Full text of Commercial and Financial Chronicle : April 17, 1897, Vol. 64, No. 1660

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Q u o ta tio n

S u p p l e m e n t (Monthly)

S t r e e t R a i l w a y S u p p l e m e n t (Quart^

In v e sto rs

S u p p l e m e n t (quarterly)

S t a t e a n d C i t y S u p p l e m e n t (semAnnuai^

[E ntered a ccord in g to A ot o f Congress, in the year 1897, b y the W il l ia m B. D a n a C o m p a n y , in the offloe o f the L ibrarian o f Congrea®,

VOL. 64.

SATURDAY, APRIL 17, 1897.

% \xt

(fa h c o n itlz .

PU BLISH ED

Rochester..........
Syracuse............
Scrantor...........
Wilmineton.......
Binghamton......
Total Middle..

Week ending April 10.
1897.
1395.
P. Oent
$
601.0*3,3)5 624.401.080
475.803 978
—4
62 5<>4.a9‘
54.807 4.1
—7*!
17,122.27*.
15.l50.7o’
+12*:
1*2,937.15j
l4,155,U3r
13,2.-8 779
+01
11.059,428
3.790/98
4,273.47(
8.799,79
—11V
2,131.011
2.178,50:
—2 2
1.348.02*
1,3MS,091,634,595
—9 J
1,282,21:
ass.w
948 395
927,19.
-0 -:
7dl,52f
0a9 01:
807.148 —12*i
071,INE
720 2-8
070 601
—7*(
333, 70l
800.40
+m
313 0 a
598,4 40,7Ot 8i8.0D5.tLS
—4*7 504.795,973

..
Bosto ...... ..
Providence. ... ..
Hartford..............
New H aven.,... ...
Springtleld............
Worcester.............
Portland...............
Fall River............
Lowell..................
New Bedford.......
Total New Bng..

90 770 8P€
4.521.4CK
a.liri.oa;
1,401 351.223.20:
1,351 00)
1,320 S-l
832.31;
821,011
404,210
111.232.144

Olearingt at—

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One tim e ....... ......................... $3 50 I T hree M onths (13 tim e s)..$2 5 00
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New Yorx..........
Philadelphia....
Pittsburg...........
Baltimore..........
Buffalo............. .

Washing oo.....

Chicago................
Cincinnati............
Detroit.................
C leveland.. . . . . . .
London Agents:
Milwaukee...........
M essrs. E d w a r d s <fe S m ith , 1 D rap ers’ Gardens, E . O., w ill take snb- Columbus...........
• orlp tion sa n d ad vertisem en ts,an d su p p ly sln g le c o p le s o f the paper Indianapolis.......
Peoria............. .
at l s .e a o h .
Toledo..................
W IL L U I U B . D AN A C O U P A N Y , P u b lis h e r s ,
Grand Rapids,......
Dayton.................
P in e S tre e t, C o r n e r o f P e a r l S tre e t,
Lexington...... .
P ost O p f io e B o x 95 8.
NEW YORK
Saginaw................
Kalamazoo...........
Akron....................
Bay City................
CLEARING HOUSE RETURNS.
R ock ford .............
Ohio...
The following table, made up by telegraph, etc., indicates Springfield,
Cantop................
that the total bank clearings of all the clearing houses
Tot. Mid. West’r.

of the United States for the week ending to-day, April 17,
have been $911,412,573, against $929,601,426 Last week and
$1,018 231,267 the corresponding week of last year. The loss
is in part due to the occurrence of Good Friday in the week
of this vear.
Clearings .
Returns by Telegraph.

Week Ending April 17.
1897.

1896.

Per Oent.

New York..... ................
Boston ..... . . . . . ___ _
Philadelphia................
Baltimore ___ ............
Chicago . . . . . ---- ------St, Louis
. . . . . . ____
New Orleans.......... ...

S450.677.898
79.121,714
38.985.576
9,362,880
68.728,142
24,307.812
5,452,912

$450,788,036
73.201,720
54.850.250
12,247,036
79.348,115
21.047,337
7,397,303

1-4
+8'0
28-7
-2 3 0
-15-9
+15-5
-26*3

Seven cities. 5 days
Other cities, 5 days

$074,636,934
118.013,241

$701,743,883
135,017,201

—4*3
-1 2 6

Total all cltlos. 5 days
All cities, 1 day........ ........

$792,050,175
148.702,398

$839,761,144
178,470,123

-5 -0
-10*0

$941,412,573

$1,018,231,207

-7 5

Total all cities for week

The full details of clearings for the week covered by the
above statement will be given next Saturday. We cannot,
o f course, furnish them to-day, bank clearings being made
up by the various clearing houses at noon on Saturday, and
hence in the above the last twenty-four hours of the week
have to be in all cases estimated, as we go to press Friday night.
We present below our usual detailed figures for the pre­
vious week, covering the returns for the period ending with
Saturday noon, April 10, and the results for the corres­
ponding week in 1896, 1895 and 1894 are also given. Con­
trasted with the preceding week, there is a decrease in the
aggregate exchanges o f about seventy-six million dollars,
and at New York alone the loss is marly sixty-five and a
quarter millions. In comparison with the week of 1896 the
total for the whole country shows a decrease o f 3’6 per cent.
Compared with the week of 1895 the current returns record
an increase of 5'4 per cent, and the excess over 1894 is 4'4 per
oent. Outside of New York the decline from 1896 is 2'7 per
cent. The increase over 1895 reaches 5'3 per cent, and making
comparison with 1894 the gain is seen to be 4'2 per oent. 4-Si]

NO. 1,660.

1897.

1890.

91,197.701
4,7?0*4O(
2.947,775
1 594 27.
1,419.1 U
1,450.95;
1.295.891
907.937
504.30(
500.253
lO0.90O.0Od

71,0o7,8'tl
81.352,211
12,016 509
13.045,35
5 010,855
5,-04.004
0,058,53',
5.577,391
4 188,7A
4 2,1,337
3,999 2O'.
3,88i:,70o
2.U82.0 42.007 Oil
1,38 4,.-05
l.?4P.8'Ji
1.42l,08i
1,275.»*5
087.rO,'
82a bie
7i 8.0S3
808.078
315.101
205 937
241.000
332.371:
239/11
25>2’>6
27'\30i
235 88
170,« 0
234 530
190.1 9t
240.774
150 4o;2 i 0*18*1
2ou,0d4
234,10114.393.052 131.719.714

+5-S
-5*:
—17 t
—3‘i
—13!
—7'2
+2 •
—8*1
+46
—3
-K*o

84,450 827
4.954 6
1,876,031
1.315.41:
1.320 541
1.192,80.
1.2»8,20*
704,244
593/91
433.29.
98.100.68C

1894,
479,082.237
14.P08.632
1,607 473
1^451.040
632,845
652.127
380.100
575,692 830
76,994 944
4.230 900
J,280,891
820,079
019 3*5
408.709
90.184,229

-9*0
80,397 282
81.656.920
+3"a
12.088 8nt
13.Sl7.450
—lu*(
6,029 438
6.097.075
+8*1
5.407.44:*
4.781,633
—2’j
1,009,5?]
3,809,434
+ 07
3.710,70'
3.493.500
+07
1.229.181
1 283.603
—ao*i
1/94.519
1,922.010
1-11 4
—10*7
790,0 it
701,272
—17:
+18 e
373.05?
353.'340
—27';
330.997
299,969
—0"o
25-2 It24W.2S1
+10 7
2*0.267
191.371
-24*7
201,404
327,482
-C l 1
29H,*.0i
208,801
—27 7
178 823
1as 850
+10-7
200,. 9i
165,172
—d'u U8,200,otP 119.527,708
+0 6
11/83,004
11.095,207
+1 5
1,34*2,(»Oii
1.329,100
+I3*i
1,007.096
1,118,665
—13 7
L uo / m
956,242
—178
609.114
1-4 2
523.39
545.880
+24 7
383,250
231.774
—4+0
130.112
117,190
—61*2
71.837
108,799
—0*6 10,940.848
19.714.115
+18*1
0,93* lvs
10.298.943
—J0*0
3 957.73?
5.079.500
—1*4
3,165,28>
6.421.532
—58*6
3,109.120
3,010.682
—38*5
2,7)8,485
3.218,000
—38*1
1.2P3 101
+U-1
L607.079
—8*0
1.071,301 , 1,149,047
+7 3
605.328
777.960
—2’4
378,094
604.958
-10*7
451,491
632.720
+2-3
317,722
3.84,111
-7*0
00,496
81 000
4-81 8
57.047
4 92,000
—7*0 27,044.907
32,004,284
+1*0
25,184 436
22,922.810
—19-0
7/04.030
7.436.911
+21*8
5.010.989
5.036,205
-6*6
2.304 012
2 020.775
+15*9
2.300,1 00
1,811.194
+34*1
1.999.< 83
1.808,274
—4*6
2.275.339
2,282,844
-17*7
1,707.390
1,570.371
+4-4
1,123,2-0
1,101,240
+4*3
1.097.720
1,007.051
-0*1
916.8.H0
898,997
-5 '2
80** 301
1.285,130
-10*3
1,210.920
516,720
—23 7
812.470
600,000
+21*7
530.213
—5*2
299,001
295,748
-13*1
-1 0 0
401.606
-81*6
403.7- 2
463.899
-10*0
271,546
207,800
+1-3
67,010.094
51,058,634
—36 882,237.017 890.741,200
-2*7 400,343,039 410,658,903

San Francisco..
Salt Lake City..
Portland..........
Los Angeles.....
Tacoma............
Seattle.......
Spokane.........
Fargo.................
Sioux Falls.......
Total Pacific.,

12 342 348
LSI*. 639
l.OMd.500
Jl,27i, 220
37 .001
6<i0 h; 0
632.221
10'i.OOO
39 732
17,683,6(7

IS.IM.ODl
1.299,163
97".495
1.471.187
450.104-0,419
427.074
183,900
81,417
17.001,804

Kansas City.........
Minneapolis.........
Omaha..................
St. Paul................
Denver................
Davenport............
St. Joseph ..........
Des Moines..........
Sioux City............
Lincoln.................
Wichita................
Topeka.................
Fremont................
Hastings..............
Tot. o*her West

10,752.741
6/74 119
4.110.049
2.493 438
3,200.116
645,481
1.305,772
996.757
611.671
293.448
110,704
321,047
66.073
80.215
80,101,899

9,5-0.885
fi.0f2.282
4,170,930
t.oei.ots
3.224 155
1.OI2.09E
1,176.000
l|Or-O,C90
470,884
302.703
469,049
314,470
59,017
H1.102
32,033,573

St. Louis...............
New Orleans.........
Louisville.............
Galveston.............
Houston...............
Savannah.............
Richmond............
Memphis..............
Atlanta.................
Dallas...................
Nashville..............
Norfolk.................
Waco....................
Fort Worth..........
Augusta..............
Birmingham.........
Knoxville.......... .
Little Rock..........
Jacksonville........
Chattanooga.........
Total Southern.

21.904.095
7.809.381
0.348.538
2,258.400
2,758.700
2,173.009
2,061.012
1,808.001
1,322,0 72
1.150.370
1.197,243
8J3,5S5
488.092
000.142
717.231
397,200
421.89.1
333,187
206.474
273,981
67.780.3J7

23.000,053
9,105,016
6,233.133
2,119.042
2.379,421
1,020.540
2.150.220
2.193,200
1,2-7.255
1,103.845
1,19r>.200
931.687
68 *.100
805.003
689.442
419,202
489.375
370,244
883.174
304,48 >
67,003,940

Total all.............
Outside N. York.

929,001.420
427,928.124

904.138.250
439,737.170

Montreal.,..........
11,918.724
7.031.65 •*
Toronto.......... .
1,340,418
Halifax...............
990,240
Winnipeg............
701.838
Hamilton............
603.311
St. John*.............
Total Canada...
21,988.780
• Not Included in tetali

7.418,803
0,970.425
1,154.140
980,08u
702.322

-f0r7
+09
+107
4-1*0
-7*9

9.563.348
4,441.313
907.305
741.382
698,3&2

9 810.176
6,020.802
990.215
816,480
573,181

17.2-6.Si9

4-27 2

10.2*1.700

17.221.862

THE CHRONICLE.

728
T llE

F lX A N C IA L

S IT U A T IO N .

The prominent incidents of the week most inti­
mately connected with business affairs have boen the
announcement in brief of the plan adopted for refund­
ing the bonded debt of the New York Central and the
Harlem railroads under an arrangement with Messrs.
J. P. Morgan & Co. of New York and J. S. Morgan & Co.
of London, the large auction sale of cotton goods the
notification of which we published last Saturday in our
drv goods report, and the action of the Senate on the
motion of Senator Morrill by a vote of 24 to 23 refer­
ring Senator Vest’s resolution in opposition to *die re­
troactive clause of the House tariff bill to the Senate
Finance Committee which committee now has the
tariff bill in charge.
This disposition of Senator Vest’s resolution has con­
siderable .significance. In substance that resolution
declared it to be the duty of the Secretary of the
Treasury to execute the existing tariff law, but
claimed that the Secretary’s order to Customs offi­
cers relative to goods imported after April 1 nullified
that law, and consequently was not only unlawful
but an act of intimidation against importers. Very
naturally this resolution, as amplified by the remarks
of Mr. Vest, threatened quite a warm controversy.
Thereupon Senator Morrill expressed regret that the
tariff bill should be discussed before it had been
perfected and presented to the Senate and moved
that the resolution be referred to the Finance Com­
mittee, suggesting that some of the provisions
under discussion might be changed before reaching
the Senate. Mr. Vest replied that he had not pre­
cipitated the tariff debate but that the Secretary of the
Treasury had done it by his illegal order.
It will be readily seen that under these circumstances
no disposition of the resolution could be more appropri­
ate than a reference to the committee which had the
tariff in charge, and one would suppose that it would
have received a large affirmative vote. In the first place
the Secretary.could not justly be blamed for his action.
The House had passed the bill and it was by no means
his province to assume that the provision in question
was void; whereas unless Mr. Gage had acted at once
his non-action would have left the provision without
the means for its enforcement. Then again it is not
unlikely that the bill when it come3 before the Senate
will be shorn of the offensive provision, and to continue
to discuss now a section which may not be a part of
the bill when it comes up for discussion was evidently
premature. We say then that to have secured a refer­
ence of such a resolution to the Finance Committee by
only one majority speaks badly for the success of a
retroactive provision before the open Senate, should
that provision happen to be in the A ct when it is re­
ported. In other words, is it not pretty safe to as­
sume that this narrow escape either will keep that
clause out of the bill, even if there had been before a
probability of its being included by the Committee, or
ensures its being struck out by a majority of the Senate
if the Committee has the temerity to keep it in.
The very large auction sale of cotton fabrics is a fea­
ture indicative to a considerable extent of the goods
trade. Since the election last November manufacturers
have taken a very hopeful view of future prospects. It
'Is no surprise that wheh the result of the election was
1known there should have been a decided reaction from
the fear and depression previously existing. But what
’ “'^ned was more than a reaction; cotton manufac# . Jr. It 1.

[Y ol. L X IV .

turers (although then holding large stocks of goods)
discounted, and apparently at once acted upon the
belief of a speedy and complete mirket recovery— they
assumed a protective tariff passed, pric33 correspond­
ingly higher and dein ind eager enough to consume old
stocks and current large production; so they set their
spindles at work running at pretty nearly full capacity.
It is hardly necessary to say that none of- these hopes
have been realized, while a further fact, unfavorable to
the sale of the cotton goods accumulating in stock,
was that raw cotton has during the intervening months
been declining. Out of such surroundings the auction
this week came as a natural development, It is a very
encouraging fact that the sale has proved more success­
ful than could in reason have been anticipated; that
the goods as a rule met an active in juiry and have been
widely distributed. As to prices, the reports state that
though some articles went below value the large body
of the goods offered fetched within a fraction of the
market values. All of which is remarkable and encour­
aging on a sale of such magnitude under present con­
ditions.
A s to the Central’ s refunding scheme the operation
affords evidence that our railroad managers are alive
to the advantages to be gained by replacing existing
high rate bonds with new issues bearing much
lower rates.
It is only a few weeks since the
Lake Shore arrangement was announced, and the Cen­
tral plan therefore has followed in pretty quick order.
Perhaps it would have come even sooner had not the
Trans-Missouri freight decision intervened tempor­
arily to unsettle confidence in the future of the rail­
roads. Nor are these two cases likely to prove isolated
instances. Other roads similarly situated are certain
to follow in the footsteps of the Lake Shore and Central,
and undertake to gain for themselves the advantages
to be derived through such refunding arrangements.
We refer to-day in a separate article to the opportuni­
ties possessed by the Burlington & Quincy for carrying
out a project of that kind. And several other promi­
nent companies also have it in their power to better
their situation in like manner. The whole matter pre­
sents a very interesting development in the railroad
world. It will be remembered that in a specially pre­
pared table, published in our issue of March 13th, we
showed that there are altogether over 710 million dol­
lars of bonds bearing 5 per cent interest or over, which
will mature before the end of the year 1905, and that
the saving in refunding these bonds at 4 per cent
would be $16,678,630 and in refunding them at 34 per
cent $20,232,138. Of course not every company will
be able to float a 3.) per cent issue, and the saving will
to some small extent be reduced by the allowance that
will have to be made for the premium on existing is­
sues of bonds. But taking the saving at only the
smaller figure, namely $16,678,690, the amount, it will
be seen, would pay over lj) per cent on a thousand
million dollars of stock.
So far as the Central is concerned, the benefits to
result from the arrangement are very great. It is pro­
posed to take up all the existing issues of bonds on the
New York Central property, amounting to over 70
million dollars, and to replace them by new 3£ per cent
bonds. The total issue of these 3 ) per cents is to be
100 million dollars, but 15 million dollars are to be
reserved for new construction after 1903. Supposing
the whole amount of the remaining 85 millions to be
issued at once (either for refunding purposes or to
provide ready cash), the interest charge per annum

Ap b il 17, 1897.1

THE CHRONICLE.

would be only 82,975,000, as against an aggregate in­
terest charge now (including interest on real estate
mortgages) of 84,153,776. The saving would thus be
81,178,776, equal to over 1£ per cent on the 100 mill­
ions of Central stock. In addition, it is proposed
to refund into 34 per cents the 812,000,000 of Hew
York & Harlem consol. 7s, thus effecting a fur­
ther reduction in annual charges of 8420,000. But in
this latter instance it has not yet been definitely deter­
mined, we believe, whether the saving will go to the
Central stockholders or belongs to the Harlem stock­
holders.
There have been other happenings of importance
during the week which have elicited no little discus­
sion in financial circles. The most conspicuous of
these has been the appointment of three commissioners
by the President, commissioned apparently to go to
Europe and seek to enlist the leading commercial na­
tions to join with the United States in bringing about
international bimetallism. As we have written quite
at length with reference to this matter, all of which
will be found to-day on pages following this article,
we need not a id anything on the subject in this column.
Another affair of wide interest has been the conference
of the Board of Control of the Joint Traffic As­
sociation, President Chauncey M . Depew presid­
ing, at which the Association’s counsel (ex-Senator
Edmunds, Hon. E. J. Phelps and James C. Car­
ter, Esq.) were present and reported that they
had made a further and full examination of the char­
acter of the Association and of the decision of the Su­
preme Court in the Trans-Missouri freight case; that
after going over the ground fully their opinion was
that the Joint Traffic Association was legal and would
be so declared by the Supreme Court when the case
was argued next October. Thereupon, after hearing
the opinion of counsel, a resolution was adopted by the
Board of Control to the effect that pending the final
decision of the Supreme Court the Association would
continue to maintain and carry out the provisions of
its organization.
In connection with the foregoing it is worthy of
notice that Representative Shannon, of Hew York, lias
this week introduced in the House a bill to amend the
Anti-Trust law of 1890 so that the law will not
prevent railroad traffic agreements.
W e remarked
upon Senator Foraker’s pooling bill two weeks since.
Mr. Shannon’s proposed amendment is more simple
and probably would be quite as serviceable. It pro­
vides that nothing in the A ct of 1890 shall be taken
to prohibit railroads from entering into agreements
between each other for the purpose of maintain­
ing freight and passenger rates, provided that
such agreements before going into effect shall be sub­
mitted to and be approved by the Inter-State Com-'
merce Commission. Another contribution this week
to the efforts making to right the wrong the Supreme
Court decision against the Trans-Missouri Freight As­
sociation has done is a communication published in the
issue of April 11 of the New York “ Sun” from. W il­
liam D. Guthrie, one of our foremost lawyers, in
which he attempts to show, and certainly makes a very
plausible argument in proof of his contention, that the
Sherman Trust Act of 1890 is in conflict with the Fifth
Amendment of the Constitution, which provides that
no person shall be deprived of life, liberty or property
without due process of law. The question of Constitu­
tionality was not argued or even raised before the
Court. This opinion has attracted wide attention.

729

The monthly statement of iron production, as pre­
pared by the “ Iron Age” , shows results just about as
would be expected from the present situation of the
trade. The weekly production has further increased,
but the number of furnaces in blast has diminished.
In other words, low prices are forcing out the smaller
and less advantageously situated furnaces. There
were on April 1 1897 only 153 active furnaces against
156 on March 1 1897, but these 153 furnaces
have
a capacity of
173,279
tons per
week,
against a capacity of only 169,986 tons for the
156 furnaces in blast on March 1.
The con­
trast in this respect becomes still more striking when
we go a little further back. Thus on July 1 1895
there were 185 furnaces at work, against only 153 now,
but these 185 furnaces turned out only 171,194 tons of
iron per week, whereas the 153 furnaces now in
blast are turning out 173,279 tons per week. Since
the 1st of last September the net addition to the num­
ber of active furnaces has been only 8, while the
weekly product has increased from 129,500 tons to
173,279 tons.
The “ Age’s ” figures again show a
slight increase in the totals of stocks, sold and unsold,
though the increase is small considering the expansion
in the output which has occurred during the last few
months.
W e have obtained a return of the gross and net
earnings of the Baltimore & Ohio for the month of
February, and notwithstanding expenses still show a
considerable increase, the statement this time records
a gain in both gross and net— 8239,363 in the former
and 848,330 in the latter. W e have also obtained the ap­
proximate figures of gross for March, showing 8184,199
ga:n. We give our complete compilation and review of
the net earnings of United States railroads for February
on another page to-day. For March the Hashville
Chattanooga & St. Louis reports gross of 8415,203,
against 8404,942, and net of 8132,078 against 8125,652; the Toledo Peoria & Western gross of *70,991
against 882,346, and net of 822,223 against 820,795,
and the West Virginia Central & Pittsburg gross of
897,607 against 8102,971, and net of 829,068 against
834,373.
Below we give a four-year comparison
for a number of roads which have this week furnished
returns for either February or March.
1397.
Name of Road—
t
415,204
Hash. Chat. & St. Louis...
132.078
Net
Pitts. Ctn. Chic. A St. L .... .Gross 1,138.213
185,770
Net
81.124
Pitts. Youngs. A Ash........
Net
20.612
70.991
Toledo Peoria A Western.. .Gross
Net
22.224
West Va. Cent. A Pitta .....Gross
97,607
29,068
Net

- March Earnings.---------------1895.
1894.
1898.
%
*
%
40°,320
404,943
394,872
163,356
158,192
125.652
1,175.225
1.238,709
1,210.284
307,520
116,135
87,857
71,75*
112,053
90.951
43,880
25,042
26,344
77.853
78.70
9
82,346
10.040
20,795
17.854
75,612
102,971
84.319
29,015
38,871
84,373

1895.
1894.
1896.
1897.
%
1
*
1
1,397,907
1,777,308
1,533,005
1,496,516
247,177
239,396
264,586
Net
287,726
116,648
118.005
121.368
116,027
Chicago A West Michigan..Gross
12,145
Net
21,73L
15,997
6,605
80,967
80,790
75.190
90,823
Detroit Gr. Rapids A West,..Gross
1.361
14,803
6,068
11,160
Net
1,200,717
1,099 458
1,170,831
Urand Trunk.....................
1,178,433
207,7<?5
188.275
152,967
148,071
Net
237,047
Lake Brie A Western........
238.617
261,811
201,611
100,820
Net
120,187
109,706
118,418
320,672
Mexlcan National..............
488,697
388.178
326.408
241,679
121,761
171,158
132.575
Net
51,029
Mexican Northern............. Gross
56.006
73,229
45,763
20.998
30,361
37,739
25.678
Net
43,496
Ohio River.......................... .Gross
56,486
61,559
40,774
15,214
11,270
21,467
10,588
Net
201,424
226.960
235 073
Oregon Improvement Co... .Gross
214,783
35,449
10,723
16,267
4,267
Net
239,040
283.682
Philadelphia A Erie........... .Gross 280,572
246.682
60,264
29,992
72.840
28,045
Net
1,279,617
1,444.842
Philadelphia A Reading....
1,473,827
1.350.800
473,073
524.079
540,733
021,512
Net
1,975,227
1,480,009
Coal A Iron Co................ .Gross 1.510,105
1,504,341
Net def.101,263 def.134.700 def.63.170 (lef.100.406
102,699
104,603
128,458
Pittsburg A Western .......
176.492
40.345
20,980
40,892
30.26ft
Net
Name of Road—
Baltimore A Ohio...............

730

THE CHRON1CLF.

Money on cull, representing bankora’ balances, has
CHsiu-ii this week ut 1J ami at 1] per cent; the latter
(1|) i< mi entirely new low record never quoted before
U . lr.t - daw the division of rate per coot into quarters
mover having been done until 1807; the average has
beesi aboiit 1l per vent. There is still some effort
among banks to maintain .2 per cent over the
counter. I ut very few transactions are made by them
ns that tic tire, and hank and trust company money
offered on the Stock Exchange loans at the rates there
current. There is very little demand for time con­
tracts. Those for short dates are not wanted, bor­
rowers preferring to rely upon the call loan branch
of tin market. Maturing loans are not renewed,
and few borrowers care to make engagements
f,»r six months for the reason that they would
fall due in October, when money is usually active,
ami Gup are inclined to wait until later before making
six mmi! iis or even longer contracts. Quotations for
money on good mixed Stock Exchange collateral are
2 per c e n t fur thirty days. 2A for sixty to ninety days,
3 for four to six and 3A per cent for seven to eight
mouths. Some very choice endorsed sixtv-day Eastern
paper has been sold during the week at
per cent,
bin this was an exceptional transaction and it must
not be accepted as indicating the condition of the
paper market. The business in paper is light. Bankers
report some sales every day of first-class,while ordinary
paper does not move freely. Quotations are 3-A per
cent for sixty to ninety-day endorsed bills receivable,
3$<U4i ,i,,r e n t for first-class and 4@5 per cent for
good four to six months single names.
New- early in the week of the invasion of Mace­
donia by a band of Greeks enrolled as members of the
“ Ethoiki- Hctairia” , or Greek National Society, had a
disturbing effect in Loudon and on the Continent, but
the excitement subsided when it appeared that these
insurgent;-! were not connected with the Greek army;
and therefore that, their operations were not likely
directly to lead to a declaration of war. The corres­
pondent of the London “Dally News,” writing from
Yolo, Thessaly, on Thursday, says that the entire
force of insurgents was driven from Kerasnia
Turks, and they thereupon retreated into
Greek territory under orders from the “ Efclmike
llciairi-i". whi<*!i regarded further bloodshed as use­
less u n le s s the Greek army supported the invaders.
The Bank of England minimum rate of discount re­
mains o ucbunged at. *4 per cent. Withdrawals of gold
for shipment to Japan have tended slightly to stiffen
the op.-,i market rate, and the cable reports discounts
of sixty to ninety-day bank bills in London 1-J- percent.
'The ut official rate at Paris is 2 per cent and at Berlin
and Frankfort it is 2| per cent. According to our
special .-able from London the Bank of England lost
<£1.t m .Tit. bullion during the week and held £30,397,M" at the close of the week. Our correspondent fur­
ther advises it-, that the loss was due to the import of
XOO.OOo from Australia, to shipments of £1,068,000
n“l to the interior of Great Britain and to exports of
£991.00 ). of which £81-1,000 went to Japan and
£177,000 to Austria.
Th< foreign exchange market b;ts been strong this
Week, influence 1 by a scarcity of all kinds of bills,
there being very few spot commercial drafts, while
those for future delivery are held at high prices; by
Uhe absorption of maturing sterling, though there are
offering-<>f these bills for May delivery; bv the ordi­
nary demand for remittance, some bankers reporting

JVol. LX1V.

also an inquiry to remit for imported goods, and by
the fact that money cannot be profitably employed in
this market, and therefore hankers are refraining
from drawing, while some are transferring their bal­
ances to London. The range for pasted rates on Mon­
day Was from 4 864 to 4 87 for sixty day and from 4 88
to 4 884 for sight,
Brown Bros., the Bank
of British North America, Heidelbach. Ickelheimer & Go. and the Merchants’ Bank of Can­
ada advancing their rates half a cent, while
Laaard Freres moved the long rate upward
half a cent.
The market was strong and rates
for actual business were advanced one quarter of a
cent, compared with those at the close on Friday of
last week, to 4 86@4 $8£ for long, 4 87£@4 874 for
short and 4 874@4 87J for cable transfers. There was
no further change until Wednesday, the market re­
maining firm and the range for posted rates continu­
ing as on Monday, though only two of the drawers
maintained the lower figures. On Wednesday rates for
actual business in short sterling and cable transfers
were advanced one quarter of a cent, to. 4 87£@4 87f
for the former and to 4 87f@4 88 for the latter, while
long sterling remained unchanged. On the following
day only one of the drawers posted the lower rates, but
there was no change in those for actual business,
though the tone was firm, Yesterday all the hankers
quoted 4 87 for sixty day and 4 884 for sight ;
in actual business an advance of one-quarter of a cent
was made in the sixty day rate. The following shows
daily posted rates for exchange by some' of the
leading drawers.
D A IL Y PO STED K A TE S T O R F O R E IO N E XCH A N G E.

Far., MON,.
T ubs ., WED., thtjr ., Far.,
Apr. 9. Apr. 12. Apr. 13. Apr. 14. Apr. 15. Apr. 10.
*ow n Bros.......{g g $ jj£ :
Baring,
160 days.
M&goun & Co.. ( Sight,,..
Sank British
5 60 days.
No. America.. \Sight...,
dank of
( 60 days.
Montreal
Sight....
Canadian Bank (60 days,
of Commerce.. { Sight-....
Heidelbach, Icte- i 60 days,
elhelmer & Co. (Sight....
■arard Freres...
Merchants’ Bk. $ 60 days,
of Canada,.— fSicrbf ...

w*

8S«
87
S6H

&

SBtf

ssk

«> «

Hi*

fs *
87
mA

s?.
&SH

T

8^4

8$

i *

I*

8 “

8 “

It!

it!

U*
87
88
87
38 ’•(?

87
fcSK

p
67
8St*

I

fs

8v

1*

aT

&

sot*
88

&

57
mx
87
BSH
87

%4

fu­
ss^
87
sen
87
88t*
87
835*

n*

87

KM

The market closed firm on Friday with posted rates
at 4 87 for sixty day and 4 884 for sight. Bates for
actual business were 4 86|@4 864 for long, 4 874@
4 87$ for short and 4 87f@4 88 for cable trans­
fers. Prime commercial hills were 4 85f@4 86 and
documentary 4 85@4 854- The Bureau of Statistics
at Washington has this week issued the statement
of the country's foreign trade for March, and we give
the figures below in our usual form.
F oreign t r a d e M ovem en t o p t h e U n ite d St a t e s .
In the following tables three ciphers (000) are la all cases omitted.

1896*7.---Exports,
ftlerch’ d is e . $
fnly-Sept..
2*1.450
333.781
Oct-Doc...
J a n u a r y .. ..

obruary....
March.........

93947

79.820
87,272

Excess.
t
*
152.434 4-99,018
159,490 +1SO.20L
51.351 +42,693
59.2J7 +20,683
7 (i,378 + 10,8 JO

*22,270 40S.88S 1+3*3.880
Total
G old —
-27.037
1*2,63(5
J 4iv-Sept...
—36.700
1,171
uct.-Dae...,
-165
057
372
.January....
-208
387
Vdhmary... .
6*6
—312
572
88*
March. ....
Total......
s ilv e r .
l niy-Sept...
Oct.-Dee... .
January....
February...
March.......
Total

-1895-6.-------------Imports.
Excm .

Imports.

17 l ,002
*69,0

078.3U

$

I

,413

-3 8.38 1

0 0 7,053

+70,591

37,958
31,415
10,56?
16,184
384

118$
6?8

4-35.103
+27.710
+199
-9 .3 ?5
-294

-64,49 2

sa.sos

*9.150

+53,840

3.667
3,307
1,057
1.412
1,854

+11,100
+11.802

15,088

79.183

t 6 .513
16,589
3,998
4.860
4,916

‘2,510
4.050
877
lio

+ 1,139

1 i.787
1 5,169
4.9-3
5.382
5,015

46,676

8.681

+37,095

45,210

m

H fl

+3,001

10,707 +31,41

TH E

APBm 17. 18B7.J

CH R O N LCLK

731

These incidents sufficiently explain the origin of the
new commission. They do not by any means, how­
July-Sept~.
ever, define what the commission is to do or explain
Oct.-Dec—
January—
what public uses it can serve. The commissioners are
February....
not named to investigate the problem and to frame a
March.........
-1.310
1,385
75
—8,170
2,414
244
plan, as would be the case with the currency commis­
Total.......
s i l v e r in Ore.
3.050
-2,980
64
—4,104
sion, also promised by the President. They do not go
’228
4,392
July-Sept...
3,959
—14,681
273
4,534
— 1.106
423
Oct.-Dec....
abroad to represent this Government at a formal in­
—1,349
1,434
85
—1.750
1.907
157
January —
-1.351
1,339
33
1,568 —1,502
00
February...
ternational conference; no such conference has been
-1 ,4 0 0
1.408
—1,495
68
1,519
24
March.........
invited. Indeed, the Brussels Conference of 1892, as­
11,300 -10.707
533
13,920 —13.017
903
Total.......
sembled for exactly such a purpose, stands at this mo­
■+■ Recess o f exports*
— Excess o f imports.
W e subjoin the totals for merchandise, gold and ment under mere adjournment, and nobody has sug­
silver, for the nine months since July 1 for six years. gested that it be re-convened. The three commission­
ers do not even represent the legislative branch of this
0ILVKK
M e r c h a n d is e .
S old.
country’s Government; their credentials come from
Nine.
Excess
Excess
Ex­
Ex­
Im­
rrn- 1*“ “ '
the
Executive alone, the Senate not having reserved
Mos. Exports.i Imports.
of
of
ports. port,. \0’
ports. ports.
Exports
! port
Exports
so much as the right of confirmation. Apparently,
t
>
t
3
t | •
i
i
then, the functions of the new commission are merely
9 6 -9 7 822.270 498.839 3*23332 1 5.332 81.994 *66.602 47.579 22,601 2 1,978
9*5-96 678.241 607.650 70.591 S2.583| 30.544 52,039 43,741* 22,097 23.652 those of special agents sent on a discretionary mission.
9 4 -9 5 623.017 535.529 87.518 61,825 23.917 3 7 83* 33,980 14.303[l9.677
The singular language of the act under which they are
9 3 9 4 709,328 4 ^ 0 871 2*2815- 14.582 65.287 •50.705 39.329 16.22lj23.lOS
9.851 69.900 1 7,652 52.254 31,323 18.88# 12.394 appointed, providing that the commission may “ pro­
9 2 - 9 3 653.390 613.738
9 1 9 2 819.731 6 10.318 2 0 9 3 8 3 21,090! 48.127 *26.337 25.330115.15’ 110184
mote” the cause of international bimetallism, shows
• Excess o f imports.
In the last table gold and silver in ore for 1893-94, how little this new undertaking resembles ordinary
1894-95, 1895-96 and 1896-97 are given under the and formal action by a government.
The three appointees are eminently respectable. Sen­
heads respectively of gold and silver; for the other
ator
Wolcott of Colorado represents the silver Republi­
years both are included in the merchandise figures.
The following statement gives the week’s movements cans of the West. Ex-Vice-President Stevenson stands
of money to and from the interior by the New York presumably for the Western silver Democrats. Gen­
eral Paine of Massachusetts is supposed, from his
banks.
social and educational connections, to represent the
Net Interior
Received by Shipped by
Week Ending April 16, 1897.
conservative Eastern school of international bimetal­
Y. V. Banks. N. Y. Banks.
Movement.
$4,973,000 $2,106,000 Gal u.$2,867,000 lism, of which the late President Francis A. Walker
628,000
484,000 Gain. 144.000
was the conspicuous leader. Mr. Wolcott and General
Total gold and legal tenders__ $5 001.000 $2,590,000 Gain.$3.011.00«
Paine are conservative in their general character, and
With the Sub-Treasury operations the result is as are both identified with the country’s larger interests.
follows.
The fact that Mr. Stevenson, despite his place in the
late
Administration, took the stump last fall in behalf
Out of
Into
Net Change in
Week Ending April 10, 1897.
Binks.
B nks.
B\nk Holdings.
of Bryan and Bryanism, and joined in denouncing the
Banks’ interior Kiovement,as above $5,601,000 $*2,590,000 Gain. 3,011,''(>0
“ sham” of international agreements, does not, we
8ub-Trea*mry operations................. 14,700,000 13,700,000 Gain. 1.000.000
fear,
speak well for his usefulness in his present ca­
Total gold and legal tenders...... $20,301,000 $10,290,000 Gain $4,011,000
pacity. A t all events, however, his recent political
Amount of bullion in principal European banks.
position adds to the personal respectability and dignity
April 15. 1807.
April 16. 1896.
of the commission.
Bank of
Silver.
Total.
Gold. I Silver.
Total. I Gild.
The novelty of this experiment makes it somewhat
£ 1 * 1
£
i
£
£
£
difficult to guess what is to be the commission’s course
England....... 80,397.818
1 80,897,313 47,443,810
47 413,810
of action. People with enterprises or policies to “ pro­
France....
| 76.582 ?68 48.840 349 125.382.207 77,9 H.070 40.743,137 127.648,119
Germany...... 28,249.023 14.552.527 42 801.650 2>«,785 8d0 14,857.200 44.613.000
mote ” must first have ready a plan for consideration;
Anst.-Hnng’y 31.276,000[12,603,000 43.879.000 26.2?0,<>00 12.751.00* 89,021.0. 0
Spain.......... 8.528.000 10,530. w 10,058, x- 8.004.'00 10,380.0 < 18.364.000 then they must journey about to the proper interests
Netherlands . 2.631.000 8.789.00C 9,420.000 2.623,00«» 6.937.0C C 9.560.ini
to present their plan and urge co-operation. Now, it
2.614,667 l 3 7,388 3.922, '*0
Nat. Belgium. 2.641.383 »,420,667 4,242 00
Tot .this week 186,450.027 94,741,543 281.800 670 104,010,28 i 96.9.5.070 290 621.953 so happens that even the friends of international bi­
Tot, prev. w’k 188,720.546 P5,2?l 17« 283 991.722 103.411,219 05.600.481 29J.O71.730
metallism have never yet agreed upon a plan. Among
the schemes, suggested by the advocates of such a
policy, in recent bimetallic conferences, were a return
THE BIMETALLIC COMMISSION.
to free silver coinage at the American ratio of 16 to 1;
On Monday of this week President McKinley an­ similar action at the French ratio of 15£ to 1; adoption
nounced the appointment of a commission on inter­ of an entirely new international ratio; and the guar­
national bimetallism. This action is taken as a re­ antee of each nation to enlarge its annual silver coin­
sponse, first, to the platform declaration of last June’s age in a specified proportion to its total currency. As
Republican Convention, that the party was opposed to a general rule, each delegate who proposed any one of
free silver coinage “ except by international agree­ these three plans of action flatly rejected all the others.
ment with the leading commercial nations of the The last of the foregoing propositions, endorsed in
world, which we pledge ourselves to promote” , and 1892 by Mr. Alfred de Rothschild, one of the English
second, to the President’s promise, in his inaugural delegates, was set forth as a possible ground of com­
address, that “ it will be my constant effort to secure promise by Great Britain. But the plan met very
[international bimetallism] by co-operation with the faint and qualified approval, even among the con­
other great commercial powers of the world.” As the tinental delegates, and was flatly disapproved by some.
recent session of Congress was drawing to a close, an
Which of these three plans, or what other plan, is
act was passed authorizing a commission “ for the pro­ the new American commission to “ promote” ? If it
motion of an international agreement for bimetallism.” announces formal adherence to no expedient, what can
Exports.
*
58
06
71
13
3

Imports.
*
582
010
387
230
549

Excess.
*
—524
-514
—316
-270
—540

Exports.
8
8
37
5
7
18

Imports.
Excess.
S
s
475
552
—515
179 . —174
-9 3
100
79
—61

7H 2

THE CHRONLCLE.

VOL. L X I V .

it |h -■!. s accomplish? To draw out general assur- foreign governments to inspire them even to meet
.m
of what might be conceded if every State agreed again at the appointed date. This very Brussels con­
j.iiiu- imposed conditions would be an achievement ference stands to-day adjourned constructively to a
neither new m»r valuable. Friendly assurances are easy future date.
This chapter of negotiations so much resembles an
whri, 5;i.i>.>ih >< ••uimnitted. senator Wolcott has
3lfi. s tv vi-ste.1 the English authorities, since the elec­ international rebuff that it would hardly seem to be
tion .if N.ivember and with indefinite authority from the place of the United States, under any eireuinMr. McKinley. He was handsomely entertained at stances. to petition for re-opening of the question.
the table- of the leading bimetallists, was encouraged But this is not the situation's only curious feature.
by them to continue in his mission, and was assured of The conference of 1878 suggested that while no nation
their eo-oiteration. In all this there was nothing tan- was likely to abandon the single for the double standc.hc-; indeed, it is hard to see why quite as much could anl. it was not probable, on the other hand, that bi­
not have been accomplished by a friendly correspon­ metal lie States would reject their present system. Yet
dence through the mails. It was well enough known, since that time the movement has been altogether
before Mr. Wolcott > visit, and before the naming away from the double standard. Germany and the
of the present commission, what was the personal dis­ Latin Union had already joined the ranks of restricted
position -d such bimetallists as Mr. Balfour, Sir Henry silver-coinage States. But in 1892 Austria adopts the
Chaplin and Mr. David Barbour. The real question single gold standard; in 1893 the United States itself
was whether the influence of these gentlemen was abandons compulsory silver purchases. In the same
sufficient- to incline the ministry and Parliament to year India suspends free silver coinage. Russia in 1896
such negotiations. This question has been answered begins its preparations for a gold standard of currency
positively t wice : once by the refusal of the Brussels and Chili resumes in gold on bank note issues, with
delegates to entertain even the Rothschild plan, and pledge of gold redemption for State notes in the ensu­
again within a year by the flat and scornful answer of ing year. Already in 1897 .Japan has started prepara­
the present Chancellor of the British Exchequer to tions to join the gold standard communities ; this very
the inquiry whether a bimetallic standard would be week a telegram from Lima reports a similar decision
considered. One such public answer by the spokes­ for Peru. In short, while the United States has con­
man of the Ministry is worth a hundred private assur­ tinued urging a return by other nations to the double
ances such as Senator Wolcott quotes, and the prin­ standard, every State of any consequence in modern
ciple applies as well to Prance and Germany as to commerce and civilization has quietly passed by, re­
jecting our proposition by the action which in such a
England.
This being the situation, we cannot see how Mr. case speaks more emphatically a thousand times than
Wolcott. General Paine and Mr. Stevenson can do in words.
In 1892 our delegates asked Germany and Great
concert anything more than Mr. Wolcott did alone this
winter. They will obtain the same friendly assurances Britain to join what was conceived to be a group of
of support from the bimetallists, the same polite ex­ willing Powers. In 1897 we can point to only Mexico,
cuses from the Ministers. They can learn nothing as China and the minor States of South America as the
to the actual situation which is not known to-day; communities whose present practice we can suggest
they can give no information which the foreign author­ for imitation. Our argument for the change of policy
ities do not now possess ; they cannot even promise will doubtless be again the evil results which we are
anything which the United States has not already confident will overtake the world’s commercial States
promised. In fact, we are able to imagine only two if they persist in present methods. But we are plainly
possible results from the appointment in this way of endeavoring to convince these States that they
this commission. It may involve simply a pleasant are suffering from evils which as States they re­
summer visit, among interesting people, by three con­ fuse, and have steadfastly refused, to recognize.
genial gentlemen. Or it may mean that the Adminis­ They inform us courteously that they are satisfied
tration sends three eminent delegates abroad to solicit with their existing system and that they have nopersonally that the foreign governments change their wish to change. Four times they have refused the
minds.
formal petition of our delegates that such a change be
Let us consider what this second alternative would made. The very nations on whose moral support we
involve. In 1878 the United States invited the foreign lately counted have in the face of our petition cast
governments to a conference at Paris, to pronounce their lot with the single-standard nations. Yet we
on this explicit proposition: “ That unrestricted coin­ renew the same request with each incoming Admin­
age of silver and its use as money of unlimited legal istration. The appeal is necessarily received with due
tender should he retained wherever they exist, and, as respect and deference ; nevertheless, these foreign
far as practicable, restored where they have ceased to States are quite as well aware as we that the United
wrist.” The convention discussed the question most States produces upwards of one-fourth the silver out­
exhaustively, and at the end politely declined to vote. put of the world, and that, occupying such position,
In 1881 the United States, jointly with France, sum­ we have an interest in silver’s rehabilitation quite
moned another Paris conference. At this convention apart from general economic benefits. All these facts
England and Germany rejected the proposition of the considered, is it not possible that our government, in
United States, the United States rejected the propo­ its successive applications to its fellow States, may
sition of the other delegates, and adjournment was presently come to be regarded, not as a disinterested
taken with nothing at all accomplished. During 1889 friend of currency reconstruction but as a chronic
a third conference, even more barren of results, was bore?
held at Paris. In 1892 the United States again urged
So it has seemed at all events to us, and for this rea­
a convention on bimetallism; the delegates assembled, son, if for no other, we regret that it should be thought
discussed and adjourned to 189?, In 1893 there was necessary to resume these perennial petitions to onr
not enough real interest in the question among the neighbors. It might have been remembered that tho-

A p r il 17, 1897, J

THE CHRONICLE.

733

The annual report of the Burlington & Quincy this
time makes a much bulkier pamphlet than heretofore.
It contains a number of new features, adding greatly
to its usefulness, and the form of the report also has
been altered in a number of particulars. Quite a good
many pages are devoted to a description of the char­
acter and lien of the various mortgages, the company
in this having following very closely the general
method of analysis employed by us in our study of
these mortgages as contained in the October issue
last year of our I n v e s t o r s ’ S u p p l e m e n t . On the
whole the report furnishes a fuller and clearer presenta­
tion of the affairs of the company than any previous
annual document.
A striking feature with the Quincy is the unchanged
personnel of the directory which has been maintained
so long. In giving a list of the directors this time,
the date of the first election of each member is also
indicated. Mr. John M. Forbes, the Chairman of the
board, was first elected a director in 1857— forty years
ago. Mr. John N . A. Griswold of this city has been a
member of the board for 24 years, having been elected
in 1873. Mr. Charles J. Paine, who has just been ap­
pointed by President McKinley as one of the Inter­
national Monetary Commissioners, and Mr. Charles E.
Perkins, the President of the road, have both been on
the Quincy board for twenty-two years. Mr. T. Jefferson
Coolidge has served for twenty-one years. Mr. John L.
Gardner for nineteen years and Mr. William Endicott,
Jr., for seventeen years. Thus the records of seven of
the eleven members of the board show terms of ser­
vice running from seventeen to forty years. Of the
other four members, Mr. Francis W . Hunnowell has
acted in the capacity of director for eleven years,
ex-Secretary of the S;ate Olney for eight years, Mr.
Edward W . Hooper for seven years and Mr. James H.
Smith for five years.

In the late year many of the conditions seemed to
promise very decided improvement, so that at the
year’s start nearly every one looked for a quite favororable outcome. The crop situation particularly seemed
to encourage hopeful views. The Quincy is the largest
corn-carrying road in the country, and while the
harvest of 1894 (furnishing traffic for 1895) had
been very deficient, that of 1895 was exception­
ally abundant, thus seemingly offering assurance
of a very large tonnage in grain for 1896.
As
it happened, too, this was followed by an equally
abundant harvest in 1896. In the five States of Illino’ «, Iowa, Nebraska, Missouri and Kansas, from
winch the Quincy derives such a large proportion of
its traffic, the corn crop aggregated in 1895 1,122 mil­
lion bushels and in 1896 1,329 million bushels, making
for the two years together the extraordinary total of
2,451 million bushels. What such phenomenal crops
would signify under ordinary circumstances must be
obvious to any one who has a proper appreciation of
the part played by the crops in the affairs of Western
roads.
Unfortunately the benefit expected from this source
was only in part realized. The price of corn in the
markets ruled so low that there ivas little inducement
for the farmers to send it forward, so that instead of
the full and free movement which had been looked for,
shipments were restricted, though of course being con­
siderably in excess of the very small totals of the pre­
vious year. A t the same time there came, as the
reader knows, a renewal of very serious depression in
the trade and industries of the whole country. A t the
beginning of 1896 there was still considerable activity
in business circles as the result of the revival in trade
which had begun in 1895. But as the year progressed,
with the declaration of the Democratic Party for free
silver, the nomination of Bryan, and the continued
prosecution of the silver campaign, the situation grew
steadily worse, and the latter part of the year (before
the election) operations in certain branches of trade
came almost to a standstill.
The effect on the Quincy, as on other roads, was to
deprive the system of that volume of merchandise
and general miscellaneous freight which is the neces­
sary concomitant of business prosperity. Then also
the
passenger traffic and passenger revenues de­
clined. A t the same time, with trade stagnant and
the future involved in doubt, a recovery in the value
of agricultural products was out of the question. The
price of wheat, it is true, did advance, but this was
owing to a crop shortage in nearly all the leading pro­
ducing countries of the world; and the advantage here
was offset by the fact that in the spring-wheat sections
of the Northwest the wheat yield of 1896 fell mate­
rially below the exceptionally heavy yield of 1895.
Under the circumstances the fact that the road is
able to report an increase of $518,185 in gross earnings

Just now this long record of the directors possesses
special importance. It shows that the affairs of the
property are being administered bv men of ripe knowl­
edge and experience, whose judgment and discretion
oughtto count for much in trying times like the present.
Probably the oldest man on the board has never wit­
nessed a period quite so bad for the railroads as that
through which the roads have been obliged to pass
during the last three or four years. For the Quincy,
as will be remembered, paid large dividends during
the whole of the period of depression following the
panic of 1873.

and of $353,375 in net earnings, as compared with the
year preceding, must be regarded as satisfactory. The
final result of course is not as favorable as could be
wished. The report shows a deficit for the twelve months
in the amount needed to meet the 4 per cent dividends
paid of $813,641. But we are dealing with the opera­
tions of a system of large magnitude, and in a com­
parative sense the deficit is not as large as it seems.
It is not quite equal to one per cent on the company’s
stock— that is one per cent on the stock calls for
$820,028, while the year’s deficit is $813,641. The in­
come statement shows that $2,466,470 was actually

“ promoter ” of a cause, even when convinced that he
is right, can go with dignity, in his efforts to convince
his fellows, only a certain distance. If they reject his
reasoning with polite indifference, it is possible that
all will suffer. But the responsibility will be clearly
placed, and if the petitioner’s argument is sound, the
consequences will eventually teach the lesson for them­
selves. But if a long-continued series of rebuffs serves
onlv as an inspiration to renewed appeals, the situation
very soon becomes undignified and ridiculous. The
outcome of persistency like this, in the case of private
individuals, is that the applicant will at last be un­
ceremoniously shown the door. ‘A government is more
formal and diplomatic in its action; it is the states­
man’s art to veil such curt dismissals in a banquet or
a State reception. But the practical situation, at the
end, will b i in either case the same.

THE BURLINGTON & QUINCY REPORT.

784

THE

CHRONICLE.

earned for the stock, while the 4 per cent dividends
paid lor the twelve months called lor *3,580,111. In
brief, the property in a year of great depression in
nude earned 3 per cent for the stockholders.

fVOL, LXIV.

annum if the several issues should be refunded into a
new issue bearing only 34 per cent interest, Actually
the reduction would be much larger than this. In the
ease of the sinking fund 5s of 1901 we have allowed
a possible saving of only $34,785 per annum. But these
bonds are secured by a deposit of 12,500,000 of St.
Louis Rock Island & Chicago 7 per cent bonds, and
the Quincy is paying 7 per cent on this $2,500,000
(amounting to $175,000) instead of only 5 per cent
on $2,815,000, the dilference going into the sink­
ing fund.
Moreover, this sinking fund contains
$1,055,400 (par value) of securities with which to
take up the $2,315,000 *of bonds outstanding, leaving
roughly, say, only 1700,000 to be provided for by re­
funding, or in other ways. At 3| per cent the interest
on this $700,000 would be only $24,500 per annum,
where now, as we have seen, the Quincy is paying
$175,000 per year. The saving then with the present
sinking fund payment taken into consideration would
be in round figures 8150,000 per year instead of only
$34,725 as per the above table.
It follows that the total saving on the several issues
enumerated would be nearer 14 million dollars than the
81,372,863 given. Of course in a refunding scheme to
be carried out now, a part of this would be lost through
the compensation that would have to be allowed to the
holders of the old bonds for the premium on the same.
But assume a saving of only 1J- million dollars per year,
and we have an amount equal to 14 per cent on the
stock.

It deserves to be mentioned, too, that this is the re­
sult according to strict methods of accounting. The
accounts- this time include all the lines owned or oontr.di.-d, not excepting the Chicago Burlington & North­
ern. This latter has never previously been incorporated
in the reports. Its inclusion in 1896 must have swelled
tin- it,-licit in the sum of between #300,000 and $400,000, At least we judge so from the fact that in the
back part of the report there is an income statement
prepared on the old basis, and this shows a deficit of
only *434,300.
Another fact deserves not to be overlooked. We
nave directed attention to it on previous occasions.
Th,- Quim-t makes very large annual contributions to
its various sinking funds, and these are all deducted
before calculating the amounts remaining for the
.-tuck. The amount directly paid from earnings on
sinking fund account in 1890 was $777,784; but be­
sides this the accumulation of interest on bonds held
in the funds added *478.154 more to the amount,
making a total appropriation on behalf of the funds
for the twelve months of *1,255,938. The situation,
then, is this: The income accounts show a deficiency
for the year (on dividends of 4 per cent paid) of $813,041, equal to 1 per cent on the stock; but this is after
allowing for $1,355,938 paid in reduction of the prin­
cipal of the bonded debt, such allowance being equal
A N IM P O R T A N T P O IN T I N P A T E N T L A W
to over 14 per cent on the stock,
A N D IT S B E A R IN G ■ O N M A N U F A C ­
In 1895. according to the report for that year, the
T U R IN G IN D U S T R IE S *
deficit for the twelve months was only 8232,362, which
M a n c h e s t e r , April 7 th .
may seem strange, in view of the fact that we have
A movement has been set on foot in Manchester,
noted above an increase of $353,375 in net earnings
in 1896 over 1895. One reason for the apparent dis­ and is influentially supported in other parts of the
crepancy is found in the fact that in last year’s ac­ United Kingdom, for the purpose of removing a de­
count (the report being on the old basis) the deficiency fect in British Patent Law of great consequence to
in the operation of the Chicago Burlington & North­ some of its leading industries, and not without in­
ern. amounting to *350,710, was not taken into con­ structive interest to the manufacturing community of
sideration. Another reason is that in that year the the United States. When the Patents, Designs and
company had an exceptional item of miscellaneous in­ Trade Marks Act was passed in 1883, a. section of it
come. derived from an extra dividend to amount of (Sec. 22) was especially designed to secure an adequate
$190,188 paid by the Hannibal & St. .Joseph Railroad supply of the product of a patented invention, either
Company.
by the patentee himself or by others to whom he may
As plans for refunding high-rafco bonds maturing in have granted licenses. The principle of the section
•future with new bonds bearing a much lower was entirely new to English Patent Law, although it
rate of in t e r e s t are now becoming such important fac­ had been embodied in a very stringent fashion in the
tors jo the operations of our railroads—a refunding French law of 1844, in that of Germany adopted in
--heme f-.r the Now York Central having this week 1877, and is now embodied in the statutes of several
been added to the previously announced scheme of the other countries. No such provision exists in the pat­
Lake Shore—it is proper to say that the Quincy pos- ent legislation of the United States unless it has been
quite as good opportunity for a saving in this adopted since 1889.
It was thought for some time after the English A ct
way a my other prominent road. We reproduce from
ti» ;-»ue of the C hronicle of March 13, where we of 1883 was passed that the requirements of manufac­
gave a li,t of high-rate interest-bearing bonds matur­ turers and of the public with reference to the work­
ing up to 1906, the following statement regarding the ing of patents and the granting of licenses had been
fully met. Strange to say, however, experience has
sittmlion of the Quincy in this particular.
H
onda,
—
.5
'avion
if
refunded■
Pat­
Inti- r When Principal. At 4 )n:r cl. AlZHp.Cl. shown that Section 22 is absolutely inoperative.
f*t.
due.
if
$
*,
ents
l
iv
e
been
granted
in
England
to
foreign
pat­
Chic. Burl, it Quincy—
ron*»I- mort .. . ___ 7
1003
2S.02-1.000 8(17,720 1,012.3.10 entees who have neither worked their inventions in
sinking fund bond*..
1001
23.150
34,725
Chic.A la.ilH*. coll. ir. 6 1005 2.316.000
2.320.000
23,200
34.800 the country nor granted licenses, and they have man­
c o n cert. dolwroturc*. r»
1003
15.283.000
152,830
228,053
Otla-wai f
aged for years to maintain an excessive and to them
11 l*t M . ....... 8
moo
1.070.000
13.010
48.1
C. 8. ANor. equip. M. 5 1003
008.000
highly profitable monopoly in a market which has in
0,0*0
13.1
many cases taken off larger supplies of their produc­
AO,808.000 1.118.820 1,372,80
l! will lie seen that the corn puny has altogether ore tion than any other; in some cases probably more than
f ft v million dollars of bonds maturing before the end o all other markets together. Yet it is a fact, that the
1905, and that wo figure a saving of $1,372,863 pe
* Com m unicated by our special correspondent at M anchester.

A p r il 17 1897.J

THE CHROMCLE.

Board of Trade has not once exercised its supposed
compulsory powers, mainly, it is believed, because of
the vague wording of the section. The consequences
of the defective and nugatory character of this part of
the act have been most injurious, not to say disastrous,
in respect of certain British industries, and at length
a determined effort to amend it has been started.
The provocative of this effort appears to have been
supplied by the recent discussions upon the assumed
growing superiority of German industry, particularly in
the manufacture of chemicals. It has, for a while past,
been known to a few that the great prosperity of the
German chemical industry has rested largely upon the
clever manner in which those engaged in it have man­
aged to profit by the laxity of the British Patent Law—
not alone in respect of Section 22— in securing the mo­
nopoly of the English market for their productions.
They have obtained patents in England, many of which
were denied to them in Germany, or if granted were
subsequently revoked, for coal tar, and other dye­
stuffs, as well as for pharmaceutical and cognate pro­
ductions, charging for them prices sometimes 50 to 100
per cent higher than those at which the same com­
modities were being sold in Germany at the same time.
A familiar example of this kind is the article antipyrine, for which German manufacturers have held
British patents for years, and yet it has never been
manufactured in the United Kingdom, although appli­
cations for licenses have been made to the patentees by
English producers of chemicals.
The defects of Section 22 arise, as already inti­
mated, from the vagueness of the language defining
the conditions under which compulsory licenses may be
ordered. The section is short and is worth quoting.
It ru n s: “ If on the petition of any person inter­
ested it is proved to the Board of Trade that, by
reason of the default of a patentee to grant licenses
on reasonable terms ( a ) the patent is not being worked
in the United K ingd om ; or ( b ) that the reasonable
requirements of the public with respect to the inven­
tion cannot be supplied; or ( c ) that any person is
prevented from working or using to the best advan­
tage an invention of which he is possessed, the Board
may order the patentee to grant licenses on such
terms as to the amount of royalties, security for pay­
ment, or otherwise, as the Board, having regard to
the nature of the invention and the circumstances of
the case, may deem just, and any such order may be
enforced by mandamus.”
The want of precision in this part of the Act is most
conspicuous in three words. First, there is the “ de­
fault” of the patentee to grant licenses. Now “ de­
fault” is interpreted by the Board of Trade to mean
“ refusal.” This construction is perfectly well known
to the German patentees, and upon application being
made to them they are always careful to avoid down­
right refusal. Some interesting correspondence now
before the writer shows the various ingenious ways by
which requests for licenses are evaded. Questions are
asked as to the purposes for which the product is to
be used, or whether the applicant will observe certain
conditions, including that of permitting the inspection
of his books, and so forth. The answer returned in
other cases is that the patent is being worked, or is
about to be worked in the United Kingdom. But no
reply is vouchsafed when the applicant desires to know
in what place the working is being carried on, or is to be
carried on. This kind of evasion is made possible by the
second primary defect of the section. No definite

735

time is named within which the “ working'” of the
patented invention in the country must be brought
about. In France a patentee is deprived of his patent
rights if he has not actually worked his invention in
the country within two years, or if he has for two
consecutive years ceased to work it. In Germany a
patent is revoked if its proprietor has failed to work
it in the country, “ to an adequate extent” , or to do
everything that is necessary to ensure its being
worked within three years. A third defect in the
English A ct is that it does not define the scale upon
which the patented invention is to be worked, and it
is possible for a patentee to frustrate the evident
purpose of the law by a mere pretense to carry on
within the Kingdom the process which is the subject
of his patent.
It will perhaps be thought that a test case might be
brought before the Board of Trade of sufficient weight
and force, to induce an exemplary decision against the
pretensions of patent holders who convert exclusive
legal rights conferred on the ground of public policy
(but intended to be limited) into a rigid monopoly
hurtful to the interests of the people and their indus­
tries. But the fact is that the rules of the Board with
reference to the petition and mode of procedure, in
such a case, involve what is practically an exceedingly
expensive law suit. Moreover, English manufacturers
who have contemplated taking this course, assert that
they have discovered that the German patentees have
permanently retained all the patent lawyers in the
first rank and all the most skilled experts who could
act as effective witnesses. As if in despair of doing
any good with the law as it now stands, they have de­
termined to invoke the aid of the Government for the
purpose of passing a short amending act dealing only
with Section 22. Several other defects in the existing
patent law require the attention of the Legislature,
but in the present congested state of parliamentary
business, it is extremely unlikely that a comprehensive
measure of reform could be carried within a reasonable
period.
Probably, too, a prolonged official inquiry, either
by a Royal Commission or by a Select Committee of
the House of Commons, would be required as a pre­
liminary of legislation affecting the whole Act. The
request for a short Government bill to amend Section
22 is to be immediately presented to the President of
the Board of Trade— Mr. Ritchie— and the deputation
to him for this purpose will embrace representatives of
several important Chambers of Commerce, headed* by
that of Manchester, as well as of one or two engineer­
ing associations, and societies connected with the calico
printing, dyeing, bleaching and chemical industries.
If the appeal of the deputation should be successful,
there can be little doubt that important industrial re­
sults will follow before long. The supply of several
valuable commodities used as manufacturing raw ma­
terials or accessories will be greatly increased, and the
prices of them will be appreciably reduced wherever
they are now artificially heightened by a stringent mo­
nopoly.
R A IL R O A D

N E T E A R N IN G S F O R
FEBRUARY
The earnings, gross and net, of United States rail­
roads are beginning to afford evidence of improvement.
The improvement is by no means general as yet, and
many roads and sections form exceptions to the rule.
Nevertheless the tendency seems to be in the direction

736*

THE

CHRONICLE.

ndseated, and doubtless steady, even if slow, progress
towards a !>■>:;or state of things can henceforth be
counted on—unless, in d ee d , fu rth er unlooked for aotb»<;ks should intervene.
in the case of the not, improvement, is being brought
H' m ult of eon tractions in the exabout largely as th
'hi~ is in one sense an unfavorable
pease su-ennnts.
feature, as it means diminished amounts spent for
and supplies— nrcnmstanoes which must neeessanlv - ;t ■ unfavorably on general trade. Bat even
the r-ut is of gross earnings are becoming much more
eac tracing. We have compiled this week our state­
ment of gross and net for February, and the total of
the gross actually is a little bettor than the total for
the corresponding month of last year. The following
is a mi mm try of the figures. It will be seen that there
is a trifling gain {$(5,141) in the gross, and an increase
of $t,887,hkti. or 9*85 per cent, in the net.
February,

J tnxtary 1 to February 28
(130 roads.'

(CU read*.)

itm.
I

I897.

$

Jin . or Dec.

I

1896

1807.

tnc or Dec

J

*

~T

a r * » « * m V 51/8.287 51,779,151]
+6 114j 103327,034 112.077,07a -3,119,424
OSMir.exp../ 8+877253 tO,2S&189j -1*880,936 j 78,116,770 81,758,717 •3,641,947
Net

15.90* A|+ 1

.1 4047,090* 3n.510.88»

30.318,301 +i9 yga

What gives to the increase particular significance is
that it has been established notwithstanding that the
month the present year contained only 38 days, while
last year it contained 30 days, and notwithstanding
that in the spring-wheat districts of the Northwest
there were important losses in earnings as a re­
sult of the contraction in the movement of wheat.
Fur therm ire. we arc comparing with a month
lad year that had shown a very marked recovery in
b >th gross and net—the gain then having been 8 4 , 0 4 9 , 4A<*. o r '.K b? p e r cent, in the gross, and $ 3 , 0 1 9 , 6 8 3 , or
17-9? per cent, in the net. Moreover, when the compiris'in b extended further back, it is found that even
in is m th
had been smdl increases, so that the
present is th •third successive February when the ag1 • ; •enlarged gross and net. Below
we show the figures back to 1893.
Gross Earning#.

Tm r and {

n%mtm
Year
a* roads. : Gitmt.
T - b r a try .

1882 (138 i

9

Net Earninys.

Year
Year
Increase or
Preceding. Decrease. | Given.

Tear
Increase or
Preceding. Decrease.

9
*
9
f
50,8*1,1:5 d-7.3dl.iSL 16,429,889 13.640,828 +2.788,581

1883 U34 ! UfiTA.m 56.931,471 -2,092 030 11,115.141 18.012,550 -2,797,40,)
1884 (131) i3.a05.5J4?
1S»S life) 4+438 492
<*.957.109
54,785,2*7

Jan* i

52.770,158 -8,831,102, 11.168.407 13.343.747 -2,151,310
45.658,179
+78 3,313j 11,804,021 11.683.371 +181,330
<1.814,8T« + 1,019,130 13,253,606 11,233,972 +8,019,333
61.779,153
+0,141 15,908,044 11,520.964 +1,387,C$9

T th . 24.

tmt atCil

111 80+31- 10&.970,«50 +9,017,867 30,891/9
111,713.517 113.119. HI -1,105.614 27,735,083
10J, 172,03*>-1+000.25
22.005.842
ftf.4M7.9M 94.7 «.**e +1,006,6 20 25,249,700
+3.376,2.15 28.128,753
Y-HtnAW tI2.A-.073
30,510 881

8S.88 >,8 ■«
31,935,838
25,92+331
21,040,819
33.OT9.8U0
30.818.381

+3,030,8S8
-4,199,84 ?
—3,260,189
+1,213,031
+4,158,911
+192.523

\* the result of the disposition to economize in the
f q>"!s- - a ■■. iota, there are a good many roads which,
though having large losses in gross, are able to report
improved net. The Pennsylvania, with 4343,600 de• -a -.' in
(Eutern an 1 WeUorn lines combined),
. net : i he Mil wank< & Si.
lb*u!. while having suffered a loss of $185,940 in
gro e, h $ 1.3,8J0 gain in not : the Norfolk & Western,
with $138. HO decrease in the gross, has only $35,706
decrease in the net, &<;. An example of the opposito
tmd is furnished in the case of the Atchison, which,
v A only $16,051 decrease in gross, has $127,873 deen ase in net. But large losses in the net are very
few. The only others of any considerable amount be­
sides that of the Atchison are the Southern Pacific

[Von, LX1V.

with $184,818 decrease, the Louisville & Nashville
with $49,881 decrease and the Summit Branch and
Lykens Valley with $32,027 decrease. On the other
hand the gains for large amounts in the net
are quite numerous— much more numerous than
in the case of the gross. In addition to the increases
in net already enumerated, the Burlington <& Qnincy
has $308,509 increase (in the gross the increase is only
$201,046); the Lehigh Valley $333.150 increase (in
gross only $171,310); the Beading $130,965 increase,
the Northern Central $118,749. the Mexican Centra
$113,931, the Union Pacific $103,957, &c. It is note­
worthy that the Baltimore & Ohio this time has a
gain in both gross and net— $239,363 in the former
$48,330 in the latter. The following is a list of al
changes in gross and net in excess of $30,000.
PiJIXCIPAL OH lXORS IS G R O S S R.VBSilWS r.v F E B R U A R Y .
I n e r c iin o s .
D ecreases.
B ill. A Obi i ................... $219,363 Peungylvaniit .......... . $3 13,6 00
M ex ica n Cent m I.............
230,-196 Southern Pacifla............
£85,3 85
Chic. Burl & Q u in cy...
201,046 Chic. Mil. & St Paul,___
185,940
138,410
1 S4.4S4 N orfolk A W e ste rn ___
Union I’ actfle................
Leh.V.RR and L.V.Coal
171,316 Denver & B io G rande..
78.530
PM1 * Bead, and O.A I
129,675 W abash............................
63,411
N' rthorn ■ e n t r .il____
105,953 Canadian Pttolfie...........
53,162
100,519 Louisville A Nashville.
M exican N a t io n a l.......
48.742
Southern R ailw ay........
61.318 Central o f G eorgia. ..
45.037
G eorgia & A labam a___
39,140 Burl. Ced. Raps. & No.
40.937
t o s a Central....... ..........
38,183
Total (represent’^
16 roads.)..............$1,462,830
Total (representing
20 road s)................ $1,321 ,337
i Covers lines d irectly op ’ rated east and w *=tof Pittsburg: the g r o s s
on Eastern lines deoransod $159,800 and on Western lines $193,800.
PRISCtP.U, CHANGES is N E T earnings i s F E B R U A R Y .
T iic r o a a e s .
In crea se*.
Chic. Burl. & Q lin e v ... $308,509 Un. Pae. Denv. A G ull.
$44,237
Leii V .R R .andL .V .C oal
38,126
223,151 K. C Ft. S cott * Memp.
Pennsylvania!.
190,800 Central o f N„ J ..............
37,277
130,965
Phil.A Read and 0. A I ..
119.749
Northern Central.
T otal (representing
113.031
M exican Central............
27 road -) ............. $1,709,909
Union Pacific.................
102,987
D ecreases.
Southern R ailw ay.........
75,149 Southern P acific .......... $184,818
Mexican National .......
70,521 Atoll Top * 8 . F a ........
127,373
Illinois Central..............
55,169 L ouisville & Naghv ..
49,881
Grand Trunk. ..............
54.818 Summit IS.-. A Ly V a l...
32,027
Canadian P acific..........
51,091
Balt. & Ohio...................
48,330
T ot U (representing
Chic. Mil. & Sr. P a u l...
45,830
10 roads).. ... . . . $394,599
t Covers lines directly operated east and west o f Pittshu g; the net
on Eastern lines increased $170,300 and on Western lines $2 /,5 10.

When arranged in groups the feature of the exhibit
is the very satisfactory comparisons furnished by the
Anthracite Coal group. Last year this group did very
poorly. It is evidence that the situation is much better
that now the same group shows $344,540, or about 5
per cent, gain in the gross earnings, and $386,398, or
over 34 per cent, in the net earnings. Moreover all but
two or three minor roads share in the improvement.
The Eastern and Middle group also has a very large
ratio of gain in net—35-47 per cent. In this case, too,
the improvement is quite general, there being only
one road that forms an exception to the rule. In the
trunk line group the ratio of increase in net is but
10-31 per cent, but, as in the other case, there is only
one exception to the rule.
SU M M ARY BY GROUPS.

SECTION OB
GROUP.

Gross Earnings.
1808,

1897.

February.
9
*
Trunk itnes..(13 14,735.714 14,855,888
7,153,415
Aathra. coal.i9>
6,803,07:
2.162 017 2.' 68+57
Blast. A Mid. (12
Mid. West'n.ClO) 3,153,130 3,193,833
Northwest’ll. (9) 6,092.530 6,137,35?
Southwest’n.dl) 4,186.809 4,286,48
Pacific Coast (20) 6.180,488 8.437,249
Southern .,.(34
7,307, 00 7,457,871
1,482,811
Mexican....... (4) 1,809,15
Tot.. (131 r’ds) E4.78;,29
Jan. 1 to Feb. 28
Trunk lln.cs/18 >
Anthra. coai ( 9)
Kast.A Mid.(Hi
Mid. Wost’R.(l»
Northwcst’n* 9)
Southwestern
Pacific 0oast(20)
Southern.... (34)
Mexican......(4>

29,921,01?
14 072,687
2,808.171'
8,F 8,080
11,691 105
8,440,33-18,320,091
15,019,232
3,047,319

54,779,153

1896,
9
3,420,146
1.132,409
481.277
893,87?
2,128,181
1,215,887
2,447,502
2,226,460
536,165

Inc. or Dec
t
+353,148
+386,398
+170,701
+77.978
+338 639
-—81*049
—70,004
441,685
+ 169,284

P .0
10*31
34*12
35*47
8*72
15 91
0 50
2 88
1*87
31*57

15,908,014 11,520,9:4 + U 87,080

9*55

»
3,782,594
1,518,807
651,978
971,855
2,466,820
1,161,838
2,377.558
2,268,14'705,449

30,913,997
7*830,546
14,690,040
2.69«J,90i
2,771,0 f2
838.S8I
fl/27;137
2.030,822
12 141,474 . 4,524,680
0,0.1,815
2,243,0217,032.573
4,655,73]
15,536,864
1,?0.»,2D
1,417,501
3,039,48

Tot.. (130 r’ds) 108,627,654 112,077,078

!

Net Burning*.
1897.

7,148,376
2,008,682
006,155
1,937,105
4,172.878
2,721,8 9
4,90,“,11?
4,761,061
1,153,99ft

80.510.884 30,318,361

+152,187 2’55
—2-1,692 7*28
+238,22) 33*48
+93 02? 1*83
+855.802 8*62
—470,878 17*53
-252.396 6 14
4 8.1"3 0*17
+263.S08 32*83
+108,523

0*68

TBE CHRONICLE,

A p b i l 17, 1897 .J
The follow in g is a list
foregoing ta b le :
Trunk Lines.
Baltimore A Ohio.
Cler. Cin. Chic, a St. L.
Peoria A Eastern.
Erie.
Grand Trunk.
Chic. A Gd. Trunk.
Det. Gd. Har. A Mil.
Pennsylv, East o f P. A E.
West of Pltt9. A Erie.*
Philadelphia A Erie.
Pittsb. Cin. Ch. A St. L.
Pitts. Youngs. A Ash.
Wabash.

o f the roads m oiuded under each group in the

Pacific Coast—(Con.)
Middle Western-ICon.)
Spokane Falls A North’n
Kanawha A Michigan.
Lake Erie All. A South. Union Pacific—U. P. Ry.
Ore. 3h. L. A Utah N. r.
Lake Erie A West.
8t. Joseph &Gr. Island
Manistlque.
Central Branch. Ac.
Pitts. Lisbon A West.
Pittsburg A Western.
Atch’n Col. A Pac.
South Haveo & Eastern.
Southern Roads.
Toledo A Ohio Central.
Alabama Great South’n.
Tol. Peoria A W.
Alabama Midland.
Northwestern.
Atlanta & West Point.
Burl. Cedar Rap. A Nor. Atlantic A Danville.
Birmingham A \tlantic.
Chic. Bnrl. A (Jnincy.
Brunswick A Western.
Ohio. Mil. A St. Paul.
Carolina Midland.
Chicago A North. Pac.
Anthracite Coal.
Central o f Georgia.
Central o f Neve Jersey. Des Moines N. A W.
Iowa Central.
Lehigh Valley RR.i
Charleston A Savannah.
Chesapeake A Ohio,
Lehigh Valley Coai Co.* Minn. A St. Louis.
VIinn. St. Paul A S. S. M. a n . N. O. A Tex. Pac.
N. Y. Ontario A West.
IGadsden A Attala Un.
Wisconsin Central.
N. Y. 8usq. A West.
Georgia.
Phi la. A Reading.
Southwestern.
Georgia A Alabama.
Coal A Iron.
Atch. Top. A Santa Fe.
Summit Branch.
Ga. Southern A Fla.
Gulf A Chicago.
Choc. Okla. A Gulf.
Lykens Val. Coal.
Jack. Tampa A K. W.
Colorado Midland.
Kan. a t y Mem. A Bir.
Denver A Rio Gr.
Eastern A Middle.
Lexington A Eastern.
Ft. Worth A Den. City.
Adirondack.
Allegheny Valley.
Louisville A Nashville
San. C. Ft. S. A Mem.
BufT. Roch. A Pitts.
; Macon A Birmingham.
Rio Grande Southern.
Mobile A Birmingham.
Buffalo A Susquehanna. St. Louis & San Fran.
Nash. Chat. A St. Louts
San Ant. A Aran. Pass.
Cumberland valley.
Dn. Pac. Denv. A Gulf. i Norfolk A Western.
Hoosac Tun. A Wil.
iOhio River.
Waco A No’ western.
Northern Central.
Petersburg,
Phil. Reading A N. E.
j Rich. Fred. A Pot.
Pacific Coast.
Phil. Wilra. A Balt *
Rich. A Petersburg.
Atlantic A Pacific.
Stony Cl. A Cats. Mt.
iSav. Fla. A Western.
West Jersey A Seash’e. Canadian Pacific.
Western N. Y. a Penn. Nelson A Ft. Sheppard. iSilv. Spgs. Ocala A Gulf.
Southern Railway
Nevada Central.
Western o f Alabama
Northern Pacific.
Middle Western.
Oregon Improvement.
Chic. A West Mich.
, West Va. Cent. A Pitts.
Wrightav. A Tennille.
Rio Grande Western.
Cin. Jack. A Mack.
Clev. Canton A South’n. San. Fran. A North. Pac.
Mexican Roads
Det. Gd. Rap A West.
uar. & a. a .
Mexican Central.
Detroit A Mackinac.
LouLs. Western.
Elgin Joliet A Eastern.
Mexican Internationa’ ,
iMexican National.
Morgan's La. A T.
Grand Rapids A Ind.
N. Y. Tex. A Mex.
Illinois Central.
>Mexican Northern.
Texas A New Orleans.
Indiana Illinois A Iowa.
Pacific System.
Iron Railway.
tWe include these lines in our table bv taking an e timate for 189C on which
to bas<s the increase or decrease reported for this year.

In the Northwestern group there is a small loss in
gross, with 15’91 per cent gain in the net; only the
Burlington & Quincy and the Wisconsin Central have
enlarged their gross, and only these and three others
their net. In the Southwestern group and also in the
Pacific group there is a small loss in both gross and
net, and in the Southern group a loss in gross with an
increase in net. The Mexican group, as heretofore,
shows very striking gains in both gross and net.
It deserves to be noted, as evidence of the general
way in which expenses have been reduced, that while
outside of the Mexican group only two out of the eight
groups have gains in gross, no less than six of the
groups have gains in the net,

(IOTA) AND SILVER PRODUCTION
AUSTRALASIA.

IN

;From our own Correspondent.)
M e l b o u r n e , February 23rd, 1897.
As I advised you some time since, the 1896 gold figures
for Australia show a small upward movement rather
than a large advance—the increase being 16,?f'4 oz. gross.
Nevertheless certain provinces have done well, more par­
ticularly Victoria, where 63,001 ounces were added to the
previous year’s record, thus surpassing its output for any
year o f the previous thirteen.
Western Australia is iu an anomalous position, and may
be relied on to upset any detailed prediction. The proph­
ecies of failure, which are many, will no doubt be justi­
fied in some of the gold fields of that vast area. Optimists
will also be similarly successful, because one or more o f the
fields are sure to turn out all right. “ Westralia ” is a wild­
erness that is most fruitful in prospectuses, mining experts
and lies generally. The capitalization of the fields is, ac­
cording to the “ London Economist ” , roughly, equal to the
whole of the Transvaal the Rand included, while the Rand
has been producing almost as much in a month as Westralia
in a year. The month o f January threw some discredit
on this statement by springing 40,386 ounces on the public,
whereat no place was more surprised at the result than
Westralia. The figures for Westralia, Queensland and Vic
toria run this way :
Vest J uslralia.
Ounces.
O ctob er,'9 6 ..........................................27,331
K ovem ber............................................. 30,871
December
...................... ............
29,653
January, ’9 7 ........................................ 40,380
February.............................................. 32,520
M aroh................................................. 40.290

Queensland.
ounces.

44,000
54,500
•8.400

These Westralia statistics will likely be presented to the
stranded speculators of London, as an inducement to them
to be patient with the swindlers that transferred their cash
to the imaginative vendors of Westralian wildcats.
New South Wales shows a decrease of 64,093 oz. A good
deal of this is probably due to a sort of book-keeping entry.
The figures are based on mintages and exports, and it may
be that extra large stocks were held at the end of the year
by some of the banks. The exports of gold from New South
Wales during the year were: Gold quartz and concentrates,
£97,685, and gold bars, dust, etc., 82,707 oz.; silver ore, 5,347,261
c w t.; silver in matte, 115,486 oz.; silver, 87,303 oz.; silver
lead, 388,420 cwt.
It may be interesting to make a comparison between the
gold totals for the United States and Australasia from the
earliest discovery to the end of 1896. The big American
discoveries were towards the end of 1848, but Australia did
not commence its golden age till the end of 1851. A t any
rate, here are the totals for Australasia for late years and
since the beginning;
AUSTRALASIAS GOLD 1‘RODUCT IS gross OUNCES.
1894.
New South W ales.............. 324.787
New Z e a la n d ..................... 221,615
Queensland......................... 679,511
South Australia.................
35,811
Tasm ania............................
57,873
V ictoria...................
716,955
Western Australia............ 207,131
Total ou n ces................ 2,243,716

1895.
360,165
293,491
631.682
47.313
54,964
740,036
231,513

1896.
216,072
263,722
638,212
29,001
62,588
*05,037
281,265

1851-1896.
11,710 5 '0
13,312,837
11,172,073
507,553
887,822
61,034,884
967,626

2,359,244 2,375,948 99,592,305

Before this letter reaches New York, Australasia will have
achieved the 100,000,000 ounces.
Victoria and Westralia are credited with the largest gains
for last year. For 1897 large ideas are already being enter­
tained. The Victorian Minister o f Mines fancies 1,000,000
ounces will be something like the total his department w ill
announce. Westralia promises 500,000 ounces. I should be
rejoiced to see these results but cannot believe they will be
fully realized.
Victoria mines hold the records for deep sinking in Aus­
tralia. The New Chum Railway Co. owns the deepest
paving mine. The reef is 15 feet wide at 3,878 feet. W ithin
the past 13 months the company has paid 156,780 dollars
in dividends from this reef.
Lansell’s 180 mine (Bendigo) is ths deepest in Australia •
It is owned by George Lansell, a Bendigo millionaire. The
shaft is 3,310 feet deep. A t 3,300 feet a reef 8 feet thick and
showing gold was struck. George Lansell is the apostle of
deep sinking in Australia.
Another mining centra (Creswick, Victoria,) can boast o f
such mines as the Madame Berry Co., which disbursed
§4,377.350 in dividends on a called-up capital of §80,000; also
the Ristori Co., which paid $1,000,000 in dividends with only
§33,000 capital called up.
Considerable local attention is being paid to such facts
as these. Not only is the speculative fashion or fad o f the
day turning its prophetic eye in the direction of gold mines,
but the general dullness of trade, which has made Victoria
gloomy since the bank smashes of 1893, also has its effect in
making available capital and energy for the direct pursuit
o f gold.
The United States Mint, so it is understood here, proposes
to adopt a new mode o f valuation in reducing Australasian
gross ounces to ounces fine. Hitherto the practice has been
to make a deduction o f 8 per cent from the gross ounces.
The difficulty that Washington will find is with the V icto­
rian portion of the production, concerning the exact value
of which there is no record. It is all coined, but the V icto­
rian Mint makes no dissection of its figures as far as the
values o f the gold are concerned.
As to silver production, of course the principal output in
Australasia is from the Province of New South Wales, where
the celebrated Broken Hill mines are. In common with all
silver producing countries, New South Wales has suffered
from the slump in silver—the market value of her production
of silver lead and silver ore falling from £3,484,739 in 1891
to £1,758,933 in 1896. The details for these and the interven­
ing years are:

Victoria.
Ounces.

27,375
49,607

737

1891
1892
1893
1894
1895
1896

MEW SOUTH WALES—8II.TKR LEAD AND SILVER ORB.
Tons.
Values.
147,780
$17,423,695
133,355
12,102,760
214.620
14,967,945
180,326
10,976,695
219,880
7,804,065
286,730
8.794.665

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

7M

Ih E

CflKONICLJE,

|VOL. LXIV *

bourres were disturbed by the departure of the Crown Prince
of Greece from Athens to take command of the troops on the
frontier, but apprehension has somewhat subsided, as no col­
|lision has yet taken place. On Tuesday, moreover, the
speeoh from the Throne at the opening o f the Austrian
Reichsrath repeated the assurance that all the Powers were
w a l k s — s il v e r b u l l io n .
JJKtt SO O T!
Ounces
Ounces.
in full agreement and that peace will bs maintained. Fur­
720.590
1
8
9
4
......................................840,822
t -’.’O
!»> .;
350,001 1S05
§50 .1*2 thermore a good impression was made by the communication
t
531,972 18 00........................................2 0 2 ,/89 by the Russian Ambassador at Constantinople fcj his col­
Tasmania is the only other part o f Australasia that ex­ leagues that the Russian Admiral In Cretan waters, speaking
pert' silver lead and silver ore in any quantity. The follow ­ for the other Admirals, had recommended the appointment
ing ticures represent its total output:
of a Governor General for Crete. This communication was
T A S M A N IA -K I L T E R L E A D AN D O R E .
Tons.
Dollars. taken to indicate that the Russian Government is really de­
ISOS ....................................
15,710
942,600 sirous of a peaceful solution.
-tfi.it
...2 0 .5 7 2
1,234.320
Another piece of intelligence from a different quarter has
1,233,180
IS P S ......................................... '. ....................................... 20,553
x
~
...... ; ............................................................ 2 1 ,1 0 7
i,u s .s io been regarded as very assuring in the London market. For a
Here again, the " v a lu e " is the export value, and bears year or so, there has been much talk in Argentina of resum­
no consistent proportion to the “ coining value” as ex- ing the payment of the full interest upon the debt but few
I.re.— i in American statistics. The figures for all Austral­ people believed that anything would come of it. O i Tues­
asia during the past six years are as follows :
day, however, the Messrs. Rothschilds communicated to the
AU STRA LA SIAN S ILV E R rR O D U CTIO N .
Stock
Exchange a letter just received from the Argentine
Silver
r-S ilcer Lead ami Stiver Ore.
Mi ister in London to the effect that the Argentine Govern­
Bullion.
Value
Weight.
oz.
dollars.
D a le tons,
1,000,449 ment had decided to resume paying the full interest on the
17.533,090
1891.................
148,055
789,696 debt from July next. By the Romero-Rothschild Agreement
12,104,760
133.355
1*82........
975,256
15,710,545
1803................
230,330
1,115,318 in 1893 it was arranged that the interest on twelve Argentine
) 2,211,018
1894
.............................. 200,898
909,572 loans, largely held in Europe, should be reduced for five
9,037,245
1895
.............................. 240,433
629,301
9,942,975
.............................. 307,903
1896
years, and that one per cent of the loan of 1886 and the Fund­
Gross total from first pro­
113,100,890
10,643,261 ing loan should be withheld during those five years, but that
duction to 1896................. 1,553,091
in the sixth year, the Argentine Government should pay into
the Bank of England, the full amount due as interest upon
IM PO R TS A N D E X P O R T S FOR MARCH.
The Bureau of Sta istics lias issued a detailed statement of the debt, that out of the sum so lodged the full five per cent
the fo r e ig n commerce of the country for the month of should be paid on the loan of 1886, the full six per cent on the
March, l s 97 a n d 1896, and for the nine months endiBg Funding loan, that the reduced interest on the other loans
should be paid, and that out of the surplus the one per cent
March 31 in 1*98-97 a n d 1895-96, as follows:
deducted from the 1886 loan during the previous flve years
M ERCHANDISE.
March.
9 inos. end. itch . 31. should be made good, and that if anything remained it
1896-97.—E xport*—D om estic............ $85,409,425
$807,715,701 should be applied to making up, as far as it would go the
Foreign......................
1,862,106
14,554,043
one per cent that had been deducted from tbe Funding Loan.
T otal........................................ $87,271,531
$822,269,744 In tbe seventh year and therafter the full interest should be
Im ports—Free at duty..............$41,152,201
$253,224,319
Dutiable...............
35,220,630
2-15,663,906 paid on all the loatis.
The five years stipulated for in the agreement will not ex­
Total..........................................$76,372,831
$498,888,225
pire until the middle of 1898. Consequently the announce­
Kxces# o f exports.....................................*10,894,700
$323,381,519
ment of the Argentine Government comes to this, that it has
1895-98.—E xports—D om estic.... .......... $74,000,616
$604,281,964
Foreign......................
1,573,568
13,959,093 ehoitened the time during which the reduced interest was
T otal.........................................*75,574,184
$678,241,057 made payable from five to four years. Tne best estimate that
Im ports—Free o f duty................*31,016,387
$291,243,191 can be formed is that next year the one p “r cent deducted
D utiable..................... 35,489,276
31 6,4,7 ,305 from the 1886 loan for the past four years will be m ide good
T ota l......................................... $66,455,663
$607,650,496 and that about half tbe amount deducted from the funding
Excess o f exports......................
*9,118,521
$70,590,561 loan will be paid. Naturally there has been a great rise in
OOLD COIN AND HULL!ON.
these two latter loans and a very considerable one in the
1896-97.—E xports..
$172,068
$15,088,002
other loans.
Iiu p o rts... . . . ............................
884,166
79,580,072
Outside the Argentine department, however, there is not
Kxc-c-n o f Im ports... .............................
$312,098
$64,492,070
much doing. The amendments to the Arbitration Treaty by
1895-96.—E x p o rts.. -..............
$384,080
$82,507,891
Im ports........ .............................
077,733
29,158,552 tbe Senate, the very protectionist character of the new Tariff
Bill and the decieiou of the Supreme Court in the Trans-MisExee*» o f e x p o r t s .......... .....................
. ..
$53,319,339
F.xcewi o f im port-..............
*293,653"
scuri traffic case all continue to discourage investment iu
OOLll IN OHK,
American securities. The mining market is quite lifeless,
1896-97.—E xports..................................
$3,137
$243,658
British securities have moved but little, and fort l^n securities
Im ports........................................
549,429
2,413,655
are neglected here, although they have been fairly well
E*ee*» o f Imports .
$546,292
*2,169,997
maintained in Paris.
1895-96 - Export*.,
$17,940
*74,893
I to p o r n .......
78.883
1,384,565
The revenue returns of the United Kingdom for the year
Kxtea* o f import* .
................................................ $60,913 $1,309,672 ended Wednesday night are wonderfully good and prove
SILV E R COIN AND BULLION.
beyond all question how prosperous the people are, and how
1890-97.—E xport*................................... *4,915,684
$40,675,906 good trade has been. The total receipts of tbe Exchequer,
Im port*.........................................
480,170
8,080,995
that is, excluding what has been paid over to the local
K xceeaof e x p o r t* ,,............................... * 4,435,514
$37,094,911
authorities, amount to very little under 104 millions s erling,
189,5-08,—Export*.................. ....... ........ $5,014 720
*45,216,070
I m p o r t* ,...,................................
1.353,526
10,796,686 being an increase over tbe estimates of the Chancellor of the
E x , , , f KAport*....................... .
... * 3 ,6 8 1.100
*34,419,404 Exchequer last April of, in round figures, 3J£ millions ster­
S IL V E R IN O R E .
ling. The expenditure, which was estimated at a little over
1896-97,- Export - .................
$23,639
*903,182 one hundred millions sterling, has actually exceeded that sum
I 8 jp » m ..........
1,518,785
13,920,085
by about a million sterling, and the final result is that there
R x r.-., ,n import- ...............
*1,4,15,126
#13,<’ 18.903
is a net surplus of revenue over expenditure of about 2}^
1895-96-—E xport*..................................
$67,888
$532,874
millions sterling.
im port*...................... .................
1,40*,"too
11,300,197
71ie money market has been exceedingly easy ibis week.
*: t * o f ioui
*1.400.532
*10,767,323
Usually the last three days of tbe quarter and tbe financial
I U o t t e t a v i j i ® o m m j e r c t a X ^ u 0 l t s l i p i j e i B B rear are marktd by a good deal of stringency. Large
amounts have to be called in to pay interest and dividends,
the joint-stock banks call in loans also for making uji their
London, S aturday , April 3d, 1897.
! From o a r own correspondent.]
quarterly accounts, and the heavy receipts of revenue trans­
There i> a* y-t no change in the political situation in South fe r considerable amounts from, the open market to the Bank
iAsteni Europe, On Monday all the stock exchanges and of England. For many years past, therefore, the last three
rh»* ■alBi's on* mk.-ts from the declarations o f the exporters
at tfc*> Custom House, ami include the value of the lead,
less* t!s ■re littery charges. Besides the above, silver bullion
o f the following amounts were also produeed ill New South
Wales and exported:

THE

A pr il 17, 1897.]

days of the financial year have witnessed extensive borrow­
ing at the Bank of England. This year the borrowing has
been small. The rate for short loans has ranged from about
to 3 per cent and the discount rate has fallen very nearly
to V/i per cent.
The probability is that rates will fall still further next
week, as the interest on the national debt will then be pay­
able, aDd ic looks as if for several months to come there will
be marked ease, unless of course war alarms increase. Gold
continues to come in from abroad in large amounts, specula­
tion is utterly paralyzed, there is practically no new enter­
prise, and though trade is good the manufacture of bills is
not upon a large scale.
In India, on the other hand, the stringency continues, and
it looks now as if there will be very little ease until the new
crops are gathered in July and August. The best estimates
that can be formed go to show that the exodus from Bombay
caused by the plague amounts to at least, 350,000 persons,
or practically half the whole population. iManufactures are
almost at a standstill, exports are greatly checked and im­
ports are rendered very difficult. And the position at Kurracchee is little better. The latest reports are that the plague is
abating, and there are hopes that some of the work-peop'e are
beginning to return, but evidently business will not revive
for a considerable time. The losses of merchants, however,
will be heavy, and it is feared that they will not be able to get
in the debts due to them.
There are hopes that the crops now being gathered in will
will prevent any increase of the famine, but there is little
likelihood that there will be much decrease until the crops are
harvested in July and August. Therefore, the Government
expenditure upon relief works will continue as large as it is,
and the great poverty, it is only too probable, will prevent
native buyers from meeting their engagements. Owing to all
this there is a fear that many of the European merchants may
be plunged into difficulties, and naturally the banks are un
willing to face risks. Besides, the proposal of the Govern­
ment to raise an Indian loan of four crores threatens to reduce
the small supply of loanable capital in the great markets of
Bombay and Calcutta, and so to increase the embarrassment.
In spite of all, however, the India Council is not selling
its drafts freely. It offered for tender on Wednesday 40 lacs,
but the applications did not quite amount to 3 6 lacs, and
the actual sales were only about 11 lacs. Later it sold by pri­
vate contract about 9 lacs, but the greater part of the latter
sum was on account of the Famine Relief Fund. Evidently
the India Council is unwilling to sell except at a price the
market will not pay, and equally evident the exchange banks
are unwilling to face any risk.
The “ Railway News” of London reports the traffic receipts
for the week ending March 28 of 55 railways of the United
Kingdom which make weekly returns at £1,550,167, against
£1,498,735 in the corresponding week of last year, an increase
of £51,432. For the thirteen weeks of the current half-year
receipts were £19,328,654, an increase of £517,402.
The rates for money have been as follows :
Interest allowed
for deposits bp

Open Market Hate*.

-

Mar.

53
12 3
19 3
26 3
Apr. 2 3

Bank BUI*.
Trade Bill*.
Disc’t H'se
Joint
Three Four
Six
Three Four
Six
Stock At 7 to U
Month* Month* Month* Months Month* Month* Banks. Gall. Dapi
19-16$$ 19-10$$ 1 9-10
IX IX
IX
1X
2X
1*
2
ix
IX
IX
2%
IX 1H
IX
2<§>2%
ix
IX
IX
IX IX
m
m
IX
*
2
2
m
IX IX
IX
1%
IXIX im m 1X®1« 1«®2
IX
IX
IX

17-16®1x.
The Bank rate of'd iscou n t and open market rates at the
chief Continental cities have been as follows:
Rate* of
Interest at
Parts... .........
Berlin..............
Hamburg.......
e rank fort.......
Amsterdam....
Brussels.........
Vienna...........
3t. Petersburg.
vtadrld............
Oopenhaven.

April 2.
Bank
Rate
2
3X
»X
3X
3X
3

March 19.

Open Bank Open Bank
Market Rate. Market Rate.
l«
2H
3
3X
2
2

2
3X
3X
ax
ax
3

6X
5
4

»
5
4

4

6
6
4

Mch. 26

4

m
3
»x
3X
2
2
m
6X
4
4

2
3X
m
3X
3
4

0
6
4

Mar. 12.

Open Bank
Market Rate.
m
3X
m
3M
2
2X
m
6X
4
4

2
3X
8X
3X
3H
8
4

0
6
4

739

CHRONK LE.

Open
Market
m
2X
m
3
2X
2X
ax
ex
m
4

The following return shows the position of the Bank of
England, the Bank rate of discount, the price of consols,
&c., compared with the last three years :
1807
March 31.

1816.
April].

£

1895.
April 3.

£

1894.
April 4.

£

£

Circulation
.......................... 27,256,305 26,733,230 26.123,765
Public deposits.................. .... 16,150,425 17,211,199 10,955,122
Other deposits ..................
33,550,15645,327,128 31,995,544
3 overnment securities............... 14,372,883 15,214,563 12,467,727
Other securities ......................... 29,942,459 28,549,418 20,426,749
Beserveot notes and cMn..
28.886,150 37,129,465 28,420,255
Coin & bullion, both departm’ts 39.342,455 47,062,695 37.744,020
Crop.reserve to liabilities, .p. o.
52 11-16
62>$
65 15-16
Bank rate
...percent.
3
2
2
Consols, 2% per cent................
I ll H
10911-16
104$$
Silver ....................................... 28 5-16d.
31*^d.
30d.
Clearing-House returns............ 153,421,000 176,121,000 179,649.000

25,172.530
11,473,640
28.694,664
8,931,810
26,521,785
22.524,667
30,897,19
5556
2
99U
2S3-16d.
148.924,0(0

Messrs. Pixley & Abell write as follows under date of
April 1 :
Gold—With Continental demand, as w ell as inquiry for the East,
prices have again slightly advanced. The Bank o f England has re­
ceived £261,000, in sovereigns f ont Australia. A rrivals: South
Afrioa, £309,000 ; Australia. £ 141,000 ; River Plate, £19,000 ; West
Indies, £ 4 0 ,0 0 0 ; total, £609,000. Shipm ents: Bombay, £ 1 ,5 0 0 ;
Japan, £ 3 3 ,0 0 0 ; Calcutta, £ 1 0 ,0 0 0 ; total, £45,500.
Silver—The general course o f the market has been downwards, with
some selling pressure from New York. To-day there is m ore inquiry
than supply, and the market, has advanoed t >287 eh-, closing to-nighc
at 28 Xd. The Bombay price is 77 % Rs. per 100 tola Its. A rrivals;
New York, £ 2 0 4 .0 0 0 ; West Indies, £ 6 / 0 0 ; total, £210,000. Ship­
m ents: Bombay, £1 15,150 ; Calcutta, £ 7 5 ,0 0 0 ; total, £190,150.
M exican D ollars—These coin have been inquired for during the
week and close, buyers, at 27 Xd.

The quotations for bulliou are reported as follows:
G o ld .
London Standard.
Bar gold, tine___ oz.
«a r rgold, parting, oz.
Spanish, o ld ........ oz.
New..................oz.
J. S. gold co ln .-.o z.
Germ’n gold ooln.oz.
French gold coin.oz.

A pril
s.
77
77
76
r, 6
76
76
76

d.
10%
10%
0%
IX
5X
3%
3%

Mar.
25.
8
77
77
76
76
76
76
76

SlLVEB.
A pril
London Standard.

d.
10
10 ^
0%
IX
5X
3%
3%

Bar silver, d ne.-.oz.
Bar silver, contain’g
do 5 grs. gold.oz.
do 4 grs. gold.oz.
do 3 grs. gold .oz,
Cake silv er..........oz.
M exican dollars.oz.

Mar.
25

d.
d.
281)6 2813ie
28
28%
289,8
30%
273*

29%
2816l8
3 U 16
28

The following shows the imports of cereal produce into
the United Kingdom during the first thirty weeks of
the season compared with previous seasons:
IMPORTS.
1896-7.
tm portsofw heat.cw t.40,530,930
B arley............ ..............15,473,060
Oats....-...............
10.341,500
Peas............................... 2,098,840
Seans............................ 1,845,150
Indian oorn...................35,833.830
F lo u r ............................. 13,439,330

1895-6.
1894-5.
1893-4.
38,123,660 39,132,596 32,941,970
15,438,240 17,605,774 20,203,254
7,843,580
7,970,967 7,930,964
1,696,960
1,453.539 1,618,703
2,148,542
2,637,132 3,197,867
27,731,700 15,285,314 19,123,240
12,837,480 11,661,270 11,200,399

Supplies available for consumption (exclusive of stocks on
September 11:
1896-7.
Wheat Im ported.ow t.40,530,930
Im ports o f flour........13,439,330
Sales o f hom e-grow n.16,017,462

1895-6.
1894-5.
1893-4.
38,123,660 39,132,596 32,941,970
12.837,480 11,661,270 11,200,399
9,724,608 13,771,020 14,661,863

T ota l............... ....6 9 ,9 8 7 ,7 2 2 60,685,748
1896-7.
1895-6.
Aver, price wheat,week.27s. 9d.
24s. lOd.
Average prloe, season..29a. 2d.
25s. Id.

64,564,886
1894-5.
20s. Od.
19s. 9d.

58,804,232
1893-4.
24s. 4 d .
26s. 2 d .

The following shows the quantities of wheat, flour and
maize afloat to the United Kingdom :
This week.
W heat..............q rs.. .1,510,000
Flour, equal to q r s ... 275,000
Maize................q r s ... 805,000
E n -lls h

L ast week.
1,585,000
280,000
825,000

F in a n c ia l

1896.
2,216,000
302.000
556.000

M a r k e t s —P e r

1895.
3,300,000
241,000
191,000

C a b le .

The daily closing quotations for securities, &o., at London
are reported by cable as follows for the week ending Apr. 16:
L ondon .

Sat.

Mon.

Tues.

Wed.

Thurs.

Silver, per oun ce....... d.
Consols., new , 2% p.cts.
F or a ocou n t................
FFch rentes (in Paris) fr.
Atoh. Top. <fe Santa Fe.
Do
do
pref.
Canadian P aciflo..........
Chesapeake & Ohio.......
Ohio. Milw. & St. Paul
Denv. <Sc R io Gr., p r e f..
Erie, co m m o n ...............
1st p referred ..............
Illinois Central..............
Lake S h ore....................
Louisville & Nashville
M exican Central, 4s ...
Mo. Kan. & T ex., com ..
N. Y. Cent’l & H udson.
N. Y. Ontario & West’n
Norfolk & West’ n, pref.
No. Pac. p ref., tr. recta.
P ennsylvania................
Phila. & Read., per sh..
South’n Railway, com ..
Preferred.....................
Onion P acific.................
Wabash, preferred .......

287,8
112
112
102*62
10%
20%
5012
17%
743s
39^8
1319
30
94
168 X
40%
69%
11
101%
13 ^
2H%
36%
53 78
1018
8%
26%s
5%
1278

28%
1117g
112
102-65
10%
1934
50%
17%
74 X
39
13
30%
94
le a x
46%
69 X
11%
I0 1 X
13%
26%
3 6 7s
53%
10%
8*4
26%
5%
1278

28 X
112
112%
102 72
10%
19%
50%
17%
74%
3878
12%
30%
94
i6 8 x
46%
69 X
11%
101
13%
26%
36%
53 78
9%
8%
26%
5%
127s

287,8
112
112%
102*65
10%
19%
50%
17%
74%
39
12%
29%
94
i6 8 x
46%
69%
11%
103 X
13%
25 X
36%
54%
0%
8%
26%
5X
12%

287,8
111%
112
102-47
10%
193q
50%
17%
*7438
1238
29%
94
168%
46%
11 >8
102 X
13%
25%
36
54%
9%
3%
26%
5%
12 %

|

M
O
a

i
i
i
i

740

TH E

CHRONICLE.

MKRCltAXmSK MUVXUII.VT AT N*W V IKK. Gusto ms hbqcipts .
a t New Y ork .
Import*.
Exports.

C o m m ove I n l a n d H & t s c c l t a u c o u s I^ e iu s
M ou rn
S x r t o H x h B a n k s .— ■Th e f o l l o w i n g i n f o r m a t i o a

r e g a r d in g

umkmti b mkn u from the Treasury Department:
fjiM K A m

m x tttm m .

.

kxtkkoeb

1800-07.
f

■J, ?5C - r«< First V4ii »ti*I 8 * « * o f fi
Colo., until April 3, 1917.
UOBiDATlOSf,
S o l* -T h © Citizen*1 National Bank o f Fer*n* Ftila. fttioiieaotft, Las
4- *ot |iito v o !a o to -f IIq. ii‘lA. tea Of resjltm on o f lea stock*

h M«r* <1*ted Stareti 2B 18*7.
4 »iSl—Tn* Fir-*: NrtT»».o tiaik of N..i?oa i. texts, his so no Into rotv.ot*ry iLjoua i >n by resoln.nl m of Its oiookliold *rs dued.
ifu m r i tot i$d?.

[Vob. LXIV

July ».*....
Atiffnat.,...
Bepterober..
October ...
November..
December..
Jtmn&ry ...
februnry...
March,.....

»
83,354,119
32,29 i.914
S2,« 19,390
83,139.446
32,4 5^,174
38,265,117
84,415,110
83,974,' '4!
46,878.360

1895-96.

1896-97.

$
47,012,m
43,938,854
41,097,882
48.975,0^
39,589,301
40.320.020
44,795,519
40.081.021
42,285,57 X

$
80,830,037
28,030,172
SO.495.106
35,48«i,78J
32,020.660
35.74 L,707
38,407,994
80,518,791
34,532 480

1805-00

3 I ••«•* - rh*
pi* a I Nation *1 Bank, Sr. Pan , Nob.* o a t sou o Into r o ltuiiarv nu-ild.ui m bv ttMoiatlon or I' m ©tookli ddera d tt o d
1
Total., 2122,323,089 380,599,890 201,521.300
M*reii U\ 1907, to toko
Parish 31, 13 »7.
gr aj|| -*Tbe Mr©t National S * «k o f Stttli rtand,
Las gone into
The imports and exports of gold
*»f its stnekHol Inca dated
M la n t t ff UanWatloa
months have been as follows:
January 13.1307, to u k s Hi *-»
Vl
et Mareii
15,1897.

I m p o r t s and E x p o r t s p o r tbb W eek.—The following are
tht ;m(- .rt>
New York for the week ending for dry goode
April s and for the week ending for general merchandise
April » ; also totals since the beginning o f the first week in
January,
IrORBIOS IMPORTS AT NEW TORE,

1896.

1897.

Far meek.

$3,475,18)
8,899,339

D ry g o o d ........
Q «n’l mer'>U«'

1895.

$2,388,283
6,830,172

1894,
$1,436,992

# 8 ,'3 1 ,1 9 7

6,061,802

7,817,791

f
25,93 3,4510
28,485,2 US
20,573.006
31,775358
29,723,271
32,104,261
83,801,742
27,377,902
80,003,8 &

1890-07.
*
July, ......
359,91?
August..,..
3,500,080
September. 80,736.333
October. ... Si,133,791
November..
4,010,890
December
15ft,8«?
261,329
launary....
February..
286,102
March...... .
006.351

8,259,018
8,450,768
7,621.22'
7,16.1,420
0,016.183
7.285,290
7,795.400
8,35 >,780
17,579,033

10,634,706
10,*399,618
9,75(3,892
9.299.378
7,703.481
8,819,902
10,424,675
10,077,448
9,320,014

79,070," 10 80 330.118

SH.VRR—N bw Y o r k .

Export g.

Imports.

1896-96.

and silver for the nine

QOU> itfOVBMENT AT NSW YORK.
MONTH.

1800-97,

Imports ■ Exports.

1896-00.

1800-97.

18J5-96.

1898-07

1800-97.

t
298.007
1,234,107
600.211
1,620.488
180.456
SO3.C08
7,217,05f
9,?92,4f0
280,107

J
8,998,376
50,610
17,805
99,830
293,201
181,065
302.281
323,131
£07.58?

$
2,210,>7V
10,205,750
16,’470,5O.
1,580,105
13,082.006
14,815,095
10,538.473
1,909,180
361,065

f
1,101,471
894,000
799,096
874,7 $
860,91*
55-,6"?
956,934
S1'0,531
815,45'

1
5,083,400
4,890,384
4,898,S77
4,507,671
4,391,880
4,561,681
8,421,002
8,782,265
4,233,532

#9,218,755 $ 10,951,981 $8,393,794
#42,585,648 $47,836,917 $’ 6,559,960
07,013,511 97,442,09 J 94,508,515
Total... 03.110.776 21.826,458 10,808,005 78,175,840 7,481,412 ?^9,750,707
T otal 11 weeks #137,511,5-6 #13.1,599,159 $145,279,007 $121,068,475
Auction Sales.—Among other securities the following, no.
The i,n tons of dry goods for one week later will be found regularly dealt in at the board, were recently sold at auctiont
In our report of the dry goods trade.
By Messrs. R. V. Harnett & Co.:
The following is a statement o f the exports (exclusive of
epetue) from the port of New York to foreign ports for the
Bonds.
Shares.
I
Firm Ave. B a n k ................ 2990 $450,600 Akron Street Ky. *
week ending Apiil 12 and from January 1 to date :
*12,77), 523

Total ......

Since Jan. 1.
Dry goods.......
Ono I iner’itlse

*30,313,5 55
l u i , 168,021

2 Im p’ters’ & T rad's’ Nat.Bk.

E X P O R T S PRO M S E W Y O R K F O R T H E W E E K .

1897.

1890

1895.

$7,138,554
93.809,436

#7,113,876
99,970,091

F or the week -.
F re t, reported

Total 14 week* $107,113,967 #100,007,990

1894.

$7,553,987
88,135,283

$8,918,398
94,091,021

Shares.

1566 and 1865:

tx ro S T * i s n im port * of specie at n ew io h it .

Jiiiporf*.

Jiifiortt.

Week,

We* ladle*....__
Mexico .... ..........

Sines Jan. 1.

........

loS.TSG
#1.060,821

$2,000

Tata) 1808.......! 1,031,808
Total 1805........ I
SUetr.

14,412,018
31,112,004
Exports.

021,712

Week.

Great Britain....... 1

franco..................... <
Germanjr..........
Wmi tmllm,,.,

M ex ico.....................
Boat?) A m erica.......

826,290

*18 ,651
595,77'.
213,389

*1,102,212
17,947,740

Week.

*976,731 $12,254,910!
•131,000
5,750
43,352:
11,475
*076,781 f l 2,740,487
1,030,860 14,702,9-3

0 40,4, 6'

....... 10

$3,938
3,863
5,200
5,639

28,358
139,195
93,083

Imports,

\Since J a n .l.

All other eotmtrfe*.:
Total 1897.
Total 1800.
Total 1898.

Since J a u .i,

$15,276

432,510

Soath A m erica.......
A ll other countries.
T otal 1897........

Week.

$521,S95
$2,050

S,478,088

Since J a n .l,
$2,022

$5,039
20,291
9,033
40 J

1,000
60,478
311,227
209,959
6,190

$35,303
17,225
14,897

$590,871
709,116
370,498

Of the above imports for the week in 1887 $3,018 were
American gold coin and $889 American silver coin. Of the
rx j-.ir: - during the same time $3,000 were American gold
coin.
- S t ’.mti Zunmmnmn & Forshay offer at a price returni»K Id Hi ft r c nt upon tbs' investment, a limited amount of
Pidel, Jig $h« ian,'_o & Lake Erie first mortgage 5 per cent
gold b r>r.diida 1949,
0 Mgguliir q mrterly meeting of the Board of Truss At 'antic Mutual Io,«. Co, held Wednesday, April 7,
t«
tl t.,|! vini: ‘ bang*:.- in the official staff were made : Anton
A. R l
, I’ r• id* nt, in place of Wm, B. XI, Moore, resigned,

ond \
dent,

Shares.
14 Panama R y. On.........
66
10 Great Eastern ( ausualty
Ac Indem nity C o . . . ....... 75
19 Ninth Nat. B ank............... 103%

40 Nat.B ut’rs' & D r o v V Bk.120
20 Bradstreet Co., S . H av.,
C o n n .................................535
200 M edia n ’s’ A Traders’ Bk.125

City Railroad Securities—Brokers’ Quotations.

«s: nee January 1, 1897, and for the corresponding periods in

Grv*i B rita in .........
F r»a «* .................... .
Germany..................

Illum inating Co. 1st 5 s ___ 63

#95,089,270 #103,012,419

The following table shows the exports and imports of specie
at the port of New York for the week ending April 10 and

Sold.

512

By Messrs. Adrian H. Muller & Son :

Bid Ask. j

Bid.

Atlan. Ave., B’klvn—
Con. 5s, g., 1931.. AifcO
rmpt. 5s, g., 1934..J3U
8166k. S t.& P n l.P .—Stk.
1st mart., 7a, 1900. J &J
Brooxlyn KapM Transit.
B’ way&7th Ave.—Stook.
1st mort.,5e, 1904. J&H
2d mort., 5 b, 1614.J&J
B’waylat,5s,gnar.l924
2d 5s.lnt.as rent’1.1905
Consol. 5s, 1943...J4D
Brooktyn City—Stock.

{103 104 ii lat, gold, 5s, 193a.JAB i f f 110
77 80 i| S c rip ............................. §101 103
80*9 Sil»a Klghth Avenue—S tock... 325
{100 108 Scrip, 6a, x914...... ......
lO^a 20^ 4 2 d * Or. St. For.—Stock 325r 330
190 200 424St. Man. <& 8t.N. Av.
{106 108 1st mort. 08,1910.51 i : 31if i f i
so
{109 112 2d mort. Income
{110 118 Lex.Ave.<kPav.Ferry 68- 1153d 116
{104 108 Metropolitan Traction... 103 104**
118V'120 Ninth Avenue—S tock... 160 170
180 181 eoond Avenue—Stock..
lstmort.,56,1909.M&N 'l 08*' lie
113
105
103 106 DehentureOs, 1909.J <fej 102
101 104 Sixth Avenue—Stock..., 165
160
Third Avenue—Stock ... 157^ To
5s, 1839......................... {110 112
lat mort., 5e, 1887.3*1 121 132
Iwenty-Thtrd St.—St’k. 300
Central Crosstown—Stk 200
Deb. 5s. 1608............... 100 1 0 3"
1st M.,6s, 1922...M&N {115 118
103
Oen.Pk.N.&E.Blv.-Stk. 164 165 Onion Ry—8 to o k ...........
{104 4
Consol. 7s, 1902...J<feB 112 m
lets*, 1942 ________
Oolnmbns & 9th Ave. 6s. 11534 116
Westohest’r, lst,gn..,58. {99V 102
Ohrlat’pT&lOth Bt.~8tk. 152 180
1st m o rt..l8 8 8 ...A & 0 10
1011 103
{ Ana accrued interest,

(*as Securities—Brokers’ Quotations,
Bid. Ask.

QAS COMPANIES.

Hanking

and

financial.

Spencer T rask
•

-

NEW YO R K ,

65 Stale Street, A lbany.

I N V E S T M E N T

F-:*« f • * T i s i o " of
Y ' h i k — M o x t H t .r S t a t k u b s t . —I n
•dditton to ili" othor tables given in this department, made Guouais 1UKCCAV MOWAT.
up froiu vi'.;4 :y t\' ■:rue, >v■ give the following figures for
M o f f a

■

& C o .,

BANKERS

si if tH; Theodore P. Johnson, Third Vioe-Presi-

V

■ *Y*r- If., total imports nml expo
tnef Oi.au !■,.,.•• mid the Ciwtoms receipts for the nine months
o ' the t o t two

Bid- Ask*

0 A 8 COM PANIK8.

105 j People*’ (Jarsey c it y )... 170- ,17’
i ? ? 1* U3 ; Wllllamsbnrg lot Ba ... 102 V
Pulton Municipal 0*...... 105
195
83 B oota b le......................... 211 211%
77
Bonds. 08, 1899............ 103 105
103 104
49 52
180
76
74
105
Bonds, 5 s................. .
245 25*5~ Standard p re f..—........... 113 115
98 Hi 94 *3
107 108
Common.— ........ .
65 i 07
93
94 Western G a s.... . . . . . .
94
50
57
Oonsol. S»...................... 100 101

B’klyn U nion Gas—Stock.
Bonds.............. .
Central....t
Consumers' (Jersey City).
Bonds........... ........... .
Jersey City «fe Hoboken..
Metropolitan—B on d s.....
Mutual (N. Y . ..............
N. Y. & East Biv. 1st 5e.Proferred........ ..

A. Burntor, Vftse-PrtHiflent s Cornelius Eldert, Bec- 27 Sc 29 PINE S T R E E T ,

'

Ask.
170

S E C U R I T I E S .
ALEXANDER M. WlHTil, JB

t

&

W

h i t e

,

bankers,

30 P I N E

STREET
NEW
I N V P 3 T M F N T S F C 1J R I T I E =5.

V O tf K

I h e I te tik m '

The following were the rates of domestic exchange on New
York at the under-mentioned cities to-day: Savannah, buying
1-10 disoount, selling par ; Charleston, buying par, selling %
premium; New Orleans, bank, §1 50 premium; commercial,
50c. premium; Chicago, 50c. per §1,000 premium; St. Louis,
50c. per §1,000 premium.

<&K2 t t n .

D I V I D E N D S .
Per
Oent.

.Vame o f Company.

3
1
2b!

When
Payable.

B ooks closed.
(Days inclusive.)

United States Bonds.—Sales o f Government bonds at the
Board include §30,000 4s, coup., 1925, at 124%; §18,000 4s,
coup., 1907, at 112% (o 112%; §13,500 4s, reg., 19i>7, at 111%
to 111% and $1,000 5s, coup., at 114%. The following are
April 15 Apr. 11 to A r r. 15 closing quotations:

May
May

1 Apr. 24 to M ay
1 Apr. 25 to May

1
2

1
3

April 10 April 8 to April 13
May
1 Apr. 21 to a pr. 30
4 Apr. 25 to May 4
M ay

1%
3
3b

to —
April I f
1 —
to —
May
1 Apr. 22 to May
May

3

W A L L S T R E E T , F R ID A Y . A P R IL 16. 1 S 9 7 -3 P . M.

The Money Market and Financial Situation.—The mcst
important financial news of the week was the announcement
on Wednesday that the New York Central & Hudson River
Railroad Company and the New York & Harlem Rail­
road Company had completed negotiations for the re­
funding of their present outstanding bonds into 100-year
3% per cent gold bonds. The mortgage which it is proposed
to issue in the case of New York Central will be for $100,000,000, of which §15,000,000 is to be reserved for new construc­
tion after 19U3, and the New York & Harlem mortgage
will be for $12,000,000.
This is the largest transaction o f its kind in the history of
this country and the low rate of interest at which it is made
shows how our best railroad securities are regarded in the
financial centers of the world.
Of more general interest is the late news from the GrecoTurkish frontier, where matters are assuming a decidedly
war like aspect. As a consequence American securities were
freely sold on the European exchanges yesterday, and stocks
with an international market declined in Wall Street.
The foreign exchange market has shown a hardening
tendency ihis week, but in view of the foreign trade state­
ment recently given out exchange is not likely to materially
advatce in the tear future. According to the statment re­
ferred to the imports o f merchandise in March were
valued at $76,372,831, the largest total for any month since
April, 1893; but they were exceeded by merchandise exports
to the extent of §10,893.709. For the first nine months of the
fiscal j ear the statement further shows the excess of
merchandise exports over imports to be a total of §323,381,519.
The open market rates foroall loans on the Stock Exchange
during the week on stock and bond collaterals have ranged
from 1% t o 1% per oent. To-day’s rates oh oall were 1% to 1%
per oent. Prime oommercial paper is quoted at 3% to 4% per
oent.
The Bank of England weekly statement on Thursday
showed a decrease in bullion of £1,998,719 and the percent­
age of reserve to liabilities was 50*75, against 52*31 last
week ; the discount rate remains unchanged at 2% per cent.
The Bank of France shows a decrease of 2,400,uUO francs
in gold and 3,375.000 francs in silver.
The New York City Clearing-House banks in their statement
of April 10 showed a decrease in the reserve held of $2,324,000
and a surplus over the required reserve of $46,170,050, against
$47,666,575 the previous week.
1897.
A pril 10.

D ije r e n ’tfrirm
1896.
Prev. week.
A p i l 11.

*

C apital................. 59 ,772,700
...
S u rp lu s............... 73 T53.800I
Loans & dlso'nts. 512 51*2.600 Deo. 220.100
C ircu lation ........ j 15. ,589,200 jDeo. 112,600
Net d eposits....... 66n,Tlb.tJOO Dec 3, 3 0 9,9(0
S p e c ie ................. I 85, 864,400 Dec 119,900
78<’,800jL)ec.2, ,204,100
Legal te n d e rs ....
I101'
Reserve h e ld ..... 187, 649,200 Dec 2,,3? 4,000
Legal reserve___ 1 1 1 ,479,150 D« o. 427,475
46.170,050 Dec 1,496,525

61,122, 700
72,833,,300
465,612,,400
14,341,,300
483,151,,400
58.835,,000
79,884,,1 0 0
138,719,,1(0
1-0,787,,850
17.931,25<

189S.
A pril 13.
62,622,700
71,046,800
481,023,100
13,141,300
503,83<S5CO
65,387,000
75,493,4(0
140,880,400
125,957,(25
14~922,775

Foreign Exchange.—The foreign exchange market has
been dull but firm and ra es show a tendency to advance.
To-day’s actual rates of exchange were as follows: Bankers,
sixty days’ sterling,
demand, 4 87% @ 4«7% ;
oables, 4 87%<tf4 88.
Posted rales of leading bankers follow :
Apt U 16.

Sixty Days.

Demand.

Prime bankers’ sterling bills on London..
4 88b
4 87
friine comm ercial........................................ 1 853,1*4 86
Documentary com m ercial.......................... 4 85 i*4 851a
Paris bankers' (francs)................................ 5 17% S 1613,« 5 151* 1415,8
Amsterdam (guilders) bankers................. -tOb aiOha
100,81*10 4,
P r A n l / f n r t n r R r m n f t n i F R i n h n u t r l r o i h ’ lrn ru

Interest April
Periods
10.
2 s , ......................reg.
4s, 1 9 0 7 ............. reg.
4s, 19 07.......... coup.
As, 1925....... . .reg.
4s, 19 25..........coup.
5 3 ,1 9 0 4 .........r e g .
5s, 19 04.......... ooup.
6s, our ty,*98...reg.
6s, our'<’y ,’9 9 ..r e g .
4s, (Cher.) 1898.reg.
4s, (Ck*r.)1899 retr.

Q.-Mch.
Q .-Jn n .
Q.-Tan .
Q.- Feb.
Q .-Feb.
Q .-Feb.
Q .-F eb.
).
J.
,T. A d.
March.
March

April A pril A pril
i2.
13. | 14.

* 96*3 * 96V * G6I2* 9 6 b
111*- U114
a n
•111
1125a M 12% 112V *112%
*12 1% *12438 *124*4 *124V
12438 124 38 *124 V 1213s
*114 *114 *114 *114
*114 *114
1143a *114
*1C4 *104 *104 *104
*107 *107 *107 *107
*100% * lC 0 b * ie o % *100%
*100%. * ir o % *100% *1001*

£7iri
-4

R a i l r o a d s (S t e a m ).
Cm. Sand. A C.evp.. p r e f ......... .
Nash. Cnatt. 4* St. L. (quar.).......
S tr e e t R a i l w a r s .
Brooklyn (N Y ) C ity (quar ) —
Cleveland (»>.) city (quar ) ..........
Columbus <0 ) Street...................
Cons. Tract. (Pi ttb.. Pa ) p re f...
J. C -ilttiifliM H.
Mutual Fuel Gas. Chic. (quar.)..
Railway Equipment o f M iaa----Henry R. Worthington, pref.......

Surplus reserve

741

THE CHRONICLE.

A p r il 17, 18W7.J

* S6b
111%
*112%
* 124 Aj
*'24*4
*114
*114
*104
*107%
*1(0%
*100%

A pril
16.

Q

* Thin la the p rioe bid at the m orning board, no sale was made.

United States Sub-7 reasnry.—The following table shows
the daily receipts and r ayments at the Sub-Treasurj :
Date.
A p r.10
.. 12
“ 13
“ 14
" 15
•• 16
TntAl

Receipts.
$
2.651,740
2.505.64 1
3.516,303
3,7 5.,2 13
2.134,885
3.447,439
18.007.2*21

Hat a licet.

Payments.
9
2,4 27,624
2,844.580
5,226,751
4,282,; 66
2,817,133
3,889,996

Coin.
9
131.924,518
132,086/394
131,160,037
131,078,666
131,038.589
131,027,571

*21 .488.2nO! .

Coin Cert’s. Currency.
9
1,955,671
1,788,646
1,96.^,276
1,^44,715
1,947,0^2
2,002,470

9
6°,830,51 2
68,496,722
67,532,001
67, L-6,980
€6,462,472
65,975,515

______

Coins.—Following are the current quotations in gold fc*
coins:
Sovereigns...........$4 87
N apoleons........... 3 86
X X Retohm aris. 4 76
25 Pesetas........... 4 77
Span. D oubloons.15 55
M et. D ou bloon s.15 50
Fine gold b a r s ... par

® $4 90
® 3 89
® 4 80
a 4 81
* 1 5 75
® 15 75
® b prem.

Fine silver b a rs ... — 62 3 —62ts
F ive fran os........... — 93 ® — 95 b
M exioan d ollars.. - 48 V a — 4 9 is
Peruvian s o ls ..... — 4 3 V ® — 45
EngllBh s ilv e r .... 4 84 ® 4 88
U. 8. trade dollars — 6 5 ® - 7 5

State and R ailroad Bonds.—Sales of State bonds at the
Board are li mited to §15,000 Virginia 6s deferred trust receipts,
stamped, at 5.
In the railway bond market the volume of business has
been limited, but prices were me re steady tl an in the maiket
for stocks, as the deoiines in some issues are offset by ad­
vances in others. Prominent bond houses report a steady
investment demand for high-grade bonds with few offering.
The most notable changes are in Oregon Short Line & Utah
Northern and Wise nsin Central, which advanced 1% per
oent each, Chicago & Northern Pacific advanced 1 per cent,
while Atchison adjustment 4s and Northern Pacifio general
lien 3s show a decline of 1% per cent and 1% per cent re­
spectively. The aotive list includes the Atchison, Canada
South., Chesapeake & Ohio, Burlington & Quincy, Chicago &
Northern Pacific, Rock Island, Erie, Lake Shore, Louisville
& Nashville, Milwaukee & St. Paul, Missouri, Kansas &
Texas, New York Central, Northern Pacific, Oregon Short
Line & Utah Northern, Reading, St. Joseph & Grand Island,
St. Louis & Iron Mountain, St. Paul Minn. & Manitoba,
Southern Railway, Texas & Paoifis, Union Pacific, Wabash,
West Shore, Wisconsin Central, Brooklyn Elevated and
Union Elevated bonds.
Railroad and Miscellaneous Stocks.—The stock market
has been somewhat irregular, but generally dull and neavy,
with the trading largely profi ssional. American securities
were freely offered in the foreign markets on 3 hursday as a
result of the Eastern news. Under these conditions a con­
siderable proportion of the active list has declined, Louisville
& Nashville closing at the lowest point o f the year. New
York Central has been prominent for activity and had ad­
vanced 1% per cent within the week, when the refunding
scheme wts announced, since which there has been some
profit taking and a decline of 2 points. The effect of the
announcement seems to have been fudy discounted, as New
York Central advanced about 10 per cent after the Lake
Shore refunding plan was made public and a similar ; lan for
New York Central was talked of. The other Vanderbilt
stocks have followed the course of the market. North West,
and Omaha have etch fractionally declined, and O. C. C. &
St. Louis has lost 1 point. The grangers and some of the coal
stocks have been relatively strong. Burlington & Quincy
closes without change and Central of New Jersey had gained
2% points ou Wednesday, when it sold at 79%. Northern
Pacific pri ferred has 1( st a part of its recent advance, closing
1% points below our last quotations.
The miscellaneous list shows the effects of speculative
manipulation. Chicago Gas has been the most active ; itfluctuated over a range of 3 points and closes without change.
American Tobacco, American Sugar and 3'enn. Coal, Iron &
Railway have declined 2%, 2% and 2% points respectively.

»42

I'HR CHRONICLE.

[V o l . L x n .

NEW YOU K STOCK EX ('ll ANOE—ACT1VE 8TOCKS fo r ireek ending APRIL 10, and since JAN. 1, 1897.
HIGH EST AND LOWEST PRICES.
~»tur,l»y.

Miuidav,
Apr. I

Tuesday,
A pr. 13.

10%: 10

Wednesday, I Thursday,
A pr. 1*. 1 Apr. 15.

62
63%
58% 58%
*138 145
29
29
30%

Chicago R ook Island APaoitto
Chicago St. Paul Minn. A Om.
„
Do
pr6f.
Cleve^Oincln. Ohio. A St. L ...

12%
21
50
*7%
78
9
16%
109
71%
50
98
72%
132%
104%
156
82%
59
140
29%

12%
*19
•49
§48%
77%
*7%
16%
162
70%
*40
•95
72%
132%
104%
02%
58%
138
29%

63%
62%
59% 58%
145 *-----29%
30

43%

3%

•3%

480

SO

10

IS*

18%

19%)

10 %
10 %

10%
19%
%
13%
21
50

59%

3%

2%

3%

102% 103% 102% 104% 103% 105
150 151 ,4150% 150%
150% 132
•9%
10 %
*37% 33% •37% 38% *37% 38%
*12%
13
*12%
13
*12%
13
30
. . . . . . *....... §23% 28% *29
*17
19
19
*25
*23
31
30
*23
31
119 123 *119 123 *119 123
92
92%
92
$93
93
92
6Hi
-6
*5%
6*3
0%
*5%
420% 20%
420% 20%
13% 13%
-13% 14%
62% 62% *62
61 j
62% 62%
4161% 164% 5164% 1 6 i% 166 106 *195 166%
*41
48 1 *41
48 1 -41
48 i *41
48
45% 45% 45% 40%: 45% 46%*
45%' 46
84% 85 , 83%
84% 83% 84%
84% 85%
.1 0 4 •.........103% 4103% 103% *102% 103
498
98
18%' -17
18% -17
18%
*17
18% ■17
77% •76
78 | *76
78
7 7 | -75
*75
47% *45
47
47 , ‘ 45
■45
*45
47
11% 11
11% 11 % 11
11 % ' * 10 % 1 1 %
27%: 20% 27%
26% 27 I 27
27
27%
14% 1 5 V 15
15% 415% 15%
15% 16%
21 | *19
21
21 | ‘ 19
*19
21 I U 9

103
•150%
'9 %
*37
§12%
29

104%
152
10%
39%
12is
29

*23
*119
92
6
*20
'13%
*02
165
*41
43%
84%
*101%

30
123
92
6
25
14%
64
165%
48
45%
85
103

*17
*76
*45
11
26%
15
*19

18%
78
47
11
27
15
21

•3%

3%

3%

3%

* ......
37
i*.. 37 ! ’ ......... 37 * .........
9.9% 101% 100%
100 100%
99% 100%
12 12
*12
•11%
13 *11% 13
*67%
70 *65
72
*67% 71
*67%
*27
29% *28
*23%
30 . *28
30
170 173 14172
*170
173 -170 173
13% 13%
13%
13% 13% 13% 13%
-7%
7%
7%
7%'
7%
7%
7%
22 j 20
*22% 23% 22
21 % ; *21
•9% 10 % !
*10 11%' *9% 11
*24% 26 i 24% 25 % ! 524
24 !
12% 1 2 % : '12%
12% 13
12% 13%
35
35%
35% 30%
35%
35% 36%
*10
18
20 | *10
*10
18 , *10
43
■40
44 I 41%
*41
*41
43
19% 20
18%
18% 19%' 17% 19%
38% 41% 40%
41
41 ! 39% 40%
23% 24% 22 % 23% 24
24% 25%
13% * 1 1 % 13% * 11%
* 1 1 % 13% * 11%
50
*48
*47
•47
49% *47
50

r

37 * ____ 37
101%
99% 100%
12
13
12
72
67% 67%
29% §2?
29
172% ‘ 171 178
13% *13% 13V
*7%
7%
22
*20% 22
9%
•9% 10%
24 §23% 23%
12%
11% 12%
34
35%
35%
*10
20
20
43
41% *42
19%
18% 18%
41%
40
40%
24% §23% 24%
13% '11% 13%
50
-46
50

*117% 118% -117

118%,*117% 118% *117% 119

*4%
4%
*4
38
38 | 38
13
13%
13
•2%
*2%
3
*5%
•5%
6%
*19
23
•IS
‘ 80
'i i 5
iii
*116
14% u » * : 11%
7%
7L
7%
26
W
25%
*8
8%
8
4%
6%
5%
*1%
1%
1%
*5%
8%:
5
12*9 12H .11%
1
I 5
*3%
1 | 13%
*1%
!%■ ? i%

4%
33
13
3
6%
23
87 \
118
141%
8 |
25V
8 f
5%
1%'
5 |
12%
1 j
3%
i% ;

‘ 117%
*56
*4%
38
12
*2%
*6
*18
*80
X ll 5
14

118%
60
4%
38
13
3
7
23
87
115
14

••!#%■ !! % ' ; io %

i0%|
r.7%
11% I 2 h
#2
32
31% 31%
11*$% 114 i 113% 114*3
|S03% 103% : i m n 103 <
105% 1 0 f . $107** 107%
fll.%
i
le t
tm i
*M H 31%i[
29%
%
91 - 4 f*SV!
* t%
4%:

8 1 4 03% :
16#% 100 1
S$>% 31%
22% 22%>
*91
91%
*3% 4%f
. Ss3t* m* 1=4
tIS€ I DO ?
in®
*61% 62% *62
0%
0%;
001 6 % :
24
24
54% US ’ 54% m l
W
15% 15%
les-% 65%
6-1% 65 1
91% 01 %! 00% 82

1

* i w ? are bid and aekM ] no rale made.

§ Lena than 100 shares,

Columbus H ooking VaL * T o i
_ , Do
p ref.
D elaw are A H u d s o n ..... . ___
DelawareLackawanna&W est
D enver A R io G ran d e........... .
Do
p ref
E r ie .................................. .......
Do
is * pref.
Do
2d nref
Evansville A Terre H a u te.. '
Great Northern, pref
U lin olsO en tra l.............
Iow a C entral....... .
Do
.............
p ref.
Lake Erie & Western

H
o

Sales o f
Range fo r year 1897.
^the
[On basis o f /ao-share lots. I
S h a res.!

*77%
8%
17
170
72%
50
98
73
132%
104%

10% 1 0 %
18% 19%

*13
33%; 12%
*19
21
*W
50 }
*4$
47% 47% ! 47
76% 77 % 78%
*'$
9 ; *8
16% 16% 16%
•162 170 1169
70% 71% 70%
•40
50 1 *40
•95
93
•«5
72%
72% 72%
.
•132 133 |132
104% 104% 101%
................... 4156
62% 83% 62%
58%
58% 59
•138 145 j 140
20% 29% 28%

U‘ %

STOCKS.
A c tiv e U R . s to c k * .
A tchison Topeka & Santa Fe.
Do
p rel.
Atlantia & P a o lflo ......... .
Baltimore A Ohio.
B rooklyn Rapid Transit
Canadian Paeillo...........
Ganada Southern............
Central o f New Jersey ...
Central P a c in o ..............
Chesapeake & O hio.......
Chloago A A lto n ......................
Chicago B urlington & Quincy
Chicago & Eastern Illin ois. ..
„ ,
1)0
p re f.
Chicago M ilwaukee & St. Paul
,,,,
Do
pret.
Chioajro A Northw estern___

10
18%
*........
13
13
13% 13%
*19%
21
•19% 21
*40% 50% *49
50
48% *47
•18
78% 79% xTCV
79%
'7 %
•7%
8%
8%
17
17%
17% 17
*162
170 ,1 6 2 170
71%
72% 71% 72%
■40
50
*40
50
98 | ’ 95
98
*95
73a, 72% 731
72%
132% *131% 1321 §132%
103%
105% 101% 105

10 % 10%

Friday,
A pr. 16.

Lake Shore A Mich. Southern
L ong Island...................
Louisville A N a s h v i l le . ..." "
Manhattan E levated, oon soL .
M etropolitan T raction...........
M ichigan Central...............
M inneapolis A St. Louis. . . . I
Do
ls t p r e l.
Do
2d prel.
Missouri Kansas A T exas___
Do
pref
Missouri Paolflo...............
M obile A Ohio____ _
Nashv.Chattanooga&St.LouJs
New E ngland................
New Y ork C entral A Hudson
New YorkOhioago A St. Louis
Do
1st p ref.

5,120
17,297

L ow est

|

H ig h est

I

9% Mar. 29 12% Mar. 3
18% Mar. 29 25% Jan. 30
% A pr. 7!
% Jan. 14
945 12% A pr. 7 18 Jan. 8
18% Jan. 7 21% Feb. 11
40% Mar. 2 9 1 56 Jan, 8
515 14% J an. 13 51% Mar. 17
39,772 70% A pr. 5 103% Jan. 19
8% Mar. lfl! 15 Jan. 5
2,930 15% Mar. 29 18% Mar. 15
2 5102 Feb. 15 >170 Mar. 1
57,055 69% Jam 5 78% Mar. 18
45 Mar, 13 45 Mar. 13
§95 Jan, 8 ,(9 8 % Feb. 3
41,489 71% Mar. 29, 78% Mar. 15
311 131 Jan. 8 138% Mar. 18
6,025 102% Jan. 2 110% Mar. 17
107 153 Jau. 12 155 Feb. 20
13,796 60% Mar. 29 70 Jan. 16
10,590 47 Jan. 2 64% Mar. 17
1 1 0 133% Jau. 18 143 Mar. 29
2,710 20% Feb. 16 33% Mar. 17
12 73 Jau. 4 77 Mar. 25
1,770
2% A pr. 15 18 Jan. 8
40 Jan. 21 46 Jan. 21
8,695 99% A pr. 1 121% Jan. 6
2,552 149% Aim. 6 157% Jan. 18
10% Feb. 26! 12% Jan. 19
37% Mar. 24 43% Feb. 1
70 12% Mar. 24 15% Jail. 18
116 27% Mar. 29 35% Jan. 18
18 Mar. 29! 21 Jan. 15
§24% Feb. 13 §24% F eb. 13
188 120 Jan. 16 122 Feb. 5
09* 92 A pr. 12 96% Mar. 16
100
6 A pr. 15
8 Jan. 18
74 24% Mar. 18 27% Jan. 20
450 13% Apr. 12 18% Jan. 18
210 58% Apr. 1 70% Jam 20
525 152 Jan. 2 172 Mar. 1
41 A pr. 2 55 Jam 8
18,435 43% A pr. 15 52% Jan. 19
9,537 33 Mar. 9 93 Mar. 2
25 103% Apr, 1 110% Jam 5
90 Jan. 28 100 Mar. 15
17 Mar. 26 19% Jam 29
77% Mar. 18 79% Jan. 18
46 Feb. 26 48% afar. 18
800 11 A pr. 12 14% Jan. 18
2,602 25% Mar. 29 32% Mar. 18
3,007 14% Mar, 29 24% Jam 18
20 Mar. 26 22% Jam 12
§70 Jan. 25 §70 Jan. 25
544 Mar. 18 §44 Mar. 18
35,227 92% Feb. 18 102 Mar. 22
300 11 Feb. 11 14% Mar. 15
100 67% A pr. 15 75 Mar. 17
15 24 Feb. 10 34% Mar. 17
148 160 Feb. 2 §178 Jau. 4
1,010 13% Apr. 12 15% Jam 18
200
9% Jam 18
7 Apr. 1
1,150 20 Apr. 13 26% Jam 18
4 12 A pr. 1 14% Mar. 11
141 25 A pr, 1 28% Mar. 4
4,871 11% Mar. 29 16% Feb. 1
17,667 32% Jam 5 38% Fob. 24
§15 Jam 15 §17% Jam 18
104 37% Jau. 8 45% Feb. 3
79,113 17% Apr. 13 28% Jam 18
15,951 138% Apr. 13 42% A pr. 8
7,428 I 22% Apr. 13 25% Apr. 9
11% Mar. 29 14 Jam 21
49% Mar. 26 50 Feb. 1

New York New Havemfe l la r t
New York Ontario A Western.
New Y orkSusq. A West., new.
Do
pret.
Norfolk A W estern ....... .
Do
p ref
Nor. Paolflo R y.votin g tr.ctfs.
Do
pref.
Or. R R .& N a v .C o.v ot. tr.ctfs.
D o pref., v o t trust.otfs.
Phila. A Heading all Inst. p d .
1st pref., votin g tr. eertifs,
2d prof., voting tr. eertlfs.
PittsburgOlnn. Ohio. A St. L.
Do
pref.
R io Grande W estern______ . . .
Rom e W atertow n A Ogden sb.
§116 Mar. 8 §119 Jan.
S t L ouis A lt. A T. H.,tr.reots
5% Feb
St. L. & San F r., vot. tr. otfa.
4% Mar. 29
500, 37 Jam 29 40% Mar.
Do
1st pref.
600 12 Apr. 15 16 Feb.
Do
2d pref.
100 1 Apr. 1 4% .Tam
St. L ouis Southwestern...........
100
3% Apr. 1 11% Jam
Do
p ret
8t. Paul A D u lu th .. . . . _______
20 Jam 4 22% Jam
§85 Mar. 12 6 87 Feb.
Do
p ret
St. Paul Minn. A M an itoba ...
110 114 Jam 28,118 Mar.
Southern Paolflo C o..................
1,200 13% Jam 13, 15% Jam
Southern,voting trust, oertlf1,640
7% Apr. 15 10 Jam
D o p r e t .v otin g trust, oert.
3,656 24% Mar. 21) 29% Jam
650
8 Apr. 1 10% Jam
T exas A P aolflo.........................
Union Paolflo trust r eceip ts..
3.095
4% Apr. 12 10 Jam
IJulon Paolflo D enver A G u lf.
100
1% Apr, 2
°2% Jan.
7% Jam
W abash.......................................
420
4% Mar. 29
17%
Jam
4,440 11% A p r. 13
Do
p re t
6% Jam
W heeling A Lake E r ie ..........
2,040
% A p r. 12
29
Jau.
2%
A
pr.
15
942
Do
p ret
3% Jan.
1% Mar. 31
Wise. Oen. Co., votin g tr. otts
125
n in c e lla n o o « » s to ck * .
208 10% A pr. 8 11% Jan.
American Cotton Oil C o.........
800 52% Feb. 16 58 Mar.
Do
p ret
A m erican Spirits M fg. C o___
3.095 10 Mar. 29 1 4 % .Tan
1,680 26 Jan. 5 34% M ar.
Do
pref.
Am erican Sugar Reflnlng Co. 134,118 109% Mar. 29 118% Mar.
Do
p re t
477 100% .Tam 7 105% Mar.
6,779 07% Feb. 15 79% Jan.
American T obacco C o......... .
100 Fob. 1 1 108 Mar.
Do
pref.
0,700
8 Apr. 15 13% Jam
Bay State G a s ..........................
A pr.
OhicagoGae Co., oerts. o f dap. 162,801 73% Jan. 5 84%
2 ....
2,017 ----- *
Consolidated Gas C om p an y..
6,075 30% A pr. 12 36% Feb,
General Electric Oo.................
738 21% Feb. 16 28% ■Jan.
National Lead C o....................
470 88% Feb. 13 92 Feb.
Do
pref.
250 3 V Apr. 15 5 Jan.
North Arnetieau C o.................
2,555 24 Jan. y 27% Mar.
Paoific M all...............................
Pine Line Oertifloatea.............
746 152 Jan, 2 163 Mar.
Pullman Pal ace Car Company
62 Mar. 29 05% Jan.
Silver B ullion Certificates___
6% Mar. 29 11% Jan.
Standard R ope A T w in e.........
"7 6 0
TennesBfie Coal Iron A H R ... 19,215 21% Apr. 13 31 Jan.
100 6% Apr. 13 9% Jan.
United States Leather Co.......
Do
pref. 10,514 53 V Apr. a 04 J am
1,2 00 13 Mar. 20 25% Jan.
U nited States Rubber C o.......
1,168 61 Mar. 29 76V Jan.
Do
pref.
Western U nion Telegraph. — 11,085 70% Apr. 3 86% Mar.
f Range dates from listing o n E xchange, A r llg .

f

18
4
4
3
18
18
13
3
3
18
10
19
18
5
6
16
18
2
5
6
16
9
9
15
3
15
14
12
6
13
8
2
19
23
18
18
3
27
19
18
19
19
19
5
10

THE CHRONICLE,

APbIL 17 18W7. t

748

NlitV YORK STOCK ISXCHA.NGE CRECES (Coiitinueil)—INACTIVE STOCKS,
I n active Sto ck s .
5 Indicates unlisted.

A pril 15.
Bid.

Ash.

Range (sales) in 1897.
Lowest.

H a tlr o s d S to ck a .
A lbany & Susquehanna....... .

___ 170 Feb.
100 175
100
S
9
10%
22*6 Apr.
Preferred............................. - 100 122%
102
100
102
105
Mar.
Boston & N. Y. A ir Idne pref.
16% 2o
Buffalo Rochester A P ittsbu rg .100
2 0 4 Jan.
10c
56
55 Feb.
70 Feb.
75
68
B url ndar Rapids & Nor....... 100
5
6
4
40 Feb.
40
50
Lorain A Wheel, p re f.— 100
C ieve and & P ittsbu rg............. 50 162 170 166 Feb.
*7
7
.100
56
80
35g Feb.
2
Duluth lo. 8hore * A tlantio H.100
8 Jau.
9
.100
5H
..5 0
43
39*« Jan.
37
____
10 Mar.
Flint A Pere M arquette..........- .100
30 Mar.
40
...
25
C reen Bay & W estern............ 10(1
50
35
4
4
5
100
6
4
7
100
4
2
2
14
12
12 Mar.
P referred.................................. .100
35
32 Feb.
25
Keokuk A W estern................. .100
10(1
id
100
8
.100
1% Mar.
1
M exioau National tr. o t fs .......
1^
50 162 166 163% Feb.
50 304 310 295 Feb.
119
100
12
Or. Sh.Line A U.N.wheo issued .100
11
1U78 Mar.
Mar.
1
t>*oria Decatur A E vansville. .100
H
3% Feb.
a 00
3
8
a
00
162
Apr.
162
170
Pitts. P t W. & Ohio, guar.......
; i 30*4 182 180
100
30
38*4 40 Feb.
.100
15
25
50
75
. ...
Preferred.................................. .100
' So price Friday

latest price tills week*

27
105
20)4
55
72

Jan.
Jan.
Jan.
Feb.
Feb.

40)4 Mar.
168)4 Jan.
S3* Feb.
35g Feb.
8 Jan.
40*4 Jan.
1 114 Mar.
37 Jan.

6

Feb.

2.8)4 Jan.
32 F»-b.

1 °e Jan.
167 Jan.
300 Mar.
122 Mar.
12)4 Mar.
2)« Jan.
314 Feb.
169% Mar.
40)4 Feb.
—

j A nril 15.

I n active Stocks .
J Indicates unlisted.

Highest.
177)4 Apr.

(% IncUouccs actual sales.j

m is c e lla n e o u s S to ck s .
Adam s E x press.......................... HO
American Bank Note Co H ___
Am erican Coal.................
. . 25
Am erican E xpress.............
lu o
Amer. Telegraph A Cable. . . . .100
100
Brunswick C o m p a n y ............. 100
Colorado Coal & Iron D e v el.. .100
Colorado Fuel A Ir o n .............. .100
.100
Col. A H ook. Coal tr.rcts.allpd. 100
Commercial C able.....................
Consol. Coal o f M aryland....... .100
Detroit Gas................................. .100
Edison Eleo. 111. o f N. Y ..........
Edison Eleo. 111. o f B rooklyn . .100
Erie Telegraph d: Telephone . .100
Illinois S teel............................... .100
.100
.100
.100
P referred .................................. .100
Maryland Coal, p re f................. .101)
.100
.100
.100
National Linseed Oil C o........... .100
.100
.100
.100
Pennsylvania C oal.................... . 50
Quicksilver M ining................... .100
.100
Standard Ga9, pref.1T .............. 100
.100
.100
.100
W ells Farvo E x p r e s s .............. .100

Range (sales) in 1897.

Ask.

Bid.

Lowest.

\148 148)4 147% Feb.
43
100 115 125 Jan.
,1114
109% Jan.
!«8
85% Jan.
1103%
% Jan.
%
103 Feb.
% Jan.
38
%
17 Mar.
I6I4 18
87
3ia
3% Mar.
5
150
36
35 Feb.
40
20 Jan.
105 106% 101% Jan.
97 Feb.
101 103
63% Apr.
;33
30 Feb.
35
J23
72
40
139)4
10
4
8)4
325
1%
113
140
100

Highest.
Jan.

155

125 Jan.
113 Mar.
9 1 H Jan.
% Jan.
1
27
75
4%

Jan.
Jan.
Feb.
Mar.

37%
25
107
103
67
42

Jan.
Jan.
Mar.
Mar.
Jan.
Jan.

76
60

70% Mar.

25
78

12%
6
6
10

12

12
52
52
15
5
5

Mar.

Mar.
__

340 Mar. 340
1%
2Q
158 Apr.
11%
10
108
102
Jan.
115
70
6
37 Feb.
40
102
97
Jan.
103

Feb.
Feb.
Jan.

Mar,
Jan.
Jan.
Feb.

Mar.

1 A ctual sales.

NEW YORK STOCK EXCHANGE PRICES.—STATE BONDS A PR IL 1 5 .
SECURITIES.
A labam a—Class A, 4 to 5 — 1906
C lass B, 5s.............................. 1906
Class C, 4s.............................. 1906
C urrency funding 4s............1920
Ark ansas—6s,fu n d,H oi.1899-1900

New consols. 4 s .................... 1914

Bid.

Ask.

106%
104
100 101
100

95%

SECURITIES.

Ask.

SECURITIES.
Tennessee—6s, o ld .........1892-1898

New bonds, J & J .........1892-1898

Do
New series.... 1914
Com prom ise, 3-4-5-68.......... 1912

\Capital] SurpVs\ Loans. \Specie.

Bank of New York. $2,000,0 $1,894,3 $12,620,0 $2,100,0
Manhattan Co........
2.050.0 2,103,1! 14,210,0, 2.031.0
Merchants’ ............
2 , 000 ,0 1,016,5! 11,638,4 2.317.4
Mechanics’ ...........
2.000.
0 2,059/2,
9.091.0 1.154.0
Am erica................
1.500.0 2,479,3 18.402.0 2.431.5
Phenix .................
359.1
1.000.
0 ------291.0
3.879.0
1, 000,0 3,608,7! 21.801.1 0,985,7
C ity........................
Tradesmen’ s.........
750,0
219.1
96,6 2.432.4
Chemical...............
300.0 7.339.0 24.326.0 4.340.6
Merchants’ Exch’ge
600.0
851,8
169,81 4.480.4
Gallatin .................. 1,000,0 1,689,7; 6.029.1
818,0
Batchers' A Drov’ ra’ ; 300,0
161.3
181.7 1.292.8
Me hanica’ A Trad’s
230.0
224.8
400.01
1.980.0
165,5,
Greenwich............... !
105.7
2 0 0 ,0 !
938,0
Leather Manufac’rB.; 600,0!
337.2
472.5 3.133.7
Seventh....................
255.8
1.025.9
94,0
300,0!
State of New York.! 1, 200,0
525,31 3.080.7
159.3
American Exchange 6,000,0 2,587,8! 22.977.0 2.038.0
Commerce................ J 5.000. 3,657,5'
23.332.1 2,704,9
0
Broadway................. 1.000. 1,577,1!
5.707.4
718.8
0
Mercantile............... 1 , 000,01
063.3
982,o; 8.085.7
432.0
Pacltic...................... I 422,7| 490.4 2.435.5
848.6 12.300.4 2.328.5
Repnbllc.................. 1,500,0!
975.4 i 0,142,2
Chatham......... ........
450,0!
687.1
257.0
238,41 1.799.7
200 , 0 !
Peoples’..................
North America......
582.1
700,0,
0,282,0 1.112,3,
Hanover.................
1,000,0 2,044,8 17.091.5 5,449,9!
273,4!
Irving.....................
500.01 347.6 2.907.0
394.1
512,7;
2.577.8
600,0'
Citizens’ .................
282.4 2.533.6
Nassau....................
192,3!
500.0
Market A Fallon..
900,0; 963.0 5,805,5 043.01
431.4
Shoe A Leather...... 1.000.
3.451.4
115.4
0
Corn Exchange....... 1.000. 1.243.0
7.908.5 1.372.6
0
4.970.4
648.0
200.1
Continental............ 1 1 , 000,01
139.0
Oriental....................
1.730.0
394,2
300.0!
Importers’ A Trail’rs 1,500.0 5,555,5 24,747,0; 3.192.0
Park.......................... 2,000,0; 3,202,6 25,111,8 8.232.0
157.7
1.230.0
East River...............
138,8
250.0
Fourth...................... 3.200.0 2,040,8 20.136.2 3.128.1
7.504.0 1.278.0
Central..................... 1,000,0
500.3
850.0
Second ....................
670.7 4.761.0
300.0
376.8
Ninth........................
290.1 3.010.0
750.0
500.0 7,028,7 23.996.6 3.081.3
First.........................
Third. ...............
. 1, 0 0 0 ,0
244.8 8.718.1 1.545.1
146.9
N. Y.NaVl Exch’ge.
300.0
75,0 1.374.7
441.0
B ow ery....................
598.8 2.951.0
250.0
036.5
New York County..
426.3 2.652.1
200.0
244.3
750.0
German American..
280.4 2.697.8
Chase......................
500.0 1,481,1 14.265.3 4,342,8
Fifth Avenue.. ......
7.402.8 1.171.3
100.0 1,108.3
244.7
German Exchange..
550.2 2.346.2
200,0
545.1
2.909.6
Germania................
200,0
688,6
062.9
United States.........
699.2 0,223,4
500.0
908.3
L in coln .................. .
609.5 5.694.9
300.0
Garfield.................. .
857.1
200.0
725.3 4.026.8
219.9
1.598.5
F ifth ....................... .
300.5
200,0
830.0
Bank of the Metrop
300,01 820,0 4.729.9
213.0
2.336.0
West, Side................
200,0
820,1
805.0
5.038.0
Seaboard..................
600,0
285.1
185.0
S ixth ........................
1.084.0
200,0
339.1
854.5
Western ................. 2.100.0
451,0 12,038,2
907.0
Fir st Nat. Bfklyn...
300.0
930.3 6.416.0
N at. Union Bank ... 1, 200,0
074.6 10,552,5 1,607,0
255.0
Liberty Nat. Bank..
500.0 j 248.6 2.460.0
548.7
353.9 4.008.2
N. Y.Prod.Exch’ge. 1,000,0
Tnlil

L tgals. Deposits.
$1,700.0 $12,720,0
2.857.0 10.705.0
2.024.0 14.508.8
1.733.0 8.585.0
4.268.1 22.315.2
705.0 3.500.0
8.119.6 31.972.0
289.2 2.194.0
3.227.8 24.101.0
634.1
5.207.1
1.433.0 5,301,4
110.9 1.194.1
275.0 2.015.0
217,4
912,0
1.019.9 3.390.3
305.6 2.020.7
701.3 2.572.6
4.917.0 19.950.0
2.871.7 17.884.8
575.1 5.099.0
1.980.2 8.679.4
663/2 2.920.0
1,366/2 13.561.0
1.139.8 6.320.3
407.3 2.420.6
1/228,5 7.211.8
2.722.7 22.528.3
4 73,1 2.921.0
240.4
2.817.1
3.121.2
557.1
967.9 5.915.0
609.8 3.685.8
1.072.0 9.402.9
901.9 5.837.9
1.690.4
374.6
3.543.0 25.500.0
5,195/2 34.119.6
198.4
1.190.0
5.895.0 24.082.7
1.386.0 8.981.0
999.0 5.814.0
677.6 4.030.0
2.027.1 22.991,5
2.410.7 11.377.7
1.287.1
193.1
282,0 3.001.0
318/2 3.337.4
400.5 2.490.0
7,157/2 23.750.3
1.198.3 8.611.3
009.9 2.907.4
387/2 3.833.2
098.2 6.701.3
1.817.9 7.221.0
712,8 4.920.4
1.954.0
471.2
899.7 6,002,3
484.0 2.534.0
2,474,0 8.189.0
249.0 1.481.0
4.039.8 14.206.4
809.8 5.838.0
1.902.4 11.042.7
081,7 2.745.1
340.5 3.539.9

Bid.

Ask.

78

80

Do
4% e...................... 1913
Penitentiary 4% s.................. 1913
Virginia funded debt, 2-3s___1991
6s, deferred t’st ree’ts, stamped.

102
6 s........................................... 1919 122
South Carolina—4%s, 20-40.. 1933 105
6s, non-fund...........................1888

New York City Bank Statement for the week ending
April 10, 1897. TFe omit two ciphers (0 0 ) in all cases.
B anks
(00s omitted.)

Bid.

Missouri—Fund..............1894-1895

64%
5

6

New York City, Boston and Philadelphia Banks:
Capital &

Deposits.-) Oirc’Vn

N. Y ."
Mar. 20.. 133.853.4 506,370,0 85,534,2
27.. 133.720.5 504,478,2 85.996,9
Apr. 3.. 133.720.5 502,732,7 85,988,3
" 10.. 133.720.5 502,512,6 85,808,4
B o m .*

Mar. 27.
Apr. 3..

“ 10..

$

106.210.9
105,829,0
103.984.9
101,780,8

69.351.8 178,097,Oi 10,388,0

$
574.328.5
571,723,0
509.220.5
505.910.6

$
15,952,9
15.820.8
15.701.8
15,589,2

556.865.1
500,924,8
568.838.1
501,073,3

7,581,0 102.283.0 9.383.0 85,142,0
9.361.0 99.258.9
9.393.0 96.760.9

09.351.8 178,413,0j 10.123.0 0,804,0 102.392.0
69,351,8i 177,114,0 10,022,01 7,250,0 165.430.0

Phi la . •
Mar. 27.. 35.203.0 107,220,0!
38.710.0
116.408.0 6.910.0 52,915,2
Apr. 3.. 35.203.0 108,207,0,
38.135.0
117.153.0 0,980,0 64,109,5
118.210.0 6.938.0 57,589,9
10 .. 35.263.0 108,638.01
38.398.0
* We O'rtit t wo ciphers in all these ftoures.
+ Including for Boston and Philadelphia the item “ due to other banks” .

Miscellaneous and Unlisted Bonds:
M isc e lla n e o u s B onds.
M isce lla n e o u s B onds.
Gli. Jun. & 8. Yds.—Col.t.g.,5s ♦107 b. Jeff. A clear. C. A I. 1st g. 5s -100 b
2d g. 5s ............................... * 77 ^b
Colorado C. A 1 .1st cons. 6a,g. 92 b.
Colorado Fael A I.—Gen. 5s * 81 a. Manliat. Beach H. A L. g. 4s.
Metropol. Tel. A Tel. 1st 5s..
Col. AJHock. Coal. A I.—6s,^.
90*8b Mich.-Pemn. Car 1st 5s........
Cons.Gas Co.,Chic.—let gu
82 b. Mutual Ui ion Teleg.—6s, g..
De Bardeleben C. & I .—g. da
73 %b. Nat. Starch Mfg. 1st 6s....... 100 b.
Det. Gas con. 1st 5.................
Edison Elec. IU. Co.—1st 5s.. I l l b. N. Y A N. J. 1elep. gen. 5s..
Do of Bklyn., 1st 5 h.. 109 b Northwestern Telegraph—7s
People’s Gas A 0. ( 1st g. 0s.
Equit. G.-L , N. Y.,cons.g. 5s.
Co., Chicago...... ) 2d g. Gs. 108 a.
Equitable G. A F.—1st 0s__ 100 b
1st coos. g. 6s..................... 103 a.
ErieTeleg. A Telep. 5s, g... 101 b
Galveston Wharf Co.—1st 5s 100 b South Yuba Water—Con. 6s.
Standard Rope A T.—Iuc. 5b. 18 b.
Henderson Bridge—1st g. 0s.
Sunday Creek Coal 1st g. 6a.
Illinois Steel dob. 5s............
Non-conv. deb. 5s.............. * 07 b. Western Unl<m Teleg.—7 s ... 107*341)
Wheel. L.E. A Pitts.Coal lat5a
Int. Cond. A Ins. deb. 6s__
........
N ote —“ 6” indicates price old; “ a” price asked. * Latest price this week.

Bank Stock List—Latest prices. (fNew stock. *Not Listed.
BANKS.

Bid.

America....... 335
Am. E xch... 173
Astor Place* 230
Bowery*...... 300
Broadway__ 230
Batch. ADr.. 125
Central+... . 100
Chase.......... 400
Chatham...... 290
Chemical___ 4000
City.............. 500
Citizens’ ...... 125
Columbia__ 170
Commerce... 200
Continental. 133
Corn Exch... 285
East River.. 135
11th W ard..
Fifth A v e .... 3000
Fifth*.......... 250
First............ 3000
First N., S. I. 120
14th 8treet..
Fourth......... 178
Gallatin...... 310
G n n Hfivnnpt.

Ask.

BANKS.

Garfield----German Am.
177
German Ex.*
Germania—
Greenwich...
250
Hanover......
140
Hide A L .*..
170
Had. River..
im .ATrad’rs
300
4500 ;Irving..........
Leather Mfs’
140
Liberty*.__
Lincoln........
Manhattan...
210
140
Market A Ful
Mechanics’ .
295
M’chs’ ATrs’
Mercantile...
Merchant.’ ..
Merch’t. Ex.
Metropol’s...
Mt. Morris..
Nassau.......
186 N. Ams’dam.
330
New Yrork...
1 nr.
V Pnlnto
340

BANKS.

Bid,
500
110

340
350
165
320
85
155
525
140
170
135
750
220
200

185
125
165
140
114
425
98
150
190
230
7 on

350
90
550
155
250
240
195
135
145

120

105
170

N.Y.Nat.Ex
!Ninth..........
19th Ward..
N. America.
Oriental......
Pacific......
iPark............
,People’s......
!Phenix......
; Plaza*.........

Prod. Ex.*...
! Republic__
Seaboard—
Second ........
Seventh.
iShoeALe’th
Stateof N.Y.
Third.........
Tradesm’n’s.
!12tli Ward*.
Union.........
iUnion Sq.*..
lUn’d Stat es.
Yorkville*...
-Western......

Bid. Ask.
105

no

135

145
195
205
208

100

175
260
210

110

104
185
118
150
170
425

160

90
114
90
90

100"

100

170
90

100
200

175
175
170
114

200

i20"

744

THE
titin r u N .

e m L 4 i> « L P u i\

CHRONICLE
w »

( u ijr iK o t t g

[V ol .

stock

exch an o bs

H r S h a r e P r ic e * — o a t P e r C e n tu ra P r ic e s ,
A c tiv e S t e c k t .

Satar day,
Apr. 10.
10%

10%

19% 19%
19% 19%
212 212
*
212 4
103*3 163 Si
•»*« 10*S
58
•56
71 % 7 ,%
72%
ITil.'. NDI..V 8L P. (PAlf.).lOO
7%
7H
cai*'*»%o4i^Avoi.t-0.
so
92% 92 4
*234 23 Og
103% 103%
*3
8%
U o %i tkn O0MWI (Mmton) . 100
. . . . . . -e-r-rr
TAT--.
......
12% 12%
Northern Paalfle (P h ilo,) 100
*36
36 %
Csd coh m v . ...tB ru ton ) 100 176%
52% 5 2 4
Phil. A Evading.!
*•
50 S‘ t in 10
70% 70%
Union P»eltle...(Bn*M n).10O
54
54
10% 11
QnionTraction. . ( f'hit<*.) - 50
\<mf. j Beaton) , 100
v i f l tsr.. i P> Uii,) , 50

Am.E ug’r Refln.T ( B o s to n ),...
Bell T elephone..
Bo«L A MooUme.
Butte A Boston ;
Cate inel & H eel*

“
**
“
**

100
25
25
25

CoaeoHdated Gas
“
100
Eiec-Slor. B «fy t(P A ifa .).1 0 0
Erie Toil-phono.(Boston). 100
Grneral PJsctnc.
*•
100
Preferred.........
100
Illlnol* S t e e l___
*'
100
LamsonStoreSer.
“
50
U h l’ b C oa lA N a v.frh iia .i 50
N. E.Telepbone (Botton).lOO
Pa. B eet.I.A P o m P h ita .).......
UnUM GasImp,’
•'
50
We ebacb U g fit !
“
5
Wi $i End Laod
•Bid and ssked prices: no

113%
102%
£20
120*9
164
370

Monday,
Apr. 12

10%
10
9% 1 0 4
»•*«** . . . . . . . . . . . . . . . . . .
’ 12
65
05
054
19% 19%
19% 19"*
19% 19%
19% 19%
212 212 *211 2 1 1^
213
213 213
162% M S
162 4 162 4
•04 10 H
■94 1 0 ^
58
*56
*56
5,8
72%
71
7“ 4 7 1 4
7 2% 72 4
72% 73%
74
li’ 8 7
74
16
16
re
16
‘ 9 2 4 93
9 2 4 92 4
23% 23 4
23 4 24**
103% 10 34 . . . . . .
•8
8%
•8
8%
_____
...... ......
.. . . . . . . . . .
•714 . . . . . *_ . . . . 71%
12*9 I2L>
1 2 4 12%
3 5 4 35%
3 (4 354
177% 177% 178 17 84
5 2 4 5 2 7* 52% 5 2 4
8%
9%,
9:<,« 9>«18
70=g 7':%
7C 4 70 4
'o is
5
5%
5%
1 0 4 10%
10% 103*

113% 1 1 3 4 114%
103
1 0 2 4 102%
221 223
221
120 121
121
164
1 5 4 163*
370 •365 370
*
70
60
¥5
60
60
21
21%
2 1 4 21%
23%
•9S»i 6 1 4 •64
64 ^
30% 30%
•31
75
•73
75
*73
31
•33
•324 3 3 4
*21 4 22
*21 4 22
3 8 4 38% *38 4 39
102 102
•1014 102
14
li
144 144
___
__pir_.
71
714
40
10
‘2
24
*2
24
sale was tu ade.
Bid.

Inactive Stock*.

Tuesday,
Apr. 13.

Wednesday,
Apr. I t ,
1 0 4 10%
...... ......
’ 12*4
66
19% 20
19% 10%
•2134
162*^
*9 4
*56
72
724
7
164
92
244
103
8

113^11438
102% 102%
224 228
120*4 12514
15*9 1 5 4
•3 65 370
*
70
* ....... 60%
20% 20%

21 -t
IGZh
10-4
.58
72%
73*4
7
17
92
24%
103
8
......
. . . . . . ......
...... ......
'12** 12%
*3 5 4 3 * 4
178 8i 178*«
52% 53
H4
9 “ lfi
70% 70%
•5
54
1C 58 10®8

112*« 114^4
102% 103
223 *ii 226
120 120*8
15*4 1 5 4
370 370
60
20%

60
20%

*61% 66
634 644
30% 3 0 4
31
SI
75
*73
7 1 4 714
*327$ 337n *324 33*s
22
22
•214 22
38% 38%
*38*s 30
102 102
102 102
_____ . . . . . .
14
14
71
7114
714 714
41
40
41
41
’2
•2
24
24

Bond*.

Thursday,
Apr. la
9% 10
•%
%
14
*13
*64% 65U
1978 19%
19% 20
21 * 2114*
*212 213
161 162
•04 1 0 4
56 4 5 6 :’-*
7 1 4 72%
72 4 72%
7
18
18
92
924
2 1 4 2 1%
102 102
34
84
*18
25
*57
*58
•714 7 2 4
12
124
3 4 4 35
17 8 8i 178%
53
S3
9%
9^8
7 0 4 7C»s
5*8
54
1 0 4 10%

Friday.
Apr, 16.

(2

5

1111* 132*3
*102 102%
223 224
1191* 12 0^
1 7 4 15%
370 370
*6213 06
*5B% 60
2 0 4 20 lg
*22
2 2 1**
*63
64
!
* 3 0 4 31
|
71*5 71Ls
32% 32%
*21% 22
i
38% 39
J
*101*s 102
*13% 14
i
•
71
71%
J
41
41
J
•2
24
t Trust receipts.
Bid

Ask.

.

Sales
o f the
Week,
Shares.

B ang* o f sales In 1817.
Lowest.

2,4 67
9% Mar.
. . . . . . •15 Fete
12*4 Mar
120 5 9 4 Jit').
3,990 17 Jan.
1.720 17 4 J an.
114 209 Jan.
9 205 Jan,
96 159% Fell.
9 '4 Mar.
43 56 Mar,
6,288 69*« .late
3,300 7 ' :*« M ir.
595
t>7S Apr,
842 16 Apr.
313 SI J an,
7,3 11 2 0 4 f a t.
3SO 102 Apr.
15
7 4 .Jan.
18 Apr.
. . . . . . 57 Fob.
67 *« Jan.
1,275 1 i % Mar.
489 3 3 4 Jan.
146 1 7 6 s Jan.
1,299 51% Jan.
33,726
8% 4 pr.
1,347 66% Jan.
585
5 A pr.
7,901
S78 Jan*
15,436
III
1,001
4,833
11,028
20
205
035
112
224
1,020
45
75
139
25
57
325
331
204
._ T__

XTrust

Highest
29 12% Mar. 3
1? •37*. Jan. 13
29
13 (55 Mar. 26
l i 20% Apr. 2
7 20% Apr. 2 ’
4 2! 7 Mar. 4
2 214 A ir . T
9 U.0 J.tn. 18
29 11 Jan. 2026 58 Mur. 3
5 7**8 Mar. IS
29 7 8 4 Mar. 15
13
8 4 Feb. 5
12 2 5 4 Jan. 2 0
14 94% Mar. 15
19 3 0 7g Jan. 2
15 110% Jan, 5SigJais, 30
12
9 3 7 4 .Inn. 19
15 (> 14Jan . 7
27 72 Apr. L
29 10 43 Feb. 1
15 3* Feb. l
5 180 Mar. 1
2 f 3 4 Mar. 15
13 14 Jan. 1 »
5 74 Mar. 4
12
9 Jan. 7
5 ! 3 l1eM ar. 3

Mar. 29 1 1 8 4 Mar. 3
Jau. 6 K>54 Mar. 12
Jan. 4 228 Apr. 1 3
Jan. 2 129 Mar, 1 6
Jan. 11 20 Mar. 15
Jan. 2 31 0 Mar. 1
6 '*s Feb. 6
5 9 4 Mar. 27 6 2 4 Jan. 15
19% Apr. 8 3 1 Feb. 1
13 J an. 29
63% Apr. 1 67% Feb. 24
30% Apr. 12 36% Feb. 2
7 1 4 Apr. 11 78 Jan. 20*
SO Feb. 13 4 1 7sJ a u . 18
2 0 4 Jan. 6 23*s Feb. 1
38 Mar. 29 42 Jail. 14
101 Apr. 5 103 Jan. 26
1 3 4 Jan. 5 16 Mar. 18
71 Jan. 6 74% Feb. 3
3 8 4 Apr. 6 47 Jan. 12
2 7s Feb. 9
1% Jan. 5
reo.,all instal. paid.

1094
100%
205*4
94%
6
326

Bonds,

Price* o f A pril 15.
64
66
People's Trao. trust certs. 4S..1943
non,
117 118
Atlanta & Charlotte (Balt.) .100
Perkiom en, 1st s e r .,5 s .l9 1 8 , Q—J
B os;on & Providence (Boston) .100 S B 2 ^ 2 6 5 ‘
Phlla.& E rie gen. M. 5g.,1920, A&O
107 108
Mon-exempt 6 s._____ 1918,
le u , del. A Atlantic pt. Whtla.) 50
95
Plain 4e........................ 1910,J&J
Gen. m ort., 4 g . . . ___ 1920, A&O
98
50
CatawiNia..
Ohio. Burl.& Nor. l e t 5,1926, Ad " 104 1 0 1 4 Pkila & B ead, new 4 g., 1958, J&J
50
p referred ..........
"
61
i at; prefer
99
2d mort. 6s................. 1918, J&
99*2
1st pref. Inoome, 5 g, 1958, Feb 1
i 2d p ref. Inoome, 5 g , 1958, Feb. 1
Centra! O hio............... (Balt.) 50
so
25
Dehenture 6s.............. 1896, J&
10
Chicago & We8tMleh.(Bo*ton) 100
94
95
5
Ohio. Burl,& Q nlnoy4s 1922, FA
3d pref. Inoome, 5 g , 19 58,Feb. 1
100 147 148
Connecticut A Paaa..
*'
98 too
Iow a Division 4 s....... 1919, Ad
2d, 5s............................ 1933, A&O
1001 245 250
Connecticut R iv e r ....
“
55
57
Consol, m ort. 7 s.........1911, J&D
Couaol. T ra ct o f N.J.TjfPAUo.) 100 :
56
55
284
Consol, m ort. 6 g .........1911, J&D
100 165
Delaware ABound B r.
**
50
60
uuiiHiii lu y c r ,ro t, oa..j-w t, , a fflv
Im p rov em en ts!,6 g .r 1897, A&O
Flint A Pere M arq. . . ( Bolton) 100 10
12
55
60
Det. Lans. &Nor’n M. 7s. 1907, J&J
Oon.M .,5 g.,stam ped,1922, M&N
100; 30
Preferred......... ........
“
32
F asten, le t m ort 6 g,1906,M & S.. §120 121
Terminal 5s, g ........ 1941, 6 ,—F.
Bestonvllle Paeseog. (P hilo.) 50. 49% 50
Free.Elk. &M .V.,let, 68.1933, end. 5128
Phil. Wilm. & Balt., 4 b. 1917, A&O
50; 01% 02
Preferred v .................
“
Unstamped, 1st, 6s, 1933............ §128
Pitts. 0. & 8t. L ., 7 s ....1 9 0 0 , F&A
B o a t .* Broad T o p ...
**
so;
55
1 7 4 K.C. C.& Spring.,lnt,5g,,1925, A&O » 50
Rochester Railw ay, oon. 5s ..1 9 3 0
preferred.....................
“
50.
79
49% K a F .S .& M . oon .6s, 1928, MAN 5 77
8ohnyl.R Jl.8ide,1st 5 g.1935, J&D
Kan. C j Ft.8. Ac Mem.(Botkm) 100
5
10
* 66
68
Union Terminal 1st 5 s..........F & A
100 30
(re fe rre d .................
••
40
K.
C. 8t. Jo. & C. B ., 7 s ..1907',
5121J&J122
50
Little Schuylkill.........(Philo.)
53
L. Rook & F t Sy le t, 7 s .. 1905, J&J O ' 5
90
Atl!n°tnad&S6SaBr e i s mt ^ f l 9 0 7 . J & J
M alne Central..........i Boilon) 100 122 124
L onls.,E v.& flt,L ,,lst,6g.l926,A & 0 §100 102
Baltimore Belt, 1st, 5 a .1990, M&N
Mine Htll A a.B aven (PhUa.) 50
57
2m., 5 - 0 g ............................1936,A&O
i 85
87
Balt. 0 . Pass. 1st 5 s ....1 9 1 1 , M&N
Neeqaebonlug V a l. . .
“
50. 53 At
Mar. H. & Out., 6e........1925, A&O 5107 108
Balt. Traotdon, 1st 5 s ..1929, M&N
North American O o..
“
4% Mexloan Central, 4 g . . . 1911, J&J § 66
100 ;
34,
67
Extern, & Impt. 6s___ 1901, M&8
Korth Pennaylvanla.
**
50
87
89
16
16%
1st oonsol.lnoom es, 3 g, non-oum.
No. Balt. D lv., 5 s ....... 1942, J&D
Or Bh.Lineal! aasCpdf Boston/ 100
15
16
6
2d consol. Inoomes. 3s. non-oum.
Baltimore
& Ohio 4 g., 1935, A&O
74
Pennaylvanla A H. w . (Philo. i 50
25
N. Y . & N .Eng,, 1st,78,1905, J&J1 §11 94 120
Pitts. & Conn., 5 g ....l 9 2 5 , F&A
Phtiadei. & t r i e .........
20
50
1st mort. 6 s.......... ,...1 9 0 5 , J&J §113 113 4
Btaten Island, 2d. 5 e.19 26, J&J
But a n d ...................... (B olton) 100 ’ w i
% Ogden. & L .O .,C on .6e...l92 0,A & 0 § 82
R eceivers' certificates, 6s..J& D
84
Pre.erred....... ............
“
100
| Ino. 6 s..............
1920 f ___ ^
15
Do. Maryland Construe., 5 s .......
Southern.................
(B a ll,). 100
77s
8 |Bu Hand, 1st,6 s .......... . 1902,M&M 5105 107
Do. P lttsb. & Connells., 5s..J& J
P reie rre d ...............
••
100 25% 26
2d, 5s.........................1 8 9 8 .F & A § 97
98
Bal.&Ohio 8. W.,1st,4% g. J.990, J&.
Wgat K n d ......______(B oilon) 50 7 1 4 71%
OapeB’.& Y ad.,8er.A .,6g.l916, J&r.
P r e f e r r e d ....... ...
*'
50
91% 92
A t , a , W ? r i r t J l a i e ^ ^ M&N 107 110
Cent. Ohio, 4 4 g .............1930, M&t
WolUd f oe. ni «r > . (P hilo,). 100 245
Buffalo By. oon, 1st, 5e.......... 1931
Cent. Pass., 1st 5s....... 1932, M&N
» e i t JeraeydtSeaSh.
50
47% '*47% Catawtsea, M .,7 e ...................1900,F&A
108%
City & Sub., 1st 5 s .........1922, J&D
V* o t e r a s*.\ . .»« Penn
**
100
Chart. Ool.&A ng.ext.5s. 1910, J&J
24i Choo. Okla. & Gulf, prior lien 6s.. 107 110
Wiaaoaa-n C en tral...(Boiton). 100
2
14
09
Citizens’ 8t.R y.of lud.,oon .5s.l933
Col. & Greenv., 1st 5-Bs. 1917, J&J
65
P referred....................
** 100
3
Colnmb. 8L R y „ 1st, oon. 5a..1932
1%
G e o r g ia * A la.,1st pf. 5s. 1945, A&O
Wore'at.Saah.dtBcKih.
"
luo 115 120 Colamb. O. Orosatown, lst,5 s.l9 3 3
Ga.Car. & N or, 1st 6 g ..l9 2 9 , J&o
Kll«CBUJl*KOt.'a.
Consol. Tract, o f N. J., lBt,5a,1933
89% 89% Georgia Pao., 1st 6-68...1922, J&J
A lion ea M i» *g, a« at pd ( Boston), 25 -50 1-00 Del. & B'd Br'k, 1st, 7s. 1905,F&A 121
Geor. So. & F la ., 1st o s .. 1945, J&J
A m t . p.y. El. L igh t.. (P hilo.).
Easton & Am. JUtM.,5a.l920,M&N 106
North. Cent. 6 s . . . . . . ___ 1900, J&.
A u a .D c M in in g ..... (B otlon). 25
20
6a....................
1904, J&J
20 % Eleo. & People’ s Trao, stook, tr. otfs 71% 71%
B *y State fia* « ____ _
50
44. Elmir. A W llm , 1 s t,6s. 1910, J& J. 1 1 8 4
4%
Series A , 5a....... .......... 1926, J&J
Bsctoa L an d ... . . . . . .
"
10
4
4% HaeWmvlUe M .& F ., oon, 5s..1924 115
4 4 s ...........
.....1 9 2 5 , A&C
Centennial M ining...
"
10
104*2
ittB. & Connells. 1st 7s. 1898, J&J
6% Hunt. & B r'd T op,O on,5s.'95,A & O
Fort « ' » fa r E le ct.?,.
"
35
2
1
Lehigh May, 4 4 s ...........1914, Q - J 110 i n
Soathern, 1st 5 s ___ ____ 1994, J&J
Franklin M ining.___
41
25
10
2d
0s,
g
old
...................
1897,
J&D
Virginia
Mid., 1st Us...1 906, MAE
104
103‘4
PreoeO(n*n*e Hwy L’d .
"
5
1.
General m ort. 4 4 a . g .l 9 2 4 ,Q - F
%
2d Berios, 6s.................. 1911 M&8
K a m a rg e M m ing....
«
25
18
__ _ 93
184, Lehigh Val.Ooai l« t 5 8 ,g .l9 s i,J & J
3d Series, 6 s................ 1916, MAS
Otoeoi.a Sfin’ o a ,. . . . . .
’*
26
29 ! 2 0 ‘S Lehigh Valley, 1st 6S ...1898, J&D 105% . . . . . .
4th Series, 3-4-5s........1921, M&:
Psllasao Palace
100 158 169
5th Series, 5#.............. 1926, MAE
2d 7 » ...................
1910, MAS 130
i’ .'1!r-rflcanla o'
(Philo,), 100 2 0
234:
Consol.
6
.......................1923,
J&D
1
1
6
4
WestVa C.& P. 1st, 6 g .1 9 1 1, J&J
Preferred' ...
100
40
ou ; Newark Passenger, eon. 5s... 1930 107% 108
. Col. & Aug., 6 s ..l9 iO , J&L
« * ln c y Minina.
i.Horton). 25 107 108 S orth Penn. 1st, 4 s ....1 9 3 6 , Mi»S 112%
M hW KU.ANBOUS.
Ttuiarset Minin
25 117 118
Gen. M. 7s.................... 1903, J&J 119
Baltimore Water 5 s ... 1916, MAN
W ater P ow er. . . . . . . , .
loo
<3' 1
Paterson Railway, consol. 6 s .........
Fuudtng
5 r „ . M ....1 9 1 6 , M&N
.........
V aM lM k. Elen- A M ..
50
23 ! 24
Pennsylvania g e n .6 s , r,.l9 1 0 , Var 133”
Exohange 3-*a.............1930, J&J
"re,-., c m . ci runvc
60 504, 51
Consol.
0
s
,o
........
..1
9
0
5
,
Var
Virginia
(State)
3 s ,n e w .1932, J&J
1
,9
120%
Sons s S o i t o o .
Consol. 5s, r .................. 1919, Var 119
Funded debt, 2-3a........1991, J&J
AC Top, V ft. t , gasers
4a, 1995 579% 80
liesapeakeGas
6 » . . „ . 1900, J&D
e
...........1913.
J&D
1
1
1
4
A atostm eot«. 4», is
1*3 4*; 3% Pa. A N . Y. C anal, 7 s . .. I 0 6 ,J&D 122
onsol. Gas, 6 a . . . . . . . .„ 1 9 1 0 , J&D
.........
Boston i.'mted Saw |»
>82 i 63
Co“ ' 8 » ......................... 193 A&O . . . . . . 106 II 4 s ------------------•Prtew
< srdue oouDon.
% Unlisted,
4 A nd aoorued in terest.

;

l x iv

Bid
P6%
99
116%
105
80
40
23%

97*a

80%
404
21

120
13i
1224
101%, .........
1134
106
100%
90
104% .........
121
95
114
1124
105%
112
100

1214*
90
__ni1rB
1134
1124-

ic T % i o i %
98
99
......
li 0
97
99
98"
1 .2 4
112*4
105%
m
103 4
794
114
944
108
112
115*4
lo fl
104
88%
114
116
114%
96
103
108
1L7

.........
__r n1r
1134*
112
104
80
115
95

---rrnk
p____
89%.
.-.wrr
___ ^
......
1084

121
100*51 ___ „
74
74%
(UUh
1 (0 107
1 1 7 4 !....... -

110

110%,

THE CHRONICLE

A p r il 17.

Y45

NEW YORK STOCK EXCHANGE PRICES (Continued)—ACTIVE BONDS APR IL 15 AND FOR TEAR 1S97,
K a II.r o AI) AND

M18CELLAHKOD8 BOTOS.

I (Jtotmg Range (sales) in 1897.

Price

Penod\Apt.' 15.

Lowest.

Highest.

R a il r o a d and
Miscellaneous B onds .

Closing
In ert Price Range (sales) in 1897J
Period A pr. 15.
Lowest.
Highest, |

69 b. 69 Mar. 73 Jan.
Mex. Internat’ i—1st, 4, g.1942
& 8
Mloh. Cent.—1st,cons., 78.1902 M dc N 118 b. 116*3 Jan. 118 Mar.
ConeoL, 5 s........................ 1902 M & N 10713b. 107 Feb. 108 Mar.
103
Minn.ASt-L.—1 stoon .5s,g.l93 4 M ^A N
”
100 Jan. 103*4 Feb.
Mo. K. A E.—1st 5s, g., gu ..l9 42 A A O 91*4b. 90*3 Apr.
95% Jan.
J
A
D
83
M. K. & Texas.—1st, 4s, g . 1990
82 Jan.
85 Mar.
56%
2d,**a, g ...............
.1990 F A A
56 Mar.
63 Jan.
70 b. 71 Apr.
Mo. Pao.—1st,oon., 6g.......1920 M A N
87% Jan.
99 b. 98 Mar. 105 J an.
3d, 7 s ..................................1906 M A N
Pao. o f M o.—1st, ex., 4 g .l9 3 8 F A A
100 Apr. 101% Feb.
2d ext. 5 s .......................1938 J A J 100 b. 100 Apr. 103*4 Jan.
St. L .A Ir.M t.lst ext., 58.1897 F A A 101*3 100*4 Feb. 103*3 Jan.
2d, 7 g ............................. 1897 M A N 103% 101*3 Jan. 103% Mar.
Cairo Ark. A Texas, 7g .l8 9 7 J A D 102%b. 98 Jan. 102% Mar.
Gen. R ’y A lan d g r.,5 g .l9 3 1 A A O 70
7 1 Apr.
77% Feb.
Mobile A Ohio—New 6g ...1 9 2 7 J A D 119 b. 117 Jan. 119 Feb.
66*4
General m ortgage, 4e
1938 M A 8
65% Mar. 68*4 F ib .
Nash. Ch. A 8 t.L .—1st, 7 e .. 1913 J A J '128 *sb. 127% Jan. 130 Mar.
Coneol.. 5 g .........................1928 A A O 100 b. 100 Jan. 102% Mar.
N. Y. Central—D ebt ext. 4s. 1905 M A N 104*3b. 101% Jan, 104% Mar.
1st, coupon, 7 s................. 1903 J A J 12 L%
117*4 Jan. 121% A pr.
Deben., 5s, coup., 18 84.. 1904 M A S 109*3 106 Mar. 10 J% A pr.
N. Y. A Harlem, 7s, r e g ..l9 0 0 M A N 114 b. 111*3 Feb. 114 Mar.
R. W. A Ogd., oonsols, 58.1922 A A O 11913a. 117% Jan. 121 Feb.
West Shore, guar., 4 e ...,2 3 6 1 J A J 107% 105 Jan. 108 Feb.
" Y. Chlo. A 8t. L.—4 g ...l 9 3 7 A A O 104%
103*3 Apr. 106% Mar.
N. Y. Laok. A W.—1st, 6 s .. 1921 J A J 136*8b. 136 Mar. 136 % Mar.
Construction, 5 s ..............1923 F A A 116 %b. 116% Mar. 118 Jan.
N.Y. N. H. A H.—Con. deb. otfs. A A O 138 b. 132% Feb. 140 Mar.
N.Y. Oat. A W.—Ref. 4s, g.1992 M A 8 93 %b. 88% Jan.
96 Feb.
Consol., 1st, 5s, g .............1939 J A D 109 *3b. 108*4 Feb. 110 Mar.
N.Y.Sue.A W .lstref.,5s, g.1937 J A J 102 %a. 100 Jau. 103*3 Jan.
71 a. 69 Apr.
Gen. 5 g ............................ 1940 F & A
74*2 Jan.
Midland o f N. J., 6s, g .. .1910 A A O 116*3b. 116% Apr. 119*3 Jan.
j Nor. A W. Ry.—1st, cons.,4g.’96 A A O 69
69 Apr.
74% Mar.
No. Pao*do—1st, coup. 6g .l9 2 1 J A J 116*3b. 113 Jan. 116% Mar.
86*4
P rior lien, ry. A l.g. 4, g.1997 Q - J
88% Mar.
85% Jan.
52%
General lien 3 g ...............2047 Q - F
56% Feb.
51% Jan.
So. Pacido Ter. Co—6 g ___1938 J A J 107*3 104% Jan. 110 Mar.
Ohio A Miss.—Con.s.f., 7s. 1898 J A J 10414b. 104 Mar. 104% Apr.
Ohio Southern—1st, 6 g ...l9 2 1 J A D 90 a. 83*3 Feb.
90 Jan.
10 a. t 9% Mar. t l 5
General mortgage, 4 g ..l9 2 1 M A N
Jan.
Oregon I mpr. Co.—1st 6 g .. 1910 J A D I 85 b. 1 85*4 Mar. 90*4 Jan.
Consol., 5 g ....................... 1939 A A O 20 a. 15 Feb. 119 *2 Mar.
Ore.R.ANav. Co.—1st, 6g. 1909 J A J 115 a. 110 Jan. 114 Apr.
RR. A Nav. oonsol., 4 g . 1946 J A D 82*4b. 80 Jan.
84 Feb.
Penn. C o.--4% g, co u p ....... 1921 J A J lll* 4 b . 109% Jan. 111% A pr.
Peo. Dec. A Evansv.—6 g.1920 J A J 101 b. 100 Jan. 104 Feb.
Evans. Division, 6 g ....... 1920 M A S 100 b. 100 Fsb, 106 Feb.
2d mortage, 5 g ................ 1926 M A N t 25 a. 124% Apr.
27*3 Jan.
Phila. A Read.—G en .,4 g ..l9 5 8 J A J t 80
t79% Apr. t82 Feb.
137*4a. 139 Apr. t4 8 Jan.
1st pf. ino., 5 g, all inst. pd.’58
123 b. 129 Apr. * 36% Jan
2d pf.iuo., 5 g., all inst. pd.’58
3d Df.ino., 5 g., all inst. p d /5 8
\30% Mar. 134*4 JaD.
A
A
O
ibo%b.
Pitts: 8)1. A L. E., 1st, 5 g.1940
95 Jan. 102% Mar.
71%
Pittsburg A Western—4 g . 1917 J A J
70 Mar. 74*3 Jan.
73 a. 70*3 Mar. 74% Feb.
R ioG r. Western—1st 4 g . . 1939 J A J
St. Jo. A Gr. Island—6 £ ..1 9 2 5 M A N I 52 *3b. 147% Jan. t5 4 Mar
St. L. A San Fr.—6g, Cl. B .1906 M A N 113 b. 112 Jan. 115% Feb.
General mortgage, 6 g .. 1931 J A .J 110 b. 108% Jan. 112% Feb I
95%b. 94% Jan.
General. 5 g......................1931 J A J
98% Feb.
Railroad, 4 g .................... 1996 J A J
63 b. 62% Jan.
66% Feb.
M
A
N
65*3b. 59% Apr.
70 Jan.
St. L. A So. W.—1st, 48, g . 1989
19*3b. 15 Apr.
28 Jan.
2d, 4s, g., incom e............. 1989 J A J
St.P.M .AM .—D a k .E x .,6 g .l9 1 0 M A N 121 b. 116% Jan. 121 % Apr.
1st consol., 6 g .......... ....1 9 3 3 J A J 126 b. 123 Jan. 126*4 Apr.
red need to 4 % . J A J 106*4 102*3 Jan. 107 Mar.
J A D 92*3
Montana extension, 4 g
93 Apr.
87% Jan.
8an. Ant. A A. P.—lst,4 g .,g u .’43 J A J
59 *4 Mar
57*8
54% Jan.
91*sb. 87*3 Feb.
92% Apr.
So. Car. A Ga.—1st, 5 g . . . 1919 M A N
93%
94*4 Jan.
So. Paoitio, Ariz.—6 g ... 1909-10 J A J
90 Feb.
So. Paoido, Cal.—6 5 . . . 1905-12 A A O 100 b. 108 Jan. 108 Jan.
1st oonsol., gold, 5 g ....... 1937 A A O 86 b. 85 Feb.
88*4 A pr 1
80. Paoido, N. M .- 6 g ....... 1911 J A
101 b. 102 Jan. 105 Feb.
Southeru—1st cons. g. 5s. 1994 J A
89
87*2 Mar. 91 Jan.
E. Tenn. reorg. lier1
. 4-5 s. 1938 M A
* 87 a. 86*3 Mar. 89% Jan.
E .T. V. A G .—1st,7 £ ....1 9 0 0 J A
109% 4. 107*4 Jau. 109% Mar.
Con. 5 g ............... ..........1956 M A
109*3 107 Jan. 109% Apr.
114%
Georgia Pac. Ist5-6s, g .,1922 J A
107% Jan. 114% Apr.
K noxv. A Ohio 1 st6 s,g .. 1925 J A
114 a. 112 Jan. 115 Feb.
Rioh. A Danv. oon. 6s, g.. 1 9 15 J A
117% Jan. 122 % Mar.
W est.N o.C arl8toon.68,gl914 J A
114%a. 111*3 Jan. 114*3 Mar.
Standard RopeAT.,1 st.6g.1946 F A A
70
65 Mar. 79*s Jan.
Tenn. C. I. A R y—Ten. D .lst, 6g A A O 82 b. 82 Jan.
88*3 Mar.
89 Mar.
Birmingham Div., 6 g . . . 1917 J A J 83 %a. 85 Jau.
90 Feb.
Texas A Paoido—1st, 5 g . . 2000 J A D 88*3
85% Jan.
2d, incom e, 5 g ....... . ...2 0 0 j Mar oh
18*3b. IS% Mar. 23 Jan.
To - do A Ohio Cent.—5 g .,1 9 3 5 J A J 103 b. 102 Mar. 108 Feb.
Toi. - .L. A Kan. 0 .—6 g ... 1916 J A D f 69%
167*3 Mar. 175 Feb.
Union aoido—0 g . ........ ..189s J A J 101
101% Mar. 105 Feb.
95 Feb.
Ext. s • king fund, 8....... 189J M A S 185 b. 85 Jan.
Collateral trust, 4*3____ 1918 M A N
149% Jan. 150 Jan.
Gold 6s, 00L trust uotes. 189 1 F A A lO’i ' b . 99 Feb. 102*3 Mar.
Kan. P ao.-D ea .D iv .,0 g -1 8 9 ) M A N 116*4 113*3 Jan. 117 Mar.
IstoonsoL , 6 g . ............1919 M A N 172 b. t67 Jan. 178 JanOregon Short Line—6 g.1922 F A A 110 *9b. 1111% Jan. 119 Mar.
Or.S.UAUC'hN.—0on .,5g l91 9 A A O t 75*3 103 *3 J an. t77% Mar.
37 Feb.
U .P .D ea.A G a lf,oon .,5g.l93 J!J A D 34 b. 33 Apr.
U. S. Leather—3 w deb.6g.1913 M A N 113% 111% Jan. 114 Feb.
|Virginia M id.-G en . . 5s.l936|M A N 101 b. 100 Jan. 103*3 M ar,
! Wabash—1st, 5 g ................ 939)M A N 103% 103 Apr. 107*4 Jan.
j 2d m ortgage, 5 g . . . . ....... 1939!F A A
61
61 Mar. 73% Jan.
25 Jan.1
I Deben., Series s ______1939 J & J
18 % Apr.
18*3
|W estN. Y. A P a .- l s t .5 g .1 9 3 7 J A J 106 b, 104% Jan. 107*3 Mar.
I Gen. 2-3-48, g old .............1943 A A O * 4S a. 46% Jan. | 50 Feb.
West.Ua.TeL—Ool. tr. 5 s .. 1938 J A J 10 7%b 106*3 Jan. 1108 *4 A pr.
I Wise. Cent. Co 1st 5 « ...1 9 3 7 J A J 1 33% t30 Apr. J 4 0 _ M a r
N ora.—1,f\yt indicates price bid ; “ a * price asked; the range is made np from actual sales ouly. * Latest prloe this week, t Trust receipts.

Am er. C otton O il,d eb .,8 g .l9 0 O Q—*1 * 1 0 6 b.
Amer. Spirit Mfg., 1st, 6 g .l9 1 o M & S 76%b.
Ann A rbor.—1st, 4s, g ....... 1995 Q—J
78
A t.T .A 8 .F .—New gen- 4 e .l9 9 o A A O 80
Adjustment 4 s ...............1 995 N ov.
43%
B*way&r7tUA.v.-lst.oon.g.58’43 J <fe Dj I18*2b.
B rooklyn Elev. le t, 6 g ....l9 2 4 ; A A O 78
Union Elevated.—6 g .... 1937 M
MA
**NK 7738
Bklyn Kap. Trane., 5 g ....l 9 4 5 A A O 78
B k ly n .U n .G as.ist,con .5 g -1945 J A J 112
95 b.
B ’ ttlynWnrf<fcW.H—lst,5s,g. 45 F A A
Canada Southern.—let, 5e, 1908 J A J 110*4
2d, 5 e . ....... ....................... 1913 M A S 105 *sb.
Cent. o f Ga.—Con.e., 5 , g .l9 4 5 'M & N 91*nb.
Central o f N. J .—Gone.,7e, 1899 „ 9 t *1 106i8b.
OonaoL. 7 e ....................... 1902 M A N 115^ b.
General m ortgage, 6 g ...l9 8 7 J A J 110
90 b.
Leh.A W .B.,con.,7e,ae’ d. 1900 Q -M
“
m ortgage5e.l912 M A N 70 a.
A
J
114
Am. Dock A im p., 5 s -----1921
A J 102*4
General P a o i f l G o l d , 6 e .l8 9 8
& J
ExteD. 5 g ..................--- 1898
Ghee. A O h io .-S e r. A , 6g.. 1908 A A O 119 b.
Mortgage, t>g . . . . ..... ...1 9 1 1 A A O 119*2a.
letcon e o l.,5 .....................1939 M A N 111*2
General 4838, g ....... ......199 2| M A S 73%
R. A A. D iv., letoon ., 4 g .l9 8 9 «I & J 10l*2b.
•*
2 d oon .(4 g .. 1989|J A J 90%b.
Ohio. Bari. & Q. Con. 7 s. 1903,«? A J 118*4
Debenture, 5 e ,.................1913 M A N l o l
Convertible 5e................. 1903 M A St 100 b.
D enver Division 4 s .........1922) F A A 94 b.

106 Feb. 109 Jan.
74 Jan.
81*4 Feb.
80*2 Feb.
74*2 Jan.
79*2 Jan.
83*8 Mar.
43 Mar. 493s Feb.
116*2 Jan. 119*2 Apr.
78 34 Apr.
70 Feb.
68 Feb. 79*4 Apr.
76 Apr.
81 Feb.
105 34 Jan. 112 Apr.
91*2 Mar. 101 Jan.
Feb.
108 Jan. I l l
104*2 Mar. 103 Feb.
92*8 Mar.
90*8 Feb.
106*8 Apr. 108 *4 Mar.
115 Mar. 115*2 Mar.
109 A pr 118 Feb.
91 Apr. 104*2 Feb.
78 Mar. 90 Feb.
114 Mar. 116*8 Feb.
100 Jan. 1023s Apr.
9934 Jan. 101*2 Apr.
119 Jan. 1213s Mar.
118*2 Jan. 121 Mar.
107% Jan. 11134 Apr.
72 Mar. 76% Feb.
97 Jan. 101*4 Mar.
92 Mar.
86 Jan.
115 Jan. 118*4 Apr.
97 Jan. 101 Apr.
99*4 Mar. 102*2 Mar.
93 Feb. I 96*2 Jan.
87*4 Jan.
91*2 Mar.
Han. A St. J o8.-C one.6e. 1911 M & S l i a 's b . 118 Mar. 121 Feb.
Ohio. A E. ill.— let,e. f. 68.1907 •J & D 115
114 Apr. 115 Apr.
ConeoL 6 g ..................— 1934 A & O. 124% 124 Apr. 1245s Apr.
General ooneoL, le t 5 e ..l9 3 7 M & N 100*3
98% Feb. 10134 Mar.
Chicago A Erie.—let, 5 g ..l9 8 2 M A N 112 a. 110*8 Jan. 112 Jan.
Chlo. Gae L. A C .—le t ,5 g .. 1937 ■j & j
97*3
93 J an.
97*2 Apr.
Chic. Mil. A St. P.—C on.78.1905 J A J 133 b. 128 Jan. 134% Mar.
let, Southwest Div., 0S-.19O9 j & j 117 b. 115*8 Jan. 113 Apr,
let, So. Minn. Dlv., 6S-.1910 j &
117*4b. 115*2 Jan. 118*4 Apr.
let,Ch. A Pao. W. Di v .5 e .. 1921 j & j 115 b. L12 Jan. 115*2 Apr.
Chlo. A Mo. R iv.D iv.,5e.. 1926 j & j 110 b. 106*2 Jan. 111 Apr.
W ieo.AM inn.,D iv ,5 g ...l9 2 1 J A .J 112 %b. 110*8 Jan. 113*2 Mar.
Terminal, 6 g ..................... 1914 J A J 113 b. 110*2 Jan. 113*2 Apr.
& j 101%
Gen. M., 4fc., ee rie e A ....1 9 8 9
96 Jan. 102% Mar.
Mil. A N or.—let,con .,68.1913 j & u 119 b
Jan. 1185s Feb.
Ohio. A N. Pao., let. 5 g .... 1940 A A O 42*3 '4 0 Jan. 144 Jan.
Ohio. A N. W.—Consol., 7 b. 1915 y - F
144 b. 140 J an. U l Apr.
Coupon, gold, 7 a ...............1902 J A D 119 %b. 116 Jan. 120 Apr.
Sinking fund, 6 a ............. 1929 A & 0 110*30. 114 Jau. 119 Mar.
Sinking fund, 5 e ............. 1929 A & (J 103 b. 108% Apr. 112 Mar.
Sinking fu nd ,d eben., 5e. 1933 M & N 1 113*4b. 1103a Jam 113*4 Apr.
25-year debenture, 5 a ... 1909 M A N 109 %b. 106 Jan. 109% Apr.
Extension, 4 s .................. 1926 F A A
LOl Jan. 103 *4 Feb.
Mil. L. Sh. A W., 1st, 6 g .l9 2 1 « 4 S
133 b. 131*6 Jan. 134 Apr.
E rten. A Im p., 5 g ....... 1929 F A A 113*2 112 Mar. 115 Jan.
Chic. K.I. A Pao. —6s,coup. 1917 J & J 131*30. 128*2 Jau. 131 Mar.
E xtension and ool., 5a.. .1934 J A J 101^8 I017e Jan. 105% Mar.
30-year d eben tu re,5e... 1921 M A S
95 %b. 93 Jan.
99 *8 Feb.
Cnic. St. P. M. A O .- 6 a ... 1930 J A D 130 b. 126 Jau. 131*4 Mar.
Chlo. A W.Ind.—Gen.,g.,6a. 1932 Q -M
117 b. 116 Mar. 117*4 Jan.
Clev. Lor. A Wheel.—5 a ...1933 A A O 100 a. 102 Jau. 102 Jan.
0 . 0 . C. A 1.—Consol. 7g ...1 9 1 4 J A D I33*sb. I313i Jan. 133% Apr.
General, c o n s o l.,t ie .... 1934 J A J 125 b. 123*4 Jan. 123 Apr.
0.
C.CASt.L.—Peo.A E.,4a.1940
A A O 70 b. 70 Mar. 75 Jau.
001. M idland—Cone., 4 g. .1940 F A A; f 10
110 A pr. H 7 Jan.
Ool. A 9th Ave. gu. 5e, g ..l9 9 3 M A S 11513b.
118 Feb.
CoL H. V ai. A Toi.—Con.,og. 1931 M A »: s s b. 63 Feb.
88% Jan.
General, 6g ....................... 1904 J & D| 52 b. 49*2 Feb. 87 J an.
Denv. A KloGr.—let,7 a ,g . 1900 M A N 113 b I l l Jan. 113*4 Apr.
le t consol., 4 g ..................1936 J A J
88
89 J an.
88 Jan.
D u l. A Iron R 'ge—1st, 5e .l9 3 7 A A Oi 97*3b. 98 *2 A pr. 101% Jau.
Dal. SO. Sh, A A tl.—5g ___ 1937 J A J 100%
99*2 Jan. L02 Feb.
E lleon El. III.—let,oon.g.5a.’95 J A J 109 b. t047e Jau. 110 Mar.
Erie—4, g, p rior bon ds....1 9 9 6 J A J 93*3b 93*2 Jau.
95*3 Feb.
J A J
63 b. 623* Jau.
66*4 Feb.
Erie Ry.—le t, oon., 7 g ..l9 2 0 M A 8| 140*35. 139*4 Mar. 143*3 Feb.
L ’g D ock, ooneol., 6 g . 1935! A A O 131
133 *2 J au. 136 Mar.
Ft. W. A Den. City.— 1-6 g. 1921 J A D 56*2
597s Mar.
53 J an.
G aL H .A8ao.A n-M .AP .D .lst,5g Vi A Nj 90
89*2 Jau.
91*3 Feb.
Gen. E lectric.deb. 5 s ,g ... 1922 J A D; 96*2b. 90*2 Jau.
96*3 Apr.
Hone. A T. Cent. gen. 4s, g. 1921 A A O 6630
70 Mar.
66 Jan.
Illinois Central.—4e,g......1953 M A Nj 100
b. 99*2 Jan. 103 Jan.
Western Lines, 1st, 4e, g . 1951 F A A 101 b. 100% Feb. L03 *4 Mar.
InLAGreat Nor.—1st,6s,g 1919 M A N 119 b. 117*4 Jau. L19 *3 Jan.
3d, 4*2-58......................... 1909 M A S 74 b. 73 Jau.
80 Feb.
Iow a Central.—1st,5 g ___1938 J A D 91
97*3 Jan.
88 Apr.
K ings Co. E lev.—le t,5 g . 1925 J A J
43 b. 4 i Feb.
50 *4 Mar.
Laclede Gas.—1st, 5 « ,g ...l9 1 9 Q - F
97*3 Apr.
97*a
93*2 Jan.
Lake Erie A West.—5 g .... 1937 J A J 117
113*2 Jau. 117 Apr.
1*. S h ore.-C on ,op., l8 t.7 s.l9 0 0 iJ A .1 113
1105b Jan. 113% Mar.
Consol, ooup., 2d, 7s.......1903|J A D 123*4 119 Jan. 124*4 Mar.
Lex. Av. A P a v .F .g u . 5s,g 1993 M A 8 11513b. 115*8 Mar. US Feb.
Long Island.—1st oon., og.1931 Q—J 117 b. 113 Jan. 117% Jau.
General m o rtg a g e ,4 g ... 1938 J A D 87%b. 76*2 Jan.
88*3 Mar.
Louis. A Nash.—C on e.7 s.. 1398 A A O 1 0 2 V ). 102 *4 Apr. 106% Mar.
N.O A Mobile, 1st,6 g . . . 1930! J A J 120 *8b. 116 Jan. i20% Apr.
M
“
2d, 6g. 1930i J A J 103 b. 93% Jan. 103% Mar.
General, 6 g . . . . ...............1930 J A D 1173s 115*8 Jan. 117% Apr.
U nified,4g........................ 1940 J A J
81 Feb.
80
I 78*4 Jau.
Goals,N. A. A Oh.— 1st,6s. 1910 J A
_ J
_ 113 b. I l l
Jan. 113 Apr.
ConsoL,0g, tr. receip ts.1916 A A O t 83 b. t 82 Jan. 185 Jan.
Manhattan oonsol. 4 s....... 1990 A A O
92 b. 91*2 Apr.
95*4 Feb.
Metro. E levated.1st, 6________
g .l9 0 8 J A J llM isb. 116*8 Jan. 119*8 Mar.
_____ _____
2 L 6 » ....... ........................ 1899 M A Nj 107 %b. j105 Jan. 107 Mar.

N iiW YORK STOCK EXCHANGE PRICES—(Continncl).—IN AC TIVE B O N D S -A P R IL IS ,
SECURITIES

Bid.

Ask.

Railroad Bonds.
(Block, Exchange Prices.)
▲ abaraa M id.—1 s t , gu a r.. 1928
K vch. Topeka «fe San Fran.—
Chicago <fe St. Lon.- 1 s t , 6 s .1915
Ool. Mid. 1st. g., 6s, asstd .. 1936
61
Ktl. A Pao.—2d VV. D., gu. 6s. ? 907
102
Western Division in co m e ..1 9 JO
. A Ohio—1st, 6s, Park B.1919 10V*I

SECURITIES.

Bid. |

Bait. A O h lo 5s. g o l d ....... ..........................1925
91
Cons, mort., gold, 5 s............ 1988 103
W V*. A P itta .--s t, g., 5 » ..1990
B. A 0 .8 . W .,ls t,
J»3B...1990
100
M onon. River, 1st, g., g. 5 s .. 1919
Cent’l Ohio Reor.—1st, 4*38.1930
08 *
Ak.AOh.Juno.—Ist,,g,5s,gu.l930
Brooklyn Elevated—2d, 5 s ... 1915
4l
SeaMne A B. B.—1*t,.v.5s.ini. *049

Bid.

SECURITIES.
Brunswick A W ’u—1st, g., 4 s .1938
Buff. Rooh. A Pitts.—Gen. 5s..1937
R och. A P., 1st, 6 s............... 1921
Rooh. A Pitta.—Cons.1st,60.1922
Buff. & Susqueh.—1st, 5s, g .1913
Burl. Ced.Rap. A No.- 1st, 5 s .1906
Consol. A oollat. trust, 5 s.. 1934
Minn. A St. L.—1st, 7s, g u ..1927
C«d. Rap. I. F. A N „ 1st, 68.1920
lot =>a ___

...

..1 9 2 1

Ask.

96% 98Q
123 *4
119*4 119%
107
103
103*3
101%

.

THE

716
%ISW iU K K S t u c k
eK C l'K lT lR S .

BU,

CHRONICLE,

k.\CMANHIS l*KICK8 .-IX A C T IV E
; A ak.

SECURITIES.

I V u i ,. L A i V ,

BONDS—{Qonlinue&J-APRIL 1 5 ,
Bid,

Ask.

SECURITIES.

Bid.

Ask,

Northern Paeilte—
76%| 81.Paul A N . P .-G e u ., 6*..1923 127 128
tt, tenoral, g., 5a . . . . . .
»a i 9»
U*a|. RK. A Bank. (V i. tt.it. 183?
N orfolk & South'n—1st. 5a,g. 1941 105 107
Cots«. fty .• !!< ».- l « l , K„ f t t ..l (* * » U S 1113V
......
Norfolk A W e s t—General, 6«. 1931 123
l# t , p r e l iSKOluc, g ., SS ....1 9 4 ft ! as% as1*
.......
New R iver 1st 6s................. 1932 114%
p itItie vM C i
5 S ....... 191ft1 i o i u h |E ana, A Indian.—let
flin
t
&
P.
M
arquetteImp. A E xt.. 6«............ .........1934
C e n t , . t N . J . —t - o i i v , d e b . , o a - l t H « ! ; . . . . . . I -----112 114
Col. Conn.ATer.. 1st,gu.g.Ss. 1922
C o t . rs tfia o —Quid txu«ls,8*.lS98 105r%:102%
: 90
84
lat, con. gold, 5 a ...
Ohio A Miss.—Consol. 7 s ....... 1898 104% 104%
r x t. ft, ft®, ,prle* A B C XI ..1 898:
73% 80
2d consol. 7 s ......................... 1911 110
(,o ltl ! < , tertc* » \ ................. 1698; ........ | . . . .
.
Spring.Div.—1 st 7 s..............1905 104% 105
a ..
Br.. Be..............i» o u 1 0 1 % ..........
...
General 5s.....................
1932
Mort. gold 5#...........
1939 ..
4GL]
Ohio
R iver R R .- 1 at, 5g..........1936 lOO'
Muid gram , 5», g . . . . . . ..... .I 9 6 0 : 0*% 99
103
104
Gen. g „ 5 s ............................... 1937
QaL Bar. A Sun Ant.~
uri. A O. Dlv., « ! . , g. fts...l9 1 8 ;* 1 0 l
104
2d mort., 7a.......... ..
Omaha A St. Louts,—1st, 4 s ..1937
54
48
**wt. P a c in o -Bond*, tir___1899 103
.......
U s. Gar. A .Nor.— 1st, ,i
Oregon A Catifor.—1st, 5s, g.1927
90 Hallway (t V ,» —l i t , 6». 1907;
Penn-P.0.O.ASt.L.Cn.g.4% 8Al 9*0 107%
123
50-year 5#................ ..... ..1 9 3 s : •87 Hi
Do
do
Series IS 1942 107%
CttBS. WaPhSnKWB—1st, g., (Js.lHSS:
Hone, A T cx as Central—
Do
do
Series 0 1 9 4 2
t a p ., A O,—Pur. M. fund, 8 a .1898: i o s ‘4 105
125
Waco A N, 7a..................
Do
do
Series D, 4s, 1945
Oral.: V alley—1 s t ,g., S a ....l9 4 o
109 — —
P.U. A 8 .L .-lst,0 .,7 s................I960
109
-**ru si»p. V at, 1st, g, 5a .. 1941.
.....
Kill. L A Big s a n d y -U . 58.1903!
100 %
Pitts. Ft, W. A 0 .—1st, 7 s ... 1912 137
io T
2d, 7 s .............................. ...1 9 1 2 136
* ca. 0 . « 00. W est—1st 6»* g . 1911!
95
....
3d, 7s.....................................1912 130
id , 6a....................................... 1911
On. V .-Q «a.con.l*t,gu.«.58.1938.
t !h .8t.L &P.—1 at,eon. t>s,g... 1932
ntlnoia Central­
H2
Olev. A P .—Cons., s. fd ,, 7 s .l9 0 0 112 114
ist, g., 4s...................
C toago A A lum —8. b'.. 6a---- 1903: n s
111
L m *. A Mo. E iv e r~ lsi.7 a .1 9 0 0 1 .0
Gen. 4%s, g „ “ A ............. 1942
10o ’"4 ioT%
id . 7*....................................1900 1091*
Do
do
Series B 1942
99 H 0 %
8t. L.V. A T . H .—1 st,6 b. , 7s. 189.
n 1, Jack*. A CMC.—2d, "s.1898
2d, guar., 7 s........................ 1898 102
Mi.p.K. Bridge—1st,a t ,B e .1 9 1 2 103 107
......
Gd. R.AI. E xt.—1st, 4%s,G.g. 1941
Ctso Burl, A Nor.—la t.fts___ 1926 103
.....
Alleg.Yal.—Gen., gu.. Is, g.1942
'Mo. Barling. A
Se, a. 1..1901 102
104"
N.&C n .B d g.,gen.gu .4% s.g.l945
o » * Dlv. —Sink. fund, 5 s ..1919 104
H4
98
1919
1U
,-fu n d ,4 e ............
'enn.R R .—1st, real, eat g. 4a.lfc>23 107 109
121 122 % Cle.A Mar’ ta—1st,gu.g.4% 8.1935
■sic, t » .......................
1921
89
Cblcago A Iow a Dlv.—5 s — 1905
D . hli-.R R.AB dg—ls t .g u .g .ls .’ dii
"9 7 ^
Bellv. A So. 111., ga., 1
C .to, A Indiana Coal—1st 59.1936
’eoria A Pek. Union— 1st, 6a .1921 113
Oed. Falls A Minn.—:
O il, dll. A 81. P .— 1st,89,P .D .1898 105 >* 105%
2d m ortg., 4% s.....................1921
80
77
•itts. Cleve. A Tol.—lat, 6 s.. . ------2 ., V 3-10*. P. D ................... 1898 •131% 132%
H i. 78, » g., K. D .......... .....1 9 0 2 *131% 132%
>itts.
A
L.
Er.—2d
g
.
5
s
,“
A
”
.
recta., ex bon ds........ ..........
H i, I. A M .,7 ».......................1897 131>* 132
Iml. Dec. A (V.—1st, g., 5e— 1935 lul 101% Pitta. Mo. K. A Y.—1st 6s.......1932
1 t, L k D „ 7a.......................1899 130
Ind. JOle. A Iowa.—1st, g , 4 s ..1939
Pitta. Palusv, A F.—1st, 5 s ... 1916
79
I n ,C. A M .,7 « .......................1903 131
1st, ext., g. 5 b. .....................1943
Pitts. Shen. A L. E .—
31
30
1.1, 1. A 0 . E x te n sio n ,7 «... 1908 134 131% Int, A G . K’n.—3d, 4s, g . .......1921
1st consol. 5 s......... ............... 1943
Kings Co.-F.EL,l Bt,5,!t.,ga. A. 1929
40
42
lit , 1a i . A Dav., 5 8 . . . . . . . . 1919 112
Pitts. A W est—M. 5s, g.1891-1941
i29% Lake Erie A West,—2d g ., 58.1941 101 102 Pitta.Y’ gst’n&A.—1st, 5s, con. 1927
i-t. a a D .,7 s ..................... 1910
1.1, a A D .,S a..................... 1910 109
Nortli’ n Oluo—1st, gu. g. 5a.l945 101 102
R ead in g Co.—Gen. g., 4 s....... 1997
79% 60
.cicairo A Paclflo D lv., 6 s . .1910 1 1 8 8 120
L, 8. AM .Son.—B .A B .—N ew 7a .’ 98 103%
R io Grande 80.—1st, g,, a -ls.1 9 4 0
109
a icera i Point D lv. fte.......... 1910
Det. M, A T.—1st, 7a............ 1906
8t. L. A. A T, H .—Term. 5 s ..1914
.. -s L. Bap. Dlv., 5 b.............1921 110 112
Betiev, A Car.—1st, 6 b......... 1923
Lake Shore—Div. bonds, 7s. 1899 107 107%
largo A South., 6a, A «* u ...l9 2 4 107
Kal, A ll. A G. R.—1st gn. 58.1938 '114
' '
Chi.8t,L.APad.—lst,g<i,g,5s 1917
lie . oenv. sink, fund, 58___ 1916 10O
Mahon’g Coal B R ,—1st, 5s. 1934 117
8t. Louis 80.—1st, g<L g. 43.1931
90
ja k ota A Ul. South,, 5 a .... 1916 107 111
96
93
LehlghV. dll. Y.—1st gn.g.4%a,1940
do
2d incom e,5s. 1931
M il A Nor. m ainline—6 a ... 1910 1 19V 121
l^ h lgli V.Terin.—1st gn, 5a,g.l941 106
107%
Car. A S haw t.—le t g . 4 s___ 1932
. me. ANorw.—80-year deb,5e.1921 no
Lehigh V’y Coal—1st 5s,gu.g. 1933
Bt. L. A 8. F.—2d 6a,g., ol. A . 1906 113 116
**eanab» A L. 8 .1 st, 6 s ....1 9 0 1
92%
Lehigh A N.Y.—1st, gu. g. 48.1945
2d, 6s, g., class C . ............ .1906 114 115
ore M, A Minn.- 1 s t , 7 s ....1 907
Elm iraO.Al>'.,lst.g.lstpf.6s.l914
1st, trust, gold 5s............... 1987
U«| Midland—lat, 8a.........1900
Guar., gold, 5s................... 1914
Ft. 8. A V .B . Bg. - 1 s t , 69.-.1 9 1 0 100
Me. A Milwaukee—1st, "s.189 8 104
ldtohf. Oar. A West.—1st 6a. g.1916
St.L.K aD.AS.W ,—1st, g ,,S s.l91 6
4 in. A 8 1 F.—2d, 78.............1907
130
Little Rook A M.—1st, 5s, g ..l9 3 7
8t. Paul City R y ,o o n . 5s, g .,.1 9 3 7
all. A Mad.—le t. 6 « ........1 9 0 5 io s *
Long Island—
Gold 5s, g u a r ........................ 1937
, a . a p . a 8t. p .—i s t , 5 « . i s o s 107%
1st, 7 e .................................... 1898 106
Bt. Paul A Duluth—1st,5 s ___1931 109
korthern 111.—let, 58........... 1910 107%
Ferry, 1st, g „ 4% s................ 1922 •83
36
2d mortgage 5s.......................1917 1 0 0 % 105
MIL L, 8.AW .—Con.deb. ,5s. 1907
Gold 4s.................................... 1932
Bt. Paul Minn A M.—2d M ,6 e.l9 0 9 119%
Bleb. Dlv., le t, 6s.............. 1924 u g t.
N. Y. A R’ way B . - l s t , g . 58.1927 " 9*8 *
Mlnneap. U nion—1st 6 b. . . 1922
127
Ashland Division—le t, 6s 1925
130
42%
35
26 m ortg., to o..................... 1927
Mont. Ceu.—let, guar., 69.. 1937 117*' 120
UO.K.I.AF—D.M ,Al'\D,lsc4a,1905
N .Y.B.A m .B.—lat,con. o s,g .1935 104 106%
1st guar. g. 5s..................... 1937
at, 2%a................................1905 •62%
East. Minn,, 1st dlv. 1st o s .1908 108% 107%
Brookl’n AMontauk— 1st,6s. 1911
Kxtenalon, 4s.....................1905
Wf’ u arA SiouxF,—1st, g,5s.193s 106% 107%
1st, 5 s .................................. 1911
Keokuk A D ob M.—le t,5 a -. 1923 101
102 %
San Fran. A N. P .—1st, g., 5s.1919
No. Shore Br.—1st eon.5s,g,1932
CMe,8t. P .A Minn.—1 st,6a...1918 129%
Sav.Fl.AWeat.. -1 st. oou. g.6s.l934
Louls.Evans.A8t. L.—Con.5s.1939
30
at. Pam A 8. C. -la t , 6s....... 1919 129% 130
Louis. ANash.—Cecil. Br. 7 s..1907
Seaboard A R oan oke—1st, 5 s .1926
110
QMe. A W. Ind.—lat, s. £., 6s. 1919
E. H. A Nash.—1st 6s, g . . . . l 9 l 9 114%
45
S eat.L .8.A E ast.,lst6a,asst.pdl93 L
General mortgage, 6a.......... 1932 i'1'7 * il*9*
Pensaooia Division, 6s.........1920 10U
Southern—Ala. Cent., 1st os.1918 110
Chic. A West, M idi.—5 s.........1921
8t, Louis Division, 1st, 6 s ... 1921
A tl. A Char.—Incom e, 6 e ... 1900
Of] Qq
iq q a
Gin flam . A D.—(jo n .s. t , 7e.l905 T ie *
Colum. & Green.—1st, 5-6S.1916
*d, gold., 4% s..........................1937
Nasllv. & Decatur—i ’st, 7s"! 1900 107
E. fe n n .V . A G a.—Divis.Ss 1930 113
Oin, u . A Ir’n—l « , g u . 5»,g .l9 4 1 n o ’ 111
R ich.A Dan.—E q. a, f. g, 5s. 1909
6. f.,6s.—8. A N, A la .............1910
Wav. *k. A Col.—Eq, a 2d 68.1930
50-year 5s, g .,.......................1 9 3 7
Dehen. 5s, sta m p ed _____1927 '*95%
99
cn v.A C an .- Tr.etf8,forla*fta.l9l7
75*
Pens. A A t .- 1st, 6a, g o ld ...1921
V ir’a MM.—Serial ser.A , 6s. 1906
100
a C. C. A Bt, U—Gen., g. 4 « .. 1993
Collat. trust, 5s, g ................ 1931 100
Series B, 6 s ....... .................. 1911
Cairo division, 4a..................1939
Series C, 6s.......................... 1916
L.AN. A M.AM,—lst,g .,4% sl945
•-i.Don.blv.—Iatool.u't48,g.l990
95%
Series D, 4 -5 s ...........
1921
84
Nash.Flor.A8.—lat, gu., 5 b. 1937
ftprlnx-ACol.Dlv.— lat.K. 4s. 1940
85
Kentucky Central—4s, g . . . 1987
series
E , o s .........................1926
87
abueW .V ai.D lv.—lat,g.4s. 1940
L. A N ,—Lou. C.&L.—g. 4% s.l931 106%
Series F, 5 s..... ........
..1831
lu.Wab.AM.Dlv.~-1st,g.4s, 1991
89% 90% Lou-AJeh. BdgeCo.—G u .g,4s.l94 5
Gen., 5s, guar., stam ped .1936 101%
0 ® . t. S c 1,. A 0 .—lat,*.,48.1986 101 102
LOu.N.Alb.ACh.—G en.in.g.5s.l940
Wash.O.AW.—1st our.gu.4s.1924 *113% 115
43
Gunned, 6a...............................1920
Memphis A Chari.—6s, g old .. 1924
Ter. As’n o f St. L.—1st, 4% s.l939 108
liln.8an.Ata.—O m .l« ,g .6 a , 1928 111
Mexican Cent. Consol.—4s, g,1911
1st, con. g. 5 s ...............1894-1944 108% 107*'
70
Indiana B. A W,—lat pf.7a.19go *107
St.L.Aler. B r.rerio,,g.5a,gu..l93o
1st, (sons. Income 3s, g_____1939
O lio Ind,AW.—1stpret.5*.. 1938
Texas A N ew Orleans—let,7 s.1905
Mexican National—1 st,g,, 68.1027
peer. A East,—Incom e 4s ,.1 9 »0
2d, incom e, 6s, “ A” ..............1917
Baoine Division, 1st, 6a....... 1912
7%
1 . C«1 Cl*. A inn.—1st, 7 s,a f.l 899 108%
2d, incom e, 6a, “ B ” ............ 1917
1943 •93
Consol. 5s, g ..................
c ,> aol >ink, fund. 7 s .......... 1914
Michigan Central—6 s..............1909
Tex. A Pae., E. D.—1st, g. 6S.1905
i tn.A H p r.-1«t,U,C.C,A1.7a. 1901
C ou p on ,5 b............................... 1931 118
Third Avenue (N.Y).—1st 5s, 1937 122 %
C > w Lorain A Wb.—t i t , fts.1933
100
Mortgage 4a........................... 1940 103
T.AO.O.—K au .A M ., Mort. 4s. 1990
77Sg
75
Oipffe A Man, V.—(Sold,oa__ 1938
Tol. Peo. A West,—1st, g., 48.1917 __
63
Bat. UArttrgJs.—lst,3s,g.gu, 1089
Dei. t . « * . A W.—M ore 7a___1907 126%
Minn.A 81. L . - l s t , g. 7B .1....1927 140%
100
Ulster A Dei.—lst,oon .,6 .,5 s.l9 2 a
ryra. King. A S, ¥.—lat, 7«.190u 123% 125
Iowa Extension, 1st,7s.......1909
Onion Pacttto—1st, 6 a .............1896 101*% 102
124
w a m » * iS a * e i-la i,7 « ___1914 143%
Southwest E xt.—1st, 7s.......1910 123
1st, 6a....................................... 1897
103%
..................1900 111
1
2
1
%
Pacttlc
E
xt
—1st,
6
a
............
1921
1st, 6s...................................... 1899 102 103
I, c
............... . 1 9 0 1 ......
111............
%
M u.K .A Tox.—1st, ext., 5a, g .l« 4 4
Collateral Trust, 6 s.............. 1908 •99
10
2
%
—
lat,
7 » .............1915: ____ 1144
C alls'oral Trust, 5s.............. 190'
M o.K .A T .orT ex,lat,gu.5s.g.l942 ‘ 72
#arr
................. l o w ! 109 I
Kansas
Paoillo—
le
t
6s,
g
.,.1
8
9
5
109%
Kansas
City
A
P
,,lst,4H
,g,.1990
71*
09
.—.r«»-‘ »v,,eou p. '*.1917 142 1.......
U.MMc
1st, 6e, it................................1896 . . . . .
Dal. A W aco—1 s t,5 s ,g u ..,.1940
aibei
: St!I*4 —ItttgYL* ». 19061 . . . . I . . .
O. Br. U V. - F , IS., 7s.......... 1895
Missouri Paollie—Trust 5 s ...1917
UL
fititr,,
l » 00! l i e i n ?
1st ooll., 5s, g ........................1920
Atch. Col. A P a e —le t, 6»...19l)5
50
i*t- ?m p,, '*.1921 1 4 0 % , . . .
Ateh. J. Co. A W.—lat, 6s... 1905
«t. L.A1. M .-A rk.B r.,lst,7».1 895 103 105
f —immn. «*, 4.1916 . . . . . .
. . . Mobile A Ohio—la t ext., 6 s ...1927 112
U, P. Lin. A Col.—1st,g., 5«. 1018
* Ky
.ii,1911 ..
81. L. A Cairo—4a, g u a r.___1931 *82
Utah A N onh.—1 st,7a....... 190S 115
1
D*i
-.1928
'8
1
.
.
.
;
Gold, 5 s ................................ 1928 102
florgan’s
La.
A
T.—la
t,
6a,...1
9
2
0
114%
I t ,:
*. g,
r.A.1911
: o I 20
1
st,7s.............
1018
Utah
Southern—Hen., 7s ..1 909
124
75
76
IM
tm titm,
Exton., 1st, 7 s ....................1909
76
Nash. Chat. A Hi. L. -2 d , Os..1901
109
75
,N. O. A. No. L. -P r. 1., g „ 6 s..1915
Wabash—
1041 106 :N. V. Central.—Dab, g .'4 s ....l9 0 5 104%
Debenture, 8er, A ...............1939
117* 1121
Debenture, Series B ............1939
19
N. J. Juno—Guar. 1st, 4s. ..1 98b l o t
18
112% n i t
Det. AC hio. Ext. 1st, 5a, g .1940
89
Beech Creek—1st,gold, 4 s ..1936 107 108
*116% 119*
Osw. A Rome—2 d ,5s,g.,gu ,19 I5
8t L .K .C .A N .-8t.C .B dge6s.l908
101 % ......
Utica A 111 R iv.—la, g,, gu.1922
48
West N .Y .A Pa.,geu.g. 2-3-4s 1943
» Y A Put.—lat, g.’, 4«. gu.1993
13
Incom e 5 s .......................
1943
i i & ’ ltss* N, l . N . II. A H .—let, r e v ,4.8.1903
W est Va. C. A Pitts,—1st, Co. 1911
a n % ....... '<• V- t\ Nortli.-ru—1st, g, 5 s.. 1927 118 119% W heel.AL.E.—1st- 5s, g o ld ... 1926
91
,1909: 106% ....
> ’*’•
A West --2 d , 4 % a .l0 3 7
W heeling D iv „ 1st, 5s, g . .. 1928
1922!
1•rmliml, 1st, g, 8 * ............. 1053 107*
Extension
A
Im
p,
g,,
o
».......19.
j0
1 >913
Wls, Cent, inoom efts. .. ...1 9 3 7
• Wim,-V i-cHi-—1st,gtd.,«.5s,1U42
00

o OMe—Ool, A Utn.M.l «,*%*. 1»3»

.....
‘ ........

J total bills made I Ilia week. F o r t l l a d e l l a u o o u s 8 0 u d s —See 3 d p a g e preceding

THE CHRONICLE,

AlRIL 17, 184 7 J

R oads .

In te llig e n c e .

RAILROAD
EARNINGS.
The following table shows the gross earnings o f every
s t e a m railroad from which regular weekly or monthly returns
can be obtained. The first two columns of figures give the
gross earnings for the latest week or month, and the last two
oolumns the earnings for the period from January 1 to and
including such latest week or month.
The returns o f the street raihvays are brought together sep­
arately on a subsequent page.
Latest Gross E arnings.
B oads

Week or Mo I 1897.

7

Latest Gross E arnings.
Week or Mo

AN D

R a ilr o a d

747

1896.

•! Jan. 1 to Latest Date.
1897.
*
I
35,538'
408,865
13J.086

1896.

$
20,571
20,571
16,103
A dirondack....... F e b ru a ry .'
28.263
27,802
Ala. Gt. South.. 1st w k A p r
27,802
23,719
378,365
62,405
Ala. M idland . . . February .
62,405
54,808
119,031
Ala. N. O.Tex. & Pac. J uuc.
46.000
42.000
338,755
348,843
N Orl. A N. E. 4thwk Moll
16.000
156.992
143,725
Ala. 3c Vicksb. 4th wk Mch I 21.000
148.284
23,000
18,000
134,180
Vicks.Sh. A P ithwk Mch
346,719
A llegheny V al.. F ebru ary. 169.322 171,823
360,539
25,717
20,633
326.348
293,305
A nn A rb o r........ 1st wk A pr
7,939
8,502
3.502
Ark. M idland... January...
7,9391
Atch. T. 3c S. Fe. February 2,192,900 2,208.951 4,430,039 4,693,615
144,639
Atlanta 3c Char. January... 144,639 127,4 r 6
127,426
48,067
45.986
101,686
A tlanta 3c W. P. February .
96,899
12,499
12,184
136,242
Atlan. A D a n v .. 1st wk Apr
139,831
A tlantic 3c P a c.. February . 302,260 291,299
580,711
5e4,781
6,693'
5,402
AugustaSout’ n. January...
6,693
5,402
Austin 3c N’ west February .
17.533
18,617
34,787
39,218
31.800
28.024
75,600
Balc.Ches.3c Atl. M arcn.......
77,297
Balt. 3c O h io .... M arch....... 2,100,467 1,916,268, 5,828,679 5,272,205
Bal. A O. Sou’ w. 1st wk A pr 113.611 114,814 1,566,336 1,613,330
B angor A Aroost January...
53.499
50,025
53,499
50,025
Bath3cHam ’ nds January...
2,026
2,0 a 6
2,026
2,046
5,344
Bir. 3c A tlantic. M arch.......
2.065
1,588
5.503
88,720
Brunsw’k3cWest February .
37,828
43,412
96,022
Buff. Koch. APitt 1st w kA p r
52.999
65.886
783.578
771,168
71,944
Buffalo A Susq.. February .
34,881
32,623
68,541
993,514 1,217,421
Bur.C.Ran.3cN . le t w k A p r
58,273
6s,e58
OanadianPacific 1st w k A p r 379,00c 336,000 4,473,018 4,639,657
Car. M idland... March.......
5,018
3,565
17,05 6
14,427
Cent, o f Georgia 1st wk Apr
69,428
73,9021 1,446,566 1,537,539
Central o f N. J. February . 848,939 821,549 1,704,155 1,831,117
Central Pacific. February . 804,251 880,249 1,663,164 1,736,739
Chariest’ n&Sav. February .
69,913
67,873
134,899,
121,351
Clies.3c O h io .... 1st w k A p r 209,032 190,394 2,938,874 2,724,728
Chic. Bur. A Q .d February . 2,769.462 2.568.416 5,442,090 5,162,021
Chic. & East. 111. 1st w k A p r
84,362
78,855 1,072,624! 1,096,285
Chic. Gt. West’n 1st wk Apr
98,385
83.093 1,234,602 1.288,544
Ohlc.M il.ASt.P. 1st w k A p r 494,740 548,814 6,961,254 7,933,468
Chic. A N ’ thw’ n. F ebru ary. 2,206,831 2,^84.172 4,302,967 4,831,541
Ohio. & No. P ac. February .
60,189
70,556
138,310
145,084
Chic. Peo. 3c St.LJ M arch.......
70,331'
84,000
203,492
241,385
Ohlo.K'K I .A P . March....... 1,237,493 1,275,661 3,329,135 3,576,096
Chlo.8t.P.M.3cO. F e b ru a ry . 523,636 561,812 1,061,559 1,174,593
Ohio. 3c W. Mich. 1st wk A p r
29,496
28,21a
380.555
385.010
Choc. Ok.3c Gulf February .
88,328 101,132
230,610
201,231
Gin.Ga. <fc Ports. M arch.......
4,156
13,580
12,049
4,721 i
Gin.Jack.3c Mac. 1st wk Apr
14,033
183,513
175,453
12,298;
Oin. N.O. <fc T. P. M arch....... 289,526 280,919|
814.3221
824,076
21,553
Gin. Ports. 3c V. January...
17,652
17.652
21,553
Clev.Can. A S o .. Ithw kM ch
18.224
142,957
139,329
18,057
Oi.Cln.Ch.ASt.L 1st wk A pr 240,141 239,102 3.349.423 3,302,472
Peo. A East’n. February . 137,249 139,490
294,289
262.656
CLJLor. A Wheel. 1st wk Apr
20,344
277,738
309,337
22,640
387.579
Col. M idland___March.........
137,098 149,9281
439,442
Col H. V. 3c Toi. M arch....... 188.92o 209.8871
524,762
622,057
CoL3cRed Mount February .
11,552
22,778
OoL Sand’y A ti. M arch___
56,863
170,093
178.527
55,656
Colusa 3c L ak e.. March.......
1,150
3,800
2,700
700
C ry sta l.............. January...
463
463
1,178
1,1781
C um bT d Valley February .
50.675
120.901
105.859
57.198
D en v.A R io Gr. 1st w k A p r 121,700 124,200 1,550,758 1.747.349
OesM . A K au .C 4thwkM ch
3,561
34,324
26,249
3,281
Des.M. N. 3c W .. March.......
29,699
92,067
113,945
39,781
Det. G.Kap. A W. 1st w k A p r
24,492
267,630
303,761
20,432!
Det.& M ackinac February .
46,635
82,647
74,099
42,991
430,296
DuluthS.S.AAti. ithw k Meh
49,427
315.173
41.970!
343,705
E lglnJol.AEa«t. M arch....... 100,154 134,195!
273,870
E rie .................... February . 2,175,542 2,148^807
4,398,162 4,492,884
Rn mini Springs. rio/mnibar
~»Q11
A iliii
Eureka
December. " -15^591
61.264
02,889
4,961
79,432
E vans.A lnd’plls 1st wk Apr
5,391
64,867
5,580
Evans. 3c R ich ., ithw k Mch
3,429
23,058
16,147!
3,211
Evansv. T. H . 1st wk Apr
16,968
300,584
241,783
19,439
492.296 491,042 1,020,064 1,089.060
Fitchburg.......... February .
Flint. 3c P.Marq. 1st wk A pr
57,465
721,177
748,581
50,5 u7
547,819
Fia.Cent.3ff Pen. 1st w k A p r
57,222
611,590
51,853
215,776
Ft. W'th3cDen.C. ithw k Mch
20,954)
234.00b
17,710
91,523
Ft. W. 3c Rio Gr March.......
17,934
04.511
24,073
2,600
Gads. A A tt. U. M arch.......
699
2,068!
844
450,482
453,509!
G eorg iaR R ....... 1st w kA p r
24,560
22,203
147,119
Georgia 3c A la .. Ithwk Mch
19,653
265.667
11,473
163,824
G a C a rla 3c No. February .
9 1.071
181.993
70,494
220,667
Geo. So, 3c Fla..|M arch....... I 67,653 i
214,5331
63,498,
519,411
Gr. Rap. A ln d .. 1st wk Aprj
37,241
476,800!
30,739,
113,446
99,332
Cln.K. 3c Ft.W. 11st wk Apr:
7,947
8,314
12,090
rraverae C ity. j 1st wk A pr
693
10,501
850*
31,604
20,777
J ia o . (4. K A I J l d t wk Apr
1,928
2,863
079,551
613,422
Tot. aU lines 1st wk Apr
47,809
50,766,
Grand T ru n k ... 1st wk A pr 350,408 341,012 4,308,403 4.250.349
804,496
720,737
Chic. 3c Gr. Tr. tth wk M ch
82,335
81,816
203,972
229,631
Det-Gr.H.AM . ithwk Mch
27,689
24,935
30,582
24.512
ClmSag.3cMac IthwkM ch
3,378
3,505
15,135
24,405
Tol.S.3c Musk, ithw k Mch
2,713
1,668
Great North’ n2,834,344
2.583.424
St. P. M. 3c M March.......
998,543 1,102,120
359,709
East o f Minn.. M arch.......
260,956'
88,906 131,730
450,172
402,069!
MontanaCent. jMarch.......
165,858 151,636
T ot.system . March....... 1,253,307 1,385,486 3,306,449 3,644,785
15,671
20,381
6,833
CPUB ’nwt&K.C. March.......
10,238
10,057
11,326
2,823
G o lf 3b C hicago. March.......
3.673
11,466
10,562
3,955
Hoos.Tun.AW il. M arch.......
3,760
482,276
477,167
Ho us. 3c Tex. Cen jF ebruary. 236,641 208,743
15,400,738
Illin ois Central♦; March....... f 1726161 t 1724831 t5,405,210
123,888
7,036
104,861
Ind.Dec.3c West. 1st wk A pr
5,873

1897.

1896.

)
\Jan.\ to Latest D ate.
1897.

1896.

$
$
$
Ind. 111. A Iowa. F eb r u a r y .
127.517
77,617
56.985
156,632
In.A G t. North’n 1st w k A p r
893,421
60,536
62 584
817,409
{Interoc. (Mex.) W k.Mch27
623,659
43,989
57,635
518,672
26,247
Iow a C entral... 1st wk A pr
402,225
32,277
539,251
Iron Railw ay. . March. .. .
10,154
4,475
3,146
12,573
Jack. T. A K. W. February .
54.974
27,989
30,668
59,199
Jamest’n& L . E January...
2,313
2,313
Kanawha&Micli 1at wk A p r
119.760
8,282
8,559
124.506
K.C.F.8cott AM. 1st w k A pr
70,549 1,183,617 1,154,581
64,611
K.C.Mem. A Bir. 1st w kA p r
335.837
22,122
17,446
313,788
Kan. C. N. W .... March.
94.093
30,677
20,503
66,902
Kan.City A Om. 1st wk A pr
62,332
2,242
2,875
25,033
K.
C. Pitts.
395,580
8,940
1stAwGk..A p r
38,265
160,440
Kan.C. Sub. Belt 1st w k Apr
90,773
5,066
7,186
68,673
Keokuk & West. ith w k Mch
84,633
12,064
9,051
104.709
L. Erie A ll <fe So. March
20.377
6,272
5,883
18,303
L. Erie & W est. 1st w k A p r
852,524
59.654
61,503
898.506
Lehigh & H ud.. March.......
81,630
32,452
26,013
93,879
L ex’gtoD&East. F eb ru a ry .
26,860
14.655
13.322
32,142
Long Is la n d ___ M arch....... 239,608 233.928
623.354
631,219
Los Ang. Term. M arch.......
17,741
7.374
6.589
23,860
Louis.Ev.&St.L, 1st w k A p r
344,131
365,321
23.665
25,230
Lou. Hen. & St. L. 1st w k A p r
] 14,920
7,634
7,265
111,757
Louisv.&Nashv. 1st w kA p r 371,980 349.670 5,224,059 5,235,707
Macon <fe B irm .. March. ...
17,213
4,434
5,270
17,747
M anistiaue....... March,
29.094
12,199
5,576
33,408
Meinphis&Chas ithwk Mch
318,709
39,049
46,836
341,974
{M exican C ent,. 1st w kA p r 240.172 186.079 3.454,509 2,652,441
M exican Inter’ l. February . 257.230 245.106
479.653
518,2)6
{Mex. National. 1st w k A p r 105,376
76,109 1,550,820 1,287,650
M ex. Northern. February .
109,414
73,229
56,006
149,177
{M exican R ’ way WkMcli.27
866,500
73.000
730,500
58,000
M exican S o....... 3d wkMar.
152,619
13,284
13.000
118,202
Miimeap.&St.L. 1st w kA pr
454,264
31,553
29,13“
488,233
M.
St.P.&S.St.M.
746,325
851,274
64,290
66,- 80
1st w kA p r
Mo. Kan. A Tex. 1st w kA p r 227,633 212,076 2,851,549 3,033,727
M o.Pac.&IronM 1st w k A p r 345.00U 354.00
5,731,000 5,627,508
Central Br’ch. 1st w k A p r
272.00180,935
12,00
13.00
T otal............ 1st w k A p r 358,00(
366.000 6 003,00< 5,808.443
M obile & Birm.. 1st w kA p r
76,356
86,847
4,282
5,593
M obile & O h io.. March
967,307
877,760
318,908 288,329
Mont.<fe Mex. Gif iMarch
351,143
295,671
13S.085 104,037
Nash.Ch.& St. L. M arch.......
415.204 404,943 1,249,237 1,287,880
Nel. A Ft. Sh’p ’u February .
19,129
9,247
5,000
9.375
5.486
Nevada Central. February
3.638
1,911
2,811
3,599,304 10,241,000 10,283,911
3,799.597
N.
Y. C. & H. R .. M arch..
...
823,634
869,395
N. Y. Ont. A W .J 1st wk Apr
59,753
66.528
324.276
N.Y.Susq. & W .. IFebruary . I 143,801 144,168
322,062
Norfolk A West. 1st wk Apr 208,891 201,298 2.724.260 2,972,272
V A T ^ h o a 'n ICSes \ j a n U a r y > I
Northes’n(Ga.)
5,429
6,105
6,105
5,429
North’n Central February
953,987
548.631 442,778 1,074,517
North’n Pacitio 1st wk A pr 242.205 338,580 3,581,010 3,991,312
Oconee A West. F eb ru a ry .
5,892
6,416
2,936
3.490
Ohio R iver........ 1st wk A pr
243,192
215.838
21,778
18,069
Ohio R iv.A Chas M arch.......
55,079
52.589
17,730
18,762
Ohio S outhern.. M a r ch .....
153,575
193,299
03,418
56.523
Ohio V alley....... January.
27.287
27,287
Oregon Imp. Co. February . 214.783 226,900
471,165
457.470
Oreg.KR.ANav. M arch___
951,574
869,855
312,794 283,342
Pacific Mail___ February
647,370
7 l9 .8 a 8
363.181 343.897
Pennsylvania.^ February 4,486,234 4,040,034 9,241,905 9.639,805
PeoriaDeo.AEv. 1st wk A pr
231,226
229,181
13,273
13.378
Petersburg........ February .
91,941
84,394
45,084
44,610
Pliila. & Erie___ February . 280,572 246,682
535,429
535,777
Phila. A R ead... February . 1,473,327 1 350.300 3.011,754 3,137,422
Coal A Ir. C o.. February . 1.510,195 1,504,341 3.204.261 3,357,792
Tot. both Co’ s. February . 2.983,522 2,854,647 0,210,015 6,495,214
84,826
Ph. Read. AN. E. F eb ru a ry .
100,581
^9.982
42.398
Pitts.C.C.ASt.L. M arch....... 1,130,233 1,210.284 3,289.920 3,624,055
10,334
11,806
Pitts.Lisb.AW ’n M arch.......
3,376
4.104
140,117
110,067
Pitts. Sh. A L .E . M arch.......
45,351
41.801
379,394
358,151
Pittsb. A Wes’ n. 1st wk A pr
34,087
28,238
196,463
174,892
Pitts. Cl. A Tot. 1st w kA p r
16,894
13,682
48,018
48,302
Pitts. Pa. A F . 1st wk A pr
0,187
5,790
628,809
586,612
Total system.. 1st w kA p r
57,168
47,710
233 413
195,721
Pitt.Young.A A. M arch.......
90.951
81.124
72,143
67.746
Quincy O.a K.C. M arch.......
25.778
25,936
109,615
98,549
Rich.Fr’ksb AP. February .
54,767
49.985
54,642
48,538
26.662
Rich. A P etersb. February .
25,067
111,844
83,528
7,984
R io Gr. South’n. 1st wk A pr
5.829
529,271
552,474
Rio Gr’de West. 1st w k A p r
38.700
37,800
69,374
70,041
St.L. Ch.A St.P. M arch.......
23,560
22,130
13,155
14,506
8t.L.K en’etASo. M arch.......
4,879
3,785
976,326
887.578
St.L. ASan Fran. February . 471,938 483,470
St.L. Southwest 1st wk Apr
81.700 1,178,900 1,300,910
74,700
291,587
276.872
St. Paul A D u l.. M arch.......
99,080 103.938
271,301
283.342
San Ant. A A. P. February . 131,420 127,520
146,978
137,392
8 an Fran. A N . P. M arch.......
49,724
49,494
588.779
575.342
Sav. Fla. A W est February . 267,670 285,130
68.926
72.466
6,155
Slier. Slirev. Abo. Ithw kM ch
8,941
30,442
22,680
14,966
Sil. Sprs. O. A G. February .
10.529
77,140
52,260
12,471
S ilv e rto n .......... December.
3,554
3,625
4,904
1,487
1,930
So. Haven AEast M arch.......
So. Pacific Co. 860,433
725,833
385.870
348,302
Gal.H ar.AS.A F eb ru a ry .
172,828
173 297
76,331
85,860
Louis’a. W elt. February .
904,614
858,201
Morgan’sLAT. February . 421,638 401 015
29,372
43.974
13,627
N .Y .T . A Mex. F eb ru a ry .
20,177
228,401
250,013
Tex. AN. Orl.. F eb r u a r y . 123.918 100,295
Atl. P rop’tes.6 F ebru ary. /1010692 ^989,077 f 2,080 450 / 2,230,564
Pacific system F eb ru a ry . 2,127,057 2,464,382 4,442,082 4,847.870
Total o f all.e February . 3,417.763 3,702,490 6,801,940 7,327,465
So. Pac. o f Cal. February . 652,45b 830.043 1,381,992 1,629,141
437,994
415,084
So.Pac.ofAriz. F eb ru a ry . 203,011 220,017
209,963
206,335
So.Pao.ofN.M. F eb ru a ry . 103,038 100,919
310,547
2*5,973
Northern R y .. F eb ru a ry . 138,659 150,507
5,008,400
5,155,696
Southern R y .... 1st wk Apr 333,498 310,795
51,783
92,80-4
26.005
46,149
8pok.F’ls A Nor. F eb ru a ry .
76,546 1,678,657 1,106,132
77,017
Staten I.Rap.Tr. November.
2,107
1,474
995
098
StonyCl. AC.Mt. February .
154,404
139.059
67,709
63,145
Summit Branch. February .
150.477
144,499
07,897
04,458
Lyk. Val. Coal. February .
304,881
283,55Tot’l both Co’ s F eb ru a ry . 127.603 135,606
63,854
50,181
3,842
3,846
Texas C entral.. 1st w k A p r
1,732,770
1,747,475
Texas & Pacific. 1st wk Apr 109.117 107.044
8,072
8,895
2,237
3,041
Tex. 8.V.& N.W. M arch ...
458.929
420,134
31.2&0
28,785
Tol. & Ohio Cen t. 1st wk Apr
253,524
217,235
23,422
17,720
T ol.P . A West.. 4th wk Mch
488,755
563,171
36,233
42.152
Tol. St. L. A K.C. 1st w k A p r
682,148
752,887
67,410
73,430
U n.P .D en .A G .. 4th wk Mch
Union Pacific—
Union P. R R .. F ebru ary. 986,097 925,467 1,987,840 1,862,796
7 5 0 ,2 8 3 ^
752,770
Or.S.L. A U .N . February . 354,867 363,583
156,932 %
285,748
12,850
13,300
St. Jos. A Gr. I. 1st w kA pr
180.934
265,077
12,000
13.000
len t. Bran oil.a 1st wk Apr

?4 h
Eojupc

TH E
L-ale.il O rem H o rn in g ,

WttKar Ut

1897.
8

A U l a J O P / Fvhm * r y .
30,673
Aeh-J.Cl A W ,
80,62;
O auB r.AL'dL F«*briia.n*,
tir'd Sol4fci.*< Ft’lm mry , t,6 s5 ,6 l7
l* l wk Apr
W *bwh
Wimso A Nort&w Ft>l>nmry ,
IS ,4*9
W,
AS#'!!’ V frb n m ry , 128.117
W. V ,Owl A Pi a# f
97,607
W s«t VA A Pitt* Jan Huary*...
27,1 U
Wmi#.m 0? Ala, . KeUrmiry .
56,220
w m t n V. A Pa U t w kA pr
40.5oO
Wseei. A L RrG t#t wfe Apr
23,276
W
Otm% U t «*k A pr
70,84#
F ebru ary .
7,7 79

1896.
i

CHRONICLE.

Jan. 1 to Latest Da e

4(5 week of Ifarc*

1896.

1897.

Dbb Moines A- Kan. City.
Otluth 80. Shore * AG
Evansv. * Riohm imil.. . .
Georgia Sr A la b a m a .......
Indiana Decatur A West
tnteroceam o (M ex,j........
Ksoituk * Western..........
Mamtmis A Charleston..

*

•

I v o l . LX.1V,
1897
8
3,561
49,427
3.429
19.653
8.924
57.635
9.011
46.830
73,000
9,789
73,80u
3.0 U
17,720

1896
$
3.281
41,970
3.211
11,473
10.414
43,«8>
12,061
39.04 1
58,000
6,416
70.700
4.537
23.42

Increa se j D scexse.
$

23'
7.457
218
8,180

?

18,209
72,653
116,291
180.077
1,520
3,368,410 3,046,962
'13 646
205,SHi 2,8 i 6,74 ¥ 3 ,m ,2 G 0
3,013
40,015
‘20,877
33,038
” 7,7 8?
12L545
252.102
261,137 Mexican Railway......... .
I ’l.OOO
2 73-572 Mobile & B irm ingham ...
859.794
102.971
3,371
Rio
G
rande
W
estern___
27,141
27,533
27.513
3,190;
47,031
113.435
99,7*8 Texas Central...................
* 913
<118,429
33,800
632,713 Toledo P eoria & West’ll.,
5,702
_r*‘ ” ■
305,313
21,771
216,019
Total :83 r o a d s __ __
907.4 >3
9,771,502 9,070.590
71,537
9 8 0,341
958,767.
257,864
8,681
15,929'
17,772 S et liiCTsasa (7-73 n.
700.903;
- h c t t w given do not Include Oregon By. * Hm „ On. Pae. D e n ve r*
S o il, Denver l.iadvtUe A Gnnnleon, Montana Union and Leavenworth
Net. Kiirulurg Monthly to Latest Dates.—The following
Top-'It a A aootli *«>«tern. uThM etigures Include results cm eased lines.
« Include* earnlnr* from ferries, ere., not given separately, j Mexl- shows the gross and net earnings to latest dates of all S team
#*n eurreoev. t Inolndea only h all o f line# In which Union Pacific hag
railroads furnishing monthly statements. The compilation
a half lBt*re*t
a Inolndea operations o f the Ohio. Burlington * Northern in b o th mcludeF every road from which we can get returns of this
27,794
53.953

| Dover® r<Mwilta for tines directly operated east o f Pittsburg.
* Include* results cm affiliated lines.
f O v er# besides Use Atlantic System th.t Houston <fe Texas C en tral,
Austin A Northwestern, Central Texas ji Northwestern and Ft. Worth
A New Orleans.
t Include* St. Louis Alton & Terre II *ufce for all periods.

Latest t.r*»s* burnings by IV00k8,——
The latest woolly earn
i ige m tb<* foregoing are separately summed up as follows :

character and in that form is given once a month. Early re­
turns art published from week to week, as soon as issued, but
for the convenience of our readers all the roads making re­
turns aie brought together here in the week in which we pub­
lish out monthly article on net earnings—say on or about the
20th of the month.

The, returns o f the street railways we give by themselves
for the Ofst week of April our preliminary btotem ant co tors
•8 roads, and shows I 'd per cent increase in the aggregate under a separate head at the extreme end. o f these tabulations
—see
page 751.
over the same week last year.
1,4 tcetk o f April.

1897.

8

Alabama G l Southern..
27,802
Ann A rbor........... ......... .
25.717
A tla n tic* Danville ...
12,499
Salt * Ohio South ives t..
113.811
Buflalo Booh, at f u n b 's
51,999
Burl. CeiL Bap. .V. Mo. Ui
33,273
Canadian Paoifio_______
379.000
Central o f G e o r g ia ........
69.128
CH4s**pease ft O h io.........
209,034
Omo».;o At E & «. Illinois.
81.362
Chicago Great W estern..
9 -.385
Cale&go Mtlw. At St. Paul
491,740
Chic, -it West Michigan__ i
29,486
Otis. Jackson ft Mackinaw
L4."3i
Oiev. Cm. Chic. * St. L ..
240.141
Oi»Y. Loraitt * W heeling
20.314
Denver ft Bio G rande...
121,700
D eiron Or. u tp. ft w e s t
24,492
Kvattav. ft Indianapolis
3,391
Evansv. ft Terre H a u te.. •
16,968
Flint ft Pero Marquette..
57,4 36
Pi a Cent. A P eninsular..
67.212
Georgia ............................
24,560
Grand Baplds A Indiana
37,211
ton. B a h . & Ft. Way at
7,947
Travers* C ity ...............
693
Mas. Gr, Rapids & Iud
1.928
Orman T ran* o f Oanaa*.'
350,408
Indiana D elator & West. !
5,8 73
Intern'i ft Gt, Nortfc’ n . . ,
62,884
Iowa Central ...................;
26,217
Kanawa* ,v M ichigan. . . .
8.292
Ban. * ity F t 8. ft Mem.
64,611
E «n. Cit.v Mem. & Birm.
22.121
Kansa* City ft Omaha. ..
2,242
K in . they r iu s b . * G olf
38,266
Kan. c ity Huhurn. B eit... f
JUaAe Eri* A %’ m u srn. ...
61,503
L oui»t. E vatisv. A St, L ..
25.23
l.HiUVPu Iier»U,A 81. L*.
7.265
IditXlMTUk A hm ti riUe...
371,980
•MO., 172
ia Nm-Uu»a.L
..
105,376
a . it s i. U hiIh
29,137
MlitH, St. P, A 8, S M ... .
01,830
Mo. &&&%a* A Ta-x. is. . ...
227,630
Mn. Pacir &A iron M l,...
34 .,00i
Lfentrml Braaclj.. ». * ..
13,00b
& HiriBtBicijauj...
5,594
N. Y. Out tfW A. Weaterr
t,ti.->2b
HorUiVu a % e^terx
2)8,891
l^aclllc..
212,20)
Oil© Rive . .**»,,**
l *,<» *y
Peoria l>»c. A Eva it*v . , .
1 J, 378
no*.,..
47,7 IU
l® Soutbr r a . . . .
5,829
i® WM3#f*|ra... .
37,800
A lid . ( MftQd.
13,300
ijytllh we* le r o ..
74,700
lUttWAj
339,4.99
3,81(1
{Ie
109, U 7
tfiii,, c
28,7#§
m J&JMKa
4.2A 52
♦* . . . !
102,390
ttyIv ;
4.0,500!
A LiSt® 1
ga, 27 i!
Wt*m**ia
Tobftl m 1
Vet limns***, j 1*3*4 j

>ver th e s a m e w
I ijk w£i$h o f M*i

Ala

$
23,710
2 LG33
12.184
114.814
65,816
68.05s
3 16 00C
73.902
19 >,394
78,855
83,09a
548,8X4
26.218
12,2*8
219,102
22.1540
12 1,200
20,43 .
5,580
19,438
50,507 i
51.353(
22,2031
38.73S
6, i l l
850

Increase.
9
|
4,083;
5,0 s i ;
315

___ _n!
41.out
13,638
5,507
15,292,
1,273
l ,t 3 5 :
1,03s
|

- mwr

4,060
6,978:
5,369
2,357!

2,86 t

311.012:
7,016
0 1,536
32,277
8,559
70,5181
17.446
2,97.5
8.046;
5,0661

50,6511

23,6651
7.6311
349,670
186.07a i
70.108
31,5531
64,290
212,070:
354,0001
12,001 ,
4,282;
59,7531
201,298
348,580
2 1 ,7 /8
13,273
57.168!
7,1184;
38,704
12,850!
84,700
310,79.
3,942!
107,04 1
31,2801
36,2331
205,820
53,901.
24,771
71,537,

§r*S§JUi: : 5,877,110

9,336
'2,048

1,203
12,887
9,785
''M 7 4

54,071

2,290
2,540
139
2,471

1.1.H

367
157
945

1,164

”6,030
4,676!
20’ 325
2,120
1,949
1,585;
22,3*10
54,033
29,207
2,590:
15,562;

l,0l/‘i.

27 7
5,938

'*'6‘3l

309

2,416
*9,6"oo

1,311
6,775!
7,593!

90,481
105

3,70.1
9.458
2,155

450

22,704

900

‘ t.OOO

4

2,073,
5,9lii

2,455
13,427

7,300

5,319
3 t2 ,8 lv

7:1,036

F o r th * L>urs>

i>7 road*, sa.i sn

1896.

1,495
262,982

Marc
tell our liual statement covers
0

1897*

’'h o t in cre a se in th e a g g r e g a t e

1896.
Increase, Decrease.
•
%
*
%
9,30 \,Q$} 8,606,041
895,72a
246,716
4%0W)
4 !,000
4.000
%l ,000
10.000
5,00?
23,000
13.00
5.0 J,

•-----Gross E arnings.----- - Xet E arnings.----- .
„
.
1897,
1896.
1397.
1896.
Roads,
s
$
*
*
A d iron d a ck .............. Feu,
20,571
16,103
10,609
7,928
Jan. 1 to Feb. 23. . . .
35,538
28,2b“3
17,630
12,208
Alabama G t.Soutoa., Feb.
127,415
108,429
29,602
20,162
Jan. 1 to F -b 24 . . . .
202,589
241,146
70,400
56.569
July 1 to F eb. 23. . . . 1.131.634 1,161,189
407.959
432.355
Alabama M idland.... Feb.
62,405
54 803
14,211
10,848
Jan. 1 to Feb 28 . . . .
1.44.046
119,0.41
38,424
29,020
Ju ly l to Feb. 28-----470,305
439,078
100,280
,83,297
Allegheny V alley___Feb.
169,322
171,02 4
56,922
52,770
Jan. 1 to Feb. 23.......
3 16.719
360,539
119, 239
106,951
Ann A rb o r.................Feb.
95,665
83,605
20,841
Jan. 1 to Feb. 2 6 .....
194,256
174,155
55.743
Arkansas M idland...Jan.
7.939
8,502 def.4,034
3,02
AtoU.Top. & S. F e .b .fe b . 2,192,930 2,2 04,9 51 ■483.809
*616,642
Jan. I to Feb. 23....... 4,430,039 4,693,615
926.764 1,380,318
July 1 to Feb. 28. ...2 0 ,6 1 7 ,2 0 4 20,102,978 *5,913.3 6 4 *4 ’9 2 5 3 3 4
Atlanta A. W. Point..Fob
43,067
45.936
21.070
20,098
Jan, 1 to Pe.b. 2 8 ___
101,886
98,839
47.510
42.484
July 1 to Poo. 23___
392,099
339,996
169.907
167,193
At-lantio ,fc Danville,.Feb.
36,8 15
43.35 1
7,L,05
7,372
Jan. I to Feb 2 8 .......
77,759
lo .n i
83,106
19.683
July 1 to Feb 23.......
351,813
379,324
82,903
87,444
Atlantic & Paotflo.... Feb.
30 2 ,2 6 )
291,299
69,993
58,278
Jan. 1 to Fob. 24____
580, / 1 1
5 14,781
123,572
84,644
July 1 to Feb. 23....... 2,227.773 2,371,333
499,267
250,103
Augusta Southern.,.. Jan.
6,693
5,402
2,073
1,313
A u s t in * N orthw ...... Fob.
17,533
18,617
0.331
4,465
Jan. I to Feb. 28.......
31,787
39,218
12,379
9,485
B altim ore ft O b io.b .F eb . 1,777,368 1.538,005
287,726
239,386
Jan. 1 to Fob. 2 3 ____ 3,723,112 3,355,937
_____ __
579,008
652,599
July 1 to Feb. 28.......17,241,561 16,038,953 3,963,820 4,757.484
Balt,& Okie Southw...Ian. 472,492
439,816
1L3.060
120.055
Ju ly l to Jan. 3 1 ,---- ----------------- - - 1,102,670 1,375,499
3,612,531 3,910,612
Bath fs Hammonds .J tn.
2,026
2,046
738
0 41
Birm. & A tla n t ic .b ..Fob.
1,720
1.847
d ef.2 8 4
277
Jan. 1 to Feb. 23.......
3,279
3,075
4 15
def.133
July 1 to Feb. 23.......
10,637
18,935
4,837
2,29 7
Brunswick ft West ..Fob.
37,828
43,412
7,215
9,989
Jan. I to Fob. 20. . . .
___
8 9.7_20
96,0 22
25,039
23,761
July 1 10 Feb. 23.......
390.129
334,500
137,597
99,74 4
Butt, Rooh.A P itts.b..Feb.
235.731
218,262
81,830
67,183
Jan. 1 to Feb. 28.......
408,169
474,170
164.084
144,214
July 1 to Feb. 2 1....... 2,281.204 2,111,:01
773,30 L
043,146
Buffalo * Suaquph.A. Fab.
31,831
32,023
13,262
12,192
Jan. 1 to Feb. 2 4.......
71,94 4
27,133
88,5 11
23,532
July 1 to Fes. 20 ___
381,733
325,879
197,890
152,314
Burl. Ued. E. A No n.. Feb.
313,301
131,690
351,238
128,121
Jan. I to Feb. 28____
609,101
743,915
232,237
276,030
Canadian Paolite. a . Feb 1,272,0.14 1,325,236
384,823
333,732
Jan. 1 to Feb. 24....... 2,535,018 2,800,051
758,10 3
829,682
Carolina M idland....F eb.
0.919
5,657
3.611
2,848
Jan. I to Fob, 28.......
12,038
10,862
4,883
3,657
July 1 to Feb. 28. . . .
49,132
16,109
24,183
19,509
Cent, o f Georgia, n,.Fob.
471,979
520,010
192,251
186,167
Jan. 1 to Feb. 2 3 .:...
08 1,610 1,042,567
403,102
417,339
July 1 to Feb. 28....... 3,833,769 3,93 3,2 U 1,529,592 1,527,919
Coat, o f N. Jersey.a.F eb.
818,939
821,5 49
255,957
218,680
Jan. 1 to Fob. 23....... 1,701,155 1,331,117
511,175
569,250
Central Pacific.I>......Feb.
804,251
224,509
880,349
283,421
Jan. 1 to Fob. 2 3____ 1,0 63,till 1,738,739
438.908
513.708
Char. Oieu. AtButton Mov.
3,585
4,045
1,422
1,880
Jan. 1 to Nov. 30.......
49,780
43.806
2,1,028
24,620
Cliar.ftSavannah ,.F ub.
09,913
67,873
31,203
26,779
Jan. 1 to Fob. 28.......
114,899
124,351
59,257
43,520
July 1 to Feb. 28.......
307,535
8 10 ,9 2 2
101,532
04,715
Cites, ft O h io.si ........Fob.
775,707
781,509
201,834
104,984
Jan. 1 to Fob. 28....... 1,69 1,959 1,721,63 4
498,18 2
466,590
July 1 to Fob, 20....... 7,052,485 6,926,100 2,338,852 2,192,613
Cbic. Burl.&Qn!n,t).IS'i:l) 2,769,492 2,568,416 1,230,341
921,832
Jan. 1 to Fob. 23....... 5.442,099 5,162,021 2,237,987 1,715,158
Ohio. M. <fc 8t, P .U ...F it, 2.119.739 2.3 35,670
785,531
739,701
Jan. 1 to Fob. 23....... 1,130,188 4,635,301 1,490,123 1,527,411
July 1 to Fob. 28------ 20,888,472 22,703,024 8,275,000 9.430,009
Chicago fs No. P an,..Feb.
00.189
70,558
46,1.6 7
4 8,351
Jan. 1 to Feb. 23.......
1.45,034
138,310
115,792
91,706
Ohio. * West M ich...Feb.
118,005
121,388
21,731
15,997
Jan. I to Feb. 23.......
221,793
238,779
28.151
24,189

A p r il 17, 1897.]

18S6.
1897.
$
Roads.
$
101,132
88,323
Choctaw Okla. A G. Feb.
230,6
L6
201,231
Jan. 1 to Feb. 28.......
447,540
463,151
Nov. 1 to Feb. 23.......
53,912
50,225
Cm. Jack. A Mack. b . Feb.
1L 1,292
104,309
Jan. 1 to Feb. 23.......
266,655
261,514
Cin.N.Orl.A Tex.P.a Feb.
543.157
Jan. 1 to Feb. 23.......
524,796
July 1 to Feb. 28....... 2,246,065 2,578,639
21,311
22,454
Cln. Ports. A V ir .b .. Deo.
273,629
272,333
Jan. 1 to Dec. 31.......
153,322
141,540
J uly 1 to Deo. 3 L.......
44,323
46,177
Cleve. Canton A S o..F eb.
89,216
87,895
Jan. 1 to Feb. 23____
468,601
July l to Feb. *28.......
464,548
970,748
985,460
Clev.Cin. C.A St. L a . Feb.
J a n .1 to Feb. 28....... 2.042,131 2,073,003
July 1 to Feb. 28....... 8,731,604 9,455,503
139,490
137,249
Peoria A East’ n a..Feb.
294,289
20 2,656
Jan. l to Feb. 2 3 .___
July 1 to Feb. 2 3 ..... 1,096,033 1.326,410
86,930
93,364
Clev. Lor. A W heel...Jan.
035,472
939,694
July 1 to Jau. 31.......
140,017
122,932
Colorado .Midland.. .F b.
239,514
Jau. 1 to Feb. 28.......
250,481
Columb. A R d M t.. Feb.
11,552
Jan. 1 to Feb. 28.......
22,778
60,190
Col. 8aD. A H ocbiog. Jan.
61,063
595.534
July 1 to Jan. 3 1 .....
493,001
1,178
C rystal........................ Jao.
463
57,19 3
Cumberland Valley..Feb.
50,675
1 2 0,901
Jam 1 to Feb. 28. . . .
105,659
514,463
Den. A R Grande, b.. Feb.
435,953
Jaa. 1 to Feb. 2 s .........
921,058 1, 034,019
July 1 lo Feb 28......... 4,690,518 5 ,106,318
7,716
Des Moines .s K. C-.-Jan.
12,140
38,952
Des Moines No.AW. Feb.
34,001
74.L6 4
Jan. 1 to Feb 28. . . .
62,368
80,937
Det. Od. Rap. A W.a.Feb.
90,323
161,503
Jan. i to Feb. 26.......
179,997
42,99 L
Detroit A Mack’o.a..Feb.
46,635
82,647
Jan. 1 to Feb. 23.......
74,099
258,821
July 1 to Feb. 28. . . .
216,509
102,103
Elgin Joliet A E .a .. Feb.
96,745
209,510
Jan. i to Feb. 8. . . .
173,716
84^,951
July 1 to Feb. 28. . . .
793,614
Erie ........................... Feb. 2,175,542 2 ,148,807
Jau. 1 to Feb. 28......... 4,3 93,L6 2 4 ,492,834
July l to Feb. 28.... 20,999,084 2 1 ,407,308
4,961
Eureka 8prings........ Dec.
5,591
62,839
Jan. 1 to Dec. 3 1 .....
61 ,2t4
229,133
Flint A Pere Marq.a. Jan.
202,463
63.243
Ft. W. A Denv. Ciiy.. Feb.
75,035
142,350
Jau. 1 to Feb. 23.......
158,419
52,821
Ft. Worth A Rio G r..N ov.
34,971
361,489
Jan. 1 to Nov. 30.......
297,479
344
Qadsden A Att. U o..M ar.
639
2,608
Jan. l to Mar. 31.......
2,063
150,054
Georgia, a ................... Feb.
152,060
304,338
Jan. 1 to Feb. 2 3 .......
2 9 7 ,1 9 L
July 1 to Feb. 23....... 1,100,690 1,083,842
50,295
Georgia A Alab a.a $Feb.
89,435
102,8a7
Jan. 1 to Feb. 26.......
185.933
382,675
July 1 to Feb. 28.......
711,126
Ga. South. A F la .a ... Fob.
67,223
71,023
157,109
Jan. 1 to Feb. 28____
140,880
601,04 3
July 1 to Feb. 28.......
603,495
201,920
Gd. Rapids A Ind. ..F e b .
184.777
403,276
Jan. 1 to Feb. 28.......
355,186
Gr.Trunk o f Canada.Feb. 1,200,717 1,178,433
Jan. I to Feb. z 8 ....... 2,492,877 2,506,285
221,064
217,349
Chic. A Gr. Trunk. Feb.
515,318
463,180
Jan. 1 to Feb. 23.......
60,749
Det. Gr. H. A M il...F eb.
72,420
Jan. 1 to Feb. 28.......
147,019
133,393
G o lf A C hicago, b __ Feb.
4,181
4.200
7,231
7,653
Jan. 1 to Feb. 28.......
3,923
H oosaoTun.A W ilm .Feb.
3.727
0,802
7,511
Jan. 1 to Feb. 28.......
230,6 41
203,743
Houst. A Tex. Cent...Feb.
477,107
482,276
Jan. 1 to Ftb. 28.......
Illinois C entral.a.{-.F eb. 1,769,24* 1,755,278
Jan. 1 to Feb. 28....... 3,679,0*9 3,675,907
Ju ly 1 to Feb. 28.......15,131,037 15,301,702
36,590
47,877
Ind. Deo. & W est.b ..S oy.
419,953
430,944
Jau. 1 to Noy. 30.......
215,019
194,816
July 1 to Nov. 30.......
77,617
56,985
Indiana 111. & Iow a..Feb.
156,032
127,517
Jan. 1 to Feb. 28.......
510,802
472,735
July 1 to Feb. 28.......
167,331
129,148
Iow a C entral.b ........ Feb.
243,470
334,803
Jan. 1 to Feb. 28. . . .
July 1 to Feb. 28....... 1,058,157 1,282,005
3.312
3,830
Iron Railway b ........ Feb.
7,003
3.093
Jan. 1 to F b, 23.......
32,243
20,832
July 1 to Feb. 28.......
27,939
30,663
Jack. Tarn. A ft. W.. Feb.
54,974
59,199
Jan. 1 to Feb. 28.......
273,729
286,515
Apr. 1 to Feb. 23.......
2,313
Jam est’ n A L. Erie. Jan.
32,699
30,128
Kanawha A M ich.b..Feb.
78,533
77,271
Jan. I to Feb. 23.......
320,220
July 1 to Feb. 28.......
316,473
380,461
391,431
Kan. C. Ft. S. A M .a. Feb.
7 0 J,533
7 49,391
Jan. 1 to Feb. 28.......
July 1 to Feb. 28....... 3,094,546 3,170,023
99,932
103,220
Kan. C. Mem. A B .a . Feb.
215,500
218,094
Jan. 1 to Feb. 23.......
875,748
860,855
July 1 to Feb. 28. . . .
27,193
33,160
Keokuk & West’ n.b..Jan.
6,936
6,039
L. Erie A ll. A So.a...Feb.
14,105
12,420
Jan. 1 to Feb. 28. . . .
268.617
2 0 1 .8 ’ l
Lake Erie A West. b.. Feb.

THE CHRONICLE
Net Earnings.------.
1897.
1896.
S
$
22.895
19,665
58,521
44,955
150,994
92,251
1,515
8,069
5.143
11,116
94,762
67,377
185,784
127,947
633,6*5
763,062
2,532
681
35,4-13
48 815
21,804
30,28 4
8,523
8,843
11,52*
14.56L
82,383
103,175
242,520
235,361
52c, 1*3
477,466
2,193.260 2,431,777
43,221
36,886
71,349
78,066
251,725
339,788
29,104
19.254
206,458
c 02,287
6,633
23,307
29,690
72,050
4,303
7,529
10,265
9,714
129,324
163,963
def.9
def.220
11,333
15,193
23,566
35,'237|
166,500
196,269
310,398
416.071
1,877,163 2,252,995
3,449
2,839
11,042
10,409
15,001
26.224
14,308
6,063
21,250
8,625
18,851
16,334
26,505
30.224
52,00 L
78,747
36,776
37,571
60,451
73,b 98
292,727
274.981
389,933
371,296
723,200
853,143
5,514,009 5,380,835
1,797
1,870
31,811
30,227
56,174
48,344
4,345
18.392
10,874
39,503
29,250
13,249
99,195
130,348
270
433
1,309
757
59,073
57,743
113,133
108,156
£ 402, C13 «380,668
21,362
17,909
39,550
43,939
113,039
228,746
21,957
22,617
65,727
55,07 7
243,393
211,998
39,950
46,486
79,678
89,919
152,967
207,785
394.715
406,279
13,076
11,663
31,942
28,644
9,232 def. 3,675
14,024 def.4,351
795
1,183
1,321
2,557
319
2,020
1,836
3,039
25,189
53,675
118,760
96,750
517.358
572,827
1,295,179 1,148,827
5,355,073
4,715,126
13,887
13,502
142,053
144,033
69,920
01,358
24,020
15,781
58.695
43,073
171,695
113,371
68,154
42,128
132,251
70.T82
504,088
322,105
173
1,087
345
2,075
1,185
5,750
4,186
4,625
152
5,750
def
3,521
10,928
def. 51
6,652
5,311
16,803
18,413
78,303
82,462
1 0 1 ,5 2 0
142,016
2 2 1 ,0 1 9
214,043
9
79,989
1,012,092
20,015
24,490
5 2,3 27
00,853
192 ,15 7
264,528
16,302
7,700
1,248
2,047
2 .0 8 2
4,430
1
09
,70 0
120,187

Roads.
Lehigh Valley R R ...F eb.
Jan. 1 to Feb. 2 8 ......
Dec. 1 to Feb. 28.......
Lehigh Val. Coal Co.Feb.
Jan. 1 to Feb. 2 *.......
Dec. 1 to Feb. 2 8 ___

749
-Gross E arnings.1897.
1896.

$

Ire.
Dec.
Deo.
In o.
Deo.
Ino.

$

125,356
196,030
321,701
45,960
14.390
Hi 8,587
Lexington A East’ n..Feb.
13,322
14,655
Jan. 1 to Feb. 23____
26, 60
32,142
143,653
Louis. Evans. A St.L.Oot.
163,043
Jan. 1 to Oct. 3 1 ....... 1 296,603 1,244,233
Loulsv. A N a sh v .b . Feb. 1.567,828 1,616,570
Jan. 1 to Frb. 2 3 ...... 3 170.344 3,305, L07
July 1 to Feb. 23.......13 763,231 14,025,189
33.722
Louisv.Hend. A St.L.Jan.
35,110
Macon A B inn ing— Feb.
6,276
6,023
Jan. 1 to Feb. 23.......
11,943
13 313
July 1 to Feb. 23. ..
45,79 7
49,905
Manisli(i«ie.................Feb.
13,395
10,015
Jan. 1 to Feb. 2 3 .......
23,518
21,209
ICO,802
Memphis A Ohas’ n.,.Feb.
113,966
Jan. L to Feb. 28.......
202,767
235,981
July 1 to Feb. 28.......
932,077
988,434
M exican C entral___ Feb.
.007,223
776.327
Jan. 1 to 6 eb. 2 8 ....... 2 081,125 1,598.559
257,230
Mex. International..Feb.
245,106
Jan. 1 to Feb. 23.......
479,653
513.216
438.697
M exican National. . Feb.
389,178
938,564
Jau. 1 to Feb%23.......
812,097
Mexican Northern. .Feb.
73,229
56,006
1< 9,414
Jau. 1 to Feb. 23.......
149,177
405,753
July 1 to Feb. 23.......
495,608
135,169
Minn. A St. L ouis__ Feb.
148,376
26 2 6 46
Jau. 1 to Feb. 23.......
29 >,254
July l to Feb. 28....... 1,350,793 1,425,276
243.637
223,443
Minn.St.P.AS.Ste M.Feb.
417,272
Jan. L to Feb. 23.......
483,717
24.722
Mobile A Binn’ ghatu. Feb.
23,294
49,543
51,375
Jan. 1 to Ftb. 28. . . .
322,797
299,921
Mobile A O h io ......... Jan.
2,313,32 4 2,193,759
July l to Jan. 3L....... 2,
104,760
103,333
Monterey A M ex.G’f.Jan.
415,204
Nash Ch. A St. L .b..M ar.
404,943
1,249.237 1,287,980
Jan. 1 to Mar. 31....... 1
3,815,255
July 1 to Mar. 31---- - 3
3,92 S609
5.000
9,375
Nelson A Ft. SnepM.Feb.
19,129
9.247
Jan. 1 to Feb. 23.......
2,811
Nevada Central........ Feb.
1,911
3,633
Jan. 1 to Feb. 28. . . .
5.488
253,234
232,905
S. Y. Ont. A West.a.. Feb.
515,103
Jan. 1 to Feb 23.......
505,165
July 1 to Feb. 23....... 2 641,808 2,552,392
143,301
N Y. Bus. A West. b.. Feb.
144,168
32 4.276
322,033
Jan. 1 to Feb. 23.......
July l to Feb 23....... 1,,563,897 1,511,038
897,904
759,494
Norfolk A West’ n.a . Feb.
,641,564 1,873,487
Jan. 1 to Feo. 28.......
.131,538 4,678,436
Oct. 1 to Feb. 28.......
Northeastern o f Ga..Jan.
5,429
6,105
North. C entral.b....... Feb.
548,631
442,778
953,937
Jan. 1 to Feb. 28....... 1,074,517
Northern Pacific....... Feb. 1,029,505
Jan. 1 to Feb. 28....... 1,938,373
Sept, l t o Feb. 28 . . . 9,457,925
69,559
Ohio River, b ............. Feb.
56,496
145,312
Jan. 1 to Feb. 28.......
12 4,50L
Ohio V a lle y ............... Jan.
27,287
295,294
Oregon RR. A N av..F eb.
257,315
Jan. 1 to Feb. 28.......
557,001
668,232

------Net Earnings. —*.
1897.
1816*

$

def.1,522
2,456
46,719
366,819
525.546
1,019,529
4,550,582
8,007
def. 1,506
935
def. 6,139
9,583
4,177
16,336
33,853
255,871
332.393
709,909
101,011
204,848
€241,679
€142,115
30,361
60,632
215,419
45,356
85.803
578,193
80,058
115 4>5
3,822
7,2 57
114,037
869,375
43 777
132,078
424,656
1,435,053
5,297
11,124
753
1,065
61,604
103,911
800,423
55,903
140.1.99
706,590
173.035
441,753
1,214,099
265
205,623
361.V-2L
252,017
339,317
3,933,597
14,270
36,094
2,953
67.723
142,028

Pennsylvania—
Lines directly op era ted E astof Pitts AE..Feb. 4,486,234 4,648,034 1,293,401
Jan. 1 to Feb. 2 3 ... 9,241,905 9,639,805 2,419,093
West of Pitts. AE.. Feb.
Deo. 183,300
Ino.
Dec. 558,700
Jau. 1 to Feb. 28—
Ino.
71,476
77,554
20,075
Peoria Deo. A E v ___Jan.
44,610
Petersburg................ Feb.
45,084
20,061
Jan. 1 to Feb. 23.......
84,394
91,9 41
33,435
331,973
373,872
140,413
July 1 to Feb, 23. . . .
240,682
280,572
72,840
Phi1a. A E r i e ....... b.F eb.
535,429
535,777
108,053
Jan. 1 to Feb. 28.......
Philadelphia A Read u g - See detailed statement at end.
Phil. Read. AN .Eng,.Feb.
Jan. 1 to Feb. 28.......
Phil a. WUm. A Balt.. Feb.
Nov. 1 to Feb. 28 . . .
Pitts. O. C. A St. L... Mar.
Jan. 1 to Mar. 3 1 ....
Pitts. Lis. A W est__ Feb.
Jan. 1 to Feb. 28.......
Pittsburg A W estern.Feb.
Jan. 1 to Feb. 23. . ..
Pitts. Youngs. A A...M ar.
Jan. 1 to Mar. 31......
Rich. Fred. A P ot....F eb .
Jan. 1 to Feb. 28.......
July 1 to Feb. 28.......
Rich. A P etersburg..Feb.
Jan. 1 to Feh. 23.......
July 1 to Feb. 23.......
Rio Gr’ nde South..b.. Feb.
Jau. 1 to Feb. 2 3 ____
July l to Feb. 23.......
Rio Grande W est.b .Feb.
Jan. 1 to Fob. 23.......
July 1 to Feb. 28.......
St. Louis A -3an Fr .. Feb.
Jan. 1 to Feb. 23.......
July 1 to Feb. 23.......
8an Ant. A Aran. P..Feb.
Jan. 1 to Feb. 23____
Julv 1 to Feb 2-t. . . .

$

I n c . 155,222:
Dec. 30,500
Deo. 124,295
Ino. 67,928
Inc. 78.245
Inc. 127,422
5,40211,761
47,028
307,968
575,427
1,197,482
5,081,924
6,225
def.716
404
def. 1,050
6,430
. 6,129
24,566
51,968
264,232
218,467
537,285
108,301
13^,140
0171,158
€358,801
37,739
75,770
265,712
49,814
99.013
609,410
72.273
139,5U8
2,817
5,1 L6
117,512
904,930
34.505
125,652
445,464
1,529,332
1,700
2,894
def.45
def. 3 73
33.296
101,193
753,233
52.178
127,941
630,300
193,741
433,415
1,070,991
2,602
86,879197,721
............
............
............
21.467
44,5b6
.............
............
............

1,123,101
2, L66.838
20.500
25,600
28,603
19,120
38,148
163,052
2*,045
69,765

49,932
42,393
12,774
12,740
84,326
25,407
100,58L
16,871
Deo. 23,195
Ine. 3,564
Deo.249,232
Deo. 27,503
1.136,233 1,210,234
125,770
110,135
665,421
3,289.926 3,624.055
642,310
3,906
3,483
1,104
1,264
7,702
6,958
2,414
1,849
175,492
164,603
40,345
29,989
337,289
351,379
69,216
78,945
81,124
f 0,951
26,612
25,344
195,72 L
233,413
47,320
41,197
54,767
16,464
49,985
18,061
37,332
109,615
32,637
93,54 9
462,301
406,962
143,995
173.468
26,66 2
8,118
25,067
6,763
54,642
10,2*0
16,739
48,533
71,670
52,717
208,224
230,539
5,944
34,526
15,87.6
23,038
31,335
16,975
50,526
70.890
183,643
123,933
340,471
279,214
46,937
42,215
151,011
157,679
100,103
311,271
95,460
333,474
535,109
675,010
1,0 27,93 L 1,660,242
483.470
211,893
190.815
471.933
369,253
372,030
970,320
837.578
4,0 J8.51 4 4,219,725 1,730,043 1,735,0oO
131.420
127,520
20,100
23.843
233.342
2 7 1 ,iOL
50,2 U
07,384
1.585.546
1.339.000 53L.451
450.623

7)0

THE (HE0N1CLE.
-Net Kanunpt —
firatt S a m tn iji.1SS6
1896
1897.
1897,
$
$
*
1.452
50,953
4,686
42.858
5,34*
97,254
10.790
87,898
165,508
545,939
186.834
490.361
70,108
285,130
61,610
287,070
158,638
152,205
589,779
575,342
601.096
573.3
U
2,2 >7,353 2,257,839
7,212
14,966
4.009
10,529
18.075
9.366
30,442
22,880
4
! , 593
44 810
105,001 100.531
llef.832
Nil.
1.041
1,114
2.074
2,130 del. 1,077 def, 1,058

i VOL. L X l\ .

as equivalent to 80 cents in United States m o n e y -th a t la, all depreel
atlon beyond 20 per emit has already been allowed for.
e Result* o f coal m tningoperations only.
sr A fter allowing for other Incom e received net front July 1 to Febru­
f * s Fr, A S. P ae.......Feb.
ary
28 was 8(88,214, BiSluHt $118,174.
Jut*., l t© P**b,
I Includes besides vtlautio -System the Houston & Texts Oautral,
J uly l to FWi,.
— .
Austin A Northwestern, Central Cexas A N .rlbwesteru and Ft. Worth
fifth A Wmt. b .. Feb,
A Now Orleans.
Jaa* l to Fob.
1 rDeludes oltloago Burlington A Northern (or both years
July 1 to Fob. JL*-----* For February, 1837, taxes and rents 's amounted to $15 8,263, against
$160,961. and from July 1 to February 2 8 .1 -9 7 , *1,270,102, against
Sliver S’ !*. ChMl* & li. .Feb.
$1,297,773, afier deducting which net for February, 1897, was $3 3 0 ,Jen. 1 to Feb. 2 8 .....
516, against $1*0,721, and from July l to February 28, 18 )7. $1,6 43.Jalv l to Feb, 2
181. against $3,628,061.
Sentii Uetren & Kusl Feb.
( Figures are given exclu sive o f results ou Oregon R ailw ay A
Jail- 1 be Feb. 2 8 .. . . .
Navigation, Union PaolBo Denver A S uit, F ort Worth A Denver C ity ,
BoMtiwm Paeifte-*
Leavenworth Topeka & Southwestern, Montana Union and K an sas
101.406
76,417
348,302
335,870
©ei, IT. A B. A n t.b ,. Feb,
City A Omaha.
2 <1.049
86*>, 143
177,145
725.83 J
Jm&. t to Feb, 2 8 ....,
J St. Louis Alton A Terre Haute Included in all periods, e x c e p t that
27,328 for the three months from July 1 to Septem ber 8J t in t road’ s results
10,710
Loatahwift W est.It.. Pci).
85*860
76,331
74,70 ■ are not included for 1895.
81.810
173,297
172,838
3am. 1 to Feb. 3 3 ___
§ Reau w o n A ihtny Florida A Northern are laoluded only fo r July
90,002
125.626
M * »n ,«Uk.&t*t.l> Feb.
4 21.638
101,015
and August, 1895.
253,"31
251,000
Jau. 1 to P«t>. 88----358,201
901,014
I! Inoludiug incom e from ferries. Ac.
2,748
7,781
S t .T e x .A M . b . F e b .
20,177
13,627
6,150
17.324
P H IL A D E L P H IA A HEADING.
Jan. ! to Fell. 28......
43.971
29,372
25,620
15,800
Tax ii A S . O ..!> ...Fob,
123,913
100,295
<—— -Febrt tary.--------- , —Dec, 1 lo Feb. 2 8 .-.
72,150
87,396
Jan. 1 to Fell. 28.---250,013
228,101
1897.
1896.
1897.
1896.
251,862
Pun,a.
A
R
ea
d
.
H
r.—
$
lt ia o U e Frop.i>ii..Peli, 1,010,092
989,077
298,126
$
$
b94 673
1,473,328 1.350,306 4.657,790 4.909,015
Jan. 1 to Feb. 28....... 2,080,450 2,230,584
612.833
851,815
826,227 2,546,186 2,773,451
840,683
576,190
PnoltioSystont.b.. Feb, 2,127,657 2,164,382
Jan. 1 to Feb. 23....... 4,412,082 1.847,870 1,239,649 1,504.39 7
Profit la op era tin g..
912,967 l,L27,594
621.513
Total o f » U .b ...l ..F e b , 3,117.703 3.702,193
521,079 2,111,601 2,1 35,5 64
Receipts from oth.ao tiroesi
20,805
Jan. 1 to Feb- 28....... 6,801,916 7,327,165 1,930.303 2.231,114
21,703
85,455
8S.0L0
12.94o.096
July 1 to Feb. 28____33,534,93* 35,013,112 12,146,163
308,110
So, Pao. o f C al..b. -Fab.
652,156
830.013
199,363
P rofit............................ ,
642,318
545,781 2,197,039 2,223,574
50 7,523
Jaa, 1 to Fob. 23....... 1,331,992 1,829,141
431,661
Deduct—
82.932 Equipm ent renew als____
56,133
8o P »e.of Ariria, b . Feb.
2 0 3 .0 11
2 20,017
13,257
52,298
125,954
156,893
151,720 tmprov. and ren ew a ls..,
415.081
Jab. I to Fob. 23.......
110.210
8,722
437,9 24
7,424
5<>,336
48.055
49,173
106,919
8 o .P W .o fN M .b .F e b .
103,033
T o ta l.............................
13,257
61,020
133,370
207,229
84,742
100,000
Jaa. 1 to Feb. 28____
206.333
209,963
Sur. avail, forfix en ohg’ s.
629,061
484,762 2,063.631 2,016,345
Northern Rail’ v .b .. Feb.
138,659
23,215
49.469
158,567
Coal A I ron Oo .—
92,964
Jan. 1 to Feb. 23.......
310,517
295,973
56,016
1,510,195 1,504,341 4,974,959 5.574,150
503,750
433,601
Boathern Railway.a .Fab. 1,570.922 1,509,531
1,611,453 1,039,131 5,137,302 5,612,678
885.159
Jan. 1 to Feb. 2 3 ....... 3.136.386 3,153,654
988,541
July 1 to Feb. 28.......12,973,170 13,571,316 4,337,897 4,416,634
df. 101,258 df. 134,790 df, 162,843 tlE.38,528
16,664 Im provem ents
Spokane F allsAN o.a.Feb.
16,149
30,385
28,005
31.801
66,259
116,906
222,600
62,711
33,103
Jan. 1 to Feb. 28.......
92.801
51.733
138,751
July 1 to Feb. 28____
311,763
210,237
219,773
df. 133,119 df.201,049 d f.279,749 df.261,128
70,546
Btaten 1, Rap. T r .b ..N o v .
77,017
19,512
18,498
437,105
Jan. 1 U) S oy. 30....... 1,073,057 1,106,132
456,003
495,942
283,713 1,783,932 1,755,217
July 1 to Nov, 30.......
560,171
270,802
259.387 Incom e R eading C o.........
600,336
22,898
22,898
70,983
70,983
Stony Cl. A C . M b .t-'eb.
995
693
def.613 (le t 1,712
1,474
Jan, 1 to Feb, 2 3 .___
2,107 def. 1,051 def.2,797 Earnings o f all 00s ...........
519,840
308,611 1,854,915 1,826,200
30,033
July 1 to Feu. 28.......
12,399 P roportion o f anu. fixed
38,613
13,561
oharges and taxes o f
Summit b r a n c h . IVh.
63,115
7.149
67,709 def.8,429
all cos. (est-) .................
775,000
806,250 2,325,000 2,418,749
Jan, 1 to Feb, 28.......
151,104 def.7,609 del. 2,381
139,059
Lykett, P al.coal.e.F eb.
16,517
67,897
61,458
368
250,160
499,639
170,035
592,549
114,199
Jan. 1 to Feb, 28.......
7,311
26,589
150,477
Total both Co’g . e .. Feb.
135,606 d if.8 ,0 8 1
127,603
23,966
Jam. I to Feb. 28 . . . .
283,556
Miscellaneous Companies,
21,203
304,881
(lef. 268
Texas Centra! ......D e o .
22,415
25,583
4,491
6,250
------Gross E arn ings.—
■Net B a n tin g s,Jan. 1 to Deo. 31.......
282,775
112,217
300,968
74,331
1897.
1896.
1897.
1896
Tex. Sab. V. A N. W ..D ao.
5,129
5,050
2,429
1,981
$
$
TolerloAOnlo Cent- b. Feb.
117.176
138,493
29,421
40,317 Ed. El. 111. Co., B klyn. Feb.
69,817
69,119
32.003
31.757
Jan. 1 to Feb 28.......
26 2,520
232,913
Jau. I to Feb. 23.......
153,560
75,5 25
85,637
145,124
74,400
68,038
July 1 to Feb. 28....... 1,187,109 1,351,731
441,789 Edison El. Il.C o„N .y . Mar.
306,901
207,870
184,153
94,418
75,494
To!, Peoria A W M t.fr.Mar.
70,991
82,316
Jan. 1 to Mar. 31.......
597,559
600,973
22,224
20,765
324,970
278,784
Jan. 1 to Mar. 31.......
217,235
253,524
59.926
69,256 EdisonEl.Il.Co.St.L,.Jan,
28,482
35,733
July 1 to Mar. 31____
685,123
781,781
176,781
203.407
Grand Rap. Gas L.Co.Mar.
10.917
9.801
Onion PacIHo—
Jan. 1 to Mar. 31.......
36,835
35,047
OjUon Pae. B y ...... Feb.
925,167
986,097
336.497
310,211
Laclede
Gas-L.
J
o...
Mar.
73,218
Jan. 1 to Feb. 2 8 ... 1,987,810 1,862,798
61,728
528,352
653,627
Jan. 1 to 31 ir. 31.......
235,112
210,423
Orett.3. L. A U.N___Feb.
351,867
363,583
170,681
141,070
214,783
226,960
16,257
Jan, l to Feb. 2 8 ...
4.257
752,776
750,283
322,055
323.388 Oregon Imp. C o.a....F eb .
Jan.
I
to
Feb.
28.......
4
7
1
,
1
6
5
457,470
36,594
15,769
Bt.Jo«. A Gil. 1*1. ... Feb,
108.391
17,623
51.217
7,186
Deo. 1 to Feb. 28.......
714,416
77,341
711,493
11,261
Jan. 1 to Feb. 2 8 ...
186,395
96,526
79,976
15.469
Paoltlo Mail. ............Feb.
383,181
55,659
343,897
75,840
Dent. B ranch.........Feb,
50,910
31,159
28,673
13,406
Jan, 1 to Feb. 28. ....
719.888
617,370
130,022
99,333
Jan. 1 lo Feb, 2 8 ...
96,121
68,083
48,613
31,284
May 1 to Feb. 28. . . . 3.,350,712 3,540,500
637,002
716,754
etch, c , A Pae. /
,. ,
39,603
22,791
54,831
10,537 def.3,474 Tenn. Coal 1. A ItR ... Feb.
81,446
At.Jew.C. A W. i -• •l 0 "Jan. I to Feb, 2 8 .___
112,769
175,83 i
Jan, l to Feb, 28. .
72,053
48,209
15,177 <l<sf.4,489
Western
Gas
Co.—
Un, P a e lflo 8 y -.b t.F o b . 1,685,817 1,501,333
628,343
525,386
Mil wattkee Gas-L. Co. Mar.
40,186
34,211
Jan. 1 to Feb. 2 8 ... 3,363,410 3,010,962 1,216,258
913,327
Jan. 1 to Mar. 3 1 ,....
132,419
118,761
TJtt. P. IX A O tjtf h , Feb.
235,385
208,767
73,726
29,189
Ja:n. 1 to Feb. 2 8 .....
483,632
447,150
151,529
88,770
Interest C h a r g e s a n d Surplus. — T h e fo l l o w i n g r o a d s , in
Webaa:Si.b . . . . . . . . . . . . Feb.
M i ,m o
920,271
273,613
257.733 a d d itio n to th e ir g r o s s a n d n e t e a r n in g s g iv e n in th e f o r e g o i n g ,
Jm0, t to Feb. 28.
1.697,919 1,003,078
•170,202
500,303
J*iiy 1 to Feb. 2 8 ..... 7,831,975 8,830.969 2,370,910 2,627.938 also r e p o r t c h a r g e s f o r in te r e s t, & c ., w ith t h e s u r p lu s o r d e lio it
W i eo 4k S a n k w’ ri.... Feb.
18.489
20,377
7,990
10,576 a b o v e o r b e lo w th o s e c h a r g e s .
Jatb. 1 to Feb. 23, . . .
33,038
10,015
11,790
17,063
r~lnter't, rentals, <*c.~* —Hal. o f Net Earn* —
W. Jer m s 4k 8 w b ,e..Feb.
128,147
1897.
129,545
1$96.
14,077
1897.
1896.
flat. 491
Ja n. 1 to Feb. 2 8 ..,..
252,102
floods.
284,137
*
11,393
$
$
2.149
$
W m t V'a. O u t A P .Mur.
97.607
Buffalo
A
Bttsqiioh’
a..
F
eb.
102.971
12,987
i 2 ,e « s
29,068
591
def.795
31,373
Ja II, l to Mar, 3 1 .,...
259,794
101,792
July 1 to Feb. 23. . . .
273.572
94,950
80,308
90,098
57,304
88.932
Ja iy t to II.ir. 3 1 ......
847,074
890,526
278,119
308,158 Ohio. Burl.A Q uincy.Feb
881,107
890,000
840,341
40,725
W,¥trMM m & n m h . J m ,
27,144
Jan. 1 to Feb,. 2.3....... 1,780,000 1,762,211
27,533
13,181
457,937 (idf.47,056
14,276
iy 1 to Jau. .11.......
226,280
238,130
121,778
139,692 Ohio. A W. M ich ....... Feb,
34,427
33,773 d e f.12,696 dof.17,776
Wmt4a of
50,220
68,695
Jan. 1 to Feb, 28.......
47,931
07,546 d ef.10,541 d e f.43,857
24,489
16,611
113.435
90,788
19.336
35,034
Qhoo.OM,
A
G
ulf......
Fob.
19.000
............
3,893
.............
I f l te Feb.. 2 8 ,.* .,
449,316
422,315
191,831
160,916
Nov. 1 to Fcti, 23.......
76.000
............
74,994
.............
1 \.sk Pmm . Feb.
196,215
191,721
14,023
32,279 Chav. Oln. Olt. A at. L,.Feb.
241,359
233,390
1,181
1,471
Ja
402,229
890,890
83,871
65,873
July l to Feb. 28....... 1,901,769 1,390,120
293,511
044,357
2,073,308 2,211,411
716,072
588,710
P
eoria
A
Eastern...Fob.
36,801
38,801
6,420
85
WIwshimla Central.b.Feb.
800,078
293,172
01,507
83,526
July 1 in Fob. 28. - 294,413
291,413 d ef,41,688
45,375
m. 1 t#
28.. . , ,
578,573
574,959
164,865
165,581 Denver A Rio Gride..Feb.
201,737
202,3 71 d ef.35,237 def.6,1 02
2,813.170 2,9111,890
964,851 1,036,71 1
July 1 to Feb. 28....... 1,560,12 4 1,557,650
317,014
695,345
* t a u tt...r ib .
7,729
8,683
3,946
4,984 Dot, Gd. Rap.A W est. Feb.
15,855
<2:1
28,335 def. 1,547 d ef.22,767
17,772
8,347
10,173
Jau. 1 to Fob, 2 8 .......
31.715
58,3 32 def. 10,483 def.49,707
121
65,237
32,625
27,200
Flint A Pare M ar...... Jan.
51,527
50,924 dof.3,183
5,2 50
731
6.180
2,237
1,008
Kanawha A M ich___Feb.
10,085
10,030 *def.4.774 -def.3,378
Ju
ly
1
to
Feb.
23____
81,836
81,595
*570 M ef.3,287
ere -"Iven are after deducting t <xea.
b Ni
Kan, 0 . Ft. 8. A M .,.F e b .
115,161
113,016
27,182 def.8,496
ere given are before deducting taxes.
e 1>
July 1 to Fob. 23.......
928,822
920,141
83,270
59,845
■r ex j<ettdltuT»» for repairs,replaoeineuts and general
16,507
12,852
7,983
7,1 63
,
to 'bteraston bond* In February wait Kan, C. Mem. A B tr..Fob,
July 1 to Feb. 23.......
125,558
109,922
138,970
82,235
r -T‘ -'•’
wJ.J
Y tt.
u 1 TnuuU
l«T
1 Febntary
This !» \
the
result lit M exican
dollars L. E rie A Woat’ n.......Feb.
69,045
57,971
60,142
51,735
*
company « method o f keeping n s accounts)
Jan, 1 to Fob. 23.......
120,030
115,912
104,541
133,396

IHE

e s Ap r il 17, 1897,]|

CHRONICLE

—Int. Rentals. <£c.-----, .—Bal. o f Net E a rn ’ as —«,
18E6.
1897.
1897.
1896.
$
$
$
$
126,661
124,401
5,417
1,251
404,301
395.895
1,129,158 1,125,031
262,720
273,705 d f.1 3 -,950 df.157,570
Pitts. C. C. & St. L. ..Mar.
82^,579 df.134,577 d£.133,269
799,998
Jan. L to Mar. 31.......
14,223 def.8,163
14,107
1,653
R io Grande South__ Feb.
11,275
69,862
112,658
113,781
July 1 to Feb. 28.......
19,104
19,212 def.14,418 def. 14,760
San Fran. & No. Pao..Feb.
152,833
153,698
14,001
11,810
July 1 to Feb. 28.......
47,884
7,054
33,562
47,777
Tenn. Coal I. & R B . Feb.
95,554
95,768
17,215
80,063
Jan. 1 to Feb. 28.......
37,426 ‘ def.2.983
36,700
*9,688
Toledo & O. Cent....... Feb.
*8.194
*142.161
305.72 l
3'.1,015
July 1 to Feb. 2 8 .....
def.449 def. 1.256
22.673
22 051
Toledo Peo. & West..Mar.
207,029
187,985 def.30,248
20,422
A fter allowing for other incom e reoeived.
Roads.
Nashv. Chat. & St.L.Mar.

STREET RAILWAYS AMU TRACTION COMPANIES
The following table shows the gross earnings for the latest
period of all s t r e e t railways from which we are able to obtain
weekly or monthly returns. The arrangement of the table is
tbe same as that for the steam roads—that is, the first two
columns o f figures give the gross earnings for the latest
w e e k or month, and the last two columns the earnings for
tbe calendar year from January 1 to and including such latest
w e e k or month.
STREET RAILW AYS

A SO

T R A C T IO V

Latest Gross Eamtiig*.
G ro ss

E arn is os.

Week, or Mo 1897.
iDecember.
December.
iF ebruary.

1896.

9
8
6,456
5.782
18,968 20,523
3,650
3,14S
4,397
4,349
29,250 *62,848
6,237
6.158
95,723 87,267
1,266
1,338
6,441
6,258
9,767
10,029
22.853 22,329
21,707 19,971

COM PANIES.
Jan. 1 to Latest DaU.
1897

1896.

9
91,686
210,247
6,845

1S9,2^6
7,215

*

368.715 *474,1 l i
AtL Consol. St. R y ... iDeoember.
16,627
16 571
March.......
270,320 256,859
March.......
M arch.......
3,782
3.945
March.......
10,029
9,767
J anuary...
65,496
March.......
66,941
F ebru ary .
44,625
39,628
BFklyn Rap.Tr. Co.—
Brooklyn Heigh.ts.. March....... 351,642 330,167 1,002,956 983,049
Br’klyn Qu’ne <fe Sab March....... 55,029 50,527 156.859 146,655
Total for system March....... 406,671 336,694 1,159,815 1,129,704
1,369,227 1,327,774
Buflalo R y ................. Decem ber.
38,b83
Chester T raotion.. . M arch....... 13’,519 13,731
38,340
56,009
05,871
January... 56,609 65,871
2,792
1,344
2,370
F e b ru a ry .
1,432
M arch....... 132,272 128,283 371.963 372.667
........
D ecem ber.
4,993
138,456 148,506
4thwkMcU 10,525 11,411
60,930
M arch....... 21,546 20,129
61,943
Danv. Gas El. Light A
8,727
9,597
8,727
9,597
January...
106,441
49.405 5 1 ,»0 l
103,414
Denver Con. Tram w February
1st wk Apr 18,732 18,327 261,096 238,500
99,145 101,296
M arch....... 34,363 34,248
48,144
42,567
M arch....... 15,508 17,056
21,406
19,374
February .
9.1 lb 10.571
29,613
23,317
Galveston City R y.. F e b ru a ry . 14,907 13,058
Herkimer Mohawk Ii6,924
6,748
3,327
3,313
F ebru ary.
1,010
973
491
455
F eb ru a ry .
20,252
13,764
28,073
13,847
F e b ru a ry .
Interstate Consol, ol
25,431
North A ttle b o r o ..., M arch,___
9,238
26.843
9,523
11,197
11,225
M arcli.___
3,915
3,853
27.882
9,166
24,510
M arch.......
7,855
16.167
5,7*5
19,586
March.......
6,826
53,252
52,857
February . 25,711 26.132
1st wk A pr 23,423 23,190 299,813 293,179
1st wk Apr 32.728 31,543 415,796 417,347
7,150
7,569
3,462
M ontgomery 8t. R y. February .
3.919
M arch....... 99,442 92,146 289,030 274,598
76,933
March....... 122,368 26,269 334.351
9,358
8,792
February .
4,272
4,4o7
New England St.—
42,681
42,076
W inchester A v e ..
March....... 14,895 14,388
6,096
2,002
6,040
2,142
March.......
48,777
48,116
M a r c li___ 17,037 10,450
5,101
5,119
2,418
2,415
February .
M arch....... 117,017 109,013 310,365 330,822
46,921
F e b ru a ry . 22,590
1,702
1,909
643
Ogdenaburg 8t. R y .. February .
878
45,478
45,095
February . 21,326 2 2 ,'4 2
4,058
7,773
1,347
M arch.......
2,648
16,043
15,881
M arch.......
5,516
5.448
.... ...
Rochester R y ............ . F eb ru a ry . 62,287 68,783
15,233
14,393
7,252
6.417
Schuylkill T raction.. February .
..........
Schuylkill Val. T rae.. M arch.......
2,852
2,540
Scranton A C arbond’e M arch.......
2,931 ............
............
13,722
Scranton & Pittston.. M an'll.......
4,845
75,437
78,91u
Scranton Railway___ M arch....... 27,349 25,523
M arch....... 171.556 169,108 134,299 131,234
8.161
7,443
2,698
2,813
M arch.......
96.155 101,295
March....... 33,961 35,226
143,145
161,601
December.
2,626,896 2,615,1 52
Third A ve. (N. Y.) .. December.
Toronto R . ............... . M arch....... 78,892 74,094 223,905 221,446
292,181 303,974
Twin City Rap. Tran February . 140.214 145,061
45.877
47,588
Union (N. Bedford).., M arch....... 16,705 15,761
February . 119,034 125,075 243,217 256,649
12,251
11,677
Ja n u a ry ... 11,077 12,251
9,518
10,346
Wakefield A ^toue___ M arch.......
3,297
3,837
58,890
54,008
Waterbury Traction. March. ... 18,461 18,152
23.656
24,159
February . 11.234 12,130
75,192
73,868
February . 34.449 36.334
’ Figure* were exceptional in lS y » on account o f Atlanta Exposition
t Includes results on North Side Traotion Traction Company, which
was leased In February, 1897 to the Second A ve. Traotion Co.

751

d a y o f th e m o n t h ) w e b r in g a ll th e r o a d s r e p o r t in g t o g e t h e r

as is d o n e t o -d a y .
—Gross Earnings.---- x------Net E arnings.----1897.
1896.
1897.
1896.
S
$
9
$
6,198
5,466
1.142
............
90.175
_______
Akron St. Ry.&Hl.Co.Dec.
18,963
20,523
9,764
8,861
Jan. 1 to Dec. 3 1 .....
210,247
189,256
86,117
80,537
3,650
3,149
Amsterdam St. R y .. - Feb.
178
490
Jan. 1 to Feb. 2 8 ___ _
6,845
7,213
9 46
917
Anderson Eleo.(£nd.)Mar.
4,349
4,397
1,995
1,844
Atlanta Cons. R y ....D e c .
29,250
15,250
32,814
62,8 48
Jan. 1 to Deo. 3 1 .....
368.715
474,112
181,126
241,480
Atlanta Railway.......Mar.
6,158
9,237
1,429
1,762
-Jan. 1 to Mar. 31.......
16,627
16,571
2,445
2,840
Bath 8t. Ry. ( . Y .). . Mar.
1,338
1,266
67
179
Jan. 1 to Mar. 3 1 .......
3,782
4L2
3,945
245
Bay Cities Con.St.Ry.Mar.
6,441
6,258
2,474
1,874
Binghamton St. R y ..J a a .
10,029
2,412
9,767
3,168
Bridgeport Tract’n..Mar.
23,043
22,404
7,246
8,761
Jan. 1 to Mar. 31.......
67,131
65,571
20,831
24,058
19,971
Brockton Con.St. Ry. Feb.
21,707
6,436
7,338
Jan. 1 to Feb. 28.......
44,625
39,628
13,458
13,458
Brooklyn Rapid Transit—
B rooklyn Heights b —
Jan. 1 to Mar. 31.......
959,703
946,253
310,371
314,755
B’klyn Queens Co. & Sub.b
Jan. 1 to Mar. 31.......
154,927
144,906
47,503
46,185
Total b .—
Jan. 1 to Mar. 31....... 1,114,630 1,091,159
362,263
357,056
Chester (Pa.) Tract...M ar.
13,519
13,731
*5,834
*4,937
Jan. 1 to Mar. 31.......
38,340
38,683
*12,780
*1 1 ,L7L
Chic. A S o.S lde R. T..Jan.
56,609
65,871
15,412
22,832
1,432
1.344
232
221
City Elec.(Rome,Ga.) a. Feb.
Jan. 1 to Feb. 28.......
2,870
2,792
442
446
Cleveland E lectric.. Feb.
115,513
118,977
36,196
41,825
Jan. 1 to Feb. 28.......
239.691
244,384
76,833
80,578
43,043
50,896
25,243
Columbus (0.) Stu R y.M ir.
25,153
Jan. 1 to Mar. 31.......
133,456
148,506
71,871
69,958
Danv.Gas El.-L.&3t.Ry.Jau.
9,597
8,727
4,570
4,260
Deaver Coa.Tram w..Feb.
49,405
51,901
20,950
20,367
Jan. 1 to Feb. 28.......
103,401
106,411
42,507
40,686
Detroit Citizens’St. Ry.Mar. 83,952
77,219
37,174
30,615
Jan. 1 to Mar. 31.......
242,364
109,022
220,173
79,839
Detroit E lectric R y..M ar.
11,532
34,363
34,248
10,499
Jan. 1 to Mar. 31.......
101,296
31,034
99,145
28,349
Duluth Street R y___Noy.
16,959
19,309
7,682
9 801
Jan. 1 to Nov. 30.......
206,992
104,862
201,213
107,262
Galveston City K y ...F eb .
14,907
13,058
4,600
3,754
Jan. 1 to Feb. 2 8 ........
29,615
26,317
8,867
6,707
Herkimer Mohawk Ilion
Frank. El. Ry ...F eb .
1,77 i
3,327
3,313
1,813
Jan. 1 to Feb. 28.......
0,924
6,748
3,256
3,338
17,211
5,841
Houston Eleo.St. Ry.Deo.
17,658
202,241
76,430
Inter-State Consol. Street
Ry. (No. Attleb )...M a r,
1,472
993
9,523
9,238
2.572
Jan. 1 to Mar. 31.......
1,965
26,843
25,431
2,911
Lehigh T raotion....... Mar.
9.166
3,553
7,855
9,641
Jan. 1 to Mar. 31.......
24,510
27,882
7,549
93,466
41,335
July 1 to Mar. 31.......
88,140
40,020
London St.Ry.(Can.).Mar.
2,301
1,630
6,826
5,785
4,552
5,420
Jan. 1 to Mar. 31.......
19,586
16,167
9,292
7,972
Lowell Lawr’ce A H.-Feb.
26,132
25,711
Jan. 1 to Feb. 28.......
14,728
53,252
52,857
17,137
Lynn & B o s t o n ........ Jan.
24,471
22,113
92,705
83,070
46,486
42,316
Metrop’n St.Ry.,K.C.Feb.
118,242
124,936
88,193
Jan. 1 to Feb. 28.......
247,036
254,439
94,879
560,082
569,548
June 1 to Feb. 28. . . . 1,330,005 1,345,905
2,064
1,709
Montgomery St. Ky..Feb.
3,919
3,462
3,378
7,569
7,150
3,708
Jan. 1 to Feb. 28.......
1,145
871
N ew burgE leo. R y ...F eb .
4,272
4,407
Jan. 1 to Feb. 28.......
2,330
2,263
8,792
9,358
25,122
July 1 to Feb. 28.......
25,997
58,097
68,195
83
2,415
def.239
New London St. Ry..Feb.
2,418
410
266
Jan. 1 to Feb. 2 8 ... .
5, L19
5,101
56,070
98,090
115,325
33,870
New Orleans T ra ct.. Feb.
106,015
Jan. 1 to Feb. 28.......
65,096
199,348
221,809
9,147
22,142
8,309
Paterson Railway ....F eb.
21,326
19,131
17,047
Jan. 1 to Feb. 28.......
45,478
45,095
630
Pltts.Fr.&Sub. El. Ry. Mar.
1,347
1,696
2,643
1,809
4,950
Jan. 1 to Mar. 31.......
4,058
7,773
1,275
Pough.City&W. Falls. Mar.
5,448
1,480
5,516
4,474
4,520
16,043
Jan. 1 to Mar. 31.......
15,88L
13,091
7,252
11,981
Bchuj'lklll T raction.. Feb.
6,417
16,853
15,576
14,393
15,233
Jan. 1 to Feb. 28.......
1,427
2,931
11,304
12,663
27,349
Scranton R ailw ay...M ar.
25,523
34,434
Jan. 1 to Mar. 31.......
35,555
78.910
75,437
121,992
July 1 to Mar. 31.......
124,791
270,537
243,969
1,802
Scranton & Pitrston.-Mar.
4,345
4,923
13,722
July 1 to Mar. 31.......
20,615
49,786
31,239
34,274
Toronto R v ............ ..Jan.
75,268 • 74,376
75,678
140,214
69,379
Cwln City Rapid Tr..Feb.
145,061
159,389
Jan. 1 to Feb. 2 8 .___
144,030
303,974
292,181
7,115
Waterbury Tract’ n..M ar.
18,464
18,152
6,926
24,452
21,410
Jan. I to Mar. 31.......
54,003
58,S90
19,136
Wilkesb.A W y.Vy.Tr. Feb.
16,587
34,449
36,334
40,052
75,192
36,922
Jan. 1 to Feb. 28.......
73,808
Roads.
Akron Bed. & C lev...N ov.

a Net earnings here given are after deducting taxes,
b Net earnings bere given are before deduoting taxes,
c All renewals and b> tterments charged to expenses.
* Method of reporting expenses chan ged; each m onth n ow being
oharged with Its full proportion o f all expenses.
} Net earnings are after d educting taxes and tire aud accident Insur­
ance.

Street Railway Net Earnings.—In the following w e s h o w
both the gross and the net earnings to latest dates of all STREET
Interest Charges and Surplus.— T h e f o llo w in g S t r e e t
railways from which we have been able to procure monthly
returns. As in the case of the steam roads, the returns o f the r a ilw a y s , in a d d itio n to th e ir g ro ss a n d n et e a r n in g s g iv e n in
different roads are published by us eac i week as soon as re­ th e fo r e g o in g , a lso r e p o r t c h a r g e s f o r in te r e s t, See., w ith the
ceived, and once a month (on the third or the fourth Satur­ su rp lu s or d e fic it a b o v e o r b e lo w th o s e c h a r g e s .

752

TH E

CHRONICLE,

f V o u LX IV,

Trans- Missouri Decision.—Some alarm has been caused by
the recent decision of the United States Supreme Court [regarding the Trang-Missouri Freight Association—see V. 64,
H ,3 !9
17,870
3'3.$3i
35,073
p. 613. Eds ]. However, the good sense o f the American
t 10 p# t>- iS .......
railway managers may be trusted to fin 1 lawful means of
2,033
1t h t t i o o . FVb.
2, JS3
4.U H
M m
1
Pvt),
protecting the interests in their charge. Your company has
3.45 S
3.429
comparatively little traffic within the scope of the several
9.474
&M B
1 lo Mar. 31.......
associations,
Bi tter Prospects.—The past four years on this side o f the
Atlantic have been full of unpleasant surprise-, but I fully
ANNUAL REPORTS.
share in the belief of the directors that a turn for the better is
at hand. The small wheat cron of last year realized to the
A n a n a l R e p o r t s * — ■'T h e fo llo w in g is an in d e x to a ll an n u l 1 farmers a much better profit than the heavy crop of
rvj'Ort^ o f g le a m r a ilr o a d s , stre e t r a ilw a y s a n d m isce lla n e o u s the year before, and
the shortage was felt by the
e o m p a n ie s w h ic h ha v e b e e n p u b lis h e d s in c e th e last e d itio n s carriers alone; therefore
our late losses in earnings
Of th e INVESTORS* AND STREET R AILW AY SUPPLEMENTSshould not be taken as indicating unfavorable eonT h is I n d e x d o e s n ot in c lu d e r e p o r ts in t o d a y ’s CHRONICLE, ditions in the business of the country. On the contrary the
R ail r o a d and Miscast* C o’s (Con*) shrinkage in our earnings from the carriage of wheat has
tO A B # A t fft JfffftCEL. j o a.
Vvtum e 0 1 —
Pape. largely been made up by an increase in general busine>»,
Page.
:
<If*-- ** *
L,%ttUt~rn ,
.
513
Missouri Padfle..............
One of the most encouraging features of our situation is the
32*. : Nationoi Lead
l i t * 5. i l ^ T ^ r f a t - .lilfio . .
.......... ....... 372
.......... . mt National Linseed Oil— .......... .
§08 wide attention the mines of Btitish Columbia are attracting
A®
New Central Coal (Aid.). ....... .
$15 and the great activity which prevails there, as manifested in
662
. . . . . . 067 New Yoek Biscuit Co....... ....... .
4 »M
ptt ........ .............
N. Y. Chicago & St. Louts .......
00?
S7i |an increase of 21 per cent in the freight and passenger earn­
N.
Y.
A
New
Jersey
t
elephone—
515
. . . . . . . 28*
4 mirtnm
Northern Central................... .371, 575 ings of our Pacific division. In the sec'ion oeeween Lake
ti tu&w
iktar
f ri*»flnin4y
. . . . . . . HU Ohio River BE— ........ -....... .... 061 , Superior and the Lake of the Woods, also, rich discoveries
17V Oregon improvement C o...... .284, 605 have been reported in great number and mining operations
705
■iW,:rpr h « ^ * iH » k o A A H d litic . 2 M Panama R K . .................
u r. u i l v n W b t r r a W ftreb .ju « C o . in Pentmylvaiilft RR.. —
465, =t?0 : are actively going on. BYr these and other reasons our out­
n, 5 *2 , UW Fean svlvan ia Steel Co.
...... 566
A Erie....... ..
326, 871 look seems to me promising, and if we are blesaed with averI fa l H
B •sf Vr*w J *
•r»r»v..
28$ Philadelphia
Phi in. Wilmington & Baltimore... 178
tra l U nlfrn T e ie p * UTtiea « l ) . 828
& Piusbura A Luke Erie........ ......... 230 j age crops I think we may fairly expect a prosperous year.
tmXY e n n o a t . _______. . . . . .... . . . . .. 4m
2 1 Qtilm-y Mining Co............ . ...........168
! Expenditures Authorized,—The shareholders at the meet­
C’Jjfsf» g o A Aft*us . . .
............. 357 810 Reading Company................... . 703
firm*W e * i e m , half-■ p i n . 38ft St. LcmlsIron Alt. & Southern .... 514 ing authoiized the expenditure of capital as follows:
— /r s l.F < .

ren ta ls, J r . —. — i ( a t . » / A 'el E a rn s.—

1897.

t*hh

... . . . . .
s*ero P e c t r a A S L L o -u ls ,.., . 281.
....
,
*» TelM*l!<*n^Co.
ukI A P$tt»1>iifj(.

m» S u P . M . k fia t t U a .. . .

Ksil»

263
320
614

60S
60S

<rctai OabI# Co. . . __ ..... ... f,sr>
idftyoa Omt cmttti& oihi.. or#
m
r itrui Yalley..........
ire A Hudson Canal
281, J
K
*:o
231
tm Lark. A We*ten
nd M atch ............. ......... . . . . . v-'
. 60S
Eieetric HI. Oi Brooklyn... 231

32
231
Grand Rapid*
..... ....... Wd
druen Bay A We*tern.......... ..... K8
t. 111. o f N . Y ..231. 327.
id..

ItuutlmrfSoa A Broad Top....... .
IlUaois Steel.... ...........
&27.
Indiana A Lake Michigan . . . . . . . . .
U t e Erie A VYesWsrn..... ........ ..
Lehigh r*,»i A Navlaatlon.
1.ehlgb A WUke-Barre Coal.......
Maryland Coal........ ..... ........ .
Mexican Central.............
Mexican National,.,... . . ..SIB, SOT,

326
372
407
371

tsim.

1897.
8
2 .6 2 1
5,956
d f. 102
i,u o
3,797
12,028

1890.
*
2,497
5,u l3
1,003
2.637
3.957
14,978

St. Louis VnndaHa & T. H ........
Savannah Elorida A 'Western.......
Southern New England Telephone,
Streel’s Western Stable Car Co....
Summit Branch ItR.. — ..............
Tamarack Mining Co.................
Tennessee Coal, iron & Railroad..
Terminal RR. Asso„ St. Louis......
Texas Central....... — .................
Trenton Potteries......... ..........
Terre Haute k Indianapolis....... .
Terre Haute A Logansport..........
Terr© Haute & Peoria...................
Texas A Pacific.. ...............-.........
Union Pacific Denver & Gulf......
United Electric Securities Co.......
United Suites Leather Co.......... .
Western-Maryland......................

420
421
608
607
-421
503
565
515
514
327
466
407
J67
564
£64

0)2

422
178

S treet R a il w a y s .

Akron SL Ry. & Iliu m ................
S I Baltimore Traction......................
372 Louisville Rv ...
465
13 R, T. Cm. (Minneapolis).
509 Wlkesharre & Wyoming Val. *i rac,

607
007
4n0
704
607

Canadian Pacific Railway Company.
{President'll Statement at Annual Meeting April 7, 1897, j
At the sixteenth annual roePtingof the shareh< 1dens, which
was held at Montreal April 7, Piesident Van Horne said in
part:
lut ref t on Consolidated Debenture Stock.—In submitting
the re port for yotir approval, I beg leave to refer to a supp. s.fi dhcovery by a London financial journal thatouroutstanding int.rest liabilities at Jan. 1 are under-stated in the bal­
ance duet by - me: hing like a million dollars, tbe last halfyear . inte*n et on ihe consolidated debenture stock not beiDg
shown tis due on that date. The explanation is simple. The
intern t on ti e debenture stock is and always has been paid by
cheque in June ar.d December. The bond interest, on the
other hat d, ;» represented by coupot s which come due on 1st
July t n i 1st January, and ere paid on presentation; conse­
quently the second half year’s bond interest always appears
in the balance sheets as due ard payable. There has been no
change in our method o f dealing with these interest paymmta to our balance sheet.
Cash and Cash Assets.—It will be seen by the balancesheet
that at 1st January the company’s current liabilities were
about normal, and that they were substantially offset by sta­
tion and traffic balances and accounts receivable, and that
nulhii g stood against the cash in bank save the interest on
t» .i •!» -bown as due and » ccrued. Since that date about twou i.'.i- o? the , mount (£316,707) advanced on account of the
Montnat A Ottawa Railway baa been recouped to the treas­
u r y , ar.d the amount shown as due from the Imperial and
L) .minion governments ($111,633) has been received, The
atm not of o u r t nr plus earnings account was therefore repri! Mints 1 to the i xtent of nearly $8,000,000 by actual cash or
its r q u i v au nt, at,.! we hold against advances, among other
itu it ie
htst rm rtgage bonds of the Montreal & Atlantic
ind
.it'jlytJi Sup.-ru r & Western railways to an amount
>mug the r.roirind* r of thin account.
/7.y jical Condition—Y< ur property is in
1
”*...... 'Iirt.ughout. The improvements since
perr
way. and (specially in the substituthe

tun!

• o f p e rm a n e n t b r id g e s fo r the
i. has e n a b le d th e c o m p a n y to
g b t o f its lo c o m o t iv e s a n d the
id to e ffe c t a v e r y b r g e s a v in g in the
, in a d d itio n to th e la r g e s a v in g
Ur . co.it o f m a in te n a n c e o f w a y .
J fr e ig h t tra in s w as 11-75 lo a d td
18 81, a n in c r e a se o f 39 p e r c e n t ;
v in th e p ric e o f fu e l th e coa t of
fas
ar w as le w b y $1,149,929 th a n it
the
>par ton m o v e d iu 1888. I d o u b t
in v e ste d a n y m o n e y w h ic h has
**f(ctory re tu rn .

F or permanent bridges, ballasting and other im provements
of perm anent w ay........................................................................ $1,165,723'
For station and other facilities, additional sidings and
fencing, grain elevators at Owen Sound and W indsor, ter­
minal facilities at T oio d to end Montreal, e tc ........................
511,012
F or rolling stock and other equipm ent....................................... - 377,001
For steamers on A rrow and K ootenay L a k e s............................ 280,000
T otal.............................................................................................. $2,336,736

Resolutions Adopted.—The shareholders also cot firmed the
agreements mentioned in the annual report for 1896 (CHKON! i c l e . V. 64, p. 53 9) for the operation of the road of the
j Qu’Appelle Long Labe & Saskatchewan RR. & Steamboat
(Jo. and ftr the purchase of the Montreal & Western Railway,
They also authorized the directors to proceed with the con­
struction of a line from Lethbridge to a connection with the
company’s Columbia & Kootenay Railway at Nelson, a dis­
tance of 325 miles.
[This line would afford connection with the Spokane Falls
& Northern system recently rumored to have come within
theconlrol of Canadian Pacific interests.-i-Eds,],—V . 64.
p. 512, 519.
Chicago B urlington & Qnlney Railroad.
(R eport fo r the year ending December 31, 1896.)
The annual report of President Perkins will be found atr
length on another page, together with valuable statis tics and
the balance sheet as of December 31, 1896. Comments on the
year’s results will also be found in our editorial columns,
The company has changed its method of stating its income
account, which is now reported so as to include the operations
and results of all the “ controlled” roads not excepting the
Chicago Burlington & Northern. In this form the showing is
as follow s:
1896.
Passengers carried one m ile...... ............. 324,553,945
Freight tons carried one m ile..................2,577,655,320
B a r: trips—
Passengers...................................................
¥7,152,302
Freight...........................................................
22,423'.2U
M iscellaneous.............................................
4,300,943

1895.
346,882,548 ■
2,447,206,138
$7,791,304
21,602,241
4.264,726 .

Total...........................................................
Operating expenses and taxes. ..........

$34,176,456
22,6(50,472

$33,653,271
22,495,662

Net earnings...............................................
Per cent of expenses & taxes to curn’ gs.
Add—
Other incom e and Interest......................
Net receipts from lands...........................

$11,515,984
(66-30)

$11,162,609(60-84)

T ota l.....................................................Deduct—
Interest on b on d s................. ...................
R e u to f H acks and depots............ . .. .
Sinking fu n d ............................................
Dividends (4 per c en t).............................

$11,906,307.

T ota l................................................... .
Deficit................. ........ .................................

$12,719,948
$813,641

358.740
31,583

$8,252,778
400,275
777,784
3,280,111
...................
...................

In the following we furnish a comparison iu the old form—
that is, excluding the Burlington & Northern, and also ex­
cluding the "lin ts controlled,” but of course including the
income from the company’s investments in those lines.
OFERATIOWS A»U FISCAL RKSC1T8.
1896,
1895,
1894.
Miles oner. Deo. 31.
5,860
5,730
5,730
$
$
E arnings
•$
P assen g er................ 5,422,226
5,055,589
5,595,573
F reigh t...................... 10.995,094 16,135,100 10.135,699
Mail, express, & e ... 3,135,753
3,083,437
2,935,860

1803.'
5,536
8,419,079
10,689,495
2,934,395

Tot, gross earns. 25,5.>3,073 24,374,192 24.607,133 31,042,970
Oper. ex. and tai.es. 16,840,996 16,710,539 16,284,006 21,224,504
Net ennilngs-------

F . c. o f oper. exp.
& taxes to earns..

8,703,077
65-94

8,163,653

8,383,080

07-18

60-02

THE CHRONICLE.

A f b il 17, 1897.]

Receipts—
N et earnings............
From inve8tm’ts,Ptc.
H. & St. J.extra div.
Net B. & M. I’d g’ts..

INCOME ACCOUNT.
1895.
1896.
$
$
8,163,653
8,703.077
1,915,262
1,830,797
490.188
41,373
25,923

T ota l.................... 10,559,797
Disb u rse m en is—
199,995
Rentals paid .............
Interest on debt----- 6,726,206
D ividends.................. 3,280,111
(4 p. c.)
Rate of d ivid en d s...
777,785
Car’d to sink’gfu nd.

1894.
$
8,383,066
1,938,852

1893.
$
9,818,466
1,771,092

73,526

108,422

10,610,476

10,395,414

11.697,930

229,860
6,572,627
3,230.103
(4 p. c.)
760,242

264,977
6,492,429
3,393,128
(4^4 p. c.)
773,387

310,260
6,538,911
3,960,252
(5 p. c.)
765,090

Total disburse’ts 10,984,097 10.842,837 11,425,915 11,574,513
B alance..................... df. 424,300 df. 232,362 df. 1,030,471 sur.123,467
G E N E R A L BALANCE SH E ET DEC. 31.
1893.
1896.
1895.
1894.
$
Assets—
$
$
$
R R ., equip., &c........205,670,432 203,278.596 202,6^0.636 201,050,025
Investm ents............. *38,479,644 39,818,317 39.135,970 37,647,680
3.082,791
2,704,341
2,700.991
Sundry avail, seeur. 2,508,908
2,765,206
2,345,483
3,045,203
8un.accts.«fc bills rec 4,119,133
1,529,713
1,292,711
1,765,545
Materials, fuel, & c.. 1,333,811
4.511,779
3,723,905
4,294.278
Cash on h a n d ----- - 3.515,251
8,444,542
9,169,632
9,554,899
Sinking fu n d ............ 10,288,814
T o t a l...................265,916,044 264,461 185 261,469,102 253,612,013
Liabilities—
S tock, com m on........ 82,004,200 82,004,200 82,004.200 82,004,200
Bonds (See S up' l ’ t ) 126,028,900 123,333,900 121,721,400 118,742,900
Sinking funds.......... 16,171,350 14,915.411 14,156,981 12,932,855
Contingent liabilit’s 2,801,000
3,819,000
3,819.000
3,819,000
Renewal fund.......... 9,000.000
9,0 0.000
9.000.000
9.000,000
Mat. coups.not paid.
117,063
114,660
118.255
92,311
Int.to mature Jan. 1. 1,596,480
1,533.993
1,530,998
1,503,128
C'. B. & Q. bonds to
mature Jan. 1,’ 96......................
511.000
Unpaid vouchers &
900,021
1,062,077
999,568
pay rolis................. 1.038,191
1,205,025
1,429.742
1,604,065
993.049
Sunary cur’ nt ac’ ts.
500,000
500.000
Bills p a y a b le ....'...
Protit and loss........ 14,154,4 L9 14,688,278 14,458.395 14.715,461
Incom e accoun t___ 11,511,392 11,935,693 12,168,055 13,198,525
T otal...................265,916.044 264,461,185 261,469,102 258.612.013
Includes Han. *fc Sr. Jos.. Kan. C. St. Jos. & C. R., Chic. Bur. A No.,
Chic. B. A K. C.. St. L. K. & No. YV.. and others.
—Vol. 63, p. 877.

GENERAL

IN VESTMENT

NEWS.

Reorganizations, Etc. -Latest Dxta as to Defaults, Reor­
ganization Plans, Payment Of Overdue Coupons, Etc.— A ll
(acta of this nature appearing since the publication of the last
issues of the I n v e s t o r s ’ and S t r e e t R a i l w a y S u p p l e m e n t s
may be readily found by means of the follow in g index. T h ’s
index does not include matter in to-day’s C h r o n i c l e .
R a il r o a d s

and

M is c e l . C o

Volume 64—
Page
Allegheny & Kinzua.............reevr. 6R2
Altoona Clearfield A No........ soli. 438
Atch. Jewell Co. A W.. ) ....... com. old
Atchison Col. & Pac— J ..deposits. 008
Atlanta & W e t Point......no retvr. 510
Atlantic & Pacific.......... com.‘^8 6Id
Do
do forecl. West. Div. 60.3
Atlantic Short Line.............. reorg. 6o9
Atlas Tack . .............. ........ sale, ffi.3
B. A O.—Pitts. k Connellsv,..coup. 233
Do
.............................. coups. 0- S
Blue Kidge A Atlantic........... sale. 70rt
Bntte k Boston Mining Co.
sold. 2.H0
Cape Fear A Yadk. Val. -----forecl. 706
Central Ohio.coin.180,422. 510, 523, 606
Cent. Y’ennont./wcc/. 07*; pennltv. 5irt
Chattanooga Home k Co!......plan. 510
Ches. O. k Southwest...tqulp. sale. 003
Chester & Lenoir...................reorg. 180
Clev. Canton k So......forecl. status 610
Colorado Coal k I. Develop..forecl. hW
Columbus k Cln. Mid......com.180, 330
Do
do
deposit penaltu. 707
Columbus k Hocking C. k l..reevr. 610
Col. Hock. V. A Toledo......... reevr. 422
Do
Do
(Ufaull.blQ', forecl. 610
Do
Do
coupons. C03
Col. 9an. k H....reem 9. discharged. 230
Do
committee. 423; coups 062
Cuyler A YVoodburn.............. sold. 40rf
Detroit Lansing A No........ reorg. 409
Duluth Gas A W .reevr. discharged. 423
Ea-*t Tennessee Land Co ......sale. 423
Edison Elec. Ilium, o f St. L..reorg. 510
Evansville A Rich. .sol l, 01 ; guar. 663
Ft. YVorfh A Kio Grande., default. 287
Gainsville Jefferson A So.....reevr. 516
Gal. La Porte k Hons., .forecl. suit 010
Gre> nw. Anderson k Yv....... reevr. 287
HelenaCon.Water Co.(Mon.).reevr. 010
Hendersonville A Brevard Ky. T.
AT
..................... . . reevr. 423
jACksonv. Tampa A K. W ..sairAW, 707
L.Sb.A Mich.SAo.refu dinp.470.ei0, 707
Lehigh Y'alley.........readju*'merit 517
Little Kock & Mem.rcory. 234; sale. 507
Long Island.................... .control. 234
Lonlsv. Kvansv. A 8t. L ...
com. 664
Louisv. N. A: A Ch.co tp. 231. soil. 5'7
Do list instal. due, 567; new co. 044
Memphis A Chariestun ....... sale. 373
Mexican National int.on A binds f»17
Middle Tenu. A A la .........sale.*17, 707
Mobile A Birm . Jnt.an incomes. 518
Natchez A Ked Kiver A Texas
U R .................................
sold. 421
Norfolk A Wastern.nsw securities. 374
Ogdensb.A L. Cyw to int.374; forecl. 567
Ohio South'n.ieposttii.SSl; rerv.ctfs. 374
OhloVaUev................. committee. 288
Oregon UH. k Nav. .sale of conlr I. 2c8
Oreg. Short. Line A U. N .coup.181. 2s8
Do new co.'.Oil; sale continued, oil

R 4ILROA D AND MlSCEL. CO’S. ( Con.
Volume 64—
Page.
Peoria Dec. A Ev.. .foreclAlQ, 518, 664
Do
do
__ coup. 28Peona Water Co....................coup. 470
Phil. Head. A New Eng., rcory.lbl, 235
Quincy Urn A K. C. .sale. 181: reorg. 470
St. Clair Madison A St.L.Belt.r»cw. 181
St. Joseph A Gd.lsl.dcc. vat nldbds. 570
St. Louis Chicago A 8t. Puul..sold. 708
St.. Louis Salem A Ark ........ s Id. 567
San Diego Land A Town Co .forecl. 708
Sharpsville RR...................... recvr. 236
Short Route Ry. Transfer...fared. 331
South Carolina Midland-----.reevr. 287
Summit Branch........... re.org. plan. 7"8
Tennessee Central, forecl. 288.424, 708
Terre Haute A Logansport.. .coup. 374
Texas Sabine Val. A N.......... sold. 708
Toledo St. L. A K. 0............... suit. 331
Trans Mo. Fr’ght.dectnion.OIS. 065, 7- 7
Trow Directory........ stor e reduced. 7<*8
Union Pacific....... /or-cf.713; coup. 4i2
Do
..K. P. consols.289. 331, 424
Do
do
do
plan. 424
Do
sinking fund 8s plan. 331
Do
colU tr. gold (U of
50?
Do
coll tr. 5s o f 188t.com. 665
Do
coll tr. 0s o f MO.cam. 713
U. P. Lincoln A Col................com. 713
Utah Central ....... ...............sale. 71 <
YVheeling A L. E.. .reevrs.; com. 182 713
Do
do ext. &i up. bonds 236
Do
do ... a'ock com 288, 374
Do
do ................default. 065
Wilmington Newb’n. A iforf.recvr. 508
Wls. Cent................ Wis. A M. def. 713
St r e e t R a il w a y s .
Volume 64—
Page.
Austin (Texas) R. T ............ reevr. 422
Belle City St. (Racine, Wia.). reorg. 610
Brigantine Transit..... ........... sold. 373
Brooklyn El... .reevr.; reorg. plan. 609
Do
coups.003; deposit penalty. 7< 6
Burlington (la ) Electric........ sale. 468
Butte Consol St. Ry.
forecl. 003
( apilal Ky. (Frankfort Ky.).. .sale. 422
Citizens’ irac.(8an Diego.Cal.)recvrJ2‘2
Col. A Maryland Ry. (Balto.).reory. <510
Dallas City Street..................reevr. 50?
Englewood A Colo. E l...reers. ctfs. 42-<
Fourth St. A Arsenal I St.L...»,ec»r. 511
People’s Railway..) do reorg *513
Gettysburg Electric Rv....... forecl. 707
Highland Ave. A Belt (Binning
h i'D. Ala.).......................... reevr. 707
MoKeesp -rt I). A YV......def.. r cnr. 7"7
Hannibal (Mo.)St. liy.re ported sold. 610
Indiana]). A Broad UUi.rrcvr. asked. 601
Met. West. Side El. (Chic.). . .reorg 611
South Jersey Traction............Slid. 50?
Tacoma Ry. A Motor.............. sold. »:05

Aogusta & Summerville UK.—"harleiton « Western
Carolina Ky,—Control Purchased.— The Augusta "Chrouicle” states that M *sg'8. T il nnas & Rvan (the p u rch a se rs at
foreclosure o f the toads now conscdid ited and known as the
Chari slon & Western Carolina R R ) have b o u g h t $140,000 o f
the $400,000 capital stock of the Augusta & Summerville for
$70,000. The road is a double-tracked terminal line, two and
a-half miles in length, at Augusta, Ox, I ; is us;d tojconnect

753

the various lines reacbirg tb a tciiv , its Del c a n ing- for the year
1895-96 b e irg 617,895, against $28,463 in 1894 95. Charges
of $2,759 a td dividends of $20,000 w (re paid.—Y . 63,p. 559.

Baltimore Traction.— Oity & Suburban Ry .— Baltimore
City Pass merer By.—Consolidated Traction Co.—Consoli­
dation under Consideration.— Plans are under consideration
for the consolidation of all the street railw ays of the city of
Baltimore, includ ng the Baltim ore Traction Go., tbe C ity &
Suburban Ry. and tbe Baltim ore C ity Passenger Ry. A new
company, tbe Consolidated Traction Company of Baltimore,
it is stated, w ill b *formed and the latter tw o companies m ay
be leased to the former company.— V. 64, p. 607; V . 63, p. 547;
V . 64, p. 373.

Brooklyn Rapid Transit.—Brooklyn Heights RR.—
Brooklyn (Jneens County & Suburban RR.—Bonds Listed,
— On the New Y o rk Stock Exchange have been listed by the
Brooklyn Rapid Transit Co. $306,000 additional 5 per cent
gold bonds, m a k irg a total listed to date of $5,181,000. The
additional bonds were issued in part payment f jr the $1,931,000 first consolidated mortgage bonds of tbe Brooklyn Queens
County & Suburban RR . Co. and for continuing construction
on the railroads of the Brooklyn C ity R R Co., the cost of
w h ich is re-ray able at tbe termination of the lease,
j B alance Sheet.—Earnings, Etc.— Appended to the applica­
tion to tbe Exchange are balance sheet of the Brooklyn
R ip id Transit Co. of M atch 31, 1897, and comparative state­
ment 8 of the earnings, etc., for the nine months of the fiscal
year ending M arch 31, 1897. The balance sheet is:
BROOKLYN RYPID TRANSIT COMPANY —BILANCE SHEET MAR. 31, 1897—
Assets.
I
Liabilities.
investm ent a cco u n t..$21,877,735 |Capital stock ............... $20,000,000
B Q C.& S. RR. 1st con
Mortgage b o n d s .........
5,850,000
sols........................ . . .
1,384,650 Bills p a y a b le .... . . . .
3J0,000
Treasury b i n d s ..........
669.COO Loan aco’nt, purchase
B.T.RR constr ’ n fund. 2,998,066 I 1921, B.Q.C.& S RR.
Cash i 1bank.................
86,172 | Co. bon ds...................
1,248,650
Bills receivable...........
230,000 A ccrued int. on bonds.
124,950
Coupon d eposit..........
11,800 C oupons........................
13,675
Accounts receivable..
216.889 Damage f u n d ..............
20,851
Pr« fit and loss (dell dt)
84.407 V ou ch ers......................
592
T o t a l.......................... $27,558,718 | Total ...
The earn iD gs reported are as fo llo w s :

.$27,558,718

B R O O K L Y N H E IG H T S R A IL R O A D .

3 mos.end.
Gross
net
Interest,
Olher
Balance,
Mar. 31— earnings.
earn was.
taxes, etc. sur. nr def.
income.
>►97........ *1-59,7x3
*314,756
*69,426
$4,19,343 def $75,161
1896........
94 6,253
310,871
57,358
497,211 def.128,931
e months—
189t>-7... *3.212,746 ¥1,261,493 $180,366 $1,436,775
sur.$5,084
3£ 9 5 -6 ... 3 ,lH ,t 0 2
1,199,659
166,590
1,513,818 def. 177,599
3. mos to
B R O O K L Y N Q UEENS CO U N T Y * SU B U RB AN R > .
Mar. S I $I7,5C8
1847................$154,927
$2,342
$90,302 def.$40,452
1 -9 6 ........
144,906
4 6,185
1,7 £0
88,159
def.40,224
Mmonths
4 9 6 -7 ...
$535,002 $198,623
$6,=32
$268,390 def $62,936
1 8 9 5 -6 ...
493,316
161,170
257,293
def.77,620
15,503

The H eights Co. bad loans and bil'spayable March 31. 1897,
of $209,000, apairst $365,456 on Jun e 30, 1896, and the Qxeens
County Lad $425,000, against $360,000.
The company says: ‘ 'The above statements for the nine
months period include the figures for the worst quarter of the
fiscal year. The rem aining quarter (April, May and June) of
the fiecel year 1896 showed a surplus for the H rig h ts Com ­
pany cf $134,489 82, and for the Suburban Company a deficit
c f $16,107 77. Tbe result for the Jun e quarter of 1897 w ill
not be weree and w i 1 probably be better than for the same
quarter of 1896,w hich w ill show not less than $100,000 surplus
(and probably more) from the operation of both companies
for the entire fiscal year 1897.” —V . 64, p 373, 610, 329.
lin r lin g t o n (Iowa) E le c tr ic Ry. —Sold in Foreclosure.—At
B u ih r g ic r , Iowa, A p ril 10, this property was sold at forecle sute sale for $50,000 to the reorganiz ition committee.— V.
64, p. 468.
t amhria Iron.—Few Bonds — The company has d cided to
is?ue|$2,000,000 bonds, of w hich $1,300,000 it is stated i i to pay
eff existing loans and $700,(00 for the Mesaba Avenus propi riy , about to be purchased, for additional coke ovens, and
other improvements at Johnstown, Penn,—V . 64, p. 286
Chattanooga Rome & Columbus RR.—Plan Adopted—One
Exception:— A t the meeting of certificate holdsrr held A p r il
8th at the office of Stmon Burg & Company, tbe plan of Feb.
1st, 1897, was adopted w ith the exception of ib it part relatiag
to the R im e & C arroll on, w hich was referred to a special
committee for settlement. The name of the new company
ha. not been decided upou, nor is it certain how soon the new
securities w ill be issued; probably not sooner than sixty to
ninety days. The Farmers’ Loan & Trust Co., trustee under
the Rome & Carrollton mortgage, at request of bondholders
are about filing suit for foreclosure.— V . 61, p. 516.
Chicago Burlington & ()li n e r R R . — Change o f Fiscal
I ear — Description o f Bonded Debt.— The directors w ill lay
before the stockholders at the annual meeting in May a pro­
posal to change the fiscal year so as to have is end June 30,
as does the year of the Inter-State Com meres Co umission
and of the various S ate commissions to which annual reports
have to be made.
The company’s annual report is published at much P n g tli
on subsequent pages of to-day’s C h r o n i c l e , rue ptn ip blet
repoit furnishes in addition a description of ill i company's
several loans, facts about the sinking fund and information
as to the amount of road (1,324 miles) owned by the company
free from all encumbrance, This data is cunfirmatory aud
generally sim ilar in form, though in les9 detail, than the

TH E

754

CHK0N1CLE.

unioU-- puMLhed iv u- Ih« October<OBROSHCl«, V. « 8 . p.
; 7 ; ai 4 S c r » ‘ i,K.sii;N v fo r O c to b e r ), t b e a r t i c l e in cue S d p p e e m * > t , in fa c t .
b ile p re p a re .! b y tw. h a v in g be<*o q u it c a r e f a l ir r.'vtseti f t th e e u n p .in y ’a o ffic e b e fo r e p u b l i c a t i o n — V ,

ijlrfico
Shore & Eastern Bit.—Mortgage. for $1,TbecoCBpacy basiaade a mortgage to secure $1,»' ■ ■>' of 5 jtt r cent $1,000 gold bonds.—Y . 64. p. 422.
t im e r* ' Street By. (Indianapolis),—Three Cent Fares,—
Titt- in*; I.t » t-lature in Indiana passed a bill to require street
r»ijnv»r companies in cities of the size of Iodi'inapolis to
■
ton e cent fares. The new law, by tb« Governors
.nv-iis v. was to go into forc>> at tniinight, April 14. This
. ..tt j anv. however, declines toob »v the law until a decision
U r.ached in the Federal Court, where a test case brought
i.-, tin- m.-rigsgc trustee is under argument,—V. 63, p. 116.
f l u * s th urban Railway o f B-iltim ire. —Balance Sheet
.hits,
The company has submitted the following:
jsi

lUl.ASCB SHEET JAff. 1, 1897.

Ami*.

Liabilities.

j

a m is .................... - .........
$53,929 Capital stock................ $4,000,000
First m ortgage 5 % .. *3,000,000
O oau itiK lW - Ti*&\ t?3*
t»t* ».ik! *gp!pm* i*t.. 0,07 9,565 |Bills payable and cull
268,181
loans.................. .........
Stock and cost o f oilier
105.527
.............. .
811,309 f Individual accounts.
3,814
Materia.* o o
...
4 4 ,2 7 1 1:Tickets outstanding,.. .
300 | B. C & E, RR. net earnBill* reclwrtrt*.._____
41,014
Paal B ovntonbom l . . .
640 5 inea..............................
203,759
! BS-Eirtktiee puM i a o d v .
l n,858 j Undivided earnings....
Bontl*? a e e o a a ts * ......
*23.651 |
$7,624,315

$7,624,315 !

- t«, add’d inn tin* - oinpan v guarantees tbe payment o f prtnclnal and
tr.t«!«-t on ha*« Roland Elevated 5a, « 1 ,"00 ,0 0 0 ; ami on Baltimore
Canoisville & EUle.itf s Mills Passenger RR. 5s. $590,000.

Adding to the is atement of gross aod net earnings now
furnished the cnarges ami dividends paid for the year 1896
we get the following results for tiie year :
firms
Kterint*.

i-l.OW.541

Xit
Park, etc.,
Earnings, Bzomm*.
$465,ilia

$5,460

Ollier
Dividend Balance,
Charges ( t per cent.) Surplus.

$210,670

$80,000

$69,430

—V. 62, p. 3 17.
Col urn bus Uictviig Valley & Toledo Ry.—Majority o f
Consol, ts Ikfiositeil —Penalty after April 30.—J. P. Morgan
,y- Co. announce thar over a majority of die consolidated
mortgage 5 per rent bonds has been deposited pursuant to
th»‘ir notice o ' Feb. 25 las'. All holders desiring to make de­
posit* are notified to do *o on or before April 30, after which
date, if received at all. bonds dr posited will be subject to each
terms as may be prescribed.
lasting,- On th.-New York Stock Exchange have been listed
$4,132.Olid .1 I*. Morgan & Co. engraved certifio-ttes of deposit
for consolidated ■)■>. Said receipts bear stamped upon them the
following, which refers to the purchase of the March coupon;
J ! ’. Mixysti. Je Co. have advanced to tile bolder hereof ill cash the
-mu at *25 nil M «h *!,« 00 o f bonds herein receipted for, pursuant to
sboir iioflve o f Feb. 25. 1897.—V. 64, p. 663.

Consolidated Kansas City Smelling & Refining Co.—
Listing.—On the New York Stock Exchange has been listed
SltTiO.WXl additional 7 per cent, cumulative preferred stock,
making total amount on list todate $371,835.— Vo). 63. p. 33.
Diamond Match Co.— Official C ir c u la r as to En glish Deal.
—A circular issued by the company at Chicago calls for de­
posits of stock under the English agreement, saying:
To the -u>cl>bolder* of the Diamond Match Co.—Contracts have been
rloerd for tbe into duetton in England o f the valuable insohinery
(a o f which are owned bs this com pany, and negotiations are
further introduction at such patents throughout the
ConH ecat of Europe, the result o f which wilt effect a substantial Inrr-.a-f in the <■,u rung- o f this com pany. The execution o f these con­
tract* will he greatly facilitated by procuring the deposit o f a large
amount o f Hie -tock at tht» com pany with the Illinois Trust- & Savings
Bank :>» trustee, with power o f sale on or before Nov. 1 next at $165
r«-r chare. In pursuance o f the tonus o f an agreement entered Into by
a isrtfr number o f churelmitlMr* o f this ooinnany under date o f Febru..rj 15, A. I>. 1*97. tt is important that this stock should be so dewith lit., trustee prior to Stay 1 next, and, therefore, the direc­
tor* have deemed >t- advisable to submit the mutter to the sharehold­
ers t>y this circular letter.—V. 64, p. 707.

[VOL. L X IV .

A resolution was then passed to maintain the work o f the
Association as heretofore. An ofliciai announcement regard­
ing his made at the close o f the meeting is as follows:
The presidents of the hoard o ' control being in session to­
day, with counsel, and the board of managers being also in
attendance, the following res dution wis adopted by the board
of control:
“■Resolved, That after hiaring the opinion of counsel, and
acting under their advice as to the validity of our articles of
Association and the conduct of our business under it pending
the final decision by the Supreme Court, we, the members
of this Association, believing that under our agreement
we are acting in the public interest, that we are con­
serving and protecting the inter-State commerce of the
country from demoralizition fatal to legitim its business and
its prosperity, and that we are carrying out and enforcing the
letter and spirit o f the Inter s ate Comm-res Act, hereby
pledge ourselves to maintain and carry out the provisions of
the articles of organization of the Joint Traffic Association.
“ Thereafter, upon motion, all pending questions relating
to raii-and lake aod all-rail rates were referred to the board
of managers, with a request that th»y take action under the
scope of the foregoing resolution,
“ In addition therfo the commissioner was requested to
refer the majority and minority rep irts rela 'in gti the dimen­
sions of freight car equipment io the American R lilway Asso­
ciation. This -subject has been under discussion for three
years, the object being to secure uniformity in the facilities
of shippers,”— V. 64, p, 707.
Kansas City Pittsburg & Gulf RB. —Steamship Connec­
tion.—This company, it is stated, nas made an arrangement
with the Mallory Steamship Co. for a fhrough service be­
tween Ka-isas City and New York, New England and Atlantic
coast points, via the Kansas City Pittsburg & Gulf to Texirkana, the International & Great Northern to Galveston and
tbe Mallory Line,—V. 64, p. 664,
Kings County Elevated R R.— Brooklvn Elevate 1 RR.—
Resignation o f Om, Jourdan—Talked oj Union. -G a n . James
Jourdan has announced his intention to retire at an early day
from the receivership of the King* County Elevated Rft\ say­
ing the position was taken with the understanding that his
service should be only temporary. His resignation accords
with the belief of many persons that the plan for uniting the
two elevated systems in Brooklyn, by lease or otherwise, is
likely soon to be carried out.—V. 64, p, 373, 706,
Lehigh Valley R, R.—Completion o f the Sale o f Bonds to
Drexel & Co,—-Cue comDletion of the siix ro Drexel & Co., in
connection with J. P. Morgan & Co., of $5,000,000 new mort­
gage and collateral trust bonds, uider tbe conditional agree­
ment of a month ago (see V. 64. p, 517), was officially an­
nounced on Monday. Tbe new binds are 0 per cent’ gold
bonds, ruining 100 years but subject to crll at 107J^. The
proceeds of the $5,000,000 bonds sold will be used to pay off
the floating debt and to provide working capital. Provision
is made in the mortgage for a further issue of $3,090,000, as
needed for improvements and equipment, iu the next two or
three years, and also for $1,000,000 a year, for seven years
after 1900, for new construction, &e , all of the new property
to come under the mortgage. The total authorized issue is
therefore $15 000,000.
One condition o f the agreement thus consummated was that
an examination of the accounts of the company should be
made by Expert Accountant Stephen Little. Mr. Little’s re­
port now submitted shows no misrepresentations on the part
of the company, though he makes some changes in the method’
of stating the accounts. The floating debt as determined by
him was not in excess of the amount stated by the accountant
of the company.
With the purchase of the bonds above mentioned Drexel &
Co, and J. P. Morgan & Co. secure the voting power for a
term of years on the Lehigh Valley stock owned by the Packer
estate, which is believe! to amount to about 150,000 shares.
No changes in the board of directors or the officers have yet
been made, but it is understood that soma are contemplated.
Several of the officials have reached an age which makes
them anxious to retire from active business life, they having
remained with the properly of late only at the urgent solicita­
tion of parties interested in it.—V. 64. p. 517,

Ey-t Penn Tract urn Co .—Bonds Offered.—Subscription
hooka op-ii. d April 15 at the Treasuret's office, 303 Bourse
Budding, Pbiladelphiii, and at the Yardley (Pa.) National
Bank, to the first mortgage 5 per cent gold bond* of the com­
pany, carrying a bonus of 50 p-r cent in full paid capital
stock. Terms, 10 per o n t on subscription and 15 per cent
Long Island llli.—Improvements—No Immediate Prospect
t aels thirsy day* until paid.—V. 64, p, 707.
o f Dividends,—The following statement from the “ Brooklyn
Indian Spring* & flo t illa .—Sale Postponed,—The sale of Eigle” is of interest relative to the improvements in progress
Hus thr.•—rod- G-«rgia road, which waste have taken place and the prospects for dividends:
"The managers are m iking rapid progress in ballasting the
on M
•been postponed ooe year, Mr. W. P, Smith
track with cinders, and it is hoped to have the worst sections
.l.K-kanntHIrt T'.tnt|»4 4 Key West ItR,—Foreclosure Suit, of the road finished before summer travel begins. About
4* > F>> 1 Moil gage Fibre/.—Tbe Mercantile Trust Co. of half a mile a day is being finished, and the work is to be
V./rk. mr-iv.’ under the J. T. S K . W. first mortgage, continued at that rate until over two hundred miles are put
h;,d at .Is'-fewniiil.-, on the Uth in*t. a petition for fore- in proper condition. This outlay will cost the road not loss
cloMitr. Tbl iH'tion f. thc.tr*! lit to be merely for the purpose than $300,000. The company is increasing the use of hard
r,f preserving ri.:)i.••. The ;>o4tpotsed safe under the oonaol, coal as fuel and half the engines are now using hard coal.
The total mileage under next summer’s time table wilt be 25,mortgage s» ret for May 8 d,—V , 6 4 , p, 7177,
600 miles per month over that of any previous summer time
4 id nt 'I ra (II - vItttl sn ~lh to'nt ion to Continue Asso­ table of the road. One of the directors said :
ciation.—At a mei tmg i i the board of control in this city on
“ ‘W e are going to run the road for some years with the idea
April 13, thirty of the thirty-two roads being represented, ad- of building up Long Island and the future business o f the
•• •- w*re Bi»iir "P >0 the .re pe and hearing of the Trans- road and the earning of immediate dividends will not be
nrJ d‘ 11sion and the 1ioyernroent appeal against the de- taken into consideration. The road is to be run on a large
ci-fot; of the lioited States Circuit Court of Appeals in favor and liberal plan, with the idea of making Brooklyn and the
!
■ ■■■ •
■ r>.- V,'|.) JuiIH c .
rest of Long Island what they should be, prosperous sections
f.arlrr. Erlword J, Pti» Ip* and Senator George P. Edmunds, of the great city of New York and thriving suburbs.’

THE CHRONICLE.

A p r il 17, 1897.J

“ Immediately upon the passage of the Atlantic Avenue Im­
provement bill and its enactment into a law, the Tunnel Com­
pany will be fully organized, capital subscribed and the work
will be undertaken as speedily as possible. President Bald­
win says that the work of depressing the tracks of the rail­
road on Atlantic Avenue will proceed concurrently with the
constiuction of the tunnel.
“ Mr. Baldwin denied the rumor that the Long Island Rail­
road had taken any steps looking toward the purchase of the
Kings County Elevated Road or any trolley lines.” —V. 64,
p 517.
Louisville New Albany & Chicago Ry.—Final Instal­
ment Payable April 15.—The fifth and final cash pavment of
20 per cent on the old common and preferred stock deposited
under the plan will be due and payable on April 15, being $150
on each 100 shares of old preferred stock and $50 on each 100
shares ot old common stock.—V. 64, p. 664.
Mexicau National Railway, Limited.—Dividend on A.
Certificates.—Deposits Subject to Penalty.—This depositary
company from the money received for interest on the Mexican
National RR. “ A ” bonds held by it paid on April 6 a dividend
at the rate of £2 7s. 4i per cent upon its “ A ” certificates.
Hereafter bondholders desiring to convert their Mexican
National Railroad second mortgage “ A ” and “ B” bonds irro
the certificates of the company must deposit them at the
office, 13 and 14 Cornhill, E. C., and pay a penalty at the rate
of 20s. per $1,060 bond, in addition to the assessment provided
for in the scheme.—Y. 63, p. 1115.
Newark & Granville Electric Street R y.—The Equitable
Trust Co., of Chicago, has filed a cross peti ion in the United
States Circuit Court at Columbus, O., in the suit of R-inhart
& Scheidler vs. the Railway Company, maintaining that it
holds a mortgage on the property to its full value and asking
for a receiver.—V 63, p 652.
New York Central & Hudson River R R — New York &
Harlem RR —Refunding Plan.—The directors of these com­
panies on Wednesday entered into a contract with J. P. Mor­
gan & Co. of New York and J. S. Morgan & Co. of London
for the conversion of their outstanding bonds into new gold
bonds running for 100 years and bearing
per cent interest.
The New York & Harlem stockholders will meet on May 18
and the New York Central stockholders on May 26 to ratify
the action of the directors.
The New York Central will make a new loan for $100,000,000, of which $15,000,000 will be rest rved for new construc­
tion after 1903. The remaining $85,000,000 will b»used to
take up the existing bonds and any part of this amount not
so used will bs soi l for cash. Ths New York & Harlem bonds
will be for the present amount, viz., $12,000,000. The two
new loans together will, therefore, aggregate $112,000,000
The bonds to be offered the privilege of exchange are as
follows:
Amount.
Next York Centred—
Due.
Sale.
First m ortgage....................
Jan. 1, 1903......... .........$30,000,000
First m ortgage, sterling .. 6
Jan. 1 ,1 9 0 3 .........
4
Debt certificates............... .
May 1, 1905......... ......... 0,450,000
Debentures.......................... .. 5
Sept. 1, 1904......... ......... 11,000,000
Debentures........................ .. 4
June 1, 1905 . . .. ......... 13.L94,' 00
T ota l..............................
N. Y. & Harlem c o n s o l... ..

7

May 1, 1900......... ......... 12.000.000

Grand total...................

The annual interest on the New York Central bonds at
present outstanding is $4,153,776. Interest on $85,000,009 34£
per cent bonds will be $2,975,000. The saving in interest will
thus be $1,178,776 per annum. The annual interest on the
present New York & Harlem bonds is $840,000. Interest on
the 3}£ per cent bonds will be $420,000, a saving of $120,000.
The saving in interest for both the New York Central and
the Harlem roads will be $1,598,776 a year.
The terms of the conversion of the New York Central and
the Harlem bonds will be annou ced later. The new bonds
will constitute a first lien on both properties.
The new 3j£ per cent bonds of the Lake Shore & Michigan
Southern Railway—the amount being $50,000,000—are is-ued
at 102^£, and the old bonds are accepted on a 3*^ per cent
basis. If is supposed the N<w York Central ana the New
York & Harlem bonds will be issued on about the same terms.
—V. 64, p. 664.

755

anty Trust Co. on May 15, or as soon thereafter as warrants
can be obtained from the Court.—V. 64, p. 664.
Owensboro Falls ot Rongh & Green River RR.—Illinois
Central RR.—Purchas d at Foreclosure Sale—At the fore
closure sale in Owerisboro, April 9, the Owensboro Falls
of Rough & Green River RR. was puichased in the inter­
est of the Illinois Central RR. Co. for $150,000. The Owens­
boro road is 42 miles long, and control of it was secured by
the Illinois Central in connection with its purchase of Chesa­
peake Ohio & Southwestern securities in 1893.— V. 64, p. 84.
Peori i as St. Louis Ry.—Sale of Bonds.—Construction.—
Io reply to our letter of April 8, inquiring as to the tru h of
the newspaper statement that he had pi teed $3,000,000 of
bonds in Paris, Contractor D. L. Wing writes :
The faots as given are practioally true, exoapt in the amount o f the
bonds that I succeeded in placing in Paris. The amount of the issue is
$ 1,100,000. The survey and locatiou are all eoinDlete, the w ork hav­
ing been begun last August and has been continued from that time up
to this date Last fall about. 17 miles o f grading was com pleted and
one mile of track was laid before the cold weather set in. During the
winter nearly all the right o f way has been seoured, the bridge timbers
have been ordered in, aud as soou as the weather will permit, active
operations in grading, track-laying, eto., will begin again.

Tbe road is projected from Peoria to Springfield, III., a dis­
tance of 50 miles, and tbe authorized amount of the mortgage
upon it is $1,100,000. Wnether or not this amount has all
been placed does not seem clear.—V. 63, p. 560.
Rapid Transit Underground RR. ( >lew York City).—In­
corporation.— 'his company was incorporated at Albany,
April 9, for the purp se of constructing a tunnel railroad in
New York City from the City Hall Park to 155 h Street, the
incorporators and directors being : Carlton E. R-eve, Cornel­
ius V. Sidell. John Bogart, John Acken, David L. Hough,
John F. O’Rourke, Thomas Allen, aud Robert H. Sherwood
of New York City, and Nelson S. Easron of Summit, N. J.
The length of the proposed road will be ten miles, and will
commence at or near City Hall Park, running as follows:
Northerly under Park Row and Centre Street and through the block ,
to and under Reade Street, to New Elm Street: along the latter street
to SpriDg Street and Marion or Mulberry streets, thenoenortherly to
Great Jones Street, llienoe northerly through Lafayette Place to Astor Place and Eighth Street, thenoe northerly through aud under
Ninth Street to Fourth A venue, thence to Forty-seoond Street and
over same to Grand Central Depot and Oevond the depot to and along
Broadway to Fifty-ninth Street, thenoe to Boulevard aud Eleventh
Avenue and along the same to One Hundred and F if ty-lif th Street.
That portion of the route betweeu One Hundred and Twenty-fourth
and One Hundred and Thirty fourth streets on E leventh Avenue shall
be along the surfaoe o f the street.

It is said tbe road will be ouilt “ if the desired right is given
to it according to the ideas of the Rapid Transit Commis­
sion.”—V. 64, p. 611.
Reading Company.—Fuller Statement of Earnings.—The
Reading management announces that “ the accompanying
detached statement of tbe ousiu“ss of the Pbiladelphia &
Reading Railway Company and the Philadelphia & Reading
Coal & Iron Company are furnished in response to several re­
quests for this information.” [The results of the business of
the whole Reading S f stem for February aud the three months
ending Feo. 28 were published by us last week, but the totals
for the three months are here repeated. The figures for 1896,
it should be understood, have been adjusted by the company
lo the 1897 basis.—E ds ]
PHILADELPHIA * HEADING R A IL W A Y CO.

3 mos.
Gross
to Feb. 28. earns.
1897 ....... 14,657,791
1696........... 4,909,015

Ret
earnings.
f2.lll.604
2,135,664

Other
Income,
$85,455
88,010

Equip't
renewals.
$125,954
156,893

COAL & IRON COMPANY.

1897..........$4,974,960 loss 1162.843
1896 ........5,574,150 loss 38,529

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

Impts.& Bui., sur.
renewals, for charges.
$7,424
$2,063,681
50,336
2,016,345

$110,907 loss $279,750
222,000 loss 201,129

TOTAL SYSTEM NET INCOME AND CHARGES.

1897 ......
1S90.........

Re'ding Co. Coal & lron Rail'y Co. fatal
Charges &
net income. Co.los-. net income. ner income. taxes.
$70,983
$279,750 $2,063,681 $1,854,914 $2,325,000
70,983
201,129 2,010,3 i5 1,826,199 2.418,749

Balance•
deficit®
$470,089
592,54

The fixed charges iu the foregoing statement are given as
they now stand. O j completion of tbe reorganization the
fixed charg's and taxes will be reduced t > $725,000 per
month, or $2,175,000 for three months. Tbe Reading Sys­
tem always shows small earnings in the winter mouths. Toe
result this winter is better tiian it was a year ago. The
largest earnings are iu the autumn.—V . 64, p. 708.
Savannah (8a ) Traction— ity Sc Suburban RR.—Fares
Restored to Five Cents. —These companies have raised their
fares from three to five jents a id are otherwise acung in
such apparent harmony that it is tnought in Savannah some
plan for permanently uniting their interests must be iu prog­
ress —V. 61, p. 182, V. 60, p. 873.
Snmiuit liruncn KK. -Foreclosure Sale July 13, 1897.—The
foreclosure sale of the property (excepting certain tracts of
land released trom the mortgage on March 20, 1896,) is adver­
tised to take place at the Philadelphia Bourse July 13, 1897.
The reorganization agreement as now at hand proves to be
merely the plan published by us last D -cember (V.63, p. 1065,)
excepiing that the new mortgage is to be for $1,4)0,000 of
wbicn $325,000 is to remain in the trea-ury.
The authorized
capital stock will be $1,500,000 iu $50 shares. Che Pennsyl­
vania RR., it is provided, shall deposit its 43,804 shares of old
stock, and in common with tbe other stockholders pay the
assessment of $3 p-r share (or .$9 per share of new stock re­
ceived, the exchange being three for one). To participate iu
the reorganization bonds and stock must be deposited- with
the Girard Life Insurance Annuity & Trust Oo. of Pailadelphia by May 7, 1897. Assurances of assent of practically
total issue of bonds have been received.—V. 64. n. 708.

New York Stock Exchange.—Resolutions Adopted by
Governing Committee—The Governing Committee of the
New York Stock Exchange this week adopted the following :
Resolved, That transacting or offering to transact busi jess
in grain, produce, cotton or oth r commodities without com ­
mission, or ior a nominal commission, by any member of this
Exchange or firm repr s e D t e d therein, for a customer dealing
in securities dealt in at the Exchange, is a method or arrange­
ment for rebatement of commissions and is a violati m of
t h p commission law.
Reso'.ved. That giving or <ffering to give reciprreal busi­
ness in grain, nroduce, c >tton or other commodities deoen
dent upon the amount of Stock Exchange business received
is a method or arrangement for rebatement of commissio:s,
and is a violation of the commission law.
Oregon Short Line tc Utah Northern Ry.—Decr-e Valueof
Utah Southern Bonds. — t he Special Master announces that
there is due from the foreclosure Bale of Jap. 9 to holders of
Utah South-rn general mortgage bonds the amount of $499 08
per bond and to holders of Utah Southern extension bonds
$499 16 per bond. These amounts will be paid at the Guar­ D T F or och er In vestm en t Item s see p a -e 7*38.

THE CHRONICLE.

75(5
t lc p o v t s

a n d

jD o c u m

cu ts.

CH1C A G O BURLINGTON & QUINCY RR. CO.
FORTY THIRD ANNUAL REPORT—FOR THE
ENDIN'*! DECEMBER 31. 1806.

YEAR

C h i c a g o , March 17.1807.
To !>„ S!o O, l.trr* o f tie 1 hiejgo Burlington it Quincy

Kntltvat ( ompany:

[VOL. LX1Y.

M iles n m Ity Freight Trains pur mile o f road operated
In 1 8 9 6 ’(standard gau ge).................................................
In 1805 (standard g a u ge)....... ...........................................

2,1 60
2,008

Increase in 1S06....................................... ........................

62

N o te .—T he Earnings and Expenses o f all roads ow ned o r c o n ­
trolled by the C. li.& Q. HU, Co. are Included In the foreg oin g ; bu t the
tons and passenger* carried one mtlo do not Include those of the nar­
row -gauge roads, for which no such »! attgties sre kept. In figuring the
earnings per ton and p er passenger per m ile, the freight and passen­
g er earnings o f the narrow-gauge roads have therefore hteu exclu ded.
C A P IT A L

STOCK.

The Capital Stock o f the Chicago Burlington & Quincy
Railroad Company on December 81, 1805,

V
Dm-i-tora submit tht.-following report of the opera­
w a s ................................................................
tion- .>f tie- Couipaoy for tlu* yea rending December 81,1803: O. B. & Q, stock issued during the year in ex-

$82,002,700 00'

chance for B. & M. R. HE. (Iow a) stock sur­
rendered.........................................................

P A R S IN G S AND EXPENSES.

100 00

Tin* fir— Ivirmngs of the Company, including those o f
T otal Capital Stook o f C. B, & Q, HE. Co.,
»lt leased and controlled railroads, have been:
Decem ber 3 1 ,1 8 0 0 ..............................................
Emm Fpdglii ........................... ..............$22,423,214) 77
Capital Stock o f the B urlington & Missouri
Prwm PasMiasvr*................................. 7.47. 3>»l Sit
R iver HR, Co. (Iowa) on D ecem ber 31 ,180 5.
l,4u<>..> 1J aw
-------- „ ----- $34,176,456 22

From Mail, Expra** aittl Miscellaneous

The Expenses have been :
OperatiDit p xpause

Taxe*.......................

$11,135,800 84
1.;.24.670 70 22 ,660,17154

Net Burnings front O p era tin g...........

1,100 00

$82,004,200 00

390,323 40

The Funded Debt o f the Chicago Burlington & Quincy
Railroad Company on December 31, 1895,

FU N DED

Total Net R eceipts........................................................... $11,000,308 08

D EBT.

w a s...................................................................................... $127,152,900 00

Charges have been as follows :
Interest on Bonds ..................................... . $8,252,778 05
Rent o f Track and Depots ........................
409,275 15
Sinking Funds ..................................... . ..
777,784 56

9,439,837 79
$2,466,470 29

Divi lends have been paid as follows :
$320,027 00
820,028 00
820,028 00
820,028 00

3,280,111 00

DeSett for the year.......... ......................... .................

$813,640 71

1806 COMPARED W ITH 1895.
Gros« Earnings fnuu Operating in 1896......................... $34,170,456 22
Or...-. Earning* from Operating in 1895................. ........ 33,658,270 86
Increase in 1890................................................................

$518,185 36
-..-..——- ......"T

Operating Expenses and Taxes In 1896.......................$22,660,471 54
Operating Kvpen-. * and Taxes in 1895 —......................... 22,495,661 68

IncreaseIn 1896

$164,809 86

Net i: irrnngs from Operating in 1396............................... $11,515,984 68
N. t Earnings Irani Operating in 1*95............................... 11,162,609 18
Increase In 1896

$353,375 50

IVreetuage o f Operating Expenses (Including Taxes) to

Ores* Earning* la 1890 ...................... ..................

Percentage o f Operating Expenses (Including Taxes) to
tiroes Earning* In 1395....................................................
Decrease In 1890.

66-30
66-84
0-54

T o u t nu m berot Passenger* carried one m ile In 1896,
e i d o - i v r o f Free M ile a g e...............
In 1895.....................
Decrease In 1808........................................

324,553,045
346,882,548
22,328,603

Gra** Earnings from Passengers In 1990.......................... $7,452 301 56
*:r«»s Earnings from Passengers in 1895............ ............
7,791,303 74
Decrease In 18 9 « ..............................................................

$339,002^ 5

tiro** Earn o r , per Pamwnger per m ile In 1896..............
s.ro*« Earning* per Passenger per m ile in 1895..............

2-28 cents.
2 23

Increase In 1890

0-05 cents.

Miles rail by i’ a-sengerTrain* in 1896 (standar.l gauge)
MOr* run by I’ a-scn r. rTrain* In 1895 (standard gauge)

10,114 275
9,884,385

Increase In 1 8 9 6 ..,..........................................................

229,890

Mile* run by Passenger Train* per mile o f Road op er­
ated n> 1890 (standard gauge).......................................
In 1395 (standard gau ge).................................................

1,409
1,377

lo r rr a ie In 1896.............................. ................. ..............

32

Tidal number ..f Ton* o f Freight carried one mile In 1896 2,577,655,320
la
.................................................................................... 2,447,206,138
lo c rr a -e in 1896.................... .......................................... “ 130,449,182
lire** Earning* from Freight In 1896
Oram Earning* from Freight In 1895.

$22,423,210 77
21,002,241 37

lnerea*e in i 890

$820,969 40

Groaa Earning* per ton per mile In 1896.
Groea Earning* per ton per mile In 1895

0 ’86 i cents.
0-878 "
............ ............

Mile* m o by Freight Trains in 1890 (standard gang,
MUra ran by Freight Train* to 1895 (standard gang

Incraate is 1890.......

A ggregate o f Capital Stock mi Dec. 31, 1896..

N o te .—The 0 . B. & Q, RR. Co, ow ns and holds in Its T reasury alm ost
all o f the capital stock o f the railroad com panies con trolled by it. F or
a detailed statem ent o f the amount o f such stock outstanding and the
am ount ow ned by the C. B. & Q., see p age 48 o f pam phlet.

Other Incom e and Interest...................... $358,740 05
Net Herelpts o f B. ,4 M. R. Hit. in Ne­
braska and II, & St. J. RR. Land D e­
partments tor the y e a r ...........................
31,583 35

Decree** In 1 3 9 6 ....

outstanding w as............................... ................. $1,500 00
Less am ount converted into C. B. & Q. stock
1O0 00
during the y ea r...................................................

$11,515,984 68

Add for—

March 1 6 ,1 8 0 8 ,1 p e rc e n t........................
Juno 15. 1396, 1 p e r c e n t ...........................
September 1 5 ,1 8 0 6 ,1 per c e n t...............
December 15, 18 96,1 pur c e n t.................

$82,002,800 00

0-014 cents.
15,507.091
15,061,929
445,102

There were issued during the
year Bonds as follows :
C. B. & 0 . Consol. M ortgage
7 p. c. Bonds o f 1903 sold .$2,247,000
Do. issued fo r Scrip sur­
rendered .............................
3,000
---------------- $2,250,000 00
0. B. & Q. Iow a Dlv. 4 p. ot.
Bonds o f 1919 so ld ..........
1,000,000 Cia

The reductions during the year
were as follow s:
Bond Scrip exchanged for
C. B. & tf. Consol. M ort.
7 p er cent Bonds o f 1903
audoaneelud.................
$3,000 00

Paid at maturity :
Nebraska R ailw ay 7 per ot.
Bends o f 1896...................319,000 00
Om aha & Southwestern RR,
7 per ct. Bonds o f 18 96..6 69,0 00 00

Purchased for Sink.
Funds and canceled :
C. B. & Q. 5 per cent. Bonds
o f 1919 (Io w a D iv is io n ).. 42,000 00O. B. <te Q, 4 tier cent, Bonds
of 1919 (Io w a D iv is io n )..1 89,0 00 00
0. B. & Q. 4 per cen t Bonds
o f 1927 (Nebraska E x t.)..321,000 00
-------- ------- - 1,573,000 00
Net Increase o f Funded D ebt during the y e a r............

1,077,000 00'

Total Funded D ebt o f the O. B. & Q, RR. Oo. on
D ecem ber 31. 1896.......................................................... $128,829,900 00
Outstanding Funded Debt of controlled railroad
companies on Dec. 31, 1890 (being the am ount not
owned by the C, B. & Q. RR . Co.), w a s................. .
24,259.000 OO
Total outstanding Funded D ebt of the whole lystem
on December 3 1 ,1 8 9 6 '................................... ................

$153,088,900 OO

LENGTH OF R O A D .
m u sThe numbei of miles or Road ow ned and leased liy the Com ­
pany, including uP Bran hos, on Dee. 31, 1895, w a s............ 5,564-87
A dd, for m ileage leased aud operated jo in tly w ith other Com ­
panies and Roads for which a lixed yearly rental is p a id ... 165-67
Total number o f m iles operated by the C om pany D ecem ­
ber 31, 1895, as stated in the last Annual R e p o rt.......... 5,730-54
There were added during the year:
Is Io

w a

.

Hites.
The Humes ton & Shenandoah R ailroad,
leased to tills Company under date ot May
J, 1896.................................................................. 112-56
Less the m ileage o f the M oulton & A lhla RR.,
Alhla to M oravia, which this Com pany has
oeased to operate.............................................. 11-50
IN I llinois and M issou ri .
During the year arrangem ents have been
m ade under w hich this Com pany’ s Passenget trains are run from E ast Alton, 111.,
over the Alton Bridge and the St. L. K. &
N. W. RR, to St. Louis, Mo..............................
A dd for increase In m ileage due to small
changes In tracks and re-m easurem ents. —.

10103

26'88
1 ’ 42

N etln oreaseln m ileage during the y e a r..

129-31

Total num ber o f m iles onerated b y the
Company D ecem ber 3 1 ,1 8 9 6 ...................
D iv id e d as F o l l o w s :
Num ber of m iles o f road ow ned and leased
by the Company, Including all B ra n ch es...
Number o f m iles o f leased road operated
join tly with other Companies, and that for
w hich a fixed yearly rental Is paid................

5,859 85

5,052-62
2 f 7-23
—---------- 5,859*85'

Brought fo rw a rd .................................................
Number o f miles o f standard gauge road o p ­
erated by railroad com panies controlled by
the C. B. & Q. KB. Co. on Doc. 31, 1896 . . .

J'SjQ'Sj
1,438-99

T o t a l..................................................................
From w hich should b e deducted fo r m ileage
operated jo in tly by tw o or m ore companies
in the System, and which is therefore dupli­
cated a b o ?e................. ......................................

7,298-84

118'72

M akingthe total stan lard gauge mileage o p ­
era ted by the whole System on Dec. 31,189 6

7,1 801 2

The average number o f m iles operated by the
System during 1896 was..................................
7,180 12
N ote —For details o f the above m ileage, see pages 49 to 54 of
pam phlet. In addition to the above standard gauge m ileage the
Chicago Burlington & Quincy ER. Co. controls 178-87 miles o f narrow
gau ge road.
LENGTH OF 8E C 0N D TRACK.
C hicago B urlington & Q uincy R a il r o a d Co m pa n y .
No Second Track was built during the year.
The num ber o f m iles o f Second Track on Dec.
Miles.
Miles.
31, 1896, was:
Xn Illinois..................... ........................................ 204-01
88-01
In I o w a ..................... ............................................
4*75
In N ebraska...........................................................
297-37

Total ........................................................
Length o f Second Track on standard gaugei
controlled roads, Decem ber 3 1 ,1 8 9 6 , was:
In M issouri.............................................................

25-97

CONSTRUCTION AND EQUIPMENT.
E xpend itu res .

Thsre was expin le i for Construction during the year, on
the Ch. Bur. & Quincy RR. and Branches in Illinois and Iowa:
F or New Viaduct at Hawthorne, 111.................
F or Land at C hicago............................................
F or Land at Kook islan d ....................................

.835,3 19 53
110,613 46
62,229 90
8208,191 99
128 23

Loss M iscellaneous Credits

8203.063 76

On the Burlington & Missouri River Railroad
in Nebraska and Branches :
F or Land and B ight o f W a y.................... ..........
88,418 85
F o r New F e n ce s.................................
15,144 75
F or Nebraska C ity B ridge................................
12,045 85
F or New Side T ra ck s...............................................
2,754 27
F or N ew B r id g in g .....................
12,447 48
49,018 45
For New Ballast .................................................
F or Interlockin g Plants at Grand Island and
D e n v e r ......... .........................................................
2,979 13
F or M iscellaneous C onstruction..........................
2,092 33
------------------- 104.981 11
8313,044 87
D educt for ex cess o f Premium o v er Discount on Bonds
sold, and excess o f D isoonnt o v er Premium on Bonds
purchased fo r Sinking Fund and c a n ce le d ........................ 325,018 89
Net amount credited to Construction A ccou n t in 1896___ 811,974 02
T h e o o s t o f E iuip n ea t paid for during the year was........ 761,178 86
N et am ount charged Construction and E quipm ent A c­
counts m 1896............................................................................ 8 ’ 50,204 84

There was expended for Construction durin the year on
the standard gauire roads controlled by the 1 hicago Burlington & Quincy RR. Company :
F or
F or
F or
F or
F or

757

THE CHRONICLE

A p b il 17, 1897.J

New B allast...................................................$108,427
New T raoks.................................................
25,635
New B rid g in g .............................................
13,042
New R iprapping.........................................
10,000
Laud and B ight o f W ay............................
2,450

Less M iscellaneous C redits..................
.................

42
81
11
00
87

$159,556 21
2 ,4 4 8 1 8

T he cost o f Equipm ent paid for during the
year w a s...........................................................

$157,108 03
83,370 66

The Equipment at the end of the year is as follow s:
E ngines...................................... 214 W ay Cars.................................. 110
2
Passenger and Comb. C ars.. 108 B oarding Cars..........................
6
Baggage, M ail and E xp. Cars
46 W recking C ars.........................
4 Box and Stock C ars................5,417
D ining C a r s .............................
Officers’ and P ay C ars..........
5 Flat and Coal Cars..................1,624

There was added during the year to the Equipment of the
narrow gauge railroad companies controlled by the Chicago
Burlington & Quincy Railroad Company:
E n g in es...........................................................................................................

1

The Equipment at the end of the year is as follows :
E ngines.....................................
Passenger and Combination
Cars.........................................
Baggage. Mail and Exp. Cars

18 I W ay Cars.
I W reckin gC ars..................
I B ox and Stock Cars.......
Flat, Coal and Ore Cars.

2
3
316
264

G E N E R A L REM ARKS.

The actual length of standard gauge road operated by the
Chicago Burlington & Quincy Railroad Company and con­
trolled companies on December 31, 1896, was 7,180 miles, the
same as on December, 31, 1895.
The average number of miles of standard gauge road oper­
ated by the Chicago Burlington & Quincy Railroad Company
and controlled companies in 1896 was 7,180 miles, the same
as in 1895. The gross earnings per mile o f road operated
were §4,731 26 in 1896, against S4,663 60 in 1895. The operat­
ing expenses, including taxes, per mile, in 1896, were §3,131 83, against §3,110 29 in 1895. The percentage of operat­
ing expenses, including taxes, to gross earnings, in 1896. was
66-19, against 66-69 per cent in 1895.
The number of tons moved one mile on the standard gauge
roads increased 5 33-100 per cent as compared with 1895;
while freight earnings increased 3 66-100 per cent. Pas­
sengers carried one mile decreased 6 44-100 per cent, while
passenger earnings decreased 4 36-100 per cent. The per­
centage of operating expenses to gross earnings decreased
one-half o f one per cent.
The corn crop o f 1896 was larger even than that o f 1895,
the Government estimate being 2,283,875,165 bushels, against
2,151,188,580 bushels in 1895, for the whole country The
five States of Illinois. Iowa, Nebraska. Missouri, and Kansas
harvested, in 1896, 1,329,394,596 bushels, as compared with
1,122,156,267 bushels the year before. The extremely low
price of corn has held back shipments.
There has been paid in dividends to the stockholders dur­
ing the year, §813,640 71 in excess of the net earnings, which
is taken from the accumulated surplus of the past.
Sinking funds have increased during the year §1,255,938 34,
of which sum §777,784 56 was paid directly from the earn­
ings o f the year, and the remainder, §478,153 78, was the
accumulation o f interest on bonds held in the funds. This
sinking-fund increase was used in purchasing §1,598,100
bonds, o f which §552,000 bonds were canceled, and §1,046,100
remain uncanceled in the sinking-fund investments.
The directors will lay before the stockholders at the an­
nual meeting in May a proposal to change the fiscal year, so
as to make it begin July 1 and end June 30. This is done
principally for the sake of convenience in making up the
various reports required by National and State boards, most
o f whicli are for the fiscal year ending with June. The pro­
posed change, if adopted, will involve holding another
stockholders’ meeting this year, in November, and the an­
nual meeting thereafter in November instead of in May.
For further details relating to the affairs of the company
reference is made to the Report of the Treasurer and fol­
lowing statements.
By order of the Board of Directors,
CHARLES E. PERKINS, President.

$242,478 69

There was expended for Construction during the year on
G e n e r a l A ccount.
the narrow gau^e roads controlled by the Chicago Burling­
TH E CHICAGO BURLINGTON A QUINCY R A ILR O A D COMPANY
ton & Quincy RR. Company :
IN G E N ERAL ACCOUNT DEC. 31, 1896.

F or
F or
For
F or

New 8kle T ra ck s.........................................
$ 7 ,381 23
New Buildings and Water W orks ...............
988 99
New F en cin g.....................................................
848 24
M iscellaneous C o n str u c tio n .......................
113 40

T he cost o f E quipm ent paid fo r during the
year w as............................................................
EQUIPMENT.

$9,331 86
8,445 19

DEBIT.
Capital Stock—
820,027 Shares C. B. & Q. stock, re­
ported Decem ber 31, 1895............... $82,002,703 00
1 Share C. B. & Q. stock issued dur­
ing the year lor B. & M. K. RR.
(Iowa) stock su rrendered................
100 00

$17,777 05
B. & M. R. RR. (Iowa) stock reported

Decem ber 31. 1895............................
There were added to the Equipment o f the Chicago Bur­
amount converted into C. B. &
lington & Quincy Railroad Company during the year, Less
Q. stock during the y ea r...................
Engines and Cars built or purchased, as follows:
E n g in es......................................

4 |B o x and Stock Cars................ 1,232

And for Equipment acquired by the lease of the Humeston
& Shenandoah Railroad:
E n g in es.....................................
17 W ay Cars...................
Passenger and Combination
Box and Stock Curs.
Cars.............................................
3Coal and Flat C ars..
B aggage, Mail and Express
.C ars...............................
2

The Equipment at the end o f the year is as follows:
E n g in e s ..................................
Passenger and Combination
Cara........................
Baggage, Mail and Express
Cars.......................................
Dining Cars...........................

891 I Officers’ and Pay C ars........
10
|Way Cars ...............................
399
556 Boarding Curs. ......................
15
I W racking C ars......................
9
187 |Box and Stock C a r s ............ 24.992
10 |Coal, Flat and Ore Cars.... 6.940

There were added during the year to the Equipment of
the standard gauge railroad companies controlled by the
Chicago Burlington & Quincy Railroad Company :
B o x C a r s . . . . . . . . . ................... ............... . . . . . . . . . . . . . .........., , i . . . . . . . . .

33

$82,002,800 00
$1,500 00

100 00
$82,001,200 00
Funded Debt—
C. B. Q. Consolidated M ortgage 7 per cent Bonds,
pay able.T uly 1 .1 9 0 3 ......................................................... $28:,913,000 00
C. B. & Q. Consolidated Mortgage bond 8crip ...............
11,000 00
C. B. «fe q . Sinking Fund 5 "per cent
Bonds, payable O ctober 1, 1901. . . . $2,500,00000
Less amount purchased for Sinking
Fund and canceled ..............................
185,000 00
2.315,000 00
C. B. <fc Q. Iow a D ivision Mortgage
Sinking Fund 5 per cent bonds, p ay­
able October 1, 1919.......................... $3,000,000,000
Less amount purchased fo r Sinking
Fund and canceled..............................
182,000 00
-------2,818.000 00
C. B. & Q. Iow a D ivision M ortgage
Sinking Fund 4 per cent Bonds, payOble October 1. 1919........................... $12,295,000 00
Less am ount purchased for Sinking
Fund and canceled.............................
3,224,000 00
1,071,000 00
C. B. & O. Sinking Fund 4 per cent Bonds, payable
freplem berl, 1921............................................................
.300,000 00

758

TH E

CHRONICLE.

Brvusrkf
------ *----- --------------------------- 00
C I*. Jfc O. Molrfoif f utid 4 i*er ©ent Bouftft, payable
jptoiwrtiary 1. 19*5 t
ver © E l « ? « » | a a i $7, 968.Out) OU
r . B a* ij. S |«e?iv..ul Boad*, p jra M ^ H ay 1, 1 0 1 8 -....
0*0 0 0 ,0 0 0 0 0
C. &■
u. Kr<0ra*k3 K w tm m m Mori*
«*<?* S lakle^ Fijfttf 4 pear 6ttt$

f*?»4*r |kaf«9« May L1$37..
a tw o a a l

^20,441,00000

lo r S lo k t a i

‘ ‘lu i “ * '■ - a''c !‘'4 .............................. _ ^ w o « o o
,,0>730i()00 00
C- B- A Q Convertible 5 per cen t
p a , able -.'p I.-m in-r !, 1903.. 15,278.700 00
L ^ .-lit converted In to M o ck .. ..
1 1 .800 00
________________ 15.263,000 00
i i It a <i. f lK th e g e A I o w a Division 5 p er cent Ronds,
2,320.000 00
I.»v
February 1. I l W , ...............................................
U ,v M R RR. !u S«bra«fca Consolidated M ortgage
„■I'uihi Up, t *»*ut Bond*, payable July i , 1918. 12,304,000 00
i: A M r. lilt. It! N ohra-kaW iikittgP M ldl p<T c. bond*.
s * . . J . m , 1 ,1 0 1 0 ..................................... ......................
3,347,00000
_____ „
R*urtt'i»c;>!i Valley RB. mart unit* sinking fu nd Op. e.
: V:-, 1 payable July 1, 1010 — .............................. .
1,078,00090

(V o l . L X IV .r
C R E D IT .

By Operating E xpen ses..........................................................$15,551,874 35
B y R ent o f T racks and D e p o t s .........................................
5119*1 905 22
B y T axes. State. C ounty mid C ity ....................................... $1,298,121 77
By Interest on Bond*—
C hicago Burlington A Quincy RR. and branches......... $6,726,205 91
By Cash Paid to Sinking Fund* fo r 0.
B,A Q, 5g o f 19 01.........................................
$59,250 00
0, B.& Q. 4s A 5s o f 1919 (Iow a D iv ision )........ ............
229.425 00
O. B. A i>. 48 o f 10 21..........................................................
43.000 00
C. B. & q . is o f 1922 (D enver E x ten sion )...................
79,080 00
C. B. & Q. 4s o f 1927 (Nehraska E x ten sion )...............
293,489 56
B. * M. ft. R R . in Nebraska 1 per cent B o n d s ..............
06,910 OO
6,000 00
Ltneoln & North Western RR. 7 per cent B on d s..........
B y D ividends—
_ ^ ^ 8156
M arch 1 6 .1 8 9 6 .1 p er c e n t .................................................
*820,027 00
June 15. 1 8 9 6 ,1 per c e n t ..................................................
820.028 00
Septem ber 1 5 ,1 8 9 0 , 1 p e r c e n t .........................................
820,028 00
D ecem ber 15, 1 8 9 6 ,1 per ce n t...........................................
820.028 00

8126,028,900 00
C onlin.i.ot H a bit Uief fo r Branch Hoad*—

$ 3 ,2 8 0 ,1 1 1 0 0

O t t o » A F o x R . V a i. K S , , 6 p . c . b 'd s . p a v . J u l y 1 , 1 9 0 0 .
$ 1 ,0 7 6 ,0 0 0 0 0
A M ! A N V . .K R . 7 P- o. b o n d s , p a y a b l e M a r c h 1 , 1 9 0 8 .
1 ,1 2 5 ,0 0 0 0 0
I.,
.v X . W H U . sin k . ftl. 7 i>. o. b o n d e .p a .v . Jau, 1 , 1 9 1 0 .
6 0 0 ,0 0 0 0 0

Unpaid voucher* and pay r o lls .........................

,000 00
$117 , 0 6 3 2 5
1,596 .480 00
1,038.,100 57

S u n d r y c u r r e n t a c c o u n t s .................................................
B il l s p a y a b l e .............................................................................

9 9 3 . ,0 4 9 3 6
5 0 0 .000 00

B y B a la n c e a t c r e d i t o f I n c o m e A e e o u n t .

$ 2 7 ,8 3 4 ,0 9 2 8 1
.$ 1 1 ,5 1 1 ,3 9 2 4 0

$ 2 ,8 0 1
M a l u m ! c o u p o n * , nu t p r e s e n t e d .............................
C o u p o n in te re st to m a tu r e J a n u a r y 1 , 1 8 0 7 ,

$ 4 , 2 4 4 ,7 8 3 1 8
P r o fit a n d l o s s ................ ................................................................................ $ 1 4 , 1 5 4 ,4 1 8 8 5
$ 9 , 0 0 0 000 00
R e n e w a l f u n d ..
.........................................................................................
I n c o m e a c c o u n t ...................................................... ........................................ $ 1 1 , 5 1 1 ,3 9 2 4 0

Sinking Funds. shearing the total of payments to and
neerci ions of Si n k i nft I n nets for—
C.

B . f t (j. 8 p e r c e n t b o n d s , o f 1 9 0 1 .........................................
C . B . »tr u . 4 a n d 5 p e r c e n t b o n d s , 1 9 1 9 ( ln w n D i v i s ’ u ).
C . B . A- * *. 4 p e r c e n t b o n d s o f 1 9 2 1 ..............................................
C . H A Q . 4 p e r c e n t b o n d s o f 1 9 2 2 ( D e n v e r E x t e u s 'n )
C . R , A O . 4 p e r c e n t b o n d s o f 1 9 2 7 ( N e b r a s k a E x te r n )
B * M . K . H R . in N e b r a s k a 6 p e r c e n t b o n d s o f 1 9 1 8 .
B . & M . R - K R . In N e b r a s k a 4 p e r c e n t b o n d s o f 1 9 1 0 .
R e p u b lic a n V a l l e y K R . 6 p e r c e n t b o n d s o f 3 9 1 9 ..............
L in c o ln A N o r t h W e s t e r n R R . 7 p e r c e n t b o n d s o f 1 9 1 0

$ 1 ,0 9 0 ,3 4 6
3 ,2 6 1 ,7 2 7
9 0 6 ,6 9 0
1 ,6 7 0 ,4 4 9
2 ,4 4 4 ,7 7 0
4 ,0 7 5 ,1 0 0
1 ,6 6 4 ,7 5 4
2 9 8 ,4 7 3
1 5 9 ,0 3 7

69
04
44
79
02
65
30
12
49

$ 1 6 ,1 7 1 ,3 4 9 8 4
$ 2 6 5 ,9 1 6 ,0 4 4 2 7

Construction accounts.

C R E D IT .

A m o u n t o f C o n s t r u c t io n a n d E q u i p m e n t , in c lu d in g
eo*t o f B ran ch R o a d s, re p o rte d D e c e m b e r 3 1 , 1 8 9 5 .$ 2 0 3 ,2 7 8 ,5 9 6
A m o u n t e x p e n d e d f o r C o n s t r u c t i o n in 1 8 9 6 ..................
3 1 3 .0 4 4
A m o u n t e x p e n d e d f o r E q u i p m e n t in 1 8 9 6 .........................
7 6 2 ,1 7 8
C o m o f 1f u m e - ( o n ft S h e n a n d o a h R y „ t r a n s f e r r e d
f r o m " C o s t o f I n v e s t m e n t * In th e S e c u r it ie s o f C o n ­
t r o lle d R o a d * . " o n a c c o u n t o f t h e l e a s i n g o f t h e r o a d
to the. C B . & Q. R R . C o .................................... ..............................
1 ,8 2 2 ,0 0 0

21
87
86

$ 3 9 ,3 1 5 ,4 8 5 2 1

Raleigh & Gaston R R ,—Seaboard & Roanoke R R .—iVeto
First Mortgage Bonds —Refunding Notice.—The Mercantile
Trust & Deposit Co. of Baltimore bat purchased $1,20) 010
Raleigh & Gaston first mortgage fifty-year 5 tvr ce-<t gold
bonds, dated Jan. 1, 1897, due Jan. 1, 1947, and offers to
holders of the existing 8 per c »ut bonds the opportunity.? until
July 1,1897, “ to exchange same at- par foralikiam run t of the
new issue, adjusting interest to drte of exchange, and p ly ­
ing in cash the differenc * between 5 per cent and 8 psr cent to
Jan. 1, 1898, the maturity of the present 8 per cent bonds,
which is equivalent to a cish bonus of p ) pm b u d ”
The total issue of this mortgage is $1,500,000 of which
$1,200,000 are to be issued at present, the bonds being author­
ized for the following purp ses :
T o r e t ir e t h e p r e s e n t 3 p e r c e n t b o n d s ..................................... ............$ 1 , 0 0 0 , 0 0 9
F o r b e t t e r m e n t s , m a t e r i a l s a n d s u p p l i e s ....... ................... ..................
2 0 0 ,0 0 0
N o t t o b e is s u e d fo r a t le a s t th r e e y e a r s w ith o u t th e c o n s e n t
o f th e M e r c a n t ile T r u s t A D e p o s i t C o m p a n y o f B a lt im o r e ,
T r u s t e e , a n d t h e n o n l y f o r b e t t e r m e n t s , s u p p l i e s ,e t o ., in
lik e m a n n e r a s a b o v e $ 2 0 0 , 0 0 0 ......................................... .....................
3 0 0 ,0 0 0

The net earnings which in 1896 were $242,013 have averaged
during the past six years over $210,000. while the interest
charge on $1,200,000 new 5s will be $80,000, aga'nst $89,000, as
at present.
00
Judge Hughes's Decision.—Owing to an error in the press
dispatches a slight inaccuracy apoeared in our ioatn of last
$ 2 0 6 ,1 7 5 ,8 1 9 9 4
week regarding Judge Hughes’s decision. The plaintiff in
L e a * a m o u n t c r e d ite d C o n s t r u c t io n A c ­
c o u n t in 1 8 0 6 f o r P r e m iu m o n b o n d s
the suit was not the Mercantile Trust & D ‘posit Co. of Balti­
-■ h i. a n d D i-c o u n t o n b o n d s p u rch a sed
more but two other trust companies of that city, one o f
f o r S in k in g F u n d * a n d c a n c e le d ................ $ 3 2 5 , 0 1 8 8 9
which was the Baltimore Safe D p tsit & Trust Co , acting as
A n d f o r c o s t o f D e a d w o o d C e n t r a l s e c u r lt ie s . t r a n s f e r r e d f r o m C o n s t r u c tio n A c ­
mortgage trustees or as holders of honds of the Seaboard Air
c o u n t t o • 'C o s t o f I n v e s t m e n t s in th e
Line system, Atlantic C^ast Line and Southern Railway. The
Securities o f Controlled R oads” .............. 180,368 57
505,387 46
bill made defendants the Seaboard & Roanoke RR, and
various ro- ds connected with the Atlantic Coast Line Co. and
$ 2 0 5 ,6 7 0 ,4 3 2 4 8
Cost of lnxtsUnv His in the Securities
Southern Railway systems. When the bill was filed a tem­
of Controlled Honda—
porary restraining order was issued to prevent the cutting of
H a n n ib a l A S t. J o s e p h R R . C o ..............
$ 9 ,1 3 2 ,0 3 1 2 0
rates. Judge Hughes in bis present decision concludes that
S t. 1, K e o k u k A N o r t h W e s t . R R . C o .
9 ,3 3 6 ,1 9 6 10
K. 0 . S t. J o * C o u n c il B lu ffs R R . C o ..
5 .1 7 8 ,9 0 7 5 8
he cannot make the order permanent, and in eff* cc therefore,
C h ic a g o B u r l. * N o r t h e r n R R . C o ____
4 ,3 4 0 .6 4 5 6 0
as said last week, dissolves the injunction.—V. 84, p. 470,
C h ic a g o B u r lin g t o n A K a n . C . K y . C o ,
5 ,1 2 6 ,5 1 2 3 6
J708.
N a r r o w O t O f f i R a i l r o a d * .............. '............
1 ,8 7 7 ,7 5 9 5 9
$ 3 4 ,9 8 7 , 0 5 2 4 3
,w> 4 9 2 , 5 9 1 8 6
§ 1 , 3 3 3 ,8 1 0 8 3

In's nim -llt-............................................................
M a t e r ia ls o n h a n d f o r f u t u r e u s e ..................................................

TrmUet of Sinking fund*, showing the cost of uncttnvtlcil Mruritiet and cash meaning investment
held in oinking l anils for —
C- B. A (j. 5 per cent bond* o f 19 01..
C. ft, A if - 4 per ce n t bonds o f 1921..
i tt. A q 4 p e rce n t bond* o f 1922..
B .A M J i H R

In N. b .O p ,o , b d n .o f I 9 t 8

' ! I n i l . . 1, N .-h , S
|,u -. u f H H O
Renul) Val. R R . « Tt. c. bonds o f 1910.
l.lm olnA N or.W .ltK.7p.c. bds. o f 1910

$ 1 ,5 1 4 ,3 0 7 21
9 0 6 , 0 0 0 14
1 ,6 7 0 ,4 4 9 7 9
4 ,0 7 5 ,1 0 0 6 5
1 ,6 8 4 ,7 5 1 3 0
2 0 8 .4 7 3 4 2
1 5 9 ,0 3 7 4 0

$10,288,813 30

Current Accounts—
Sundry Available SwurlU c*...............

$2,508,008 38

Sundry A - c o u n t * a m i b i ll* r e c e iv a b l e
c * > h o n b a n d ____
. . . . ..................................

4 ,1 1 9 ,1 8 3 5 2
3 ,5 1 5 .2 5 1 4 7

--------------- $10,143,343 37
$ 2 6 5 ,9 1 6 ,0 4 4 2 7

7

* , » ! ' *>-'»
Th

In c o m e A c c o u n t .
N f . T t l N A Q I 'I M 'V R A I L R O A D

ItfR M
At c o c N T W IT H

COMPANY
IN C O M E A C C O U N T D E C . 3 1 , 1 80 8,

DE BIT .
s• -

31,

:■!.

1 » : 1.7 - F o r 1m ln n c o a - pc r A n n . R e p o r t o f 1 8 9 5 . $ 1 1 , 9 3 5 , 0 0 2 74
1 Tim— F o r F r e ig h t E a r n i n g - . . .......................................$ 1 6 , 9 0 5 , 0 0 3 7 8
’ •Pit*“ "'•‘•.-r Earning*............................
5 , 122,226 03
Ml e ila n c o li* E a r n i n g s .............
3 .18f .752 76
C t Ins on Sfctti'* o f CnntrolladKbad*.
l or Dividend* ,,j| 8 loe)r
do
,p,
F.'i- idht r Inter, ■! and In co m e ...............
For Net R eceipt, from B, A M. R. UR,
i n N i h r u -k a L a n d C r a n t .......................

$25,553,072 57
*717,105 90
724 380 68
.'iSOlSlO 05
$1.830,797 29
$25,922 61
$39,315,485 21

Union Pacific By.— Majority o f Collateral Trust Cold
Note 6s o f 1891 Deposited.—Penalty after April SO—J. P.
Morgan & Co. announce that a m »jority of the c jllateral trust
gold notes 6s of 1891 has been deposited under the terms o f
the agreement of Peb. 25 last, and that all holdeys who desire
to become parties to said agreement must deposit their notes
not later than April 30, after which rotes, if received at all,
may be subject to penalty,—V. 64, p, 713,
West* rn Union—American Bell Telephone.—“ Stock
Ticker” Case—Petition by the Western Union for a W rit o f
Certiorari Denied.—The U n i t e d S a t * s S u p r e m e Court at
Washington, April 12, in the ‘ S o k Ticker c n - " , denied the
petition for a writ of certiorari a s k e d by the Western Union
against the American Beil Telephone Co. George H. Fearona,
attorney for the W, s t e r n Union Telegraph Compauy, says :
T h is in t h e o M s u it b r o u g h t, a b o u t t w e l v e y e a r * a g o a g a i n s t t h e
A m e r ic a n B e ll T e le p h o n e C o . u n d e r t h e c o n t r a c t o f J u ly 1 0 , 1 8 7 9 , f o r
a p e r c e n t a g e o f t h e r o y a lt i e s r e c e iv e d b y t h e B e ll C o m p a n y f r o m I ts
le s s o r c o m p a n ie s fo r t h e p r iv ile g e
d o in g a t e le p h o n e
The
c a s e w a s d e c id e d a g a in s t t h e p la in t if f s , o f w h o m th e r e w e r e s e v e r a l .
I n c lu d in g t h e W e s t e r n U n io n . T h e W e s t e r n U n io n T c le g r a u li C o .
m o v e d t o d is m is s th e
b a t t h e C o u r t r e fu se d t o d i
an d th e
p la in t if f s c a r r ie d t h e c a s e t o tlio U n it e d S t a t e s S u p r e m e C o u r t
The
d e c is io n is r e l a t i v e l y u n im p o r t a n t , a n d w a s v i r t u a l l y d e c id e d a b o u t
eight, y e a r s a g o .

or

action,

business.
so,

The “ New York Tribune” adds by way of explanation :
F o r t w o v o a r s p r io r t o N o v . 1 0 , 1 8 7 9 . t h e W e s t e r n U n i o n , t h r o u g h
t h e A m e r ic a n S p e a k in g ' T e le p h o n e C o m p a n y , h a d b e e n e n g a g e d In
t e le p h o n e b u s in e s s . O n th e d a t e n a m e d th e W e s t e r n U n io n a u d th e
Bell c o m p a n ie s m a d e a c o n t r a c t b y w h ic h t h e W e s t e r n U n io n c o n f in e d
i t s e lf to t h e t e le g r a p h i c Held a n d t h e B e ll c o m p a n y r e s t r ic t e d I t s e l f t o
t h e t e l e p h o n e b u s in e s s .
U n d e r t h i s c o n t r a c t t h e W e s t e r n U n io n ,
th r o u g h t h e A m e r ic a n B poak itn r T e le p h o n e C o m p a n y , r e c e iv e d 2 0 p e r
c e n t o f t h e t e le p h o n e r e n t a ls o f lo c a l o o n c e r u s . In 1 8 a 4 t h e c l a i m w a s
m a d e t h a t t h i s a g r e e m e a t g a v e t o t h e W e s t e r n U n i o n 20 p e r c e n t o f
t h e .stock o f th e v a r io u s lo c a l c o m p tn ie s I t la t h is c la im t h a t h a s b e e n
d e c id e d m f a v o r o f t h e B e ll T e le p h o n e C o m p a n y .— V . 0 4 , p . 7 0 6 , 5 1 8 .

i'HE CHRONICLE.

A p r il 17, 1897.]

% h z

(C o m m e r c ia l

759
C O T T O N .

% x m ts .

April 16, 1897.
as indicated by our telegrams
COMMERCIAL
EPITOM E
from the South to-night, is given below. For the w e e k e n d in g
Friday N ight , April 16, 1897.
this evening the total receipts have reached 48,795 bales,
Although to day, Good Friday, was not a legal holiday io igainst 48,619 bales last w e e k and 54,237 bales t h e previous
this State, it was generally observed as such, exclusive of week, making the total receipts since the 1st of Sept., 1896,
banking circles. All the principal commercial and financial 6,406,548 bales, against 4,920,957 bales for the same period o f
Exchanges of the country adjourned for the day, and some 1895-6, showingan increase since Sep.l, 1896, of 1,485,591 bales.
will continue closed until Monday. Naturally this has had a
Sat.
Receipts at—
Mon.
Wed. Thurs.
Fri.
Tues.
Total.
tendency to interrupt business to an extent. However, trade
G
alveston........
1,151
1,755
2,045
2,148
435 3,835
11,369
generally has continued in an unsettled condition, awaiting a
.........
.........
.........
Tex. City, Ao. .........
......
314
314
mere definite outlook relative to the tariff legislation. Toe
4,123
New
O
rleans...
1,231
3,096 1,256 4,099 1,883 15,688
political situation in the Far East has been more of a factor
M
obile..............
827
293
753
40
557
5S6
3,056
during the past week and has had considerable influence
20
20
upon the course of prices, particularly in the grain markets. F lorid a ............. ......... ......... . . . . . . . . . . . . . . . . . .
444
459 2,267
Reports from the Mississippi Valley indicate that the worst of Savannah........
882
417 1,237
5,706
the flood is over, but the outlook is still threatening, as
2,817
2,817
apprehension is felt over the weak spots in the levers on the Jharleston____
212
28
26
128
526
1,298
378
lower Mississippi River. Press dispatches report that peace
.........
Ft. R oyal, &c. . . . . . .
74
74
. ...
......
......
negotiations are under way between Cuba and Spain, with W ilm ington___
424
3
75
88
134
757
33
this country acting as a mediator. The Greater New York
bill has been passed over the veto of the Mayor of New York fforfolk.............. 1,913 1,019
921
5,660
702
462
643
and is awaiting the signature of the Governor.
243
........
.........
243
N ewport N.,&c.
......
......
There has been only a limited inquiry for lard on the spot,
as neither shippers nor refiners have been buyers. Offerings, B oston ..............
865
217
96
271
81
132
63
however, have not been large and prices have improved
426
426
slightly with futures, closing at 4'42}^[c. for prime Western, Phlladelph’ a.Ac
502
159
40
76
166
61
3-95c. for prime City and 4'70c. for refined for the Continent.
No business has been transacted in the local market for fu­ T ot’ls this week 5,439 8,606 9,517 2,964 11,027 11,242 48,795
tures, but at the West the trading has been moderately active,
The following shows the week's total receipts, the total since
and on a demat d from packers, stimulated by only moderate Sept. 1, 1896, and the stock r,o-mgnt, compared with list year.
receipts of swine, and in sympathy with the advance in the
1896-97.
£t./,ek
1895-96.
grain markets, prices have advanced, closing steady.
Receipts to
F r id a y N ig h t ,

Th e M o v e m e n t o p t h e C r o p ,

DAILY 0 LOSING PBIOB8 OP LARD FUTURES

M ay.................... ............o.

Sat.
4 'i 0

Mon.
1 45

Tuee.
4 50

Wed. Ih u r.
Ft *.
4 45 4-50 H'day.

Pork has had a limited sale but prices have advanced slightly
closing firm at $9@9 50 for mess, $9 50@$10 50 for short clear
and $9 50@$10 50 for family. Cut meats have continued to sell
slowly aDd prices have weakened slightly,closing at5*£@55£c.
for pickled bellies. 12(310 lbs. average, 5@5t.jC. for pickled
shoulders and 9@9%c. for pickled hams. Beef has had a
moderate sale at steady prices, closing at $7@$8 for mess,
$7 50@9 for packet, S9@SI 1 for family and §12 50@$16 for
extra India mess.
Beef hams have been easier, closing
at $18. The demand for tallow has been quiet and prices
have weakened to 3%c. Oleo stearine has also sold slowly
and prices have declined to 4%c. Lard s'earine has been
dull and is quoted nominally at 4%c. Cotton seed oil has
had onlv a limited sale but prices have improved slightly,clos­
ing at 20c. for prime crude and 22%@23c. for prime yellow.
Butter has been quiet and prices have weakened slightly,
closing at ll@18c. lor creamery. Cheese has had a fair sale at
firm prices, closing at 9@12%c. for Slate fa co ry , full cream.
Fresh eggs have been steady for choice, closing at 9}£@9%c.
for choice Western.
The Brazil growths of coffee were in increased demand dur­
ing the latter part of the week, and yesterday prices advanced
sharply, closing firm at 7%c. for Rio No. 7. Mild grades have
continued to meet with a slow sale, but the close was quoted
steady with good Cuenta at 14%c. and standard Java at 25c.
There has continued a moderate ly active speculation in the
market for contrac’s and prices have advanced 55@75 poin s
on buying for European account, closing firm. Tfce follow­
ing were the final asking prices:
April................. 7-45C. I J u ly ................ 7-550. I O ct..................... 7 70o.
M ay_____ . . . . . . 7-45o. A uk . . . . . ........... 7'60c. N o v ................... 7'73o.
Ju ne.................. 7-50o. 1 S ept.................. 7-65c. I D eo..................... 7-75o.

The demand for raw sugars has been dull andprices have
weakened slightly, closing at 3 9-32c. for centrifugals, 96-deg.
test, and 2 29 32c. for muscovado, 89-deg. test. Refined sugars
have been slow and prices have declined, closing at 4%c.
for granulated. Teas in moderate demand and steady.
Kentucky tobacco has been in fair export demand for
Africa at firm prices. Sales 250 hhds. Seed lead tobacco has
had only a limited sale, but prices have been firmly main­
tained, Sales for the week were 1.600 cases, including: 200
cases 1895 crop, New England Havana, 16@22}/2C ; 250 cases
1895 crop, Pennsylvania Havana, 12@13c ; 350 cases 1895
crop, Pennsylvania sped haf, 11@12%c.; 3'i0 cases 1895 crop,
Wisconsin Havana, 7}^@10o.; also 500 bales Havar a at 80c. to
$1 18 in bond, and 2(0 bales Sumatra at 70c. to $2 in bond.
There has been an easier turn to the market for Straits tin,
owiDg to free arrivals from abroad,and prices have weakened
slightly. The close was steady at 13-20@13-25c. There have
been rumored large sales of ingot copper but at lower prices,
closing at ll%r311]^c. for Lake. Lead has had only a lim­
ited sale, and prices have weakened to 3 35@3 3 7 } for do­
mestic. Spelter has been dull and ut changed at 4 - i 0 @ 4 ' 1 5 c .
for domestic. Pig iron has been dull and weak at $!0 ttl2
for domestic.
Refined petrol.um has been uncharged, closing at 6 05c. in
bbls., 3'55c. i-i bulk and 6‘50c. in cases; naphtha lower at 6o.
Crude certificates have been neglected. Credit balances have
been lowered to 84c. Spirits turpentine ha< continued in de­
mand and prices have advanced slightly, closing firm at 29%
@30c. Roeir s have been quiet but steady at ?1 65. Wool
has been in 1 ss active demand but prices have held firm.
Hops continued to sell slowly and prices have been weak.

A p ril 16.

This Since Sep.
Week. 1 ,1 896 .

This Since Sep.
Week. 1, 1895.

G alveston ...
T ex. C., Ac.
New Orleans
M ob ile.........
F lorida.........
Savannah.. .
B r’ wlok, Ac
C harleston..
P. R oyal, Ac
Wilmington.
Wash’n,&o.
N orfolk ........
N’ portN.,<feo.
New Y o rk ..:
Boston..........
B altim ore...
Phlladel.,A©.

11,369 1,325,213
314 103,758
15,638 1,969,895
3,056 281,732
80,492
20
5,706 807,073
2,817 156,459
1,298 384,656
65,804
74
757 233,317
857
5,660 682,009
16,240
243
47,806
865 148,574
58,6S0
426
502
38,383

6,802 890,134
2,384 108,234
12,037 1,652,309
1,643 189,431
29,909
4,576 711,325
743 113,653
1,826 273,100
70,134
658 162,923
765
2,206 310,587
342 163,049
1,084
50,336
4,565 109,475
78
46,297
1,132
39,296

T o ta ls .......

48.795 6,406,548

40.076 4,920,957

1897.

1896

72,196
5,456
194,921
18,620

45,138
834
178,979
13,222

34,339
1,408
22,225

25,597
1,937
23,627

5,398

4,666

19,971
234,961
11,000
13,222
6,896

19,829
1,904
147,343
13,000
6,827
10,503

641,113

493,406

....

In o r d e r t h a t c o m p a r is o n m a y b e m a d e w it h o t h e r y e a r s , w e
g iv e b e lo w t h e t o t a ls a t le a d in g p o r t s f o r s ix se a s o n s.
Receipts at—

1890.

1895

Galves’n «feo,
New Orleans
M o b ile .........
S avannah...
Chas’ton, Ac
Wilm’ton.&c
N orfolk .......
N. News, Ao.
Vll o th ers...

1897.
11,633
15,683
3,056
5.706
1,372
757
5.660
243
4,6J0

9,186
12,037
1,643
4,576
1,826
653
2,206
312
7.602

17,83 7
24,064
1.149
4,431
9,862
675
2,818
2,959
16,802

1894.
9,434
13,998
2,922
4,583
2,146
544
6,601
2,849
4,823

1893.
5,773
17,628
1,702
6,317
1,250
84
3,604
701
5.836

1892.
3,997
17,356
1,541
5,894
1,260
832
3,865
2,589
5,973

Cot. this wk.

48,795

40.076

80,617

47,903

42.895

43,207

Since Sept. 1 6406.54 S 4920,957 7517,925 5634.005 4714,274 6690,634

The exports for the w e e k ending this evening reach a total
of 61,739 bales, of which 17,396 were to Great Britain, 821
to France and 46.522 to the rest of the Continent. Below are
the exports for the w e e k and since September 1, 1896.
Week Ending Apr. 16, 1897. From Sept 1, 1890, to Apr. 16. 1897.
Exported to—
Exported to—
Great
Conti- Total Great
ContiTotal
Brit'n. France nent. Week. Britain. France nent.
lalveston......
ex. City, &c..
'lew Orleans.. 11.773
Mobile..........
Florida.........
Savannah ...
Brunswick.
Charleston..
Port Royal ...
Wilmington
Norfolk ....
N’port N , Ac..
Mew York
2.073
Boston.
2,269
Baltimore..
1,281
Philadelphia..
S. Fran.. &c.. .
Total

17,3*0

Total, 1895-96. ?0.4<6

710.363 180,032
137
137
21.076 33,749
0,0 ;o 6,670

821

4,72^
2,650

4,723
2,660

G.589
1,274

9.483
2.269
2,552

2,500

2,500

771,829 379,257
131,714
59,008
48,203 15,341
95,712
78,32 2
63,850
95,431
140,900 5,200
10,305
208,874 25,459
217,212
70,09
7,097
8.91'
2,998

273,537 1,170,532
21,454
21.454
505,681 1,710,767
30,108 164,912
5,488 05,156
319,332 412,930
12,013 108,325
187.011 265,333
63,850
111,363 200.794
40,375 136,535
200
10,505
171,013 405.950
2,001 219 303
50,503 140,959
9.398
450
52,552
56.550

821 10,5? 2 04,739 2,790,212 013,680 1,880.401 5,284.259
4.029 43.041 79.045 1.940,003 410,709 1.024.602 4,018,27

THE

760

CHRONICLE.

In addition to jiujvh exports, our telegrams to-night also
give u« th-.' following a unitnts o f cotton on shipboard, not
clear.-1, at the ports oatnod. We a id simitar figures for
New York winch are prewired for our spsoiut usa by Messrs,
.v Barrows, Produce Exchange Bui Id in 2 .
OSf SHtTBOAJU). HOT OMMJkSD FOE—

Mmw
u .

.
1 Other
Britain.. trane*. Foreign

liiiflflil

M-prii l © uf■
—
..

.....
VhMtlrrntcm .. ..
MoMI« . . . . . . . . .
:• - k ..........
Kew Y o r k ..,..,
Other p orta .. . .
Total 1 8 9 7 ...

29,194

Total 1 8 9 8 ...
Total 1 8 9 5 ...

26.235
40 532

Coastvise.

Total.

( V o l . L S IV .

T he S a l e s a n d P r ic e s o f F u t u r e s a t Ne iv York, are
shown in t h e f o l l o w i n g c o m p r e h e n s iv e ta b le ,

L easing
stock.

22,610
6,784
None.
None.
None.
None
850
None.

i 21,200
2,174
■ 4,000
! None.
| 5,000
1,500
i 5,200
3,500

2,290
4,477
500
240
None.
7,500
None.
None.

52,793
21.736
4.500
2 HI
12,000
10,200
8,050
7.500

142.123
50.160
30,339
21.975
6.620
9.771
220.911
35,880

30,844

J41,574

15,017

117,029

524,084

8 t4 |31,9>4
3,987 137,360

6,160
15,5*2

65,183
97.391

428,223
012.458

«» **■»** v*w «**#« u u u n - i a i iu ^ lUiit h. i. i u r u o iiiu u i ULUlfS illiSj

ruled 11.rough the week. Speculation lias been dull and con­
fined utmost exclusively to room traders, and the flue na­
tions in puces h ive been within a smali raige, Saturday
there was an easier turn to the market, particularly for the
new crop months, which were for foreign account, prompted
bv favorable conditions for planting, exclusive of the flooded
distric*. The close was at a decline o f 2 to 7 points for the
day. Monday the cew crop months opeaed at a furthsr de­
cline under continued foreign selling. Subsequently, how­
ever, foreigners turned buyers and the early loss was more
than recovered, closing unchanged to 2 points higher
for the day. There was a dull market on Tuesday, but
as foreign advices cam * stronger, prices improved
slightly and the close was unchanged to 2 points
higher. Wednesday there was increased activity to the
trading. Foreign advices were again stronger and this stim­
ulated something of a demand from shorts to cover contracts
and at the close prices showed an advance of 3 to 5 points for
the day. Thursday there was a quiet market, the business
of the day being largely confined to evening up contracts
over the Easter Holidays as the Exchange adjourned from
Xhursd . v night until Monday morning. The opening prices
showed a decline of 1 to 3 points, and during the day prices
further weakened a point or two under liquidating sales by
longs who were fearful o f developments on the Turkish fron­
tier over the Holidays. The close was barely steady at a
decline of 3 to 4 point*. Cotton on the spot has had only a
limited sale but prices were held steady, closing unchinged
at 7 7-i6c. for middling uplands.
The total sates for forward delivery for the week are
bales. For immediate delivery the total sales foot
up this week 2.910 hales, including 1,114 for export, 1,796
for consumption,----- for speculation and — on contract.
The following are the official quotations for each day of the
past week—April 10 to April 16.
Rates on and off middling, as established Nov. 22, 1893,
and revised Dec. 11 .1895, by the Revision Committee at which
■gra tes other than middling may be delivered on contract:
------ « « ( « « » • . . . . . . ....... <}. 1 J4
Middling Fair................. .
n o n ___
Wtttot ***.-.....i
(Joed iM
iddling.___

on,
on.
on.

Good MlMllus............... s,s on.

Strict Low Middling....... . 3 " oft
L ow M iddling............ .
3g off.
B trlotO ood O rdin ary.. . . . H ,6 off.

ofl.
Good O rdin ary............... 0. 1
G ood M iddling T in g e d ...
E veo.
S trict M iddling S ta in e d .. 7™ ofl.
M iddling S tained.............. % oil.
S trict L ow Mid. S ta lz a a .. 25.„ 0nt
L ow M ld d lin g S ta in e d ,... 1% ofl.

On this basis the prices for a few of the grades would be as

fo llo w s .

UPLANDS.

S a t,

M o il r u e

W ed

TU,

Sis

67,fl

67,8
7*18
7 'l s

P rl.

G ood Ordinary.
Low M iddling...
M iddling............
Good Middling..
Middling Pair .

8&ib

GULF.

S a t.

■HCon T u p * W e d

01 ,6
7*16
71‘ id
8
80,6

£
K 1' 8 O’ 11c 01'18 j e ' i «
7*1 B
? “ ff
1
M
8
8
©
89 * « * »
89,6
w
M o n T u e » W e d T i l . P p I.

Middling Fair?.'
STAINED.

S a t,
-

G ood Middling rirw.vj

Bt

7L *
77,8
7H
8».«

74,°
8 5t«

TH
3*i«

Th,

|

•d
ao
a

F r i.

nil

6,H«

7p

77,',, . 7 h e

7 ‘ i0
T l"
Tfjf}

83,6
71,8
77 <»
77,fl

I ,'18
7|w
7 7|.

H oli­
day.

MARKET AND SALES.

Ine total sales of cotton on the spot and for future delivery
Awh Uv luring the week are indicated in the following
•ta.em-ot. For the convenience of the reader we also add
• coiurar which shows at a glance how tne market closed on
sa m e d ay*.

SPO T MARKET
closed .

*a

I
M

1

i

...........
tttmw&mf q «\ P t.. . . .
W M M aj Qiirit *
T V d a j K taiet.................
F rid ay..........................
T o w t - J .............................

BAi.ES O F SPOT AW» CONTRACT.

Ex­
port.
600

iY i

470
459
124
172
571

1,114

1,796

200

Tolr-l,

Sales of
Futures.

•mm-

459
324
172
885

41.300
72,100
51.200
85.300
48,600

....

2,910

Qmi- Snee- Con­
*ump ul’f n tract.

■—
d *r.'.
....

* Includes Bale* In Septem ber, fo r Septem ber, 15.100: Septem ber,
Ootober,
Septem
ber-Novem
ber, 4V
for
N ovem ber---, fo r O ctober, 344,800;
.
. muj
ivymwvi
AioTomwoit
| iiuvtJUUPBt372.000; Septem ber-Dooom ber, for D ecom bor, 2,290,000: Septem ber,
January, fo r .lannary. 7,114.100: Septeraber-February, for February,
446,90b; Septeittber-Maroli, for March, 6,268,200.
t ' i r We nave inoluded m tue ab ove table, am i shall eotitlnue e a ch
w eebto g ive, the average p rice o f futures each day fo r each m onth. It
will be found under each d ay follow in g t in abbreviation " A v ’g e ." The
u verageforeaoh month tor the week is also g iv en at bottom o f table.

i ^ f For exchanges see page 762.
T h e V i s i b l e S u p p l y o f C o t t o n to-night,as m a d e up by cable
a n d telegraph is a s follows. The Continental stocks, as well as

those for Great Britain and the afloat are this week's returns,
and consequently all the European figures are brought down
to Thursday evening. But to make the Vitals the complete
figures for to-night f Apr, 16), we add the item o f exports from
299,000 the United States, including in it the exports of Friday only:

THE CHKONICLE.

A pril 17, 1897.]

1897.
1896.
1895.
1894.
Stook at L iv e r p o o l.....b a le s . 1,258,000 1,157,000 1,722.000 1,732,000
Stock at L on d on ___. . . . . . . . . .
6,000
7,000
6,000
9,000
Total Great Britain stook. 1,264,000 1,161,000 1,723,000 1,711,000
Stook at H am bu rg.______ __
14,000
25,000
25,000
27,000
Stook at B rem en.......
191,000
252,000 338,000 199,000
8took at A m sterdam ......... ....
5,000
10,000
19,000
16,000
Stook at R otterda m ___ . . . . . .
200
200
200
200
Btock at A n tw erp . . . . _______
12,000
19,000
12,000
19,000
Stook a tH a v r e .......................... 229,000 310,00C 481,000 463,000
Stook at M arseilles...
5,000
7,000
5,000
7,000
Stook at B arcelona___ _____
82,000
83,000 100,000
65,000
Stock at G enoa________
55,000
75,000
39,000
16,000
Stook at T rieste.........
11,000
26,000
13,000
19,000
T otal Continental stocks.. 607,200 807,200 1,035,200 831,200
T otal European s to o k s.... 1,871,200 1,971,200 2,763,200 2,572,200
India ootton afloat fo r Europe
138,000 168,000 101,000
210,000
A m er.oottonatloatfor Europe
217,000 280,000 410,000 223,000
E g y p t,B ra zil,*o.,aat.forE ’pe
36,000 14,000
21,000
29,000
Stock In United S ta te s p o r ts .
611,113 493,406 739.839 687.101
Stock in U .S. Interior towns..
204,020 263,609 212,773 203.041
United 8tates exports to-day.
7,622
14.675
24,819
5,922
T otal visible supply.......... 3,114,955 3,204,890 4 ,2 72,b 3l 3,935,264
O ltk e above, totals ot A m erican and other descriptions are as fo llo w s ;
American—
Liverpool s t o o k .........b a le s . 1,111,000 933,000 1,603.000 1,-169,006
Continental stooks................... 539,000 699,000 955,000 710,000
Amerioan afloat fo r E u rop e..
217,000 280,000 410,000 2 2 8 ,0 (0
United States stook.................
641,113 493,406 739,839 687,101
United States interior stooks.
204,020 263,609 212,773 203,041
United States exports to-day.
7,622
14,675
24,819
5,922
Total A m erican.................. 2,719,755 2,733,690 3,915,431 3,303,064
East Ind ian, Brazil,
—
L iverpool sto ck ........................ 147,000 174,000 119,000 263,000
London stock.............................
6,000
7,000
6,000
9,000
69,200 108,200
80,200 121,200
Continental stooks..................
India afloat fo r E urop e..........
138,000 168,000 101,000 210,000
Egypt, Brazil, & o„ afloat.......
36,000
14,000
21,000
29,000
Total East India, &0......... 395,200 471,200 327,200 632,200
Total A m erioan................. 2.719,755 2,733,690 3,945,431 3,303,061
Total visible s u p p ly .........3,114,955 3,204,890 4,272.631 3,935.264
M iddling U pland, L iverp ool..
Hed.
l^sd
3-'i, <i.
4i«d.
M iddling Upland, New Y ork .
77ieO.
71“ ,,o .
6io,«o.
7»i*c.
E g y ptG ood B row n , L iverpool
5tjd.
6 lid .
6%d.
5ii«d.
Peruv.Rougb Good, L iverpool
6*16d.
6»igd.
5%1.
5l3,«d.
Broach Fine, L iverpool...........
4 i-ad.
4 l jed.
3 »l(,d.
Tlnnevelly G o o d ,L iv e r p o o l..
3%d.
4igd.
3 “sd.
4i|sd.
T h e im p o r t s i n t o C o n t in e n t a l p o r t s t h e p a s t w e e k h a v e
b e e n 146,000 b a le s .
T h e a b o v e fig u r e s i n d ic a t e a d e c r e a s e in t h e c o t t o n i n sig h t
t o -n ig h t o f 89,835 b a le s as c o m p a r e d w it h t h e s a m e date
o f 1896, a fa llin g o ff o f 1,157,876 b a le s fr o m th e c o r r e s p o n d in g
d a te o f 1895 a n d a d e c r e a s e o f 320,309 b a les fr o m 1894.
A t t h e I n t e r i o r T o w n s t h e m o v e m e n t — t h a t is t h e r e ce ip ts
f o r t h e w e e k a n d s in c e S e p te m b e r i , t h e s h ip m e n t s f o r the
w e e k a n d t h e s t o c k s t o -n ig h t , a n d t h e s a m e it e m s f o r th e
c o r r e s p o n d in g p e r io d o f 1895-96— is s e t o u t in d e t a il b e lo w .

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s2

S'S’
a*

761

yCTOATIONS FOR MIDDLING COTTON AT OTHER MARKETS.—

Below are closing quotations of middling cotton at Southern
and other principal cotton markets for each day o f the week.
CLOSING QUOTATIONS FO B MIDDLING COTTON ON—

A pril 9.

Satur.

Mon.

Tuts.

Wednes.

Thurs.

G alveston. .
New Orleans
M obile.........
Savannah...
Charleston..
Wilmington.
N orfolk .......
B oston .........
B altim ore. .
Philadelphia
Augusta___
Memphis___
3t. Louis___
H ou ston___
C incinnati..
L onisville...

7*8
7%
7
7
7
7
7M
7 718
7%
7 “ 18
7H
7
7
7 iis
7%
7*8

7 >8
7%
7
7
7
7
714
7718
73a
7 n l0
7*4
7
7
7>IS
7%
7%

7*8
7
7
7
7
7
7H
77ie
77is
7i>ie
74
7
7
74s
719
7*8

719
74a
7
7 ’ ie
7
7
74
7 7I6
7 7ie
711,8
74
74s
7
74a
74
74

74
73ie
7
74e
7
7
74
7 718
7 7’ 6
7146
75,8
71,6

Ot

CO

;

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0^0 ©COM©

®

M (0 M v - M

Is?
S-C3.
__ c

j j l ►-* t o CO

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w © © *-•to o», ^
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►OOWCJ'O © © to©^.rf».©ap-‘ ©co»-*©©©©©y»i^^i©coyi

l l

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CO
© X *- ©*■* WtO®COiU*-tO©©WtOW©W©^<J®COi*.tO©tO*OMbO
H©®M ®©»©Xfli*OHO|vJ©HCOHH®Cl'W *®©(»OOlH®

n

M

c*

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£
© *

*-©©®W*J©^|©*.WtO©W©®COi*®tOW*-©©CO©«JCW©CO
<i®cc©©co-o»-©-oi.i©K1©i*'C*i^®***qco©©®®©©to©uuo

53

^
©
CO
M
to*-toi*
tO tOI* CO; tOWWM’-O©©© *.tOM*. ® tOCOO® • MM* tOM
mkox —' j : t3M ®*»^tc®otototow©*-*-CD^*-: wto! ©CO®
©*o*-w©- o*c*©a©«4~ito®©U'*«'©x®©c*tO' ©<*• *otc©
f
j
*»©©»MC* JO M©©©^«4t0;-0
eH©tfl*M«J; © © *M^|60t3©©W® ^ © © © © t o o 'o x 'l- * .© ^
*-MtO o © * .. ®©©tO©i*tO'-J©©®W*'©W*--J®>-'* MtOf-tO

® c o to --* -® ; u > o » 'i* M H a © a w jH » j ® t 5 « - i o 3 i 5 i ;M © M H

* This year's figures estimated.

Theabove totals show that the interior stocks have decrease d
during the week 28,150 bales and are now 59,599 bales less
than at same period last year. The receipts at all the towi s
have been 6,414 bale* more than same week last year and sirue
Sept. 1 they are 836,138 bales more than f( r same time in 1896-6.

74
74
74

Receipts at the Ports. St’k at Interior Towns. Rec'ptsfrom Plant'ns.
Bndino—
Meh. 12......
“ 19......
“ 29......
Apr. 2......
“
9......
** 10......

1897.

1896.

79.931
05.159
01,032
61.237
46,039
48.795

71,518 132.381 323,319 302,034 352,970
09,400 123,133 301,139 334,183 341,836
70,237 115,470 270,594 310,494 323,932
00,202 110,707 259 050 293,9.-2 275,910
57,907 93,523 232,170 280,927 217,849
4O.OT0 80.017 204.020 203,009 212.77?

1895.

1897.

1890.

1895.

1897.

1890.

53,123
43,279
38,487
36.093
19,759
20,045

49,884 97,497
41,009 113,993
58,548 94,500
37,000 03,751
44,912 05,458
22.758 45.541

1895.

The above statement shows: 1.—That the total receipts
from the plantations since Sept. 1,1896, are 6,488,974 bales; in
1895-96 were 5,151,866 bales; in 1894-95 were 7,673,363 bales.
2.—That although the receipts at the outports the past week
were 48,995 bales, the actual movement from plantations was
only 20,645 bales, the balance being taken from the stocks at
the interior towns. Last year the receipts from the plantations
tor the week were 22,758 bales and for 1895 they were
45,541 bales.
Overland Movement

for the

W eek

and

Since Sept . 1.—

We give below a statement showing the overland movement
foi the week and since September 1. As the returns reach us
by telegraph late Friday night it is impossible to enter so
largely into detail as in our regular monthly report, but all
tne principal matters o f interest are given. This weekly
publication is of course supplementary to the more extended
monthly statements. The results for the week ending Apr. 16
and since Sept. 1 in the last two years are as follows.
1896-97.
A pril 16.

Since
Sept. 1

Week.
Shipped—
Via St. L o u is ............
Via C airo.....................
Via P a rk er.................
Via E vansville...........
Via Louisville.............
Via C incinnati...........
Via other routes, Ao.
Total gross overland .............
Deduct shipments—
Overland to N. Y ., Boston, A c
Between ln teiior tow ns.......... .
Inland, &o., from South.......... .

483,174
250,408
15,777
2,584
127,374
129,489
112,301

8,043
2,800
550
1,570
1,251
893

14,912 1,121,167
1,793
48
120
1,961

Leaving total net overland*.
12,951
* Including m ovem ent by rail to Canada.

1895-96.
Week.
3,776
1,424
171
1,602
1,010
1,585
942

Since
Sept. 1.
483,929
222,061
16,074
1,681
121,957
89,120
81,885

10,510 1,016,707

293,443
4,134
35,266

6,859
87
610

245,404
3,153
43,412,

332,843

7,556

291,969

788,324

2,954

724,738-

The foregoing shows that the week’s net overland movement
this year has been 12,951 bales, against 2,954 bales for the
week in 1896, and that for the season to date the aggregate net
overland exhibits an increase over a year ago of 63,586 bales.
In Bight and Spinners’
Takings.
Reoelpts at ports to Apr. 1 6 ....
Net overland to Apr. 16............
Southern consum ption to Apr. 16

M

# * W tO © * -C O ® » - — COW © i * CO*-to <1 w * .* • © © * • t o © * . © * - * C to © C O * M © © 0 0 © « 0*^1 to © ® © W © © ©JS» « © © * . © ! ► © ©
Vo © « M © X GoV-Vo © © V- to COw i o M ® w V ® t o V ©
® V © M©

TS
za
a

R e c e i p t s f r o m t h e P l a n t a t i o n s .— The following table
indicates the actual movement each week from the plantations.
The figures do not include overland receipts nor Southern
consumption; they are simply a statement of the weekly
movement from the plantations of that part of the crop which
finally reaches the market through the outports.

Total to be deduoted..............
to
M
to:
00M
CO
tOOOM
*M
V m c h » « hco» :
©VoV c* © to CO CO*o to © T - 00© to to
^-jtotorfu-'-ito. c*<t*xx©©©©©cocox©©co©coc;«M *.^i*.
co®*»*-x © © m x © m *.totoac©rf*.©to©©©

F ri.

1896-97.
Week.

Since
Sept. 1.

48,795 6,406,548
12,951 788,324
18,000 655,000

1895-96.
Week.

Since
Sept. 1.

40,076 4,920,957
2,954 724,738
17,000 636,000

T otal m ark eted ........... ............ 79,746 7,849,872 60,030 6,281,695
83,426 *17,318 230,909
interior stooks in e x c e s s ............... ‘ 28,150
Came into sight during w eek.
Total in sight Apr. 1 6 _______
North’n spinners tak'gs to A p r.16
* Decrease during week.

42,712

51,596
7,933,298

6,512,604.

13,892 1,467,794

1,758 1,413,287

It will be seen by the above that there has come into sight'
during the week 51,596 bales, against 42,712 bales for the
same week of 1896, and that the increase in amount in sight
to-night as compared with last year i« 1,420.694 bales.
W e a t h e r R e p o r t s b y T e l e g r a p h .—Reports to us by tel­
egraph this evening from the South denote that the weather
has been more favorable during the week and that planting
is quite general outside of overflowed territory and has

THE

762

CHRONICLE.

tt:; I-- a v *I j.r
--is a rale. It is, however, not so well ad­
vanced as usual at this season o f the year. There have been
x I n -aks iu the lev,.-os along the Mississippi this week,
but tie v have not involved extensive territory. The river
ha. saliva s .mewhat at Memphis and Helena, and a gradual
4, dim* from now on is anticipated at those points, The
danger is now to levees in Louisiana.
Go ,* m, Tr rut The week's weather lias been exeptionaUy favorable for farm operations and cotton planting has
h ■ n r u s h i. Should tine weather continue an increase in
cotton acreage is anticipated. Cool weather has checked
>1 m 1 . otton over Central and Southwest­
ern T< \:is. It has rained on one day o f the week, the raint.iil bring eighty-sown hundredths ‘ of an inch. The thertnonixtor has averaged 02, ranging from 30 to 75.
/'aiVs'w* T t M 3 . — Prospect s are good. Cotton is about all
planted. There has been rain on one day during the week,
i he pr. oipiintloaTeaching forty-two hundredths o f an inch,
The thermometer has ranged from 40 to 79, averaging GO.
Ilantn-uh-. Tara*.—We have had rain on one day during
the week, the rainfall reaching forty-five hundredths of an
inch. Average thermometer 00. highest 80. lowest 40.
Dallas, Texas —Planting is being rushed. Rain has fallen
on
day of the week, to the extent o f forty-five hundredths
of an inch. The thermometer has averaged 62, the highest
being 8 6 and the lowest 39.
San Antonio. Texas. —Cotton planted is doing fairly well.
It has rained heavily on one day of the week, the precipita­
tion reaching one inch and twenty hundredths. The ther­
mometer lias averaged 02, ranging from 39 to 8 6 .
Luting, Texas —W e have had rain on one day during the
w e e k , the rainfall being one inch and two hundredths. The
thermometer has ranged from 43 to 87, averaging 6 8 ,
Co'.uinbia. Texas.—There has been rain on one day o f the
week, the precipitation being seventy-one hundredths of an
inch. Average thermometer 05, highest 85 and lowest 45.
Cuero, Texas.—Rain has fallen on one day of the week, to
the extent of sixty-seven hundredths o f an inch. The ther­
mometer h a s averaged 64, the highest being 88 and the low­
est 41.
Hrenhan, Texas.—Rain has fallen on one day o f the past
week to the extent of fifty hundredths of an inch. The ther­
mometer lias averaged 61, ranging from 40 to 82.
I cat Wi rth, Tex is.—We have had rain on one dav o f the
past week, the rainfall reaching twenty-five hundredths of
an inch.- Average thermometer 60, highest 84 andlowest 34.
iYeithirford, 2exa<.~There h is been rain on one day
during the week, to the extent o f thirty hundredths of an
inch. The thermometer has averaged 5*9, the highest being

[v o i., l x i v .

Savannah, Georgia,—We. have had rain on four days of
the week, the rainfall being one inch and ten hundredths.
Average thermometer 02. highest 76 and lowest 45.
Augusta, Georgia.—Rain has falleu on three days during
the week, the precipitation reaching twenty-seven hun­
dredths o f an inch. The thermometer has averaged 60, the
highest being 78 and the lowest 42.
Charleston, South Carolina.—Rain has fallen on four days
of the week, to the extent of thirty-three hundredths of an
inch. The thermometer has ranged from 50 to 73, averag­
ing 64.
Statehu.rg, South Carolina.—We have had rain on three
days o f the week, the rainfall reaching one inch and sixtvfive hundredths. Average thermometer 61'S, highest 7 7 ,
lowest 43.
Greenwood, South Caro'ina. —Planting o f cotton and corn
has been commenced. Rain has fallen on one day of the
week, to the extent of five hundredths of an inch. The
thermometer has averaged 58. ranging from 49 to 6 8 .
Wilson, North Carolina.—W e have had rain on three days
during the week, the precipitation being one inch and
seventy-seven hundredths. The thermometer has ranged
from 44 to 80, averaging 61.
The following statement we have also received by telegraph,
showing the height o f the rivers at the points named at
3 o’clock April 15. 1897, and April 16, 1896.
Apr. 15, ’9 7 .U p r , 16. '96.
S e » Orleans

A bov e zero
A bove zero
A bov e zero
A bove zero
A bove zero

M e m p h i s ____

N a sh v ille__
S hreveport..
Vicksburg

of
of
of
of
of

Feet
t i-0
29-5
7-3
10*2
37-7

Feet.
13*5
35*6
21*8
23*9
51*9

gau ge.
gau ge.
gau ge.
gauge.
gauge.

A n I m p o r t a n t P o in t i n P a t e n t L a w a n d i t 3 B e a r in g ! o n
M a n u f a c t u r i n g I n d u s t r i e s .— In

m \

our editorial columns to
day, under the above caption, will be found an article by
our special Manchester correspondent.
H i g h W ater in the Mississippi .— Several breaks have been
reported iu the Mississippi levees the past week, the most im ­
portant of which occurred on Monday last at Davis Island,
in Warren County, Mississippi. Thus far there have beeu
practically no crevasses in the Louisiana line of levees and
every effort is being made to guard against overflow by
strengthening any weak spots that develop. A t Halena and
Memphis a decline is reported and a gradual fall from nowon is expected. Relief work is being vigorously prosecuted
by local committees and the General Government,
E xchanges ,— Cue folliw u ig exm -tuges a .ra m u m* ' e
low
A w Ortea is. Louisiana.—It has rained on one day o f the during the w e e k :
week, to the extent of seventy-four hundredths of an inch. •10 pd. to exoh. 4,500 May fo r Aug, •33 pd, to exoh. 100 Deo. for A uk.
28 pd. to exoh. 1,00 J Geo, for M >y. 09 pd. to exeh, 900 Jail. lo r S ep t
The thermometer has averaged 60.
•01 pd. t o sxoh. ZOO .raty for A u k .
07 pd. to exoU. 5 <> O c t for JTuu,
Shreveport, Laui-nann.—-It has rained on three days of the 'IB pd. to exoh, 500 Occ. fo r Sepc. 3 i pd. to exoh. 3 0 } Got fo r May.
week, the precipitation being seven hundredths of an inch, •01 pd. to exoh. 1,000 Oots fo r Os •„ '09 od, to exeh. 3 ) > M iv for July.
■33 pd. to exoh. 1,000 Out f ir May. •37 o l. to ? con. 1,100 Deo, tor Aug.
-ammeter has ranged from 44 to 78. averaging 01.
09 d<1. to sxoh. 7,900 May for Auk. ■to p i, to exoh. 1,100 Nov. fo r Aug.
Columbus, Mississippi.—Rain has fallen on one day of the •28 pd. to exoh . 100 Sept, fo r Aug •4} pd. to eco l. 50 > Ogg fo r A uk .
week, to the extent of sixtv-eight hundredths of an inch.
In d i a C o t t o n M o v e m e n t F r o m a d d P o r t s . —T h e r e c e ip t s
Average thermometer 6 8 . highest 86 and lowest 45.
an d s h ip m e n t s o f c o t t o n a t B o m b a y h a v e b e e n a s f o l l o w s f o r
Lx.'an (. Mississippi. —Telegram not received.
th e w e e k a n d y e a r , b r in g in g t h e fig u r e s d o w n t o A p r il 15.
Vicksburg, Mississippi.—Rain has fallen on two days of
BO M BA V R E C E IP T S \ S'I) SH IP M E N T S FOB KOITB Y K K•
th« week, to the extent of two hundredths of an inch. * The
thermometer has averaged 60, ranging from 45 to 7 7 .
Shipments this week.
Shipment# since Sept. 1.
Receipts.
I.itti. L ick A leans h.—It has rained on four days of the Tear Great Conti­
Conti­
Great
This
Since
Total.
Total.
BriVn. nent,
thf rainfall reaching two hundredths of an inch. The
B ritain nent.
Week. Sept. I .
thermometer has ranged from 42 to 70, averaging 58.
33.000 33.000 20.000 371.000 391.000 52.000 1,081.000
Ur.1,'ha. Arte i s is —ft has rained on five days of the week, 98-7
9>-6
6,000 10.000 56.000 460.000 616.000 90.000 1.567.000
on three of which heavily, the rainfall being three inches 91-3
24.000 36.000
5,000 198.000 201,000 70.000 784,000
21.000 25.000 40.000 462.000 502,000 75.000 1.193.000
;.*,nd seven hundredth*. Light frost on Saturday. The river 93-4
, r" has fallen fifty inches. The overflow is worse than in
According to the foregoing Bombay appears to show
5.7'Arkansas side but not as bad on the Mississippi a decrease compared with last year in the week’s receipts of
;! I;
from tic* Arkansas River down on the west side land 38 000 bale3 and an increase in shipments of 23,000 bales, and
w itry. Average thermometer 53‘7, highest 70 and lowest 39.
Mmioh's Ten ursine —The river is thirty-five and eight- the shipments since Sept, i show a decrease of 12 i,000 bales,
t*ns hs !..-t <>n the gauge and stationary. It is expected that fhe movement at Calcutta, Madras and other India ports for
tn i ■will Iran now on I r a gradual fall. We have had rain the last reported week and since the 1st of September, for tw o
years, has been as follows. “ Other ports” cover Ceylon,
!>v- days of the week to the extent of one inch and Tuticorin, Kurraehee and Coconada.
nui.-ty-eight hiindri-dths. Farm work has been interfered
Shipments f o r the week.
Shipments since Sept. 1.
w,;-,. Lot ton-planting lias begun on hills and in bottoms
“
r“ fr“' ’ £,r ’m overflow. The season is late compared with
Great
Conti­
Great
Total.
tan y.*ar. The thermometer has averaged 50, the highest
Total.
Britain. nent.
Britain. Continent.
I l ’.H

.%1 hr lie Tennessee,—It has rained during the week to the Qalotttti*—
...... 3,000 3,000
1896-97...
5,000
35,000
40,000
mch nmt thirty-six hundredths. The ther­
9,000
1995-98...
2,000
‘2 ,000
40,000
49,000
mometer has averaged 55, ranging from 37 to 73.
<ta.lr.tB 1896-97...
0,000
14,000
20,000
eUMiam, -The weather in the interior has been
......
10,000
1895-98...
7,000
17,000
’ 7 “ ' 7 T; ,lr> I,,,', Pl"'»ting is making good progress in the All Others—
, , 7 v,;rv backward, however, on lowlands. There
2.000
2.000
1896-97...
9,000
55,000
71,000
1,000
3,000
4,000
12.000
■' *" probably be lit* l« or no increase in acreage. We have had
1895-96...
41,000
53,000
rrm on three lays of the week, the rainfall reaching one
Total all—
meh and thirty-four hundredths. The thermomete? has
1890-97...
......
5,000
5,000
30,000
10 4,000
131,000
range I fr mi 17 to 76. averaging 62.
1,000
5.000
1695-96...
6,000
31,000
88,000
119,000
M nlgxn nj
\iiht,n , -There was rain on three days in
EXPORTS TO EUROPE FROM A
N D Ia
th ■•rrlv part of th ■w ■A*, the rainfall b -in? one inch and
1806-97.
s - . - i f v i v . ii i i ir •I: h,. h.i* sine • th m tdL weather his
1895-96
1894-95.
Shipments
b - n piev>! at givm ? th? farmsrj n??le:l oppwtunity to
o all Europe
This
Since
This
S lo w e s t « .
’
6h9rm>,uet»r « * highest
Martinm f V i t i —It has ruined on two davs of the week
-■ «tv- - h mdre Iths of an inch.’
' ,n0:n ’t‘ r has averaged 66 , ranging from 42 to 81.

from —

week.

Sept. 1.

week.

Sin
Sept.

This
'week.

Since
Sept. 1.

AU' other ports

33,000
5,000

391.000
134.000

10,000
0,000

516.000
119.000

26,000
1,000

201.000
, .98,000

38,000

525,000

16,000

635,000

30,000

299,000

Total

THE CHRONICLE

A p r il 17, 1897. t;

763

The foregoing shows that there has been exported from the
A l e x a n d r i a R e c e i p t s a n d S h i p m e n t s .— Through arrange
merits we have made with Messrs. Davies, Benachi Sc Co., o f United Kingdom during the six months 621,855,000 lbs.
Liverpool and Alexandria, we now receive a weekly cable o f of manufactured cotton, against 648,561,000 lbs. last year, or
the movements of cotton at Alexandria, Egypt. The following a dejrease of 26,706,000 lbs.
A further matter of interest is the destination of these
are the receipts and shipments for the past week and for the
corresponding week of the previous tw o years.______________ exports, and we have therefore prepared the following
statements, showing the amounts taken by the principal
A lexandria, Egypt,
1894-95.
countries during March and since October 1 in each of the
1895-96.
1896-97.
A pril 14.
last three years:
Receipts (cantars*)___
This w eek....... . . . . . .
Binoe Sept. 1 ..............

65,000
5,556,000

26,000
5,151,000

17,000
4,496,000

Since
This | 8itice ! This
week, \8ept. 1.1 week. Sept. 1.
E xports (bales)—
To L iv e r p o o l___ . . . .
To C ontinen t!.........

4.0001295,000'
9,000 297,000

This
Since
week. Sept. 1.

3.000 301.000 3,000 238.000
4.000 271.000 ! 4,000 287.000

T otal E u rop e......... 13,000 592,000 7,000 572,000 [ 7,000 525,000
' A oantar is 98 pounds.
f Of w hich to America In 1396*97, 42,633 bales; in 1895-9 6,5 1,25 6
bales; in 1894-95, 37,620 bales.

This statement shows that the receipts for the week endin g
April 14 were 61,000 cantars and the shipments to all Europe
13,000 bales.
Manchester M arket.—Our report received by cable
to-night from Manchester states mat the market is steadv
for both yarns and snirtings-. Msnufa turers are working at
a loss.
give the prices f r to-Jay b ;lo v and leave tnose
for previous weeks of this and last year for comparison.
1896.

1897.

{EXPORTS OP

PIECE GOODS AND YARNS TO PRINCIPAL COUNTRIES IN
MARCH AND FROM OCTOBER 1 TO MARCH 31.

March.

Piece Goods—Yards.
(000s omitted.)
Sast Indies ..........................
Turkey, Egypt and Africa...
China and Japan...................
Europe ^except Turkey).......
South America.....................
North America ....................
All other countries...............

1897.

1896.

170,531
81,016
56.388
81,520
38,389
22,235
36,296

190,779
55,025
00,323
30,434
47,990
fco.lwl
32,202

Oct. 1 to March 31.
1895_ 1890 97. 1895-93. 1894-95.
160.193 1.041.609 1,018,325
72,702 423,880 330,718
53,833 290,628 388,531
20,143 150,452 157,291
41,149 243.9 70 352.064
30.255 145,164 169.620
30,750 192,420 187,228

1,223,782
426,540
225,564
134,545
288,535
173,424
173,849

Total yards...................... 434.381 441,944 415,025 2,494,123 2,604.380 2,649,239
Total v a lu e .................... £4.258 £4.385 £3,850 £24,559 £25,342 £24,189
Yarns—Lbs.
(000s omitted.)
Holland.................................
3,076 2,851 3,020
18,249
16,921
18,233
Germany................................ 4,007 4,184 4,170
24,112
22,987
21,928
0th. Europe (except Turkey) 4.143 4,463 4.432
22,402 25,395
26.965
East Indies............................
3,718 4.615 4,235
21,18 ) 22,580 25,987
China and Japan............. .....
3,130 2.492 2,797
13,050 16,50)
12,507
2,919 1,796 2.605
Turxey and Egypt................
14,078
9.331
14,053
All otuer countries...............
1,506 1.391 1,48?
9,284
8,040
9,166
Total lbs........................... 22,558 21,792 22,741
Total valup......................
1898 £-76
£797

120,226
£4.924

122,8-7
*4,925

129,963
£4,724

D o m e s t ic E x p o r t s o p C o t t o n M a n u f a c t u r e s . —We give
below a statement showing the exports of domestic cotton
manufactures for February and for the tight months ended
Feb. 28, 1897, and for purposes o f comparison like figures for
d.
d.
d.
d.
s. d.
s. d.
the corresponding periods of the previous year are also
3 i5 lt- 67,8 0 7 % 4 4 ^ 6 8
4%
6** 3-738 4 4*236 8*2 41333 presented:
4

d.
8H
0£>i«
638
638
66,8
638

d.
0 7 3 .,
®73ia
®73ia
073,8
073,8
^71*

§
*3
-©

Mil 12
“ 19
44 26
Apr. 2
“ 9
14 16

00

OotCn
8% lbs. Shirt- OotCn
32s Cop. ings, common Mid. 32s Cop. ings, common Mid.
Twist.
Twist.
to finest.
TJplds
to finest.
TTpldi
e.
4
4
4
4
4
4

d- s.
o^ae
0*fl96
0*a®6
O L06
0 06
0 «6

d.
7
7
7
7
7
7

33132 6*3 3 7 % 4
4
6*3 ®738 4
4*32 6»s 3»73s 4
418 6*3 3-738 4

4*236
4*2®6
4*236
4*236

8*2 43a
8*2 4*3i 2
8*2 i ' sj ,
8*2 43a

M o v e m e n t . — We

have received th is
(Friday) evening by telegraph from the various ports t h e
details of the Sea Island cotton movement for the w e e k . The
receipts for the w e e k ending to-night (April 161 and sin ce
Sept. 1, 1896, the stocks to-night, and the same items for the
corresponding periods of 1895-96. are as follows.
S e a I s l a n d C otton

1896-97.
Receipts to A pril 16.

1895-96.

Stock

This | Since
This
Since
week, j Sept. 1. week. Sept. 1. 1897.

Savannah .........................
Charleston, <kc.................
Florida, A o........................
Total.............................

120| 82,544
3; 10,370
20
6,716
143

99,630

73
13
....

86

18? 6.

74,027 12,219 5,820
10.40S 2,016 1,869
4,783 2,970 2,175
89,218 17,235

y,864

The exports for the week "nding this evening reach a
total of 1,596 bales of which 1,125 bales were to Great Britain,
71 to France anl 40J to Reval, and the amount forwarded io
Northern mills has been 211 bales. Below are the exports
for the weak and since September 1 in 1896-97 and 1895-96.
Exports
from —
S’vann’ h, Ac
Oharl’t’ n.Ao
Florida, Ao.
N ew Y ork ..
B o sto n ........
Phi la., A c ...

Week Ending A pr. 16. Since* Sept. 1, 1896

North'n Mi s

Great Fr'nce
Great Fr'nce
Total. BriCn
Total.
Ac.
BriCn.
Ac.

Sine
Week. SeptA

.........
“ l5 0
370
605

........
"471

15,028
‘2,933
"6 2 1 10,158
370 10,424
605 3,033

3,076 18,104
2,933
.........
6,260 16,418
10,424
102 3,135

186 25,712
o 1,925
20 6,716
.........
.........

T eta l........

1,125

471

1.596 41,576

9,433 .51,014

211 34,353

Total 1895-6

100

125

225 36.743

6.323 43,066

2036.673

Quotations April 16 at savannah, tor JilonUas, common,
8c.; medium fine, 10c.; choice, 13}£c.
Charleston. Carolinas. medium tine, 17@17^£c.; fine, 18c ;
fully fine, 19@20c ; extra fine, 2S@33c.
E x p o r t s o p C o t t o n G o o d s p r o m G r e a t B r i t a i n . — B e lo v

ton (colored and uncolored)
exported to—
United Kingdom...................yards
Germany .................. ............
France....................................
)ther countries In Europe....
British North America.........
dexioo...................................
Central American States and
British Honduras...............
Cuba.......................................
Puerto Rico...........................
Santo Domingo......................
Other West Indies................
argentine Republlo...............
Brazil
.............................
United States of Colombia...
Other countries In 8. America
China......................................
Brit. Posses’ns In Australasia
British East Indies...............
)ther countries in Asia and
Oceanlca..............................
Africa.....................................
)ther oountrles......................
Total yards of above..
Total values of above.
Falue per yard.................
Cotton exported to—
United Kingdom..................
Germany ..............................
France................ ................
Other countries In Europe...
British North America........
M exico....... ................. ................
Central American States A British
Honduras...........................
Cuba....................................
Puerto Rico..........................
Santo Domingo....................
Other West Indies..............
Argentine Republic.............
Brazil................. ...................
United 8tates of Colombia............
Other countries in So. America....
China.............................................
British Australasia........................
8rltlsh East indies.......................
Ither countries In Asia and
Oceanlca........... ...........................
Afnoa............................. ..............
Hbor oountrles.............................
Total value of other manufao
•nrei o f....................................

Month ending Feb. 28. 8 mos. ending Feb. 28.
1897.

1890.

1896-97.

094,705
54,888

1895-1

083,225
31,354
2,30(
42.450
1,060.975
513,795

37,858
4,0)0,728
584,508

4,494.498
1,876,660
111,950
920,168
9.424,484
4,224,189

523,062
32,133
40,98'J
88,350
1,10.5,292
109,76(1
338,220
334.713
2,424,613
10,301.823
85,312
68.L01

796.0S7
3,700
80.805
154,694
642,443
163,254
651,709
689,005
882,685
6,530,960
15,752
210,2.0

8,118,713
136,828
352,525
1,473,101
9,760.007
2,314,304
8,948.185
4,898,509
19.059,238
33,272,985
571,673
2,023,196

1,720,445
701,930

432,885
834,983

3,424,521
7,560,735
4,575,994

20,2J6,471 17,308.455 202,901,181 1?2,542,519
$1,082,834 $1,076,449 $11,007,518 $7,758,051
$•0013
$0672
$0534
$ 0585
$48,840
17.695
1,001
863
13*5,504
19,494

$31,812
5,001
1.611
•4.111
124,018
2«,348

$287,146
99.196
6,102
32,6^3
821,4141
232,974'

$241,503
131,375
13.809
28,640
1,184,119
220,129

15,365
1,503
012
3,0.48
8.001
4.2o8
3.273
2.842
0 366
301
11,771
28

21,078
660
023
1,47»
4,708
881
1,907
2.030
22 2
11.305
7,341
60b

160,404!
34,.63dj
3,7121
21,038
01,165
48,872
47,387
35.H99
38 430
7,735
111,189
3,281

131,732
26,287
4,401
8,849
56,438
27,139
49,388
19 614
35,297
64,724
74.838
3,085

22,777
4,467

14,296
5,034
225

255.615
39.32N
7,000

173,380
37,874
8,554

$304,286

$209,722 $2,355,035 $2,536,025

we give the exports of cotton yam , goods, <fec., from Grest Aggregate value of all cotton goods $1,380,020 $1,313,171
Britain for the month of March and since O c t o b e r 1 ip
1896-97 and 1895-96, as compiled by us from the British Board
Jute B utts, B agging. & c. —The market for jute bagging
o f Trade returns. It will be noticed that we have reduced has been a little steadier during the week under review. Tne
the mov«mpnt all to nonn^n
demand has been only moderate, but prices have been well
maintained at 5}^c. for 1% lbs , 5%c. for 3 lbs. and 6}^ j. for
Farn&Thread
Total of AU.
doth.
standard grades Car load lots of s.a idard brands are quoted
000* omitted.
at 5*£c. for
lbs., 5j^c. for 3 lbs. and 6%o. for
lbs., f.o.b.
180e-9? 1893-90 1896-97 1895-96 1896-97 895-96 1896-07 189E-96
at New York. Jute butts continue quiet at l'05o. for piper
Lbt.
Lbt.
Pdj.
Lb*
Lbt
Yd»
Lbt.
Lbt.
quality, 1 31c. for mixing an l
for bagging, all to arrive.
Ootober. ... 23.469 24.878 419,049 442.847
November... 21,514 23.764 397,483 418.837
December... 22,20- 19.747 431,839 4-19 363
Tot.lit quar 67,191 68.389 1,218.371 L271.C47
January...... 21,’ 81 22,69*' 447.452 437,480
February__ 19,0 9 21.421 363.910 453,009
March......... 24,839 23,94*' 434,341 441,914

103,21?
97,182
101.410

110.169
104,431
98,589

A gricultural Department R eport on Cotton Move M8NT.— rhe Agricultural D -partment issued on April 1C a re­

437,649 244,800 804 810

313.189

port on the marketing of co ton as follows:

79,774 85,291
75.008 8 ,607
82.208 78,442

Tot. 3d quar. 65,959 68,066 1.244.752 1,332,433 337.2-W 253,052
Total 6 mos. 133.15) 136.465 >.*93.123 4.603 180 174.935 498,152
•Stockings and socks
Sundry articles ......
Total export* nf cotton manufactures......

The statements furnished the Department of Agriculture b v all the
railway and water transportation oim panles allow tin t from Sept 1,
1896, to Feb. 1. 18*17, the total actual m ovem ent o f c >tr,on from the
Btatea o f production to ports, Nortnern and Western mills. Canada,
803.245 321,718 Mexieo, and all otber destinations, amounted to 6,517,126 commercial
bales; reports from the ollloials o f tin mills show actual purchases
609,085 634.907 during the game period amounting to 559,367 bales; tbo department's
township and proolnot aarents show that on Feb 1. 1897, there r e ­
621 mained on plantations 362,268 tial as. In warehouse. "'O 1,727 b ilea, at
521
13,030 publio gins 161,569 bales, at com presses 211,314 bales and at depots
13.249
aod yards 139,421 bales; total, 1,494.321 bales, n ot i i o l n ' " " ’* stooks
621.855 648,501 held at ports. The crop hy States is as follows:

86,220 88,282 10 '.410
09.318 89,233 89.257
82 73» 84,132 107 578

105.978
107.659
108,081

THE CHROMCLE

r6 4

■ftetpemm#•*>l
VtmltBA.*.* . . . . . . 273,714
. . . . . . 583.493
Spalls. C
tgkjmfjft*i_
. . . 924,639
****»♦*#»
. .... ........
43,445
ta. , . 7
. . 6 U . 707

Buies.
S3,040
59,581
177,533
8,343
157,729
198,307
107,706
544,615
12 .,637
54,567
1 4,463
1,102
1,6 U
859

[V o l ,

LXIV,

Cotton freights at New York the past week have been
as follows.

l*Mmill**
ha lts. 112,330
202.213
134,720

Salur.

Mon.

Tiles.

Weilnes. Thurs.

FYL

U verpool.aaked. d. IT'S!
20 f
20 !
201
17ist
I
*
............ d.
Do
....
....
....
-* » *
....
43.975
H avre.................. c.
301*
301*
30! *
30(*
301*
8,929
{
n i . . . . . . ___
Do ................... e.
449.711
....
....
....
4,699
..............................1,823,140
l
Bremen............... d.
25t
25!
25
!
25
!
25!
■its
.................. - 491.783
Do
....
*
....
19,105
...............
168,009
Ham burg............ d.
63.800
25!
25!
25!
251
Isdiaa *lo fr ito r y ........ .
25!
w
.
.
.
.
.
.
.
.
.
.
.
33,303
Okiaboi
........... d.
Do
....
....
....
....
....
$
21,921
Miemm
sot
30!
30!
A m sterdam .........c.
30!
30 !
?
ViTkflaiia. '*«»,.*»....... .
10,435
»
Beval, v. H amb..d. “ 128
2S12S
“ tS8
2S123
a5128
D o V. Hull-..<1.
38!
38!
s 16
31S
3lfi
8.53-1,870
523,405
To Ui t ........................... 6,517,123 1,494,329
l
T o she above m ill figures should be a 4 d « l for O sorela 610, Louis­ Baroelona........... d.
281
28 >
28!
f
iana 5.917. North Carolina 571 and to Texas 2,727 bales, taken Ironi G e n o a ......... ....... d. 283291 282529*
{
i-ort* and otherwise oouoted In the railway movement, the Kentucky, Trieste................. d.
35!
35!
35*
35!
35!
1
Missouri and Virginia figures befog also Included hi tho railway m ove­ A ntw erp— ____ d.
*8
19
8« i
®et
ment.
t
[
“ si
US4
Tlie mill purchases by States are a > follow s: Alabama. 43,975; A r­ G hent,v.Antw ’ p.d.
5S3
64S
kansas. 445: Georgia, 134.720; Kentucky. 11,142; Louisiana, 5.917;
1 Gents net per 100 lbs.
* A n d 5 per cent.
Ms«-t-«lppi. 8.92S: Missouri, 1,384; North Carolina, 112.330; South
L i v e r p o o l .— B y c a b le f r o m L iv e r p o o l w e h a v e t h e f o l l o w i n g
Carolina, 209,313; Tennessee, 16,105; Texas. 4.099, and Virginia, 17,509; total. 559,367, as com pared with 598,696 bales, revised figures, s t a t e m e n t o f t h e w e e k ’s s a le s , s t o c k s , &o., a t t h a t p o r t .
same period last year.
No deduction bias been made o f cotton on plantations and at Interior
.IfeA 26. A pr. 2.
A p r. 9.
point* 8 ept 1,1896.
Tin above figures are subject to revlslou la the Departm ent’s final
Sales o f the w e e k ...........bales.
report.
48.000
59.000
55.000
61,000
1,000
O f which exporters to o k —
1,200
1,000
1,000
Of whioh speculators took ..
600
1,000
1,008
1,100
S h i p p i n g N e w s .— 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
Sales A m erican..........................
44.000
55.000
52.000
54.000
S ta te s t h e p a s t w e e k , a s p e r la te s t m a il r e tu r n s , h a v e r e a c h e d Aotual e x p ort............................
8,000
6,000
6,000
8,000
68.000
63.000
66.000
59.000
72.661 b a les. S o f a r as t h e S o u t h e r n p o r t s a r e c o n c e r n e d th e se F orw arded..................................
Total stock—E stim ated.......... 1.349.000 1,281,000 1.273.000 1.258.000
Of which A m erican—Bstim ’d 1.184.000 1,147,000 1.134.000 1.111.000
a re t h e s a m e e x p o r t s r e p o r t e d b y t e le g r a p h a n d p u b lis h e d in
Total Im port o f the w eek ........
69.000
44.000
52.000
66,000
t h e C h r o n i c l e la s t F r id a y . W i t h r e g a r d t o N e w Y o r k w e
O f w hich A m erican...............
3 0,000
49.000
31.000
61.000
A
m
ount
afloat............................
101,000
101,000
94.000
78.000
in c lu d e t h e m a n ife s ts o f a l l v e sse ls o le a r e d u p t o T h u rsd a y .
O f which A m erican ...............
90,000
90.000
65.000
89.000
Total balesT h e t o n e o f t h e L iv e r p o o l m a r k e t f o r s p o t s a n d fu t u r e s e a c h
N ew Y o rk —T o Liverpool, p er steamer Tautio, 157................. .
157
To Hull, per steamer Francisco, 1,211 upland and 400 8 ea
d a y o f t h e w e e k e n d in g A p r il 16 a n d t h e d a ily c lo s in g p r ic e s
1,611 o f s p o t c o t t o n , h a v e b e e n a s f o l l o w s .
I-lftnd '.............................................................. . . . , .................
To Manchester, p er steamers Bahama, 55 80a Island . . .
Kl».\man, 155 upland and 85 8ea I s la n d ............ ................
305
To Havre, per steamer La Bretagne, 750 upland and 71
Spot.
Saturday Monday. Tuesday. Wed’day. Thursd'y. F r id a y .
St i Isla n d ...................
821
To Bremen, p er steamer W illabad, 1,174, ..............................
1,174
Good
Market,
)
Pair
Steady. Harden’s:. Firm.
business
To Hamburg, per steamer Pennsylvania, 325 ......................
325 1:45 P. M. ( demand.
doing.
To A ntw erp, per are .inter Friesland. 830.................................
830
T o G enoa, per steamers Alsatla, 92 3___Athens, 1,635
4%
4 110
41)6
4 333
4 3as
Etna, 1,268.................................................................................... 3,826 Mld.Upl’ds.
T o Naples, per steamers Alsatla, 3 3
Ems. 200 ................
233
15,000
12,000
12,000
12,000
8,000
To Trieste, per steamer De Bay, 1 5 1 ................................... ..
151 Spec. & exp.
500
1.000
500
500
500
N e w O R L ta ss-T o Liverpool, per steamers Holbein, 2,124___
Me vican, 4 ,347....N a vigator, 2.800......
9,271
Futures.
T o Brem en,per steamers*. A frica,5,3 iO...Ni>.tlrerll“ld ,6,595 11,895
at Quiet at Steady at
Steady at
Market, i Steady
To 1 opi-uiiageii, per steamers Lovatakken, 678......................
678
partially I -04 de­
Steady
partially
1-04 ad­
To .-t. !Vt, r-bura, per ship Deveron. 4,110............................. 4,116 1:45 P. M.$ 1-64 adv.
1-64 adv.
cline.
vance.
To Trieste, p er steamer A qulleja, 5,3 00........ ......................
5,300
To Venice, per steamer Atpiile)*., 1.600 ................. ...............
1,800
and Barely
Market, \ Steady.
Quiet.
Steady. Quiet
0 A 4 »**T 0 »—n Manchester, per steam r Sirona, 6,644 ....... .
6,614
steadysteady.
4 p, m . 5
To Hamburg. per steamer Furonla. 75 3...................................
753
■
Cruz, per stcau-er Oto, 3, 0 ......................
300
The prices o f futures at Liverpool for each day are given
•■
I’ll liaicolo
ji, J
,1111,-1 Kp-nek, 6,3 78...............
6,378
C tU H utsTns- To St. Petersburg, per bark Eutliln.......................
3,700 below. Prices are on the basis of Uplands, Low Middling
•■■■■ - ■ •-; 1. 1,-iuo............................. . . 1,600 clause, unless otherwise stated,
To Bremen, per atcainer W illiam Branfoot, 6,560 6,560
p ifr The prices are given in pen ce and 6 4 th.
T h u s: 3 63 m eans
505
Not r,,LR - ro Liverpool, per steamer Lambert's Point, 505___
steamer Pisa, S i n ..........................................
500 3 63-64(1. an d 4 01 means 4 l-6 4 d .
Boat on - t 1 Liverpool, per steamers Kansas, 695 upland and
nod SO Sea Island ...P a v o n ia , 1,088 upland and 117 Sea.
illo if.
S a tu r.
T ile s .
W ed. T h u rs.
F r l.
Isla n d ..... ............................................................................... .
1,930
A p ril 10 to
B altim ore —To L iverpool, per steamer 8t.„|geiuor«,790 upland
1 1:45 4 1:45 4 1:45 j 4 1:45 4
12
>
9
A
p
ril
16.
and 197 Sea Island ...................................................................
996
P. M. P. M. P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M.
PitliADELPUIA— To Liverpool, per steamer Waesland, 232........
252
d
d.
d.
d.
d . ! d.
d.
d.
d.
d.
T o t a l ..— ......... ................................. .......................................... 72,661
•
A p r i l . . . . . . . 4 00 4 01 4 00 4 00 4 01 4 00 4 02 4 03 4 03 1 01
3
63,4
00
1
0
0
1
0
0
April-May
..
4
00
4.00
3
63
4
0114
02,4
02
T h e p a r tic u la r s o f t h e s e s h ip m e n t s , a r r a n g e d in o u r u s u a l
M ay-June.. 3 63 4 00 3 63 3 62 3 03 3 63 4 0114 01 4 01 4 00
f o r m , a r e a s fo l l o w s .
June-July.. 3 63 3 63 3 62 3 62,3 63 3 63 4 00 4 01 4 0! 3 63
Other
Bremen Other
Ju ly.-A ug.. 3 62 3 03 3 62 3 6113 6213 62 1 00 4 00 4 00 3 62
©
Liver- United
<t dam- North South
A ug.-8ept.. 3 60 3 61 3 60 3 59 3 00 3 60 3 61 3 01 3 61 3 00
txj
pool. Kingd Havre, bury Barn,
rope. Europe. Mexico. Tola
Sept,-O ot... 3 55 3 55 3 54 3 53 3 54 3 54 3 55|3 56 3 50 3 54
S ew Y ork.
157 1,010
821 1,199
830 1,260 .........
9,483 O ot.-tiov.-. 3 49 3 49 3 48 3 47 3 4,8 3 48 3 49 3 50|3 50 3 48
N. Orleans. 0,271 ...................... 11,895
4,791 7,100 ......... 33,060 Nov.-Deo... 3 47 3 47 3 45 3 4 4 3 45 3 45 3 46 3 47[3 47 3 4ft
<
Galveston.. ......... 6,044 .........
753
7,397 D eo.-Jan... 3 46 3 47 3 15 3 41 3 45 3 45 3 46 3 46 3 47 3 45
Pensacola.,
300
300 fa n .-F eb ... 3 46 3 47 3 45 3 44 3 45 3 45 3 46 3 46 3 47 3 45
«
Havannan..
6,378
6,378
•
’
:
5,300
5,300
W llm lngfn
6,560
6,560
N o r fo lk ....
505
509
1,005
Boston,—.., 1,930
1,930
B R E A D S T U F F S .
Baltimore..
906
916
Fhiiadel'*..
252
252
F riday , April 16, 1897.

|

T o t a l..— 13,111

8,560

821 21,207 10.924 17,738

300

72,661

Below we add the clearances this week of vessels carrying
cotton from United State* ports, bringing our data down to
the latest dates;
N*W O klzan **- T o L iverp ool-A p ril 13 -S tea m er Costa Rican, 2,600
. . . April 14—8 teamer lo r r Head, 8,573.
To Antwerp—Apt]) 13—‘Reamer Oastlllao Prince, 2,600.
TO M. !V !-r «!in t* -A p r il n-H blpS tt-a, 3.741,
To P « .
Anrlt 13—Steamer* Barcelona. 3.2<H>.
Gem a - April 13~St*am er» c it t s rtl Messina, 959; Tuscan
I n

f A.fitii),

MomteM—To Bremen—April 10—steam er Specialist, 6,878.
Ba v a ^^ ati- 1 o Brenmn - April 14—S^aroer Gleam 71*rea, 4,723.
HaoiffWigK— r o 81, Bfctemlmrsf—April 15—Steamer Crown, 2,050.
« w w - l o U r « n o u l-A p ril 7—steam er Victorian, 140 ...A p r il 8 |tcamcr 8yl vanla. ns upland and 320 Sea t aland
April 1 2 dtentccr Sachetfi, 80S,
To Hail—April *o—Bt*-ara«-r Ohio. ^19,
B altim ork - To Liverpool—April 8—Steamer Roaemore, 676 upland
ana *h 5 8 m I*ian*1.
To Breman—April JO Steamer Aachen, 1,271.
FA AM cm io - f t , J » pan - April 12 -S team er City o f Rio do Janeiro.
300.
T acom v—To Japan—A pril 3—Steamer Brimmer, 50,
SSaTTLE -T o J s p s n -A p r il 12 - 8 learner Bakura M am , 2,150,

There has been a decided improvement in the market for
wheat flour. The horn * trade has been a fairly large buyer
of the trade brand-) and has paid an advance of 10 to ISo. per
bbl., in sympathy with the ris“ in the grain values. A t the
close the market was quoted firm, with shippers fair buyers
of the low grades. City mills have bad a fair sale at higher
prices*. Reports received from the Northwest stated that large
sales were made at firm prices. Rye flour has had only a
very limited call, but values have held about steady. The
demand for corn meal has been quiet, but prices have been
fairly firm in sympithy with tbe advance in corn values.
There has been a fair amount of activity to the specu­
lative dealings in the market for wheat futures, and
prices have advanced sharply, recovering the greater
part of last week’s decline. Saturday there was a firm
market and on foreign buying, together with the poli­
tical situation in tbe Far East being reported as less
favorable, there developed a demand from shorts to cover
contracts, and prices advanced lj|@13^c, for the day. Them
continued a firm market on Monday. Cable advices were
stronger and were accompanied by buying, orders, stimu-

THE ( HR0N1CLE.

A pril 17, 1897.]

lated, it was stated, by a fear of war in the East, and prices
farther advanced
There was a slightly easier mar­
ket at the opening on Tuesday under realizing sales for local
and Western account. Subsequently, however, the continual
firm foreign advices and foreign buying resulted in an advance,
but toward the close there was renewed selling to reahzs
profits and prices again weakened, closing %'3>%c. lower.
Wednesday the market again opened at a decline, m sym pithy with Western advices. Later in the day, however, a
good foreign demand, both for futures and actual wheat, to­
gether with a renewal of war talk, induced general buying,
and the close was firm, with prices 34@ % c- UP f° r tbe day.
Yesterday there was an active and higher market. Foreign
advices continued strong, and to this was added less favor­
able orop accounts from the West, resulting in an advance of
l% @ l^ c . for the day. In the spot market shippers have
been fair buyers, principally for forward loading, their pur
chases for the week amounting to about 750,000 bushels. At
the close No. 1 Northern was quoted at 81%c. f. o. b. afliar,
and No. 2 hard winter at 76%c. f. o. b. afloat.
DAILY 0 LOSING PBIOB8 O P NO. 2 BBD WIHTBH WHEAT.

Sat.
72*
72
71%
...c . 70%
72*

Mon.
74
73*
73%
715a
74

Tuei.
73
7338
73
71%
73%

TKnrt
75*
75%
7 5 1a
73*
75%

Wed.
74%
73%
71%
737e

P -i.
M
O

DAILY CLOSING PBIOKS OP NO. 2 MIXED COBN

Bat.
A p ril..................................0. 287s
May d elivery ............. „ . o . 287s
July delivery................... o. 3039
September d elivery .......o. 31%

Mon.
29*
29*4
3L*
32*

rw ».
29%
23%
30%
32%

Wed.
29*4
29*
30*
32*

Thurs.
29%
29%
30%
32%

ages having been reduoed to 2, 3 -l , 4'8 and 12-7 by the exceptionally
m ild winter. Deaths from exposure, l'6 per cent for oattle and 3-3 pec
oent for sheep, against 1-1 and 2-1 last year. Present c m dition o f
horses 97'4, o f oattle 96'2, o f sheep 91-2, o f swine 90 -s ; last ve vr's fig ­
ures having been 97-5, 98. 93-5 and 93 3—highs ‘ in every case. The
Impaired condition Is ascribed to the unfavorable winter.

The following comparison for a number of years covers the
condition in the leading States :
CONDITION W IN TE R W H E A T AP RIL 1 .

1897 1896 1895 1894 1893 1892 . 1891 1S90. ’ 89.
56
Ohio.................. ... 83
86
90
71
87
98
87
88
M ichigan........ . . . 85
82
83
74
78
83
93
67
87
Ind ian a............ . . . 65
77
83
90
82
78
99
75
94
I llin o is............. . . . 40
SI
87
87
72
82
75
97
97
.Mis sou ri........ . . . 60
75
76
72
89
8S
96
83
95
72
62
Kansas.............. . . . 80
81
53
77
99
87
96
96
T e x a s .............57
84 100
89
97
74
97
Tennessee........
83
81
83
66
78
98
80
98
67
89
91
Maryland.........
89
86
93
99
95
61
Virginia..........
89
89
87
79
96
98
9&
New Y ork.
............
93
92
99
97
88
92
88
94
Pennsylvania. . . . . 96
64
92
84
87
97
98
99
93
A verage—
Exports

There has been a limited amount of activity to the specu­
lative dealings in the market for Indian corn futures, and
prices have recovered part of last week’s decline, as there
was a demand from shorts to cover contracts, stimulated by
the renewed war talk from the Far East and the sharp up­
ward turn to the wheat market. The close was firm and
prices showed a net advance for the week of % @ lj^c. In
the spot market a limited volume of business has been trans­
acted with shippers here and at outpons, and prices have
advanced. To day the market was moderately active and
firm. Toe sales included No. 2 mixed at 3)% c. delivered and
313^@31J^c. f. o. b. afl >at; also No. 3 mixed at 30c. f. o. b.
afloat.
r«
o
*

Oats for future delivery have continued dull, but there has
been a stronger tone to the market in sympithy with the ad­
vance in other grains and in response to foreign advices and
prices have advanced, closing
un for the we<-k. In the
spot market business has been fairly active as there has been
a moderate demand both from shippers and the home
trade; prices have ruled steady, closing with sales of No. 2
mixed at 22c. in elevator and No. 2 white at 24s. in elevator.
DAILY CLOSING PBI0B8 OP NO. 2 MIXED OATS

765

..8 1 -4

77-1

81-4

86-7

B readstuffs,

of

77-4

812

96*9

P r o v is io n s ,

81

94

C otton

and

P e t r o l e u m . —The exports of these articles during the month
of March, and the nine months, for the past three years
have been as follows:
Export*
from D. S.
Quantities.
Wheat.bush.
Flour...bbls.

1896-07.
March.

1895-96.

9 Months.

2.887,854 67,256,578
1,169,431 12.029.359

Wheat....bu. 8,127,807 121,388,094
0orn...bush. 24,770,690 133,123,877

March.

1894-95.

9 Months.

March.

9 Months•

3,490,913 46,806,065
1,120,310 11,474,433

6,285.848 59,173.353
1,100,810 11,255,195
8,532,308 98,G01,014 11,239,520 109,821,730
9,260,400 76,614,067 2,839,305 14,407,109

Tot. bush.. 32,898,497 254,512.571 17,793,714 175,115,081 14,178,835 124,223,929
Values.
Wh’tA flour.
OornA meal.
Rye.............
Oats* meal.
Barley.........

1
t
7,099.708 95.541,617
7,453,9 32 41,352,446
196,439 2,455,316
674.467 7,251,423
431,130 6,173,794

*
»
6,535,888 71,192,523
3,315,423 29,783,752
133,723
157,801
321,553 1,739,704
273,699 1,939,694

*
t
7,375.340 71,495,81B
1.497.07S 7,959,957
7
5,079
107,880
514,530
43,455
058,233

Br’dstutfs— 15,845,676 152,774,623 10,580,240 104,804,639 9,023,772 90,033,617
Provisions •. 13.6S5.649 119,472.885 12,819,749 120,030,883 13,258,780 123,820,907
Cotton......... 15,677,150 202.345.851 19,021.643 163,345,738 15.271,920 173,240,509
PetroTm.Ac. 4,856,255 40,040,020 4,359,244 45,503,750 3,036,700 31,554,923
Tot. value. 49,064,730 521.233.P8 3 46.780.920 433,744.910 40.591,244 409.250,075
* (ualudlmtouttle and tiogaln all months and years.
N o te .—A ll the a bove figures are based on the m onthly prelim inary
returns issued by the Bureau o f Statistics, and oover about 98 per cent
o f the total exports.

The movement of breadstuffs to market as indicated in the
statements below is furnished to us by the Statistician of the
New York Produce Exohange. The receipts at Western lake
Rye and barley have been in active export demand fo r Gir- and river ports, for the week ending April 10, and since A u ­
many, stimulated by anticipation of an advance in the import gust 1, for each of the last three years have been as follows:
duty, and prices have advanced.
Receipts at— Flour.
Barley.
Corn.
Oats.
Rye.
Whe it.
The following are closing quotations :
Bat.
May d elivery................... o. 2 1 4
July d elivery...................o. 217s

Man. lu e s
21%
214
2 2 4 22

Wed.
21%
22

TKurs
214
22

Pri
H oli'
d ay .'

FLODP.

F in e ..—. . . ...... 0 b b l . $2 1 5 9 2 85 iP atent, w in te r.— . $1 45® 4 70 Chicago......
Superfine..................... 2 2 0 9 2 95 Olty m ills e x tr a s........ 4 80® 4 85 Milwaukee.
■ xtra, N o. 2 ............
2 70® 3 25 R ye flour, su perfin e..
2 25® 2 65 IJaluth......
E xtra, S o . 1 . . . ........
3 25® 3 60 B uokwbeat flo o r ..................... a
_____
Mlnneap’lis
C le a r s......................... 3 40® 4 00 Corn m eal—
S traigh ts.................... 3 85® 4 20 j Western &o............ 1 7 0 ® 1 7 5 T Jtedo.......
Patent, sprin g.......... 3 90® 4 25 i B randyw ine............
1 80
Cleveland ..
[W heat flour in sacks sella at prloes below those fo r barrels.)
Si Louis...
Q B A IN .
Peoria ......
W heat—
0.
0.
Corn, per bush—
c.
0.
Kansas City
8prlng, p er h u sh .. 78 'a 83
West’ n m ix e d ....— 28 a 32
B ed winter No. 2 ..
Nominal.
No. 2 m ixed........... 2 9 * a 31%
Tot.wk.’97
Red w inter.......... 77 a 82
W estern y e llo w ... 80 a 32
Same wk.’90
Northern, No. 1 ... 81 *a> 8 1 *
W estern W hite___ 30 a 32
dame wk.’95
Oate—M ixed, per bu. 20 a 23% R ye—
W hite...................... 21 a 29
Since Aug.1.
Western, per bush. 37 a 42
No. 2 m ix e d ....... . . 22 a 23
State and J e r s e y .. 39 a 43
1896-97. ..
So. 2 w h ite......... — 24 a 25
Bariev—W estern___ 40 a 48
1895-96 ...
F eedin g.___ —. . . . . 33 a 34
1894-95 ...

A gricultural D epartment Report.— The report of the
Department of Agriculture, showing the condition of winter
wheat on April 1, was issued on April 10 as follows:
The report ofl the Departm ent o f Agrtoulture for April 1 makes the
average condition o f winter wheat 81 4, against 99 5 D ecem ber 1, 7 7 ’ l
last April and 8 1 4 at same date la 1895. Leading w inter-wheat
States show averages as follow s: Pennsylvania 96, Ohio 83. Michigan
85, Indiana65. Illinois 40, Missouri 69, Kansas 80, California 99. The
average rye condition was 88%. against 82-9.last year.
The oondltlon o f the soli at time o f seeding was favorable throughout
the country, a few scattered counties reporting It too dry or too wet.
so that by December 1 a orop nearly standard was indicated. The fall­
ing ofl slnoe December, greatest In Illinois, but Btrongly shown In
every neighboring Stats, and making an average o f 18 per cent for the
whole oonntry.ls due to the sharp freezes o f early winter. Snow cov er­
ing was ample In the R joky Mountain States and westward, but e ls e ­
where to the east t t w is scant t. The deflotenoy caused little dam age
along the Atlantio Slope, wbero the w inter was m ild,and the fa vorab le
early indications continue, no Important wheat State show ing a oondlt.on nnder 95.
The condition o f winter wheat Is reported below average In Great
Britain, Franne and Holland, beoause of excessive ralus hut favorable
In Central and Eastern Europe. In Southern Rassla there have been
extensive re-sowings, hut the wet weather has so delayed Held work in
western Europe that the spring-wheat a-ea will be greatly out dow n,
the shortage In France alone being 750,900 aorss.
Of horses 2*1 per cent are reported as having died from dhoase dur­
ing the year, while the losses o f oattle were 3-5 per cent o f sheep from
all causes 5 5 per cent and of swine 14 4 per oent: last year’s percent­

Bbls.lQQIbs Bush.VO lbs Bush.bS lbs Bush.32lb8 Bush. 48 lbs Bush.56 lbs
4-5,177
30,574
814,737 1,321,294
23,940
180,650
7,800
133,000
34.500
105,950
15,000
100,000
14,100
1,308
7,425
68 *.505
25,653
8,915
2.707
740,840
13,230
89,020
1.220
53,011
237.065
8,000
2,596
23,503
2.000
15,418
18,005
0,809
23,089
3 784
3,273
15,927
19.790
165,000
63,355
355 910
4.500
9,830
7,200
9,000
291,500
130,850
15,400
1,800
62,000
109,500
41,000
.........
132,078 1,602,580 1,926,212 1,943,444
333,005
02,087
147,505 1,911,186 1,385,714 1,703,288
400,325
52,173
745,817 1,431,134
153,497 1,125,093
216,702
26,797
8,170,712 132,401,581 117.875.463 127,039,095 34,027,760
8,191,864 109,010,570 90,390,329 107,331,014 34,132.102
8.701,782 124.530.872 58.619,449 00,012,457 29,688 541

0,097,009
3,152,803
2,103,558-

The receipts o f flour and griin at the seaboard ports for the
week ended April 10, 1897, follow:
Oats,
bush.
447.000
1OM02
30.961
21.150
39,070
3,756
100.305
20,000

Hour,
Receipts at—
bbls.
New York............. 110,261
Boston ................... 27,63)
Montreal.................
9.9»'0
57,599
Philadelphia..........
47,025
Richmond .............
2,731
New Orleans*......... 13,958
Norfolk & N. News .
6,844
Galveston .............
Portland, Me ......... 14,883
St. John, N .B ......... 17,000

fVhett,
Oorn,
bush.
bush.
179,450
158,925
27.554 415,58L
4,032
050
8,286 904,499
20,243 1,233.599
9.232
9,300
3.450 442.033
72,857 357.142
40,360
..........
47.912
59.330
03,932
..........

Total week ...... a08,073
Week 1890.............. 247,391

443.593 3.621.504
929,000
170,540 1,092,990 1,238,253

Barley,
bush.
159,000
900
5,575
10,400

Rye,
bush.
33,150
210

178.775
258.140

53,180
17.410

19,254
536

53,494
108,258

•Receipts do not include (train passing through New Orleans for foreign
ports on through bills of lading.

Total receipts at ports from Jan. lto April 10 compare as
follows for four years :
I'Mtpts o f Flour................. bbls

1897.
4.884.288

1898.
8,079,790

1895.
4,195.977

1894.
4,975,888

Wheat ............bush.
C om ................. ••
Oats................. *•
Barley.............. “
Rye................... "

5,818.210
84,990,056
16.843,221
2,78 <,287
1,429,212

3,477.893
19,245,328
11.350,742
2.039,219
305.US8

4,878,201
7,811.924
8,403,816
1,159.913
103,293

3,328,802
18,518.587
8,558,020
1,421,547
77,670

Total grain.......... 00,078,688 -

38.585,173

21,857,153

31 938,42 6-

TH E

766

CHRONICLE.

T h e ex p o rt- fr o m th e severa l sea b oa rd p o rts fo r th e w eek
i, 1S07, a r e s h o w n i n t h e a n n e x e d s t a t e m e n t :
«B d iD £ A p ril
Martov*
Pm*,
QW*
ttQUT,
bunk,
bmh.
bbla,
■
%mk.
MW»rt*
70,444
8,612
m M s sa^too
0U »
M0 0 f m
514
ton
8,331
63,4/4
l
II.Oil

4J.$L>7
437

Few «
**orfc
Wm
gL Jy

'»T.IU

34,385

82,a n

**¥,611
U.C0O 103,251

12,7*27
70,411
83 431
68 3,^ m i 103,011 7 3 > ,l« l
12,110
241,175 210,243
11,527
ft* X*«
Baa
T h e destination of these e x p o r t s f o r t h e w e e k a n d s in c e
September 1, 1896, is a s b e lo w .
— mWhmte— •-> —----- —Com.-------\Wrnk sinee Smt
m.tk. Sina <-nt.
Sin:* tirpt-.
K t f f l t tor
~ r«sApr. 10.
1,1890,
A p r. 10.
1,1805.
1, IBM.
etmd »im * Apr. 10,
bush.
bush.
bush,
bbt*.
Apt, l
bbb,
020,070 8UKH.MI0 1,05*1,403 50,845,74ft
|S»lljfd ICM# (lo«» 118,518 b .m .v n
50,488 7,850,057 2,121.139 67,441,542
007.840
oattnetii- *..--.*• 15»* *M
6,330
140.189
..........
23.119
. & C. America
11,006
037.700
079,034
. ,.i ladies...
2M42
20,110
291,584
grit. H, A. Co***. lo ii 'O
1,808 1.005,308
810.080
180,81
4,405
Qih@t e-oantrie*.
680.1«8 37,808,0-22 3,809,881 110.983,145
108,004 8,101,043
•
.....
5 j 7,732 2?,088,353 1,055,539 02,580,418
221.176 8.057,485
’CoUl l6SkW*ft.
T h e v is ib le s u p p ly o f g r a in * c o m p r i s i n g t h e s t o c k s in
g r a n a r y a t t h e p r in c ip a l p o in t s o f a c c u m u l a t i o n a t la k e a n d
s e a b o a r d p orts* A p r i l 10, 1897, w a s as f o l l o w s :
B trl.*V
Tlti*
O Us
Corn
Whmt.
bmh.
bmh,
hmh
bush
I n n o n at
bm h.
122,000
240.000
3.842.000
J,745,000
Hew York..............
i.ni.ooo
22,000
33.000
Do
Afloat. .... 399,000
50 000
40.000
Albany,....... . .... ..
••
118,000
520,000
7 2 OOO
07.000
Buffalo..........
587,000
81.000
118.000
Do
afloat ......
.......
150,000
5,9 -'9.000 1,270,007,006,IKK)
Cflleaeo «... . . ........ 0.933.000
97.000
281,000
018 030
3.991.000
Do
afloat........ 851,000
r 9,00 b
457,000
8,000
9,000
Milwaukee------ ...... 293,000
95.000
Do
a flo a t,.,...
......
1,313,000
895,000
52.000 2,122,Otiy
D m !B illft .fW ft .O O O
Do
afloat ..... 018,000
113*066
47,666
1355.000
........ 035,000
Do
afloat..
10.000
37,666
> 2,006
111.000
255.090
Dur
Do afloat .
33.006
7.000
0 *w**Q...... .....
12.000
* 18,660
120,000
997.000
414,000
St Loai*.. .......
35.000
257.000
Do
afloat....... ........
48,000
10.000
CuiCJnt a t i ....................... ....
178.000
$30,666
B o s t o n ..,, ...,- .. ... 215,000
42,0'
03.000
Toros to.. . . . . . . . . . ... ibft.OOO
42,0
74,666
837.000
21.000
Montreal.. ... ... ... 513.000
30.000
1.412.000
rhlUflo-Ipbla ............ 187,000
19,000
'8.066
42.000
9*1,000
Peoria. I.. ...............
26.000
53.000
LOGO
tadlMApoUa....... ...
74.000
” 5,666
183.000
182.000
SLanfatCity....... . ... 201,000
82.000
142.000
2.701.000
Baltimore.. .... ... ... 4038)00
37,000
93 OOC
901.000
93.000
Minneapolis,....... . . .14.169,000
250.000
7,000
Da Mississippi B iter.
----285.000
On Lake*... ... — .
105,000
On ca&al aafl river,.. ........
2.705.000
3.012.000
24.007.000 13.287.000
t Total Aw. 10.1897.37.701000
2 .8 1 2 .0 0
25 318,000 13.010.000
3.052.000
Tolas Apr. 3, 1-#7,88,012,000
1.099.000
9,3 41.,000
1.500.000
10.810.000
-T otal Apr, 11, i83ft 69,330,000
■490.000
13,22 L, 000
211,000
5.7.27.000
CTotal Apr. 13. INK 70,4HO,000
If!, 031,000
389.UU0
580,000
2.054.000
Total A pi. 1L1804 OaJtSJOO

THE

DRY

GOODS

TRADE.

N e w Y o r k . F r i d a y , P , M ,, A p r i l 16, 1897.
T h e i a r ’ e a u c tio n sa le o f c o t t o n g o o d s h e ld o n

[VOL, LXIV.

T h e v a lu e o f t h e N e w Y o r k e x p o r t s f o r th e y e a r to d a t e has
bean $2,750,428 in 1897 a g a in s t $2,863,981 in 1896.
T h e a u c t io n sa le has p la c e d t h e m a r k e t f o r c o t t o n fla n n e ls
o n a m o r e d e fin ite basis, as a g e n ts a r e n o w in a p o s itio n to
q u o te p r ic e s w it h s o m e d e g r e e o f c e r t a in t y , a n d h a v e d u r in g
th e p a st f e w d a y s d o n e a fa ir a m o u n t o f bu sin ess o n a little
b etter ba sis th a n a u c t io n v a lu e s . C s t t o a b la n k e ts h a v e n o t
b s e n a ffe c te d . T h e m a r k e t f o r b r o w n s h e e tin g s a n d d r ills h a s
fa ile d to d is c lo s e a n y n e w fe a tu r e . T h e d e m a n d is q u ie t a n d
p r ic e s w it h o u t a lte r a tio n . B le a c h e d s h ir t in g s s h o w s u n e t h in g o f a h a r d e n in g t e n d e n c y in a n o c c a s io n a l le a d in g m i k e
o f 4-4 g o o d s , b u t in o t h e r d ir e c t io n s a m o d e r a t e d e m a n d Is
r e a d ily m e t at p re v io u s p r ic e s .
W id e shsefcings a re s lo w a n d
ir r e g u la r . D e n im s have, b e e n in m o lo c a te d e m a n d a n d e i s y
to b u y in m o st m a k e s. T ick s a n d o th e r c o a r s e c o l o r s i c o t ­
ton s d u ll a n d fe a tu reless . K id -fin is h e d c i m b r i c s fn t e t iv e .
B o t h S ta cie a n d fa n c y p rin ts h a v e t n e a q u ie t, w it h o u t c h a n g e
in p ric e , G ln g h im s in a c t iv e in b i t h sta p le a n d d ress sty les,
T h e r e h a v e b e e n n o s ilea o f r e g u la r p d n , c lo th s this w * e k , tb e
q u o ta tio n still s t a n d in g a t 2 9 -l6 o . O l d s in m o d e r a te re q u e s t
a n d e a ?y .
1894.
1897,
1896.
1895,
A p r . 11.
A pr. 13. A pr, 14.
Stock o f Print Olotht—
Apr. 10.
112,000 214.000
At P rovidence, 8 4 squ ares, 1
C 234.000
33,000 327.000
At Pall R iver, 64 sq u a res.. >
*
< 764.000
83,000
117,000
At Fall R iv e r,o d d s iz e s .... )
i 556.000
1,554,000

T otal atook (p ie o e s )....

262,000

621,000

* Bv agreement am ong tin olotli brokers no detailed statem ent o f
the print olotli m arket is m ade puullo.
W o o l e n G o o d s .— B usiness
in m m ’ s -w e a r w o o l m a n d
w o r s te d fa b r ic s t o i l w e e k has b een q u ie t. B u y e r s hav - p la c e d
b u t a lim ite d n u m b e r o f n e w o r d e r s fo r a n y d e s c r ip t io n o f
g o o d s , a n d u n til tn e s u p p le m e n ta r y d e m a n d b e g in s to o o o ia
fo r w a r d in v o lu m e a d u ll p e r io d is lik e ly to fa c e se lle r s . T h e
la tte r a r e h o w e v e r fa ir ly w e ll situ b e d , in tu v o f th e m h a v in g
th e ir sea son ’s p r o d n e d o n p re tty w e ll c o v e r e d . T h e t e n d e n c y
o f p r ic e s is a g a in s t b u y e rs in s u c h in s ta n ce s, a n d a d v a n c e s o f
5 p e r c e n t are o c c a s io n a lly n o t e d in s o m a o f th e m o 3t p o p u la r
lines. T h e r e a r e b u t r a re in s ta n c e s o f a n y d is p o s itio n to
m a t s e v e n s lig h t c o n c e s s io n s in o r d e r t o a t tr a c t fu r t h e r b u s i­
ness b y a g e n ts w h o a r e still o p rn to ta k e o r d e r s. T h e r e nas
b s e n n o c h a n g e in th e m a r k e t f o r o v e r c o a t in g s a n d c lo a k in g s .
F la n n e ls a n d b la n k e ts a re q u ie t ly 8 cm . D ress g o o d s g e n e r ­
a lly w elt s o ld , p a r tic u la r ly in p la in g o o d s , a n d p rtess o a caese
a r e a g a in s t b u y e rs.
F o r e ig n D r y G o o d s .— T h ere h a s b s e n a q u ie t m a r k e t fo r
fo r e ig n m s r e k a n d is e th is w e e k , ta r iff u n c jr t a iu iie s still o l i e
in g o o s ta c le s in th e w a y o f b o t h sailers an 1 b u y e rs. W o r e
bu siness is d o in g f o r fa ll, p rice s a re d e c id e d ly fir m . S e i s m a b ie bu sin ess b ir r e g u la r a a d w it h o u t s p e c ia l fe a tu re ,
I m p o r ta tio n s a n d W a r e h o u s e W it h d r a w a ls o f D r y G o o d * .
T h e im p o r t a t io n s a n d w a reh ou se- w it h d r a w a ls o f d r y g o o d s
a t th is p o r t f o r th e w e e k e n d in g A p r il 15, 1897, a n d s in c e
J a n u a r y 1, 1897, a n d f o r t h e c o r r e s p o n d in g p e r io d s o ! la -t
y e a r are as fo llo w s :

W edn esday

h a s ea sily b e e n th e m o a t it n p o r .a n t fe a tu r e o f th e

w eek.

T h e r e -were th en d isp o s e d o f a b o u t 30,030 p a c k a g e s o f c o t t o n
fla n n e l- n o d b r o w n a n d b le a c h e d s h e e tin g s , p r o d u c t o f m ills
r e p re se n te d b y C a tlin & C o . r e a liz in g

u p w a r d s o f 81,503,030.

T h e a tte n d a n c e o f b u y e r s w a s la r g e , c o m p e t it io n g e n e r a lly
q u ite spirited

a n d th e p ric e s r e a liz e d

s a t is fa c t o r y o a

th e

'1
1
M
JOto j
la a . ; 05*>, to-OO
O© M ‘3f5to
a* t& C
CQ—4 ©00 *-*05CO

w h o le , the a v e r a g e s iio w iiig a d e c lin e o f s o m e w h a t less th a n
10 per c e n t fr o n t r e g u la r u i i r k e t v a lu e s . T o e o u t c o m s o f t h e
sa le had been a w a ite d w ith a n x io u s in te r e s t, a n d s in c e It w a s

-■ICR tooo to -O-J
jJ O o jW H a a
WO com'*o *--*'o
N O to *a "Oh to
c o o © © to cn

h eld th*-r* has b e e n a d is t in c t fe e lin g o f r e lie f a n d a n a c c e s ­
sion o f c h e e r fu ln e s s to t h e g e n e r a l to n e , T h e r e h a s n o t b s e n

00

a n y p -r c e p t i d a in c r e a s e in b u sin ess, h o w e v e r , a n d as t h s d a y a
p r e c e d in g th • sale w e r e d e c id e d ly in a c t iv e th e w e e k ’s r e g u la r
resu lts h a v e tiio n in d iffe r e n t in V o lu m e . T h e j ib b iu g tra d e
l . a , a y tin bean q u ie t, b u sin ess c o m i n g fr o m tn e M ississip p i
V a il *y region -- b e in g -m a il. In th e w o o le n a n d w o r s te d g o o d s
d iv is io n s a g e n e r a lly fir m t o n e h a s p r e v a ile d f o r b o th m e n ’ s*
w e a r a n d dress g o o d s .
D o m e s t ic C otton - G o o d s — T ne e x p o r t s o f c o t t o n g o o d s
fr o m
tbi- t>ort f o r th e w e e k e n d in g A p r i l 13 w e r e 8,317
p a c k a g e s , v a lu e d at 8238,830, th e ir d e s tin a t io n b e in g to t i e
p o in t - s p e c ifie d in th e ta b le s b e lo w :
1897,

S t * Y o r k to A rm t. 12.

1896,

! Week. Since Jan, 1,
O ffftt B ritain.. ,+mm> <•*
i f f MutQp&hn , „ ,,* * *
Oktaa .............. ..........................
IQ4*.a. . . . . . . . . . . . . . . . . .
A ra b ia ........ . . . . . . . . . . .
Affl-o* ..........
W f#4 ts&ifMi.
M
Oeotrai A te-fflea.. . . . . .
ffoalb A m ^ rio a .... . . .
O t a ff
..........

70
11
■ 1,860
....
| ....
| 729
271
:
Ml
| 123
!
329
j
44

1,539
1,254
27,140
992
0,059
3,822
4,«26
728
2,60$
ie ,7 3 »
1,396

0,217

67,295
8,750

S

6,217
78,045
........ ........ - : -,*
*■.
• fW ta Mew E oidaoa m lil n o ln ts d ire o t.

Week. Since.Tan, X.
I

19
3
9,169
3
510
531
170
63
295
1,388
120

571
1,212
20,122
2,450
5,574
4.38 4
3,799
823
2,610
13,742
1,052

12,327
....

6 4,337
11,162

12,327

73,499

cn
© j< lp
0*0
8^

S2 S
-.a 1
. tow
<o a i; nkMOr
«a5S**3p
.r-*C
» pdi ' iU*U
5tOM
COto -300 ***•
§ 8 CDSX--SCT
P Ir
:
© . AJf-1
k-*io
COITOIO to © O IBs
a» < l» ; <14*
"to ■V y i l ©**i to-■***.

K0 CO-O ffl O ^4#*•o
j^s 1 tfkO I
I
i
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M
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<IC0 11o;o - i 'i>ch
O**-> MMO’J'-J.
© r-* I O CD© COCO
CO
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7r-© | o* to w to to
COlO j to as to W ©
*-*’-O ©JOtOWife*
’*4W «V '4
' 3 2 -3s-©tOtO
COCO'CtOiW

to

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w V a ^ li
© ta o* to co
to —^ w ^

W>1^l0Ss
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to to
co’-t fc'co'-i ©Ln
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to-a aicfl©*-w
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M *•*K5*-•05

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to to
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oototb©#*. «
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*+00 <1 O ■

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75JKJ*JI3)31« £ s i
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1

THE CHRONICLE

A p e i l 17. m ? . ]

S ty itt

and

C ity V z T w r m n T .

TERMS

OF

S U B S C R IP T IO N .

Parkinson A B urr................. .
Cushman, Fisher & P helps..
L.

W. M orrison ............. ........

767
$1,275,000
( 250,000
J 250,000
1 250,000
I 525,000
100.000

100-23
100-3*
100-27
100-23
100-13
100-13

The securities are of the denomination of $1,000 or any
The I n v e s t o r s ' S u p p l e m e n t will be furnished without
extra charge t o every annual subscriber o f t h e C o m m e r c i a l multiple thereof, dated April 1, 1897 ; interest is payable
semi-annuady on the first days of April and Ootooer at the
a n d F in a n c ia l C h r o n ic l e .
The S t a t e a n d C i t y S u p p l e m e n t w i l l a ls o b e fu r n is h e d office of the City Treasurer of Boston, and the principal will
mature April 1, 1902. A sinking fund has been provided for
without extra charge t o e v e r y s u b s c r i b e r o f t h e C h r o n i c l e .
the payment of the loan at maturity.
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 i l l lik e w is e b e f u r ­
Braddock, P
Bond Offering.—Proposals will soon be
nished without extra charge to e v e r y s u b s c r ib e r o f t h e
received by this borough for the purchase of bonds to the
C h r o n ic l e .
The Q u o t a t i o n S u p p l e m e n t , is s u e d m o n t h l y , w i l l a ls o b e amount of $102,000. The securities are to be issued for the
furnished without extra d irge t o e v e r y s u b s c r i b e r o f t h e construction of a new reservoir.
C h r o n ic l e .

TERMS for the C h r o n i c l e with the four Supplements
above named are Ten Dollars within the United States and
Twelve Dollars in Europe, which in both cases includes
postage.
__________
Terms of Advertising—(Per ineh space.)
One tim e.................................. $3 50 I Three M onths (13 tim e s)..$25 00
One Month
(4 tim es).. 11 00 Six months
(28 tim es).. 43 00
Tw o M onths
(8 tim es).. 18 00 |Tw elve Months (52 tim es). 58 00
The above terms for one m onth and upwards are fo r standing cards.

B o n d P rop osals and N e g o tia tio n s.—We have re­
ceived through the week the following notices of bonds
recently negotiated and bonds offered and to be offered for
sale.
Aberdeen, Md.—Bond Offering.—Proposals will be received
unul 2 o’ch ck, P. M., April 27, 1897, by the Commissioners of
this town, for me purchase of $15,000 of 5 per cent water
bonds. The securities will mature in 1922, subject to call
afu r 1912. The assessed valuation of the property given as
security for theie bonds is $300,009; the real value is esti­
mated at aojut $400,000.
Arkansas City, Kansas.—Bind Veies.—Reports being cur­
rent to the effect that Arkansas Citv, Kansas, had defaulted
in the payment of its bond', we have obtained the following
official statement:
“ The city has not defaulted in payment of binds now out­
standing. The interest has not alwavs been paid when due,
owing lo the delay in the collection of taxes. The City Treas­
urer reports that payments of interest coupons are seldom
much dtlayed. The city has refusid payment on what are
known as the D. M. & A. bonds, issued April 1, 1888, as the
courts have delared them illegal and void. Sim e of the in­
ternal improvement bonds, the payment for which is pro­
vided for by special taxation on abutting property, are un­
paid for the reason that taxes have not been paid."
Atlantic City, N. J .—Bond Sale.—On April 10,1897. the
Finance Committee of Atlantic City awarded the $35,000 of
4% per cent gold refunding bonds to N. W. Harris & Co. of
New York, N. Y ., for $36,250. The other bids received were:

Bristol County, Mass.—Bond Offering—Proposals will be
received until 10 A. M. April 21,1897, by the County Com­
missioners for the purchase of five notes of $20,000 each. The
securities will be dated April 22, 1897; interest at the rate of
4 per cent will be payable semi-annually and the principal
will mature April 22, 1901.
Brookhavea, Miss.—Bond Election —This city will hold an
election on M>y 10, 1897, at which the question of issuing $40,000 of bonds will be vo'ed on. If carried th i pr ice -ds of the
issue will be used for the construction of water a n i elactriclight works.
Brooklyn, N. Y.—Bond Silt.—The city of Brooklyn has
sold $70 000 of 3}£ per cent consolidated gold stock, for the im­
provement of Leonard Street, to the Commissioners of the
Sinking Fund at par. Interest on the securities is payable
semi-annually on the first days of January and J uly and the
principal will mature January 1, 1937.
Bond News.—The borrowing capacity of the city of
Brooklyn is, at the present time, $156,000. The city can,
however, issue water bonds io any amount but will be un­
able to issue securities for any public works other than
those connected witn the waur supnly until the debt borrow­
ing capacity shall be sufficient to offset the water bonds. The
“ Brooklyn Eagle” reports that Comptroller Palmer is strongly
opposed to the issuance of the $2,000,000 of water-works bonds
proposed by the etiy works authorities, on the ground that
the city should remain within its borrowing capacity in order
to meet any emergency which may arise. It is understood
that plans are being prepared for additional water works prior
to making formal application to the Common Council for the
issue ot bonds and it is expected that the requisition will be
sent to the aldermen about April 19.
Tbe city works authorities intend to insist up >u their plans
in spite of the opposition of tbe Comptroller.

Calloway County, Mo.—Bond News.—This county has
completed a plan whereby $150,000 of its 5 per cent twentyyear railroad bonds will be refunded on or before May 1,
1897, by an issue of 4 per cent bonds. The new securities
will be of the denomination of $1,000 each; interest will be
payable semi-annually oa tbe first davs of May and Novem­
ber at the Union Trust Company of St. Louis, Mo., and the
principal will mature in twenty years from date of issue,
E. H. Gay A Co., Boston. Mass............................................................$38,085 00
C. H. White * Co.. New Y ork. H. V ............................................ 35,945 00 $100,000 being subject to call after five years and the remain­
R udolph Kleybolte A Co., Cincinnati. O h io............................... 35,*75 00 der after seven years.
E. D. Shepard A Co.. New York, N. Y ....... ................................ 35,745 00
Carbon County, Mont —Bond Offering. —Proposals will b e
Parson, Leach A t’o.. New York, N. Y .......................................
35,425 00
Jas. W. Lonastreet A Co., Boston. Mass................................
35,306 25received until 2 o’clock p M.. June 7, 1897, b y th is county, fo r
Redmond, Kerr A Co., New York, N. Y . _ ...................................... 35,273 25 the purchase of $11,000 of 6 per ceatciup m nonds. The secu­
Wm. Mann, Atlantic City, N. J ....... .................................
35,175
00 will be of the denomination of $1,000 e a c h and will
rities
S. A. Kean, Chiougo, III....................................................................... 35,043 75
mature in twenty years from date of issue. Each proposal
The securities are date! May 1, 1897; interest is payable must b e accompanied b y a certified check for $250.
semi-annually at the Union National Bank of Atlantic City,
Chagrin Falls. Ohio.—Bond Offering—Proposals will be
and the principal will mature May 1, 1927. The proceeds of
this issue will be applied to the payment of matured or ma­ received umil noon May 5, 1397, by William D Brewster,
turing city bonds, notes and certificates, drawing 5 and 6 per Village Clerk, for the purchase of $35,000 of water-works
cent interest. The bonds are of the denomination of $1,000, bonds. The securities will bear interest at the rite of 6 per
and are secured by a sinking fund. The bonded debt of At­ cent and the principal will mature in from 4l£ to 25 years
lantic City on March 25, 1897, including this issue, was $1,- from date of issue.
Cincinnati (Ohio) School District.—Bond Sale —On April
190,210, which amount included a water debt of $875,000 and
special assessment bonds to the amount of $10,000; the sink­ 12, 1897. the Board of Educa ion of this city a w a r d e d $75,000
ing fund was ?>47,179; net debt. §1,143,031. The assessed of school district bonds to Messrs, S e a s o n g o o d & Miyer at
valuations are: real estate, $11,913,914; personal property, $1,- 105-4211. The bids received were as follows:
177,040; total, $13,090,954; total tax rate per $1,000. $19-00. The Seasongood A Mayer. C incinn ati,O hio........ .............. ....... ...... I05-42I1
Kuhn A Sons, Cincinnati. O hio................................................... 104-4404
actual valuation is estimated at about $40,000,000, and the S.
Atlas National Bank, Cincinnati, Ohio .........................................104-3413
permanent population, according to local figures, is 23,000.
Western German Bank, Cincinnati. Ohio ....................................104-0147
Belmont, Ma**.— B o n d s A u 'h o r i z e d . —High school bonds to Rudolph K leybolte A Oo., Cincinnati. Ohio ................................103-5000
the amount of $19,000 bearing interest at 4 per cent and ma­ Fourth National Bank, Oolumhus, Ohio ..................................... 101-1333
The securities are dated S -p . t. 1896: interest at the rate of
turing in 20 years from date of issue have been authorized by
this town. The bonds will probably not be issued b e fo r e July 4 per cent is payable semi-annually at the American Exchange
National Bank of New York Ci v, and the principal will ma­
1, 1897.
ture Sept. 1. 1936, subject to call after Sep-. 1,1906. The
Benson, Minn.—Bond Offering.—Proposals will be received denomination of the bonds will be $500.
until 7:30 P. M , April 27, 1»97, by J. N . Edwards, Village RiOla-'ksfielil, M inn—Bond Offering.—Proposals will be re­
corder, for the purchase of $5,500 of 6 per cent bonds. The
securities will mature as follow*: $4,000 at the rate of $1,000 ceived by this village until 7 o’clock p M., April 28, 1897, for
per annum from Julv 1, 1904 to 1907, inclusive, and $1,500 on the purchase of $3,000 of 6 per cent bonds, Tne securities
will mature May 1, 1913.
July 1, 1908.
Clevelatid, Ohio.—Bond Sale.—On April 12, 1897, bridge
Bloomfield, N. J . — C o r r e c tio n . —W ebave been informed by
W. L. Johnson, Clerk, that this township will not issue any bonds to the amouut of $45,000 were awarded to Messrs. E. H,
bonus at present. Tne report that $100,000 of road bonds were Rollins and Sous at 103-33. The bids received were as follows;
E H. B olin s
Sons. Cleveland, O . . .
under consideration was incorrect.
$46,498 5 0
E. Morrison, New York, N. Y .................
46,480 5 0
Boston, Mass.—B o n d S a le —On April 14, 1897, the $1,275,- Farson, Leach & Co.t Chicago, £11
46,381 5 0
000 of 3J£ per cent South Union Station registered bond cer­ Dietz. DeDison <fe Prior, Cleveland, O ..
46,367 6 5
Merrifct & Co.. Boston, Mass..
46.363 5 0
tificates were awarded to Blake Bros. & Co. and R . L. Day & Blodget,
W. J. Hayes & Sons, Cleveland, O ......
46,301
00
Co. at their joint bid of 100-32. The other bids received were : N. W. Harris & Co., Chicago, III............
46,213 5 0

7 t$B

THE

GHRONLCLE,

The tend* art? dated October 1, 1896. Interest at the rat©
o f 4 r-t-r cent is payable semi-annually on the first days of
April a: t October, anil the principal will mature October 1,
lt»
t,jib principal and interest being payable at the Amer­
ican Exchange National Bank of New York City. The bonds
are of the denomination of $1,000 each.
t'.l.tt. -rille
l .V, km.—The tends of this place re­
cently authorised will be in the denomination of $100 and
$vy, siui will be payable on January 1, 1837, redeemable at
i- ■ opium of the borough on or after July 1, 1898. Interest
at « | r cent will be payable semi annually on January 1 and
July i . Tito amount of the issue will be $28,000, and the pro­
ceed* will in- used for water purposes.
Corona N. Y.) School District No. 2 . -B onds Proposed.—
Sets oi house bonds of this district to the amount of §15,000
are under consideration.
Dayton, Wash.—Bond Sain.—Thecity of Dayton has placed
a loan of $5,0iX) with John Rist, of Dayton, at par. The loan
bears interest at the rate of 6 per cm t and matures ia one,
two and three years from date of issue. The loan is for the
purpose of paying the mortgage on the city's water works.
Detroit, Mich,—Bond News.—On April 1, 1897, §100,000 of
water bonds of Detroit became due. The six months’ loan of
§60,Old made by the Board of Water Commissioners at 8 90
per cent interest, was to extend a like amount o f these bonds,
the remainder having been paid off when they matured.
Dougherty County, 6 a .—Bond Safe.—This county has
sold $16,000 of 6 per cent bonds to the Exchange Bank of Al­
bany, da., for $16,002. The securities will mature in from
two to eleven years from date of issue and were issued to pro­
vide means for the construction of a bridge over the Flint
River at Albany,
East Cleveland, Ohio.—Bonds Defeated.—The question of
fc~uing $153,000 of sswer, water-works and electric-light
bot-Js was defeated at the election held on April o, 1897.
East Providence Fire District, It. 1.—The property of the
East Providence Fire District has been purchased by the Erst
Providence Water Co., subject to the Bonded debt of the fire
district, which amounts to $200,000.
Edgecombe County, N. C.—Bond Sales.—Bonds o f this
county to the amount of $16,000 have been awarded to
Mes-r-. Dietz, Denison <fc Prior for a premium of §570 50,
Fairhaven, Ma-s.—Bond Offering.—Proposals will be re­
ceived until 7 p. it". April 31, 1897, by John H, Howland,
Chairman of the Board of Selectmen of Fairhaven, for the
purchase of §75,000 of sewerage toil 's.
The
urine.- are to be coupon tends of the denomination
of $o(h>and $1,050. They will be dated April 1, 1897, and
intere.-t at the rate of 4 per cent will be payable semi-annually
on life first days of April and October. The principal will
111annually on Oct. 1 from 1898 to
1902, iJ.f 60 annually on Oct, 1 from 1903 to 1907, §4,500 annu­
ally on Oct. 1 from 1908 to 1912, $5,300 annually on Oct. 1
from Fill? to 1916 and $5,500 on April 1, 1917. Principal and
inw est will be payable at the First Nat. Bank, Boston, Mass.
Each bid mast be accompanied by a certified check on a
national buck payable to the order of the Town of Fairhaven
fer $1,500.
Fayetteville, N. C.—Bonds Authorized.—This city has been
authorized to issue bonds to the amount of §15,000 to pay the
cost of i-recting an electric-light plant.
Flagstaff, A. T.—Boiul Sale.—This town has d'sposed of
the
i 01) of 6 per cent water works bonds which were
offered on March 29, 1897, The securities are dated March
1, 1897, interest is payable semi-annually on Jan, 15 and July
15, and the principal will mature in thirty years from date of
issue. The bonds are of the denomination of $1,000. Florence, Ala.—Bond Election.—An election will be held
m this city on May 15, 1S97, to decide the question of issuing
$125,WO of bonds for the purchase of water-works,
From nut, (Milo.—Bond Sale,—Refunding bonds of fhiacitv
to the r,mount, of $8,000 were sold to the Oroghan Bank of
•reruont on April 7, 1897, for a premium of $210 and accrued
ir‘ "
The securities are serial coupon bonds, maturing in
tr m 0 t - 7 years from date of issue and bearing interest at
the rote of 5 per cent.
halve*ton County, Texas.—Bond Offering,—Proposals wil
u- r, r‘
until 12 o’clock noon, April 22, 1897, bv the Chair
izan of to. Finance Committee, care of G=o. H. Law Jr
County Ltek , for the purchase of §300,000 of .3 per cent Court
w x,r" *• . lhe securities will be of the denomination ol
«.,*i-« «:.,'b; » ter.gt will i* payable semi-annually on the
,
F- of April and October, and the principal will mature
m fre hi ten to forty years from date of issue, both principa
arzi lot. P • Wing payable at the office of the County Tress'V'“ r u
" , '“ n> . *'f!" successful bidder will be required to
a ' hf ,;k ,,jr tB.OOO as a guaranty that the bonds wil
when (iecl&fc'd legal,
Th"-.v tends w re to have been sold on April 5, 1897, but
tne ,aiz was ... tpooed until the date mentioned above.
(Hourester.
-~k mmrarg Loan.—it is reported that
i', ;;
of '■«'?"
notes at 8 per cent
I1 * T:
t, r"J1,um and ¥23,000 at 3-2a percent inau<* f i w premuim,
brand JnnrUnri, Eol. —Bonds Voted —On A pril 6 , 1897, the
pROfi-of t I- municipality voted in favor of issuing § 65,000
oi u p ,-s tor -i tier purchasing the water-works now in use or

[V o l . L X IV i

constructing a new system. A proposition to issue $250,000
of bonds for supplying the place with water from the moun­
tains was also submitted to the people on the same date but
was defeated.
Harrison County. Ohio.—Bond Sale.—The $10,000 o f 6 per
cent jail bonds of Harrison County were awarded to N. W ,
Harris «& Go, of Chicago, III., at 101*81, The other bids re­
ceived w ere:
Mason, Lewis St Co., Chlo-igo. til.................... ...........
.
104-310
Dlotz, Denison & Prior, levelauil, .. ................ ..............................104-180
Soasongood 4 Mayer, Clocluuati. O hio.......................................... 104*127
W. 3. Hayes & Sous, Cleveland, O h io..... .................................. 103-700
Fourth National Bank, Columbus, O h io ......................................... 103-650
Rudolph Kleybolte ,fc Co.. C iuolim nl, Ohi >.................................... 103-603
Farron, Loach 4 Co , Chicago, III........................... ...................... 103*520

The securities are dated April 1, 1897 ; interest is payable
semi annually on the first days of April ant October, and the
principal will mature at the rate of $1,000 per annum from
October 1, 1898 to 1907, inclusive,
Hico, Texas.—Bond Offering.—Proposals will be received
until 6 o’clock p. m , April 19, 1897, by the city of Hico, for
the purchase of $7,5<H) of 5 per cent water-works bonds. The
securities will be dated December 1, 1896, interest will be
payable annually at the office of the City Treasurer, and the
principal will mature December 1,193(5. Each bid must be
accompanied by a certified check for $500. The total indebt­
edness of Hico, including this issue, is $12,500; sinking funds
(annually), $300; assessed valuation, $500,870; real valua­
tion, 8800,000, and tbe population, according to local estimate,
1,5C0.
Hopkinsouville, Ky.— Bond Offering.—Proposal will be
received until May 18, 1897, by the Fiscal Court of this city
for the purchase of refunding bonds to the amount of §100,000, The securities will bear interest at the rate of 5 per cent
and the principal will mature in 30 years from date of issue.
Hudson County, N. J .—Bond Sale.—On April 15, 1897, the
§200,000 of 4 per cent thirty year gold road bonds o f this
couniy were awarded to Dunscomb & Jennison at 102'63 and
the $127,000 of 4 per cent five-year gold sidewalk-bonds to E.
H. Rollins & Sons at 100*146. Interest on both issues ia pay­
able semi-annual ly. The securities are exempt from taxation
and are secured by a sinking fund.
Hudson, N. Y.— Bond Offering.—On June 1, 1897, W m , S.
Hslleobeck, City Clerk, will offer for sale 4 per cent bonds o f
the city of Hudson to the amount of $15,000. Tne securities
will mature in 17, 18 and 19 years from date of issue.
J seksnn, Tenn.—Bond Offering.—Proposals will be received
until IS o'clock noon, Jtiu 1, 1897, by fno, A. Greer. Chair­
man of the Finance Committee, for the purchase of $20,000
of 5 per cent school-building bonds of this city. The securi­
ties will be of the denomination of §590 each, dated August
1, 1897; interest will be payable semi-annually on the first
days of February and August, and the principal will mature
August 1, 1917, subject to call after August 1, 1907, both
principal and interest being payable at the People’s Savings
Bank of Jackson, Tenn. The loan is part of an authorized
isu e of $25,000; the payment o f the interest will be provided
for by direct taxation and the payment of the principal will
be made by the Sinking Fund Commissioners.
The bonded debt of Jackaon on April 1, 1897, was $343,000,
including water-works bonds to the amount of $100,000;
floating debt, $10,000; total debt, $358,000. Tbe tax valua­
tion for 1896 was about $3,500,000. Tbe water-works system,
owned by the city, is valued at about $400,000, and yields an
annual net revenue of about $9,000.
Jamestown, N. Y,—Bond Offering.—Proposals will be re­
ceived until 13 o’clock uoon, April 19, 1897, by the Board of
Public Works, for the purchase of $50,000 of sewer bonds of
this city. Tne securities will bear interest at a rate not ex­
ceeding 4 per cent, payable semi-annually, and will mature
in twenty years from date of issue,
Jamaica, N. Y.—Bond Sale.—On April 10,1897, the §300,000 of 4 per cent street-improvement bonds of Jamaica were
awarded to the Edw. C, Jones Co. o f New York City, at
105*75. Tbe other bids received were :
B. D. Shepard & Co., New York, N. Y .............................................. 105'360
Mason, Lewis & Co., Chicago, til...................... ................................105-180
Kings County Trust Co., Brooklyn, N. Y ........................................102-896
W. J. Hayes & Sons, New York, N. Y ............................. ................ 103-300

The securities are of the denomination of $1,000 each ; in­
terest is payable semi-annually on tbe first days of April and
October, at the Bank of Jamaica, and the principal will m a­
ture at the rate of $10,000 per annum from April 1, 1917, to
1936, inclusive.
Jersey City, N, J .—Bond Sale.—On April 15, 1897, the
$450,000 of 4J£ per cent refunded general bonds of Jersey City
were awarded to Blair & Go. of New York City at 107*53. The
other bids received were;
Blolie Bros & C o .................
O. 7 tUrlSlik-..............................
Sluion Borg is Co. f$ 100,000)
Parson. Leach & Co.................

,

N . W . H a r r is & C o .........................
D u n s o o m b & J o u n ls o n ................

Benwell & E verllt...................
E. D. Shepard & Co..................

..106-389
..105-311
.105*271
..104-655
.104 557
..104-410
.10 4-2 79
.1 0 4 1 1 0

The securities are dated May 1, 1807; interest is payable
semi-annually on the first days of May and November, and
tbe principal will mature May 1, 4927, both principal and in­
terest being payable in gold. The bonds are exempt from
taxation and are secured by a sinking fund.

Ap r i l 17, 1897.J

THE CHRONICLE.

Johnstown, N. Y.—Bond Sale.—Oa April 5, 1897, the city
of Johnstown awarded §17,000 of 4 per cent railroad refund­
ing bonds to Isaac W. Sherrill, of Poughkeepsie, N. Y ,, at
103'87. The other bidders were:
Bertron & Storrs, New York, N Y. — . . — . . . . . . . . — ...........
Benwell * Everitt, New York, N. Y ............................................
Edw. C. Jones Co , New York, N. Y . ........................................
Farson, Leach & Co., New Y ork, N .Y . — . . . . . . . . . . . . . — . . .
W. J. Hayes & Sons, Boston, M ass...................................
S. A. Kean, Chicago, 111.................................... ............................
L. W. Morri3on, New York, N. Y ................. ...............................

103*352
103-310
103-550
103 527
1 0 3141
102-000

101-111

The securities are dated February 1, 1897; interest is paya­
ble semi-annually on the first day3 of June and December,
and the principal will mature as follows: §14,090 at th j rate
of §500 per annum from June 1, 1893 to 1925, inclusive, and
§3,000 on June 1, 1926.
Kentucky.—Bonds Proposed.—& bill authorizing the issu­
ance of §500,000 of bonds to fund the State’s floating indebt­
edness has passed the Assembly.
Lebanon, Ohio.—Bonds Defeated.—The voters of this place
on April 5,1897, decided not to issue the proposed §16,000 of
electric-light bonds.
Lisbon, Ohio.—Bond Offering.—Proposals will be received
until 7 o’clock P. M. May 3, 1897, by Cyrus W . Pritchard,
Village Clerk, for the purchase of §9,500 of 6 per cent street
improvement bonds. The securities will be of the denomina­
tion of $500 each, dated May 1, 1897; interest will be payable
semi-annually and the principal will mature as follows :
$2,500 at the rate of $500 per annum, from May 1, 1898 to
1902, inclusivi; §5,000 at the rate of §1,000 per annum, from
May 1, 1903 to 1907, inclusive, and $2,000 on May 1, 1908.
Proposals will also be received by the Village Clerk until the
same date for the purchase of §11,000 of 6 per cent special as­
sessment bonds. The securities will be of the denomination
of $100 each, dated May 1, 1897 ; interest will be payable an­
nually, and the principal will mature at the rate of $1,000 per
annum from May 1, 1898 to 1908, inclusive.
No bid for either of the above issues for less than par will
be considered, and each proposal must be accompanied by a
certified check for 10 per cent of the amount bid for.
Logan, Ohio.—Bonds Defeated.—At the election held in
this city on April 5, 1897, the question of issuing $30,000 of
gas-well bonds failed to carry.
Loveland, O hio. —Bond Sale.—On April 12, 1897, the §4,000
of 6 per cent steam tire-engine bonds of this village w e re
awareled toSeasongood & Mayer of Cincinnati, Ohio, for $1,330.
The other btds received were :
8. Kuhn & Sods, Cincinnati, O hio............ ........ ............................§4,3-10 00
Charles W. Thurman, Cincinnati, O h io...................................... 4,325 OO
Rudolph K eybolte & Co., Llnoinnail, O h io ............................. 4 ,t o o 50
8. A. Kean, Chicago, III...................... ........................................... 4,102 50

The securities are dated April 1, 1897, interest is payable
annually, and the principal will mature at the rate of $100
every two years, beginning with April 1, 1899, both ptincipal
and interest being payable at the National Lafayette Bank of
Cincinnati, Ohio. The bonds are of the denomination of $400
each,
Mansfield, Ohio. —Bonds Defeated.—At the recent election
in this city the proposition to issue sewer bonds was defeated
bv 288 votes. The bonds were to have been 5 per cent 1 to 20
year serial bonds to the amount of $71,000.
Maury Comity, Tenn.—Bonds Proposed.—This county pro­
poses to issue bonds to the amount of $50,000 for the purpose
o f funding the floating debt.
Medford, Mass.—Bonds Authorized.—An issue of bonds to
the amount of $200,000 has been authorized by the Medford
City Council.
Middletown, Conn.—Bonds Proposed.—This municipality
proposes to issue bonds to the amount of $215,000. The se­
curities, if authorized, will be dated July 1, 1897; they will
bear interest at the rate of 4 per cent and mature July 1,1922.
Montana.—Bonds Unsold.—The sale of $100,000 of univer­
sity bonds which was advertised for April 5, 1897, did not
take place, as no bids were received for the issue. The secu­
rities were to have been 6 per cent 20-30-year optional bonds.
Navajo County, A, T.—Bond Offering.—Proposals will be
received until 12 o’clock noon, May 10, 1897, by J. H. Frisby,
Clerk of the Board of Supervisors, for the purchase of $12,000
to $15,000 of Court house and jail bonds ot this county. The
securities will bear interest at a rate not exceeding 6 percent,
payable semi-annually.
New Bedford, Mass.—Temporary Loan.—The city of New
Bedford has placed a temporary loan to the amount of $259,000 at 3*15 per cent interest.
North Hempslcad, N. Y.—Bonds Authorized.—At an elec­
tion held on April 6, 1897, the people of this town voted to
issue road-improvement bonds to the amount of $81,000.
Palestine, Tex.—Bond News.—At the election held recently
in this city the proposition to issue $100,000 of water-works
bonds was net put to a vote. Mr. Lucien Gooch, City Treas­
urer, says “ (he city cannot issue bonds for that purpose at
present.”
Passaic, N. J .—Bond Sale —On April 15, 1897, the $35,000
of 5 per cent bonds of this city were awarded to Benwell &
Everitt of New York City at 106*06. The other bids received
were :

C. Zabriskie...................... - ..............
W. E. K. Sm ith...................................
Paterson Safe Deposit & Trust Co
Rudolph K leybolte <fe Co................
F. K. MoCully....................................
N. W. H a n is & C o ..........................
Edw. C. Jones C o ........................... .
E. M orrison........................................
W. J. Hayes & 8on s.........................
E. O. Stan wood & C o .....................
Farson, Leaoh & C o ................. .
The Lam preckt Bros. Co................
Dietz, Denison & P rior....................

761
105*770
,105*570
105 150
,104-590
.104-630
104-170
,104 139
104-1144
104-090
104-080
104-070
.104-010
101-888

A bid was also received from S. A. Kean which did not
conform with the requirements of the sale.
The securities are of the denomination of $500 each, dated
March 1, 1897; interest is payable semi annually, and the prin­
cipal will mature at the rate of $2,500 per annum from March
1, 1898 to 1911, inclusive, both principal and interest being
payable at the Passaic National Bank. The loan is in the form
of coupon bonds with the privilege of registration.
Paulding County, Ohio.—Bond Safe.—Oa April 5, 1897,
the $15,300 of 5 per cent ditch and poor bonds of Paulding
County were awarded to Seasongood & Mayer of Cincinnati
for $15,702. The other bonds received were;
Rudolph Kleybolte i Co., Cincinnati, O h io................... .......... 815,645 00
The Lam orecht Bros. Co., Cleveland, O h io........ ..................... 15,637 50
Spitzer & Co., Toledo, O hio........................................................... 15,627 00
Dietz, Denison & Prior, Cleveland. O hio.................................... 15,582 50
W. J. Hayes <fcSons, Cleveland, O h io.......................................... 15,530 50
Paulding Deposit Bank, Paulding, Ohio .................................. 15,432 0 0
Farmers' Banking Co., Paalding, O h io....................................... 15,325 00

Pel ham Manor, N. Y.—Bond Offering.—Propisals will be
received until 8:30 P. M., May 1, 1897, by John H. Dey, V illlage Treasurer, for the purchase of $50,000 of 4 per cent gold
sewer bonds. Interest on the securities will be payable semi­
annually on the fiist days of May aud November at the office
of the Knickerbocker Trust Company of New York City, and
the principal will mature May 1, 1917.
Each proposal must be accompanied by a certified check
for 2 per cent of the amount of the bid.
The official advertisement of thisbond offering will be found
elsewhere in this Department.
Philadelphia, P a .—Bonds Authorized.—At a meeting of
the Fioance Committee of Councils held on April 13, 1897, a
refunding loan of $450,000 was authorized. This sum is re­
quired to make up the amount necessary for the redemption
of a loan of $1,779,2X1 which falls due on July 1, 1897.
Pleasant Ridge, Ohio.—Bond Sale.—On April 5, 1897, im ­
provement binds of this village to the amount of $2,646 39
were awarded to the Atlas National Bank of Cincinnati at
105V£ and accrued interest. Bids were also received fromC. M.
Thurman, Cincinnati, 105*32, andS.Kuhn & Sons, Cincinnati,
102 25. The securities bear interest at the rate of 6 per cent
and mature in from 1 to 10 years from date of issue.
Portsmouth, Ya.— Bond Sale.—The $10,000 o f 5 per cent
paving bonds of Portsmouth have been sold at 102-50, The
securitus will mature in ten years from date of issue.
Racine, IVIs.—Bonds Defeated.—At an election held in this
city on April 6, 1897, the question of issuing school bonds to
the amount of $80,000 was lost.
Reading, Pa.—Bowl Sa'e.—On April 14, 1897, City Clerk
H. H. Hammer awarded $100,000 of paving bond3 to Heyl &
Major of Philadelphia at 105*375. The other bids received
were as follows :
Biddtrs—
Bid.
N. \V. Harris & Co., New York N. Y ................................................. 105*830
C. H Waite & Co., New York, N. Y ................................................. 105*320
W. J. Hayes & Sons Cleveland, O h io.............................................. 105*310
Estabrook & Co., Boston, Mass ........................................................105-279
Rudolph Kleybolte <fe Co., Cincinnati, O h io....................................105-139
Street, Wykes <St Co.. New York, N. Y .............................................. 105-090
Dick Broa. dt Co., Philadelphia, Pa...................................................105 078
E. H. Rollins ds Sods . Boston, Mass................................................ 105-072
L. W. M onison , New York, N. Y ......................................................105 030
Bertron & Storrs, New York. N. Y ....................................................104-850
E. D. Shepard A Co., New York. N. Y ............................................. 104 820
The Lam precbt Bros. Co., Cleveland. Ohio....................................104-770
Dielz, Denison & Prior, Cleveland, Ohio............... .........................104*330
Farson. Leach & Co.. New York. N. Y ..............................................103-797
E. H. Oay & Co., Philadelphia, P a ......... ; ........................................103-570
Bledget, Merritt & Co., Boston. M a s s ................. .......................... 103-560
Fidelity Ti list & Sate Deposit Oo„ Philadelphia, P a .................... 103-500
R. L. Day &, Co., New Y oik , N. Y ....................................................103-270
Louis Stern, H ariisburg, P.i. (for 84,COO).......................................102-25
Louis Stern, H ariisburg. Pa. (for 81 .000 )...................................... 101-70
George Diefenbaeh. Heading, Pa. (for $3,000).............................. 101-50
Arnos Kerst, Heading, Pa. (for 82,OOO)............................................100-02

Townsend, Whelan & Co. of Philadelphia, Pa., also bid for
the bonds, but tht ir bid was not in conformity with the con­
ditions of the sale.
The securities are of the denomination of $1,000, dated July
1, 1897. They bear interest at the rate of 4 per cent and
mature at the rate of $20,000 every five years from July 1,
19(2 to 1S22, inclusive.
®
Red Lake County, Minn.—Bond Sale.—This county has
sold $10,000 of 6 per cent ten-year gold bonds, to F. R, Fulton
& Co., of Grand Forks, N. D. at 103*18. The other bids re­
ceived w ere:
N. W. Harris & Co., Obtoago, til........................................................... 105 45
Crawford Livingston, 8t. Paul, M inn................................................103*00
Farson, Leaeli & Co., Chicago, 111........................................................102*55
Dietz, Denison & Prior. Cleve’and, Ohio............................................101*05
First State Bank, Red Lake Falls. Minn............................................ 101-03

770

TH E

CHRONICLE.

Richmond County, N. \ -lh r n d Sak - O n April 14, 1897,
toatl impri vi-mcnl gold bonds to the amount or $203,uw (S’ !-..
i s > rv ■serif*
awarded
to Messrs. E.
T’". J * v ^ 0' )' were
** v'»»p *—
v*—v*
at their bid of 109-38 for 1 per cent bonds*
D , S b«p «:«rd &
re r 3 s , and 4 per cent bonds, and were as fol­
The tala#
low*:
SI ‘2 ,000,
Series I.
.100-75
,100-07

Far 3>» ) « r ctal tmmts—
Parw»n. U>*<* & C o.................
—

n r * jwr H »I 5o«d*.
o . ........... . . .

r . B . Sb c p art * c
L e la m S ,
A

>- w Harris A' C o .......

.100-33
. 100-95

. . ..

.108 81

.108-755
,.108-70

K..* - r : * 4 C 0 . . . ................................

Waller SUBton & Co.......... . . .
B* rtrots A* Storr*................
>,-.
M SI 0 > n ........................
O. r.i-.'n A P r io r ..., —

.108-43
.10 S -3i8

..109-339

.......

E .lw

..108-31
..109**0
.108-03
..108-018
.107-89
..107-50
,.108-66

C , J o n e s C o .............. .............

Benwoll * E serlit ............ . . .
l . H tioliltis A 8 o n i...............
i>. A

M oran

------------- -

-------------

punmonsir A- Jen alson ..........
W. K. R. Smith..........................
Ji. I. 1' iv A Co............—..........
T ropic's Tram Co.. Brooklj-n

.10000

$190,000,
Senes Q.
100-75
100-07

109-38
109-38
108-81
108109- 70
108-64
108-43
108*348
108-358
108-31
108 29
108-03
108-016
107-89
107-50
106-66
1 00-00

Th« Securities will be dated June 1, 1897. interest will De
t-nvabi* s-un-anmiiiUy and the principal will mature June 1,
Ut-ri Tho s.-curith s’ will be o f the denomination of $1,000
r.icn and will oe issued. In the form of coupon or registered
bonds.

KI**eway nn<1 Shelby (V. I .) Union Free School District
jf0. !•>.—Bond Qjjering,—Proposals will be received until 10
o’clock A. m„ May 1. *1897, by the Board of Education, at
i :—r ..dice in the'Viliage of Medina, N. Y ., for the purchase
of $19,000 of bonds of tbit school district. Bids are to be
m ide on the basis of the bonds beating 4 per cent and 4}$ per
c,nt m erest, payable annually or semi-annually as the Board
of Educatiott m-iy determine.* The securities will be o f the
.1, filiation of 91.0GO rach, and will mature at the rate of
Si.ui.ii per annum from November 1. 1898 to 1918. inclusive.
Seattle, Wash.—Temporary Loan.—It is reported that this
city has sold the $18,404*81 of 8 per cent warrancs issued in
anticipation of the collection of taxes.

LO A N S .

NEW
j* :t ,0

0

0

, 0

0

0

S T A T E o f NEW YORK
3 Canalimprovement Bonds.
Comptroller ' s Office
1
Bureau of Ca n a l A ffairs , v
A lb a n y . March 27th. 1807. j
Per* ©ant. t© the provisions o f Chapter 79 o f Laws
of 1Y&S, proposal* will be received nt this ofllee until
T«e*Aay, the 20th day o f April, 1807, at 12 o’clock
totidmof that day for a loam o f

THREE MILLION DOLLARS
fo r which tn a ffe m b li certificates o f stock, regls.
tvrc4 or coupon bonds, at the option o f the proposer

Principal and Interest Payable in Bold
will be
in the name o f the People o f the State
of
York, on the etetfR of the Sinking Fund «at * s d t* h e a b y

ah id

s e t , b e a r in g lu terfrl a t th e tn U o f

thrff jut emtum prr annum, payable semi-annually
on the first,days o f January and July, and the prio­
ri!mi wtolfflnwWe on the first day o f January, 1912,
T h ose bond* a r c e x em p t from ta x a t io n pur­
suant, iff Chmior 8♦, Law« o f m t ,
ixiar h*' for the whole cr any part o f the
?*** wa Sr» than f-l.oofi, and should state whether
tvui*U'Tefi or mmp»m bond* are desired, and tuck
««<rt t*
by a certified check
fm >rt*‘ p#r *<ui* »*f the amount o f the proposal.
for the f«a** will bep*<i«lr«d to be rondo
ots the
o f the proposal by deposit in tho
lL«ik ni ibr- VfanbaUati Co, In the City o f Now York
tAf the orofW- o f **Treasurer o f the State o f Sow
on
o f Cana! Fund ** o f the amount o f
?.li« awwL together with premiuro and aecrttgd in*
To,. Comptrrdler r ^ -n y * the right be reject all
Lid* wbRij sre rod iti hi# opinion advantagCHiu* to
wfi,

<mth0 first day o f January*
he Rank o f the Manhattan

be si

All pr**p**m\
;f>«b>d gad fffidor*ed "Loan
nitcsweiiiiS;. ' ami diraciad Uj tho Comp©f Sim York. Albany. X. Y.
JjkMES A. ROBRKTB.
f|
Comt-SToUer.

E dw ard

I.

n v n i < ii* is ,

R o s u n te ld ,
s i :< i i t i t i k s .

IfIgttsf^rad*' W arrasif a Specialty*
Write for List.

So,

Broadway, New York,

NEW

fVOL. LX1V ,

Sevier County, Utah.— Bond Offering.—Proposals will be
reoeived until May 8, 1897, by H. P. Hansen, County Treas­
urer, for the purchase of bonds to the amount of §4,300.
Spokane, Wash,—Bond Election.—A. proposition to issue
§40,000 of bonds for the erection of an electric-light plant
will be put to a vote of the citizens of Spokane in May, 1897.
Syracuse, N. Y.— Bonds Proposed.—Water -works extension
bonds of Syracuse to the amount of §300,000 are under con­
sideration.
Tecumseh, O. T.—Bond Sale.—On April 10, 1897, bonds of
this city to tlie amount of $8,000 were awarded ro the Van
Burn Iron Works Oo. of Cleveland, O., at par. Three other
755 were received. The securitms will bear interest at the
bids
rale of 7 per cent, and the principal will mature M&v 1, 1912.
These bonds constitute the only debt of the city of Tecumseh,
On the same date contract* were awarded for the erection
of a Court-house to cost §34,500 and a jail to cost $8,000.
Tennessee. —Regarding Financial Condition o f the State.—
E. B. Craig, State Treasurer, has written the foliowing letter
to Governor Taylor, under date of March 3t, 1897, calling
attention to the unfortunate condition of the State Treasury,
in order that the State Legislature might provide a remedy
for the sam e:
“ That there will be a deficit in the treasury January 1,
1898, of from §600,000 to §700,000 I have not the slightest
doubt, If the rate of 30 cents is allowed to run on, by Janu­
ary. 1899, the deficit will be more than one million dollars.
Should the rate be placed at 25 cents, the deficit would not be
quite so large, but would be much larger than in 1898.
“ The Legislature cannot prevent this deficit January 1,1898,
but it can prevent its increase and provide a surplus to re­
duce it annually, The Legislature can, by its action, give to
the State credit upon which we can borrow money, and the
only way by which this credit can be given is by making the
tax rate sufficient to meet the obligations of the State. The
present rate will run us in debt deeper and deeper each year.
Should the Jarvis law prove not to be what its friends claim
for it, and should the penitentiary coat the treasury this year
as much as it did last year, a restoration to the old rate would
hardly be sufficient. How could the State go into the market
and ask for loans when her tax rate is not sufficient to meet
her current obligations ?

N E W LO A N S .

LO AN S.

§ 5 0 ,0 0 0

WE OWN AND OFFER

P E L H A M M A N O R , N Y.,
FOUR PER CENT
GOLD SEWER BONDS.
PROPOSALS FOR SEWIDR BONDS IN THE
VILLAGE OF PELHAM MANOR. N. T.
Sealed proposals will be received until May 1st, at
eight thirty o’clock p. M., at. which time, at the Trus­
tees’ Rooms of the Village of Pelham Manor, in said
Village, the said bids will be opened for the purchase
of
£ 5 0 ,0 0 0 F o n t PE R C E N T G O L D R O N D S,
or any part thereof, of the Village of Pelham Manor,
Westchester County. New York, authorized and is­
sued by the Board o f Sewer Commissioners of said
Village, pursuant to the provisions of the General
Sewer Act o f 11*80, and its amendments.
'* ho said bonds will mature in twenty years from
May 1st, 1897, the interest to be paid semi-annually
on May 1st and November 1st. at the office o f the
Knickerbocker Trust Company, New York. Said
bonds to be coupon or registered at option of pur­
chaser. The bids to he addressed to John H, Dey,
Treasurer, Pelham Manor, Now York, and to be
marked on envelopes “ Proposals for Sewer Bonds ”
Each bid mast be accompanied with a certified check,
payable to the order of said Treasurer, for two per
cent of the total amount of the bid. The right is
reserved to reject any or all bids.
Dated P elh am Manor , N. Y „ March 23d, 1897.
F. CARLES MERRY,
President.
Board of
JOHN C, IIAZEN,
Sower
Clerk.
CommiSBiouDIED RICH SCHM1DT,
WILLIAM R. RANDALL,
HENRY B. B. STAPLER,
JOHN H. DEY,
Treasurer of Village.

ers.

8 4 0 ,0 0 0

U N I O N , S. C.,

A lim ited amount o f

G-OLD b% BONDS
OF THE

METROPOLITAN
Street Ry. Co.
OF

Kansas City, Mo.,
D a ted M a y t , 1 S 9 5 ,

D u e 51 a y J, 1 0 1 0 .

Controlling tlie street railw ay traffic In K an­
sas City ancl suburbs, and operating under lon g
and favorable franchises.
W o have carefu lly esauiined Into the physi­
cal, financial and legal features o f this security,
and r e c o m m e n d t h e b o n d s as a safe and
conservative Investment.
Complete details fiirutglted on. application.

N. W. HARRIS & CO,
BANKERS,
1 5 W A D I. S T R E E T , N E W Y O R K .
BOSTON.
C H IC A G O .

W ANTEDState o f (4a., 4-J^s, long- dates.
State o f Ga., k|^s, long dates.
< ity o f Macon, Ga., (is.
( ity o f Savannah 5s.

6: Water Works & Electric Light
FOR S ALEBonds,
The Town of Union, S. C„ will sell Forty Thousand
Dollars o f Six Per Cent Bonds for Water Works and
Electric Lights. Those bonds are issued In accord­
ance with an Act of the General Assembly approved
March, 1800, *’ giving cities and towns permission to
i
bonds for Water Works and Electric Lights.”
BbL must be pent by May 20th, 1807,
To F. M. FARR. Chairman,
Union, 8. C.

Columbns, Ga.. 4}4s, 1927.
Jacksonville, Fla,, 5s.
Radford, Ya., 6s.
TA R T U T I .A K S ON A P P L IC A T IO N *

E D . A . R IC H A R D S & C 0 ,r
0 9 W A L L S T ., N E W Y O R K , N. Y ,

THE CHRONICLE

A p r il 17, 1697,]

771

Utica, N. Y.—Bond Offering.—On April 19, 1897, at 12
o’clock noon, J. A. Cantwell, City Clerk, will sell at public
auction, $27,612 85 of 4 per cent paving bonds. The securi­
ties will be dated as follows: $11,685 33, February 26, 1897;
$15,455 07, March 26, 1897, and $472 45 April 9, 1897. Interest
will be payable annually, and the principal will mature in six
equal annual instalments.
The indebtedness of Utica at the present time consists of
$96,390 35 of local assessment bonds, $176,833 32 of public im­
provement bonds and $300,000 of railroad aid bonds, against
which $200,000 of railroad stock are held, which pays 5 per
cent dividends. The assessed valuation for 1896 was: real
estate, $16,437,262; personal property, $2,613,826; total, $19,051,088. The population is estimated at about 55,621.
Waterlille, Me,—Bonds Authorized.—The officials of this
city have been authorized to borrow $20,00Q in amounts as
needed. The securities will bear interest at not over 5 per
cent, and the principal will mature six months from date of
issue.

“ Failure upon the part of the Legislature to restore the rate
means one of three things:
“ 1. Borrowing of large sums of money at a high rate.
“ 2. An issue of bonds at a high rate.
“ 3. Default. •
“ And this in the face of three facts:
“ 1. We have the lowest interest-bearing debt of any State
in the Union.
“ 2. We have the lowest tax rate of any State in the Union.
“ 3. W e are the cheapest governed State in the Union.
“ I will briefly compare our condition to-day with that of
one year ago : On April 1, 1896, we had a net treasury bal­
ance of about $325,000. To-day, after crediting the peniten­
tiary fund with $95,000, the amount erroneously charged to
new penitentiary account at Brushy Mountain instead of
maintenance of convicts, we have nothing on band. On July
1, 1896, we paid our interest and had about 25,000 left. Now,
how can we hope to pay our July interest this year with
$325,000 less to start on ?
“ In addition to the expenses of last year, we will have to
pay the balance of the cost of this session of the Legislature.
“ A serious condition confronts us. No Legislature ever
met in this State with greater obligations resting upon it.
They have it in their power to protect the honor and credit of
the State or to do that which may result in repudiation.
Very respectfully,
E . B. C r a i g , Treasurer."
The Legislature has acted on this suggestion in the revenue
bill just passed, which provides for a tax rate of 45 cents
instead of 25 cents, as was proposed.

Westfield, Conn.—Bonds Authorized. —Bonds of this place
to the amount of $30,000 have been authorized.
Wood County, Ohio.—Bond Sale.—This county has sold
$7,000 of 5 per cent bonds to Seasongood & Mayer o f Cincin­
nati, Ohio. Interest on the securities is payable semi-annually
on the first days of April and October, and the principal will
mature at the rate of $1,000 per annum from October 1, 1898
to 1904, inclusive.

White Sulphur Springs, Mont. —Bond Election. — A prop­
Trinidad, Col.—Bond Offering. —It is reported that pro­ osition to issue bonds for the construction of water-works
posals will soon be received by this city for the purchase of will soon be put to a vote of the people of White Sulphur
$297,000 of bonds, the proceeds of which will be used for the Springs,
purchase of water works.
Woonsocket, R. I.—Bond Offering.—Proposals will be re­
Union, S. C.—Bond Offering.—Proposals will be received ceived by this city until 2 o’clock P. m . April 2i, 1897 for the
until May 20, 1897, by F. M. Farr, Chairman, for the purchase purchase of $350,000 of 4 per cent funding bonds. The secur­
ities will mature May 1, 1937,
of $40,000 of. 6 per cent water-works and electric-light bonds
Veadon, Pa.—Bond Sale.—It is reported that this munici­
of this town.
pality sold the $10,500 of 4 }j per cent sewer bonds at 102'875.
The official advertisement of this bond offering trill befound The securities are dated April 1, 1897, and will mature in
elsewhere in this Department.
from ten to thirty years from date of issue.

N E W LOANS.

N E W LOANS.

^ rri.o o o
W K A N N & SCHLESINGER
F A L L R IV E R , MASS.,

42 30-Year Registered Pub­
lic Library Bonds.

M U N IC IP A L

DATED J A N U A R Y 1 , ISO*.
Interest Payable January aud J uly by
ail
Asse**ed valuation............................................ *09,280,P.i6
Total indebtedness ............................................. 4.aoy,I05
Wafer debt. ....................................... * 1.900,<X0
Sinking fund....................................... 84*0.000
2
------------- 2.790.000
Population. 100,000.
Fall River ranks nigh as a City o f the first-class.
It* financial condition is exceptional 1/ strong, the
net indebtedness being less than 2,*•£2 or it* assessed
valuation. A Sinking Fund to retire these bond* at
maturity ha* been created.
The bond*are unauthorized investment for Savings
Bank* and Estates in tbe^tatc o f .New York.
Legal opinion and oapers furnished.
Price* and part!onIurn on application.
Price* and Particular* on Application.
C .

H. W H I T E

CO

&
BAN K ERS.
7!i Broadway, New York.

E. H. ROLLINS & SONS,

BONDS.

1 9 M IL K
W A L L ST R EE T ,

NEW

YORK.

M

&

il l s

B lanchard,

M U N IC IP A L

BONDS

BOUGHT AND SOLD.
Devonshire
IB

3X PER CENT
GOLD BONDS.
DUB NOVEMBER 1st. 1910.
INTEREST PAYABLE JAN. 1st AND JULY 1st
Executors, Administrator*. Guardian* and others
holding trust funds ore authorized by an act of the
New York Legislature passed March 14,1889, to in­
vest in these bonds.
PRICE AND PARTICULARS ON APPLICATION

Rudolph

Kleybolte & C o

BANKERS
Northwest cor. o f Third and Walnut Street*,

CINCINNATI, O.
41 and 4 3 W a ll Street, New York.

B lodget, M e r r i t t & C o .,

BANKERS,
1 6 Congress Street, Boston.
S T A T E C I T Y & RAILROAD B
ONDS

.

.

STREET.
.

.

M ASS

BANKERS.

BANKERS,

,

Y O R K

BOSTON.

W . N. Coler & Co.,

State Street, Boston,

MUNICIPAL BONDS.
34 NASSAU STREET.

B u ild in g,
M ass.

CITY OF
N E W

L O A N S . ___

NEW

City of Boston, Mnwa., R pk.........................
City oi Cleveland, Ohio, Coop, or R e g ...4*
City o f Binghnmpton,N.Y.,C'oup. or R ck. I h
City o f New Bedford, M as*., Rea:...............4 *
Middlesex County, Man*., Coup................4*
A full description of either of these issues, with
price*, will bo mailed on application.

SAFE INVESTMENTS.
SEND FOR LIST

9

5

3

, 0

0

0

City and County Bonds.

Newtown, Queens Co., N. Y,, DIETZ, DENISON & PRIOR,

4? SCHOOL BONDS
OF U N 40N SCHOOL DISTRICT NO. 1.
Sealed proposals for the purchase of fifty-three
bonds of *1.000 each, bearing J per cent interest.
Bids to lie opened April 20th. 189?. For full particu­
lars apply to
F. DE HASS SIMONSON.
_
District Clerk.
Newtown. Oueens Co.. N. Y.

Chicago Drnlnage ....................................................4 ^
lie* illoltie*, la . (School)................................... 4
M uskegon , M ich ....................................................
A *lt In ud, W is . (Gold).......... ....................... $ n
W est Chicago St. R B . (Tunnel)................ 3 *
Fir*r. Mortgage.
F O R SALE BY

MASON, LEWIS & CO.,
31 State S t.,
BOSTON.

BANKERS.
1 ,1 La Salle Bt„
CH ICA G O .

35 CONGRESS ST R E E T , - BOSTON.
1 0 9 Superior Street, Cleveland O.

MUNICIPAL BONDS.
E. C. STANWOOD & C o /
BAN KERS,

121 Devonshire Street.
BOSTON.
L IST S SENT UPON A P P L IC A T IO N .

W . J. Hayes & Sons,
BANKERS,

DEALERS IN MUNICIPAL BONDS,
S t r e e t R a ilw a y

R o n d s , a n d o t h e r b la h -g r a d e in ­

vestm ents.

BOSTON, MASS.,
Cleveland, Ohio,
7 Kxchanae Place.
3 1 1 -3 1 3 Snperlor St.
Cable Address, "KENNETH."

772

THE

CHRONICLE.

[VOL. LX IV,

ISaukevs and lookers ©nt of % t m T(oth.
PHILADELPHIA.

PITTSBURG.

Donaldson Bond & Stock Co.

N. Holmes & Sons,
ST A H L & S TR A U B ,

BANK BBS.

P IT T S B U R G ,

PKXSi.

OORMSSPONDKNT8
Bant o f Rear York. N, B» A.
Pir*l NjUSdf'al Rank of Philadelphia.

»• I T T S B O B O ,

ST. LOUIS.
[E stablished 18«S,}

BOND AND STOCK BROKERS,

INVESTMENT BANKERS,

3d and Olive Streets,

118 S O U T H

F IF T H

STREET,

ST.

PA.

P H IL A D E L P H IA .

ISTABLiaaKB 1871.

N o , 57 F O U R T H A V E N U E ,

OWe4 riis-sbuPK Members N. Y. Stock Exchange

T . Mellon & Sons’ Bank,
P IT T S B U R G H , PA .
(lE M K U A L

B A N K IN G .

____

Bond

E.

W.

Clark

& Co.,

30 S P IN K S T R E E T .

M o. 13 9 S o u t li F o u r t h St.,

S T . L O U IS , m o .

P H IL A D E L P H IA .
Transact a general banking business. Allows
Interest, on deposits.
Members o f the Philadelphia and New York Stock
Exchanges, and connected by private wire with
New York,

How ards W h it a k e r ,

BOND AND STO CK B R O K E R S ,
3 0 0 N o r th F o u r t h S tre e t,

BANKERS AND BROKERS,

S T . L O U IS .

Members Phlla. and New York Stock Exchanges

1 1 3 -1 1 7 L A S A L L E S T R E E T ,

W. a . HOPPER.
H, 8. HOPPER
Members o f Philadelphia Stock Exchange.

C H IC A G O , ILLS.
Member, New York Stock Exchange, Chicago
ctock Exchange and Chicago Hoard o f Trade.

Jamieson & Co.,
STO CK S—B O N D S ,

Wm. G. Hopper & Co.,
STOCK AND BOND BROKERS,

28 South Third Street, Philadelphia.
Special attention given to PHILADELPHIA
STOCKS and INVESTMENT SECURITIES.
P. O. Box 1348.
Local telephone 100.

Member* New York and Chicago Stock Exchanges.
187

DEARBORN

STREET

C h i c a g o , I l ia ,

Prn rtfe wtre to New York and Philadelphia,!

Loeb & Gatzert,
MORTGAGE BANKERS,

SOUTHERN.

LA SA LLE

Seaso ng o od &

MUNICIPAL BONDS.

Irwin, Ellis & Ballmann,
BANKERS AND BROKERS.
D e a l in C i n c i n n a t i B o n d s .

Wilson, Colston & Co.,

Hew N o. 8 t Eawt T h ir d S t.. C in cin n a ti,O h io

Members of

v iw r

Exchange,

SI16 E a s t B a l t i m o r e S t r e e t . B a l t i m o r e .

J-P. ANDRE’ MOTTU & C0„

CIBOOBFORATMD)

C O M M E R C IA L P A P E R

ayer,

High-Grade City, County Town and School Bonds,
fsued in leading prosperous States o f the Union,
especially adapted for safe and permanent tavest»en for Estates and Trust Funds.

BANKS.

S T R E E T , C H IC A G O .

A . G. Becker & Co.,

M

S W . C o r n e r ’ T h lr d an d W a ln u t S treet*,
C IN C IN N A T I, O R IO .

W illiam W ilson & Sons, Established 1802.
W ilson. Colston & Co., .
"
1867.

Investment and Miscellaneous Securities a spec­
ialty, and whole issues handled.
Exceptional facilities for dealings in all classes of
KtrM Mortgages for sale In large and small amounts,
B^?sng investors 5, £$$ and 0 per cent, secured by Southern Bonds. Loans on Collateral Securities
Lo proved and income-bearing Chicago city property. negotiated.
P rin cip a l and In terest P a y a b le In G old .
CORRESPONDENCE SOLICITED,

Its

CINCINNATI.

PHILADELPHIA.

BANKERS AND BR O K ER S,

Charles H odomab .

Whitaker & Hodgman,

B O U R S E B U IU D IN G ,

A.. O. Slaughter & Co.,

Stock Brokers.

Street Railway Securities a Specialty,

Edward B. Smith & Co.,

CHICAGO__________

and

BANKERS AND BROKERS,

C O L L E C T IO N S ,

IN V E S T M E N T S

MO.

J. E. Crawford & Son.,

Whitney & Stephenson,
bankers and brokers

L O U IS ,

(D K E X K L B U IL D IN G ),

Investment Brokers,
NO RFO LK , V A .
SOUTHERN INVESTMENTS.

FIRST NATIONAL BANK
O F M IL W A U K E E .
C A P IT A L ,
SURPLU S,

.
.

.
.

.
.

.
.

S I ,0 0 0 ,0 0 0
8 2 0 0 ,0 0 0

Transact, a General Banking and Foreign Exchange
Business. Collections receive Special Attention.
OFFICERS
F. G. Bigelow , Pres’t.
P. J. Kip p , Cashier.
W m. Bigelow , V.-Pres’t. T. 23. Cam p , Ass’t Cashier,
F. E. Krueger , 2d Ass’t Cashier.

San Francisco.

1 5 i La Salle St,, Chicago, 111.

John W . Dickey,

MISCELLANEOUS.

BROKER,

The First National Bank

Ladd & Tilton,

AUGUSTA, GEORGIA.

O F SA X F R A X C IS C O , C A L .

HA N It K it8 ,

SOUTH ER N

S E C U R IT IE S .

PORTLAND, OREGON,
KSTABU isiiii) IN 1860.
Trauwact ** G e n e ra l

B an k in g

Buslncm*

Oou&vnonn o m a r spjktul attention .

S, D. Loring,
S3 S T A T E S T R E E T , B O S T O N .
PKAhXRin

Davenport & Co.,
B A N K E R S

A N D

XHTAJiXJSBUU)

Cprreipon de rice solicited and Information fu r .
uished about Southern state, Municipal anti Rail
road Investment Securities.

Reference-Bank »I Now York N. 1
3. A.

BANKERS AND BROKERS
State b a n k building

BANKERS,
2~> Exchange Street, Providence, B. I.
CommemaJ Paper, Bondi, Stocks sad
Local Securities,

(SoeccsHor o f N. 0 . Canal & Banking Co.)

1800,

C. W. Branch & Co.,

Richardson & Clark,

NEW ORLEANS, LA.

R IC H M O X H , V IR G IN IA .

B t r e r l U n U ’ t-n y B a n d * a S p e c ia lt y .

UuwARn L b* C9i*UK.

Canal Bank,

B R O K E R S ,

High-Grade Investment Securities.
JAM):* H im A U ij-/:;

UNITED STATES DEPOSITARY.
C a p ita l, * 1 ,3 0 0 .0 0 0 I S n rp ln *, 8 0 3 0 ,0 0 0
8 .9 . MtntFBY, Preildent, JAS. K. LYNCH, Cashier
j a m s MorriTT, V.-i'KM.. J. It. MOYMTR Ait. Cart
(Jenera] Banking BtuineM. Aooonnt* Soilolted.

H I € I I M O IS b ,

V A .

Private wires connecting with WtMhlwglon, Balti­
more, Philadelphia, New York, Boston and Chicago.
pew York Correspondents: Messrs. Ladenburg
Thai maim & Co. and Lehman Bros.

Austin R . Myres,
SAVANNAH, GA.
BOND AND STOCK BROKER.
Real Estate Loans.

C A P I T A L , 8 1 ,0 0 0 ,0 0 0 ,
J.

C. MORRIS,President. E D W AR D TOBY, V icePr«a. BOH A ll NnTT. Cashier.
Correspondents -National city Bank, National
Bank o f Ootnineroe, New Turk; Bom,men’s Bank
St ..m ils; N. W. National Bank, I IliCHJfOi Mer­
chants’ National Bunk,Boston.

Max B. Borg, BONDS
BROKER IN INVESTMENT SECURITIES
III B R O A D S T R E E T * » - N E W Y O R K .

A . Strass burger,
STOCKS & R O XD S B R O K E R
SOUTHERN INVESTMENT SECURITIES,!

Montgomery, Ala.
REGISTERED PRIOR LIEN BONDS