as a substitute fo r the righ t to bu ild upon the B oulevard.
Y ou w ill observe that under the term s o f these certificates no one o f
them w ill becom e op era tive or o f obligatory fo r c e un til all o f them
shall be aocepted b y y ou r com pany.
In im posing this condition tbe Board o f R apid Transit C om m ission
ers has borne in m ind the assertion m ade by the C onference Com m it
tee o f y ou r board o f directors that certain o f the franchises m igh t
not, in the first instance, add v ery m aterially to the earning ca p a city
o f your railroad, and it has accordingly established the com pensation
to be paid by your com pan y fo r what are considered the m ore profit
able franchises at a v ery low figure, in the belief that b y the adoption
o f this course y ou r com p an y w ould be enabled to accep t the fran
chises which do n ot prom ise to yield so large an im m ediate return,
and thus to add m aterially to the transit fa cilities o f a p ortion o f the
city w hich is n ot n ow provided for.
If, how ever, your com pan y shall n ot consider it desirable to a coep t
the franchises thus tendered in their entirety, bu t wishes to acoept
one or m ore ot them , then, upon prom pt n otice to that effect being
given to the B oard o f Rapid Transit R ailroad Com m issioners, the lat
ter Board w ill reconsider the term s upon which the separate fran ch ises
desired b y y ou should be granted.—V. 66, p. 710.
The Fletcher committee announces that more than a
m ajority of the first mortgage bonds has been de
posited with the Fidelity Insurance, Trust & Safe Deposi
Co. nnder the plan of reorganization of March 14, 1898. The
time for making deposits without penalty has been extended
to April 30, 1898, after which date no bonds or securities will
be received without the payment of a penalty.— V. 66, p. 574.
Plan.— The plan of reorganization proposed is the fol
Rapid T ran sit in New York C ity.— M anhattan Ry.—
low in g: After foreclosure a new company will be organized Franchises Formally Offered.— The formal tender of the
under the laws of Maryland, or of Virginia, or o f both, which seven franchises which the Board Of Rapid Transit Commisshall issue:
missioners voted last week to offer to the Manhattan
•Capital stock in $50 shares, to be held in trust as below
Railway Co. was made this week by President Orr, who sent
stated, and to be represented b y negotiable trust certifi
copies of the franchises to George J. Gould, accompanied by
cates, to ta l authorized
..................................................... $2,000,000
a note, saying in substance:
O f w h ich in exchan ge, dollar fo r dollar, fo r old stock p ay
The facts as to the proposed underwriting syndicate were
.given in V . 66, p. 665. The committee has the right to de-clare the plan effective whenever it believes sufficient of the
■security holders have assented. Deposits must be made with
■und assessments paid to Cassatt & C o ., Philadelphia, on or
•before May 14.— V . 66, p. 665,
New York Stock Exchange.— Proposition Not Approved .—
The Governing C om m ttee on Wednesday failed to approve
the proposed amendments to the constitution that were in
tended to extend the field of the New York Stock Exchange
«0 as to absorb the “ outside security” market.— V . 66, p. 289.
N orth Chicago Street R R .— $1,320,000 New Stock.— On
Wednesday it was announced that the directors had decided
to issue $1,320,000 stock, increasing the amount outstanding
from $6,600,000 to $7,920,000. The total authorized stock
issue is $10,000,000. This additional stock will be offered at
par to stockholders of record A pril 25th. It will be used to
retire outstanding certificates of indebtedness.— V . 66, p. 189.
Oregon Short Line R R . —Listing o f Old Utah & Northern
Bonds.— The N ew Y ork Stock Exchange has listed $3,964,000
first mortgage 7 per cent bonds of the U tah & Northern Ry.
Co., making the total amount listed to date $4,993,000. These
bonds are an underlying lien of the Oregon Short Line R R
The authorized issue was $6,000,009, of which $5,543 000 was
issued, but of the latter amount $550,(.00 was subsequently
taken up and canceled.— V . 66, p. 521.
P h ila d elp h ia Reading & New England R R .— First Mort
gage Committee Endorses Plan. —The first mortgage bond
holders’ committee announces its acceptance of the reorgani
zation plan recently published (p. 274) and says:
Our com m ittee bas decided it is fo r the best interests o f all concerned
to accept the p lan n ow proposed b y the Fletcher Comm ittee and to
d eposit the bonds thereunder with the F idelity, Insurance Trust &
St. Louis Y an dalia & Terre H aute R R . Co.— Payment o f
Maturing Bonds.— The second mortgage 7 per cent bonds
maturing M ay 1, 1898, will be paid, principal and interest, at
the office of the Central Trust Co., 54 W a ll Street, New Y ork
City, at m aturity, on M ay 1, 1898.— Y . 66, p. 331.
St. Louis & San Francisco R R .— Bonds Qailed.— Fifteen
first mortgage 6 per cent bonds of the Fort Smith & V an
Buren Bridge Co., v iz .: Nos. 4, 29, 44, 66, 134, 145, 165, 192,
239, 249, 325, 359, 401, 405, 473, have been drawn for the
sinking fund, and will be paid at 105 at the office of the M er
cantile Trust Co. on Oct. 1, 1898, at which date interest
thereon will cease.— Y . 66, p, 338.
St. P a u l & D u lu th R R . Co.— Consolidated Mortgage Au
thorized.— A t the special meeting of the stockholders held at
St Paul on the 14th inst., the consolidated mortgage for $5,000,000 was authorized for the purposes outlined in the cir
cular of Feb. 1 and published in the C h r o n i c l e Feb 12, page
338.— V . 66, p. 338.
Santa Fe <fc Grand Canyon R y.— New Road.— This com
pany is building a road which it expects to have completed
by August, 1898, from W illiam s, Arizona, a point on the
Atchison Topeka & Santa Fe, north to Grand Canyon. The
road, with spurs, will have a length of about 80 miles. A
traffic contract has been made with the Atchison. A m ort
gage for $1,< 00,000 has been authorized to the International
Trust C o., Boston, as trustee. Bonds are twenty-year fives,
interest January and July,
Singer (S ew ing M achine) M anufacturing Co.— Increased
Dividend.— The quarterly dividend paid April 1st was 10 per
cent. For some time past the rate has been 7)^ per cent
quarterly, or 30 per cent per annum. The capital stock is
$ 10 ,000, 000.
South Jersey R R .— A tla n tic City R R .— Lease.— The prop
erty of the South Jersey R R . Co. has been leased to the Atlan
tic City R R . Co., which is controlled by the Reading Co., the
latter taking possession at midnight, April 9. The South
Jersey extends from Winslow Junction, N . J ., to Cape May, 54
miles, with a branch from Tuckahoe to Sea Island, 12 miles.
It was sold to the reorganization committee at foreclosure
sale March 29. A description of the property, as also the re
organization plan, was in V . 66, p. 185,135.— V . 66, p. 665.
Southern Pacific R R . o f Cal.— Consolidation o f Companies.
— The Southern Paciflo R R . of California will absorb the
Northern Railway Co., the California Pacific and the North
ern California. The capitalization will not exceed the pres
ent aggregate capital of the several companies.— V . 66, p. 575.
Southern R y .— New Preferred Stock Listed.— There has
been listed on the New York Stock Exchange voting trus
tees’ certificates for $2,904,000 additional shares of preferred
stock, making the total listed to date $57,290,000. This addi
tional stock is issued as a part of the purchase price of the
762
THE
CHRONICLE.
Memphis & Charleston R y. in Alabam a and Tennessee (257
miles of railroad), which was sold under foreclosure on Feb.
26, 1898, and has been vested in the Southern Railway C o.,
and is now owned by it subject to mortgages created by it
thereon. ' The Southern Railway Co. also owns (subject to a
pledge thereof as additional security for said mortgages) first
mortgage bonds for $900,000 on 35 miles of railroad in Missis
sippi which formerly belonged to said Memphis & Charles
ton Co.
New Bonds.— The new mortgages of the Southern Railway
Co. covering the Memphis & Charleston are described as fo l
lows:
(1) A flrstm ortgage to secure $8,000,000 bonds, o f w h ich $5,083,000
should he Issued im m ediately, and $2,917,000 should h e reta in ed in
the treasury fo r subsequent im provem ents; all these m ortgage bon ds
to bear interest at 4 per cent u n til Ju ly 1 ,1 9 0 1 , thereafter at 4 ^ per
cent until Ju ly 1, 1906, and thereafter at 5 p e r c e n t ; and (2) second
m ortgage to secure bonds fo r $2,500,000, bearin g interest at 5 per
cent. These tw o m ortgages, as already stated, are secured in their
respective order o f p riority b y a m ortgage on 257 m iles o f railroad in
A labam a and Tennessee, together with appurtenances, etc., and b y a
pledge o f a separate bond o f $900,000 resting as a first lien o n 35
m iles o f railroad in M ississippi.
Of the $2,500,000 second mortgage bonds, $1,500,000 will
be used to reimburse the Southern R y. Co. for expenditures
in connection with the acquisition of the property, including
the purchase of M. & C. general mortgage bonds. The bal
ance will be held in the treasury for improvements at not
exceeding $100,000 yearly. The present total interest charge
on account of both first and second mortgage bonds is
$278,000. The net earnings of the M. & C. property during
the year 1896-97, under the receivers, were $335,097. The
earnings of the M. & C. will not be included in the monthly
reports of the Southern R y. until after July first.
New Securities.— On Monday the Guaranty Trust Co. will
begin the distribution o f the new securities in exchange for
its reorganization certificates issued on account o f Memphis
& Charleston R R .— V . 66, p. 665.
Sprague E le c tr ic .—First Dividend.— The company has de
clared its first dividend, namely, 3 per cent, on the preferred
stock, payable on M ay 2, 1898, to shareholders of record of
April 18, 1898. E. C. Platt is Treasurer, with offices at 20
Broad Street. The company was incorporated last October
with $5,000,000 authorized capital, of which $2,500,000 six
per cent preferred stock.— V . 65, p. 825.
Springfield Street R ailw ay.— New Stock.— The company
has petitioned the Massachusetts Railroad Commissioners for
authority to issue $3' 0,000 additional capital stock to extend
and improve the road.— V . 66, p. 135.
IL e p w rls m d M o c u m m t s .
P IT T S B U R G H C IN C IN N A T I C H IC A G O & S T .
LO UIS R A IL W A Y C O M P A N Y .
E IG H T H A N N U A L REPORT— FOR T H E Y E A R E N D IN G
DEC. 31, 1897.
P i t t s b u r g h , P a ., A p r i l 12th, 1898.
To the Stockholders o f the Pittsburgh Cincinnati Chicago fa
st. Louis Railway Co.
Your Directors submit herewith their report of the opera
tions of your line, and of the other roads in which you are
interested,for the year ending December 31st, 1897, show ing
the physical condition o f these properties and the financial
condition of your company at that date.
P ITTSB U R G H CINCINNATI C H IC A GO & ST. LOU IS R A IL W A Y .
This line extends from Pittsburgh, P a., to Columbus, Ohio,
with a branch to-C ad iz, Ohio, and the N ew Cumberland
Branch and the Bridgeville and McDonald Branch; and
from Columbus, Ohio, to Jeffersonville and New Albany^
Ind., via Indianapolis, and from Cambridge City, In d ., v ia
Columbus, Ind., to Madison, In d .; and from Bradford Junc
tion, Ohio, via Logansport, In d., to State Line between In
diana and Illinois, and to Chicago; also from RendcombJunction, on the Little Miami Railroad, near Cincinnati,
Ohio, to Logansport, In d., via H am ilton, Ohio, Richmond,.
Ind., and Anoka Junction, Ind.
M ain Line (including Steubenville E x ten sion P en n syl
vania Railroad, 1-23 m iles)...................................... ......... 943*41 m iles..
B ranches........................... '......................................................... 148-13
“
Line used jo in tly w ith other com p an ies....................... .
59-47
“
T otal........................ ............................................................. .1 ,1 5 1 0 1
Tiffin & Fostoria (O h io) E lectric R y.— Sold.— This prop
erty is reported to have been purchased by Cleveland capital
ists, who will extend and improve it.
Troy Gas.— New Bonds.— The stockholders have voted to
issue $500,000 second mortgage bonds to take up a like
amount of debenture notes due in 1902. The new bonds run
for 25 years and the holders of the debentures, it is stated,
have agreed to make the exchange on M ay 1 next.
U nion Carbide Co.— Acetylene Consolidation.— Incorpo
rated.—This company, with authorized capital stock of
$6,000,000, has been incorporated at Richmond, V a ., for the
purpose, it is understood, of uniting the large calcium car
bide plants in the country. The officers of the company are as
follow s: President, Cortland Betts, Morristown, N . J .; VicePresident, Frederick N . W atriss, N ew Y ork; Secretary and
Treasurer, Arthur Strake; board of directors, Joseph E.
Bullen, Ernest Knaebel, N ew Y o rk ; George H . Rae. Belle
ville, N . J ., and Frederick Sweasy, Newark, N . J. Mr.
Betts is connected with the office of the law firm of Shear
man & Sterling, N o. 44 W a ll Street.
A statement regarding the Acetylene Light, Heat and
Power Co. and its relation to the Electro Gas Co. was in the
C h r o n i c l e last week, page 703. The sale of the Acetylene
Co. to the Electro Co. is reported to have taken place.
U nion Elevated R ailroad o f Chicago.— Stock Listed.—
The company’s $5,000,000 of capital stock has been listed on
the N ew York Stock Exchange.— V . 66, p. 617.
U nited States Rubber Co . —Dividend.— The directors on
Thursday declared a further dividend of 2 per cent upon the
preferred stock of the company out of the net earnings for
the fiscal year ending March 31st, 1898. This was in accord
ance with notice sent stockholders with the January divi
dend that a further dividend would be declared should the
net earnings of the fiscal year ending March 31st, 1898, war
rant the same. The dividend is payable May 2d, 1898. In
1897 the January dividend was 4 per cent. This year only 2
per cent was paid in January, but the payment now an
nounced brings the total paid in the year to date the same as
in 1897.— V . 65, p. 1115.
W y om in g V a lle y Coal Co.— Called Bonds.— The following
bonds have been drawn by lot and will be paid May 1, 1898,
at the Farmers’ Loan & Trust C o.: Nos. 145, 173,180, 295,
299, 360, 402, 430, 456 and 459.
“
E a r n in g s .
1897.
1896.
Inc. o r Dec.
F reigh ts.......................... $ 1 0 ,6 0 7 ,7 5 1 5 2 $9,730,176 63 I. $877,574 89Passengers...................... 3,228,770 29
3,387,608 10 D. 158,837 81.
E x p ress............................
428,725 27
411,207 16
J. 17,518 11
M a ils:...............................
659,802 75
660,489 72
D. 686 97"
R ent o f railw ay, & c .. . .
40,343 41
46,322 00
D. 5,978 59*
Other ren ts.....................
34,974 69
10.652 75
1 .2 4 ,3 2 1 9 4
M iscellaneous................
144,116 91
123,905 92
I. 20,210 99*
T o ta ls ........................$15,144,484 84 $14,370,362 28
Steinw ay & Sons (L im ite d ) of London, England.— Not a
Going Concern.— Several months ago we published the pros E arn’g s p e r m ile o f road
pectus of a proposed English company o f this name, which
was to take over the American and foreign business of Stein
way & Sons, piano manufacturers. To complete our record
it should be said that the new corporation never began busi
ness and should not be confounded with the existing compa
nies of si&ilar title.— Y . 65, p. 328.
[V o l . L X V ï ,
$13,157 56
I. $774,122 56
$12,485 00
I. $672 56-
1897.
1896.
Main, o f w a y & stru o.. $ 1 ,6 3 6 ,1 1 0 1 8 $1,602,140 38
M aintenance o f eq u ip ..
1,962,348 65
2,136,588 53
Conducting transpor’n.
5,716,440 35
5.867,911 24
G eneral exp en ses.........
277,550 30
294,785 37
T a x e s ...............................
692,445 76
687,553 82
In c. or Dec.
I. $33,969 89D. 174,239 88
D. 151.470 89*
D. 17,235 07
1 . 4 ,8 9 1 9 4
E xpen ses.
T ota ls........................$10,284,895 24 $10,588,979 34 D . $304,084 19*
R atio o f expenses to
earnings.......................67-91 p ercen t. 73-69 per cent. D .5 ‘78 p. cent
Gross earnings o f the P ittsburgh Cincin
nati Chicago & St. Louis R a ilw a y ....... $15,144,484 84
O perating expen ses.............. ....................... 10 ,2 8 4 ,8 9 5 2 4
N et earnings..............................................................................$4,859,589 60A d d :—
General interest..........................................
$6,967 52
Interest on investm ents..........................
18,203 90
----------------------- 2 5 ,1 7 1 4 2
T otal net revenue for 1 8 9 7 ....
..........................................$4,884 ,761 02"
T ota l n et revenue fo r 1 8 96...................................................... 3,850,049 72
In crea se.................................................................................$1,034,711 3 0
F rom the above net revenue fo r 1 8 9 7 ___
D educt paym ents as follow s:—
Interest on consolidated m ortgage 4 ^
per cent b o n d s ...........................................
Interest on consolidated m ortgage 4 per
cent b on d s....................................................
Interest on bon ds o f P ittsburgh C incin
nati & St. Louis R ailw ay C om pan y___
Interest on bon ds o f Chioago St. Louis &
P ittsburgh R ailroad C o m p a n y ............
Interest on bonds o f Jeffersonville M adi
son & Indianapolis R ailroad C om pany.
P aym ents under Car Trust contracts, in
cluding interest, & c...................................
Interest on m ortgages and ground rents.
R ent o f Steubenville E x ten sion ................
R ent o f Lake E rie & W estern R ailroad
betw een Indianapolis and K okom o,
Ind............ - ....................................................
R ent o f Little Miami R ailroad betw een
R endcom b Ju n ction and Cincinnati,
O hio................................................................
R ent o f Cincinnati H am ilton & D ayton
R ailw ay betw een H am ilton and New
R iver Ju nction , O h io.................................
...................... $4,884,761 0 2
$990,000 00
240,000 00
630,410 00
364,120 00
278,722 50
34,052 19
9,000 00
68,518 6 4
24,066 7 2
22,200 0 0
4,996 2 0
----------------------
2,666,116 25*
Net profit fo r 1 8 9 7 ..................................................................... $2,218,644 7 7
Net profit fo r 1 8 9 6 .................................................................... 1 ,1 8 1 ,2 5 1 9 8
In crea se................................................................................. $1,037,392 7 9
To the above profit fo r 1 8 9 7 ................................................ . $2,218,644 77
A pr il 16
THE
1898. |
B rought f o r w a r d ...................................... ---•
A dd net earnings o f other lines oper
ated b y your Company, or in its i n
terest, the details o f w h ich are stated
hereafter, v iz.:—
Ohio Connecting R ailw ay............................
Chartiers R a ilw a y ...............................- - .......
W aynesburg & W ashington R ailroad ----Pittsburgh Chartiers & Y oughiogheny
R a 'lw a y ...........................................- - - - —
P ittsburgh W heeling & K entucky R R ....
L ittle Miami R a ilro a d ..................................
CHRONICLE.
$2,218,644 77
$58,702 99
120,129 13
13,059 21
33,649 50
67,138 94
475,981 16
768,660 93
$2,987,305 70
F rom w h ich deduct paym ents as follow s:
R ent o f Ohio Connecting R a ilw a y ............
R en t o f Chartiers R a ilw a y ..............--........
N et earnings o f W aynesburg & W ashing
ton R ailroad.....................- - - - - - - - - ........ N et earnings o f Pittsburgh Chartiers &
Y oughioeh eny R a ilw a y ..........................R en t o f P ittsburgh W heeling & K en
tu ck y R ailroad ...........................................*
R ent o f Little M iam i R ailroad ............ .
Interest on Cincinnati Street C onnection
R ailw ay b o n d s............................. .
E xtraordinary expenditures in elevating
tracks in Chicago, 111., and other im
provem ents and additions n o t p rop erly
chargeable to capital a cco u n t................
Five-sevenths loss in operation o f St.
Louis Vandalia & Terre Haute R R .......
Cash advanced C incinnati R ichm ond &
F ort W ayne Railroad C om pany to pay
interest on b on d s........................................
P rop ortion o f loss in operations o f the
L ouisville Bridge C om p an y.....................
$58,702 99
120,129 13
13,059 21
33,649 50
67,138 94
675,126 56
31,500 00
528,367 25
117,271 24
9,259 22
16,132 62
------------------
1,670,336 66
Surplus on all lines operated fo r 1 8 9 7 .................................$1,316.969 04
Surplus on all lines op era ted fo r 1 8 9 6 ................................
429,149 15
Increase as com pared w ith 1 8 9 6 ....................................
$887,819 89
Surplus o f in com e on all lines fo r the
year 1 8 97..................................................... $1,316,969 04
B alan ce to credit profit and loss accoun t,
848,092 38
D ecem ber 31st, 1 8 9 6 ................................
---------------------- $2,165,061 42
D educt—
312,227 90
A m ou nt paid in settlem ent o f sundry old accoun ts
B alance to credit profit and loss, D ecem ber 31st, 1897.. $1,852,833 52
Statement showing the conversion o f stock and the exchange
and retirement o f bonds during the year 1897, and the
amount o f each outstanding at the close o f the year. J j
BONDS.
9 first m ortgage 7 p er cen t registered bon ds o f the
Pittsburgh Cincinnati & St. Louis R ailw ay Com pany
o f $1,000 each were issued in ex ch an ge fo r a like
num ber and am ount o f cou p on bonds secured b y the
same m ortgage, retired and c a n c e le d .............................
Through the operations o f the sinking fu nd fo r the re
dem ption o f the first m ortgage 7 p ercen t bon ds o f the
Jeffersonville M adison & Indianapolis R ailroad Com
pany, 16 7 o f sucu bonds w ere retired and c a n c e le d ...
763
$ 9 ,0 0 0 0 0
167,000 OO-
Bonds outstanding December 31st, 1897 :
P ittsburgh Cincinnati & St. Louis R ailw ay Com pany
first consolidated m ortgage seven per cen t cou p on
bonds, due 1 9 00................................................ .................... $2,060,000 0 0
P ittsburgh Cincinnati <fe St Louis R aiiw ay Com pany
first consolidated m ortgage seven per cen t registered
4.803.000 OObon ds due 1 9 0 0 ............................. ........................................
Colum bus & Indianapolis Central R ailw ay Com pany
2.631.000 0 0
first m ortgage seven p er cent bonds, due 1 9 04............
Colum bus & Indianapolis Central R ailw ay Com pany
780.000 00
second m ortgage seven per cent bonds, due 1904. . .
U nion & L ogansport Railroad Com pany first m ortgage
715.000 OO
seven per cent bonds, due 1905 ........................................
Jeffersonville M adison & Indianapolis
R ailroad Com pany first m ortgage seven
per cent bonds, due 1906..........................$2,943,000 00
Less 1,062 bon ds in sinking fu nd ......... 1,062,000 00
1,881,000 00'
Jeffersonville M adison & Indianapolis R ailroad Com
pany second m ortgage seven per cent bonds, due 1910 1.995.000 00SteuDenville & Indiana R ailroad Com pany first m ort
gage (extended) five per cent registered bonds, due
3.000.
000 00'
1914...........................................................................................
Chicago St. Louis & Pittsburgh R ailroad Com pany con
solidated m ortgage five per cent coupon bonds, due
1.290.000 00
1 9 32...........................................................................................
Chicago St. Louis & P ittsburgh Railroad C om pany con
solidated m ortgage five per cent registered bonds,
216,000 OO1
due 1 9 32...................................................................................
Pittsburgh Cincinnati Chicago & St. Louis R ailw ay Com
p any consolidated m ortgage fou r and one-half per
000 OO*
cent bonds, series “ A ,” due 1 9 1 0 ...................................... 10.000.
P ittsburgh Cincinnati Chicago & St. Louis R ailw ay
Com pany consolidated m ortgage fou r and one-half
10.000.
000 0 0
per cent bonds, series “ B,” due 19 42........................ .
Pittsburgh Cincinnati Chicago & St. Louis Railw ay
C om pany consolidated m ortgage fou r and one-half
000 00>
p er cent bonds, series “ C,” due 1 9 42.............................. 2.000.
Pittsburgh Cincinnati C hicago & St. Louis R ailw ay
Com pany consolidated m ortgage fou r p er cen t bonds.
series “ D ,” due 1 9 4 5 ...................................$6,000,000 00
Less 137 bonds in sinking fu n d .......... .
137,000 00
5,863,000 OO
T otal bonds outstanding D ecem ber 31st, 1 8 9 7 .........$ 47,234,000 0 0
The tonnage transported was 11,729.877 tons, against 1 0 ,835.828 tons in 1896. an increase of 894,049 tons, tne greater
nortion tnereor oeing _r. tae uarou?- » r?,.—
lilfe areest
. uems or increase wer 2
oux. cotton, fruits and vegeiSvc .o ; "ruse -lin e o u s agricultural products and animal ;
"ror.-acts, bituminous coal, stone, sand, lumber, pig and
_n excnanare 10: —
bloom iron, iron and steel rails, bar and sheet m etal, cementand brick, agricultural implements, wines, liquors and
nnaf'i
<auis rvanway
beers and miscellaneous manufactures. The largest items
Com pany at $50 e a ch ................... .
$13,300 00
of decrease were dressed meats, coke, ores, petroleum and.
4*g shares com m on stock Steubenville
& Indiana R ailroad Com pany at
its products, and merchandise.
$50 each............... ............. .................
225 00
There-was an increase in freight earnings of 9 2-100 per
88*11 shares com m on stock C hicago St.
cent, or $877,574 89. The average rate received was 6 3-10
Louis <te P ittsburgh R ailroad Com
p any at $100 e« ch . . ........................
8,850 00
m ills, a decrease of 2-10 m ill as compared with 1896, but95 shares preferred stock Chicago St.
there was a decrease in the cost o f movement of 6-10 mill,,
Louis & P ittsburgh R ailroad Com
the net profit being 1 9-10 mills per ton per mile, an increase
pany at $100 e a ch ............................
9,500 00
$31,875 00 of 4-10 m ill. There was an increase of nearly 13% Per centA lso under the agreement fo r reorganization o f the Col
in the ton mileage, divided between the local and through,
um bus Chicago & Indiana Central R ailw ay Com pany,
traffic.
in exchan ge fo r 1,500 shares o f com m on stock o f that
75,000
00
There were carried 5,371,754 passengers, as compared w ith
oom p a n y ....................................................................................
5,555,450 in 1896, a decrease of 183,696, mainly in the local
T ota l exch an ged ....................................................... $106,875 00
travel. There was a decrease in mileage of about 8% p er
cent, and in revenue of 4 69-100 per cent, or $158,837 81.
F or w h ich stock o f the Pittsburgh C incin
nati Chicago & St. Louis R ailw ay Com
There were 13,058 tons of new steel rails and 445,538 ties,
pany w as issued as follo w s:—
used in renewals during the year, and in addition 1,583 tonsCom m on sto ck .......................... i ....................
$87,016 69
of new and partly-worn steel rails and 33,851 ties in the conP referred sto ck ..............................................
19,858 31
T otal issued during 1897............................ .................
$106,875 00 stiuction of second track, new sidings and yard tracks.
Ninety-seven miles were ballasted with gravel, 4 with stone
Stock o f the Pittsburgh Cincinnati Chic
and 32 with cinder. The work of closing the second track
ago & St. Louis R ailw ay Com pany
on the Pittsburgh Division between Fernwood and Miller’s,
outstanding D ecem ber 3 ls t , 1897: —
244,346 shares com m on stock at $100
was completed, 8 17-100 additional miles being put in opera
ea ch ................................................................. $24,434,600 00
tion, thus completing the double track from Pittsburgh to a.
Comm on stock scrip .........................
i , 710 56
---------------------- $24,436,310 56
point west of Dennison.
The entire increase in second
226,691 shares preferred stock at $100
track, sidings and branches was 12 64-100 miles.
ea ch .................
$22,669,100 00
A number of light iron bridges on the different divisions,
Preferred stock scrip ...... ..............
2,926 37
---------------------- 22,672,026 37 were renewed by new steel structures, and considerable re
pairs made to trestles and wooden bridges at various points.
$17,108,336 39 N ew interlocking plants were completed at the Dayton <fc
i. i j <^constituentcom paniesoutstandMichigan crossing east of Piqua, at the joint crossing w ith
j f D ecem ber ,31st, 1897:—
the Chicago Terminal Transfer, Chicago Ham m ond &
678 shares com m on stock Pittsburgh
Cincinnati & St. Louis R ailw ay
W estern, and Chicago & Eastern Illinois Railways, at D ol
$33,900 00
C om pany at $50 e a c h .......................
ton on the Chicago Division, and at Jeffersonville, to pro
1,7188382 shares com m on stock Steuben
tect the crossings with the Cleveland Cincinnati Chicago &.
ville & Indiana R ailroad Com pany
85,944 66
at $50 e a c h ............................ .........
St. Louis and the Baltimore & Ohio Southwestern Lines.
59 shares preferred stock Steubenville
Sm all stations were erected at Unionport, Ohio, and at
& Indiana R ailroad C om pany at
Sixteenth Street. Chicago; but the only important work in.
2,950 00
$50 each ...................................... .........
t:iis connection was the completion of the new Union Sta
5,25817, shares com m on stock Chicago
St. Louis & Pittsburgh R ailroad
tion at Columbus, Ohio. The old structure was remodeled
525,817 00
C om pany at $ 1 0 0 e a ch ................. .
and lengthened to serve as a train shed, and a new and
1175262 shares preferred stock Chicago,
handsome building erected to the south thereof, w ith com
St. Louis & P itt-bu rgh R ailroad
11,752 62
C om pany at $100 each ............
modious waiting rooms on a level with the H igh Street
54 shares com m on stock Jeffersonville
Viaduct, and with the baggage, m ail, express, and telegraph,
M adison & Indianapolis R ailroad
rooms on the basement floor on a level with the tracks.
5,400 00
Company at $100 each .......................
-----------------665,764 28 Ready access is furnished to the trains by means of a bridgeextending from the waiting rooms over the tracks, w ith
T otal stock outstanding Decem ber 31st, 1 8 97.......... $47,774,101 21
stairways leading to the platforms; and a subway system is.
STOCK.
3$»
’l
There was issued during the year 1897. under the agree
m ent of consolidation, in exchange for stock of the constit
uent companies, stoeK o±. m e r'lccsourrc O m cm n at: Chic
ago 06 oc. _joOx&.'¿ ..w a y Coronary, as snown Deiow. viz.:— "m
7H4
THE
CHRONICLE.
also provided for incom ing passengers and for the accom mo
dation of any extraordinary influx of travel.
Under the ordinance passed by the City Councils o f Chi
cago, June 11th, 1896. the track in that city was elevated
between Ogden and W estern Avenues a distance of nearly
two miles thus dispensing with a number of grade cross
ings, and eliminating a fruitful source o f expense and peril.
O n the north end of the ( hicago Division the grades have
been revised, so as to reduce the m axim um between Logansport and Chicago to 3-10 o f 1 per cent and increase the train
load from 20 to 30 per cent.
Various changes were made in the passenger equipment
through the filling of vacant numbers by combined baggage
and passenger cars and postal cars, there being no change,
however, in the aggregate number o f cars in service. There
w as an increase in the box car equipment of 500 cars, through
the final payment of the certificates of Series B of the Penn
sylvania Equipment Trust. Two hundred and eleven cars
were destroyed during the year and 134 rebuilt. There were
5 engines sold and 7 condemned, the vacancies being only
partially filled by 5 new Mogul engines built at Altoona.
There was a largely increased movement of freight traffic
over all the divisions, and in the interchange with connect
ing roads, due to the revival of m anufacturing and other
industries, and to the heavy m ovement of grain that pre
vailed during the latter half of the year.
Y ou r line was again visited by heavy floods, the most
serious being those occurring in the early part of March,
which temporarily closed all but the Chicago Division. The
Louisville Division was badly washed, and also the Cincin
nati Division, where 20 miles of track were under water.
The aggregate amount o f damage was about $100,000.
The traffic of the line was also seriously interfered with
b y the coal strike, which began on the 1st of July and con
tinued until the middle o f September, resulting in the al
most complete discontinuance during that period of ship
ments from the mines on the Pittsburgh Division.
OHIO CONNECTING R A IL W A Y .
This road, which is 3 27-100 miles long, including the
bridge over the Ohio River, connects your system with the
.Northwestern System of lines operated by the Pennsylvania
Company.
E a r n in g s .
1897.
T olls on freig h ts___$102,147 60
T olls on passengers
64 16
1896.
$ 8 3 ,2 3 1 4 0
239 00
Increase.
$18,916 20
............
T o ta ls.................. $102,211 76
$83,470 40
$18,741 36
Decrease.
$174 84
E xpen ses.
1897.
M aint, o f w ay and
structures. $34,098
C on d u ctin g trans
p ortation ____ . . . .
G en eral ex p e n se s..
T a x es.........
3,010
29
6,395 57
466
25
Totals...... ........... $4 3,: 08 77
1896.
Increase.
$10,908 98
$23,189 31
5,571 48
824 09
4 66
$23,648 68
N e t E a r n in g s .
1897.
$58,702 99
Less ain’t expended
on accoun t o f re
new al o f brid ge..
1,814 29
$56,888 70
1896.
$63,610 31
Increase.
............
Decrease.
$4,907 32
$1,814 29
$63,610 31
The average rate received per ton per mile was 5-10 m ill
more than in 1896, and the cost decreased 3 3-TO mills, the
net profit bein g 7 8-10 mills. There was a fair increase in
the volume of stone, sand, bar and sheet m etal, cem ent and.
brick, and miscellaneous manufactures, and a decrease in
the items of bituminous coal, lumber, pig and bloom iron,
castings and machinery and merchandise.
There was a
slight decrease in the number of passengers carried. The
increase in the passenger mileage was 3 69-100 per cent, but
there was no substantial increase in the gross revenue
therefrom.
There were 153 tons of new steel rails and 9,941 ties used
in renewals and 59 tons o f new and partly worn steel and
747 ties used for other purposes. There was an increase of
about one-fifth of a mile in the length o f track.
W AY N E SB U R G & W ASH ING TON R A IL R O A D .
This is a narrow-gauge road extending from W ashington,
Pa., to W aynesburg, Pa. Total length, 38*15 miles.
E a r n in g s .
1897.
F reig h t........................ ....$ 2 5 ,9 9 5 63
P assen gers........................ 32,161 67
E x p ress.............................. 1,686 20
M ails................................... 2,468 48
M iscellaneous..................................
n ota is..
C H A R T IER S R A IL W A Y ,
This road extends from Carnegie, P a., on the Pittsburgh
Cincinnati Chicago & St. Louis Railway, to W ash ington ,
P a., a distance o f 22*76 miles, and by use of the Chartiers
Connecting Railroad, 72-100 mile in length, connects at the
latter point with the W aynesburg & W ashington Railroad.
Leased to Pittsburgh Cincinnati Chicago & St. Louis
Railway Company.
E a r n in g s .
T otals...................$298,423 47
$277,523 43
$20,900 04
¡E a r n s .p e r m .o fr d .. $12,709 69
$11,819 57
$890 12
...... T o ta ls .'...............$157,196 82
R a tio o f ex. to earns.
52*68 p. o.
1896.
$40,580 98
23,200 51
97,695 28
1,325 91
1,766 26
Decrease.
$259 00
166 58
Increase.
1897.
1896.
Main, o f w ay & s t r u c t ...$18,724 43 $1 7,14 9 21
M aintenance o f e q u ip ... 5,680 51
4,427 35
C onducting trSnsport’ n . 18,077 12
18,292 73
General ex p e n se s. ........
2,502 84
1,795 50
T a x e s...................... .
806 37
797 49
T otals
L e ss hire o f equip
m en t........................
$1,856 90
150 47
32 79
$7,372 12
59-30 p. e.
6*62 p. o
Increase.
$28,272 16
21,097 52
18,983 21
2,114 31
$ 1 2 0,1 ^ 9 13
$ 9 3 ,9 7 1 2 8
$26,157 85
Decrease.
, There was an increase in th.8 gross earnings and a slight
decrease in the expenses, the net earnings being increased
$36, ¡57 85. The tonnage for the year was 1,689,070 tons, as
com pared with 1,680,836 tons for 1896, a gain of 8,334 tons.
$45,791 27 $42,462 28
Ratio o f exp. to earn’ gs..73*49 p. o.
75*11 p. o.
Net earnings
$14,068 50
$16,520 71
Increase. Decrease.
$1,575 22
.............
1 ,2 5 3 1 6
.............
............
$215 61
707 3 4
.............
............
8 88
$3,323 89
1*62'p. e.
$2,452 21
There was an increase in both the gross earnings and the
expenses, the net increasing $3,453 31. The volume o f
freight traffic increased 13 81 100 per cent, the largest item s
thereof being live stock and lumber. The mileage increased
11 36-100 per cent. There was an increase in the rate re
ceived per ton per mile and in the cost of m ovem ent, but
the net profit increased 1 9-10 mills. The number o f passen
gers carried increased about 4 per cent, and there was an
increase in the net profits o f 6-10 m ill per passenger per
mile.
Extends from the Ohio River at a point below Brunot’s
Island, and from a connection with the Pittsburgh & Lake
Erie Railroad near that point, to a connection w ith the
Chartiers Railway south of Carnegie, Pa., and from W o od ville, on the Chartiers Railway, to Beadling and Beechm ont,
having an aggregate length of 15 74-100 miles. It has track
age rights over 1 40 100 miles of the Chartiers Railway.
The road is jointly owned by the Pittsburgh Cincinnati
Chicago & St. Louis Railway and the Pittsburgh & Lake
Erie railroad companies.
E a r n in g s .
1897.
$11,707 14
136,816 15
8,374 77
748 17
293 90
1,062 30
771 60
1896
$8,747 49
175,320 44
11,168 91
918 30
292 40
772 92
599 51
T o ta ls ................. !$159,774 03
$197,849 97
$38,075 94
$11,543 17
$2,221 46
M erch andise............
C o a l............................
P assen gers...............
Rent o f p ro p e r ty ...
M iscellaneous...........
Earns, p .m . o f road .
$9,321 71
increase.
$2,959 65
Decrease.
$38,504 29
2,794 14
200 13
1 50
289 38
172 09
E xpen ses.
1897.
M aint.ofway& struo. $14,170 29
Maint. <?f equipm ’ t .. 25,547 47
C onduot’g transp’rt. 39,591 09
5,773 66
General e x p e n se s...
4,818 92
1896.
$21,908
18,556
46,550
5,607
3,873
Increase.
58
19 $6,991 28
06
166 61
05
65
945 27
$89,901 43
$96,495 53
R atio o f expenses to
earnings................. 56*27 p. c.
48 77 p. 0.
T o t a ls .................
Decrease.
$9,255 04
157 24
$164,568 94
1896.
$112,954 49
$205 37
Decrease.
$7,738 29
6,958 97
$6,594 10
7*50 p. o.
.............
Increase.
Decrease.
$31,481 84
N e t E a r n in g s .
N e t E a r n in g s .
1897.
$141,226 65
$2,003 20
E xpenses.
E xpen ses.
1897.
M aintenance o f w ay
and stru ctu res___ $31,325 94
Main, o f equipm ent. 23,043 27
-Conducting tra n sp .. 99,552 18
General e x p e n s e s ...
1,476 38
T a x e s..........................
1,799 05
«70 «pOOjüOU / Ö $5,781 20
E arn’gs per m ile o f road. $2,213 57
$6,721 61
1897.
1896.
Increase.
F reigh ts.................... $154,947 03 $134,553 03 $20,394 00
Passengers............ . 132,212 72
131,999 72
213 00
E x p re ss............
4,574
79
4,833 " 9
M ails..................
‘¿ ,746
22
2,514 84
231 38
R ent o f railw ay, &o.
2,973 60
2,973 60
•Other ren ts................
487 24
............
487 24
M iscellaneous...........
48187
648 45
.
1896.
Increase. D eci’ease.
$21,989 03
$4 .006 60
30,515 23
1,646 44
1,566 68
119 52
2,455 88
12 60
3 96
.............
$3 96
PITT SB U R G H C H A R T IE R S & Y O U G H IO G H E N Y R A IL W A Y
$369 38
3,379 63
$19,860 09
Decrease.
[ V o l . L X V I,
18 97.
$69,872 60
Less rent Chartiers
R ailw ay betw een
Carnegie & B ow er
Trill
__ ..............
1896.
$101,354 44
2,973 60
2,973 60
$66,899 00
$98,380 84
$31,481 84
The tonnage transported was 969,469 tons, as compared
with 1,195,138 tons in 1896. a decrease of 335,669 tons, or
18*88-100 per cent, entirely in bituminous coal. There was
a decrease of 34*3-100 per cent in thé ton mileage and
19*31-100 per cent in the revenue. There was an increase
of 1 m ill in average earnings per ton per mile and an increase
o f 1 5-10 mills in the cost of management, the net result
being a decrease of 5-10 m ill in the net profit. There was a
large decrease in the volume of passenger traffic, owing to
the trolley competition, and the traffic was carried at a los.
of 6 9-10 m ills per passenger per mile, as compared w ith
profit in 1896 of 3 8-10 mills
THE
A p r i l 16, 1<8 »8.J
765
CHRONICLE.
P ITT S B U R G H W H E E LIN G & KE N TU CK Y R A IL R O A D .
Extends from W h eelin g Junction, W . V a ., on the Pitts
burgh Cincinnati Chicago & St. Louis Railway, to W heeling,
W . V a ., w ith an extension from the latter point to Benwood,
W . V a . Total length, 28 04 miles.
Leased to the Pittsburgh Cincinnati Chicago & St. Louis
R ailw ay Company.
E a b n in g s .
The net earnings for 1997 w ere.................................................. $413,157 5i>
Interest on investm ents, A c ........................................................
62,823 5 7
T otal n et revenue fo r 1 8 97....................................................$ 4 7 5 ,9 8 1 1 6
Against which were charged : —
One year’ s ren t o f r o a d ............................. . ..........$662,626 56
One year’ s interest on bon ds o f C incinnati
Street C onnection R ailw ay...............................
31,500 00
Interest on m ortgages and ground r en ts......... 12,500 00
------------------- 706,626 5 6
Increase. Decrease.
1897.
1896.
................
$304 56 Net loss fo r 1 8 97............................................................................. $230.645 40
F reigh ts................ $151,343
82 $151,648 38
............. Net loss fo r 1 8 9 6 ...................................................................... .
P assengers........... 73,304
18
70,516 57 $2,787 61
305,895 56
2119
.............
E x p re ss......................
6,118 96
6,097 77
28214
.............
3,313
46
3,031 32
M ails......................
$75,250
16
D ecreased loss
1,252 36
.............
R en t o f railw ay, & c ..
8 ,8 8 1 7 6
7,629 40
.............
386 09
R e n to f other p rop erty
454 56
840 65
.............
493 37
The earnings increased $123,401 57 and the expenses in
153 93
647 30
M isce lla n e o u s............
T otals..................... $243,570 67
E arnin gs per m ile o f
roa d ............................
$240,411 39
$3,159 28
$8,573 89
$112 65
$8,686 54
Expen ses.
1897.
Maintenance o f w a y
and
mu rstru ctu res. . $ 4 3 ,3 3 1 1 4
Maint, o f eqi
. 21,065 34
C onducting
. 82,942 73
2,453 74
G eneral e x p e n s e s .. .
7,303 01
T axes...........................
.$157,095 96
)
. 64*50 p. 0.
1896.
Increase.
$44,476 14
21,087 84
84,081 07
2,211 85
7,290 21
Decrease.
$1,145 00
22 50
1,138 34
$241 89
12 80
$159,147 11
$2,051 15
66*20 p. 0.
1*70 p. 0.
N e t E a b n in g s .
Less hire o f equ ip
m e n t.................
$86,474 71
$81,264 28
$5.210 43
.............
19,335 77
17,343 50
1,992 27
.............
$67,138 94
$63,920 78
$3,218 16
..............
The gross earnings of the road increased $3,159 28, or about
13*} per c e n t; the expenses decreased in about the same
ratio, and the net earnings increased $3,218 16, or about 5
per cent.
The aggregate tonnage was 783,505 tons, as compared with
741,223 tons in 1896, an increase of 42,282 tons, or 5 7-10 per
cent. The principal items of increase were bituminous coal,
coke, ore, stone, sand, lumber, cem ent, brick, agricultural
implements and miscellaneous m an u factu res; and the
largest items of decrease were manufactures o f iron and
bar and sheet metal. There was about the same gross reve
nue from the freight traffic, and the net profit per ton per
m ile shows an increase over the preceding year of 8-10 m ill.
The number of passengers carried shows an increase of
8,312, or about 5 % per cent. The average earnings per pas
senger per mile were the same, but the cost increased 6-10
m ill, the net profit being 3 4-10 mills, as compared w ith 4
m ills in 1896.
There were 151 tons o f new steel rails and 14,545 ties used
in renewals, and 163 tons of new and partly-worn steel rails
and 3,151 ties used for other purposes. There was a slight
increase of 8-100 mile in the length of track. The road-bed
was improved by the filling of trestles at Boggs’ Run and
Benwood, and south of W h eelin g Creek Bridge.
is 2 35-100 miles long, and connects your line w ith the Pitts
burgh Fort W a yn e & Chicago Railway via 59th Street,
Chicago.
1897.
1896.
Increase. D ecrease.
Earns., freight tolls,& c. $20,894 50 $16,084 50 $4,810 00
E x p e n se s.......................... 10,133 23 . 11,665 23
............. $1,532 00
$4,419 27
$6,342 00
1,026 71
.............
$1,026 71
................$ 1 0 ,7 6 1 2 7
$5,445 98
$5,315 29
.............
LITT L E M IA M I R A ILR O A D .
Extends from Columbus, Ohio, to Cincinnati, Ohio, a dis
tance of 119*35 miles, w ith branches from X en ia, Ohio, to
Springfield, Ohio, 19*31 miles, and Xenia to Indiana State
line, near Richmond, Ind., 53*24 miles. Total length, 192
miles.
Leased to the Pittsburgh Cincinnati Chicago & St. Louis
R ailw ay Company.
E a r n in g s
1896.
Increase.
$933,737 06 $102,306 69
558,198 72
66,161 73
25,289 11
114,875 84
34.994 12
27,234 85
20,045 94
22,946 97
T ota ls................$1,874,361 95 $1,750,960 38 $123,4C1 57
Earns, p.m . o f road .
1,762 30
$9,119 59
$642 71
E xpen ses.
1897.
M aintenance o f w ay
and stru ctu re s... $292,435 68
Main, o f equipm ’ t . 240,727 49
C onducting trans
p o rta tio n .............. 819,712 39
General e x p e n se s..
36,451 18
T a x e s ....... U ..........
71,877 62
1896.
Increase.
$241,371 33
234,488 13
$51,064 35
6,239 36
829,593 68
38,634 85
71 ,690 34
187 28
T otals . . . . . . ...$ 1 ,4 6 1 ,2 0 4 36 $1,415,778 33 $45,426 03
R a tio o f expenses
to e a r r in g s..........
77*96 p. c.
80*86 p. c.
.............
Earnings and Cost per ton.and passenger per mile fo r the
years 1897 and 1896.
r-Pitt 8.C.C—.r-Char—, r -P ittsb s r-Little—>
& St L.Ry.&
tiers
W . & K y . M iam i
r-A.ver-^
Earnings per t o n ....... cts.
Cost per ton...... ........ cts.
Profit per t o n ............. cts.
Earns, per passenger.cts.
Cost per passenger.. .cts.
Profit per passenger.cts.
Branches. Railway. Railrjad. Sailroad.
age.
1,131-01
23^48
28-04
192
i£ Q 4'S3
1897. 1896.1897.1896.1897.1896. 1897.1896.1897.18960*63 0*65 1*67 1*62 0*97 0*99 0*82 0*S9 0 65 0*68
0*44 0*50 0*89 1*11 0*60 0*65 0*63 0*73 0*45 0*52
0 1 9 015 0*78 0*51 0*37 0*34 0*19 016 0*20 0*16
205 2*08 2*11 2*18 2*60 2*60 1*79 1*90 2*01 2*06
1*92 2*00 1*31 1*31 2*26 2 20 V19 2*28 1*95 2*03
0*i3 0 *0 a 0*S0 0*87 0*34 0*40 *0*40 *0*33 0*06 o-os
* Loss.
A L L ROADS O PE R AT E D D IR E C TL Y OR IN D IR E C T L Y .
Net earnin gs............ $10,761 27
R efu nded accoun t e x
penditures 1895...............................
1897.
F re ig h t....................$1,036,043 75
P assen gers.............. 553,399 23
E x p r e s s ............
61,683 95
M a lls ......................... 140,164 95
R en t o f railw ay,A c.
62,228 9 7
R en t o f oth. p rop ’y.
3,930 76
M iscellaneou s.........
16,910 34
ROADS O PE R AT E D D IR E C T L Y B Y T H E P ITT S B U R G H CINCIN
N A T I CHICAGO & ST. LOUIS R A IL W A Y COM PANY
L e n g th o f ro a d , m ile s .
T H E ENGLEW OOD CONNECTING R A IL W A Y
P rofit.
creased $45,426 03, the net earnings from operation showing
a gain o f $77,975 54.
The tonnage carried was 1,522,718 tons, as compared with
1,307,803 tons in 1896, an increase of 214,915 tons, or 16 43-100
per cent. There was a large increase in the items of grain,
cotton, live stock, bituminous coal, coke, pig and bloom
iron, iron and steel rails, bar and sheet metal, and miscel
laneous merchandise ; and a decrease in miscellaneous agri
cultural products, anthracite coal, ores, lumber and cem ent
and brick. The average rate received per ton per mile was
7-10 m ill less than in 1896, but the cost decreased 1 m ill, th e
net result being a profit of 1 9-10 mills, as compared w ith
1 6-10 m ills in 1896.
The number o f passengers carried in 1897 decreased 5
56-100 per cent.
The average earnings decreased 1 1 -1 6
mills, and the cost 9-10 m ill per passenger per m ile, the re
sult being an increased loss o f 2 10 m ill, as compared w ith
1896.
There was but a trifling expenditure on capital account
through the purchase o f real estate at Xenia and Cincinnati,
amounting to $1,023 30.
There were 1,754 tons of new steel rails and 81,735 ties
used in renewals, and 103 tons of new and partly worn steel
rails and 848 ties in the construction of yard tracks, sidings,
& c. The second track was completed from H igh Street to
Scioto River Bridge at Columbus, a distance o f about half a
m ile. There were 39% miles ballasted w ith gravel.
The condition o f the equipment is about the same as for
the preceding year, 3 engines having been condemned and
replaced by standard equipment.
The shops at Pendleton were consolidated and the m ain
tracks and buildings re located in connection therewith, so
that the work of repairing cars and handling engines at that
point has been cheapened and facilitated.
Statement of average earnings, cost and profit per ton
and passenger per m ile, for the year ending December 31st,
1897, compared w ith the year 1896:—
Statement o f Average Earnings, Cost and Profit per ton and
Passenger per mile for the Years 1897 an i 1896
1897.
Earning per ton , c en ts..... ..... ................................
0*68
Cost per ton, c en ts................................................................... 0 46
Profit per ton, c en ts............ .............
,.0*20
Earnings per passenger, c en ts.............................................. 2*02
Cost per passenger, c e n t s .....................................................1*95
Profit per passenger, c e n ts .....................................................0*07
1 8 960*69
0*52
0*17
2 ;07
2*03
0*04
G E N E R A L REM A R K S.
It will be seen that the revenues of the entire system show*
a marked increase for the year, and that a reduction in ex
penses has contributed toward the gain of $1,144,052 02 in
net results, as compared with 1898. This gain accrued en
Decrease. tirely during the latter portion of the year, as the traffic on
your railway reflected, up to the month of July, the depres
$4,799 49 sion in m anufacturing and commercial industries that pre
4,477 78
vailed throughout the country. From that tim e forward,
however, there was a notable improvement, and with re
16,115 18 turning prosperity your Company was able not only to
6,036 63
show satisfactory financial results, but also to make the e x
penditures absolutely necessary to enable your lines to carry
traffic at a profit under the exceptionally low rates that
prevailed throughout the year.
The tonnage shows a substantial increase over 1896, the
Decrease. aggregate being 16,710,029 tons as compared with 15,774,351,
a gain of 935,678 tons. The ton mileage shows an increase
of 13 57-100 per cent
The passenger traffic shows a con
tinued decrease, the loss in volume being 259,101 passengers
$9,881 29 and the decrease in the mileage 1 79-100 per cent. The
2,183 67
average rate per ton per mile was but 6 6-10 mills, a decrease
of 3-10 of a m ill as compared with 1898, but the cost having
decreased 6-10 of a m ill, the profit was 2 mills as against
1 7-10 mills for the preceding year. The average earnings
per
passenger per mile sho w a reduction of 5-10 of a mill,.
2*90 p . C.
766
THE
CHRONICLE.
Rut through decreased cost the profit for the year was 7-10
•of a m ill as against 4-10 of a m ill for 1896.
Your attention is specially called to the steady increase in
the volume o f taxes collected from your properties by State
.and municipal authorities, and to the fact that in m any
cases the basis o f such taxation is unjust and m uch in ex
cess o f that applied to adjacent individual property. Not
o n ly this, but the policy of abolishing grade crossings in the
large cities located upon your lines, while essential tojsafety,
necessarily involves a heavy outlay, which cannot prudently
be m et by an increase of capital account, and becomes,
therefore, a charge upon your current revenues. This is
notably the case in the city of Chicago, where, under recent
ordinances, your Company was compelled to elevate its
tracks, at a large expense, between W estern and Ogden
avenues.
There were but slight changes in your funded debt during
the year, the only item of note in connection therewith
being the retirement of $167,000 of first mortgage 7 per
cent bonds of the Jeffersonville Madison & Indianapolis
Railroad Company through the operation o f the Sinking
Fund. No further redemptions could be made of your con
solidated mortgage bonds, under the terms of the trust.
The reconstruction of the U nion Passenger Station at
Columbus, Ohio, referred to in the last report, was practi
cally completed on the 2d of July, 1897, and through the
facilities thereby furnished the large traffic at that point is
now satisfactorilly served. The bridge over the Ohio River
at Cincinnati was also completed May 22d, and fu lly pro
vides for the rail, trolley and highway traffic.
• Your Board have with great regret to record the death of
Mr. John E. Davidson, one of your executive officers, on the
eleventh day of July last Mr. Davidson had been connected
with your system since 1871, had been Assistant Comptroller
o f the Company from 1875 to 1883, and its Treasurer from
that date until May 1st, 1891, when he became Fourth V iceRresident. In September, 1893, he was elected Third V icej?resident and performed the responsible duties of that posi
tion until his death. A s the head of the Accounting and
Treasury Departments and specially charged with the super
vision of the corporate affairs and finances o f your subsid
ia r y lines, he gave to your interests faithful and devoted
.service, and earned the full confidence and affectionate re
gard of his associates. The minute adopted by the Board in
regard to his death is published with this report,
u'; Mr. Joseph W ood was elected Third Vice-President and
Mr. Am os R. Little a Director September 21, 1897, to fill the
vacancies created by Mr. Davidson’s death.
Mr. W illiam Stewart having resigned as Freight Traffic
Manager on April 1,1897, Mr. D. T. McCabe was appointed
to succeed him , and Mr. J. B. H ill appointed General Freight
A g en t to fill the vacancy caused by Mr. McCabe’s promotion.
The operations of the Employes’ Voluntary Relief Depart
m ent continue to be very satisfactory, there having been
1,373 accessions to membership during the year, and but 93
deaths and withdrawals. The number of members leaving
the service was 1,472, so that the total membership at the
end of the year was 8,436, a net loss of 192, or 2-28 per cent.
The amount contributed by the members was $156,627 93 ;
the receipts from interest were $3,270 57 and the amount
contributed by the Companies in the Pittsburgh Cincin
nati Chicago & St. Louis Railway system was $29,195 33,
which, added to the balance on hand at the beginning of
the year, viz., $63,861 11, makes a total of $252,954 94. Out
o f this amount there was paid to families of members in
death benefits, and for sickness and accident, the sum of
$139,759 75, and for operating expenses $26,226 48, leaving a
balance of $86,968 71, from which should be deducted
$39,721 95 to cover amount of outstanding and unadjusted
claims, leaving a surplus of $47,246 76. O f the amount con
tributed by the lines in the. Pittsburgh Cincinnati Chicago
& St. Louis Railway system, as stated above, $26,226 48
was for the payment of operating expenses and $2,968 85 for
payment of extra benefits to members whose disability con
tinued over fifty-tw o weeks, and were therefore no longer
entitled to regular benefits from the Department.
During the year there were 6,277 benefits paid, viz.: 6.195
on account of sickness and accident and 82 death benefits.
The General Account, together with the usual traffic
statements, is hereto appended.
The Board takes great pleasure in acknowledging the
fidelity and efficiency of the officers and employes during
the past year.
By order of the Board,
F R A N K TH OM SON,
President.
[V o l. L X V I.
(K m u m e r c ia l
COMMERCIAL
S itu e s .
EPITOME.
F r i d a y N i g h t , A pril 15, 1898.
The extreme tension o f the existing relations between Spain
and the United States, and the growing impression that a
rupture is close at hand, has been the all-absorbing topic o f
the week. Merchants generally, owing to the unsettled situa
tion, have shown extreme conservatism in their negotiations,
and have confined their operations to positive requirements,
exclusive of such articles as coffee, teas, etc., in which busi
ness has been stimulated to some extent by the advices re
ceived from Washington reporting that plans were being for
mulated by the W a y s and Means Committee for increasing
the Government’s revenue should hostilities arise, and that
they included an import duty on the articles above men
tioned.
Lard on the spot has had only a limited sale, as the demand
from exporters has been quiet and refiners have been small
buyers; but as there has been no decided pressure to sell,values have held fairly steady, closing at 5 -4 2 ^ 0 . for prime
W estern and 5-15c. for prime City. Refined lard has been
quiet and easier, closing at 5 -65c. for refined for the Con
tinent. The speculation in lard for future delivery has been
less active and prices have weakened under selling by pack
ers. The close was steady.
DAILY CLOSING PRICES OP LARD PUTURES.
M ay d elivery ................. o.
Sat.
5 ‘52
Mon.
5-50
Tues.
5*52
Wed.
5-50
Thurs,
5-50
F ri.
5*50
Pork has had only a very moderate sale, but values have
held steady, closing at $9 75@10 for mess, $11 2 5 @ U 75 for
fam ily and $10 50@11 75 for short clear. Cut meats have
been steady and there have been rumors of a large business
transacted for export, closing at 6 @ 6 ^ c . for pickled bellies,
12@10 lbs. average, 7 ^ @ 7 % c . for pickled hams and 4 ^ c . for
pickled shoulders. Beef has had a fair sale and at firm prices,
closing at $9@9 50 for mess, $9 50@10 50 for packet. $10 50@
11 50 for family and $l6ra& 17 for extra India mess. Beef hams
have been steady at $28@23 50. Tallow has had only a lim
ited sale and prices have weakened slightly to 3 ^ c . Olio
stearine has been in moderate demand and steady, closing at
4% c. for prime City.
Lard stearine has been without
changes at 63^c. for City.
Cotton seed oil has advanced
slightly, closing at 2 2 ^ @ 2 3 c . for prime yellow. Butter has
sold slowly and the tone has been easier, closing at 17@21c.
for creamery. Cheest has been in fair demand and steady at
6 @ 8 ^ c . for State factory, full cream. Fresh eggs have been
steady at lOj^c. for choice Western.
Brazil grades of coffee have had a less active sale than last
week, and prices have weakened, Rio N o. 7 on the spot selling
down to 6J^c. A t the close, however, there was a more ac
tive market, and prices recovered to 6/^c. for Rio N o. 7. M ild
grades have been in only very moderate supply, and as de
mand has been fairly active, prices have advanced to 1 0 ^ c .
for good Cucuta. East India growths have had a fair job
bing sale at firm prices, closing at 241£c. for standard Java.
There has been only a limited speculation in the market for
cont racts, and for the week prices show no important changes.
The close was steady. Following are final asking prices :
A p ril.................... 6 iO o . ! J u ly .................5-75o. | O ct.................... 5-80o.
M a y ...................... 5-95o. |A u g ......................5-75o. N ov ..................... 5-85o.
J u n e.................... 5'75o. l Sept..................... 5-80o. | D e o .............
5-85o.
Raw sugars have been quiet and easier, closing at 4 1-16@
4J^c. for centrifugals, 96 deg. test, and 3 9-16@ 3% c. for musco
vado, 89 deg. test. R ein ed has declined M 6 @ ^ c . in prices
and business has been dull, closing at 5 3 16c. for granulated.
Other staple groceries have been firm.
Kentucky tobacco has been in moderate export demand
and firm. Seed leaf tobacco has been dull but steady. Sales
for the week were 695 cases, as follows : 150 eases 1896 crop
New England Havana seed, 18@40c.; 75 cases 1896 crop N ew
England seed leaf, 22@30c ; 150 cases 1895 crop Zim m ers,
1 6 @ 1 7 ^ c .; 170 cases 1893-95 crops, Pennsylvania seed leaf,
12@13c7, and 150 cases sundries, 6@16c ; also 350 bales H a
vana at 50c. to $1 05 in bond, and 50 bales Sumatra at 80c. to
$1 70 in bond.
A moderate volume of business has been transacted in the
market for Straits tin, and values have held steady, closing
at $14 40@14 50. Ingot copper has had only a moderate sale
— M . Charles W . Rosenberger, who for a number of years in the way of new business, but prices have held firm at 12@
has made Texas and other Southern securities a specialty, has 1 2 ^ c . for Lake. Lead has weakened slightly, - closing at
entered into partnership with Mr. Daniel H. Livermore, form 3-623^@3-65c. for domestic. Spelter has had a moderate sale
erly in the banking business in the South. The firm has at steady prices, closing at 4-30@ 4‘35c. Pig iron has been
opened an office at 40 W a ll Street for the continuation of the easy, closing at $9 75@11 75 for domestic.
Refined petroleum has been steady, closing at 5 -70c. in
business in these and other investment securities.
bbis., 3-20c. in bulk and 6 35c. in cases; naphtha quiet at
— The Guaranty Trust Co. of N ew York informs holders of 5-50c. Crude certificates have been quiet, closing at 75c.;
-shares of the Michigan Central Railroad Co. that it is pre credit balances have been steady at 75c. Spirits turpentine
Rosins have had a
pared to receive deposits of the same on or before June 16 has declined, closing quiet at 30@30!^c.
and to issue receipts therefor in accordance with the circular moderate sale at steady prices, closing at $1 4 2 ^ @ 1 45 for
W o o l has been dull but steady,
o f the New Y ork Central & Hudson River Railroad Co. common and good strained.
i1 Hops have been quiet and easy.
«elated April 13 last.
A p r i l 16. 1 8 « 8 .]
THE
C O
T T O
N
CHRONICLE.
.
F r i d a y N i g h t . April 15, 1898.
T h e M o v e m e n t o f t h e C r o p , as indicated by our telegrams
from the South to-night, is given below. For the week ending
this_ evening the total receipts have reached 70,074 bales,
against 69,876 bales last week and 86,450 bales the previous
week, m aking the total receipts since the 1st o f Sept., 1897,
8,143,298 bales, against 6,406,548 bales for the same period of
1896-7, showing an increase since Sep.1,1897, of 1,736,756 bales.
Receipts at—
Sat.
G alveston.........
T ex. City, &e.
N ew O rleans...
M o b ile ..............
F lorid a..............
Savannah.........
B runsw ’k,&c.
C harleston.___
Pt. Royal,& c.
W ilm in g ton ....
W ash’ton, &e.
N o r fo lk ............
N’p ’t News, dec.
N ew Y o r k .......
B osto n ..............
B a ltim o re........
Philadel’ a, dec..
T ot. this week
Mon.
Tues.
Wed.
Thurs.
F ri.
lo ia l.
1,460
1,043
5,411
25
901
1,079
4,261
153
15
120
8
166
843
37
474
362
488
10,876
1,043
24,914
1,718
901
8,854
4,231
1,590
15
2,032
8
3,893
843
1,411
5,716
362
1,637
70,074
1,328
......
3,159
446
2,253
.........
6,045
245
3,130
......
4,642
40C
1,559
......
2,501
426
1,146
......
3,156
176
1,965
1,428
1,393
1,338
......
498
......
100
1,653
......
308
1,090
408
615
......
218
1,500
......
377
9,911 12,723 13,317
9,130
8,147 16,846
329
.........
882
......
268
.........
300
926
.........
308
285
......
589
647
......
455
764
......
12
17
184
1,107
......
401
1,635
157
417
44
The follow ing shows the week’s total receipts,the total since
Sept. 1,1897, and the stock to-night, compared w ith last year.
R eceipts to
A p r il 15.
1897-98.
This Since Sep.
week.
1 ,1 8 9 7 .
This
week.
G alv eston ...
T ex . C.,&o.
N ew Orleans
M o b ile .........
F lorid a.........
S av an n ah ...
B r’wiok,dec.
Charleston..
P.Royal.deo.
W ilm ington.
W ash’n, dco.
N o r fo lk .......
N 'p ort N.,&c
N ew Y o rk ...
B o s t o n .........
B a ltim o re . .
Philadel, &o.
10,876 1,869,661
1,043
94,442
24,914 2,500,958
1,718 347,703
901 114,697
8,854 1,140,511
4,261 257,067
1,590 459,546
15
75,418
2,032 313,813
8
1,267
3,893 526,316
343
21,674
1,411
95,014
5,716 186,274
362
67,928
1,637
71,009
11,369 1,325,213
314 108,758
15,688 1,969,895
3,056 281,732
20
80,492
5,706 807,073
2,817 156,459
1,298 384,656
74
65,804
757 233,317
857
5,660 682,609
243
16,240
47,806
865 148,574
426
58,680
502
38,333
T ota ls.......
70,074 3,143,298
48,795 6,406,548
1896-97.
Stock.
Since Sep.
1 ,1 8 9 6 .
1898.
57,456
'
1897.
288,523
17,089
72,196
5,456
194,921
18,620
48,980
1,830
12,384
34,839
1,408
22,223
7,001
5,398
41,958
2,169
135,521
31,000
23,885
11,987
19,971
234,951
ll.OOd
13,222
6,896
729,783
641,113
In order that comparison m ay be made w ith other years.
we give below the totals at leading ports for six seasons.
R eceipts at—
1898.
1896.
1895.
G alves’n,& o.
N ew Orleans
M o b ile ..........
S a v a n n a h ...
Ohas’ton, dec.
W ilm ’ton, dec
N o r fo lk ........
.News, &o.
A ll o th e r s ...
11,918
24,914
1,718
8,854
1,605
2,040
3,893
843
14,288
11,683
15,688
3,056
5,706
1,372
757
5,660
243
4,630
9,186
12,037
1,643
4,576
1,826
658
2,206
342
7,602
17,832
24,064
1,148
4,431
9,862
675
2,833
2,959
16,802
9,434
13,998
2,922
4,583
2,146
544
6,604
2,849
4,823
5,773
17,628
Í.70 2
6,317
1,250
84
3,604
701
5,836
70,074
48,795
40,076
80,617
47,903
42,895
T ot. this w k .
1897.
1894.
1893.
Since Sept. 1 8143,298 6406,548 4920,957 7517,925 5634,005 4714,274
The exports for the week ending this evening reach a total
o f 145,075 bales, of which 83,071 were to Great Britain,'6,073
to France and 55,931 to the rest of the Continent. Below
are the exports for the week and since Sept. 1, 1897.
Exports
from—
Week Ending Apr. 15,1898. From Sept. 1,1897, to Apr. 15,1898.
Exported to—
Exported to—
Great
France Conti 2otal Great France Conti
Total.
Brit’n.
nent. Week. Britain.
nent.
In addition to above exports, our telegrams to-night also»
give us the follow ing amounts of cotton on shipboard, not<
cleared, at the ports named.
W e add similar figures for
New York , which are prepared for our special use by Messrs,
Lambert & Barrows, Produce Exchange Building.
ON
A p r il 15 at
595
299
None.
900
None.
11,500
None.
None.
27,663
9,346
5.000
1,400
7.000
18,500
9,700
15,000
T otal 1 8 9 8 ...
40,705
7,879
31,931
13,294
93,609
636,174
29,194
26,285
30,244
814
42,574
31,924
15,017
6,160
117,029
65,183
524,034
428,223
7,187
92
None.
None.
None.
None.
400
None.
8,926
2,805
5.000
500
3.000
3,200
2,500
6.000
260,860'
4 8 ,HO4 3 ,980
10,984
10,089
23,458
175,821
62,872-
Speculation in cotton for future delivery has been dull this
week, there having been a narrow and featureless m arket.
The uncertainty of the outcome of the strained relations e x
isting between Spain and the United States has continued a,
disturbing feature, and has served to hold all outside interest
in the market in check, and regular traders have confined
their operations exclusively to scalping transactions, as they
too were disposed to hold off awaiting a more settled turn to*
the existing political situation. Thus it can be easily seen
by the nature of the trading that the changes in prices
have been of an unimportant nature. There have been
moderate offerings of cotton from the South and rather
low prices have been named, but they have failed
to attract shippers to any great extent, as the lower
prices named have been offset by the increased cost of trans
portation, such as war risks, insurance, etc. Thursday there
was a rally in prices of a few points in response to unexpect
edly stronger advices from Liverpool accompanied by buying
orders, which stimulated some buying by a few local shorts
to cover contracts. To-day the market was more active, and
prices advanced on buying for foreign account. The selling
was principally by longs to liquidate their accounts. Theclose was steady, with prices 5@ 6 points higher for the day.
The spot market has been quiet and unchanged, closing at
6 3-16c. for m iddling uplands.
The rates on and off m iddling, as established Nov. 17, 1897.
by the Revision Com m ittee, at which grades other than
m iddling m ay be delivered on contract, are as follows.
®L®4.r: : : .......................e.
I o n G ood O rdin ary..................c.
Middling F a ir .
....... ........ li, 6 on G ood M iddling T in ged .........
Striot G ood M iddUng........... % o n S trict M iddling Stained . . .
G ood M iddling
.................. % o n M iddling Stained...................
S trict L ow MiddUng............ 316o ff Strict L ow Mid. S ta in ed ...
..................... 7i6<>ffL ow M iddling S tained.........
n
i ° T
Striot G ood O rdin ary........... % o ff
It* oft
Even
7,« 0fl>
7,« 0 fi
1% o ff
l% o ff
On this basis the o'fi.cial prices for a few o f the grades for
the past week— April 9 to April 15— would be as follows.
UPLANDS.
S a t.
G ood O rdinary..........................
Low M iddling..............................
M id d U n g .......................
Good M iddUng................ .
MiddUng F air......................
GULF.
Good Ordinarv............................
Low M iddUng.........
M iddling.............................
G ood MiddUng............... .
Middling F a ir........... ...........
STAIN E D .
IM on T u e s W e d
415le 416.8 415,e
5%
5%
5%
e*ie. 63.8 63,8
6716 67,6
6*18
678
6%
6%
M on T ues W ed
5316
6
67,8
g “ ie
7%
53,6
6
O?,«
7%
53,6
6
67,«
fin ie
7%
49,e
5%
5 u.s
63,8
F r i.
Tb.
F r i.
53,0
53,8
6
6
6716 67,0
611,8 fin ,6
7%
7%
m o n T u et» W e d
49,8
5%
5313S
6V
T ii.
415,6 415,6 5
5%
513lft
5%
6*16 63.8 6%
6%
67,8 67.8
678
6%
615,8
S a t.
S a t.
Low M iddling..................
M id d U n g ...............
Strict MiddUng...........
Good MiddUng T in g ed ......... .
49,6
5%
5%
53132 5U â.
63,8
63,0
5%
6%
6%
71,8
Tb.
F r i.
4 916
5%
531«
63,8
4%
513,6
6132
6%
The quotations for m iddling upland at N ew Y ork on
April 115 for each of the past 32 years have been as follows.
1 8 9 8 ..J.O. 6%
1 8 9 0 .. . . c . l l %
1 8 82. —e.12%
1 8 7 4 — .c.1 7 % 1897.. 7 '.,6
1 8 8 9 ... .-1 0 1 1 ,8 18 8 1 .. — .10%
18 73........ 1913
1896... 778
1 8 8 8 ... . . . 9%
18 8 0 .. — .11 %
1 8 7 2 ........ 23 %
1895... 613,
1 8 8 7 ... ...1 0 %
1 8 7 9 .. . — 11%
1 8 71........ 1 4 78
1894.. 7S>!6
1 8 8 6 ... . . . 9%
1 8 7 8 .. ....1 0 %
1 8 70........ 23%
1893... 8%
1 8 8 5 ... -.1 0 1 5 ,6 1 8 7 7 .. — .11%
1 8 6 9 ........ 28%
1892... 7%
1 8 8 4 ... — 1116,6 18 76.. — .13%
1 8 6 8 ........ 31
1891.. 81516
1 8 8 3 ... ...1 0 %
18 7 5 .. ....1 6 %
1 8 6 7 ........ 27
. N o te
j ,.—On
. Oct.
fM* 4 ,1 8 7 4 , grades o f cotton as qu oted were ch an ged.
A ccord ing to the new classification M iddling w as on that day qu oted
%e. low er than M iddling o f the old classification.
Total, 1896-97. 17,396
821 46,522 64,739 2,790 2121618.586 1,880,461 5.284,259
T ota l..
Total.
T otal 1 8 9 7 ...
T otal 1 8 9 6 ...
6,083 55,931 145,075 3,017,295 746,435 2,762,613 6,556,213
1,432,133
29,561
2,007,583
211,612
109,687
693,579
232,020
316,202
66,472
293,656
82,041
15,403
512,681
245,236
175,482
14,883
118,111
L eaning
stock..
Coast
wise.
10,955
6,150
None.
None.
4.000
3.800
6.800
9.000
Sat'day..
Monday.
Tuesday
Wed’day
Th’d a y ..
F rid ay..
411,179
20,585
691,432
67,831
39,535
587,292
79,225
232,713
8,500
176,967
24,814
4,132
203,805
5,070
92,452
1,450
113,151
s h ip b o a r d , n o t c l e a r e d f o r —
Great
Other
B ritain. F rance. F oreign
New O rlea n s...
G alveston.........
Savannah.........
C harleston.......
M ob ile...............
N orfolk..............
New Y o r k .........
Other p o r t s ....
Galveston....... 10,801
T ex. City, &c..
New Orleans.. 24,107
M obile.............
4,655
893
Pensacola......
Savannah.......
Brunswick.. ..
6,528
C harleston....
P ort R o y a l....
W ilm ington ... 9,133
N orfolk...... .
N ’port N., &c..
859
New Y o rk ...... 11,851
B o s to n ...........
9,808
Baltim ore., t.
4,065
P hiladelphia..
368
San Fran., &c. ........
T o ta l........... 83,071
5,047 15,851 J729.C61 288,893
50
50
8,976
8,250 9,185 86,542 940,469 375,682
5,626 10,281 113,731
893
70,152
73,740 32,517
6,528 152,795
18,939 18,939
83,489
57,972
9,133 117,689
67,197
859
11,071
200
2,573 12,008 26,432 262,552 46,225
9.8C8 •210,16«
250 1,299 5,614
80,142 2,888
368
13,433
3,777 3,777
4,660
767
MARKET AND SALES.
The total sales of cotton on the spot and for future delivery
each day during the week are indicated in the follow ing
statement. For the convenience of the reader we also add
a column which shows at a glance how the market closed
on same days.
SPOT MARKET
CLOSED.
S tea d y ................
Q u ie t..................
D ull......................
Q u ie t..................
S te a d y ................
Quiet at i,6 ad..
SALES OF SPOT AND CONTRACT.
Ex
p ort.
Oon- Spec- Con
sum p. u l’t’n tract.
349
161
1,300
300
1,600
Total.
349
561
Sales o f
Futures.
90Ó
33
io o
1,000
1,333
300
17 .3 0 0
54 ,200
26,900
56.300
5 5 ,8 0 0
9 9 ,100
1.443
500
3.543
3 0 9 .6 0 0
400
THE
768
T h e S a l e s a n d P r ic e s o f F u t u r e s a t N e w Y o r k a r e
s h o w n i n t h e f o l l o w i n g c o m p r e h e n s i v e t a b l e . __________________
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to Thursday evening. B ut to make the total the complete
figures for to-night (Apr. 15), we add the item of exports from
the United States including in it the exports of Friday only.
1898
1897
1896.
1895.
sto ck at L iv e r p o o l....... ba les. 1,242,000 1,253,000 1,157,000 1,722,000
Stook at L o n d o n . . . . . . . . . . . . . . _____3,000
6,000
7 ,0 0 0 ____ 6,000
T ota l G reat B ritain stock . 1,215,000 1,2 64,0 0 0 1 ,1 6 4 ,0 0 0 1,728,000
25.000
25.000
14.000
11,000
stock at H a m b u rg................
Stock at B r e m e n . . . . . . . . . . . . — 348,000 194.000 252.000 338.000
19.000
10.000
5.000
Stock at A m sterd a m ............—
2,000
200
200
200
stock at R o tte rd a m .................
300
12.000
19.000
12.000
Stook at A n t w e r p . . . . . . . . . . . . .
10,000
stook at H a v r e . . . . . . . . . . . . . —
288,000 229.000 310.000 484.000
5,000
7,000
5.000
Stock at M arseilles.................
4,000
83.000 100.000
82,000
Stock at B aroelon a...... ............
96,000
39.000
75.000
55.000
Stook at G en oa.......................
37,000
13.000
26.000
11.000
4,000
Stook at T rieste
T ota l C ontinental stock s.. 800,300 607,200 8 0 7 ,2 0 0 1 ,0 3 5 ,2 0 0
T ota l E uropean s to ck s.. . . 2,045,300 1,871,200 1,971,200 2,763,200
101,000
India cotton afloat fo r E u rop e
74,000 138,000 168,000
Sjner.ootton afloat fo r E urope 490,000 217,000 280,000 410,000
21,000
E gypt,B razil,& o.,aflt.forE ’p e
55,000
36,000
14,000
Stook in United States p orts .
729,783 641,113 493,406 739,839
Stook in U. S. in terior tow n s..
350,618 204.020 263,609 212,773
24,819
United States e x p orts to-d a y .
39,656
7,622
1 4 ,6 7 5 _________
T ota l v isible sunpls .........3,78 4,277 3,114,955 3,204,890 4,272,631
O ftb e a b o v e , totals 01 A m erican and other d escrip tion s are as fo llo w s:
A m erican—
L iverpool stook.............. baleB. 1,142,000 1,111,000 9 8 3 ,0 0 0 1 ,6 0 3 ,0 0 0
Continental stock s................ —
758,000 539,000 699,000 955,000
American afloat fo r E u r o p e .. 490,000 217,000 280,000 410,000
United States s t o c k . . . . . . . . . — 729,783 641,113 493,406 739,839
United States interior stock s. 350,618 204,020 263,609 212,773
United States ex p orts to-d a y
39,656
7,622
14,675
24,819
T ota l A m erican ................... 3,510,057 2,719,755 2,733,690 3,945,431
Hast In d ia n , B razil, die—
____
___ •
*
‘
.
Liverpool s t o c k . . . . . . . . . . . . . . . 100,000 147,000 174,000 119,000
London s t o c k . . . 3, 000
6,000
7 ,0 00
6,000
Continental stock s...................
42,300
68,200 108,200
30,200
India afloat fo r E u rop e...........
74,000 138,000 168,000 101,000
E gypt, B razil, <fec., a f lo a t .....
55,000
36,000
14,000
21,000
T ota l E ast India, * 0 ......... 274,300 395.200 471,200 327,200
T ota l A m e r ic a n ................ 3,510,0^7 2,719,755 2,733,690 3,945,431
T ota l v isib le s u p p ly .........3,784,357 3,114,955 3,204.890 4,272,631
3i5.sd.
4 1el. '
43sd.
3»iad.
Middling U pland, L iv e r p o o l..
6340.
77i«0.
71»’ 60.
615iao.
Middling U pland, N ew Y o rk .
4i«d.
5>4d.
6*4d.
63sd.
Egypt G ood B row n, L iverp ool
e^d.
63,6d.
651 ()d.
53sd.
Peruv.Rougb G ood, L iverp ool
3716 d.
4ii 0d.
4ii«d.
3»i«d.
Broach Fine, L iverp ool...........
S^ied.
4% .
43«d.
3®ad.
rin n ev elly G ood , L iv e r p o o l..
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Imports into Continental ports past week 65,000 bales.
The above figures indicate an increase m Che cotton in sight
to night of 669,402 bales as compared with the same date
of 1897, a gain of 579,467 bales over the corresponding date
of 1896 and a decrease of 488,274 bales from 1895
A t t h e I n ter io 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 f o / the
corresponding period o f 1896-97— is set out in detail below,
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The follow ing exchanges have been made during the w e e k :
03 o'1, to e x oh . 100 O ct. fo r Aug.
•09 pd. to exch. 800 May fo r Deo.
I -03 pu. to exoh . 200 Sept, fo r A u g .
I -03 pd. to exch. 200 Juue fo r J u ly.
I ’ 08 pd. to exoh . 200 M ay fo r Aug.
I -01 pd. to e x o h . 100 Oct. fo r July.
T h e V is ib l e S u p p l y o f C o tt o n t o -m g h t , a s m a d e u p b y
c a b l e a n d t e l e g r a p h is as f o l l o w s . C o n t in e n t a l s t o c k s , as w e ll
a s t h o s e f o r G r e a t B r i t a i n a n d t h e a flo a t a r e t h i s w e e k ’s r e
t u r n s a n d c o n s e q u e n t l y a ll E u r o p e a n fig u r e s a r e b r o u g h t d o w n
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• Includes sa’ es in S eptem ier, for Septem ber, 84,900; Septem berO ctober, fo r O ctober, 375,200; Septem ber-N ovem ber, fo r N ovem ber,
318 100- Septem ber-D ecem ber, fo r D ecem ber. 1,181,400; Septem berJanuary, fo r January, 3,979.600; Septem ber-February, fo r F ebruary,
161,300; Septem ber-M arch, fo r M arch, 2,878,400.
•06 pd. to exoh . 400 June fo r Deo
05 pd. to exoh . 200 Juue fo r Aur
•12 pd. to e x o h . 100 May fo r June.
•09 pd. to exoh. 2.600 M ay fo r Aug.
•07 pd. to ex oh . 200 May fo r Oct.
•08 pd. to exch. 1,300 May fo r Aug.
•06 pd. to e x c h . 200 M ay fo r N ov.
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• Last y ear’s figures are fo r Colum bia, 8. C.
The above totals show that the interior stocks h ave
decreased during the week 32,993 bales, and are to-night 146,598
bales more than at the same period last year. The receipts a t
THE
A p r il 16, 1*598.1
CHRONICLE.
all the towns nave been 11,154 bales more than the same
week last year, and since Sept, i they are 1,530,6(38 bales more
than for the same time in 1896-97.
Q u o tation s f o b M id d lin g C otton a t O th e r M a r k e t s ,—
Below are closing quotations o f middling cotton at Southern
and other principal cotton markets for each day o f the week.
CLOSING QUOTATIONS FOR MIDDLING COTTON ON-
A p r il 15.
G a lv e sto n . .
N ew Orleans
M o b ile .........
S avan n ah . .
Charleston..
W ilm ington.
N o r fo lk .......
B o s to n .........
B altim ore...
Philadelphia
A ugusta.......
M emphis___
St. L ou is___
H o u sto n ___
C in cin n ati..
Louis viH e...
Satur.
M on.
Tue».
Wednee.
Thurt.
5 »le
5%
59,a
5%
59ie
53t
5»,e
55g
5%
5 78
63,«
6
S he
51o,e
55s
58g
511x6
5\
5», a
5%
59,6
55s
53t
5 78
6816
6
6he
515,6
5Sg
58s
511,6
5%
5%
534
5 » ,e
5%
558
5%
58s
5 l l la
5?lft
55a
5*8
57g18
6 S,#
67,6
51&16
55s
5&H
5U 16
I“16
57g
63ia
6
6 7ie
5 i»ia
58s
55g
5\
5%
53t
534
5 84
F rt.
5%
58g
59ie
58s
589
578
63, e
o
61g
6
67.6
515.6
55a
588
5U 16
5%
5%
58g
5 »8
5 \ le
5%
The closing quotations to-day (Friday) at other im portant
Southern m arkets were as follows.
A th en s............
A tla n t a ......... .
C h a r l o t t e ......
Colum bus, G a.
5 i5 ,6 Colum bus, M iss
5 *1,6 E u tau la.. . . . . . .
578
5%
L ittle R o c k ....
M o n tg o m e ry ...
5 *4
5 «8
53,«
513,6
N a s h v i l le ......
Natchez..........
Raleigh......... .
S h r e v e p o r t.....
51a
57,.
58 g
55je
R eceipts from t h e P l a n t a t io n s .— The follow ing table
Indicates the actual movement each week from the plan tati on,-.
The figures do not include overland receipts nor Southeu
consumption; they are simply a statem ent o f the weeklj
movement from the plantations o f that part of t l e crop whirl
finally reaches the market through the outports.
Week
Receipts at the Porte. St'k at Interior Tourne. Rec’ptsfrom Plant’n»,
Ending—
M c h .il .
“
18..
“
25..
April 1..
“
8..
“
15..
18n8.
1897.
1896.
150.231
145,794
101.706
86,450
69,876
70.074
79,931
65,459
61,032
54,237
46,639
48.795
71,518 459.136 323,319 362.684
69,460 439,812 301,139 334,18*
76,237 424,195 276,594 316,494
60,202 4' 0,170 259,050 293.982
57,967 383,611 232.170 280,927
40.076 350,618 204 020 263,609
1868.
1897,
1896.
1898,
1897.
1896.
120,613
126,500
86.059
62,425
53,317
87.081
53,123
43.279
36,487
36,693
19,759
20,646
49,884
41,009
68,548
37,690
44,912
22,768
The above statem ent shows: 1.— That the total receipis
from the plantations since Sept. 1,1897, are 8,448,840 bales: in
1896-97 were 6,489,974 bales; in 1895-98 were 5,151,t-66 bales.
2*— That although the receipts at the outports the past week
were 70,074 bales, the actual movement from plantations was
37,081 bales, the balance being taken from stocks at Interior
tow ns*
year receipts from the plantations for the week
were 30,645 bales and for 1896 they were 23,758 bales.
O v e r la n d M o vem en t fo r t h e W e e k a n d S in c e S e p t , 1.—
i
below 81 statem ent showing the overland movement
for the week and since Sept. 1, as made up from telegraphic
reports Friday night.
The results for the week ending
Apr. 15 and since Sept. 1 in the last two years are as follows.
1897-98.
A p ril 15 .
Week.
Shipped—
V ia St. L o u is .............
V ia C a iro .....................
V ia P a r k e r ........... .
Via R ook I s l a n d ......
V ia L o u isv ille ............
V ia C in cin n ati............
V ia o th e r ro u te s, & c.
T o ta l g ro ss o v e r la n d ............
D educt shipm ents—
O verland to N. Y ., B o sto n , &o.
B etw een in te rio r t o w n s . . . . . . . .
In la n d , &o., fr o m South............
5,864
5.596
250
547
3,738
4,139
3,764
Since
Sept. 1.
781,647
345,488
29,954
45,898
114,819
133,088
141,580
23,898 1,592,474
1896-97.
Week.
8,048
2,600
550
30
1,570
1,251
863
Since
Sept. 1.
493,174
250,468
15,777
13,414
127,374
129,489
101,471
14,912 1,121,167
9,126
421
1,916
420,225
24,137
37,066
T o t a lt o be d e d u c t e d ........ ..
11,463
481,428
1,961
332,843
L e a v in g to ta l n e t overlan d*..
12,435 1,111,046
12,951
788,324
1,793
48
120
293,443
4,134
35,266
The foregoing shows th at the week’s net overland m ovem ei t
this year has been 12,435 bales, against 12,951 bales for the
week in 1897, and that for the season to date the aggregate net
overland exhibits an excess over a year ago of 323,722 balee.
I n Sight a n d S pinners’
T akin gs.
R eceip ts at p orts to A p r. 1 5 . . . . . .
Net overla n d to A pr. 15................
Southern co n su m p tion to A p r. 15
1897-98.
Week.
Since
Sept. 1.
70,074 8,143,298
12,435 1,111,046
21,000 720,000
1896-97.
Week.
Since
Sept. 1.
48,795 6,406,548
12,951 788,324
18,000 655,000
T o ta l m a r k e t e d . . . . . . . . . . . . . . . 103,509 9,974,344 79,746 7,849,872
In terior sto ck s in e x c e s s . . . . . . . . . *32,993 305,542 *28,150
83,426
Cam e in to sig h t d u rin g w eek .
T o ta l in sig h t A p r. 1 5 ..............
70,516
10279886
51,596
7,933’,298
N orth’n a p in n e rsta k ’ gs to A pr. 15_____________________
18,295 1.980,733 13,892 1,467,794
* D ecrease during week.
It w ill be seen by the above that there has come into sight
during the week 70 516 bales, against 51,596 bales for the
same week of 1897, and that the increase in imount in sight
to-m ght as c o n oared with last year is 2,346,588 baler
769
W eather R eports by T elegraph ,— Advices to us by tele
graph this evening from the South denote that the weather
has been fairly favorable during the week and that planting
has made good progress as a rule, although delayed at a few
points by dry and cool weather.
The Mississippi River con
tinues at a high stage, but is falling at Memphis.
Galveston, Texas.— It has rained heavily on one day of the
week, the rainfall being one inch and eighty-seven hun
dredths. The thermometer has averaged 66, r a g i n g from 59
to 74.
Palestine, Texas.— There has been rain on two days during
the week, the precipitation reaching eighty-eight hundredths
of an inch.* The thermometer has ranged from 44 to 80, avereging 62.
Corpus Christi, Texas.— W e have had rain on four days
during the week, the rainfall reaching two inches and thirtyseven hundredths. Average thermometer 62, highest 80, low
est 44.
San Antonio, Texas.— Rain has fallen on two days of the
week, to the extent of sixty-four hundredths of an inch.
Minim um temperature 54.
New Orleans, Louisiana.— It has rained on one day of the
week, to the extent of fourteen hundredths of an inch. The
thermometer has averaged 64.
Shreveport, Louisiana.— It has rained on two days of the
week, the precipitation being thirty-six hundredths of an
inch. The thermometer has ranged from 43 to 81, aver
aging 61.
Columlus, Mississippi.— Rain has fallen on one day of the
week, to the extent of twenty-five hundredths of an inch
Average thermometer 60, highest 84 and lowest 40.
Leland, Mississippi.— A ll cotton that was up was killed by
the frost of last week. The thermometer hab averaged 56*7
the highest being 74 and the lowest 41.
Vicksburg, Mississippi.— Rain has fallen on two days of the
week, to the extent of thirteen hundredths of an inch. The
thermometer has averaged 61, ranging from 49 to 78.
Little Bock, Arkansas.— It has rained on thre- days of the
week, the rainfall reaching thiity-nine hundredths of an inch
The thermometer has ranged from 39 to 69, averaging 57.
Helena, Arkansas.— It has rained on three days of the week
the rainfall being sixty hundredths o f an inch. The river is
rising slowly, and is now but three feet below last year. It
will be above the high-water mark below the Arkansas River
and breaks in the levees there are probable. A ll safe in this
section. Average thermometer 65, highest 72 and lowest 44
Memphis, Tennessee.— The weather has been favorable fo r
farm work. The river is thirty six and eight-tenths feet on
the gauge and falling. It will fall rapidly next week. W e
have had rain on one day of the week to the extent of twen
ty-one hundredths of an inch The thermometer has averaged
58-2, the highest being 73*2 and the lowest 46.
Nashville, Tennessee.— It h a s rained during the week to the
extent of seventy-six hundredths of an inch. The thermom
eter has averaged 5 i, ranging irom 44 to 71.
Mobile, Alabama. — Cotton-planting is making good prog
ress
W e have had rain cn one day of the week, the rain
fall reaching six hundredths of an inch. The thermometer
has ranged from 40 to 73, averaging 6
Montgomery, Alabama.— Farmers are well up with their
work. There have been showers on two days of the week the
rainfall being eight hundredths of an inch. The weather is
moderating. Average thermometer 60, highest 74, lowest 40
Selma, Alabama— Rain has fallen on one day of the week*
to. the extent of four hundredths of an inch. The ther
mometer has averaged 61, the highest being 79 and the low
est 42.
Madison, Florida.— N o rain all the week.
Cool dry
weather is delaying planting. The thermometer has aver
aged 60, ranging from 45 to 80.
Savannah, Georqia.— W e have had rain on tw o days of the
week, the rainfall being sixteen hundredths of an inch
Average thermometer 62, highest 80 and lowest 42.
Augusta, Georgia.— Rain bas fallen oh three days during
the week, the precipitatiou reaching fifty-two hundredths of
an inch. The thermometer has averaged 56, the highest be
ing 73 and the lowest 37.
Charleston, South Carolina.— Rain has fallen on two days
of the week, to the extent of twenty-five hundredths of an
inch. The thermom -ter has ranged from 43 to 75, averag
ing 62.
®
Stateburg, South Carolina.— Frosts of Friday and Saturday
last did some damage to corn and water-melons. W e have
had rain on four days of the week, the rainfall reaching
ninety-three hundredths of an inch. Average thermometer
58, highest 73, lowest 38.
Greenwood, South Carolina.— Rain has fallen on three days
of the week, to the extent of one inch. The thermometer has
averaged 54, ranging from 45 t » 63.
Wilson, North Carolina— W e have had rain on two days
during the week, the precipitation being fifty-five hun
dredths of an inch. The thermometer has ranged from 32 to
74, averaging 56.
The follow ing statem ent we have also received by telegraph
THE
770
CHRONICLE.
showing the height of the rivers at the points named at
o’clock April 14, 1898, and April 15, 1897.
A b o v e zero o f g au ge.
.A b o v e zero o f gauge.
A b o v e zero o f gange.
.A b o v e zero o f gauge.
.A b o v e z e r o o f gauge
N ew Orleans.
M em p h is... . .
N a sh v ille .....
S h rev ep o rt..
V ick sb u rg .,.,
A p r. 14, ’ 98. A pr. 15, ’ 97.
Feet.
Feet.
18 5
15-5
35‘8
36 9
21*9
17-3
23‘ 9
9-9
51*9 _
47*2
[ V o l . L X V I,
N ew Bedford, M ass., were opened on Monday morning, and
about half of the operatives have thus far gone back. The
Pacific Mills at Lawrence, Mass., began a curtailment of
production A pril 13 by shutting down part of the spinning
machinery.
S e a I s l a n d C o t t o n m o v e m e n t . — W e have received this
(Friday) evening by telegraph from the various ports the
details of the Sea Island cotton movement for the week. Th e
I n d i a C o t t o n M o v e m e n t f r o m a l l P o r t s .— The receipts receipts for the week ending to-night (April 15) and since
Sept, 1, 1897, the stocks to-night, and the same items for the
o f cotton at Bom bay and the shipments from all India ports corresponding periods of 1896-97, are as follows.
-for the week ending Apr. 14, and for the season from Sept. 1
sto April 14 for three years have been as fo llo w s:__________ ___
Since
Sept. 1.
Week.
68,000
B om b ay ...........
Week.
964,000
Since
Sept. 1.
B om b a y —
1897-98..
1896-97..
1895-96..
•Calcutta—
1897-98..
1896-97..
1895-96..
M adras—
1897-98..
1896-97..
1895-96..
A l l others—
1897-98..
1896-97..
18 95-9 6..
Since
Sept. 1.
Week.
90,000 1,557,000
52,000 1,081,000
Great
B ritain .
Conti
nent.
Since
This
Since
This
w eek. Sept. 1. w eek. Sept. 1. 1898.
S av an n ah . . . . . . . . . . . . . . . .
Charleston, & o....... .
flo r id a , &o......... ..............
201
8
56,670
9,761
6,706
120
3
20
T ota l.............................
209
73,137
143
99,630 16,614 17,235
The exports for the week ending this evening reach a tots l
of 770 bales, of which 617 bales were to Great Britain, 89
to France and 64 to Bremen, and the amount forwarded to
Northern mills has been 558 bales. Below are the exports
for the week and since September 1 in 1897-98 and 1896-97
Great
B ritain.
Conti
nent.
Total.
1,000
8,000
33,000
5,000
9,000
33,000
10,000
3,000
20,000
56,000
170,000
371,000
460,000
173,000
391,000
516,000
3,000
2,000
3.0C0
2,000
2,000
5,000
9.000
13,000
35,000
40,000
15,000
40,000
49,000
E xportt
from —
2,000
6,000
10,000
7,000
14,000
7,000
9,000
20,000
17,000
11,000
19,000
12,000
27,000
55,000
41,000
38,000
74,000
53,000
Savannah...
Charl’ t’n,&o
Florida, &o.
New Y o rk ..
B oston ........
Balt., & o ....
200
167
250
89
T o t a l.. . . .
617
153
217,000
475,000
548,000
235,000
525,000
635,000
5,000
T o ta l all—
1897-98..
1896-97...
18 95-9 6..
1,000
2,000
4,000
1,000
2,000
3,000
1,000
10,000
38,000
16,000
9,000
38,000
10,000
1,000
18,000
50,000
87,000
1897.
82,544 12.065 12,219
10,370 3,276 2,046
6,716 1,273 2,970
Since September 1.
F or the Week.
Exports
from —
1895-96.
1896-97.
1897-98.
Receipts at—
Stock
1896-97.
1897-98.
R eceipts to A p r il 15.
Total.
Total 1898-7
Week E nding A pr. 15 Since Sept. 1, 1897.
North'n M ils ,
Great Fr'nce
Great F r'nee
Total.
Total. BriVn.
d e.
B rit'n. d e.
Since
Week. S ep t.l.
64
1,125
471
550 21,509
1,443
8 6,506
12,205
4,529
1,725
289 5,911
167 1,760
b75
250
3,234 15,439
64 4,593
1,725
3,893 9,804
1,760
200 1,075
770 27,005
7,391 34,396
558 29,458
1,596 41,576
9,438 51,014
211 34,353
64
________
......
......
...# M
nmssmmm
■«.HTM
A considerable portion
of the Sea Island cotton shipped to
1 è.òo'ó
foreign ports goes via New York, and some small amounts via
According to the foregoing Bom bay appears to show an Boston and Baltimore. Instead of including this cotton for
■increase compared w ith last year in the week’s receipts of the week in which it leaves the Southern outports, we follow
16,000 bales.
Exports from all India ports record a loss the same plan as in our regular table of including it when
-of 28,000 bales during the week, and since September 1 show actually exported from N ew York, & c. The details of the
a decrease of 290,000 bales.
A l e x a n d r ia
R e c e ip t s
and
S h ip m e n t s
C o t t o n .—
of
Through arrangements we made w ith Messrs. Davis, B enachi
& Co., of Liverpool and Alexandria, we now receive a weekly
-cable of the movements of cotton at Alexandria, Egypt. Th e
follow ing are the receipts and shipments for the past week
a n d for the corresponding week of the previous two years.
A lexan dria, E gypt,
A p r il 13.
R eceipts (ca n ta rs* )....
This w eek ....... . —
8 in ce Sept. 1 ..............
1897-98.
1896-97.
1895-96.
40,000
6,370,000
65,000
5,556,000
26,000
5,151,000
Since
This
week. S ep t.l.
This
Since
week. Sept. 1.
4.000 295.000
9.000 297.000
3.000 301.000
4.000 271.000
T o ta l E u r o p e .. . . . . 30,000 636.000 13,000 592,000
7,000 572,000
Since
This
week. Sept. 1.
-Exports (bales)—
T o L iv e r p o o l. . . . . . . . 7.000 303.000
T o C on tln en tt. . . . . . . 23,000 333.000
t O f w h t K A m e X a t n 1897-93, 41,018 ba le s; in 1896-97, 46,097
hales; in 18 95-96,51.256 bales.
This statement shows that the receipts for the week ending
A p r. 13 were 40,000 cantars and the shipments to all Europe
30,000 bales.
M a n c h e s t e r M a r k e t . — Our report received b y cable
to-night from Manchester states that the market is firm for
tooth yarns and shirtings. Manufacturers are generally well
under contract. W e give the prices for to-day below and
leave those for previous weeks of this and last year fc r
comparison
1897.
1898.
8H lbs. Shirt Oott’ n
8H lbs. Shirt Oott’ n
32« Cop. in gs, common Mid. 32« Cop. in gs, common Mid.
Twist.
to fin est.
Upldt
Twist.
TTplds
to fin est.
M h 11
•• 18
“ 25
A p r .l
“
8
« 15
B.
a.
d. s. d.
53i ®63t 4 2 ® 6
5 ’- li6 ® 6 ^ 4 2 ® 6
5®s ® 6% 4 2 ”9 6
4 2ifl® 6
s>1316- (>l316 a 3 ® 6
5 7g ® 6 78 4 3 ® 6
d.
9
9
9
9
9
9
d.
d.
338 6I4
65,0
31I32
3 516 638
3^16 63s
37, 6 65,e
31533 63g
s.
d.
®7316 4
'©78,6 4
® 73le 4
« 7 3 ,6 4
« 7 8 ,6 4
® 7H 4
d.
s.
0ïa ® 6
0ia ® 6
0 13® 6
0!fl® 6
0 ®6
0 ®6
d.
7
7
7
7
7
7
d.
3i5le
4
33I32
4
4I32
4*8
N e w E n g l a n d C o t t o n M i l l S i t u a t i o n .— A majority of
the tw o thousand operatives of the Ponemah Cotton Mills,
Taftville, Conn., went out on strike A pril 4, being dis
satisfied with the ten per cent reduction in wages, and they
still remain out. The strike at the Y ork Mills, Saco, Maine,
cam e to an end this week, practically all of the hands having
returned to work on A pril 11. The gates of the mills at
shipments of Sea Island cotton for the week w ill be found
under the head “ Shipping N ew s,” on a subsequent page.
Quotations April 15 at Savannah, for Floridas, common,
medium fine, 9J£c.; choice, 13c.
Charleston, Carolinas, medium fine, 15c.; fine, 17c.; fully
fine, 19 to 20o.; extra fine, 21 to 23c.
D o m e s t ic E x p o r t s o f C o t t o n M a n u f a c t u r e s .— W e give
below a statement showing the exports of domestic cotton
manufactures for February and for the eight months ended
Feb. 28, 1898, and for purposes of comparison like figures for
the corresponding periods of the previous year are also
presented:
Quantities of Manufactures of Got Month ending Feb. 28. 8 mos. ending Feb. 28.
ton (colored and uncolored)
1896-97.
1897 98
1897.
1808.
exported to—
United K ingdom ........ ............ yards
France................................ ••••
Germany ...................................
Other countries in E u rope... .
British North A m erica.......... **
Central Am erican States and “
British H onduras.................
M e x ico .... ................................ '*
Santo D om ingo........................
l(
Cuba..................................................,
Puerto R ic o ..............................
Other W . Indies & Bermuda.. ‘ j
Argentine R epublic.................
Brazil ........................................
United States o f C olom b ia...
‘
Other countries in S. A m erica
China............................................. ‘
“
British East In d ies...................
Japan.......................................
„
8 n t . Posses’ns in Australasia
Other A sia ana O cean ica.... “
A frica............................... . . . .
“
Other countries........................
Total yards o f above.
Total values of above.
Value per yard..................
Values of other Manufactures of
Cotton exported to—
United Kingdom.......................
France........................................
Germany.....................................
)ther countries in Europe........
British North America.............
Central American States & British
Honduras.....................................
Mexico............................................
3anto Domingo.............................
Cuba.................................................
Puerto R ico............................. •••••
Other W. Indies and Bermuda......
Argentine Republic.......................
Brazil.......... ....................................
United States o f Colombia............
Other countries in So. America....
China......... ......................................
British East Indies........................
British Australasia.........................
Other countries in Asia and
Oceanica........................................
Africa...................................................
Other countries...............................
719,184
8.859
25,615
123,065
929,269
731,817
683,225
2,300
31,354
42,150
1,066,976
523,662
513,795
534,569
88,356
65,306
32,135
25,006
40,980
3,730
939,964 1,105,292
169,760
61,891
338,220
468,316
331,743
559,849
2,424,613
2,148,37
7,980.215 10,306,823
68,101
562,415
35,917
31.871
85,312
31,890
5,459,153 1,690,498
701,930
2,751,597
6,450,898 8,288,863
200.960
145,245
876,820
305,210
368.757
698,372
8,062.465 24.853,596
5,124,967 7,329,877
4,012.766
1,365,505
111,337
20,393
9,811,616
1,742,878
5,277,87"
3,943,161
14,328,775
64,354,802
10,967,316
202,361
586,060
16,526,989
12,160,522
40,716
3,423,830
1,386,552
192,028
101,982
9,263,698
2,890,936
5,369,580
4,199,905
18,206,516
85,351,867
2,106,470
352,580
416,782
20,837,371
7,005,395
19,816
21.165,558 20,286,171 166,240,231 202,904,181
$1,111,343 $1,082,334 $8,398,888. $11,667,518
$‘ 0572
$‘ 0505
$‘ 0531
$-0460
$28,971
334
10,327
2,677
119,404
22,558
$48,840
1,661
17,895
863
130,501
15,365
$223.733
2,905
109,629
50,607
1,022,026!
124,937
$287,446
25,401
204,262
11,591
6,3f6
53
13,726
19,194
8,638
1,503
612
8,005
4,208
3,273
2.842
6,356
381
28
11,771
63,235
22,753
36,902
27,763
21,601
4,260
936
102,665
232,974
21,038
34,636
3,742
61,165
48,378
47,387
35,399
38,430
7,735
3,284
113,683
16,294
4,118
22,777
4,46-*
207,078
28,706
3,058
255,645
30,328
7,069
112
582
35
8,011
3,167
2.720
2,290
4,856
611
988
6,102
99.196
32,683
821,404
160,411
Total value o f other manufac
$304,286 $2,277,998 $2,356,085
$296,339
tures o f...............................
$14,022,5*3
Aggregate value o f all cotton goods $1,407,682 $1,386.620 $10,676,886
CHRONICLE.
G overnment W eekly Cotton R eport.—Mr. W . L . Moore,
Chief o f the W eather Bureau of the Agricultural Depart
ment, made public on Tuesday the following telegraphic re
ports on the crops in the Southern States for the week ending
April 11.
S o u t h C a r o l i n a .— C otton planting progressing rapidly; farm w ork
retarded latterly b y cold weather and rain.
G e o r g i a .— Rains first o f w eek w ere general a n d beneficial; cotton
p lanting w ill n ow be general if w eather perm its; general outlook
flattering.
F l o r i d a .— W eek unfavorable; greater p ortion o f State to o dry, with
abnorm ally lo w tem perature and frost as far south as central counties.
C otton planting active.
A l a b a m a .— R ain early part o f w eek ' excessive in northern counties
generally beneficial, but subsequent frosts checked grow th o f all crops;
early cotton killed in northern counties, where replanting necessary:
c o tto n planting w ell advanced.
M is s is s ip p i . - U nfavorable week; frosts dam aged corn, cotton , fruit,
and early vegetables, especially ov er northern counties; considerable
lan d prepared fo r cotton , and planting w ill soon becom e general, al
th ou g h som e little has been planted.
L o u is i a n a .— Cold w eek, w ith three frosts north and one south, dam
agin g som e early cotton; cotton planting n ow general.
T e x a s .—Generally to o cool fo r seed germ ination and plant
grow th ; m ore rain needed in w estern portion; co tto n planting pro
gressed w ell ov er southern and central portion, where early-planted
is p oo r stand, requiring som e replanting; preparation o f ground fo r
planting w ell advanced o v e r northern p ortion and som e planting done,
b u t m ost farm ers w aiting fo r warm er weather.
A r k a n s a s .— W eather c o ld ahd ground heavy, conditions un favor
a b le fo r farm work; heavy frosts 6th and 7th; som e co tto n planted in
southern counties; ground too cold fo r seed to germinate.
T e n n e s s e e .—Warm, g row in g w eather succeeded b y cold w ave, re
sulting in frost and freeze from 6th to 8th; farm w ork m uch delayed.
M i s s o u r i .— Cold week; severe frosts 5th, 6th, and 7th; ground w et
an d but little farm ing done.
O k l a h o m a .— Corn being planted and ground prepared fo r cotton.
These reports on cotton are summarized by the Depart
m ent as follow s:
E arly-planted co tto n has been injured b y frost in portions o f A la
bam a, M ississippi and Louisiana. In T exas planting has progressed
fa vora b ly ov er the southern and central portions where, how ever, the
•early-planted cam e up to p oor stands, requiring som e replanting.
Preparations fo r p lanting are w ell advanced ov er Northern Texas,
w here som e planting has been done, bu t farm ers are w aiting fo r
w arm er weather. Some planting has also been done in Southern A r
kansas. W ith fa vorab le w eather conditions planting w ill n ow becom e
gen eral in Georgia.
E ast I ndia Crop .— The following final general memoran
dum on the cotton crop of India for the season of 1897-98 was
issued by the Director General of Statistics under date o f
•Calcutta Feb. 28:
T he E xports op Cotton from N ew Y ork this week show an
increase compared w ith last w eek, the total reaching 26,432
bales, aga in st 9,957 bales last w eek ,
B elow w e g iv e cur
usual table, show ing the ex p o rts o f cotton fr o m N ew York ,
and the lirectio n , fo r each o f th e la st fo u r w e ek s; also the
total i <ports and lirectio n sin ce Sept. 1 ,1 8 9 7 , and in the last
column the to ta l fo r the sam e period o f th e previou s year.
EXPORTS OP COTTON(BALES) PROM NEW YORK SINCE SEPT. 1, 18i>7.
Week E n d in g -
1
E xp orted to—
M arch A p ril
25.
1.
A p ril i A p ril
8
! 15.
L iv e r p o o l.................... 11,540
Other B ritish p o rts ..
916
2,825
867
3,930
1,391
Tot. to Gt. Brit’n. 12,456
9,691
2,160
Som'
p ér it d
p rév ien s
year.
Totat
since
Sept. 1.
204.9521
57,600
182.338
86,540
268,878
3,692
5,321 11,851
262,552
H a vre...........................
Other F ren ch p o r ts ..
450
1,496
2,ft73
43
~2’ 6ÒÒ
350
Total French. . . .
450
1,496
2,573
46,225
25,459
Brem en........................
H am burg.....................
O ther p o r ts .................
2,785
100
1,315
1,530
896
1,267
2,863
1.944
3,556
62,836
22,154
29,456
46,991
10,165
27,501
.........
Tot. to No.E urope 4,200 3,693
Spain, Ita ly , & o.........
A ll o t h e r .....................
3,034
4
3,402
Total Spain, &o ..
3,038
3,402
Grand Total___ 20,144 12,283
88
504
604
1,196
8,363
114,446
84,657
3,450
2.695
950
68,246
21,113
84,895
2,061
3,450
3,645
9,967 26,432*
89,359
86,956
512,582
465,950
A verages of Temperature and R ainfall .—A s of interest
in connection with our monthly weather record, we h ave
prepared the subjoined table, which shows the State averages
of thermometer and rainfall in December, January, F eb ru
ary and March, for six years, 1892-93 to 1897-98,
December.*
Thermometer
Averages.
'á.
1
N. Ca k ’ l in a
1898 (fu ll).
1897 (good]
1896 (goodj
1895 (fu ll).
1894(good)
1893 (good)
S, CAR’LINA
1898 (full).
1897 (good)
1396 (Rood)
1895 (full)..
1894 (R ood l
1893 (good)
G e o r g ia .
1898 (fu ll).
1897 (ROOdJ
1896 (good)
1895 (full)..
1894 (good;
1893 (good)
F l o r id a .
1898 (fu ll).
1897 (good)
1896 (good)
1895 (full)..
1894 (good)
1893 (good)
A labam a.
1898 (fu ll).
1897 (good)
1896 (good)
1895 (full)..
1894 (good)
1893 (good)
L o u is i a n a .
1898 (fu ll).
1897 (good)
1898 (good)
1895 (full)..
1894 (good)
1893 (good)
M is s is s ip p i
1898 (fu ll).
1897 (good)
1898 (good)
1895 (full)..
1894 (good)
1893 (good)
Arkan sas.
1898 (full).
1897 (good!
1896 (good)
1895 (full)..
1894 (good)
1893 (good)
T ennessee .
1898 (full).
1897 (good)
1896 (good)
1895 (full)..
1894 (good)
1893 (good)
T exas.
1898 (full).
1897 (good)
1898 (good)
1895 (full)..
1894 (good)
1893 (good)
?
■<3
1
February.
O»
$
C*
&
March.
J
«
ttl
25-5
29-J
24-2
28-0
22 ■£
»
$
42-0
40 6
429
43-1
44’]
l l ’O 40-0
74T 15-4
65T
8 ’t
63T 1ST
67T
7’t
6 6 T 24T
64’8 2*0
43.8
37’5
38’9
28’fl
43’4
31-0
12 -£ 40-7
73-( 23-4 45-0
69T
8 T 42-0
4T 32-5
68-4
08-8 18-2 43-5
70-4 23-4 44-9
84-!
78-£
75T
82T
84T
73 (
53-0
532
47-5
48-9
55-2
21-2 48-4
6 8 '< 8 l f
66 -Ü 16T
63-(
7U-Í
7ÜN
70-7
January.
Low.
N o r t h C a r o l i n a .—Tlie weather during the w eek w as v e ry u n favor
a b le on accoun t o f the freeze W ednesday m orning and frosts on sub
se q u e n t dates. E astern District.—Farm w ork is w ell advanced and
■started up again latter part o f the week. Central District.—Cotton
lands are being prepared rapidly and som e planting is being done in
ex trem e south portion. Western District.—A little corn has been put
in , bu t no cotton.
S o u t h C a r o l i n a .— C otton-planting has m ade considerable progress
ov er the eastern counties, while little has been planted ov er the west-em portions or in the extrem e northeast, but the preparation o f lands
is w ell advanced and indicates that about the same area w ill be put to
•cotton as last year. A s but little cotton was up, the dam age b y frost
w as slight. Sea Island up in m any places and lookin g w ell.
A l a b a m a .—The weekw as characterized by hea v y and general rains
d u rin g the first tw o dayp. This w et spell was follow ed b y decidedly
co ld e r weather fo r several days, the tem perature being as lo w as
freez in g in northern counties on 6th and 7th, while heavy froBt occu r
red on several dates and light frost w as repori ed as fa r south as the
■Gulf coast Y oung cotton , which had made very good stands, was
feilled b y cold ex ce p t in extrem e southern counties, and m uch o f it w ill
have to be replanted; cotton-planting has been retarded b y wet
w eather but w ill bo pushed v ig orou sly d u rin g the com in g week, and
the bulk o f this crop "mil soon be seeded.
M is s is s ip p i .—During the week the rainfall and tem perature were
■deficient, with killing and heavy frosts over the northern and cen
tra l portions o f state, and light frosts further south.
The weather conditions w ere un favorable generally, and frosts in
ju red cotton, especially ov er the northern counties o f the State. V ery
little cotton has been planted, bu t the land has been prepared and
planting w ill soon becom e general. Owing to the rem arkable season
•of last year, some cotton still rem ains in the fields, and pickin g cotton
as in progress in som e places. The high water along the M ississippi
w ill delay p lanting som ew hat on lands su b ie o tto overflow outside o f
th e levees, and som e apprehension is fe lt in reg aid to the strength o f
the levees and their ability to stand the strain o f the flood w ave.
T e x a s .— V ery little cotton has been planted in the north p ortion, but
the ground is generally ready. In the central portions and coast re
g io n m uch o f the cron has been planted and som e o f the early crop is
bein g replanted,w hile the remainder has generally m ade p oor progress
o n accoun t o f cold in the first part o f the week, but shows som e im
provem en t during the last fe w days.
in fa ir condition . The yield- is estim ated to b e n ea rly 7 p er cen t less
than that o f 1896-97 and 20 per cent belo w the average, and to am ou n t
o betw een 97 ,000 and 98,000 bales o f 4 0 0 lbs. each. In the N izam ’ s
Territory the estim ated area, 1,653,000 aores, is larger than the a v er
age, but a yield o f 105,000 bales on ly is anticipated, this being, o w in g
to an u n favorable season, m uch less than the average. In C entral
India the yield is ex p ected to ex ceed the yield o f 1896-97, and it is
also beyon d the average. T he rep ort is, how ever, d efectiv e, o w in g to
the om ission o f the figures f o r Indore.
Low.
State W eekly Cotton R eports.—W e give below sum
m aries of the reports for the week ending April 11 issued by
the various States under the auspices of the Weather Bureau
•of the U nited States Department of Agriculture, so far as
they apply to cotton.
771
ELow.
THE
! Low
A pril 16, 1898.]
18T
10"2
21 ’f
72-0
09T
7PI
74-2
73T
73-6
21-4
8 ’t
25-9
18’8
28’4 48’4
43’8
44 0
48’9
49’6
476
75’8
67*4
66’4
72’C
71’S
43’2
l3 ’5
48’4
45‘ 3
49’4
38’9
74-4
70-0
72T
76T
74T
74-3
8-4
5-8
22-5
33-3
45-3
49-0
49-6
37-4
49-8
50-3
84-8
83-C
80-6
83-£
80"£
79-8
30-0
81H
29-0
29-C
25"(1
21-9
59-1
55-9
52 6
53-8
59-5
54'1
72T
70-7
78T
78*0
72-0
69-5
30-7 49’2
28T 46’4
2 IT 47’S
H-e 49’8
25T 500
20-5 46-0
76’3
67’7
69’3
70-0
72’2
67*0
19’£ 51’ 1
U ’7 43’ 7
48-1
U ’4 45’3
26’4 50-0
1 2 ’8 38*8
72-£
70-7
73-C
73-C
75-4
74-0
18-3 40-8
27-0 52-2
15-3 49-5
0-8 37-9
24-2 49-8
32*5 54-0
84-7
84-3
85-9
83'fl
87-0
81-4
340
35-7
28-7
80-8
24-3
24-0
01-3
55-5
53-7
54-9
57-1
55-5
80-C
77-5
77-7
79-5
7H-.3
80-4
39’8
36-0
28’7
15-8
85’2
30-8
60-9
57 7
54’2
58’fc
60*2
50
81-8
76’7
74’5
78’3
78-0
74’5
25’ 9
25’8
23TJ
28-0
37’5
26’3
55’4
53’4
57-1
57’9
50*7
785
82-5
77 7
70-3
80-3
82-3
31-0
37-3
310
10-5
33-0
40-8
03-8
84-8
80'8
84-5
84-5
87-0
83-0
43-0 88-0
47-6 70-0
03-3
870 03-4
34-5 05*9
30-0 01-7
73-<)
74-4
7P2
7.3-fl
71T1
752
27’6 502
24-0 46T
20-8 47-0
16’0 54-0
23’4 50-3
16’2 48’C
768
76-0
70-0
74’3
73’4
69-0
17’fi
18’0
17’4
15’0
17’8
13’1
50’0
48-0
46’0
45-0
56’7
41-5
73-6
79-2
72-4
72-7
81-8
73-4
20-0
48-0
52-9
49-8
39-3
50-0
54-1
833
82-0
83-0
82-7
81-7
80-5
31-2
80-4
28-0
28-7
24-7
23-7
76-0
78-8
74T
81’,3
78TS
79’5
25’5
28’0
27*0
140
29’3
56 0
52’8
56’2
21*6 51-7
79’3
74’5
74’5
77’2
77-0
73-0
24’8 52’8
16*5 474
49’ 1
218 49-1
19’2 51-9
26-0 48’9
75-5
81-8
74-8
75-0
76-0
70$
29-3
32-8
32-8
9-0
531
55-4
53-9
42-7
20-0 50-3
33‘2 56-4
85-3
85 8
83-5
84-8
83-5
82-2
84*8 01-8
89-Í- 05-0
88-2 69-0
33-3 60-0
29-8 00-5
29-4 58-7
76’7
77T
75’8
78’J
77’8
77’3
22-0 47-2
23’8 49-1
20 f. 49-1
9’3 48’4
22-1 E0’5
13-3 44*5
76’3
70’8
730
74’3
75’7
72-1
20’S
10’ 7
16’2
15’2
12’4
12’9
47’2
43’5
40’4
47-0
48*6
43-0
76"5
79 8
72-8
75-3
752
75-1
21-5
23-4
23-8
4-0
230
20-4
50-8
53-5
49-7
39-7
48-6
51-0
85-5
84-5
84-2
85-0
88-9
84-8
31-8
34-7
25-0
31-0
23-9
71’8
71TJ
88’4
71-8
70-8
72T
19-3
18-8
17-4
4-0
17-8
72’S 19’3
6 8 ’8
9’0
6 6 ’ 2 13’2
73’4 7’6
74’5 1’ 0
69’5 10’ 0
45’9
37’9
41’0
30’4
43’7
40’0
14-8 45-4
19-2 40-7
21-0 44-9
- 4 0 32-8
18-4 40-8
00-0 15-5 42-5
82-2
80-8
81-0
85-4
82-8
79-5
20-2
51-3
5-2‘S
46’4
44’7
43-1
43’6
44’6
12’2 42’4
17’6
13’4
18’2
1ST
26’8
68 6
9-9
68 T
IH’ 8
00-8
22-0
89-4
77-8
73-2
73-8
07-4
10-0
22 "€
24-0
21-4
3-0
27-0
320
58-2
02.8
57-7
50-0
60-e
88-0
21-6
28-4
29-2
24-0
22-4
00-8
02-0
54-2
55-3
58-7
54-3
59-0
02-1
54-5
57-8
57-5
54-0
53-8
55-1
In B engal the area sow n with late cotton is estim ated at 71,500
48-9
51-0
acres, an area slightly below the average. The season was, on the
22-2 54-1
w hole, favorable, and the yield w ill be fa r better than that o f 1896-97,
10-0 50-1
though still sm aller than the average. In Bom bay the area sow n w ith
<sotton, both early and late, is estim ated at about 4,510,000 aores, an
70-7 2 0 ’ S 43-1 89’3 18’0 44’9 69-0 13-3 42-2 78-7 29-0 54-2
area m uch below that sow n last year and also still m ore b e lo w the
69’7 20-5 44’6 67-0 4’8 37.0 89-0 15-1 41-3 79-8 34-8 53-8
average, the le lu o t io n being due p artly to insufficient rain when the
68 T) 16-7 42’6 63’7 11’5 41’ 1 08-8 12-0 41-7 79-0 25-2 48-0
tim e fo r sow ing cam e round, and partly, as stated in the earlier n o
07T
3’0 41-8 59’5 1’ 0 33’8 08-6 —4-8 31-4 84-0 20-7 50-8
68-7 18-5 42-0 67’7 —0’5 43’8 65-8 14-8 39-5 7WS 18-2 63-3
t ic e s o f the crop , to the substitution o f fo o d grains fo r cotton, in v iew
71T lO’O 38’5 64’8 3T 33’3 09-5 1.8 -0 43-4 77-8 13-0 48 3
t o the replacem ent o t exhausted stocks. The y ield is estim ated at
about 806,000 bales, this quantity though m ore than the yield o f
75’7 21-7 47’5 77’2 24’f 52’3 79-1 287 55-9 852 81-0 00-5
1896-97, when the crop w as injured b y drought, being m aterially
76T 26’6 52’7 74’2 14’2 40’3 80-7 28-4 54-5 85-1 £0-4 04-6
m ailer than the average.
76’ 1 26’8 50-9 72’0 22’7 48’4 76-3 8P4 55-2 84-0 32-8 59-2
In Sind also the yield is com paratively small, the condition s o f the
5-4 41-3 84-7 29-5 59 3
79’ ] 12-7 ?3"7 76 9 19’7 481 754
season leaving m uch to be desired. In Madras the area estim ated to
7»’l 26-8 55’4 78’5 10-6 51-9 70-9 2V5 483 88-5 29 4 60-/7
have been actually sow n (excluding the zam indari area) to the end of
79T 19-0 50-eJ 75’2 24’3 490 77-01 25-0 51-9 83T 29 8 58 8
January is 1,376,000 a c r e s ; bu t the total area estim ated fo r the sea
*
AVA. A/VUOXUDUi (VLU XV/A J VUIAO A-WV I 1896,1895, 1 8 9 4 ,1 8 o3
s o n is stated at 1,471,600 acres, this being about 5 per cent m ore than and 1892.
th e Iarea sow n last year but 2 per cent sm aller than the average. The
Eg**The w ords “ fu ll” and “ g ood ” follow in g the years g iv en a b o v e
c r o p has been injured b y blight o r d rou ght in som e o f the p rin cip al I ineanslm ply that the aggregate crop fo r the y ea r nam ed w as fu ll or
•cotton-growing districts, bu t elsewhere Is stated to be, on the w h ole, * „ „ o d .
THE
772
The rainfall averages are as follows :
December.*
Rainfall Averages.
Rain Days
fall. rain.
N’RTH CAROLINA.
1868 (full) ..........
1897 (good )...........
1896 (good)...........
1896 (fu ll).............
1894 (good)...........
1893 (good)... . . . .
South Ca r o l in a .
1898 (fu ll).............
1897 (good)...........
1896 (good)...........
1896 (full).............
1894 (good)...........
1893 (good)...........
G eo rg ia .
1898 (fu ll).............
1897 (good)...........
1886 (good)..........
1896 (full).............
1894 (good)...........
I t 93 (good)...........
F l o r id a .
1898 (fu ll)............
1897 (good)...........
189« (good).......
1895 (ful .)...........
1894 (good)..........
1893 (good)..........
A labam a.
1898 (fu ll)...........
1897 (good )...... .
1896 (g o o d ).. . . . .
1895 (full)...........
1894 (good)..........
1893 (good)..........
L o u is ia n a .
1898 ( f u l l ) ... ... ..
18b7 (good)........ '
1896 (good ).........
1895 (m il)...........
1894 (good)........
1893 (good)..........
M is s is s ip p i .
1898 (fu ll)...........
1897 (good)..........
1896 (good).........
1895 (full)...........
1894 (g o o d ).......
1893 (good)..........
ARKANSAS.
1898 ( f u l l ) ......
1897 (good).........
1896 (good)........ .
1895 (fu ll)...........
1894 (good)........
1893 (good)........
T e n n e s se e .
1898 ( f u l l ) ... ... .
1897 (good)........
1896 (good)........
1896 (fu ll)..........
1894 (good)........
1893 (good)........
Texas.
1895 (fu ll)..........
1897(good )........
1896 (good)........
1895 (lu ll)..........
1894 (g o o d )......
1893 (good)........
February.
January.
Rain- . Days Rain
fall.
ain. fall.
3*17
2*38
2*71
5*22
3*99
8*75
in
23*84
3266
8-15
2*55
29 l*9t
2*81
81 8^5
7*87
2*91
7
7
7
13
28-84
33‘27
2-61
3-30
3-18
2-62
2-ee
2-84
3*26
268
7
6
13
11
9
1*07
5-77
5*65
2*61
4*83
5*43
2*20
11
6
0*75
7*84
5*54:
8*04
4*84
6*08
41 1*69
2*74
2» 3*78
5*50
2*89
2 63
10
10
8
11
10
6
8
0*58
6
6
4
4
7
9
3*87
3*88
2*34
3*19
5*11
2*23
4*13
4*42
10
5*16
10
3*77
297
4*47
6*76
5*69
2*48
5
5*41
5*90
1*75
3*76
10
6*75
6*18
13
9
8
4*45
4*83
3*08
4*48
2*48
6*03
3*05
3*64
3*09
1*54
1*33
3*88
3*73
8
5
6
9
8
2*88
6
2*66
3*05
4*s7
2*63
7*83
289
2*97
7
13
8
6
11
1*88
4
7
10
1*91
7*02
2*93
3*61
4*45
3*67
11
2*68
7
9
9
7
9
9
14
11
8
6*68
10
8
10
4
9
9
7
11
8*46
6*50
4*12
«
12
4
13
9
7
13
14
3
6
7
6*61
0*77
8*18
8*49
2*05
8*36
6*08
7
0*57
7*84
4*27
3*02
0*79
5 64
12*06
9
7
15
2*22
8
9
17
7
6
3 11
4*58
1*80
1*91
5*63
4*77
4*21
3*98
5*92
4
11
8
15
8
11
8
11
14
lo
9
4
5*97
3*86
8*64
6*50
3*15
7
li
13
10
4*60
4*73
2*75
4 76
16?
1*82
2*00
4*19
4*83
1*91
1*01
5
11
10
0*13
3*38
311
0*11
11
383
3*42
3*39
2*48
6*54
9
7
10
9
10
9
10
12
10
0
7
8
7
12
9
2*88
4 04
5
7
9
8*01
8
10
8
8
0*01
11
12
10
11
10
8
2
2*60
8*06
3*00
0*70
5*73
4*21
10
8
0
1*03
4*48
[VOL. L i V l .
This statem en t sh ow s that up to March 31 the receipts
at the ports this year were 1,693,912 bales more than in 1896-97
and 3,194,828 bales greater than in 1895-96. B y adding to
March.
the totals to March 31 the d a ily receip ts since that tim e we
Rain Days shall be able to reach an e x a c t c om p arison o f the movement
fall. rain.
for the different years.
12
8
2"B8
Dayt
rain.
CHRONICLE
11
8
8
6
8
6
13
2*75
661
5*39
8*90
7*33
8*75
8
14
10
2*33
5*78
4 64
4-70
7*90
3*13
8
10
3*90
7*0«
5*40
7
11
5
7
7
12
12
9
8
8
10
7
1897-98.
1896-97.
1895-96. 1894-95.
1893-94.
1892-93.
To.M’h.31 7,993,039 6,299,127 4,798,211 7,250,497 5,475,886 4,566,567
18,350
S.
6,036
9,044
3,333
10,309
A pr. 1 . . . .
19,642
7,529
8.
6,644
8,654
8,714
“
2 ....
9,900
10,153
7,305
9,015
19,508
S.
«
3 ....
5,850
13 ,29a
7,319
8.
12,517
10,549
« 4 ....
4,968
5 ,9 7 »
23,271
7,269
8.
14,450
“
5 ....
18,102
7,391
13,312
11,318
10,956
8,950
«
6 ....
10,651
8,718
7,374
11,723
S.
6,708
«
7 . ...
15,314
7,273
S.
4,094
7,668
20,505
“
8 ....
7,390
S.
26,233
9,375
9,641
9,911
“
9 ...
10,704
18,47212,549
8,081
5,439
8.
» 1 0 ...
11,862
6,876
8,942
9,621
S.
12,723
“ 11 ..
18,721
5,910
4,819
S.
8,606
13,317
“ 12 . .
5,264
6,621
8,151
18,285
9,517
9,130
1 1 3 ...
7,904
S.
7,177
6,437
2,964
8,147
“ 1 4 ....
7,827
5,189
20 ,605j
8.
11,027
16,846
“ 15 . .
T o t a l. . 3,143,298 6,395,306 4,906,114 7,466,064 5,593,279 4,679,206
P 'oent’ ge o f tot-port
91*32
94*73
90 94
93*48
93*82
receipts A p ril 15..
T h is s t a t e m e n t m o w s th a t t h e r e c e ip t s s in c e S e p t. 1 u p to
t o - n i g h t a r e n o w 1,747,993 b a le s g r e a t e r t h a n t h e y w e r e t o th e
s a m e d a y o f t h e m o n t h in 1897 a n d 3,237,181 b a le s m o r e t h a n
th e y w e r e t o t h e s a m e d a y o f th e m o n t h i n 1896. W e add t o
th e t a b le t h e p e r c e n t a g e s o f t o t a l p o r t r e c e ip t s w h ic h had
b e e n r e c e i v e d t o A p r il 15 in e s c h o f t h e y e a r s n a m e d .
«*<6
76
2*43
6
5‘SW
9*31
5*02
5*02
3*88
3*56
J u t e B u t t s , B a g g in g , & c . — T h e m a r k e t f o r ju t e b a g g in g
h a s b e e n d u ll d u r in g t h e w e e k u n d e r r e v ie w , b u t q u o t a t io n s
a r e n o m in a lly u n c h a n g e d a t 4 % c . f o r 1 % lb s ., 5 c . f o r 2 lb s .
a n d 5J^c. f o r
lb s . T h e m a r k e t f o r j u t e b u t t s c o n t in u e s
d u l l . Q u o t a t io n s a re n o m in a lly •75@ ’ 7J^c. f o r p a p e r q u a l i t y ,
l ^ c . t o r m ix in g a n d l ) ^ c . f o r s p in n in g c u t t in g s , t o a r r iv e .
S h i p p i n g N e w s .— A s s h o w n o n a p r e v io u s p a g e , t h e
e x p o r t s o f c o t t o n f r o m t h e U n it e d S t a t e s t h e p a s t w e e k h a v e
r e a c h e d 145,075 b a le s . T h e s h ip m e n t s in d e t a il, a s m a d e u p
4*70
1*20
6
11
9 81
13
5*15
fr o m m a il a n d t e l e g r a p h i c r e t u r n s , a r e a s f o l l o w s :
8*68
10
8
8*08
8*87
4
1*32
Total bales.
li
4*81
12
3*94
12
2 *8 «
10
4-87
Ne w Y o r k —T o L iverpool, per steam er Cym ric, 9,491 upland
il
6*07
0*94
4
9
4*09
8
3*34
9
6íj
O
and
200
Sea
Island........................................................................
"»691
876
14
11
4*82
7
3*83
7
2*85
11
5*61
«
To Hull, per steam er M artello, 1 ,3 3 4 .......... . ................. . . . . . .
1*02
10
7*68
T o London, per steam ers B oadicea, 701 — V irginian, 2 5 ...
72 6
8
2*68
6
10
8*18
To M anchester, per steamer H olbein, 1 0 0 ................... .
10O
4*22
8*75
10
4*72
a
0*05
3*78
9
To H avre, per steamers L a Bretagne. 100 u p la n d ....L a
2*21
6
2*60
s
8
4*70
4*67
2*79
Champagne, 875 upland and 24 Sea Island----Strathleven,
8
2
*
0
«
8*70
7
6
2*27
1*65
1.609 upland and 65 Sea Island...............................- - - - - - ----2,573
9
3*67
2*58
f
7
2*64
I'll
T o Brem en, p er steamers Friedrich Der Grosse, 2 ,4 28----7
1*68
0*80
4
0*62
5*28
K aiser W ilh elm D er Grosse, 4 3 5 ....... v*L' *VA "
T’o ? ?
T o H am burg, per steamers Brasilia, 1,8 94— Palatia, 5 0 ... 1,944
an d 1892.
T o R otterdam , per steam er Rotterdam , 2 , 0 2 6 . . . . . . . ....... .
2,02b
T o A ntw erp, per steam ers Friesland, 1,196— M enantio,
T h e F o l l o w in g a b b t h e cjross r e c e i p t s o f C otton at
150 .. St. Leonards, 1 8 4 ...........................................................
New Xork, Boston, Philadelphia and Baltim ore for the past
T o Lisbon, per steam er Vega, 1 0 0 . . . . . . . . . . . . . . .........i 5 oq
week, and since September 1, 1897.
To Genoa, per steam ers California, 1,499— Pocasset, 4 0 0 . 1,899
T o Naples, per steam er Pocasset, 3 0 0 .......................................
300
T o V enice, per steam er Pocasset, 3 5 1 ........................................
ooi
PHILADELPH’A BALTIMORE.
BOSTON.
New Y o r k .
T o Trieste, per steam er Pocasset. 4 5 .........................................
4i>
Receipts
This
Sint
To Japan, per steam er Fortuna, 7 5 0 ..........................................
Tou
Since
This
Sine*
This
Sine*
This
T
o
China,
per
steamer
Fortuna,
v
0
0
...................................
4uu
Pitch. S e p t .l. pics} . Sept. 1 . vieth. S e p t. 1 . w e e ) . Sspl
N e w Orle ans —To L iverpool—A p ril 9 —Steamer Mira, 4,413
...A p r . 11—Steamer Traveller, 5 ,5 1 9 ...A p r. 12—Steamer ■
j f , Orleans... 8,584 320,622
W est Indian, 2 ,2 0 0 ...A p ril 13-S tea m er M agician, 10,275 22,407
70,772
10,149
206.S13
Toxtiti
To
Belfast—A p ril 15—Steamer Inishow en H ead, 1,700......... 1,700
46,342
1,629
Savann’ h &c 2,772 264,972 1,506 100,614
To H a v r e -A p r il 11—Steamer Italian Prince. 3,2 5 o .............. 3,250
To B rem en—A p ril 9 -S te a m e r Hermann, 4 ,8 7 6 . . . . . . . . ......... 4,87b
M o b ile ........ ......... ............ •MM. .......... .
T o R otterdam - A p r il 12—Steamer Thorntondale, 200 . . . . .
200
5,010
8
F lorida........
To A ntw erp -A p> il 11—Steamer Sardinian Prince, 1,559... 1,559
85,470
50,783
505
So. Carolina
To
G
enoa—A
p
ril
9
-S
te
a
m
e
r
M
oorish
Prince,
2
,
5
5
0
.
.
.
.
.
.
.
.
.
2,550
11,558 . . . . . .
............
No. Carolina
0,173
644 0,000 150,389 G alveston —To L iverpool—A p ril 13—Steamer D anstan, 6,173.
99,990
60,296 1,000
480
V irginia. . . .
To M anchester—A p ril 9 -S te a m e r Freshtield, 4 ,6 3 1 ............. 4 ,b 3 i
6,767
400
4,451 11,143 159,202
North, ports
T o Rotterdam —A pril 12—Steamer City o f York, 3 5 0 ...........
35 0
07,500
1,048
69,372
95,014 3,450 180,553
T o A n t w e r p -A p r il 8—Steamer Olinda, 1.096........................
1.09b
Tenn., A c ... 1,411
T o Genoa—A pril 9—Steamer Silverdale, 3,601........................ a:b o i
38,093
12,281 2,544
481
Foreign........
Corpus C h r is t i . & c .—T o M exico, per railroad, 5 0 . . . . ................
8,077 200,297 Mo b il e —T o L iverpool—A p ril 1 5 -S te a m e r M obile, 4,6 55..........
4,65&
T o ta l........ 24,850 1,130,799 19,648 740,689
m»
Annil
GtooTnnr DhlAlrdiilp
To B rem en—A
p rilIQ
13—Steamer
Chickdale,F>5 .6 2 6 __________
........... OatlAV
5,02 6
4,904 _ 229,811
L a stvea r.... 17.038 919,971 7,959 514,944 1.713
P en sacola — To L iverpool—A pril 11—Steamer A licia, 8 9 3 ......
893
6,528
B
r
u
n
s
w
ic
k
—To
L
iverp
ool—A
pr.
13—Steamer
St.
Fillans,
6,52>
(JO M PA B A TIV E P O R T tiE O E lP T S A N )' D A I L Y C R O P M O VE M E N TC h ar lesto n —T o B rem en—A p ril 9 —Steamer Progressist, 9,135
— A comparison of the port m ovem en t by w eeks is not
upland and 64 Sea Island............ . . . . . . . . . .......................... y ’i x x
accurate as th e weeks in different years do n o t e n d o n the
To H am burg—A p ril 9—steam er Dalmatia, 1,0 00— J...........
,
T
o
Narva—A p ril 13—Bark Iona, 1/771 - - - - - - - - - - - - ..............
L £71
sam e day of the m onth, W e have consequently added to our
T o B a rcelon a - A pril ) 5 -S te a m e r Com scliffe, 6 ,9 6 9 ...- .- - - . 6,969
other standing tables a daily and m on th ly statem ent, that Wilmington —To L iverp ool—April 12—Steamer l earby, 9,133. 9,133
th e reader may constantly have before him th e data for N e w p o r t N e w s —T o L iverpool—A p ril 13—Steamer Shenan6*02
8*89
1*40
3
10
seeing the exact relative m ovem ent for the years named.
The m onthly movem ents since September 1, 1897, and iB
previous vears. have been as fo llo w s:
_____________________
M onthly
R eceipts.
Sept’ m b’ r
O ctob er.
N ov em b’r
D eoem br
Ja n u a ry
February
M arch . .
1897.
1896.
1895.
1893.
iiagTo H ull—A p ril 7—Steamer H indoo, 7 9 9 ....... , - - - ........... ------
1892
786,702 912,486 383,886 518,762 377,408 405,355
1.424.907 1,468,516 1,202,460 1,622,664 1,311,279 1,135,473
1.776.907 1,286,251 912,759 1,607,662 1,272,776 1,125,855
1,584,948 1,256,000 987,899 1,497,560 1,239,738 930,029
1,114,873 635,878 548,118 938,197 687,028 436,457
737,080 404,976 441,776 533,398 330,504 291,648
257,163 241,750
567,622 335,020 321,313 532,254
7,993,039 6,299,127 4,798,211 7,250,497 5.475,836 4,566,567
T otal.
P ’ oent’ge o f tot.p ort
PR*) 2
91*52
91 99
SR 94
92*41
receipts Meli. 3 1 ..
A pril 8 —Steamer Catalonia, 2,233— A p ril 1L—-Steamer
Sagamore, 5 2 7 ....A p r il 12—Steamer Armenian, 4,358 upBdiKEInland and 167 Sea Islan d — A p ril 13—Steamer Corinthia,
■¿¡#*■•191............................................................................................ ................
Y ear B eg in n in g S eptem ber 1.
1894.
B o st o n —To L iverpool—A p ril 7—Steamer Roman, 1,533—
skip
B a l t im o r e —To L iverp ool—A pril 1—Steamer Oakm ore, 1,267
A p ril 7 —Steamer V edam ore, 782 upland and 250 Sea
.Isla n d __ A p ril 13—Steamer Templemore, 1,466..................
To L on d on —A p ril 7 —Steamer Lord Erne, 30 0........................
To H a vre—A pril 7—Steamer A vona, 250..................................
T o Rotterdam —A p ril 7—Steamer Nerano, 50 0........................
To A ntw erp —A pril 12—Steamer Trojan, 7 9 9 ............... -----P h il a d e l p h ia —To L iverpool—A p ril 8—Steamer Belgenlana,
y >y y y ‘
<yy
3,7bb
300
260
7yy
368
3,177
S e a t t l e *— T o J a p a n —A p r il 9 —S tea m er K in s h iu M a ru , 3 ,1 7 7 . ..
60G
Sa n F r an c isc o —T o J a p a n —A p r il 12—S te a m e r P eru , 600.......... ...............
T o ta l.......................................................... - .....................- ................145,075-
The particulars of the foregoing shipments, arranged in,
our usual form, are as follows. . .
__ &
_____
A pril 16, 1888.
THE
CHRONICLE.
Great French Ger- , - Oth. K’rope—, Mexico,
B rit'n. ports. many. North. South.
Ac. Japan. Total.
N ew Y o rk . 11,851 2,573 4,807 3,556 2,695
200
750 26 432
N. Orleans. 24,107 3,250 4,876 1,75» 2,550
36,542
G alveston. 10,804
1,446 3,601
15,85L
Sab. P .,& c ...............
50
50
5,626
MobUe....... 4,655
1 0 ,281
P ensacola.
893
893
B runsw ick 6,528
6,528
1Ò',Ì99 1,771 6,969
O harleston
18,939
W ilm ingt’n 9,133
9,133
N’p ’t News
859
859
B oston . . . .
9,808
9,808
250
1,299
B altim ore. 4,065
5,614
PhUadelp’ a
368
368
San F ra n ..
600
600
Seattle.......
3,177
3 ,1 7 /
T o t a l .... 83,071
6,073 25,503
9,831 15,815
250 4,527 145^075
To Japan since September 1 shipments have been 1D8,649
bales from Pacific Coast, 8,700 from N ew Orleans, 23,029 bales
from Galveston, 7,100 biles from Pensacola, 4,510 bales from
Mobile and 19,771 bales from New York.
Cotton freights at N ew Y ork th9 past week have been
as follows.
Satur.
L iv e r p o o l........... .c.
H a v r e .................
B rem en .............. .c.
H a m b u rg ...........
A m sterdam ....... .c.
R eval, v. Hamb. .e.
D o v.B rem ’n.c.
D o V. H uH .. .c.
R otterdam ......... Jéf
G e n o a ................ d.
Trieste................ .d.
A n tw erp ............ d.
G h ent,v.A n tw ’p.ii.
Mon.
Tues.
Wednes. Thurs.
18t
33t
271
301
33t
461
42t
38t
301
351
18t
331
271
30
33
46 ■
421
381
301
35t
18t
33t
271
301
33
461
421
38t
301
351
181
331
271
30
33
46
421
38f
301
351
181
331
27t
30
33'
46
421
381
30t
35t
1364
964
1164
1S64
®64
1]64
1S64
V
“ 64
1%
1S64
»64
1 64
” 6«
F ri.
181
33
271
30'
331
461
42t
38t
301
35t
i 3e.
961
»6
1% .
L iverpool .— By cable from Liverpool we have the follow ing statem ent of the week’s sale3. stocks , «fcc., at that port.
Mch. 25.
A p ril 1.
A p ril 8. A p ril 15.
Sales o f the w eek ...........b ales.
55.000
59.000
59.000
44.000
O f w h ich ex porters t o o k ...
1,300
1,100
2,300
2,200
O f w hioh speculators took.
500
400
900
800
Sa es A m e r ic a n ........................
51.000
57.000
56.000
41.000
Aotua e x p o r t............................
7,000
7,000
13.000
6,000
F orw arded ..................................
74.000
62.000
76.000
51.000
T ota l stock—E stim ated.......... 1,216,000 1,186,000 1.219.000 1.242.000
O f whioh A m erican—E stm ’d L,077,000 1,082,000 1.121.000 1.142.000
Total im port o f the w e e k .......
83.000
80,000
123.000
80.000
O f w hioh A m erican ..............
55.000
70,000 113.000
74,000
A m ount afloat............................ 232.000 212,000 161.000
173.000
O f whioh A m erican ..............
230.000 210,000 l e i , 000 170.000
The tone o f the Liverpool m arket for spots and futures
each day of the week ending April 15 and the daily closing
prices o f spot cotton, have been as follow s.
Spot.
M arket, )
1:45 p. M. ¡J
Sat’day.
M onday. Tuesday. Wed’day. Thursd'y F riday.
Fair
J
M id. U pl’ds.
Sales............
Spec. & exp.
Futures.
M arket, Ì
1:45 P. M. \
M arket, ?
4. P. M. )
£
«3
2
©
ft
öS
2
c
business
doing.
Quiet.
Steadier.
3716
3716
3716
Good
business
doing.
31632
10,000
1,000
10,000
1,000
10,000
1,000
Quiet.
Steady.
Quiet.
Steady.
Barely
steady.
Barely
steady.
Barely
steady.
Steady.
12,000
1,000
ft
;
The prices o f futures at Liverpool for each day are given
below. Prioes are on the basis of Uplands, Low M iddling
clause, unless otherwise stated.
£ # ” The p r ic e s a re given in p en ce and 64ffcs.
3 63-64«/., a n d 4 01 m eans 4 l-64«f.
A p r il 9 to
A p r il 15.
A p r il............
A p ril-M a y ...
M a y -J u n e ...
Ju n e-J u ly ...
J u ly -A u g . . .
A u g .-S e p t...
S e p t.-O ct....
O c t.-N o v ..„.
N ov-.D eo. ..
D e o .-J a n ....
J a n .-F e b ,...
F e b .-M o b ...
S a t.
M on.
i
1
;
•
c3
©
w
;
¡
;
¡
i
T ues.
1:45
4
T h u s:
W ed.
4
1:45
3 63 m eans
T h u rs.
4
1:45
F r i.
1:45
c3
©
tí
d.
3 22
3 22
3 23
3 23
3 23
3 23
3 22
3 21
3 20
3 20
3 20
d.
3 22
3 22
3 23
3 23
3 23
3 22
3 21
3 20
3 20
3 20
3 20
3
3
3
3
3
3
3
3
3
3
3
d.
22
22
22
23
23
22
21
20
20
20
20
3
3
3
3
3
3
3
3
3
3
3
d.
23
23
23
23
23
23
23
22
21
21
21
3
3
3
3
3
3
3
3
3
3
3
d.
24
24
24
24
24
24
23
23
22
22
22
d.
3 26
3 26
3 26
3 26
3 26
3 26
3 25
3 24
3 24
3 24
3 24
d.
3 25
3 25
3 25
3 25
3 25
3 25
3 24
3 24
3 23
3 23
3 23
BREADSTUFFS.
F rid a y , April 15, 1898.
A fair volume of business has been transacted in the m ar
ket for wheat flour, as both exporters and the home trade
have b ’ en in the market as buyers and have made moderate
purchases. Daring the latter part of the week there was a
cem and for winter straights for the W est Indies, and the
«ales made were at fa ll values. City mills have had a fair
sale and have brought firm prices. Rye flour has bad a more
active sale and full figures have been paid. Buckwheat flour
has been dull and without changes. Corn meal has sold fairly
well both for export and for home consumption; values have
been unchanged and firm.
The speculative dealings in the market for wheat futures
has been moderately active and the tendency of prices has
been towards a higher basis, particularly for the nearby
deliveries; the continue! activity of the export demand, to
gether with only moderate offerings and the war talk, being
the strengthening features. Early in the week, in the ab
sence of foreign advices and under favorable crop prospects
and bearish statistics, prices weakened slightly.
Tues
day, however, there was an advance in prices of
on moderate buying, stimulated by an active
export
demand
and
unfavorable
crop
advices
from
the
Southwest.
Wednesday
prices
advanced
sharply, as uneasiness over the political situation stimulated
active buying for foreign account, and foreign advices came
decidedly stronger, the market closing 2%f§|2^c. higher for
the near by deliveries and
up for the distant
months. Thursday the market was higher early in the day
on war talk, stronger foreign advices and the continued ac
tivity of the export demand. Subsequently there was a re
action under realizing sales, and the close showed the near-by
months % @ l> £ c . higher, and the more remote deliveries %c.
lower for the day. To-day there was a decidedly weaker
turn to the market, as the short interest has been
largely eliminated during the advance in prices early
in the week, and to-day, under realizing sales by longs,
prompted by weaker foreign advices and favorable crop
prospects, prices declined sharply, closing at a net loss for
the day of l% @ 3 c . The spot market has been active, as ex
porters have been large buyers. To-day the market was
fairly active, the export sales being 200,000 bushels. N o. 2
red winter to arrive was quoted at $1 0 7 ^ f . o. b. afloat, N o.
1 hard Duluth do. at $1 15 f. o. b. afloat, and N o. 1 hard Man
itoba for late M ay delivery at f t 1 1 ^ f. o. b. afloat.
DAILY CLOSING PRICES OP NO. 2 RED WINTER WHEAT.
Sat.
,..c. 101%
..0.
88%
. . 0.
81%
. . 0.
81%
Mon.
101%
38%
80%
81%
Tues.
103
89%
81%
82%
Wed.
105%
91%
831a
83%
Thurs. Fri.
107
104
924*
8 9 78
833g
82
833a
81%
Only a limited amount of interest has been shown in the
market for Indian corn futures, but there has been a stronger
undertone and prices have advanced slightly on an unprec
edentedly large export business in the way of acceptances of
offers and purchases made. The war talk, stronger foreign
advices and sympathy with the advance in wheat also have
had a strengthening influence. To-day the market was quiet
and easier in sympathy with the decline in wheat. The spot
market has been unusually active, as exporters have been
large buyers. To-day the sales for export here and at outports were about 750,000 bushels, including N o. 2 mixed at
3 6 ^ $ 3 6 ^ c . for prompt to 3 8 ^ c . for September delivery
f.o.b . afloat.
DAILY CLOSING PRICES OP NO. 2 MIXED CORN.
M a y d eU v ery .................o.
Ju ly d elivery ................. c.
Sat.
34%
35%
Mon. Tues.
343» 34*9
35%
35%
Wed.
35
36
Thurs. F ri.
35
34%
36%
35%
Oats for future delivery have continued dull, but there has
been a firm tone td the market, and prices advanced during
the latter part of the week, in sympathy with the rise in val
ues for other grains and unfavorable crop accounts from the
W est. Exporters were fairly large buyers, and this also had
a strengthening influence upon values. To-day the market
was easy in sympathy with the decline in other grains. The
spot market has been fairly active. To day exporters were
active buyers, taking 500,000 bushels, prices closing at
80%c. for N o. 2 mixed in elevator and 32%c. for No. 2 white
in elevator.
DAILY CLOSING PRICES OP NO. 2 MIXED OATS.
M aydeU very.................. o.
Sat.
29%
Mon
29%
Tues.
29%
Wed.
30%
Thurs.
30
F ri.
29%
Rye has been in demand for export, and prices have ad
vanced. Barley has been sparingly offered, owing to light
supplies, and values have ruled firm.
The following are closing quotations:
4
P. M. P. M. P. M. P. M. P. M. P.M. P.M. P.M.
d.
3 24
3 24
3 24
3 24
3 24
3 24
3 23
3 22
3 21
3 21
3 21
773
PLOUR.
P in e................................ $3 20® 3 30
Patent, w in te r ....... $4 85 ® 5 15
Superfine....................... 350® 3 75
C ity mUls, extras . 5 50 ® 5 60
Extra, No. 2 ................ 3 60® 3 80
R ye flour, superfine 2 75 ® 3 25
Extra, No. 1 ........
3 40 ® 4 00
Buckwheat flo u r ... 1 1 0 ® 1 25
C om m eal—
C lears..................
4 20 @ 4 40
Straights....................... 4 50@ 5 30
W estern, etc......... 1 95 ® 2 05
Patent, Spring....... 5 20 ®6 05
Brandyw ine
210
[W heathour in sacks seUs at prioës below those fo r barrels.]
GRAIN,
Wheat—
o.
H ardD uluth, No. 1.113 ®
Red W inter, No. 2..105% ®
H ard Man., No. 1 ..1 0 9 % ®
Northern, No. 1 ...1 1 0 ®
Oats—M ix’ d, per bsh. 30% ®
W h ite ....................... 32 ®
No. 2 m ixed ............ 30% ®
No. 2 w h it e ... . . . . . . 32% ®
o.
115
107%
111%
112
33%
38
31%
33%
C om , per bush—
c.
c.
W estern m ixed ............34 ® 3 8 %
No. 2 m ix ed ......... .....3 4 % ® 3 8 %
W estern Y eU ow ..........35 ® 3 7 %
W estern W h it e ........3 5 % ® 3 8 %
R ye—
w estern, per b u s h ....5 9 % ® 6 0
State and J ersey ........55% ® 59
Barley—W e s te r n ..........45 ® 53
F e e d in g ....................... 4 2 ® 44
A gricultural D epartment R eport.— The report of the
Department of Agriculture, showing the condition of winter
grain on April i , and the mortality of farm animals was i s
sued on April 11 as follows:
The report o f the D epartm ent o f Agriculture fo r A p ril 1 m akes the
average con d ition o f w inter w heat 86, against 81-4 last AprU, and
77-1 on A p ril 1, 1896. The leading w inter-wheat States report aver-
THE
774
CHRONICLE.
ages as follow s: Pensylvania,J92; Ohio, 80; M ichigan, 92; Indiana, 85.
Illinois, 75; Mis*ouri, 81; K ansas, 101; California, 62.
The average condition o f w inter rye is 92-1, against 88*9 on A p ril 1,
1897, and 82*9 on the corresponding date in 1896.
There are few sections o f the country from w h ich a v ery satisfa ctory
report as to the condition o f w inter grain has not been received, the
w inter over a v ery large part o f the cou n try having been m ild and
dry. The low est averages from im portant w inter-w heat States are
those o f Illinois and C alifornia, 75 and 62 respectively.
The m ortality o f farm animals, both from exposu re and from other
causes, has been below that o f the preceding winter. O f horses, 2 per
cent are reported as having died from disease, again st 2 T per cent the
p reviou s year; o f cattle a m ortality o f 1*3 per cent from w inter ex p os
ure, and o f 3 -3 per cent from all causes is reported, as against 1*6 per
cent from exposure and 3'5 per cent from all causes the preceding
winter; o f sheep the deaths from exposure am ounted to 2-7 per cent,
against 3 2 p er cent the previou s year, and to 5-3 per cent from all
causes, against 5 5 per cent the previou s year. W hile hog cholera has
been m ore or bess destructive, the total losses o f swine have am ounted
to only 9 3 per cent, against 14-4 p er cent the p receding year. W ith
regard to farm animals in general, the D epartm ent’ s correspondents
report them in good condition, as the result o f the generally m ild and
dry winter, and o f the abundance o f feed. In California the w inter
has been a severe one, and its effect is show n ju st as m arkedly in the
m ortality o f farm animals as in the p o o r condition o f w inter wheat.
The following comparison for a number of years covers
the condition of winter wheat in the leading States:
CONDITION OP WINTER WHEAT APRIL 1.
1 8 9 8 .1 8 9 7 . 1896. 1895. 1894. 1893. 1892. 1891. 1890.
71
87
83
56
86
90
87
98
©Ilio....................... . 80
74
83
93
82
83
67
85
78
M ic h ig a n ... . . — . 92
82
78
99
75
83
90
65
77
Indiana................. . 85
72
82
75
87
97
40 j> 81
87
Illin ois.................. . 75
72
96
83
75
89
8S
76
60
M isso u r i............. . 81
72
62
80
53
77
99
87
8J
K ansas.................. . 101
74
84 100
89
97
96
57
.
99
T e x a s ......... .
83
80
83
81
66
78
98
90
T e n n e sse e ....— .
100
89.
91
86
93
99
67
89
M aryland.............
61
79
96
96
89 . 88
87
98
V irgin ia........... ...
92
93
92
99
88
90
97
N ew Y o rk ............
88
64
92
84
87
97
99
96
98
P en n sy lv a n ia .. . . . 92
81
A verage......... . 83 81*4 77*1 81*4 86*7 77*4 81-2 96*9
E x p o r t s o f B r e a d s t u f f s , P r o v i s i o n s , (Jo t t o n a n d
P e t r o l e u m . — The exports of these articles during the month
of March, and the nine m onths, for the past three years
have been as follow s:
1897-98.
isxports
from 0 . S.
March.
Quantities.
W heat.bush
Flour... bbls.
) Months.
8,813,85? 110,289,416
1,475,«28 11,926.734
1896-97.
March.
1896-96.
9 Months
2,887.854 67,696,933
1,114,193 11,995,451
March.
1 Months
3,490,913 46,806,005
1,120,810 U.474,433
Wheat.... bu. 15,459,57t 163,109,718 7,901,722 121,076,462
Corn...bush 18,818,5/J l38,905.937 25 187,248 186,634,231
Tot. bush..
8,532,308 88.501,014
9,266,406 '<6,014,067
38,808,15? 302,815,655 83,088,966 207,310.893 17,798,714 176,116,081
$
$
«
T ota l................................... 1,479
89,656
* F rom N ew E ngland m ill p oin ts direct.
6,217
76,045
Importations and W arehouse W ithdraw als o f Dry Goon »
The importations and warehouse withdrawals of dry good»
at this port for the week ending April 14, 1898, and since
January 1, 1898, and for the corresponding periods o f last
year are as fo llo w s:
Pkgs.
31,683
31,976
17,768
40,731
445,312
I
6,557,113
2,060,404
1,703,680
1,376,555
421,255
12,119,007
33,867,199
2,789,886
1,371,540
990,140
724,78s
279,324
6,155,672
33,867,199
1
p p p <10°
Vf-»©V ©
»<*>0505tO05^ft 3
0003p MCD
I
cocooooco
©QDOO^<1
©COOÜ1TD
Since Jan. 1 ,1 8 9 7 .
vt
05
7a
CJl
0
0
1 33,867,199!
<1
<1
CO
to
CO
Week E nding
A p ril 15, 1897.
£
CO
Since Jan. 1,1 898 .
05© r* tOto
<IOiC0©p-»
©<1^00©
jH-COu-» J* ©
IMPORTS ENTERED POR CONSUMPTION POR THE WEEK AND SINCE JANUARY 1. 1898 AND 1897.
[ Value.
&
«0
Week E nding
A p ril 14 ,1 8 9 8 .
MC5MC0W
*0 0500
<1000 00<J
[ Value.
$
733,357
4^6,724
579,779
859,632
547,831
to
00
00
CO
CO
Sp
<1
<1
to
<J
Cn
03
to
H*
^ to to COM
a*
0»
Value.
$
3,670,371
7,483,250
9.865,572
3,296,951
4,023,303
to
CO *003 0
CO05 MUOCO
05fX) MCOCO
M
ìo
C71 <100050 <1
to o<ipoocH€e
310500H*
CO
CJ1©<JC0£*
»HCO
CO tO
1 236,710
274,895
84,113
91,220
83,478
26,320
49,017
567,500
to
^00 CO00tf*
colo 05VCO
003Ü1COso
IOM^CO<|
£•*
CJi
609
1,368
1,212
916
6,981
CO
HOI
-QO
COO
to to
CO05
H*
to
939,300
1,299,887
1,167,691
712,006
663,144
<1
CO
<1
00
CO
to
1 616,517 1 45,986,2061
24,442
567,500
591,9421! 40,022,8711
M
KlCOMpip
CDjc'co'bio
COOiCCOl
0*05 M^ 05
CO
4,782,028 2,491
28,339,447 72,753
IO
COeneo0105
<|GOH*rfS*.p
WO5UU0M
Orf^<J05 00
CO<100 h*Q0
if»-
01
O5C5t0J* 10
oiVioaT-o
OKI CO00 tO
MOU0<105
75,244
1,607,608
1,400,069
1,362,925
1,060,673
787,156
6,218,431
1,846 501,983
28,339,447 72,753 3,177,323
tOCO^tOOO
CH03COCfl<l
a
O
to
0 00301
bbbV w
00o> #>•(-■
¡M anufactures o f—
; W o o l...'. ................
C o t t o n .........
Silk..........................
F la x ........................
M iscellaneou s .........
<1
QCjOJOCflpt
©05t0C0©
H»©CO<|CO
CO<105^03
0»
M
M
to
M
O*
M
©H» 4**05<1
O to COOl 05
WAREHOUSE WITHDRAWALS THROWN UPON THE MARKET
H
C0O5M00C*
m COMJ0 00
^ 005 05^
rf^COOtCD
COto 00COCO
M
00
V
00
CO
T o ta l ...................... 11,086
Mp p
OÜ1
0505»^05<1
00
05CO ^©tOCDH-
M anufactures o f—
W o o l .............. . ......
C o tto n ...................
Silk..........................
F lax.
................
M iscella n eou s .........
M
a>
O
The market this week has been made up of a succession of C
K*
very dull days at first hands and quite a moderate business
in jobbing circles. There has been a fairly good attendance CO
of buyers, and the weather has been more favorable for CO
<1
spring business ; but buyers have shaken off none of the ex o
D
treme conservatism which has of late characterized their C
CO
actions, and with rare exceptions are still confining their a t
CO
tention to positive immediate requirements. Inward market
l
conditions are entirely ignored for the time being on all O
Oi
hands, the absolute ruling influence again being the war <1
D
question. Under it, as has been stated in previous reports, 0
<1
business for forward requirements is paralyzed to such an ex 00
tent that anything doing in that direction is of a decidedly -1
insignificant character. Bayers can afford to wait better
CO
than sellers ; hence during the week symptoms of a sagging CO
tendency have been noticeable in cotton goods and in quarters CO
where sellers have hitherto presented quite a steady front.
There are no quotable declines, but that is probably because pCO
o
low er quotations now would hardly result in any freer 05
m ovem ent of stocks. In the woolen goods division very
d nil conditions also prevail and prices show here and there a
t endency in buyers’ favor.
W o o l e n G o o d s . — There has been no improvement in the
de mand for men’s-wear woolen and worsted fabrics this
w eek . Orders have been limited in number for both staple'
and fancy lines and the individual quantities called for have
run light. Standard goods are steady, but there is consider
able irregularity in other directions, as a number of agents,
ow ing to cancellations lately received, are not as well sold up
1,479
729
271
81
126
329
44
1,539
1,254
27,140
992
6,859
3,822:
4,826
726
2,008
16,733
1,396
The value of the N ew Y ork exports for the year to date
has been $3,130,387 in 1898 against $3,750,433 in 1897.
Sales of heavy brown sheetings and drills have been on a
limited scale on both home and export account. Leading
makes are without change in price, but in others the tend
ency is downwards. Light-weight goods have also sold
slowly and are still irregular. Brown osnaburgs and ducks
are inactive and easy. There has been a very slow movement
in bleached cottons of all grades, and although not quotably
lower, the market favors buyers. W id e sheetings and cotton
flannels and blankets featureless. Denims have sold in som e
what larger quantities, but prices are barely steady. Ticks,,
checks and stripes, plaids and other coarse, colored cottons
inactive and easy to buy. Kid-finished cambrics dull at 2%c.
for 64 squares. Fancy prints in quiet re-order demand and
irregular in price. Indigo blues and shirtings steady, other
staple prints quiet and tending downwards. Fine specialties
sell moderately at generally steady prices. Staple ginghams
firm with a quiet business. Dress styles also generally firm
and, quiet.
F o r e i g n D r y G o o d s . — Business in foreign merchandise
for fall is restricted by “ war” influences, and orders are un
important. Demand for seasonable lines perfunctory and
featureless.
100,989
236,710
N e w Y o r k , F r i d a y , P. M „ A p ril 15, 1898.
67,295
8,750
358,371
1,252,973
THE DRY GOODS TRADE.
6,217
36
108
103
205
273
59
73,031
236,710
HOT F o r oth er ta bles u su a lly given here see page 7 4 3 .
44
51
600
87,956
1,700
T o ta l.............................
China, v ia V an cou ver*___
IMPORTS ENTERED POR WAREHOUSE DURING SAME PERIOD.
retu rn s issu ed b y th e B ureau o f S tatistics, and co v e r about 98 p er cent
of th e to ta l ex p o rts.
1897.
Week. Since Jan. 1
76
11
4,550
.
* Including cattle and hogs in all months and years.
N o t e .— A ll th e ab ove figures are based on the m on th ly p relim in aiy
1893.
Week. Since Jan. 1.
1,103
390
39,404
4,735
11,260
6,721
4,423
1,336
2,009
14,298
2,277
T otal m arketed. . .
T ot val ue. 70.712.018 607,765,53 519.067,525 522,292.155 46,780.92« 133,714.858
A pril 11.
Great B ritain .........................
Other E u rop ean .....................
China.........................................
In d ia .........................................
A rabia......................... . ...........
A fr ic a ................................. ......
W est In d ies.............................
M e x ico ......................................
Central A m erica.....................
South A m erica.......................
Other C ountries.....................
T otal im ports ....... 117,595
229,893 138 15,802,601 153,805,689 10,580,290 104,801,487
110,023 411 12,686,649 119,472,835 12,819,749 >20,080.883
1 0,141,274 15 684 836 •202,344.73: 19,021,643 >63,345,788
41,697,704
4,884,479 40,663,844' 4,359,244 45,563.750
to
T otal withdrawals 2,403 258,242
E nt’ d fo r oonsum p. 11,086 1,252,973
6.535,888 71,192,476
3,315.428 29,783,762
.133,732
157,801
321,558 1,730,704
278,099 1,830,694
New Y ork
T o ta l ............ ........
E nt’ d fo r oonsum p.
Br’datuffs.... <4 4?7.96
Provisions*. 18.0:6,182
Cotton. .... 23,894,256
4,243,915
Petrol’m.&c
t
6,929,839 95,772,090
7,680,551 42,152,705
196,439 2,455,316
674,652 7,251,757
431,130 6,173,794
as they had counted upon. Cotton-warp lines are generally
in fair condition. Satinets and doeskin jeans inactive without
change in price. Sales of overcoatings have been limited,,
and the demand for cloakings indifferent. Business in fa ll
dress goods is still backward and the market is barely steady..
Flannels and blankets q u i® and unchanged.
D o m e s t ic C o t t o n G o o d s . — The exports of cotton goodsfrom this port for the week ending April 11 were 1,479packages, valued at $64,831, their destination being to the
points specified in the tables below :
M anufactures of—
W o o l ......................
C o tto n ...................
Silk..........................
F la x ........................
M iscella n eou s .........
$
%
Values.
Wh’t& flour U ,«73,826 154,650,696
Oorn& meal. 6,776 02. 49,028,341
6 ; 5.154 5,604,163
R y e --" ........
Oats & meal. 1,884 911 15,757,408
4,«52,535
283,06!Barley..........
[VOL, L X VI,
A
p r il
16, 1198 ]
THE
CHRONICLE.
77 5
ance Company of Montpelier, V t ., the holders of the bonds.
The money was voted in October, 1894, to assist the Sherman
County Irrigation W ater Power & Improvement Company in
putting in some irrigation ditches in Loup City Township.
TERMS OF SUBSCRIPTION.
No interest has been paid since the bonds were sold. The in
terest due amounts to $3 360.”
The I n v e s t o r s ’ S u p p l e m e n t w ill be furnished without
New York State .—Savings Banks Bill Signed.— Oa April
•extra charge to every annual subscriber o f the C o m m e r c i a l 13,1891, the Governor signed the bill introduced by Sena or
Higgios which permits savings banks under certain restric
‘A n d F i n a n c i a l C h r o n i c l e .
tions to invest in the first mortgage bonds of railroad
The S t a t e a n d C i t y S u p p l e m e n t will also be furnished corporations of N ew York State the principal part of whose
railroad is located within the State. The text of this b ill
without extra charge to every subscriber of the C h r o n i c l e .
will be fou td in the S t a t e a n d C i t y S u p p l e m e n t which ac
The S t r e e t R a i l w a y S u p p l e m e n t w ill likewise be fur companies this week’s C h r o n i c l e .
Otoe County, Neb .— Bond Litigation .— County Clerk H . R .
nished without extra charge to every subscriber of the
Christy writes us that an injunction was served on the Board
C h r o n ic l e .
of County Commissioners in 1895 to enjoin the payment of
The Q u o t a t i o n S u p p l e m e n t , issued m onthly, w ill also be $30,000 Nebraska City Precinct bonds and interest, and that
"furnished without extra charge to every subscriber o f the the Supreme Court perpetuated the injunction on the ground
that Nebraska City Precinct never existed on account of a
C h r o n ic l e .
defect in the organization. John Clapp, of N ew York, now
TERMS for the C h r o n i c l e with the four Supplements brings action in the United States Circuit Court to collect
•above named are Ten Dollars within the U nited States and the $30,010 principal and interest. Mr. Christy says that the
Twelve Dollars in Europe, which in both cases includes Commissioners’ hands have been»tied in the matter and the
bonds would have been paid had i t not been for the said in
postage.
junction.
T errito ria l Indebtedness.— The following is the full text
Term s o f A d vertisin g — (P e r inch space.)
of the bill which recently passed the United States Congress
T ransient m atter (1 tim e ).. $3 50 I Three M onths (13 t im e s )..$25 00 regulating indebtedness of municipal corporations of over
s t a n d in g b u s in e s s c a r d s .
S ix m onths
(26 tim es).. 43 00 1,000 population :
T v o m onths (.8 tim es).......... 18 00 1T w elve M onths (52 tim e s).. 58 00 “ A n A ct to amend A n A ct to prohibit the passage o f local or
special laws in the Territories to lim it Territorial indebt
edness, etc.
THE STATE AND CITY SUPPLEMENT.
“ Be it enacted by the Senate and House of Representatives
A new number of the State a n d Cit y Supplement of the United States of Am erica, in Congress assembled, that
the A c t of Congress approved July thirtieth, eighteen hun
accompanies the present issue of the Chronicle . A ll dred and eighty-six, entitled * An A c t to prohibit the passage
the figures and information in the Supplement have of local or special laws in the Territories of the United States,
to limit Territorial indebtedness, and for other purposes,’ is
been completely revised, and 173 new places incorpor hereby amended so as to permit, authorize and legalize the
ated. The editorial discussions embrace articles en issuance of bonds by chartered municipal corporations hav
ing a bona fide population of not less than one thousand per
titled “ Enlarging the Investment Field for New York sons, as shown by the last school census taken before any
Savings Banks,” and “ Legislation Invalidating Con election to be held under the provision of this A ct, in any Ter
ritory of the United States, for sanitary or health purposes,
tracts Unconstitutional.”
the construction of sewers, water-works and the improvement
of streets. The limitations of said A c t of July thirtieth,
eighteen hundred and eighty-six shall not apply to such m u
A rkansas .— Bond Act Invalid.— The St. Louis “ G-lobe- nicipal corporations. Provided, that before any bonds shall
D em ocrat” on April 18 contained the following dispatch be issued the Mayor and Common Council of said chartered
from Little Rock, dated April 12,1898: “ Judge John A . municipal corporation shall cause an election to be held in
W illiam s, of the United States Court to day overruled the such city or town, and the Mayor and Common Council of
demurrer of the State to the application of the Arkansas such municipal corporation shall cause to be published in a
Industrial University trustees for an injunction restraining newspaper of general circulation published in such city or
the State Treasurer from making an exchange of bonds, as town, a notice of the time and place or places of holding such
provided by an act of the Legislature of 1897. This act au election. Such notice shall be given at least thirty days be
thorized the State Treasurer to exchange State bonds for fore such election on the question of the issuance of said
certain Washington County bonds held by the Arkansas In bonds. N o person shall be qualified to vote, except he be in
dustrial University. The University Board applied to the all respects a qualified elector and owner of real or personal
United States Court for an injunction, and the State de property subject to taxation within the municipality : In
murred to the application. The effect of Judge William s’s case tw o thirds of the qualified voters as above described
•decision is to make perpetual the injunction and declare the shall vote affirmatively for the issuance of said bonds, then
legislative act void, on the ground that it is in conflict with the Mayor and Common Council shall issue the same, and not
otherwise. Said bonds shall contain all necessary provisions
-an act passed by Congress granting to the Arkansas Indus
trial University a permanent fund, which should not be in as to form, and such municiDality shall provide a proper sink
ing fund for the redemption of said bonds. Said bonds shall
vested in securities yielding less than 5% interest.”
C alifornia Ir rig a tio n D istricts.— Rond Litigations.— A not bear a rate of interest exceeding six per centum per an
letter recently received by us from the Secretary of one of the num, and the interest shall be paid semi-annually, and none
irrigation districts states that there is “ hardly a district in of said bonds shall be sold at less than their par value.
“ Approved March 4, 1898.”
the State but what is in litigation over their bonds. W e
S tate
and
C ity D epartment ,
have secured a decision in the Superior Court of Riverside
County,” he says, “ nullifying our bonds, and are now wait
in g such a decision from the Federal Court. W e shall dis
organize the district as soon as we get a final decision on our
bonds.
The irrigation district scheme, according to the
W rig h t Law authorizing them, is, in m y estimation, a
failu re.”
F ort W o rth , Texas .—Bond Litigation.— The validity of a
large number of Fort W orth city bonds has been assailed by
a tax-payer of Fort W orth. The city sought to enforce the
collection of taxes to pay the interest and sinking fuud on
its bonds, and the collection was resisted by one of the tax
payers, J. K . Winston, who, when the city sought to enforce
•collection through the courts, set up the invalidity of the
bonds on account of the stipulation contained in the bonds
making them “ payable in gold coin of the United States of
Am erica of the present standard of weight and fineness.”
The city resisted the plea, and the trial court held that the
bonds were in legal form , as was stated in the C h r o n i c l e
November 13, 1897. The defendant has appealed the case to
the Court of Civil Appeals. The question is attracting con
siderable attention.
Kokom o, Col.— Water-Works Authorized.— A t the election
held April 5, 1898, the citizens authorized the erection of
water-works.
Loup City Township, Sherm an County, Neb .—Bond Liti
gation.— W e take the following from the Omaha “ B ee” of
April 3, 1898: “ Loup City Township, in Sherman County,
this State, has defaulted in payment of interest on $16,000 im
provement bonds, and an action has been begun in the Federal
Court to recover. The plaintiff is the National Life Insur
Bond Calls and Redemptions.
C incinnati, Ohio .— Bond Call. — TheSinking Fund Trustees
have called for payment June 1, 1898, at the American E x
change National Bank, New York City, or at the Third N a
tional Bank, Cincinnati, the follow ing bonds :
$300,000 bonds No°. 701 to 1,000, Inclusive, issued June 1, 1888, and redeemable
J u n e l, 1898. Bonds are in denom m aiion o f $1,000, issued fo r pay
m ent o f property fo r new city hall.
135.000 granite pavem ent fund bonds Nos. 1 to 135, inclusive, dated J u n e l,
150.000 fire bonds Nos. 1 to 150, inclusive, issued June 1, 1888, and subject to
call June 1,1898.
And the following-described bonds of the annexed village
of W estw oo d :
W estwood Town-H all bonds, issued July 1,1888; payable July 1,1908. N os.
46 to 65, both inclusive.
W estwood Town-H all bonds, issued February 1,1889; payable February 1.
1909. Nos. 306 to 310, both inclusive.
W estwood Elmwood A venue (East) improvement bonds, issued July 14,1889;
payable July j 4 , 1809. Nos. 18 to 37, both inclusive.
W estwood Fairview Avenue improvement bonds, issued October 35,18&9:
payable October 35,1899. -Nos. 33 to 31, both inclusive.
W estwood Grandview A venue (first issue) im provem ent bonds, issued O cto
ber 1,1889; payable October 1, 1899. Nos. 39 to 38, both inclusive.
W estwood Grandview Avenue (second issue) improvement bonds, issued May
1,1890; payable May 1,1900. Nos. 41 to 50, both inclusive.
G riggs County, N. D .—Bonds Redeemed.— The county has
redeemed $12,000
seed bonds which mature April 1,1899.
H arris County, Texas . — Bonds Redeemed.— Oa A pril 5,
1898, the county redeemed $3,( 00 bridge bonds held by the
State School Fund.
Kentucky.— Warrant Coll.— State Treasurer G . W . Long
has called for payment April 25, 1898, all reissued warrants
776
THE
CHRONICLE.
[ V o l . L X \ I.
B ow lin g Green, Ohio.— Bonds Defeated.— A t an election
held recently the question of issuing $100,000 bonds for the
purchase of a water plant was defeated.
B ridgeport, Ohio.— Bonds Vi ted.— A t the election held
April 4, 1893, the proposition to issue $60,000 improvement
bonds carried by a large majority.
B righton, 111.— Bond Election.— A n election will be held
April 19, 1898, to vote on the question of issuing $12,000 re
funding bonds. The present indebtedness of the village is
$15,00 J in 6$ bonds, and of this issue $12,000 will be refunded
and the remaining $3,000 will be paid in cash prior to their
maturity M a y.l, 1900. The new bonds, if authorized, will
bear 5$ interest, and will be subject to call after five years.
Interest will be payable annually at the office of the State
Treasurer.
Buffalo, N. Y.— Deficiency Bonds Authorized.— The Board
of Public W orks has voted to issue $89 000 deficiency bonds
for the Bureau of Streets and $23,000 deficiency bonds for the
Bureau of Engineering.
Sales.— The city has awarded its bond for $2,692 68 to
this theBond
Comptroller for investment of the park sinking fund.
week have been as follows:
Security bears 3$ interest, payable semi-annually. Principal
Abilen e, K an .— Bond Sqle.— The city has sold to the State matures April 15, 1899.
School Fund $35,000 5$ ref unding bonds. Securities are issued
The city has also issued its bonds for $50,000 for the School
to refund $15,000 C. K . <fe N . R R . aid bonds, maturing Dec. Fund and $101,779 56 for the Bureau of Streets, «fee. These
28, 1912, and $20,000 bonds issued in aid of the same railroad bonds were awarded to the Comptroller for investment in the
sinking funds. They bear 3$ interest and are dated April
and maturing July 1,1917.
Albany, N. Y .— Bonds Authorized.— The Common Council 12, 1898. The $50,000 bonds mature July 1, 189^ and the
has approved the bill recently passed by the State Legisla $101,779 56 bonds mature July 1, 1899.
Bonds Authorized.— The City Councils have passed an ordi
ture authorizing the issuance of $ 5,000 Beaver Park improve
nance Droviding for the issuance of $200,000
street-im
ment bonds.
provement
bonds. Securities will be dated April 1, 1898;
A lleg h en y County, Y a .— Bond Offering.— Proposals will
interest
will
be
payable
April
1
and
October
1
at
the City
be received until 10 a . m May 34,1898, by the Board of Su
pervisors, care of J. J. Hobbs, Clerk, for $20,000 5$ bonds Comptroller’s office or at the Gallatin National Bank, New
Securities are in the form of coupon brnds of $500 each, dated York City. Principal will mature April 1, 1918.
Burnet, Texas.— Bond Sa’e .—The town has sold through
June 1,1898. Interest will be payable at the office of the
County Treasurer annually on Jan. 1, and the principal will their attorney, Robert R. Lockett, of Austin, $6,000 school
mature in from one to ten years at the option of the Board. building bonds to Chicago investors.
B ushnell, 111.— Bond Sile.— The city has sold $30,000 5£
A certified check for 10$ of the amount bid, payable to Jo
seph T. Fudge, County Treasurer, must accompany proposals, bonds to take up a like amount of 6 per cents now outstand
A rlin g to n , Mass.— Loan Authorized.— A t a town meeting ing. The new bonds maturefive years from date of issue.
B utte (M on t.) School D istrict.— No New Bonds.— It was
held A pril 7, 1898, it was voted to raise $52 000 on one year
notes for the purchase of a site for a new town hall. Legis reported that at the election which was held April 2,1898, the
lature will be petitioned for authority to issue bonds to fund question of issuing $60,000 school building bonds would be
voted upon. W e are advised by Mr. Thomas Richards, Clerk,
this loan.
A rizon a .— Bond Offering.— The State is advertising for sale that at the election a specicl levy was voted for this purpose,
but that no bonds would be issued.
$100,000 Capitol building bonds.
Calhoun, Ga.— Bond Offering.— Proposals will be received
Ashland, Neb.— Bonds Authorized.— A t the election held
April 6,1898, the issuance of $1,0C0 bonds to repair the water until 2 p. M. May 2, 1898, by W . S. Hillhouse, M ayor, for
$12,5f 0 5# water-works bonds. Securities are in denomina
works was authorized.
B ay City, M ich .— Bonds Proposed.— The question of issu tion of $500, dated May 17, 1898. Interest will be payable
ing $50,000 street-improvement bonds is under consideration. January 1 and July 1, and the principal will mature May 17,
Beaver, P a.— Bend Election.— A n election will be held 1918. Bonds are issued under Section 377, Civil Code of
April 30, 1898, to vote on the question of issuing $28,000 Georgia, Vol. 1. The city has no other indebtedness. The
water-works bonds.
The borough’s assessed valuation is assessed valuation is $300,0r0 and the population 1,000.
Calhoun, Mo.— Bonds Voted.— The city has voted bonds for
$1,441,854, and total debt, $72,174.
B erkley, Y a .— Bond Sale.— On April 8, 1898, C. H . W h ite a city hall
Champaign (111.) School D istrict.— Bond Election.— A n
<fe Co., New York, were awarded $25,000 6$ improvement
bonds. Securities are dated March 1, 1898; interest will be election will be held April 25, 1898, to vote on the question of
payable semi-annually and the principal will mature 30 years issuing $10,000 school bonds.
Charleroi (P a .) School D istrict.— Bond Offering.— Pro
from date of issue.
B ibb County, A la .— Temporary Loan.— The county re posals will be received until 7 p. m . April 20, 1898, by John H .
cently borrowed $3,000 for work on public roads. The Pro Bowers, Treasurer, for $25 000 5% 1 15-year school bonds.
bate Judge was authorized to borrow $5,f00 on August 1, Securities were authorized at an election held March 31,1898,
^y a vote of 74 to 48. They will be in denomination o f $500,
1898, if the County Treasury needed the money.
dated Sept. 1,-1893. Interest will be payable semi-annually.
B la ir, Neb.— Bonds Defeated.—A t an election held re
cently the proposition to refund the city’s outstanding in A certified check for 2ft of the amount of bid, payable to the
debtedness by issuing $25,000 bonds was defeated. W e are Treasurer of the School District, must accompany proposals.
Cheboygan County, M ich.— Bonds Voted.— A t the election
advised by the City Clerk that the question will again be sub
held April 4,1898, the citizens authorized by a majority of 425,
mitted in the near future.
B loom field, Ohio.— Bonds Voted.— A t the election held the issuance of $30,000 court-house bonds. Details of the is
April 4,1898, the issuance of $8,000 water-works bonds was sue will be determined by the Board of Supervisors at the
meeting to be held April 26, 1893.
authorized by a vote of 139 to 58.
Chester County, T e n ".— Bond Election.— A t the Novembe
B loom field (T ow nsh ip ) N. J .—Temporary Loan.— The
loan of $11,000 recently authorized was negotiated to meet election the question of issuing $90,000 4% turnpike bonds will
probably be voted upon.
payments due contractors for sewers. Mr. W illiam L. John
Chelsea, Mich.— Bunds Voted.— The village has voted to
son, Clerk, writes us as follows : “ W e have borrowed a total
of $192,000 for sewers alone and expect the system to be com issue $43,(00 bonds for the purchase of the Glazier W aterpleted shortly, when action will be taken to have the assess Works and Electric-Light plants.
Cleveland, Ohio. Bond Offering.—Proposals w ill be re
ment made on property, and the amount not paid at once
ceived until 12 M. May 9, 1893, by H . L. Rossiter, City A u d i
w ill have to be provided for by an issue of bonds.”
Bonds Proposed. - W e have also received from Mr. John tor, for $3 0,0 0 4% water works coupon bonds, maturing O ct
Securities will be coupon bonds of $ i,0 i0 ,
son the following : “ In the matter of our proposed road im ober 1,1926.
provement and building bonds would say the petition for dated October 1, 1896, interest payable semi-annually, both
the same is being rapidly signed, and we hope to be in a posi principal and interest being payable at the American E x
tion soon to submit the question to our voters for approval, change National Bank, New York City. A certified check
although it will probab'y be at least two months before it is drawn on a national bank for 5% of the amount bid for and
payable to the ‘ Treasurer of the city of Cleveland,” must ac
done.” See Chronicle February 5,1898.
Boston, M as-.— Bonds Authorized.— The Common Council company bids.
Bid Rejected.— But one bid, that of Dietz, Denison <fe Prior,
has accepted the bill passed by the Legislature providing for
a loan of $200,000 outside of the debt lim it, for the purpose Cleveland, at 100‘60, was received April 14, 1893, for the
$300,000 4% 10-year school bonds. Bid was rejected.
of widening Rutherford Avenue in Charlestown.
Loan Authorized.— The City Council has passed a resolu
B ou lder, Col.— Bonds Voted and Sold.— A t the election
held April 5, 1898, the question of issuing $20,000 6$ bonds tion providing for a loan of $3,000 for the construction of a
carried by a vote of 426 to 12. The bonds were immediately sewer in Russell Avenue.
Clio (M ich .) School D istrict.— Bonds Defeated.— The dis
sold to local investors at par. Bonds are in denomination of
$500 and mature 15 years from date of issue (April 2 ft, 1898), trict recently voted against the issuance of $2,000 schoolhouse bonds.
subject to call after 10 years. They were issued for the pur
Coffeyville, K an.— Bond Sale.— The $17,000 Q% 20-year
chase of a site to be used for park purposes and for the erec
tion of buildings thereon for the Texas-Colorado Chautauqua electric light bonds have been sold to F. M M cKay, Chicago,
at 100 295.
Association.
the originals of which were dated on or before December 31,
1896, of all numbers. Interest will cease on A p ril 25, 1898.
Pettis Connty, Mo.— Fond Call.— The county has called
for payment 5%bonds Nos. 101 to 250, inclusive, of $500 each,
and Nos. 251 to 475, inclusive, for $1,000 eacb. Bonds bear
date May 1, 1888, and will be paid M ay 2, 1898, at the N a
tional Bank of Commerce, N ew York City, or at the Missis
sippi ‘Valley Trust Co , St. Louis. Holders of the above
named bonds wishing to exchange same for the new 4% bonds
w ill notify W illiam C. Little & Bro., 411 Olive Street, St.
Louis.
Sioux Falls, S. Da .— Bonds Redeemed.— On April 1, lS "^ ,
the city redeemed the remaining $20,000 of the 10$ railroad
aid bonds issued in 1878.
Troy, N. Y.— Bonds Redeemed.— On April 1, 1898, the city
redeemed $5,000
water-works bonds, issued April 1, 1880,
and maturing April 1, 1898.
Bond Proposals and Negotiations
APRIL 16, 1« 8,1
THE
CHRONICLE
Cohoes, N. Y .— Bond Bill Approved.— The Council has ap
proved the Legislative bill authorizing the issuance of $15,000
bonds to extend and improve the water-works system.
Colum bia, M o.— Bonds Defe i ted.— A t the election held re
cently the proposition to issue $10,000 sewer bonds was
defeated.
Columbus (N eb .) School D istrict.— Bonds Voted.— The
district has voted to issue $25,000 4%% bonds for a new school
building. Securities will be dated May 1, 1898, and will
mature May 1, 1918. Interest will be payable M ay 1 and
November 1. The date of sale and other details of the issue
have not yet been determined upon.
Columbus, Ohio.— Bonds Proposed.— Ordinances have been
introduced in the City Council providing for the issuance of
$150,001) levee bonds and $175,001) bonds for the building of a
storage dam in the Scioto River. Bonds were recently au
thorized at the spring election.
Creston, Iow a. - Bond Sate.— On April 4, 1898, the $5,000
4# 5-10-year refunding bonds and $7,00) 4# 10-year (optional
at any time) bonds were awarded to U . M . Stoddard. Minne
apolis, at par, the purchaser to furnish blank bonds. F o l
lowing are the b id s :
U. M. Stoddard, par and blank bonds fo r 4 per cents.
U. M. Stoddard, $12,135 for 4}£ per cents.
Kane & Co., Minneapolis, $ia,o51 f>0 for
per cents.
W . J. Hayes & Sons, Cleveland, *12,015, for
per cents.
N. W . B airis & Co., Chicago. $11,070 fo r
per cents.
S. A. Kean. Chicago, $11,715 for 4 per cents.
Trowbridge & Co., Chicago, par and blank bonds for i]4 per cents.
Trowbridge & Co., Chicago, $11,681 for 4 per cents.
A description of the bonds will be found in the Chronicle
March 26, p. 629.
Dedham, M a s s .-N o ie Sale.— On April 14, 1898, $30,000 4%
notes were awarded to Foote & French, Boston, at 102'18.
Notes mature as follows:
One note for fl<\000 dated April 15,1S98, and maturing $2,500 yearly on Octo
ber 25, from 1906 to 1909, inclusive.
~
„ „„
One note fo r $10,000 dated April 15,1898, and maturing $2,500 yearly on Octo
ber 25, from 1910 to 1913, inclusive.
.
S
_
One note for $10,000 dated April 15,1838, and maturing $2,500 yearly on Octo
ber 25 from 1914 to 1917 inclusive.
Following bids were received:
F oote & French, B oston............. 102‘i s I Provident Institut’n fo r Savings.101-25
Estabrook & Co., Boston............. 101-c6 l S. A. Kean, Chicago........................ lOl'OO
De Pere, W i s . - Bonds Defeated.— A t the election held
April 5, 1898, the proposition to issue $8,000 school bonds was
defeated,
D uluth, M inn.— Bond Offering.— Proposals will be received
until 7:39 p. m . May 9,1898, by the Common Council for
$955,000 4% gold water-works bonds. Securities are ia de
nominations of $1,000 dated April J, 1898. Interest will be
payable April 1 and October 1 at the American Exchange
National Bank, New Y o rk City. Principal will mature April
1, 1928. Bonds are issued pursuant with Cnapter 218, Laws of
1897, and under provisions of the charter of Duluth. A cer
tified check or certificate of deposit for
of ihe full face
value of bonds bid for and payable to the order of the City of
Duluth must accompany proposals.
East Cleveland, Ohio.— Bond Offering— Proposals will be
received until 12 m . May 5, 1893, at the office of the Village
Clerk, H . B. Chapman, 841 Society for Savings, Cleveland,
Ohio, for $100.0 0 4% sewer bond*. Denomination* of securi
ties will be $t,U00; interest will be payable semi annually
from May 1, 1898, and principal will mature M a y l , 1923.
Principal and interest will be payable at the Cleveland Trust
Company, Cleveland, Bids must be accompanied by certified
check for 5# of amount bid for, payable to order of Village
Treasurer.
Eastham pton, Mass.— Temporary Loan.— The city has ne
gotiated aloan of $20,0(0 with E. C. Stanwood & Co., Boston,
at 4%. Loan was made in anticipation of the collection of
Elizabeth City County (P . 0 . H am pton), Y a .— Bond Sole.
— The county has sold at private sale to Edw. C. Jones Co.,
N ew York, $10,000 5# 39-year jail bonds at 105.
E ly ria , Ohio.— B . nets Votea.— A t an election held April 4,
1898, the issuance of $250,0 0 water-works bonds was author
ized.
Em poria (K a n .) School D is tr ic t.—Bonds Defeated.— On
April 5, 1898, the proposition to issue $30,000 school house
bonds was defeated.
Essex County, N. J .— Bonds Voted.— A t the election held
April 12, 1898, the issuance of $1,500,090 additional park
bonds was authorized by over 4,000 majority.
Evanston (111.) School D istrict. — Bond Sale.— Oa March
31, 1898, the district awarded to Farson, Leach & Co., Chi
cago, the following bonds at 101'334.
$4,000 i.% bonds maturing April 1,1911.
80.000 4% refunding bonds dated April 1, 1898. and maturing $4,503 on April 1.
from 1839 to 1903, inclusive,$2,0< 0 April 1, 1909. $4,500 April l, 19X0
and 191 J.
31.000 £% school building bonds maturing $4,500 yearly on April 1 from 1912 to
1917, inclusive, and $t,000 April 1,1918.
Following are the bids :
Farson, Leach & Co., C h -c... .$65,8 >7 00 N. W . Harris & Co , Cblcago..$65,217 00
Mason, Lewis & Co., Chicago. 66,412 50 W . J. Hayes & Sons, C lev e... 65,012 00
Rudol ph Kleybolte & Co., Cm. 05,300 t'O |
Interest will be payable semi-annually.
F a ll R iver, Mass.— Bond Sole - On April 9, 1898, $65,000
4% 30-year sewer bonds and $25,000 4% 30 year water-works
extension bonds were awarded to Bertron & Storrs, New
York, at 110'10. Following are the b id s :
Bertron & Storrs. New Y o r k ......ll<rin I R. L. Day & Co , B oston................107-28
Estabrook & Co., B oston............. 10832 |Farson, Leach & Co., New York.100'50
Fergus F a lls, M inn.— Bond Sale,— On April 1. 1898, at an
adjourned meeting of the City Council the $10,000 refunding
777
bonds were awarded to J. D. Cleghorn & Co., Minneapolis, at
104*52 for 5 per cents. A list of the bidders will be found in
the Chronicle last week, p. 722.
Forest (T ow n ) Richland County, W is .— Bonds Voted.—
A t the election held April 5, 1893, the town unanimously
voted to issue $10,000 5% refunding bonds. Securities w ill
mature $1,009 yearly on February 1.
F o rt Dodge (Io w a ) Independent School D istrict— Bond
Offering.— Proposals will be received until May 10. 1898, by
the Board of Directors, E. P. Gates, Treasurer, for $5,090
bonds. Securities are in denomination of $1,000, and mature
ten years from date of issue, subject to call after five years.
Interest will be payable semi-annually.
F ran k lin County, Ohio.— Bonds Authorized— The County
Commissioners have passed a resolution authorizing the sale
of the bridge bonds voted at the recent election.
Goodell (Io w a ) School D istrict.— Bonds Voted.— The dis
trict has voted to issue $3,50) bonds for a new school-house.
The vote was unanimous.
G raceville School D istrict No. 11, B igston e County,
M in n .—Bond News — W e are advised by M.'J. McDonnell, Sec
retary B^ard of Education, that the $4,000 high school bonds
recently voted will bear 5%interest, payable in gold. Bonds
will mature 15 years from date of issue and will be issued
some time in May or June.
Grand Junction, Col.— Bonds Voted.— On April 5, 1898,
by a vote of 200 to 122, the citizens authorized the pur
chase of the water-works plant for $55,000. Bonds will be
issued.
H arbor Springs, M id i.— Bonds Voted.— A t a recent elec
tion the town, by a vote of 239 to 39, authorized the issuance
of $6,000 municipal lighting plant bonds.
H artin gton , Neb.— Bonds Proposed:— It is stated that the
Town Council haS under consideration a resolution providing
.for an election to vote on the question of issuing $3,000 elec
tric-light bonds.
H ealdsburg, C al.— Bonds Voted.—The citizens of this place
have authorized the issuance of $39,000 5# 1 40 year (serial)
gold electric-light and water-plant bonds. The date of sale
has not yet been determined upon.
Hudson, N. Y.— Bond Auction.— This city will S9ll at “ pub
lic auction, by open and sealed bids,” at 12 m . April 25, 1898,
$6,000 4% cemetery improvement bonds. Denomination of
securities will be $1,000; they will be dated May 1, 1898, and
$2,0)0 of principal will mature yearly ou May 1 from 1918 to
1920. inclusive. Interest will be payable May 1 and N ovem
ber 1 at office of City Treasurer. Bonds are issued under au
thority of Chapter 188 of the laws of 1898. Sealed bids must
be accompanied by certified check for $750.
H um boldt (K a n .) School D istrict.— Bonds Defeated.— The
district has voted against the issuance of bonds for a new
school-house.
Jackson (M ich .) School D istrict.— Bond Election.— The
School Board has decided to submit the question of issuing
$15,000 school-building bonds to a vote of the people.
Jefferson City, Mo.— Bonds Defeated.— The proposition to
issue $10,000 street-improvement bonds was defeated at a re
cent election.
Jefferson City (M o .) School D istrict.— Bonds Defeated.—
A t an election held recently the question of issuing $40,000
school building bonds failed to carry.
Kalam azoo, M ich.— Bonds Proposed.— A petition will be
presented to the City Council asking that an election be
called to vete on the question of issuing $210,000 general im
provement bonds.
Kansas City (M o .) School D istrict.— Bonds Defeated.—
It is stated that at the election which was held April 5, 1898,
the proposition to issue $300,000 4%20-year school bonds failed,
owing to the large number of voters neglecting to vote on the
question. The vote was 11,745 for to 2,908 against, over 8,000
not voting. The proposition required two-thirds of the votes
of the qualified voters.
K ensington, Montgom ery County, Md.— Bond Offering.—
Proposals were asked until yesterday (A pril 15, 1898), at noon
by the Mayor for $5,000 5# improvement bonds. Securities
are in denomination of $100, dated April 15,1893. Interest will
be payable semi-annually, and the principal will mature April
15, 1918, subject to call after five years. A t the time Of going
to press the result of this sale was not known.
Kent Comity, M ich .— Bond Election JVews.—'We are ad
vised by Mr. Henry B. Proctor, County Treasurer, that the
Supreme Court recently decided. that a majority vote of the
Board of Supervisors was sufficient to call a bond election,
and not a two-thirds vote, as declared by some. The point
was raised over the question of calling an election to vote on
the issuance of $50,090 insans asylum bonds, and it is re
ported that the matter of issuing bonds will be brought before
the new board at their May meeting.
Lickin g County (P . O. N ew ark), Ohio.— Bond Offering.—
The county will sell at public auction at 1 P. M. April 22,
‘ 1898, $50,000 5% bonds.
Securities are issued to rebuild
bridges and roads destroyed by flood, under authority of sec
tions 871 and 872 of the Revised Statutes of Ohio and pursu
ant with a resolution of the Board of County Commissioners
passed March 28. 1898. They are in denominations of $1,000,
dated May 1, 1898. Interest will be payable January 1 and
July 1 at the office of the County Treasurer. Bonds mature
$10,009 yearly on July 1 from 1905 to 1907, and $20,000 July 1,
1903. W m . Bell, Jr., is the County Auditor.
Lorain County (P . O. E lyria), O hio.— Bonds Voted.— A t
an election held April 4, 1898, the proposition to issue $35,000
778
THE
CHRONICLE.
bonds for a children’s home and $160,000 bridge bonds was
voted npon favorably.
Macoupin County, 111.— Bond Offering.— Proposals w ill be
received until 1 p. m . M ay 3, 1898, by Fred. G . Oaltjen,
County, Clerk, for $720,000 4%% refunding bonds. Securities
are in denominations of $1,000, dated July 1, 189S. They will
mature $60,000 yearly, beginning July 1,1899. Interest w ill
be payable January 1 and July 1. A deposit of 4% of the
amount bid for will be required with each bid.
M arshfield, W is .— Bonds Defeated.— A t the election held
A pril 5,1898, the proposition to issue bonds for sewer im
provements was defeated.
M eadville, P a.— Bonds Voted. —B y a vote of 817 to 49 the
city recently authorized the issuance of $153,000 bonds for the
purchase of the plant of the Meadville W ater Co.
M erch an tville, N. J .—Bonds Proposed.— A n ordinance has
been introduced in the City Council providing for an elec
tion to vote on the question of issuing $35,000 street-improve
ment bonds.
M ilw aukee, W is .— Description o f Bonds.— The ordinance
recently passed by the Common Council authorizing the issu
ance of $80,000 garbage plant bonds states that they shall
bear 5% interest, payable January 1 and July 1, at the City
Treasurer’s office. Bonds will be in denomination of $1,000,
dated January 1,1898. Principal will mature $4,000 yearly on
January 1 from 1899 to 1918, inclusive.
Bonds Authorized.— The Common Council has passed an
ordinance providing for the issuance of $80,000 5%sewer bonds.
Securities are in denomination of $1,000, dated January 1,
1898. Principal will mature $4,000 yearly on January 1 from
1899 to 1918, inclusive. Interest w ill be payable January and
July at the City Treasurer’s office.
M inneapolis, M inn.— Bonds Authorized.— The City Coun
cil has authorized its Committee on W a y s and Means to sell
$100.0C0 school bonds for the purpose of constructing new
buildings. The date of sale has not yet been determined
upon.
M organtown, W . V a .— Bond Offering.— Proposals will be
received until 12 M. April 30, 1898, by A . W . Lorentz and E.
Shisler, Councilmen, for $36,030 4J^$ bonds. Securities are
issued pursuant with Chapter 141, A cts of 1872-’73, Code of
W e st Virginia, and authorized by ordinance; $10,000 of the
bonds win be used in paying floating indebtedness and $26,000
for street improvements. The bonds will be in denomination
of $50r>, with interest payable annually in Morgantown.
Principal will mature as follow s: $4,000 in 1908, $1,000 yearly
from 1909 to 1921, inclusive; $1,500 yearly from 1922 to 1927,
inclusive; $2,000 yearly from 1928 to 1982, inclusive. The
total indebtedness, including this issue, is $45,030.
M orristow n, In d .— Bonds Re-awarded.— The town has re
awarded the $3,000 6# street improvement bonds to the Cap
ital State Bank of Greenfield. These bonds were originally
awarded to W . J. Hayes & Sons, Cleveland, on March 2,1898,
at 106-90.
M orton County (P . 0 . M andan), N. D.— Bond Offering.—
Proposals will be received until 2 p . m . May 21, 1898, by P. B.
W ickham , County Treasurer, for $25,000 5# 15-year gold re
funding bonds. Securities are issued to refund 1% bonds
maturing June 1, 1898.
M ount Vernon, N. Y.—Bond Sale.— On April 11, 1898, the
$21,000 5% tax assessment bonds were awarded to the Eastchester Savings Bank of Mount Vernon at 104*75. Following
are the bids:
[V ol , L X V I .
22 bonds at $1,000, payable 2 in 2 y ears: 2 in 3; 8 in 4, 5, 6. 7, 8 ,9 years.
8 bonds at
13 bends at
5 bonds at
2 bonds at
18 bonds at
6 bonds at
5 bonds at
7 bonds at
2 bonds at
3 bonds at
6 bonds at
3 bonds at
!W>0. payable i in 2, S. 4, 5. 6, 7, 8 and 9 years.
500, payable 1 in 1, 2, 3. 4, 6; 2 in 0. 7, 8 and 9 years.
1,000, payable 1 In 1, 3, 4, 7,9 years.
500, payable 1 in 5 and 9 years.
1,000, payable 1 in 1, 2, 3, 4 , 6, 6; 2 in 7, 8 and 9 years.
500, payable 1 in 1, 3, 4, 7 and 9 years.
1,0 0, payable 1 in 2, 4, 6, 8 and 9 years.
500, payable 1 in 2, 4, 5, 6, 7, 8 and 9 years.
. 500, payable 1 in 1 and * years.
500. payable 1 in 8, 6 and 9 years.
500, payable 1 in 3, 6, 7, 8 and » years.
1,000, payable 1 in 3, 6 and 9 years.
Bonds are dated April 1, 1898, and the principal and in
terest will be payable at the Fiscal Agency in N ew York City.
Bids for each class of bonds must be separate, and m ust be
accompanied by a certified check payable to the city o f
Omaha in a sum equal to 2# of the par value of bonds
bid for.
Bids.— F olio wing are the bids received April 5, 1898, for
the $300,003 4i 20-year funding bonds, which were originally
awarded Bernard Thurman & Co., N ew York , but w h ic h
that concern failed to take :
.w *. PWfflflMn < & « 5 g fo r the bonds delivered, $50,000 in 2 V
days, $50,000 in 40 days and $200,000 m 60 days.
Spitzer & C o„ Toledo, $300 premium.
S. A . Kean, Chicago, 1% premium o f i\&%bonds, or i% bonds on a 414% basis.
Bids were all rejected, as stated last week.
Orange School D istrict, Orange County, Cal.— Bond Sale.
— On April 6, 1898, the $6,000 9% school bonds were awarded
to the Oakland Bank of Savings at 104'766. Nine bids in a ll
were received.
Ottawa County, Ohio.— Bonds Authorized.— The Legisla
ture has passed a bill authorizing the issuance of $50,000*
court-house bonds.
Owosso, Shiawassee County, M ich .— Bonds Voted.— Thecity has voted to issue $15,000 bridge bonds.
Parkston (S . D .) School D is t r ic t — Bonds to be Offered.—
W e are advised that the $5,000 school-house bonds w ill be
offered for sale about M ay 1,1898. Interest will be at n o t
more than 7$, and the principal will mature ten years from
date of issue. These bonds were authorized by a vote of 102to 7 at the election held A pril 6, 1898.
Paw nee City, Neb.— Bonds Defeated.—A t the election held
April 7, 1898, the proposition to issue $12,000 school building
bonds was defeated.
Petoskey, M ich.— Bonds Voted and Defeated.— A t the elec
tion held April 4, 1898, the issuance of $8.000 4% electric-light
plant bonds was authorized, and the proposition to issue
$15,000 court-house bonds was defeated. The electric-light
bonds will probably mature in 20 years, although it m ay b e
decided to make them 20-30-year bonds. Interest payable at.
the Chase National Bank, N ew York City. Details o f the
bond offering have not yet been determined upon.
P hiladelph ia, Pa.— Loan Bills Re introduced.— A t the meet
ing of the Common Council held April 7, 1898, loan bills were
introduced providing for the issuance o f $11,200,000 water
and general improvement bonds. This loan was defeated in
the last Common Council. Other bills were introduced pro
viding for the issue of parts of the loan. The loan itse lf
was authorized by the voters of the city at the election last
fall.
P ittsford, N. Y.—Bond Sale.— On April 2, 1898, the $16,000'
4.% gold water bonds were awarded to the Rochester SavingsBank at 1^7*74. A n offer of par for 3)^ per cents was received
from the State Comptroller, and one of par for 3-65 per cents
from R . B. Smith & Co , N ew York. Securities are in de
Eastcbester Savings Bank......... 104-75 I W hann & Schlesinger, N. Y . .. . 101-507
Yonkers Sayings Bank................. 103-10 I Dan’l A . Moran & Co., N. Y ...... 100-165 nomination of $1,000, and mature $1,000 yearly from 1913 to1928, inclusive.
Navajo County, A rizon a .— Bond Sale Consummated.—On
Portsm outh, R . I .— Loan Authorized.— A t the annual
March 10, 1898, the Board of County Supervisors completed town meeting held April 7, 1898, the Treasurer was au
the sale of $15,000 6# 10 15 year court-house and jail bonds thorized to borrow not more than $10,000.
awarded last December to Henry Huning at par.
Putnam , Conn. —Bonds Authorized.— A t the special city
Nemeha County, Neb.— Bonds Proposed.— Petitions are meeting held April 11, 199'8, the issuance of $40,000 street im
being circulated requesting the County Commissioners to provement bonds was authorized by a vote of 212 to 31.
call an election in May to vote on the question of issuing
Red Oak (Io w a ) School D istrict.— Bonds Voted— A t the*
$60,000 court-house bonds.
election held A pril 12, 1898, the citizens of this district voted
New' Brem en, Ohio.— Bonds Voted.— On April 2, 1898, to issue $15,000 bonds for a new highschool and $17,000 re
by a vote of 286 to 39, the citizens of this place author funding bonds.
ized the issuance of $20,000 street and railroad improvement
Renp, Nev.— Bids Rejected.— A ll bids were rejected on
bonds.
April 11, 1898, for the $130,000 6% water-works bonds and?
New B run sw ick, N. J .— Bond Offering.— Proposals will be $20,000 6% electric-light bonds.
received until 1:30 p . m . April 21, 1898, by J. Bayard Kirk
Rhode Isla n d .— Bonds Voted.— A t the election held A p ril
patrick, Treasurer, for $110,000 4% refunding bonds. Securi 6, 1898, by a vote of 16,546 to 13,729, the citizens of this Stateties are in denomination of $1,000, with interest payable May authorized the issuance of $300,000 State House bonds.
and November at the National Bank o f N ew Jersey, New
Richm ond, Macomb County, M ic h .—Bond Offering.— Pro
Brunswick.
Principal matures M ay 1, 1923, A certified posals will be received until 7:30 p. m . A pril 28, 1898, by F .
check upon some national bank for 5% of the amount bid W . Burke, Village Clerk, for $9,000 5% electric-light bonds.
must accompany proposals.
Securities will be dated M ay 1, 1898, and will mature $1,000
New Sharon, Iow a.— Bonds Voted.— A t an election held re yearly on May 1 from 1911 to 1919, inclusive. Interest will
cently the issuance of $8,500 water-works bonds was au be payable semi annually in Detroit.
thorized.
Richwood, Ohio.— Bond Election.— A n election w ill be held
N orth Adam s, M ass.— Bonds Proposed.—A t a meeting of April 18, 1898, to vote on the question of issuing $10,000
the City Council held April 12, 1898, a communication was electric-light bonds.
received from the Mayor recommending the issuance of $30,R o ck ville Centre, N. Y.—Bond Sale.— On April 11, 1898,.
000 4% 30-year sewer bonds.
the $2,000 bonds were awarded to Isaac W . Sherrill, Pough
Omaha, Neb.— Bond Offering.— Proposals will be received keepsie, at par for 4-90 per cent. Bonds mature $500 yearly,
until 12 m . April 19, 1898, by A . G . Edwards, City Treasurer, beginning five years from date of issue.
for the follow ing bonds: $25,000 4% 20 year street-paving
Rome, N. Y .— Bond Offering.— The city w ill sell at public*
bonds authorized at the election held April 20, 1897, by a vote auction, April 18, 1898, $7,000 4% sewer bonds. Securitiesof 9,092 to 1,754; denomination, $1,C00; $69,500 4%% 1-9-year will be in denominations of $1,000, dated April 15, 1898. In
street-improvement bonds authorized by Section 110 of the terest will be payable at the National Park Bank of N ew
Charter and by ordinance N o. 4,390, approved April 1, 1898. York, and the principal w ill mature A pril 15, 1921. These
N inety-tw o bonds are in denomination of $1,000 and forty-five bonds are part of $240,000 bonds authorized by the State Leg
o f $500 each.. They w ill mature as follow s:
\ islature, of which $180,000 have been issued.
A p r i l 16, 1888, J
"
..
■■
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THE CHRONICLE.
St. Cloud (M in n .) School D istrict.— Bond Offering.— Pro
posals will be received until 5 p. m . A pril 25, 1893, by the
School Board for $25,000 A.% school bonds. Securities bear
date M ay 1,1893, and interest will be payable semi-annuallv.
Ten bonds will be in denomination of $1,000 and ten of $1,500
each. They will mature $2,500 yearly on M ay 1 from 1909
to 1918, inclusive.
St. J oh n sville, N. Y — Correct Date o f Sale.— W e are re
quested by H . F . Stichel, Village Clerk, to correct the error
in some of the financial papers, which stated that bids would
be received for the $12,000 water-works bonds until May 20,
1898. The date should b9 A p r il 20, 1898, as given in the
C hronicle last week, p. 725, where a description of the bonds
w ill b9 found.
St. Lawrence County, N. Y .—Bonds Authorized.— The
Board of Supervisors has passed an act providing for the
issuance of $25,00 ) jail bonds. Interest will be at not more
than 4$, payable March and September, and will mature
$5,0C0 yearly, beginning March 1, 1913. Bonds will be issued
in amounts of $1,000 or upwards, as money may be needed.
St. P a u l, M in n .— No Aew School Bonds.— W e are advised
by Mr. V. G . Curtis, Superintendent of Schools, that no de
cision has yet been reached regarding the issue of school
bonds for the city of St. Paul. Mr. Curtis says that in his
opinion the issue will not be made, as the question of consti
tutionality of such an act has been raised and the City A ttor
ney has decided against it.
Salem, Mass.— Temporary Loan.— A loan of $40,000 was
recently negotiated by the city with Curtis & M otley, Bos
ton, at
discount.
San Diego County, Cal.— Bond Election.—Bonds Not Yet
Sold.— In reply to our question whether the $200,000
re
funding bonds had been awarded, as has been stated in some
o f the papers, Mr. J. M. Dodge. Clerk of the Board of Super
visors, writes us as follows : “ N oon e has as yet purchased
the bonds. The bonds are not yet on the market nor will
they be until after the votes are counted on April 30, 1898,
that being the date proclaimed by the Board for the voters of
the county to cast their ballot for or against refunding the
bonds.”
Sandusky, O hio.—Bond Offering. —Proposals will be re
ceived until 12 m ., May 7, 1898, bv A .W . Miller, City Clerk, for
N E W LOANS.
^
1 5 0 ,0 0 0
C I T Y of R E N O , N E V .,
6 PER C E N T BONDS.
779
__
NEW
$18,000 5% refunding bonds. Securities are issued to refu n d
$10,000 sewer bonds, $4,000 water bonds and $4,000 paving
bonds. They w ill be in denomination of $500, and $10,000*
bonds w ill bear date April 2, 1898, $4,000 bonds April 1, 1898
and $4,000 May 1, 1893. Bonds mature $8,000 in five year»
from date of issue and $2,500 yearlv bsginning seven yearsfrom date of issue. A certified check for $1,000 must accom
pany bids.
Bonds Authorize i. — The City Council has passed an ordi
nance providing for the issuance of $40,005
paving
bonds. Securities are in denomination of $500, dated May1, 1898.
Interest will b9 payable semi-annually and the
principal will mature $3,00) yearly beginning Mav 1
1900.
6
J r
San Mateo County, C al.— B o n is Voted and Defeated.— A t
the election held early this month the proposition to issue
$18,000 refunding bonds was favorably voted upon.
A t the same election the propositions to issue $50,000 court
house bonds and $310,000 bonds for a boulevard were de
feated.
Santa C lara County (C a l.), Mayfield School D i s t r i c t Bond Offering.— Proposals will be received until 2 p. m . M ay
3, 1898, by Geo. E. Rea, Chairman Board of Supervisors, fo r
$14,000 H gold school bonds.
Securities are in denomi
nations of $2,0 )0, with interest payable annually on January*
1 at the office of the County Treasurer. Principal will m a
ture $2,000 yearly, beginning four years from date of issue.
A certified check for 10# of the amount of bonds bid for, pay
able to Henry A . Pfister, County Clerk, must accompany
bids.
Sedalia (M o .) School D istrict.— Bond Offering.—Proposalswill be received until 7 :30 p. m . May 16, 1898, by the Board o f
Education, A . W . McKenzie, Secretary, for $15,000 4# schoolhouse bonds. Securities mature twenty years from date of
issue, but are subject to call prior to maturity.
Seguin, Texas.— Bond Sale.— The city has sold $10,000 5 £
improvement bonds.
Seward County, N eb.— Bonds Defeated.— A t the election
held April 5, 1898, the question of issuing $60,000 court-house
bonds was defeated by over 700 majority.
Sioux City (Io w a ) Independent School D istr ic t.—Bond
Offering.— Proposals w ill b e received until 2 p . m . May 9 , 1898r
LOANS.
N E W LOANS.
$1,715,890, which was upon a low and very conserva
tive basis o f valuation.
. Its total bonded indebtedness from all sources is
$15,000. The total rate o f taxation in the year 1897
fo r State, county and local purposes was $2 87 on
FOR
each one hundred dollars valuation.
By its Incorporation A ct the City is authorized,
subject to an affirmative vote o f its electors, to issue
its bonds in a sum not exceeding $150,000 fo r procur
ing water and constructing municipal water-works,
and in a necessary sum fo r constructing municioal
electric-light works. A special election was called
by the City Council fo r October 7,1897, at which L I S T S S E N T U P O N A P P L I C A T I O N
election the electors o f the city voted in favor o f
bonding the city in the sum o f $130,000 fo r municipal
MEMBERS OF BOSTON A N D N EW YO RK
water-works and in the sum o f $20,0<i0 fo r a munici
STOCK EXCHANGES. .
pal electric-light plant by a vote or 409 in fa vor o f
and 130 against. In December, 1897, an action in
quo warranto was instituted in the Supreme Court
o f Nevada by Mr. A . G- Fletcher, in which the con
stitutionality o f the 1ncorporation A ct was assailed
4 0 W a te r Street, Boston.
upon twelve distinct grounds and also in which the
legality, regularity and sufficiency o f the special
1 Broad Street, New Y o r k .
cjection held on October 7,1897, was questioned. On
the 23d day o f February, 1898, the Supreme Court o f
Nevada filed its unanimous opinion in the action, in
which it sustained the constitutionality o f the Incorporation A ct and the legality, regularity and the
sufficiency o f the special election in each and every
particular. The City Council is authorized by law to
raise the necessary funds with which to m eet the
State, M unicipal, County, School
bond interest charges and to liquidate the principal
by either direct taxation o f all property or by water
and light charges against users, or by both.
. ,, ,
R. S. OSBURN,
A tte s t:
President City Council.
F. B. PO R T E R , City Clerk.
Legal investments fo r Savings Banks in New York*
R en o , N e v a d a , March 7th. 1898.
and all New England.
Investment Bonds
New York Savings Banks
and Trustees.
U N DER AN D B Y V IR TU E OP T H A T certain A ct
o f the Legislature o f the State o f Nevada entitled
A n A ct to incorporate the Town o f R eno,” ap
proved March 8,1897, and o f an affirmative vote o f
the electors o f the City o f Reno at a special election
held on the 7th day o f October, 1897, written bids
are invited and will be received until April 11,18*8,
at 8 o ’clock P. M. o f said day, fo r the purchase o f the
bonds o f the City o f Reno in the sum of $ 1 3 0 ,0 0 0 ,
or any part th ereof not less than the sum o f $500, to
be known as and designated as “ K e n o W a t e r W o r k » B o n d «..”
Also fo r the purchase o f the
City o f Reno in the further sum o f
Sv-O, OOO, or any part thereof not less than the sum
o f $500, to be known as and designated as ‘ ‘ R e n o
E l e c t r i c - L i g h t B o n d s .” A ll o f said bonds to
bear interest at the rate o f six per cent, payable an
nually. The principal o f the said bonds to mature
and be payable in equal annual instalments between
and including the sixth and twentieth years from
their date o f issuance, and the date o f the said pay
m ents to be designated upon the fa ce o f the said
bonds. Both the principal and the interest o f the
said bond s to be payable at maturity in lawful m oney
o f the United States o f A merica at the office o f the
Treasurer o f the City o f Reno, at Reno, Nevada. No
bids fo r the said bonds, or any thereof, will be
considered i f fo r less than the par value thereof or if
fo r a less amount than the sum o f $500, and the right
is expressly reserved to reject any and all bids.
The constitutionality o f the above-mentioned A ct
o i the Legislature and the regularit v and the legality
o f the above-m entioned special election have been
sustained by a, comprehensive decision o f the Su
The undersigned will purchase Mortgages am
preme Court o f the State o f Nevada, a copy o f wnich, other
securities, Sheriffs CertiUcates o f Sale, am
together with other pertinent inform ation, will be Warrants
issued by Counties, Cities, Towns am
furnished to prospective bidders upon application sch ool Districts o f the State o f W ashington.
therefore made to the City Clerk.
Bidders should designate in their respective bids
C A L V IN PHILIPS,
the redem ption year o f the bonds fo r which they bid.
C ALIFO RN IA BUILDING,
A ll bids must be sealed, endorsed “ Bids fo r Reno
B onds,” and directed to F. B. Porter, City Clerk,
TACOM A,
W A S H IN G T O N .
R eno, Nevada.
R. S. OSBURN.
A tt e s t :
President City Council.
F. B. PO R TE R, City Clerk.
WARRANTS.
R e n o , N e v a d a , March 7th, 1898.
Carefffily selected, High-grade State, County, Cit'
and Public School issues, maturing in 8 to 24 monthi
Statem ent fo r the In form ation ot P ro s and earning 5 to 8 per cent our specialty.
R. L. DAY & CO.,
HIGH-GRADE
B O N D S .
Washington Securities Rudolph Klevbolte & Co.,
B A N K E R S .
Wanted.
and 3 7 Nassau Street, New Y o r k .
pective Purchasers o f Reno W a te r
w o r k s and E lectric-L igh t Bonds.
*
R O B T . E. S T R A H O R N & CO.,
Equitable Building.
Boston. M ass
TH E CITY OF RENO W AS INCO RPO RATED b
a special A ct o f the Legislature o f the State o f N(
vada, approved March 8,1897. It is the largest cit
on the une o f the Central Pacific Railroad bet wee
Sacramento, California, and Ogden, U ta h ; has had
steady and continuous growth ever since its incei
tion, and is situated in the midst o f the richest agr
cultural and stock-raising countrv between the Sien
Nevada and the R ocky Mountains. Its resource
are agricultural and pastoral rather than those c
mines. It is the terminus o f th e V . & T. R R „ ea
te n d m g south, with its connection, three hundre
an d flity miles, and also o f the N. C. & O. R R., es
tending n oith eighty miles. It is the seat o f th
State University, o f the State Hospital fo r M enu
Diseases and o f the State Agricultural Society. A
th e general election o f 1896 it cast 1,300 votes, an
its present estimated population is 6,500. Its as
sessed valuation for the year 1897 was the su c
Government a n d
Municipal Bonds
B O U G H T A N D SOLD.
Cincinnati.
Philadelphia.
L IS T S M A IL E D UPON A P P L IC A T IO N .
ADAMS & COMPANY,
BANKERS
D E A L E R S IN
I N V E S T M E N T B O N D S,
Members o f Boston Stock Exchange.
No. 7 Congress and 31 State Streets,
BOSTON
APPRA ISEM E N TS M ADE OR QUOTATIONS
FURNISHED FOR T H E PURCHASE, S A L E . O i
EXCHANGE OF A BO V E SECURITIES.
L IS T S ON A P P L IC A T IO N .
N. W. HARRIS & CO.,
BANKERS,
35
7
3 1 NA SSA U S T . (Bank oi Commerce Bldg.)
William E. Nichols,
15 W A L L STREET,
-
NEW Y O R K
M U N IC IP A L W A R R A N T S .
SEND FOR LISTS.
THE
780
CHRONICLE.
"by the Board of Directors. R . M. Dott, Secretary, for $60,000
bonds issued for the purpose of taking up a mortgage stand
ing against the high-school property. Securities are in de
nomination of $1,000, dated M ay 9, 1898. Interest will be
payable January and July at the Fourth National Bank, New
Y ork City. Principal will mature May 9, 1903, subject to
call after May 9, 1903. Bids are asked on bonds bearing 4%
and 4%% interest. A certified check for $1,001 must accom
pany bids.
Sioux F a lls (S . D .) School D istrict.— Bond Election.—
A n election will be held April 19,1898, to vote on the ques
tion of issuing $50,C00 5% bonds for a new high- school building.
Som erville, Was».—Temporary Loan.— The city has nego
tiated a loan of $200,000 with Estabrook & Co., Boston, at
4%% discount. Loan matures July 1, 1898.
Tekam ah, Neb.— Bonds Proposed.—The issuance of bonds
for an electric-light system is under consideration.
Toledo (O h io) School D istrict.— Bonds Refused.— Local
papers state that Mason Lewis & Co., Chicago, have refused
the $90,000 4% bonds awarded to them March 7, 1898. It is
claimed by tbe Chicago firm that there were technical errors
in the resolution of the Board of Education authorizing the
bonds.
U nion City, Tenn.— Bonds Voted.— A t the election held
April 6, 1898, the citizens of this place authorized the issuance
o f $5,000 bonds for a new cemetery.
The vote was 160
to 19.
Van W e rt County, Ohio.— Bond Sale — On April 12,1898,
the $34,000 b% funding bonds were sold at auction to the
Mansfield Savings Bank at 105’588. The county received 13
sealed bids ranging from $233 premium to $3,627 80, but these
bids were rejected, and the bonds were sold at public auction.
Bonds mature $3,000 April 1,1903, $3,000 April 1,1908, $3,000
April 1,1913, and $5 000 yearly on April 1 from 1914 to 1918
inclusive. For further description of bonds see C h r o n i c l e
April 2, 1898, p. 678.
W a lh a lla (S . C.) School D istrict.— Bond Offering.- Proosals will be received until 12 m . May 2, 1898, by James
> 'hompson, Clerk, for $5,COO 6# 25-year bonds. Securities are
in denominations of $ LUO, with interest payable January and
July.
W apakoneta, Ohio.— Bonds Voted.— A t the election held
i
April 4, 1898, the $5,000 electric-light bonds were authorized
by an overwhelming majority.
W a te rv lie t (N . Y .) School D istrict.— Bonds Authorized. —
The Mayor has been authorized to sell $53,000 4% school bonds.
Securities are in denominations of $1,000, with interest paya
ble semi annually. Principal will mature $5,000 yearly on
June 1, from 1899 to 1908 inclusive, and $3,000 June 1, 1909.
W ayne, Neb.— Bonds Authorized.— The issuance of $4,500
5% electric light plant bonds has been authorized.
W ellston , Ohio.— Bond Offering.— Proposals will be re
ceived until 12 M. April 25, 1893, by L. H . Bingham, City
Clerk, for $15,000 5% water-works improvement bonds.
Securities are issued pursuant with Sections 2,835, 2,836 and
2,837 Revised Statutes of Ohio, and were authorized by
ordinance approved March 24, 1898. Bonds w ill be in de
nomination of $1,000, dated April 1, 1893. interest will be
payable semi-annually in W ellston and the principal will ma
ture $1,000 every 6 months, beginning March 1,1926.
W estboro, Mass.— Rote Sale.— The town has awarded two
notes, amounting to $5,000 and bearing 4% interest, to the
Westboro Savings Bank at 101. Notes were issued to pur
chase land for a town library and will mature in 1904 and
1905.
W estbrook, M e.—Bonds Proposed. —The issuance of $24,000
4% refunding bonds is under consideration. Bonds will be in
denomination of $1,000, and will mature in 20 or 25 years.
W ilk in sb u rg (P a.) School D istrict.— Bond Sale.— The
district has sold to R . J. Stoney, Jr., Pittsburg, $50,000 4%
bonds at 102.
W ilm in gto n , D el.— Bonds Proposed.— A n ordinance has
been introduced in the City Council providing for the issu
ance of $50,000 bonds to pay for the Silver Brook sewer and
for the improvement of streets and removing of grade cross
ings.
W orcester, Mass.— Temporary L oa n — The city has nego
tiated the following loans maturing October 5, 1898, at 4)4$,
with local institutions:
$75,000 with the W orcester Co. Institution fo r Savings.
50.000 with the Peoples’ Bank.
25.000 with the Five Cents Savings Bank.
W yandotte, Mich.— Bonds Defeated.— On April 4, 1898, the
question of issuing $30,000 sewer bonds and $7,000 water
bonds was defeated by a large majority.
N E W LOANS.
IN V E S T M E N T S .
PUBLIC SECURITIES
Government, Municipal
SUITABLE FOR
and Railroad Bonds
S A V IN G S BANK A N D T R U S T
FUNDS.
Farson, Leach & Co.,
Los Angeles Traction Oo.
3 1 N A S S A U S T ., N E W Y O R K .
1 9 M ilk Street, Boston, M ass.
WHANN& SCHLESm&ER,
Municipal Bonds,
2
W ALL
STREET,
-
NEW
YORK.
OFFER FOR SALE
Pittsburgh, Pa ................................................. 5s
•Cincinnati, O h io.... ..............................7 3 -1 0 s
-Cincinnati, Ohio....... ................................
7s
L ou isv ille, K y ................................
7s
•Queens County, N. Y . ........— .....................4s
M A S O N , LEWIS & C O „
SYRACUSE
RAPID
T R A N S IT
OFFER FOR SALE
Trinidad, Col. £GoId).........
............................5s
Bangor & Aroostook R R . F irst Mortg.. .5s
The Akron G as Co,, Akron, O ,, 1st M tg.Ss
ALWAYS ON HAND.
Send for our Investment Circular.
DUKE M. FA R S O N , Banker
1 8 2 Dearborn Street
C H IC A G O .
M U N IC IP A L BONDS.
E. C. S T A N W O O D & C o .1
121 Devonshire Street,
BOSTON.
The
Investment Company
o f Philadelphia,
R A IL W A Y 310 Chestnut St., P hiladelphia.
BONDS
Bought and Sold.
ED W A R D C . JO NES CO.
NEW YORK,
- 1 NASSAU STREET,
P H IL A D E L P H IA , - 421 CHESTNUT ST.
Paid-Up Capital,
-
-
9 8 0 0 ,0 0 0
This Companv undertakes the negotiation and
Issue o f loans and capital o f Companies on the New
York or Philadelphia Market and will make ad
vances upon approved Corporate, Personal or Real
Estate Security.
Under its charter rights it will act as Trustee.
Agent or Manager for the control o f corporations
or for the construction of public or private works
Blodget, Merritt & Co., W M . FR A N K LIN HA LL,
Accountant,
B A N K E R S
MMaTsu."?,'"®’ BOSTON, MASS.
16 Congress Street, Boston.
STATE, CITY & RAILROAD BONDS
BAN K ER S.
d7 M iik Street, Boston,!
1 7 1 L a Salle Street, Chicago,
Securities N ettin g from %% to 6#
C. H. W H IT E & CO.,
BANKERS,
E. H. R O LLINS & SONS,
BONDS.
BAN K ERS,
$ 1 7 5 ,0 0 0
1st M ortgage 6% 2 0 -y e a r Gold Bonds •
Total issue $250,000.
First Mortgage at $14,000 per mile.
Netlearnings for 28 months o f operation, $69,983 99
equivalent to 12% on the total issue bf bonds.
Population o f Los Angeles 103,079.
Send for full description of property.
M UNICIPAL
B O U G H T A N D SOLD.
Descriptive L ists on Application
NEW Y O R K ,
2 W a ll St.
IN V E S T M E N T S .
Municipal Bonds.
LISTS M A IL E D ON A P P L IC A T IO N .
C H IC A G O ,
1 0 0 Dearborn Nt.
[Vol. L X Y I
W . J. Hayes & Sons,
BANKERS,
DEALERS IN MUNICIPAL BONDS,
Street Railway Bonds, and other high-grade in
vestments.
B ASTON. MASS.,
Cleveland, Ohio,
7 Exchange Place.
3 1 1 -3 1 3 Superior St.
Cable Address. "KENNETH."
Books audited. Examinations and investiga
tions conducted with the utmost care
and efficiency.
Fred. H
Smith,
So. 8 B R O A D S T R E E T
N E W Y O R K ..
STOCKS AND BONDS.
MARGIN A CCOU N TS S OL ICITED.
INTEREST ALLOWED ON BALANCES,
arket Letter on Application. Correspondence
Invited. Established 1868
4)1 classes of Unlisted Securities and Traction
Stocks Bonght and Sold
THE
A p r i l 16, 1898.]
%nsnxmxcz.
ix
CHBONICLE.
Financial.
I f in a n e i a l
T h e Audit Company
O FFICE OF T H E
MARCH
OF NEW Y O R K ,
A TLA N TIC M UTUAL
Sales the w orld over, o f the
Equitable B u ild in g , 120 Broadway.
Extract from By-Laws of the Audit Company
of New York.
Remington
INSURANCE CO.
A R TIC L E X IV .
Standard Typewriter,
N e w Y o r k , January 2 1 ,1 8 9 8 .
The Trustees, in con form ity with the Charter
o f the Com pany, submit the follow in g statem ont o f its affairs on the 31st o f D ecem ber,
1897:
Prem ium s on M arine Risks from
1st January, 1897, to 31st De
cem ber, 1897............................. $2,844,038 61
P r e m i u m s on P olicies n ot
.<'
m arked o ff 1st January, 1897. 1,047,955 31
la rg ely exceed those o f any
previous m onth in its history,
W Y C K O F F , SE AM AN S & B E N E D IC T,
3 2 7 BROADW AY, NEW YORK.
T otal M arine P rem ium s............ $3,891,993 92
Prem ium s m arked o ff from 1st
January, 1897, to 31st D ecem
ber, 1 8 9 7 ................................... $2,653,653 09
Losses paid during
the same p e rio d .$ l,425,680 20
R eturns o f
Prem ium s
& E xpen’s .$684,939 39
The Com pany has the fo llo w
ing Assets, viz.:
U nited States and City o f New
Y ork S to c k : C ity Banks and
other S to ck s............................... $7,330,895 00
L oans secured b y Stocks and
1,157,000 00
otherw ise....................................
R eal Estate and Claims due the
1,121,500 00
Company, estim ated at............
Prem ium Notes and B ills R e
1,026,605 97
c eiv a b le .......................................
286,424 11
Cash in B a n k . . . . . . . . ...................
$10,922,425 08
Am ount.
Six per cent interest, on the outstanding cer
tificates o f profits will be paid to the holders
thereof, or their legal representatives, on and
after Tuesday, the first o f F ebruary, next.
The diminished incom e yielded on investm ents
in recent years m ay in the future render neces
sary a reduced rate o f interest on certificates.
The outstanding certificates o f the issue o f
1892 w ill be redeem ed and paid to the holders
thereof, o r their legal representatives, on and
after Tuesday, the first o f February next, from
w hich date all interest thereon w ill cease. The
certificates to be produced at the tim e o f p a y
m ent, and canceled.
A dividend o f F orty per cent is declared on
the net earned prem ium s o f the Com pany fo r
the year ending 31st Decem ber, 1897, forw h ich
certificates will be issued on and after Tues
day, the third o f May, next.
B y order o f the Board.
J. H . C H A P M A N , Secretary.
TRU STEES:
Gustav Am sinck,
Joseph Agostini,
V ernon H. B row n,
W aldron P. B row n,
W illiam B. Boulton,
Francis M. Bacon,
Charles P. Burdett,
George C oppell,
Joseph H. Chapman,
Jam es O. De Forest,
W illiam D egroot,
W illiam E. Dodge,
E verett Frazar,
E dw ard Floyd-Jones,
H orace Gray,
A nson W. Hard,
Clifford A . Hand,
W illiam
H enry E. H aw ley,
John D. H ewlett,
Charles D. L everich,
L eander N. L ovell,
Jam es Low,
W. H. H. M oore,
Charles H. M arshall,
George H. M acy,
F rederic A . Parsons,
G eorge W. Quin tard,
Joh n L. Riker,
A. A . Raven,
N. D enton Smith,
Law rence Turnure,
Paul L. Thebaud,
Christian de Thom sen,
G ustav H. Schwab,
H. Webb.
A . A. RA V E N , President.
F. A . PARSONS, Vice-Pres't.
CORNELIUS E LDERT, sd Vice-Pre^t.
THEO. P. JOH N SON ,yd Vice-PrctH,
1850.
1898.
The United States Life
Insurance Co.
IN T H E C IT Y OF N E W Y O R K .
A ll Policies now Issued by this Company
contain the following clansest
“ A fter one year from the date of issne. the
liability o f the Company under this poller
shall not be disputed.”
“ This policy contains no restriction what«
ever upon ■he insured. In respect either oi
travel, residence or occupation.”
A ll Death 'Claims paid W IT H O U T D IS COUNT as soon as satisfactory proofs have
been received.
Active and Successful Agents, wishing to rep re
sent this Company, m ay comm unicate with,
R IC H A RD E. COCHRAN',3 d Vice-President,
at the Home Office, 2t>i Broadway, New York.
officers :’
GEORCH H . BITR.FORD................President
GEO. G. WILLIAMS...........................Vice-President
C. P. FRALEIGH......................... 2d Vice-President
RICHARD E. COCHRAN............3d Vice President
A. WHEELWRIGHT...................................Secretary
J L. KENWA y .......................... Assistant Secretary
WILLIAM T. STANDEN..............................Actuary
ARTHUR C. PERRY..................................... .Cashier
JOHN P. MDNN...............................Medical Director
FINANCE COMMITTEE !
GEO. G. WILLIAMS............. Pres. Chem. Nat. Bank
JOHN J. TUCKER...........................................Builder
E.H.PERKINS, J r ...P res Imp. & Traders’ Nat. B k.
JAMES R. PLU M ...........................................Leather
B A N K IN G H O U S E OF
EXAMINATIONS TO BE CONFIDENTIAL.
Section 1. The results o f all audits and e x
am inations m ade b y this Com pany shall be
treated as strictly confidential b y both the ex
am iner and the m anager o f the Com pany. In
all oases, unless otherwise directed or requested
b y the applicant, the reports o f the Com pany
shall be m ade in duplicate, one to be delivered
to the ap p lican t and the other to be sealed np
and retained b y the Company.
Sec. 2. In n o case shall the duplicate report
so retained by the Com pany be open to the in
spection o f the directors, officers, or em ployes
o f this Com pany, n or shall the contents be
made know n e x cep t upon authority o f a reso
lution o f the B oard o f D irectors o f the Com
pany.
Sec. 3. E ach officer and em ploye o f the
Com pany w ho shall participate in m aking e x
am inations or audits BhaU., on entering the^emp loy o f the Com pany, m ake oath that he w ill
n ot divulge any inform ation obtained b y him
In the course o f his em ploym ent relating to
audits or exam inations.
American Express Co.
E s t a b l i s h e d 1841.
C a p i t a l , $18,000,000
65 BROADWAY.
Issues TRAVELERS CHEQUES immodiately available as funds everywhe:
Draws FOREIRN DRAFTS in Sterlin
Francs, Marks, and M o n ey O rd e i
on all parts of the Commercial World.
Makes CARLE TRANSFERS of money
to England and the Continent.
These facilities are obtainable at all
offices of the Company.
SECURE BANK V A U L T S .
H A IG H T & FR EESE,
58 BROADWAY, NEW YORK.
Boston, 85 State St.; Philadelphia, 402 Walnut St
Execute orders in Stocks, Bonds, Grain, Cotton
and Provisions on the New York, Philadelphia, Bos
ton and Chi' ago Grain and Stock Exchanges for in
vestment or to be carried on margin of 3 to 5 per
cent at moderate rates of interest and 1-16 commis
sion. Interest allowed on margins and deposits sub
ject to check at sight.
D E T ER M IN IN G T H E F IN A N C IA L R E .
S P O N S IB 1L IT Y OF T H E F IR M W IT H
W H IC H YOU D E A L IS AS IM P O R T A N T
AS SEL E C T IN G T H E R I G H T S T O C K S .
Private wires to Boston, Philadelphia and Chicago.
Branch Office. 11312 Broadway, New Y ork .
ATTORNEY
Robert R. Lockett,
AU STIN , T E X A S ,
OF NWI UE
WELDED CHROME STEEL A N D IRON
Round and Flat Bars and 5-plv Plates and Angles
FOR SAFES, VAULTS, &c.
. ,
Cannot he Sawed, Cut or Drilled, and positively
Burglar Proof.
CH R O M E S t E E L W O R K S ,
Kent Ave., Keap & Hooper Sts.
Sole Man’f ’ers in the U. 8. B R O O K L Y N . N. Y
J. Spencer Turner,
J
1 SUCCESSOR TO
Brlnckerlioft, T urn er & Co.,
MANUFACTURER AND DEALER IN
COTTON SAIL DUCK
AND ALL KINDS OF
OOTTON CANVAS FELTING DUCK
CAR COVERING BAGGING,
RAVENS DUCK, SAIL TWINE, 4 0 .
POPE “ AWNING” STRIPES.
A T T O R N E Y -A T -L A W .
Does a general practice in all the higher '•ourts of
Texas, and before the different departments of the
State Government. Bond, Insurance and Cori or
ation litigation, Charters and corporate permits se
cured. CouDtv and municipal bonds examin-»d. Ir
regular bond issues adjusted. Law correspondents
in every city and town in Texas. Trivial business
not solicited.
UNITED S T A T E S BU N TIN G CO.
A full supply all Widths and Colors, alwaysItt
»look.
_
1 0 9 Duane Street, New Y ork ..
Theodore Leonard,
ATLANTIC MUTUAL SCRIP wanted.
¡end ns your orders for LOCAL SECURITIES
ither at private SALE or AUCTION
A SENT
i. P . W in trin g h a m , 86 Pine St., N. Y.
A T T O R N E Y -A T -L A W ,
Investments and Corporations.
Reference, First National Bank.
C O L C B B U S, O H IO ,
wheeler Blcjg.
FOR
SALE.
C H R O N IC IÆ
VOLUM ES.
WILLIAM B. DANA COMPANY, 76tf Pine St\N
Y
THE
A
©xritcrvu
CHRONICLE.
[V o l . L X V I,
Jfitmncii*!.
W itm u tiv d .
W . T . Hatch 8c Sons,
WOODW ARD
& S T IL L M A N ,
COTTON
BANKERS AND BROKERS,
Chas. Fairchild 8c C o.,
MERCHANTS
16 to 22 W IL L IA M
KEW
YORK.
Members of N. Y. Stock and Produce Exchanges.
High-Grade Investments,
29 W all Street, N ew Y o rk .
STREET1
M
em bers
N
Y
ew
ork
S
E
tock
xch ange
96 Broadway & 6 W a ll St., New York«
.
Dealers n investment stocks and bonds.
Personal attention g ven at the New York Stock
Exchange for the purchase and sale on commission
of stocks and bonds for cash or on margin
COTTON OF ALL GRADES SUITABLE TO
WANTS OF AMERICAN SPINNERS.
L e h m a n , St e r n & Co., Limited, New Orleans, La.
•Le h m a n -D u r r Co ., Montgomery, Ala.
LEHMAN
BROS.,
COMMISSION M E R C H A N T S,
Nos. 16-22 William Street,
NEW
HAVEN & STO UT,
BANKERS AND BROKERS,
1 Nassau Street, Corner W a ll Street,
f NEW YORK STOCK EXCHANGE,
Members o f j NEW YORK COTTON EXCHANGE,
[ CHICAGO BOARD OF TRADE.
YORK.
Orders executed on above Exchanges In
MEMBERS OF THE STOCK, COTTON, COF
FEE AND PRODUCE EXCHANGES,
NEW YORK
BONDS, STOCKS, COTTON, GRAIN.
&jcrttiro.
Orders executed on the above Exchanges, as well
In New Orleans, Chicago and foreign markets
F.
H.
Prince
8c C o.t
BANKERS1
B O S T O N , MASS.
HIGH GRADE IN V E ST M E N T S
Members o f New York and Boston Stock Exchanges
Henry Hentz & Co.,
C O M M IS S IO N
M E R C H A N T S,
R I O R D A N 8c C O .,
1 6 to 3 9 W illia m Street, New Y o r k .
EXECUTE ORDERS FOR FUTURE DELIVERY
Cotton, Grain,
COTTON,
Stocks,
R. A . Lancaster 8c Sons,
A t the New York, Liverpool and New Orleans
Cotton Exchanges. Also orders for
43 C O T T O N E X C H A N G E ,
BANKERS,
N E W YORK,
N o. 10 W A L L S T R E E T ,
NEW YORK.
COFFEE,
At the New York Coffee Exchange, and
DEALERS IN
G R A IN A N D P R O V IS IO N S ,
INVESTMENT and MISCELLANEOUS
SECURITIES.
A t the New York Produce Exchange
and the Chicago Board of Trade.
Southern Securities a Specialty.
Hopkins, Dwight & C o., Hubbard Bros. 8c C o.,
B A N K E R ,
ANT
Hanover Square,
No. 1 BROADWAY, NEW YORK.
S O U T H E R N PRODUCE
YEW YORK.
COTTON. COTTON-SEED O il,
COMMISSION
Gustavus C. Hopkins,
Charles D. Miller.
M ERCHANTS,
P H IL A D E L P H IA .
L iv e r p o o l Co r r e sp o n d e n t s ,
Frederic Zerega Sc Co.
McFadden, Zerega Sc Co.
M,~T. MAINE.
WM. RAYS
Geo. Copeland & C o.,
COTTON B R O K E R S ,
-
-
Mason Smith 8c C o.,
COTTON COMMISSION MERCHANTS,
N E W O R L E A N S, L A .
M E M P H IS , TEN M
DALLAS, T E X .
Buyers o f Spot Cotton. Orders for Contracts exe- silted In the New Orleans, New York, Liverpool and
IJayrq Markets.
J. A . M o n t g o m e r y
Baily 8c Montgomery,
COMMISSION M ERCHANTS ,
C o t t o n E x c h a n g e B ld g .
NEW Y O R K ,
Execute Orders for future Delivery o f Cotton,
Grain and Provisions
SECURITIES.
UNITED STATES BONDS
Bought and Sold bv
Cahoone 8c Wescott,
Members New York Stock Exchange,
18 W A L L S T R E E T ,
NEW YORK
R. H. ROUNTREE & CO.,
g a w k s.
COMMISSION MERCHANTS,
o tto n
, G
r a in
, P
r o v is io n s a n d
C
offee
.
COTTON EXCHANGE BUILDING,
NEW YORK.
P a u l Sc h w a r z .
g . H o w a r d W il s o n .
Paul Schwarz 8c C o.,
COTTON COMMISSION MERCHANTS,
1 W illia m Street. Now Y o rk .
Members New York Cotton and Coffee Exchange.
New York.
Cotton landed at mills from Southern markets a
.«specialty. Orders for future delivery contracts
exeouted on New York Cotton Exchange.
b a il y .
M ERCHANTS.
Liberal Advances Made on Cotton
Consignments.
C
-B r e m e n Co r r e s p o n d e n t s ,
129 Pearl Street,
COTTON
Lnclus Hopkins Smith,
Samuel Hopkins.
Geo. H : M°Fadden & Bro.,
COTTON
INVESTM ENT
MERCHANTS,
R eem 9 3 , Cotten Exchange Building.
NEW YORK
■«Sb o . W.
A . S. Van Wickle,
Coffee Exchange Building,
FIRST NATIONAL
OF
BANK
M IL W A U K E E .
C A P I T A L .....................................$ 1 ,0 0 0 ,0 0 0
SURPLUS,
$ 2 5 0 ,0 0 0
Transacts a General Banking and Foreign Exchange
Business. Collections receive Special Attention.
OFFICERS:
F. G. B ig el o w , Pres’t.
F. i . K ip p , Cashier.
W m . BiGELOW,V.-Prest. T. E. Ca m p , Ass’t Cashier.
F. E. K r u e g e r , 2d Ass t Cashier.
LO C O M O TIVES*
Richmond Locomotive & Machine Worki
San Francisco.
RICHMOND, VIRGINIA.
SIMPLE OR COMPOUND LOCOMOTIVES
THEIR OWN DESIGNS OR, TO SPECIFICATIONS
M o d e r n l y e q u ip p e d s h o p s .
Annual capacity 3 0 0 locomotive*
Terms made satisfactory.
Correspondence Solicited
Fifth Avenue Hotel,
M a d is o n S q u a r e , N e w Y o r k .
The largest, best appointed and most liberally
managed hotel in the city, with the most centra
and delightful location*
HITCHCOCK DARLING & CO.
Haskins
&
Sells,
Certified Public Accountants,
JVO. 3 0 B R O A D ST., R B W YO R K ..
The First National Bank
O F SAN FRAN CISCO , CAL.
UNITED éTATES DEPOSITARY
C a p ita l, $ 1 ,5 0 0 ,0 0 0 1 S u rp lu s, $ 9 5 0 ,0 0 0
S. G. Mu r p h y , President. Ja s . K. L y n c h , Cashier.
Jam es M offitt , V.- Pres. J. K. Moffitt , Ast. Cash*
General Banking Business. Accounts Solicited.
Canal Bank,
N E W ORLEANS, LA.
(Successor o f N. O, Canal & Banking Co.)
c a p i t a l ; $ 1 ,0 0 0 ,0 0 0
J. C. MORRIS, President. EDWARD TOBY, Vice
Pres. EDGAR NOTT, Cashier.
Correspondents—National City Bank, NatiQna..
Bank of Commerce, New York; Boatmen’s Bank St.
Louis; N. W. National Bank, Chicago; Merchants’
National Bank. Boston
@FedFRASER