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HUNT’S
i
MERCHANTS’
n
a
n
c
i
a
l
;
MAGAZINE,
R E P t lE S E X T I X G T H E IN D U S TRIAL A X I ) COM M E RC IA L IN T E R E S T S OF T H E U N I T E D S T A T E S .
fBatared according to Act of Congress, In the year 1896, by the Willia m B. D a s a C o j k a k y , In the office of the Librarian of Congress.]
VOL. 62.
S A T U R D A Y , A P R IL 25, 1896.
W m k fad in g A p ril 18.
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a . I s , each.
W I L U A H It. O A K i ( o n e I S V , P u b l i s h e r s ,
P in * S tre e t, C o r n e r o f P e a r l S tr e e t,
P 1ST OrriCB BOX 958.
N E W 1’ O R K
'S t a t e m e n t N a t i o n a l H a n k s u n d e r c a l l F e b . 2 8 o n p n « e 7 7 2 .
C IS A RING HOUSE R E T U R N *.
l-noi
New York.....*...
Philadelphia.....
Pittsburg........
Baltimore.........
Buffalo.. ... . . . . . . .
W ashington......
Rochester......... .
Syracuse.. ........
Scranton,.__ ....
Wilmington.......
Binghamton.....
Total Middle...
B oston ,...........
Providence.......
H artford.... . . . . .
New Haven.......
Springfield. . . . . . .
W orcester.........
Portland.........
Pall RiYer........
Lowell. . . . . .......
New Bedford.....
Total New Kn*...
$.668,061
‘4S
SS3S
2,076,884
1,001,827
Hew Y o r k ., .,,......— ......
Philadelphia......... ............ .
eaiffluto ........... ....... ..........
S ’. Lout. ......................... .
Ori**n«.........................
Sevan eitfee, S ■Jay.........
0 :h erciu e«. S<iay».............
MW.
M 7l.081.iM
»s.si8.8a«
59,077,739
10.44 S.7M
74.077,835
ii),ZM,8*D
7.143.871
*708.279,034
131,820,493
1885.
*478,053,489
78.378.S8l
54,468,875
10,785.119
70,781,192
30,800,225
7,218.047
*716.288.807
120,014,2,58
-0*4
-U l
-4 4
-3*2
-$•4
-to
-1 -8
-.-9 8
*835,105.517
170,040.237
11.758,868
4.424.933
2.353.110
L612,803
1.161.822
10.-50.088
1.105,653
268,700
673,tS1.0S8 ‘
90.13d.379
79.709.241
M 6, Mi
MU7.WM
D e t r o i t ..........
Cleveland*.
Milwaukee......
Columbus . . . . . . . . . .
l ad lanapoU*.......
Peoria....... ...
Grand Rapids,,
(xexiwrtan* *—
Ka! a tuaioo.......
Akron......
127,M3
2i?.rt01
>13*1
1.184.4' .
1,230.135
1.090.237
zm,<m
544 9T»
320.940
67.147,620
+12*8
~l*0
m 037.034
OWomeOa.........
84n.4O0.303
SflSSB
1*861,WO
1,222,113
I.
J,
t - «
M9.-M
SUSS
076.01*
440,300
m&m
10MK»6t2 ' 93.1*38,085
lvS7A85i
« u ,m
iiv.iiao.039
1U .S 80.63S
U,C87,900
I 'M
a s
0.372,285
8,700,800
1.760,014
1,603.100
1,044,740
410,983
m,0oi
210.831
n»r cay..
Rockford.... ........
Springfield. Ohio...
Canton...... .
T oledo*-....
Dayton*.....
T o t Mid. Weai’n
119,142,46*
13.468,062
1,263.7*. 5
98M4V
907.044
461,783
178,743
103.929
11,343,436
131.045
01.431
n r
18.840,4,83
4,270,034.
%mmi\
WichRa............
- 2*7
m
. d
15 S. 121.607
12.010.604
1,442.013
2.027,005
971,057
807,797
907,815
L1O5.H0
812,300
102.928
18.801,721
2t.281.08S
«,0)5,5(01
10.599,331
8.303 048
5.310,299
&HS
2,084.060
2,817.801
1.855.660
90-.2S5
8S38
617,816
457.978
83.105
___82.000
28.980.584
56,my
04.3001
30.204.S58 ‘
24,080.4661
10,006.248
6.442,164!
2.201,171
tK w
2,2-hO.OoO
I .8 W 9 9
1.081 617
1,000.460
040,209!
011,723
D a ll a s .................
Nashville...............
Norfolk.,.. .........
Waco...... .. .......
Fort W orth........
Atsffuste* ...... ...
Mirmineham.......
Little R o ck ,,.......
Jacksonville ... ..
Chattanooga.......
Kfiorrtlle* ... .....
Total Southern..
110.410.063
•fSS
A 156,2-1!
1.330.30*
540.708
*40.0 so
493091:
484.248
Topeka. .........
Fremont............
Hastings... ......
Tot. other West.
205,000
48
+ 10 1
l«
488.8*0
3 * .W
00,679,971
i-2 7 :
1,050.78 L
1.100.060
ts
sm
L 5 22.203
1.207,180
1.109.133
457,348
516,003
463.874
74.832
80,000
39.822,051
28,304,061
10,920,834
7,8*7.381
2,312.497
1,928.835
1,006,030
2,303,868
2.239.252
i JmS
905,887
457,175
817.977
400.9921
650,000j
07M9*
298,009
234*
Total all,.. ...... 1,0X5.185 279
Outside N. York, 45S.259,i 07
1.757 272
2.040,797
1,898.007
+n>
24*2,093
157,481
101,334
-7*1
•TM.5/d'
3S& S
St. P aul.......... .
D en v er..........
St. Joseph,.,...,
Dos M oines......
Sioux City.......
Lincoln............
2T3
4*24
-6-0
0,897,631
Kauaae City....,
Minneapolis.*. -
O m aha,...........
t
630.297
603.404
*635.292,745
187.210.73S
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 abov*- the last tw enty-fonr hours o f the week
have to be in all cases estim ated. as wo g o to press Friday n ight.
Our usual detailed figures for the previous Week, covering
the return* for the period ending w ith Saturday noon, April
IS, are given below, and w e also present the results for the
corresponding week in 1895, 1834 and 1- *3. In comparison
w ith the preceding week there is a gain in the aggregate
exchanges o f about fifty-fou r and a-<jnarter million dollar-,
anti at New Y ork alone*the increase w th irty-tw o and a-half
millions. Contrasted with the week o f 1895 the total for the
w hole conn tryshow s an increase o f 2*1 per cent. Compared
w ith the week o f 1891 the current returns record a gain o f
1 4 * lj» r cen t and the loss from 1809 is 1 8 - 8 per cant. Outside
o f N ew Y ork the gain over 1895 is 5*5 per cent. The excess
over 1894 reaches 13*4 per cent, but m aking comparison with
1398 the loss is seen to bo 12-4 per cent.
3.C83
LWI&.1S2
1,418.8
17.227. i - 1
18,735.871
IE
St. Louis.......... .
- 0 1 New Orleans.......
•-H-7 Louisville...........
Galveston..,, ......
ft,003.49a. 4$0
+0'2 Hons? on...............
rota! all m um for week.. f 1.005,151,754
s.ivannab.... ......
Richmond..,.
The full details o f clearings for the w e e k covered by the M
em phis...........
above statement w ill be given next Saturday. W e cannot, Atlanta........
Tstai»UcHl®*, 5 d a y .....
AU eiuev. 1 d a y ...,— ...........
7B,350.<Jn
Ctneumatt.......
Fargo.,... ...
Sioux Falla-.
Total Paeifle....,
Per Cent.
1898*
7flS.56l.509
77,477,832
aW iSPB
Sari Francisco....
Sait LakeCity....
Portlaud.. .... .....
Los Angeles....... .
Helena..............
Wrtk Ending April %$,
180a
tops,.
500.3S2.392
The follow ing table, m ade up by telegraph, etc., indicate
that the total bank clearings o f all" the clearin g houses o f the
United States for the w eek en din g to-<iav, April 35. have been
. . . . . . . . ...
11,005,151.TW. against $1,015,165/278 last week and 11,003,- T a c o m a ........
..
193,480 the corresponding week o f last year.
Spokane..---- .....
CLlAHINOa.
Biturm by THtgraph.
NO. L609.
•H6-7
*n-2
-13*7
m
339.810
879.7H'
870,818
489.434
439.654
' ffig&jw ~
-3 $
994,837,858
S2T
431,305 481
S-5'5 104,00W»o| 623.830.049
5O ,m fi0i
83.437,467
904.233.591 1.249 391.559
|
9,wz.im
Montreal,.,...
0,297,529
1,14.1,3411
1,051.9(3
T oron to.......
H a lifa x ..........
Winnipeg...
w *r
0tm
«W
EamiJton.,...
Hamilton...
Total Canada,
.1
Not included
jp
v.t #a
10,761,143
8 ,8 1 3 .5 3 1
5 .4 0 8 ,5 8 9
21,''85
687,774
807,774
i8.6S8.f.7«
5 .2-H ,7 ft 1;
+00 7
40*2!
3.007.317;
085.837;
695.892!
WttiIO*ol
10 035,096
8 008,848
1,083,268
18
THE CHRONICLE.
756
[VOL. LX11.
well advanced, cotton-planting having made good
progress everywhere, with the earlier sections—
The better industrial outlook, the earliest evidence all of which have been favored with abundant
of which was observable soon after the opening of the rains — looking remarkably well, and even
current month, and which became much more appar winter wheat so far as it was not winterent a week ago, has made further and material progress killed doing better than anticipated. Moreover, it
this week. We do not mean that all financial and has been reported that Congress is likely to
trade conditions have assumed a healthy and prosper adjourn about the middle of May. As no helpful
ous state. That cannot be the work of a few days. It is legislation can be expected from that brdy, it certainly
true though that the feeling is decidedly more hopeful, will be an announcement cordially welcomed among
and that there are numerous signs of a tendency business classts when a day for adjournment is fixed ;
in affairs towards a permanent improvement. Among the mere report, accompanied as it has been with
these the political developments hold a foremost apparent indications of its correctness, has afforded
place. A while ago it seemed as if the whole country relief. Scill another favorable feature has been an
was given over to the silver craze. The last week of upward tendency of prices. This has been a condition
March marked the turning point. It was at that observable not by any means in the stock market
time that the Manufacturers’ Club of Philadelphia alone but in the markets for commodities as well, the
repudiated with so much spirit and unanimity the at latter it should be said being due in a few cases to the
tempt of a little gathering at Washington to misrepre formation of trusts and consequent restricted produc
sent its financial status. A few days previous the tion. But even trusts fail in advancing a market if
Republican conventions in New York and Minnesota depression and inactivity continue; and besides the
had also been held declaring unequivocally for sound tendency now is not confined to such cases.
money. New York made so explicit and aggressive A gratifying feature of the situation is the progress
an announcement of its views as to have led to an ap being made in reorganizing our embarrassed railroads.
parent rivalry at subsequent conventions, especially in Taking only the more recent cases, we find the Erie
the Eastern States, to be even more outspoken in the and the Atchison Topeka & Santa Fe already on their
principles expressed, each succeeding one using greater feet and in the possession of the reorganized com
clearness in the method of asserting its feeling of op panies, while the Reading, though still in the hands of
position to the current error and of its espousal of a receivers, is making rapid progress in the same direc
gold standard. Of course this work is far from com tion, the scheme for the rehabilitation of the property
plete, but without doubt and for divers reasons a feeling having been an entire success and needing for its com
of renewed confidence in ihe final outcome of the plete execution only the sale of the property. The
Northern Pacific Company likewise will before long be
struggle for sound money prevails.
That much the same view of the situation of the cur restored to solvency; this week the time for the
rency question has been taken by Europe is evidenced deposit of securities under the reorganization plan
in the good buying orders received from abroad this expired, and as was expected when the plan was
week for bonds and in some measure for the better promulgated it has received the unqualified support
class of stocks. On Wednesday and Thursday that of every interest in the property. In fact it is
movement was in considerable degree checked by the stated that 92^ per cent of the securities have
rumor of a hitch or intentional delay in the Venezuela been deposited under the plan. We may remark
negotiations, reported by the New York correspondent here that the policy which is now being pursued in
of the London “ Times.” It would appear, however, preparing reorganization plans tends very greatly to
from the Government’s statement in the House of expedite the work of carrying out the schemes after
Commons on Thursday in reply to Mr. Labouchere’s they are announced. This policy is, as far as possible,
questions, that the presumption is the rumor was not to harmonize the various interests beforehand, so that
justified. Mr. Ourzon, Under Secretary for Foreign when the plans are put out it is with the assurance and
Affairs, is represented to have said “ that negotiations the knowledge that those upon whom their success
with the United States in regard to Venezuela depends are already firmly committed to their support.
were still proceeding, but it was not advisable Reorganizations of several other important compa
at this time to make any statement on the subject.” nies are likewise approaching completion. The Ore
In reply to the inquiry whether the Government ex gon Short Line & Utah Northern scheme has received
pected a favorable result from the negotiations Mr. the assent of all but two or tnree per cent of all the
Curzon further said that a favorable result was unques securities outstanding, and after May 1 no further
tionably the hope of her Majesty’s Government. How deposits under the plan will be received except at
sensitive the feeling in Europe still is over that “ war the discretion of the committee and only upon
scare” is well illustrated by this occurrence. On our the payment of penalties. It will be possible, too,
side of the Atlantic the whole subject has been dis now to carry out speedily the reorganiz ation plan of
missed and well nigh forgotten, under a belief that it the Oregon Railway & Navigation, as an amicable set
is not among the possibilities that any disturbance of tlement has just been reached with the Union Pa
the peace could occur between Great Britain and the cific. Under the Norfolk & Western reorganiza
United States on such an issue. The quicker, tion plan April 30 has been fixed as the last day
though, an arrangement is perfected, the better.
for the deposit of the securities of that road. The
Other than the foregoing all the developments have St. Louis & San Francisco scheme has also been
been of a promising character. Foreign exchange has promulgated and is not likely to encounter any serious
declined below the gold-export point. Trade has con obstacles. Among the smaller companies the reorgan
tinued to increase in many departments, though of ization plan of the Detroit Lansing & Northern has
course the revival is not equally distributed. Crop re been declared effective and we have likewise this week
ports almost everywhere have become more favorable, the plan of the Sc. Joseph & Grand Island, one of the
seeding operations in the spring-wheat districts being minor lines in the Union Pacific system. Plans for
TH E
F IN A N C IA L
SITU ATIO N .
A p r il 35, 1896.J
1HE CHRONICLE.
some other bankrnpt companies are expected shortly.
The lifting of these various embarrassed properties out
of their present surroundings will, we need hardly say,
ensure important benefits in a good many different
ways. It will mean for one thing that the properties
can be properly developed, which could not be done
while they remained in the control of the courts. It
will mean for another thing that better service will
be rendered the public, an insolvent road being ham
pered in various ways in the carrying-out of plans to
that end. Most important of all, it will mean that
enormous masses of discredited securities will be re
moved from the market and replaced by new securities
having a definite and an assured standing. There is
reason to believe, too, that the present reorganizations
will prove enduring, since they have nearly all been
very drastic and have been made at a time of consid
erable depression, and been based on a low state of
traffic and earnings.
Jndge Wheeler, in the Uaited States Circuit Court,
has been hearing arguments this week ia the actioi
brought by the Iater-State Commerce Co umission to
have the Joint Traffic Association declirel an illegal
body. It seems strange that an attsmpt should be
made to interfere with an arrangement so well calculated
to prove beneficial to both the railroads and the public,
and to have it seriously contended that the association
ia a pool or a trust and comes within the prohibition of
the statute. The railroad industry is the largest sin
gle industry in the country, a d the experience
of the last two or three years has demonstrated very
conclnsively that when that industry is prostrated,
all business interests are adversely affected. At the
same time it is also to the interest of the public that
transportation rates shall be maintained on a staole
basis, and that all shippers be treated alike, prefer
ences and advantages being given to none. Tnis, as
we know, is the main object of all such associa
tions ; that is, the purpose is to maintain rates
and to do away with rebates, cuts and other
devices by which concessions are accorded to favored
shippers. Mr. James C. Carter, the general counsel
for the railroad companies, hit the nail on the head
when he said that shipping mast have uniform and
permanent rates, so that manufacturers and merchants,
and in fact producers of all classes, can make definite
calculations as to expenses in their business.
Ms also
advanced a stong point when he said tnat there was
a wide difference between legal combination and a cm spiracy. Ex-United States Minister Rlward J. Pnelps,
speaking ou tne same side, likewise male a i effective
argument in behalf of the roads, saying thit the force
of the Joint Traffic agreement is that rates may be
regulated. It does uot exceed legal rights. It does
not restrain competition. Oa the contrary, it encour
ages competition as to the quality of service ren
dered by the railroads to the public. For ourselves,
we do not hesitate to declare that we have no fear that
an arrangement so beneficent in its purpose will be
declared illegal.
The Chicago & North Western has this week issued
its statement of gross earnings for the month of March,
and it shows another large gain as compared with last
year—in amount •408,037. In February the gain had
been $491,554 and in January •512,809, making for
the first quarter of the year an addition to the gross
receipts in the Urge snm of •1,412,400. It seems
likely that the current month will also record sat
isfactory improvement. In the Southwest and some
757
other parts of the country the returns are not
as good as could he wished, but in the Northwest the
excellent grain crops of last year and the revival in
business count as exceedingly favorable influences.
Tbe Chicago Milwaukee & St. Paul furnishes weekly
statements, and the return of that road for the first
week of April shows •49,343 gain in earnings, the re
turn for the second week $91,181 gain, and the return
for the third week $96,872 gain, making $237,396 in
crease for the first three weeks of the month.
There now remains to be paid at the New York
Sub-Trea3ury $1,051,050 on account of principal and
$133,580 on account of premium of the 4 per cent
bonds sold by the Government in February last. The
payments for bonds at the Sub-Treasury, the with
drawals of gold, and the net gain or loss for each day
of the week, with the amounts to date, are shown in
the following.
P a ym en ts.
A p ril 1 8 ................. ..
“
2 0 ......................
•• 21 .....................
•*
42
2 1 ........................
“
2 4 .....................
............
4 2 8 ,1 5 9 -3 0
5 .5 9 3 -8 4
1 8 8 .16 5 -31
*4 .9 7 3 -0 5
3 8 4 .9 1 9 -3 3
Total ................... $14,4/0,700-22
* L ost.
*
W ithd ra w als.
K et.
191 .88 7
5 3 0 .7 2 1
7 3 ,7 1 9
2 3 9 ,1 5 0
18 >.433
5 5 0 ,7 1 5
*1 9 4 ,8 8 7 -0 0
*1 02 .56 1 -64
*6 8 ,1 2 5 -1 6
*5 0,9 90 -6 7
*1 35 .45 9 -95
*1 6 5 .7 9 5 -6 7
#20.437.502
#39.033,144-22
Iiites for money not only on call but for fixed
periods have shown a declining tendency. This has
been due to the liberal offerings. The demand for
commercial paper is in excess of the supply. Oa call,
representing bankers’ balances, the range has been
21 and 3 per cent, averaging about 2 } per cent; the
supply has been increased, owing to the light inquiry
for contracts for fixed periods, lenders on that account
having sought to employ their funds in the call loan
branch of the market. Binks aid trust companies
quote 3 per cent as the minimum. There is little
demind for money for thirty days, as many loans on
call stand undisturbed for at leait fifteen days and
this answers the pnrposj of borrowers for short
time. The offerings are liberal for longer periods, not
onlv by foreign but by d>meatic lenders, and rates are
3j per cent for sixty to ninety days, 4 per cent fo* four
to six months and 44 per cent for seven to eight
months on good Stock Exahange collateral.
Some
brokers, who usually represent large lenders, quote
sixty day money at 3 to 3J per cent, ninety days to four
months 3 j@ 4 par cent and six months 4 percent.
They say that the supply is considerably in excess of
the demand. For the best commercial paper there
is a good inquiry, but chiefly from the city;
very little re-disonnting has baen done this week for
Eastern banks, the Boston institutions being fairly
well supplied. Tne offerings of paper are increasing
and new names are almost daily appearing on the mar
ket. Hates are easy compare! with last week at 5 per
cent for sixty to ninety day endorsed bills receivable ;
5@ 5f, with some business at 5J per cent, for four
months’ commission house names ; 5£@6 per cent for
prime aid 6@6J par.cent for good four to six months’
single names.
Amoug the features of the E tropoan markets this
week have baen the sabscrip.ioas for the new Italian
loan of 140 million lire, the largest of which were made
at Home and Milan. Another feature has been a polit
ical crisis in Franca, which resulted in the resignation
of the Ministry on Thursday. There was soma uneasi
ness on Wednesday, caused bv an American cable to
the London “ Times,” referred to above. The Bink of
England minimum rateof discount remains unchanged
at 2 par cent. The cable reports discounts of sixty to
THE CHRONICLE.
758
niaety day bank bills ia London 11-16 of 1 pjr cent,
an advance from 9-16@f of 1 par cent on Wednesday.
The open market rate at Paris is 2 per cent and at
Berlin and Frankfort it is 2£ per cent. According to
our special cable from London the Bank of England
gained £424,826 bullion during the week and held at
the close of the week £47,868,666. Our correspon
dent further advises us that the gain was due to net
receipts from the interior of Great Britain of £394,000
and to imports of £31,000, of which £25,000 were from
Australia and £6,000 from the United States.
The foreign exchange market has been dull and gen
erally easier this week, influenced on Monday by offer
ings of bills against an export of 1200,000 gold by
Heidelbach, Ickelheimer & Co. to Germany, presum
edly for Russian account, on the following day, and later
by the offerings of security bills by Speyer & Co., L.
von Hoffman & Co. and Kuhn, Loeb & Co., and also
by a comparatively light demand. The decline in rates
was not important, but the tone was easy, and after
Wednesday the business was quite small. Bankers re
ported that there was no special inquiry for mercantile
remittance and at the same time a meagre supply of
commercial hills. It was reported that the Illinois
Central Railroad Company had recently placed a block
of 34 per cent bonds in Europe and also that dealings
in the new Northern Pacific securities had begun in
London and in Berlin, and it wa3 expseted that a con
siderable amount of exchange would come upon the
market from purchases of these securities; but there
was no evidence that exchange had yet been drawn to
any great extent. The market opened easy on Monday
and the Canadian Bank of Commerce reduced the sight
rate half a cent. The rates for actual business were
one-quarter of a cent lower for long compared with
Friday of last week, at 4 874@4 87f, but those
for sight sterling were unchanged at 4 884@
4 88f and for cable transfers at 4 88f@4 89. On the
following day Brown Bros. & Co. reduced their rates
half a cent and those for actual business were onequarter of a cent lover for short at 4 884@4 884 and
for cable transfers at 4 884@4 88f. The market was
reported weak in the morning, in consequence of offer
ings of security bills, and it closed easy. On the next
day (Wednesday) the tone was steadier and dull, and
while no change was made in actual rates for long
sterling, those for short were advanced one-quarter
of a cent, to 4 884@4 88J and for cable transfers to
4 88£@4 89. The market was steady on Thursday at
unchanged rates, and there were no indications that
Heidelbach, Ickelheimer & Co. would ship the re
mainder of the $400,000 gold which they withdrew
from the Treasury on Monday. Business was light,
and the only reason assigned for the steadier tone was
the absence of bills. Yesterday no change was made in
either actual or posted rates. It was stated that
MiUler, Schall & Co. would ship $350,000 French
gold to Europe to-day.
,
DAILY POSTED RATES FOR FOREIGN EXCHANGE.
Fr l .
Mo n .. TUBS.,
W e d ., T h o r ..
F r i .,
April 17. A p ril 20. A p ril 21. A p ril 22. April 23. April 24.
Brown Bros........
Baring,
i GOdays.
Mngoun A Co.. ( Sight....
Bank British
J 60 days.
N o. Am erica.. {Sight....
Bank of
5 00 3*17*.
Montreal.........{ Sight....
Canadian Bank 5 00 days.
o f Commerce.. J Sight....
Heidelbach. Ink- j OO day a.
elheiraer A Co. \ Sight....
Lawrrt Freres.. J
Merchants’ Bk. 5 60 days,
of Canada......../ Sight—
8^ *
8946
88*
89*
88*
89*
88*
89*
88*
90
88*
89*
88*
89*
88*
89*
88*
8**
89*
89*
88*
89*
88*
8rf*
88*
89*
88*
89*
89*
89*
88*
89*
8 8 * -8
80*-9
88*
89*
88*
&9*
88*
89*
88*
89*
89*
83*
89*
84*
88*
89*
88
89
88*
89*
88*
89*
88*
89*
88*
89*
88*
89*
84*
89*
as*
__ 8 9 *
89
89
88*
89*
89*
80*
89*
89*
88*
89*
89*
S9*
ssg
88
89
88*
89*
88*
89*
as*
89*
88*
89*
89*
89*
88*
89*
88*
89*
[V ol . LX1I.
The market was steady on Friday at 4 88@4 884 for
sixty-day and 4 89@4 894 for sight. Rates for actual
business were 4 874@4 87| for long, 4 884@4 88f for
short and 4 88J@4 89 for cable transfers. Prime com
mercial bills were 4 87@4 874 and documentary 4 864
@4 86J.
The following statement gives the week's movements
of money to and from the interior by the N- Y. banks.
Received by Shipped by
X . F. R in k s. N . Y . Banks.
W eek E n din g A p ril 24,1896.
$4,796,000
495,000
Gold ....................................... ....................
Total gold and legal tenders.......
N et In terio r
M ovem ent.
$1,182,000 G aln.$3,614 ,0 0 0
223,000 Gain.
272,000
* 5,291,COOl *1,405,000 Gain.$3,886,000
With the Sub-Treasury operations and gold exports
the result is as follows.
W eek E n din g A p ril 24,1896.
Into
Banks.
Banks* interior movement.as above
Sub-Treas. oper.and gold ex p o rts...
15.291.000
15.400.000
Out o f
Banks.
N et Change in
B ank Holdings.
$1,405,000 G aln.$3,886 ,0 0 0
15,300,000 Gain.
100,000
Total gold and legal tenders....... $20,691,000 $16,705,000 G ain.*3,986,000
The following table indicates the amount of bullion
in the principal European banks this week and at the
corresponding date last year.
A p ril 25, 1895.
A p 'H 23,1896.
B a nk o f
Gold.
£
Ragland......... 47.838,666
France............ 78.149,560
Germ any....... 29,701.700
Att8t.-Hnng’y 26,268,000
8,016,000
9patn...............
2.624.000
Netherlands.
2.698.000
Nat. Belgium.
Silver.
£
Total.
G d i.
Silver.
Total.
£
£
£
£
37,492,282
47,868.606 37,492,232
? 27,848,574 82,610.618 49,305,489 131,946,107
44,642.550 37.456,167 16,259.833 53.710.000
39.064.000 18,600.000 13.012.000 32.218.000
8.004.000 12.410.000 20.414.000
18.483.000
4.280.000 7,050,000 11.330.000
9,588,000
5,002,000
3,334,007 1,657,333
4,04 7,000
49,099,014
14,880.950
12.798.000
10.470.000
6.964.000
1.349.000
Tot.this week 195,383,920 96,100,804 291,544,790 191,813,734 100304055 292,118,339
Tot.prev. w’ k 193,889,962 95,634,029 389,523.99 L 189.132,518 99.598,515 284.731,038
GOLD I N S IG H T I N UNITED STA TES.
Some of our European readers, when considering
currency stability in America, are disturbed by a belief
that the amount stated in our bank reports as specie
is largely silver and only in small part gold. The
assumed fact is used to prove how little gold except
the Treasury net holdings the country ha3 to draw
against for any purpose. This assumption as to the
bank figures is not correct and consequently cannot be
cited in proof of a small available stock in the United
States. The truth is, very little of the specie reserves
reported by our banks in any part of the country is in
silver. Even institutions in the States known as silver
States never report much of that metal on hand.
So far as the national banks are concerned, all the
particulars disclosing the character of this item are
given five times a year under the calls of the Comp
troller. We publish the details on each occasion of a
call; the latest (under date of February 28) we pub
lish to-day on page 772. According to this statement
the gold holdings of the national banks were on Feb
ruary 28 $156,894,031, whereas their silver holdings
were only $13,254,059, or less than 8 percent of the
total specie. These are the returns from 3,699 separ
ate banks, having an aggregate capital of $653,994,915
and a surplus of $247,178,189. The most of the re
turns of the State banks are not made with the
same detail, though a number of the more im
portant States require a separation of the specie item.
Without attempting an exact study of that feature
in the reports of the State organizations (it being im
possible as the statistics are now nowhere fully tabu
lated), it is safe to say on the basis of the figures we
have, that their specie holdings at the date named
above (February 28) could not have been far from 40
million dollars; allowing about 8 per cent for silver,
A p r il 25. 1896.]
THE CHRONICLE.
759
the same percentage as the national institutions, whicU I
we believe to be a fair basis, would leave the gold IN C R E A SE D F A C IL IT IE S FO R E L E V A T E D
ROADS.
holdings at say about 36| million dollars. This result [
We are glad to see that the suggestions and proposi
added to the foregoing shows that the total gold in all
the banks, national and State, was not less than j tions for granting additional facilities to the elevated
roads here in New York and Brooklyn are receiving
*194,000,000.
Of course this aggregate reported by the banks in careful consideration both by the local authorities and
cludes no portion of the net gold which is in the the newspapers of the two cities and by our legislators
Treasury, and which was reported on February 28 at ; at Albany. In the case of the Brooklyn roads, the
*123,962,979. These two sources of supply, conse- matter comes in the shape of a proposition to run the
quently, afford a net stock in sight of about *318,000,- elevated trains across the Brooklyn Bridge without
000, all of which represents free gold available for all change of cars. In the case of the New York roads,
purposes.
Still another small item of 20 million the suggestion ha3 not yet taken definite or tangible
dollars is in the United States Treasury, but not in form, but there has recently been a significant change
cluded in the above total. In estimating the Govern of sentiment on the part of the press and the city
ment net holdings, all of the Treasury gold certificates j authorities with reference to the elevated roads and
outstanding, nearly *44,000,000, are deducted from the their relation to the problem of rapid transit, and
gold it held February 28; this method of reaching there is now an expression of willingness to grant
the net holdings is proper because a corresponding them additional facilities and to allow them to build
amount of gold is on deposit in the Treasury against connecting pieces of road and extensions on reasonable
those outstanding certificates.
But there are only terms where before it was hard to secure even a hear
about 23 or 24 million dollars of these certificates ing for propositions of that kind.
found in the banks, national and State.
Hence
The pjoblem how to furnish adequate and proper
about 20 million dollars of gold which is in the Treas- I means of transit in New York City has long been an
ury is not included in either the Treasury or in the urgent one, and it is growjng more pressing with each
bank total. It is safe to say that these uncounted : succeeding year. One would have supposed that the
certificates, which represent uncounted gold in the building of the cable roads on Third Avenue and on
Treasury, are almost wholly held in the vaults of sav- Broadway, with the opening of the Lexington Avenue
ings banks, trust companies and other financial in- ( line, would afford a large measure of relief. These
stitutions, though probably to a small extent also by routes have indeed taken considerable traffic from the
individuals in safe deposit boxes. That item ought Manhattan Elevated. But any one who is obliged to
perhaps to be made a part of the above aggregate of travel uptown during the evening hours knows that
gold in sight in banks and Treasury, it being so situ the difficulty of getting home at the end of the day’s
ated as to be easily brought out into active use under j work is as great as ever. The truth is, population is
the influence of any favorable opportunity for invest- ; steadily growing and all the means of transit are taxed
meat.
to the utmost at these hours, so that even with the
But omitting that, there is one other item which our opening of new routes and the improvement of the old
friends should always have in mind in considering the j ones the congestion is not appreciably lessened.
gold situation in this country, and that is the produc- j We have never been able to understand the motive
tion uninterruptedly in progress, at a rate probably in ' for the unreasoning hostility which has always been
excess of *4,000,000 a month, which, less *850,000 a manifested against the New York elevated roads. Prop
month consumed in the arts, is being added to the j ositions to add to or improve their facilities have been
amount in sight. Every one sees the exports but not treated as if they were inimical to the public interest—
every one remembers the production, and many fail to as if they were intended simply to benefit the com
see any stock of gold outside the Treasury. We make panies without any corresponding advantage to the
no reference to the coin in circulation or in hoards, \public. The idea that there might be a mutual ad
since whatever be the quantity those uses may repres vantage in such an arrangement has been studiously
ent, no part of the amount is available for commercial kept out of sight. We do not regard the elevated
purposes. Besides our views with reference to those , roads as an ideal means of transit— far from it. There
matters are well known.
are many objections to them, not the least of which is
In the light of these facts there seems to be no good i the fact that they disfigure the streets through which
reason why our currency stability should be seriously they rnn. At the same time it must be admitted that
questioned in London of on the Continent. Were we ' they are immensely superior to the ordinary street sur
increasing our silver issues the situation would differ face roads and that they are the best means of transit
in a material respect, but we are not. With that folly |which can be provided at a reasonable cost that has as yet
ended and with an old stock of gold in sight of over I been devised. It is no doubt true that the .Manhattan
$318,000,000 and with a new supply coming forward j Elevated people have pursued in many respects a short
each month of more than *3,000,000 net, and with an , sighted policy. For this they are now paying the con
Administration having the will and the authority to sequences of their folly. But that should not blind us
preserve the convertibility o f the silver dollar, the to the fact that the worst sufferer after all from the
outlook in the particular referred to seems to have in inability of the elevated roads to accommodate the pub
it no element of doubt. But perhaps our friends may lic is the public itself, and that whatever tends to put
ask— what will the next Administration do ? Wo reply the roads in position to improve their facilities and
with the utmost confidence that it will do substantially accommodations, thus making them better able to meet
what the present Administration is doing. Uncer the wants of their patrons, is in the interest of the pub
tainty, if it exists after the nominations are made, will lic good.
be relieved by an announcement of policy on the silver
It is hence particularly gratifying to find Mayor
question before the election occurs. Candidates will Strong holding views regarding the matter which de
find it necessary to do that.
serve hearty commendation. As it appears to us, the
j
j
760
THE CHRONICLE
position taken by him in an interview in the “ New
York Times” on the 1st of April is exactly right. He
said it was manifest that the congested condition of
travel down-town should be relieved without unneces
sary delay, and that added facilities should be given to
the people to reach the important down-town ferries
nd other points where large numbers of persons are
constantly coming and going. With that end in view,
arrangements should be made with the Manhattan
Company. He al30 thought that the company should
be allowed to extend its lines under proper conditions,
both from the present terminus on the west side
and the present terminus on the east side, so
as to furnish facilities for the development of that por
tion of the city lying beyond the Harlem River. As
to the down-town extensions, his idea was that the ele
vated tracks could be extended from the City Hall sta
tion up Centre Street to Canal Street, thence along
Canal Street (intersecting the Sixth Avenue elevated
line at West Broadway) to Desbrosses Street, and across
Desbrosses Street to West Street. A line should also be
built, he thought, “running down West Street as far as
Pier 1, and then a short loop that would not interfere
with Battery Park in any way, but would connect the
road running down West Street with the tracks
of the Ninth Avenue and Sixth Avenue lines
at the stations this side of Battery Park. In
this way a great loop by way of Canal, D jsbrosses^and West streets and the Ninth and Sixth
avenue connections would be made. Additional trains
could be put on, and they could be run up either
Sixth Avenue or Ninth Avenue, and of course the
congested condition of travel would be relieved mater
ially.”
We do not wish to be understood as being committed
in favor of this or any other particular proposition.
What plan is best adapted for attaining the end sought
is a matter that should be determined only after
mature reflection and study, and the city authorities,
In conjunction with the elevated officials, are better
qualified than any one else for reaching a correct con
clusion. The important point is to have the need for
extending and improving the existing facilities of the
roads clearly recognized and steps taken to meet it.
Such action would not, of course, be inimical in any
way to the Rapid Transit road, to the building of which
the city is committed. That project seems to be en
countering new obstacles at each stage of the
movement, and there are many who look upon
it with marked disfavor. But supposing all ob
stacles overcome, and assuming that the road will
eventually be built at an enormous cost, years
must necessarily elapse before it can be completed and
made available. In the meantime, the interests of the
community demand that the • present facilities be
improved to the fullest extent possible. And no better
or more promising way for doing this exists than by
perfecting the means of transit offered by the elevated
roads. Such a policy will be of advantage, too, after
the Rapid Transit road has been built. That road can
not by itself supply all the requirements for transit.
On account of the longitudinal nature of Manhattan
Island and the steady growth of population, it will
always be difficult to provide sufficient facilities to carry
all the passengers seeking conveyance at the busy hours
of the day; the Rapid Transit road may serve to
relieve the pressure on the other routes to some extent,
but the service of these other routes will still be needed
and will probably even then bo overtaxed.
[V o l . LX 1I.
It should be the endeavor consequently to arrive at
some agreement by which the carrying capacity of the
elevated roads can be developed to the utmost limits—
both to meet present needs and to provide for the fu
ture. Nothing should be permitted to stand in the
way of this determination; nor in seeking to reach anunderstanding with the managers of the roads should
a captious or narrow-minded policy be allowed to con
trol. The interests of the city must of course be care
fully guarded, but no unnecessary or vexatious restric
tions should be imposed. Above all, it should be
recognized that as concerns the companies the matter
is simply a business proposition, and that to secure ac
ceptance of any proposal it must allow of the opportunity
of profit to them. In other words, the arrangement
must possess the element of mutuality—offering to the
patrons of the road the assurance of increased service
and to the security holders the possibility of increased
profits. The city authorities need have no fear that
any fair and reasonable proposition within these limits
will fail of approval by the public, which has so much
to gain from such an arrangement.
What is here said with reference to the elevated roads
in this city applies with equal force to the elevated
roads in Brooklyn. As it happens, too, in this latter
case we have a definite proposition from the roads
themselves. It seems hardly worth while to argue in
favor of letting the Brooklyn elevated trains run across
the bridge, if that can be done without imperilling the
safety of the structure—the advantages appear so clear
and obvious. At present passengers are obliged to use
the cable cars to cross the bridge, and then to disem
bark and take a long and circuitous walk to reach the
elevated trains. This means great inconvenience, vex
atious delays and the loss of much time. Nor is it the
Brooklyn people alone who are obliged to suffer these
inconveniences. The people of New York who have
business dealings in Brooklyn, or who patronize the
Long Island Railroad, or who sojourn during the
summer months at the Long Island seaside resorts'
are equally interested in seeing all hindrances tocontinuous transit removed. Under the change
proposed, these people could ride directly into
New York from the Flatbush Avenue Station
of the Long Island Railroad; and as an arrange
ment exists between the Brooklyn Elevated and the
Manhattan Beach road by which during the summer
months trains of the former run over the tracks of the
latter, it would be possible to take a train at the City
Hall, New York, and ride without change of cars to
Manhattan Beach, or vice versa.
The proposition has the additional merit that the
elevated people promise to remit to the patrons of
their roads the extra fare now imposed on the cable
cars across the bridge. At present those who use both
the elevated roads and the bridge railway are obliged
to pay either 7i or 8 cents (according as they buy
one bridge ticket at 3 cents or two for five cents) to
get into New York. But under the plan contemplated
the charge would be only one fare of five cents from
Bay Ridge, from East New York and Ridgewood to
the City Hall in New York. At the same time
the elevated roads offer to pay a rental for the
use of the bridge equal to the net income now
derived from the operation of the bridge railway. The
terms appear liberal. We see it urged in certain
quarters that the companies be required to pay more
than this. It must b3 remembered, however, that, as
in the case of the New York roads, the arrangement
A pril 25. 1896.]
THE
C H R O N IC L E .
must present the possibility of profit to the companies
or they can not afford to enter into it. At the outset,
it seems likely the companies will lose from the ven
ture because of the remission of the bridge fare to
passengers using the elevated roads; they will expect of
course to recoup the loss in later years when traffic has
developed to larger proportions, and in view of the
risks they take, they are entitled to a liberal margin of
profit, especially as the profit will come largely as the
result of their enterprise.
It is to be hoped that legislative permission will be
given for the use of the bridge in the way proposed,
and that a basis of agreement satisfactory to all the
parties may be speedily reached. The present method
in requiring a change at the bridge is clumsy and an
tiquated and we are SHre would not have been tolerated
these many years except for the fear that the bridge
structure was not adapted to any other method. The
new bridge to be built across the East River will pro
vide for both the elevated roads and the trolley
roads. In the interval before the completion of that
bridge the public should not be deprived of any of
the advantages that it may be possible to get out of the
existing bridge.
BALTIMORE dt OHIO BONDS AND
FINA NOBS.
761
officially informed that the deed of 1885 was recorded
in the land records of the'Superior Court at Baltimore,
Feb. 28 18S5.
As we omit the car trusts and equipment bonds from
our article in the S u p p l e m e n t , we may say a few
words about them here. Car trust No. 1 now amounts
to only $250,000 and is due January 1 1897. It
covers no less than 96 engines, 29 passenger coaches, 8
express, baggage and mail cars, and 3,199 freight cars.
The B. & O. Equipment Trust “ A” amounts to $100,000, the Finance Company of Pennsylvania being
trustee, and matures $200,000 April 1 1897 and
$100,000 each April 1 1898 and April 1, 1899. It
covers 81 engines, 25 coaches, 1 combination, 6 postal
and 291 freight cars. The B. & O. Equipment Trust
“ B” amounts to $1,000,000, the Finance Company of
Pennsylvania being trustee, and covers 12 engines and
17 passenger and other cars and 2,877 fieight cars.
There is also another tiust not mentioned in the com
pany’s accounts under which it holds equipment. This
is the Baltimore <fc Ohio Equipment Company, dating
from 1893 to 1895 and covering 101 engines and 128
care.
,
We have received recently an official explanation as
to the meaning of the “ Wheelage Car Trusts,” under
which the B. & O. holds 1,199 coal cars. It is as fo l
lows:
The “ Wheelage Car Trusts” are coal companies which
their own new coal car equipment, for the transporta
The I nvestors’ S upplement, which is issued to place
tion of their own coal on the system of the Baltimore & Ohio
day, coutains a complete statement regarding the Company. These companies are allowed a mileage rate for
loans of the Baltimore & Ohio system and fuller than their equipment, and when that mileage rate, with interest at
6 per cent, equals the original cost of the car, with interest at
any statement hitherto published. In each case the 6 per cent, the equipment becomes the absolute property of
mortgage trustee and the property mortgaged, the the Baltimore & Ohio Company. The Baltimore & Ohio
Company reserves the right at the end of five years to “ take
right to foreclose and the earnings available for over ” this equipment by paying any difference between the
coupons, are briefly but as clearly as possible set monthly mileage payments and the original cost of the cars.
It will be noticed that but small amounts compara
forth—also the fact3 regarding the leases and balance
tively
remain to be paid on account of some of the car
sheets of the subsidiary companies.
and
equipment
trusts mentioned in a preceding para
The reader will understand we give these facts to
graph
to
bring
a
very large amount of equipment into
satisfy the public desire for information and not be
the
direct
ownership
of the Baltimore & Ohio Company,
cause foreclosure suits seem imminent. Up to the
in
addition
to
that
which
it already owns.
present time all coupons, including those due March 1
and April 1, have either been paid or have been pur
chased by banking houses, which have thus shown VALIDITY OF MUNICIPAL BONDS ISSUED
UNDER SPECIAL CONDITIONS.
their confidence in the property. The #100,000 of
equipment bonds due April 1 were extended for one
The United States Supreme Court has recently
year. Pending the result of Mr. Little’s examination, decided a number of cases involving the validity of
therefore, it is impossible to say how much reorgani municipal bonds authorized subject to special condi
zation will be necessary.
The receivers will apply tions but where the conditions were not complied
for permission to purchase a large amount of equip with and the bonds passed into the poseessirn of inno
ment, and it is hoped the additional cars and engines cent holders. The position of the Court on the
when received will cause a considerable expansion of general questions raised had previously been defined
earnings.
in other cases, but the present cases embraced some
Should the reorganization involve the bonded obli special features; and the observations of the Court
gations of the company, a fact may come into promi afford a clear insight into its views and also indicate
nence that is mentioned in our description of the B. & the principles which, according to it, should control in
O. 5s of 1925, the loan having Pittsburg & Connells- such cases.
tille second consols as collateral. The deed securing
The action wnich we have more particularly in mind
the 5s, which is dated 1885, provides that in case the was that of Graves, et al., vs. Saline County, and in
B. & O. shouli at any future time make a mortgage volved the question of the validity of bonds issued by
on its main line and branches, such as it did make in Saline County, Illinois, in aid of two certain railroads.
1887 to secure its consolidated bonds, the 5s of 1925 The general conclusion of the Court, as stated in the
should have precisely the same lien on the main line syllabus to the opinion, is that county bonds, issued in
and branches as the new bonds. This lien, it was aid of a railroad company, which failed to disclose on
stipulated, they should have, notwithstanding any their face the fact that the county had imposed condi
omission, such as actually occurred, to mention their tions on its liability to the railroad company, were
rights in the subsequent deed of trust. We refer to binding on the county in the hands of innocent pur
this provision because it is not generally known, and chasers, though such conditions were not complied with
possibly a legal question may arise between the holders by the company. Furthermore the Court ruled that
■of the two issues of bonds. We may add that we are when the people of a county, at an election held under
762
THE
C H R O N IC L E .
a refunding act, voted to issue new bonds to exchange
for old ones issued by the county in aid of a railroad
company, the county was thereafter estopped from as
serting as against innocent holders of the new bonds
that the old ones were invalid because some of the con
ditions imposed by the county on the grant of aid to
the railroad company had not been complied with.
The circumstances of the case merit detailed analysis.
Under the present Constitution of Illinois no county,
city, town, township, or other municipality, is allowed
to subscribe to the capital stock of any railroad or pri
vate corporation or to make donation to or loan its
credit in aid of such corporation. This provision has
been in force since July 2, 1870. But it was distinctly
provided in the Constitution that the article in question
should not be construed as affecting the right of any
municipality to make such subscriptions where the
6ame had been theretofore authorized, under pre
viously existing laws, by a vote of the people of such
municipalities. The bonds which were the subject of
litigation in the present cases had been propsrly author
ized before the change in the Constitution.
There were two issues of bonds embraced in the ac
tion, namely $75,000 voted to the Belleville & Eldorado
Railroad Company and $25,000 to the St. Louis &
Southeastern Railway Company. The bonds had been
duly issued under authority of the acts of the General
Assembly of Illinois and pursuant to the election held
according to law on October 9 1869, and in payment of
subscriptions to stock in said companies dated January
15 1870. In the case of the St. Louis & Southeastern
Railroad the bonds were authorized on condition that
the road should pass, and a depot be established, within
one-half mile of the old Court House in Raleigh and
within one-half mile of the church in Calatia. As a
matter of fact the road was constructed in a different
direction, and the condition named wa3 waived by the
Board of Commissioners of the county after July 2
1870. In the case of the Belleville & Eldorado it was
provided that the road must be commenced within one
year and completed within three years from the date
of the subscription, and this was the condition upon
which the bonds were authorized. The date for the
completion of the road was, however, extended by the
Board of Commissioners from time to time until Octo
ber 20 1877, and the bonds were not issued and deliv
ered until April 19 1877, being dated March 9 1877.
The bonds to the St. Louis & Southeastern were
dated January 1 1872 and issued and delivered to
the company Eeb. 1 1872. The validity of neither
issue was at any time questioned by the county
until December 30 1889, and the county has
always retained the stock in these companies
for which the bonds were given, though said stock,
it is averred, is now and has always been wholly
worthless. Another important fact entered into the
ease. It appears that under the authority of a refunding act of the State of Illinois both issues of bonds,
which bore 8 per cent interest, were in 1885 exchanged
for new bonds bearing only 6 per cent interest, and
that these latter were properly authenticated by the
Chairman of the County Board and also by the State
Auditor of Illinois.
The question presented for the consideration of the
Court was whether these later bonds were void in view
of the failure to comply with the express conditions
under which the original bonds were authorized. This
involved an adjudicati n on two points : (1) Whether
the original bonds themselves were void beeause of this
[V o l . L X II,
defect, and (2), if so, whether the illegality extended
to the new bonds issued in refunding. Justice Shiras,
who delivered the opinion of the Court, said that as
regards the bonds issue! to the St. Louis & Southeast ern, the facts brought the case within the decision of
the Court in the precisely similar case of Insurance
Co. vs Bruce, 105 U. S., 328, and also within the de
cision in the case of Oregon vs. Jennings, 119 U . S.,
74, 7 Sup. Ct., 124, where it was held that bonds
issued by the town of Oregon, a municipal corpora
tion of the State of Illinois, in compliance with a
vote of the people held prior to the adoption
of the Illinois Constitution of 1870, in pursuance of
a law providing therefor, were valid, although a
condition as to the completion of the road was not
complied with, because the recitals in the bonds were
made by officers intrusted under the statute with the
duty of determining whether the condition had been
complied with, and the town was therefore estopped
from asserting the contrary. Furthermore, it was de
cided that when the people of a county, at an election
held under a refunding act, voted to issue new bonds
to exchange for old bonds, such a vote recognized the
original bonds a3 binding and subsisting obligations;
and that where, at an election held according to law,
the people of a county authorized their proper represen
tatives to treat certain outstanding county obligations
as properly authorized by law for the purpose of set
tling with the holders, and the settlement has been
made, the validity of the obligations can no longer be
questioned.
As to the bonds issued to the Belleville & Eldorado,
the Court considers that they must be treated in a
somewhat different way. Justice Shiras notes that
these bonds were put out and delivered in 1877, after
the decision of the Supreme Court of Illinois in the
case of Town of Eagle vs. Kohn, 84 111., 292. In that
case certain conditions as to time had been prescribed
upon which the bonds should be issued, and those co n
ditions had not been complied with. The Illinois
court held that although the statute did not declare
that the bonds should be void, its declaration that they
should not be valid and binding until the conditions
precedent should have been complied with was an im
perative and peremptory declaration ; hence the bonds
were not valid until the conditions named should have
been complied with, even in the hands of innocent
holders without notice.
Justice Shiras says that if the present case stood
only on the footing of the original conditional con
tract of subscription, the Court would feel obliged to
follow this ruling of the Supreme Court of Illinois,
and hold that the original bonds were uncollectible
even by innocent holders. But the feature already
referred to—namely, that in pursuance of a vote of a
majority of the legal voters of Saline County as pre
scribed in the statutes, new bonds were issued, and
registered in manner as directed in the law, and were
delivered to the holders of the original bonds, which
latter were surrendered and canceled— differentiates
the present case from that passed on by the Illinois
Court. The Justice argues that while it is true that
the mere exchange of new bonds for old ones, and the
payment of interest on the former, by the county
authorities, would not estop the county from chal
lenging the validity of the nev as well as that of the
old bonds, yet the Court thinks it was competent for
the county, in such a state of facts as here existed, by
a vote of its people to waive the condition attached to-
A pril 25, 1806.]
THE
th e o rig in a l su b s crip tio n and to clo se th e d o o r a g a in st
an y a tte m p t on its p a rt to c o n s id e r th e b o n d s in v a lid .
W h e n a m u n icip a lity is e m p o w e r e d to su b scrib e w ith
or w ith o u t co n d itio n s as it m ay t h i c k fit, says J u d g e
Sh iras, an d w here th e co n d itio n s are su ch a3 it ch ooses
to im p ose, th ere seem s to b e n o g o o d reason w hy it m ay
n o t b e c o m p e te n t fo r su ch m u n icip a lity to w aive s u c h
self-im p osed c o n d itio n s, p r o v id e d o f co a rse su ch w aiver
is b y th e m u n icip a lity a c tin g as th e p r in cip a l, an d n o t
by m ere agen ts or official persons.
In th e presen t case
th e su b s crip tio n was m ade on c o n d itio n th at th e
ra il
road sh ou ld be c o m m e n c e d w ith in on e year an d c o m
p leted w ith in th ree years fr o m th e date o f the su b s crip
tio n .
“ It
m a y b e u n d er
th e d o c tr in e
of
763
CHKOM CLE.
Tow n
of
E a g le vs. K o h n th at the a ction o f th e B oa rd o f C o m
GOLD COIN AND BULLION.
1895-96.—Exports................................
Imports...............
$384,080
677,733
Exoess of exports..............................
Excess of Imports..................................
$293,653
1894- 95.—Exports.............................. $3,126,094
Imports.......................................
7,246,384
$53,349,339
Excess of e x p o rts .......... .....................
Excess of imports..................................
$38,249,153
$4,120,290
GOLD IN ORE.
$17,940
78,883
$74,893
1,384,565
Excess of Imports...........................
1894- 9 5 .- Exports..............................
Imports........................................
$60,943
$9,125
115,532
$1,309,672
$304,326
665,388
$106,407
$361,062
Excess of Imports.............................
SILVER COIN AND BULLION.
1895- 96.—Exports....... ...................... $5,014,726
Imports....................................... 1,353,526
$45,216,070
10,796,666
$34,419,404
$33,948,266
6,846,245
$27,102,021
an d fin ish in g th e railroad w ou ld n o t reliev e th e
com
pany
fBtop
Exce’ss of exports..................................
fr o m
the
th e
c o u n ty
as
th e
bon ds.
But
th e
p eriod
c o n d itio n ,
again st
n or
bona
w h en
in
fu n d in g law s th e q u estion
fo r
c o m m e n c in g
avail
fide
to
h old ers
p u rsu a n ce
of
of
the
w h eth er th e o u tsta n d in g
orig in a l bon ds issued to the B e lle v ille & E ld o ra d o R R .
C o. sh ou ld be re fu n d e d in new bon d s was su b m itte d to
$61,520,861
23,271,708
1895- 98.—Exports..............................
Imports..............
Exoessof exports.................................. $3,601,200
1894-95.—Exports.................................. $3,790,171
Imports.......................................
547,985
m issioners in e x te n d in g
$32,507,891
29,158,552
$3,242,189
SILVER IN ORE.
1895 96.—Export*.................................
Import*.......................................
$67,568
1,257,875
$532,874
11,063,348
Excess o f Im p orts.......................
$1,190,307
1894-95.—Exports........ ...............................................
Imports............................
$1,199,739
$10,530,474
$31,827
7,457,158
$1,199,739
$7,425,331
Excess o f import*..................................
th e sam e co n s titu e n t b od y th a t a u th o rize d th e orig in a l
issue, a n d w h en , in a cco rd a n ce w ith th e v o te so ta k e r ,
and in fo rm a l c o m p lia n ce w ith th e o th e r d ir e c tio n s o f
th e fu n d in g law s, n egotiab le secu rities were issued and
d elivered
in
p a ym en t o f the
o u tsta n d in g b o n d s , we
k n ow o f n o p rin cip le o f law w h ich fo rb id s th e c o u n ty
o f S a lin e from su ch h o n o ra b le d isch a rg e
ties in
o f its lia b ili
th e b a n d s o f in n o c e n t h old ers.
S u ch a ction
on th e part o f th e leg al voters o f S a lin e C o u n ty m ay
w ell be regarded as a d ecla ra tion th a t there had b . e o ,
by
th e actu al co n s tr u c tio n
d elivery
o f th e
railroad an d the
o f the sto c k , a su bstan tial c o m p lia n c e with
th e origin a l c o n d itio n s .”
A fte r su ch d eliberate a ction it is now to o late fo r the
c o u n ty , the C o u r t con s e q u e n tly th in k s, to seek the aid
o f a co u r t o f
equ ity to en able it to a v oid its co n tra cts
m ade in p u rsu a n ce o f a leg isla tive g ra n t o f pow er and
the con sid era tion
for
w h ich
has been re ce iv e d .
In
oon cln sion the C o u rt h o ld s th a t w hile it may fa irly be
said
that a m u n icip a l co rp o r a tio n
m ay n o t ra tify a
c o n tr a c t in to w h ich it has n o p ow er to en ter an d m ay
n ot w aive a co n d itio n p u t b y th e L eg isla tu re u p on th e
exercise o f a g iv en
p ow er, y et
it may well w aive a
c o n d itio n m ade by itse lf, a n d n o t a c o n d itio n u p o n the
exercise o f the p ow er.
S u ch a w aiver, it says, is not
an a ttem p t to ra tify a v o id c o n tr a c t, b a t
adm ission th a t th e c o n d itio n
in an eq u ita b le sense.
is rath er an
has been co m p lie d w ith
IMPORTS AND EXPORTS FOR MARCH.
The Bureau o f Statistics has issued a detailed statement o f
the foreign com m erce of the country for the month o f March,
1896 and 1895, and for the nine months ending March 31
in 1896-96 and 5894-95, as follow s :
M SB C H A S D IS K .
March.
1895-96.—E xports—D o m e stic..... . . . . $73,1*00,298
...
1,8*7,858
9 mo*, end Mar. 31.
$684,271,644
13.811.818
T o ta l....................... .........
frojKyn#™Fr<s*> o f d u l y ...,. . . . $30,988,849
fJufctabie. . . . . ___
$678,083,402
$291,217,205
316,372.599
T ota l....................... .
. . . . 466.383,938
Excess o f ex p orts.............................
1894-95.—E xport*—Dom estic........
Foreign....... ......... . . .
$607,589,801
1.538,095
970,493,658
$612,964,271
10,083,241
T otal.................................
Im ports—Fre« o f d u t y ...., . . . 432.880.522
Dutiable...........
*823,047,515
8268.00 7.762
267,528,347
T o ta l............................... .
Excess o f e x p o r t * ,............... ..........
-A -,....
Exc **9 o f imports................................. . *4,133,646
9535,529.109
$87,518,406
IProni oar own correspondent. 1
L o n d o n , S a t u r d a y , April 11,1896,
Political apprehensions are gradually abating, and the hope
is grow ing that we are about to witness a marked im prove
ment ia business o f all kinds, it is generally assumed that
the Venezuelan question w ill be soon and am icably settled,
that President Cleveland will not act upon tha Cuban resolu
tions, and that the relations between this coun try and Ger
many have been materially im proved.
It is believed, too, that the Russian Governm ent has used
its influence at Paris to prevent the raising o f the Egyptian
question in an extreme form , and that therefore the oppo
sition o f France to the advance into the Soudan will not be
seriously pressed. B is also thought that the influence now
acquired by Russia both at Constantinople and at Sofia w ill
prevent the rising in Macedonia in May w hich was generally
feared. Lastly, it is understood that the negotiations be
tween Mr. Chim beriain and President Kruger have been
brought almost to a satisfactory conclusion, and that the
Volksraad w ill authorize the President to visit this cou n try
when it meets on the 5th o f May. There are strong hopes,
too, that the Hatabele rilin g w ill be qu ickly put down.
Altogether, the feeling is much hotter th in it has been
since the beginning of the year: and both in trade circles
and on the S tick Exchange there is a general expectation
that business will improve. Trade uafortunately w as som e
what checked by the war scare, but it is still expanding.
The imports into this country during March am ounted to
over £88,841,9)0, an increase o f £3,884,000, or about 6 6 per
cent. The value o f the exports of British and Irish produce
amounted to £20,433,000, an increase o f £1,899,000, or nearly
10L' per cent.
The large payments out o f the Exchequer at the end o f
March and the distribution o f the interest on the national defat
early this week have largely increased the supply o f loanable
capital in the open market. The Governm ent deposits at the
Bank of England are less than a week ago by nearly 3% m il
lions sterling, and the other deposits have correspondingly in creased. Bankers And it difficult, therefore, to em ploy their
surplus funds. For very short loans the rate is really n ot bet
ter than I., per cent, though some of the banks refuse to lend
below % per cent. The rate o f disscmnt for three months and
four months’ bills is about ;>* per cent, although bills h ave
been placed this week, which are expected to arrive from the
East in a week or two, at 7-16 per cent.
The silver market is very quiet, the price being a little
under (lilt'd, per o u n ce ; and there is some decline in the
Indian exchanges. The India Council offered for tender as
usual on Wednesday 60 lakhs of rupees, but the applications
amounted to only 57;\; lakhs, and the average price obtained
was a little under Is. 2 5*10d, per rupee. Trade ia very qule
THE
764
in India, acd the demand for money consequently very
small.
Business upon the Stock Exchange continues very quiet,
though there is undoubtedly a better feeling. Partly in
quietude is due to the fact that many of the leading operators
who went away for the Easter holidays have not yet returned,
and partly to the unwillingness of the general public to incur
much risk until they are better assured of the continuance of
peace.
Owing to the increase in the supply of loanable capital and
to the absence of speculation, the rise in consols is continued.
At one time this week the price actually touched 110J^.
There has also been an advance in all first-class securities—
Municipal stocks, the preference, guaranteed and debenture
stocks of British railway s, Colonial Government stocks and
the like. British railway ordinary stocks are also somewhat
higher.
The weather here is very beautiful for the season. There
has been hardly any cold during the winter; the spring is
exceptionally mild, vegetation is unusually forward, and
consequently the railway traffics show steady increases week
by week.
Outside of purely British and Colonial securities there is
very little doing. International stocks are quiet, largely
because of uneasiness amongst great operators in Paris, due to
the conflict between the Cabinet and the Senate. Some of
the great operators have been “ bearing” rentes; but the
more general feeling in Paris is that the Bourgeois Cabinet
will very soon have to resign. The belief is based principally
upon the feeling that the Russian Government desires not
merely the maintenance of peace all over the world, but the
avoidance of internal disturbance in France and that there
fore Parliament will be made to understand that the confi
dence of the Czar is withdrawn from M. Bourgeois.
In the American department there is literally nothing
doing. One of the very largest Anglo-American houses
reports that not a single order has been placed with it, even
for good American railroad bonds, for a fortnight or more.
At the same time it states that the selling, which earlier in
the year was on a large scale, has quite ceased and that
during the present week not a single bond has been offered
to it.
The reported illness of Mr. Rhodes and the spread of the
Matabele revolt have caused a decline in Chartered Company’s
shares and in the shares of Rhodesian mining companies
generally. On the other hand, though there is not much
doing in Witwatersrandt shares, there is a better feeling and
a very general expectation that we are about to witness a
considerable rise. Those who are in the confidence of Presi
dent Ki tiger report that he is not only determined to visit
this country, but that he is confident he will be able to get
the consent of the Raad, and that everything at issue between
the Boer Government and our own will be amicably settled.
They also say that the heavy rains which have lately fallen
have dissipated all fears respecting the shortness of the water
upply, that the number of native workmen is rapidly in
creasing and that there is every ground for hoping now that
a full supply will be forthcoming in a month or so.
There is somewhat more activity in Western Australian
gold shares. The railway has now been opened as far as
Coolgardie and is expected to be opened as far as the Hannan
district early in June. It is also reported that the boring for
water has been very successful and that the prospects of the
gold fields are decidedly better than they were.
The imports since January 1st have been as follows :
1896.
I m ports .
£
J a n u a ry ........ , 38,473,856
February ___
35,476,736
M arch............. 38,344,750
1895.
£
36,743,481
28,134,489
35,959,890
Difference.
£
+1,730,375
+7,342,247
+2,384,860
P er Ct.
+ 4-79
+ 26-09
+6*63
3 m on th s... 112,295,342
100,837,860
+ 11,457,482
+ 11-36
T h e e x p o r t s s in c e J a n u a r y 1st h a v e b e e n as fo l l o w s :
1896.
1895.
Difference.
&
E xpor ts .
Jd
£
Per Ot.
«Tanuary........... 21,127,168
18,224,236
+ 2,902,932
+15-92
F eb ru a ry ___ . 19,(583,456
15,973,095
+3,710,361
+ 23-22
M arch............ . 20,422,419
18,523,030
+ 1,899,389
+ 10*25
3
m on th s...
61,233,043
52,720,361
+ 8,512,682
+ 1 6 14
The re-exports of foreign and colonial produce since January
iBt show the following contrast:
1896.
RE-EXPORTS.
£
J a n u a ry .........
4,825.707
5,638,232
F ebru ary .......
M arch................
4,623,326
3 m onths. .
15,087,265
1895.
£
3,887,258
4,407,824
4,846,599
13,141,681
Difference.
£
+ 938,449
+ 1,230,408
—223,273
+1,945,584
[Vol. Lxn.
C H R O N IC L E .
Per Ct.
+24-14
+ 27-91
—4-60
Tne rates for money have been as follow s:
Interest allowed
for deposits by
Open Market Rates.
Trade Bills.
Bank Bills.
£
Mar. 13 2
** 20 2
“ 20 2
Apr. 2 2
”
10 2
Disc't IPse
Six
Four
Three Four
Six
Stock At 7 to 14
Three
Months Months Months Months Months Months Banks. Call. Days.
11-16
•34-13-10
H 11-16
% U -16
9-18
11-16-94
94-13-16
11-16-&
11-16
9-10® 56
1 ®1V6 1K®1 H
1 ® l y& 1K@1 M
IK
1
1HI
1
1
IK
*
K
X
K
K
K
1«® 1K
1!4®1K
1K @IK
1K@1K
k
K
K
K
H
H
H
H
H
K
* 13-11'® 15-10.
The following return shows the position of the Bank of
England, the Bank rate of discount, the price of consols, & c .,
compared with the last three years:
1896.
April 8.
1895.
April 10.
Circulation................................ 20.534,980 20.316,735
7,675.172
Public deposits........................ 13,713,101
Other deposits.......................... 43,903,164 31,921,832
Government securities............. 15,210,953 12,400.928
Other securities......................... 28,083,200 17,811,275
Reserve of notes and coin......... 37,143,170 27,130,021
Coin* bullion, both departm’ts 40,8/8,156 30,653,350
68!4
Prop.reserve to liabilities..p.c. 59 3 10
2
2
Bank rate..................... per cent.
101 15-10
Consols, 294 per c e n t ................
HOU.
30*^d.
Sliver.......................................... 31 3-l0d.
CTearIng-House returns.......... . L02,fl35,000 155.980.000
1893.
1894. •
April 11.
AjyrU 12.
*
25.030,020 25,472.105
8,373,510
5,930,827
29,121,850 29,227,918
9.379.038 11,208,101
22,956,981 25,108.203
22,988,055 16.014,852
31,218,075 25,630,957
01 1-16
47
2
2K
100 1-16
9SK
37 15-16d.
2894+
113,933,000 124,562,000
The Bank rate of discount and open market rates at the
chief Continental cities have been as follow s:
April. 2.
Apr. 10.
Interest at
Part...............
Berlin.............
Hamburg.......
Frankfort....
Amsterdam ..
Brussels ......
Vienna...........
St. Petersburg.
Madrid ...
Copenhagen...
Bank Over
Rate. Marks
2
3
3
3
3
2K
4
0K
4K
3
m
2K
2K
2M
2H
m
3M
OK
V*
3
Mar. 20.
Mar. 20.
Bank Open Bank Open Bank Open
Rate. Market Rate. Marker Rate Market
2
3
3
3
3
2K
4
OK
4K
3X
m
2K
2K
2M
2%
IK
SM
OK
4K
3X
2
3
3
3
3
2K
4
eK
4>6
3X
2
3
3
3
3
2K
4
OK
4K
3*
1H
2K
2K
2K
2K
m
m
6K
4K
3K
m
2K
2K
2K
236
IK
SH
OK
IK
3K
Messrs. Pixley & Abell write as follows under date of
April 9 •
G old—With the exception of a few small orders fo r India, there is
now no other demand, and the bulk of the arrivals are p urchased by
the Bank o f England, which has received since our last, *332,000.
A rriv als: W estlu d ies, £10.000; Australia, £150,000; China £7 6,00 0;
Bombay, £ 6 6 ,0 0 0 ; New Zealand, £ 2 0 .0 0 0 ; Chili, £ 1 ,0 0 0 ; South
A fiica , £110,000. Total, £469,000. Shipments to Japan, £140.000.
silver has risen to 31 3,,d, on a good demand from China and an im
provem ent in the Indian Bazaar price. The Paris Mint is inviting
tenders for the supply of £ 1 1 0 ,OOf) stiver, and this is m aking tue mar
ket firm in the absence o f sales from New York. A rrivals: New York,
£ 2 7 + 0 0 0 : West Indies, £ 1 1 ,0 0 0 ; Chili, £ 4 1 ,0 "0 . Total, £330,000.
Shipments—B om bay, £ 6 0 ,0 0 0 ; Japan, £20,000. Total. £80,000.
Mexiean D ollars— Following a decline in the H ong K on g premium
the value o f these cnin has fallen, and the nearest prioe is 3 0 7sd. Ship
ments to China, £23,000.
The quotations for bullion are reported as follows :
GOLD.
London Standard.
Bar gold, fine— oz
Bar gold, parting.o?
Spanish Old....... oz.
Do. N ew __ oz.
U. 8. gold coin....oz
German gold ooln.oi
French sold coin.oz
Apr. 9.
s.
77
77
76
76
76
70
76
d.
9
9X
0
2
3H
3M
3X
SILVER.
London Standard.
Apr. 1.
8.
77
77
76
70
76
70
70
d.
8K
9%
0
2
4
3H
3}*
Bar silver, fine. ..cz
Bar silver, containIng 5 grs. gold..oz.
Cake silver.........oz.
Mexican dollars..oz
Apr. 9. Apr. 1.
d
31 3-16
31 9-16
d.
SlK
31K
33K
30%
33 9-10
3136
The following shows the imports of cereal produce into the
United Kingdom during the first thirty-one weeks of the
season, compared with previous seasons :
IMPORTS.
1895-96.
1894-95.
1893-94.
1892-93.
Im portaofw h eat.cw t.39,418,870 41,192,646 34,240,067 37,149,667
Barley........................... 15,734,620 17,927,144 20,674,861 11,116,725
Oats............................... 8,018,980
8,195,577 7,946,004
7,419,054
Peas.............................. 1,719,620
i , 513,809 1,646,537
1,439,952
Beans........................... 2,170,862
2,706,432 3,326,022
2,657,293
Indian oorn.................. 28,140,200 16,044,814 19,746,392 17,246,036
Flour...................
13,0c0,300 11,911,270 11,472,376 12,527,245
Supplies available for cousumption (exclusive of stocks on
September 1):
1895-96.
1894-95.
1893-94.
1892-93.
Wheat Im ported.ow t.39,418,870 41,192,646 34,240,067 37,149,667
Imports of flour.........13,060,300 11,911,270 11,472,370 12,527,245
Sales o f hom e-grown. 9,975,065 11,13 >,900 14,972,654 16,992,754
Total..................... 62,454,835 67,235,816
1895-96.
1894-95.
Aver, price wheat week.24s. 7d.
20s. 3d
Average p rice,sea son ..2 5s. Od.
19s. 9d.
60,685,097
1893-94.
24s. 6d,
26s. 2d.
66,669,666
1892-93.
24s. 9d.
26s. lO d .
The following shows the quantities of wheat, flour and
maize afloat to the United Kingdom :
Thu week.
Wheat..................... qrs. 2,140,000
Flour, equal to
qrs.
311,000
+ 14-80 I M aize...................... qrs.
539,000
Last week.
2,216,000
302,000
556,000
1895.
3,268,000
289,000
229,000
1894.
3,203,000
360,000
382,090
THE CHRONICLE,
A ra n - 25 1806 .J
f ia g ils i i P l a a a c i a l U a r H e u - P e r C a b le .
The daily closing quotations for securities, &c., at London
are reported by cable as follows for the week ending Apr. 24;
Sat.
L ondon.
8 liver, per oz . , ....... . cl. 31
Conaola, new , 2% p. ots. 112*9
F or accou n t................. 112hi
I V o h rentes tm Paris) fr. 100-70
Atcfc. Top. & 3. Fe......... 16!*
60 >9
Canadian P acino..........
Chi-sapeake & Ohio....... 107-3
Chic. fa lw . i 8t. Paul.. 78%
Der.v. & Rio Srande, i>M 40
Erie .................................. 15%
m -j
do
1st preferred
Illinois C entral.............. 37H
Lake S hore.................... . 151
LonisvtUe & N ashville.. 52*4
M exican Central 4a....... 71 hi
d o. Kan. & Ter. co m .... 12 H
K. Y . Central & Hudson 99H
SI. Y . Ont. * Western . 15 H
bH
N orfolk * West’ll, p r e f.
Northern P acific, p re f.. 10H
P enn sylvania...... .......... 55 >9
6
PML & Read., per share
Southern Ey., coin .........
9*
do
p r e ? d ............. 3Us
3%
Union Pacific.......... .—
Wabash, p r e f ................. l a
Mon.
r«e*.
Wed.
31
113J4
113*4
101-70
lts.\
6138
17
73 <9
49»e
15%
41%
98%
151
531%
71%
12 >9
9919
15 ^
5
io»9
5519
6ie
10
32%
8%
li*h
31
113%
113%
101-80
17
61%
17%
8- %
50%
15%
42%
99%
152%
54%
72
12%
100»4
16
■
5%
u%
55%
6%
10*#
32%
9%
19%
31
112%
112%
02-07%
16 ^
61%
17%
79%
49%
15%
41%
99%
152%
53%
72%
12%
100%
15%
5%
11%
55%
6 >4
10%
32%
U%
19
Thurs.
31
112^4
112%
102-15
17*3
60%
18%
80
50
15%
41%
99%
151%
53%
72%
12%
100%
15%
?»
11%
56
0%
10%
32%
19%
Fri.
31
111%
111® is
401-90
17
61
18%
80%
30%
15%
41%
99%
154%
83%
72%
12%
10034
15%
5
12%
55%
6%
10
32%
9%
18%
765
Of the exports during the same time, $1,072,610 were Amer
ican gold coin.
Auction Sales.—Among other securities the following, not
regularly dealt in at the Board, ware recently sold at auction:
By Messrs. R, V , Harnett & Oo.:
Snares.
100 Second Ave. HR. C o...1 6 8
11,005 Keels'M otor Co. o f N. E.*50O
By Messrs, Adrian H, Muller & Son:
Sh-ares
Shares.
25
5
10
25
224
38
22
C om inorwealth In.?. Co. 86%
Nat. Broadway B ank___ 231%
Lawyers' Surety C o.. . . . 97%
U. S. M ott, & Trust C o ..205
25 Sat. Bank of Commeree.20S%
B roadw ay Ins. C o.113% -117%
15 Yonkers Gas-Light Co. .112
L ong Island B u n k .,...... 90
15 Babylon Nat. Bank ------116
Southern Nat. B ank...... 110%
100 RetaOf Mining C o .$3 38 I>. »h.
350 M olecular Teleph. C o .. .*5 lot
Bonds,
10 B rooklyn Academ y o f
$12,000 M adison Sq. Garden
Co 2d (is. 1920, MAN......... 73%
Music, with tickets....... lfO
$500 R etsof Min’ g Co. 1st 3s. 45 *3
25 F.rar’ h Nat. B ank.......... IS !
20 Nat. Park B u n k .............. 270% ,$12.0 to Pennsylvania Plate
Glass Co. o f Irwin, Pa., 1st
100 Kings County Ins. C o .. 168
6s. 1901. Jan., 1895, cou
5 Nassau Fire Ins. C o ........ 139
pons on — ....................... 59%
6 Western Nat. Bank
... 1 11 %
30 Gold ,fc St> ek Tele*. Co 1073; $2,000 H a rif .rd A West H art
200 Csica A Bl. Rtv. RP,.guar.lHO
ford Horse KK. Co, 1st 5s,
1924, F,fcA.....................,65 & ia t.
36 Globe Fire Ins. Co.......... 80
62 U. S. Fire Ins. C o.............I l l
9 Warren ER . C o ...............166
7 Bank o£ A m e r ic a ...........321
City R ailroad Securities—Brokers’ Quotations.
©oiuiuevcmlaud i^Uscelhuicous Rcws
N a t io n a l B a n k s. — T he fo llo w in g in fo r m a t io n r e g a r d in g
national b a n k s is f r o m t h e T r e a s u r y D e p a r t m e n t :
KATKMAL BASKS OBOASIZBD,
5,037.—T he Manufacturers* National Bank o f Mechanics-ilie, Sew
York. Capital, $*10,000. Edgar Holme*. P residen t; C. D.
T horber, Cashier.
I m p o sts a n d E x p o r t s f o r t h e W e e k , — T h e fo llo w in g are
t h e im p o r t s a t N e w Y o r k f o r t h e w e e k e n d in g f o r d r y g o o d s
A p r il 16 a n d f o r th e w e e k e n d in g f o r g e n e r a l m e r c h a n d is e
A p r il
17; a ls o t o ta ls s in c e th e b e g in n in g o f th e first w e e k
k O M t o a i m p o s t -# a t s e w t o k k .
1893.
1894.
Bid.
Ask.
:Chris Pp’rjt 10th St.—Stk.
165
1st niort.,1898
105
5106 110
170*'
........ 95 : |D, D. B. B, & Bat'v—Stk.
l*t„ gold, 5s, 1932.J<feP lit
29 ,........
»07% lu9% . S crip___— ................. 5100
25
25 U Blfc&tn Avtmme—-Stock,.. 330
180 195 | Scrip, 0a. *014,— . . . . . . 103
310 325
105
2d m ort., 5s, 1914,J AJ 107 . . . . . . 4*2A S t. & Man* & St, N, A v.
let mort. 08 ,1910.M&S #115 illB 1*
B*way lsl.5s.ira a r.l 824 109 .........
2A mort* income 6a. Jdtl 06 j 70
2d 5s.lnt.as rent’1.1905 .104*3
. . u103
-Consol. 5a,194»...JA D
ILos „A vb.dfc Par, Perry 5a. 1121-j 112^
:Metropolitan Traction.,, 105^ 106Y*
Brooklyn City—Stock....
Consol. 5*.
Ninth Avenue—Stock... 158 . . . . . .
ns
Second A venae—Stock.. 162 105
Bktrn.Cro»«t*n 5*. 1903s
1st mort ,5a,1009.M&N 107 100
100
B kl'n.Q ’ nsC o.A Snb.lst
200
B kiyn.C.AN ’ s r T w o -S tk
Debenture §8,190b.J&J 101
5s, 1938 .........................
lU)h :Sixth Avenue—S tock ....
3
° . 14 Third A v en a e- Stock’. .. i?8*i
B 'klyuT rac.. 2d a.-s'tpd. n i13
45
i*
1st mort., 5a, 1937.J<feJ
P referred ............
Twenty-Third S t.-S t’k.
Central Crowtown—Stk.
Deb. 5*, 1 9 0 3 .,..,........
1st M,, 8 «. U 12'l...M AN
io T
105
Union R t - S tock ...
Con. Pk. S.A EJRiy.—Btk
Consol, 7 s, 1802,, J A D ii4
1942 . . . . . . . .
iT s "
Colnmtma A 9th a r t . 5». 112% 112%
Weitekeut’r, let.ga-,5a.
in
sr
i n Ja n u a ry ,
For Week,
Bid,
Atlan. Ave., B’klyn—
Con. 5s, g., 19 8I..A & 0
Imps. 5», g.. 1934..JAJ
Bleek. S t A Fa;. F. -stk
1st mors.. 7», l«00jr«fcj
Brooklyn RapM Transit.,
S'way As7th A re.—stock.
1st mort.,5s. 1901. JAXJ
1895.
j
1896.
Dry flood s.___
Oen’l aiePfUse.
*2.5-<6,193
11,737,764
*1,503,330
6,279.709
*2,663,372
8,117,785
• S jw tsjia i
7,877,! » 7
Total..........
Sines Jan. 1
Dry G oods,___
Den’i mer’diae.
*14,304,702
*7,733,039
*10,481,057
*9,913.931
*51,351,086
184,018,857
*28,063,290
100,783.224
*50,400,189
105.5 >9,675
till
lSt
§ And accrued interest
x Ex-dividend.
Gas Securities—Brokets Quotations,
Total 15 week. *200,172,94-1 *12.3,851,51 4 *155,060,061
SAB COMPANIES.
Bid
Ask. i
0.VS COMPANIES
Bid.
; People's (B rooklyn ). . . . . . 100
The imports of dry goods for one week later will be found Brooklyn Gee-Light........ 160
Central........... ..... .... 105
...r; Peoples' (J ersey C it y ) .... 170 i ? r
* :! .Metropolitan (B ro o k ly n ). 230
in our report of tins dry goods trade.
Oonaamera* (Jersey City), * 84
Bonds....... .
102
> j W illiam sburg............ . .. 300
The fallowing » a statement of the exports (exclusive of Oittxen#* (Brooklyn)__ _ 100
...
1 st e «............ ........* .......... TO 0
ieraey City A Hoboken,. 180
... Fulton M u n ic ip a l........... 200
specie) from the port of New York to foreign ports for the Metropolitan—Bond#..... 108
Bonds, Bs....... ............ . . . 1 0 5
E q u ita b le ................. ... ..( 2 1 5
Mutual (N. Y. . . . . . . . . 2**0
w.jek ending April 21 and from January I to date :
X m m n (B ro o k ly n )........, 300
Bonds, 8 a, 1899............JlOSW j
St, Paul.......... .
00
S c r i p . . . . . . . . . . . . . . . . . . . . . 10 0
axeoars vaoa mew roan roa Tits s e t t .
Bonds, 5 s . . . . . . . ............... 85
N. »\ A East Riv. 1st 5c. 101 102
Stnnd*rd p re f........ ......... * 108
70
Preferred ............
74
1803.
1894,
185*5
1890
C om m on ..................... 76
39
Common. ......... . .... 38
F or the week.,
Frew. reported.
M.049,8031 $7,218,979’
m )'A»M 'iV 103,012.419
87.027,520
it;
93,088,270; 106.007.990
Consol. 5s__ 91
92
4 And accrued interest.
W estern Has ..............
84
Bonds. 5 a . .. . . . . . . ............ <83
* Ex right#.
T otal 15 week* *09,142,294 *110,231,399 *102,297,916 *113,635,510
jp u u h iu g
T h e fo llo w i n g ta b le s h o w s th e e x p o r t s a n d im ports o f sp ecie
at th e p o r t o f N ew Y o r k f o r t h e w e e k e n d in g A p ril 18 and
ince J a n u a r y 1, 1896, a n d f o r th a c o r r e s p o n d in g periods in
1895 a n d 1894:
s x p o a r t an d im p o st s o r netKua a t s a w r o a n .
S rportt.
Sold
Week.
Week,
27
9 ........... #9,669.260
920,250
Too.boo
2 /0 4 .3 7 0
210,000
354,374
............ i
102,600
2,036.361,
............ j
#3,394#11,13 ',033
80 2,104.945
............1
132,20ft
....... .
3,9J0,«n2
3,04!
171,842
30,739
345.900
.............
33.638
Total 1090 . . . . . .
Total 1396........ .
Total 1894..........
*1,072,600 *15,484,019
714,479 31.027,093
3.645,3081 16.012,934
*37,24 1 *17,981,994
731,599 14,212,930
711,804
4,620.814
SUeer.
BxporU.
Week,
Oreat B ritain... .......
Wr&nm.________ _
Oern.any....................
West Indies. . . .........
M exico... ...........
■onto Am erica.........
Since X a n .l.
247,987
96,828
485
Ail other con» tries..
Total ITOfl..........
Total 1895...........
Total 1894 ..........
Of
th e
above
*830,030 #15,583,073
843,68 2 9,119,170
057,144, 11,714.463
im p o r ts
fo r
th e
w eek
Week.
^StneeJan ),
# ............ 1
*6,557
1,200
11,941
43,669
............ !
52,443
312,879
381,516
11,431
853,710
45,516
19,393.
in
1896
*704,828
410,014
491,137
|8,786
were A m e r ic a n g o ld coin a n d $2,500 A m e r ic a n s ilv e r c o in
29
BANKERS,
PIN E S T H E E T ,
65 Stale Street, Albany,
S amuel
NO.
30
& C o.,
I L t S T ., N E W
YORK.
10 W
C h a s , B. V a n N o s t r a n d ,
A r ,* x A s o s » M. W h i t *. J a
o f f a t
& W
BANKERS
I* I IV E S T R E E T ,
IN V E S T M E N T
BONDIIOHOERS
REGULARLY
YORK.
D. D a v i s
BANKERS,
a e o iu j* B A aotA T M orrA T.
M
NEW
S E C U R IT IE S .
Ba h hex, D , D a v i s .
Imports,
*431,735 *13,063,409
448,305
1,363,479
<fc
I N V E S T M E N T
\9ineeJa n .}.
Orest Britain ............
F ra n ce .... ..................
O e n n a n y ............... .
West Indie#....... ..
Mexico ............. ...........
South America.........
U other countries..
J ftm m c ta l.
Spencer T rask & C o .,
Import*.
Since J an. 1.
aucl
AMI
-
h i t e
-
N E W
SECU RITtES#
STOCKHOLDERS
,
Y O R K
____________
SHOULD
REAR
THE BOND RECORD,
a monthly Journal of Economic* mid Fhmnee, containing latest eamlnga
rmrgnnlmtlon a
dividends, quotations, besides impartial, expert diaseotio o o f the annua! report# o f all railroad and other public corporation#, with a
view to presenting a true statement concerning financial condition, physical
chftracieriBtic#and condition, and traffic; also article# upon the leading flimncist
qnmiUtw of the day, written by the ablest specialists. For sale on ail New®
stands and at 2Q Nassau Street, New York. $8 per year 2Sjcant#3per copy.
Per
Cent.
B an k s.
American Exchange N ational...
Fourteenth Street..........................
German E xohauge (annual).......
G reen w ich ....................................
Nassau............................................ .
T r u s t C o m p a n ie s .
Farm ers’ Loan & Trust (quar.)..
••
**
“
(extra)..
Hamilton. Brooklyn (quar.). ..
Kings County, B rooklyn (quar.).
rrilseellan eou *.
Ainer.Soda Fountain coin.(quar.)
**
“
“ 1st pf. (quar.)
"
«
“ 2d pf. (quar.-j
Columbus (O.) 8treet Ry. (quar.)
Grand Rapids G a s ........................
National Starch 1st p re f..............
Pullman’ s Palace Car (quar.) —
Railway Equipm ent of-M inn---8t. Paul Gas-Light (quar.)..........
United States E xpress. ............
W ashington (D. C.) Gas-D.(quar.)
May
May
May
May
May
May
3k:
3
16
5
3
4
5
5
2
2
When
Payable.
* May
>
May
M ay
i% i
lk U
2 )
1
2 k,
2
2
3
lk i
lk i
2k,
May
May
May
M ay
May
May
M ay
M ay
May
1
1
1
1
1
1
Books closed .
(Days inclusive.)
Apr. 22
----------t
Apr. 15
Apr. 22
Apr. IS
Apr. 23
to
o
to
to
to
to
M ay 4
-----------Apr. 30
M ay 5
M ay 1
M ay 1
1 ---------- t o ------------1 Apr. 25 to Apr. 30
1 Apr. 26 to M ay 1
4 ----------- t o ----------1
20
1
15
1
15
15
1
Apr. 20
May 10
Apr. 26
May 2
----------Apr. 30
—--------Apr. 16
to
to
to
to
t o
to
to
to
Apr. 30
May 20
M ay 1
May 15
----------May 15
Apr 30
W A L L STR EET. F R ID A Y . A P R . 2 4 , 1 8 9 6 - 5 P . SI.
The Money Market and Financial Situation.—The prom
inent feature of the week in W all Street is the increasing
demand for investment securities. This demand is felt in all
departments, but is especially noticeable in the market for
railway bonds and stocks. A feature o f the stock market
has been the relatively large sales of railway shares when
compared with sales of the more speculative industrial stocks.
There was a considerable improvement in the amount of
purchases for foreign account during the early part o f the
week, which was interrupted somewhat by a despatch to
tlie London Times from its American correspondent to the
effect that satisfactory progress is not being made in the
settlement of the Venezuelan dispute. This report was, how
ever, promptly contradicted. The foreign exchange mar
ket shows the change of sentiment abroad in regard to
American securities.
There can be no doubt that the advancing spring which
has brought new life into many departments of activity,
the probable early adjournment of Congress, and most of all,
the evidences of a stronger and more pronounced sentiment in
favor of a sound financial policy for the Government, are
restoring confidence in American investments at home and
abroad.
The open market rates for call loans during the week on
stock and bond collaterals have ranged from 2% to 3 per
cent. To-day’s rates on call were 2% to 3 per cent. Prime
commercial paper is quoted at 5@5% per cent.
The Bank of England weekly statement on Thursday
showed an increase in bullion of £424,825, and the percent
age of reserve to liabilities was 60’06 against oS'89 last
week ; the discount rate remains unchanged at 2 per cent.
The Bank of France shows an increase of 1,625,000 francs in
gold and a decrease of 1,100,000 francs in silver.
The New York City Clearing-House banks in their statement
of April 18 showed an increase in the reserve held of $434,500
and a surplus over the required reserve of $18,139,350, against
$17,931,250 the previous week.
1896.
A pril 18.
Prev. week.
1895.
A pril 20.
1894.
A pril 2 1 :
*
*
62,622,700 59.922.700
71,046,3001 70,690,600
480,721,400 459,069.400
Clrottlatien.........1 14,351,900 Inc
10,600[ 13,217,000! 10,673,300
N et deposits....... 484,057,000 Inc
905.600 510,185,300 569.539.100
Bjeoie.
58,629,400 Deo. 205.600 66,637,800 98.910.700
Lentil ten d ers.... 80,524,200 In o . 640,1001 80,573,500 125.472.100
Reserve held____ 139,153, 600 roe. 434,500il47,',211,300 221,392,800
Legal reserve___ 121,014, 250 l n o . 226,400 127,’,546,325 142,334,775
Surplus................
Surplus reserve
$
61,122,700
72,833,300
9
18,139.350 I n c .
208,100
19,664.975
82,008,025
Foreign Exchange.—The market for sterling and Conti
nental bills has continued dull and weak. The supply con
sists of loan and security bills in addition to commercial
bills, and has been in sufficient volume to reduce the rates.
To-day’s aotual rates of exchange were as follows: Bankers
sixty days’ sterling, 4 87%<»4 87%; demand, 4 88%@4 88%;
cables, 4 88%@4 89.
Posted rates of leading bankers are as follows:
A pril 24.
Prim e bankers’ sterling blUa on London..
Prime c o m m e r cia l......... ............. ............
Docum entary com m ercial..........................
Parle bankers’ (franos)...............................
Amsterdam (guilders) bankers.................
Frankfort or Bremen (relohmarks) b’ kers’
Sixty Days.
4
4
4
5
Demand.
88 ®4 88*a 4 89 ® 4 89*«
............
87 -94 87*4
S6*«04 363*
16l3lf-5 1679 5 15 ^ 5 145lfl
403ie ®40*4 40:%a407,fl
953lfl-a95*4
95*>16a 95
The following were the rates of domestic exchange on New
York at the under-mentioned cities to-day: Savannah, buying
1-16 discount, selling par ; Charleston, buying par, selling %
premium; New Orleans, bank. SI 50 premium; commercial
25c. per $1,000 discount ; Chicago, 75c. per $1,000 pre
mium ; St. Louis, 50c. per $1,000 premium.
United States Bonds.—Sales of Government bonds at the
Board include $401,000 4s, coup., 1925, at 118 to 118%; $80,000
4s, reg., 1925, at 117% to 117% ; $18,500 4s, coup., 1907, at
109% to 109%; $28,800 4s, reg., 1907. at 108% to 109 and
$9,000 5s, coup., at 113% to 114. Closing prices are as
follows :
Inleretl A pril
Periodt 18.
2s, . . . . . . ............rex.
4 9 ,1 9 0 7 .. ....... reg.
Is, 1 9 0 7 .......... coup.
4s, 1925.............reg.
4s, 1925..........coup.
5s, 1 9 0 4 ............. reg.
5a, 1904 ........ coup.
6s, onr’e.v,’ 97. .reg.
69, our’ey,’ 9 8 ...r e g .
6s, on r’oy ,’9 9 .. reg.
4s, (Cher.) 18 96.reg.
4s, (Clier.)1897.reg.
4s, (Cher.) 18 98.reg.
4s, (Cher.) 1899.r e v
A pril
21.
Ik
>
*?•«
' -t v 2 .
D I V I D E N D S .
Xante o f Company.
[You. LX11.
C H R O N IC L E .
g t
°5 .
THE
766
Q.-Moh. * 95 * 95 * 95 * 95
Q,-.Jan. H 09% * 108®s 1087s *103%
Q.-.Tau. *109=4 1097g 109*2 109%
Q..- Feb. * L1678 *117
l l 7 7a *117=2
0..—Feb. ' U 7 78 113% 118=6 118%
Q.- Feb. *112*2 * 112*3 *112*3 *112*3
Q .- Feb. *113% 113% '1 1 3 % *113%
.. & J. *103 *103 ‘ 103 *103
7. & J. *105 *105 *105 *105
T. & J. * 107 k, *1071* *107=2 *107*3
M arch. *100 *100 *100 *100
Maroh. *100 *100 *100 *100
March. *100 *100 *100 *100
Maroh. *100 *100 ♦too *100
A g ril
* 95
108%
*109*3
117%
*11858
*112*3
113%
*103
*105
*107%
*100
*100
*100
*100
x
u
* 95
109
*109*3
*117*3
118%
*112*3
114
* L03
*105
*107=4
*100
*100
*100
*100
* This Is tlie prioe bid at the m oraine board, no sale was made.
United States Sub-Treasury.—The following table shows
receipts and payments at the Sub-Treasury.
#
Pate.
Receipts.
Balances.
Payments.
Coin.
Coin Cert's.
18
20
21
22
23
24
$
2,916,263
3,397,690
2,051,279
2,414,307
2,376,517
3,499,802
$
3,272,406
3,713,241
2,715,095
2,709,489
2,765,037
3,913,160
$
126,814,957
126,408,523
126,38-,176
126,667,019
126,414,557
126,555,012
Total
16,655,858
19,088,428
..
A pr
“
"
“
“
M
..
Currency.
9
87,592,843
87,853,593
87,181,654
86,443,130
86,378,918
85,864,985
$
3,029,775
2,858,908
2,8*9,378
3,051,877
2,980,032
2,940,152
i
Coins.—Following are current quotations in gold for coins :
Sovereigns.......... $4 88
92
N apoleons.......... 3 86 ® 3 92
X X Reichmarks. 4 75 'W 4 83
25 P e s e t a s ........ 4 75 ^ 4 80
Span. Doubloons. 15 55 H)15 75
Mex. D oubloons. 15 50 '©IS 75
Fine gold b a rs...
par
prern.
Fine silver b a rs... — 6 7 7s® — 69
F ive fra n cs........... — 90 ^ — 95
M exican d ollars.. — 54
— 55*3
Do uncom ’c ia l.. — —
— —
Peruvian sols....... — 47 %® — 49
English s ilv e r .... 4 80 'W 4 ^0
U. 8. trade dollars — 65 ® — 75
State and Railroad Bonds.—Sales of State bonds at the
Board include $68,000 Virginia fund, debt 2-3s o f 1991 at 60%
to 62%; $55,000 Tenn. settlement 3s at 86% to 88%; $500 Ala
bama Class A, at 106 ; and $1,000 Alabama, Class C, at 100.
The railway bond market has exhibited more activity and
strength than it has for several weeks past. For reasons
mentioned last week, the Northern Pacific bonds have taken
the lead in both the features mentioned. Thursday was the
last day for depositing these securities under the reorganiza
tion plan, and they have been freely bought on an advance
which averages nearly 3 per cent. The Atchisons have been
second in point of activity, but have not been so strong, and
are only fractionally higher than last week’s quotations.
Reading issues have also moved freely and gained about 1
point. IT. S. Cordage 1st receipts have been irregular, sell
ing at 28% and 31% on Thursday. The active list includes
also Balt. & Ohio 5s. 1885-1925, Ches. & Ohio, Kansas Pacific,
Mo. Kau. & Texas, Ore. Short Line, Southern Ry., Texas &
Pacific and Wabash bonds, all o f which have advanced in
price.
Railroad and Miscellaneous Stocks.—A degree of buoy
ancy unusual of late has characterized the stock market
during the week and in several cases the highest quotations
of the year have been reached. This is true of Burlington &
Quincy, N orthw est., Union Pacific, Mo. Pacific, Central of
New Jersey, American Sugar, Distilling, Western Union and
Consolidated Gas. Union Pacific has been bought on the
expectation of favorable Congressional action. Shares of the
corn-carrying roads have been the strongest of the railroad
list. Burlington & Quincy and Mo Pacific each advanced
3% per cent to 82% and 29% respectively. The buying of
North West, is said to have been based on results which the
annual statement will show. AH the coal stocks have ad
vanced, Central of New Jersey having gained 2% points.
Northern Pacific preferred was in demand for deposit under
the plan, and in sympathy with the bonds sold up to 12%,
against 10 last week. Manhattan Elevated has fluctuated
between 108% and llljq'.
The industrial list has been strong, perhaps more in sympa
thy with the general market than because o f special condi
tions. Am. Tobacco sold on Wednesday at 75, against 68% at
the close last week. Consolidated Gas had gained 6 points on
Thursday, when it sold at 163. Attention was called to Gen
eral Electric by the publication of the annual report, which
was favorably regarded, but it failed to produce any marked
effect upon the stock. Western Union was in demand with
other so-called Gould stocks, and sold up to 87%. Am. Sugar
at 126% made a higher record than that of last week, but
sold off to-day to 121%. U. S. Leather preferred was a feature
of the market on Thursday, when it was 3% points higher
than the close last week.
April 25, 1896,]
THE
C H R O N IC L E .
767
NEW YORK STOCK EXCHANGE—ACTIV E STOCKS fo r week ending APR IL 2 1 , and sinee JAN. 1, 1 8 9 6 ,
H IG H E ST AMD LOWEST PRICES.
Saturday,
Apr. 18.
Monday,
Apr. 20.
Tuesday,
Apr. 21
s i.
Wednesday, Thursday,
Apr. 23.
Apr. 22
Friday,
Apr. 24.
STOCKS.
Sales o f
Ranfte fo r year 1896.
the
I Oh basis o f roo-share lots.]
W eek, |
Shares.
L o w e st
H ig h est
A c tiv e K it . S to c k s .
16% 16% At, Top. & S.Fe, allinstaL paid 20,878 12% Jan. 7 1734 Feb. 24
Do. pref., when Issued..
19% Jan. 7 28% Feb. 24
25% 25%
„ A tlantic A P a e ifio ...................
%
%
% Jan. 7
% Feb. 0
*%
V.
*%
%
“S;
%:
*%
%
%
V
8,790 13 Mar. 6 44 Jan. 27
16% 17% Baltimore A O hio....................
17
18% 10% 18% 16% 17%: 17
18
IS
6,349 20% Mar. 25 25% Apr. 23
23% 23% 24%: 24=8 25% 24% 25% ;B rooklyn Rai>id T ransit.........
23% 23
*2 1 is 23%
500 52 Jan. 4 60% A pr. 21
60%, *59% 60% Canadian Pantile.....................
60% 60% *59% 60 %; '59
58% 58%
4,236 45% Jan. 7 51% Feb. 10
30% 51% 51
*
51% Canada Southern.....................
51V; 51 % 51%! 50%
*49% 50
3,725 9441 Jan. 7 109% A pr. 23
107% 108% 108 108% 108% 109%: T08% 109% Central o f New J ersey............
*106 107%
15% 16% '15% 16% *15% 16% 15% 16% Central Pacific..........................
14% Jan. 9 15% Feb. 15
*15% 10%
17
18%, Chesapeake A O hio................. 10,236 13 Jan. 7 18% A pr. 23
17% 17% 17% 17% 18%: 18
163a 16%
20 155 Apr. 2 155 Apr. 2
§158 158 *154 159 1-5158 158 '154 159 Chicago & A lto n ......................
*151 159
78V 79 %
82%
81% 82% Chicago Burlington A Quincy 74,380 71% Jan. 7 82% A pr. 24
80% 81% 81
80%: 80% 81
20 40% Apr. 13 43 Jan. 18
42%; 41
42% ♦41
42% Chicago & Eastern I llin o is...
42% *41
42%: *41
*40
42%
QQ
I)o
p ref,
*........ 9a
98 Jan. 23 100% Mar. 5
. 99 • ’.99% 99% *.......... 100 I*......... 99 r
7871 78% 79 Chicago M ilwaukee & St. Paul 100,261 63% Jan. 7 79% Feb. 24
! 78
78% 7«% 77% 73% 79
76% 77
1,168 125 Jan. 7 130% Mar. 2
127% 127% 127 127
127% 127%
Do
p ref.
127
127 127
'126% 127
104 104%
3 105% 105 105% 104% 105% 105% 106% 106% 106% Chicago a N orth w estern .. . . . 16,419 9 4 7 Jan. 7 106% Apr. 23
80 142 Jan. 8 147 Mar. 6
119 ;i4 8 148
...............*147
148%
........... '140
Do
p ref
72% 72% 73%; 72% 73 % Chicago R ock M a u d * , Pacific 32.016 62 Jan. 7 74% Feb. 24
71
71% 71% 72% ' 72% 72% 72
3,847 31% Jan. 7 43% Apr. 24
39% 397 40% 40% 40% 40% 41% 42 i 42% 42V 42% 43% Chicago St. Paul Minn, & Om
545 117 Jan. 7 124% Feb. 25
125
Do
p ref.
122 122 1122 124 '122 123 §124 124 ; 123
'121*3 123
4,688 31 Jan. 7 39% Feb. 10
35% 35
35% ClevcvCincin. Cliic. A 8fc L ...
34% 34% 35% 35% 35% 357, 34% 35% | 35
200 85 Apr. 16 90% Feb. 20
85%
86
*34
36
§85%
85%
'85%
*84
85
Do
pref.
*83
*82
80
2,120 15 Jan. 7 1 8 V Jan. 23
*16% 17% 16% 18%. 18% 18%
17% 17% 17% 17%' *17% IS Columbus H ocking Y a l.® T o l
00
;
60
*50
60
*
50
60
*
50
60
*50
60
D
o
pref
*50
•50
1,469 119% Jan.
127% 128 j 127% 127% 127% 129% 127V 128% 128 % 126%. Delaw are & H udson................
§129 128
129% Feb. 11
1,370 1 5 5 7 Jan.
................... 159% 161%; 159% 159% 160% 160% DeiawareLaekawauna&West
■159 160
164% Jan. 31
200 12 V Apr. 16 14 Feb. 4
13V *13% 14 Denver A R io G ran d e............
* 12 %
2,135 40 Jan. 7 51 Feb. 24
49% 49%
48% 49% 49% 49%, 49% 49%
Do
pref.
48% 49
48
48
1,440 14 Mar. 24 15% M ar. 12
15% 15% 15% 15V 15% 15% E r ie ............................................
15% 15%, 15% 15%
,1
: U
A L .
JA L.
.1
1
,11
!
4 0 %
40%, 40% 10%
560 37 Mar.
40%
41
41
11
'40%
41
41
Do
le t pref.
41
41% Mar. 17
477 22% Mar.
24
24
23% 23%
23% 23% 23% 23% *23
........ 24
Do
2d pref,
25 Mar. 18
294
-32%
33
32
*31
33
33% 33%
34
*32 % 34 E vansville & Terre H aute___
34
34
25 J&n.
34% Feb. 24
100 108% Mar.
110% 110% *110 112
115
*109 112
110 112 Great Northern, p r e f...............
• in
100 11
111% Feb. 14
*95% 907
97 : *90% 97
-96
*96% 98 Illinois Central.........................
1,329 S9% Jan.
06% 96% 97
98
98 Jan. 31
350
*9 %
9 % 1o wa C entral.............................
*9
«7
9%.
9%
9%
9
9%
9% 9%
7% Jan.
-9
10% Feb. 7
587 25 Jan.
37% *37
37%: .16% 30%, 37% 38 i 37% 37%,
Do
pref.
37% *37
38 Apr. 23
2,650 17% Apr.
20
16
18% 18% 19 : 18V 10% *18% 20
19% 20 Lake Erie & W estern..............
22% Feb. 5
71% 70% 70% 70% 71
1,610 04 V J an. , 75 Feb. 7
73% 72% 73%
72% 73% 73
Do
pref.
•70
4,059 134% Jan. 7 150% Apr. 22
147% 1 4 7 7 148% 14.9% 148% 149%, 149% 150% 150 130% 150 150V Lake Shore A M ich .S outhem .
8 1 % ; *80
81% Long Island.............................
*80
81% *80
81%; *80
81% *80
81% '00
80 Apr.
84 Jan. V
51V 51% 53
52% 52 V 1 52% 52% Louisville ,fc Nashville........... 37,807 39% Jan.
52% 53%: 52% 53
51
55% Feb. 24
700
9%
*8% 9%
9% *8% 9%
9
fl
!>% Loutev. N ew A lbany & Chic.
7% Jan.
9%
10% Feb. 18
*6 %
*8%
*20
20 % 21 % *21
22 :
Do
pref,
500 16% Jan.
*20
21
21
22
21% 2 i% ; *21
24% Feb. 13
9,911 96% Jan. 9 113% F eb. 11
109% 110 % 109V 1■>•.(% Manhattan E ievated.consol
108% 110
109% 111
1 1 0 % 111%; 119 110
1,180 92 Jan.
105 105 .Metropolitan T ra ction ....... .
105% 105% 103 105V 106 106 ; 105 105% 105% 106
108 Feb. 6
705 93 Mar.
*95
95% 95% 96
97 : 95
97% 07
95
90
97
98 Michigan Central.......... .
97% Feb. 11
125 17 Jan.
21 , 20
20 Minneapolis & St. Louis___
20% *19% 20%; 20% 20% 20
21% Feb. 21
*19% 20% *20
560 72 Jan.
80% 80
■80
81 ! 80
81
Do
1st pref
*79% 85 ' 79% 79% 80
HO
83 Feb. 21
52
1,750 40 Jan.
52
Do
2d pref
53% Apr. 22
51% 52% 52% 52%; 52% 53% 52% 52 V *52% 53%
1,720 10% Jan.
*12
12%. 12% 12%, 12% —
12% 1 2 %
12V 12% Missouri Kansas He Tetiv*___
...
,.
13% F eb. 21
12% *12
12
9,016 22 J an.
27% 277, 27% 28% 20% 28% 28% 28%' 28 % 29
2 • • 29 I
Do
pref.
31 >S Feb. 25
56,990 20% Feb. 4 29% Apr. 24
2 5 7 26% 26% 27% 27% 28% 24
29 V 38% 29V 2 -% 29% Missouri Pacific.......................
•22
24 Mobile A O hio............................
*22
24
*22
21
24
23
'22
21 Jan. 9; 25 Jau. 11
*23
85
*68
85 ; *68
85 Nasbv.Chnttauooga&SLLoui*
85
*68
08
83 j *09
*68
85
*40
♦40
48 ] 48
50
50 , ■10
50 New England...........................
186 43 Mar. 23 51% Jan. 28
48
'40
50
6,421 93% Jan. 7; 99% Feb. 10
97 : 96% 97% 97% 97%: 97% 94% 9,4% 98%, 93
98% New Y ork Central & Hudson,
15
620 11 Jan. 2 10 Jan. 22
14% 14% 14%; 14% 14% 11%
14% 14% New Y ork Chicago & St. Louis:
*14
*78
SO
Do
1st prof. 12K) 71% Jan.
BO 1 80
80
*78 80
*78% 79% *79
8 0 i *73%
Jan. 2*2
2, .1,0 20 Jan. f7j 35% Apr, 13
33% 3 4 V 34% 34% 34% 34% *:»% 31% 34
34
3 1 V 34%
Do
2dp ref.,
*174 176 ‘ 174 170 *174 170 l 174 176 T74 170
171 176 New York New Haven A Hart
175 Jan. 7-186 Feb. 10
15
15% 13% 13% 15% 15% 15% 15% 15% 15% 15% 15%,New York Ontario A Western.
12% Jan. 7; 15% Jan. 31
9
8%
8%
9
9 New York Su»(i. A West., new.
§8%
8%,
*8%
9
7% Star. 86 11% Jan. 31
8% 8%
227
6,041 *2 1 % Jan. 7| 31% Feb. 0
2 2 % 23%: 23
23 V,
25%: 25
25%
Do
pref.
1,425
%
*%
4
’ i Norfolk A W estern....................
3 Feb. 21
% Apr. 14
*7 * * #
%
•%
%'
%
%l
5%
*5
,v v
2,034
5
47
4%
4% I V
Do
pref.
9% Feb. 5
4% Apr. 22
4%
5
5%
17
1%
1 % 1%
1%
IV
1% Northern F acilio...................... 30,825
1 Apr. 8; 5 Jan. 30
t%
IH
m;
1% 1%
1%
10% 107; 1 0 % 11% 11% 12%: 1 1 7 1 1 7
2*2.515
12
12V
13%
D
o
pref.
10 Apr. 16 17% Mar. 0
12V
*20
28
*20
2ft
26
28
-JO
20
25 Oregon R 'v A Navigation Co.
20
as
22 A pr. 14
10 Feb.
*20
«
370
7%
7%
77
-7 7
'? V ......... Or.8 .L .A u.Nor.rec, 1 M Ins.pd
14% 4 7
77
8 % Feb. 24
3% Apr.
15% Jan. 31
1 1 7 127 12 % 13% 12** 13 1 1 2 7 13% 12% 13% 12% 13*e I’h lia A Reading 1st last. p d. 57,602 *2% Jan.
17% 16% 16% ■Vi
*16
1,950
17 1 16% 17% •17% 18% *17
18% Fob. 7
1*% PitUburgClim . Chle. A St. L.
14% Jan.
*56% 57% 56% 50% 56% 56% 50% 50% *56% 57%: •54 56
785 52 Jan.
Feb. 27
Do
pref.
15 .*
% Jan. 31
15
’ ......... 15 Pittsburg A W e stern ,p ref....
17 Jan.
******* 15
....... 15 j* . . . . . . 15 |
....................Rio Grande W estern..................
Feb. 10
16 Feb.
•111 n o
. 115 115 *114% 115%: * m % i i o -*111% 116 Rome W atertown A Ogdrnab.
150 114 Mar.
115%
Jan. 3
*55
60 . *55
Jan, 3
60
57 Jan.
00h *56
*55
60 St. Louis AIL A Terre Haute.
00
*55
00
*4%
Feb. 7
35 0
4 Jan.
5%
5
: *4% 5%!
5
*4% 5%i , 1 % 4% St. Luni* Southwestern...........
841
9 Jan. 6, 13 Feb. 20
11% n %
II
11
Do
pref.
,; 117 i f 12
12
11%
411% 11V
*24
2*23
25% 25% ;23
23 ! *24
**21
20 8L Paul A D u lu t h ................
207; 25 Mar 12, 27% Feb. 24
26
*87
SH
91
*87
91
91
•87
91
Do
pref.
*87
*87
91
. . . . . . I 90 Feb. 4' 91 Feb, 10
*87
*110 111 ■no 114 *110 111
*lIO 114 ' 110
.........|110 Jan. 22 115 Jan. 11
114 S t Paul Minn, A M an itoba ...
19% D )7 19%
20% Southern Paellle C o..................
2,969 1 8 % -Mar. 24 22% Jan. 14
20% 20
>. 19% 19% 19% 10%!. 20
9V
7,043
7% Jan. 8 11 Feb. 6
9%
9% Southern,voting tru st oertlf.
97
9 7 10 V
9 7 10
9% 10
9% 10
30% 3 0 7 31%
D o pref,, voting trust, cert. 19,842 234* Jan. 7j 33% Feb. 25
, 3 1 7 32H 31% 32% 31% 32% 31% 3*2
*8%
0% Fob. 25
3%
3% Texas A Paellle.........................
1,835: 7% Jan. 7
8%
8%
878% s%
8V
t
8% 8 7
*35
10
40
*35
*35
•35
40 Toledo A Ohio Centra! ............
: *35
*35
40
*73
77
*73
*73
77 1 *73
75 Apr. 6
77
.........' 75 Apr.
*73
*73
77
Do
pref.
8% 8%i
6
9% 10 i
3% Jan.
10 Apr. 21
9
8%
9% U nion P acific trust rece ip ts,. 73,930
8%
9% 9%
9%
4
*3%
•3 % 4
.37 3 % *3 % 4 j ..................Union Pacific D enver A Gulf.
310
3% Jan.
5% Feb. 13
3%
7
7% Feb. 24
67
7% 7 %
?"7 %! W abash................... ...................
7
5,175
6% Jan.
7%. 7 7
7 >4 T%1
16V 197 18%
19% Feb. 24
Do
pref. 15,727 14% Jan.
t 19% 19%: 137 19V 19% 19% 19% 19%
9%
97
13% Feb. 14
i 10% 107si 107 117; 107 11V 10% llV iW h eellB g A Lake E rie-----—
10,785
S% Mar.
?V
*%4H 36
1,210 31% Mar.
40% Feb. 13
377 37% 38
*36 33%
Do
pref,,
85%
1; 36% 37%: 37
‘ 2%
Wise. Ceu- Co., voting tr. etts.}
4% Feb. 24
2%:j *2% 3 1 2%
2% ............. .
150
2% Apr.
;a%
y iI » p * " lla n e o u » S t o c k * . I
13% 14
13
143 , 14% 147 14% 15 1 15
19 Jan. 27
4.195. 12 Apr.
15 ! 14% 15 American Cotton Oil Co_____
33% 57 l 36% 57’ 1: 56%
50% 58 i 3 77 5g%ftl 58%
69 Feb. 11
58%:
Do
prof. 11,338! 54% Apr.
123% 125%' m % i 2 e > 1 1247 1267 124% 1207 1217 126% 121% 125V American Sugar Refining Co 221,098 97 Jan.
126% Apr. 21
102% 102% 103 103* 1 103 103% 103 103% 1 037 103% 103% 103%:
2,486 95 Jan.
103% Apr. 21
Do
pref.
72 73 i 72% 74 j 73% 75 | 60% 74% 70% 73 -American T obacco C o............ 113,990 :0 7 % A p r.
69
72
95 Apr. 2
m 1 m 100% 977 97% 07%
*05 100 ' *95 100 1 m
97%
Do
pref.
439- 07% Apr. 23 103 Feb. 13
6 0 V m i 68%, 693 . m \ 00%: 68% 70%' 09
f dep. 21,808 62 Jan. 7: 70% Apr. 14
6 97 68% 69%;Chk*.a«oGa»Concerts. cTdep.,
157 V 160%: 160% 164
100 102% 159% 182% 161% ior;
162 162 Consolidated Gas C om pan y..
9,399,143 Jan. 71164 Apr. 20
18% l « v : j-!'-; 19 ; 18% 18 V. 18V 20% 20
19% 20% Dis.*C.F.c,i„,tr.et.s.»tttat*.pd. 03.372 14% Jan. 7 20 % Apr. 23
20%
87% 37% 37% 38 ; 37V 3®*«j 3 77 38%; 37
3 « ; 37% 37% General E lectric C » .............. 12,561 22 Jau. 0! 39% Mar. 13
75
*72% 7B I -73
*73% 75 | 74
7 4 7 73
73%> '7 2 % 72% Illinois Steel C o .....................
510 60% Mar. 27' 73 A pr. 15
27% 27%^ 2#
28 | 28
28%*: 28% 28'%gl 27% 28
27% 27%'Natlonal Lead CO....................
4,969: 22% Mar. 7 ;-2 3 % Apr. 21
90% 90% 91
91
7' 91% Apr, 17
91% 01%; .90% 90% *91
91%; D «
pref.
792;
82% Jan.
9 1 %; 91%
5% fi
57
S' <
6
0 1 0
5% 5% North American C o . . . ............
8.390; 4 Jan, 0; G% Fob. 24
57
6%
6%
27-v 27% 27% 28: » 28
28% : 28
7,796 22% Jan, 7 ; 31 Feb. 10
28V; 28
28 %! 27% 28% Pacific M all.............................
121
. . . . . . '121
..... .,*122
*121
"121 %
121
.........Pine Dine Certificates.............................. .....................
158 100 ;1B0 i m
1,003 148 Jail. 7 104 Feb. 11
100 160 ,160 100
102% 103 ;Pullm an P alace Oar Company
103 163
*67% ««% : *87% m i 1! *077 68% ' *677 68%1 *077 asm •OTA 67%;Silver Bullion C ertificates.. . .
8, 70 Foil. 24
.........- 67% Jan.
29V 3 0 V 31
31% . 31
31* »; 31
31% 31
3 iv ; 30% 31%:Tennessee Coal Iron * E R ... 14,280. 23 Jan. 7; 34% Feb. 10
......................... j
Do
pref.
4%
j,
1% 5
4% 5
0% Feb. 7
5
5%
3% 0.8,CortLCo.,tr.reo.ttU Uw.pd.
4,855
4% Mar.
5%
9%
*9%
12% Feb. 7
11 - 10% 11 :
4
9% »% : *9% 10
Prof., tr. roe. all ins. pd.
1.925
8% Mar.
10
9
9
8V
1 1 7 Feb. 8
3% 9 7 I |9% 9%
0
9%|
8 7 9 % United States Leather Co.......
4,885
8% Apr.
61
61%
l 61% 62 . 81% m : 6 i 7 04%; 62%
63%; Do
pref. 37,260
56% Jan. 69% Feb. 14
I 27% 28
29 Jau. 13
27% 27% : 27
27 i 26% 20V United States Rubber Cn......
1,091 2 2 % Mar.
87% Apr. 22
»: 85% 30)4
87% ! 86% 87%| 86% 3 7 % Western Union Telegraph__ 32.197 81% Jan.
16% 16V
24% 25is
16%
25%
16% 16%
25% 26
16% 16%!
25
25%
16V 16V
25% 25%
*Sf
3«
18
lii19
n
* These are bid and naked; no sale made.
§ Less than 100 shares.
( Before paym ent o f any Instalment. 1 L ow est Is e x -d ir. and scrip.
THE
768
C H R O N IC L E .
[V o l . LX II,
NEW YORK STOCK EXCHANGE PRICES (Coutiuued)—I N A C T I V E S T O C K S .
A pril 24.
I n a c t iv e S io c iis .
HIndicates unlisted.
Ask.
Bid.
R a ilr o a d S to ck s.
175
0
J25%
3
, Range (stiles) in 1890.
Lowest.
175 Mar.
11 % Feb.
9 Jan.
29% Feb.
24 Jan.
7 Feb.
7 Feb.
. . . . . 131>s Jan. 131% Jau.
....
104
15
17% Apr.
10 Jan.
52
70
64 Apr.
41% Jan.
54
155
8 Feb.
5% Jan.
8
50
6 Jan.
Apr.
5*4
14% Feb.
12
10 “4 Apr.
50 Feb.
54
45 Apr.
16 Feb.
13 Feb.
41% 37 Mar. 43 Feb.
35
25 Jan.
25 Jan.
9 Apr.
8 Jan.
10
3% Mar.
4
2 Jan.
15% 15 Mar.
18 Feb.
%
12 Feb.
9 Jan.
lm
2% Feb.
2
1 Jan.
160 Apr. 166% Feb.
.100 102
.100
13
.100 51.100
70
.100
.100
53
. 50 160
,100
7
.100 45
.100
4^
10%
..5 0
45
.100
’ 40%
.100
.100
7
.100
2*9
13%
.100
.100
11
.100
1
. 50
.100
.100
100
115% Jan. 120 Jan.
) ‘ H) 60
70
' ‘ -Si
n
__
15
.100
2% Apr.
3 7s Feb.
2*4
2*s
3 Jan.
5% Feb.
5
9
182 Feb.
182
182
100
39
100|
Feb.
5% Apr.
5
6
51s
.100
10
17
Preferred.,
Preferred.,
New Jersey & N. Y .
P refeired...............
Ohio Southern___
Peoria Decatur &
Peoria <fc Eastern.
1No p rice Friday ; latest price this week.
A pril 24.
I n a c t iv e St o c k s .
Bid.
fl Indicates unlisted.
Highest.
10%
26
3
(\ Indicates actual sales.)
m is c e lla n e o u s S to c k s .
Adam s E xpress............................ 100
Am erican Bank Note Co .........
Amerioan E x press...................... 100
Am. Spirit Mrg. Co. (when issued)If
Preferred (when issued)!!............
Ainer. Telegraph & C able_____100
Bay State Gas !T .......................... 50
Brunswick C om pany..................100
Chic. Juno. R y. & Stock Y ards. 100
Colorado Coal & Iron Devel.-.IOO
Colorado Fuel & I r o n ................ 100
P referred ...................................100
Columbus <fe H ocking C oal....... 100
Commercial C able....................... 100
Consol. Coal o f M aryland.........100
Detroit G as.................................. 50
Edison Elec. 111. o f N. Y ............100
Edison Elec. 111. o f B rook ly n .. 100
Erie Telegraph & Telephone ..1 0 0
Interior Conduit & In s.............. 100
Laclede G as.................................. 100
Preferred....................................100
Maryland Coal, p re f....................100
Michigan-Peninsular Oar C o ... 100
Preferred...................................100
Minnesota Iro n ............................ 100
National Linseed Oil C o............ 100
National Starch Mfg. C o........... 100
New Central C oal.........................100
Ontario Silver M ining................ 100
Oregon Im prov’t Co. tr. rectS-.lOO
Pennsylvania C oal...................... 50
(quicksilver M ining..................... 100
P referred....................................100
(Texas P acific Land T rust.........100
U. 8. Cordage, guar., tr. certfs.100
U. 8. E xpress................................100
U. 8. Rubber p referred .............. 100
W ells. Fargo E x p r e s s ................100
150
39
m s
195
1%
131%
2
158
30^
97%
Range (sales) in 1896.
Ask.
152
41
Highest.
Lowest.
146
Jan.
150% Feb.
110
Jan.
115 " j a n
95 Feb.
91 Jan.
23 3g Mar.
18ia Feb.
% Feb.
ia Feb.
96% Feb
9 5 ®8 Feb.
4% Jan.
1 % Apr.
2%
34% Feb.
2 3 Jan.
100
98 Feb.
9478 Feb.
3
43s M ar.
lia Jan.
162% Apr. 162% Apr.
32
30 Mar. 3 1 M ar.
27 Apr.
26 Apr.
9'8’4 89 Jan.
98% Mar.
62%
35
29%
86%
58% Apr.
35 Feb.
128 5g 2 9 1« 18% Jan.
85
82
78 Feb.
60
40
59%
170% 70 3s 53
15
17ia 19
8
5
4%
7
8i*
7
15
14
8
2
4
1
320
325
2
1%
1^8
15
5
121i« 22
17
38
148
84
83
100
97
Jan.
Feb.
Mar.
Apr.
60 Feb.
Feb.
Jan.
72 Feb.
Mar. 20% Jan.
6% Feb.
Jan.
Mar.
8 78 Feb.
15 Mar.
Jau.
Mar.
4% Jan.
Apr. 326 Apr.
2 Jan.
Apr.
Jan.
Jan.
Jan.
Jan.
Jan.
7 "F eb .
2458 Feb.
48 Apr.
89 Jan.
101 Feb.
t Actual sales.
NEW TORE STOCK EXCHANGE P R IC E S .-S T A T # BONDS A P R I L 2 4
SECURITIES:
SECURITIES.
Bid.
Ask.
Alabama—Class A , 4 to 5 . . . . . 1906
Class B, 5 s ..................... .....1 9 0 6
Class C, 4 s ..................
1006
Currency funding 4 s............ 1920
Arkansas—6s, fund,H oi. 1899-1900
do. N on-H olford
7s, Arkansas Central R R j___ ...
Louisiana—7s, co n s........... —. x914
Stamped 4 s . . . . . .............................
New conols. 4s....................... 1914
106
106
106% Missouri—F und...............1894-1895
North Carolina—6s, o ld .......... J&J
Funding a c t ............................ 1900
New bonds, J & J .........1892-1898
Chatham R R ..................................
Special ta x , Class I ......................
Consolidated 4 s..................... 1910
6 s...............................................1919
South Carolina—4%s, 20 -40.. 1933
6s, non-fund............................ 1888
98%
100
100
New York City Rank Statement for the week ending
April 18, 1896, W e om it tw o ciphers (00) in all cases,
Banks ,
(00s omitted.)
Specie.
Legcds. Deposits
,
.
.....
.........
SECURITIES
Bid
"
.................................,,..1 9 1 3
::::::
85%
87%
4% a.................. 1913
do
103
122%
1C6
Ask.
Virginia funded debt. 2 -3 8 ...1 9 9 I
6s, deferred t’ st reo’ts, stam ped.
61
5
5%
Capital <3c
Surplus.
Loans.
LeQals. IDepositsa \Oirc’l'n.
Specie.
$
(
$
$
$
$
N. Y.*
Mar. 21.. 133.950.0 467.526.3 58.515.3 82,541,9 488,058,1
“ 28.. 133.956.0 464.996.4 58,931,9 79,709,4 482,215,5
“ 4,. 133.950.0 465,224,9 59,251,6 78,203,3 481,795,7
Apr. 11.. 133.956.0 465.012.4 58,835,0 79,884,1 483,151,4
“ 18.. 133.956.0 466,219,8 58.629.4 80,524,2,484,057,0
B o s .’
5.214.0 134,819,0
Apr. 4.. 09.351.8 158.697.0 8.531.0
11.. 69.351.8 159.219.0 8.494.0 5.337.0 136,157,0
“ 18.. 09.351.8 158.837.0 8.597.0
5.967.0 139,076.0
P h ila . *
98,137,0
Apr. 4.. 35.263.0 103.561.0
27, 60.0
100,218,0
" 11.. 35.263.0 103.080.0
28,2 20.0
“ 18.. 35.263.0 104.052.0
102,743,0
29,” 13,0
* We omit two ciphers in all these fl.Qu.res. t Including for
delphla the item '* due to other banks.”
$
14.198.0
14.216.0
14,254,5
14,341,3
14,351,9
553.320.2
485.144.2
527.449.1
524.401.1
556.906.2
9.802.0
9.898.0
9.847.0
95.056.1
91.497.7
90,130,4
$
6.660.0 58.720.2
8,639,0 62.504.7
0,684,0 67,699,9
Boston and Phila
Miscellaneous and Unlisted Bonds :
Miscellaneous Bonds
Boston Un. Gas tr .certs., os.
Ch. Jun.& 8. Yds.—Col. t.g.,5s ........
Col. C. & I. Devel. gu. 5s.......
Colorado Fuel—Gen. 6s.........
Col. & Hook. Coal & I.—6s, g.
Cons.Gas Oo..Chio.—1st gu.Ss 84 %a.
Consol. Coal conv. 0s............. 95 1).
Det. Gas con. 1st 5s................ 77%b.
Edison Eleo. 111. Co.—1st 5s . 107 b.
1st consol., gold, 5s.............. 103 b.
Bo
of Bklyn., 1st 5s___
Equit. G.-Ly N. Y., cons. g. 5s.
Equitable G. <fe F,—1st 6s. .. *97 b.
Henderson Bridge—1st g. 0s. 111 b.
85 b.
Illinois Steel deb. 5s..........
85 b.
Non-conv. deb 5s.........
Int. Cond. & Ins. deb. 6s..
M is c e lla n e o u s B onds.
Manhat. Beach H. * L. g. 4s.
Metropol. Tel. & Tel. 1st 5s..
Mioh.-Penln. Car 1st 5 s ...._
Mutual Union Teleg.—es g ..
N. Y. & N. J Telep. gen. 5s..
Northwestern Telegraph—7s.
People’s Gas & C. ) 1st g. 6s.
Co., Chicago---- i 2d g. 0s.
1st cons. g. 6s.....................
Pleas. Valley Coal—1st g. 6s.
Sunday Creek Coal 1st g. 6s..
U. S. Leather—8. f.deb., g.,6s
Western Union Teleg.—/* ..
Wheel.L.E.&Pitt* Coal 1st5s
U n listed B on d s.
Am. Spirit Mfg.,1st, when iss
Comstock Tunnel—Ino. 4s..
108 b.
107 7«b.
*108 b
*106 b.
*105 %b.
99 %a.
100 b.
l l l 7s b .
*70 %a-
6 b
Notb.—“ b” indicates prioe bid; *a ” pnoe ashed. * Latest price this week
Bank Stock List—Latest prices this week.
BAN KB.
America......
Am. E xoh...
Bowery*...
Brooklyn....
Butcks’t&Dr.
Central........
Chase...........
Chatham......
Chemical ...
City..............
Citizens’ ......
Columbia__
Commerce...
Continental.
Corn Exch..
East River..
11th Ward...
Fifth Ave,...
Fifth*...........
First..,.,.......
First N., 8 . 1.
14th Street..
Fourth....... .
Gallatin........
Bid.
320
168
275
230
135
120
Ask.
145
450
300
4000
500
130
185 195
202
130
286
135
200
140
2900
250 275
2800
115
170
180 185
290
BANKS.
Garfield........
German Am.
German S x ’
Germania.
Gioenwich .
Hnd. River..
Ira. & Trad’s’
Leather Mfs’
Manhattan..
Market* Ful
Mechanics’ ..
M’chs’ & Trs’
Morcan t ile ..
Merch -uts’ ..
Merch’ ta Ex
Metropolis..
Mfc. Morris..
N. Ams’dam
Now Y ork..
N.Y. Co’ ntv.
Bid. Ask.
425
H3
330
3S0
100
310
15C
535 540
137*3
165 175
680
207
200
189 192
125 130
180
134
110
415 430
115 130
145
190
234 240
800
(*Not listed.)
BANKS.
Bid. A i k
N Y . Nat. Ex 100
N in th ........... 112
19th Ward.. 120
N.
Oriental___ 185
Pacific........ 18C
Park............
People’ s __
Phenix....... iosT
Prod. Ex.*.. 115
Republic__ 147
Seaboard... 167
Second....... 400
Seventh ... 100
Shoe* Le’th 95
Southern... 100
Stateof N.Y. 108
T hird ........ U 5
Tradesman’ 95
Union Sq.* 185
Union........ 200
Un’d State 175
Western .. 110
W«at. Side. 275
137
]£5
273
112*
....
155
47ft
113%
1
1
Bank ol New York., $ 2 , 000,0 $1,954,3' $11,650,0 $1,230,0 $1,740,0 $10,840,0
Manhattan Co......... 2.050.0 2.096.0 13.347.0 1.307.0 2.737.0 14.398.0
8,517,3
932.5
1,511,4
990.5
9.350.3
Merchants’ .............. 2 , 000,0
8.855.0 1.006.0
2 ,000,0 2.125.5
1.023.0
7.347.0
Mechanics’ .............
America................... 1.500.0 2.339.6 15.123.8 1,159,6 2,822,9 16.438.0
218,0
3.729.0
346.7
824.0
3.493.0
Phenix..................... 1, 000,0
1, 000,0 3.297.6 22.562.8 8,466,4
3.358.3 29.585.5
City........'................
1.951.6
750.0
191.2
78,3
283.8 1,919,6
Tradesmen’s...........
300.0 7.423.1 22.867.5 3.289.2
3.916.8 22.433.7
Chemical...............
792.2
158.7
600.0
3.888.1
Merchants’ Exch’ge
4.352.5
407.1
5.819.2
582.1
825.0 4.326.0
Gallatin National... 1, 000,0 1.664.2
221,4
1.436.3
300.0
151.8
209.8
1,452,9
Butchers’&Drovers’
400.0
327.6 2.380.0
302.0 2.370.0
180.1
Mechanics’ & Trad’s
973,2
179.2
200.0
179.4
932,5
136.0
Greenwich..............
600,0
499.3 3.529.4
655.5
207.9
3.212.8
Leather Manufac’rs
1.710.0
99.7
300.0
203.2
273.5
1.940.6
Seventh National...
3.370.6
51,9
520.8
438.8 2.433.8
State of New York.. 1 .200.0
23.852.0
0
523.0 2.917.0 16.473.0
American Exchange 5.000. 2.466.5
449.1 3.517.9 15.774.2
21.940.5
5.000. 3.554.4
0
Commerce.............
1.000. 0 1.601.4
5.120.0
867.8 4.674.2
829.6
Broadway............571.2 1.855.6 7.300.2
950.0 0,880,1
1,000,0
Mercantile.............
422,7
434.0
3.008.2
478.8
488.8 2.465.0
Pacific.....................
851.4 10.086.8 1.646.2
1.364.7 11.027.5
Republic................. 1.500.0
450.0
984.8 5.073.8
060.9
1.008.3
5.684.9
Chatham.................
200.0
239.1
259.3 2.071.2
2.535.0
303.1
People’ s .................
700.0
561.6 5.225.2
5.095.2
701,7
504.7
North America......
Hanover............. ... 1 0 0 0 ,0 1.922.3 13,515,4 3.214.1 3.773.3 18.725.0
500.0
355.4
339.7 3.010.0
2.857.0
410.6
Irving......................
553.4
600i0
352.4 3.150.9
383.1 2.630.0
Citizen’s ................. .
278.4 2.434.5
500.0
203.1
518.6 3.010.0
Nassau.....................
3.974.5
750.0
352.3
811.7
920.0 4.131.9
Market & Fulton...
405.4 3.182.7
410.0
65,0 3.112.0
■hoe & Leather...... 1, 000,0
745.0
7.608.0
Com Exchange...... 1, 000,0 1.145.6 7.081.1 1.214.0
235.8 5.437.6
637.3
1. 120.0
6.057.8
Continental............. 1, 000,0
300.0
1.786.0
143.3
408.6
462.7 1.782.0
Oriental ................
Importers ^Traders' 1.500.0 5.547.9 19.443.0 3.765.0 2.973.0 20.459.0
Park......................... 2 , 000,0 3.171.2 23,464.7 3.712.3 5.654.2 28.478.3
250.0
117.2
1.173.7
135.7
178.9
1,068,6
East River..............
Fourth National— 3 200.0 2.006.9 17.438.0 1.516.0 2.803.8 16.759.3
474.9 8.279.0
146.0 2.511.0 9.289.0
Central National.... 2 ,000,0
630.0 5.181.0
300.0
800.0
1.028.0
6.306.0
Second National....
360.2 3.101.9
750.0
379.7
719.5 3.561.9
Ninth National
500.0 7.146.9 21.891.1 1,000,4 4.136.9 20.015.8
First National.
235.2
1 , 000,0
7,979,5 1.415.3
851.4 8.939.9
Third National.
155.9
73.7
300.0
1.515.1
247.2
1.468.8
N.Y.Nat. Exchange
571.7
250.0
2.778.0
401.0 3.093.0
Bowery...................
467.0
425.3 2.943.8
200.0
648.1
163.2
3.456.4
New York County..
302.8
268,6
750.0
2.723.8
357.4
2,5^9,7
German \merican
Chase National...... 1 500.0 1,339,8 15,025,9 1.711.0 3.197.6 17.896.3
7.155.7 1.047.2
1.173.4
8,2(4,5
Fifth Avenue. ... | 100,0 1.085.2
2.640.2
301.4
625.6
200,0
521.4
G erman Exchange..
3.220.3
2.831.9
051.6
200,0
669.7
300.7
Germania...............
3.870.0
544.4 5.023.8 1.018.2
500.0
404.3
5.599.0
(Jolted States.........
0,068,8
764.8
591.1
300.0
713.9 0,403,8
Lincoln...................
045.2 4.077.2
845,6
439.9
200.0
Gartield........ ...........
4.814.5
213.4
310.6 ‘ 1,738,8
200,0
Filth National........
1.902.3
325.7
805.5 4.314.8
300.0
881.1
1.142.7 6,908,2
Bank of the Metrop.
306,0 2.343.0
213.0
200.0
374.0 2.437.0
West Side...............
5.646.0 1.019.0
250.9
662.0 6.670.0
500,0!
Seaboard..................
1.830.0
335.8
200.0
224.0
200,0
Sixth National___ .,
1.581.0
317.3 2.018.9 11.389.5
Western National... I 2,100,0' 307,5 10,910.0
850,0
a 5.194.0
535.0 5.347.0
First Nat. Br’ klyn.. 1 300,0'
42.2
1.900.1
500,0
440.0
1.694.0
Southern National..
7.681.9
401.2
1.557.3
Nat. Onion Bank.... 1 ,2 0 0 ,0
7.503.5
1.791.3
18.3
389.5
Liberty Nat. Bank. i 500,0
1.617.0
3.472.3
498.2
N.Y. Prod. Exch’ge 1 ,000,0
249.5
2.876.9
Total
— 61.122.7 72.8.'33,3 466.219,8 58,629.4 80 524.2 484,057,0
Ask.
New York City, Boston and Philadelphia Banks:
Ban ks .
Capital Surplus| Loans.
Bid.
_,
........
THE CHRONICLE
A pril 25, 1890,J
BOSTON, PHILADELPHIA
Active Stocks.
f Indicates unlisted.
769
AND BALTIMORE STOCK EXCHANGES.
S5P1S t a r e P r i c e * — a o t P e r C e n t u m P r i c e * .
Saturday,
A pr. Is .
Monday,
Apr. 20.
Tuesday,
A pr. 21.
Wednesday,
Apr. 22.
Thursday,
A pr. 23.
Friday,
Apr. 24
Sales
o f the
Week,
Shares.
R ange o f sales in 1896,
Lowest.
Highest.
16% 16%
16% 10%
16%
A ft* . T. A 3. FeM&wtorai-lOO 16
18% 16%
12% Jan.
17% Feb. 24
h
Atlantic A Pac.
**
100 *
%
%
■49 Apr.
......
%
% Feb. 24
18%
*i0% uni*
16
16
13 Mar.
44% Jan. 27
Baltimore A Ohio (BaffJ.lOO, *
67
67
67
67
70 Jan. 2
Balt. City Paas'ger “
26
65 Feb.
is % 187g 18% 18%
18*9 19
18% 18%
Baltimore Traction “
25
16 Jan.
19% Apr. 16
185s 18%
IS A 1S78 13% 18%
18% 1S%
19 A p r. 17
Baltimore Trao’ nlilPAiL). 25
13% 13%
15% Jan.
___
21*5" 210 210 210
’208 210
217 Jan. 28
Boston A Albany (-Boston). 100 *208
204 Jan.
206% 206% 208% 207
207 217
Boston A Lowell
“
100 *i06
202 Jan.
207% Apr. 24
165% 166
TOO .....
16d 186
162 Jan.
Boston A Maine
“
100 165%. 165%
171 Feb. 19
10
" 0 % .....
10
*10% I t
13
1 2 % Mar, 10
Centra! of Mass.
**
100 n o
10 Mar.
55
*54
55
*51
55
50 Feb. 28
i referred
“
100 *54
53% Mar.
"80% 81
79% 79%
C i c. Bar. A Quin. •<
100
81
81%
30% 93%
82% Apr. 24
72 Jan.
77% 78% 78% 78%
77'-% 76
O ilo M il.* St. P. (PAtf.).lOO 76% 77
78%
64 Jan.
79% Feb. 24
6%
6%
6%
6% 6%
Oho O. AG. vot.t.e- •'
50
7% 8%
1 2 % Jan. 2
4 7e Aur.
25
30 Jan. 2
O t t t t Bjr.Mtlndli “
100 '24% 2 6 * '2 1
21 Mar.
T i " 94
94
95
91% * 9 1 % **9*4%
67 89 Jan.
Fltohbure p ru t..(B oston ).100 '9 4
97 Feb. 10
31% 35
35
M s 31%
31% 36
34% 34%
35
992 34 Mar.
Lehigh T alley .. (P h ila .). 50
39% Jan. 30
133
Maine Central {Boston). 100 *133 134
45 133% Apr.
136% Jau. 3
105 i.06 ‘ 105% 105% ioe~ i06
880 94% Jan.
M etropol'a Trae.6 (Phit).X0Q 105% 105% 106 106
108% Feb. 6
10 % 1 0 %
10 % 1 1 % 11
Mexican Oent'1 ( Boston) .100 *10% ........
3,127
11%
8% Jan.
12 % Feb. 24
N ew England___
*•
100
51 Jan. 28
40% Apr.
‘ 76
80
80
80
‘ 78
80
77 Apr.
“
100 *76
P r e fe r ie d ........
85 Jan. 28
69% 69% •69% 70
.......
70
Northern Central (B a ll.). 50
30 67% Jan.
70
Feb. 14
18,471
1%
1% 1%
1%
1%
1% Apr.
Northern Pacltte (Phitu.)XQO
1%
5 Feb. 28
1% 1 %
1%
1%
12
1 2 % 11% 11 %
17% Mar. 9
12
11
11%
12 %
Preferred
•*
100 10% 10%
3,305
9 7g Apr.
177 177
177% 173
T77
Old C olon y.. ...(B o s to n ). 100 *176 177
178 Jan. 16
115 175% Jan.
54% 54%
54% 51%
51% 54%
P enn sylvania...(P h ila .). 50 54% 54%
54% Apr. 23
3,197 50% Jan.
5 1 % 54%
8%
83.
0%
6%
6%
5%
Phil. A Reading, t
“
50
19,024
1 % Jan.
«%
Jan. 30
69** f t
69% 70
09% 70%
09% 69%
69
69 5
Fbiladelph. T rie ,
"
50
5.323 62 Jan,
7 k Feb. 21
9% 10
9%
9% 9%
9%
*8%
10 Apr. 21
Union P a c ific ... ( B oston ).X00
2,195
3 Jan,
15% 15%
15% 15%
10% 1 ^
Union Traction. .(P h ila .). 50
16% 17%
27,193 10 Jan.
15% 17%
17% A pr. SO
S I ltc e lfa a r o Q i s to c k * .
124’ s 126% 124% 126% 121% 125%
126% Apr. 21
Am.Sug’ r Relln.r (B oston)___ 123% 125%
103 103% 103% 103% 103% 103%
102% 102%
P referred ........
“
103% Apr. 23
204% 206% 205 200% 206 206%
207 Mar. 30
Beil T elephone..
•*
100 205 205
7'*9 75 %
76% 76%
76% 76
81 Feb. 25
B oer A Montana.
"
25 73% 70
*2 .....
*2 ......
•2 __
*2
13% Jan. 31
Batte A Boston..
*•
25
305 305
310 Mar. 4
305 305 *305 310
Oalumet A Heela
“
25 307 307
65
*03% 05%
Canton C o ...........(B a ll.).100 -63
61% 65
Consolidated Gas
••
100
0-1% 8 1 % 64% 04% I 64% 05
01% 64%
388 55% Jan. 20 66 Apr. 2
33% 33%! 34
34
31
31%
3,123 24 Jan. 7 36% Apr. 15
33
33%
31% 31%
Blee-Stor. B a fy lf (PAifa.). 100
35
35
455 25 Jan. 7 38 Apr. 16
31% 35*1
35
35
35
35
35% 35%
Preferred %
100
60% 60% BO
60% 60%
m
001
282 59% Apr. 11 63 Jim. 31
60
Erie Telephone. (Boston). 100
38
38
38
33
810 22% Jan. 6 39% Mar. 13
General ElecUle.
"
100
37% 37%
37% 33
*77
79
77% 77%
•77
79
50 50 Jan. 8 78 A pr. 14
76
Pre tarred.........
“
100 *76
20
20
20
19% 19% 19% 20
47 18 Jan. 7 20 Apr, 22
Damson StoreSer.
•'
50 *19
*2% 42% 12 % 12 % *12
43
42%
12% 42%
LakPh CoalANav. (P h ila .) 50 •42
88 41 Mar 25 40% Feb. 8
87% Jan. 23 90 Feb. 10
90
90
N. E. Telephone (Boston). 100
13
13%
9 Jan. 7 11% Jan. 17
5.731
Pa-Hea c, I ,A Pow (Phila, /
12% 12%
12% *12% *1*2% 13% IS** T l % "l3 * ‘ *13%
70% 70%
7C% 71%
71
71
71
71
2.633 66 Mar. 2 81% Jan, 2
71
71%
UnJt'dGaaliap.'!
*•
50
60 46 Jan. 8 67 Feb. 17
Weisbaeh Light 5
"
5
58% 59%
15
2% Feb. 14
1% Jan. 25
200
... 2%
*
West End L a n d .. ( Boston) . . . .
Bid and asked price*:! no sale was made.
t Trust reoei p tt, *2% pd. ? Hoilil ay la Boston,
14
1*8 2
*Inactive Stock*.!
Prises o / A pril 21
Atlanta & Charlotte iB o «.).1 0 0 !
Boston A Providence (Bouton).100:
Camden A Atlantic p !. {Phila,). 50
Catawissa....................
50
50
1st p referred ..........
*•
Central Ohio................. (Halt,) 50
Chicago A West Mich.(Boston; TOO
100
Connecticut A Pa**..
•*
lo o .
Connecticut R iv e r...
••
Consol. T om t o f X.J.*i{Phila.) TOO
D elaw areA B oondB r.
**
100
Flint A Pare M arti-..(Boston) TOO
Preferred----------------“ 100
Heaton vllle Passeog. (Phila.) . 50
50
Preferred f .................
"
50
K n o t A Broad T o p ,..
**
Preferred.....................
**
oo
Kan. C’y FAS. A Metn.CBo#to»).l(K>
Preferred..................
"
100
Little Schuylkill.........(Phila.). 50
Mine HUi & 8,H aven
•*
50:
N esq n eb o n ln g V a l...
**
50
North American C o..
"
100
Horth Pennsylvania.
"
50
Or.Bh.LSnelstasat.cdfJrosfonLHKi
P ennsylvaulaA N . W. (P h ila .). 50
PhliadeL A Erie------••
50
Bid.
1%
52
40
A»k.
2%
In a c tiv e t t o c k * .
Bid
Boston United Oa*. 2(1 m. 5 s ..1939 8 33 :
Burl.A Mo. River E x e n p t 6«, JAJ S lid
j Non-exem pt 6a.------- 1918, JA J J l0 6 % :
Plain 4*......................... 1910, JAJ J 97
45
Ask.
B onds.
People's True, treat certs. 4a,,1913
Perkiomen, 1st tier.,5s.1918, Q—J
Phila. A Eriegen. M. Sg.,1920, AAO
Gen. m ort,, 4 g . . . . . . . 1920, AAO
Phila A Read, new 4 g.. 1958, JAJ
1st pref. Inoome, 5 g, 1958, Feb 1
2d pref. Inoome, 5 g , 1958, Feb. 1
3d pref. Inoome, 5 g, 1958, Feb. 1
2d, 6*............................1933, AAO
Consol, m o rt.7 s ........ 1911.JA D
Consol, m ort. 6 g ........ 1911, JAD
Im provem entM . 6 g .. 1897, AAO
Con. M.,5 g.,stam ped,1922,M AN
Terminal 5s, g . . . . . . 1941, Q.—K.
Phil, Wilm. A B a lt, 4 s .1917, AAO
Pitts. C. A 6 t U , 7a....1 9 0 0 , FAA
Rochester Railway, oon. 5s ..1 930
8cU uyl.R .E .8M «.lit5 g.1935, JA D
Union Terminal 1st 5 s . ......F A A
i! D e b e n tu re s# — .......18 90,JA D ;!
Chic. Bart.A Quincy 4s 1922, FA A
*1*4*2** ! Iowa D ivision 4 # ,....1 9 1 9 , A A O :
141
240 250 ; Chio.A W.Mieh. gen. 5«, 1921, JAD
Consol. o f Vermont, 5*. 1913, J A J .
24% 25
162% . . . . . . Current saver, 1st, 5*..1927, AAO i
13
12
Det. Lans. ANorin M. 7S.1907, JAJ 1 2 1 60
40 1 42
Slattern 1st tnort 6 g .l9 0 6 ,M A 8 .. 5 3% 130
g 1130
AS
47
f ree.Klk. A M .V ..t*!. 0S.1933, end.
€0 i Ul i Unstamped. l i t , 6s, 1933............ !
i 75
28 ; 30 tK.C. C.A anting.,! «t Jig.,1925, AAO
02% K a F.6. A M. e o n .6 », 1928, MAN
95
K .C .M e m .A B !r.T «t,2 «,1 9 2 7 ,M A 8 i
15 j 17
i 05
5o
00
K.C. 8 t. J o. A C. B ., 7 s.. 1907, JAJ '
T * * A t la n t a lfe S fif.'X s t ^ s f1 9 0 7 ,JAJ
03% 64% L. Rock A Ft 8., 1st. 7 s .. 1905, JAJ
09
68% L ouis.,E v.A 8t.L .,l»t,0g.l926,A A O
Baltimore Belt, 1st, S s.1990, MAN
Balt. C. Pass, let 5 e .. .. 1911, MAN
55 : 2m.. 5—0 g ................. 1936, A A O ,
......
Balt. Traction, 1st 58..1B29, MAN
Mar. H . A Ont., 6s....... 1925. AAO l85
M exican Central, 4 g . ..1 9 1 1 , JA J $
Exton. A irnpt. S 8 ....1 9 0 1 , MAS
80
7%
8
1 st oonsol.Income#, ,2
2 g,
g, non-eum
No. Balt. Dtv., 5a....... 1942, JAD;
........ . ..........
....
2d
_.. consol.
.H H . Income*.
___
.. 3».
3a, non-cnm
Baltimore A Ohio 4 g „ 1935, AAOi
20
Pitts. A Conn., 5 g ...,1 9 2 5 , FAA
P.Utl » d . .................... (Boston). 100
2
3 „ _________ ___________
____
Btaten Island, 2d, 5 g.1926, JAJ,
P re'srred .....................
'• 100 70
72 : Ogden. A L .C .,C o n .8 s...l9 2 0 ,AAO
BaL AOhlo 8. W .,lst,4% g.l99 0, JAJ
S m thern............................ (B a lt,). 100 9% 10%
T n c.es................................. ...1 9 2 0
C apeF.A Yad.,8er.A .,6g.l916, JAD:
Preferred.......... .
••
100
31% 32
B n tland, 1st,0 s............ 1902 MAN
Series B .,6 g ............ ;.1 9 1 0 , JAD
West End............................ (Boston). 50 71% 71%
2d, 5s........................... 1 8 9 8 ,FAA
Series C., 6 g ....... .....1 9 1 6 , JAD
P referred ....................
**
50
90
Cent. Ohio, 4% g . . . . . „ . 1 9 3 0 , MAS
United Cos, o f N. J .. (P h ila .). 100 240 2 ^ A t l J t f e ^ r i M ' ^ A J f
, 104% C ent Pass., 1st 5s....... 1932, MAN
West Jersey...................
"
50
64 ...........; Buffalo Ky. con. 1st, 5 # ...........1931
Chty A Sub., l i t 6e.........1922, JAD
West Jersey A A tian.
••
50
21
tAtawtssa, A L ,7«.........1 9 0 0 ,FA A
C hari.Col.A A ug.ext.5s.1910, JAJ
Western N.Y. A Penn
•*
100
2% Choc. OkU. s Gulf, prior Hen 0s. J
C oi A Greeny., 1st 5-0S.1917, JAJ
Wisconsin C entral...(B oston ). 100
3% c i i l a i , . ' -t.R y .of Ind.,oon,5s.l933:
80
Ga. Car. A Nor. 1st 5 g „ 1 9 2 9 , JAJ
P referre d ...........
“
100
15 j Columb. » t Ky.. 1st, con. 5 a . 1932'
Georgia Pao., 1st 5-0S...1922, JAJ
WortfsLNash.ARcHsh.
**
100 112 118 ! Colamb. O. Cnisstown, lst.5s.1933:
North, Cent, 6a................ 1900, JAJ
M1SCKLLABKOOS.
; Consol, Tract, of N. J., lst,5«.1933! 83%; 81%
0a....................
1904, JAJ
Allones M In's.
in'g, asst p df
d f Boston;. 28:
%
% Dei, A B’d B r'k. 1st, 7 s .19 05,FAA 1 2 3 % .........i Series A , 5 s.................. 1926, JAJ
in n in g ......
Atlantic Mi)
18
18%, Easton A Arc. latM .,5s. 1920, MAN! ____ .1 1 0 %
.1925, AAO
4 % s ..
9
.1% Kiev. A P eople's True, stock, tr. c tf»1 ....... .:.......... Plndm .ACum ,,1st, 5 g . 1911, FAA
a sTf _____
B ay State G
Gas
Boston 1A n d . . . . . . . . .
••
10 :
3%' 4
Kltuir. A WUm„ 1st,6». 1910, J.v.f. 120 i....... . Pitts. A Connells. I8t78.1898, JAJ
Centennial M ining...
**
10 •15
*50
HestouvUle M. A F., eon. Ss.,1924: 111% 112% Southern, 1st 5 s..............1994, JAJ
Fort. Wayne Elects.?..
**
25
1
2
Hunt. A B r*d T op ,C on .5 «.’95,AAO
104 105
Virginia M id., 1st 6 s . ..1900, MAS
U
11% Lehigh N a v ,4 % s...........1 9 1 4 ,Q - J 110% ’ .........II 2d Series, 6 s.................. 1911 MAS
Franktln M ining____
“
25
Prenclmi’ n'sB ay L 'd .
**
5
1
1%
2d 0s, gold...................1897, JAD 100 .........: 3d Series, 6s................ 1916.M A 8
Illinois Steel..................
"
100
73
74
General m ort. 4 % » ,g .1 9 2 4 ,6 —F
4th Series, 3-4-5s.......1921, MAS
Keatsarge Mining___
«
25
11
11% Lehigh VaLOoal let 6a,g. 1933,JAJ
99 : 5th Series, 5 «..............1926, MAS
Osceola M in in g .......
**
25
26
20% :L ohlgh Valley, 1st 6 s ,..1898, JAD 107% .
West Va C.A P. 1 s t ,6 g .1911, J&.?
Pullman Palace Car.
»
100 162 ,163 1 2d 7#............................ 1910, MA8
W.-ri'L N.C. Oonsol, 6 g .1914, JAJ
F en n sjlvan l* Steel,. (Phila,).U x)
25 : 27 ;l Consol. 6 ..................... 1923, JAD i s i .122
WUm. Col. A Aug., 0 s.. 1910, JAD
Preferred 5 ................
<* lo o : 55
MtSOBUJlNEOOS.
57
Newark Passenger, oon. 5 s „ .1930 101
Quinsy Mining.......... ( Boston). 25 118 111* North Penn. ls% 7 s . . . . 1896, Ma n 103% . ^ . . . Baltimore Water 5 s ... 1910, MAN
fsin arack Mining___
«
25
91
96
Gen. M. 7s..................... 1903, JAJ
Funding 5a.__ ^ ...,.1 9 1 6 , MAN
,1 2 3
Water Pow er.................
"
100
l
1% Paterson Railway, consol. 6 s .........
E xchange 3 % s......... ..1 9 3 0 , JA J
Weetlngh. Klee. A M ..
“
so
29%: 30
Pennsylvania gen .6 s , r..!9 1 0 , Var 128%,129% Virginia (State) 3 s , n ew . 1932, J AJ
Pref., cum ulative.
"
eo
63
53%
Consol. 6s, 0
............ 1905, Var 1 1 9 % .........
Funded debt, 2-3s........1991, JAJ
Consol. 5s, r .................. 1919, Var 117% '......... ChesapeaiteGas.Os....... 1900, JA D
A t.fo n y -. F T S o - fv i g.,1989. JAJ
7 0 V 80%
C ollat.T r. 4% g . . ....... 1913, JAD
Oonsol. Gas, 6 s................1910, JAD
2d 2% '4», g .. Class A .. 1989, AAO
26% 2 u%; Pa. A N. Y. C an al,7S ...1 906 .JA D 123
5 s ...................
1939, JAJ
fTamed Gas 1st 8s_____ ..
KonltaMe G a s .0 s ........ 1 9 1 3 .AAG
1
................
n
Price Includes overdue aoupons.
11 Unlisted.
And accrued Inters
Bid.
93 ! 93%
100% . . . . . .
117% 118
103% :.........
78% 8 %
31% 32%
19%) 20
17% 17%
120
117
102% 103
101% 102%
107
111%
102
100
102
105
118*4 119
90% 91
115 ......
109*4 110
104 104%
107% 108
100% 101
100%'101
73 ___
50 ___
49% 50%
98 ...._
HO 112%
100% 109
105 105%
110
85% 85%
109%
115
113
103
101
103
93%
110
112
112
90
100
107%
113
115
118
i ii
102
103%
94
__
100%
108
113%
120
104% 103%
...... 72%
61% 61%
113% 113%
104 101%
THE
770
C H R O N IC L E .
[VOL. LAI1.
NEW YORK STOCK EXCHANGE PRICES (Continued ) — A C T I V E B O N D S A P R I L 2 1 A N D F O R Y E A R 1896.
ILROAD AND
M is c e l l a n e o u s B o n d s.
Olosing Range (sales) in 1896.
Int'st
rice j ---------------------- —
Period A P
pr. 24.
Lowest.
Highest.
Amer. Cotton Oil, deb., 8g. 1900 Q—F 1101-3 109 Mar. 111% Jan.
66 Jan. . 7178 Feb.
71%
Ann A rbor.—1st, 4s, g ...... 1995 Q—J
At. Top.& S.F.—100.yr.,4g.l989 J & J l .......... t69i2 Jan. It80% Feb.
t l9 % Jau. t28% Feb.
3-4s, Cl. “ A ” le t install. pcL’89 A A O t 26%
81% Feb.
72% Jan.
New geiL 4 s..................... 1995 A A O 8014
51% Feb.
4 2 13 Jan.
46
Adjustment 4 s.................. 1995 Nov.
24%b. 120 Jan. 127 Feb.
Col. Midland—C ons.,4g. 1940 F A A
1713b. 41% Fob. 50 A pr.
Atl. & Pac.—Guar. 4 s ....... 1937
94 Apr. 102 Jan.
Brooklyn Elev. 1st, 6 g — 1924 A A O 95%
95 % Mar. 100% Jan
Union Elevated.—6g — 1937 M A N 96%
F
A
A
97
Feb. 100% Mar.
B’ kly n Wlirf& W. H—lst,5s,g.’45
100=8
Canada Southern.—1st, 5s,1908 J A J 109iflb. 106 Jan. 110 Apr,
103
%
Mar. 106% Feb.
M
A
S
103i3b.
2d, 5s.................................. 1913
Ceut.Ga.S.&W .lst oons.,5sl929
110% Mar.
107%
Apr.
Central o f N. J .—Cons.,7 s, 1899 Q - J
Consol.. 7 s ........................ 1902 M A N 118% 115% Feb. 119% Mar.
119% Feb.
112%
Jan.
J
A
J
118%
General m ortgage, 5 g ... 1987
Loli.<& W. B.,con.,78,as’d. 1900 Q—M 104 b. 103 Mar. 106 Feb.
M
A
Ni
92% Mar.
90
Apr.
r
90
b.
“
m ortgage5s.l912
Am . Dock & Im p., 5 s---- 1921 J A J 113%b, 131% Jan. 114% Mar.
J
A
J
103%
Feb.
99%
Jan.
103 %b.
Central Pacific.—Gold, 68.1898
d ie s . & O liio.-S er. A , 6g.. 1908 A A O 115 b.
A
A
O
i
l
4
%
Apr.
117% Mar."
115 b.
Mortgage, 6 g ....................1911
Istcon sol., 5 g....................1939 M A N 110 % 104% Jan. H I Apr.
78% Feb.
68% Jan.
General 4%s, g ....... ......... 1992 M A S 75%
96 Feb.
R. & A. Div., ls tco n ., 4 g .l9 8 9 J A J 95 %b. 91% Jan.
85% Feb.
86 a. 82 Feb.
“
2d c o n .,4 g ..1989 J A J
Eliz. Lex. &Big. S an.,5g.1902 M A S 99 %b. 98 Jan. 102% Feb.
115% Jan. 119% Apr.
Chie. Burl. & Q.—Con. 7 s .l9 o 3 J A J 119
Debenture, 58................... 1913 M A N 101 %b. 97 Apr. 101 Feb.
Convertible 5 s..................19C3 M A S 101%b. 99% Mar. 104% Feb.
D enver Division 4 s .........1922 F A A 94%b. 94% Mar. 95 J an.
91% Feb.
91 b. 87 % J an.
Nebraska E xtension, 4s. 1927 M A N
Han. & 8t. Jos.—Cons.6s.1911 M A S 116%b. 116 Jan. 118% Jan.
Okie. & E. I l l .- l s t ,8 . f. 68.1907 J A D I15%b. 112 Jan. 115% Mar.
ConsoL 6g ..........................1934 A A O 123 b. 123 Jan. 126% Feb.
General oonsol., 1st 5 s.. 1937 M A N 101 b. 99 Feb. 102 Mar.
Chicago & Erie.—1st, 5 g ..l9 8 2 M A N 110%b. 105% Jan. 112 Feb.
92%
A
93% Feb.
90 Jan.
Chic. Gas L. & C.—1st, 5 g .. 1937
A
128%b. 123 Jan. 128% A pi.
Chic. Mil.&St. P.—Con.7s.1905
115%b. 115 Jan. 115=8 Mar.
1st, Southwest Div., 6 s ..1909 J
116%b. 112% Jan. 116 Apr.
1st, So. Minn. Div., 6s. .1910 J
113%b. 110 Jan. 114 Apr.
lst.C h.& Pac.W . D iv .5 s..l9 2 1 J
109%a. 103% Jan. 109% Mar.
Chic. & Mo. R iv.D iv.,5s.. 1926 J
I l l b. 106% Jan. 112% Mar.
Wise. & Minn., D iv ,5 g ...l9 2 1 J
112%b, 108 Jan. 113 Mar.
Terminal, 5 g .............
1914 J
95% Apr.
92% Apr.
96
Gen. M., 4g., series A ---- 1989 J
Mil. & Nor.—1st,con.,6s. 1913 J A D 118% 115% Feb. 118% Apr.
139%b. 138% Mar. 141 Jan.
Chic. & N. W.—Consol., 7s. 1915 Q - F
Coupon, gold, 7 s .............. 1902 J A D 118 b. 117% Mar. 119 Mar.
8in km gfu nd, 6 s.............. 1929 A A O *115 b. 112 Jan. 116 Mar.
Sinking fund. 5s.............. 1929 A A O 108% 108 Jan. I l l Mar.
Sinking fuud,deben., 5 s.1933 M A N 111 % 107% Jan. 111% Mar.
25-year debenture, 5 s ... 1909 M A N 106 %b. 103 Jan. 107 Apr.
Extension, 4 s ................... 1926 F A A 102 % 100 J an. 102% Apr.
Chic. R .I.& P ac.—6s, coup. 1917 J A J 126 b. 126 Mar. 126 Mar.
100 Jan. 104 Apr.
E xtension and col., 5 s .. .1934 J A J 104
97% Feb.
95 b. 92 Jan.
30-year d e b e n tu re ,5 s...1921 M A S
Chic. St. P. M. & O . - 6 s . . . 1930 J A D 126% 124 Jan. 127 Apr.
J
A
J
79
Jan.
t
80
b.
90 Jan.
Cleveland & Canton.—5s. .1917
Clev. Lor. & W heel.—5 s ... 1933 A A O 135 b. 106% Feb. 107% Mar.
119 Jan. 127% Feb.
U C. C .& L —C o n so l.7 g ,... 1914 J A D 125%
,125% Apr. 126% Apr.
General consol., 6 g .........1934 J A J 78
80 Jan.
C.C.C.&St.L.—Peo.&E.,4s. 1940 A A O 19 %b. 76% Apr.
Incom e, 4 s........................ 1990 April. *105 b. 18% Mar. 23 Jan.
94% Jan. 100 Jan.
Col. Coal & Iron—6g.......... 1900 F A A 100
Col. & 9th Ave. gu. 5s, g ..l9 9 3 M A S 112 %b. 111 Apr. 114% Feb.
Col.H. Val. & T o l—Con.,5g. 19 31 M A S 84%
90 Feb.
83 Jan.
A D 88 b. 80 J an.
90 Apr.
General, 6g ....................... 1904
Denv. & Rio Gr.—1st, 7s,g. 1900 M A N *113 b. 110% Jan. 114 Apr.
83 Jan.
90%
1st consoL, 4 g .................1936 J A. J
90=8 Apr.
97%
A J
98 Feb.
95 Jan.
Dul. So. Sh. A A tl.—5 g .... 1937
& J 94%
93 Feb.
Erie—4, g, prior bon ds___1996
95% Feb.
A J
64 Mar. 67 Apr.
66%
General, 3-4, g ............... 1996
Ft. W. & Denv. City.—6 g .. 1921 J A D t 66 %b. 64 Jan. f 70% Feb.
93 Jan.
Gal.H.&San.An-M."&P.D.lst,5g M & N 92 b. 91% Jan.
Gen. E lectric, deb. 5s, g . .. 1922 J & D f 93 a. 85 Jan.
93% Feb.
Hous. & T. Cent. gen. 4s, g.1921 A & O 71 %a. 68 Apr.
71 Apr.
Illinois Central.—4s, g ...... 1953 M & N 100%b. 99 J an. 102 Feb.
Western Lines, 1st, 4s, g . 1951 F & A 100 b. 101 Mar. 103% Jan.
Int.& GreatN or.—Ist,6s,g .l9 19 M & N 118% 115 Jan. 118% Apr.
71%b. 70 Jan.
2d, 4-5s............................. 1909 M & S
77% Feb.
90% Jan.
97
97% Apr.
Iow a Central.—1st, 5g
1938 J & D
60 Apr.
71 Jan.
K ings Co. E lev.—1st,5 g .. 1925 J & J
93 J an.
95
96 Jan.
Laclede Gas.—1st, 5s, g . .. 1919 Q—F
113 Jan. 117 Apr.
Lake Erie & West.—5 g — 1937 J <fe J 117
L. S h ore.-C on .cp., 1st, 7s. 1900 J & J 113%b. 112 Jan. 115 Jan.
Consol, coup., 2d, 7s.......1903 J & D 120 b. 118 Jan. 120=8 Mar.
Jan. 114 Feb.
Lex. A v. & Pav. F. gu. 5s,g.l9 93 M & S 112 % I l l
Long Island.—1st con., 5g .l9 3 1 Q—J 120 b. 117% Jan. 120 Feb.
General m ortgage, 4 g ... 1938 J & D
94%b. 93 Mar. 98 Jan.
Louis. &N ash.—Cons. 7 s .. 1898 A & O 104% 104% Apr. 108% Mar.
N. O. & M obile, 1st, 6 g ... 1930 J & J 117 b. 118 Jan. 119 Feb.
“
“
2d. 6g. 1930 J & J 102 b. 97 Jan. 100 Feb.
General, 6 g .......................1930 J & D 116%b. 114 Jan. 117% Apr.
Unified, 4 g ........................ 1940 J <fe J 79 %b. 71% Jan.
80% Feb.
Louis, N. A. & O h — 1st, 68.1910 J & J 113 b 111% Jan. 113 Feb.
Consol., 6 g ......................................1916 A &98O b. 99 Apr. 103 Feb.
96%b. 94% Apr.
Manhattan consol. 4 s ....... 1990 A & O
99 % Mar.
Metro. Elevated.—1st, 6g. 1908 J & J 118%b. 116% Jan. 119 Apr.
2d,6 s.................................. 1899 M & N 108 b. 106 Jan. 107% Feb.
Mich. Cent.—1st,cons., 7 s .1902 M <fc N 118 b. 117% Jan. 119 Jan.
ConsoL, 5s......................................1902 M108
A N b. 106% Mar 106% Mar. I
Mil. Lake Sh. & W.—1st,6g. 1921 M & N 130 %b. 129% Jan. 132 Aur. !
Feb. 114% Mar. 1
Exten. A Im p., 5 g .......... 1929 F & A 115%b. I l l
Minn.&St.L.—ls tco n .5 s,g .l9 3 4 M <fe N 102 b. 96% Jan. 102% Apr.
86 Jan.
Mo. K. & E.—1st 5s, g., gm.1942 A <fc Q| 91
94 Feb. I
N oxb .—“ b” Indicates prtoe bid; “
R a il r o a d a n d
M is c e l l a n e o u s B o n d s .
\Range (sales) in 1896.
InCst Closing
P r i c e -----------------------------------P eriod A pr. 2 4 .1 Lowest
Highest.
M. K. & Texas.—1st, 4s, g.1990 J
D 853sb.I 80 Jan.
87 Feb.
2d, 4s, g .............................1990 ^F & A
4
59%
53% Jan.
63% Feb.
Mo. Pac.—1st, con., 6g...... 1920 M & N 94% I 90% Mar. 97 J a n
3d, 7 s.................................1906 M & N 108%b. 108 Jan. 112 Jan.
Pac. o f Mo.—1st, ex., 4 g .l9 3 8 F <fc A 10178b. 101 Feb. 102% J a n
2d ext. 5 s.......................1938 J & J 105 b. 106 Apr. 106 A pr.
St. L .& Ir.M t.lstex t., 58.1897 F & A 100%b. 100 Feb. 102% J a n
2d, 7 g ..............................1897 M & N 103 b. 100 Jan. 103% Apr.
100*2 Feb. 101 J a n
Cairo Ark. & Texas, 7g .l89 7 J <& D 101
81% Mar.
Gen. R’y & land g r.,5 g .l9 3 1 A & O 79 b. 77 Apr.
Mobile & Ohio—New"6g. . . . 1927 J & D 118%b. 117 Jan. 119 Feb.
68% Feb.
General m ortgage, 4 s ... 1938 M & S 66%b. 62% Jan.
Nash. Ch. «feSt.L.—1st, 7 s.. 1913 J & J 129% 127 Feb. 129% Apr.
Consol., 5 g .........................1 9 .8 A & O 100 b. 99% Apr. 102 Feb.
95 J a n
Nat’l Starch Mfg.—1st 6 s .. 1920 M & N 93 b. 92 Jan.
N. Y. Central—Debt ext.4s. 1905 M & N 102 %b. 100% Jan. 103% Apr.
J
&
J
119%b.
118
Jan.
120%
Mar.
1st, coupon, 7 s ................. 1903
Deben.,5s, coup., 1884.. 1904 M & S 106%b. 105% Mar. 109 Feb.
M
<
fc
N
N. Y. & Harlem ,7s, r e g ..l9 0 0
R.W. & Ogd., consols, 5 s.l9 2 2 A & O 116%b. 116% Apr. 119*4 Feb.
West Shore, guar., 4 s ___2361 J & J 106 b. 104 J a n 106*s Feb.
N. Y. Chic. & St. L.—4 g . ..1937 A & O 103% 102 J a n 105 Feb.
N. Y . Lack. & W .—] st, 6 s .. 1921 J & J 131 b. 129 Jan. 133*3 Feb.
Construction, 5s.............. 1923 F & A 113%b. 112% Mar. 113*3 Apr.
N.Y.L.E.&W.—1st,con.,7g. 1920 M & 8 137 b. 135 J a n 140 Feb.
t66% J a n (75 Feb
2 consol., 6 g ..................... 1969 J & D
Long Dock, consol., 6 g.1935 A & O 130 b.
132 Apr. 137 Feb.
N.Y. N. H. & H.—Con. deb. ctfs A & O 133%
N.Y. Ont. & W.—Ref. 4s, £.1992 M & S 83 b. 88% Jan.
93*4 Feb.
Consol., 1st, 5s, g .......... .1939 J & D 109 b. 107 J a n 110 Feb.
93%b. 96% Mar. 100 J an.
N.Y.Sus.te W. 1st ref.,5s, g.1937 J & J
Midland o f N. J., 6s, g ...l9 1 0 A & O 114 b. 114 Apr. 118 Mar.
64%b. 60 J an.
67 Feb.
Norf.& W.—100-year, 5s,g. 1990 J & J
No. Pacific—1st, coup. 6g. 1921 J & J 117% 113% Jan. 118 Mar.
1114%
A
&
O
100 J a n 115% Apr.
General, 2d, coup., 6 g ..l9 3 3
82% Mar.
General, 3d, coup., 6 g ..l9 3 7 J & D t 76 b. 64 Jan.
51%
31% J a n I 51*3 Apr.
Consol, m ortgage, 5 g ...l9 8 9 J & D
94 Apr.
76% J a n
Col. trust gold notes, 6s. 1898 M & N t 93
Chic. & N. Pac., 1st, 5 g.,1940 A & O t 47% t37 J a n (4 8% Apr.
136 Mar. f 45 *3 Feb.
Seat. L. S. & E., 1st.,gu.6.1931 F & A t 44
No. Pac. & M ont.—6 g ........1938 M & S i- 3 9 % t2 6 Jan. (39*3 A p r
No. Pacific Ter. Co—6g . . . 1938 J & J 105 %b. 100 Jan. 105 Mar
Ohio & Miss.—Con.s.f., 7 s .1898 J & J 103%b. 103 J a n 104 Feb
94% Feb.
87% J a n
Ohio Southern—1st, 6 g ...l9 2 1 J & D 92 34
35 Feb.
General m ortgage, 4 g ..l9 2 1 M & N t 29 b. 25 Jan.
84 b. 80 34 Mar. 91% Jan.
O regonlm pr. Co.—1st 6 g .. 1910 J & D
Consol., 5 g ..................... 1939 A & O 23 %b. f 20 Mar. 36 Jan.
Ore.R.&Nav. Co.—1st, 6g. 1909 J & J 112 a. 105 Jan. 111*4 Apr.
Consol., 5 g ....................... 1925 J & D 196 a. f9 0 J a n t98 Feb.
Penn. Co. -4%g, co u p ....... 1921 J & J *111 b. 108% J a n 112 Feb.
Peo. Dec. & E vansv.—6 g.1920 J & J 101 %b. 101 Mar. 102 Mar.
Evans. Division, 6 g ....... 1920 M & S 101 %b. 101 Mar. 101 Mar
2d m ortage, 5 g ................ 1926 M & N 26 b. 26 Mar. 31 Feb.
Phila. & Read.—Gen., 4 g . . 1958 J & J t 80 b. 171% Jan. 180*4 Apr.
t 31%b. 18% Jan. 136*3 Jan.
ls t p f.in o .,5 g, ls t iu s t p d .’ 58
t 19%b.
5% J a n t2 2 % Jan.
2dpf.ino., 5 g., ls t in s t pd.’ 58
t 17%b.
3% Jan. t2 0 Jan.
3 d p f.m c.,5 g., 1st in stp d.’ 58
75
| 65 Mar. 77 Jan.
Pittsburg & Western—4 g . 1917
75%
70 Jan.
Rio Gr. Western—1st 4 g ..1939
77% Feb.
t 49% 1 40 Feb. t a i Jan.
St. Jo. & Gr. Island—6 g ..l9 2 5
117%b. 11134 Jan. 117*3 Apr.
St. L. & San Fr.—6 g, Cl. B . 1906
117%b. 112 J a n 118 Apr.
6 g., Class C...................... 1906
109 b. 101 % Jan. 108 Apr.
General m ortgage, 6 g ..l9 3 1
34 b. 34 Apr.
38 Mar.
Cons. guar. 4s, g.............. 1990
74%
76 Feb.
70 J a n
St. L. & So. W.—1st, 4s, g.1989
29 b. 24% J a n
32 Feb.
2d, 4s, g., incom e............. 1989
119 b. 119 Mar. 121*4 Mar.
St.P.M.&M.—Dak.Ex.,6 g.1910
122%b.
117 J a n 122 Apr.
1st consol., 6 g ................. 1933
104%b. 101% Jan. 105*3 Mar.
“
r educed to 4% g ..
85 %b. 86 Mar. 89 Feb.
Montana extension, 4 g.19 37
58 b. 51% Jan.
59 Feb.
San.Ant.& A. P.—lst,4 g .,g u .’43
97
97 Apr.
93 J a n
So. Car. & Ga.—1st, 5 g ...l 9 1 9
94 b. 94 Feb.
97 Feb.
So. Pacific, Ariz.—6 g ... 1909-10
110 b. 107 Apr. 111 Feb.
So. Pacific, Cal.—6 g . . . 1905-12
90 b. 90% Mar. 92*3 Jan.
1st consol., gold, 5 g .......1937
104 b. 101% Jan. 106 Feb.
So. Pacific, N. M.—6 g .......1911
94 Apr.
93%
87% J a n
Southern—1st [cons, g, 5s. 1994
90 b. 90 Mar. 93*4 Feb.
E. Tenn. reorg. lien 4-53.1938
E. T. V. & G.—1st,7 g . . . . 1900
109 %b. 107 Jan. 109*3 Feb.
109% 105 J a n 109*3 Apr.
Con. 5 g .......................... 1956
114 Jan.
Georgia Pao. Ist5-6s, g.,1922
............ 110 Jan.
K noxv. & Ohio 1st 6 s ,g .. 1925
114
1 1 3 Feb. 115*3 Man
Rich. &Danv. con. 6s, g..l9 1 5
118 b. 115 Jan. 120 A pr
W est.N o.C arlstcon.6s,g 1914
113 b. 112% Feb. 113 Jan.
93 Feb.
Tenn. C. I. & R y—Ten. D. 1st, 6g
87 b. 89 Jan.
95 Feb.
Birmingham Div., 6 g ...l 9 1 7
93 b.i 89 Jan.
91 Apr.
Texas & Pacific—1st, 5 g .. 2000
91
1 81 Jan.
2d, incom e, 5 g ................ 2000
24% Feb.
23%
18 Jan.
Toledo & Ohio Cent.—5 g. .1935
104 b.|105*3 Jan. 109 Feb.
Tol. St. L. & Kan. C.—6 g ...l9 1 6
i171 Jan. ) 77 Feb.
t 74
Union Pacific—6 g .............. 1898
102*8 Jan. 106 Apr.
106
Ext. sinking fund, 8........1899
90 Jan.
97*e Feb.
t 93
Collateral trust, 4% ........1918
*t54 a. 1 50 Feb. t 54% Feb.
97 Jan.
Gold 6s, col. trust notes. 1894
98 a. 93*a Jan.
Kan. P a c.-D en .D iv .,6g _18 99
Apr.
I l l b. 106 Jan. I l l
1st consoL, 6 g .............. 1919
t 76*3 t7 0 Jan. 1 77*3 Feb.
Oregon Short Line—6 g.1922
115
Apr.
1100
Jan.
t ll5
Or.S.L.&Ut’hN.—Con.,5gl919
t 68*3b. 151 Jan. f 70 Feb.
U.P.D en.& G ulf,con.,5 g.1939
40 Feb.
39%
31*3 Jan.
U. S. Cord.—1st col., 6 g . . . 1924
128*3 Apr. t36% Feb.
t 32
Virginia Mid.—Gen.M., 5s. 1936
103
Mar.
10313b. 97 Jan.
Wabash—1st, 5 g . ..............1939
108% 102*3 Jan. 108% Apr.
2d m ortgage, 5 g............. 1939
77*4 Feb.
76 b. 69 Jan.
105*3b. 105*3 Jan. 107*3 Jan.
49% Feb.
44 b.i 43*3 Apr.
107*8b. 105 Feb. 107*3 Mar.
t 4 3 “8a.!l 37*3 Jan. t46 Feb.
a” prioe asked; the range Is m ade up from aotual sales only.
* Latest prloe this week.
1 Trust reoelp ts.
NEW YORK STOCK EXCHANGE PRICES—(Continued).—IN ACTIVE BONDS -A P R IL 2 4
SECURITIES.
Bid.
Ask.
SECURITIES.
Railroad Bonds.
(Stock Exchange Prices.)
Alabama Mid.—1st,g., g u a r.. 1928
A.
S. F .—2d, 4s, Class 8.1989
Chioago& St. Lou.—1st, 6 s. 1915
Col. m d 1st,
6 s..............1936
Atl.
P a o —2d W.
gu. 68.1907
Western Division in com e.. 1910
Balt. Ohio- 1st. 6s, Park B.1919
T. &
&
*
g., D.,
94
Cons, mort., gold, 5 s ............ 1988
W
. Va. &Pitts.—1st, g., 5 s..1990
B. &O. S. W „ 1st, g., 4 % s ...l9 9 0
Monon. River, 1st, g., g. 5 s ..1919
Cent’l Ohio R eor.—1st, 4 % s.l9 3 0
Ak.&Ch. J uno.—lst,g ,5 s,g u . 1930
Brooklyn Elevated—2d, 5 s ...1 9 1 5
Seaside B.B. 1st,g ,5s,gu .1942
Brunswiok & W’ n—1st,
4s. 1938
io?% 2 i
& —
g.,
Bid.
90
96
*99
98
60
78
Ask.
SECURITIES.
&
Buff. Roch. Pitts.—Gen. 5s..1937
97%
Roch. & P., 1st, 6 s............... 1921
Roch.
Pitts.—C on s.lst,6 s.l92 2
Buff.
Susqueh.—1st, 5s, g ..l9 1 3
Burl. Cedar Rapids Nor.1st, 5 s..............................
1906
Consol.
collat. trust, 5 s .. 1934
70
Minn.
St.
1st, 7s, g u ..l9 2 7
85
Ced. Rap. I. F.
N., 1st, 6 s.l9 2 0
......
1st, 5 s...................................1921
&&
&
&
& L.—
&
-
Bid.
Ask.
*94
123
117*3
*95
iT5“
98
107*3 108
*101
101
97
A pril 25, 1896.]
THE
771
C H R O N IC L E .
NEW JOBS. STOCK. EXCHANGE PRICES.—INACTIVE BONDS—(Continued)— APRIL 24.
SECURITIES.
Bid. : Ask.
SECURITIES.
Bid.
Ask.
SECURITIES.
N orfolk A Sonth’n—1st, 5s,g. 1941
F.
A.P.M.— 1st, ooo. gold, 5 s*91
..1939 93
C.ObJo—Col. ACtnJf.tot,4%s.l939;
86
87% N orfolk A W esb—General, 6 s .l9 3 1
r t. Huron D iv.—1st, 5 s ___193S
Cent, RE. A Bank. -C ol. g.5s.l937. 95
New R iver 1st 6s................. 1932
f
la.
Con
A
Pen.—1st
g.
5s___1918
Cent, oi N. J.—Conv. deb., 6s. 1908
Imp. A E xt,, 6s...................... 1934
Jant Pacific-G old bonds, 69,1896 101% 1 0 2 ^ 1st con. g., 5 s .........................1943 .......
AdiustmentiM.,
7 s ............... 1924
58”
Worth A R. G.— 1st g „ 5S..1928
Gold bonds, 6s......................1897 102
105
Equipment, 5a....................... 1908
Gal. Har. * San Ant.—1st, 6 a, 1910 .
San Joaquin Br., 6s..............1900
100
101
C
linch
VaL
1st
5s.................1957
2d mort., 7 s ............................1905
Mort, gold o s.......................1939
Md. A Wash. Div.—Ist,s.5 s.l9 1 1
Ga. Car. A Nor.—1st, gn. 5s, g.1929
la n d grant, 5s, g.................. 1900
RoanokeASo.—la t,g n . o s ,g .l9 2 2
Grand Rap. A I n i —Gen. 5 s.. 1924
Cal. A O. Div., ext., g. 5a...1918
........
Scioto Vat. A N, E.—1st,4s,.1990
G. B. W. A Si. P.—1st, con. 5s. 1911
West. Pacific—Bonds, 8s___1899
2d too, 4 s................
1906
1 % Ohio A Miss—Consol. 7 s ....... 1898
No. Railway (Cal.)—1st, 69.1907
2d eon sol. 7 s .......................... 1911
Housatenie—Cons, gold 5s
1937 123
50-year 5s..... ................... .1938 90%
Spring.Div.—1st 7s................1905
N. Haven A Derby, C ons.5s..l918 113
Jfces, A O.—Par. M. fund, 6s. 1898 104
General 5s............................... 1932
Houa. A T. C —W aco A N. 7s„1903 125 ........
Craig Valley—1st, g „ 5 s ....1940 '9 5
Ohio R iver HR,—1st, 5s.......... 1936
1st g., 5s (int. g td i................ 1937
Warm Spr. VaL, 1st, g. 5a.. 1941
102% Gen, g .,5 8 .... ....................... 1937
Cons. g. 6s (tot. gtd )............. 1912
Ohea. O. A so.West.—1st 8s, g .1911
95
85
Debent. 6s, prin. A tot. gtd.1897
Omaha A S i Louis.—1st, 4 s ..1937
Sd. 6a..................................1 9 1 1
80
Oregon A Califor.—1st, 5s, g. 1927
Oh.V.-Gen.oon.lat,gu.g,58.1938
Debent. 4a, prin, A int. gtd.1897
O reg .R yA N a v.—C ol.tr. g..5s,1919
Illinois Central—1st, g., 4s ...1 9 5 1 107
Chicago & Alton—S. F „ 6 a .... 1903 118
1st, gold, 3 % s .........................1951
Penn -P.C.C.Aat.L.Cn.g.f% sA1940
Bonis. A Mo. River—1st, 7s. 1900 108
Gold 4a ...................................1952 i o o ” — --Do
do
Series B
2d, 7s............................. ...1 90 0 107
Cairo Bridge— Is ................... 1950
P .C .A 3.L .-lst,0..7s................ 1900
St. L. Jacks. ACM0.—2d, 7s. 1898 104
Pitts. Ft. W. A C —1st, 7 a ...1912
Springf, D iv.—C oup .,68___ 1898 104 105
Hiss.K. Bridge—1st. s. f„ Ss.1912 ....... ...........
2d. 7 a ..................................1912
Middle D iv.—Reg., 5s...........1921 '111
Otic. Bari. A N or—1st, 5»....1926 1 0 2 4 ........
__
3d, 7 s....................................1912
C. St. L. A N . O .- T e n .I .,78.1397 U06
Debenture 6s..............
1896!
1st, consol., 7«........
1897 *100
C h.8LL &P.—1st,eon. 5s,g.. . 1932
Ohio. Barling. A Q .-5 s, s. 1..190! 102%
Clay. A P.—Cons., s. fd ., 78.1900
Gold, 5s, c o u p o n ................ 1951 120
lows Div,—Sink, tand,5s.. 1919 *105
Gen. 4%s, g., " A .............1942
98 j
M«mp. Div., 1st g. 1 -.......1951
Sinking fund,4a........... 1919;’
8t. L V . A T .H .—1 st,6 s .,78.1897
Plain, 4 a ............................ 1921 * 88 % .......i1 Ced. Falls A M lnn.-lst.7s,.1907 ...wo- 90~
107% Uld. D. A Spr.—1st 7s, 1906, trust
2d, 7 s .................................... 1898
Chicago A Iowa Dir.—5 s ... 1905
30
25
2d, guar., 7s........................ 1898
Coie. A Indiana Coal—1st 5->.1936 98% 1C0% rents., ex bonds ..........................
Chi. MU. A 8 t.P .-U t,9s,F .D .l89S 107
....... fnd. Dee. A W.—1st, g , o s ....1935 100 102^
Gd. U A L Ext.—lst.4% 8,G .g.l941
88
P eo.A E .-Ind.B .A W .-lat,pf.7s.l900
* 4 ,7 3-10*, P. D ................. 1898. 126% 127% Ind. Ills. A Iowa.—1st, g, 4a.. 1939 85
1 Ohio Ind-AW.—lit p r e f, 5s.. 1938
1st,
5a.......................1943
lst,7 », $
R .D ..................1902 ........ ; ........
30” ! Peoria A Pek. Union—1st, 6 a . 1921
24
1st, I, A M ,7 s .....
1897 12 6 % ........ lint. A G. *f’ n .-3 d , 4s, g .......1021
. 2d m ortg., 4 % s...................... 1921
i n . I. A D .,7*................... 1899 126% 127
KlngsCo.-I*.EL,lat,5,s„gu.A.l»29
!Pitta, Clave. A T o L - l s t , 6s... 1922
a
m .,7 « ................... 1903 12 7 % ........ Lake Erie A West.- 2 d g,, 5>.1941 102% 103
102
H
j
104
iPitta.
A L. Hr.—2d g. 5s, " A ” . 1928
1st, I.A D. Extension.7s... 1908 130
.......
North'll Ohio—1st, gu. g.59.1945
1st, L* C. A Dav., 5s..........,1910 HO ........ L. 8. A M.Sou.—8.AE.—New 7s.*98 105% 105% IPitta. Me. K. A Y.—1st 6s___ 1932
!Pitta. Puinsv. A F .- l s t , 5 b. . . 1916
1st, II .A D., 7 a ............. ..1910*125% 126% . D e l M. A T .—1 st,7s....... ...1 9 0 6
■Pitta.Shorn. A L .E .—Ist.g.,59.1940
1st, H. A D „ 5 8 .................1910 *105% 108% Lake Shore—Div. bonds,7s. 1899 106%
Ohieago A Pacific Div., Os..1910. 116
1st c o n s o l 5 s..........................1943
Kal. All. AG, R.—1st gu. 5S.1038 112
..... Pitta. A W eal—M. 5 a ,g .1891-1941
Mahon’ g Coal R R .-1 S I 58.1934 113
Mineral Point Div. 5*..........1 >Io -101
102
110
101%
G A L . Sup, Div., 5e........... 1921 *109
Pltte.Y’gst'uA
A .—1st, 5 s , o n .1927
Le.V,,-hV.,N.Y.-tot
..N .Y .gu.g.4%s.lU-K>
Rio Gramle So.—1st, g., 5 a ...1 940
Fargo A South., Os, A * su ...l»2 4 112%.
, Lehigh V.Tertn.—1st gu. 5s,g,1941 109%
me, conv. sink, fund, 5s___1916 ----Lehigh V-y Cool ~1 Bt Ss.gu.g. 1933
....... 8t. Jos. A Gr Is.- 2 d t o o .........1925
Kan. C. A Omaha—let, 5 s ..1927
Dakota A G l South., 5 * ..., 1916 *107 10% ! Utchf.Car.A W e « l-to t S * .g .l9 l6
MIL A Nor. main U n e-6s...l910! 116% 116% 'Little
Rook A M.—1st, 5s, g ..l9 3 7 25
St. L. A, A T, H .-T e r ta . 5 s ..1914
Little Hock
Chi0.ANorw.-3O-yeardeh.5s.1921 107% ltd 1Ding
u .w MIsland—1st,
»n d
7 s .......... ...1898 ‘ 106% 108% Betler. A So. L U .-lst, 8 a ...i8 9 6
Escanab* A L. 8. 1st, 6 .....1 9 0 1 . . . . . . ....
Bellev. A Car.—1st, 6*......... 1923
Ferry, 1st, g , 4% s...............1922 ........ 95
Gold Is.................................. 1932
Dee M. A Minn.—1st, 7 s ....1907
CUI.8LL A P a d .-ls t,* d .g .5 s 1917
Iowa Midland—1st, 8 s ......1900
8t. Louis 80.—1st, gd. g. 4s. 1931
N. Y, A R’ way B .-t o t ,g .5 » .19*27 100
Chic. A Milwaukee—1st, 7*,189S: 106 ........
2d mortg., m e....................1927 35
do
2d incom e ,5 s .1931
*42%
Sfln. A St, P.—2d, 7 s ......... 1907, 126 120
■--*» ! Car. A S h a w l—1st g. 4 *___ 1932
N.Y.AMsn.ib-.n-h. 1st, 7«, 1897 101
AIL A Mad.—1st, 6 s ..........1905 113%: 115%
8 1 L. A 8, F— 2d 6a,g., 01. A . 1906
N. Y.B.A.M.B,—1st con.5s.g.l935 100 103
.....
o n . C. P. A 8t, P .-to t , 5s.- 1909 106 ! . . .
General 5 s................................1931
Broekl'BAMoatank—ls t.6 s .l9 ll M12
1st, trust, kuM 5»............... 1987
1st, 5s .......................
1911
Northern 111.—1st, 5*.......-1 9 1 0 106 ........
....
Mil. L S.AW, —Con,deb.,5s. 1907
No. Shore Br.—1st oon.5s»g. 1932 xoi
Kan. City A 8 1*1, 6s, g . ..1 916
......
Mich. Div., 1st, 6s..............1924 ........ ........ Lools.Kvaus.ASL L,—C on.5s.l939
FT. 8. A v . B .B g . -1 s t. 6 8 ...1 9 1 0
; Kansas Midland—1st. 4s, g.1937
Ashland Division—1st, Us 1935
.....[L o u is . A Nash.—Cecil. Br. 7s.. 1907 104~
Ch.R.1. A P-D .M . A F. D, 1et 4s. 1906 *77% '------K. EL A Mash.—1st 6s, g...,1919 115 118 St. Pant City R y, oon . 5a, g.. .l9 3 7
1st, 2%»............................. 1905 ...................
G old 58. g u a r ................... .4.1937
Pen.sacota Division. 6s........ 1920 10:.
Extension. 4*
.
1905i
.
SL Louis Division, 1st, 6*...1921 118% ____ _ SL Paul A Duluth—le t, 5s___ 1931
KsokukAD ss M.—1st,5s.. 1023j 101% 103%
2d m orlg.igeOs.....................H U ”
2d, 3 s ...............................1080 *02
Chle.8!. P. A Mian.—1st,Os. ..1918 128 131
Nashs*. A Decatur tot, 7*..1900 110% . . . . . S I Paul Minn A M .-la t , 7 s.. 1909
8L Peal A 5. 0 —1st, 6s...... 1919 128
8. f.,0s.—6. A N. Ala. ...,,.,1 9 5 0
2d mort., 6 « .............................1909
.. . .
Chic. A W. lad.—1st, *. t , Bs.iBiSb
50 yearS-i, g......................... 1937 09%
1 Mlnneap. Union—1st, 6 «___ 1922
Genera! m ortgage, 6 s ......... 1932 117
U 7 % ; Pens, A A t.- 1st, 6s, gold. ..1021
M o m Cfen.—1st, guar., 8 a ..1937
10 i
Clue- A West Mlo n .-5 s .. . . . . 1921 f
1
1
1st guar. g. 5 s . ..................1937
Collar, trust, 5», g ................1931 Too
: E a s l Jlinu,, 1st div. 1st 5s. 1908
O s Ham. A D .-C o o -s. f.. 7S.10O5 113
.....
LAN. A SC.lV. - l - ;.g .,l % ,m 5 104 %
*1. gold, *%s........................1937 ......... 106%
\\ Umar A diou xP .—1st, g,5a.193s
N’Mh.Eior.AS.—i g u . , 5s. 1937 *81
*85
O n . D. A IP n —IsL gu . 5s,g. 1941 *1 0 s \ m
Kentucky Central—Is, g ..1987 *68 .. . . .. Ban Fran. A S . P.—1*1 5s. 1919
rav.F l AW chL 1st, eou.g.tie. 1931
OiSV. Ak. A OoL-Eq. A 2d 6S.1930
Dm-AJefi.edge Co.—tin,g, Is. 1945
G G C. A 8b L -O e n ., g. I s . . 1983 86
Lou-N.Al b.ACh.—Gen. m.g. Si. 1940 *74''' ~ w !8outliero—Ala. Cent., 1st 6 s .1918
Cairo division, 4 * . . . . . . . . . . . 1939
!
A tl. A Char.—1st, p r e t , 7a.. 1897
.. . . .
MawpfciS A Chari.—6s, gold.. 1924
Bt.LoaJMY.-lsteoLm4Ag.1990
„
_____
94% 95%
Incom e, 6 s ......................... 1900
1st con. Tens lion, 7s------..1915 106"
BorlnmACoLDtv,—T»t.g, *a. 1940 ........
.............
_
...................
!
Colum. 4 Green.—1st, 5-68.1916
Mexican Cent. CoasoL—4s, g. 1911
:
E
.
fenn. V. A G a .-D D ls.5 a 1930
wwtew.Vai.Dly,—l* i,g . 4s, 1940 ........! .........it
........ - 1st,
1st, eons,
cons. income
Income 3s,
3s, g........ 1939
....... I R loU
an.W ab.AM.Dlv.-Utjc.4s.1991 60
“ '* 'j 93%
— * M.-x,
**
.A D a n .-E q . ». 1, g. 5s. 1909
international—1st, to,g.l»42 -aw—a
Qtn. 1 .8 t . L A G —l«t.g.,4-.193 6
Dehen. 5 -, sta m p ed .........1927
97% ...... .'[MexicanNational—tot»g,,0e.l92?
........ ; V li’a Mid,—Serial sur.A, 6». 1906
Ooosol .6 * .............................1920 . . . . j...... i; 2 d ,income, 6«, " A " ..............1917
aa.8sm .ACi. —C on .lsL g.5s, 1928 106 ______ . . . . .2d,
. _________
..
Snrtea B ,6 » .......................... 1911
Income,_ 6s, “ _B ” .................
............1917
*7
9
G C ol.cut. A In < L ~ U t,7 s ,s.tl8 9 9 1 0 7 % .........'M ichigan Central ~ 6 s ................1909
Bertas 0 , 6 s...........................1916
.. . . .
GonsoL sink. Inad , 7s..........s a lt
Series D, 4 -5 * ..................... 1921
.1931 115%
Coupon, 5s..................
Cin.Atfpr.-~ 1 s t . ( A L7*.10Ol
Series F. 5a....................... ..1931
Mortgage i s . . . ....................... 1940 100
a c r e . Lorsdn A Wh.—1st,5 s.1933 *105
___ 107 ; KaLG A B trg is -1st,3s,g.gn. 1989
Waah.O. A W.—1st eur.gu. is . 1924
......
O e v e A M ah . V.—C>old.5s. .,l9 3 8 117 1 2 1 % Minn. A 8t. U -1st, g. 7*.......,1827 140%
Tar, .48*11 Of 8 1 L - l s t , 4 %a 1939
Dei. Lack, A W ,~
!
j Iowa Extension, 1st, 7s.......1906
iu*S I tot. eon. g. 5 a ..............1894-194 »
Mort. 7s................................ . 1907 126 ■130 ! to a fiiy s it Ext.—1st, 7s...... 1910 . . . . . . 12H% ! 6t.L M rr.B r.rorio..g.5s,gH ,.193u
8/ra.Btng. A N .Y .—Ut.7s.1906 *. . . . . 130
..
.....
’ ..........
Pacific Ext.—1st.
6 s ............. 1921 118% *— «. |[Texas A New Orleans—1st, 7s, 1905
M om s A Essex—lsl, 7s....1914 i l l ........ Mo.K.
A Tex.
!o.K.A
Tex.—1st, o r t , 5s, g.1944
.. . . . : Hahiiio Division, tot, 6 b. ....1 9 1 2
Bonos. 7 s ............................. 1900 *114
.1043
M-- K.AT.~- I
,
13*2
80 ! i Consol. 5a, g ...............
T s o f 1871............................1901 *114 115
Kansas City A P .,ls t ,4 s ,g ..l9 9 0
6 . D.—1st, g. 68.1905
67% 70 T ex. A
1st, non., guar., 7*............ 191 .*> *140
. . . . . Third Avenue (N .Y ).-to t 5s, 1937
80
141%
Dal. A Waco—1 st,5 s , g u ...,1940
Warren -2d, 7 s ....... .............. 1900 111
Missouri Pacific —Trust 5s... 1917 . . . . . . 82 I T. AO.G —Kan. A M.. Mort. to. 1990
D.AH.Can.—Pa. Div.,coup. 7«. 1.917
1st coll., 5s, g ....................... 1920
65 1Tot, P.A W,—1st 4s,too.f’<Lootij uly
Albany A Susq —tot, gu.,7*.100«
Ulster A D el.—lo t, con .,0 „S *.1928
St L A I. M .-Ark.Br.,lst.7Al895 103% 107
1st, con*., guar,, 6 *.......... lv<«; 110%;,
Union Paclfio—tot, 6 «.............. 1896
Mobile A Ohio—1st exL , 6 s ...1927
Ren*. A Sat. 1st, coup., 7». 1921 145
St. L. A Cairo—4s.guar.......1931
tot, 6 * ..........
1897
88
Deny, Tramway—lions, e*. g .i y 10
Morgan's La. A T.—let, 6s ..., 1920 116
1st, 6%.................
1899
MetropoL Ky. - to t,.u , g,tL .19U
Collateral Trust, 6a...............1908
! 1st, 7 s ....................................1918
Deny. A H. G.—Im
p ,,g., 5
. ,.1928
w’Crtlap.,*.,
o »s „.x
» a a 83% 89% Sash. ChaL A 8t. I,.—2d, 6s..1901
Collateral frn st, 5 » . . . ..........1907
106%
D e t.M .A M .-L g. 3%s.*er.A.lbU *18%. 20 IN. O. A. No. K —Pr, L, g „ 6S..1915
Kansas P a o lflo -lo t 6s, K ...1895
Dec A Mack.—1st lien, 4*,g.,1095
N. Y. Central—Deb. g. 4s....1905 102%
tot, 6s, y ............................... 1886
4s. g o ld ................
1990
0. Br. U V —P. 0., 7.1........... 1895
I N .J. Juno—Guar. 1st, 4s...198b 100
Dalnth A Iron Pnsage—1st 5 *.1 B 3 7 ___
161
Ateh,
Col. A Par.—1st. 6 s... 1905
j Beech Creek—laLgold, 4s . 1936 100% 106%
Erie—1st, extended, 7s..........1897 *10-5%
A tell. J. Co. A W.—1st, 6*...1905
Osw, A Rome—2d,os,g.,gn .l9l3
2d, extended, 5s...................1919, *114%
Utica A ML R iv.-4s. g „ gu.1922 104
U. P. Lin. A OoL—l# t,g .,6 ». 1813
3d,extended, 4 % »..............1923 >106
, N. Y. A P u L -ls t, g., is. gu.1993 101
Ore«,S.L,A U.N .,coU rBl,5».1919
4th,extended,5*.................1920 ‘ 112 %
» . Y. N. H. A H .—1st, tea.4a. 1903
Utah A North.—1st, 7 s.. . . . . 1908
5»h, extended, 4s..................1928 *103 104
Gold, 5 s ..... .......................... 1926
N. Y. A Northern—1st,«. 5 «..1927
1st, con., g., f d, 7 s .............1920 *........ 134
N. Y. Bu.-(. A W esL-2d; 4%*.U)37 *65 . . . . . .
Utah Southern—Gen., 7» ..1908
G en.m ort.,56. * ................ 1040 70
Extern, tot, 7 «................... 1909
72
£ »■
.......-.1916*133
.......
«. Sufi. A 8. W.~Mortg.
1998 *102%
V alley R y Co. o f O.—Con. 6 b. 1921
86% 90
Wllk-A East.—I«t,gtd.,g.5s.l942
Jsfieiikto-lst, gn. g. 5s ....19 0 9 102%
Northern Par.—DiyM'd scrip ext.
Wabash—Debenture. Ser. A..1938
73
Coal A R R .-6* ..................... 1922 *10.5
Debenture, Bortea B ............ 1939
James River VaL—1st, 6a...1936
Does A fa p V U t 6«, cnr‘oy.1913: *105
D e l A Ohio. E xt. 1st, 5s, g .,19 40
Spokane A Pal.— 1st, 6s....... 1936
82%
B rans. A Terre H a u te 1
8bPan) A H. P.—Gan., 6 s..1923
81 L.K.C.AN.—8lC,Bdgn6#.1905
1»L cnr,«.. .J«......................1 9 2 1 , 107% 108% Helena* RedM'n—lst,g., Gs. 1937
W estN .Y .A Pa.,geu.g. 2-3-4s 1043
1st, general, g., 5, ............... 1912 ____
| DnluthAManitoba—let,g.6sl936 *75
Incom e 5 s............................... 1943
ME Vernon 1st 6s ............... 1923 ........
! Dui.AMvn Dak.Diy.—Iat6».1937 *75
W est Va. C. A P lt t s .-ls t , 69. 1911
SaL Co, Br. 1st, g„ 5. ....... ..1930 . . . „ J
Oosur d'Alene—1st, 6s, gold.1916
W heeL& LE.—let, 5s, g o ld ...1 926
Kvan*. A Indian.—1st, cons.. 1926I
Gen. Ist.g., 6s................... 1939
E xtension A Im p, g., 5s.......1930
Print A P. Marq.—Mnrt., 6s , . .1920! 114 -115
Wi*. Cent. Incom e 5 »............1 9 3 7
GenLWashlngton—lst,g.,6».l938 51
53
Bid.
105
*118
114
116
105
a
Ask.
110
*78
” 67*
103%
68
86*'
io T 106
io i*
' 45'
*73
........
‘ 108%
55
80
109
140
130
T 14
117
102
103
T 03
10S
110 %
112
72
88
90
105% 107
95
70
90
84
117%
98 100
93
89
105 107%
110% 120
125
117
101% 102
‘ 104%
*110
112
08%
102%
114
102
80
103
95
105
120%
80
78
81%
103
105%
106
106
108%
100%
35
30
30
40
30
*68
275,
07% 08
105%
‘ 44
14% 16
97
98%
92
10
Ho price Friday, these are the latest quotations made this weak. Nor I tlittlU B s sa s an d U nlisted B on d s,—Bee 3d page prooedtog.
THE
772
A U S T H A C 'l K i t o n
C H R O N IC L E
{ M aine..............
^ N. Hampshire.
S. V erm ont.........
Sf B oston.............
5 Mass., other ..
" Kliode Island,
g C onnecticut...
L Total D lv.N o.l
f New York City
1 Brooklyn.........
5 A lb a n y ...........
5 N. York, other
2 New J erse y ...
p Philadelphia..
• P ittsb u rg .......
« Penna., o th e r .
1 Total Div.No.2
f D elaw a re.......
^ Baltimore . . . .
2 Maryland, oth.
5 W ashington...
2 Diet. Col., oth.
B V irginia..........
1 West Virginia.
1 Total Dlv.No.3
Lxn.
H K I'O I tT S O F T H E N A T IO N A L B A N K S H I D E T O T H E C O J I P T B O L L E B F E B . 2 8 , 1 8 9 6 .
Depot its.
1896.
|Vo l .
Capital.
5? §
$
82 1 1 ,121.000
5.830.000
50
7.010.000
49
55 50,750,000
2 1 ? 44,667.500
58 19.537,050
82 22,391,070
58* 161,306,620
Surplus.
$
2,630,931
1,407,799
1,581,480
14,751,510
15,075,692
5,137.667
7,782.000
48,367,079
Individual.
$
13,998,015
8,656,583
7,986,121
95,689,557
70,713,792
18,206.46 2
32,212,064
247,462,594
Other.
$
164,586
169,992
44 ,41/
191,290
88,510
87,807
224,811
971,413
2,133,985
18
22 13,243,260
3,811,700
4b
12
2,575,000
1
252,000
4,796,300
37
3,416,900
33
lb 9 HO,229,145
981,200
4.684,200
1,563,325
1,390,000
100,000
2,864,350
784,515
12,367,590
302,080,449 21,099,614
91,507
14,302,634
44,674
6,434,750
417,762
90,504,458
253,847
52,502,095
176,258
87,150,105
184,827
33,587,97 i
277,456
109,584,875
696,147.337 22,545,945
44,392
4,414,316
91,938
21,887,309
45,000
9,105,183
43,308
8,983,919
823,238
543,619
12,634,848
7,249,192
90,054
858,311
OF,098,005
27 ' 2,686,000
1.948.000
16
2
750.000
27
2.791.000
17
1.350.000
3.405.000
27
10
855.000
9
2.900.000
12
855.000
212 21,350,000
1
.220.000
9
7
3,601,500
70
9,482.900
8,325,000
48
493 61,549,400
50 50.950.000 42.335.000
2,218,000
1.352.000
5
1.550.000
1,397,000
6
272 32,884.040 11,279,002
7,905.800
102 14.395.000
41 21.865.000 14.688.000
9,229,318
30 1 2 .100.000
342 40.379,890 19,641,451
S48 175.475,930 108,693,571
Loans <£ dis Gold and
Gold
counts. (In cl’u gold 0. H. Treasury
overdrafts.) certificates certificates
IB
$
$
769,184
22,135,979
14,160
306,699
10.867,971
27,220
451,460
12,838,966
22,630
138,719,944 5,255,279 1,523,100
194,260
106,308,718 2,809,041
35,257,932
137,620
598,497
388,150
45,387,600 1,811,805
372,067,110 12,004,965 2,307,140
325,532,32a 37,871,663 10,167,1 lu
285,231
185,000
10,612,475
443,633
287,190
7,388,277
554,260
93,959,686 3,965,997
279.570
51,915,036 1,658,349
258.570
89,433,892 7,126,599
3.015,335
388,270
43,966,499
515,010
111.129,067 5,277,703
738,936.251 59,644,510 12,634.980
! Silver
|Treasury
'certificates
$
$
121,669 122.175
100,950 105,932
49,033
92,622
250,393 2,001,943
516,468 673,595
133,226 209,839
231,111 483,092
1,446,439 3,645,609
588,413 4,524,836
70,975 170,409
33,359
43,735
630,562 581,718
345,867 907,821
536,940 3,261,057
401,365 524,614
964,549 1,205,097
3,572,030 11219^8/
133,74a
1,708,364
303,953
342,556
125,746
462,488
361,192
3,438,018
15.U00
415.000
20,060
655,960
52,000
30,340
38,730
1,227,090
59,833
107,143
143,210 891,730
91,034 198,488
45,423 593,606
5,111
45,221
123,146 151,124
65,806 103,616
533,563 2 ,0 05.0 2-
660
1,940
5,463,765
31,978,483
9,966,916
6,949,481
583,588
15,685,306
8,443,758
79,071,300
f North Carolina
1 8outh Carolina
] Savannah.......
Georgia, oth ...
L F lorid a ...........
£ Alabama . . . .
® M ississippi___
g New Orleans.,
p Louisiana, oth.
0 T e x a s ..............
» A rkan sas.......
1 Louisville . . . .
Kentucky, oth.
I Tennessee.......
1 Total Dlv.No.4
t C incinnati___
4 Cleveland . . . .
d Ohio, other .. .
^ Indiana...........
h C hicago..........
E Illinois, other.
• D etroit............
• Mi chlg’n, other
• M ilwaukee___
£ Wisconsin,oth.
L Total Div.No.5
740,711
807,600
225.000
798,700
459,050
596,458
391.525
2,489,50*
331.000
5,112,991
296.525
731,400
2,607,261
1,875,053
17,462,775
5,056,737
4.242,335
673,974
6,523,43c
4,148,856
6,557,563
2,519,132
15,435,262
2,183,678
34,613,019
2,220,036
4,939,520
11,865,026
15,289,156
116,267,732
463,021
564,701
257,49
2,164,47e
319,936
6,730,427
145,213
5,775,550
1,543,061
11,000
286,777
6,993,671
3,9*5,377
89,339
430,218
6,415,223
77,593
2,206,666
394,898
13,695,751
60,635
2,664,855
45,303,984 1,915,960
2,684,675
85,350
624,575
8,460,151
599,089
19,419,COi
947,626
18,699,7u9
144,578,U'5 5,988,209
2.790.000
8.400.000
13
9.550.000
2 .022.000
12
8,117,443
223 27,816,720
4,700,151
113 14.282.000
9,567,000
21 21.400.000
6,558,088
199 17.746.000
3.600.000
618,000
6
9.684.000
3,018,516
88
3.250.000
436,000
5
7.220.000
1,859,630
76
756 122,992,720 39,716,828
17,818,020
17,131,744
60,264,617
32,002,199
61,793,487
44,642,095
9,060,241
26,220,084
17,727,905
21,024,373
30 7,684,765
763,542
56,020
480,602
165,835
488,281
883,224
290,152
87,770
349,652
129,73 i
3,694,80
24,410,446
758,79,
27,687,533 1,283.99.
70,832,491 3,693,070
34,870,083 3,440,157
87,195,168 L3,325,343
48,769.019 2,900,575
14,881,039 1,180,997
30,171,898 1,527,094
16,561,929 2,106,080
21,883,785 1,574,117
377,263,358 31,790,219
270,050
353,500
111,140
171,530
2,253,540
308,860
10,000
47,690
Des M oines...
Iowa, oth e r...
St.Paul&Minn
Minnesota, oth
St. L o u is.........
8t. Joseph.......
2 Kansas C ity...
■ Missouri, oth’r
J K an sas...........
9 O m aha*Lino.
1 Nebraska, oth.
! North Dakota.
South Dakota.
{, Total Div.No.6
4
800,000
236.000
164 12,685,000
2,885,751
9,000,000
1,482,500
13
5.945.000
64
778,790
9.400.000
1 ,886,001
8
1 .100.000
140.000
3
581.500
3.550.000
8
3.615.000
747,282
48
9,702,100
1,373,409
118
4.800.000
506.500
12
6.490.000
103
1,248,548
382,664
31
2.135.000
1.935.000
376)586
31
607 71,157,100 12,625,530
1,266,123
24,128,252
16,054,841
14,651,615
16,984,477
2,613,317
9,760,012
6,799,155
16,404,745
8,635,925
8,595,762
5,163,343
3,789,861
134,847,428
21,180
88,670
33,900
12,490
253,950
7,-440
2 L,020
11,710
28,740
42,276
139,379
2,058,030
83,535
2,268,85a
31,652,175 1,472,101
22,026,154 3,024,464
993,789
16,075,544
27,681,675 1,340,69b
3,330,132
201,780
14,980,012
904,983
318,410
7,^41,635
18,916,828 1,036,72:
10,826,534 1,275,817
12,424,850
530,049
5,584,701
269,915
275,290
3.291,709
176,903,808 11,727,556
f
2
5
g
£
1
N ev a d a ...........
Ban Franoiseo.
Calitornia,oth.
Oregon............
W ashington...
Total Dlv.No.7
1
2
29
34
43
109
82,000
2.500.000
5.025.000
3.270.000
4.770.000
15,647,000
28,000
1,425,000
1,074,050
572,79b
1,051,208
4,151,054
149,066
4,747,014
11,286,580
7,225,784
6,995,360
30,403,804
101,400
142,566
354,638
39,650
638,254
f A rizon a..........
• Colorado.
.
• Id a h o ..............
® M on tan a........
IS New M exloo ..
• Oklah’a & I .T .
g U ta h ...............
0 W yom ing.......
1 Total D iv.N o.8
5
44
11
26
7
13
11
11
128
400.000
6.387.000
725.000
4.055.000
600.000
710.000
1.900.000
860.000
15,637,000
46,350
1,680,199
276,775
702,820
140,600
148.800
884,418
113.800
3,793,762
845,235
25,521,929
1,823,075
14,077,734
1,859,250
1,228,340
2,772,188
2,053,453
50,181,204
128,55a
137,574
74,864
52,686
68,847
83,167
4,362
329,196
134,76'
472,09t
45,000
490,267
44,015
95,950
242,308
351,977
10,015
444,397
44,084
86,818
162,082
108,213
7.000
40
37,660
600
115,720
360
199,240
2,720
5.000
30,280
139,210
540,430
39,530
3,565,840
8,340
8,700
1,000
497,140
Silver.
Leg. tend* r*
(& U. S. efts,
deposits.
#
386,392
296,008
211,215
5,200,261
2,334,882
702,688
949,258
10,080,704
69,561,434
1,244,527
316.178
2,897,462
2,151,079
7,202,128
2,001,251
3,723,773
89,097,832
153,478
1,136.324
358,977
487,694
22,927
725,492
357,825
3,242,717
121,619
71,646
26L,407
145,141
76,926
318,174
37,300
27.000
71,300
148,325 162,047
463,518
103,471
39,621
306,157
143,206 110,92 >
322,556
72,774
5,823
293,046
211,635 876,146 1,617,868
130,424
145,999
97,973
902,023 601,121 2,574,261
38,978
38,353
84,910
62,506
20.000
528,292
120,615
91,425
521,984,284,567 247,406 1,109,512
2,522, .*4 2,514,438 8,570,958
82,59i
463,257 2,628,410
102,996
63,000
884 456
635,942 326,336 3,110,420
339,101
272,467 1,491,272
545,518 1,808,257 7,100,036
420,431 291,366 1,724,701
141,993
63,539
412,949
229,516
651,470
97,525
66,225
52,186
640,537
179,557 112,382
470,050
2,743,86 m 3,550,315 19,114,301
38,833
12,053
289,865 155,343
165,144
33,906
117,638
42,796
61,000 1,609,956
28.011
54,544
142,118 252,382
77,328
31,116
189,382 106,369
165,324 100,179
80,492
46,795
40,470
7,215
144,904
15,842
1,440,514 2,468,490
13 i,9d 2
836,848
572,199273,394
3,885,446
129,363
803,573
217,355
594,373
367,240
282,628
131,034
155.965
8,381,380
240,220
7,146,227
11,243,907
6,904,995
8,085,551
33.620,900
8,960
1,261,223
1,744,645
1,400,399
916,546
5,331,773
12,470
12,000
27,820
52,290
1,967
58,523
169,879
110,596
134,545
476,510
11,949
70,187
11,342
50,153
143,631
125
140,000
179,737
31,856
99,274
450,992
693,529
20,281,485
1,372,353
13,549,719
1,619,546
1,265,753
3,008,282
1,977,238
43,770,905
149,670
3,915,499
212,898
901,382
101,772
39,322
513,668
209,410
6,043,621
88.760
3,640
50
5,500
500
1,690
80
100,220
13,947
237,307
15,221
135,061
32,726
29,758
34,677
20,853
519,550
1,327
159,032
12,485
18,369
1,500
20,559
8,446
9,343
231,666
15,598
1,442,797
28 ,858
641,599
37,297
65,255
31,680
40,515
2,303,629
Total
United
States
Total
Other
Cities.
Total
R eserve
Cities.
S. Fran
cisco.
St. P a u l &
Min neap.
J Baltimore.
855,609
Total for U. 8 . .. 3,699 653,994,915 247,178.189 1,848.092.869 33,786,847 L,966.211,737 185988901 20,925.130 13,254,059 25869370 141242513
•d
d
£
5
§
d
£§< ■*!
.c
1
*5
§
•&
1o ■ S o s |
T otals fgh i
?
1c
g
at
w
1
|
>
e
!
Reserve
1
1
I
g
£
1
§
!
S'*
£
£
Cities , Ac.
2
g
I s
Oh
1
«
<§
©
<1 ft
S
3
R
*
Mil's
Mill's.
Mill's.
Mil's
MUl'8.
Mil's
Mil's
Mill's.
Mil's
M
il'8
Mil's
Resources.
Mil's Mil's Mil's Mil's
Mil's M il’s Mil's Mil’s Mil's Mil's Mil's M il'ns. M il'n s. M il'ns.
Loans........ 1 3 8 7 3*5-5 10 6 7-4 8 9 4 44-C 32-0 7 0 1*5 13 7 S-5 ‘H i 2 7 ‘7 8 7 k 14-9 16-6 2*3 22-0 2 7 7 18-3 1 0 8 7-1 9 3 7 1 ,0 2 9 1 ,9 6 6
•4
7-6 3 1 2-8
*6
•1
Bda for olro. 11 0 16*8
*8
•9 l -i 4*1 1*4
1*7 1*3
*7
•4
*0
*9
-6
158
*3
1
57
215
•1
•5
*3
*7 2 3 9
•1
*1
*4
*1
*3
*5 1*6
*1
•8
*4
Oth.U. B.bde
*1
*4
*5
*5
*1
*2
16
483*
*7
2
7
35-5
1-6
6*8
10 1
*1 3 1
2*3
Btka, bda,Ac.
11
•4 2 9
•7
*6
•7
5-3
•3 1 2 I S l-o
*1
114
192
78
*1 2*3 2*2 5*6 4*6 1S'2 2 4 3-7
Duefr.banks 3 1 0 32-2 2 0 3 5 17-8 5 i 4-5 1-6
4
5
2
8
5-0
*6 4*1
*0 1 5 5
179
334
*8
5*0 3-7 2-2 1*1
•6
*1
Real estate..
3*1 15-3
*1
•2
•8
*2
•5
*7
1-8
•0 1*4
•4
•2 1 4 1*1
64
41
105
7*4 3-4 2-1 1-0
6 8 48-0
•6
*7
G.coln Aotfs
*5
*6 1-0 1-6 15 6 1-2 2-1
*1 3 0 1-6 i - i 1*3 1 3
50
101
157
*1
2*2
•2
3-8
•9 1 1
SU.coln&ctfs
5S
6
*2
*1 1*1
•1
*1
•6
‘2
2 1
•2 1*7
•5
•3
•1
*1
17
**
39
*3
2*9 2-0
4 9 48-8 1*2
*5
L. tend notes
*j 1-6
•5
*4
66
•c
*4
*6 2-3
*9
•6 2-3
■9
•1
*1
79
31
113
•3 2 0 8
4-3
•o
[J.B.ctfs. dep
*5
*3
1-0
28
1
29
•9
10
•3
■2
•2
•1
1
Nat bk notes
•1
•8
*1
•1
*1
3
*2
*1
*1
-2
*1
12
5
17
GPr’gH.excb
*1 11 0 1 8 17
*8
8 8 31-2
*1
15
•2
•3
*1
6 0
*7 1*0
*7
5
•2
2
3
87
3
90
2*2
6-8
*2
2-6
*8
•6
Other res’cee
•3
•3
-4
•3
*2
'2
•2
2 1 *0
*2
*3
’3
‘1
17
26
43
1
Totals...... 217*6 6 3 0 8 19 3 13 8 1 6 2 5 6 8 3 4 9 9 14-6 2*2 26*0 14 5 4 4 6 3 8 4 1 4 7 3 i l l 25-5 4*0 34-0 44-2 * 9 3 1 9 9 1 0 4 1 ,0 3 9 1 ,7 0 9 3 ,3 4 8
Liabilities.
3 0 7 51*0 1-3 16 2 1 9 121 13*2 2-6
*8 2'9 3-6 8-4 9 5 2 1 A 3 6 3-2
•8 9-0 9 4 4-7 d-8 2 5
239
Surplus fund 14*8 42*3 2 2 1 4 14-7 9 2 4 7 1'4
•2 2*6
9'6
-6
•4
’7
•5 1*4 1 1 6
"7 2-8 2-o
*2 1 5
is
131
247
5 3 171
•4
1
2*8 14 11
Undl. profits
*2
‘4
14
•6
•2 1 o
2-2
•5
2
•2
•2
*1
*7
36
51
87
Circulation..
0-5 13-y;
3
6-6 31 2 4
-e
7
1
•5
•3
*8
•0 3 5 1*2
1*2 1*2
•6
•3
•5
*8
49
138
187
Duetodep’rB 951 3 2 3 2 1 4 4 6 5 87-3 3 3 8 2 2 0 9 0
*7 15 4 54 1 8 6 17 2 6 2 8 9 3 181 1-3 1 6 5 175 1 2 5 9*0 4 9 8 0 1
8S 1 1 ,6 8 2
Due to banks 3 7 8 1 8 0 9
4
3 9 24*6 7-b 5'8
5
2 3 l 36
71
449
9*1 4*4 5 0 6 6-0 2-9 1*4 5*3 14 3 10 2 4*2 1 5 37 S
Other i ab».
3*6
21
4*8 11
*7
•1
*2
•9
*2
*1 1-2 3 'i
*2
*4
*6
•4
22
20
42
Totals .... 217*6 6 3 0 8 19-3 i 3*8 1 62*6 68-o 19 9 14*5 2*2 >26 0 •4-5 4 1 6 48*4 1 47*3 21*4 •25-5 4 0 3 4 0 4 4 2 2 9 3 1 9 9 1 0 4 1.6 39 1 .7 OH13 .3 4 8
THE CHRONICLE
A pril 25, 1396.]
§tx treatment
R o ads .
EARNINGS.
T h e fo llo w in g table show s the gross earnings o f U n ite d
States railroads (and also a fe w M exican and C anadian roads)
fo r the latest period reported. T he statem en t in cludes ev ery
STEAM road fr o m w h ich regu la r w eek ly o r m o n th ly returns
can be obtained. T he first t w o colu m n s o f figures g i v e t h e
gross earnings fo r the latest w eek or m on th , a n d th e last tw o
co lu m n s the earnings fo r the calen dar yea r fr o m Janu ary l to
andt n clu d in g such latest w eek o r m on th .
The returns o f the street railways are n ot included in this
table, but are brought together separately on a subsequent page.
Latest Gross Earning*
Week or Mo
1806.
f
8
16.103
08.728
54,803
1895.
8
Jan. 1 to Latest Bate,
1896.
1695.
8
28,203
389,780!
119,031
*
40,046
411,487
84,110
AdtranOacx.......February.
26,113
Aia.Gt.3outa... 2d wk Apr.
27,192
Ala. Midland... February..
37,079
Ala. K.O. Tex. 4 Paws. June.
N. Orl. A N. E. 3d wk Mar.
22,000 22,000
307,000'
Ala. & Yteksb. 3d wk .Mur.
9,000
9,000
128.090,
Vloks.Sh. A P. 3,1 wk M ir.
-.000
7.000
117,000
Allegheny Val.. February.. 171,923 169.058
300,539,
Ann Arbor— . . 3d wk Apr.
20,840 22,317
339,831)
At*. Midland... Fe-r i '.ry..
7,993
6,208
16,385
Aton. T. * 8. r e .! February.. 2,208.952 2.069.703 4,893,616
Atlanta A Cfcsr. i -bruary..« 12-.743 107.212
256,189
Atlanta * W. I- February.
'
.14,876
45.980
96,899)
Allan, k Danv.. -.Mwk Apt.
14.431
154,312
12.258
AugtistaSout’n. February..
13,4-10,
3,431
Wli *7
Austin A
February..
13.327
13.617
30,217
Balt.0he«s.A Att-jMaicU.......
28,024
34.328
77,316
B.AO.EassLlm - January. . 1,386,877 1,229,219! 1,385,877'
Western Lines!J unttary... 443,088 409,218
443,068
_ Total........... January... 1,828,045T.698.435j 1.P28JH5
faL A O .dou’ w :t,l Wk Apr. 111,368 118.034 1,842,054
B angorAAroost t . brttary..
54,839
58,201
104,66 4
Bath A Hattend, February..
1,6871
1,721
3,684
B!r. A Atlantic..M atch ....
1,604
1.678!
S,53o
Brooklyn Kiev. '3d wk Apr.
32,712
40,494!
562.59"
BroiMW'aAWcut! December
49.201
49,149
532,008
B«a.Koen.AF!tt |3d wk Apr.
09,133
37.381
693,057
Buffalo A804KI..{March-,__
34.437
22,355!
Bnr.C.Bap.A* . 2d wk Apr.
65,907
62,07:1 1,293,417
Camden A A ti,. (February,.
30,877
33,444!
82,224
OanadlatiPaeifl. *iw k A pr. 863,00 k S M S o-j 4,990,053
Oat»6f •A Yit&Y.’j d wk Jan
12,902
9,32:>:
Oar,Midland.. . . ‘Mareh. ...
4,845
4.19 i
14.706
Osa*.o f (Isom #'February,
507,141 363,767 1,018,09 4
Central of M. J . February.
821..750 793,735 1,831,117
Central Peeifle. January.
.#56,490! 796,00.7'
858,490
Char. CL A 8ttE.iFebruary,,
3,367
1,9011
8,356
OkartsaFnASar -February.
87,87:1!
4§,57i;
121,351
O h ee.A O h lo... 2,1 wk Apr. 198,603 171,060 2,890,014
CCmm.O.AHo.W M »t<:•«....... 1-6,077 197.20.Y
889,000,
Cblc.Bnr 4 Q .J February..;%M8,416:2,190JM>9j 8,162,021
CWe.AEaeElli (24 «r* Apr.: 73,859)
80,477 1.165,998
Ohio. tit. W'e#t*n .lad wkApr.
8P..796
65.ot.ll
Chlc.Mtl,-&3t,P. 3d wk Apr,, 552,605 455,7331 9,034,400
Cblc.***«iW*B. Match. .. 2,616,744 24(08,707
.
:2 d »k Apr.!
10.585,
18,680
287 714
Oh K.B'kl AP . March
. 1.275,061 1,107,930 3,578,096)
Cat :.8t.P.M.&<* February..! 561,612 443,384
~
1,1747590
O W c.* W .Mien 2.1 wk a » r) j
28.112
3 1,6-!
413,119
€&Q«0».At Porta* iMmreh.
,i
4.591
■4,854.
13,451
0ia.Ja©k,A Mac. 2d wk Aj>r,
14,032
9,044
198.443
Ojn.N.O, A T .P March .... 2 c !,5 .7 288,330
834,282
Ota. Pars*. A v . iMareb.......
23,242
10,273:
63,MS
OTev.Oao.A8o.. 2d wkApr.
13,618!
12,4681 164,011
0bCln.0h.A 8A L 2d wk Apr
325,655i 2 4 0 6 9 3,513.903
Peo. A Baet'n Feb run ry.. 1 19,40..; 127,721
*2947289;
OL Lor. A Wheel. 2d wk A ":
24,875
333,41(1
20,703
OoLMidland.... March. ... 149,02- 122.812
*40,145
Ool. H .V .A Toi March ... 209.697 175,120
625.993;
Ool. Hand'y A B 2d wk Apr.
13,3 27 j
13,450
204.120!'
ColusaA Cake March
7001
1,300
2,700;
Febrnary..
1,0151
749!
2,193
T d Valley February.
57,199!
50,091
120.001
Deny, A Kin Or 3d wk Apr. IJi.OtK, i i M o w 2,007,0 -111
Dee if. AKan.C. t*t wk Apr
2.136
1,57:6
38.384;
JDe* M. N, A « . March . . . .
37.921!
25,765'
112,096
Del, Lans'gA X o.. . . . wk
__ __
Apr.
21.359
30,680
_: t, i>:
Let. A Mackinac *February,
42,0011
20,93“
82,647
gal,A Ir’nHtinge:December,
3,1837172
Oniutho.P.AAti. id wk.Vnr.
3 0 ,iio
a»,532
4-98,138
i
E3gfn.Jol.AEa8-,; M a r c h . , 134,195
94,057
3*3,705
E rie............... .. February. 2,123,079 1.970,315 •4,4.3*, 101
Eureka 8nrta*8» February. ,
4,602
4,129
9.309;
B ra n s.* fn dp U - 2d wk Apr
5,557!
83.362
4.817
Brans, A Rich. |2d wk Apr.
2 ,1 0 0
2,0 2!
27.216
Bvanrr. A T. fl. !2d wk .ypr.
23,199)
20,435
314,152:
Fltebburg..........itv brua rv.. 401,042 479,594 1,080,059;
Flint A p.Marti '2d. wkApr.
52,790
51,668
797,227
Fla.Ceut. APra !2d wk Apr,
47,04.3
37,397
618,426
Ft- W’tftALen.C:.■J ahuary..,
7 4,601
90,610
74,601 j
PtW . ds F.to 0 r .*1st wk Apr
0,202
8,040
103,480;
Bad*. «s AU. V . 'March.
841
605
2,606
S so rg la B B ..... adw'fcApt,
21,935
20,669. 404,911!
Oeorgte A Ala., 51*6 wk A p r
15,268
7,705
162,388!
Oa.Caf'la A No. p.-urnur;,.
54,932
1 7 1 ,« «
Ohm.So. A Fla.. M arch..,..
6fe810
62,087
331.071*:
Ot.Kap. A Inrt. 2d wk Apr,
40,175
503,413
41,414
Cln. A .* FEW 24 wk Apr.
8.18*
9,5.10
117,92:-*!
mveroeCTty jd wk Apr.
809 f
943
12,862
MttS.O. R .A I 2d Wk Apr..
3,154
37,253)
2,323
T ot. all line, 2d wk Apr
52,326
721,558)
94,219
Orand Trank,,. :W(t Apr H: 347.197 3 43,707 4,738,522
Ohio. A Or,Tr.jW'k .Apr, 7
07,46737,062
871.9831
Dettir.H.AM. Wk Apr. 7
18,513
19,529
225,495.
Brest Harth'n84, P, M, * M. ALtrcii.
1, 102,121 919,480 2,931,346
Meet of Mitm.. Marc!
131,729
84,125
359,7**7!
Montana rant. March.
151,636 132,62:
450,173
Tot, system. March,
1,385,4-0 1,1367)32 3,044,780
Bad? A t'hlC'VM-r, VI
2.830,
3,70.)
10,004!
>fc*os.Tutt,A Wit. March
1353
1.720
0,373
1896.
287,160
109.582
111.883
345.722
307,707
15,232
4,303,645
238,713
73,901
139,907
0,873
29,594
73,3*7
1,229,219
409,210
1,096,435
1.892,230
102,645
3,356
3.882
708,975
530,180
-648.017
.
74,978
3,938,327
9,247
787,6*59
1,0*6,108
796,905
4,205
101.815
2,5-1,126
539,441
4.505,440
1,043,460
7,496.545
0. 035.885
2*3,314
3,333,243
907,011
435.013
13,443
163J123
796,177
56,264
167,450
3,621,703
2*9.1.678
302,143
343.830
561,029
209,071
3,500
1,387
109.014
1,840,207
22,194
71,128
294,390
40,760
1,510,837
451,334
2606)90
4,004.335
8.947
81,205
26,105
276,710
992.912
682,282
599,603
0 0 ,0 1 0
105,4-17
1,761
366,1*55
114,904
121,357
100.402
55(1.349
118,897
11,483
32,060
713.816
1, <)- 8,1*17
068,875
227,892
2,293,304
265,730
348,949
2,908,043
10,570
7.882
1895.
Jan. 1 to Latest Bate.
1896.
$
iIon3.ATex.Cen.; January...
316,116
273,532
11,000
8,379
Humest’nAShei) March.......
33.200
Illinois Central. March...... 1,570.685 1,583,234 5,033,322
tnd, Deo.&West.,4th wk Dec
14,146
10,328
475,188
Ind. IE. A; Iowa,'February..
67,183
77,617
156,632
in. A Gt.Nortli'i: :;j wk Apr.
55,464
55,636
931,419
tlnteroo. (Mex.* Wk Apr. -1
40,000
48,330
596,476
Iow a Central-----6,1 wk Apr.
32,890
601,252
25,427
Iron BaUway...;March.......
4,608
4,475
12,573
Jack.T.& K. W.'February..
30,669
46,739
59.201
Jamest’n A I.. E. 'Septetnb’r.
4.265
4,362
31,243
Kanawha* Mid. 2d wk Apr.
10,235
8,349
134,741
K.C.F.Soo« AM 2d wk A pr.! 65,046
64,532 1,219,627
K.C, Mem.A Bir. .2d wk Apr.
15,817
13,737
32S.603
Kan, C. A. W— March., ...
21,700
20,066
64,365
Kan.C.&Beat. March.......
33S
503
757
K.
C. Pitts. & Q-.. 2*1 tvk Apr.
10,260
12,650
170,700
Kan.C. Sub. Bell 3d wkApr.
5,034
3,737
78,596
Keokuk A West. 1st w kApr
5,415
0,870!
107,312
L. Erie A ll. A So.;March____
6,792
5,727
18.147
L. Erie A West.. 2d wk Apr.
02,6*16!
61,387
962.671
Lehigh A Hud.. March.......
33.334'
33,015
97,538
L ex'gton a Kh.-e. F ebruary..
32,142
10,578
14.655
Long Island------ March....... 236.041 267,668
637,403
Los. Ang. Term.'March .
0,589
15.911
23,860
Louls.Ev.A3t.L 2d wkApr.
29.453!
25,801
431,SOS
Lonlsv.AAaahv. 2d wk Apr. 352,940 332,530 5,574.572
Louis. N.A.AOh. 2d wk Apr.
64,031
65,439
840,139
Lou. St.L. A Tex. March.......
32,077
37,201
105,C25
MaoonA Btru>.. March.. !
8,621
4,100
17,414
Maniatlque........ March........
12.199
11.30
33,408
MeiuphlsAChas.
2d wkApr.
---------*------‘ ‘
19,880!
18,393
379,589
t.Mexican Cent,. 2d wk Anr. 172,179 157,268 2,824,019
Mexican lnter‘1. January... 234,547, 196.916
231,547
: Mex. National. ,2d wk Apr. j 94,791
79,190 1,382,440
Mex. Nortnorn..! February..
73,229)
45,753
149,177.
: Mexican R 'w ay ;Wk Apr. 4
58,000: 73,925
853,297)
Mexican So.......:;.l wk Mar.
13.280
8,390:
117,975'
31,208
.Mmneap.Aiat.L. 3d wk Apr.
657,942
31,027
St.3LP.AS.St.M. 2d wk Apr.
62,012
40,021
913,836
Mo. Kan. A Tex. 2d wk Apr. 219,744 217,543 3,253,471;
M o.P ao.A lm n .'! 2*1 wk Apr. 368,000 390.000 5,987,000!
Central Br'ch. 2d wk A nr.
12 ,00 0 ! 10 . 000 .
192,000!
Total........... 2d wkApr.< 380,000: 400.000 0, 179,000;
MobUr A B ln n . .; 1st wk A nr;
4.032
6.525)
76,524!
Mobile A Ohio.. M a r c h . . . 291,431: 283,012
880,802
JIont.AMex.Glf. M u rd i___ 102,359- 119,730
293,993
V ash.0n.A 8t. L. .March....... : 401,943 304,672) 1,287,879
l,ill!
Novada Central February..
1.083
3,638
Xev.C’ yVar.Gxe February..
7,195
8,113
14,228
A. Jersey A N. V D ecem ber.! 27,41*2
27,219
350,543
N ew OrL a So*n. iD ecem ber.
7,890!
12,663
89,026
X .Y .C .A H .R .. M arch ...... 3,799,993 3,718,420 10,464;,600
X. Y .O nt.& W .. j.lw k Apr.
0 0 ,7 -0
58.909
871,,707*
N .Y . 608*1.A W .. March . . . .
106,268: 191,816
488,1.931
Norfolk A West 24 wk Apr. 249.819
............ ........
-------------3,232,091
109,015
NorUio’ rn (Oa.).! Februarv,.
0.853;
12,900
4.0921
Nortb.'u Central i'. bru .rv
442,778. 448.808
953,987
Vorth’n Pacino |3d wkMar. 303,181, 303,720 3,177,057
*Oconee A West Fcliruary..
2.930
5,892
1,470
Ohio River.
18,332!
14.356
253,713
.(24 wirApr.
Ohio RlV.A Chas March......
17.898
55,247
18.503
Ohio Sontherti. March ,,
198.370
6,1,255
04,214
Oregon Imp. Co jFebruary.
820,960 235,073
471,105
Pacillc Mali.... February.
843,897 384,301
6*7,371
Pennsylvania *, February.. '4,010.034 4,410.634 9,039.905
PeorlaDec.&Ev 2d wk Apr.
18,147
246,520
11.808
Petersburg........,February ,!
45,084
01,040
37,218
Pblla, A Erie... Fc bruary. • 240.682 233,701
535,777
PtdI». A Read'*, February,. 1,350,306 1,4 44,81_ 3,075,759
Coal A ir . d o ... February.. j 1,504,341 1.975,227 3,357,792
TolaIbotnC os February..!2,854,647,3,420,060 6,433,551
768,903
Fh. Read.; A M E . December
62 ,5 9 61 ,9 5 PIUS.C.C.A8U. M arch....... 1,206,289 1,175,225
3,025,353
PUM.Mar.ACh M arch..-..
10.200
3.338
3.381
Pltt.8ben.ALE 2d wkApr.!
12,769
11,669
183,440
Plttsb. A West. 2.1 wk Apr.
34.17406,852
30.801)
Pltta.Cl.ATol 24 wk.Vpr.
205,402
16,630
14.745
Pitta. Pa. A F. 2d wkApr.
5.213
58.675
4,482
Total system.. 2d wk Apr. j 56,021
674,088
50.036
Pitt Young. A A . Febntary,.
67,643
138,627
81.030
quinsy o.A K.(. March.......'
72.183
20,433!
21,9251
Klcb.Fr’ kati.AP. Feb ruary..
54,7- 7.
109,615
49,755*
Blob. A Petersb., February.. • 20,662;
54,643
22,212
RlO Or. Soutn’n i2d wk Apr. i
8,275;
120,120
6,117
Rio Or. Weat’ n .. :3d wk Apr. i 49,700:
021,170
44.500
Hag.TuaeolaAII !March.......!
21,030
8.2201
8.685
»a.-.V,U. A St, L February..
6,404!
12.093
0 051
HI. U A. AT. H : ib wkMar
34,920
83,050
322,108
StJLKen'etABo. M atch....
4,879
13,156
2.470
.-t.LASan Fran. February,
483,470* 413.401
976,326
St.LSoathwTn 2.1 wk Apr.
72,000!
92,700 1.382,700
at.PanlADui'U* M arch....... 103,093
292,236
9-.531
San Ant, A A. P. February., 127,620! 128,580
271,301
8.Fran.AflT.Pac. March......
40,72*!
57.503
146,978
Bav.rm. A West. February., 285,130 266.040
588,770
Sner.rnrev.A 8*> 3d wk -Mar.
62,770
3,374
0,156
SE. Spa. O. A O February..
14,960
30,442
13,706
811verton........... January...
8,300
6,30*1
1.601
bo.U avenA Easl March.___
1,487
3,620
1,328
So. Paeitto Co.—
Oal.Har.AS.A February.. 385,870 337,061
860,433
Lonls'aWest. February..
172.828
78.331
75,038
Morgan'sLAT. February.. 401,015' 400,203
010,585
29,371
S.Y.T. A Mex. February.. 13.627 13,319
Tex. AX. Orl.. February.. 100,205! 111.6' 5
228,401
AtJantlogy 8.5, February.. 9-9.077 950,795 2,230.563
Paeiflo syateib February,. 2,461.382 2,287,990 4,817,870
Total of all. r February..,3.702,400)3,516.017
...... .
7,045,467
799,098
So. Pm -., atom January.
709,098! 092.931
So. Pao.of A rlt J‘ a n u a ry ...( 217,977' 187,475
217,1)77
So.Pao.ofS.M 1January... j 103.043)
103.043
82,002
Northern Ry,. J a n u a ry .., 1 133,980 141,467
15.1.980
Sonthern R v... 2d wk Apr. 328,117) 330,366 5,2-2.728
Spoil. F'l-AVer. February..
14,543)
51,78
20,005)
Staten Isi. K T. February., i 67JL7
130 394
62,201
2,107
947!
995
Stnnyn.ACMl.. F ebruary.. j
Hummii Hranc’j. February..)!
90 2401
17x4,401
67,709!
67.811
Lyk. Val, Coal February..
150 477
07 807
304,881
Tot’! both Co’* February. ( i '5.'*'": 158,054'
Texas A Faelflc 3d wk Apr,]
92 398' 112 922' 1,920,491
3,817)
2,237)
1'sx.B ValAV w March,.,..|
8,072
20,045
520 la 31,035
Tol.AOhioCent 3d wk Apr.
16,209
ZS 1.670
15.237;
I**!, r . a W est.. 2d wit Apr,
30,062
35.947!
534,931
Tol.8t.LA K.O 2d wk Apr.
22 6' O
46.823
10 272
Ulster A Del. . February..
$
273,5321
JJailroad Intelligence*
R o ads .
Latest Gross Earnings.
Week or Mo
AHD
RAILROAD
773
1895,
$
316,116
25,642
4,607,714
427,084
139,115
1,006,246
650,853
413,241
12,195
119.660
33,749
106,847
1,174,586
271,268
50,380
1,026
144,982
56,553
86,663
21,096
940,804
102.096
25.510
660,569
46,759
369,155
5,249,196
787,173
91,239
19,022
30,369
293,742
2,650,462
190,910
1,218,027
87,861
937,527
104,348
475,190
616.660
3,104,790
5,827,306
157.401
5,984,707
75.510
785,314
325,681
1,118,308
3,439
12,229
331.401
102.405
9,835,81.8
917.858
550,057
2,747,666
8,659
939,478
2,745,050
3,280
177.097
44,107
188.610
488,240
071,124
0,097,905
253,309
75,957
482,951
3.013,150
3,808,184
0,881,331
679,120
3,307,204
8.018
126,393
370.858
211,325
01,003
055,100
154,801
58,449
108,953
•45,929
07,597
565,290
26,615
12,824
322,991
8,413
866,623
1,418,900
209,322
323.080
144,082
575,170
77,289
25,212
1,604
2,349
721,119
204,764
1,102,884
30,487
270.14 6
2,305,631
4,430.074
7,463.412
602,931
187,475
82,002
141,407
4,042 384
33,175
126,410
*2,341
194,4-8
152.502
347.080
2,001,723
11,1-0
170.109
262,303
432.215
4* 905
774
THE
Latest Gross Earnings.
B O iD I
Onion Paelflo—
On. Pao. K K ..
O r.S.L .A U .N .
8t.Jo8.AGd.Is
Kan.O.AOm.
Tot.8t.J.AG.I.
Cent.Br.........a
A ob.C ol.A P .)
Ach.J.C.AW (
Cen.Br.AL’dL.
GPd tota l.'c
O. Pao. D. A G ...
Wabash..............
W aco A Nortliw
West Jersey.—
W .Y.Cen.APltts
W eetVa.APitts.
Western o f Ala..
West. Maryland.
West. N.Y. A Pa.
Wheel. A L. Erie
Wlsoonsln Cent.
W rlghtev.ATen.
Week or Ho
1896.
1895.
C H R O N IC L E
Jan. 1 to Latest Date.
1896.
1st week o f A pril.
1895.
#
*
8
$
F ebruary.. 925,467 940.344 1,862,796 1,910,864
637.325
750,283
F ebruary.. 363,583 306.863
90,559
F ebruary..
96,526
47,624
42,312
12,241
15,717
February..
6,744
5,794
146,342
3d wkM ar.
12,505
148,574
15,151
156,934
2d wk Apr.
10,000
195,338
12,000
42,597
48,209
February..
22,794
21,996
85,122
116,291
February..
53,953
43,188
February.. 1,508.077 1,433.873 3,062.679 2,937,995
444,731
447,150
F ebruary.. 206,768 206,037
3d wk Apr. 231,964 229,916. 3,570,942 3,430,325
43,313
19,630
February..
40,015
20,877
163,110
181.914
80.240
F ebruary..
89.567
221,677
M arch.......
273,050
84,319
102,419
27,534
22,917
22,917
27,534
J anuary...
79,231
47,931
February..
99,788
38,351
92,354 1,298,187 1,248,453
December.
98,737
682,099
739,616
53,600
1st wk Apr
63,100
369,767
371,836
26,262
3d wk Apr.
29 ,(0 9
71,599
976,681
70,943 1,051,944
2d wk Apr.
17,499
27,710
M arch.......
6,695
9,938
Interoceanio (M ex.)........
Keokuk A Western..........
M exican R ailw ay ............
Total (78 roads)............
Net increase (1-60 p, o.),.
[V o l .
1896.
1895.
incrcast.
$
40.000
6,870
58.000
$
46,830
5,415
73,925
1,455
5,730,909
5,640,560
........
249.266
90.349
9
LXII,
Drcrti se.
*
6,830
'{5 ,9 2 5
158,917
Net Earnings ttonthly to Latest Dates.—The table fo llo w
in g shows the 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 18, 1896. The next wil'
appear in the issue of May 23, 1896.
Gross Earnings.-----a.------Net E arnings.-----1896.
1895.
1896.
*1895.
Roads.
$
S
Buffalo & SusquelTa.Mar.
37,473
22,555
14,279
5.886
July 1 to Mar. 3 1 ___
363,352
252,963
166,594
95,982
Ohes. O. & So’ w n.b-.F eb.
198,728
75.361
165,306
45,180
Jau. 1 to Feb. 2 9 ___
402,023
342,236
148,529
98,599
* Figures given do not lnolude Oregon Ry. A Nav., Un. Pao. D enver A
July 1 to Feb. 2 9 ___ 1,740,172 1,559,541
639,100
573,869
Gulf, D enver L eadvllle A Gunnison, Montana Union and Leavenworth
94,201
Topeka A South western, a These figures inolude results onl eased lines. Clev. Lor. A W heel...Feb.
79,593
13,693
19,503
38,757
Jan. 1 to Feb. 2 9 ___
187,565
162.282
b Inoludes earnings from ferries, eto., not given separately. J M exi
26,795
July 1 to Feb. 2 9 ___ 1,074,790
can ourrenov. e Inoludes on ly half o f Lines In w hloh U nion P acific has
944,533
321,755
293,773
a half interest.
Col. Hook. Y al A T b Feb.
210,886
1 8 1,2)8
84,901
60,494
d Includes operations o f the Chic. B urlington A N orthern In b o th
Jan. 1 to Feb. 2 9 ___
416,205
385,901
165,339
134,410
years.
Des
Moines
&
K.
C
.-.F
eb.
8,661
5,743
3,882
849
5 Covers results fo r lines directly operated east o f P ittsburg,
- Jan. 1 to Feb. 2 9 ___
16,407
12,365
6,531
2,525
e Includes results on affiliated lines.
Keokuk & West’ll, b .. Feb.
32,352
26,270
12,573
8,79 L
Jan. 1 to Feb. 2 9 ___
68,518
53,509
28,375
17,623
'' Latest Gross Earnings by Weeks.—The latest weekly earn
NevadaC’yN
ar.G
’
ge.Feb.
7,195
6,113
2,046
708
ings in the foregoing are separately summed up as follows:
3 an. 1 co Feb. 2 9 ___
14,228
12,229
3,398
1,909
For the second week of April our preliminary statement
8us. A West..b.M ar.
166,269
191,816
73,017
72,729
covers 69 roads, and shows 6-79 percent gain in the aggregate N. Y.Jan.
1 to Mar. 3 1 ___
488,931
550,657
203,395
200,959
over the same week last year.
July 1 to Mar. 3 1 ___ 1.677,356 1,623,922
713,044
562,093
Tenn. Coal 1. & R R . .Mar.
79,037
67,101
254,868
159,976
2(l week o f April.
Increase.
Decrease.
1895.
1896
Waco A Northw’n __ Feb.
10,576
20,877
19,630
8,707
8
*
$
9
Jan. 1 to Feb. 2 9 ___
40.015
43,313
16,699
22,18 3
3,464
27,192
23,728
293,172
W isconsin C entral...F eb.
248,040
83,526
49,820
Ann A rbor....................... .
3,970
29,092
25,122
Jan. 1 t o Feb. 2 9 ....
574,959
261,524
493,253
191,489
12f25fl
Atlantic A D a n v ille ___
2,223
14,481
___
July
1
to
Feb.
2
9
2,949,890
2,628,003
1,037,714
769,69
3
Balt. A Oblo Southwest
918
111,355
115,273
9,938
Brooklyn E levated........ .
6,695
5,462
2,605
2,785 Wrightsv. A Tenn...M ar.
35,763
38,548
Jan.
1
to
Mar.
3
1
___
27,710
17.499
15,635
Buffalo Boob. A Pittsb’g.
def.2,918
66,158
57,581
8,577
July 1 to Mar. 31___
75,175
59,884
32,662
Burl. Ced. Ban. A North.
13,111
3,024
62,973
65,997
Canadian Paciflo............
77,000
363.000
286.000
a Net earnings here g iven are a fter dedu cting taxes,
Chesaneake A O hio........
17,643
171,960
189,603
b Net earnings here given are before dedu cting ta x es.
Chicago A East. Illinois
7,382
73,859
66,477
Ohicago Great W estern..
23,953
65,643
89,596
Interest Charges and Surplus.—The following roads, in
Chicago Milw. A St. Paul,
457,204
91,181
548,385
Ohio. Peoria A 8t. Louis.
18,689
896
19,585
addition to their gross and net earnings given in the foregoing,
Chicago A W est Miohlgan
. . . . . ..
3,569 also report charges for interest, &c., with the surplus or deficit
28,112
31,681
Oln. Jackson AMaokinaw
4,988
9,944
14,932
above or below those charges.
Cleve. Canton A 8outh’n
1,150
13,618
12,468
Clev. Cln. Chlo. A 8t. L ..
244,369
18,714
225,655
*—Inter319rentals, <Cc.—» r-BaX. o f Net Earn* —
Clev. Lorain A Wheel’g ..
4.172
24,875
20,703
1896.
1895.
1896.
1895.
Col. Sandusky A H ock’g.
123
13,327
13,450
$
$
$
*
Roads.
___ _
Denver A R io G ran de....
5,400
130,100
124,700
Buffalo & Susqueh’a.Mar.
12,987
8,804
1,292 def.2,918
D etroit Lans’g A North’n
20,680
67*
21,358
July 1 to Mar. 3 1 ___
107,938
79,237
58,656
16,745
Duluth 80. Shore A Atl.
29,532
30,110
578
Tenn. Coal I. & HR.-Mar.
47,884
18,366
48,735
31,153
Evansv. A Indianapolis.
740
4,817
5,557
2,806
Jan. 1 to Mar. 3 1 ___
143,652
157,170
111,216
Evansv. A R ichm ond___
166
2,024
2,190
Evansv. A Terre H aute..
2,744
23,199
20,455
Flint A Pere M arquette.
51,666
1,120
52,786
STREET B A IL W A fS AND TRACTION COMPANIES.
Fla. Cent. A P eninsular..
47,045
37,397
9,648
The following table shows the gross earnings for the latest
G eorgia...............................
22,394
379
22,015
Grand Rapids A Indiana.
1,239 period of all s t r e e t railways from which we are able to obtain
41,414
40,175
______
Cincinnati B. A F t. W ..
1,351 weekly or monthly returns. The arrangement o f the table is
9.539
8,188
Traverse City.................
134
809
943
the same as that for the steam roads—that is, the first two
Musk. Gr. Rap. A Ind .
3,154
2,323
831
columns cf figures give the gross earnings for the latest
Grand Trana o f Canaaa.
343,707
3,490
347,197
Intern’l A Gt. North’n . . .
9,632
57,065
47,433
week or month, and the last two columns the earnings for
Iow a Central....................
5,242
29,538
24,296
the calendar year from January 1 to and including such latest
Kanawha A M ichigan___
10,235
8,349
1.886
week or month.
Kan. City F t. 8. A M e m ..
65,046
64,532
514
Kan. City Mem. A B irm ..
2,030
15,817
13,787
STREET RAILW AYS AND TRACTION COM PANIES.
Kan. City Pittsh. A Gulf.
___ _
10,260
12,650
2.390
Kau. City Sub. B elt.........
4,842
3,671
1,171
Latest Gross Earnings.
Jan. 1 to Latest Date
G koss
Lake Erie A W estern.......
62,696
1,309
61,387
E a r n in g s .
Lonisv. Evansv. & st. L
29,453
3,592
25,861
1895.
1896.
Week or Mo 1896.
1895,
Louisville A N ash v ille...
352,940
332,530
20,410
Louisville N. A. A C bio..
65,439
64,031
1,408
Memphis A Charleston..
19,380
18,393
987
kron B edf’ d &Clev. M arch___
15,389
5,379i
M exloan Central..............
172,179
14,911
157,268
49,199
kron St.Ry.A 111. Co M arch___
41,361
16,777. 13,798
M exican National............
94,791
15,592
79.199
.msterdam St. R y ... January...
3,564
3,257
3,564
3,257
Minneapolis A 8t. Louis.
32,480
32,930
450
77,163
.tlanta Con. St. R y .. M arch___
60,091
26,908 23,234
Minn. St. P. A S . Ste. M ..
62,612
40,621
21,991
attimore T raction... M arch___
87,267| 81,977 256,857 229,713
Mo. Kansas A T exas.......
219,744
2,201
217,543
3,945
ath 8t. Ry. (N. Y .).. M arch___
3,445
1,313
1,266
Mo. Pacilio A Iron M t___
368,000
390.000
22,000
ay Cities C onsol___ M arch___
18,866
17,464
6,121
6,258
Central Branch.............
10,000
12.000
2,000
ingliamton St. R y ... M arch___
23,456
29,082
8,372
9,932
New York Ont. A West’ll.
60,780
58,909
1,871
65,573
55,660
ridgeport T raction. M arch___
22,406 20,227
Norfolk A Western..........
199,046
249,819
50,774
rooKton Con. St. Ry. M arch___
51,423
61,678
22,051 18,587
Ohio R iver.........................
18.532
14,356
4,176
rooklyn H eights— M arch___ 335,805 300,640 985,908 626,019
Peoria Deo. A E v a n s v ...
16,147
14,898
1,249
r’klyn Queens & Sub February.
97,343
46,138
47,633 22,702
Pittsh. Shen. A L. E rie..
11,669
12,769
1,100
rooklyn T raction—
Pittsburg A Western.......
56,021
50,i 36
5,985
Atlantic A v e .......... M arch....... 73.828 61,597 215,454 127,326
Rio Grande Southern___
8.275
6,417
1,858
B rooklyn B. & W. E. M arch.......
15,246
14,220
5,741
4,745
810 Grande Western......
42,200
39,500
2,700
142,572
M arch....... 78,573 67,338 229,674
T otal..................
St. Louis Southwestern..
72,600
92,700
20,100
uffalo R y ................... D ecem ber. 162,749 132,872 1,714,163 1,536,284
Southern R ailw ay______
326,117
339.366
13,249
26,467
28,973
entral Trac.(Plttsb.) F ebruary.. 14,156 12,483
Texas A P acific...............
104,700
115.805
11,105
heater T raction....... M arch....... 13,732 12,683
32,780
38,499
Toledo A Ohio C e n tra l...
3H.563
28,554
10,009
hie. & So. Side R.T.. M arch....... 67,026 70,013 193,012 193,073
Toledo Peoria A West’n ..
15,237
16,209
972
in. N ewport & Cov.. February.. 42,702 37,254
76,689
89,402
Tol. St. L. A Kan. C ity..
35,w47
30,662
5,285
1,490
4,282
ity Elec. (Rome,Ga.) M arch.......
Wabash..............................
227,716
220,57b
7,140
leveland City R y .... F ebruary.. 78.987 66,699 160,889 139,335
Wheeling A Lake E r ie ...
26,543
25,239
1,304
Leveland E le ctric... February.. 118,977 95,631 241,384 199,527
Wisconsin C entral___. . .
71,599
70,943
656
3,121
27,000
44,2711
2,340
oluiubus RR. (G a ).. December.
olumbus St. Ry. (O.) 2d wk Apr. 11,766 11,134 172,226 155,851
Total 16.0 ©TV's .........
5,755,365 5.389,212
469,818
103,663
60,929,
cney Island & B’lyn. M arch....... 20,128 22,435
73,677
e.)..
on sol. Traction. N. J M arch....... 208,237 183,754 606,265 497,949
366,153
Liabilities.
enver Con. Tramw. M arch....... 56.345 53,558 162,787 157,256
Capital......... 5 0 7 3 1 ’Oal of April our final statement covers
101,296
etroit R y .................. M arch....... 34,248
Surplus fund 14*8 42*811 60 per cent gain in the aggregate.
M arch....... 19.058 18,124
5 i ‘, 432
53.755
nluth St. R y..........
Undl. profits
27,607
9,415
rie Elec. Motor Co M arch....... 11,212
32,618
5'3 17*1
1,255
M
arch.......
3,623
Circulation..
9 5 13*9
February..
1896.
12,449
1895.
13.058
27,010
26,317
Increase.
Decrease.
t
Dnctodep’rs 9 5 9 3-r.t'i t
stonville M. & P.—
Due to banks 3 7 8 ISO 9
*
troll 8treet.............. December. 49,829 29,492
9
$
9
Other i ab i.
24
3-6
5,623,903 5,512,811
2,172
247,254
lace Street.............. Decem ber. 10,265
136,162
2.130
1,579
557
T otal...................... December. 60,094 31,664 511,193 303,894
Totals — •217*5 0 3 0 ’8
C H R O N IC L E .
Latest E arnings Reported. Jan. 1 to Latest Date.
WeekorMo
1896.
1895. i
$
1896.
563
iloosick B y ........... . Maxell..
15,366 15,858
Houston City 8t. Ry.. March..
Interstate Consol- or
9,235
North Attleboro .. March.......
Late St, Kiev. iChto.) January... 52,855 44,679
8,941
9,166
Lehigh Tracti-m........ March.......
1,227
Lock Haven Traction February..
5,785 "3,533
London St Ry. (Can.). March.......
6,337
5,13 i
Lorain St. K y............. March.......
Lowell Law. A Hav.. March...... 26,791 26,16
2.',772
23,675
2d
wk
Apr.
Lyan & Boston.........
Mefcrop. {Kansas City1 2d wk Apr. 31,966 32,984
3.600
3331
Montgomery St. Ry March.......
Montreal Street Ry... March....... 92,116 78,633
23.887
24.301
Nashville St. Ry........ March.......
3,594
5,81s
Newbarg Electric— November.
New England St.—
Winchester A ve— March____ 14,389 13,964
1.761
2,063
Plym’th A Kuutaton March.......
4.349
3,90 J
Total...... ........ ... Wk Apr. 18
2,485
4,620
New Haven ACentre v. January...
New Haven St. B y ... .March...... 12,679 11,742
2,280
2,415
Sew London St Ry.. February..
Ne w Orleans Traction IMarch....... 11U.0&9 103,852
N. Y. A Harlem. .......(December.
Northampton St. Ry.
6,256' 4,020
..................... .'larch........
7a 7 j ............
Ogdeastmrg 8t. R y.- .March— .
23,843 19,452
Pat«r*on Ry.............. March. ...
Fitts. Frunteoac A
1 ,3 1 4 '............
Snb.Etec. Rv.iKan.t February..
5,448
Po'keepsle A Wapp. F.i March......
2,968; 2.528
Roanoke Street........ Match.......
Rochester Ry............ February.. 67,937 56,289
3,470
5,441
Savannah Electric. . . February..
7,095;
6,931
BehuyIklll Traction... j March— .
3,739
2,9651
Schuylkill VaLTrao.. March.......
Scranton Traction— M a rch ..,.. 26,523 20.9201
Second AVc. (Pttteb.) Marcu....... 34,390 20,605
6,338
0,0-0
Sioux City Traction .' March. . . . .
Stein way Ry— _____ :March....... 20,721 15,731'
991
8881
Strcator Railway. ... February,.
Syractiae Con*oi. ... March----- 10.856 14,637.
2,813
Syracuse E'st-SMeRy. 1March.....
Syracuse St. Rtt........ .March....... j 24,370 ‘ 15.759;
7,009
Terre Haute JBV. Ry J unuary.,. 12,819
Third Ave. (N. V.)___January.. 198,752' 185,580
74,450 70,10*
Toronto Ry. ............. .March ...
Twin City Rap. Tran. March___ 154,542': 1.50,231
Union (N, Bedford). . March.. ... 14,730: 11,990
9,8t;
Coton Ur. tsaxsnawj. December
Umteit Tra:t. iProv.r February.. 125.075 102,565
8,*99!
Unit. Tra.-- (Reading) February,. 12,014
Utica Beit Line......... M arch.. ,..\ 13,4*9 11,547
3,297' 3,024
Wakefield A -ton e— March___
la ,152 17,039
Water bury Traottoo..; March---8.870
12,1-0
Wheeling Railway... February.
Wilke* b. A Wy. Valley (M arch... . 36,791'
36.743
Worse* tor Otraeot...... March .
&8
44,679
24,273
10597
15,861
70,177
451,873
10,98'
274,597
417 833
9.930
219,471
42,681
5,997
39,705
5,170
4,620
” 2,485
30,98*
34,712
5,101
4,7. 8
331,877 234,021
,015,076 1,106,017
19,307
2,489
69,121
2,711
16,043
8,162
136,040
a a jiej!
11,038
75.437.
97,187
18,856:
00,349
2,12c;
12,997
54,84*
6,742
119,283
18,187
7,272
56,865
52,142
16,307
44,211
1,8*7
44,014
32,4*9.
*,159
36,332
0s,796|
7,809
12,819
19-1.752: 185,580
222,295 203,205
488,6161 437,15*
4(,«.V.i
31,913
127,81
256,654 2 py.iot
24,265
19,454
32,300
38,066,
9. >1*
7,961
5a,890
50,809
18,642
23,656
112,057
81,0(12
106,7471 87,263
Street Railway Net Earning:*.—The following table gives
the return* o f 8TKK2T railway gross and net earnings received
this week. In reporting these net earning* for the street rail
ways, we adopt the same plan as that for the steam roads—
that to, we print each week all the returns received that
week, hut once a month (on the third or the fourth Satur
day) we bring together all the roads furnishing returns, and
t ie latest statement o f this kind will be found in the
C h r o n ic l e of April 18, 1896. The next will appear in the
laeue of May 33, IS9«.
-Gross Earnings,1895,
1886,
Roods,
»
*
1,313
Bath Street .Ry....... Mar,
1,266
3,945
J in. 1 to M ,r 3 1 ....
3,445
2 2,0 j 1
19.587
Brockton Con.8t.Ry.Mar.
51,423
Jan. 1 to Mar. s i . . . .
01,678
Brookly n Traction—
Atlantic Avenue-..
215,454
127,326
Jail, i to Mar. 3 1 ....
Brooklyn R AW. E n d Jan. I to Mar. 31 ...
14,220
15,246
Corn y W and A B’ktyn—
73,677
Jan. 1 to Mar. 3 1 ....
60,029
53,553
Denver Con. Tramw. .Mar,
56,345
157.256
Jan. 1 to Mar. 3 1 ....
162,787
26,162
Loweil La write A 11.Mar.
26,790
70.177
70,047
Jan. 1 to Mar. 31.....
127,916
Menep'BSt.
0,M»r,
184.047
355,098
Jan. 1 to Mar. 3 1___
388.464
June 1 to Mur. 3 1 ..., 1.477,394 1,413,414
Montgomnry Ss. tty..Ms*.
3,831
3,600
9,930
Jan. 1 so Mar. 3 1 ....
10,981
elottk City Traet'n. Mar.
6,358
6,000
18,307
J»n. L ie Mar. 8 1 ,...
18,858
70,201
Toronto Street R r ...Mar.
74,450
203.205
Jan, 1 to Mar. 31......
222,293
Twin city Rapid Tr,.Mar.
151,542
150,231
437,15*
Jan, 1 to Mar. 3 1 __
4fi9A16
17,030
Waterbary Traet'n. Mar.
18,152
Jan. 1 to Mar. 3 1 ___
58,890
50,960
31,223
Werwwter Consol__ Mar.
36,745
Jan. 1 to Mar. U . . .
106,747
87,283
•Set Earning,.1995.
IUM.
S
$
233
67
40
S3*
7,885
8,345
19,776
21,803
70,272 def.71.9S0
drf.116
10,693
80,391
01,0)7
0,533
21.281
51,117
139,30*
612.037
1,591
4,922
1,135
2,878
30,012
91,970
81,738
241,127
7.115
24,152
8,585
22,507
420
16,186
19.206
56,523
8,775
14,326
47,221
112,080
326,610
1,128
3,500
207
742
30,479
81,362
79,157
223.060
4,935
7,442
15,044
Interest Charge* and Surplus.—The following Street
railways in addition to their gro«* and net earnings given in
the foregoing at« report charge* for interest, A c., with the
surplus or deficit above or below those charges.
e-Inter't,
tu rn , rtnUil*.
i
&c.~ -Bcrf. rtf Net Earn*.—*
Mo&df*
D e u m C<m*Trmrow,Mar.
Jm, 1 to Mar* 31....
WwMft&Mf Trftcif- Co. Mar,
Jmu* 1 So Mar.
1808.
$
17.878
53,530
3,158
#,*74
1805.
$
17,414
52,204
2,944
REPORTS.
1895.
8
1,572
25,430
5 2,855
27,882
2,513
16,167
14,496
79,647
ANNUAL
775
Annual Reports.— T h e fo llo w in g is 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 i v e b een p u b lish e d to th e C h r o n i c l e s ia c e
th e last 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
plem ents.
T h is in d e x d o e s not in c lu d e r e p o r ts in t o -d a y ’s CHRONICLE.
R a il r o a d s a n d M is c e l . C o ' s.
R a il r o a d a n d M is c e l , C o ’ s f C o n .j
Volum e 62 P a ge.
Volum e 62—
P a ge.
633 Mexican Telegraph......
.................... 683
American Bell T elep h on e........ .
r
American District Telegraph........ 230 Missouri P acific.............. . . ............... 497
American Soda Fountain , ........... 275 National Lead ....................... ......... 862
American Straw Board .................. 3«7 National Linseed Oil ..................... 275
American Sugar R efin ing.. . . . . . . . . 587 N, Y. & New Jersey Telephone__ 548
American T obacco, . . . . . . .
.. . 317 Norfhern Central...............
381
Baltimore Chesapeake & Atlantic. 274 Northern P a cific,............................ 545
454 Oregon Railway A Navigation Co. 229
Bangor & Aroostook.................
Brooklyn W harf 3c W arehouse.... 547 Panama HR...................
680
Canadian Pacific................632, 837,, 661________
Pennsylvania
__________________________
R R .................. .
453
___
Central RR- o f New Jersey .. .. .
380 Peoria Decatur A Kvansville....... 681
Central 3c So. A m. Telegraph........ 882 JPhiladelphia & E rie..................
316
Central
Central_
V erm on t..... ....................... 315 Philadelphia
■PhiladelphiaSS
ccReading
Reading . ...............................
. . . . . ____ 360
.........................
elphin Wiln
...................................n
& B #.-Re..
t „ —229
Chicago Burl. & Quincy. ..fifty, 679. 685 ; Pitts, (in . Chic. & St. L ....708, 725, 727
Chicago St. Pan!
Min. &
............ 410 Pittsburg at
__________
- O
...............
r ie ..............
680
Sc Lake E rie........
g
. “
- m a& G ulf............. 183 Pittsburg & W e s t e r n ..................... 454
!ton & Dayton. . . 182 Q uincy Mining C o...... ............... .. 382
eland A Pittsburg. ..............
548 St.Louis Merchants’ Bridge Term5! 382
liorado Midland........... .
182 St, Louis Vrmdalia & L\ H ............. 273
Coiambus Hock. Val, & T oledo .. . 724 South Carolina A Georgia............... 274
Commercial Cable Co...... .
412 Southern NT. E. Telephone. . . . . . . . . 318
Consolidation Coal o f Md ... ., . 317 Southern Pacific..........................
680
Cumberland Valley. . . . . . . . . — ... 346 Street’s Western Stable Car Line.. 275
Delaware & H udson Canal .. .. 228, 410 Summit Branch & Lykens Valley. 500
Delaware Lackawanna A W estern 228 Tamarack Mining Co.........
iamond Match------------317 Tennessee Coal, Iron & Ri
il
son Elect, Ilium,, B rooklyn.184, 229 Terminal RR. Ass’n o f St.
499
Ison. Klee. Ilium, o f X, Y ... 184, 361 Texas Central........
548
■ib & Telephone...... 275 T exas & P acific...
& Broad T o p ............. 316 Trenton P o tte r ie s ......................... iok
ll
31*3 Union Pacific Denver & G u lf........ 545
e s te m . ................... 880 United States L e a th e r ........ .... 411
Lake Erie A Western
St r e e t R a i l w a y s .
lA'high
Coal A Nsi
'
rh final
XarigatIon..
... ... .. m 3
--------* & Si, L o u is.. 4W Louisville R a ilw a y .......___ . . . . . *411
villa JfrapsvBln
............ . 457. North Hudson C ounty........
411
Maryl.
(axiom Centra!............................. 315 Sacramento Electric r o w , & L gt.. 411
Mexle
Mexican International... . . . . . . . . . . .
Twin City Rapid Transit................. 500
Mexluaxt XaUonal. . . . . . . . . . . . . . 5S8. 591
.
G aoss
E a USI no s .
THE
.
A pbil 35, 1896.]
1898.
$
2,513
7,527
3,957
14,978
1890,
$
1,792
4,319
1,891
Grand Rapids & Indiana Railroad.
(Report fo r the year ending Dec. SI, 1895.J
First Vice-President W . R. Shtlby says in the report:
Defaults— A portion of the notes of tin Mackinac Trans
portation Co., representing tne one-third interest o f your
company in the steam ferry boats at the Straits of Mackinaw,
fell due in June last, and as your Bm rd was unable to pro
vide for them they were lifted by the Pennsylvania RR. Co.
by an advance of $10,171.
Tour company l i e provided for the interest on its first
mortgage bonds, but could not pay that maturing on the
second mor:gage. It has made default in meeting the in
terest due March 1st, 1895, on the 4 per em t bond scrip,
thereby terminating the agreement of March 4;h, 1898, for
funding the coupons on 3 per cent bonds.
Foreclosure and reorganization—la April last, after re
peated defaults, the trustees under your second mortgage 6
per cent bonds commenced suits in the United States Court,
praying for a receiver and foreclosure of that mortgage.
While no receiver has been appointed your board has con
ducted the business in the same manner that a receiver would
have done, at much law expense.
A foreclosure and sale of your property under the second
mortgage now pending will necessarily terminate the exist
ence of present capital stock, and also the third mortgage 5
per cent bonds. But it is reasonable to suppose that some
equitable plan of adjustment of the debt will be made
having in view the present, earning capacity of the road to
yield a fair return on same.
Under a contract with the Continental Improvement Co,
the Pennsylvania RR. Co. is proceeding as rapidly as eireum
stances will permit in extending at 4*4 percent the 7 per cent
first mortgage bonds of your company. During 1895, $1,258,000 of these bonds were extended, leaving that issue at the
cloee of the year: 4‘ £ per cent bonds.extended, $3,880,000; 7
per cent bonds to be extended, $1,489,000.
General Remarks.—Rutarenoe to the usual tables will show
a substantial increase in gross earnings over the year
previous, and is an encouraging feature in the slow progress
of recovery from the universal stagnation in busine.-s of the
past, three years, in which the territory tributary to your road
ba-fully spared. The increase in expenses is due to much
larger expenditures for renewals and improvements of road
way, and to the change made last year in the classification of
expenses, terminals being charged directly to that account,
instead of income.
The increase in tonnage for the year comes from through
business from the Northwest, which is increasing yearly, and
upon which, if fair rates are maintained, the share to which
y ur line is entitled will add materially to revenue from
your local business, The disappearance of pine timber in
Northern Michigan, tributary to your road, which for many
years past furnished the chief aouree of revenue, can fortun
ately be replaced by utilizing the products of the extensive
and valuable hard-wood forests of this section, the demand
for which is growing,
Western and Northern Michigan, besides its other ad
vantages, has the finest soil and climate for fruit in the
country, the shipments in 1893 from the various counties ad
jacent to your road amounting to upwards of ten million
caskets of peaches alone.
Maintenance,—Tiie General Manager says:
Owing to the enforced (KHtponomont in the prsocdlnv yoart of'
much work whloh wm absolutely eascutUl to the proper in ilutoiiaaoo
360
THE
7 76
C H R O N IC L E .
o f the property, it has been deemed wise to expend practioally all of
these increased earnings in the im provem ent o f its general condition.
Therefore the gain in net is but small.
Bridges and culverts have been kept safe at a total cost o f $lo ,8 6 7 .
There were plaoed in track 3,306 tons o f 70-ponnd steel, w bioh is an
lnoreaso in amount o f 2,258 tons; 211,129 ties were plaoed in main
track and sidings, an increase o f 47,132. Twenty-live miles o f ballast
was distributed. This work will be ooutinued and if possible increased
during the com ing year. Passenger equipm ent has been fairly well
maintained. Freight equipm ent has been well oared for. There were
90 vacant numbers at the d o s e o f the year.
Statistics.—The statement of earnings and income account
for four years is as follows:
EAR N IN G S AN D E X PE N SE S (O N G R A N D R A P ID S & IN D IA N A O N L Y .)
1895.
436
$
594,678
1,342,359
137,804
1894.
436
$
586,490
1,178.705
135,206
1893.
436
$
679,412
1,370,770
135,717
1892.
436
$
757,477
1,613,335
145,828
T otal..................
Exjoenses—
T ransportation----Main, of equipm’ t . .
Maint. of way, etc.
General and taxes.
2,074,841
1,900,401
T otal..................
Net earnin gs...
P.o.op.exp.to earns.
1,664,724
410,116
80-23
Miles operated.......
Earnings—
Passengers..............
Freight....................
Mail, exp. & miscell.
874,117
326,895
351,410
112,302
2,135,899
2,516,640
822,996 'l
284,405 1
271,540 f 1,83?,040
116,780 J
1,810,092
1,836,040
349,859
8 3 ’99
1,810,092
706,543
71-92
1,495,721
404,630
7 8 ’71
* Includes interest and rentals.
INCO M E ACCOUNT.
1895.
$
410,116
1894.
$
404,680
1893.
$
349,859
1892.
s
706,548
532,460
24,196
59,487
564,948
34,386
103,260
563,581
39,593
89,113
724,850
46,997
177,866
702,594
692,287
616,143
T otal..................
B alanco.............
def.206,037 def.297,914 def.342,428
def.243,165
Receipts—
Xet earnings..........
Deduct—
Interest on bon d s..
Int. on float’g d eb t.
Miscellaneous___ _
G E N E R A L ACC O U N T
^ nng^
Road, equipt, etc........ $17,376,661
170,788
Investments.
G. R. & Ind. bonds in
154,000
treasury............... —
155,966
Due by other com p’s ..
Due irom agents and
79,513
conductors................
249,807
Cash...............................
599
Bills receivable..........
136,035
Supplies on band........
Equalization o f car
trust expenditures..
69,791
Equalization o f loe’e
45,386
eqnipt. expendit’s ..
3,724,010
P roht and loss...... ....
949,713
DECEMBER 31, 1895.
Liabilities *
Capital sto ck ................ $4,986,081
Fund, debt (see Supp .) |13,000,000
Four p. c. b o u d s cr ip .. 1,293,200
Coupons not ex elT d ...
205,200
M’ tges on real estate..
197,650
198,955
Bills payable ..............
Coupons........................
1,571,949
A cc’dinr.on fund.debt
39,750
A cc’d in t. on unf’dedd ebt 13,826
Due other com panies.
111,192
Accounts payable.......
207,285
Freight car trusts.......
292,081
Locom otive notes not due 45,386
T otal....................... $22,162,556
—V. 62, p. 543.
T otal...................... $22,162,556
Allegheny Valley Railway Company.
( Report fo r the year ending December 31,1895.)
A statement of earnings, expenses and 'chargesjjforj four
years shows the following:
EAR N IN G S AN D E X PE N SE S.
1895.
1894.
1893.
1892.
Total earnings................... 2,569,083 2,176,708 2,436,816 2,636,695
Operating expenses..........1,569,655 1,351,780 1,559,789 1,603,002
Net earnings................... 999,428 824,928
In ter’st and dividends, etc.................................... .
877,027
............
1,033,693
5,374
Total................................. 999,428
824,928
Deduct—
Interest................................... 1,139,467 1,127,580
State taxes...........................
47,777
25,668
1,127,888 1,128,913
26,188
............
T otal.............................. 1,187,244 1,153,248
D eficit..................................... 187,817
328,360
1,154,076 1 128,913
277,049
89,846
G E N E R A L ACCOU NT
A ssets.
Hoad and equipm ’t...$4 2,89 2,55 3
Cash...............................
340,810
Material on hand........
186,533
Due bj RRs,,agts,, &c.
150,694
Special fund -Teorg’n”
85,106
Special fund fo r pay
m ent o f bonds. .......
2,095,307
Profit and loss..............
832,932
Total........................ $46,583,935
—V. 02, p. £63.
377,027 1,039,067
DEC. 31, 1895.
Liabilities.
Stock (see S u p p .) ........$27
Bonds (see S u p p . ) ...... 18
Pay-rolls & vouoliers..
U npaidint. on b on ds..
Accrued int. ou bonds.
M iscellaneous............
,016,723
,931,020
2 2 2 ,1 2 1
29,741
359,978
24,352
From the profit of §1,388,967 in 1895 0 is to be deducted
§511,321 amount written off (viz.: patents and franchises,
§159,264; factory plants, §322,339; other real estate, §29,718),
leaving §877,615.—V. 62, p, 635.
Pennsylvania Steel.
( Report for the year ending December 31, 1895. J
L. S. Bent, Chairman of the Executive Committee, says :
Reorganization.—The reorganization plan was assented to
by every creditor and by 98 per cent of the stockholders, and
on May 15, 1895, the committee purchased at foreclosure sale
all the property, real and personal, of Pennsylvania Steel
Company. On July 9, 1895, a new corporation was organized
under the title of “ The Pennsylvania Steel Company,” with
authority to issue §5,000,000 common stock, §1,500,000 pre
ferred stock and $7,000,000 consolidated joint gold bonds of
the Pennsylvania and the Maryland steel companies,
The capitalization of both companies stands thus—The
Pennsylvania Steel Co.: Common stock, §5,000,000; preferred
stock, $1,500,000; first mortgage bonds on Steelton plant
$1,000,000. Maryland Steel Co : Common stock, §1,000,000
first mortgage bonis on Sparrow’s Point plant, $2,000,000,
also const lidated bonds of both companies on both plants!
§7,000,000, of which $3,000,000 are held in trust to take up
the prior lieDs above mentioned at maturity, and §717,000
bonds and §465 scrip remain in the treasury of the company.
Sales.—The total sales and deliveries of the Pennsylvania
Steel Company in 1895 amounted to §6,679,956, and the gross
profits applicable to interest and extraordinary expenses to
$452,989. The Maryland Steel Co. for fhe year 1895 shows
gross §242,962.
The Juragua Iron Company, Limited, had a better business
in 1895 than in 1894, and has declared a dividend of 5 per
cent out of the profits of last year. This dividend will appear
in the accounts for the year 1896. The rebellion in Cuba
necessitated the purchase of large amounts of foreign ore, as
it was unsafe to rely upon a supply of ore from the Juragua
mines, although up to this time there has been no material
stoppage of shipments and about 25,000 tons have been
received monthly.
General Business.—General Manager E, C. Felton says:
The total amount o f product shipped from the works, in tons o f
2,240 pounds, was 232,000 in 1895, 135,000 in 1894, 178,000 in 1893
and 200,000 in 1892. The selling price per ton of m aterial shipped,
was slightly low er in 1895 than in the year previous, showiug that the
year just closed, in spite of the higher prioes realized during its
closing mouths, covers a period o f lower average prices for our produot than auy year in our history.
During the year the blast furnace belonging to the Looliiel Furnaoe
Company, located about a mile from our works, was leased ou a
royalty basis, but has not been put in blast. Our blast furnace
department is in very good physical condition, but all of our furuaoes
are in need o f increased hot blast and blow ing capacity.
Our Bessem er department has during most o f tile year been in a dis
organized condition, owing to the rem odelling o f the plant. The very
great increase in our production of open hearth steel in reoent years is
shown by the follow in g figures: In 1892 we made 53,000 tons; in 1893,
62,000 tons; in 1894, 60,000 tons; and in 1345.122,000 tons. [Coal
is now used in place of petroleum in this department.] The rail mill
is in excellent condition, and during 1895 made a larger output than
in any year since 1890.
The bridge and construction departm ent was enlarged and im
proved considerably during 1895,10,000 tons o f bridge and struotural
work having been turned out during the year.
In conclusion I w ould say that the works are in good physical co n
dition, and capable of turning out a prodnot m uch larger than we
have ever handled up to this tim e.
Balance Sheet.—Ledger balances of both companies com
bined, December 31, 1895, are as follows :
Assets—
Liabilities—
Construction...................$8,341,573 Capital s t o c k ...........
$7,497,500
Securities ow n ed .......... 3,244,667 Bonds ....................
7,000,000
Bills r e c e iv a b le ...........
154,811 Bills payable (carried
Materials and products 2,835,251
over under reorg. with
Due from railroads and
Md. 8teel bonds as
others........................ 1,116,011
collateral)...................
3C0.000
Cash on h a n d ................
324,740 Due for pay-roll,freight
and m aterials............. 1,211,360
Total a ssets..............$16,017,053
- V . 61, p .4 7 2 .
GENERAL
Total liabilities....... $16,008,860
IN VESTM EN T
N EW S.
Reorganizations Etc.—Latest Data as to D efa u lts,'R e organization Plans , Payment o f Overdue Coupons , Etc ,—
A ll fa c t s o f th is n a tu re a p p e a r in g since th e p u b lic a t io n o f th e
asl ssu es 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 a y b e r e a d ily fo u n d b y m ea n s o f th e fo l l o w i n g in d e x
r iiis ; ndeix d o e s n o t in c lu d e rnat-er in t o -d a y ’ s C h r o n i c l e .
For other minor companies see also index C h r o n i c l e
m en ts
Total....................... $46,583,935
Feb. S,p. 376, March 7,p. Ifi5, and April It, p. 683,
General Electric Company.
(R eport fo r the year ending Jan. 31,1896.)
Volume 6 2 -
T h e a n n u a l r e p o r t o f P re s id e n t C o ffin is g iv e n at le n g t h o n
s u b se q u e n t p a g e s o f th e C h r o n i c l e , w it h fu ll in c o m e sta te
m e n t a n d b a la n c e sh eet.
The earningsfor two years were as below. Otherwise there
are no comparisons to be m a d e with previous years :
„
1895.
Gross earnings.............................................. $13,315,667
Gross expenses..... ......................................... 11,910,240
Net earnings.
Other Incom e...
V o l . LX II.
1894.
$12,961,213
11,451,864
.................................. $1,405,427
..................................
121,040
$1,509,349
302,398
T o ta l...............................
$1,826,467
Deduct—
Interest on debentures...............................
437,500
$1,811,747
Surplus.................................................... $1,388,967
$1,347,164
464,583
AND M is c e l . C o’s.
: R a i l r o a d a n d M is c e l . C o ’ s ( Con.)
Page.
Volume 62 Pane
t. st
_ i „ _ 319; coin. 456
Atchison & Pike’s Peak............com. 58K , not
Det. Lansing &
N _o ..plan,
A t l ..Sc P ac.... .forecl.lS i, 725;recur. 231 ]
do
do ford. 589; reorg. 635
B a lt im o r e & Ohio.........reevr's
do
.
do
repvr. 6S3
do
do
..............corn’s. 115,557 Detroit Mack. & Marquette coup. 683
^ do
do
...........coup's 455, 034 Duluth Transfer........... default 232, 277
Cape Fear & Yadkin V a l. ream. 23:2, 277
„ do
........................ com. f 89
„ do
do
fo r d . t88.03l. 6S2 w i 9, &
Winnipeg, .sole, 320, 502, 635
Cedar Falls & Minnesota.........fo rd . 588 bDuluth
t . Worth & Denver City . . . .reorg. 233
Central Branch, Un. Pac........ .com 8 19 General
Electric.......................... com. 320
Central Ohio.................................coup. i55 Georgia Midland & G ulf........ reorg. 683
Central
central Vermont.reevr's.
\ ennont.rfcar’N. 588; com. 084
031 Grand
Grand Rapids
Raimis &
x-Tmt
en il'koo.
rig
Ind. .sal*,
502; reor. 548
..
...............i turn, owi
ITinuua- Ot.
X-.Sllie.OOif, ooo
Chicago Gas..............consol. 185, 319, 588 interoceanic
Ry of Mex. .plan 304, 083
Chicago & Atchison Bridge...-om . 588 i Jack son v. Tampa & K. W .sale 364 414
Chicago & No. Pac.....................reora. 547 1 Kansas City & Omaha........... fcreel. 502
Chic. Peoria £ St. Louis., .plan.232, 319 i Ktuderh. x, Hudson.sold 502; reorg. 726
Choctaw Okla. & G ...p la n .517, 688, 720 1
Curnb. Gap & Lou........ sol i 6-3
Cm. Jackson & Mack ..............rtorg. 277 Knoxv
Little Rock & Memphis...........sale 364
Cin. & Muskingum Valley___coup. 548 Lou.
Ev.
5c &t. L ...reorg. 186; fored. 502
Cleveland & Canton............... fared . 035 ! T 4 °
change in reevrs. 589, 635, 726
do July. 1895. coup, in clef. 40. 232 !
Coeur d Alene Ry. & Nav.........com. 035 i Loujsv. St. L. & T ex..reorg. deposits 277
do
do
*......... sale. 689, 6S3
Colum. & H . Coal & Ir. coup. 277.502 589 Marietta
& -North Ga...rc-sate 502. 543
do
do
............ reorg. 035 Menip. & Char..coup. 23:};plon.l57, 589
is
1
A pbil 33, 1896.J
THE
CHE.0JS1GLE.
B a i l r o a d kni> M is c e l . C o ’ s (Con-.) R a il r o a d a n d M is c b l . C o ’ s {C on )
Volum e 6 2 —
P a ge.
'Volume- 6 2 —
Page, {
M&mp. & C har..... .mm mi-, reorg. 835 ; Pitts. Shenaniro & L. E ........ consol. 6S4
M&X. m f c f . coupe. 590: plan, 635, 786 Pitt shuns & W estern. . . . . m* vr. 162
Mexican Southern...... rmdimim't. 590 Seattle Lake S. & E. .rwrg. 415, 59a, 643
do
do ...................sale 089
Montgomery ruse. A Memp.,r<rortf« 590
New Orleans & Southern.......plan. 500 So’west'n Ark. & I ud. Ter..... recur. 594
N. V. Penn. A Ohio...sold l U w r . 457 ; St. Joseph & Grand Island...... sale 279
do
do
..,rrf>i*'. 386
Norfolk A W estern ...piaa620, 836, 641
Roanoke & S o .......plan accepted 6S4 i St. Louis Alton & T. H. — ease 036, 684
Northern Paeltte.. .rec-vrs. 833,414. MS i St. Louis & San Francisco.. ,reor<j. 880
do
do coup,.691; p'Vm 742
Northern P acific.... ---------Cam, 365
do
-plan. .537,54.9. 550,. 638, 730 j Staten Island Ft T .,. . „ — wap. 034
Northern Pacific. Br. Line defaults, 500 I Toledo St, Louis & K. C.. ... norg. 360
'
No. P m , A Montana.-----....r«wrfl. «St i
do .............reorg. 187. 463
Helena * Bed M om it'n.... .n>yrg. 720 s d o
Northwest Equipment C o..... .plan 7*20 i Kansas Pacific ............. ........ plan 234
Omaha & St. Louts.......... . . . ,*dd 231 |Union Pacific Denver & G. - . .r. ora. 360
OregonIm proTcm eatCo. .....co m . £65 United States Cordage. - ./ored.187, 321
Ore, By. & Nav........plan operative 278 ! W est Va- & Pittsburg.. . . . . . . .coup. 634
do
do . . . .
....sols 365 1
S m s r r Ra il w a y s ,
Ore..Short Line & U.N *»l<m.503,56J, 726
do
do
do
....'neorg, fig# Brooklyn Tm eth m . .rtorg, 413, 450, 588
Peoria JDeeatur & Lvatoj y .,.. .rmrq, 186 Chattanooga Electric.. . . . ,mld»413, 588
do
do
....cou p . 365 Colninb.& Alary land <Elec. ) - .rtcir. 589
Philadelphia & Reading— dipasmi 188 Houston City S t,.......... ...........sale 548
do
do
........rieerp. 365 Madison City <WIsU.. . . . . . . . . . re rr. 414
do
do
.............. nolr. 500 Mobile A Spring H ill................ s*h- 683
PhiUJu Beading1& XL E ... ........ rmrg. 549 San Fran. & San M a te o ........... mle 684
Plttsb. Clew. A Tol. ,com. 591; coup. 634 Syracuse St. HU..ream . & reorp.504. 044
Pittsburg Marion & C hic.. .sale.591. 742 Ln.atec. Rjr. ( Saratoga. N.Y.).. rrc rr. 553
Albany By,—New Stock.—Of the $300,000 stock recently
authorize*! $2.50,000 is offered at par to shareholders of April
20, one share of new to six of old, payment to be made in
three instalments. May 1, Aug. 1 and Nov. 1, This issue will
make $1,750,000 outstanding.—V. 62, p. 547.
Allegheny Valley By.—Listing.—On the New York Stock
Exchange have been listed $5,889,000 general mortgage 4s,
This mortgage covers:
The railway with branches in all about 260 mile* of mat!. Slain
line, 242 su!!>:«. stone ballasted and laid with steel rails of 80 and 85
pounds In weight Also include. 21 miles of double truck and 106
miles of siding*; also alt lire car*, locomotive* and other equipment or
rolling slock, all o f which are owned by this company ami arc free of
aur Indebtedness o f any kind whatsoever. The re*! estate belonging
to the company, other than right of way, t» valued at $1,450,000.—
V. 62, p. 363.
American Tobacco.—Preferred Stock Seeks to Enjoin D ivi
preferred stockholder by the name of Hall has ap
plied for injunctions to restrain the payment of the 20 per
cent scrip dividend and the 2 per cent cash dividend recently
declared on the common stock. The application as to the
scrip dividend is based on the claim that this distribution
should be pro rata between the common and preferred stock,
for otherwise the voting power of the preferred would be
relatively teduce*). As to the cash dividend, it is alleged that
under the terms of the company’s charter the lull 8 per cent
should belaid on the preferred for the year before the com
mon receive* anything. The company yesterday filed its
answer, claiming that Hall holds but 10 shares of stock and
that the scrip dividend is to be paid out of the accumulated
surplus, which Dec. 81, 1985, was $8,600,871. The case will
come up for a hearing next Monday.—V, 62, p. 614,
Alehina Topeka & Santa Fe Ky. —Preferred Stock.—This
slock is described as follows:
dend.—A
777
Atchison people think that this Is too high and that a probable
nurohase could be m ade fo r Between forty ami S in per cent- iu pre
ferred stock. The sub-comm ittee are c o w at work getting all the (iota
possible,so as to close negotiations as soon as practicable. It is said that
a new line cau be built w hich would parallel the Atlantic & Pacific for
about $11,000 p er m ile, or about $10,000,000 iu all.—Y. 62, p. 7 2 5 .
Baltimore & Ohio RR.—Security fo r Bonds.—In ths In
Supplement issued to-day are descriptions of all
the bonds of lire system, except a few minor loans, together
with reports of earnings available for payment of coupons
on the several issues.
Notice to Holders o f Gold Ssof1935,—Messrs, Speyer & Co., of
this city, to protect the interests of the 5 p. c. bonds of 1985
(loan of 1885), invite holders to deposit their bonds, with all
coupons attached, with them on or before June 1st next, sub
ject to an agreement, copies of which may be obtained on ap
plication at their office. By the terms of the agreement the
interest maturing Aug. 1st on deposited bonds will be bought
by them in case the B. & O. should make default in paving it
at maturity, No charges, it is stated, will ba made'by th®
bankers for their services.
Statement by Baltimore Committee.—The Baltimore Reor
ganization Committee, Alexander Shaw, Chairman, has
published a circular referring to the large amount of new
capital, estimated by them at §30,000,000, which has been
received by the company since 1888, “ without adequate or
satisfactory results,” and to the floating debt, which they say
has been increased from about 83,500,000 to about $16,000,000.
During the same time they find the cost of the road increased
only 8360,908, the real estate decreased 1808,807, and the
rolling equipment, outside of ear trusts, decreased §1,820,953.
The Secretary of the committee writes us as follows :
vestors’
We make no charges o r even intim ations o f wrong doing, but desire
and require that a fall explanation o f the management o f tho p roperty
from the yea^ 188*, when the road was set on It* feet by Mr. Morgan,
-hail be given, and that the nausea which led to the w reoklog o f the
property shall be clearly shown. In this w e think we are entitled to
the support o f all bond and atock holders.
Th© circular in full will be found in our advertising
columns.
Statement by New Tork Committee.—Gm. Louis Fitz
gerald, Chairman of the New York Reorganization Commit
tee, referring to the published statement of the Bahim' ro
committee and to the fact that its Chairman, Major Alt xander Shaw, had long been chairman of the Finance Commit o«
of the road, and closely identified with the late President in
its management, aays in substance :
Mr. StiMdien l.lttio ha* boon iii-trneted to make a full exam ination o f
all the atf*ir* o f t he oom pany, front the com m encem ent o f President
Mayer s administration. In 1888. to the latest possible period. That
exam ination i* now being eonrtiioted, and ail o f lh« questions p re
sented in the announcem ents o f tho Baltimore Comm ittee are being
thoroughly and fully exam ined by Mr. Little. When his report is
completed, It wtii be presented to the security holders. It is proper,
how ever, to state that, so far, ttiero hue been nothing disclosed that
suggests that there has been a loss o r im proper use o f anv securities.
The com m ittee o f which 1 am Chairman has therefore taken up
three questions: (1) The management o f ihe property, (2) its financial
condition, and (3) Its physical condition. The com pany has been
l iced in the hand* o f aide and com petent managem ent, aud exam inaThe preferred stock entitle, the bolder* to non nuraulailve dividends
oti* are being made as to its physical and financial cnndUtou. As
Id each and every flo'Ai year, beginning after tbe 3t>tt» day of June, soon a* these exam inations are com pleted a plan will be form ulated
1886, at sank rate, tnSt estetedtag 5 per cent pee
m -ha'l Be for treatises# o f the problem * that will be presented b y these reports.
teetered by th« board o f director* o f the company, In preference to In the meantime the receiver* have arranged to have the present roll
any payment in or MMMeb year on the common *tqek«r nog other stock ing stock pul in eilectlva condition and are now engaged fu arranging
of the company, but only from undivided t o t profit* when aod no ascer • for additional rolling stock, greatly needed by the oom pany, which,
talced by a*id board; and la case o f dls*o!uUoa nr liquidation of the when obtained. It Is believed will add largely to tbe n et earniugs of
company the holder* at the preferred stock will he entitled to receive the oom pany.
the par amount of their stock out of the asset* of the company ta
priority t© the common stock. So mortgage other than it* /-nerai
mortgvre and Its adjustment mortgage ,a»i] be executed by trie rontpaTiy. nor shall the amount of the preferred stork be lucre ta d tittles*
the execution o f «m.:h mortgage or such mareise of the turnterra shook
shall have received the consent o f the bolder* o f a nioj .nty of the
whole amount of the preferred stock which .halt at the time he out
standing, Ktvon at a mooting of the stockholder, e died for that pur
pose, and the consent o f the holders o f a nisto* Sty o f such part o f the
common stock a* shad be represented at skid meeting.
The tot it authorised amount of the preferred stock o f the company
i* *131,480,000. of which 820,000,UOO ha* been »et apart under the
lan of reorganization, to by used only forth© acquisition « f the 8t.
E
runs &San Fru*.ci*o Batiroad, she Allantic A Paotltij KaUroad and
the Colorado Midland Railroad, or the hoods and obligation* of these
coiupaide*, for the construction of a new lino In plane of the Atlantic
A Paeiflo Baliroad. and to connect the line* tn Southern California
with the Atlantic &Tactile Batiroad #t the Needle*.—V. 02. p. 6*2.
Atlantic Aretitte HR.— Brooklyn Bath A West End KR
(Brooklyn, N\ \
Quarterly.—These road* were leased to
the Nassau Electric RR. iu March, 1886, and the Kings County
Traction Co. was organized to receive the rental. Earnings
of the Atlantic Avenue RR. for the quarter and the niue
months ending March 3t have been reported as follows :
3 was. ervt. (Iron
Star. 31. tamlngt.
la m ........#215,4*4
1 995...........
127,320
9 mas,—
189 V 0....... #667,011
1*94 5....... 824,0*13
#70,272
def.71,966
Other
income.
$19,512
9.854
tale*, etc. t u r .o r d e f .
8245,533
104,283
#57,859
54,884
8233.25)0 sur.#70,l02
207,744 daf, 43,595
Set
carnine/t,
Interest,
Balance,
$*o,53? aur. #9,287
73,495 def.135,607
S
Equipment Trust.—Payment of the instalment of §100,000,
due April 1, 1896, on B. & O equipment trust 5* of 1889 was
extended for one year.—V. 62, p. 034.
Baltimore Traction.—New Collateral Trust Bonds for
$300,000,—The directors have authorized an issue of §800,000
collateral trust 5 per cent gold bonds, secured by 84,000 shares
of Traction stock, deposited in the hands of the Mercantile
Trust & Deposit Co. of Baltimore as trustee. The bonds will
run ten years, redeemable at the pleasure of Ihe company,
after five years, at par and interest, and will be convertible at
option of holders at any time into capital stock at par,
Thia loan, tbe company says, will pay the floating debt
which was incurred last year in double-tracking tbe Pimlico
& Ptkesviile and tbe Curtis Bay lines, in adding to the capac
ity of power houses, in building tbe Waverly Extension, in
tbe purchase of new equipment and improvements at Qwynn
Oak Park and elsewhere, and will furnish all the money
needed to complete tbe present system and pay for the 75
new summer cars now being received. A circular says :
••All o f tht* m ight be accom plished through tho expenditure o f sur
plus earnings dm log a series o f years at tho sacrifice o f dividend*, bu t
the m anagement o f your com pany, deem ing It unfair to the stockhold
ers to longer deprive them o f tho benefit o f a division am ong them o f
tii« surplus earnings of tho property, have arranged for tho issne o f
$900,060 collateral trust convertible 5 p ercen t gold bonds."
Stockholder* will have the privilege of subscribing to the
new bonds at 93, the loan being underwritten. Tho action of"
Loans and bills payable March 81, 1896, $268,000. •
The Brooklyn Bath & West End reports deficit under tbe directors will be ratified at a stockholders’ meeting April
chargee for the nine month* ending March 81, 1893, of 87.157, 30,—V. 02, p. 274,
Buffalo & Susquehanna RR. —Earnings. —The following
against deficit of 88,322 in 1895.—V. 82, p. 458,
statement of earnings and expenses lias been reported for the
Atlantic & Pacific RR.—Negotiations with Atchison.— nine months ending March 31 :
The Wall Street Journal says:
Grots.
Set.
Charges. J ia l.tu r.
The |olot reorganization com m ittee o f Atchison has appointed Mr.
Edward King and Victor W. Morawetr a »ttb■com m itte e w d»ai with
the bondholders of the A. * P. to regard to re ta in in g the A . A P . i a
the Atchison system. The joint committee, it ts said, ha* r e c e iv e d an
offer fe m the A. A P. botidholdets to soil to the A tchison for
slaty per cent in general mortgage four per cent bond* ,md fifty
per sent tn preferrel stock: but It is understood that the
9
months—From > 1805-6..$3<;3,3ft2 $160,501 *107,8.18 $58,866
Jnly 1 lo March 3 1 .1 1884-5- 252,963
95,982
79,237
16,745
Charges include interest $17,188 in 1895-96; §88,473 in
1894-95 ; sinking fund payments, §58,747, against §43,764,
Operating expenses and taxes in 1895 96 were 54*15 percent
of gross earnings and 62 0-5 per cent in 1894-95.—V, 62, p, 283,
778
THE
C H K O N IC L E .
Brigantine Transit.—Reorganization.—The bondholders
are notified by H. LaBarre Jayne, Chairman of the reorgani
zation committee that the time for depositing their bonds
with the United Security Life Insurance Sc Trust Company,
Philadelphia, and paying the 1 per cent assessment, will
expire on the 30th instant.—V. 62, p. 135.
Carbondale & Forest City Passenger By.—Carbondale
Traction—Consolidation.—Tnese companies, belonging to
the Lackawanna Rapid Transit system, have been consoli
dated with capital stock of §450,000.
Chicago Hammond & Western BB.—Terminal RR —In
corporation o f Chicago Terminal Companies.—The Chicago
Hammond & Western RR. Co., with §1,500,000 capital stock,
was incorporated at Springfield, April 20, for the purpose of
building and operating an inter-State belt line around Chi
cago. It is proposed to construct and operate a railroad from
Blue Island, Cook County, to a point in Du Page County, con
necting with the Chicago Milwaukee & St. Paul. The Chicago
Tribune on Tuesday said :
Negotiations are ponding to absorb the Northern Indiana and the
Hammond & Bine Island railways, thus securing a belt from Whiting,
Ind to North Chicago, v ia Hamm ond and Blue Island. The line of
the new Terminal HR. Go., w hich recently secured a perm it to lay
tracks, is from the Union Stock Yards, in Halsted and Forty-seventh
streets, south to the city limits and thence east to the lake.
J. P. Lyman, President o f the new enterprise, says it is backed by
Eastern and London capital and that the construction w ill be pushed
rapidly. The first board o f .directors is com posed o f Edward Chap
man, Jesse P. Lvman, William P. Jenkins, Kossuth R. Bell, James D.
Standish, Frederick S. Winston and A ndrew Comstock.
Frederick 8. Winston is the President o f the Terminal RR. Co.
Am ong his associates in the enterprise are Jam es F. Meagher, F. R.
Babcock. Silas H. Strawn and James H . Miles.
Mr. Winston ,who is identified with both companies, is a
director of the Michigan Central RR.
Chicago & Northern Pacific RR. —Settlement with North
ern Pacific.—The settlement with the Northern Pacific is
upon the following terms: All the §6,000,000 bonds and
$5,000,000 stock of the Chicago & Calumet Terminal Railway
Co. are to be delivered to the Chicago Sc Northern Pacific
bondholders’ committee, in return for which the Northern
Pacific will receive the same securities as would be delivered
under the reorganization in exchange for §5,000,000 present
Chicago & Northern Pacific bonds.
The Northern Pacific reorganization managers are to return
the entire amount of the §2,500,000 Chicago & Northern Pa
cific bonds claimed to have been misappropriated, and to de
posit §20,000,000 of Chicago & Northern Pacific stock with
the bondholders’ committee, and in every other way aid in
securing an immediate decree of foreclosure aad sale. The
various claims between the receivers of the respective proper
ties, including that for occupation of the terminals since
Aug, 15, 1893, are to be settled between the receivers.
The Calumet road is described as follows :
It owns 33 miles o f main traok and 33 m iles o f side track, constitut
ing a belt line about tbe City o f Chioago, and bas oonneotion with
almost every railroad entering tbe city and with a large number o f im
portant industries in tbe neighborhood o f Chicago. This road has
always been operated with the Chicago & Northern Pacific under a
single management, the chief part o f the switching business o f the
Chioago & Northern Paciflo road being perform ed in connection with
the Calumet road. The Northern Paoiflo bought the Calumet road
in 1891 fo r §3,000,000 cash and has since expended a large amount
for additions and improvements.
[ V o i . L X II.
preferred stock shall he entitled to dividends in advance o f the com
mon stock up to 5 per cent per annum, which dividends, com m encing
with Nov. 1. 1897, Bhall he cum ulative. The purpose o f this plan is
to provide for the extinguishm ent o f car trusts, and for an immediate
extension to a connection witli the Kansas City Pitts. & Gulf RR .
(about eight m iles), and to put the oom pany iu a position where,
should the necessities Justify the samo, future extensions can he
made. The voting trustees would lie giad to receive an expression
from certificate holders o f their appoval o f the plan.—V. 62, p. 726.
Coney Island & Brooklyn R R.—Quarterly.—Earnings for
the quarter and the nine months ending March 31 were :
3 months
Gross
end. Mar. 31. earnings.
1896.................... §60,926
1895.................... 73,677
9 months—
1895-6.................$266,230
1894-5................ 251,250
—V. 62, p. 185.
,Vef
earnings.
§16,693
16,186
Other
income,
§356
494
Interest,
taxes, etc.
$13,865
12.545
B alance,
surplus.
$3,184
4,135
$106,113
86,551
$1,687
1,493
$40,733
36,408
$67,067
51,636
Consolidated Kansas City Smelting & Refining Co.—
Sale o f Preferred Stock.—Messrs. Lee, Higginson & Co., of
Boston, are offering at par this company’s 7 per cent pre
ferred stock, which was described in the C h r o n i c l e of
March 28, 1896, under the title Kansas City Smelting & Re
fining Co. The company claims to have a capacity for the
production of gold, silver, lead and copper greater than that
of any other like company in the world. Its capitalization
at present is as follows: First mortgage 6 per cent bonds, due
1900, §1,000,000; preferred stock now outstanding, §228,500;
common stock, §2,500,000.
To secure additional working
capital, $1,771,500 preferred stock, making §2,000,000 in all
outstanding, are now offered for sale.
The company’s operating profit for the year 1895 was $501,.381; deducting the cost of exploitation of copper patents,
§66,592. leaves a net surplus of §434,789. Annual interest
and exchange paid, amounted to §94,123, making a net
available balance of §340,666. President A. R. Meyer says:
Large and regular dividends have been paid since the beginning,
with the exception of the years 1893 and 1894, when, on account of
the panic, all surplus earnings were devoted to extensive additions to
the plant then under construction. The common stock is now re
ceiving dividends at the rate of 6 per cent per annum.—V. 56, p. 403.
Detroit (Electric) Railway.—Construction—This company,
it is reported, expects to begin work on its road to Ann Arbor
about May 1, most of the right of way for the distance of 49
miles having been secured.—V. 61, p. 924.
Duluth & W innipeg.—Sale Postponed.—The foreclosure
sale has been postponed till April 29.—V. 62, p. 635.
Eastern Trunk Lines.—Joint Traffic Association.— U. S.
Suit in Progress.—The suit of the United States to test the
legality of the Joint Traffic Association came up this week
before Judge Wheeler of the United States Circuit Court.—
Y . 62, p. 589.
Excelsior Springs R R.—Receivers.—Charles A. Braley and
Henry Garland have been made receivers of this road, which
extends from Excelsior Springs, Mo., to Excelsior Springs
Junction, 14 miles, where it connects with the Wabash.
Fairmonnt Park Transportation, Philadelphia.—Stock
Offered.—The Supreme Court of Pennsylvania recently de
cided that this company has the right to construct an electric
passenger railway in Fairmount, Philadelphia. The company
This settlement is the most important step toward the accordingly proposes to begin construction, and has sold
reorganization of the Chicago & Northern Pacific Company, at par a limited amount of its §2,000,000 capital stock. “ There
and consummates the original design for the union of these are no bonds of any kind.” The main line, including loop,
two properties in one company, thus giving to the Chicago & will be seven miles in length, while a branch, it is said, will
Northern Pacific Company, in addition to its terminal facili cross the Schuylkill River on a steel bridge 90 feet high. Geo.
ties, a belt line of great importance.—V. 62, p. 726.
S. Gandy is President.
Chicago & St. Louis E lectric RR.—New Securities—A
Frederick & Pennsylvania Line RR .—Foreclosure Sale.—
meeting will be held at the office of the company, room 805,
Livingston Building, East St. Louis, 111., May 19, to increase The foreclosure sale of this 28-mile road in Maryland is adver
the capital stock from §7,000,000 to $13,500,000, of which in tised for June 9, 1896, at Frederick, Md., under a mortgage for
crease §2,000,000 shall be preferred stock and §4,500,000 shall $250,000, dated Oct. 1, 1870. The road is operated by the
be common stock ; to authorize the issue of bonds of the Pennsylvania RR.
company of the par value of §11,500,000 and to rescind the
Galveston Houston & Henderson R R.—Missouri Kansas
resolution of Dec. 31, 1892, to issue §7,000,000 of bonds.
& Texas Ry.—International & Great Northern Ry.—Deal
Chicago & West Michigan fly.—May and June Coupons to Completed.—The agreement between the M. K. & T. and the
be Paid H alf in (Scrip.—Treasurer Charles Merriam, has sent International & Great Northern for equal ownership and
to the bondholders of the Chicago & West Michigan and use of the Galveston Houston & Henderson RR. has been
Chicago & North Michigan Co’s, a circular stating that busi- completed by the election of F. P . Olcott, President of the
ness still continues so dull in Michigan that the directors are Central Trust Co., as seventh member of the board of direct
again compelled to resort to the payment in cash o f half a ors of the G. H. & H., the lessee companies each electing
coupon only o f those maturing May 1, and June 1, respec three of the remaining six. The G. H. & H. stock is held by
tively. They accordingly offer to the holders of those coupons the Central Trust Co. for account of lessees.—V . 61, p. 1064;
one-half of the amount of their coupons in cash and the other V. 62, p. 233.
half in 5 per cent coupon scrip as described in V. 59, p. 737Grand Trunk Ry.—Earnings.—Results for the half-year
V . 61, p. 703.
ending Dec. 31 were:
^ Choctaw Oklahoma & Qnlf.—Reorganization Plan.—Re
Gross
Net
Interest
Charges
Bat.
g a r d in g the reorganization plan, we learn that assents have 6tomos.
Dec. 31. Earnings.
Earnings.
Rec’d.
Paid.
Deficit.
already been received from holders of the general mortgage 1895 ........(£1,983,961
£544,172
£90,079
£667,402 £33,150
554,981
88,854
............................
bonds to the amount of §1,124,000 out of the $2,000,000 pro 1894........ 1,954,082
posed to be converted into preferred stock, and all of the in
The charges include interest on bonds, £410,125; rentals,
come mortgage bondholders except three, who have signified £73,174; interest for lines consolidated with Grand Trunk,
their approval but have not actually signed the agreement. £81,430; interest on Air Line bonds, £7,750; advances on cou
It is expected that within a week the plan will be declared pons to Ch. & Grand Trunk and Detroit Grand Haven Sc Mil
effective. Messrs. Edward B. Smith & Co., who have under waukee, £91,923; total, £667,402.—V. 62, p. 661.
written the sale of stocks proposed by the plan, say there have
Great Northern R y.—Land at Fairhaven, Wash.—The
been no unusual or unexpected difficulties about securing the
assents of bondholders.
company is reported to have purchased 1,100 acres of land on
Puget Sound adjoining Fairhaven on the south, and covering
Si Pr®9l<5ent Gowen has issued a circular which gives the facts regar
Ung the plan and the proposed issue of preferre i stock reported in tl
almost the entire water front, to the Skagit County line,
Chronicle of March 28, and adds substantially the following: “ Tl
seven miles distant.—V 62, p. 636.
A pril 35, lb«6,j
THE
779
C H R O N IC L E .
Ussto.tville Ha ttna & Fairmoant Passeager Rr,— List- \Montana first mortgage bonds had been deposited under the
i plan of reorganization dated March 16, 1898, and that the
plan and agreement were declared operative.
Pniiadelpnia Stick Exchange. The company reports “ no
Penalties on Deposits.—Holders of outstanding securities
may still deposit under the terms and agreement, but only
floating debt.”—-V, 61, p. 469.
on jiayment of the following penalties : On bonds, dividend
Jacksonville Louisville A St. Louis —Foreclosure Decree. certificates, notes and equipment stock, 2 par cent; on pre
—At 3pringfie!d, in the Unitel States Circuit Court, Judge ferred stock H par cent on common stock If per cent. The
Alien has granted a decree for the foreclosure of the second committee reserves the right to terminate this privilege of
mortgage, aggregating, with interest, $1,535,243.—V. 61. depositing at any time and without notice.
p. 75u.
Holders of certificates heretofore issued by the Mercantile
Company for bonis deposited under the bondholders’
Jefferson Coal & Ky.—11ary Lee Coal & Ry.—Reorgan Trust
agreement
of February 19, 1894, not already stamped as ap
ized Company.—The Jefferson Coal& Ry. has been organized
proving the plan of March 16, 1898, are notified to present
with $400,000 capital, to succeed Mary Lee Coal & Ry.
their certificates on or before May 7, in order that their ap
Legal Surety Company o f the United States.—Charter proval may be stamped. The managers further give notice
F iled . —This company on April 14 tiled its charter in the office that they will exclude absolutely from the plan and agree
of the Superintendent of the Insurance Department. The ment any and all bonds represented by any such unstamped
company proposes to become surety on undertakings on ap certificate, unless on or before said date such certificate shall
peal, arrest, attachment, injunction, replevin, security for be so presented and stamped.
Dissatisfied Stockholders.—Biddle & Ward, 505 Chestnut
costs, furnish bonds of administrators, assignees, committees
of lunatics, curators,Conservators, executors, guardians, re- Street, Philadelphia, request stockholders who are dissatisfied
cievers and trustees. It will also furnish bonds of indemnity with the proposed plan of reorganization to send to them
to sheriffs, official bonds, and all other bo ids, u ndertakin gs their names and amounts of holdings.—V. 62, p. 726.
and obligati ins which are required to be approved by the
Ogdenahurg <k Lake Champlain RR.—Quarterly.—This
courts or heads of departments.
road is leased to the Central Vermont, whicn went into re
Among the incorporators are John E. Searl-s, Chauncey M. ceivers’
in March, 1396, and latereac due April 1 on
Depew, 1, V. F. Randolph, Marshall S. Drtggs, H inner Lee, O. & L. hands
C, bonds was not paid. Earnings for the quarter and
A. G. Mills, Edward M. Grout, Gen, Hereto O- King, i he six months
ending December SI h ive been reported as
Alexander S3. Bacon, Silas B October, Asa Bird Gardiner follows:
and 8, S. Packard.
in g. —This company's securities, as shown to tie outstanding
in our Stbbet Railway Scppi.kmk.st, have been listed on the
Lo ig Island Eteelr c Ry.—Xetr 3/<irtgage— This company
has made a mortgage for $600,0001 to the Hamilton Trust Go.,
a* trustee, and it is said will begin work at once on the pro
posed railroad front Brooklyn to Par Hookaway.
;i month*
end. Dee. 3If.
Gross
Ifet
earning*, earning!.
1895................. *197,409
1894................ 208,048
6 months —
1995................$420,266
Other
$65,099
ineamc.
$518
$149,603
$2,154
47.566
1,098
Interest,
taxes, etc.
Surp, or
deficit.
$86,540 (let.
60,893 tlef.
$393
18,229
$131,080 atir.$17,737
103,430
1,551
134,568 <lef. 23,537
Madison City Gas Light <fc Coke—Four Lakes Light & IS M ................. 419.885
L iaas and bills payable on Die. 31, 1895, $80,000.—V, 61,
Power—Sole.—A press despatch reports the sale of these
properties on Thursday to a syndicate represented by Emer p. 926.
son McMillan & Co,, of New York. Local capitalists will
Ogden Electric Street Ry. (Chicago. 111.)—Mortgage.—
retain some of the stock. The new comp my will tie capital
ized at $400,000 stock, wish $350,000 of 6 per cent binds. This company it is stated will issue $1,599,000 of 8 per cent
20-year bonds, secured by mortgage date May 1, 1898.
Emerson McMillan will be President.
Ohio Street Railways.—Legislation Extending Franchises.
—At Columous, Q., April 23, the Senate passed the House bill
giving street railroad oompmi* flfev-year franchisee, with
an amendment providing " that the municipal corporation in
which such street railroad is situated shall have the power at
the end of twenty years from the paasaga* of this act, and
every fifteen years thereafter, to fix the rates of fare, car
license fees, percentage tax on gross earning?, transfers, and
Milwaukee Electric Ry. & Light—Milwaukee Street ail other terms and conditions on which such railroad is
By.—Srto Securities Ready.—Holders of Central Trust Com operated in said city.”
pany’s certificates of deposit art; notified that the new securi
ties of the Milwaukee Electric Ry. & Light Co., successor to
Ohio Southern RR.—Listings and Earnings.—There have
the Milwaukee Street Ry. C>., will be ready for delivery at been listed on the New York Stock Exchange $287,000 general
the Central Trust Company on May 1. At the same time the mortgage la, making total on list $3,798,000. For the six
cash payments provided for by the plan will be made. months ending Jan. 31, 1896, gross earnings were $147,191:
net $173,117— V, 63. p. 320,
V, 62, p. 278.
Memphis is Charleston HR.—P/tn of Borg Con-ntter
—The reorganlz uioo committee, coasisttn < of Sun in B»rg,
J. Kennedy Tod, Albert 6, Kie. Emanuel Lehman and
J. J. McComb, at a meeting yesterday finally adopted a plan
which will be issued next week, probably on Wednesday.
This committee represents, it is said, over 80 per cent of the
general mortgage bonds,—V. 02, p, 635.
Nassau Electric RR. -President Flynn Bettria.—Albert L.
Johnson of Cleveland has been elected President in place of
Patrick H. Flynn, resigned. The 5 cent fare to Coney bland
proved ao attractive on Sundays that thecompany is scarcely
able satisfactorily to handle all the traffic offering.—V. 02,
p, 636.
Oregon Hallway & Navigation Co.—Settlement with Union
Pacific.—Tne differences between the Union Pacific and the
Oregon Railway & Navigation interests have been amicably
settled. Stipulations to this effect are being presented to the
several courts a d when approved the appeal taken from the
foreclosure decree by Union Pacific and kindred interests will
Norfolk Albemarle & Atlantic R li.—Reorganization be withdrawn. These formalities, it is expected, will be speed
gone through with, so that a date for the sale of O. R. &
Notice.—A committee consisting of Alfred Skill, Chairman ; ily
E. V.W. Roasiier, Alfred Jaretzki, Secretary, invitee holders of N. properties may shortly be fixed.—V, 63, p. 805.
the Norfolk & Virginia Beach RR. Co. first mortgage bonds
Oregon Short Line & Utah Northern Ry.—Coupon Pay
to deposit them with the Guaranty Trust Company of New ments.—Payment is being made of the August 189o coupon
Yotk, and to sign the reorganization agreement up to and on the Oregon Short Line sixes and the three coupons in
including May 1, 1896.—V. 62, p, 278.
arrears on Utah & Northern consol, fives. See advertisement
Norfolk & Ocean YIew RR.—Permanent Receiver.—O. Etn- in another column,—V. 62, p. 726, 742.
mereon Smith, of Portsmouth, has been made permanent
Ottumwa Electric Ry, Light Power Sc Steam Co.—JRcreceiver. Tne company has unsecured indebtedness of txiver.—This company has been placed in the hands of J. H,
$13,000, and secured indebtedness in bonds and liens about Merritt as receiver.
$319,000.—V. 62, p, 414.
Peoria Water.—Reorganization P la n . —A committee con
Northern Pacific RR. —Listing.—J. P, Morgan & Co.’s re sisting of Win. D. Barbour and Edward OAbout, New York,
ceipts for the following securities deposited under the plan and Herbert C. Warren, New Haven, Clan., with Charles M.
of reorganization have been listed on the New York Stock Newcombe, of Wna. D, Birbour & Co,, 15 Wall Street, as
Exchange: General first mortgage bonds, $11,500,000; collat Secretary, r e q u e s t bondholders t o deposit their holdings
eral trust Hper cent gold notes of 1988, $9,000,000: common with the Atlantic Trust Co. under an agreement providing ;
stock, $16,000,000; preferred stock, *18,590,000: Northern Pa
That each *1,000 six p er cent bond, with all past-due coupons attached,
cific d- Montana 1st 6s. *3,500,000.
shall receive a new bond for 81,000, to run not less than 30 rea rs,
Foreclosure Proceedings.—At Milwaukee on Monday the
bearing interest at 4 p -r cent per annum for tw o years and at 5 per
allegations of the bill of foreclosure were admitted by Brayton cent per annum thereafter. The new bonds to b e subject to call at 105
accrued Interest, on any Internet day attor sixty days’ notice, or at
Ives, as previously they had been by all other parties to the and
par and interest If the city o f P eoria should determ ine to buy the
suit who have come into Court. This, of course, was known water
works. The amount o f the new m ortgage sh ill not exceed
would be the case since the various interests recently opposed $3,000,000, o f which *1,349,000 to retire old bonds, about *200,000
receivers’ anti other debts, $208,000 for c ity o f Peoria lion,balance,
are now united in carrying through the reorganization plan for
under carefully guarded restrictions, fo r additions a i needed.
of March 18, 1899.
Plan Operative,,—The Reorganization 'Committee an
Saa Antonio <&Gulf Shore RR ,—Ordered Bold.—At San
nounced yesterday that holders of over 9 2 per cent in Antonio, Tex., April 11, Judge Green ordered a foreclosure of
amount of general second mortgage bonds, general third this road on July 7, fixing the upset price at $150,000.—
mortgage bonds, dividend certificates, consolidated mortgage V. 60, p. 874.
bonds, collateral trust notes, preferred stock, common stock
and Northwest Equipment stock, and Northern Pacific & tw~ F or oth er Investment Item* see panes 784 and 783.
IH E
780
C H R O N IC L E .
|VOL. L X II.
giving to it a construction which brings within its scope the
standard overhead trolley cars in general use. These deci
sions are regarded as of great importance, and we believe
the above-named patents having now been established by
the Courts will prove of substantial value to the Company.
GENERAL ELECTRIC COMPANY.
Suits on other patents in the railway and lighting field
FOURTH ANNUAL REPORT—FOR THE YEAR ENDING are pending, and are being actively pushed ; some o f these
will come to a hearing during the coming year.
JANUARY 31, 1896.
A number of valuable patents have been acquired by the
S c h e n e c t a d y , N. Y ., April 18, 1896.
Company during the past year.
G E N ERAL CONDITIONS.
To the Stockholders o f the General Electric Company:
The prices of your Company’s products have undergone e x
In their last report your Directors referred at some length
to the liquidation of old assets, and stated that the sum of cessive shrinkages in the adverse conditions o f the past
§2,000,000 had been charged to Profit and Loss, for the pur three j’-ears, and the securities held by it in local companies
pose of providing for all shrinkages which could then be which were constructed upon the high prices o f the past
depreciated in like degree during the panic of 1893 and in
anticipated in the liquidation of old matters.
Much has been accomplished in the year just closed in the year subsequent thereto. Greatly modified valuations
liquidating old and slow assets, and the condition of the as of your various assets have thereby been made necessary
sets of like character which still remain on the books of the from time to time, and much information relating thereto
Company is such as to enable your officers to more definitely has been brought to your attention in former reports.
It is believed that the necessity of further reduction of
fix their proper values. Information regarding these mat
ters will be found in the report of the Second Vice-President, aggregate values will not arise, nor is it expected that the
to which particular attention is invited. There have been market prices of your products can suffer any substantial
charged against the 82,000,000 item above referred to the decline in the early future. The local enterprises in which
sum of §530,152 16, representing the shrinkages which have your Company is interested as a creditor or security holder
accrued from the liquidation so far as completed, leaving are, as a rule, returning to normal conditions. Many of
$1,469,847 84 still standing to provide for possible shrinkages them give promise o f greatly increased prosperity.
Similarly the inventories and other investments of your
in the future. It is the belief of your Directors that this
amount is sufficient to cover all the purposes for which the Company are in such shape as to lead your Directors to antic
ipate no shrinkage therein, beyond that for which provi
above sum of $2,000,000 was originally set apart.
The business secured by your Company for the fiscal year sion has been made. In the meantime the varied applica
just closed was less than 10 per cent greater in value of sales tions o f electricity are increasing and the output of the Com
than for the year previous. The actual increase in output of pany’s works should be augmented as a result of the added
factories, based upon capacity of machines and number of uses to which electrical apparatus is almost daily being put.
It will be noticed by referring to the Profit and Loss
articles produced, is more than thirty per cent greater than
for the previous year. While the selling prices, as thus Statement that the revenue derived by your Company from
shown, have been materially reduced, there has been a cor interest and dividends for the past year was nearly sufficient
responding curtailment in manufacturing and other expenses to provide for the interest on its outstanding Debentures.
By order of the Board of Directors,
and lowering in costs, largely due to improved designs and
C. A. COFFIN, President.
methods of manufacture.
J>cpovts aucl JJacuweuts.
As will be seen by the statement o f Profit and Loss, tho
business o f the year ju st closed, including royalties,
amounted t o ......................................................................... $13,315,667 12
Cost o f goods sold, plus legal, patent and general e x
penses and taxes, w as......................................................... 11,759,857 08
R EPO RT OF 1 s t V IC E -P R E S ID E N T .
S c h e n e c t a d y , N. Y ., April 18. 1896:
C
A.
Coffin,
Esq.,
President
General Electric Company:
$1,555,810 04
S i r — I submit herewith a condensed report of operations
Less Interest on Debentures in excess o f in
terest and dividends r e c e iv e d .....................$16,459 40
of Sales Department for the year ending Jan. 31, 1896, dur
Sundry L osses..................................................... 27,178 31
Depreciation on inventories & consignm ents.123,204 87— 166,842 58 ing which period the total sales amounted to $12,730,058 07.
L e a v in g ...................................................................................... $1,388,967 46
There is charged off, in w riting dow n fa ctory plants,
patents, etc., the sum o f ......................................................
511,321 97
Leaving n e t...............................................................................
SALES DEPARTMENT.
$877,645 49
Attention is called to the report of the First Vice-Presi
dent, covering the operations o f this department. From
this report it will be seen that more, than ninety per cent of
all the sales for the year were on the basis of cash within
sixty days from shipment. The organization o f this depart
ment is most excellent and effective, and the total expenses
of selling and distributing the products of your factories
during the past year have been materially less than for any
previous year.
M ANUFACTURING A N D ENGINEERING.
By referring to the report of the Third Vice-President, in
charge of manufacturing, much information will be gained
as to that important branch o f your business. Your Direc
tors are fully alive to the necessity of maintaining in this
Department the highest possible standard of economy and
efficiency, and they believe that the results so far attained
in this direction are of the greatest value and importance.
The achievements of your Company in notable installations,
involving the highest class of engineering and mechanical
skill, have been especially gratifying.
ARRANGEM EN T W IT H TH E WESTINGHOUSE COMPANY.
Since the close of the fiscal year a contract has been con
cluded with the Westinghouse Electric & Manufacturing
Company, which embodies a recognition of the patents of
eacli Company by the other and the right, subject to certain
exclusions, to a joint use thereof. An official notification of
this contract was given out on March 13th, and since then
details necessary to make the arrangement effective have
been concluded. It is believed that many advantages will
be derived from this contract, especially in eliminating
much costly patent litigation, and in the important rela
tions of co-operation in engineering and manufacturing
methods.
PA TE N T LITIGATION.
The suits on the Van Depoele electric railway patents
have progressed practically to a conclusion. In one case—
that against the Elmira & Horseheads Railway Company—
the United States Court of Appeals for the Second Circuit
has rendered a decision finally sustaining the patent involved
in that suit, nnd giving it a construction which brings within
its scope the standard devices universally used for switching
electric cars having an overhead trolley. In this suit were
also sustained other claims of substantial importance.
In the suit against the Winchester Avenue Railroad Company, the Circuit Court of the United States for the Second
Circuit has sustained the main Van Depoele trolley patent,
SALES.
W e have over ten thousand customers from whom we
received a total of one hundred and four thousand separate
orders, a daily average of about three hundred and fifty.
Besides our regular supply business, which comprehends
not less than nine thousand separate articles, including
renewal and repair parts o f machines, we sold nearly twelve
thousand complete machines, having a total capacity of
about five hundred thousand horse power. These figures
include over eight thousand eight hundred street car motors
and over ninety thousand horse power of railway generators.
W e also sold nearly six million incandescent lamps, over
twenty-seven thousand meters and other auxiliary apparatus
and supplies in proportion.
CONDUCT OF BUSINESS.
The greater part of our business comes to the-General
Office through the local offices at Boston, New York, Phila
delphia, Atlanta, Cincinnati, Chicago, Denver and San
Francisco.
Every order, on the day of its receipt, is approved by the
Commercial and Credit departments and passed to the fac
tory for manufacture or shipment from stock, unless held
on account of credit or some irregularity.
Outside of current supply orders, nearly all o f our business
is transacted on a standard printed form o f contract. This
form is complete and definite as to all obligations of the
parties thereto, and its general use has been of great assist
ance to the Collection, Legal and Manufacturing depart
ments, as well as to the Commercial department.
Our list of customers is largely made up of corporations
operating Central Lighting Stations and Street Railways,
who conduct their business on a strictly cash basis. Under
such conditions they are able to pay cash for apparatus and
supplies, and over ninety-three per cent of our sales provided
for cash payments within sixty days. Only three-tenths oi
one per per cent of our sales provided for payments in stocks
bonds and exchanged apparatus.
Supply stocks are carried at each Local Office. These
stocks are classified as active, inactive and obsolete. By
special efforts, the inactive and obsolete stocks have been
decreased over forty-one per cent dui'ing the year.
Our foreign business has shown a gratifying increase.
NEW BUSINESS.
Several new applications o f electricity have been devel
oped or demonstrated during the year, which will result in
additional business on substantially new lines.
The 90-ton electric locomotives which we supplied to the
Baltimore & Ohio Railroad Co. for hauling trains through
their new tunnel under the city of Baltimore are not only the
largest of their kind in the world but are more powerful than
the largest steam locomotives hitherto constructed. Each of
these locomotives is daily hauling trains which would require
Aran, 25, 1896.]
THE
C H K O N IC L E .
781
two steam locomotives. Their successful operation has re poses, which will enlarge the facilities for testing and assem
moved all doubt as to the possibility of substituting elec bling and give increased room for shipping aud packing.
The latest labor saving devices, in electric cranes, railways
tricity for steam in the heaviest traction work and offers a
and special tools, have been liberally introduced. Machine
complete solution of the tunnel problem on steam roads.
Tile electrical equipment of the Nautasket Beach Branch tools, when of reduced efficiency because of’ age or of
of the Sew York New Haven & Hartford RR. marks another changes in methods of manufacture, have been supplanted
important advance in the application of electricity to the by more modem machinery or machinery specially designed
hauling of heavy trains. This installation differed from that for more economical production. In short, nothing needed
on the' Balt. & O. Road, in the use of motor cars equipped to increase the efficiency of the plant, or required to improve
with powerful motors, instead of electric locomotives. The - the character, or reduce the cost of our product, has been
omitted.
new problems presented have been successfully solved.
In view of the improvements made in various directions,
The onlv commercially successful electric railways in this
countrv operating with conductors in underground conduits ; we estimate that the capacity of our plants has increased at
are those which were installed under our patents during the j least 25 per cent during the year. Our output in kilowatts
past year by the Metropolitan Traction Co., of New York j has increased in greater proportion, owing partly to the
City, on its Lenox Avenue line, and by the Metropolitan larger size of the average generator and motor constructed,
and partly to the growth of business. The output for the
Street Railway Co., of Washington. D. C.
Our trial equipment on the New York and Brooklyn year ending Jan. 8ist, 1895. in round numbers was 375,000
Bridge has operated so successfully that the Trustees have j kilowatts (368,01»iH. P.)and for the year ending Jan. 81st, 1896,
determined to abandon steam locomotives and to extend the 380,000 kilowatts 1509,000 H. P.),an increase of over 35 p. c.
Constant attention has been given to the quality of the
electrical equipment to all trains.
The Metropolitan West Side Elevated Railroad of CM- Jfactory output. The general appearance, design, efficiency
cago, equipped entirely with apparatus of our manufacture and operation of our apparatus have been brought to a
is the only elevated road in this country operated entirely higher degree of excellence than ever before.
The fact that we have sold a large amount of our appar
by electricity. The first train was started about May 1.1895,
and the road lias been in successful operation since that date. atus in foreign countries during the past year is instructive
The installation of the electric plant at Fresno, California, as bearing upon the design and cost of "our machinery as
for transmitting electrical power thirty-fives miles, is espec compared with that of foreign manufacturers.
ially noteworthy, as are also the applications of multiphase
ENGINEERING.
apparatus (without commutators) in coaL mining and under
The engineering work which has been undertaken and
conditions where it is necessary to run machines in oil vapor carried out successfully by our Company during the past
or gases where sparking would be highly dangerous; the 1year embraces practically all the more notable electrical
applications of multiphase motors to mill work, replacing j installations made in this country during that period, par
the old system of bolting and shafting ; and the develop ticularlyThose of a pioneer character.
ment of a successful electric brake.
The work accomplished by us in the important field of the
The monoeyelio system, providing lighting and power transmission of energy to great distances has been phenom
circuits from" the same alternating machine, is no longer r enal. We have supplied or have «m order 60,000 horse-power
new, but its extension and development during the past! of apparatus for tin- conversion of the energyo£ water-power
year have beets marked.
into electricity and its transmission to distant places to be
The installation of new and the extensions of existing converted into light, heat aud mechanical power. Notable
Ilower transmission plants bring to us large orders and have among these installation- are those from Folsom to Sacra
necessitated the development of large “ rotary converters'' mento. California. 4,nuo H.P.,21 m iles: at Fresno. California,
for changing alternating to direct currents. We may expect 1,400 il. P.. 33 m iles; at Portland, Oregon, 1,800 H. P,, 14
a constant growth of our business in this field.
miles, and at Paidiuea, Mexico, 2,800 14.P.. 23 miles. These
We are also providing for the constantly increasing use of plants are all in successful commercial operation aud each
electrical appliances in the operation of mill tramways, marked a distinct step forward in economy of transmis
cranes, elevators, pumps, hoists, coal cutters, drills, picks, sion and in the introduction of new and useful types of
blowers, fans, air compressors, draw bridge. printing machinery.
p re s se s, dredging machines, concentrating mills, powder
The rotary converter for transforming alternating current
mills, the operation of turrets and training of guns, and into direct current for use in driving electric railways was
machines of all kinds, large and small.
first introduced commercially in connection with the Port
A comparatively new and almost limitless fluid is being land, Oregon, plant.
found for the use of electricity In the chemical arts. Wears
In all of the above installations the three-phase alter
already supplying apparatus ror the production of carborun nating current system developed by ns fa used.
dum and calcium carbide, the reduction of gold and silver
We installed for the Columbia Mills, Columbia, S. C., the
ores, the refinement of copper, the reduction of aluminum first thm-phase motors for cotton mill work, under guar
and the manufacture of bleaching powder, etc. The elect ric antees as to regulations and other engineering requirements
“ smelting furnace” is being rapidly introduced and will re that were unusually severe. The apparatus fulfilled all
quire large amounts of power.
guarantees, and has been in successful operation ever since.
The immense field covered by electricity is well illustrated
In 1894 we supplied the Edison Illuminating Co. of New
by the diversified u.«s enumerated. The possible increase of York with two 800 Kw. direct-coupled low tension lighting
our business resulting from new applications is obvious.
aerators for use on the three-wire system. These have
Selling prices are now on a very tow scale, hut if present
an so satisfactory that during the past year two more
minimum prices are maintained, we can. by further econo
have been ordered and installed. These machines are the
mies, increase our net profits to a more satisfactory figure.
largest generators of their kind in the world, each having a
The faithful ami efficient work of the Department Man capacity of 16,000 16-candle-power incandescent lamps, or
agers and the able assistance of the Local Office Managers 32,000 lamps for the unit.
deserve commendation.
We have also supplied the Carborundum Company and
Respectfullysubmitted,
the Carbide Manufacturing Company of Niagara with "what
Ecokxf. G riffin .
are undoubtedly the largest electrical transformers in the
First Vim-Prewlent,
world. The. transformer sold to the <’arboruudum »Company
is of 830 Kw. capacity (1.112 H.P.), and is aged for the pro
REPORT OF 30 VICE-PRESIDENT.
duction of carborundum, the new substitute for emery.
SCHKSBCTAHV, N. Y., April 18, 1896.
The transformer supplied the Carbide Company was but
0. A. Cofflia. E*q., 'President
Eleetrie Company:
slightly smaller in size and is for the production of the
Sib—1 submit the following report upon manufacturing calcium carbide which is used in the manufacture of
and engineering for the fiscal year ending Jan. 81st, 1890:
acetylene gas.
MA.VC PACTA' KINO.
In general tire demand, as indicate ), by many of the in
The factories have o n t& ttu i the practice o f billing their stallations mentioned above, has been for a largely increased
output to l b Ojner.il Offir i at cost. Those coats are care size of electrical unit, whether of generator, motor or trans
fully determined by adding a percentage to material and former, While a few years ago a generator of 200 IL P. was
labor to cover all items o f general expense, including an considered large, we have built during the past year or had
ample allowance for depreciation.
on order Feb. 1st some 80 generators of 1,000 H. P. and over.
The report o f the Second Vice-President contains financial
The advantage to our customers in this change to large
statistics of the factory investment.
units and particularly to generators coupled directly to the
Our stock at the factories fa ill excellent condition, and is engine shaft is strikingly illustrated in the case of one of
moving rapidity: it cavers only apparatus and material for our largest Street Railway customers which has recently
which the demand is constant and active.
replaced generators of the belted type of 400 kilowatt each
The manufacturing costs have continue! to decrease, with direct coupled apparatus of an average of about 1.300
largi- re Motions having t ik-n place, more especially in rail kilowatts each, thereby increasing the capacity of their prin
way apparatus, which we have made in large amounts. cipal Station without increasing its size from 7,200 kilowatts
These redaction* are th*» result not only o f increased econ to 12,000 kilowatts, or about 66 per cent.
omy of manufacture and the application o f the best engi
Our engineering work is being protected by patents as far
neering methods, but are also largely due to the various sa v as possible, 92 applications for Letters Patent having been
ings which have resulted front the close co-operation be filed, covering all branches of our business, and 91 Letters
tween the Commercial and Manufacturing Departments Patent issued -to our engineers and assigned to the Company
during the pant two rears.
during the past year.
The physical condition o f our manufacturing plants has
'i lie economical and efficient work of the factory managers
constantly improved. There fa now being added to the and the ingenuity, industry and skill of our engineers de
Bchenect i ly plant a substantial two-story building o f 48,746 serve special commendation. Respectfully submitted,
square feet or the best character for manufacturing pur
E. W . R ick , J r ., Third Vice-President,
e
THE
782
C H R O N IC L E .
[V o l . L X II.
R E A L ESTATE.
REPO RT OF 2 nd V IC E -P R E S ID E N T .
N. Y ., April 18, 1896.
<7, A. Coffin, Esq., President Gene -al Electric Company:
S i r — The Balance Sheet and Statement of Profit and
_A)ss. herewith transmitted, include the assets and liabilicies and profit and loss accounts of the Edison General Elec
tric. Edison Electric Light and Thomson-Houston Electric
Companies (which, for convenience of book-keeping, are
consolidated with those of the General Electric Company)
at January 31, 1896 ; and when “ the Company” is spoken of
in the following explanations, all the above-mentioned cor
porations are included.
It may be here stated that all losses have been written off
as soon as ascertained and that no anticipated profits have
been taken into account.
Sc h e n e c t a d y ,
ASSETS.
PATENTS A N D FRANCHISES.
Previous Aunual R eports carried these a t........................$8,159,264 02
During the year there was expended fo r—
Capitalizing future royalties, patent litigation expenses
and acquiring new patents.................................................
433,361 02
Total Patent account at end o f y e a r............... ....................$8,592,625 01
Now written off to Proltt and L oss.......................................
592,625 04
Leaving the patents, franchises, good will, etc., o f the
Co. standing on its books at the date o f this r e p o r t ___$8,000,000 00
(O T H E R T H A N F A C T O R Y P L A N T S ).
Exclusive of the investment in the Edison Building, 44
Broad Street, New York City, this account represents sundry
pieces of real estate, mostly improved and rented, taken at
various times, chiefly in payment o f debts. A ll can be sold
without detriment to the business of the Company, when
opportunity offers.
During the year a large factory covering five lots on the
corner of Avenue B and Seventeenth Street, New York City,
was acquired from the General Fixture Company in part
payment of a debt.
STOCKS A N D BONDS.
In Schedule A, annexed hereto, are described the Com
pany’s Stocks and Bonds.
Those having a market value are carried at slightly under
the price of recent sales. The book values of those not
readily salable have been fixed after making inquiries of
the officers of those companies and of Banks and others in
the cities where the properties are situated.
I believe the aggregate book value of these Stocks and
Bonds is not in excess of their present value.
Included in Schedule A are Stocks and Bonds of various
Companies, amounting to $2,897,103 30, at par. The present
value of these is doubtful and their future value speculative.
They are therefore carried at a total book value of only $96,
being one dollar for each lot; but it is not unlikely that in
time a considerable amount may be realized from them, for,
as shown on page 783, the amount realized during the year
from sales of securities similarly valued was $41,646 77.
Tin re are also Stocks of twenty-four underlying and other
manufacturing, selling and patent-owning corporations of a
total par value of $40,654,900. which must be held until those
corporations are dissolved. They, too, are carried at $1 for
each lot, in all $24—the difference between this sum and
their original cost being carried in the Patent account or
written off in Profit and Loss. Included in these is the
Company’s entire holdings of Stock o f the Brush Electric
Company, o f Cleveland, which were carried last year at
$351,506 63. (See page 784.)
Future royalties were capitalized by cash payments which
might properly be carried in a suspense account and charged
off? from time to time, as the goods subject to the royalties
are shipped; but the entire amount has been written off to
the year’s Profit and Loss. They were as follows:
I. All future payments to the estate of Charles J. Van
Depoele, under contracts with the Thomson-Houston Com
panies to pay royalties during the life of the Van Depoele
patents—a future period of approximately fifteen years.
II. All obligations to make further payments upon the
Henry Railway Patents, under contracts between John C.
Henry and the Thomson-Houston Eleotric Company, and a
license to use those patents without payment of future
royalties.
The above settlements cover full releases to the Company
NOTES A N D ACCOUNTS R E C E IV A B L E .
and its allied companies from all claims to date.
The face of notes and accounts receivable at the date of
III. A full settlement with Mr. Edison of all claims, under the First Annual Report was about $16,000,000. During
his contracts with the Edison Companies, against the Com three years o f persistent work the collection of this debt has
pany or any of its allied companies.
progressed as. satisfactorily as was possible under the cir
cumstances, and another year will probably result in the
FACTORY PLANTS.
This account represents the lands, buildings, machinery, conclusive liquidation of most of the remaining old indebt'
tools, appliances, etc., of the Factories at Schenectady, New edness.
There was included in the debit balance to Profit and Loss
York, Lynn, Massachusetts, and Harrison, New Jersey.
The real estate amounts to over 70 acres and the total fac at the end of the last fiscal year an allowance (for estimated
tory floor space of all three factories is approximately 1,350,- depreciation on specific notes, accounts and local Lighting
and. Street R ailw ay properties owned) am ounting t o ___$2,457,625 98
000 square feet. All are free from mortgage or other lien.
this there has been used in effecting settlem ents d u r
These plants being a permanent investment, all expendi Ofing
the y ea r.............................................................................. 1,419,576 36
tures for their maintenance and repairs are charged to oper
Balance o f such allow ance rem aining before closing
ating expenses. The cost of all additions to the plants has
b ook s........................................................................... $1,038,049 62
been more than offset by regular allowances charged Some the
old matters were n ot sufficiently de
monthly to operating expenses to provide for all deprecia
preciated and fo r these there is now added
tions. In addition, large reductions have been made at the
to the above a further allow ance o f ............$152,882 79
close of each fiscal year, for the purpose of writing this ac A n allow ance is also added for possible
losses on new b u s in e s s .................................. 216,346 79
count down to replacement value; and this end is now ac
complished.
369,229 58
The book value o f these three Plants at January 31,
1893, the date o f the first A nnual R eport, was (See
b elow )....................................................................................
$3,958,528 21
Specific allow ance n ow standing to provide fo r losses on
notes, accounts and local properties ow n ed .....................$1,407,279 20
A summary of the changes in this account since then is The am ount realized o ver and above their hook values on all depreci
ated notes, accounts, etc., during the year w as................$473,458 68
worthy of attention.
The depreciation has been increased, as a b ov e .................... 369,229 58
Cost o f
additions.
‘ Lauds and B uildings. $288,581 00
Machinery and T ools..
999,347 77
Patterns & Drawings.
177,644 23
Sundry A ocou n ts.........
48,631 61
Written o ff fo r
depreciation.
$231,487 64
1,003,855 21
447,876 64
321,511 33
T otals...................... $1,514,204 61
$2,004,130 82
Over-allowance last y e a r............................................................ $104,229 10
The total amount now due the company by customers is
as follows:
FaceValues.
Current n otes................................................$1,522,178 46
Current acooun ts......................................... 2,910,443 41
Am ount written off in three years, over and ab ove all
maintenance, repairs and additions.............................
490,526 21
Book value o f Factory Plants at January 3 1 ,1 8 9 6 ___
$3,468,002 00
Old debts w hich are being liquidated as speedily as
possible—not including “ D ollar” Notes and Accounts:
N otes..................................................... $1,371,561 59
A ccou n ts............ .................................
494,176 70
The above additions represent cash expenditures and pro Due from local Lighting and Street R ailw ay properties
ow ned by the C om pany.......................................................
vided about 35 per cent increased capacity of output.
Orleans Investm ent.......................................................
All depreciations have been written off to Profit and Loss. New
The Brush E lectric Co ...........................................................
Summaries
For Each P lant—
of
“ D ollar” Notes and A c co u n ts...............................................
F actory P lants.
Jan. 31, 1893. Jan. 31 ,189 6.
Schenectady F actory.............................. $2,215,364 17 $2,135,000 90
Lynn F a cto ry ............................................
1,280,980 12
1,038,000 80
Lamp F a cto ry ...........................................
462,183 92
295,000 30
Face Values
Total face value.
$4,432,621 87
1,865,738 29
516,304 65
1,43 L, 169 83
'479,755 78
2,432,860 88
$11,158,751 30
All are carried in the Balance Sheet at a value of $6,584,133 30. I believe this estimate of their realizable value is a
fair one.
T ota ls.................................................... $3,958,528 21 $3,468,002 00
The above total of $11,158,751 30 is divided between Notes
F or A ll T hree P lants—
Jan. 31 ,189 3. Jan. 3 1 ,1 8 9 6 . Receivable and Accounts Receivable as follows:
Lands and B u ild in g s..............................
Machinery and T ools................................
Patterns and D raw ings.........................
tSundry A ccou nts................................
T otals....................................................
$1,712,906 64 $1,800,000 00
1,672,507 44
1 , 668,000 00
270,233 4 1
1 00
272,880 72
1 00
$3,958,528 21
$3,468,002 00
‘ Includes $20,000 paid for about five acres o f laud acquired bv t
bchenectady Faetory, whose real estate now amouuts to nearly ■
t Include office furniture, horses and trucks, shop fixtures, benchi
steam fitting forjieatlug Bystem, etc., etc.
N otes R eceivable .
There are on band notes of 312 makers, of which there are
only 58 makers of notes for $10,000, and over.
They are classified as follows:
G ood Notes—
Face Values. Face Values. Book Values.
Short date, a ctiv e .......... $663,515 33
L ong date, slow .............
858,663 13
------------------- $1,522,178 46
Old N otes....................................................... 1,371,56159
T otal.........................................................$2,893,740 05
A ll these notes are carried at a hook value o f ...................$2,107 163 69
THE
A p r i l 35, 1896, ]
C H R O N IC L E
A c c o u n ts R e c e iv a b l e .
S a l e s ob - A s s e t s ,
Pursuant to the policy announced in previous Annual
Reports, various securities and other assets which it was not
desirable to hold permanently have been sold during the
year. The cash thus received was placed in a special fund
and together until about $300,000 additional money, obtained
from the collection of old notes and accounts, was expended
to protect and improve existing investments, about- $450,000
being used in connection with the New Orleans investment.
None of the money realized from the sale of assets was re
quired for the current business of the Company during the
year.
The following statement shows the result of securities sold:
What are described above as current accounts
comprise about 4,0i)0 debit balances, mostly for
comparatively small amounts against customers
who make monthly settlements. The excep
tions are for large contracts, final payments on
which are not yet due. Including these, there
are but 108 customers owing in excess of $5,000
each, on open account.
The accounts receivable are classified as fol
lows:
*
F a te Values,
N ew O rlean. Investm ent..............................S X .l3 1 .l6 a 33
The Fint-h E l f -trie C o....................................
479,755 73
Sundry debtors:
Current m utter-............ ....................- ........ 2,910.443 41
Old m atters.................................................
494,176 7 0
F ar value,
$783,490 00
423,710 00
152,620 00
T o ta l........................................................ $5,315,845 72
AU these accounts are carried at a book value o f............
4,122,743 19
$1,359,320 00
Book value.
Sold for
$467,833 50
6 00
46,189 19
$627,277 53
41,646 77
38,473 18
$159,419
03profit
41,640 77 do
7,714 03 loss
$514,053 69
$707,399 46
$193,345 77profit
* Carried at $1 00 for each lot.
L o c a l, P r o p e r t ie s O w n e d .
From various causes, principally taking over
the properties for debts, the Company owns
twenty concerns operating central station Light
ing Plants and Street Railways. The total face
amount due the Company on Open account from
such concerns is $516,304 83.*
There account* are carried at a bo*ik value of--- .. .
" D o l l a r .** N o t e s
783
Besides stocks and bonds, the principal asset sold was the
Schuyler Factory at Middletown, Connecticut,
WORK IN PROGRESS.
Tills account represents expenditures to date for labor.
material, etc., on 285 installations in progress............ $1,406,261 77
Less partial payments thereon, received under the terms
o f the contracts as work progressed...............................
414,875 39
353,775 42
a s j> A ccou nts.
Old notes and accounts receivable of 438
debtors (whose face indebtedness aggregates
$2,432,880 8$) which have all been written off to
Profit ami Loss except the nominal book value
of one dollar for each debtor. They will be
liquidated as rapidly as possible.
These are carried at a total book value o f ..................
Balance......................................................... .................
$961,386 38
None of the estimated profit to be derived from these
installations is included in the year's Profit and Loss.
,
436 00
Total amount of book value............. ....... ............... . $0,534,123 30
Total appraised or book value of all note, and accounts
receivable m shown on the balance sheet.................... $6,584,123 30
INVENTORIES.
These accounts represent' raw materials and goods manu
factured and in process of manufacture at the Factories;
manufactured goods in store-rooms of Local Offices and on
consignment; office furniture, etc., in the General Office
and in all Local Offices : tools and materials in local repair
shops, and also shipments in transit to local store-rooms. All
have been counted and valued item by item.
AT F a c t o r ie s .
Allowance for possible losses:
The raw materials on hand are commodities not liable to
On notes, account* and local Properties
violent fluctuations in value.
owned ........................................................$1.407,379 20
The amount of m iterial in process and finished apparatus
On “ D ollar" Note, and Account*........... 2.432,424 63
on hand is the average amount required for current needs,
Half of Special Allowance........ ...............
734,923 »2I
and represents about four months' output, which is not ex
4,574.628 00 cessive at this time of year, considering the nature of the
Total face value «s above ....... ............... .......... $11, 159,731 30 business.
Raw materials have been valued at the market prices pre
vailing on January 81, 1808} partly finished apparatus at
N ew OJtLKXMS l»v E sr«K v r,
cost of labor and material: active selling finished apparatus
Arrangement* have been made to sell the Company '-.claim ut factory cost ; inactive or slow selling apparatus at not
filed with the Receivers of the Fort Wayne Electric Com over 50 per cent of factory cost, anti obsolete apparatus at
pany, mentioned in the last Annual Report, and to receive in scrap value,
payment therefor various securities of the Louisiana Electric
a t L o cal O w c b .
Light and Edison Electrics Companies of New Orleans,
AU furniture, fixtures, tools and instruments of the Gen
The effect of this exchange is to acquire in lieu of an un eral Office and of all Local Offices and Repair Shops are in
productive debt of uncertain value an investment which cluded here.
may ultimately yield a fair return.
The finished apparatus and supplies in the different local
In addition to such securities received for the Fort Wayne -tore-rooms of the company were classified into active, in
account, other securities of those companies have b—n pur active and obsolete stock: active stock is inventoried at
chased with cash.
factory cost ; inactive stock, i.
all apparatus and supplies
which have depreciated in market value and are slow sell
CASH.
It has not been necessary to borrow money, nor has the ing, but which have a salable value at 50 per cent to 75
Company's credit been used'during the year either by issuing per cent of factory cost; and obsolete stock at scrap value.
Figured on the above basis these inventories showed a
notes, endorsing customers’ paper for discount or lending its
shrinkage of $101,191 48, which has been written off as a loss
nam?* in any way to allied companies or others.
The average cash balati'-e during the year has been $578,000 for the year.
Goods are taken in and out of Local Office inventories at
and all purchases during the year have been paid for in cash.
factory cost, and the bulk of the above shrinkage is due to
c o L fc * e n o »s .
factory costs ut January 81, 1896. being lower than at Janu
The losses actually incurred through bad debt* on busi ary Ml, 189,"): and the remainder to writing down slow sell
ness taken during the year have been few and unimportant : ing apparatus.
but to provide against possible losses, rebate-, etc., on un
C o .v sn .sa rtsT -.
collected accounts and notes of the year’s business an allow
Finished apparatus for novel uses has been delivered to
ance of $316,846 T9 (See page 782} has been made.
various concerns subject to purchase if its operation is suc
Excluding all cash received for note* which matured dur cessful, The greater part of this account represents such
ing the year, and excluding also all renewal note*—the col contingent sales, and the remainder represents apparatus
lections from customers on accounts receivable and on being exhibited in public expositions or loaned to regular
account of contracts (“ Work in Progress ") were a* follows: customers for temporary use by them.
$11,005,220 26
Per
Ventage.
93-57
1 3 8 8 .1 0 6 8 0
275.637 50
14-34
2-09
T otal....................................................... ...$13,168,964 56
100-00
Cash..............................................................
N o te *.............................................
S ecuntic* (P art..................
All tile above apparatus is eharKt-tl to tills account at
factory cost at a tooil o f ................................ .........................$129,906 71
On which there i* an allowance for depreciation by use of
Not book volac of consignments ...................................
43,136 46
$80,770 28
J .lu m U T IB S .
SJLnder some old contracts, securities were taken from cus
tomers in part payment of apparatus delivered during the
The Company has no Note Payable outstanding, nor is
year, as follows:
any paper bearing the Company's endorsement under dis
Par Value. count.
R o o t* (m a jo rity since « l i l fo r fu tu re d e liv e ry )............ ... $259,000 OO
Stock*...... ................................... .................
.....................
46,637 50
Total................... ........ ..................... ........... ......................#273,637 50
f See page 784.
In iidilttiut) to rid* fndi-btediupMt the Coropany holds seonrities of
these local Properties ns follows:
Stocks. For value___$377,000, Book va lu e.... $78,680 72
Bonds, Par value.
80.000. Book value ... 30,50100
#466,000
$109,181 72
ACCRUED INTEREST ON DEBENTURES.
This account, as its name implies, is the full amount of
interest accrued to January 81, 1896, on the Company's
m ,750,000 outstanding five per cent gold coupon Debentures.
AC CO t; S T 3 I’A YA B L E ,
Tin's account includes all unpaid audited indebtedness.
At the close of business on January 81, 1898. when the
cash was 8879,685 75, the unpaid vouchers on hand amounted
to only $21,218 30, and none of these was due under the
terms of purchase.
784
THE
C H R O N IC L E .
rvou
The amount of Accounts Payable shown in the balance Deduct—
Interest on debentures.............................$437,500 00
sheet, $438,152 78, represents expenditures, belonging to the
Less Interest and discount, and interest
year, vouchered between January 81st and March 10th, the
and dividends received on securities
ow n ed........................................................ 421,040 60
date of closing the general books. The amount of vouchers
which have to be carried over in this way monthly, owing
P rofit..............................................................................
to keeping the books—other than the cash book—open a Deduct amounts w ritten off—
Patents and franchises.............................. $159,264 02
sufficient time to include expenditures of a particular month
Factory plants............................................. 322,339 43
In that month, is usually about $500,000.
Other real estate.......................................... 29,718 52
Reduction o f the deficit o f previous year3..............
$524,209 82
tSrt-pniro 782).............................................
369,229 5S
W riting down the entire holdings o f the Stock o f the
Brush Electric Co. to the nominal value o f one dollar.
351,505 63
A ppreciation o f total book value o f all Stocks
and Bonds, upon re-appraisal at Jan.31,’ 96.$47,988 42
P rofit on Settlements o f old notes, accounts,
etc. (See page 7 8 2 )......................................... 473,458 68
Profit on sales o f Stocks and Bonds. (See
page 78 3)............................................................ 193,345 77
--------—
$1,244,945 03
714,792 87
M aking a reserve or gua-antoe fund (included in tbe
deficit) o f .................................................................. .........
$1,405,426 86
CONSOLIDATED BALANCE SHEET OF JA N U A R Y 31, 1896.
Patents and F ranchises..................... ............................... $8,000,000 00
F actory P lants...................................................................... 3,468,002 00
R eal Estate (other than factory plants):
$412,584 63
200,000 00
$212,584 63
241,000 00
Other real estate.
Stocks a n d B onds (see Schedule A).
N otes and A ccounts R eceivable ..
$453,584 63
5,479,332 23
6,584,123 30
C a s h ....................................................
W ork
in
Progress......................................
I n v e n t o r ie s :
12,517,040 16
879,685 75
A t Factories..............................$3,418,572 60
A t L ocal Offices......................
714,540 81
Consignments..........................
86,770 25
4,219,883 66
5,181,270 04
P rofit AND L o ss.................................................................... 13,’917,’071 48
$43,963,069 43
Capital Stock:
Liabilities.
C om m on. .................................................. $30,460,000 00
P referred.................................................... 4,252,000 00
5 P er Cent Cold Coupon D ebentures.
A ccrued I nterest o n U : - " “ vT o = i s
A ccounts Payable .............
$72,916 05
428,152 78
$34,712,000 00
8,750,000 00
$1,407,279 20
43,136 4 6
*1,469,847 84
$2,920,263 50
* One-half o f last year’s Special A llow ance w as th»n arbitrarily
deducted from tbe book values of uotes and accounts receivable and
local plants owned, and one-lialf from the b ook value o f stocks and
bonds. This $1,469,847 84 Is sim ilarly apportioned this year.
Respectfully submitted,
J. P. Ord , 2d Vice-President.
CONSOLIDATED PROFTT AND LOSS ACCOUNT OF JAN. 31, 1800
Expenses.
Cost o f Goods Sold.......... .............................. $9,860,216 09
General, Patent and Legal Exp. & T axes. 1,899,640 99
---- --------------- $11,759,857 08
Sundry L osses.......................................
27.178
31
D epreciation on In v e n to r ie s .....................
10 1,1 9 1 4 3
“
“ Consignm ents...................
22,013 44
_____________
150 383 18
Interest on D ebentures............ ...........................................
437)500 00
Balance carried dow n—Profit o f the Y e a r ........................
$961,386 38
$877,645 49
ALLOW ANCE FO R POSSIBLE LOSSES.
In addition to the specific allow ance fo r losses on
notes, accounts and local properties owned. (See
page 78 2)............................................................................
And to the allow ance fo r depreciation on consign
ments. (See page 78 3).....................................................
There remains standing in profit and loss the unused
balance o f the $2,000,000 special allow ance made
arbitrarily at the end o f the last fiscal year to take
care o f old obligations and possible losses, v i z ........
Net loss on liquidation, now charged to the $2,000,000
Special A llow ance o f January 31. 1895..........................
$530,152 16
BUSINESS OF TH E Y E A R .
Gross earnings............... .........................................................$13,315,667 12
Gross expenses........................................................................ 11,910,240 26
Edison Building, N. Y. C ity......................
Less m ortgage thereon...........................
16,459 40
$1,388,967 46
------------------- 511,321 9 7
ritO F IT A X D LOSS.
LIQUIDATION OF OLD MATTERS.
The cost of the year's liquidation o f old m atters w as___
Additional allow ances for depreciation on notes, ac-
We,mills, ctr.
lxii .
$12,347,740 26
1,388,967 46
13,736.707 72
B alance January 31. 1893.....................................................$14,794,716 97
W ritten off—Factory P lants............... $322,339
43
“
“ Other R eal E s t a t e ........
29,718
52
“
“ Patents and F ra n ch ises..............
159,264 02
------------------- 5 1 1 ,3 2 1 97
$15,306,038 94
Earnings.
S ales....................................................... $12,730,058
07
Royalties and Sundry P ro fits ..........
585,609
05
---------------------$13,315,667 12
Interest and Dividends receiv ed on secu
rities ow n ed ......................................
320,256
54
Interest and D iscou n t.......................
100,784
06
--------------- —
421,040 60
.
r36,707 72
501,069 43
Balance brought d o w n ............................................................ $1,388,967 46
Balance January 31, 1S 96.................................................... 13,917,071 48
$43,963,069 43
$15,306,038 94
St, Joseph & Grand Island R R.—neorganization Plan.The reorganization committee, P. P. Olcott, Chairman, ha
called a meeting of the holders of certificates representin
first mortgage for M i, , a . ar iaa office of the Central Tru:
Co., to act on the reorganization plan, below described. Th
committee believes that the plan, while apparently drastic
will, upon careful study, meet with approval. They say :
. T h e chief causes leading to the extraordinary decrease in revenu
nave b e e n : First, an almost total failure o f the o jr n crop along th
and 1895 ; second, the universal depres
elon of trade, and third, the inability to operate th^ road as an lad*
pendent property. To meet a possible recurrence of similar cond
Iw?,8/
Committee have been oblige:! to resort to what at firs
eight m ight seem to be an extrem e measure.
It is confidently believed, however, that with normal conditions th
new com pany w d i much more than earn its fixed charges while o
crops and prosperous times may supply dividend!
so that the adjustment o f the present obligations o f the Coni >aoy wil
enable the holders o f the securities o f the new com iaoy to secure
ihe^om paiiy11 ° f
DOt reve:m e tUat will arise from the operatious o
New Securities. The plan provides for the issuance, afts
foreclosure sale, of the following new securities :
First mortgage 50-year gold bonds bearing interest at the
rate or 2 per cent per annum fo r three y e a rs; 3 p^r cent
ior five years, and 4 per cent thereafter. First coupon
payable July 1, 1897. ...................... ....... ....................
$1000 0]
Of which to retire existing Qrst mortgage bonds’ .
3, 50000
iteserve for use o f uew com pany (but not more than
*
$100,00 J to be U3ed in any oue year)..............................
500 00
i rovision to be made for an iucrease in mortgage fo r the
’
^c<lli ^ 1i 1011 or construction o f new mileag >at not exceed*
m g $(>,000 in bonds per mile, to the amount o f .........
1 ooo on
t ir s l preferred 5 per cent (non-oumulative) s t o c k ....... . "
s’ooo’oo
Second in'eferred 4 per cent (nou-oumulative) stock, with '
’
prov sion and privilege o f increasing to $5 ,00J,000 for
acquisition or construction o f new mileage at the rate of
not exceeding $ 9 ,0 j 0 per mile in addition to bonds............ 3,500 00
vommon stock......................... ............................................... .......... 5,000,OC
*oUng Iru si—It \b proposed to create a voting trust, retainine ooi
ffir / r j 11’ ! 11 'Sl
8,to,3k t,,r 41™ years, unless the first p"e
S f
pay? L'U dividends for three conseout-ive vears, aftf
which the control ah.ill rest with the first aud second preferred stock
a>n<\?Va 1 80 Contiauei. or three ye trs thereafter, after which all stock
shall be entitled to a full and equal vote.
aU 8tock
Exchange o f Securities.- Basis of exchange is as follows ;
Old securities—
1st mortaraare bonds
i 2q mortgage oonus . . .
Common s t o c k ..............
F ay
assessm't.
..........
. 6%
- 3%
•— J n J receive new securities—
1st
1st p ref. 2d pref. Com.
mort.
stock.
ei- V
stock.
50%
60^
....
....
1204
100%
....
6%
....
100%.
Fixed Charges. —The fixed annual charge at present are
§430,000, After reorganization they will be for first three
years (including charge on $500,000 reserved bonds), $3),000 ;
; following 5 years, $130,000 ; after 8 years, $!6),000.
Cash Requirements.—From the assessments and other
sources there will be available $893,803, of which will be ap
plied for improvements and betterments im mediately required,
$475,000; reorganization expanses, iuc'.uiing commission to
underwriting syndicate, etc . $175,000 ; to treasury of new or
ganization about $43,800.—V. 63, p. 736.
St. Louis Alton & Terre Haute R R.—Illin o is Central RR,
—Deposit o f Stock.—A maj irity of the total stoik of the St.
Louis Alton & Terre Haute RR. and also of the preferred
stock of the B dleville & Southern Illinois has been d -posited
with the United States Trust Company under the agreement
dated April 8, 1896. (See V. 63 p. 684 ) Further deposits
should be made with the United States Trust Company on or
before the first of June. See advertisement in another col
umn. V. 63 p. 684.
St. Louis & San Francisco R y .-A tch iso n Topeka & Santa
Fe B y.—Sale o f ’Frisco Consols.—Preparatory to carrying out
the agreement reported a week ago, the $5,580,000 of ’Frisco
consols owned by the Atchison were sold at auction on Tues
day and bid in by Elward King, of the Union Trust Co.,
$35,000 of them selling at 30, the remainder at 25,
Dwight Braman, a holder of $105,000 consolidated 4 per
cent mortgage bonds and plaintiff in ths suit mentioned in
V. 61, p. 1013, 1063, protested against the sale upon the
ground that the bonds sold are the property of the ’ Frisco and
were acquired by the Atchison property through fraud and
under an alleged contract the consideration of which failed,.
The Braman suit regarding the illegality of these ’Frisco
bonds lias been appealed, but the similar suit brought by
Cary & Whitridge has been withdrawn.
A P RIL
25, 1896.]
THE
C H R O N IC L E
Deposits Of Consol. 4s Called for—The holders of consolidated
4s are requested by the Fitzgerald reorganization committee
to deposit their bonds with the Mercantile Trust Co., New
York, or the American Loan & Trust Co., Boston. Five per
cent is payable on deposit of bonds and second instalment of
5 per cent is payable July 15,1896. The date for deposit of
bonds expires June 1 ; 73 per cent of the bonds have already
assented to the plan. The details of the plan were published
in our last issue. The complete plan has not come to band
as we go to press.—V. 62, p. 742.
Seattle Lake Shore & Eastern RU.—Time Limit for De
posits. - Holders of the certificates of deposit of the Manhattan
Trust Company for first mortgage bonds of the Seattle Lake
Shore & Eastern Railroad Company are notified that those
certificates must be stamped as assenting to the plan of reor
ganization before May 1, as the mortgaged properties are to
be sold in foreclosure proceedings on May 16, and the com
mittee cannot protect at that sale the. interest of any bond
holder who has not assented to the plan.—V. 62, p. 689.
'Second and Third Streets Passenger Ry. (Philadelphia.)
— Dividends, 1896.—The directors have decided, it is reported,
not to dis'ribnte to the stockholders the increased rentals for
1896 and 1897 provided under the lease. The dividend for
1896 and for the first half of 1897 will be .§9 per share in
stead of 89 50, the balance being applied to the payment of
the debt of 827,000 incurred for paving.
Staten Island Electric UR.—.Win Mortgage fo r Exten
sions.—Thu company has authorized a first consolidated mort
gage for 82,000,000, Guarantee Trust Co., of New York
trustee. The proceeds from the first mortgage, which is for
$1,250,000, were used to construct the line from Port Rich
mond to Port Wadsworth, aLout 18 miles, and to purchase a
half inter--st in the Rapid Transit Ferry. Of the new mort
gage. 81,230,000 will be reserved for the retirement of the
firsts, and the balance will be used for some 80 miles of exten
sions, it is proposed to construct into the interior of the Island.
The new bonds mature May 1, 1946. and carry 3 per cent in
terest, payable May and November.—V. 59, p. 1059.
Syracuse Street RR —-Syracnse Consolidated Street Ry.
Deposit* to Be Received Till April 27,—The Reorganization
Committee of the Syracuse Street Railroad Co. ha* extended
the time for the deposit of securities with the Guaranty Trust
Company of New York under (he plan of reorganization until
April 27. 1896, without penalty, after which date deposits will
be accepted, if at ail, on terms to be announced. The com
mittee control* a large majority of the bond*.—V. 62, p. 614.
Twenty-Eighth k Twenty-Ninth Street* Crosstown RR.—
Metropolitan Truction Co, (New York city.)—Arrangement
f o r Operation.—Edward Lauterbacb, of Hardly, Lmterbach
6 Johnson, said that a report published this morning that
the Twenty-Eighth Street CroHCOwn R tilroad, which ha*
been constructed for some time but not opened, had been
leased to the Broad way syndicate for a long term of yeses,
was not true. Negotiations, however, are to progress. Mr.
Lauterbach said, and are practically concluded, by which the
road will be operated, bat that it will not be wholly cmtrolled by the Broadway cable roil *>•ndicate. -.V- w York
Evening Post, April 11.
Foreclosure,—The Central Trust Co. ns mortgage trustee
has brought unit to foreclose the first mortgage of 1885 for
*500,000. -V . 62, p. 548.
United Stales Cordage.—New Securities to he issued
in June.—The reorganization it is hoped will be completed go
that the new securities may be issued by Juno 15. The new
securities to be given in exchange for the oi 1 certificates are
shown in the IST*8T©TfcS' 8om.BMR.VT —V. 63, p. 321.
—Messrs. Redmond, Kerr & Co , 41 Wall Street, offer, on a
Sty per cent basis, first mortgage 3 per cant gold bon is of the
Spring Brook Water Supply Company of Pannsyl vania, prin
cipal and interest payable in gold coin at the office of
the New York Serarity and Tru-t Company, Trustee. In
their advertisement on page viii. is given a list of the com
pany V directors and some interesting stateintnU relating to
its business and earnings. From these it would appear that
the constituent companies composing the Spring Brook Com
pany supply water to over 206,000 persons, and are now e tru
ing a good surplus above charges, which, it is claimed, will be
very largely increased ast a result of Combination, adjustment
of rates and of the natural increase, •*which during the last
four years has averaged eleven and a quarter (11 ' j i per cent
per annum,”
—The Ontario Mining Company has declared dividend No.
201 of 10 cent* per share ($15,000). making $13,235,000 paid in
dividends to date, payable April 30 at the office of the trans
fer agent*, Messrs, Loufishery & Co., Mills Building, Trans
fer books close April 23.
—8500,000 City of Boston forty-year bonds are advertised
for sale by Messrs. Du scornb & Jennison, 39 Wall Street.
The advertisement will be found iu our S t a t k ASP ClTT DsFARTMEST.
—-Mr. F. J. Lisman announces in another column that he
will remove April 27 to tie Johnson Building, 30 Broad St,
—The mon thly atitement of the Credit Lyonnais will be
■fwtuvi in our advertising department to-day.
785
xe < £ a m w e v cm l
COMMERCIAL
EPITOME.
F r id a y S ig h t ,
April 24, 1896.
The Venezuelan question, as it involves the diplomatic rela
tions of the United States and the British Government, came
to the front on Wednesday, causing something of a flurry in
London, but exciting only a feeble interest on this side the At
lantic, because it is very generally believed that the matter will
have a peaceful solution. The bill to consolidate New York with
its principal suburbs has passed both branches of the Legisla
ture, and when approved by Governor Morton will create
a Greater New York, containing a population of more than
three millions, being the second city in the world. The weather
has continued spring-like, but a severe frost, damaging fruit,
ia reported from California. General trade iafair, but without
feature of importance.
For lard on the spot there has continued a quiet market,
and prices have further declined. The close, however, was
steady on some recovery from bottom prices at 5-17j-|e. for
prime Western, 4 65c. for prime City and 5'50c. for refined for
the Continent. There has been no trading in the local market
for lard futures, but nominal prices were quoted lower early
in the week, owing to continued heavy receipts of swine at
primary points. Subsequently there was a recovery in sym
pathy with an advance in the Western markets, where there
was some Buying by “ shorts " to cover contracts, stimulated
by an increased demand from the Continent, closing steady.
DAI1.T ODOSISO PRICES OP LARD FUTURES,
Sat.
Mon.
rues.
KVrt.
Ih u r.
Pri.
May.........................0. 5 17 5'15 3-15
5'12 5 15 5-20
Pork has been quiet and easier, closing at $9(§$9 25 for old
mess and $10<*$U) 35 for new do., $10 23@$t0 75 for family
and $10 50 <t$ 11 50 for short clear. Cut meats have been quiet
but steady at i , doc. for pickled bellies, 12(§10 lbs. average,
4Tic. tor ’pickled shoulders and 8).j@9c. for pickled hams.
Be-f has been qatet at $7{3$3 for extra mess, $8 50@
$9 50 for packet, $9 39f§$li for family and $14@$i6
for extra India mess. Beef hams have advanced, closing
at $l5 50i$$i0, Tallow haa further declined, closing with
sales at 3* jo. Lard stearine has also declined, closing at
o’ jc. Oleo-»t«ariae has been unchanged at 4J£c. Cotton
seed oil has been dull and unchanged, closing at 21(£®22c.
for prime crude and 2S’ .{<§2Xl$\ for prim *yellow. Butter
has farther declined, but the close was steady at 10@l4c. for
creamery. Cheese has been quiet and easier, closing at5@10c.
for State factory, full creatn. Fresh eggs have been steady
for choice, closing at ll@U)sC, for choice Western.
Demand for Brazil growths of coffee has been very limited,
but prices have held steady, closing at l3J£c, for No. 7. Mild
gradia have been in demand for choice stock, and prices have
advanced to 16!£e, for good Cucuta. Standard Java unchanged
at 25(;jc. There has been a less active market for contracts,
but as Europe has continued a buyer, prices have further im
proved. The ebse, however, was easier under selling by
local traders.
The following were the final asking prices;
A pril............... 12-83o.
I July................. 12*450. |O ct...................ll-25o.
May.............12-900. Aux.............. 12-i'Oc. i N o v ............ 11050.
June...... ...... 12-800.1 Sept...........,...ll-60o. IDeo.... ........10 95o.
Raw sugars have been quiet, as buyers and sellers have
been apart in their views, closing at 4 5-16@4f$J, for centrif
ugfds 96-deg, test and
for 89-deg tost. Refined
sugars have sold rather slo vly, particularly during the latter
part of the week, but prices have been steady. Granulated
was quoted at 5f£c. Teas have been in moderate request and
Steady, Spices firm. Molasses and syrups firm.
Kentucky tobacco has been firm, but owing to the absence
of desirable grades the business transacted has been small.
Seed leaf tobacco has been quiet but about steady. Sales for
the week were 830 cases, as follows; 200 cases 1894 crop, New
England Havana, 7i|iai6c.; 150 cases 1893crop, New Englaud
Havana, 6@7c.; 50 cases 1892 crop, New England Havana,
20(3132c.; 150 cases 1994 crop, State Havana, 9@l3c,; 100 cases
1893 crop, Zimmers, 101£c»; 100 cases 1893 ciop, Pennsylvania
seed leaf. 7(§9c, and 100 cases 1893crop, Pennsylvania Havana
seed, 11012c.; also 1,000 hale* Havana at 68c.@$l 10 and 300
bales Sumatra at 40c.@$l 60 in bond.
There has been a quiet market for Straits tiu and prices
have weakened -lightly in response to easier foreign advices,
closing quiet at 13'H0@]8'35o» Ingot copper has been dull, and
nominal quotations have been quoted lower, closing at 10"7oc,
for Like. Lead has been without change and steady, closing
at 8-OSc. for domestic. Spelter lias weakened slightly, but the
close was firm at 4*05@4‘10e. Pig iron has been moderately
active and steady at $11^13 50 for domestic.
Refined petroleum has advanced, closing at 6'93e. in bbls,,
4,45c. in bulk and ?*85c, in cases; crude in bbls. has been
nominal; naphtha unchanged at 8c. Crude certificates have
also advanced, closing at $1 27 bid, Spirits turpentine ha*
continued in fair demand, closing higher at 29<%29*fo.
Rosins have been scarce and higher, closing at $2@$2 10 for
common and good strained. Wool lias been in limited re
quest and steady. Hops have been quiet and unchanged.
THE CHRONICLE.
786
C O T T O N .
April 24, 1896.
T h e M o v e m e n t o p t h e C r o p , as indicated by our telegrams
from the South to-night, is given below. For the week ending
this evening the total receipts have reached 54,686 bales,
against 40,076 bales last week and 57,967 bales the previous
week, making the total receipts since the 1st o f Sept., 1895,
4,975,623 bales, against 7,587,890 balea for the same period o f
1894-5, show ing a decrease since Sept. 1,1895, o f 2,612,267 bales.
F r id a y N ig h t ,
Sat.
Receipts at—
Galveston........
Tex. City, &.o.
New Orleans...
Mobile..............
Florida.............
Savannah........
Brunaw’k, &o.
Charleston.......
Pt. Royal, &c.
Wilmington___
Wash'ton, &o.
Norfolk.............
West Point.......
N’port N., &c.
Mon.
Tties.
Wed.
27
1,073
94
513
407
......
......
......
643
833
3,541
297
4,038
66
......
....
......
1,131
1,017
......
......
913
1,197
2,655
270
........
593
69
408
.....
237
......
112
36
......
365
76
584
......
......
281
.....
....
835
......
......
.....
......
........
.......
1,241
654
1,072
408
231
62
23
105
5,736| 9,659
8,534
5,304
3,265
369
239
111
287
2,313
2,471
239
557
5,702 19,731
54,666
287
627
413
25
The follow in g shows the week’s total receipts, the total since
Sept. 1, 1895, and the stock to-night, com pared w ith last year
Receipts to
A p r il 24.
1895-96.
• 1894-95.
T \is Since Sep.
Week. 1,1895.
Totals.......
Stock.
This Since Sep.
Week. 1, 1894.
Galveston...
9,291 899,425
9,491 1,632,929
Tex. C.,&c.
1,928 110,162
1,241:
70,451
New Orleans 15,994 1,668,303 26,598 2,487,312
M obile.........
1,743 191,174
1,247! 232,775
Florida........
2.561
32,470
244| 25,017
Savannah...
5,821 717,146
6,385: 912,978
Bewick, &o
1,012 149,929
428 114,081
Charleston..
2,579 421,849
1,515 274,615
P.Royal,&c 5,152
50 151,175
75,286
Wilmington.
1,091 164,014
371 233,884
Wash’n,&c.
2
765
928
N orfolk.......
3,275 313,862
2,609 454,268
West Point..
140,896
2,037 281,289
N’p’t N ..& C
22,440
287
514
40,145
New Y ork...
2,313
52,649 2,668 134,153
Boston.........
2,471 111,946 9,280 126,568
Baltimore...
239
46,536
761 109,232
Philadel.,&c.
557
39,853
2,876 123,008
54,666 4,975,623 69,965 7,587,890
41,310
834
161,781
13,112
54,018
272,159
15,700
29,308
2,365
18,405
36,605
5,057
17,761
21,077
245
340
146,735
13,500
11,060
30,187
3,711
100
227,409
18,000
18,865
13,674
475,817
750,212
10,688
6,777
35,246
In order that comparison may be made with other years, w e
give below the totals at leading ports for six seasons.
Receipts at—
1896.
1895.
Galves’n &o,
New Orleans
M obile........
Savannah...
Ohas’ton, &c
Wilm’ton,&c
N orfolk......
W. Point, &o.
All others...
11,219
15,994
1,743
5,821
6,667
1,091
3,275
287
8,569
10,732
26,598
1,247
6,385
2,629
373
2,609
2,551
16,841
1894.
1893.
6,939
9,059
723
5,674
5,954
145
4,356
6,167
5,377
6,467
16,996
1,452
5,235
1,715
142
4,701
1,616
7,820]
O N S H IP B O A R D , N O T C L E A R E D
A p r il 24 at—
1892.
10,214
14,291
1,591
7,420
1,942
814
3,417
3,095
6,499
1891.
6,587
17,146
1,711
10,045
6,334
977
5,935
3,004
7,79 7
54,665 69,965
44,394
46,144
49,283
59,536
Since Sept. 1 4975,623,7587,890 5678,399 4760,41816739,917 6568,311
iu o
ior nic whbk enauig cnis evening reach a total
o f 84,180 bales, o f w hich 54,828 were to Great Britain 144
to France and 29,208 to the rest o f the Continent. Below are
the exports for the week and since September 1, 1895.
W e ek E n d in g A p r il 24,1896.
E x p o r te d t o —
G re a t
B r it 'n . F ra n ce
G a lv e s to n .......
9,255
T e x . City, &c..
N ew O rleans.. 18,060
2,5(31
M obile & P en .
8 a v a n n a h .......
B run sw ick.......
C h arleston *...
5,102
W ilm in g to n ...
N orfolk ............
W e s t P o in t....
N ’ p’t News, A c
1,819
New Y ork .
9,061
B os ton .......
8,874
B a ltim ore200
P h iladelp’a.&c
896
T o ta l.............
6L828
T ota l. 18P4-95. 44.175
* Including P ort B oyai.
C on tiru n t.
G re a t
B r ita in . F r a n c e
2,922 12.177
931
931
15,844 33,904
2,561
394,631 95,490
39,040
4,599
621.549 291,222
81,900
35.380 26,349
50.381
96,062
40,053
1,770
36,613
9,930
14,289
281.654
239.993
62,237
1,513
8,013
5,345
14i
4,166
10,417
1,819
13.371
8,874
200
144
F r o m S ep t 1.1895, to A p r . 24, 1896.
E xp orted to —
T ota l
W eek .
FOR—
Coast
wise.
Le a vin g
Stock.
Total.
tions than for some tim e past, and considerable irregularity
as between this and the n ext crop. In the course o f Satur
day and M onday, the m arket was inactive from the absence
o f outside interest, and some selling to realize weakened
values. Toward the close o f Tuesday shipments o f consider
able quantities o f h igh grades, w hich had been hanging oxer
this market for some tim e, led to buying for the rise,
w h ich w ith other influences caused the m arket to leave o ff
on W ednesday n ight at a smart advance, w hich was most
conspicuous in September options, ow in g to depletion o f
Am erican stocks by free exports. Yesterday the bull m ove
m ent continued in this crop (to w hich, indeed, the speculation
has been m ainly restricted), but the next crop, w h ich had
received some strength from reports o f drouth in cotton
States, was depressed by some rainfall. To-day the m arket
opened slightly dearer and the early months gained strength
on further shipments from New Y ork and buying to cover
contracts. Later on the w hole m arket weakened, A u gust
contracts show ing notable depression from the w ithdraw al
o f support and selling to realize. The close was at a few
points below the best prices o f the day and barely steady.
The closing prices, as compared w ith last Friday, are 7@11
points dearer for this crop and 7@6 points dearer for the n ext
crop, September and January show ing exceptional strength.
Cotton on the spot advanced 1-16c. on W ednesday and
l-16c. on Thursday. To-day the m arket was quiet and un
changed at 8 l-16c. for m iddling uplands.
The total sales for forward deli very for the week are 644,400
oales. For immediate delivery the total sales foot up this w eek
5,095 bales, including 1,800 for export, 1,795 for consum ption,
200 for speculation and 1,300 on contract. The follow in g are
the official quotations for each day o f the past w eek—
A pril 18 to A pril 24.
Rates on and off m iddling, as established Nov. 22, 1893,
and revised Dec. 11, 1895, by the Revision Committee at w h ich
grades other than middling m ay be delivered on contract:
Fair ...................... .........o. 1 q on. Good O rdinary............ o. 1
off.
Middling Fair. ................
Strict Good Middling......
Good Middling.................
Strict Low Middling........
Low Middling . . . . _____ _
Strict Good Ordinary.......
C on ti
n e n t.
Total.
164,229 654,340
41,620
85,259
509,303 1,422,074
29,917 111,947
278,141 339,876
23,959
74,340
176,943 273,005
90.708 132,531
15,018
51,631
220,036
2,532
60,081
33,794
14,289
528,269
242,525
120,731
41,807
29,208 84,180 2,001,781 446,913 1,253,810 4,102,454
1.250 21.138 B6,558 3.077.314 740.773 2,253,143 1,071,230
7s on.
M on.
»18 on.
318 off.
% off.
h X8 off.
Good Middling Tinged..
Strict Middling Stained..
Middling Stained.............
Striot Low Mid. Stained..
Low Middling Stained....
Even.
I 32 oft.
% oft.
25sa oft.
1 ^ oft.
On this basis the prices for a few o f the grades w ould be a s
follow s.
UPLANDS.
Middling....................................
Good Middling..........................
Middling Fair............................
Tot. this wk.
E x p o r ts
fro m —
Other
Great
B rita in . France. Foreign
Total.
.....
353
Tot’ls this week
10
2,975
......
446
Baltimore........
Phlladeiph'a.&o
14
2,170
......
In addition to above exports, our telegrams to-n ight also
give us the follow in g amounts o f cotton on shipboard, not
cleared, at the ports named.
W e add similar figures for
New Y ork, w hich are prepared for our special use b y Messrs.
Lam bert & Barrows, Produce Exchange Building.
9,133
2,545 12,766
225
24,669
137,112
New Orleans...
3,500
692
6,500 None.
Galveston........
10,692
30,618
500
None. None.
200
Savannah........
700
28,608
None. None. None.
400
9,291 Charleston. . . .
400
18,005
4,300 None. None. None.
obile.............
8,812
4,300
1,928 M
Norfolk............
1,000 None.
500
4,500
6,000
15,077
15,994 New Y o rk .......
400
7,480 None.
4.000
11,880
134,855
7.000 None.
1,743 Other ports___
3,000 None.
34,089
10,000
2,561
2,945 27,746
Total 1896... 31,933
6,017
68,641
407,176
5,821
Total 1895... 58,320 5,778 43,583 19,887 127,568
428
622,644
6,741 45,054
Total 1894... 35,080
8,073
555,866
94,948
1,515
5,152
The speculation in cotton for future delivery at this m ar
1,091 ket has been fairly active, at prices show ing w ider fluctua
F r i.
1,36C
1,928
4,752
201
2,561
970
428
74
5,152
892
2,034
......
168
Thurs.
[V o l . LXIX
GULF.
Good Ordinary.......... ...............
Low Middling.................. ........
Middling.....................................
Good Middling..... ............ ........
Middling Fair ............. ........
STAINED.
Middling— . _............................
Strict Middling..........................
Good Middling Tinged.............
S at.
M o il T u e s W e d
T il .
615,6
7916
j ; bi«
81^1 A
6’ “16 6'5 X8
7»16
T
18
8 I4
8M
813, 6 8i31R
7
7%
7118 7 li«
71118 7u 16
S'l8
8 hs
883
8%
8i5,« 8i5,a
73.6
71316
53.6
8ia
9 i,«
7 ’16
7M,
7“ ,a
71“U
8“is
8=8
93,e
75.6
715,e
8“16
85g
93.6
F r i.
61318
611,6 634
7®8
7 n lG
?2332 72532 737,33
715,6 8
81,6
61318
71116
F r i.
8
85,6
878
Sat. M o n T u e s W e d T h .
83ia
8 I3
91 ,»
8 3ik
813
77a
8^4
She
913
91,6
S a t. |M o n T u e s W e d T it .
6U18 6 llte
6 | 79,6 j
72332 723,2
715,6 715,g
79,6
F r i.
73332
6'16
M AR K E T AND SALES.
The total sales o f cotton on the spot and for future delivery
each day during the week are indicated in the follow in g
statement. For the convenience o f the reader w e also ada
a colum n w hich shows at a glance how the m arket closed on
same days.
SALES O F SPO T A N D CO N TR A C T.
SPOT M A R K E T
CLOSED.
Sat’d a y.
Monday.
Tuesday
Wed’day
Tlmr’ d'y
Friday..
Total.
Ex
port.
Quiet.................
Dull .................
Quiet ............... 1,500
Steady at tX8 ad.
Steady a t i,8 ad.
Steady...............
300
OOTi- Spec- Con
sump. uVVn tract.
113
206
200
496
429
351
1,800 1,795
Total.
Sales of
Futures .
113
900 1,106
400 2,100
696
429
651
30,500
80,400
79,700
149,900
178,600
125,300
200 1,300 5,095
644,400
200
M ovem ent to A p r il 24, 1896.
f
M ov em en t to A p r il 26, 1895.
1I
R eceipts.
R eceipt*.
Shipm 'ts Stack
This
fiinca
This
T h is
S ince
m is
w eek. S ep lA .’ OH. w eek. A p r . 24
w eek. Sept .1 ,’'94. w eek. A p r . 26.
*8
.
TO W N S.
CO
T-
. ,.
23
10,256
535 i 116,700
70
3 4 ,7 2 9
61 1
49,1 03
1 ,9 9 8 !
96,8 61
20
2 6 ,7 2 0
100
4 9 ,0 3 9
203
89,3 01
943
168, S42
77
4 0 ,2 9 3
01
50,014
99 !
5 0 ,5 2 6
107
5,491
5 8 3 | 70,431
351
2 8 ,1 6 9
50 i
4 0 ,3 4 5
1 94
32,7 58
80
47,4 30
127
0 4 ,3 2 9
03
5 3 ,1 9 2
1.822 i 534,874
245 !
19,192
371
19,580
1,7521 181 .92 3
775,
32,172
52 j
14,925
2,381 ! 4 1 0 ,4 3 7
370
2 0 .5 5 0
134 ;
52,4 07
101
40,4 99
9 ,6 4 0 ; 1,015,857
T o ta l, 31 tow ns____
2 5,4 77 41,485,509
E ufim la,
A l a b a m a ...
Montgomery
*1
Seium,
Helena,
A r k a n s a s ..
Albany,!
G e o r g ia . . .
A th en s,!
it
Atlanta,
An grata,
Columbus,
; MlU-OIl,
; R om e,
: Louisville, *
Shreveport,
Oolumlnif*.
Greenville,!
Meridian,
Nateliez,
**
II
“
«<
K entucky.
Lo u is ia n a .
M is s is s ip p i .
•«
•1
i*
V ick sb u rg ,
Yazoo Cits-.
Hi. Louts,
Charlotte,
(J
o
ip s iim s llj
£
O
PH
!sloooocnaocoaioooococo
lli!ll!!l*
c
C£
p
H
MISSOURI,..
N .C a k iilin a
Cincinnati, G o t o .............
8 . C a r o l in a
Columbia,
<*
(ireeinvood,!
T e n n e s se e ..
M em rliK
*«
iXttAltville,
T e x a s ...........
(B ren b a m ,
iS g s s in tta its s I
w
it
Pallas.
Houston,
Market,
Market, Prices and
Range and
Sales of
Total Saks.
FUTURES.
"
151
1 ,205
013
350
2.251
71
108
477
2 ,792
507
89
152
127
1 ,8 5 7
240
3 50
374
337
1,807
1,141
0,031
*245
300
1,978
775
587
4,201
1,859
1,822
17,661
1,950
7 ,7 5 0
0,953
14,9 02
5,595
3.852
1,921
395
6 ,7 0 5
358
5 ,3 0 0
2 ,787
3.901
7,054
7 ,0 0 2
5 1,8 03
50
1,905
4 ,4 3 5
20
310
59,1 13
7 ,3 8 7
429
450
172
8,521
10 1
2 .6 0 0
1 ,0 6 0
2 1 ,1 0 3
1 1 ,9 8 2 2 1 7 ,1 0 4
5
581
170
70
19,2 52
1 4 2 ,4 1 7
77,053
68,421
123,835
82,571
7 8 ,3 5 6
184 ,96 4
2 0 0 ,3 7 6
6 3 ,8 2 9
6 9 ,3 3 0
85,3 03
1 0 ,2 3 3
110,247
39,824
4 2 ,7 5 9
43,574
64,531
62,5 38
59,3 25
9 0 3 ,0 2 6
2 3 ,8 1 7
33,4 39
3 0 1 ,33 6
3 2 ,2 5 9
10,439
5 7 0 ,0 9 7
50,6 06
119 ,15 8
6 3 ,4 5 3
1 ,7 0 3,59 0
10 0
200
550
8,624
0 43
45
14,003
38
293
179
11,2 90
1.985
12,321
37,9 28 5,5 1 9,01 1
6 4 ,0 6 0
210
45
143
515
893
107
117
122
197
516
129
30
337
191
853
00
9 ,9 3 0
10 0
305
9 .0 2 7
913
05
3 .1 0 9
1,137
293
195
8 ,0 9 5
194
0 86
281
1,404
783
1,194
5 20
1.665
2 ,0 1 1
3 86
189
659
502
2 .5 8 8
287
150
190
800
4 67
390
12,653
D A I t r PRIORS AFP SALES OF FV1URF.S FOR EACH MONTH,
April.
May.
June.
July.
August.
beplember.
October.
November.
December.
January.
February. | March.
J
Saturday, Apr. 18—
Sales, to tal........
Prices paid (range)
Closing....................
A v 'g e .. ----- A v'ge.. 7*69 A v'ge.. 7*73 Av'ge.. 7*73 Av'ge.. 7*71 A v'ge.. 7*34 Av'ge. 7*23 Av'ge. 7*13 Av'ge, 7*13 A V ge.. 7*18 A V ge,, 7*24 A v’g e . . Firmer.
1)00
......
5,000
0,9(8)
*200
1,000
3,000
2,300
200
3,100
30,500
4,200
7*08 a 7*72 7*72,1 7 74 7*71 « 7*75 7*70* 7*74 7 ‘33 if 7*34 7*22# 7*23 7*17# 7*13 7*12# 7*15 7 17# 7*10 7*23 9 7*24 — * — j
7*12® 7'75 — -fP 7*737*74
7-0 9 - 7 70 7*09- 7*70
7*72 7*73 7 * 7 1 - 7*72 7*33— 7*34 7 *2 3 - 7*24 7 T 3 - 7 1 4 7 * 1 3 - 7*14 7*18 - 7*19 Easier.
—
Monday, Apr, 20—
Lower
A v'ge.. 76 9 Av'ge.. 7*07 Av'ge,. 7*71 Av’ge.. 7*70 A v’ge.. 7*09 A y we. 7*32 Av'ge.. 7*21 Av'ge,. 7*12 A V ge.. 7*12 A V ge.. 7*18 A v'ge,. ------- Av'go,.-----11,400
12,800
0,800
4,700
100
2,700
4,000
2,700
8,200
80,400
27,000
........
7-11,» 7 73 — * 7-68 7*65 # 7*68 7*70 if 7*73 7*68 a 7*73 7 090 7*71 7*31 * 7*33 7*20# 7*22 7*11 ,* 7*13 7 11# 7 11 7*17# 7*19 — # - 9 7 * 7 1 - 7*72 7*70- 7*71 7*70 - 7*71 7 * 3 1 - 7*33 7*21— 7*22 7 1 2 - 7*13 7 t ’i - 7*13 7 * 1 7 - 7*ls
(Steady.
7 -6 6 - 7'07 7*07-
Closing.__ ', .....1
Sales,"total.............
Closing....................
WednesrPy, Apr,22—
Closing....................
Thursday, Apr. 28—
Sales, total. . . ____
Closing............—
Av'ge.. 7-08 A v'ge,. 7*09 Av'ge.. 7*73 Av’ g e .. 7*72 Av'ge,. 7*71 Av'ge. 7*30 A v ’ge. 7**23 Av'ge.. 7*13 A v'ge.. 7*11 A V ge.. 7*18 A V ge..------ A v'ge ..------1
Easier.
. .
12,300
10,700
17,700
2,500
79,700
1,000
MOO
17,100
8,000
2,900
1,800
7'11 if 7-76 7 '6 7 * 7'68 7*65* 7*70 7*69# 7*76 7*09» 7*74 7 *6 h# 7*73 7*82 a 7*40 7*209 7*26 7 * 11* 7*15 7 1 1 * 7*16 7*16* 7-20 — » —
— # — j
_ _ —,
7 * 7 1 - 7*75 7*73- 7*71 7*72™ 7*73 7*38 — 7*39 7*25“ 7*20 7*1,6— 7*16 7 * 1 5 - 7 10 7*20- 7 21 “ “ T7 -6 8 - 7'0« 7*09Hearer.
*21 Av'ge. 7*21 A ¥*«<•,. 7 “24 A v’ge. ------ A v 'g e ..----Buoyant. A v'ge..----- Av'ge.. 7*7,V A v ’ge.. 7*80 A v ’ge,. 7*80 Av'tfc,. 7*78 A v ’ge.. 7*42 A x 'g o .. 7*20
1,700
10,700
5,300
33,100 ,
11,200
10,300
0,700
' 3*4.00
04,500
149,900
7*70 a 7*81 7*77# 7*80 7*76 if 7*84 7*73 9 7*81 7*419 7*13 7*271* 7*30 7 * 1 7 * 7*22 7*17# 7*22 7*21# 7*25 - * —
7 '1 7 9 7 ‘85 — # — *# — l
7-80 - 7-82 7 *8 1- 7*82 7*84 - 7*85 7*83- 7*84 7*80- 7*81 7 * 1 2 - 7*43 7*30— 7*31 7*20- 7*21 7*20— 7*21 7*2 5- 7*20
Steady.
A v ’ge ..------ A v'ge.. 7*85 A v 'g e .. 7'9*> A v'ge.. 7*87 A v 'g o . 7*80 A v’ge.. 7*44 Av'ge.. 7*31 Av'ge., 7*21 A v'ge,. 7*21 A V ge.. 7*26 A v'ge..------ A v 'g e ..----- 1
Firmer.
17,300
13,700
178,600
4,900
18,600
71,900
3,800
5,100
.■ ****.
9,300
■1,100
7*82 <* 7*98 7*86# 7*91 7*8 1 <f 7*9i) 7*8*2 * 7*98 7*11 » 7*47 7 *20# 7*34 7*18* 7*24 7*18# 7*25 7*330 7*20 — * —
7*18* 7-91 — # — » — !
7*8 6- 7*87 7*8 4- 7*86 7*82— Irregular.
7-8 2 - 7'84 7*83- 7*40- 7*41 7**23- 7*20 7*18 - 7*19 ?*18~ 7-tO 7 - 2 2 - 7*23 “ * —
j* — L
Firmer. A v'ge.. 7'85 A v ’ge.. 7*83 A v'ge .. 7*80 Av’ge.. 7*92 A v’ge.. 7*81 Av'ge.. 7*42 Av'ge,. 7*28 AVge, 7*1-8 A v ’ge.. 7*18 A r g o , 7*22 A v'ge..------ A v 'g e ..----- 1
32,000
500
8,500
3,900
125,300
47,500
7,000
11,700
3,000
5,800
3,000
- « — j
Prices paid (range) 7 T 8 » 7 88 7*84* 7*85 7*80 # 7*811 7*83 if 7*HH 7*79® 7*86 7*77# 7*84 7*40# 7*43 7*204 7*39 7 1 U * 7*20 7*17* 7*19 7*20# 7*23 —' » —
7-80 - 7*82 7 * 9 1- 7*84- 7*85 7*8*2- 7*93 7*7 9 - 7*80 7*40- 7 11 7*27- 7*28 7*17 - 7*19 7*17— 7*18 7 * 2 1 - 7*22 ** — —
Dull.
Closing..................
Friday, Apr. 24—
s
d
«
3
Total sales this week
Average price, week
044,400
'fifties since 8ep.l,'95* 88,272,700
1,000
7*74
627,100
141,100
7*74
57,800
7*79
55,500
287,800
33,<WH)
7*38
40,000
7*20
27,900
7*10
20,700
7*16
21,000
2iX)
7*24
0,040,000
1,005,000
625,100
2.044,100
100,300
912,600
400,800
324,200
64,100
200
7*70
7*21
. .. . .. ]‘
1 ,0 0 0
3 ,3 7 7
849
650
13,254
2 ,319
1,703
5, U S
15,191
6,344
1,261
1,439
815
9 ,6 4 6
270
900
2 .018
2 ,528
1,524
834
4 4 ,6 7 3
5 «8^3 cCtH
y i i j l
s i s * ! * 3!
it! l f i l l
145 » l i , » _ cl —N
33,992 3 « <s fc 2 2 „ ®
3 .841 r S J O -B J S k
S1M8 -D**» * ffl cS
4 ,9 9 5 5
* 4» at
*
197
13,129
.
h
186,641
THE CHRONICLE.
783
Q uotations for Middling Cotton at Other Markets .—
Below are closing quotations of middling cotton at Southern
and other principal cotton markets for eaoh day of the week.
„
,
,.
C L O S IN G Q U O T A T I O N S F O t t M I D D L I N G C O T T O N O N —
Week ending ----------------- ---------------------------------------- ----- -----------J
- .
,
,
e r ,l __
AJp r il O
24.
F r i.
Wednes. Thurs.
Mon.
Tues.
Satur.
Galveston. .
New Orleans
M obile........
8avaimah...
Charleston..
Wilmington.
N orfolk.......
7%
7 lli0
7*s
70,6
7Lj
7*8
7JJl«
7>' io
7>e
79ia
7^3
7=8
Baltimore. .
Philadelphia
Augusta......
Memphis__
8t. Louis___
Houston__
Cincinnati..
Louis viUe...
8 16
83,6
16
83i0
7l'ifl
7\
7*3
7yie
7H
7=s
8
7%
7\
7Ul6
71s
7»16
7is
7»i«
7is
7=8
71i j8
7h
7=8
7‘ ‘ l«
8 18
8i*
7%
7^3
79,6
8
83i0
7 i'ie
7is
7“ ,6
7=4
7*8
77s
8
7h
7«ib
7%
7=8
77e
7=8
7=8
7\
7\
7n ia
71'16
7^
7*8
7^3
8=8
7^2
7=8
7=s
7=8
71116
8
8is
8=16
7=4
7»is
79,6
7=4
7%
77r
7\
8i«
8»,6
7^4
7»l6
7=16
7\
7=4
7 7s
The closing quotations to-day (Friday) at other im portant
Southern markets were as follows.
Atlanta.......... 7=8 I Eufaula.........
713
7 R b Natchez........
Charlotte....... 7=4 ' Little Rock__
7>s
7=,o Raleigh.........
Selma............
Columbus, Ga. 714
Montgomery...
7 38
7 is
Columbus, Miss 7% 1Nashville.......
Shreveport__
7%
7h
R eceipts from the P lantations.—The follow in g table
indicates the actual m ovement each week from the plantations.
The figures do not include overland receipts nor Southern
consumption; they are simply a statement o f the w eekly
movement from the plantations o f that part o f the crop w hich
finally reaches the market through the outports.
R ec e ip ts a t th e P o r t s . ' S t'k a t I n t e r i o r T o w n s } R ec 'p ts f r o m P la n V n s .
jE n d in g —
M cb.
“
A p r.
“
“
20.......
27.......
3 .......
10.......
17.......
2 4 .......
1894.
49,355
15,202
54,279
63,867
•17,903
14.391
1895.
1894.
1895.
1896.
287,155
265,966
245,342
218,173
203,041
181,915
344,836
323,932
275,916
247,849
212,773
186,641
331,183
316,494
293,982
280,927
263,609
247,104
1896.
123,133 69,460
115,470 76,237
116,767 60,202
93,523 57,967
80,0171 40,076
69.9651 54.666
1894. | 1895.
1896.
3l,69Gj
24,1031
33,6551
36,698;
32,771!
26,298!
41,009
58,548
37,690
44,912
22,758
38,161
L13.993
94,566
6S.751
65,450
45,541
43,833
The above statement shows: 1.—That the total receipts
from the plantations since Sept. 1. 1895, are 5,190,027 bales; in
1894 95 were 7,717,190 bales; in 1893-94 were 5,787,178 bales.
2.—That although the receipts at the outports the past w eek
were 54,666 bales, the actual movement from plantations w as
on ly 38,161 bales, the balance being taken from the stocks at
the interior towns. Last year the receipts from the plantation s
for the week were 43,833 bales and for 1894 they were
26,298 bales.
Overland Movement for the W eek and Since Sept . 1.—
W e give below a statement showing the overland m ovem ent
foi tha week and since September 1. As the returns reach us
by telegraph late Friday night it is impossible to enter so
largely into detail as m our regular m onthly report, but all
the principal matters o f interest are given. This w eekly
publication is o f course supplementary to the m ore extended
monthly statements. The results for the week ending Apr. 24.
and since Sept. 1 in the last tw o years are as follows.
1895-96.
A p r il 24.
Week,
Since
Sept. 1.
1894-95.
Week.
Since
Sept. 1.
Shipped—
Via St. Louis...............................
Via Cairo.....................................
Via Parker City..........................
Via Evansville............................
Via Louisville............................ .
Via Cincinnati............................
Via other routes, &c................. .
Total gross overland..............
Deduct shipments—
6,631
2,510
235
694
1,474
1,662
490,560
224,571
16,309
1,681
122,651
90,594
83,547
12,653
2,452
600
45
3,479
5,336
763
876,229
318,745
33,545
3,770
174,835
3 67,928
136,769
13,206 1,029,913 25,328 1,711,821
Overland to N. Y., Boston, &c..
Between inteiior towns.............
Inland, &c., from South.............
5,580
163
607
250,984
3,316
44,019
Total to be deducted............. .
6,350
298,319 17,882l 588,032
15,585
418
1,879
492,961
29,230
65,841
Leaving total net overland*..
6,856 731,594
7,'446|l, 123,789
* Including movement by rail to Canada.
The fo re g o in g show s th a t th e w eek ’s n et overla n d m o v em en t
th is yea r has been 0,856 bales, again st 7,446 bales fo r th e
w e e k in 1895, and th a t fo r the season t o date th e a g g reg a te n et
o v e rla n d exh ib its a fallin g o ff from a yea r a g o o f 392,195 bales.
I n Sight and Spinners ’
Takings.
1895-96.
Week.
Since
Sept. 1.
1894-95.
Week.
Since
Sept. 1.
Receipts at ports to Apr. 24........ 54,666 4,975,623 69,965 7,587,890
Net overland to Apr. 24...............
6,856 731,594
7,446 1,123,789
8outhera consumption to Apr. 24 16,000 652,000 14,000 579,000
Total marketed....................... 77,522 6,359,217 91,411 9,290,679
Interior stocks in e x c e s s ............. *16,505 214,404 *26,132 129,306
Came into sight during week. 61,017
65,279
Total in sight Apr. 24...........
6,573,621
9,419,985
North’n spinnerstak'gs to Apr. 24
1,804 1,415,091 11,347 1,983,854
It w ill be seen by the above that there has com e into sigl
during the week 61,017 bales, against 65,279 bales for tl
same week o f 1895, and that the decrease in amount in sigl
to-night as compared w ith last year is 2,846,364 bales]
[V o l . L X 1I,
W eath er R eports b y T e l eg ra p h .—Our telegraphic ad
vices from the South this evening are m ainly of a favorable
character. Planting has made rapid progress generally, and
at some points is nearing completion. Early-planted seed is
com ing up in a number o f localities and is doing well.
W h ere rain has fallen during the week the precipitation has,
as a rule, been light, but over a considerable area dry
weather has prevailed. Some correspondents state that rain
is needed to assist the germination of late-planted seed.
Galveston, Texas.—The weather has been very favorable
for farm w ork the past week and much cotton has been
planted, especially over the northern and central portions of
the State. Early plantings are doing very well, and some have
been worked in South Texas. Late-planted cotton needs rain
to insure a good stand. It has bean dry all the week. The
thermometer has ranged from 61 to 76, averaging 68.
Palestine, Texas.—There has been rain on one day the past
week, with a precipitation of eight hundredths o f an inch.
Average thermometer 75, highest 86 and lowest 64.
Huntsville, Texas.— There has been only a trace of rain
during the week. The thermometer has averaged 77, the
highest beiDg 88 and the lowest 66.
Dallas, Texas.— It has rained on one day o f the week, to the
extent of eight hundredths of an inch. The thermometer has
averaged 76, ranging from 62 to 90.
San A ntonio,T exas.— Crops are reported in excellent condi
tion. Rain has fallen lightly cn one day o f the week, the
rainfall reaching one hundredth of o f an inch. The ther
mometer has ranged from 64 to 90, averaging 78.
Luling, Texas.—W e have had only a trace o f rain the past
week. Average thermometer 81, highest 96, lowest 66.
Columbia, le x a s .—W e have had only a trace of rain during
the week, the rainfall reaching ten hundredths of an inch.
The thermometer has averaged 73, the highest being 82 and
the lowest 64.
Cuero, Texas.—Rain has fallen on tw o days o f the week,
the precipitation reaching ten hundredths o f an inch. The
thermometer has averaged 77, ranging from 64 to 90.
Brenham, Texas.—There has been rain on one day o f the
week, the rainfall reaching six hundredths of an inch.
The
thermometer has ranged f f om 64 to 86, averaging 75.
Temple, Texas.—There has been only a trace of rain during
the week. Average thermometer 79, highfst 94, lowest 64.
F ort W orth, Texas.—W e have had rain on one day o f the
week, the precipitation reaching two hundredths o f an in ch .
The thermometer has averaged 74, the highest being 89 and
the lowest 60.
W eatherford, Texas—There has been no rain during the
week. The thermometer has averaged 73, ranging from 58
to 88.
New Orleans, Louisiana.—There has been no rain all the
week. The thermometer has averaged 73.
Shreveport, Louisiana.—Rain has fallen on one day o f the
week but to an inappreciable extent.
Average therm om e
ter 73, highest 85, lowest 62.
Columbus, M ississippi.—The weatlipris unseasonably warm.
Rain is needed.
Farmers are well up with their work.
W e have had no rain during the week. The thermometer
has averaged 81, the highest being 95 and the lowest 68.
Leland, M ississippi.—The weather has been dry all the
week. The thermometer has averaged 73'3, ranging from 61
to 86.
Vicksburg, Mississippi.—The weather has been favorable
for planting operations and good progress has been made.
Planting w ill be finished by May 1st. '1 here has been no rain
during the week. The thermometer has ranged from 61 to
85, averaging 74.
Little Rock, Arkansas.—It has been dry all the week. A ver
age thermometer 74, highest 86 and lowest 64.
Helena, Arkansas — Heavy rain has been reported north and
south of here, but locally there has been o r ly one sprinkle
during the week, the rainfall reaching tw o hundredths o f an
inch. Crops are doing well. The thermometer has averaged
74-4, the highest being 87 and the lowest 62.
Memphis, Tennessee.—Planting is progressing rapidly and
some cotton is up. Rain has fallen lightly on tw o days of the
week, the rainfall reaching twenty-six hundredths o f an inch.
The thermometer has averaged 74’8, ranging from 64-7 to 85-8.
Nashville, Tennessee.— It has rained to the extent o f sixtytwo hundiedths o f an inch during the week. The thermometer
has ranged from 58 to 88, averaging 72.
Mobile, Alabama.—Planting is nearing completion in most
sictions. There has been no rain during the week and it is
needed. Average thermometer 72, highest 83 and lowest 61.
Montgomery, A labam a— Everything looks well. Planting
is still kept up vigorously, and plenty of cotton is com ing up
and doing finely. W e have had very beneficial rain on tw o
days of the week, the rainfall being one inch and five
hundredths The thermometer has averaged 76, the highest
being 88 and the lowest 64.
Selma, Alabam a.—In general, planting is practically com
pleted ; stands thus far are good and cultivation is being ca r
ried on under favorable circumstances. There has been no
rain during the week. The thermometer has averaged 74,
ranging from 60 to 88.
Madison, Florida.—Planting is not yet completed, but it is
supposed that the increase in acreage w ill reach between ten
A pril 25, IS'jfe.]
THE CHRONICLE.
and fifteen per cent. There has beeD rain to the extent of
eighty hundredths o f an inch on one day of the week. The
thermometer has ranged from 68 to 88, averaging 79.
Columbus, G eorgia,— W e have had rain oh one day o f the
past week ..the rainfall being thirty-seven hundredths of an
inch. Average thermometer 77, highest 88 and lowest 63.
Savannah, G eorgia,—W e have had rain on one day of the
week, to the extent o f fou r hundredths o f an inch. The ther
mometer has averaged 76, the highest being 90 and the
lowest 63.
Augusta, Georgia.—There has been rain on tw o days o f the
week, the precipitation reaching four hundredths o f "an inch.
The thermometer has averaged 77, ranging from 62 to 93.
Greenieood, Smith Carolina.—The weather has been exces
sively warm for April the past week. Planting is advancing
rapidly. Bain has fallen on two days o f the week to the e x
tent of twenty-eight hundredths o f an inch. Average ther
mometer 79, highest 98, lowest 00.
Stateburg, South Carolina.—The weather has been unsea
sonably hot and dry all the week and rain is needed to assist
the germination o f seed lately planted as well as for the bene
fit o f grow ing plants. The thermometer has averaged 76-5,
the highest being 91 and the lowest 64.
Charleston, South Carolina.—W e have had rain on one day
of the week, the precipitation being tw o hundredths o f an
inch. Average thermometer 73, highest 89, lowest 65.
W ilson, North Carolina.—There has been no rain the past
w eek. The thermometer has averaged 80, ranging from 00
to 94.
The follow ing statement w e have also received by telegraph,
sh ow in g the height o f the rivers at the points named at
8 o ’clock April 23, 1896, and April 25, 1895.
A p r . 23, ’96- A p r. 23, *95.
Feet.
New Orleans..........
Feet.
7-6
117
15 0
Nashville....................................Above ser» of gauce 5 4
S h r e v e p o r t ......................................A bove z e ro o f g a u g e 7*7
Yloksburg...................................Above zero of gauge 38*7
18-1
13 6
1896,
Mh 20
“ 27
Apr. 3
“ 10
“ 17
“ 24
.
B O H B A T B S O B t fT S XSS> S H H -N R S T * V O S M
Shipm ents th is w eek
tea r
S hip m en t* tin m Sept, X,
Grm i! j Conti- \ m t ,
G reat ' & m itm
B r ifn . n en t. to tm . B rita in n m t .
•95-6
56.000 186.000
’94-5 1,000- 7,000 8,000
6.000 203.000
*93 4 . . . . . .
3t),ooo 40,000-AO 1,00®.
*92-3 2,000125,000 27,000 28.000 4.43.OO0Shipm ent* f o r the w eek.
ill
i°»|
Oaleutta—
1895-96...
1894-95...
Madras—
1995-96,..
1994-95...
A ll others—
1895-96.,
1894-95...
o tal #11—
1595-96...
1304-95...
S h ip m en ts
to alt E u rop e
fr o m —
QomM~
memL
1,000
1,000
l
* , ,
DM*
Total.
Week.
542.000 8.4,000 1,610.000
204,000 79,000 863,000
541.000 80,000 1,262.000
481,000! *0,000 1,101.000
Great
B ritain .
4.000
C ontinent.
10,000
1.000
4.000
3.000
4.000
3.000
Totai.
11,000
43.000
17.000
33.000
23.000
10,000
7,000
17.000
25.000
43.000
31,090
57.000
49.000
13.000
......
Sine*
Sept. 1.
Shipm ents sin c e Sept. X.
Total.
3,000
Meteiptjf.
121.000
15.O00
7,000
8,000
32.000
05.000 j 127,000
3,000 1 4,000
03.000 1 102,000
30.000
K *iv> m t o KVHorn raoM i u , ixdia .
1,000
1,000 i
1395-96.
1801U5.
1893-91.
T h u 1 S tm e
w eek. ! Sept. U
This ( Since
week. | Sept. U
Thi$ j Since
week.
SepL l .
Bombay.. . .. . j 20,000 542.000
AH other p orta I 8 *0 0 0 ' 127.000
34,000
000,000
A l e x a n d r ia R e c e ip t s
and
8,000
•
12.000
209.000 39.000 541.000
102.000
3 ,0 0 0 ; 159,000
311,000 42,000
700,000
S h ip m e n t s . — T h rough a rra n g e
ments we have made with Messrs. Davies, Ben&chi & Co., o f
Liverpool and Alexandria, w e now receive a weekly ca b le o f
the movements o f cotton at Alexandria, Egypt. The follow in g
are the receipts and shipments for the past week and fo r the
corresponding week o f the previous tw o years.
Jtikamndria, E gypt,
A p ril 22.
M&e&ipXm
.„„
T ills w m k ...
B m m Sept. 1
1995-96.
1391-95.
To Ooutioeotf
Total Eli.rope....
18930M.
j
9,000 (
5,100,000 \
10,000
1.508,000
This
Since
This
Since
w eek* Sept. l* : w eek. Sept,
M x p m ts
T o Liverpool
||
^ s 2 .0O0 303.000
2,000 273,000
4,000 576.000
1
50.000
4,7 61.000
This
Since
t week. 1Sept. 1.
2,000 210,000
8.000 293,000
288,000
3.000 228,000
8,000 333,000:
3,000 510.000
t or widen to Am«r,o»in 14 >5 90,4), n * bales; ia 1894-95, 37,995
b # le « In 1893-94,15,961 balm.
M anoh h t k r Market ,—O ir r e s o r t received b y ca b le to-n ight
from Manchester states that the market is steady for both
yam s and shirtings. Manufacturers are generally Well under
contract. W e give the prices for to-day below and leave those
fo r .previous weeks o f this and last year for comparison:
s. d.
4 V » 8 8%
4 1,9 6 8 *3 ;
413*6 8 hs
4ha»6 8 >2 :
41236 8 ks
41-386 8L3i
8 At lbs. S hirt OotPn
in g s, com m on M id.
to fin e st.
UphU
a.
a.
a. 8.
4133, 514 ®51318 4
4% dH •®5 i 8i(, 4
413s3 53W®G
4
4i3io 5% ®6 is 4
4% 5*,e®6i4 4
4183, 5*8 ®8 % 4
d. s.
0 ®6
0 ®6
0ia®6
1 *6
lia® 6
2 ®6
d.
a.
113 3-1;2
1% IJis
2
3%
2ia glie
313 39,8
4
3hls,
S e a I s l a n d C o t t o n M o v e m e n t .— W e have received this
Friday) evening by telegraph from the various p o rts the
details o f the S e a Island cotton movem ent fo r the week. The
receipts for the w eek ending to-night (April 24) and since
Sept. 1, 1895, the stocks to-night, and the same items for the
corresponding periods o f 1894-95, are as follow s.
1895-96.
R eceipts to A p ril 24.
1894-95.
Stock.
This
S ince
This
Since
w eek. Sept. 1. w eek. Sept. 1. 1896.
Charles ton, A c .................
Florida, Ao.......................
Total............................
116
74,143
10,403
4,783
45
64,069 5,175
5,182 1,658
5,139 1,830
116
89,334
45
74,390
1895.
1,370
230
167
8,663 1,767
The exports for the week ending this evening reach a total
o f 1,090 hales, o f which $38 bales were to Great Britain, 144
to France and — to Reval. and the am ount forwarded to
Morthern mills has been 817 bales. Below are the exports
for the week and since September 1 in 1893-96 and 1894-95.
E xp ort*
fr o m —
and shipments o f cotton at Bombay have been as follow s f o r
the week and year, bringing the figures dow n to April 23.
all
s. a.
4
4
4
6*2 ®7% 4
6 % ®7% 4
68 s ®7% 4
P o r t s .— T h e re ce ip t'
I n d ia C o t t o n M o v e m en t F ro m
ings, com m on M id. 32s Cop.
Twist.
to fin e st.
Tfplds
d.
d.
®7%
6*3 ®7%
6 >2 ®7%
6^
1895.
8 ’-4 lbs. Shirt Ootl’ n
3 2 s Oop.
Twist.
S’ vann’h, Ac
Chart’ t ’a, Ac
Florid*. Ac.
New York..
Boston........
Baltim ore..
1*2
2 3 't
789
Week E n d in g A p r . 24. S ince Sept. 1.18 9 5 .
N orlh'n M ills.
ffrea t F r'n ee
Great S r'n ee
Total. B ril’ n.
Total.
Bril'n. de.
Ac.
,
Since
W eek, s e p l .l .
......
11.618 2,366 11,0 11
2,961
81 3,025
307 31,878
10 1,501
........ 3,608
"3 2 0
**1*44
T o ta l........
856
: .......
144
1,000 37,599 6,467 41,066
317 36,990
Total 4894 5
447
174
621 34,205 5,512 39,717
453 *34,192
536
11.037 4,024 18.06*1
530 6,611
0,611
2,312
13 2,355
....
A considerable portion o f the Sea Island cotton shipped to
foreign ports goes via New Y ork, and some small am ounts via
Boston and Baltimore. Instead o f including this cotton for
the week in w hich it leaves the Southern outporta, we follow
the same plan as in our regular table o f including it when
actually exported from New Y ork, & c. The details o f the
shipments o f Sea Island cotton for the w eek ,w ill be found
under the head “ Shipping News,” on a subsequent page.
Quotations April 21 at Savannah, for Floridas, com m on,
I0*£c.; medium fine, 18e.; choice, 18c.
Charleston, Carolinas, m edium fine, 20c.; fine, 23@23c.;
fu lly tine, 23c.; extra fine, 2G@27c.
E x c h a n g e s , —The follow ing exchanges have been made
during the week:
*02 pd, toexeb, 1,900 May for Aug.
*03 pd. t*»6xch. 1,000 May for July.
*10 pd. to exeh. 5.100 Dee. for O ct
*05 pd. to exeh* 200 J&u. for O c t
*01 pd. to exoh. 100 May for Apr.
*01 pd. to ejEeh, 200 Aiur. for July,
*57 pd. to exeh. 200 Nov. for Auc.
•47 pd. to ex oh. 100 Oot, for Any.
■ I t pd. to exch. 500 Oet for Sept.
•12 pd. to exeti. 50 >Oot. for Sept.
"23 pit. to oxoh. 1.100 Nov. for Sop.
■01 pd. to ex. ii. 100 Ang. for June.
•04 pd. In exo)!. 2,000 May for Alts:.
•05 pd. to exob. 2oo May for June.
•OB pd. to exch. 800 May for June.
Even 103 April for Mar.
•03 pd. to eti'h . 1.500 May for Aug.
•54 pd. to exch, 500 Deo. for Msiv,
•04 pd. to 6 tch. 2.100 May for July.
•4 4 pd toe toll 4,1100 Oet. for May
•03 pd. to exch. 800 Aug. for June
•02 pd. to d e li. 900 May for July.
•05 pd. to exob, 2,000 M <v for July
■ 40 pd. to exeh. 100 Sep-, for Aug,
•38 pd. to exoh. 410 S ml for May.
•03 pd, to exoh. 400 May for Juno.
•01 pd. to oxoh 100 Aug. for Slay.
•02 pd. to exoh. 200 Aug. for July.
•02 pd. to exoh. 700 Aug. for May.
-01 pd, to exch. 1,300 May far July.
•02 p 1. to exalt, 1,000 Stay for July,
Even 1,200 May for Aug,
Even 100 Nov. for Deo.
•01 pd. to exoh. 100 May for Aug.
•04 pd. to exob. 300 May for June.
•03 pd. to exoh. 1,401 Any. for May.
•67 pd. to exeh. l,0K>D-c for May.
•0*2 pd. to exoh. 500 Apr. for June.
-01 pd. to exoh. 1,000.!uly for J’ne.
■ 62pd. to exeh, 100 Nov. for Aug.
•24 pd. to exch. 2.000 Nov. for Sop.
Even 1.700 A uk. for May,
Even 100 May for July.
E u r o p e a n C o t t o n C o n s u m p t io n t o A p r i l 1.—W e have
received to d a y (Friday), by cable Mr. Ellison’s figure? brought
dawn to April 1. W e have also received the revised totals
for last year and give them for comparison. The spinners’
takings in actual bales and pounds have been as follow s:
October 1 to A p r il i.
Orcat B rita in .
C ontin en t.
|
Total.
F o r 1 8 0 5 -9 6 .
Takings by spinners...balsa
Average weight of bales.lbs
Taking* In pounds................
1,853,000
2,211,0004,064,000
500
481
489-7
926,700,000 1,063,49 l.OOOA,990,191,000
F o r 1 8 9 4 -9 5 .
Takings by spinners...bales
Average weight of bales.lbs.
Taking* in pounds.................
4,269,000
2 , a 0,100
1,853,000
490
497-9
508
911,476,000 1,183,849,000 2,115.325,000
According to the above, the average weight o f the deliveries
in Great Britain is 890 pounds per bale this season, against
80S pounds during the same time last season. The Continental
deliveries average 481 pounds against 49 ) pounds last year,
and for the w hole o f Europe the deliveries average 489'7
pounds per bale against 497-0 pounds last season.
Our
dispatch also gives the full m ovem ent for this year and last
year in bales o f 400 pounds,
THE CHRONICLE.
790
[VOL. L X II.
Total balm.
The comparison with last year is made more striking oy
bringing together the above totals and adding the average
weekly consumption up to this time for the tw o years.
N ew Y ork —To Llvernool, per steamer Tanrlo, 3,3G0 upland
and 186 Sea Island.......... ............. ......... ................................ 3,546
To Hull, per steamers Colorado, 2,368__ Naskelyne, 2,665. 5,033
To London, per steamer Hindoo, 48.........................................
48
To MHI!oh ester, per steamer Biela, 300 upland and 134 Sea
1894-95.
1895-96.
Oet. 1 to A p r il 1.
Island..........................................................................................
434
To Havre, per steamer La Touraino. 144 Ssa Island.............
144
Balm of 400 lbs. each,
Conti
Great
Great
Conti
To Bremen, per steamers Halle, 1,389— Saale, 250...........
1,639
Total
Total.
000* omitted.
B ritain nent.
Britatn nent.
727
To Hamburg, per steamer Phoenicia, 727................ .............
To Rotterdam, per steamer Amsterdam, 400. .......................
400
384
16.
343
653,
700
To Antwerp, per steamer Kensington, 700........................ .
58,
Spinners’ stook Oot. 1.
595.
To Baroelona, per steamer Pontiac, 200...... .....................—
200
2,353. 2,959. 5,312,
Takings to April 1 — 2,317, 2,659. 4,976
To Genoa, pe •steamer Werra, 5 in........ ...................................
500
N
ew
O
rleans
—
To
Liverpool,
per
steamers
Barbadian.
150
..
5,676,
2,369,
3,307
Supply......................... 2,375, 3,254, 5,629,
Electrician, 3,000 . . . ...... .............................. .........................
3,150
2,103, 2,522. 4,628,
Oon8Uuipt’D,26 weeks 2,132. 2,600. 4,732
To Havre, per steamer Lyoia, 4,554 — ................................. 4,554
To Antwerp, per steamer Oayo Romano, 1,681......................
1,681
263
1,048,
785
243,
654.
897
Spinners’ stock Apr. 1
To Lisbon, per bark Atttro, 300 .......................... . . . . . . . . .
300
To Naples, per bark Egyptian Prince, 1.233 ... . . . ..........
1,233
Weekly Consumption,
To Barcelona, per steamer Berenguer el Grande, 3,820 . . . . 3,820
00* omitted.
To Genoa, per steamers Berenguer el Grande, 2,649___ _
Egyptian Prinoe. 3,100— Navigation, 3,432.....................
9,181
176,0
182,9
81.0
95,0
100,9
In O otober............. 82,0
G
alveston —To Manchester, per steamer Saturnlna, 6 ,5 1 9
6,519
176.0
95,0
182,0
81,0
100,0
In November..........
82,0
To Hamburg, per steamers Cambria, 200 ...C ity of Glou
176,0
81,0
95,0
182,0
100,0
In Deoember.......... 82,0
cester, r77................................................. . ............... ..........
677
3,925
180.0 Savannah—To Bremen, per steamer Glenooliil, 3,925. .............
81,0
93,0
182,0
100,0
82,0
In January.............
To
Hamburg,
per
steamer
Glenoohll,
5
0
..........................
.
.
50
180.0
99,0
182,0
81,0
100,0
In February...........
82,0
To Norrkoplog. par steamer Gtenveoh, 1,950........................
1,950
99.o
81.0
180.0
82,0
182.0
100,0
In March ............ ..
To St. Petersburg, per steamer Glenveoh, 3 ,6 50 ....
....... 3,650
To Barcelona, per steamer sioilia, 997 ..................................
997
The foregoing shows that the weekly consum ption is now
To Genoa, per steamer SiclUa, 1,97
............... . . . . . ... 1,970
182.000 bales of 400 pounds each, against 181,000 bales o f like Boston—To Liverpool, per steamers Armenian, 4,734 -.Cambromau, 1.061___Catalonia, 1,237 ..Coriathia. 2,328 . . .
weights at the corresponding time last year.
The total
Lancastrian, 1,831....Rom an, 1,705 upland and 100 Sea
spinners’ stocks in Great Britain and on the Continent have
Island...................... ............................................... ................... 12,996
increased 121,000 bales dur ng the m onth and are now
179
To Hull, per steamer Ohio, 179........ .............. . .. . . . . . . . . . .
To Yarmouth, per steamers Boston. 10) ...Yarmouth, 100 .
200
151.000 bales less than at the same date last year.
B altimoee —To Liverpool, per steamer Vedamore, 1 ,9 1 8 ........ 1,918
3,250
To Bremen, per steamer Crefeld, 3,250..................... .......... .
J ute B utts , B agging , & c.—There has been nothing doing
To R djterdam, per steamer Tabaso >, 200 .. . . . . . . . . . . . . . .
200
in ju te bagging during the week under review , but prices Philadelphia
-T o Liverpool, per steamer Wassland, 4o o .......
400
have been fairly well maintained, closing quotations to-night San F rancisco—To Japan, per steamer City of Rio de Janeiro,
950....Coptic, 500.........
1,450
being 3JgO. for 1% lbs., 4J£c. for 2 lbs. and 4%c. for
standard grades. Car-load lots of standard brands are quoted
at 3^gc. for l ^ l b s . , 4J^c. for 2 lbs. and 4J£c. for 24
l lbs,,
f. o. b. at Netv York. Jute butts have been inactive at 1 1 16c.
for paper quality and lj^ c. for m ixing on the spot.
Ex p o r t s
op
C otton G oods
G reat B r it a in . — Below
f ro m
we give the exports o f cotton yarn, goods, & c .. from Great
Britain for the month o f March and since October 1 in
1895-96 and 1894-95, as com piled by us from tne British Board
o f Trade returns. It w ill be noticed that we have reduced
the movement all to pounds.
Y a m d cT h rea d .
C loth .
T o ta l o f A ll.
000* o m itte d .
1895-96 1894-95
L b s.
O otob er.......
N o v e m b e r ...
D e c e m b e r ...
Lbs.
24,878 24,073
23,704 22,934
19.893 21,284
1895-90
Y d s.
442,847
418,837
410,209
1894-95 1895-96 1894-95
Y d s.
L b s.
L b s.
485,569 85,291
448,142 80,607
433,042 79,010
1895-90
L b s.
1894-95
L bs.
91,444
81,390
81,605
110,109
104,431
93,909
115,517
107,330
102,949
08,291 1,271,95311,367,358 244,974 257,505
T o t .ls t quar.
08,635
313,609
325,790
J a n u a r y .......
Febru ary —
M a r c h ...........
22,690 25,052
21,421 21,597
23,949 24,840
84,131 89,590
87,117 77,173
84,990 80,000
106.827
108.538
103,939
114 042
98,770
104,840
T o t. 2d quar.
08,000 71,489 1,332,433| 1,280,880 250,238 240,703
324,304
318,252
T o ta l 6 m os. 130,001 139.780 2,804.386! 2.348.239 501,212 504.208
037,813
044,048
13.020
614
11,923
651.403
050.585
437,480
453,009
441,944
405,104
400,897
415,025
T ota l e x p o r ts o f o o t t o n m a n u fa ctu re s .........
The foregoing shows that there bas been exported from the
United K ingdom during the six months 651,463,000 lbs.
o f manufactured cotton, igainst 656,535,000 lbs. last year, or
a decrease o f 5,122,000 lbs.
A further matter o f interest is the destination of these
exports, and we have therefore prepared the follow ing
statements, Bhowing the amounts taken by the principal
countries during March and since O ctober 1 in each o f the
last three years:
e x p o r t s
o p
p ie c e
M ARCH,
g o o d s
an d
y a r n s
to
p r in c ip a l
c o u n t r ie s
in
AN D F R O M O C T O B E R 1 T O M A R C H 3 1 .
P i e c e G oods— Y a rd s.
(0008 o m itte d .)
M a rch .
1896.
1895.
O ct. 1 to M a r c h 31
1861.
1895-90.
1894-95.
1893-94.
E ast In d ie s ............................... 190,779 100,193 252,091 1,013,825 1,225,782 1,356,159
T u rk ey, E ^ y p ta n d A fr ic a ...
55,025 72.702 59,447 330,718 420,54'i 3(50,322
China and J a p a n ....................... 00.323 53,833 4(5.802 338,531 225.501 250,724
E u rop e (e x c e p t T u r k e y )........ 30.434 20.143 20,083 157.291 134,545 100,010
South A m e r ic a .......................... 47.990 41,149 38,417 352.004 283,535 230,453
N orth A m erica ........................ 25,1^1 30,255 19,020 109,029 173,424 141.812
A ll o th e r c o u n t r ie s ................. 32,202 30.750 30,502 187,228 173,849 165.813
T ota l y a r d s .......................... 441,944 415,025 473,022 2,“ 01,330 2,048,239 2,071.298
T o ta l v a lu e .......................... £4,385 £3,850 £4,593 £25,342 £24,139 £20.330
Y a rn s — L b s.
(000 s o m itte d .)
Holland.. ......................
G erm a n y . . ..............................
O th. E u rop e (e x c e p t T u rk ey)
E ast In d ie s ............................
China an d J a p a u .................
T u rk ey and E ^ yp t..............
A ll o th e r c o u n tr ie s .............
T ota l lbs . ..
T otal value.
2,851
4.184
4,403
4,015
2,492
1,790
1,391
3,020
4,170
4,432
4,235
2,79?
2,003
1,482
3,937
2,182
3.440
3,704
2,007
2,305
1,012
10,921
24,112
25,395
22,588
10.500
9,331
8,040
18,233
22.937
20,965
25,93?
12,567
14,053
9,160
21.7M2 22,741 19,303
£870
£797
£800
122,837
£4.925
129,903
k4.724
21,880
13,^53
19,594
23,135
14,99 L
13.403
5,545
112,501
£4.857
Shippin g N eavs. —The exports o f cotton from the United
States the past week, as per latest mail returns, have reached
77,621 bales. So far as the Southern ports are concerned these
are the same exports reported by telegraph and published in
the C hronicle last Friday. W ith regard to New Y ork we
include the manifests of all vessels cleared up to Thursday.
T otal.......................
77.621
T he p a rticu la rs o f th ese sh ip m en ts, a rra n ged in o u r u s u a l
fo rm , are as fo llo w s .
H u ll,
Bremen Other
Javan
L iv e r - M inch.
it S a m - North South <t Y a rptol. it Lon. Havre, burg. Europe Eurvpe.mouth.
Total.
New Vork. 3,546 5,515
144 2,366 1,100
700 ........ 13,371
N Orleans. 3,150
. . . . 4,554 ........ 1,681 14,534 ........ 23.919
Galveston............... 6,519 ........
677
.................................
7,196
Savannah......................................... 3,975 8,567 ..................... 12,542
Boston. ... 12,996
179 ...............................................
200 13,375
Baltimore.. 1,918 ..................... 3,250
200 .....................
5,368
Philadel’a..
400 .........................................................................
400
San Fran................................................................................ 1,450
1,450
T o ta l.... 22,010 12,213 4,638 10.268 11,518 15,234 1,650 77,621
B elow w e a d d th e clea ra n ces th is w eek o f vessels c a r r y in g
co tto n fro m U n ited States ports, b rin g in g o u r data d o w n t o
the latest dates:
Galveston—To Liverpool—April 18—Steamer Benita, 4,071___Apr 1
22—Steamer Bernard Hall, 5,181.
To Bremen—April 18—Steamer Nnttlel i. 2,922.
New Orleans —To Liverpool—April 18—Steamer American, 1 2,06 0 ....
April 24—Steamer Wanderer, 6,000.
To Bremen—April 20—steamer Iona, 6.892.
To Baroelona—April 20—Steamer Catalina, 6,962.
To Corunna—April 20 -Steamer Catalina, sOo.
To Genoa— April 20—Steamer Catalina, 1,690.
Pensacola—To Liverpool—April 18—Steamer William Cliffs, 2,561.
C harleston—To Baroelona—April 18—Steamer Axmlnster, 5,345.
Port R oyal -T o Liverpool—April 30 -Steamer Pedro. 5,102.
Newport New s —To Liverpool—April 21—Steamer Shenandoah, 1,319.
Boston—To Liverpool—April 16—steamer Norse nan, 480 upland and
536 Sea Island ...A pril 17—Steamer Cephalorii. 834 ...A pril 21
—Steamers Sylvanla, 848; Victorian, 5,307 ...A pril 22 —Steamer
Kansas, 889.
Baltimore - Co Liverpool—April 22—Steamer Sedgemore, 200.
P hiladelphia -T o Liverpool—April 17—Steamer Indiana, 396.
B elow w e g iv e all n ew s re ce iv e d to date o f disasters to
vessels ca rry in g co tto n fr o m U n ited States p orts, & e .:
A x m i m s t e r , steame" (Br), at Charleston, cleared for Barcelona w i t h
5,353 bales of cotton. Fire was discovered, Aoril 19, in t h e
forepeak of the steamer Axmiaster. The compartment on Are
contained about 10 ) bales, aud was Hooded. It is not supposed
the tire h*s reached other compartments.
Lent , steamer (Br.), from Galveston for Manchester, was spoken
April 13, and signalled that she had been obliged to jettison a
portion of her deckload. Her cargo included 7,900 bales of cotton.
N e d e r l a n d , steamer (Br.), at Antwerp, from Pniladeiphia. At t h e
tire on the Qu iy at Antwerp. April 21, 150 Dales of ootton from
steamer Nederland w^re damaged to the extent of 25 per cent.
W i l l o w d e n e . steamer (B r), T i p p e t , from Charleston for St. Peters
burg, with 6.635 Dales of ootton, arrived in the Tyne April 23,
and reported that while at sea a tire broke o u r. in the forehold but
was afterwaids extinguished. Damage unknown.
Cotton freights the past week have been as follow s.
Liverpool, thr*h.cf.
Do
local., d
Havre...............,.c
Dunkirk . .......... e.
Bremen.............. c
Satur.
Mon.
116
116
1i?
*16
116
....
....
251
251
251
....
201
251
20t
22l
221
191
341
532
....
251
Tues.
Wednes. Thurs.
116
...
....
...
201
20t
201
251
....
20t
22t
22t
22t
....
....
19t
34t
°3*3
19t
34t
532
191
3 it
“82
191
341
^32
....
....
....
....
Hamburg ..........c
231
Do
May 9.c. 22ist
19i
Am sterdam.......c.
Reval, v. Harnb.d.
U04
Do v. Hull...(f.
351
Baroelona..........d.
....
29t
G enoa................ d.
Trieste............... d.
532
Antwerp............. d.
6S1
Ghent, v. Antw’p.rf
ISA
t Cents net per 100 lbs.
F r i.
....
271
271
271
271
271
904®532 964®539 964®532 904®5S2 904®532
“04
“64
“04
564
564
7g*
7«4
104
764
7 64
APRIL 25, 1896. j
L i v e r p o o l .— B y c a b le fro m L iv e rp o o l w e h a v j th e fo llo w in g
s ta te m e n t o f th e w e e k ’s sa les, s to c k s, & o ., a t t h a t p ort.
A p r . 3.
S»le« of the week......... bales.
O f which exporters took ...
Of which speculators to o k ..
39.0 00
Sales A m e r ic a n ..........................
A p r . 10.
1,000
3 0 .0 0 0
5 00
3 8 .0 0 0
8 7,W O
A p r . 17
A p r. 24
47.0 00
8 00
5 3 .0 0 0
1,700
800
41,0 00 :
4 7 .0 0 0
S.000.
3 ,0 0 0
6 7 .0 0 0
6 1 .0 0 0
1 ,157,000 1 ,1 6 1,00 0
9 8 3 .0 0 0 9 8 3 ,0 0 0
100
5 ,0 0 0
9 ,0 0 0
Aetaal export............................
61.0 00
4 8 .0 0 0
PorwardeA................................
Total stock—Estim ated............ 1,121,000 1,1 1 6,00 0
Of whioh American—Ea tin.'c 9 6 1 ,0 0 0 9 7 6 .0 0 0
7 3 .0 0 0
6 3 .0 0 0
Total Import o f the w eek___
54.0 00
6 1 .0 0 0
Of whioh Am erican.............
156
.00 0
i64,oco;
Amount afloat................—. ..
140 .00 0
14 5 ,0 0 0
Of whioh Am erican........... .
86.000
68,000
7 2 .0 0 0
1 1 9 .00 0
0 8 .0 0 0
6 3 .0 0 0
9 5 .0 0 0
7 5 .0 0 0
T h e to n e o f th e L iv e rp o o l m a rk e t f o r sp o ts a n d fu tu r e s e a c h
d a y o f th e w e e k e n d in g A p ril 24 a n d t h e d a ily c lo s in g p ric e s
o f sp o t c o tto n , h a v e b e e n a s fo llo w s.
Spat.
791
THE CHRONICLE.
S a tu rd a y M on day,
g o v e rn e d e n tir e ly b y th ose o f w h e a t, d e c lin in g e a rlie r in
th e w e e k , b u t th ere w a s a fra c tio n a l im p ro v em en t on so m e
b u y in g b y “ sh orts” to c o v e r c o n tra c ts. I n th e sp o t m a rk e t
sh ip p ers h a v e been f a ir l y a c tiv e b u y e rs and prices h a v e
h eld ste a d y .
Y e s te r d a y th e sales in clu d e d No. 2 m ix e d , de
liv e r y e a r ly in M ay , a t l f | 0 2 c . o v e r M a y f. o. b. a flo at;
ste a m e r
m ix e d
at
39c.
in
e le v a to r :
No. 3 m ix e d
a t 3oc. f. o. b. a flo a t a n d N o . 2 w h ite a t 40c. in e lev a to r.
T o -d ay th e m a rk e t w a s q u ie t, b u t th e close w a s fr a c tio n a lly
h ig h e r in s y m p a t h y w it h w h eat.
I n th e sp o t m a rk e t a
lim ite d a m o u n t o f busin ess w a s tra n sa c te d a t ste a d y prices.
T h e sales in clu d e d No. 2 m ix e d a t 8 7 } £ @ 3 8 c . in elevator;’ No. 2
y e llo w at 40c. d e liv e re d a n d N o. 2 w h ite a t 49Mo. in e le v a to r .
D A .lt .V C E .O S l.3 G P R I C E S O P 8 0 .
A p r il d e l i v e r y ........
M ay d e l iv e r y ........ ..
J u ly d e liv e r y ............. . . «.Oi
S e p te m b e r d e liv e r y .
Sat.
37
36%
37%
38%
M on.
36%
36%
37%
38%
Z M IX E D
OOBK.
Wed.
36%
351*8
36%
37%
T uts.
36
3 5%
36-%
3 7%
Thurs
3 6%
35%
363a
38
m .
36%
36%
36%
38
T u etday. Wed-day. Tlm rsd’ y . F rid a y
O a ts fo r fu tu r e d e liv e r y h a v e been q u ie t, and e a r ly in th e
w e e k p rice s d e c lin e d in s y m p a th y w ith th e b rea k in w h e a t
Harden’g.
Firm.
Easier.
Quieter.
a n d co rn , b u t s u b s e q u e n tly re p o rts o f an a c tiv e e x p o rt d e
m an d cau sed som e r e c o v e r y . In th e sp o t m a rk e t sh ip p ers
4%
h a v e been la rg e b u y e rs, th eir p u rch ases fo r th e w e e k a m o u n t
4%
4%
4 H ,h
Mld-TJpl’ d s
4%
411%*
in g to 550,000 b u sh e ls, p rin c ip a lly w h ite c lip p ed . T h e sales
3 ,0 0 0
1 0 ,0 0 0
1 0 ,0 0 0
8 ,0 0 0
8 ,0 0 0
Bales..........‘ 7 ,0 0 0
y e s te rd a y in flu le d No. 2 m ix e d a t 2>l4e, in e le v a to r, No. 2
500
.0 0
.,0 0
500
S pec. A e x p
500
500
w h ite a t 2 6 i n e le v a to r , and w h ite c lip p ed , p a rt M a y lo a d
P u tu rn . j
in g , a t 2 8 Jj@ 2 SJ.4 C. f.o .b . a flo a t. T o -d a v th e m a rk e t w as
Quiet at Steady at Steady at Steady at
q u ie t a n d u n c h a n g e d . T h e s o o t m a rk e t w a s f a ir ly a c tiv e a n d
u m ad
t-fti ad
Steady,
MurtUkifjr partially
vance.
vance.
i-*4 da©- l 81 dee*
-to a d y . T h e sales in c lu d e d No. 3 m ix e d a t 351 je . in e le v a to r,
N o. 3 w h ite a t 26Jjc. in e le v a to r a n d w h ite clip p e d a t 23'^c.
Rarely
Steady.
Quiet.
Steady.
f.o .b . a flo a t.
steady.
A
4
(
0a'« DAILT CLOSING FBIOSS OP NO. 2 MIXED OATS.
T h e p ric e s o f fu tu r e s a t L iv e rp o o l f o r e a c h d a y a re g iv e n
*
dal.
Won.
T uts
Wed. T h u n .
fV i.
b e lo w . P rice s a re on th e ba sis o f U p lan d s, L i w M id d lin g May delivery................0. 25
24%
24%
24%
24%
24%
July delivery................o. 25
24%
24%
24%
34%
24%
o lau se, u nless o th e rw ise stated .
B a rle y a n d r y e h a v e been in f a ir ly go o d d em an d a t s te a d y
ftW* Tk* prier-f a r t q i , m l a n o i r e a n d 0U A ,
T h a t: 3 63 m ea n t
3 83-6 1 d .. a n d 4 01 m ea n t 4 1-6 M .
prices.
The d em a n d fo r the fe e d in g g r v t e s o f b a rle y ha* been f a ir ly
Sat n r .
.t lo n .
T u e«.
F r l.
W ed, T h a r * .
a c tiv e a t f u ll v a lu e s .
A p r il 16 to
FLOCK
A p r il 2d. 12% 1 t :4 5 4 1:45 4 k ;4 5 4 1 :45 4 J l:4 5 4
Fine..................f bbl, f t 7 5 a 2 15 Patent, w inter...........$3 7 5 9 * 4 00
P. M, P, M. P. He P. H P.M. 1*. St. P. M. P-M. P. M. P. M.|P. If.jp. k
aaperftne.................... I 809 2 35 City mule e xtra s__
4 15
Extra, No. 2 ....... . . . 2 3 0 9 2 05 i Rye flour, superfine.. 2 4 5 9 2 90
cl. d.
d.
<1. d.
d.
d.
<I.
</. : d.
tl,
d.
Extra,
No.
1
...............
2
5
0
*
3
00
Buckwheat
lionr
.
.
.
__
April------- 4 19 4 lii 4 18 » 17 4 17 4 18 4 18 4 19 4 2 0 4 Ifi I 10 1 19
Oorn meal—
A pril.M ay. 4 19 t is i 17 4 16 4 16 4 1 7 4 1 9 4 14 4 2 0 1 111 418 t 19 C le a r*........................ 2 6 5 9 3 to
Straight*.............
.
3
309
3
75
West*,ru,
.to...........
2
10
9 2 15
May-June.. 4 18 4 17 4 1 6 4 1 3 l I S 4 1 6 4 1 7 i 17 i V.) 4 18 1 1 7 4 1 8
sprint?.......... 3 509 3 05
Brandywine..............
2 20
Jun e-July.. 4 16 t 15 414 4 13 l 13 l 14 4 15 l IS 4 17 1 16 1 15 1 1 0 Patent,
(Wheat
Hour
In
sacks
aelis
at
prices
below
those
for
barrets.t
4 13 4 14 4 1.3 4 IB 4 12 4 IS 1 14 4 14 4 16 4 13 - t i l t 15
inly-AOfcGRAIN.
A»g.-3«pt... 4 11.4 10 4 0 8 4 0 8 4 0 0 * 0 9 4 11 4 1 1 4 12 111 1 11 412
4 0 1 4 0 0 4 0 1 4 til i 0 2 4 0 3 4 0 1 4 03 4 0 3 1 0 4
8 ep t-O et...
Wheat—
e.
A
i Oorn, per bush—
o.
o
O c t >’«v . . 8 61(3 6 0 3 .*>9 3 58 3 30 3 59 3 61 3 »1 3 6 3 3 62, 3 01 3 0 2
Sprint?, per bush.. 7 t o
78
West'n m ixed.......... 37% * 40
N ov.-D ee... 3 58 3 59 3 57 3 '.6 3 37 3 57 3 59 3 5". 3 61 :s On 3 3 9 3 6 0
Red winter No. 2 .. 79% » 82% No. 2 mixed............ 38 9 30%
Dec.-Jan .. a 58 3 30 3 37 3 50 3 57 3 57 3 SO 3 m It 61 .1 6 9 i 5 0 3 00
Red winter............ 78 * 8 1
Western yctlow ..
38 » 40
Jfan-.Feb .. 3 58 3 39 3 37 3 56 3 57 3 57 3 59 3 6 0 3 61 3 01 5 6 0 3 80
White . . . . . . ....... . . . . »
...
Western W hite.. . 40 a
42
Fob-March,.
Oats—M ixed,perbu. 32%w 26% R y e Western, per bush........... » 46
W h ite .................... 21% 9 24
No. 2 mixed. ....... •-••%* 26%
State and Jersey............. 9
....
Wo. 2 white............ 26% 9 27% Barl.-V—Western—
39 9 45
8 R E A D S T U F F S .
Feodlnv.................. 37% 9 33%
Market, ) : H ard en',
1:45 P. M-J tendsnej. Steady.
F r i d a y . A p ril 24. 1806.
The m a rk e t fo r w h e a t f l i u r h as been , pra O tica U j sp e a k in g ,
a t a sta n d still. B u y e rs h a v e been v e r y in d iffe re n t op erato rs,
r e fu s in g to trad e u n less g r a n te d c o n ce ssio n s in coruw 'jn e n c e
o f a d e c lin e in w h e a t valu es. A * a ro le , h o w e v e r, m ills h a v e
h eld ste a d y a t o ld p rices, a n d th e a m o u n t o f business# tr a n s
a cte d has been e x c e p tio n a lly sm a ll. A lim ite d a m o u n t o f sa le s
h as been m a d e o f c ity m ills, b u t a t easier prices.
R y e flou r
has been q u ie t bu t ste a d y .
T h e dem an d fo r co rn m eal
has been v e r y lim ited , b u t p rices h a v e b r ill ste a d y .
To
d a y the m a rk e t fo r w h e a t flou r w a s q u ie t b u t ste a d y .
T h e jip ecu lative d e a lin g s in th e m a rk e t fo r w h ea t fu tu re s
w e re f a ir l y a c tiv e e a r ly in th e w e e k , a n d p rices b ro k e r a ta e r
sh a rp ly u n d er fre e liq u id a tin g sales b y “ lo n g s," prom pted
b y the im p roved c ro p p ro spects, o w in g to th e b e tter w e a th e r
c o n d itio n s. Y e s te r d a y , h o w e v e r, then* w a s a s lig h t ra lly from
b o ttom prle»» on som e b u y in g b y “ s h o r ts " to c o v e r con
tra c ts, stim u lated by rep orts o f ie si fa v o ra b le w e a th e r c o n
d itio n s fo r th e n e x t c ro p io th e N o rth w e st and in response to
stro n g er fo reign a d v ic e s, a cc o m p a n ie d b y b u y in g orders. I a
th e sp o t m a rk e t sh ip p e rs h a v e been m ore a c tiv e b u y e rs a t a
d e c lin e in prices, bu t y e s te rd a y th e re w as an im p ro v e
m e n t w h ich
checked ’ husines*
No.
i
hard
w as
qu o ted to
a rriv e , la k e
and
r t il
sh ip m e n t, a t 3 % e.
over
M ay. f. o. t>, a flo a t, a n d N o. 1 N o rth e rn a t
2}^c, o v e r M ay.
To d a y th e m a rk e t w a s e a sier d u rin g
e a r l y ’C i a n g e u n d er li p iid a tio g s t ie s b y “ lo n g s ," p ro m p ted
b y m ore fa v o ra b le cro p accou n %, bu t su b se q u e n tly u n fa v o r
a b le c ro p ad vice s w e re re ceiv ed fro m tb s S o u th wear, w h ic h
stim u la te d a d em an d fro m "sh o rt;," to c o v e r co n tra c ts and
p rices a d v a n ce d . T h e -p o t m a rk e t w a s q u ie t b u t ste a d y . T h e
sales m ade w e re for f o r w t r d lo a d in g a n d th e term * w e re n ot
m a d e p u b lic.
d a il t c l o s in g
A p r i i d e t i v e r r ...........
M»>- d eliver?............
J a n e d e liv e ry
J u ly d e liv e r ? .
_____
September dell se n .
e s ic K s o v
Bal.
75
7 3%
72 H
*«* 7 2%
. 0 . 72%
74%
,e.
w o. 2 aari w in t k r w h isa t
Mon.
Tnen.
Wtd. Thura
73%
73%
71%
70%
72%
71%
70S
72
7u%
71%
72
7! %
7 0%
70%
7 0%
72%
70%
71k
7 3%
72%
72%
72%
Fri.
71%
71%
71-^
71%
71%
73%
December delivery.
A lim ited a m o u n t o f in terest has been sh o w n in th e m a rk e t
fo r In d ian corn fu tu re s, b u t th e cou rse o f p rices has been
T h e m o v e m e n t o f brea d stu ff* to m a r k e t as in d ic a te d in th e
statem en ts b e lo w is fu rn is h e d to us b y th e S ta tis tic ia n o f th e
N ew Y o r k P ro d u c e E x c h a n g e . W e ttrat g iv e th e re c e ip ts a t
W estern la k e a n d r iv e r porta, a rra n g e d so a s to p resen t th e
com parative* m o v e m e n t fo r th e w e e k e n d in g A p r il 18, 1396,
and sin c e A u g u s t 1. fo r e a c h o f th e la s t th r e e re a r s :
lUeeipn At—
Chicago........
Milwaukee..
D uluth. . . . . .
Minneapolis.
T o le d o ...,.,.
D etroit.......
Cleveland..,
Si. L e a ls.,...
P eoria .,. ..
KrnimmCtty..
Tot.flrk.’90.
4 am® wk,95.
Sam© * k ,'9 i.
Since Any. 1,
im * - m . . ..
WH-96 . . ..
Oorn.
Wheat,
Flmu.
0 a( a.
Barley.
By
BbUAWtb* Bu*h.mib* Bmb Mlb* Btuh,m lb* BuahASl B u m lb-.
•91,247
186,503
10,090
695.208 1,26 >.410
31.450
122,550
127,000
08,200
8,400
10&3SQ
16,022
46.03S
67,692
3,100
■m,mi
m
30.990,
127.000
...
3,011
.
.
.
.
.
i.oesrs«o
22, ICO
1,2 K)
m
31,000
1,400
1.050
11,852
IS,711
18,646
7,500
em
17,057
40,615
17,86*1
21.720
211,800
154,00)
H.250
124&W
1,512
410,700
5,230
1S2.850
1 MOO
35,0)0
1 ,2 )0
me.
2i,m
250,335
1739**7
2994B
i .m .m t
1 121,6*3
1,760,329
1,517,026
804M *
1,858*730
i 910,801
1,719,082
1.015,704
358,148
200,08^)
200,708
32,392
28,208
40,4(57
tOO 170,lWl.»Ot 91.807,351 109,292,505 34.490.810 3,186.105
6,935.620 125,655.517 59,424,255 07,731539 29,783,024 3,131,760
9t6:tS.13f iB U m .tm 123,215.091 01,044500 S7.SW.H45 2.970.637
T h e re c e ip ts o f flou r a n d g r a in a t tn a se a b o ard ports foi th e
w eek end ed A p ril 18, 1896. fo llo w :
Receipt* a t New York... . . . . . . .
Boston.,..............
Montreal. . . . . . . . . . .
Philadelphia . . . . . . .
68.6 *0
35.110
25,66*5
37.434
Haiti m ore.,. . . . . . . . .
6 I ,CS%
Richmond.,, ..........
New Orleans . . . . . . .
2 ,m i
0,949
Total week, ... 328,088
Week 1-695...... ... 229.M7
iVhtM,
h*uh.
Oorn,
bmh.
MU,
bmh.
B a r le y
bulk.
12.613
213.625 776,2 0
1H 533 3 4,131
155.332
13,852
V>?3
39.657
7,557
26.2*6 151,-i 18
3.529 250,657 134*703
18,710
11*824
10.294
............................ 57.01827,125
202,3 »0
3,070
M,9B&
r>H.«n l.20i.ili
444.310
491*36 i
211,572
35,350
640,713
Hue,
nttn.
70)
28.000
............
10*538
T h e to ta l re ceip ts a t porta n a m ed in la s t ta b le fr o m J a n , 1
to A p ril 18 co m p a re a s fo llo w s fo r fo u r y e a rs :
».032*7'«S
1895.
4,7 m .584
1894.
5,792.213
1891
5,278,203
W h e a t .,..........bash. 4,039,1 f 4
C orn . . . . . . . . . . . . . ** 21.831.S3 4
13,485,39 J
Oat* .
”
B arley ..............
«
2.fVW3,51 (
ye... . . . . . . . .
370,716
5.632,980
8.42L645
0.422*281
1,394,0:44
128,000
4.579,321
23.2 45.462
10.171,311
1,049,135
84,690
0,792,770
14,909,699
10.811,763
2,300,004
222.187
Total m a i n .......... t a .* 3 i.s »
24,899,410
39,719,909
36,016,379
RecetpU of—
P o o r . ...... . ...bblsu
THE CHRONICLE.
792
The exports from the several seaboard ports for the week
ending April 18, 1896, aresh ow a in the annexed statement
P eas
ftye,
Oats,
Wheat.
Corn,
Flour,
16,OOG
16,000
3,691
bush.
7,823
459,171
372,398
90,000
60,000
40,266
85,675
1.104
"*40,000
G reat B ritain ....................
O ther E u r o p e a n .................
China .....................................
In d ia ..................................... .
“ ‘ ‘ 200
A t r l o a ................... ...............
Total w eek........ .. 522.618 1,108,740
ame tim e 1895. . 1,4 06,560
884,738
.. ...
10,000
120,000
235,315
251,028
532,792
2,490
1895.
ITeelc. S ince J a n . 1.
hush.
260,430
106,162
bush.
1 89 6 .
A p r i l 20.
hhls.
87,047
33,255
bush.
.. 297.683
B oston... ... .. . . . .. 180,244
.......
.. ........
to
bush.
30,015
24,168
26,823
Exports from —
Philadelphia. . . . . .
Baltimore.... .. ... ..
New Orleans .. ...
Norfolk ......... .
Newport Nows ... ..
Galveston.............
N sw Y o rk
[VOL. LXII.
107
5
6 00
__
....
A r a b ia ........................................
The destination o f these exports for the week and since
Sept. 1,1895, is as U low . W e add the totals for the corres
ponding periods of last year for comparison:
r*---- —Corn.--------iFfteat.—Flour.— -----,
1 ,7 0 7
1 ,0 7 2
10 1
1 0 ,9 7 9
2 ,6 6 8
___
971
2 ,8 6 0
14.006
1 ,1 1 8
62
332
143
283
668
40
6 ,4 2 4
2 ,6 9 5
5 ,7 8 3
1,0683 ,2 8 5
1 7 ,3 3 2
1 ,9 3 1
vtexleo ............................ .....
C entral A m e r io a .................
South A m e r i o a .. ...............
Dtiier C o u n trie s.................
T o t a l.......................... ..
C hina, v ia V a n c o u v e r '.
2 ,5 2 9
2 ,1 4 5
6 4 ,8 6 6
13,3 07
1 ,830
--- --
54,94,5
6 ,4 5 0
4 ,6 7 4
7 8 ,1 7 3
1 ,830
6 1 ,3 9 5
T otal..
Week Since Sept.
Q Bx-ports for
Since Sept.
Week Since Sept. Week
Apr. 18.
1,1805.
Apr. IS, 1, 1895.
week and since Apr. 18. 1, 1895.
bush.
bush.
bush.
tmsh.
Sept. 1 to—
bbls.
bbh.
445,622 34,826,029
893,716 19,515,565
United Kingdom 135,168 5,162,678
7,383.095 500,955 26,983,448
12a, 902
815,211
C ontinent.......... 20,017
494,056
48,273
13,506
936,010
8 . & C. America
53,4i2
500.862
767,623
10,259
3,500
West Indies— .. 15,299
335,591
8,235
3,600
233,001
Brit. N. A. Cos’s. 10,008
530,202
406
712,205
77,051
Other countries..
151
Since Ja n ,
130
71
943
148
118
2 50
284
66
West I n d i e s .............................
23,239
20,217
678
1 ,2 1 7
2 1,722
2 ,4 5 0
5 ,5 7 4
5 ,3 2 5
fYee*
3 ,9 4 5
■ P ro m N e w E n g la n d m ill p o in ts d ire ct.
The value o f the New Y ork exports for the year baa
been $2,988,784 in 1896 against $2,463,507 in 1895.
There has been an increase in the number o f fair-sized
transactions in brown sheetings and drills, but the general de
T o t a l.....
... 235,315 s,29i~7io" 522,618 27,6U,m 1,103,740 63,684"l88 mand is still for lots of limited volume only. E coort business
881,728 14,753,258
Total 1804-95, ... 251,023 8,131,515 1,106,560 32,140,611
The visible supply o f grain, com prising the stocks In granary has shown some improvement. Prices continue irregular, but
at the principal points of accum ulation at lake and seaboar d with more steadiness on bottom ranges. Cutters have bought
ports, April 18, 1896, was as follow s:
denims and ticks more freely iu sm ill quintities at previous
Barley
OaU
Bye,
Wheat,
Oorn,
prices. Other coarse colored cottons dull and irregular. The
bush.
bush.
bush.
bush.
bush.
In store at—
14,000
7,000 demand for bleached shirtings is still dull from both jobbers
1,488,000
New Y ork ...... ... ..
468,000
43,000
8.000
Do
a floa t......
and
the manufacturing trades. Prices are easy and in som e
50.000
20,000
A lbany......................
Cotton flannels
25,000
149,000
i 14,000 quarters further reductions are looked for.
872,000
Do
afloat.......
are in fair demand for fall, as are cotton blankets. K id447.00'1,937,000
22,000
5,942.000
Chicago .. .. ............. .18,474.000
467,000
25,000
finished cambrics inactive and easy to buy, W hite goods in
2,507,000
Do
afloa t....... . 430,000
277,000
33,000 somewhat better request. Printed white goods and other
17,000
Milwaukee. . . . . . . . . . . . 897,000
Do
afloa t.. ..
53,000
226,000
498,000 printed wash fabrics have sold fairiy w ell at generally steady
1,189,000
D uluth. . . . . . . .......... .14,547.000
145,000
........
Do
a floa t.. .. . 512,000
prices. Fancy calicoes quiet and irregular, as are other regu
580,000
69,000
123,000
T o le d o ....
. . . . . . . 527,000
Do
afloat,*... ..
lar prints. There is no business o f any m om ent passing in
........
3,000
.
227,000
4,000
13,000
IS.066
D etroit........ .
ginghams. Business at Fall River has shown extras steady at
Do
afloat... ..
25,000 2l^c. and odds rather firmer. Some sales reported in outside
594,000
462,000
3,000
St- L o u i s ............. . 1,137.000
markets in the former at a slight decline from 2J^c,
24,000
Do
afloat.—
106,000
10,000
Cincinnati........... ...
86,000
—
B o sto n ........ .
29,000
T o r o n to ..................
M on treal...... — ... . 9 '2,000
P hiladelph ia,.,,....... . 104,000
11,000
Peoria, —
, 104,000
Indianapolis
Kansas C it y .,,,,,.,, . 1,157,000
89,000
B a ltim o r e ...,.,,,.,,
M inn eap olis......... .18,906,000
On Mississippi River.................
On L a kes..,............. . 1,339,000
On canal and river.
Total
Total
Total
Total
Total
Apr. 18,1896.58,483,000
JLpr. 11,1896.59,380,000
Apr. 20.1895.68,626,000
Apr. 21,1894.68.425,000
Apr, 22,1893 74.871,000
THE
DRY
2,000
21,000
37,000
98,000
103,000
434,000
loS .000
252,000
.. ---r- t t ‘
61,000
22,000
75,000
60,000
17,000
7.000
176,000
015,000
4L000
703.000
5,462,000
1,677,000
8,000
12,000
17,170,000
10.846,000
11,529,000
14,506,000
12,329,000
9,483,000
9,341,000
6 ,2 12,000
2,665,000
3.852.000
210,000
732.000
8,000
GOODS
1,000
34,000
6,000
48,00 )
63,000
2,000
r
28,000
61,000
118,000
173,000
25,000
17,000
1,518,000
1,509,000
167,000
371,000
787,000
1,037,000
1,099,000
511,000
300,000
759,000
TRADE.
Ne w Y o r k , F r id a y . P, ML, April 24, 1896,
The good effects of the favorable change in the weather
conditions have been more noticeable this week, as the exten"
sive business done by retailers has called for supplementary
supplies o f fair volum e from jobbers, who in turn have re
sorted with somewhat more freedom to the prim ary markets.
The influence of this over general sentiment h is been appar
ent, and there has been a more cheerful undertone this week
than for some time past. Even in staple cotton goods this
has been evident and a considerable business has been pud
through with some large buyers at prices which up to this
week they had refused to pay for quantities. The market is
not dearer, but it is steadier at bottom lim its. In some
directions stocks hava been m iter! illy reduced in first hands,
whilst reports indicate jobbers a3 a rule carrying unusually
small supplies, The woolen goods depart neats continue dull
in men’s-wear fabrics, but in the dress goods divisions fair
orders are being pi aced for fall.
Dress goods have had the best of buyers’
attention in this division of the market during the past week.
Domestic manufacturers are recording fair orders for the gen
eral run of fancy lines, with a noticeable preference for rough
faced effects. In staple varieties business has been indiffer
ent outside of serges and suitings. For men’s-wear fabrics
the demand continues dull throughout and mostly for goods
running from SI 25 downward. There has been no alteration
in the general price situation, curtailed produ ctioi c o n
tributing towards steadiness eveain face of alow b.uuness.
The demand for overcoatings does not im prove, but cloakings
are still in fair request. Flannels are inactive but agents are
nearly ready for new season business. Blankets quietly
steady.
W
oolen
G
o o d s ,—
1 89 6 .
A p r . 1 8.
2 4 7 ,0 0 0
7 9 1 ,0 0 0
5 8 3 ,0 0 0
1895.
A p r. 20.
1 1 9 ,0 0 0
2 7,000
1 1 3 ,0 0 0
T o t a l s t o c k ( p i e o e s K ... 1 ,6 2 1 ,0 0 0
2 5 9 ,0 0 0
Stock o f P r in t O lothe—
At; P ro v id e n ce , 6 4 s q u a r e s .
A t P a ll R iv e r, 6 4 s q u a r e s ..
At P a ll R iv e r , o d d s iz e s___
18w4.
1893.
A p r . 2 1. A p r . 2 2
2 1 9 ,0 0 0
6 8 ,0 0 0
3 4 0 ,0 0 0 /
,,
8 1 ,0 0 0 ?
6 4 0 ,0 0 0
1 2 0 ,0 0 0
business in seasonable
lines at cut prices has made considerable progress this week
with the help o f good weather, The demand for fall goods
has been of about an average character, bat orders taken up
to date for dress goods, silks and hosiery and underwear are
short o f those booked up to corresponding date last year.
I m p o r t a t i o n s a n d W a r e h o u s e W W i d r a w a U o f D rr U aod>
The importations and warehouse withdrawals o f dry g o o fs
at this port for the week ending April 28, 1896, and since
January 1, 1896, and for the corresponding periods o f last
year are as follow s:
F o r e ig n D
a
B
ry
G
o o d s . —Oleaning-up
|sg5^ f
» •
b;
®•
0 ;
0
l &
3
:
tO
MOT
CtO
CO -4
fcOO>M<l<I
© Ci<IMf*©OToVtC
Ox O 00
Or <1
W W O Q^_
P-
COCO
y'OKOOCHO
V
oV mm
GO M O to to
r - 0 0 GO tE*- tO
£-00
Vco
&
HI
O
^
®
<rh
g
|
v-‘_v-’CO
M
M
or
CO
to
Oi
>-*
<0
Ox
W
to
CO
0
CO
CJI
CJI
CO
COt f iV a D H
Ch h OH-H
Oi
© CO
© V obb
CO
OH
Iks Qi -4 to to
COOT
toco
o ic d
O coco
Oi
M
*-*
to to M COO
K>-* to -0 o
CO CO CO © Oi
to
cnoi
<1 -4 I
o D C -lo t
a CO t o CD CO
to <1 O otgl
Cl Cl
>pa I Olf* I
CD I <1 -- jfaCJUOXO
VMGOtob
CO rf*. tO 10 OX
CO GO CO CO 00
Domestic C o t t o n G oods—The exp irts of cotton good a © C IO
Orto COO -*
from this p >rt for the week ending April 20 were 2,529 bCO Ii too
DtOCJi
MOO **■00C
oo ci #*•OOM tOO
packages, valued at $119,750, thrir dsstination being to the bcji cob
b b COco co
0
0
O
O
0Oto
co
oo
points specified in the tables below:
*—
•o CJii—
1-0
>-* i <j
CO
CO
1-0
M
Oi
CD
O
t-*
B ^
>d ^
c+ ®
M
O M
5 ;
.
r
•
0
0 ;
« ■
.
S
■
W H H W 'J l
Or GO
GO >-*
M GO CD - * tO
P
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tO <3
to co
M -O
COOT
o co
1—■
tO CO CD CO CO
© p . O i CD CD
O L - 1 - ' CD
to
00 t o C i
CD OI ^ CD <1
1^
eo>fv
i-i m
t-i
^ If^ C O C D ©
If^CO
OC-JI
‘- ‘ t o
M 0 o b < |< 1
<1 CJI M H4 >-4
© Ja. C O © ©
0
to
COGOOOOi
£* CDMOOCO
tO C O -J tO M
t o CO <1 b r CO
<1 O ' GO O <1
CD t o Ji t o - 1
CD*0
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b < !M tO lf^
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bobber
to oo co c o o
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to © - 0 ^
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:
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OOTOlHCO
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GO
THE CHRONICLE.
A pril 3"), 1896.]
793
B u rlin gton , V t — Bond Offering,— Bids will be received
until April 28, 1896, at 10 a ii. by City Treasurer L. C. Grant,
for the purchase o f Burlington City school bonds to the
amount o f $25,000. The loan will be dated October 1, 1895,
TERM S OF S U B S C R IP T IO N .
interest at tire rate o f 4 per cent per annum will be payable
semi-annually on April 1 and October 1, and the principal
T he I nvestors ’ S upplem ent will be furnished will mature October 1, 1915. The securities w ill be ready for
without extra charge to every annual subscriber of the delivery on May 1. The f allowing statement is made in con
nection with the notice o f this loan over the signatures o f the
C O M 5 IE K C IA L A M D F I N A N C I A L C H R O N IC L E .
Mayor and City Treasurer. The steady progress of Burlington,
as indicated by increase o f population, increase o f grand list,
T he State a n d Cit y S upplem ent will also be fur and increase o f buildings, both for houses and for business
nished without extra charge to every subscriber of the purposes, is very marked. Important public business and
m anufacturing buildings are under w ay or projected for im
C h r on icle .
mediate erection, and it is believed m ore houses will be built
T hk S treet R a il w a y S upplement will likewise this season than ever before in one year.
S tate
and
O jty D m i m / r m ,
be furnished without extra charge to every subscriber
of the C h r o n ic le .
T
he
Camden, V. J .— Bonds A uthorized.— It is reported that
bonds o f this city to t he am ount o f $15,000 have been voted,
Canton, O h io.—Bonds Authorized.—School bonds to the
Q uotation S upplement , issued monthly, will amount o f §40,000 have been authorized.
also be fam ished without extra charge to every sub
C incin nati, 0 . —Bonds Authorized —The Ohio Legislature
has authorized Cincinnati to issue water bonds for $6,300,000.
scriber of the C h r o n ic le .
The proposition w ill be submitted to a vote o f the people.
TERM S for the C hronicle with the four Supple
Cole County, Ho.— Bond Offering -P roposal-! w ill be re
ments above named are Ten ollars within the United ceived until 3 o 'c lo c k !’ . m „ May 19, 1896, by Victor Zuber,
County Treasurer, for the purchase of $00,000 o f registered
States and Twelve Dollars i i Enrope, which in both court-house bonds. The securities will be date i June 1,1896,
will hear interest at the rate o f 4 per cen r, pvva&Is s itnicases includes postage.
Terms of Advertising— Per lt>cu space.)
One tim e ............................... <3 30! Tar Month* (13 «n»M>,.935 00
(4 tim e*).. 110 0 Six oaths
(JOtim es).. A3 00
........ 58 00
(8 time*).. IS 00 i Twelve Month*(52
(fa s above term* for one month anil upward are for standing oaril*.
'>r>* Month
t w o Monti!*
STATE
AND
CITY
INDEX.
annually on June 1 and December ! at the office o f the
County Treasurer, and the principal will mature in 2 ) years,
with an op*«m o f call after 10 years, The bonds will be
delivered June t, 1896. or on the day o f sale.
The county's total indebtedness, including this issue, is
$117,500. The assessed valuation in 1895
$5,334251; real
valuation. $15,000,000; State and county tax (per §1,000),
§9 00. The population, according to local figures, is 31,000.
C ollege P oin t. N. Y.—Bonds Authorized.— Bonds o f this
fn this number of the C h r o n i c l e we publish an village will he i-?utd to refund §11,0(0 o f water bonds matur
index to all news item ’ p rin te d in this Department ing July 1, 1890.
Colum bus, 0 .—Bonds Propound.— It is reported that a bill
since the issuance of onr last State a n d City S upple
providing for city water-works binds to the amount of
m e n t , April 11, 1896.
In all cases when t i e item in §150.000 lias been introduced in the Legislature.
cludes later figures of debt, assessed valuation, A c.,
Dayton. O hio.— Bonds A uthorized.—Building bonds to the
full-face types are used for the reference. Items pub amount o f floO.OOO have been authorized by the Council.
Denver. Colo —Bond Call —E F. Arthur, City Treasurer
lished in to-daj's C hronicle are not included in the
gives notice that bonds of Larimer Street Paving District No*
index. This index will be published the last Saturday 1. numbered from 1 to 4, both inclusive, for $300 each; bonds
of Nineteenth street Paving District No. 2, numbered from
of each month.
1 to 10 both inclusive, for $500 each: bonds o f Capitol Hill
Sanitaiy Hewer District No. 1, numbered from 1 to 10 both
inclusive, for $500 each; bonds o f Southsido Sanitary Sewer
District No. 1, numbered from 1 to 24 both inclusive, for §309
each; bonds o f Larimer Street Paving District No. 2, num
bered from 11 to 46 both inclusive, for §500 each, and bonds
o f Nineteenth Street Paving District No. 1, numbered from t
to 14 both So> luaive, for $800 each, will be paid April 30,1890,
on which date interest will cease.
B altim ore, M i.—The Com mittee on W ays and Means of
the Baltimore Common Council has decided to recommend
the provision o f 17*4 <WBl» in the tax rate for the sinking fund.
Last year U l j cents was provided. The general sinking fund
now amounts to about $1,500,000, and o f the city ’s outstand
ing loans, which number twenty or twenty-five, eight have
Fall River, Has*. —Bond Offering.— Proposals will be re
specific sinking fu> ds provided.
ceived until 12 o'clock noon. May 1, 1896, for the purchase o f
A n ordinance to fund the floating debt o f the cilv as it §25,000 o f water bonds. The loan w ill bear interest at the
stood December 31, 1895 (about $1,600,000), has passed the rate of 4 per cent and run 30 years.
first branch of the council. The funding bonds, if Issued, are
F ran klin County. O h io—Bond Offering.— Proposals will
to te ar interest at 3t| per coot and to be redeemable in 1906. be received until 13 o’clock May I. 1896. by W . H. H&lliday,
One cent » to be added to the genera! sinking fund for their Auditor, for the purchase of $190,000 o f ij4 per cent bonds
maturing at the rate of $40,000 yearly from May 1, 1899, to
redemption,
May 1, 1908.
It is reported that a proposition to subm it to the voters o f
G eorgia.— Bond Offering,— State Treasurer II. U. Harde
the city the question or issuing $1,000,000 in binds fir the
construct! in o f a general subway system for wires will soon man will receive proposals until May 25th, at 10 o’clock a . m .,
for $242,000 of Georgia redemption bonds. Bids are requested
be brought up for discussion.
on either 3! j or 4 per cent securities. Interest will be pay
able semi-annually on January 1 and July 1 and the principal
Yonkers, X , Y — Erratum — O a p age 60 o f o u r S t a t e a n d will mature July 1,1926.
C it y Scm .r.M B sr the statement is m a le that the debt of
The official advertisement giving further particulars regard
Y ookets, N. Y ., is limited to 2 per cent o f the assessed valua ing this bond issue will be f o u n t elsewhere in this D epart
tion o f real estate. This is o f ciurse an error. The line ment.
should read 10 per cent.
Grant County, H. I).—B on d Sale.—This county has sold
$91,000 of 5JJ per cent funding bonds to Mason. Lewis & Co.,
atpar. Tw o other bids were received, one from F. R, Fuiton &
'«*»«« P r o p o s a l * a n d N e g o t i a t i o n * . - W e have re Co., ' tiering oar leas a commission o f $073, and one from W .
ceived through the week the follow ing notices of bonda- ■I. Hayes <fc Sons, offering par less a commission of $0’94.
recently negotiated and bonds offered and to b» offirad for The securities are dated Aprd 6. 1896, interest is payable
semi annually on April 6 and October 6. at the Hanover
Mde.
National Bank, of New Y ork City, and the principal w ill
B n rljn ztofi, fow a.— Rmvl Offering,—Proposals will be re mature April 0, 1916, with an option o f call after April (1,
ceived until May 15, 1896. for the purchase of $50,000 of 4 p* r 1946.
cent refunding bonds to be hailed to replace a like amount of
G reeley C<Hinty, Neb.— Bond Sale.— Four and one-half per
8 per cent bonds falling due June 1, 1896, Tne securities will
be dated June 1, 1896, interest wifi be payable semi-annually, cent hot, ds o f this county to the amount o f $30,000 have re
on June 1 and December 1, st the office of the City Treasurer, cently beep sold.
o r at t he Chemical National Bank, New Y ork, and the princi
G reenw ood. S. C. —B o n is A u th orized .—B F. Duckett,
p a l will mature June 1, 1906, with an option o f call at any Secretary and Treasurer, reports to the C h r o n ic l e that bonds
tim e after June 1, 1901, the bonds to be parable at the office of the town of Greenwood have been authorized for the erec
o f the City Treasurer,
tion of a court house and jail, provided a new county is
794
THE CHRONICLE.
formed with Greenwood as the county seat. The question
will be decided by an election in the proposed territory, i’he
vote, however, will not be taken for several months.
[VOL, LX.II
decided to accept the bid o f the New Bedford Five Cents
Savings Bank of 109-55 for $50,000 and o f Estabrook & Co.
of 108-818 for the remaining $350,000, but a representative of
the latter firm who was present said that the bid was for
$200,000 or for the whole amount. The vote was then recon
sidered, and the bids o f the Five Cents Savings Bank for $50,000 and Estabrcok & Co. for $2u0,000 were accepted. The
Mayor and City Treasurer were authoriz ’d to dispose o f the
remaining $150,000. Later, Messrs. Estabrook & Co. took the
$150,000, making $350,000 in all awarded to them.
The loan is dated April 1, 1896. bears interest at the rate of
4 per cent, payable semi-annually on April 1 and O j ‘ . 1, and
matures April 1, 1928. The bonds are secured by sinking
funds and both principal and interest will be payable in gold
if demanded. They are part o f an authorized issue o f $1,200,000.
Unrtlngfton School D istrict No. S, Nel).— Bids Rejected.
—J. P. Jenal, Secretary, ieporta to the C hronicle that bids
received on April 15, 1896, for the purchase of $12,000 of 6 per
cent school bonds were all rejected and that the time for re
ceiving proposals has been extended 30 days. The securities
are dated February, 1896, interest is payable semi-annually on
Feb. 1 and Aug. 1 at the Nebraska State Fiscal Agency in New
York City, ami the principal will mature at the rate o f $1,000
yearly from Feb. 1, 1906, to Feb. 1, 1917. Tbe assessed valua
tion of the school district is $170,000. The real value of the
district is estimated at not less than $500,000. The population
o f the district is about 1,500. Total bonded indebtedness of
the district, this issue. Floating indebtedness, none. Votes
New Y ork C ity .—Hoad Offering.—Bids w ill be received
cast in favor ol the bonds at the bond election. 159 ; only 8
against. The district comprises 10,240 acres o f land, includ by City Comptroller Ashbel P. Fitch until May 4th at 2
ing the village of Hartington. The bonds have been found o’clock p. m , for $4,039,502 84 o f 3)^ per cent gold bonds and
regular in every respect by the State Auditor, and are regis
stock of the city of New Y ork.
The securities w ill be either
tered, and only the first semi-annual coupon detached.
coupon or registered, and they are described as follow s:
H illsb oro County, N. H.—Bond Offering —Proposals w ill
D o c k B on d s—
LOANS—
When due.
be received until May 12, 1896, for the purchase of $40,000 of
C o n s o l id a t e d St o c k —
3L,s.g,M&N,$l,O00,000g.Nov.l,’26
county bonds. The loan bears interest at the rate o f 4 per 3L>s, g, M&N,$283,000g,Nov.l,T2
F ir e H y d r a n t St o c k —
3Ljs, g, M&N, 925,000g,Nov.l,’ 16 3s. c, M&N,
$50,000g.Nov.l,’25
cent, and becomes due June 1, 1921.
Jefferson Ciiy, Mo.— Bonds A uthorized.—The people of
this city have voted to issue $20,000 o f street-improvement
bonds.
3ig8, g, M&N, 300.000g.Nov.l,’ 10
P o l ic e D e p . B o n d s -
A d d it io n a l W a t e r S t o c k —
3128, g. M&N, $lO0,000g,Nov.l,’ 16
A d d ’ l C r o t o n W a t e r St o c k —
3Lss,g,M&N,$806,502 84g,Nv.l,’ l l
.3'"S, g, M&N. $175,OOOg.Nov.l,’ 12
313s, g, M&N, $4O0,000g.Nov.l.’ 11
Sc h o o l B o n d s—
Further particulars regarding this sale will he found in the
Kansas City, Mo.—Bond Offering.—Proposals w ill be re
ceived until 12 o ’clock June 4, 1896. by the Board o f Educa City Comptroller's official advertisement elsewhere in this
tion, for the purchase of $250,000 of 4 per cent 20-year school Dep \rtment.
bonds.
North Tarrytow n , N. Y —Bond Offering.—Proposals w ill
Kittson County, Minn.—Bond Offering.—Proposals will be be received until 4 o’clock May 1, 1896, by Evander Farring
received until May 5 for the purchase of $14,000 c f county ton, Village Treasurer, for the purchase o f $20,000 of 4 per
bonds, the loan to bear interest at the rate o f 5 per cent and cent sewerage bonds. The securities will be dated May l,
to run 20 years.
1896; interest w ill be payable semi-annually on May 1 and No
Latrobe. P a.— Bond Offering.—This borough will issue vember 1, and the principal w ill mature May 1, 1916, both
June 1, 1896, $15,000 25-year 5 per cent coupon bonds o f the principal and interest to be payable at the Tarrytown National
denomination o f $500 each, with option o f paying all or any Bank, Tarrytown, N. Y. Tbe purchase m oney is to be paid
part after 15 years. Proposals will be received until 8 o’cloc k on May 11, 1896, at w hich time the bonds w ill be ready for
p. m ., May 11, 1896, at the office of S. A. Peightal. Secretary. delivery.
The village has at present no bonded debt and its assessed
Leom inster, Mass.— Bond News.— C. A. Joslin, Town Treas valuation for 1895 was $1,100,000. estimated real valuation
urer, reports to the Chronicle, in reference to $200,000 of $4,000,000. The population, according to local figures, is about
Leominster water-works bonds recently authorized, that the 3,800.
issue will not be made until some time during the coming
Omalia, Neb.—Bonds A uthorized — This city w ill issue
summer.
$327,000 o f funding bonds. The securities w ill bear interest
L in coln , C a lif—Bonds A u th orized — Seven per cent 40- at the rate of 4% per cent.
year bonds to the amount o f $30,000 have been voted.
Paterson, N. J .—Bond S a le— On April 13, 1896, this city
Livingston, M ont,— Bonds A uthorized.— City Hall bonds
s- Id $50,000 of 4J^ per cent school boad* to Messrs, Estabrook
to the amount of $10,000 will be issued.
& Co. at 107’ 15 and accrued interest. Eight bids in all were
Macon, Ga.—Bonds Authorized. —Paving and improvement received for the loan as fo llo w s:
bonds to the amount of $180,000 have been voted.
Maryland.— Bond Offering.— Proposals w ill be received
until June 11. 1896, by Thomas J. Shryock, State Treasurer,
for the purchase o f $100,000 o f 3}£ per cent insane asylum
bonds and $500,000 of
per cent penitentiary bonds o f the
State of Maryland. Both loans w ill be dated July 1, 1896,
interest will be payable remi annually on January 1 and July
1, and tbe principal will mature July 1, 1911, with an option
o f call after July 1, 1906. The bonds w ill be coupon or regis
tered, as the purchaser m ay desire, and they w ill be exempt
from all State, county and municipal taxes. The debt o f the
State at present is as follow s :
LOANS.— In terest — , ,--------- P r in c ip a l, --------- ,
Estabrook & Co ___
Blair & Co................ .
Farton. Lea oil & Co..
N. W. Harris & Co__
Benwell & Everitt...
E. C. Jones Co.........
Street, Wvires & Co..
8tons & S m ith .......
B id .
107-15
.107-06
.105-77
.104-41
.104-27
104-25
. 101-20
.10313
Twenty-five thousand dollars of the amount mature O cto
ber 1, 1910, and $25,000 October 1, 1911.
These bonds were previously Durchased by E. H Rillius &
Sons on November 14, 1895, at 109 05, on condition that the
city should issue no more bonds within 30 days; but as
$39,000 of 4 l4 per c»nt Paterson renewal bonds were sold on
NAME AND PURPOSE.
Ita te P a ya b le.
W h en H u e. Outstancl’g. November 27, 1895, Messrs. Rollins & Sons refused to take the
issue.
Defense redemption lids, (reg.) 3'65 J & J Jan. 1,1899 $3,000,000
Exchange loan, 1886....
“ 3
J & J Jan. 1,’9R&’0 1,898,829
PrincetoD , Mo.—Bond Offering.— City Clerk G. W . Miller
do
1889....
“ 3
J & J Jan. 1, 1903 3,079,400
do
1891....
“ 3
J & J July 1, 1903 706,757 w ill receive proposals until 8 p. M. o f "May 11th for $16,500
INTEREST is payable at the Merchants’ National Bank, Baltimore. of 5 percent water-works and electric light bonds, to be dated
June 1, 1896. Interest will be payable semi annually on Jan
M eridian. M iss.—Bond Offering. —Proposals w ill be re uary 1 and July 1. and the principal w ill mature June 1, 1916,
ceived until 12 o’clock noon May 7, 1896, by I. A . Mooser, with option of call after June 1,1901.
City Clerk, for the purchase of $25,000 of 6 per cent 20-year
The city has no other indebtedness and its assessed valua
sidewalk bonds and $30,000 of 6 per cent 30-year street paving tion (about 30 per cent of actual value) is $401,677. Popula
bonds. The securities are dated April 1, 1896, and interest is tion is estimated at present at about 1,700.
payable semi annually, both principal and interest to be pay
The bonds offered for sale were authorized by a vote o f the
able at the Seaboard National Bank, New York.
people on the 12th day o f March, 1896, at which election there
The city’s bonded debt is at present $155,100. Its assessed were cast 259 votes for the proposition and 36 against.
valuation in 1895 was $4,842,332 ; total tax rate (per $1,000)
Richm ond, Va.—Bonds Proposed.— Bonds to the amount of
$15 00.
Miami County, Ohio.—News I t e m —E. E. Pearson, County $50,000 have been proposed for sewers.
Auditor, writes the C hronicle in reference to a report that
R ock Rapids, Iow a.—Bonds A uthorized.—School bonds of
$35,000 of deficiency bonds of Miami County have been au Rock Rapids to the amount o f $13,000 have been voted.
thorized, that the law providing for this issue has not yet
Rom e, Ga.—Bond Offering.—Proposals will be received un
been passed.
til 8 o ’clock p . m ., May 20,1896, by S. S K ing, Mayor, foi the
M oberly, Mo.—Bond V a il—Notice has been given by J. B. purchase of $169,000 of refunding bonds. The securities will
JenniDgs, City Treasurer, Ibat funding bonds of Moberly be dated July 1, 1896, will bear interest at the rate of 4J^ per
dated August 1, 1883, and numbered from 232 to 237, inclu cent, payable semi-annually at Rome or New Y ork , and the
sive, will be paid May 1, 1896, on presentation at the State principal w ill mature July 1, 1926. The loan will be issued to
Bank, St. Louis, Mo., on w hich date interest will cease.
replace a like amount o f bonds maturing July 1, 1896.
New Bedford, Mass.—Bond Sale.—It is reported that
Tbe city’s bonded debt ou January 1, 1896, was $289,600. in
there were twenty-one bids for the $200,000 of four per cent cluding a water debt of $84,600. Its assessed valuation in 1895
thiriy-year ciiy of New Bedford bonds, and $200,000 additional of real estate was $3,404,660 ; personal property, $896,632;
at option. The first $200,000 were awarded to Estabrook & total. $4,301,292 ; estimated actual value; $6,000,000 ; total tax
Co. at 108'818, and $50,000 ol the additional bonds to the Five (per $1,000), $12. The population in 1895, according lo local
Cents Savings Bank o f New Bedford at 109-55. It was first figures, was 12,000. The city owns real estate valued at
THE CHRONICLE.
795
LO A N S-
$250,030; personal property valued at $150,000, and other
property, $100,000.
Recently an addiiion has been made to the w ater-w orts
system, and legal title to the addition, which is outside city
limits, conveyed to a W ater Commission. The cost o f tieaddition was $50,000, and the W aterC om m m ion is authorize 1
to issue bonds in payment of balance of cost o f construction
o f addition, and secure by m ortgage upon the addition. See
Acts Legislature o f Georgia 1895, page 281. The Commission
has issued $30,000 o f 5 per cent 10-year bonds under this Act
to finish paying for cons;ruction. The A c t makes ample pro
vision for payment o f these bonds.
g c h u jlk iil County. Ha.—Bonds Authorized. — Building
bonds to the amount o f $73,000 have been authorized.
M eck ton , C alif. —Bonds D efeated,—A vote taken on isuutiu
1141,800 o f bonds resulted iu the defeat of the proposition.
T oledo, O hio.— Bonds Authorized — This city will issu
bonds to the amount of $62,000 to replace general fund bondmaturing May 26, 1396.
W a llace, Wash.— .Vies Item .—The City Treasurer repor s
to the CHBOXtCLE in reference to an election which was to
have taken place on April 7. 1895, on issuing $35,000 o f sewtr
bonds, that no ac ion was taken m the matter.
R . u i . r o a ij L oan -—
6s, F&.V, $498,700
When O n e.
Aug. 15,18 9 3
R e fc n 'm n ii B o n u s—
Total debt Apr. 1 , 1396.. $611,700
T ax valuation 1 8 9 5 ....... 3,034,480
Assessment about actual value.
Total tax (per $1,000)........ $18'00
4s. MAN. $118,000 ..N ov. 1. 1025 P o p u la tio n 1 8 9 0 ......................... 5 ,2 9 4
Subject to call after Nov. 1,190 5 Population 1S95...................... 5,300
Belfast owned on March 1 . 1895, $500,000 of B elfast & Moosehead
Railroad stock, of which 1,390 shares were preferred and8,604eommon.
IN T E R E ST on the bonds Is payable at Belfast and at the F irst
National Bank, Boston, Mass,
Methuen, Mass.— A special report to the C h r o n i c l e fro m
Joseph S. How e, Tow n Clerk, gives the follow ing data re
garding tbe financial condition o f Metheun on April 1, 1896,
Metheun is in Esses County.
Bonded debt Apr. 1, '90.. $165,000Floating debt...................
57,250
Total debt......................... 222,250
- ■ ■: Ul„!...........
7,000
Net debt Ai>r. 1,18 9 6 215,250T ax valuation, real.2,033,205
T ax valuation, personal. 890,226
Total valuation 1895...... 3.520,481
Assessment about % actual value.
Total tax (per $1,000).........$17-00
Population in 1895 w a s..
5,690
Population In 1890 w as__ ,.4,814
Population in 1896 test.)___6,000
IN T E R E ST on the bonds is payable at the National Bank of Re
demption, Boston; on the town notes, at the Treasurer's office.
W hen D u e.
LO AN S-
W a t e r B on u s —
4s, MAN. $100,000--- May 1. 1924
4s. FA A,
50.000.....1904-1924
-is, 14 (1. 15,000.......Oct. 1, 1925
T o w s N otks—
6s,
........ $8,2 50 .On demand.
4b»,J& D ,
8,000. Deo. 1,19 0 3
-Is, MAN, 10,000. Nov. 24,1898
4s, MAN. 3.000.,May 29, 1898
4s, MAN. 5.500.June 1.18 99
4s, MAN. 7.500-, May 29, 1900
4s,
J& J, 6.000..Ju ly 15, 1902
S T A T E A N D C IT Y D E B T C H A N G E S.
_
A pril 25, 1896.]
W e su b jo in rep orts as to m a n ic io a l debts re c e iv e 1 since
the last p u b licatio n of ou r S t a t k a .n d C ity * S upplem s .v t .
8om e o f .h se rep orts a re w h o lly n e w a n d o th e rs c o v e r pe® *
o f information a d d itio n a l to t h o « given ia th e S upplem est
and o f in terest to in vestors.
Sprague, W ii-h.— C b a s. L . K in g , M ayor. T h e fig u re s o f
in debted of' S, etc., g iv e n iu ih e fo llo w in g sta te m e n t h a v e
been taken fro m a sp e c ia l re p o rt to the C h r o n i c l e ,
S p ra g u e is in L in c o ln C o u n ty ,
B elfast, We.—E lg a r F. H an-on, M ayor. W o give b e lo *
a statement o f th e financial co n d ition o f B e lf a s t , w h ich has
been corrected to d u e by means o f a special report to the
C h r o n ic l e from Jain* s Pattee, Treasurer.
Belfast is in W aldo County.
Kuterttio-Lnint a s k W atkr —
os, J * J . $. 5,000........ Julv 1. 1912
Bonded debt Apr. 1. 1390.$35,000
Water debt (included)...... 17,000
Floating debt.................
18,000
Total debt Apr., 1806 ........ 33,000
Modkotlh*
C it y o f N#*w V » r k .
B jo s c im m s ? a d m i n i s t r a t o r s . <h i a ra>i a x s ,
a s h OTiitCBis i m y i i M i x u r s t w \ *sm
A H E At T Ho RUED BtV LAW YD INVENT:
121 TffBSF imstm,
■’
SEALED PB* OKgtAL# Wild* BE RECEIVED
Inf tbm €V>p*|^f#ter o f the City o f Sttw York, at hi*
office. So, YSm Httcmdwmjr it* th# Cliy *.»f New Ycffc»
wRltl Mf'i&Omr, the 4th day o f Mmf, ii#d« ml- %
PAL,, whoathey win h# pilfetlely ofumed, for the fiw te
orm m n o f tiW folk*wing earns* «i c*r registered bond*
and Meek o f the Cify o f New York, &rtoetfs»l and
t p»faW#i£i gold c*do &t the tj&HmI M aim ‘ 7
*, o f this pre***»fc it« a 4 s fd o f Wright and.
ftsim m *. t e ‘-wfi s
M m k &t the City a t New
Yotk** tm rnymtitm street# and aremmm,
mm
#>l ext«m*ton to Mmitooflfcat* HaiN»mu o f A rt, amt for construe
foil o f Harlem ffiycr lirircw a f-th e pottfdpal
November l, 3t$mh
fcSMW® ” wnw>l!4*te4
o f to* t l l f o f Jffir
York.” for pmmmm o f now stock or pbmi
for tfi«. Department of Street € H m im
mul fo r emnf&titUm o f **Blv«r* td« Paris and
Drive’'—tlie principal payable Hmmab*sr
r
1,
** Consolidated Stock o f the GttJ o f New
New York,” to provide for payment# o f
award*, costs, Me.. certified by the Chun#©
o f Grade Damage (Smtmhutpm—ib » prtnciewl pkjahte November I. i$W,
17&,fXdx " (MmmmdMdd. SwcA o f Ums City o f Neir
York.8' known m “ hmiMlmml W #i«r
•po|kJ!—the prtndiml payable Sotmmber
w > jm "'em m m & trn m m u
the a t * ©r jf«*r
York.** known as ** Additional Croton
W ater Stock o f the City o f .%>w York
_ th# 'principal payable Strrmrttmr i, Ib li.
I€0,O»yt> “ Cwaolioated giiodk o f the City o f S w
Y o rk /’ known m ** Police Hatpmtmmt
Hood* " —the principal payable Noremher
1 . Ibid.
1,090,040 ‘ Cfm.*.didafc$l Stools of the City o f New
York / 4 known m lh.wk Bonds o f the City
o f New York ’'—th e principal payable No*e***b«f I.
** CbwwdMated Stock o f the City o f New
York-.'- known a* '* fire Hydrant Stock
iimptdmelpAi payable Nnwetnher I.
dfidMM m' r‘
Bt mM o f the City b f New
York.” known m " Mtmwxt Mtmm Bondi ”
—the prlscspal jatyabie November 1 , ♦\n L
T he proposal# Ahowid fie mcfcw&d to a sealed ori1- . • - ■
. - , - f(. r. ! . •• •h“ * ’ >r
p*jtm$pr» o f f l i » C « y o f ?*ew York." and each propo■
to the Comptroller o f the CKy o f New
Y or k,
V t e fw t liiforaaiicrtt «ee City fteeord.
_
,
ABlIB'BL P. riTC'IC Coraptiolier,
«.:tiy or New York—Mfianee IhspartaienL OaajptrrdIe*'» OiBe*h April fl» 11*99,
C . H .
V an
B u ren
&
C o .,
And
YORK.
STOCKS,
HO K I M ,
J t l t j f H - ;/nv mf t ne mt NetorrlMr-f,
Cirnriiar Irfif-ter, toehtetesg' IM.
Mailed
T ax valuation, persona!.. 208.973
To tal valuation 1895....... 507,883
Total tax (per $! .OOP)__
3-50
Population in 1890 w as........ 1,689
Population in 1896 (eat.).......1.600
NEW
S ta te o f G eorg ia Bonds.
PROPOS AL,^ FOIt IIIII-*4.
CTfYK I»i:»»ABT.M>:NT»i
STAfE Olf ©UiBDU,
?
ATLANTA, April Id, IflPk l
By ant-fiortty and. In
o f art Act o f the
Ctene'nil AA»etaWy «.f Leoixto, appn>ved liecerither
ihtf*. lh©6 . euh llnt ** aw. AtA to. kuthorite the
nor an*! Tr«?«*.ttrer to l*»a« bond* and to
the xauiv for the purpose o f ral*itur money with
LOANS.
$ 4 0 ,0 0 0
RANSOM
COUNTY
F u n d i n g Bonds.
Sealed propoiiala fo r the sale o f Forty Tiiousatid
Hollars 010,000) Five Per Cent (SJf) SomFAonuai
which to pay off an aiuount of the public debt m«- Interest* T w enty-Year <2©j Kaosom County Funding
luting iiily u A tetth, which Is not prorid***! for by the Bonds, as provided fo r by Section numbered SOM,
Sinkimr rh nd that wifi fw» In the Treasury at »«eh
Herimnl Statutes o f the year 1895, will he received
time, amt tnr other pmpm*8tk**
8 k a i.y i) «tl*a will
re<?elire<I at th e ’’ renauiw ef by the under»lgi*ed at his office in the City o f Idahon,
the state, in the • ity o f Atlanta., unfit 10nV.i©t*k a . mdO County, until noon o f ih e ffth day o f May, ihpo,
M, Mouflay, t|»t
day m May. lo r kicrtes t.*f two
he Board reserve* the right to reject juny and all
hnedted »a d forty-tw o bond# o f the State o f Ctoorria o f the denomination o f one thousand dollars each, bid*.
m *tarln« .July t, i¥m, with Interest .payable »«m lDone fey order o f the Board o f County Commis
annttalif c*« January 1st and July 1st o f each y « w
ftmn. dike o f said hond# until maturity, and #nmt be sioner* o f BafiiMuu County, North Dakota, this 9th
payahtc, both, ptmcbpal and imerosL a' Urn office o f day Of April, 1 K*J.
THUS. J. H ARRIS,
the Treasury o f the State ttt the City o f AtlabU.
0«»oy*tta, and ate* to the city o f New York, at such
Gounty Auditor.
pliMMf m the Oo»«n*©r a «d Troaaurer may elect.
Ransom County, N. D.
Bid* will be »ec.:-trad for t h© abore-descttlwsi iN M k
fiewiiiMr three and one-half per cent interest, alao for
same hearfna four per cent Interact; It la proirlded, ■
that tiie entire rerica ut two hundred and
forty two bond*, as above described, shall bear same
rate o f interest..
, . ^
Bidder* will he required to deposit with the Trow*,
near f f the State-, at the time o f taaktoir hid, a certi•fled cheek- o f fiva thonmind dnflara on aonie solvent
bank or hanktof company, payable to the order o f ■
4 5 Road Bonds.
the Treasurer i f tha State, to he approved by the
Qm.mnm’* which deposit la made m a guarantee
that the *«cc*.‘*sfal bidder will carry out hi a contract
1 * K O I * O M I ,S
FOB
BONDS.
m set forth in hi* Md made to the Governor sad
•|reasur*>r.
SEALED BIDS will be received at the County A u
Said temdv will he delivered to taocesafu! bidder
on the 1 st day o f J o lflS t* L either at the ofBee o f the ditor'* Office, In the City o f Duluth, up to % o ’clock
Treasurer o f the State. In the ©tjr o f Atlanta, or In P. -M. o f Thursday, June 4th, iss>6 . for $150,000 i per
the City o f New York, as the purchaser may elect,, cent SO y
n .y ;
«
the C aunty o f
notice of such election belme «lTna at least ten day*
e n o r to July 1st. eim dally cry will he made at the St. temis. gtate o f Minnesota.
office o f said Trews ary.
For partieulars write O. I1ALDEN, County A u
The tight. l*» h» r* .y referred t© reject any and all
bid*, and n o bl.l will be received with any proviso or ditor, Duluth, Minn.
condition other than heretofore set forth.
w.
ATKINS «N.
Governor.
a U. HARDEM AN,
Treaanror.______ ________ _______
$ 1 5 0 ,0 0 0
St. Louis County, Minn.
BONDS.
K I N G S C O U N T Y , N. Y.,
R e g i s t e r e d 4 k.
P r ic e a n d
P a r tic u la r s
upon
a p p lic a tio n .
B A S K .E W 9 A N D B H O K K K M ,
62 B R O A D W A Y , N EW
Tax valuation, real....... ,$293,710
INTEREST is payable at Denver, Col.
S 2 42 .0 00
PRO POSALS FOR
* * GOLD Ban#*
W hen Due.
N E W LOANS.
N E W LOANS.
S
LOANS—
F a r s o n ,
L e a c h
&
U W ttX i I^TilEtlT.
C o.
M a rie tta , O h io, Im p r o v e m e n t................. .<fj»
C h a r le v o ix , l l i c h ., fte fu n d l hk ..................... A*
ftichm ond, tn d .. F u n d in g ......... ......................f>«
D**«,rborn C o u n ty, in ti,, F u n d in g....... .. ... .4 *
T e r r e f l a m e , Inn ,, F undi note.........................I*
R ichm ond, Jnd., Street Im p rov em en t.......(Is
11 irchalf. In d ., E le c tr ic -ld g h t...... .........
fi*
T o le d o , O h io, S tre e t Im p ro v e m e n t.......d M *
Blttflfton, O hio, W a t e r .............— ....................5 *
Bond 11 Hi, O h io, W a t e r . — . . . . . —
.......... 5 m
X e n ia , O hio, Funding. . . ...................... .— a H »
Piqiia, Ohio* W a t e r ................
4Hm
S Iid d fetow n , O hio, W a te ;r ........... .................. 3 s
C o rsican a, T e x a s , S e w e r ....................
.3 *
A « to r !a , O regon. (fSold), VVnter... . . . . . .
3s
L a u r e l, M d „ ’•tree* Im p ro v e m e n t.............5 *
roii SALK BY
Rudolph Kleybolte & Co,
B A N K K R S .1
C IN C IN N A T I, O .
THE CHRONICLE.
796
Omaha, Neb.—W . J. Broatsb, Mayor. Below is a state
ment o f the financial condition of the city o f Omaha w hich
has been corrected to date by means o f a report to the Chron ic l b from A. G. Edwards, City Treasurer.
Omaha is situated in D ouglas County.
When Due. 1
LOANS—
W hen D u e
LOANS•City H all B onds—
R en ew al—
4*38, J&8,$100,000...... July, 1910 5s.......... $100,000.......... Apr., 1909
25,000......
Sc h o o l D is t r ic t B o n d s—
58, .. . .
58, ---- 100,000.... ..Oct., 1909 5s, . . . . . $200,000.................. 1908
5s, ---- 100,000___ ..Jane,1911 5 s ,...., 385,000.................. 1912
5s.......... 175,000___ ..Feb., 1912
S e w e r B on d s—
6s. MAS, $100,000....Sept.,1901
•Pike Engine—
4^8, . . . . $50,000.... ........ 1910 6s, J&D, 100,000.... June, 1903
Paving B onds—
5s, J&J.
70,000....July, 1904
5s, MAN, $100,000.... ..May, 1903 5s, M&S, 100,000....S ep t,,1907
5s, J&J, 100,000.... ..July, 1904 5s, .......... 100,000..., May, 1908
5s, FA A,
50,000.... ..Aug., 1905 5s............... 100,000....Apr., 1909
5 0 ,0 0 0 ... ..Oct., 1906 5s. .......... 100,000....Aug., 1913
5s, J&J,
50,000.... ..Jan., 1906 4 ^ 8 ,........, 50,000.... July, 1910
58, A&O,
75,000.... ._8ept„1907 412s, F&A, 100,000....Aug., 1906
5s, M&S,
100,000.... ..May, 1908
Special A ssessm ent B ands —
5s, ....
5 s ,___
75,000.... ..Apr., 1909
C urbing A G uttering —
100,000.... ..May, 1912 6s, yearly, $50,850...... 1896-1900
58, . . . .
100,000.... ..A ug.,1913
A l l e y P a v in g —
5 8 ,___
75,000.... ..July,1910 6s, yearly, $23,400.......1896-1900
4^8, . - D is t r ic t P a y in g B o n d s F unding B onds—
7b, MAN, $ 66 , 1 0 0 ... ..Nov., 1900 68, yearly, $568,600.......1896-1900
*8, J&D, 100,000........June, 1905
G r a d in g B o n d s—
•L i b r a r y B o n d s —
6s, . . . . $183.300.......1896-1904
Str e e t I m pro vem en t—
•s, M&N, $100,000........May, 1912
•P a r k B o n d s —
5s and 6s, $812,100....-1896-1904
. . . . $400,000........June, 1912
INTEREST is payable in New York by Kountze Bros.
T O T A L DEBT, ETC .—The subjoined statement shows Omaha’ s
total municipal debt and the sinking fund held by the city against the
flame on the 1st of January, 1896, 1894, 1893 and 1892.
1896.
1894.
1893.
1892.
Total bonded debt__ $3,011,100 $3,011,100 $2,447,500 $2,036,100
Sinking funds........................
15,085
54,578
127,000
[VOL. L X II
'D E B T LIM ITATIO N -—Tlie oity debt, is limited by the Charter o f
1893 (Section 6 G) to 10 por cent of the assessed valuation. The city
hall bonds, lire engine bonds, library bonds and park bonds, amounting
in all to if 1,050,000, are excluded from this Charter limitation.
ASSESSED VALUATION —The city’s assessed valuation, “ abou
1-10 oash value,” and tax rate have been as follow s:
,---------------- Assessed Valuation. ---------------- , Tax Rate
Years.
Real.
Personal.
Total.
p e r$ 1,000
1896.................... $15,002,310
$3,094,335
$18,096,645 $4100
1895.................... 16,460,801
3,193,665
19,654,466
4400
1894...................
......
....
.
19,926,780
4 400
1893.................... 16,915,239
3,556,777
20,472,016
4 400
1892.................... 16,740,898
3,690,861
20,431,759
41-00
1891...................
..........
..........
20,431,759
........
1890.................... 16,303,131
3,697,045
20,000,176
4150
1889.................... 16,642,831
4,083,848
20,726,679
48-00
1887.................... 12,798,119
3,716,625
16,514,744
23’25
POPULATION —In 1890 it was 140,452; in 1880 it was 30,518 ; in
1870 it was 1G.083.
Medford, Oreg.—G. H. Haskins, Mayor. B elow is a state
ment regarding the financial condition of the city of Medford
which has been corrected to date by means of a report to the
C h r o n ic l e from B. S. W ebb, Recorder.
M fdford is located in Jackson County.
LOANS—
W h en D u e. Total debt......................... $38,000
Tax valuation 1894....... 300,000
W a te r B on d s.
7s, JAJ, $20,000.......Sept. 1, 1900 Assessment about 25 actual value.
Interest payable in New York.
Total tax (per $1,000).......... $40-00
Bonded debt Apr. 1,1896..$20,000 Population 1890 was..............1,196
Floating debt (about)........ 18,000 Population 1894 (e st.)...........2,200
TAX FREE.—The city’s bonds are all exempt from taxation.
Stanislaus County, Cal.—C. A . Posh, Auditor. Follow ing
is a statement of the indebtedness, etc., of Stanislaus County ,
County eat is Modesto.
LOANS—
When Due. Tax valuation, real....$12,081,949
u n t y B on d s—
Tax valuation,personal 1,270,511
Net debt................................... $2,996,015 $2,392,922 $1,909,100 6s,C oJ&J,
$15,500...... May 10,1903 Total valuation 1895.. .13,358,460
Subject to call.
State & Co. tax (per $1,000)... 13-85
In addition to the above the district debt (payable by special assess
ment) on January 1,1896, was $2,022,741. On January 1, 1894, the Bonded debt Apr. 1, 1896.$15,500 Population in 1890 w a s___10,040
INTEREST is payable at Modesto.
achool district debt was $585,000.
N E W LOANS.
N E W LOANS.
____ N EW
LOANS.
Investment Bonds
M U N IC IP A L
BONDS
FOR INVESTMENT.
1* iR T I C U L A R S
UPON A P P L IC A T IO N
L U M B E R S OF T H E N E W YO
A N D BOBTO*
STOCK E X C H A N G E S .
Investment
Bonds.
FOR
New York Savings Banks
and Trustees.
City of Boston Registered...................4s L IST S E N T U P O N A P P L I C A T I O N .
City of Louisville, Ky.......................... 7s
M E M B E R S O F B O ST O N A N D N E W Y O R K
STOC K E X C H A N G E S.
State of Colorado................................ 4s
City of Holyoke, Mass., Gold...............4s
R. L. DAY & CO.,
Middlesex County, Mass...................... 4s
4 0 W a te r Street, Boston.
City of Los Angeles, Cal., Gold....... 4s
7 Nassau Street, New Y ork.
Boston & Albany RR............................4s
Old Colony RR...................................... 4s
New York & Penn. Tel. & Tel. Co___5s
ills
lanchard
M
D H A L E R S IN C O M M E R C IA L P A P E R ,
E. H. ROLLINS & SONS,
& B
,
[.B A N K E R S .
53 ST A T E ST .. BOSTON. M ASS.
MUNICIPAL BONDS
Blake Brothers & Co.,
B O U G H T A N D SOLD.
OS S T A T E S T R E E T , BOSTON.
Devonshire Building:,
5
N A SSA D
S T ..
NEW
$500,000
YORK
CITY
OF
10 Slate Street, Boston, M a n ,
BOSTON
3J* PER CENT 40-YEAR
GOVERNMENT and
Rapid Transit Registered Bonds
M U N IC IP A L BONDS
WHANN & SOHLESINGrER,
M U N IC IP A L
Price and Particulars upon Application.
Bought and Sold.
N. W. HARRIS
Sc
CO.,
DUNSCOMB & JENNISON,
59
W ALL
ST R EE T , N. Y .
i W A L L STREET.
BANKERS,
CH ICA G O .
^BOSTON.
15 W A L L STREET,
BONDS.
NEW YORK
P H IL A D E L P H IA .
-
NEW Y O R K .
SAFE INVESTMENTS.
S E N D F O R I .I S X
City and County Bonds.
D I E T Z , D E N I S O N & PRIOR,
3 5 CONGRESS STREET, - BOSTON.
1 0 0 Super r Street, Cleveland, O.
GOVERNMENT
MUNICIPAL,’
S T R E E T R ’W A Y
W. N. Coler & Co.,
b an k er s
.
BONDS.
MUNICIPAL BONDS.
EDWD. G. JONES CO.,
421 CHESTNUT STREET,
PHILADELPHIA.
80 BROADWAY,
(NEW YORK.
34 NASSAU STREET.
CHE (JHEOXKJLE,
A pril 35 1896. J
797
H u m b o ld t C o u n ty , Nev.—A special report to the C h r o m c l e
Lake County, Cal — Below is a b a t e m e n t regarding the in
from P. Laveaga. Treasurer, gives the follow in g data regard- debtedness, etc., of Lake County, which has been corrected
ing th e finances o f Hum boldt County on April 1, 1896.
to date b y m eans of a special report to theJCHROSiCLE fro m
The county seat is W innem ucca.
W , C. Moore, Treasurer.
LO AN S„
W h en Dae. T a x v a lu a tio n , r e a l........§ 2 ,1 8 0 ,0 2 1
County seat is Lakeport.
T a x y a lu a tio n , p e rs o n ’l 1 ,9 9 0 ,3 3 5 !
Cottar Boose Bonds—
LO AN S—
IFAeii D u e.
T a x v a lu a tio n , p e rs o n a l. $ 3 9 5 ,9 1 2
T o ta l v a lu a tio n 1 8 9 5 .. . .3 ,0 7 4 ,0 7 8
A sse ssm e n t a b o u t ~ n a ctu a l va lu e .
T o ta l t a x (p er $ 1 ,0 0 0 ).......... $ 19 -5 0
P o p u la tio n in 1 89 0 w a s .......... 7 ,1 0 1
P o p u la tio n in 1 8 8 0 w a s .......... 6 .5 9 6
P o p u la tio n in 1 8 9 6 (e s t.)........ 7 ,5 0 0
T o ta l v a lu a tio n 1 8 9 4 ... 3 ,1 7 0 ,3 5 6 ;
* Co u n ty b o n d s —
A ssessm en t a b o u t t a c t u a l va lu e.
T ota l t a x ( net § 1 .0 0 0 :
_ § 2 2 '0 0 5 s, A ,tO . § 4 7 ,8 0 0 ..........O ct, 7, 1 90 7
S u b je ct t o ca ll at. a n y tim e.
P o p u la tio n in 1 8 9 0 w a s .......... 3 ,4 3 4
P o p u la tio n in 1 8 8 0 w a s .......... 3 ,4 8 0 Tnt. p a y a b le a t C o u n ty T re a su re .
■ School debt .'additional)... 22,500 P o p u la tio n in 1 89 6 je s t .)........ 5 ,0 0 0 T o ta l d e b t A p r. 1 ,1 8 9 6 .. § 4 7 ,8 0 0
T a x v a lu a tio n , re a l......... 2 ,6 7 3 ,1 0 0
I N T E R E S T is p a y a b le a t W tm tem uccn .
* E x e m p t fr o m ta x a tio n .
T A X F R E E .—T h e c o u n t y ’ s b om la a re e x e m p t fr o m ta x a tio n .
7-
J jt J , § 5 2 ,0 0 0 ___ D eo. 3 1 , 1 913
' S u b je ct to ca ll a fte r 3 y ea rs.
B o n d e d d eb t A p r. 1. 1 896 .§.>2,000
F lo a tin g d e b t ...........- •- ------ | J M » »
T o ta l d eb t A nr. 1 , 1 8 9 b .. . *>,.029
INDEX TO STjftTE AND CITY DE^TMENT,
I n th e fo llo w in g In d ex re fe r e n c e Is m a d e by the p a g e n u m b er t o e v e r y item re g a r d in g S ta te, c it y , t o w n o r c o u n t y fin a n ces w h ich h a s been
p u b lish e d in th e C h b o n i c h sin ce th e issu a n ce o f th e la st St a t e a n d C it y S e w l e m e x t , A p r i l l l , 1 89 6 . I te m s in th e c u rre n t n u m b e r a re n o
n o te d In th e In d ex . F u ll-fa ce ty p e * r e fe r to la test rep ort* o f t o ta l d e b t, a sse sse d v a lu a tio n , A c . T ills in d e x w ill b e p u b lish e d in the S t a t e a n d
C it y D e p a r t m e n t o f th e C h r o n ic l e on th e la s t S a tu rd a y o f e a ch m o n th .
AthnSeWhlendi. Sew
Anemia, h r ..............
,wr
TJaitlmom. Ma
XM lttm ute
M l ......
Believe®, O ......................
~M
*;97
g* '
Cleveland School DisGreensboro, N. C ...........
triet, O ............... . ......... 6 9 8 Greenwood. S. C .. . . . . . . .
Clinton, Afaa*_____ .. ...
750
Cohocton. S. Y . . . . . . . . .
750 X T acerstow n . M d .. . . . . .
smiltoa Co.. O .........
Cole Co** M o ....................
«9*
Cehimtro** (ia .................
750 Hoboken, N. J . . . . . . . . . . .
Ordumbm, O u ,....... .
750 llo m d a r s b n rg . P a....... .
IjL
SSI
1? m i Pm *bnts. Pa.
i iifria, O ............
Bfcsteoe, O re,..............
S S ^ 8 £ ;:::
Butts Co,, Go.................-•
7S9
0 S fS !K « ^ " ,ias:
S S 8 T " ... 1
SEssdo.-.
?»«
NEW
780 t
698 i Marine City, M ich..
M a rylan d...............
698 . Miami Co.. O ...........
088 Miller’ s Calls, Mass,
699 { Millville, Pa....
888 i Missoula Co.. M o n t...
.
75ft
<m
om
H udson Cu., > . J ..............
808 j
Monroe. Mich..., .....
j^exifdnjrton. M et,........
Monroeville. O .. . . . . . . .
750 ■ ML Airy, S . C..
T anc»*tcur.O........ .
750 ;
JLieomi nster. M
a
p
750 ;
\ f eln tyro , la . . . . . . . . . . .
75ft !
p a n River, Mam, . . . . . . .
Jt* lashing. k . f .........
Port rntmm, Miss...........
I.owisburrf, W , V a . ... „■* 698 1
698 Lincoln, Cal....................
780
750 L o s A ngelcw, C a l----- ,., 7 P
75ft I*j n n , M an *.. . . . . . . . . . . . .
7&0 \
( 7 S f i j r l 1 m gat fen *Dl»trie*. Neb. ............
Grand
M loh. . . . . .
Grand Rapid*. Mlets....,
>&' M aOMm, N. J ........ .
750 Malvern. Pa
........
6 Mt Manchester. S. H..........
750 M ankato. M i n n . . . . . . . . . .
\ f ew Bedford. Mass.. . .
S,fTth A d am *.H a * .. ..
North Tarry town. a . V
Norwalk, O.
Norwi
“ wood, O
03ga&$*
?| g
J J r b a iw .0 ........ ............
752
l> eterb oro. N. H ..
75ft • X ©t@rsba.rg, V a ..,
751
608
\ \ ‘ nshlngton Ga.— ..
' ' edfirmn, O . ..........
Westport. M o ,...... . ,698.
690
752
752
75ft
750!
699
M IS C E L L A N E O U S .
N E W LOANS
LOANS.
750 jPhiladelphia. P a . . . . . . .
69
754
750
Pittsfield. M ass.........
609 Ponehartrain Lev. Dist.,
750
N .O., L a ......
75
750
750 Ty m ine, W is...... .........
751
7f>0 * * andolph, Mass__ ___
751
8*0; Ransom Co.. N ,D ..........
751
.
609 Rockville, M d ........... .
751
Rutland. V t . . . . . . ...........
751
750
751 Q t . Bernard. O...........
751
751 O t Louis Co. M inn.....
752
751
Salem O. .................
75$
751 Shasta Co,. Cal. ........... 7 3 3
68 l»
Sing Sing, S. V.... ..................... .....................
7S1 j Storiehaui, M a s s......# ® 752
C h i c a g o , ill.* I m p r o v e m e n t ..............
g b o m o i T e j * . . P on d in g............................. « *
B a r l t o c t o n . W in ., S c h o o l ..................................3 *
W E
CAN
M AKE
VERY
a d v a n ta g e o u s
a rra n g e m e n ts
w ith p a rtie s w h o are in a p o s i
WmiMfca, 111.. School ...........................
3*
M i K i u l n r , io w n . Im p ro v e m e n t.................. «•
tion to p la ce la r g e b lo c k s o f
White &
* k a ll* t > « n r . W l » . . W a t e r
».
s to c k in a d e v e lo p e d , e q u ip p e d
F on da, Iow a , W ater
<*•
A lla . I o w a , W a t e r
«»
and
p ro d u cin g g o ld m ine. T h e
BANKERS,
S ta le o f S o o th D a k o ta R ev en u e
U»
p ro p e rty referred to is an im
F O R SACK B Y
7 i B R O A D W A Y . N E W Y O R K . m en se on e, w ith e x c e p tio n a l n a t
ural a d v a n ta g e s , is a free m ill
MASON. LEWIS & CO..
i n g p ro p o s itio n , and has ore in
RASH ERS.
I I I ! A N U S E I .I .
s ig h t to the n et va lu e o f m any
3 1 S ta te S i.,
1 7 1 L * S a lle S i.,
BOSTON.
CH 1CAISO,
tim es th e p rice o f th e ca p ita l
Municipal and First Mortgage s t o c k o f th e co m p a n y .
The
Railroad Bonds.
p ro p e rty h as a p e rfe ct title, is
free from d e b t, and a ss u re s to
MUNICIPAL BONDS.
in v e sto rs la r g e and co n tin u o u s
IISTS ON APPLICATION. return s.
C. H.
Co.,
Corregjioodeuee Invited.
E. C. Stan wood & Co.,
IMining Department o f
A. C. FROST & CO.,
WEALEK9 IN MUNICIPAL BONDS,
W . J. Hayes & Sons,
n tN H K R a,
HANK H U S
121 Devonshire Street,
BOSTON.
C IS T S S E N T UPO N A P I'I.I C A T I O N
DEALERS IN MUN IC IP A L BONDS
Street Ballwa? Banda, and other t*h-gr*d« in
vestment*.
B ,*T«S..M ASS...
C le v e l a n d , O h io .
t Ki.-I.anpe (•:•.. r
3 1 1 ilt.'i S u p erio r St.
i.nbit AfUre
• BXXKTH. "
Blodget, vMerritt & Co., M O R T G A G E LO AN S
BANKERS,
T E X A S.
16 Congress Street, Boston.
S T iT F
f l T Y k K .U L R 0 A 0
BO.NHS
Im erevt 3 P er Cent Net.
BANKKUS
UA C e d a r S t r e e t ,
-
XKW
*
V O itH .
F R A N C IS S t t I T I I A € € . .
U C S IC IP A I.. < OH NTT. SCritKtl, AND
TOW Vo Hit* BONDS
BOUGHT
A N iD
SOLD.
B
e n w e l l
&
E
v e r it t
S c h e r m e r h a r n B B lI d ln g .
6
s T IIK E T .
C ltlcAO O
A. Strassburger,
STOCKS & BOYDS B R O K E R .
SOUTHERN INVESTMENT SKCOTUTU 8S.
Montgomery, Ala._____
Bank and TrustCompany Stocks
New York and Brooklyn
BOUGHT AND
LD.
CL INT O N C I L B E R T
Fred. M. Smith,
TO S O U T H S T R E E T ,
,
W A L L ST.
Y O R K & N E W JERSEY
A SPECIALTY’
SALLE
A C H I KV, M EW Y O R K .
Ml N ICIPAi. ISSUES IN' T U B STATES OF
NEW
1, V
•I W A L L S T .. N E W Y O R K .
NO COMMiiMiONS ehargtifl borrower or leader
until leant have p rev ia good.
SAN ANTON IO. T E X A S .
James N, Brown & C o.,
108
M lie * specialty o f Bank WnekA Municipal and
* » M r Bbnda and furnish** Holloaed Inforniatto
AUGUSTUS
FLOYD,
DEALER IN
IN V E S T M E N T SEC U R IT IES,
PI N E S T R E E T . NEW Y O R K .
THE CHRONICLE.
79b
Sffinauctal
In su ra n ce.
GENERAL MORTGAGE.
9599 12108
965-2 12137
PSOl 12165
91
9844 12343
141
9911 12384
161
176
9935 12422
7729 10015 12486
7764 10024 12614
7844 10056 12636
7862 10064 12654
7912 10085 12712
7926 10098 12750
7980 10104 12815
8004 10125 12822
8113 10195 12961
8180 10394 12984
8240 10457 13091
8309 10534 13130
8310 10660 13153
8313 10724 13158
8322 10735 13179
8433 10743 13185
8444 10783 13270
8524 10801 13290
8571 10842 " 13437
8705 10940 13464
8826 11162 13495
8925 11235 13503
9014 11355 13595
9063 11373 13618
9076 11394 13629
9098 11647 13659
9153 11666 13769
9158 11700 13871
9184 11744 13968
9193 11858 14080
9424 11918 14166
9562 12077 14250
14275 18431
14392 16440
14393 16548
14409 16586
14507 16597
14602 16714
14631 16730
14638 16746
14649 16747
14688 16755
14693 16773
14912 16782
15055 16850
15116 17065
15163 17116
15205 17150
15210 17211
15216 17240
15237 17268
15257 17271
15426 17337
15443 17411
15461 17463
15464 17511
15513 17575
15516 17604
15718 17627
15748 17641
15756 17672
15819 17698
16081 17783
16138 17870
16169 17933
16228 17953
16236 18041
16394 18044
16415 18062
IN TH E C IT Y OF NEW Y O R K .
18086
18087
18106
18113
16160
18245
18299
18425
18441
18462
18517
18620
18621
18672
18t-73
18677
18804
18873
18927
J A N U A R Y 1, 1 8 9 6 :
18938
19283
19316
19331
$174,791,990 54
19360 ASSETS,
19365
19369 LIABILITIES
150,753,312 65
19426 j
19485
19502
$24,038,677 89
19567 SURPLUS,
19592
19650
19658 1
INCOME,
$37,892,265 56
19712 i
19771 '
19804 * New Insurance Paid
19907
New York Life
Insurance Company.
for in 1895,
h a v e th is day, M onday. M arch 23,1896, at th e office
o f th e Central T rust C om pany o f N ew Y ork, T ru stee,
been designated, f o r redem ption at t e n per centum
rem ium on the first day o f Jun e, 1896, on presentao n and surrender th e r e o f, w ith all unm atured c o u
p on s o l th e sam e, at th e office o f th e L o u is v ille &
N ashvile R ailroad Com pany, E quitable B uilding, 12o
Broadw ay, in the C ity o f New \ ork.
In terest on said bon d s w ill cease on Jun e 1, 1896.
B
CENTRAL. TRU ST CO. OF NEW Y O R K .
B y G. S H K R M A N , V ice -P re sid e n t.
L O U IS V IL L E Ac N A SH V ILL E R R . CO.
B y A . M . Q U A R R IE R , 2d V ice-P resid en t.
I hereby c e r tify that th e a b o v e bo n d s w e re draw n
as stated. W itn ess m y hand and seal this 23d day
M arch, 189C.
F R A N K B. SM ID T .
N otary Pu blic, N. Y. Co.
1896.
The United States Life
Insurance Co.
T h is Is to ce r tify th at 225 (tw o hun dred and tw e n ty live) G eneral m o rtg a g e B on ds o f th e L o u is v ile &
N ashville Railroad C om pany, n um bered as fo llo w s
88
J H v s c p n i u n 'c t t s ,
1850.
Louisville & Nashville RK.
Company
81
[Vot,. L X II,
- -
$127,492,555 00
This old and reliable Com pany n ow has th e e x p e r
ien ce o f fo r t y -s ix years o f practical L ife In su ra n ce,
w hich has taught it that th e U n e q u a n o n o f success
Is the adop tion o f g o o d plans o f Insurance, an d th e
pursuit o f a liberal p olicy tow ards both its Insured
and its Agents. T h e se essentials it possesses in an
em in ent degree, bu t ju d icio u sly tem pered b v t h a t
conservatism w hich is th e b est possible safegu ard o f
th e p olicy-h older. Its co n tra cts are in co n te sta b le
a fte r tw o years. T h e are n o n -io rfe itin g , provid in g
generally fo r eith er paid-up p o licy o r e x te n d e d in
surance. at th e op tio n o f th e p olicy-h old er. It g ives
ten days o f grace in paym ent o f all prem ium s. Its
cou rse during the past fo rty -fiv e years abu n dan tly
dem onstrates its attsolute security.
A ctive a n d S u ccessfu l A y cuts, w ish in g to rep
resent th is C o m p a n y , m a y c o m m u n ic a te
w ith th e P resid en t, a t the h o m e Office,
2 6 1 B ro a d w a y , N ew Y o r k .
O FFIC E R S :
(JEORGR H. B U R F O R D ...............President
C. P. F R A L K I G H ................................................S ecretary
A. W H E E L W R I G H T ................... A ssistan t Secretary
W M . T . S T A N D « N ................................................A c tu a r y
A R T H U R C. P E R R Y ............................................ C ashier
JO H N P. M U N N ................................. M edical D irector
F IN A N C E C O M M IT TE E :
GEO. G. W IL L IA M S ............ Prest. Cbem . N at. B a n k
JO H N J. T U C K E R ................................................. B u ilder
E. H . P ttR K IN S , J r .. Prest. Im p. & T rad ers’ Nat. B ’ k
JA M E S R . P L U M ......................
L e a th er
i M
c
a
w
c
f t
BANKERS,
18
W ALL
STREET,
NEW
YORK.
E stablish ed 1865.
MEMBERS OF NEW'YORK STOCK EXCHANGE.
A llow in te re st on dep osits s u b je c t to sight ch e ok .
Buy and sell on com m ission sto ck s and bon d s eith er
for c a sh .o r on m argin, an d deal in
Investment Securities.
A . M . K id d e r ,
H . .7. M O R S E .
CH A a. D. M a r v in .
W . M . K id d e r .
H O W A R D A. H A V E N .
W R I G H T C. S T O U T
HAVEN & S T O U T ,
*Paid for Insurance
in Force,
U
BANKERS AND BROKERS,
$799,027,329 00
* No polioy or sum of Insurance is included
In tills statement of new business or insurance
in force except where the first premium there
for, as provided in the contract, has been paid
to the Company in cash.
2 Exchange Court.
-
-
NEW Y O R K ,
Buy ami S elU R a ilroa d Stocks and Boml&
on M argin or for Cash at l-1 6 t li
per .cent^Coiumission.
M em bers o f th e C on solidated E x ch a n ge.
J. Spencer Turner,
SUCCESSOR TO
L o n g d is ta n c e T e le p h o n e
, r 1 1 4 C O K T L A N D T .”
RrinckerliofF, T urn er &, Co.,
C a b le A d d r e s s :
“ R U D E R A T IO N , N . Y .
M A N U F A C T U R E R A N D D E A L E R IN
Haight & Freese,
C O T T O N SAIL DUCK
Bankers & Commission Stock Brokers,
53 B R O A D W A Y , NEW Y O R K .
85 STATE ST R E E T , B O sT oN .
STOCKS, BO M >* ANO GRAB*
B ou gh t and Sold a t 1-16 Com m ission.
A N D A L L K I N D S OP
JOHN A. McCALL,
P re sid e n t.
B A N K IN G
BUSINESS
AND
A fu ll supply, all W id th s an d Coiors, alw av
stock.
'n
1 09 D u a n e S treet, N e w Y ork
HENRY TUCK,
INVESTMENT BONDS.
A ccou n ts o f Banks, Bankers and Individuals
received on fa v ora b le term s.
N A T IO N A L B A N K R E F E R E N C E S F U R N IS H E D .
A gent
UNITED STATES BUNTING CO
Special attention given to out of-tow n ac
counts.
TRAN SACT A
GENERAL
STOC K E X C H A N G E
COTTON C A N V A S F E L T IN G D U C K ,
C A R C O V E R IN G B A G G IN G ,
R A V E N S DUCK, S A IL T W IN E , & C
P O P E “ A W N I N G ” S T R IP E S .
SECURE BANK VAULTS.
V ic e -P r e s id e n t .
U PTOW N OFFICE. 1 1 3 2 B R O A D W A Y .
CLAPP & COMPANY,
Bankers and Commission
M erch a n ts,
M B A S B U IL D IN G , N h W Y O R K .
S olicit an d E x ecu te O rders on
N. Y . Stock E xch ange.
N. Y. P ro d u ce E xch ange.
N. Y. C otton E xch an ge.
C h icago B oa rd o f Trade.
Unsurpassed P riva te W ire F a cilities to N ew York
C hicago and W estern E xchanges.
Cable A d dress “'O Z I t o
Joseph G. Martin,
STOCK
O
BROKER
a n d d k a d e r in
S C E L L A N t O t S 8 E C U H IT IK M .
3 0 s ia l* Hi., Hnaton. .>la«»
Archibald H. Welch, 2d Vice-Pres’t.
George W. Perkins, 3d Vice-Pres’t.
Edward N. Gibbs, Treasurer.
Kufus W. Weeks, Actuary.
Hugh S. Thompson, Comptroller.
Charles C. Whitney, Secretary.
genuine
WELDED CHROME STEEL AND IRON
R ou n d and F lat Bars and 5-ply P la te s and A n gles.
~
,
f O K SA F E S, V A U L T S , <fcC.
Cannot be Sawed, Cut o r D rilled, an d p ositively
B u rg la r-P ro o f
CHROME
S IE K L
W ORKS,
K en t A v e ., K e a p & l-Iooper Sts.,
Sole M an’f ’ ers in th e U. S. BR O O K LY N ,
N. Y.
#
THE FINANCIAL REVIEW/
FOR 1896
NO W READY
@FedFRASER