The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
m
Q
J
u
n
o
t
v
e
a
t
s
i o
t
o
n
r
-
s
S
S
u
u
p
p
p
p
l e
l
e
m
n
t
( M
e
m
e
o n t w
j )
n
t
- S
(Q u a r te r ly )
S
t
t
r
e
e
a
t
e
t
R
a
a
n
i l
d
C
w
a
i t
y
y
S
-
u
S
p
u
p
p
i
p
e
l e
m
m
e
n
e
n
t
( Q u a r t e t ^ '
t
( s e m
iA
™
^
[E ntered a ccord in g to A ot o f Congress, in the year 1897, by the W illiam B. D ana Company , in the oflioe o f the L ibrarian o f Oongrewu
YOL. 64.
SATURDAY, APRIL 24, 1897.
Ik e
( £ k
PU BLISH ED
c
0t
t i c l e .
Olearinqe at—
W EEKLY.
Terms o f Subscription—Payable in Advance :
F or One Y ear.............................................. ............................... $10 c o
F or Six M ouths...........................................................................
6 00
E uropean Subscription (including p o sta g e )...................... 12 00
E uropean Subscription Six Months (including p ostage).
7 00
A nnual Subscription in Loudon (including p o sta g e )___ £ 2 10s.
8 ix M o -.
do.
<l".
___ t l lo s .
OO.
The I n v e s t o r s ’ S u p p l e m e n t w ill be furnished without e x t r a c h a r g e
t o every annual subscriber o f the C o m m e r c ia l a n d F in a n c ia l
C h r o n ic l e .
The S t a t e
an d
C i t y S u p p l e m e n t w ill a lso b e fu r n is h e d w it h o u t
extra charge to e v e r y s u b s c r ib e r o f th e C h r o n ic l e .
T he S t r e e t R a i l w a y S u p p l e m e n t w ill lik e w ise b e fu rn ish ed w ith
ou t extra c h a r g e to e v e r y su b scr ib e r o f the C h r o n ic l e .
The Q u o t a t io n S u p p l e m e n t , issued m o n th ly , w ill a lso be fu rn ish ed
without extra charge to e v e r y s u b scr ib e r o f the C h r o n ic l e .
File covers holding six m onths’ issues or special tile covers for Sup
plem ents are sold at 50 cents e a c h ; postage on the same is 18 cents.
Terms o f A dvertising—(P e r inch space).
O ne tim e ................................ $3 50 Three Months (13 tim es)..$25 00
O ne M onth
(4 tim e s).. 1 1 0 0 Six Months
(26 “ ).. 43 00
T w o Months
(8 “
) .. 18 00 T w elve M onths (52 “ ).. 58 00
(The above terms for one month and upw ard are for standing oards.)
W I L L I A M B . D A N A C O M P A N Y , P u b llftH e r i* ,
P in e S tre e t, C o r n e r o f P e a r l S tre e t,
P ost O ff ic e B o x 958.
NEW y o u k .
—On page 793 will be found the detailed returns, by States,
o f all the national banks, under the Comptroller’s call of
March 9, 1897, kindly furnished us by the Comptroller. The
returns for December 17, 1896, were published in the C h r o n
i c l e of February 13, 1897, page 322.
CLEARING HOUSE RETURNS.
The following table, made up by telegraph, etc., indicates
hat the total bank clearings of all the clearing houses
ithe United States for the week ending to-day, April 24,
lave been $970,071,883, against $933,391,835 last week and
$989,333,234 the corresponding week of last year.
W eek Ending A p r i l 24.
C l e a r in g s .
Returns bu Telegraph.
1897.
1896.
P e r C e n t.
New York .............. — .........
Boston
----------------- -------Philadelphia ..........................
B altim ore...............................
Chicago .................................
St. Louis ...............................
New Orleans.......... . . . . . . . . .
$450,788,926
68,413.901
52,5 IS.'* 15
11,856,225
68,092,431
22,416,838
6,803,238
$474,031,136
65,618,896
52.077,728
10,443,238
74.677,835
19,286,330
7,143,871
-4 * 9
+4-3
4 0*9
-rl3*5
-7 6
+16*2
-4 - 8
Seven cities. 5 days ........
Other cities, 5 days ..............
$681,820,204
130,419,263
$703,279,024
120,497,683
31
+3-1
Total all cities, 5 days ...
A ll cities, 1 day. ...................
$312,239,487
153,732,418
$829,776,707
159,455,527
-2 1
-0 *5
$970,971,883
$989/232,234
-1 -8
Total all cities for w eek •
The full details of clearings for the week covered by the
above statement will be given next Saturday. We cannot,
o f course, furnish them to-day, bank clearings being made
up by the various clearing houses at noon on Saturday, and
hence in the above the last twenty-four hours of the week
have to be in all cases estimated, as we go to press Friday night.
We present below our usual detailed figures for the pre
vious week, covering the returns for the period ending with
Saturday noon, April 17, and the results for the corres
ponding week in 1898, 1895 and 1894 are also given. Con
trasted with the preceding week, there is an increase in the
aggregate exchanges of about three and a half million dol
lars, and at New York alone the gain is nearly five and a half
millions. In comparison with the week of 1896 the total for
the whole country shows a decrease of 8'4 per cent. Com
pared with the week of 1893 the current returns record a
decline of 0'1 per cent, and the excess over 1894 is 3-2 per
cent. Outside of New York the decline from 1896 is 7'7 per
oent. The loss from 1895 reaches l'S per cent, and making
comparison with 1894 the gain is seen to be 5'6 per cent.
1897.
NO. 1,661.
Week ending April 17
1897.
1898.
1895,
P. Cent
S
$
550,906,172
—9-0 660,332,392
07,009,72!
—22-5
78.350.67]
18.658.85J
—23-J
17,227,481
—I2*i
14.408.OH
13,735.871
4,118.011
—18 (
3.6S3.B4E
—141
2,075,664
1.965,192
1.587,207
+05
1,418,816
1,001.221
944,584
4-0-5
739,412 —1l'S
—
808 80]
941,942 —32-:
753.331
870.30*
—«1
360,000
609,591,528 —10 9 073.581,058
1894.
2
500,167.995
85,047.156
14,540.154
13,774.865
3,745,904
1,092 639
1,166.735
701,906
625 104
777,488
324.900
602 931,265
Wilmington.......
Binghamton ...
Total MidJle..
507,010,608
59,444.015
14.601,423
12,028,3*1'
3,375,371
1,7»9,3U
1,595,76]
1,006.081
051,637
637,77]
347,601
596,998.591
Boston........... ..
Providence...........
Hartford........ ...
New Haven. ......
Springfield............
Worcester. ..........
Portland...............
Fall River............
Lowell..................
New Bedford........
Total New H
Jng..
93.938 968
90,136.379
5,390,00*.
5,444.80(
2,211,281
2,490,332
1,364.74*
1 497,95]
1,422,18-3
1.375.85]
1,620.221
1,448.715
1,315,901.
1,706,007
716.32*
809.83i
693,93k
675,01tt
724.m
578,250
109,306,574 106.229,542
-H ’2
-o-t
—11*4
—S‘2
+3 '<
+5*(
—22 1
-17-f
+28
4-254
+2*9
79.789 241
5,309,400
2.114,29*
1.354.971
1.222.11::
1,127,64!
1,277,001
724,31!
538,884
440,300
93.938 085
74,641,086
4,283.900
1,709.530
1,381,336
1,184,420
1.236,135
1.099,237
086,091
544,939
320.940
87.147.026
Chicago.................
Cincinnati............
Detroit.................
Cleveland.............
78,578.010
92.037.C34
12,524 80C
12,427.200
5.421,620
5,818,101
6,281,526
0,926,811
4.249.235
5.023 842
4,013,000
4,0* 6,2O
l
2.149.295
2.332 130
1,413.350
1*890,964
1,685,1*1
1.352.233
800,160
688.403
699,232
738.365
302,230
325,446
234.0X
93
300,525
235,061
312.54a
253,000
254.92C
167,009
257.388
225.706
300,830
16T.082
171,000
215,000
231,413
119,396,109 130.219,426
—15-2
83.108.891
—
07
12,656.760
-0 4
5,584.232
-9*5
5,001.807
—15-4
4.204 196
4-02
3.144,200
-7 S
1,203,000
—25-0
2.018.774
+24*6
-14-0
809,600
-5-3
—71
359,985
—22-1
342,576
-2 4 7
255,221
—01
222,141
—350
297,Onl
—20-4
237,338
—
85
151,109
—7*1
198,007
—12-3 119,485,040
81.357.251
12,045,150
6,384.688
4,275,593
4,242,747
3,313.800
1.802,002
1.840,192
New Yorx.. ..
Philadelphia.
Pittsburg......
Baltimore......
Buffalo..........
Washing, g o . .
Rochester....,
Syracuse........
Milwaukee......... .
Columbus............
Indianapolis........
Peoria...................
Toledo— .............
Grand Rapids......
Dayton...................
Lexington............
Saginaw.................
Kalamazoo...........
Akron...................
Bay City..............
Rockford..............
Springfield, Ohio..
Canton.................
Tot. Mid. West’r
692,303
335,738
296,250
210.465
194 428
223,050
226.381
157,481
101,364
110,715,633
San Francisco..
Salt Lake City ..
Portland..........
Los Augeles....
Tacoma............ .
Seattle............
Spokane...........
Fargo.................
Sioux Falls.......
Total Paciflo.,
14 753,418
1.172,' 45
954,001
1,314,190
448,68 *
62-,2 2
542,576
138.200
48 931
19,880.205
12,639,483
1.192,525
9v*L,770
1,174.521
579.66532.023
402.402
173,723
103,920
17,790.542
4-10*?
—1*7
—3 tt
*
+11 9
—201
-0*8
+34>
—2 5
«J
— 9
52
+ 11 7
13,408,002
1 283,706
980,842
907.044
630 297
503,464
304,550
134,045
61,431
18,394,010
12.661,432
1,317,40'*
1,170,50*
1,110,448
019.000
002.430
200,266
111,540
123,987
17,920,731
Kansas C ity .......
Minneapolis.........
Omaha..................
8t. Paul................
Denver.................
Davenport............
St. Joseph ..........
Des M oines........
Sioux City............
Lincoln..................
Wichita................
Topeka................. .
Fremont................
Hastings..............
Tot. other West
11,429.588
4,700,630
4.279.208
2,842.540
2,2i7.973
450,809
1,202,9-13
1,004,032
403,856
352,171
401.502
333.040
52,904
80,020
29,953,888
10,351.130
5,770.998
4,092,303
4.290.188
2,912.0'.0
724.477
l.260.000
1.1L7.372
f 34,493
250,l*’0
492.4S9
370,464
42,722
51,617
32,980,916
4-10 4
—17 4
+4'6
-33-8
--2 1
—37-8
—38
-10-1
—13 2
4- 40*8
—
18*5
—L01
+23-9
+00-7
—9*2
9,897 631
5.052 209
3.42-,619
4,279.034
2,556,217
9.045.699
4,323,852
5,375,938
2.934,959
2 817,801
1,150 281
1,330,300
5*0.788
3*9,030
492 091
4tt4,248
66.808
04.300
30,294.858
1,366,559
908,285
632.077
395,005
617.306
457,978
83,105
82,000
28,989,684
St. Louis...............
New Orleans.........
Louisville.............
Galveston.............
Houston...............
Savannah.............
Richmond............
Memphis..............
Atlanta.................
Dallas...................
Nashville..............
Norfolk..................
Waco....................
Fort Worth..........
Augusta.................
Birmingham..........
Knoxville............ .
Little Rock.......... .
Jacksonville.........
Chattanooga..........
Total Southern..
27,941,111
0 372 499
6.808.9*5
2,177,200
2,778.732
2,137.963
2,395.029
1,818 237
1,506,553
1.103 285
1,035,262
78-1.758
373 *5 0
1
701.042
793,161
862.067
392,517
901,004
210.752
239,610
69.857.269
24.144.707
9.683,031
6 073,973
1,894,930
1.943,764
1,839,695
2 270.983
l,022.Ottl
1,203,065
1.098.376
988.988
851,238
483,401
043,059
604,970
891,011
399.282
324,949
834.355
222.lt 6
50,970,253
+16-7
—3**2
—3*4
+14-9
4-43 0
+10 2
4-5-5
-18-7
4-30*2
+0-4
+4 7
-7-6
—22-8
+9 1
4-40 4
—151
-1-7
-7*4
-2 8 0
+7‘8
4-8'3
24,589.455
10,00 6,248
5,443.154
2.201.172
2.250.1 00
1,989 J88
2,234 801
1,059,099
1,001,617
1,009,450
920,269
941 729
1.092,632
750 005
48-* 336
368,770
24,405,168
8,050,116
0,047.816
1,657.870
1,550.198
1,757,272
2,040,797
1,398,007
1,128,091
988,068
1,050,781
1,100,060
499,992
550,000
Total all...
Outside N. York.
933.391,630 1,018.791,6C7
426.381,028 401,885,335
9,767.821
Montreal........... .
6,028 395
Toronto. ............
1,107,100
Halifax..............
954,497
Wlnnlpeo.......... .
630.020
Hamilton............
501 *17
St.John*.............
17 98:* ' 15
Total Canada.
* Not included In totals.
9,352.980
6,207,520
1,143,341
1,051,943
008.923
1+ 51
339,848
370.492
298 9u9
232,470
68 833.708
379,718
227,287
50,183.661
—
84
-7-7
994.628,049
434.196.267
904 094.898
403,waa,003
+4'3
—10*0
—3 2
-9 3
—200
8.813 634
5,408 509
1,037 637
03' 0o5
0e7,774
10,751.143
6.234,751
1,007,317
005,827
695,892
•°
>
ei-rn
1U514 03ft
*
7 74
THE CHRONICLE.
[VOL. LX1V .
ant, it has determined to reject the retroactive clause
attached to the bill by the House. Indeed, according
With this issue of the C hronicle we present our to the statement received, an agreement has been made
subscribers with another quarterly number of our with the Democrats that if they will not push the Vest
I nvestors’ S upplement. The I nvestors’ S upple resolution, which we referred to last week, the com
ment is so well known that it is hardly necessary to mittee will either “ strike out the retroactive pro
dwell upon its general features. It gives in compact vision or amend it so as to pave the way for its
form very full and comprehensive information con being stricken out in conference.”
It is added
cerning all the leading railroad companies of the coun that “ while the cancellation has not been ab
try, especially their securities, finances, mileage, earn solutely decided upon, the weight of opinion in
ings, dividends. &c., &c., all brought down practically the committee is understood to be on the side of de
to the date of issue. It also gives the latest informa stroying the provision entirely.” We hope this latter
tion obtainable as to all prominent industrial and other course will be taken. Business interests need speedy
miscellaneous corporations.
relief. One after another events have recently occurred
The editorial pages of the current number are de in a high degree adverse in character to industrial re
voted to the first of a series of articles, in the course of vival. The prolongation of tariff legislation has been
which we shall publish the terms of preference as they and is a serious drawback to recuperative work ; the
are stated in the preferred stock certificates of every Supreme Court decision with reference to the 1890
important railroad company in which American in trust law has acted, and until some relief measure is
vestors are interested. To-day the certificates (and passed will continue to act, as a further and decided
voting trusts as well) of the following companies are restriction to enterprise ; finally this retroactive clause
oited: Atchison, Erie, Norfolk & Western, Northern is in its turn doing much to disorganize and therefore
Pacific, Oregon Railroad & Navigation, Reading, St. to demoralize a large department of trade, a condition
Louis & San Francisco and Southern Railway. An of affairs which is always infectious. That clause, too,
article also in the body of this issue of the C hron is permitted to remain a menace to business, although
icle discusses some of the notable features which there is no good reason for saying that if continued
these certificates possess.
in the bill it can be sustained in the courts.
Its
longer retention can consequently in no way be jus
THE FINANCIAL SITUATION.
tified.
Among other matters this week of a merely domestic
The event of the week has been the declaration of
war by Turkey and the beginning of hostilities between nature we are inclined to give a good deal of promin
Turkey and Greece. News that war had been declared ence to the results of the Michigan election, the re
and that severe fighting by the two armies was in turns with reference to which have been received
progress reached the public simultaneously through through Secretary Holt of the Democratic gold organ
the morning papers of Sunday.
As the six great ization of that State. A pregnant source of disquiet
nations of Europe have been for months professedly in financial circles has been over the possible prospect
trying to avert this struggle— everywhere blazoning of a renewed fight with silver four years hence. The
over both continents their belief that the peace of course of argument encouraging this conclusion
Europe was contingent upon the sttccess of their adopted not only in America but in Europe too, has
efforts— it is no surprise on the happening of the event been that as business activity has not recovered since
that the traders in all our markets should have greatly the election, as nothing at the moment is being done
exaggerated the industrial disturbance it was likely to towards the rectification of currency defects, as the late
cause. Curiously enough it so happened that Monday was city elections have shown large Democratic gains—
observed as a holiday at all the leading financial centres in view of these facts the inference is drawn that
of Europe ; rumor says also that Russia on Saturday the Silver Party will renew the contest four years hence
gave the word “ g o ” to Turkey, and after her armies and will gain the battle. W e have never felt any fear
had started the notification to Greece followed. of such a combination of events or of such a catastro
However that may be, the Turks, as it turned out, phe. The Congressional delay hitherto in regulating
were half way through Milouna Pass when the declar currency affairs we look upon, as our readers are
ation of war reached the outside world. Monday our aware, merely as temporary, and under the circum
stock market was demoralized under very large selling stances reasonable. On the other hand, it was in no
degree an emotional movement that led the men who
by arbitrage houses and subsequently by a bear raid
on the same day wheat rose just about as many points left their party organization last year and voted for a
as stocks fell. Tuesday, when the markets opened at gold currency; they left it because they fully under
the various European centres, the war appeared to stood the extreme danger which threatened. They
have made almost no impression on the markets either sacrificed every political tie and belief for a single
of London, Berlin or Paris ; as a consequence all who principle because that principle was fundamental.
on Monday had sold stocks and bought wheat in New Such knowledge onoe acquired by an individual can
York^hastened on Tuesday to buy stocks and sell not be unlearned, and the est mate of its importance
wheat, of course with the natural consequences once seen never lessens.
The Michigan election affirms that this view which
Since Tuesday the European situation has had very
little if any influence on business affairs here. The is ussuredly true of the East nny be regarded a3 like
deepest sympathy, however, is felt everywhere through wise true of the voters in the West. City elections
out the conntry lor Greece.
which have been recently held and have gone Demo
A report from Washington which appears to be true, cratic prove nothing, for in municipal contests the sil
and if s o will give great satisfaction to business classes, ver issue cannot have any importance and in the na
is to the effect that the Senate committee which has ture of tilings would be treated by voters in most
the tariff trill in charge is likely not only to report the cases as eliminated. Michigan is the only State which
Comwlyjthe coming week, but, what4* more import i has this April elected any State officers. It is the
THE INVESTORS? SUPPLEMENT .
A p r il 24, 1897.]
THE ( HR0N1CLE.
only State where a distin ctively g o ld tic k e t has been
p u t in nom ination the cu rren t spring, and it was done
in this case on ly to preserve the organ ization ;
n ot a chance existed o f e lectin g th e nom inees,
n ot even a considerable vote was a n ticipated, and none
were m ore surprised than those w ho pu t up th e tic k e t
to find that about 33,000 had been cast fo r it. T h e
result is en couragin g to all in business circles, and is
fu rth erm ore short n otice to politician s in this an d
n eigh borin g States that they can never recall the d e
serters from th eir party last year ex cep t th e call com es
under th e banner o f sound m oney- J u st now it look s
in this State as if m erchants and bankers and business
m en generally m ig h t have to flock togeth er and m ake
a p olitica l bod y by them selves. T h e dom inan t party
in our N ew Y o rk State L egislature seems b y its
trust bills and inherit ance tax bills to be p u ttin g a
prem ium upon idleness and m ed iocrity and to be
sh u ttin g the d oor against th rift and th e th rifty,
and it m ay tu rn ou t that there is n o oth er way
open fo r the industrious and fru gal than to flock by
them selves.
T h e process o f reorgan izin g the various traffic asso
ciations so as to avoid co n flict with the recen t S u
preme Oourt decision goe3 steadily on. On T hursday
the General Passenger A gen ts o f the W estern roads
adopted the new agreem ent fo r their reorganized asso
ciation. T h e agreem ent is to b ecom e effective on
A p ril 28.
On T hu rsday also the Southern States
F reigh t A ssociation was m erged in to th e Southeastern
F reigh t A ssociation. Press dispatches say that there
is no provision for equalization o f rates or a p p ortion
m ent o f territory. T h ere will be an E xecu tive B oard,
a C onference C om m ittee and a Chairm an in place of
a Com m issioner. T h e main purpose is to restrict re
d u ction o f rates and paym ent o f com m issions. T o
avoid discrim ination the E xecu tive Board is to report
to Federal and State C om m issioners any illegal at
tem pts to red u ce rates. T h e ad ju stin g o f rates is to
be le ft to the roads them selves.
O f course at best these are on ly tentative meas
ures— very useful under present circu m stances but
la ck in g a great many essentials fo r secu rin g perm anent
co-op eration on an effective basis betw een the different
roads. A p p lication has been m ade to the Suprem e
C ourt fo r a rehearing in th e case o f the Trans-M issouri
F reig h t A ssociation, and sh ou ld th e ou tcom e o f these
efforts be unfavorable, and sh ou ld the J o in t Traffic
A ssociation also be declared outside the pale o f the
law, it will obviously be necessary fo r Congress to
com e to the help o f th e roads and give them perm is
sion to enter in to arrangem ents fo r establishing and
m aintaining rates under proper safeguards and restric
tions. W e have never been able to see why p oolin g
should n ot be allow ed, especially as State Railroad
Com m issioners a3 well as th e In ter-S tate C om m erce
Com m ission are in perm anent session to p rotect the
interests o f shippers and the general p u b lic. M r. H .
T . N ew com b, of the U . S. D epartm ent o f A g r icu ltu re ,
in a paper read at a m eeting o f the A m erican E c o
n om ic A ssociation (and written b efore the Suprem e
C ourt decision in the T rans-M issouri case) gave em
phasis to a poin t which has n ot yet received
sufficient
consideration.
M r.
N ew com b
notes
that Congress in attem p tin g to perpetuate co m
p etition and at the same tim e forbid the acts b y w hich
com p etition is made effective has given us a law that
can not be en forced. H e says the unreasonable rate
n ot made to secure com p etitive traffic or to recoup
775
losses fro m carrying such traffic is p ra ctica lly unknow n.
T h e con flict o f interest, real or fa n cied , betw een th e
several corporate units that g o to con stitu te th e ra il
way system is th e prim ary cause o f such evils as are
now apparent. H en ce the a n ti-p oolin g clause o f th e
Inter-State C om m erce law is radically an tagon istic t o
any wise system o f railway regulation. It is necessary
at the outset, as a first step tow ard a system under
w hich railway rates can be m ade equal to all,
that this restraint u p on th e carriers should b e
rem oved.
B u t that, in M r. N ew com b ’ s o p in io n ,
is a mere begin n in g tow ards en ligh ten ed m ethods o f
dealing with the transportation problem . T h e fo r c e
that tends towards th e con solidation o f railways is
pow erful and beneficent. C onsequently all p ro v isio n s
fo rb id d in g or h in d erin g th e various form s o f co n so li
dating parallel or co n n e ctin g railways sh ou ld b e
repealed, and p u b lic sentim ent should com b in e w ith
legislative enactm ent to en courage every step that
leads towards com p lete harm ony o f th e railway
system.
T h e annual report o f the P ittsb u rg C in cin n a ti C h ic
ago & St. L ou is has been issued this w eek and we
have obtained an advance co p y o f th e same. It will
be fou n d reprinted on subsequent pages.
T h e results
m eet expectations.
T h e com pan y o f course had very
unfavorable con d ition s to con ten d against.
A s th e
report well says, in the first part o f 1896 the in d ica
tions were still in favor o f fairly prosperous business,
but the subsequent developm ents b ro u g h t abou t
a com plete ch ange, and th e industries o f th e
cou ntry becam e prostrate. T h e resu lt is reflected
in a fa llin g off in b oth th e fre ig h t traffic an d
the passenger traffic. On the lines d irectly operated
by the P ittsburg C incinnati C hicago & St. L ou is th e
loss in ton n age as com pared w ith the year p re ce d in g
was 1,063,077 tons, w hile in th e ton n age m ovem en t
one mile the loss was over 174 m illion tons, or 9-72 p e r
cent.
N o effort, we are to ld , was spared to red u ce th e
expenses o f operation in all departm ents, and these
efforts, too, were atten d ed by a large m easure o f su c
cess, th ou gh o f course the saving was not sufficient to
offset the whole o f the loss in gross receipts. T h e re d u c
tion in expenses was effected n otw ith stan d in g th e
occu rren ce o f an extraordinary n um ber o f su d d en
and heavy rains du rin g the year, especially betw een
the 1st o f Ju n e and th e m iddle o f A u g u st, w h ich
washed ou t the tracks at many poin ts, particularly on
the P ittsburg D ivision. T h e worst storm o ccu rre d
on J u ly 30th, seriously dam aging the tra ck betw een
Steubenville and G o u ld ’s T u n n el, carrying away
a large p ortion o f brid ge 45, and necessitating th e
practical reb u ildin g o f that structure. T h e report
notes that there was a con tin u ed increase in the am ou n t
o f taxes paid by th e various com panies, the increase on
the main line being 829,539. It is gra tify in g , in view o f
these various circum stances, to find from the in co m e
a ccou n t that after m eetin g all fixed charges and lia b ili
ties o f every description , a fair sum was tran sferred t o
the cre d it o f profit and loss. T h e surplus was 8429,149,
against a surplus o f 81,022,897 o u tlie operations o f th e
year 1895. W h ile satisfactory, th e m anagem ent d id
not think the am ount sufficient to ju stify a d iv id e n d
on the preferred stock o f the com pany.
M oney on call has loaned at 1^ and at 2 per cent this
week, b u t the h igh er rate was record ed fo r on ly a b rie f
interval on M onday aftern oon ; thereafter fo r the re
m ainder o f th e w eek the range was fro m 1^ to I f per
776
THE
C H R O N IC L E .
[Vox. L X IV.
;
H H
i
li
cent. 4 8 8 @ 4 881 for short and 4 88|@4 884 for cable trans
Banks and trust companies who otfer their money on fers. There was no change either in the range for
the St.u k Kvflmnge accept the rates there ruling.
There b
new feature in time loans. The demand
Is light and rates arc $ per cent for thirty days, 24 per easier on Thursday though not qnotably lower. Yes
cans for -H.:\ to ninety days, 3 pur cent for four to six terday the conditions remained much the same, with
and 3 A per cent for seven to eight months on good both the posted rates and those for actual business con
Stock Exchange collateral. Negotiations have been tinuing unchanged. The rise in exchange on Monday
opened for a loan for forty-five to fifty days on the led to some talk of gold exports, but it was considered
new can:.; bonds at 'i per cent. For the best commer that there was no satisfactory profit in shipping the
cial paper there is a good inquiry, but the offerings are metal so long as sight bills could be obtained at 4 88 f ;
limited, llates are 3| per cent for sixty to ninety day hence bankers refrained from shipping. With the fall
endorsed bills receivable, 3 f@ 4 i per cent for first-class, the next day in exchange there- was less probability of
and 4 (o 5 per cent for good four to six months’ single gold exports to London. The following shows the
daily posted rates for exchange by some of the lead
names.
As already stated, the news of the declaration of ing drawers.
n u i.r po sted r a te s f o r foreton ex c h a n g e .
war by Turkey came while the European markets
were closed for the Easter Monday holiday and there
M o n .,
F ill.,
Turn., W b d ., T H O R ., F a i.»
Apr. 16. Apr. 19. Apr. 2). Apr. 21. Apr. 21. A pr. 22.
fore it was uncertain what effect would be produced.
8 74
On the following day discount# of sixty to ninety day tro w n B ro s ........
89
i *
g *
!» «
S7
B aring.
(6 0 d a y s
874
bank bills were only fractionally firmer at I f @ l i per M agoun & C o .. \S ig h t .... 88$*
89
i *
87
60
ys874
8l\4
874
cent, and aside from a fall in Greeks and Turks the S an k B ritisrhic a .. j<S igd at...
89
89
69
i *
89
ss^
No. A m e
h
87
87
87
87
87
Sank o f
J fiO d ay s.
Continental markets were not materially disturbed.
8846
mu
8SH
M o n tr e a lS ig h t...
8S4
884
«H4
*7
C an ad ian B a n k (60 d a y s,
8 74
874
In London consols opened at a sharp decline, but this o f C o m m erce.. ( S ig h t ....
89
89
, c
f
ys
F74
8? 4
was followed by a recovery and American stocks were S e ld elb aCrh &I Ck - { 6 0igd at... . 87
89
89
e lk e im e
o. S h
88M
874
Strong after a hesitating opening. Thereafter for the L a zard F r e r e s ... { |? e h"f.S
874
8
tv4 897 4
11?
49
89
remainder of the week the European markets were M erch a n ts’ B k . j 60 d a y s , <4-?
874
«7«
K7 4
SM
*9
f i 4
o f C a n a d a . . . 1 Siktor.....
only verv slightly affected by the news from the
seat of war.
The Bank of England minimum rate
The market closed steady on Friday at 4 87@4 874 for
o f discount remains unchanged at 2f- per cent. The sixty clay and 4 884@4 89 for sight.
Rates for
cable reports discounts of sixty to ninety day bills in actual business wore 4 8 6 86 f for long, 4 8 8 @
London 1 |@ I f per cent. The open market rate at Paris 4 8§J for short and 4 884@4 884 for cable trans
is 2 per cent and at Berlin and Frankfort it is 2§ per fers. Prime commercial bills were 4 86@4 864 and
cent. According to onr special cable from London documentary 4 854@4 85J.
the Bank of England lost £105,765 bullion during the
The following statement gives the week’s movements
week and held £36,292,048 at the close of the week. of money to and from the interior by the New York
Our correspondent further advises us that the loss was banks.
.
j
due to the export of £35,000 (sold in open market), to
iVet Interior
<
Received by •tdppeA by
Week Ending April 22, 1897.
£178.00il net shipped’ to the interior of Great Britain
V. T . n ink*. W Y . B inks.
Movement.
and to the import of £107,000, of which £50,000 Was
$4,723,000 $ 1,8 7 4 , O O O G » ill.$2 ,849,0110
389,000 G a in .
44,000
333.000
from the Cape, £34.000 from China, £18,000 from G o l d . . . .................................. .. — .............
$5,058,000 $2,103,000; G ain.$2,893.00()
T o t a l g o ld a n d le g a l t e n d e r s —
Australia and £5,000 from Portugal.
The foreign exchange market was quite strong on
With the Sub-Treasury operations the result is as
Monday, influenced by the war news, and also by ex follows.
pectations of a demand for exchange resulting from
Oat of
Xet Change in
i n*o
the liberal -ales of securities by the arbitrage houses
Week la d in g April 2?, 1897.
B nk Holdings.
B nk +.
B Hi fcs.
for European account. Posted rates were generally
B a n k s ’ in t e r i o r wsor©ment*as a b o v e $5,056,000 $ 2 ,18 1,0 0 0 G a in , 2,8 93, HlO
400.000
advanced half a cent, and there was also a sharp rise S u h - T r e a f o i y o p e r a t io n s .
13,400.000 ■ 13.000,000 G ain ,
iS li.lliH !$ 15,16 3,0 0 0 G n in $3,293,000
in rates for actual business. On the following clay the
T o t a l g o ld a q d le g a l i e n d e r s .. . . . .S .45
market was easier, the news from London showing
The following table indicates the amount of bullion
that there was no war scare there. Thereafter for the
remainder of the week the market was quiet and in the principal European banks this week and at the
Steady at unchanged quotations. The range for corresponding date last year.
8*
is
B
“
S* 8“
8*
8*
5*
§»
posted rates for exchange on Monday was from
4 87 to 4 874 for sixty-day and from 4 884 to 4 89
for sight, Brown Bros., the Bank of British North
America, the Merchants’ Bank of Canada, Ileidelbach,
Ick Mhmnor & Co. and Luzard Freres advancing their
rates huh u cent for both long and short compared with
the c i « > f Friday of last week. Bates for actual busi
ness we;-< ■dvuneed one-half a cent for long, to 4 88 f
@ 4 87, ami th f ' -quarters of a cent for short ster
ling and cable transfers, to 4 88|-@4 8 8 J for the
former uml i
8 8 f for the latter, and the
market • strong to the close. On the following
day nh bankers
except the Bank of
Montreal
posted ;v t for sixty-day and 4 89 for sight, but the
market va~ easier at a decline of one-quarter of a cent
ill rate- f-r actual business, to 4 86£@4 86 J for long,
...........................— ------ ----------~
~
April 2$, 1890.
22, 1897.
Bank o f
BtM.
1 cJUuer.
1
Total.
<?’ ML
1 Sllwrr
M
|
1 total
£
£
1 "
R
I
£
47.808,083
88.292,018
- 1 88.292.0ilS 47.868.000
70.881,080 48.842.681?; 125.171.810 78.149,5150 49,698,733 127,8*48,299
28,312,253 i4.800.287\48.«lS,660 30.528.000 15.241.000 •45,769.000
31,882,000)12,801,000 £-1,283.000 20.200.000 12.798.000 89,004,010
8 .0 1 0 .0 0 0 10.470.00 » 18.480.000
8.528.000 10,530,000 181058,000
9,588 000
2.624.000 6.904.000
2.631.000 0,783,000
9,1(19,000
N e t h e r la n d s .
4=,047tO l0
<
2.603.000 1.349.000
2.802,087 1,101,883
4,2*1,000
N a t,B e lg iu m *
E n g la n d .........
F r a n c e .... ...
G erm an y* —
A u .'t.-H u n g ’y
T o u th is w e e k 187.019,078 91,963,260 28 2.0 43.A 8 196.160,413I9H.62 0738 212,070,865
194.01H.28 I'SM.OlIi.WO 290,821.933
T o t . p re y . W’ k 180,150,027 91,7-11.548 281,200
* The division (between gold and silver!1 given in our table oC coin
and bullion in the Bank o f Germany and tike B uilc »£ 8 ‘dgiuin is made
f r o m the best estimate we are able to o b ta in ; 1 1 neither ease is it
1
ehittned to bo accurate, as those bunks m a k e tio distinction iti th eir
weekly returns, merely reporting the total? gdjffl and stiver, but w e
believe the division we make Is a close app roxim ation .
N o t e . - W e r e c e iv e th e fo r e g o in g r e s u lts w e e k l y b y o a b le , a n d w h ile
n o - a ll o f t h e <>at6 g i v e n a t t h e h e a d o f t h i s ‘ c o l u m n , t h e y a r e t h e r e
t i r n s le a n e d n e a r e s t t o t h a t d a t e —t h a t is , t h e l . a t e s t r e p o r t e d f ig u r e s .
THE CHRONICLE.
A p r i l 24. 1897.]
F O R E IG N
WAR
AND
THE
F O R E IG N
M ARKETS.
T h e influence on th e financial m arkets o f the actual
ou tbreak o f E uropean war is always an in terestin g study;
in the case o f th e p en din g Graeco-Turkish con flict it
is perhaps m ore interestin g th an usual. N o t even the
R usso-T u rk ish war o f 1877 was p reced ed by m ore p ro
lo n g ed manoeuvres in th e interest o f peace, by m ore
freq u en t alternations o f con fiden ce and pessim ism , or
b y m ore m isgivin g as to th e possible larger area o f th e
con flict.
On the 7th o f last F ebruary th e G reek
flotilla sailed fo r Crete ; d u rin g the ten weeks since
that tim e every k in d o f rum or and co n je ctu re has
fo u n d listeners. W ith in this p eriod have occu rre d the
b lock a d e o f the Cretan ports by th e E uropean P ow ers;
th e repeated warnings addressed to G reece and their
failure to g et a hearing ; th e undertakin g to b lock ad e
th e p ort o f G reece itself ; the protest o f th e E nglish
Liberals against the action o f the m inistry ; the cu ri
ous establishm ent o f cordial personal relations betw een
th e F ren ch and British c a b in e ts ; and along with all
this, the rise and fall o f prices on the stock exchanges
as successive “ war scares ” swept over the financial
com m un ity.
A fte r this lon g prelim inary chapter o f incidents,
T u rk ey declared war last Saturday. It was natural,
in view o f what had gon e before, that the m ovem ent
o f the foreig n markets fo r securities should be awaited
w ith peculiar interest.
A s it happened, circu m
stances added to the d ou b t and hesitation. F ollow in g
a long-established cu stom , the L on d on S to ck E xchan ge
a d jou rn ed on T hursday a fternoon fo r a triple Easter
holiday con tin u in g until Tuesday. W h en the New
Y o rk S tock E xchan ge resum ed business on M onday of
this week, it was the on ly in stitu tion o f th e first rank
open in any financial cen tre o f the world where in ter
national securities cou ld be b ou g h t or sold. B oth
speculators and investors were th erefore le ft to fo llo w
their own con jectu res as to the probable action o f the
fo reig n markets. T h ey very generally assum ed the
worst, and prices brok e violently under the heaviest
sellin g o f the season.
T h e ou tcom e o f this very interesting and curious
experim en t showed that the loca l operators were mis
taken . T h e action o f the fo re ig n m arkets, w hen they
finally op eu ed for business Tuesday m orn in g, proved
as con clu sively as the barom eter o f financial sentim ent
ca n prove that the chances o f general E uropean co n
flict had been absurdly over-estim ated. It is n ot g o
in g too far to say that such a possibility has not been
m entioned in the con jectu re o f the present week. T h e
dread which has beset the hom e and foreig n markets
d u rin g the tw o successive m onths in w hich war has
been on ly ru m ored, seems, now that war has actually
b rok en ou t, to have com p letely disappeared. British
con sols and F rencli rentes, in whose m arket fluctua
tions reflection o f such dangerous possibilities is always
lo ok ed for, d id indeed decline a fra ction when the fo r
eign stock exchanges opened. B ut by T hursday both
had secured an actual advance, ru ling exactly at
last w eek's p rices; and their low est quotations d u rin g
T uesday’s early trading were above the figures tou ch ed
in the “ war scare ” o f three weeks ago.
I f this m ovem ent o f E uropean p u b lic fu n d s turns
ou t to be an accurate diagnosis o f the situation, it
o u g h t u n d ou btedly to be a fa cto r o f genuine reassur
ance. We have never had m u ch faith in this season's
alarm ist stories o f the war w hich m ight be provok ed
777
b etw een th e first-rate P ow ers, and we have su spected
that th e m u ch -vau nted “ E u ropean co n c e r t,” fo rm e d
to avert such a calam ity, was a g o o d deal o f a h um bug.
N oth in g cou ld b etter prove than th e in ciden ts o f this
season the fa ct that international war is caused in these
days n ot by sovereigns and cabinets, b u t by th e people.
T h e p eople’ s attitu de was th e fa cto r o f very real dan
ger du rin g our V enezuela con troversy in D e ce m b e r
1895, d u rin g E n gla n d 's Transvaal d ifficu lty in the
ensuing
January,
and
d u rin g
our
constant
frictio n
wij.li
the
Spanish
G overnm ent
over
Cuba.
B u t fo r th e
fa c t
that
it
takes tw o
to make a quarrel, any o f these th ree episodes m ight
have resulted in an arm ed collision. T h e p en din g war
o f G reece with T u rk ey is a case in p o i n t ; all readers
o f the E uropean dispatches are aware th a t it was th e
G reek p eople w ho fo rce d th eir G overn m en t relu ctan tly
into war, and absolutely closed the gatew ay o f retreat.
T o suppose that E nglan d , F rance or G erm any cou ld
be pushed in to such a war w ith ou t som e in terven in g
episode such as should absolutely inflame th e E nglish ,
F rench or Germ an p eople, is to suppose an u tter im
probability. T his w eek’s m ovem en t o f th e E uropean
pu blic funds has plainly reflected such disbelief in
general hostilities ; indeed, the m arkets have fo r a
year past been reflectin g it.
Consols at T uesday’ s
low est price ruled 4 points above th eir p rice o f January
1896 ; F ren ch rentes one fran c above th e level o f that
period.
T here are, how ever, oth er reasons why th e E uropean
security m arkets have n ot received th e news o f war
with the ex p ected agitation . One o f these reasons
is the very general b elief that th e con flict will not
on ly be con fin ed to G reece and T u rk ey , b u t th at it
will be short. A lo n g and expensive series o f ca m
paigns have an effect on prices o f national securities
w hich a short war ca n n ot have. In fa ct th e b ottom
cause o f the fall in G overnm ent securities on th e o u t
break o f th e war is n ot always clearly un d erstood , even
by those who sell. A com m on th eory is that the p u blic
funds reflect con fid en ce or m isgivin g; that prices even
o f consols yield, when war breaks ou t on the M acedonian
fron tier, only because o f d ou b t as to th e possible p olitica l
consequence to E ngland. T his th eory, so far as it goes,
is righ t enough ; fo r consols m ust reflect, b y their pre
lim inary m ovem ent, the rem ote co n je ctu re o f capital
regarding its own ou tlook fo r secure investm ent. T h ere
is, however, another very p oten t fa cto r in the influence
o f war on the p rice o f h igh -grade investm ent issues.
M r. R obert Giffen has con cisely analyzed this fa ctor.
“ A really first-class war” , he argues, w riting from the
L o n d o n stock m arket’s p oin t o f view, “ will be certain
to cause a creation o f securities on a large scale. W e
know what has taken place in our own great wars, and
the m ore recen t experience o f the U n ited States
and o f F rance will be fresh in peop le’s re co l
lection .
W hen war breaks ou t, th erefore, or is
suddenly threatened, speculators kn ow fo r certain
that
an
event
is
at hand w hich will
n ot
only disturb the m arkets tem porarily, b u t may
absolutely defeat their sp ecu la tion .” In oth er words,
the supply o f fresh securities o f the highest order is
lik ely to be enorm ously increased; the average p rice
o f all existing securities o f that class w ill th erefore
autom atically decline. T his same derangem ent o f in
vestm ent capital will necessarily affect all oth er classes
o f securities— reaching in its final ram ifications even
the m inor speculative issues o f the S tock E x
changes. T his is why every serious war o f the present
778
THE
CHROINK L K
century has been attended at its outbreak and during
min'd of it? i ontinuaneo by general demoralization of
the markets.
But there is only the slightest possibility that any
thin^ of this sort could happen in the present conflict.
Eneh of the two belligerents is bankrupt.; neither enjoys
the least credit on the European exchanges ; one is lit
erally in the hands of receivers. Greece has for three
years past defaulted on the greater part o f'the interest
on lis debt : the creditors of Turkey get their interest
onlv through a humiliating surrender, to'what really
is a committee of the bondholders, of half the taxes
and tributes of the State. There is little danger that
with budgets such as these the European markets
will be overweighted by successful issues of new Greek
and Turkish bonds. It is true, the payment of a heavy
cash indemnity to the successful belligerent has become
the fashion of recent wars, and it is true also that
such a tribute, to the extent of something over $150,000,000, was exacted by the Japanese from van
quished China. But even China had the revenue of
its treaty ports to mortgage, whereas Turkey has
already pledged pretty much all the available collat
eral in its possession, while Greece has hardly anything
to pledge.
The series of declines in the investment markets,
here and abroad, during the preliminary rumors of
this war, and the sharp recovery in prices, in Hew
York especially, since the campaign was actually
begun, bring up another interesting question. The
influence of foreign war on the prosperity of noncombatant commercial States is one of those questions
which has always excited interesting controversy. It
is the prevalent and not unreasonable belief that
when two or more first-rate Powers engage in war, pro
ducing States outside the struggle will reap substan
tia! benefits.
It is assumed, both in the light of
reason and of experience, that industry will be inter
rupted in the States at war, and that markets which
such producers lose in consequence will fall, for
the time at least, into the hands of rival foreign
producers. This change in distribution of the
sources of supply may go so far as to turn
exporting States, at time of war, into import
ers. Both of these movements were in a measure
noticeable during our Civil War. The nation’ s
export trade fell to the lowest annual average reached
in a dozen years; its importations in some branches
of manufacture rose to the largest recorded total.
What was thus lost by the United States in for
eign trade was for the most part gained by British
merchants, notwithstanding the embargo on our
Southern cotton and the consequent distress of the
English spinning industry, Great Britain’ s annual
export trade expanded during our Civil War upwards
of fifty millions sterling, dr fully thirty per cent.
During the Franco-Prussian war, Great Britain’s ex
port trade to Prance rose from £11,438,330 in 1860 to
£18,205,858 in 1871; its export trade with Germany
from £20,416,108 in 1870 to £27,434,520 in 1871. As
soon us the war was over and the two belligerents had
returned to the pursuit of peaceful industry, this ex
port trade decreased again, losing at once more than
one-half of its expansion during war. Plainly enough,
iu both these instances the outside trading State prof
ited by the troubles of its neighbors.
Whether such advantage can he continuous or not,
and whether the trade expansion of non-combatant
producing States will not eventually be followed by re
fVoL. LAIV,
action,' are inquiries which open another question.
Reaction is a certainty, and it has been the father
uniform experience that such reaction is extremely
serious, at the conclusion of a war, because of the
actual preceding stimulus to production. Europe’ s
general industrial stagnation after the close of the
Napoleonic wars is perhaps the strongest instance o f
the kind in the century’s history.
Very similar
periods of reaction and stagnation followed the termi
nation of our Civil War in I 8 6 0 , and the ending of the
Franco-Prussian war in 1871.
It does not follow necessarily that all the earlier
gain will be lost in this subsequent reaction. Some
thing will be retained, if it is only the introduction to
competing markets so much coveted by exporting mer
chants. But, like all other artificial diversions of the
general trade movement, the advantage must in the
end be very greatly qualified. It is fortunate on the
Whole, not only for the financial markets, but for our
own commercial situation in the long run, that so lit
tle permanent disturbance is anticipated from the
Graeco-Turkish war.
P R E F E R R E D STOCKS OF L E A D IN G
R A IL R O A D CO M PAN IES.
The current issue of the I nvestors’ S upplement
contains the first of a series of articles regarding the
preference shares of the leading railroad companies of
the United States. A similar compilation for the in
dustrial companies was given in the S upplement of
May 1893, where, as we know, it has ever since been
constantly consulted. The present articles, we believe*
will prove equally useful.
The eight preferred stock certificates described to
day are for four reasons worthy of special attention.
First, they are the capital issues of eight of the larges t
and most representative of American railroad com
panies. Second, they are the issues of companies that
have been reorganized within the last two years under
the direction of men having the widest experience in
matters pertaining to railroad law and finances. They
therefore exemplify, in the light of a past rich in de
cisions touching the rights of preferred stockholders
all that is now believed to be essential to the securing
of those rights. Third, having so lately come on the
market they enjoy a superior position compared with
the other stock issues of the companies that is, we be
lieve, scarcely understood. Last, but not least in im
portance, .six of the eight stocks are in the hands of
voting trustees. The public hold merely the voting
trust certificates, and these state few, if any, of the
provisions that appear in the certificates themselves»
Consequently the exact wording of these provisions are
not, as is usually the case, within the easy reach of the
investor.
The following table shows the eight companies re
ferred to, the miles of road within their control, and
the amount of their preferred stock and common stock
issues.
Common
Miles
P referred
Stock.
Controlled
Stork.
$102,000,000
6,922 $119,657,800
5 30,000,000 1st p f. (I 100,000,000
E r i o R B ............................................... 2 , 1 4 0
■<16,000,000 2d p f. 1
66,000,000
23.01 0,000
N orfolk A Western R y ....... 1,570
80,000,000
75.000.
000
Northern Pacific R y ............ 4,346
24.000.
000
11.000. 000
Oreg. R R . & N ay.................. 1,063
( 28,000,001 I s t p r . < 70.000.
000
R eading C om pany................ 1,277
< 42,000,000 2d p f. 1
( 5,000,000 1st pf. < 29.000. 000
St. Louis & San. Frail. RE..,. 1,274
<16,000,000 2d pC. 5
125,000,00054,300,000
So utliern R ailw ay----- ----- 4,752
Aten. Top. & S. Fe R y ___
T o t a l ............................................ 2 3 , 3 4 4
$419,957,300
$596,000,000
Certainly nothing more than this table is necessary
to establish the prominence of these companies, with.
I'HK OHRONICLF.
A p e i l 24, 1S97. |
th eir 23,000 miles o f road, th eir 420 m illions o f p refer
en ce and nearly 600 m illions o f com m on stock . Pass
in g fo r the m om ent th e v o tin g trust feature, th e size
o f the preferred stock issues is significant, in d ica tin g
as we have said on q previous occa sion to what an ex
ten t this class o f secu rity has superseded th e on ce
popular in com e bon d. T o th e issuing com p a n y the in
com e bon d has been v oted a hindrance, to th e h older
in m ost cases a d elu sion ; con sequ ently as in th e notable
instances here in dicated, the con tin g en t interest in the
earnings o f a road, w hen it has been deem ed necessary
or best to name a recip ien t o f that interest, has been
con ferred by m aking h im , as we believe he sh ou ld be,
a p referred partner in th e itndertaking.
R egard in g th e secon d reason, we n eed say on ly that
to our certain k n ow led ge there has been, at least in
several o f these organizations, no ordinary zeal ex
h ib ited to ren der th e new securities (in clu d in g the
stock certificates), in th eir w ord in g and in oth er re
spects, as great an im provem ent as possible on all
form er p rod u ction s o f th e k in d. W e shall presently
cite exam ples o f som e o f the im provem ents in trodu ced.
T o m ake evident th e reality o f our th ird reason the
follow in g table is su bm itted, show ing the am ount o f
p referred stock issued by the aforesaid com panies (1)
to retire bon ds o f th e o ld (predecessor) com panies, (2)
to retire sto ck o f the o ld com panies, (3 ) fo r assess
m ents paid in th e reorganization and (4 ) fo r m iscel
laneous purposes.
P r e fe :r r e d s t o c k
fe
(OOO o m itte d ).
OOO
T o ta l
is s u e .
----- O f w h ic h i s s u e d f o r —
M iscel-
O ld b o n d s .
119,657 $90,740
none $13,717 a$9,200
30,000
27,146
none
none
2,854
Erie Railroad
16.0u0
7,271
8,537
none
192
22,833
N orfolk «k W estern R y _
_
23,000
none
none
167
75,000
b
54,880 b 17.620
2,500
Oregon RR. A Navigation 11.000
9.290
none
1,440
270
28,000
<•7.184 none
c
<120,816
Heading Co .\
42,000 C40.286
none
c
1.714
5,000
e
none
1,150
e3,850
8t. L. & S. F. Ry. | ^ ‘ prefi 16,000
8.214
none
none
o7.786
51,300
32.887 8,799
7,814
f 4,800
T ota l............................. $419,957 $306,731 $34,958 $24,121 $51,149
» . G iven in part paym ent for Atlantic A Pacific, W estern Division
bonds.
b. The preferred stock paying assessment o f 10 per cent received
50 per cent o f new com m on and the same in new preferred.
<*. The old incom e bonds paid an assessment o f 20 per cent and
received either 120 or 130 per cent in new com m on, first preferred
and second preferred in certain proportions, according to preference.
d . O f this $8,000,000 sold to the syndicate.
e . The old consolidated m ortgage bonds (if p aying assessment, for
w hich they received first preferred stock,) were exchanged for common
and second preferred stock, the holders being perm itted to subscribe
fo r $3,850,000 first preferred and $5,500,000 second preferred stock.
f. Includes $4,500,000 used for purchase o f A labam a Great South
ern stock.
T h e reader exam ining this table will be strudk we
th in k with the small am ount o f the total preferred
stock issues, aggregatin g nearly $420,000,000, which
was given in exchange fo r sto ck , w hether com m on or
preferred , o f the old com panies ; the am ount so given
was less than 9 per cen t o f th e total. On the other
h and seventy-three per cen t o f the aggregate is
sues w ent either alone or along w ith other se
cu rities to retire bonds, as the secon d m ortgage
bon d s o f the A tch ison , the in com e bonds o f the
R eadin g and th e secon d consols o f th e E rie.
In
oth er words, these preferen ce shares alm ost as
a whole represent bonds, assessments, e tc., and
thus, as it were, com e in betw een the form er stock
issued, com m on and preferred, and the fixed ob liga
tions o f the new com panies. M ore than this, it should
be rem em bered, they follow , n ot the o ld fixed charges,
b u t the fixed charges now greatly lessened by reorgani
zation. W hat this im plies we may hope will becom e
m ore apparent when the tim es brighten.
T u rn in g next to an exam ination o f the individual
certificates, we note that while they differ m uch in
th eir form o f expression, they have m u ch in com m on.
O ne observes at once that whereas n ot lo n g ago the
779
preferen ce certificate was generally very b rie f, le a v in g
the h older to search th e statutes o f th e State w h erein
the com pany is in corp ora ted , th e article^ o f in co rp o ra
tion, the com p a n y’ s by-laws and th e m inutes o f its
m eeting w hen th e sto ck was au th orized, to learn his
rights, now th e certificates are com preh en sive and
state his righ ts q u ite fu lly . W e recen tly cam e u p on a
preferred stock certificate o f a dividen d -p ayin g c o m
pany, bu t one that dates b a ck a g o o d m any years,
w hich om itted to state even th e rate o f d ividen d to
w hich the h old er was en titled, th e on ly in form a tion
therein con tain ed b ein g that th e h old er is “ en titled
t o ---------- shares o f th e preferred sto ck o f t h e -----------R. R. C o.”
The m ore approved m ethod n ow -a-days is
to fu rn ish exp licit recital o f all the righ ts possessed in
the m ost accessible place— th e certificate itself. T h is
fact the citation s given in th e editorial o f th e cu r
rent issue o f th e I n v e s t o r s ’ S u p p l e m e n t clearly dis
close.
T h e m ajority o f all the lawsuits in w hich p re fe rre d
stocks have been in volved have had to do, as all k n ow ,
with either one o f tw o questions, (1 ) w hether th e stock
is cum ulative, (2 ) w heth er the directors o f th e c o m
pany can be required to pay a d iv id en d in case th e
necessary m oney has been earned. H en ce it is that,,
inasm uch as no one o f the eig h t stock s is in ten d ed to
be cum ulative, th e certificates state th e fa c t em p h a ti
cally. So also it is that the certificates seem to g o to
extraordinary pains to em phasize the righ t o f the d irec
tors to pay or to w ith h old the dividends as th ey deem
expedient. S ix o f th e eig h t em ploy expressions sim i
lar to this: T h e h old er shall be en titled to dividen ds
“ lohen and as declared by the board o f directors o f
the com pany ou t o f any surplus n et profits o f the
com pany as determined by said board.” T h e oth er
two com panies are the O regon R R . & N avigation Co m pany and the St. L ou is & San F ra n cisco R ailroad.
T heir respective certificates say m ore briefly, b u t ap
parently w ith equal fo rce , “ to receive dividen ds, if
declared” , and “ to receive dividends w hen earned and
decla red .” N o com pan y can safely assign to any class
o f its stock h old ers the righ t, properly b e lo n g in g on ly
to its d irectors, to d ecid e w hether it is exp ed ien t that
a dividen d sh ou ld be paid. T hese provisions, th ere
fo re , are em inently proper. T h e N orth ern P acific
certificates, u n lik e any o f th e others, require that th e
dividends be payable quarterly (M arch , J u n e , S ep tem
ber and D ecem b er) and w ith ou t d e d u ctio n fo r any tax,
G overn m en t, State or m u n icipal, “ that th e railway
com pan y may at any tim e be required to pay or to re
tain th erefrom .”
W ith the certificate o f the E rie R ailroad C om pany
was in trod u ced a new provision to p reclu d e th e possi
bility at any tim e o f the w ron gfu l diversion to the
com m on stock of the a ccu m u lated profits w h ich if
divided from year to year as earned w ou ld have b e
lon g ed to the preferen ce shares. T h e E rie, the N o r
fo lk & W estern, th e N orthern P acific and th e R eadin g
in their preferred certificates have substantially the
follow in g provisions follow in g a statem ent as to what
dividends may be paid on the com m on sto ck : “ B ut no
dividends shall in any year be paid u p on any such
other stock o u t o f net profits o f any previous fiscal
year in w hich the fu ll dividen d s shall not have been
paid on the preferred s to c k .” T h e ju stice and w isdom
o f such a provision will com m en d it to all.
T im e was w hen 7 p er cen t preferred stocks were com
m on. T he usual rate is now 4 per cen t, w ith, how ever,
th e righ t in some instances to share pro rata with the
/>•»
THE
C H R O N IC L E .
jV oL, L X IT ,
stock after that stock has received dividends increase the chance of its ultimately standing well and
am amount. The following table shows how receiving dividends, it was thought only right that one
it stocks are divided in this respect.
of the two issues of preferred stock preceding it should
our i
IHViDKJTOS TO W HICH STO C K 1 ARK E N TITLED .
?
permit of retirement on terms fair to the holders, yet
All rem ain- Prcf. slock advantageous to the common stock.
1*1 Thti i Then
This end was
in a tlivi- has p referp r tf, 2tint, common
itends
tn c t as to
to re- to re- stock to
accomplished by the provision that at any time after
assets.
go to.
J UH
L on-cnm
uiatice. res*re, ceim . reef ice.
Yes
all
To com m on
At&in T op. a Santa Fe Rjr.. 5
dividends at the rate of 4 per cent per annum shall
do
. 4
4
all
Yea
do
. 4
all
have been paid for two successive years on the first
.
SB otll stocks )
Korlls&ra P&eiiie B y .,
pro rata. > ---•
preferred stock, the Reading Company without- fur
B o l t stocks | Yes
1 4
ther consent from the holder or owner thereof may
*
{ p ro Tula.
To com m on
all
. -i
a
Co
exercise the right to convert the second preferred
....
4
4
all
do
St, JwOttfe SMI Fran, Hy.
...»
all
do
. 5
stock, not exceeding 142,000,000, at par, one-half into
As here shown, the Atchison and the Southern alone first preferred and one-half into common stock. The
are 5 per cent preferred stocks, while of the others result of this transaction would of course he to leave
which are entitled in the first instance to 4 per cent, the company with only two classes of stock, to decrease
two, the Northern Pacific and the Oregon Railroad & the dividend charge ahead of the common stock, and
Navigation, will come in for an equal share in any materially to improve in every way its outlook and
dividends declared after the common stock has received standing.
its 4 per cent.
What we have said above in connection with the
Three stocks (Atchison, Norfolk & Western and article in the S u p p l e m e n t we have no doubt will
Oregon ER. & Navigation) contain the provision that prove our point, that the refinement of detail often so
in case of liquidation or dissolution of the company, noticeable in the modern railroad mortgage has not
the preferred stock shall be entitled to receive its par failed to extend also to the stock certificates. We
value in cash before anything is paid on the common have not alluded, as we intended, to the voting powers
' Of how much consequence or significance this pro of the shares, or of the voting trusts in which a num
vision may be, we cannot say, though the circumstance
ber of these stocks are temporarily held. We hope
that in pretty nearly every reorganization of which we to do this, however, on a future occasion.
have knowledge the preference shares have received
decidedly better terms than the common stock, would
ON
seem to indicate that this right has by tacit consent C A N A G U A R A N T Y B E E N FO R CED
D E TA C H E D COUPONS.
been generally accorded, whatever the legal rights may
We referred two weeks ago to a decision of the A p
have been. In onr article on the industrial preferred
stocks already alluded to was mentioned the fact that pellate Division— 1 st Department— of the Supreme
under the laws of New Jersey the preferred shares of Court of this State in the case of John Dougan vs.
industrial corporations possess a preferential claim Evansville. & Terre Haute Railroad Co., involving theupon assets in the event of liquidation, even though question as to when the liability of a guaranteeing
the certificates themselves may say nothing on the sub company for the payment of principal begins where it
ject. We understand this fact was a surprise to the has guaranteed both principal and interest of the bonds
managers of some New Jersey corporations who had no of another company and this other company has default
idea that this right attached to their preferred stock, ed on its obligations. Mr. Charles A. Boston, who was
A railroad of course stands in different category from one of the counsel for the plaintiff in that case, has
a manufacturing corporation—it seldom sells in case of directed our attention to the fact that the same tribu
liquidation for more than the amount of the mortgage nal on April 9 in John T. Clokey vs. Evansville &
foreclosed, so that the preferential lien on assets would Terre Haute R R ., further interpreted the contract of
guaranty and determined the question whether the
seem of less account.
Five of the eight issues may be redeemed at the com benefit of the guaranty can be considered to extend to
pany’s option at par in cash—these are the Erie, North the holders of coupons who are not also the holders o f
ern Pacific and Southern Railway (the right in this the bonds from which the coupons have been cut.
latter case is not mentioned in the certificate but ap The point at issire it will be observed was an important
pears to have been reserved nevertheless) and the one, and through the kindness of Messrs. Robinson,
Reading and St. Louis & San Francisco. The right to Biddle & Ward, who represented the plaintiff, we have
redeem less than the whole issue is specifically men been favored with a type-written copy of the full text
tioned only in the certificate of the Northern Pacific, of the decision.
The question as to the exact position of detached
hot may be construed to belong to some of the other
shares also. The Northern Pacific certificate is explicit, coupons has always been, an interesting one. Not so
saying, “ The company shall have the right at its option very long ago it was a very live question too and
and in such manner as it shall determine to retire excited a great deal of discussion. Every one will re
the preferred stock in whole or in part, from time to member the. practice which prevailed a few years since
of cashing coupons instead of paying them, then hold
time, upon any first day of January prior to 1917.”
The Reading shares embrace a feature that is novel ing these coupons alive and making them the basis for
and interesting. Besides common stock there were to the creation of an obligation which it was sought to
l>e outstanding both first and second preferred. The give a status superior to the bond itself. In other words,
old common stock of 41 millions was required to pay the coupons were used to the prejudice of the rights of
an assessment of 20 per cent in cash, receiving in re the bondholders, the object generally being to get con
turn (for both old stock and assessment) 100 per cent trol of the reorganization of the property at a very
of its par value in new common stock of an issue that small outlay of money. The practice was considered
was increased to nearly 70 millions through the ad so pernicious that nearly all the new mortgages con
justment made with the income bonds. To make, tain provisions intended to guard against su ch occur
therefore, the lot of the common stock less hard and to rences in the future. On the other hand, it is obvious
A p r il 24, 18a7.]
THE CHRONICLE.
that the cou pons may in p e rfe ctly legitim ate ways
com e in to the possession o f another party and that in
such instances hardship m ay result if th e cou pons
w hen detached are deprived o f any o f th e pow ers and
qualities w hich they possess as part o f th e b on d .
In the case under consideration th e p oin t at issue,
as already stated, was w hether a con tra ct o f guaranty
o f prin cipal and interest co u ld be e n fo rce d on the
cou pons where the cou pons had passed ou t o f the
ownership o f th e bon d h old er. O bviously in th e main
th e answer in this case m ust depend on the general
position o f detach ed cou pons where th e ownership is
separate from th e b on d itself. T h e C ourt quite u n e x
p ected ly decides that a con tra ct o f guaranty can not be
en forced as against cou pons clip p ed fr o m th e b on d s to
w h ich th ey originally b elon g ed . B ut it happens that
the d ecision is n ot that o f a unanim ous C ourt and that
tw o sets o f views are advanced. T h e p revailin g o p in
ion was delivered by J u d g e Ingraham and co n cu rred
in by Ju d ges V an B runt and P arker, w hile J u d g e
O’ B rien prepared a dissenting op in ion in w h ich J u d g e
W illiam s join ed . T h e cou pons on w h ich the suit was
brou g h t cam e from th e general m ortgage bonds o f the
E vansville & R ich m on d , and th e case reach ed th e A p
pellate division on appeal from an in terlocu tory
ju d g m en t overru lin g a dem urrer to the com p lain t.
T h ere was no allegation in the com p la in t that the
plaintiff was n ow or had ever been th e ow ner and
h older o f any o f the guaranteed bonds, and n o allega
tion that th e ow ner o f th e bon ds had dem anded o f the
E vansville & T erre H au te C om pany or o f the E vansville
& R ich m on d C om pany th e paym ent o f th e interest on
th e bonds ; and there was n o allegation o f any assign
m ent or transfer by th e ow ner and h old er o f the bonds
o f any claim or dem and fo r the interest on th e bon ds
to th e plaintiff. T h e one allegation was that the plain
tiff was th e ow ner and h old er o f th e cou p on s at th e
tim e o f the com m en cem en t o f the action.
J u d g e Ingraham says that while the liability o f the
ob lig or u p on cou p on s affixed to bonds has been
m uch discussed, it seems to him that a distinc
tion has been established as to the obligations
o f th e ob lig or upon cou p on s o f this ch aracter when
rem aining on the bonds and when detach ed th erefrom
and transferred to another person. T o show the gen
eral view o f the relationship betw een the bon ds and
th e cou p ons, he quotes from B ailey vs. C ounty of
Buchanan (115 X . Y ., 297,) as fo llo w s : " B u t the
cou pons, nevertheless, always have som e relation to the
bonds. T h eir force and effect and character m ay be
determ in ed by referen ce to the bonds. T h ey are
secured by th e same m ortgage and althou gh unsealed
are specialties like th e bonds and are g overn ed by the
same statute o f lim itation s w hich is a pplicable to the
bonds. U n til n egotia ted or used in some way they
serve no independent, purpose ; and while th ey are in
th e hands o f the h old er th ey rem ain m ere in ciden ts of
the bonds and have no greater or other fo rce or effect
than the stipulation fo r the paym ent o f interest con
tained in the bonds ; and while they rem ain in the
ownership and possession o f the owner and h old er of
the bonds it can make no difference w hether they are
attached or detached from the bonds, as they are then
mere evidences o f the indebtedness fo r th e interest
stipulated in th e bonds. ”
T h e case is not the same, however, argues J u d ge
Ingraham , where such coupons are detached from the
bonds and transferred to another person. In that
event, there seem3 to be im posed upon th e ob lig or a
781
som ew hat different liability and th e cou pons acquire a
som ewhat different character. U p on such transfer to
a th ird party th e cou pons becom e in depen den t ob liga
tions o f the o b lig or, w h ich can be en forced lik e any
other agreem ent to pay m oney. T h e ob lig or then
ceases to owe to th e h old er o f the b o n d any sum o f
m oney as interest upon that b on d. T h e h old er o f th e
b on d th en can not sue th e ob lig or fo r the interest that
becam e due at the date o f the cou p on w h ich has been
severed and transferred to a th ird party, because by
th e transfer o f th e cou p on th e ob lig or becom es in
debted to the transferree fo r th e am ount th erein
specified, th e h old er o f the b o n d h avin g by such trans
fe r in effect released the ob lig or fro m the paym ent to
him o f the interest th en b ecom in g due, and by this
transfer o f th e cou p on g iven life to in d epen den t
obligations o f th e ob ligor.
T his p osition . J u d g e
Ingraham th in k s, follow s fro m what was said by J u s
tice F ield in d eliverin g th e op in ion o f th e Suprem e
C ourt o f the U n ite d States, in C lark vs. Iow a C ity (20
W all, 589), nam ely: “ T hese cou p ons, w hen severed
from the bonds, are negotiable, and pass by delivery.
T h ey then cease to be in ciden ts o f th e bonds and b e
com e in fa ct in d ep en den t claim s ; th ey do n ot lose
their validity if fo r any cause th e bon ds are can celed
or paid b efore m a tu rity; nor th eir n egotiable ch a ra c
ter; nor their ability to support separate actions ; and
the am ount fo r w h ich th ey are issued draws interest
from its m aturity. T h ey th en possess th e essential
attributes o f com m ercial paper, as has been held by this
C ourt in repeated in sta n ces.”
C om in g n ow to th e guaranty, J u d g e In grah am says
the question presented is w hether the ow nership o f th e
cou pons w hen th e suit was com m en ced gave to th e
plaintiff a cause o f action against the E vansville &
T erre H aute u p on th e guaranty. B y this gu aranty
the T erre H aute C om pany guaranteed “ to th e h o ld e r
o f the w ithin b on d th e p u nctual paym ent o f th e p rin
cipal and interest th e re o f when and as the same shall
becom e due and payable.” T h ere is here no ob lig a
tion, reasons J u d g e Ingraham , to pay th e am ount o f
the various cou pons to the persons th at may h o ld
them not as in ciden ts to the bonds b u t as in depen
dent obligations o f th e Evansville & R ich m on d Rail
road Com pany. W h en th e h old er o f the bon ds trans
ferred th e cou p on to a th ird party, he transferred to
such th ird party an instrum ent w h ich upon its trans
fer becam e a separate and d istin ct ob lig a tion o f the
E vansville & R ich m on d C om pany to pay u pon a specific
date a sum o f m oney. “ It is true that th e con sidera
tion fo r that instrum ent was the agreem ent by the
Evansville & R ich m on d R ailroad C om pany to pay a
sum o f m oney as interest upon a b on d ; bu t upon the
transfer o f the cou p on s to a th ird party they ceased to
be in ciden ts to the b on d and becam e in d epen den t
claims. Such in depen den t claim s or obligation s against
the Evansville & R ich m o n d R ailroad C om pany were
not guaranteed by this defen dant, and do n ot com e
within the term s o f the transaction by w hich the de
fendant agreed to b ecom e responsible fo r th e paym ent
o f th e principal and interest o f th e bonds to th e h old er
th e re o f.” T h e C ourt does n ot undertake to determ ine
whether an assignm ent b y th e h older o f the b on d fo r
an instalm ent o f interest w ould have been a valid
transfer o f the obligation assumed by the E vansville &
Terre H aute, as there was no allegation in th e co m
plaint that such an assignm ent had been executed.
A s already stated, Judges O’ Brien and W illiam s dis
sent from th e con clu sion s o f th e m ajority o f the C ourt.
782
THE
C H R O N IC L E .
Jiulk't O'Brien quotes from the ease of The city of
sill 484), where it was said:
“ The coupon is simply a mode agreed on between the
parties for flu* convenience of the holder for collecting
the interest as it becomes duo. Their great convenient-i and use in the interests of business and oomnnw. c
uld commend them to the most favorable view
of the Court; but even without this consideration, look
ing at tin ir terms, and in connection with the bond of
which they are a part, and which is referred to on
their u -v . in our judgment it would ho a departure
from the purpose for which they were issued, and from
the interest of the parties, to hold, when they are out
off from the bond for collection, that the nature and
character of the security changes, and becomes a simple
contract debt, instead of partaking of the nature of
the higher security of the bond, which exists for the
same indebtedness.” He also quotes from the same
case referred to by the majority in their opinion,
namely Clark vs. Iowa City (20 Wall, 583), where the
Court said that ••coupons, when severed from the bonds
to which they were originally attached, are in legal effect
equivalent to separate bonds for the different instal
m e n t'o f interest. The like action may be {brought
upon each of them, when they respectively become
due. as upon the bond itself when the principal
matures; and to each action—to that upon the bond
and to each of those upon the coupons—the same
limitation must upon principle apply."
Hence Judge O'Brien thinks, considering the lan
guage used, the intent of the parties and the fair
inference* to be drawn from the allegations of the
complaint, and considering also that the interest
guaranteed on such bonds was known to be and
was in fact represented by coupons, andfreeognizing what was said in the opinion above quoted,
that coupons when thus severed from thejbonds “ are
in legal effect equivalent to separate bonds for the
different instalments of interest” ,— considering all
this. Judge O’ Brien thinks the intent and purpose
was to extend to- the holder of the bonds, and to the
holder of the coupons, whether they were the same or
different persons, the benefit of the guaranty. Unless,
as is fairly to be inferred, the parties intended the
guaranty to he to the holder of the bonds and to the
holder of the coupons—irrespective of whether they
were* held by the same or different persons—wo would
have the anomaly that in one case the coupons were
guaranteed, in the other not. A coupon, though an
independent instrument in the sense that suit may
be brought upon it without the production of the bond,
is still a part of the bond ; and the fair inference from
the wording that the defendant “ guarantees to the
holder of the within bond the punctual payment of the
principal and interest” , is that it includes whoever
hold* that, which is representative of the interest as
well as that which represents the principal.
T WO-C'EXT-P E II-M IL E PASSE N G E R
RATES.
Tiu- address which Mr. James Charlton, the General
p-‘ --" :i
ami Ticket Agent of the Chicago & Alton Rail
road Company, recently delivered at a public hearing
« tbc Senate Committee and House Committee of
the Illinois Legislature, in opposition to the proposal
to compel the railroads by law to reduce their passenger rates to two cents a mile, has been reprinted in
pamphlet form, It makes interesting and instructive
reading and deserves wide circulation. For the rea
[ V o l . LX IV .
soning and arguments which Mr. Charlton employs
and the facts and figures he presents apply not only
to the case of Illinois railroads, but they apply with
even greater force to the case of the railroads of other
Western States and to those of the Southern States,
where the conditions are far less favorable for carrying
out the proposition of two-cents-a-mile passenger rates.
Taking up the statement that railroad passenger
rates have not decreased during the past twenty-five
years, Mr. Charlton is able to show of course that
they have very decidedly decreased. His figures pos
sess special interest because they deal with specific
cases of reductions. After noting that lie entered the
service of the Chicago & Alton twenty-six years ago,
he points out that at that time and for a long while
afterward— that is, until 1884— the rate from Council
Bluffs aud Omaha to San Francisco was 8100; to-day
it is 850. The rate between Chicago and Kansas City
then was $21 00, now it is $12 50; between St.
Louis and Kansas City it was 812 00, as against
only $7 50 now.
At that time the local rate on
the Chicago & Alton was 5 cents per mile; to
day the local rate is 3 cents per mile, and the
actual average rate obtained is 2-022 cents per mile.
Moreover, the figures of the Inter-State Commerce
Commission show that in the group of States in which
Illinois is included it costs more per passenger per
mile to carry a passenger than the Chicago & Alton
for many years has earned per passenger per mile. Yet
the Alton is exceptionally well situated in this matter
of passenger business. It has the reputation of being
the best local passenger railroad in the State of Illi
nois, having more large towns to serve, and therefore
better earnings from passenger train service. Never
theless the statistics show that hardly one of the
Alton’s strictly local trains is at the present time pay
ing the average cost of operation.
For the year 1896 the average cost of running
passenger trains over the road was about 70 cents per
train mile; for 1895 it was 74 cents and for 1894 it was
a little over 75 cents per mile. These figures, M r.
Charlton says, are below the usual actual cost, because
the company did no work upon the road, or on cars or
locomotives, that could he avoided. Just as little
money as possible was spent to keep the road in oper
ation. In good times, under normal conditions, a fair
average cost for each passenger train would be at least
85 cents per train mile. The company has had a state
ment prepared of the train earnings for the period
from February 16 to March 11 1897, with the followr e s u lt.
N o: o f
train.
1
2
17
18
19
20
21
22
39
40
09
70
Termini.
Chicago aud East St, L o u is ...
a
<
t
u
u
Springfield and Bloom ington.
“
“
**
B loom ington and Girard.........
If
it
if
E. St. Louis and S pringfield...
“
**
“
A lton and J a ck s o n v ille ..........
it
u
u
Roadhouse and Jacksonville.
it
tt
K
A verage
earnings
p e r trip.
$197 42
197 15
21 04
34 15
30 51
32 74
06 26
59 61
32 05
32 96
17 22
14 88
Distance.
280 miles
280 miles
59 m iles
59 miles
84 miles
84 miles
96 m iles
96 miles
67 miles
67 miles
2 i miles
2 L miles
E arnings
p er
train mile.
71 cents
70 cents
35 cents
58 cents
43 cents
39 cents
69 cants
6 2 cents
48 cents
49 cents
82 cents
71 cents
It will be seen that on a basis of an average cost of
85 cents per train-mile for running the trains, not one
of these trains pays its way; and even on the basis of
only 70 cents per train mile, ouly four out of the twelve
trains earn enough to pay the average cost of opera
tion. And yet these are trains which are carrying
passengers at the highest rate per mile which the road
is able to obtain under the law and against eonipeti-
A p k il 24 1897. |
THE CHRONICLE.
78;«
tion. T hu s the figures given are con clu sive that the cered by A m erican citizens by birth, ex cep t tw o sub
trains cou ld n ot be operated on a basis o f tw o cen ts ordinates, w ho d o n ot d irect its p olicy , and w h o, at
per m ile— every one o f th em w ould have to be w ith any rate, were ca u gh t you ng. One o f th em has been
over fo rty years in this cou n try, and b o th are
drawn.
It is som etim es u rged that pop ulation has increased, p erfectly acclim ated , m ild and harmless, and in n o
and there are so m any m ore p eople to carry that rail cen t o f fo re ig n habits and opinions, and p e rfe ctly
roads can afford to con vey them at a low er rate per head u p -to-d ate citizens. I m en tion all this m erely because
and still earn m ore than was earned years ago. B ut on e cou n try e d itor w ho dem anded an annual pass fo r
he reply to this is that p op u la tion has n ot increased his w ife and d id n ot get it and another w h o traded or
n p rop ortion to the increase in railroads and th e n um loaned his editorial tic k e t and con sequ ently had it
ber o f trains and the superior, and con sequ ently m ore taken up, su ddenly becam e possessed with th e insane
expensive, accom m odation s furnished.
T w en ty-six idea that th e C h icago & A lto n was a fo re ig n corp ora
years ago th ere were on ly tw o lines betw een St. L ou is tio n because it w ou ld n o t su b m it to be bla ck m a iled or
and Kansas C ity. X o w there are fou r. T h ere was sw indled, and th ey have assiduously d ev oted th em
on ly one lin e betw een C hicago and Kansas C ity, now selves to th e m issionary w ork o f spreading the op in ion
there are seven.
T h ere were on ly tw o lines be that we were a fo re ig n corp ora tion because we o b je c te d
tw een C hicago and St. L ou is, and th e C hicago to d ish on esty.”
Speaking w ith referen ce to th e harsh treatm ent o f
& A lto n d id abou t 83 per cen t o f th e business. X o w
there are three lines, and th e C h icago & A lto n does the railroads and th e u n fortu n ate co n d itio n to w h ich
n ot d o 50 per cen t as m u ch o f th e business as it d id they have been red u ced as a result, M r. C harlton says
then. A s to th e extent o f th e train service each o f he has served railroads fo r over fifty years, b u t h e does
these roads i3 ru n n in g to-day tw ice as m any, if n ot not own one share o f railroad sto ck , and to-m orrow i f
m ore, trains than any one road in th e same territory he were a m illionaire several times over he w ou ld n ot
invest one dollar in railroad stock . H e w ould p u t his
tw enty-five years ago.
Mr. Charlton quotes fro m th e excellent pam phlet m oney in to farm s or oth er real estate w h ich legislation
lately issued by Mr. H enry A p th o rp , ex-R ailroad C om and p u b lic p reju d ices have n ot y et attacked . I f th e
m issioner o f O hio, to show how at the same tim e the C hicago & A lto n were payin g dividends to-day on th e
quality o f passenger train equ ip m en t and service has actual am ount o f m on ey invested in th e p roperty, it
B efore M r.
been im proved, at increased cost to the railroads. Mr. w ould n ot be able pay 2 per cent.
A p th orp s a id : “ Passenger coaches have been im C harlton’s tim e th e A lto n was b o u g h t at sheriff’ s
proved, and th ey cost abou t tw ice a3 m u ch as th ey did sale, and the th en buyers, who are still h olders
fo rty years ago. W ages are h igh er, many safety ap o f A lto n sto ck , instead o f ta k in g th e earnings
pliances have been added, safety h eatin g and better o f th e road, p u t these earnings in to th e tra ck and
lig h tin g have been p u t on, station accom m odation s equipm ent year after year. T h e road and equ ipm en t
and service have been im proved, m ore efficient inspec and financial standing were not at that tim e very g o o d ,
tion and safety signaling have been provid ed , the but by spen din g the earnings on th e road instead o f
speed o f trains has been increased, th e track s have takin g them in d ividen ds, it was speedily b ro u g h t to
been made better, and all this im provem ent at in a com paratively h ig h state o f p e rfe ctio n . H e n ce it
creased cost. * * * W ith in the past fe w years on happens that w hile th e A lto n is payin g 8 p er cen t
m any railroads the speed o f m any passenger trains, dividends, on th e am ount actually invested th e return
has been
increased alm ost on e-th ird.
T h is is is only 2 per cen t. C ontrast this w ith th e result
a saving o f tim e to
each
passenger on
the o f th e purchase o f ICO acres o f land fr o m the
trains, w ith no additional charge, b u t w ith in G overn m en t at $2 50 an acre and its sale to-day
creased expense to th e railways, fo r it costs m ore at 8100 an acre, m ak in g an investm ent costin g
to run a train fast than to run it slow .” In the same 8400 worth 816,000— this b ein g by no means an isolated
pam ph let, Mr. A p th o rp m ade com parisons with the instance, b u t rather a fair sample. D oes any one u rge
8 ervice in oth er cou ntries, and reached th e con clu sion that the farm er should receive interest o f 4, or 6, or 8
th a t the railway service in the U n ited States, in station per cent on th e origin al investm ent, instead o f receiv
and train accom m odation s, is greatly superior to any in g the fu ll interest on the present value o f the fa rm ?
railway service in th e world o f th e same class and
I f the roads sh ou ld be fo rce d to a d op t the tw o-cen t-aprice. E n largin g upon this, M r. C harlton notes that m ile rate, th ey w ou ld be com pelled to run few er trains
th e h igh er rates w h ich are obtained in E nglan d are and to em ploy few er men. T h e y w ou ld have to dis
obtained in a cou n try in w h ich th e p op u la tion is m uch pense w ith great num bers o f trainm en, track m en and
denser than it is here. In E n g la n d th e popu lation is shopm en, and it appears im possible to see how th ey
541 to the square m ile. In the U n ited States it is 23 to cou ld avoid m a k in g red u ction s in wages. T h e final
th e square m ile. In G reat B ritain and Ireland the result m a y b e sum m ed up as follow s : D ecreased wages,
total m iles o f railroad are 2 0 ,3 2 1 ; inhabitants per mile strikes, riots, blood sh ed , loss o f life and p rop erty, p er
o f railroad, 1,938. In the U n ited States the total haps even revolu tion . A n d w ho w ou ld gain by red u ced
m iles o f railroad are abou t 180,000 ; the inhabitants rates ? X o t th e p oor man. H e does n ot travel a great
per m ile o f railroad, 380. In Illin ois, th e total miles deal
H e can not afford th e loss in wages and th e cost
o f railroad are 1 0 ,4 3 0 ; inhabitants per mile o f rail involved. On th e average red u ced rates w ou ld p ro b
road, 395.
ably not save w ork ingm en in Illin ois ten cents each
Parts o f M r. C harlton ’s rem arks are cou ch ed in a per year. B u t that w hich will save a w ork in gm a n su ch
hum orous vein. Here is a specim en w hich deserves an insignificant sum, and save m ore to those to w hom
r e p r in tin g : “ T h e C h icago & A lto n , gen tlem en, is a it is not a fe lt bu rden to pay, will cost railroads m il
purely and exceptionally A m erican railroad. It is lions.
ow n ed by native-born A m erican citizens who live in
M r. C harlton well says that railroads, instead o f
his cou ntry and expend their in com es in it.
Its b ein g harassed, embarrassed and oppressed, should b e
d rectors are A m erican citizens by birth. It is offi w elcom ed, encouraged and p rotected . T h ey have n o t
,
THE
7tf4
C H R O N IC L E
.a M.t the sovereignpeople. Ob
uu. coiumrv they have been chief agents in the de
velopment. progress and prosperity of the country.
U he rover they run they have largely increased the
value of to < rv farm and every city, town and village lot.
>
Altii'i-t Wvuad computation they have cheapened trans
portation of - very kind. Food is cheaper because of
them. What were luxuries and inaccessible, or too
costly wars ago. are common food to-day, through
the instrumentality of the railroads. They bring to
every Illinois home the luxurious fruit and food of the
South and West at prices within the reach of all. To
the railroads we owe it that we are paying only two
cents letter postage to-day instead of twenty-five cents
or more, as in days not very long gone by. They
have made it possible to transmit with rapidity, cer
tainty and safety the enormous quantities of news
papers and express packages for which formerly there
were no facilities for transmission. Through them
the farmer has access to markets that were beforetime
inaccessible to him. For him they have increased the
value of every bushel of grain and every product of the
soil. Finally, “ they have brought together and
hound in one this country, which but for them might
have hung together a little more loosely and danger
ously, if even it had not had the misfortune to fall
apart, which would have been the blackest fatality
tliat lias ever overtaken civilization.”
IM P O R T S
AND
EXPORTS
S IL V E R A T S A N
OF
GOLD
AND
F R A N C IS C O .
Through the courtesy of the Collector of Customs at San
Francisco we have received this week the details of im
port.-* and exports of gold and silver through that port for the
month of March, and they are presented below, together
with the figures for the preceding months, thus completing
the resuits for the nine months of the fiscal year 1896-97, The
imports of gold were somewhat greater than in March, the
amount received reaching 8128,181, of which $31,230 was
in coin, and of silver there came in $130,906, of which $133,877
was bullion. There has been received during the nine months
a total of $9,361,759 gold and $1,684,061 silver, which com
pares with $727,486 gold and §1,502,987 silver in 1895-96.
The shipments of gold during March were §6,995 coin and
$675 bullion, and the exports of silver have been §108,616
coin and $587,300 bullion. For the nine months the exports
of gold have been $920,886, against $512,416 in 1895-96 and
$7,624,480 silver has been sent out, against $9,580,873 in
1895-96. The exhibit for March and the nine months is as
follow s:
IMPORTS O F 0O I.D AMD S IL V E R A T SAN FRANCISCO .
KOjrrns,
1890-97.
I n l y ......... i
AbtfUM ....
GO LD.
SILV E R .
C
oin. Bullion T
otal.
$
8,723
0,239
S eptem b er 2.072,409
O c lf lb r r . .. 2,379,208
Wot ember.;2,182,034
December. 1*948,295
January...
7,980
February..
1,099
M arch.......
31,230
$
*
70,080;
79,403
41,009:
47,308
112,100 2,184,509
61,441 2,430,709
123,108 2,300,092
139,058 2,087,951
35,732
43,712
57,798
58,894
91,951 123,181
T o t 9 m o*,. 8,838,226 723,533 9.801,759
C
oin,
if,807
4,264
10,935
13,902
76,541
127,694
10,879
3,482
3.029
Bullion.
2 o!,231
80.029
118,099
237,039
123,629
177,658
225,165
108,741
133,877.
T
otal.
229,098
84,293
129,034
250,941
200,170
305,352
236,044
112,223
136,906
270,593 1,413,468 1,684,061
EXPORTS o r <K)t.U ASO S IL V E R FROM SAN FRANCISCO.
GO LD.
icojrmft.
Ootn.
189^ 97,
Ju ly ..........
H er ember.
Deeember.
J a n u a ry ..
February.,
March
206,105
259,315
8,290
6*,03e
55 895
215,521
105.252
2,940
6.995
r<»4 9 n iv .
918,329
A a r a e t ____
S e p tem b er
O c t o b e r . ..
Buthnj
»
1,400;
150
332
m
2.567
SILVER.
Total.
Ooln.
$
200,105
133,860
259,315
108,291
9,680
57,500
187,131
58,180
55,8851 382,835
215,858 1.578,550
105.2521 198,490
2,940i 391,938
7,07O| 108,010
Bullion. ;
-----i
Total.
$
487,020
821,486
274,371
377,662
734,080;
791,040
267,002
451,133
324,980
707,815
751,350 2,329,900
512,540
711,030
642,910
934,848
587,300,
695,910
920.0801 3,142,277 4,482.153; 7,824,430
[V o l . L X IY .
3^ l o t i p e t a r B s ^ o m m e i ; c i a T j ^ i i f l n s t t .A » j g x p s
L o n d o n , S a t u r d a y , A p r il 10, 1897.
[From our ow n correspondent.]
Notice has been given by the Powers both at Athena and at
Constantinople that if war breaks out between Greece and
Turkey the Powers will hold the aggressor responsible and
will not permit either party to benefit bvany conquest it may
make. Hope of averting war has been well-nigh abandoned,
In the meantime, the utter decay of the Ottoman Empire
is becoming visible to the most superficial. Ismail Kernal
Bey, ex-Governor-General o f Tripoli, has addressed a very
remarkable report to the Sultan, in which he frankly states
to his sovereign that corruption is universal, is eating into the
Army, has destroyed the Navy, and has alienated the feelings
of the people, that the atrocities committed have earned for
the Sultan the nickname of the “ Red Sultan” , and that his
only hope now is to make a clean sweep of the Palace
Brigade and to call honest men to his councils.
Hardly less remarkable is a speech delivered by the British
Under Secretary for Foreign Affairs to his constituents last
Saturday evening. Mr. Curzon, in defending the attitude of
liis Government, frankly explained that the policy o f main
taining the integrity of the Ottoman Empire means that the
great Powers have agreed among themselves that the break
up of the Ottoman Empire is inevitable, that they will avoid
a war for sharing the spoils, and that they will continue
united to distribute the various parts o f the Empire as they
fall off from the main trunk. Thera is a good deal of doubt
whether Russia heartily agrees with this policy, but everyoae
believes that this country, Austria-Hungary, France and
Italy are earnest in upholding it. The exact attitude o f Ger
many is not understood.
In South Africa there is very little improvement. In Uru
guay the revolution seems to be making rapid strides, For
the strengthening of the army the President has called out
6,000 national guards. In Brazil the Fanatic revolt seems
also to be formidable,
The stock markets continue very inactive, though speaking
generally prices are well maintained. The market for Amer
ican securities is as inactive as ever. The action of the Sen
ate in regard to the Arbitration Treaty and the discussions in
that body about Cuba have made a bad impression all over
Europe, while the extreme protectionism of the Tariff bill
causes a fear that there may be a Democratic reaction and
that the battle for sound money may have to be fought over
again. And the fear is increased by the result o f the muni
cipal elections in so many of the leading cities of the West,
The political troubles in Brazil and Uruguay, o f course,
have depressed the securities of those countries, but Argen
tine securities have steadily risen since the announcement
that the full interest on the debt is to be resumed in July.
International stocks are fairly well maintained and British
railway stocks are being bought on a moderate scale by in
vestors. Mining shares of Western Australia and New Zea
land are also well supported, but there has been another fall
in South African shares, partly due to the unsettled political
conditions out there and partly to a pamphlet published in
Paris, intended to show that the deep level mining com
panies need immense sums to continue operations.
The Directors of the Bank of England on Thursday re
duced their rate of discount from three to two and a-half par
cent. The rate of discount in the open market for three
months' bills was barely over one per cent at the time. The
general feeling was that the Directors would do wisely to put
down the rate at once to two percent, but no doubt the Direct
ors thought it more prudent in the present unsettled state of
Eastern Europe to act cautiously. To the Bank itself it makes
very little difference whether the rate is two and a half or
two per cent. In either case, it is completely out of the mar
ket, But the rule of the joint-stock banks is to pay upon
their deposits one and a-half per cent below Bank rate. Con
sequently they in future will allow only one per cent upon
deposits. The reduction, therefore, is really made to satisfy
the joint-stock banks, not to increase the business of the Bank
of England itself.
The silver market is very quiet and the India Council is
holding out for a price which the market is unwilling to give.
It offered on Wednesday 40 lacs, and sold only about 26 lacs
at an average price of Is. 3d. per rupee. Later in the day it sold
by private contract about 4 lacs. It is understood that the
drain upon the Government treasuries in India on account of
the famine relief works is very great and that the Council is
not very anxious to sell. Unfortunately it seems certain now
that the spring crops will give very little relief, and that
therefore the works will have to be continued until August
or September. There is little abatement in the plague.
The Board of Trade returns for March are very satisfactory
at first sight. The value of the imports was a little over 40^
millions sterling, an increase of somewhat oyer 7 >1 millions
sterling, or nearly 6 per cent. The increases in the imports
are chiefly in food and in the raw materials of manufactures.
The value of the exports of British and Irish produce was
under 21% millions sterling, an increase of nearly £1,200,000,
or rather more than 5% per cent. The increase is mainly in
the exports to the United States. In other words, it is the re
sult of the rush to get goods into the United States before the
new tariff is put into operation. Furthermore, it is to be
recollected that there were five Sundays in March last year
and only four this year.
At home trade continues exceedingly good; work is plenti
ful at good wages.
The “ Railway News ” of London reports the traffic receipts
for the week ending April 4 of 55 railways_of the United
Kingdom which make weekly returns at £1,561,495, against
£1,630,405 in the corresponding week of last year, a decrease
of £58,910. For the fourteen weeks of the current half-year
receipts were £30,890,149, an increase of £458,493,
The rates for money have been as follow s:
The following shows the imports o f oereal produce in to
the United Kingdom during the first thirty-one weeks o f
the season compared with previous seasons:
IM PO STS.
1396-7.
Im portaof w heat,ow t.41,637,630
B arley....................... ...1 5 ,7 1 0 ,6 1 0
Oats.................................10,488,300
Peas.....................
2,157,930
Beans............................. 1,847,050
Indian c o m ................... 37,197,230
F lo u r............................. 13,812,270
Interest allowed
for deposits bp
Open Market Hates ,
K
,
785
THE CHRONICLE.
A p r il 24, 1897 .J
---------1896-7.
Wheat im ported, o w t.4 1 ,637,630
Im ports o f flour.------13,812,270
Sales o f hom e-grow n.16,456,472
ZH
2
ZH
bH
354
3
i
z%
6
6
4
1
4
2
2
534
5
i
*x
3
4
8
5
*
2
2
354
554
4
«
SH
8
4
6
5
4
m
m
534
4
4
o f discount, the price o f consols,
last three y e a r s :
1897,
1896.
1894.
18P6.
April 7.
April 8.
April 11.
April 10.
x
£
X
G lr e a la * io B ... ............
27,815.6 23 26.534,980
25,030,020
26.318,735
P u b lic d ep o sits.
8.373,516
13,743,10!
7.875,172
41,365,451
O th e r d ep o sits
29, l‘i 1,850
48,909.16!
31,921,8*2
13.812,584
15,210 953
G o v e rn m e n t seen t it l e s __ __
12,486.929
P.379,038
O th e r s e c u r it ie s ... . . . . ... ,,
24978,381
28,£183.820
22,956,981
17,811,275
27.5 SO, 907
R e s e rv e o f n o te s a n d o -in..
27,136,821
22.988,055
37.143,176
C o ln & b u llio n , b o th d 8 p a rtm fta SS.39Q.p 32
46.878.153
38,633,356
31,218,075
52 3-10
59 3-16
C r o p ,r e s e n r 8 t o lia b llit le s ..p . c.
6 11-16
68*
2
2
B a n k r a te
....... . . . . . p e r c e n t
2
2-k*
C o n so ls. 2H p e r c e n t , . . . . . . . . . 11 2 3 -16
n ox
104 15-16
100 1-13
S ilv e r
....... ............. ......... ..
. s s %a.
31 3 -1od.
3Q^d,
C le a rin g -H o u s e r e t u r n s .. __ .147.789,000 102.635.00) 155 980 030 ll3.y33.OGO
_
Messrs. Pi x ley & Abell write as follows under dace of
April 8 :
Gold—With a good inquiry fo r the Continent, gold has been in keen
demand, and the p rice la accord ingly hotter than when we last wrote.
Sovereigns am ounting to £3 47,0 00 have reached the B ank from A us
tralia. A rrivals: Australia, £3 52,0 00; China, £3 ,000 ; B om bay, £66,000; New Zealand, £9 ,000 ; Cape Tow n, $151,000; Chill; £ 6 ,000 ; total,
£587,000. Shipments: B om bay, £1 5,50 0; Japan, £2 98,4 00; total,
£313,900.
Silver—The changes during the week have been unim portant, and
the supplies have proved sufficient fo r all demands. F ix e d to-day at
28%d. New York has since sold rather freely, and the market closes
weak. The Bom bay price to-day Is 77% Rs. per 100 totalis. A rrivals:
N ew Y ork, £161,000; Valparaiso, *47 ,000 ; total, £208,000. Ship
ments: B om bay, £159,000.
M exican Dollars—The last quotation is 2 7 % d „ bu t n e x t to nothing
has been done in these coin. Arrivals from New York, £7,000. Ship
m ents to Penang, £1,700.
Bar gold, fine___oz.
Bb figol c1.parting.oz.
Spanish, o ld ........ oz.
N e w ................. oz,
U. S. gold e o in ...o z.
Germ’ii gold coln-oz.
French gold ooin-oz.
A pril
8.
*.
77
76
76
70
76
76
76
d.
11%
0
0%
1%
5%
3%
3%
A p ril
s.
77
77
78
76
78
76
76
d.
io q
10%
OH
1%
5%
3%
3%
SlLVEB.
London Standard,
Bar silver, fin e.. . oz.
Bar silver, oontain’g
do 6 gra. gold.oz.
do 4 gra. gold.oz.
do 3 gra. g old.oz.
Cake silv er..........oz,
M exioan dollars.oz.
AwHl A pril
1.
*8
d.
283s
67,235,816
1894-5.
20s. 3d,
19s, 9d.
60,685,097
1893-4.
24s. 6d
26s. 2d
The following shows the quantities of wheat, flour and
maize afloat to the United Kingdom :
This week.
W heat.- ...q r s . ..1 ,540 ,000
Flonr, equal to q r s ...
280,000
Maize................q r s . .. 820,000
E n g lis h
L ast week.
1,510,000
275,000
805,000
F in a n c ia l
1896.
2,140,000
311,000
539,000
1895.
3,268,000
289.000
229.000
M a r k e t s —JPer C a b le .
The daily closing quotations for securities, &o., at London are reported by cable as follows for the week ending Apr. 28 :
Tues,
Sat.
L ondon .
lx
0
3
o
a
Wed.
Thurs. | Fri.
! 287,6
111%
111%
102-20
9%
18^
49%
17
72%
38
1178
28
92%
168
43%
69%
10%
100
13%
24%
34%
53%
8%
1 7%
25
1 5
12%
28%
111%
11178
102-27
10X
19%
50%
17 H
73%
38%
12^2
28%
94
168
44^9
69%
11
101%
13%
24%
35%
5378
9%
8%
26%
5*8
12%
285,6 285,6
111% 11178
112
112
102*35 102-50
1G3Q
10%
19%
19%
50%
50
1714
73%
731s
38%
38%
123s
12%
29
29
94
94
168
44%
44^
70
70
1034
10%
101
101%
13%
13%
24%
35%
35%
54%
5414
9%
9%
8%
8
26
26%
5%
5%
12%
12%
2
5
G old .
London Standard.
1893-4.
34,240,067
20,674.861
7,946,004
1,646,537
3,326,022
19,746,392
11,472,376
1895-6.
1894-5.
1893-4.
39,418,870 41,192,646 34,240,067
13,060,300 11,911,270 11,472,376
9,975,665 14,131,900 14,972,654
T otal.................7 1 ,9 0 6 .3 7 2 62,454,835
1896-7.
1895-6.
k ver.price wheat, weefe.27s. lOd.
24s. 7d.
Average price, season ..2 9s. Id . 25s. Od.
3
354
8
4
6
5
1
1894-5.
41,192,646
17,927,144
8,195,577
1,513,809
2,706,432
16,044,814
11,911,270
Supplies available for consumption (exclusive o f stocks on
September 11:
Silver, per ounce....... d, 287lfS
Trade Bills.
Bank Bit in.
es
Distft B !se Uonsols., new , 2% p.ets.
London.
F or a c c o u n t...............
Stock A t 7 to U
Three Four
Six
Fr’ohrente8(inParis)tr. 102 70
S Three Four Six
ea Months Months Months Months Months Months Banks. Call. Dayt
Ateh. Top. & Santa F e.
Do
do
pref.
2
w
2M
m
154
M a r. 12 3
IX
Canadian P a cific..........
m
m
Chesapeake & Ohio.......
154 154
i«
i*
mm
154
* 19 3
IK
m
m
*
*
.
Ohio. M ilw, & St. Paul
2
2
*
154 154
“
26 A
IX
m
Denv. < Rio Gr,, p re f..
fc
m
154 1M
w ® iu
A p r. 2 3
154
154
Erie, c o m m o n ...............
t
1
1
*•
9 0 4 1 1-16
m&miHmu m m
154
•*
1st p referred .............
*17-l£k?i-l«.
+1 i-imiH<
Illinois Central.............
a
The Bank rate of discount and open market rates at the Lake S h ore....................
Louisville & Nashville.
chief Continental cities have been as follows:
M exioan Central, 4s ...
o
Mo. Kan. & T ex., com.,
N. Y. Cent’l & Hudson.
April 2.
April 9.
Mch. 28.
March 19.
S'. Y . Ontario & W est’ll
Rates o f
Norfolk < W est’n, pref,
fc
Interest at
Brink Open
Bank
Open Bank
Bank
Open
Open
No. Pac. p ref., tr, recta.
Rate. Market Rate
Market Rate. Market Rate. Market P enn sylvania...............
Phila. & Read., per sh.
2
Z
2
Z
P a r la ... ............
m
m
m
m
South’n R ailway, com.
m
sx
m
m
2H
3
SX
zx
Preferred....................
354
3
H a r a b u r « .----254
354
354
354
Union P acific................
m
3m
Wabash, preferred___
F r a n k f o r t . . .. . .
354
254
35s
3«
354
354
A m s te r d a m ....
B r u s s e ls ------V i e n n a . .. . .
8 t. P e t e r s b ur a.
M a d rid ....... .
O o p e n h a c re n ...
1895-6.
39,418,870
15,734,620
8,048,980
1,719,620
2,170,862
28,140,200
13,060,300
d.
28ba
28% 28>%e
28U le 28%
28% 28o,s
30%
27% 27%
©unxnxcvctal am i HXxscellatxeaxxs fjexus
N a t i o n a l B a n k s . —The following information regarding
national banks is from the Treasury Department:
CORPO RATE EX ISTE N C E EX TE N D E D .
4,122—The First National Bank o f Oakesdale, W ash., has gone into
voluntary liquidation by resolution of its stockholders dated
January 12. 1897, to take effect F ebruary l , i8 ‘»7.
4,64C—The Farmers’ National Bank of Arkansas City, Kau., has gone
into voluntary liquidation by resolution o f its stockholders
dated March 2 0 ,1 8 9 7 , to take effect M arch 2 4 ,1 3 9 7.
2,319—The First, National BauK of Winston, N orth Carolina, has g on e
into voluntary liquidation by resolution o f its stockholders
dated February 13. 1897, to take effect February la , 1397.
4,001—The National B attkof Comm erce of Duluth, Minnesota, itas gone
into voluntary liquidation by resolutiou o f its stockholders
dated March 1 7 ,1897.
4,228—The State National Bunk o f St. Joseph, Missouri, has gone into
volun tary liquidation by resolutiou o f its stockholders dated
April 2, 1897, to take effect April 3 ,1 897 .
I m p o r t s a n d E x p o r t s f o r t h e W e e k . —The following are
the imports at New York for the week ending for dry goods
A p r il 15 and for the week ending for general merchandise
April 1 6 ; also totals since the beginning o f the first week in
January,
FO R E IG N IM PO RTS A T N E W Y O R K .
F or week.
1897.
1896.
1895.
1894.
Dry goods.......
Gen’l mer’ dise
$3,079,306
8,596,555
T o t a l.........
Since Jan, 1.
Dry g o o d s .....
Gen’l mer’ dise
$12,275,861
$9,913,831
$10,681,057
$7,783,039
$40,022,871
109,764,516
$44,621,572
104,891,418
*50,400,189
105,559,875
$28,063,290
100,788,224
$2,035,921
7,877,907
$2,563,272
8,117,785
$1,503,33d
6,279,709
Total 15 weeks $149,787,447 $149,512,990 $1*5,960,064 $128,851,514
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending April 19 and from January 1 to date :
E X PO R TS FRO M N E W Y O R K F O R TH E W E E K .
1897.
F or the w eek..
P rev .rep orted
$8,146,571
107,113,967
1896
$7,627,520
106,007,900
1895.
$6,608,646
95,689,270
189.4,
$7,218,979
103,012,419
Total 15 weeks $115,200,538 $113,635,510 $102,297,916 *110,231,398
The following table shows the exports and imports, of specie
at the port of New York for the weekending April 17 and
1H E CH
7B
H ___________________________ = = = R O N IC L E .
The visible supply of grain, comprising the stocks in
granary at the principal points of accumulation at lake and
seaboard ports, April 17, 1897, was as follows:
! a ,.„ J a n u a r y 1, 18»T, a n d f o r t h e c o r r e s p o n d in g p e r io d s Id
1896 *n<t I M 3
s t r u m s k"rt i iir o a r * o r s r s o t s at » b w t o b h .__________
EzperU.
W eek.
Week,
$15,270
O rrai B rita in . . . . . . j
is M .a e r *
r t » a » ......... ........
046Ht!BJfcRV—. — ** «*»* I
t n O l e * . ..» * • • •
M ftX Seo.
—
” 2,220
........10
826,200
31,400
130,195
95,303
*5,262
37,244
731,599
*1,107,474
17,984,934
14.212,930
*•*2,84(1
$10,080
$3,042
106,780
Booth A m eiteA -....
an other countries. I
210.00C
Total 180?.........j
81.070.32
Total ISOT.......(
Imports.
Erporte.
BUmr.
$957,200 $13,212,110
431,000
5,750
43,352
O r ,» : B r u a lu ........
$2,022
............
i.d o o
60,473
346,312
223,077
6,190
18,835
$35,085
13,118
|96i,560 $13,711,017
880,090 15.583,073
9,119,170
843,082
$48,203
55,710
45,816
7,360
Booth A m erica.......
A ll other countriesTotal 1897........
Total 1S96........
T otal 1895........
Brea«atutr» (Figure* Hroaghl From
$639,074
764,826
416,014
Paso 811.—£de
Attainm ents b e l o w a r e p r e p a r e d b y u s f r o m tlie fig u r e s o f t n e
H ew ’ V •
irk P r o i u o a E x c h a n g e
T h e r e c e ip t s a t W e ste rn la k e
a n d r iv e r p o r t s f o r t h e w e e k e n d i n g A p r i l 17, a n d s in c e
r
1
- P Li...
WhMt.
F lo u r.
m cM pu at—
I . . . i. 4 L - . .
L n IT/I I m o n
a a
fn llA W S *
Rye
Bariev.
Oats.
C om ,
H bii.lfltbbj DushMths B iw A & Sfhs BmhS'ZIM Bwh.iSlbs Bush.66 lb*
14,350
135,525
1,2 iS ,802
31.053
617,048
4^041
C h ic a g o - . .
7.200
93.000
5,200
108,800
130,91*2
m m
W iw m k m .
3,803
ll.S S S
5,850
705,377
42.781
D o la tJ a . . . . .
88,900
17,1,30
,000,100
1.561
1,931
12,000
....
148,117
47,830
55?
To-.e4o..
11,205
33,600
23,0 20
20.238
3,150
D e t r o it - . . .. ]
14,764
8.407
j
2.080
7,853
14,257
270.945
156,200
18.-tOO
24,420
Si. Louis..
1,800
19,000
127,030
7,200
147.250
Paoria . .
84,000
205,000
. ..
54.000
320,087
358,148
200,080
36,937
32,392
28,208
8,351,188 134,189.734 119,324.213 128,877.532 34,354,427
8,t4S.2£K> 170,991.204 91,907,354 109,292.305 34,490.310
8,«S5,St» 125.655,517 59,4*4.255 07.73 L.530 29,788.021
0,134,546
3,185,195
2,131,706
174.474
250.330
173.547
vm -& 7. .
2.028.150
1,080,03}
1,124,045
1,791,437
1,010.891
1,719.082
1,448.77"
1.517,026
804.807
v m - m ..
T h e r e c e ip t s o f flo u r a n d g r a in a t t h e s e a b o a r d p o r t s f o r t h e
w e e k e n d e d A p r i l 1 7 .1 8 0 7 , f o l l o w :
Wheat*
Corn,
Odt#,
Xve,
Flour,
bush.
hush.
bmh.
hush.
bbU.
Receipts at—
N ew T o r t . . . . . . . . . .
gogg
M o n t r e a l-.............
P h ila d e lp h la . . . . . . . .
.$§& §
.............
38.155
4,100 1,190,42-1
24,671
971,031
11,000
81,514
8,300
391.808
716,537
. ____
........
3,800
112,808
........
17,498
17.358
4&.0&9
Baltimore........
8*M
»*
Richmond— ....... 2,/lU
New Orleans*.......
N o rfo lk & N . N ew s
G a lv e s to n ...... ............
Sbl
g t.jQ h o « N .B .. . . . . .
5.000
Portland,Me .......
T o ta l w eek ......... ***£&
W M k l & m . . . 288.088
m m
h lw o
Boston ............. . S ^ B
SB O
280.800
240,208
10.094
91.633
62,931
7,100
45.210
40.00C
22,593
353,988 4,103,005
884,033
200,250
598,813 1,294,314
81,600
4,155
10,680
17,600
101.400
500
850
15,535
640
12,218
127,133
234.572
118,025
•Receipt** do not Include oral a passing through New Orleans for foreign
porta on through hills o f lading.
T o t a l r e c e ip t s a t p o rta f r o m J a n . 1 t o A p r i l 17 c o m p a r e as
f o llo w s fo r f o u r y e a r s ;
1894,
1896,
1895.
1897.
riK tipu o f 4,495,444
5,335,805
3,307,878
..bbi* 4,507,113
Flour...,
1*5,707,254
2.015.420
1,647,837
8,678.162
10,848,941
42.061,050
2.823,701
805,988
5,324,541
7,803,1*55
143,887
4,056,105
20,878,100
9.302.57 L
1,402,560
82,087
i,....... . 00,2*5,018
38.862,938
23,481,421
36.282,119
.bush.
W h e a t.,
8 K :.:.
5.972,140
«
T h e e x p o r t * fr o m t h e s e v e r a l s e a b o a r d p o r t s f o r t h e w e e k
e n d in g A p r il IT, 1897, a r e s h o w n in t h e a n n e x e d s t a t e m e n t
Wheat,
Mjsmrkt fro*a — bush.
N « « T u rk . .. s m ,m
B e tto o .
-■
300,421
., 14
..
m
m
Tta*
dcs
k i !k
*
if .ia b
1
T « * ii
201,605
073,200
mpad 1,21*5,376
Sl.900 3 U .124
P h i 19 d
*
SMiltiim m .
N fw tm m a
ptf
Oorn.
tnuh.
iw jm
4*
ti nation *
r 1^ 1896,
Flour,
bbU.
81,4*4
51.030
11,247
8.571
15,187
1.033
‘" ’mi
aym
5,000
4,120
414,558
235,315
uais
bush.
307,685
105.083
60,8 Si
m e,
bush.
99,737
..........
1 00
313,0 n
ir n ju
lxport. s
1,285
Barley ,
bush.
95,307
12,218
.... ..
........
' io.itoo
22,503
Peas,
bush.
........
435
238,000
109.000
30,000
sb.obo
30.000
*09(000
i l l .000
102000
.................
........
............. ..
81.000
113,000
22,000
6,745,00©
llKi.OOO
1,223,001'
159,000
11,000
458,000
52.000
2.125.000
809,000
08,00**
95,000
1,33 2,00u
122.000
1,485,000
‘ 39.006
94,b o b
78.000
9,006
30,000
“ 8,000
01.000
783.000
170.000
92,000
203,000
321,000
9,000
35.000
12.000
‘ 10.000
“ 1,000
22,000
178.000
63.000
843.000
80.000
35.000
1,000
182.000
149.000
752.000
60.000
1,144,000
208,000
817,000
13,657,000
13,287,000
9.483.000
0,242,000
2.005.000
3.030.000
3.042.000
1.518.000
107.000
871.000
3.2J3.0 0
2.705.000
1.037.000
511.000
300.000
1,600,000
61,000
58.000
103.000
2,490,000
92.000
262.000
3,917,060
22,000
1
........
8,000
fS
21.000
1
blush.
1.504.000
889.000
.
B ine't
Rtf*
bush,
3,887,000
Since. Jan.l.
Week.
Since J a n .l .
Week,
h\f$h
bush.
Now Y o r k ....... .
913,000
Do
a flo a t......... .
1 6 1 ,0 0 0
A lb a n y ......... . . . » ..........
....
B u ffa lo ....... ............
474.000
Oo
a f lo a t ......
.......
C M o a sto ......... .
9,364.000
Do
a f l o a t . . . . . . 177,000
M ilw a u k e e ......... .
218,000
Do
a f l o a t .........
D u lu t h .................
7.205.000
Do
a f l o a t . . . . . . 1.019,000
T o le d o ......................
850,001*
Do
a flo a t........... .
. ...
D . t r o l l . . . ....... .............
2 0 1 ,0 0 0
an
a f lo a t .......
. . . . ...
iB w ago . . . . . . . . . . . . .
6,000
* L o u l i ................... . . . 421,000
........
c D o a flo a t......... .
S in c e Ja 11, 1 .
O its
bu*h
C orn
Wheat,
In store at
|________ tmpttrii.
\ 8 in < cJ a n .l.
jV o B LX IV
' 42,6b!
63.000
74.000
10.000
9 ,0 0 6
6,boo
81.000
87,000
9 7 ,0 * 1
in c a n a l a n d r i v e r . . .
T o ta l
T o ta l
T o ta l
T o ta l
T o ta l
24.103.000
24.967.000
17.170.000
11.529.000
14,560 000
A p r. 17 , 1897,30.979.000
A p r. 10.1897,37,703,000
A p r. 18,I860.58.483.000
A p r. 20,1895 68,020,000
A p l. 21.18 94 63,425.000
* L a s t w e e k ’s s t o c k s ; t h is w e e k 's n o t r e c e i v e d , o w in g t o h o lid a y th e r e .
Auction Sales.—Among other securities the following, not
regularly dealt in at the Board, were recently sold at auction:
By Messrs. R. V . Harnett & Co.:
Shares.
10 Standard Sat. Bank o f
Hew Y ork C ity............... 105
Bonds,
$1,100 Amer. Lithographic
Co. 1st 5 s ............................... 60
$5,000 Canandaigua, N. Y.,
Elee.i—
kRy.Co, l e t 0 8 , 1 9 1 6
By Messrs. Adrian H, Muller & Son :
Shares.
|
10
Shares.
i c e r t . m c i i i b . N , Y P r o d . E x . $ 1 1 0 | 2 5 A t l a n t i c T r u s t O o............... IS O
l O o M e e ll a n . & T r a d e r s ' B k . , 1 2 5
3 7 M e t r o p o i. N a t B a n k t o
4 Central Nat. Bank........... 163(4
p.o. pd. in liqu idation.$41 lot
Bonds.
1 Clinton Hall Ass’n.......... 60
12 W estern Nat. B ank . . . L 1 15°8 $ 5 0 0 T o w n o f M a m a r o n e e k ,
.
35 Fulton Construct. CO.SoiO lot. i W e s t c h e s t e r C o . , N . Y . , 7 b ,
1890. F&A_____ ________1 0 1 t«
.00 City By. Im p. Co .......... *5 lot
$ 1 5 ,9 0 0 I n t e r n a l D e v e l o p
.,494D urland’s Biding A cad
m e n t C o . 1 s t 5 s .......................... 5 — 7
emy Oo..........................$11 lot
City Railroad Securities—Brokers’ Quotations.
B id ,
5103
I m p t . 5 s, g ., 1 9 3 4 .. J & J
30 t j
B le e k , S t . & F u l . F . - S t k .
i s t m o r t . , 7 s . 1 9 0 0 . J & J 5106
20 **
B r o o r tly n R a p id T r a n s i t .
B ’ w a y & 7 t h Av© .—S t o c k . 201
1 s t m o r t., 5 s , 1 9 0 4 . J & D JOG
2 d m o r t ., 5 s , 1 9 X 4 .J & J '107
B ’w a y 1 a t, 5 s, g u a r .19 2 4 '1 1 5
2d 5 8 .in t .a s r e n t ’L.19 0 5 10 4
C o n s o l. 5 s , 1 9 4 3 —. J & D 118*3
B r o o k ly n C i t y — S t o c k . .. . 1 7 7
C o n s o l. 5 s , 1 9 4 1 — . J & J
B k ly n .0 r o 8 8 t ’ n 5 8 .1 9 0 8 111
B k r n . Q ’ n s C o . & S u b .l s t 103
B k ly n . C .& N ’ w t ’ w n — S t k 160
5 110
5 8 ,1 9 3 9 ............
C e n t r a l C r o s s t o w n — S t k . 200
1 s t M .. 6s. 1 9 2 2 . . . M & N 5 1 1 5
G e n .P k . N. & E . R i v . — S tk . 10 4
C o n s o l. 7 s , 1 9 0 2 ...J & D 112
C o ln m b n s & 9 th A v e . 5 s . 11 5 * 3
O h rie t’ p ’ r & l O t h 8 t.-~ S tk , 152
1 s t m o r t .,1 8 9 8 . . . A & O 101
5 A n d a c c r u e d in t e r e s t .
Bid.
A sk .
D. D . E . B . & B a t ’ w— S t k .
1 s t , g o ld , 5 s , 1 9 3 4 .J & D
Ask.
103
ill 110
104
5 10 1
103
80
325
32*a E ig h t h A v e n u e — S t o c k ." !
S c r ip , Qa, a 9 1 4 . . . . ..........
4 2 d & G r . 3 t . P e r .— S t o c k 325
T i
42d S t . M a n , & S t .N , A v .
205
1 s t m o r t . 6s, 1 9 1 0 .M & S 5 1 1 6
108
112
2 d m o r t. in c o m e 8 s . J & J
L e x . A v e . & P a v . F e r r y 5s
118
if t .
101 111%
M e tr o p o lita n T r a c t i o n . .
108
170
N in t h A v e n u e — S t o c k . . . 18 0
120
S eco n d A v e n u e — S to c k ., 115
13 0
17 8
10 9
l e t m o rt.,5 a , 19 0 9 .M & N 108
10 5
D e b e n t u r e o s , 19 0 9 . J & J 102
105
175
S i x t h A v e n u e —S t o o k _
_ 10 5
10 5
15 8
T h ir d A v e n n e — S t o o k . . . 1 5 7
123*3
I s t m o r t . , 6 b , 1 8 3 7 . J & J 121
112
T w e n t y - T h ir d S t . - S t ’ k . 300
100 103
D eb. 5 s, 1 9 0 3 .....
118
10 3
U n io n R y — S t o o k . . .
10 5
5 1 0 4 * 3 -----114
1 s t 5s, 1 9 4 2 ............
W e a t c h e a t ’r , l e t ,g u .,5 a . 599*3 102
11«%
10 3
Glas Securities—Brokers’ Quotations,
G A S C O M P A N IE S .
G A S COM PANIES.
Bid.
B id ,
17 5
104*3 105*2 P e o p le s ’ ( J e r s e y C i t y ) . . ,
W illia m s t m r g 1 s t 08—— .
112 1 1 3
F u lt o n M u n ic ip a l 6a—
19 5
82
E q u it a b le - — . . .............— . . .
B o n d s . 6e, 1 8 9 9 ......... —.
104
S t . P a u l ..................................
180
B o n d s , 5 s ............— ...........
10 5
250 ; S ta n d a r d p r e f .................. . .
240
£T.
& East Riv. 1st 5s.. 10 7 10 8 ! C o m m o n ............................. .
...........
P r e f e r r e d ........ .. . . . . . . . . . . 92*3 93*2 W e s t e r n G a s . —
5 7 | B o n d s , 5 s .............. .
C o m m o n ...—. . —— . . . . 56
100 1 0 1 I
C o n s o l. 6 » , . . . . . . . - -
B ’ k ly n U n io n G a s — S to o k .
B o n d s .........................
C e n t r a l . ........ ...........
C o n s u m e r s ’ ( J e r s e y C it y ) .
B o n d s ............. — — - .........
J e r s e y C i t y & H o b o k e n ..
M e tro p o lita n — B o n d s . . . . .
M u t u a l (N . Y , . —
H K ,
10 5
212
ill
103
49
ili
95
05
94
213
10 5
52
76
115
96
II
gamhiug and flmtticial,
........
............
17,148
m >m o
....
...
8 I.7M
Spencer T ras k & C o . ,
........
20,070
26,239
107,525
for the w eek and since
i below. '
BANKERS
• It &
29
P IN K
S T H E K T ,
-
-
N E W
Y O R K .
65 Slate Street, A lbany.
I N V E S T M E N T
S E C U R I T I E S ,
G f t o a o s B a h c i .a y M o f f a t ,
1,861,300 68,7:17,048
1,728.403 69.189,945
9,053
158,142
15,506
853,273
. . . ----291.534
539,321
&,“>24 1,610,892
710,880 38,518,908 3,850,630 120,818,831
522,018 27,811,471 1,103,740 63,631,188
A i . k x a n d e k M. W h i t * . J b
M o f f a t
&
W
b a n k e r s
30
P I WK
S T R E E T
-
h
i t e
,
V 15 W
V O !» ft
,
! N V E S TM ENT S E C U R I T I E S .
THE
A p r il 24, 1S97.]
% \ it
B a u k je r s 7 ( la s e t le .
D I V I D E R
N am e o f C om pany.
R a i l r o a d s (S t e a m ).
Cin.Ham & Day. new pref. (quar.)
Great Northern pref. (quar ) .......
Lake E iie & Western pref.(quar.)
S tr e e t B a i l w a y s .
NewOrleans & Carrollton (quar.)
8t. d ia r ie s 8 t.. NewOrl. (quar.)..
B an k s.
Am erican E xchange N ational...
G e rm a n ia ............
...................
German Exchange (annual).......
Greenwich ....................................
Pacific (quar ) ........ .....................
T r u x t C o m p a n ie s .
Central (bi m onthly).......
—
Farm ers’ Loan & Trust (quar.)..
*«
“
“
(extra)
Hamilton. B rooklyn (quar.). .
K ings County. B rooklyn (quar.)
T H * c e lla iie o u » .
National Starch 1st p re f..............
Pennsylvania Coal (quar.)..........
Pullm an’s Palace Oar (quar ) ...
W ashington (D. C.) Gas (quar.)..
P er
C en t.
1
%
iq
i>9
OS.
W hen
P a y a b le .
May
May
May
B o o k s c lo s e d .
( B a y 8 i n c lu s iv e .)
8 Apr. 27 to M ay 7
1 Apr. 21 to M ay 2
15 May 1 to M ay 16
April 20 Apr. 13 to Apr. 19
April 14 Apr. 10 to Apr. 13
3q
O
10
3
2
May
May
May
M ay
May
1
1
1
1
1
Apr. 21
Apr. 21
Apr. 17
Apr. 20
Apr. 21
to
to
to
to
to
5
2
May
May
May
May
1
1
1
1
---------- t
----------t
Apr. 25
Apr. 25
o ------------o ------------to Apr. 30
to May 2
2
4
2
2 ig
May
May
May
May
1
1
15
1
Apr. 22
Apr. 22
May 2
Apr 16
to M ay 2
to May 2
to May 16
to Apr. 30
§ }
2
M ay
M av
Apr.
Apr.
Apr.
78T
CHRONICLE.
4
2
30
30
30
W ALL. ST R E E T . F R ID A Y . A P R IL 2 3 1 S 9 7 -5 P. M.
The Money Market and Financial Situation. — Foreign
•scar news bas taken precedence of all other influences in
W all Street during the week now closing. Ignorance as to
the possible effect upon other European nations of open hos
tilities between Turkey and Greece had a depressing effect
upon security values in this market on Monday. But Tues
day’s foreign markets reflected the general belief that the
war will be short and confined exclusively to the nations
now involved, and the Street readily accepted that view of
the case.
Following some activity which accompanied the decline of
security values on Monday the volume o f business has grad
ually become reduced to limited proportions, while values,
with a few exceptions, have been restored.
The foreign exchange market was naturally somewhat
disturbed and demand sterling closes a fraction higher than
our last quotations, with some talk about possible g ud ex
ports; but unless there should be new and unexpected de
velopments which would cause a heavy return movement
of our securities from abroad, there does not seem to be any
prospect Of an advance in exchange rates in the immediate
future.
It must be admitted that general business is lacking in
aotivily with little to hope for in the way of better condi
tions until the tariff matter is settled. Enterprise in every
department seems to be largely held in abeyance awaiting
that event.
The money market con tinues stagnant and without change.
The open market rates for call loans on the Stock Exchange
during the week on stock and bond collaterals have ranged
from 1% to 2 per oent. To-day’s rates on call were l\i to 1J4
per cent. Prime commercial paper is quoted at 3% to 4% per
oent.
The Bank of England weekly statement on Thursday
showed a decrease in bullion of £105,765 and the percent
age of reserve to liabilities was 50-93, against 50-75 last
week ; the discount rate remains unchanged at 2% per oent.
The Bank of France shows an increase o f 5,025,000 franos
In gold and a decrease of 175,000 francs in silver.
The New York City Clearing-House banks in their statement
of April 17 showed an increase in the reserve held of $1,532,500
and a surplus over the required reserve o f $46,968,900, against
$46,170,050 the previous week.
The following were the rates of domestic exchange on New
York at the under-mentioned cities to-day; Savannah, buying
1-16 disoount, selling par ; Charleston, buying par, selling %
premium ; New Orleans, bank, $1 50 premium ; commercial,
25c. premium: Cnicago, 40c. per $ ,000 premium; St. Louis,
75c. per $1,000 premium.
United States Bonds.—Sales of Government bonds at the
Board include $181,000 4s, coup., 1925, at 124 to 124%; $28,000 4s, reg., 1935, at 123 to 123%; $18,000-4s, coup., 1907, at
112 10 112%; $1,000 4s, reg.. 1907, at 111% to 111%; $15,000
5s. coup., at 114% to 114%; $4,000 5s, reg., at li3% , and
$2,000 currency 6s at 107%. Following are closing quotations:
In te rest A p r il
P er io d s
17.
1
A p r il
A p r il
i9 .
A p r il
A p r il
20. | 21.
22.
A p r il
23.
* 968. * 9683 * 96Rs - 968i * 96ia
2 s , ......................reg. Q.-Mob.
4s, 1 9 0 7 ............. reg. Q .-J a n . • m q 1118s *11116 l l l i e *111 *111
is , 19 07.......... coup. Q .-J a n . * 1 1 2 1 3 112 *11216 11238 *11214 11214
4s, 1925.............reg. Q .-F eb, * 1 2 3 1 4 123ia 123 *123 *123 *123
4s, 1925..........coup. Q .-F eb. 1248> 124
12418 124% *124
12438
5s, 1904............. reg. Q .- Feb. *11234 113% *114 *112% *112% *1123$,
5s, 1904.......... ooup. Q .-F eb . 11138 *114 *114 | 11438 *114
11419
J
6s, onr’oy,’9 8 ...r e g . • . t£ J. *104 *104
*104 *104ie *104 *104
6s, oa r’o y ,'9 9 ...r e g . j . * j . *107*6 *10, 83 10782 *107 *107 *107
is , (Cher.)1898.reg. Maroh. *10013 *100^ *100^ *1008 j *1008 j *1003a
4s, (Cher.)1899.reg. M arch. *100** * ic o % *1008 j *1008 j *100^ *10O3a
* This is the price old at cue inorm ug Hoard, no s a t e was made.
United States Snb-Treasury.—The following table shows
the daily receipts and payments at the Sub-Treasury:
B a la n c e s .
D a te .
R e c e ip ts .
P a y m e n ts .
C o in .
C o in O e rl's.
%
A p r .17
“ 19
“ 20
21
« 22
“ 23
$
2,509,539
2,450,888
4,084,724
2,640,787
3,000,219
2.245.454
$
3,552,364
2.736.128
4,201,089
2,144,161
4,024,091
2,217,247
$
131,034,226
131.0/8,123
131,126,678
131,136,700
131,135,821
131,100,560
Total
16,931,611
18.875,080
C u rren cy.
*
65,043,015
61,579,197
64,310,571
04,488.314
64,038,103
64,011,452
...................
1,885.490
2,020,170
2,123,s~6
2,432,737
1,859,955
1,950,074
Coins.—Following are the current quotations in gold for
coins:
Sovereigns........$4
87
N a p oleon s....... 3
86
X X Keichmarks. 4 79
25 Pesetas........ 4
77
Span. Doubloons. 15 55
M ex. Doubloons. 15 50
Fine gold b a r s ...
par
®$4 90 I Fine silver P ars... — 6 17a ®—62%
a
3 89 I F ive fra n cs.............— 93 a — 95»«
®
4 84 M exioan d olla rs.. — 48*4® — 49
®
4 81 |Peruvian s o ls ..... — 4 3 V ® — 45
* 1 5 75
English silver . . . 4 86 ® 4 90
9 1 5 75
U. 8. trade dollars — 0 5 9 — 75
® q prem . I
State and Railroad Bonds.—Sales o f State bonds at the
Board are limited to $5,000 Virginia fund, debt 2-3s of 1991 at
64 to 84%, $10,000 Tennessee settlement 3s at 79 and $1,000
Louisiana con. 4s at 95%.
The railway bond market has been dull and somewhat
irregular, tut taking the week as a whole generally strong.
On account o f ihe declaration o f open hostilities in Eastern
Europe, low-priced bonds followed the course o f the stock
market on Monday and declined on limited offerings. Highgrade bonds were not disturbed to any appreciable extent,
and m most cases the declines which were noted on Monday
have been recovered. Bonds o f the American Spirits Manu
facturing Co. declined in sympathy with the stock, as noted
below, selling to-day at a loss o f 6% per cent. Other
changes in quotations are generally unimportant and
without significance. The active list includes Atchison,
Central of New Jersey, Chesapeake & Ohio, Chicago &
Northern Pacific, North West., Fort Worth & Denver City,
Lake Shore, Milwaukee & St. Paul, Missouri Kansas &
Texas, Northern Pacific, Oregon Short Line & Utah North
ern, Rio Grande Western, St. Paul Minn. & Manitoba, San
Antonio & Aransas Pass, Southern Railway, Texas & Pacific,
Wabash, West Shore, Brooklyn Elevated, Union Elevated,
Columbus & Ninth Ave. and Lexington Ave. & Pavonia
Ferry bonds.
Railroad and Miscellaneous Stocks.—The market for
1897.
^ iffe r e n t fr 'm
D
1895.
1896.
railway stocks was weak on Monday for reasons noted above.
A p r i l 17. | P r e v . w e e k .
A p r i l 20.
A p r i l 18.
Although the foreign bourses were closed on that day stocks
with an international market were most conspicuous in
|
*
«
S
*
Capital.............. 59,772.700: ..............
61,122,700 62,622,700 the decline, led by Louisville & Nashville, which lost over 4
Surplus ............... 73.953,800!
..............
72,833,300 71.046.800
Loans A dlso’ nts. 503.988.200 In o .1 ,475.600 466,219.800 480,721,100 points. New York Central, Omaha and St. Paul lost over 3
C ircu la tio n ........
15,454,800 Dec. 134,400 14.351.900 13,217,000 points each, and Lake Shore, C. C. C. & St. Louis, North
Net deposits....... 568.859.200 I do .2,942,600 484,057,000 510.185.300 West., Burlington & Quincy, Rook Island and Southern pre
Bpeole................... 86,624,300 I n c . 755,900 58,629,400 66.637.800 ferred each declined 2 points or more. Wall Street took an
Legal tenders___ 102,557,400 I n c . 776,6oO 80,524,200 80,573,500
exaggerated view of the situation, however, as was evidenced
Reserve held___ _ 189,181.700 In c. 1,532,300 139,153,600 147.211.300 on Tuesday, when the European markets opened above Mon
Legal reserve___ 142,214,800 in o . 735,650 121,014,250 127,546,325
day’s closing prices in this market. There was a rapid re
Bnrplus reserve 46.966,900 Ino. 796,850 18.139,350 19,664,975 covery on Tuesday, since which the local market has been
firm but dull. The coal stocks have been exceptionally
Foreign Exchange.—The market for foreign exchange has strong, influenced to some extent by reports o f prospective
been dull and firm. Sight sterling bills advanced on Monday better conditions in the-coal trade, but chiefly by efforts of
as a result of the war news, since which the market has been the short interest to cover their contracts. Central of New
steady on a limited volume o f business.
Jersey has advanced 4% points and Delaware & Hudson 2%
To-day’s actual rates of exchange were as follows: Bankers, points within the. week.
Bixty days’ sterling, 4 80%@4 86% j demand, 4 88@4 oS% ;
The miscellaneous list has moved in sympathy with rail
oables, 4 88%«»4 88%.
road stocks, but with less pronounced results in most cases.
Posted rates of leading bankers follow :
United States Leather preferred has been weak on liberal
offerings, said to be of long stock, and shows a net loss of 2%
per cent. American Spirits declined on the failure to secure
A p r il 23.
S ix ty B a y s.
D em an d .
a quorum at the annual meeting, and therefore uncertainty
Prime bankers’ sterling bUls on L on d on .. 4 87 ® 4 87i2 4 8 8 k ® 4 89
as to when the annual statement will be given out. West
rrlm e com m ercial...............
4 86 < > 86*4
24
ern Union has been freely Suld and shows a net loss of 1%
Docum entary com m ercial.... .
4 8 5 ls'®4 85%
Paris hankers’ (fraucs)..............
per cent. American Sugar has fluctuated over a range of
5 163,
16*4 5 145lfl® l4 3 a
Amsterdam (guilders) bankers...
4 0 % ® 4 0 7 is
40316® 4 0 1
4
about 3 points and closes at 112%. American Tobacco has
F rankfort or Bremen (relclimarks) b’kers 9 5 6 i« a 95*8
9 5 V ® 9 5 l *je declined 3 points.
THE OffRONICLE.
7Si
L U L X I^
V
NE\r YORK STOCK EXCHANGE—A VTW E STOCKS for week ending APRIL 2 3 , and since JAN. 1, 1 8 9 7 .
HIGHEST AND LOWEST PRICES.
Saturday. ; MaKdmir.
I Apr. 19.
A p t.
9**
WH
i7
*
184
94
17
12%
13 ‘
20 M* 20
*48
40
47
76%
‘ 7%
84
16
.16% 16%
$103*3
*163 i m
71*4 7 l 7g 0 9 4
*40
50
HO
•95
90
§95
694
71% 72%
•132 132% §1314
101%
1 0 2 4 10 34
is
4S0ti
: 49
Tuesday, iWednesday, | Thursday,
1 A pr. 20. j A pr, 21. ] Apr. 22.
94
IS
9%
IS
13 , '1 3
20
2o
50
‘ 48 4
40%
404
7 7 4 , 77
7%
04
164
164
103*9 *161
70% 70%
*40
50
98
•95
70%
70%
13 14 .........
10 24 102%
61% 6 2 4
6 0 4 (51% 61%
574
55%
57% 58*9 55
145 *138 145 •138 '
*138
28%
28
2 8 4 20% 27
SO
-2%
3
3
•24
102% 103
•150% 152
102% 103
*150
3tbs 36%
12
36
11%
27
3(5
11%
27
30
123
94
64
25
15
64
165
48
444
S-S%
103
98
184
78
47
114
26%
154
21
*23
*119
914
0
*20
*12%
§64
163
*40
40%
83
101%
30
123
92
6
25
14%
64
16*
4«
41%
83%
101%
*163*2
§70
'4 5
10
24%
14%
418
18
76
47
10%
26
15
20
*23
*119
92
*5%
*20
*13!%
*62
•160
*41
43%
844
-100
495%
-17
*76
•45
-10%
26%
•15
*19
STOCKS.
A e tlv o R K , S to c k s .
10 A tch ison Topeka & Santa Fo.
19 4
P<»f£ £ , .........
H
1 3 4 13%
*20
iBrooklyn Rapid Transit!!
*48
49%
47
474
8 0 4 e i% Central o f New J ersey...
8 Central P a cin o..
*7 4
....
167g 10% Chesapeake a O hio........
*164 170 Chicago A A lt o n ......................
71% 72% Chicago Burlington A Quincy
*40
50 Chicago A Eastern I llin o is ...
'9 5
98
71% 7 2 4 Chloago M ilwaukee A St.lPaui
131 131
_ , Do
p ref
1 0 3 3 g l0 3 ^ Chloago A N orthw estern___
_ , Do
prei.
0 2 4 62% Chloago R ook Island APaolflo
02%
G2
024
6 2 4 62%
bV%
57% 57%
57
5 7 4 5 7 % Chicago St. Paul Minn. A Oin
57
146 §139 139 T 08 145 ‘ 138 145
p ref.
28
23% 28%
2 8 4 OleveM'-ineln. Ohio. A St. L ...
284 284
284
10% 1 0 4
10 | 10H 10%
19
19%
18%
18% 19%
1*
H
%
14
'1*3
14
13
134
20H 2 0 4
*20
2U
21
50
50
*48% 49% *49
4 7 % 47%
4 -4
4 7 4 47%
78
7 8 4 H()% 79% 8 2 4
74
•74
34
74
74
16% 16%
16%
10% 10%
167 •162 108 '102 170
7 1 4 72
71%
71% 7 2 4
*40
•40
50
50
50
98
*95
*95
98
98
71%
71% 71%
714
§131 1 3 1 4 § 1 3 1 4 1 3 2
103% 1 0 3 4 10-14 1 0 3 4 104
S
102% 1 0 3 4
150 1 5 0 4
9%
9%
30% 36%
*11% 1 2 4
*27
28%
*16
18
*23
30
*118 121
§91
93%
04
*5 %
*20
25
*1 3 4 1 4 4
61
64
1637« 104
*40
48
41% 43%
8 4 4 85%
101% 101%
*16
-7 5 1.
•45
104
26
15%
* lo
Friday,
A.pr>
3
18
78
47
104
264
15%
20
•
37
37 *
37 *
97% 98%
99
96% 9 8 4
994
12
13
•n
1 1 4 1 1 4 *11
*67^ 72
'6 5
72
29
*25
294
*27
2 9 4 ‘ 26
*170 173 *170 173 §170 171%
12% 13
13
§134 1 3 4
134
7%
7%
7%
7%
7%
•7%
20% 2 0 4
20
20
204 204
*QIq
9
9
*23% 2430
11
n % *11% n %
11% 11%
33% 34%
34
35
34% 34%
20
510
*10
*10
20
10
*40
43
43
40
-40
HO
*11% 1 2 4 *11% 1 3 4 • ii% 13
*4-1 ' 50
*46
60
§46% 40%
16% 17%
18 4
17% 18%
184
40
404
384 394
394 404
23%
23
23
224
234
23%
34
103% 1 0 5 4
1504151
“ OH 10 h
374 374
-1 2
12H
*2 7 4 2 9 4
*1613 18 H
*23
30
‘ 118 122
§9 3 4 9 3 4
■5%
0%
'2 0
25
*1313 15
§ 6 5 4 65H
*184 165
§45
45
43% 44
8 4 4 84%
102 102
*104
*75
*45
10%
27
15%
‘ 10
*
98ia
n%
*27
*170
13%
*7%
204
*9%
24
u%
34%
*10
*40
*11%
*47
18%
40
24
18
77%
46%
10%
27
15%
20
24
2%
105 10(5%
1504 1514
*9*6 10
‘ 3 7 4 38
*12
12%
*284 29%
‘ 1 6 4 18
*28
30
*118 122
*92
93
*5%
6%
‘ 20
2.7
1 4 4 15
05
65
§163 163
48
*41
43
43%
8 4 4 84%
*101 102
*16%
*75
*45
10%
26%
15%
*184
18
78
47
10%
27
15%
20
10
19
-2%
id s
$151
‘ 37%
*12
*2 8 4
*16
*23
*118
*92
-5%
*20
10%
65%
163
*42
42%
85
101%
*164
*75
*45
10%
27
15%
*184
37
37 *
99%
98% 9 9 % 98%
*11
11% *11% 12
29 H
173
134
7%
21
11
24
12
34%
20
43
13
50
19%
414
25
*27
*170
13%
*74
*21
*9%
*23H
12
344
*10
41%
*11%
*47
*18%
4034
244
28%
173
134
7%
21%
11
25
12
34%
20
414
13
5(1
19%
414
24%
27
*170
13%
74
*21
*9%
*23
512
344
*10
HO
*11%
*17
184
§414
244
3
Columbus H ooking VaL £.To:
_ , Do
pref.
D elaw are A H udson___
DelawareLaokawanna&W eat
D enver A Rio G r a n d e .. . . . . . .
37%
Do
p ref
124
Do
29%
1st pref.
Do
184
2d p ref.
30
122
93
64
Do
25
p ref.
15%
65%
Do
pref.
163
Lake Shore A M ioh.Southem !
47 Long Island........................
4 3 4 Louisville A Nashville___ '.
85
102 M etropolitan Traction.
106
151
18
Do
78
1 s t p ref.
Do
47
2d pref.
louril
10%
Do
27%
pref.
15%
20 M obile A O hio_______
Nashv.€hattanooga&St.LouiB
37
994
13
Do
1st pref.
27
Do
2d pref
173
New Y ork N ew H a v en A Hart.
13% New Y orkO ntario A Western.
7 4 New Y ork Susq. A West., new.
22
Do
pref.
10 H N orfolk A W estern .................
24
Do „
pref
12
Do
34%
pref.
20
D o p ref., vot. trustietfs!
43
13
Do
50
pref.
19
41% 1st pref., votin g tr. certifs
24% 2d pref., votin g tr. certlfs.
Sales of
R ange fo r year 1897.
the
I On basis o f too-sharc lots. ]
Week,
Shares.
Lowest.
Highest.
8,650
19,880
3
650
210
0 4 A pr. 19 12% Mar. 3
17 A pr, 19 25% Jan. SO
4 A pr. 7
4 Jau. 14
12% A pr. 7 18 Jan. 8
18% Jan. 7 21% Fob. 11
4 0 4 Mar. 29 5 « Jan. 8
1,030 44% Jan. 13 51% Mar. 17
42,381 7 6 4 A pr. 5 1 0 3 4 Jau. 19
610
7 4 Apr. 20 15 Jan. 5
0,054 15% Mar. 29 1 8 4 M ar. 15
10 §162 Feb. 15 §170 Mar. 1
7 9 ,8 8 9
69 % Jau . 5 7 8 4 Mar. 18
45 Mar. 13 45 Mar. 13
50 §05 Jan. 8 § 9 8 4 Fob. 3
112,744 6 9 4 Apr. 19 7 8 4 Mar. 15
250 131 Jan, 6 1 3 8 4 Mar. 18
7,852 101% Apr. 19 110% Mar. 17
153 Jan. 12 155 Feb. 20
14,127 6 0 4 Apr. 19 70 Jau. 10
23,312 47 Jau. 2 01% Mar. 17
25 133 4 Jan. 18 143 Mar. 29
3,934 20% Feb. 16 33% Mar. 17
2 73 Jan. 4 77 Mar. 25
1,740
2 4 A pr. 22 18 Jan. 8
40 Jan. 21 46 Jan. 21
15,749 99% Apr. 1 121% Jon. 6
1,628 149% A pr. 6 157% Jan. 18
100
9 4 Apr. 20 1 2 4 Jan. 19
895 36 Apr. 20 43% Fob. 1
455 1 1 4 Anr. 19 1 5 4 Jan. 18
150 27 Apr. 19 3 5 4 Jan. 18
18 Mar. 20 21 Jan. 15
§ 2 4 4 Feb. 13 § 2 1 4 Feb. 13
120 Jan. 16 122 Feb. 5
743 9 1 4 A p r. 19 96% Mar. 16
100
0 A pr. 15
8 Jan. 16
2 1 4 Mar. 18 2 7 4 Jan. 20
450 1 3 4 Apr. 12 1 8 4 Jan. 18
360 5 8 4 A pr.
7 0 4 Jan. 20
1,307 152 J an. 2 172 Mar. 1
10 41 Apr.
55 Jan. 8
55,847 4 0 4 A p r. 19 5 2 4 Jan. 19
12,521 33 Mar. 9 93 Mar. 2
1 , 3 4 2 101% A p r. 19 1 1 0 4 Jan.
5
30 90 J an. 28 100 Mar. 15
17 Mar. 26 19% Jan. 29
10 77% Mar. 18 7 9 4 Jan. 18
46 Feb. 20 48% Mar. 18
1,200 10 A pr. 19 1 4 4 Jan. 18
3,745 24% A p r. 19 3 2 4 Mar. 18
2,700 1 4 4 Mar. 29 2 4 4 Jan. 18
20 Mar. 26 2 2 4 Jan, 12
§ 70 Jan. 25 §70 Jan. 25
§44 Mar. 18 §44 Alar. 18
27,831 9 2 4 Feb. 18 103 Mar. 22
220 U
Fob. 11 1 4 4 Mar. 15
67% Apr. 15 75 Alar. 17
24 Feb. 10 34% Afar. 17
6178 Jan. 4
19 160 Feb.
1,930 12% A pr. 19 15% Jan. 18
9% Jan. 18
7 A pr. 1
600
000 20 A pr, 13 2 0 4 Jan. 18
362
9 A pr. 19 1 4 4 Alar. 11
110 24 A p r. 21 2 8 4 Mar. 4
2,330 11 A p r. 19 16% Feb. 1
12,793 3 2 4 Jan. 5 3 8 4 Feb, 24
20 § 10 A pr. 20 § 1 7 4 Jan. 18
279 37% 3 an. 8 4 5 4 Feb. 3
1 1 4 Mar. 29 14 Jan, 21
15 49% Mar. 26 50 Feb. 1
47,850 116-% A pr. 19 19% Apr. 21
10,233 1 3 8 4 Apr. 19 4 2 4 Apr. 8
8,079 1 2 2 4 A pr. 19 25% Apr. 9
2 0 §116 Mar. 8 §119 Jan. 18
*118 1 1 8 4 Rome W atertown A Ogdensb.
63
*56
5% Feb
4
300
§4%
4 A p r. 19
4%
Do
752 37 Jan. 29 40% Mar. 4
37% 37%
1st pref.
Do
16 Feb. 3
1,100 12 Apr. 15
2d pref.
124 124
4% Jan. 18
*2%
1 Apr. '
300
am....... .
34
Do
11% Jau. 18
3 4 Apr.
1,105
pref.
§64
0%
>aul<S
20 Jan. 4 22% Jan. 13
*18
23
*
•
R7
Do
100 75 A pr. 20 §87 Feb. 3
wet
( M anltobt
114 Jan. 28 118 Mar. 3
*11 34 117
1,390 1 3 4 Jan. 13 15% Jan. 18
14% 15
7 Apr. 19 10 Jan. 16
4,099
7%
8
25% 25% Do pref., v otin g trust, oert. 23,601 22% A pr 19 29% Jan. 19
8 Apr. 1 1 0 4 Jan. 18
1,186
§8
8
4 4 Apr. 19 10 Jan. 5
6,035
5%
5 7s
2 4 J an, 6
1% Apr. 22
900
1%
1%
7% Jan, 16
4% Mar. 29
400
*44
54
Do
1,065 1 1 4 A pr. 19 17% Jan. 18
§124 124
p rel
6 4 Jan. 2
% A pr. 23
clin g
1,055
1
%
Do
2% A pr. 15 29 Jan. 5
430
pre't
§3%
34
1% Mar. 31
2% Jan. 6
h
1%
M is c e lla n e o u s S to c k s .
11 I *10% 11
*10% 11 ................. 11 | ‘ 104 10%
1 0 4 Apr. 8 14% Jan. 1G
1 0 % American C otton Oil C o___ _
5 2 4 Feb. 16 58 Alar. 9
*50 m 5 7 4 '5 0
57% '5 5
57% *55 4 5 7 4 *554 574
Do
pref.
57 4
9
'1 1 % 11%
10% 11
11% 11%
9 4 A pr. 23 1 4 4 Jim
11
114 10
11 %
1 0 4 A m erican Spirits M fg. C o___ 14,000
* 1 4 31%. 2 0 4 30
30% 31
Do
pref.
9,573 26 Jan. 5 34% Alar. 15
30% 3 0 4
28%
284 304
1 1 1 % U l ’ al 1 1 0 4 1 1 1 % 1 1 1 4 1 1 2 4 112 113%' 1 1 2 4 1 1 2 %
A m erican Sugar Refining Oo. 98,586 109% Mar. 29 118% Alar. 3
1 0 2 4 103 §1024 103
102% 1 0 3 4 §102% 103% .§1024 1 0 2 4
861 1 0 0 4 Jan. 7 105% Mar. 15
Do
pref.
70% 72
7o% 71% 60 4 71
A m erloan T obaeoo O o .......... 37,507 6 7 4 Feb. 15 70% .Tan. 14
6 9 4 70%
*101 109 §105 105 §105% 105% § 1 0 5 4 106
177 100 Feb. 11 108 Mar. 12
Do
pref.
7% Apr. 17 13% Jan. 6
2,920
7% 9 1 9 4
«%! §8% 8 4
Bay State Gas
84
94
- o '„ 814; 70% 80%; 80% 82% 8-14 8 2 4
75,780 7 3 4 Jan. 5 84% A pr, 13
Chicago Gas Oo., certs, o f dep.
1 0 0 4 1 8 0 4 159 159 i 1 6 0 4 101
3,716 1 3 6 4 Jan. 2 163 Apr. 21
101.4 163
Consolidated Gas C om pan y..
80% 31
30
30%
7,175 30 Apr. 19 3 6 4 F ob. 2
314 314
General E lectric C o............
30% 3 1 4
•224 2 3 4 '2 2 % 23 4 ! *224 23
950 21% Fob. 16 20% Jan. 19
National Lead C o . . . . . . . . . .
22 4 22%
90% 92 ! *00% 9 1 4 j 914 92
1,444 88% Fell. 13 92 Feb, 23
92
92.
Do
pref.
3% 3%
4
•3 %
5 Jan. 18
3% Apr. 20
3%
3%
*3%
4
North A m erican C o.................
1,395
20% 2 6 V 2 5 4 26%i 2«% 2 0 4 28
3.450 24 Jan. 9 27% Mar. 18
Pact tic M all...........................
26%
*»S4
* 8 8 4 .. ... *884
Pine Line O ertltloates...........
*86 4
86
159 159 | 157 157 ! 1 5 7 4 159 §1 5 3 4 1 5 9 4
379 152 Jan. 2 163 Afar. 3
§ 1 5 8 4 1 5 8 4 Pixilm an Palace Oar Compauy
*62
. . . . . . 02
02
024!
-61% 6 2 4
‘ 62
6 2 4 Silver Bullion Certificates___ 30,000 62 Afar. 29 6 5 4 Jan. 27
6%|
6%
64
565
6% Mar. 29 1 1 % .Ian. 19
8%
«4|
6%
‘ 64
7
§6%
“
6% Standard R op e & T w in e.........
20
2 1 4 224t! 1 9 4 21
21% 21
21 %
2 0 4 21% Tennessee Coal Iron & R R ... 12,280 1 9 4 Apr. 19 31 Jan, 18
7
9% Jan. 19
6%: 64 6 %
•6%
64
1,400
6 4 Apr. 19
64
0%
7 United States Leather Co.......
*0 4
5*
5 4 4! 5 2 4 53%; 5 1 4 5 3 4
Do
pref. 03,510 50 A pr. 22 64 Jan. 19
504 524
5 1 4 52%
15% 14 4 14 4 ' '1 4 4 1 5 4 '1 4 4 16%
•14.4
613 13 Mar. 29 2 5 4 Jan, 19
14
1 4 4 United States R nbber Oo.......
•844 6 0 4 § 6 4 4 64%: §65 4 6 5 4 * 6 3 4 6 5 4
288 61 Mar. 29 76% Jan. 5
no
pref.
654 654
....v BO 4 79% 8 0 4 ! 8 0 4 8 0 % 80 4 80%
32.687 78% Apr. 22 8 6 4 Afar. 19
70% W estern U nion T elegraph—
79
* These are bid and asked; no sale made. § Less than 100 shares, t Range dates from listing on E xchange, A p ril 8.
* 1 1 7 4 1 1 8 4 §116
*56
00
‘ 50
4
*4%
44
37%
38
38
12
1 2 4 12%
-2 4
3
2%
*5%
5%
04
23
•18
•18
S7
*70
*114 117 ‘ 114
14
14
14
7
74
74
24% 2 5 4
22%
*8
8
84
5
64
44
*14
■14
1%
5
*4%
•44
11% 12
114
*%
-%
2%
2%
2%
*1
1%! *1
116 *117
00
'5 6
4
H
3 7 % 37%
12% 1 2 4
*2 %
2%
04
6%
23
*18
75
77
117 *114
14%
14
74
74
24
24
S
84
5
4%
1%
•14
5
5
12
11%
§%
%
'2 %
2%
*1
1%
;
1184
60
44
37%
124
3
6%
23
75
117
14%
7%
26
84
5
1%
5%
12
%
3
1%
*117 118% 1 1 8 4
*56
*56
63
*4%
4%
*4%
37% 37%
374
12%
12*3 12%
*2%
3
3
*5%
23
*18
'1 8
*75
S7 *
*1 1 3 4 117 *1134
144
1 4 4 14%
7%
7%
7%
25% 20
254
8
*8
8%
§5
5
54
'1 4
1%
1%
*54
5
5
1 2 4 12% §12
-%
§1
%
"2%
*24
34
*1
1184
63
• 4%
374
12%
34
7
23
87
117
14%
7%
25%
84
5%
14
5%
124
1
34
1%
THE
A p b i l 24, 1897.]
CHRONICLE,
789
YORK STOCK EXCHANGE PRICES (C o u tia a e l)-r.V A a rrrfi7 STOCKS.
A p r il
Bid.
I nactive s to c k s .
1 Indicates unlisted.
R a ilr o a d S to ck s.
Alb an v ds Susquehanna.........—100
Ann A rbor.................................... 100
Preferred..............
JS2
Boston ds N. Y. A ir Line p r e f ..l0 0
Buttalo Roohester & P ittsbu rg. 100
P referred....................................100
Burl Cedar R apids < Nor......... 100
fe
Jtttcago Great W estern...................
^tev. Lorain ds Wheel. p re f..--.1 0 0
Cleve and & P ittsbu rg............... 50
Des dom es ds F oi D od g e.........100
P referred ..—............................. 100
Duluth So. Shore & A tla n tio U.100
P referred 11........................ . .... 1 0 0
E *aasville A Terre H. p r e f....... 50
Flint ds P ere M arquette..............100
P referred ........................ - ........100
Greea Bay & W estern...............100
Deb. certfs. A ..............—........1000
Deb. certfs. B ......................... 1000
Kanawha A M icnigau— ----------1O0
Keokuk ds Des M oines------ ....1 0 0
P r e f e r r e d ....... ...... . . . . . . . . 100
Keokuk ds W estern — . . . . . . . . . . 1 0 0
Lou. New A. A O h io .......... ...1 0 0
Preferred.................................. .100
M exican C e n tr a l............. ... . . . 1 0 0
M exican National tr. o t fs .........100
Morris fr E s s e x . . . . . . . . . . . . . . . . . 50
N. Y. ds H arlem ........................... 50
N. Y.
ds W estern.............. 100
o r . Sh.Line ds U.N.when issu e d .100
►voria Decatur A E v a n sville.. 100
Peoria A Eastern................... *^.100
Pitts. Ft, W. A Cliic. guar.........100
Reuseelaer A S a ra to g a ..— . —.xUO
Rio Graa ie Western p r e f ...... 100
Poledo & Ohio Central................100
Preferred.......
,.1 0 0
* No price Friday
23.
R a n g e ( s a l e s ) t n 1897.
Ask.
L o w e st.
170 Feb.
10 %
8 ^8 Apr,
8
22% Apr.
123 %
102 105 102 Mar.
20% Jan.
16% 2 0
55 Feb.
56
68 Apr.
£70
4 Mar.
40 Feb.
50
40
160 170 166 Feb.
6 78
9
7 Apr.
75
56
3 4 ’ Feb.
3ia
2%
8
Jan.
9
5%
37 Apr.
137
10 Mar.
30 Mar.
25
35
4 Apr.
2
6
Feb.
4
2 Feb.
2
Mar.
12
32 Feb.
% Jan.
1% Jan.
8
Jan.
1% Mar.
£1 %
162 166 1631s Feb.
295 Feb.
310
119 Jan.
120
1078 Mar.
% Mar.
""%
3ia Feb.
15
162 Apr.
1163^
175 185 180 Jan.
30
38ia 40 Feb.
25
15
75
50
175
latest price this week.
35a'Feb.
8
Jan.
40% Jan.
11% Mar.
37 Jan.
5
Jan.
Feb.
3 Jan.
28% Jan.
32 Feb.
% Jan.
1% Jan.
8 % Jan.
l *8 Jan.
167 Jan.
300 Mar.
122 Mar.
12% Mar.
2% Jan.
5 Apr.
169% Mar.
185 Jan.
40% Feb.
6
Bid.
R o .n g e ( s a l e s ) i n 1897.
23.
A p r il
I nactive Stocks.
f Indicates unlisted.
H ig h e s t.
1771* Apr.
10% Jan.
27 Jan.
105 Jan.
20% Jan.
55 Feb.
72 Feb.
5 Jan.
40% Mar.
168% Jan.
8 % Feb.
(% Indicates actual sales.j
Ask.
L o w e s t.
m is c e lla n e o u s S to c k s .
Adams E x p ress............................ICO 1150% 150% 147% Feb.
American Bank N ote Co IF...........
42% 44%
American Coal................... , . . . . . 2 5 £113
113 " A p r .
A m erican E xpress............— — 100 £112
109% Jan.
Amer. Telegraph & Cable.........100
87
85% Jan.
88
Brooklyn Union Gas...................100 £105
105% 85 Jan.
Brunswick C om pany..................100
%
30
®8 Jan.
Chio. Juno. R y. & 8 tock Y a rd s.100
103 Feb.
Colorado Coal & Iron D e v e l... 100
% Jan.
38
Colorado Fuel & I r o n ................ 100 : i 6 •
17 Mar.
P referred ...................................100
75 Feb.
Col. A H ook. Coal tr.rets.all pd. 100
3%
3% Mar.
Commercial C able....................... 100 150
Consol. Coal o f Mary la n d ......1 0 0
35
35 “ Feb.
40
Detroit Gas....... ..........................100
20 Jan.
Edison Elec. 111. o f N. Y ._ ........ 100 106 107 101% Jan.
Edison E lec. 111. o f B r o ok ly n .. 100 101 103
97 Feb.
Erie Telegraph A T elephone ..1 0 0
64
63% Apr.
Illinois S teel.................................100 £32% 33% 29% Apr.
Interior Conduit A In s..............100
Jefl. A Clearf. C. A I. p r e f.........100
35
Laclede G as.............
100 21
22% Jan.
23
P referred...................................100 £78
70% Mar.
Maryland Coal, p re f....................100
40
60
Michigan-Peninsular Car C o .. .100
12 Jan.
P r e fe r r e d .....................
100
50 Jan.
Minnesota I r o n ............................ 100
40
38 Apr.
National Linseed Oil C o............. 100
1 2 % 12 Mar.
10
4 Mar.
National Starch M fg. C o............100
6
New C entral C oal.........................100
4%
6
5 Jan.
8 % Apr.
Ontario Silver M ining................ 100
8 % 10
340 Mar.
Pennsylvania C o a l.................... 50 325
1 % Apr.
2%
Quicksilver M im n g..................... 100
138
10
8
Apr.
P referred....................................100
Standard Gaa, pref.IT ................ 100 i i Y 117 102 Jan
65 Apr.
Tennessee Coal A Iron, p r e f ... 100
6 Apr.
Texas Psoiflo Land T ru st.........100
37 Feb.
U. S. E x press...............................100 £40
103
97 Jan
W ells. F ar vo E xpress . . . .
..TOO 1 0 1
H ig h e s t .
155
Jan.
125
113
91%
106%
Jan.
Mar.
Jan.
Apr.
°8 Jan.
105% Apr.
1
Jan.
27 Jan.
75 Feb.
4% Mar.
37%
25
107
103
67
42
Jan.
Jan.
Mar.
Mar.
Jan.
Jan.
25
78
Jan.
Mar.
I----12
Jan.
552 Feb.
52 Feb.
15 Jan.
5 Jan.
5 Jan.
10% Jan.
340 Mar,
1% Jan.
11% Jan.
108 Feb.Q
70 Jan.Jj
6
Apr
40 Jan.
lo s
Apr.
I A ctual sales.
NEW YORK STOCK EXCHANGE PRICES.—STATE BONDS APBIL 2 3 .
SECURITIES.
Bid. ‘ Ask. *1
A labam a—Class A , 4 to 5 — 1906 106
Class B, 5s.............................. 1906 1 0 1
Class C, 4s.............................. 1906 1 0 0
......
B ank a
( 0 0 s omitted.)
L oans.
S p e c ie .
L e g a t e . D e p o s its .
Bank of New York. |$2,000,0 $1,894,3 $12,250,0 $2,110,0 $2,570.0 $ 12,220,0
Manhattan Co----2,050,0 2,103,1 13,902,0 2,633,0 3.850.0 17.302.0
Merchants’ ............
1.249.1 13.900.1
2.000.
0 1,016,5 11,484,3 2,638,3
Mechanics’ ...........
2.000.
0 2,059,2'9,259,01,164,0 2.005.0 9.042.0
3,855,5 22,137,9
Am erica................
1,500,0 2,479,3; 18.379.4 2,000,9
---------359,1] 3.940.0
291.0
706.0 3.024.0
Phenix..................
1,000,0
0,314,3 30.474.7
1 , 0 0 0 , 0 ; 3.608.7 22.096.0 7,013,3
City........ ...............
383.4 2,261,8
Tradesmen’s.........
217.6
96,61 2.407.6
750,01
Chemical...............
300.0 7.339,0 24.423.4 4.340.6 3,332,9 24,416,6
855,8
Merchants’ Exch’ge
650.1
5.275.5
169,8 4.525.0
600.0
828,2 1.311.3 5.298.8
Gallatin.................. - 1,000,0 1.689.7
6.042.7
128.4 I ,
181.7
300.0
Batchers’ A Drov’rs
161.6
1.201.0
235.0
280,0 2.040.0
400.0
Me hanlcs’ A Trad’f
1.950.0
224.8
172.5
100.5
804,0
105.5
200.0
Greeuwich..............
933.0
Leather Manufac’rs.
338.7
600,0
551.6 2.924.3
472.5 3.134.5
250.3
343.1 2.041.6
1,0 0 0 ,0
94,0
300,0
Seventh.. .............. .
029.7 2.421.0
160.1
State of New York 1, 200,0
525,3 3.079.5
American Exchange 5,000,0 2.587.8 24.347.0 2.031.0 3.018.0 20 , 011,0
2.085.3 17,123,5
23.191.4 2.717.2
0 3,657,5
Commerce................ 5.000.
023.4 5.128.0
709.1
5.790.3
0 1,577,1
Broadway................. 1.000.
1.955.0 8.872.3
1 , 000 ,0
671.1
982.0 8.297.8
432.1
452.6 2.952.9
490.4 2.499.2
422,7
Paciilc......................
Republic.................. 1.500.0
848.6 11.897.2 2.300.8 2.037.0 13.854.8
588.8
1.178.3 0,289,4
975.4 0,114,5
450.0
Chatham ............—
520.7 2.522.3
107.6
200.0
Peoples’....................
1.773.0
238.4
942.5 7.157.0
582.1
North America........
0,525,8 1. 112.2
700.0
Hanover.................. 1,000,0 2.044.8 10.723.2 5.451.3 4.353.8 23.780.9
290.5
453.0 2.890.0
347.0 2.938.0
500.0
Irving.......................
309.0 2.900.0
511.3
2.553.4
394.1
600.0
Citizens’ ...................
3.079.1
191.4
590.1
282.4 2.477.9
500.0
Nassau......................
043.4
0,096,0
1.189.0
963.0 5.798.0
Market A F alton...
900.0
3.598.4
431.2
543.1
115.4 3.433.3
Shoe A Leather...... 1 , 000 ,0
Corn Exchange....... 1 , 000 ,0 1.243.0 8.704.0 1.371.0 1.176.0 9.827.0
648.0
1.273.7 5.909.6
200.1
4.939.5
1,000,0
Continental............
351.5
1.700.0
140.6
394.2
1.740.4
Oriental..................
300.0
Importers’A Trad’rs 1.500.0 5,555.5 24.848.0 3.191.0 3.010.0 25,890,0
Park.......................... 2 , 000,0 3.202.0 25.060.3 8.404.7 4.085.9 34.002.3
1.250.2
248.8
158.6
1,225,3
138,8
250.0
£a*t River.
7 .020.0 25.023.3
Fourth......
3.200.0 2.040.8 20.125.0 2.967.9
7.619.0 1.319.0 1.832.0 9.474.0
500.3
Central..................... 1 , 000,0
997.0 5.791.0
851.0
Second
300.0
670.7 4.745.0
378.1
899.5 4.227.8
290.1
Ninth..
3.583.7
750.0
First...
500.0 7,028,7 23.405.1 3.675.3 2.497.8 22.914,7
244.8 8.850.7 1.545.0 2.145.9 II,
Third..
1, 000,0
1.325.2
135.9
248.1
75,0 1.309.0
300.0
N. Y.NaVl Exch’ge.
445.0
342.0 3.083.0
598.8 2.940.0
250.0
B ow ery....................
2,088,2
315.3 3.360.0
631.1
420.3
New York County..
200.0
244.2
2.502.5
399.3
280.4 2.647.5
German American..
750.0
0,691,6 23.494,6
Chase......................
500.0 1.481.1 14.507.4 4.314.3
8.530.4
Fifth Avenne...........
7.303.9 1.204.8 1 127,1
100.0 1,108,3
034.2 3.020.4
224.3
2.342.5
German Exohange..
550.2
200,0
4.120.4
548.8
551.1
Germania.................
200.0
088,6 3.014.0
0,045,0
979.3
855.9
5.931.8
699.2
United States.........
500.0
7.415.5
911.5
1,978.7
L incoln....................
5.624.1
009.5
300.0
885.7
751.4 4.940.7
Garfield....................
725.3 3.900.5
200.0
219.5
497.0 1.987.7
Fifth .......................
1.584.0
300.6
2 0 0 ,0
839.6
703.0 5.988.2
Bankof the Metrop.
820.0 4.740.0
300.0
409.0 2.504.0
218,0
W est Side..
2.382.0
320.1
200.0
808,0 2.470.0 8.242.0
Seaboard...
5.682.0,
285.1
500.0
1.475.0
190.0
243.0
Sixth.........
339.1
1.687.0
2 0 0 .0
W estern..._ _ .......... 2 .100.0
854.0 4.377.1 14.558.9
451.0 12.595.6
5.910.0
882.8
First Nat. Brklyn...
954.5
300.0
930.3 5.351.0
Nat. Union Bank ... 1 , 200,0
074.0 10.014.6 1.633.3 2,007.4 11.832.8
202.4
017.9 2.727.6
Liberty Nat. Bank..
248.0 2.505.1
500.0
3.374.2
560.9
250.2
N. Y.Frod-Exch’ge 1 , 000,0
3.930.5
353.9
Total.................. 169.772.7 73.953 3*503.988.2 80 024.3
1 0 2 .5 5 7 .4
568.859,2
79
64
4
80
....... .
1
6
New York City, Boston and P hiladelphia Banks:
I
laI
Ba n k s . ! S u r p lu s .
\C a p it a l S u r p l ’ s
Bid. ’ Ask.
Tennessee—6 s, o ld ........ 1892-1898
6 s, new bon ds.......... 1892-8-1900
_
Do
New series_ 1914
Com prom ise, 3-4-5-6s...........1912
. New settlem ent 3 s ................ 1913
11 Redem ption 4 s ....................... 1907
Do
4 % s....................... 1913
Penitentiary 4% s................... 1913
Virginia funded d ebt, 2-3s— 1991
iI 6 s, deferred t’st re^ts, stam ped.
Consolidated 4 s..................... 1910 102
6 s ...............................................1919 1 2 2 %
loath Carolina— i% s, 20-40.. 1933 105
6 s, non -fu nd..... ...................... 1 8 8 8 1
New York City Bank Statement for the week ending
April 17, 1897. We omit two ciphers (00) in all cases.
SECURITIES.
Ask.
Funding a c t........................... 1900
New bonds, J A J .........1892-1898
Chatham R R ..............................
7s. Arkansas Central HR.
95%
Bid.
.1894-1895
100
New consols
SECURITIES.
Loans.
Specie.
Leoals.
D e p o s i t s O l r c ’l’ n Clearings
N. Y.*
, 9
Ma-. 27.. 133.720.5 504,478.2 85.990,91
105,829,6 571,723, 15.826.8 500,924,8
Apr. 3.. 133.720.5 502,732.7 85,988,3 103,984,9 569,220, 15.701.8 508,838.1
“ 10.. 133.720.5 502.512.0 85.808.41
101,780,8 505,910, 15,589,2 501.073,3
“ 17.. 1133.720.5 503,988,2 80,624,3 102,557,4 508,859, 15.454.8 507,010,6
Bos.*
Anr. 3.. 63,393,8'178.413,0 10,123.0 6,864,0 102,392
9.301.0 99.258.9
1 0 .. 03,393,8 177,114.0 10,022.0
9.393.0 96.766.9
7,250,0 105,430,
17.. 03,393,8! 176,410,0! 10,146,0 7,541,0 167,075,
1
9.379.0 93.938.9
i’ h lla . *
Apr. 3..! 35.388.0 108,207,0!
38.135.0
117,153,
0,980,0 64.109.5
6.938.0 57.589.9
10.. 35.388.0 108.038.0
!
38.398.0
118,210,
17..! 35.388.0 108,620,01
38.249.0
119,345,
0,882,0 52.444.6
*211,4 it tw o ciphers in all thrse Jtpures.
W e om
+ Including for Boston and Philadelphia the item “ due to other banks” .
Miscellaneous and Unlisted B onds:
M iscella n eou s B onds.
M isce lla n e o u s B onds.
Ch. Jun. A S . Yds.—Col.t.g.,6 s 107 %\ Jeff. A Clear. C. & 1. 1st g. 5s 1 0 0 b.
2d g. 5s ..............................
Colorado C. A 1 .1st cons. 6 s,g. 92 b.
77 b.
Colorado Fuel A I.—Gen. 5s. * 81 a. Manhat. Beach H. A L. g. 4s.
CoLJA Hock. Coal. A I.—6 s, g.
Metropol. Tel. A Tel. 1st 5s..
89 %b Micli.-Penin. Car 1st 5s........
Cons.Gas Co.,Chic.—1st ga.5<
De Bardeleben C. A I.—g. ds. 82 %a. Mutual Union Teleg.—0s, g ..
73%b. Nat. Starch Mfg. 1st 0s....... 1 0 2 b
Det. Gas con. 1st 5.................
Edison Elec. 111. Co.—1st 5s.. 1 1 2 a. N. Y A N. J. Telep. gen. 5s..
Do of Bklyn., 1st 5«.. •109 b Northwestern Telegraph—7s
Equit. G.-L., N. Y.,con 8.g. 5s.
People’ 8 Gas A C. 1 1st g. 6 s.
Equitable G. A F.—1st ds_
_ 100 b
Co., Chicago...... $2d g. 6 s. 108 a.
Erie Teleg, A Telep. 5s, g ... 1 0 1 b.
1 st cons. g. 6 *..................... *103 a.
Galveston Wharf Co.—1st 5s 1 0 0 b South Yuba Water—Con. 6 s.
.standard Rope A T.—Inc. 5s.
Henderson Bridge—1st g. 6 s.
17>at)
Sunday Creek Coal 1st g. 6 s.
Illinois Steel deb. 5s..............
Non-conv. deb. 5s...............
Western Union Teleg.—7s... *107%b
Int. Cond. A Ins. deb. 6 a.
Wheel.L.E.APitt 8.Coal lst5s
......
N ote —“ 5 ” indicates price b id ; “ a” price asked. * Latest price this week.
Bank Stock List—Latest prices. (fNew stock. *Not Listed.
BANKS.'
Bid. Ask.
America....... 335
Am. E xch... 170
251.5
Astor Place* 230
Bowery*...... 300
Broadway__ 230
Butch. A Dr.. 125
Central +.. , 100
Chase............ 400
Chatham...... 285
Chemical---- 4000
City............ . 500
Citizens’ ___ 120
Columbia... 170
Commerce.. 206
Continental. 133
Corn Exch... 285
EaBt River.. 135
11th W ard..
Fifth Ave— 3000
Fifth*......... . 250
First........... 3000
First N.,S. I 120
14th Street.
Fourth........ 178
Gallatin___ 310
Gansevoort. 95
BANKS.
Bid. Ask.
Garfield..
500
German Am. 110
German Ex.* 345
Germania— 350
250 Greenwich... 165
Hanover...... 320
140
170
Hide A L .-.. 85
Hud. River.. 105
300
Im.A Trad'rs 525
4500 Irving.......... 140
Leather M fs’ 180
140
Liberty*___ 132
Lincoln........ 750
210 I Manhattan... 220
Market A Fnl 200
140
Mechanic*’ 185
800
M’chs’ ATrs’ 125
Mercantile... 105
3500 Merchant/ 140
Merch’t. Ex. 114
Metropol’s... 425
160 Mt. Morris.. 98
Nassau....... 150
185 N. Ams’dam 190
330 iNew Y ork... 230
105 IN. Y. Co’ nty 700
BANKS.
Bid. Ask.
N.Y.Nat.Ex
Ninth.......... 105
19th Ward.. 1 0 0
N. America. 135
340
175
350
90
550
155
230
240
195
135
150
102
170
Pacific...... 175
Park............ 260
People’s...... 2 0 0
Plienlx...... 104
Prod. Ex.*... 116
Republic_ 150
_
Seaboard_ 170
_
425
Seventh __ 1 0 0
Shoe A Le’th 90
Stateof N.Y. 114
Third.........
90
Tradesm’n’s. 97
12th Ward*.
200
|Unlon Sq.*.. 175
Un’d States. 175
170
1
Western...... 114
1
West Side... 275
95
110
145
195
210
270
240
110
160
170
90
100
130
190
200
120
THE
790
H USTON, P H I L j U S L P U U
U
r
Actlva Slock*.
1 Indicate* unlisted.
Saturday,
Apr. 17.
9%
9%
T * 8. Fe. Darien).100
Atlantic * !’ *>'
“
Ik Oltto {JbilkKiOvi
60
Beit, f l l j
"
I f I 66
R» tttm-re Trm
-UOU * t 25 10% 20
19% 19%
k . urne re T ra cts*, t i t i . j . .*
R
& Albany t8<«to«),i0Oi 212 212
B o u ton * L ow ell
“
100 213
Boston A SBttoe.
*'
l o o 161 162
O
estsfatl of Mae*., *'
100 * 9 4 10%
564 504
P re fe rr e d ......
** 100
CtiK\8ur.A q u in,
*'
100 71% 7 1 4
Chic. MU,A 81. P. (PAtl.).lOO 71% 72%
Cb • .O&O.voM r
*
*
50
1 8 4 19%
CH. SVRy o f tU®f “
100
92%
92
Fitchburg p ref.. I n otion ).100
24
Lehigh V alley .. (P h ila .). 50 24
102
Mrs jvpoi'n Trao.T **
100 102
84
*8
MekieMJ Cenl’ l (B oston ).100
S i * E nglan d.. . .
** 100
p w f e r t e d .........
'*
100
Northern Central (B at ■). 50 * '?T ' ■72“
12
12
Northern Pacific (Phiia.)lOO
e n d erred
"
100 *3-14 3 4 %
14 Colony ...(B o sto n ) .100 *178 179
S3
53
{•<•!,nsylvanta ..(P h ila .). 50
94
94
P h il.* Beading.!
"
50
FWladclph. T rio .
“
50 70 4 7o%
54
‘ 4%
Union Pacific. ..f Boston). 100
104 104
Union T raction. .(P h ila .). 50
M l a c e lia n e o n * S t o c k * .
1 1 1 4 111%
Ans.Suc’ r Rr tin. ((B o s to n ) —
P referred.........
“
. . . . 103 103
Bell T elephone..
“
100 224 2 2 5 4
Bess. & Montana.
“
25 120 120
1S% 19
H u tu A Boston !
“
25
Colniuet & Heel*
**
25 365 370
Cantos; Co . . . . . . . ( B a il.). 100
59% "59%
Consolidated On*
"
100
Esec-Btor. B »t’yT(PAita.i-100
•••.*'
100
644
Erse T elephone.(B oston).100 *64
General Electric.
“
100 *30 4 SI
75
P referred ........
100 *70
B llno!*Steel . . . .
*
*
100 *32% 34
EausonStoreOer
“
50 •214 22
LislU’bCoftl&Nav.fTkWa..) 50 *38%
N. E. Telephone (B oston).100 102 102
13% 13%
P«.H(>at.l. A Po v f f k i l a .) .......
71% 71%
Unit'd G a id m p .f
"
50
41
41
Wesehach Light t
“
-2
2%
West End Band .. t Boston) .
•B id and salted prices; no sale war in
f
Inactive Stocks.
Bid.
C H R O N IC L E ,
AN®
B A L T IM O R E
[V o l . LX1V,
STOCK
EXCH ANGES.
s h a r e P r i c e * — n o t (Per C e n t u m P r i c e * .
M onday.
Apr. 19,11
13
66
19%
19%
69%
04
19
23%
.........
Tuesday,
A pr. 20.
~0%
a.
•13
13
.........
66
19%
19%
Hl%
19%
212
213
. . . . . 101
*94
*56
70%
704
71
04
6%
21
19
92
23%
234
102
8
........
W ednesday,
Apr. 21,
9%
9%
...
004
19%
19%
212
------161
104
59
714
71%
64
224
924
234
103
8
9%
Bang* o f sales in 1897.
Friday.
Apr. 43
Thursday,
Apr. 22
"To
* 1 3 4 ......... "iSS
......
....... 06
19% 1 9 4
194
19%
19% 19%
2124
2 1 2 4 213
'213 2 1 4 4 1 . . . .
162
1614162
'9 4 104
9
•56
59
57
7 1 4 72
714
71% 71%
71%
6%
64
*6%
23
2 1 4 23%
92
93
924
2 3 4 24
234
102 102
•8
84
8
12% Mar. 3
'3 7 4 Jan, 13
1 7 4 Jan. S
68 A pr. IT
20% Apr. 2
20% Apr. 2
217 Mar. 4
214 Apr. 7
166 Jnn. 18
11 Jan. 20
58 Mar. 3
78% Mar. 18
7 8 4 Mar. 15
6 4 Feb. 5
2 5 4 Jan. 20
94 4 Mar. 15
30% Jan, 2
1104 Jan. 5
9 4 Jan. 30
3 7 4 Jan. 19
OlJfi Jan, 7
72 Apr. 1
1 6 4 Feb. 1
39 Feb. 1
ISO Mar. l
6 3 4 Mar. 15
14 Jan.
74 Star. 4
9 Jan. 7
13% Mar. 3
13 4
6(5
194
19%
213
2144
162
9%
57
71%
71%
74
23 4
924
234
8
58
58
58
71% 71%
7 )4
12
1 1 % 11 % 12
114 U 4
* 3 1 4 34% 34% 34%
34% 34%
179 179
179 179
179 179
52% 53
52% 53
52% 52%
94
9%
84 94,
7 0 4 70^
704 704
7 0 4 704
*54
54
‘ 54
54
54
54
9% 10
9% 10
8%
9%
58
714
T i~ TT%
*33 4 3 3 %
5 2 4 52%
8 V . 8D*lf,
7 0 4 70**
9%
104
......... ........
1124
1 1 1 4 112
1 0 2 4 10 24 103
2214
2 2 3 4 224
1194 U 9 4 1194
18
1S% 184
363
365 365
6 b "*
594
1-%
21
113%
10 34
2224
120
18%
365
534 584
■59“ " 59”
17
17%
18
184
20
20
644 644
*6-14 65
304 304
31
31%
714 714
*70
75
294 324
* 3 2 4 34
......... ........
2 1 4 214
*214 22
39
39
39
*38 4 .....
39
*1014 102
1 0 1 4 102
13%
1 3 4 134
134 134
184
71
71
71% 71%
42
42
42
42
42
41
■1
24
*2
24
1 Holiday in Boston.
1
ade.
594
IS
20
Ask.
B onds.
112%
103
223 4
1184
1 6 4 17%
365 363
*60
584 584
1 5 4 17
194 194
64
644
* 3 0 4 31
*71 4 73
31% 3 2 4
22
*21
39
39
;
102
13% 13%
7 1 4 72
1124
103
222
116
1124 1134
103 1 0 3 4
2204 2224
1 1 3 4 116
15% 15%
860 362
•624 66
5 3 4 59
16% 1 8 4
*1 9 4 2 0 4
64 4 6 4 4
30 4 30%
714 714
31% 33
22
22
39% 3 9 4
102
102
13% 13%
*72
724
414 414
*2
24
t Trust receipts.
Bid.
Highest,
Lowest.
104
Ask.
1 0 9 4 Mar. 29 1 1 8 4 Mar.
1 0 0 4 Jan. 6 1 0 5 4 Mar.
2 0 5 4 Jan. 4 228 Apr.
129 Mar.
94% Jaa.
6 Jan. 11 20 Mar.
326 Jan, 2 390 Mar.
60 Jan. 8 6 7 4 Feb.
5 8 4 Apr, 22 62% Jan.
1 5 4 Apr. 22 31 Feb.
1 9 4 A pr. 22 33 Jan.
63% Apr. 1 67% Feb.
3 0 4 Apr. 12 3 6 4 Feb.
7 1 4 Apr. 14 78 Jan.
2 9 4 A pr. 21 4.1% Jan.
2 0 4 JaQ. 6 2 3 4 Feb.
38 Mar. 29 42 Jau.
61,101 Apr. 5 103 Jan.
855 13% Jan. 5 16 Mar.
897 71 Jan. 6 74% Feb.
369 3 8 4 Apr. 6 47 Jan.
2% Feb.
32
1% Jan. 5
1 TruBt reo.,all instal. paid.
Bonds.
66
People’ s iT ae. trust certs. 4s..1943
Boston United Has, 2 d m . 5 s ..1939 f 65
PerkJomen, 1st s e r .,5 s .1918, Q—J
B url,& Mo. R iver E xe nit- 6s, J&J *117 118
92
93
PbU a.& E rlegen.M . 5g.,1920, A&C
Non-exempt 6s....... ..1 9 1 8 , J&J fl0 7
108
262 265
Qen. m ort., 4 g ...........1920, A & t
99
Plain 4s......................... 1910, J&J § 97
Ohio. Burl, a Nor. l e t s , 1926, A&O §104 104is P h ils & Read, new 4 g „ 1958, JA;.
3M
1st pref. inoom e, 5 g, 1958, F eb 1
61%
2d m ort. 6 e .. . . . . . . . . . 1918, J&D S 99 100
.2 d p ref.In oom e,5 g, 19 88,Feb. 1
30
Debenture 6 s . . . .........1896, J&D
94
3d pref. incom e, 5 g , 1958,Feb. f
5
8
Ohio. Bnrl.& Quinoyds 1922,F&A § 93
99
2d, 5s..........................1 9 3 3 , A&C
Iowa Division 4 s____1919, A&O 5 97
147 149
Consol, m ort. 7 s_____1911, J&D
57
240 250
Chi 0, AW. Mi oh. gen. 5s, 1921, J&D 5 55
58
Consol, o f Verm ont, Sb. 1913, J&J | 55
Consol, m ort. 6 K ......1 9 1 1 , J&I
28
60
165
Current River, 1st, 5 s ..1927, A&O § 40
Itnprovem entM .6 g., 1897, A&O
60
Con. M .,5 g.,stam ped,1922, M&N
10
12* Det, L a n » .* N o r 'n M .7 s .l9 0 7 , J&J * 60
32
Terminal 5s, g .........1941. Q.—F.
30
Eastern 1st m ort 6 g,1906,M & 8.. 5120 121
50
Free,Elk,& M .V .,1st,6S.1933, end. 5128
Phil. WHm. & Balt., 4 s .1917, A&O
62
Pitts. C. & 8 t. L ., 7 s ....1 9 0 0 , F&A
61
Unstamped, 1st, 6s, 1933............ §128
60
K.C. C.&Spring., 1st,5 g.,1925, A&O § 40
Rochester R ailw ay, oon. 5s ..1 930
18
80
8ehuyl.R .E .8ide,let5 g.1935, J&D
4 9 4 49% K O. F .S .& M . oon .6s, 1928. M&N § 78
68
10
Union Terminal 1st 5 s...........F&A
5
K.C. Mem. & B lr.,lst,2s,1927.M & 8 * 65
§120
40
30
K.
C. 8t. Jo. & C. B „ 7 s ..1907, J&J122
A t » f h a Br e { S ° 7 ^ i 9 0 7 , J&J
85
54
L. ltock & Ft S y ls t^ s -.I S O S , J&J § 75
120 125
Baltimore B elt, 1st, 5s. 1990, M&N
Louts.,Ev.&8t.L.,1st,6g.l926,A & O 5100 103
87
57
Balt. C. Pass. 1st 5 s . . .. 1911, M&N
2m ., 5—6 g ................. 1936, A&O 1 85
54
Balt. Traction, le t 5 s ..1929, M&N
Mar. H. & Ont., 6s....... 1925, A&O 5107 108
67
3%
Extern & inapt. 6 s ....1 9 0 1 , M&8
M exican Central, 4 g . . .1911, J&J 5 66
16
88
No. Balt. D iv., 5 s ....... 1942, J&D
1st oonsol.lnoom es, S g, non-onm.
164
Baltimore & Ohio 4 g., 1935, A&O
6
15
2d consol, inoom es. 3s, non-onm.
154
74
N. Y. & N.Eng,, 1st, 7 s ,1905, J&J* 5119 1 1 9 4
Pitts. & Conn., 5 g___1925, F&A
20
Staten Island, 2d, 5 g .1926. J&J
1st mort. 6s.................1905, J&J §112 113
1
83
R eceivers' certificates, 6s..J & D
Ogden. & L .C .,C on.6s... 1920,A&O 6 81
15
Do. Maryland Construe., 5 s .......
lno. 6s____ ____ ______ _
1
D o. Plttsb. & Connells., 5s..J& J
5105 107
Bai.&Ohlo 8 .W .,lst,4 4 g . 1990, J&J
100
2 d , 5 s .................................... 1 8 9 8 ,F & A 5 98
71
O apeF.& Yad.,8er.A .,6g.l916, J&D
714
A t la n W r i ? t h
Jlfgd!^ leM & N 107
Cent. Ohio, 4 4 g ......... ..1 9 3 0 , M &8
9 1 4 92
246
Buffalo Ry. con. 1st, 5 s ...........1931 107
. t—., r ' Cent. Pass., 1st 5 s....... 1932, M&N
, A
Oatawtsim, M .,7 s.........1900, F&A 109
City & 8 u b „ 1st 5 s .........1922, J&D
4 8 4 49
Oilar!. Col.&A ug.oxli.5s . 1910, J&J
2 4 Oboo. Okla, & G ulf, prior lien 6 s,. 1 0 7 4 110
1
Col, & Green*., 1st 5-6s 1917, J&J
79
78
1 4 Citizens’ 8 t.R y.ol lnd.,oon .5s.l933
Colnmb. 8t. U y„ 1st, oon. 5s.. 1932
1
3
Georgia & Ala. ,1st pi. 5 s.1945, A&O
112 118
Colutub. O. Orosstown, lst,5 s.l9 3 3
Ga. Car. & Nor. le t 5 g ..l9 2 9 , J&J
Consol. Traot. o f N. J., lst,5«.1933 ’ 8 9 4 '89% Georgia Pae., 1st 5-8s...lS)22, J&J
•50 1*00 Del. & B’d Br’k , 1st, 7 s .19 05,F&A 122
Gbot/ 80. & Fla., 1st 5 s . . 1945, J&J
E a sto n * A m , lstM .,5s. 1 9 2 0 ,M&N 1 0 3 4 105
Worth. Cent. 6s . . . . . . ___ 1900, J&J
"20 } 2 0 4 E leo,& P eople’s Trao. stock, tr.otfs
6s....................
1904, J&J
71
714
4^8
Series A , 5 s . . . . . . .........1926, J&J
4% Elmir. & W U m .,1st,68.1910, J»fcJ. 1 1 8 4
4
:
4 4 a ............................... 1925, A&O
115
4%
f*
104*8
Pitta. & Connells. I a t 7 s .l8 9 8 , J&J
Southern, le t 5 s___ _____1994, J&J
1 4 Lehigh Nav. 4 4 s ..........1914, (
1104 i l l
io% : 11
Virginia M id., 1st 6 s ...1 9 0 6 , M&8 .
2d 6s, gold .................. 1 8 9 7 ,.
1034
H
2d Series, 6s..................1911 M&r
4
15
3d Series, 6s ............ ..1 9 1 6 , M&S
92
93
29 | 2 0 4
4th Series, 3-4-5ts....... 1921, M&i1054
159 1 5 9 4
5th Series, 5s.............. 1920, MAS
130
20
25
Consol. 6 ......................1923,
WwstVa C. & P. tat, 6 g . 1911, J &J
1164
40
50
I'owurk Passenger, oon. 5s______
Wlltn. Col. & A ug., Sa..19 10, J A 0
107 108
107 109
M 1 8 0 B I.S A N S 0 0 9 .
North Penn. 1st,, 4 s ....1 9 3 6 , M w 113 . . . . . .
Tuparack Milling,...
4 ' 25 n o 112
4
Den. M. 7s ..................... 1903, J&J
Baltimore Water 5 s . . .19 16, M&N
119
Wafer Po^tr.,. . . . . . .
“
100
Paterson Railway, oonsol. 6s
Funding 5a--------------- 1916, M&N
4| 1
Weatibgh. (dec. & M..
50
23
24
E xchange 8 4 e ........... .1930, JAJ
133
Plot., mimnlaliv..
M 5 0 80 ftl
Consol. 6 », o
Virginia (S ta te)3 a ,n ew .1932, J&.J
1194
8 o n d i 'M8 o t t o n *
Funded debt, 2-3s........1991, J&J
119 .........
AtaTop. & B w m
r , n*m& #. A§, 1095 J79 7 9 4 O ollat.T r, 4 4 g ....... ,.1 9 1 i
■*-»•*- OiesapeaKe Gas « * . . . . . 1900, J&D
A d 4 § ,
I
4 1 4 ; Pa. & N. Y. C a n a l,7 s ... oi
f* 4
Oonaol. Gaa, 6a— --------- 1910, J&D
122"'
Bo«ton Umtad <iaj» 1st 6 ® ,.......... j8 0
82 ! Oon. 5s............ ............ 193
108
5 » . . . . „ -------- ------------- 19?0, i
•Price Inch: its rvsrdB* o m o o o .
2 Onllstetl.
t And aoorued Intores .
P ncst at A pril 23.
At ante A Charlotte (B ail.). 100
Boston & Providence (Boston).100
Camden 3c Atlantia p t. (Phila.). 50
*'
50
O ataw i.**........................
1st preferred...........
"
50
Central O hio................. (Both) 50
Chicago A West MiebutBostoft) .100
Connecticut A P ass..
'*
100
Connecticut R iver—
"
100
Consol, T ract.of N.J,1I(FAIla.).lOO
Dels ware*Bound Br_
"
100
Flint A F «W M arq...< Boston).100
Preferred . . . -----. . . .
-**
100
HenonvIUe Fae&sng, (P h ila .). 50
Preferred f .................
“
50
H unt. A Broad T o p ...
“
50
Preferred.....................
“
50
Kan. t F t . r . A Mem. (Boston), 100
Preferred.......... ......
**
100
Little Bchuvlkili.........(Phila.). 50
Maine Centra?___ ...(Boston) 100
Mine K ill A 0 .Haven.fFAtfa.J_ 50
Seimoebonlug V n l. . .
“
50
B atts American C o ..
*
*
100
North Pennsylvania.
“
50
Or rb. Line all «um.pd( Boston/. 100
Pennsylvania A N . W. ( PhUa. ). 50
Philadel. * Erie........
"
50
R u tlan d ............ - ....... (Boston) .100
Pro;err*>d....................
"
100
Southern..................... (JBall,).100
Preferred.....................
*
• 100
West S a d ,.......... ........(K o tim ). 50
Preferred ....................
*'
50
United Cos. o ' v. J . fFAUa.J.100
tv,*.' Jerf.... APeaHh.
*
*
50
Western S.Y . A Pena
“
100
Wl*<x>»»tB C entral...(B o sto n ).100
P referred....................
"
100
Wore‘sUN*#b,&Boch.
**
100
MIM.aM.4X BOOS.
A Toner Mln*g,«#wt pdf Boston). 25
Atser, R y. LI. I.l*ht.. (P h ila .). . . . .
A uar, to ’H e i n e .,... (Boston). 25
Bay Ktatn 0 a * t
50
il ,aton L a i,,'., . . . . . . .
4
1
10
Centennial M ining...
"
10
Fort Wayne E ie e tf
,4
25
P '.nkiisi M in in g .,...
1
4
25
F'aochfn'tJ'* Hay 1 /4 .
M
5
K«tr*argr M ining.,,,
“
25
O ‘-osoi* Minting,. . . . . ,
“
25
P sllrsas Palace Car.
*
•
100
Fs&nsyivani* 8 ;,v,i,. {Phila,).IW
Ptr/emd*!.. . . . . . .
*'
1O0
Qalfifjr Mining.
Mmiion/. 25
3
12
13
16
15
1
6
15
1
29
24
2
20
18
1
14
26
10
3
12
9
Bid
97
99
__
117
105*2
105*4 __T
80 4
80
2o^ 204
12
124,
120
131
■Tn
TM
i k
__ r
121
1 0 2 4 .........
1134
109%
8 9 ^ SO
10 414
121 1 2 1 4 95
954
115 4
113
1054
111% 112
100
i o T ’ i.04 %,
98 100
__T
lto
99
97
98
991'
_r
113
IO -14
112
1014 1024
80
804
114
94%
1084
112
115
ll'5
mm
1 0 3 4 .nmm
112
.H ill
1 1 8 4 120
1144
103"
108
117
121
.........
'7 4 4
64 4 64%
106 107
117 1 1 7 4
110 1 1 0 4 -
THE CHRONICLE
A p r il 24, 1897.]
791
NEW YORK STOCK EXCHANGE PRICES (Continued)— ACTIVE BONDS APRIL 23 AND FOR YEAR 1 8 9 7 .
R a i l r o a d and
M is c e l l a n e o u s B o n d s .
a ric€
A pr. 23.
R a n g e ( s a l e s ) i n 1897.
Railroad and
Miscellaneous B onds.
-------------------------- Lowest.
Highest.
1 0 6 ^ . 106 Feb. 109 Jan.
Amftr. C otton Oil, deb., 8 g .l9 0 0
711^
70 Apr.
Amer. Spirit M fg., 1st, 6g.l91 5
81% Feb.
78i4 74% Jan. 80% F e b /
A nn A rbor.—1st, 4s, g . . . . . l 9 9 o
795s
A t.T . &S.F.—New gen. 4S.1995
79 Apr.
83% Mar.
43%
4 9 % Feb.
42% Apr.
Adlnstment 4 s..................1995
119
11616 Jan. 119% Apr.
B ’w ay & 7 tb A v .-l st. con.g. 5s’43
761s
B rooklyn Elev. 1st, 6 g ....l 9 2 4
7 8 3 4 Apr.
70 Feb.
Union Elevated.—6g — 1937 M & N 77
68 Feb.
79 % Apr.
B klyn Rap. Trans., 5 g — 1 9 4 5 (A <s O 77 a. 7 5 1 5 Apr.
81 Feb.
B kly n .U n .Q as,lst,con .5 g .l945 d & J H 214 105% Jan. 112% Apr.
95
B ’klynW brf& W .H—1st,5s,g. 4 5 F & A
91i6 Mar. 101 Jan.
4 108 Jan. 111 Feb.
Canada Southern.—1st,oa,1908 « J 110 s
105i6b. 10416 Mar. 108 Feb.
2d,5a. . .....................'....'1913 M < S
fe
Cent, of Ga.—Corns., 5s, g .19 45 51 & N 92 b. 90% Feb.
92% Mar.
Central o f N. J .—Cons.,7s, 1899 Q—J 107 b. 106% Apr. 108% Mar.
Consol.. 7 e........................1902 51 & N 112i6b. 115 Mar. 115% Mar.
General m ortgage, 5 g ...l 9 8 7
< J 112
fe
109 Apr. 118 Feb.
9716
Leh.<fc W .B.,oon.,7s,a3’ d .l9 0 0
90 Apr. 104% Feb.
& N r 78 ;
“
m ortgage5s.l9 12
78 Mar. 90 Feb.
Am . D ock & Im p., 5 s ___ 1921 J & J 114 b. 114 Mar. 116% Feb.
Central P acific.—Gold, 6 s .1898 J & J 10219b. 100 Jan. 102% Apr.
Extern 5 g .................
1898 J & J, 10114 b. 9 9 3 4 Jan. 101% Apr.
Ches. A Ohio. —Ser. A , 6 g ..l9 0 8 A A O 118%b. 119 Jan. 12138 Mar.
M ortgage, 6 g ...................1911 !A & O 119%
118% Jan. 121 Mar.
ls t c o n 8 o l., 5 g ..................1 9 3 9 J1 & N 1 1 2
107% Jan. 112 Apr.
General 4!6S, g ....... .1992 M & 8
72%b. 72 Mar. 76% Feb.
R.& A .D iv ., lsto o n ., 4g-1989 J & J 101%b. 97 Jan. 104% Mar.
*
*
2d con., 4 g .. 1989 J & **l ............ 86 Jan.
92 Mar.
C h ic.B orL Sc Q. Con. 7 s.l9 o 3 ! J & J 118% 115 Jan. 118% Apr.
Debenture, 5s.................. 1913 51 < N 1 0 0 b. 97 J an. 101 Apr.
fe
Convertible 5 s................. 1903j5I A Sj 1 0 0 b. 99% Mar. ,102% Mar.
93 %b. 93 Feb. • 96% Jan.
D enver Division 4 s ......... 1 9 2 2 F & A
Nebraska Extension, 4s. 1927 51 A N 92 b. 87% Jan. ! 91% Mar.
Han. <fe8 t. Jos.—Cons.6s.1911 51 A 8 120
118 Mar. 121 Feb.
Okie. < E. IU.— lst,s. f. 6 s. 1907 J & D 114 b .| il 4 A pr. j115 Apr.
fc
ConsoL 6 g ......................... 1934 A A O 124i6 b .i2 4 Apr. 125 Apr.
General consol., 1st 5 s .. 1 9 3 7 M A N 100 b.j 98% Feb. 1
101% Mar.
Chicago A Erie.—1st, 5 g ..l9 8 2 M A N l l l % b . 1 1 0 % Jan. 112 Jan.
Chic. Gas L. A C .— 1 s t ,5 g .. 1937 J A J 97%
93 Jan.
97% Apr.
Chic. M1L& 8 t. P.—Con.78.1905 J A J 132
128
Jan. 134% Mar.
1st, SouthwestDiv., 0 s ..1909 J A J 118 b. 115% Jan. 118 Apr.
“
1st, So. Minn. Div., 6 s .. 1910 J A J 119 ‘b. 115% Jan. 119 Apr.
lst.C h .A P a o.W .D iv .5 s..l9 2 1 J A J 115% 112 Jan. 115% Apr.
C hic.& Mo. R iv .D iv .,5 s..l9 2 6 J A J 1 1 0 b. 106% Jan. .111% Apr.
W ise.A M inn.,D iv ,5 g ...l9 2 1 J A J 113
110% Jan. 113% Mar.
Terminal, 5 g .................... 1914!J A J 113%b. 110% Jan. 113% Apr.
0
Gen. M., 4 g .f series A . . ..1 9 8 9 J A J L 1 b. 96 Jan. 102% Mar.
Mil. & Nor.—1st,c on .,6 s.1913 J A D *119 b 118 Jan. 118% Feb.
Ohio. A N. Pao., 1st. 5 g .... 1940 A A O * 42% •40 Jan. 144 J an.
145
Chic. A N . W.—Consol., 7s. 1915 Q - F
140 Jail. 145 Apr.
Coupon, gold, 7 s .............. 1902 J A D 119%b. 110 Jan. 120 Apr.
Sinking fund, 6 s .............. 1929 A A O 1 1 0 b. 114 Jan. 119 Mar.
Sinking C
und, 5 s ...............1929 A A O 109 b. 103% --vpr. 112 Mar.
Sinking fund,Vleben., 58.1933 M A N 114%b. 110% Jan. 114 Apr.
25-year debenture, 5 s ... 1909 M A N 1 1 0 b. 106 Jan. 109% Apr.
Extension, 4 s ..................1926 F A A 1 0 1 b. 101 Jan. 103% Feb.
MU. L. Sh. A W., 1st, 6 g .l9 2 1 M A N 132% 131% Jan. 134 Apr.
E rten . A Im p., 5 g ....... 1929 F A A
112 Mar. 115 Jan.
Ohio. R .I.A P a o .—6 s,co u p .1917 J A J 131 b. 128% Jau. 131 Mar.
Extension and ool., 5a ...1 934 J A J 104% 101% Jan. 105% Mar.
90 b. 93 Jan.
30-year d eb en tu re,5 s... 1921 M A 8
99% Feb.
Ohio. St. P. M. A O.—6 s ... 1930 J A D *130 b. 120 Jau. 131% Mar.
Chic. AW .Ind.—G en.,g.,6s.1932 Q -M
117 b. 116 Mar. 117% Jan.
Clev. Lor. A WheeL—o s ... 1933 A A O 1 0 0 a. 102 Jan. 102 Jan.
C. C. C. A I .—C onsol.7g ...1 9 1 4 J A D 133%b, 131% Jau. 133% Apr.
General, consol., 0 g ___ 1934 J A J 126 b. 123% Jan. 125 Apr.
G.C.C<feSt.L.—Peo.tte E ..4s.l940 A A O 72 b. 70 Mar. 75 Jan.
Col. Midland—Cons., 4 g.,1940 F A A t 1 0 %a. I 10 Apr. 117 Jan.
CoL A 9th Ave. gu. 5s, g ..l9 9 3 M A 8 116 b. 115% Mar. 118 Feb.
69
O ol.H .V al.A Tol.—C on.,og.l931 M A 8
03 Feb. 8 8 % Jan.
> 50 b. 49% Feb.
General, 0 g .......................1904 J A L
87 Jan.
D env. A RtoGr.—1st,7s,g. 1900 M A N 1 1 2 %b. 111 Jan. 113% Apr.
1st consol., 4 g..................1930 J A J 87%b. 88 Jau.
89 Jan.
•Dill. & Iron R’ge—1st, 5 s .1937 A A O 98%
98% Apr. 101% Jan.
Dul. 8 0 . Bh. A AtL—5 g . . . . 1937 J A J 100 %
99% Jan. 102 Feb.
Edison Ei. IU.—lst,oon.g.5s.’95 J A J 110 % 104% Jau. 110% Apr.
Erie—4, g, prior b o n d s .... 1996 J A J
93% Jan.
93%
95% Feb.
General, 3-4, g ................ 1996 J A J
63%
62% Jan.
06% Feb.
Erie Ry.—1st, eon., 7 g ..l9 2 0 M A 8 *140%b. 139% Mar. 143% Feb.
L 'g Dock, oonsol., 6 g . 1935 A A O 134%b. 133% Jan. 136 Mar.
Ft. W. A Den. City.—4-6 g.1921 J A D 55
53 Jan.
59% Mar.
G aLH .A8an.An-M .AP.D.lst,5g M A N 90 b. 89% Jan.
91% Feb.
Gen. E leotrio,deb. 5 s , 9 . . . 1922 J A D * 95 b. 90% Jan.
97% Apr.
Hous. A T. Cent. gen. 4s, g.1921 A A O 6 6 %a. 60 Jan.
70 Mar.
Illinois Central.—4s. g .......1953 M A N
99% Jan. 103 Jan.
W esternLines, 1st, 4s, g. 1951 F A A * 1 0 1 b. 100% Feb. 103% Mar.
InL A G reatN or.—1st,6 s,g 1919 M A N 119% 117% Jau. 119% Jan.
2d, 4% -5s...........................1909 M A S 74 %b. 73 Jan.
80 Feb.
Iow a Central.—1st,5 g . . . . 1938 J A D
89%b. 88 Apr.
97% Jan.
K ings Co. E lev.—1st,5 g .. 1925 J A J
42 b. 44 Feb. 50% Mar.
Laclede Gas.—1st, 5 s ,g ... 1919 Q - F
97
93% Jau.
97% Apr.
Lake Erie A West.—5 g .... 1937 J A J 115%b. 113% Jan. 117 Apr.
L . Shore.—Con,op., 1st, 7s. 1900 J A J 1 1 2 %b. 110% Jau. 113% Mar.
Consol, coup., 2d, 7s.......1903 J A D 123 b. 119 Jan. 121% Mar.
Lex. A v. A P a v .F .g u . 5s,g 1993 M A S 116 b. 115% Mar. 118 Feb.
Long Island.—1st con.,og.1931 Q - J
117 b. 113 Jan. 117% Jan.
General mortgage, 4 g ... 1938 J A D 8 8 b. 76% Jan.
8 8 % Mar.
Louis. dcNask.—C on s.7s.. 189^!A A O 103
102% Apr. 1
106% Mar.
N.O A M obile, 1st, 6 g . . . 1930! J A J •1 2 0 %a. 110 Jan. 120% Apr.
M
•
•
2d, 0 g . 1930 J A J 103 b. 98% Jan. 103% Mar.
General, 6 g ...................... 1930|J A D '117% b. 115% Jan. j 118 Apr.
Unified, 4g ............ ...........1940 J A J
81 Feb.
79%
78% Jan.
^.,111 Jan. 113 Apr.
Louis,N. A. A Oh.—1 st, 6 s. 1910 J A J 113 b.
Consol., 0g, tr. receipts. 1916 A A O t 83 b. 182 Jan. t85 Jan.
Manhattan oonsoL 4s....... 1990 A A O
95% Feb.
92%
91% Apr.
Metro. E levated.- 1st, 0g.l9O 8 J A J 119% 116% Jan. 119% Apr.
2d.6s..................................1899 M A N 1 0 7 ‘4 b. 105 Jan. 107 Mar.
Closing
R a n g e ( s a l e s ) i n 1897.
In V st
Price
P e r i o d A p r . 23.
L o w e s t.
H ig h e tU
fc
Mex. Internat’l—1st, 4, g.1 9 4 2 M < S
69 Mar. 73 Jan.
fe
Mich. Cent.—1st, oons., 7 s. 1902 M < N 118%b. 116% Jan. 118% Apr.
Oonsol., 5 s........................ 1902 M A N *107 b. 107 Feb. 108 Mar.
Mlnn.<feSt.L.—1st oon .5s,g.l93 4 M A N 103 b. 100 Jan. 103% Apr.
Mo. K. < E .—1st 58, g., g o ..1942 A & O 90 b. 90% A pr.
fe
95% Jan.
84
M. K. & T exas.—1st, 4s, g . 1990 J & U
82 J an.
85 Mar.
56%
2 d ,4 8 ,g ..................:.... :.1 9 9 0 F a A
C A a
1
55 34 Apr.
63 Jan.
73 b. 71 Apr.
Mo. Pac.—1st,con., 6 g.......1920 M A N
87% Jan.
99 %u. 98 Mar. 105 J an.
3d, 7s.................................. 1906 M A N
Pao. o f M o.—1st, ex., 4 g .l9 3 8 F A A 1 0 0 %b. 100 A pr. 1 0 1 3 4 Feb.
2d ext. 5 s....................... 1938 J A J " 1 0 0 b. 100 Apr. 103% Jan.
St. L.& Ir.M t.lst ext., 58.1897 F A A 1 0 0 %b. 100% Feb. 103% Jan.
2d, 7 g ..............................1897 M A N 103 %b. 101% Jan. 103% Mar.
Cairo Ark. & Texas, 7g.l'897 J A D 103 b; 98 Jan. 102% Mar.
Gen. R ’y A la n d g r.,5 g .l9 3 1 A A O 70
71 Apr.
77% Feb.
MobUe & Ohio—New 6 g ...1 9 2 7 J A D "119 b. 117 Jan. 119 Feb.
General m ortgage, 4s
1938 M A S 66
65% Apr.
6 8 % Feb.
Nash. Ch. A St.L .—1st, 7 s .. 1913 J A J 129 b. 127% Jan. 130 Mar.
Consol., 5 g .........................1928 A A O 99%b. 100 Jan. 1 0 2 % Mar.
N. Y. Central—D ebtext.4s.1905 M A N 105 b. 101% Jan. 104% Mar.
1st, coupon, 7 s..................1903 J A J 1 2 1 b. 117% Jan. 121% A pr.
Deben.,58, coup., 1 8 8 4 .. 1904 M A S 109 78 106 Mar. 109 % Apr.
N. Y. & Harlem, 7s, reg.,1900 M A N r1 1 0 %b. 110% Apr. 114 Mar.
R.W. A Ogd., consols, 5s. 1922 A A O 119%a. 117% Jan. 121 Feb.
West Shore, guar., 4s. ...2 3 6 1 J A J 108% 105 Jan. 1 0 8 3 4 Apr.
N. Y. Cliio. A 8 t. L.—4 g ...l 9 3 7 A A O 104% 103% A pr. 106% Mar.
N. Y. Laok. A W.—1 st, 6 s .. 1921 J A J 136 %b. 136 Mar. 136% Mar.
Construction, 5 s ..............1923 F A A 116%b. 116% Mar. 118 Jan.
N. Y. N. H. A H.—Con. deb. otfs. A A O 138 b. 132% Feb. 140 Mar.
93%
N.Y.Ont. A W —R ef.4 s, g.1992 M A 8
96 Feb.
8 8 % Jan.
Consol., 1st, 5s, g ...........1 9 3 9 J A D 109%
108% Feb. 110 Mar.
N.Y.Sus.A W .lstref.,58, g.1937 J A J 1 0 2 %a. 100 Jan. 103% Jan.
71 a. 69 Apr.
Gen. .................................. 1940 F & A
5 ‘
74% Jan.
Midland o f N. J., 6 s, g ... 1910 A A O 116%b. 116% Apr. 119% Jan.
Nor. A W. Ry.—1st, cons.,4g.’96 A A O 6 8 b. 69 Apr.
74% Mar.
No.Paoiflo—1st, coup. 6 g .l9 2 1 J A J 116% 113 Jan. 1 1 6 3 4 Mar.
87
8 8 ^ 0 Mar.
P rior lien, ry. A l.g. 4 , g.1997 Q—J
85% Jan.
53
General lien 3 g ...............2047 Q - F
56% Feb.
51% Apr.
No. Paoiflo Ter. Co—6 g ___1938 J A J 107% 104% Jan. 110 Mar.
Ohio A Miss.—Con.s.f., 7 s .1898 J A J 104%b. 104 Mar. 1043$ Apr.
90
Ohio Southern—1st, 6 g . .. 192 1 J A D
90 Jan.
83% Feb.
9
General mortgage, 4 g ..l9 2 1 M A N
Jan.
t 8 % Apr. t l 5
Oregon I inpr. Co.—1st 6 g .. 1910 J A D 90 b. 1 85% Mar. 90% Jan.
ConsoL, 5 g ....................... 1939 A A O 2 0 a. 15 Feb. 119% Mar.
Ore.R.ANav. Co.—1st, 6 g .l9 0 9 J A J 1 1 2 %b. 110 Jan. 114 Apr.
RR. & Nav. consol., 4 g .1946 J A D 82 b. 80 Jan.
84 Feb.
Penn. C o.--4% g, co u p ....... 1921 J A J 1 1 2 b. 109% Jan. 11278 Apr.
Peo. Deo. A E vansv .— 6 g.19 20 J A J * 1 0 0 b. 100 Jan. 104 Feb.
Evans. D ivision, 6 g ....... 1920 M A S 1 0 1 %a. 100 Feb. 106 Feb.
2d m ortage, 5 g ................ 1926 M A N t 25 1 124% Apr.
27% Jan.
Phila. A R ead.—G en .,4 g .,1 9 5 8 J A J t 80% t79% Apr. t82 Feb.
148 Jan.
1 st p f.in o .,5 g , all Inst, p d /5 8
t39 A pr.
2dpf.ino., 5 g., aUinst. pd.’ 58
129 Apr. f 3038 Jan.
3d Df.mo., 5 g., aU inat. pd.’ 58
130% Mar. 134% Jan.
Pitts. Sh. A L. E., 1st, 5 g.1940 A A O 100
95 Jan. 102% Mar.
J A J
70 b. 70 Mar. 74% Jan.
Pittsburg A Western—4 g. 1917
72%
R io Gr. Western—1st 4 g.,1939 J A J
70% Mar. 74% Feb.
St. Jo. & Gr. Island — 6 g ..l9 2 5 M A N 153 b. 147% Jan. 154 Mar.
St. L. A San Fr.—6 g, Cl. B . 1906 M A N 114 b. 112 Jan. 115% Feb
General m ortgage, 0 g ..l9 3 1 J A J 110% 108% Jan. 1 1 2 % Feb.
1931 J A J 95 b. 94% Jan.
General. 5 g ................
98% Feb
64
Railroad, 4 g .................... 1996 J A J
6 6 7s Feb
62% Jan.
05 %b. 5 9 3 4 A pr.
70 Jan.
St. L. A So. W.—1st, 4s, g.1989 M A N
2 0 %b. 15
28 Jan.
2d, 4s, g.. Incom e.............1989 J A J
A pr.
St.P.M .AM .—D a k .E x .,6 g .l9 1 0 M A N 1 2 2 b. 116% Jan. 122 Apr.
1st oonsoL, 0 g ................. 1933 J A J 126 b. 123 Jan. 126% Aj>r.
reduced to 4% g .. J A J 106%
102% Jan. 107 Mar.
92 %b. 87% Jan.
93 A pr.
Montana extension, 4 g .19 37 J A D
57%b. 54% Jan.
59 % Mar.
San. Ant. A A. P.—lst,4 g .,g u .’43 J A J
92 b. 87% Feb.
92% Apr.
So. Car. A Ga.—1st, 5 g ...l 9 1 9 M A N
So. Paoitio, Ariz . — 6 g ... 1909-10 J A J
92 b. 90 Feb.
94% Jau.
So. Paoitio, OaL— 6 g ... 1905-12 A A O
106% Apr. 108 Jan.
1st oonsol.. gold, 5 g .......1937 A A O 88 %
8 8 % Apr.
85 Feb.
8 0 . Paoitio, N. M . - - 6 g ....... 1911 J A J 104
102 Jan. 105 Feb.
88 %
Southern—1st oons. g. 5s. 1994 J A J
87% Mar. 91 J an.
E. Tenn.reorg. lieu 4 -5s. 1938 M A 8
89% Jan.
8 6 % Mar.
E .T. V. A G .—1st,7 £ . . . . 1 9 0 0 J A J 109 b. 107% Jan. 109 % Mar.
Con. 5 g ..........................1956 M A N 109% 107 Jan. 109% Apr.
Georgia Pao. Ist5-6s, g .,1922 J A J 115 b. 107% Jan. 114% Apr.
K noxv. A Ohio 1st 6 s ,g .. 1925 J A J 114 a. 112 Jan. 115 Feb.
Rloh. AD anv. oon. 6 s,g.. 1915 J A J 12334b. 117% Jan. 122% Mar.
W est.No.Oarl 8 to o n . 0 8 , g l 9 1 4 J A J 114 b. 111% Jan. 114% Mar.
Standard R op eA T ..lst.6 g .l9 4 6 F A A
60%b. 65 Mar. 79% Jan.
Tenn. O. I. A R y—Ten. D .lst, 0g A A O 81%a. 81% Apr.
8 8 % Mar.
89 Mar.
Birmingham D iv., 0 g ...l 9 1 7 J A J
80 a. 85 Jan.
Texas A Paoiflo—1st, 5 g ..2 0 0 0 J A D
90 Feb.
88 %
85% Jan.
23 Jan.
2d, inoorne, 5 g . . . . . . . . . . 2 0 0 u March
18 Apr.
18 7e
Toledo A Ohio Cent.—5 g ..l9 3 5 J A J 103%
102 Mar. 108 Feb.
ToL S t.L. A K a n .0 . — 6 g.,.19Lti J A D t 71 a. t 67% Mar. 175 Feb.
Union Paoitio—6 g ......... ...1 8 9 8 J A J 1 0 2 %b. 1 0 1 % Mar. 105 Feb.
95 Feb.
Ext. siuklng fund, 8 ........1899 M A S 191 a. 85 Jan.
CoUateral trust, 4 %........1918 M A iN 150 a. t49% Jan. t50 Jan.
Gold 6 s, 0 0 L trust notes. 189 L F A A 1 0 1 b. 99 Feb. 102% Mar*
Kan. P ao.-D ea .D lv .,0 g ,1 8 9 9 M A N 117%b. 113% Jan. 117%: Apr*
IstooasoL , 0 g ...... ...1 9 1 9 M A N t 72 b. 167 Jan. 178 JanOregon Short Line—0 g.1922 F A A 116%b. 1 1 1 1 % Jan. 119 Mar*
Or.S.L.ALJt’hN.—Oon.,5gl919 A A U t 7 5 %b. 163% Jan. 17734 Mar.
37 Feb.
U .P .D ea.A G ulf,con.,5 g.1939 J A D 34 b. 33 Apr.
U. S. Leather—S. ^ deb.Og. 1913 M A N 114 a. 111% Jan. 114 F eb.
Virginia M id.—Gen. . 5s. 1936 M A N IOI %b. 100 Jan. 103% M ar.
W a b a s h -1st, 5 g . . . .........9 3 9 M A N 105 % 103 Apr. 107% Jan.
73% Jan.
2d m ortgage, 5 g.............. 1939 F A A 64 %b. 63% Apr.
25 J a n ..
Debeu., Series B .. . . ...1 9 3 9 J A
17 b. 18% Apr.
W estN. Y. A Pa.—1st, 5 g .l9 3 7 J A
106 %b. 104% Jan. 107% Mar 1
50 Feb.
Gen. 2-3-4s, g o ld .... ...1 9 4 3 A A
48 a. 46% Jan.
West.Uu.TeL—Ool. tr. 5 s ..1938 J A
107%b. 106% Jan. 108% A p r.
Wi*»fv Cent. Co t-ir. > ^ . 1947 J &
31
t30 Apr. 140 Mar
Notb .—1 b” Indicates price b i d ; “ a " prioe a s k e d ; the range is made np from actual sales only.
“
* Latest prloe tills week,
t T rust receipts.
HEW YORK STOCK EXCHANGE PRICES—(Continued),—W 4 C T 2 V # BONDS —
APRIL 2 3
SECURITIES
Railroad Ronds.
( S to c k E x c h a n g e P r i c e s .)
A labam a Mid.—1st, g ., guar. .1928
Atoh. Topeka A San Fran.—
Chicago A St. Lou.—1st, « s . 1915
Ool. Mid. 1st, g., 6s, a sa td ..l9 3 e
AtL A Pao. 2d W. D., gu. 6 s. 1907
Western Division Incom e.. 19)6
Balt. A Ohio 1st. Os. Park B .
9
Bid.
A sk.
SECURITIES.
Bid.
Ask.
SECURITIES.
Brunswick & W ’n—1st, g., 4 s .1938
Balt. A O h io 92
Buff. Rooh. & P itts.—Gen. 5s..1937
58, g o ld ................................ ,1925
Cons, mort., gold, 5s............ 1988 i 0 2 ”
Roch. & P ., 1st, 6 s................1921
Rock. & Pitts.—C on s.lst,68.1922
W Va. A Pitts.—- *t», g., 58.-1990
98
H B. A 0 .8 . W., 1st, £ .,4 % s ...l9 9 0
Buff. A Susqueh.—1st, 5s, g .. 1913
97% 100
Burl.Ced. Rap. cfeNo.- 1st, 5s. 1906
Monon. River, 1st, g., g. 5 s.. 1919
...... i Coneol. <fe oollat. trust, 5 s.. 1934
Cent’l Ohio Reor.—1 st,4% s. 1930 ”98%
! Minn. A St. L.—1st, 7s, g u ..l9 2 7
Ak.&01 l J line.—lst,g.5a,gu . 1930
! Brooklyn Elevated—2d, 5s\. .1915
4 1 % Ced. Rap. I. F. A N „ lxt.68.1920
l«r.
...
*99.1
1 Seaside A B.B.—lRt.v.5s.gn 1912
68 i 1
Bid.
Ask.
96% 98
123
120 121 * "
107
103
103
101%
i'07%
THK
'H 2
O H K oN tO L h
,'it.W t 'j u k STOCK. UXoHA.Nub M i m ^ I X A C T I P E
aKCOtUTIE*.
B id.
Ask.
SECURITIES.
I VOL, 1. X1V.
BONDS—f ContinuedJ -A P R [L ‘2 3.
Bid.
Ask.
SECURITIES,
Ask.
Bid.
Northern Paoiflo—
gvane. A T .H .—l«t, c o n s.,66.1921 104%
8 t.P»ill A N . P.—Gen., 6 s ..1923 T 27 128%
75
1»r, general, g., 5 s ................ 1942
' ........ S3
0 * » t «H . * Bank- -C o l.
N orfolk A South’n—1st, 5B ,g.l94 l 105 107
WLYerncn 1st 0s....................1923
O tau By* ot O M .-U U S-. 5*-•*&}* . . . . . . . m %
Norfolk A West.—G eneral, Of.1931 116
S o l Co. Br. 1st, g „ 5s.......... 1930
88>e a e*.
1st, pr*t. incom e, K S*
--.
New R iver 1st 6s . . . . . ..........1932 115
it*1 ;........: E mns. A Indian.—1st, c o n e ..1926
*
Sd, ptvi. income. it., i f
Im p. A E xt., 6s.......... ...........193-i
Piint A P. Marquette—
Cent. o f X, J-—<-Viin
M .1W B
O
114
Col.Conn.A Ter..lB t,gu.g.5s.l922
i?3«» 102 % M o re , 6s.................................. 1920
Ob i .
I w o t V ^ -ills
84
81
Ohio A Miss.—Consol, 7 « ........1898 10i-%
let, con. gold, 5s....................1939
Ext. I S«. *crle* i B C B - I f 9* 101 Vs;.......
2d consol. 7 s .................. ....1 9 1 1
Pt. Huron Div.—1st, 5 s -----1989 *73%
Gold i t , -erica E ...............- l g » 101 ig
Spring.Dlv.—1st 7s..... ..........1905 105
n a , Cen A P e n .- ls t g. 5 b. . . .1918
S*e Joaquin Br . , 6 s ...* ..-.—1990 101
General 5s............................... 1932
1st con. g., 5 s .........................1943
*»«'«. gold .............................1222
46%
Ohio R iver R R .—lBt, 5s.......... 1936
Pt. Worth A R. G.—1st g., 5 s ..1928
■9 7 ** 99
Land gr»E>, 5s, g ..........— -J5V2
104%
Gen. g .,5 s ............................... 1937
Oai. Har. A Ban Ant.- 1 s t , 6 e .1910
Cxi- * O. $ v , , e xt., g. 5 s . ..1918
54
Omaha A St. Louis.—1st, 4 8 -1 9 3 7 "50
2d mort., 7 s............................1905
# M t. Pacific—Bonds, 6 « .. . . 1899 102 103
Oregon A Califor.—1st, 5s, g.1927
Ga. Car. A iSor.—1st, gu. 5s, g-1929
Wo. Hxiiwxy tC a M -ls t.6 s .1 9 0 7
Penn-P.C. G. ASt. L. Cn. g.4%s A1940 108% no"'
Honsatonio—Cons, gold 5 b— 1937 124
87*3
60-TB*I 5*............................193e
Do
do
Series B 1942
N . H avenA D erby, Cons,5e..l918
C ta t W sa h ln g ton -lst, |.,J*-1938
Do
do
Series 0 1942
Houe. A T exas Central—
105
Coe*. A O .-P n r . M. fund. 6S.189S
Do
do
Series D, 4s, 1945 IOO 102
W aco A N. 7 b......................^ 19 0 3 125
Ortde V.%il0T—l8 t, g.» 5 s , - - .1940
P.O. AS. L .-lst,e. ,7 s ................1900 *109
l e t g., 5s (lnt. gtdi................ 1937 110
w \TW 8pr. V*L* la ? . g* &b.. 1941
Pitts. Ft. W. A 0 ,—1st, 7 b... 1912 137
Cons. g. 6e (lint, gtd )............ 1912 TOO 104
99%
K ilt L.A Big S a n d y -u . Sa.1902
2d, 7 s .......................
1912 *136
101
Debent. 6a, prin. & int. gtd.1897
Ch •*. O . a Bo , W M l -W t 6*, g -1911
3d, 7 e .................................... 1912
Debent, 4a, prin. & int. gtd.1897 "95
M , 6# ...................... .......1 9 1 1
C h.S tL .A P.—1st,con.SB.g...1932 i ’i T
Hllnoie Central
Oa. V. b im i.w n .lo t . gu.g,56.1933
112
Olev. A P .—C ons.,8. Id,, 78.1900 1 1 2 % 114
is t , g., 4 s................................ 1951
C# c*go * AItoh—8. E., 6 s . . . . 1903 115
Gen. 4% s, g., “ A ............. 1942
1st. gold, 3 % s ......
1951
Loat>. A Mo. River—1st, 7*.1900 iio * s
102"
Do
do
Series B 1942
Gold 4 s . . . ..................
1952
id . ....................................... * 9 ° ° 109 >s
1 0 0 % 8t. L .V . A T . H.—1 s t ,6s „ 73.1897
2-10 g „ 4 s............................... 1904
SV L. Jleke. A C M e.-2cl, 7S.1898
2d, guar., 7s________
...1 8 9 8 102 %
Cairo Bridge—I b................... 1950
Mlee.fi. Bridge—1st, e. t„S s.1 912 102*v
G d .& A L E x t —1st,4%s.G.g. 1941
Bpringf. Div.—Coup., 6 b-----1898
Chie Burl. A Nor.—le t, 5s . . . . 1926 1011*
AIleg.Yal.—Gen., gu., 4s, g.1942
Middle D i v —Reg., 5 b.......... 1921
Cato. Barling. A Q.—5s, e. f.-190 1
N.&Cm.Bdg., gen.gu.4%s.g,1945
O, 8t. L. A N . O .- T e n .l.,78.1897 104
l o v e D tv .-S ln k . fon d , 5 s ..1919 105 105%
110
Penn.ER.— 1st reaL eat. g. i s .1923
98
1st, ooneol., 7s.....................1897 104
99
Sm.1 Tig lan d, 4 s............
1919
Cle.A M ar'ta—1st,gu.g.'4%s. 1935
121
Gold, 5s, co u p on ................ 1951
•S e ll',* # ............................... 1921
’
D. Hlv.RR.ABdK—lSt,gu.g.4a.’ 3U
Momp, D iv., 1st g. 4 s ....... 1951
CaU-iure A Iow a Div.—5s— 1905
Peoria A Pek. Union—1st, 6 s .1921 113
B ellv.A So. D gu., g., 4% s.l897 *97%
EL,
Cato. A Indiana Coal—l e t 58.193b
77
2d m ortg,, 4% s.......................1921
Ceil. Falls A M in n .-ls t , 7s.. 1907
Cat. Ml!. A S t.P .—lst,8s,P .D .1898 105
Pitts. Oleve. A Tol.—1st, 6 b.- 1922
Ind. D. A 8pr.—1st 7 b, 1906, trust
2d, 7 3-10e, r . D ................... 1898 129
Pitta. A L. Er.—2 d g .5 s .“ A ” . 1928
130 132
rests., e x bon ds.............................
Ind. Deo. A W.—1st. g „ 5 s ..-.1935 101 102 % Pitt*. Mo. K . A Y.—1st 6s.......1932
let, I. * f t .,7 a .......................1897 130
80
Pitt*. Painav. A F —1st, 5 s ..,1 9 ie
Ind. JOls. A Iowa.—1st, g, 4 s ..1939
let. 1. A D-, 73.......................1899 130
Pitta. Shen, A L. E .—
1st, ext., g. 5 s.........................1943
let ,C. A M., 7 s .......................1903 ‘ 133
1st oonsol. 5 s . . . . . . . . . . . . . . . . 1 9 4 3
31%
134 136
Int. A G. N’n.—3d, 4s, g .........1921
30
le t, r. A D ,E x te n s io n ,7 e ...l9 0 8
Pitts. A w est.—M. 5s,g.X891-1941 ........ .........
42
Kings Co.-F. El.,1st,5,g.,gu. A. 1929
40
1st, La t , A D a v ., 5a............1919 111 %
Pitta.Y’gat'nAA.—1st, 5s,con. 1927
'6' Lake Erie & W e st.-2 d g „ 5 s .1941 101% 102
l i t , H .A D., 7 s ..................... 1910 128% i'3
80%
Reading Co.—Gen. g., 4 s ....... 1997
North’n Ohio—1st, gu. g. 5s.l945 101 102
l i t . H. A D „ 5 b..................... 1910 109
R io Grande 80.—1st, g., 3-48.194C
120%
L. 8. A M .Sou.—B.&E.—Now 7 b. ’98 103%
O iieago A Pacific D iv ., 6 8 -1 9 1 0
St. L. A. A T. H,—Term. 6 8 -1 9 1 4
D e t M. A T .—1st, 7s.............1906 .....
Mineral Point Div. 5s . ......1 9 1 0 106 109
Bellev. & Car.—1st, 6a......... 1923
Lake Shore—Div. bonds, 78.1899 107 107%
0. A JU Sop. D iv,. 5g.............1921 110% 112%
Ohi.St,L.APad.—1st,gd.g.oe 1917
Kal. A ll. A G . R - l s t g u . 58,1938 114
rargo A Soath,, 6a, Assn....1924 107
St. Louis go.—1st, go. g. 49.1931 I k T*
Malion’g Coal S B .—let, 5s. 1934 116
lao. eonv. sink, fon d , 5a___ 1916
do
2d incom e ,58.1931
97
111
LehighV.,N.Y.—1st gu.g.4%s,1940
94
Dakota A S t. South., 5 s ....1 916
Oar. A Shawt.—1st g. 4s-----1932
Lehigh Y.Term.—1st gu. 5a,g.l941 107% 109
MIL A Nor. main line—6s. ..1910 119% 120
Bt, L. A 8. F.—2d 6a ,g „ ol. A .19 0t i 'i T * l i e "
Lehigh V ’y Coal—1st 5s,gu .g.l933
Dale. ANorw.—30-year deb.5e.1921 109
2d, 6a, e., class C .................. 1906 114
92%
Lehigh A N.Y.—1st, gu. g. 4s.l945
B 'eenaba A L, 6. le t, 6 8 ....1 9 0 1 111
1st, trust, gold 5a............... 1987
£Im iraC .A N .,lst.g.l8tpf.6s.l914
D« M. A Minn.—1 s t,7 s . . . .1907
Ft. S. A V. B. Bg. —
1st, SB... 1910 *200
Guar., gold, 5s....................1914
la v a Midland—1st, 8e.........1900
St.L. Kan.AS.W .—1st, g.,6a.l916
U tehf. Car. A W est—le t 6s. g.1910
Uhio. A M ilwaukee—le t, 78.1898 104
St. Paul City Ky, c o n . 6s, g .-1 9 3 7
130
Little Rook A M.—1st, 5s, g ..l9 3 7
Wit. A 8t. P .—2d, 7s............ 1907
G old 5s, g u a r ........................1937
Long Island—
Mil. A Mad.—le t. 6 s............1905 105
St. Paul A Duluth—1st, 5a___1931 • i'o T '
1st, 7 s ........................
1898 106
Jft. a P. A 8t. P . - l s t , 5a. 1909 107%
2d m ortgage 5a.......................1917 *101 105“
85
Ferry, 1st, g., 4% s................ 1922
83
Sorfhern 111.—1st, 5a.......... 1910 107%
St. Paul M inn A M.—2d M, 6s. 1909 120
Mil. L. 8.AW’ .—C on,deb.,5a.1907
Gold 43.................................... 1932
Mtnneap. U nion—1st 6s . . . 192'/
N. Y. A R ’way B .—1st, g. 58.1927
98
Mick. D iv., 1st, 6»..............1924 ■ i a T
M oat. Can.—1st, guar,, 6 8 -193 7 m i
Ashland Division—1st, 6a 1925 -1 2 8
2d m ortg ., in o_______.....1 9 2 7
35
42%
l e t guar. g. 5a..................... 1937 105% 107%
N.Y.B.AM.B.—1 s tOOn.5s,g, 1935 *105% 1 0 0 %
Oh. B. LAP— D .lt.A F .D .lst4 s.l9 0 5
East, M inn., 1st div. 1st 5s. 190* 100% 107%
62%
B rookl’nAMontauk—lst,6s,1911
let, 2%a................................1905
W*'n arA SiouxF.—la t,g ,5 a .l9 3 r
1st, 5 a .................................. 1911
Extension, 4 s .....................1905
San Fran. A N . P.—1st, g „ 5».191SKeokuk A Des M .- l s t ,5 e ..l 9 2 3 i.02% 104
No. Shore Br.—l8 toon .5 s,g .l9 3 2
Sav.FL&West. -1 st. con. g.Gs.1934
131
L oui8.B van s.A 8t,L .~ Con.5s.1939
31
Chic. Bt. P. A Minn.—1st,6 » ...1918
Seaboard A R oanoke—la t, o s .1926
Louis. ANash.—Cecil. Br. 7e..l9 0 7
110
et. Paul A 8. O.—1st, Os....... 1919 i ' 2'9 13U
45
9eat.L .S.A E a8t.,lst0s,as-,t.pdl931
E. H. A N ash.—1st 6s, g ___ 1913 114%
Okie. A W. la d .—1st, a. f., 6 s .1919
10d
Southern—Ala. Cent., 1st oa. 101a
119
General m ortgage, 6 s ;......... 1932 i i 7
Pensacoia Division, 6 s___ ..1 9 2 0 *100
Atl. A Char.—Incom e, 6 e ... 1900
St. Louie Division, 1st, 6 s ...1921
Chic. A West, .Mich.—5 s.........1921
Colum. A Green.—1st, 5-6s. 1916
Din H im . A D.—C o n .e .£., 7S.1905
2d, 3s.................................... 1980
Si. Penn. V. & Ga.—JDivis.os 1930 113
M , gold, 4% s..........................1937
Nashv. A Decatur—l8 t ,7 b. .1900 107
Rich. A Dan.—Eq. 9. £. g. 5a_190S
Cln. D. A Ir'u—lat,g u . o s ,g .1941 110 111
n. L ,6 e .-S . A N . A la.............1910
Deben. 5s, sta m p ed ......... 1927 *85“ 106"
Olev. Ak, A C ot—Eq. A 2d 6e.l930
50-year 5s, g ...........................1937
99%
"72*
V ir’a Mid.—Serial ser.A, 68.1906
CiBV.ACaiu—•rr.otfs.Iorlet5B.1917 "da
PenB, A A t . - 1st, 6 b, g o ld ...1921
100
Series B, 6 s ..............
1911
U 0 . C. A 81. L.—Gen,, g. 4 s.. 1993
Collat. trust, 6e, g ..............1 9 3 1 *99
Series 0 , 6 a . . . ...........
1916
" 96 *
Cairo division, 4 e..................1939
L.AN. A M.AM.—Ist,g.,4% sl945 *104%
Series D, 4 - 5 » ......................1921
StL oa-D iv.—Istool.ts't4s,g.l990 * 9 5 %
Nash.Flor.AS.—1st, gu., 58.1937
Series E , 5 s ....................... .1926
8rrlng.ACol.Dlv.—1st,g. 4e. 1840
Kentucky Central— is , g_ . 1987
85
Series F, 5s.......................... 1931
ft hit«W.Val.Dlv.—lst,g. 4s. 1940
L .& N .—Lou.O.&L.—g.4% 8.1931 *106
.........
Gen,, 5s, guar., stam ped .1936
Otn.Wah.AM.Dlv.—I8t,g.4s.l991
95
Lon. AJeil, Bdge Co.—Gu.g,4s. 1943
Waeh.O.AW.—1st cu r.go.48.1924
tin. I. St.L. A C .-la t ,g .,48.1936 101 %
Lon.N-Alb.ACh.—Gen.m-g.5a.1940
44
—
Ter. A e'n o f St. L.—1st, 4%s,193S 108
Oansol .8 s ............................... 1920
Memphis A Chari.—6s, g o ld ..1924
lat, con. g, 5a.............. 189-4-1944 10 6
On.8iui.ACl.—C on.l»t,g.5e, 1928 112 11T
M exican Cent. Consol.—4s, g.1911
Indiana B. A W,—le t pf.7e.190t 108
St.L.M er.Br.l'erm.,g.&s,gu..l93u
1st, oons. incom e 3s, g.........1938
T exas A N ew Orleana—1st,7 ii.1905 .......
Ohio tnd.AW.—l»tp re f,5 »..1 9 3 6
M exican National—1st,g,, 0s. 1927
Baoine D ivision, 1st, Os....... 1912
10
Peer. A East,—Incom e 4a .. 1990
2d, incom e, 6e, " A ” .............. 1917
Consol. 5a, g ------------1943
C, Col O n . A in d .—1st, 7s,s.f.l899 109 110
2d, incom e, 6s, “ B ” . . . ........1917
Tex. A P ae„ S . D.—1st-, g. 68.1905
OossoL sink, fund, 7e.......... 1914
Michigan Central—6e.............. 1909
Ctn.ABpr.—lst,aO .C .& I.7 s.l901
Third Avenue (N .Yj.—la t 5a, 193' i'2 2 %
Coupon, 5s............................... 1931 *117
70
75
X\AO.O. —Kan. A M ,, Mort. 4S.1990
100
C lem . Lorain A W it—1st, 6g .l93 3
M ortgage 4a............................1940 103
50% 60
O . r e A Mali. V .-G o M . 5 s ... 1938
Tol. Peo. A West.—1st, g., 4S.I917
B at, C. ABtrgi B • t,3 s,g . gu. 1989
. -la
102
Ulster A D el.—1st, con.,6„58.192t:
Usi. Lack. A W .-M o rt. 7S ....190 7 125
Minn. A St. L.—1st, g. 7 s .'.....1 9 2 7
4
8rn». Bing. A N .Y .—1st, 7S.1906 123 125
Iowa Extension, la t,7 s .___ 1909
123% Union Paoiito— lat, 6a . . . ___ .1896 102 IO8 J
Mot ri <A .Cssox—le t, 7 s ....1914 144
la t, 6a....................................... 1397 102
Southwest E xt.—1st, 7s.......1910
Bonds, 7 *...................
1900 110
la t, 6a..............................
1899 10^
Faciflo E xt.—1st, 6 a ............ 1921 121%
90
m
7* o f 1871............................1901 112
Collateral Trust, 6a...............1908
M o.K ,A T ex.—1st, ext., 5s, g.1944 ‘ 75
90
1st, con., gaar., 7e............ 1915 144
Collateral Trust, 5a.............. 1907
Mo.K. A T.of Tex. 1 st.gu, 5a.g.1942 72
A'-.nvii '2 d , 7 s ..................... 1900 109
Kansas Paciho—le t 6a, g . .. 1895 1091% 111
Kansas City A P., 1st,4 s ,g ..1990
71
D.
& H .'ati.—Pa, Div.,otrttp,78,1917
141%
lat, 6s, g ............................... 1890 ll3 ° a 114^2
Dal. A W aco—le t ,5 s , g u .... 1940
76%
A lb a n / A Sttsq —let, gu. ,7s. 1906
0. Br. U P , - F . o . , 7 s ........... 1895
Missouri Paolile—Trust 5 a ...1917
ist.e a c * ., gnar., 0 s .......1 9 0 6 i ' l T 117
Atoll. Col. A Pao.—la t, 6 s ...1906
le t ooib, 5e, g .........................1920
50
Hors. A Bar, ' 1st :oup., 7e.l921 140
Atch. J. Co. A W.—1st, 63 .-1 9 0 5
Bt L.&I. fd.-A rk.B r., 1st,7S.1895 103 106
L vov. Tratrway—Cons. 6s, g.1910
U. P. Lin, A OoL—l s t ,g „ 5s. 19X8
M obile A Ohio—le t ext,, 0 8...1927
M*tt&i-.>L Ry.—l»t,gtt. g .6a .l9U
Utah A North— 1st, 7s........ 1908 115
8t. L. A Cairo—4s, guar....... 1931
Do tv . A B. a .—Im p,, g „ 5s. ..1928 ♦ 80
Gold, 5 s ....... ....................... 1926 100
83
Morgan’* L a . A T .—1st, 6 s ....1920 114%
Det.M. A M .—L. g. 3%a,ser.A,1911
75%
Utah Southern—Men., 7 r -1 9 0 0
21
18
let, 7s.........................................
124
D»t. A Mac 14—1st lien, 4s,g „ 1095
75%
Extern, l e t ,7 a .. . . . . . . . . . , 1 9 0 9
Nash. Chat. A 8t. L,—2d, 6*..1901
i s , g o ld ............ .............. .'...1 0 9 5
Wabash—
N, O, A. No. a .—P r. L, g., 6 s..1915
E rls—let,extended* 7 s ...........131.7 1 0 3 % 1 0 6
Debenture, Ser. A ...............1939
N, Y. Central.—Deb. g. 4 s ....1 9 0 5 104%
2d, extended, fss.......... ..........1919 1 1 7 % ..
17
Debenture, Series B ............. 1939
121
N .J . Juno—Guar. 1st, 4 s . ..1986 103
34, extended, 4 t s , ................ 1023 112% 1 14%
89
Det. A Ohio. E xt. lat, 5s, g .1940
87
Beeoh Creek—1st, gold, 4 s . .1936 108 109
» « , e x t * a k ; , 5 « , ..................... . 4 9 2 0 110 % 119%
8t L.K.O.AN.—St.C.Bdge8a.l908
Oevr. A Rome—2 d ,5 s ,g .,g u .l9 1 5
Stfl, e x te n d '!!, As— .............1928 101%
48
West N.Y.& Pa.,geu.g, 2-3-4a .1943
U tica A Bl. R iv .~ Is , g., gu.1922
1st, 1on., g., r d , 7e .............. 1920
13
Incom e 5s............................ ..1 9 4 3
N, Y. A Put.—1st, g., 4s. gu.1993
B. t . V. A K.—let, 7s.......... 1916 i '3 7 % 1 3 8
West. Va. C. A Pitta.—1st, 6a.1911
N. Y. N. H. A H .—1st, rev. 4s. 1903
B iU .4 8. W.—M olt*. 6 s . . . .1908 101 %
91
Wheei.AL.E.—1st. 5a, g o ld ...1 9 2 6
N. Y. A Northern—1st, g. 5*..1927 119% 121
/ » fl-rso .—1st, g t. k 5 e ___1909 106
W heeling Div., lat, 5a, g . . . 1928
N, Y. Snsq. A West —2d, 4 % s.l9 3 7
72
Oral A < !R .-6 * ....................1 922
Terminal, 1st, v. 5a..............1943 107
Extension A Im p, g., 5s.......1930
Dock t " (■' . i t g f ■ y !' >»! :i '105
Wilk.A East —lst,.atd.J .r,s.u u a
g
" i'■ nv ■1:i
----Wiilt.A Easi,— lst.aM..4r.5s.UU2
___ 90
Wla. Cent, inootnn 5a ______ -. 1937
(Via. Cent.inooirn* 5 a
rri-iaj ; lhM« atf the Utest, quotations mad® i Ida wooff, p a r • llv -i'iia u c u ii* H o m ix —See 3d page preoa.tniv
iao"
io
i'%
THE CHRONICLE
A pril 24.
A B S T R A C T F R O M R E P O R T S OF T H E N A T IO N A L
c ’-y
jg l
1897.
( M aine..............
^ N. Hampshire.
% V erm on t.........
>* B oston.............
2 Mass., other ..
m R hode Island.
C onnecticut-..
[ Total D iv .N o.l
( New Y ork City
I Brooklyn.........
A lb a n y ...........
5 N. York, other
m New J e rse y ...
g Philadelphia..
"• P ittsb u rg .......
8 Penna., o th e r .
[ Total Dlv.No.2
-3
( D ela w a re .......
1 Baltimore . . . .
Maryland, oth.
2 W ashington...
2 Dist. Col., oth.
M V irginia..........
| West Virginia,
i Total Dlv.No.3
2
C a p it a l.
6
265
102
41
30
351
849
18
22
46
13
1
36
33
169
S u r p lu s .
O th er.
In d iv id u a l.
$
14,886,769
8,654,457
8,326,656
108,918,684
78,103,722
19,189,999
35,019,057
273,099,344
$
196,522
175,055
37.921
183,150
92,579
99,521
231,743
1,016,491
$
$
21,729,021
933,037
10,511,584
417,212
ll.S 4 5 .6 2 9
489,754
156,616,232 7,148,717
105,546,136 3,198.479
34,607,749
692,271
44.865,562 1,987,812
385,721.913 14,367,282
49.600.000 43.152.000
1.352.000
2.350.000
1.550.000
1.398.000
31,819.040 10,999,197
14.395.000
8,165.700
21.915.000 14.653.000
12.300.000
9.643.263
40,824,190 20,672,828
173.755,230 111,033,W9<
297,028,713
17,576,775
6,771,201
86,821,204
51,837,309
98,075,950
34,623.616
110,187,267
702,922.035
1,137,675
987, h 1 i
4.923.000
1,637.220
1.422.000
4,364,988
23,489,742
9,494,074
13,293,488
893,410
13,568,689
7,437,920
72,542,311
355,1 I n,228 59,935,129 9.431,350
823,140
11,499,447
285,000
465,711
7,160,017
304,500
89,090,553 3,980,616
529,170
49,512,904 1,817,558
255,100
89.429,933 6,937,758
177,900
41.804,854 3,161,653
381,660
108.377,446 5,541,914
450,520
751,993.38* 82,663.479 ll.bln.^O O
143,924
5,124.614
15.000
29,529,438 1,865,234
626,590
357,226
9,722,706
20,390
854,95'
7,975.45b
637,570
52.000
134.761
623.106
669,02'
26,650
14,879,392
417.892
39.220
8,315.210
76,169.92* 4,443,01^ 1.4 17.420
2,133,985
13,243,260
3,811,700
3.075.000
252,000
4,696,300
3.451.000
30,663.245
1 0 0 ,0 0 0
2,848.475
853,892
12,772,498
2 0 0 ,2 0 0
50.000
472.037
268,698
198,340
199,962
299,050
2,826,012
50.000
216,118
50.000
74,843
603,782
96,301
1,091,044
f N orth Carolina
29
2.911.000
774.943
199,977
5,407,126
1 8 outh Carolina
15
1.823.000
761,330
150.538
4.207,956
j Savannah.......
2
750.000
225.000
95,542
549,181
Georgia, oth...
28
3.266.000
1,016,221
6,883.344
32,519
J F lorid a ...........
15
1.150.000
458,050
75,029
3,740.063
d Alabama . . . .
26
3.355.000
615,396
6,885,521
93,257
J M ississippi___
10
381,100
855.000
2,823,851
New Orleans..
7
2.300.000
2,285,00'
14,763,970
3 Louisiana, oth.
12
860.000
3C2.700
2,289.819
J H o u sto n ........
5
1.150.000
546,800
50*000
2,464,306
g Texas, o th er..
198 19,035,000
4,696,075
30,705,406
299,38'i
I A rk a n sa s.......
9
1 .2 2 0 . 0 0 0
301,111
1.980,018
6
J Loniavllle .. ..
3.350.000
694.000
499,849
4,307,095
e9
1 K entucky, oth.
9,232.900
2,616,732
10,732,366
715,239
_ 49
_
1 Tennessee.......
9.275.000
1,849,390
273,837
17,077,743
1 Total Div.No.4 480 60,532,900! 17,583,848 114.817,766 2,4s5,b74
1 C lnom natl___
13
8 ,0 0 0 , 0 0 0
2 .6 8 O.U0 0
18,092,434
847,263
• Cleveland . . . .
12
9.550.000
2,066.000
20,753,080
59,912
2 Ohio, other . . .
222
27,530,100
8,074,345
58,163.480
503,392
5 Indiana...........
113 14.262.000
4,691,828
30,290,511
207.853
2 C h icago..........
20
20.400.000
8,444.400
60.581,513
530,828
6 Illinois, other.
198 17.521.000
6,509,17 m
40,939.845 1,065,758
• D etroit............
b
3.600.000
618,000
9,733,130
300,83»
a Miohig’n.other
83
9.259.000
2,7 Hi,85
25.216.833
101,206
• M ilwaukee___
5
3.250.000
53 L,000
15,750,272
392,654
$ Wisconsin,oth.
76
7.195.000
1,848,712
19,616.379
139,709
1 Total Div.No.5 748 126,567,100 38,245,318 299,137,477 4.149,433
f Des M oines...
4
800,000
236,000
1,327,589
Iowa, o th e r...
159 12,025,000
2,835,333
22,384,256
1 0 l , 1*22
St.Paul&Mlnn
12
8.800,000
1.531.000
14,445,316
518,643
‘ Minnesota,oth
61
5.450.000
758.160
14,602,080
50,000
5 8 t. L o u is____
8.700.000
1.740.000
19,561.754
524,903
• 8 t.Jo.<feKan.C.
10
4.150.000
663.500
11.525,673
156,339
J Missouri, otli’r
4y
3.665.000
731,261
7,052,858
« K an sas...........
112
9,352.10<i
1.389.293
16,217,415
330,83*3
J Ornah
Line.
11
4.600.000
8,594.042
360.500
415,930
. Nebraska, oth.
99
1,165,427
6.275.000
8,113,570
; North Dakota,
26
1 ,6 . 0 . 0 0 0
334. n o
3,848.033
j South Dakota.
1.720.000
31ft,900
3,817,199
149,397
( Total Div.No .6
577 67,1*7, lOO 1'2,ut,U,-l74| 130,380,785 2,247,167
( Nevada ..........
1
1.900.000
8,000
173,895
• Ban Francisco.
2
2,500,000! 1,475.000,
5,610,140
99,375
2 California,oth.
29
5,025,000| 1,059,4501
10,429,912
142,815
® O regon............
33
3.170.000
572,0891
7.444.283
378,243
£ W ashington...
36
4.628.000
824,845
7,515,651
47,468
“ Total Div.No.7 1 0 1 15,30.3,000! 3 ,9 39.3 -4
31,173,-81
667,901
( A m o n a ..........
5
957,930
400.000
43,6o0
• C olorado.. . .
43
432,74u
24,938.980
5,887,000! 1,3 j 2,969
?
• Idaho ..............
10
1,724,987
600.000)
245,879
49,679
• M ontana . . . . .
22
66,529
2,705,000
399,820
8,888,495
3 New M e x ic o ..
6
1,985,149
600.000
98,100
172,609
• Oklah’a & I. T.
14
1,449,287
760,000|
180,050
5 U ta h ................
11
2,767,562
1,900,000;
394,668
124,676
© W yom ing.......
11
1,924.973
860.000
119,77ft
1 Total D lv.N o .8
122
816.233
13,712,000
2,865,111
44,637,363
Resources.
•lOiOl....... .
Bis forcirc.
Oth.U. 8. bds
Btka.bds. See,
Duefr.bands
Real estate .
G.coln Sc ctfs
Sll.coln&ctfs
L.tend notes
U.S.ctfs.dep.
Nat.bk notes
Cl’r'gH.exch
Oth. res’ces.
Totals......
1,140
2 ,0 0
"
1,480
>0
38,160
1 >,50
121,800
7 0
66,350
131,250
2 ,0 0 0
5,000
2 9 ,* 7 '1
124,75 ■
53 d, l
21,26o,a33|
965,33t
26,531,183! 1,4)6.027
65,056.070 3,778,615
31,274,743! 3,640,272
75,777,845! 13,473,278
42,517,096 2.666,994
13,597,095 1,233,965
26,199,449 1,511,518
13.891,223! 1,664,846
18,969.849 1,491,903
335,075.486 31,916.577
2 <2 - i
237.750
142.180
161,560
2,169.7o0
275.850
13,260
45,220
78,Oo7
1,986,374
27,316,392 1,445,378
19,245,522 2,854,131
13.259,726 1,101,923
25.323,237 2,092,203
14,882,741
996,807
340.092
7.358.229
17,953,190 1,017,695
9,372,960 1,621,765
11,185,204
520,696
4,169,237
238.510
2,946,003
321,708
154,y»n .3l4 12,028,915
S ilv e r
L eu . te n d ’ r 8
T r e a s u r y < £ 0 8. e fts
certifica tes d e p o s its .
$
$
115,833
97.117
281,194
95,058 114,757
266,742
80,703
46,900
261,350
231,600 2.263,937 7,757,460
584,405 678,130 2,296,192
172,970
128,989
633,448
214,543 395.946
777,935
1,451,131 3,774,7.1/ 12,274.321
5 13,398 5,0t>2,33o 89,518,014
72,475 602,340 1,386,888
42.337
3\ 00
244,438
580,464 495,226 2 626,052
301,n64 92-,978 2,049,470
505,206 4,523,175 13.561,438
431,327
626,460 2,037,135
975.•'46 1,378,0-7 3,786,755
3,422." 1 - 136 v2
11 5.13 790
124,51*
60,3 m/
1307094
144,021 1.436,400 2 , 2 s 0 , 0 1 2
74,099 189,497
361,499
7
42,598 L. -97,8 >
632,131
104,755
4,036
2 0 ,. Is
202.065
136,43;
718,000
75.5 V
7 139,7*4
434,063
527,0* 3,593,»2* 4,611,017
1 2 1 ,.iu.
59, do7
189,015
123,47
51,d29
306,224
77,431
23,700
60,000
154,4*6
178,197
556,692
5o,156
67,081
376,252
2 11,4*9 103,907
378,738
19,166
-1.757
206,767
195,155 993, s94 1,718,781
136.740
94,240
90,026
83,9 1 153,625
710,775
907,^69 554,837 2.579,253
4^,887
36,50 *
93,030
56, ^38
402,834
118,143
n o , 6 fi
417,714
291.121
599,352 1.733,778
2,622,.
3',0* o , oom 9 ,-29,8 79
77,084 511,488 2,976,794
114,3.1
113,313 1,056,600
533,284 337,6*2 3,467,886
3 15,04t
277,511 1.747,111
334,416 2,664,132 15,274,711
4*9,03:
391,330 1,961,319
155,55* 113.518
536,584
206,263 182.685
734,368
42,858
102,932
825,296
159,999 142,148
608,974
2,*«7.w 9 4 ,8 9 1 .9 /9 29.18",643
2.0 4o
135,350
11,300
16.380
182,480
53.020
10.990
31,200
29.020
11,500
11,260
1.000
496.0*0
178,560
6,927,641
10,021,031
6,405,291
6,781.576
30,314,099
15,158
2,386,470
2,286.985
2,158,910
1,41-2,129
8,259,648
63u,4-.
18,368,330
1,168,450
7,362,309
1.394,285
1,331,393
2,591,091
1.845.008
34.691.355
195,831
3.980,411
267,424
851.014
108,118
55,195
681,848
166.707
6,306 548
24,460
3.362.7*0
21,864
26,4 16
242,058
256,503 234,697
946,897
155,203 362,827
703,067
130,633
91,144
431,499
55,468 1,7*1,908 6,062,097
159,019 490,120 1,293,182
80,757
59.475
301,133
1*3,87
19o,86->
675,797
163,838 122,137
540,547
48,8b7
92,946
291,959
9,106
31,339
150,080
12,340
4 4 ,0 19
258,705
3 ,4 13,o6o 11,897.027
1,3s
2,205
3Lb
49,496
5,848
1,095
26,307
1 8 6 ,L75
19,650
50,863
102,952
13,043
20
12,903
31,723
10,390
115,813
103.610
76,921
30,06o
456,641
228.786
10,101
3,000
19.603
223,303 178,9*>8 2,053,138
89,^00
17,840
17, L74
370
93,101
13 l,o9 3 121,571
3,000
618,667
39,283
3.588
1,500
61,002
46.674
23,104
83,285
51,356
17,279
71.641
5,63c
24,986
5,149
67.922
544.636 36*.773 3 ,0 -8,3 59
loO ,45 "
19.725,3bo 12.779.5o5 32861562 186332852
V
Ml i f
9
WO
1°
i f
.©
I 3
3
a
Total
Other
Cities .
Reserve
Cities.
. .. 3.634 642,421.195'247,13<M)3all,668,218,381 15.329.965 1.898.00 •291 108579396
-ft
a
$
a
z i
£
i
ft
ft
1
|
1
5
<
ft &
s
X I,
ft
3
J: ?
7
•
3
c
ft
!
=
j
i
P
2
1
1
r
O
1
o
’i ! &
«
2
03
1
5 Q
**
jfw 'i Mil's Mil's Mil's] Mill's. Mil's Mil's AfU’s Mi MU's Alt Mil's Mil's Mil's Mill's. Mil's Mil's Aft. Mil's Mil'8 M il's Mil's Mil's MU'ns. M il'ns. MU'ns.
15 7 3 5 5 1 15 7-1 8 9 3 41 8 4 9 6 8*0 1*2 10*8 1*8 7*0 41*3 40*6 75*8 1 3 0 1 3 9 4*0 1 9 2 45*3 14*9 9 4 0-9 9 4 9
9 4 9 1 ,8 9 8
ii
20
*9 *2 1*0 4*9 1*5
1*2 1*2
•
7
•
4
8-2 5*1 3*t
• *1
9
*0
*2
•
8
00
100
'0 1*0
*7 •
3
asa
*8 1*7
•
7
•
5
•
1
*5
•
3
*3
•
1
*1
6
•
3
• *1
5
•
0
*5
*1
10
14
*4
•
ft
*7
30
8- 3 7
• 3*3
5
•
9
0*0
*7
*2
4*7
*8
9-5 4*9 3*1 13 * 4*6 *1
1
*9
• *8 1 3 1*6
8
85
113
198
10 3 0
• •109 4 1 0
9
2-7 4*8 45*3 7*6 5*8 3** *2 4 0 15 4*9 8*0 7*9 ae-3 5-3 5*5 *8 0*3 10*0 7 0 3-0
445
*2
*6
*8
1*4
*4
3
*7 *2
• 1*4
0
*3
4*9 3 8 4*3 1*2 1
*2
00
15
■1
*2 *2 1*2 1*1
41
107
*8 1*3 1*7 15-6 1 2 1*7 *1 4*0 4*3 1*0 1*6 4 4
8* 0 9
• *4
9
*8
7*1 3-6 4*5 1 5
147
61
11
188
*
1
•
0
4
2
*2
30
•
3
1
•
1
S O 1*1 1*0 1*4 •
l 1*2 •
*0
19
0
•
3
• *l
1
5 1-8
47
40
*4 4*3 1*1 14*8
«
"0
*5
1-4 1 )
*J
*2
4*3 4 0
■ * 1*4 *7
7 1
*6
*7 4*3 1*3
37
*8 •
2
S-4
119
*
6
4*5
*4
1-8
1*7
47
.... 11*2
67
1
08
i
3
*1
1*7
•
2
•
2
1
•
3
1*
*2
*3
*1 *
*2
*2
•
4
7
11
• •
1 1
18
•
1
-3
•
1
•
3
*2
3-8
•
4
•8
1
»• 41
•
0
*2
1*0
*3
*5 1*8
70
5
*1
•
1
7 4 1*0 14
75
*3 1*1
*2
*3
*
0
*2
•
l| 3*o 1 2
*0
*4
*8
*3
17
45
*6
*1
*2
•
1
*8
44
2 4 9 0 7 5 4 4 0 14*9 174*0(71*1 5-2-7 19 4 4*0 44*1 5*3 14-7 40*3 41*2 1 5 1 7 4 3 8 44*7 4 1 34-0 54-8 48'8 1 9 0 11-3 1 ,7 6 3 1 .6 8 3 3 ,4 4 6
8
1Total
T o ta is von
Reserve
Cities , Ac.
6.763.846
382,96b
lb8,453
5,385,880
15,006
1,237,270
375,o71
7,517,900
70,493
3,301.999
42 1.14S
6.095.228
2,292.585
74.491
10.932,332
752,251
2,459.799
69,35^
1,852,112
309,5235,754,748 2,097.52;
2,276,362
79,566
812,176
6,961,179
17,370,146
704,665
18.912,435 1,161.238
129,043.h2 o 7,493,932
$
18,050
3.060
23,270
1,251.660
197,840
98,320
376.100
1,968,300
S ilv e r .
S t. P a u l i
M neap, j
i/>
Total for D.
L o a n s <6 d i s G o ld a n d
G old
c o u n ts . ( I n c l 'g g o l d 0 . 3 .
T rea su ry
o v e r d r a f t s .) c e r t ific a t e s . c e r tific a te s .
$
2,679,740
1,385,098
1,579,188
14,950,325
15,126,630
5,048,129
7,860,296
48,629,406
$
83 11.171.000
50
5.830.000
49
6.985.000
55 50.750.000
212
44,277.500
57 19,337,050
82 22.391,070
588 160,741,620
49
5
B A N K S .H A D E T O T H E C O M P T R O L L E R M A R C H 9 , 1 8 9 7 .
D ep ot its .
>^•0
7H3
Liabilities.
.apltal........ 51
50
14
Surplus fond 15 4 3
4 3
Ondl. profits
0
17
•
4
Clronlation.. 10
•
8
17
Daetodep’rs 1 0 9 4 9 8 1 7 7
Doe to banks 57 4 5 0
•
5
Other llab a.
1*"-*»1*.
*19- 075- ‘*4*0
is
14*3 13*2 3*1 • 4*3 1*2
8
5
1*41 1A7 9-0 4-0 1*4 *2 4*3 •
• *1
8
*1
4*9 1*0 1*0
*3 *
1
• *1
8
*3j 7*2 4*0 4*7
• *
7 1
0*8 98*3 34*8 4 3 7 13*4 *0 14-8 4*5
9
ft 2 3 0 ■
4*0 j 48*0 8-1 7 0
*l|
*4
•
1
*2
1 0*4 **•0 •>/*•! 5 -a
r t-i
3-4 8*0 9 0
• 4*7 4*1
7
*2 1 1
*7
1*4 4*4 1*2
4*8 18*0 40*8
4 2 10 5 5-8
*7 1*6
14.-7 40*3 41*2
404
8-4
4*0
*7
01*1
58*0
*5
8
3 ‘0 3*3 • 8-8 8-7 4-1 4-6
*4
*0
ft *2 1*5 1 7
•
7
*2
*
1
*3
8
•
7
14
*
7
1*0
• 14
5
*5
*0 *8
10 0 10 1 1*3 14*0 4 0 1 1 1 7 9-0
8*2 3 9 14 0*3 40-2 1 1 3 4*1
•
1
*1
*0
*3
*1
151*7 43*8 4 f 7 4*1 .140 54-8
8 l« - o
45
1*5
1
*
1
5-7
14
437
110
37
57
814
490
0
405
044
131
447
50
87
140
403
8 7 1 1 .6 8 5
07
563
13
19
1 1-3 1.7 03 1.083 3 .4 4 0
794
THE
.
CH RO NICLE.
R oads .
J n u e s t n m it
R a ilr o a d
EARNINGS.
T h e fo ll o w i n g t a b le s h o w s t h e g r o s s e a r n in g s o f e v e r y
e : t s it r a ilr o a d fr o m w h ic h r e g u la r w e e k l y o r m o n t h ly r e tu r n s
c a n b e o b t a in e d . T h e first t w o c o lu m n s o f fig u r e s g i v e t h e j
g r o s s e a r n in g s f o r t h e la t e s t w e e k o r m o n t h , a n d t h e la s t t w o
c o lu m n s th e e a r n in g s fo r t h e p e r io d f r o m J a n u a r y 1 t o a n d
I n c lu d in g s u c h latest, w e e k o r m o n t h .
The returns o f the street railways arc brought together sep
arately on a subsequent page,
Jan. 1 to Latest Late.
Latest Gross E arnings,
I Weekor ,1ft)
ISO7.
S
i
20,571!
27,318'
62,-105
1890.
1897.
S
I
16.103!
23,900
54,308
436,183:
.
Adirondack....... F ebruary.
ju *. a t . sou th .. -<i * > a p t.
Ala. M idland ... February
Ala. *f» O.Tex. A Pao. June J
40.000
42.000
\ t)rl a N- E. tthwk Mch
21,000;
16.000
Ala. A VieStsb ttk w k Mob:
23.000
18,000:
VlrttieSh. a O tthwkMeU.
Allegheny Vul .. F e b ru a ry . 169,322; 171,823
27.174
23,091
A nn A rb or......... 2d w kA pr.
7.3 V2
- ,883
Ark. M idland... February . |
A teh-T . & S. Fe. February . ' !,192,900 2,203,951
114.630 127,416
A tlanta A Char. Jaauury...!
48.047
45.986
Atlanta A W. P. February .
14,472
14.481
Atlau. A lla n v .. 2d wk Apr.
AUautlo A Pin).. February . 302,260 291,299!
6,693!
5,402
A u gu stabourn. J a n u a ry...
17,5331
18,017
A nsiln A N ’ wesl February.;
31.800
28.024
Balt-Ches.A ATI. Mured..
Belt. 4 Ohio___March......... 2,100,467:1,918.268,
era u . . 2d wk trir
106 4 2 8
1 14 3 5 5
Bel. A O. Sou’ w, on irk Apr. | 106.428 : 114,355 1
50,025
Bangor dtAroost January...;
53,499
2,04 6
Bath A Hnm'suts J aauary... j
2,020
1.588'
B ir .it At'.untie March------ 1
2,085!
43,412
Brunsw'k&Weat Fettrnnry.!
37.828
Butt Koch. A l ’i ti 2d wk Apr.
50,5-10
65.880
37,473!
Buffalo A 8usu.. M a r c h .....
48.S5965.997:
Bar.C. Kap. A N. 2d wk Apr.
58,314
CanadianPaelhe '.M w k .ln r. JSri.OO*. 363,000
Oar. .Midland.. . March.
5,018
3,565
Cent, of Georgia 2d wk Apr.
75,816
73,903
Central of If. J . February . 848,939 821,549:
Central P a cific.! February .! 804,251; 880.249
Oharlost’nABav.t February J
63,913
67,873!
Cates. A O h io ..,. -2d wk Apr.: 216,234 190,394!
Chic. Bur. A G-U February. 2,769,4622.568.416
Chic. A Fast. 111. 2d wk Apr.
74,404
73,835
Chic. (it. W eit'u 2d wk Apr.
79,534
89,597
Ohlc.M ll.ASt.P- 2d wk Apr. 462,012, 548,385
Chic. A X ’ thW n, March....... 2,373,268 2,616.743
Ohio. A S o. P a o .,F e b r u a ry !
o o ,l » 9
70,556
Chie,P»-o.ASt.L. March.......
70.331 :
84,000
Ohio. K’k U P . , ' March....... 1,237,493! 1,275.661
Ohio.8t.P.M.AO. F ebru ary .
523,636 501,812*
Chic. A W. Mich, 2d wk Apr.
29,232
28.112
Choc. Ok.A G ulf February .
88,328 101,132
C lu -G a .*P o rte March.......
4.156
4,721
Ota J a ok iA Mac, 2d wk Apr.
13,478
14,032
Cln. N.O. & X. P. March....... 290.703 280,920
Ctc. Porta. A V . January...
17.632
21,553
Cler.Can, A S o .. 2d WK A p r.: 13,375
13,617
CLClu.Ch.ASt,L!2d wk Apr.: 226,038 239,101
Peo. A Baat'a. February . 137.249 139,490
CLLor. A Wheel. 2d wk Apr.
26,003
24,881
O W .M idlan d.... March....... 137,098 149,928
OoL H. V. A Tol, M arch.___ 188,920 200,087
CobARcdM ount F e b ru a ry .
11,552
OoL S a n d '/ A H. M arch.......
56,863
55,656
Oolusa A L ake.. March.......
1,150
700
C rystal.............. January...
463
1,178
Cnujb'i'd Valley Fobruax-y.
50,675
57,198
Deny. A Rio Gr. ‘2d wk Apr. 134,000 130,100
D esM .A K .and; 4thwk Mch
3,561
3,281'
De». M. S . A. W .. M arch.. . . .
29,699 39,781
Det-G.Rap.AW . 2d wk Apr.
24.>85 21.359
D el.A .Macklna** IVbniaty
46,635 42,901
DuluttiS.S.AAt). 2d w kA pr.
23.305
30.110
K glnJoL A E ast March----- '
100,151 134,195
E rie.................... February . 2,175,542 2,148,807
Eureka 8prl ngn ,December.
. .
rings.
.',,50i
4,06<
Kyttua.Alnd’pili, 2d wk Apr,;
5.037
5.860
Bvans. A R ich.. 1st w kA pr
1,953,
2,492'
ttvamtv. A X, 11 2d wk Apr.
19,215!
21.97 ij
492.2911 491,0421
Fitchburg..........F ebruary.!
Flint. A P M ar<j 2d wk Apr. I 57,780:
52.786;
Fla.Cent, a Pen.)2d wk A p r.! 47,495
47,1X45!
Ft. W 't h A lx e n .i2d wk Apr.
17,455!
17,734'
Ft. V A Hio Q r March.......:
17,934
24,073,
Oftdi. te A H . tl. March.. *1*1
099!
841
Q ^ r g ia R R ...., -hi wk Apr.
22,553!
22,391'
tie A in,, •U wk Mob
19,658)
fa
11,173.
G#kGftr'lfe & Ko. February .1 91,071
70,494:
Q to. &o. A F la ,. iMarch___A
67,033!
63.498;
Ur, R »p. AtJn*L.
wk Apr.|
38.480.
39,829
J
‘
'Ciliaii* A $ t. w * a wk
7,798
8,718
4
Ra>vvf&#ORf\ 2d wk Ai»r,
073
881
Mian. 0 . R A 1. lid wk A |>r..
2,118
3,188
T oi, all Mae* 24 wkApr.;
40,094
62,016
© ihimS Tnj.»jfc_, :-2dwk Aj>r.'! 333,128'! 347,197
2.1 wk Apts)
Mm 24. wk Apr.j
2if
m MfMif.., ■ wk Apr.;
«L F. Mi 4 M
M m u m W m C Man4a***’
O T IS *m »m E .t£
tin tf & i Ttiltmgt) st arch,
Will
UltaafftCmt trail
in*Uusr.&W**T.
wk A m
05,528
85,305
17,478! 17,299
2*1881 2,900
1,475
1 , 1 0 2 , 120!
131. 730!
Latest Gross Earnings.
Week o r Mo
In te llig e n c e .
RAILROAD
VOL. L X I V .
35,5331
131,086!
1890*.
28,203
402,265
119,031
338,755: 348,843
143,725
150,992:
134, ISO
148.2S4'
346,719!
360,539
353.522!
316,390
16.385
15,291!
4,430,039 4,693,615
127.426
1-11,639,
96.899
101,686
154,312
150,714
580,711,
5.-4,781
5,402
0,693
34,787
39,218
77,297
75,800
5,828,679 5,272,205
1,664,002 1,731,109
50,025
53,499
2,026
2,040
5,563
5,344
90,032
88,720!
837,054
834,118'
120,803!
106,014
1,051,328! 1,283,418
4,862,018! 5,002,057
14,427
17,056
1,522,082! 1,611,442
1,704,155 1,831,117
1,603,104! 1,736,739
134,899!
121,351
3,155,108 2,915,122
5,442,090' 5,102,021
1,147,028! 1,170,120
1,314,136 1.378,141
7,423,296 8,-181,-i53
6,076,233 7,448,284
138,310
145,084
203,492
241,385
3,329,135 3,570,096
1,061,509 1,174,398
413,122
409,787
230,616
201,231
12,049
13,580
188,931
198,445
815,499
824,077
17,652
21,553
3,575,961
262,656'
303,741
387,579
521,762
22,778
170,093
3,800
483
105.859
1,090,758
35,4 60
92,067
328,240
74,099!
363,910
273,870'
4,398,162
01,204
09,904!
18,100
200,998
1,020,064
779,200
059,085
272.687
04,5111
2,008
476,062
265,067
181,9:13:
214,533
515,280
107,130
11,177
28,020
662,510
4,641,536
841,020
206,965
28,750
28,906
3,541,573
294.289
334,220
439,442
622,057
178,527
2,700
1,178
120,901
1,880,449
26,249
113,945
2»8,989
82,647
488,138
343,705
4,492,884
02,889
85,292
25,550
322,555
1,089,060
801,367
594,864
253,U85
91,523
2,000
472,870
147,119
163,824
220,607
559,240
122,104
12,971
37,792
732,167
4,597,540
937,208
24.2,783
36 ,112
17,782
2,683,4241 2,834,844
359,769
280,056
402,0091 450,172
lM0*>,4s0 3,300,449, 3,044,785
0,8331
28,3811
15,671
2,1x23;
11,326
10,057
3,955
10,562
11,466
208,743!
477,107
432,276
11721831 >5.405.210 15,400,738
7,581
111 >137
131,409
1897.
| 1898,
:Jan. 1 to Latest D ate.
j 1897. | 1898.
»
I
a
t
9
I
Iud. 111. A Iowa. February .
56.985
77,017
127.517:
156,632
I n .* CH. North’ u 2d wk Apr.
07.925
561895! 961,3-10! 874.304
Hnteroo. (Max.) Wk. Apr. 3
52,622, 39,949
676,281
558,012
Iow a C en tra l... 2d w k Apr.
25,921
428,146
29,538
506,780
Iron R a ilw a y ... M arch.......
3,140!
10,15-1
4,475:
12,573
Jack. T. A K. W. February .
27,989
30,068
54,974!
59,199
Juniest'n A L. E . J axillary.
2,813!
2,813
Kanawlia&Mlch 2d wk Apr.
8.110' 'i 6',235
127,870;
134,74i
K.C.F.Seott AM. 2d wk Apr.
86,859
65,046 1,250,470, 1,219,627
K.C.Mem, A B ir. 2d w kA pr.
18,815
354,052;
15,818
329,006
Kan, C. N. W __. March.... .
30,677' 20,503
94,093
60,902
Kan.City & Oru. 2d wk A pr.
2,522
2,969
64,854
28.002
K.
C. Pitts. A U .. 2d w k 36,695
Apr.
10,280
432,275
170,700
Kaii.C.Sub. Belt 2d wk Apr.
7,035
4,842
07,803
73,515
K eokuk*. W est, tthw k Mch
9,051
12,064
67,509
101,709
L, Erie A ll ifeSo. M arch.......
6,272
5,883!
20,377
18,303
L. E ric A W est. 2d w kA pr.
01,316
62,097: 913,741
961,203
Lehigh & H u d.. M a rch .....
26,013
32,452
81,330!
93,879
I.fvx'gton A East. Fchruary .
13,322
14.055
10,860,
32,142
L ong Is la n d ___| arch........ 239,008 233,928!
M
623,354!
631,219
Log Aug. Term . M arch.......
7.374
17,741
6,589!
23,800
Louis. E v. ifeSt.L.;2d wk Apr.
25,867
26.343
809,099
391,665
Lou.H en.A . 1,L. 2d w k A p r.
0
8,000
7,737
121,764'
120.304
Louiav.&Nashv. >d wk Apr. 360,250 356,095 5,58-1,309. 5,891,802
M acon A B irin .. M arch.......
5,270
4,-134
17,213
17,747
Manistkuie...... March,
12.199
29,091'
5,576
33,408
MemnUis&Ohaa, 1st wk Apr
18,705
18,235
337,414
360,209
[M exican C ent,. 2d wk Apr, 257,912 172,179. 3.712,421 2,824,020
M exican Inter'1 F eb ru a ry . 257.230 245.106!
.
518,210:
479.653
{Mex. Rational. 2d wk Apr. 112,736
94,7911 1,603,606 1,382,411
M ex. Northern. February .
56.000
73,229
104.414!
149,177
'M exican R’ way Wk, Apr. 3
78.000
58,000! 944,500:
788,500
M exican So
26,720
18,321.
179,339
tthwk Mob
130,523
M lim eap.& StX. 2d w kA p r.
2-, 009
482,273
33,687
521,920
M.SLP.AS.St.M. 2d w k A p r.
62,612
62,356
>08,061
913,386
Mo. Kan. A Tex. 2d w kA p r. 222,021 219,744 3,073,570; 3,253,471
M o.Pac.&IrotlM 2d w k Apr. 360.000 366.000 6,091,000 5,993,508
Central Br’oh. 2d w k A p r
16,009
13,000
288.000
193,935
T otal............ 2d w k A p r. 376.000 379.000 6,379,000! 6,187,443
M o b ile * Birru.. 2d w k Apr.
92,109
5,262
4,313
80,689
M obile & O hio.. M arch.......
973,233!
318,903 288,320
877,760
Mom,. A M ex.Gif M arch.......
351,143
138,085 104,037
295,671
Nash. Cb. A St. L. M arch.......
415,204 404.913 1,249,237, 1,287,880
Net. & Ft. Sh’p ’n F e b r u a r y .
9.375
19,129
9,247
5,000
N evada Central, February 1,911
5,486:
2,811
3,038
N.Y.C. A H . R .. March------ 3,799,597 3,599,304 10,241,000 10,283,911
N .Y . Out. A W . . 2d wk Apr.
60,780, 930,793. 884,414
70,398
N.Y.Susq, A W .. F eb ru a ry . 143,801 144,168:
324,276
322,663
Norfolk. A West. 2d w k A p r. 205,206 249,819! 2,929,526] 3,222,091
N orthes'n(G a.). January...
5,429
5,429
0,105
6,105
North’ n Central February . 548.631 442.778 1,074.517
953,987
North’n Paoilio. 2d w kA p r. 273,325 317,601 3,854,335 4,308,913
Oconee A Wesc. F eb ru a ry .
5,892
6,416
3.490
2,930
Ohlo R iver
19.055
262,247
232.173
2d w k Apr.
16,335
O hloR iv.A C has March
55,079
52,589
18,762
17,730
Ohio S ou th ern .. M arch.
153.575
56,523
193,299
63,418
Ohio V alley....... Jannary...
27.287
27,287
Oregon Imp. Co. F eb ru a ry . 214,783 226,960
457,470
471,165
951,574
Oreg.R R .A Nav. M arch....... 312,794 283,342
869,855
Paouto Mail___ F eb ru a ry . 363,181 343.897
647.370
719,868
Pennsylvania.:). February 4,486,234 4,646.034 9,241,905 9,039,805
PeonaD eo.A E v. 2d wk Apr.
247,213
242,698
13.517
15,987
Petersburg........ F eb r u a r y .
91,941
45,084
84,394
44,616
Phlla. A Erie---- F eb ru a ry . 280,572 246,682
535,777
533,429
Phila. & R ead... F eb ru a ry . 1,473,327 1,350,306 3.011,754 3,137,122
C o a l* Ir.O o.. F a t tu a r y . 1.510,195 1,504,341 3,204,201 3,357,792
Tot. both Co’s. F eb ru a ry . 2,983,522 2,854,647 6,210,015 6,495,214
Ph. Read. &N.E. F eb ru a ry .
42,397
49,982
100,581
81,826
Pitts. C.C.&St. L. M arch....... 1,136,23! 1,210,284 3,289,926 3,624,055
10,334
11,806
3.376
Pltte.Lisb.AW ’n March.
4,104
110,067
Pitts, Sh. & L .E . M arch.......
41.801
140,117
45,351
413,480
385,984
P ittsb.A Wes'li. 2d wk Apr.
27,833
34,086
189,953
213,357
Pitts. CI.i&Tol. 2d w kA pr.
16,894
15.001
5,664
54,205
54,026
Pitts. Pa. 4 F . 2d w k A p r,
6,187
635,170
Total system .. 2d wk Apr.
57,107
685.976
48,558
233 113
195,721
Pitt. Young. A A , M arch-----90,951
81,124
72,143
67,746
Q uincy O. A K.O. M arch___
25,936
25,778
109,615
98,549
S ioh.F r’ksb &P, F eb ru a ry .
54,767
49.985
54,612
48,530
26.662
Rich. A Petersb February .
25,067
120,119
89,948
R loG r, South'n. 2d w k A p r.
8,275
6.420
42.200
571,471
597,274
Rio Gride West. 2d wk A pr.
44,800
69,374
70,041
23,566
St.L. Ch.A St.P. M arch.......
22,130
14,506
13,155
St.L.K en’et&8o. M arch.......
4.879
3,785
887.578
SLL.&San Frail. F ob r u a r v . 471,938 483,470
976,326
75,800 1,246,900 1,370,710
8t.Ii. Southwest. 2d wk Apr.
08,000
276,872
291,587
St. Paul A D u l.. M arch.......
99,080 103,938
271,301
283.342
San Ant. A A. P. F eb ru a ry . 131,420 127,520
137,392
S auFram A N .P . M arch.......
146,978
49,494
49,724
575.342
588,779
Sav. Fla.AWest. F eb ru a ry . 267,670 285,130
8her.Slirev.Abo. 4th wk Mch
68,920
72,466
6,155
8,041
30,442
22,680
10,529
14,906
Sil. Spra. O. A G. F e b r u a r y .
77,140
12.471
52,260
S llv e rto n .......
December.
3,554
95.749
M arch.......
116,007
So. Car. A tin.
'"3.625
‘ ij)Q 4
So.H aven& liasi M arch.......
1,930
1,487
So. Paolllc Co.
860,433
725,833
Gal.H ar.AS.A F e b ru a ry . 348,302 385,870
172,828
173,297
85,860
76,331
Louis’ a. West F eb ru a ry .
904,614
858,201
M organ'sLAT. F eb ru a ry . 421.038 401.045
29,372
43,974
N.Y. T. A Mex. F eb ru a ry .
20,177
13,627
228,401
250,013
Tox. A N .O rl.. F eb ru a ry . 123,918 100,295
Atl. Prop’tes.o F ebru ary. /1010692 7989,077 02,080,450 f2.230.564
Pacific system F eb ru a ry . 2.127,057 2.464,382 4.442,082 4,847.870
Total o f all.c February . 3,417,763 3.702,490 6,801,946 7,327,465
So. Pac. o f Cal. F e b r u a iy . 052,456 880,043 1,381,992 1,629,141
437,991
416,084
8 o .P a o.ofA m , February . 203.011 220,ul 7
209,963
206,335
So.Pao.oiN.M. F eb ru a ry . 103.038 100,919
310.547
2-5,973
8 orthcru tty.. F eb ru a ry , 138,659 150,507
5,528,104 5,839,037
Southern R y— 2d wk A pr. 351,257 330,637
51,783'
92,804
20,005
40,149
8pok.F’IsA N or. F eb ru a ry .
76,048 1,C?«,657 1,100,132
77.017
Staten LKap.Tr. November.
1,474
2,107
995
098
8tonyCl.AU.M i. February .
242,840
205.706
83,438
60.017
Summit Brunch. M arch......
206,135
220,356
75,879
61.036
L yk.Y al, Coal. Man'll.......
469,196
411,841
128)233 164,315
T ot'i both C o '“ M arch.......
04,328
56,540
3,842
3,840
Texas C en tral.. 1st w kA p r
Texas & Pacific. 2d wk Apr. 118.763 104,716 1,800,238 1,837.488
8,072
8,895
3,041
2,237
M arch___
T6X.8.V.& N'.W.
497,492
451,165
31,131
38,503
Tol. A Ohio Cent. 2d w k A p r.
285,101
245.174
15,238
2d w k A p r.
13,264
Tol. P. & W est..
524,702
602,010
35,9 17
38.835
T oL S t.L .& K .C . 2d wk Apr.
682,148
752,887
73,430
67,410
Uti.P.Ocn.*- G .. tth w k Mels
Union Pacific—
925,467 1,987,840 1,882,796
February
980,097
Union P. KK. .
750,283
752,770
Or.S.L. A U.X. F eb ru a ry . 354,867 303,583
170,432
307,248
13,500
11,500
St.J ob, A Gr. l 2d w k A p r.
193.934
281,077
16 000
13.000
0®nt.8raueb,« 9,1 wk Apr.
THE < HH0N1CLE.
A p r il 24. 1897. j
J a n . 1 to L a t e s t D a te .
L a te s t G r o s s E a r n i n g s
R o ads .
1897.
1896.
1897.
3
%
$
39,603
22,794
F eb ru a ry .
72,653
90,522
53,953
169,077
February .
February . 1,685.817 1,501,333 3,363,440
2d wk Apr. 203,000 227,716 3,029,748
18,489
20.877
February .
33,638
252,102
February . 128,147 129,545
97,607 102.971
March.......
259,794
27,144
January...
27.5 33
27,144
56,220
F e b ru a ry .
47,931
113,435
'd wk Apr.
46,600
4«,900
693,029
23,20 2 • 26,513
2d wk A or.
269,821
71,599 1,071.658
74,205
2d wk Apr.
March.......
6,419
9.937
22,348
48,209
116,291
3.046,962
3,338.976
40,015
264,137
273-572
27,533
99,7*8
729,613
331,856
1,051,944
27,709
w Figures given do not include Oregon Ry. A Nav., Un. Pao. D enverA
Gulf, Denver Leadviile A Gunnison, Montana Union and Leavenworth
Topeka A 8outh -estern. a These tigures include results on eased lines.
6 Inoludes earnings from ferries, e tc., not given separately. J M exi
can ourrenov. c Includes on ly half o f lines in w hich Union P aciiio has
half Interest
d Includes operations o f the Ohio. Burlington <t N orthern in b o th
S
years.
§ Covers results for lines directly operated east o f Pittsburg.
eInoludes results on affiliated lines.
f Covers besides the Atlantic System the Houston A Texas C entra 1,
Austin A Northwestern, Central Texas os North western and Ft. W orth
A New Orleans.
t Includes St. Louis Alton A Terre Haute for a ll periods.
a
Latest ttrosa Warnings by Weeks.—The latest weekly earn
ings in the foregoing are separately summed up as follows :
For the second week of April our preliminary statement
covers 75 roads, and shows 1-01 per cent decrease in the
aggregate >ver the same week last year.
2 d w e ek o f A p r i l .
1897.
*
Alabama Gt. S outhern..
27,318
27,174
Atlantic A Danville —
1 4 ,4 '2
Balt
Ohio Southwest..
14 6.42?
Buffalo Rooh. A P itw b’g.
5o,540
Burl. Ced. Rap. A N oiih .
58.314
Canadian Pacific. .......
339.000
75,516
Chesaoeake a Juio.........
216,231
Chicago A East. Illinois.
74.401
Chicago Great Western..
79,531
Chicago Mliw. A St. Pam
462.042
Chic. A West M ich ig an ...
29.232
Olu. Jackson a Mackinaw
13.478
Cieve. Canton A South’ n
13,375
Clev. Cin. Chic, v 8t. L ..
226.533
Clev. Lorain A Wheeling
26.003
Denver A Rio Grande—
134,000
Detroit Gr. Rap. A West.
24,485
Duluth 8. S. A Atlantio...
23.895
Bvausv. A Indianapolis
5,037
Evansv. a Terre Haute..
19,215
Flint A Pere Marquette..
57.786
Fla. Cent. A Peninsular..
47,495
Ft. Worth A Deuv. City. • 17.455
G eorgia....... . . . ..............
22,553
Grand Rapid* A Indiana
38,489
Cin. Rich. A Ft. Wayne
7,793
673
Mas. Gr. Rapids A Ind.
2,143
Grand Truua o f Canada.
333,123
Chioago A Gr'd Trunk.
55,528
Det. Gr. Hav. A Mliw..
17,479
Cin. Sag.
Mack..........
2.188
2,220
Indiana Decatur A West.
6 ,7 7 6
In tern '1 A Gt. N o r t h n ...
67,925
25,921
Kanawua A M ich ig an ....
8,110
Kansas City A Omaha. ..
2,522
Kan. «ity Ft. 8. A Mem..
66,859
Kan. Ulty Mein. A Birin.
18,815
Kan. City Pittftb. A Gulf
36,695
Kan. City Suburb. B elt...
7,035
Lake Erie A W estern___
61.316
Loulsv. Evansv. A St. L ..
25,867
Louisville Heud.A; St. L..
7,737
Louisville a N ashville...
360,250
257,912
M exican National..........
112.780
M inneapolis A St. Louis.
28,009
Minn. 8t. P. A S . 3. M ....
62,356
Mo. Pacific A Iron M t___
Mobile & B irm ingham ...
N. Y. Ontario A Western
Peoria Deo. A E v a n sv...
Pittsburg a W estern .....
Rio Grande S ou th ern ....
St. Joseph A 0(1. Island.
St. Louis Southwestern..
Toledo A Ohio Central..
Toledo Peoria A West’ n..
Tol. 8t. L. A Kan. C ity ...
West. N. Y. A Pennsylv
Wheeling A Lake E rie...
Wisconsin C entral..........
Total (75 roads)......... ..
Net doorcase H OI p. o.).
ls f w e e k o f A p r i l .
1897.
1896.
$
Un. Pao.—(Con.)
A.oh.CoL<feP. /
Ach.J.C.&W<
Cen.Br.&L’dL.
Gr’d total.*?
W abash. . .. .
W aco A North w
W.Jersey&Sea’ e
W, Y.Cen.ds PureW sstV a.A Pltte
Western o f Ala..
West. N. Y. & Pa
Wheel. A L. Erl
Wisconsin Cent
Wrlghtsv.&Ten
W eek o r Me
795
360,000
16 000
5.282
70,398
205,266
■273,325
16,335
13|517
48,558
6,420
1896.
In crea se.
*
23 ,9 0 )
23,091
14,481
114.355
65,886
65,997
36 i.000
73,903
19 >.394
73,833
89.597
548,385
28.112
14,932
13,617
233,101
24.833
110,100
21.359
30,110
5,860
21.971
52,786
47,045
17,73 4
22,394
39,821
8,718
88 l
3,188
317,197
65,305
17.298
2,908
1.475
7,581
56,895
29,538
31,131
13.204
38,835
203,000
46,000
23,202
74,205
13.500
75.800
3.80.037
101,718
38,503
15,238
35,947
227,716
46,900
26,543
71,599
6,122,704
6,184.923
14,500
68,000
351,257
__
$
9
7,927
15,346
7,683
26.000
1,6 L3
25,840
569
10,063
80,3 43
1,120
•
1.454
242
12,563
1 ,1 2 0
3.900
3.120
5,000
450
159
6.215
823
2,750
279
1,349
920
208
1,045
11,074
9 ,7 7 7
180
745
11,030
1 0 :2 3 5
2,969
65,016
15.818
10.260
4,842
62,697
20,343
8,606
356,095
172,179
94/791
33.687
62.612
219,744
360,000
13,000
4,313
60,780
249,819
317,601
19,055
15,987
57.107
8,275
D ecrea se.
8
3,418
4,083
720
805
3,617
2,125
447
1,813
2,997
26,435
2,193
4,155
85,733
17|995
2,277
3,000
'949
9,618
2,600
i ;o o o
Prev’ly reported (68 r’ ds)
Duluth 8o. Shore A A tl..
Evansv. A R ichm ond-. . .
Ft. Worth A Denver City.
Grand Trunk—
Ohio. A Gr. Trunk
Det. Gr. Haven A MU
Oin. Sag. & Maokinaw
Tol. Sag. A Muskegon
Interooeanio (Mex.) ..
Meinonls A Charleston
Mexioan R a ilw a y .......
Toledo Peoria A West’ n
Total '79 roads ..
Net in irsase (1*67 n. o.)_
5,678
256
6,000
44,553
44,276
2,720
2,470
8.609
1,855
7,800
14,045
7 ,4 3 2
67,467
18,513
2,622
1,172
39,940
18.235
53,000
16,389
5 2 ,6 1 2
18,705
78,000
14,675
6,251,922
..........
........
.........
24,716
300
3,311
351,496
02,219
For the first week of April our final statement covers
79 roads, and shows 1'67 per cent increase in the aggregate
over the same week last year.
1,657
D ecrea se.
*
262,982
2,890
530
8,703
i,3 4 0
572
1,108
12.632
470
20,000
1,714
330,075
102,675
277,400
Net Earaiugs Uoatlily to Latest Dates.—The table follow
snows me net earnings of S t e a m railroads reported this
week. A full detailed statement, including all roads from
which monthly returns can be obtained, is given once a month
in these columns, and the latest statement of this kind will
be found in the C h r o n i c l e of April 17, 1897. The next will
appear in the issue of May 22, 1897.
in g
----- d r o s s E a n u n g s . ----- > .----- N et E a r n i n g s .—
1 89 7 .
1896.
1897.
1896.
$
8
8
8
Arkansas M idland. . . Feb.
7,352
7.833
1,468
1,3 32
Jan. 1 to Feb. 28.......
15,291
16.385 def.2,566
4,410
Balt.& Ohio Southw.. Feb.
454,005
120,937
431.427
148,058
Jan. 1 to Feb. 28.......
971,243
920,497
234,047
263,113
July I to Feu. 28____ 4,036.536 4,422,039 1,2 2 1,653 1,523,564
Buffalo A Susqueb.a.Mar.
48,859
37,473
23,391
14,279
Jan. 1 to Mir. 3L.......
120,903
106.014
50,574
39,811
430,592
363,352
July 1 to Mar. 31.......
221,282
166,594
290,703
230,920
90,564
Cin.N.Orl.& T ex.P.a. Mar.
79,291
815,499
824.077
Jan. 1 to Mar. 31.......
282,343
207,238
July 1 to Mar. 3L....... 2,530,768 2,859,559
780,179
842,353
De8 Moines A K. C ...F eb.
11,503
8,661
3,289
4,006
23,643
.
Jan. 1 to Feb. 28.......
16,407
6,733
6,845
Ed. Ei. III. 0 o „ B k lyo. Feb.
69,817
69,119
32,003
31,757
243,333
Jan. I to Feb. 23.......
214,543
100,403
99,345
Flint A Pere Marq.a,Feb,
214,700
222,899
52,400
53,515
417,163
452,032
Jan. 1 to Feb. 23.......
100,744
109,689
29,952
32,3 >2
10,823
Keokuk A West’ n . b .. Feb.
12,573
18,326
57,145
68.518
Jan. 1 to Feb. 28.......
28,875
33,171
7,491
4.351
32,595
Louisv. Heud. A St. L. Feb.
66,893
67,705
15,493
10,576
Jan. 1 to Feb. 28.......
331,523
239,510
121,507
93,200
M obile A O h io ....... ..Feb.
2L3.712
654,325
589,431
235,544
Jan. 1 to Feb. 28.......
991,376 1,001,130
July 1 to Feb. 28___ _ 2,044,333 2,483,270
21,211
109,729
80,874
53,893
Monterey A M ex.G’ f.Feb.
191,614
9 7,6 70
55,716
Jan. 1 to Feb. 23.......
213,058
49,494
49,724
4,842
SanFr. A S . Pao.......Mar.
4,414
137,392
146,9 73
15,6 40
9,762
Jan. 1 to Mar. 31.......
595,7 L3
171,076
169,922
July 1 to Mar. 31.......
539,358
5 49,651
455,130
Southern Rail way. a .Mar. 1,700,703 1,543,951
Jan. 1 to Mar. 3 1 ...-. 4,343,049 4,697,005 1.538,195 1,310,239
14,652.233 15, L15,767 4,837,543 4,871,734
July 1 to Mar. 31.......
06.647
83,436
5,014 def.5,637
Summit Branch........ Mar.
205,706
242,340 def. 2,595 def.3,018
Jan. 1 to Mar. 31____
11,319
dyf.561
Lykens Val.O oal...M ar,
61,030
75,8 79
18.060
20,028
200,135
220,356
Jan. 1 to Mar. 31.......
164,315
16,333 def.6,198
128,283
Total both Oo’s ...... Mar.
10,065
13,010
4L1.341
469,196
Jan. 1 to Mar. 31.......
79,037
44,779
Tenn. Coal I. as RR...M ar,
............
............
254,868
157,548
Jan. 1 to Mar. 31. . . .
3,451
5,02 1
19,773
23,093
Texas Central........... Jan.
R o a d s.
a Net earnings here given are after deducting taxes,
b Net earnings here given are before dedu cting taxes.
Interest Charges and Surplus.—The following roads, in
addition to their gross and net earnings given in the foregoing,
also report charges for interest, ffec., with the surplus or deficit
above or below those charges.
R o a d s.
Buffalo & Susqiieh’a.Mar.
July 1 to Mar. 31. . . .
Flint A Pere M arq...F eb.
Jan. 1 to Feb. 23____
San Fran. & No. Pao.. Mar.
July 1 to Mar. 31.......
Tenn. Coal I. A R R .. Mar.
Jan. 1 to Mar. 31.......
1897.
$
12,668
114,400
51,867
103.394
19,104
171,937
47,’777
143,331
B a l . o f N e t E a r n s .—,
1896.
1896.
1897.
$
$
*
10,723
1,292
12,987
100,322
107,937
58,657
5L.090
533
2,425
7,675
102,014 def.2,650
19,212 def. 14,262 def.14,798
d ef 261 def. 2,938
172,910
31,153
47,884 d ef.2,9 98
111,216
143,652
14,217
ST BEET it ALL WAYS AND TRACTION COMPANIES.
.
The following table shows the gross earnings for the latest
period of all street railways from whiob we are able to obtain
weekly or monthly returns. The arrangement of the table is
che same as that for the steam roads—that is, the first two
columns of figures give the gross earnings for the latest
veek or month, and the last two columns the earnings for
the calendar year from January 1 to aad including such latest
week or month.
STREET
RAILW AYS
AND TRACTION
L a te s t G r o ss E a r n i n g s .
G ross
1896.
Earninos.
W eek o r M o
1897.
Akron B e if'd A Clev.
\krou st. Ry. Js til. Co
im srerdain st. R y ..
Anderson El. St. R y..
aclauta Railway. . ..
Baltimore Traction..
Bath St. Ry. (N. Y .)..
Bay Cities C o n so l....
March.......
December.
F ebru ary .
March.......
March.......
M arch,___
March.......
M arch.......
5,379
6*335
18,908 20,523
3,650
3,149
4,397
4,349
0,237
6.158
95,723 87,267
1,206
1,333
0,44 L 6,258
2,606
23J.277
6,149,247
*
342,318
' Week April 3.
1,974
..
58,761
19,853
2,050
2.280
In crea se.
S
5,877,110
27,732
2.492
19,575
— I n l e r 't . r e n t a l s , <•«.->
1,381
476
869
2 0 ,0 2 0
2,888
1896.
*
5,956,946
24,842
1,953
21,232
COMPANIES.
J a n . 1 to L a t e s t D a te .
1897
1896.
17,046
2L0.247
6,845
8
15,389
180,2 36
7,213'-
10,627
270,320
3,782
16*571
250,859
3,945
THE
7£>6
O m ou
t a s i.iu
La Its! Qr'its Earning*.
W ttkorU o
C H R O N IC L E .
ANNUAL REPORTS.
Jan. 1 to Laics! Dais
1397. I 1896.
1897.
1S96.
* J
10,078; 9,932
et. Rr76,863
73,160'
5,391
3,518
l.-fi-'r ; T race,u. . l a k A p f .
39,023
44.675
■ £ & (!» > Con 8;. Hr. February . 31,707; 19,971
itr’ Kl) n Hap.Tr. On.(March___ _ 361,042 386,167 1,002,956' 983,049
llfwiiklyo t *
■
15U.359 140,655
i f a <4U us «k Sa' March....... 59,039! 50,527 1,159,815 1,129,704
’
.March. . . . 400,071 380.634
Total fur
1,309.227 1,327.774
f December.
38,
38,340;
c T r »*’ 15 . . . . IMarc'lt. . . . ' iis«519j.
1*a.
'M&reii*.
05,371
58,809
c£e* A
SLlo R .T.. jJamiary*.. 50,000 *& g | l
2.792
2,870!
S w K M o (a .u „ . Qfc > IVbruary
1.432
1.344
371,963 372.667
Cleveland KlwUlC.- M arch.......1 3 2 ,-7 . ISS,383
14,901
« L v » F i l M v .4 S ___(March........
5,359;
1485506
Oolumbn* « , Kv. (O.l itbw kM eb 10,525; 11,411 138,458
00,930
61,943!
Osmt-r I s la n d * m y n cM a rch .......t 21,540 20,129
IJauv. Go* EL Light &j
j
8,727
9,597
8.727
Street H r................. [January. .
9.597
102,787
Denver Coo. Tramw March------- 53,728 58,345 157,132! 257,339
— r m • "t " . 2d wk Apr 19,600 18,839 290,696
Detroit n t
'S By99,145 101,296
March.......: 31,303 34,248
Datratt Eire. Ry
48,144
42,507
March____; 15.5U8 17,056
Duluth b l Rv.
32,018
29,450
Erie Klee. M otor C o.. March----- 10.078 11,2 1 2
39.
41,17
March........ 14,559 13,528
Galveston City R y..
flerW m et Mohawk tl
6,718
6.921!
3,313
3,327
•or, a r k fo r t Ei.Ky F ebru ary.
1,573
1,13 1
533
515
March.......
ilooAlfik R y .......-.
43,351
42,29 ij
March....... 14,220 15,999
Houston Eire. 8t. Ry
Dswrutal* Oon-ol »*
25,431
26,813
9,233
North A ttleboro .. M arch,— \ 9.523
11,197
11.225
Klneeton City Ry----- March.......| 3,915; 3,8 53
27.882
24,510
9 ,'.OB
M arch.......i 7.855
Lehigh T raction.........
16,107
19,586
5,7 s5
London 8t Ry ICaa.i March....... ; 6.83
52.857
53.252
20,13 ‘
Lowell Law. A Hnv . F ebru ary. 2 5 ,7 .1
449.213
hte:rep.(Ka»eaa City 2d wkApr. i 31,391 31,406: 447,18
10.982
11.5 26
3,332.
Montgomery St. Ry .March.......: 3.947
Montreal Street R y... March____ 93 ,4 1 ! 92.146! 289,030 274,598
73,933
26,269, 334,351
Nassau Elec. (B'klyn) March.......'122,363
14.119
13,711
4,761*
4,919
Newburgh E lectric... Maroh.......
New England St.—
42,681
42,070
Winchester Ave — March....... , 14,S 45 14,333
6,016
6,040
2.062
2,112
Piytn'th A K t o w i i Starch.......
43,77 7
43,113
T ota l..................... March....... 17,037 16,140
7,712
7,963
2,611
2,847
New London St. Kv. M arch.___
New Orleans Traction March....... 117.017 103,013 316,365 330,822
4S.931
2 2 ,5 9 1 ............
N. 5'. A Queens C y ... February
North Shore Traction 2d w kA p r. 22,761 23,674 322,577 316,853
2,490
2.951
1,042
78'
Oedensburg 3 b Ity. M arch.......
69.122
69.05
23.956! 23,641
Paterson R y -------------M arch—
4.053
7 ,7 /3
2,643
1,347
Plts-b. Ft.Sub. El.Ity. March-----16.043
15,881
5,510, 5,448
Fo'teoe pale A Wapp. F. M arch.......
62.287: 68.783
Rochester R v ..............February .
*22*, 16 4
2 li0 8 §
6,695
6.931
Schuylkill T raction. . March------------2,5 tO
Schuylkill Val. Trac.. M arch......., 2.852
feontnUm A Carbond'e MarclL — ; 2,951
13,722
Scranton & Pltt.-ton.. M arch.......! 4,845
75,437
78,9 u
eeranron Railw ay___March......... 27.349 25,523
X c o n d i v , (PlKAb.) M arch....... 171.356,169.168 134,2)9 131,234
8,161.
7,443
a v ;.„ u -eK -st-SldsBy. Mnroli-----2.698
2.813
96,155 101.295
Syracuse Rap. Tr. Ky. March....... 33.961 3o,22b
T-rr,. Hauto EPo. B y. March. . . . 1X.501 11,49s
T h irl Ave. iN. Y.) ... D ecem ber. ................ - ......... 2,626.S9o 2,6*15,1*52
. . . . . . . . . . M arch....... 78.892 74,094 223,905 2 21,448
Twin City Kap, Than. February .1 4 0 ,2 1 4 145,061; 292.181 305,974
45,377
47,538
Owun'iN. B edford)... March....... }6, 7<|5,
!
United Tract. {Prov.( February . 119,034 125,07o. 243,217 256,649
30,446
34,272
Chit. Trac. (Reading) Maroh....... 12.010 12,181
9,510
10,346
Waketteld A Mtone---- March.........
3.83"
3,2 9,
58,890
54,008
W&terbarj Traction., M arch,. . . . 18,46 i 18,152
37,073
36 ,63)
w)i,-c,lmg R a ilw a y ... March....... 12,530 13,417
7 3,1 31
75.192
• h kc•)>.'& Wy. Valiev 'February .; 34.449! 36,334
a
___
“ T h iclu d e * results on North Side Traction Company, which was leased
la February, 1897 to the Second Ave. Traction Co,
rh
A n n u a l R e p o r t s .— T h e fo llo w in g ia a n in d e x t o a ll a n n u a l
re p o rts o f s te a m r a ilr o a d s , stre e t r a ilw a y s a n d m is c e lla n e o u s
c o m p a n ie s w h ic h h a v e b e e n p u b lis h e d s in c e t h e la s t e d itio n s
o f th e I n v e s t o r s ’ a n d S t r e e t R a i l w a y S u p p l e m e n t s .
T h is in d e x d o e s n o t in c lu d e r e p o r t s in t o -d a y ’ s C h r o n i c l e .
R a il r o a d s and Misck l . Go ’ s ,
;
St r e e t R a il w a y s .—(<&&}
Yolaiiu 0 1 Pant.
Volume 04—
Page.
Canadian PacMJo................ ............ 752 I Baltimore T ra ction ...................... 007
,
‘
i.omsvyje iv
v
Chicago Burl. & Quincy... .783, 752, 760 i Louisville By ... ...... .
<483
TwinCUy tt. 1'.Co.(Minneapolis). 7"4
S TR B K T R A IL W A Y S .
Wlkcstmrro ,v Wyoming Val. Trac. 007
Akron St. Ry. & Ilium............. .
007
S t r e e t B a i l w a y N et E a r n i n g s .— T h e fo l l o w i n g ta b le g iv e*
th e r e tu rn s o f S t r e e t r a ilw a y g r o s s a n d n e t e a r n in g s r e c e iv e d
this w e e k . I n r e p o r tin g th e se n e t e a r n in g s f o r th e stre e t r a il
w a y s, w e a d o p t the sa m e p la n as th a t fa r th e ste a m ro a d s—
trial is, w e p rin t e a c h w e e k a ll th e r e tu rn s r e c e iv e d th a t
w e e k , b u t o n c e a m o n t h (o n t h e t h ir d o r th e fo u r t h S a tu r d a y )
w e b r in g to g e th e r all th e r o a d s fu r n is h in g re tu rn s, a n d the
latest sta te m e n t o f th is k in d w ill be fo u n d in th e CHRONICLE
,.f A p r il 17, 1897, T h e n e x t w ill a p p e a r in t h e issu e o f M a y
23. 1897.
.---- Gross Earnings.---- ,,— -Net Eartun^t.-
Bonds,
Akron Be<l. A Clev,..M ar,
Jan. 1 to Mar. 31, ....
Binghamton 8t. Ry-.M ar.
Cl - r%Painesv*, E .. ..Mar.
,
Jan, 1 to Mar, 3 1 .-...
.Dsaver Co o. Tram w . .Mar.
Jan. 1 to Mar. 31- . . .
O.i. . .•»!«)!! City ity Mar.
Jan. 1 !• Mar. 31.......
>
M ontgomery St- Ry. Mar.
Jan. 1 10 Mar, 3 1 .....
Kowtmrs? Biee. H j...M ar.
Jan. 1 to Mar. 3 5 .....
Ju ly 1 to Mur. 31*. . . .
1897.
$
6,335
17.040
10,073
5,853
14,901
53,723
157,132
14,559
44,175
3,957
11,525
4,919
13,711
83,016
2.847
7,960
98,527
23,950
63,051
6,695
21.088
1896.
$
5,379
15,389
9,932
........
56,3 15
162,787
13,523
39,345
3,332
10,932
4,761
14,119
72,956
2,611
7,712
95,826
23,844
60,122
6,931
22,184
1897.
$
893
1,151
3,012
2,719
4,985
21,189
63,975'
3,718
12,587
1,735
5,443
1,223
3,559
26,351
291
557
36,240
9,917
28,994
2,446
8,022
[ voL, L X iv ,
1896.
$
....
. . . . .. .
3,767
. . . . .. .
PUtslmrg Cincinnati Chicago & St, Lonls Railway.
( R ep ort f o r
th e y e a r e n d in g D ec. S I, 1896. J
T h e a n n u a l r e p o r t o f P re s id e n t F r a n k T h o m s o n w ill b e
fo u n d e ls e w h e r e in t o -d a y ’s CHROXICLE.
T h e o p e r a tio n s , e a r n in g s a n d c h a r g e s fo r fo u r y e a r s a n d th e
g e n e r a l b a la n c e sh e e t f o r th ree y e a r s w e r e as b e lo w :
O PERATIO N S AN D F ISO A L B E 9 0 L T S .
-45
Miles op era ted .........
1896.
1,151
1895.
1,151
1891.
1,151
1893.
1,114
O p era tio n s—
Passengers carried. 5,555,450
5 3 3 1 ,6 3 5
5,827,914
6,310,723
Pass, l i t , l m ile ....1 5 7 ,1 3 1 ,2 7 8 167.624,u o 154,785,032 216,435.066
Rate par pass. u. in .. 2-OS ots.
2 ‘02 ofcfl
2 T 0 eta,
1-95 cts.
Freights, tons, car'd . 10,815,828 11,648,491 10,381,330 10,301,725
Freight,; tons, 1 r a ..l4 «7 7 3 7 6 1 7 1812306022 1490371550 1521897797
0*63 cts.
0*05 cts,
Rate per ton p. m ... O'65 cts.
0*65 cts.
$
S
E a rn in g s
“
*
*
$
3,357,628
4,329,043
3,4u9,640
Passengers................ 3,387,608
9,741,142 10,281,475
9,730,177 10,615,368
F r e ig h t .....................
1,140,290
1,149,080
1,252,577
1,291,698
Mall, express, & o ...
T o t a l................... 14,370,362 15,439,700 14,247,856 15,750,803
Exspensts—
6,471,9451
6,267,108
T ra n sp orta tion .......
5,867,911
2,052,124 I
2,343,875
Jliin t. o f equipm’ c.. 2,136,589
x.340,631 f 12,034,631
1,70 3,330
Maint, o f way, AC.. 1,002,14 )
287,247 I
273,161
General e x p e n se s...
294,785
658,015
63 5,620 J
Taxes . . . . . __. . . . . .
687,554
T o ta l................... 10.598,979 11,243,545 10,765,520 12,031,631
3,716,177
3,432.336
4,191,161
Net earnings
.......
3,781.333
76-41
75-58
7369
72-85
P. o, op. ex. to earn.
INCOME ACCOUNT.
1893.
1894.
1895.
1896.
$
$
$
Receipts—
4
Net earn, o f P. Cln.
3,432,336
3,713,177
4,191,161
3,781,383
472.20 J
489,255
783,032
734,433
Net rev. o f otli, r’ ds.
16,02?
14, >16
•13,065
63,667
Miscellaneous..........
T o ta l...................
D is b u r s e m e n t s —
Interest on .bonds..
Rentals paid............
C ir trusts line int.)
St. L. V. & T. a . loss
M iscella n eou s.........
Div. on pref. stock ..
Rate of dividend . . .
K, & H, B ridge suit..
4,531,533
5,017,358
3 970,550
4,219,473
2,507,977
1,160,183
3 i, 150
197,733
255,320
2,52?,130
L,16L,9L3
36,440
222,085
52,375
452,716
(2 p. C.)
28 4,525
2,107,532
613.813
35.701
59,456
15,428
459,497
( l p. o.)
2,337 215
813.922
91.89 7
44,992
48,911
903.15 4
(4 p. 0.)
..
4.303,041
def. 83,563
3,794,562
4,732,204
4,155,383
175,997
285,65 4*
429,150
BALANCE SHEET DECEMBER 31.
1896,
1893.
Assets—
3
Road and equ ipm ent...................... 94,064,874 93,652,533
Bonds and stocks o w n ed ....... . . . . 1,580,648
1,580. 443
T o ta l............... . . . .
Balance, surplus . . .
S u p p lie s o n h a n d
.........................
Sinking fund .T. M, & £. b o n d s ....
Betterments to leased road s.........
Gash . . . . . __. . . . . . —
Duo by agents, companies, & o ....
5 4 /,3 3 9
5,62*
439.438
873, 449
2,237,441
7 1 7 ,5 6 4
75,334
332.426
901.643
3,522,501
1844.
8
93,560,301
1,504,648
,485,269
32,977
401,043
931,545
2,26 ),0 >8
99,335,791
T o t a l .....................................
9 9 , 7 9 9 , 3 5 6 1 0 0 , 3 9 6 ,1 7 . 3
Liabilities—
Stock com m on' ............................... 25,022,730 25,017,119 25,115,925
■? peefertedi ....... ....................22 ,073 ,37L 22,631,432 22,052,566
Bonds (868 S upplem ent ) ............... 47,402.000 47,621.000 47,355,000
232,500
Cia. Street Ry. Coun, b o n d s .........
262,50 )
26L,oOO
779,524
Due Little M iam i........ — ---------779,525
77 9,o«4
1,218,368
Ourrent a c c o u n ts ............................. 1 .0 3 8 .0 U 1,497,870
223,223
Due other oom oam es......... ...........
312,763
553,007
862,822
Interest on bonds! ........................
840,i? \
D iv id e n d s p a y a b l e ...................................
640
4 o 2 ,7 1 0
432,325
M la o e l. ( i a c l .. m a r t s .& g c ! n d r e n t s )
6 1 8 ,7 2 0
4 /9 ,8 1 2
423,538
P r o ilt a u d l o s s , b a l a n c e .....................8 4 8 ,0 9 2
7 1 4 ,1 9 4
20,391
T ota l............................................99,799,356 100,898,178 99,335,791
61,077
^ In clu d es amounts fo r other com panies’ stocks not yet exchanged.
3,765
1 Includes accrued interest and m atured interest unpaid.
10,4 72
1,595 - V . 64, p. 181.
4,973
F lin t & Fere Martinetto Railroad.
992
{ R e p o r t f o r th e y e a r e n d in g D e c e m b e r S I, 1896. J
3,255
26,989
P r e s id e n t W m W . O ra p o in th e r e p o r t sa y s in p a r t :
223
G e n e r a l R e s u lt s — T h e y e a r 1890, a lt h o u g h s h o w in g a n in
683
Jan. 1 % Mar. 3 1 .....
o
c rea se o v e r 1895 in g r o s s e a r n in g s o f $88,915 a n d in n e t e a r n
25,435
Korth Shore i rnot'n.Mar.
in g s o f $15,902, d id n o t e q u a l e x p e c t a t io n s .
D a r in g th s e a r ly
8,984 m o n th s th ere w a s a n e n c o u r a g in g in c r e a s e , e s p e c ia lly in th e
P&t^rmoa Rail w ay. ...Mar.
28,115
Jan, t to Mur,
m o v e m e n t o f f r e ig h t a cro ss L a k e M ich ig a n , T h e fa llin g o f f
2,708
9,501 in e a r n in g s d u r in g th e s u m m e r m o n th s r e fle c te d t h e c o n
Jan. t to Mar. 3 1 ....,
tin u ed bu sin ess p ro s tr a tio n . W h ile th e p o p u la t io n o f th e
I n l c r o s t F iiu r g a i a n d S u r p l u s .— T h a fo l l o w i n g S t r e e t
c o u n tie s t ra v e r s e d h a s s te a d ily in c r e a s e d , t h e r o a d ’s p a sse n g e r
r a ilw a y s , ia a d d itio n t o th air g r o s s a u d n e t e a r n in g s g iv e n in
r e ce ip ts h a v e fa lle n f r o m $889,217 in ISO3 t o $880,758 in 1898,
th e fo r e g o in g , a lso r e p o r t c h a r g e s f o r i i i n i . . & .*., w it h m
T h is loss o f r e v e n u e c o u ld n o t he m e t by r e d u c t io n o f t r a in
su rp lu s o r d e fic it a b o v e o r b e lo w th o s e c h a r g e s ,
s e r v ic e , T h e p u b lic d e m a n d s th e s a m e a c c o m m o d a t io n s in
r-Intr.r’i, renlats, etc.-. r-Bat. o f Net Earns.'
s p e e d a n d fr e q u e n c y o f tra in s as in p r o s p e r o u s y e a rs.
1897.
189G.
1897.
1898.
T h e h a rd tim e s a r e a ls o se e n in th e d im in u t io n o f lu m b e r
Hands.
«
8
8
*
# tdiver Con. TriwnwAlar, 18,729
17,878
2,740
2,513 t o n n a g e . I n 1892 th e r a il sh ip m e n ts o f lu m b e r f r o m t h e
55.990
53,551
8,805
7,526 S a g in a w V a lle y a m o u n t e d t o 427,490,000 fe e t ; in 1895 t o 3 9 8 ,.Jita. 1 to Mar. 31. ...
2,"83
2,033
363
625
ftcbaylkill Traction. Mar.
0,250
6,250
1,772
3,311 537,000 fe e t ; in 1890 to 230,572,000 fe e t. W it h th e r e tu r n o f
Jan. 1 P> Mar. 3 1 .,..,
THE CHRONICLE.
A p b il 24, 1897 .J
normal business conditions it is reasonable to expect the
movement of passengers and freight will be restored to
former proportions.
There are other losses of traffic which are permanent. The
revenue received for the transportation of logs during the
last year amounted to only §79,510, a loss of §39.789
from the preceding year. The lumber proiucts of the West
ern Division likewise have largely decreased in consequence
o f the exhaustion of the pine forests along its line. These
losses have already been partially met by gains in other
directions, and it is believed the acquisition of new business
which is within reach will fullv repair the deficiency.
New Connections Opened.—During the year a connection
mile in length— E d s .] wa3 made with the Detroit & ia c k inac Ry. at Bay City. This improvement involved the con
struction of an expensive iron bridge across the Saginaw
River, the cost of wnich was born equally by the Detroit &
Mackinac and the Flint & Pere Marquette companies. The
new line was opened for business Sept. 20, 1896, and is now
bringing to us a substantial addition of traffic.
The extension of the road from Monroe to Toledo [25%
miles, of which 18% miles is owned in the name of the
Monroe & Toledo Ry. and 6% miles is trackage into Toledo
over the Ann Arbor Railway— E d s ] was completed during
the past year and has been in operation since Nov. 16, 1896.
The increase of traffic resulting has been exceedingly grati
fying.'
Manitowoc Car Ferry.—The car ferry steamer “ Psre Mirquette,”constrncted to ply between Ludington and Manitowoc,
did not eater upon her route until Feb. 19, 1897. She is now
in regular service and has shown an ability to meat all the
conditions of our lake navigation. This acquisition, whica
practicallv extends Jour tracks to a connection with the great
railroad systems of Wisconsin, promises an important addi
tion to the traffic of the company.
Prospects.—No further extensions are contemplated. With
western terminals at Mihvaukee and Manitowoc, and eastern
terminals at Detroit, Port Huron and Toledo, the Flint &
Pere Marquette is advantageously situated for local and
through traffic. Upon the return of business activity and
the maintenance of fair rates for passenger and freight
service, it is not unreasonable to expsct a more favorable
financial exhibit in the future.
linancial.— [The expenditures on account of the Toledo
extension amount to 8346.331 (of which 8338,174 incurred in
1895) and on the new car ferry to §286,179. Thes9 items have
been carried along in bills payable and explain the increase
in floating debt. The funded debt has been decreased by the
payment of,§40,000 equipment bonds. The company during the
year has shown its enterprise in several ways: (1) By establish
ing the Manitowoc ferrv for transfer of freight across Lake
Michigan without breaking bulk (replacing the old Sheboygan
route on which breakage was necessary); (2) by building the
line to Toledo and so sscuring connection with the Columbus
Hooking Valley & Toledo and other railroads; (3) by securing
the Bay City connection with the Detroit & Mackinac, and
(4) by the development of Pointe aux Barques on Lake Huron
as a summer resort, with club quarters, etc. It is too soon
of course for the earnings to show the full effect of all these
changes, some of which, as said above, having been but
recently completed.—Eds.]
gJOperations, earnings, charges, etc., have been as follows:
O
perations—
1895.
1894.
1896.
1893.
637
639
Miles op. Dec. 3 1 ...
648
635
Passenger m ileage. 23.099,819 30,009,707 29,130,591 31,893,420
2*385 cts.
Rate per pas-, o tn. 2*217 cts.
2*254 cts.
2,417 cts.
Freight (tom ) iuii'g.188.228,572 162,844,175 129.792.905 143,438,731
1-032 cts.
Rate p. ton p. m ile.. 0*737 cts.
0*836 cts.
0-997 cts.
Earnings—
$
$
$
$
660,756
P a sse n g e r................
716,528
731,554 )
1,685,773
F reight......................
1,564,866 I 2,725.237
1,821,414
112,450
103,404
95,911 )
Mail, express, e tc...
Tot. gross earns.
1,936,458
658,162
74-63
Expenses—
Total disburses.
Balanee tor y e a r....
A ssets—
Stocks and bonds.
Material and sup’s .
Uncoil, earnin gs_
_
Cash...........................
M iscellaneous..........
2,067,054
1,863,506
642,200
74-37
1,744,295
618.035
72*91
2,067,054
658,183
75-85
ACCOUNT.
, 1896.
$
658,162
1895.
$
642,200
1894.
$
648,035
1893.
$
658,183
613,323
67.243
610,248
611,121
605,161
680,566
def.22,404
610,248
snr.31,952
611,121
sur.36,914
605,161
8Ur.53,022
GENERAL
Road and e q u ip ....
Steamers...................
2,725.237
J
IN C O M E
Net earnings............
Deduct—
Interest on bonds
and floating debt..
2,392,331
z. 312,294 i
221,821
921,353 V 1,744,295
123,808
284,225
327.893
214,809
921,500
124,996
347,260
T o ta l...................
Net earnings.........
P c. o f exp. to earns.
2,503,705
2,594,620
Maiut. ot way and
structures..............
M aiot. or equip’t . . .
Cond’ g transport’ !*.
(General.....................
Lake transiiortat’ n..
BALANCE
DECEM BER
31.
1894.
1896.
1895.
#
$
$
21,405,784 21,378,895 21,352,430
453,564
453,564
366,320
2 *O.l 79
706,300
*706,300
706,300
75,462
74,675
98,626
81,934
85,910
111,161
51,373
108,320
94,707
185,684
1446,327
198,339
1893.
$ «
21.345,500
453,564
23,029,954
22,888,835
Total................... 23,491,452
22,906,747
700,300
85,016
87,546
68,990
141,919
L ia b ilitie s —
Stook, com m on ___
Stook, o r e fe r re d ....
Bonds (see Su p . ) . . . .
Bills p ayable---------I Int. and dividends..
State taxes ..............
Demand liabilities..
M iscellaneous..........
Profit and lo ss.........
797
4896.
1895.
1894.
1893.
$
$
$
$
3,500,000
3,50u,000
3,500,000 3,500,000
6,500,000
6,500,000
6,500,000
6,500,000
10,339,000 10,429,000 10,179,000 10,219,000
1,039,827
553,449
765,327
714,598
113,443
118,777
116,693
117,026
45,104
45,539
44,020
67,259
342,591
2 4 1 ,9 9 )
211,831
241,296
43,517
65,324
46,454
23,148
1,512,970
1.575,374
1,543,423 1,506,508
T o ta l................... 23,491,452
23,029,954
22,906,743
22,883,835
* Includes $153,000 pref. and $211,300 com m on stock unsold,
t Includes “ Monroe & T oledo RR. Oo ” , $346,339.
—V. 63, p 652.
Sunday Creek Coal Co.
('Summary of business for years ending Dec. 31. J
One of the best mines. No. 10, was accidently destroyed by
fire on December 1 last. The expense for reconstructing this
will have to oome out of the earnings of 1897. The results
for the year were as follows :
1896.
R eceived from sale o f c o a l....................................... $314,484
83,398
Net Income from rents, royalties, etc., e t c .......
1895
$3 89,l i 8
88,649
Total....................................................................... $397,882
Cost of production o f c o a l....... ............................... 297,428
$477,867
363,418
Net in co m e .............................................................$100,454
Interest on first m ortgage bonds.... ...........
$24,000
Other interest and disoount item s..........................
5,004
T axes.............................................................................
7,532
$114,449
24,000
7,473
7,229
Net in com e................
Betterments to houses,real esta e and m in e s...
Sinking f u n d s ..........................................................
Surplus fo r dividends*.........- ............................
$36,536
$63,918
19,457
7,141
$38,702
$76,747
12,185
7,158
$37,319
$56,404
- In February. 1895. paid 3 per cent on preferred s t o o k ; in February,
1896, 3 per oent; in February, 1897, 2 p er cent.
B A L A S C E SH E E T D E C E M B E R 31, 1896.
A ssets.
L ia b ilitie s .
Investm ent aeot. Deo.
P referred s t o o k ..$1,500,000
3 1 ,1 8 9 5 ............... ...$ 3,38 1,62 4 I Common s t o c k ... 2,500,000
Re investm ents during
Bills p ay able....... ..........
73,567
1896..............................
19,457| Accounts p a y a b le .......
28,656
Treasury stook (c o m .)..
250,000 1 First m ortgage bon d s..
4 0 0 ,0 )0
Supplies on hand..........
1,989 |S inkiu gfnn d...................
14,298
Bills receivable..............
77,147 I In c o m e ....... ...............
203,823
Bonds in sinking fnnd
7,462 |
(tnc. premium) .........
A ccounts receivable___
296,582 |
Cash..................................
3,262
Connor's P oint B ook
182,820 1
Total assets................. $4,720,345 | Total liabilities........... $4,720,345
American Bell Telephone Company.
(Report for year ending Dec. 31, 1896.J
The usual statistics were published in the C h r o n i c l e of
April 3 page 661. President John E. Hudson says in p a rt:
Measured Service System.—The adoption by many more of
the exchanges throughout the country of the measured ser
vice and party line systems, under which the service can be
furnished at the lower yearly rates has contributed materially
to the gain of subscribers, bringing the telephone within the
reach of many whose requirements for service are limited.
One effect of the new system becomes apparent in the slightly
reduced average rate of daily exchange usage—about onefifth of a call per day—made by each subscriber throughout
the country,
Additions to Toll Lines.—The extensive addition to the toll
line systems, both of the local and long distance companies,
is a notable feature. The new lines are substantially built
and for the most part are equipped with copper wire in
metallic circuits. Not less than 7,500 miles of new pole lines,
carrying 53,000 mile3 of toll wire, have been constructed
within the year, making the total length of wire employed
for this purpose upwards of 268,000 miles. Within four years
the mileage of toll lines has been doubled.
Long Distance Company’s System.—In the Long Distance
Company’s system there were on Jan. 1, 1897, in operation,
7,344 miles of pole lines and cables and 107,409 miles of wire,
connecting 183 offices; an increase during the year of 1,543
miles of pole line and cables, 17,048 miles of wire and 34
offices. In all there are 32 companies reached whose systems
furnish our long line terminals. These companies report a
total of 259,198 stations, of which 105,091 (40'54 per cent) are
connected by metallic circuit. And of these 105,091 stations,
21,452 are equipped with long distance cabinet sets. The im
portance, not only to the business of the companies, but to
the general business interests of the country, of this rapid e x
tension of the lines can hardly b-> over-estimated. Isolated
exchanges are steadily becoming less in number.
The Long Distance Company bad invested, up to Dec. 31,
1896, in line construction, franchises, equipment and sup
plies, §13.187,299. The company shows an increase in gross
earnings in 1898 over 1895 of 20’6 per cent, the amount for
1896, gross, being §1,599,589 74.
Expenditures by Licensed Companies.—The companies op
erating under our licenses expended during the year §8,275,929 for new construction, to which amount is to be added an
expenditure of 81,160,924 for land and buildings. With the
large cost of construction in cities of considerable size, tho
erection of suitable buildings for the operation of the service,
has become, at many points, a matter of business necessity.
The total investment in real estate, already in use or to be
THE
798
*a>r>i
o f t'the
tuu
m%
WH
C H R O N IC L E .
[VOL. LX1V,
lows : Brooklyn Height*, 80 per cent; Nissau E ectric, 24 per
cent; Brooklyn City & Newtown, 10 per cent; Coney Island &.
,, i dotation.—In theauitof the United Stutest.'s, Brooklyn, 6 per cent. by the bridge trustees provides as to the
The report adopted
ii-an
it Telephone Company and Alexander wra
th*, complainant began to introduce evidenoe 'n surface roads as follow.-;
1, The
surface
an ag
A.itril "7 t m and continued thereafter with some ment for fouroarnmnn companies above named shall unitn Inork on ree
the
use of a single track going to Xew Y
the'V- i.mil July 2,1896, when a short adj mrnment n o r t h roadw ay ami returning mi the south roadway.
2, The cars shall b« propelled h r eioecrie power.
. nut the h. ilth of Sp« nial Assistant United btatea
>ti for i ♦ration of the telephone business, is upward
(MHO,
3, The location o f all trucks, switches, platform s, etc , sh ill be u n d er
C h a r Wa S. W h itm a n , 1- 4 .. su b s e q u e n tly b e c a m e so
the absolute control o f the Chief Engineer o f the bridge, and all plans
ly im p s red that there hud 10 be an indefinite post- fo r construction sb a ’l b o approved by him.
4, The expense o f all necessary changes and o f all tracks, platform s,
ponero* — o • <-»e oroceedioic*. He died on Sept. 11,18- b, an
i-nt •f the
etc., shall be apportioned am ong the oomoaulas. and all construction s
. his position has since been appointed.
bo iac<sensor t
shall Immediately becom e the property o f the bridge
„f the United States rs. the A m e r ic a n Bell Tele5, T he com panies shall p an for m b passenger transported across
In ll
•t al,—the go-called Berliner case—the Gov- the bridge such sum as shall be determ ined by the trustees, and In
p h on
„ . r -1 !, I k a n appeal from a decision in favor of the /le addition thereto 5 cents per round trip for each oar operated across
ern tt
, ,
ant by the Circuit Court of Appeals o^ th eH m t District. the bridge.
6 The trustees shall lu v o fall p ow er to regulate speed o f cars,
their headway and the stvle o f cars, platform s, etc., to be used. T h e
Tbisapp.nl wa* argued Nov. 9-11 last,
com panies are to file a bond to ensure the p rom pt com pletion o f the
yet rendered its deeisioo,— V. 04, p . <00.
necessary changes, and separate bonds to ensure observance o f the
: rules and regulations to be laid dow n.
At
g e n e r a l
in v e s t m e n t
n e w s
.
As to t he elevated roads, the report in general is similar to
that for the surface lines, but it also provides as follows :
1. The companies shall unite in an agreement for the conn ection o f
their present, trucks with that) ridge at some point south o f n i l ary
Street, so tllai their trains shall reach the north track o f the present
bridge railroad by a single track and shall also leave the south track o f
llie bridge railroad by a single track,
, ,
2-4. The provisions o f sections 2 aud 3 are substantially the sam e
issues o f th- I nvestors ’ and Street R a il w a y S upplements ns In the preceding report touching the snrfaoe roads dooilou 4 re
m aylm rt Hdily found by means o f the follow ing index. This quires that the necessary rights o f way and franchises shall be paid
lor bv the com panies.
index does not include matter in to-dav 8 CHRONICLE.
S,
Each oar of either com pany intended to be used on the bridge
S t r e e t R a i l w a y s — (G o n .)
railroad shall be equ pped with the same style o f grip, braking a p p li
R A IL B O A B S AND M 18CEL. C O 'S.
Volume 6 4 Vaffe. ances, etc., as the bridge cars, and one ear o f each train s h ill also be
V o lu m e * * P age
h
lr. 128
C,‘,iaia.H .V- ATol..reB*oi.a/p«*fs. jM C ap ita l R y. (T ra nn fo rt K jr,)...» a vr.*2 8 equipped with electric m otors identical w ith those used on the bridge
JaAronv.. Tampa h . ./mW-••£«*»- *o* n t lz m is ' T r a c .O uR vD (B a ltoal.> r«ra . 810 trains. Bi-tween the point where connection Is m ade with the bridge
A K il instiihn t. /oo C o l. A Murj-Iaml . k'co,C .).rm
.
I_,-,u h v . y A ..v O
iallas City " ‘ —
Street.'
.......... freer. 587 cable and the station nearest to the bridge the trains shall b e r u u b y
li
—
>\ Y H > n t. A H . R . > ri.fHna. plan. 755 I D a1
EIU»% ■
. o i ...t » . ta
,
..
Kit.lr” G UU. .A L I U ' -. El..,.r«f*.. ct/s. 42- their electric m otors.
.
o u h S t,
s
From the time when the locom otives shall b o detached from the soul
oWwiiaV^X'.Vr R.&G.R..SOM J66 F or-erotp l e ’s & aAilrweanya.,l \StJLt,..recw. A l l
,
P
R
s do
reoro. 619 trains at the station aforesaid unrit it is attached again on the return
P_
G e t t y_ u r g _____ J R v ..
sb
E le C trie
-forecL 707 of the train from New Y ork the bars shall be under the exclusive m an
4m HiiflilanVi "Ave. ~ "*Belt (Birmmg
&
street Railways.
Ilk'u. Ala.)............r v .recur. 70/ agem ent and control of the trustees of the New Y ork and B rooklyn
,
reew. *07 Bridge and o f their em ployes.
Austin iTi’ W l ' U ' ■ ■■■■rmvr, 422 M oICeespurt D . & W . ..
«. The trustees shall have full pow er to make any other regulations
n,
v
Karine. Wl*.l feefg. 818 H an n ib al (M o.)S t- Ry.revort.ed wkh 610
In iltin iap . ,.v B ro a d Rlp.rwvr.mked, 664 w hich shall seem reasonable relating to the transportation of cars
.
........
Bitomtina Tranlrlt
BrewAlvn El... .rmW.:r&*rg,plan, now M et. W est S id e E l. (C h ic .)... .rmrg 611 over the bridge, including the paym ent o f tolls or fares, etc.
j , , . ' V pnnllOi. 7 8 South Jersey Traction.......... .sold, 567
1
7. The companies shall p ay fo r each passenger transported across
T a c u in a R y , & M o to r,,..............sold. COo
BErtiamon n » t K'u.nric..... »«»<{.
the bridge such sum as Tile trustees shall fix, aud in addition th ey
B au « Cowsol. St. Ry.
... / « r « t 088
shall pay 12 hi cents per round trip for each oar transported us a fore
American Unicrry Co.—Petition fo r a Receiver.—Imolv- said, but if the ears should at any tim e bo operated across tbe bridge
nirti Sot Aliened.—At Trenton, N. j., April 19, Judge Kirk by the com panies with their ow n p ow er the sum fo r rouud trip f o r
eaeh ca r shall l>e 5 oents.
Raonrani/fltions, flic. -Latest Data a* to Default,, Reor
ganization Plans, Payment o f Overdue Uoapons, f f l x All
facts of this nature appearing kince the P lic a t io n of the t e l
patrick in th> United States Circuit Court heard arguments
of counse l f, r David Hunt and other stockholders asking for
the appointment of a receiver for this company on the ground
of groi.5 mif miluageinent. No charge of insolvency was made,
but it was maintained that the officers had unlawfully and
without the consent of the stockholders changed the charac
ter of the * u-iness from a large wholesale to a small specialty
business, to ti e great loss and injury of its stockholders. The
New York Sun says :
V Circular was retol showing that the com pany dealt on ly hi d e a rs,
fs t b , a r c - n i l ' it'ii'is. f 'c n d i goods and canned g o o ds. Counsel said the
business «vul<J tw « ilol y rained imtcss the Court granted relief. The
comnsnv.s trade murks, valued at $ 100,000, have been abandoned and
dlsiu.sWt of nr«< ilcnlly wit boa t consideration; .‘ 2 oterks now do tlie
work thin f-n iic iiy required 150, Without, taking inventories the
ofllcctsi.-uert a ttmiiifliu statement, and had declared one dividend
without mu knnwledge'tbat it could ho paid from the surplus, and
whit'll, in f jet. hud not been earned. President Marsalis was oln rg ed
with avi'im tii it tu got control nf tlie Btoois, and it was said that his
salary of Sl.i.uoii a year is exorbitant in view o f the srrvioe rendered.
Coot
f.«r the iMunpaiiy assertrd that its indebtedness does not e x
ceed h i " <" 0, and denied the charges o f mismanagament and fraud.
It is said it will take the elevated companies about eight
months to perfect their arrangements for crossing the bridge,
—V. 64, p. 754, 753, 409; v. 63, p. 753, 557.
Buffalo Traction.—Mortgage f o r $5,000.000.—The company
has made a mortgage to the Oemral (’rust Company as trus
tee to secure §5,000,000 of 5 per cent $1,000 forty-year bond-',
to be issued at not exceeding $50,000 per mile of track actually
constructed,—V. 62, p. 547.
Calumet E lectric Street Ry., Chicago.—National Bank o f
Illinois to take the Road —Probable Default day 1.—Receiver
McKeon or the National Bank of Illinois, and Farsou, Leach
& Co., have reached an agreement relative to the Calumet
Electric Street Ry. providing, it is stated, that the bank shall
take over and own the $2,843,000 of 5 per cent bonds (of the
total outstanding issue of $2,020,000) and the $483,500 stock
(issue outstanding $500,000) which were pledged with it as
collate! al; also the real estate and other property of the road.
On the other hand, the bank will surrender to Far son, Leach
& Co. its claim against the firm on account, of loans which
with interest is said to aggregate about $2,600,000. An ar
bitrary valuation of $3,000,000 is placed upon the road, and on
this basis Farson, Leach & Co. will be allowed an interest in
the property which, it is said, will approximate 10 per cent if
a sale is made in three years. As the bank now owns prac
tically all the company’s securities, it is thought no reorgan
ization will be undertaken, though default on the 5s not held
by the bank is expected May 1. Mr. Farson, it is stated, will
continue his connection with the managerrymt, A bill has
been filed to give legal effect to the settlement. In good times
it is thought the road should earn between $50,000 and $100,000 net.—V. 63, p. 1158,
Cape Fear & Yadkin Talley Ry .—Foreclosure Case Re
opened,—At Raleigh, N. C., April 22, Judge Simonton, in the
United States Court, on petition of the New York Committee,
issued an order reopening the foreclosure case for a supple
mentary hearing on the question whether the road Bhall be
sold as a whole (as ordered in the decree recently issued) or in
the sections represented by the three series o f bonds. The
hearing is set for June 9 at the Asheville Court.—V. 64, p.
706.
Central Transportation Co.— Pullman Palace Car.—
Annual Meeting. — Status o f Litigation,—At the annual
meeting held this week by the Central Transportation Co.,
President- B. V. Obdyke read a rep >rt relating to the pending
litigation between the company and the Pullman Palace Car
Company. The “ Philadelphia Ledger ” says :
Ju lg" Kirkpatrick took the papers and reserved decision.—
V, 63, p. 556.
Baltimore & Ohio HR.—Preferred Stock Suit.—' he pre
T
ferred stock case has been argued this week before the United
Sta'*s Circuit Coure at Baltimor
Washington Branch Dividend Passed, —The directors yesteritsy dtcidtd to pass the Bemi-annual dividend on the
Washington branch stock, owing, it is said, to heavy
expenditures for improvements and rolling stock.
The
"Washington Branch RR. is a double-tracked line, extending
from Relay House (9 miles west of Baltimore) to Washington,
D. 0., ;i di.tnnce of Si miles. It has no bonds outstanding,
and of it" ‘- i ',000 stock, SI.002,800 ia held as part security
for tin' T x O. consols of 1887. The State of Maryland also
V
is understood to own $550,000 of the issue. The stock has long
paid dividends of 10 per cent per annum..—V. 64, p. 683,
Brooklyn Elevated R E.—Kings County! Elevated BJR.—
Brooklyn Rapid Transit.—Nassau Eleetrle RR.—Coney
Gland a rookiyn HR,—Brooklyn City & Newtown R R.—
Pontage o f Hill to AUow Street Cars on the Bridge.—Senator
Brsi' l> bill providing that the trustees of the Brooklyn Bridge
'
may contract with any street surface or elevated railroad corj.: ration to run cars from Brooklyn to New York across the
bridge without charging an increase in fare over what the
company that receive* the contract now charges for one con
tinuous rid- on Mi lines was passed by the Assembly on April
21 by a vote of iK ayes to 18 tioee.
Torts /•i.rrd.-- On April 15 the report o f the committee appoinied to <leteri«jne the tolls to be paid by the companies
T he neutral Transportation Co. was leased for a term o f fifteen years
for the priviit gc <J running cars across the bridge was «ub- to the Pennsylvania RR. ‘ o at a rental o f 12 per oeur on the capital
stock, T h« Pullman Co. took a lease o f the Central for nloety-ulne
B i d e d j ' i tt > bridge irustees and adopted by a vote of five to
•
years, assumin'-' the ttnexpired portion o f tho Pennsylvania louse, and,
1u.[ ui'U ", it is understood, are satisfied with the until ite expiration, paid the stipulated 12 per cent. A t the end o f
■ai, but the surface lines arc finding difii- that period the Pullman Co , claim ing it could not earn that interest,
ugrM.itig among themselves a« to the per- offered 4 per cent, and the then directors agreed to take it, but. before
the annual meeting, concluded to subm it the m atter to the Central
' "i~- ** ° i,ri,ig« t! at shall be allotted I &m”pany"’»"stockholders,"who, at the meeting, repudiated the agreej ft. a.ioimom suggested i-i slated as f »l> I ment made by the directors. Tlie Pullman 06. deoUned to pay the old
A pr il 24, 1897.]
THE CHRONICLE
Tate, and the Central Transportation Co. then brought suit fo r the re
cov ery o f its property.
'
The'President's report stated that since the last annual m eeting the
Pullm an Co. had taken an appeal to the Supreme Court o f the United
States from the decree in favor o f the Central Transportation C o.for
$4,235,044. That pending this appeal the Poilm an Co. also took an
other appeal to the Court o f Anneals o f the United Stater for the
Third Circuit, thus raising a conflict o f Jurisdiction for the purpose of
securing delay in the flu il d isoisitiou o f the oase. The Central Co.
took steps to have the latter appeal disposed of. and raised both the
question o f jurisdiction aDd m eiits o f the cases. The Court sustained
its jurisdiction, but declined to pess u ooo the merits until the ease be
fore the Supreme Court had been decided. The com pany then movedto have the appeal in the Supreme Court dismissed, nut deotiued m ik
ing any decision as to jurisdiction until the case had been heard ou its
merits. An appeal to advance the heating was denied and the oase
can n ot be heard until next winter.
The Treasurer’s report showed liabilities (including 49,949
shares o£ the company at §38 per share) of $1,784,399 and as
sets (not including equipment and other claims against the
Pullman Company) of §154,375. The receipts of the company,
including §30,000 repaid loans, were §35,755; cash on hand
April 6, 1896, $31,799; total cash, $57,555, applied as follows :
Expenses. $8,117; collateral loans made, $46,000; cash on
hand, $3,437.
The directors are B. P. Obdyke, William H. Lucas, George
K. Reed, Francis F. Milne, John S. Stevens, Thomas G. Hood,
James A. Weir, Henry Whelen. Jr., Milton C. W ork; Secre
tary and Treasurer, Frank Weckerly. Three trustees, of
whom William E Lockwood is one,'.hold a block of the stock
to prevent its purchase by the Pullman Co.—V. 63, p. 754.
Cincinnati Inclined Plane Ry.—Injunction Against City.
—Judge Hunt, of ths Superior Court, at Cincinnati, has
granted the injunction applied for by Col. St. John
Boyle to res'rain the City of Cincinnati and the Cincin
nati Street Railway from interfering with the Cincinnati
Inclined Plane road until the expiration of a six-months
period granted Dec 19, 1896, by Judge Smith of the same
Court. This prevents the opposing interests from tearing up
the tracks as had been proposed. Negotiations are pending
which Col. Boyle believes will result in the city granting the
company a new franchise, but if this is not obtained promptly
application will be made to have the injunction extended.—
V 63, p. 1114.
Citizens’ Street RR., Indianapolis.—Supreme Court Up
holds Company's Franchise—Claim to Perpetuity of Fran
chise Not Passed Upon.—At Washington, April 19, the
United States Supreme Court, by a practically unanimous
opinion, modified aid affirmed the decision of the lower court
in the case of ihe City Railway Company of Indianapolis,
appellant, vs. the Citizens’ Street Railway Company. The
decision is in favor of the company’s franchise, but doe3 not
pass upon the company’s claim that its rights are perpetual.
Summing up the opinion, Justice Brown says:
"W e are therefore o f the opinion that the oomplainant com pany had
a valid contract with the city under the original ordinance o f Janu
ary 18 ,186 4. as amended by the ordinance o f April 7 . 18S0, whioh
w ill not expire until January 18.1901, and that the oontraot and the
ordinance o f April 24 .189 3, with the defendant ooinpany Is invalid
in so far as it may be construed to interfere with the complainant in
the construction, operation and maintenance o f its street ear system
in the city o f Indianapolis. But as we are not oailed upon to express
an opinion whether the com plainant is entitled to a perpetual fran
chise for the city the deoree o f the court below must be modified by
striking out from the second paragraph the words ‘ Without regard to
any limitation o f time mentioned to auy ordinance o f the c ltv ’ and also
the word ‘forever,’ aDd so modi fled it is affirmed.”
This suit was brought by the Citizens’ Street RR. Company
to enjoin the City Street Railway Company, a new corpora
tion seeking to establish itself under agreement made with
the city under date of April 24, 1893, from tearing up or
otherwise interfering with tracks of the plaintiff or from
running its cars over these tracks. The suit brought forward
the question as to when the franchise of the Citizens’ Street
Railroad expired. The city contended that it ended Janaury
18, 1894. The contention of the company was that it had a
perpetual franchise, or if not that a franchise that ran until
1901.
The “ New street-car bill” enacted by the last Indiana Legis
lature was particularly aimed at the Citizens' Company, al
though it applies to “ all cities in the State having a popula
tion of over 100,000.” By its provisions the franchise of the
Citizens’ Company is made to terminate in 1901. The bill
limits all future franchises for electric railroads in cities of
the class refermd to to thirty years, at the end of which time
the Board of Works is empowered to offer the privileges en
joyed under the expiring contract to free competition, and if
the occupying company shall not be the successful competi
tor, the one that is shall be entitled to purchase the plant and
equipment in use at an appraised valuation to be legally
ascertained.
Injunction Granted to Prevent Operation oflhree Cent Fare
Law.—Judge Showalter. of the United States Circuit Court,
yesterday decided in favor of the company upon the applica
tion for an an injunction to prevent the operation of the
three cent fare law. The five cent fare will be restored
pending the final test of the legislative A ct involved. This
Act provides as follows:
799
Citizens’ Traction Co. of Oshkosh, Wis.—Mortgage for
$200,000.—The company has made a mortgige for $210,090 t o
the New York Security & Trust Company as trustee, to pro
vide means for electrical equipment.
City & Suburban Railway, Baltimore.—Bonds Listed—
On the Baltimore Stock Exchange have been listed the Balti
more Catonsville & ELlicott’s Mills Passenger RR. $500,000
first mortgage 5s July 1, 1916 (principal only is payable in
gold), each carrying the following guaranty:
"K or value received the City & Suburban Railway Company hereby
guarantees unconditionally the puaotnal p a y m sn tof the prinoipal and
interest o f the within bond at the time and in the manner therein
specitted, and covenants in default o f paym ent o f auy part thereof b y
the obligor to pay the said prinoioal and interest o f the w kh in bond
as the same shall beoama due upon demand of the holder hereof.”
The capital stock is §500,000, all owned by the City &
Suburban Railway Company ; Safe Deposit & Trust Company
of Baltimore is mortgage trustee. Road extends from inter
section of Pratt Street and Frederick Avenue to Catonsville in
Baltimore County. 5 51 miles double-track road (U ‘03 miles
single track).—V, 62, p. 547.
Detroit & Lima Northern Ry.—Lima Northern Ry. - New
Line Completed.—The Detroit & Lima Northern will open its
line on May 15 from Adrian, the terminus of the Lima North
ern, to Tecumseb, Mich., a distance of 14 miles. Che road is
an independent property bu: will be operated in connection
with the Lima Northern and will run its cars into Detroit
over the Wabash.—V. 63. p. 229.
Iowa Telephone Co. —New Mortgage.—The company has
made a mortgage for $750,000 to the Illinois Trust & Savings
Bank of Chicago as trustee to provide for improvements, etc.
Kanona & Prattsbnrg Railway.—Incorporation.—This
company has been incorporated at Albany with a capital
stock of §120,000, as successor of the Kanona & Prattsburg
RR. The iocorporators are Lewis V. P. Randolph, J. L.
Suydam. William Carpenter, H. V. Post, Joseph McNamara,
L M Jones, C. P. Pomeroy, J. W. Fowler and W. H.
Nicholas.
Kansas Central RR.—Uninti Pacific Rv.—Foreclosure
Sale May 25.—The Kansas Central RR., extending from
Leavenworth to Miltonvale. Kan., 165 miles, is advertised to
be sold under foreclosure May 25. Of the $1,347,000 outstand
ing bonds §1,345,000 have be-n held as part collateral for the
Union Paoific collateral trust gold note 6s (Morgan notes). For
the year 1895 96 th« gross earnings of the road were $140,846 ;
deficit from operating, §4.180, against npt earnings of $9,979
in 1894 95 ; charges, $155,833.—V. 64, p. 758.
Lake Shore & Michigan Southern R It. —Progress of Ex
change of 7s for New 8%s.—We hear that about $18,000,000
of the new 100-year bonds have thus far been taken for the
old maturing issues. The fact that the old bonds are cur
rency bonds and the new issue is payable principal and in
terest in gold has no doubt been an important consideration
with investors in view of the distrust still felt regarding our
currency condition.
Messrs. Speyer & Co. announce that the offer to exchange
existing bonds for new bonds at 102J^ per cent, will remain
open until June 1.—Y. 64, p. 707.
Lexington Terminal.—Foreclosure Sale Junel.—The fore
closure sale of this road extending from Lexington to Craw
ford, Ga., 4 ^ miles, is advertised to take place at Lexington
June 1. The interest on $44,000 of bonds is in default.
Lonisville Evansville & St.. Lonig Consolidated RR.—
Notice to Holders of Second Mortgage Bonds Dxted Oct. 1,
1886.—The N irton committee gives notice that the time has
been extended to May l, 1897, for the deposit of bonds. More
than two-thirds of the outstanding bonds of above issue have
been deposited.—V . 64, p. 664.
Manhattan (Elevated) Ry.—Assessment for 1895 Vacated
by Court of Appeals—7axes Paid.—The Court of Appeals on
Tuesday reversed the decisions of the lower courts, vacated
the assessment of personal property for 1895, aDd ordered the
Tax Commissioners to make a new assessment. Mr. Gardiner,
the attorney for the company, says in substance :
The amount for whioh the ooinpany was assessed was $16,496,995,
and the tax aotually oollected by the oity was $303,986. This sum,
with interest, amounts to-day to $321,769. Certiorari proceedings
were taken by the Manhattan Company to review this tax. but Justice
Pryor dismissed the writ and con Armed, the assessment. The ooinpany
appealed to the Appellate Division, which on June 8 , 1896, affirmed
the assessment. The oompany then appealed to the Court of Appeals.
The personal property tax fo r the year 1694 ($283,092) was also paid
under protest, and with interest it amounts to-day to $316,449.
A fter a very oompltoated litigation the Corporation Counsel and the
com pany agreed that proceedings In the 1894 ta x matters should
suspended until after the deolsion o f the Court of Appeals in the 1895
case. Henoe, the deci ion o f the Court to day has a direot hearing
upon tile taxes of 1894.
The company contended that no assessment should be made
uoon the personal property, because its value is less than
the company’s obligations, the real value of the personal
property being in the franchises, which are the source of its
earning power, and which cannot be taxed. In the office of
the Corporation Counsel it is held that the fact that a new
" That It shall bo unlawful for any com pany ^organized under the
assessment has been ordered shows that the Court holds that
provisions o f this Act and owning, controlling, running o r o n e r itia g
any street railroad or system o f street railroads in any cltv having a
the company has assessable personal property. A new assess
population o f 100,000 or more, according to the Census o f 1390, or any
ment will be made, and it is claimed the company w ill nave
officer, agent, servant or employe o f such company, to demand, charge,
receive or collect from any passenger upon its road or system o f roads to pay it.—V. 64, p. 517.
a cash fare o f m ore than 3 cents for any one trip o r section. .Such
Memphis & Charleston RR.—Stay in Foreclosure.—In the
com pany, officers, agent or em ploye shall, npon conviction thereof, lie
fined in any sum not less than $50 and n o tm o re thru $500.” —V, 64, United States Circuit Court at Nashville Judge Lurton al
lowed the appeal of the Central Trust Co., trustee under the
p. 754.
bO
<i
THE CHRONICLE,
fV0L. LXIV,
ceiver believe that the results of anoh expenditures w ill be advan
tageous. The committee has therefore determined to proceed w ith
the plan of reorganization, ami has called for the first instalment of
the aesessinent, whloh Is only 10 per cent of the whole assessment.
The negotiations with the Rolaton committee have been
continued as long a3 is considered worth while, and the ex
tension of time for deposits is allowed in order that the minor
ity interest may have opportunity to take part in the reor
ganization.—V. 6 4 ,p. 605.
Pittsburg Bessemer & Lake Erie RR.— The $10,000,000
Mortgage Piled.—The company is filing its new mortgage foi
810,000,000 in favor oft he United States Trust Company of
New York as trustee. The bonds are fifty-year 5 per cent
gold bonds.—V. 64, p. 135.
Quincy Omaha < Kansas City R R .—Sold.—This road was
fc
purchased yesterday at foreclosure sale for §300,000 for the
landholders.—V. 64, p. 470.
\V, >winger. High, A, B . C, First to Thirty-m oth, iuoluaive. B rook,
ton, Jackson, Hanoook, Clay, Shelby, cam
Fronton, Jot kson. Hanoock, w a y . eueiby, Campbell, W enzel,
Roaring Creek & Charleston RR.—Stew Receiver.—Judge
fn ilirb lll. B a r r e t t a n d Morton. Total about 150 mites.
Jackson, of the United States Court, as requested by Henry
Missouri KK.— Llndell Ry. (St. Louis),—Control Pur C. T-rry, has appointed Thomas Fisher Receiver in place of C.
chast l —Edwards Whitaker and Charles D. Me Lure, Preai- T. Dixon. Dixon was called upon by the Court last February
dent and Vice-President respectively of the Lindell Railway to show cause why he should not be removed and also to ex •
0> have purchased “ practically all of the $2,800,000 stock Main why he had failed to issue $150,000 receiver’s certificates
of the Missouri RR. Co. at 170 per §100 share, say 84,000,000, :o complete the road, as ordered by the Court in June, 1895.
parable in cash. The transaction has given rise to rumors This road, which is said to be 36 miles long, was completed in
that a general consolidation of all the St. Louis street railways December last from a junction with the West Virginia Cen
tnav shortly be effected.
tral & Pittsburg, eight miles from Elkins up the Roaring
Missouri Pact tic Ry. — St. Lonis Iron Mountain & Creek Valley, reaching coal lands said to be of importance.
Southern Ry .-N o tice as to Extension o f Bonds.—Vermuye
Southern E lectric Ry., St. Louis.—Change o f Manage
& Co. and Kuhn, Loeb & Co. announce that practically all of ment.—The controlling interest in the stock of this company,
the Iren Mountain firsts have been extended and that no which has been held in Louisville, was purchased recently
further bonds can now be received for extension. Of the by St. Louis men at a price said to be $85 per share for the
second mortgage bonds a very large proportion has likewise preferred and $42 50 for the common stock. A little over
been extended. The second mortgage bonds not yet presented 6,000 shares of preferred and 2,000 of common are understood
will be purchased at par and accrued interest, or for a short to have changed hands. Charles F. Ortliwein has been elected
time they can be extended upon payment of a premium of 1 President, C H. Spencer. Vice-President. Mr. Joseph S.
per cent. This privilege, however, is subject to withdrawal
Minarv, Secretary, was re-elected. Messrs. Henry Nicolaus
‘without notice.—V. (54, p. 567.
and Harrison I. Drummond, with the President and ViceMontgomery llaynerille & Camden RR.—Mortgage for President, comprise the new directory.
Si
• i Authorized.—Tin stockholders on April 13 author
•
•
Trnns-SLlssouri Freight Association.—Petition fo r Re
ized an issue of 81.4CO.OOO thirty-year first mortgage 5 per
cent gold bonds. It is hoped to build the road from Mont hearing.— At Washington, April 19, John F. Dilion, as coun
gomery to Camden, Ala., 75 miles, this year. The coutrac' sel for the Union Pacific, the St. Joseph & Grand Island and
for building the first 25 miles has been let to Messrs. Joseph the Missouri Pacific rail way companies, filed a petition with
(itannim & Co. of Pittsburg. Work is not to commence until the Supreme Court for a rehearing of the case recently de
a subscription of 820,000 is secured in Montgomery.^ The cided against the Trans-Missouri Freight Association.
Judge Dillon in his petition presents the following argu
officers of the company are: President, Sol. D, Bloch; Secre
tary. Major James T. Beck; Treasurer, Hon. John L. Cobbs; ments for reopening the case:
A doubt exists whether only thA particular tariff agreement o f March
Chief Counsel, Governor Thomas G. Jones: Chief Engineer
15 ,188 9, is affected by the decision,
a
injunction
Mr, Janes T. Miliner. Hayneville and Camden arethe county is authorized against the eighteen or whethercomgeneral forDiddlng
defendant
panies
seats of Loundes and W ilcox counties respectively. They lie them to violate the Anti-Trust- Law.
To issue a general iniuuction or any other sort o f iniuuotiou, ex cep t
southwest of Montgomery, and at present axe reached by no
against-the particular agreement set forth in t h e b ili o f com plaint,
railroad.—V, 64, p. 611.
would, be contrary to seclion tour o f the Anti-Trust A ct, which requires
Montreal afreet Ry,— -Veto Stock.—The directors, it is that the petition for an injunction shall “ set. forth the ease.” A
authorized
issue a general injunction
stated, have decided to issue immediately §500,000 of new «ourt is not law. No “ oto e ” has been presented, theon a general duty
to Obey the
is
proceedings hav
stock, instead of $1,000,000, as permitted by the shareholders. ing been w ithout com plaint or answer or proof or hearing or do ter
mination. If the statute is construed as authorizing the issue o f a gen—V. 84, p. 80,
eraU m ttnetion.itis contrary to article 3 o f the Constitution, which e x
Xeir Albany Ry .—Bondholders’ Meeting.—-A meeting of pressly defines the ju risdiction o f the courts as extending t o ‘ ‘oases. ’
the bondholders was held in room 19 The Louisville Trust A general injunction if issued w ou ld settle nothing. To make it e f
Co, building on Tuesday, April 20, The Louisville Trust Co. fective it would be necessary for the court to determ ine specifically
just w hat acts have been comm itted and w hebhcrtliey w ere within the
is one of the mortgage trustees.
general purview o f the luj unction.
......
A committee consisting of Messrs. Louis Hartman, of New
A general Injunction would be void, m oreover, under A rticle Fifth o f
Albany, Lafon Allen and W . R. Belknap was appointed, with the Constitution, because it w ouid undertake to deprive defendants or
life, liberty and property without due process o f law. The aots fo r
power to call another meeting whenever necessary
bidden by the Anti-Trust A oc arem lsdem oanors.ptinishable by tlueana
New York k Harlem R R.—Meeting to Vote on New Mori Imprisonment, aud thus constitute a crim e demanding trial b y jury. A
gage.—The stockholders will meet at the Grand Central Sta court o f equity, w ithout a ju ry , is incom petent to try crime.
When it
o f March 15. 1889, was dis
tion, Nt w York, May 18, 1807, at 2 p. M,, to authorize the new solved andwas shown that the agreem entsubsequent agreement or eonthere was no allegation of a
mertgage r. ouireu to carry out the refunding plan. The s, iraey, the MU should have been dismissed. The court overlooked, it
mortgage will secure 3*2 per cia t bonds for an aggregate Is claimed, also, the proceedings o f Congress in enacting the statute
Congress Intended to
principal sum not exceeding $12,000,000 payable May 1, A. D, under consideration. These show thatcom m on carriers only ap p ly the
Anti Trust provisions in the case o f
to cases
206M iisU-ri st payable semi-annually, both principal and in where the combination was tor the purpose o f raising rates oi trans
.
u-rest to be payable in gold coin of the Coifed States of the portation a bove what la just and reasonable, i f the statute applies to
present standard of weight and fineness. The mortgage is to transportations by com m on carriers, its terms aud provisions mus.t he
according to
law meaning.
,
_
cover "any or all of the railroads, terminals and ocher prop- construed it is olkiuftcl, their com m on should be granted, to b o .had atFinally,
the rehearing
ertie-f, leasehold interests, equipment and franchises and in the same time as the hearing o f the jo in t traffic ease; or a t least the
question o f granting a rehearing should not be decided adversely till
come of the company,”—V. 64, p, 755,
after the joint traffic case Is heard. To do otherwise m ight work hard
Oregon Improvement. - Waterbary Committee to Proceed ship an d ‘i njustice to the defendants. -V . 61, p. 66S.
with K,‘ Tuanizatum~Assessments Payable May 11—Penalty
Hutted States Electric Light.— New Debentures — The de
on IVfKwrif* after that Date.—The Waterbury Committee an
nounces sta Intention to proceed with reorganization under benture (i per cent bonds for $300,000, due May 1.1907, which
were authorized at the annual meeting at Harper’s Ferry, are
tii-.- pun summarized in the Investors’ Supplement and fully
ir*. r;’-d in the Chrokiclk, V, 62, p. 900. The first instal offered to the stockholders at par to provide for improvements.
Utah Central Ry.—Foreclosure Sale, May 8.—The sale of
ment of tIn- cash assessment on the old securities hag therefore been called and must be paid on or before May 11. This this road, which was to take place on April 17, has been post
_________ _
instalment, being 10 per cent of the total assessment, is asfol poned till May 8 .—V , 64, p. 713.
lows: On each consolidated mortgage bond, $12 50; on each
share of preferred stock, $1 25; on each share of common
—The United States Life Insurance Co., 261 Broadway, is
stock, $1 III, Further deposits of securities will be received presenting to its friends a very attractive volume written in
without penalty to and including May 11, See further par support of the principles of life insurance as a beneficent sys
tictilars in our advertising columns.
tem. The title of the book is “ The Ideal Protection” , and xs
The deposits wilh the committee are as follows
from the pen of Mr. William T. Stauden, the Actuary of the
-rent-nil mottg*S*, tor a stay in the foreclosure under the conS S u t# d worigege which was ordered in February last. The
casr. it is now expected, will go over until the October term
o f the Court.—V . 64, p, 878,
Metropolitan Railway Company of LoulSTlUe.—/neorpoThi.« company has hmn incorporated by th? foUoffiriir
each owtdm five shares of stock, who are also
the dim-tors: «eo. U. Harm, Washington, D. C ; Robert
Kilgore P. Galt Miller, J. W. V oolfolk, N ew Aork City,
Huch R Garden, John H. Ds W itt, James F. Grin-tead,
T h o m a s F. Hargis. The authorized capital stock is §1,000,000 . in shares of 8100 each.
. ,
Tin- company by its articles of incorporation is authorized
to build and operate a railway through the following streets :
M-on Store, Frankfort, Market, Jefiersoo. Steen. Walnut, Chestnut,
u['«ay. York, Breckinridge, K entucky, St. Catherine. Oek.Orms-
Deposited.
F lrn m ortgage b o n d -. ............ .................... $3,418,800
CecvnlMamd mortgage bond*....................... 3,8*2,000
G-.Htmnn tttirt preferred M ock........................A M ajority
Total issue.
>43,081,000
0,214,000
$7,310,000
United States Life.
—The new loan of the City of Cleveland four per cent sewer
bonds, due 1924, are offered for sale by Messrs. W. J. Hayes
The committee in regard to the property says:
& S oup . See advertisement.
The art eurtllBSM as reports I by the reoeivor, ara now showing In
,
—Attention is called to a list of municipal bonds advertised
Area*- over !»«l year. Th» receiver also reports that the outlook it
r.r r *V.". Th« Ilia” has owne however. In ttm opinion noth of the on our viiith page by Messrs. Rudolph Kleybolte & Co.
cotmii.utra and the receiver, when a certain mimbarof Improvements
—Messrs. N. W . Harris & Co. will occupy their new offices
• purchase* for the benefit o f the com pany which the assessment la
latcndeU to cover should be made. Both the committee and the re at 31 Nassau Street on May 1st.
THE CHRONICLE.
A pril 24, 1897,]
801
B r o u g h t 'o r u -a r d —
R e p o r t s
a n d
S o c u m e u t s .
PITTSBURG CINCINNATI CHICAGO & ST.
LOUIS RAILWAY COMPANY.
SEVENTH ANNTTAT. REPORT FOR THE YEAR ENDING
DECEMBER 31, 1896.
April 12, 1897.
To the Stockholders of the Pittsburg Cincinnati Chicago & St.
Louis Railway Company:
Your Directors submit herewith their report of the opera
tions of your line, and of the other roads in which you are
interested, for the year ending December 31st, 1896, showing
the physical condition of these properties and the financial
condition of your Company at that date.
P it t s b u r g , P a .,
E xtraordinary expenditures in widen
ing tunnels, bridges, &c., Pittsburg
D iv isio n ......................................................
Five-sevenths loss in operation o f St.
Louis Vandalia & Terre Haute R R .......
Cash advanced Cincinnati Richm ond &
F ort W ayne Railroad Com pany to p a y
interest on bonds.......................................
Discount in exchange o f consolidated
b o n d s ...........................................................
156,563 54
197,738 04
19,185 69
72,720 00
1 486,585 54
Surplus on all lines operated for 1896.
Surplus on all lines operated for 1895.
$429,149 15
1,022,897 46
D ecrease as com pared w ith 1895
Surplus of incom e on all lines fo r the
year 18 96....................................................
Balance to credit profit and loss account,
D ecem ber 31st, 1895................................
$593,748 31
$429,149 15
714,194 42
$1,143,343 57
Deduct :—
Amount paid in settlem ent of sundry old accounts
295,251 19
PITTSBU RG CIN CIN NATI CHICAGO A ST. LOUIS R A ILW A Y .
M ain Line (including Steubenville E xtension Pennsyl
Balance to credit profit and loss, Decem ber 31st, 1 8 9 6 -. $848,092 38
vania R ailroad, 1-23 m iles)............................................................ 943-41 miles
B ranches....................................................................................... 148-13
Statement showing the conversion of stock and the exchange
Line used jo in tly with other com pan ies................................
59-47
and retirement of bonds during the year 1896, and the
amount of each outstanding at the close of the year.
T ota l........................................................................................1,151-01
STOCK.
E a r n in g s .
1896.
Freights.................... $9,730,176 63
Passengers............... 3,387,608 10
Express.
411,207 16
Mails.
660,489 72
Rent o f r a ilw a y ....
46,322 00
10,652 75
Other rents . .
Miscellaneous
123,905 92
1895.
$10,645,368 24
3,499,639 95
421,635 83
660,131 14
44,877 18
8,884 34
159,170 14
D. $915,191
D. 112,031
D. 10,428
I. 358
I. 1,444
1 .1,768
D. 35,264
.$14,370,362 28
$15,439,706 82
D. $1,069,344 54
$12,485 00
$13,414 28
E xpenses .
1896.
1895.
$1,602,140 38
$1,703,386 15
2,136,589 53
2,346,875 14
5,867,911 24
6,267,108 46
294,785 37
273,161 40
687,553 82
658,014 33
D. 929 28
E a m 's p. m. o f road
5
C onducting trans’ n
General expenses..
T axes........................
.
.$10,588,979 34
$11,248,545 48
I n c . o r D ec.
61
85
67
58
82
41
22
I n c . o r D ec.
D. $101,245
D. 210,286
D. 399,197
I. 21,623
I. 29,539
77
61
22
97
49
D. $659,566 14
R atio o f expenses
73'69 per cent. 72 95 percent.
I. 0 ‘84 per cent.
Gross earnings o f the P ittsburg Cincin
nati Chicago A St. Louis R ailw ay.........$14,370,362 28
O perating expen ses...................................... 10,588,979 34
Net earnings............... ...........................
A dd:
General interest........................................
Interest on investm ents.........................
$3,781,382 94
$11,854 88
56,811 90
-----------------------
68,666 78
Total net revenue fo r 18 96.....................................................$3,850,049 72
T otal net revenue fo r 1895.................................................... 4,234,827 33
Decrease
From the above net revenue for 1896___
Deduct payments as follow s:
Interest on consolidated m ortgage 4 U
2
per cent bon ds..........................................
Interest on consolidated m ortgage 4 per
cent bon ds...................................................
Interest on bonds o f Pittsburg Cincin
nati A 8t. Louis R ailw ay Com pany___
Interest on bonds o f Chicago 8t. Louis A
Pittsburg R ailroad Com pany................
Interest on bonds o f Jeffersonville Madi
son & Indianapolis R ailroad Company
Paym ents under Car Trust contracts,
including interest, A c .............................
Interest oh m ortgages and ground rents
Rent of Steubenville e x te n sio n ..............
Rent of Lake Erie & Western RR., be
tween Indianapolis and Kokom o, Ind.
Rent o f Little Miami RR., between Rendcom b Junction and Cincinnati, O hio..
R ent o f Cincinnati Ham ilton A Dayton
Railw ay, between Hamilton A New
R iver Junction, Ohio.............................
Net profit fo r 1896
N et profit fo r 1895
$384,777 61
$3,850,049 72
$990,000 00
240,000 00
In exchange for—
12 shares com m on stock Pittsburg
Cincinnati A St. Louis R ailw ay
Company at $50 e a ch ......................
9 ijn shares com m on stock Steuben
ville A Indiana Railroad Com
pany at $50 ea ch ..............................
75 shares comm on stock Chicago St.
Louis A Pittsburg Railroad Com
pany at $100 each............................
185 shares preferred stock Chicago St.
Louis A P ittsburg Railroad "Com
pany at $100 e a c h ...........................
$600 00
455 00
7,500 00
18,500 00
— — —---------- $27,055 00
Also under the agreem ent fo r reorganization o f the
Columbus Chicago A Indiana Central R ailw ay Com
pany, in exchange for one incom e bond o f Columbus
& Indianapolis Central Railw ay C om pany......................
500 00
Total e xch an ged ...............................................................
For which stock 0 1 1 e Pittsburg Cincin
nati Chicago A St. Louis R til way C onpany was issued as follow s:
Common stock ...............................................
Preferred s t o c k .............................................
$27,555 00
$14,166 69
13,388 31
Total issued during 1 8 9 6 .................. ............ .
$27,555 00
Stock o f the Pittsburg Cincinnati Chi
cago A St. Louis R ailw ay Company
outstanding D ecem ber 31st, 1896 :
243,471 shares com m on stock at $100
each .............................................................$24,347,100 00
Common s ock s c r i p ................................
2,193 87
-----------------------$24,349,293 87
226,356 shares preferred stock at $100
each................................................................$22,649,200 00
Preferred stock scrip ..............................
2,968 06
----------------------- 22,652,168 06
$47,001,461 93
630,410 00
364,120 00
283,447 50
64,158 68
6,850 00
68,548 64
24,066 72
22,200 00
4 ,9 «6 20
2,668,797 74
$1,181,251 98
, 1,556,400 58
Decrease.
Stock o f constituent com panies outstand
ing Decem ber 31st, 1 8 9 6 :
944 shares com m on stock P ittsburg
'■inoinnat' A St. Louis R ailw ay
Company at $50 each........................
1,723 3882 shares com m oD stock Steu
benville A Indiana R ailroad Com
pany at $50 each......................... —
59 shares preferred stock Steuben
v ille A Indiana Railroad Com pany
at $50 each..........................................
5,346 87 shares com m on stock Chicago
St. Louis A Pittsburg R ailroad
Company at $100 each......................
212 i>282 shares preferred stock Chi
cago St. Louis v Pittsburg R ailroad
Com pany at $100 each .....................
54 shares com m on stock Jefferson
ville M adison A Indianapolis R ail
road Company at $100 each ............
$375,148 60
T o the above p rofit for 1896.................................................. $1,181,251 98
A dd net revenue o f other lines op er
ated by your Company, or In its in
terest, the details o f which are stated
hereafter, viz:—
Ohio C onnecting R ailw ay...........................
$63,610 31
Chartters R ailw ay........................................
93,971 28
W aynesburg A Washington R a ilr o a d ....
14,068 50
Pittsburg Chartiers & Youghiogheny
Railway
................................. . .........
98,380 84
Pittsburg W heeling & K entucky R R .....
63,920 78
Little Miami R ailroad..................................
400,531 00
----------------------734.482 71
From which deduct payments as follow s:
Rent o f Ohio Connecting R ailw ay..........
Rent of Chartier* Railway
Net revenue o f W ayneslm rg & Washing
ton R ailroad............................................;
N et revenue o f Pittsburg Chartiers *&
Youghiogheny R ailway.............
Kent or Pittsburg Wheeling & K en
tucky Railroad..................................
Kent of Little Miami Railroad ............ V
.
Interest on Cincinnati Street Connection
Railway b o n d s.. . . . . . ...............................
There was issued during the year 1896. under the agree
ment of consolidation, in exchange for stock of the constit
uent companies, stock of the Pittsburg Cincinnati Chicago
& St. Louis Railway Company, as shown below, viz :—
$1,915,734 69
$63,610 31
93,971 28
14,068 50
98.380 84
63,920 78
074.926 56
31,500 00
$47,200 00
86,169 66
2,950 00
534,667 00
21,252 62
5,400 00
------------------
697,639 28
Total stock outstanding D ecem ber 31st, 1896.........$47,699,101 21
BONDS
Exchanges were made as follows :
120 first m ortgage 7 per cent regis
tered bonds of the Pittsburg Cin
cinnati A St. Louis R ailw ay Com
pany o f $1,000 each were issued in
exchange fo r a like number and
am ount o f coupon bonds secured
by the same m ortage, retired and
c a n o e le d ...............................................
$120,000 00
3 consolidated m ortgage five p ercen t
registered bonds o f the Chicago St.
Louis & Pittsburg Railroad Com
pany o f $1,000 each were issued in
exchange for a like number and
am ount o f coupon bonds secured
l>y the same m ortgage, retired and
canceled ...............................................
3,000 00
-------- --------------- $123,000 00
Bonds were retired through the opera
tions o f nlnking funds, as fo llo w s :
78 first m ortgage seven p ercen t bonds
o f the Jeffersonville Madison A Ind.
Railroad Company o f $1,000 each..
$78,000 00
THE CHR0N1ULE.
bUZ
«*'*! **
-
t»*:»• V
* *
l,3f ^awiUUtPt! nwHg**!* four p^r
’ ® w **«■ * * 1 " bowt* «f U Pitt** t *! ? * >
it*
'bur* Cuiei»J**»tiCWeWO & S Loul#
T.
Ii a;i t y *• ui|titjiv of #1,000 title'It.,
v
**
,
$7&009 O
Q
13* *000 00
$215,000 00
, lr f(. ie-cnn'4 In fvwh tforbw the toir four tlr^t
« iwro-ut tmibftftof the Cmcffmmtl Rich'
tn
rstleasjo llstllWi4 *‘auipauy t*f #1*000 w &
»hieh
3*1, ISOS.*■ .* *■ * »« .• • **••■ •
* ♦ » ■ ».* ***••• *
*¥> rrr
* ti
4,000 00
$210,000 00
■ jp t& wtsiouiit ol bool* retAfoO.......
&i
Brm d-outstanding December Jlist, 18§0:—
ein.-tanatt Ru-lratnod A Cble.igo Railroad Company Oral
-
$1,000
ii.iortsriM*5
per cent. lioMis-,. One 1 8 0 5 . .......... ***
Plttaburg tnncUumU Ac St. Loin# Railway Com pany tlrat
ems*»!iilatr*l mortgas# seven per © eoupoa howus,
ant
•—•............*-j *•*
2,069,000
....... ..............................**- -
-1,794,000
fine iSHHl ............. *\.* * * .................... - —
Fimimr* Cinoinoati »* St. Louis Railway Company first
1
coii^oinlatcHi mortgage seven per cent registered oouus,
due X0 0 0
....... . —
CVrtitmbti* .v Indianai>oiis Central Rnilwa • Company first
aturtsrage *evea percent Omuls, due 1004 ... . .. . .. . . ..
Coiuitihuk A IiulUinapolIs Central Railway Convpfmy se
?
’ eojjt! tons tenge - veajw cent
M
due 1004.... .—
Union
Loganspbrt 1U 5
1road Company first mortgage
sever* twr cent bonds, due 1005.............. .............
Jeffersonville Madison A Indianapolis Railroad
c
Company first mortgage seven per r'eut
bun ;., due 1906.................................... *2,043,000
898.000
U -<895 omuls In slaking fund.............
,031,000
780.000
715.000
I VOL, LXIV,
Dayton Railway, east of Piqua. and at North Tower, Jeffer
sonville. where your line is crossed by the Cleveland Cincin
nati Chicago & St. Louis and the Baltimore & Ohio South
western railways.
Various changes were made in the passenger equipment,
through the replacement o f coaches by vestibule combined
baggage and passenger coaches, the conversion of baggage
into postal storage cars and combined baggage and express
oars, and the addition o f two new postal ears, the result
being au increase of four ears in Service over the preceding
year. There were 183 freight cars destroyed during the year,
partly replaced by 134 box, 28 fiat and 5 cabin cars.
The generally depressed condition of the industries o f the
country during the year is reflected in the large decrease in
the movement of traffic over your lines and in that ex
changed with other railway's at connecting points. This
decrease was especially marked in the movement, o f coal,
both East and w est, and there was a notable decrease in
the general freight business out of Pittsburg, this alone
showing a reduction o f 13,889 cars in addition to about 8,809
cars in coal and coke.
A persistent effort was, made to reduce expenses on your
main line as on all others in. your system. It should be
noted, however, that there was a continued increase in the
amount of taxes paid by the-various companies, the increase
on the main line being §39,539 49. The expenses were also
considerably increased by the extraordinary number of sud
den and heavy rains occurring during the year, especially
between the ist of June and the middle of August, winch
000
washed out the tracks at many points, particularly' on the
Pittsburg Division. The worst storm occurred on July*
30th, seriously damaging the track between Steubenville
and Gould’s Tunnel, carrying away a large portion of Bridge
4 5 , and necessitating the practical rebuilding o f that
structure.
The expenditures on Capital Account amounted to $411,866 00 , consisting o f the following items :—
2.048.000
Jeffersonville Madison & Indianapolis R ailroad Company
1.995.000
..•rand mori khro seven p er cent Pond*, due 1910.............
9t uD.-uviUo A- Indiana K ilroail Company first m ortgage
3.000.
(extended) live per cent registered bonds, due 19 11.........
China it,* S t Louis A P ittsburg R ailroad Com pany consoli
1.290.000
dated m ortgage five per cent cou p on bonds, ilue 193*2...
Chicago St. Louis As P ittsburg R ailroad Com pany consoli
216.000
dated m ortgage 5 p er cent registered bonds, due 1D32-.
P ittsburg Cincinnati Chicago & St. Louis R ailw ay Comanr consolidated m ortgage fou r and one-half per cen t
10, 000,000
on,is, series ’ ‘A,** due 19 40— - ................- ........... ......... —
P ittsburg Cincinnati Chicago A- St. L ouis Railw ay Com
pany consolidated mortgage, fou r and one-ha f per cent
bonds, series “ B,” due 1 9 4 2 ...............- ......... ...................... 10 000,000
P ittsburg Cincinnati Chicago A St. Lotus Railw ay Com
Real e s ta te .,.......................................................................................... $2S9,018 15
pany consolidated m ortgage fou r and one-lialf per cent
R ight o f w a y .......................................
10,949 28
2.000.
000
bonds, series " C ," due 1492...................... .............................
A dditional tra ck s........................... ................................. ............. } 0 .203 93
P ittsbu rg Cincinnati Chicago A- St. Louis Railway ComS t a t i o n s .................................................................................................
7 i '9 * i 9 iSi
puur consolidated m ortgage four per cent bonds, series
Freight c a r s .,....... .......................
28,445 00
due 1945...................'.................................. $6,000,000
The expenditure for real estate represented the purchase
Leas 137 bonds in sinking fu n d ..........................
137,000
-------- -------5,863,000 o f a block of ground at Indianapolis for a freight station,
and the payment to the State of Ohio for a portion of_ the
Total bonds out standing D ecem ber 31st, 1896.................$47,402,000
&
,
The tonnage transported was 10.885,828 tons, against 11,648,490 tons’ in 1893. a decrease o f 812,671 tons, the greater
portion thereof being in the through traffic. The largest
items of decrease were cotton, fruits, and vegetables, an
thracite coal, coke, ores, stone, sand lumber, pig and bloom
iron, -t.-id rails, bar and sheet metal, cement and brick, and
merchandise; while the largest items of in
crease were grain and other mill and miscellaneous agricul
tural products, bituminous coal, and household goods and
furniture.
There was a decrease in freight earnings o f 8 8-10 per
cent, or 8915.191 61. The average rate received was 6 5-10
mills, the same as in 1895, but there was an increase in the
cost of movement of 1-10 mill, the net profit being de
creased to 1 5-10 mills per ton per mile. There was a de
crease of nearly St'd per cent in the ton mileage, mostly in
through traffic.
T h ere were carried 5,555,450 passengers, as compared with
5,861,636 in 1895, a decrease of 326,186, all in the local
travel. There was a decrease in mileage of about 6 J£ per
cent, and in revenue of 3 *2-10 per cent, or 8112,031 85.
T in -re were 8.1*89 tons of new steel rails and 426,628 ties
used in renewals during the year, and ? 8 }£ miles were bal
lasted wit h gravel, 26} £ with stone, and 47 with cinder.
The most important, work done during the year was in
the direction of closing up the gaps in the double track on
the Pittsburg Division. While the financial outlook pre
ven t d t he carrying out of this policy* to the extent desired,
tant a4vance therein was made in the rebuilding
of single-track Bridges 51 and 67 as double-track stone-arch
structures, the completion of the widening and lining, of
Tunnels 7 and 8 on either side o f Bloomfield for double
track, t he reconstruction for second track of 15 single-track
st em-arch bridges o f from one to three spans each, and the
replacement of three single-track iron bridges by two and
three-track stone structures. The tunnels referred to have
an aggregate length of 2,397 feet, are 26 feet in diameter,
lined with masonry walls up to the springing line of the
arch, which consists of six rings of brick, and each end of
the tunnels is finished with masonry portals.
Th- double track was completed and put in operation for
1 29-109 miles from a point west o f Fernwood to Bridge 53
fit Rcr-d Station, the entire increase in second track, sidings,
being 9 31-100 miles.
\ number of trestles on the Pittsburg Division, aggre
gating 967 feet in length, were filled, and extensive repairs
' made to bridges on the other divisions.
First mortgage if*-'riant piece.of work was the completion of
Consolidated mart4 and outbound freight houses at Columbus,
Cemtoon »»d p r e fe r* rrangetnent of the yard tracks at that
The committee in regard tger station was erected at (ireenn«-t earning*, iw reported ions made to stations at various
weaeeover last year. The rocolvww,. .
I
-
canal bed at Hamilton, occupied by the tradks of your Com
pany, under an agreement made with the State authorities,
since confirmed by legislative action. The main item of
expenditure for stations was the cost of the new elevator
and tracks at Fifty-ninth Street, Chicago, for use in trans
ferring and cleaning grain, and which, it is expected, will
bring to your Company a large amount o f business which
has heretofore gone to your competitors on account of lack
o f proper facilities for' handling it. The expenditure for
equipment represented the regular payments on account of
trust cars.
OHIO CONNECTING R A IL W A Y .
This road, which is 3 27-100 miles long, including the bridge
over the Ohio River, connects your system with the North
western System of Lines operated by the Pennsylvania Co.
B a b n in s s .
1896.
1895.
T olls on freig h ts___..$83,231 40 $120,038 00
Tolls on passen gers..
239 00
39 34
D ecrea se
$36.856 60.............
$36,656 9 1
T otals...................... $83,-170 40 $120,127 34
Exp e n se s .
Decrease.
1895.
1896.
Main, o f w ay and stru ctu res.............$10,908 98 $18,817 99 $7,939 01
204 28
C onducting transportation.....................
5,571 48 5,775 76
105 10
105 10
General ex p en ses....................................................
115 05
3,494 63
T ax es......... ............................................. 3,379 63
T ota ls.............................................. $19,8G0 09 $28,223 53 $3,363 44
N e t E arn in g s .
Decrease.
1896.
1895.
$28,293 50
$63,610 31
$91,903 81
C H A R M E R S R A IL W A Y .
Main L in e........................................................................... - ............. 22-76 miles
Chartlers C onnecting R ailroad .................................... ...............
*72
T ota l............................................................................................. 2S;48 m iles
E arnings.
Increase.
1895.
1896.
F reigh ts.................. $134,553 03 $134,637 03
116,803 72 $15,190 00
Passengers............ 131,999 72
533 95
4,299 84
E xpress..................
4.833 79
2,514 84
M a lls ......................
2,514 84
2,973 60
Rent o f ra ilw a y ...
2,973 60
690 00
Other rentals........
............
905 45
M iscellaneous.......
648 45
T otals.................$277,523 43 $262,884 48
Decrease.
$84 00
$14,638 95
$11,196 10
Earns, p. m. o f road $11,819 57
E xp enses .
1895.
1896.
Maint. ot w ay and
$59,933 21
structures.......... $40,580 98
23,827 56
M ainl. o f equipra’t.
23,200 51
105,296 43
Ctmduotl'g tram p .
97,695 28
1,853 31
91
General ex pen ses.
1,325
1 ,5 8 1 2 7
T a x es......................
1,766 26
$623 47
Increase.
Decrease.
$19,352 23
627 05
7 ,6 0 1 1 5
527 40
$181 99
$27,925 84
13-91 p, 0,
T ota ls............... $164,568 94 $192,494 78
73*22 p. 0.
Ratio o f ex .to ca m . 59*30 p. e.
|« o o w w , lu t r„«__T l ™ *t,_ tK-M
T
-o
committee and the receiver, when a certain nuSt*” ™ ’
t n e F it t s % 1 j*jrebates for tfie inmefffc o f the com pany w h k ln c o u r s e Of COHii< j
iatended to cover should be m ade. Both the c o u a t i Hamilton &
Increase.
......... .
$199 66
H ire o f equipm ent
$112,954 49
18,983 21
$70,389 70
18,905 49
$1 2,5 6 1 7 9
77 72
Net earnin gs..
$93,971 28
$51,484 21
$42,487 07
THE CHRONICLE.
APRIL 24, 1897.]
There was a slight increase in the gross earnings and a
large decrease in the expenses, the net earnings being in
creased $42,487 07. The tonnage for the year was 1,680,836
tons, as compared with 1,539,123 tons for 1895, an increase of
141,713 tons, or about 9 '4 per cent. The average rate re
ceived per ton per mile was 3-10 mill more than in 1895. and
the cost deoreased 2 6-10 mills, the net profit being 5 1-10
mills, a gain of 2 9-10 mills. There was a large increase in
the volume of bituminous coal but a slight decrease in the
other items of tonnage. The number o f passengers carried
was 496,530. against 419,755 in the previous year, an increase
of 76,775, or 18 3-10 per cent. The increase in the passenger
mileage was nearly 15 per cent, and the gross revenue there
from increased 13 per cent.
The improved showing of this line is largely due to a re
duction in expenses, the outlay in 1895 having been much
increased by the necessity for widening Bell’s Tunnel. There
were 400 tons of steel rails and 10,626 ties used in renewals,
and there was a slight increase in the length of track, 43-100
of a mile.
WAY.VESBURG & W ASHINGTON R A ILR O A D .
M ain L in e.................................................................. ..................... 23'15 m iles.
E arnings .
In crea se.
Decrease.
1896.
1895.
¥9.939 01
F reigh ts........................ ¥21,989 03
¥31,928 04,
$65 51
30,449 72
P assengers................... 30,515 23
75 36
E x p re ss......................... 1,566 63
1,642 04
M ails.............................. 2,455 88
2,455 88
"i.2 00
Kent o f property............................
12 00
7 74
3 96
1170
M iscellaneous.............
$66,199 38
$9,963 60
Earn, per mile o f road. $ 2 , 0 0 8 20
$2,362 32
E xpenses .
1896.
1895.
Main, o f way <&rstruct.$17,149 21 $17,130 29
M aintenaoceof equip. 4,427 35
10,850 84
'C on du ct's transpor'n. 18,292 73
18.336 15
General expenses....... 1,795 50
786 29
T a x e s .....................
797 1 9
556 28
T ota ls........................$56,530 78
$354 12
In crea se.
$18 92
1,009 21
241 21
T ota ls........................$42,462 28 $47,659 35
R atio o f exp. to earn. 75'11 p. c.
D ecrea se•
$6,123 4 9
43 42
$5,197 57
7 1 6 7 p. o.
3'44 p. c.
H et earnings................$14.068 50 $18,839 53
............
$ 4 ,771 03
There wa3 a material decrease in both the gross earnings
and the expenses, and a decrease in the net of $4,771 03. The
volume of freight traffic decreased nearly 35 per cent, the
largest item thereof being castings and machinery, while
the mileage decreased 36 8-10 per cent. There was an in
crease in the rate received per ton per mile and in the cost of
movement, but the net profit increased 9-10 o f a mill. The
number o f passengers carried increased about 4 per cent, but
there was a decrease in the net profit of 1 8-10 mills per pas
senger per mile.
PITTSBU RG CH A R TIER S & Y O U GH IOGH EN Y R A ILW A Y .
Extends from the Ohio River at a point below Brunot’s
Island, and from a connection with the Pittsburg &
Lake Erie Railroad near that point to a connection with
the Chartiers Railway south of Carnegie, Pa., and from
W oodville, on the Chartiers Railway, to Beadling and
Beechmont, having an aggregate length o f 15 74-100 miles.
It has trackage rights over 1 40-100 miles o f the Chartiers
Railway.
The road is jointly owned by the Pittsburg Cincinnati
Chicago & St. Louis Railway and the Pittsburg & Lake
Erie Railroad Companies.
E a r n in g s .
1896.
M erchandise............ $8,747 49
C o a l.......................... 175,320 14
P assengers.............. 11.168 91
E xpress....................
948 30
M alls....................... .
292 40
Rent o f p rop erty...
772 92
M is c e lla n e o u s ......
599 51
T o ta ls ............... $197,849 97
1895.
Increase.
$9,913 81
138,762 04 $36,558 40
8,976 24
2,192 07
1,179 55
292 40
1,812 30
1,913 97
$162,850 3 1
was a large increase in the volume o f passenger traffic, and
a profit of 2 8-10 mills per passenger per mile, as compared
with a loss in 1895 of o 3-10 mills.
PITTSBURG W H EELIN G & KENTUCK Y R A ILR O A D .
Main L ine........................................................................................ 24 00 miles.
“
B enw ood E xten sion ..................................................................... 4-04
T ota l............................................................................................ 28'04 miles
E arnings .
1896.
D ecrea se.
1895.
In crease.
Freights..................... $151,648 38 $208,979 33
$57,330 95
Passengers.
70,516 57
60,642 63 $9,873 94
6,097 77
E xpress....................
5,645 82
451 95
Mails.........................
3,031 32
3,031 32
Rent o f railw ay___
7,629 40
7,921 85
292 45
Rent of other p r o p .
840 65
525 95
314 70
M iscellaneous.........
647 30
612 30
35 00
Totals................... $240,411 39 $287,259 20
Earnings per m ile of
$8,573 89
$10,248 19
road.........................
E xpenses .
1896.
1895.
M aintenance o f w ay
and structures___ $44,476 14
$45,324 18
Main, of equipm ent. 21,087 84
20,679 27
C’nd’oting transpor
tation......................
84,031 07
81,917 22
General ex p en ses...
2,211 85
2,193 38
T axes.........................
7,290 21
7,591 69
231 25
1,039 38
1,314 46
Net earnings............ $ 6 3 ,9 2 0 7 8
T o ta ls ............... $96,495 53
$99,727 30
R atio of e x p e n se s------ ------------ -------- ----------to earnings.......... 48-77 p. c.
61-24 p. c.
Less rent Chartiers
Railw ay between
Carnegie AB ow er
H ill........................
N e tre v e n n e ..........
2,973 GO
$98,380 84
2,973 60
$60,149 41
2,163 85
18 47
301 48
$113,173 86
$49,253 08
1896.
1895.
In crea se. D ecrea se.
Earnings, freight tolls, &o. .$16,034 50 $10,254 00 $5,830 50
............
E xpen ses................................ 11,665 23 15,748 67
............ $4,083 44
Deficit.
Net earnin gs................... $4,419 27 $5,494 67 $9,913 94
R efunded account expendi
tures, 1 8 9 5 ,........................ 1,026 71
............. 1,026 71
.............
............
Loss.
Profit................................ $5,445 98 $5,494 67 $10,940 65 .............
L IT T L E M IAM I R A IL R O A D .
Main Line...................................................................................... 119-35 miles.
Dayton & W estern B ranch.................................. ................... 53-34 “
X enia & Springfield B ranch..................................................... 19 31
“
E a r n in g s .
D ecrease.
$4,860 08
4,845 35
726 95
12-47 p. c.
D ecrea se.
....................................
$38,231 43
$848 04
$408 57
TH E ENGLEW OOD CONNECTING R A IL W A Y
1896.
$3,231 77
1895.
In crea se.
$ 6 3 ,1 /3 01 $38,231 43
D ecrea se.
T ota l................................................... .................................. 192-00 miles.
N e t E a r n in g s .
1896.
$101,354 44
In crea se.
Is 2 35-100 miles long, and connects your line with the Pitts
burg Fort Wayne & Chicago Railway via 59th Street,
Chicago.
$
$6,607 22
593 39
$1,674 30
The gross earnings of the road decreased $46,947 81, or
about 16!-4 per cent; the expenses increased about 1 per cent;
and the net earnings decreased $49,253 08, or about 4 3 per
cent.
The aggregate tonnage was 741,223 tons, as compared with
923,539 tons in 1895, a decrease of 182,316 tons, or 19 74-100
per cent. The decrease was mainly in fruits, vegetables,
bituminous coal, coke, ores, pig and bloom iron, castings
and machinery, and merchandise. The gross revenue from
the freight traffic shows a decrease of 27 43-100 per cent,
and the net profit per ton per mile a decrease over the pre
ceding year of 2 mills.
The number of passengers carried shows an increase of
19,493, or 14 68-100 per cent. The average earnings per pas
senger per mile decreased 5-10 mill, and the cost increased
1 1-10 mills, the net profit being 4 mills, as compared with
5 6-10 mills in 1895.
There were 298 tons o f steel rails and 11,803 ties used in
renewals, and there was an increase in the length of tracks
of 73-100 of a mile. Seventeen miles were ballasted with
gravel and two with cinder.
The only item o f expenditure on capital account on this
line was $1,450 for the purchase of additional ground on the
river front at Wheeling.
$2,041 99
In crea se.
$46,947 81
Totals.................. $159,147 11 $157,705 74 $1,441 37
R atio o f expenses to
earnings................. 66'20 p. c.
54-88 p. 0 . 11-32 p. e.
$31,264 28 $129,653 46
$48,389 18
Hire o f equip., & o.. 17,343 30
16,479 60
$863 90
$1,166 32
$34,999 66
Earns, per m. o f r’d. $11,543 17
$9 ,5 0 1 1 8
E xp e n se s .
1896.
1895.
M ain. of way&struc. $21,908 58
$26,768 66
Maint. o f equipin’ t. 18,556 19
23,401 54
C onducting transp. 46,550 06
39,942 84
General expen ses..
5,607 05
5,013 66
T axes........................
3,373 05
4,600 00
D ecrea se.
803
............
F reigh ts................... 933,737 00
Passengers.............. 558,198 72
E xpress....................
06,161 73
M ails......................... 114,875 84
Rent o f railw ay ___
34,994 12
Rent o f oth. p rop’ ty
20,045 94
M iscellaneous.........
22,946 97
Totals................. 1,750,960 38
Earns, p. m. o f road
1895.
$
1,061,885
503.331
60,727
108,820
31,994
24,771
22,672
In crea se.
86
39
25
56
12
28
33
5,434 48
6,055 28
*274 64
D ecrea se.
128,148 80
35,132 67
4,725 34
1,907,202 79
............
156,242 41
9,119 59
9,933 35
E xpenses .
1895.
1896.
$
9
............
813 70
M aintenance o f way
and structures_
_ 241,371 33
Main, o f equipment. 231,488 13
C onducting trans
p ortation.............. 829,593 68
38,634 85
General expenses..
T a x e s ........................
71.690 34
In crea se.
252,573 98
284,987 63
882,258 31
38,036 13 598 72
65,790 69 5,899 65
D ecrea se.
11,202 65
50,499 50
52,664 03
The tonnage transported was 1,195,138 tons, as compared
with 873,308 tons in 1895, an increase of 331,830 tons, or
107,868 41
T otals.................1,415,778 33 1,523,646 74
36 85-100 per cent, entirely in bituminous coal. There was
an increase of 23 63-100 per cent in the ton mileage, and Ratio o f expenses to
earnings................. 80-86 p. e.
79-89 p. c. 0*97 p. o.
23 8-10 per cent in the revenue. There was a decrease
$335,182 05
of 7-10 mill jn average earnings per ton per mile, and a de The net earnings 1896 w ere........ .
65,348 95
crease of 2 5-10 mills in the cost of movement, the net result Interest on investm ents, & c........
being an increase of 1 8-10 mills in the net profit. There
Total net revenue for 1896............................................ $400,531 00
THE CHRONICLE.
Sul
[V ol , LX1V,
aggregate tonnage moved was 15.774,851 tons, a decrease o f
748,473 tons, or about 4l£ per cent, while there was a
decrease in the ton-mileage or over 9M per cent. The pas
O n « y t& f* p en t »>f w »im! ,**^*»».**#*.*•»«■»#
Ob# r«?nf,t
f
c* boot!* of CSadio*
si
senger traffic also shows a decrease on tne entire system, the
81,500 00
lists s t i ^ t
Rftil w ny
loss in volume being 383,756 passengers, and the decrease in
12,800 00
tnt*rv«*t o o morts?afi‘s ami gnmutl rent*.
706,420 56 the mileage over 51^ per cent.
The average rate received
$305,805 56 per ton per mile upon the lines operated directly by your
m tw m
250,041 02 road was 0 8-10 mills, an increase o f 1-10 o f a mill over the
lorlSO fi
preceding year. but as the cost was increased to the same
$ 4 8 ,8 5 1 54 extent, the profit per ton per mile was but 1 6-10 mills, the
ln cf8 a «e*l loss
same as for 1895. On all roads in your system the average
I'h.- •arning> decreased $136,343 41. and the expenses de- rate received was 6 9-10 mills, as against 0 8-10 mills for the
r. a'. d $107,s68 41, the net earnings showing a loss of preceding year, but there being an increase of 1-10 o f a mill
4|-8f8T4.
in the cost' o f movement, the profit was, as in 1895, 1 7-10
tonnage carried was 1,SOT.808 tons, as compared with mills. On the roads directly operated, your average earn
l,511,006 tons in 1805, a decrease of 309,808 tons, or 18 82-100 ings per passenger per mile were 2 6-100 cents, and the cost
(,.r cent. Then- was a decrease in the items o f hay, to- 2 3-100 cents. leaving a net revenue of 3-10 o f a mill per
hfu-co, cotton, fruits, vegetables, anthracite and bituminous mile, as against, 8-10 of a mill in 1893. and on your entire
coal, coke, stone, sand, lumber, petroleum, sugar, pig and system the profit was 4-10 o f a mill, as against 8-10 o f a milJ
bloom iron, steel rails, bar and sheet metal, cement and
brick, and miscellaneous merchandise, and an increase in for the preceding year.
In view of the adverse conditions prevailing during the
grain and miscellaneous agricultural products, live stock, greater portion of the year, no effort'was spared to reduce
ores, wines, liquors and beers. The average rate received ihe expenses of operation in all departments, so far as the
jK ton (x t mile was 1-10 mill more than in 1893, but the
*r
cost increased a-10 mill, the net result being a protit of 1 6-10 same could be done without lowering the standard of your
properties. It will be seen by the Income Account that,
mills, us compared with 1 8-10 mills in 1895.
The number of passengers carried in 1896 decreased 6 8-10 after meeting all fixed charges and liabilities of every de
per cent. The average earnings were the same, but there scription, there was a fair sum transferred to the credit of
Profit and Loss. The surplus
was an increase of 9-10 mill in the cost per passenger per sufficient to justify a dividend earnings, however, were not
upon the preferred stock of
mile, the result being a loss o f 8 8-10 mills, as compared with
your Company.
i 9-10 mills in 1893.
There were'but slight changes in the funded debt during
There were 805 tons of new steel rails and 72,301 ties used
the year, and they are fully stated in the earlier part of the
in renewal* and the tracks were increased 1 11-100 miles. report. It will be seen that $78,000 of the first mortgage 7
Twelve miles were ballasted with gravel and eight with per cent bonds of the Jeffersonville Madison & Indianapolis
cinder. Tne wooden bridge at West Jefferson was replaced Railroad and $137,000 o f Series D o f your 4 per cent consoli
bv an iron viaduct at a cost o f $19,777 19, and a brick pas dated mortgage bonds were retired through the operations
senger station erected at London, to supply facilities much of the respective sinking funds established for their re
needed at that point.
There was but little change in the motive power or equip demption.
Under a contract made with the city o f Columbus and in
ment during the year.
The expenditure on capital account amounted to $57,- pursuance of legislation had by the 'municipal authorities
‘..'940. ..f which $37,001 60 represented the payment to the thereof, a viaduct has been completed carrying High Street,
if Ohio for a portion of the old canal bed in the city of its main business thoroughfare, over your tracks and those
Cincinnati occupied by your line. This payment, as before of the Cleveland Cincinnati Chicago & St. Louis Railway
stated, was made under an A ct of the Legislature, which and the Union Depot Company.
In connection with this improvement, and by reason also
permanently settles this vexed question.
It will be’noted that the business of this line reflects the of the insufficient facilities in the existing passenger station,
general decrease in the movement of tonnage throughout it became necessary to reconstruct the Union Depot and
the country, and that it is specially shown in the exchanges tracks at that point,'and a handsome station is now in course
with connecting roads. As a result there was a consider of erection which will fully accommodate the railways reach
able decrease in the business handled over the Eggleston ing that important commercial centre. This work is being
done by the Union Depot Company, in which your Com
Avenue and Connecting Street tracks in Cincinnati.
statement of average earnings, costand profit per ton and pany has a half interest, the necessary funds therefor hav
passenger per mile, for the year ending December 81st, 1896, ing been obtained through the sale of $450,000 o f its 4% per
cent fifty-year general mortgage bonds.
compared with the year 1895 :—
For the purpose of increasing the facilities furnished by
IMA'JS <DEBATED DIRECTLY BY THE PITTSBURG CINC1N- the bridge connecting your lines at Cincinnati with theNATI CHICAGO A ST. LOUIS RAILW AY CO.
roads south o f the Ohio River, and the better accommoda
E arning and Cost p tr ton and passenger per mile fo r the
tion o f the highway and electric railway traffic passing over
years 1S96 and 1895
the same, the Newport & Cincinnati Bridge Company has
^ r n u .i'.r — r-Char—, Plttsb - r-LltUe^
A St.L.Ku. A
tiers
W.AKtnt.
Viami
r~Aver— . practically rebuilt that important structure, and materially
Branch•:», Railway. Railroad. Railroad.
age.
enlarged its capacity. The funds for this purpose were ob
Length o f road.m iles. /,/jr/*o/
23-48
2 S 04
192-00
1*
394-33
tained partly from its own treasury and partly from the
Ifm . 18 95.18 90.18 96.18 96. 1895.1896. 1895.1896. 1895 sale of $800,000 o f its fifty-year general mortgage 4% per
Eftrotii#* p er i<*n.......ct*. 0*65 0*65 1*62 1*59 0*99
1*14 0*89 0*88 0*68 0*67
<0*1 j:*-r t»»n___. . . . . . cts. tr50 0 49 1*11 1*57 0*65 0*60 0*73 0*70 0*52 0*51 cent bonds.
"
f*r m erer t> n
0*15 0*16 0*51 0*22 0*31
0*54 0*16 0*18 0*16 0*16
Your Board have with great regret to announce the death
K a rfi‘.fii.*s ?H*r paxi»*gr.cts. £*<‘8 2*02 2*18 2*20 2*60 2*65 1*90 1*90 2*06 2*01
C ost p er
2*00 1*89 1*31
1*57 2*20 2*09 2*28 2*19 2*03 1*93 on August 23d, 1896, o f Mr. M. J.'Becker, who. in 1867, be
I*rodt ftc r
0*08 0*13 0 87 0'63 0*40 0*56*0*38 *0*29 o*03 0*08 came the Chief Engineer o f the Steubenville & Indiana
*L * §
o#»
Road, now a part of your main line, and continuously filled
K O A fJ S O P E R A T E D THROUGH OTHER ORGANIZATIONS THAN a like responsible position in the different companies now
T H E PITTSBIJKG CINCINNATI CHICAGO & ST.
forming your consolidated road for almost thirty years. Mr.
LOUIS RAILW AY COMPANY,
Earnings, Cost .and Profit per ton and passenger per mile for Becker’s'high professional attainments, intimate knowledge
of your system and devotion to your interests make his loss
the years 1896 and 1895
one to be deeply deplored.
r - W a m e s b <£-■
P i t t s . O h a r . cC->
The Company also lost on the 19th of December, 1896, the
W a fillin g 'n R J {. Y o u f/ k 'g lt’ y & y.
mm
-Aiveragevc,
services o f Mr. Henry D. Welsh, who had been elected ahcmgXh o f road, m ile s.
28 *f§
45*29
1890.
1895.
1890.
1895. 1896. 1895. Director in 1895 to fill the vacancy caused by Mr. Houston’s
Earn In##, per too, cen t*... 0-87
. 6*87
1-71
0-30
1 78
1-80
2 03 death. While Mr. Welsh’s term of office has been brief, his
5 08
Oofit
ton, cent# . . . . . . . . .$*03
4-55
0 81
1-08
003
1*26 active interest in your affairs, sound judgment and long ex
Profit jNor ton, ren te.. . . . . .. 1*84
1-84
1-75
0-90
0-72
0-93
0-77 perience made his counsels of special value in the adminis
2*22
2-99
Earo’k*? per pMMiijcer.cte.. 2*00
2*90
2-02
2-00
2*89 tration of your property, and his genial personality had won
Coed per pa*fienster, cents.. 2-86
“ ""
1-01
2-77
3-15
2-53
2*87
Prnfit p er paiMtager,
. 0*04
0*22
0*280 •0-53
013
0-02 for him the warm regard o f his associates.
Mr. Samuel Rea was elected a Director to fill the vacancy
a l l r o a d s o p e r a t e d d ir e c t l y o r in d ir e c t l y .
caused by Mr. Welsh’s death.
Statement of Average E irninys. Cost and Profit per ton and
Since the close of the year the Board has to record the
per jM8*enf/i!r per mite fo r the years 1896 and 1895
loss of your late President," Mr. George B. Roberts, who died,
1890.
1895. after a protracted illness, on the 80th of January, 1897. Mr.
0-6S Roberts had been a Director of the Company since March
C m t p e t tot» cents,
„
0-51 26th, 1868, and its President since June 9th, 1880. He-had
0-17
2-02 been especially helpful in the vicissitudes connected with
Cm ! per
eerat*,.
1-94 its early history, and his counsels and experience had been
...0 *04
0-08 invaluable in the long litigation resulting m the cancellation
GENERAL REMARKS
o f the lease of the Columbus Chicago & Indiana Central Rail
Tbc tonnage and revenue of your lines emphasize very way and the relief of your Company from its onerous burdens,
. h-ariy the conditions existing throughout the couutrj- dur- and in the final merger of that road and other lines con
.c.irthv past year. In the first part of 1896 all the indica trolled by you into the' present consolidated organization.
te,n- were in fa v o r of a fairly prosperous business, but the The Board’submit with this report the minute adopted by
fin a n c ia l complications existing during the early summer them, believing that it will meet the full approval of the
b r o u g h t a b o u t at t hat time a change for the worse, and this shareholders, and that they will share the profound regret
unfavorable condition prevailed through the remainder of felt by the management at the loss of an officer who for
th- year. The tables appended to the rerun! show the seri neariy thirty years had devoted his gre -1 experience and emious decrease in the movement of traffic over vour lines 1 he nentabilities to the permanent advancement o f their interests.
03
j ! * « h-f f&r-i€Ci.rii ,..».,.*,*»+** ++* . ***■ • **+ **■ •
? !* g
■ ■* ■ •
\gmm&
W ii#
$002,020 m
A p b i l 24 1897. J
THE CHRONICLE.
Mr Frank Thomson was elected President on the fourth
day of February, 1897, to fill the vacancy caused by the
death of Mr. Roberts.
The operations of the Employes' Voluntary Relief Depart
ment continue to be very satisfactory. There have been
during the year 1,692 accessions to membership, an average
of about 141 per month, and 1.594 in excess of the number of
deaths and withdrawals. The number of members leaving
the service was 1,646; and the total membership at the close
of the year was 8,628, a net loss of 52, or 6 per cent.
The amount contributed by the members was 8168,528 26.
The receipts from interest were 82,185 75, and the amount
contributed by the Pittsburg Cincinnati Chicago & St.
Louis Railway Company was 836,357 39. which, added to the
balance on hand at the beginning of the year, viz.. $42,484 80, makes a total of $238,556 20. Out o f this amount
there was paid to families of employees in death benefits
and for sickness and accident $146,904 10 and for operating
expenses $27,790 99, leaving a balance of $63,861 11, from
which should be deducted $34,882 69 to cover the amount of
outstanding and unadjusted claims, leaving a surplus of
$28,978 42. The amount contributed to the Department by
the Pittsburg Cincinnati Chicago & St. Louis Railway Com
pany, as stated above, was $30,357 39, of which $27,790 99
was for the payment of operating expenses of the Department,
and $2,580 60 for payment of extra benefits to members
whose disabilities had continued over fifty-two weeks, and
who were therefore no longer entitled to regular benefits
from the fund.
During the year there were 6,701 benefits paid, viz., 6.616
on account of 'sickness and accident and 85 death benefits.
The Income, Profit and Loss, and General Accounts, to
gether with the usual traffic statements, are hereto appended.
It gives the Board great pleasure to acknowledge the
fidelity and etficiency of the officers and employes during
the past year.
By order of the Board,
FRANK THOMSON,
President.
[A comparative statement of operations, earnings, etc . and
the general balance sheet u-ill be found on page 796.]
—“ Burdett’s Official Intelligence” for 1897 has just come to
hand. This work, which is now in its sixteenth year and em
braces 2,400 pages is, as most of our readers know, a care
fully revised prdcis of information regarding British, Amer
ican and foreign securities, including government, railways,
breweries and distilleries, gas and electric lighting, tramways,
waterworks and other commercial and industrial companies
known to the London market and dealt in on the prin
cipal exchanges. There are also special chapters on the
National Debt under Queen Victoria, Sixty Years’ Growth in
Quoted Securities, Light Railways, Colonial and Indian
Finance, Municipal and County Finance and Railways.
A Feature of the year has been the unusual number of new
companies the shares of which have been issued and dealt in on
the London market. Mainly in consequenceof this Volume XV.
contains 236 pages more than its predecessor and nearly 1,000
new companies. The grand total of British and Colonial
loans issued in London during 1896 amounted to £59,946,574,
as compared with £65,407,832 in the year 1895 (including con
versions in each case). The nominal amounts of the various
securities admitted to the Official List during the vear repre
sented a total of £309,962,921, compared with £176,752,443 in
1895. Never before has the number of securities admitted to
quotation during any period of twelve months approached
that of 1896. Of these additions, breweries and distilleries
represent over £10,000.000 and industrial and commercial un
dertakings over £22,500,000.
Mr. Henry C. Burdett, the editor, is Secretary to the Share
and Loan Department of the London S ock Exchange, and
his great work is compiled under the sanction of the Stock
Exchange Committee.
—Messrs. Spencer Trask & Co. offer for sale the balance,
about one-quarter, of $1,800,000 Broadway Realty Company
first mortgage five per cent gold bonds on the “ Bowling
Green offices,” at 110J^ and Interest, yielding
per cent.
The features of these offices have been so extensively adver
tised and the location is so conspicuous that they need not be
referred to. Application for listing the bonds on the New
York Stock Exchange is to be made immediately. The title
has been insured by one of the title companies of this city,
the policy being assigned to and pledged with the United
States Mortgage & Trust Co., trustee. Copies of the mort
gage and opinion of attorneys as to legality of the issue may
be obtained on application. For further details Bee their ad
vertisement on page viii.
—The well-known Philadelphia firm of Mathews, Bean &
Co. has been reorganized, with W . K. Mathews. C. H. Bean
and William and John W . Grange as general partners, and
has opened an office in New York at 40 Wall Street, which
will be in charge of Mr. Mathews, who is a member of the
New York Stock Exchange, and Mr. William Grange. The
firm will transact a general banking and stock brokerage
business. Its facilities include private wire connections with
all important financial centers. The firm are members of the
New York, Philadelphia and Chicago Exchanges.
£ h e
805
C o m m e r c ia l
C OM M ER C IAL
^ x m e s .
EPITOME.
Friday N ight, April 23, 1897.
The attention of the business world has been in a measure
turned from the tariff agitation to the situation in the Far
East by the formal declaration of an existence o f war be
tween Turkey and Greece. Prices in the speculative mar
kets, particularly graio, have been considerably affeoted, a
sharp rise in wheat values having occurred early in the
week. Cotton values gave way slightly.
Subsequently,
however, the loss was recovered. Advices received from
Washington go to confirm the belief that the Senate will
probably strike out the retroactive clause attached to the
Tariff bill as passed by the House of Representatives and also
state that the bill may be ready for the full committee early
next week. It has been officially announced that the Erie
Canal will be opened at noon on May eighth. The Governor
has issued a proclamation making Tuesday, the 27th inst., a
legal holiday in New York, Kings and Westchester counties
in honor of the Grant Memorial Celebration,
Lard on the spot has continued to sell slowly for prime
Western, as neither refiners nor shippers have been buyers,
and prices have weakened slightly, closing at 4,375£@4*40c.
City has had a fair demand for export to the West Indies and
values have held steady, closing at 3 95c. Refined for the
Continent has been quiet and the quotation has been lowered
to 4’65c. The
local market for lard
futures has been
neglected, and at the West the trading has been quiet, clos
ing dull, with prices slightly lower for the week.
D A IL Y
O L O S IN G P B I 0 B 8
S a l.
M ar.................................... 0- 4*50
OP
LARD
M on.
T u es.
4-50
4-50
FUTURES
W ed .
4 45
IK u r
F r t.
4-40
4'45
The demand for pork has continued quiet; prices have not
changed but tbe close was barely steady at $8 75@9 50 for
mess : $9 50@10 50 for family and $9 50@l0 50 for short clear.
Cut meats have beeD in demand for pickled Oel'ies and firm ;
other meats have been dull, dosing at 54-4@5%c. for pickled
bellies, 10@12 lbs. average, 5c. for pickled shoulders and
9(394^c. for pickled hams. B--ef has had a moderate sale at
steady prices, closing at $7@8 for mess. $7 50@9 for packet,
$99 It for family and $12 50@16for extra India mess. Beef
hams have advanced, closing at $20. Tallow has sold slowly
and prices have further declined, closiog at 3%c. Oleo
stearioe has been in slightly better demand, closiog steadier at
4^l342jjO. Lard stearine has been quoted nominally higher at
4Ja@5c. for city. Cotton seed oil has had a bett- r sale and
prices have advanced, closing firm at 20c. for prime crude
and 24c. for prime yellow. Butter has been in fair demaud
and firm for choice, doting at 11(9 7c. for creamery. Cheese
has been quiet and the close was weak at 9@124^c. for State
factory fud cream. Fresh eggs closed firm at 9}^@93^c. for
choice Wes'ern.
Coffee of Brazil growth has had only a limited sale and
prices have weakened slightlv under inoreased offerings, clos
ing at 7^ o. for Rio No. 7. Mild grades have had a better
sale and values have held s'eady, closing at 14}^c. for good
Cucuta and 25c. for Standard Java. The spccula ion in the
market for cootrac a has been moderately active, but prices
have declined 25a35 points under freer offerings, promote 1
by increased crop estimates. Tbe close was quiet but steady.
The following were the final asking prices :
April ............... 7-20c.|J u l y . .......... .
7*250. I O ct ................ 7*40o.
M ay ............... 7*15 o. A u g .... .......... 7*25o. INov............... 7*40o.
June ............... 7*!20o.I 8ept............... 7*36o. 1Deo..... ......... 7*45o.
Raw sugars have had only a limited sale, but prices have
advanced slightly, closing at 3J^c. for centrifugal, 96-deg.
test aod 2 13-16c. for muscovado, 89-deg. test. Refined
sugars bave been quiet and unchanged, closing steady at 4 ^ c .
for granulated. Teas have had a moderate sale at steady
values. Other staple groceries have been steady.
Kentucky tobacco has had only a limited sale but values
have held steady. Sales 150 hhds. Seed leaf tobacco has
been quiet, but prices have been unchanged and firm. Sales
for the week were 1,175 cases, including: 200 cases 1896 crop,
Zimmers, 16@17c.; 125 cases 1895 crop, State Havana, 10@
14c.; 150 caseB 1895 crop. Wisconsin Havana, 7 ^ (9 9c.; 100
cases 1894 crop, Wisconsin Havana, 8@10c., and 100 cases
1893 crop, Wisconsin Havana, 10c., also 500 bales Havana
fillers at 75c.@$l 10 in bond and 350 bales Sumatra at 70c.@
$1 80 in bond.
Straits tin has been in moderately active demand and prices
have advanced slightly, closing at 13*25@13 85o. A fairly
large business has been transacted in the market for ingot
copper and prices have ruled steady, closing at lli4 c. for
Lake. Lead has had a slow sale and prices have eased off a
trifle, closing at 3'30@3*32^c. for domestic. Spelter has been
in moderate demand and prices have advanced, closing at
4 15@4*20c. for domestic. Pig iron has been quiet and easy,
closing at $10@12 for domestic.
Refined petroleum has been steady, closing at 6*05c. in
bbls., 3*55c in bulk and 6*50c. in oases; naphtha lower at 6c.
Crude certificates have been neglected. Credit balances have
been unchanged to 84c. Spirits turpentine has been fairly
active, closing firm at 30c. bid. Rosins have been quiet but
steady at $1 65 for common and good strained. W ool has had
only a limited sale but prices have been firm. Hops have
been quiet and values have been barely maintained.
THE CHRONICLE.
BU«
rvoL. loxiv
In addition to above exports, our telegrams to-night also
give us the following amounts of cotton on shipboard, not
Friday N ig h t . April 28. 1897.
oleared, at the ports named.
We add similar figures for
1'a e M
ovement or the Crop , as indioatod bv our telegrams New York, which are prepared for our special use by Messrs.
from the South to-night, is given below. For the week ending Lambert & Barrows, Produce Exchange Building. *
thu evening the total receipts have reached 47.80;) bales,
ON S H IP B O A R D , N O T C L E A R E D F O R —
**»tnst t-,7'5 bales last week and 43,658 b a l e s the previous
Leaning
A pril 23 a t «
making the total receipts since the 1st of Sept., 1896,
Great
Other
Coast
stock.
Total.
B ritain* France. Foreign wise.
<, r, - i- balrw. against 4,973,623 bales for the same period of
5
] -/. ■. -,h, iwing a a , !if1r.-it-r since Sep. 1,1898, of 1,478,185 bales. New O rleans...
5,226 15,965
3,826
403
C O T T O N .
1,211
T ex. City, Aft,
Mew OfSiNUEUl**»
M ob ile...............
F lo rid * .............
&KVtvttaa&
BramW*k# Ae.
{3tuurI**to&. . . . .
Ft. Royal,.
W ilm ington___
1,979
13
884
122
......
I S3
420
V orfaik............ .
Jfexrpott
Hew Y o r k .* ,...
470
Fri.
Total.
601
199
1,239
321
4,081
733
8,313
720
28
363
5,504
193
13,561
1,655
4,031
6,014
8,313
2,318
28
758
53
103
2,294
103
89
798
321
865
798
765
4,399 17,976
47,260
Tue*.
Mwu
: Sat.
&£€4ip tS
Wed.
776
......
3,498
631
......
1.054
.........
8
......
80
873
......
d,76S
391
......
801
......
236
......
6
891
......
1,974
275
120
......
......
324
......
......
78
101
......
, ___ _
25
4,467
1,150
......
3,903
34
1,464
........
1,166
102
1,205
......
......
203
Thuri.
1,079
......
66
......
19
.........
B altim ore_____
Pblljn1elpb’*,A c
423
21
Tot*!* till* week
5,011
9,248
6,169
The foil owing shows the week’s total receipts, the total since
Sept. 1, 1896, and the stocK to*,mg.it, compared with last year
B eetipts to
A pril S3.
1896-97.
Stock.
1895-96.
This Si nee Sep.
Week. 1 , 1806.
Thie Since Sep.
Week. 1, 1895.
N o rfo lk ........
N 'pori N,.Ac.
Hew Y o r k ...
Boston______
B altim ore. . .
«U la d e t.,* c .
5,501 1,330,717
198 103,056
13,561 1,983.456
1,655 283,387
84.573
4,031
6,014 813,087
8,313 164,772
2,318 386.974
85,832
28
753 234,075
■ 857
2,294 684,903
16,348
108
—
.... 47,806
865 149,439
798
59,473
765
39,148
9,291 899,425
1,928 110,162
15,991 1,668,303
1,743 191,174
2,581
32,470
5,821 7L7.146
428 114,031
1,515 274,615
5,152
75,286
1,091 164,014
765
3,275 313,882
287 163,336
2,313
52,649
2,471 111,946
289
46,536
557
39,853
T o ta l* .......
47,260 6.453,808
54,666 4,975.623
G alv eston ...
T ex. C.. Ac.
Hew Orleans
M ob ile_____
F lorid a _____
S avan nah. . .
Br*wick, A c
..
F.R oyab& c
W tlm luftoa.
1897.
1896.
65,269
5,456
138,006
11,378
41,310
834
161,781
13,112
28,539
285
21,902
29,308
2,365
18,405
5,748
5,057
17,334
211,765
10,000
15,130
6,771
21,077
585
146,735
13,500
10,688
11,060
540,633
475,817
in order that comparison may be made with other years, we
give below the totals at leadingports for six seasons.
Meeeipts at—
1897.
-Galvee’n <ke.
New Orleans
M ob ile ........
B eveanah...
Ohaa’ ton, Ac
WIltu'ton.Ae
N orfolk . . . . .
M. Naw»,Ac,
A ll other*--.
5,702
13,561
1.655
0,014
2,346
758
2,294
10S
14,822
11,219
15,994
1,743
5,821
6,667
1,091
3,275
237
3,589
10,732
26,598
1,317
6,385
2,629
373
2,809
2,551
16,841
6,939
9,059
723
5,674
5,954
115
4,356
6,167
5,377
6,167
1'6,996
1,452
5,235
1,713
142
4,701
1,616
7,820
10,214
14,291
1,591
7,420
1,942
814
3,417
3,095
6,499
T ot. tin* w it
47,260
51,668
69,965
44,394
40.144
49,233
1896.
1895.
1894.
1893.
1892.
Since Sept. 1 64.53.808 4075,623 7587,890 5678,399 4760,418 6739,917
G alveston.........
Savannah.........
Charleston
M o b ile ..............
N o r fo lk ............
New Y ork.........
Other p o rts ___
4,581
3.000
2.000
6,000
1,200
6,000
3,000
5,207 10,1-18
None,
None.
None. None.
-1,000 None.
700
None.
4.000
500
5.000 None.
3,563
200
1,000
None,
6,100
None,
None.
25,420
23,504
3,200
1.000
10,000
8,300
10,500
8.000
112,586
41,765
25,339
18,902
4,378
9,034
201,265
35,390
T otal 1 8 9 7 ...
21,733
16,371
37,746
11,071
91,924
4-18,709
Total 1 8 9 6 ...
Total 1 8 9 5 ...
31,033
58,320
2,915
b,779
27,716
43,583
6,017
19.887
68,611
127,568
407,176
622,644
Speculation in the market for cotton for future delivery
has continued quiet. Although there was something of a
break at the opening of the week, a result of the formal
declaration o f war between Turkey and Greece, prices
subsequently recovered and the net change for the week
is unimportant. Saturday was observed as a holiday on
the Cotton Exchange and there was no market. Mon
day the market was influenced by the war news. There
was, however, no excitement to the trading, and under moder
ate selling prices declined, closing 12 to 14 points lo war for this
crop and 7 to 8 points oif for the next. Tuesday there was a
quiet market, as.there was no further pressure to sell on the
part o f local operators, as they were disposed to await foreign
advices, the English markets being closed in observance of
the Easter holidays. At the close prices showed an advance
of 1 to 4 points on buying by a few shorts to cover contracts.
Wednesday there was a stronger market. Advices received
from Liverpool were better than generally expected, and this,
together with the strength of the statistical position here and
abroad, induced moderate buying, and prices closed at an ad
vance of 8 to 10 points for the day. Thursday there was a slight
further gain in values. Foreign advices were encouraging
and were accompanied by a limited number of buying orders.
Local operators showed more of a disposition to "support the
market and the close showed prices unchanged to 2 points
up for the day. To-day there was a quiet market. The
opening was unchanged to 8 points lower; th n came an ad
vance o f 2 to 4 points, principally on a demand from shorts
to cover contracts. Subsequently, however, under die re
ports from the Far East, stating" that the Greeks had been
successful in checking the advance of the Turks the market
weakened. The close was quiet, with prices unchanged to 1
point lower for the day, exclusive of Aoril contracts, which
were 2 points higher. Cotton on the spot has been in lim
ited demand from spinners aQd shippers. Monday prices
were lowered %o., but on Wednesday the loss was recovered.
To-day the market was quiet but steady, closing at 7 7-16c.
for middling uplands.
The total sales for forward delivery for the week are
420,000 bales. For immediate delivery the total sales foot
up this week 8,217 bales, including 4,743 for export, 3,474
for consum ption,----- for speculation and — on contract.
The following are the official quotations for each day o f the
past week— April 17 to April 33.
6 n the basis o f the rates on and off middling as established
by the Revision Committee, the prices for a few o f the
grades would be as follows:
__________________________
UPLANDS.
S a t.
M iddling................... . ...... ...........
i>
*
*§
»-j
Middling Pair...............................
a
GULF.
S a t.
Th» exports for the week ending this evening reach a total
of 187. : 2 J bales, of which 50,369 were to Great Britain, 28,639
to France and 18,131 to the rest of the Continent. Below are Middling . . . ~ ................- ...........
the exports for the week and since September 1, 1898.
Middling F air........................ ...
from—
Wt*.: K n d in r Apr. 2-1, B B . ! From Sept 1 . 1890, to Apr. 2 8 ,18 97.
Ezp&Hsd to—
Exported to—
Great
Ckmti- Tout
Great
Conti
fVanc#
France nent.
Total
BrM’ *.
nen t. W uk, Britain.
»,sto
T * f „ L i ly , A c , .
If#-* Of?9*041.. IIM ®
fU TlfiTiatl
A |t«
9**40
27,«U
73 17
0,170
.« ,,
**
'Ch-M’wnAfm .,
tfc o ftil....
W ita a iw rto a ..
it'u m M x..........
W g o t!
Ac ,
A sn
m tn
BmPm .
fe tflta r o r * .. *„
Ffe
A
Ac„,. .
T et& ) . .. .
T o ta l. 1*05-6*
$0
m
13*700 08*894
sew
iw
&,mo
A t* *
um
Ml
____
Metim
144
im
9 ,m
i,o n
7S i 7
9,i n
2.777
18*716
4.432
2.30?
144
im
725,003 180,032
.......
780,487 407.19J
133,163
03,719
48,208 16,341
96.712
73,321
03,860
05.481
143,537
6,200
10,306
277,083 20,104
221,074
77,776
7,697
0,092
w
373,587 1,179,772
21.543
21,543
583,892 1,780,670
30.10S 108,321
5,488
09,237
367,149 420,753
21.730 117.601
137.011 206,333
63,850
111,363 300,794
4.0,675 189,312
200
10,505
181,413 434,005
2,001 223.735
68,349 143,821
450
9.542
53,045
50,043
127,120 2 ,111 019 0/2 226 1,928.033 6 41120 7
34.130 2.001.731 i i t a i s ' i a s s s i n 4.1*)'?,454
&
fC
J
o
■m
8T A IN E D . ,
S a t.
M on T ues
W ed
T it .
F r l.
7\
8 “18
7-i0
7 7 ,,
7\
86,*
ft™
TLs
7%
85,0
M on T nes W ed
T it.
F r l.
65,0
6 '518 7£w
6&,6
75*
8S,,,
7«8
Ss18
69jfi
73l6
7 fie
®i‘ ie
^510
r*?
W e
7>t19
87m
n l'm
8
8»,«
M on T ues
W ed
T it.
F r l,
0*18 61-u
Middling . . . ......... ..................... JFToliday.
7?S3
Good Middling T in ged .............
75,0
7«is
MABKET AND SAXES.
77.12
7 7 ,.
77 «
il«
%7s
7 >
87m
a*
89,0
631
„
7h«
71,g
77 0
I S 16
L‘ *
The total sales o f cotton on the spot and for future delivery
each day during the week are indicated in the following
statement. For the convenience o f the reader we also add
a column which shows at a glanoe how the market closed on
same days._________________________________________________
SALES OF SPOT AND CONTRACT.
OltOSED.
Ex
port.
Oon- Spec- Con
sump. uVVn tract,
Total.
Sales o f
Futures.
855
3,055
1,765
2,168
384
90,100
75,400
108,600
71,000
68,900
8.217
420,000
sa fd a y .
Monday.
Tuesday
Wed’ day
Th’d a y ..
Friday..
.. .
Quiet at -s d ec..
Quiet & steady, 2,940
steady at -and.. . 1,432
S teady................
371
....
Q u iet..................
.. Holf
855
115
333
1,787
384
roca t....
4,743
3,474
....
I ___
. ...
-. . .
....
i
t o
CO
OO 0 0 0 0 0 0 0 0 0 0 0
O OO OO O OO O OO
* 8 8 oqqqnqqqqqo
oTcOt^COOiO
?N O H
r-(CO lOrHfH
t> d
T
*
T ow ns .
H
.0 0 O O O O O O O O O O O
*©©o O O O O O O O O O O O
a*0 . 0 q o q O N q q q q q o
00C 05 iO10 rJ?05 0 ^ * 0 050510
O
h N GMH
S. «
■
<
I
„ « ® •-'
*
■=1*5
Q, „ ®
^
O OO OO O OO O OO
cog! O OO OO O OO O OO
0 OO ® o © o d q q q q q o
5
00 »HC t^lOr^oT
O
0505 HO 05
^D
, s '£ s
3
qwrd
r-*05 05t>(M
I d
C
M
H
.0 0 J o o o o o o o o o o
hO O > 0 0 0 0 0 0 0 0 0 0
0 00
5
'-So
1
05"'ft'0*^'0rjj'
01 C C
OO
H
<
M
V lok sh u rg,
||
W
r-1
O
I
o
Ph
H
g c3
iili?
®
lJfM3S53HIS
S * 3 S * S S S ? S S S 1 « 3 3 ii« S 5 2 :
o © s-s-g -s-g -s-g -s's-s-s r 0
oc
0 0 0 0 0 0P0 J+0 0J
PPW + 0 J+
CD
tr X D a oO D D n
)t)a ® D a a cO ci
■2<JW® aoD
W
M a rk et, P r ic e s a n d
S a le s o f
FUTURES.
o
pa
M't o
-t c
ip lll!
M Q c8 «■£< ©
I o ® 5® S R S a E
«
MM
®£-P*
t o £ ,a " t e .
| g § £ o 3 § S -o '
I^ S S 'S g ® ® g
F P & O &£
8
clllss®
«►? § s § 1 ® 5 '3
■ fl> s a 'a o
q jo S e a
rO O
® ^ .«5 "
si ii i i l f e | «
SSWO.COEH
XI
H
129,600
278,164
44,647
60,723
62,052
6,584
101,827
34,487
57,529
40,528
63,477
80,325
59,336
510,410
22,157
25,184
281,470
32,974
15,830
545,371
25,589
53,505
52.211
1,300,883
42,674 184,847
2 ,9 3 3
717
43
3,008
91
184
72
4,382
D A IL Y
A p r il.
M ay.
J u n e.
J u ly .
P R IC E S
AND
A u g u s t.
SALES
S e p te m b e r .
OP
FUTURES
O cto b er.
FOR
EACH
N ovem b er.
5 5 ,7 7 5
S
810
59,113
164
2,606
1.060
21,103
25,477 3,485,509
41,982
247,104
337
1,807
1,141
6,631
245
3b6
6 ,9 5 3
14,962
5,595
3,852
1,921
395
«'»s aV
,
c ic t ; *s®
®®®u 2 £ s
x x a & 3 ,Es£
D ecem ber.
J an u a ry.
Firmer.
A v ’g e ..-------- A v ’ge.. 7'00 i v ’ge.. 7*04 A v ’g e.. 7*10 A v ’ ge.. 7*11
75,400
1.500
30.200
4,300
22,000
6-70® 7-13
6-97® 7-03 7*02® 7*08 7*05® 7*12 7*08® 7*13
Steady.
7 * 6-98
6 9 4 — 6-90 697— 0 2 - 7 03 7 * 0 7 - 7*08 7*08— 7*09
A v ’ge. 6-72
2,400
3,400
6*87® 6*91 6-70® 6*75
6 * 8 7 - 6*88 6 * 7 1 - 6*72
4.900
6*67® 6*75
6*73® 6*74
4,200
6*71® 6*79
6-77— 6-78
6.500
4,000
6*72® 6-75 6*74® 6-79
6*71— 6*72 6*7.5- 6-76
1,100
6*79® 6*90
6 *7 9 - 6*80
F eb ru a ry.
M a rch .
*2 2
^ ^ ^ ^ O U C
C
Q
gce 0 be O *T
3 o
3
Firmer.
A v ’g e ..-------- A v ’ ge.. 7*08 A v’ge.. 7*14 A v’ ge.. 7*18 A v ’ ge.. 7*20
1,600
5,600
71.000
18,000
28,500
4,900
6-80® 7*21
7*07® 7*11 7*12® 7*15 7*17® 7*19 7*18® 7*21 6*950 6*99
Steady.
7 - 0 4 - 7 06 7 * 0 7 - 7*08 7*12— 7*13 7 * 1 7 - 7*18 7*18— 7*19 6 - 9 5 - 6*97
°
fl a S 3 “ a S
S I I I § o : .®
~| So
2,100
6*80® 6*83
6 8 0 - 6 82
S cola 3 < S*_^
C
® M (0 q+ i
gr£3
I
T3 n
c« o fe*3
2*g§& .«LO.g
aps— ® -6 81— 6*82
—
w -s ^ § £ S-g
8 « ® g ^ ~ g*
® s, b ® ® m
§ C . a l . £
~ 4.200
6*82® 6*87
6 - 8 7 - 6-88
Av’ ge 6-tt.6
*
6,700
' ’ 1 ,3 0 0
2,300
6*80® 6*84 6*84® 6*86 6*87® 6*90
6*81— 6*82 0 * 9 5 - 6-86 6 * 8 8 - 6*89
— ® —
6 * 9 1 - 6-92
— ®
-
— ® —
6*91— 6*93
®
— ®
—
« g «#.*«
£ 2 s S - i 0° o j e a B J a
. ®o —
i l l s ’3
ATr'rrn
C ? n— 2 3 «
6
® * c ® ® ” *= C
G fl= ll® ‘ 2 ® *S" •
O
5
. ®r; CuM
o
O'
—
’a
d
> a) J2 ® c
R « ® k i* n ®
® —
— ® — ®
6 * 8 3 - 6 84
. .
. .
S ^ ® 0*7?
o ’® S£'3.£i §
** S
eS
®
O rf* S ^ 3 S .J~
B > eg a? C •^5
ti
Q
> ,3 .E e .9 * 0
J O S " b cS .S
< B e
S
.
a cBm^>S*g,s
® ©•£ 2«°
3
A v ’ge.. 7*07 A v ’ge.. 7 0 S A v’ge.. 7*14 A v ’ge.. 7*17 A v ’ge.. 7*19 A v ’ge.. 6*98 A v ’ge.. 6*81 A v ’g e.. 6*82 A v’ge.. 6*86 A v ’ge.. 6*89 A v ’g e..-------- A v’g e ..------- 5 l s S s : 3 s aS J
®
p
J S ® Ifi
1,100
2,700
3.500
27,000
100
4,400
2,600
2,800
4,500
n
B > ,S ®
6*80® 7-21 7-07® —
7*06® 7*11 7*12® 7*16 7*15® 7*20 7*17® 7*21 6*96® 6 9 9 6-80 ft> 6*82 6*80® 6*84 6-83® 6-87 6*88® 6 91 — ® —
— ® —
•-3 e rh u* c . "d
S
3
Steady.
7-07— 7-08 7 * 0 7 - 7*03 7 * 1 2 - 7*13 7 * 1 6 - 7*17 7 * 1 8 - 7*19 6 - 9 6 - 6 97 6*81— 6*82 6*81— 6 82 6 * 8 5 - 6*86 6*88— 0*90 6*92— 6*94 — — —
a s | o £
> o c (3 s
3
Total sales this weok
10,700
123,500
15,000
22,800
420,000
151,200
25,500
23,000
32,400
1,300
H ■»
o = £
Average price, week
7*03
6*92
6*76
6-76
6 80
7*15
7*13
7*08
7-00
6*83
0 * S H £, »
Sales since Sep. 1,’ 96* 25,575,300
91,300
631,900
334,700
4,738,200
163,400
275,300
497,400
1,567,700
312,000
70,300
1,200
9^= S O ^ C S
fJ
C -M d 42C 42
Z
Irregular.
68.000
2 .2 0
00
98
c
c
r*
P
h
775
26
7,387
429
45<>
172
8,521
61
99
107
583
35
50
194
86
127
63
4,322
245
371
1,752
775
52
2,381
376
134
101
9,640
71
108
477
2,792
507
89
152
127
1,857
246
350
374
587
4,261
1,859
1,822
17,661
1,950
7,750
th e
Lower.
A v ’ge.. 6-92 A v ’ge.. 6*96 A v ’g e.. 7*00 A v ’g e .. 7*05 A v ’ge.. 7*06
96,100
2,800
1,500
5,700
1,200
7.500
27,800
6,200
34,300
6*65® 7 08 6*90® 6-94 6*93® 7-00 6*98® 7*03 7*03® 7*07 7*03® 7*08 6*82® 6*87 6-65® 6*69 6*65® 6-70
Steady.
6 9 0 - 6*93 6-95— 6*96 7 * 0 0 - 7*01 7*05— 7*06 7 * 0 6 - 7*07 6 - 8 6 - 6*87 6*69— 6*70 6 ’6 9 - 6*70
Friday, Apr. 2S—
Sales, total..............
Prloes paid (range)
Closing....................
M
1 ,9 7 5
6,705
358
5,300
2,787
3,961
7,654
7,662
51,863
50
1,905
4,435
77
MONTH.
Higher.
Wednesd’ y, A pr.21—
A v ’g e ..------- A v ’g e .. 7'05 A v 'g e .. 7*09 A v’g e.. 7*15 A v 'g e .. 7*17
Sales, total..............
2,800
5,300
10,900
8,200
103,600
4,900
28,700
5,600
38,000
Prloes paid (range) 6-75® 7-20 — ® —
7- 02® 7'08 7*07® 7 1 3 7*12® 7*18 7*13® 7*20 6*91® 6*98 6*75® 6*81 6*76® 6*81 6*79® 6-85
Steady.
Closing....................
7 - 0 3 - 7-05 7-06— 7-07 7 * 1 2 - 7*13 7 * 1 6 - 7*17 7 * 1 8 - 7*19 6 * 9 5 - 6*96 6*79— 6*80 6 * 7 9 - 6*80 6 * 8 3 - 6*84
00
151
1,205
613
350
2,251
16,256
116,700
34,729
49,463
96,864
26,720
49,638
89,301
168,342
46,293
50,014
50,526
5,491
76,431
28,169
40,345
32,758
47,436
64,329
53,192
534,874
19,192
19,580
181,923
32,172
14,925
410,437
20,556
52,497
40,499
1,015,857
gS§*l
Tuesday, A pr. 2 0 Sales, total.............
Prices paid (range)
Closing....................
<2
26
535
70
61
1,988
20
100
203
843
H O L ID A Y
Mond&y, A pr. 1 9 Sales, total..............
Prices paid (range)
Closing....................
Thursday, A pr. 2 2 Sales, total.............
Prices paid (range)
C losing....................
457
3,092
2,286
1,507
5,137
§■*§•£
M a rk et,
R ange and
T o ta l S a les.
Saturday, Ap: 1 7 T.
S ales,total.............
Prices paid (range)
C losing....................
W
65
980
608
23,501 4,320,909
Yazoo City,
8t. Louie,
M is s o u r i .. .
Charlotte,
N .C a r o l in a
O 73
4
4
Raleigh,
5 a - ~ Cincinnati, O h i o .............
S c8
8. C a r o l in a
£ M 2 W Columbia,
1
4
Greenwood,
£ 3 :2 .3
Memphis,
T e n n e s se e ..
4
4
H I ' g H Nashville,
Brenham,
T e x a s ...........
“
S ^ § l Dallas,
H£ ^ 0
5 H ouston,
4
4
•u.
<1*81
T otal, 31 tow n s..........
£ &§
iH : o tj
siiSsil
15,433
127,703
68,692
50,397
S5,657
32,386
M o v e m e n t t o A p r i l 24, 1896.
R e c e ip ts .
S h ip m ’ ts
S to c k
T h is
S in c e
T h is
A p r . 24.
w eek .
S ep t. 1 /9 5 .
w eek .
315
12
1 ,2 7 7
216
6 ,9 7 4
1,155
6,438 17,589
14
1 ,9 7 4
287
2,024
208
1,309
231
355
7,765
1,181
224
296
116
2,400
330 > 1,7 69
357
2,874
606
8,860
220
2,515
8,301 38,953
95
1,531
831
3,640
3,733
717
43
150
8,820 64,013
406
328
756
54
118
5,582
5,*34
4
4
<
«
4
4
4
4
1
4
Greenville,*
Meridian,
Natchez,
« i § HIw w S e -S S
5 : :S d
6 : a 5> :.S 5
*
27
459
94
____
258
14
90
199
2,331
38
11
200
123
446
89
20
220
157
342
105
6,652
95
95
Eufaula.
A lab am a . ..
<
<
M ontgom ery
4
4
Selma,
Helena,
A r k a n s a s ..
It
Little R ook,
Albany,
G e o r g i a ....
4
4
A th en e,
4
4
Atlanta,
4
4
Augusta,
"
Columbus,
“
M acon,
4
4
R om e,
L o u is v ille ,« e ( K e n t u c k y .
Shreveport, L o u is i a n a .
Columbus,
M is s is s ip p i .
> 0 0 0 co o q q q q o
>tT©\o
j
r 00
M o v e m e n t to A p r i l 2 3 , 1897.
R e c e ip ts
S h ip m ’ ts
S to c k
T h is
S in c e
T h is
A p r . 23.
w e e k . S e p t.1 ,’ 9 6 .
w e ek .
the
808
c h r o n ic l e .
fVOL. LX IV.
W eather Reports by T elegraph .—Our telegraphic ad
are dosing quotations of middling
f t? “ u‘ h / ku vices from the South this evening outside o f the overflowed
6e
M l ,,ther principal ooUon nvarketa for each day of the ween. districts are mainly of a favorable character. Planting has
progressed well generally but is still very backward. Where
anosoia qootATiose run mioumso oorro* os
rain has fallen during the week the precipitation has been
r«*
JTri.
Wtdnet. 1 Thurl.
April 23, I Batur. j Mott. I Tuet,
light but as a rule dry weather has prevailed. According
to some correspondents moisture is needed to assist germi
71.8
71,8
OotTMloa , . i
2!>»
7S„
nation. There have been breaks in the Louisiana levees
7«e
7k
N »» Orlean*
?*”
r*
7
this week, flooding much cotton land The river lias fallen
?h«
M oM io.--...
71.8
7
7
aavatutah...!
at Memphis and Helena, and a rapid decline is shortly an
7
7 * *
ObariMtoa..
7
7
7
ticipated at those points.
7
7
7M
7>e
7k
7k
Galveston, Texas —There has been only a trace of ram
7k
N orfolk .......
Zli8
Z j>
Boston ....... :
during the week. The thermometer has ranged from 41 to
1*4*
z »;r
Baltimore- ■
)
w*
T"la
'9, averaging 60.
7Hte
Fllfl»deljihl*j
7%
Palestine, lixus.—There has been a shower on one day the
7 > 4 »61«
?49
AturuAt*,....
■iht
Z.1
*
719
7k
past week, with a precipitation of two hundredths of an
7he
M em p h t*....:
Z! 18
7>n
7he
7h»
Zh«
BA. LOOl*,..,';
Z!19
inch. Average thermometer 63, highest 82 and lowest 44.
71.8
71lg
7k
Ho06 tor.
7k
7k”
Huntsville Te.r- x.—There has been no rain during the
7k
7%
7k"
7k
Ouuitnnats
7k
7
7
7k
week. The thermometer has averaged 62, the highest being
LoiUftyine.
7k
The closing quotations to-day (Friday) at other important 82 and the lowest 43.
Dallas, Texas —The weather has been favorable for farm
Southern markets were as follows.
ing operations and work is being pushed. It has rained
Natohei......... 7
7
6 "ft 1E ufaula............
A tla n ta ............
lightly on one day of the week, to the extent o f twelve
6l« RaleiKh.......... 7
7 % Little R o o k ....
C S ia r lo tw ......
Selma............. .- --- hundredths o f an 'inch. The thermometer has averaged 64,
7
7
M ontgom ery...
Ooloaibu*, Oa.
i*.
6 7s Shreveport------ 6 -M
6% I N ashville . . . . . .
Ooiutubaft.MS**
ranging from 44 to 83.
^ R eceipts from the P lantation s .—The follow ing table
.san Antonio, Texus. - Cotton is doing finely. There has
indloates theactual m ovem ent each week from the plantations
been hut a trace of rain the past week. The thermometer
The lizures do not include overland receipts aor Southern has ranged from 50 to 82, averaging 60.
consum ption; they are simply a statement o f the w eekly
Luting Texas — 1he weather has been favorable for cotton
m ovement from the plantations o f that part o f the crop which the past week. T h e r e has been some re-planting. We have
hnally reaches the m arket through the outports.______ _
had only a trace of rain. Average thermometer 65, highest
Rec’pts from PlanVns. 82, lowest 48.
Receipts at the Ports, jSVh at Interior Towns.
Co umbia. Texas.—W e have had no rain during the week.
With
Batew- im r. j 1896. I 1305. I 1897. 1896. 1895, 1897. 1896. 1S95. The thermometer has averaged 62, the highest being 80 and
,,
.
41,009 113,993 the lowest 45.
Uch.W.... S 5 ,« P ; 60,460 128.1S3 301,139 334,183 344,838 43,279 5S.54S 94,560
Ouero. Texas.—Dry weather has prevailed all the week.
61.032 76,237 115.470 276.591 310,494 323,932 30,487
M 2 6 ....
The thermometer lias averaged 65, ranging from 49 to 81.
68,751
64.237 60,202:116,767 j 259,050 293,9*2 276,916 36.093 37,690
A p t. 2 „ „
Brenhan.. Teaa: s. —Plan ting was retarded by the recent
46,639 67,067 93.523!232,170 280,927 247,849 19,759 44,912 65,450
45,541 wet and cold weather.
There lias been rain on one day of
263,609 212,77? 20,645 22,758
IS... 48.795 40,076 80.617 204,
23.037 3 * ,ie i 4^,833 the week, the rainfall reaching six hundredths of an inch.
47 ,g*Ql 54,866- 6£l,B65jlSl,a-17 247.104 183,941
** 23...
The above statement shows; 1 ,—That the total receipts The thermometer lias ranged from 48 to 85, averaging 6 6 .
Fart W r t n , Tex is.—' he weather has been favorable for
T
from the plantations since Sept. 1,1898, are 0,513^061 bales; m
farm work. There has been rain on one day during the
1895-96 were 5,190.027 bales; in 1894-95 were 7,iU,190 bales.
2 . —That although the receipts at the outports the past week week, to the extent of twelve hundredths o f an inch. Aver
were 47,260 bales, the actual movement from plantations wa- age thermometer 64. highest 82, lowest 45.
Weath-rford. Tex is.—There has been rain on one day dur
oniv 2 ft.'i>7 bales, the balance being taken from the stocks at
tbeinterior towns. Last year the receipts from the plantation: ing the week, the rainfall reaching nineteen hundredths of
an inch. The thernometer has averaged 63, ranging trom
for the week were 33,10! bales and for 1895 they wer
46 to 80.
,
,
■
i
48.883 bales.
New Orleans Louis ana.—There has been ram on one day
Overland Movement for the W eek and S ince S e pt . 1.— of the week, the precipitation reaching five hundredths of
We give below a statement showing the overland movement an inch. T h e thermometer has averaged 67.
? u uie week and since September 1. As the returns reach us
Shreveport. Louisiana.—Rain has fallen on one day of the
tv telegraph late Friday night it is impossible to enter so week, but only to the extent of two hundredths of an inch.
largely Into detail as in our regular monthly report, but all Average thermometer 67, highest 81, lowest 48.
tue principal matters of interest are given. This weekly
roiuatpus, Mississippi.—There is some complaint ol cotton
publication is of course supplementary to the more extended dyin°- as a result of the late frost. W e have had no ram
monthly statements. The results for the week ending Apr. 23 during the week. 1he thermometer has averaged 64, the
highest being 86 and the lowest 40.
1895-96.
Leland. Hississiyopi. - •
he weather has been dry all the
1896-07.
week. The thermometer has averaged 62-1, ranging trom
A p ril 23.
Since
Since
Week. Sept. 1.
Week. fieri, i
50 to 75.
,
Vicksburg, Mississippi.—There has been only a trace ol
rain during the week. The t hermometer has ranged trom
Shipper!6.631 490,560
8,301 491,475
Via 81. Lotila.................................
,
. ... .
2,510 224,571 48 to 84, averaging 65.
2,117 252,585
Via C airo............... .......................
Meridian. Mississippi —Frost on three mornings killed
16-309
235
16,136
359
Via P ark er....................................
1,681 some cotton, making re-planting necessary. The thermom
2,584
Via E vane v llle ............ ...............
694 122,651
2,268 129,640
Via LoalsvlHe...............................
,
, ,.
90,594 eter has ranged from 38 to 72.
1,474
1,415 130,934
via Cincinnati........... .................
Little Rock. A ’ kans s.—It has ramed on one. day ot the
83,547
1,062
1,062 113,363
Via other route*, <fcc— ............
week, the rainfall being sixteen hundredths of an inch.
Total krona overla n d ............... 15,550 1,136,717 13,206 1,029,913 Average thermometer 62, highest 82 and lowest 4$.
Deduct shipment*—
Helena. Arkansas.— The river is falling slowly, haying re
5,580 250,9«4
2,423 295,871
Overland to N. Y ., Bouton, & o..
3,316 ceded but an inch in twenty-four hours. The total decline
4,152
163
18
Between Interior tow n*..............
44,019 thus far has been fifty-nine inches, but a rapid recession is
607
35,780
514
Inland, A c., from S o u t h ...........
Crops above the overflow are back
6,350 298,319 shortly anticipated.
2,960 335,803
Total to be dedu cted ..........
ward.' There has been light rain on one day during the
6,856| 731,594 week, the rainfall reaching seventeen hundredths of an mob.
V1U total *l UP A MVm
: tlM t
K
. .I
LeavingK L’J t"Snet overland*.. 1 .12,590 800.914
Crops are doing well. The thermometer has averaged 60,
* tnoiudinKm ovem ent by rail to vor« w
I.B luui&k iau«OUlouv uy ***** w Canada.
Q
«"
The foregoing shows that the week’s net overland movement the highest being 77 and the lowest 42.
Memphis. Tennes re —Telegram not received.
this year has been 12,590 bales, against 6,858 bales for the
NaHiVille, Tennessee.—It has rained on one dayof the ween
w ^ k in 1898, and that for the season to date the aggregate net
a ..-L iL i* .
7______ _
O
f i r m p->f PLQ 0 0 A h o l o o
to the extent of two hundredths o f an inch. The ther
mometer has ranged from 36 to 75, averaging 35.
1895-96.
1896-97.
M o b ile A la b a m a .— The weather has been dry and too cool
In Bight and Spinnert*
during the week, delaying germination and injuring young
Since
Since
Tatting*.
Week. Sept. 1
Week. Sept. 1
plants. Condition is very backward. A v e r a g e thermometer
6,453.808 54,666 4,973,623 63, highest 81 and lowest 45.
Apr.
Montgomery Alabama. —Farmers are progressing well
800,914
6,850 731,594
Bet riverlmiil to Apr■. 2 3 .
672,000 16,000 652,000 with their work. We have had no rain during the week.
The thermometer has averaged 62, the highest being i4 and.
76.850 7,926.722 77,522 8,359,217
Total m arketed...........
64,253 * 16,505 214,104
* 10.173
(BtorSomtoek* In oicei..
‘ 'iJadivm '’Florida -P la n tin g is stiU in progress. There
61,017
57.877
HUM RIKUl UtlUUP
has been no rain during the week. The thermometer has
6,573,021
7,990,975
Total In «!»ht Apr. 23.
ranged from 47 to 86 , averaging 70.
„ ,,
Savannah, neorgia. - W e have had d
r
y
:? | SSg
1,804 1,415,091
North's uplnnerntak'gftto Apr. 23 32.297 1,500,091
week. The thermometer has averaged 64, the highest being
- L e e m w e i)tiring w*’«k.
, .
It will be seen by the above that there has come into sight 81 and the lowest 50.
Augusta. Georgia.—There has been no ram during the
during the weok 57,677 bales, against 61,017 bales for the
week. The thermometer has averaged 60, ranging from 44
same week of 189';. and that the increase In amount in sight
to 81.
to-night aa compared with last year is 1,417,354 bales.
»-*»-•** I
•*4K j
3-J
QO*W j
s is !
OCTOATlOVa FOB UlODUKO COTTON AT OTHER MABKET8.-
THE CHRONICLE.
A p r il 24, 1897.J
1897.
Charleston, South Carolina.—Dry weather has prevailed
all the week. Average thermometer 64, highest 76, lowest 51.
Stateburg. Sourh car ohm .—There has been no rain all the
week and a moderate precipitation would be beneficial.
Light frost occurred on Wednesday but without damage.
The thermometer has averaged 60’8, the highest being 79
and the lowest 39.
Greenwood. South Carolina.—There has been no rain the
past week. Moisture is needed to sprout seed. Gardens
are in good condition. The thermometer has averaged 58,
ranging from 46 to 71.
Wilson, North Carolina.—Telegram not received.
The following icatement we nave also received by telegraph,
showing the height of the rivers at the points named at
8 o’clock April 22. 1897, and April 23, 1896.
A p r . 22, ’97. A p r .
325 C op . in g s , c o m m o n
T w ist.
d.
Mb 19
“ 26
Apr. 2
“ 9
“ 16
“ 23
14*7
150
5*4
7-7
38*7
’ 96-7
’95-6
’94-5
’ 93-4
S h ip m e n t s s i n c e S ep t. 1.
T ota l.
C o n ti
n e n t.
T o ta l.
1,000 8.000 9.000
......... 26,000 26,000
1,000 7.000 8.000
.........39,000 39,000
21.000
56.000
6,000
40.000
379.000
486,000
203,000
50 L,000
400.000
542.000
209.000
541.000
T h is
W ee k .
C o n t i
n e n t.
G rea t
B r ita in .
C o n tin e n t.
6,000
10,000
37.000
43.000
43.000
53.000
6,000
10,000
14.000
7,000
20.000
17.000
T o ta l,
1,000
4,000
2,000
4,000
20,000
12.000
56.000
45.000
76.000
57.000
Total all—
1896-97...
1895-96...
3.000
7.000
5.000
8.000
32.000
32.000
107,000
95,000
139.000
127.000
2,000
1,000
3.000
4.000
The above totals for the week show that the movement from
the ports other than Bombay is 3,000 bales fens than the same
week last year. For the whole o f India, therefore, the total
shipments since September 1, 1893, and for the corresponding
periods of the two previous years, are as follows.
EXPORTS TO EC BOP E FROM A,
S h ip m e n t s
to a l l E u r o p e
fro m —
B o m b a y .........
A ll other ports
Total
1896-97.
T h is
w e ek .
S in c e
S ep t. 1.
INDIA.
1895-9b
T h is
we-ek.
1 S in
| S ept.
1894-95.
T h is
w eek .
S in c e
S e p t . 1.
9,000
5,000
400,000
139,000
26,0001
8,000
512.000
1 27,000
8,000
4,000
209,000
102.000
14,000
539,000
34,000
089,000
12,000
311,000
T h is
w eek.
S in c e
S ep t. 1.
d.
'®738
^738
^738
^738
^738
®73s
in g s , c o m m o n
to f i n e s t .
s.
4
4
4
4
4
4
d.
s. d.
4 13'®6 8 ^
4 1a® 6 S1
^
4 1a® 6 8 ^
4 1 ®6 8 ^
2
4 12® 6 S1
^
4 12 a 6 S1
^
1895-96.
M id .
U p ld s
d.
4 18 33
43s
41832
41332
43s
41332
S to c k
T h is
S in c e
w e e k . S e p t. 1. 1897.
101
1
82,645
10,371
6,716
116
102
99,732
116
W eek E n d i n g A p r . 23.
48.000 1.123.000
83.000 1.640.000
79.000 863,000
69.000 1.262.000
Oaloatta—
1,000
1896-97...
1895- 96... 1,000
Madras—
189697 ...
1895- 96 ...
A il others—
1,000
18969 7 ...
1895-96...
2,000
3,000
d.
6*3
^
^
^
^
^
Total.............................
S in c e
S ep t. 1.
S h ip m e n t s s i n c e S e p t. 1.
T o ta l.
d.
4
3 3 I 30 6
4
6
4132 6
4*8 6
4*8 6
8 * 4 lb s. S h ir t C o tV n
1 8 S6 .
74,143 11,241
10,40S 1,707
4,783 3,262
1,658
1,830
89,334 16,210
8,663
5 ,1 7 5
The exporcs for the week ending this evening reach a
total o f 565 hales, of which 312 bales were to Great Britain,
253 to France and — to Reval, and the amount forwarded to
Northern mills has been 562 bales. Below are the exports
for the we?k and since September 1 in 1896-97 and 1895-96.
E x p o r ts
fr o m —
According to the foregoing Bombay appears to show
a decrease compared with last year in the week's receipts of
35,000 bales and a decrease in shipments of 17,000 bales, and
the shipments since Sept. 1 show a decrease of 142,000 bales.
The movement at Calcutta, Madras and other India ports for
the last reported week and since the 1st o f September, for tw o
vears, has been as f o l l o w s .O t h e r ports” cover Ceylon,
Tutioorin, Kurrachee and Coconada.
G rea t
B r ita in .
d.
7
7
7
7
7
7
T w ist.
Savannah ..........................
Charleston, <fec.................
Florida. & c........................
R e c e ip ts .
G rea t
B r ita in
S h ip m e n t s f o r th e w e e k .
d.
s.
0 ^ 6
0 1c® 6
0*s®6
0 ^6
0
-a>6
0 TbH
325 C o p .
M id .
U p ld s
1896-97.
BOMBAY RECEIPTS AND SHIPMENTS FOB FO0B YEABS.
O r e a t O on tiB r it'n . n e n t.
d. s.
®7318 4
» 7 3 16 4
®73 16 4
^ 73 16 4
-ft)7*4 4
®7^1n 4
R e c e ip ts to A p r i l 23.
receipts
and shipments of cotton at Bombay have been as follows for
the week and year, bringing the figures down to April 22.
S h ip m e n t s th is w e e k .
6 5 16
63q
638
65iq
63s
6 "|fi
to f i n e s t .
F eet.
190
354
12*8
21*3
51-6
I n d i a C o t t o n M o v e m e n t F r o m a l l P o r t s . —The
T ea r
1896.
8 * 4 lb s. S h irt- C o tV n
S e a 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. The
receipts for the week ending to-night (April 23) and since
Sept. 1, 1896, the stocks to-night, and the same items for the
23, ’96. corresponding periods of 1895-96, are as follows.
F eet.
N ew O rleans.......
M em p his..............
Nashville..............
S hreveport........... .........A bove zero o f gauge.
V icksburg............ .........A bove zero o f gauge.
609
S'vann’h, <feo
Charrt’n,«fec
Florida, &o.
New Y ork ..
G r e a t F r 'n c e
B r iV n .
d ie.
S in c e S e p t. 1, 1896.
G r e a t F ran ce
T o ta l. B r iV n .
T o ta l.
d ie.
.........
.........
......... 15,028
2,933
3,076 18,104
2,933
io *
150
253
6,513 16,833
10.574
102 3.135
N o r th ’ n M il 8,
S in c t
W ee k . S e p t .l .
562 26,274
1,925
6,716
........
.........
.........
415 10,320
150 10,574
3,033
T ota l........
312
253
565 41,838
9,691 51,579
562 34,915
Total 1895-6
856
144
1,000 37,599
6,467 44,066
317 36,990
Phila., & o...
.........
A considerable portion of the Sea Island cotton shipped to
foreign ports goes via New York, and some small amounts via
Boston and Baltimore. Instead of including this cotton for
the week in which it leaves the Southern outports, we follow
the same plan as in our regular table o f including it when
actually exported from New York, &c. The details o f the
shipments of Sea Island cotton for the week will be found
under the head “ Shipping News,” on a subsequent page.
Quotations April 23 at Savannah, for Floridas, common,
8c.; msdiumfine, 10c.; choic°. 13i£c.
Charleston. Carolinas. medium line, 17@17}^c.; fine, 18c.;
fully fine, 19® 20c : extra fine, 2S@33c.
J ute Burrs, B agging, & c.—There has been more business
doiog in jute bagging during the week under review. Put
prices are uncha ged, the closing quotations to-night being
5'4'c. for 1% lbs., n ^ c. for 2 lbs. and
for standard grades.
Car load lots of standard brands are quoted at 5Wc. for 1%
lbs., 5JgC. for 2 lbs. and 6%o. for 2 Ibi.. f.o.b. at New York.
Jute butts are quiet at l-05c. for paper quality, l'30c. for
mixing and l^ c . for bagging, all to arrive.
E x c h a n g e s . —The following exchanges have been made
during the week:
•04 pd. to e x c h . 500 May for June.
10 pd. to e x o h . 3,100 May for A.uir.
37 pd. to exch. 600 Nov. fo r July.
01 pd. to exoh. ‘2 00 July for Aug.
*11 pd. to exoh. ft,900 May for Aug.
10 pd. to exoh. 2,100 May for July.
38 pd. to e x o h . 1,000 O ct f »r \ug.
05 pd. to exoh. 100 May for June
04 pd. to exoh. 700 Oct. for Deo.
•15 pd. to exoh. 400 Oot. lo r oepv.
12 o d .toex ch . 12,200 May for Aug.
’ l l p I. to exoh. 1.200 Sep. for May.
02 pd. to exoh. 100 July for Aug.
-24 pd. to exeh. 500 Deo. fo r May.
•27 pd. to exch. 300 Got for May.
•26 pd. to exeh. 100 Nov. fo r M ay.
09 pd. to ex ch . 200 May fo r July.
A l e x a n d r i a R e c e i p t s a n d S h i p m e n t s .— Through arrange
H i g h W a t e r i n t h e M i s s i s s i p p i .— B y the crevasses at
ments we have made with Messrs. Davies, Benachi & Co., o f
Liverpool and Alexandria, we now receive a weekly cable of Delta and La Fourche, La., this week considerable additional
the movements of cotton at Alexandria, Egypt. The following area in the Mississippi Valley has been overflowed. The sixth
are the receipts an 1 shipments for the past week and for the
break in the Yazoo-Mississippi delta levees occurred on W ed
corresponding week of the previous two years.
nesday morning at Shipland Landing, Issaquena County,
A l e x a n d r i a , Egi/pt,
Miss., and inundated much highly productive land. According
1894-95
1895-96.
A p r i l 21.
1896-97.
to a report issued by the Treasury Department at Washington
R eceipts (oa n tars*)....
on April 21st the total area submerged at that date exceeded
45,000
Phis week............ .. .
10,000
9.000
5.601,000
5.160,000
4,506,000
Since Sept. 1 ..............
20,0)0 squire miles, the crops from which last year approx
T h is
S in c e
T h is 1 8 i n c e
T h is
8 in ce
w e e k . S ep t. 1.
w e e k . S ep t. 1. imated in value close to twenty-two millions of dollars,
w e e k . S ept. 1.
of which over sixteen million dollars w is represented by
E xports (bales)—
To Liverpool
6.000 JO 1.000 2,000 303.000 2.000 240.000 cotton, the production of that staple being placed at 466,056
3.000 300,000 2,000 273.000 j 6.000 293.000 bales. Telegraphic reports this evening indicate that the
T o C ontinent*.......
Total Europe
9,000 601.000 4,000 576,000, 8,000 533.000 crest of the flood has reached New Orleans and that every
effort is being made to hold the levees against it. At Helena
* A oamtar Is US pounds.
I Of whioh to linerlea in 1396-97, 43,3 71 bales; in 1895-9 6,5 1,43 1
and Memphis a gradual declins is in progress.
bales; in 1894-95. 37,995 bales.
M a n c h e s t e r M a r k e t . —Our report received by cable
to-night from Manchester states that the market is firm fo r
yarns and steady for shirtings. The demand for loth home
trade and foreign markets is improving. We give the prices
for to-day below and 1 » k - those fer previous weeks of this
p
and last year for comp; rison.
S h i p p i n g N e w s . —The exports o f cotton from the United
States the past week, as per latest mail returns, have reached
73,834 bales. So tar as the Southern ports are concerned these
are the same exports reported by telegraph and published in
! the C h r o n i c l e last Friday. With regard to New York we
include the manifests o f all vessels cleared up to Thursday.
THE CHRONICLE
810
Total bales.
KBW YiUtK—T o IJvrrp o), per steam er Coyle, 6,194 upland
6,350
........
and 162 8#» Island.,. . ...................................... a .
854
To
jwsr »t-*<ner I.orei * 5 .9 5 1....... .............. ......................
1,000
To L -u h. per steamer Critic, 1,000 ......... ................... ............
T o B a n e , pot 8 to a * «r L * N iruiAUtUe, 453 upland and 253
705
S , » I aI akiI . . . .................... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
151
TO Ifr.-ai
per .learnerSpree. 151......... ................................ .
1.781
To Hatnlmre, per ateamer Patrla, 1,781............ ................ ...
To Antwerp, per steamer* Kensington, 2 ,0 1 0 ___Port Dar3.281
n o , 1 , 2 0 - '. --------- . . . . . . . . . . . . . . ....... .............................
.........
To in -:,.a, |wr »te»roer» 8oludta, 2 .1 8 1 ....W a r m , 6 0 0 .......... 2,731
900
To Naples, per steamer W orm, 9 0 0 ............................................
600
To TVu Me. per steamer P lfqua, 8 0 6 ..........................................
300
To Venice, per -hearner ITcqus, 3 0 0 ..... ................. ................ .
K t w OKI r i t e —To L iverpool, per «! earner Costa Rican, 1,873.. 1,873
9,900
T o Belfast, per steamer Torr Head, 9 .900........................... .
Tii A ntw erp,per ateamer Castilian Prince, 2 ,4 9 8 ................. 2,493
5,370
To Bremen, per steamer Australia, 5,370...................... . . . . . .
To 8t. Petersburg, per ship Sava, 3.745................. ................... 3,715
T o Barcelona, per steamers Barcelona, 3 ,2 5 4 ....J . Jov er
5,551
8crra, 2,300 . . ........................................................... .........
To Genoa, per steamera CJUta dt Messina, 9 5 9 ___Tuscan
Prince, 3 ,8 5 0 . . . . . . . ............ ........................................................ 4,809
6,676
JtOBB-B TO Bremen, per steamer Specialist, 6,676........ .............
#iVA.i?.-An—To Bremen, per steamer Qlenm orven, 4,723............ 4,723
2 ,6 5 )
iig cin sw ick —To St. Petersham, per ateamer Crown, 2,650 —
Bo st o s —To Liverpool, per steamers Sachem, 895_ Sylvanla,
_
95 upland slid 320 Sea Island ... Victorian, 1 4 0 ................ 1,450
819
T o Hail, per strainer Ohio, 819................... ..............................
m u r m u R S — To Liverpool, per steamer Rossmore, 676 upland
1.281
ni:d805 8 e» Island........ .
— ...............------1,271
T o Bremen, per steamer Aachen, 1.271........ ......................... .
848 F iu x c is c o —To Japan, per steamer City o f Rio de Janeiro,
300
3 0 0 .............................................. ...................................................
50
T acoma —To Japan, per steamer Brai nier. 5 0 ...............................
2,150
8KATTLK - T o Japan, per steamer Sahara Maru, 2,1 50.................
T o ta l--------------------------- ------------------------------ . . . . . . . . . . . . . —
[ V o u lxtv
Apr. 2.
Sales o f the w e e k ..........b a les.
O f w hich exporters took ___
Of which speculators took..
Sales A m erloau..........................
Actual e x p o r t.............................
F orw arded..................................
Total stock—E stim ated..........
O f whloh A m erican—
Estlm 'd
Total Im port o f tha w eek........
O f w hich A m erican..........
A m ount afloat............................
O f whloh A m erican...............
A pr. 9
55.000
A pr. 10
61,000
1,000
1,200
600!
52.000
1,000
55.000
8,000
A pr. 23.
59.000
1,000
1,000
54.000
6,000
68.000
34.000
1,400
200
32.000
8,000
6,000
68.000
59.000
55.000
,281,000 1.273.000 1.258.000 1.254.000
,117,000 1.134.000 1.111.000 1.100.000
44.000
66,000
52.000
57.000
a 0,000
48.000
39.000
31.000
101,000
78.000
69.000
94.000
90.000
80.000
05.000
58.000
The tone o f the Liverpool market for spots and futures each
day o f the week ending April 33 and the daily closing prices
of spot cotton, have been as follows.
Spot.
Saturday Monday. Tuesday. Wed’d ay. Thursd'y. Friday.
Market, 1
1:45 P. M.J
M ld.Upl'ds.
Spec. & exp.
Good
demand.
;
6
«
£
Futures.
M arket, (
1:45 F. M.$
3
©
w
(
s
Market,
A P. M. j
;
Harden’'!?
Harden’!?. tendency.
4%3
fc
A
1
s
c
tc
4%
4*6
12,000
500
cS
12,000
500
10,000
500
•
Steady at Steady at
partially
a decline. 1-dt adv.
1
1
Quiet.
Finn.
Steady
Quiet.
73 834
The prices o f futures at Liverpool for each day are given
The particulars of these shipments, arranged in our usual below, Prices are on the basis o f Uplands, Low Middling
form, are as follows.
clause, unless otherwise stated.
New Y ork.
N, Orleans,
Mobile.......
Savannah..
Brunswick.
B cston .___
Baltimore..
San B ran..
T acotn a,...
S eattle___
Total
Other
Brem en Other
L iver- United
< Ham- North South
5
pool. Kingd. Havre. burg Burope.Europe.Japan, T o l a 1.
6,356 1,351
705 1.932 3,281 4,587 .......... 18,715
1,873 9,000 ......... 5,370 6,243 10,363 ......... 33,749
6,670
.................................... 6,670 ....................................
4,723
.................................... 4,723
2.650
2,650
2 269
1,450
819
2,552
1,271
1.281
300
300
50
50
2,150
2,150
10,960 12,573
705 19,972 12,174 14,950
2,500
73,834
Below we add the clearances this week of vessels carrying
cotton from United States ports, bringing our data down to
the latest dates:
QALVKSTOS—T o Liverpool—April 17—Steamer Governor, 2,235.
T o M ar Chester—April 2 1 -S tea m er Kimrstor, 7,005.
N e w OKLF.AS9- To L iverpool—April 21—Steamer Musician, 7,2 00___
A pril 22—Steamer Traveller, 5,0 00___April 23—Steamer Mira,
5,000.
To Havre—April 1 7 - Steamer Queensmore, 10,465 ...A p r il 1 9 Steatrer Benito, 8,134— April 21 —Steamer Oorrleutee, 6,461.
T o Dunkirk—April 16—Steamer Barbara, 1 ,1 8 4 ... April 23—Steamer
Marino, 1,750.
T o Bremen—April 22—Steamer Benrath, 7,100.
To Hamburg—April 22—Steamer Helghington, 960.
T o Genoa—April 21—Steameia Catalina, and Moorish Piiuo3,
10,700.
M obile —T o L iverpool—April 21—Steamer H untcliff. 3,409.
P ensacola - T o L iv e rp o o l-A p t 1121—Steamer Legislator, 4,081.
S avan n ah — 8t, P etersbu rg-A pril 1 7 -S team er Cento, 4,425.
To
To Barcelona—April 2 1 —Steamer Coreo. 3,392.
B a t Naw ic k - To Bremen—April 16—Steamer Heuthfield, 3,9 25.......
April 22—Steamer Henley, 5,251.
Noufolk - i o Live rpool—April 16—Steamer Pinner’s Point, 2,577.
To Rotterdam —A piil 21—steamer M obile, 20o.
B o s i c s —To Liverpool—April 14—Steamer Oestrian, 3,031 upland and
20 E gyptian.. Anrll 15—Steamer Roman, 78 upland and 150 Sea
Inland — April 16—Steamer Catalonia, 639___ A pril 2 0 -Steam era
Michigan, v34; Philadelphian, 230.
B at-t i . uiii. - 1 o Liverpool—A p iil 14—Steamer Ulstermore, 1,076.
v
To Bremen—April 17—Steamer Orefelii, 1,536.
To Hamburg—April 10-S teaiu er Arable, 250.
PrilLADEi phia To L iverpool—April 20—Steamer Indiana, 144.
H s I ka . CISCO—T o Japan - A srll 21 -S te a m e r Gaello, 493.
a
k
Below we give all news received to date of disasters to
vessels carrying cotton from United States ports, & c.:
B abb Ait A, Mearner lBr.1, from New Orleans, April 17. for Dunkirk,
w ith 1,184 bales id cotton, w en t ashore A pril 2 ) and as alt efforts
to II"(it her failed, part o f her cargo had to bo discharged, llo r
u " bl n-ry
>
deranged, and on brin g floated she was towed back
to New Orleans fo r Inspection and repairs.
Cotton freights at New York the past week have been
as follows.
Batur.
U r a rp ooL u k e d .d ,
Do
............ d.
H a m ....... ..........e.
Do ...................c,
B r e m e n ............ d.
Do ............... if.
Mmmfamg.. .
Do
. . . . . . ./I.
A m sterdam ........ e.
Bev&t, v.
tk> v. HttIL..cf.
B arcelona... . .
G e n o a ................. ri.
T rieste.. . . . . . . . . .
A ntw erp........... fi,
Ghen I,t ,A n t « * f J ,
1
*
!
s
i
a
J
l
•
!
1
\
Mon.
Tuee.
Wednes. T h u n .
181
....
301*
Fr-
181
181
18!
18I
....
....
....
301*
301 *
30l*
301*
...
....
25-27%! 25-27*g1 25-27 %i 25-27%! 25-27 %i
....
251
251
25!
251
25!
....
251
251
251
25!
251
25j28
2S123
2B128
28m
25i:a
381
381
38!
138
38!
....
>8
%
%
J
e
%
35!
35!
351
35!
35!
"M
h*
"|H
7m
»•*
*64
*04 .
9«
Li YUrpool .—By cable from Liverpool we have the folic
statement of the week's sales, stocks. &c,, at that port.
S a tn r,
lio n .
A p r il 17 to
A p ril 23.
A p r il.
Amril-M ay..
M ay-Ju ne..
Ju n e-J u ly..
Ju ly.-A n g ..
A ug.-Sept..
Scpt.-O ot...
O ot,-N ov ...
N ov.-D ee...
D eo.-Jan ...
J a n .-F eb ...
Feb,-M oll...
T aes.
1
I
d.
•
£
c3
J
a
cd
?
a
w
W ed.
T U u rs.
F r l.
1 :4 5 4 1:45 4
1:45 4
P. M. P.M. P. M. P.M. P. M. P.M.
'
4
4
4
3
3
3
3
3
3
3
3
d.
d.
01 4 01 4
01 4 0 1 4
0 0 :4 0 0 4
63 4 0 0 4
63 3 6 3 4
6 0 ,3 6 0 3
54 3 5 )i3
4 8 .3 4 8 1
3
4 6 3 40 3
4 5 3 45 3
45 3 45 3
02
02
01
01
00
61
55
49
47
46
46
d.
4 04
4 03
4 02
4 02
4 01
3 62
3 56
3 50
3 48
3 47
3 47
d.
d.
4 05 4 0 4
4 04 4 0 3
4 03 4 02
A 02 4 02
4 Ol 4 0 1
3 63 3 6 2
3 57 3 5 ft
3 50 3 50
3 48 3 483 47 3 47
3 47 3 4 7
B R E A D S T U F F S .
F r i d a y , April 33, 1897.
Thera has been a fairly large volume of business transacted
in the market for wheat ff mr. The sharp rise in wheat values
following the declaration of war between Turkey and Greece
stimulated a fairly brisk call from the home trade for supplies,
principally the trade brands, and prices have advanced
sharply. There has also been a fairly active demand from
shippers for the low grades and higher prices have been paid.
At the close the market was fairly active and firm. Advices
received from the Northwest have repirteda continued active
demand, but principally from the home trade, at better
prices, Bye flour has been in moderately active demand at
steady values. Corn meal has had a fair sale at unchanged
prices.
There was an active and somewhat excited speculation in
the market for wheat futures early ia the week, and prices
advanced sharply on the formal declaration of war between
Turkey and Greece. The net advance in prices for tha week
amounts to 4W&5%0. fo r the near-by deliveries and 3}^@3%c,
for the distant mouths. Saturday there was aetive buying lor
foreign account, and prices closed at an advance of 1®^@3}^c.
for the day, Monday the market opened excited ana decid
edly higher on the war news from the Far East, The highest
prices were reached during the first hour of trading, May de
livery selling up to 83,%c. Realizing sales caused a reaction of
about 3o. from the top values of the day, but at the close prices
showed a net advance of 3j§£@1^ 0. Tuesday ad vices were r e
ceived from the foreign markets, which had been closed since
Thursday, in observance of the Eastertide holidays, and as the
advices were disappointing there was further selling to realize
profits.iand prices closed
down for the day, Wednes
day and Thursday the net changes in prices were unimportant,
although the speculation continued fairly active. To day,
however, on the reports that the Greeks had repulsed the
Turks and were recovering territory they had lost, the market
turned stronger and the close was firm at an advance of
\%o. On the “ c u r b ” prices further advanced J^c. In the
Spot market a moderate volume of business has oeen trans
acted with shippers ; in fact demand at the close was active.
The sales were principally of spring wheat for forward load
ing, The terms of sales were generally private, but prices
quoted were : 87i£c. for No, 1 Northern Duluth, f, o. b.
afloat; No. 1 Northern New York at 85@35J£c., f, o, b. afloat,
and No. 3 hard winter at 84c,, f. o, b, afloat,
DAILT 01,08130 PB10B8 OP NO. 2 BEI) W IST Eli WHJ4AT.
Bat.
May dell very.... ....... o. 77%
June delivery................ o.
July delivery .................o.
Septem ber delivery___ e.
D ecem ber delivery....... o.
77%
76%
74%
77
Mon.
81%
80^9
78 ^
80%
Tuet,
80%
79%
79%
77%
79%
W ed .
8 0 ‘s
79”
76%
78%
Thun.
80
79%
78%
75%
77%
F •*.
81%
80%
80
76%
78%
THE CHRONICLE
A p r il 24, 1897.1
There has been a slight increase to the speculative dealings
in the market for Indian corn futures and prices for the week
have advanced
c. on buying, largely by shorts to cover
contracts, stimulated by the declaration of war in the Far
East and in sympathy with the sharp rise in wheat values.
To-day the market was fractionally higher, following the im
provement in wheat* prices. In the spot market only a lim
ited volume of business has been transacted, but prices have
advanced with futures, closing with sales of No. 2 mixed at
303g@30t£c. in elevator and
f. o. b. afloat; also
old yellow at 31c. in store.
D A IL Y
O L O S IH O
P B t lB S
OP
HO.
2
M IX E D
CORN.
8 a t.
A p ril.............................
M ay d elivery .......... . .. .0
Ju ly delivery..............
September d elivery ...
M on.
T u ts.
W ed .
T h u rt.
F r i.
295a
29%
30%
32*4
30%
3019
31%
33
30%
3010
31%
32%
30%
29%
31%
32%
30%
29%
31%
32%
30%
30
31%
32%
in such leading makes as Fruit of the Lcom, Lonsdale,
Masonville and Homestead 4-4 goods. The demand for
such goods has been on a somewhat fuller scale and
stocks are in good shape.
Medium and low grade
bleached shirtings are steady with a quiet business.
Sales of wide sheetings have been on a limited scale
with slightly lower prices quoted on one make. Cotton
flannels have sold in fair quantities, but prices have been
unsteady and iu some instances fully down to the basis
of last week’s auction sale. Brown sheetings and drills are
firm in standards and fairly steady in other weights. The
demand, however, continues quiet throughout. Cotton blank
ets are inactive. In coarse, colored cottons small orders show
some increase in numbers, particularly for denims, but the d e
mand is readily met in all descriptions at previous prices.
Sales of kid-finished cambrics are limited. Staple and fancy
prints and printed specialties have been in quiet request but
generally steady. Ginghams, both staple and dress styles,
have ruled dull and unaltered. Print cloths have been in
active. No sales of regulars reported at Fall River, where
the quotation is unchanged at 2 9-16c. nominal.
Speculation on the market for oats for future delivery has
been quiet, but there has been an advance in prices for the
week of l@ lj^ c ., in sympathy with the improvement in other
grains and on the war news from the Far East. To-day the
market was firm and J^c. higher. In the spot market busi
1897.
S to c k 0/ P r i n t O lot/ u —
A p r . 17.
ness has been more active ; shippers have been fair buy
At P rovidence, 64 squares.
ers and prices have advanced. The sales to-day included No. At Fall River, 64 squ ares.. >
f
*
2 mixed at 23c. in elevator and No. 2 white at 26c. in elevator. At F all R iver, odd s iz e s .... )
D A IL Y
C L O S IN G P R IC E S O P H O . 2
M IX E D
OATS.
t o t a l (to o k (p ie o e s )....
S a t.
M on.
lu e s .
W ed .
Thun
F r i.
May d e liv e r y ................. o. 21%
July delivery....................o. 22%
22%
23%
22%
22%
22%
23
22%
22%
22%
23%
811
1896.
A p r . 13.
(;
!
1
:
247,000
791,000
533,000
1,621,000
1895.
A p r . 20.
119.000
27.000
113,000
259,000
1894.
A p r . 21.
219,000
340,000
81,000
640,000
* By agreement am ong th9 oloth brokers no detailed statem ent ot
the print oloth market is made publio.
Rye has continued in demand for export to Germany and
W o o l e n G o o d 3 . —There has been a further falling off in
prices have further advanced. Barley has bsen fairly active the demand for woolen and worsted trouserings and suitings
and firm.
in all grades during the week, and business has been on a lim
The following are closing quotations :
ited scale only. In an ordinary season this would be the
FLOU B.
natural sequel to the placing of initial orders, but many sellers
F i n e . . . . . . . ...... y bbl. $2 1 5 » 2 85 i P atent, w in ter........... $4 5 0 a 4 90 had hoped that under tariff inducements buyers would be
4 8 0 9 4 90 tempted to extend their purchases to cover more than usual
S n p e r lln e .........___ 2 5 0 9 3 35 C ity m ills e x t r a s .....
Bxtra, N o .2 ............ . 2 9 5 9 3 50 K ye flour, su perfin e..
2 30® 2 75
of their future requirements. Tnere is no speculation, how
E xtra,N o. 1 — .........
310®
3 40 Buokwheat flo u r.— ..............® . . . .
ever, despite the prevailing indications of a higher market for
d e a r s . . . ......... .
3 4 5 9 4 25 Corn m eal—
S traigh ts.................... 4 10 9 4 35
Western &o............ 1 70 9 1 75 merchandise later on. The general tone is very firm, and it
Patent, sprin g.......... 4 25 9 4 55 i B randyw ine............
1 80
is quite the exception to find a seller easy to deal with either
[W heat flou r In Baoks sells at prices below th ose to r ba rrels.)
in Btaple or fancy lines. There have been no new features in
G B A IH .
the market for cloakings or overcoatings. Satinets are Blow,
Wheat—
0.
Corn, p er bush—
0.
0.
0
Flannels and blankets
Spring, p er b u su .. 82 9 88
West’ n m ix e d ... . . . 29 ® 32% and ootton-warp cassimeres dull.
B ed w inter No. 2 ..
Nominal.
No. 2 m ixed........... 3O30» 315s have been in limited request but firm in price. Dress goods
B ed w in ter____. . . 82 9 87
W estern y e llo w ... 30 %® 33
in plain lines are strong and the general run of fancies firm.
Northern, No. 1 ... 87%3> 87%
W estern W hite___ 30% ® 33
F o r e ig n D r y G o o d s . —There has been more business done
0 » t s —M ixed ,p er bn. 20 9 24
B ye—
W hite...................... 21 9 31
Western, p er bush. 39 9 43% during the past few days for fall than for soma time past,
No. 2 m ix ed .......... 23 9 24
State and J e rse y .. 39 a 44
but still both buyers and sellers are cautious. Tae market for
26 9 27
■ o . 2 w h ite......... .
Barley—W estern___ 40 9 48
dress goods, silks, linens and other leading descriptions is
F eedin g................... 33 9 34
very firm. Seasonable business is small and featureless.
tW~ F o r o t h e r t a b le s n s n a llv g iv e n h e r e s e e p a g e 7 8 6 .
Im p o r ta tio n s a n d W a r e h o u s e W it h d r a w a ls o f D ry G o o d s ,
The importations and warehouse withdrawals of drygoods
at this port for the week ending April 22, 1897, and since
N e w Y o b k , F r id a y , P. M ., April 23, 1897.
January 1, 1897, and for the corresponding periods of last
There has been but a moderate attendance of buyers in the year are as follows:
market during the past week, and the business arising from
orders by mail and wire has certainly not been above the
average. There has thus not been, so far, any such develop
ment of demand as there were expectations of, based upon
the successful auction sale of last week. The outcome, al
though disappointing in this respect, has not adversely affected
the general tone of staple cotton goods ; in fact, the only
changes in prices noted have been in an upward direction,
bleached cottons in leading makes gaining some
per cent
on the week. This is an encouraging indication that despite
the quiet character of buying for so long a time past it has
nevertheless been, in some directions, constant enough not
only to prevent any accumulation of stocks but to put sellers
in a position where they can name higher prices with good
prospects of realizing them. The woolen goods division of the
market has been dull as a rule, but the general tone continues
firm. Business with jobbers has been indifferent, but a
marked improvement is expected next week from the influx
of buyers attracted by the Grant Memorial celebration.
D omestic! C otton G oods —The exports of cotton goods
from this port for the week ending April 19 were 1,341
packages, valued at 172,397, their destination being to tl e
points specified in the tables below:
THE
DRY
GOODS
TRADE.
1897.
N e w Y o r k to A p r il 19.
1896.
W ee k . S in c e J a n . 1.
Great Britain........................
Other E uropean....... ......... .
C h in a .....................................
125
100
5
Arabia.......................
A frloa ..................
West Indies.....................
M exloo...........
Central A m erica...................
Booth A m erica..........
Otner Oonntrles....... ........
67
227
78
291
408
40
1,667
1,354
27,145
992
6,859
3,889
5.053
804
2,599
17,141
1,436
W ee k
107
5
€00
S in c e J a n
943
146
148
250
264
66
68,636
8,750
2,529
2,145
64.866
13,307
T otal.................................
1,341
77,386
'f r o m Yew England m ill points d lreot
4,674
i.
678
1,217
26,722
2,450
5,574
5,325
3,945
971
2,860
14,006
1,118
78.173
T ota l........................
China, via V an cou ver*,..
1,341
!
The value of the New York exports for the year to date brs
been 12,822.780 in 1897 against $2,983,734 in 1896.
Bleached cottons have developed a marked hardening tend
ency this week, advances of 2 to
per cent being reported
THE CHRONICLE.
812
8 w t
C ity S m w i m n v i
TERMS
Xj..
a
tsijj
OF
S U B S C R IP T IO N .
is-
S ffp lX t fK X T w i l l W fu r n is h e d without
• , . i.-r y a n n u a l s u b s -n h .-r o f tin- C o m m e r c ia l
$^XjLXt"S il* OilllC*NICILE.
e r tf',
A M ii
*Thv v: >:■ ,.\s's> Cstv Si;W’I Kmkmt will also be furnished
j
:
:
:
bet O the CHBO
l
Till; Kill way SPWUBIEHT wlO like\yise be fnrn i‘,hi i -rt!h itt K.ftm c h a w to every subscriber of the
CHSOSl, l.v..
Tht y r i . n os St'ppiJEJtKS'T, issued monthly, will also he
furnished if !■•>»( extra ehtrge to even-subscriber of the
CoRosf u:.
TERMS { . • thr Chbokici.f with the four Supplements
.
name 1are Ten Dollars within the United States and
Twelve I'll.
in Europe, which iti both eases includes
above
form s o f Advertising—(Per inch space.)
Or i
........ ....................... S3 50 I Three M onths (13 times) ..$ 25 00
O ne Month
i» t m n -i.. ! I 00 SU months
(26 tim es).. 43 00
T iro Months
(SthucH i.. IS 00 1T w elve Months (52 tunes). 58 00
The above L •m for tm« month ami upwards are fo r standing cards.
Chicago, l i l .—Ext met x from the Mayor's Message—Insubmitting vis annual message to the Bract o f Aldermen,
Mayor Swift furnishes a detailed review of the city government
for the past year. We give the following portions of the
message which relate to the financial condition of the city:
“ There has been an earnest effort under this administration
to aim mister the city’s affairs efficiently and economically,
but you will doubtless remember that each year you are com
polled to cut down the annual appropriation between $2 ,00 0 ,090 and $3,tK <Xi below the aggregate amount which the
>0,Q
heads oi del, trtments estimate as necessary to ba expended,
i f all taxable property could be made to bear its fair share of
the public burden, and only its fair share, there would proba
bly be ......evasion for any general increase in the rate of tax
ation. hut merely a more'e<{uitable distribution of the amount
raised and a larger and sufficient revenue to the city.
“ In recent years, prior to my administration, the difficulty
of managing the city's affairs to the satisfaction of the com
munity upon its limited income led to the loose and improper
practice of running into debt. In the last two years this iudcotedness has not only not been increased but has been
sensibiy reduced. Its mare existence was an embarrassment,
and in’the early part of this administration an attempt was
made to secure* legislation from the State which would enable
the city to fund it by issuing bonds. Notwithstanding a
well-defined public sentiment in favor of aucb legislation none
was enacted. Resort was then necessarily had to the issuance
of time warrants- in anticipation of the collection of taxes,
and their issuance has made it possible to c irry on our muni
cipal government. The subsequent collection of taxes and
the practice of close economy have put us in position to
redeem such warrants at the close of each fiscal year, and to
pay our own current indebtedness,”
From t be t tides presented we are enabled to give the follow
ing data concerning the resources, expenditures, assets and
liabilities of t he city for the prat year.
The montvi appropriated for corprrate purposes for the
year 1896 were as follow?:
KqtiAiizeU vain.itlmi t> property ... .........,$213,476,825
(
« p-t cm
i
................ ..............
$1,880,538
Income from mi-tolhitmi'iu .nitrons..............
3,655,722
DepartniMit p'«etpts, transfers and from
'■l- ' lii! (town's..................... ....................
1,194,652
Tola!......................................................
89,719,910
The expenditures for the same period were §0,070,676,
leaving $10,231 as an unexpended balance of appropriations.
The bonded debt baa been reduced §044,000 during the last
two years and the floating debt nearly $630,000.
The permanent assets amount to §50,§40,410, and the total
bonded debt, including water certificates and trust funds, to
§17,119,870, making the surplus value of realty over bonded
debt, $39,730,042,
The uncollected taxes and cash on band amount to $16,436,i>! > and the entire indebtedness, other than the bonded debt,
.
p, r p y . y , l e a v i n g a surplus of current assets over current
liabilities of $70,565.
B o n d t*ro|Mt stil* a n d N e g o t ia t io n s ,—W e have rethrough fc i> week the following notices of bonds
l .«
reoesith
ri and brands ottered and to be offered for
B&m:
% €. —Bond Offering.—E , J. Brabham, GhairL
m&n of the Bo*f< , n? rsiiperviaore, reports to the Ohroniclt,
that Iu a illCfffl tiirsc the town of Bamberg will offer for sale
■
to
1> court-house and jail bonds. The si curf
iUm wiI! bear $ pe r cent Interest, payable semi-annually, and
[VoL. LX1V .
will mature from 1898 to 1937, inclusive, This loan will con
stitute the only indebtedness of the town. The assessed val
uation is about $350,000.
Baxley, da.—Bonds Authorized.—At an election held in
Ibis town on April 18, 1897, the people authorized the issu
ance of water-works bonds to the amount of § 6 ,000 .
Berkley, Va,—Bond Bale.—Toe Finance Committee of
Berkley bus awarded the 835,000 of 5 per cent improvement
bonds to C. H White & Co, of New York Citv. The securi
ties are of the denomination of $1,Out)each, dated July 1,1897;
interest is payable semi-annually and the principal will ma
ture in thirty years from date o f issue.
Bethlehem, Pa.—Bond News.—It has been reported that
Bethlehem has placed a loan of $4,000. W e are officially in
formed that no such loan was made, but that an electionWill
be held in June to decide the question of issuing §75,000 of
street-improvement bonds.
Bradley County, Tenn.—Bowie Proposed.—It ie reported
that Bradley County propn.*s to issue road-improvement
bonds to the amount of §75,000.
Bristol;County, Mass.—Bond Sale.—On April 2 1 , 1897, the
County Commitsiomrs awarded the §100,000 of four p ’ r cent
notes to E. H. Rollins &Sons of Boston, Mass., at 101 T>3. The
other bids received were :
Adams & Co,, Boston, Mass ............................................................. 101-422
Blndget, Merritt * (Jo , Boston, Mass.............................. 101-410
U h OliV & Co., Boston, Mass................. . .................. 101-079
.
Third National Bank, Boston, Mass................................ 101-030
• . W Longstreet & Co.. Boston, M ass................. .............. .......... 100-657
T
Parkinson S Burr, Boston, Mass.................................... 100-623
t
The notes are of the denomination of §30,000 each, dated
April 23, 1897; interest is payable semi-annually and the
principal will mature in four years from date of issue.
Brockton, Mass .—Bond Offering. —Proposals will be re
ceived until 7 o’clock p. m . April 28,1897, by W. H. Emerson,
City Treasurer, for the purchase of $25,000 of 4 per cent water
bonds and .§80,000 of 4 oer cent sewer bonds. The securities
will be dated May 1, 1897, and the interest will be payable
semi-annually on the first days of May and November. The
water loan will be issued iu the form o f coupon bonds of
§t,000 each, maturing May 1, 1937, and the sewer loan will
be in the form of registered certificates of S1,000 each, matur
ing at the rate of §1,000 per annum from May 1, 1898 to 1937,
inclusive. The gross debt of the city of Brockton on May 1,
1897, will be §1,958,680. The debt incurred by special legisla
tion (included in total debt) consists of a water debt of 8730,000, sewerage debt of §544,500 and city- hall debt of §168,000,
total §1,433.500, making the amount of debt to be withiu the
debt limit, §536,180. The debt limit is §573,458 76, or 3J^ pec
cent of the average valuation for the last three years, which
amounts to $33,908,279. The population is estimated at 35,803.
Brooklyn, N. V,—Bond News.—The Board ot Aldermen of
this city was this week requested to appropriate §3,100,000 for
water-works improvements. The issuance of these bonds
would bring the city debt up to about $1,500,000 in excess of
the debt limit, aud for that reason Comptroller Palmer objects
to the issue of the bonds. The borrowing capacity of the city
will be increased on August 1 about §2.000.000. The matter
was referred to the Committee on Water and Drainage.
Cambridge, Mass.—BondA Proposed,—This city will peti
tion tne Legislature to authorize a loan of $100,000 for various
mprovements.
Cape May, N. J .—Bonds Authorized.—The City Council
has authorized the issuance of improvement bonds to the
amount of § 12 ,000 .
Carroll County, Ha.—Bond Offering.—This county pro
poses to issue 6 per cent refundiug binds for the purchase of
which proposals will soon be received.
Catsklll, N. Y.—Bonds Proposed.—It is reported that this
town proposes to issue paviag bonds to the amount of §80,000,
and that a bill authorizing the issue has been passed by the
Senate.
Centre Hall, Pa,—Bonds Authorized.—It is reported that
water-works bonds of this municipality to the amount of
§5,000 have been voted,
Chamhergbnrg, Pa.— Bond News.—A report has been pub
lished that this borough has sold §4,000 of bonds at prices
ranging from 10013 to 1Q3'05, We are officially informed
that the borough has not issued any new bonds. It is sup
posed that thereport originated through the sale by an execu
tor, in settling up an estate, of that am ouit of borough bonds
held by the estate.
Christian County. Ky.—Bond Offering.— Proposals will be
received until May 18, 1897, by this county for the purchase
of §100,000 of refunding bonds. Toe securities will bear in
terest at the rate of 5 per cent and mature in thirty yeats
from date of issue.
The above was published last week under Hopkinsville,
Ky., which was incorrect,
Cleveland, Ohio.—Bond Sale.—On April 20,1897, the §300,000 of 1 per cert sewer bonds were awarded to W, J. Hayes
& Sons of Cleveland at 107*48, The other bids received were:
liletz, DonlBoti & Prior. Cleveland, Ohio............................. 107*37
Parson, b -U‘!l A. Co , New York, N. Yr ........ .......................t 07- 17
Blndeet. Men it ! A O . Boston, Has? ................... ............107-07
.
n
1 f,. Day A do. amt Blaise Bros. & Co,, Boston, Mass............ 108*82
!.
N, w. Hants a- Co., Chicago. III ..................... .................106-81
K H, Hollins * Sons, Boston, Mass................... ............... 106-67
!,. W. Morrison, New York........................ .....................105'55
A p r il 24, 1897.J
THE CHRONICLE,
The bonds are of the denomination of §1,000 each. Interest
is payable semi-annually on the first days of April and Oct
ober and the principal will mature October 1, 1921, both
principal and interest being payable at the American Ex
change National Bank of New York City. The payment of
these bonds will be provided for bv taxes levied on all city
property, and we are informed that the city of Cleveland will
probably not issue any more bonds this year.
Clinton, Mass.—Bond Issue.—The city of Clinton has
issued §15,000 of bonds to pay the cost of extending the water
works.
Coatesville, Pa.—Bond Offering. —Proposals will be re
ceived until 12 o’clock noon April 27, 1897, by the Finance
Committee for the purchase of §23,000 of 4 per cent water
bonds of this borough. The securities will be of the denomi
nation of $'00 and S500; interest will be payable semi
annually on the first days of January and July and the prin
cipal will mature January 1,1927, subject to call after July 1,
1898. Each proposal must be accomoanied by a certified
check for 5 per cent of the amount bid for.
Colbert County, Ala.—Bond Offering —Proposals will be
received untd 12 o’clock noon May 10, 1897, by the Probate
Judge of Colbert County for the purchase of §100,000 of 5 per
cent road bonds. Each bid must he accompanied by a certi
fied check for §1,000.
Colomo, Mich.—Bonds Proposed.—It is reported that this
municipality is contemplating the issuance of water-works
bonds.
Corona (S. Y.) School D istrict No 2 .—Bonds Authorized.
—New school house bonds of this district to the amount of
§15,000 have been authorized.
Crooksville, Ohio.—Bond Sale—This village has awarded
$6,000 of 6 per cent 10-20-year street-improvement bonds to
the Lamprecnt Bros. Co., of Cleveland, Onio, for §6,186.
Dennis. Ha-s —Bond Offering.—Propwals will be received
until 2 o’clock P. M. April 27, 1897, by the town of Dennis
for the purchase o ' §10,000 of notes, each bid to sttte the rate
at which the loan will be taken. Tne notes will rpature at
the rate of §1,000 per annum, from 1898 to 1907 inclu-ive.
Detroit, Mich,— Bond Redemption.— The city of Detroit
will redeem some of its outstanding indebtedness with the
money now held in the sinking fund.
Douglass County (Minn.) Independent School District
No. 2.—Bonds Authorized.— The citizens o f this district have
voted in favor of a proposition to issue §14,000 o f 4(£ per cent
15-year school bonds of the denomination of §1.000 each. Of
this amount §10,000 will be dated June 1, 1897, and the re
mainder September 1, 1897.
Elizabeth. Pa.— Bonds Proposed.—The citizens of Eliza
beth have presented a petition to the City Council asking that
permission be granted to submit to a vote of the people a
proposition to issue street-improvement bonds.
Elmira, N. T.—Bond Sale.—The city of Elmira has sold
$49,500 of 5 per cent school bonds to Rudolph Kleybolte & Co.,
of Cincinnati, Ohio, at 104-48. The other bids received were :
Benwell & E veritt, New York. N. Y ..... ............................................104-276
Daniel A. Moran A Co., New York, N. Y .........................................104-238
Street, Wykes A Co., New York, N. Y .............................................. 101-200
Mason, Lewis A C o ., Chicago, 111...................................................... 104107
L . W. Morrison, New York, N. Y ............................. ........................103-753
Fareon. Leach A Co., New York N. Y .................... ........................103-750
E. H. Rollins A S on s Boston, Mass.................................................. 103 630
Bertron A Storrs, New Y ork, N. Y ...................................................103-570
W alter Stanton A Co., New York. N. Y .......................................... 103-220
The Lam precht Bros. Co . Cleveland, O hio....................................103-070
C. H. White A Co., New York. N. Y ................................................... 102-750
The loan is issued in the form of registered bonds ; interest
is payable semi-annually and the princioal will mature from
1906 to 1910.
Falrhaven, Ma«s.—Bond Sale.—On April 21, 1897, the Board
of Selectmen of Fairhaven awarded the §75,000 of sewerage
bonds to Jose Parker & Co., of Boston, Miss., at 103-9159.
The other bids received were:
G. A. Fernald & Co , Boston, Mass ................................................. 1 0 1 '319
E. H. Gay A Co., BostOD, M ass.......................................................... 103-790
Adams A Co., Boston. Mass .............................................................. 103-536
Dietz, Denison A Prior, Boston. Mass.............................................. 103-477
N. W. Harris A Co,. Boston. M a s s .................................................... 103-430
Estabrook A Co., Boston. M a s s ...................... ................................. 103-421
Blake Bros. A Co., Boston, Mass.................... . . . . . . . . . ...... .......... 103 180
Parkinson A Burr, Boston, M a s s ......................................................103-172
New Bedford lo st, for Savings, New Bedford, M i s s ................. 103120
R. L. D ay A Co., Boston. Mass........................................................103-079
B lodget. Merritt A Co., Boston, M ass.............................................102 810
Tower, Giddlogs A Co.. B iston. Mass ............................................ 102 770
Jas. W. Longsti-eec A Co.. Boston. Mass.................... ................... 102-672
£ . H. Rollins A Sons, Boston, M ass..................................................102-539
The securities are coupon bonds o f the denomioation of
§500 and §1,000. They are dated April 1, 1897, and interest at
the rate of 4 per cent is payable semi-annually on the first
days of April and October. The principal will mature as fol
lows.- §2,000 annually on October 1 from 1898 to 1902, §3.000
annually on Oct. 1 from 1903 to 1907, §1,500 annually on Oct.
1 from 1908 to 1912, §5,500 annually on Oct. 1 from 1913 to
1916 and $5,500 on April 1, 1917. Principal and interest are
payable at the First National Bank, Boston, Mass.
Freeland, Pa.—Bond Offering.—This municipality will
receive proposals for the purchase of $12,000 of 6 per cant
school bonds,
Freeport, N. Y.—Bowl Sale.—On April 17,1897, the §2.500
of water bonds of the town of Freeport were awarded to Benwell & Everitt of New York City at 107-54. The securities
818
bear interest at the rate of 5 per cent and will mature in
twenty-two years from date of issue.
Gaffaey, S. C.—Bond Sale.—The $12,000 of 6 per cent
twenty-year City Hall and electric-light bonds of Gaffney
were sold to R. M. Oates of Charlotte, S. C., at par.
Gloucester, Mass.—Bonds Authorized.—X loan to the
amount of §24,000 for municipal improvements has been
authorized by the Common Council of this city.
Grand Forks (N. D.) Independent School District.—Bond
Sale.—Bonds of this school district to the amount of §25,000have been sold to F. R. Fulton & Co. of Grand Forks at
100-16. The securities are dated April 1, 1897; interest is pay
able semi-annually on the first days of January and July and
the principal will mature in twenty years from date of issue<
Greenspring, Ohio.—Bond News.— George W . Eirhart,
City Treasurer, reports to the C h r o n i c l e that the question of
issuing water-works and electric-light bonds will not be put
to a vote of the citizens of Greenspring at the coming elec
tion, as a majority of the voters do not seem to favor the
project.
Greenwood, S. C.—Bonds Authorized.—D. C. Du Pre,
Mayor of Greenwood, reports to the C h r o n i c l e tnat the
citizens of this municipality Have voted in favor of a prop
osition to issue $25,000 of court-house and jail bonds, to
bear interest at a rate not to exceed 7 jer cent.
Hartford, Conn. —Regarding Financial Condition of the
City.—The following information in regard to the financial
condition of the city of Hariford, is taken from Mayor Pres
ton’s message submitted to the Common Couacil on April 19,
1897:
“ During the year §1,000,000 of 6 per cent Capitol bondscame
due, and the city was able to refund the same at 3% per cent,
thereby reducing the interest charge
Per cent Per annum,
besides receiving a very handsome premium on the sale of the
bonds. At the same time it became necessary to issue for the
purposes of paying the expenses of the intercepting sewer,
public improvement bonds to the amount of $.’50,000. These
public improvement bonds were also issued at the rate of
per cent, and the city received on the entire issue of §150,000
a premium amounting in the aggregate to §31,817. This is
not only satisfactory as furnishing additional funds for the
expenses of the city, but as showing the high stand of the
credit of the city of Hartford in the commercial w orli.
“ The entire city debt is as follows:—
W aterdebt.................................... ................................................... $970,000Other bonds of the olty, none o f wliioh bear a higher rate of
interest than 3*a per cent per annum and $750,000 of
wliioh bear Interest at the rate o f 3 per ce n t......................... 2,517,000
Notes....................................................................................................
194,181
T otal..................................................... ......................................$3,681,181
Less oash reserve to pay lo r m atured Capitol bonds...........
7,000
$3,674,181
“ From this should be deducted the sinking funds, amount
ing to §309,851, and the water debt, amounting to $970,000,
leaving the net city debt on April 1, 1897, §2,394,330, as
against §2,251,190 on April 1, 1896, showing an increase of
§143,140. This, in view of the additional expenses incurred
by the city in connection with the intercepting sewer and the
park improvements, does not seem to be a very serious
change. It shoul 1 be remembered, however, that on April 1,
1896, the cash on hand, as shown by the Treasurer’s statement,
amounted to §171,554, while on April 1, 1897, the cash on
hand amounted to §31,344, a difference of about$90,000, which
added to the increase in the debt shows that the actual condi
tion of the city to-day is that of an increase of about $233,000
in its liabilities above its assets.”
Helena, M on t—Sale Postponed.—The sale of §161,500 of
refunding bonds of Helena, which was to have taken place on
April 12, has been postponed until April 27, 1897. The securi
ties will be of the denomination of §500 each, dated January 1,
1896; interest will be piyahle semi-annually and the princi
pal will mature as follows: §3.000 at the rate of §500 Der an
num from January 1, 1900 to 1915, inclusive, and §153,500 on
January 1, 1916, both principal and interest being pavable at
the office of the City Treasurer of Helena or at the Third Na
tional Bank of New York City, a3 the purchaser may desire,
The bonded debt of tne city, including this issue, is §391,500
assessed valuation (estimated at
of actual value), $12,656,783. The population is estimated at §15,000.
Hollister, Cal.— Bond Offering.—Proposals will be received
until 8 o’clock P. M., June 7, 1897, by J. H. Shaw, Town Clerk,
for the purchase of §35,000 of 6 p'°r cent sewer bonds, payable
iu gold coin of the United States, of the present standard, The
securities will be of the denomination of §875 each, dated
June 1, 1897 ; interest will be payable semi-annually and the
principal will mature at the rate of §375 per annum, beginning
with June 1, 1898, payable at theofiice of the Town Treasurer
of Hollister. All bids must be at least equal to the par value
of the bonds and be payable in gold. Each proposal must be
accompanied by a certified check for 5 percent of the amount
of the bid.
This issue of bonds will constitute the only indebtedness of
the town of Hollister. The assessed valuation of real and per
sonal property is §1,100,000 ; the actual value is estimated at
about $2,000,000. The State and county tax rate (per §1,000)
is §13-50; town tax rate (per §1,000), §7 00. The population
is estimated at about 2,500.
Jamaica, N. Y.—Bond Sale.—The $450,000 of 4 per cent
thirty-year gold road-improvement bonds of the town of Ja-
THE
8i4
uraltH
of N«
1063
M ae
CHRONICLE.
hii'h it wot* supposed were awarded to J . F. Hume
x\irfc 0jtT. have l»et*n sold to E. D. Btltpftoi & Oo., at
Tiw eth r but# received were :
.
,
Bwil.iQ Mean
............ ................. 108 100
i . N.'tt Yiitk, X. Y ........................................... 107-160
■ „r Dun- Savinas Bank o f ll’ ktvul .$*ftO,OO0.1OS'8*O
•
"■
•
■
(lin o..................................... 108-680
. . . , V -... ■••.".0,000................... 108*300
si -I York X Y
........................ 100-01)0
. xvw Yorb. X. Y
............................ 101-907
; . i... X .-» York, 8. Y .................................................... 103-670
if the above bids were in acoordauoe with the con*
f she sale. The proposals of the Dime Savings Bank
Kusgr County Trust Co. were barred out because they
d the clause “ if legally and lawfully issued” , and it
lUt.'
*d that these two institutions propose t o contest the
i rt i
( th< bonds to E. D. Shepard < Co. on the ground
&
that that clause did not make the bid a conditional one.
Jamestown. X. Y,—Bond Bile.—On April 19. 1897, the
Board of Public Works of Jamestown received the following
hid. for the $50,000 of -1 per cent 20-year sewer bonds, the
ji.iii'-j of 4 per cent 10-year paving bonds and the $26,000 of 5
per cent 5-year paving certificates:
MMm -
$50,000
■ Sneor
Bonds.
$4,000
Paving
Bonds.
$26,000
Paving
Oerlfs.
102*.'0
103-00
.106*500
Bcnvi-i: 4 Ever! ___
s
102-41
102-30
.106*420
Walter Stanton J Co....................... 100-420
e
102-U
103-21
.105-280
X. W. Harris a
.106*179
%. H. Rutiles*
.....
loo-si
101*50
.108-000
Street, w. i.c- & Co..........................108-000
102 43
103*11
.105-970
Colon Tni't Co...............
105-970
102-30
.105-672
103-15
I>i,; j, Denison 4» Prior................... 105-872
105*120
C. It. White * Co.............................105-120
100-25
.104-070
100-25
Elw. C. Jones Co ............................101-070
,104*730
Mason, Lewis JsCa............. — ....104-730
.104*670
W J. Hayes A Boos.........................104-670
. 104*625
Daniel A. Moran 4 Co......................104-625
k
.104*510
101*01)
100*00
Kndolpli KleyboUe 4s Oo.................104-510
101-03
101-125
.104-5C0
Heriron A Storm.............................104-5C0
102-87
100-873
.102-513
j.t- W. Longatreet A Co................. 102-513
.$70 prem.
Parson, Leaoh 4s Co ........................$70 prem.
The $50,000 of sewer bonds were awarded to Ban *(11 &
Everitt, the $4,000 of paviDg bonds to Diet is, D nison & Prior
ami the $26,000 of paving certificates to Jas, W . Longstreet
& Co.
Jasper County, Iud ,— Bonds Proposed .— The County Commi---.oner- of Jasper County propose to issue $40,000 of court
house bonds.
Jellico, Tenn .—Bond Offering.— Proposals will be re
ceived by Dr. D. W . Moore, Mayor of Jellico, until 1 o’clock
p, m .. May 23, 1897, for the purchase of $6,000 of school bonds.
The interest on the securities will be payable semi-annually
and the principal will mature in twenty,, years from date of
issue. Each bid must be accompanied by a certified check
for 5 per cent of the amount bid for.
Joplin, Mo.—Bonds Defeated.— R. A. Spears, City Clerk,
reports to the Chronicle that at a recent election the citizens
of Joplin defeated by 23 votes the proposition to issue §3,000
of sewer bonds.
Lincoln, Mass.—Bonds Proposed .— A bill authorizing this
municipality to issue $25,000 of water bonds has passed the
State Senate.
Lincoln Park, III. —ligiort o f Board o f Commissioners.—
The Board of Commissioners of Lincoln Park, in presenting
their annual report, state that the bonded debt on April 1,
!*•!'?, consisted of $460,000 and the floating debt $19,620,
Since April 1, 1893, the floating debt has been reduced from
$109,000 md $25,000 of bonds have been paid off. The total
receipts for the year amount to $451,000 and the expenditures
to $433,685,
I.o* Angeles, Cal.— Bowls Authorized .—The citizens of Los
Angeles have voted in favor of a proposition to issue $370,000
of bonds. W . A. Hartwell, City Treasurer, reports to the
C naosicu: that the securities will be issued in a short time,
Macon. Ha.—Bonds 1ufhorieed.—Funding bonds of the
city of Macon to the amount of $50,000 have been authorized,
Malden, Masa.—Bond Sale.— The $25,000 of 4 per cent
water bonds issued by the town of Malden were awarded to
Blake Bros. & Co. of Boston, Mass., at 100*29. The other bids
received wise:
! . ii 1 /> i * Son.-, Boston, Mass..................... ....................100-280
4 *i!tn
, Boston, Mass.....................................100-280
J«*o P4I
A (:< , Boston, Mass...... ..................... ................ 100-275
>
- " mil J * Boston, M
r
as,-'.......................................................100-270
Piirklasoa A Burr. Boston, Maas......... .................................... 100-1823
da». W Longst.'i t A Co., Boston, Mass ................................. 100 078
The securities will mature as follows: $12,500 on April 1,
1898, and $12,5.10 on April 1, 1899,
Hamaroneck, N. Y.—Temporary Loan .— The village of
Mamaroneck ha* placed a loan to the amount of $3,000. The
loan was issued in anticipation of the collection of taxes,
which will probably be levied within ninety diys.
Marietta, Ohio.—Bond Offering.—Proposals wilt be rereived until 12 o'clock noon, April 27, 1897, by Carl Becker,
City *’!< rk, for the purebasoof $11,808of 0 p -r cant bonds. The'
-a w ill be
ued " •'Ucipiitioa of the collection of
special isaw smeats for
' rovements; thev will be of
the den cnainatioa of
tnd bond-.- ted March 1 , 1897, mter« t will be payable r
i the principal will malure at hr- rate of f
C. - /{.,,, i Qff. i itiPd.'ha from date of issue,
payable at the P .
,f
»“ the city of New
mrd < • i.!
No bid
time the town of considered,
00 of courthouse »
per cent interest, pi
IVOL. LXIV,
Middletown, Conn.—Bond Offering.—Proposals will be received until 7 o’clock p. M„ April 29, 1397, by James P. Stow ,
City Treasurer, for the purchase of $200,000 to $315,000 o f 4
per oeut water-works bonds. The securities will be of the
denomination of $1,000 each, dated July 1, 1897; interest will
be payable semi-annually on the first days of January and
July, and the principal will mature July 1, 1032, both princi
pal and interest being payable at the office of the City Treas
urer o f Middletown, No bid for less than par and accrued
interest will he considered, and each proposal must be accom
panied by a certified check for $4,300.
This loan was authorized to provide means for the construc
tion of a new and additional system of water supply by
means of reservoirs, and will be issued in the form of regis
tered or coupon bonds, as the purchassr may desire.
The present indebtedness of Middletown is $338,030, includ
ing water bonds to the amount of $99,000. A sinking fund of
$4,722 01 is held to pay certain water bonds as they become
due. The estimated annual earnings of the new and old sys
tems of water works, after paying all interest and other
charges, amount to $6,000. The assessed valuati m for 1896
was $6 ,000 ,000 ; the actual valuation is estimated at about
$8,000,000. The population of the city of Middletown is esti
mated at 12,000 and that of the town at 18,000.
The official advertisement of this bond offering will be found
elsewhere in this Department.
Minneapolis. Minn.—Bonds Authorized.—A bill has been
passed by the Legislature authorizing $800,000 of bands of
this city for the extension of the water-works and erection of
new school buildings.
Monongahela, Pa. —Bond Election.—A proposition to issue
paving bonds will soon be put to a vote of the people o f this
town.
Munising, Mich.— Bonds Authorized.— A proposition to
issue water-works bonds to the amount of §31,000 was carried
by the citizsns of Munising at a recent election.
Naugatuck, Conn.—Bond News.—The $50,000 of 4 per oent
bonds of the borough of Naugituck were awarded at a private
sale to Leland, Towle & Oo. of Boston, Mass., at about 101-25,
They are dated March 1, 1897, and wilt mature March 1,1907.
Nevada County (Cal.) School District,—Bond Offering.—
Proposals will be reoelved until May 8 , 1897, by the Board of
Supervisors of Nevada County for the purchase of $10,000 of
S per cent gold bonds of this school district. The securities
will he of the denomination of $ 1,000 each; interest will be
payable annually on the first Monday in June, and the prin
cipal will mature at the rate of $2,000 per annum on the first
Monday in June from 1898 to 1902 inclusive. Each proposal
must be accompanied by a certified check for 5 per cent of
the amount of the bid.
New Brighton, Pa.—Bonds Proposed.—The citizens of this
municipality have under consideration a proposition to issue
$80,000 to §80,000 of sewer bonds.
Newtown (N, Y.) Union School District No, 1.—So*' l Sale.
—Oo Aoril 30, 1897, the $53,000 of 4 per cant school ends of
this district were awarded to Isaac W. Sherrill, of Pough
keepsie, N. Y., at 103 10. The other bids received were ;
Darnel A. Moran & Go.. New York, X. Y ........................................102-638
Bertnm * Storrs, Now Y ork. N. Y .....................................................102-500
People’s Savings Bank, Yonkers, N. Y. ($13,000)........................ 101-210
Henry R. W ilson................................................................ ■....... ..........101-087
W. J.’ Hayes & Sons, New York, N. Y ........................ ..$ 1 0 3 50 prem ium
A bid of $57,837 53 was received from Walter- Scaaton &
Co., of New York City, on the basis of the bonds hearings
per cent interest, and a bid of 102-79 from the Edw. C. Jones
Oo., of New York City, on the basis of the bonds bearing 4$£
per cent interest. Toe Oswegi City Savings Bank also bid
for $10,C D of the bonds on a 3% per cent basis.
O
The interest on the securities is payable semi-annually on
the first days of January and July, and the principal will ma
ture as follows ; $1,000 on January 1, 1901, and $52,000 at the
rate of $2,000 per annum from January 1, 19D2 to 1927, inclu
sive.
The net bonded debt of the district is $600; assessed valua
tion, $562,092; tax rate (per $1,000), $14'80. The actual value
is estimated at about $‘2,500,000 and the population at 2,500.
New York City.—Bond News.—The bill providing for an
issue of $7,500,000 of New York City bonds for school purposes
has been amended by the State Senate so as to increase the
amount to $10,000,000, The Assembly has concurred In the
amendments,
The Board of Estimate and ApDortionment of New York
City has authorized an issue of $480,000 of bonds for building
a new city prison.
New York,—Bond Sale.—On April 30, 1897, Comptroller
Roberts awarded the $3,000,000 of 8 per cent gold canal-im
provement bon As as follows : $6,000 to Ohas, 8 . Byington
of Albany, N. Y. at 102 ; $300,000 to Blair & Co., of New
York City at 101-75 ; $6,000 to Maclay & Davies of New York
City at 10P5D, and $2,088,000 to Harvey Fisk & Sons of New
York City at 101’279. The following is a complete list of the
bids received:
C. H. White & Co., New Y ork, N. Y ............................................
104-740
I. W. Sherrill, Poughkeepsie, N. Y ................................................... 104-162
J. W. RaD d .................. ..................... ......................................................... 102-100
Rudolph Kleybolte & Co., Cincinnati, O hio................. Premium $311 00
W. J. Hayes & Sons, New York, N. Y ................... .......Prem ium $230 00
Bids.
Amount.
$6,000....... .102 00
10,COO....... .100 76
Cliag. 8. Byington, Albany, N. Y ...................... ^
i o .oco....... .100-00
300,000....... .101-75
B lair & Co., New Y oik , N. Y .............................
6,000 . . . .101-50
M aclay & D avies, New York, N. Y . . . ..............
3,000,000....... .101-279
H arvey Fisk & Sons, N ew Y ork, N. Y ..............) or any portion.
200,00 0....... .101-265
200,000___ .101*225
2 0 0 ,0 0 0 ....... .101-165
2 0 0.00 0...... .100*985
30 0,00 0___ .100-955
300,000....... .100-915
Jos. . Gavin, Bnflalo, N. Y ................. ............. •
300,000....... .100*875
300,000....... .100*325
300,000....... .100-760
300,000....... .100-705
400,000....... .100-680
2,000....... .1 0 1 0 0
T m . B. SaTer, Warwick, N. Y . . . .....................
25.000....... .100-76
2 5 ,0 0 0 ___ .100*51
M etropolitan Savings Bank, New York, N. Y.
25 ,000....... .100-26
25,000....... .100 01
50,000....... .100-60
T roy Savings Bank, T roy, N. Y .........................
100,000....... .100-30
100,000....... .100-20
M anufacturers' Trust Co., B rooklyn, N. Y —
100,000....... .100-10
100.000___ ,.100 00
1 0 0,00 0___ .100-27
New Y ork Security & Trust Co , New Y ork,
100 0 0 0 ___ ..100*17
N. Y .......................................................................
5,000....... 100-25
Spencer Trask & Co., Albany, N. Y ..._ ............
30.000.......
Jamaica Savings Bank. Jam aica. N. Y ...........
^
B id d e r s .
A bid was also received from S. A. Kean, of Chicago, 111.,
which was not in conformity with the conditions of the sale.
North Dakota.—Bond Sale.—On April 15, 1897, the $112,000 of 4 per cent refunding bonds of North Dakota were
awarded to F. R. Fulton & Co. of Grand Forks, N. D., at a
premium of $1,340. A bid of a premium of $1,120 was also
received from the Board of University, Sohool and Public
Lands of North Dakota. The securities are of the denomina
tion of $1,000 each, dated May 1, 1897; interest is payable
semi-annually on the first days of May and Novetnbar and
the principal will mature May 1, 1927, both principal and in
terest being payable at the Chemical National Bank of New
York City.
Oakland, 3Id.—Correction. —We reported two weeks ago
that an election was to be held in Oakland to decide the
question of issuing bonds for the construction of water-works.
W e have since been informed that no election was held and
none is contemplated.
Pensaaken, N . J.—Bonds Authorized.—The Board of Edu
cation of this township has been authorized to issue $3,000 of
bonds to provide funds for the purchase of land on which to
erect a school house.
Phcenix, A. T.—Bond News.—T. A. Jobs, City Recorder, re
ports to the C h r o n i c l e that the party having the option on
the $10,000 of gold refunding fire department bonds is still
confident of securing them, although the city is at liberty at
any time to accept any other bid at par or above that seems
desirable. The securities will be of the denomination of $500
each; interest will be payable at the rate of 5 per cent and the
principal will mature in fifteen years from date of issue, sub
ject to call after ten years at the rate of $2,000 per annum.
Pickens County, Ala.— Bonds Proposed— This county ex
pects to issue 6 per cent bonds to refund certain 8 per cent
bonds which are now due.
Polk County, Iowa.—Note Sale.—The $50,000 of 6 per cent
warrants of this county have been awarded to Farsou, Leaoh
I
Interest on the securities from January 1, 1897, is payable
semi-annually on the first days of January and July at the
Bank of the Manhattan Company of New York C ity; the
principal will mature January 1, 1912. The bonds are exempt
from taxation ; they are secured by a sinking fund and are
issued in the form of coupon or registered bonds as the pur
chaser may desire.
Bonds Authorized.—T h e Governor has signed a bill author
ing an issue of $400,000 of bonds, the proceeds from which,
together with an appropriation of $600,000, will be applied to
the purchase of lands within the boundaries of Adirondack
Park.
Niagara Falls, N. T . —Bond Sale.—On April 10, 1897, the
$9,000 of 4 per cent twenty-year sewer bonds of Niagara Falls
were awarded to Bertron & Storrs, o f New York City, at
105'18. The other bids received were:
NEW
N E W LOANS.
LOANS.
P E L H A M M A N O R , N. Y , QUEENS
FOUR PER CENT
GOLD SEWER BONDS.
FOR
V IL L A G E
OF
SE W E R
P E L H A M
BONDS
IN
M a n o r , in s a i d
V i l l a g e , t h e s a id b id s w ill b e o p e u e d f o r t h e p u r c h a s e
of
9 5 0 .0 0 0 FOUR PER CENT G O LD BONDS,
o r a n y part t h e r e o f, o f t h e V illa g e o f P e lh a m M a n o r ,
j
th e
Y o r k , a u th o rize d an d i s
B o a r d o f S e w e r C o m m i s s i o n e r s o f s a id
V i lla g e , p u r s u a n t t o
th e
s a id b o n d s w ill m a t u r e In t w e n t y y e a r s f r o m
M a y 1 s t , 1 8 9 7 , t h e i n t e r e s t t o h e p a id s e m i -a n n n a ll y ,
on
M ay
1st an d
K n ic k e r b o c k e r
bonds
to
ch aser.
N o v e m b e r 1 st. at th e
T ru st
C om pany,
N ew
o ffic e o f
Y ork.
be c o u p o n o r reg iste re d a t o p tio n
The
T reasu rer,
b id s
to be ad d ressed to J o h n
P e lh a m
M an or,
N ew
Y ork,
th e
S a id
of
pur
II. D ey,
and
to
be
m a r k e d o n e n v e lo p e s “ P r o p o s a ls fo r S e w e r B o n d s ’
E a c h b id m u s t b e a c c o m p a n ie d w ith a c e r tifie d c h e c k
p a y a b le t o t h e o r d e r o f s a id
cent
of
th e
to ta l
T rea su rer, fo r tw o
a m o u n t o f th e b id .
The
per
r i g h t is
r e s e r v e d t o r e je c t a n y o r a ll b id s .
D a te d P
F.
M
e l h a m
CA R LE S
a n o r
. N . Y ., M a rc h 2 3 d . 1897.
M E R R Y ,
B oard o f
C. H A ZE N ,
Sew er
C le r k .
D IE D K IC H
W IL L IA M
H E N R Y
JO H N
A s s e s s e d v a l u a t i o n ................................................. $ 8 5 , 3 4 5 , 1 1 1 0 0
R e a l v a l u a t i o n ........................................................... 2w0 , 0 0 0 , 0 0 0 0 0
T o t a l d e b t (a litt le n v r e th a n 2 # o f
a s s e s s e d v a l u a t i o n ) ....................................................
1 ,8 4 9 ,0 0 0 0 0
P o p u l a t i o n . 1 5 0 ,0 0 0 .
A g r e a t p a r t o f Q u e e n s C o u n t y is i n c l u d e d I n t h e
G R E A T E R N E W
n O U K . a n d w ith in t h e p o r tio n so
I n c lu d e d a r e p r a c t ic a lly a ll o f t h e h i g h w a y s f o r t h e
I m p r o v e m e n t o f w h ic h t h e s e b o n d s a r e Is s u e d .
L e g a l f o r In v e s t m e n t f o r T r u s t e e s a n d S a v in g s
B a n k s in N e w Y o r k S t a t e .
P r ic e a n d P a r tic u la r s o n A p p lic a t io n .
The LamDrecht Brothers Co.
197 Snperior St., Cleveland, 0.
$
C IT Y
I 3
0
OF
, 0
0
C o m m is s io n
S C H M ID T .
ers.
B. R A N D A L L ,
Due Oct. lnt, 1 9 2 9 .
..................................
$ 1 4 ,3 9 4 ,1 6 7
T o t a l D e b t ............................................................$ 8 3 6 , 0 0 0
c o n C i t y B o n d s ) ......................................... 2 0 0 , 0 0 0
$ 6 3 5 ,0 0 0
$ 5 0 0 ,0 0 0
T h e C ity ’s A n n u a l
U N I O N , S. C. ,
6 ' Water Works & Electric Light
Bonds.
w h i c h $ 6 0 ,0 0 0 i s
R evenue
a p p ro p ria te d
is
a b o u t $ 2 6 0 ,0 0 0 , o f
a n n u a lly
to
th e
pay
m e n t o f I n te r e s t a n d S in k in g F u n d .
P r ic e a n d p a r tic u la r s o n a p p lic a tio n .
E. D. SHEPARD & CO.,
3 Broad Street, New Y ork.
T h e T o w n o f U n i o n , 8 . C ., w i l l s e l l F o r t y T h o u s a n d
D o lla r s o f S ix P e r C e n t B o n d s f o r W a t e r W o r k s a n d
E le c tr ic L ig h ts ,
T h e s e b o n d s a r e is s u e d in a c c o r d
a n c e w ith a n A c t o f t h e G e n e r a l
James N. Brown & Co.,
A s s e m b ly a p p r o v e d
M a r c h , 1896, Mg iv in g c itie s a n d to w n s p e r m is s io n t o
B A N K E R S
«-A Cedar Street,
-
-
NEW Y O R K
is s u e b o n d s fo r W a t e r W o r k s a n d E le c tr ic L i g h t s ."
M U N IC IP A L , C O U N T Y . SC H O O L
B id s m u s t b e se n t b y M a y 2 0 t h , 1897,
To
F . M . F A R R . C h a ir m a n ,
U n io n , 8 . C .
$ C 1 5 ,0 0 0
City of Middletown, Conn,
New Water-Works 4# Bonds.
L e s s 9 i n k ln g F u n d ($ 1 0 0 ,0 0 0 in M a
The Slate Constitution limits Macon’ s
total indebtedness to 7 per cent of the as
sessed valuation.
$ 4 0 ,0 0 0
& SONS,
Cleveland, Ohio.
Interest Quarterly: January, April, July
and October 1st.
A s s e s s e d V a lu a tio n
J. H A Y E S
311-313 Superior St.f
4 M f PAVING BONDS.
P o p u l a t i o n , 2 8 ,0 0 0 .
V illa g e .
W.
BOSTON, xMASS.
P u b lic P r o p e r ty O w n e d b y C ity V a lu e d a t
H . D E Y ,
DUE 1 9 2 1 .
The Taxes to pay this loan are levied
on all the Real and Personal Property
within the City. The Net Debt of the
City is $3,048,788 03 under the limit
prescribed by the Law admitting these
Bonds as Investments for the New York
Savings Banks.
0
N e t D e b t .......................................................................................
B . B. S T A P L E R ,
T reasu rer o f
SEWER 4s,
M A C O N , GA.
Dated Oct. 1 »t, 1 8 9 6 .
C I T Y
7 EXCHANGE PLACE,
A c t u a l V a l u e o f P r o p e r t y ........................................ $ 3 0 , 0 0 0 0 0 0
P r e s id e n t .
JO H N
C L E V E L A N D
p r o v is io n s o f t h e G e n e r a l
S e w e r A c t o f 1880, a n d its a m e n d m e n ts .
The
# * 2 0 0 , 0 0 0
Dated April 1, 1 8 9 7 .
Due April I, 1 9 1 7 .
Interest April nnd October.
T H E
e i g h t t h ir t y o ’c lo c k p . M „ a t w h ic h t i m e , a t t h e T r u s
su ed b
CO U N TY, N. Y .,
4£ ROAD BONDS.
S e a le d p r o p o s a ls w ill b e r e c e i v e d u n t i l M a y 1 s t, a t
W e s tc h e s te r C o u n ty . N e w
NEW LOAN
GOLD
M AN O R. N. Y.
t e e s ' R o o m s o f t h e V illa g e o f P e lh a m
N E W LOANS .
§ 6 1 8 , 0 0 0
8 5 0 ,0 0 0
PR O PO SALS
815
THE CHRONICLE.
A p r il 24. 1897.]
T O W N S H IP
BOUQHT
A N D
BONDS
AND
SOLD.
S E A L E D P R O P O S A L S IN D O R S E D
“ PRO PO S
A LS
KOR
B O N D S " w ith
c e r tifie d
check
on
a
N a t i o n a l B a n k f o r $ 4 ,3 0 0
in c lo s e d , to b e s e n t to
J a m e s P . St o w , C ity T r e a s u r e r , u n t il T H U R S D AY
E V E N IN G . A P R IL
29,
IY 9 7 , a t 7 o ’c l o c k .
T h e r e w ill b e is s u e d
n o t le s s
th a n
am i
not
grea ter
th a n
4
per cen t
s tr a ig h t 2 5 y e a r s , d a te d J u ly 1 , 1897, a n d m a t u r e J u ly
l , 1 9 ’< :2, a u t h o r i z e d b y s p e c i a l a c t o f G e n e r a l A s s e m
b ly o f S ta t e o f C o n n e c tic u t, J a n u a r y S e s s io n , 1897,
J o in t R e s o lu tio n 2 58. T h e a s s e s s e d v a lu a tio n fo r
ta x e s
of
1 8 9 6 is
$ 6 ,0 0 0 ,0 0 0 ,
a ctu a l
v a lu a tio n
$ 8 . 1* 0 , 0 i « - ; t o t a l b o n d e d d e b t ( n o t i n d u i n g t h i s
0
is s u e ) $ 3 2 6 ,0 0 0 :
W a t e r -W o r k s
D ep a rtm e n t
(o ld
s y ste m ),
$ 9 9 ,< - 0 0 ;
W a t e r -W o r k s
S in k in g
Fund,
$ 4 ,7 2 2 0 1 ; p r e s e n t n e t d e b t ( n o t i n c l u d i n g t h e o l d
w a t e r w o r k s ) $ 2 2 2 ,3 7 7 3 9 ; e s t i m a t e d n e t e a r n i n g s p e r
a n n u m o f n e w a n d o ld s y s te m a v a ila b le a f t e r p a y in g
in f u ll a l l i n t e r e s t a n d a ll o t h e r c h a r g e s , $ 0 / 0 0 ; p o p
u l a t i o n o f c i t y , r / , 0 0 0 ; t o w n . 1 8 ,0 u 0 .
T h ere bus
b e e n n o d e fa u lt o f a n y o b lig a t io n o f c ity o r t o w n .
T h e r i g h t is r e s e r v e d t o r e j e c t a n y a n d a ll b i d s o r
p r o p o s a ls .
A c ir c u la r o f p a r t ic u la r s w it h b la n k a t t a c n e d f o r o ffic ia l p r o p o s a ls l o r t h i s I s s u e o f b o n d s
c a n b e o b t a in e d f r o m , a n d a ll b id s o r p r o p o s a ls m u s t
b e a d d r e s s e d t o , J A M E S P . S T O W , C ity T r e a s u r e r ,
M id d le to w n , C o n n .
$ ‘£ 1 5 ,0 0 0
A
$ ‘ 2 0 0 ,0 0 0
,
S e c o n d -H a n d S e t o f C h r o n ic le V o lu m e s , f r o m
1 8 6 6 to 1 896, f o r s a le .
W IL L IA M B . D A N A C O M P A N Y ,
7 6 ^ P in e S tre et, N ew Y o r k .
_
W
,
v
*
.
THE CHRONICLE.
816
6 Co, of Chicago. TO,, at p«r. The securitlM are dated Apr
7 )«u: • intern*i h payable at matuntv and the principal will
due an M lo«> : $S.1.000 at the rate of SlO.oOO every
2 , muath* from April 1. l ^ a n d *1 0 000 at
rate of
* ' c .i pvi rv sis months, l.ijti lining with April 1, 1900. Both
principal «t»<J interest arc payable at lbs* Moines.
Portland Me.—Bond Aetr*— IX W . Howland, of Boston,
, , refus. d to accept the $300,000 of seven-months loan
..i.-t to hiu. on April 7. 1897, at 3 W 6 per cent discount
, remtem. clutming illegality in the awarding of the
;
s, w bid* w m * received by the city o f Portland and
T 'J 'a u ; were ti« nr, led to Woodbury & Moulton of Portland,
at a d t e t t n t o f 8-10 per cent. A bid of 3 00 disc, tint
Me
legality of
n«.» l p tniuitt.
r>
• to
...
.......•
e a M premium, subject. o ..otheBoston.Mass.,th» ,notes was
tn
f
by Katnbrook * C
f
and a
r cent d -count by Bond & Goodwin of Boston, Mass
OtiinCV Mass, —Bon l Sale. On April 33, 189t, H. x alter
r . i v Ciiv Treasurer, awarded the *30,000 of 4 per cent water
b.e -U w Estahn-ok & Co. o f Boston, Mass., at 103-827. The
other bids received were;
Rn.m-nh KifVt.olte a- Co., s a w York, N. Y .......................... l ? , v n . U
v
t-
K W Harris A Co., Boston, M a s s ..................................................... ........l 0 4 -!? 2
Adams A CO.. Boston. M oss.............................................................104 809
......w r m
m
u wt« St Co . Boston, MtleS................................................lOS /< u
.
Blndeet. Merritt A Co.. Bostou, Mass............................. vVu.'nvft
BinkoBws A Co.. Boston, Mass...................................103 /70
The loan is in the form of coupon bonds of 81,000 each,
d.,ed Mav 1. 1897 . interest is payable semi-annually on the
first days of May and November, and the principal will mature
I $1,900 per annum beginning with May 1, 1898,
l^th Principal and interest being payable at the National
Bank of the Commonwealth of Boston, Maw.
Rn,lt,BT fonnlY. Mlnu.—Bonds Defeated.—The bill authoriring lfcS w y O m ity to issue *85,000 o f road bonds has failed
to pass the Stale Legislature.
U S T S
FALL
SE N T
UPO N
A P P L IC A T IO N
MEMBERS OF BOSTON AND NEW YORK
STOCK EXCHANGES.
R. L. DAY & CO.,
4 0 W a te r S tr e e t, B o u to n ,
T X u m d S tr e e t, N ew Y o r k .
PUBLIC SECURITIES
S U IT A B L E F O B
The securities are dated April l, 1897; intores: is payable
semi-inouall*' on the first days of Anrd and October and the
principal will mature at ihr rate of $40,000 on April 1, 1922,
1925 and 1927, both principal and intereit biing payable at
the office of the City Treasurer of Scranton,
.Southington. Conn.—Bond Offering.— Proposals will be re
ceived until 2 o’clock P. M. May 12, 1897, by Edwin G. Lewis,
Town Treasurer, for the purchase of $90,000 of 4 per cent
bonds. The Hecuri'ies will be of the denomination of $1,000
each, dated July 1, 1897; interest will he payable semi-an
nually on the first days of January and July at the Southing
ton National Bank, and the principal will mature at the rate of
$30,000 every ten years from July 1, 1907 to 1927, inclusive. A
ceriiQed check for $1,000 payable to the order of the Town
Treasurer must accompany each bid.
These bonds will be issued for the purpose of funding the
present indebtedness of Southington, and will constitute the
only indebtedness of the town.
IN V E S T M E N T S
RIVER,
MASS.,
42 30-Year Registered Pub
lic Library Bonds.
B A TE D JA N U A R Y 1, 1897.
In te re st P a y a b le J a n u a r y anti J u ly by M a ll
A ss e s se d v a lu a tio n
..................... $69,286,496
T o ta l in d e b t e d n e s s .................. ......................... 4,809,4 06
W a t e r d eb t.
.......,.,....$ 1 ,9 0 0 ,0 0 0
S in k in g fu n d .......................................
S96.000
---- — ----- 2,796,000
Net indebtedness...., ....................
$1,513,405
P o p u la tio n , 100,000.
F ail R iv e r ran k s h ig h a s a C ity o f t h e first-cla ss.
Its fin an cial co n d itio n is e x c e p tio n a lly stro n g , th e
n e t in d e b ted n e ss b ein g le s s th a n
o f it s assessed
v a lu a tio n . A S in k in g F u n d to re tir e t h e s e b o n d s a t
m a tu r ity h a s b een c rea ted .
T h e bonds a re u n a u th o rize d In ve stm en t f o r S a v in g s
B a n k s and E s ta te s in t h e S t a t e o f N ew Y o rk .
L e g a l opin ion and p ap ers fu rn is h e d .
P r ic e s a n d p articu la rs on a p p licatio n .
P rice s
SAVINGS BANK AND TRU ST
FUNDS.
Scranton. P a —Bond Sale.—The $120,000 of -IXf per cent
school funding bonds of this city were awarded to Cyrus
Pierce for the Penn Mutual Life Insurance Company of
Philadelphia, Pa , at MS’Ol. The other bids received were
E. U. ItolttnB & Sons, Boston, Mass........... ............................... 111-820
E. C. 6! tillwood A On.. Boston, Mass ..........................................111-470
W. J. Hayes AsStms, Cleveland, OMo. ......................................111-070
Dietz, Denison & Prior, Cleveland. Ohio............................... .110-870
N. \ . Harris A Co., New York, n. y ........................................... 110-670
Y
The Lainpreoht Bros. Co.. Cleveland. Ohio............................... 110-620
Farson. Leach & Co . New York. N. Y................... ....................110-536
O IT White A Co., N York, N. Y ............................................110-210
. .
esv
Rmlolph K'ej-bolto & Co., Cincinnati, Ohio............................... no-139
R, h. Way & Co., Boston, Mass.................................................... 110-129
Edw. 0. Jones Oo„ New York, H.T.................................. ..........109-810
K. H. Guv A Co., Boston, Mass....... ............................................109-333
Isaac W Sherrill, Poughkeepsie, N. Y .........................................109 070
E. D Shepard A Co., New York, N. Y ................................ ...109-000
.
I,eland, Towle & Co., Boston, Mass............................................. 108-750
Scranton Savings Bank,Scranton, P a ......... „............................ 108-510
Townsend, Whelan A Co., Philadelphia, Pa............................... 108-000
Mason, Lewis & Co., Chicago, 1 1
1 ................................................107-310
Sailer A Stevenson. Philadelphia, Pa.......................................... 107-010
John T. Williams, Scranton, Pa. (for $5,000)............................ 104-000
< 5 ,0 0 0
Investment Bonds
New York Savings Banks
and Trustees.
St. Joseph, Mo.—Bonds Authorized .—The City Council of
St. Joseph has passed an ordinance to refund ,$824,000 of 6
per cent bondB by an issue of 4 per cent 20 year bonds.
INVESTM EN TS.
IN V ES TM E N TS
FOR
an d
P a r tic u la r s
on A p p lic a tio n .
C. H. W H IT E & C O ,
BAN KERS.
7 2 B r o a d w a y , N ew Y o r k .
LISTS MAILED ON APPLICATION
Farson,
Leach
& Co.,
NEW Y O R K ,
*2 W a ll St
C H IC A G O ,
X I 3 D e a r b o r n li t *
AFTER MAY 1ST
O U R N E W Y O R K O F F IC E
M e m o m i l X o t ic e .
I NASSAU ST. (Cor. Wall).
N. W . H A R R I S & CO.,
EDWD. C. JONES CO.f
MAY
will occupy their new osiiees, First F loor
Bank
of Commerce
B u ild in g ,
31 NAMBAtf STREET.
M U N IC IP A L
421 C H E S T N U T S T R E E T ,
PHILADELPHIA,
I, 189 7,
BONDS.
E. C. STANWOOD & Co.
80 BROADWAY
WWW YOHK,
Blodget, Merritt & Co.,
BAN KERS,
16 Congress Street, Boston.
STATE CITY & RAILROAD ROND*
BAN K ERS,
Edward I. Rosenfeld,
121 Devonshire S treet,
B O STO N .
iU J M C I P ,U S E C C IU T IE S ,
H ig h -G r a d e W a r ra n t* a H pecialty.
Write for List.
L IS T S SUNT
V
BON A P P L IC A T IO N .
C ity o f Boston* M a ss., K e g ..... ................3H *
C ity o l C lev ela n d , O h io, C oup . o r R e g . ..4 s
C ity o f B iu g h a m p ton ,N .Y .,C ou p . o r R e g . I s
C ity o f N ew B e d ford , M ass,, R e g . ............4 s
M id d le s e x C ou n ty, M a ss., C ou p ...............4 s
A f u l l d e sc rip tio n o f e ith e r o f t h e s e Issues, w it h
p rices, w ill b e m a ile d o n a p p lic a tio n .
E. H. ROLLINS & SONS,
19 M IL K
No. (1C Broadway, New York.
STREET,
BOSTON .
M ASS
W . N. Coler & Co.,
BANKERS.
M U N IC IP A L B O N D S.
34 NASSAU STREET.
M
&
ills
B lanchard,
BANKERS.
W IL L REM OVE
TO
BANKERS,
fVoL. L XIV .
M U N IC IP A L
BONDS
B O U G H T A N D SO LD .
D e v o n s h ir e B u ild in g ,
16 S ta te S tr e e t, B o s t o n , M a ss,
C h ica g o D r a in a g e ...................... . .— 4J^»
Dee M oin es, I n . (S c h o o l).......
...... ..,...4 & o
M unkegou, M ic h .................
.5 s
S ou th O m aha, N e b r a s k a .................... ......7 s
A sh la n d , W in . (G o ld ).................
5*
W e st C h ica g o St, H R , (T u n n e l).. . . . . . . . . . . 5 »
F ir s t M o rtg a g e .
F O R BALE B Y
MASON, LEWIS & CO.,
31 S l o t . S t..
BOSTON.
BAN KERS,
171 L a S a l l e S t.,
C H IC A G O .
FOB
CHROM CLE
SAKE.
VOLU M ES.
WJi.UAJl B. DANA COMPANY, 7#5* Pine Si.,N.Y,
THE CHRONICLE.
A p r il 24, 1897.J
817
Stanton, Va.—Bonds Authorized.—The City Council of
White Sulphur Springs, Mont. —Bonds Authorized.—The
Stanton has authorized an issue of $75,000 of 4% per cent people of White Sulphur Springs have voted in favor of the
bonds to refund certain 6 per cent bonds which will mature issuance of bonds for the construction of water-works to cost
about $30,000.
in a short time.
Wood County, Ohio.—Bond Sale.—The $7,000 of bonds of
Tiiomaston, Ga.—Bond Election.—A proposition to issue
bonds to the amount of $30,000 for municipal improvements this county were awarded to Seasongood & Mayer of Cincin
will be put to a vote of the citizens of Thomaston on May nati, Ohio, at a premium of 235-00. The securities are dated
April 1, 1897, interest at the rate of 5 per cent is payable
20, 1897,
semi-annually on the first days of April and October, and the
Timmonsville, S. C.—Bond Election.—An election will be principal matures at the rate of $500 every six months be
held in this city to vote on a proposition to issue bonds to pay ginning with April 1, 1898. The loan was issued for the pur
the cost of erecting new school buildings.
pose of raising funds for the purchase of additional grounds
Utica, N. Y.—Bond Sale.—On April 19, 1897, the city of for the court-house and jail.
Yeadou, L a.—Bond Sale.—The $10,500 of -1% per cent 10-30’
Utica awarded t ) Isaac W. Sherrill, of Poughkeepsie, N. Y.,
$27,395 49 of 4 per cent paving bonds at 100 67. The other year bonds of this municipality were awarded to Heyl &
Major at 101-059. A bid of 102- 625 was received from I. H.
bids received were:
Kershaw which was not in accordance with the conditions
Bertron & Storrs, New Y o r k ................... . . . ....................................... 100-66
Street, Wykes & Go., New Y ork . . .............................................. ........100-65
of the sale. Other bids received were: Cyrus Pierce, par and
The securities are dated as follows: $11,467 97 February 26, $1 50 premium; Dick Bros. & Co., $11,232, and I. P. Simpson,
1897; $15,455 07, March 26, 1897, and $472 45 April 9, 1897. 103 35; the last two proposals baiag on the basis of the bonds
Interest is payable annually at the office of the City Treas being free of tax.
urer and the principal will mature in six equal annual instal
York, Pa.—Bonds Authorized.—This city has been author
mtnts.
ized to issue $125,000 of 4% per cent school bonds.
The indebtedness of Utica, not including this issue, con
sists of $96,390 35 of local assessment bonds, $176,833 33 of
public improvement bonds and $200,000 of railroad-aid bonds,
Lorain, Ohio.—The following financial statement of Lorain
against which $200,000 of railroad stock are held, which pays
5 per cent dividends. The assessed valuation for 1896 was: has been corrected to March 1, 1897, by means of an official
real estate, $16,437,263; personal property, $2,613,826; total, report to the C h r o n i c l e from G. A. ltesek, City Clerk.
$19,051,088. The population is estimated at about 55,631.
Lorain is situated in Lorain County.
L O A N S—
W hen D u e.
Se w e r B o n d s—
Vicksburg, Mich.—Bond Sale.—It is reported by the New
I m p r o v e m e n t B on d s—
.............$ 7 ,0 .Part
York News Bureau that the Michigan Trust Company of 6 8 ,.......... ¥ 8,000.............. 1897-1898 6 sW ate r w5o r k0 0B ondsdue yearly
s
Grand Rapids, Mich , has been awarded $15,000 of water
($4,000 due yearly.)
68, ...........$ 1 5 ,0 0 0 ... Aug. 2, 1919
6 s , .......... $6 8,00 0.Part duo yearly 5 s , .......... 9 0 ,0 0 0 ...Nov. 1 ,1 9 1 4
works and electric-light bonds of Vickburg, Mich. The bonds
2 5 ,0
g. 24, 1915
tear interest at 5 per cent and mature in from 3 to 20 years 5s........... . 100,000........... 1914-1933 5s............ 1Mar. 0 0 ...A u .. $502,500
($5,000 due yearly.)
Total debt
1 ,1 8 9 7
from date of issue.
J a il B o n d s W ater debt (Included)... 230,000
..A u g .
Spec, assess, bds. (incl.). 133,000
Waterloo, N. Y.—Bonds Proposed.—This village will issue 68.............$1,500 0..... Aug.15, 1897 T ax valuation 1890.........2,500,892
6s............. 2 ,0 0
15, 1898
refunding bonds to the amount of $10,000.
R e f u n d in g B o n d sAssessment about 1« actual value.
Wheeling. W. Ya.—Bonds Proposed.—This city proposes to 68, .......... $6,000.............1898-1903 T ax rate (pel- $1,000)........... $32-50
($1.000 due yearly.)
w
issue 4 or \]4 per cent bonds for the purpose of refunding 6s.............$30,000............ 1903-1912 Population in 1890 w as....... 1,863
Population in 1895 as........10,480
$640,000 of its 6 per oent bonds now outstanding.
($3,000 due yearly.)
Population in 1897 (est.)...1 2 ,0 0 0
M ISCELLA NEO US.
IN V E S T M E N T S
M IS C E L LA N E O U S .
SOU TH ERN
IN V E S T M E N T S .
SAFE INVESTMENTS.
M A N H A T T A N IS L A N D
SEND FOR LIST
Exchange Banking & Trust Co.
R E A L E ST A T E
City and County Bonds. C A P IT A L ,CHARLESTON, -S. $C.0 0 ,0 0 0 0 0
P A ID UP, - 1
INVESTMENT.
CASS
D IE T Z , DENISON & PRIOR,
33 CONGRESS ST R EE T , - BOSTON.
1 0 9 Superior Street, Cleveland O.
R E A L T Y
Offers its services to investors for the pur*
chasing of sound, dividend-paying Municipal,
Industrial and other good Bonds and Stocks,
Also Farming and Timber Lands, Mill
Sites, Water Powers, etc., etc., in the
W . J. H ayes & Sons,
C O R P O R A T IO N .
BANKERS,
2 0 9 , 2 1 1 and 21 3
DEALERS IN MUNICIPAL BONDS,
East T w e n ty -T h ir d S tr e e t.
S tre e t
Speaking of Manhattan Island Real
Estate Investment, the “ N. Y. Evening
Post” , April 3, 1897, said:
“ * * it is sure in time to become
immensely profitable; for the in
crease in the fee value of the prop
erty will be attended by a greater
demand * * and a relative increase
in rents.”
R a ilw a y
Southern States. Correspondence invited.
GEO. B. E D W A R D S,
B o n d s , a n d o t h e r h i g h -g r a d e In
v e stm en ts.
7 Exchange
K.
C l e v e l a n d , Ohio,
3 1 1 -3 1 3 Superior St
B O S T O N , M A S S .,
P la c e .
LOANS
IN
TEXAS.
Interest 7 Per Cent Net,
Write or Call for Particulars.
NO
C O M M IS S IO N S
ch arged borrow er
u n t il lo a n s h a v e p r o v e n g o o d
or
le u d e *
F R A N C IS S M I T H A. C O .,
W H A N N & SCHLESING ER
MAN ANTONIO. T E X A S .
Long Distance T e le p h o n e ,
" l e s s B r o a d .’ ’
M U N IC IP A L
W A L L STREET,
n. y
.
Haight & Freese
Bankers & Commission Stock Brokers,
BONDS.
2
Cable Addroes
" R u d e r a t io x ,
5 3 B R O A D W A Y , NEW Y O R K .
■N S T A T E S T R E E T , B OSTON .
5
102 W A L N U T S T .. P H I L A D E L P H I A .
NEW
YORK.
ST O C K S. B O Y D S AMD G R A IN
B o u g h t a n d S o ld a t 1 -1 0 C o m m is s io n .
J ^ l\ L ^^ C
\ .c S K e > a
OF
N E W
VORK
STOCK
B X C IIA N G
Investment Securities.
C
h a
*.
d
. M
a r v in
,
G E N E R A L
B A N K IN G
E X C H A N G E
B U S IN E S S .
AN D
w
. M . K
id d k r
B A N K
R E FER E N C ES
F U R N IS H E D
U P TO W N O F F IC E . 113*2 B R O A D W A Y
A llo w In te re st
n d e p o s its s u b je c t t o s ig h t e h e c L
B n jr a n d s e ll o n c o m m i s s i o n s t o c k a ^ n u d b o u d s . o i t h e r
f o r c a s h o r o n m a r g i n , a n d d e a l in
H . J. M OH SL
A
STOCK
N A T IO N A L
Katnbllahrd 1SH3.
.
The
1807.
U n ited States L ife
Insurance C o .
IN T H E C I T Y OF N E W Y O R K .
A ll p o licie s n ow issu ed by th is C om pany
con tain the fo llo w in g cla u s e s :
'• A fte r on e y e a r from th e d ate oi issu e,
the lia b ilit y o f the C om pany uuder this
p olicy sh a ll not ho d isp u ted .”
••This p olicy con ta in s no r e str ic tio n
w h a te v e r upon the in su red, iu respect
e ith e r o f tr a v e l, resilien ce o r o c cu p a tio n .”
A ll D ea th C laim s paid W IT H O U T D I S
COU N T as soon as s a tis fa cto r y p roofs h a v e
been r e ce iv e d .
A c t i v e a n d S u c c e s s fu l A g e n t s , w i s h i n g to
r e p r es e n t th is C o m p a n y , m a y c o m m u n i
c a te w ith th e P r e s id e n t, a t th e H o m e
O ffic e , i£ C l B r o a d w a y , N e w Y o r k .
o f f ic e r s :
G E O R G E II. B U R F O R D . ..............P resid en t
C . I*. F R A L E I G H .................................
A . W H E E L W R I G H T ......................
W I L L I A M T . S T A N D E N ............
A R T H U R C . P E R R Y .....................
J O H N I». M U N N .....................................
............................. S e c r e t a r y
.A s s i s t a n t S e c r e t a r y
...................Actuary
............................... C a s h i e r
—
M e d ic a l D ir e c to r
FINANCE COMMITTEE.*
T R A N SA C T
A c c o u n t * o f B a n k s . B a n k e r s a n d I n d iv id u a ls
r e c e iv e d o n f u v o r a b le t e r m s .
18 WALL STREET, NEW YORK.
M EM BER S
Special attention given to out-of-towu
accounts,
INVESTMENT BONDS.
BANKERS,
P . N . P IC K E N S ,
President.
Cashier.
E MUCKENFUS Secretary and Trees ,rer
1850.
Cable Addr.ee. “ K E N N E T H ”
M ORTGAGE
T ra n sa cts a G en era l B an k in g and Trust
B u sin ess. Interest a llo w e d on D ep osits.
W r i t e o r c u ll f o r o u r “ 4 0 < J p P A G E M A N U A L . ” II
l u s t r a t e d w i t h r a ilr o a d n ia h k , g i v i n g c o m p l e t e I n
f o r m a t i o n o f a ll R A I L R O A D
and
IN D U H T R IA I
p r o p e r t i e s , I n c lu d in g h i g h e s t a n d lo w e s t p r ic e s f o r a
s e r i e s o f I t) t o 3 0 y e a r s o f S t o c k s , B o n d s , G r a i n a n d
C o t t o n , a n d a ls o t h e m e t h o d s o f b u y in g a n d s e llin g
o n m a rg in .
G E O . G . W I L L I A M S . ...............P r e s . C h e m . N a t . B u n k
J O H N J . T U C K E R ..........
.............................................B u l k i e r
E. H . P E R K I N S , J ll., P res. Im p. & T ra d e rs ’ Nut. Ilk
J A M E S R. P L U M ................................................... L e a th e r
W M . FRANKLIN HALL,
Accountant
wfu^lt«"td g.ln
BOSTON, MASS.
Books audited. Examinations and investigations
conducted with the utmost care and efficiency.
THE CHIIONLCLE
818
|VOE. LiXIV •
JJaulicvs and Hvoltcvs (Out o f H e w llo v k .
C IN C IN N A T I.
P H IL A D E L P H IA .
PITTSBURG,
N. Holmes & Sons,
STAH L
BANKER*.
& STRAU B,
S easongood & M ayer,
S W . C o r n e r T h ir d a ml W a ln u t S t r e e t .,
C IN C IN N A T I, O H IO .
P iT r » B tJ E 6 ,
PBM N .
oobumbhok t> r * b
i
Saak itf Sow V ort, K. 0. A.
viral s .ii .im Haul m| I'lillodoliilila.
i
INVESTMENT BANKERS,
US SOUTH F I F T H
11R E X E l.
1
f I t 'T S H | It i; , I* A .
1
IK ai.ISiH J 7L
TA
ll S
STREET,
UANKKUS AND BRORSU8
T . Mellon & Sons’ Bank,
P IT T S B U R G H , P A .
P H IL A D E L P H IA .
E.
W .
C la r k
&
C o .,
CHICAGO________
C incinnati Bonds .
in
BANKERS AND BROKERS,
S ew N o. 3 7 E ast T h ir d S t., C in cin n a ti,O h io
Mo. 139 Soulli F o u rth St.,
F i l l I ,A D I , PH I A .
E
M IS C E L L A N E O U S .
Transact a general banking business.
Allows
interest on deposits.
y t-mbors o f the Philadelphia and New York Stock
Exchanges, and connected by private wire with
New York.
S.
D.
L o r in g ,
S3 S T A T E S T R E E T , B O S T O N .
DEALER IN
BANKERS AND BROKERS.
High- Grade Investment- S ecu rities.
S tr e e t R a il w a y B o n d s
B O U R S E B U IL D IN G ,
A. O. Slaughter & Co.,
B A N K E R S AND B R O K E R S ,
1 1 5 -1 1 7 UA 8 A 1 .E E S T R E E T .
PHILADELPHIA.
J ames BicHAitBsos
Members Pblla. and New York Stock Exchanges
W. G. h o pper .
n . s. H opper
Members of Philadelphia Stock Exchange.
C H IC A G O , J U I.S .
M ber* Sow York Stock E
em
xchange, C icago W m . G . H o p p e r & C o . ,
h
B
lock E
xchangean C icagoB
d h
oard of T
rade.
STO AN B N B O ER
CK D O D R K S,
28 South Third Street, Philadelphia.
Jamieson & Co.,
ST O C K S —B O M B S,
Member* Ncrr York and Chicago Stock Exchange*.
DEARBORN
Deal
E d w a r d B . S m it h & C o . ,
IN V K M IM IK N T *
IS 7
Irw in-, E llis & B a ll m a n n ,
BANKERS AND BROKERS.
l i i n K I L BANKING, COIA.KOTIONB.
_____
Uigh'Gmde City. Guuoty Town nud School Banda,
#*8©d m loading oruwpertms States of the Union,
especially adapted for mf& and iMmuuueat invest»« a for Estates and Trust Pamirs,
llU ll.D I K I I ).
Whitney & Stephenson,
N o . 57 FOURTH AVENUE.
QMact IHtt.bare Members N. V. Stock K icbaago
M U N IC IP A L BO NDS.
STREET
Chicago. 111*.
P
.-ivm w to N York and P
e ire
ew
hiladelphia.
Loeb & Gatzert,
MORTGAGE BANKERS,
126
w il lia m W S N&Sons. Established 1S02.
IL O
W ilson . Colston & Oo.,
“
ll>87.
W ils o n ,
C o ls t o n & C o . ,
Members of Sa 1 im g’ StocbL Exchange,
L
21(1 E ast B a lt im o r e S treet* B a lt im o r e .
Investment and Miscellaneous Securities a spec
ialty, and whole issues handled.
Exceptional facilities for dealings in all classes of
Southern Bonds. Loans on Collateral Securities
negotiated.
LA SiiLLE STREET, CHICAGO,
*F M
irst ortgages forsaleInlargean sm am nts,
d all ou
setting In
vestors 5, & an « per cent, secu b
H d
red y
Im
proved an incom
d
e-bearingC icagocity prop
h
erty.
Principal and Interest Payable in Gold,
J -P , A N D R E ’ M O T T U & C O .,
C0HH
K8P0NDBNCK SO
LICITED
.
H ow ard
D k Clar k
is
R ic h a r d s o n & C l a r k ,
RAM M ERS,
25 Exchange Street, Providence. R. I.
Commercial Paper, Bonds, Stocks and
lo c a l Securities.
Special attention given to PHILADELPHIA
STOCKS and INVESTMENT SECURITIES.
P. O. Box 13-18.
Local telephone 160.
SOUTHERN,
a S p e c ia lty .
BANKS.
F IR S T
N A T IO N A L
BANK
OF M IL W A U K E E .
-
C A P IT A L ,
SURPLUS,
-
~-
-
# 1 ,0 0 0 ,0 0 0
# ‘1 6 0 ,0 0 0
Transact a <ionorn! Oitnking and Foreign Exchange
Business. Collections receive Special Attention.
OFFICERS
F. 6 . B ioslow , Prosit.
P. .T Kip p , Cashier.
.
W m. Biselow , V.-Pres’t. T. E. Cam p , Ass’t Cashier.
F. E. KBOZOXK, 2d Ass’t Cashier.
San Francisco.
Bank
A . G. Becker & C o.,
In vestm en t B rok ers,
T h e F irst N a t i o n a l
O F SAM F R A M C ISC O , C A E .
(i»cobk> *b!
kat
N O R FO LK , V A .
UNITED STATES DEPOSITARY,
t ia e lta l, 8 1 ,3 0 0 ,0 0 0 1S u r p lu s, 8 0 5 0 ,0 0 0
C O M M E R C IA L PAPER154 La Salle S t , Chicago, III.
SO U TH ER N
John
IN V E S T M E N T S .
Dickey,
W .
ST- LOUIS.
BROKER,
Donaldson Bond & Stock Go.
A U G U S T A , G E O R G IA .
(E s t a b l i s h e d 18(18.)
S O U T H ERM
S E C U R IT IE S .
BOND AND STOCK BROKERS,
3 d an d O live S treets,
ST.
L O U IS ,
MO.
D aven port
B A N K E R S
General Banking Buxine.., A coo anti Solicited.
AN D
&
C anal B ank,
N EW ORLEANS, LA.
(Successor of N. 0. Canal &Banking Co.)
C A P I T A I., § 1 ,0 0 0 ,0 0 0 .
J. c. MORRIS, president- EDWARD TOBY, VicePres. EDG AR NOTT, Cashier.
Correspondents—National City Bank, National
Bank o f Commerce. New York; Boatmen’s Bank
St LofriS; N* W. National Bank, Chicago; Mer
er,ants’ National Bank,Boston.
C o .,
E n g in e cvs.
B R O K E R S ,
R IC H M O N D , V IR G IN IA .
J. E. Crawford & Son.,
Bond and Stock Brokers.
Street HallwaySeenrltios a Specialty.
306 F IN E S T R E E T .
NT. L O U I S , mo.
K f)W A i« ,8 W tllT A K E H ,
C ttA u r.th h o b o m a s ,
Whitaker & Hodgman,
B O N D AND S T O C K B R O K E R S ,
3 0 0 Noj T J i F o u r t h S t r e e t ,
S T , L O U IS .
K8TABLISHKB 1800.
Corraepondonco solicited and Information fur
nished about Southern Statu, Municipal aud Hall
road investment Securities.
Reference—Iiunk of New York N. B. A.
C . W . B ran ch &
C o .,
BANKERS AND BROKERS
State H n k B uildino
a
R I C H M O N D , V A ,
Private wires connecting with Washington, Haiti*
more, Philaiiolphla, Now York, Boston uud Chicago.
Now York CorreaponBinifl: Messrs, l.adonburg
I’tmlmann it Co. tun) I,elm)tin Bros.
J.
F .
C O N S U L T I N G
Picard,
E N G I N E E R
C O L U M B U S , O H IO .
Examinations and Reports Made for
Bankers and Investors of Railroad, Coal
Mining, Oil and Electric Properties*
HBFKRENCKS SBNT.
Jos.
O .
O sgood ,
H. AM. BOO. 0. B.,
A u s t in
R.
M yres,
S A V A N N A H .O a /
BOND AND STOCK Hitt)KBit.
Real Estate Doan*.
1110 B R O A D W A Y , N E W Y O R K .
REPOETS ON INVESTM ENT
PE0FEBTIE8.
Railroad Location and Construction,
@FedFRASER