Full text of Commercial and Financial Chronicle : April 2, 1898, Vol. 66, No. 1710

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[Entered according to A ct of Congress, in the year 1898, by the W illiam b . D a n a Co m pany , in the offloe ol the Librarian of Oongreaa.

YOL. 66.

SATURDAY, APRIL 2, 1898.

3 P te

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Terms of Advertising.—(Per Inch Space.)

New Y o r k ..,..
P hiladelphia.
Pittsburg.......
B altim ore......
B uffalo...........
W ashington..
R ochester......
Syracuse........
S cra n to n ......
W ilm ington...
B ingham ton.

W I L L I A M B . D A N A C O M P A N Y , P u b lisn e r s,
P in e Street, C orner o f P e arl Street,
O f f i c e B o x 958.
NEW YORK.

CLEARING HOUSE RETURNS.
The follow ing table, made up by telegraph, eto., indioates
th at the total bank clearings o f all the clearing houses of
the United States for the week ending to-day, April 2, have
been $1,224,634,536, against $1,051,135,697 last week and $1,4)05,720,318 the corresponding week o f last year.
Cl e a r i n g s .
Returns by lelegravh.

Week Unding April 2.
1898.

1897.

Per Cent.

N ew Y o r k .................................
B oston —.............. ................. .
P hiladelph ia..............................
B a lt im o r e ___ _. . . . . . . . . . . . . . . .
C h i c a g o ......................................
St. L ou is .............. ................... .
N e w O rleans........
.........

$607,056,302
79,402,986
53,826,954
13,201,632
80,332,133
20,766,134
6,416,228

$461,370,843
79,743.633
49,829,437
12,294,596
69,100,697
18,110,629
6,080,851

+31-6
0*4
+80
+7*4
+16*3
+14*7
+5*5

S even cities, 5 d a y s _____
O ther cities, 5 d a y s........... .

$861,002,369
140,213,406

$696,532,686
124,618,947

+23*6
+12-5

T otal all cities, 5 d a y s . . . .
AU-oities, 1 d a y ____ . . . . . . ___

$1,001,215,775
223,418,761

$821,151,633
184,568,685

+21*9
+210

$1,224,634,536

$1,005,720,318

+21-8

T ota l a ll oities fo r w eek

1898.
*
611,833.204
.
61,239.543
.
I9,751,85{
•
13,559,572
.
3,639,889
1.756,013
1,414,287
974,300
838,367
.
711,811
301,40(
715,975,256

1898.
P . Cent.

$
606,924.772
52,915.159
14,982,0 a
12.539.028
3,397,148
1,506,054
1.138,294
823,782
803.575
694,82t
275,900
595,960,894

+20*7
+15-7
+31f
+8*1
+4'2
+12*3
+24*2
+18*S
+10 t
+19 3
+9 2
+ 20 1

1896,
«
485.144.163
58.208.281
14,068.433
12.02i.5K
3,463,13{
1,850.697
1,299 484
817,5/S
754.72(
631,69t
311,600
579,177,199

1896.
493.411,838
60,290,824
12.153,715
11.636.869
8.555,314
1.450.271
1.314,198
873,868
675 lOS
7Ì8Ì660
266.500
586,340,242

84,110,430
4,321,900
l,8r0,239
1,301,130
1.144.13C
1,165,5'2
1,184,35£
678,90k
654,997
472,284
90,899,896

85,142,612
4,ieo,0Ofl
1.955.785
1,321.781
1,106.234
1,189,303
1,029,995
068.228
604,424
309,062
97,607,024

—1-2
+ 3£
—4*t
—1*5
—1*8
—2C
+16 C
+1-5
+0C
+ 27 9
—0*7

76,960.339
75,719,406
4,800.90C
4,413.800
1,980.2JJ
1,674.771
1,091.973
1.181,113
1.238.641
1.153,647
1,234.573
1,126,292
l,C76,32t
1.019,480
844.055
597,218
650.99/
521,980
362,070 ____ 294,860
89,754,885
67,702,428

D e tro it...................
Cleveland...............
M ilwaukee.............
C olu m bus............ :
In d ia n a p o lis........
P e o ria ....................
T o le d o....................
Grand R a p id s .....
D ayton........ .
L e x in g to n .............
Kalam azoo............
A k ro n ................... .
Bay C ity................
R o ck fo rd ...............
Springfield, Ohio..
C anton...................
Youngstown*........
Evansville*............
T o t. Mid. W est’r

91660,929
10.7 «9,300
5,724,961
6,146.301
4,477,885
3.124.50C
2,080,794
1 450,001.
1,384.286
823,609
061,627
313,292
257,457
272.9U0
150 503
247,11C
253,912
175,272
252,158
762,043
129 939,800

08,046,345
10,268,450
4,600,254
5,183.129
3,720,887
3,592.000
1,777.841
1.270,165
1,267.307
565 070
533,450
229,854
231,541
230,934
153,8.0
207,031
132,167
146,449

+ 34 7
+4«
+24-8
+18*t
-f-iO'S
—13 0
+170
+142
+9 6
+45«
+22T
+30 0
+112
+ 18-3
—2*1
+19*3
+ 92 1
+ 19 7

75,769.203
10,833,600
5.053,106
4,752.735
3,806,050
3.412,700
1.982 5 li
1.930 488
1,238 834
695,4 t 6
657,001
278,387
864,640
101.200
202 894
229472
130.762
151,706

79,887,489
10.382,100

102,188,734

4,498,087
3 929,177
3187,500
1,009,458
2,053,155
799,660
821,519
208,987
160,013
173 003
135/680
• •*••••

+27*2

111,450.780

111,760,559

Spokane................. .
F argo................... .
S ioux F alls.............
T otal P aclfio......

12,570.829
1 359,433
1,577,126
1,264,569
435.494
862,906
1 427.179
724,518
179.601
107,034
20,504,748

+27*4
9,868,918
4-23 4
1,101,087
+ 864
846,126
+323
948,113
350,00o . -f24*4
418.939 +106 0
470,000 4-203 6
+62 7
474 866
+68 7
110.323
4l,7oS +150*6
+ 40 2
14,626,680

10,394.693
907,138
828.479
1,080.488
676.106
488.698
623,093
329.050
100,680
76,811
15,376,604

12.807,530
'982+08
1,087,873
1,053,320
557,65ft
528’ 140
450,628
342 844
90,222
00;s21
17,910,446

Kansas C ity...........
M inneapolis...........
Omaha......................
St. P a u l..................
D e n v e r....................
D avenport...............
St. Joseph ........... .
Des M oines............
S iou x C ity...............
L in c o ln ................. .
W ich ita ...................
T opeka.....................
F rem on t..................
H astings..................
T ot. o th er W est.

9,362,705
6.791.423
5.030.883
3,330.087
2 891,430
569.294
1.386.803
1,102,223
705.398
242.450
470,858
458.730
82,730
121.321
32,562,949

9,757 235
4 952.069
3,874 491
2.030,442
1,934,877
411,188
1,085,323
803,112
434 6 3
187.070
400,599
344,013
51,906
72,615
26,948,613

-4*0
+37 1
+30*0
+ i»5
+38*4
+23 2
4-37 2
+76'1
+29 6
+14-0
4-33*3
+59-4
+07-1
+ 208

8 812,521
4,901,355
4,143 548
8,332.010
2,274.579
1.509970
1,072.000
1,0< 1.390
500,084
219,275
436,614
397,909
45,699
50,309
28.679,735

9.550,299
4 841,f 84
3,271,249
3,059,725
2,136 021

22,937.197
0,806,750
4,801,308
2,027.700
2.000,000
1,405,613
1,898.823
1,063 8(6
986,07«
803,655
931,020
561,538
688,215
343.798
428928
247,272
216,807
221,921
448,000
49,983.417

+3*5
+12*9
+ 1 ’ *1
+32*1
+ 15 4
+80*7
—1*4
+20*4
+12 3
4-13*2
—2*9
+35 0
4-12*2
+46 4
+Ì6-1
+30 0
+7+
+30-2
+23*7
+ 10 5

49,265,346

48,510,879

887,296.302

+18*5

873.710.54>

8*9,347,187

380,370,690

+Ï5*5

388,560,385

385,932 349

8 567 247
5.535,307
1.214,822
1.031.933
603.859
400,982
17,414,150

+538
+53*5

8.008 539
5.002 849
1,002,403
983,160
520,550

8,558.008
4.787,268
946.246
601.910
493,771

10.177.000

15,357,193

San F ra n d so o ........
Salt Lake C ity...... .
P ortland................ .
Los A n geles...........
H elena....................
T acom a..................

Seattle...*............ .

The fu ll details o f clearings for the week covered by the
above statement w ill be given next Saturday. W e cannot,
St. L o u is..................
23,742.228
o f course, furnish them to-day, bank olearings being made New Orleans...........
7,085,604
L o u isv ille ... . . . . . . . .
5;623.131
up by the various clearing houses at noon on Saturday, and Galveston................
2,678.250
8.000.000
ou ston ..................
hence in the above the last twenty-four hours o f the week H
1.838.433
Savannah................
1.872.818
R ichm ond ................
have to be in all cases estimated, as we go to press Friday night. M e m p h is ....,..........
2.003.730
1,107,608
tlanta..............
W e present below our usual detailed figures for the pre­ A
977,402
Nashville...- ..........
908,099
orfolk....................
vious week, covering the returns for the period ending with FNort
760,837
W o rth .............
060,002
ugusta...................
Saturday noon, March 26, and the results for the corres­ A
60.3.324
B irm in gh a m .......
497.776
ponding week in 1897, 1896 and 1895 are also given. Con­ K n oxville...............
321,131
L ittle R o ck ............
231.143
trasted with the preceding week, there is a deorease J ackson ville..........
288.505
Chattanooga..........
554 000
*n the aggregate exchanges o f about two-hundred an<j M ooon........ .............
“ 55,252,889
T o ta l Southern.
thirty-seven million dollars, and at New York alone the
loss is one-hundred and seventy-four millions. In com­ T o ta l a ll............. 1,051,135,697
parison with the week o f 1897 the total for the whole ooun* Outside N. Y ork. 439,297,493
ontreal................
13,174,058
try shows an increase o f 18 5 per cent. Compared with the M
T o r o n to ........... .
8,497.604
1.250,000
week o f 1896 the current returns reoord a gain o f 20'6 per H a lifa x...................
W innipeg................
1 233 448
«cent, and the excess over 1895 is 19’5 per cent. Outside of H a m ilt o n ....,. . . . . .
579 387
New York the excess over 1897 is 15*5 per cent. The increase St. J oh n ...................
453 221
25,187.778
over 1896 reaohes 13*6 per cent, and making oomparison with
T otal C a n a d a ....
1895 the gain is seen to be 13*8 per cent.
" * N ot included in totals.




1897.

B oston ............
P roviden ce. ..
H a rtfo rd .......
N ew H aven. .
S pringfield....
W orce ste r.....
P ortland........
Fall R iv e r ....
L o w e ll............
New B edford.
T otal New E ng...

Transient matter................. $3 50 |Three Months (13 times)..$25 00
s t a n d in g b u s in e s s c a r d s .
Six Months
(26 “ ). 4 3 00
Two Months
(8 times).. 18 00 |Twelve Months (52 “ ).. 58 00
L o n d o n A g e n ts:
Messrs. E d w a r d s & S m it h , 1 Drapers’ Cardens, E . O ., will take sub­
scriptions and advertisements, and supply single oopies of the paper Chicago...................
Cincinnati..............
at Is. each.

P o st

NO. 1710

Week ending March 26.

© h c o u ic U .

T h b Q u o t a t io n S u p p l e m e n t
T h e I nvesto rs’ S upplem ent

=

+19*6
—4*1
-1*7
+ 44 0

19,488,158
10.205.405
5.020.927
2.080.030
1823.151
1.752.030
1.552,978
1.751.100
1.029.763
849,080
924.612
600.000
660,204
894,455.
404.200
281,8«
271.108
226,130

1,240,994
908,989
652,274
321.648
559.178
467,798
79,778
66,100
27,110,084
20,278,508
8,118.950
6.163,718
2,109,737
2,279,744
1 676 860
2 287.582
1.083,254
869,050
952.t89
990,007
478,796
560.C00
359,217
280,038
850.000
139,041

THE CHRONICLE.

636

THE FINANCIAL SITUATION
For many weeks public affairs have apparently been
drifting towards actual hostilities "with Spain. Under
this development general business, except in those
branches directly or indirectly stimulated by the de­
fensive preparations of the Government, has been con­
currently contracting. Not only have we had evidence
of that proclivity at our Stock Exchange, where trans­
actions and values have been on the decline, but en­
terprise and trade at this centre and in most sections
and departments throughout the country have disclosed
the same disposition. Even clearings, always late
in reflecting a shrinkage in the volume of business,
have given a conspicuous notice of the contraction
in progress. The figures for last week showed the
smallest total for a long time, smaller than any week
this year and smaller than any week since July 31
1897. That aggregate for all the cities reporting (and
it reflected a full week without a holiday) was only
$1,051,135,697 against $1,285,143,396 the week ending
March 19, and $1,468,464,118 the first week of March
(that is the week ending the 5th of that month) and
$1,380,377,240, the average clearings for all the weeks
previous to last week since the first of January
1898.
Such results indicate the direction in which affairs
have recently been moving and suggest the reasons
for it. The early part of this week there was a
change and in some respects a marvelous one. Last
Saturday certain leading houses on the Street with
close European connections had information that the
negotiations in progress between the United States and
Spain had assumed a more promising aspect. Monday
rumor had it that an agreement, and, indeed, that an
actual settlement of differences, had been reached.
Under the influence of these reports, the buying of
stocks, which had, as stated, begun on Saturday be­
came on Monday extremely active, and in the effort to
cover by those who were short of the market prices
rose in cases 2, 3, 4 and even 10 points. Since then
the market has been highly sensitive and values have,
as a consequence, grown less stable, fluctuating ac­
cording as the rumors afloat have favored or dis
favored a settlement between the two countries.
These events afford a forcible demonstration of the
actual condition of our industries to-day. We might
add to the recital and so present with greater emphasis
the striking character of the crisis. But the facts re­
called furnish conclusive evidence that every influ­
ence has been, and even now is, tending strongly
towards a term of decided prosperity, and that the
Cuban disturbance, and it alone, has arrested the
movement and checked enterprise. The trend is thus
again clearly towards the old mire through which we
have been so long struggling and out of which the
splendid crops of' breadstuffs raised last season and
the high prices secured for them were rapidly lifting
us. Of course if our cause for which wre are about to
sacrifice so many lives and such large interests is just,
and the war now in view is entered upon in obedience
to the requirement of a high moral obligation, then,
although it be true, as General Sherman declared,
that “ war is h-e-1-1,” the fact that it calls for a sac­
rifice of material interests is a matter of no moment.
We simply want to ask our readers whether it does
not become us as followers of Him who said blessed
are the peacemakers—does it not become this great
Christian nation in its intercourse with other States—




rvoL,

l x "vi

to have in evidence the highest standard when
dealing with one’s neighbor and to compel peace
whenever it is compatible with justice? On sub­
sequent pages we give in full to-day a letter
of former Minister E. J. Phelps to Mr. Levi
P. Morton, published in the “ Herald” of Tues­
day. We hope every one of our readers will study
the letter closelyl It will, we think, serve to enlighten
the public conscience. Of course we all understand
that material interests, as already said, are a very
minor consideration. Y et they come up prominently
in the events of the week, so that if Mr. Phelps is cor­
rect in his conception of the rights at issue (and who
is a better judge of such matters) business interests
can well be urged as a timely subject— a part of the
general question. Shall we make a sacrifice for peace,
or shall we make a sacrifice for war?
The announcement that Chauncey M. Depew is to
retire from the Presidency of the New York Central
and is to be succeeded by S. R. Callaway, at present
the President of the Lake Shore & Michigan South­
ern, marks an important step in the management of
the Vanderbilt properties. The move seems a natu­
ral one. Under the consolidation of the Central with
the Lake Shore, not only has the mileage of the
system been extended, but new duties and new re­
sponsibilities have been imposed upon those charged
with the executive management of the property. The
probable merger of the Michigan Central in the same
system will add still further to the work of the chief
executive. Under these circumstances it is very de­
sirable to have as the head of the consolidated lines a
man who has had practical training in the railroad
world, and who in other respects is so well qualified
for the position as is Mr. Callaway. A t the same time
it is a happy arrangement to retain the services of Mr.
Depew, who has been identified with the Vanderbilt
properties for so many years, and whose name and
fame reach so far and wide. In becoming Chairman o f
the Board of Directors of the various companies com ­
posing the Vanderbilt system—the New Y ork Central,
the Lake Shore, the Nickel Plate and the Michigan
Central— Mr. Depew steps into a higher place and one
which he is peculiarly well fitted to occupy. His duties
will be less onerous and he will be relieved of the
direct management of the properties, this function
passing to Mr. Callaway; acting thus chiefly in an ad­
visory capacity, he will be able in that way to give to
the properties the full benefit of his experience
and judgment.
The retirement of Mr. Cornelius
Vanderbilt from participation in the manage­
ment of the roads is, of course, matter for
deep regret. He gave more of his energies to
the affairs of the lines than is generally supp sed..
His influence was always exerted in the right way,
a rid was felt in many directions, as was that of William
K. Vanderbilt, who is now understood to be the guid­
ing spirit in the affairs of the various Vanderbilt lines.
It is believed some other changes of officials are con­
templated. The purpose evidently is to prbvide the
unified system with a corps of men who will be able tooperate the property with absolute economy and effic­
iency, and in full accordance with m odjrn methods.
The Pennsylvania Railroad statement of earnings
for February has been issued this week. The gains
over last year may be considered rather moderate, but
the return, all things considered, makes a pretty good
showing. In the first place, the rate situation, as sq
often pointed out in these columns, was very unsatis-

A pril 2, 1848. j

THE CHRONICLE.

factory. If the trunk lines had been able to obtain full
schedule tariffs their reports of earnings would undoubt­
edly show very much larger gains than are actually
disclosed. The Pennsylvania Railroad, as we all know,
ls not a rate cutter. A t the same time rates have
been becoming so demoralized that the principal lines,
which never lead in the movement, have been forced
in self-protection to meet the cuts made. It is also
well to remember that if the gain in earnings the pres­
ent year is comparatively light, so was the loss last
year in February light.
For the month the im­
provement this year is $313,300 in gross and
$65,700 in net on the Eastern lines, and $337,000 in
gross and $40,700 in net on the Western, making to­
gether $680,300 in gross and $108,400 in net. Last
year the result was a loss of $343,600 in gross, with
an increase of $190,800 in the net. The following
furnishes a comparison for the Eastern iines for a
number of years.

637

Grande reports gross of $566,716 against $435,953 last
year, and net of $219,082 against $166,501.
That there has been an enormous liquidation of
speculative accounts in the stock market is indicated
by the changes in loans of the banks since the disaster
to the Maine. On February 19, the week the disaster
occurred, the banks reported average loans of $646,915,200, the highest on record. Though very many of
these loans were upon exchange collateral there musthave been large amounts on stock security, and liqui­
dation of both exchange and stock loans steadily fol­
lowed. Last week’s bank statement showed a reduc­
tion in the loan account to $600,168,400, a loss
since February 19 of $46,746,800.
The liquidationof loans upon sterling collateral materially helped
to induce the sharp decline in exchange whichhas resulted in the large imports of gold. The move­
ment hither from Europe has been almost .continuous
since the last week in February, the arrivals contributing
to an increase up to the end of last week of
LIXU9 BAST o r
1888
1897.
1896.
1895
1391
1893.
P it t s b u r g .
$L9,925,000 in the specie holdings of the banks.February.
$
$
1
* ....
$
v ? .....
Gross earnings...... 1,828,631 1,183,231 1,616,034 1,119.631 1,002,320 5,127,038 This week there have been further arrivals, making
Operat’g expenses. 3,170,133 3,192,833 3,522,933 3,270,733 2,876,603 3,890,678 the total since the present movement began $29,158,Net earnings... 1,358,101 1,293,101 1,123,101 1,118,901 1,125,720 1,236,360
400. The amount still afloat is about $11,376,600,
Jan. 1 to March 1.
Gross earnings...... 9.918,705 9,211,905 9,639,805 9,097,905 8,162,119 10,050,281 including the shipments to-day but not including the
Operat’g expenses. 7,100,707 6,8 >2,30 7 7,172,907 6,967,607 0,1:1,923 8,313,619 amount afloat from Australia. The details of this gold
Net earnings... 2.511,90S 2.119.598 2.168,81^8 2 130,298 1.710,276 1.738.665
movement we give below in this article. The dis­
We have also had statements for February for quite aster to the Maine also led to an inquiry for cu r­
a number of other roads. A feature in several cases rency by banks in the interior, and these with­
is a tendency towards increased liberality in the mak­ drawals will in good part account for the loss
ing of expenditures. Thus the Burlington & Quincy, since the week ending February 11 of $33,165,800with $370,254 increase in gross, has $304,120 increase legal tenders. Deposits in this interval have been re­
in expenses, leaving only $66,134 increase in net. The duced $53,033,300. The New York banks are now in
Milwaukee & St. Paul, with $274,921 gain in gross, a strong position, The specie, at $136,289,600, is at
has only $4,273 gain in net, and the Wabash, with about the highest point on record, and notwithstand­
$89,953 addition to the gross, actually has a small loss in ing the reduction in legal tenders the cash holdings of
the net. The Pacific road3 have strikingly favorable the banks are $2,271,100 above the maximum last year.
returns. This applies to both the systems on the Gold holdings are so large that the banks are now pay­
north and those on the south. Thus the Southern ing at least 40 per cent of their clearing house bal­
Pacific has ho less than $918,656 gain in gross and ances in this metal, and the payments of gold for cus­
$608,832 gain in n e t; the Oregon Railway & Naviga­ toms are averaging about 10 per cent of the total daily
tion Company $240,298 gain in gross (nearly 100 per receipts.
cent) and $86,235 gain in net, the latter consider­
Money on call loaned at 1^ and at 1^ per cent on
ably over 100 per cent; and the Canadian Pacific Monday. On the following day transactions were at
$222,503 increase in gross and $38,844 increase in net.
1^ and at 2 per cent, until late in the afternoon, when
The anthracite coal roads disclose results much like there was a sudden advance to 3£ per cent, in conse­
those noted on some previous occasions. They show quence of calling in of loans by some of the banks
improvement in net on their coal-mining operations, preparatory to April settlements; but the rate fell to
because of the diminished amount of coal mined. 2 per cent at the close. On Wednesday loans were at
Their profits, as is known, come chiefly from the tolls 1£ and at 2 per cent, closing at the first-named rate. On
received for the carrying of the coal. The mining Thursday the range was from 1\ to 4 per cent, closing
operations very frequently record a loss, and this at 2 per cent, with the bulk of the business at 2\ per
loss is apt to increase with the expansion in the cent. Friday loans were from 2% to 5 per cent. The
amount of coal mined. Tue Reading Coal & Iron average for the week has been about 2 f per cent,
Company in February last year, with gross rev­ moderate amounts loaning at the extremely high
enues of $1,510,195, had expenses of $1,643,314, show- rates. Banks and trust companies have loaned at
ing a loss from mining of $133 119; this year? 2 per cent as the minimum, some obtaining
with gross of only $1,444,423, the loss from mining 2 per cent. There was little disposition manifested
was but $27,840. So in the case of the Lehigh Val­ early in the week to loan on time, even at 5@ 6 per
ley Coal Company; last year, with gross of $1,214,256, cent for all periods, in view of the uncertainty re­
the loss from mining was $34,108; this year, with garding the situation, but after the middle of the
gross of $1,192,572, the loss is only $19,035. As far week there were more liberal offerings by the trust
as the railroad operations of these two companies are companies, and rates fell to 4@4^ per cent for sixty
concerned, the Reading shows a small loss in both daysi and 5@ 6 per cent for longer periods on good
gross and net, but the Lehigh Valley has $120,135 Stock Exchange collateral. On Friday rates were
gain in gross and $118,192 gain in the net. Some of nominally 4 to 6 per cent, with no transactions..
the Southwestern roads have very good exhibits this Though some business is doing in choice names, the,
time. The Atchison has added $608,648 to its gross commercial paper market is quiet, and rates are 5 p er.
and $190,564 to its net, while the Denver & 'oRio cent for sixty to ninety day endorsed bills receivable,




638

THE CHKONICLE.

[V H u u

S£@6 per cent for prime and 6£@7-£ per cent for good Hoffmann & Co., $365,000 ; Lazard Freres, $1,500,000 ;
J. & W. Seligman & Co., $260,000 ; Kidder, Peabody
four to six months’ single names.
There has been more or less political tension in & Co., $500,000 ; Produce Exchange Bank, $550,000 ;
Europe this week resulting from the aggressive atti­ to order, $1,901,900. Total for the week, $9,233,400.
tude of Russia in China, but this has not been re­ Previously reported, $19,925,000. Grand total, $29,flected on the London market. The parliamentary 158,400. Remaining in transit, $11,376,600.
The range for nominal rates of exchange on Mon­
elections in Spain on Sunday resulted in the success
day
was from 4 81£ to 4 82 for sixty day and from 4 84£
o f the Sagasta Party, the report being that the liberals
obtained 300 of the 432 seats in the Chamber of Depu­ to 4 85 for sight, and there was no alteration in the
ties. The Bank of England minimum rate of discount range for the remainder of the week, though Heidel
remains unchanged at 3 per cent. The cable reports bach, Ickelheimer & Co. and Lazard Freres advanced
discounts of sixty to ninety day bank bills in London their posted figures on Thursday. The market was
2$ per cent. The open market rate at Paris is 2 and weak on Monday, influenced by a pressure of carried
at Berlin and Frankfort it is 2% per cent. According bills, and also by offerings of security bills against
to our special cable from London the Bank of England purchases of stocks, and there was a light demand
lost £927,000 bullion during the week and held until the afternoon, when there was a recovery, due to
£32,464,048 at the close of the week. Our correspon­ some buying against gold imports, and the tone was
dent further advises us that the loss was due to steadier at the close. Rates for actual business were
•exports to the United States of £486,000, to £611,000 one-quarter of a cent lower compared with those at
net sent to the interior of Great Britain and to the the close on Friday of last week, at 4 80^@4 80f for
import of £170,000, of which £160,000 were from long, 4 83£@4 83£ for short and 4 83f@ 4 84 for cable
transfers. Some short bills were sold during the day
Austria and £10,000 from China.
The foreign exchange market was quite weak on as low as 4 83 and a commission. There was a rally on
M onday; later it partially recovered and became the following day in consequence of less liberal offer­
steadier. Bankers report a very light demand from ings, and the market was steadier at the close at an
.mercantile remitters, and the inquiry for covering gold advance of one-quarter of a cent to 4 80f@ 4 81 for
importations seems to have been pretty fully met by long, 4 83|-@4 83f for short and 4 84@4 84£ for cable
offerings of maturing carried bills, of which large transfers. On Wednesday the tone was firm at an
amounts are now falling due. As the demand is small, advance of one-quarter of a cent, for short and for
rates have yielded on slight pressure, and after the cable transfers, to 4 83f@ 4 84 for the former and
offerings have been absorbed the market has become 4 84^@4 84£ for the latter, while long was unchanged.
dull, without much undertone of strength. Grain There was then a good inquiry for cables in conse­
drafts have been plentiful this
week,
and quence of the semi-monthly settlement in London.
options for comparatively large amounts of these bills On Thursday there was a further advance of one-quar­
.and also of carried bills have been sold, deliverable early ter of a cent in cable transfers, to 4 84^@4 84f, while
in April.
Some cotton drafts are coming forward, long and short bills were unchanged, and the market
though, in small amounts. Arbitrage bills against was quiet and steady at the close. On Friday the
stocks were liberally offered on Monday, but later market was dull, with an uncertain tone, closing weak
in the week the supply of these bills fell off. Engage­ at a decline of one quarter of a cent for short and
ments of gold in Europe for shipment hither con­ cables, to 4 83i@ 4 83f for the former and 4 84^@4 84£
tinue, though the price of American gold coin has for the latter. The following shows daily posted rates
advanced. The amount of gold engaged on Saturday for exchange by some of the leading drawers:
was $640,000; on Monday, $905,000; on Tuesday,
D A IL Y POSTED R A T E S F O R FO R E IG N E X C H A N G E .
$4,475,000; on Wednesday, $1,325,000; on Thursday,
Fr i ,
M o n .. TDES.
W ï S .. T h itr .. F r i .,
j Mar. 25 Mar. 28. Mar. 29. Mar. 30. Mar. 31. Apr. 1.
$1,000,000, and on Friday, $400,000, making a total
81«
81«
81«
61«
days.!
S I«
81«
for the week of $8,745,000. The engagements since Brown Bros........ i(60
84«
84«
84«
81«
Sight...
81«
81«
82
82
82
82
62
82
60 days,
the beginning of the movement have been as fol­ Magoun. & Co.. 5t Sight...
85
85
85
85
85
85
82
62
82
82
82
lows: National City Bank, $7,870,000; Heidel- Bank British (6 0 days. 82
F5
85
85
►5
85
85
No. A m erica.. ( Sight...
82
82
82
bach,
Ickelheimer & Co. $5,250,000;
Kuhn, Bank o f
82
82
82
160 days.
85
85
85
85
86
85
M ontreal........ (Sight...
Loeb & Co., $4,000,000; Ladenburg, Thalmann Canadian Bank (60 days. 82
62
82
62
82
12
85
85
85
86
85
85
o f Commerce.. 1 Sight....
& Co., $2,500,000; L. von Hoffmann & Co., Betdelbach, Ick- $60 days 8 1 «
82
81«
62
81«
81«
85
84«
85
84«
84«
Sight....
$3,150,000;
Lazard
Freres,
$6,000,000; Guar- elbeim er & Co \(60
81«
82
days.
82
81«
81«
8
1
«
Lazard Freres.. \ Sight....
85
84«
84«
84«
85
84«
aranty .Trust Co., $1,125,000; Chicago banks, $1,300,- Merchants’ Bk. 160 days. 8 1 «
81«
61«
81«
61«
81«
84«
<Sight....
85
1 84« 1 84«
84«
8
1
«
o
f
Canada......
000; Hallgarten & Co., $250,000; J. & W . Seligman &
Co., $2,050,000; Blair & Co., $250,000; Produce Ex­
The market closed weak on Friday. Rates for ac­
change Bank, $650,000; Kessler & Co., $500,000; tual business, 4 80£@4 81 for long ; 4 83^-@4 83f for
Kidder,
Peabody & Co., $1,100,000;
Fourth short ; 4 84^@4 84^- for cable transfers. Prime com­
National Bank of, Philadelphia, $430,000; Muel­ mercial, 4 80J@4 80|-, and documentary 4 79f@ 4 80f.
ler, Schall & Co., $1,000,000; Kountze Bros., Cotton for acceptance, 4 80^@4 80|- ; cotton for pay­
$125,000; Bank of British North America, $1,- ment, 4 79f @ 4 80, and grain for payment, 4 80^(<|
000,000; Baring, Magoun & Co., $1,000,000, and 4 80f.
to order, $755,000.
Total, $40,535,000, exclusive
The following statement gives the week’s movement
o f $3,500,000 reported to be afloat from Australia and 01 money to and from the interior by the New Y ork
now nearly due at San Francisco, of which $500,000 is banks.
consigned to the Bank of British North America. The
N et Interior
Received by Shipped by
Week Ending April 1,1898.
arrivals during the week have been as follows : Na­
Movement.
V. 7 . Bank». N. T. Banks.
$4,374,000 $9,163,000 Loss. $4,789,000
tional City Bank, $2,662,500; Heidelbach, Ickel306,000
522,000
828,000 Loss.
lieimer & Co., (341,000; Kuhn, Loeb & Co., $500,
L088.$5,095,000
$4,896,000 $9,991,000 1
T otal gold and le g a l tend ers —
$00; Ladenburg, Thalmann & Co., $353,000 ; L. von




A pril 2, 1898.]

THE CHRONICLE.

for war and that the “ peace party ” is an inconsidera­
ble
minority. It is not at all strange that such a be­
Into
Out o f
Net Change in
8
Week Ending A pril 1, 1898.
Banks.
B inks.
Bank Holdings.
lief should exist. The nearer a crisis of this sort ap­
Banks’ in terior naovement,as above $4,896,000 $9,991.000 Lo 8. 5,095,000 proaches the louder becomes the outcry of the faction
-8ab-Treaa’y opera’s & gold im ports . 27,800,000 22,200,000 Gain. 5,600,000
demanding instant and violent action in the crisis. It
T otal gold and lega l ten d ers....... $32,696,000 $32,191,000 Gain. $505,000
becomes, if we may so describe it, the fashion to ap­
The following table indicates the amount of bullion prove of war. As in all such instances, there comes a
in the principal European banks this week and at the time when the most violent leader gets the widest hear­
-corresponding date last year.
ing; when the extremist believes himself to be the only
mouthpiece of genuine public sentiment, and when,
April 1, 1897.
March 31, 1898.
Bank of
Gold.
Silver.
sometimes, the confidence and arrogance of these ex­
Total.
lotai.
Gold. I Silver.
&
F
| £
£
£
tremists rise to such a pitch as to shake the confi­
S n p r l a n d . 32.461,048]
| 32,464,043; 39.342,455
39 342,455
dence
of conservatives themselves and throw them into
«Trance....
j 74,495,039 48.723.8-3 123,218,962 76,735.858 49.073,349 125 809,207
G erm any*.... 32,172,000 13,574,000 4®,7J6,000j 29.417,550 14,631,0001 43.048,550 a despondency which may lead to relinquishment of
Aust.-Hung’y, 86,643.00ojl2,540,000 49,li-3.COoj 31,011.000 12.627.000 43 638,000
•Spain.............
9,625.000 10,830.000 20.485.000j 8,5 8.000 10.770.000 19,(98,000 effort.
N etherlands.! 2,767.00oj 6,947 000 9,714,000 2,632,(00 7,014 000 9,646,060
We have come very close to such a situation this
Nat-Belgium* 2,779,000 1,390,OOOj 4,16.4,000* 2,783.333: 1,391,667 4,175,000
Tot.thls week 190.945,117 97,034,893 287.980,010 189,450,196 95.507,016 284,957,212 week, and yet this apparent change of public senti­
T o t .p r e v w ’k 1'<2 323.«a4 '‘6 949.487 ?80,273,-11 192.766 115 96,917.660 2 9 683,775
ment to an overwhelming demand for war is in very
* The division (betweeu sold and silver) given ia our table of coin
Once plunged into war,
and bullion la the Banh of Germany and. the Banh of Belgium is mad e large measure an illusion.
irom the best estimate we are abie to obtain; in neither case is it
•elaimed to be accurate, as those banks make no distinction in their the citizens of a State endorse and approve, through
weekly returns, merely reporting the total gold and silver, but we oe
force of circumstances, for an apology if for nothing
■tleve ihe division we make is a close approximation.
Note .—We receive the foregoing results weekly by cable, and while better, the passions which otherwise might have been
not all of the date given at the head of the column, they are the re
turns issued nearest to that da te-th a t Is the latest reported ttgures.
the sentiment of a day. But with the nation held
back from the irrevocable step, everyone knows what
CONGRESS, THE P R E SID E N T AND THE
happens. Nothing at Washington, this week or last,
WAR SENTIMENT.
has compared with the violence of the Venezuela out­
Undoubtedly the week which closes to-day will go break in December 1895. The telegrams from con­
down in history as one of the most critical periods on stituents urging instant action, of which we have
•our national records. Beginning with the inflam­ heard so much this week, wete quite as abundantly in
matory outbreak in Congress in behalf of war, it is evidence when Congress was flinging down the gaunt­
moving, as we go to press, into a position of extreme let to the surprised and perplexed G-reat Britain. The
diplomatic tension. On Congress primarily rests the reader will scarcely have forgotten with what a blaze
Tesponsibility of acting with ju st deliberation, or of the “ war-talk” flashed np then in press and popular
hurrying the nation into war under the spur of a day’s discussion, and how quietly it vanished, within a fort­
■excitement; and the responsibility is as grave as any night, into smouldering embers. The critical danger
ever incurred by a legislative body.
always is that such unreasoning outbursts may he fed
The high question of State policy which has hung with fuel by designing leaders until all bounds are
in the balance during this exciting interval has broken and it is too late to stop. From this peril,
involved very much more than the problem of very imminent on more than one occasion this week,
Cuban independence.
As the Administration at the President’s firmness, good judgment and tact have
"Washington and the more thoughtful of our citizens been the nation’s one protection.
in public and private life have fully recognized,
Very high recognition ought to be made of the
■the declaration of war on Spain at the present President’s attitude in this trying period. It was pos­
juncture would mean that the United States had sible for an Administration to leave the hot-headed
reached a parting of the ways in its national career leaders to their own devices and quietly accept the
and had chosen the road which led no one knew consequences, which was Polk’s policy on the eve of
whither. The possible influence on our future of the war with Mexico. It was possible, while opposing
such a move, whatever its immediate purpose or ex- war which might become inevitable, to neglect the
-cuse, is so great as to be startling and alarming to all proper preparations for defense, and thus leave the
who seriously contemplate it; nor are the conceivable nation, as happened under Mr. Madison in 1812, to be
-consequences less important from the fact that the driven into a war for which it was not in the slightest
nation would in the event of such decision enter a degree prepared. Mr. McKinley has avoided the
foreign contest with the armanent and resources of a possibility of either blunder. He has negotiated skil­
first class military State. For the first time in our fully for peace while making ready for the possibility
national history we should be involved in a foreign of war, thereby placing the nation .in a situation
war of aggression, waged, not by militia, hut by a where a settlement could be made without reproach
regular armament. How long a step this would be in of cowardice, and where readiness for war was turned
the direction of Europe’ s “ armed camp” and bellig­ into the most potent diplomatic argument for peace.
erent diplomacy it is scarcely necessary to point out.
The situation has necessarily been influenced in
We have said that the Administration fully recog­ large degree by the report of the Court of Inquiry
nizes this exceedingly grave aspect of the situation. on the Maine explosion. This report was completed
We have no doubt that Mr. McKinley and his advisers early last week, delivered to the President on Friday
have recognized something else— the fact that sober and submitted to Congress last Monday, and its sub­
and weighty public opinion throughout the country is mission to the Senate was the signal, as had been
opposed to war except as a last and absolutely inevita­ expected, for inflammatory speeches and resolutions.
ble recourse. We are aware that in the judgment of It has been very generally assumed— no doubt be­
most people the “ war feeling” has spread with great cause of the long suspense over the actual decision of
Tapidity during the past two weeks. There are people the Court—that this report settles the problems in­
who will assure us that the nation as a whole is calling volved in the Maine explosion. A good many people
Result with Sub-Treasury operations, etc.




640

THE CHRONICLE.

[Y o u L X y i.

have gone further and have concluded that the Court’s thinks, that before inflicting punishment the only
findings are a distinct indictment against the Spanish formal body to whose judgment the ease has yet "been
Government. We are wholly unable to agree with submitted should first fix responsibility, and he at­
Buch conclusions. The three important statements of tempts to defend this monstrous supposition by ap­
the Court of Inquiry are summed up in the following pealing to what he chooses to regard as a chain of
circumstantial evidence, convincing him that the
paragraphs:
“ The Court finds that the loss of the Maine, on the Spanish Government was guilty. That is to say,
occasion named, was not in any respect due to fault or the official Court, after examining all availablenegligence on the part of any of the officers or mem­ witnesses, cannot reach judgment on this phase
of the question; but Senator Mason, who is not
bers of the crew of said vessel.
“ In the opinion of the Court the Maine was de­ in a judicial attitude, who has examined no witnesses,
stroyed by the explosion of a submarine mine, which not only pronounces judgment but is resolved instantly
caused the partial explosion of two or more of her for­ to impose and execute his sentence. This is not the
doctrine of Illinois, which sent the honorable Senator
ward magazines.
“ The Court has been unable to obtain evidence fix­ to Congress; it is neither the doctrine nor the instinct
ing the responsibility for the destruction of the Maine of the enlightened United States ; it is a breath of
lawlessness and desperado rule.
upon any person or persons.”
We are p rfectly well aware that this sort of argu­
The essential part of the verdict, as rendered, is
that the explosion came from outside agencies, and ment, if it may be dignified by such a name, is famil­
that the Court’s “ opinion” —not, it will be observed, iar to discussions of a question of international war..
its “ finding” — is that a submarine mine was the in­ The public man who insists on fighting first and
strument of destruction. Let us see where this leaves finding a proper reason afterwards is no more unusual
the case, in the light of common justice. The Court a figure on such occasions than the editor who de­
thinks, though it does not know, that the vessel was mands war in order to “ strengthen the national char­
destroyed by this particular device. It has no con­ acter,” or the contractor who, when war is once
clusive proof, however, that such a mine existed, and declared, imposes rotten supplies on the commissaries
it frankly declares that it has no evidence whatever as with impunity because of his great political services to
to the culprit or his method of operation. On the the Government. These types of public spirit have
basis of this report a number of our Senators have pub­ been as conspicuous in every war for two centuries past
licly announced that they are resolved to force a as they have been, or would be, in a war between the
United States and Cuba.
declaration of war on Spain.
Two of the most remarkable achievements of our
But if we are to attack Spain because of the de­
struction of oar battle-ship it must be because we time have been the stimulation of a public sentiment
think the Spanish Government the guilry party in which looks on international war not as an amusement
that episode.
It will not do to say that we hold or a profitable source of glory, but as a horrible and
Spain responsible because the explosion happened in a last alternative ; and the invention of such perfected
Spanish harbor, and because its Government owes it instruments of war that the fearful possibilities of the
to every visiting ship to protect that ship from attack struggle appeal to the most callous soul. The dread
while anchored in such a harbor. A legitimate prob­ and hatred of war which is the honor of our genera­
lem is no doubt involved in these considerations, but tion is not alone an echo from the pulpit or the
it is a problem which must first, under the common philanthropic bureau; it results directly from the
rules of law and decency, be submitted to diplomatic maxims set forth by our own greatest generals. Men
conference and argument. If it were to be made the like General Grant and General Sherman, who saw
basis of an immediate declaration of war, then the the worst of war and founded their own reputations in
Collision of a foreign warship with an American mer­ the midst of it, are authority for the strongest expres­
chantman in New Y ork Harbor would equally be a sion of detestation for the system. The President of
basis for hostilities; or, to take a diff rent illustration, the United States, who has been hounded and black
the lynching of Italians in New Orleans, in 1891, guarded by the jingo faction because he wishes to
would under the same presumption have been a cause settle the controversy without sacrificing the lives of
for instant war by Italy on the United States. The some thousand or hundred thousand American
cases cited differ only in the magnitude of interests citizens, went creditably through the experience o f
war himself— a fact worth remembering by those
involved ; the principle is the same.
If, on the other hand, our Senators with their war whose ideas seem to be swayed by orators and writers
manifestoes hold the Spanish Government to have who never saw the smoke of battle and would be per­
been the deliberate author of the Maine explosion, it fectly safe from seeing it even in the event of a Cuban
is incumbent on them first to produce the proof. war.
We do not question that the miseries of Cuban
There is no such proof in the Court of Inquiry’s re­
p o r t ; on the contrary, that document expressly dis­ warfare, begun under the Weyler administration, must
claims, as we have seen, any legitimate ground for be stopped, and there is good reason for the belief
We
fixing such responsibility. The bold deliberation that they are to be stopped peremptorily.
with which Senator Mason, in his speech of last Tues­ do not question that the destruction of the Maine
day, ignored or repudiated this most important must be niade a matter of thorough interna­
element in a critical situation,'was worthy of a states­ tional inquiry; that if the culprits can be dis­
man who, three weeks ago, declared to the Senate covered by human agency they must be discovered and
that the naval Court of Inquiry could not be punished in such exemplary fashion as they deserve.
trusted to produce an honest verdict. “ There are Furthermore, we believe that if, in the light of inter­
those who say,” Mr. Mason asserted in Tuesday’s national law, an indirect responsibility should be fixed
Speech, “ that tfie Court does not fix the responsibility. on Spain as the owner of the harbor, such reparation,
It is not necessary, ” ,1 ^ is]not"necessary, Mr. Mason ought to be demanded as the circumstances re-




A p r i l 2 , 1888.]

THE CHRONICLE.

■squire, and we do not think it will be refused.
But the proposition to settle this series of events by
“the indiscriminate slaughter of the armies and navies
o f two nations, so long as the slightest possibility re­
mains of achieving an honorable end through peaceful
-and dignified diplomacy, appears to us so monstrous
that we regard its open advocacy at this time in the
Congress of the United States as a stain on our coun­
try’s good name which nothing but the complete re­
pudiation of these influences of recklessness and mis­
ch ie f can wipe out.

641

The more recent concession provides for the con­
struction of a railway branching off from the one just
mentioned and running southward to Ports Arthur and
Tal-ien-wan. There can be no doubt that both under­
takings will be completely controlled by the Russian
Government. It is equally certain that they will be of
the highest value to Russian commerce and will greatly
strengthen Russian political power in the Far East.
Nor is it less certain that, with proper safeguards,
these enterprises may become the means of developing
the latent wealth of Manchuria and of increasing its
trade with other nations, particularly with the United
States and England.
COMMERCIAL INTERESTS IN NORTH CHINA,
The publication of the Russian Minister of Finance
AND THE TRANS-A SIA TIC RAIL WA Y. *
does not profess to give anything like a complete ac­
M a n c h e s t e r , March 23.
count of the economic condition and the natural re­
The fact that the greater part of the American cot­ sources of Manchuria, yet is lengthy and very interest­
ton goods exported to Shanghai is consumed in North­ ing. From it and from other authentic sources the
ern China gives particular interest to the important following epitome is taken: The area of Manchuria
developments which seem likely to arise out of the is 362,000 square miles, larger by more than oneconstruction of new railroads in Manchuria and their fourth than Texas, and three times the size of the
connection with the great Trans-Siberian line now United Kingdom. Its population, according to the
being pushed forward by the Russian Government. Of best available estimates, exceeds 12,000,000, and this
the vast changes which that wonderful work will bring has been increasing in recent years by immigration
about when it is completed few persons perhaps have from more southerly parts o f China, and the im­
anything like an adequate conception.
migrants are doing much to increase the pro­
That the Rulers of the Czar’s dominions expect great duction of the soil, particularly in the Liao-tong
things from it is certain. Through communication Peninsula and othern Southern portions.
The cli­
with the Pacific will not be established until 1903, yet mate is tempered by proximity to the Pacific and
already the Russian Finance Minister has despatched the Yellow Sea, and the land, at least in the Southern
a number of competent officials for the purpose of in­ half, is fertile. The products are very varied, em­
vestigating the industrial and commercial possibilities bracing millet, beans, opium, cotton, silk and tobacco.
o f such portions of Central Asia and the Far East as In smaller quantity wheat, oats, indigo and rice are
will be brought within the sphere of the new trunk grown. In the valley of the Sungari River there were
line and its connections. A private commission has in 1887, according to Chinese official accounts, 70,000
also been sent at their own expense to China by a agriculturists. These facts indicate that the climate
group of Russian manufacturers. This delegation is and soil are comparable to those of the Punjaub or
-charged with the duty of establishing agencies at the North West Provinces of India, although Man­
various points and of reporting as to the particular churia is much further north.
Some authorities
kinds of Russian productions most likely to be profit­ say that it has an extensive forest area, but the
ably disposed of in the Chinese markets.
Russian report declares that this is incorrect; and
A further proof of the eager interest with which that the central region is almost denuded of timber.
Russian official and commercial minds are surveying There is, however, an abundance of big game and
the vast fields of enterprise soon to be opened out in of fish in the rivers.
Cattle, horses, mules, sheep
the East is the publication by the Minister of Finance and reindeer are reared in fair numbers. Of still
o f a volume of statistical and other information illus­ greater importance is the breeding of hogs, which sup­
trating the economic condition and the resources of ply the principal meat food of the bulk of the popula­
Manchuria. From no other work can so much be tion. Coal is being worked in the south of Manchu­
learned of this, the most progressive, part of North ria, and it is believed to exist in other parts, although
China, which is even now a considerable and a grow­ nothing is definitely known of its location. That
ing market for British and American cotton manu­ actually mined is of good quality, although rather soft.
factures. The value and opportuneness of this in­ Illuminating oil is produced from beans, and com­
formation are heightened by the lease of Ports Arthur petes successfully with impot ted kerosene, for although
and Tal-ien-wan to Russia, and the railway project its price is somewhat higher, it doer not burn so rap­
which, when carried out, will connect the Trans-Siber­ idly, and the natives are aware of the difference.
ian Railway with the Yellow Sea.
The sea-borne trade of Manchutia is carried on
In 1896 the Chinese Government gave a concession almost entirely through the port of Newchwang, and
to a company, of which only Russians and Chinese the imports, consisting mainly of cotton goods and a
were to be shareholders, which was to build and work smaller quantity of woolens, are derived for the most
a railway connected on the northwest of Manchuria part from Shanghai. But Newchwang is closed by ice
with, the Trans-Siberian line, and running in a south­ from January to the end of March, and the ports now
easterly direction across Manchuria to Vladivostock. to be leased to Russia have open water all the year
The surveys are now being made, and the line when round.
It may be inferred, therefore, that when
completed will shorten the route to Vladivostock by these are connected by a railroad running north­
about 350 miles. The company is financed by the ward right through the heart of Manchuria and
Russo-Ohinese Bank. Goods imported into China over connected with another branching eastward to
it across the Russian frontier are to be subject to only Vladivostock and westward through Siberia to
tw o thirds of those charged at the treaty ports.
Europe, a rapid development of the resources of
• - * Communieated by our Special Correspondent at Manchester.
the country1is to be expected.
Whether or not




612

THE CHRONICLE.

rv ot. l x v i

It will be observed that there was a further increase
in the gross in the late year of $781,638 (nearly 15 per
cent) and a further increase of $460,280 (over 18 per
cent) in the net. Since 1889 gross earnings have
risen from $3,660,124 to $6,080,663 and the net earn­
ings from $666,692 to $2,986,238. In this last in­
stance the total for 1897 is about four and a-half times
what it was in 1889. What attracts particular atten­
tion in these results is the increased economy and
efficiency with which it shows the road to have been
operated. The record is on8 of which the manage­
ment may well feel proud. In 1889 the ratio of ex­
penses to earnings was 81’78 per cent, in 1897 it was
only 50*89 per cent. In other words, while in 1889 it
took over eighty-one cents to earn a dollar, in 1897
the expenditure of money to earn a dollar was but
little in excess of fifty cents. It actually cost only
$ 01,000 more money to earn six million dollars in
1897, than it did to earn 3| million dollars in 1889*
In exact figures, with gross of $3,660,124 in 1889 ex­
penses were $2,993,431, and with gross of $6,080,663in 1897 expenses were $3,094,425.
The Mexican National keeps its accounts in such a
way that the saving effected appears clearly on the face
of the returns. In the statements of many of the
other roads the saving cannot always be readily ascer­
tained. As is well known, the Mexican roads have a
special problem of their own in the steadily deprec­
iating and the constantly fluctuating value of the
standard of values in which their revenues are col­
lected. If they could buy all their needed sup­
plies at home, and home prices (as the silver
advocates contend) remained the same, this change
in the standard of values would not count aa
an influence of any importance in the expenses.
GROWTH OF M E X IC A N N ATIO N AL
As it is, they must buy much of their supplies,
REVENUES.
abroad, and pay for them in gold.
With silver
We directed attention twelve months ago, in re­ depreciating, this means that an increasing amount of
viewing the report of the Mexican National for. silver is required to pay for a given amount of mater­
1896, to the large and steady increase which had ials to be paid for in gold. The method of treating
taken place in recent years in the earnings of the the increased depreciation of the Mexican dollars
road. The receipt of the report for 1897, showing varies. Where the plan is to charge the silver cost of an
further expansion in the revenues of the system, makes article paid for in gold directly to expenses, the expenses
the record of growth still more striking and still must necessarily rise greatly from year to year under
more noteworthy.
the diminishing value of the silver dollar. The Mexi­
Mexico has experienced much prosperity of late can National has followed the plan of holding the
years. The cause for this is not hard to find. The dollar at a uniform figure through all the years. The
building of a comprehensive system of railroads has dollar is taken to be worth 80 cents. This figure was
served to open up the country and to develop its vast adopted a long time ago, when that was very near the
resources. This railroad mileage besides being of actual market value of the coin. As a matter of con­
great benefit to our sister republic is now in turn venience the same figure is now retained. Under this
affording benefits to the roads in a constant expansion method, all depreciation beyond the 80 cent price is
in their traffic and revenues growing out of the de­ charged not against the expenses, but as a separate
velopment of the country. Railroad investments in item outside the expenses. With the expenses thus
Mexico at one time, some years ago, did not wear a unaffected by the growing depreciation in silver, the
very assuring look, bnt the experience of recent aggregate furnishes a good guide to the ordinary
periods has in many instances served to work a great course of the expenses. Under the other plan referred
change in the aspect of things. In no case has the to, the reduction in the ratio of expenses from 81*78
change been more marked than in that of the Mexi per cent in 1889 to 50*89 per cent in 1897 would have
can National. We present herewith a table to show been in large part covered up.
As to the expansion in the gross earnings, it may
the earnings, gross and net, year by year, since 1889.
perhaps be thought that the further increas j of $781,The figures are stated in Mexican currency.
Gross Earnings.
Net Earnings. 638 in 1897 was due to the renewal of the pooling ar­
1889............ .......................... $3 660,124
$666,692
189j ..................
3,754,966
827,004 rangement with the other Mexican roads on traffic
1891 ............. ............ ......... 4.206 423
1,159.021 . coming from foreign countries. But President Raoul
1892
................... . . . . . 4,756,030
1,7 0,613 takes pains to combat this idea. Indeed, he complains
1893 ..........
4.224,804
1,638,438
1894
4,323,078
1,891,962 that the operation of the arrangement has been far
1895
................................ 4,513,205
2,071,408 from satisfactory to the road. This is the ground hfr
1896
......... ..................... 5,2*9 025
'2,525,953
1897.*.'.................................... 6,080,663
2,986,233 gives for the com plaint: “ Under it (the agreement)

the consequent increased trade is to benefit largely the
commerce of countries other than Russia must ob­
viously depend upon the contingency of Manchuria
being added to the Czar’s dominions and its incorpora­
tion in the Russian Customs area. Great pressure will
undoubtedly be brought to bear upon the Russian
Government for the purpose of preventing this latter
eventuality. The question is at present mainly of in­
terest to the United States and Great Britain. From
figures which have been supplied from Shanghai I
learn that about one-fifth of the American cotton
drills, sheetings and jeans imported at Shanghai is
sent to Newchwang, and the quantity is increasing. Of
English cotton goods forwarded thither the proportion
is vegy much less.
The loss of this trade by the
absorption of Manchuria in the Russian Customs
area would be of very considerable importance,
and this fact obviously strengthens the motive
for opposing such a serious change. But there are
considerations indicating that Russia would be dis­
posed to yield to strong representations in favor of
keeping open the trade on equal terms to all nations.
The addition of even so large-a territory as Manchuria
to the already enormous new field of commerce shortly
to be opened up by the Trans-Siberian Railway cannot
be of great importance to Russia. Morover it is quite
certain that the colonization and development of this
new world, as it may fairly be called, and the enor­
mous amount of capital which it will require furnish
a most powerful motive to the discerning and astute
rulers of this vast empire to yield to the representa­
tions of other Powers against closing Manchuria to
their trade, if these be pressed with sufficient earnest­
ness and decision.




Apkil 2, 1898.]

THE CHRONICLE.

6 ia

the method and the power has been found to au­
-------- Y a m s Exported from In d ia ------ ,
To China.
To Japan.
Tot a l
thorize and enable our associates in council,
Bales.
B ales.
B a le s '
and competitors in traffic, having water line connec­ 1889 ............................................... 254,697
62,220
316,917
37,722
362,782
tions with the interior United States territory, from 1890 ............................................... 325,060
1891 ............................................... 365,038
10,939
375,977
whence most of our foreign traffic comes, to carry 1892 ..
385,771
-21,445
407,216
14,102
332,002freight from common points in the United States to 1893 ............................................... 317,900
1894 ...................
369,089
10,654
379,746
common points in Mexico at a rate lower than the rate 1895
................................................403,075
2,830
405,905
permitted to this company.” Mr. Raoul says the dif­ 1896 ................................................509,898
2,136
512,034
427,258
750
428,008
ferences against the road have been modified for the 1897..........................................
Although this table indicates quite a steady devel­
year 1898, but that under its operation for 1897 the
opment of the exportation of Indian yarns for the
benefits expected from the maintenance of higher rates
East Asia as a whole, we cannot help noticing the fact
which the agreement made possible, and in fact ac­
that ever since 1889 the export of the same for Japan,
complished, were neutralized by the loss of tonnage in
has undergone a decisive decline, reaching an insig­
favor of the other lines. He adds that the modifica­
nificant
figure in 1895, and reduced almost to nil in
tions secured in the readjustment for 1898 is “ only a
1897.
This
is mainly due to the strong competition of
modification, not a remedy of the evil.”
the
Japanese
rivals, whose cotton-goods trade has
The whole of the late year’s improvement in earn­
rapidly sprung up in the last few years, as we shall
ings, Mr. Raoul points out, came from the local traffic,
presently see.
the volume and revenue of every class of which in­
The situation is somewhat different with regard to
creased to a gratifying extent. The foreign traffic, as
China.
The importation of Indian yarns to that
already remarked, fell off so in volume that the reve­
-country has, as a rule, increased, as shown in the
nue therefrom, notwithstanding the higher average
above table, for it was not before 1895 that China real­
rate maintained throughout the year, did not mater­
ized the great importance connected with this indus­
ially exceed the income from the same source the
try. As the Shimonoseki treaty compelled her to
previous year. If the abnormal traffic in corn be
make manufacturing undertakings by foreigners free
taken into account, it actually fell off. Captain
in every treaty port of her Empire, the Chinese people
Raoul well says the local traffic of a line is
have hastened to project cotton enterprises. Within
a reliable index of the state of trade and com.
the last two years several large mills have come into
merce of the country it serves, and is the foundation
existence in Shanghai with all the modern improve­
upon which the prosperity of every line is built. As
ments of machinery. Cheap labor, cheap materials
the company is drawing from this source its most im ­
and an inexhaustible market for the cotton goods in
portant revenue, and as the local traffic has uniformly
China are the valuable advantages that the Chinese
increased year by year since the opening of the line,
traders command in their own country, and therefore
much satisfaction, he thinks, may be taken in the sta­
even European and Japanese capitalists have already
bility which is thus assured of the company’s position
started to establish their mills m Shanghai,
and gr at encouragement be derived as to the promise
It was in the year 1871 that Japan began her
afforded of future progress and prosperity.
-cotton industry in the modern sense of the words.
As has happened so often before, the improvement
Before that time Prince Shimadsu, the influential
in net revenues which occurred during the year was
feudal lord and ruler of Satsuma, imported two sets
almost entirely eaten up by the increased loss result­
of cotton machinery in order to show his people how
ing from the further depreciation in the price of sil­
to run the business. Soon, however, the political
ver. The loss from “ exchange” in 1897 was $1,156,792,
system of the country underwent a revolutionary
against only $793,408 in 1896. However, the income
change, resulting in the abolition of feudalism and
account makes a very satisfactory showing neverthe­
the adoption of the French system of prefectures ;
less. The company was able to meet all its Prior Lien
consequently the position of the.Prince was much af­
interest, besides the 3|- per cent to be paid the present
fected, and he sold out his interest in the cotton fa c­
month on the second mortgage Class “ A ” bonds, the
tories, which had just been erected, as above men­
accumulated balance being only drawn upon to a
tioned, to a private person who knew very little of
slight extent for this latter purpose.
the business. So several years elapsed without much
improvement in the cotton industry of this country.
COTTON IN D U S T R Y I N THE E A S T *
Meantime foreign yarns and fabrics flooded the Japan­
T okio, March 4, 1898.
ese market, being speedily destructive to the trade of
India, China and Japan have lately made wonder hand-weavers. This attracted the attention o f our
ful strides in the progress of cotton industry. The Imperial Government, who soon adopted the policy of
first cotton mill in India was built in 1851 ; in 1880 encouraging the building of cotton factories. Thus
the number of her mills had increased to 56, having in 1880 five small mills were established under the
1,461,590 spindles and 13,502 loom s; in 1895 it protection of the Government. Gradually the Japan­
reached 148 establishments, having an aggregate ese people began to appreciate the value of this profit­
capacity of 3,809,929 spindles and 35,338 looms; while able business, and made an active stride of progress,
in 1897 the total was 173 mills— 4,065,618 spindles as indicated in the following table :
and 37,581 looms. The distribution of the Indian
No. o f Mills.
No. o f Spindles'
1890
.......................................... ...................
253,466
yarn is worthy of notice.
1891
................................................
36
353,980
------- T a rn s E x p o rted f r o m I n d i a --------> 18 9 2..............................

To China.
Bales.

.

1 8 8 0 ............................................................ 6 3 ,1 9 4
1 8 8 3 ......................
9 4 ,9 8 2
1 8 8 6 . . . .................................................1 9 9 4 0 7
1887
................................................. 2 0 5 ,1 5 8
1888
2 3 4 ,0 7 1

To Japan.
Bales.
4 ,5 2 7
1 7 ,4 2 1
2 0 ,5 4 3
3 9 ,7 3 0
5 2 ,6 9 9

Totals.
Bales.
6 7,721
1 1 2 ,4 0 3
2 1 9 ,9 5 0
2 4 4 ,8 8 8
2 8 6 ,7 7 0

* Communicated by our Special Co- respondent at Tokio, Japan.




1893
1894
1895
1896

39
.........................................
40
..........................................................45
...........................................................47
... ...................................... . ............ 63

385,314
391,781
530,074
580,945
757,196

The 1897 figures are not yet available, but the
spindles have been estimated at 800,000 running and
350,000 additional in process of erection. Thus,
within six years (omitting 1897) the number of-

THE CHRONICLE.

614

spindles used in this country was trebled. A large
and increasing amount of raw cotton has been year by
year imported, to be turned into various finished com­
modities. As a result the home product has not only
replaced the imported articles, but has begun to in­
vade the Chinese market. The following table shows
the movement of manufactured and unmanufactured
cotton in Japan during the last six years.

P rice o f cot- P rice o f coal Wages f o r Wages f o r P rice o f
ton p er
p er
m ale labor fem ale labor yarn p e f
133% lb.
IP,333*3 lb- p e r day.
p er day. 13313 lb
Yen.
Yen.
Jen.
Yen.
Yen.

1896—
July.....................18-73
August................1802
September......... 18-09
October.............. 18 1 8
November..........1 8 7 0
December...........20-48
1897—
July..................... 19-63
August............... 20-55
September......... 20*80
O cto b e r ............19 98
November..........20-00
— - Imports of-------------------- v ,------- — — Exports of------------------>
D
ecem ber........1 9 -7 2
Raw Cotton. Cot. Y a m . Cot. Fabrics. Raw Cotton. Cot. Y am . Cot. Fab's.

Yen.
4802. ...12,324,654
...16,151.571
1893.
1804. ...19,610,760
1805. ...24,822,097
1806. ...32,573,3i 2
1807. ...43.620,214

Yen.
7,252,731
7,400,370
8,088,570
7,411,917
11,544,613
9,625,258

Yen.
4,678,399
5,684,056
6,989,162
6,908,575
11.635,973
9,811,991

Yen.
52,512
75,613
119,154
171,927
154,566
234.E80

Ym .
7,720
59.176
955,530
1,034,479
4,029,425
13,490,196

Yn.
721,468
1,501,582
2,995,276
3,951,812
3,378,285
2,280,626

By a cursory examination of the above table one
finds that while the cotton industry in this country
has developed to such a considerable degree as indi­
cated above, the foreign yarn and fabrics! still hold
fast their ground in the Japanese market.
The
reason is obvious, for while Japanese manufacturers
have eagerly engaged in their production of the
coarse goods, they have left completely the market
for the finer goods to the free trading of their foreign
rivals. But in 1896 they made a new departure in the
development of the Japanese cotton industry by start­
ing a large mill fitted for'production of the finer yarn,
mainly using the Egyptian cotton. Toward the end of
the last year Japanese mills, on account of the cheap
price of the American cotton, have begun to use it lib­
erally, mixing it with the Indian cotton. Thus they
have unconsciously raised the grade of their goods,
and it is highly improbable that they will ever return
to the poorer grade.
This incident has stimulated the tendency toward
the production of the better and finer goods, and we
hear our business men say that further expansion in that
direction is inevitable, for otherwise the competition
with the Chinese producers of the coarse goods would
become severe. Moreover, in the latter part of 1897,
When the rate of exchange with China was against us,
the demand for our coarse goods in China rapidly fell
off, and in consequence of this most of our cotton
manufacturers suffered a considerable loss; but on
the contrary a mill which was devoted to producing
the finer makes had been subjected to no such incon­
venience, for it enjoyed ample demand for its
product from the home consumers. Therefore the de­
velopment of our cotton industry is likely to be in the
direction of a production of better and finer goods.
This tendency explains the growing demand for the
American and Egyptian cotton in this country. Dur­
ing 1897 Japan has imported large amounts of the
American staple. But we can hardly tell how rapidly
this importation might be augmented.
Like every other country, the profit of the cotton
trade in Japan during the preceding year was not very
large. There were many who could not even declare
their dividend, and several others who lost money.
Of those who were fortunate, the Hieano divided 30
per cent, the Settsu and Kishiwada 20 per cent each,
and many others from 10 per cent to 5 per cent,
making the average dividend 8 1-5 per cent, against
12£ per cent for 1896. This decline of the profit was
partly due to the over-production, mainly to the un­
favorable rate of exchange with China, which I have
already mentioned in this article as well as in the
others which had previously appeared in the C hron ­
icle ; also it was due to several other causes which
are tabulated below.
'




[VOD. LXVI.

1557
15-67
16*70
17-78
1854
18 69

195
19 9
198
195
20 3
20-5

11-2
11-6
11"7
11-7
12-2
12-3

92-82
93 61
94-29
93-49
91-42
89-38

27-99
28-24
29-21
30-79
31-50
3251

22-7
22 8
23-3
23 2
23-4
23"4

136
13-6
14-0
13*8
14-0
14-3

101 01
9934
96-94
92-28
87-41
85-45

Here the steady rise in the price of coal and wages
is to be noticed. The prevailing higher price of coal
in this country is partly due to the inflation of the
currency and partly to speculation on the part of coal
traders induced by the active demands from various
European fleets in the East. Therefore this one of the
existing disadvantages to cotton manufacturers in this
country will be removed as soon as this cause for the
higher price of coal ceases to exist. But the rise of
wages is different. It has resulted from the higher
cost of living and also from the higher standard.
When living expenses have once been raised it is very
difficult to return to the original standard. Japanese
laborers are learning to be like the American. A l­
though formerly they were submissive, now they are
beginning to follow the conception of the American
and European, viz., endeavoring to care for their own
welfare under all circumstances and ready to guard
their interests against the efforts of their employers.
Frequent cases of strikes in these days give sufficient
proof of the tendency towards the growth of this spirit
among the Japanese laborers. Thus Japanese capital­
ists are no exception to the trouble of the so-called
social question, and very likely their profit will by de­
grees be reduced so as to be on a level with the aver­
age rate of the American profit.

FORMER MINISTER P H E L P S ON THE
CU BAN QUESTION.
The “ New Y ork H erald” of Tuesday published
the following letter on the Cuban question from
former Minister E. J. Phelps. It is addressed to exG-overnor Levi P. Morton, evidently in answer to a
communication from Mr. Morton. The letter is the
product of a clear mind, well equipped for such a dis­
cussion, dealing in a forcible way with a much-in­
volved problem. No one should omit to read it care­
fully.
Hon. Levi P. Morton :
M y D ear Sir—My views in respect to the Cuban situation,
for which you do me the honor to ask, are quite at your
service.

Until the report o f the Board o f Inquiry was received it
was not easy to know with certainty how far the situation
might be complicated by facts or questions arising out of the
disaster to the Maine. But as no complicity on the part of
Spain in that calamity is found to exist, that branch of the
subject may be for the present dismissed.
Whether a claim on the part of the United States Govern­
ment for reparation from Spain on the ground of negligence
may arise need not now be considered. Such a claim, if
made, will be matter for diplomatic discussion, or would be
the proper subject of settlement by arbitration; since the
termination of a disputed question of fact depending upon
evidence can only take place in that way, and forms, in my
judgment, almost the only case in which international arbi­
tration is likely to be useful.
That grave subject being for the present, at least, taken
out of the way, the time has now arrived when the proposal
that the United States Government shall go to war with
Spain can be discussed upon its merits. The country appears
to be drifting into such a war, chiefly through the exertions
of those who have an interest in bringing it to pass, and the;

A pril 2 1888. |

THE CHRONICLE.

6 45

excitement, groundless but contagious, which, they have suc­
ceeded in creating.
It is not to be believed that the general intelligence of the
American people, of that majority which can be reckoned íd
weight as well as in numbers, is in favor of any unnecessary
War, and still less of one that is to be brought on by ah at­
tack upon a weak and friendly neighbor, and one that cannot
be justified under any principles that regulate the intercourse
o f nations. Before engaging in such an enterprise it may be
well for us to consider what those principles are, so far as
applicable to the present case, and how far we are bound by
them,

tary genius that might have terminated it has not yet ap­
peared among her generals.
But the rebellion would long ago have perished from ex ­
haustion had it not been supported and supplied by continual*
expeditions from this country, in violation of our own1
neutrality laws and treaty obligations Our Government
has not, it is true, countenanced these expeditions, and hast
made some efforts to suppress them, sincere, no doubt, but
always ineffectual, through United States marshals,who have
usually arrived at the wharves from which the vessels sailed
soon after their departure. A twentieth part of the naval
force which we are now ransacking the world to collect for
NATION MUST OBSERVE PRINCIPLE.
what are called “ the purposes of national defense” would
There seems to be an impression among unreflecting people have put an end to the only source from which the rebellion
that what is called international law is merely a scholastic has been kept alive.
THE MATTER OF LIABILITY.
'
science, of no practical importance, and to which Americans
It has been claimed by some of the advocates of war that
áre quite superior. They do not perceive that it is as impos­
sible for a nation to make a law for itself in its relations with Spain must be held responsible to us for the loss o f the Maine,
other countries as it is for an individual to do so in respect to whether her Government is to blame for it or not. This
proposition they will find it difficult to support. But if even r
his own conduct in the community in which he lives.
The fundamental principles of international law have been her negligence were the cause of the disaster, her liability is
established by the general concurrence of civilized and Chris­ questionable.
Does it occur to these gentlemen that the rule they invoke
tian nations, because found by long experience to be both
just and indispensable. Hence they derive even a higher works in either aspect of the case both ways ? If Spain must
sanction than always attends the law that is enacted by legis­ guarantee the safety of our ships in her ports, whether her­
self in fault or not, we must equally guarantee to her that
latures or promulgated by judges.
Every government is alike bound by these principles, for armed expeditions to subvert her government shall not be
the sake of its own protection as well as for that of others, fitted out and dispatched from ours. And if negligence in
and the general peace, and is under an implied covenant with the one case is the criterion of liability, it must be equally so
mankind to observe them. If a nation departs from them, it in the other.
W e recovered fifteen millions from Great Britain for the
violates this agreement, sets itself against the enlightened
opinion of the world, does what is universally conceded to be depredations of the Alabama, only built, not armed, manned
wrong, and establishes the dangerous precedent which, sooner or fitted out in that country, on the ground that her Governor later, with unfailing certainty, w ill come home to itself. ment was not vigilant enough in preventing the sailing of th e ,
vessel. Is it to be doubted that a much stronger case of neg­
No nation can afford to take such a course.
ligence could be made out before a tribunal of arbitration
THE LIMITS OP INTERVENTION.
against
our Government in respect to these expeditions?
Among the rules of conduct that have thus become impera­
SELF-DEFENSE NOT INVOLVED.

tive none is more clearly defined than those which limit the
In this quarrel between Spain and her rebel subjects, with­
right of military intervention by one nation in the internal out reference to its merits, and conceding to the insurgents
affairs of another—certainly the most important and delicate all the virtues which are supposed to attend rebellion against
o f all questions that can arise in international concerns, for constituted government except when it attacks our own,
have we in the first place any interest of our own that justi-,
it involves the peace of the world.
fies interference under the right of self-defense?
These rules are not new, for they have been long settled,
Tnat claim was at first put forth on the score of the inter­
and not doubtful, for they are universally acquiesced in. It ruption of our commerce, but it has been abandoned. It is
is the general agreement of mankind, instructed by experi­ too well settled to admit of dispute that the inconvenience
ence, which the world cannot afford to see rejected, that has and loss suffered by the commerce of neutral States when i
war exists, though often considerable, constitutes no ground
established the proposition that no cause whatever, except , for intervention, but must be borne. The loss of Great Britain
the necessary self-defense of a nation’s material interests, or in this respect is much greater than ours.
When in o u r Civil War the Southern ports were blockaded
of the national honor, which is its highest interest, can justify
by the Federal fleets very great loss to the commerce of other
forcible interference in the affairs of another country with nations ensued, especially in the important staple of co tto n .'
which it is at poace.
Yet no suggestion of interference by those nations on th a t;
The proffer of mediation or of friendly assistance may account arose or would have been t Aerated. It must be con­
always be made. It may be accepted or declined by the ceded, then, and, except by interested newspapers is c o n - '
ceded, that we are under no necessity of self defense against
Government to which it is addressed. But when declined Spain in any definition of the word, nor have we any right to '
the attempt to intervene by force of arms is a crime, the sad vindicate or wrong to redress that entitles us to interpose by 1
and bitter consequences of which have been demonstrated on arms in support of the Cuban rebellion.
WAR FOR HUMANITY’ S SAKE.
many a page of history. And especially, and above all, does
The final ground on which the preachers o f aggression
this apply to the case of interference in aid of an armed rebel­
plant themselves is that we must g o t o war for humanity’s
lion against another Government by its citizens.
sake. It has generally been supposed that it was for human­
The idea that this country, or any other, is justified in un­ ity’s sake that war is chiefly to be avoided, and that the cause
I
dertaking a moral or political supervision over the affairs of of humanity can be in no other way so well served.
It is true that international law recognizes as the sole and
its neighbors, and in correcting by armed invasion the faults
rare exception to the rule above stated in respect to interven­
of their institutions or the mistakes of their administration, tion, that a nation may interfere where to prevent unjusti- ;
or administering charity to them by force, is absolutely in­ fiable slaughter and outrage in another country it becomes
absolutely necessary. But this exception, which has very
admissible and infinitely mischievous.
rarely been acted on, applies only in extreme and very clear 1
WHAT JUST GROUNDS APPEAR.
In the light of these considerations let us inquire upon what cases, and has no application whatever to this case.
■It is worth a moment's consideration to understand dis­
grounds it is claimed that we ought to intervene in the affairs tinctly what the demands of “ humanity” in the present case
of Spain in the island of Cuba, and precisely what will “ in­ are, and what they are likely to bring to pass if complied
with. Are they a reason, or an excuse? A motive, or the
tervention” turn out to mean.
Spain is a friendly nation and always has been. The most pretense that conceals a motive ?
The suffering that it is said we are called upon to redress
industrious agitator for war has been unable to hunt up in by fire and sword is the destitutim that has overtaken a part
any history, since under Spanish auspices this country was of the Cuban people, and which has been depicted in the
first opened to us by Columbus, any cause of quarrel between most inflammatory colors. They are those who are called
us. She has not attacked us, is not proposing to attack us, the reconcentrados—people whose homes, plantations and in­
dustries have been destroyed in the course of the rebellion,
and is virtually incapable o f it. She has manifested every and who are now gathered in temporary shelters provided
desire and made every effort to avoid hostilities, which, to by the Spanish Government.
How came these people in that condition, and who wrought
her, as she well knows, must be calamitous. She is struggling
with a rebellion against her government in Cuba, thus far the destruc ion that brought them to it? They are reprer ,
sented to us as a bodjT of patriots who are “ straggling fo r
•without success, for the seat of the conflict is more than freedom,” and whose property and livlihood have been de­
three thous md miles, from the mother country, and the mili- stroyed in that strug**“ - T \this is true,,then the reason f o r &




THE CHRONICLE.

646

our interference in behalf of rebels against their government
is, that they have not succeeded, are getting the worst of the
contest, and are thus reduced to distress.
No one pretends that Spain had not the right to put down
the rebellion. The complaint is that she has not put it down.
If these people are to be regarded as rebels and their condi­
tion is truly depicted, it would seem that it results from their
own fault, and that the contest, so far as they are concerned,
has come to an end. Nor can it be maintained that any
cruelty or outrage is visited upon them by the Spanish G ov­
ernment, or that their destitution results from any other
cause than the poverty that the civil war has occasioned, as
it generally does, and the inability of the Government to re
lieve it fully.
TREATMENT OP RECONCENTRADOS.

But this statement of the attitude of these people in great
part is true. While it is difficult to ascertain the exact facts
in a case where all the evidence comes from one side, and the
advocates of that side are their own witnesses, enough ap­
pears to show that their claim must be taken without much
allowance.
It cannot be pretended that the reconcentrados have been
generally engaged in the rebellion, or that a large part o f
them have ever taken the field or tired a shot in its support.
They are not now prisoners of war, as they would be had
such been the case, but refugees from the ravages of the real
insurgents, thrown upon the protection of the Spanish Gov­
ernment, under whose orders they are thereby brought.
It is a notorious fact that throughout the war the devastation
of the homes and plantations of these inhabitants has been per­
petrated by the rebels who are in arms and who have levied
contributions in the way of blackmail upon the people so
long as they had anything to respond with. If they had been
brothers in arms of the rebels the rebellion might, perhaps,
with their assistance have succeeded. They would at least
have escaped the persecution they have suffered, whatever
they might have encountered from the Government.
INTERVENTION, ON WHICH SIDE?

It is undoubtedly true that the Spanish Government has
likewise destroyed houses and plantations and driven inhab­
itants from their homes, in pursuit of what it deemed a mili
tary necessity, just as in our own Civil W ar Sheridan ravaged
the valley of the Shenandoah and Sherman laid waste Georgia.
Such measures are the unhappy accompaniment of war, and
especially of civil war, and those who engage in it must ex­
pect its natural consequences. If the distress caused by these
means is a ground for intervention we would feel called upon
to interfere in every rebellion that occurs and does not imme­
diately succeed. Though the question would still remain, on
which side ?
The distinction between armed intervention and charity is
clear enough to be better understood than it is. The one is
the assertion of a belligerent right, the other the voluntary
offer of kindness and humanity.
WHO ARE THE REAL INSURGENTS ?

W ho, then, are the real insurgents? They are a body of
men of uncertain number who keep out of eight, who have
no capital or abiding place or attempt at organized govern­
ment (unless in a Junta in the City of New York), mere
guerillas and bandits, who have been carrying on what they
call warfare by crimes not recognized as war in any civilized
country; by destroying the homes and industries of the peo­
ple of the island not in arms, until it has become a desola­
tion; by blowing up with dynamite trains which contained
only peaceable travelers and murdering in cold blood a
Spanish officer bearing under a flag of truce the offer of au­
tonomy.
Their force is made up o f Cubans, negroes, renegades and
adventurers of all sorts from the United States and else­
where. Is theirs the cause we are to take up? Can it be
claimed to be the office of humanity to drive out the estab­
lished government of the island, the only government there
is there, and to turn over the population to the tender mer­
cies of such a band as this?
What would become in such an event of the reconcen­
trados? If their voice could be heard, is it conceivable that
they would desire the establishment of a Government in the
hai>ds of those who have already destroyed their substance ?
Had that been their desire they would long ago have joined
the rebels.
If th<-se people are suffering, as no doubt they are, whether
from their misfortune or their fault, by being thus ground
between the upper and the nether millstone, let us continue
to relieve them as we have begun to do ; as we sent relief to
famine-stricken Ireland and charity to Armenia. If that is
what is meant by intervention, we shall not differ about its
propriety. But whatever their necessity, it is not to be
assuaged by bloodshed, or by carrying fresh calamity to them
at the expense of a greater calamity to ourselves.
A single million, or a few millions, out of the many hun­
dreds that war would cost us, would amply answer the pur­
pose, and would gladly be received by Spain, as well as by
those who need it. Let us put a stop also to the expeditions
from our country on which the rebellion is fed. Let it be
understood that we shall not fraternize with the banditti
who have made Cuba a desolation, and the conflict and the
crime that have exhausted it will soon come to an end. The
humanity of peace is better and more fruitful than the
humanity of war.




[ Y o l . LXVI.

COWARDLY TO ATTACK WEAK SPAIN.

Another consideration should not be forgotten by Ameri­
cans who have any just pride in their country, and that is
the cowardly character of an unnecessary attack by this great
and powerful Government upon a comparatively weak and
impoverished nation. If we must fight somebody for the
sake of fighting, let us attack a Power which can defend
itself. If that would not be humanity, it would at least be
courage.
Can our people forget, though many of the noisiest are
too young to remember, the rebellion that we had ourselves
to contend with thirty years ago? A rebellion not carried
on by a band of guerillas in the mountains, harassing and
distressing the people whom they were professing to desire
to set free, but a rebellion of many contiguous States, in
favor of which the sentiment of the people was substantially
unanimous, under a regularly organized government, and
maintained by methods of legitimate warfare. Yet not the
less a rebellion which it was justifiable and necessary to put
down, though in doing it indescribable slaughter, distress
and destruction were unavoidable.
What would have been the sentiments o f our people, if,
when struggling in the throes of that great war, Spain, on
the pretense of the inconvenience to her commerce with the
United States which the blockade of the Southern ports cre­
ated, and of humanity for the suffering caused bv the war,
had thought proper to interfere by force ? She had as much
commerce with us as we have now with her, She had a
much greater interest in peace within our borders than we
have now in peace in hers. And she could have declaimed,
as those who are now urging this attack upon her declaim,
against the inhumanity of war, the infinite suffering it occa­
sions, and the high moral duty incumbent upon every nation
which wants to fight, to interfere by force and compel the
United States Government to withdraw its jurisdiction from
the Southern States.
Yet it does not seem to be perceived that the same princi­
ples of international law apply to us in the present case that
would have made such an intervention on the part of Spain a
crime, an invasion and a gross insult, which we must have
repelled and avenged at any cost and any hardship, or have
ceased to be regarded among nations as a country which re­
spected itself or was entitled to respect from others.
COUNT WELL THE COST.

Were the proposed war necessary to our just rights we
should not count the cost. When seen to be unnecessary it
becomes clear that it is unjustifiable. A moment’s consider­
ation may well enough be given to the consequences to our­
selves that would follow it.
In the first place a derangement of business, now just be­
ginning to emerge from a long and ruinous depression, and
which must affect most deeply every legitimate indostry and
employment that belongs to a time of peace. A probable de­
bauching of the currency of the country by throwing it on
to a silver basis, with all the ills which that misfortune
would bring in its train. Against this the country rose up in
the last Presidential election by a tremendous effort.
Is the success then so hardly obtained now to be needlessly
thrown away? An enormous expenditure from a treasury
whose expenses already exceed its income by more than fifty
millions a year; indefinite millions a year to be added to the
pen-ion list, already in its saturnalia of fraud and extrava­
gance, the curse and the shame of the country.
Can we afford all th is? What taxation is to pry for it?
And what have we to gain for it in return ? The injury that
could be inflicted upon us by Spain would be trilling in com ­
parison with that which we should inflict upon ourselves. In
the present condition of our affairs do we owe no duty to our
own people? Are there no recoacentrados in our own cities,
that numberless army of unemployed because business is
checked and paralyzed by these continual alarms?
CUBA LIBRE, WHAT NEXT?

Are there not thousands of young men, hopeful and earnest,
who are struggling to establish or maintain some honest
business that war would overturn or destroy? Is there not
a charity which begins at home?
And when the Spanish Government i* exoelled from Cuba,
thin what next? The annexation of that island to the United
States, with its population two th rds white men alien to us
in their blood, language and traditions, and one-third negroes,
of whom it might be supposed we have already enough; the
island cut up into States to become a stamping ground for
professional and corrupt politicians, furnishing further mem­
bers to the United States Senate of the sort that may b9 ex­
pected, and to give, perhaps, a casting vote in our Presi­
dential eh ctions.
He who supposes that this result could long be avoided
knows little of the influences and the methods of our legisla­
tion, and as little of the causes that helped to set on foot this
cry for war.
THOSE WHOM WAR PROFITS.

There is undoubtedly among* us a considerable party (nu­
merically) who are in favor of war with any country upon
any quarrel because they are eager for those emoluments of
war with which we have unhappily surrounded that calamity.
To them a war would be what a conflagration is to thieves.
There are those also who desire to achieve a dishonest profit
.in another way, by debasing the currency of the country.
Every man and every newspaper that in the last election was
for Bryan and free silver is shouting to-day for war with

A

p r il

2, 1898.]

THE CHRONICLE.

Spain, and for the same reason! There are politicians who
overrun each oth^r in haste to be in favor of any war that
is proposed, lest they should be charged some time with
having been opposed to a war.
And there are infamous newspapers which address them­
selves solely to the ignorant multitude and inflame their pas
sions on a subject about which they know nothing by all the
resources of mendacity and all the rhetoric of vituperation.
If these voice the sentiment of the American people, if they
are the majority which is to control our affairs, G-od pity us !
I believe that the sober sense, the enlightened patriotism
and the Christian principle of this nation will be found on
the other side. Fortunately there is nothing but praise to be
uttered of our President’s attitude and efforts in this emer­
gency thus far. He has stood firm where many might have
been carried off their feet, and the civilized world has ad­
mired his conduct. But no President, upon such a question
and in such a condition of popular excitement, can stand
alone or without support. And that support must come, if
at all, from the best intelligence and the best character in
the country.

647

and that practically an arrangement has been arrived at. On
the other hand, there is another rumor that both the British
and the French governments are agreed to let the negotia­
tions go on until the French elections are over and that im­
mediately afterwards a settlement, which is already agreed
upon in principle, will be announced. In any event, the be­
lief is general that there will be no quarrel between this
country and France.
In South Africa matters seem to drag. The elections fo r
the Cape Parliament, which are just taking place, w ill de­
termine whether the British or the Dutch party is to be
strongest in the new assembly, and therefore are being:
watched not only in South Africa but in Europe generally
with the greatest interest. In the Transvaal Chief-Justice
Kotze has appealed against his removal by the President to
the Courts at home and also to the British Government a»
the suzerain power. It is said that this action has greatly
incensed the Transvaal Government, which has always denied
the suzerainty of Great Britain ; and a speech made by the
President at the closing of the Raad is reported in which he
says that the answer to Mr. Chamberlain on the suzerainty
POPULAR FEELING MUST RULE.
question will show that the Transvaal Government is a gov­
If the infinite calamity of war and the unspeakable crime ernment.
o f unjustifiable war are to be averted, it must be through the
The news from Brazil is very bad. The coffee crop is the
self-assertion and patriotic effort in this crisis of the best greatest that has ever been gathered, and the new President
class of American people, in the best sense of that term—men has been elected without any disturbances, yet the exchange
who are not afraid to be opposed to any war which is wrong; continues to fall, from which it is generally inferred that not
who will not listen to the suggestion that the fortunes o f any only are the finances of the country in a bad state and the
political party are to be furthered in the next election by currency hopelessly redundant, but that there are political
drawing the country into such a w a r ; who are not frightened dangers ahead.
by clamor nor by apparent majorities which would speedily
In Australia the drought is at an end, but it is said that
more rain is still wanted.
turn out to be minorities if they were resolutely faced.
The time is long past in enlightened nations when President
In Argentina the maize crop, though it has suffered some­
or monarcn can make or prevent war. That alternative de­ what from the locusts, is reported to be excellent; and in
pends upon the sentiment and determination of the people Uruguay the President is growing more popular every day,
over whom they rule. When those make for peace, with and is exerting himself to the utmost to enforce economy in
courage and decision, there will be peace. When they are every branch o f the Government.
wanting all is wanting that such an emergency requires.
Upon the Stock Exchange here there has been a recovery
I am, dear sir, with high respect and sincerity, yours,
in prices as uneasiness declined, but there is scarcely any
M arch 28, 1898.
E. j . PHELPS.
business doing. The bolder operators buy whenever there is
a fall, but they sell again on every rise, so that practically
there is no bull account open, and there is scarcely any in­
(io m m c r c m l
vestment going on. The bear account is being gradually
closed. In the meantime trade continues to improve.
[From our own correspondent.}
The money market is somewhat easier this week, partly
L o n d o n , Saturday, March 19, 1898.
because there is a temporary addition to the supply in the
The war scare seems to be dying out. A t all events, it has open market and partly because it is announced that Govern­
decidedly abated during the past few days, and a more hope­ ment Treasury bills slightly exceeding 3% millions sterling,
fu l feeling is springing up. One reason undoubtedly is the which will fall due early in April, w ill not be renewed imme­
diately. The report leads people generally to assume that
calming down of public feeling in the United States and the they will be before long, and it is guessed that the Govern­
belief that President McKinley has the full confidence o f the ment wishes to relieve the market just at the time when the
American people and will be allowed to conduct the Cuban Chinese and the Greek loans are coming out. At all events,
negotiations as seems best to him. His conduct during the the fact that more than 3J^ millions sterling now invested in
Government stock will be repaid early in April has for the
past few trying months has raised him very greatly in Euro­ moment lowered rates and encouraged brokers to bid more
pean estimation, and there is the fullest confidence now that eagerly for bills. Ali the same, the supply o f money in the
whatever he decides will be decided after conscientious and open market is very small, although the Bank *of'England
careful consideration, and only with a view to the best inter­ has for the moment lost control of the outside market by dis­
ests of his country.
counting on an unusually large scale; but that will soon
There is a danger that Spanish pride may be hurt, and that end. The revenue is being collected on an enormous scale ;
the Spanish Government may be prevented from doing what is the gold that appears in the open market is being bought up,
necessary by the fear of a popular uprising. The position of and even small amounts have been taken in American Eagles
the Sagasta Cabinet is undoubtedly a very difficult one. from the Bank for New York, so that the gold-reserve of the
Northern Spain is Carlist and Southern Spam is Republican. Bank of England is not increasing, while we have before us
If, therefore, the army were displeased the dynasty would the Chinese and the Greek loans, and probably several other
probably be overthrown. But a patriotic Spaniard, however issues if political uneasiness dies out.
little weight he may attach to the monarchy, may well ask
In any case, it is certain that trade is. exceedingly active.
himself what Government could be set up if the existing one Money is being taken from London for the interior for trade*
were destroyed? That is one of the great dangers now, ac­ purposes, the absorption will go on on that account probably
cording to opinion ia London.
throughout the year, and the usual spring demand for tbe
Respecting China the impression is very general here that agricultural districts in England, Scotland and Ireland will
a peaceful settlement will be arrived at. This country, Rus­ spring up almost at once.
sia and France are acting cordially together in Crete. The
In India likewise the stringency in the money market is as
German Government has withdrawn its battleship from Cre­ great as ever. But as yet there is no likelihood of gold being
tan waters and altogether washed its hands of the Cretan sent to India or even of gold being sent into the Bank of Eng^
business; but, according to the semi-official German press land for the sake of obtaining rupees in India. The Bank rate
the German Government does not intend to oppose the three in Bombay continues 13 per cent, in Bengal 12 per cent. The
Powers which are guaranteeing the Greek loan in their set­ exports of rice fromBurmah to Europe, which were checked
tlement of the island. If that be so Prince George of Greece for a time by the demand for Japan and Singapore, have now
w ill be elected Governor of Crete and, no doubt, ultimately become very active, and to move the crop the demand for
the island will be annexed to Greece. As the United King­ money is exceedingly strong. The exports from Bombay
dom, France and Russia are thus acting cordially together in are likewise becoming much more active. Owing to the
Crete and in Constantinople, it is believed that they have prac­ measures taken to stamp out the plague, riots occurred
tically settled their differences in China and that Russia will some time ago, and when the riots were put do wn the work­
refrain from annexing Chinese territory other than is abso­ people struck, so that practically thereby business was lutely necessary to her for the acquisition of a port free from brought to a standstill. The Government have made some
ice, and that she will engage to keep open for the trade of all concessions, the strike is at an end, and now exporting is
the world whatever pjrts she acquires.
going on very rapidly. The probability, therefore, seems to
The new Chinese loan is advertised to-day and the Greek be that the demand for money for Bombay will become
loan is expected t * be issued next week. It is inferred that even greater than before.
as Russia is one of the guarantors of the Greek loan she will
Thus it looks as if the stringency will increase rather than
give such assurances as make it certain that the Chinese loan diminish for the next month or six weeks. And yet strange
will be a success so that the Greek loan also may be a very to say, the applications for the India Council’s?dratts were
great success.
on a comparitivel.v srm 11 scale on Wednesday. It offered for
Respecting West Africa nothing is really known in London tender 50 lacs, tfnd the whole applications were for only 48
or Paris. There is a report that practically all the questions lacs, while no more than 36 lacs were alloted, 19 lacs being in
at issue are settled. The French Government found, so it is bills at is. 3 27-82d. and 17 lacs in transfers at Is. 8 31-32d. per
said, that its agents in West A frica were becoming too active rupee; subsequently there was a special sale of 1 lac in trans­
and that there was serious danger, therefore, of a collision. fers at Is. 3 3l-32d. per rupee. From this it will be seen that the
The story goes on that mutual concessions have been made Council refused to sell at less than Is. 3 27-32d. per rupee




[Y ol. L i v i .

THE CHRONICLE.

648

F O R E IG N IM PO RTS AT N S W Y O R K ,

The follow ing return shows the position of the Bank of
England, the Bank rate of discount, the price of consols,
&o., compared with the last three years:
dlrohlation . - .......
P abllo d e p o sits.........................
Other d e p o s it s .........................
Governm ent secu rities. . . . . . . .
Other seoorlties
.....
R eserve o f notes and ooln -.
Ootu& oallioa. Dotn depart’ts.
P ro p . res erve to lia o tittles. D.a.
Bank r a t e ................per cent.
Consols, ¿H per c e n t .... .......

Silver....... . ... . . . . . . .

C.eartne-House returns.

IRf 8
Mar. id .

*«-7 .
Mar.17.

26,42 \470

25.199,170
16 835,204
3',,5»0,872
14.38 .814
2 ',0 1,575
3", 581,374
39,680, ¿45
65

In.n 9,851

8«,«7¿.o56
14.15',120
85.816.210
2.1,717,0 9
33 316,569

U
H
3

3
JUW

111 11-16

1886.
Mar. 18.
£
25 018,615
1» 115,392
46 115 3:3
15.la7.328
27,600 «65
40.893,320
19,114, -44

022H

10916

31144.
28 9-ltìd
174,37 7.000 144,937,060 165,116,O¿0
aeMd.'

1815

Mar. 20
«
24 679,400
12.155.151
2n.93i.OV 8
12,4 9.48?*
18.480.432
29.4"3.<62
37,362,852
6913-16
104 7-16
28 11-160.
Ia7,483.0 (.0

1895.

1896.

1897.

1898.

F or week.

$2,271,340
5,978,722

$2.576,121
6,881,354

$9,250,062
T o ta l........ $11,193,938
Since Jan. 1.
Dry goods....... $29.012,184 $29.804,038
82,855,641
80,863,904
Gen’l mer’dise

$37,835.271
81,802,342

$2,961,8'7
8,232,081

Dry goods.......
Gen’l mer’dise

$4,024,356
9,610,472

$9,457,475 $13,664,828
$42.178.369
82,602,185

total 12 weeks $109,876,088 $112,659,679 $119,637,603 $124,780,554

The following is a statement of the exports (exclusive o f
specie) from the port o f New York to foreign ports for the
week ending March 28 and from January 1 to d a te:
E XP O R TS FROM N E W Y O R K F O R T H E W E E K .

London.

«
«
(3
e
fQ

3
35 3
3
*
J.1 3
“
18 3
*2 9-1
w

Interest aUowett
for deposits bp

Open Market K ate».
Trade B ills.

B ank Bills.

Disc’t M's.

Joint
Stock A t 7 t o ll
Six
Three Four
Six
Four
Call. Dayi
Banks.
Months
Months
Months Months Months
2
SH
3
*
3
®*H
1H
*
2%@3
2H
2
2H
3 @3*4 1H
3
3
2%
2 « zh @ h
2
2H
3 ®3H 1H
3
3
V/k
2M
2
2H
3*4
SH
1H
3*4
+
•m
i
2
2H
3
H
1
H
SH
8%@3
2K
SH
42 7—
16(3vVl
+ 2 16-16@3
§ 3îæ3 1-16

B a tet o f
|Interest at
P a r i s .... . . . . .
Berlin............
H unhurt?....
P -a n kfort. ..
Am sterdam ..
B ru ssels......
V ie n n a ............

8 .. Petersburg.
Madrid
CLinenhftffon

Bank
B ate.

Open
Market

Bank
B ate.

i
3
3
3
3
3
4
m
5
4

~ 1 M~
2H
2H
2%
2H
2
3%
5
4
4

2
3
3
3
3
3
4
5H
5
4

Bank
B a te

Open
Market

2
3
3
8
3
3
4
5H
5
4

1«
sh

2H
2H
2 <H

1

2
SH
5
4
4

$10,645,391
104,958,291

$8,876.389
85,173,170

$7,839,927
84,308,o77

$6,329,752
74,473.186

Total 12 weeks $115.603.682

$94,049.559

$92,148.301

$80.802,938

Por the week..
Prev. reported

The following table shows the exports and imports of
specie at the port of New York for the week ending March
26 and since January 1, 1898, and for the corresponding
periods in 1897 and 1896.
B XP O R T8 AND IM PORTS O P SP EC IE A T N E W T O R N ._____________

Open Bank
Market B ate.
1H

2
3
3
3
3
3
4
5H
5
4

2 <H
2%

2M
2H
2
S%
m
4
4

Open
Market
m
2H
2H

2H
2H
2
SH
m
4
4

1896-7.
1895-6.
1897-8.
Imports ofwheat.owt. 33,212,610 37.785.230 35,593.360
Barley-......................... 1.2,556,494 15,030,720 14,979,010
O ats............................. 8.346,360 10,030.600 7.398,070
2,014.310 1,639,520
Peas............................. 1.575,300
1,805,510 2,057,742
B eans........... ........... 1.657,440
Indian corn................. 26,025.160 33.690,930 25.7 LI.700
....................................................
12,711,380
11,894.260
Flour............................11.985,580
Supplies aVaila Die for consumption (exclusive o f

September 1):

jt ó |

1894-5
36.086.096
17,0'1,254
7,630,25
1,375,8*9
2.524.282
14,144,314
10,980,410

1894-5.
1895-6.
1897-8.
Wheat imported, owt.33,212,610 37.785.230 35,593.360 36.066.096
Imports o f flo u r......11,985,580 12,711,380 11.894.260 10,980,410
9,059,165 12,807,200
Soles of home-grown. 16,165,910 15,049,250
Total____________61,364,100 65,545,860 56,546,785 59,853,706
1894 5.
1895-6.
1896-7.
1897-8.
19s. 9d
25s. 51.
27s. li d .
Aver, price wheat,weefc.3'»a. 101.
19s.
9d
25s. Id.
29s. 3d.
Average prloe. season.-33s. l i d .
E n s lls h F in a n c ia l M a rk ets—Per Cable.

Sat.

25» ib
1116 6
11138
103-25
1070
24*6
8134
177a
888s
43*3
12*41
32%
100*4
185
46*4
65%
1078
109%
14*4
4370
Northern Pacific, com. 20*3
59*8
Preferred..................
573a
Pennsylvania.— ----8*8
Fhlla. & Read., per sh.
Will. & Read., 1st pref . 18%
9%
.
7%
. 24%
Preferred..........
1638
Union P aolfio..-.
Do
new pref. . 48%
15

Silver, per ounce.......d.
Oonsols., new, 2% p.ots.
For accou n t...............
Fr’eh rentes (inParisVfr.
Atoh. Top. A Santa Fe.
Do
do
pref.
Canadian Pacific..........
Chesapeake & Ohio......
Ohio. Mllw. A St. Panl.
fienv. & Rio Gr., pref.
lirie, com m on .............
1st preferred............
Illinois Central..........
Lake Shore...................
Louisville & Nashville
Mexican Central, 4s .
Mo. Kan. & Tex., com.
H. Y . Oent’l & Hudson

Mon.

Tues.

Wed.

Thurs.

F ri.

2530
L113i8
1113|6
103-15
11*3
2530
83*4
18*4
9130
43*4
1250
34*3
101 »3
186
48%
66
1070
111
14*3
4470
21%
61*6
58
8
19
10
7%
25*3
18*4
51*8
15*3

2530
111*4
111*4
33-32*8
1170
27*8
84»s
19%
94*3
46
13*4
35*3
103*8
188
51*4
66*4
11
115*3
15*3
48
24*8
64
58%
87S
20
1070
8*4
27 *a
19%
54
16%

25*1]«
111316
1117i*
103-40
12*4
2678
85
1970
94%
46
13*3
35%
103*3
189
5278
66*4
11*3
114*3
15*4
47*3
24*4
64*4
58%
9
20%
10»8
8*4
2730
20*4
5378
16%

25*1,6
111*3
111%
03-32*3
12
27%
84%
19%
94
46
13*4
35%
103*3
189
52
66*3
11*3
116
15%
47%
24*4
65
59*8
67g
21*s
11
8%
28
20
5470
16*3

25-Wie
n iM
u i%
103-45
1170
26
8350
I960
93
45*4
13*8
3530
102%
51
66*8
1170
114*3
1478
46-3
2350
64
58%
8*3
2070
10*3
8*8
2670
20*8
54
16

g6,317,786
9.693.870
7,507,064
161,596
25,520
190,819
82,109

$2,446,718
2,326,873
3,251,4 38
28.616
3,674,785
2,448
23,45 j
33,770

$168,626

$168,62« $3,708.755 $8,079,548 $23.978,764
46.671
1,034,910
1,042,021
6,800
37,972 17,331,241
186,225 12.777,210
Im ports.

E xports.
Silver.

1,225,913
421,000
410
172.626
14,159
56,575
600

$776,990
1,772

$548
22,232
358
110,647
272,846
231,142
15 064

$20.429
38,349
31,202
$89.980
16.072
72,909

$77°,762 $9.891,283
911.640 10.741.108
917,049 12,561,343

Total 1898.
Total 1897.
Total 1896.

Since Jan. 1.

Week.

Since Jan. 1.

Week.

Great Britain..........
Prance.....................
Germany............. .
West indies.............
M exico....................
South America.......
All other countries.

$652,837
488.479
646,677

“ New Y ork City, Boston and P hiladelph ia Banks.—Below
we furnish a summary of the weekly returns of the Clearing
House banks of New Y ork City, Boston and Philadelphia,
The New York figures do not iaclude results for the non­
member banks, which will be found separately reported on
the fourth page following.______ [à______ _______ ____________
BA N E S.

The daily closing quotations for securities, etc., at London
ure reported by <
L ondon.

Since J a n .1.

Week.

$200

Total 1898...
Total 1897........
Total 1896...

stocks or

J80e.7t

Since Jan. 1.

Week.

Great B ritain....
Prance................
Germany.......... .
West In dies.......
M exico...............
South Am erica..
All other countries.

Tne following snows cne imports of cereal produoe in to
the United Kingdom during twenty-eight weeks:

IMPORT*

Im ports.

E x p o rt«.

Gold.

Feb. 25.

Mar 4.

Mar 11.

Mar. 18.

1895.

1896.

1897.

1898.

Capital A
Surplus.

Loans.

Specie.

9
133.281.8
133,281,8
133.28 L.8
133,281,8

9
628 256.4
617,864,0
607,278,9
600,168,4

9

1201259
1210146
12927.59
1362896

î

68,587.6 182,956,0 11.425.0
68,587.6 181.940,0 11.768.0
68,587,6 180,679,0 11.733.0

\

35.388,0 120,845.0
35,388,0 118,797.0
35,388,0 117,369,0

1

Letal».

Deposits.1 OireVn Clearings,

77.202,7
72,527.3
70.828.5
68.974.5

$
706.020.4
695.481,9
618.177.4
685,650,6

8.289.0 181.924.0
8 851.0 181.932.0
9.105.0 180.679.0

36.435.0
36.122.0
34.117.0

129.270.0
126.990.0
123.183.0

$

9

904.747.4
732.221.3
785.675.9
611,838,a

13.774.9
13.795.7
13.864.8
13,861,4

5.389.0 101.230.3
5.387.0 100.432.7
5.392.0 84.110.4
5.716.0
5 713,0
6.760.0

65.143,3
69,684.9

61.239.5

A uction Sales.— Among other securities the following, no:
I

By Messrs. R. Y . Harnett <Sr Co:
Bonds.

Shares.

10 Autom. Telep. Con. Co. 1
50 Cheshire Lime Co..25c. per sh.
$10,000 N.Y. & Perry Coal > $700
6 First Nat. Bank of Pull­
& Iron Co. 1st t s ............. )
man, Wash........ $210 for lot
25
38 B. Kreischer&Sons.$50forlot. $2,000 Lotos Chib Income 6s.

By Messrs. Adrian H. Muller & S o n :
Shares.

50 Rutgers Fire Ins. Co....... 116
25 Bowery Bank...................310
J37 Westchester Fire Ins.Co.230
164 Whitman & Barnes Mf’g
C o .................................... 50

Bonds.

$20.000 Bleecker St. & Ful­
ton Ferry RR. 1st 7s, 1600*

j&r.....................103*8 &int.

$50,000 Sanford & Lake Eustls RR. 1st M. 1894 coup, on 5
$85,000 The Akron St. Ry.
& Ilium. Co. 1st oons. 5s,
1926. J & J ......................... 20

g a tx M tc s a n il f i n a n c i a l

Spencer Trask & C o .,

---xne Uicuu
r --------- mi” j j* " i I .
BANKERS
January 81 in our advertising columns. Their dividend for ET âc 29 PINIE S T R E E T ,
NEW Y O R K ,
1897 has been fixed at forty francs, or 8 per cent, against
65 State Street, A lbany.
thirty five francs for 1896
IN V E S T M E N T S E C U R IT IE S

C o m m e r c ia l a n d p tla c e X la u e n tts K e w s
following are
the imports at New York for the week ending for dry goods
March 24 and for the, week ending for general merchandise
March 25 also totals since the beginning of the first week
In January.
Im po rts

and




Expo rts

for the

W

e e k .— The

George Barclay M o ffat.

M

A l e x a n d e r M. Wh it e , J r

o f f a t
& W
BANKERS,

No. I NASSAU ST R E E T ,
IN V E S T M E N T

; V"'

h it e

,

N RW Y °»J U

S E C U R IT IE S

THE CHRONICLE.

A m ul 2, 1898.J

^ J a n k e rs' ( S i m i l e .
D IV ID E N D S .

Name o f Company.

R a ilro a d s (S team .)
Berkshire (quar ) ........ ........
Cumberland Valley (quar.).......
European & North American ..
Eel R iver.....................................
6a. HR. & Banking (quar.).......
Maine Central (quar.)..................
New London Northern (quar.)..
Norwich <fe Worcester (quar.)___
Old Colony (quar.)_______
do
do
reg. gu. (qu.)
Sioux City & Pacific (pref.)........
Vermont & Massachusetts guar.
Western Pennsylvania......
S tre e t R a i l w a y s .

Brockton (Mass ) St. Ry. (quar.)
Cleveland City Ry. (quar.)..........
Lowell Lawrence & Haverhill
St. Ry., Lawrence.Mass. (quar. )
Newton (Mass.) & Boston St (qu.)
North Chicago St. Ry. (quar ) . ..
Wellesley &, Boston St. Ry. (quar.)
B an ns,

Gallatin National........................
“
“
(extra)............
N. Y. Produce E x ch a n g e ........
Riversine (quar.)..........................
iV Ü M e e lla n e o n s .

When
P er
Cent. Payable.

April
April
April

1
1
1
1
15
6
15
1
3
1
1
1
5
1
7
15

1%
2%
1%
2
2%
1%
2%
) *2
2*4
2
i%
1%
i%
3ia
3
3

April
April
April
April
April
April
April
April
April
April
April
April

lia
%

April 1
April 10

1
lia
3
1 ia

April
April
April
April*

May
April
April
April
April
April
April
April
April
\prll

banks which clear through the Clearing-House institutions.
The statement in full for tne latest week will be found on
the third page following.
Foreign Exchange.—The foreign exchange market is some­
what firmer than at the opening of the week, but rates con­
tinue at the low level previously reported, and gold import«
have increased.
,
To-day’s actual rates o f exchange were as follows: Bank-'
erg’ sixty days’ sterling, 4 8034@ 4 81 ; demand, 4 83!^@
4 83% ; cables, 4 84%@4 84% ; prime commercial, sixty days,
4 80% @4 80%: documentary commercial, sixty days. 4 79%@t
4 8» % ; grain, 4 80%@4 80% ; cotton for payment, 4 79%@4 80 i
cotton for acceptance, 4 80%@4 8o%.
Posted rates of leading bankers follow :
A p ril 1.

Sixty days.

Prime bankers’ sterling bills on London
Prime com mercial.........................
Documentary commercial...............
Paris bankers’ (francs).........................
Amsterdam (guilders) bankers.................
Frankfort or Bremen (reiohmarks) b’kers

1 Æar. 24 to Apr. 1
1
— t o ---------15
6 to Apr. 15
1
— to ----- :----

5 1 April 61
1 C
3
April 15
lia April 1 -

American Tobacco com. (quar.).
2 >
“
“
pref. (quar.).
2 $
Boston Electric Light (quar.)... $1 50
Cent. & S. A. Teleg. (quar.)........
lia
Cincinnati Gas Lt. & Coke(quar.)
21a
Consolidated Ice pref. (quar.)...
lia
N. V. <fcPa. Telep. A Teleg. (quar.)
1%
Penn. Heat, Lignt & Power com. 50o. >
“
“
“
pref. $1 55 5
Philadelphia Comp xny...............
1
R. I. Perkins Horseshoe pf. (qu.)
II4
United Gas improvement(quar.)
2

B ooks closed.
( B a y s inclusive.)

619

8 to Apr. 15
— to Mar. 31

2i
15 1
1 to Apr. 15
6Â
1 to Apr. 6
1J
22 to Mar. 31
15 1
6 to Apr. 17
15
15 to
9 1
Apr. 1 to Apr. 10
15 - t o ----------1
15
- t o ----------

W A L L ST R E E T. F R ID A Y , A P R IL 1. 1 S B 8 -5 P. M.

The Money Market and F inancial Situation -T h e report
o f the Naval Coart of Inquiry made public on Monday was
at first regarded as not likely to further unsettle our relations
with Spain, and its effect, together with rumors of a settle­
ment of all matters in dispute between Spain and the United
States, was a sharp advance in prices at the Stock Exchange.
This advance and the volume of business was largely aug­
mented by efforts of the short interest to cover outstanding
contr icts. There was, however, heavy buying by commission
houses and investors. Since Monday the markets have been
sensitive and feverish on the diversity of opinion and fluctu­
ating tone of public sentiment as to the probable outcome of
the present situation. The disposition not to take precipi­
tate action has generally prevailed, however, and the
"belief that peace will be maintained, notwithstanding the
present uncertain outlook, is firmly cherished by many. No
other influence than the above has perceptibly affected the
course of the markets, which have become weaker towards
the close, it is significant, however, that the closing prices
of stocks to-day were an average of about three points higher
than the close last week.
The gold import movement has increased in volume,
amounting for the week to $8,745,000, which brings the
total received and engaged for this poit up to $40,535,000.
-Lfiere have been some sharp fluctuations in the money mar­
ket, especially for call loans. The offerings o f time money
are mote liberal, but the demand is limited and the market
generally dull.
The open market rates for call loans on the Stook Ex­
change during the week on stock and bond collaterals have
ranged from
to 5 per cent.
To-day’s rates on call were
2% to 5 per cent. Prime comm ercial, paper is quoted at
6 to 6 per cent.
The Bank of England weekly statement on.Thursday
showed a decrease in bullion of £926.695 and the percentage
o f reserve to liabilities was 38 31, against 42'97 last week; the
discount rate remains unchanged at 3 per cent. The Bank
of France shows a decrease of 5,425,000 francs in gold and
an increase of 1,300,000 francs in silver.
The New York City Clearing-House banks in their state­
ment of March 26 showed ah increase in the reserve held of
$5,159,700 and a surplus over the required reserve o f $33,851,475, against $28,060,050 the previous week.

Dem and.

4 81%®4 82 4 84%-@4 8.5
4 80*4*4 80%
4 79% *4 80%
5 245,,(® 2438 5 23h„® 522%
3 9 'l,ft®39% 391516®4<)
9378 * 9 3 lt,i« 94S,p®9438

The following were the rates of domestic exchange on
New York at the under-mentioned cities to-day: Savannah*
buying % discount, selling par: Charleston buying 1-16 dis­
count, selling 1-16 premium ; New Orleans, bank, par; com ­
mercial $100 discount; Chicago, 30c. per $1,000 discount;
St. Louis, 25@40c. per $1,000 discount.
United States Bonds.—Sales of Government bonds at thè
Board include $269 500 4s, coup., 1925, at 1Ì8% to 123; $21,000
4s, reg., 1925, at 118% to 121%; $8,000 4s, coup., 19^7, at 110
to 112%; $V«00 4s. reg., I9u7, at 109%; $35,000 5s, coup., at
11<1% to 112%. and $15,000 5s, reg., at 111%.
The foliowm g are thè closing quotations :
Interest Mar.
Periods. 26.

2s,...................... reg.
4s, 1 9 0 7 ............reg.
4s, 1907..........coup.
4s, 1 9 2 5 ....... reg.
48,1925........ .coup.
5s, 19 0 4 ............reg.
5s, 1904..........coup.
6s, our’cy,’ 99.. .reg.
4s, (Cher.) 1898.reg.
4s, (Cher.)1899.reg.

Mar.

28

M ar.

29.

Mar.

30.

Mar.

31

Ajir.

Q. -Mch.
Q .-J a n .
Q .-Jan
Q .-F eb .
Q .-F eb.
Q ,-F eb.
Q .-F eb.
J. & J.
March.
March.

* 97% * 98 * 98 * 98 * 98 * 98^
■*108
108% 109% *109 *109% 109%
*110 *110% 111% 112% *111
111*
118*3 119% *121 *121 *122% 121%
118% 121
1213g 122
122% 121%
*110% *110% *111% *111% 111% *111%
110% *110s 111% *111% 112% 111
*103 *103 *103% *103% *103% *103
*100 *100 *100^ *100*4 *100% *100%
*100 *100 *100*4 *100*4 *100% *100%
* This is the price bid at the morning board; no sale was made.
'!

Stock and Bond Sales.—The following shows the volumfe
of business, in stocks aad bonds, on the New York Stock
Exchange for the past week, and since January 1.
^-1
Sales
r-W eek ending A p ril 1—, ,-------- Jan. 1 to A p r il 1.
N. r . StockBxch.
1898.
1897.
1898.
1897. 3

Government bonds
State bonds........
RR. & misc. bonds.

$399,500
40,500
11,313,500

$141,500
25,000
6,552,000

$2,251,800
888,700
240,542,210

$4,788,500
658;500
115,107,940

Total.............. $11,753,500
$6,718,500 $243,182,710 $120,55,4,940
Stocks—No. shares
8,312,154
1,376,193
28,842,158
11,730,053
Par value....$325,443,350 $131,933,550 $2,820,454,825 $1,136,064,000
Bank shares,par val.
2,200
$900
$80,200
$102,960

W e add the following record o f the transactions for each
day of the week.
Week ending
A p ril 1,1898.

Saturday............
Monday...............
Tuesday.............
Wednesday.........
Thursday............
Friday..................

.---------- Stocks-----,---- , R ailroad, die. State
Shares. P a r value.
Bonds.
B onds.

262,348
931,389
440,600
651,056
512,806
513,955

$25,700,800
92,011,250
43,551,550
63,794,850
50,505,900
49,879,000

$9^3,000 ..............
3,228,500
$5,000
1,467,000
10,000
2,348,000
21,500
1,773,000
4,000
1,509,000

Tot»1.............. 3,312,154 $325,443,350 $11,313,500

77. S. .
Bonds.
$32,00#
46.000
105,000

66.000

41,000
109,500
$40,500 $399,500

State & R ailroad Bonds,—Sties of State boads at the
Board are limited to $35,001 Virginia fund, debt 2-3s of 199i
at 68 to 70.
The market for railway bonds has been unsteady, both in
vol ime o f business and prices. Transactions at the Exchange
amounted to $3,355,000, par value* on Monday, since wtiioh
they have averaged only, $1,832' 000 per day. Bonds of the
better class have not been offered freely. As has generally been
the case of late, transactions were heaviest in bonds of the
recently reorganized companies, with Atehison, Union Pac­
ific and Northern Pacific is-ues most conspicuous. The bet
advance in many of the active bbbds isifrom 2 to 3 points, in
some «-ases amounting to 5 to 6 poiats, but for the entire fist
it is smaller. For full information in’ regard to quotations
our readers are referred to the following pages.
1898.
D ifferen’s f r’ m
R ailroad and Miscellaneous Stocks.—The stock market
1897,
1896.
Mar. 26.
Prev. week.
Mar. 27.
Mar. 28.:
has been extremely sensitive during the week on the varying
tenor of the hews from Washington and Madrid. On Mon­
$
$
$
$
Capital................. 59,022,700
59,772,700 61,122,700 day prices advanced au average of from 6 to 8 points, oh the
Surplus..........
74,259,100
73.953.800 72,833,300
Loans & diso’nts. 600,168,400 Dee.7,i 10,500 504,478,200 464,996,400 belief that a peaceful settlement of present difficulties would
C ircu lation....... 13,861,400 Deo.
3,400 15.826.800 14,216.000 be reached, but this belief has not been sustained and prides
Net deposits.___ 685,650,500 Deo 2,526,900
482,215,500 have fluctuated over a wide range. Transactions at the Ex­
Specie..... ............ 136,289,600 Ino.7,013,700 571,723,000
85,996,900 58,931,900 change have been heavy, amounting to 858,000 shares on Mon­
Legal tenders.... 68,974,500 Deo. 1,854,OOO 105,829,600 79,769,400
day and averaging nearly 600,000 shares per day. Naturally,
Reserve h e ld ..... 205,264,100 Ino .5,159,700 191.826,500 138,701,300
Legal reserve,... 171,412,625 Deo. 631,725 142,930,750 120,553,875 the more speculative stocks show the most erratic changes
but the wide range covered by all classes of shares is unusual!
Surplus reserve 33,851,475 Ino .5,791*425 48,895,750 18,147,425 The complete list o f quotat-ous on the following pages shows
the highest and lowest prices recorded day b y day and the
rfl-Evfof Sf§PPnS_H °aée, on Oct. 30,v1$9L also began issuing1 nhihbeh o f sbafres dealt m duriag Hie W&*k o f all'stocks lis&d
^weekly returns snowing the condition" o f thè nòn-meiiibe|r^ ©h the Nbw Y orkStock Exchange.




650

T H E

C H R O N I C L E . — S T O C K P R IC E S

(3 p a g e s ) P

age

1.

[V ol.

l x v i

New York Stock Exchange—A Daily, Weekly and Yearly Record.
'On this and the seven pages which follow we furnish a complete record of the transactions on the N. Y. Stock Exchange. It includes
« v e ry security dealt in on the Exchange, whether stocks or bonds. The stock table is self-explanatory. As to the bonds the Friday price is
either (1) the closing sale price where there has been a sale; or (2) it is the bid and asked price for that day, or (3) if there is no bid price on
Friday it is the latest bid and asked price for the week. The column o f “ Week’s Range or Last Sale ” gives the highest and lowest prices for the
week, based on actual sales; where no sales have occurred, we show the last sale previous to that week, with the date, the record in this
•nstance being extended back to January 1 of last year. The column of “ Bonds Sold” shows the number of one thousand dollar bonds sold
during the week. “ Outside Securities ,” at foot of each page, comprise securities not listed on the Exchange or only infrequently dealt in there
STO OKS—H I OHE ST A N D L O W E S T S A L E PRIC E S.
Saturday, i Monday, \ Tuesday, \Wednesday, Thursday, \ Friday,
M arth26.
M arches.
M arch 29.
M a rch 30. i M arch 31. j A p ril 1.

I Sales
Range f o r yea r 1898.
STO C K S.
o f the [On basis o f 1 00-share lot»,\
N. Y. STOCK EXCHANGE. I ¡¡fiares.
Lowest.
Highest,

i
R a ilr o a d S tock s.
§183 Jan.
186 Feb.
........ ¡Albany & Susquehanna ...
*180 ........ *180
'180
12 Mar.
15 Feb.
12
13 'Ann Arbor
'12 13
*12 13
13
1,051
34
Jan.
40% Feb.
35
35
I
Do
pref.
37%
*36
37%
37%
37%
*35%
35%
36
10%
Feb.
4,240
13% Feb.
11% 11% Atchison Topeka & Santa Fe.
11
11 % 11% 12 % 113a 11 %
11
11
32 % Feb.
Do
pref. 45,308 22% Mar.
27% 255s 26% 24% 25%
25% 26 j 26
243a 24%
12%
Jan.
3,135
19 Feb.
16
16% Baltimore & Ohio....................
17
16% 16% 16% 17% 17
1512 16
5% Jan.
300
7% Feb.
*5% 6% Balt. & Ohio Southwest., pref.
5%
5%
6
*5%
6% l
6%
612 *5%
§105
Mar.
§105
Mar. 9
102 105 ¡Boston &N.Y. Air Line., pref.
105 '102 105
'io :
'102 105
105 *102
35
Mar.
77,825
43%
Feb, 18
37%
39%
Brooklyn
Rapid
Transit........
38%
40%
385s
40
37% 38%
36% 36%
25 Mar.
30% Jan. 6
30%!Buffalo Rochester & Pittsb...
30% *21
30% *21
*21
30%' *21
*2 1
30i2 *20
Jan.
65
67%
Jan.
3
*60
66
Do
pref.
*60
66
*60
66
*60
66 I
*59
64
*59
§65 Mar.
§72 Jan. 10
................... ¡Burlington Ced. Rapids & No.
3,010
Mar.
79
90%
Jan.
20
80%
80%
Canadian
Pacific.....................
82%
!-2%
79
79is 80% 81% 82% 82%j 47% 4*534 81% 81%
2,725 44% Mar.
57% Feb. 5
48
48 I 4 7 % 47 %, Canada Southern....................
48%
45% 45% 47% 48% 47
62 Jan.
70 Jan. 25
................... Capital T raction ............. .
86% Mar.
98% Jan. 7
93
94%! 91% 94 Central of New Jersey............ 10,80
91% 93% 94
95
86% 88% 89% 95
210 11% Jan.
14 Feb. 16
12% *12 13 I §12 12% Central Pacific......................... 23,550
11% 12% 12% *12
♦10% 11% *11
17% Mar.
24% Feb. 1
13% 19% 18% 19% Chesapeake & Ohio................
18% 19%l 19% 20
17% 17% 17% 20
§150
Mar.
§166%Jan.
14
*152 160 *152 160 '154 160 *154 160 *155 160 *155 160 Chicago & A lton,....................
§166
Mar.
24
§166
Mar. 24
§166
.........*166
___..|
Do
pref.
........
166
'166
*166
*166 ........
85%
Mar.
317,117
26
103%
Feb.
11
QQjg
94%
Chicago
Burlington
&
Quincy
90% 92% 92% 95% 93% 95%
85% 88% 89% 95
51 % Mar.
60% Feb. 1
57 Chicago & Eastern Illinois...
*55
59 I -52
*55
59
*55
57
*52
56
*52
54
102
Jan.
113%
Feb.
1
Do
pref.
105 108 ,*103 106%
106 103
105 108
*104 106 *102 106
8,100
9% Feb.
16% Jan. 8
10% Chicago Great W estern........
10% 10%! 10
10% 11
9% 11% 10% 11
9% 10
Do
4% debentures.
28 Mar.
36% Jan. 28
Do
5% pref. “ A ” ..
29
30
*26
*26
30_ *....... 29
*26
30
*25
22% Feb.
Do
4% pref, “ B ” .
25% Jan. 14
24%
24% *20
24% *20
24% *20
24% *20
*20
7
Feb.
10% Jan. 14
Chic.
Indianapolis
&
Louisv.
8
*7
8
*7
8
*7
*7
8
8
*7
8
-7
23% Mar.
33% Feb. 2
Do
pref.
25
*23
25
*24
*23
25
-22
25
*22
23
24
*22
375,195
Jan. 12
85%
Mar.
97%
Chioago
Milwaukee
&
St.
Paul
92
86%
90%
90%
92%
89%
92
85% 88% 88% 94% 1188
769 142% Jan. 3 149% Feb. 16
Do
pref.
144% 144% 144 144 *142% 144%
145 146 X143 143
144 144
31,5451413%
Mar.
Feb. 11
130%
120%
Chicago
&
Northwestern.......
122%!
117
115% 121% 117 118% 119 121% 119
114%116
........ 163 Jan.
175 Mar. 7
Do
pref.
120,825
80
Mar.
Jan.
28
94%
83%
86%
Chicago
Rook
Island
fe
Pacific
87%
80% 82% 82% 8734 84% 86% 85% 88% x85
6,620, 65 Mar.
79 Feb. 11
68% 70% Chicago St. Paul Minn. & Orn.
72
71% 70
69% 70% 71
66 66% 68% 72
____
§148
Jan.
155
Feb.
28
‘
145
150
Do
pref.
145 150 i *145 150
145 150
145 155
‘ 145 150
354| 4% Jan.
9% Mar. 3
'8
9% Chicago Terminal Transfer..
8% 8%
§8
8
8%
8 % *7% 8%
§738 73s
1,060¡
22%
Jan.
Feb.
5
33
Do
pref.
29
28
29
29
28% 29
§2738 2738 28% 28% *27% 29
8,689 25 Mar.
38% Jan 31
27% Clev. Cincin. Chic. & St. Louis
28%! 26
26% 27% 27% 28 %! 27
25
25% 25% 28
77%
Mar.
Feb.
1
Do
pref.
87
‘ 70
80
80
8,600 11% Mar.
19% Jan. 12
11% 12% 11% 12%' 11% 11% Cleveland Lorain & W heel...
11% 1138 11% 12% 11% 12
47 Feb.
Do
pref.
50% Feb. 9
49
44
48 j *44
48
48
........ 48
*........ 48
Cleveland & Pittsburg, guar.
168
*168
168”
del"
168 ....
*168 . . . .
800! 5 Mar.
8% Feb. 10
5%
5% Col. Hocking Val. & Toledo..
6%'
*5%
6
6
*3% 6%
5% 6%
*5% 6
........ 17 Jan.
25 Feb. 9
Do
pref.
25
*18
25
18
*17% 25
*17% 25
*17
25
‘ 17% 25
. . . . . . §99% Mar.
Columbus & Ninth Ave .......
§99% Mar. 18
1,619106 Mar. 12j tl4 % Feb. 3
107 110 §106 106% 107 110 §109% 109% 108% 108% Delaware <fc Hudson...............
106 106
40 1 45 Mar. 251159 Feb. 5
DelawareLaokawanna&West
*147% ........
145
§144% 144% '145 150 *145
.........I 12 Jan.
13 Jan. 12
Denver
&
Rio
G
rande..........
12
*........
11%
*11
*10 11
4,265
41% Mar.
52% Feb. 9
Do
pref
44
41%
44
%
44%
45%
45
§45
45
45%
43
42%
41%
11
Feb.
Des
Moines
&
Fort
Dodge___
15% Feb. 2
14
-10
14
*10
14
*10
*10
14
*8% 13
'8% 12
Do
pref.
*70 ......... *70
*70
*70
*70
*70
Duluth
South
Sh.
&
Atlantic.
*2% 4
*2% 4
*2% 4
*2
4
4
*2
*2
4
5% Mar.
Do
pref.
7% Feb. 5
*4% 6
*4% 6
*4% 5
*4%
5
6%
*4
6
*4
2,835 11% Mar.
16% Feb. 4
13
12% 12% 12% 12% Erie..........................................
12 % 13% 12% 12% 13
11 % m
4,510!
3
i%
Mar.
43%
Feb. 11
Do
1st
pref
32
34%
34%
31%
35%
35%
33%
34
35%
31% 31% 33
Do
2d pref
179 16 Mar.
2 1 % Feb. 11
*16
*16
16
16
Jan.
Jan.
7
.......
23
Evansville
&
Terre
H
aute...
25
22
*19
22
*18%
22
*18%
22
-18%
*18% 22
*18% 22
....... 40 Jan.
Do
pref.
41 Jan, 11
42
-38
42
*37
42
*37
42
42
*37
*37
42
*37
Flint
&
Pere
Marquette
Mar.
Feb.
14
100
10
14%
12%
12%
*9% 11%
Do
pref.
10! 41 Jan.
43 Jan. 28
35
*25
27
§27
Ft. Worth & Den. O., stamped
50l 21 Feb.
28 Mar. 5
§28
28
....... 15 Jan.
-Vg- Ï4 "
16% Jan. 31
16 Ft. Worth & Rio G rande__
16
*10
15
16
*10
14
Great
Northern,
pref.
........
Feb. 4
Jan.
162
135
130
152
147
153
§150
149% 149%
147 153
146 154
Green
Bay
&
Western..........
Jan.
32% Feb. 24
.......§30
40
*30
40
*30
40
»30
*30
40
*30
40
*30
40
Do
debt certfs. “ A
.......! 43 Mar.
49 Jan. 27
Do
debt certfs. “ B ”
.......I 5 Jan.
6 % Jan. 25
108% Jan. 31
6,548' 96% Mar
100 100% 99% 100% 98 100 Illinois Central..................... .
98% 100
96% 983s 97% 101
'90
98
Bo
leased
line,
4%
§94
Feb. 18
........
§94
Feb.
*90
98
*90
96
*90
98
*90
98
*90
98
'7%
8% Iowa Central.......................... .
........ I 7% Mar.
9% Jan. 13
*7%
8%
*7% 8
*7% 8
8
7% *7
*7
Jan.
8
300,
26
Mar.
35
'26%
29%
Do
pref
29
*27
27%
27%
27
27
26%
26%
*24
27
6 Kanawha & M ichigan..........
........
6 Feb.
6 % Feb. 2
........
6
6% .......
6
6
6
Feb.
10
§18%
18%
Kansas
City
Pitts.
&
Gulf__
24%
2,110
18%
Mar.
22
2
0
%
21
20%
20
19%
19
19%
*18%
*3
4% Keokuk & Des Moines..........
........
3 Jan.
4% Feb. 8
*3
4%
*3
4%
4%
4% *3
*3
*3
4%
Do
pref
........ I 16 Feb.
18 Feb. 2
15
*12 15 *12 15 *12 15 *12 15 *12
*32
35 Keokuk <& Western............... .
34 Jan. 31
........ 33 Feb.
*32
*32
35
35
*32
35
35
*30
*1
10 Kingston & Pembroke........
10
10
*1
*1
*1
10
*1
10
*1
10
14% Lake Erie & Western............
18% Feb. 8
225 12% Mar.
*14
15% *14
16
*14
14
14
12 % 12 % *12% 14
76% Feb. 8
*69
72
Do
pref.
562 66 Mar.
71
70
70
69%
70
67% 67% 69% 69% §70
194% Jan. 29
2,076,170% Jan.
181% 181% 183 185% 185 185% 183% 183% Lake Shore& Mich. Southern
180% 185
180 180
50 Feb. 9
*40
50 Long Island............................
40 Jan.
50
*40
*40
50
*40
50
*40
50
50% Louisville & Nashville............ 98,124 45 Mar.
60% Jan. 31
51
51% 48
46% 51% 48% 49% 50% 52
45
47
94%
98
%
Manhattan
Elevated,
consol.
120
% Jan. 14
91
Mar.
170,169
94 102% 95% 98% 98 101% 97% 100%
95
91
Feb. 14
135
139%
Metropolitan
Street..........
171%
125%
Mar.
94,751
138%
142%
138%
144
135%
139
142%
134
125% 133
Jan. 8
*5
5
%
Mexican
Central..
..................
6
%
5% Mar.
*5
5%
*5
5%
5%
5% *5
*5
*4% 5%
Feb. 7
*1
1%
Mexican
National,
tr.
rects..
1
%
1
Feb.
*1
1%
*1
1%
-1
1%
*1
*1
1%
1%
114% Feb. 8
104% 105 Michigan Central....................
2,622 99% Mar.
104%106
102 103 104 106 104 104% 104%105%
Feb. 15
30%
*24
26
Minneapolis
&
St.
Louis........
24
Mar.
1,100
*24%
26
24%
25
24%
24%
24% 25%
*22 25
88% Feb. 15
Do
1st pref.
79 85% Jan.
83
82
§83
*80
85
§82
§82
82
80
85
84
*80
Feb. 15
59%
Do
2d
pref
46
Mar.
1,360
»50
-50
53
54
50
50%
§47
47
46
46% 49% 52
7 Mar. 11
Minn. St. Paui & S. S. Marie..
6% Mar.
*5
*5
Do
pref.
*14
*14
-14
14% Jan. 26
610 10% Mar.
11% -11
11 % * 10 % 11 % Missouri Kansas & Texas . . . .
'S 10% 10% *10% 11% §11% 11% 11%
41 Jan. 28
Do
pref. 10,356 28% Mar.
33
34% 33% 34% 33% 34%| 31% 33 34
32% 35
31
32%

*180
*11
*34
*105s
23*2
15*2
*5*2
102
35

-180

12% *11

12%
35%
11%
27%
16%
6%
105
39%
30
64

'180

*11

* T h e s e a re bid and asked prices; no sales on this day.

OUTSIDE SECURITIES
S tre e t R a ilw a y s .
N EW YO RK CITY.
Bleeck St & Ful F—Stock.
1st m ort 7s 1 9 0 0 ... J&J
B’way & 7th A ve—Stock.
1st m ort 5s 1 9 0 4 ...J&D
2d m ort 5s 1 9 1 4 ....J&J
Con 5s 1943—See Stock
B ’way Surf 1st 5s g u . 1924
2d 5s int as rental. 1905
Central Crosstown—Stock
1st M 6s 1922....... M&N
Cen Pk N & B R iv—Stock
Consol 7s 19(12..... J&J*




Bid.

Ask

32%
104
207 209
106 110

111

B xch 1 ist.
115 117
106 107

200
118
173

110

180
113

(G

iv e n

at

§ Less than 100 shares.

foot

S tre e t R a ilw a y s .
Christ’p’r & 10th St>-Stock
1st mort 1898....... A&O
Col& 9th A ve 5s-See Stock
D D K B & Batt’y—Stock..
1st gold 5s 1 9 3 2 ... J&D
Scrip 5s 1915.........F&A
Eighth A venue—S tock ...
Scrip 6s 1914.................
42d & Gr St Fer—S tock ...
42d St Man & St N A v e ..
1st mort 6s 1 9 1 0 ..M&S
2d incom e 6s 1915.J&J
Tier Av& Par F Ss-S é Stk

of

8

c o n s e c u t iv e

Bid. Ask.
154 164
100 % 103%
E x ch l ist.
175 195
114 117M
100 103
310 325
108
320 360
58
61
116 i 117
90
91
Bxch i Ist

pa g e s).—

S tre e t R a ilw a y s .
Metropolitan—See Stock
Ninth A venue—Stock—
Second Avenue—S to ck ...
1st inort 5s 1909. .M&N
Debenture 5s 1909.J&J
Sixth Avenue—Stock.......
So Fer 1st 5s 1919. .A&O
Third Avenue—S to c k ....
1st m ort 5s 1 9 3 7 ...J&J
28th & 29th Sts 1st 5s. .’ 96
Twenty-Third St—Stock.
Deb 5s 1906............ J&J

Union Rv—Stork........

Bid.
B xch i
192
165
108
106
195
107
168
120
108%
310
103

175

STREET RAILWAYS, &c.
ist.
194
110%
210
112
170
123
110%

S tre e t R a ilw a y s .
Union Railway—(Cont)—
1st 5s 1942............ F&A
W estchest 1st 5s ’ 43.. J&J
BROOKLYN.
Atlan. A ve., B ’klyn—
1st 5s 1909.............A&O
Con 5s g 1 9 3 1 ....... A&O
Impt 5s g 1034.......J&J
B. B. &W.B. 5s 1933. A « u
Brooklyn City—S to c k ....
Conno 15s 1 94 1 ......7 &J
B’klyn C.& Newt-n—Stock
5s 1939...........
J&J

Bid. Ask.
111% 114
108
106
10«%
85
85
197
114
187
114

108

200
116
116

April

2,

THE CHRONICLE.—STOCK PRICES

!>98.j

(3 pages) Page

STOCKS —H IGH EST A N D LOW E ST S A L E PRICES.
Wednesday,
M arch 30.

M onday, I Tuesday,
March 29.
M arch 28.

Saturday,
M arch 26.

Thursday,
March 31

F nday,
A v r il 1.

STO C K S.
N. Y. STOCK EXCHANGE.

R a ilr o a d S tock s.
26% Missouri Paeiiio......................
22*8 24 % 24% 28% 25% 26% 26% 27% 26% 27% 25
29
28% 28% *27
30
*28
30 Mobile & O h io ........................
*25
28
*25
28% *26
*170 173 *170 173 *170 173 §170 170 *170 173 §170% 170% Morris & Essex.....................
Nashv. Chatt. & St. Louis__
111% 113% 108% 112% New York Central & Hudson.
109 111% 111 113
105 107% 106% 113
12%
12%
*11
%
12%
New
York Chicago & St. Louis
13
*11%
*11%
12%
*1158 13
*11% 13
73
73
*63
*63
Do
1st pref.
73
*63
73
*63
*63
73
73
*63
32%
32
*29
Do
2d pref.
*30
32
§28
*29
28
30
30
*27
*28
New York & H arlem ............
New York Lack. & Western..
§182 182 '183 186 §184 185 *184 186 §1S5 185 §182% 183% NewYork New Haven & Hart.
1334 14
15% 14% 14% 14% 15% 14% 14% 14% 14% New York Ontario & Western.
14
13
14
*11
12 New York Susq.. & West., new
14% 13% 14% §12
»11
12
12
*11
32
32
§32
*30
Do
pref.
*30
35
‘ 30
32
$30
*28
30
30
Norfolk & Southern...............
*62
66
*62
66
*62
66
66
*62
66
14.13 * n % 14
*11 jg 1 4.
15
*12
*12% 14% *11% 14% Norfolk & Western .................
46
Do
pref.
48
47% 45 's 46%
44% 48
45% 46% 47
42% 44
23% Nor. Pacific Ry.,voting tr.ctfs.
19% 21% 21% 24% 22% 23% 23% 24% 22% 21% 22
6¿% 63% 64% 62% 64% 60% 62%
Do
pref
57% 59% 59% 64% 61
Omaha & St. Louis................
44% 46
46
‘ 44
43% 41% Or.RR.&Nav. Co. vot. tr. ctfs.
44
48
40
40
43
43
70
*65
Do pref., vot. trust ctfs.
67
67
70
65% 65% *65
*60
67
67
67
31
80
30% 29% 30 Oregon Short Line..................
*27
30
32
28% 28% 31
30
112 114% Pennsylvania... ..................
112% 114% 113% 115% 114% 115
m u 112% 112% 115
*1
*1
1
1
1%
*%
1%
1% Peoria Decatur & Evansville
*%
1%
6
6
*3
6
6
*3
6
*3%
6
*3
*3
*3
42% 42% *42% 46% *44
46% §43% 43% *44
46
44
44 Pittsburg Cinn. Chic. & St. L.
*55
60
*61
64
6u
Do
pref.
60
65
60
*56
61% 62
Pitts. Ft. Wayne & Ch.,guar.
*166
*168
*166
*166
*166
Pittsburg & Western, p r e f...
16% 17% 16% 17% 16
16% Reading,v otmg trust certifs.
15*8 16% 16
17% 16% 17
41% 40% 411* 39
4u% 1st p ref, voting trust certs.
36% 38
39% 40% 40
37% 42
20% 21% 20% 21% 20
20% 2d pref., voting trust certs.
18% 19% 19% 21% 20% 21
Rensselaer & Saratogo..........
*180
*180
*180
*180
180
*180
Rio Grande Western."!............
Do
pref.
§116% 118% *116 119 *117% 120 *117% 120 *118 120 *118 120 Rome Watertown & Ogdensb.
*5% 6%
*5
*5
7 St. Jos. & Gd. Isl., vot. tr. ctfs.
*5% 7
7
7
'5%
6%
7
fO
§50% 50% 48
*49
Do
1st pref.
§48% 50
48
*45% 49
49
50
"15% 17%
Do
2d pref.
*14
17
17
17
17
17
*14
16
16
16
6%
6%
6%
6%
6%
*6 % 7 St. L. & San Fr., vot. tr. ctfs.
6
§6%
6%
6%
*6
56
§56
*54% 57
Do
1st pref.
§56
56
56
56
*50
54
54% 55
27% 26% 26% 26
28
Do
2d pref.
25% 26
26
23 % 24% 25
26
4%
4%
*4
..........
4%
*4
*4
5
5
St.
Louis
Southwestern
4%
*4
4%
4%
*8
9%
*9
t>%
»9
10
§9% 9%
10
Do
pref.
9%
9%
9%
25
25
*20
25
*20
St.
Paul
&
Duluth....................
*20
*20
25
*20
25
•20
25
79
80
80
86
79
*78% 79% * 77
Do
pref.
*77
*78
*78
86
134 134 *130 136 St. Paul Minn. & Manitoba...
*125 135 §129 129% *128 135 *130 135
*14% 15 Southern Pacific Co.................
13% 13% 13% 13% 14
14
13% 13% 14
14
M% 8%
7%
8%
7%
8
8%
8 Southern, voting trust, certif.
7% 7%
7*2
8
27% 26
27% 25% 2d% Do pref., voting trust cert.
23*8 25% 25% 27% 26% 26% 27
10% 10% 10%
10% 10%
9% 10 Texas <fe Pàciflo.......................
9%
9% 10
10% 10
163% 164
165 170% 167 170 §169 169 Third Avenue (N. Y .).............
160 165
162 169
24
*15
*16
24
*15
24
*15
*15
24
24
*16
24
42
42
42
*36
*36
42
*36
46
*36
46
Do
prèf.
*37
*36
22
Twin City Rapid Transit.......
*19

16%
46%
6%
6%
14%
90%
2
*9%
*138
*3

17
49%
7
6%
14%
90%
2%
10%
2
6

§101%
*110
17
69
*125
6%
*16
116
§110%
97
§115
2%
114
4
*%

*2
»if 20%
5%
*160
178
*30
86
*41

19%
51%
7
6%
15%
92%
§1%
*9%
*1%
*3

102%
140
18
69
130
7%
18
122%
110%
90
99%
115
3%
115
4
1
3
20%
80
6
180
185
32
86

§101
*110
17%
69%
§127
7%
*17
118%
108
93%
117
3%
113
4%
*%

*2
*16

•V

5%
*160
180%
§32
*86
*41

K1231a 1231«

33
34
32
22% 24% 26%
*
99%
*42
*42
§45% 45% *45
39% 42% 40
*80
85
§86
*4
8
*4

33
27
99

33
34% 33
25% 25%
99% *
*42
*42
50
*45
50
*4 4
40% 41
42
41
86
*83
*83
88
8
*4
8
*4
*

* These are bid and asked prices ; no sales on this day.

OUTSIDE SECURITIES
S t r e e t R a i l « a vs
BklynCrosstnSs 1a 0 a . J &j
B’klyn Elevated................
B km H gtslst 5s 1941 A&O
BQnsCo.&S.—1st 5s. 1941
Bklyn Rap.Tran.—See Sto
Cal.Cem Gr.&B’k y n lst 6s
Coney Island & Brooklyn.
1st 5s 1904.............. j & j
5s certfs indbtl910.J& J
Gr.St.&New lst5 s’ 06A & 0
G ’p’t & Lorim er St. lst< s.
Kings Co. Elevat,—Stock
BowW—See Stock Exoh.




Bid.
104

Ask.

93
105
ck Ex.
110
140
103
100
104
110

04
108
List.

I4St.

105
102%
106

(G

iv e n

at

29,082 22 Mar. 12 35% Jan. 28
100 26 Mar. 23 32% Feb. 7
42 §167% Jan. 4 §175 Jan. 14
55,677
100
___
10
123
8,950
2,020
15
12,580
68,012
126,543
1,840
365
2,005
12,939
100
224
400
10

105 Mar.
11% Mar.
73 Feb.
28 Mai.
§320 Jan.
Í21 Jan.
§178%Jan.
13% Mar.
8 Jan.
23 Jan.
65 Jan.

26
14
19
25
5
4
7
25
8
10
29

119% Jan.
15% Jan.
76 Jan.
40% Jan.

28
31
31
29
5
18
2
2
5
11
?8

§1233iFeh.
§195%Feb.
18% Feb.
18 Jan.
38 Feb.
65 .Tan,
17 Feb,
42% Mar. 12 56% Feb. 7
19 Feb. 24 28% Jan. 31
56% Mar. 12 69 Jan. 31
5
7 Mar. 5
35% Jan. 7 54% Feb. 1
65% Mar. 29 72% Jan. 20
19% Jan. 3 33% Feb. 17
110% Mar. 12 120% Feb. 7
7eJan. 7
1% Feb. 11
5% Feb. 11
4 Feb. 26
38% Jan. 5 46% Feb. 7
57 Mar. 23 71 Feb. 7
§168 Feb. 25 171% Feb. 11

14,565 15% Mar. 25 23% Jan.
20,661 36 Mar. 12 54% Feb.
7,330 18% Mar. 26 29 Jan.
§ ; 84 Feb.
23 Feb. 21 25 Feb.
50% Mar. 15
110 §116%Mar.26 §123 Jan.
200
5% Mar. 7
8% Feb.
758 45 Feb. 24 56 Feb.
304 15 Mar. 11 22% Feb.
554
6 Mar. 26
7% Jan.
485 52% Mar. 12 58% Feb,
5,075 22% Feb. 24 28 Feb.
200
3% Jan. 24
5 Feb.
1,160
7% Mar. 12 11 Jan.
__
20% Jan. 6 25 Jan.
107 79 Mar. 29 87% Feb.
240 123% Jan. 12 138 Mar.
1,600 13% Mar. 26 22 Jan.
5,542
7% Mar. 26
9% Feb.
23,145 23% Mar. 26 33% Feb.
3,780
8% Mar. 12 12% Feb.
4,832 160 Mar. 26 194% Feb.
§ 15 Feb. 10 §15 líe!».
§38% Feb. 8 §40 Feb.
16% Jan. 12 19% Jan.

6
3
6
15
1i
g
4
11
10
11
8
7
8
l
27
a
14
5
12
10
11
15
16
10
10
31

United N. J. RR. & Canal....
Un. Pac., tr. ree., all inst. pd.
23 Mar. 12 363g Feb. 1
Union Pacific Ry...............! ... 29,506 16% Mar. 25 22f% Feb. 25
Do
new pref. 231,391 45% Mar. 12 63% Feb. 2
Un. Pac. Den. & Gulf tr. recta. 28,115
6% Mar. 12 10% Feb. 18
Vabash.....................................
1,645
7% Jan. 12
6% Mar. 25
Do
pref. 10,030 14% Mar. 7 19% Jan. 13
West Chicago Street...............
4,715 89% Mar. 25 102% Jan. 8
Wheel. & L. Erie, $1 ass’tp d .
870
1% Mar. 29
3% Jan. 11
Do
pref. do.
300
9% Mar. 12 16 Jan. 12
Wisconsin Cent., vot. tr. ctfs.
100
%Jan. 6 3% Jan. 17
Do pref., vot. tr. ctfs.
5 Feb. 5
5 Feb. 5
M is c e lla n e o u s S t o c k s .
103 *100 103 Adams Exp i ess.......................
157 Î100 Feb. 15
10
140 *TC0 140 Amerioan C o a l.......................
17% American Cotton Oil.............
2,450 15% Mar. 25 23% Jan. 10
17
18
70
Do
pref.
670 66 Mar. 14 77% Feb. 1
69% ‘ 68
131 §116 Jan. 5 130 Feb. 14
127 §125 125 American Express..................
7%
7% Amerioan Spirits M fg...........
2,510
6% Jan. 20
9% Jan. 26
7%
20
16% 16%
Do
pref.
350 16 Mar. 26 22% Jan. 31
121% 114% 119% American Sugar Refining__ 767,339 107% Mar. 26 145 Jan. 7
Do
pref.
107% 107%
940 103 Mar. 25 116 Jan. 6
109
*88
9t>
94 K88 Mar. 29 §93 Feb. 11
90
99% 98% 101% American Tobacco.................. 85,533 83% Jan. 24 101% Apr! 1
115% 117
Do
pref.
117
656 112% Mar. 11 118% Fèb. 18
3%
2% Bay State Gas..........................
5,762
2%
2% Mar. 21
5% Jan. 21
110 111 Brooklyn Union Gas...............
3,080 106 Mar. 26 125 Jan. 24
115
*4
4%
5 Brunswick Co., 3d instai, pd.
600
6% Jan. 3
3% Feb. 23
1 Colorado Coal & Iron D tvel..
1
% Jan. 10
% Jan. 28
*%
3
*2
3
Do
pref.
21 Colorado Fuel & I r o n ............
*16
21
200 17 Mar. 12 26% Jan. 11
80 *
90
5%
5% Columbus & Hock. Coal"«fc Ir.
5%
700
4% Mar. 25
7% Jan. 13
180 *150 180 Commercial Cable..................
177% 183 Consolidated Gas Co. (N. Y.). 13,342 167 Mar. 26 195% Jan. 25
184
29
29 Consolidated Ice.....................
32
300 27% Mar. 25 37% Jan. 24
85
Do
pref.
140 85 Jan. 7 91 Feb. 15
88% §85
Consolidation Coal................
*38
S45 Feb. 14 §45 Feb. 14
fil 1a M at . 18
Detroit G as.............................
66
M ur. 1 1
65% Mar. 11
Edison Electric Ilium. (N. Y.)
207 120 Mar. 28
90
&102U 102 % Edison Elec. Ilium. (B’klyn).
45 106% Mar. 5 111 Feb. 8
Erie Telegraph & Telephone.
33% 31% 33% General Electric........ ! .........
17,925 29% Mar. 12 39% Feb. 7
22% 26 Hawaiian Commerc. & Sugar
5,230 22% Mar. 28 36% Feb. 15
99% H. B. Clafiin Co.......................
92% Feb. 10
99% *
*42
Homestake Mining................
24
*48
Illinois Steel........“ .................
51
55
150 45 Mar. 12 55% Jan. 29
41% 39% 40 Laclede Gas (St. Louis)..........
4,655 37% Mar. 25 43% Mar 5
86§36
Do
pref.
83
67 85 Mar. 12 ! 94% Jan. 1
8 Manhattan Beach Co.............
*4
1 4 Jan. 20! 5% Jan. 24
8
21%
54
7%
6%
16
93%
1%
10%
2
6

19
50%
6%
*6%
15%
90
2
9%
*1%
*3

20%
53%
7
7
16
93
2
10
2
6

§ Less than 100 shares.

root

of

Bid.
S t r e e t R a ilw a y » » .
45
Kings Co Traction—Stock
Nassau Elec 5s 1944. A&O 100
New Wm b ’g& FI 1stex. 4%s 101
NY& Qus Co 5s 1946. A&O
Steinwavlst6sl922.J& J 115
OTH E R CITIES.
Balt Consol—Stock—See B aiti»
Bridgep T r -ls t 5s ’ 23.J&J § 100
78
Buffalo Street Ry—Stock.
1st consol. 5s l 931. F&A §109
Crosstown 5s 1932M&N § r o í ­
Chicago City HR—Stock.. a os .
Citizens’ St ( in d ’rmnV-Si’»' -Phil»

8
Ask.
103
103
117
ist.
105
>80
111
109
229
list.

c o n s e c u t iv e

Q

*

64
124

101
140
16%
69%
127
6%
19
117%
107
89
97%
118
2%
112%
4
1
3
21
80
5%
180
178%
30
82

21%
54%
7%
7
16%
93
2
10
2
6

Sales
Range fo r year 1898.
o f the [On basis o f ioc-share lots.]
Week.
Shares.
Lowest.
Highest.

PR

120

19% 19%
52% 52%
7%
7%
7
6%
15% 15%
94
92%
2
1%
10% 10
2
*1%
6
*3

18%
50%
6%
6%
15%
92
1%
*9%
*1%
*3

§101 101 §100
*100 140 *110
17
17% 16%
67% 68
§69%
§123 125 §125
6%
7%
6%
17
*16
17
114%
110% 121
106
104 110
§88% 88% §83
94% 98% 96%
115% 115% *113
3
2%
2%
110 116
112%
4
*3% 4%
1
*%
*2
‘2
3
20
20
*17
*
80 *
5%
5%
*5%
*160 180 *160
171 182
176
29
§30
29
*82% 87
*80
*41
*41
M

30% 31%
24% 26
9934
*42
45
45
38
39%
*80
85
*4
8

21
55
7%
7%
16%
94
2
10%
2
6

6rl

O
00
tH
K?

101
140
16
67
127
7
16
112%
105
89
91% 95
112% 112%
2%
2%
106 107%
3% 3%
1
*%
*2
3
*16% 19
80
5
5
*160 180
167 1711«
30
*27
*80
86
*41
$100
*100
*15
*65
*120
6%
16
107%
103

17%
49%
7
6%
16
90%
2
*9%
*1%
*3

2.

t Ex dividend of 100 % in bonds.
pa g e s).—

STREET RAILWAYS, &c.

Bid.
S tr e e t R a ilw a y s .
Cleveland City R y............
59
Clevel Cab-1 st 5s ’ 09. J&J §100
Cleveland Electric R y . . . .- 50
Con 5s 1913.......... M&S §101
42
Columbus (Ohio)—Stock.
Con 5s 1032............J&J
05
Crosst’w n -lst5 s’38J&D
95
Consol Tract’n (N J )—See Phila
Lake St (Chic)Elev-Stock
10%
1st 58 1028..............J&J
60
Loutsv St Ry—5p c scrip. §.........
45
95
P r e fe r r e d .............. .

Ask.
61
102
53
104
45
101

S tre e t R a ilw a y s .
L ove Elect Trac (C hic)...
Lynn& B os-lst 5s ’ 24. J&D
Metrop W est Side (C h ic).
1st 5s 1942............F&A
Minneap St Ry-5s ’ 19. J&J
New Orleans Tr—C om ....
P referred .......... ............
list.
Notes 6s 1 9 0 4 .. ..M&N
11
North Chicago—S tock ... .
70
1st 5s 1906-16........ J&J
No Shore Tr (B ost)-Com .
50
P referred ........................
100 1
* Raver pavs accrued

c

Bid.

Ask.

i ......... 103
4
3%
§ 45
48
9

'T
15
75

216
§104 105
10
13
67
72
intere st..

THE CHRONICLE.—STOCK PRICES (3 pages)

6Ò2

STOCKS—H IO U E S T A N D LOW E ST S A L E PR IC E S.
S a tu r d a y ,
M a rch 26.

•43

48

45

W ed n esd a y
M a rch 30.

T u esd a y,
M a rc h 29.

M onday,
M a rch 28.

*45

55

*45

55

§63%
29
§105
*14
-5%
*60
*15
*6%

63%
29%
105
16
7
83
20
8

63
30%
*103
*14
*5%
*60
*15
*6%

63
31%
108
17
7
83
20
8

45

61
61
60
60
261* 27
27
31
102% 102%
101% 102
16
*12
15ia 15
*5% 7
*5% 7
*60
83
*60
83
*15
30
*15
30
*614 7 % *6% 7%

T h u rsd a y,
M a rch 31.

*45

5%
5%
5%
5%
5 % *530 55g
*3
*3
5%
*3
5
*3
5
30
30
25% 27% 27% 27% 28
26
27
25% 26% 26
23
27
*39?» i
*325 ........ *325 ........ *325
92%
91%
94%
90%
91%
86ta 89% 89% 9i%
175
173 174% 176 176
165 fi* 167% 168% 175
*16g 2
*1%
*1%
2
*168 2
•16s 2
*3
*3
7
*3
7
*3
7
*3
7
*55% 56
5%
5*4
*3
5
*25
26
22
23

-388 4
17fii 18ia

3%
3%
19% 20%

*3% 4
19
21

§41% 41% §41%
*38
43
5%
5%
5%
ö^a 56g
58% 57
53fi* 54% 55
17
*1513 17ia 16% 19
66
67
68
§62fi* 62%
*115 119 *Ì15 120 *115
*7
8
82% 84%

41% *38
*5%
5%
57% 57
17%
17
68%
66
120 -115

*7
85

*7 ; 8%
85
88%

19% 21%

20%

*38
42
§6
6
58% 57%
18% 17
68% 66%
120 *115

*7% 8%
86
87% .86%

8
86%

F r id a y ,
A p r i l 1.

N. Y. STOCK EXCHANGE.

-45

[V o l .

LXVL

h a n g e f o r y e a r 1898.
S a les
o f the [O n b a sts o f i co sh a r e l o t s . f
W eek.
H igh est.
Lowest.
S ha res.

m is c e lla n e o u s S t o c k s .
Maryland Coal, p r c f.. . . . . . . . .
Mergenti aler Linotype........
Michigan Penlns. C a r............
Do
pref.
63% 60% 60% Minnesota Iron .......... .......... .
28% 29% National L e a d ................. .
30
Do
pref.
103 §104%107
15
15 National Linseed Oil.......... .
16
National
Starch......................
*5% 7
7
Do
1st pref.
*60
83
83
Do
2d pref.
*15
20
30
*6%
8 New Central Coal.................
8
N. Y. Air Brake.......................
5
5% North American C o................
5%
..................
»3
5 Ontario Silver.
5
*27
28% Oregon Imp’ t, 5th instal. pd.
30
26% 23% 25% Pacific Mail. .........................
........ *325 ........ Pennsylvania Coal.......... .—
94% 90% 93% People’s Gas-L &C. (Chic.)..
170 173 Pullman’ s Palace C ar............
175
*1% 2 Quicksilver Mining.......... ......
2
Do
pref.
*3
7
7
Silver Bullion Certificates...
Standard Gas (N. Y .).............
Do
pref.
Standard Rope & Twine........
18% 20 Tennessee Coal Iron & RR ..
21
Do
pref.
Texas Pacific Land T ru st....
*38
42 United 8tates Express..........
42
6
§5%
5% United States Leather............
Do
pref.
56% 57%
58
United States Rubber...........
16%
16%
18
Do
pref
65% 66
68
120 *115 120 Wells, Fargo & C o ................
Western Gas (Milwaukee)....
Western Union Beef..............
86% Western Union Telegraph....
87% 84
55

-61%
30
103
§16
*5%
*60
*15
*6%

STOCKS.

Page 3.

200 45
140

55

Mar. 28 §51 Feb. 2
Mar. 9 145% Feb. 10

§54 Jan. *2*9 §54 Jan.
998 57 Jan. 20 65 Feb.
7,08? 26% Mar. 26 3778 Jan.
784 101% Mar. 14 109*3 Feb.
675 15 Mar. 25 19 Jan.
9 Feb.
83* Feb. 10
60 Mar. 25 80 Jan.
30 Jan. 27 30 Jan.
7 Jan. 24
8*4 Feb.
23 Jan. 6 26 Jan.
2,850
630 Feb.
4*4 Jan. 15
3% Jan. 4
314 Jan.
4,08*0 II19 Jan. 3 S0*a Jan.
1 1 ,8 0 5 22 Mar. 26 3 3a Feb.
§325 Mar. 23 §350 Feb.
73*,881 86*2 Mar. 26 99*« Feb.
2,249 165 Mar. 12 189a* Feb.
2 Jan. x6
2*4 Jan.

29
9
7
IO
14
10
18
27
T
24
17
4
22
4
25'
11
11
7“

5*6*13*Feb.* 24 56*3 Feb. 24
143‘a Jan. 2i §147 Jan. 24
100

11,908

3*4 Jan. 3 "53s Feb.* 1®
17 Mar. 12 28*3 J an . 11

5 % Jan. 8 6*4 Jan.
30 40 J an. 5 §45 Feb.
538 Mar. 14
1,52
73* Feb.
7.027 533* Mar. 26 67 Jan.
3,82( 14% Mar. 12 2178 Feb.
2,788 60 Mar. 12 743a Feb.
§113 Jan. 10 §120 Feb.
86 J an. 17 86 Jan.
7% Jan. 5
8 Jan.
l,70t
29,335 82*4 Mar. 26 9338 Jan.

8
9»7
31
15
15
14
17
13*
10»

« E ii'/'

* These are bid and asked prices; no sales on this day.

§ Third instalment paid.

NEW YORK CLEARING-HOUSE WEEKLY BANK STATEMENT.—FOR PRICES BANK STOCKS SEE PAGE 657.
LEARING-HOUSE BANKS.—A verages for
(OOromatted.)

w e e k to

M ar . 26,1898-

NON MEMBER BANKS.—A verages

O apitall SurpL’ sl L o a n s . |S p ecie. | L e g a ls . '¡D ep osits.

$15,070,0
Bank of N ew Y o r k .. $ 2,000,0 $1,867,4; $14,170,0 $3,130,0 $1,440,0
1.588.0 ; 16,679,0
Manhattan C o . , , . . . . 2,060,0 2, 100,8 14.440.0 8,661,0
14.150.4
1,661.9
2.455.5
11.657.2
M erchants’ ............... 2 , 000,0 1.031.9
9.333.0
1.559.0
M echanics’ ................ 2,000,0 1 ,0 8 ',8 ! 9,426,0 l 1,684,0
2.778.2 21.760.7
8.241.6
18,568,6
2.597.2
1,600,0
A m e r ic a ............—
1
8,529,0
280,0
!
610,0
8.838.0
236.3
P b e n lx ........................ 1,000,0
2.308.7 82.727.7
1,000,0 3.867.3 57.420.4 28,289,1
C it y .......... ........—
8.603,4
410.5
3,558.7 I 427,2
113.8
750.0
Tradesm en’ s . . . . . . . .
2.421.7 25.060.7
300.0 6.988.4 23.915.0 5.933.0
C h em ical...................
5.396.3
506.8
931,9
4.093.0
163.9
600.0
M erebants’ E xeh ’ ge
6,216,6
1.161.3
6.955.5 1.145.7
1 000,0 1.710.4
G allatin.___ . . . . . —
1.260.3
107.7
197,4
1.247.6
165.7
800,0
B utchei s’ & D rov’rs’
2.140.0
224.0
355.0
2.030.0
228,5
400.0
M echanics’ & Trad’s’
842,0
168.3
102.7
919,0
163.4
200.0
G ie e n w i-h ....... —
2,774,6
445.0
351.1
3.126.9
477.9
600,0
Leather M anufac’rs’
2.349.4
316.5
409.8
1.824.5
99,1
800,0
S e v e n t h ......
436.9
2.793.1
291.9
3.480.9
495.7
S ta 'e o f N ew Y o r k .. 1,200,0
8.017.0 20.013.0
25.403.0 2.612.0
2.586.9
0
A m erican E xch an ge 5.000.
20.695.8
2.836.4
3.336.3
24,73",7
3.527.5
5.000.
0
C o m m e r c e ...........
5.524.4
«67,7
6.092.6 1.031.5
1.565.8
0
B roa d w a y.. . . . . . . . . . . 1 000
1.635.8 10,281,2
9.398.2 1.140.8
M e rca n tile. . . . . . . . . . 1,000,0 1.005.8
2.958.5
384.4
445.1
2.565.7
466.4
422,7
P a c ific . . . . . . . . . .^ ..~
2.263.1 18,806,6
836.0 16.521.4 3.324.3
1.500.0
R e p u b lic ......... ..
6.064.1
892.9
686.3
6.065.9
980.3
450.0
C h a t h a m .......,;....
2.331.6
400.7
173.0
1.977.1
250.8
200.0
P eople’ s
.. q —
930.5 11.367.7
9.819.5 1.993.8
651.5
700.0
N orth A m erloa ,.......
2.938.9 34.867.4
1, 000,0 2.219.6 26.464.2 7.0 9,4
H a n o v e r. . . . . .
660.01 3.364.0
372.0
3.207.0
348.8
500.0
Irv li-g — ....................
2,3<»7,4
228,81 2.566.7
472.3
877.1
600.0
Citizens’ ............ .—
686.6 3.087.8
216,8
2.517.0
264.3
600,0
Nas- a n . . — • .4 ....
6.703.4
862.9
815.2
998.1 6,3« 6,4
900.0
M arket & F u lto n ...
4.156.5
348,5
740.2
3.683.4
16 1,7
Shoe & Leather....... 1,000,0
970,0,
10.053.1
1.673.3
8.698.7
Corn E x ch a n g e ;----- 1,000,0 1,811,0
6.065.8
605.4
5.187.3 1.052.0
221.1
C ontinental,.............. 1,000,0
1.793.1
359.0
129, l
1.855.0
406.3
300.0
Oriental ------24.432.0
1
,
108,0
5.146.0
24.110.0
Im porters’ * Trad’rs 1.500.0 5.587.5
3.408.0 46.312.0
P a ik ________ ____ _ 2 ,000,0 8.240.5 37.308.0 9.669.0
168.5
1.211.9
186.4
1.264.8
148.4
250.0
E ast R iv e r . ... .........
3.608.4 21.836.7
F o u rth . . . . . . . . . . . . . . 3.200.0 2.033.6 19.156.5 3.366.5
802.0 11.992.0
9.499.0 2.329.0
488,2
Central . . . . . . . . . . . . . 1, 000,0
614.0
6.434.0
6.513.0 1.132.0
695.0
300.0
S e co n d .................
3.508.0
352.3
306,7
3.388.3
281.8
750.0
N in t h .— , , —* 1 ----30,416,3
5.265.8
2.610.1
80.019.3
7.567.6
500.0
F i r s t ................. —
1.285.2
126.1
226.2
1,371,7
66,9
800.0
N . Y. N at’l E x ch ’g e.
3.491.0
377.0
604.0
3.117.0
618,8
250.0
B o w e W ...i .....i L ....
3.946.6
375.3
750.6
3.109.2
420.6
200.0
N e w York C ou n ty..
2,572,8
441.5
2*0,3
2.714.6
285.7
750.0
Germ an A m erican ..
4,735,1 32.331.9
8.608.5
C h a s e ....— — i . - —- 1,000,0 1,068,3 21.208.1 1 937,3
9.477.4
731.1
7.943.6
100.0 1.113.8
F ifth A ven u e,— —
3.022.5
562.8
164,3
2.339.2
570.7
200,0
German E xch an ge..
4.500.2
452.8
572.7
8.680.9
711.4
200,0
G e r m a n i a ............
6.975.2
1.326.8
6*6,3
6.170.2
690.8
300.0
L in c o ln . . . . . . . . . . . . . .
6.139.7
976.1
445.8
5.290.6
827.1
200.0
G arfield . . . . . . . . 4 , —
2.303.4
245.1
439.9
1.847.5
807.9
200,0
F if t h ....___
6.403.5
857.5
895.6
5.247.0
816,8
300.0
B an k o f the M etrop.
2.511.0
370.0
276.0
2.340.0
341.1
200.0
W e st S id e ..— . ; —
11.332.0
1.302.0
1,937,0
8.035.0
835.5
500.0
S e a b o a r d , •9—
1.522.0
173.0
224.0
1.788.0
342.2
200.0
S ix th ...........................
3.659,6 28.878.2
648,7 24,805,0 3.820.3
2.100.0
W e s te rn . . .......
1.206.0
5.336.0
607.6
4.814.0
946.9
300.0
F irst N at. B ’k ly n ...
1,138,1 13,655,6
847.6 11,755.8 3.092.8
N a t; U nion B a n k ... 1,200,0
3.203.5
386.2
421.2
3.061.4
302.6
500.0
L lo e rty
;
8.304.0
117.5
834.8
3.692.4
314.6
N . YvPrcd; E x ch ’g e. 1, 000,0
2.989.2
152.3
602.0
2.601.1
277,5
250.0
B k .o f N . Am sterdam

,

.

.

BANKS.
(00s om itted.)

New York City.

A stor N at’l B a n k ..
A stor P la ce............
C o l o n i a l ............
C olu m bia................
E leventh W a r d ....
Fourteenth Street.
Franklin National.
G a n se vo o rt...........
H a m ilton ..___ H ide & Leath. Nat.
Hume.......................
Hudson R iv e r .......
Mount M o r n s ....
M u tu al...............
N ineteenth W ard
P la za ....... .............
R iverside...............
Standard National.
State........................
T w elfth W a rd ___
T w enty-third W ’d.
Union s q u a r e ......
Y o ik v ille ................

Brooklyn.

Capi­
tal.

300.0
250.0
1< 0,0
300.0
100.0
100,0

200,0
200,0
200,0
500.0
100.0
200,0
250.0
2( 0,0

100.0
100,0
100,0

200,0

100,0

200,0
100,0

200,0
100,0

Legal
TenVr
Sur­ Loani&
st- Specie. & B ’k
plus. Inv.
m enti.
Note».

$
$
$
$ .
$
___
67,5
937.9
90,6 166,4
909,6
37,1 110,9 133,3 2.634.1
2,557,4 185,2
783,3
69,3 137.5
678,5
8,3
. . . . 1.842.5
97,0 168,5
1.866.1 110,6
1,384.9
94,0 201,9
1,118,1
70,9
862,8
13,0
93,7 130,1
698,1
15,0
80,0
480.0470,0 108,0
67,8
506.2
35,5
3,6
8,3
071,5
. . . . 1.299.8
9^,2
94,4
58,0
1,239,9
41,2 129,5
1.426.3
1,968,6 2 i 8,1
48,8
57,4
17,7
566.7
468,4
98,0
1,110,0
41,0
60,0
93,0
1.109,0
75,2
69,3
58,1 258,3 1,796,7
1,410,4
959.0
81,1
18,1 124,1 193,8
837,3
96,0
860.092.0
70,0
33;o
605,0
1.224.2
14,4 141,6 106,4
1,176,0
762,637,2
8;4
91,1
762,4
289.9
62,7
34,0
6
14,0
445,3
83,0
20,0
73,0 1.696.0
57.0
1,456,0
79,1 138, a 142,7 1.477.5
27,0
1,090.7
836.9
60,5 101,8
19 iU 74,6
676,9
. . . . 2.354.4
50,3 171,5 197,1
2,079,2
1.176.1
7a, 1 105,2
95,0
—
1,116,9
27,5
958.4
25,8
1,164,4
1,163,4
61,0
12,1
274 2
521,3
23,1
957.6
56,1
32,2
öt 4,6
2,150,9 230,4
97,0
2,326 6
42,5
896.0
3,3 12,0 212,0
80,0
2,314,0
10,3
966,3
43,2
7 ,8 ,3
1,518,2 170,4
31,5
476,3
304.4
7,1
90,1
1,065.9
9,0
340,3
7,4
278.0
12,6
469,0
3,864,0
2,077,1
1,640,6
855,2
1,508,3
701,6
411,8
547,3

150.0
100.0
300.0
100.0
100.0
200,0
150.0
252.0
500.0
100.0
300.0
300.0
100.0

100,0

110,3
115,7
165,3
31,0
51,2
180,9
78.9
397,1
426,9
189,2
562,9
530,7
108,1
106,0
117,6
58.8
66,2
206,9
51,2
48,1
31,5

1st Nat., Jer, C ity.
Hud. Co. Nat. J, C.
2d N at., Jer. C ity ..
3d N a t , Jer, C ity ..
1st Nat., H oboken.
2d Nat., H ob ok e ..
Bank o f Staten I si.
1st Nat.,Staten Isl.

400.0
250.0
250.0
200.0
110,0
125.0
25,0
100.0

718,1
511,0
375,9
172,8
405,6
70,2'
42,6
68.2

Other Cities.

200,0

100,0
100,0

M arch 26. 1898...

Deposit, with
Citar- other
N et
inç Bk». & De­
House Trust posits.
Agent. Co’s.

$
100
355,6
48.6
185,8
112,6
44,1
9,3
24,3
94,5
140,2
81,8
186,8
82,0
94,7
22,3
105,7
94,3
30,7
65,0
148,7
42,8
269,9
114,5

Bedford.»................
B roadw ay....... .......
B rooklyn............
Eighth W ard ....... .
Fifth A v e n u e ........
F u lto n .....................
K ings County........
Manufaot’rs’ N at’l
M echanics..............
M ech’ s’ & Tradr’ s’
N assau N a tion a l..
National C ity.........
N orth s id e ............
People’s . . . . . . . . ___
Queens Co. (L .I.C .)
S cherm erh orn___
Seventeenth W ar
Sprague N ational..
T w enty-sixth W ’ d.
O n io n .....,., . . . . .
W allabout...............

100.0
100,0
100,0
100,0

for w eek to

48,8
103,0
70,1
16,4
19,1
39,2
•24,2
234.»
118.0
,32.5
174,0
307,0
52,3
23,0
214,8
15,3
37,6
14,0
19,3
14,7
33,7

136,9
76,0
102,5
3 -,2
61,1
85,5
79,0
546,4
140,4
76,6
640,0
397,0
04,2
89,1
371,4
100,9
99,7
320,0
55,2
31,3
75,0

139,8 216,0 450,4
54,5 ‘208,5
85,8
63,0 390,4
65,6
6ö,2 1«5,3
32,4
20,5 145,7
102,9
65,9
37,1
40,1
80.7
12,9
17,6
02,9
26,7
21,9

85,0
___
16,4
1,0
58,1
....
....
....
....
23,6
61,3
87,0
299,9
63,9
93,1
....

1.097.1

1,218 ©

1.368.5
224.3
611.4
825.4
673,82.749.0
2.153.2
863.7
3.749.0
2,713,01.204.5
875.9
2.199.1
480.3
368.5
10,9 1,040,0
390.4
50,3
244.6
51,7
467.0
2,5

147,3 3.936.6
365,9 2.120.9
1,460.4
991.8
198,9
188.9 1.455.3
772.8
105,9
488.5
7
506.9
....

7,776,2 2,794,4
T otals M a r.2 6 ... 1, 212,0 8 j 7 i , s 59342J 1,222,9 3 , 903,6 8
T otals M a r.1 9 ... 1,212,0 8^ 71,2 ¡q ,007,7 1 ,1 4 1 3 1 , 855,7 , 103,4 3 ,0o8 ,q
T otals M a r.12 ... 1,212,0 8 3 7 1 ,2 5Ç,l8i ,& 7, 17 8 ,1 1,80o,7 9,407,1 3 , 905,1

F o r s u m m a r i e s o f t iis w e e k l y r e t u r n s o f t h e b a n k s i n r N©
Y o r k C it y , P h i l a d e l p h i a a n d B o s t o n , s e e f o u r t h p a g e p r e c e d i n g . T otal . — — A .. „ 69.022.7 74,259,1 000,168,4'13628961 68,974,5 685,650 5

OUTSIDE SECURITIES
Bid.
g •veci K n i l wnvs.
Prov & Pàwt’ck-lst 5s .33 §106
Richm R y& E lec-lst 5s’ 20 i 78
R ochester R y ........... • •• 16
95
Con 5s 1 9 3 0 .. ... ..A & v
Bcranton Traction........50 *■ 758
g o Side El (Chic)—Stock.
14
T w in C iti R Tr—Com----P re fe rred ... . 3 . . . . . . . ..
59
U n’d Tr& E lec(P<ov)-St’k
1st;. 5a 1933 ...J ..;.M & S 2Ì05
W est Gbuiago.StJ
vm
? 92 s
Con 4 #h 6 .g fi.sl

P M t ;8: F tifi*©9 «




Ask.
77
18

(G

iv e n

a t

foot

of

8

G u s H e cu ritie ».

Worcester (,Mass)Tr-Com
Pretorred...............

NEW , YO RK .
Ü-Ô
58% Central Gas,... . ,i.. . . . . . 50 *215
Central Union Gas—
20
99%
1st 5s 1 9 2 7 J&J
100
Consol debenture 5s— 108
62
-Coil
Gas
INY)—
Btocl:-rN
Y
stk Ex ch
107
v> *♦«. } .Bieb-68 1908..^.», .MAN 108. 111
%,,*•* •. E c m i t ^ i i d e p l t ^ t ^ - -I'a( 0vw h i t ,
, .fît rt« usuo
.fisa

c o n s e c u t iv e

pa g e s

G a s S e c u r itie s .

) .—

GAS SECURITIES, &c.

Bid.

.G a s J s e c iir it ie s .
BROOKLYN.
Brooklyn Un Gas—N Y St ockEx
1st con 5s—N Y Stock E x c h ..
W illiamsburg Gas—'1st 6s 103
O T H E R CITIES.
Baltimore Consolidat—Se e Bait. List.
Bay State Gas—N Y Stock Exch.
Incoinqs ............
Boston UnitedGas Bonds- -Bosto »L ist
28 . 30 1
Bufl'alo City Gas—S to ck ..
■ *• 1st 5s 1947. .J * ji.YÄ&ö' 5 Mel 93

Equit. G.—Con. 5s’ 32.M&S il 15% 117)4
Mutual Gas,..................... 310
New Amst Gas—Common 28 % 39)4
65
Co pref...........,.....•• 64
97
1st consol 5s....
N Y & E Riv (dep) com.. 77 ,
114 118
Do preferred...... .
1st 5s 1 9 4 4 .. ... .....J&J

107 . 110

Consol 5s ,1 9 4 $ ..... J&J 102 105
Nqy Uri 1st 5s:192?. .M&Ì4 A m 96
Standard GmWfòmmpu.’. 135 140
ilo w n e ^ 4 4 w u ù i a j&On m k t

THE CHRONICLE—BOND PRICES (j> pages) PAGE

A pril 2, 1898]
BONDS.
*T.Y. STOCK EXCHANGE
W e e k E n d in g A p r . 1.

■ÇA.

P r ic e
F r id a y ,
A p r il 1.

W eek's
R ange or
L a s t Sale.

P r ic e
F r id a y ,
A p r il 1.

BONDS.
N.Y. STOCK EXCHANGE

W eek’s
R ange or
L u st Sale.

S,®

Range
’r o m
Ja
an. 1 .

W e e k E n d in g A p r . i .
B id . A s k . L ow . H igh . No t o w . H ig h
Ches & Ohio—(Con.)—
Gen g 4 « s registered. .1992 M -S
91 Jan.’98
91
91
R & A Div 1st con g 4s. 1989 J - J
104 102
102 «
102 105
2d con g 4s.......... ...1 9 8 9 J - J
94
93«
98«
92
93;
Craig Valley 1st g 5 s.. 1940 J - J
9 9 « Feb.’98
9 5 « 99*
Warm Spr Val ls t g 5S.1941 M - S
82«
83«
Eliz L ex & B S gu g 5s. 1902 M - S
82
86«
9 9 « 99 M ar’ 98
98 104
Chic & A lton sink fd 6s. 190 M -N
1 1 2 « Mar ’98
112«112«
86«
91«
Lou. & Mo R iv 1st 7s.. 1900 F - A *110
8 6 « 94
107 M ar’ 98
107 111
8 9 « M a r'98
2d 7s....... . . . . . . . . . . . . 1 9 0 0 M -N
89« 89«
1 0 7 « N ov’ 9
55«
60«
5 3 « 6 4 « ' St L J & C 2d gu 7s.. ..1898 J - J
1 0 4 « M ar’9
Miss Riv B 1st sf g 6s..1912 A - O *104 ...
Chic Burl & Nor. See C B & Q,
Chic Bur & Q con 7s.......1903 J - J 1 1 4 « 1 1 5 « 114
114«
114 1 1 6 «
Sinking fund 5 s . ... ... . 1901 A - O *100
107 Feb.’ 98
1 0 4 « 107
98 Feb.’ 98
Debenture 5 s . . . . . ........1913 M -N 105 . . . . . 105 Mar ’98
95
98«
105 109
Convertible 5s...............1903 M - S 1 0 4 « . . . . 1 0 4 « 106
1 0 4 « 112
Iowa Div sink fd 5 s ... 1919 A - O *108 ....... 1 0 9 « Feb.’98
109« 109«
4 s ................................. 1919 A - O
9 8 « 100
101 M a r’98
101 104
115
18 1 1 2 « 1 1 8 «
117
Denv Div 4s.................. 1922 F - A
97 Sale
97
97
97 1 0 1 «
98 M a r’ 98
4 s . . . ...................... .....1 9 2 1 M
80 103
92 .......
9 3 « D ec ’97
Chic & Iowa Div 5 s .... 1905 F - A
95 F eb.’98
Nebraska Exten 4 s .. . . 192 M -N
95
95«
95«
95«
9 5 « 100
93
93
Registered............. .1927 M -N
96«
9 7 « Mar ’98
97« 97«
102 May’97
Han. & St. Jos con 6s..1911 M -S ’ 118 120 119 M a r’98
119 123
Chic Bur & Nor 1st 5s. 1926 A - O 1 0 2 « ....... 105 M ar’ 98
105
110«
84 Jan.’98
84
84
Chic & EI111st sf cur 6s. 190 J - D
1 1 6 « M ar’98
116« 116«
S m all..............................190 J - D
1st con g 6s....................1934 A - O
129 Jan.’98
129 130
99 Jan.’ 98
99 99
General con 1st 5 s .... 1937 M -N
104
104«
1 0 1 « 108
R e g iste re d ................ 1937 M -N
101 Jan.’98
101
101
Chic & Ind C R y 1st 5s. 1936 J - J
109 Feb.’98
1 0 0 « 109
80 N ov’97
Chicago & Erie. See Erie,
1 0 3 « O ct.’ 97
Chic Ind & Louisville—
9 8 « Jan.’ 98
9 8 « 100
Louisv N A & Ch 1st 6s..’ 10 J - J 'Ill
112 M ar’ 98
112 1 1 3 «
99 Feb.’98
99
99
Chic Ind & L re f g 5 s .. 1947 J - J ‘ 82
83
83
80
89
Refunding g 6s............194 J - J 1 95
96
96
96 105
9 « Feb.’ 98
9«
9 « Chic & Mil. See Ch. & N W.
Chic Milwaukee & St Paul—
1 0 5 « Jan.’ 98
105« 105«
1st 7s $ gold R D .. . . . . 1902 J - J '141
143
143
140 143
121 D e c ’97
1st 7s £ gold R D ....1 9 0 2 J - J
i Mar ’98
105* ' Ì 0 7 «
1st Iowa & D 7s........... 1899 J - J 1 4 0 « ......... 1 4 0 « 1 4 0 «
1 3 7 «1 4 0 «
1st C & M 7s.................. 1903 J - J 1 4 0 « ......... 141 M a r’98
140 144
Chic Mil & St P con 7s. 1905 J - J 1 4 0 « 1 4 3 « 1 4 2 « 143
138 143
1st 1 & D Exten 7s. ...1 9 0 8 J - J
1 4 0 « M a r’98
1 3 9 « 142
1st Southwest Div 6s. 1909 J - J
1 1 9 « Jan.’98
118«
11
1st La Crosse & D 5 s.. 1919 J - J
110 M a r’ 98
110 110
115 Sep.’ 97
1st So Minn Div 6s. ...1 9 1 0 J - J 116 Sale 116
117
116 121
80 M a r’ 98
80
87«
1st H ast & D Div 7s.. .1910 I - J
128
130 Feb ’ 98
130 1 3 0 «
5 s ................................. 1910 J - J
109 O ct.’97
Chic & Pac Div 6 s .....1 9 1 0 J - J '.........115
118 M ar’98
118 121
7 0 « D e c ’ 9'
Chic & P W l s t g 5s... .1921 J - J 1 1 3 « Sale 1 1 3 « 1 1 4 «
1 1 8 « 117
Chic & Mo R iv Div 5s. 1926 J - J
1 1 4 « Mar ’98
1 1 4 « 117
81 Mar’ 98
87«
Mineral Point Div 5s..1910 J - J 106 112 107
107
107 110*
92«
95«
97
Chic & L Su Div g 5 s .. 1921 J - J
113 « M ar’ 98
1 13 «1 1 3 «
W is & Minn Div g 5 s.. 1921 J - J
115 Feb.’ 98
114« 1 15«
Terminal gold 5s.........1914 J - J
ill
lit
111 115
Far & Sou assu g 6 s .. .1924 J - J I l l Sale 1 2 7 « Jan.’ 98
1 27 «1 2 7 «
Cont sink fu n d 5 s .....1 9 1 6 J - J
1 0 6 « May’9 '
105
105
1 0 4 « 106
Dak & Gt So g 5s.........1916 J - J '....V . I l l * 1 1 2 « Feb.'98
127 M a r’98
127 127
Gen gold 4s series A . .1989 J - J 1 0 3 « Sale 1 0 3 « 1 0 3 «
123 F eb.’98
123 123
Registered..................1989
•J
1 0 5 « Feb.’98
103 A p r’ 97
Mil & No 1st M L 6 s ..1910
D 118
120 M a r’98
1st consol 6s............... 1913
D 118
122 M a r’98
Chic & Nor W est con 7s. 1915
*142 Sale 141
142
Gold 7s......................... 1902
1 1 4 « 1 1 4 « 115
105« 105«
1 0 5 « 109
Registered.................. 1902 J - D
1 1 5 « M ar’98
106
106
106 109
Sinking fund 6s.. 1879-1929 A -O
117 M ar’98
Registered....... 1879-1929 A - O
115 N’v .’9
Sinking fund 5 s .1879-1929 A - O
1 1 1 « Feb.’98
111 111
108 D e c ’ 9
Registered....... 1879-1929 A - O
1 0 9 « D e c ’97
105 Jan.’ 98
105 105
Sinking fund deb 5s.. . 1933 M -N
1 1 7 « M a r’ 98
117« 118«
1 0 8 « 109
1 0 8 « 111
Registered..................1938 M -N
117 M a r’98
117 119
106
106
106 111
25-year debenture 5 s .. 1909 M -N 107
1 0 7 « M ar’ 98
107«1 1 0 «
106 Jan.’ 97
R e g iste re d ................ 1909 M -N
1 0 9 « M a r’98
109« 109«
30-year debenture 5s.. 1921 A - O
1 1 6 « Feb.’98
116 «1 1 6 «
Registered..................1921 A - O
1 1 7 « Feb.’98
1 17 «1 1 7 «
Extension 4 s ... . 1886-1926 F - A *100
105 F eb.’98
105 107
Registered.......1886-1926 F - A 100
Gen gold 8 « s ................ 1987 M -N
9 1 « Feb.’ 98
91« 93«
Registered..................1987
114 M ar’ 98
114 1 1 9 «
Escan & L Sup 1st 6s. .1901 K
107 M a r’ 98
Des Mo & Minn 1st 7s. 1907 F - A
87
87«
87
92«
Iowa Midland 1st 8 s .. .1900 A - O
Chic & Mil 1st 7s.........1898 J - J 102 102« 102 M a r’98
1 0 1 « 102
36
39«
86
44«
W inona & St Pet 2d 7s.l907 M -N
13
13«
12
15«
Mil & Mad 1st 6s.........1905 M -S
117 Jan.’ 98
117 117
7 « M ar’98
7«
8«
Ott C F & St P 1st 5 s..1909 M - S 105
109 M ar’98
109 109
92 Jan.’98
92
92
North Illinois 1st 5 s ...1910 M - S *105
108 Sep.’97
9 5 « Jan.’98
95« 95«
Mil L S & W 1st g 6 s .. 1921 M -N *134 1 8 5 « 136 M ar’ 98
Convertible deb 5 s.. 1907 F - A
1 0 5 « F e b ’97
1 0 4 « M ar’ 98
1 04 «1 0 4 «
E xt & Imp s f g 5 s... 1929 F - A 112
1 1 7 « Feb.’98
116« 1 17 «
1 1 3 « D e c ’97
Mich Div 1st gold 6s. 1924 J - J ♦130
134 M ar’98
133 134
1 1 0 « Feb.’ 98
110«110«
Ashland Div l s t g 6sl925 M - S *130
135 Feb.’98
135
135
112
112
110 1 1 4 «
In co m e s..................... 1911 M -N 103 108
1 1 0 « J ’ly ’ 97
110« 110«
110 1 1 4 « Chic R ock I & Pac 6 s....1 9 1 7 J - J 129
130
131
100 100«
100 1 0 3 «
R e g iste re d ................ 1917 J - J *127 ....... 129
129
90 Mar ’ 98
90
93
E xt and collateral 5s.. 1934 J - J 1 0 6 « Sale 106
106«
116 M ar’ 98
114 116
R e g iste re d ................ 1934 J - J 1 0 6 « Sale 106
106«
Debenture 5s................ 1921 M - S 1 0 5 « Sale 105
105«
R e g iste re d ................ 1921 M - S
103 Feb.’98
103 103
Des M & Ft D 1st 4s. .1905 J - J
i Feb ’ 98
85
92
103 F eb.’98
103 103
1st 2 « s .......................1905 J - J
> Feb.’98
69« 70«
103 Feb.’ 98
102 1 0 3 «
Extension 4s............ 1905 J - J
1 M ar’ 97
E eok & Des M 1st 5s.. 1923 A - O
1 0 8 « Feb.’98
1 0 5 « 109
Small.................................... A - O
100 A p r ’97
105 F eb.’98
105 105
Chic & St L. See A t T & S F.
hie St L & N O. See 111 Cent.
Chic St L & Pitts. See Pa Co.
102 M ar’98
1 0 0 « 102
Chic St P M & O con 6 s .. 1980 J - D *130
133 M ar’98
133 138
101 Jan.’98
101 101
Ch St P & Min 1st 6 s.. 1918 M -N *180
130
130
130 133
101 M ar’ 98
101 103
Nor W isconsin 1st 6 s..1930 J - J
St P & S City 1st g 6s. 1919 A - O 1 8 0 ......... 181 Mar ‘98
131 1324
100
102
30 loo 102
Chic Ter Transfer g 4s .. 1947 J - J '......... 8 2 «
9«
82«
6 « 87$
40 Feb.’98
40
40
Ch & W est I 1st s f g 6s. 1919 M -N 1 05 ......... 106 J ’ne’97
General gold 6s.............1932
1 1 7 « Sale 1 1 7 « 1 1 7 «
117« 122«
1 0 1 « Jan. 98
101 101
Chic & W est Mich R y 5s. 1921
1 1 9 « M ar’ 98
1 19 «1 2 0 «
Coupons off...................1921
1 1 9 « M ar’ 98
1 1 9 « 1 2 0 « Cin H & D con s f 7 s .... 1905 A - O
119 O ct.’97
112« 113«
1 1 2 « 117
2d gold 4 « s ................... 1937 J - J
1 0 3 « Oct.’ 97
114 Feb.’98
113 1 1 4 «
Cin D & I 1st gu g 5s. .1941 M -N
112 111 M a r’ 98
110«111«
73«
78«
7 3 « 8 4 « C I S t L & C . See C C C & St L.
* No prices or sales on briday ; these are latest bid and asked pti;os this week.

B id. A s k
kron & Chic Jnc. SeeB&O
laoama Cent. See Sou Ry
A labam a Mid I s t g u g ...1928 M -N
A lbany & Susq. See I) & H.
A llegheny Val. See Penn Co
A m Dock & I. See Cen o f N .1
A nn Arbor I s t g 4 s .. ... .l 9 9 5 Qu-J
8 2 ......
A tch Col & Pac. See Un Pac
A tch T & S Fe gen g 4s .1995 A - O 8 6 « Sale
R egistered..................1995 A -O
Adjustm ent g 4 s ......... 1995 Nov.
5 7 « Sale
R egistered................. 1995 Nov.
Equip tr ser A g 5 s .... 1909 J - J
Chic & St Louis 1st 0S.1915 M -S
94
A ti Av Bklyn imp g 5s.. 1934 J - J
98
Atlan & Daily 1st g 5s. .1950 J - J
95
98
Atlanta & Char. See Sou Ry.
A ustin & N W. See So. Pac.
at Creek &S. See Mich Cen
alt & O 1st 6s Pkbg B r.’ 19 A - 0 *114
Gold 5 s ...............1885-1925 F - A
Coupons off.........................
Registered.......1885-1925 F - A
Eng certf o f deposit.........
92
Consol gold 5s...............1988 F - A
95
R egistered..................1988 F - A
B a ltB ’lt ls tg 5 s in tg u . 1990 M -N
W Va & P 1st g 5s.......1990 A - O
80
90
M onon Riv 1st gu g 5s. 1919 F - A
C en Ohio R 1st c g 4 « s l 9 3 0 M -S
•Col & Cin M I s t e x t 4 « s l9 3 9 J - J
A k & C J 1st in tg u g 5 s . 1930 M -N
Coupons off........................
Pitts & Con 1st g 4 s .. .1946 J - J
B & O S W I s t g u g 4 « s .l9 9 0 J - J
■ B & O S W R y co n g 4 «s 1993 J - J
1st iuc g 5s ser A . .. .2043 Nov.
Series B ...................... 2043 Dec.
•B.& O S W Ter Co gu g 5s.’ 42 M- N
Ohio & Miss 1st con 4s. 194 J - J
102
2d consol 7 s ..............191 A - O
1st Spr’gtteld Div 7s. 1905 M -N
108
1st general 5s............ 1932 J - D
B eech Creek. See N Y C & H.
Bel & Car. See St L A & T H
Bnouev Bridge. See M K & T,
Bway & 7th Av. See Met S Ry,
Bklyn City 1st con 5s 1916-41 J - J
116
Bklyn El Tr C o cf Istg 6sl92 4
79
84
T r Co ctfs 2d g 5s........1915
2d instal pd
S & B BT Co c f s 1st gu g5s’42
2d instal pd................... .
Un El Tr Co cfs lstgu g6s\37
........ 81
Bklyn Rap Tr g 5s.......... 1945
9 2 « Sale
Bklyn & Montauk. See L Isl.
Bruns & West l s t g 4 s.. 1938 J - J
Buffalo & Erie. See L S & M S.
Buff N Y & Erie. See Erie.
Buff R & P gen g 5s.......1937 M -S 105 Sale
R och & Pitts l s t g 6 s..1921 F - A 120
Consol 1st 6s.............1922 J - D *118
Cl & Mah 1st gu g 5s. .1943 J - J
B uff & Southwest. See Erie.
Buff & Susq 1st gold 5s.. 1918 A -O
R egistered.....................1913 A - O
Bur C R & N 1st 5s.........1906 J - D 1 0 5 « ,
■Con 1st & col tr g 5s... 1934 A -O 104
Registered................. 1934 A -O
M & St L 1st gu g 7 s.. 1927 J - D
C R l F & N W 1st g 6 s..’ 20 A -O *105 ,
1st gold 5s..................... 1921 A -O 1 0 5 « ,
anada South 1st 5s... 1908 J - D 109 ,
2d 5s...........................1913 M -S
Registered......................1913 M -S
■Carb&Shawn. SeeStLA&TH.
Carthage & Ad. SeeNYC&H.
C R l a F & N . See B C R & N.
Central Ohio. See Balt & O.—
Cen R R & Bkg Co o f Ga.—
Collateral gold 5s.........1937 M -N
8 5 « .........
C ent o f Ga R y—l s t g 5s.. 1945 F - A .........118
R e g iste re d ................ 1945 F - A
Consol gold 5s.............. 1945 M -N
8 7 « 90
R e g iste re d ................ 1945 M -N
1st pref income g 5s. ..1945 Oct.
38« 39«
2d pref incom e g 5s__ 1945 Oct. ..... 13
8d pref income g 5s. ...1945 Oct. . . . . . .
7«
M & N Div l s t g 5 s ....1 9 4 6 J - J
80
88
M obile Div 1st g 5s.. . . 1946 J - J
Mid Ga & A tl Div 5s.. 1947 J - J
75
C en t o f N J—1st con 7s. 1899 Qu-J U 04
1st convertible 7s.......1902 M -N *110 115
Convertible deb 6 s .... 1908 M -N
General gold 5s............1987 J - J 111 ...
Registered..................1987 Qu-S '......no«
Leh & W B C con as 7s. 1900 QuM 1 0 0 « Sale
5 8 ................................. 1912 M -N
90
95
A m Dock & Imp.Co 5s.l921 J - J 111 112
N J South int guar 6S..1899 J - J
C entral Pacific—
Speyer & Co ctfs dp A.1898
100
Speyer & Co ctfs BCD. 1899
100
E xt g 5s series E .........1898 J - J
Speyer & Co ctfs dep E .l 900
Speyer & Co c tf FGHI.1901
San Joaquin Br g 6s. ..1900 A -O
Guaranteed g 5s.......1939 A - O
Speyer & Co eng cts............
Land grant gold 5 s ... .1900 A - O
C & O D i v e x t g 5 s ....1 9 1 8 J - J
W estern Pacific g 6 s.. 1899 J - J *100« ...
No o f Cal 1st gu g 6 s ..1907 J - J
Guaranteed gold 5s. 1938 A - O 100 Sale
C entW ash 1st g 0s tr c tfs l 938
34 ........
Charles & Sav 1st g 7 s.. 1930 J - J
C h es & O—P M fd gs 0 s.1 893 J - J ibi"
Gold 6s series A .......... 1908 A - O *118 ....... .
Gold 6s.......................... 1911 A - O 118
.......
1st cons g 5 s..'.............. 1939 M -N 1 1 3 « Sale
Registered..................1939 M -N
Gen gold 4 « s ................1992 M -S
77 Sale

L ow . H igh , No.

L o w . H igh

A

....

B

«

C

91

fe

«

«

«

«

«

«

«

8
G a s Keen r i t t e « .
Charleston (S C) Gas.. .25
Chartiers Valley Gas.......
Chicago Consumers 1st 5s
Chicago (Jas—See N Y Sto
Cicero Gas Co 1st 6s.........
Cincinnati Gas & C ok e...
City Gas (N orfolk V a ). . . .

Bid. Ask.

I l « s H e c u r t lle s .
Bid. Ask.
74
78
*......... ......... Consum Gas (J City)—Stk
1st 6s............... ....M & N 1 0 2 « 104
101«
Detroit Gas—Stock...... 50
60
57
Ck E x ch.
Consol 5s 1 91 8 ....F & A
91
94
Incom e 5 s .....................
100 102
92
95
Denver Consolidated Gas
36
38
Fort W ayne (Ind)—Stock
78
81
100 1 04
1st 6s 1925..............J&J
89
91
Columbus (P ) Gas—Stock
S3
86
Grand Rapids—Stock.
76
79
1st 5s |9 3 2 , , , , , , .J&J 8 9 7 « 100
1st 5s 1 9 1 5 ........F & A 8100 102
Consolidât Gas (Balt) See B altL 1st.:
H artford (C t)< ¿ * » ¿ ,,.2 5 *. . . '
Consoltd Gas (N J )—Stck -17
20 _ Indiana Nat& 111 Gas—Stk
60
56
1st 5s 1 9 3 8 . 7 . J&J" 75 Tr 80 1
1st 0s 1 9 0 8 .. ... ...M&N
72
75




«

c o n s e c u t iv e

pages) .—

G a n K een rl t » e « .
Indianapolis Gas—Stock.
1st 0s 1920............M&N
Jersey City Gas L ig h t... .
Laclede Gas—N Y Stock
L afayette (Ind) Gas—Stk
1st 6s 1924............M&N
Loganspt & W ab Val—Stk
1st 6s 1925 . . . . . . . . J&D
Louisville Gas L ig h t.......
Madison (V7ts) Gas—Stck
list 6s L 9V i> ...j..L A & 0

.Memphis G a s . . . . . . ..

Minn Gas 8s 1 9 1 0 ....M&S

105
105

GAS SECURITIES, &g.

Ask.
115

Exch.
78
90
57
74
5 7 « 60
8 98 HU

G a s K e c u r ir ie « ,
Bid. Ask.
New Orleans Gas L ig n i..
Ohio & Indiana—S to ck ...
54
57
1st 6s 1926 ............ j &d
66
69
Peoples Gas & Coke—N Y Stock E xch
Philadelphia C o ............ 50
Pittsburg Gas................50 *******
Portland (Me) Gas L ...5 0
St Joseph (M o )...........
84** "so'*
„ 5 a 1937....... .J& j
87«
St Paul Gas—S tock .. . . . . .
40 '
Consol 5s 1944 ....M&S 75
80
Syracuse; Gas—Stock.,... - 1 0 « ¿ 1 8 «
{A n d Interest. *Prlce

aS&

654
BONDS.
L©
N.Y. STOCK EXCHANGE -a ^

THE CHRONICLE.—BOND PRICES (5
P rice
Friday,
A p r il 1.

Week's
R ange or
L ast Sale.

o,®

R ange
from.
Jan. 1.

pages) Page

BONDS.
g©
N.Y. STOCK EXCHANGE ■S C

P rice
F rid a y,
A p ril 1.

2.

[V ol.

Week's
R a n ge or
L ast Sale.

gS
=©
sq*.

LXVI.
Range
fr o m
Jan. L

W e e k E n d in g A p e . 1.
W e e k E n d in g A p r . 1.
Bid. Ask. Low. High. .Vo. Low. H igh
Low. High
Bid. Ask, Low. High.
Fla Cen & Pen—(C on s­
Cln S & C. See C C C & St L.
is t land gr ext gold 5S.1930 j - j
City & S Ry Balt 1st g 5s. 1922 J - D
Consol gold 5s..............1943 j - j
Clearfield & Mah. See BR&P,
Ft S & V B Bge. See StL&SF.
Cl A k & C eq & 2d g 0 s..1930 F - A
105 M ar’ 98
105 105
70
7316 Fort St U D C o Istg 4 % s l9 4 1 J - J 100
Cl & Can 1st 5s tr r e c ... 191“ J - J
78% Mar ’98
08
70% 05
71
Ft W & D C—1st g 4-0s. 1921 J - D
05
75
C C C & St L —Gen g 4 s..1993 J - D
84 O ct.’ 9 “
56
60
57 M a r’ 98
Ft W & Rio G r is t g3-4s. 1928 J - J
54% 59%,
89
90
Cairo 1)1v 1st gold 4s. .1939 J - J
90 Jan.’ 98
90
St L Div 1st col trg 4 s .l9 9 0 M -N
96% Mar ’98
90
9016 9816 Fulton Elev. See Kings Co El.
al Har & S A. See S P Co.
90
93
R egistered..................1990 M -N
90 M a r’ 98
87% 90
90 M a r’98
al H&H o f ’82 1st 5s.l918 A - O
88% 92
Spr & Col Div ls t g 4 s .1940 M -S
103 A u g’ O'J
8716 8816 Ga & A la Ry 1st p f g 5s. 1945 A - O 100
8816 Jan.’98
W W Val D iv ,lstg 4 s.l9 4 0 J - J
94
83 Feb ’97
Ga Car & No 1st gu g 5s. 1929 J - J
89
90
90 M ar’ 98
Ctn W & M Diy 1st g 4s. 1991 J - J
101 101 Georgia Pacific. Set So Ry.
Cin I St L & C l s t g 48.1930 Qu-F
101 Jan.’ 08
Grand Rap & ind. See P a Co.
R e g iste re d ................ 1930 Qu-F
an & St J. See C B & Q.
Consol 0s....................1920 M -N
ousatonic. See NYNH&H.
114 O ct.’ 97
Cin 8 & Cl con l s t g 5s. 1928 J - J
Hous & T ex Cen. See So P Co.
107% Feb ’ 97
Ind B1 & W 1st p f 7 s., 1900 J - J
115 M a r’ 98
llinois Cent 1st g 4 s ... 1951 J - J
113%-115
O Ind & W 1st p f 5s... 1938 Q - J
112% J ’ly ’ 91
Registered..................1951 J - J
70
78%
76% 77J
P eo & East 1st con 4s. 1940 A - 0
105 M ar’
105 105
1st gold 8% s.................. 1951 J - J
21 A ug’ 9
Incom e 4s................... 1990 Ann.
15
101 F eb.’ 9b
Registered................ .1951 J - J
101 102%
104% 10516
C lC C & ln d l s t s f 7S...1899 M -N
100 1051£ M ar’ 98
1st gold 3s sterling... .1951 M -S
132 137
182 M ar’ 98
Consol 7s....................... 1914 J - D
Registered....... .......... 1951 M -S
Consol sinking fd 7 s ...1914 J - D
102 102
Coll Trust gold 4s....... 1952 A - O
100 % 102 F eb.’98
128 N ov’ 9
General consol gold 0S.1934 J - J
103 Jan.’ 98
108 103
R egistered................. 1952 A - O
R e g istered ................ 1934 J - J
100 % 100
100 102%
L N O & T ex gold 4 s.. 1953 M -N
100
C&S 1st M C C C & 17S.1901 A - O
10716 Oct.’ 9
100% 101 M a r’98
101 101
R egistered.................. 1953 M -N
100 102J6
100 M ar’ 98
Cl L or & W h con 1st 5s. 1938 A - O
99 Sep.’ 97
Coll tr 2-10 gold 4 s ... . 1904 J - J
Clev & Marietta. See Pa RR.
R egistered................. 1904 J - J
Clev & Mahon Val g 5s.. 1938 J - J
105 105
103% M a r’98
W estern Line l s t g 4s.l951 F - A
R e g iste re d ................ 1938 Qu-J
R e g iste re d ............ ,.1951 F - A
Clev & Pitts. See Penn Co.
Cairo Bridge gold 4 s ..1950 J - D
59
08
Col Mid Tr cfs 1st g 0s. .1930
T r C o c fs c n g 4 s s t g u l9 4 0 )
R e g iste re d ................ 1950 J - D
Middle Div reg 5s....... 1921 F - A
Assented all instlmt p a id .)
1716 2116
120% 123%
120% M a r’ 98
Chic S t L & N O g 5 s ..1951, J - D
Col & 9th A v. See Met St Ry.
118% A p r ’ 97
R e g iste re d ............ ..1951 J - D
Colum & Greeny. See So Ry.
103% 103%
Mem Div 1st g 4 s ... .1951 J - D
103% Jan.’ 98
75 O ct.’ 9
Col H V & Tol con g 5s.. 1931
Registered.............. 1951 J - D
72J4 Sale
7216 82
7216
75
J P M & Co eng cfs $05 pd.
54
01
St L A & T H 1st & term
01 Feb.’ 98
52
00
General gold 0s............1904 J - D
105 D ec’ 9'
gold 5s........................ 1914 J - D
80 .....
General lien gold 4 s .. .1990 J - J
R egistered..................1914 J - D
R e g istered ................1990 J - J
Bellev & Car 1st 6 s ... .1923 J - D
Col & Cin Md. See B & O.
St L Sou 1st gu g 4s. ..1931 M -S
90 N ov’9':
Col Conn & Term. See N&W.
Carb & S l s t g 4s.........1932 M -S
Conn & Pas Rivs 1st g 4 s.’43 A - O
I n d B l& W . See C C C & St L.
ak & Gt So. See CM &StP.
98 104
M a r’98
Ind D e c & W l s t g 5 s . ...1935 J - J
alias & W aco. SeeMK&T.
80 . . . . .
80
88
128 128
128 Jan.’ 98
Ind 111 & la 1st gold 4s. .1939 J - D
Jan.’98
Del Lack & W estern 7s..1907S
90 .......
1st ext gold 5s.............. 1948 M -S
12516 M ar’ 98
Byr Bing & N Y 1st 7s. 1900
12516 12516
121% 12S%'
140 144
Int & Gt No 1st gold 6s. 1919 M -N .........123
F eb.’ 98
140 M ar’ 98
Morris & Essex 1st 7s. 1914
90
80
2d gold 5 s ....................1909 M -S
78 Sale
109 N ov’9
108
7 s .......................... ....1 9 0 0
47 _____
60
Sd gold 4s,..................... 1921 M -S
11316 11816
M a r’ 98
7 s................ ,...1 8 7 1 -1 9 0 1
111 113 11316 Feb.’98
97 103%
137 142
187
Iowa Central 1st gold 5s.l988 J - D
98% Sale
98%
1st con guar 7s.........1915
187 140 187
Iowa Midland. See Ch & N W,
R e g iste re d ............1 9 1 5
185
138 Feb.’98
N Y Lack & W 1st 0 s.. 1921
138 138% J e ffe rso n R R . See Erie. .
111
.Construction 5s.......1923
11816 N ov’ 97
a l A & G R . See L S & MS.
108
W arren 2d 7s................ 1900,
an & Mich. See T ol & O C,
138
Del & Hud 1st P a Div 7s.l91
14716 A ug’ 9
K C & MR&B I s tg u g 5 s .l9 2 9 A - O
R egistered...'.........1.191
143 May’9
74 Sale
74
81%
A lb & S u slstod n gu 7sl9O0
12516 Feb.’ 98
125J6 12516 K C P & G l s t & c o l g 5s. 1923 A - O
78%
Kan C & Pac. See M K & T.
R egistered.................1900
117 11816 Kansas Mid. See St L & S F
11716 F eb.’98
Gold 0 s . . . . ........
1900
117 11“
Kansas Pac. See Union Pac
117 F’eb.’ 98
Registered...............1900
Kentucky Cent. See L & N.
Rens & Sar ls t 7 s ........ 1921
14896 A ug’9
Keok & Des M. See C R 1 & P
R e g istered ................ 1921
145 F eb.’98
14496 145
45
Kings Co El ser A 1st g 5s ’ 25 J - J
50 1>
Del R iv R R Bge. See Pa RR.
M a r’ 98
Fpl El 1st gu g 5s ser A . ’29 M - S
88
Den Con Tr Co l s t g 5s.. 1983
38
Mar ’98
K noxville & Ohio. See So Ry.
Den Tram Co con g 08.1910
Met R y Co 1st gu g 0S.1911
ake Erie & W 1st g 5 s.l9 3 7 J - J
115% 117%
110% M ar’ 98
2d gold 5s................. 1941 J - J
Den & R Gr 1st con g 4s. 1930
90 Sale
8916
90
'■)% 101
8916 9596
99% 103%,
103% 100% Jan.’98
1st gold 7 s .....................1900
North Ohio 1st gu 5s. .1945 A - O
10816 11016
*10816 HO 10816 M ar’ 98
100 100%
Im provem ent gold 5s. 1928
90 M a r’98
Lake Shore & Mich South—
8516 93
Buff & Erie new B 7s. .1898 A - O
Des M & Ft D. See C R & 1 P.
102%;i02%
102% Jan.’ 98
Det Mon & Tol 1st 7s. 1906 F - A
Des M & Minn. See C h & N W .
120% O ct.’9 “
98
100
100
97 100
Des M Un R y 1st g 5 s .. .1917 M -N
Lake Shore divid 7 s .. .1899 A - O
106% Feb.’98
100 106%
D et M&M Id gr 3%s S A.1911 A -O
10
Consol 1st 7 s ........1 9 0 0 J - J 107
1816 1716 Feb.’ 98
110 M a r’98
107% 110
17% 1716
R e g iste re d ............ 1900 Qu-J ’ 105
D et M&Tol. See L S & M So.
105% Mar ’98
105% 109%
D et & Mack Istlie n g 4 s .l9 9 5 J - D
Consol 2d 7s.............. 1903 J - D ■115
119 M a r’ 98
119 120%
Gold 4 s . . . . . ..................1995 J - D
120
Registered.............. 1903 J - D
119 M a r’ 98
119 119%
Dul & Iron Range lst5s,1937 A - O
107% M ar’ 98
Gold 8% s.................. .1997 J - D ltfl! 103% 102% 103%
104 11016
102% 106%
R egistered..................... 1937 A - O
R egistered.............. 1997 J - D *108
103
108
103 105
2d lien mortgage 0 s ... 1910 J - J
Cin&Sp 1st guL S&M S 7s’01 A - O
108% D e c ’ 97
9216 Feb.’98
Dul R ed W & S l s t g 5s. 1928 J - J
9216 9216
K A & G R Istg u c5 s.l9 3 8 J - J 118
Mahon Coal R R ls t 5 s .’ 84 J - J *118
Dul So Shore & A t g 5s. 1987 J - J
105 107
10516 10516 M ar’98
125 D e c ’97
Jiast o f Minn. SeeStPM&M,
Leh Val.fcPa) coll g 5 s.. 199 M -N 100 104
-last T V a & Ga. See So Ry.
R e g iste re d ....................1997 M -N
Eliz L e x & B S. See C & O.
102
L Y | n ,Y 1st gu g 4 % s.. 1940 J - J
102 M a r’ 98
102 104%
Elm Cort & No. SeeLeh&NY.
R e g iste re d ....................1940 J - J
103
118 110
113 Feb.’98
Erie 1st ext g 4s.............. 1947 M -N
Leh V T er R y ls t g u g 5sl941 A - O
111
111
111
111 112%
2d ext gold 5s................1919 M -S
..................
.1941
R
e
g
iste
re
d
11016 D e c ’ 9
111 109% J ’ly ’97
A -O
8d ext gold 4% s........... 1923 M -S 110 ..... 11296 N ov’ 97
L V Coal Co 1st gu g 5s. .1933 J - J
92% M ar’ 98
'0 2 % ” 92%
4 th e x t g o ld 5s............. 1920 A - O 1 1 7 % ....... 12016 O ct.’ 97
Registered.......... ..........1983 J - J
5th e x t gold 4s.............1928 J - D *104 105 10416 Feb.’98
10416 104% Leh & N Y 1st gu g 4s. ..1945 M - S
92 F eb.’98
92
92
1st consol gold 7s....... 1920 M -S
.. . . 142 14116 142
14116 14796
Registered..................... 1945 M - S
140 143
1st consol gold fd 7 s .. 1920 M -S
140 Feb.’98
El C & N l s t g 1st pf0s.l914 A - O
137 139
r M ar’ 98
Long Dock con gold 08.1935 A - O
Gold guar 5s...............1914 A - O
13516
101 Sep.’9'
B u ffN Y & Erie 1st 7s.l910 J - D
L Sep.’ 9
Leh & W ilkesb. See Cent NJ.
Buff & S W g o ld 0 s . . . . 1908 J - J
Leroy & Caney Val. See Mo P.
Small ........................
L ex A v & P F. See Met St Ry.
J - J
100 100
100 F eb.’98
Jeff R R 1st gu gold 5s.l909 A - O 102
L itch Car & W l s t g 0s. .1916 J - J
110 113
11016
Chic & Erie 1st g 5s.. . 1982 M -N 110 Sale 110
Little R&Mem ls t g 5s 1937 )
Coal & R R 1st c gu 08.1922 M -N
Trust Co c e r t fs ... . . . . . . . . J
* 20
Dock & Imp 1st cur 08.1913 J - J
Long Dock. See Brie.
N Y & G r e e n L g u g 5 s.l9 4 6 M -N
10516 Oct.’ 97
Long Island 1st 7 s . . . . . . 1898 M -N 102% ....... 101% N ov’ 97
Small.................. ................
1st con g 5s................... 1981 Qu-J *113 ....... 120 M a r’98
117% 120
80
93
86 Sale
86
89
Erie 1st con g 4s pr bds.1990 J - J
General gold 4s.......... 1938 J - D
85 .......
88 M a r’98
85% 89
Registered..................1990 J - J
Ferry 1st gold 4 % s... .1922 M - S
86% 90
80% Sale
70 Sale
09
1st con gen lien g 8 -4 s.l9 9 0 J - J
08%
7416
Gold
4
s
.
,
.
.
....................1932
J
D
71%
R egistered..................1990 J - J
Debenture gold 5s.......1934 J - D
Escan & L Sup. S eeC & N W .
N Y & R B 1st g 5 s .... 1927 M -S
100 May’ 91;
65 N ov’97
Eureka Springs 1st g 0s. 1933 F - A
2d in c o m e ............... 1927 Sept
E v & T H 1st con g 0Sv. .1921 Jo - .1 114 117 117 Mar ’ 98
11016 117
N Y B &M B co n g 5 s.. 1985 A - O 104,
107%
D e c ’ 97
M-O
-N 00
82% M ar’ 98
1st general gold 5 s .... 1942 A
82% 8216
Bklyn & M on l s t g 0 s .1911 M - S *108
J -O
- J
M t Vernon 1st 0s.........1923 A
1st 5 s ..........................1911 M - S *104
A--O
O
Bull C o'B r’ch 1st g 5s. 1980 A
Nor Shb ls t c o n g g u 5 s ,.’ 82 Qu-J
7716 Feb.’ 98
77% 78
E v & Ind 1st con gu g 08.1920 JJ -- D
J
N Y Bay E x R ls t g u g 5 s ’ 4S J - J
7argo & So. S eeC h M & S tP . J - D
Montauk E x gu g 5s. ..1945 J - J
113% 117
115
115
- lint & Pere M g 0 s ... .1920 AJ --O J
La & Mo Riv. See Chi & Alt.
F
A
9 4% F eb .’ 98
8916 95
1st consol gold 5s.......1939 M -N
L E & S t L C o n c n g 5 s .l9 3 9 . )
9216 Mar ’ 98
83
92%
Tr Co c e r t s . ....... .
j
O ' 87%
P t H uron D iv 1st g 5s.l939 AA--O
38 Feb.’ 98
Fla Cen & Peri 1st g 5s. .1918 JM- J T04
Genera 1gold 4 s ,........... 1943 M - S
9% A u g’97
M -8
A -O
* N o prices or sales on Friday
; these are latest bid and asked prices this week.
A -O
A -O
( G i v e n a t f o o t o f 8 c o n s e c u t i v e p a g e s ) . - -TEL. & ELECTRIC, &c.
A -O
M -N
Bid. Ask.
T e l e g . & T c lc p t a ,
Ask.
T e le g . & T e ie p h .
Bid. Ask.
Bid.M -N
E le c tr ic C om p a n ies
Bid. Ask.
Erie Teleg & Teleph—N Y Stock
86
East End Electric Light..
yracuse Gas—(Con.)
40
W
est’n
Union
Teleg—N
Y
A
O
Stock
80
E xch Electro-Pneuihatic... . . . . .
I s t 5s 1 9 4 6 . . . ...........J&J
1%
Gold & S t o c k ................. 111
F ort W ayne Elec. Co .. 25
festem Gas(Milw)—Stck List. J - J
90
J
Series A . . . . . ; . ; , , , . . . . . .
5s—See N Y Stock Exch
72
Hudson
River
Telephone
Allegheny
Co
Light
C
o..;
77
J
127
General Electric Co—N Y Stock E xcb
T e le g . & T e le p h .
110
M -N
Do preferred...................
.merican Dist Tele—NY
90
198 200
87
J -D
H artford (Ct) Elec Lt Co. 120 123
merican Tel & Cab—NY
*
19
21
H artf’d(C i) Lt&PowCo25 ■ 5
entrai & South Amer. . ..
13
Eddy Electric M fg CoT.25
New Eng Telep—See Bost on list
io
Mo Edison E lectric..........
57
52
18
hes & P oto Teleph—Stk
13
Northwestern Telegraph, 110
Edison El Tit Co NY—N Y Stock B xih
<Do preferred..
105
47
43
B ond 5s...................... •* 102
Edison El 111 Co Brk—N Y Stock Exch Narragan. (P rov)E l Co.50 ■ 83%
N Y & N J T elep h on e.... 140 145
ommercial Cable—N Y S
Edison f ' re Milling C o....
12Q
!5 s 1920................... J&J 106%
New H av (Ct) Elec Lt Co 100
Ommer Union Tel (N Y).
Ed *7 • d o rage C o .. . . . . . .
68
76
Pacific & A tla n tic,. . . . . . .
A Price per share.
70
65,
Impire & Bay State T e l..

G

H
i

D

K

L

I

1

OUTSIDE SECURITIES




THE CHRONICLE-BOND PRICES (5 pages)

A p m l 8, 1898,]

Price
F riday,
A p r il 1.

BONDS.
N .Y . STOCK E X C H A N G E
W e e k E n d in g A p r . l .

Week's
R ange or
Last Sale.

sqGQ

Range
fr o m
Jan. 1.

BONDS.
N.Y. STOCK E X C H A N G E

«là
« s»
o
«*

Page

P rice
F rid a y,
A p r il 1.

3.
Week’s
R ange or
L ast Sale.

655
R a n ge
fr o m
Jan. 1.

W e e k E n d in g A p r . 1.
Bid. A sk. Low. H igh No. Low. High.
Bid. A sk. Low. H igh V o. Low.High.
Louisv & Nashv con 7s. 1898 A - O
103% M a r’98
102% 105
Nash Chat & St L— (Con.)—
Cecelian Branch 7s. ...1907 M -S 102
106 N ov’97
1st gold 6s Jasper Bch. 1923 J - J
N O & M l s t g 6s..........1930 J - J
121% Mar ’98
120%
122
Nash
Flor
&
Shef.
See
L
&
N
2d gold 6s..................1930 J - J 100
107% Feb.’98
107% 107% N ew H & D . See N Y N H & H
E H & Nash ls t g 6 s... 1919 J - D i l l
113
113
113 117
N J June RR. See N Y Cent.
General gold 6s___. . . .1930 J - D 117
117
117
117 120
N J Southern. See Cent N J.
Pensacola div gold 6s. 1920 M -S 100
103Jé Sep.’ 97
New
&Cin Bdge. See Penn Co
St L div l s t g 6s........... 1921 M -S
121 J ’ly ’ 97
N O & N E prior Hen g 6s. 1915 A - O
2d gold 3s. .i................1980 M -S
N Y B & Man Bch. See L I.
Nash & Dec 1st 7s.......1900 J - J
110 D e c ’ 97
N Y Bay Exten RR. See L 1.
Sink fd (S&A) g 6s___1910 A - O
N Y Cent & Hud R —1st 7s.’ 03 J - J 114 117 115
S & N A con gu g 5 s ... .1936 F - A
94
116
95 M ar’ 98
115 117%
94
98%
R egistered............... 1903 J - J .........118
Gold 5s.......................... 1937 M-N *101
115% 115%
104% Feb.’98
115% 117%
101% 104%
Debenture 5s o f . 1884-1904 M - S 106
Unified g 4 s . ................1940 J - J
86 Sale
106% 107
85
86%
106% 112
85
91%
R egistered ___1884-1904 M - S 106 Sale 106
Registered................. 1940 J - J
107
106 111%
R
eg
deb
5s
o
f
..
.1889-1904
F
A
Pens & A tl Is tg u g 6 s .l9 2 1
M - S 106
* 95
109% Sep.’ 97
100 M a r’98
100
109
Debenture g 4 s .. 1890-1905 J - D 102% ....... 105 Feb.’ 98
Si Coll trust g 5 s ...............1931 M -N *101
104% 105
102% M ar’ 98
102% 108%
Registered.......1890-1905 J - D 102
L& N & M & M lstg 4%s. 1945 M -S *102
Feb.’ 98
104% 104%
106% Sep.’9
Debt certs e x t g 4s___1905 M -N 102% Sale 104%
liN Fla & S ls tg u g 5s ..1937 F - A
102% 102%
90 M ar’98
102% 105
90
95
Registered................. 1905 M -N 102 % .......
Kentucky Ceut g 4s. ..1987 J - J
104
88
104 105
88
87
91
Harlem 1st 7s..............1900 M -N 108% HO 104
L C in & L e x g 4 % s....l9 3 1 M -N ■105
109% M ar’ 98
103 Jan.’98
109% 109%
103
103
R
egistered................
1900
L & Jeff Bge Co gu g 4s. 1945 M -S
M -N 1 0 8 % ....... 109% Jan.’ 98
109% 109%
N J June R g u 1st 4s .1986 F - A 100
L N A & C. See C 1 & L.
__ 108 M ay’9
R egistered .............. .1986 F - A
Louis R y Co 1st con g5 s.l9 3 0 J - J
109 M ar’ 98
103
109
W est Shore 1st 4s g u .2361 J - J 107 108 107
ahon Coal. S eeL S & M 8 .
108
107 110 %
R egistered................. 2361 J - J
anhattan Ry con 4s. 1990 A - O
107% 106
106%
92% Sale
92%
106 110
95
92
98%
Beech Crk 1st gu g 4s. 1936 J - J
Metropol El 1st g 6s... 1908 J - J 116% Sale 116% 116%
108%
N
ov’
97
115
119%
R egistered ................. 1936 J - J
2d 6s............................1899 M -N 103 Sale 102 % 103
102% 105
2d gu gold 5s....... ...1 9 3 6 J - J
Man S W Coloniz g 5s. . . 1934 J - D
Registered..................1936 J - J
Market St C Ry 1st g 6s. 1 9 13 J - J
Clearfield Bitum Coal Corp
M cK ’p t & B V . SeePMcK&Y,
1st s f int gu g 4s ser A . ’4 0 J - J
Metropolitan El. SeeManRy.
86 N ov’97
Small bonds series B. . ’40 J - J
Mat St R y gen c tr g 5s. .1997 F - A 110 Sale 109% 110
109 116%
Gouv & Oswe 1st gu g 5s.’ 42 J - D
Bway&7th A v ls t c g 5s. 1943 J - D 118% Sale 118% 119
118%
122%
R
W
&
O
goon
ls
t
e
x
t
5
s
.’
22
. R e g iste re d ................ 1943 J - D
A - O *119 123 120 M ar’ 98
120 123
Nor & Mont 1st gu g 5 s.’ 16 A - O
Col& 9thA v ls t g u g 5 s .l 993 M -S *116%
117 123%
R W 4 0 T R ls t g u g 5s. 18 M -N
Registered . . .............1993 M -S
Oswe & R 2d gu g 5 s ..1915 F - A
L ex A v & P F 1st gu g 5s.’ 98 M -S 117 Sale 117
in
117 123%
Utica & Blk Riv gu g 4 s.’ 22 J - J *102
R eg istered .............; .......... M -S
107% J ’ne’97
Moh & Mai l s t g u g4 s.l9 9 1 M - S
M ex Cent con gold 4s.. . 1911 J - J
66% Feb.’9S
66%
66%
Cart & A d 1st gu g 4 s .1981 J - D
1st con incom e g 3 s ... 1939 July
N Y & P u t ls t c o n g u g 4 s .’ 9S A - O
2d con incom e g 3 s .... 1939 July
N Y & North l s t g 5s. .192 A - O *112 . . . . . 126 F eb.’98
Equip & coll g 5s....... .1917 A - O
126 126
N Y Chic & St L l s t g 48.193. A - O 101% Sale 101% 104%
M ex Internat 1st con g 4s.’77 M -S
72% Sale
101% 107%
71%
73%
R egistered .................... 1937 A - O
M ex Nat 1st gold 6s.......1927 J - D
108
N
ov’
97
N Y & Greenw Lake. See Erie
2d incom e gold 6s A . . 1917 M -S
N Y & H a r. SeeN Y C & H ud.
Coupon stam p ed .............. M -S
N Y Lack & W . S e e D L & W
2d incom e g o ld 6 s B ..1 9 1 7 Ann.
J ’ly ’97
N Y L E & W . See Erie.
Mex North 1st gold 6 s ..1910 J - D
Feb ’97
N Y & Man Bch. See Long Is.
R egistered ............... 1910 J - D
N Y & N. E. See N Y N H & H
Mich Cent—1st con 7s.. 1902 M -N 113 113% 113
113
113 115% N Y N H & Hart ls t r e g 4 s .’ 03 J - D
1st con 5s....... .............. 1902 m - n | 103
104% O ct.’ 97
105% M ar’ 98
106%
106%
Convert deb certs $1,000 . A - O
, 6 s . . . . .................... .....1 9 0 9 M -S
145 M a r’ 98
145 150
122' Feb.’98
122 123
Small certfs $ 1 0 0 ..........
< 5s.......§ .........................1931 M -S
146 Jan.’98
145 146
127 Jan.’ 98
127 127
H ousatonic R con g 5s. 193'. M -N
’ ■ R egistered ................1931 Q -M
125% F e b ’ 97
125% Jan.’ 98
125% 125%
N
H
&
Derby
con
5
s
..
.1918
M -N
4 b- . . . . . / . . . ........
1940 J - J
106 F eb.’98
106 106
N Y & N E 1st 7s.........1905 J - J *117% 118 119 Feb.’ 98
R egistered ................ 1940 J - J
119 119
108 Jan.’ 98
108 108
1st 6s................. 5 .... 1905 J - J *111% 112 114 May’ 97
Bat C & Stur 1st gu g 3s ’89 J - D
N Y & North. See N Y C & H.
Mid o f N J. See N Y Sus & W
N Y O & W con l s t g 5s. 1989 J - D 1 0 5 % ....... 106
Mil Elec R y & Light consol
106%
106 108%
R efunding 1st g 4s___1992 M - S *95% .......
. 8 0-y rg 5 s ....... ............ 1926
96
96%
96 102%
Regis $5,000 o n l y ...1992 M - S
M L S & W . See Chic & N W
N Y & Put. See N Y C Sc H.
Mil & Mad. See Chic & N W
N
Y
&
R
B.
See
Long
1*1.
Mil & North. See Ch M & St P
N Y S & W —1st ref 5 s...1937 J - J 105 Sale 105
Mil & St P. See Ch M & St P
106
108 108%
2d gold 4% s..................1937 F - A
Min & St L gu. See B C It & N
90 Mar ’ 98
84% 91
General g 5s.................. 1940 F - A
90 Sale
Minn & St L—l s t g 7s ..1927 J - D *135
89
90
87
98
143 J ’l y ’ 9
Terminal 1st g 5s........ 1943 M -N *111
1st com* gold 5s.......... 1934 M -N 104% ,
111
M ar’ 98
110% 111 %
104% 105%
104%
108%
Regis
$5,000
e
a
ch
...
1943
M -N
Iowa ex 1st gold 7 s .. .1909 J - D
127 N ov’9
Wilk& E astlst gu g 5s. 1942 - D
South W est ex 1st g 7 s.’ 10 J - D
97 M a r’98
93% 101%
Mid R R o f N J l s t g 6sl910 A - O * ! ! ! ! ! : Ì2Ó% 121 F eb.’ 98
Pacific ex 1st gold 6s .1921 A - O
114% 121
121% A u g’9'
N Y T ex & M. See So Pac Co
M & P 1st 5s st 4s li» ig u ..’36 J
North Illinois. See Chi & N W,
M SSM&A lstg -4 s in t g u .’ 26 J - J
North Ohio. See L Erie & W,
M StP&SSM con g 4s intgu’88 J - J
Northern Pacific—
Minn St R y 1st con g 5s. 1919 J - J
Gen 1st R R & L G s f g 6 s .’ 21 J - J
Minn Un. See St P M & M.
112 112
12 119%
Registered..................1921 J - J
Mo Kan & T ex —1st g 4s. 1990 J - D
112
112
112 119
84%
85% Sale
86%
84% 91%
St P & N P gen g 6s. ..1923 F - A
2d gold 4s....................1990 F - A
128 D ec *97
59 Sale
57
57
67%
Registered
ctfs
.........1923
Qu-F
1st exten gold 5s........ 1944 M -N
126 N ov’ 97
83% Jan.’98
83% 83%
Prior lien r & l g g 4 s ., 1 9 9 7 Qu-J
93% Sale
M K & T o f T 1st gu g 5s. ’42 M -S 1....... : 81
93
94%
93
97%
80
80
80»jiu. 85%
Registered..................1997 Qu-J
. K G & Pac 1st g 4s. ...1 9 9 0 F - A
93%
93% 97%
75% Sale
75%
75%
71
7
General
lien
g
8s.........2047
Qu-F * 60
D a l& W a ls t g u g 5s. 1940 M -N
57%
If*
57%
63%
80
8
R e g iste re d ................ 2047 Qu-F
Boonev B d g C o g u g 7s. . ’ 06 M -N
Nor Pac Ter Co 1st g 6s. 1938 J - J 106 106% 106% M ar’ 98
Tebo & Neosho 1st 7s. 1903 J - D 106 .......
104 ‘ 107%;
Nor
Ry
Cal.
See
Cent
Pac.
Mo K & E 1st gu g 5 s ... 1942 A - O
93% Sale
03%
96%
98% 99% N orW is. See C St P M & O. ;
Mo Pac—1st con g 6s. ..1920 M -N
94% Sale
93
96
93 100% Nor & South 1st g 5 s .., .1941 M -N 102
8d 7s............ .
......1 9 0 6 M -N il0 9
105 M a r’ 98
105 105
....... 108
108
108 109
Nor & W est gen g 6 s .... 1981 M -N *120
T ru stg 5 s . . . . . ; ; .........1917 M - 8 * 65 .......
20 Mar *98
120
125%
79 Feb.’98
65% 79%
Now R iver 1st g 6s___1982 A - O *118
R egistered............... 1917 M -S
18 M a r’98
118 118
Im
prvm
t
&
dxt
g
6
s
...
1984
F -A
1st coll gold 5 s .......... 1920 F - A * 62
17
F
eb.’
98
117
119%
65
63
64%
62
72%
C C & T 1st gu g 5s___1922 J - J
Registered . . . ; ........ 5 920 F - A
01 F e b ’ 97
Scio V&N E ls t g u g 4 s .l9 8 0 M -N
81% 81% 86 Mar ’98
Pac R o f Mo l s t e x g 4 s .’38 F - A *102% 103% 02 M ar’98
83% 87%
102 106
N & W ;R y ls t c o n g 4s. 1996 A - O *78%
2d extended gold 5». 1938 J - J 106 ...
79%
80%
78% 85
106% Feb.’98
106% 106%
R e g iste re d ....... .....1 9 9 6 A - O
V erd V 1 & W 1st g o s ..’ 26 M -S
S
m
all..........................
1996
A -O
Leroy & C Y A L 1st g 5s ’26 J - J
Nor & Mont. See N .Y .C en t.;
S tL & IM t ls t e x t g 4 % s .’47 F - A
... 110 107% Feb.’ 98
107% 110%
g & L Ch 1st con 6 s..1920 A - O
2d eat g 5s...............1*4 6 M -N
.. . 106
05 M a r’ 98
105 105
In co m e ................... 1920 Oct.
ArkBranch oxt g 5s. 1935 J - D *102
102
102
102 108
Incom
e small....... ............... Oct.
Gen con,ry & la grt g 5s ’31 A - O
87% Sale
87%
92%
S7%
94%
O
Ind
& W . See C C C & St L.
Gen con stamp gtd g 5s ’ 31 A - O
....... 91
88 M ar’ 98
86
92% Ohio & Miss. See B&O SW.
Miss R iv Bdge. See Chic & A lt
Ohio R iver R R 1st g 5s..1936 J - D
Mob & Birr» prior lieng 5s.’45 J - J
102 Jan.’98
102 102
General gold 5s............1987 A - O
Small................................... J - J
Ohio Southern 1st g 6 s..1921 J - D
Incom e gold 4s............1945 J - J
84% F eb.’98
80
84%
General gold 4s............1921 M -N
Small.................................
14% F eb.’98
11
15
Eng Tr Cq certfs.............. .
10
13
Mob & Ohio new gold 6s. . ’2. J - D
10
10
10
14%
........ 121 % 120 M ar’ 98
120 123
Om & St L 1st g 4s.........1901 J - j
76
1st extension gold 6s. 1927 Qu-J
79
76%
76%
76% 82
. . . . . 118% 19 D e c ’ 97
Ore
&
Cal.
See
So
Pac
Co.
General gold 4s____ ..1938 M -S
72% Sale
72
74 72
80% Oregon Imp Co 1st g 6s. 1910
St L & Cairo gu g 4s .. 1931 J - J
109 Mar ’98
1Ó9 109%
Eng Trust Co ctfs o f dep.
106% . . . . . . 106
Mohawk & Mai. See N Y C & H
108
03% 112%
Stamped int pd to D ec 1 ’97
Monongahela Riv. See B & O
Con gold 5s....................1939 A - O
M ent Cent. See St P M & M.
32% A ug’ 97
Con
Tr
Co
re
cfs
all
inst
pd..
55
Sale
Montauk Ext. See Long Is.
54%
57%
51
62%
O reRy &Nav l s t s f g 6s. 1909 J - J
115 1 18 % M a r’ 98
Morgan’s La & T. See S P Co.
12% 115
Ore R R & Nav con g 4s.. 1946 J - D
92
93
Morris & Essex. See Del L&W
93
93%
93
97
Ore
Short
Line
1st
g
6
s
.1922
F - A 119' 120% 120
ash Chat & St L 1st 7s. ’ 13
120%
119% 127%
J
130 M ar’ 98
129% 131%
Utah & Nor 1st 7s....... 1908 J - J 115
2d 6 s ........... •..........1901
120 D e c ’97
J
105 105% N ov’ 97
Gold 5s.......................... 1926 J - J 100 1st con gold 5s............ 1928 A - O
102 May’97
100 102% 102%
102%
105
Ore
Sh
L
1st
con
g
5
s..1946
98 Sale
J - J
1st 6s T & P b ...............1917 J - J
96%
99%
96% 102
Non-cum inc A 5s.......1946 Sept.
62
64
1st 6s McM M W A A1.1917 T - J
60
63
58
69
Non-cum inc B & col trust.. Oct.
45
45 M a r’ 98l
39
49
‘ No prices or sales on Friday j these are latest bid and asked prices this week.

....

M

O

....

N

OUTSIDE SECURITIES
E le c tr ic

C om p m ijcg

Bid. Isk.
R hode Island Elec Pro Co. 115
120
T oronto (Can) Elec Lt Co. 135% 136%
Thom -Houst W elding Co.
100
United Elec Lt&P Co pref
12
20
B o n d s ..........
80
85
W esting Elec&MfgCo—Si eB ost List.
W oonsocket (R I) El Co..

F e r r y C om p an ies.

B ’klyn & N Y Ferry-Stock 192
Bonds o f 1 9 2 0 ..;.
¿1.17
Hoboken Ferry—-Slock..
85
1st 5 sl9 4 6 ....-:...M & N ¿104




195
108

(G iv e n

at

foot

of

Ke r r y C om p a n ies.

8 c o n s e c u t iv e

Bid. Ask.
Metropolitan Ferry—5 s .. ¿108 110
N J & N Y Ferry—Stock..
1st 5s 1948..............J&J ¿ 98 100
N Y & E R Ferry—Stock.
70
72
Bonds 5s o f 1932.......... ¿ 91
94
N Y & S B Trans & Ferry
26
30
B on d s........ ............
¿ 90
92
10th & 23d Sts F e r r y ...!!
68
71
1st mort 6s 1 9 1 9 ...J&D ¿ 90
95
Union Ferry—Stock.........
56
57%
11st 5s 1 9 2 0 ...,...,M iN ¿100 103

R a ilr o a d s .

AtC Col & P 1st 6s tr co cts,

80

35

pages

).;—

FERRY <$ RAILROADS.

R a ilr o a d s .
A t Jew Co & W n 1st 6s
80
85
A tch & Pike’s Peak 1st 6s
60
A te T& S Fe gu fd 6s notes 102
103%
A tl’ta& Ch A ir L 1st 7s ’ 07 118
Atl&P cts o f dep gu 4s st’d 106
Bost & NY A ir Line—Com
Preferred—See N Y Sto ck E x ch.
California Pacific lst4 % s 100
Do
2d mort guar
95
Ch Mil & St P Dub Div ’ 20 ¿124
Do
W is Val div 6s ’ 20 ¿124
Ch&NW 1st 7s Mad e x t’ l 1 ¿130
Do Menominee ext ’ 11 ¿130

_____ R a ilr o a d » ._____

Bid.
Chic & North W —(Con)—
Chic& Tom ahlst 6sl905 3112
NorthwUn. 1st 7s 1917. ¿139
FremElk&MoVal ls t ’ 33 ¿180
Do
unstamped ¿130
W in&StP 1st ext 7s ’ 16 ¿139
Ch & East 111 sink fd col tr
Chic. Peor. & St I/—Stock
i 1st mort 4s 1925..........
i 2d-mort incom es..........
Cin&Spgf 2d 7s gu C C C&I ¿107 109
Jack L S-Sag l s t e x t 5 s ’0l 101
: 3And interest. *Price per sh

THE CHRONICLE.—BOND PRICES (5

656

B rice
F rid a y,
A p ril 1.

BONDS.
N .Y . ST O C K E X C H A N G E
W e e k E n d in o A p e . 1.

Hange
fr o m
Jan. 1.

; Week's
Range or
Last Sale.

B id . A s k . Low . H igh . No.
Oswego & Rome. See N Y C
O C F & St P. See C & N W
ac o f Missouri. See Mo Pac
ana m a sf s’ bsidy g Os.1910
Pennsylvania Co—
111 110 ^ M ar’ 98
Penn Co gu 1st g 4%S.1921 J - J
■Registered................. 1921 J - J 109 no 112% D e c ’ 97
Gtd 3% scol trust reg. 1937 M -S
P C C & St L cou gu g 4%s—
111
111
Series A .................. 1940 A -O
112% Feb.’ 98
Series B g u a r............1942 A - O
■ 8 6 rie8 C g u a r............1942 M -N
102 O ct.’9
Series D 4s guar.......1945 M -N
106% M ar’ 98
Pitts (Jin & St L 1st 78.1900 F - A
109% A p r’97
R egistered.................. 1900 - A
140% Jan.’98
Pitts Ft W & C 1st 7s. 1912 - J
140 M a r'98
2d 7s....... ....................1912 - J
3d 7 s ..................
1912 A - O
112% A p r ’97
C St 1j & P 1st con g 5s. 1932 A - O *109
Registered ................ 1932 A -O
109 N ov’97
Clev & Pitts con s f 7s. 1900 M -N 109
J *110
Gen gu g 4% sser’s A.1942
Series B................... 1942 A - O *110
102 Jan.’ 98
St L Van & T H 2d 7s. 1898 M -N 102%
102% M ar’98
2d guar 7s..................1898 M -N 102$£
- J
Gr R& 1 ex 1st gug4% s. 1941
102 N ov’9'
Allegh Val gen gu g 4s.l942 M -S
J
N & C Bdge gen gu g 4%s.’45
Pennsylvania RR Go—
1st real estate g 4 s .... 1928 M -N
108 May’97
Con sterling g 6s.........1905 J - J
Con currency 6s re g ...1905 Q -M
Con g 5 s . . . . ................ 1919 M -S
Registered....... ...........1919 Q -M
Con g '4 s ... . ..................1943 M -N
Cl & Mar 1st gu g 4% s.l 935 M -N 108
115% Feb.’98
Ü N J R R & Can gen 4s. 1944 M -S 112
D R RR& Bge lstg u 4 sg .’36 F - A
Pensacola & At. See I. & Nash
99% M ar’ 98
98
95
P eo D ec& E lstg O str rec.’ 20 J - J
Evans Dlv ls t g 0 s t r r e c .’2O M
90 B’eb.’ 98
90
14% D e c ’ 97
2d g 5s tr rec 1st pd.,1920 M -N
P eo & Bast. See C C C & St L
12% Mar’ 97
P eo & Pek Un ls t g 6 s ... 1921 Qu-F 120
86% Feb.’ 98
2d g 4% s........................192" M -N > 85
143
37 N ov’ 97
Pine Creek reg guar 8 s .. 1932 J - D
Pitts Cin & St L. See Penn Co,
P C C & St L. See Penn Co.
Pitts CleV & TOÏ ls t g 0s.. 1922 A -O
Pitts & Connellsv. See B & O
Pitts Ft W & Ch. See Penn Co,
Pitts June 1st g 6s....... 1922 J - J
Pitts & L B—2d g 5s A & B. ’ 28 A -O
Pitts McK& Yo—ls tg u 0 s .’ 82 J - J
2d guar 6s.....................1934 J - J
M cKee & B V 1st g 0s. 1918 J - J
Pitts P & F 1st g 5s.......1916 J - J
Pitts Sh & L B 1st g 5s. .1940 A -O *107 107% 108% M ar’ 98
98 J ’l y ’ 97
1st consol gold 5s..... 1943 J - J
80
85
Pitts & W est l s t g 4 s . ..1917 J - J
81
81%
33% Mar’ 97
Gold 5 s............... 1891-194 M -N
Pitts Y & Ash I s tcb n 5 s l9 2 7 M -N
80 Sale
82
Y> eading Co gen g 4 s ... 199' J - J
79
JLV R egistered .............. 1997 J - J
Rensselaer & Sar. See D & H
R ich & Dan. See South Ry.
80 Sale
79%
81
R io Gr W est 1st g 4s. ...1 9 3 9 J - J
94% Feb ’ 98
R io Gr Juno 1st gu g 5s. 1939 J - D
54 Feb ’ 98
R io Gr So 1st g 3-48........1940 J - J
Koch & Pitts. See B R & P.
R om e Wat &Og. See NY Cent
alt Lake C I s t g s f 0S..1913 J - J
70 Mar ’ 98
t Jo&G 1 1st g 2-3 4 s .. 1947 J - J
St L A & T H. See Illinois
Central.
St L & Cai. See Mob & Ohio.
St L & Iron Mount. See M P.
St L Jack & Chi. SeeCh&Alt.
St L K C & N. See Wabash.
St L M Br. See T R R A o f StL
St Louis & San Francisco—
2d gold 8s Class A . . . . 1900 M -N 114 116 115% M ar’98
2d gold 6s Class B .......1900 M -N *114 110 114% M ar’ 98
114
114
2d gold 6s Class C ....... 1906 M -N 114
1st g 6s Pierce C & 0 ..1 9 1 9 F - A
118% 117% 117%
General gold 6s............1931 J - J
102
102%
General gold 5s............1931 J - J
97% Feb ’ 9«
1st trust gold 5s.......... 1987 A -O
F tS & V B Bdg ls t g 0s. 1910 A -O *103
105 Oct. *97
Kansas Mid 1st g 4 s ... 1937 J - D
70%
78%
72% Sale
St L & S F R R g 4 s .... 1990 J - J
90
92% 95% M ar’ 98
Southw Dlv l s t g 5s... 1947 A - O
St L So. See S tL A A T H .
75
73%
73%
S t L S W 1st g 4s b d cfs.19 8 9 M -N
25
20
2d g 4s inc bond c t f s .. 1989 J - J
26
St L Van & T H. See Pa Co.
90 N ov’97
St Paul City Cab. c g 5s. 1987 J - J
Guaranteed gold 5s... 1937 J - J
117 117 M a r’98
St Paul & Duluth 1st 5s. 1931 F - A
107% 109 Feb.’ 98
2d 5s.......... .................... 1917 A - O
St Paul M & M 2d 0 s .... 1909 A - O
121% 122% Jan.’98
118% M ar’ 98
Dakota ext gold 0s. . . . 1910 M -N
128 Feb.’ 98
1st consol gold 0s....... 1938 J - J
R e g iste re d ................ 1933 J - J 123%
107 M ar’ 98
Reduced to gold 4%s 1983 J - J
100% Mar’ 98
R egistered...............1933 J - J
99 M ar’98
M ont B xt 1st gold 4 s .. 1987 J - D
90 Feb.’9S
R egistered..................1937 J - D
122% Jan.’ 98
Minn Union 1st g 6s... 1922 J - J
127% Feb.’98
M on tC l s t g u g 0 s .... 193 J - J
115 A p r’ 97
R e g iste re d ................ 1987 J - J
109% 109% 109%
1st guar gold 5s....... 1937 J - J
R egistered ................. 1937 J - J
108% 108 M ar’ 98
H Minn ls t d iv ls t g 5s. 1908 A - O
R egistered................. 1908 A - O
111 N ov’ 9‘
W ill & S F l s t g 5 s . . . . 1938 J - D
R egistered ................. 1988 J - D
St P & Nor Pac. See Nor Pac
StP & S’x City. See C StP M&O
S A & A P. See So Pac. Co.

V

S

pages) PAGE 4.
1 rice
F riday,
A p r il 1.

BONDS.
N .Y . S T O C K E X C H A N G E
W e e k E n d in g A p e . 1.

[VOL.

LXVI.

W eek's
R ange or
L^isl Sale.

R ange
fr o m ,
a an . 1.

B id . A s k . L o w . H igh .
Low. H ig h ,
00% Oct.’ 97
105
S F & N P 1st s f g 5 s ... 1919 J - J
104% O ct.'97
Sav F & W 1st con g 6s. 1934 A - O
1st g 5s......................... .1934 A - O
Scioto Val & N E . See Nor & W
104% Feb.’98
104% 104%
Seab & Roa 1st 5s........... 1926
Sea & B Bdge. See Bklyn El.
110 114
Seat L S & E lstg u g 6 s .. 1931
80 Jan.’98
Trust reepts ass’ment paid. F - A
Sod Bay & So 1st g 5 s .. .1924 J - J
So Car & Ga 1st g 5 s.. ..1919 M -N
111 113
Southern Pacific Co—
111% 113
107 107
Gal Har &S A 1st g 0S.191O F - A
07 Jan.’ 98
100 105
105 Mar ’98
2d g 7s.........................1905 J - D *101
92
95%
95%
95%
95
Mex & Pac div 1st g 5s.’31 M -N
106% 106%
H o u s & T C 1st W & N 7s.’ 03 J - J 125
108% 110%
1st g 5s int g td ..........193 J - J 110 Sale 109% 110
140 140%
107 107
107 M a r’ 98
Con g 6s int g t d ....... 1912 A - O 105
140 140
78
80
8
78%
75
Gen g 4s m t g td ....... 1921 A - O
120% 120%
120% Feb.'98
Morgan’s L a & T ls t g 6 s .’20 J - J
127 127
127 Feb.’ 98
1st 7s.......................... 1918 A - O
N Y T & M exgu l s t g 4 s .’ 12 A - O
75
75 Jan.’ 98
Ore & Cal 1st gtd g 5s. 1927 - J
50% 62%
58
S A & A Pass 1st g u g 4 s .’ 48 - J
50% 58% 50%
110 M a r’98
T e x & N O 1st 7s.........1905 F - A
102 102
106% N ov’ 9
Sabine div 1st g 0 s.. 1912 M -S 105
102% 102%
98
98%
96% 98%
98
J
Con g 5s..................... 1948
100% 104%
102
104%
S o P o f A rgu ls t g 6 s .’ 09-10 J - J 102
110 110
11(T Jan.’9b
S P o f Cai 1st g 0 s .’ 05-12 A - O
92% 97
96
96
90 .......
1st con guar g 5s. .1987 M -N
83% 87%
83% Sale
83%
84
A & N W 1st gu g 5s.l941 J - J
S P Coast 1st gu g 4 s.. 1987 J - J
05% 108%
107% 107%
S Pac o f N Mex 1st g B s.’ l l J - J 100
90%
87% 94%
88% Sale
87%
Southern Ry—l s t c o n g 5s.’ 94 J - J
R egistered..............
1994 J - J
100 F eb.’ 98
90 100
E Ten reor lien g 4-5S.1988 M -S
R egistered ................. 1938 M -S
112% A u g’ 97
A la Cen R 1st g 0 s .. . . 1918 J - J
115% 115%
A tl & Ch Air Line inc. 1900 A - O
119 D e c '97
Col & Greenv 1st 5-0S.1916 J - J
106% 107
100% M ar’ 98
99% 100%
E T Va & Ga 1st 7 s... . 1900 J - J 105
113% M ar’ 98
112% 115
Divisional g 5s......... 1930 J - J 112 114
90
96
108% 111%
109
Con 1st g 5s...............1956 M -N 107 109 109
119% 119% 119%
118% 121
Ga Pac Ry 1st g 5 -0s.. 1922 J - J
110 M ar’98
110 117%
K nox & Ohio 1st g 6s .1925 J - J 114% ,
122% M a r’98
122 125
Rich & Dan con g 0s. .1915 J - J
86% 80%
101 N ov’97
Equip sink fund g 5s. 1909 M -S
100 N ov’97
105 105
Deb 5s stam ped.......1927 A - O
100 M ar’ 98
100 105%
Virginia Mid gen 5 s ... 1936 M -N *101
103% M ar’98
103% 100
Gtd stamped.......... 1980 M -N *101
84 A u g’ 97
W O & W 1st cy gu 4s. 1924 F - A
112% 110%
115% Jan.’98
W est N C 1st con g 0S.1914 J - J
S & N Ala. See L & N.
Spok & Palouse. See Nor Pac
Stat Isl Ry 1st gu g 4% s.l948 J - D
Sunb & Lewistn l s t g 4s. 1980 J - J
Syra Bing & N Y. See DL&W.
I l0 % lt0 $
110% Feb.’ 98
T e r A o f St L 1st g 4 % s.’ 39 A - O 109
100% 109}«
107 Feb.’ 98
JL 1st con gold 5s. 1894-1944 F - A 105%
107 109
103 O ct.’ 97
St L M Bge Ter g u g 5s. 1980 A - O
77
86% Terre Haute Elec Ry g 6 s.’ 14 Qu-J
Tex & N O. See So Pac Co.
T&P Ry East div ls t g 0s’ O5 )
109 110%
From Texark. to Ft W . ) M - S *102 110 1 10% F eb.’98
79
87%
99% Sale
98
100%
96% 102%
1 s t gold 5s..................2 0 0 0 J - D
28
S3
30 .......
29
32%
2d gold Income 5s....... 2000 Mch.
122 124
123
123
Third A v 1st gold 5 s .... 1987 J - J ....... 123
102% 104%
104% Feb.’98
79
80% Tol & O C 1st g 5s..........1985 J - J
103% 103%
103% JanJ98
W est’n d iv l s t g 5 s....1 9 3 5 A - O
92% 94%
General gold 5s............1985 J - D
54
54
79
82%
78
Kan & M 1st gu g 4 s ...1990 A - O
80 M ar’ 98
09
72%
69
70 Mar '98
Tol P eo & W Istg old 4s. 1917 - J
86
90
86
86 M a r’ 98
T S t L & K C l s t g 0s tr. 1910 - D
100 104
Sale 100
100
lster & Del 1st o g 5s. 1928 - D
70
70
nlon Elev. See Bklyn Elev
Un El (Chic) 1st g 5 s ....l9 4 5 A - O
88% 95%
90% Sale
- J
88%
92%
Un Pac—R R & 1 g g 4s. 1947
- J
Registered..................... 1947
100 100
100 F e b ’ 98
Collateral trust g 6s.... 1908 - J
83 A u g’ 97
Gold 5s....................... 1907 - D
45
51
Tr Co ctfs g 4 % s ....l 9 1 8 M -N
45%
45%
111% J ne’97
Kansas Pacific 1st 0 s.. 1895 - A
118 122%
122% Feb.’ 98
E ngT r ctfs ex-mat coups
115 116%
114 Sep.’ 97
114% 116%
1st 6s.......... ............... 1896 J - D
112 125
125 Feb.’ 98
Eng Tr ctfs ex-mat cou,
113% 110%
120 120
130% Feb.’98
Denv dlv assd g 6s.. . 1899 M -N
117 181J
120 M a r’ 98
E ngT r rets ex-mat cou
110% 119%
84% 115$
99
105%
E ngT r rets 1st e g 0s.’ 19 M -N 102
101% 105%
65
C B Un P fd cou g 7s. .1895 M -N
93
97%
30 N ov’ 97
30
A tch Col & Pac 1st 6s. 1905 u-F
39
33
35 Feb.’ 98
U P L& C 1st g u g 5s. 1918 .- O
53 Sale
50%
55% 510 48% 59
U P D&G 1st c g 5 s tr r c .’ 89
70%
94%
Uni N J R R &C Co. S eeP aR R
Utah & North. See Ore S L.
Utica & Black R. See NY Cent
er Val Ind & W . See Mo P.
irginia Mid. See South Ry,
104% 110
107%
ab R R Co l s t g 5 s .. 1989 M -N 100% Sale 105
74% 82%
78%
74%
77 Sale
2d gold 5s............ 1939 F - A
115 117
Debenture series A ... .1989 J - J
22% 29%
24
24
107% 109
Series B....................... 1939 J - J ' 23% 26
99 104%
100%
ls t g 5 s D e t & C h E x t ..1941 J - J 100 100% 100
121 122%
108% 110
108% M a r’ 98
118% 122
StChasBridge ls t g 0 s . 1908 A - O
128 129
Warren RR.
ee Del L & W
W ash O & W . See Southern
106 108%
108% M ar’98
100 108% W est N Y & P a r-lst g 5s. 1937 J - J
48
55
50%
51
Gen g 3-4s..................... 1943 A - O
10
18
13% M a r’98
93% 100%
Incom e 5s.................. 1943 Nov,
90
90
W est No Car. See South Ry,
122 % 122 % Western Pac. See Cent Pac.
127 130
W Chic St 40-yr 1st cur 5s. ’ 28
40-year con g 5s...........1980
108 109% West Shore. See N Y Cent.
W V a & Pitts. See B & O.
108 108% W V a Cent & P 1st g 6s. 1911
W heeling & L E 1st g 5s. 1926
Trust Co certificates,
W heel Div 1st gold 5s.l928
E xten & Imp gold 5s. .1930
Consol gold 4s...............1992
Wilkes A East,. See N Y S & W

L ow . H igh

....

U

Y
W

* No prices or sales on Friday; these are latest bid and asked prices this week.

OUTSIDE SECURITIES
R a ilr o a d s .
Kingston & Pem b I s t M ..
L N A & Ch 1st 0s C &I Div
Memp & Char cons bonds
Newb Dutch&Conn inc b ’s
N Y El deb 5s gu Manh Ry
North Pac Mo Dlv 1st 0s.
Pittsb & Connellsv 1st 7s
Do
con 0s gu by B & O
fit P East & Gr Tr 1st 0 s ..
gu by Milw L S & W est
JPenn C I &,Ryjcon 6s 1901
D o ‘Smith Pitts 1st 1902
Vicksb & Meridian 1st 0s




Bid. Ask.
108
110
2
95
103
100

12

100
100
- d i " ’ * M“ *'

(G iv e n - a t

foot

of

M is c e lla n e o u s .
Bid.
A cker Merrall & C ond it.. 95
Amer A ir Power o f N Y .
15
American A xe & T o o l... .
American Bank N ote Co.
42
American Brake C o.........
90
Amer Grocery—1st p ref..
Am er Malting Co—C om ..
23%
P referred .......................
71%
Am er Pneumatio T ool Co
Amer Press A ssociation.. ÌÒÓ
American Screw. «... .1 ..... •175
A m er-Smokeless Powder.
Am Soda Fountain—Com
8

8 c o n s e c u t iv e
Ask.
100
25
30
44
93
10
24
78
11Ó
200
12 '

pages

).-

-R. R. & MISCELLANEOUS.

M i s e e l In n e o n s .
Bid. Ask.
Am. Soda Fount— (Con)—
1st preferred...................
53
60
25
2d preferred...................
40
American Surety.............. 170 177
Am Typefounders—Stock
40
43
Amer Sewing M achine...
3
American Strawboard....
24% 20

Anderson (John) T ob a c..
Autom atic Venjding.. . . . ,
Barney & Smith Gar-Corn

15%
15

16%
17

25
17

M i s c e l la n e o u s .
Barney & Smith—(Con)—
P referred ........................
0s 1942.................... J&J
Bergn & Engel Brew-Corn
P referred ........................
1st 6s............ ..................
Blackwell’s Durham Tob.
Bliss Company—Com.......
P r e f e r r e d ...........
Bond & Mortgage G u ar..
Boat & Montana 7s 1907.
Oarter-Grume^-iPref. ,v i..
Celluloid C o ... . . . .77777;.':

Bid.
04
97
80
100
105
10
85
100
185

68
100
102 %
112
10

too

112 %
200

A

p r il

2, 1898.]

THE CHRONICLE.—BOND PRICES
P rice
F riday,
A p ril 1.

BONDS,
W. Y . S T O C K E X C H A N G E
W e e k E n d in g A p r . 1.
W ii & Sioux F. See St P M & M
W inona & St P. See C & N W
W isC en tC o la ttrg O s ..19 3 7 J - J
Engraved trust certificates,
Incom e 5 s ..................... 1937 A - 0

Bid.

37

¡Week's
R ange or
L ast Sale.

©s
Sq

A sk. Low. Hiah

Sale

R ange
fr o m
Jan. 1.

M 1.
88% 45%
5
7%

m is c e l l a n e o u s b o n d s

m C otO il deb g 8 s ... 1900 Qu-F 106% Sale
m Dk & Imp 5s. See Cen N J
A m Spirits Mtg 1st g 0s. 1915 M -S
67
70
A tlanta G L Co 1st g 5s. 1947 J - D
ar & 8 Car Co 1st g 6s. 1942 J - J
Os U Gastr ctfs s f g 5 s.'39 J - J
B ’klyn U Gas ls t c o n g 5 s . .’ 45 M -N
B r'k ’n W S W H 1st g 5s. 1945 F - A
/■"lab Coal Min. S e e T C I& R .
v ^ G L & C C o . SeeP G & CCo.
Chic Jc & St Yd col g 5 s.. 1915 J - J
Clearf Bit Coal. See N Y C & H
Col C & 1 1st con g 6 s ... 1900 F - A
96 100
Col C & I Dev Co gu g 5s.. 1909
J
Coupons off............................
Col Fuel Co gen gold 6s. 1919 M -N
Col F & 1 Co gen s f g 5s. 1943 F - A
Columbus Gas 1st g 5 s ..1932 J - J
Com Cable Co 1st g 4s... 2397 Qu-J
R egistered.
....... 2397 Qu-J
Con Gas Co. S e e P G & C C o .
eBardel C & I. See T C & I .
el & H Can. See UR bonds
D et Gas Co con 1st g 5s.. 1918 F - A
. . . 05
f’ d El 111 1st conv g 5 s .1910 M - » .........109%
J 1st con g 5s............. 1995 J *114% 116
Ed El 111 B’ klyn 1 stg 5s. 1940 A - O
R egistered............................. A - O
E r le T & T c o lt r g s f 5s... 1926 J
Eq Gas L N Y 1at con g 5s.. '32 M
E q G & Fuel. See P G & C Co.
j.en Elec Co deb g 5 s .. 1922 J - D
101
* r Riv Coal & C l s t g 6s..'19 A - O
Gr Rap G L Co 1st g 5s. 1915 F - A
ack W reor 1st g 5s.. 1926 J end B Co l s t s f g 6 s.l9 31 M '105
Hoboken Ld & Imp g 5s. 1910 M -N
111 Steel Co deb 5s.......... 1910 J
Non-conv deben 5s. . . . 1910 A - O
Iron Steamboat Co 6s.. . 1901 J - J
Jeff& Clear C & I 1st g 5s 1926 J - D
2d g 53...........................1926 J - D
K C Mo Gas Co 1st g 5s. 1922 A - O
LacGas-L Co o f StL lstg 5s’ 19
101 Sale
Small bonds.......................... Qu-F
Mad Sq Garden l s t g 5 s .1919 M -N
Man Bcb H&L lim gen g 4s ’40 M -N
M et T & T 1st s f g 5s.. .1918 M -N
R egistered.................... 1918 M -N
Mich Pen Car Co 1st g 5 s .'42 M -S
M ut Un Tel Co. See Wn Un.
Nat Starch M fg Co 1st g 6s ’ 20 M -N
Nwpt News S&D D 5s. 1890-90 ,1 - .1
N Y & N J Tel gen g 5s c y . ’20 M -N
N Y & OntLand I s tg 6 s .l9 1 0 F - A
N oW estn Teleg. SeeWest.Un.
P eo Gas & C 1st g u g 6s. 1904 M -N
2d gtd g 6s.....................1904 J - D
109%
1st consol g 6s.............. 1948 A - 0
R efunding g 5s............. 1947 M&S
R egistered........ .........1947 M&S
Ch G -L& C ke 1st g u g 5s’ 87 J - J 104 Sale

A

B

D
I

t
H

OUTSIDE S E C U R IT IES
'M iw -c lb i s r o s i
Bid. Ask
Central America Transit
%
Central Fireworks—Com
2
P referred . . . . . . . . . . . . . .
Chateaugay Ore& Ir 6s ’ 15
40
Ches & O Grain El—Inc.
1Ó
17
4s....................................
60
05
Chesebrqugh M fg C o .. . .
355 375
Ciatiin (H B )—1st p ref..
85
95
2d preferred.................
90
95
Common—See N Y Stock
E xc
Clark Mile End Thread..
80
Collins C o.........................
Comstock Tun—1st in c..
Consolidated Car Heating
Consol Fireworks—Com.
P referred .............
27%
Con Kan C Smelt & Refln
93
Consolid Rolling—Stock..
Cramps’ Ship & Eng Bldg.
Diamond Match Co. . . . . . . 129
D ixon C ru cib le...............
Ensley Land................. .
20c,
Eppens Smith & W ie m ...
75
Eastman Kodak Co..........
100
Erie & Western Trans....
43
Fidelity & Casualty..........
Fidelity & Deposit (Balt).
Galveston W harf—1st 5s.
Genesee Fruit...................
German Amer Real E s t ..
15
80
Glucose Sugar Refin-Com
39
39%
P referred ........................
91% 93
Goodyear Shoe Machm’y.
Gorham M fg Co—Com ....
’ 90? *
P referred .............
110 114
Great Falls Ice................... 112 180
H artford Carpet Co.........
Hecker-J on es-J.M ill-P r ef
"4 5 "
1st 6s 1922.......... .M&S
85
95
Herring-Hall-Marv—Com
4%
Preferred... j
....
5 * 10
H oboken Land & Im p’t,
100
5s ..........................
105%
International Elevating. I
International Navigation
52%
International Pulp.,
Iron Steamboat.......]
2%
6s 1 9 0 1 . j & j
55
John B Stetson—C om ....
50
P referred ... j . . . . . . . . . . . 10Ó 110
Journeaiy & Burnham___
16
22
P r e f e r r e d ...., ,..
62
72
Knickerbocker I c e . . . . . . . .
90
Bands' 5 s .... J .,.v .....,. .
95 110
Lawyers’ Surety. . . . . . . . . . 100 i i o
Lawyers’ Title I n s ... ... .. 150
Lithe Carbon R u b b er....
Lorillarq (P ierfe)—P re f.. 112 118
Madison Sq Gafd—Stock .
5
2d 6s 1919.. J....... M&N ” 2 5 '
40
Mechanical Rubber—Com S S
15
P re fe r re d ,.. ¿.S o tU'aV.;
80
MergantjbHler, t'inot-^Bra Busto® list




106%

106%

65

65

___
102% 109
„ .
64
77

90% Jan.’ 98

112
94

90% 91
112 114%
94 100%

112

94

109% F e b ’ 97
98

M ar’ 98

104
81

Jan.’ 98
F eb.’98

109% 109%
95

100%

100 104
80% 84

105% Feb.’ 98
104 F eb.’98

104
104

95 M a r’ 98
109
109
14% 114%
113% J ’ne’ 97

95 103
109 112%
114% 117

98% M ar’98
102 Feb.’98

98% 98%
102 102

100
100%
95% Jan.’ 9

100

111

105%
104

101%

A ug’97

N. Y . S T O C K E X C H A N G E
W e e k E n d in g A p r . 1.

5.

Price
F riday,
A p r il 1.

BONDS.

Low High

34 N ov’ 9
37
41%
6% Jan.’ 98

C5 p a g e s) P a g e

Sias

Bid.

Week’s
R ange or © ,®
Last Saie. cq<.

A sk. Low. High No

Peo Gas & C (Cant.) —
Con G Co o f Ch 1stgu g 5s’ 86 J -: D *102% ..
Eq G & F Ch 1st g u g 6 s .’05 J - J
Peoria W at Co g 6 s .. 1889-19 M- N
PI Valley Coal l s t g 6 s ..1920 M -N
Procter & Gamb 1st g 6s. . ’40 J - J
St L Ter Cupples Station &
PropCo l s t g 4 % s 5 -20yr’ 17 J - D
S Yuba W at Co con g 6 s ..’ 23 J - J
Sp Val W at W orks 1st 6 s .’06 M - S
Stan Rope & T 1st g 6s.. 1946 F - A
56 Sale
Incom e g 5s................... 1946
10
Sun Ck Coal 1st g s f 6s..l912 J - D
T C I & R T Div lstg ö s .1 9 1 7 A - O
80
Birm Div 1st c o n 6 s ... 1917 J - J
81
83
Cah C M Co 1st gu g 6s..’ 22 J - D
De Bar C & I C ogu g 6 s .’ 10 F - A
U S Leath Co s f deb g 6 s .’ 18 M -N *110
Vt Marble 1st s f 5s....... 1910 J - D
W est Union deb 7s. .1875-00 M -N 105
Registered............1875-1900 M -N ♦105
Debenture 7 s.. . 1884-1900 M - N *105
Registered........ 1884-1900 M -N *105
Col trust cur 5s.............1938 J - J *
109
Mut Un Tel s f ’d 6 s ...1911 M -N * i 'l i '
Northwestern Tel 7 s ... . ’ 04 J - J
W estn Gas Co col tr g 5s...’ 83 M - N
W h L E & P C Co 1st g 5s.’ 19 J - J
Whitebrst F gen s f 6 s .. 1908 J - D

]0 2% 102%
107 Dec 97

101

Feb ’ 97

54
11

57
Mar ’98

84%
80%
83
115

R a n ge
from
Jan. 1.
Low H igh
102

106

61$
16$

84%
82%

86
87

Jan.’98
115

83
83
114% 116

105% Feb.’ 98
105 M ar’ 98

105% 105%
105 105%

109

111

109
M a r’98

111 111

109

111

101

M a r’98

101

101

U. S. GOV. SECURITIES.
U S 2s registered... .Optional Q-M
98
U S 4s registered..............1907 Q-J 109%
U S 4s co u p o n ...................1907 Q-J 111
U S 4s registered..............1925 Q-F 121%
U S 4s co u p o n ...................1925 Q-F 121%
U S 5s registered.............. 1904 Q-F 111%
L S 5s cou p on ................... 1904 Q -F 111
U S 6s cu rren cy................1899 J - J 103
U S 4s registered certs
o f indebt (Cherokee) 1898 Mch 100%
Do
do
1899 Mch 100%

.....
Sale
Sale
Sale
Sale
112%
Sale
.......

98% M ar’ 98
108% 109% 10
M0
112%
6
18% 121% 31
18% 128
308
111% 111% 15
110% 112% 25
103 M ar’ 98

98% 98$
108%113$
110 114$
118% 129$
118% 129$
11% 111$
10% 115
03 104

,

STATE SECURITIES.
70

A p r ’ 97

107
80

May’ 97
May’97

100%
102

101%
J ’l y ’ 9'

85

J ’ne’97

06

M a r’98

11

102

N ov’97
102

119% Feb.’98
103

(G iv e n

Alabama—Class A 4 to 5.1906 J - J
Small.................................................
Class B 5s.................... .‘io b e j " "
Class C 4s.......................1906 J
Currency funding 4 s...1920 J
9 100% 105% D is to f Columbia.—3 -05s. 1924 F
Small....................................... f
R egistered......................... *’ f
Funding 5s................... 1899 J
Sm all................................... j
R egistered....................
j
Louisiana—New con 4s..l914'J
Small............... ....................... '
105 106% Missouri—Funding. ..1894-95
North Car—Consol 4 s ... 1910
S m a ll............. ...........
0 s-....... - .......................... 1919
So Carolina—4%s 20-40.1933
Tenn—New settlem’t 8s. 1913
102 109
Small........................... .........
116% 120
Virginia fund debt 2-3s.l991
R egistered........................... .
6s deferred bonds................
15 102 106%
Trust receipts sta m p ed....
at

foot

of

ll>l is c H la n e o ii,
Ask.
Meriden Britannia C o ....
60
Michigan-Pen Car—Com.
12
Preferred—See N Y Stoc k E xc h.
1st Os 1942.......„.M & S
85
95
Minneapolis Brew 1st 7s.
Mosler Safe C o ............... ,
95 105
Monongahela W ater.......
34% 35%
Nat Biscuit...... .
23% 25
P r e fe r r e d .............. .
79
81
National Casket C o .. . . . . .
60
80
National Saw—Preferred.
25
National Surety...............
203
Nat W all Paper—Deb Stk
54
N Y Loan & Im p...............
N Y B iscuit..............
6s 1 9 1 1 ............ ...M & S 105
New Jersi'y Zinc & I r o n .. 100
N Y A ir Brake—See N Y S tock E xch.
Nicholson File Co..........
Nicaragua Construction.
Peck, Stow & W ilc o x .., .
Pegamoid (£1 shares).. .
Pennsylvania Coal—See N Y St’k Exch
Pennsylvania Salt M fg ... 105
Penn. Steel 5s 1917.M&N
100
Penn. W ater—Common...
10
12
Phil & W il Steam boat.... 130 142%
Pneumatic Gun Carriage. •80
•40
Pratt & W hitney—C om ..
5
11
Preferred .................... ..
45
55
Procter & Gam ble....... .
210 215
P referred .................
162
R. I. Perkins Horse Shoe.
6
P re fe rre d ......................
40
Russell & Erwin...............
Safety Car H eat & Light.
90
Schwarzchild & Sulzberg.
Semet-Solvay deb 5s.......
Simmons Hardw’re—Com 100 103
P referred............ .
115 120
Singer M fg C o...............
8201 300
Standard O il................ .
371% 373
Standard Underg’d Cable.
106
SlossI&Slst&s 1917.F&A
90
Southern Cotton Oil.
30
15
Stat Isl R T 1st 6s’ 18A&C) 107
2d 5s 1926.............J&J
60
Stillw-Bierce & Smith-V.
70
Swift & C o....
.......
92%
1st 6 s .................... .
103
Susq Coal 0s 1911___J&J 115
Texas & Pacific Coal.......
50
45
1st 6s 1 9 0 8 .......... A&O 100
10”
Term W arehouse—Stock.
1st 6s.
7ä%
Debenture 6s.
72%
Title Guar & Trust.. . . ; . .
295
Trenton Potteries—Com.
11
Preferred . . . . . . . . . . . . . . .
45
Trow Directory—Pref.V. i
42 ,
Union Switch & S ig n a l,.;
32%
•j p r e f e d r e d J . ¡ V ? .
60
Mpion Typewriter—-C6m;

8 c o n s e c u t iv e

pages

HI iN c H la n r o n s .
Bid
Union Typew’r.—1st pref.
89
2d preferred...................
78
U S Glass—Comm on........
26
P referred......................
70
U S Projectile Co..............
W agner Palace Car........
159

1 0 8 % ......... 108% M ar’ 98
1 0 8 % ......... 108 Feb.’ 98
04% J ’ly >97
100 Feb.’98
15

101 M a r’98
100% M a r’ 98
ib i

B an k s.

Bid.

Home*.......

Ask,

325
235

100
175

300

150
185
160

Hudson Riv* 140 '
Imp & T rad .
Irv in g . . . . . . .
Leather Mfr.
Liberty .. . . . .
L incoln,,.. . . .
Manhattan*. 225 235
Market & Ful 225 285
Mechanftcs’ .y ¡8 0 190

Jan.’ 98

122% ...... 128*' Feb.'’98
102% ......
82%

86

* 6 7 '' ” 69%

).—

3

....

Banka.

89
88
68

Mar ’98
Feb.’ 98
70

i ö r ib < r
15” i ï ô ”

101
98

103
100%

ib i” ib i”
128
89
88
68

4% Feb.’ 98

128
90
88
71%

4%

MISCELLANEOUS.

Ask.
»*%
84
28
90
100 ,
161

M is c e lla n c n iiK .
Bid. Ask.
W estinghouse A ir Brake. 215 225
W illim antic Lm en C o ....
18
20
W ool Exchange o f N Y , 110
W orthington Pump—Com
15
20 *
87
90

BANKS AND TRUST

N. Y. CITY
A m erica*...
Am E x c h ...,
Astor . . . . . . . .
Astor Place* 225
B owery*....... 800
B roadw ay.... 225
Butch’s&Dr..
C entral........ 165'
C hase........... 400
Chatham . . . . 290
Chemical......
Citizens’ . . . . . 125
C it y .............. 900
Clinton*........
C olonial*. . . . 125
Columbia*... 150
C om m erce...
C ontinental. 120
Corn E xch *.. 275
East R iv e r.. 125
11th Ward*.
F i f t h ............ 2900
F ifth A ve*.. 2900
First..............
First (St Isl) 125
F o u r th ......... 175
14th Street*.
Frahklin......
G allatin.......
Gansevoort*.
Garfield........ 850
German Am* 110
German Ex*. 250
Germania*,'..
Greenwich*.. 165
H am ilton*... 120
H anover.. . . . 890
H ide & L ’ath 90

115

0 8% 1 0 8 %
108 108

Bid.

COMPANIES.
Ask,

Mech & Tra*
Mercantile ..
Merchants’ . .
Mercfa Exch. 116
Metropolis*.. 400
Mt M orris*..
M u tu al*...,..
N assau *...... 150
New Amst.*.. 245
New Y ork__ 230
New York Co.
N Y Nat Ex..
N inth.......
19th W ard*..
North A m en
Oriental*. . . .
Pacific*....... . 175
P a rk ...,....... . 300
Peoples’* ....
P h e n ix .........
Plaza*...........
Prod E x ch * .
Republic . . . .
R iverside*...
Seaboard. . . .
Second .
Seventh
108
Shoe & L e’th 94
S ixth'...........
Standard. . . .

B an ks.

110% Ger A m er*..
146
H am ilton*...
140
Kings C o*....
M anufact’rs.
Mechanics*..
Mech & Tra*.
Nassau .........
Nat C ity .,..,
North Side*..
P eople’s* ...;
Scherm’rh’n*
80
17th W ard*.
100 Sprague . ; . . .
26th Ward*..
Union*..........
W allabout*..
190
810
T r u s t fin s .
N. Y. CITY.
Atlantic T r ..
Central T r’st.
Colonial.
Continental .
Consolidat’d.
Farm Ln &Tr
Fifth A ve Tr
120
Guaranty Tr
101
Kniek’rb’ck’r
M anhattan..
Mercantile .
State*...... ..
Metropolitan
State o f NY*
116
N Y L I & Tr
Tradesmen’s
110
N Y SeC & T
12th Ward*..
Produce Ex
28d W ard *...
Real Est T r’t
Union............
State Trust
Union Sq*....
Union Trust.
W e s te r n ...., 145 150
U S Mtg & Tr.
W est Side*.. 275
Unit. States..
Y orkville*.,.
W ashington.
B R ’KLYN.
BR’KLYN.
Brooklyn Tr.
B edford*,... 215
Franklin.......
Brpadwhy*.. 190 200 H a m ilton ....
Brooklyn* , .v 140 150
Kings C o ...,.
8th Ward*...
15, L Isl L & Tr.
5th A ve*.... i b i ' 1Ö7
Mauufaot’rs.
F irst...,.;,';, 3 9 0 ’ 4 )0
NjasSail
f%jtwh*A8.Vti Tift) 2 >0

IF Banks marked with an asterisk ^*) are Stairs f ajOjA

Bid.
90
105

100

250
240
245
280
335
176
190
140
103
135

255
340
185
195
150
110
215
145
100
105

THE CHRONICLE

658

H i»* T O * , e î l i l i 4 ü 8 1 i P f t l à

ANO

VOL L X V I .

B A L T IM O R E S T Ö C ft E X C H A N G E S .

g r sh a r e P rices — n ot Per O en tm a P rices.
A ctive S to ck s .
K indicates unlisted.

Saturday,
Mar. 26.

Monday,
Mar. 28.

Tuesday,
Mar. 29

Wednesday
Mar. 30.

Thursday,
Mar. 31.

Friday,
Apr. 1.

11% 11% 1 1% 11% 11% 11% 11% 11%
111«
11
Atch. T. & 8. Fe. (Boston). ICS *1 0 % 11
16
*16% 17%
17
17% 16
Baltimore & Ohio (Bait.) .100 '15 % ____ *15
72
*70
72
73% 72
*7l”
7 3 " *71
Balt. City Pass’ger “
25
22% 23
23%
23%
22% 22% 22% 23% 23% 23% 23% 23%
Baltimore Cot sol. “
2f
23
*22%
23
21
BaltimoreConsol.t! (Phil.). 25
218 218
2 1 7 % 2**8 ” 2 Ï8 ” 218** *217
218 218
Boston & Albany (-Boston), 100 '216 218
*218 218
218
218
218
218
2
:
7
217
215
2v0
Boston A Lowell
“
100
63
163
163 163 *163
162 163
163 163
Boston A Maine.
“
100 160 160
*8
9
Central of Mass..
“
100 ........ ..... .
57 !
*54
P referred ......
“
IOC
90%
93%
95%
94%
99%
95%
91
9?%
Ohic.Bur.& Quin.
“
IOC 85% "88% 89% 94%
% 92
90%
87
85 78 88% x86% 91% 88% 89"1» 89% 92% 90
Oblo.Mil.* 8t.. P. (Phil .).IOC
40 1
9% 1 ■% 10% Lo% 10
9% 9%
lO
9% 1 0
9%
Choc.Okla &Gulf
"
50
30%
31
30
31
39
31%
29%
29%
30%
30%
28
28
Preferred_____
“
50
99
99
99
99%
*99
99%
98% 99
98
99
93
Fltohb urg pref.. ( Boston) ,10C
22% 22% *21% 22
9 1 % 2 2%
22% 21% 22
Lehign Valley (P h ila .). 50 Sl% 21% 22
___,T *135 137
140% 143
13978 1¿97S
Metropol’n Str’tjf
“
10(
g
5
5
*5
6
*5
'*5%
..V
...
5
5
*5
........
Mexican Cent’l (B oston). 100
35
35
--T
T
T
T
New England__ _
“ ' IOC
___ *85
89
Ö
t
"
*89”
*89”
"
f
Ó”
|
"89%
’
Ï9%
"8
7
”
"87”
Preferred . . . . . .
“
100
80
*79
80
' ........ 80 i 80
89
Northern Central ( B a l .). 50 80
22% 24% 23% 24% 22% 33%
21% 23% 22% 23
21
Northern Pacido (P h ila .) 100 20
62
«2%
6
1
%
8t%
63%
63
Preferred
"
10(' 57% 5 ,J% 59% 64% 61% 62% l s 8
189% 189% 189 189
188
186% 186% '187 189%
Old Colony. ...(B o s t o n ). 10C 187
57% 57% 57% »*6% 57%
Pennsylvania. . . ( P hila.) . 50 55% 56% 56 % 5 7% 56% 57% 5878
79% 79%
80V)
80
81
80
79%
79%
78
80
77%
7S
Philadelph. Trac.
“
50
8%
8%
8% 8D ,«
8%
8%
8 % « 8it>ie
8 % 8 »i
8
81 is
Reading P o ......
“
50
19%
19
20%
20%
21%
SO
18%
19%
1
7
%
2
0
15%
16%
Union Pacific.. «-Boston). 10C
15% 15% 14% 15%
15% 15% i5%
14% 15% 15
3% 14
Union Traction.. (P h ila .). 5C
S I lR c e lla n e o n i S t o c k * .
110% 120
114% 117%I 117% 122% 118% 121% 114%119
Am.Sug’r Uetin.il ( B o sto n )... 107% 112
107 109%
107 10!-)% 109 109
100% 109
103 103% 104 103
. Preferred........
“
247 249
243 2*0
249% 255 x'251 252
243% 250
Bell Telephone..
“
100 239 240
169% .17$%
172%
175
173
178
174%
170
161 17«
Boat. & Montana
“
25 158 163
22% 24%
2«% 23% 23% 24% 24% 26
21
25
21
Batte & Boston .\
“ ■
25 20
515
515
515
515
515
520
515 515
510 515
Calumet & Hecla
“
25 508 515
-■2
*68
65
69
69
.
73
Canton Co .......... (B a lt.). 100
59t,
59%
587s
6
)
'
58%
59%
57% 58% 57%
%
Consolidated Gas
“
100 55% 56
19% 17% 187e
13S«
17
V
,
18
*16%
1878
16%
18
*15%
16%
Dominion Coal.(B oston). 100
2)
21
20%
21
19%
20%
20% 21% 20% 2 i%
Eleo.Stor. Bat’ yil (Phila.). 100
*21% 23
23% 23%
Preferred If
“
100
64
64h
64
64%
64
63
6Ö
61% 62% 63
69
fine Telephone.(B oston). 100 60
32
3 3 % 32
*33
34
32% 32% 34
General Electric.
“
100 30% 31% 33% 34
88
84
- 88
83
90
90
Preferred____
100 1 .. ■ 90
49
50
49
49
50
50
50
59
50
*45
’ Uinois S teel. . . .
“
100 *44% 47
20 * 21% 21% 20% 2 %
20
20
Lamson StoreSer
“
50 *19% 20% 20
40
40 H 40
40
40
........ 40
40
Leht’hGoalANav. (P h ila .) 50 40
125% 125%
I 25” 125
N E. Telephone.(B oston). 100 '120 .... *121 125 '121 125
F*.Keat,L.APowfPAiia.)...-.
101 104% 102% 103% 104*‘ 107* xïÔ‘à‘ %106’ *
Unit’d Gas Imp. if
“
50 98% 109
43
44%
42
43
42% 42%! 41% 42
42
Welsbaoh Ligfitíl
*f
5 42
I
1%
*1
1%
*1%
1%
*1
1%
1%
West End Lan d.. f Boston ) . __ *1% «
* Bid and asked prices; no sale was n |arte.
B on ds.
...... ■
70 I Pa. A N. Y. Can.,con. 5s. 1939, AAO
Boston
United
Gas, 2dm . 5s..)939i§ 68
Prices o f A p r il 1.
¡119
People’s Trao. trust certs. 4S..X943
Burl. A Mo. River Exe npt 6s, J&J ? H 8
Atlanta & Charlone (Balt.).100 ICO
1
307
PerMomen, 1st ser., 5s. 1918, Q—v
Non-exempt
6s
.......1
9
1
8
,
JAJ
276
274
Boston A Providence (Boston). 100
98
Phila.
A Erie gen. M. 5g.,1929, AAt
Plain 4s.......... ............. 1910, JAJ
Boston E levated.....
100 57
104%1 Gen, mort., 4 g .. . . . . . 1920, A&<
....... Chic. Burl. A Nor. 1st 5,1926, A AO
Cacawissa.... ______ (Phila.). 51
1101
j
Phila
A
Read. 3d, 5 s ... 1933, AA<
2d mort-. 6 s . .. . . . .....1 9 1 8 , JAI>
ist preferred ________
“
50
99 ; Consol, mort., 7s.. . . . . 1911, JAJ
Chic. Bnrl.A Quincy 4a ,1922. F&A
23
21
CeniralOhio------. . . . . (Balt.) 50
100 f Consol, mort 6 n ....... 1911, JA
12
Iowa Division 4s.....1 9 1 9 , A AO
10
Obloaco & West Mich-'Boston). 10«
62 I Ext. imp. M. 4s, g., 1947..AAO
24
25% Chio.&W.Miob. gen. 5s, 1921, JAD
Citlz’ns 8t. R y.oflnd.il ( Phila.) 10«
60 I Con. M.of 1882, 4 s .... 1937, JAJ
Consol, of Vermont, 5s.1913, JAJ
Connectieut<s Pass../ Bostonj. 100 153 154
80
Terminal 5s, g ...4.1941, Q.—*
Current River, 1st, 5s..1927, A AC
Connecticut R iv e r....
“
100 260 265
78 | Phil. Wilm. A Balt., 4s. 1917, AAs
Det.Gr.Rap.A W .,lst 4s,1946.AAO
46
45
Consol. Tract.of N.J.il (Phila.) A 0 (
119%
Pitts.
C. A St. L., 7s___1900, F& j*
Eastern 1st mort 6 g. 1908,MAS
11
9
Flint A Pere Marq. . . ( Boston). 100
Reading Co. gen. 4 s .....1997, JAJ
Free,Elk. AM.V.,1st,Cs.1933, end.
36
Preferred__________
“ IOC 32
Rochester
Railway, cor. 5s ..1930
Unstamped, 1st, 6s, 1 9 3 3 ...,—
27
26
Georgia 8ou. & F la .. (B alt.) .100
Sohuyl.R.E.Side,lst 5 g.1935. JA!
&.C. C. A Spring.,1st,5g.,1925,A&0
1st p re ferred .......
“
100 77% 85
Union
Terminal
1st 5s___‘
K 0. F.8. A M. con. 6s, 1928, MAN
52
2d preferred..... ..
“
100 50
K.
C. Mem. A Bir.,lst.2e,1927, MAS
B on d s«-- 8 al t i m c re.
Hestonvllle Passeng. (P h ila .). 50 42
Atlanta
A
Chari.,
1st 7s, i9 o 1. J *v
SU.C. St. Jo. & C. B ., 7s..1907, JAJ
Preferred i f . . . . . . . . .
“
50 64
Baltimore Belt, 1st, 58.1990, MAt
15
L. Rock A Ft 8., 1st, 7 s..1905, JAJ
Hunt. A Broad T op...
“
50
Balt.
C.
Pass.
1st
5 s.. 1911, MAi
Lf)ais.,Ev.ASt.L.,lsi.,6g.l926,AAO
42
Preferred....................
“
50
Balt. Traction, 1st 5 s..1929, MAh
2m., 5—6 g ................1936, A AO
5
15
Kan. C’y Ft.8. A Mem.(ütosion) .100
Exten.
A
inapt.
6s....1901, MAt
Mar. H. A Out.» 6s.......1925, A AO
50
Preferred_________
“ 100 35
No.-Bait. Div., 5s____1942, JAU
Mexican Central, 4 g . . . 1911, JAJ
Little Schuvlkül........ (Phila.). 50
Baltimore A Ohio 4 g., 1935, A AC
1st consol.incomes, 2 g, non-cnm
Maine C e n tra l.......( Boston) 100 127 129
Pitts. A Conn., 5 g__ 1925, FA¿
2d consol, incomes. 3a, non-cnm
56%
Mine Hill A 8.Haven.(P h ü a J . 50
Staten Island, 2d, ft g.1926, J&j
N. Y. A N.Eng,, 1st, 7o,1905, JAJf
Neaquehoning V a l...
“
50 55
Receivers’ certificates, 6s..JAD
___
I
lat
mort.
6s
.
.
.
.
.
.
.
_
_
1905,
JAJ
94
North Pennsylvania.
"
50
Do. Maryland Construe., 5s
Ogden. AL.C., Con, 6s . . .1920, A AO
30
Or.Sh. Line all asst.pdf-Boston). 100 28
Do. Pittsb. A Connells., 5s..JAJ
! Inc. 6s........ .................— ..1920
Pennsylvania AN. W. (P h ila . 1. 50
Do. Main Line 5s............. . . . .
Phila*! el. A E r ie ......
*
50 17 "Ys" So tland, 1st,8e........1 9 0 2 ,MAN §106
Bal.
AObio S.W.,lst(4%g.l990, JAJ
§
96
79
79% | 2d, 5s..........................1898,FAA
West End__ . . . . . . . . .(B oston ). 50
OapeF.AYad.,8er.A.,«g.l918, JAD
Bpnjds.~Phj(adeliihia,.i,J
Preferred...........
“
50 102 102% |
Cent.
Ohio, 4% g ----------1930, MAS
108%
Atlantic City 1st 5s, g., 1919,MAN
United Cos. of N. J .. ( P hila.) . 100 247 250
Cent. Pasa. ext. A imp. 5?. 1932, MA S
¡Buffalo Ry. con. 1st, 5s..........1931
West Jersey A Sea 8h.
“
50 50%
I
City
A
Sub., 1st 5 « ... . . . 1922, JAD
Catawlssa, M .,7s___..1900, FAA
2%
3
Western N.Y. A Penn
“
100
Chari. Col.AAog.ext.5s.1910, JAJ
1
1% Choc. Okla. A Gulf, prior lien 6s..
Wisconsin Central...(B o sto n ). 100
Col.
A
Greenv.,
1st 5-6s. 1917, JAJ
88% 89%
General 5s........ .......... 1919, J AJ
2
3
P r e fe r r e d ..........
“
100
Georgia A Ala.,Istpf. 5s.1945, AAO
80
Woro’st. Nash. ARoch.
“
100 120 122 .Citizens’ St.Ry.of lnd.,con.5s.l933 78
Ga.Car.
A
Nor.
1st
5 g.„1929, J&J
¡Columb. 8t. R y „ 1st, con. 5s.. 1932
M ISCEIAAliEOU S.
Georgia Pao., 1st 5-6S...1922, JAJ
Columb. O. Crosstown, 1st,5s. 1933
1% 2
Allou ez Min’ g, asst pdf Boston). 25
Gear,
So.
A
Fla..
1st
5s.. 1945, JAJ
Consol. Tract. Of N. J., Ist,5s.l933 101% 102
4
Amer. Ry. El. Light.. (P h ila .) .......
Metrop. Sf. (Wash.) 1st 5s ’ 25,FAA
Del. A B’d Br’k, 1st, 7 s.1905, FAA
29
Atlantic M in in g ...... (B oston). 25 28
North. Cent. tía .»,,...,... 1900, JA.
1% 1% |Easton & Am. lstM .,5s.l920,M AN 103
Bay State Gaa i!---- „
“
50
8s.............. ...................1904, JAJ
Eleo. A People’s Trao. stock.tr ctfs 79% SO
4% 5
Boston L a n d .........
"
10
Senes A, 5 s . .. . . . . ....19 2 6 , JAJ
Elmir. A Wilm., 1st, 8s. 1910, J AJ “
Centennial M ining...
“
25 12% 13
4%s . . . . . . . . . . . . . . . . . . . 1925, A&C
Efestonvllle
M.
A
F
,,
con,
5s..1924
1
%
Fort Wayne Elect.iT..
*'
25
105% Pitts. A Connells, lat.7s.1898, JAJ
Hunt. A Br’d Top,Con.5s.’95,A AO
11
12
Franklin Mining.—
“
25
■
Pitts.
United Trao., 5s... 1997. JAJ
K. C. Sub. Belt 1st 6s...1920, JAD
Freuchm’n’sBay L’ d.
“
5I ' %
Kan.C. Pitts. A G .lst 5s. 1923, AAO 76 ..... 2d Ave. Trae. (Pitts.) 5s, 1334,JAD
Kearsarge Mining....
“
2ft
Virginia
Mid., 1st 6 s ...1906, MAh
H
S
i%
.......
6%
6 ^ Lehigh Nav. 4% s.. . . . . . 1914, Q—J
Mareden C o ............. (P h i l a .) .....
2d Series, 6 s ....... ....... 1911 MAf
RR. 4s, g., 1914....................Q—F
Meigenthaler Linot..(B oston ). 100 1 14 L 142
3d
Series,
6s..........1 9 1 6 , MAf
104
General mort. 4%s, g.1924,%—F
39
Osceola Mining........
**
25 33
4th Series, 3-4-58......1921, M&6
Lehigh VaLCot 1l 3t 5s,g. 1933, J A J 92
Pullman Palace Car.
“
100 170 171
5th
Serias,
5a.........1 9 2 6 , MAf
102%
i'03'
Lehigh Valley, 1st 6a. ..1898, JAD
Pennsylvania Steel.. (Phila .).300
West Va. C. A P. 1st, 6 g.1911, JAJ
! 12
2d 7s.................... .....1 9 1 0 , MAS 127 .....
Preferred if........ .
*'
100
¡Wilm.
Col.
A
Aug., 6 s ..18x0, J&l
Consol. 6 . . . ...........1 9 2 3 , JAD 115 .....
Quincy Mining.-- ....t B o s t o n ). 25 Í07*‘ ¡108
SÍISÓBLLAHKOVS.
Newark Passenger, oon. 5 s...1930 109%,........
tamarack M ining....
“
25 143 ¡145
Baltimore
Funding
5e.l916, MAN
1 North Penn. 1st, 4 s .... 1936, MAN
w at er Power.................
“
100
Exchange 3 % s........1 9 3 0 , JAJ
Gen. M. 7s..... ......... ...1 9 0 3 , JAJ iY f
Wsstingh. Elec. A M..
50 20% 22
Virginia (Stace)3a,new .l932, JA.
Pennsylvania gen .6a, r..l910, Var 127
52
50
Pref., cumulative.“
Funded debt, 2-3s...... 1991, JAJ
Consol. 6s, r ............1 9 0 5 , Var ........ Í132
o n d » -Bosten,— „
ChesapeaKeGas,6s..M.1900, JAI
123
.......
Consol.5s,r.
..........1
9
1
9
,
Var
87%
587
__ on. A 8. F. general g. 4s, 199ft
Consol.
Gas, 8s.—.«».«,—1910, JAI
Opliat.’Pr
4%
-r.
.
.
.
.
.
.
7
<*13,
JAD
§58% 58%
Adjustment g. 4s, 1995
*
Pa. A N. Y. Panal, 7«... 1906. .TAD ..........I
90
IKS
B
“ if' ‘
'

Inactive Stocks, _

Bid. j

f

' P r ic e in clu d e » u v eru u e c o u p o n
s,
ns,




V [Julia.
U u iia .e i. § A n d a o o ru e d in t e r e s t .
V

131%
101

118

107
80
“
119
84
U5
115
102
U4%
ICO
......

108%
85
115%
116
103
115%
........

1Ö2
100
95

100%
100
73

.......
112 114
113% 114%
107 104
115 117
103 103%
88
87
116 120
100% 101
117
106 107
112
116 .ummmnt
104
101% 102
99% 100
109 111
110
113
112
95
104 105
108 108%
116 118.
i.21% 122%
75 1 78
67% 68
105 ........
116 117
106% 107%

THE CHRONICLE.

A pril 2, 1898.]

fm ije s im m i

R oads.

659
Latest Gross E arnings.

W eekorM o

1898.

AND
$

a itr o a d I t i M li g m c « .
RAILROAD

EARNINGS.

The following table shows the gross earnings o f every
STEAM railroad from which regular weekly or monthly returns
oan.be obtained. The first two columns o f figures "give the
gross earnings for the latest week or month, and the last two
columns the earnings for the period from January 1 to and
Including such latest week or month.
The returns o f the street railways are brought together sep
(HTtueiy on a subsequent page.
Latest Gross Earnings.

H oads.

W eekorM o]

1

1898.
$
21,482
£0,619
70,194

1?>97.

Jan. 1 to Latest Dale.

1898.

1897.

$

Adiron <1a ck ...... 'J anuary...
21,482
14,967
44,967
Ala. Gt. South.. ¡3d wkMch,
28,239
401,836
345,549
Ala. Midland.. J anuary...
70,194
71,680
71,680
Ala. N. O. Tex. & 'Pao. Juno.
N. Orl. & N. E.|IstwkMch.
25.000
273,200
24,000
247,729
Ala. & Vi oksb. IIstwkMch.
13.000
12,0' 0
146,588
115,761
Vicks Sb.& P. IstwkMch.
12.000
8,000
140,793
109,409
Allegheny Val.. ¡February. 185,499 169,322
398,259
346.719
Ann Arbor........ 3d wkMcli.
27,61'
357,251
23,789
256.913
Ark. Midland... January...
10,330
10,330
7,938
7,938
Atcli. T. &S. Fe.e February . 3,056,390 2,447,742 5,916,838 4,911,672
Atlanta & Cbar December
150,75
1,666,319 1,598,047
150,66
Atl. Knox.& No. February .
23,625
49,047
18,825
38,006
Atlanta & W. P. January...
55,f 3f
53,619
55,539
53,619
Atlan. & D auv.. 3d wkMch.
14,505
12,136
124,677
113,884
Austin & N’^vest J anuary...
12,079
17,254
12,079
17,2.,4
Balt. & Ohio___¡February.. 1.851,445 1,777,368 3,921,876 3,728,212
Bal. & O. Sou’ w. j3d wk vicli
145,428 115,464 1,456,261 1,278,267
Bath & Ham’nds January...
1,832
1,83 ~
2,026
2,026
2.322
Bir. & Atlantic. February
4,302
1.733
3 ,292
Brunsw’ k&West January...
50,’ 07
50,892
50,107
50,892
B u ff.R o ch .& P itt 3 d w k M ch .
60.563
57,104
736,811
657,4 82
B u ffa lo & S u s q .. J a n u a r y ...
40,466
37,063
40,466
37,063
B u r.C . R a p .& N. 3 d w kM ch.
79,‘■53
69,918
857,540
828,963
C a n a d ia n P a cific 3 d w k M ch
463.00
325,00< 4,575,969 3,558,018
C ar. M id la n d .... F e b r u a r y .
5,596
6,019
10,010
12,0>8
C e n t.o f G e o r g ia 3d w kM ch.
100,652
89,066 1,341,162 1.287,286
C en tra l o f N. J .. F e b r u a r y . 885,290 848,939 1,940,990 1,704,155
C en tra l P a c ific J a n u a r y ... 1,051,818 858,913 1.051,818
858.913
C h a rlest’n & S av. J a n u a r y ...
68,794
68,794
64,986
64,986
C h a tta n ’ ga S o ., d w k M c h .
1,319
1,208
C hes. & O h io ___3 d w kM ch.
204,113 230,622 2,500',928 2,385'825
C hic. B ur. & Q .d F eb ru a ry . 3,139,716 2,769,462 6,184,173 5,442,090
C hic. & E a s t .I ll. |3d w k M ch .
89,534
958,299
87,641
902,816
C h ic. G t. W e s t’n :■d w kM ch.
110,545
96,366 1,107,811
989,202
C hic. I n d . & L .. 3 d w k M ch .
60,257
616,412
50,978
541,311
C h ic.M il. & S t.P . 3 d w k M ch . 666,493 508,538 6,725,033 5,677,532
C h ic .A N 'th w ’n . F e b r u a r y . 2,586,872 2,206,831 5,148,429 4,302,967
C h ic.P e o & S t.L . F eb ru a ry ..
72,021
69,300
150,080
133,161
C h ic.R ’ k I. & P.. F e b ru a ry . 1,356,820 1,070,837 2,595,278 2,091,644
C h io.S t.P .M .& O F e b r u a r y . 591,272
523,636 1,158,751 1,061,559
C h io.T er.T r. R R . 3 d w k M ch .
22,170
20,831
248,913
243,961
C h ic. & W. M ic h . 3 d w kM ch.
37.498
351,005
29,317
296,543
C h o c.O k .& G u lf. 3d w k M ch .
18,156
9.734
334,040
230,064
C in .G .& P o r ts ’ th F e b r u a r y .
3,903
3,709
8,285
7,893
C in .N . O. & T . P . F e b ru a ry . 321,161 261,514
653,996
524.797
C in .P o r ts .& V ir . 4 tliw k F eb.
5,817
2,260
38,692
32,871
C lev.C a n. & S o .. 3 d w k M ch .
12.563
12,626
137,054
125,091
C l.C in .C h .& S t.L 3 d w k M ch . 266,849 251,170 2,970,799 2,796,593
P e o . & E a s t’n Istw k M ch .
36,098
31,165
340,183
293,822
C l.L o r. & W h eel. 3 d w k M ch .
29,186
19,714
322,567
228.798
■Col. M id la n d — F e b r u a r y . 123,889 117,785
269,553
246,493
C o l.H . V . & T o l . F e b ru a ry . 163,939 157,744
375,545
335,841
C ol. S a n d ’ y & H . Istw k M ch ,
17,160
12,081
132,032
132,119
C olu sa & L a k e .. F eb ru a ry ..
1,700
1,400
3,400
2,650
C ry s ta l................. J a n u a r y ...
1,147
463
1,147
463
C u m o ’l ’ d V a lle y J a n u a r y ...
60,730
55,184
60,730
55,184
D e n v . & R io G r . 3 d w k M ch .
187,500 122,700 1,620,942 1,260,258
D e s M . & K a n C . 2 d w k M ch .
3,391
3,023
36,895
29,689
D es M. N . & W .. F e b ru a ry
38,700
34,001
80,492
62,368
D e t.G .R a p . & W . 3 d w kM ch.
24,372
22,860
269,038
235,880
D e t. < fcLim aN o. 3 d w k M ch .
10,046
104,467
D e t .& M a c k in a c J a n u a r y ...
38,335
27,464
38,335
27,464
D u lu th S .S .& A tl 3 d w k M ch .
31,090
26,756
315,000
26.1,746
E lg in J o l.& E a s t. F e b r u a r y .
128,758
95,297
246,087
172,268
E r ie ....................... F e b r u a r y . 2,247,191 2,175,542 4,610,893 4,398,162
E u re k a S prings. J a n u a r y ...
3,487
3,642
3,487
3,642
E v a n s . «felnd’p lis 3 d w kM ch.
4,954
4,581
60,097
50,134
E v a n s v . & T. H . 3 d w k M ch .
24,052
17,578
248,508
209,835
F it c h b u r g ........... F e b r u a r y .
520,726 482,906 1,074,228 1,601,302
F lin t & P. M a rq . 3d w k M ch .
62.498
61,134
637,473
584,844
F t. W’th & D en .C . 4th w k J an
30,862
19,101
114,640
83.334
F t. W. & R io G r. 3d w k M ch .
7,579
3,189
98,423
57,661
G a d s. & A tt . U . F e b ru a ry .
581
1,244
682
1,369
G e o r g ia R R .. . . . 3 d w k M ch .
31,728
29,587
409,548
390,918
G e o r g ia & A l a . . 3d w k M ch .
29,397
19,031
289,291
241,441
G a. C ar’la & N o . F e b r u a r y .
76,833
91,071
153,957
173,079
G eo. So. & F l a .. F e b r u a r y .
73,960
157,692
67,229
146,881
G r . R a p . & I n d .. 3 d w k M ch .
40,168
420,021
38,140
381.500
C in .R .& F t .W . 3 d w k M ch .
8,107
8,624
87,598
82.311
T r a v e r s e C ity. 3 d w k M ch .
743
8,174
689
8,416
M us. G. R. & I. 3 d w k M ch .
3,3521
28,780
2,244
22.311
T o l. a ll lin e s. 3d w k M ch .
52,370
49,697
544,573
494.538
G r .T r ’ n k S yst’ m 3 d w k M ch . 453,470 410,545 4,965,710 4,373,548
C hic. & G r. T r. 2d w k M ch .
95,259
752,260
59,387
583,325
D et.G r.H .& M . 2 d w k M ch .
17,554
17,646
173,174
180,833
G r e a t N o rth ’n —
St. P . M, & M .
E a s t o f M in n .
M o n ta n a C ent
T o t. s y s te m .
G ’l fB ’ m nt& K .C .
G u ¡f & C h ica g o .
H o o s .T u n & W il.
H o u s .& T e x .C e n
I llin o is C en tra lt
I n d .D e c .& W e s t
I n d . 111. <fc I o w a .
In .& G t.N o rth ’n
J Interne. (M ex .)
I o w a C e n t r a l...
I r o n R a ilw a y . .
J a c k . T. & K . W

F e b ru a ry . 1,023,877 796,459 2,111,661
F e b ru a ry .
90,218
77,178
195,165
F e b ru a ry . 160,210
148,090
333,893
F eb ru a ry . 1,274,305 1,021,727 2,640,719
F e b ru a ty
11,181
7,911
21,195
F ebru ary.
5,471
4,181
9,874
F ebru ary.
3,114
3,923
6,332
J a n u a r y ...
318,105 281,427
318,105
F e b r u a r y . 12177767 t 1764240 f4,454,487
D ecem b er.
45,350
48,928
477,308
J a n u a r y ...
76,375
70,532
76,375
3d w k M ch .
59,576
61,335
798,187
W k M a r.1 2
67,100
49,850
647,900
2d w kM ch.
31,747
29,291
350,650
F eb ru a ry .
4,150
3,312
7,648
F eb ru a ry .
31.489
27.989
61,751




1,584,882
172,050
296,211
2,053,143
16,054
7,652
6,802
281,427
3,662,502
468,024
70,532
746,796
520.500
307,961
7,007
54.974

1897.

Jan. 1 to Latest D ate.

1898.

1897.

$
Kanaw’a&Mich 3d wkMch.
8,830
9,054
96,382
111,379
K.C. F Scott&M. ■3d wkMch.
90,896
84,582 1,116,2241 1,012,419
K.C.Mem.&Bir. 3d wkMch.
25,911
18,914
370,8741
280,098
Kan. C. N. W .... ¡February .
34,405
31,895
61,501
68,980
Kan. City & Om. 3d wkMch.
4,645
5,952
63,301
65,432
K. C. Pitts. & G. 3d wkMch.
6:i,065
35,491
299,564
702,015
Kan.C.Sub.Belt. 3d wkMch.
8,686
73,331
6,408
98,573
Keokuk & West. 12d wkMch.
7,053
7,756
72,657
81,768
L. Erie & West. |3d wkMch.
60,096
57,909
698,550
737,283
Lehigh & Hud.. February .
31,052
55,049
61,459;
29,547
Lehigh Val. RR.i February . 1,421,806 1,301,671 2,765,544' 2,605,P92
Leh. V. Coal Co. February . 1,192,5721,214,255 2,614,107i 2,487,242
Lex’gton&East. January...
15,605
13,538
13,638
15,605
Long IslandRR.jFebruary. 198,734 179,041
436,225
374,711
Long Is. System. ¡February. 205,268 185.963
388,736
451,739
Los Ang. Term.. February.
6,127
5,628
10,367
14,447
Louis.E v.&St.L. 13d wkMch
30,908
28,115
281,591
326,598
Lou. H. & St. L .. 3d wkMch,
10,772
103,0011
8,858
90,708
Louisv.&Nashv. 3d wkMch, 410,995 377,080 4,816,573 4,322,198
Macon &Birm. February
5,857
6,277
11,944
11,751
Manistique....... February.
7,665
13,396
28,519
1*,305
Memphis&Chas. 3d wkMch,
23,083
17,072
275,646
356,454
tMexican Cent.. 3d wkMch, 246,326 245,627 2,870,435 2,822,583
Mexican Intt r’l. January... 270,801 266,315
266,315
270,801
{Mex. National 3d wkMch. 115,745 115,040 1,313,405 1,226,137
Mex. Northern . January...
37,229
53,408
53,408
37,229
{Mexican R’ wav WkMar.12
83,100
71,500
718,500
803,900
Mexican So....... 2d wkMch,
13,089
16,350
139,333
140,171
Minneap.ife St.L. 3d wkMch,
39,196
39,989
376,714
411,199
M.St.P.&S.St.M. 3d wkMch,
67,898
54,431
580,665
704,521
Mo. Kan. & Tex 3d wkMch
159,358 171,542 2,430,040 2,363,332
Mo.Pae.&IronM 3d wkMch. 447,000 377.001 5,4*0,114 4,691,087
Central Br’ch 3d wkMch.
25,000
19,001
224,415
277,354
Total.......... 3d wkMch. 472,00(
396.001 5,697,468 4,915,502
Mobile & Birm. 3d wkMch.
7,472
6,616
Mobile & Ohio.. February. 347.600 331,528
654,326
720,734
Mont.&Mex.G’f, January... 127,839 103,338
103,338
127,839
Nash.th.&St.L. February. 436,144 420,982
834,033
898,216
N evad aCentral December.
3,431
37,241
4,500
41,188
N .Y.C . «feH.R.. February. 3,429,304 3,301,460 6,934,739 6,441,403
N. Y. Ont.& W .. 3d wkMch.
65,540
695,£03
65/290
739,787
N. Y. Susq. & W February. 157,918 143,801
324,276
354.469
Norfolk & West. 3d wkMch. 238,950 220,154 2,473,429 2,265,444
Nortlies’n(Ga.). January...
6,556
5,430
5,430
6,556
North’n Central February. 509,779 548,631 1,016,314 1,074,517
North’n Pacific. 3d wkMch. 390,576 285,4n8 4,150,246 2,797,712
Ohio River........ 2d wkMch.
13,88
160,082
16,578
162,212
OhioRiv.&Chas. February.
18,666
32,312
16.963
34,213
Ohio Riv.&L.E. February.
2,300
4,445
2,085
4,300
Ohio Southern.. February.
55.9<:3
101,055
123,812
56,130
Om.Kan. C &E. 2d wkMch,
14,246
114,754
11,533
158,552
Oreg.RK.&Nav. 3d wkMch. 151,612
784,302
79,353 1,380,889
Oreg. 8h. Line.. J anuary... 447,370 3 9 / 909
397,909
447,370
Pao. Coast R y.. January... 373,o78 242.687
242,687
373.678
Pacific a: ail...... February
365.924 ¿63.181
719,888
688,975
Pennsylvania. §. February . 4.829, ¡=>34 4.486,234 9 ,9
18,705 9,241,905
PeonaDeo.&Ev. 3d wkM ch.
15,872
196,509
14,797
190,310
Petersburg........ Januaiy...
42,80
39,778
39,778
42,808
Phila. &Erie.... January... 253.128 254,857
254,857
253,128
Phila. & Read... February. 1,490,115 1.494 133 3,214,587 3,004,004
Coal & Ir. Co.. February. 1 444,423 1,510,. 95 3.388,824 3,204,261
Tot. both Co’s February. 2,934,538 3,004,328 6,603.411 6,208,265
Ph. Read. &N.E February 43 091
84,827
42,398
90,380
Phil. Wilm. & B January... 741,617 678,817
687,817
741,617
PittS.C.C.&St.L, February. 1 221,556 1,069,27* 2,536,151
2,108,423
Pitts.Lisb.&W’D February.
3.564
7,577
3,781
7,766
Pitts.Bes.&L.E February.
44 855
68,945
35,830
107,510
Pittsb. & Wes’n 3d wkMch.
30,552
280,076
26,569
291,636
Pitts. Cl. & Tol 3d wkMch.
19,032
139,336
13,939
177,358
Pitts. Pa. <feF. 3d wkMch.
5.533
39,325
4,259
45.153
Total system.. 3d wkMch.
466,314
55,117
44,767
519,799
PItt.Young.& A. February.
85,763
115,187
59,228
170.206
Rioh.Fr’ksb,«feP. January...
67,222
48,564
48,564
57,222
Rich. <&Peter sb January...
23,472
26,677
23,472
26,677
Rio Grande Jet January..
17,685
25,025
17.685
25,025
Rio Gr. South’n. 3d wkMch.
69,149
8,713
6,293
93,851
Rio Gr’de West. 3d wkMch
440,873
57.600
39,800
592,106
St.Jos.&Gr. I... 3d wkMch.
22,053
260,455
25,623
276,688
St.L. Ch.& St. P. January...
24.113
27.500
24,113
27,500
St.L.Ken’et<fe8o. February.
10,726
6,143
4,821
12.890
St.L. &San Fran. 3d wkMch. 126,365 106,083 1,467,320 1,216,480
St.L. Southwest 3d wkMch.
988.728
88.500
63,900 1,217,800
St. Paul <fe Dul.. February. 101,410
178,015
199,330
87,278
San Ant. & A .P . P ebruary. 134,619 131,420
283,343
295,278
SanFran. & N.P February.
87,898
52,331
110.470
42.858
S.Fe Pres. & Ph. 2dwk Mch.
120,308
15,104
13,468
145,558
Sav. Fla.&West. January... 309,906 307.671
307,671
309.906
Sher.Shrev.&So. 4thwkFeb.
50.534
6,877
8,070
55,733
SiLSprs.O. & G. January...
12,151
13,232
13,232
12,151
Silverton
December.
5.564
3.844
Sioux C. & Nor. February
28,612
17,614
16,327
36,268
So.Haven&East February
2,975
1.533
1,641
3,139
So. Pacific Co.
Gal.Har.A 8. A January..
377,531
426,678 377,531
426.678
Louis’ a. West. January..
83,274
109,099
83,274
109.099
Morgan’sL&T January..
436,563
564,569 436,563
564,569
N.Y. T. &Mex. J anuary..
23,797
27,919
23," 97
27,919
Tex. & N. Orl.. January..
126,095
130,685 126,095
130,685
Atl. Prop’tes.c January.. 1,287,943 1,069,759 1.287,943 1,069,759
Pacific system January.. 2,761.659 2,314,425 2,761.669 2,314,425
Total of aH.J February 4,336.419 3,417,763 8,704,125 7,083,373
So. Pao. of Cal. January..
729.536
836,741 729.536
836,741
So.Pac.ofAriz. January... 272,615 212,073
212,073
272 615
So.Pac.ofN.M. January...
103,298
121,270 103,298
121,270
Northern Ry.. January... 174,988 157,314
157,314
174,988
Southern R y .... 3d wkMch
388,597 371,287 4.636.450 4,281,817
439,759
Spok.F’ls&Nor. Deoember.
596,910
776
StonyCl. &C.Mt. January...
725
’ *"776
725
49,0t9
Texas Central.. 3d wkMch
4,509
68,096
3,448
Texas «fePaciflo. 3d wkMch, 137.691 106,730 1,738 082 1,480,489
5,856
Tex. S.V.& N.W. February.
4,009
2,961
7.549
343,254
Tol. & Ohio Cent. 3d wbMoh
30,845
349,959
30,377
199,513
Tol. P. & W est.. 3d wkMch
16,649
17,098
206,949
452,320
Tol. St. L. & K.C. 3d wkMch.
43,393
431,192
40,080
Union P a cificUnion P. R R .. January... 1,192,707 1,001,743 1,192,707
1,001,743
Ach.Col.&P.)
45,173
45,173
33,051
Ach.J.C.&W j January...
33,051
Cent. Branch «* 3d wkMch.
25,000
277.354
19,000
224,415
Cen.Br.AL’dL January... 106.691
106,691
78,555
78,555
GFd total... January... 1,454,242 1,194,371 1,454.242 1,194,371
Un.P.Den.&G.. 3d wkMch.
83,318
67,843
862,072
679.604
Wabash............. 3d wkMch. 252,726 212,110 2.674.450
2,328,150
16,865
Waoo&Northw. January ..
15,148
16,865
15,148
W. Jersey&8ea’e February. 136,144 128,147
277.354
252,102
W.V.Cen.dc Pitts' February..
84,313
76,995
$

THE CHRONICLE.

660
Latest Gross E arnings.
R o ads .
W eekorM o

1898.

Jan. 1 to Latest Date.

1897.

1898.

1897.

Latest ttros9 Earnings by Weeks —The latest weekly earn­
ings in the foregoing are separately summed up as follows:
For the third week o f March our final statement covers
78 roads, and shows 16*415 per cent increase in the aggregate
over the same week last year,
3d week o f March.

Previously rep’d <32 r’ds)
Alabama Gt. Southern...
Atlantic A D anville......
Bnrl. Ced. Ran. A North.
Central of Georgia........
Chattano( ga Southern...
(inioago A East. Illinois.
Chic.Indianap.& Louisv.
Chicago A W. Michigan..
Choc Ok la. A G ulf........
Cleve. Canton A South’n.
Oiev. Oin. Ohio. A St,. L.
Det. Gd. Rapids A West,
poiutn Ho. snore A Ati.
Flint & Pere Marquette .
Ft. Worth A Rio Grande.
G eorg ia........ ...................
Georgia A Alabama.. . . .

Grand Rapids A Indiana.
Cincinnati R. A Ft. W ..
Traverse City...........
Musk. Gr. Rap. A Ind .
Grafid Trunk.................i
, Chicago AGr’d Trans
Det. Gr.Hav. & Milw.
Kanawha A Michigan__
Kan, City Ft. 8. A Mem.
Kan. C. Mem. A Blrm___
Kansas City A Omaha..
Louisv. Evansv. a St. L
Louisville Hend.A St. L..
Louisville A Nashville...
Memphis A Charleston .
Mexican National .........
Minn. St. P. A 8. Ste. M..
Mobile A Birmingham...
Norfolk A Western........ .
Northern P a c ific ........
Oregon RR. A Nav........
Pittsburg A W estern....
St. Joseph & Gd. Island.
St. Louis & San Fran...
Southern Railway. . . . . .
Texas Central-------- —
*1oieao Peoria A West’n ..
Un. Fae. I>eii. & G o lf....
Western N. Y. A Penn...

1898.

1897.

Increase.

$
$
3,823,812 3,226.793
28,23»
30,619
12,136
14,505
79,853
69,918
89,066
100.652
1,208
1,319
87,641
8 *,534
50.978
60,V57
29,317
37,498
9,734
18,156
12,626
12,063
251,470
266.84a
22,860
24,372
31,090
26,756
61, *3 1
62.498
3,189
7,579
31,728
29,587
19,031
29,397
38.140
40,168
8,624
8,107
689
743
2,244
3,352

$
638,264
2,380
2,369
9,935
11,581 LI
1,893
9,279
8,181
8.422

453,470

410,545

42,925

r8,830
90.896
25,911
4,645
30,Q08
1<»,772
410,995
23,083
115,745
67,»98
7,472
238,950
390,576
151,612
55,117
22,053
126.365
388.5)7
4,509
17,098
83.318
52,400

9,054
84,582
18,914
5.952
28,115
8,858
377,080
17,07*
115,040
54,431
6,616
220,154
285,458
79,35 '
44,767
25.6*3
106.083
371.237
3,448
16,649
67.843
49,600

15,3; 9
1,512
4,331
1,367
4,3 40
2.141
10,366
2,028
54
1,108

6,314
6,997

.....

2,793
1 914
33,915
6,011
705
13,467
856
18,796
105,118
72,259
10,350

Gross E arnings.
Hoads.

390,973
3 <,030
394,211
32.70WestVa.& Pitts. December.
57,215
5 7 ,0 5
58,8*6
58.8*6
'Western of Ala January...
555,330
49,600
5*9.344
52,400
West. N.Y.&Pa. d wkMch.
196,246
306,559
2», 143
17,978
Wheel. & L. Erie 3d wkMch.
28.406
36,638
Wilke sb. & East. February .
806,013
962,322
72,850
90,871
Wisconsin Cent. ul wkMcli
15,9-28
15,^15
7,443
7.729
Wrights v. &Tei i. February.
4,024
4.024
5,026
5,026
York Southern. January...
a These figures include results on leased lines, b includes earning
from ferries, etc., not given separately, J Mexi san currency, d In
eludes operations of the Ohio. Burlington A Northern in both years
§ Covers results of lines directly operated east of Pittsburg.
t Includes Chesapeake A Ohio 3o’ western, Ohio Valley and Chicago
and Texas for 1898 but not for 1897.
e Includes results on A. T. & 8. Fe, Gulf Ool. & 8. Fe, S. Fe Pacific
(old Atlantic A Pacific! and So. Cal. Ry.
* Figures from 1st week of .larch include earnings on railroad only;
previous to that they include results on railroad and mines.

Decrease.

$
41,245

___
........
........

. . . . __
........
........

.......

63

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

__
517

224

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

1,307

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

(T ol. LX Vi,
1898.

$

1897.

$

■Net E a rn in g*

1893.
$

1897.

$

4.448
7.37458 975
45,094
Col. Sand. & H o-k’ g.Feb.
14,563
17 9 37
120,038
114,872
Jan. 1 to Feb. 2 8 .....
219,032
168,501
43 5.953
Den. A R. Grande, b .. Feb.
566,716
458.344
340,699
921.058
Jan. 1 to Feb.28...... 1,211,3 >2
July 1 to Feb. 28....... 5,686,811 4,690.517 2,244.980 1,877,163*
2,175,542
396.634
B rie.a........................Feb.
......... ..................r e u . «2,247,191
.£ 4 ( i i v 1
—339,933
XX
Tun 1
.4% >IO
A
I A ODO
728,20ft
Jan.
1 to IN
F+b.
28....... 4,610,893
4,393,162
767.600
728,20ft
July 1 to Feb. 28. ...22,851,356 20,999,085 5,883,265 5,514.009
57,743
G eorgia.a................. Feb.
156,362
152,060
49,043
108,15ft
Jan. I to Feb. 28.......
300,4 *5
297.190
88.655
*402.013
July 1 to Feo. 23....... 1,183,276 1,160.690 *346,303
22,617
Ga. South. & F U .a .Feb.
73,930
67.229
2 {,093
55,677
Jan. 1 to Feb. 28. . . .
157.692
146,331
56,234
211,997
July 1 to Feb. 23.......
625,100
603,495
216,456
142.645
Kan. O. Ft. 8. A M.a..Feh.
423.696
391.431
143,383
244.042
Jan.
3. . . . » 2825,395
749.392
251.069
ja n . 1
x to Feb.
reo. 2
2-i.
5 ,« a o
July l to Feb 28....... 3,471.320 3,094,548 1,085,353 1,0,2,093
22,497
Kan. C. Pitts. & G .a..Jan.
290,035
97,983
93,518
233.64ft
Lehigh Valley RR ...Feb. 1,4*21.806 1,301 671
351,832
437,614
Jan. 1 to Feb. 28....... 2,765,544 2,6 »5/193 652,912
794.558
Deo. 1 to Feb. *8....... 4,304,6->7 4.137.332 1,116,994
Lehigh Val. Coal Co.Feb, 1.192,572 1,214.255 dof.19 035 def.34,109>
Jan. 1 to Feb. 23. 2.614,107
2.^87.242 def.44 34* def. 5.986
Deo. 1 to Feb. 28_ 4,123,084 3,9 i7,005del.l03,737def.i05.562
Long Island R K .b...F eb.
198,734
179,0 i l def. 10,034 def. 16.43»
43»,225
374.7U
2.117 def.28,076
Jan. 1 to Feb *8.......
July 1 to Feb. 28....... 2.931,8 76 2,647.703
920,648
829,444
Long Isl’ d RR Sys.b.Feb.
205,268
185.963 def.14,914 *Jef.22,207
Jan. 1 to Feb. *8.
451,739
388,736 def.6^751 def.3 9,996
910,405"
July 1 to Fob. *8. . . . 3,19s,712 2,923,567 1,0*5,161
550,699
525,515
Louisv. A N ashv.b..Feb. 1,754,934 1,567,827
Jan. 1 to Feb. 2 i ....... 3,562,668 3,170,343 1,179.004 1,019,328
4,988,990
4,550,582
July 1 to Feb. 23.. — 14,036.432 13,/63,261
50,663
45,357
Minn. & St. Louis.a.Feb,
148.297
135,169
102,760
85,809
Jan. 1 to Feb. *8.......
291,"03
262 6 16
625,553
578.193
July 1 to Feb. 28. . . . 1,533,440 1,359,799
61.6)4
57,773
N. Y. Ont. & West a.Feb.
258,945
258,234
103.9 ì l
132.208
546,732 515,103
Jan. I to Feb.
23.
800
428
83 1,683
July 1 to Feb. 2 8 ..... 2,729,313 2,641,898
62,48ft
143,715
Oregon RR. A Nav bFeb.
497.613
2*7,315
135,071
Jan. 1 to Feb. 2 s ..... 967.1<19
557,061 , 23 >,8767 1 ÔI5’ësn,
July 1 to Feb. 23, . . . 4,111,874 3,008,7611,932,894 1,343 55ft
Paciflo Mall. .......... Feb.
365,924
363,181
„£8.054
55,659
130,02*
Jan. 1 to Feb.
28.
688,975 719,888
’ 00.587
637,092
612,9 jö
May 1 to Feb.
28. 3,328,974 3,350,71*
Penn syl vanla—
Lines directly operated—
___
„ ïiÆ „ ft
East of Pitts AE.. Feb. 4.829,534 4,485,234 1,359,101 1.293,401
Jan. 1 to Feb 23. . . . 9,918,705 9 ,2 ll,9 0 5 2,511,998 2,4 •9 ,5 9»
In c,
40,700
West of Pitts, a E.. Feb. In c. 337,000
In c. 119,500
Jan. 1 to Feb. 23.......
In c. 871,700
16,527
21,227
Peoria Dec. & Ev
Nov.
73,913
64.858
162,024
228,o05
Jan. 1 to Nov. 30.......
826,681
780,585
534,382
629,061
Phila. & Reading..b.Feb. 1,490,115 1,494,133
Jan.
to DfU.
Feb. 2
j a i l . 1 10
a >.....
......... 3,214,587 3,004,001 1,312,473 1.265.-67
J u ly I t o F eb 2 8 . ...1 5 ,1 0 0 ,7 5 1 1 4 ,2 2 1 ,5 6 6

6 .8 6 0 , i 0 2

6 ,4 1 8 ,8 6 1

Coal A Iron Co..b.Feb. 1 ,4 4 4 ,4 2 3 1 ,5 1 0 ,1 9 5 d e f .2 7 ,3 4 0 d f 1 3 3 ,1 1 9
Jan. 1 to Feb. 23. . . . 3 .3 8 3 ,8 2 4 ft,204,261 d e f.3 *,744 d f.2 b 7 .3 7 7
J u ly 1 to Feb. 2 8 . — 1 6 ,7 7 1 ,7 0 6 1 5 ,5 6 5 ,6 s 9

7 3 5 ,3 7 7

4 c3 6 0 »

495,942'
556.542
Total both Co’s .b . Feb. 2 .9 3 4 ,5 3 8 3 ,0 0 4 ,3 2 8
998,49 ft
Jan. 1 to Feb. * s ........ 6 ,6 0 3 .4 1 1 j 6 ,2 jh ,2 6 5 l , 2v9,7 ¿9
July 1 to Feb 23. — 31,872,457 29,787,255 7,600,479 6,882.519
22,898
2 3,667
Reading Comp’ ny oFeb.
.........—i
............
........
228.024
233,242
July 1 to Fob. 23. i—
513.810
530.209
Total all Comp’ s.b.Feb.
....—
7,838,721 7,110,54ft
July 1 to Feb. 2 3 .....
........
3,570
,. . .
12,774
20.282
6,166
........
42,308
Phil. Read. & N.E.....Feb.
43,091
25.408
17.3 Ul
11,505
84,327
Jan. 1 to Feb. 28.......
90,330
125,983
1,061
147,437
4
4
4
,4
1
4
July 1 to Feb. 28 . . . .
467,339
449
........
209,472
301,341
Pitts. C. C. A St L.a. Feb. 1.221,556 1 ,0 6 9 ,2 7 2
........
15,475
503,238
679,674
2,108.423
Jau.
1
to
Feb.
28,
.
.
.
2,536,151
2,800
............
5,944
14,211
2 3 ,0 3 9
Rio Gr’nde South, b..Feb.
30,840
1 6 .9 7 6
3
>.333
5 0 ,5 2 3
Jan. 1 to Feb. 28. . . .
69,271
46,926
7,555,871 6,487,901 1,114,896
I Total (78 roads)....... .
123,93ft
121,752
279,215
July
I
t
o
Feb
2
8
,....
281,769
. . . . . . . . 1,067.970
Ketinorease ;16'46 p. o.
42,214
70,083
157,678
Rio Grande West.b. Feb,
208.724
95,4 6142, >97
3 3 3 .4 7 3
440,30
Jan. 1 to Feb. *¿8. . . .
535,905
Net Earnings Monthly to Latent Dates.—Thetable fo llo w ­
835,740
1,627,983
2,240,536
July 1 to Feb. 28. . . .
51,247
ing shows the gross and net earniugs of S team , railroads 8t. Jos. & Gd. Isl.a .Feb. 1 1 1 ,0 0 0
45,762
108,391
57,276
¡76,218
186,894
reported this week. A full detailed statement, including all
205,105
Jan 1 to Feb. 28.......
124,733
331,617
6*2,858
86 4,7 46
July 1 to Feb 2 8 .....
roads from whiob monthly returns oau be obtained, is given
211,803
215,311
4 7 1 ,9 3 8
onoe a month in these oolumus, and the latest statement of St. Louis & Han Fr.bFeb. 55 4.893
369,253
427,3*7
887,573
Jan.
1
to
Fe
■
>
.
23.
.
.
.
1,079.7
J
_0
this kind wili be found in the C h r o n ic l e o f March 19,1898.
4,003’,513 2,038,022 1,780.647
July 1 to Feb. 2 8 ..... 4*.689,457
’
The next will appear in the issue o f April 23, 1898.
134,619
131,420
18,494
20 399
San Ant. A Aran P.bFeb.
49,25.4
r— Gross E arnings .——>r -— S et Earnings y
______
295,278
233.343
5 >,620
_ to
Jan 1
Feb.______
28.......
591,45 ft
1897.
1898.
1897.
1898.
460,803
July 1 to Feb. 23....... 1,413,935 1,585,545
Ü
S
$
$
9
42,967
JRoads.
#
29.662 Southern Pacific .b Feb. 4,316,419 3,417,761 1,551,799 2,006,290"
37,527
127,415
Alabama Gt.Bouth.a.Feb.
142,770
Jan. 1 to Feb. 2 8 ..... 8,704,125 7,033,373 3,048,394
70,0
.0
94,981
262,589
Jàn. 1 to Feb. *8......
308,050
July 1 to Feb. 28___.37,174,6x0 33,535,345 15,064,218 12,446,412
441,033
407,859
1,1*1,634
£; July ! to Feb.28 . . . . 1,21 ;,507
952,812
862.859
264,059
273,613
1745,722 ♦555,157 Wabash b - — . . ........Feb,
AtOh.Top & 8.Fe.b...Feb. 3 0 >6,390 2,447,742
Jan. 1 to Feb. 2 8 ..... 1,894,561 1,697,017
466,965 „
'
Jan. 1 to Feb. 28...... 5,916,838 4 ,9 1 1 ,6 7 2 1,2+0,156 1,034,288
July 1 to Feb. 23....... 8,703,0i7 7,831,975 2,700,374 2,370,94ft
j S i ÿ î to Feb. 2 8 : : : : : 2 0:3 4 * :6 oo ¿¡ ì ^ ò l b ì ì 1 7 ,4 6 7 ,5 4 6 1 6 ,2 9 9 ,9 3 4
14,077
13,184
W. Jersey & 8eas'e.bFeb.
136,144
128,147
.
n.n
n
is i n i
a
i o fl e
a
t a ‘i n
81,830
91,966
2 J5.731
14.393
Bufi. Roch. A Pitts, b.. Feb, 258 853
25,788
Jan. l t o Feb. 23 . . . .
277,3>4
252,103
194,335
164,014
486,170
*Jan. 1 to Feb. * 8 ..... 542,u57
44,022
55.334
!7est.N.Y.&Penn.b .Feb,
205,038
196.235
773,360
887,525
July 1 to Feb. 28.; --. 2,441,913 2,281,204
83,872
104,037
ja n . 1 to Feb. 2 8 .....
412,014
402,230
384,823
423,667
Canadian Paojfio.a..Feb. 1,491,597 1,272,094
716,072
841,765
•July
1
to
Feb.
2
8
.....
2,’*78,869
2,073,366
758.166
939,235
Jan. 1 to Feb. 28. .. . 3,163,969 2,585,018
taxes.
a Net earnings here given are after ded uctin g-------186.167
181,217
474,080
Cent, of Georgia.a...Feb.
3195,503
b Net earnings here given are befo e deducting taxes.
T _
403,102 !
355,541
983.610
Jab. 1 to Feb v8.- .. . |»018j201:
*
After
allowing
for
other
income
received,
total
net froin jm y x to; July 1 to seb, 28....... 4,061,217 3.883,769 1,554,672 1,529,592 February 28 was $407,120, against #488,215.
„-g*.
>,476 1,230,342
t For February, 1898, taxes and centals amounted to $148,0p9, as t.
Ohio. Burl.&Quin.b.. Feb. 3,139,716 2,769.462 1.29
5,442.0 >0 2,351,088 2.237,988 $179,917, and from J u ly ! to F e b r u a r y 28 $1,135,188, agst # 1.372,87^
V l JSfy \ |o Feb'
12,037,006 10,28 L56 2 after deducting which, net for February 1898, was $>97,663, against
Ohio. M. & St. P .a,..F eb. 2,394,665 2.U 9.739
789.804
785,531 $375,240. From July 1 to February 28 net, after deducting taxes an«^
Tan I to
2S. . . . 4,755,9 )7 4 , i w , l o8 3,5*6,334 1 .4 9 o ’, 1 2 3 rentals, is $6,332,358, against #4,927,055.
July I to Feb. 28.......23,186,238 20,868.472 9,079,421 8,275,001
Interest Charges anh Sarplas.—The follow ing roat^, in
22,895 addition to their gross and net earnings given in the fo*re49,880
Choctaw Okla.&G.b.Feb.
128,536
83,327
58,521
111,780
;
Jap. ItioKeb. 2 * .....
279,296 201,*30
150,994! going, also report oharges for interest, &0., with the surplus
249,787
463.451
; jjfl Nov. 1 to Feb 28
597,499
•
','4l
242,519 or deficit above or below those charges.
257,352
985,460
Clev.Cin. C. A St.L .a.. FCb. 1,061,718
,— -ln t., Rentuts, <6c. — \<—B al. o f Vet E a r n g s .—s
520.142
530,224
Jan. 1 to F»’b * 8. . . i . 2.160,¿91 2,042,131 2.227,010,,
.
.
t.
,1 8 9 8 .
1897%J,
1898,
1897.
2,198.280
8,73
L,604
•5ÌI jn ly 'l tìck Feb. 2 8 ..... 9,581,133
'9¥/jfc )id «U B u y w c # ii0 3 6 / i . l - v
'J&tntB
51.056 .... 43,22,'
S' Peonia' A
Fé!SL®.3 157,019 l? ,e W $ 2 5 0 ,
c h i0. Bnri.<fe ^ f i ^ « » c b i ■ sa oiooosw h m . z m m f
^
8'8;766
" 7 1,1 §
Xn?
July
l
t
o
Feb.
>28,....
7,12.0,000.7,009t6
l5
/Jan. 1 to fi'àb: 28.......i nx ß
251,72
July 1 to Feb. 28....... l,2o6,384 1,036,033 ” 332,144




THE CHRONICLE.

A pril 2, 1898.]
-In t., Reniais, <6c.~

1898.
R o a d s.
Choo. Okla. ao H alf...F ab.

$

20.000
Nov. 1 to Feb. 2 8 .....
73,000
‘Clev.Cin. Ch. A St. L . Feb.
210.120
July 1 to Feb. ¡28. ... 1,932,4*3
36.802
Poona A Eastern.. Feb.
294,413
July 1 to Feb. 28____
213.935
Denver A Rio Gr’de..Feb.
July l to Feb. 28. . . . 1,597,173
118,123
Kan. C. Ft. 8. A M....Feb.
July 1 to Feb 23. .. .
937.203
70,213
Kan. C. Pitts.A Gulf.Jan.
101,7 49
Long Island RR .... Feb.
817,750
July 1 to Feb. 23.......
112,333
Long Island RR Sys.Feb.
909,475
July 1 to Feb 23.......
Philadelphia A Reading—
745,000
Allcompanies. ....F eb.
July 1 to Feb. 23....... 5,960,000
28 >.441
Pitts. C. C. A St. L...Feb.
Jan. 1 to Feb. 28.......
537.057
Rio Grande South__ Feb.
17.893
July 1 to Feb. 28.......
120,636

1897.
$
19,000
76,000
241,353
1,90 4,769
36,302
294,413
201,7*7
1,560,12 4
115,163
923,322

-B al. o f net Earn'gs.-

1898.
$
21,330
171,737
17,2*2
295,172
14.254
37,731
5.147
647,316
24,955
143.145
23,3 5
9 >,233 df.H 3,>28
313.66 4
199,529
109,101 df.121.343
90 j,913
212,317

189 7.
$

3.=95
74.994
1,161
293,511
6,420
def.42.63 7
def.3 5,2 -6
317,044
27,432
83,271
df.116,425
83,130
df.l3*,007
79,860

df.16 4.791
. . . . . . . 1,373,721
11.900 def.31.007
240,479
545,344
142.617 def.3 9,556
14.107 def. *,637 def.8 163
112,658
1,116
11,275

STREET RAILWAYS AND TRACTION COMPANIES.
The following table shows the gross earnings for the latest
period of all s t r e e t railways from whioh we are able to ob­
tain weekly or monthly returns. The arrangement of the
table is the same as that for the steam roads—that is, the
first two oolumns of figures give the gross earnings for the
latest week or month, aad the last two columns the earnings
fo r the calendar year from January 1 to and including such
latest week or month.
STREET RAILWAYS AND TRACTION COMPANIES.
Latest Oross Earnings.
[G r o s s
E a r n in g s .

Week o r Mo

1898.

1897

Jan. 1 to Latest Bate.

1898.

1897.

$
*
10,711
10.509
5.161
4.854
Akron Bedf d A Clev. February..
7,924
3.149
3,645
6.846
Amsterdam St. R y ... |February.
6,221
6,221
Atlanta Railway ... |January...
5,155
5,155
Atl. Highl’ds Red B’k
36,582
2,103
2,863
& I,oag Br. Eleo.Ry. Noverab’r.
307,867
Baltimore Con. Ry.*... February. 152.424 148.575 319.95
1,104
2,410
2,444
1,133
Bath St. Ry. (Maine). |February..
5,860
12.113
11,812
5,476
Bay Cities Consol....j February..
9,46 7
22,0 4*
19,496
Binghamton St. Ry... February.. 10,946
43.569
44,089
Bridgeport Traction. February . 21,671 21.433
25.11
Brockton Con. St. Ry. [January... 25.111 22 918
22.918
93,000
98,000
89,000
Brooklyn Elevated.. January...
89,000
Br’ kiyn Rap. Tr. Co.—
Brooklyn Heights > 1February 385.967 360,128 800,777 752,414
B ’klynQ’ ns A Sub. J i
23,047
Charleston City Ry.J February.. 11,274
Citizens’ 8t.Ry..rn<ip.' February. 73,024 67.913 15 *.74p 141,369
4,390
5,41*
Citiz’ns’ (MuucieInd.) January...
4.390
5,418
3,111
2,-64
1.4 3 1
1.53
City Eleo. (Rome.Ga.) February..
Cleveland Eleotrlo... February.. 127.244 115,513 265,327 239,601
5,4*4
9,027
10,817
Cleve. Painsv. & E. . February..
4.527
89,663
Columbus St. Ry. (O.) February. 47,60 ! 42,79 i l o t , 389
Consoli’d Trao. (N. J.) Febiuary.. 221,646 201,933 464,236 419,269
Dan v. Gas El. Light &
17,988
19,200
8.391
9,261
Street Ry................. February.
Denver Con. Tramw.. February . 51,129 49.405 107,602 103,403
Detroit Citi’ns’ 8t.Ry. istwkMch. 20,972 19,036 196,669 177,497
64,776
64,932
Detroit Eleo. Ry........ February. 31.365 31,319
24,993
27,997
Duluth St. Ry............ Februa-y. 13,638 11,969
19,374
21,089
Erie Eleo. Motor Co.. February.. 10,103
9.116
Galveston City R y ... February.. 15.139 14,907
3M>42
Harrisburg Traction. February.. 17,319 14,686
3o, 816
Herkimer Mohawk II
42,604
39.571
3,492
ion A P’kfort El. Ry. December.
3.765
14,072
16,623
Houston Eleo. St. Ry. January... 16,623 14,072
Interstate Consol, oi
7.579
17,320
17,504
8,377
North Attleboro.... February..
7,281
7.672
3,602
3,672
Kingston City R y..... F bruary..
16,655
8,127
Lehigh T raction ....... February..
16,297
7,953
12,760
14.364
London St. Ry. (Can.). February.
6,159
6,658
27,541
30,705
Lowell Law. & H av.. January... 30.705 27,541
Metrop. (Kansas City) -d wkMoh. 36,31« 31,661 392.22c 337,823
195,974
Metro. W. Side (Ohio.) February. 96,342
7,569
7,89-.
Montgomery St. Ry.. February..
3,634 "3,919
Montreal Street Ry... February.. 102,626 89,952 212,732 189,588
212.059
February..
127,08 102.436 262,520
Nassau Eleo. (B’ klyn)
8,511
4,326
9,24
3,991
Newburgh Eleotrlo... February..
5.019
5,4 U?
2,504
New London 8t. R y.. February.
2,31»
New Orleans Traotio n February. 112,34ft 98.090 219,567 199,349
19,313
21,155
Norfolk St. Ry........... February.. 10,042
9,385
North Chic. Sc. R y ... 3d wkMoh. 55,3ol 50.353 593,87« 550,964
173,148
North Shore Traction February. 8 2 , 4 7 1 86,443 181,33
1,909
1,819
Ogdensburg St. R y... February..
775
878
45,095
52,602
Paterson R y........ — February.. 25.140 21,326
86,131
86,40«
6,065
6,179
Po’keepsie & Wapp.F December.
14,381
16,913
6,347
8,280
Richmond Traction.. February.
791,181 847.440
Rochester R y .......... December.
7,672
10,51Roxb’h Ch.H. A Nor’n February.. " 6 145 "3,643
7,890
6,835
3,326
3,824
Schuylkill Val. Trao February..
ft,332
2,441
Soranton A Carbond’e February..
8,877
8,991
February..
4,103
Scranton A Pittston.
4,147
51,562
57,338
Soranton Railway.... February.. 27,172 23,99b
62,194
71,857
Syracuse Rap. Tr. Ry. February.. 34,370 30,001
Toronto Ry................ February. 82,402 69,745 168,965 144.29
Twin City Rap. Tran. February 150,756 140.2 L4 314,479 292.182
31,969
29,004
Union (N. Bedford).. February.. 13,202 15,118
United Tract. (Pitts.) February.. 105 285 97,638 223,245 202,605
United Tract. (Prov.; February. 116,678 119,0*4 255,256 248,217
22,256
24,132
Unit. Trao. (Reading) February. 11,308 10,579
6,512
6,368
Wakefield A Stone.... February..
3,224
2,754
5-5,544
42.377
Waterbury Traotion.. February. 20,142 16,473
West Chioago St. Ry 4th wkMoh 71,244 68,596 840,690 800,381
12,925
Wheeling Railway... January... 14,276 12.925
14,276
73,868
Wilkesb. A Wy. v alley February. 36.352 34.449
76,708
* Inoludes Baltimore Traotion and City A Suburban for both years.

Street Railway Net Earnings.—The following table gives
the returns of S t r e e t rail way gross and net earnings receive^
this week. In reporting these net earnings fo r the street rail*




«61

ways, we adopt the same p ’an as th it f >r the steam rotds—
that is, we priat each week all the returns received that
week, but onoe a m mth (on the third or the fourth 8 aturdiy)
we bring together all the roals furnishing returns, and the
latest statement o f this kin l will be f >und in the OiaoviOLB
of March 19, 1898.
The next will appear in the issue of
April 23, 1898.
— Oross E arh ings .—
Roads.

Amsterdam Sc. Ry...Feb.
Jan. 1 to Feb. 2 8 .....
Cleveland Eleotrio...Feb,
Jan. 1 to Feb. 23. . . .
Denver Con. Tramw.. Feb.
Jan. 1 to Feb. 2 3 . , . . .

1898.
$
3,645
7.924
127,244
265.327
51,129
107,602

-Wet Earnings.—

1897.
$
3.149
6.845
115.513
239,691
41,405
102,403

1898.

1897.
$
178
916
41.825
80,578
20,9 50
42,506

$

634
1,759
50.544
105,044
19,010
39,439

Interest Charges a n d Surplus.— The following S t r e e t
railways, in addition to their gross and net earniags given in
the foregoing, also report charges for interest, &o., with the
surplus or deiioit above or below those charges.
-Int., rentals, etc .——, -Bod. ot Wet E arn’ *.—.
Roads.

Denver C o q . Tramw..Feb.
Jan. 1 to Feb. 2 3 .....

1898.
8
18 727
37,495

1897.
$
18,329
36,550

1898.

1897.

231
1,944

2.621
5,956

ANNUAL REPORTS.
A n n u a l R e p o r t s . — T h e f o l l o w i n g i3 a n i n d e x t o a l l a n n u a l
r e p o r ts o f s te a m r a ilr o a d s , s tr e e t r a ilw a y s a n l m is c e lla n e o u s
c o m p a n i e s w h i c h h a v e b e e n p u b l i s h e d s i n o e t h e la s t e d i t i o n s
o f th e I n v e sto r s’ an d S tr e e t R a i l w a y S u p p l e m e n t s.
T h i3 i n d e x d o e s n o t i n c l u d e r e p o r t s in t o - d a y ’s C h r o n ­
ic l e .
R 4Tt.RO AD AND M18CEL. 0O '8
V olu m e 6 6 —
Page.
Alabama N. O. & T ex. Pao. Juno... 281
American Screw Com oany............. 332
American Dis rlct Telegraph........ 234
American Soda Fountain............... 3*3
American Straw Board ................ 333
Am erican Sugar Refining Oo...........‘>19
Balrim ire C'lestpeako « Atlantic. 2 s4
Br loslya W harf So Wareh. Co...... 435
Burl. Oed Rap. & Nor...................... 570
Canadian Pacific R y ..........379,515, 533
Central RR. o f New J e r s e y .......... 423
Central Union Telephone ............. 236
Charleston A savannah...... ............ 518
Oheraw So Darlington...................... 23s
Chicag. >& A lton........................
423
Chicago Junction Rys. & Union
Stock Vards Co ..................... .. 380
Chic. St. Paul Minn. & Omaha.424, 513
Chicago Teiepnone. .. ................... 234
Onicago Great West..half-year..235 2-3
615
Commercial Cable C o ... .............
C insolidited K. C. 3m. & R e f........ 471
Consolidation Coal...............
330
Delaware & Hudson Canal.. ...232, 516
Delaware Lackawanna So Western. 232
Detroit Grand Rapids & W estern. i24
Diamond Mated...................................236
Edison Elect. 111. o f B rooklyn.235, 333
Edison Electric III. o f Boston.. ... 333
H lison El-ctrlo 111. o f New V ork.. 3i2
Electric Storage Battery Oo........... 61v
Georgia & Alabam a. ..................... 518
Georgia R R ......................
614
Grand Rapids So In liana................. 468
Huntingdon So Broad T op Moun­
tain RR. & Coal C o ........................ 331
Illinois Steal. .................................... »32
Indiana & Lake Mir ligan...............331
Indiana til. & Iowa ....................... 571
Lake Erie A W estern.........................424
Lake Shore A Michigan Southern. 47 l
Lehign C oil So Navigation Co .. .. 330
Lehigh Valley .................153,181, 183
Manchester fc A ugusta................... 233
Maryland Coal C o............................. 383
Missouri Pacific...............
517
Mobile x Birmingham....................... 424

R a i l r o a d a n d M isoEii. G o ’ s (d o n )
V olu m e 6 8 —
P a g e.
Mexican Central........ ..................... 491
National Starch Mfg. Gj .............. 334
National Lead 0
. . . . . . . . . . . »81
N. V. C alcagj A St. Louis............... 2S8
Net* Vork A New Jersey Telephone 469
Norfolk * C a r o lin a ........... ............. 2:*3
Northeastern RR. tof So. C a r .).... 233
Northern Central R R ....................... 330
Pennsylvania RR................ ...467, 473
People's (4a3 Ligni A Coke.......H;*2, 381
Peoria Deoatur A Evansville R y ... 469
Puiladelphla So E rie ........................... 468
Phil. Read. <&N. E ........................... 571
Pull. Wllmlngt >n A B a ltim ore.... 233
putney Mining Co............................. 3s3
St. Louis Term Cupples Station &
Prop. Co., *6$ m onths......................519
St. Louis Vandalia «T e rr e H a u te . 331
Savannah Florida & W estern........ 513
South’ n New England T elephone. 3*4
Spokane Falls A N o rth e rn ............... 614
S treets Western Stable Car Line.. 2*5
Summit Branch R R ..............
3*3
Sunday Creek Coal Co............... .. . 334
Tamarack M nlng C >........................' 6L4
Tenn. Coal, I. & R R ...... ..............
571
Term. R 3 . Ass’n o f St. Louts........ 573
Terre Haute & Indiana» ilis.......... 331
rerre Haute & L o x a n sp o rt.......... 331
Terre Haute So Peoria..................... 3St
Texas & P a c’t t o ........... ................. 569
Texas Cen'ral..................................... 518
Trenton Potteries............................. 286
Union Pacific Denver So Q u lf......... 613
United States Lsatuer..................... 425
We3t Jersey & Seasnore ............... 614
W estern Maryland ......................... 233
Western Stone Co............................. 234
Wilmington Columbia So Augusta. 1S1
St r e e t R a i l w a y s

Volume 66—

Page.

A 'to n Railway & 'llum inatin g....... 613
L ou isville Railw ay ............

51 9

Twin City Rapid Transit C o ...424, 469
United Traction Co. o f P ittsburg.. 469

Mexican National R ailroad.
CReport fo r the year ending December 31, 1897.J
The annual report of President Raoul will .be found on sub­
sequent pages of the C h r o n ic l e . The company has adopted
an arbitrary rate of 80 cents to the dollar as a basis of con­
verting its Mexican dollars into Uaited States gold, bat the
actual loss of late years has been much greater, and this loss
is charged in the item of “ Exchange.” In 1893 this item
amounted to $348,633 in gold, in 1393 to $181,343, in 1894 to
$108,120, in 1895 to $639,345, in 1896 to $793,408 and in 1897 to
$1,156,793, these sum3 representing the loss,in converting into
gold that portion of the silver dollars needed to meet it3 gold ^
payments, &c.
Earnings, expenses, &c., for four years were as follow s:
I EXPENSES (M E XIC A N C U R R E N C Y).

1897.
E arnings —
Freight........ .

$
..4,525,298
.1,079,643
.. 305,016
..
60,-83
.. 109.818

1894.
1896.
1895.
1,218
1,218
1,218
$
$
$
3,371,117 3,129,461 3,* 8 >,466
924,454
1,010,100 1,010,048
282,014
278,139
227,940
34.776
25,8*5
58,318
76,907
81,302
63,383

..6,080,663 5,299,025 4,f 13,206 4,329,079
E x p en se s —

801,317
850,623
.1,212,428 1,076,213
174,957
.. 216,294
499,414
.. 588,714
221,166
.. 226,366

746, *70
876 66«
142, H 4
45«,049
217,098

765,392
849,526
185,971
417,197
i l >,030

.3,09 4.425 2,773,087 2,441797 2,437,116
.2986,238 2,525,958 2,071,409 ,1,891,963
. 50-39
52*33
54*10
56-30

THE CHRONICLE

«6 2

INCOME ACCOUNT (M E X . C UR RE NC Y RED UCED TO U . S. CUR. A T 8 0 P . C .)

1897.
1896.
1895.
1894.
Receipts—
$
$
$
$
Net. earn, (at 80 p.o.)........2,388,991 2,020,766 1,657,126 1,513,570
Other receipts.....................................
................................
99,110
Total...............................2,388,991
Disbursement ts—
Int. on let M. bonds........... 680,720
Miscel. betterments........... 114.456
Int., diso’ t and exchange..1,156,79*
Miscellaneous.....................
18,657

2,020,766
687,755
125,269
793.408
11,712

1,657,126 1,612,680
693.070
97,225
€89,345
18,566

694,680
74.7H1
708,120
9,951

Total............................. 1,970,625 1618,144 1,498,236 1,487,512
B alance........................ *sur.418,366 sr.*402,622 sr/158,890 sr.*125,168
* From the surplus there was paid April 1 ,1 8 9 5 ,1 p ercen t on the
income “ As” from the earnings of 1894; on April 10, 1896,1*2 per
cent from the earnings of 1895; on March 22,18 9 7 ,3 p. c. out of
the earnings of 1893. Three and a half per cent will be paid April 4,
1898, from the earnings of 1837.
C APITAL ACCOUNT DE C . 31 (U. S. C U R R E N C Y ).
1897.
1896.
1895.
1894.
$
$
$
$
Cost of road & p rop ..70,796,969 70,843,413 70,961,413 70,744,212
B’nds& st’ks otti. cos. 4,047,750
4,047,750 4,047,750 4,047,750
Mexican Nat. RR. st’k
21,250
21,250
21,250
21,250
Texas-Mex. coups.........................
............
............
209,088
Bal. to gen. bal. sheet. 1,363,031
1,435,587 1,435,587 1,480,700
Total.....................76,229,000
Capital stock.............33,350,000
1st M. bonds.......... ...11,309,0< 0
2d M .b’ds “ A” & “ B” .24,530,000
3dM. bonds, incomes. 7,040,000

76,348,000
33,350,000
11,428,000
24,530,000
7,040,000

76,466,000
33,350,000
11,546,000
24,530,000
7,040,000

76,503,000
33,350,000
11,583,000
24,530,000
7,040,000

Total..................... 76,229,000 76,348,000 76,466,000 76,503,000
1897.
$
200,000
763,670
316,«28
533,588
___
32,958
322,171
388,468

1896.
$
200,000
763,670
703,779
341,0¿6

1895.
$
200,000
763,670
468,179
273,865

31,594
309,375

29,888
302,801

1894.
$
200,000
763,670
427,409
276,978
2,081
24.561
306,812

T o ta l.................... 2,557,484
Bal. irom cap. acct. . 1,361,031
460,737
Bal. fr’iu netrev.acct.
Liabilities —
279,557
Pay-rolls & vouchers.
159,014
Accounts payable...
9\145
Interest on bonds___
200,000
Bank oi Mexico loan.

2,349,444
1,435.587
407,323

2,038,402
1,435,587
187,176

2,001,511
1,480,700
149,939

255,586
146,310
104,638

242,395
74,723
98,520

193,821
74,311
102,740

2,557,484

2,349,444

2,038,402

2,001,511

Assets—

Total.......... .
—Y. 65, p. 516.

American B ell Telephone.
('Report fo r the year ending Dec. 31, 1897.)

.

President Hudson says :
Increase o f Business.—“ The output of telephones and the
increase in the number of exchange subscribers are uuprecedented in the history of the business; In fact, the gain of
exchange stations recorded for the past tw o years equals the
aggregate gain of the six years which preceded. Part of this
growth may be attributed to the general enlargement of pop­
ulation and business and the growing recognition of the tele­
phone. In part, also, it is unquestionably due to the efforts
to bring the service within the reach of the numerous class
of those who have need for alia ited use of the system. Im­
provement in the method of equipment has made it possible,
without confusion or material delay, to furnish service to
two, three or more subscribers on the same circuit, who do
not require a great number of connections.”
Long Distunce Lines, Etc.— •* During the year the Long Dis­
tance Company’s lines have been extended to reach Omaha in
the west, Minneapolis to the north and southerly to Peters­
burg and Norfolk. There were in operation on the first of
January, 1898, 8,778 miles of pole line and cable and 116,116
miles of wire, connecting 288 offices, a gam during the year of
1,433 miles of pole line and cable, 8,706 miles o f wire and 55
offices.
“ The underground system is now in use in 130 of the ex­
changes and 282,634 miles of exchange wire, that is, nearly
50 per cent of the total mileage in the United States, are now
carried by means of underground conduits.
“ In all there are 85 companies reached whose systems fur­
nish our long line terminals. These companies report a total
pf 325,250 s at ions, o f which 146,394 (45 01 per cent) are
equipped with metallic circuits, and of these 146,394 stations,
22,928 are equipped with long distance cabinet sets.”
New Construction.—The new construction completed in
1897 by companies with which we have contract relations
amounted to §8,712,914. Of this sum $4,865,317 was expended
upon exchange construction and equipment, and $3,847,596
upon toll lines. In addition to the above, $1,484,331 was in­
vested in real estate to be used for company and exchange
purposes. The entire expenditure for construction, including
real estate, to the close of 1897 has been $97,946,102.
The Long Distance Company had invested, up to December
31, 1897, in line construction, franchises, equipment and sup­
plies, $13,888.751. The company shows an increase in gross'
earnings in 1897 over 1896 of 16 per cent, the amount for 1897,
gross, being $1,879,293.
Statist cs.—The comparative statistics from the reports of
fpur years show as follows:




Number o f Instruments
under rental Deo. 2 0 ...
Exchanges Jan. 1.............
Branch offices....................
Miles wire on poles..........
Miles wire on buildings..
Miles wire underground..
Miles wire submarine____

1897.

1896.

1895.

1894.

919.121
1,025
937
327.3 5
13,776
282,634
2,675

772,627
967
832
286.632
12,594
234,801
2,818

674,976
927
686
260,324
12,861
184,515
2,028

582,506
867
572
232,008
14,525
148,285
1,856

459,728
536,845
396,674
Total miles w ire........ 626,400
237,837
264,465
212,074
295,904
Number of circuits...........
11,930
14,425
11,094
16,682
Number of em ployes.......
281, «95
325,720
248,432
Number of stations.......... 3 8 4 ,3 0
2,351,420
2,088,152
2,630,071
3,099,172
N umber daily conuect’ns.

The following is a comparative statement of earnings, ex­
penses and income for four years of the American Bell Co. y
compiled for the Chronicle :
EARN ING S, E X P E N S E S, ETC.

1895.
1894.
1896.
1897.
$
$
E a rn in g s —
$
$
Rental of telephones___ 1,597,959 1,238,378 1,179,566 1,811,320'
D ividends........................ 3,085,379 2.616,307 2,523,149 1,937,657
182,265
148.695
106,939
£ r . terr'l & branch lines.
211,507
32,423
29,352
34,077
33.174
Telegraph commission..
215,320
171,355
196,455
117,071
Interest.............................
80,006
74,849
84,971
85,752
Real estate and misoel’ s.
Total........................... 5,130,844 4,327,324 4,179,160 4,156,573
Expenses, incl. int. and
965,401 1,032,788
943,744
961,170
taxes, concessions, etc.
Net earnings............. 4,169,674 3,383,581 3,213,759 3,123,785
D isbursem ents —
Regular dividends.......... 2,939.904 2,683,983 2,502,453 2,400,000
630,000
600,000
677,250
743,044
Extra dividends...............
81,306
22,347
123,785
47,216
Depreciation reser’e, eto.
3,213,759 3,123,785

T o ta l.......................... 3,730,174 3,383,581

GE N E R A L BALANCE SH E ET (U . S. C U R R E N C Y).

Sec.M. b’ds “ A ” & “ B”
Tex, Mex. bond pur..
C ask.......... .................
Accounts receivable.
Express property___
Tex. Mex. State lands
Materials on band..
Uruopon exten. acct.

[V O L . L .X Y 1.

4 3 9 .5 0 0
LEDG ER BALANCE DE C E M B E R

1897.
Debit —
$
Telephones........................ 1,772,596
R eaf estate....................... 1.062,695
S tocks............................... 52.827,205
18,319
Mercban. and machinery.
Bills and acc’ts reo’ b le ... 3,275,059
Cash and deposits........... 1,833,964

1896.
$
1,537,761
1,046,126
50,511,149
17,484
1,490,930
900,271

31.
1894.
1895.
$
$
1,285,946 1,209,787
1,015.927
950,927
44,121,681 38,268,456
14.054
14,233
3,463,214 4,355,554
1,337,893
760,766

Total............................ 60,779,841 55,503,723 51,268,715 45,559,733
Capital stock....................25,886,300 23,650,000 21,500,000 20,000,000
Premium account........... 6,110,582 3,561,2<>0 1,398,435 ................
Debenture bonds, 1888.. 2,00.>,000 2,000,000 2,00'',000 2,000,000
Bills and acc’ ts payable. *1,216.330 t l , 204,591 i 1,120,616 5IT,107,950
Patent a cco u n t............. 12,399,047 12,397,621 12,713,809 10,228,571
Profit and loss.................. 6,551,434 6,551.403 6,349,445' 5,849,444
Reserve ........................ 4,025,628 3,9s7,896 4,035,399 4,222,757
2,590,521 2,151,011 2,151,011 2,151,011
Surplus..............
Total....................... :..60,779,841 55,503,723 51,268,715 45,559,733
ir$900,000 is dividend payable Jan. 15,1895.
î$967.500 is dividend payable Jan. 15,1896.
t$ l,064,250 is dividend payable Jan. 15,1897.
*1,164,884 is dividend payable Jan. 15,1898.
—Y. 66, p. 182.

Pennsylvania Steel Company.
( Report fo r year ending Dec. 31, 1897. J
The directors have decided this year not to print the report
or let it go out of the financial office. The stockholders
however, have the privilege of examining it at any time.
The “ Philadelphia Financial News,” gives the following in­
formation as obtained at the annual meeting :
“ During-the first six months of 1897 a loss was made at
the Steelton Works after paying all interest charges. It was
also found necessary to charge off a large amount, owing to
the shrinkage in the values of materials. The operations for
the last half-year show a gain of $163,000 after paying in­
terest, or considerably more than a full dividend on the pre­
ferred stock. This gain was not sufficient to wipe out the
loss for the firs:; half-year, and the net result of the year’s
operations at Steelton shows a loss of $124,000.
“ The Maryland Steel Co.’s works at Sparrow’s Point have
been in operation since May. As this plant has been using
up a large stock pf high-priced ores, and has experienced the
usual difficulties with inefficient help incident to starting all
new enterprises of large magnitude, a loss for the year has
resulted. The plant has shown a decided improvement in
costs from month to month and it was operated at a profit.
“ The announcement was made that in January an alliancewas entered into with the largest producer of Cornwall pig
iron at Lebanon, Pa., under the terms of which a supply o f
pig iron is assured for the Steelton works at a price based on
the selling price of rails. This arrangement is a most import­
ant one, and gives the Pennsylvania Steel Co. the raw ma­
terial for producing rails at exceedingly low costs.
“ Owing to the increase in business, more capital is needed.
To secure this it was suggested that $300,000 Maryland SteeL
Company 5s and $500,000 Consolidated 6s be offered for sub­
scription to the stockholders conditional on at least 75 per
cent of the holdings of the consolidated bonds now issued
foregoing interest on the bonds on them for a period of 8
years from Sept. 1 next unless the same shall be earned.”
The same paper this week gave the following:
“ The company is in a good financial situation and its Jan­
uary operations showed a profit. It carries a cash balance
of more than $200 000 and nearly $l,00o,000 of bills receiv­
able. It has book account indebtedn'-ss and bills payable in
the course o f its business o f about $600,000; and to carry its
bills receivable, it borrows, upon collateral and against bills
receivable, about $600,000. It is doing to-day a business of

THE CHRONICLE.

A pril 2, 1898.]

663

$1,000,000 per month, and its tonnage is the largest in its his­
tory. This floating indebtedness cannot be considered ex­
cessive, considering the volume of business. A year ago
it was losing money, and doing only from two-thirds to three
fourths the present volume of business.
“ The year 1897 was remarkable for the lowest prices ever
known in the trade, and a very striking comparison between
the first and last halves of the year, as will be seen by the
follow ing figures:

owing to lack of funds. The coupon o f October, 1897, was
paid promptly on the Parkersburg branch bonds, b it on the
Philadelphia branch loan the payment was deferred and has
not yet been made. The present default therefore makes two
coupons in default on the Philadelphia Branch loan. The
right, however, to foreclose the mortgage evists after ninety
days’ default. The coupons of the $1,0)0 030 West Virginia
& Pittsburg bonds also went to default for the first time on
April 1.
EARNINGS, CHARGES, E T C ., IN 1897.
The receivers will pay on April 1 interest on the car float
certificates ; the loan o f 1853, extended from 1885, and on the
1st 6 mo*. 2d 6 mos. Total year
$302,111 $310,286
Profit on manufacturing.......................................... $8,175
Baltimore & Ohio equipment trust, series A. Interest that
Deduct—
was defaulted on April 1 amounts to $4>0,0)0. Tae pay­
Denreciation of materials................ 150,773
16,369
167 142
Add’ns to plant chg’d to costof m f’g 37,977
5,257
43*234 ments made amount to $41,110. An arrangement has been
Interest....................................................................... 107,728
116,830224,559
made to take care of the $100,009 of the principal of the
equipment trust which is due April 1.
Net balance...........................................................................loss$288,304 pf.$163,6541oss$l24,650
Parkersburg Branch Bonds—Protective Measures.—In view
“ In the above interest charges the interest on the floating of the default on the Parkersburg Branch bonds, J. P. Morgan
debt was $14,843 the first six months and $21,4*8 the second & Co. invite all holders of such bonds to deposit them
six months.
under a bond loldsrs’ agree meat, among the purposes
“ The difference between the first and the last half c f the of which are the enforcement of the lien of the mortgage in
year is as marked in production as it is in the above figures. case the default continues, and, if necessary, the reorganizaW e compare the figures as follows:
zation of the property covered by the mortgage for the bene­
.
First half.
Second h a lf
fit of the bondholders.—V. 6 >, p. 573.
-—a
Pig iron production:.............................. 41,000 tons
96,000 tons.
Bethlehem Iron Co.—Ldrge Order.—A press dispat jh from
Open hearth and Bessemer steel........ 103,000 “
156,000 “
The total production of steel for the year 1897 was 259,000 Bethlehem, Pa., March 26. says that the company has received
as compared with 200,000 tons in 1893. There was manufac­ an order from the United States for seven ten inch and six
tured during the year 110,000 tons of rails, against 69,000 tons twelve inch disappearing gun carriages, and five tea inch
guns, which makes fifteen ten inch guns to be delivered by
in 1896.
“ From the Sparrow’s Point works, about one-third of the Jaly J. The company’s works are running night and day on
material produced was exported^ The plant, however, was armor, guns and carriages.
operated at a loss with inexperienced employes, but each
Biughampton Gas W orks—Bingliampton Gas & Elec­
month showed- improvement and the January cost sheets tric.—Purchase.—New Company.^-Emerson McMillin & Co.
show a profit. —V. 66, p. 427.”
have purchased the entire capital stock of the Biaghamton (N.
Y ).G-as & Electric Company and will transfer tne property
Minnesota Iro n Company.
to a new corporation to be known as the Biaghamton Gas
fStatement fo r year 1897.J
Works. The new company will have the right to issue $750,A dividend of 1J£ per cent, payable April 15, has been de 000 of capital stock and will authorize an issue of $750,000 in
dared. This is the first dividend since that for the second 5 per cent forty-year bonds. There will be actually issued at
quarter of 1896. The Chicago “ Economist” says: This is the the organization of the company $450,000 stock and $451,000
time of year when the big contracts for ore are usually made, of the bonds. This issue of bonds will provide for shch im­
and it is fairly certain that the iron company’s output for mediate improvements as are necessary. The new securities
1898, based on the sales made this spring, will exceed last have been over-subscribed. The new company will begin
year’s output, which was the largest in the recent history of actual operation of the plant on May 10.
the company, exceeding that for 1896 by about 50 p 9r cent.
rooklyn Elevated RR.—Long Island R R .— Rapid Trans­
The following table shows the output of the company’s mines it B
from New York City to Ling B lind P oin ts—Receiver
in the last four years:
Uhlmann, of the Brooklyn Elevated R R., has been authorized
M in e s 1897.
1896.
1895.
1894.
Chandler............................... 438,365
471,546
605,024
558,050 by Justice Dickey to enter into a contract with the Long
Minnesota............................. 592,196
448,707
432,760
390,463 Island R R ., providing for the joint construction of a connect­
Auburn.................................. 175,263
131,478
376.970
108,210 ing line at East New York and the running of through trains
Canton..................................................
16,261
359,020
213,853 from the Brooklyn Bridge, via the Broadway line of the
Cloquet...................................
12,215
96,280
47,700
5,628
Fayal...................................... 642,939
248,645
136,601
. . . . . . . . Elevated Company to Rockaway Park and other stations on
the Rockaway branch of the Long Island road.
Norman............................... 101.077
77,523
93,392
38,999
Genoa..................................... 309,514
17,136
.......
The Long Island RR. Co. is authorized after this connec­
Total.......................... ..2,271,569 1,507,576 2,051,467 1,315,203 tion has been constructed to build another connection at the
The iron company owns the whole capital stock of the Du­ junction of Atlantic and Flatbush aveaues, between its sur­
luth & Iron Range RR. Company, and last fall that company face tracks and those of the elevated railroad, by which it
operate through trains from Atlantic Avenue to and
made arrangemmts to increase its capital stock from $3,090,- may
over the loop at the Brooklyn Bridge.
600 to $10,000,000, to provide new dock facilities, furnacesThe contract further provides that the elevated road will
trackage, etc., for the mines whose product it handles.—V,
not construct any extension or connection which will take
63, p. 601.
traffic from Jamaica or the points reached by the Long Isl­
and Railroad in that direction, except that a provision is
made that the parties may hereafter agree to construct a
G E N E R A L IN V E S T M E N T N E W S .
connection from the eastern end of the Myrtle Avenue route
Reorganizations, Etc.—Laic,si Data as lo Defaults, Reor­ of the Brooklyn with the North Shore Division of the Long
ganization Plans, Payment o f Overdue Coupons, Etc.—All Island, at their mutual expense.
facts of this nature appearing since the publication of the last
Under the contract the elevated road will continue to run
issues of the I nvestors’ and the Street R ailw ay S upple­ to Coney Island by the Culver route from the bridge. Dar­
ments may be readily found by means of the following index. ing the racing season cars are to tie operated over this route
This index does not include matter in to-day’s C hronicle. and over the lines of the Manhattan to Sheepshead Bay Race
A s to some smaller companies see also p. 572, issue of Mar. 19. Course*
Tuese contracts have been approved by a unanimous vote
R a i l r o a d s a n d M i s c e l . C o .’s.
R a i l r o a d s a n d M is . C o . (Con.y
Volume 66—
Page.
Volume 66—
Page. of the board of directors of the Elevated an 1 have also been
Adams Express... .official circular. 470 So. Atl. & Ohio.................. sale.575, 617
Addison & Pennsylvania........ sale. 573 Summit Branch RR............ r org. 575 approved by the reorganization committee, whi h holds
Amer. Steel & Wire consol, effected. 615 Union Pac......... payment of 1st 6s. 238 practically all the bonds and stock of the Brooklyn, the
Balt. & Ohio.. .Default, etc.. Mar. 1 470
do Morgan notes (cold, 6s of ’91.) 427
Central Ohio R R ..,,.. comp»«, paid. 470
do coll.for 6s of 1879 sold.238,385, 427 Union and the Seaside Elevated railroad companies.—Y. 68,
Centraiia & Chester__ recvs. ctfs. 573
do sale of coll, for tr. mort. of
p. 519, 520.
Central Washington RR
. .s lrl. 183
1883....... .............. 339,427, 617
Chicago R. I. & Pac.. refund. .235, 288
do final notice to stockholders__ 339
Chicago Great Western Railw ay Co.—Special Meeting o f
Col. & Hoot. C. & l.recv.discharged. 183
do new securitie listed.. .52», 617, 618
Col. Hock. V. & Tol....Mar. coupon,. 471
do payment of East. uiv. bonds. 621 Stockholders.—A special meeting of the stockholders will be
Col. Sand. & Hock..... revs, ctfs A ll, 573
do payment of Certs, for col. tr.
held on Jane 1, 1898, in Chicago for the purpose of voting
Cnmherl’d Telep. & Tel. Co. consol. «516
6sot 1879.......................... 521
Denver & Rio Grand&...rejundmg. 2.56
do new securities r ea d y.......... 617 upon the proposition:

Ensley Land Co..................... reorg -573
Creat Northern............ new bonds. 471
International Paper Cos.
conso1. 288
LakeS.&Mieh So. iead’gconsul.Z‘37. 288
Little Rock & Memphis..........sale. 47i
Memphis & Charleston__ sold..2il, 472
Musk. G-d. Rap. &Ind.coup., .void. 426
New Amsterdam Gas.r, ew secur,t’s. 616
N. Y. &E. R. Gas.consolidntion.3S7, 520
N-Y..Biscuit— plan underwritten. 237
N.Y.C. & H. R. .pending consol.237, 28N.Y. Susq.&W. RR. exch of stock. 574
No. Pac. Ry offer to General Firsts s, 337
Ogdensb. & Lake Champ........ sale. 574
■Oregon Improvement..assessments. 521
Pecos Val. RR........................ sale. 617
Penn.Hrtat.Lt.&Pow.pian effective. 384
Pec. & Ev . .deposit notice.. 184
Phil. Read. & N. E................. plan. 574
St. Louis Union Stock Yards...sale. 576

Union Pacific Lincoln & Colorado
Ry.... [7. P. offer accepted ..¡'So. 473
Wheeling & Lake Erie..Toledo Bdt
Coupo'-s paid...... ......................530
Wisconsin Central................reorg. 385
do
do — reorg notice. 530
do
do intervening suit. 575
St r e e t R

a il w a y s .

That, for the purpose of funding its indebtedness, paying for con­
structing, completing, improving and maintaining its Hues of railroad
and for other lawful purposes, the 4 per cent debenture stoek of the
company be inoreased from fifteen million to thirty millions of dollars,
divided into shares of $100 each, and that said stock shall in all
respects rank p a r i passu with the 4 per cent debenture stock now
issued and outstanding.

The following official explanation is given ; “ The object of
the meeting is to meet the requirements of the Illinois law in
carrying out the plan approved by the London meeting of the
debenture and preferred A stockholders, v iz .: to increase the
legal limit of the debenture stock. As was explained at the
London meeting, the vote to be taken at the Chicago meeting
is simply a preliminary legal requirement to creating a re­
serve of debenture stock, not for immediate use, but for the
B altim ore & Ohio R R .—Coupon Payments and Default, purpose of redeeming, at the discretion of the Finance Com­
- T h e receivers announce that the semi-annual interest due mittee, from time to time, as oppirtnnity offers, at or before
April 1 on the Philadelphia Division sterling loan and the maturity, any or all of the liabilities of the company which
Parkersburg Branch loan of 1879 will not be paid at maturity, are a charge prior to the 4 per cent debenture stock, and, with




Akron St. Ry. & 111....... recvs. ctfs.
Asbury Park & Belmar........... s dd.
Brooklyn Kl. RR.2d instal. of asses.
Cincinnati Inc. Plane.............. sole.
Denver City......................... reorg.
Lynchbug Electric................. sold.
New Orleans Tr.................... reorg.
Norfolk & Ocean View........... sale.
Park City( Bowling Green,Ky.)soM.
Syracuse East Side Rr..... default.

573
616
SK3
471
616
472
617
617
472
473

664

THE CHRONICLE.

the >app'oval Of the Finance Committee, for additions and
improvements to the property of the company, and for such
other lawful purposes as the board o f directors and a ma­
jority in amount of all the holders of the 4 per cent debenture
stock and 5 per cent preferred stock A collectively, in the
manner provided in the trust deed and contract, may from
time to time approve.
“ If this purpose is carried out, it is expected that it will not
only remove all charges prior to the debenture stock, but it
w ill result in a saving of about $75,000 per annum in interest
charges.
“ Attention is also called to the fact that the rights of the
debenture and preferred A stockholders are so carefully
guarded by the trust deed and contract, under which such
stocks are issued, that, notwithstanding the action of the
London meeting of last January and the affirmative action of
the proposed Chicago meeting, none of the debenture stock
can be issued except by further consent of the Finance Com­
mittee and a maj erity in amount of the present debenture
and preferred A stock. —V. 66, p. 335.
Chicago Rock Island & P acific R R .—Bonds Called.—The
company notifies the holders of its extension and collateral 5
per cent bonds of 1884 that it will redeem the entire issu9
at 1< 5 and interest at the office of the Central Trust Co. on
and a fb r April 30, 1898, interest ceasing that day.—V. 66,
p. 522, 425.
Cleveland City Ry.—Injunction as to D'vidend Dissolved.
—Recent dividends have been unpaid owing to an injunc­
tion. This injunction was dissolved March 24 and the ac­
crued dividends have all been paid.—V. 62, p. 363.
Columbia & M aryland R y.—Sold.—This property was sold
on Wednesday under foreclosure to Nicholas P. Bond. Presi­
dent of the Baltimore Security & Trading Co., for $450,000.
Th.9 purchasing company is the same that acquired control
of the property some months ago. The “ Baltimore Spn”
says : “ After the sale is ratified by the Court it is the pur­
pose of the Baltimore Security & Trading Co. to equip the
Washington lines with the underground electric system at
once. The next move will be to finish up the Baltimore
division as far as Catonsville. It is the ultimate plan to
complete this division as far as Ellicott City, and then to
take up the work of building through to Laurel and to a con­
nection with the Washington end of the road.” —Y. 66, p. 288.
Consolidated Traction Co. o f New Jersey—North Jersey
Traction Co.— Lease Approved.—The stockholders of the Con­
solidated Traction Co., at their annual meeting, it is under­
stood, acted favorably on the propose! lease o f their prop­
erty to the North Jersey Street Railway Co. All the finan
cial points involved, it is stated, have not been settled, b n 1; it
is expected they w ill be within a few days. As already an­
nounce i, this lease provides that the $15,v00,000 capital stock
of the Consolidated Traction Cp. shall be guaranteed a divi­
dend at the rate of 2 per cent per annum for the first year.
Thereafter the rate will gradually increase, until 4 per cent
is reached, at the end of eight years, and this will be the rate
during the remainder of the term for whicn the lease runs.
The North Jersey Company, which already controlled the
South Orange, Montclair, G-len Ridge and Caldwell lines,
will now operate the Jersey City, Newark, Orange, E izabeth
and Paterson lines, all of which are embraced in the Con
solidated Companv’s system. Tne new company, it is stated,
will issue $5,000,000 of capital stock. The “ Newark Daily
Advertiser” quotes President Young as saying:
The first work of the North Jersey Co. will be to push the proposed
extensions in the western part of hssex County, and especially to de­
velop the eastern part of Newark, where the residents are pleading
for more and better trolley service. We shall give the public a great
deal better service after we get things in working order.
The company carried 9 l.OOO.OOOpassengers last year, not including
the busiuess received from the South Orange Company’s lines. The
Consolidated Company got control of the Jersey City lines on .June i;
1893, and of the Newark lines on January 2, 1894, and during the
first twelve months delivered 15.000,000 people at the ferries. In the
year 1896 there were 30,000,000 passengers carried to the ferries.
‘ •These figures relate only to the passenges we delivered at the ferries,”
President Young said. “ The increase in the total number of passen­
gers carried on all of ou’1lines last year over that of our first year was
70 per cent. Since we began business we have expended $7,000,000
in extending and improving our lines.”

The interests ia whica the tw o companies are held are
identical, and it is therefore assumed that the officers of the
Consolidated Company, who were re-elected last Saturday,
w ill be the officers of the N trth Jersey Company. The
directors of the Consolidated Company elected Saturday are :
Edward F. C. Young, Peter A. B. Widener, Clement A. Griscom
Jeremiah O’ Rourke, George F. Perkins. William L. Eikins, Thomas
-Dolan, A.. H. Paget, JohuD . Crimmins, Alexander J. Cassatt, David
Young, Thomas F. Ryan, Abraham Q. Garretson, Elisha B. Gaddis,
B M. Shauley.

The officers re-elected are : E. F. C. Young, President;
E. B. Gadiis, First Vice-President; David Young, Second
Vice President; E. N. Hill, Treasurer ; Thomas J. George,
Secretary.—V. 66, p. 573.
East Wareham Onset Bay & P oin t Independence St. RR.
{^a,—Sole A prd 9.—This property is to be sold April 9 to sat­
isfy a claim in favor of W . F. Nye, of Fairhaven, for $2,100.
Hutchinson (K an.) W ater L ight & Pow er.—Beorganized
Without Foreclosure.—The reorganization committee, con­
sisting of J. W . Haiiitr, A. W . Goodell and David H. Biddle,
has successfully arranged a reorganization without fore
closure, and has taken possession of the property, the
receivers having been dismissed. Various improvements
have been effected, and by May 1, 1898, it is expectecLthat a




[V ol . LX V I.

new pump w ill be ready for operation. This pump, which
was used for a few years by the City of Washington, D. C.,
bu t was found too small, is capable of pumping 2,500,009
gallons every twenty-four hours. The total cost of the
pump and its foundation, etc., will be about $14,750. The
plant will then, it is believed, be one of the most comple ely
equipped to be found in any city of 10,('00 population in thiscountry.
The following facts are given regarding the
reorganization:
The committee, having succeeded in getting a cash settlement of the
city scrip on hand, issues the new securities without imposing upon
the bondholders any oasli assessment, but In lieu of that they credit
the first coupon from the new bonds with the sum of five dollors, leav­
ing only five dollars interest per bond to be paid July 1, 18 is. for the
reason that it is feared that tlie next three months’ business will not
produce sufficient cash surplus to pay in full the coupous falliug due
July 1, 1898, in addition to providing for $¿,500, balance of price of
new pump.
The following statement shows tbe new securities:
Capital stock, all in the name of A. W. Goodell andJ. W.
Hamer as trustees, until July 1 ,1 9 0 2 ........ ............... .$400,OOONew first mortgage 4% bonds, due Jan. 1,1928, but subject to
call at par and interest upon 60 days’ notice. Until_dissolu­
tion of the stock trust each bond will carry with it equita­
ble ownership of 160 per cent in the company s capital
stock.................................................... ....................................... . 25 0,00(>
.......... .
35 >ooo
Of which retained in Treasury, unissued..........
Outstanding, issued to retire $400,000 old bonds, for overdue
interest, etc.................................................................................. 2 o «rv?
Annual Interest charge.............................................. ............o.oOO
If the city Is able to make oash settlements hereafter, it is believed
that the Income of the property will pay full interest on the new
bouds, though should there be difficulty in collecting oash from the
city, the bondh olders must look forward to occasional delays upon
payment o f coupons, for the reason tha>t as yet the company’s income
from private consumers, exclusive of city payments, is not sufficient
to meet all charges.

The bondholders are requested to surrender, without delay,
their certificates (and scrip, if any), to Mr. George P. K im ­
ball, Registration Officer of The Fidelity Insurance, Trust &
Safe Deposit Company, 329 Chestnut Street, Philadelphia,
and to get from him the new securities in exchange.
John P. H olland Torpedo Boat Co.—Stock Increased.—
The company on March 22 certified to the Secretary of Stato
an increase of capital stock from $600,00J to $1.00 >,000. The
liabilities of the company are stated as $107,851, and the
amount of its capital stock paid in is $3Q0,000.
Kansas City Suburban B elt R R .- S t . Louis & San Fran­
cisco RR.—New Contract.— A contract has been closed with
the St Louis & San Francisco RR. for entrance of that road
into Kansas City by use of the Kansas City Suburban Belt
terminals in Kansas City. A line is now under con­
struction from a point on the St. Louis & San Francisco in
Southwest Missouri to Osceola, the present terminus of the
Kansas City Osceola & Southern. Oa the completion of this
connection the trains of the St. Louis & San Francisco, both
passenger and freight, will be run into Kansas City over th&
K. C. O. & S. and "the K. C. Sub. Belt RR , and the switch­
ing of the St Louis & S. F. cars will be handled by the Belt.—
V. 65, p. 1071; V. 66, p 289.
Lake Shore & M ichigan Southern R R.—Notice to Stock­
holders.—The Guaranty Trust Co. of New York will receive
the shares of the company on deposit up to and including
April 14, and will issue i s receipts therefor in accordance
with the circular of the New York C ental & Hudson R iver
R R. Co. of February 4.—V. 66, p. 616.
Long Island R R .—Another Street RR. Purchased —A t the
foreclosure sale recently of the Far Rockaway Village Street
Railroad the property was bought by the Long Island RR.
Co. for $10,( 00.
Agreement with Brooklyn Elevated.—The contract with the
Brooklyn Elevated providing for the running of through
trains to the Brooklyn Bridge is mentioned under the heading
“ Brooklyn Elevated R R .”—V. 66, p. 520.
M exican National R R .—Dividend on “ A ” Bonds.—A div­
idend of 3££ per cent on the second mortgage “ A ” bonds has
been declared, payable in this city on April 4th. The divi­
dend on the “ Matheson” certificates will be paid in London
early this month.—V. 64, p. 569.
New York Central & Hudson R iver RR.—M ichigan Cen­
tra l RR.—New York Chicago & St. Louis RR.—Mr. Depeur
to Become Chairman o f the Several Bo irds—Mr. Ca l iway
Succeeds Him as Piesident o f N. Y. Central—The following
announcement was made by Mr. Depew Wednesday evening:
“ To carry out the policy o f greater unity of administration
in the Vanderbilt system of railroads, the following adjust­
ment of the management will be made after the annual elec­
tion o f the New York Central & Hudson R 'ver Railroad’
Company:, which occurs on April 20: Chauecey M. Depew
will retire from the presidency of the New York Centr tl &■
Hudson River R R. Co. and become chairman of the boards
of directors of the New York Central & Hudson River, the
Lake Shore, the New York Chicago & St. Louis and the
Michigan Central railroads. S. R. Callaway will succeed
Mr. Depew as President of the New Y >rk Central & Hudson
River R R. Mr. Ledyard will remain President of the Michi­
gan Central.
“ The presidents of the Lake Shore and of the New York
Chicago & St. Louis have not yet been chosen Corm-lius
VanderbiP, in retiring from the chairmanship of the New
York < entral & Hudson River and of the Michigan Central,
and William K Vanderbilt in retiring from the chairman­
ship o f the Lake Shore and of the New York Chicago
St.,
Louis, will remain in the directorates amd continue theirinterest in the properties with which their^names have^beea

A pbil 2, 18t8.|

THE CHRONICLE.

« o long identified, and in which they have such large invest­
ments.”
The Vanderbilt system, it is stated, has heretofore been at
a disadvantage compared with lines which run through under
one management between New York and Chicago. The sev­
eral lines of the system have had no other union than that a
controlling ownership in the stock was held by the same
people. Officially they had no connection with one another
save that Cornelius Vanderbilt, being the chairman of the
board of directors of the New York Central and the M ichi­
gan Central, and William K. Vanderbilt, of the Lake Shore
and Nickel Plate boards, the harmonious and cordial rela­
tions of the two brothers was the bond of union.
Mr. Depew, in becoming chairman of the boards of direct-ors of the four roads, constitutes the single administrative
head of the Vanderbilt system. Through him as the general
chairman is secured a unity of administration and operation
in all that relates to the general traffic of the system as ex­
changed between the several lines. In all places and at all
times where one voice is needed to define and uphold the
united policy of the Vanderbilt lines, Mr. Depew will furnish
that voice. He will be the chief representative of the Van­
derbilt system in the Joint Traffic Association and in similar
organizations.
The Lake Shore, the Michigan Central and the Nickel
Plate, individually, will maintain the same connections they
have always had, because each line naturally does a great
deal of business with lines other than the New York Central,
but the New York Central under the new order ,of things
w ill be placed on an equality in the traffic associations and
in competition for through business with the Pennsylvania,
the Erie and the Baltimore & Ohio. On more than one o c ­
casion the Vanderbilt lines have been handicapped in joint
traffic matters because the presidents of the different lines
could not agree. The Lake Shore at times has voted one
way while the New York Central has voted another way.—
V. «6, p. 617, 337.
New York New Haven & Hartford R R.—Housatonic
R R .—Merger.—The formal merger of the Housatonic RR.
into the New York New Haven & Hartford was announced
on Tuesday, when a certificate to that effect was filed with
the Secretary of State at Hartford. The New Haven Com­
pany has owned for several years the greater part of the
stock of the Housatonic, but only now has succeeded in ob
taining the entire issue. The consolidation increases the lines
owned in fee by the New Haven Company by 80 miles and its
capital stock issue by $361,400. This stock, however, will
for the most part, if not entirely, go into the company’s
treasury, being there an available asset, which the stock of
the subsidiary road was not.
Change o f JSame.—The bill to allow the company to lease
the New England, as reported in the House at Boston on
Saturday last, contains the provision that after the lease
shall have been made the New York New Haven & Hartford
may adopt a name instead of its present name, subject to the
approval of the Secretary of State, who shall give notice of
the change by advertising it in a paper published in each
•county where the company operates a railroad. The purpose
■of the change of name is said to be to take a name which is
less cumbersome, yet which may cover the entire system as
it w ill be after the practical consolidation permitted in the
bill.—V . 66, p. 617.
New York Philadelphia & Norfolk R R.—Reorganiza­
tion.—Rudolph Ellis, H. W. Biddle and John Loyd of Philadel­
phia have been constituted a reorganiza ion committee for this
property. Securities must be deposited by May 14 with
Cassatt & Co. The committee’s plan contemplates foreclosure
and the formation o f a new company, capitalized at $4,000,■000, in shares of $50 each. The $1,714,375 of assented stock
will be assessed 15 per cent, and the non cumulative 6 per
cent income bonds 35 per cent. The new first mortgage will
secure $3,000,000 4 per cent bonds, of which $2,500,000 will be
issued for existing 6 per cent first lien bonds, with a bonus of
10 per cent in new 4s or in bond scrip. A new second mortgage
w ill be created to secure $10,000,000 4 per cent non-cumulative
income bonds. An underwriting syndicate will be formed
(1) to take all non-assenting stock and income bonds and to
pay the assessments thereon and to take at par all first mort­
gage 4 per cent bonds not exchanged for the present first
mortgage 6 per cent bonds, receiving the 10 per cent allow­
ance in case of such tak in g; (2) to advance the money re­
quired for the Norfolk terminals and the new steamboat,
receiving 5 per cent interest on such advances; (3) to purchose at par and accrued interest all first mortgage bonds
which may be offered for sale pending the carrying out of
the reorganization.
New York Susquehanna & Western RR.— Xot.ice to Stock­
holders.—Holders of over a maj >rity of the preferred stock
and common stock not theretofore held by the Erie Company
having accepted the offer of March 18 last to exchange such
stock on terms given, notice is now given by the Erie Rail­
road Co. that such offer will be terminated on April 11.
Holders of stock of the New York Susquehanna & Western
Railroad who wish to accept the exchange must deposit their
holdings with J. P. Morgan & Co.—V. 68, p. 574.
P eoria Decatur & Evansville Ry.—Interest Payment.—Six
months’ interest at the rate of 5 per cent per annum will be
paid on and after April 1-t next at the Central Trust Co. of
New York on presentation of the certificates representing
first mortgage bonds of both divisions o f the Peoria Decatur




665

& Evansville Ry. Co. deposited with said Trust Company.—
V. 66, p. 469.
Rapid Transit in New York City.— Ellsworth Bill Dead.—
The Ellsworth bill to remove the Rapid Transit Commission
failed to be reported and is dead, the Legislature having ad­
journed.
Contracts.—At the meeting of the Commission on Thurs­
day the Committee on Contracts reported that in view of the
great value of some of the franchises desired by the Manhat­
tan Ry. Co., the company should not be allowed to accept
such franchises separately, and that if any of the seven be
rejected the board should decide what changes are necessary
in the terms of the franchises to be accepted in view of the
unwillingness o f the company to undertake a more general
treatment of the problem. No vote was taken on the ques­
tion of granting the franchises, Mr. Coler not being prepared
to vote.
The form of contract for construction and operation of the
underground road has been sent to the Corporation Counsel
with the request that he examine and approve it as speedily
as possible.—V. 63, p. 575.
Saratoga Gas & E lectric Light.—Foreclosure Sale.—Jus­
tice Stover, at Amsterdam, has ordered the sale of this prop­
erty under foreclosure of the mortgage, of which the New
York Security & Trust Co. is trustee. The amount due for
principal and interest is placed at $280,000. This action is
stated to be for the purpose of clearing up the aff iirs of the
old company. The new corporation, the Saratoga Gas Elec­
tric Light & Power Co. is on a dividend paying basis, a divi­
dend of 2% Per cent having been paid Feb. 1, 1898.
Southern R y.—North Carolina R R .—Agreement Reached.
—The litigation over the lease of the North Carolina R R. to
the Southern Ry. has been settled, the Southern Ry. Co. pay­
ing the costs incurred by the State, and the Governor and
the board of directors of the North Carolina RR. agreeing
not to oppose the entry of the final decree in the United
States Court affirming the 99-year lease to the Southern. The
suits against the Southern instituted by the Governor and
other State officials for penalties for the issue o f passes and
other alleged offenses, and the criminal suits brought against
Southern officials on account of these suits for refusal to an­
swer questions have been dismissed. The agreement reached
settles all the contested questions between the Southern and
the State of North Carolina and its officials. The Railroad
Commissioners have rescinded the order which was to go into
effect April 1st reducing passenger rates.—Y. 66, p. 472.
South Jersey RR.—Sold.—At the sale on Tuesday the road
was sold to Robert P. Lindermau for $300,000. the only bid.
Mr. Linderman, who is president o f the Bethlehem Iron Co.,
represented the reorganization committee. The plan, which
was in the C h r o n ic l e of Jan. 15, page 135 (see alsipage 185),
has been adopted and w ill now be carried out.—V. 66. n. 473,
Union P acific RR. Co.—Equipment Trust Bonds, Series
B.—All of the above-named bonds due April 1, 1898, together
with the coupons thereon, will be paid on and after Friday,
April 1, 1898, on presentation at the office of the Union Pa­
cific Railroad Company, 120 Broadway, New York.
Payment o f Union Pacific Railway Eastern Division
Bonds.— Notice is given that the Union Pacific Railway
Eastern Division bonds dated Aug. 1, 1865, and the interest
coupons thereon will be paid “ with interest upon said bonds
to the date of such payment,” at the Mercantile Trust Co. of
New York, 120 Broadway, New York City, on April 25,1898.
No interest will accrue after-April 25. Some have thought it
strange that no mention is here made of the payment of
interest on the overdue interest, but the fact is the bonds
were due Aug. 1, 1895, and carry no overdue coupons except
such as their owners have failed to collect. No obligation,
therefore, exists to pay more than the interest which has >
accrued on the principal since the maturity of the loan.
Payment: o f Denver Extension Bonds.—John A. Stewart and
William Endicott, Jr., trustees for the Kansas Pacific Den­
ver Extension fir^t mortgage bonds, give notice that, by rea­
son of defaults since Nov. 1, 1894, in the payment o f interest
upon said bonds, a majority in interest of the holders have
declared that the principal of said bonds is now due and pay­
able. Payment of same and of all defaulted coupons with
interest amounting to a total of $1,261 97 will be made on
presentation at the office of the United States Trust Company
of New York.
Union Pacific Ry. Middle Division Bonds, Kansas Pacific.—
Payment o f Bonds on May 16.—Notice is given that all m ort­
gage bonds issued by the Union Pacific Railway Company,
Eastern Division, under the mortgage of June 1, 1868, and
the interest coupons upon such bonds, will be paid, with the
matured coupons thereon then outstanding, with interest
upon said bonds to the date of such payment, at the Mercan­
tile Trust Company of New York, No. 120 Broadway, New
York City, on the 16th day of May, 1898. No interest w ill
accrue after Mav 16.
Payment o f Collateral Trust 5.—The New England Trust
Co advertises that it is prepared to pay to holders of the
collateral trust 5 per cent bonds of 1883 the sum of $978 89
on account o f the principal of each of the said bonds and of
the interest thereon from June 1, 1897.—V. 66, p. 618.
West V irgin ia & P ittsburg Ry.— Default.—The coupons
due April 1st on the bonds of this companv remain unpaid.
The road was leased Jan. 1, 1890, to the Baltimore & Ohio
R R ., which guaranteed the. interest on the bonds.—V.i65, p.
'*'■ Hnf'i'mirfHlr J
‘ -•iVvOi ■- j J
'(JS-iiUjc. VJ*J\Ji3XX01
ir *,•&•»£.

THE CHRONICLE.

686

M EXICAN N A T IO N A L RAILROAD CO.
ELEVENTH ANNUAL REPORT—FOR THE YEAR
ENDING DECEMBER 31, 1897.
City of Mexico Office ,
P aseo de la R eforma.

N ew Y ork Office ,
N o. 6 W all Street .

M arch 1, 1898.
To the Stockholders and Bondholders:
The following report of the operation o f your property for
the year ending December 31st, 1897, is respectfully sub­
mitted by the Board of Directors:
STATEMENT OF EARNINGS FROM ALL SOURCES, AND DIS­
BURSEMENTS UPON ALL ACC >UNTS, FOR THE YEAR
ENDING DECEMBER 31ST, 1897.
Earnings from tlie operation of tbe road, in Mexican
currency...............................................................................$6,080,663 28
Cost of working the road....................................................... 3,094,425 36
Not over cost of working............................................... $2,986,237 92
$2,338,999 33

Equivalent in gold

From which deduct extraordinary repairs and
replacements, not properly chargeable to Capital
Account.
TT. S. Currency.

Replacement of rails.........................................$29,01190
Replacement of locom otives............................. 12,593 25
Replacement of bridges..................................... 18,540 33
Stations and warehouses....................................
810 43
Additions to tracks and right-of-way grounds.
752 16
Additions to shops............................................. 4,192 28
Increasing permanent water facilities..........
6,476 16
Change of line and gradient..... ....................... 42,080 00

114,456 51

Balance remaining.......................................................... $2,274,533 82

From which deduct the following general ex­
penses, not included in the cost of working the
roads:
Exps.,collection and distribution of subsidy.
$527 37
Expenses London Agency.............................
5,000 40
Exchange..................................$1,158,016 20
Less interest and discount
1,254 17
------------------ 1,156,792 03
Expenses in connection with settlement of
debts of old company..................................
130 48
Proportional charge on account of final
settlement of debts of old company........
10,000 00
Right-of-way plans fo.' Government...........
3,000 00
------------------ 1,175,450 28
Net over all expenses, renewals and replacements........ $1,099,033 54
Interest on Prior Lien Bonds for 1897...............................
680,7 20 00
Balance from year 1896...............................
Less 3 per cent dividend declared on “ A ”
bonds in 1897.............................................

$407,323 55

able to charge it out in annual installments through several
years. Following this plan, a charge o f $10,000 was made
against the income of 1897, which accounts for the item
“ Proportional charge on account of final settlement of debts
of old Company” covering that amount.
The item of $130 48 covers some small items o f expenses
that came up during the year. So far as it is possible to
know, all the claims against the old company for which this.
Company can by any possibility be liable are settled.
The Federal Government oí Mexico required of the Rail­
road Company, for file with the Department of Communica­
tions, full maps o f its line, showing location through country
and properties, alignment, gradients, etc. The charge of
$3,000 for “ Right-of-W ay Plans for Government” represents
the cost o f making these maps.
As stated in the last report, the construction work on the
Uruapan' Extension was begun early in the year. It was
confidently expected that by the end o f the year it would
be nearly, if not quite, completed. In this expectation we
have been entirely disappointed owing to the impossibility o f
securing labor—a difficulty never before encountered by the
Company in its works in Mexico. This cause of detention
is now largely overcome ; the work is progressing satisfac­
torily, and if the present forces can be maintained, a few
months will see the completion of the line.
*
A further knowledge of the country into which thisextension penetrates rather increases the estimates of its
value as a feeder.
As shown by the General Balance Sheet, there has been
expended upon construction up to date o f December 31st
$485,585 03, M exican. currency, and we have a loan account
against it with the Banco Nacional o f $250,000.
Mention has been made in several of the reports of pre­
vious years of the property in Mexico known as “ La Ciudalela.” This property was a donation from the Federal
Government, on condition that it be used for specific pur­
poses connected with the railroad company. It proved to
be impracticable to utilize it for these purposes, and, aside
from this, the title of the Government and its right to do­
nate the property to the railroad was in question by a third
party, and the land was in litigation.
A compromise has been made between the Government,,
the Railroad Company and the third party claiming superior
titles to those of the Government, by which the three inter­
ests are satisfied and the land disposed of. Naturally, under
existing conditions its full value could not accrue to your
Company, but of necessity had to be divided equitably
with the Government and the party claiming ownership.
The property constituted a part of the mortgaged estate,
and steps have been taken to secure its release, by the
Trustees, from the several mortgages. The amount accru­
ing to your Company from the sale w ill be re-invested under
the approval of the Trustees in a manner that w ill preserve
the security for the mortgages unimpaired.
OPE RATION.

$418,363 54

364,950 f 0
---------------------

42,373 55

Balance remaining in hand.............................. ..............

$460.737 09

[V o l . IiX Y Í]

The following statement gives a comparison o f the results
of operating with the year 1896 :
A lt D ivisions.

M exican C urrency.

Gross earnings......................................................................... $6,080,663 28
Gross earnings last year........................................................ 5,299,025 77

Your attention is invited to the Treasurer’s report [in pam­
Increase in gross earnings..................................'.......... $781,637 51
phlet] covering statements from I. to IX ., which make a
fuller exposition of the details of operation, and of the Com­ Cost of working tlie line.......................................
$3,094,425 36
pany’s financial position.
Cost of working tlie line last year............................
2,773,068 06
You are also referred to the statement under the head of
Increase in working expenses....................................... $321,357 30
Operation, which shows the specific uses that have been
made of the fund of $114,456 51 charged out under the head Expendituresfor betterments and additions to p operty. $143,070 64
o f Extraordinary Repairs and Replacements.
Expenditures for betterments and additions to property
last y e a r...........................................
156,586 37
It was stated in the last report that the increased charge
against Exchange, as compared with the previous year, was
Decrease..... .......................................................................
$13,515 73
due to the enlarged volume of business, which required in
creased purchases of foreign supplies payable in gold, and to Net over actual working expenses..................................... $2,986,23 7 92
the increased surplus earnings, which are converted into Net over actual working expenses last year.................... 2,525,957 71
gold. The cost of exchange for the year under review is
Increase in net over actual working expenses.......... *460,280 21
largely increased over that for the year 1896. and the same
causes may be assigned, together with the further cause of Percentage of gross earnings for working road...............
50 89
the lower price of silver.
Percentage of grossearnings for working road last year.
52-33
The litigation between your Company and the Mexican
Decrease
in
working
percentages.................................
l"44
National Construction Company concerning the settlement
o f the debts of the old Railway Company has been termi­ Number of mil s run by all revenue trains.......................
2,870,900
nated by paying the Construction Company’s claim as Number of miles run by all revenue trains last year.. . . .
2,529,212
adjudged by the Court, amounting to $109,384 76. It has
Percentage ot increase in mileage...............................
13-51
been stated in former reports, but it is well to again state,
that under the reorganization agreement $217,000 of the Gross earnings per revenue train m ile...............................
$2-1180
new capital was appropriated to settle the debts of the old Gross earnings per revenue train mile last j ea r. ........
2-0951
Railway Company, which sum was thought then to be
Percentage o f increase per mile run.............................
-0109the difference between the assets and the liabilities. This
amount, $217,000, was the estimated balance only, the total
Operating
expenses
per
revenue
train
mile—
...............
$1-0778
sums involved being much larger. Your company became the Operating expenses per revenue train mile last year---1-0965
custodian of this $217,000, and entered upon the liquidation of
Percentage of decreased expense per mile..................
01 7 1
the old Company’s accounts, collecting assets and paying lia­
bilities. The sum to the credit of this $217.000 fund on the ;
Net
earnings
per
revenue
train
m
ile....................
..............
$1-0402
books of the Company at the time the settlement was made i
-9987
with the Construction Company was not sufficient to meet Net earnings per revenue train mile last year..................
the payment by $54,253 94 U. S. C urrency; and after
Percentage of increase....................................................
-0416:
the settlement that sum was left as a debit against that
$4,989 92
account. Having no capital fund upon which to draw for Gross earnings per mile of road operated..........................
4,348 49
its liquidation, it had, o f necessity, to be taken from current Gross earnings per mile of road operated last y e a r..
revenue; and in order to avoid burdening the income of
Percentage of increase....... ................. .............. ..........
14-7S
any one year with the whole amount, it was thought advis-




A

p r il

2, 1898.]

THE CHRONICLE.
Mexican C urrency.

Operating expenses per mile of road operated.................
Operating expenses per mile o f road operated last year.

$2,539 35
2,275 64

Percentage of increase............, . . ................................ ..

11-59

Net earnings per mile of road operated............................
Net earnings per mile of road operated last y e a r ..........

$2,450 57
2,072 85

Percentage of increase........ ......................................... ,

18 22

A study of tables VIII. and IX. o f the Treasurer’s Report
[in the pamphlet] in connection with the above will assist
to a comprehensive understanding of the improvement that
has been gradually attained in the management o f the
property.
The following Is a detailed statement o f the uses that have
been made of thè fund charged out as expenditures for Ex­
traordinary Repairs and Replacements during the year 1897
Stations and, Warehouses.

M exican C urrency

PavingGolonia Yard ..............................................
Replacement o f R ails —
Purchase of 500 tons for Texas Division, less
credits from sale o f old rails..................... ....... $18,000 00
Purchase of 1,150 tons for Southern Division,
less credits from sale of old rails........... . ........ 18,264 87
-------------Replacem ent o f Bridges.

$1,013 04

36.264 87

21 small trestles replaced w 'th stone culverts,
or iron girders with masonry abutments, on
San Luis Division............................................... $2,670 48
Through pin, iron bridge, stone piers and abut­
ments, two spans 125 feet each, kilometer
1,017. replacing wooden trestles ................... 19,190 54
Two pairs 32 feet iron girders to replace wooden
stringers at kilometers 424 and 431, Morelia
Division ........................................... .
....... • 1,06140
Two pairs 17 feet 6 iucb iron girders to replace
wooden stringers at kilometres 424 and 431,
Morelia D ivision ............ ...................................
254 00
----------------

23,175 42

Purchase o f additional station grounds atlxtlahuaea.................. ...........................................
$635 20
Eight of way to No. 1 Smelter, M on terey......
305 00
---------------

940 20

R ight o f Way and Orounds.

Change in L in e and Gradient.

Work at Los Muerto < Canon, change of line,
including tunnel 25 41g meters, reducing cur­
vature, removing line from encroachment of
stream, shortening line 846 meters, and avoid­
ing crossing of one stream ...............................
Additions to Shops—
Additional shop tools ............................................
Replacement o f Locomotives.
Payment of 1897' purchase notes for engines
bought in 1890 and 1892...................................
Increasing Perm tnent Water Facilities.
New well and iron tank, stone foundation, kil­
ometer 350.................................................. ........ $2,403 75
New well and iron tank, stone foundation, kil­
ometer 360, Morelia Division............................ 1,700 00
New iron tank, stone foundation, kilometer 390,
Morelia Division............. .................................... 1,189 86
New iron tank, stone foundation, San Miguel.. 1,700 00
Digging well at kilometer 890............................. 1,101 59
------------Total Extraordinary Expenditures...............

The General Superintendent, writing with regard to these
statements from his office, says :
“ In connection with these statements I have to say that
you will find no change in Passenger or Engine equipment.
“ W e have 2.356 freight cars at the end o f 1897, as com ­
pared with 2,350 freight cars at the end of 1896, or a net in I crease of six cars. Please note that we have increased the
40.000- lb. capacity cars 28, against a reduction of 22 of the
24.000- lb. capacity cars, whilst maintaining the same num­
ber of 30,000-lb. capacity. In addition to this we have
changed 68 coal cars and 42 flat cars, making a total of 110 (all
of which were 40,000-lb. capacity) into box cars of 40,000-lb.
capacity. This change was necessary to meet the demand of
traffic, and an expense of $18,000 ha&heen incurred therefor.
From the above you will note jthat we have more than
maintained the carrying capacity and value of our freight
equipment.
“ Our equipment, taken as a whole, is in fair condition.”
The increased traffic has pressed our rolling stock to the
utmost, and the change o f the coal and platform cars into
box cars was resorted to in order to supply at once cars of
the class greatly needed, at the expense of the class upon
which the demand was light. More cars and engines is a
positive necessity to carry the traffic promising for the com ­
ing year, and arrangements are being made to secure them
TRAFFIC.

52,600 00
5,240 35
15,74155

8,095 20
$143,070 64

The above is Mexican currency, which, reduced at the
arbitrary rates, gives $114,456 51 in U. S. currency, as stated
on the first page of this report
Independently of the expenditure o f the above sums, the
whole property has been thoroughly well maintained with
the expenditures charged out direct to operating. The
money expended and charged out for repairs and replace­
ments naturally has directly improved the value o f the road
and added to the safety and economy of operation, as it has
in almost every case replaced temporary structures with
permanent ones, or made needed additions to property. It is
to the expenditure of these sums for extraordinary repairs
and replacements that credit may be given for whatever
improvements may have been made in operating the road,
both as regards safety and financial results, and no thought
should be entertained of materially decreasing them for
some years to come, unless the way can be found to provide
capital for taking care of this very essential work.
It has been constantly sought to apply the money that
could be diverted from revenue and devoted to extraordinary
repairs and replacements directly to the strengthening of
the line in its weakest points, and to provide those facilities
that more immediately contribute to the increase o f revenue
or the decrease of expenses; but it has not been possible- to
spare such money fast enough to anticipate in all cases de­
mands arriving from these causes. In 1896 the break in the
line at Los Muertos River caused a suspension of traffic for
many days, and in September o f the i ast year high water in
the Lerma River broke the restraining dykes at Acambaro
and put the track many feet under water, interfering with
traffic for a week or more. Steps are now being taken to
permanently protect the line against danger at this point by
making some changes in location of line, and carrying the
track on a higher grade. This will cost from $15,000 to $20,000. These examples are cited not so much because of their
importance over other needs, but as a plea fpr the justifica
tion for continuing liberal expenditures upon these extraor­
dinary accounts in the interest of -safety and true economy.
The statement of the Company’s rolling stock, from the
General Superindent’s office, published herewith, gives the
details of changes that have taken place. The stock has
been well maintained, and all expenditures upon it have
been charged direct to operating, and have been amply
sufficient to cover all losses and deterioration.
‘




667

Competitive traffic during the year has been conducted
under the Agreement reinstating the Mexican Traffic Asso­
ciation, which was. reached just prior to the close of 1896.
The operation of this agreement has been far from satisfac­
tory to the management of this Company, for the reason
that under it the method and the power has been found to
authorize and enable our associates in council, and compet­
itors in traffic, having water line connections with the inter­
ior United States Territory, from whence most of our foreign
traffic comes, to carry freight from common points in the
United States to common points in Mexico at a rate lower
than the rate permitted to this Company. The differences
i against us have been modified for the year 1898, but under
its operation for 1897 the benefits expected from the main­
tenance of higher rates which the agreement made possible
and, in fact, accomplished, are neutralized by the loss o f
tonnage in favor of the other lines. The modification se­
cured in the readjustment for 1898 is only a modification,
not a remedy of the evil; nor can thorough justice and
equity obtain till all lines can and do exact the same price
for carrying the same class and quantity o f goods between
the same points.
The volume and revenue of our local traffic of every class
has increased to a gratifying extent, and from this source
has come all the improvement to our earnings ; the foreign
traffic, as before stated, having so fallen off in volume that
the revenues therefrom, notwithstanding the higher average
rate maintained throughout the year, have not materially
exceeded the income from the same sources last year ; and if
the abnormal traffic in corn be taken into account it has
fallen off.
The local traffic of a line is a reliable index o f the state of
trade and commerce of the country it serves, and is the foun­
dation upon which the prosperity of every line is built.
Seeing that from this source we are drawing our most im ­
portant revenue, and that it has uniformly increased year
by year since the opening o f the line, much satisfaction m ay
be taken in the stability which is thus assured of the Com­
pany’s present position, and much encouragement as to the
promise it gives of future progress and prosperity.
The express traffic has increased year by year, from
$129,151 in 1890 to $305,015 59 in 1897.
FIRST MORTGAGE BONDS AND SUBSIDY.

The usual statement of the Trustees of the Subsidy show­
ing the money collected and its application are published
herewith.
The following gives the number of bonds which have beert
drawn up to the close of 1897 :
Drawn lor redemption i-i 1891............................................ $319,000 00“
“
“ 1892...........................................
305,000 00
“
“
«
“ 1893.........................................
298,000 00
“
“
“
“ 1 8 95............................................
46,000 00
“
“
“
“ 1896.............................................
119.00 * 00
“
“
“
“ 1897.............................................
216,000 OO
$1,203,000 OO
Paid and canceled up to the close of 1896.$1,072,000 00
Paid and canceled during 1897................. .
119,000 00
-------------------- 1,191,000 0 0
Leaving yet to be paid and canceled

$12,000 OO

Your Company has suffered the misfortune of losing its
General Freight and Passenger Agent, Mr. Benjamin W .
Thacher, who died in the City of Mexico on 13th Sept., 1897.
Mr. Thacher began service with the old Railway Company
about the time of, or soon after, its organization, and con­
tinued in your service after the reorganization of the old
Company, serving in several positions, and always with
credit to himself and profit to the Company. He was a man
of high integrity of character, and unfailing in his loyalty
to your Company’s interests.
Respectfully submitted,
W . G. RAOUL,
President.
E3P“ .4 comparative statement o f earnings, expenses, chargesr
etc , will be found on page 661.

THE CHRONICLE.

668

LVol. LXVI,
C O T T O N .

COMMERCIAL

T h e Movem ent

EPITOME.

op the

F r i d a y N i g h t , April 1, 1898,
C r o p , as indicated by our telegrams

from the South to-night, is given below. For the week ending
this evening the total receipts have reached 86,450 bales,
against 101,706 bales last week and 145,794 bales the previous
The varying reports relative to the strained relations exist, week, making the total receipts since the 1st o f Sept., 1897,
in g between Spain and the United States have been the all- 8,003,348 bales, against 6,311,114 bales for the same period o f
absorbing topic of the week. They have had a material 1896-7, showing an increase since Sep.l,1897,of 1,692,234 bales.
Tues.
Wed. Thurs.
influence npon general business, contracting operations in
Fri.
Mon.
lo ia l.
Receipts at—
Sat.
the speculative markets and interfering with general trade. Galveston........ 3,032 2,544 3,477 1,743 2,849 1,160 14,805
The disposition has been shown by merchants, as a rule, to
273
........
........
118
......
391
Tex. City, &o. . . . . . .
hold back from making new ventures, awaiting the positive New Orleans... 5,807 3,751 5,845 6,776 7,468 4.115 33,762
670 1,669
281
787 1,062 1,396
5,885
outcom e of the situation. Aside, however, from the M o b ile ...........
........
........
........
........
........
Florida........
......
disturbing influence c f the political relations, developments Savannah........
908 2,926 1,023
9,890
949 1,646 2,438
have generally been o f a favorable nature for trade, the more
2,747
488
3,235
724
716
194
noteworthy of which has been the continued large import Charleston......
185
3^446
549 1,078
88
88
movement of gold, the favorable prospects for the next crops
252
176
445
566
334
1,921
151
and the advices received from the interior showing no serious Wilmington....
9
9
damage from overflows following the breakiug-up of winter ; Norfolk............
302
302
228
473
391
2,094
398
. but these facts have been largely lost sight of as a result of
478
478
227
660
320
75
371
2,376
the general uneasiness existing over the political situation.
723
New Y ork.......
545
994 1,063
293
5,916
Lard on the spot has had only a moderate sale but prices Boston............. 1,528 1,523
794
791
have advanced in response to stronger advices from the
109
304
85
716
1,327
113
Philadel’ a, &c..
West,closing firm at 5-37^c. for prime Western and 5-10c. for
prime city. Refined lard has been firmer but quiet, closing Tot. this week 14,037 13,072 15,735 12,361 20,936 10,309 86,150
The following shows the week’s total receipts,the total since
at 5 ROc. for refined for the Continent. Speculation in lard
for future delivery has been moderately active and prices Sept. 1,1897, and the stock to-night, compared with last year.
have advanced on buying by packers. Receipts of swine
Stock.
1896-97.
1897-98.
have been only moderate. The close was firm.
Receipts to
F r i d a y N i g h t , April 1, 1898.

A p ril 1.

D A IL Y CLOSING PRICES OP LA R D F U T U R E S .

Sat.

Mon.

Tues.

Wed.

Thurs.

F ri.

5-35
5-45
5‘45
5-25
5-30
Uay delivery.............. o. 5 2 5
Pork has had a fair sale and prices have held steady, clos­
ing at $9 50@$9 75 for mess, $L1 25@111 75 for family and
$10 50@$11 75 for short clear. Cut meats have been quiet and
easier, but the close was steady at 5%@6c. for pickled bellies,
12@10 lbs. average; 43^@4?£c. for pickled shoulders, and 7 ^
<®7i£c. for pickled hams. Beef has been in moderate demand
and firm, closing at$9@$9 50 for mess, $9 50@$1<* 50 for packet,
$i0 50@$tl 50 for family and $16@$L7 for extra India mess.
Tallow has been dull and easier, closing at 3%c. for prime
city. Ole-ostearine has been easier, closing at 4^@ 4% c.
Lard stearine has been quiet at 6}^c. for prime City. Cotton­
seed oil has teen quiet but steady at 22^c. for prime yellow.
Butter has been in fair demand and firm at 14@ Oc. for
creamery. Cheese has been quiet but steady at 6@83^c. for
State factory full cream. Fresh eggs have been quiet but
about steady at 10@103^c. for choice Western.
Brazil grades of coffee have advanced; offerings from
primal markets have been less free and demand has been
more active. The close was firm at 6c. for Rio No. 7 on the
spot. The mild grades have been in full supply, while the
demand has been only limited; still, as sellers have shown no
disposition to hurry business, values have been fairly well
maintained, closing at 8%c. for good Cucuta. The East
India growths have had only a small jobbing sale, but values
have held to a steady basis at 24c. for standard Java. Specu
latipn in the market for contracts has been only moderately
active, although there has been some buying for investment
account, stimulated by stronger advices from primal markets
and a slight falling off in the crop movement. Following are
final asking prices:
April.................. 5‘35o. I July................... 5 ’50o.
O ct................... 5-70c.
M a y ................. 5-40o. j A u g .................. 5-55o.
Nov.................... 5-75c.
J u n e .................. 5-45o.l
Sept....... 5 65o. D eo................ 5-fOc.

Raw sugars have hada more active sale and at higher
prices, closing firm at 4J^c. for centrifugals, 96 deg. test, and
3j^c. for muscovado, 89 deg. test. Refined sugar has been in
active demand, and prices have been advanced l-16@J^c.
The close was firm at 5 ^ c. for granulated. Molasses aud
syiups have been firm and quiet, with only limited offerings.
Rice has been firm. Spices and teas have been quiet.
Kentucky tobacco has been quiet but steady. Seed leaf to ­
bacco has sold slowly but values have held steady. Sales for
the week were 1,340 cases as follow s: 700 cases, 1896 crop,
Wisconsin Havana, llj^ @ 1 2 ^ c .; 140 cases, 1896 crop, New
England Havana, 18@40c.; 75 cases, 1896 crop, flats 15@l7c.;
2n0 cases, 1893-95 crops, Pennsylvania seed leaf, 12%(d>13c.;
75 cases, 1895 crop, Pennsylvania Havana, 12c., and 150 cases
sundries, f@16c.; also 850 bales Havana at 50c.@$l 10 in
bond, and liO bales Sumatra at $1@1 70 in bond.
Straits tin has had only a moderate sale, but the tone of
the market has held steady and prices have been unchanged
at 14-40(3)14-50c. Ingot copper has been in fair export de­
mand .and firm, closing at 12c. for Lake. Lead has weak
ened slightly, but the close was steady at 3*70c. for domes
tic. Spelter has been steady at 4 30@4-35c. for domestic. Pig
iron has been unchanged at $9 75@12 00,
Refined petroleum has been steady, closing at 5*75c. in
bbls., 3 25c. in bulk and 6-403. in cases; naphtha quiet at
5 -50c. Crude certificates have been neglected, credit bal
ances have been steady at 77c. Spirits turpentine has
been quiet but steady at 32>^(333c. Rosins have been un
■changed at $1 4 2 ^ @ l 45. W ool has b*wu steadv^H ops have
been quiet and unchanged




This
week.

Since Sep.

1,1897.

This
week.

Since Sep.

1,1896.

Galveston... 14,805 1,844,659 10,256 1,304,110
742 107,751
391
89,631
Tex. C.,&e.
New Orleans 33,762 2,455,599 17,067 1,938,800
2,067 275,878
5,885 344.313
Mobile........
108,110
80,172
2.497
9,890 1,123,310
5.689 793,400
Savannah...
6,418 152,679
3,235 249,818
Br’ wick,&o.
1,113 382,297
3,446 454,683
Charleston..
65,722
75,376
88
286 232,367
1,924 310,707
Wilmington.
9
2
853
1,248
2,094 521,111
3,477 673,477
Norfolk.......
19,995
15,863
108
478
N’port N.,&c
92,413
47,806
1,358
2,376
New York...
5,946 177,108
1,960 146,265
Boston........
57,506
794
66,518
542
Baltimore. .
36,168
1,327
68,519
675
Philadel. &c.
Totals.......

88,450 8,003,348

54,237 6,311,114

1898.

1897.

372,821
28,231

66,135
3,753
238,199
22,317

61,486
14,071
29,356

43,458
323
30,329

13,053

12,239

43,021
1,660
190,763
40,000
24,737
9,975

19,016
239,973
13,500
12,430
5,435

905,916

707,142

76,738

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

1898.

1896.

1895.

1894.

1893.

Galves’n,&o.
New Orleans
Mobile.........
Savannah...
Ohas’ton, &o.
Wilm’ton, &c
Norfolk.......
N. News, &o.
All others...

15,196
33,762
5,885
9,890
3,534
1,933
2,094
478
13,678

10,998
17,067
2,067
5,669
1,113
288
3,477
108
13,450

13,095
20,639
1,777
7,955
1,882
1,172
5,188
674
7,820

17,165
46,606
2,192
13,122
2,601
2,511
5,291
5,234
22,045

5,537
16.242
2,289
7,868
5,867
743
3,584
2,930
9,219

6,037
17,872
1,116
7,045
2,525
1,116
6,943
1,773
7,142

Tot. this wk.

86,450

54,237

60,202

116,767

54,279

51,569

1897.

Since Sept. 1 8003.348 6311,114 4822,914 7343,785 5222,23 5 4618.136

The exports for the week ending this evening reach a total
of 164,135 bales, of which 74,644 were to Great Britain, 1.4^6
to France and 87,9*5 to the rest of the Continent. Below
are the exports for the week and since Sept. 1, 1897.
Exports
from —

From Sept. 1,1897, to Apr. 1,1898.
Week Endino Apr. 1, 1898.
Exported to—
Exported to—
Great France Conti­
Conti­ Total
Great I
Total.
France
nent.
nent. Week. Britain.
Brit'n.
26,861 42,002
118
118
37,881 77,739
4,636 4,636

Galveston...... 16,U l
Tex. City, &c..
New Orleans.. 39,658
Pensacola.......
Savannah.......
Brunsw ick....
C harleston....
Port R oyal—
W ilm ington...
Norfolk...........
N’ port N., &c..
New York......
B oston ...........
B altim ore....
Philadelphia..
San Eran., &c

5,050

5,051

1,983

1,983

1,000
636
3,692
9,862
4,8 j9
716

1,496

1,000
536
7,095 12,283
9,892
2,146 6.955
716
1,225 1,225

716,443 282,007 407,064 1.405,514
8,976
20,338
29,314
879,579 382,163 650,657 1,892,399
62,256 197,731
135,476
35,182 103,108
67,976
568,647
33,547
674,992
73,798
72,229 212,532
140,303
83,489
213,774 297,263
57.972
8,500
66,472
176,967 284,523
108.556
24,527
67,246
81,773
20<
719
11,539
12,488
245,28 ) 43,652 187,151 476,183
225,862
4,649 230,531
89,* 28 167,339
75,073 2,631,450
14,172
12,722
4,660
105,436 110,086

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

74,¡844

1,496 87,995 164.135 2,905,< 7< 723,207 2,628,143 6,256,420

Total, 1890-97.

44,141

9,330 ! 32,001 185.475 giOM6(614 618 581

5.141.287

A pril 2, 1S98.J

THE CHRONICLE.

In addition to above exports, our telegrams to-night
give us the following amounts o f cotton on shipboard, not
not
meared,, at the ports named. W e add similar figures for
AT* nil P Qnooi'a 1 Hern Ktt

669

T he Sales and P rices of F utures at New York are
shown in the following comprehensive table.
”9
►
i
OmccP’ QltiDD®
CCg
fe
Qrçocg.
S» B
a
8$
03.&S* ÖS6?*»
SB ®
¡>3__
5‘aC.fi'
£g
© ® OD ®
©
®
P
® ô ® ©I
®
©®
p* ®o ä
© ®
C
*®
m
p,
’S
jr
e*®
®
»
c*®
®
»
tr®
®
P
*
P oo- * P OH m fff-” » P ® * vd P »'V M P o r* fiD qaog.
S+„O®
® «•e g >
P uj o '<
•SO
o' 0*S oçKyn <**3 o^
•
oe
: sos*
P 2 : s.gt*
I-Ì “
S£© *
© er i SE?* S E E s • —•; ©
: ni y i 2 : ^ . 4. p*
H
Ü
fia ••
P
• *to
•
8*
r
g
:
K
)
! S: ' :■ «b .: w
a
p : o
®®
»- :• »p3; .0co 04
.
I
®
® •K.
®. •
E
2

ON SHIPBOARD, NOT CLEARED FOR—
A p r il 1 at

New Orleans...

Great
Other
Britain. France. Foreign

Galveston........
Savannah........
Charleston..
M obile___
Norfolk..........
New York........
Other p o rts....

25.320
3.340
None.
None.
6.000
3,800
3,500
17,000

15,042 23,117
4,386
3,437
None. 10,000
None.
7.000
4.000
None.
None.
None.
3.150
None 15,000

Total 1898.:.

58.969

19,428

Total 1897...
Total 1896...

22,944
26.286

Coast­
wise.

L eaving
stock.

Total.

3 854
4,205
None.
1.000

67,333
15,368
10.000
8,000
10.000

None.
None.

6.650
32,000

395,488
61,370
51.486
21.356
18.231
23,720
184.118
71,496

69,204 21,059

168,651

737,265

10,360 53,295
8,970
8,538 53.731 11.995

95.569
100.5 O

611,573
454.029

Ot ! ïrèu M

« gif-©8>
00 I os ** ®
'to M
* o©
O
<<C&Q*
O * AO

rC
w “ uu fui lu m ie ueuvery nas oeen quiet
6 cou.rse of prices has depended largely on the nature
+ Si® varying rumors which have been in circulation relative
to the political situation. Sympathy with the course o f values in the stock market has also been an important factor.
Saturday there was a steadier market on a demand from locai
shorts to cover contracts. Monday there was a fairly sharp
upward turn to prices on moderate buying, largely
for W all Street account, stimulated by an easier feellnf ?7eJ . the political situation and in sympathy with
a decided improvement in the financial markets. Tuesday the
market weakened slightly under limited selling by local
operators, prompted by less reassuring advices from Washington relative to the
Spanish-American
situation.
Wednesday the market again turned
stronger, renectirg a sharp upward turn to values in the stock
market and an easier feeling over the political re­
lations which p-ompted a demand from shorts to cover
contracts. Liverpool advices came better than expected,
and there was moderate buying for Liverpool account, as
foreign operators were undoing straddles. Thursday prices
weakened slightly, a3 the political news was of a less favor­
able nature and the tendency in the stock market was towards a lower basis. To-day the market was firmer during
early Change, in response to stronger advices from Liver­
pool and buying for Liverpool account. Subsequently, how­
ever, there was a decline under liquidation by longs,
prompted by the uneasiness over the political situation. Thè
close was steady at a decline of 1 a 3 points for the day. The
spot market has been firmer and prices advanced l-16c. on
Monday and Tuesday. The close was quiet at 6 3-l6c. for
middling uplands.
On the basis o f the rates on and off middling as established
by the Revision Committee, the prices for a few of the
grades would be as follows:
UPLANDS.

STAINED.

Sat.

J I0 n T u e s W e d TH .

51,6
57s
6 “! 6
69x6
7

5%
5%
53x6
515le 515i6
6%
7 ,»

F r i.
~
5 he
§?16
6 7,p
'>AAie o A1ie S, 16
718
718
7%

Sat.

M on T u es W ed T h .

F r i.

47. „
5%
52 iSi
6i|it

4%
5 lt1(
529.^
6%

0%

Low Middling___
M id d lin g .........
Strict Middling..........................
Good Middling Tinged !"

4%
4916
511,6
52932 Sfasi
6%
6 ',

49,6
5.43
63,«

îo 16

5^32
63 6

The quotations for middling upland at New York on
April 1 for each of the past 32 years have been as follows.
1 8 9 8 ____ c , 6 i

1 8 9 0 ..
..0.117.01 8 8 2 ....0.121«
1874....0.17
1889......... 1 0 -X, 186 L...... 10nie 1873........ 20
1888......... lOi&xe 1880....... 13
1872........
23%
1 8 9 5 ............. f ì 7. a
1887......... 105s
1879....... 103g
1871........ 15%
1 8 9 4 ............. 7 %
1886........ 93,o 1878....... 105g
1870........ 2;i%
1 8 9 3 ............. 85g
1855.. ....1 1 ^
1877........115a
1869........ 28%
1 8 92 . .
. . . . ( E l i1884.........
o
I l 7,« 1876....... 13 38
1868........ 28
1891. .
.... 9
1883.........10ij| 1875........165g
1867........ 30
N ote . On Oct. 1,1874, grades of cotton as quoted were changed
According to the new classification Middling was on that day quoted
%c. lower than Middling of the old classification.
MARKET AND SALES.
«

1897.......; 75,«
1896........ 7 7s

The total sales o f cotton on the spot and for future deliverj
each day during the week are indicated in the following
statement. For the convenience of the reader we also add
a column which shows at a glance how the market closed
SPOT MARKET
CLOSED.

E x­

Sat’day..
Monday.
Tuesday
Wed’da.v
Th'day..
Friday.,

D ull............ .
Quiet at 1,6 ad.,
stea d y. . . . . . ..
Quiet at i lb dec.
O m et,___
Q u iet................

. Total;.




300
300
400

1,000

Oon- Spec- C on ­
9 u m p . u l’ t'n tract.

620

Total.

300
300
620
400
615
400

w
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* Includes s a cs in e*eptem'>erf for 8ept*u»iber, 84.900; September"
October, for Ootober, 375,200; September-Novernber, for November»
318.100: September December, for December. 1.181 400; September"
•L^unttry, for Jauuary, 3,9/9,600; September-February, for February»

The following exchanges have been made dur'n ►the week:

SALES OP SPOT AND CONTRACT.
p o r t.

Tir?

O»

odqchH

Tir?

38,201
5-98

GULF.

O.
©t Q
OD© ha CDoÔu-iÔ
gooo®
P (ÿWg 80 Ql^eP> WÖ
“£*_g®
05O *<
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• ¿ o - • ¿C P ,
CO
W
o*o. ► ©ICJI
©® •< ob x 93
0000^®

cô®ob
00» ® CO
to CC»-» CO tC H
w
te SO t-t
erw ^ Cjtot
o>cjt
«f tf 5 Ot« %
té® of «¿io
OD»
œon
t»-i af
0000
►*03 'S
T ®
o
I9
I fti5;
i a 0r0“
oo
0
3
CPSfOOi OiWOOi tntuo at oiOiOOi Wü<ocn WCJtOW
’~
’ ~ ‘ tôœ®«ô obœ®cô
WÊ M®
tc«ô®ob
m ooj»
top
gì tato
g, KKO «Q

H o n T u e s W e d T h . F r i.
n"r “ 4 77—
41816 47q
415lfl
47g
5|g
51.16 5U, 6
5%
5%
5%
fit,.
»•'i18 6 3lo 6 3ie
t>°!8 6%
0716 e ’ ,e b7.e
6%
67g
6 »X6 613x 67a
678

Good O rdin a ry......
Low Middling........
M id d lin g ....;......... ..............
Good Middling...
Middling Fair ..

on
°«

i I

Sat.

Good O rdinary.,..,
Low Middling ...
M iddling.... .. .
Good Middling__
Middling. Fair .

Ol

g?0
®
p Q) ** 03
o* co5*
^ GO*
‘ c ®
03

S ales o f
F u tu res .

62,700
156.500
101.309
92,500
74,900
101,000

2Ï5

40Ó
400

835 ; f5-4*K

8OO 2.635 ¡ 588 900

11 pd. t.oexeb. 1,0 O M ayforJan
•0 pd. to e x ch .' 00 Moh. for July.
•01 x»u. to exoh. 1 oO Nov. tot Deo.
•04 pd. to exch. 300 Mcb. for M *y.
04 pd. to exch. 200 Apr. for May.
•03 pd. to exch. 200 June for July.
•10 pd. to exoh. 400 Moh. for July.
•12 pd. to exoh. 100 Moh. lor Aug.

0 4 pd. to exch. 500 Oof. for Aug.
•«•9 pd. to exch. lo o Apr. for Oct.
0 4 pd. to exoh. 300 J .iy for Jan.
•04 pd. to exch. 100 May for Oct.
•08 pd. to exch. 600 M ,y for Aug.
•03 pd to exch. 200 Nov f ir Jan.
•06 pd. to exch. 109 M <v f ir Jqiy.
•ol pd. to exch. 500 Aug for Jan.

T he V isible Supply of Cotton tonight, as made up by
cable and telegraph is as follows. Continental stocks, as well
as those for Great Britain and the afloqt are this week’s re-

670

THE CHRONICLE,

fVoL. LXV1

turns and consequently all European figures are brought down
to Thursday evening. Bat to make the total the complete
figures for to night (Apr. 1), we add the item of exports from
the United States including in it the exports of Friday only.

all the towns have been 13,308 bales more than the same
week last year, and since Sept, l they are 1,530,774 bales m ore
than for the same time in 1896-97.

1808
1897
1806
1895.
Stock at L iverpool...... bales. 1,186,000 1,281,000 1,121,000 1,731,000
Stock at London......................
3,000
6,000
9,000
7,000
Total Great Britain stock. 1,189,000 ]1,287,000 1L,130,000 1L,738,000
Stock at Hamburg....... ....... .
9,000
25,000
19,000
26,000
Stock at Bremen________. . . . .
359,000 188,000 256,000 345,000
Stock at Amsterdam___ . . . .
2,000
19,000
9,000
6,000
400
Stock at Rotterdam ................
200
300
200
Stock at Antwerp....................
9,000
12,000
12,000
14,000
Stock at H a v re ............. .
299,000 225,000 288,000 494,000
4,000
5,000
Stock at Marseilles.................
5,000
7,000
88,000
86,000
Stock at Barcelona.................
70,000
81,000
31,000
42,000
Stock at Genoa................... .
4 6,000
79,000
13,000
3,000
Stock at Trieste.......................
11,000
26,000
Total Continental stocks.. 802.400 582,300 786,200 1.043,200
Total European stocks— 1,991,400 1,869,300 1,916,200 2,781.200
India ootton afloat for Europe
81,000 131,000 159,000
55,000
Amer.ootton afloat for Europe
511,000 296,000 303,000 380,000
Egypt, Brazil,&o.,aflt. for E’ pe
25,000 31,000
22,000
21,000
Stock in United States p o r ts .
905,916 707,142 555,379 872,926
Stock in U. 8. interior towns..
400,170 259,050 293,982 275.916
United States exports to-day.
31.116 15,628
37,288
22,343
Total visible supplì ........ 3,915,602 3,309,120 3,236,8 T Î4,403,385
O ftbeabove, totals o i American and other descriptions are as follou s:
A m erican —
Liverpool stock, -....b a le s . 1,082,0001,147,000 961,0001,607,000
Continental stocks.................. 769,000 516,000 687,000 959,000
American afloat for Europe.. 511,000
296.000 303,000 380,000
905 916 707,142 555,379 872,926
United States stock.......... .
United States interior stocks. 400,170 259,050 293,982 275,916
United States exports to-day. 31,116
15,628
37,288
22,343
Total American.......... .
3.699.202 2,940,820 2,837,649 4,117,185
East In d ia n , B ra zil , <te.—
Liverpool stock....................... 104.00C 134,000 160,000 124.000
London stock............................
3,000
6,000
9,000
7,000
Continental stocks..................
33.400
66,300
99,200
84.200
India afloat for Europe..........
81.000 131,000 159,000
55,000
25.000
31,000
22,000
21,000
Egypt, Brazil, &o., afloat.......
Total East India, A c ...... 246,400 368,300 449,200 291,200
Total Am erican................ 3.699.202 2,940,820 2,837,649 4.117,185
Total visible supply
3,945,602 3,309,120 3.286.8Ï9 4,408,385
Middling Upland, Liverpool..
37, fed.
4d.
4i3?2d.
338(1.
Middling Upland, New York.
631 go.
7Bl«C.
77gC.
6 itec.
EgyptCooa Brown, Liverpool
4 lad.
638).
5^4d.
64id.
Peruv. Rough Good, Liverpool
6 7sd.
5381.
63,6d.
65ud.
Broach Fine, Liverpool..........
371 «6,
4d.
4isd.
37] 6d,
Tinnevelly Good, Liverpool..
37ifed.
4d.
43ied.
3 )31.

Below are closing quotations o f middling cotton at Southern
and other principal cotton markets for each day o f the w eek,

Imports into Continental ports past week 178,000 hales.
The above figures indicate an increase m che cotton in sighi
to-night of 636,482 bales as compared with the same dat*
o f 1897, a gain of 658,753 bales over the corresponding date
o f 1896 and a decrease of 462,783 bales from 1895.

Q u o t a t io n s

for

Mid d l in g C o t t o n

at

O t h e r M a r k e t s .—

CLOSING QUOTATIONS P O E M ID DLING COTTON ON

Week ending
A p r il 1.

Satur.

Galveston. .
New Orleans
M obile........
Savannah. .
Charleston..
Wilmington.
Norfolk.......
Boston........
Baltimore...
Philadelphia
Augusta......
YIemphis___
St. Louis___
Houston___
Cincinnati..
Louisville...

55g
5716
5916
59,6
50a
5$i
5%
6h6
6
65i e
5131(J
503
559
5^8
5%
5l3le

Mon.

Tuet.

Wednet.

Thurt.

Fn

5%
59,6
559
59,e
59,6
53t
513,6
608
6
67,6
57e
5*2
539
539
5%
511,6

5%
59,6
5U,6
59,,
59,6
5%
513,8
0 *16
6
67,8
579
5*2
539
511,6
5%
511,6

53t

511,6
503
539 •
5»ia
59,e
5%
5%
6%
6
639
578
513
5!%
539
5%
511x6

55s
513
5*16
5318
513
5^
5%
6L«
6
63g
5i3m®79
512
5*9
559
5%
513,6

5%
59,6
59,6
5%
513,6
63,0
6
67,6
513,6
512
559
511,8
5%
511,6

The closing quotations to-day (Friday) at other importat t
Southern markets were as follows.
Athens............57g-15ie Columbus, Miss 5M I N ashville. . . . . . 5)3
Eufaula......... 5^8
N atchez... . . . . 53s
Atlanta...........
5%
Charlotte . . . . . .
Columbus. Ga.

5%
5*8

5316

Little R o o k ....
Montgomery...

R aleigh. . . . . . . .
Shreveport.......

54t

5*3
5^

R e c e ip t s f r o m t h e P l a n t a t io n s .— The follow ing table
indicates the actual movementeach 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.
Week
Ending—
Feb. 2 5 ....
Mch. 4 ..,..
“
11...
“
18......
“
2 5 ....
April 1

Receipts at the Ports. St'k at Interior Towns. Rec’p tsfrom Piant’w ,
18t»8.
188.474
150,717
150 221
145,794
101,706
88.4501

1897.

1896.

81,395
95,280
79,931
65.459
61,032
54.2S7

95,659
85,286
71,518
69,i8('
76,237
60.202

1898.

1897.

1896.

1898.

1897.

1896.

511,24';
488,884
459 13«
439,812
424,19'
4' 0.170

374,238
350,127
323,319
SOI;139
•¿76,594
259.050

410,983
384,268
362.634
334.181
316.494
293,182

182,953
128,314
120,513
126,500
86,059
62,426

56,728
71,155
53,123
43,279
36,487
36,693

68,155
58,571
49,884
41,009
53,548
37.690

The above statement shows: 1.—That the total receipt s
from the plantations since Sept. 1,1897, are 8,358,442 bales: in
1896 97 were 6,449,570 bales; in 1895-96 were 5,084,198 bales,
2.—That although the receipts at the outports the past week
A t t h e I n t e r io r T o w n s the movement—that is the receipt s were 86,450 bales, the actual movement from plantations was
for the week and since September 1, the shipments for tie 62,425 bales, the balance being taken from stock? at interior
week and the stocks to-night, and the same items for the towns. Last year receipts from the plantstions for the week
corresponding period o f 1896-97—is set out in detail below.
were 36,693 bales and for 1896 they w ire 37,690 bales.
hdliooö2 JEäi!Ofo0 3 'K;<i2 ;f
Ov e r la n d Movem en t

g ^s »hS(Pt a° ®n ! S ra £ 5 , * 8>S-85i
H
R e ft
»
B k S ® 8 ,2 .5 t ^ S k o >
■ P ig
B J ig 'S O Ï . B

? f S yga
-

a? *

55- f

Ii s;s
8 0 0 G$
■
¡>;O »•>2*
I „2
-ft W
» o : :„
wo! o 3
2
r1
•
hB
KM,
MM
;■ ;» ¡»
as; ; 2 : ; ; ;

$
s
O
;50-P

.” 32 •
. „
**
Q
ti £ o2
M
53W
; ;

► >
w b
W ►
s 5»

Ci*-*

05 K)

5
5 E
F oaI; E

Week.
Shipped—

GO

»-*

COto

sc
0
<4

M

ODXtO^O:COH-»COtOtOlOCDQOGCCOOrO*C7l 0<J05CJiOOOXCOOO(XK>tO
x ^ w^ h oo
co c: to <1co goco
m
m o &c o x V b a V

£

o tobs cob«bs o ro x ÿt ofeb ii

Via St. L ouis.............................
Via Cairo........................ ........
Via P arker.......... ......................
Via Rock island____. . . . . . . . . . .
Via L ou isville.............. . . . ___
Via Cincinnati..........................
Via other routes, <Stc.................
Total gross overland............

Deduct shipm ents—

<yio:Ciaxi»-‘
Äxo<iroüio*»cco>~*x<v^c<oxif--^QoxK)Ocx
H^<JOOlOtOt-‘ OWCOy*Oy,COfcOC^CH*QOCiXMHChXbOb3H‘ QCÜH>OCÖ
•tì

m

tOtO^tOtOOOMrf^COM^O^KJtOOOOicOtOMtwCO^tOCCM—COrf^MtO
C
^ CO00V*X X H*CO054- COX
C H*C tCÜi«si© X O
U»SD » 8 S
CCiMOiOfH-OlOCnrf-rOCBtvr^OtOC^UCVCOtO^OC^COC^^OM

tu ■
C5M«-*•-* t-1 tO
ä
M
; f
m w p p p ^ WjOpp COM •a
<3QoViaiQO‘-‘ ' o GO* bobiblico b:
^^05 04^05 05^--H*CO4^05
o» -vi to m rfAto ; H- cp; 05XC005tOaiQDOOMXMC0MÜt^C005)-*Cw00
O ce MQOcOGO. 05X• CAP-‘ iM05C0tô05Ü»05^Jt0tw0505QC4^^ïrf^GCC0<l
M

JOJOMCOp ; to

M

00

C
0O
0

S in c e S e p t , 1.—

7,462
10,127
562
2.042
2,718
3,770
3.042

Since
Sept. 1

767,630
334,905
29,497
44,H4t
108,559
128,419
131,830

29,723 1,543,786

1896-97.
Week.

9.235
3,250
396
163
1.235
4,! 60
2,018

Since
Sept. 1.

470,032
246,028
35,080
13,3f 0
122.676
127,222
99,381

20,457 1,093,769
287,745
3,914
33,673

Overland to N. Y,, Boston, &e
Between interior towns...........
Inland, &e., from South............

10,443
1,951
1,555

404.55R
23,347
34,273

4,535
236
3,645

Total to be deduoted.......... . .

13,949

462,178

8.416

325,332

12 041

768,437

Leaving total net overland*.

15,774 1,081,603
* Including movement by rail to Canada.

The foregoing shows that the week’s net overland movemei t
this year has been 15,774 bales, against 12,041 bales for the
week in 1897, and that for the season to date the aggregate nt t
overland exhibits an increase over a year ago of 813,171 bale?.
0
<s
«3

In Sight an d Spinners^
Takings.

$

«
's

Receipts at ports to Apr. 1........
Sot overland to Apr. 1............. .
iouthern consumption to A p r.l..
Total m arketed...................

1897

CO 00
5M
to O»
<1
M
M
to
MCDM1-4COto a to
M
COt-i
M 00 g ÿ
to M
CO MG
0
C c
0»0»OC0» Oi COX3:O
iO
iO
i
0 a COi a OO
0 MOto
COto r-*to COOiX#^Olw
00 CO^4 c 00(X)CO CO 0a a COa 0 COto
îto
tfu M
to M
yO
i hO
M
to
b0 0»toC
1X
0 OiOi
to cnXXOleate -4 JN-ÿ
to toCO0»•sjOiwÜ
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y
»
Oo\ 0 a M0 »t-X 00 totooooa Oi H1»
Mto uo0»to h-*toccCOto C
01
erXCCMX
y
U to X MOiX
vj
C
»<
»000t-i —
OiCOC
Or a>O
*O
»0CJI0
oriO'.■
M00 -dO
Ï10XX
XcOicto OitoN3OiX cc
c >&
Oi
iCOto
COC
O
O
*
*
4
C
O
to
C
O
C
O
O
iO
'
^4-■*COCOCCto toto Ü0XOUcco<1
C
O
^
4C
O
0
O
£
£> ■
1
M CCto
to
M
<1 |A
COM
0
P
ys C
00M*•0
OOi CJ»wOiMCO0to«tc
a 0 0 © K!
OtoCOto IOto to
00 MCOMCO<r.G
< c Mto X co» to ÜPÂ'ÏS
W 01 0 CO c fit c 0« a 0
01 a Oi
to COOiCOc 0 CD0 0 •si0*to CO0 0 X c toa»4s X 0 «CO^4 •si HCOC01 1
kKl
to
00 «IMI; Ì3
Ifu£-© #*S3Ci O
's Sg
Mo>tooo^s? ir
î-, to »3esm7<5m*• ImVo'ìo'Ju.'ìs'ìji œ œ co ooo o
o t o c CïooMtoai: cj>oo hoo>m. c i-1m*oo-J-i o si to ooooo o it»-«0os
*1m,|v:<JiU.CC»CH Q-.CCnC00©>CO'O'-JlE>*‘-a>m-i-3>E>l>3lfrO'©
* Bast year’ s flgures are for Columbia, 8. C.

The above totals show that the interior stocks have
decreased during the week 24,033 bales, and are to-night 141,120
bales more than at the same period last year. The receipts at




eek and

1897-98.

ooxa tosiWjc pip co to 4*
x

W

A p ril 1.

HMbOCO
4^03 ^ <f tO<1 » '
^3^0503
COXt-‘<y»CC'Oa>CC<IIOC:COCO<lA3^o:<JOo:fcocox)ooQCrfA
«4CS*‘IOOtOiOtf».K3*“*tC‘-X •
W3
c^tf^iH*co5^aoïQo^i^05onccoo:»--tooifcOM

o do i x

for the

We give below a statement showing the overland movement
for the week and since Sept. 1, as made up from telegraphic
reports Friday night. The results for the week ending
Apr. 1 and since Sept. 1 in the last two years are as follows.

Came into sight during week.
Total In sight Apr. 1..............

1897-98.
Week.

Since
Sept. 1

86,450 9,003,348
15,774 1,031,608
21,000 678,000

1896-97.
Week.

Since
Sept. T.

54,237 6,311,114
12,041 768,437
17,000 620,000

123,224 9,762,956 83,278 7,699,551
*24,025 355,094 *17,544 138,456
99,199

65,734
10118050

7,838,007

North’» spinnerstak’ gs to Apr. 1.. 47,969 1,933,320 34,523 1,426,543
* Decrease during week.

It w ill be seen by the above that there has come into sigh t
during the week 99,199 bales, against 65,735 bales for the
same week o f 1897, and that the increase in amount in sight
fco-night as c< mpared with last year is 2,280,043 bales.

A pril 2, 1828.J

THE CHRONICLE.

671

W eather R eports by T elegraph .—Reports to us by tel­ dredths. The thermometer has averaged 57, ranging from
egraph from the South this evening denote that rain has 49 to 65.
Wilson, North Carolina.—There has been rain on tw o days
fallen in most sections during the week, and that generally of the past week, the rainfall reaching one inch and thirtyit has been o f benefit through putting soil in better shape for five hundredths. The thermometer has ranged from 44 to
planting operations, which are progressing well as a rule. 78, averaging 58.
Ch« folio wing statement we have also received by telegraph,
The report of the Commissioner of Agriculture of Alabama showing the height o f the rivers at the points named at
issued to-day indicates that sales of fertilizers have been 3 o’clock March 31, 1898, and April 1, 1897.
slightly greater this season than last season.
Mch. 31, ’ 98. A p r . 1, '97.
Galveston, Texas.—There has been rain on four days of the
Feet.
Feet.
week, the precipitation reaching oue inch and twenty-eight New Orleans........ .......Above zero o f gauge.
17*4
12-9
36-4
32 9
hundredths. Average thermometer 60, highest 75 and low ­ Memphis............. ........ Above zero of gauge.
15*8
2
4
0
STashviHe............. ....... Above zero of gauge.
est 46. March rainfall four inches and ten hundredths.
19 6
10-5
........ Above zero of gauge.
Palestine, Texas.—There has been rain on three days dur­ Shreveport..........
49-4
38‘5
Vioksburg............ ........ Above zero o f gauge
ing the week, the rainfall reaching one inch and twenty-four
I
ndia
C
otton
M
ovement
from
all
P
orts
.—The
receipts
hundredths. The thermometer has averaged 58, the highest
being 80 and the lowest 36. The rainfall during the month of cotton at Bombay and the shipments from all India ports
for the week ending Mch. 31, and for the season from Sept. 1
of March reached two inches and twenty hundredths.
Corpus Christi, Texas.—The week's rainfall has been sixteen to March 31 for three years have been as follows:
hundredths of an inch on four days. The thermometer has
1895-96.
1896-97.
1897-98.
averaged 61, ranging from 44 to 78. March rainfall two
Receipts at—
Since
Since
inches and seventy hundredths.
Week.
Week.
Sept. 1.
Week,
s e p tl.
Sept. 1.
San Antonio, Texas.—There has been rain on three days of
the past week, the rainfall reaching one inch and forty hun­ Bombay.......... 71,000* 821,000 62,000 976.000 83,000 1.380,000
dredths. Minimum temperature 40.
Since September 1.
F or the Week.
New Orleans, Louisiana.—We have had rain on three days
Exports
of the week, to the extent of sixty-three hundredths of an
C onti­
Great
Great
Oonti.
from —
Total.
inch. Average thermometer 65.
nent.
B ritain.
B ritain, nent.
*»«**•
Shreveport, Louisiana.—Telegram not received.
Columbus, Mississippi— It has rained on four days during Bombay—
144.000
142.000
2,000
12,000
12,000
1897-98..
the week to the extent of two inches and ninety-seven hun­
333.000
317.000
16,000
17.000 17.000
189697..
454.000
408.000
46.000
1895- 96.. 7,000 30.000 37.000
dredths. The thermometer has averaged 62, ranging from
40 to 86. Month’s rainfall six inches and thirty-five hun­ Calcutta—
12,000
10,000
2,000
189798..
dredths.
31.000
26,000
5.000
3,0C0
3,000
189697..
27.000
23.000
4.000
Leland, Mississippi.—It has rained on three days during
1895- 96..
Madras—
the past week, the rainfall being one inch and eighteen hun­
7,000
9,000
2.000
189798..
dredths. The thermometer has ranged from 36 to 78, averag­
20.000
14.000
6,000
189697..
25.000
11.000
14.000
ing 49T.
1895- 96..
Vicksburg. Mississippi.— W e have had rain on three days All others—
34.000
24.000
30.000
189798..
o f the past week, the rainfall reaching two inches and seventy67.000
50.000
17.000
2,000
2,000
189697..
seven hundredths. Average thermometer 55, highest 83 and
48.000
30.000
18.000
1895 96..
lowest 43.
Total
all—
Little Rock, Arkansas — W e have had rain on three days of
199.000
183.000
16,000
12,000 12,000
189798..
the week, to the extent of thirty-two hundredths of an inch.
451.000
407.000
44.000
22,000 22,000
1896-97
472.000
554.000
82.000
The thermometer has averaged 51, the highest being 77 and
7,000 30,000 3 7,000
1895-96..
the lowest 34.
According to the foregoing Bombay appears to show a
Helena, A rkansas—Planting is piogressing well, but pick increase compared with last year in the week’s receipts o f
ing of the last crop is not all completed ytt. It has rained on 9,000 bales. Exports from all India ports record a loss
three days of the week, the rainfall being one inch and twen of 10,000 bales during the week, and sines September 1 show
ty-five hundredths. The thermometer has averaged 51,
ranging from 37 to 73. During the month of March the pre­ a decrease of 252,000 bales.
A lexandria R eceipts and Shipments of Cotton.—
cipitation reached three inches and sixty-six hundredths, on
Through arrangements we made with Messrs. Davis, Benachi
eight days.
Memphis, Tennessee.—Farm work is active. The river is & Co., of Liverpool and Alexandria, we now receive a weekly
now thirty-three and five-tenths feet on the gauge and rising. cable of the movements of cotton at Alexandria, Egypt. The
It will probably go to thirty-five feet. We have had rain on following are the receipts and shipments for the past week
two days, the rainfall being one inch and twenty six hun­ and for the corresponding week of the previous tw o years.
dredths. The thermometer has ranged from 34 6 to 77 8,
A lexandria, E gypt,
1895-96.
1896-97.
1897-98.
averaging 52 6.
M arch 30.
Nashville, Tennessee.—Rain has fallen during the week to
(cantars*)___
the extent of two inches and four hundredths. The ther­ Keoeipts
40,000
80,000
105,000
This week........
mometer has averaged 53, the highest being 72 and the
5,091,000
5,406,000
6,258,000
Since Sept. 1.............
lowest 35.
This
Since
Since
This
Since
This
Mobile, Alabama.—W e have had rain on three days of the
week. Sept. 1.
week. Sept. 1.
week. Sept. 1.
week, the rainfall reaching seventy-eight hundredths of an
inch. Beneficial rains in the interior. Average thermome­ Exports (bales)—
6,000 290,000 6,000 281,000 5.000 291.000
To Liverpool. . . . . . .
ter 44, highest 77 and lowest 64. The month’s rainfall was
7,000 301,000 5,000 274,000 4.000 256.000
To Oontinentt. . . . . .
one inch and ninety hundredths.
Total Europe....... 13,000 591,000 11,000 555,000 9,000 547,000
Montgomery, Alabama.—The Alabama Commissioner of
Agriculture reports to day that from October 1 to date the
* A eantaris 98 pounds.
,
,
, __
t Of which to \ m eric» in 1897-98,38,017 bales; in 1896-97, 43,477
sales of fertilizer tags reached 1,193,206, against 1,174,472 for
the same period last season, or an increase of 18,734. It has bales; in 1895-96, 48,091 bales.
This statement shows that the receipts for the week ending
rained on three days of the week, to the extent of one inch
and seven hundredths. The rain did much good. The ther Mch. 30 were 105,000 cantars and the shipments to all Europe
mometer has averaged 62, ranging from 40 to 79. March 13,000 bales.
Manchester Market .—Our report received by cable
rainfall two inches and five hundredths.
Selma, Alabama.—It has rained on three days of the week, to-night from Manchester states f hat the mar Ret is firm
the rainfall reaching one inch and sixty-tbree hundredths. for both yarns and shirtings. The demand foe foreign
markets is improving. W e give the prices for to-day below
The thermometer has ranged from 39 to 81, averaging 62.
Madison, Florida.—Planting will begin as soon as we have and leave those for previous weeks of this and last year for
sufficient rain. Rain has fallen on one day during the week comparison.
to the extent of fifteen hundredths of an inch. Average
1897.
1898.
thermometer 75, highest 88 and lowest 58.
Savannah, Georqia.—There has been no rain during the
81
* lbs. Shirt­ Ootrn
8 k lbs. Shirt-i Oott’n
32« Cop. in gs, common I Mid. 32« Cop. in gs, common M id .
week. The thermometer has averaged 67, ranging from 54
Twist.
Twist.
to fin est.
TTplds
to fin est.
TTplds
to 79.
Augusta, Georgia.—There has been rain on two days of the
d.
d.
d. s.
d.
d.
d.
d.
d.
4
OI9 ®6 6
past week, the rainfall being sixty-one hundredths of an inch. Fb.25 5% ® 6 l3 le
®6
3716 6 3 ia ®7h3
329sa
1 ®6 7
Mch 4 513x6—6*3^
3710 6 % ® 7 3 16
®6
The thermometer has ranged from 47 to 79, averaging 63.
0^36 7
338 6 % ® 7 3 ,a
11 534 ■®63j
31516
®6
Charleston, South Carolina.—Rain has fallen on four days “ 18
0h>®6 7
3 1 Ì32 65i0 ®73ie
®6
5*iie®6% ¡4
331 38
of the week, to the extent of one hundredth of an inch. A v­ ** 25 5®a ®6% 4 2 ®6
3516 !63 s ® 7 3 16
OI3 ®6 7
371W 630 ® 7 3 ,a
4
0i«®6 7
Apr. 15% W6% 14 2i«®6
erage thermometer 65, highest 75 and lowest 53.
Stateburg, South Carolina.—Cotton-planting has been com­
Commercial I nterest in N orth China and the R ussian
menced. The weather turned quite cool on Thursday. The
week’s rainfall has been sixty-four hundredths of an inch, on T rans-A tlantic R ailw ay .—Our special Manchester corres­
one day. The thermometer has averaged 62-5, the highest pondent contributes to day an article in which he refers to
being 80 and the lowest 43. During the month of March the the effect the opening up of that vast country and the con­
rainfall reached two inches and seventy-one hundredths.
Greenwood, South Carolina.—It has rained on tw o days of struction of new railroads in Manchuria i3 likely to have
the week, the precipitation reaching one inch and ten hun­ upon the exports of American cotton goods to China,




672

THE CHRONICLE.

Sea I s l a n d C o t t o n M o v e m e n t .— We have received this
(Friday) evening by telegraph from the various ports the
details of the Sea Island cotton movement for the week, Tbe
receipts for the week ending to-night (April 1) and since
Sept, 1, 1897, the stocks to-night, and the same items for the
corresponding periods o f 1896-97, are as follow s.
1897-98.
Receipt» to AprU 1.

1896-97.

Stock

Thit Since This
Since
week. Sept. 1. week. Sept. 1. 1898.

1897.

Savannah. . . . . . . . . . . . . . . .
Charleston, &o....... .
Florida, Ad. . . . . . . . . . . . . . .

70 56,380
12
9,758
6,698

223 82,247 14 285 13,143
10 10,333 3,618 2,391
463 5,579
6,696
98

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

82 72,836

336 99,276 18,366 21,113

[Vol, LXVI.

new t o r s

.

This
S in e*
w eek. S e p t.i.
12,753
3,047
Savann’h &c 1,232
M ob ile........
Florida........
88
N. Orleans...

V irginia. . . .
North, ports
Tenn., & c...
Foreign.......
T otal........

300

310,316
2S0,)00
259,218
5,002
49,251
11,558
65,715
4,051
92,413
11,800

B o sto n .

T h it
Since
S ep t. 1. week.

.......
2,160

70,772
IO2’ 190

Sine*
Sept. 1.

....... .
1,315

45,05»

....
.......

85,470
2,000
9,946
5,988
2,039

95,810
145,198
171,162
34,211

20,391 1,089,784 22,133

705,496

2,376
593

PHILADKLFH’A Baltimore .

tHncs
This
T h is
week. S ep t. 3. w eek.

795

644
6,767
67,192

795

74,603

3,000

137,389

876
......

65,724

5,191

248,172

The «xports for the week ending this evening reach a total L&styear.... 11.628 918,186 6,054 499,974 1 381 48,808 8,053 216,698
of 1,093 bales, of which 978 bales were to Great Britain, 115
J ute B utts, B agging , & c.—There has been practically
to France and — to Reval, and the amount forwarded to
Northern mills has been 406 bales Below are the exports nothing doing in jute bagging since our last report and prices
are nominal at 4%c. for
lbs., 5c. for 2 lbs. and 5j^c* for
for the week and since September 1 in 1897-98 and 1896-97
lbs. The market for jute butts has been dull. Quota­
fo r
Week Ending Apr. 1. Since Sept. 1,1897. North’n M itt, tions are nominally *75 $ •?7)^e. for paper quality,
Export»
miving and 1^3. for spinning cuttings, to arrive.
Great Fr’nce
Sino
Great Fr’nce
from—
From Messrs. Ira A. Kip & Co.’s circular we ascertain that
Total. Week. SepU
Brit’n. Ac. Total. Brit’n. < & C ,
the deliveries of jute butts and rejections at New York and
Savannah...
12,205 3,234 15,439
206 20,384 Boston during March were 64,404 bales, against 30,794 bales
Oharl’t’n.&o
4,529
4,529
200 1,443 for the same month last year, and for the three months since
Florida, Ao.
1,725
1,725
6,498
January 1 the deliveries have been 145,155 bales, against
New Y ork..
**115 ” 115 5,561 3,804 9,365
B oston........ ’ *353
353 1,593
1,593
82,39) bales last year. Importers and speculators at New
Balt., & o....
625
625
625
200
825
York and Boston on March 31 held 1,000 bales, against no
Total........
115 1,093 26,238 7,238 33,476
406 28,395 stock at the corresponding date in 1897; and the amount
978
afloat for the United States reaches 151,795 bales, against
Total 1896-7 1,151
225 1,376 38,523 8,967 47,490
427 33,645 159,836 bales last year.
Quotations April 1 at Savannah, for Floridas, common,
Shipping News .—As shown on a previous page, the
8^£c.; medium tine, 9%c.; choice, 18c.
Charleston, Caroiinas. medium fine, 15 to 15%o.: fine, 17c.; exports of cotton from the United States the past week have
reached 164,135 bales. The shipments in detail, as made up
fully fine, 19 to 20o.; extra fine, 26 to 33c.
Cotton Consumption and Overland Movement to A pr . 1. from mail and telegraphic returns, are as follows:
Total bale».
—Below we present a synopsis o:‘ ou* o v ed a n i movement, New Y ork —T o Liverpool, per steamer Bovlc, 2,825..................
2,855
receipts, exoorfcs, spinners’ takings, &c., for the month of
To Manchester, per steamer Strabo, 285.................................
285
To Hull, per steamer Ohio, 582.
.........................................
582
March and for the seven months of the season to April 1, for
To Havre, per steamers Frey, 1,231 upland and 115 Sea
the years 1895-96, 1896-97 and 1897-98.
Island ...L a Bourgogne, 150.............................................. .
1897-98.
Gross overland for M a r c h ............ bales.
Gross overland for 7 months....................
Net overland for March ..........................
Net overland for 7 months........................
Port receipts in March...............................
Port receipts in 7 months.........................
Exports in March.......................................
Exports in 7 months..................................
Port stocks on March 31........................ .
Northern spinners’ takings to April 1 ...
Southern spinners’ takings to April 1 ...
Overland to Canada for 7 months (ineluded in net overland)........................
Burnt North and South in 7 months.......
Stock at North’n interior markets Apr. 1
Game in sight during M a rch .................
Amount of crop in sight April 1.......... .
Came in sight balance season..................
Total c r o p ............. . . . . . . . . . . . . . . . . . . . . .
Average weight o f b a les..........................

162,680
1,542,251
107,555
1,081,342
567,622
7,993,039
812,234
6,225,911
927,845
1,932,047
675,000

1896-97.

1895-98

86,563
95,790
1,088,796 931,956
62,277
61,712
766,177 713,356
335,020 321,313
6,299,127 4,798,211
432,968 475,832
5,113,680 3,788,634
732,175 612,152
1,417,098 1,384,294
613,000 593,000

103,104
59,011
54,998
1,276
2,378
1,919
11,694
5,200
6,340
667,177 378,297 357,525
10107381 7,821,304 6,380,567
892,707 781,906
8,714,011 7,162,473
502-73
507-08
501-43

C otton I ndustry in J apan , I ndia and China .—In our
editorial columns to-day, under the caption “ Cotton Indus­
try in the Far East,” w ill be found an interesting article from
our Tokio (Japan) correspondent, in which he shows the
progress made in cotton-manufacturing of late years in the
above-named countries:
E xports of Y arn from I ndia to China and J apan .—
W e give below a statement of the shipments of yarn from
India to China and Japan during the calendar years 1878 to
1897, inclusive:
To China (bales
400 lbs. each).

1878............... ...............
1879.......... ___ _____
1880...............
1881............... ...............
1882............... .................
1883............... ...............
1834............... ...............
1885............... ...............
1886............... ...............
...............
1887........ .
1888............... ...............
1889............... ...............
1890............... ...............
1891............... ...............
3 892............... ...............
1 8 9 3 .......... ... ...............
1894............... ...............
1895............... ...............
1896............... ................
1897............... ...............

45,933
45,530

61,783
81,434
94.982
127,3 L8
154,517
199,407
205,158
234,071
254697
325,060
365,038
385,771
317,900
369,089
403,075
509,898
427,258

To Japan (bales
400 lbs. each.)

1,745
4,842
4,527
7,378
9,854
3 7,421
13,846
19,020
20,543
39,730
52,697
62,220
37,722
10,939
21,415
14,102
10,654
2,830
2,136
750

Total
bales.

47,678
50,372
67,721
69,161
91,258
112,403
141,16t
173,537
219,930
244.888
2-6,768
316.917
362,782
375,977
407,216
332,<i02
379,743
405,903
512,034
428,008

To Bremen, per steamers Bremen.l, 228___Trave, 302.......
To Hamburg, per steamer Pennsylvania, 896........................
To Antwerp, per steamers British Queen, 317___South­
wark, 930_____________________________________________
To Malaga, per steamer Oberon, 1,500....................................
To Genoa, per steamers Alsatia. 729___Fulda, 900..............
To Naples, per steamer Fulda. 273............. ..............................
New Orleans—To Liverpool—March 25—Steamers Astrono­
mer, 5,718; Ernesto, 1,300
March 28—steamer Euro­
pean, 1 6 ,8 2 9 ....March 3 1 -Steam er Montcalm, 9,911___
April 1—Steamers Maskelyne, 1,800; Tampioan, 4,500...
To Bremen—March 28—Steamer Akaba, 9,603
March 30
—Steamer Monarch, 20,953. . .......................... .................
To Genoa—March 28—Steamer Castillian Prince, 3,273___
To Trieste—March 31—Steamer Ilaro, 1,342...........................
To Venice—March 31—Steamer Ilaro. 2,710............................
Galveston—To Liverpool—March 25—steamer Capella, 5,266
___March 2 6 -Steamer Springwell, 6,223___ March 2 9 Steamer Maria, 3,652............................................... ..............
To Bremen—March 26—Steamer Ellen Rickmers, 8,398___
March 29—Steamer Parkgate, 6,061......................... ............
To Hamburg—March 23—Steamer Elderslie, 3 6 5 ....March
26—Steamers Robert Adamson, 595; Willow Branch, 746.
To Rotterdam—March 2 4 -Steamer Wastwater, 1 ,2 20 ....
March 25—Steamer Oelaeno, 126....... .................................
To Antwerp—March 31—Steamer Archtor, 800.....................
To Japan—March 25—Steamer Woolwich, 8,550....................
Corpus Christi , & c.—To Mexico, per railroad, 118........... .
Mobile —To Bremen—March 30—Steamer Bencliff, 4,616..........
Savannah—To Bremen—March 26—Steamer Benedick, 3,050..
To Hamburg—March 26—Steamer Benedick, 2,000 ........
Charleston—To St. Petersburg—Apr. 1—Bark Gaa Paa, 1,983
Norfolk —To Bremen—March 22—Steamer Glanton. 300........
To Hamburg—March 30—Steamer Flensburg, 700................
Newport News —To Liverpool—March 26—Steamer Rappa­
hannock, 536.............................................................................
Boston—To Liverpool—March 25—Steamer Canada. 1,997 ...
March 2 8—Steamer Kansas, 2,174
March 29—Steamer
Cestrian, 5,72 L.......................... ..............................................
Baltimore —To Liverpool—March 23—Steamer Sedgemore,
1,160__ March 25—Steamer Rossmore, 3,649.....................
To Bremen—March 30—Steamer München, 2,146.................
Philadelphia —To Liverpool—March 25—Steamer Waesland,
716.............. ............................................... , ..............................
Portland , Ore .—T o Japan—March 30—Steamer Argyle, 1,225

1,496
1,530
896

1,267
1,500
1,629
273

39,858
30,556
3,273
1,342
2,710
15,141
14,459
1,706
1,346
800
8,550
118
4,636
3,050
2,000
1,983
300
700
536

Total................................................. ............................................. 164,135

The particulars o f the foregoing shipments, arranged in
our usual form, are a3 follows.
Great F rench Ger- , -Oth.H'rope—^ M exico,
B rit’n. ports. many. North. South.
Ac. Japan.

New York. 3,692 1,496 2,426 1,267 3,402
N. Orleans. 39,858 ........ 30 ,'5 6 ........ 7,825
Galveston. 15,141 ........ 16,163 2,146 ........
Cor. 'C., &c..................................................................
M obile..... ..................... 4,636 .....................
Savannah............................ 5,050 .....................
Charleston .................................. 1,983 . . . . . .
N orfolk............................... 1,000 .....................
N’p’t News
536 ...............................................
B oston___ 9,892 ...............................................
Baltimore. 4,899 ........ 2,146 ........ ........
Philadelp’a
716 ...............................................
Portl’d, Or..................................................................

Total,

.....................
. . . . . . ..........
......... 8,550
118 ........
..............
........ . . . . . .
......................

12,283
77,739
42,002
118:
4,636
5,050
1,933

...... ......
.....................
.....................
.....................
........ 1,225

536
9,892
6,955
716
1,225

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

1,000

T o ta l.... 74,644 1,496 61,979 5.396 10,727
118 9,775 161,135
From the above it will be seen that the shipments to China
To Japan since September t shipments have been 100,624
during the year 1897, while less than in 1896, were heavier
than in earlier years, but that the exports to Japan were the bales from Pacific Coast, 8,700 from New Orleans, 21,029 bales
from Galveston, 7,100 b ties from Pensacola, 4,5)0 bales from
smallest for any year included in the statement.
T he Following are the G ross r e c e ip t s of C otton at Mobile and 19,021 .bales from New York
Cotton f r e ig h t s t a t New York th e past week have been
New Y ork , Boston, Philadelphia and B altim ore fo r the past
week, and since September 1, 1897.
as follows.




A

THE CHRONICLE.

2, 1 8 «8 .j

p r il

Tues.

Mon.

Satur.

Wednes. Thurs.

F ri.

Liverpool, April, d.
181
18t
18t
18t
18t
18t
H avre.............
30®32t 30 @321 30@32t 30@32i 30@321 30 @32'
Brem en............ d. 25@27< 25®271 25@27t 25 @271 25 @27t 25@27t
30i
301
30
30
H am burg......... d.
30t
301
33
33
33i
331
33t
331
Amsterdam....... .c.
46
461
46
Reval, V. Hamb d.
461
461
461
42t
421
42t
Do v.Brem’n d.
42t
42t
42t
40t
401
Do V. Hull... d.
40t
40t
40'
401
301
301
30t
301
R otterdam ....... d
30t
301
G enoa............... d
11.4
11.4
U64
1104
U64
1104
136i
Trieste................ d.
1364
1®64
i364
1304
13«,
Antwerp............ d.
%
%
%
%
%
%
Ghent,v.Antw’p d.
53*
5:12
B39
t Cents net per 100 lbs.
L i v e r p o o l . —By cable from Liverpool we have the fo llo w ­
ing statement of the week’s sales, stocks, &c., at that port.

Mch. 11.

Mch. 18.

Mch. 25.

A p ril 1.

Sales of the week.......... bales.
61,000
53.000
55.000
59.000
Of which exporters to o k ...
1,700
9.000
1,300
1,100
Of which speculators took.
200
700
500
400
Sa es Am erican......................
57.000
50.000
51.000
57.000
Aotua export..........................
14.000
3.000
7,000
7,000
Forwarded................................
80.000
77.000
74.000
62.000
Total stock—Estimated.......... 1,211,000 1.214.000 1,216,000 1,186,000
Of which American—Estm’d 1,090,000 1.085.000 1,077,000 1,082,000
Total import of the week....... 102,000
83.000
83.000
80,000
Of which American.............
97,000
70.000
55.000
70,000
Amount afloat.......................... 172.000 212,000 232.000 212,000
Of which American.............
170.000 210,000 230.000 210,000

678

was a strengthening feature. To-day the market was firmer
on the reports of large export sales made at the West early in
the week. Business in the spot market has been fairly active,
as exporters have been buyers. To day the export sales re­
ported were 8J,000 bushels, including No. 1 hard Manitoba
for May shipment at $1 05% f. o. b. afloat and No. 1 hard, to
arrive, at $1 09% f. o. b. afloat.
D A IL Y CLOSING PRICES OP N O . 2 R E D W IN T E R W H E A T .

Sat..

Mon.

May delivery................... o. 99
July delivery.................. o. 857s
September delivery___o. 80
December delivery.......c..........

Tues.

99
87
81%
82%

Wed.

981s
85%
80
81

Thurg.

987a
85%
79%
80%

98%
85%
797s
81

F ri.

99%
85%
80%
81%

Speculation in the market for Indian corn futures has been
on a very moderate scale only, and the fluctuations in prices
have been within a narrow range, with the tendency towards
a higher basis, as a falling off in the crop movement, large
clearances and a continued good export demand have had a
strengthening influence, although the uneasiness over the
political situation has held the market in check to some ex­
tent. To-day the market was quiet bat steady. Business in
the spot market has been fairly active, as exporters have con­
tinued buyers. The export sales reported to day were 125,000
bushels here and at outports, at 35%@35%c. for No. 2 mixed,
for prompt and near-by delivery.
D A IL Y CLOSING PRICES OP NO. 2 M IX E D CORN.

May delivery............... 0.
July delivery............... o.

Sat.

Mon.

33%
34%

Tues.

33%
34%

Wed.

33% 33%
31% 34%

Thurs.

33%
34%

F ri.

33%
34%

Oats for future delivery have been dull and featureless^
there having been practically no trading in the local market,
The tone o f the Liverpool market for spots and futures and values have barely changed. The tone, however, has
each day o f the week ending April 1 and the daily closing held steady, in sympathy with the slight improvement in
corn values, and an active export business has also had a
prices of spot cotton, have been as follows.
favorable influence. To-day the market has been quiet. The
spot market has been active. The export sales to day were
Spot.
Sat’day. M onday. Tuesday. Wed'day. Thursday F riday.
reported as high as 400,000 bushels. No. 2 mixed in elevator
was quoted at 30c. and No. 2 white in elevator at 32%c.
Fair
Market, )
Moderate
Harden’g
1:45 P.

M.

Quiet.

j

Mid. Upl’ds.

demand.

3®ie
6,000
500

3518
8,000
'500

Steady.

Steady.

Sales...........
Speo. & exp.

Firmer.

Steady.

3%

3%

10,000
500

12,000
500

tendency.

3710
14,000
500

business
doing.

37ib
10,000
1,000

Futures.

Market, ?
1:45 P. M. i
Market, ?
4. P. M. £

Easy.

Steady.

Steady at Steady at Steady at
3-64 @3-64 partially 1-64 @ 3-64
advance. 1-64 dec. advance.
Steady.

Quiet.

Firm.

D A IL Y CLOSING PRICES OP NO . 2 M IX E D OATS.

May delivery..................c.

Sat.

The prices o f futures at Liverpool for each day are given
below. Prices are on the basis o f Uplands, Low M iddling
clause, unless otherwise stated.

29

Tues.

Wed.

287e

29

Thurg.

29

F ri.

29

Rye has been in fairly active demand for first half of April
delivery and prices have held steady. Barley has been quiet
but steady.
The following are closing quotations:

Steady.

Firm.

Mon.

29

FLOUR.

Fine.................. ...$ 3 15 @3 25
Patent, w in ter....... $4 75 @5 10
Superfine........ .
@3 50
City mills, extras.. 5 50 @5 60
Extra, No. 2 .. . . . . 3 55 @3 75
Rye flour, superfine 2 75 @3 25
Extra, No. 1 .. . . . . 3 40 @4 00
Buckwheat flour... 1 25 @1 30
Clears............... . . . 4 1 0 @4 35
Corn meal—
Straights............ . . . 4 95 @5 30
Western, eto.. . . . . 2 00 @2 05
Patent, Spring. .. . 4 90 @5 75
Brandyw ine.......
2 10
[Wheathour in saoks sells at prices below those for barrels.]
GRAIN.

S a t.

M arch 26 to
A p ril 1.
12%

p

1

M. P M.

d.

March..........i 3 16
Mch.-April.. 3 16
April-May... 3 16
M ay-June... 3 16
June-July... 3 17
J uly-A u g... 3 17
Aug.-Sept... 3 16
8ept.-Oot.... 3 16
Oct.-Nov___ 3 16
Nov-.Deo. .. 3 16
Deo.-Jan___ 3 16
Jan.-Feb___ 3 16

d.

M on.
1 45
p M.
d.

4

T u es.
1:45

4

P M. P M. P . M.

a.

d.

d.

3 1« 3 16 3 16 3 19 3 19
3 16 3 16 3 16 3 19 3 19
3 16 3 16 3 17 3 20 3 19
3 16 3 16 3 17 3 20 3 20
3 17 3 17 3 17 3 20 3 20
3 17 3 17 3 17 3 20 3 20
3 16 8 18 3 17 3 20 3 20
3 16 3 16 3 16 3 19 3 19
3 18 3 16 3 16 3 19 3 19
3 16 3 16 3 16 3 18 3 19
3 18 3 16 3 16 3 18 3 19
3 16 3 16 3 16 3 18 3 19

W ed.

T h u rs.

1•45 4 1:45
p M. p M. P M.
d.

d.

d.

4

F r i.

P■M.

1:45
p .M.

P. M*

d.

d.

d.

4

Wheat—
o.
o.
Com, per bush—
o.
o.
Hard Duluth, No. 1.107%® 109%
Western mixed...........33% @36%
Red Winter, No. 2.. 99% ® 101%
No. 2 m ixed.......... ....3 4 @37%
Hard Man., No. 1 ..1 0 3 7s® 105%
Western Y ellow ......... 34% @37
Northern, Cío. 1 ...103% ® 105%
Western White....... ...3 5 @37%
R yeOats—Mix’d, per bsh. 29 %@ 33
W h ite...................... 31%® 38
Western, per bu sh ....5 7 ®58
No. 2 mixed............ 30 ® 31
State and Jersey....... 55 ® 57%.
No. 2 white..........
32%® 33% Barley—W estern....... ..4 5 @53
F eeding...................... 42 @44

3 20 3 20 3 21 3 21
3 20 3 20 3 22 3 21 3 22 3 23
3 20 3 20 3 22 3 21 3 22 3 23
3 2 J 3 20 3 22 3 21 3 22 3 23
3 20 3 20 3 22 3 21 3 22 3 23
The movement o f breadstuffs to market as indicated in th
3 20 3 21 3 23 3 21 3 22 3 23
3 20 3 20 3 22 3 21 3 22 3 23 statements below is prepared by us from the figures o f th
i 19 3 20 3 21 3 20 3 21 3 22 New York Produce Exchange. The receipts at Western lake
3 19 3 19 3 21 3 19 3 21 3 21 and river ports for the week ending M ir. 25, and since A ug.
3 19 3 19 3 20 3 19 3 20 3 20
3 19 3 19 3 20 3 19 3 20 3 20 I, for each o f the last three years, have been as follows:
3 19 3 19 3 20 3 1913 20 3 20
Receipts at—

BREADSTUFFS.
F riday , April 1,1898.
Business in the market for wheat flour has been only mod­
erately active, as neither purchasers for the home trade nor
exporters have been extensive purchasers, having limited their
takings, as a rule, to only such supplies a3 have been needed
to meet their current wants. Owing, however, to the steadi­
ness shown by the grain, sellers have not been disposed to
hurry business, and values have been fairly well maintained.
Rye flour has had a very moderate sale at about steady
prices. Buckwheat flour has been quiet and easier. Corn
meal has had a fair sale at steady prices,
The speculation in the market for wheat futures has been
only moderately active, and the course of prices has been in­
fluenced largely by the political situation. Saturday there
was a firmer market, prices advancing in response to stronger
foreign advices and unfavorable crop accounts from the
West. Monday there was an easier market early in the day.
Subsequently, however, in sympathy with a sharp upward
turn to values in the stock market, and on reports of a more
favorable political situation, prices advanced, and closed
higher for the day.
Tuesday there developed an
easier tone under moderate selling by longs to realize profits
prompted by less assuring news relative to the political
situation, and also by quiet and easier foreign advices.
Wednesday the market was firmer early in the day, as shorts
bought to cover contracts, stimulated by the small movement
of the crop; but the improvement was not maintained, prices
weakening during the late trading as a result of the uneasi­
ness existing over the political situation, and the early im ­
provement was more than lost. Thursday there was a quiet
but steady market; the comparatively small crop movement




Flour.

Wheat.

Oats.

Com.

Barley.

ft e.

Bbls.196 lbs Bush.00 lbs ' Bush.bOlbs Bush.S'ilbs BushA8lbs Su. 50 lbs.
259,928
764,994 1,755,081
Chicago........
1,604,950
424,070
49,200
12,750
102,700
99,450
81.100
Milwaukee .
114,400
19,200
350,740
118,438
26.132
11,764
36,394
21,390
4,203 1,052,630
91.210
Minneapolis'
77,136
318,393
83,328
1,037
17^833
55,275
D e tro it........
5,200
9,336
2,097
14,002
67,388
143,595
81,03}
59,634
3t. L o u is . . . .
510,925
25,520
• 17,250
205,455
12,000
9,000
P eoria ..........
163,550
4,950
93,250
38,400
5,400
Kansas City.
414,000
195,500
96,000
............
Tot.w k.’98.
Same wk.’97.
Same wk.’96.
Since Aug. 1.
1897-98..........
1898 97..........
1895-96..........

313,535
122,842
178,283

2,921,997
1,784,131
2,695,134

3,391,597
2,078,237
2,388,939

2.375,689
1,757,675
3,248,568

007,981
413,132
685,319

140,590
05,748
53,170

7,593,833 179,401,773 170,456,660 131,259,050 30,775,359 8,708,848
7,889,031 127,992,599 114,060,275 123,612,429 33,351,707 5,900,299
7,895,’’ 12 105.388,376 87,210,395 102,493.373 33,203,173 3,036,754

The reoeiots o f flour and grain at the
week ended Mar. 26, 1898, follows:
F low ,
Receipts at—
bbls.
New Y o r k ................ 127,975
Boston.......................
41,342
M on treal................ .
8,805
Philadelphia............
62,597
B altim ore........ .
48,757
Richm ond................
4,625
New Orleans*..........
10,194
Portland, Me
4.092
Newport News........ 31,000
N orfolk.....................................
Port Arthur . . . . . . . .
5,714
G alveston.. .................... ...
8t. Johns. N. B . . . . .
2,793

Wheat,
bush.

540,252
164,213
14,030
65,015
291,229
13.131
78,125
58,456
26.472
52,300
41,519

Corn,

bboard ports for the

bush.
677,623
160.823
13,240
386,901
928,950
56.180
943.007

Oats,
Barley.
bush.
bush.
97,500
528.000
390.000
604
64,650
809
139,314.
13,600
146.685
14,446
84.985

6Ó;ÓÒ0

3Ö10Ö0

288.337
23.525
112,200

’"2,8)0
53.534

’ 24,763

Rye,

bush.
75,076
” 7,955
900
50,543
600

” ï,000

T otal w eek........ 347.804 1,345,242 3,648,788 1,459,434
137.266
136,07
Week 1897................ 402,344
224,441 4,691,242 1,193,770 V#17,125
80,87
Receipts do not Include grain passing through Now Orleans te r foreign
sorts on through hills o f lading.

THE CHRONICLE.

674

Total reoeipts at ports from Jan. 1 to Mar. 26 compare a9
follow s for four years:
Receipt» Of—
.
F lo u r ........................ bbls

1893.
1,746,342

W h ea t..................... bush. 18,is t ,766
“ 49,463,170
2.9.772,247
1,740,362
3,012 592

Com....................

O a ts ........ .................
“
B arley.....................
“
B y e ........ .................
“
T otal g r a in ....

"

16,123,127

1897.
3,661,054

1896.
2,541,891

1895.
3,561,991

4,643,975
66,328,141
13.213.937
2.367.S62
1,330,292

3.070.664
16,879.015
9,149,276
1,60«,769
315,015

8,849.761
«.5ii9.830
6,714,189
1,067.160
86,225

77.878.707

31,022,659

18,287,155

The exports from the several seaboard ports for the week
ending Mar. 26, 1898. are shown in the annexed statement:
- ye,
R
bush.
160,120

■
Peas
hush.
111,311

c'orn,
Wheat.
* »*#*>
Export* from-—hush.
Nsw York...... 383,965 622.305
Boston............ 184.544 337,524
68,456
Portland . . . .
8.400 684.825
Philadelphia..
Baltimore...... 205.513 1,4 ‘■9.745
New Orleans.. 254,000 922,097
281,337
60,000
Newp’rt News
*¿3,026
P ort A rth u r.. 26.472
St. Johns.N.B. 41,519
G a lv e s to n .... 105,000 318.142

flo u r.
bbls.
103.398
29.621
4,092
36.067
95,585
10,824

oars,
bush .
317,012
328,094

31,000

30,000

2.793
5,319

52,534

1,000
24,900

24.762

Total wTc...1.267.818 4,- m 509
Same tim e ’97. 826,839 5,776.644

811,699 1,0*9,378
323,106 592,553

211.020
81,8c9

136,073
o9,603

Barley
bush.
3,359

253,633
63.1C 0

26,000

22,732
109,654

The destination o f these exports for the week and sinoe
September 1, 1897, is as below.
-----------Hour.----------, i— ---- Wheat.--------- , .----------- Corn.---------- Week Since Sept.
Week
Since Sept.
Exports for
Week Since Sept,
Mch. 26. 1, 1897.
Mch. 26.
1.1897.
vteek and since Mch. 26.
1,1897.
Sept. 1 to—
bbls.
bbls.
bush.
bush.
bush.
bush.
902,048 42.430.386 2,093.607 60,685.119
United Kingdom 205,770 6,409,113
C on tin en t..........
44.147
868,859
333,420 32,821120 2,464.567 £4.584.989
............
861,664
3,467
117,140
S. A O. Am erica. 38,119
631,901
...........
1.375
44.909 1.0 9,522
W est Indies.......
21,265
659,261
............
2,700
7,950
592,5»7
Brit. N. A . Col’ S.
5,i85
153,277
32,400
e4S,700 ............
407,781
Other countries..
3,823 I6i,u77
T o t a l................. 319,699
T otal 1896-7......... 823.106

8.833.548 1,267,868 76,725,945 4,614,500107,097,148
826,939 36,052,993 5,770,6*4 108,186,437
7,697,815

The visible supplv of grain, comprising the stocks in
granary at the prinoioal points o f accumulation at lake and
seaboard ports, Mar. 26,1898, was as follows:
Wheat.
I n »tore at—
bvsh.
New Y ork .................... 1,391,000
Do
afloat..........
685,110(1
B u ffa lo........................
884,000
Oo
afloat........
Ghioaaro..................... 6,650.000
Do
a flo a t........ 1,693,000
M ilw aukee.................. 109,000
Do
a flo a t........
D u lu th.......... .............. 8,293,000
Do
a flo a t........
T o le d o ....... . ............ 214,000
Do
afloat..........
D e tro it........ ............... 100,000

126,000
686,000

Oats
bush
1.749,000
92.000
60,000
84,000

Rye.
bush.
110.000
25,000
50,000

Barici, ,
bush.
19,000
109,000
10,000
192, OtO

17.Ì47.00O
8,254,000
104,900
1,5< 9,000
3,196,000

1,317,000
232,000
87.0o(l
816,000
2,903,000

742 000
389,000
94,000

343,000
93,000
9.00C

1,385,000

593.0ÖC

1,065,000

264,000

15,000

Corn,
bush
1,880,C00

4.3,000

11,000
39,00!

2,000

38,000

11,000
192,000
14l,(10('
88,000

16,000

3,265.000
3.291,000
3.705.000
1,488,000
267.000

1.517.0C0
1.506,oro
3,165.000
1,196,906
787.ÛC0

975
339
38,804
4,735
11,260
6,685
3 937
1,128
1,618
12,650
2,161

53
80
2,770
175
2,110
388
347
27
169
677
63

1,410
1,226
22,590
842
6,859
3,091
4,416
606
1,709
14,586
1,326

Total................................. 13,637
China, via Vancouver*___ ..........

84,292
200

6,859

....

58,661
8,750

84,492
Total................................. 13,637
* Prom New England mill points direct.

6,859

67,411

The value of the New Y ork exports for the year to date
has been $2,968,546 in 1898 against $2,415,272 in 1897.
Stocks of heavy-weight sheetings and drills are in good
shape in all leading makes, and prices of these are steady,
but some outside lines show an irregular market; light
weights also are irregular. Bleached cottons dull without
quotable price change in any grade. Wide sheetings in slack
request at previous prices. Cotton flannels ia fair request.
Cotton blankets well sold. Kid-finished cambrics irregular,
with slow sales. Denims steady, with moderate business.
Other coarse, colored cottons dull and unchanged. Fancy
calicoes in quiet request and irregular in pric9. There is an
average demand for more staple lines, which is readily met
by sellers. Staple ginghams firm, a3 are all desirable dress
style gingbams. Regular print cloths have been neglected;
2c. bid but 2 l-16c. held for. Odd goods iu moderate re­
quest on basis of 2 ^ c. for 3Sj^-inch 64 squares.
F oreign D ry G oods.—Business has been almost entirely
confined to the demand for quick requirements, and therefore
of an unimportant character. Buying for fall is largely
checked by the troubled outlook, and the possibility of hav­
ing to bring goods forward under war risks.
Im p o rta tio n « and. ITarehoaiie W it h d r a w a ls o f D r f 6n o (> i

The importations and warehouse withdrawals of dry goods
at this port for the week ending March 31, 1898, and since
January 1, 1898, and for the corresponding periods of last
year are as fo llo w s:

40,000

GOODS TRADE.

1 ,1 8 9 7 .

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Since Jan.

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IMPORTS ENTER ED FO R W A R E H O U S E DU RIN G SAME P ERIOD.

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N ew Y ork , F rid a y , P. M., April, 1, 1898.
O
The demand in the market this week has failed to disclose b
any new feature at first hands. The orders coming forward ©
day by day have been chiefly from jobbers to meet pressing V
00
requirements, individually of limited dimensions but numer­ Ol
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ous enough to make up a fair total volume of business. C
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freely than jobbers, and the demand in this connection 0
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has been left to a very great extent to the manu­ CO
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facturing trades, which are compelled to make early p
provision for their fall w ants.' The general tone of the ©
market for cotton goods is without change, and there is b
little change in prices either. In woolen goods business has 00
to
again been of indifferent extent, without change in prices. -1
The jobbing trade, taken as a whole, keeps up well, and has M
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concluded three months of as good business as recorded in to
the corresponding period for a number of years past. The ©
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serious outlook in connection with the relationships between
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this country and Spain cannot thus far be said to have affected C
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immediate trade, but there is unmistakable evidence that it
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is cramping operations on future account.
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W oolen G oods.—A moderate number of small orders have ©CO '&
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been reported fo r men’s-wear woolens and worsteds in heavy­
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weights, but the aggregate sales have again been unsatisfac­ p
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there is no change in quotations in any direction, it is not dif­ CO
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ficult to find sellers who are quite easy to deal with. The

entered

DRY

Total imports ......

THE

IMPORTS

11,636,000
12.317.000
13,791,000
8,526,000
6,181,000

45.00C

47
Great Britain.......................
28
Other European....................
China................... .................. 12,062
India.......................................
6
Arabia....................................
143
Africa.....................................
218
West Indies............................
168
Mexico...................................
242
Central America...................
569
South America.....................
154
Other Countries....................

Manufactures of—
W ool ..................
Cotton ..................
Silk............. ..........
Flax ...................
Miscellaneous ........

43.402/00
43.388.000
2 ’ ,152,000
16,530,000
13,407,000

6,000
18,000

1897.
Week. Since J a n . 1

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

Total Mar. 26.1898 30.061.COO
Total Mar. 19,1898 «1,417,000
C Total Mar. 27.1897 39,02 *,000
_ Total Mar. 29.1896 61,048,000
Total Mar. 30,1895. 74.307,000

814,000

1898.
Week. Since Jan. 1.

Manufactures of—
W ool ..................
C otton ..................
Silk.....................
Flax .................. .
Miscellaneous ........

6,000

60,000
1,424,000
624,000
59,000
668,000
2.096.000
1,004,000
73,000

128.000
25.000
9.UÖ0
403,000
21.000
1,045,000
552,000
108,000
30,000
15.000
225.000
1,810,000
74,000

M a r . 28.

Total withdrawals t
Ent’ d for consump.

2,641,000
50,000

2,000

to

Total marketed...

18,000

New Y o r k

Manufactures of—
W ool .................
Cotton ..................
Silk.....................
Flax ........... . ........
Miscellaneous ........

13,000

overcoating demand continues indifferent, but comparatively
fair sales are reported in plain cloakings. Satinets and doe­
skin jeans are quiet. Cotton-warp cassimeres generally well
sold. Business in flannels is moderate for the time of year
and quiet in blankets, but prices are firm. Dress goods are
disappointing in their movement, and in some quarters in­
clined to favor buyers.
D omestic Cotton G oods.—The exports o f cotton goods
from this port for the week ending March 28 were 13,637
packages, valued at $423,458, their destination being to the
points specified ia the tables below :

Total .................
Ent’d for consump.

23,000

OÓÒ
St Louis..................... 1.271%
125.000
Do
afloat..........
4,000
Cincinnati...................
463.000
B oston. .. ..................
26,000
Toronto.......................
96,000
M ontreal.....................
Philadelphia............... 332,000
1,000
Peoria..........................
41,000
Indianapolis...............
Kansas City................ 814,000
B altim ore................... 1.081,000
Minneapolis................ 11,270,000
96,000
On Missis* lppl R iver .

[V ol LXVL

THE CHRONICLE.

A pril 2, 18V8.J

S m s

¿ ab

C ity P s r M m /r g i n .

TERMS OF SUBSCRIPTION.
The I nvestors’ Supplement w ill be furnished without
extra charge to every aainual subscriber of the Commercial
and F inancial Chronicle .
The State and City Supplement will also be furnished
without extra charge to every subscriber o f the Chronicle .
The Street R ailw a y Supplement w ill likewise be fur­
nished without extra charge to every subscriber of the
Chronicle .
The Quotation Supplement, issued monthly, w ill also be
urnished without extra charge to every subscriber of the
Chronicle .
TERMS for the Chronicle 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 inch space.)
Transient matter (1 tim e).. $3 50 |Three Montlis (13 tim es)..$25 00
s t a n d in g b u s in e s s

card s.

Six months

(26 tim es).. 43 00

676

in the matter of George F. Graves of Saline County, 111;,
against the County of Saline, a suit in assumpsit for $10,000
damages, Judge Allen rendered judgment for the plaintiff for
the amount sued. Defendants in 1871 issued bonds in aid of
) the Danville & Cairo Railroad, now tbe Big Four. Plaintiff
purchased some $10,0 0 worth at a 7# rate of interest. The
company defaulted on principal and interest.”
South Dakota.— Mortgagees to File Addresses.—W e have
been asked to publish the following law (passed last year) in
order to direct attention to its importance. Many holders o f
real estate mortgages seem to be ignorant of its existence.
A n Act to Require the H olders o f Mortgages to File Their Address with tire
Register o f 1>eeds. Be It Enacted, Etc.:
S ection 1. (Duty o f Mortgagees). The mortgagee o f every real estate mort­
gage shall ¡-tate therein his post office address before recording the same.
Sec . 2. (Duty o f Assignees.) Every assignee or other owner or holder of any
real estate mortgage shall, within thirty days after becorn ng the owner
i hereof, or withtn thirty days after th ° taking effect o f this act. file with the
Register o f Dpeds o f the county where such mortgage is recorded a statement
showing the page and volum e wnere such mortgage Is recorded and hts name
and post office addres». and it shall b e th e d u ty o f the Register o f Deeds of any
such county to so enter the address upon the margin o f the record of any such
mortgage when filed.
Sec . 8 No interest shall becom e d oe and collecitble b y tbe mortgagee or
owner o f any mortgage upon any real estate in the State o f South Dakota until’
the provirions o f Sections 1 and 2 have been com plied with.
S ec. 4. (Reueal.) Ail acts and parts o f acts in conflict with the provisions of
this act are hereby repealod.
A pproved March 9,1 8 9/.

Two months 18 times).......... 18 00 1Twelve Months (52 times). 58 00

Alabama.— Anticipating Interest Payments.— Governor
Joseph F. Johnston has published the follow irg notice to the
holders of Alabama bonds: “ The State r f Alabama having
now in its treasury the money to pay the July iuterest on all
its bonds, has instructed its fiscal agent, the American Ex­
change National Bank o f New York, to pay all July coupons
presented to it during the month of April, less twenty cents
(20 cents) on each coupon for $25, fifteen cents (15 cents) on
each coupon for $20 and ten cents (10 cents) on each coupon
for $12 50, being a discount at the rate of 3# per annum.
Holders of registered bonds can anticipate their interest on
same terms by addressing the State Treasurer at M ont­
gomery, Ala ”
Bayfield County, Wis.—Bond Issue Legal.—The State Su­
preme Court has declared that the $240,000 bonds voted in aid
of the Bayfield Washburn & Iron River Railroad could be is­
sued in instalments, according to the contract, until the limit
o f indebtedness was reached. Under this decision the last
$25,000, it is stated, cannot be issued, as the limit will be
reached upon the issuance of $215,000. As stated in the
Chronicle December 25, 1898, the amount authorized by the
citizens was $240,(00, of which $55,000 was to be turned over
to the company when it completed 10 miles of road out of
Washburn and $45,000 when ten miles out of Iron River were
finished. Suit was brought some time ago to restrain the is­
suance of the bonds, on the ground that the contract was ille­
gal, the company being insolvent, and that the countv ex­
ceeded its limit of bonded indebtedness. The plaintiffs lost
their case in the Circuit Court and took an appeal, pending
which they secured a temporary injunction restraining the
officials from delivering the $100,000 bonds to the railroad
company, which has about completed the ten miles out of
Iron River.
Cincinnati, Ohio.—No Gold Bonds.—By a vote of 36 to 35
the State House of the Assembly voted against the minority
report recommending the issuance of gold bonds by the Cin
einnati Sinking Fund Trustees for the purpose of refunding
bonds of that city. Tbe majority report providing for
the bonds payable in lawful money of the United States was
then adopted.
Montgomery, Ala.—City Purchases W ater-W orks.—The
city has purchased the plant of the late Capital City Water
Company for $426,000, same to be delivered to the city July 1,
1898. As has been stated in these columns the negotiations
for the purchase of the plant have been going on for some
months, the company demanding $475,000 and the city offer­
ing $336,000. In January the Council passed an ordinance
selling $6)0,000 4%$ bonds for a water-works system to
Sperry, Jones & Co., Baltimore, and has since agreed on the
above price for the purchase of the water company’s plant.
See Chronicle Jan. 15, Jan. 22 and Feb. 5 , 1898.
New Jersey.— Bill as to Savings Banks Investments.-^-Following is the full text of the bill adding a new section to the
savings bank investments law recently passed by the State
Legislature and now in the hands of the Governor:
“ A supplement to an A ct entitled ‘An A ct concerning sav­
ings banks,’ approved April twenty-first, one thousand eight
hundred and seventy-six.
“ Be it enacted by the Senate and General Assembly of the
State of New Jersey.
“ 1. The managers of any savings bank organized under
the laws of this State may invest its moneys in the bonds of
any borough or township o f this State issued pursuant to the
authority of any law of this State.
“ 2. This act shall take effect immediately.”
Bill Regulating Bonds o f Villages.—The State Legislature
has passed a bill regulating the issuance of bonds by villages.
New York State.— Nassau County Bill passed by State Sen­
ate.—On March 30,1898, the State Senate passed the bill in­
troduced by Mr. Wallace to erect the county of Nassau from
the territory now comprised within the limits of the towns
of Oyster Bay, North Hampstead and Hempstead, in the
county of Queens.
Saline County, 111.—Bonds Valid. —A special dispatch to
the Chicago “ Inter-Ocean” from Springfield under date ol
March 22,1898, said: “ In the United States Court here to-day




Bond Calls and^Redemptions.
Brazos County, Texas.— Bonds Redeemed. On March 2(£
1898, the county redeemed $54,000 court-house and bridge
bonds.
Clay County Texas.—Bonds Redeemed.—On March 19,
1898, the county redeemed $8,000 court-bouse bonds.
Crawford County (M o.) School D istrict No. 3.— Bond
Call.—Tbe district has called for payment April 15, 1898, at
the Laclede National Bank, St. Louis, $100 bond No. 1 issued
July 15, 1895, bearing 8%interest.
F alls County, Texas.—Bonds Redeemed.—On March 28",
1898, the county redeemed $1,060 court-house ¡¡bonds held in
the State School Fund.
Jackson County, Mo.—Bond Call.—The county has called
for payment April 15, 1898, at the Ninth National Bank, New
York City, refunding railroad bonds N 0 3 . 21 and 22, dated
January 4,1892. Denominations $1,000, interest 5%.
Moore County, Texas.—Bonds Redeemed —The county re­
deemed $1,000 court-house bonds on March 18, 1898.
M orris County, Kan. —Bonds Redeemed.—Local papers
state that over $50,000 bonds o f various townships have been
redeemed during the past two years.
Shackelford County, Texas.—Bonds Registered.—On
March 25, 1898, the Comptroller registered $1,500 county
bridge bonds.
W ashington.— Warrant Call.—Notice has been given that
Sta'e warrants Nos. 21,156 to 22,170, inclusive, on the general
fund, and Nos. 2,156 to 2,250, inclusive, on the military fund,
will be paid on presentation at the State Treasurer’s office,
and w ill not draw interest after April 7, 1898.
W ilson County, Texas.—Bonds Redeemed.—The county
has redeemed $15,000 court-house bonds.

Bond Proposals and Negotiations this
week have been as follows:
Alameda County (C al.) Bray School D istrict.—Bond
Offering.—Proposals will be received until 12 m . April 13,
i 898, by the Board o f Trustees, care of O. M. Sanford, County
Treasurer, Oakland, Cal. , for $13,000 5% school bonds. Securi­
ties are issued under sections 1880 to 1888, inclusive, of the
Political Code of California, and were authorized by the Board
of Supervisors March 21, 1898. Principal will mature $2,000
yearly six and seven years from date, $3,00 ) yearly eight,
nine and ten years from date of issue. A certified check or
draft upon a bank doing business in Oakland or San Fran­
cisco for 10% of the amount of the bid, payable to the County
Treasurer, must accompany proposals.
Anderson County, S. C.—Loans Negotiated.—The county
has borrowed $28,000 from the State Sinking Fuad Commis­
sion for the purpose o f erecting a court-house and jail.
Andover, Mass.—Bond News.—The $80,000 sewer-construo
tion bonds recently authorized will bear 4$ interest, payable
June 1 and December 1 in Boston. Principal w ill mature
$10,000 in 1903, $20,0u0 in 1908, $20,000 in 1913 and $30,000 in
1928. Bonds w ill be offered for sale about June 1, 1898.
A thol, Mass.— Temporary Loan.—The town has negotiated
a loan of $20,000 with Edgerly & Crocker, Boston, at 4,60£
discount. Loan was made in anticipation o f the collection of
taxes and matures October 1, 1898.
Augusta, Ga.—Bond Election Again Postponed.—Local
papers state that, owing to a technical error in the ordinance
providing for the submission of the question o f issuing $200,000 water bonds to a vote of the people, the election will be
postponed, probably to April 28,1898. The election was first
called for April 6, and was postponed to April 21 and again
postponed as above.
Baltim ore, Md.—Temporary Loan.—The city has nego­
tiated a loan of $500,000 with the Union Trust Company, New
York.
B lair, Neb.—Bonds Proposed.—The city, it is stated, baa
under consideration a proposition to refund its bonded in­
debtedness.
• B olivar School District, P olk County, M o.—Bond Elec­
tion.—The School Board has decided to call (an election to

67 «

THE CHRONICLE.

vote on the question of borrowing $5,000 for a new schoolhouse.
Brookhaven School D istrict No. 23, Blue P oint, Suffolk
County, N. Y.—Bond Sale.—The district sold at auction on
March 26, 1898, the $3,500 5% 1-10-year school-building bonds
to the Patchogue Bank at 106-16.
B rooklyn, Conn.—Bids Rejected.—W e are advised that no
-Satisfactory bids were received March 26,1898, for the $28,000
4* funding bonds. The highest bid received was that of the
Water bury National Bank at 101.
Buffalo, N. Y.—Bond Sale.—The city has issued its bond
for $1,607, bearing 3%. interest and maturing Jaly 1, 1899.
The bond was taken by the Comptroller as an investment for
the Park Bond Redemption Sinking Fund.
Canton, Ohio.—Bond Sale.—On March 28, 1893, the
$2,612 50 street-widening bonds were awarded ss ft Hows :
The Dime Savings Bank of Canton, $1,500 at par for 5 per
cents and $1,112 50 to the Trustees of the Firemen’s Pension
Fund, Canton, at par for 4*4 per cents. Bonds mature $500
yearly on April 1 from 1899 to 1902 and $612 60 April 1, 1903.
F or further description of bonds see Chronicle, March 19,
1898, p. 584.
Cattaraugus County, N. Y.—Bond Sale.—The county has
awarded to Jos. E. Gavin, Buffalo, $50,000 5$ one year bonds
at 1< 0*615. A bid of 100-48 was received from the Erie
County Savings Bank, Buffalo.
Charleston, S. C.—Bonds Re-awarded.—On March 26,
1898, the Ways and Means Committee re-awarded the $ lf 0,000 4*4% 30 year refunding bonds to E. M. Moreland, Charles­
ton, *t 102. These bonds were originally awarded on Febru­
ary 19, 1898, to C. H. White & Co., New York, at 104114,
but the firm afterwards declined to take them.
Cincinnati, O hio.—Bonas Authorized.—On M arch21,1898,
the Board of Administration passed an ordinance authorizing
the issuance of $60,000 bonds for a new market house in Pearl
Street.
. Bonds Proposed.—The House of the State Legislature has
passed a bill providing for the issuance of $150,000 bonds to
improve Court and Gest streets.
C ircleville, Montgomery County, Ohio.—Bonds Prrposed.
—The House of the State Legislature has passed a bill per­
mitting the issuance of $9i'0 bonds for fire purposes.
Clay, W ashington and W ebster Districts, Marshall
County, W. Va.—Bond Election.— An election will be held in
these districts on April 30, 1898, to vote on the question of
issuing $5 ',000 5% 30-year bonds in aid of any railroad which
w ill extend its lines through these districts to the city of
Mound sville.
Cleveland, Ohio.— Bond Offering.—Proposals will be re­
ceived until 12 M. April 14, 1898, by H. L. Rossiter, Auditor
o f the Board of Education, for 8300,0i 0 4% school bonds ma­
turing May 1, 1908. Securities will be coupon bonds of $1,000,
dated May 1, 1898. interest payable semi annually, both prin­
cipal and interest being payable at the American Exchange
National Bank, New York City. A certified check drawn on
a national bank for 5% of the amount bid for and payable to
the “ Treasurer of the city o f Cleveland” must accompany bids.
Bond News.—The House o f the State Legislature on March
‘25,1898, passed two Bills providing for the issuance of $100,<M)0 and $250 000 bonds for the repairing and constructing of
bridges in Cleveland.
Bonds Proposed.—A bill authorizing the issuance of $1,500,000 bonds for a city hall has passed the State -enate.
Coahoma County, Miss.— Bond Offering. —Further partic­
ulars are at hand concerning the sale o f refunding bonds,
which will take place May 2, 1898. The amount of bonds to
be sold is $35,0> 0 ; interest will be at 5$, payable semi-annu­
ally, and the principal w ill mature 25 years after date of
issue, July 1,1*98. Securities are issued under an act of the
Legislature of Mississippi approved Feb. 5, 1898. Bids must
be filed with the Clerk of the Board of Superviors before 12
M. May 2, 1898. A certified check fo r 1% of the bonds de
aired, payable to C. H. Faut, President, must accompany pro­
posals.
Columbus, Miss.—Bonds Voted.—On March 23, 1893, by a
vote of 185 to 67, the citizens o f this place authorized the issu­
ance of $70,0A0 water works and sewerage bonds.
Columbus, Ohio. Bonds Authorized by the House o f the
¡Legislature..—The House of the State Legislature has passe 1
a bill authorizing the city to issue $150,000 bonds for the re­
construction of the west side levees.
C oraopolis (P a .) School District.—Bond Sale.—On March
28, 1898, the $8,000 4*4% bonds were awarded to the Lam
precht Bros. Co., Cleveland, at 103-3125. Following are the
bids:|
Lamoreaht Bros. Co., Cleve.. .I5*,265 00 Dietz. Denison &Prior,Cleve.™$”|o^^M5
H. Moore.......................... 8,2 >oO'» |Mercantile Trust Co............... 8,000 0
Edw. C. Jones Co., New York. 8,125 00 |S. A . Kean, Chicago............. 8.000 00
? C raw fordsville, Inti.—Bond Sale.—The city has sold at
private sale to Dietz, Denison & Prior, Cleveland, $20,000
refunding bonds at par, Securities are issued to refund
the 5% electric-light bonds called for payment April 1, 1898.
Custer County (N eb.) School D istrict.—Bonds Recorded.
—School bonds to the amount of $325 have been recorded by
the Secretary of State.
Dalton, Mas-.—Loan Authorized.—At a town meeting held
March 28,1898, the Selectmen were authorized to borrow
$20,' 00 in anticipation of the collection of taxes for 1898.
Danville, Ya .-B o n d Sale—The city has sold to Sperry,
Jones & Co., Baltimore, $90,000 4*4% 30 year refunding bonds.
Securities are dated March 1, 1898, and are issued to retire a
like amount of 6% bonds.




[V ol. IiXVI,

Dayton, Ohio.—Bond Proposed.—The State House of the As­
sembly has passed a bill authorizing the city to issue $75,000
bonds for the purpose of strengthening levees and construct­
ing storm sewers.
Deering (M e.) School D istrict.—Bond Sale.—High school
bonds te "he amount of §16.000 were recently sold at private
sale at 106.
Douglas County, Neb.—Bonds Re-awarded.—The Omaha
“ Bee” on March 27, 1898, stated that the County Commis­
sioner had re-awarded the $180.000 4*4% 20 year Poor Farm
funding bonds to the State Board o f Educational Lands and
Buildings at 107-395. These bonds were originally awarded
to Farson, Leach & Co., Chicago, at 108-515 but were refused
by that firm, who claimed they were illegal. Since then the
State Supreme Court has passed upon their validity.
East L iverpool, Ohio.—Bond Election.—An election will
be held to vote on the question of issuing $15,000 bonds for a
hospital, $16,000 bonds for a reservoir and $30,000 bonds for
road improvements.
Elma, Iow a.—Bonds Defeated.—On March 28. 1893, by a
vote of 101 to 124, the proposition to issue bonds for a water­
works system was defeated.
El Paso County Sehool D istrict No. 11, Colorado Springs,
Col.—Bond Sale.—The district sold on March 2 8 .1898, $51,0! 0
4*4% 5-15 year (optional) school bonds to the Exchange Na­
tional Bank of Colorado Springs at 100 196. Bonds to the
amount o f §35,000 are to refund an equal amount of 8 per
cents, and $16,000 are issued for the erection of a schoolhouse.
Essex, Conn.—Bond Sale.—On March 26. 1898, at a special
town meeting, it was voted to refund the $15,000 4% railroad
bonds, maturing Oct. 1, 1911, but which are subject to call.
The new bonds have been sold as 3 65 per cents.
Essex County, N. J .—Bond Election.—An election will be
held April 12, 1898, to vote on the question of issuing $1,500,000 park bonds. Securities are to bear not more than 4% in­
terest and to run not more than fifty years.
Evanston (V illa ge), Ohio. —Bond Sa1e.— On March 21,
1898, the $6,323 13 3% bonds were awarded to the Atlas Na­
tional Bank. Cincinnati, at 110-28. Bonds mature February
21. H08. For further description o f bonds see Chronicle
February 26, 1898, p. 436
Fergus County School D istrict No. 1, Lewiston, Mont.—
Correction.—In the C h r o n ic l e last week we stated that the
$23.00 1 6% refunding bonds were awarded to the Bank of
Fergus County at par. We are how advised that the bank
paid a premium of $'.552 50 for the bonds or at the rate of
106-75. Four oth *r bids were received.
F ort Scott, Kan.- Proposed Bond Issue.—A committee
was appointed by a mass meeting of citizens some weeks ago
to investigate the advisability of taking steps to secure natur­
al gas for Fort Scott. It is stated by local papers that the
committee will shortly advise the submission of the question
of issuing from $ 25 000 to $150,< 00 bonds for the purpose of
first, thoroughly prospecting for gas, and, second, o f offering
the Deitrich gas syndicate a bonus for putting in a plant at
this place.
Fostoria (O hio) School D istrict.—Bond Election —A t the
spring election the question o f issuing $16,000 bonds for a
new school building will be voted upon.
Geneva, N. Y. - Bond Sale Postponed.—The sale of the
$8.000 4% bonds advertised to take place March 31, 1898, was
postponed until 4 p. M. April 1, 1898. A t the time of going
to press the result of the sale was not known. Tbese bonds
are in denominations of $1,000, dated April 1, 1893. Princi­
pal matures Sep ember 1, 1916, and the interest is payable
April 1 and October 1, at the National Bank of Commerce,
New York City
G loversville, N. Y.— Bond Sale.—On March 15.1898, $2,600
4*4% local improvement bonds were awarded to W . D. West,
Cashier Fultoa Oouaty National Bank, at par. Bonds are in
denominations o f $100, dated February 1, 1893. Interest will
be payable annually on February 1 at the Fourth National
Bank, New York City. Principal will mature $70u Feb. 1,
1899 ; $600 Feb. I, 1900 $500 Feb. 1,1901 ; $400 Feb. 1 , 1902;
$400 Feb 1, 1903.
Goldsboro, N. C.—Bond Election.—Local papers state that
an election will be held in May to vote on the question of
issuing $30,000 sewer bonds. A proposition for the same
purpose whs defeated last November.
Graoeville School D istrict (B igstone County, Minn.)—
Bonds VoBd.—The district recently by a vote of 188 to 61
authorized the issuance of $4,0 0 bonds for a school building.
Grand Ledge, Mich.—Bund Election,—At the coming
spring. election the question of issuing $25,000 bonds, to
refund a like am unt of 3% water-works bonds issued in 1898,
will be submitted to a vote of the people. The new bonds
v. ill bear not more than 5% interest.
Green Bay, Wis. —Mayor's Veto Sustained.—Tbe Council
has sustained the Mayor’s veto of the ordinance recently
passed by that body authorizing the issuance of $19,000
bridge bonds.
Greenwood County, S. C.—Loan Negot ated. —The State
8 mkiny Fund Commission, pursuant with a resolution of the
State Legislature, has loaned the county $10,000, which will
be used for general county purposes.
Hammond (Ind.). School D istrict.—Bond Sale.—The dis­
trict has sold to W. J. Hayes & Sons, Cleveland, the §15,000
5% gold school bonds. Interest will be payable at the United
States Mortgage & Trust Co., New York City, and the
principal will mature in 1918.

A pril 2, 18S8.J

THE CHRONICLE.

677

Harlan School District, Shelby County, Iowa.—Bonds

Voted.—The district has voted to issue bonds for the erection with each bid. The assessed valuation is $99,225 and the real
valuation $375,(00. The city has no debt at present,
o f a new school building.
New Bedford, Mass.-Bond News.— We are advised that
Helena, Mont.—Bond Issue.—In reply to our inquiry we
are informed by Mr. H. P. Tilton, CPy Treasurer, that since Son ? lna Co,an1?11 ,wl1/ nofc authorize the issuance of the
January 1, 1898, they have exchanged $8,000 additional of the $100,(00 park bonds for some time. Nothing will be done
$200,000 funding bond issue for outstanding warrants. Up on the bond question until the strike of the cotton mill ODeraF
to January 1, 1898, over $50,000 bonds had been exchanged. tives is settled.
New Bremen, Ohio.—Rond Election.—It is stated that an
These bonds, as stated in the C hronicle Dec. 4, 1897, are
dated Dec. 1, 1896, and mature Dec. 1, 19L6, subject to* call election will be held to vote on the question o f issuing im ­
provement bonds.
a
after 1903. Interest is 5$, payable semi-annually.
Norwood, Ohio.—Bond Offering. —Later advertisements
Hutchinson, Minn.—Bond Sale.—Last week we reported
the sale of $15,( 00 of the $20,(00 issue of school bonds to the state that bids will be received until 12 m . April 13, 1898 for
State of Minnesota at par. W e are now advised that the en­ the $31,437 34 6% sewer bonds, the sale o f which was originallv
tire issue of $20,00 i was sold to the State on March 21, 1898, advertised to take place April 7, 1898. A description of the
at par for 4 per cents A bid was received from the Bank of bonds will be found in the Chronicle March 12,1898. p 540
Omaha, N eb .-R on d Offering.—Proposals will be received
Hutchinson offering $75 premium and one from W . J Havm
until 12 m April 5, 1898, by A. G. Eiwards, City Treasurer
& Sons, Cleveland, at 97*59.
"
y
Ealona School D istrict, W ashington County, Iow a.— for $300,0< 0 4% 20-year funding bonds. Securities will be in
Bonds Vvted.— The district has voted in favor of issuing denominations o f $1,0 0, dated March 1, 1898. Interest will
be payable semi annually at the State Fiscal Agency in New
$4,000 bonds for a new school-house.
Lansing, Mich.—Bond Election.—An election w ill be held York City. A certified check on a national bank for 2% of
April 5, 1898, to vote on a proposition to build a bridge across the amount bid for, payable to the city of Omaha, must acthe Grand River and to issue bonds for the purchase o f cer­ company bids. Securities are issued pursuant with Section
« of Charier o f Metropolitan Cities, approved March 15,
tain property which will have to be condemned.
Lockport, 111.— Bonds Authorized.—The Village Council 1897, and authorized by ordinance approved February 9 1898
has passed an ordinance providing for the issuance of $2 000 These are the bonds awarded on February 28, 1898 to Bernard Thurman & Co., New York, but which that concern
6# 7-year bonds for general purposes.
Loramie, Ohio.—Bonds Voted.—On March 16, 1898, the failed to take.
Oshkosh, Wis.—Bids Rejected.— W e are advised that all
corporation authorized the issuance of $7,0j0 street-improve­
bids were rejected on March 28, 1898, for the issue o f from
ment bonds by a vote of 93 to 7.
Madrid School D istrict, Boone County, Iowa.—Bonds $250,009 to $310,000 refunding bonds. Mr. A. B Ideson
Defeated.—At an election held recently, the question of issu­ Mayor, says : “ We rejected all bids, as they were based on a
we having virtually agreed
ing $5,000 bonds for the purpose of building an addition to rate o f interest higher than
with our people that we would not sell our bonds at a rate
the school house was defeated by a small majority.
per cent per annum.” The city officials are
M a in e .-Tempor ry Loan.—Blodget, Merritt & Co., Bos­ higher than
privileged to negotiate the bonds at private sale, which Mr.
ton, have loaned the State on a 3 months’ note $100,000 at
discount.
* Ideson says they may do, although his idea is to re-advertise
Malta, Ohio.—Road Election.—At the coming spring elec­ tor bids when fioances assume their normal condition.
Owosso, Mich.—Bond Election.—A t the spring election the
tion, the question of issuing $10,000 paving bonds will be
question of issuing $15,( 00 bridge bonds will be voted upon.
voted upon.
Paris, T e x a s.- Bonds Proposed.—On March 14, 1898 an
Manchester, N. H.— Temporary Loan.—The city has nego
tiated two $50,000 loans with the Arnoskeag National Bank ordinance was introduced in the City Council providing for
the
issuance of $65,000 40 year water-works bonds.
and the Manchester National Bank, both o f Manchester.
^ Pa,ter?on’ N*¿ .—Bond Sale— On March 30.1898, the $70,000
Loans bear
interest and mature April 1, 1899.
Loans Authorized —The City Council has authorized loans i n n * 001 boPds were awarded to W alter Stanton & Co. at
not to exceed $200 000 in anticipation of the collection of taxes 102*7**. A bid of 101*55 was received from Farson, Leach &
M arietta (Lancaster County, P a.,) School D istrict.— C°j >J^eY Y.ork. Bonds mature $25,000 April 1, 1913, and
Bond bale Postpo ed.—We have received the following from $2o,000 April 1, 1915. For further description of bonds see
the School Committee in charge o f the sale o f from $25 00o Chronicle last week, p. 630.
M ich.—Rond Offering.—W e are advised that
to $3<‘,( 00 10-8« > year (optional) school bonds, bids for wnich
were asked for April j| i 898 : “ An unexpected obstacle has the $10,(00 5^ 110 year (serial) public improvement bonds
will
be
offered
for sale “ at once.” Principal and annual inarisen which must be overcome before any bids can be ac­
cepted, and so we deem it advisable to withdraw our request terest will be payable in Paw Paw.
fo r bids until we are in shape to go ahead.”
«.fTnlln Courtnty’ Minn-—Bond Sale—Oa March 22, 1898, the
10 year ditch bonds were awarded to Mason, Lewis
Marin County (C al.) San Rafael School D is tr ic t-B o n d $20,000
£/ecfw n.—The election to vote on the question o f issuing & Co., Chicago, at 104*25. For description of bonds see
$15,000 f>%bonds will be held April 2, 1898, and not March 26 Chronicle, February 26. 1898, p. 437.
Providence, R. I. Bonds Authorized.—An ordinance
1898, as first reported. Bonds, if authorized, will be in de­
C[ty Council provides for the issuance
nominations of $500 and will mature $l,5< 0 yearly.
gol d school house bonds. Interest will be
Meridian, Miss.— Bonds Voted.—On March 24, 1898, the o f $200,000 3
payable
April
and
October
and the principal will mature
citizens of this place voted to issue $20,000 additional paving
bonds. The proposition carried by a vote of about three to April 1, 1928.
one.
Richland School District, Keokuk County, Iowa.—Bonds
_ Milwaukee, Wis —Bonds Authorized.— The Common D<feated.—At a recent election, the proposition to issue
bonds tor an addition to the school house was defeated bvone
iiJoAAAo
puassed ,an ordinance providing for the issuance vote.
J
•of $80,000 garbage plant bonds.
Mondamin (Io w a ) School D is tr ic t.- Bond Sale.—On ^ Boachdale, Ind.— Bonds Proposed.—The issuance of from
to $12,000 bonds for the erection o f a public school
scbo°l bonds were awarded to $8,000
building is under consideration.
bid s*^ ariie8^ ’
Joseph, Mo., at 103'0i. Following are the
R * ^ .—Following are the bids received
March 19, 1898, for the $60,000 4% bridge bonds :
T
r o w b ridl^f « LO-,
Co c
Cn h
Sgoo ’ . .". H4,696
' l X00 i ^W™. J.
n eH
r °a1yaels In
. Co.. CO
e n v e r . $1,616
jLrowDnafee
ic a
& vSons
leve
4 ?87 00
no
S 1At kAfl“ 18r h i ^ . £ i '10r’ U e v e ‘ f ’L
1! « ™ I W m . L ittle 4 B r o , S i. Louis.'.'. 4,606 00
a . a , tvean, c m c a jro ....................... 4,646 00 | T . B . P o tte r, C hicago ................ 4,600 00

Montgomery, A la — Bonds P rop osed .-The citv is adver­
tising for bids until 12 m . April 4, 1898, for paving of sideb o n d ’at^6 W° rk t0 b6 Paid f ° r in 1’ 30' year (serial) (5% “ baby”
Morgantown, W. Ya.—Bond Election.- T h e election to
vote on the question of issuing $36,600 street improvement
bonds will be held April 2, 1898,
*
_ ^ aP°J®on> Ohio. - Bond Sale.—On March 12, 1898, the
$1,600 6% sewer bonis were awarded to the Croghan Bank,
Fremont, at 1 3'28. Following are the bids :
C r o g h a n B ank , F re m o n t..................103*28 I Season good & M ave r rin e in
102-100
R u d olp h K le y b o lte & C o.. C i n ....l C 2 '3 9 | W . J . H a y e s & S o M , C llv e la n d 'I 2 !'7 5 1

Bondsjnature $4°0 yearly.
Natchitoches, La.—Bonds Proposed.—The City Council
has passed an ordinance authorizing the Mayor to publish
legal notice of the intention to apply to the next Legislature
fo r permission to issue $ 0,000 water-woiks bonds
* 1 ? nnnfiS13’ Ki} n- ~ Bor‘ d Sa'e-~ 0 » March 22, * 1898, the
$15,600 6# gas plant bonds were sold at par to local investors
Bonds mature March 22 1908, subject to call after one year!
Mr. Adolph Bauman, City Treasurer, says that there were
’Option ^ bldders’ 0W1BS’ he Presumes, to the one-year

tj
^ Co., N.- Y
..$ 6 2 900 00 I W , J. H a y o s & S on s CIovo
$61 7 fti on
R u d olph K ley b o lte & C o . Cin. 62,6 <4 01) T h e S a v B ’k o f E S a g i n a v . . 61 650 00
X B i o s . C o , , C l e v 6 2 ,565 00 Second N at. B ank, Saginaw
6158000
D e itz, Denison & Prior, C leve, 62,255 <>o i B lak e B ros. & Co7, B o sto n
67/846 00

I t S 65 IBank 0f Saginaw...........t e 6u-5°0 <*>
As stated last week, bonds were awarded to C. H. W hite &
Co., New York, at 104-833.
_ Schenectitdy, N. Y.—Bond Bill Signed by the Governor._
The Governor has signed the bill passed by the State Legisla­
ture providing for the issuance of bonds for sewer and water
purposes.
,
Ohio.—Bond Sale.—The village has awarded
to W. E. Hutton & Co., Cincinnati, $5,000 6# 5(¿-year (aver­
age) school bonds at 106.
J
\
kh reieport, La.—Band News.—Proposals are allied for
the sale to the city of $10,000 of its outstanding bonds. Bids
Will be opened April 5, 1898, by Ben Holzman, Chairman of
the Finance Committee.

ShelLRock School District, Butler County, Iowa.—•

Bonds Defeated.—A t the election held March 14. 1898, the
proposition to issue bonds for a new school house was defeated.
Silverton, Col. Bond E lection—An election will be held
on April 5, 1898 to vote on the question of issuing $10.0C0
electm -liyht plant bonds.
South Lyon, Mich.—Bond Election.—An election will he
held April 2, 1898, to vote on the question of issuing electriclight bonds.
a iJ S n lfe
° € e-ri vg‘~ Proposals will be received
South Norwalk, Conn.—Bond Offering.—Proposals will be
j
Pq1 15, 1898, for $1,000 4%% 5-10 year electric-light
©onds. Securities are issued under Chapter 720-726 Code received until 3:30 p. m April 2, 1898, by Matthew Corbett,
o f Iowa, 1897. A certified check for $100 will be required City Treasurer, at the City National Bank, for $20 000 4Z
electric-light bonds and $5,000 4;i funding bonds. Securities




$1,000 yearly on Sept. 1 from 1900 to 1905, inclusive. Certi­
fied checks payable to the City Clerk for $30u for the Water
Street bonds and $400 for the Circular Street bonds must ac­
company proposals. Bids are asked for each issue separately.
Tripp, Hutchinson County, S. Da.—Bond Offering.—Pro­
posals will be received until April 18, 1898, for $5,000 6$ 20'year water-works bonds. Securities will be in denomina­
tions of $500.
i, . _ ,
,
.,
.
Tucker County, W. Ya.—Bonds Defeated.—AX the election
held March 29,1898, the proposition to issue $30,000 court­
house bonds was defeated.
Upper Sandusky, Ohio.—Bond Sale.—On March 24, 1898,
the $5,000
refunding bonds were awarded to the Society
for Savings, Cleveland, at 111'833. Following are the bids -

will be in denominations of $1,000, dated April 1,1898. In­
terest will be payable April 1 and October 1 at City National
Bank, and the principal will mature April 1,1928. A certified
check for 2% of the amount bid for, payable to the City
Treasurer, must accompany bids.
__
Syracuse, N. Y.—Bond Sole.—On March 25, 1898, the $100,000 aW/o water bonds were awarded to the Onondaga County
Sayings Bank of Syracuse at 104 78. Following are the bids :
O n ond aga Co. S avin gs B an k ..........104-78 I S yracu se S av in g s B a n k . . . . . . .........1' 0;50
J o s E . G a v in , B u tfalo........................ 10B 61 Illin o is T r u st & S a v . C o., C h i c .... 100 00
M a so n , L ew is & C o., Chicago.. ...1 0 1 -0 0 S. A . K e a n , C hicago.............................i0l> 00
F a rso n , L e a ch & Co., N e w Y ork .10 0'55 |

Bonds mature January 1, 1928. For further description of
bonds see Chronicle March 19,1898, p. 588.
T avlorville (111.) School D istrict.—Bond E lection— An
election will be held April 9,1898, to vote on the question ot
issuing $24,000 4# high school refunding bonds.
Terre Haute School D istrict, Y igo County, Ind.—Bonds
Sold i f Issued.—W e are advised by Mr. W m. H. W iley, Su­
perintendent of Public Schools, that if any school bonds are
issued in the near future the same have already been sold.
This was in reply to our inquiry relative to the issuance or
$50,000 bonds, which are under consideration ‘ by the School

S o cie ty o f S avin gs,C levelan d . .$0,710
S pitzer & Co., T o le d o .................... t-,633
se a so n c o o d & M aye r, C in c in .. 6,622
The L a m p r e c h t B ros. C o.,C le v. 6,603

C has. E . T e m p le, Grand R a p id s. .101-19 I S. A . K ean (less $125 c om m ission ).100 00
L e Roy D av id so n , N e w Y o r k ........ 100’50 |

A description of the bonds will be found
the C hronicle
March 12, 1898, p. 542.
Tiffin, Ohio.—Bond Offering—Proposals w ill be received
until 12 M. April 4, 1898, by the Finance Committee of the
City Council at the office of the C ry Clerk for $5,0001b* bonds
for the improvement of Water Street and $6,500
bonds tor
the improvement of Circular Street. Securities are issued
pursuant with sections 2704 and 2705, Revised Statutes of
Ohio, and authorized by ordinances passed by the City Coun­
cil. The Water Street bonds are in denominations of $j00 and
$1,000, and mature yearly on April 1, $500 in 1899, $1,000 in 1900,
$500 in 1901, $1,000 in 1902, $500 in 1908, $l,00d in 1904 and
$500 in 1905. The Circular Street bonds are in denominations
of $500 and $1,000 and mature $500 September 1, 1899, and

N E W LOANS.
$ 1 5 0 ,0 0 0

C IT Y of RENO, NEV.,
6 PER CENT BONDS.
U N D E R A N D B Y V I R T U E O F T H A T certain A c t
o f th e L egislatu re o f th e S tate o f N e vad a en title d
“ A n A c t to in corp orate th e T o w n o f R en o ,
ap­
proved M arch 8 ,1 8 9 7 , and o f an afb rm ative v o te o t
th e electors o f th e C iiy o f R e n o a t a special election
h e ld on t h e 7th day o f O ctober, 1897, w ritten bids
are in v ite d and will be received u n til A p ril 1 1 , 18v8,
a t 8 o ’clock P . M . o f said day, fo r th e purchase o f th e
b o n d s o f t h e City o f R e n o in th e s u m o l ® 13 0 .0 0 0 ,
or an y p art th e r e o f n ot less th an th e su m o f $500, to
b e k now n as an d d esign ated as “ R e n o W a t e r W o r k s B o n d e .”
A lso fo r th e purchase o t th e
bonds o f th e C ity o f R e n o in tn e fu r th e r su m o f
$ ‘¿ 0 , 0 0 0 . or a n y p a r t th e re o f n ot less th a n th e su m
o f $500, t o b e k n ow n as and d esign ated as “ R e n o
E l e c t r i c - l i g h t B o n d s . ” A l l o f said b on d s to
b ea r in te re st a t th e rate o f six per cen t, payable an­
n u a lly . T h e principal o f th e said b on d s to m a tu re
a n d b e payable in eq u al an nu al in stalm en ts b etw een
an d in clu d in g th e six th and tw e n tieth years fro m
th e ir d a te o f issu ance, ana th e d ate o f th e said p ay­
m e n t s t o b e designated u pon t h e fa c e o f th e said
b on d s. B oth th e p rm cioal and th e in te re st o f th e
said b o n d s to b e payable at m a tu rity in la w fu l mçmey
o f t h e United S tates o f A m erica at th e office o t th e
T reasu rer o t th e C ity o f R e n o , a t R e n o , N e v a d a . N o
b id s f o r th e said b on d s, or any th e re o f, w ill be
considered i f fo r less th an th e par v a lu e th e re o f or tr
f o r a le ss am ou n t th a n t h e su m o f $500, and t h e righ t
is ex p re ssly reserved t o re je c t any an d all bids.
T h e c on stitu tio n ality o f th e ab ove-m en tion ed A c t
<gf th e L e gislatu re and th e regu laritv and th e legality
o f t h e a b o v e-m en tio n e d special election h a v e been
su stain ed by a com p reh en siv e decision o f th e Su­
p rem e C ourt o f th e S tate o f N evad a, a copy o f wm<m,
to g e th e r w ith other p ertinent in fo rm a tio n , will he
fu ru ish e d to prospective bidders u pon application
t h e r e 'o r e m a d e to th e C ity Clerk.
Bidders sh ou ld d esign ate in th eir respect«ve bids
t h e r ed em p tion year o f th e b on d s f o r w h ic h t h e y hid.
A ll bids m u st b e sealed , endorsed “ B id s f o r R eno
B o n d s,” an d d irecte d to F . B . P orter, C ity Clerk,
R en o , Nevada.
R. S. O S b U R N .
A tte s t :
P resid en t City C oun cil.
F . B . P O R T E R , City Clerk.
R e n o , N e v a d a , M arch 7th , 1898.

Statement for the Information ot Pros­
pective Purchasers of Reno Water** Works and Electric-Light Bonds.
T H E C IT Y O F R E N O W A S IN C O R P O R A T E D by
a special A c t o f th e L é g isla tu re o f th e S ta te o f N e ­
vad a, ap proved M arch 8 ,1 8 9 7 . I t is th e largest city
on th e lin e o f th e C en tral P acific R ailroad b etw ee n
S acram en to, C alifornia, and O gden, U t a h ; has had a
stead y and con tin u ou s grow th ev e r sin ce its in cep ­
tion , and is situated in th e m id st o f th e ric h e sr a g ricu ltu ral and stock -raisin g cou n trv b etw ee n th e S ien a
N e v a d a and th e R o ck y M o u n ta in s. Its resources
are agricultural and pastoral rath er th a n th ose o f
m in es. It is th e term in u s o f t h e V . & 1 K K ., e x ­
t e n d in g so u th , with its con n ection , th r ee hun dred
a n d flit y m ile s, an d also o f t h e N . C. & O. R B ., e x ­
t e n d in g n orth eig h ty m ile s. I t is th e sea t o f th e
S ta te U n iv e r sity , o f th e S ta t e H o sp ita l lo r M e n tal
D ise a se s and o f th e Si a te A g r ic u ltu r a l S ociety. A t
t h é ge n eral election o f 1896 it c a st 1,800 v o te s, and
t s p resen t estim a ted p opu lation is 6,500. Its a s S ssed v alu ation q
h e y e a r 1897 w as th e r a n o f




NEW

00 S. A . K e a n , C h ic a g o ... .............. $6,547
38 |W . J . H a y e s & Sons, C leve........ 6,642
00 i M ansfield S avings B auk.............. 6,494
00 I D ie tz , D en ison & P rior, C le v e . 6,875

50
OO
46*
60

Bonds mature April 1,1906. For further description o f
bonds see Chronicle February 26, 1898, p. 438.
Upton, Mass.— Temporary Loan.—The town has negotiated
a loan of $7,000 with Bond & Goodwin, Boston, at 3-23# dis
count. Loan matures December 12, 1898.
Van W ert County (P . 0. Yan W ert), Ohio. - Bond Offering.
—Proposals w ill be received until 12 m . April 12,1898. by T.
M. Berry, County Auditor, for $34,000
funding bonds.
Securities are issued pursuant with Section 2834 A , Revised
Statutes of Ohio, and authorized by resolution of the Board
of Commissioners. Bonds are in denominations of $1,000,
dated April 1, 1898. Interest w ill be payable April 1 and
October 1 at the office of the County Treasurer. Principal
will mature $3,000 April 1, 1903, $3,000 April 1, 1908, $3,000
A piil 1, 1913, and $5,000 yearly on April l from 1914 to 1918,.
inclusive. A certified check for $2,500 drawn on a National
Bank must accompany proposals.
Vinton (Iow a ) Independent School D istrict.—Bond Offering.—Proposals will be received until June 1,1898, for $20,000
school bonds. Securities will be in denominations of $500,
and will mature $1,000 every six months, beginning June i,
1899. George W . Speers is the Chairman of the Finance
Committee.
W ashington, Pa.— Bonds Voted.—The city has voted toissue $60,000 bonds.

^ T e rre ll, Texas.—Bond Sale— On March 25, 1898, the $12,000 5# 40-year water bonds were awarded to Chas. E. Temple,
Grand Rapids, Mich., at 101-19. Following are the bids:

‘

[VOL. LXVI.

THE CHRONICLE.

678

N E W LOANS.

LOANS.

$1,745,890, w hich w as u pon a low and v e ry con serva­
tiv e basis o f va lu a tio n .
'
„
.
Its total bon d ed in debted n ess fr o m all sou rces is
$46,000. T h e to ta l r a le o f ta x a tio n in th e year 1897
fo r S tate, cou n ty an d local purposes w as $2 87 on

each one hundred dollars valuation.

_

B y its In corp oration A c t th e C ity is au th orized,
su bject to an affirm ative v o te o f its electors, to issu e
its bonds in a su m n o t ex ceed in g *15o,000 to r procur­
ing w ater and constructin g m unicipal w ater-w orks,
and in a n ecessary su m fo r constructin g m u m ci at
electric-ligh t w orks. A special election w as called
b y t h e C ity Council fo r O ctober 7 ,1 8 9 7 , a t w hich
election th e electors o f th e city vo ted in la v o r ot
b ond in g th e city in th e su m o f $130,uOO fo r m unicipal
w ater-w ork s an d in th e stun o f $20,0' ¡O fo r a m u nici­
pal electric-ligh t plant by a v o te o f 409 in fa v o r o f
and 130 again st. In Decem ber, 1897, an acti >n in
quo w arranto w as in stitu ted in t h e Supreine C ourt
o f N e vad a b y M r . A . G F letch er, In w hich th e c o n ­
stitu tion ality ot th e in corp oration A c t w as assailed
u pon tw e lv e d istin ct grou nd s and also in w hich th e
le gality, regu larity and sufficiency o f th e special
election held on O ctober 7 ,1 8 9 7 , w as q uestion ed . On
th e 23d day o f F ebru ary, 1898, th e Suprem e C ourt ot
Nevada filed its unanimous opinion in the action, m
w hich 1t sustained the constitutionality o f the in­
corporation Act and th e legality, regularity and the
sufficiency o f th e special election in each .an d ev ery
particular. T h e City C ouncil is authorized b y law to
raise th e n ecessary fu n d s w ith w m oh to m e e t tn e
bon d in te re st charges and to liqu idate t h e principal
by eith er direct ta x a tio n o f all property or by w ater
and ligh t charges ag a in st users, or by b o tu . __

R . S« OflJjUKJNt

A tte st:
P resid en t C ity C ouncil.
F . B . P O R T E R , C ity Clerk.
R e n o , N e v a d a , M arch 7th , 1898.

$ 5 0 ,0 0 0
CITY OF

SPARTANBURG,S.C.,
30-Year 6% Sewerage Bonds.
N O T IC E O F S A L E O F B O N D S .
T h e C ity o f Spartanburg, 8 , C., w ill rec eiv e bids at
th e City Treasurer’s Office u n til 12 o ’clock n oon
A p ril 1 6 ,189 8, f o r th e purchase o f $50,000 th irty-yea r
6 p er cen t Sew erage B on d s o f said city.
A ssesse d V a lu a tio n (18 97 ).....................................$2,817,987
T o ta l B on d ed D e b t (Including th is issu e )........ $99,500
F lo a tin g D e b t
.......... ....................., .N othin g.
T h e City reserves th e right t o reject an y or all bids.
F o r p rospectu s or fu rth e r in fo rm a tio n , address,
ARCH B. CALVERT,
M ayor.

$ 1 0 0 ,0 0 0

DEER LODGE COUNTY*
MONTANA,
COURT-HOUSE AND JAIL
5 PER C E N T B O N O S .
N o tic e is h ereb y giv e n th a t sealed p roposals fo r t
purchase o f $ 1 0 0 , 0 0 0 o f coup on b o n d s o f D e e r
L od ge C ou n ty , S ta te o f M on tan a, a r e In vited and
w ill be receive d to and in clu d ing A p ril 19 th , 1898.
T h e D e n o m in a tio n o f each b o n d w ill b e $1.000
T h ey sh all h e payable in la w fu l m o n ey o f th e U n ite d
S tates, red ee m ab le a t th e p leasu re o f t h e C o u n ty
a fte r th e 1st day o f Janu ary, A . D . 1909, and payableon t h e 1st day o f J an u ary, A . D . 1919, an d w ith in ter­
est at th e rate o f five p er c en t p er an n u m p a y a b le
sem i- an n u ally on th e 1st d ay o f J anu ary an d t h e 1st
day o f J u ly o f each year. T h e bon d s sh all b e d a te d
a t th e tim e o f issu e and sh all bear in te re st o n ly fr o m
th e d a te o f issu e. T h e b ond s sh a ll b e issu ed in s u m s '
o f $10,000 m o n th ly on t h e 1st d ay o f each m o n th b e­
gin nin g on th e 1 st d ay o f J u ly , A . D 1898, u n til t h e
w h o le a m ou n t is issu ed . T h e b ond s m u st n o t sell fo
less th a n th e par v a lu e th e re o f. T h e b ond s as w e lt
as th e in te re st sh all be p ayab le a t t h e office o f t h e
C ou n ty T reasu rer o f said C ou n ty .
Sealed p roposals are also in vite d for said b ond s is ­
su ed all a t th e sam e tim e, say J u ly 1st le>98. Sealed,
proposals m u st be filed w ith M . M a rtin , C o u n ty Clerk,
a t A nacon da, M o n ta n a , on or b e fo r e A p r il 19th,1898
and th e sale w ill tak e place A p ril l 0 th , 1898. T h e
p erson offering th e h ig h e st priee f o r said b ond s is en
title d to receive th e a m o u n t o f su ch bon d s w hich h e
offers t o b uy. Certified check o f $1,( 00 m u s t a ccom ­
p any each proposal as a g u a ra n ty o f g o o d fa ith .
Said bonds sh all be den om in ated series C and n u m ­
b ered c o n se cu tiv e ly fr o m 151 t o 250. T h e m o n e y te*
oe borrow ed on said bonds is f o r t h e purp ose o f
b uildin g a cou rt h o u se and ja il f o r said c o u n ty .
A l l or a n y bid s m a y be rejec te d .
_ B y order o f th e B oard o f C ou n ty C om m issioners o f
eer L o d g e C o u n ty , S ta te o f M o n ta n a .
M . M A R T IN ,
C ou n ty Clerk.

Washington Securities
M U N IC IP A L BONOS.
Wanted.
Securities Netting from
to 6#
T h e undersigned w ill purchase M ortgages and
o th e r secu rities. S h eriff's Certificates o i S ale, and
W a r r a n ts issu ed b y C oun ties, Cities, T ow n s and
S ch ool D istricts o f t h e S ta te o f W a sh in g to n .

C A LV IN

PHILIPS,

C A L IF O R N IA

TACOM A,

-

B U IL D IN G .

W A S H IN G T O N ,

A L W A Y S ON H A N D .
Send f o r our In v e s tm e n t Circular.

D UK E M. F A R S O N , Banker

ttnicipal

B o n d s.

1 8 2 D earborn s t r e e t
C H iC A tiO ,

679

THE CHRONICLE

Atril 2, 1898.]
■ev

......... ...................... ■■■■■■■

■■

. ..

.■■■■'

...

■

W atertown, Mass—Temporary Loan.—The city has nego­
tiated a loan of $150,000 with F. S. Moseley & Co., Boston.
Loan was made in anticipation of the collection of taxes and
malnres November 1,1898.
Waukegan, 111.—Bonds Proposed.—An ordinance pro­
viding for the issuance of $4,000 harbor improvement bonds
is under consideration by the City Council.
W ebster Groves, M o.—Bonds Voted.—On March 22, 1898,
the election held to vote on the question of issuing $25.000 6#
20-year municipal bonds resulted in favor of the proposition
by a vote of 292 to 107.
W ellington, Ohio.—Bond Sale.—On March 29, 1898, the
$30,000 4% electric-light and water-works bonds were awarded
to the Society for Savings, Cleveland, at 10^*0437. Follow­
ing are the bids :
S ociety fo r S ayin gs, C le v e ... .$30,018 18 I T h e L a m p re ch t B ro s. Co.,Cleve.$29.7C0
H o m e S ay. B ank , W e ll, n gton . 30,000 00 |

Bonds mature March 1, 1930, subject to call $1,000 yearly
on March 1 from 1901 to 1930.
Westchester County (P . 0. W hite Plains), N. Y —Bond
Sale.—On March 31, 1898, the $30.000 4% jail bonds were
awarded to Isaac W. Sherrill, Poughkeepsie, at 104-85. Fol­
lowing are the bids:
Isaac W . Sh errill,'P ou gh k eep sie. 104*86 | W e stc h e ste r Co. N ation al B a n k ., 101*00
Sing Sing S ayings B a n k ....................104*75 E d w . C . J on e s C o., N e w Y o rk ........ 100 70
B . B. Sm ith & C o., N e w V o r k ........102 52 D a n ’l A . M o ra n & C o., N ew Y ork .I00'68
G e o . M . H a h n , N ew Y o r k ................ 101-76 I S tre et, W y k e s & C o., N e w Y ork , .100*40

Bonds mature $10,000 yearly on July 1 from 1906 to 1908.
inclusive. For further description o f bonds see Chronicle
March 26, 1898 p. 631.
West Springfield, Mass.—Bond Meeting.—A t the town
meeting to be held April 6, 1898, the question of issuing
bonds for increasing the water supply and $50,000 bonds to
refund existing indebtedness will be voted upon.
W illiam son County, Texas.—Bonds Approved and Sold.—
The Attorney-General on March 28,1898, approved for regis­
tration $33,000 refunding bridge bonds, sold to J. B. Old­
ham & Co., Dallas. The Attorney-General also approved
$13,000 refunding jail bonds and $5,000 refunding vault bonds.
W illiam stow n, Mass.—Loan Authorized.—A t the town
meeting held March 28, 1898, the Selectmen were authorized
to borrow $8,000 to buy new land for the cemetery.
W indsor, 111.— Bond Sale.—The township has sold to N.

N E W LOANS.

Government, Municipal

W . Harris & Co., Chicago, $52,000 5% 1-20 year (serial) re­
funding bonds at 101 502.

Woodbine School District Harrison County, Iowa.—

Bonds Voted.—On March 14, 1898, the district, by a vote of
71 to 10, authorized the issuance of bonds.
W ytheyille, Ya.—Bond Election.—An election will be held
April 26, 1898, to vote on the question of issuing not more
than $90,000 5-34 year (optional) water and refunding bonds.
Securities are to bear not more than 5# interest, payable semi­
annually.
York County (N eb.) School D istrict No. 12.— Bonds Re
corded.—The Secretary of State has recorded $18,000 bonds
issued by this district.

STATE AND CITY DEBT CHANGES.
Sherman. Texas.—J. C. Edmunds, Mayor ; J. H. Wharton,
Secretary. Sherman is the county seat of Grayson County.
I m p r o v em e n t B ond s—
LOANS—
When Due.
Texas & P
H

and Railroad Bonds
BOUGHT AND SOLD.
Descriptive Lists on Application.

C. H. W H IT E & CO.,
BANKERS,
3 1 N A S S A U S T ., N E W Y O R K .

SYRACUSE
RAPID TRANSIT RAILWAY

BONDS

R

y

tral

F

u n d in g

B

o nd s-

N E W YORK,
P H IL A D E L P H IA

-

C

ourt

H

ouse

B

o nd s—

6s, April 10, $32,000.April 1 0 ,’35
Int. payable at Austin, Tex.
Total debt Feb. 1 ,1 8 9 8 ....$ 3 2 .0 0 0

BANKERS,

3 1 N A S S A U S T . (B a n k o f C o m m e rce B ld g .)

WARRANTS.
R O B T . E . S T R A H O R N & C O .,
K g u ita b le B u ild in g ,
B oston , M ass.




orks

B

onds—

Assessment about 23 actual value.
Tax rate (per $1,000).............$9*75
Population in 1890 was.........3,804
Population in 1895 (est,).......5,000

PUBLIC SECURITIES

Investment Bonds
FOR

FO R

New York Savings Banks
SAVINGS BANK AND TRUST
and Trustees.
FUNDS.

L IS T S

SENT UPON

A P P L IC A T IO N

LISTS MAILED ON APPLICATION.

M EM BER S OF BOSTON A N D N E W Y O R K
STOCK E X C H A N G E S .

Parson, Leach & Co.,

R. L. DAY & CO.,

C H IC A G O ,
IOO D ea rb orn S t.

NEW Y O R K ,
2 W a l l S t.

$175,000

Los Angeles Traction Co.
1 st M o rtg a g e 6% 2 0 - y e a r G o ld B on d s .
T o ta l issu e $250,000.
F irst M o rtg a g e a t $14,000 p er m ile.
N e t earnings fo r 28 m o n th s o f op eration . $69,083 99
eq u ivale n t to 12jC on th e to ta l issu e o f b ond s.
P o p u lation o f L o s A n g e le s 103,079.
Send f o r fu ll d escription o f property.

4 0 W a t e r S tr e e t, B o sto n .
1 B r o a d S tr e e t, N ew Y o r k .

HIGH-GRADE
State, Municipal, County, School

BONDS.
Legal in v estm en ts f o r P avings B a n k s in N e w Y ork
an d all N ew E n glan d .

Kudolph Kleybolte & Co.,

E. H. ROLLINS & SONS,

B A N K E R S ,

1 9 M ilk S tr e e t, B o sto n , M a ss.

3 5 an d 3 7 N assau S tr e e t, N ew Y o r k ,

WHANN & SCHLESINGER

L IS T S M A IL E D UPON A P P L I C A T I O N ,

C in cin n a ti.

P h ila d e lp h ia .

ADAMS & COMPANY,

2 W ALL

STREET,

NEW

YORK.

BANKERS
D E A L E R S IN

IN V E STM E N T BONDS,
M e m b ers o f B o sto n S tock E x c h a n g e .'

MASON, LEWIS & CO.,
BAN KERS,
6 7 M ilk S tr e e t, B o sto n ,
1 7 1 L a S a lle S tr e e t, C h ica g o ,
OFFER FOR SALE

C a refu lly selected, H ig h -g r a d e S tate, C ou n ty , City
and P ublic School Issu es,m a tu rin g In 6 to 24 m on th s
and earn ing 6 t o 8 p er ce n t ou r sp ecialty.

W

IN V E S T M E N T S .

BOUGHT AND SOLD.

liI S T S ON A P P L I C A T I O N .

ater

IN V E S T M E N T S .

Government a n d
M UNICIPAL BONDS.
Municipal Bonds

N. W. HARRIS & CO.,

W

Uvalde County, Texas.—M. W . Collier, Treasurer. County
seat is Uvalde.
LOANS—
When Due. Tax valuation, 1897___ $2,979,890

1 N ASSAU STREET,
C IN C I N N A T I .

A P P R A IS E M E N T S M A D E O R Q U O T A T IO N S
F U R N IS H E D F O R T H E P U R C H A S E , S A L E , « k
E X C H A N G E O F A B O V E S E C U R IT IE S .

6s, M&N, $19,000.......Nov. 1, 1932
Subject to call after 1902
6s, J&J, $4,000.........Jan. 15,1934
Subject to call after 1914
6s, A&O, $20,000...................... 1935
($500 payable yearly.)

68, M&O, $ 3 2 ,0 0 0 .....................1930 6s, A&O, $59,000.......... July, 1936
($1,000 payable yearly.)
Subject to call In 1906.
INTEREST on the water bonds is payable at the National Bank of
the Republic, New York City; on the Texas & Pacific Railroad bonds
by State Comptroller at Austin; on all other bonds at the National
Park Bank, New York City.
TOTAL DEBT, E t c . — The total bonded debt on Feb. 1, 1898,
was $193,644; water debt (included) $59,000; cash on hand, $27,714.
The net debt on Feb. 1 .1 8 9 8 , was $165,930.
ASSESSED VALUATION in 1896 was $4,478,377; in 1890 it was
$2,817,000. Total tax rate (per $1,000) in 1897 was $13*40. Valua­
tion In 1897 (about % actual value) was $4,500,000.
POPULATION in 1890 was 7 ,335; in 1880 was 6 ,093; in 1896
about 12,000.

Bought and Sold.

E D W A R D C . JO NES CO.

.—

& T e xa s C en­
R e f ’d ’g B o n d s —

ouston

6s, A&O, $22.000...................... 1912
($1,500 payable yearly.)

S U IT A B L E

I

a c if ic

8s, Feb. 12, $ 37.644.. Feb. 12,1904

S to w e , Y t . ..................................................... 4 s
w e d a iia , M o .............
4M
T r in id a d , C o l. (G o ld ).............
5s
L a k e C ou n ty , I n d ..................
5s
S o u th O m ah a , N eb.. ................
5s
M om en ce, 111....................................
5s
B a n g o r & A r o o s to o k R R . F ir s t M ortg .. .5 s
T h e A k r o n G a s C o „ A k r o n , O ., 1 st HItg.5e

No. 7 Congress and 31 State Streets,

BOSTON
B U Y AND S E L L

TEXAS MUNICIPAL BONDS.
BANK STOCKS.
R. N. MENEFEE & CO., BANKERS,
CHARLES W. ROSENBERGER.
1 8 W a ll S tr e e t , N ew Y o r k .

680

THE CHRONICLE.
¡Jtwjestmeuts
SOUTHERN.
W
W

B A N K E R S,

16 Congress Street, Boston.
STATE, CITY & RAILROAD BOND*

W . J. Hayes & Sons,
BANKERS,

il l ia m W il s o n
i l s o n , Co l s t o n

BAN KERS,

121 Devonshire Street,
BOSTON.

B A N K E R S AND R R O K E R S ,
1 1 5 -1 1 7 L A S A L L E S T R E E T .

2111 E a st B a lt im o r e S tr e e t, B a lt im o r e .

In v e stm e n t and M iscellan eou s Secu rities a sp ec­
ialty, and w h o le issu es band ied.
E xceptional facilities fo r d ealin gs in all c la sses o f
Southern B on d s. L o a n s on C ollateral S ecurities
n egotiated .

NEW YORK.

NORFOLK, V A .

C h ic a g o . I lls .
P rivate w ire to New Y o r k and P hiladelphia.

INVESTMENTS.

Sidney Loeb 8c Co.,

John W . Dickey^

Successors to L o e b

MORTGAGE BANKERS,

AUGUSTA, GEORGIA.

F irst M ortgages fo r sale in large and sm all am ounts,
n ettin g in vestors 5,
and 6 per cen t, secured by
im p roved an d in com e-b ea rin g Chicago city property

A N D A LL KINDS OP
C O TTO N C A N V A S F E L T IN G D U C K
C A R C O V E R IN G B A G G IN G ,
R A V E N S D U C K , S A I L T W I N E , AC.,
P O P E “ A W N I N G ” 8T R IP B 8.
AGENT

S E C U R IT IE S .

Davenport

C O R R E S P O N D E N C E S O L IC IT E D .

A.

Co.,

&

C.

W .

Branch

Co.,

&

BANKERS AND BROKERS
St a t e b a n k B u i l d i n g

R I C H M O N D ,

G .

Becker 8c Co.,
(INCORPORATED).

COMMERCIAL PAPER.
199 La Salle St., Chicago, 111.

PITTSBURG.

In

T h is C om p an y u nd ertakes t h e n egotiation and
issu e o f loan s and capital o f C om p anies on th e New
Y ork or P h ila d e lp h ia M a rk et an d w ill m ak e ad
▼ances u pon approved Corporate, P erson al or Real
E sta te Security.
U n d er its ch arter rig h ts it w ill a c t as T ru ste e,
A g e n t or M an ager fo r th e con trol o f corporations
or fo r th e construction o f p u b lic or p rivate works

W.

T ra n sa ct a g e n er a l b an k in g busin ess.
A llo w *
In te rest on d ep osits.
M em b ers o f th e P h ilad elp h ia an d N e w Y o r k Stock
E xc h an ges, an d con n ecte d b y p rivate wire witb
N ew Y o rk .

Edward B. Smith 8c Co.,
BANKERS AND BROKERS,
B O U R SE B U IL D IN G .

P E IY .

PHILADELPHIA.
M em bers P h tla. an d N e w

CORRESPONDENTS
B ank o f N ew Y o rk , N . B . A .
First N ation al B a n k o f P hiladelp hia.

P I T T S B U R G ,

Ladd 8c Tilton,

P A .

ESTABLISHED 1871.

BAN KERS,

V^hitney 8c Stephenson,

PO RTLAND, OREGON.

BANKERS A N D BROKERS

Exchange Building,
TVTA«iVi
53 State Street,
ROSION, MASS.
Books audited. Examinations and investiga­
tions conducted with the utmost care
and efficiency.

O ldest P ittsb u rg M em b ers N . Y . Stock E xoh ange.

E S T A B L I S H E D I N 1869.

T. Mellon 8c Sons’ Bank,
P IT T S B U R G H , P A .
GENERAL

B A N K IN G ,

C O L L E C T IO N S

IN V E S T M E N T S .

No. 8 B R O A D S T R E E T , N E W Y O R K .

CINCINNATI.

ATTORNEY

A T T O R N E Y -A T -L A W ,

Investments and Corporations.

B usin ess

t t e n t io n .

MINING INVESTMENTS.

H.

y .

von Hemert 8c Co.,

B A N K E R S AND B R O K E R S ,
C O L O R A D O S P R IN G S ,
- COLO.

Ed w a r d s W

h it a k e r

,

Ch a r l e s H o d g m a n

Irwin, Ellis 8c Ballmann, Whitaker 8c Hodgman,
BANKERS AND BROKERS

BOND AN D STO C K B R O K E R S ,

D e a l e r in C i n c i n n a t i B o n d s .

3 0 0 N o r tlk F o u r t h S t r e e t ,

No. 3 7 E a st T h ir d S t.. C in cin n a ti, O h io

« T . T.OTTTS
Ja m e s R i c h a r d s o n

Theodore Leonard,

B a n k in g

M e m b ers C olorado Springs M in in g Stock A ssoc iation ,
W e e k ly M a rk et L e tt e r sen t u pon application.

STOCKS AND BONDS.
IN T E R E S T A L L O W E D ON B A L A N C E S ,
a rk et L e tt e r on A p p lic a tio n .
C orresp ond ence
In v ite d . E sta blish ed 1868
A l l classes o f U n listed S ecurities an d Traction
S to c k . B ou gh t and Sold

T ra n sa ct a G e n e ra l

Co l l e c t io n s G i v e n S p e c ia l A

Fred. H, Smith,
Hi A B O I N A C C O U N T S S O L I C I T E D .

Y o r k Stock E x c h a n g e s

MISCELLANEOUS.

N o . ST F O U R T H A V E N U E .

W M . FR A N K LIN HALL,
Accountant,

St.,

N o. 139 S ou th F o u rth
P H IL A D E L P H IA .

BAN KERS,

P IT T S B U R G ,

Clark 8c Co.,

B A N K E R S A N D BROKERS,

N. Holmes 8c Sons,

3 1 0 C hestnut St., P h ila d e lp h ia ,
9 8 0 0 ,0 0 0

E.

V A .

P riv a te w ires conn ectin g with W a sh in g to n , B a lti­
more, P hiladelp hia, N ew York, B o sto n and Chicago
N ew Y o rk C orresp ond ents: M essrs. Lad en b n rg
Phalm ann & Co. and L eh m a n B ros.

The Investment Company
of Philadelphia,




S T R E E T , C H IC A G O .

PHILADELPHIA.

COTTON SAIL DUCK

B ldg.

& G atzert,

BROKER,

ESTABLISHED 1860,

M A N U F A C T U R E R A N D D E A L E R IN

Wheeler

Exchanges

1 0 » LA SALLE STREET.

C orrespondence solicited and in fo rm a tio n f u r ­
bished about Southern S ta te, M u nicipal an d R a 1
r )ad In v e stm e n t Securities.
R eferen ce—B an k o f N ew Y o r k N . B . A .

B r fn c k e r h o fi, T u r n e r & C o.,

R e fere n c e, F ir st N a tio n a l B an k .

Chicago

Jamieson 8c Co.,
MemDers N e w Y ork and C hicago Stock

ANS» B B O E S B I ,
R IC H M O N D ,1 V I R G I N I A .

A SUCCESSOR TO

CO LU M BU S, O H IO .

E xchange,

B A N K E R S

J. Spencer Turner,

-

8to c k

P rin cip a l and In te r e st P a y a b le In G o ld .

L IST S.

-

Y ork

8 o c k E xch an ge an d Chicago Board o f T rad e.

S T O C K S -B O N D S ,
Bankers and Brokers,

SOUTHERN

MUNICIPAL WARRANTS.

P a id -U p C a p ita l,

C H IC A G O , IL L S ,
M em bers N ew

LA SALLE

William E. Nichols,

U N IT E D S T A T E S B U N T IN G CO.
A full su pp ly a ll W id th s and C olors, alw ays
stock.
10 ft D u a n e S tr e e t, N e w Y o r k .

A. O. Slaughter 8c Co.,

M em b ers o f B altim ore Stock E x c h a n g e .
B AN K ER S,

SOUTHERN

MUNICIPAL BONDS.

E. C. STANWOOD & Co.

FOR

& C o .,

CHICAGO

E sta b lish ed 1802.
“
1887.

Wilson, Colston & Co.,

S tre et R a ilw ay B onds, and o th er h ig h -g ra d e tn
v e stm e n ts.
B D 8T O N , M A S S .,
C le v e la n d , O h io ,
7 E x c h a n g e P lace.
3 1 1 - 3 1 3 S u p e r io r S i
Cable Address. "KENNETH.”

SEND

& So n s ,

Mottu, de Witt 8c Co.,

DEALERS IN MUNICIPAL BONDS,

-

©ttt of fjettr ‘Ujcneh.

% x x fa z x s

Blodget, Merritt 8c Co.

15 W A E Ii ST R E E T ,

[V et. LXVI.

S easo n g o ö d 8 c M

ayer,

H ig h -G ra d e C ity, C ou n ty T ow n and S ch ool Boncu,
issued in leadin g prosperous S tates o f th e Union,
•specially adap ted fo r s a f e and p erm an en t in v e st­
m e n t f o r E s ta te s and T r o s t F u nds.

oward

L e e Cl a r k

Richardson 8c Clark,

9. W . C o r n e r T h ir d a n d W a ln u t S tro o to ,
C IN C IN N A T I, O H IO .

MUNICIPAL BONDS.

H

25

BANKERS.
Exchange Street, Providence, R. I .
Commercial Paper, Bouda, Stocks anil
Looal Securities»

ix

THE CHRONICLE.

A pril a rise s.]

fitta n e tal.

g t t s w v a n c je .

fin a n c ia l.

1850.

B A N K IN G H O U S E O F
O F F IC E O F T H E

A TLA N TIC M UTUAL
INSURANCE CO.
N e w Y o r k , January 21,1 8 98 .
The Trustees, in conformity with the Charter
of the Company, submit the following statemont of its affairs on the 31st of December,
1897:
Premiums on Marine Risks from
1st January, 1897, to 31st De­
cember, 1897..................... ....... $2,844,038 61
P re m iu m s on Policies not
.»
marked off 1st January, 1897. 1,047,955 31

Total Marine Premiums............ $3,891,993 92
Premiums marked off from 1st
January, 1897, to 31st Decem­
ber, 1 8 9 7 ........ ............... ........ $2,653,653 09
Losses paid during
the same period.$l,425,630 20
Returns of
Premiums
& Expen’s .$684,939 39
The Company has the follow­
ing Assets, viz.:
United States and City of New
York Stock : City Banks and
other Stocks............................... $7,330,895 00
Loans secured by Stocks and
1,157,000 00
otherw ise............ .......... . . . . . .
Real Estate and Claims due the
Company, estimated a t ..........
1,121,500 00
Premium Notes and Bills Re­
ceivable ...............................
1,026,605 97
Cash in Bank.................................
286,42411
$10,922,425 08

Amount

Six per cent interest on the outstanding cer­
tificates of profits will be paid to the holders
thereof, or their legal representatives, on and
after Tuesday, the first of February, next.
The diminished income yielded on investments
in recent years may in the future render neces­
sary a reduced rate of interest on certificates.
The outstanding certificates of the issue of
L892 will be redeemed and paid to the holders
thereof, or their legal representatives, on and
after Tuesday, the first of February next, from
which date all interest thereon will cease. The
certificates to be produced at the time of pay­
ment, and canceled.
A dividend of Forty per cent is declared on
the net earned premiums of the Company for
the year ending 31st December, 1897, forwhich
certificates will be issued on and after Tues­
day, the third of May, next.
By order of the Board.

1898.

The United States Life
Insurance Co.

H A IG H T & FR EESE,
68 B R O A D W A Y , N E W Y O R K .
B osto n , 86 S tate S t.; P h ilad elp h ia, 402 W a ln u t S t.
E x e c u te ord ers in Stocks, B on d s, Grain, C otton
and P ro v isio n s on th e N ew Y o r k , P hiladelp hia, B o s­
ton an d C hi' ago G rain and Stock E x c h a n g es fo r in­
v e stm e n t o r to b e carried on m argin o f 3 to 6 per
cen t a t m od erate rates o f in te re st and 1-16 com m is­
sion . In te r e st allow ed on m argin s and deposits sub­
je c t to check a t sigh t.

D E T E R M IN IN G T H E F I N A N C I A L R E »P O N S IB 1 L IT Y OF T H E F IR M W IT H
W H I C H Y O U D E A L IS A S I M P O R T A N T
A S S E L E C T IN G T H E R I G H T S T O C K S .
P rivate w ires to B o sto n , P h iladelp h ia an d C hicago.

B ran ch Office. 1 1 3 2 B r o a d w a y , N ew Y o r k .

The Mutual Benefit
L I F E IN S U R A N C E C O ., N E W A R K , N. J .
A M Z I D O D D , P resid en t.
A s s e t s (M ark et V a lu es) J a n .l, 1898........ $63,649,749 84
Liabilities (N . J ., and N . Y . S ta n d a r d ).. 68,864,824 60
S urp lu s.............. ........................................................ 4,784,926 2J

IN T H E C I T Y O F N E W Y O R K .
A ll P o lic ie s n o w issu ed b y th is C om pany
co n ta in the fo llo w in g c la u s e s ;
“ A ft e r on e v e a r from th e d a te o f issu e , the
lia b ilit y o f th e C om p an y u n d e r th is p o licy
sh a ll n ot be d isp u te d .’ ’
“ T h is p o licy co n ta in s n o r e s tr ic tio n w h a t ­
e v e r upon ■he in s u re d , in re s p e ct e it h e r of
tr a v e l, re sid e n c e o r o c c u p a tio n ”
A il D eath C la im s p a id W IT H O U T D I S ­
COUNT a « soon as s a tis fa c to r y p ro o fs h a v e
been r e c e iv e d .

Active and Successful Agents, wishing to repre­
sent this Company, may communicate with
RIO SARD E COCHRAN, 3d Vice-President,
at the Rome Office, 201 Broadway, New York.
O FFICER S:]
G E O R G E H . B T T I t P O R D ..................... P r e s i d e n t
.V ic e -P r e sid e n t
C. P . F R A L E I L H ........................... . . . . 2 d V ic e P resid en t
R I C H A R D E . C O C H R A N ..................3d V ic e P res d en t
A . W H E E L W R I G H T ........................................
S eT retsiv
K E N W A V ...
............ .A ssistan t Secretary
W I L L I A M L. S T A N D E N . ..........................
A ctu srv
A R T H U R C. P E R R Y .......... .........................
Cashier
J O H N P . M U N N ......................................... M edicài D irector

G E O G W I L L I A M S ...........................

F I N A N C E C O M M IT T E E :

G E O . G. W I L L I A M S ............ . . .P r e s. C hem . N a t. B ank
J O H N J. T U C K E R .................. .......... ......................... B uilder
E H . P E R K I N S , J r . . . Pres. Im p . & T rad ers’ N a t. B k.
J A M E S R . P L U M .................... ..................................... L e a th e r

P O L I C IE S A B S O L U T E L Y N O N -F O R F E I T A B L E A F T E R
SECOND Y E A R .

I n case of lapse th e In suran ce is continued in
force as lon g as th e valu e o f th e P olicy w ill pay for;
or. if preferred, a Cash or P a id -u p P olicy V a lu é is
allow ed .
A f t e r th e second ye ar Polici es are I nco ntestable ,

and all restrictions as to rtsidtnce, travel or occuvation
are removed.
T h e C om p an y agrees in th e P o lic y t o L o a n up to
th e Cash S urren der V a lu e w hen a sa tisfactory as­
sign m en t o f th e Policy is m ad e as c ollateral security.
L os - es paid immediately upon completion and ap­

proval of proofs.

A . Strassburger,

B A A h iifiii,
18

W ALL

STREET,

NEW

YORK.

E sta b lish e d 1 8 6 5 .
M EM BERS OF N E W Y O R K STO CK E X C H A N G E

Allow interest on deposits subject to sight chec*
Buy and sell on commission stocks and bonds either
for cash or on margin, and deal in

Investment Securities.
U. J. m o r h s , C h a s D . M a r v i n , w

STO C K S & B O N D S B R O K E »
S O U T H E R N I N V E S T M E N T S E C U R I T IE S ,

m

K tddxb

American Express Co,

Montgomery, Ala.

E s ta b lis h e d 1841.

SECURE BANK VAULTS

Capital, $18,000,000.

65 BROADWAY.
Issues TRAVELERS CHEQUES imr
diately available as funds every whe

Draws FOREIGN DRAFTS in Sterli
Francs, Marks, and Money Orde .
GFNUIWE
\ELDED CHROME STEEL AND IROb on all parts of the Commercial World.
R o u n d an d F la t B ars and 5 -p ly P la tes and A n g le s
F O R S A F E S , V A U L T S , A c.
C ann ot h e Saw ed, C ut or D rilled , an d positively
B urglar P r o o f.
C H R O M E 8T E E L
W O R K »,
K e n t A v e ., K eap & H o o p er 8 ts .
Sole M a n ’ f ’erslin th e U . 8 .
B R O O K L Y N . N. V

Makes CABLE TRANSFERS of monej
to England and the Continent.
These facilities are obtainable at all
offices of the Company.
" •

W ix itiU Q ^ a p j e r .

W

- W

J. H. CHAPMAN, Secretary.
TRUSTEES:
Gustav Amsinok,
Joseph Agostini,
Vernon H. Brown,
Waldron P. Brown,
William B. Boulton,
Francis M. Bacon,
Charles P. Burdett,
George Coppell,
Joseph H. Chapman,
James G. De Forest.
William Degroot,
William E. Dodge,
Everett Frazar,
Edward Floyd-Jones,
Horace Gray,
Anson W. Hard,
Clifford A. Hand,
William

B A N K E R S S H O U L D T H IN K

Henry E. Hawley,
John D. Hewlett,
Charles D. Leverich,
Leander N. Lovell,
James Low,
W. H. H. Moore,
Charles H* Marshall,
George H. Macy,
Frederic A. Parsons,
George W. Quintard,
John L. Riker,
A. A. Raven,
N. Denton Smith,
Lawrence Turnure,
Paul L. Thebaud,
Christian de Thomsen,
Gustav H. Schwab,
H. Webb.

A . A. RAVEN, President.
F. A- PARSONS, Vice-Pres't.
CORNELIUS ELDERT, 2 d Vice-CPres’t.
THEO. Pi JOHNSON, 3 d Vux-P reft.




More seriously about the paper used in their ac­
count books.

Do yon know the Whiting Linen

Ledgers ? They are perfection, and w ill withstand
the severest tests o f erasure and re-writing.

They

are made in tints that give the eye most ease by nat­
ural or artificial light.

Recommended by oculists.

W rite for samples and booklet, free.

W H IT IN G P A P E R C O M P A N Y ,
H olyoke , Mass., and 150 D uane Street, New Y ork .

W

W

z

THE CHRONICLE.

■a—

—- —

■ 'I '

ffttïîrocta l.

______________b o t t o m . ______________

BANKERS AND BKOKEBS,

Chas. Fairchild & Co.,

MERCHANTS

16 to 22 WILLIAM STREET4
NEW

_______ F in a n cia l.

W . T. Hatch & Sons,

W OODW ARD
& STILLM AN,
COTTON

[Voublttl

..........

High-Grade investments,

M e m b ers o f N . Y . S tock an d P ro d u c e E x c h a n g es.

29 W a ll S treet, M ew Y o rk .

D ealers n in v e stm e n t stock s an d b on d s.
P erson al a tte n tio n g v e n a t th e N e w Y o r k Stock
E x c h a n g e f o r th e purchase an d sale o n com m ission
o f stock s and bon d s f o r cash o r on m argin

M embers

YORK.

96 Broadway & 6 W a ll S t., New York

New

Y ork

S to c k

E xch an ge

UOTTON OP A L L G R ADES SU ITA B L E TO
W ANTS OP AM ERICAN SPINNERS.
■HUAM, STERN it C o ., L im ite d , N ew O rleans. L a.
Ii IH U A N -D u h b C o ., M o n tg o m ery , A la .

LEHMAN

HAVEN & STOUT,
BANKERS AND BROKERS,
l Nassau Street, Corner Wall Street,

BROS.,

CO M M ISSION M E R C H A N T S ,

C N E W Y O R K STOCK E X C H A N G E ,
M em bers o f { N E W Y O R K C O T T O N E X C H A N G E ,
[ C H IC A G O B O A R D O F T R A D E .

Nos. 16-22 William Street,
NEW

YORK.

F.

H.

Prince & Co.,
BANKERS

BOSTON, MASS.

O rd ers e x ec u ted on a b o v e E x ch an ges in

M EMBERS OF TH E STOCK, COTTON, OOF
P E E A N D PRODUCE E XC H AN G ES,
N EW Y O R K

BONDS, STOCKS, COTTON, CRAIN.
$JCrtt0tt.

Orders ex ecu ted o n th e a b o v e E x c h a n g es, as well
In N ew O rleans, Chicago an d fo r e ig n m ark ets

H I G H GRADE I N V E S T M E N T S
M e m b ers o f N e w Y o r k an d B o sto n S tock E x c h a n g e s

Henry Hentz & Co ,
COM M ISSION
1 0 to

R IO R D A N & CO.,

M ERCH ANTS,

W illia m S tr e e t, N ew Y o r k .

■ «S C U T E ORDERS FOR FU TU R E

D E L IV E R Y

Cotton, Grain,

C O T T O N ,
At

th e

N ew Y o r k , L iverpoo l and New Orleans
C otton E x c h a n g es. A ls o orders for

Stocks,

BA N K E R S,

NEW YORK.

Mo. 10 W A L L S T R E E T ,
MEW Y O R K .

CO f F EE,
A t m e N e w Y o r k Coffee E x c h a n g e , and

G R AIN

D E A L E R S IN

AND PROVISIO NS,

INVESTMENT and MISCELLANEOUS
SECURITIES.
Southern Securities a Specialty.

A t th e N e w Y o r k P rod uce E xch an ge
and th e Chicago Board o f T rad e.

Hopkins, Dwight & Co., Hubbard Bros. & Co.,
C O T T O N , C O T T O N -S E E S O I L
ANP

SOU TH ERN PRODUCE

COMMISSION

BANKER,

H a n o v e r S q u a re,

No. 1 BROADWAY, NEW YORK.

YEW YORK.

INVESTMENT SECURITIES.

COTTON

M ERCHANTS.

N E W YORK

L ib e r a l A d v a n c e s M a d e on C otton
C on sign m en ts.

Lu ciu s H o p k in s S m ith .
S am u el H op kin s.

C O T T O N E X C H A N G E B U IL D IN G ,
N E W YÔRK.

F r e d e r ic Z e r e g a A C o.

M cF a d d e n , Z e r e g a «Ss C o.

P A U L SCH W ARZ.

1 W illia m S tre e t, N ow Y o r k .
M e m b ers N ew Y o r k C otton an d C offee E x c h a n g e .

C otton lan d ed a t m ills fr o m Southern m a rk ets a
•sp ecialty. Orders -for fu t u r e d elivery contracts
ex e c u te d o n N e w York C otton E x c h a n g e.

L O C O M O TIV E S Richmond Locomotive & Machine W orki

COTTON COMMISSION MERCHANTS,
NEW O RLEAN S, L A .
M E M P H I S , TE N N
DALLAS, TEX.

NATIONAL

OF

BANK

M IL W A U K E E .

C A P IT A L ,
SURPLUS,

.

.

.

.

8 1 ,0 0 0 ,0 0 0
8 2 5 0 ,0 0 0

Tran sacts a G en e ral B an k in g and Foreign E x c h a n g e
B u sin ess. C o lle ctio n s receive Special A tte n tio n .
O F F IC E R S :
F . G . B i g e l o w , P r e s’t .
F . J. K i p p , C ashier.
W m . B i g b l o w . V P r e s t . T . E . C a m p , A s s ’t Cashier.
F . E . K r u e g u u , 2d A s s t Cashier.

San Francisco.
The First National Bank

M o d e rn ly eq u ip p ed sh ops.
A n n u a l c a p a c ity 3 0 0 lo c o m o t iv e .
T e rm s m ad e s a tis fa cto r y .
C orresp on d en ce S o lic it e d

O F SAM F R A N C IS C O , C A L .

M a d is o n S q u a re , N e w Y o r k .
T h e largest, b e st ap pointed an d m o s t lib erally
m an aged h o te l in t h e city, w ith t h e m o s t cen tra
and d eligh tfu l location*

J. A . M o n t g o m e r y

Baily & Montgomery,

H ITCnCOCK D A R L I N G A CO.

COMMISSION MERCHANTS,

Haskins & Sells,

N E W Y O R K .«

Certified P ublic Accountants,

(E x e c u t e O rders f o r fu t u r e D e liv ery o f C otton J




FIRST

S IM P L E O R C O M P O U N D
L O C O M O T IV E S
T H E I R O W N D E S IG N S O R T O S P E C I F IC A T IO N *

Fifth Avenue Hotel,

B u y e rs o f S p ot C otton . Orders fo r C on tracts e x e euted In th e N e w O rleans, N e w Y ork , L iv e rp o o l and
H a v r e M ark ets.

„Grain and Provisions

NEW YORK

RICHMOND, VIRQINIA.

Mason Smith & Co.,

O e tto n E x ch a n g e B ld g .

G . H O W A R D W IL S O N .

C O T T O N C O M M IS S IO N M E R C H A N T S ,

COTTON B R O K E R S ,
1 1 9 P e a r l S tre e t,
N ew Y o rk ,

.

.

Paul Schwarz & Co.,

WM. RAY.

Geo. Copeland & Co.,

b a il y

M e m b ers N e w Y o r k S tock E x c h a n g e ,

C O M M IS S IO N M E R C H A N T S .

L IV E R P O O L CO RRESPON DENTS,

.

Cahoone & Wescott,

C o t t o n , G rain , P rovisions and C o f f e e .

Br e m e n Co r r e s p o n d e n t s ,

Geo. W

B o u g h t an d S o ld bv

R. H. ROUNTREE & CO.,

M ERCH ANTS,

P H IL A D E L P H IA .

M. T. MAINE.

UNITED STATES BONDS

18 W A L L S T R E E T ,

Geo. H. M°Fadden & Bro.,
COTTON

A. S. Van Wickle,

C oliee E x ch a n g e B u ild in g ,

MERCHANTS,

R e a m S ii, C otton E x ch a n g e B u ild in g .
G u stav a» C. H op k in s,
Charles D . M iller.

R. A. Lancaster & Sons,

43 COTTON EXCHANGE,

I

JTO. 8 0 B M O A .Ü S T ., A J S W Y O R K .

U N IT E D S T A T E S D E P O S IT A R Y

C a p ita l, 8 1 ,5 0 0 ,0 0 0 I S u rp lu s, 8 9 5 0 ,0 0 0
S. G . Mu r p h y , P resid en t. Ja s . K. L ynch , C ashier.
J ames Mofpitt , V. P res. J. K. Moppitt , Ast. Cash*
G enera] B anking B u sin ess.

A cc o u n ts S olicited .

Canal Bank,
NEW

ORLEANS,

LA.

(Successor o f N . O , Canal & B ann ing

Co.)

C A P I T A L , 8 1 ,0 0 0 ,0 0 0 J . 0 . M O R R I S . P resid en t. E D W A R D T O B Y , V lo e
P res. E D G A R N O T T , Cashier.
C orresp ond ents—N ation al C ity B an k , N a tio n a l
B a n k o f C om m erce, N e w Y o rk ; B o a tm en ’s B an k St.
L o u is ; N . W . N a tio n a l Bank, C hicago; Merchant»1

National Bank, Boston.