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Quotation Supplement (» ^
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investors Supplement M
Street KailwaySupplement (q
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Stale and City Supplement
[Bnterea “ 0<,uraiag to Aot ot Con<tm3, la the y w r 1397, by the William B. D dva Oox p a s y , In the oflloe of the Librarian of Oongree. )
VOL. 65.
SATURDAY, AUG US L 14, 1897.
’
3£he (£hccfuicie.
P U B L IS H E D
W 4k ending August 7.
<
Clearing* at-
W EEKLY.
T e r m s o f S u b s c r ip t io n — P a y a b le in A d v a n c e :
New Yorth ....
,
Philadelphia, ..
Plttahuric.,,....
Baltimore—
Buffalo.... .....
Wll»hlOiltOQ....
F o r O ne Y e a r . . . . . . ___ . . . . . ........... ................
„
B IO PQ
F o r S ir M o n t h * ............. .
...............„ ..........8 0 0
E a rop o ati SinsoriptiGi# {la c h illa s? postal?©* . . . .
12 00
B o ro p e a ii S u b + 'H p tio a B ix 3 f outlie { H i e M h j * iK»§ta#r©+
7 00
A m u m ! SulRfCpipMoiila L o a d o a PadiftdJii$f
IQ§.
do.
01j : M c s*
m
do.
do.
do.
, . . . £ 1 lO b .
R o ch e s te r .* .....,
Syracuse.........
The W vestors; 90Pf l.KME.vr y u i be ftiriil-tMol without extra charge Scranton. -««-»**.. W tlm ta irtoa .....
r'UKOsIci.E ,lU'U *al’*0rlt' et 01 1,18 Ci>«*BSCWt A *» FfS.-CU I. B ln a h a m to a .. . .
Total Middle..
The STATE *si> Crrr buitlemen-t will also bo farni.inxl without
extra charge to every *nb««ribar of the OnBoiiictB.
B o s t o n ..... . .....
The 9TSEKT
9nm.Btir.XT will likewise be furnished with- ProrUte&e*. ....
Hartford*.*
,
**<**&« charge to every subaetiber o f the OnraoxflGBK.
T h e i^t’ o T a T io * -SoPFLEXBXr, issued m o s th ly , w ill » l* o bo furnished New Harea. ....
0jprtts«C»ld. ....
without extra ehary to every subverttM>r o f too burntn ot*.
Fltoeorerg hoUlm^Blx moathM’ imom or apee tut tile cover* for Sap- Worcester. ......
Portland ........
plements ar» sold at 50 cent* eaob; postage on the aarao is is cent..
Fall Riser........
T e r m s or A d v e r t is in g — ( P e r in ch sp a ce ).
One time........ ................
$3 50 1 Thr*v Month* 113 Umv>. * 2 3 00
Total Maw 8a#.,
One Month
H t t o n ) . . U 00 Sir Month*
r>0 . . ' 1 3 #1
Chicago..........
Two Months
(8 "
18 0 0 1Twelve Month* (S3 •
•
5s 00
(The above terms for one month and upward are for standing card.*.) Claemnatl.......
t. . . . . . . . .
Cleveland......
L o n d o n A g e n ts :
Milwaukee,
Meapv. Ei>w veils 4 S u ita . I Drapers' Darden*. E. C . will take sub ColaEnhai.......
* * ia !<
e*eh*'1 *dvorti*«m»nts, and supply single copies o f the paper IndleaapolU ....
^
Peoria...... .....
Toledo .............
Grand Rapid*.,,
W I L L I A M II. D AN A OO.VIPANY. P u b lis h e r s ,
ttrUssc::
D a y t o n .. . .. .. .. ..
P ost
P in e s t r e e t . C o r n e r o f P e a r l s t r e e t .
O rrice B o * 958.
NEW
k h ik
.
CLEARING HOUSE RETURNS.
LerSnsrtOfi,..,.,.
Saginaw.-..*,....
KiUamMOO***. .*
Akron.,
llsf OUT............
ttootford....
*ttrine9aiiS, Ohio.
C a n t o s ............. .
The follow ing table, made up by holograph, etc,, indicate*
Tot. Mia. WMt’r
th a t the total bank clearings of all the clearing houses San PrutetMO....
of the United States for the week ending to-day, Aug. H. Sait ! ,* « . C ity....
5 S7iet S r 2 r 'V L ^ ' ’ 7‘ 5
*(W last w eek and
$841,082,673 th e o o rresp oru lin g w eek o f last y ea r.
cmAum&m,
B-eiurm bp tetegr^pk.
Slew York.
wmwmphi* ._ .* * * „„
'Bs&timme ,...........
G
htesm
go *****.«»„*....
St Leal* ... . .. . . . . . . . .
Hew 0fi«aai*. .. . . . ...
Bmm elite*, 5 day*
Otlwr elites, s day*.,......*.
Total all fsinm, 5 day* ..
Ali cities, 1 day ...............
T& m -emm for w«ek.
$M
Wmk BnMm August H,
mct.
M0S.4» . 57
S
“;n n , 7 7
.i
#0 1 .3«'5
,Z 7
H.aui:.«a
T2 1 ,»73
A H
2L407,’l 8
4741.309
,
»8*9,l*l,S»l
133,718.341
**73.834,518
184.019,273
*t.tS«.857.8M
NO. 1,677.
1890
Per 1 ,ni
*393 702.31
,
?
+ i? i
0 0*7.730
X
-f vt’
a
+1
2-7
41.574.435
- 41*0
10,084.983
+19 1
00,830,783
+ 10
*0
1 . 458,015
8
—1 *9
4
5,575.200
*304.345,353 * +40-9
“
113,840,027
8-187
+J7
-8
5705.995,379
+37*2
134,087,304
+27*
3*3
* 241 082.87,i
,
T he fu ll details o f cle a rin g s for the w eek co v e re d bv the
above sta te m e n t w ill be giv en n ex t S a tu rd ay . W e ca n n ot,
o f co u rse , fu rn ish th e m t o d a y , bank cle a rin g s b ein g m ade
up by th e various cle a rin g houses at n oon on S a tu rd a y , and
h enoe in th e a b o v e th e la st tw en ty *fou r h ou rs o f th e w eek
have to be in all oases e stim a ted , as we g o to press F rid a y nigh t.
W e p resen t b e lo w o u r usual detailed figures fo r th e previoua week, co v e r in g th e returns for the period en d in g w ith
Saturday’ n oo n , Aug, ?, and th e results for th e corresp on d in g
week in 1896, 1898 a nd 1894 are also g iv e n . C on trasted with
th e p re ce d in g w eek , th e re is an Increase in th e a g g reg a te
ex ch a n g e s o f n early o> e h a od rerd and fifty -six m illion
dollars, and a t N ew Y o rk a lon e the gain is n in ety-th ree
m illion s, in co m p a rison w ith th e week o f 18«« the tota l
for the w hole c o u n t r y show s an increase o f 33 0 per cen t,
co m p a re d w ith th e w eek o f 1895 the cu rre n t return s record
a g u n o f 3 t '5 per c e n t, and th e excess o v e r 1894 is 65-3 per
oen t. O utside o f N ew Y o rk th e ex oe-s ov er 1890 is 18-7 per
cen t. T n » in crease over 1895 reach es 13 9 per c e n t, and m akin g
o o m p a n s o o w ith i8 9 i the gain i* seen to be 33 0 per oen t.
Portland............
Lot Atutol*.,......
Tsooms.... .......
SMUl*.......... .
Sfoksno.,.......... .
Fareo. ............
Stmix Falla.......
Total Pacific....
citr.
MtlU B E lU
U H K ff..
iseo.
lays
W )8
a®#*
718 011.687
«MStt,784
18 7 <*.*13
1V235 Im
lo'bbolsw
11.8 -3.256
w
S S i
»->? wo
650.517
a ^ 'lw
___ 841*400
SOJ,715.535 "
102.715 417
i a46.w*
ms
as
8Uto,a
«m r
*08 053,607
+sa-s
1-212,608
l»?3 907
L210,701
624,275
UW7.3Mi
174.SU
872.454
___ 459M
(M
m jm A m
VMSJ.SiO
h tV i
V0.#4fl,S0O
i-.y:,e.xto
100,496,001
-9-4*7
f74».aea
L an e i*
}-607.875
7 m 217
m
723,028
7m .m
-182 7*0
2S’ 97ll
U M
*41,7.1-
is
'-*47 <48
iafl/jfts vio
im w
l 64V.7W
l.Sln Kin
LAW I
.:,.*
I3V.SS
S i}"
.
tn,mt,
ISAEO
ta .m
17,075 278
2610,474
lioV.765
1.001,603
if
sa
^g
019,700
28 800,777
25 407*050
d 180 667
7.267.506
L904.U50
H oa atoa .... . . . . . . . . .
2.860 6*0
Rlchtnond..........
Mera phi*......... .
AUanfea..............
Dal fas.........
1.218.168
1.081,5 04
S n Y a n n a h .... . . . . . .
W a c o ........ .
.......
Fort Worth..........
A a g o s t a .... . . . . . . ..
B ir m in g h a m ........
Kri'ixvllle,.............
u n tie R o c k .,,........
.Tack^onYllle,.., .. .
110 817.831
4 810
1.’ 76 4,1
1.0),7M
W J*
6?s,<««4
■riffiuu.
Frenaoat..
n**ti nm..
Tot. other We*t.
M aehrlUe..
U lM l
U544.740
Anmm.
N orfolk............
359-522
343,404
236,800
a,101 ___ 130,276
f
1W
S
r.\7.m*
Topeka.
St, L o o !* ...,
80,770,841
WA
tS
-1
j lS m »
»."IL 1 >
_ja»
+231
8tnp»aC**.‘ !
.
Dourer...»...
DaYenport....
Jm ‘
Mew Orleaa*,.......
Lon Irrill©..
GalTeuton...........
1894.
i.fso.m
l.» 0*1.000
yin
i n
26* 457
625,000
424,288
2&A.iW
408 643
220.861
177 .115
309,43ft
S t
s:«
6v»*ft.484
MM.850!
1-800.0 0
u n i si?
2 m.28 i
21,798,377
6 630,437
5.158 845
1,529,873
~2n
l®
4-81*6
1,111.480
w
781,710
811.142
2/2,907
472.300
376.281
995.279
381.483
245.112
257.218
214,07.4
48.703,840 “
m
849.000
SB
—
1*7
-fin
-tn
—
81*1
255,908
386^8
274,-77
__24 *,506
341,474
187,376
45.451.543
+34*7
48.845,379
Total Southern.. SI 607,018
L181.301,108 89T.82l.567 _
000,500.781 702.022,887
Total all......
Outside N. York.
^W usium ' + 18*7 410,2*0,804 373,043,091
M o u tr e a l,,......,,.
U 655.600 10 397.000 4-12‘l
1 .7 917
0no. 93
. 5
0,151.711
0.08d.*0S
+8'7
Toronto.
# 8 ,4
1.526 « 7 i
1,621.0*3
FlailA ...........
1,662,354
Wlnnlreo..........
1.305 5<<7
-H8*9
66* #08
-0 4
on,m
Harolltou.,.,. .....
080,000
088 401
+5*5
Ft.Tohn..... .
TOUI Canada..,,
23.786.160
t» a
Vl.dB^OPIl
Chatt-anootm ............
252
THE CHRONICLE.
THE FINANCIAL SITUATION.
The salient features of the week have been the much
higher prices for wheat, higher rates for money, lower
rates for foreign exchange, increasing railroad earn
ings and a strong stock market. These features ac
count for the buoyant feeling prevailing, and, with
business on all sides becoming more active, show a
sound basis for the belief that the present good cheer
is not a transient sentiment but the effect of a real
and substantial progress. There can be no doubt that
the railroads this season will be taxed to their fullest
capacity to carry the traffic which will be offered, and
that there will be a free movement of freight, west
bound as well as east bound. This latter statement is an
assured inference because the crops are heavy, prices
are high and the profits consequently are large, and
large profits necessarily will be followed by large pur
chases of commodities by those who secure these good
returns for their products. That is a reasonable con
clusion and an invariable result of conditions such as
exist to-day, the more likely this year because of the
severe economies of past seasons.
Wheat has advanced rapidly and materially. Under
excitement the advance may be carried too far and
be overdone; if so, the result would work harm to all
interests affected. We have a large crop to sell. Piling
it up in sight would be an unsafe expedient— one we
have tried several times in the past and lost money at
it every time. September wheat closed Wednesday at
88$ cents a bushel. Ou Thursday September sold at
90$, closing at 89$ cents. Yesterday the price for
September closed at 88 cents. Cash wheat at the
same time was quoted on Wednesday 94$ cents, on
Thursday 96 cents, on Friday 94$ cents. It appears
that reports of the shortage in Europe are in
terpreted as showing a larger deficiency in
stead of smaller than the early accounts made
it.
The latest information seems to put beyond
question that Austro-Hungary and France instead
of being in the ranks of exporters, this year will need to
import a good deal of wheat, and that Russia’s contri
bution to Europe’s wants will be materially less than
usual, while supplies from India and Argentina will
be lacking.
Crop news in the United States the
current week is better all round— East as well as
West.
Even the reports with regard to corn are
greatly improved. Our latest telegrams with refer
ence to the cotton condition would indicate that the
situation is somewhat spotted, but on the whole more
promising. It should be said, however, that at this
period of the year it is always especially difficult to get
exact information with reference to this staple. No
doubt drought has done harm in parts of Texas and
Arkansas and Oklahoma as well as in smaller sections
elsewhere, though this week’s rains have relieved the
situation somewhat.
The report of the Agricultural Bureau at Washing
ton, issued on Tuesday, now makes the outlook for all
the leading crops, with one exception, better than at
the corresponding date last year. This is quite a
change from the situation last month, but as noted in
our issue of the 17th ultimo the weather in July
last year was generally unfavorable for the crops, and
as a consequence there was a large decline in condi
tion then, excepting only in the case of corn. This
year the weather was much more propitious, and
while in one or two instances the averages of condition
have declined from the figures in July, the falling off
[V L LXV.
O.
has been small as compared with that of last year
during the same period. Thus spring wheat is reported
4'5 points lower than in July, making it 86-7 now,
but this latter compares with only 78-9 in August
1896. The average for oats, too, has been lowered a
little during the month, but stands nevertheless at 86,
against 77-3 last year. For cotton the average has
been raised a trifle, and at 86-9 compares with 80’1
in August 1896. The condition of corn, too, has
improved somewhat, but in this case the average falls
nearly a dozen points behind that of last year, being
84-2, against 96. There can be no doubt, however,
that the crop—barring an early frost— will be a large
one, even if it should fail to reach the exceptional
proportions of the crops of 1896 and 1895. In the
two States regarding which there has been the most
talk of damage, namely Kansas and Nebraska, the
condition is put respectively at 70 and at 84. This
shows that the reports of damage were in both cases
exaggerated, for even at 70 the promise is for a
crop of considerable size in Kansas. A com
parison with previous years of the com averages
for the leading producing states is printed on page 289
of to-day’s issue. With respect to wheat, in which
interest so strongly centres at the moment, the
Bureau’ s figures are calculated to mean a total crop of
winter and spring wheat of 450 million bushels. It is a
striking commentary on the reliance placed on these
Bureau indications of the yield that private estimates
of well-informed parties fix the yield fully 100 million
bushels larger. Be the yield what it may, the world
will need every bushel of it.
The iron trade is not lagging behind other indus
tries in manifesting signs of a changed state
of things.
It may be questioned whether in
the present revival wheat rather than iron has not
been the true barometer of the industrial situation,
but at all events the iron trade is giving evidence that
it, too, is feeling the passing away of the low pressure
area. Prices for iron and steel do not as yet show any
considerable improvement, but the tone is getting to be
quite confident and inquiries as well as purchases are
on an increasing scale. The monthly record, too, of the
“ Iron Age” of this city shows that iron production is
again on the increase.
The Age reports 152 furnaces
in blast August 1 against only 145 July 1, and the ca
pacity of the active furnaces is now 165,378 gross tons
per week against 164,064 tons a month ago.
But the
most satisfactory feature is that stocks of iron have at
length begun to decline.
The “ Age ” gives the
amount of the stocks, sold and unsold, for August 1
only 933,958 tons, against 1,004,612 tons July 1 and
1,050,252 tons June 1.
Perhaps the best evidence of the improvement in the
railroad situation which has occurred and the hopeful
view of the future entertained by railroad managers
is furnished in the way in which one company after
another is finding it possible and prudent to enlarge
its dividend distribution or to re-enter the dividend
ranks. We have referred to a number of instances of
this kind recently, and this week we have had another
addition to the list. The Canadian Pacific, after
having paid in October 1896 and in April 1897 semi-an
nual dividends of only 1 per cent, has now de
clared a dividend of 1$ per cent, payable next
October.
According to the company’ s returns
of earnings this increase in distribution is fully
justified.
On the operations of 1896 the company
earned according to the rigid methods of accounting
A ugust 14, 1897. j
THE CHEONICLE.
now practiced by the management somewhat over two
per cent for the stock. The present year earnings
have been increasing very fast. For the six months
to June 30 the addition to the gross has been $561,041, and the most striking feature connected with
this growth in revenues is that it has been attended
by an augmentation of only 82,785 in expenses, so that
the improvement in the net has been almost as large
in amount as in the gross, the exact figures of increase
being $558,256. Moreover the gains are still going
on, the statement of the gross for July showing an in
crease of $302,425: the result as to the net for this
month will not, of course, be known for some time.
A word of cantion against indiscriminate buying of
stocks on the Stock Exchange seems not out of place
at the moment. Now that the better class of share
properties have had a very substantial rise, the “ cats
and dogs” are being trotted out, and the speculation
is so broad and the feeling so confident that it seems
possible to find a market for almost anything. The
feature this week lias been the way a number o f lowpriced shares have been taken up, one after another,
and their prices advanced in a few hours to two or three
times the original quotation. Some of these stocks have
heavy assessments hanging over them, others repre
sent properties in receivers’ hands where it can not
even be knowu whether on reorganization the equity
of the stock will be recognized, and still others have
absolutely no value whatever. In illustration of this
latter statement we may refer to the dealings in A t
lantic A Pacific stock. This stock suddenly became
active on Thursday, and in a short time the price rose
from | to 1.1, the aggregate sales for the day reaching
6,000 shares. The price subsequently dropped back to
but yesterday 2,125 more shares were disposed of
at |@ |. What attracts attention to this stock is that
the property of the old Atlantic & Pacific (Western
division) has been foreclosed and been acquired by the
Atchison, which now operates it, and the equity of the
stock in it has consequently been wiped out. The
buyers of the stock, therefore, are buying a thing with
out value. And this should be a warning against pur
chasing stocks without first making an investigation
as to their merits. The mere fact that a stock is still
ing at a low price is no evidence that it is a good
purchase. It may, as in this instance, be valueless,
and thus be dear at any price.
Money on call, representing bankers’ balances, has
loaned generally at 1 to I) per cent at the Stock Ex
change this week, with rather larger transactions at J)
than was the case last week, but the average has been
about H per cent. Hanks and trust companies marked
up their rate- to 1|fn 14 per cent early in the week, and
they have maintained thorn. The development of a
better inquiry for time money early in the week re
sulted in an advance in rates on good Stock Exchange
collateral to 2@24 per cent for sixty days, 2|<&,3 per
cent for ninety days, 3 per cent for four and 34 per cent
for five to six months. At these figures there was a
fairly good business done, the foreign bankers placing
comparatively large amounts, the proceeds of sixty to
ninety day bills sold in anticipation of covering with
grain or cotton drafts, or both. The advance in rates for
money on time tended to make those for commercial
paper firmer. Brokers reported thit while there was
a slight increase in the offerings the demand was
only moderate, and the principal business was
done at 4 per cent as the lowest.
Quotations
are
per cent for sixty to ninety day
253
endorsed bills receivable : 3 f@ 4 ) per cent for first
class and 44@3 per cent for good four to six months
single names. Banks having the largest correspon
dence with the interior repoid very encouraging busi
ness conditions in the South and "West, and a move
ment of money to those sections, some of which is in
response to re-discounts, wdiile other amounts are sent
directly for crop purposes. It is thought likely that
this week’s statement will show a somewhat larger
movement of currency to the interior.
The assassination of Canovas del Castillo, Prime
Minister of Spain, which occurred on Sunday, had
somewhat of a disturbing effect upon the European
financial markets on Monday, but the excitement soon
subsided. The London discount market was subse
quently influenced by prospects of gold exports toNew York later in the season, and this had
some effect upon the
security market.
The
Bank
of
England
minimum rate of dis
count remains
unchanged
at 2
per cent.
The cable reports discounts of sixty to ninety
day bank bills in London 14 per cent. The ■open
market rate at Paris is 1$ per cent and at Berlin and
Frankfort it is 2f per cent. According to our special
cable from London the Bank of England lost £366,778 bullion during the week and held £35,619,530 at
the close of the week. Our correspondent further ad
vises us that the loss was due to the export of £273,000 (of which £253,000 were bars sold in the open
market and £20,000 shipped to Malta) and £168.000 net
sent to the interior of Great Britain and £74,000 im
ported from Australia.
The foreign exchange market has been weak and
declining, influenced by free deliveries of commercial
bills on contract, by offerings of bankers’ sixty and
ninety day sterling in anticipation of covering with
grain or cotton bills, and by a comparatively light de
mand. Spot drafts against grain were reported somewhat
scarce owing to the delay in shipping, and from other
causes. The selling pressure relaxed on Wednesday,
causing the market to close a trifle steadier for the
first time since the decline began on August 2. Com
paring nominal rates ruling at the opening on that
date with those of yesterday, August 13, there has
been a decline of 24 cents in sixty day and o f
14 in sight, the
adder difference
between
long and short being partly
accounted
for
by dearer discounts
in London and partly
by the relatively greater pressure of long bills. Com
paring rates for acta d business July 31 with those on
August 13 there has been a fall of 2f cents in long and
of i-| cents in short and in cable transfers. On Thurs
day the movement was irregular, with some indications
of still lower rates, especially for long sterling. Yes
terday the market continued weak at irregular de
clines for actual business. The range for nominal
rates on Monday was from 4 851 to 4 80) for
sixty day and from 4 87 to 4 874 for sight.
On
Tuesday the range was from 4 84) to 4 86) for the
former and from 4 86) to 4 87) for the latter. On
Wednesday and Thursday the range was from 4 84) to
4 85) for sixty-day and from 4 86) to 4 87 for sight.
Yesterday the range was 4 84)@ 4 85 for sixty days and
4 86)@4 87 for sight. On Monday the market opened
weak, with rates for actual business half a cent lower
for long and short, compared with the close on Friday
of last week, at 4 84)@J 84J for the former and
4 85|@4 86 for the latter, while cable transfers were
off one-quarter of a cent at 4 86)@ 4 86). On
THE CHKONIOLE.
254
Tuesday there was a further decline of half a cent
for long, to 4 84@4 841, and of a quarter of a cent for
short and for cable transfers, to 4 85i@ 4 85J for the
former and 4 86@4 861- for the latter. No change
was made in rates for sterling on Wednesday, but
francs and marks were lower. On Thursday the mar
ket closed easy in’ tone at unchanged rates for actual
business. Yesterday there were further declines of
one-half cent in long and one-quarter cent in cable
transfers, making the rates 4 831@4 83f for long,
4 854@4 85J for short and 4 85f@ 4 80 for cable trans
fers.
There has been some talk of gold imports
from Europe based upon prospectively lower prices for
sterling, but bankers regard such imports improbable
until sight exchange falls to 4 83£@4 84. The fol
lowing shows the daily posted rates for exchange by
some of the leading drawers.
IAAILY I'OSTKD KATES FOB FOBEION EXCHANGE.
Fr i
A u g. 6
Brown Bros........
Sight..
60 days.
Sight...
60 days.
! Sight.. .
60 days.
Sight60 day8.
Sight....
60 days
•Sight....
i 60 days,
Lazard Freres... f Sight....
Merchants’ Bk. S60 days.
1 Sight....
o f Canada..
Baring.
Magonn & Co..
Bank British
No. America..
Bank of
M ontreal.........
Canadian Bank
o f Commerce..
Heidelbach, Ickelheimer A Co.
w = - . . Taira.,
FBI..
Mo n .. TU£5..
Aug. 9. Aug. 10. Aug. 11. Aug. 12. Aug. 13.
86
87
80*
67*
86
87
66*
87*
86*
87*
86*
87*
86*
87*
87
88
?6*
87
80*
87*
86*
87
80*
87*
66*
87*
85*
87
So*
87
C
G
87
84*
86*
86*
87*
85
86*
85*
87
86
87
85
86*
86
86*
’ 86
87
84*
86*
85
87
85
86*
85*
87
65*
87
85
86*
85
80*
84*
86*
85
87
S i*
86*
85
86*
85
86*
84*
86*
85
86*
85
86*
84*
86*
85
S7
85
86*
85*
87
85*
87
85
86*
85
86*
85*
87
m
ri
The market closed weak on Friday with the range
for nominal rates 4 844 to 4 85 for sixty-day and
4 86£ to 4 87 for sight. Kates for actual business were
4 83£@4 83J for long; 4 85£@4 85f for short and 4 85f
@ 4 86 for cable transfers. Prime commercial bills
were 4 83@4 83£ and documentary 4 82£@4 82J.
The following statement gives the week’s movements
<of money to and from the interior by the New York
banks.
Received by Skipped b y
V, T . Banks. N. Y . Banks.
T
W eek Ending August. 13, 1897.
N et Interior
Movement.
$3,569,000
292,000
$950,000
5.000
$3,861,000
Total gold and legal tend ers___
$2,619,000 Gain.
287,000 Gain.
$2,906,000 Gain.
$955,001
With the Sub-Treasury operations the result is as
follows.
W eek Ending August 13. 1897.
Into
Banks.
B acks’ Interior *novemont,a8 above
Sub-Treasury operations....................
$3,861,000
14,900.000
Out o f
B mks.
N et Change in
B ink Holdings.
$2,906,000 Gain. - 955. < 0
>
16,000,000 Loss. 1,100.000
Total gold and legal tenders........ $18,761,000 $18,9u6,0()(): Loss.
$145,OnO
The following table indicates the amount of bullion
in the principal European banks this week and at the
corresponding date last year.
A u gu st 12, 1897.
B a n k <rf
Sold.
| Silver. | Total.
£
|
£
Bn gland......... 85.619 630
France-------81.260 636 49.005 425
G erm any*. . . . 28.600.000 14.783.t00
AusL-Hung'y 37.013.000 12.55*0,000
Spain...........
9.012.000 10,430,000
2.632.000 6,895,000
Netherlands.
Nat.Relglum*
2,805,383 1.132,667
A u su et 13, 1896.
GoId.
Silver.
Total
£
£
£
£
35.619.530 47,138.600
47.138,60'
130.265,931 82,971.5*9 50,093.122 133,064,671
43.3J3.000 30,310,U00 15,3:i0.000 45,610,000
60,212.000 27.872.000 12 888.000 40,7*1
0,0* 0
19,412,000
8.406.000 10.9 <0,0< 0 10,398 0<K
9,527,000
2.634.000 6 S31,0< 0 9,515.0< i
4,2 8 000
2.701.000 1.862,000
4 056.0
T ot.tbls week W7.H02.3-B P5.O05 0«2 292,697.101 202.036.U9 97.534.122 299,570,271
T o t. prev.w-k 197.039.4B5 95.316.024 202.384.619 201 ,004,625 P8.187,011 300.151.660
'T h e division (between Bold and silverl given in our table ofooln
and bullion In tbo Bank of Germany and the Bank of Belgium is made
from tlio beat estimate we are able to obtain; in neither case is it
•Claimed to be aoourate, as those banks make no disUnotl in in their
•weekly returns, merely reporting the total gold and silver, hut wo be
lieve the division wo make is a olose approximation.
N o t e .— Wereoelve the foregoing results weekly by oable, and while
not all of the date given at the head of the column, they are the re
sume Issued noarest to that date—that is, the latest reported iignres.
JVOL. L X V
FALL I N SILVER AND ITS RELATION TO
GOLD PRODUCTION.
Two changes, perhaps the most conspicuous affect
ing industrial affairs in action to-day, are the marked
decline in the value of silver and the marvelous
increase in the production of gold. One can hardly
think of these movements without bringing them
together as different parts of a single operation. It
seems almost as if the two metals, by some natural
law or some inherent power, were themselves active
in working out a problem about which the inhabitants
of the world have for years been at odds. The results
at least we know; that in the course of events gold
production is so rapidly increasing as to ensure for the
uses of commerce double its old stock within a very few
years, giving promise of an abundant supply for all cur
rency wants of all nations as year by year they shall range
themselves under the gold standard as in the end they
all inevitably will; this, we say, is inevitable, not only
because of this enlarged body of gold ready for use,
hut because silver is necessarily and notoriously
becoming daily more and more unsuited to occupy
that field other than for subsidiary purposes.
Japan, while doing for itself what was obviously its
interest to do, unintentionally dealt the hardest blow
to silver that metal ever received, by fixing attention
upon certain misconceptions widely misleading. Its
action was the voluntary action of one of those East
ern nations which we have been told were getting rich
through their silver currency, and particularly out of
the United States, and told this so long and so often
that the public were almost made to believe it was true.
Yet that wide-awake, jirogressive Eastern people
threw to the winds these imaginary profits and at
great cost enrolled itself among the gold nations of
the earth.
India’s suspension of coinage exerted
much less moral influence because it was in reality the
action of Great Britain.
It did not take India out of
the silver market or change the sentiment of the peo
ple towards that metal. On the other hand, Japan’ s
action, as we have said, was voluntary.
Then again,
what was of even greater* influence, it brought out
clearly the situation of all the governments which
have adopted the gold standard in recent years. It
plainly fixed the fact upon public attention that Japan
had silver to sell and clearly fixed the price at which it
would sell it. So plainly did it say this that, the world’s
market for silver at oneb took the hint and realized the
exact situation the meial was in there and elsewhere .
Japan established a ratio of 32-348 to one (equivalent
to 29 3-1 Cd. for silver per ounce in London), at which
six months after notice it would redeem its silver dol
lars ; in the meantime they were to remain a legal
tender.
What did this action by Japan mean? It meant
that Japan was going to realize on its silver currency.
It was going to redeejn it, and as that country was not
rich enough to hold so much floating capital idle it
must recoup itself by selling its redeemed silver as
bullion. What kind1 evidence did the world give of
of
the interpretation it put upon this action ? Most ob
vious and convincing evidence. On Saturday, the
27th of February, the quotation for silver in London
was 29 ll-16 d., just -£d. above Japan’s selling price;
Monday, the first diy of March, on receipt by cable of
the announcement of the adoption of the scheme by
Japan the price at 6nce fell to 29§-d. and kept on de
clining day by day, reaching the upset price of Japan,
A ugust 14, 1897 J
THE CHRONICLE
29 3-l6d., on Thursday March 11th, and on Saturday,
March 18, 29 1-1 fid., and on Tuesday, March 16th, it
had gotten down to 28fd .; since then the market has
merer, except temporarily, stopped the decline which
began on that fatal Monday, bnt has Kept up the
movement at a quickening pace, the quotation reach
ing last Friday, August 6th, 25§d., and this week,
Tuesday. August 10, 25|d. Was there ever a com
mercial event that wrote its character upon the face
of affairs more indelibly than this has done?
These facts and transactions are moreover a proph
ecy as well as an immediate depressing influence.
Thev expose a weighty truth and foretell that the
worst has not come yet. Silver is this time going low
enough to materially stop production. .Japan’s action,
as we have said, has opened the eyes of the world to
the situation. It has been not exactly a disclosure,
for the facts were already known but not heeded; it
was an emphatic and therefore a startling announce
ment, the setting up of a danger signal which no ob
server could avoid noticing.
It said plainly that
nearly every nation in the world except Groat Britain
had, just like Japan, an old stock of silver to sell, the
only difference being that the others conld perhaps
hold it longer because richer; but confidence iti
the stability of the metal has now been so utterly de
stroyed that should the price go materially higher
every one of them would be in the market as sellers.
We have many times called attention to this threaten
ing and developing agency: the I860 experience of
this country proved its character, and every new State
that has since entered the ranks of the gold nations
has added to its gravity. No one need- to urge ii
now; the fact is patent to the whole world. France is
holding a mass o f silver, a very large stock of it in
sight that cannot be kept in circulation, and must at
some time get relief. In much the same shape are
the other Latin nations; Germany has a considerable
stock, which until sold is a harden ; Austria another :
indeed the world is full of these old accumulated
heaps out of use waiting to be converted.
The Eastern world, too, is getting restive. The late
plague did more to remove the hallucination in India
with reference to silver than any previous event has
done. When the people, in their want, weighed down by
famine and sickness, brought their silver trinkets for
sale, they were startled to find how little they received
for them. It has been stated that this revelation was
one, and not the least, among the many influences
which have caused the unrest that is now so promi
nent a feature among the people of India. Whether
that be true or not India will not always remain in
ignorance. A further notable fact is that China is
taking almost no silver this year. The Chinese do not
learn fast; but the action of so near a neighbor as
Japan, one with whom China has just been at war and
been impressed through the event of that war with the
great advantages the adoption of Western ideas gave
Japan—a nation, too, with which China’s commerce is
at so many points in touch, the Japanese silver dollars
having always been circulated in China in large num
ber-— the action of such a nation cannot hut be known,
felt, and, sooner or later, followed. It is reasonable to
believe that it is having an influence already.
We might go on suggesting other facts confirming
the truth already brought out, that the use of silver
as a standard for exchanges 1v any nation cannot be
continued much longer. Enough, though, has been
said on that point—enough to show the peculiar
2ho
timeliness of the large increases in the production of
gold and to make it evident that at this juncture
every new producer of that metal is a harbinger of de
cided benefits to the world’s commerce. We have
never been among the number who have claimed that
there was an abundance of gold in sto.ck to supply a
currency basis for all countries and carry on smoothly
and comfortably the world’s exchanges. The larger
stocks of the metal the banks hold, generally cited
as proving abundance, are merely accumulations made
to safeguard themselves and the trade centres they
act. for against the added dangers and difficulties the
new situation has introduced; that this is true the
extreme nervousness they feel and show over the loss
and even the mere prospect of the loss of a few
pounds sterling, and the premium they put upon gold
to stay its outflow or to draw it towards them are the
best evidence; such conditions and acts are by no
means indications of plenty but the clearest proof of
scarcity and want. As we said on a former occasion,
one might just as reasonably cite Joseph’s stores of
wheat in Egypt collected through a fear of famine as
a sign of profusion, as to cite in proof of that condi
tion these stocks of gold in bank, collected, retained
and when possible increased, in response to the added
strain the new condition of things lias put upon com
merce.
Under all these circumstances nothing conld be
more gratifying than the large additions to the annual
supplies of gold which the production of recent years
has brought in sight. It is a very satisfactory fea
ture, too, just when silver was declining so rapidly,
taking away every hope of any permanent use being
made of that metal in any country except for subsiddiary coins, that Alaska, as a substantially new source
of supply, should suddenly assume prominence,
while all the old producers likewise should give
fresh and undoubted evidence of an increased
yield.
A fact of interest and worth citing
in connection with the discoveries in Alaska is
that 1887 was the first, year any record was made
of Africa’s production, and then it reached only
28,754 ounces; even in 1890 the total output of that
source of supply was less than a half a million ounces.
Only five years later, however, in 1895, the product
had expanded to 2,115,138 ounces; in 1890 the devel
opment was curtailed for well-known reasons, and
hence the increase was small, the total product aggre
gating only 2,155,384ounces. That was though merely
a temporary set-back; the current year, if the same
rate of progress is continued as has been made the first
six months, the total output will be about 2,050,000
ounces or an increase over the previous year of about
500,000 ounce- , or expressed in value $10,335,000, bring
ing the total of Africa’s product up to 854.775,000.
But leaving out of consideration any great addi
tional development in Alaska and taking as a guide
the simple progress of recent years, and especially the
large promise of this year from the old sources of sup
ply, even this gives a result which is truly surprising.
The dimensions of the recent growth can be stitdied
better if we consider the totals for the whole world,
for the increased production which has yielded this
larger supply has been shared in by almost every goldproducing country. It began, say, in 1891. In the
previous year. 1.890, if we use the Mint report totals,
the ounces were 5,749,30(5, valued at 8118,848,700 j
in 1891 the ounces had risen to 0,320.194, valued at
8130,050,000; in 1895 the ounces were 0,694,640,
THK
256
' HROM CLE
■valued at $200,406,000; while in L896 our own compila
tion made in January (the M in t figures are not out yet)
gave the ounces at 10,101,497, valued at $ 2 1 0 ,1 1 8 ,8 4 9 ;
If one were to attempt an estimate according to
present promise for 1897, a much larger increase than
in 1890 would Jje authorized; a fair total would, we
think, be $250,000,000.
We need not say that these figures indicate a progress
which is far beyond anticipation. Before 1891 there had
been substantially no growth, and the public had settled
down to a belief that there was to be none. Begin
ning with 1871 and ending with 1890, very little
change is noticeable. Aggregating the production of
those years into five-year cycles, the last of them,
1886 to 1890, both years inclusive, reached only about
27 million ounces for the five years (or an annual aver
age of 5.1 million ounces), and this compares with
about 244 million ounces (or an annual average of
about 5 million ounces) for the five years ending
with 1885, and 25 million ounces (or an annual
average of about 5 million ounces) for the five years
ending with 1875; but coming down to the five years
ending with 1895 the total of ounces has risen to over
39 million.
In the following we give the ounces
and values in dollars for each five-year period to
1890, inclusive, with the percentages of increase or de
crease, and following these add the subsequent years
singly, with the same details. We add to the table
imilar facts for the year 1897, reminding the reader
that they are of course estimates based, though, on
considerable knowledge of the results for the first six
months of the year.
.--------------- -------------------- Y i e l d . ------------------------------------.
Annual
P er cen t o f
O u n ces.
D o lla r s .
a verage.
D ie . o r D ec.
T ears.
8 7 1 - 7 5 ................ 2 4 , 9 4 2 , 2 9 7
5 1 5 ,6 0 4 ,0 0 0
1 8 7 6 8 0 ................... 2 6 , 7 0 0 , 8 5 2
5 5 1 ,9 5 5 ,6 0 0
1 1 0 ,3 9 1 ,1 2 0
In c.
71
1 8 8 1 - 8 5 ................. 2 4 , 6 9 9 , 1 5 7
5 1 0 ,5 7 6 ,9 0 0
1 0 2 ,1 1 5 ,3 8 0
D ec,
7 5
$ 1 0 3 ,1 2 0 ,8 0 0
....................
1 8 8 6 - 9 0 .................. 2 7 , 3 0 6 , 4 1 1
5 6 4 ,4 7 3 ,6 0 0
1 1 2 ,8 9 1 ,7 2 0
rn e.
10 5
1891
...........
6 ,3 2 0 ,1 9 4
1 3 0 ,6 5 0 ,0 0 0
1 3 0 ,6 5 0 .0 0 0
In c.
99
1892
...........
7 ,0 9 4 ,2 6 6
1 4 6 ,6 5 1 ,5 0 0
1 4 6 ,6 5 1 ,5 0 0
I n c . 1 2 -2
1 8 9 3 .........................
7 ,6 1 8 ,8 1 1
1 5 7 ,4 9 1 ,8 0 0
1 5 7 ,4 9 4 ,8 0 0
In c.
1894
...........
8 ,7 8 3 ,3 4 2
1 8 1 ,5 6 7 ,8 0 0
1 8 1 ,5 6 7 ,8 0 0
In c. 1 5 3
1895
...........
9 ,6 9 4 ,6 4 0
2 0 0 ,4 0 6 ,0 0 0
In o. 1 0 4
1896
........... 1 0 , 1 6 4 , 4 9 7
1 8 9 7 (eatm ’d ) . 1 2 ,0 9 3 ,7 7 0
2 0 0 ,4 0 6 ,0 0 0
2 1 0 ,1 1 8 ,3 4 9 '
2 O.OOO.OQO
7 -4
2 1 0 ,1 1 8 ,3 4 9
In c.
2 5 0 ,0 0 0 ,0 0 0
Inc. 18 9
4 -9
N o t e — P ercentages ab o ve are reckoner! on the p reviou s yea r’s yield
o r du rin g liv e-y ear p eriods o n the an n u al average.
The foregoing statement shows highly gratifying con
ditions— especially gratifying to those who know and feel
the benefits of a currency the world over based on the
same standard. Even if there was to be no increase
after 1897, four years of the production of that year
would add to the world’s stock of gold one thousand
millions of dollars, less the consumption. The Director
of the Mint in his last statement made the world’s an
nual consumption a little over 58 million dollars. Con
sequently if we assume the annual increase in produc
tion hereafter will average only sufficient to take care
of the consumption, for the four years the world would
add to its old stock (heretofore estimated at four
thousand million dollars) one-quarter of that amount.
Does not that statement give the promise of solving
many difficulties which, have vexed commercial classes
ever since 1873. Yet the promise just now is that the
annual increase in future years will be much larger
than we have assumed.
CUBA AND THE DEATH OF CAHOY AS.
The first and unanimous sentiment among those
-who received the news of last Sunday’s assassination
of the Spanish Premier, Canovas del Castillo, was
horror aud indignation at the deed. This murder was
I
[Vdl. uxv.
similar, as respects its wanton wickedness, to the mur
der of President Carnot on June 24 1894. The as
sassin did not even, like the murderer of Alexander
II ., pretend .to voice the protest of a portion of so
ciety against distinct wrongs and cruelties of the
Government. As in the murder of the President of
the French Republic, the act was nothing - ut a piece
of desperate defiance of government itself.
But the assassination of a ruler never accomplishes
the pretended purposes of the agitators. Usually it
defeats them. If the murdered sovereign, president
or minister is a wise and upright statesman, there is
a considerable chance that the case of the aggrieved
subjects under his successor will be worse.
The
Nihilists of 1881, for instance, might quite as
well, so far as any actual advantage was con
cerned, have placed a bomb under their own
organization • as under the carriage of Alexan
der II. Booth’s act postponed for many years the
harmonious reconstruction of the South. As a rule,
the policy of repression, if any such policy existed be
forehand, will be redoubled after such an act. Society,
in short, draws together for the protection of its own
existence, and is sometimes not over-particular as to
the means employed to guarantee such protection.
Probably this will be the result in Spain. Whether
the home institutions which Canovas built up will
be shaken by his sudden removal from the scene is
perhaps worth a question; they will, however, certain
ly be less affected than if the Premier had died peace
fully. But it can hardly be doubted that his death
foreshadows radical change in Spain’s colonial relations.
Canovas stood for the maintenance of the Spanish
monarchy, for the retention of authority at Madrid,
and hence for firm resistance to the demands of Span
ish provinces for a larger voice in legislation, and of
the Spanish colonies for autonomy. In any other
modern State than Spain, he would have properly been,
styled a reactionist. It is open to question, however,
whether he did not judge the Spanish character better
even than his progressive countryman, Castelar. The
republic was tried in Spain, and was a dismal failure ;
it reduced the central Government to impotence, the
provinces to guerrilla warfare and the colonies to in
surrection. It was abandoned in 1875 by the resto
ration of the young king, and its abandonment was
greeted with a sigh of relief by all classes of lawabiding Spanish citizens. The Carlist insurrection in
the North was put down with a strong hand and Cuba
was pacified.
Beyond the point, however, of maintaining royal
authority, domestic peace, and the integrity of the
Spanish dominions, Canovas as a statesman accom
plished very little. He d d not succeed in checking
£
>
the tendency to public es travagance; under his government annual' expenses increased ten per cent b e tween 1878 and 1886. This is a tendency so general
in our times and apparen ly so completely out of the
control of any eontempoi ary public leader that Canovas cannot, perhaps, be ndividually criticized. Some
economies were introduced in more recent years, while
Canovas was out of office; hut the revenue fell with
them, and the annual defitit of $8,000,000 to $10,000,000
was continued. Two years ago, such was the increase
in the public debt 40 pel cent of the annual expendi ture consisted of interea on this fund.
Whether Canovas wasjor was not responsible for th e
continual shortage, he( was destined to suffer most
heavily from its consequences. The problem of the
A ugust 14 1897.J
THB (TETKONICLIi.
257
exchequer wa? the oust serious of all perplexities disapproval of the extreme policy of Canovas and
when Canovas was called to office to meet the Cuban Wevler. The responsibility of office sometimes en
crisis in the spring of 1895. From the Spanish point courages forgetfulness of criticism or promises made
of view he laced this crisis with great courage. in opposition; but in the present case the consistent
Against the odds of an almost bankrupt exchequer, a path seems also to be the only path possible.
It can hardly be supposed, however, that even the
guerrilla warfare in the colonic?, and the constant
possibility of a diplomatic breach with the United most pacific Spanish Ministry would begin by hinting
States, he pursued an undeviating policy, and achieved at Cuban independence. Spanish national pride is too
in the loan market, in politics at Madrid and in diplo keen and the losses already suffered in the contest are
macy at Washington, result? which had previously too great, to make possible any other result than indig
seemed impossible. But in the most important object nant rejection of such a plan by the Spanish legis
of a ll—the pacification of Cuba—he failed, and it is lators. IVhat is more probable is that the good offices
his very obvious failure there which throws so great of the United States—tendered both by the
doubt over the possibilities in the way of his suc McKinley and Cleveland administrations and re
jected by the Canovas Ministry—will now be
cessor.
That Spain has
It cannot be denied that the Cuban policy counte at least tentatively ae-opted.
nanced, if not contrived, by Canovas, was a policy of pursued the policy of controlling the trade of its col
little mercy, verging sometimes on barbarity. Gen onies and exacting tribute, direct or indirect, is ad
eral Weylers appointment to the Governor-General mitted by mo?t unbiased critics as a prime source of
ship over the head of the humane Martinez Campos the Cuban troubles. This, with the virtual exclusion
was at once accept'd as reflecting the Madrid Minis of native Cubans from the administration of the col
try's determination to starve out the island, to leave ony's finances, was an unquestionable grievance. As
it a waste if necessary, but at any cost to sappre--- the the London “ Economist” has pointed out, it was this
rebellion.
From a purely military point of view policy which lost Spain its American colonies on the
there were reasons for such policy.
Oatupo? and mainland, early in the century, and it might be added
Weyler had to deal, not with organized armies, that a similar policy, a century ago, cost Great Britain
but with guerrilla bands which would gather sud its American dependencies.
This policy, if it i- not to he entirely abandoned,
denly in the mountains, make a dash into tinenemy’s lines, then disperse into the wilderness before must apparently be modified in a very radical degree,
the royal troops could be fairly organized for battle. and the standing offer of the United States gives the
The kind of fighting which drove the Allies ant of opportunity. Our country ha? proved by its official
Spain in 1? 12 and which upset the plans of some of a c ts that it occupies a proper attitude of neutrality,
Napolenn’ - best marshals a century later has been but it has twice warned Spain that there must be some
employed by these colonial Spaniards against the limit to this war of devastation in our seas. Very few
Spanish regulars themselves.
It was impossible people in this country wish to see Cuba annexed to the
to defeat by force of arms and military tac United States, and the majority of thinking citizens
tics an antagonist who refused to grant a gen would look wit h great misgiving on its creation into
eral engagement, who had neither an organized an independent State. But that a very large measure
army nor a regular headquarters.
The policy of home rule must be granted hv Spain to the dissatis
• m
of starving the insurgent? into submission, of fied colony -• ■• -. under the circumstances, inevitable.
.O'1
-............ ........—-----------------1
destroying all possible sources of sBpplies, of suppress
ing alt attempts to arm or victual the guerrilla troops, ' m < At;o ,( VORTH WESTERN / V A YEAR
■
necessarily involved the policy of Waning productive
OF DEPRESSION.
agriculture on a great part of the island. It w h ?,
Peculiar interest attaches to the reports of our rail
however, the only policy, short of a treaty of peace road? now coining to hand for the lute fiscal year—in
with the insurgent leaders, which had any reasonable the case of most companies the year ending June 30>
prospect of success, and the proposals of the Spanish in the case of the Chicago & North Western the year
Government for peace on the basis of larger reforms in ending May 31. According to all accounts, the con
Cuban administration had already been rejected by ditions in the new year will bo in marked contrast
the Cubans.
frith those which prevailed in the late year. In this
What may be called the siege of Cuba was therefore latter period great depression was the ruling character
deliberately undertaken by Canovas. The policy was istic. Now the indications all point to a decided im
rigorously and consistently pursued, in the face of provement. But while in one sense the showing for
protest at homo against the enormous expense and of the late year reflects entirely the past, in another sense
protest abroad against the harsh military administra it is indicative of the future, showing what bright,
tion and against the ruin to Cuban trade. A year ago •
anticipations may reasonably bo entertained With re
conservative financial critics estimated the cost of the gard to the ensuing twelve months. In other words,
Cuban war to Spain at $5,000,900 monthly; it has in if a property has been able to do well under the trying
creased in cost since then. What this meant to an experience? and circumstances which have beset the
exchequer which has not been able during twenty railroad industry in the immediate past, its future
year# of peace to make both ends meet may be im may be looked forward to with entire confidence.
agined .
And it is this fact— that so many of our railroads
It may therefore reasonably be doubted whether have been able to present quite satisfactory exhibits un
any Spanish statesman would be willing, at this time, der such adverse conditions—that makes the outlook
to take on his shoulders th i enterprise which, even appear so hopeful for the roads now that the situ
with the skilful and resolute support of the late ation has changed. Memories are short, and many of
Premier, was apparently approaching collapse. In us have, no doubt, already forgotten what our carriers
fact, |f the Opposition are returned to power in the had to contend against during the late fiscal
Cortes, they have already publicly taken a position of year.
It is well to recall then that the twelve
2o8
THE CHR0N1 LE.
[V O L . L X V .
months ending May 31 cover the period of the silver question were asked, what accounted for the great loss
campaign and Presidential election last year when in freight tonnage noted above, amounting to 1,857,251
all our industries were stagnant and business tons, it would be natural to get the reply that a
in certain lines almost came to a standstill. This decrease in the movement of wheat formed the
of course means that there was a great con principal item in'it. But what are the real facts?
traction in the volume of business, that the Of the total decline of 1,857,251 tons, 1.792,526
interchange of commodities between the different tons was in the transportation of iron ore and other
sections was greatly diminished, and that, as a result, ores, leaving the net loss in all the other items of ton
railroad traffic and railroad earnings suffered a heavy nage only 64,725 tons. This great contraction in the
shrinkage.
With the triumph of the Sound-Money ore tonnage was due to the prostration of the iron
cause at the November elections, an immediate revival industry following upon the general depression in
came, but this was disappointing in that it was not business. The decrease in the wheat and flour ton
prolonged and that it did not assume the dimensions nage, it appears, amounted to only 5,404 tons, though
expected. Hence 1897 opened under rather gloomy besides this there was a decrease of 24,931 tons in the
surroundings. The tariff agitation in the later months oats tonnage and 50.420 tons in the transportation of
did not tend to relieve the situation, and thus it can be barley, making 80,755 tons in the three cereals to
truthfully declared that at no time during the period gether. This is equal roughly to a loss of 3 to 4 million
of twelve months which we are reviewing did the vol bushels, which is by no means a small item, and yet
how insignificant it appears alongside the shrinkage of
ume of trade or business reach normal proportions.
As far as the roads in the section of country trav over I f million tons in the ore traffic. The corn and
ersed by the Chicago & North Western are concerned, rye traffic, it is proper to say, increased 237,000 tons.
there was one other depressing circumstance, namely The differences in all the various other items of freight
a diminished wheat yield. We know that the grain netted a decrease of 29,749 tons.
With these facts before us, it is easy to venture
crops as a whole in the United States were very good
last year, as they had been the year before, but in the a guess as to the prospects for the current year. A
case of spring wheat there was a considerable shrink revival in trade and business such as now seems im
age in the section referred to. The yield in 1895 had minent will mean an important addition to both
been phenomenal; in 1896 it was good,?but not up to traffic and revenues. In the first place, it will assure
the exceptional production of the year previous. The a large augmentation in the ore and mineral traffic,
oats crop also fell behind that of 1895. The reduc which on the Chicago & North Western, as we have
At the same
tion in the wheat yield was of moment, not so much seen, is a not insignificant item.
because it involved a loss in the grain tonnage (for time, such a revival will also bring with it an increase
the difference was in part equalized by the large sup in the merchandise freight and the general and mis
plies still left out of the 1895 production) as because cellaneous items of freight. In addition, the passenger
a smaller crop necessarily meant a diminished pur traffic will necessarily likewise expand. But there is
chasing capacity on the part of many farmers.
another very encouraging factor operating in the same
The effects of these circumstances are clearly dis direction. The farmers, it is almost certain, will
cernible in the report of the Chicago & North Western. find themselves in better position than for many
In his remarks President Marvin Hughitt says that a years past.
The spring-wheat crop will
be
summary of the results for the year shows a decrease larger than that of last year, even if it
in gross earnings derived from traffic of 82,511,517, does not equal that of 1895. This, of course, en
compared with the earnings of the previous year; pas sures a large tonnage in that cereal, for there can be
senger earnings fell off 844-5,249 and freight earnings no doubt that the world will have need for every
decreased 82,118,010, with an increase in earnings from bushel of wheat that we can spare. Furthermore, the
mail, express and miscellaneous sources of 851,741. farmer will be able to realize excellent prices for these
The shrinkage in passenger business, Mr. Hughitt points supplies (the price of wheat here in New York having
out, was for the most part due to the decline in first- this week touched 90f cents for the September option,
class travel, and evidenced the dulness and hesitation of with every indication that a high level of prices will
business consequent upon the uncertainties of finan continue to rule for months to come), so that his pur
cial and political affairs which characterized the agita chasing power will be vastly extended as compared
tion of the Presidential election during the greater with other recent years, and this in turn will mean
part of the fiscal year. But the effects of these circum great mercantile activity in that part of the country.
stances were more disastrously felt in the reduction
With such the outlook for the current twelve
of freight earnings. The tonnage movement fell months, the results of operations on the Chicago &
off 1,857,251 tons, or 10'87 per cent, in addition to North Western for the past year are found to have
which the reduction in rates (the average per ton per been highly satisfactory. Though gross earnings fell
mile having declined from 1-03 cent per ton per mile off over 2£ million dollars as compared with the yearto 0-99 cent) was equal to a loss of 8903,154 on the preceding, the company ns nevertheless able to show
reduced traffic of the year.
a surplus of 81,171,971 op the operations of the twelveAn analysis of this falling off in tonnage furnishes months over and above the amount required for fixed
an excellent illustration of the importance of general charges and the 5 per cqnt dividends on the common
business prosperity or adversity in affecting the results stock and the 7 per cerft dividends on the preferred
on a large system of roads like the Chicago & North stock. In the previous year the surplus on the same
Western. The North Western is, of course, distinctively basis had been 81,851,0^4. The falling off is smaller
a grain-carrying road, and wheat (including its prod than might have been expected, in view of the loss
uct. flour.) must constitute one of the largest items of of 2£ million dollars in gross earnings. But the com
this grain tonnage. We have stated above that the pany was able to offset pearly 1£ million dollars of this
wheat crop in the road’s territory in 1896 fell much (in exact figures 81,496)313) by a decrease in expenses,
below the extraordinary crop of 1895. Hence if the and furthermore it deprived 8563,000 from its invest-
THE UURON1CLE.
A ugust 14, lo»7 ,]
ment in Omaha stock in 1896-7, against only $376,600
in 1895-6, and also derived a somewhat larger income
from its other investments. The accounts never in
clude the operations of the trans-Missouri lines, the
results of which are stated separately. These lines
netted a loss on the years operations of $227,103—
that, is, there was a deficit in that amount in meeting
expenses, charges and rentals —
hut the report states
that nearly all of this is due to the extraordinary in
crease of 1204,521 in operating expenses, caused by
damage and destruction to a large section of the road
in the Black Hills country from a violent cloudburst.
The decrease of 14 million dollars in expenses will
no doubt be closely scrutinized with the view to see
ing if it does not to some extent qualify the favorable
showing made— that is, does not represent the deferring
of outlays which should have been made in the late
year. Bat analysis of the expense accounts furnishes
no basis for a contention of that kind. The company
was not so liberal in some o f its outlays as in the pre
vious year, yet the expenditures seem to have been
up to the full requirements of the property for repairs
and renewals. Of the total reduction in expenses of
$1,496,313, $595,483 was in the cost of conducting
transportation, and as bearing on the significance of
this we may direct attention to one striking evi
dence of increased efficiency in the operation of the
road which the report discloses. We refer to the in
crease in train load that has been established during
the last two years. In 1894-5 the a v e r a g e train load
was only 117 tons, in 1895-6 there was an increase to
141 tons, and now there has been a further increase to
151^ tons. Besides the decrease in the cost of con
ducting transportation, there was a decrease of $1,071,781 in the expenditures for maintenance of equipment,
but these expenditures in the previous year had in
cluded unusual amounts appropriated in the purchase
of new ears; moreover, the falling off in the volume of
traffic would necessarily tend to reduce the expendi
tures for repairs.
On the road-bed a much larger
amount was spent than in the previous year. Perhaps
the best way to judge of the sufficiency of the main
tenance expenditures is to take the various items un
der these heads and compare them for a series of years.
This we have done in the following:
CMateo * fo rth W at trn Ity.
Mil*-# o f road ...
.....
Repute: ami maeswaJ* o f -
im .
4.031
I
— —
Fotr
iw .
mm.
Mn m. —
HM
tM l
turn.
ISM.
t.SSTS
*
Fainwnm cart.................... %mMl
cars.. . . . . . .
. . ... . .U*23,40 t
Rm wakf atwack,mHak umMM*. 16©
M
(ferta»ete.... ... i*-i,.»* $
*
Tmrnm. road
li& M
517.710
i.-isctm mJjtm U W . ’ St S.17S/SI
X»M*» 3«,<«0
3S1.7 a
! .*80,873 SUSS fcgmtw L k s . i m
z.m.nv,
2,*mjm
as*,477
m t
m «3
M .t »
SS%M i-r ,« 7 2
722,511 ISr.TM . issywj Sf3.no*
T n t* l.........................................W N J M
v m jtt* 8,2S S ,«S d J ifM B l T,t»7,St3
lAmmutUrm ................. . . . . .
B aiidlnas...............................
ImlwPrt 4tt
lJ*emOMWm pnr<^mm4. . . . . .
**
i
m*
No.
partially r e b u ilt
its*
F n ittfb t c u r t
**
purchased . . . . . .
rebu ilt .............
1 .1 0 7
13
U M
m,
Nn
U
m
tm
um
m
i jam
i
i m
No.
2 to a t
m
m
m
m
8*3
6
s
m
tm .
So.
2
So.
S n tie
505
*m
hi
779
m
871
js s
.
02
The foregoing shows aggregate expenditures for
repairs and renewals of $6,701,192 in 1896-7, against
$7,642,612 for 1895-6. but as against only $5,255,418
in 1894-5. We have added the figures for the two
previous years ($6,792,491 in 1893-4 and $7,857,213 in
1892-3). but the comparison in this case is not strictly
correct, as the classification of the expenses then was
different. On the same basis of classification as at
present the totals for those years would we think be
$200,000 or $800,000 less. Bearing that in mind, and
also remembering that cars, materials and supplies
can all be bought cheaper now than a few years ago,
the conclusion must be that the 1896-7 outlays have
259
been
a
full average.
It will be noticed
that no less than 1,180 new freight cars were
included in the late year, which is larger than for any
other year given, excepting only the year immediately
preceding. Of course, even though the outlays have
been adequate, it would not be surprising to see them
expand again materially should present expectations
of improving traffic he realized, for it is conservative
to regulate the amount according to the prevailing
conditions, making them large when revenues are
abundant and decreasing them when revenues fall off.
RAILROAD GROSS EARN IN G S FOR JULY.
Railroad gross earnings for July are indicative of the
great change which has occurred in tire situation and
prospects of the railroads. The compilation which we
have prepared covering 127 roads with an operating
length of 100,859 miles shows nearly 2^ million dollars
gain over the earnings of the same roads in the corres
ponding month last year. In exact figures the im
provement is $2,205,410, or 5T6 percent. In its gen
eral results this accords very closely with the showing
for May, when the increase was $1,942,782, or 5*14
per cent. But in being slightly better than then
it is the best exhibit made for any
month
of the present year. Nor can it be claimed
that comparison is with diminished earnings last
year, speaking of the roads as a whole. The results
then were not ns satisfactory its could have been
wished, and a good many of the separate roads re
corded losses, but in the final totals there was a gain
of $1,610,012, or 4*0® per cent, and this followed a
very heavy recovery in 1805. For the purpose of show
ing how the exhibits have run in July for a number of
years we annex the following table.
.
MVtatt.
E a rn in g ..
r«r
ow n.
S u l..
t i» g f t S S r .« d » ) ____
1* 1 <128 road*)____
*
184*5 ti2* road*)..
iw f t 'I S t road*)...
W 7 127 road*)...
Jan. 1 to J u n j U .
1*93 (185 ro»d«)u
ISM I U mrvSt)..
1806-l t d t o a d * ).,..
I w iM n s ia iL ,.
18071 US-mad*)..
T ta r
Prrcedin#
T ta r
ai
tf 9VZ11.
MU**.
W«M.
04.478
9 *44 0
m m
W1.571
09,116
s
4
30,Ui».:Ut
PM1
7
28.76?
m m
07,881
100,850
96.873
m j O*
m jiu
94,234
95.491
07,022
» * jm
F*M
tx
Preceding
Increase
or
D ccrra u
1
6
42,055.081 DtO. 1,705,527
34,078.977 Dec. 7,088,645
In c.
41,017.094 4 0 ,0 0 7 /8 l I n c . 1 ,610,012
ti.WU.840 42.7i8.0P> I n c . 2,205.410
1
M O4 *
O, 6
8R ,8 9
017 3
5 5 ,6 6
,8 7 fe
w e u in .o e - **9,345,191 I n e . s.Sff*,8«»
240,770.718 *288.363./I* Dtc n , ! » u a o
m . w i a w 2*«,881,098 In c . 11,705,653
206,f«#.f0O
2«»,fi0i^u0
I n c . 4.008.201
2 0 5 .3I
5 .3 4 T
2 46 8 8
8 0 .1 9
What lends additional significance to the favorable
showing for the month the present year is the fact that
it was obtained in face of one unfavorable influence
of large dimensions. We refer of course to the coal
strike. Before dwelling, however, on that feature, it
will be interesting to note thut in the closing week of
the month the showing was yet better than for the
full month. According to our usual weekly summary
given on another page, the comparison for the fourth
week of July on 84 roads indicates over a million
dollars gain ($1,026,641), or 10-64 per cent. With
reference to the coal strike, while it operated to the
advantage of a few special roads, among which may be
mentioned more particularly the Chicago Indianapolis
& Louisville (formerly the Louisville New Albany &
Chicago), the Norfolk & Western and the Chesapeake
& Ohio, which had their coal shipments mate
rially increased in consequence of that event,
to the roads as a whole the strike teas a
distinctly unfavorable development.
It did not ex
tend over the whole country as designed by its au
thors. but it was more or less general in Western
Pennsylvania, and in Ohio, Indiana and Illinois. There
100,802
THE CHRONICLE.
260
it had a very depressing effect, very materially reduc
ing the coal traffic of many of the roads, while at the
same time causing the closing-down of some manu
facturing establishments because of the lack of fuel,
this latter of course operating to diminish the mer
chandise and general traffic of the roads. A few of
the roads forming links in the trans-continental
routes west of Chicago, and more particularly the
Denver O Rio Grande, the Rio Grande Western and
v
the Northern Pacific, derived important benefits the
early part of the mouth from the holding of the
Christian Endeavor Convention at San Francisco,
hut this was an influence of extremely limited appli
cation both in point of duration and the number of
roads benefited thereby.
Nor can it be said that the grain movement contrib
uted very largely to swell the revenues of the roads.
We do not mean by this that none of the roads were
materially favored in that way. Some of the roads
obviously were. What we do mean is that the gains
in certain cereals, and at certain points, were in large
part offset by losses at other points and in other
cereals, so that in the aggregate the expansion in the
grain movement was comparatively small
Taking
the receipts at the Western primary markets, we find
that for the five weeeks to July 31 the deliveries of
corn increased 1$ million bushels as compared with
last year, and the deliveries of oats 4 million bushels;
but that on the other hand the deliveries of wheat fell
off 4 million bushels. In this latter case there are
only three points—namely Minneapolis, Kansas City
and Cleveland—that do not show a decrease. Here is
the record of the grain movement in our usual form.
RECEIPTS OF FLOOR A N D DRAIN FOR FITE WEEKS ENDING JOLT 31 AND
SINCE JANOART 1.
Flour
(bblt.)
Chicaoo—
232,122
5 Tka. Julv, 1897
233,623
5 irks. July, I89ff
Since Jan.), J89? 1,428.220
1,338,960
Since Jan.l, 1898
M ihoauhee—
186.900
5 wfcs. July, 1897
257.880
5 irks. July, 1896
S iace Jan.l, 189. 1. ‘81,660
lnce Jan.l, 1890 1,741,330
8t. Louis—
90.9 tv
5 vrks. July, 1897
5 wks. July, LS9
135.578
lnce Jan.l, 1897
705.290
712,248
ince Jan.l, 1896
Toledo—
5 irks. July, 1897
3,640
5 irks. Julv, 1896
7.113
20.617
S nee Jan.l, 1897
Since Jan.l, 1896
34,423
D etro it—
W hea , | Corn,
(bus*.' | (bush.)
592/90
593.902
3,500,179
4,020,234
92,950 1.033/00
43),400
92.025 1,261,000
135,380
561.03" 6,237.0 > 4,2)9,911
0
1,310,725 6.478,000 4,527,195
542,13*
1,271,2 ’O
845,605
2,437.090
831,55 V
1,922.200
3,165,93- 11.870,772 0,07 ‘.230
5,069,313
9,249,801 5,176,443
1,113,029
1,110,8 0
2,393,827
2,501,90
127,0 7
848.U54
603.327
981,883
1897
1896
1897
1890
4.508
6.741
31 480
26/64
282,707
179,998
881,227
1.192,380
5 * ks. July, 1897
5 vks. July, 1896
Since Jan.l. 1897
Since Jan.l, 1896
D u lu th 5 srka. July. 1897
5 *ks. July, 189i
Since Jan.l. 1897
Since Jan.l, 1896
215 0
23.850
193.300
177.500
1897
1896
1897
1896
Barley,
(bush.)
826,869 11.898,564 10,5*8,755
369,800
2,680,23?
9.195.66) 7,597,934
305,657
2.772.771 46,278,770 55,243.005 0.3LO.315
0,323.350 44,021,981 52,48-3.878 7,409,105
36,950
13.250
115 H
ftO
93.591
wka. July.
irk*. July,
Since Jan.l.
Since Jan.l,
Oars,
(bush.)
R vt
(bush.)
23,433
13,7o0
352.960
65,300
706
22,600
700
21,3 0
41,358
40.8 0
92.960
01,80'
117,102
101,519
583.325
8J5.121
8,359
19,0 'O
309.042
593,265
23,216
235,137
171,3^4
1.3-9.255
712,570
10,972
16,808
1,022.550
1,17" 250
0/90,000
9,222,400
11.200
10,800
605,700
999,300
84,050
13.396
871.819
329.691
24.497
506.593
485.210
82,501 5.152.621 2,387.454
183,721 2,579,403 1,842.047
62M 82
41,684
O le v e la n d —
5
5
S
S'
-rks Julv.
wks. July,
ice Jan.l.
ice Jan.l,
60 953
81,767
65d,299
424.615
P e o r ia —
27.000
1,147,750
1,158.750
293,300
.340,000 11,851.87 •
921,050 11,281 OjO
551,205
2.675,511
6'*7.635 6,085,092
1.717,006 15.994.469
1.674,370 24,708.720
M ln n * a n o li$ —
5 fks, Julv, 1897
5 irks. Julv, 189)1
Since Jan.l. 1897
Since Jan.l. 1896
Kansas G itv—
6 irks. Julv. 1897
6 rk.H, Julv, IH
9C
Since Jan.l. 1897
Since Jan.l, 1896
8.874
4.133.480
10,157
3.774,5-*0
60. 15 25.833,4-0
6“,4h0 80,028,540
1.082,000
20 4,00c
3,89 «,8 K
709,153
102,830 1,474.760
81,470
774.880
1,006,609 8.101.380 i
1.L22.184 1,399,8701
698,000
260.000
755,0 0C
69.0D0
8.120,9m; 2.020.500
891.682
140,109
T otal o f a l l -
6 irks. July.
6 wks. July,
Since Jan.l.
Since Jan.l.
1897
189ii
181)
1*9»
1.153.700 13.032.981
1.195.-27 17,011,7.2
5 .56'/5 l 59.0il.255
5.870 -*> 21 7H 4 90/85
6
15,309.1)5
13.008.3.31
91,107,981
71, -40.41 '
17.810
5.500
60.110
5.560
RECEIPTS AT CHICAGO DURING JULY AND SINCE JANUARY 1.
Ju ly.
1897.
1890.
iHieat.bush.
Join...bush.
‘ a ts.. bush.
lye., .bush.
-l irley.bush.
796.769
10,702,20)
9,149 650
180,534
320,950
2,588,250
7,900,31-5
0,240,299
138.491
203,172
I
’otal grain
•sour., bbls.
* irk....bbls.
Intm’ts.lbs.
jard....... lbs.
•ive hogsNo
21,210,167 17,190.613
200,311
211,502
3
271
30.456,339 15,275,641
4,953,040
0,391,932
601,658
499,904
23,600
30,48)
Since J an u ary 1.
1895.
1897.
1890.
750,466
2,794,977
3,112 664 46,407,071
5,187,051 56,178.494
63,944
870,552
0,050.325
106,293
1895.
6,408,628
44,205,931
53,928,033
785,085
7,182,838
3,374.782
26,246,036
35,392.329
838,302
4,213,231
9,250,418 112,908,019 112,811,120 70,005,280
155,4 -0
1,432,108
1,346,410
1.558.035
936
1,052
4,047
6,767
19,105,465 90,086,571 96,533,976 103,414.748
3,476,126 33,797.215 45,325,441 32,358,335
382,389
4,330.430
4/98,740
4,479,375
The foregoing also shows the provisions movement
and the deliveries of hogs. These latter were much
larger than in the years preceding, comprising 601,658
head in 1897 against 499,964 head in 1896 and 382,389
head in 1895; but on the other hand, if we take the
live stock movement as a whole we discover that the
change between this year and last has been very
slight, the 1897 aggregate being actually a trifle less,
namely 21,321 car-loads, against 21,369 car-loads.
The cotton movement in the South is of course o f
small dimensions at this season of the year. At the
Southern outports the deliveries were only 8,603 bales
in July 1897, against 20,712 bales in July 1896, while
the gross shipments overland amounted to 28,553 bales,
against 13,408 bales.
R E C E IPT S
OF COTTON AT SOUTHERN PORTS IN JULY', AND
JANUARY 1 TO JULY 3 1 , IS 1817, L89 i AND l 195
July.
Ports.
1897.
1895.
1,981
flew Orleans.......................
4,152
137
1.436
506
13,07
91
Savannah.............................
1,112
3,402
090
82
4.590
68
7
631
144
281
269
45
214
13
85
034
32"
611
90S
339
434
8.003
2 0 /1 2
11
FROM
Since JanuTry 1.
1896.
la lveston ................bales.
Charleston............. .............
Port Royal, &c....... ...
Wilmington........................
Washington, & c.........
138,470
Norfolk.................................
59,40 V New ort News. & c ...........
707,120
693,490
Total .............................
8,805
l i.0 1
9
245.831
87,003
104,53 ■
101.853
83 ),13
932,083
tion to the rule. At some of the other points even the
receipts of corn and oats fell off. Here is the com
parison for Chicago for the even month.
193,784
149,791
8«2,87 1
779,581
2,992
6,098
679,454
817,757
740 599
191,500
7,730,926
2,272,600
|
Vox.. LXV.
1897.
1896.
1095.
297,070
43,907
5 8 * /l )
243.273
53,217
590.189
440,953
221,197
2 5 5 /1 4
81 676
20,753
29,49 '
169
143,073
7,417
229,60
31.492
69,756
39,8)6
36,326
125
1 52/85
32,580
922,603
114,711
81,841
33,877
126
1)9,576
97,559
7,153 3,018,331 1,558,375 2,257,081
Altogether it is evident that a revival in business,
especially towards the close of the month, must have
pla yed an important part in adding to the revenues of
the roads, and this view finds further confirmation
when we study the results more in detail. Here, for
iu stance, is our usual table showing all the roads
whose gains or losses in Warnings exceed $30,000. It
will be observed that the gain column contains 24
systems distinguished in that way, the aggregate in
crease being $2,403,085, while the losses number only
5 roads for an aggregate of $286,402.
The gains
come not alone from the grain sections but from all
parts of the country. On the other hand, the losses,
without exception, com? from roads iu the Middle
Western States and can all be referred to the influ
ence of the coal strike.
PRINCIPAL CHANGES IN ( t l l l O S S EARNINGS IN J P L Y .
............
............
**
—----- — --------
10 534,2!) 1.174,958
12,505.025
1*1/50,479 )4,814,0'8
82,O0“.2I l 10.24 1,3\7 2.133 310
At Chicago the grain movement showed a very
heavy increase (though even here the wheat deliveries
fell off in a noteworthy way), the aggregate of the re
ceipts of wheat, corn, oats, rye and barley for the even
month standing at 21,210,167 bushels in 1897, against
17,196,613 bushels in 1896. But Chicago is an excep
fiio r e a s c s
C anad ian Pacific ------
Illinois Central...........
N. Y. Central........ ...
r h ic . M il & St. P a u l..
L o u isv ille & N ash ville
K an . C. P itts & G u lf .
Cliio. R ock I & Pacific
C ues ip eak e & Ohio . . .
M issouri Pacific.............
R io G r a n d e 'W e s te r n ...
M e x ic a n C e n tra l.......... ..
G r e a t N o r th e r n ..............
D en er & R io G ran d e
N ash. C liat < St. Louis
&
M ex ica n N a tio n a l..........
T e x a s & P a cific...............
Chic. G reat W estern . . .
O regon R R . & N a v ig ’ n .
M exioan R a ilw a y ...........
In crea ses.
U d . P a c. D en v. A G u lf.
Chic. In d . <fc LouD v
..
B altim ore & Ohio 8 .W ..
N o rfo lk & W estern . . . .
Cin. N. O rl. & T e x . Pac.
$ 4 5 ,8 1 3
4 5 ,1 8 5
4 4 .6 3 0
4 1 ,5 1 1
3 3 ,0 2 8
T o ta l (represen tin g
2 6 ro a d s)................... $ 2 ,4 0 3 ,0 8 5
D e cre a s e s .
W a b a s h ............................
T o l. & O hio C en tra l___
W h ee lin g & L a k e E r ie .
Col. H o ck . V a l. < T o l .
fe
Chic. & E a s t I llin o is ___
T o ta l (representing
5 roads)................
tu
$ 8 1 ,6 2 1
6 1 ,7 8 7
5 5 ,0 8 8
5 0 ,2 9 0
3 7 ,6 1 6
$286,402
THE CHRONICLE,
A n 1 . 10 ]
lla s* 4 8 7
261
The same remarks also apply to the great east-andO b the whole. Southern roads and those in the
Northwest have done better than those of any other wesfc trunk lines when grouped by themselves.
EAXXINQS OP TKCNK LINES.
section. There are few losses in either group. Here
is a six-year comparison for some of the leading North
1866.
1S95.
1867.
1894.
July.
1893.
1892.
western lines. It shows larger earnings in the aggre
t
*
*
t
*
*
j 214,297
gate for 1807 than in any of the other years given, 3. & 0 . S.W | 535,768 493,188
212,227
519,42!
160, SOS
< 323,597
$29,546
though this follows largely from the steady and unin aOh»&Msi*». 1,078,193 1,068,155 L1S11S1
021,502
c .c jfc t j.
1,205,252
1,286.750
1,657,7 IS
* 1,718,369
1,40 M id
1,697,26G .T .o f Can.
1,533,875
1,61 S, 025
terrupted gains made by the Great Northern.
assent
2lSti2*
rSARNiS.}* OF 31JttTHWgsTfci&N LiXkLB
wm.
Juty.
i
31*5,170
199&
f
318.131
384,007
1
202,^7
333,457
1894L
«
223
223,156
U %
im*
*
315.055
M M fl!
Snr1.Ce4.RJfc No.
3£2,£U
3I«,428!
Cmc. Gt. West—
40*.7}3
X V toQ
T ijB
0ttieJC!Ub8t.P. l
%23%2ll
U&M
miw&n.* No. V
i&wsn j r.ii.i’ *1 MTS,447
i, im/mi l 290,967
Jfeic. R. L „i PAC.
fW:,7fC|
461,54".
Daiatb S.3.tAtI.
U».*U
1.7<k,7l0 1,431. I l l ’ L«I*«7
1,179,317
Great Northern..
H3,». t
120,74* i
Iowa Centra,]...,,
IMK06 l;» ,m
i
n&m. i m » i
179,4-»
Minnjfc Sfc. Louis,
mtjsm 157,030
V
im.im im/m'
151.84!
8t.S*aui A Ouiutb
mzt4m
5#
7.103 2m fijm -* tkoskjs& bimsmi
o
Total .
The .Southern group is distinguished in the same
way— that is, the 18',*? total is also larger than that of
any previous year, as will appear by the following,
saaariswa or •otrntaKX oaoer.
</**%
*
j
I»W J mm.
7.
s
1
840,053
CLm . * Ofclo.......
G»or*fs..............
mum.
8MlC W§m fitr. ■
*
*&
nr»m
tdtMOt
Loai»f. A d « i» t .* ijm m
100,7071
Mtmohi# ACfear..
Mobile * flhln
4 SUL
aid. n
ib
Sorf..-lt A Wwt..
j
I,4fi*»7A
Soath'n U » ii» „ .
Total...........
M tft
S
C b .A O .T ...
D.G.H&M
N.Y.C.& H.+
Wabash....
T o ta l.. . ..
7 ',S »
3.637 75 <
M X sm
S l.U
3,495,4 >S
1,0*3,
221,0*35
S>I,91rt
3,545,499
1,074,023
111. 375
79,87*
3 ,1 5 8 ,0
763,303
332,51 e
95,47
8,928,2:2
1,150,783
282,418
109,071
3,793,039
1,115,302
B/M7
?, 131486
>,147.7 A;
6iVS$jD8t
8,815,44;.
8,747,108
►
Includes Home Watertown * G-idensban* for all the years.
Among the Pacific roads the No them Pacific shows
the largest July earnings since 1892, and the Canadian
Pacific has a larger total even than in that year.
tkESISOS OF PACIFIC BOADS.
im .
Jidy.
Canad » Pacific
i
2,100.000
1,734.807
North’ll Pacific.
Rio Gif. WesCn..
302,100.
Total,.___ ... 4,142.707
m
■
»
fck* f©»n», but- the Ch«**»r*?»ke Ohio It ?mithw«s ern for l*a*7 only.
f
WXM
*
t
1,863,267
1,620,822
191,916
1,796,025
2,196,298
249,708
2.43* .1*2 3,682.005
4,212,101
1,517,609
78S.fdi
118,0*9
s.a tT sfw
<* * »«
**■
f
it7,rv
1892,
1893.
0 8 0 8 8 KARJU.N08 AND MILEAGE IN JULY.
1897.
Mileage.
tfsfe
tf
Hanuof Road
*
74*3fJ Atttlmma Ut.BOBtii'u
130,1*1
I.-.--t.! T Ala.N.O.Tex,4ePa6.-~
I
92^9.! 104.788,873?
N. Orl.& M East.. !
*t.
99,16
: UW-<
Ala. A VicitfiD.. ,*,»
*15,257 209,050'
Vicksb Sbr.& P a e .
3'ViH'
lilfe ! m s 0
m M {
Inn Arbor................
97,IS
7fia.3*0:
S& i- 1 #70,81* Atlantic A Danville
iM
43,77v
1,3 lr.123
1,47V* 71 KalUninre &Ohfo_
_ 2,1.0,207
Sail. A Ohio SoilUlw,
;
N3S.70(M O -&
M ,5 ■
Bfrtu'hara A Atlantn
1.5 1
k
318,48
In the Southwest, a few o f th e roads lik e the St. Bait Rohtia 7 Pitts It.
Bari. Cert. R. A No...
3 0,17.
L o u is Southwestern, the Rio G ra n d e Southern and C.iilA.liAli i'M illt....... 2.100.001
Oirollti* M I and .,
S
,6,41#
346 82'
the International & Great N o r th e r n , still ru n b e Central of Ueorvia
•i!-,»ne.,«e A <»hlo.
1184,2 47
271,01
hind. D e a lin g with the le a d in g r o a d s, th e a g g r e g a te Ohio. «fe East liilnoi*
Oaio. Great W'e.tern
382,411
is not up to that of 1892, hut is better than the totals ClllC. iDil A LOOIOV.. 292,80
Oiiio. Mil. A St. Paul 2,713392
for the years since then.
Chic, P*o,9 it.Iam.lj*
83,71Ohio. E. las. A t’ae . 1,409,33
B»BXI!*0« OF AOCTIIW
K-rTBKX OkOCF.
Chic. A We-t Mleh
12t.-»T!.
Cln.N.O.ATei.Pae
3 1.77.
CleV. Canton A So .
July.
43,03
I807,
um.
1805
im *
IM
C1*V. Cln.Ch.A St. L
I,07 h,S9^
*
«
«
»
•
*
Olev, Lorain AWbnel
87, *8
Den.4 UloGr,
678,100
M jm
473,891
aoKific
438,801
770,57? Colorado Midland
143.807
e
1-38.9-tat, 4 G t. N o t
m xm
•08*618
m jm
tws& Col. UocS. Vai. A To
Coitus A L A d .
2.153
K.C.F.S.A M
.
333,363
asmsn *3.17,85^
391,20*?
a * M « 842.01“
Denv. A RioUrand.
678.100
807,068
807,918
Mo. K. A Tax.
7S3J9*: 850.152 D Mol nee No A W,*,t
98QJ»1 7*
3 4,83
Mo.P.Afr.Mt. LBn,s«o MBITS'. U t u a n w .A i 1 3 0 %«U %sm Sit D. Mo'ueaA Kan C.*
8.00
St. JoA*a.i..
78,700
m,m
43.20
Del. Ur. Rap. A We-t
92,87
273,79S l.Ii. -3<mtt»w.
m «o®
321.29*
m&sm
sa!.o*rt*
854.602 Dal. 8 0 . Shore A AU.
169.*1
90,0.17
*60,707
Taxa* A Pac413.17*
*46.579
403, X90
502,367 Klein Joliet A East.
47lJ©oj
Bvanttv. A Indlanap
20.86
Total....__
4,«!>,w tir » n n »
•.► -/> * 4 J 0 7 .f« 1 ___ ... Kvansv a Riohtn’d
4 *> >
a,«4
Evanav. A T. Hante
101.5
217,01
The roads in the Middle and Middle W estern S tates Flint & Raw* Mara.
Fla. flent A Panin
>6 4,70'
have fared poorest. The reason is plain enough. It Ft. Worm A D (Jits'.
8-5,64
Ft. Worth A itto Or..
21,00
is in those sections that the bituminous coal strike has (SH tftcfoB 4t A ll 0ii ..
M
7214
Qm
........
103,90had most serious effects, and besides this the winter Ueoteia a Alabama,
78.03 >
8 a South. A Florida
79,99.5
wheat movement has been small.
Ur.Rapid, A Indiana
176,71
01n. Rich. A Ft. W..
32.9- r
* « * * » * « « r>*
*»*D
K»*AU*
era verse City........
3,331
Mask. Ur. R, A ind.
10,37i
July.
18V7.
1«W .
V ftS j 188*.
S .
IM .
IM .
Ur. Trunk of Canada. 1.687,711*
Ohio. S Gr, Trunk..
c
235,81
f
1
1
1
•
•
Dot. Or.Hav. A Mil.
7°,-29
A n a A r b o r . .. . .. .. .
97,48*
m jn *
B0.80S
SS,0l>
88.SK9I
< ‘ a. Sag, A Mack..
9,295
Buff. R o c h .A P itt.
$18,455
m ?,M 7
317,31
291 719
277.ICMS
Tol.Sae. A .Mt.sk
•4*i.m
«,0b0
CStatoaiiro A t o s t . Hi.
271,618
H. No.-S. P. M. A M 1,147,002
n n jm
369,‘ $5
SS7.399
165.58
Eastern of Minn..
C h ic, tw l. A h . . , . .
247,m
m m jm
288.15-9'
817,00
280.17*
284,257
Montana Central.,
168,228
Chic. * W « .t Mif-rt
m s7>
1 4.753
1»8.U3'
117,782
I* 8,21-1
161,0 8
Unit Beanm’ t A K. C.
12,801
CM. tt. V. A T o t.
206,276
m .m
aw.-4<!
2 »^ U I
s a e .w f
2T7.5'-'-' (Jnlf A Chleaeo_____
2,883
m ,m
§8,92-3
D o t. Gr» B a M e e«.
W
y% m .
8<*,-IS7
102,019
illlnois Centra!!........ 1,892,628
®T»;asy.4Te-rr# fit.
m jm
6^736
133.430 tnternat'l A at. No t
76,75*
116.782
213,109
190,012
217,567
20I.7 2 1
180,50:-.
f l i a t A P . M a ro....
211,441*
235.991
21*. 0M IntoroeeauiciMex.i n
towa Central.............
133,50■
275,348
219,51/9
# r . fta a J t la f i .....
277.231
m jm
20-.387
m i* 8
Iron Railwav.............
2,237
Illin o is Central •.
i s m m t i M i s n 1,844,733 1*010.094 L503.H77
Kanawha A .Mleh..
49,042
L ake R rt» & W m t
270,8 i3
tasti-ts
m®sm\
37-.,in;
asw a
•OovMMi Kan.C. Ft, H A Mem .
,
321.17.
8070m
£6B « lit a n d ........
M 0J9P
& K&M
S52.G07
517,680
sa i.a -ii
Kan. c. Mem. A Blr..
69,601
Kan. City A N. w. ...
L on.B sans-% 84.1,
\mfs m
124,100
111 ^30
135,711
lOOj'iS :
1 2 0 /U
24,93
15,825
N. Y, O at. A W
es?
308,i 0]
309,781
*51,869 Kan. iw A Omaha..
Kan.C.Plttsl), AOulf.
201,273
Pfitsh'sE 4i- W e s t 'a .
277,717
29t.3-r- j
ZM ,9!1
Kan. City Sub Belt
43,831
T o L A O A i o .o n t
1-1.391
177#*l:
I#S,1«3
107,; os
IPO.S<«
Keokuk 4e Wmtmn*..
21,5391
*01. P m , A W e s t
6 9 ,« 4
78,918
le .in :
72.0*7
72, '.21
to ,;# i
Lake Erie Ail. A 8 0 .
3,5 43
171,581
t- 5,500
103,477
Tot. 8L U A K. C
151.280
:
1SS.SSWt.B !« bfkke Erie A Western.
289,011
3*5.01 l
* « ( . N. V. A p «
257.8 0
805,831 ! Lehigh A Mud. River.
375,979
908,316
wmM m
BWMIW
........
507,023
71,4S1
W S « i . a L. B ,l«
129,716 j
ispnjtSfSi
09,659 - L".lKs.'
Los AoKelea Tarm’ l..
11,419
T o ta l
.......... if>25. i n 5,^7-5,185 V043.6f*J 5,-176,852 6,583,023 O .isi.2 * ! U>a!»v. Evans. & st.L
123,336
r-onlsv.Uend A 8t.L..
4 4,06-!
* ta#!*jde* t h e fm *r-i8*oa« a t $£** g|, L o a fs 4 lto n & 'T erre H a u te f o r a i
Umisv, A Naehvllle.. 1,780,3251
7 -:*
2.-U
1894.
*
1,803,875 j 1.513,51 »
U W /M H j LWS5VS
» i;7 »j
pi**.. 1 ill**, j
I
i
780,0-44 Hr»,.U5
s
77C4T!
1895.
*
1896.
f
124,0!)
95.889
3»,»31
36,788
Jnxrtate or
Decrease
s
+ 0,001
+ 2.294
—
795
+401
m.m$
—1,13-,
+ 1,57*1
38.263
2 ,198,298
-8.001
491,1.1*
+ 44.631.43.
+ 162
+5,12313.32
—14
310,1-4
1,41-3.57
+ 30I.12.'
".19
—2,07
—10,02 a
362,650
810,0.5- + 114.194
309.281
-s o n 4*4^,340
33 4.06+45,18247.324
2,546.226 + l« ?.lE l
- 15,521
0 - .2 1
1,280,557 +128,795
131,7.5 ■
- 9 ,7 M
279,74 1
+33,<*266/264
—23.23
+ 10.1 3
1,068,155
82,36*—24,494
143.904
-3 9 7
—50.290
206.27
1.79 •
+ 36*
+73,700
804,10
—1,53
36,17*
+ 2 ,3 ) 1
5.67
—8,2 -iv
98,92
—25,495
194.8!*95,35
-5 ,3 1 s
24,56a
■pii.l 0
12,1184
- 3,9 +
98.72+ 12,e-li
20t,72
+ 12.84*
I3*.71.t
+26,h94
+ 17,50
89,1 4-f 4.302
16.610
—207
03
+ 12,85*
9 3 / 57 t/mi
+5,758
80.5H.1
-5 0 +5.8 0
172,871
+ 1/--67
31, 4-1
-1,8.).5.219
9,937
+414
-25,641
1,713,360
+ 12,394
243,424
—5,283
84,1 12
—st-l
10,109
+330
7,730
+76,433
1,370,569
+3,673
1«>,916
—1,997
168,22.5
+3,525
9,276
+380
1,638.021 + 244,001
-17,128
2 0.233
+1S32
174.636
120,9 1
+ 14,557
3,71-1.479
+12,13)
37,30.
4-4.31*
317,85- 3.1 3 77,789
+ 1,091
23,33-9
7,7 3n
+ 8 ,0 8 71,250 + 133,013
4*10,479
38,3 M
l
+3,890
17,84»
-1 9 3.741
—7 ,-0 270.953
43,335
32,679
—0,636
513,66*;
+3,271
9,149
-7 7 4
124,160
+ 1,679
43.348
1,627,601 + 162.724
1897
1896.
31(
310
195
14
195
142
1S9
307
278
2,005
1121
lQ
9
30
278
2.095
921
2.. ;
34* ,
1,136
0.54;
55
1,523
1.360
54
92s
53
6,15!
22
3,37
68
311
21*
1,83192
350
31*
22
1,66'
15
112
33i
58*
189
156
102
107
648
040
40 «
140
11
307
-158
22
340
1,130
6,444
55
1,459
1,360
545
928
537
6,161
222
3,571
581
336
210
1,838
192
350
316
22
1,666
150
112
334
583
189
150
102
167
635
940
469
146
11
307
340
285
436
92
26
37
3,512
335
189
53
117
3,720
72
256
65
62
3,130
775
531
497
20
173
961
276
153
194
285
43«
92
26
37
3,512
335
189
53
117
3,720
72
25f
65
62
3,586
775
53 1
509
20
173
901
270
174
19!
044
339
35
35
148
148
61
61
725
725
no
90
378
378
f0
50
372
372
166
166!
2,985 2.975
rHE CHRONICLE
262
G r o s s E a r n in g * .
N am e o f N oav.
1896.
1897.
Macon A Birming’m.
Manistioue.................
Memp. A Charleston.
Mexican Central.......
Mexican National..
Mexican Railway, a
Mexioan Southern*..'
Minn. A St. Loins---Minn. St P.AS.Ste.M,
Mo. Kaus.&Tex.sys.
Mo. Pao. A Iron Mt..
Central Branch___
Mo Dlle A Ohio............
Nash. Chat. & 8t. L..
n. Y.Uen.A Hud.Riv.
N. Y. Ont. & West----Norfolk A Western..
Northern Pacific.. ..
Ohio River................
Ohio Southern............
Oregon RR. A N av..
Peo. Dec. A Evansv.
Pittsb LJsb. A West.
Pittsb. A Western..
Pittsb. Clev. A Tol.
Pittsb. Pa A Fair..
Quin. Omaha A K. C ..
Rio Grande South’n.
Rio Grande Western.
8t. Jos. A Gr. Island.
Bt. Louis Southwes’n
8t. Paul A Duluth___!
Ban Fran. A No.Pac..
Bher. 8hrev. A 3outh..
Bilverton.....................
Southern Railway..
Texas Central...........
Texas A Pacific.........
Tol. A Ohio Central..
Tol.Peoria A West’ll.
Tol. 8t. L. A K. City
IJn.Pae. Den. A Gulf.
Wabash........................
West. N. Y. A Penn..
Wheel. A Lake Erie..
Wisconsin Central.
Total (127 roads).
4,384
lft," 79
109,70?
936,006
442,945
2by,455
40, lft
162,629
324,8'2
807,918
1,877.000
93.000
297.469
480.277!
3.657,753
386,38
8 5 1s 98
1.7 34.607
77,45 •
43,948
425.327,
75.5711
2.475
151,462
82,771
38,i-35
27.440
29,779
302,100
78,700
332.600
125.554
87,725
17,115
6,021
1,45 ,436
17,221
460,767
99.601
6°,804
177,591
280.88®
963,888
257,800
71,451
429,405
N a m e o f R oua.
*
$
4-534
3.850
+ 2 ,3 4 6
13.533
+ 1 5 ,9 1 2
93,765
+ 8 6,047
849,959
+ 5 t ,571
336,3 4
+ 4 6 .4 7 9
242.976
+ 1.80C
38,739
+ 4 ,9 9 1
157,633
+ 2 1 ,0 5 5
303,747
+ 850
807,068
+ 7 6 ,5 7 9
1,800,421
+ 34,066
60,934
+ 29,210
268.259
4-61,609
418,668
3,485.438 + 172,265
—9.936
396.322
+ 41,511
816,1*7
-t-26,003
1.708,604
—3,792
81,250
— 18,025
61,973
+ 4 7 ,8 5 4
377,473
+ 3,340
72,231
3.442
-9 6 7
—13,342
164,804
+ 16,219
66,552
—8,336
46,371
25.391
+ 2 ,0 4 9
37.562
—7,7^3
201,7 30 + 100,370
+20,22
58,471
3 H‘.500
—7,900
I.i2,l30
—6,576
73,173
+ 1 4,552
16.067
+ I,0i8
—n 1
6,532
1,423,67'“ 1 + 2 6 .7 6 1
-1-73)
16,490
412,174
+ 48,593
161,391
— 51,787,
76,913
—7.109
1x5,5- 6
— 7,915!
+ 45,813,
235,075
1.045,509
—81,621
275,97.^
-1 8 .1 7 * |
126,539!
—55,0881
426,120
+ 3 ,2 8 5
1896.
97
97
44
44
330
330
1,956 1,861
1,219 1,219
321
321
227
227.
38 S| 370
1,168 1,168
2,197 2 .0 6 0
4.936 4 ,9 3 0
388
388
687
687
902
905
2,395 2,395
477
481
1,570 1,570
4,367 4,367
224
224
2*6
226
1,059 1,059
331
331
25
25
227
227
77
77
61
6i
139
139
180
180
520
52c
251
251
1,223 1,22 o
248
24b
165
165
155
155
20
20
4,803 4,75
176
176
1,499 1,499
367
371
248
248
451
451
974
974
1,936
1.936
651
651
247
247
89 i
894
n
\
44,954,350,‘4 2 ,7 48 ,9 4 0 + 2 ,2 0 5 ,4 1 0 100,859 99,4 45
Ja n u a r y i t o j u l y 3 1 .
1897.
$
Alabama Gt. Southern.
8 6,639
Ala. N. 0. A Tex. Pac.—
N. O. A Nortbeast'n...
710.117
Alabama A Vieksb’g ..
315,380
290,304
VicksburgSlir. A Pac.
Ann Arbor.......................
726,493
304,023 i
Atlantic A Danville___
Baltimore A Ohio.......... 14,224,294
Balt. A O. Southwest...
3,491,581
12,013
Birmingnam AAilantic
1,870,69'
Bull'. Roch. A Pittsburg.
Burl. Ced Rap. A N o...
2,163,003
Canadian Pacific............ 11.818,694
Oaroliua Midlaud...........
29,937
Central of Georgia. ...
2,727,163
Chesapeake A Ohio.......
6.30.+898
Chic. A East’n Illinois..
2,189.004
Chic. Great Western ..
2,659,309
Chic. Milw. A St. Paul.. 16,461,874
Chic. Peo. A St. Louis..
451.6o7
Chic. Rock Ini. A Pac...
8,294.98*78,488
Chic. A West Michigan.
Oin.N.O. A Texas Pac.
2,031, 08
Cleveland Canton A So..
354,3 5
Oiev. Cin. Chic. A St. L ..
7,501,997
Cleve. Lorain A Wheel *
663, 814
Colorado Midland.......
93-.649
1,271,10H
Col. Hock. Val. A Tol...
Colusa A Lake . _____
10,955
Denv A Rio Graude___
3.853.754
Des Moines A Kan. City*
80,138
227,603
Des Moines No. A West.
Det. Gr. R ip. & West..
693,176
862,002
Dul. So. Shore A Atl___
Elgin Joliet A Eastern.
651,667
Evansv. & Indianapolis.
•
l->*.936
40,690
Evansv. A Richmond.
Evansv. A Terre Haute.
584.396
Flint A Pere Marquette.
1,5 <5,464
1,154,670
Fla. Cent. A Peniusular.
Ft. Worth A Deuv. City.
578.270
158.991
Ft. Worth A Rio Gr’de.
5.103
Gadsden A Atalla Un..
Georgia............................
833J 68
Georgia A Alabama......
57 4,69
48«,9 42
Ga. South’ u A Florida..
Gr. Raimis A Indiana.
1,068 616
22),67h
Cin. Rich.A Ft. Wayne
21,810
Traverse City.............
Mus. Gr. R. A Iml. .
61.0 8*
Gr. Trunk of Canada... 10,063,9 Ig
1,694,339
Chic. A Gr. Trunk___
537,737
Det, Gr. H. v Milw...
63,533
Cin. Sag. A Mack. ...
59.053
Toledo Bug A Musk.
7,575.01*
Great Nor. 8t. P. M.A M
835.556
Eastern of Minnesota.
1,127.587
Moutana Ceutral........
70.643
Gulf Beaumont A Chic
23,551
Gulf a Chicago ___...
Illinois Ceutralt............. 12,551,574
1.767,* 30
Int, A Great Northern..
1,472,363
Interoceanic (Mex.)J...
886,619
Iowa Central...................
20,250
Iron Railway..................
1896.
$
805,10725,057
287,596
292,883
669,247
307.4-8
13,610,919
3.46 ',322
11,839
-1,856.078
2,428.870
10,955,228
29.853
2,785,769
5,856.716
2,1b 6,253
2.626,610
17,100,330
519,0 L
ft
8 .,3 ».31 t
809,671
l / 1 9 ,127
2
393,69*
7.390. *95
772,950
1,091,538
1.425,846
4.073.3 6
62,035
250, 73
64 l,66*
1.21),779
75 3,320
166.730
66. 4o3
622,821,542.118
1,<12,477
49->.225
104,55*
6,362
788,348
4 ift,522
505.8V 4
1,142.244
2 40.4 7
28.659
73,10?
10,004.153
1,83 4.571
515,054
75,406
40.857
7,639,970
917.47*
1,119.232
49,562
V1,004
12,012,672
1,654,084
1,260.007
1,024.384
28,041
1897.
N am e o f R oaa.
In crea se or
D e c r e a s e . 1897.
" For three weeks only.
t Includes St. Louis Alton A Terre Haute for both years, but Chesa
peake Ohio A Southwestern for this year only.
1 Earniugs of Galv. Hous. A Henuersoa are excluded for bath years,
a For four weeks ended July 24.
g ro ss e a r n in g s fr o m
[V n L V
o. X
In crea se.
D ec r e a s e .
$
71,531
27,781
57,246
613,375
31.259
171
14,1 19
863,466
84
447,182
2.751
32,693
........
8 817
10L,88l
111,8 2
3,264
....
18,103
48,308
........
............
........
___
142,1)3
80,045
.........
44,7 22
159,16 •
............
........
..........
59,795
22,6-3
13,196
. . . . __
....
9,355
22,0 (
2,5 47
538,90*
113,546
212.356
$
8,940
2,579
3,435
%
Kanawha A Michigan. .
293,279
Kansas C. Ft. S.AMem .
2,536,8->2
Kan. City Mem. A Bir..
647,200
Kansas City AN . W .......
186,200
Kansas City A Omaha .
120,508
Kan. City Pitts. A Gulf.
1,088,18*'
Kansas City Sub. Belt.
255.895
Keokuk A Western*___
202,695
L. Erie Alliance A So...
37,852
Lake Erie A Western...
1.904,793
Lehigh A Hudson River
200,625
Long Island.......... ..........
2, L45.835
Los Angeles Terminal..
5 ,168
Loutsv. Evansv. A St. L
798,609
Louisv. Hend. A St L ..
256,854
Louisville A Nashville.. 11,559,244
32,501
Macon A Birmingham..
76,197
Manistique......................
Memphis A Charleston.
741,435
Mexican Central............
7,503,75?
3 391,421
Mexican National..........
Mexican Railway t.........
2,097,992
400,661
Mexican Southern*.......
1,'*71,978
Minneapolis A St. Louis
1,918,039
Minn. St. P.AS. Ste. M..
5,737,212
Missouri K. A Tex. sys.
Mo. Pacific A Iron M t.. 12,507,000
572,000
Central Branch...........
2,174,7-^9
Mobile A Ohio.................
:«ash. ' hatt- A 8t. L . ..
3,030,378
N. Y. Cent. A Hud. Riv. 24,846,178
S .Y. Ontario A West’ n..
T
2,154,083
5,977.799
Norfolk A Western.........
Northern Pacific ..........
9,346.288
499,803
Ohio River................ ......
358,237
Ohio Southern................
2,401,8'4
Oregon Ry. A Nav’n ---497,918
Peoria Dec. A Evansv..
25,154
Pitts. Lisb A W e s t.......
9*5, 01
Pittsburg A Western—
470,247
Pittsb. Cleve. A Tol.—
181,052
Pittsb. Paines. F’nt
171.776
^nincv Omaha A K. C..
205,317
Rio Grande Southern...
1,476.095
Rio Grande Western ...
581,824
St. Jos. A Grand Island.
2,385,706
St Louis Southwestern.
761,772
St Paul A Duluth..........
422,354
San Fran. A No. Pacific
141,368
Sherman Shreve. A So..
Sonrhern Railway . ... 10.69i.35C
121,576
Texas Central................
3.510,001
Texas A Pacific.............
925,28c
Toledo A Ohio Ceutral..
490,49c
Toledo Peoria A West’n.
1,209,8 *6
Tol. St. L. A Kan. City..
1,865,08-'
Union Pac. Dod. A Gulf.
6,3o6,25;
Vabash.............................
3,541,43n
West N. Y. A Pa--------567,203
Wheeling A Lake Erie ..
2,360,12(1
Wisconsin Central.........
58,606
39,357
109,106
152,889
154,710
219.532
2 *,470
352,7 77
101,053
13.800
19,6 3
38,432
6.684
5,567
1,259
18,882
73,0 28
16,579
6.849
11,4*5
145,232
11,873
6»,964
81,922
.... ...
............
139,765
7,791
D eer ase
15.862
71,495
26,99 i
3 3 ,0 ,8
2,047
59,709
5,249
3,441
68,017
267,076
5 >2,631
276,0*9
54,197
77,736
93,758
37,335
7 i0
51,90 a
134,911
4,734
108.819
65,431
518,506
100,0;,6
2 1,511
79,252
Ex c h a n g e
jLEA.KiNG-id.ousk t r a n s a c t io n s . - T he
gadjoined statement includes the transactions of the Stock
^xenange Clearing-House from Aug. 2 down to and including
Friday, Aug. 13; also the aggregates for January to July
inclusive in 1897 and I89n.
if'IJ i -4(O a 4.40 4 l«.
698,456
67,348
144.359
I n c r e a s ..
*
*
267.530
25,749
2,398,-50!
138.496
6 1 0 ,5 .8,
36,632
148,095
38,105
53,522
66,986
379,42ft
708,755
189,855
66,0i0
218.557)
34,281
3.571
1.976.238
227,62
2,173,913
53;21»l
858,318
262,103
11,298,231
201,013
31.980
521
79,638
690,95*
50,483
5,635.716 1,818,013
2.760,051
630,770
1,690,574
407,4 *8
110,610
2^0,051
1,051,015
17.003
1,988,656
6,004,238
12,047,701
45 4,299
400.2 8
171.742
1.993 -*9
18 l. 09
2,857,565
172.813
24,622.053
224.125
2,123,430
25,653
6,480,4io
9,622,317
554,000
435,973
2,307,633
94,18 i
481.700
16.218
24,103
1.051
1,019,2-9
466,904
3,343
218.38'
172,516
257,221
l,310,Ob5
163,030
346,676
235,14?
2,5-0,617
757,666
4,106
415.399
6,955
138,563
2,805
10,252,063
439,28?
126,310
3,256,801
253,2)6
1,03 4,102
555,924
1,155,723
54,133
1,697,357
167,732
6,874,759
1,641,49*
788,714
2,448,9 72
Total (125 roads)___ 289,501,390 1284.503,18:.) 10,939,790 5,946,539
Net inorease.................. ....... ..........
................... 4,993,20
* For three weeks only in July.
f Includes St. Louis Alton & Terre Haute for both years; beginning
with July 1 the Chesapeake Ohio A Southwestern is also included, but
for this year only.
\ To July 2
4 . _______________________________
sro. k
265,967
1896.
-S h a d es, o o tn u d e s —.
C lea red
!Po t a l V a l u e .
1S9H -
967,700,000
January.. L5.29S.500
February. 17,004,900 1.008,600.0)0
LM7>,C00 1,006.000,000
rtarcb
14.002.200
981.000.000
750.800,000
May......... . 1'.291,000
lune ...... , 15,489,600 1,132.400.001)
July ...... . 21,L. 8,300 1, i9S.500.o00
a »0 H« r KA.
?•<>«►
---- •B a l a n c e s o n e s i a e --------•h a r e s .
i
V a lu e S h a res
S h eet!
C a sh . C le a r e d
1,011,200
1.905,500
1.031,500
1.*89.100
1,1 *2.000
1,5911O0
1.9* 8 600
08.100,000
100,30' ,000
91,000.000
99,-100.009
09. l« *0,000
95.90u.000
107,500.000
1,445,000
I,304,4rO
1,452,800
1,233,300
92 <.*00
1,3*5.500
1.800.2 <
0
0,870
0,201
0.XL1
0,408
5.732
0.307
0,990
7 m os... 110,580.100 7.363,000,000 12,406,000
*
1anuary.. . I2.0i0.700
778.000,000
1,425,500
February. . IO,2?3.0OO
709.500,000
1.096,500
• arch
l
. 18 141,000 1.270,700,000
1.916,700
April...... . 14 1-2.000 1,029.200,01)0
1.3)7,300
May........ , lX.v 1.50.400
1*31,800.000
1.2 50,700
*
June....... . 22.559,■00 l,)37,5Sl),(fO0
2. jO1,000
July........ . 22,353,100 1,05 V O
iJ,(|00
2,678,800
657,800,000
$
74.900,000
59.500,000
l'3.2)),0OO
82.200,000
73,9*10,000
153.0*9,000
171,600,000
9.611.OoO
$
1.008,900
87^.4 00
1,553.20c
1,334,900
1,1-0 000
1,0-4,100
1,751.500
45,511
6 mos.
5.900
6,248
7,195
0,071
5.910
7,116
6,042
112,510,6 J 8.109.78 ).(> *0 12.223,500 731.9 190 M 9.3-*4 0 '• 44,091
O
l
S h a r e s , b o t h s id e s +
-------- B a l a n c e s , o n e s i d e . ------ v S h e e t s
C le a r e d .
1 o ta l Y a l a k
S h a res. V a lu e S h a res. C a sh . C lea red
1897—
$
Auk. 2 1, U1.J00 73.800,0100
“
3. . 1,8 ’ 4,0 ) ) 84.20),') )0
“
4. . 1,645 »0 ) 105,6 JO
,000
“
ft 1,6 9,2') ) 106,3 ) i.O90
“
6 1, ’ *4,200 L02,500,0 00
$
$
19+700 8,SOvLO 0 86.10)
17 '.LOO 1 ) 6 ) bO )0 96,90 )
13,100,000 166 80 )
2 3 7 ,->00 13,M>O.O00 137, M )
12,900.00 > 128.800
347
33<»
3 l7
349
35 5
Tor, w k ,.7 ,8 0 3 ,7 0 0 472.400.OOC 1 ,0 6 5 .5 0 0
^ k !a a ty r3 ,7 9 0 ,1 0 0 256,iO o,|)00 2 9 4 ,6 0 0
Aug. » 2 .49 .5 0 0 W 7 .1 0 0 0 0 0 3 7 3 .4 0 0
'• 1 0 ..2 .6 0 4 .8 -0 1 6 0 ,90MOOO 3 4 2 .5 )0
11 '.9 0 1 .1 0 0 1 8,6001000
2 3 1 .2 )0
1 2 ..2 ,2 5 3 .2 0 0 1 22.300(000 2 9 8 ,9 0 0
13 2 5 6 2 .9 ) 0 U 5 .10)1 0 0 0 3 4 7 ,4 0 )
58,900,0 » • 614,600 l 72-J
17,500,000 290,200 1,447
358
2 1,700.000 319.600
20. <0 ,0 >0 24 4,3 10
357
352
i 3,500, -0 » 1 6 w
,5O0
15. U)0,000 199.-50 • 3 5 7
370
18,700,000 222,700
rrtl. w t . 1 2 ,2 L3.500 7 24.001
W k la sty i5 .5 1 7 .0 0 0 327,401
83,500,000 1,15 !,60 0 1,734
2 L,"'00.0 >0 692.100 *5 89
The stocks cleared n |w are American Cotton Oil common,
<
American Spirits coi non and preferred. American Sugar
common, American
_bacco common, Atchison common
and preferred, Baltii >re & Ohio, Central of N.. J.. Chesapeake & Ohio, Chicag, Bnriington & Quincy, C. C. C. & St.
THE
A U G U S T jil,
CHRONICLE,
Lpimss Chicago Gas, Chicago Great Western common,
Chicago Milwaukee & St. Paul common, Chicago &
North Western common, Chicago Bock Island & Pacific,
Chicago S'
Pam Mi-nenpolis ft O naha cummin. Del
aware & Hudson, Delaware Lackawanna & Western,
Erie. General Electric. Lake Shore & Michigan South t h ,
Louisville & Nashville, Manhattan. Missouri Kansas &
Ter as preferred, Missouri Pacific, National Lead common.
New York Cen'ral. New York Ontario & Western, New York
Susquehanna & Western preferred. Northern Pacific pre
ferred, Pacific Mail, Beading common ard firs and -ec nd
nr»f*rr-d, St, L mis ft Ban Francisco 3d jfi**ferred. Southern
Bail wav common and preferred. Tennessee Goal ft Iron,
Texas ft Pacific. Union Pacific, United States Leather com
mon and preferred, United States Robber common, Wabash
common and preferred and Western Union.
I H a 'i c t a m i f l D o i n i r x e Y c i a l f i n a l i s t * f l e x u s
1From our own correspondent. 1
LONDON, Saturday , July 31, 1H97,
On Monday evening Mr, Chamberlain stated in th* Hons*
of Commons that no prosecution is to be instituted against Mr.
R i'xies, neither is his name to lie removed from the list of
Privy Councillors, that the charter of the S <ut i Africii.lompany is not to he revoked, but tbst the control and super
vision of ’ he Crown ever the company is to be increased and
that negi tiaiioos for that purpose are about to begin with ihe
Chartered Compmy, in which i.egotiaiioca theOspe Govern*
meat and Sir Alfred Milner are to take part. Sir. Cmuab- rlain distirctly stated that all psrti-s in S >uth Africa preferred
that the Chartered Company should Continue and that the
ultimate intentio>* is to give Rhod-aia -el! go mroram- for
:,
which, of fours", it has not yet the nquifite white popula
tion.
The statement has been moat favorably rteaived, and there
baa b»(fi a d-wid-d lm»>t*'n *n* i*w> th * S ■
wk Eto i tog •
Naturally, the Chartered Compiiy'* share* were th » first to
move, but, speaking broidlv. all mining s»» ire* h»v* rts -n,
and, indeed, every department of the Stork Etching • has
shared in the movemvn', Mr, Csatuberlaiu, in addition to
the above statement, said that the repeal by the Tranavaai of
the Aliens’ immigration Act and the promised repeal of other
mcaaure* contravening the London Convention have re
moved the tension between this country ami the Transvaal,
and he hopes now for a gradual restoration of confidence
between the two races there.
The information from South Africa privately receive 1 it to
the same effect that the animositi-a and suspicions aroused
by the raid are dying out, and that a batter spirit is springing
up. Moreover, the clear demonstration now given that the im
perial Government ij regulating its policy in South Africa in
connection with and with the approval of tbeSoutn African
colonies has led to the conviction that President Kruger and
his advisors feel that they are being Isolated,and that they have
not now to deal with a distant Governmerr, but rather with
the other States of South Africa. Hence the opinion is grow
ing stronger every day that large concessions will h • made
to the mining industry, enabling the mining companies to
reduce very materially the cost of working. Toe interest of
the Transvaal itself strongly urges this course. The Trans
vaal has suffered very severely from th« failure of the crops
through drought and from the rinderpest. Many of the farm
ers ere ruinf d, and the State is called upon to give them large
relief. At the very same time, while the Government la
asked for relief for the farmers, and is slending immense
»ume upon public works of various kinds, the revenue is fall
ing off, mainly because of the depression in the mining
market.
The passage of the Tariff Act has been signalized by a rise
in thf* American Department, The real character of the Act
is not understood here, but the fact that the discussion is at
an end and that some kind of decision has been arrived at is
felt to be a relief, Moreover, the favorable report* respect
ing the crops are encouraging Op ritors. As yet, however,
the general public ia holding quite aloof. What business^ is
being done is mainly due to professional operators. That is
of course tn i; more or I >ss of *vyry deptrtni uff. for W s « n
just now at very quint. But it is more noticeable in the
American than in any other depart ruen,,
The peace m g. tint ions have been checker! of late by Ger
many's insisting upon a European control of th>* Greek finan
ces being made part of the Treaty. The other Power* are op
posed to this, and even the Russian press complains of the ac
*263
tion of Germany. Probably Germany will give way in the
end, but it is uof wtuoat s that needless delay shou’d be inter
posed, for the sufferings of Greece are very great and the
distress of the Thessalian peasants is deplorable. Probably in
the long run some kind of control of the Greek finances will
have to be established, for it is not likely that the Turks will
evacuate Thessaly without being forced to do eo until they
have received the indemnity. It is quite clear that Greeee
herself cannot borrow four millions sterling, and if the Powers
guarantee the loan they will probably take some measures to
see that the Greek finances are fairly well administered.
The general impression ia that as soon ss peace is concluded
there will be an improvement on the Continental bourses, that
the improvement which has already s-u in in London will thus
be further stimulate i. and that we are about to witness a
very considerable explosion 'of business. A* yet the public
has not begun to buy largely. To-Lav the St icb Exchange
is closed for-iructnrai repairs and Midday is a Stock E x
change and bank holiday. Moreover 1 rge numbers of peo
ple have left toe city for trite an -nil b >li 1tys, B tainess is
na urally, therefore, very alack. But if peace is immediately
concluded th-re is little do ibt tbs' we sh ill **.■ a very con
»
siderable improvwn-tit in but ices* even during tin holiday
time.
Money continue1 very abandon! an 1 cheap
*
U present
the Coe in-uifctl demand for gold is very slight, so is the
Japanese d -mind, and the impr-siton appear* to be v -r - gen
eral here 1 1 st not roach gold will be taken by the United
State*. 0 mS Jence ad over Atuarici has revived, th - supply
of gold is aoundant, and although the United S a-es will be
able to s 1 immense ipisotieiiss of grain a id .»th*r pr iducn,
1
tt is thought hardly probable that ab* will t*ke payment to
■m comnd-fable extent i i gold. If She dots not, then money
y
i* likely to remxlc v-wy cheap for mouths to cams. On the
other hand, if there should be a cor side! able demand for
gold for the United States or any other country, together with
the usual demand that always siring up at harves time, that
will probably s«pd the Btnk of E igtand rale to four per cent.
The stiver market is very demoratlz d, and the price has
fallen to S’i'i'd-, th * lowest ever recorded. There has been no
demand for China for a considerable time pa»% Japan ia ex
pected to a-II tather thin to buy silver. India bus been
taking very tit-le, and for a week or two United States
holders of silver hive been selling on a very I irg ■ scale,
S u n n ily , th sw sales on a weak market h«v« broken the
price unprecedentedly, la the mean time ih» Inliaa Council
is selling Ls draft- surprisingly well. On Wedt esday it
offered for tender 35 lacs, a-id -old the whole amount at an
av-rage price of Is 3 1-33 I. per rupee.
The rain* in India o n ion* favor-ibl*. Upon th'eastern
side it is believed that the sib-ty of ’ he growing crops is now
assured. The news from the northwest province* find Iho
Punjiui is also good.
From Bombay the crops promise
fairly well, th ugh the run is not so abundant a* in the East
and in the North. 1- rh-> Madras Presidency there is still a
deficiency of raw. Upon the whole, however; th<a worst of
the distress seem- to be over, and we may hope to see very
toon now a»te*dy fall in the price of food gr uns.
The * Railway News” of Loud in reports the traffic rcoript*
•
for the week cading July 2,3 of 55 ruiwsvs o r the United
Kiogdom which make weekly returns at £1,834,440, against
£1.737,330 in the corresponding week of last year, an increase
of £37,K>1.
For the four w-eka of to ■ current half-year re
ceipts w e r e £7,136,961. an increase of £174.375.
The following return shows the position of the Bank of
England, the Bank rate of discount, the price of consols,
&e., compared with the last three years :
im i.
|8.
JroQia-ion ,
,
P a b n c 4 « p o * !t i .,.- ........................
l i b e r d e p o s it.
................... .
O cv «rtH n e n t* e co rltle »........ .
O tb o r e w n r m m
.........
.
o - « * r r o of n o te * amt o -In_____
C ola A- t>a!lioa, b e ta depart.ra’ tn
P ro p .r R s e r r e to U a b llltte * ,.p . o.
Bank rat* ............... ...o e r c a n t
0 n a o l * . a g per c e n t ................
su rer
........... ................ ...
OioftrituE<Hoane m tn m s
2-06/1.^03
T.TU.Sirt
U a m .i m
n,7$e> M 7
2'».43L157
;>«K
2
11215-19
118.84 W O
1800
J uly 20.
2?,422.475
7,105,075
55. IV* M 2
u ,m o ,m
28*480.737
37.257,007
47.880,142
5»M
n
tl3 r ,-M
31»J.
124.700.000
1895.
J u ly V L
1891
A w j, t.
26,831,fSm
8,027.004
41,022,559
14.090.370
29,877.694
28.102.34.8
38,134,008
A7M
2
26.707,430
5.903.728
37,828,243
12.07n.088
19.805,217
26,371,005
88,301,757
0*«
2.
101«
w %
S T lf-iO d .
a o t t ii..
178.787.000 188,092,00 0
w r i t e a s f o l l o w * u n d e r date of
July 39:
(inld—All the recent nrrivais have been taken, a* h-fore, tor export
to th " Continent. I
’t.e il -inam l M em l'ly c in tlm ios. T h - B t n k f B ugl*uu hi* rvoelvwl dun g 'lie week, £ .6,0 J in Sir h
,
'J
reignArrival*!
New *attl«w1, £ 7,004s Ahatrali*. *4rt4.«60i Cttln.i, S6.0UC: OAgtetowh,
M e * 8 f8 ,
7,1- / ' o ’
P ix te y
&
A b e ll
itg.ooj.
Total, & 7 i )i x O ') .
Shipment* !o Bombay,
S i i v e o —S ln e n we, last w r o t e , lie t r y - tie s o a u A e d a n e rim is f a ll lit
r w * . r e s in iln g in 2 8 %(t. b e t n g q u o t e t y e s t o r ila y . Even u t t ills l o w
> «I N e w V o r k < o fnj. ly; lint { it'll, m ilu uttnil n to p p >t (nnhnr tin
V
* !(|
[ e l ln e . a n a t o -d a y t h e m a r k e t c lo n e s s early a t 28r ,,,< l , w lih n o s e lle r * ,
Ttio quotation of 26 s- i. is th e inwo-t, tbat haa b e e n s o far r e c o r d e d .___ -
E
The Indian price is Rs. 71% per 100 T»laU>. Arrivals: Now York
hlpmonts to Bombay
£194,000; Oiiill, £68,000. Total, 4262,000.
£91 500.
Mexican Dollars.—These ooln have been sold during the week at
26d.; the last price being 25%d. Shipments to Penang, £12,300.
Toe quotations for bullion are reported as follows:
J u ly
Gold.
29
d.
77
78
76
76
76
76
76
11%
0
0%
1%
5%
3%
3%
771 1 %
77 11%
76 0%
76 1%
76 5%
76 3%
76 3%
d.
Bar silver, flue... oz.
Bar Bllver, oontain'g
do 5 grs. gold.oz.
do 4 grs. gold.oz.
do 3 grs. gold.oz,
Cake silver. ___oz.
Mexican dollars.oz.
261516
26%
2 6 » ,e
28%
25%
P ieces.
V a lu e .
30.
J u ly
23.
J u ly
10.
J u ly
27%
2 7 li16
27%
29%
26%
37,700
»
1,884,973 37,699,460
668,181 6.681,810
618 275 3,091,375
377,000
10,629
Bank
R a te .
O pen
M a rk el
Bank
R a te
Open
M arket
Bank
R a te .
Open
M a rkei
Bank
R a te .
Open
M a rk ei
2
3
m
2
2
IH
2
377,0 0 0
3,182,058 47,499,217
90,000
544.000
790.000
45.000
136.000
79.000
8,827,351
9 '5 ,3 9
2,863,168
3,531,728
1,424,000
260,000
537.000
700.000
26,850
7,000
3
3
3
8
3
4
6
6
5
2«
3
3
3
3
3
4
6
5
5
Quarter dollars.......
Dimes........................
m
2%
2%
2&
i«
TH
2H
3
3
3
3
4
0
6
5
2
i
5
3
3
3
3
3
4
0
5
5
2%
2%
2
3W
m
4
5
1%
2^
2%
2
3%
4%
4
5
2%
m
2%
Total minor..........
1,237,000
33,850
2
Total ooinaee___
2,698,700
670,850
SH
OH
4
5
The rates for money have been as follows :
I n te re s t allow ed
f o r d ep osits by
O p en M a r k e t R a te * .
Trade B ill* .
B a n k B ill*.
-Disc’ * H ’st
£
A t 7 to U
S ix
Four
S ix
T h ree
S tock
Thr< e , F o u r
cq M o n th s] M on th s M onth* M on th s M on th s M on th s B a n k s. Call. D a y t
13-10-% 15-10
13-18 15-16(^1
13-10 15 16<ai
13-10 1 15-10
13-10 15-10&1
i% @ i%
H
D6
1M 1% @1«
1®1% 1%@1W 1%@X%
1
1M m m u
%
%
%
K
15*
lH
154
i%
V4
♦
1*8
*
%
H
%
H
H
H
H
• 1%®1 5-16.
The following shows the imports of oereal produce into
the United Kingdom during the first forty-seven weeks of
the season compared with previous seasons:
IMPORTS.
1896-7.
1895-6.
Importsol wheat,owt,60,566,350 62.472.010
Barley.......................... 20,069,500 20,413,042
O ats............................. 16,339,6^0 12,709,->80
Peas............................. 3,025,435
2,323,450
Beans........................... 2,497,180
2,937,612
Indian oorn................. 53,134,260 31,9-5,370
Flour............................18,363,120 18.042.200
1894-5.
68,877,516
23,408,374
13,776,597
2,112.289
3,937,162
23,487,304
17,756,020
1893-4.
60,160,424
28,858,167
12,231,957
2,13',520
4,835,675
33,982,746
17,509,024
Supplies available for consumption (exclusive of stocks on
September 1 ):
---------1896-7.
1895-6.
1894-5.
1893-4
Wheat Imported, owt.80,566.350 62.472.010 68,877,516 60,160,424
Imports of flour......18,363,120 18.042.200 17,756,020 17,509,024
Bales of home-grown.23,000,000 14,065,831 19,644,812 19,617,795
Total.................... 101,929,470 94,580,041106,2:8,348
1896 7.
1895 6.
1894-5.
Aver.prioewheat,week.28s. Id.
24s. Od.
24s. 4d.
Average price, season..28s. 8d.
25s. Od
21s. Id.
97,217,243
1893-4.
24s. 6d.
25s. 6d.
The following shows the quantities of wheat, flour and
maize afloat to the United Kingdom :
T h is w e e k .
L a st w eek .
Wheat............... q rs... ? Qin Ann <
Flour, equal to q rs... $ 84u,oou £
M aize............... q rs... 640,000
650,000
230,000
710,000
1896.
1,178,000
242,000
803,000
1895.
3,211,000
150.000
697.000
E n glish F in a n c ia l M arkets—Per Cable.
The daily dosing quotations for securities, &c. at London
are reported by cable as follows for the week ending Aug. 13:
London .
Bllver, permittee.......d.
Jonaolfl., new,
p.ote.
For aooount...............
Fr’oh rentesfin Paris) fr.
Atoh. Top. & Hanta Fe.
Do
do
pref.
Canadian Pacific..........
Chesapeake A Ohio.......
Chic. Milw. A 8t. Paul
Deny. ,t Rio Gr., pref..
Erie, common...............
1st preferred..............
Illinois Central..............
Lake Shore
........
LonisvlUe & Nashville.
Mexican Central, 4a ..
Mo. Ks-v ~ Tex., com..
N. Y. GeiA’l & Hudson.
N. Y. Ontario A Wes’i’ n
Norfolk
vVest’n, pref.
No. Pac. p r e f t r . recta.
Pennsji.aiiin ..............
PMla. A Read., per «li.
South'., Railway, com..
Preferred................ .
Union P^-ltlc............ .
Wabash vvcforrol.......
S a t.
! M on.
Tues.
8,827,351
457,689
715,792
353,173
16,137,626 10,354,005
8,6°0,681
21,769,293
434,034
217,693
30,449,974
651,727
49,768,658 58,504,949
C h a n g e s in L e g a l T e n d e r s a n d N a t io n a l B a n k N o t e s t o
A u g u s t 1.— The Comptroller of the Currency has furnished
us the following, showing the amounts of national bank
notes July 1, together with the amounts outstanding
August 1, and the increase or decrease during the month ;
also the changes in legal tenders held for the redemption of
Bank notes up to August 1.
n a t i o n a l B a n k V o te s —
Amount outstanding July 1, 1897 .
Amount issued during July..............
Amount retired during J illy............
J51«,467
1,115,657
Amount outstanding August 1 ,1 8 9 7 *..
$231,356,126
597,190
$230,758,936
L e g a l T e n d e r N o te s —
Amount on deposit to redeem national bank
notes July 1 ,1 8 9 7 .....................................
Amount deposited during July...............
Am’ treissned and bank notes retired in July
$709,830
1,115,879
$24,666,029
406,049
Amount on deposit to redeem national
bank notes August 1 ,1 8 9 7 .......
$24,259,980
♦Circulation ot National Gold Banks, not included in above. $85,320.
According to the above the amount of legal tenders on
deposit Aug. 1 with the Treasurer of the United States to
redeem national bank notes was $21,259,980. The portion of
this deposit made (1) by banks becoming insolvent, (2) by
banks going into voluntary liquidation, and (3) by banks
reducing or retiring their circulation, was as follows on the
irst of each of the last five months:
D e p o s its by —
A p r . 1.
$
1,184,253
4,825,026
M a y 1.
$
1,129,394
4,852,970
J u n e 1.
$
1,341,479
4 858,243
J u l y 1.
A up. 1.
$
1,394,962
5,216,306
$
tnsolv’nt hks.
1,316,432
Liquld’g hks.
5,285,606
Red V g unde,
aot of 1874. 17,981,913 18,051,331 18,448,049 18,054,761 17,657,942
Total....... 23,941,192 24,033.695 24,650,77' 24.666,029 24,269,980
* Aot of June 20, 1s 74, and July 12, 1882.
N ational B anks .— The following information regardin
national banks is from the Treasury Department:
NATIONAL BANKS ORGANIZED.
5082.—The National Exchange Rank o£ Springfield, Missouri (oaoita
$100,000), James E Keet, President; Edward L. Sanford*
Cashier.
5033.—The Vinita National Bank. Vinita, Indian Territory (cipltal
$50,000); William Little, President; Davis Hill, Cashier.
CORPORATE EXISTENCE OF NATIONAL BANK EXTENDED,
2366. —TheQuakertown National Bank, Quakertown, Pennsylvania
until June 25, 1917.
2367. —The First National Baukof Eaton Rapids, Michigan, until July
3, 1917,
IN LIQUIDATION.
W ed.
26
25%
25%
25%
1131,8 111215,0 112**16 11213
11213,8 1128,.
113*8 113
05-32% 105-45 105-35 05 321
15%
15
14 •8
‘
15%
313q
29 L
j
29%
29%
7 4^
74%
73%
7413
22%
22
2214
22 L
*
91 »4 j 95%
94%
96%
48% ! 43%
48%
48%
18
18%
17*3
18%
42 4j
42%
42
43 13
109
|ll2% 110
112
177
1
178
178
178
61%
60%
61%
613*
69
69
68 *4
67%
15*2 i 15%
15%
15%
111014 109
109
110
17i0 [ 17%
171
8
17 14
34%
34*2
35
48
, 48*3
48%
50's
57% 1 5 7 %
56%
57
135a ! 1 3 \
13%
13 %
n%
11%
11
11*4
35%
35*4
31%
353t
9
i 9%
9%
9H
ir^
18%
13%
18%
*26.572
37,700
Total gold............
Standard dollars....
9.
V a lu e
P ie c e s .
$
'5ollars......................
J u ly
Part*... .........
Berlin...............
Hamburg ....
Frankfort........
A m sterdam ....
Brussel*.........
Vienna...........
at. Petersburg.
Madrid...........
OoDenhatren.
S e v e n M o n th s 1897.
J u ly .
D en o m in a tio n s.
2 6 ’ is 27%
The Bank rate of discount and open market rates at th e
ohlef Continental cities have been as follows:
R a te * Of
In terest at
C o in a g e b y U n it e d S t a t e s M in t s .— The following state
ment, kindly furnished us by the Director of the Mint, ah wg
the coinage at the mints of the United States during the month
of July and for the seven months of 1897.
22.
d.
s.
Bar gold, flne....oz.
Bar gold,parting.oz.
Spanish, old........ oz
New..................oz.
U .8. gold coin...oz.
Gerra'n goldcotn.oz.
Frenob gold ooln.oz.
J u ly
d.
22.
©anxmevcial and 2#ttsceIIatie0tis Ilettrs
J u ly
Si l v e r .
L o n d o n S ta n d a r d .
J u ly
2 9.
L o n d o n S ta n d a r d .
nly 2 2
‘
92
“
16 2
'* 23 2
“
30 2
[V l. L V
o X,
TBE CHRONICLE.
264
25%
25%
112% 112%
1112k! U 27,9
!05-07 % 10500
I 16
16%
32*2
33
: 73%
72%
22*2
22%
96%
96%
48%
48
I 18*2
18%
43%
43%
,109*2 109
! 178
i 03*e
*63""""
87*2
67%
I 16%
16*2
110
109
18*4
18%
35%
36%
I 51%
52
57
57
14*6
14
12
11%
I 36%
36%
13
14
i 19
19%
1442.—TheTIanoock National Bank of Boston, Mass lohusetts, has gone
into voluntary liquid ition, by resolution of ns stockholders
dated May 20,1897.
2423.—The Fourth National Bank of Columbus. Ohio, has gone iuto
voluntary liquidation, by resolution of its stocab alders dated
June 15, 1897. to takeeffeot June 16, 1397.
3953.—The Natloual Bank of Hsppuer, Oregon, has gone into volun
tary liquidation, by resolution of its stockholders dated June
19, 1897, to take eft at on that day.
4893.—The South Milwaukee National Bank, South Milwaukee, Wis,,
has gone into voluntary liquidation, by resolution of its
stockholders dated May 12, i a 47. to takt effect Ju y l, 189 7.
3114.—Tile First National B^nk of Alamosa. Color ado. has gone into
voluntary liquidation by resolution of its stockholders dated
July 1,1897.
4464.—The Metropolitan National B ink of Kansas City, Missouri has
gone into voluntaryliquidation by resolution of its stockho’ders dated Juno 30, IS97.
3503.—The Atlas National it ink of Chicago, Illinois, has gone into
voluntary liquidation by resolution of its stookn tlders dated
February In, 1397, 3570.—Tile Farmers’ Naii mil Bank of Culpepper, Virginia, has "one
into voluntary liquidation by resolution of its stockholders
dated July 12, Isa7f
1 3 0 3 .-Tile Mercantile Natihnal Bank of Hartford, Conn , ha*> gone
into voluntary liquidation by resolution of its stockholders
dated July 20, 1397
3239.—
The First National Bitnk of 9t. Louis, Michigan, has gone into
voluntary 1 qttidatiim by resolntio of its stookho’ders dated
July 1, 1897, to ta i" effeot July 6,1897.
THE CHRONICLE.
A ugust 14, 1887.]
3 9 3 8 .—The Wellaborotnrb. National Bans. V'eUsboroueh, Pennsylvania,
haa gone into voluntary liquidation by resolution of its stock
holders dated August 5. L»97. to take effect August 8,1897.
IXSOI.VSST.
535.—The Keystone National Bank of Erie, Pa., was on July 26,1897,
plac. d In the hand* of t n o t it. Hayes, receiver.
F or
ton
265
T rade
N e w Y o r k — M o n t h l y S t a t e m e n t .— I a-.
of
addition to the other tables given in this department, made
up from weekly returns, we give the following figures for
the full months, also issued by onr New York Custom House,
The first statement covers the total imports and exports of
1332.—The Merchants’ National 8 ink of Jacksonville. PIa., T. V. merchandise and the Customs receipts for the seven months
Porter, appointed receiver in place of E. I . Shubriofc (re of the last two seasons.
Strader,
MOXTH.
W as o n J u l y 2 9 . 1 3 9 7 , p i a c e d i n t h e h a n d s o f S a m u e l A.
S w ig g e d , r e c e iv e r .
following are
the imports at New York for the week ending for dry goods
Aug. 5 and for the week ending for general merchandise
Aug. 6 ; also totals since the beginning of the first week in
January.
Im po sts
and
Exports
for the
W
For week.
1891,
1895.
1896.
1897,
Dry goon*.......
G enl mer’dlae
$1,253,957
1,878,109
$2,201,011
4,206,154
$3,076,992
7,234,166
$1,903,139
6,211,111
T o ta l........
$5,933,366
$6,110,198 $10,313,155
$8,117,830
Since Jan. 1.
1897.
e e k .— The
FO&BI05 IMPORTS AT SBW YOBS.
Dry good*....... $90,789,515 $70,796,203 $88,998,156 $40,839,212
Gen i tner’dlae 236,75 6,765 208,901,096 221,237,231 211,855.950
J a n u a r y ....
F eb ru ary...
M arch........
A p ril,,,
M a r .......
J a n e ,,,. . . .
J u ly ,.......
T otal...
1897.
1895.
1891.
$6,111,892
195.310,519
fS ,210,367
213^31,290
1896.
1
553,407,094
30,318,701
31,532.48"
31,112,556"
34,959,8033.792.9i-8
31,142,80?
Im porta
Kxroirrs
as o
0 <M
\
utroftT*
of
* ru ci«
at
Ereerh
sa w m att.
tm porit
Week.
Wmk,
Since Jan. 1.
73
$112,689
South America......
All other conntrlea.
15,477,473
$750,000 11.780.000
2.500,
472.177
...........
2,030
5A00
167.067:
............
750,200
$278,123
7.-05
10,921
130
10
lp56MSa
91.387
153,2811
173,105
Total 1 «0 7 ......
Total 1*!>0........
Total 1895......
$757,000 $29,028,907
36.050 50.016,842
2.096.800 40,261,615
$207,352 $2,-92,478
82,960 18,997,216
40.631 21.732.800
Great Britain.........
W*#t Indies...........
miter.
Exporte.
Week.
Since Jan. 1.
$981,310 $27,319701
fe8,000
F r a n c e ..........................
5,750
Germany........... .
West Indie*.............
231,701
M exico............... .
500
South Am erica....,
430
150,921
All other countries
1,983
1 ..................
Great Britain..........
Total 1897.........
T ota l 1 8 9 6 ......
T o t a l 1 8 9 5 .......... 1
8981,770 *29,378.679
1 ,1 5 5 ,3 6 7
8 9 9 ,6 1 8
3 1 ,2 5 0 ,6 8 5
2 2 .1 6 0 .3 8 7 i
Import*.
Week.
1
Since Jan l.
...........
123
. . . ___ !
$27,626
31,286'
350!
833 '
$51,601
1,143
2,321
181,670
869,169
561,269
28,600
$60,218 $1,O'‘ 6.033
107.277
1.656.730
68.250
1,169.531
O f the above imports for the week in 1697 $14,861 were
American gold oo1n and $1,613 Am“rtcan silver cola. Of the
exports during the same time $757,900 were American gold
coin.
—Th« Hand-Book of Railroad Securities, issued from the
C hronicle office in July, gives the monthly high and low
prices for stock* and bonds for 1896 and to July J, 1897. It
also gives the yearly range from 1891 to 1896 inclusive. Par
ti-s desiring a monthly range for a series of years will find it
in our annual— The Financial Review, where the monthly
1897.
1896.
*
%
33,801,742
7,705.400
27,377,902
8,839,780
30,003.815 17*379.633
29,929.852 17,711,333
29,862.918 9.092,276
30,822,094 14,7-8,780
30,830,037 12,309.57*4
87.4-0.800
$
10,424,675
10,077,443
9,320,014
7,584.037
7,360,(59
7,213,822
8,259,048
60,2Sa598
1897.
J a n e a r r..
Fabrtiikry,«
M arefi. . . . . .
A aril. . . . . . .
M a y . .. ,, ,. . .
J a n © .,....,.
July..............
1896.
S
2*1,329
286,102
0O«,S51
299,03*
m jm
339.826
230.018
S M .M B -N X W T o n s .
1
1
E xp orts.
ia#7.
*
7,217,065
9,792.44 0
289.107
708.781
■ m .m
378,885
359.047
is m
*
302.281
185*181
807.58I
0,567,602
0,453*187
7.318,203
4,551.13.
2,*312270 18,957,229 29,018,100
;
Im ports.
E xp orts.
1897.
1897.
*
»
10,838,473!
950,934
1,609,! SO
*
80O,58I
845,455
304.605 j
3 ,2 7 V 771
928,194
18,085.451
1,074,185
5,875.013
1*518,054
S.99aS70j 1,004*900
_ 7,788,253
*
3,421,008
8,753,205
4,233,532
4,450,520
8,685,332
4.SQ9.637
3.812,615
27,095,109
City Railroad Securities.— Brokers’ Quotations.
Total 31 weeks *213,l!>3,590 $227.:i lu.HlO 8201.032.131 *222.171,603
The following table shows the exports and imports of specie
at the oort of New York for th» week ending Aug. 7 aud
since January l, 18k?, and for the corresponding periods in
1806 and 1895:
1806.
Goto Movement at new took .
T o ta l...
For the t w k
97,183,811 *5.993.896
Prev. reported. 236.001,030 221,351.111
1807.
%
44,795,519
40.981.021
42.285,571
37,918,059
35.638.091
30.507,351
33*254,110
311,003*831 27! ,4559.73) 229,027.001 i 12.62-.4,'0
MONTH.
In our report of the dry goods trade will be found the im
EXPORT* PROM SEW TORll FOE TUB WEEK.
1808.
*
34,115,110
38,974.044
403**8.300
59,939.218
43,851,475;
49,074,612
33,400.976'
The imports and exports of gold and silver for the seven,
months have been as follows:
Total 31 week* $327,5763180 *279,786.299 $3X0,235,410 $261,695,162
port of dry g< ods for one week later,
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign porta for the
week ending Aug. 9 and from J tnuiry l to dute s
M SRCH A?r»ISa MOVEMENT AT NEW YORK. C u s t o m s R e c e ip t s ,
a t New Y ork.
E xp orts.
Im ports.
11
take effect July 28, 18 i7.
1813 —The Merchants A Miners’ National Bank of Phllipsburg, Mont.,
SI
_
appo utel receiver to place of F. W. Hawkins (resigned), to
1
signed), to take effect tog a -t 2, 1897.
4 1 5 8 . - The First N dional Batik of anaoor e-, Wash., P. W
Bid.
A»k.
B id.
— -
Atlas. Are., is kirn—
Com. 5*. g„ U f l AAO }103
Impt, S i r , 1831 JAJ
77
Bl’rek.St-AFal F - .“ IE.; 30
l»tw w .,?».l8 0 0 J.tJ n os
Il’wnr <S
t7th Are,Stock 209
l»tmon,.5», m u l i b
106
164 :
l«t.go;<!,5*. l><82..J,tJ 115
scrip.............. . ...
SO
33
Ask
D, D. E . B . A B a t’y - S t k . , 190
J101
E l j b ! ‘ i A v e n u e —S t o c k ... 320
108
Scrip, 6*. 1911...........| 100
205
12.1 A O r. s t . F e .--S to c k s » 2 0
13.1 8 1. M an. A a t . S . A v .
35
1st m o r e n s .1 9 lO .J I .s s j l l O
ns
2 d ninrt In com e6a..I.S J
60
108
K in g s CO Turn.—s t o c k ..
40
120*$ Lev. A t e , A l‘ :,v l-*1' l y 5s 119**
M e tro p o lita n T r a ctli « ...
122 H
104
N assau E le o , f s , 1 9 4 1 ... 100
N 'Y -A Q iuh-us C o .
194 8
116
108 ' s t t -ln w a y l- t 6 m.'33 J A J
loa*. N in th A t o n n e —s t o c k . . . 160
S e co n d A v e n u o —S t o c k .. 120
in tm o r t.,5 * ,1 9 0 t* ,M * N 10.4
Dr b en t u r o ts . 1909..I A J 102
BHh Sixth Aveoce—
a*, 1M4.
........A AO 1 86
Stock__ 190
C
’rntra1Cron,town—Silt | jfi*
T h ird A v e n u e —S t o c k . 1S4
1*1 M ..6 » . 1922. M A N 4115
U t m e r t .S s , 1 9 3 7 ..JA .) 122
e « » . I’ k .X .A E R l r .— itk 171
T w e n ty -T h ir d e t . —S t o c k 300
C onsol- 7s, 1002. , J 1 1 ) 113
Jieb.5*. 11*03...................
103
C o lu m b u s A- Bib A r e . 5*. I ! )■>■* 120
U nion R v —S t o c k .........
ib T
c h r G t ’ p’ r A lOrb S t —S tk I 155
1-1 5a, 1 8 4 2 ........................ {1 0 8
!0<>
1st inert.. 1899. A S O : 102
104
X V o s lc h c -t’ r. l - t , g u .. 5 s flOO
2 6 m art., « * , U M 4. J A J S107
lrw a fln t.5 -.K U o r.1 9 H 4 1116
2d * « , t a t a » r e u t 'l .l 905 101
120
OOBAol. 6 a « M 3 .J A J
M « » .8 t .R » . s « n . 5 » , ’0S 1 .........
B ro o k ly n C ity—S l o e * . I 198
C m ol. 5«. 1 9 4 1 .. J A J f 111
B tflin.C ro*A t'n »«.1B 081 106
BkTBU 'u* O o .A S u b . 1st 1<S
Bkl*n c . A X c w tN r a —S :k J60
5#, 1939 .................
118
B ro o k ly n R a p id T r a n o it . ! 32
US
lj L
Iff
4 And accrued Interest.
Was Securities.— Brokers’ Quotations
CIAS C O M P A N I E S .
: Bid. ! A,k-
B’klyn Onion Gas-Stock. 118
Bond*-.________ __ _ 115 :120
_
!
ra
t
..,
...............
205
Conan mer,' (Jersey City). 71
Bonds.............. .
101
Jersey City A Hoboken.,. 185
M e tro p o lita n —B o n d s.........
Mutual (X. v.)............
X. V.A East ftlr. IstS*..
P r e fe r r e d ...........................
£2
113
Common.......................... 'U
Consol. 5*.................... 118
GAS COMPANIES.
|
h id .
People?# {Jersey City;...
Wl
let
......
Felton Municipal Ga..—. 105
Kqti*fable ... . ...........
B
0s, 1809............ 103
M
50
» U Paul. . . . . ..... ...............
78
131
28* !
124
114 !
84 h
Western Oaa......... .........
90
Bonds, 5a...a.. . . . . . . . . . . . 101
118
iS
S
A»k
170
i r
52*a
80
135
129
85
102
Auction Sales.— Among other securities the following, not
regularly dealt in at the Board, were recently sold at auction:
By Messrs. Adrian H. Muller & Son :
S h a r e* .
B o n d !.
50 Cotmnonwoalth Ina. C o..105
10 Atrier. Automatic Banjo
Co......$100 each...$6 per 8b,
$6,000 Dry Dock E. B. A Bat.
KR. Co. 5 p. o. oert. of indibtedoees............................ lO ll*
$5,000 Genesee A Wyoming
Val. Ry.Co. Iet0»,’20. J&D 21
range to given for five years. The 1897 issue includes 18921896, Copies of the 1883, 1888 and 1893 issues can be had
carrying the range back to 1378; price two dollars per copy,
g i t l i n i n g it m l f f t m t u c t a l
— The Hecker Jones-Jewell Milling Company has declared
a quarterly dividend of 3 per cent on preferred stock, pay
able September 1, The coupons on first mortgage bonds, due
S p e n c e r
T r a s k
&
C o .,
September 1 will be paid by the Franklin Trust Company,
Brooklyn.
BANKERS,
.
.
.
NEW YORK.
—A dividend of one and one-half per cent has been de 2 7 & 2 9 P I N E S T B R E T ,
6 5 S la te S tr e e t, A l b a n y .
clared on the Central Trust Ceriificates of Deposit of the
IN V E ST M E N T SE C U R ITIE S.
Chicago Oaa Company, payable August 25 at the Geo Irti
Trust Company, New York.
A i. hxa . tieh M. W hite, Ja
n
— Attention is called to the list of bonds advertised in our Georoe B arci.at M offat .
Municipal Department by Messrs. Mason, Lewis & Co,, Bos
M o f f a t & W h ite,
ton and Chicago,
BANKERS,
—Messrs. Parson, Leach A Co. offer for sale $100,000 Syra
cuse. N. Y ,, 3l£a.
Street,
Price on application at their office, 2 W all
N o. 1 NASSAU S T R E E T ,
.
.
.
NEW YORK
IN VE STM E N T SE C U R ITIE S.
[V l L V
o. X .
THE CHHOMCLE.
26b
D IV ID E N D S .
P er
C e n t.
N am e o f C om pany.
Railroad** ( S t e a m .)
W h en
B a y a b le.
B o o k s c lo s e d .
( D a y s in c lu s i v e .)
3
1% )
2 J
23j
1
2
pref.
Mexican Northern (quar.).........
■Street R a i l w a y * .
Third A> enue, N. Y . (quar.).......|
M laeellaneons.
Adams Express (quar.) —
American Coal....................
Heck.-Joues-Jewell Mills pf. (qr.)
United States Oil.................
Welsbacli Commercial prf. (qr.).
Sept. 1
1
Oot.
Sept. 1
Sept. 2
Aug. 25
19 to Sept. 1
21 to Sept. 2
12 to Aug. 19
2
Aug.
14 to
Sept.
1
20 to
l1
Sept.
22 to
1
Sept.
to
Aug. 15
Sept. 1 Aug. 21 to
Sept. 1 to
Sept 10
30
Sept. 1
Sept. 1
Sept. 21
Aug. 31
Sept. 10
W A L L ST R EE T . F R ID A Y . A UG. 13. 1 S 9 7 -5 P. M.
The Money Market and Financial Situation.— Business
in W a ll Street has this week assumed larger proportions in
all departments and activity lias developed in all classes of
railway securities, including many hitherto dormant issues.
Values have continued to advance, with slight interruptions,
and in this respect the expectations of the most sanguine
optimists have been more than realized; notwithstanding
the fact that London has continued bearish in sentiment
and has taken very little interest in the movement in prog
ress here. Latest reports from the other side, however, are
to the effect that .the sentiment there is changing, and it is
quite possible that foreign buying of our securities m ay be
come prominent in the near future. There is no diminution
of local interest at the moment and W a ll Street does not
need any new stimulant.
Present conditions are due chiefly to the evidences on
every- hand of new activity and returning prosperity, which
has been so long delayed. The number of railways which
are reporting substantially increased traffic is becoming
larger each week, and from all quarters are coming reports
of a revival of industrial enterprises.
The export demand for wheat shows no sign of diminu
tion and indeed promises to continue through the year. In
response to this feature wheat has this week sold at the
highest price quoted for it since 1891, and the benefits
which seem to be assured to the country- from this source
will be large and widespread.
The foreign exchange market is abundantly supplied with
grain and cotton bills, and as the demand is limited rates
have further declined. The London money market has be
come firmer and private discount rates have advanced.
There is a better local demand for money and higher quota
tions are looked for.
The open market rates for call loans on the Stock E x
change during the week on stock and bond collaterals have
ranged from 1 to 1% per cent. To-day’s rates on call were
1 to 1% per cent.
Prime commercial paper is quoted at 314
to 43d per cent.
The Bank of England weekly statement on Thursday
showed a decrease in bullion of £366,778 and the percentage
of reserve to liabilities was 51-22 against 49'93 last week; the
discount rate remains unchanged at 2 per cent. The Bank of
France shows an increase of 9,200,000 francs in gold and
50,000 frvncs in silver.
The New York City Clearing-House banks in their state
ment of Aug. 7 showed a decrease in the reserve held of
$3,921 .200 and a surplus over the required reserve of $41,002,125, against $45,720,150 the previous week.
1897.
A u g. 7.
D i f f t r e n ' s fY m
I 'r e v . w e e k .
Capital..................
Surplus.................
Loans < (liac’nts.
fe
Circulation..........
Net deposits........
Specie............ .
Legal tenders___
Reserve held.......
Legal reserve....
$
$
59.022.700
. . . . . .......
74,363,900
...............
549.562,100 Inc .6,566.200
13.384.700 Dec.
46,400
626,232,300 Iuo.3,187,300
92.129,800 Inc. 632,400
105,430,400! Dec.4,553,600
19?,560,200 Deo.3,921,200
156,558,075 Inc. 796,825
Surpl us reserve
11,002,125 Deo.4.718,025
1896.
A u g. 8.
1895.
60,622,700 62,622,700
73,294,000 71.542.100
468,037.600 510,976.100
14,963,200 13,173,000
477,161,500,573,677,300
46,545,800 65,480,500
86,560,909; 116,879,600
133,106,700! 182,360,100
119,291,125 143,419,325
13,815,575
S ix t y d a y s .
In terest
P erio d s.
A ug.
A ug.
Aug.
7.
9.
Aug.
10.
11.
........................reg. a -M e h . * 97%
1 9 0 7 .............reg. Q .-Jan. n n %
1907...........coup. U .- Jan. U2»a
1925 ______ reg. Q .-F eb. *125%
1925........... coup. Q .-F eb. *125%
1 9 0 4 .............reg. Q .-F eb. *113%
1904........... coup. Q .-F eb. 113%
cur'cy, ’9 8 ...reg. j . & j . '102
eur’ey,’99-.-reg. j . & j . *105
(Cher.tl898.reg.! March. *102%
(Cher.)1899.regJ March. *102%
* 97 * 9713
*111% 112
*112% *112 19
-1251a 125%
*125% 125%
J137 *113%
8
1137 *113%
8
*102 *102
*105 *105
*102% *10214
*102% *102%
A ug.
12.
* 97%
*111%
*112
125%
1253s
*11338
113%
*102
*105
98%
*11134
112
*12538
-1253s
*113%
1133s
*102
*105
*10214 *102%
*102% *10214
A ug.
13.
* 9719
*1117
8
*112
125%
*12533
*113%
*1133s
*102
*105
*10214
*102%
- This Is the price bid at the morning board; no s a t e was made.
United States Sub-Treasury,—Th^ f 'flowing table snows
the daily receipts and payments at the Sub Treasury;
B a la n c e s
D ate..
R eceip ts.
P a ym en ts.
Aug. 7
“
9
“ 10
“ 11
“ 12
“ 13
$
2,579,992
3,923,332
2,049,774
3,370,660
2,953,133
3,136,800
2,483,732
4,164,185
2,684,060
2,987,943
4,442,051
3,886,569
Total..
18,013,591
20,648,540
C o in .
$
148,996.489
148,852,202
148,794,390
148,781,107
148,667,754
148,584,321
(Jot.it C e r t's ^
$
1,947,127
2,112,896
1,706,824
2,043,406
1,872,339
1,843,955
C u rren cy.
59,345,516
59,083,164
58,912,837
58,972,255
57,767,757
57,129,806
.................... 1
Coins.—Following are the current quotations in gold for
coins :
Sovereigns........ $4
88 @ $ 4 91
Napoleons........ 3
88 @ 3 92
X X Reicbmarks. 4 78 @ 4 82
25 Pesetas......... 4 78
@ 4 81
Snan. Doubloons.15 50 @15 70
Mex. Doubloons.15 50 @15 70
Fine gold bars... par @11 prem.
Fine Silver bars.. — 55% ® — 57hi
Five francs.......... — 90 @ — 96
Mexican dollars.. — 42Q @ — 4 4 ^
Peruvian sols___— 387a @ — 41 hi
English silver___ 4 86 @ 4 90
U. S. trade dollars — 60 @
75
State and Railroad Bonds.— Sales of State bonds at the
Board are limited to §5,000 Tennessee settlement 3s at 85
and §1,000 Alabama class A at 107%.
The demand for railway- bonds has increased and on sev
eral days of this week the par value of transactions has
exceeded four million dollars. O f course under such condi
tions higher quotations are the rule, notwithstanding some
weakness to-day in sympathy w ith the stock market.
This
feature is most prominent in the Kansas Pacific 1st consols,
which advanced 6 % points.
Several issues advanced 2
points or more, including Mobile & Ohio general 4s, San
Antonio X Aransas Pass, Union Pacific Denver & Gulf,
Brooklyn Elevated and Union Elevated bonds. A large
list of quotations is higher than our last, including
Atchison adjustment 4s, Chesapeake & Ohio general 4% s,
Erie, Missouri Kansas & Texas 2ds, Northern Pacific general
lien 3s, Oregon Short Line income A s, Reading general 4s, Rio
Grande W estern, Southern Railway and Norfolk & W estern,
among others. Special activity is noted in the Atchison,
Chesapeake & Ohio, Central of Georgia, Erie, Kansas Pacific,
Missouri Kansas & Texas, Norfolk & W estern, Northern
Pacific, Oregon Short Line, Reading, San Antonio & Aran
sas Pass, South. Railway, Texas Pac. and Union Pac. bonds.
A u g . 10.
38,940,775
Foreign Exchange.— Except a slight tendency to firmness
on Wednesday, the market for foreign exchange has been
weak, especially for long bills, which are quoted at the
lowest rates of the year. Grain hills are freely offered and
some cotton bills have appeared. The demand is limited.
To-day’s actual rates of exchange were as follows: Bank
ers' sixty days’ sterling, 4 83% @ 4 8 3 ^ ; demand, 4 85340
4 85% ; cables, 4 85% @ 4 86.
73
Posted rates of leading bankers follow :
A u g u s t 13.
United States Bonds.— Sales of Government bonds at the
Board include §14,500 4s, coup., 1925. at 125% to 125%;
§16,i 00 5s, coup., at 113% to 113%; §2,000 5s, reg., at 113%;
$6,0 0 2s, reg., at 98%, and §1,150 4s, reg., 1907, at 112. The
following are the closing quotations:
15 to Aug. 30
o
4
2
5
lkj
2
Tbe 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 3ij premium; New Orleans, bank, $1 00 premium;
commercial, 50c. discount; Chicago, 20c. per §1,000 pre
m ium ; St. Louis, 75@50c. per $1,00(1 premium.
D em a n d .
Prime bankers’ sterling bills on London. 4 84!s®4 85 4 86tfi@4 87
Prime commercial..................................... _ 83 __ 83Q
4
ri>i
.......... .
Documentary commercial......................... ,4 82% ®4 82%
Paris bankers’ (francs:.
........................ 5 20 @ 5195lti5 1 8 1 ^ 51 8 16
Amsterdam (guilders) bankers.................. 40 @40>i« '' 40h«@4OJ<i
Frankfort or firemen (rolclunarks) b’kers 947e@94i5,n l 956,” ®95
Railroad and Miscellaneous Stocks.— The activity which
was noted last week in the stock market has continued with
out interruption and the volume of business has increased.
Prices have advanced with some slight irregularity, the gene
ral tendency being upward, and the net gain for the active list
averages several points. A feature of the present market is
the demand for low-priced shares that have recently been
neglected, the advance in which in many cases is large. The
grangers continue in favor in anticipation of the heavy grain
movement which seems to be assured for the remainder of
the year. Burlington & Quincy advanced over 6 points,
Chicago Great W estern over 5 points, Atchison preferred 4
points and St. Paul 3% j points within the week. The an
thracite stocks are responding to the better conditions which
are likely to prevail in the coal industry- by an advance of
5% points in Central of New Jersey and 6 points in Lacka
wanna. Baltimore & Ohio sold at 17 on Thursday, a gain of
nearly 7 points, and earlier in the week Manhattan Elevated
was in sharp demand, which carried the price up about 12
points to 107%. Sales to realize profits have been on a liberal
scale to-day, and a decline of the active list averaging be
tween 1 and 2 points has resulted.
The miscellaneous list has been relatively steady and ex
cept an advance, averaging 3 points or more, in American
Sugar, American Tobacco, W estern Union, United States
Rubber, Tennessee Coal, Iron & Railway and Colorado Fuel
& Iron, some of which; has been lost to-day, changes are un
important.
THE
A g st 1 , lts ?
uu
4 9 .]
CHRONICLE.
267
NEW YORK STOCK EXC H AN G E —A C T IV E .STOCKS f o r week e n iin 7 A U J . I t , a n i rinee JAN. I , 1 S » 7 ,
HIGHEST AND LOWEST PRICES.
Monday,
Aug. 9.
Tuesday, |
Aug. 10. j
STOCKS.
Sales of
Range for year 1897.
the [On basis of loo-thart lots,]
Week,
Shares.
Lowest.
Highest.
A c t iv e H I t . s t o c k * .
15% 16 Atchison Topeka & Santa Pe. 30,956
9% Apr. 19 16 Aug. 13
315a 32i% 31% 32
Co
prat. 157,181 17 Apr. 19 32% Aug. 12
14% 1 8 % Baltimore A Ohio................... 15,34?
12% 17
9 July 10 18 Jan. 8
32% 31% 32 Brooklyn Rapid Transit........ 13,268 18% Jan. 7 33% July 23
33% 32
760 46% Mar. 29 74 Aug. 3
73
*71% 72% 701% 7 0 % Canadian Pari llo...................
55% 55% 55% 53% 55% Canada Southern.................... 14,169 44% Jan. 13 57 Aug. 9
90% 98% 95% 9 7 % central of New Jersey............ 4",0-8 68% May 24 103% Jan. 19
14 Central Paoitle........................
1,530
12
14% 14% 14
7% Apr. 20 15 Jan. 5
21% 22% 21?8 2 2 % Chesapeake < Ohio................ 55,019 15% Slav. 29 22% Aug. 12
k
.................. Chicago % A lton......................
682 <,147 July 22 >170 Mar. 1
158 §158% 1«0
90% 98% 95% 9 7 % Chicago Burlington it Quincy 214,326 69% Jan. 5 98% Aug. 12
— ‘ 50
52 Chicago A Eastern Illinois...
t
*46
50
50
37% June 7 45 Mar. 13
*97 100% ........ l»OH
Do
pret,
595 Jan. 9 101 June 26
19
20% 18% 19% Chicago Great W estern........ 207,571
20
3% June 23 20% Aug. 12
3,191
10% 10% Chic. Indianapolis & Louise.
11% 510% 10%
9% July 30 1 2 % Aug. 4
5,166 26% July 30 33% Aug. 6
32%
D„
pret.
32% 31
33% 32
94
94% 93 % 91% Chicago Milwaukee A St. Paul 290,901 69% Apr. 19 94% Aug. 12
1,242 130% May 6 143% Aug. 13
142% 142% 143
143%
Do
pref
19,95 * 101% Apr. 19 120% Aug. 11
120% 120 120% 119 % 120 a, Chicago & Northwestern.
300 153 Jan. 12 165 July 13
164 165
104 164 ;
Do
pref.
84% 85% 85% 86% 84 % 86%, Chisago Rook Island A Pad tie 106,614 60% Apr. 19 86% Aug, 12
St
85% 83% 85
07% 09% 07% 08% 68% 69% 68% 60% 68
08% Chicago St, 'Paul Minn. A Orn. 19,485 47 Jan. 2 69% Aug. 9
"
«7% 68
200 133% Jan. 18 148 July 20
114% 141% 143 145 *14 4 145 „
Do
pref.
•142% 144 ; 143% 143%:*144 140
33% 33% 34
32
32% 31% 32% 32
33
31 Clove, CiaelB, Ohio. A St. L... 13,160 2 1 % June 1 31 AUg. 12
32
32>
Do
pref.
75
75
109 63 June Ifl SO May 6
6,919 99% Apr. 1 121% Jan. 6
119% 120
HO 120% 1 3 S m i!)% 119% 120% 120% 121% HO 119% Delaware A Hudson...............
163 103% 163 ta t 1 le t 1 0 2 % Delaware LaekawaunaA West 12,213 146% May 20 164 Aug. 12
158% 159% 159% 102% 161% 163
400
*12% 13% 13
13
13% 13% Denver A Rio Grande
13
13
14
9% Apr. 20 13% Aug. 13
Do
8,957 38 Apr. 20 48% Aug. 13
♦46% 47% 46% 48 8,
47
47%
47% 47% 48
46% 47% 47
pref.
33,159 11% Apr. 19 18% Aug. 11
17%
18% 17% 18
17
18% 18
18% 17% 1 8 V 17% 19% E r ie ....
Do
42% 42% 42% 43 - 42% 43 i
41
41% 41% 12%
40% 42
1st pref. 14,162 27 Apr. 10 43% Aug. 12
25% 21% 25 i
Do
7,111 15% May 24 -25% Aug. 12
23%
23% 21
24% 23% 24%
2d pret.
4% 24% 25
- • ;Great Northern, pref
1.760 120 Jan. 16 131 Aug. 13
124% 126 | 129% 131 jGreat >
122% 122% 121% 123% 5124 124 *120 125
108% 110k xJOd 109 ' ■ 104% 106%; 106% 107% 1%» % 107% 1 tAo 1 1 -7 %LlUlnoi*Oentrai........................ 42,782 91% Apr. 1" 110% AUg, 7
06
06% 0
m .
.»»,(
«*.
«'». '
< .»
%-. r»*._i
a.
•«».
*ti.!
11
n % ; 107, u m .IYaw*C en tral....
% )low * Ab.«*««1
6,690
9% !'%
9% 9%
9%
9%
9% 10%
6 Apr. 15 11% Aug. 12
34% *35
35% 35%
Do
2,68 « 23 June - 35% Aug. 13
33% 34%; 33 4 31
33% 33% 33% 31
pref
2,430 13 May 11 19 Aug. 12
18% 19 ; 18% 19 Lake Erie A Weatern.............
18
18‘4 18% 1 8 %
*17% 18% 18% 18%
1,025 58% Apr. 1 74% Aug. 5
73% 73%! 73
73%
Do
pref
§73
71% 71
74
73% r.\h *72
74
174 175 :* ...... 17 .% * m
174%' 171 174% .......171% 1 7 3 % 173% UkeShore AMloh-Sonthern I ....... 152 Jan. 2 175 June 22
1.791
895 40 June 10 55 Jan. 8
««
46
‘ 44
50 ■•Dong Island.............................
47
47 ! 17
47
|48
4.8 ; 45% 45%
.;> s .,.v > ;if ...........li.'V .’ st* 40*8 Apr. 19 62% Aug. 12
59% <a% 1-*'>51- 59% 59%; 59% 60% 59
5;»% 59% 61%
105% 104 105 Manhattan Ek>vated,consol.. 61,773 31% May 6 108 Aug. 7
102% 108
103 107'% 103%H>*.% ;<H%1O0
122%; 121 123%;Metropolitan T r a c t i o n . 16,255 99% May 3 124% Aug. 11
119 118 >118 119% 118% 120%> 120% 121%
1 0 6 % $105 100% MlchlKanCentral................... 1 1,05- 90 Jan. 28 10-;% Aug. 11
103% 106 I 103% 105% ................... , 106 to 6 %
21% 24% | 21% 23
24% 24% 2 3
28%
26% 24% 25% Mlnaeapoils A St-Iemla........
9,590 10 May 11 26% Aug. 12
87
87 j §87 87 : >87
.97 ! 87
89%
89 ; }Ss% 88%'
Do
letpref.i
Sis 77% Mar. 18 89% Aug. 11
56% 59%
-% 58%
56% 57% 58% 59%
58 > 56% 57 I
Do
2d pref.
3,"If. 46 Feh. 26 58% Aug. 11
15
15%; 15% 157,
15 % 15% 15% 1
11
..
-----. .
1 0 %' 15%. . 6 %;MUsonriitaanne A Texas.......• 14,307 10 Apr. 19 10% AUg. 1 2
1 .
35% 38%; 3,5% 30%
31% 35%; 35% 36
36% 37
35% 3 * 7*1
Do
pret : 27,688 24% Apr. 19 37 Aug. 12
26% 27
28% 29%
*26% 28
277* 2 8 %; 28% 29% 2 8 % 20%lMli«,;<uri Paolflo...
..................................... 53,000 10 May 6 2"% AUg. 13
30
31
A •■•
6.189 19 June
‘ 2*
24% 24 % 24% 24
24% ’44% 24%' 2 4% — * 29
31 Aug. 13
“ ■ ............
■
“
-•*
M
*** Modle — Ohio..........................
**
107
10 6% 106% 10 3% 10 6 % t o *
1 0 7 % in s I 107% 10 7 % 10 1 107% Sew y o r k C e n t r a l'A H a d io m 3 3 ,0 7 s 92% Feb. 18 10-% Aug. 9
%
15% 10 [New TorkChicago A St. Louis; 2,785 11 Feb, 11 16 Aug. 11
14% 14% H% 14% 15
15% l «
15 V 15% 16
Do
*75
78
217 67% Apr, 15 76 Aug. 9
76
*70
SO
*74
let ptaf.’
75
*0
........ 7« >
Do
*38% 39%
5,300 24 Fd>. 10 to Aug. 11
30%. 38% 39 i 30
40
*35
37 1
39%
178
18" !5179% 179% §179 1 7 9 %:- 178% 170% §178
_________ ,
229 ia o Feb. 2 §179%Aug. 9
17% 17%
167s 17 . 1 0 % 17%, 16% 16% 17
17% 17%,New York Ontario A Western.; 22,752] 1 2 % Apr. 19 IS Aug. 12
17% 1«% 10% Sew YorkBuwi..* West,,new. 4.920 0 % May *' " 17% AUg. 11
4,920
** 28
10 i 10% 10V 10% 17% 17
10% 16V >16
39% 3 6 % 37%:
Do
pref.! 14,805 18% May 20 39% Aug. 9
38
38%; 38
30
39 V 37% 38 V 38% 39
*
14%' 13% 13% Norm!* A Western............. ...j 2,982
13
13
*12
13
12% 12%
9 Apr. 19 14% Mar. 11
13% 11% 14
35% 35 3 4 %
Do
pref.
2,731 22% Mav 5 35% Aug. 12
34% 34 % 33% 33%, §31% 35
35
17% Nor. Pacific Ky,voting tr.ctfa. 51,41 i 11 Apr. 19 17 % Aug. 1 3
15 * 1 0 »
10% 18% 10% 17 4. 17
I S * I V 15% 1«
46% 47 | 47
50%
Do
pret. 170,064 32% Jan. 5 51% Aug. 12
48%. 47% 48%,
m % 50% * ’ * 49
2 --« 2-% 29
*28
29 : ”2 % 29 ' •2 0 % 29
70S 10 June 8 29 Aug, 9
*20
29 Or. RR.A N»y.Oo.vot.tr.ct>f9 ,
§05% 05% 64%
03 .
Do pref,, vot, irusLeUa.
*•6% 66% 08% 66% *05% 67
83
900 37% Jan. $ 06% Aug. 5
22
24%
4,120 17% July a 23% Aug. 12
21
23% 22
23 .Oregon Short Line
21% 22% 22% 23
22% 23
17% 18%
20
18
20% PutehurgCinn.Gala ASt. L. 19,120 11% Mar. 29 22% Aug. 12
29% S"%
1.8% 17% 18%
58
60
Do
lil)
88
58
pret; 8,110 44% Juno25 00% Aug. 12
5«% 0 0 %; s»% 59% 80
60%
25% 27% 25 % 2li% 2 1% 27% 20%
88,282 1 16% Apr. 19 27% AUg. 12
53
53% 52% 54 % 52%
54% i-’ piv..,
■>*■!,
' --.MAI 138% Apr. 19 50 Aug. 12
53% 55
54%
22
32% 33
32% 32% S3 . 32
32% 33% 2d prof., voting tr. eertif*. 22,070 122% Apr. 19 34 Aug. 12
3*
83% 35
21,
21 | . . . . ..
-00 11 % .1uno 6 23% July 14
*21
22
22
51.
50
51
52 1 31
52
52
51% 51
m
*51
Do
pref.
1.266 §25 May 26 54 July 12
53
5%
5% 8%
5% 6 St. Jtw. A 1Id. I*i,, vot.tr.etf8.
5,505; 3% June 14 0 Aug. 12
5% 5 %
5%
8
■W
5% 5%.
44
t ‘%
Do
44% 43% 13% §44
44
44% 4t%; *2%
•'
1st pref.
1,048. 37% June 10 44% Aug. 7
14
14 '
Do
14
*13% 13%i 13
1-4
13%
13
13
2d pref. 1,276 10% July 28 14% Aug. 13
■50% 60
60
60
....... *59
m
60 ~L LouliiA.lt. A T. H.,tr.reots 15 200 ' 00 Aug. v/l 62 .May 20
9
*59
*3 1 *59
Q
I v. San Fr.. rot. L otf». 19,171
4
1-11
.
, . _
«%
<1%
6% 7 < 6%
<1% 7 ’
r.
4 Apr. 19 9 Aug. 12
9 | 7% 8 'St, L. A 4
7
7H
54% 50
Do
56
56%;
53% 57%
85
58%; 54V 55%; 54% 56
lot pref. 8,472; 37 Jan. 29 57% Aug. 12
10% 10% 19% 20 j 19% 19% 10% 20% 21
Do
2d pref. 10.180 12 Apr. 15 22% Aug. 12
22%; 21% 2 1%'
5% 5%
5%
5%
5% 5%
3% 5%
5% 5%
5 % 0% st. Lout* Southwestern.
10,507 1 Apr. 1 0 % Aug. 13
OS. 13% 13
SO l 19SL 13% 13%.
12% 13% 13
Do
13%. 12% .YOU 13
pret. 10,52
8% Apr. 1 13% Aug. 12
13% 13% 13%
' ------- 27
*23
27 St. Paul A D o lu t h ...„ ..
26
*23
27
*23
200 20 Jan. 4 27% Aug. 4
*......... 8.1 ! 77
78
Do
pref.
77 |
*
100 472% July 16 §87 Fell. 3
*75
70
7S
* 120 125
ISO 125
120
125 §120% 120% St. Paul Minn. A Manitoba...,
120 125
120 125
50 114 Jan. 28 125 Aug. 0
___
20
2 1 : 21
21
21%. 20% 20%
22
40% 21
20% 211% Southern PaeUio Oo.................
4,830 13% Jan. 13 22 Aug. 9
11% Aug. 12
35% Aug. 12
11%) Aug. 12
14% Aug. 12
3% 8%
1 Apr. 24
3% 3%
4% 7%;
0
6% I'nloo Pacific Denver AGulf
7% AUg. 12
3% 3%
3%
4%,
20,910
*7% 7%
7% 7%
7% 7%.
7%
7%
7% 8
8
8% Wabash _____ ____ _______
., 4 % Mar. 29
.,
8 % Aug. 13
1,7 3
17% 18% 18% 19
19
19 V 18% 10%
Do
prof. 10,466 11% Apr. 19 19% Aug. 12
1*
19% 19% 19
1%
1%
1'
1%
1%
2% 3 Wheeling A Lake K n « ..„
2 1 ,717
1% 2%
■'
“
..............................
.........
'‘• Juno 1 6% Jan. 2
1% 1%'
1%
1%
56% 6%
6%
0%
2*a Apr. 15 29 Jan, 5
4 ,7 5 3
7
10%
9% 10%
Do
pret.
§6
6 10%
6%
j K U ru ila n e o a ii 8 t o c a „.
19
19%
18
19 %
19
19%
19% 19
5,875 9% May 28 19% Aug. 9
19% ii*% 19
19-% American Cotton » M 't o ........
71
71
71
7 1 %.. 6 9 % 7 0 %
70 %
.
............................. 71 , 70% 70% 70% 70%
D>
<
pref.
1,937 52% Feb. 10 71% Aug. 5
15%
lS% 1 *V 15%, 12% 14%: l *
14% 13%
14% 13% 14 lAmerlcfan-pirn* Mfg. <\. ...
31,441
9% Apr. 23 15% Aug. 0
35% 35% 34
35% 33
31%. 3 4 34
3.1 ' 3 4
32% 33
Do
pref
4.505; 20 .1an. 5 30 Aug. 6
444% 145%; 148 146% 143% 445
1*4% 14*i , 145% 148% 145 S M*% American Sugar Beduing <to 100,942; 109 % Mar. 29 148% Aug. 12
113 11*
115 110*1 115 115 % 118% 116% 116% 117% 116% 116%
Do
pref.
6.271 100% Jan. 7 119 July 19
93% 94% 94% 98% 04
95% 94
95% 93% 93% 92
93% American Tobacco C o______ 100,979 07% Fob. 15 90% Aug. 9
HV% 111% 1 !* % 1 !5 115 US §11* H ‘
H I H4*g 113 H 3 !
Do
pref,
1,981 10O Feb. 11 115 Aug. 6
15 ’ 1
10% 13% 16% 138 15%; I tV 15% 14% H A li% 14% Bay State D u -......................... 21.270 7% Apr. 17 1 0 % Aug. 7
101% 102 5, K>I»% 102% 400% 102
101% 101% 102 103% 10*2 103% Chicago Has Co., cert*. Ufdep. 72,280 73% Jail, ft 103% Aug. 4
489 190% 182 187
(83 189% 188% 190% 187 188 . 18* 189 Onnaoltdapol Gan ( ompanv
0,800 130%.Ian. 2 190% Aug. 4
3*
33 ' m
39
'37 38
48 30 Jmtu lb 41% July 19
....................... * 1 "*
*
*
*37% 88 . *37
38% 430% 89 Consolidated Ice Co............. .
35
85
85
85
.95 85
85% 86% 83
80% 80% 86%;
Do
prof
1,700 80 Juno 10 90% July 29
37% 37% 36% 38 i 34% 37% 37
37% 37
37 -H 36% 37% General Electric Co . . . . . ....
23,40.’ 28% May 17 38% Aug, 4
3S% m
35% 39 1 85% 38%
3 6 % 86 V 36% 30% 355i 8«%;» * « o n » l Lead Co.........
20,727; 21% Fell. 10 30% Aug. 12
§101% 10.1%, 104% 109 1*404% 105% 105 105 ; 105 103
104% 105 !
Do
pref.
1,3111 88% Feb. 13 105 Aug. 0
;
31% 32
31
32% 31 % 32
31% 32 : 31% 33%, 32% 34%;paolfle Mail........ .................
38,276 24 Jan. 9 31% Aug. 13
...................i 56
58 ........... ..
200 56 Aug. 9 05% Jan. 27
................... ....... ............................. jSUvar Bullion CertlHcatea..
,7%
8 i
8
8%
3,989 3% June29 11% Jan. 19
8%
9%
8% 3%
7%
8%,Standard Rope A Tw luo
7% 8%
29
29% 29% 30% 29
23
29% 28% 29 Tennessee Coal Iron A HR..
29% 29% 30
31.220 17 May 20 31 Jau. 18
8% 9%
S% 9%
9% 9%
9
9%; United States Leather Oo.. ...
9 % Jan. 19
14,780 0% May 22
8% 8 V
9
9%
««% 67k 65% 6j%
67
67% 00%
67%
Do
pref 27,915 50 Apr. 22 6H% Aug. 9
«5% 67%' 67
67%
.. _
16% Hi% 1 0 % 17%
10% 17%, 18% 17
0.386 10 June 3 25% Jan. 18
17% 18% 17% 18 United States Rubber Co. ....
61% 85
61
61% 61% 62
61% 63% 64% 65
~*
**
61% 614
**
**
Do
4,2641 50 July 20- 70% ,Ian. 5
pret.
99
f>i%. 90% 03%
90 V 92%; "9% 93% 93
93% 92% 9 3 % Western Union Televrapfi
123,578 75% May 7* 93% Ang. 12
"These are hid and asked: no nal* made, § Lees than 100 eharee. t Range dates from listing on Bkouango. April 8,
R ? " F o r I n a c t iv e S t o c k s , sec f o llo w in g ; page.
14% 14% 14% 14%'
28% 30%
; 28% 30
11% 12% 11% '2%
31% 32%’ 32
31
34
> . . . . . . . . . . . . *71% 72% 72%
54% 50 ! 55%
55% 57
i 94% 97% 95% 97%
. *10
10% *10% 11 | 12
21% 21% 21
21%
21% 22
159% 159% *156% 159 1
98% 96% 93% 95%
*46
50
MS
50
50 1 *40
MS
* ___ 1009,;
*98
99
16% 19% 17
19 > 19
11%
: 1 1 % 1 1 %: 11
11%
II
33% 33% 32% 33 ; 3-2
98% 84
91% 93%
142% 142% §142% 142%
j 119 120% 117% 119% 119%
■tE&i
THE CHRONICLE.
268
[VO L. L X V
NE*V SOHK 4 TOOK fiKOHVNUE PRICES ( Conti nw<\.\—IN A C T IV E STOOKS.
A n y . 13.
IHAOTIVB STOOKF.
% Indicates unlisted.
a m ir u id s to c k s.
Albany & Susquehanna____ . —100
Ami Arbor.................................... 100
Preferred..................
100
Atlantic & Paoifle ................... 100
Boston & si. Y. Air lin e pref..lut
But!alo Rochester & Pittsburg.lot
Preferred....... ....................
lo t
Burl !tidar Rapltla & Nor........10<
Oler. Lorain & Wheel, pref.......100
Cleveland * Ptttsbnrc ............ no
Col. flock Vail y & T o l............100
Preferred----------—10
Das M i.!.-.. & Ft. Dodge..........100
preferred............................... - l o .
Duluth So. Shore & AtlantloU .100
Preferred 1 ------- . . . . . . . . . . . 1 0 *
1
Evansville & Terre Haute..___ 50
Preferred...................... . . ........ 50
Hint & Fere Marquette............. 100
i're e. e . . . . ------- . . . . . . . — .100
Green B a y * Western...............ion
Deb- certfs. A ........................ 1000
Deb. oertfs. B ........................ 1000
Keokuk .* Des Moinrs................100
Preferred............... — ----------- loo
Mexican Central----------. . . . . . . 100
Mexican National tr. otfs....... . 100
Morris * Essex .......... ...... . . . . 50
Nash. Chatt.. & St. Louis.......... 100
N. V. & H arlem ................
do
N. Y. Laos. & Western......... ...1 0 0
Peoria Decatur & Evansville. 100
Peoria e Eastern . . .
-...1 0 0
Pitts. Ft. W. & Ohio, guar.........100
Rensselaer I* rtariTO-gn- ------ ..1 0 0
Rome Watertown & OgdeBS. .100
Toledo & Ohio Central------------- 100
Preferred........
1001
Wise mein Pent. v»t. tr. otfs-..10nl
M B * No Price Friday
Aek.
Bid.
R a n g e d a l e s ) i n 1897.
170 Feb. 177% Apr.
15% A u g .
9 Jau.
22% Apr. 40 Aug.
1% Aug.
% Apr.
7b
105 107 102 Mar. 105 Jan.
20% Jan.
16% May
\2 2 H
54% July 60 Aug.
ie ■
75 Autr.
68 Apr.
75
4 0 ^ Mar.
40 Feb.
161 Apr. I 68 I4 Jan169
Us Apr.
18 Jan.
H h
6%
14 Aug. 46 Jau.
15
25
144, July
13^9
7 Apr.
113
65 June
60 Ju y
70
4% Au g.
3 Apr.
4
4%
10% Aug.
6 % May
12,4
20 June 29 Aug.
42is 28 Aug. 42% Aug.
J42
7 June 1 1 % Mar,
30 Mar. 37 Jan.
41
27% Apr. 40 Aug.
39
175
115
{36**
38
.....
Apr.
Feb.
Mar.
6 Aug.
1 H Mar,
12
2%
s
170 171 1621 June
70 Jan.
295 Feb,
nr. 119 Jan.
% June
t2 «a 3%
3% Feb.
56
150 May
168
182- 186 177 May
116 Mar.
118
___
25
___
40
70
Jig
1
.Tuue
*4
14%
20
18
4
2
12
latest price this week.
NEW
H ig h es t.
L o w e s t.
7 Aug.
4^ Aug.
28% Jau.
9% July
2% Aug.
170 Aug,
71 June
324 May
122 Mar.
3% Aug.
6 % Aug.
172% Aug.
185 Jan.
120 Ju:y
....
_
4% Aug.
Bid.
Bid.
13.
Ask.
Z oa n s.
L o w est.
H ig h e s t
156 147% Feb. 156
43% 42% July 43%
130 113 Apr. 125
116 109% Jau. 116
85% Jan.
94
85 Jan. 122%
102% May
20
15% June 27
85
'3% June
7%
162% May 162%
35 Feb. 37%
101%
97
63 %
43
29%
38% 22
70 H
40
60
_____ 10
125
116
38
10
3
4%
9
90
60%
98
117
3%
6%
7
6
340
375
176 152
3%
1%
8
11
58
23%
48
A U G U S T
6
37
Aug„
July
Jan
July
June
Aug.
Jan.
xMay
Aug.
May
Jan
Jan. 125% Aug.
Feb. 115% Aug.
Apr.
67% Aug.
Apr.
45% Aug.
May 41 Aug.
Mar. 95 Aug.
J uly 50 May
July 12 Jan.
52 Feb.
Apr. £8% Aug.
May
23% Aug.
9 Aug.
May
5% June
May
jfn e 93 July
May 117% Aug..
Apr.
6% Aug.
July
104. Jan.
Mar. 340 Mar.
Jao. 176 Aug,
3% Aug.
June
Apr.
11% Jan.
Apr.
Feb.
9
48
Aug,
Ji-ly
13.
S p e c ie .
L e g a l s . I ep o sits.
D
Bank of New York. $2,000,0 $1,,8? 9,1 $14 ,430 ,0 52.020.0 $2,250,0 $15,190,0
Manhattan Co......... 2.050.0, 2,,152,5 14.520.0 2.729.0 4.245.0 18.403.0
1,
Merchants’ ............. 2.000. 0; ,008,9 11,' 57,3 3.351.1 1,082,7 14.972.0
1.972.0
9.633.0 l;186,0
Mechanics*.............. 2,000,0! 2 ,021,1
9.387.0
America................
6.436.6 28.047.6
1.500.0 2 ,582,7 2 1 ,* 6 h,7 2.537.1
Phenix......... .......... 1,000,0
184.0 1.026.0 3j996,0
245,9 4.038.0
7, ?30,5 54.338.3
Oity...... ........ - ........ 1,000,0 ,701,7 42.670.3 . 8,652,1
505.2
99,4 2.990.1
Tradesmen’s ...........
228.1
750.0
2,9 *2,7
Chemical...............
,497,9 23.694.1 4.297.5 3.980.2 24.128.0
300.0
860,2 1.094.1 5.678.8
600.0
Merchants’ Exch’ge
176.0 4.475.1
1.321.1
Gallatin.,,.. . . . . . — 1,000,0 ,679,1 7.219.1
966.2
6.593.8
155.2
Batchers’ < Drov’rs’
&
1.132.2
166,0
165.2
1.205.7
300.0
Me hanids* & Trad’s
316.0
250.0
228,6 2.090.0
400.0
2.210.0
164;6
Greenwich.....
304.5
•104,5
905,0
200.0
2,028,0
Leather Manufac’rs,
370.3 1.037.3
492.8 3.112.1
600,0
3.349.4
299.2
97,2 1.739.7
305.7
Seventh..— . . . . . . . .
300.0
2.188.8
490.1
State of New York. l,2 0 u ,0
959.6
168,6
3.097.4
2.759.7
,510,6 23.765.0 2,116,0 6,122,0 22.201.0
American Exchange 5.000.
0
,472,4 25.268.0 2,626.9 2.685.2 19.932.7
Commerce.........
5.000.
0
709.2
Broadway.............
770.0
1.000.0 ,670,3 5,970,<
5,540,9
971.2 8.061.5
737.0 2.315.5 9.084.2
Mercantile..—. . —
1,000,0
587.2
435.7
491.9 2.372.7
Pacific...... ..........
422 ,7
2.868.4
829.0 12.852.0 2.525.1 1.732.0 14.649.1
Republic...............
1.500.0
649.4
Chatham................
978.5 5.834.8
9 5 8 .3
450 .0
5.846.8
242.5 1.898.2
631.8
185.8
200.0
Peoples’. ... . . . . .
2,622,0
558.7 7.324.2 1.126.5 1.388.2
North America—
8.460.2
700 .0
1,000,0 ,111,4 21,083,7 6.540.1 4.547.2 28.616.8
Hanover................
412.5
334.8
342.0 2.979.0
Irving . . . . . . . . . . . . .
600 .0
3.003.0
389.8 2,485,7
522.7
000,0
Citizens’
427.1
2.913.4
270,4 2,4<>2,2
156.7
Nassau..................
557.0
500 .0
2.870.8
642.0 1.377.9 6.367.2
,003,4 5.805.1
Market & Fulton.
900.0
136.7 3.307.2
Shoe & Leather__
467.1
457.3
1,000,0
3.511.4
,313,2 9,437,4 1,467,8 1,4*3.0 10.956.1
Corn Exchange.---- 1,000,0
Continental....
1,000,0
943.9
676.0
216.0 5.290.9
6.324.4
326.2
127.5
406.0 1.756.0
Oriental..........
300 .0
1.660.7
,519,9 23.103.0 3.315.0 4.579.0 25.256.0
Importers’& Trad’rs 1.500.0
Park....... ........ _...... 2.000,0 ,189,4 25.933.5 10.772,0 3.119.2 35.622.4
166.6
128.5 • 1,145.0
141.8 1.265.3
250 .0
East River..............
,025,8 23.753.0 3,415,4 3.203.7 25.451.2
Fourth........ *........... 3.200.0
509.2 8.810.0 1.558.0 1.565.0 11.083.0
Central......... ........... 1,000,0
885.0 1.311.0
300.0
677.0 5.008.0
Second..—...............
0,3-9,0
659.3
471.1
291.1 3.325.6
Ninth..................
750.0
3.826.1
,105,1 23.405.3 3.660.1 3.288.0 23.636.8
500.0
First....... ............
62,1 1.297.1
140.5
159.8
300.0
N. Y. NaVl Exch’ge.
1.158.8
413.0
530.0
620.3 2.751.0
Bowery....................
250.0
3.106.0
420.9 2.714.4
565.9
282.4
New York County..
200.0
3.260.1
298.9 2.707.9
294.7
553.0
750.0
German American
2.673.7
,511,6 16.102.6 4.522.1 0,098,4 24.729.9
C h a se.................
500.0
,119,0 0,1+97,5 1.209.7 1.430.2 8.420.5
Fifth Avenue..........
100.0
2.216.3
249.5
546.1
200,0
533.5
Gennaii Exchange..
2.924,4
675.7
200,0
405.8
693.8 3.149.2
Germania..—
.,
4.020.7
6.263.9 1.087.1 1.104.6
638.1
United States.
500.0
7.306.3
987,9* 1,533,5
618.6 6.383.6
300.0
Lincoln
7.702.9
871.8
776.9 4.667.1
Garfield...........
200.0
443.9
5.226.6
243.7
1.669.1
307.6
Fifth
......... .
339.5 ’ 1,947,4
200,0
892.7 1.037.1
808,8 4.713.0
Bank of the Metrop.
300.0
6.014.7
224.0
334.7 2.267.0
West Side......
394.0
200.0
2.381.0
932.0 1,535.0
288.4 7.472.0
Seaboard,......... —...
500.0
9918.0
202.0
339.0 1.745.0
200.0
Sixth.........
220.0 1.506.0
867.3 4.434.9 18.472.5
520,6 10.430.0
Western................ 2.100.0
4.803.0 1.030.8
794, V
932.3
300.0
First Nat. B’klyu...
5.312.0
730.8 14.134.2 1.943,7 2.241.4 15.849.0
Nat, Union Bank... 1,200,0
323.2
271.1 2.722.6
459,4
500.0
Liberty Nat. Bank
2.902.2
4.124.6
326,3
320.8
572.5
N Y Prod.Exch’ge 1,000.0
3.676.8
321.9
250.0
290,0'
253.3 2.024.4
Bk, of N. Amsterdam
2.142.3
Bid.
Tennessee—6s, old.........1892-1898
6s,
w bonds.......... 1892-8-1900
Do
New series___1914
Compromise, 3-4-5-6s...........1912
New settlement 3s................ 1913
Redemption 4s....................... 1907
Do
4% s.......................1913
Penitentiary 4%s...................1913
Virginia funded debt, 2-3s___ 1991
6s. deferred t ’st rec’ts, stamped.
85
87
65%
4
Mew lorfc City, Boston and P h iladelph ia B aa k st
D eposits.* Oirc’ Vn Clear toys
BANES
C a p it a l S u r p l’ i
R a n g e ( s a l e s ) i n 1897.
SECURITIES.
Ask.
Missouri—Fund..............1894-1895
North Carolina—6s, old....... . ..J&J
Funding act........................... 1900
New bonds, J&J........ 1892-1898
Chatham R R .............................
Special tax, Class I ..................
Consolidated 4s.....................1910 103%
6s............ ................................. 1919 126
South Carolina—4%s, 20-40..1933 103
6s. nou-fund______ ...... ........1888
Ha s k s .
Total..
m isc ella n e o u s! S to c k s .
Adams Express....... ................. ..ICO U54
42%
American Bank Note Co U . . .
American Coal.................
. . . . 25 123
American Express.............
1 Oo ]115
Ainer. Telegraph & Cable.........100 192%
Brooklyn Union Gas................... 100 1117%
Chic. Juno. Ry. & Stook Yards.100
Colorado Fuel & Iron................ 100
Preferred............................
100
Col. A Hock. Coaltr.rcts.allpd.100
17%
Commercial Cable....... ............-1 0 0 170
38
Consol. Coal of Maryland_____ 100
Deli’oit Gas.........................
50
Edison Elec. 111. of N. Y ........1 0 0 123
Edison Elec. 111. of Brooklyn..100 115
66
Erie Telegraph &Telepione ..1 0 0
Illinois Steel................................. 100 112
Laclede Gas............................. ...1 0 0 {38
100 192
Preferred..................
47
Maryland Coal, pref..................1 0 0
Michigan-Peninsular Car Co. . . 100
Preferred.............
100
57%
Minnesota I r o n ......................... 100
National Linseed Oil Co............ 100 {20
8%
National Starch Mfg. Co........... 100
5
New Central Coal....... .
100
88%
N. Y. 05 Bast River Gas 1[......... 100
Pi eferredTT................................. 100 115
{6
Noith American Co....................100
&
Ontario Silver M ining..............100
Pennsylvania Coal..................... 50 330
Pu’lm -n Pa’aoe Car Co......... ..ICO 175
Quicksilver Mining..................... 10 O 13
Preferred....................................100 110%
100
Standard Gas, pref.if...........
Tennessee Coal & Iron, pref...1 0 0
Texas Pacific Land T r u s t ....-.100
{9
U. 8. Express............................. 1 M 47
<>
Walls Farve Express ..............,100
SECURITIES.
N ew l o r k C ity lianh. S lu lo m o u l for the week ending
Aug. 7, 1897. Tre o m i t t w o c i p h e r s ( 0 0 ) i n a l l e a s e s .
(008 omitted.)
Bid.
J Aotual sales,
Ask
Alabama—Class A, 4 to 5 ___ 1906 107%
Class B, 5«...............................1906 104
98
Class C, 4s............................. .1906
Currency funding 4 s . . . . . . . .1920 98
Arkansas—t>s,funu, Hoi.1899-1900
Non Holford...................................
7s, Arkansas Central RR______
Loulsiana^-7s, ecus................1914
Stamped 4s.......... .........................
New consols. 4 s . . . ................ 1914
96
Aug
I nactive Stocks.
f Indicates unlisted.
Y O R K S T O C K E X C H A N G E P R IC E S .— S T A T E B O N D S
SECURITIES.
(% Indicates actual sales.j
Surplus.
L oam .
Specie.
Legals.
N. Y>~
$
133,853,6
133,853,6
133,853,6
133,386,6
$
534,154,4
540,074,6
542,996,2
549,562,4
$
91,231,2
91,377,9
91,497,4
92,129,8
$
108,122,5
111,615,1
109,984.0
105,430,4
J u ly 17.,
“
24..
“
31.
A u g . 7.,
B o s .*
J uly 2 4 .
$
613,267,2
622,525,7
623.045,0
626,232,3
$
13.641,2
13,534,6
13.431,3
13,384,7
$
605 777;
644,835,8623-533,1
716,951,9
9,392,0 182,170,0 7,904.0 97.379,2
63,393,8 180.969,0 10,913.0
9,808.0 178.895,n 7,929,0 87,077,9
“ 31.. 63,393,8 J81,*83,0 10.580,0
Aug. 7.. 63,393,8 182,991,0 10,571,0 9,436,0 180,653,0 7,953,0 102,715,4
Phila, *
118,484,0 6,897,0 59.558,4
35,791,0
July 24., 35,388,0 112*944,0
117,981,0 6,865,0 50,654,536,014,0
“ 31.. 85,388,0 112,426,0
117,093,0 6,845,0 59,376,7.
35,393,0
Aug. 7... 35,388,0 112,434,0
♦ W e om it tw o ciphers in all these figures.
, ,,
t Including tor Boston and Philadelphia the item “due to other banks” .
M isc e lla n e o u s and U n lis t e d B o n d s :
M iscellaneous Bondst
Jeff. < Clear. O. & 1 .1st g.5s
fe
2d g. 5s ............................... 86%ba
Manhat. Beach H. & L. g. 4s.
*'96 14b. Metropol. TeL & TeL 1st 5s..
106%b. Mich.-Penin. Car 1st 5s ......
100 b. Mutual Union Teleg.—68, g Nat. Starch Mfg. 1st 6s— , 108 %b
83 *b N. Y. & N. J. Telep. gen. 58..
112 %a. Northwestern Telegraph—7s
111*80 People’s Gas & C. <1st g. 6s, *114 b.
Co., Chicago...... $2d g, 6s.
1st coos, g, 6s.............. - — i l 5 ’ a.
108 "a,
* 99 b South Yuba Water—Con. 6s.
97%b. Standard Rope & T.—Inc, 5s. "18* b»
Sunday Creek Coal 1st g. 6s.
Western Union Teleg.—7 s.,. ioT^b
Western Gas coll. tr. 5a........
N ote.—“5”indicatesprloe b id ; “a” price asked. * Latest price this week~~
B a n k S t o c k L is t — L a te st prices. * N o t L is te d .
Miscellaneous Bonds,
Ch. Jun. &S. Yds.—Col.t.g.,5s
Colorado C. < 1.1st cons. 6s,g.
fc
Colorado Fuel & I.—Gen. 5s.
(. olumbus Gas—
1st, g., 5s_
_
Co i mereial Cable— g. 4s.
1st
Cons.Gas Co.,Chic,—1st gti,5s
De Bardeleben C. & I g . 6s.
Det. Gas con. 1st 5................
Edison Eleo. 111. Co.—1st 5s..
Do of Bklyn,, 1st 5s..
Equit, G.-L, N. Y.,cons,g, 5s.
Equitable G. < F.—1st os__
fc
Erie Teleg, & Telep, 5s, g...
Galveston Wharf Co,—1st 5s.
Henderson Bridge— g, 6s.
1st
Illinois Steel deb. 5s.............
Non-conv. deb. 5s..............
BANKS.
America......
Am, Exch...
Astor Place*
Bowery*----Broadway*—
Butch.&Dr..
Central,. .
Chase..........
Chatham......
Chemical —
City— —
Citizens*.---Columbia---Commerce...
Continental.
Corn Exch...
East River11 rh Ward.
Fif’ h Ave.—
Fifth*....... .
First..........
First N., S, I
14th Street.,
Fourth........ .
59.022,7 74.368,9 549 562,4 92.129,8 105,430.4 620.232,3 Gallatin
ivanaevoort*
Bid. Ask.
*100 a.
BANKS.
Bid, Ask.
Garfield..— 500
German A m 110
175
German Ex,* 300
Germania.— 320
240
Greenwich— 160
100 Hanover— . 330
160
Hide & L ,*.. 85
Hud. River.. 150
400
285 300 Im.t&Trad’ra 525
4100 4500 Irving.......... 140
550Leather Mfs’ 170
125
Liberty*.... 130
Lincoln. —— 750
.
165
204 210 Manhattan,.. 215
130
Markets Ful
2S5 295* Mechanics^. 189
135
M’chs’ .<& rs* 110
T
200
Mercantile,,. 160
Merchant.? ,. 140
3000
250
Merch’t, Ex. 110
2500
Metropol’S 400
—
110 150 Mt. Morris..
159
Nassau
168 175 N. Ams’dam. 200
310 330 New Y'ork... 230
102 N. Y. Co’nty, 600
BANKS.
Bid.
80
97
100
130
170
175
Park,___.... 255
People’s ..... 205
Phenix....... 102
N.Y.Nat.Ex
Ninth...........
19th Ward..
N. America.
Oriental.....
328
108
220
300
220
96
550
150
Prod. Ex.*... 114
Republio... 150
Seaboard.... 370
425
230
240 Seventh.
100
197^3 Shoe & Le’th 91
Stateof N.Y. 108
125
20
Tradesm’n’a. 101
12th Ward*.
Union..._ 20l‘ "
_
102
Union Sq,*..
170 Un’d States. i l
Yorkville*.,. 170
Western..... 114
West Side... 275'
100
185
265
110
185
121
160
70
130
iST*
THE CHRONICLE.
AUGUST 14 1897, J
BOSTON, PHILADELPHIA
^
Active Stocks.
Saturday,
Aug. 7.
1 ? indicates unlisted.
itell. T. A 8. B e . ( B o s t o n ) . 1 0 0 U h
li* B
Atlantic A Pad.
“ 10 0 37%e. 37%c.
Baltimore * Ohio ( B a i t . ) . l o o . . . . . . . . . . .
Ba t. City Pass’ger •'
25 65
63
Baltimore Traction “
25
B a ttt a o r e T r a o W m i,). 25
Boston A Albany (Heston).100 213% 213%
Boston & Lowell
"
100 •31* 215
Boston 4 Maine.
*
•
100 160 160
11
Ceatral of Maas..
•
*
100 •10
Preferred.........
"
100
Chic. Bur. A Quin,
*'
100 92% 9*
Colo.MILA 8t, P. {PAU.).loO 91% 92%
9%
9*
Ohoc.OAO. vot.t.c - *
•
50
a t , 8 t.By.0 f ItnV “
100
Fitchburg pref.-fJBMtonl.100 91% 91%
32%
Lehigh Vafiey (P h .U a ,). SO 33
MetrdpoPnTrae.iT
“
1 00
119
119
6% 7
Mexican Cent'i ( B o s t o n ) . 100
New England....
“
100
•as
70
Preferred . . . . . .
“
100
Northern Central( B a t . ) . 50 •72
15% 15%
Northern Pacidc ( P h i i a .) 10O
*7
100
r sferred . . . ( P o t i "o n ) , 100 ‘ 192 *7%
Colony.
56%
Pennsylvania . . . ( P h U a . ) . 50 56
Philadelph. Trac,
"
50 74% 74%
Heading Co .........
*•
50 13% 13*1,
9
Colon Psctao.-.fBostoni.lOO
Colon Traction. . ( P h i i a . ) . 50
11% 11%
(H lsceU an eon s S to c k * .
Am.Sug’ r KeflnJf Boston;---- 144% 145
115% 115%
Preferred.........
“
Bell Telephone..
«
100 237% *37%
Boat. A Montana.
•
*
25 135% 140
24% 25%
Butte A Boston J
“
25
Calumet A Heeia
“
25 400 *00
Canton C o .......... (Ball.). 100
C'iinsolldated <>»* "
100 60
Kleo.Htor. Bat'yf ( P h i ia ,) . 100 27%
Preferred t
"
100 30%
Erie Telephone. <£»( ton;. 100 *65
Oenerai Electric,
“
100 '37%
Preferred . . . .
100 80
(UinolsSteel. . . .
“
lo o 43%
La-nsoc StoreSer
'■
50 *18
Dehi'bOoatANa v . (ThUa., 50 13%
N. E.Telephone f Boston;. 100 ’ 117
60%
34
31%
37%
60
46
43%
111
AND BALTIMORE STOCK EXCHANGE#,
S h a re P r ic e * — n o t P e r C e n tu m P r ic e * .
Monday,
Aug. 9.
IP s
Aug. 10
14%
14%
37 bo. 37 %c.
.......
12
*11** ......
*651* 65 %! *65
18
213
*213
160
11%
56
93%
92%
9%
14%
12
66
18
Wednesday.
Aug. 11.
11%
11
11
Range of sales In 1897.
Thursday,
Aug. 12
Lowest.
147a 15%
*64%
18 ! .......
13"
211% 213% 213% 2 >5
- . . . *214%
215
161 ;*160
161
1*
56 I *56
*56
96%; 93% 95% 95%
93%' 91% 93
93%
9%
9%
9%
9%
15% 15%
50c. 1 0 0
14% 17
65% 65%
65
*177, ia
is "
18
13
215 215
215
215% 215%
215
162 162
162
11
11%
11
57
*56 ........
9S ** 967, 97%
94l4 94% 94%
9%
9%
9 'b
........
20% 20%
92
92% 9 2 "' "92%
31% 31% 31=8 31%
3 ’ % 32
121% 124
118% 119% 118% 120
5%
6%
5%
5
5%
5%
91% 92
*65
67
66
70
70
*65
*72
*71%
*72
157, 16
15% Te%
16% 16%
*7% 48%; 477, 49
49% 50%
132% 192*. j H 2 % 182% *142% . a...
56
73% 74%
127,
8%
8% 9%
11% 11V 11% 117,
1
143%
115
234
139%
25
400
143% 1447,
116 116
236 237%
138 139
74% 74%
13% 13%
9
U 7,
145
115%
236%
139%
26 % 24% 25
25
400 400% 400%
400
146%
116%
238%
140
60% "So"
27% 28
27%
31% 3i% 31%
65
05% 65
37% 39
38%
*79
81
80
45
4*7,
*6
18% 18% *18
41% 13% 44%
118 118
15
U>«
15
79’ ,
79% SO
48% 49
49
60%
Ask.
1%
49%
183
55%
73%
13%
12%
55% 557,1 55% 56
50%
74% 74%
13 Mgiel
P.,Hee!,I,.APnw/P<u.-a.;.......
15
15%
OnitMOaelmp.1
•
•
50 79
79%
Wetsbach Light5
«
5 48
45
We*t End Land .fBwton;
*---- i%i
* Bid and asked price,; no sale wae m ade.
Bid.
Inactive Stock*.
Prises of August 13.
Atlanta * Charlotte (Balt.).100 97
2H9
i
12
12
117S 12
146
116%
2S7
141
26%
419
80%
2,
31%
65%
37%
81
45
43%
118
It7
,
9t>
48 %
1%
Bonds.
50%
183%
557,
737,'
13»X
a
14%
60%
27%
31%
65%
37%
80
42
19%
60%
27%
81%
66
37%
82
43%
19%
41
44%
118 118
15% 15%
79% 7»-«
*8 % 4 *%
-------
Bid.
I%
1
116% 148 i
iia % ii7 1
236 237 ;
140% 141%
26% 27%
410 412 j
*63
70
60
60%'
27% 27%
30% 30%f
66
60
37
37%
80
60
43
43
19% 19%
44% 14%
13,568
15,169
99
17,663
4,n20
48,640
49,810
9,400
38,749 109% Mar. 29 148% Aug. 12
1,206 100% Jan. 0
205% Jan, 4
94% Jan. 2
6 Jan. 11
255 326 Jau, 2
60 Jan. 8
2*l*0» 55 June 2
3,882 15% Apr. 22
1,176 17% Apr. 30
590 63% Apr. 1
1,507 28% May 17
1.042 60 May 18
1,520 29% Apr. 21
112 15% Juue21
620 37% May 26
1 < 101 Apr. 5
«.'
■U8 120
2,680 13 Apr. 30
15% 15%
79% 70% 6,021 707s May 3
49
49
1,319 38% Apr. 6
1% July 7
*1%
1%
t Trust rao„all metal,
Aak.
Highest.
9% Apr. 20 l 5 T Aug. 13
e
15o, Feb. 17 1-00 Aug, 12
9 Aug. 2 17% Jan. 8
59% Jan. 13 66 Apr. 17
17 Jan. 12 207e Apr. 2
8
17% Jan. 7 2 0 7 Apr. 2
209 Jan. 4 217 Mar. 4
205 Jan. 2 215% Aug. 12
157 June 2 166 Jan. IS
9 Apr. 22 11% Aug. 4
56 Mar. 26 58 Mar. 3
69% Jan. a 97% Aug. 12
69% Apr. 19 94% Aug. 12
97, Aug. 11
6 May 7
16 Apr. 12 25% Jan. 20
89% July 17 95 June 4
20% Pen. IS 32% July 22
99% May 3 124 Aug. 11
5 Aug. 11
9% Jan. 30
IS Apr. 6 37% Jan. 19
57 Feb. 15 74 June 25
67% Jan. 27 73% June 15
107, Apr. 30 17% Aug. 12
33% Jan. 15 51% Aug. 12
176% May 26 183% Aug. 13
51% May 3 ,6 6% Aug. 6
66% Jan. 5 -74% Aug. 6
89,« Apr. 19 | 13% Aug. 12
5 Apr. 12 114% Aug. 12
8% Apr. 29 13% Mar. 3
11,933
67,790
Bonds.
117
238%
141%
27%
418
67%
62%
31
33
67%
38%
82
46
23%
44%
125
16
80
Aug.
Aug.
Aug.
Aug,
Aug.
Pen.
Jan.
Feb.
Jan.
Feb.
Aug.
Aug.
Aug.
Feb.
Aug.
July
Mar.
Aug.
40% Aug.
27a Feb.
paid.
5
9
12
12
11
6
15
1
29
24
4
12
7
1
13
30
18
9
4
9
Bid. *sk
P k v V. Canal, * ...
>, ' AD
Boston Unitedo»«,2d m. 5 * ..l <a«
Burl.A Mo, River Ere npt 6», IAJ
Con. 8 a .......................193 , AAO 105 ........
205 266
Non-exempt 8*____ 1918, JAJ
Pc .pie's Tree, trust certs. 4s..1943 93%: 99
Plain
....................1 9 1 0 , JAJ
PerWomen, 1st set.,8s. 1918, Q—
J
. . . . . Ohio. Burl. A N o t . 1*7 5,1026, A AO
»hlla.AKrlegen.M.8g., 1920, AAO n s
30%
24 mart. 6 . .............. ..1918, JAD 1 0 0 % 1 0 1
Oen. m o rL ,4 g ..........1920, AAO 107
23% 24%
Debenture 0 e ............ 1896, JAD
Pilla A Head. 2d, 5 s ... 1933, AAO 125
16
17
Ohio. Burl A Qtslnoy * s „ 1922, FAA
Consol. mort»7s........ 1911, JAD 132
145 150
I n n Division 4*.......1919, AAG
Consol, mart. 6 g---- ..1911, JAD 120
250 260
Improvement,M.6 g,, 1897. AAO 101% 101*1
i
1921, JA1>
23% 29 ;Consol, of Vermont, 8s. 1913, JAJ’
Con. M.of 1882, 4 s ....1987, JAJ
...•
182
Current River. 1st, 6s.. 19217, AAOi ...
Tenuinal 5a, g ....„ 1 9 4 1 , Q .-F . 118
13
10
Poll. Wilm. A Balt., 4s. 1917, A AO
Deter,Rap.A w ,n t ih.1910.a a o
71
32
35
fetuiter;; 1st snort 6 g. 1906, MAH. ?12l
PffttS. C. A at. X*. 7g__.1900, FAA 108
80
ifree,Elk.AM.V., 1st,6s, 1933, end.’ 133
Reading Co, gen. 4 s .....19 9 7 , JAJ 84% 85
Rochester Hallway, con. 5s ..1930 02%; 95
’ *’*** ! 0«*l*m i»d , 1st, 6», 1933*......... »i 133
12%
Bchnyl.lLE.S1de,1st5 g.1935, JAD 102
jK.UC.A Spring.,1st, 5g.,1925,AAO
60
44
44% X Cl P.8. A M. eon,6s, 1928, MAN! 05
Union Terminal 1st 5a.......... FAA
20 ,K.C.Mem,A Blr.,t-t,2*,1927, MAB; 71
17
B on d*,—B altim ore. „ .
45
30
K.
C. H t. Jo. A O. B-, 79.. 1907, J AJ if i 2 1 AtlantaACharl., lot va, i»0 7, JAJ 118%
51% 51
BaUlmore Belt, 1st, 5s. 1990, MAN 80
L, Rock A Pt 8^, le t,7*..1905, JAJ } 93
80%
122 126
Bait. C. Pass. 1st 8a....1911, MAN 115
Louis.. Ev.A«t.L., 1st, 6g.l926,A AO
55% 56
Bait. Traction, let 5a.. 1929,'MAN 113
2m., 8—6 g . . . . -------- 1936, AAO
35
Ex ten. A Inapt. 6 s .... 1901, MAS 106
Mar. B . A Out,, 8 s .....1 9 2 5 , AAO
5%
No. Bait. Dlv., 5s.......1942, JAD 114 114%
Mexican C e n tral,*g...l9 1 1,J A J
*»»«.
90
1st consol.Incomes, 3 g, nongsutn.
Baltimore A Ohio 4 it., 1935, AAO 102 ........
22% S3
2d consol. Incomes. 3«, no»-m "
Pitts. A Conn., 5 g— 1925, FAA
___,
BtateD Island, 2d. 5 g.1926, JAJ
N. T . A X.Eug,, let, 78,1905, JAJf 4119% 120
T o ” .......
ls tm o r t .e s .................1906, JAJ 4U 3 113%
Receivers' oertlttoatos, 6s..JAD 102 103
Do. Maryland Construe., 5 s ...... 100
Ogden. AL.O , Con.es.,.1 9 2 0 ,A *0 5 87 I U
O
******
Do, Plitab. A Connells., 5». .JAJ 102
I n o .e a .................................1 9 2 0 }........ . 1.6
Do. Main L in e5a.,............. . ...! 100% 100%
Hu Wand, l*t,6 *.......... 1902,MAN,‘ 105 107
BaLAOhio8.W,.let,4%g.l990,JAJ| 98 100
Sd, 6 *.
.............1 8 9 8 .P A A -------- * M
.....
93
98%
C*peF.AYad.,B«r A.,0g,1916, JAD 05
100 100%
___
........I ll Cent. O hio,*% g...........1930, MAS1 . . . . . . . . . . ..
Buffalo R j. 000 , m , 5 s ,...,,* 1 9 3 i ........ i......... Cent. Pass., 1st 5s....... 1932, MAN- 113 . . . . . .
Boston A Providence (Boston).! O
O
Ca nden A Atlantic pf, (Philo.). 60
** 50
Catawlesa........ ............
1st preferred. . . . . . .
“
50
Ceatral Ohio ............. (BalL) 50
Chicago A West Mich.tBoston). 100
Connecticut A Pas*..
*‘
100
Connecticut R iver....
«
100
Coosol. T ractof N.J.DIPAUmMOO
DeiawareABoundBr.
•
«
100
Flint A Pere M an)... ( Boston). 100
Preferred ..................
• 100
•
HfestonvfUe Paeeeng, ( P h i i a .) . 50
Prete-redl................
*
•
60
Hunt. A Broad Top...
“
80
Preferred....................
*
*
50
Kan. C*yFV8. A Mem,(Boston).100
Preferred .................
« 100
Little Schuylkill....... . IP h U a .). 50
Maine Central....... ..1 Bottom 100
Mine Hill A U.Haven.ffViiO*./ 50
Nesquehoalng V a l.. .
"
50
North American Co .
"
100
North Pennsylvania.
**
50
Or.Sh.Line all aret.pdf Boston;. 100
Pennsylvania A N, w . (Philo.). 80
P illadel. A Erie........
«
80
Rutland ............. ....(Boston). 100
Preferred......... .
«
100
Southern..................... (Ball.).100
Preferred....................
* 100
*
Weat E n d ..................(Boston). 50
Preferred..................
“
60
United Cos. of S. J .. ffAU a.;, 100
West Jersey A Be* Sh,
80
49% L.ataw!«'
49
M .,7s......1 9 0 0 , FAA
Western W.Y. A Penn
"
100
3 | C h m , O k iu A Gulf, prior Hen 6 »..
2%
4 ] .,%
Wisconsin Central...(Bostom.WO
General •-...................1919, JAJ
Preferred........ .........
• lo t
•
7 ! 7% CiUmoPBt Rr.of I ud..con.5*. 193o
Woro’st-Saeh.ABoch.
“
IGOi 113 120
Colomb. St Ry„ 1st, con. 5a,. 1932
kiftOkUAMKOCS.
f’oltimli. O ‘ Ttissfown. lst,5s,t«33
.
A loae* Min'g,a**tpdfBe»ton>. 28: *50 1-00 CottooL Tr
................3t. of N. J., 1st,5s,1033
A Ui-r. By. EL Light.. (Phiia,)...... I
7S.1905,FAA
oh »el. A B'd Br'k, 1
Atlantic Mining. .. . .. ( Boston). 26 24% 25
n A Am. 1 M.,58.1820,MAN
A People's I'rar. stock, tr,« tf*
Bay State <J*«f. . . . . .
*
•
51
7%H
B sston Laud................
*'
it
4 | i%
. A Wfltn., 1st, 6s.1910, JAJ.
Cuuennlal Mining...
”
it
nvtUfj M, *
con. 8s.,18J.,
8%
F o r t W a y n e E l e C L l ,, < 1
¥-ankltn M ining.....
F •enehm's’e Bay L*d.
*'
"
2*
2f
t
106 I . ..... . City A Bob., 1st 5s-------1822, JAD
........ I l l
kjharl. Ool. AAug.oxt.5s.1910, JAJ!
84 ........ UoL A Orw-m.. let 5-6S.X917, JAJ
........ 75
ijeonrtaAAla.,lstpf.5s.l945,AAO
................... ia.Csr. A Nor. Ut 5 g-1 9 2 9 , JAJ
_ ............. IGeorgia Pae., let 5-6s...lS)22, JAJ
_
947* 9 5 !G«or, 8o. * FIs., 1st 5s..1945, JAJ
121%:........ iI North. Lett, 6 -...............1900, JAJ
107% 107%
6s.................— ........... 1904, JAJ
73%; 73%
Series A, 5 s................ 1926, JAJ
ns
I ..._ 4%, .............
1925, AAO
. . . . ijPltts. A Connells. Ist7e. 1898, JAJ
116
A 8r*d Top,Co .1 ,
I,, ,.s » r , 107
1
Southern, lot 5h----- .*..1994, JAJ
1920. JAD 104 106; ' VirginiaMid,, t o <>...1.906, MAIk . e. Huh.Bi ll Li!
<
16
\Ksm V Pitts,A d lM 5s.1923.AA01 78 ! 79
J
........... ,,cn ; MA;
H
\
go Hat. i
...... 1 »U , u ... U 3
114 !l 3d Series, 6 b, . . . . ....... I 9 i j MAW f 19%
a*,gold...... .......... 1887, j a i i u>i% . . . . . i: »U. Series, 3-4-f.s___1921, MA
37
b m A, rnori.4%.. <-1924.0—
-Fi ................... : 5th Bertas, 5s............ 1046, MA1176
diVaJ.CoolL' 5s.g.l933,.1 A.T; 9B% 86% ’ West Va C.A ■ ts .t,6 g .l9 1 l,J A ■
s, ao
gV Valley, l*t 8s.-.1898, JAD 103% ........ TLu;„ C,ii. ,4 Aug,, t '. J L C JAD
.
m tm m’
HinmM.
**
$£
Pdlimma Palace Car.
*
*
ic „
K
F satmflTl&i*
., (Phiin,). IO
C
*' ' \fM
*
Q
M
lfiJr-sf.
2- U6
■mmMwm&k
**
5# 136 S I "
■ aM? Fflfwer.
1
,
**
\Q4
s 1
4
k
*
*
hi
26
Ppsf„ oamulatlve.
*
*
hi
; 83%
9 o\iDon
1 UnliateO,
114
US
114
97%
104%
108
116%
KISOBM-ANiOOK.
7s...............................1910, MAS
136% 137
J»,d. V . . . . . . . . . . . . ..1923, JAD 117% ..... . Baltimore Water 5S...19I6, MAN 122
trk Pfwsciigcr, oon. 8S...1930 109 110
a Penn. 1st, 4 «....1939t » « N 112%'........
a. M. 7s........... .1903, JAJ 1 1 8 % ...............
rev.,nla g en ,8s,r„ 1910, Var 133 ....
At. «o y. m H F gm&ml f , 4«, % 9h |86% 86%
, >
&
«*>).«*,•
........1 0 0 5 , Vat 118
Jkti|
I
!i#. I.fl0 $ *■*..» -50% 807* Con )i. 5 r,r..................... ...1919,Vat
r
Sewtsift
@4* l#t h*, ,
92 I Cell t -T n. >.........tuts rare
*f 1
113
10?
114%
102
88
116
99%
107
112
114
UO
102
\ 4aff acoraed latereat,
113%
■---«•
103
88%
99%
_„T
„
94*2
—
___ r
. . . . ..
117%
123
Fundihg 5r........ ........1916, MAN
j; Exchange 3 % e........1,980, JAJ 104% 105%
' Virginiaintatel3f ,new .l;»f2, JAJ 74 . . . . . .
OS’ s 66%
Funded debt, 2-3:........i - i>1, JAJ
lOheeapeaaeOas 0 8 ..... WOO, J AD 104
Consol.eas.6c.......... .1910, JAD 115 :. . . . . .
107% . . . . . .
[V L L V
O. X .
THE CHRONICLE.
!7 U
NEW YOKE STOCK E X C H A N G E P R IC E S (C ontinued)— ACTIVE BONDS AU G. 13 AND FOR Y EAR 1 3 9 7 .
R a il r o a d a n d
Miscellaneous Bonds.
. . . . I C l o s i n g R a n g e ( s a l e s ) i n 1897I n t y t J P r ic e " \ — ------------- . —
l e r to d A u g 1 3 \ L o w e s t
H ig h es t.
Amer. Cotton Oil, deb., Sg.1900 O -F 107 b. 106 Feb. 109 Jan.
85% Aug.
Ainer. spirit Mfg., lBt,
t
8 85% I 70 Apr. 84 % Aug.
84%
74% Jan.
Ann Arbor.—1st,4s, g------199oj Q—J
87% I 78*8 Apr. 87% Aug.
At T 8.F.—New gen. 48.1995 A < c
S
56*4
41% Apr. 57% Aug.
Aul..atment4s . . ...........1995 Nov.
B>w»V*7thAv -iVtoon.g.5fl'43 J & D 120%b. 116*4 Jan. 120% May
BrooklynElev 1st, 6g . . . 192-1 A & O 1 82%
70 Fob. 183% Aug.
u S lo n lE le y Iw d -6 g ::::i9 3 7 M & N,t 82 b.l 68 Feb. t83 Aug.
70 May 90% July
A « Ol 88
&
Bklyn Hap. Trans., 5 g— 1945
105% Jan. 115 Aug.
Bkl Vn.Uu. Gas, lst.eon.5g. 1945 J & J H 4
F « A 103%b. 91% Mar. 101 Jan.
&
B’klynWhrf&W .H-1st,5s,g. 45
t
Buff. R. < P.—Gen. g. 58.1937 M A 8 1 0 1 b. 95% Mar. 100 Aug.
fe
108 Jan. 113% Juue
t
Canada Southern.—1st,5s,1908 J A J I l l
Aug.
t
2d, 5a..................................1913 M A 8 "103 b. 104% Mar. 109 July
112% Feb. U 5%
n :i%
Cent, of Gft.—1st, g., 5 a ... 1945 F & A
8 6 % Jane 94% Aug.
t
Cons., 5s, g ......................1945 M A N 94
Central of N. J.—Cons.,7s,1899 Q-J 10 0 b. 106% Apr. 108% Mar.
t
113% June 115 Mar.
Consol.. 7s........................ 1902 M A N
t
General mortgage, 5g. . 1987 J A J ii3% b. 106 May 118 Feb.
Leh.tt W.B.,con..7s,as’d.l900 Q -M 10 0 b. 90 Apr. 104% Feb.
*
*
mortgage5s.l912 M & N 80 b. 75% May 90 Feb.
Am. Dock A Imp., 5a---- 1921 J & J 113 b. 113 Aug. 116% Feb.
c
100 Jan. 104% Juue
t
Central Paoitlo.—Gold, 6s. 1898 J A J 102
t
Exten. 5 g........................ 1898 J A J 10 0 ^ b. 99% Jan. 103% June
120 b. 119 Jan. 121% June
t
Ches. A Ohio. -Ser.A , 6g.-1908 A A O
t
Mortgage, 6 g . . . .............. 1911 A A O 12 L%b. 118% Jan. 12 % July
1st oonsol.,5g....... ......... 1 9 3 9 !At A N 110% 1 0/ % Jan. 112 Apr.
t
72 Mar. 82% Aug.
General 4%s, g .......- ........1992 M A S 82
t
R A.D lv., lBtoon., 4g.l9 89 J A J 103 %a. 97 Jan. 104% Mar.
.<fc
c
**
2d co n .,4g..1989 J A J 92%aJ 86 Jan. j 91 Juue
t
Chic. Burl. & Q.—Con.7s. 1903 J < J 117 b. 115 Jan. 120% June
fc
t
Debenture, 5s.................. 1913 M A N 102%bJ 93 Feb. [101% Aug.
99% Mar. 109 Aug.
c
______
Convertible 5s.................1903 M A S 108%
Denver Division 4s.........1922 F & A! 97^a. 93 Feb. 97% Juno
87% Jan. | 94% July
c
Nebraska Extension, 4s. 1927 M A N 94 b.
118 Mar. 122% July
Han. A 8t. Jos.—Cons.6s.1911 MAc 8
c
115 Apr.
Chic. < E. 111.—1st,a. f. 68.1907 J A D "113 b. 114 Apr. 1
fe
c
ConsoL 6g...................... ..19341A A O *126 b.|l24 Apr. 127% July
t
98% Feb. 102% Aug.
General consol.. 1st 5 s.. 1937 M « N 10
fe
Chicago A Erie.—1st. 5g..l982|M A N ' 1 1 1 1 4 b. 108*4 May 112 Jan.
c
c
93 Jan. 105 June
Chic. Gas L. A C.—1st,5g. .1937 J < J 104
c
fc
80 July S3 Aug.
Ch. Ind. & L.—Ref.. g.,5s.l947|J A J 82
t
Chic. Mil.A: 8t. P.—Con.7s.l905 J & J 137 %b. 128 Jan. 139% June
1st,SouthwestDiv., 6s.. 1909 .1
J 117 b. 115% Jan. 120% June
1st. 1o, Minn. Dlv., 6 s ..1910 J A J 117 b. 115% Jan. 120% June
fc
ls’ ,ChuAtPao.W.Div.5s..l921 J A .J 115% 112 Jan. 117% June
Cbio.«fc .10 . Rlv.Dlv.,5s..l926 J A J *111 b. 106% Jan. 113 Juue
c
Wiso Minn.,Div ,5g...l921
A j r i l l % b . 110% Jan. 115 June
c
Terminal, 5g.....................1914 r A j 1 1 2 b. 110% Jan. 115 June
t
96 Jan. 103% June
t
Gen. M., 4g., serlesA....1989 r A j 103
Mil. < Nor.—1st,con.,6s. 1913 r A d 118 b 118 Jan. 118% Feb.
fe
t
143% 140 Jan. 147 July
Chlo. A N. W.—Consol., 7 b. 1915 Q - F
c
t
Coupon, gold, 7s.............. 1902 J A D 117% 116 Jan. 121% May
Sinking fund, 6s.............. 1929 A A O 117%b. 114 Jan. 119 Mar.
t
Sinking f und, 5s.............. 1929 A A O 113%a. 108% Apr. 113 July
t
t
Sinking fund, deben., Sa.1933 M A. N 117% 110% Jan. 117% July
25-year debenture, 5 s ... 1909 M & N 109% 106 Jan. 110 Apr.
1 0 1 Jan. 106 July
Extension, 4s................... 1926 F A A
131 May 135% Aug.
Mil. L . Sh. A W., 1st, Og. 1921 M A N
c
Exten. A Imp., 5g____1929 F A A 116%a. 112 Mar. 117 July
c
Chic. R.l. A Pae.—6s, coup. 1917 J A J 132 b. 128% Jam 134 J une
c
Extension and ool., 5 s ... 1934 J A J 105% 1 0 1 % Jan. 108 June
30-year debenture, 5 s ...1921 M & 8 104% a. 93 Jan. 104% Aug.
Chic. St. P. M. A O.—6b. . . 1930 J A D 131 %b. 128 Jan. 133% May
c
42% July 45% Aug.
44%
Cliio. Ter. Trans., ctfs. of prop.
98 May 102 Jan.
Clev. Lor. A WheeL—5S...1933 A A O
c
aC .C .A cI.—Consol.7g ...1 9 14 J A D 133 b. 130 June 134% May
General, consol., 6 g___1934 J A J 124%b. 123% Jan. 127% May
92% Jan.
96% Apr.
aC .C& 8t.L.-8t.L.Dlv.,4s.l990 M A N 95%
68 June 78% Aug.
Peoria A Eastern, 4s... . 1840 A A O 78%
Col. A 9th Ave. gu. 5s, g ..l9 9 3 M A 8 119 %b. 115% Mar. 120 July
c
63 Feb. 88 % Jan.
Col. H.'V al. A ToL—Com, 5g. 1931 M & S 74
General. 6g.......................1904 J A D 55 b. 49% Feb. 87 Jan.
109% May 113% Apr.
Denv. A RioGr.—1st,7s,g.1900 M A N
87% July 90 June
1st consol., 4 g.......... ....1 9 3 6 T A J 88%
Dul. A Iron R’ge -1st, 58.1937 A A O 102 %b. 97% June 103% Aug.
Dul. So. 8h, A Atl.—5 g ....l9 3 7 J A J T01%a. 99% Jan. 104 June
c
Edison El.111.—lst,con.g.5s.’95 J A J 112 %b. 104% Jan. 114% June
Erie—4, g, prior bonds___1996 J A J 92%
8 8 % May
95% Feb.
General, 3-4, g................ 1996 J A J 72%
62 May 72% Aug.
139% Mar. 144 J uly
Erie Ry.—1st, con., 7 g ..l9 2 0 M A S
133% Jan. 136 Mar.
L’g Dock, consol., 6 g. 1935 A A O
Ft. W. A Den. City.—4-6 g.1921 J A D 67%
53 J an. 68 Aug.
91% , 83 May 91% Feb.
G&LB.A8an.An*M.AP.D.l8t,5g M A N
God. Eiectric.deb. 5 s ,g ...1922 J A D 100
] 90% Jan. 100% Aug.
Hons. A T. Cent. gen.4s,g.l921 A A O r 70 b. 65% Apr. 72% Aug.
Illinois CentraL—4s,g.......1953 M A N T01%b. 99% Jan. 103 Jan.
Western Lines, 1st, 4s, g.1951 F A A 1 0 2 b. 100% Feb. 105% May
Int-AGreatNor.—1st,6s,g 1919 M A N 1 2 0 b. 117 May 120% July
2d, 4%-5s...........................1909 M A S 84%b. 73 Jan. 85 Aug.
88 Apr.
Iowa CentraL—1st,5g___ 1938 J A D 97
97% Jan.
44 Feb. 53% Aug.
Kings Co. Elev.—lst,5 g .. 1925 J A J 53%
93% Jan. 103% Aug.
Laclede Gas.—1st, 5 s ,g ...1919 Q - F
101
Lake Erie A West.—5g___1937 J A J 116 a. 113% Jan. 118 Juue
L. Shore.—Con,op., 1st, 7s. 1900 J A J 109 %b. 109% July 114 June
Consol, coup., 2d, 7s.......1903 J A D,
119 Jan. 124% Mar.
Gold, 3%s..........................1997 J A D 103% 103% July 104 June
Leh.Val.Ter.—1st, gu., 5s. 1941 A A O | *1 1 0 b. 100 Apr. 111% Mar.
Lex. Av. APav.F.gu. 5s,g 1993 M A 8 119%1». 115% Mar. 120 July
Long Island.—1st con.,og.1931 G—J *118%a. 113 Jan. 119 May
General mortgage,4g... 1938 J A D * 87 b. 76% Jan. 8 8 % Mar.
Louis. < Nash.—Cons. 7 s .. 1898 A A O 104%a. 102% Apr. 106% Mar.
&
N.O A Mobile, l 8 t ,6 g ...1930 J A J *119 %b. 116 Jan. 123 Juno
M
“
2d. 6 g._ 1930 J A .J “103 b. 98% Jan. 103% Mar.
General, 6 g....... .............. 1930 J A D 116 b. 115% Jan. 118% May
78% Jan. | 84% Aug.
Unified, 4g........................ 1940 J & J 84%
IiOnis.N. A. AfeCff—ls t,6 s .l9 1 0 J < J ______111 Jan. 115% June
fc
Railroad and
Miscellaneous Bonds.
I n t 's t
P e r io d
C lo s in g R a n g e ( s a l e s ) i n 1 8 9 7
P r ic e
A u g . 13.
L o w e s t. | H ig h e s t,
L. N. A. &Ch.—Con. 6 g.tr.rs. 1916 A A Ort97% a. t81 May 192% July
97%. Aug.
Manhattan consol. 4s....... 1990 A & O 97 b. 91% Apr.
Metro. Elevated.- 1st, 6g.l908i J A J*117%b. 116% Jan. 121 June
2d.6e .............. ......... ........ 1899 m a n 10 5 %b. 104% June 107% Apr.
69 Mar. 73 Jam
Mex. Internat’l—1st, 4, g.1942 IM A S
116 May 119 Apr.
Mich. Cent.—1st,cons., 7 s .1902 M A N 116
Consol., 5s........................1902 M A N 107%b. 105% Juno 108 Mar.
Mlnn.<feSt.L.—1st oon.58,g.1934 M A N 105 b. 100 Jan. 105% Aug.
95% Jan.
88% May
Mo. K. < E .—1st 5s, g., g cl.194 2 A A O 95%
fc
87 Aug.
82 Jan.
M. K. < Texas.—1st, 4s, g. 1990 J A D 86%
fo
63%
64% July
54% May
2d,-is, g ........ ....................19^0 F A A
M A N 92 b. 68 May
92% Aug.
Mo. Pac.—1st,c o n .,6 g .-... 19'. 0
3d, 7 s ....................... ! ........19061 M A N 1 1 0 a. 98 Mar. 105 J an.
F A A 10 0 b. 100 Apr. 103 J ulv
Pao. of Mo.—1st, ex.,4g-19?8
2d ext. 5s............. ,.....1 9 3 8 !J A J 1 0 2 %b. 100 Apr. 103% Jam
St. L.&Ir.Mt.Ark. B.,5s.l935{ J A D 104 b. 103 Apr. 107 Aug.
1st ext., g., 4%s........... 1947! IF A A 105%b. 104 June 104% Aug.
85% Aug.
Gen. R’y dtland gr.,5g.l931j A A O 86 b. 67% May
Mobile & Ohio—New 6g ...192^1 J A D '1 2 0 b. 116% June 121 May
74%
M AS
75 % Aug.
65 Apr.
General mortgage, 4s. 1938
Nash. Oh. &St.L.—1st, 7s.. 1913 J A J 129 b. 127% Jan. 133% June
Consol., 5g........................ 1928 A A O 1 0 1 %a. 98% June ;102% Mar.
N. Y. Central—Dobtext.4s. 190 M A N 104 %b. 101% Jan. 105 July
1st, coupon, 7s.................190 J A J 117%b. 117% Jan. 121% Apr.
Deben., 5s, coup., 1 884.. 190 i M A S l l l % b 106 Mar. j111% Aug.
N. Y. & Harlem, 7s, reg,.190(> M A N l ll% b . 110 May 114 Mar.
117% Jan. 121%.July
R.W & Ogd., consols, 5a. 1922 A A O 121
West Shore, guah, 4s._-.236l J A J 108% 105 Jan. 110% June
103% Apr. !107 Aug.
N. Y. Ohio. & St. L.—4 g_..1937 A A O 107
N. Y. Lack. < W.—1st, 6 s.. 1921 J A J >138%b. 136 Mar. 139 Aug.
fe
116% Mar. 118% Aug.
Construction, 5s.............. 1923 F A A
N.Y. N. H. & H.—Con. deb. ctf< A A O 139% 132% Feb. 140 Mar.
97% Aug.
N.Y. Out. < W.—Ref. 4a, g.l992l M A S 97 b. 88% Jail.
fe
May
Consol., 1st, 5s, g.............1939 . T A D 1 1 0 %a. 108% Feb. I l l
100 Jan. 105 June
N.Y.Sus.<te W .l8tref.,5s, g.1937 J A J
8 6 %b. 68 June 87
July
Gen. 5 g ........ ....................1940 F A A
Midland of N. J., 6s, g ...l9 1 0 A A O *119%b. 116% Apr. 120% July
77% Aug.
67% Apr.
Nor. < W. Ry.—1st, oons.,4g.’96 A A O 77
fe
J
No. Paoitlo—1st, coup. 6g.l923 1 A J 118%b. 113 Jan. 120% June
91
91 Aug.
85% Jan.
Prior lien, ry. & l.g. 4, g.1997 Q -J
58%
59% Aug.
51% Apr.
General lien 3 g...............2047 Q -F
97%’ May 110 Mar.
No. Paoitlo Ter. Co—6g.._.1938 J A J 106
Ohio & Miss.—Con.8.f., 7s. 1898 J A J 10 2 %a, 102% July ;106 June
83% Feb. j 90 Jam
Okio Southern—let, 6 g .. . 1921 J A D
General mortgage, 4 g .. 1921 M A N 15 b. t 8% Apr. t 15 Jam
Oregon I mpr. Co.—1st 6 g.. 1910 J A D 1100 a. 184% June 106 Aug.
15 Feb. 131 Aug.
Consol., 5 g .......................1939 A A O 29
110 Jan. 114 Apr.
Ore.R.&Nav. Co.—1st, 6g. 1909 J A J 112
39% Aug.
80 Jan.
RR. & Nav. consol., 4 g.1946 J A 1) 88%
Oreg. Sh. Line—1st,6 s ,g ..1922 F A A 118% t l l l % Jan. 121 July
86 J uly 93% Aug.
1st, con. 5s, g.......... .........1946 J A J 92
58 Aug.
58
44 J uly
Non-ciunul. ine. A , 5s...1 9 46 Sept.
Penn. Co.--4%g, ooup....... 1921 J A J 112%a. 109% Ja*i. 113% May
Peo. Deo. & Evansv.—6 g.l92o J A J 101 a. 92 May 104 Feb
Evans. Division, 6 g ....... 1920 M A S 100 b. 91 June 106 Feb.
M
27% Jan
2d mortage, 5 g................ 1926 x A N t 17 a. 110 May
95 Jan. 108 Aug.
Pitts. Sh. & L. E ., 1st, 5 g.1940 A A < 108
Pittsburg & Western-^4g.l917 J A % 73 b. 66 June 75 Aug.
85% Aug.
94%
Reading Co.—Gen., g. 4s .1997 J A r
80% Apr.
80% Aug.
80%
Rio Gr. Western—1st 4 g.,1939 J A J
70% Mar.
66%b. 6 2 % June 66% Aug.
J A J
St. Jo. < Gr. Isl.—2-3-4s.. 1947
fe
St. L. &San Fr.—6g, Cl. B.190^ M A N 115 b. 112 Jan. 115% Feb
General mortgage, 6 g .,1931 J A .1 116 b 108% Jan. 116%June
General, 5 g............
193 i J A J I01%b 94% Jan. 101% Aug.
73 Aug.
Railroad, 4 g .................... 199^ J A J 73
62% Jan.
74% Aug.
737«
59% Apr.
St. L. & So. W.—1st, 4s, g.1989 M A N
31% Aug.
2d, 4s, g.. income............ 1989 J A J * 30 b. 15 Apr.
St.P.M.&M.—D a k .E x .,6g .l9)0 M A N
116% Jan. 122% July
1st consol., 6 g................. 1933 J A J
123 Jan. 129 June
“
reduced to 4% g .. J A J *106 a. 102% Jan. 107% June
94% May
Montana extension, 4 g.1937 J A D * 95 b. 87% Jan.
63 Aug.
San.Ant.& A .P .—lst^g.jgu.^S J A J 62%
54% Jan.
94% Aug.
91»s
87% Feb.
So. Car. < Ga.—1st, 5 g ... 1919 M A N
fe
So. Paoilio, Ariz.—6 g ... 1909-10 J A J * 99 b. 90 Feb. 100% Aug.
So. Paoilio, Cal.—6 g ... 1905-1 A A O ‘ 108 b. 106 May 108% July
92 Aug.
1st consol., gold, 5 g ....... 1937 M A N 90 b. 85 Feb.
So. Paoilio, N. M.—6 g....... 1911 J A J 103 b. 102 Jan. 106% June
Southern—1st cons. g. 5s. 1994 J A J 94
87% Mar. 94% Aug.
91 % Aug.
91%
86 May
E. Tenn. reorg. lieu 4-5s. 1938 M A S
E.T. V. <feG.—1st,7 g ._..19 0 0 J A J 108 b. 107% Jam 111 June
107 Jan. 112 Aug.
Con.5 g .................. ...1 9 5 6 M A N 112
Georgia Pao. Ist5-6s, g.,1922 J A J 119%a. 107% Jam 119 June
112 Jam 116% June
Knoxv.A Ohio 1st6s,g.. 1925 J A J
Rioh. ADanv. con. 6s, g.. 191 J A J 122 a. 117% Jam 124% June
West.No.Carl8toon.68,gl914 J A J *114 b. 111% Jan. 116% June
60 June 79% Jam
Standard RopeAT..lst,6g.l946 F A A
68%
Tenn. 0 . 1. & Ry—Ten. D .lst, 6g A A O 82 b. 79 June 88% Mar.
89 Mar.
79 Apr.
Birmingham Dlv., 6 g ... 1917 J A J 86%
9 5% Aug.
85% Jan.
Texas A Paoitlo—1st, 5 g ..2 0 0 0 J A D 95%
31 %Aug.
18 Apr.
31%
2 d, income, 5 g - .....,. ..2 0 0 0 March
Toledo A Ohio Cent. 5 g .. 1935 J A J *103 b. 102 Mar. 108 Feb.
Tol. St. L. AKan. O.—6 g .,.1 9 1 6 J A D 1 77% r66% May t73%June
Union Paoilio—6 g ....... .,..1 8 9 8 J A J 101 b. 101% Juiy 105 Feb.
85 Jam 1109%A’g.
Ext. sinking fund, 8 . . . . . 1899 M A S tl08%
149% Jan. 153 Aug.
Collateral trust, 4% ........1918 M A N t 53
Collat. tr. 6s, g. notes... 190 j F A A 101% 101 May 103 July
K an. Pao.~Den.Div., 6 g. 1899 M A N 119% 113% Jam 119%Aug.
IstoonsoL, 6 g .............. 1919 M A N \ 90% |67 Jan. t 92 Aug.
33 Apr.
4 5% Aug.
U.P.Den. A Gull,con.,5 g. 193;♦ J A D 44%
U. S. Leather—S. F.deo.6g. 1913 M A N 113 b. 110 May 114 Feb.
Virginia Mid.—Gen.M., 5s. 1936 M A N ......... 100 Jan. 103% Mar.
Wabash—1st, 5 g . .....
1939 M A N 106% 101% June 107% Jan.
76 Aug.
63% Apr.
75%
2d mortgage, 5 g ........,1 9 3 9 F A A
WestN. Y. A Pa.—1st, 6 g .l9 3 7 J A J *T06%b. 104% Jan. 109% June
50 Feb.
43 May
Gen. 2-3-4s, g o ld .......,1 9 4 3 A A O 49
West.Un.Tel.—Col. tr. 5 s .. 193S J A J 108 b 106% Jan. 109 June
t28 May 140 Mar.
Wiso. Cent. Go. 1st 5 s ,g ... 1937 J A J t 38
N ote.—“ b,f indicates price b i d ; “ a” price a s k e d ; the range Is made up from actual sales only.
* Latest prioe this week,
t Trust receipts.
N E W YO BK STOCK E X C H A N G E PRICES—(ConMuned),— IN A CTIVE BONDS—A U 3 . I S .
BLUUKITILO.
K a il road Bonds.
(S t o c k E x c h a n g e P r i c e s .)
AJahninaMid.—lst.g .. guar.. 1928
Atch. Topeka A San Frau.—
Chicago d St. Lon.—let. 6a. 1915
r
Allan.
Danv.—1st, g , 5 s ... 1950
AU. A Fac.—
Western Division Income.. 1910
Bid
A sk .,,
SEUIJK1XIES.
—
IBait. ifcOlito 1st,6a, Park B .ISIS
ga. gold.................................. ..
Cons, rnort., K ld, 5s..
0
..1988
W Va. & Pitta.—’ at.g., 5s..1990
B .& 0 .8 W .,let, g . ;i 4 9...1 9 9 0
Monon. River, lst.g., k. 5a 1919
Cent’l Ohio Reo .-l a t ,4 i^ :i9 3 a
92%
Ak^CluJuno .— 1 et,g,5s,gu.l96i
Brooklyn Eleva ed—2 d, 5s 1 9'5
%
l*sl Seaside tfeB.B.—lst.g.Ss.gn.l '42.
Bid.
107
*80
*95
Ask.
SECURITIES.
......... Brunswick * W ’n—1st, g., 4 s.1938
Bnff.R.& Pitta.—R.& P. 1st,6S.1921
Rooh.
Pitta.—Cons.lst.6s.1922
Clear.& Mab.—1st,gu.,g ,5s.l943
Butt'. & Susqueh.—1st, 5s, §..1 9 13
95
......... Burl. Ced.Rap. & No. 1st, 58.1906
*97*9
Minn. & St. L . —1st, 7s, gn .. 1927
Ced. Rap. I. F. & N „ 1st, 6s. 1920
43
1st, 5s...................................1921
Bid.
A bH
,
*122% !....... .
120 !.......
i o f ’ J io a '
*106 . . . . .
THE CHRONICLE
A ugust 14, 1897.j
NEW" fOELH STOCK EXCHANGE P B IC B S .-/-V A O riP £
SROOBITIBa.
Bid.
A s*.!!
8BCUBITEE8.
271
B Q X rD S-C U jnH iiM i) - i i m .
Bid. ; ASK.
13.
SECLfRITiEs.
a
......... *• .• • rlo—f C«n.;—
••
j
15.800., g..P d .7 g _____ 1920
rn m 93
n%-t.
C o1 c
5 .| *59>X93/ »m m
B. *7. T. A E.—1st, 7b ...... 1918
Cent. By. of G ».~
*38%
Bril. A 8. W.—Wortg. 6s. 1908
1 « , prof. Income, g., 5 s -----1945
("demon—1st. go. < 5 * _ 1909 '107
£
_
2d, prof, income, g„ 5 s ------ 1945 " 1 2
15 f
’ •V a-RR, ~S«.....................1922
3d, pref. income.g., 5s.........1945
’>ooi,: A In, pt., 1-•, 7b, r, ,rTv. 1913 '106
Mae. A Nor. Dlv.. let, g„ 5* 1946
" > • A 1’. R.—' * ' . cons., ,t,.1 921 105
-> Mobile Dlv., 1st, g .. 5s . . . 1946
>t, " \
5 * .............. 1947 *70
m % !-i
Osat. of N. J.—Coiiv.deb., 6e.1008
Bltt
ABK
N. Y. A Northern—U t. g. 5s..1927
1"S%
N. Y. Huso. A West —2 d, 4%a.19SV *82
87
Terminal, 1st, 5 s ............ 1010 *107 112
Wllk.A Eanr —
l8t,sul.,g.53.1942
96%
1 ...... Northern PaoUc.—
St.Pani AN. P.—Gen., Re..1923
Norfolk A 8outh’ c—1 st, 5b.* .194’ 107
110
Norfolk& West—General, 6s. 1931
New River lat fia................19S2
• t.T*-;->n ls t« s .................>923
<
Imp. A Ext.. 6s........ . .. . ..190*
t’nl. Cdt.D-.VT'T.. 1Sl.i'u. g.5-' .1922
K zt < 5s, serte« A B 0 D „1S98*‘ 109% ----- ia'. Co. R- let, g.. 5a_________ 1930
e.
SolotoY.AS.E.—lst.gu.g.45.1989 *92%
Gold 5s, senes E ............~ 1898*106% ........ . FU his, ATnilan —let. eons..1926
...... ITOnt A P. ’. f a r ■ art., 6s... 1920 112 1L16 Ohio A Miss.—Consol. 7B___ 1898 ’102 103
M
3an Josanln Be,,#*
---- i lit , < O . gold. 5 »................. 1939
>D
2d conaol. 7 s........ .............. 1911
Mart. cold 5 « ........
....
Pt. Huron Dlv. - l e t , 5 s . . ..1988 '7 6 % ::::::
Bpring.Div.—Isr 7s..............1905
Land grant, Ss, g .
........
Cep A Pen,—l>t,g. g6___191fGeneral 5s............................ 1937
U» l* ® v* M
IV** o* » * * * 5
2
. . . . . . i l r ‘ ,i.
x-:. e. , 5s, . ........... 35)30; ------- ------- Ohio River BR.—1st, 5s......... 103t'
W«rffc PsetOe—Bood».6s. ...1899
........
1st .’■ ... i’ , 5 s .......................1943;
*
.......
Gen. g .,5 »............................ 193*
d o Railway IGV.V—1st,68.1907;
...... Ft, St, Cu. Dep.—1st, g., 4iflS .1941 *105%! ----- Orr.aha & St, I.mii».—Ut. 4s.. 1937
62
50-year 5s.......— ............. 1938j ‘ 87
. . . . Gal. Har. A Han Ant.—let, « s .19101 ........ ..........
‘
kCa
--.-1 st. 5s, g
O w t Washington—U*.
6s,lO->*
3d»oort.,7s ............. ..........)90 5 ! ......... ........ [Oregon Short Line—
(Tbits. A S»v.—1st. H 7*........1038
.,
Dae*. & u ,—Par. .**. fnud,«s.lS98 1C2 103% Ofc A Ala,, 1st, prof.. «. 5 * ...1945 ........ . ..... I[ Utah A North— Ut. 7g........ 1 90« 118
....... .d*a.Cai-. ANor.—lit , gn.5",g.l929j -----Gold. 5s...... ............... — 1920 100
Jtalg V U tey~ U t,g.. 5a...tlM O
iHotieasoaie—
Cupa. gold V __ 1937
...
Penn-P.C.C.ASt.L.Cn.g.4%8 U ° <
'•-rir «:.r. V»;.. fat, g. 5 «.. 1941
IT. Haven A Derby, Cons. is. .1918! —
Do
do
s«ri«« R 1942
KtU. L .4 Big Sandy—G. 58.1902- 102%
!
Do
do
Series 0 1942
fliw -O .« SO.West.—lat 8 a ,g .l9 1 ! ....... ........ Hous. A Tex. C.—WafoAS.7».1903 125
112
ls tg .,5 * <!nt. g td i.............1937;*
Do
do Series D, 4a, 194"»
tt, S t... .......... ..................... 19.111 ......... ----1
_
Id. V. -H«n. 00 B. 1 st.gu.g.5». 1938. . . . . . . . — 1 Con*, s. 6s (lot. gtd • _ ___ 1912;*106
P .C .A S .n -lst.e.,/o.............. ’.o*i
108%
Deber.t. 6*, priu. A U.( gtd.1397;* 100
Pitta. Ft. W. A O— U t, « - .1 9 i ; 137%
i a ' t,.
id, '*.....,19o3 .. ..
Oebent. 4 s, prin. A im, vtd.1897 *99
“ “
i, iols. is Mo. River—let, 7*.190y '106%
2
-............................. 191-v 137
mine!* Central—
3d, 7 s..................................1912
140
11,78 ...................... ........ 1900*102
1951;
l i t . g .. 4* ...................
Oh.8t.L,AP.—1st,oon.5s,g...1982
- i;
. -: !. 7 ' - •
oiev. A !* —Cons-.i, fd.. 78.1900
1st. gold, «% • ........................ 1951
-1- ts.R, Bridg*-l*t,S.f.,6*.t91Si -----Gen. 4%i, g„ “ A ............. 1947
1952!
Gold 8» .......................
Obli* Bur! t Nor.—Ur. As---- 1926; 105**'.
1
HI K., U ...........................I KU
Do
do
Series B 1942
.iai®. Ssuacts. * H,—5 s ,». f..I901i . . . . . . :
*
•
t aRA
1950
Cairo l i‘ * ; -!■-.........
r
It, u Oiv.~Sink. ra n d ,5 «..1.919;
. ! St. LtV.AT.H .—lst.6s.,7».lH 9
Sortnrf. B it. - C o ir . Os....18981
2d; guar,, 7 s . .. ................. is o
lint ..•rood.d*...........
191° D>0%
M Idle Du.--Rev,, 5* ....... 1921'
*! mo. « « .......
192! *92
!: Gd.R.AI.8xt.—lst,4%s,o,<*. 1941
0 , 8 t L. A S. O. -V'.r , 7s.1407;
-Gsrtcsao A tow# MV,—5»...190Sj — ,
.;! AHeg.V.tl.—lUn.. gn., 4*,g.l942
i
lsA oon *oi,7s................... 1997
Cite. * Indians C o a l-le : 5-.1936 *U
«i>
. ; X. A <’in.Bdg„ g>'ll.,*l|.4%8.g. 191>
Gold, 5*. >*
.(
n .............. 1951:
. Pemi.ftR. —1st real eat g. 4a. 1923
Cal. *0. * St. P .-l«.94,P .D .189S U‘3%
Memp. liiv., let g. As___ 1951;
21. 7 H « . P. D .................. 1898 13“ %i— •
<fie.A MM'M—lal.gu.g.4>a". 1;i.n
IS?% .. .
BoOv.ASn. Hi., gu., g.. 4<2S.1897i
US, 7s, Ssg„ 1 1 .0 ...., ...........1902,
D, Klv.BK.ABdg-ist.gu.g.4s.’ 36
lod. Dee. a ft*.-l«t, K-. 5 s ....1935; 104%
lit, 1 t ■>., 7« ................... 1899:
. Peoria A Pelt.Union—1st,««.u>2! 114
Ind. Ill* A lo w * .- 1st, v. -ia..l939
83
80
1 « ,C . . M 7*.................... 1993) 137%
| 2d aaortg., 4%s...................... 1921
!
138
l
2 D, Cli-iP— 7s.. . 1
Pitts. Clove A T oi.-U *. 6s...192-.
let, e x t -g . 9 h. . . . . . . . . . ___1948t
46% Pitt*. A L. Mr.- 2 d g. 5(1,**A".192r
let. A rt. jCn, -3d, l>, g ____1921;
!
1.* C. A D*V., 5 * ...... 1919 118
1*30 : K lag* Co. - F. P :., U ,5 ,c . , A. 1029; *38
80
Ut. it .A D „7 s .................... 1910
Pitt*. Me. K A Y. —lit 6*.......1935
*
I.h o Erie A West.— g,, 5».,1941;‘ 10u*i
ss
3d
Pitts, Palnsv. A F.—Ut. Sn... 191 *
1st. ft, A I*.. 5 s .................. 1910 10*3 110
Korll,-it Onto—l-d. git. g. 5s.1945
121
102
0 tleago A Pafilttc 0 iv.,8 # ..1 9 io;
Pilii. 8 hen. A IiF . lsteon.5.1.1‘ 113 10*138
‘■'L. 8 .* M.H.Hi,
H — ’ .'W7b.*981
N
Mineral Point Dlv. 5s..........1910 *i'oi%
;Pitts. A West.—M. 5*,g.l891-1941
*
20
1.8-I. '-r, A ,' - »-. 7 -............1906'
a * L. Sup. 01).. 5*............ 1921 *ita%
PfrM.Y’gst’aAA.—1st, 5».onn.l927
I Loke a b o r t-ii.v . Sxiad s, 7a. 1899!
Psrgo A Booth.. 6s, A *sn...l024,*105
Rio Grande 8 0 .—lat, g , 3-48.1941
hn. •»!iv. stoic. fum l.M _ 1916 1- 7 . ___ ;! Kal. All. A G . S.—1st «u .54.1939!
_
, H I.. A. A T. H,—Term. S8..1914 *105"
r,
U .x o u A G t, South., 5 a . . . 1918 *10S%[. . . . .
»>. . -j .
Mabon’g Cua! i4 k .-lrt.5 e.t9 3 4 ___
Bellev. a Cat - U t , 6*>
......... 1923
COLA Nor. main Un«—6 » ...1910 118 i------ >-EoiU*bV..S.y.-i«t gn,g.4%A.19A0 *10O
Oht. 81.L. A Pad.—Ist.gd. g. 5 8 1917 n o T *
!/sbl*lt V'y I Vial —let 5»,gu.c.l988
O ihtANorw.—30-yew 4eb,3s.' 921 114 115
8 t. I/iul* 8 0 .—lat, gd. g. 4s. 1931 *9j
......
, itcanaba A h. 8, 1st, (is....1001
.... .
A if,Y e -lit , git. 2, 48.1945
do
2rt Income ,5s.103!
KIiulruC.A N , H cg. litpf.Oi. 1914
* )-e M, A Minn.—lit. 7»...,1907
0*r. A Sbawt—Ut g. 4s---- 1932
02
*•*
■et. L. A 8. F. — 6s,*., Ol. A. 190« 115 __
2d
lo r * M idland-let, 8 s......1 9 0 0
Gasr., gold. 5s................. 1914
Utobi. Oar.A West—lit Si. *.1916
2d, 68,
O
lttflS C ................ 1996 115
Cilo. A Milwaukee—lit ,7 « . 1898
Min. A St. P.—2d, 7*............1907
Little Book A M .- l- i, 5s, *..1937
1st, trust, gold 5s.............. 1987
18
<il. * Mad.—let. 6«............ 1905
ton g Island—
Ft. 8. AV. B. B g .-ls t. 6a...19D ’ xoT ’ — —
o n . C. F, A at. P,—l i t , 5s. 1909
, 8t.L.Kan.*8. W.-1 s t , g.,68.1916
......... i lit, 7 *....................................1898 104
: Bt. Paul City Ry.oon. 5s, g. . 1937 . . . . . . 95
Northern I1L—1st, 5s........,1910
Perry. Ut.
4 % s ............ 1922. 85
........| Gold A*.................
1932;
. Gold 5s, gu ar....................... 1937
Mil. L. 8,AW,—Cou.de!>.,5s. 190?
Mich. Div., lit, 6».............1928
; S. Y. A R*w»y B —lit ,g , 5*.1927;
St. Paul A Duluth—U t,5 s
1931 *108"
Aebland Division-1 s t , da 1925
24 njortg., loo ..................19271 35
42% ! 24 mortgage 5s..................... 1917 104 105
Otu R. LAP-D.M . A F. D. 1*t 4*. 1803
8t. Paul 5ftmi A M.—2d M, 68.1909 *122
S.Y.B.A-M. 8,—liteon.5e,g. 1935!
MInneap. Union—1st 6s_ 1922
Brookl'nAMotrtauJt—lst,0s.l911 j
_
lit , 2%s............................1905 70
Extension, 4 * ............... ...1905
Mont, (kin.—1st, guar., (is.. 1937 *1X7% 120
j
lit , 5 * ................ .............19111
Keokug A lies M .- lit , 5 s.. 1923 105% 106% i No. Shore Hr.—1st c®n.58,g,1932|
1st guar. g. 5s....................1937 *105 106
,v v i
East, Minn,, 1st dlv. 1st 58.1908 *107% __...
132*8 Loot*.Evan*.A Ht. L.—Oon.Sa.1939; 30
Chic. 9 t P. A Minn.—1st,«•.. 1918
...
« . Paul AS. 0 . - l i t , 6 e .......1019
Loals. ASsab,—
-OselL Rr. 7s,. 1907 105
! W"n arAHIouxF,—1st, g,5».193“
107%
OH" AW ’ ud,—1st. 8. L. 6#.1919 *108
8an Fran. A N. P— 1st, g„ 5M 919
E. H, A Sail*.—1st Si, g . . . .19191
■Fsatsoom Division, 6a........ 1920. *105
84V.Ft.AWe»t* -1st, oon. g.6s.l934
Geo. fc .e s ..............
1932 119
8fc Deals Division, let, 6s.. .1921
Ohio. A West. Miob.—5s........ 1921
S aboard A Roanoke—1st, 58.1926 V
95" l o o "
O I, Ham. A D.—Con , s. f », 7s. 1905
'.
2d, 3«............. - ................ 1980; ....
;Seat.L.S.AK»st.,Ut«s,a8it.jKU931
37% 40
Id. sold, 4%*...........
1937
Southern—Ala. Gout., 1st 8 s.1918
Haahv, A Decatur—1st,7a..1900; 107
• *#
% **
1 . t..6 ».-a . A S. Ala............1910! .......
* • r> AT''*-—liter®. 5*.it.i'»8l 109
* »>
All. A Chsr.—Income, 6s...1900
City A 8ab. IBaB.)—lit , g., 5*1922
CoJmn. A Green.—1st, 5-6s.l916
50-year 5s. g.. .......................1937; 97%
Ciev.Ax. A Uoi.-Eq. * 2d 89.1930
Pena. A A t.- 1st, 6«, gold. ..1921 j 99
E. retm.V. A Ga.-Divla.5s 1930 115 . . . . . .
Otev.ACan.—Tr.ctfs.forUt&s. 1917 *67
Rich. A Dan.—Bq. s. l. g. o».1909
Collst. trust, 5s, g ..........1 9 3 1 ; 101%
0 .0 . C. A at. L.—Gen., % 8*.. 1993
.
Deben. 5s, stamped........ 1927 *95" . . . . . .
86
UAH. A M.AM.- •
i»t,g.,4%*1945 105
Cairo division,4 * . . ..............1939
NMh.Flor.AS.—
1st, gu., 5a.1937 85
Vir’ a Slid.—Serial aer-A, 6e. 1906 . . . . . . . . . . . .
rpring.ACol.Dlv.—Ut.g. 8*. 1940
Series B ,6 s.........................1911 . . . . . .
8o,.A No. Ala., oon. g t i , 5 * , 1 9 3 6
91
Keotneky Central—Is, g.,.1987 ’87
» fciteW. VAl-Biv,—Ut,g. 4a. 1940
Series C, 6s.........................1916
L. A S .-lx)U .C .A I--g.4% t.l931
Qln.Wab.AM.DlV,—Ut,g.4».1991
Series D, 4-58.................... 1921
|IXe
in. !.« t. L. A C .—lst.g.,4-,1936 i l l l 0 2 % >0 AJed.Rrtgero.—On.g.4e.l945
Series K, 5 s . .....................1026 ........ —
Consol ,6 * ............................. 1920
series F, 5*......................... 1031
. . . leinUv-lile Hy—let, oou.,* .S&19301
In. Ban. ACS.—Oon. l st.g. 5a, 1 928 107
... Meaipnia A Chart.— gold..1924
Si,
Gen,, os, guar., stamped .1936
WaslnO.AW.—1st our.gn.4s.l92.> *83%
Indiana S. A W,—l i t pf.7i.1900 104%
. . . Mexican Cent. Consol.—!*, g .l9 U ‘
Ohio 1ad. A W.—1itpref. 5*. . 1933
lat, oon*. Income 3», g— ..1931)!
Suabury A Lovrt«.-l»t, g .,48.1036
Mexican National—1st, g., 6a.1927!
Peor. * East.—Income 4a ..1990
Ter. Afl’ u o f St. L.—lat, 4%a.lS»3B
25
a c w can. a ind.—i»t, 7 * ,».ti«9 »
l8t, con, g. 5s............ .1804-1944 . . . . . . . . . . . .
2 d ,Income, 6e. "A ” .............1917I
Co»«o* s)hit. land, 7*.......... 1914
St.L.Mer.i3r,Term.,g.6s,gu.,1930 . . . . . . . . . . . .
2d, Income, 6a, ” B
. . 1917,
Texas A New Orleans—Ut.7s. 1905
<Jin.**pr.—lattC.C.C.AI.7*.1901 *109% . ..... MMiigur. Central—
Banlne Division, l*t, 6b...... 1912 *93
cieve. loraln A W .i.-U t, 5*.1933
___
6* ......................................... 19091
...
(Jiave A M»h. V.—Gold. «* ...1 0 9 st
Consul. 5 b. g ..........................1943
...... i Co«p<m,5*..............................I»ai!*i2 2
Col. MM. H g., 6*, M »t4___1936
Tex. A Par., E. D.—1st. g. 08.1905 1 0 7 ’
99
Mortgage A*......................... 1440’ 106
Tr. elf*., eon.. 4s................. n u o
Third Avenue (N.Y).—1st 6e, 1937 *122*2 123%
6% Bat.i..,5,8trgts.—I»t,3«,g.gn.l989
Or.;. , * ( l . A W.—•
T.AO.O.—Kan.AM., Mort, is.1990 '74 . . . . . .
Minn.A t. U - l s t , g. 7e........1927 140
68%
. . . . ! I i .v ,■ ) ( 'l l
' !.7 l----- l UOd
Tot. P«o. A West.—1st, g „ 48.1917 67
Mort 7 s........ ........ ...............1907
102
I Soatbweat Ei-..—let, 7b...... 1910
8 m , Bing, A » . T.—1st, 7*,«K»6i . . . . .
tnster A Del.—1st, 000 .,6.,5s. 1928
Onion PaeMo—1st, Cs............1806 101 . . . . . .
Montt A Baser—l*t, 7*. ...I 9 i4 «i43
___
Pscitto E x t—lot, 6 « ........ ..1921
donas. 7 a . . . . . . . . . . . ....... ..Idew ....... . ___ Ko.K.A Tex. —
1st, -it.. 5s, * 19441 6U% 64
1st, 0“. ......... ........................ 1897 301 . . . . . .
7s of 1871........ .................1901 ........ . . . . ; Mo.K.AT.dITe*.li?.*t'.5a.g.l942i *84
1st, Cs...................................1898 101
85
___
Collateral Trust, 69 . . . . .......1006 *101
lit , son,, g n » ., 7 * . . . .. . . . 191C .......i. ... ;- Ksasos City A P,, l«t,4a,g..l990; 64
Oolisural Trust, 5b.............1907 *83% . m m
Warren 2 d, 7a ................. lutio . . . . . , _ 1 Dal. Wan— If ',, 58, *U....l04O *......
_
mm
m
84*
Kansas Pacillo—1st 6s, «...1 8 9 o 111
O A ll.f'sa. —f'AfflV.,flonp,7i.l917i *14*5%!. . , Ml —iiurl Paoidc —Tniat- 5 * ...18171 05
1st, 6S, g - . . - . . . . . . . . . . . . . . . 1.
o t c in.. ■>. g ................... . . m o ! ......
*»
4 thmv * » u « l —1st,gsis,7»j.pm',*124 1.
*115% . . . . . .
M.iijlieA OWo—letext., 6a,..1927| ......
O. Br.TI V — 0 ., 7a..........L
P.
t»t„done., «n»r.,tts-------.18061*118%!.
50
Atch. Col. A Pao.—1st. o s ...1!
3!. U * -Cairo—ii.r n a r .......1931; . . .
Revs. A 8Mt. 1st.
i.
34
tr. P. Lin. (Vd.-U I,g„r,i;. 1016 *30 . . . . . A
forgo; •» La. A T.—lat. 6 s....1920 •111
D*vv.Tramway—' iotukm,g . i n n . . . . . . ; .
w*>bush—Debenture, Her. A ..J93i’KettOT'di. Ry.—'
g.6«»19T!! __
*« # ...»
,-.',7*...........- ......................1918
Debenture, Serlei B ........... 1939
r.j.y..
---!■! he..1.001
D»nv A R G.—Imt*., *..$*. ..1921,: ____
.
...1 1 2
27% *28**
Dot. A Ohio. Ext. 1st, 5s, g . 194'
0 «4 ,M .« M .- t . g.3% s,«er.A .If»ir *19 !. — !W. O. A. No. It.—Pr. I„ g., Sa .1915
98% 99
H L.K.C.AN*... Hr.c.Rilgufcr. 190t
H. V, Central.—l>eh. g, 4a..,.1905 104
Pel. A rt*. dt.-U< !:et). 4-,g. 1995 ...... j.
Wr,*t N.Y.A Pa.—Income 58..1043
4e, gold
- .. -* .,....,..1 9 9 5 ! . . . . . . . . . . . tj B» J. Jane—Goar. 1st. 4s. ..188b
'h I.'; — !; -1 ;.
v<.. u>;;;;
M s —1st, ext. g. 4 # ...... ........ 1947 *111 ...... I!
West. Va. 0. •; Pitt*.—1st. 08.101
*
.......
W hW .AU R.-1 St. 5s, gold . ">2*
2d, ssw soed, •«................ . ll»l» ........ : ____ | Oaw. A Rome—2d. 5*. g.,ga,1915
85
lltloa A Bl. Klv.—4a, *., go.1022
Wheollng Dlv., 1st, 5 h, g ...l9 2 8
75
Sd, e*t»nded, *%*,.......... ...1923: ........ . . . . . . i:
n . Y, * Pat.—let, *., 4«. ga. 1993
Exlonslon A Imp,
5s...... W .a
till, extended,
. . . . . . 1920;* 120
'■ * .* ) v.ndKi,A.--,
..loss;*!® * I
” . 7 . ?t. tJ. A H.—let. tag in. 1303
Wts. Cent. Snootoe 5sr
J*137 "*7" J0J
* a* * , . * E *r; thn.e are t
li
.latest quotations m
ade Dili w
eek Pot* .Wlseellaneoas Bond*— 3d page preoodtng.
8eo
TH K
272
^
Juxuestm ettt
(V o l .
HRONl L E
L a te s t G r o s s E a r n it i g s .
\ w eekorM o\
1
Ind. Deo. « West.;3d wk J une
fc
1897.
*
7,2251
1896.
|J a n .
1to L a t e s t Dat% .
| 1897.
j
LXV.
$
1896.
s
$
7,699
Ind. 111. < Iowa. I
fe
June........
52,509
52.863
51.449
In.AGt.North’D le'wk Aug'
47,326
49,300
tlnteroo. (Mex.) Wk. J’ly 24
44,650
34,194
29,536
Iowa Central... lstwk Aug
3,716
2,237
Iron Railway. . . J uly.
RAILROAD EARNINGS.
23,714
23,633
Jack. T. & K. W. Juno
11,821
8.470
Kanawha* Mich lstwk Aug
The following table shows the gross earnings of every K.C.F.Scott AM. Itli wkJuly 110,030 106,308
s t e a m railroad from which regular weekly or monthly returns
26,686
23,831
K.C.Mem. A Bir. ithwkJuly
24.932
23,8 >8
can be obtained. The first two columns of figures give the Kan. C.N. W .... July..........
5,102
2.851
gross earnings for the latest week or month, and the last two Kan.City A Ora. ItliwkJuly
54,640
16,607
lstwk Aug
K.
C.Pitts. A G ..
•oolumns the earnings for the period from January 1 to and Kan.C. Sub. Belt lstwk Aug
12,682
7,976
6.941
5.8*0
including such latest week or month.
Keokuk A West 3d wkJuly
3,741
3,543
L. Erie All A So. July..........
The returns o f the street railways are brought together sep ■
62.092
69,686
L. Erie A West. lstwk Aug
i - , u .y on a subsequent page.
_____ Lehigh A Hud.. July.
32,679
36,014
1,418,186 1,446,921
J a n . 1 to L a te s t D a te . Leliigh Val. RR. June
P a le s t d r o s s E a r n i n g s .
1,233,520 1,432,055
Leh. V. Coal Co. June
R o ad s.
107,166
104,812
18.849
19,655
Lex’gtODAEast. Juue
1896.
1897.
1896.
1897.
W e ek o r M o
507,028 513.666 2,145.835 2,178,913
Long Island___ July.
53,215
11.419
8.148
Los Ang. Term. July
51,168
$
889,963
26,785
825,393
31,646
74,979 Louis.Ev.ASt.L lstwk Aug
13,781
87,099
15,994
Adirondack.......May............
262,103
256,854
13,925
15,540
830,578 Lou. H. A St. L. 4thwkJ uly
2 5 ,4 :0
907,751
31,112
Ala. Gt. South., lstwk Aug
254,460 Louis v. ANasliv. lstwk Aug 404,310 342.495 11,963,554 11,640,726
285,483
55.568 1 45,665i
Ala. Midland ... May..........
31,980
32,501
3.850
4,384
Macon A Birin.. July
Ala. N. O.Tex. & Pac. June.,
79,638
15,879
7«,U*7
13,533
725,057 Manistique....... July
716,117
40.000
38.000
N Orl.& N. E. 4th wkJuly
690,952
38,410
47,390
741,435
287,596 MemphisAChas itliwkJuly
315,380
18.000
17.000
Ala. & Vioksb. 4tliwbJuly
{Mexican Cent,. lstwk Aug 239.705 192,544 7.743,464 5.878/290
292.883
290,304
20,( Oi
19.000
Vicks. 8h. & P. 4tliwkJuly
240.864 252,858 1,283,129 1,186,726
219,886 197,353 1,151,734 1,151,055 Mexican Inter’l. May..........
Allegheny V al.. June........
82,539 3,497,121 2,843,190
691,278 {Mex. National. lstwk Aug 105,700
22,762
749.255
22,031
Ann Arbor........ lstwk Aug
347,679
271,749
60,949
48,715
35,799 Mex. Northern. May..........
36,165
6,1 7
7,5111
Ark. Midland... May..........
59,500 2,097,902 1,690,574
70.000
[Mexican R’ way Wk. J’ly 24
Atoh. T. A 8. Pe. June . . . . . . 2,442,052 2,,148,774 14,434.0(10 13,590.232 Mexican So....... 3d wk July
290,051
400,661
13.092
13,550
594.271
682,954
Atlanta & Char May.......... ! 121,424' 104,784
34,976 1,106,839 1,089,891
34,861
241.017 Minneap.ASt. L. lstwk Aug
264,033
37,759
34 745
Atlanta A W. P June..........
72,774
62,548 1.990.813 2,049,204
StP.AS.St.M,
1 stwk Aug
318,204 M.
313,634
9,611
10,746
Atlan. &Danv.. lstwk Aug
347,646 329,663 1,625,389 1,562,886 Mo. Kan. A Tex. lstwk Aug 212,091 199, *57 5,94o,3u3 6,204,245
Atlantic & Pac May..........
9-,434 Mo.Pao.AIronM lstwk Aug 461,006 407.0 j 12,968,000 12,454,701
75,211
10.914
18,913
Austin A N ’ west May..........
414,258
592.00
14,001
20.00
Central Br’ch. lstwk Aug
112,777
108,505
32,700
Balc.Ch©8.A Ati. April........
35.553
421.00 1 13,560,00) 12,868,959
Total............ lstwk Aug 4 8 1,00<
13,6 0,9 1 9
Balt. & Ohio---- July............ 2,180.20712,,188,298 11,224,294
136,133
155,610
5,118
4,983
Bal. AO. Sou’ w lstwk Aug 12?,041, 117,545 3.619.622 3,577,867 M obile* Birm.. lstwk July
297,469 268,259 2,174,799 1,993,490
169.272 Mobile A Ohio.. July..........
194,968
Bangor AAroost March.......
574,429
682,069
97,544
10,391 Mont. A Mex.Gif June......... 102,048
1,586
1,433
10,181
Bath A Ham'nds June........
480,277 418,668 3,03 ,378 2,857,565
11,834 Nash.Ch.ASt. l.. July..........
1,594
12,013
1.432
Bir. A Atlantic.*July.......... |
72,307
14.37S
239,775 NeL. A Ft. Sh’p’o Juue........
47.192
224,91 <
•
Brunsw’kAWest May..........
52,748
12,309
13,043
3,019
3,777
Buff. Koch. A Pm lstwk Aug
75.810:
67,o56 1,946,507 1,923,134 Nevada Central. May..........
48,867
230,507 N. Y.C. A H . R .. July.......... 3,657,753 3,485,4s8 24,R46,178 24,622,053
39, 33
270,009
Buffalo A Susq. June........
N. Y. Out. A W .. lstwk Aug
86,115 2,240,895 2/214,545
86,812
Bur.C. Ban. AN 41hwkjuly 107,^64 106,702 2,163,003 2,428,870
1,031.945
OanadianPaoificI lstwk Aug 487,00
42<,00 12,305,694 11,378,228 N. Y.Susq. A W .. .June......... 182,^3 ti 182,009 1,009,20u 6.707.241
29,853 Norfolk A West. lstwk Aug 219,356 226,811 6,197,155
5,418
29,937
Car. Midland... July..........
7,493
25,183
23,803
3,313
3,S3
Cent, o f Georgia 4tliwkJuly 116,924 119,547 2,727,163 2,785,769 Northes’n(Ga.). M ay...
168,919
179,305
54,082
65,016
Central of N. J . June......... 1,026,083 1 ,041,23* 5,526,598 5,742,595 Nortlies’n (S. C.) March,
472,276 494,563 3,02 ,391 2,95 ,628
Central Pacific.[May.......... 1,044,817 929,145 4.72*,357 4,569,197 North’n Ceutrai June ..
273,914 North’n Pacific 4thwk J uly 641,952 508,005 9,346,288 9,022,317
53,356
■Charleston*8av. May
50,886
293,497
• 16.767
17,133
2,834
2,605
V34,317 Oconee A West. June........
79,564
Char. A W. Car. March___
73,421
241,188
554,000
499,803
20/-68
20,835
Clies. A Ohio... lstwk Aug 240,527 198,290 6,544,425 6,055,006 Ohio River......... 4th wkJuly
89,110
89,810
11,119
12,046
3,022,133 2. 724.578 16,941,848 15,592,118 Ohio Riv. AChas June........
Chic. Bur. A Q.f/ June....... ...........
435,973
358,237
Ohio Southern.. July..........
61,9 73
43 948
63,022
Ohio. A East. 111. lstwk Aug
74,978 2,252,026 2,261,231
311,908 273,816 1,608,597 1.587.241
Chic. Gt. West’ u . stwk Aug
95,88
87,574 2,755,191 2,714,184 Oregon Imp. Co. June........
Oreg. KR,*Nav. July..........
425.327 377,473 2.401.814 2,307,633
60,495
Chic. Ind. A L .. lstwk Aug
52.922
Okic.Mil. ASt.P lstwk Aug 600,4 72 550,248 17,062,346 1',710,578 Oreg. Sh. Line.. J une......... 586,479 498.305 2,7u6,0u5 2,558,632
Pacilic Mail___
393.132 392,054 2,289.123 1.990,168
une........
Cl.ic. A N ’thw’n. June........ 2,914,527 .932,2. ,2 li,336,809 15,493,167
68.919
Cnle.ANo. Pac. May..........
332,570 Pennsylvania. $. J une......... 5,185,335 5,105,599 29.589,483 30.305,275
64.342
319,014
498,983
PeonaDeo.AEv. lstwk Aug
517,270
i 7,283
19,352
53,719
Chio.Peo.AHt.L. July..........
69,241
519,015
451p 67
302/265
311.712
48,919
52.149
Chlc.K’Kl. A P . July.......... 1,409,351 ,28’ ,557 8,294,989 8,439,348 Petersburg........ J une.........
1,917,873
Chlo.St.P.M.AO. June........
635,588 630,405 3,446,866 3,486,933 Pliila. A Erie,... June......... 373,555 369,198 1,864,107
Clilo. A W. Mich. 4th wkJuly
40,863
869,671 Phila. A Read... June......... 1,678,800 1,778,293 9,427,257 9.816,805
44,734
878,48Coal A Ir.Co.. June......... 1,879/290 2 057 5»9 9.065,651 10,375,993
Choc. Ok.A Gulf June........
60,846
493,742
481,941
62,439
Tot. both Co’s. June........ 3 558,090 3,835 882 1 8 ,4 9 -9 08 20,192,798
Oin.Ga. & Ports. March.......
4,156
4,721
12,049
13,580
327,801
2s7,857
61,786
56 851
Cln.Jack.A Mac lstwk May
12,084
233,360
239,468 Ph. Read. AN.E. June........
11,278
d n .N .O .& T .P . July
311,772 278,744 2,031,008 1,929,127 Phil. Wilin. A B. June......... 756,517 7o2,417
Clev.Can. A 8 0 .. ;4thwb July
14.815
21,088
354.335
393,692 Pitts.C.C.ASt.L. June......... 1,188,613 1,198,235 6,789,666 7,250,397
24,050
25,313
3,442
2,475
CLCin.Ck. A S t.l 4th wkJuly 390,998 356,051 7,501,997 7,340,195 Pitts.Lisb.AW’n July..........
301,977
265,4 99
54,320
53.450
Peo. AEast’n May..........
145.342 140,716
668.341
718,977 Pitts.Bes.AL.E. June........
955,233 1,051,703
32,444
29,732
Pittsb. A Wes’n. lstwk Aug
CL Lor. * Wheel, lstwk Aug
17,20.1
22,525
480,545
486,408
13,641
16,161
Pitts. Cl.ATol. Lstwk Aug
Col. Midland___July.
143.507 143,904
938,649 1,088,754
226,353
188.6L7
7,966
7,565
Pitts. Pa. A F . lstwk Aug
Col. H. V. A Tol. July.
155,986 206,276 1,271,106 1,425,840
54,051 1,635,924 1,764.190
Total system.. lstwk Aug
53,458
Col.ARedMount June
8 .989
6 (,995
693,168
605.194
195,072 173,142
Pitt.Young. A A. June
Col. Sand’y A H.|3 wks June
46,964
49,826
348,874
342,909
172,516
171,776
25.391
27.440
Colusa A Lake.. July.
2,155
1,791
10,955
7,691 Quincy O.A K.C. July.
386,683
37 a 347
66,182
Rich.Fr’ksb AP. June
Crystal.............[May.
74,067
1,471
741
4,443
5,187
178,388
178,519
31,254
29,888
Cnmb’l'd Vallej [June____
82,796
78.431
360.225
390,598 Rich.&Petersb. June
265,310
212.609
8,090
7 293
Denv. A Rio Gr lstwk Aug 139,800 142,000 3,993,554 4,215,316 Rio Gr. Soutli’n. lstwk Aug
37,300 1,5 15,695 1,347,365
39,6 JO
Des M. A Kan.C 3d wk July
2,798
1,890
80,138
62,035 Rio Gr’deWest. lstwk Aug
868.476
604,024
21,8u0
22,200
St. Jos. A Gr. I... lstwk Aug
Dee.M.N. A W .. July..........
34,635
36,170
227,603
250,073
114,219
117,8L8
22,036
22,057
Det-G.Rap.AW 4tbwkJuly
29,366
32,409
693,476
644,668 St.L. Oil. A St. P. May..........
24,987
4,855
St.L.Ken’etASo. June
Det. A Lima No. lstwk Aug
5,961
.
Det. A Mackinai June.......
50.419
38,607
264,289
258,402 St.L ASanFran.[June......... 468,489 524,549 2.87^,398 2.918,656
74,653 2,462.796 2.595.370
76,990
DulnthS.S.AAtl.j lstwk Aug
59,989
58.328
862,002 1,214,779 St.L. Southwest J lstwk Aug
757,666
761,772
Elgin Jol.AEaet. July.
125.554 132,130
90,037
95,355
651,667
753,320 St. Paul A Dul.. jJuly.........
679/251
777,253
127.632
Erie....................[Juue
May.........
2,906,799 ,663,491 14,896,109 14,731,003 San Ant. A A. P .1
144,858
415 399
422,354
Eureka Springs May..........
73,173
87.725
4.989
5,007
24,1324,493 SanFran.AN.P. J u ly ......
l,40s,321 1,441,976
Evans.AInd’plls lstwk Aug
5,970
278,243 288,133
6.713
158,906
173,449 Sav. Fla.AWest. May..........
Evans. & Rich.. j4th wkJuly
2,911
April.......
303.328 270,816|
5.250
46,690
66,363 Seab’rd Air Line■
Sv&nsv.* T. 11. lstwk Aug
138 503
141 368
5,841
20,850
5, 58
4th
22,271
605,246
645,099 Slier. Slirev.ASo.1 wkJuly
96,215
Fitchburg........ J une........
86,925
5^9,003 628,001 3,338,968 3,521,807 Sil. Sprs. O. A G. May..........
24,504
22,915
Flint. A P.Marq. 4tliwkJuly
65,114
6.532
6.021
62,774 1,535,464 1,542,148 Silverton.......... July............
Fla.Cent. APen. 4th wkJuly!
'9,375
44.363
10,787
2,657'
2,535
38,781 1,454,670 1,312,477 So.HavenAEast June.........
Ft,W’thAl)en.C. 4thWkJuly
23.35
19,4151
57s/270
498,225 So. Pacific Co. - ,
Ft. W. A Rio G r,4thwkjuly
................ 1
9,0*7
337,937 37S/77L 1,810,574 2.045,534
5,683
Gal.Har.A 8.A May..........
158,991
164,558
Gads. & Att. U .July..........
378.876
723
410,502
70,941
60,905
93tl
Louis’a. W est.[May..........
5,103
6,362
4tliwk.J uly
37,086
390,161 335,851' 2.106,867 1,981.743
32.198
Morgan’sLAT. May..........
833,068
7.-8,346
4th wkJuly
81031
20,749
19,412
16,94d! 116.751
23 34)
N.Y.T. A Mex. May..........
574,691
415,522
540,746
June........
57,5 3
634.285
48,369
97.408
118.957
436,524
Tex. A N. Orl.. jMay..........
368.804
July..........
79,995
80.^63
944,566 895.159 5.128,067 5,088.895
486,922
AtL Prop’tes.O May..........
505.804
Gr. Rap. A Ind. lstwk Aug
40,403
3 9,4 3 1 1,109,019 1,181,675
Pacific system!May.......... 2,651.238 2,429,267 12.220 807 12.268,(-31
Cin.R. A Ft.W lstwk Aug
7,871
8,029
Total of all./ May.......... 3,807 307 3,542,024 18,368.924 18,323,064
229.752
248,486
Traverse City. lstwk Aug
868
1,0*5
789/271 789,522 3,753.937 4,076,518
22,578
So. Pac. of Cal. M ay..........
29,744
M um. G. K A I lstwk Aug
2.698
2,574
212,838 180,021 1,062,817 1 007,433
So.Pac.ofAriz. May..........
64,380
75,681
Tot. all line* lstwk Aug
51,S4v
501,671
51,119 1,427,829 1,535,586
90,743
576,005
126,870
So.Pao.ofN.M. May..........
Grand Trunk.. ithwk July 664.602 632,268 10,163.948 10,004,153
787,415
172.722 161.861
787,761
Northern Ry.. May..........
Chic. A <. r Tr 4 tliwkj uly
78,631
71,330 1,694,3391 1,839,571 Southern R y ....! lstwk Aug 341,125 307.676 11,032,475 10,559,739
Det. Gr. H A M itliwk July
2 5,H I
187,800
28,194
316.044
41.752
57,621
537,737
515,054 Spok.F'ls A Nor. June.........
Cin.8 ag.AMat itliwk J uly
3,185
11,459
3,552
9 813
3,789
63,533
4,156
75,406 Stony 01. AC.Mt.iJune.........
ToLS. A Musk j4 tli wkJuly
3,150
404.815
333.862
79,282
66,319
59,053
40,857 Summit Branch. May..........
Great North’n
370.627
67,049
3 JO,649
66,881
Ly k. V al. Coal. May..........
St. P.M. A to July.......... 1,447,002 1,370,569 7,575,012 7,639,976
775,442
661.511
133,368 I46,ln3
Tot’l both Co’s May..........
East Oi Minn. •July..........
165,589 161, ) 6 | 835, >56
126,310
121,576
5.171
4,203
917,478 Texas Central.. 4tliwlrJuly
106,22* 168.225 1,127,587 1,118,232 Texas A Pacifio. lstwk Aug 104.857
MontanaCont, July..........
94,546 3,614,858 3.351,347
Tot. system. July.......... l,778,«li* L,700,710j 9,538,155 9,675.6-6 Tex. S.V.A N.W. May.......
12.620
2 ,5 6 4
1 3,L O
O
2,085
GTfB’mntAK.C. July..........
12,801
9,276
70,U43
25,379
21,704
916,987 1,059,481
48,562 Tol. A Ohio Cent. lstwk Aug!
Gulf A Chicago July..........
2,853
2,407
23,551
555.924
490.49J
4thwkJuly'
20,250
21,636
21,004 Tol. P. A W est..
5.054
June........
4,945 j
24,30
44,654 1,261,759 1,200,377
51,903
Tol. St. L. A K.C. lstvyk Aug
May..........
179,227 17£70§! l.UsilGTi l.lls lo '-l Union PacificJuly.......... 11892625 1638624 112551574 112012672
Illinois
Union P. RR.. J u re .........11,259,188 1,128,094 6,723,255 6,161,069
AJTD
R a ilr o a d
In t e llig e n c e .
Ac c t 1 , 1 9
o s 4 8 ?.]
R oads,
THE CHBOMCLE,
Latest Grots Earnings.
Week or Mo
1897.
1896.
T in P a r • (C o u .i
$
t
f
Acb.ODl.4k P. t
32,146! 25,217
Aob.J.C.&W! June........
20,000Gent.Branch a Istwk Aug;
14,000
57,443
Cen.Br.AtML J u n e ..;...
70.864;
Gr'fl t o t a l, ‘ t Jun e........ 1,155.847: 1,296,264
54,574
66,541
C n . P . B e n . A G . , 1th wk Jty
Wabash............. Istwk Aug: 247,0 7: 213,974
13,350
14,451
WaeoANorthw. Stay___. . .
W.Jersey&Sea’e Ju n e........ 225,285 246. i 4 2.
W.r.Ceu APJtb Slay..........
9.3,155:
93,2*7
WestVa.A Pitts. May.........
36,388
33.824
39,710
43,434
Western of Ala. J u n e........
91,900!
91.400
West. N .iP a . UhwkJsily
.y
22,911
15,307
Wheel. A I.. Erie istwk Aug
52,869
Wit. Col. A Awe March.......
56,180!
93,624 10 . 82
Wisconsin Cent latwk Aug
5,015,626!
Wrieht*v.«fcTen. Ju n e---- 5,529
York Southern J une........
5,231
Jan. 1 to Laletl Date.
1897.
145,642
414,324
339,323
7,130,585
1,697,357
7,118,733
91,290
1,060,192
472,875
156,750
257,247
1,641,492
h11,424
ISO, 184
2,350,35-1
14,768
30,375
* Future- given do not Include Oregon By, A Nav., Ua. Pan. Denver A
Gulf, Denver Leadvllle A Gunnison, Montana Oolou and Leavenworth
Topeka A south western, a Those figures include resultoon lease.* li oes.
b Include* earnings from ferries, etc., not given separately, f Mexi
can currency, e Include only half o f lines la which Union Pacific has
a half interest,
tl Include# operations o f the Chic. Burlington & Northern In both
years.
; Covers results o f lines directly operated east ot Pittsburg,
f Include* S t Lento Alton A Terre Haute for all periods; beginning
with July, Chesapeake Ohio A Southwestern la also Included, but for
this year only.
Latest (r’-o-H Earning* by VFeeks —The latest w e kly earn
ings in the foregoing are separately summei up as follows:
For the firs* week of Vagus our preliminary statem-nt
covers 43 r ia&s, and shows 10'09 per cent increase in the
aggregate over the same week last year.
let week of A ugutt.
1397.
I
Alabama (H. Southern..
Aim Arbor------------------Atlantic A Danville......
Bait. A OtuoSoathwMt
Bitdale Ri'u-h. A f itwb's
Canadian PaelUc............
Cfcearpeake* Ohio....... i
fjh*- a ... -* East Illinois
i h o Great Western........ {
Chte. Ind*/*n»p A Loulsv
Ohlrawo Mil*. A st. PaulClei. imraiti * Wheel'*.Denver & Bio Grande ..
Evans? A Ind iana polls,
Brawn* A Terre Haute.*!
Grand Rapids ,-v Indiana !
< to K k i & Pt. Worth, r
T ’ »»i t*ei HJ...----!
Mu*k (it R .p V rod.
Internalional w:0jfc8o»,i
towa Central _ . . . .
_
Kanawn* A Mlchlcnn...
Kan. City -M tab. * Galt
i
Kan. City Bab B e lt...,,.
Lake Ene A Weater*......
Loalsv. Eraser, A at. L
Lonlevllis A Nashville..Mexican 'e o tra l..............
Mexican National .........
MinueaptiH* A at, Loui*.:
Mitts. 8t. t . A ate. S. M
Mu Satis***
tas ...
Mo. PaclHc A Ir * Mt.
Central Branch ............
N, Y O ntario* Weston
Norfolk A W eston.........
Peoria Dec a Kvrnsv..
PHtatranr * IV—tern.. ..
P.io Grand* Southern...-t
Rto flraooe Western___
8t, Joseph A 0*1. Inland,
BA Loot* Southwestern.
Souther*, Railway........ ,
Texas A Paelfle .........
Toledo A Ohio Central..
Tol. St. L 4 Kan. City.
Wabash...............................
Whwdlne A Lake Erie...
Wisconsin Central..........
1896.
•
8
I
31,112
82,70V
9,811?
128,041;
75,81’
*87.000
aio.vr
63,022
98,882
00,495
600,47217,2".
139,800:
5.87b
20.85’
40.4 J
7,874!
9 si
2,0. *
51,4*9;
34.19*
11.83.
54.*.4
12,0069,64
20,7831
404.3 u*
239,705:
10s,7o*
34.881!
78,77*
212,09.
461,060
20
86.812
2,8,356
19.352
58,44s•
7,293
39,60
22,-iMn
76 »»>.*.
341,125
104.457
21,704!
5 1.903
347,67
15,307
93,624
25,470
•22,031
10,7 »<
*
117,54'.
07.056
42 *,OOt
198,890
74.97*
87.57 •
53,922
55 0 .it
Ui,00M
ft*? 13
33,271
8, 29
)
2,57*
47,32*
29,53
8,110
16 0u7
7.97H
«2,o»'2
Bi
3 .2 ,4 9 .
192,544
92,5,11*
3 4,97 u
67,548
199.95;
407, 0*00*.
1 t.l>»
89.115
226.9 U
Inertoee. JDecrease.
5,64
731
10,496
$
1,135
8.754
6 1,0 0 0
42.237
8,3C 8
7,5 Li
50,2.4
Tl',95G
5.322
Grand Trank of Canada
Chicago A Gr'o Trank.
Det. Gr. Hav. A Jfilw..
Cln Sag. A M *ck.........
ToL Sag & Musk...........
Interooeanio (Mex.). . ..
Kan. City Ft. 8. A Mem.,
Kan. City Mom. A Btrcn.
LonlavUia Hend.A St. L..
Uemnnls A Charleston.
Mexican Rallwav ..........
Stinn. St, P. a S. Ste. .M
.
Norfolk A western........
Northern Pacific...........
Kio Grande ‘vV stem ...
,
ShermanShreve. A So..
Texas Central.......
Toledo Peoria A Weet’ n .
Un, PaO. Den. A tjalf_
_
Western N. Y. a Penn...
1897.
1896.
$
661,602
78,631
2 5 ,111
3,185
3,150
49.300
110,080
23,831
15,5 iO
47,390
70.000
10 ,759
211,983
641.952
100.100
5,641
4,203
20,250
60,541
91.400
$
632,268
71,330
26,194
3,552
2,782
44,650
106,308
26,636
13,925
38,410
59,500
93,031
199,-6/
5)8,005
79,200
5,358
5,171
21,636
54.574
91,900
10,670,616
1896.
$
$
209,799
592,000
478,690
8,001.492
1,865,089
6,603,8-0
85,383
1,027,128
455,772
151,766
300,653!
1.3 41,430
5*2,51 •
*
186,696
2,463.344
38,935!
3 1,05
ilk week of July,
273
9,649,975
........
........
972
12*
4,121
4,65s
3.4- 1
3-.1.3
I.Tftft
7.514
Roads.
1*97.
1996.
$
8
Bost. Rt’ V. B. A Lynn Apr, 1 to June 30___
584,674
03,800
Jito. I to June JO_
_
430,054> 111,640
Burl. Ced. R. AMo. n.Juue
340,417
351,857
Jan. I to tuue JO___ 1,846.933 2,112.688
135,760'
Ohio. A West Mich -June
127,932
Jan, l to June -iO---753.609
734,918
Det. Gd. Uap.A V.a. June
103,176
94,939
Jan. 1 u> Jd..« in ...
545,745
600.805
Detroit A Hack'd.*.Juno
50,449
36,607
Jan. 1 to June JO ....
264.299
2 5 s ,402
July l to June 3 o .„ „
406,699
431,570
Ed.EL Hi. Oo„ Bkiyu.July
05,688
57,828
Jan. 1 pi July J t.......
488,996
151,811
B*li»imEUI.Oo„N.y .July
162,4531 150,6'*1
Jan. I to July 3 1 ..., 1,391,220 1,262,796
E*ll*ou El.ILCo.St, L .July
Jan. i » Jaiy 31..........................
.........
Fltchbury.b—
Apr, * to June 3 0 .... 1.773,403 1,815,787
Jan. 1 to June 3 0 ..., 3.338,968 3,521,607
155 Georgia A Atop a.».Jnno
76,132
72,437
217
Jau. 1 to June 30_
_
198.641
343,230
July t to June JO_ l,02i,9J4
_
623,018
HJUtouCantrw.a. June 1,714,284 1,090,115
5
47.161
23,161
743
1*421
r^ _ _ _
_
, , ,,
10,374, 4S
22,002,842
4,881
Lake Erie A WMt b June
293,179
290,078
Jau. 1 to June 6 0 . . . 1,636,749 1,690.435
Mexican Telephone.June
10,656 !
HI 0,066
,m
mm
3
32,334
7,301
368
4,650
Decrease.
$
3 / 83*367
9.772
1,615
8,980
10,5 0
8,728
15.116
133,947
27,900
483
11,96-
2,855
'
........ **
9 8
1,336
500
1,108.331
1,026,641
81,690
Net Earnings Hoothly to Latest D ates.-T he table follow
ing shows the gross a d net earnings of Steam railroads
reported this week. A full detailed statement, including all
road* 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 Chronicle of July 17, 1897,
The next will appear in the issue of August 21, 1897.
-Unite Marnings.
. f i t E a r n in g s . ■
%2 W
.......
/tie rears
M ,r. 1 1 June 3 0 ___
42,1141
10,596
1897,
$
539,147
40,i 51
88,536
588,347
17,361
134 91 4
42,068
137,465
10,081
71.412
96,908
26,765
219,213
59,035
63 ,749
17,848
183,035
1996.
$
10,490
13,073
87,118
604,198
12,305
101,073
31,050
86.642
1-1,992
9 i,2 0 8
142,731
22.746194.653
57,271
541,80-1
20,734
188,731
390,188
456,242
834,463
825,072
1 2,578
11,364
104.246
89,445
284,053
Ib 2 , » j 4
219,874
384 ,68 4
2,955,400 2,834,321
0,375,053 7,040,56 6
111,846
119,933
637,896
718,433
4,132
2,107
15,571
10,509
N. Y. CMc. A 81. tob—
Apr. I to June .>0.... 1,214,253 1.311,023
243,900
246,139
........
115
459,215
Jan. I to June 30 . . . 2,5*5,237 2,765, .14
442,779
10,276
363.377
92,288
117,640
12.* n
. .. K Y.Ont. A Went.a.Juno 3*9,673
417,389
423,732
Jan. I to June 30 ... 1,7 ,7,097 1,732,1. 8
54.000
July 1 to Juuc 30 .. . 3,894,103 3,770,336 1,113,907 1,080,778
6,<*O
0
697
945,114
Norfolk A Weat'a *..Juaa
8 i2 ,3 ol
201,943
189,158
........
7 155
Jan. 1 to June 30 .. . 5,120,101 5,6 4,243 1,308,935 1,116,321
it
li.
Oct, 1 to June 30 ... 7,910,075 8,409,193 2,141,281 1,75J,«U8
51 0 ,1
593
75,867
85,760
27,480
28,961
S.iKI )
,
797 Ohio River.b .........Juno
422,343
473,750
Jau. I to June 30 . . .
139,310
143,393
__ ^
2,30 >
37,30**
371,113
166,833
Oregon R8. A Nav .June 417,222
400
........
125,768
21,900
. ________
1,970.487 1,930,160
Jan. 1 to Juno 30
643,518
74,653
2,337
July l to June 30
. . . . ....
1,94-*,436
4,031,978
307,076
33,449
94,546
10,311
354,661
245,715
Oregon Short Line b.June 586,179
498,305
___ T _ _
25,278
3,675
Jan. 1 to June JO ... 2,706,005 2,558,012 1,355,305 1,250,127
7,749
........
*4,034
822,879
970,570
Mar. 16 to June JO.,. 1,720,737 1,610,307
243,974
3,653
64,093
11,481
61.197
1,- 88
7,007 PeonaDeo. A E v....A pr,
22,9 l i
282,040
55,9 24
81,280
278,906
Jan. 1 to Apr, 3 0 ---7,758
........
101,382
77,870
94,384
Pblla. A E r ie .......b.June
373,555
369,198
468,006
477,496
56,010
Jan. 1 to Juno Jo .. . 1,864,107 1,917,873
538,478
Total <49 roads)........... j 5,263,30*. 1,780,828
16,676
76,913
13.832
Teh Peoria A Weat.b.July
69,804
........
492,478
Set Increase (Ui 09 p.o.l.i
555,924
127,0/9
140,162
Jan. 1 to July J1......
490,193
For the fourth week of July our final statement covers Ulster A Delaware 98,522
27,751
22,967
Apr. 1 to fune30---101,808
84 road*, and shows H
P6-1 per cent increase in the aggregate
171,467
39,679
29,310
Jan. 1 to Juno JO___
lo8,53S
over the same week last year.
Onion Pactflo—
429,970
408,978
Onion Pan, Ry.b..Juno 1,259,188 1,128,094
Jau. 1 to Jnfla JO.. 0,723,-55 6,161,069 2,2oB,l65 2,069,284
Increase. j Decrease.
M week of July.
1890.
1897.
13,950
32.326
10,681
Cent. Branch
b June
39,718
78,131
115,514
193,081
Jan. t to June *>0..
208,891
S
$
«
25,217 def.2,295 de£,5,001
57,033
709,733
Previously rop'd<16 r'*l*. 7,346,367 6,635,167
A t% 2 :& £ w :i
32*
14C
Ala. No, A Tex Par.—
15,770 ile f.24,539
145,042
Jan. t to J un# 30
209,7 99
2,000
40.000
38.000
New Ore * No. East..
423,165
1,296,261
456,818
1,000 Grand total........b .June 1,455,847 7,130,585 2,608,227 2,220,632
17.000
18.000
Ala. A Vicksburg........
Jau. I to Juue 30.. 8,001,492
1,000
20,00*
19,000'
Vicks. Sh. A I',.*--........
43,3 8 3
264.842
3L.909
On. P. O, A Gulf b . Juuo 270,584
1,262
107.964
106, 02
Bari. Ce*l. Rat*. A North.
2 48 ,30 8
403,379
Jaa, 1 to June 30___ 1,584,201 1,402,282
*8,871
44.731
10,363
Chicago A W«s* MMilvai
0,273 Western Gas Co.—
1 1,915
21,098
Ctov Canton A Sxrath'n.. i
28,073
24,514
'34,9*7
390,992
ft MilwaukeeGas-L.Co. July . . . . . . . .
336,051
Clev. Ctn. Chlo, A 8f. L ..
226,082
*8,043
259,004
Jan. 1 to July 31 . . .
........
32,4*6*
Let CM. Rapid--. A West.
29.36«
1 ,6 0 1
58.323
Duluth *o. Shore A Atl !
59,989
2,340
a Net earnlmts hero alvon arc after deducting taxes.
02,774
Flint A Pare Marquette.
65,114,
b Net earnings hura given are before daduetlun taxes.
Fla (> o t A Peninsular !
*4,363
38,791
5 Includes an exceptional amount of'Bllaoellaaecma inooine reocived
!;i lf
19,415
PtW ortb A Denver City
23,33!*!
3,40*
5.693
9,087
P t Worth # Rio f>, and** !
ioterest, E lm rges uml S a rp lu n ,— T he fo llo w in g roads, in
4 ,9 8 8
37,03*5
32,198
Georgia .........- ........... . . . . !
4,7*7
55,202
addition to th eir gross and net ea rn in gs given in th e fo re
60,079
Grand Sapid** Indiana
966
10,381
11.217
Cincinnati R, A Pt. W. ;
311 goin g , also report ch a rges t *r in terest, X o., w ith t he surplus
1,465
1,154:
Traverse *lty........... .. .
or d eficit a b ove or b elow those ch arges,
230
3.160
3,416
Mask. Or, Rap, A Ind -:
[V L L V
O. X
THE CHRONICLE,
274
1897.
*
34,103
207,095
. - B e d . o t K et E a r n ’ s . 1897.
1396.
1396.
$
*
*
:lef.l7,048 del 21,78 J
34.091 i
203,204*401.71,363* df. 101,063
121,134
60,228
359,014
22,373
120,340
57.594
347,095
21,973
- G ro ss E a r n in g s .-
- I n i . ,r e n t a l s , etc
R oa d s.
Ohio. A W . Mich. . Jane
Jan. 1 to Juoe 30—
Dot. Gd.Rap.A West.—
Jan. l to .Tuna 30___
L. Brio & SYast'o. ..June
Jan. 1 to June 30—
Tol. Peoria & West., July
118,683 tdef.34,166
62,339
51,618
371,358
278,852
def.8,741 def.5,297
• AJiar allowmar for other income reoaivail.
t After allowing (or interest, received, amounting to $1,352.
Alter allowing tor interest paid, amounting to $468.
S I'HEKT RAILWAYS AND TRACHd S COdIPAVlES
The following table shows iln gro s earnings for the latest
period of all street railways from which we are able to ob
tain weekly or monthly returns. The arrangement of the
table is the same as that for the steam roads—that is, the
tirst two columns of figures give the gross earnings for the
latest week or month, and the last two columns the earnings
for the calendar year from January 1 to and including such
latest week or month.
STREET RAILWAYS AND T 8ACTION COMPANIES.
L a te s t G ross E a r n in g s ,
Gross
E arnings.
W eek o r H o
1897.
1896.
J a n . 1 to L a te s t D a te .
1897.
1897,
-N e t E a r n in g s .-
1896.
$
R oads.
1897.
1896.
Albany (N. Y .)—
144,602
Apr, 1 to June 30___
67,238
50,609
144,510
269,959
Jan, 1 to Juno 3 0 ....
264,331
84,607
98,699
Buffalo (N. Y.) —
Apr, 1 to June 8 0 . . . .
315,178
167,503
158,251
345,355
638,254
Jan. 1 to June 3 0 .. ..
680,509
329,219
308,864
Crosstown Si. Ry. (Buffalo)—
Apr. 1 to June 3 0 ___
114,862
120,312
33,790
44,r’09
Jan. 1 to June 3 0 ___
221,625
64,510
74,922
226,351
56,112
Columbus (O.) St. Rv Julv
51,735
29,914
26,433
371,-21
Jam 1 to July 3 1 .. ..
335,760
188.805
174,961
Detroit Citizens’St, Ry.July 106,914
100,542
57,554
43.368
Jan. 1 to July 3 1 ....
617,138
586 560
236,919
296,565
38,140
Detroit Electric R y ., July
34,467
12,187
10,939
Jan. 1 to July 3 1 .....
234,364
250,246
74,761
75,279
Herkimer Mohawk Ilion
3,509
1,735
1.261
2,798
& Frank. EL K y.,., June
Jan, 1 to June 3 0..*.
9,936
21,654
20,397
11,190
Manhattan EL (N.Y.)—
976,224
Apr. 1 to .June 3 0 ___ 2,332,748 2,321,813
935,898
Jan. 1 to June 30___ 4,720,252 4,684,6*4 2,024,737 1,830,997
Second Ave. (N. Y,)—
59,352
Apr. 1 to June 3 0 ....
36,218
223,447
174,085
39s,470
85,418
5,383
313.579
Jan. 1 to June 3 0 ....
9,778
9,469
21,6-49
23,949
Waterbury Trac,Co.. July
61,002
142.170
Jam 1 to July 3 i . . . .
136,501
60,357
Wen t Chicago Sr. RR.—
Jam 1 to May 31....... 3,511,233 1,651,643
587,707
586,615
1896.
Interest Charges aud Surplus— The following Street
railways, in addition to their gross and net earnings given in
41,064 the foregoing, also report charges for interest, &o., with the
18,860 surplus or deficit above or below those charges.
42.251
9,354
9,258
Akron Bedf d & Clev. June .
18,268
4,2’ 9
4,385
Amsterdam St. Ry_ May.
21,189
4,362
Anderson EL St. Ry.. May.
42,159
8,749
40,999
8,896
Atlanta Railway___ _ June.
121,820 121,399 610.322 593.894
Baltimoje Traction.. June .
iM41
8,717
1,704
1,981
B.tth St. Ky. (Maine). June .
6,554
8,696
Bay Cities Consol.... June.
12,776 12,987
Binuhamton St. Ry... June .
31,741 35,741 179.290 185,299
Bridgeport Traction. July..
29,872 29,836 151,283 142,066
Brockton Con. St. Ry. June .
Br’klyn Rap. Tr. Co.—
421,291 433.190 2, 647.7442; ,632,460
Brooklyn Heights... July.
68,231 69,253 422,900 410,053
Br'ldynQ.u’ns&Sub, July
489,522 502,443 3. 070,644 3 4)42,513
Total for system.. July
638,254 8*0,509
Buffalo Railway.. ... June
13,519 13,731
38,340.
38,683
Chester Traction {Pa ) March.
1,906
9,883
City Elec. (Rotne.Ga.) June
2.541
10,8431
139,616 140,577 779,696 795,509
Cleveland Electric... Jane
8,093
3 -,2LB’
Cleve. Painsv & E . June
Columbus St Ry. (O.) lstwk Aug 11,879 12,756 347,639 384,277
Coney Island & Bhyn. June
34,441 34,786! 152,744j 158,643
!
Danv. Gas El. Light &
8,206
June .. .
48,795
7,736
50,831
Street Ry.
62,854 64,878 339,417 349,508
Denver Con. Tramw.. June Detroit Citi’ns’ St.Ry. lstwk Aug 22,971 24,o88 640,109 611,148
J u ly ....
34,467 38,140 234,364 250,246
Detroit Elec. Ry
15,832 19,651
74,322
85,353
Duluth St. R y...
May—
12,737 13,694
Erie Elec Motor Co June . . .
71,460
63,283
Galveston City R y... March..
39,845
14,559 13,528
44,175
Herkimer Mohawk II
ion A E ffort El. Ry. June.
21,654
2,798;
3.509 20,392
HooaiekRv.......... .
June.
671
835
3,360
4,011
Houston Elec. St. Ry, June.
17,347
17,838 92,595
95,403
Interstate Consol, of
ISorth Attleboro
June .
10,649 10,891’
57,913
56,355
Kiogsion City Ry----- June .
4,934
4,578
25,125
24,664
Lehigh Traction — . June.
8,512
9,453
57,433
48,930
9,966
London 8 t, Ry. (Can.). June .
43,920
8,865
38,782
Lowell Law. & Hav..'June
41, d54 39,323 192,870 186,362
Metrop. (Kansas City) lstwk Aug 36,098 37,230 1,054,578 1,050,149
Metro. W, Side (Chic.)!J uue ...
66,485
Montgomery St. Ky.Jjune ...
5,466
5,215
’’ 6,512
i
27,048
Montreal S r.reet Ry:.. July. . .
129,243 118,372 768,323 721,109.
Nassau Elec. (B’klyn);Juiy....
217,779 203,279 1,059,389 745,464
Newburgh Electric... "June
8,342
7,976
34,363
36,385
New England S t— I
Wi nChester Ave .. . |
March..
14,395 14,388
42,076
42,681
2,14>
Piym’th & Kingston March.
2,062
6,040
6,096
Total. . . . — „..«March.
17,037 16,450
48,116
48,777
New London St. R y..ou tre-.
5,236
5,129
19,985
20,494
New OrleausTraction July...
102,253 114,245 756,820 795,975
North Shore Traction July...
157,201 172,100 786,174 808,378
Ogdensburg St. liy ... 'June ..
1,658
2,367
7,366
8,019
Paterson Ry............... June ..
30,804 27,951 153,256 155,739
3,212
Pitteb.Ft.Sub. El.Ry. June . . . . . .
1,298
16,342
8,052
Potkeepsie & Wapp.F. May .
8,454
7,781
29,823
31,041
Rox >'h Ch.H & Nor'n June
7,424
9,114
34,111
31,075
Schuylkill Tractton.. May.
7,113
8,856
34.744
38,525
' Schuylkill VaL Trac. jMay.
5,096
5,250
20,235
:Scrant«>n & Carboncl’e April
2,852
Scranton & PUtstom April..
4,662
18,384
Scran ton Railway.... June
28,487 29,275 162,845 1.61,778
Second Ave. (Pi&frb.) M ay...
85,434 89,173 *294,550 ■297,224
Syra case E’st-SideRy. J une.
2,740
3,437
15,795
18.374
Syracuse Rap. Tr. Ry. June..
34,939 36,955 202,464 212,007
Terre Haute Ei’c. R y. May
12,683 13,777
58,424
60,951
Third Avenue (N.Y.). June
1,256,493 ,292,916
Toronto R y ...
J u ly ....... 105,381 86,560 577,038 551,477
Twin City Rap. Tran. June........ 159,460 170,470 920,599 960.164
Union (N. Bedford).. June........ 18,738 20,391 101.535 102,767
United Tract. (Prov.J June . . . . . 146,94 i 150,307 806,663 -827,824
20,006 18,054 ' 85,740
Unit. Trac. (Reading);June . . . . .
87,752
Wakefield & Stone.... jJune . . . . .
5,309
5,649
24.744
24,857
Water bury Tr action.. July..
23,949 21,699 1 4 2 ,1 7 0 136,501
Wheeling Railway. . . May. . . . . .
13,610 16,180
62,641
66,941
Wilkeab. & Wy. valley'June.......
3 9,0.43 43,101 ! 227,710 236,431
" Includes results on North Side Traction Company, which was leased
February, 1896, to the Second Ave. Traction Co.
Street Hallway Net Kamings.—'The following table gives
the returns of STEEET'raHway gross and netearningsreceived
this week. I u reporting these net earnings for the street rail
ways, we adopt the sime plan as that for the steam roads—
that is, we print each week all the returns received that
week, but once a mouth (on the third or the fourth Saturday)
we bring together ail the roads furnishing returns, and the
latest statement of this kind will he found in the Chronicle
of July 17,1897, The next will appear in the issue of August
91, 1897.
I n i . R e n ta l s , die. — .
R oads.
Waterbury Tract'm.July
Jam 1 to July 31___
1897.
<
g
3,110
21,612
A N N U A L
1896
B a l. o f W et E a r r J g s .—,
1897.
g
5,240
25,168
6,66 8
38,745
1896
<
g
4,229
37,834
R E P O R T S .
Annual Keporfcs.—The following is an index to ail annual
reports of steam railroads, savet railways and miscellaneous
companies wmch have been published since the last editions
of the I nvestors’ and Street Ra il w a y Supplements,
This index does n ot include reports m to-day’s Chronicle .
R ailroads and M
liscel. Co .1
V o lu m e 65—
R a ge.
B o sto n & A lban y (a d v a n c e ).......... 193
Buffalo R oeh . & P itts (a d v a n c e ),.. 232
Calum et & H e cla M in in g ................ . 233
E rie R R . (a d v a n c e ).. ....... .............. 232
M exica n I n t e r n a t io n a l.......... .149, 156
Mobile & Ohio (advance) .. ------ 23*
R ailroads and Misc£L.Co’s(C o?& j
J
V o l u m e 65—
Page
R y . E quip , o f M in n esota............ ... .. 150
R io G rande S o u th e rn .
................ 233
San F ra n cisco & N orth P a cific....... 193
STKELT Railw ays .
S ch e n e cta d y R a il w ay. . . . . . . .. . . . . 233
U n ion Ky. (N, Y . C it y ).. . . . . . . . . . . . . 193
Chicago k Sorth Western R ailw ay .
( R eport for the -year eirting May SI, 18.97 J
The r imams of President HagaLoc via o; found oa subse
quent pa^es,
L
’he o imperative tables for four yews, coinoUed f n- the
Chronicle, are as follows, including since Sept. 1, 1891, the
Mil. L. S. & West.
OPERATIONS ASD FISCAL RESULTS.
1 6 9 3 -9 4 .
1896-97.
1895-id.
1894-95.
Miles op. May 31
5,031
5,031
5,011
5 ,0 3 L
O p e r a ti o n s 1
Passengers car
ried . ...........
1 7 ,1 8 2 ,4 0 >
13,821,065
15,241,910 15,117,198
Passenger mile
a g e ................. 311,103,833 361,600,370 340,377,973 4*1.140,833
Eateper passen
1-95 ets.
ger per mile.
2-04 ots.
2-05 cts.
2-07 ets.
Freight (tons)
17,032,389 13,82-2,906
moved*........... 15,225,138
12,949,182
Freight (tons)
mileage*____2251,027,285 2372,355,433 1713,655,941 1939,355,695
Rate per ton
per mile*.......
0*99 ets.
1 03 cts.
1*14 ots.
1*07 ots,
E a rn in g s —
$
$
$
$
7,408,827
7,044,691
9,226,16?
Passenger.........
6.963,578
24,354,622
Freight.......—
22,216,612
19,4^4,415
21,284,929
1,679,268
1,777,053
1,725,312
1,47 4,786
M.aii,«xs>’ as,&o,
Tot. earns.
E xp en ses—
30,977,213
Maimof way.&e
Maiut. of equip.
Cond’n tr’nsp’u
General,...........
T a x e s ..............
4,143,0 L7
3,033,188
11,001,471
699,413
.1,061,732
Total..........
Net earnings..
P.o.ex. to earn.
19,938,821
11,038,42 J
64-37
33,488,761
4,014,144
4,104,969
11,596,954
657,336
1,075,569
21,418,971
12,039,790
84*05
28,108,374
31,986,187
3,278,722
2,414,170
11,165,137 > 19,367,828
645.588
1,010,302
1,007,8 Li
18,511,728
9,598,616
65-86
20,9 J7,930
11,073,252
65-37
* Including construction materia!.
IHCOME ACCOUNT.
1894-95.
1896-97.
1895-96.
R e c e ip ts —
a
>
$
$
9,596,616
12,039,790
Net earnings.. 11,038,422
671,633
652,274
964,310
Investm’ ts, Ac.
11,078,252
431,673
Total..........
1893-91.
I
B
12,002,732
12,711,128
10,248,920
11,509,925
7,115,701
3,518,650
7,122.356
3,517,057
7,071,135
3,125,546
6,875,232
3,906,594
5 p. e.
5 p. c,
4 p. c.
6 p. c.
7 p. c.
196,413
7 p. o.
220,990
7 p. e.
325,830
7 p. c.
327,150
D is b u r s e m e n ts
Inter, on dent!..
Dividends........
Rate of divid’nd
on common...
Kate of divid’nd
on preferred.
Sinking fund...
Total disb’ts. 10,330,764
10,880,403
Balance............ ar.1,171,968 sr.1,851,025
10,522,511
df. 273,591
11,108,976
sr.400,949
THE CHRONICLE.
A ugust 14, 1897,]
Asset#—
SEXEBU, B X A S SH E MiY 31.
A , SC
ET
1897.
1896.
1S95.
1894.
.
$
$
$
$
Road and eu'ilpm't.171,955,855 170.233,859 180,795,191 189,209,711
B’ds and st’ ks and
I’ d gr. in v e s t....... 38,911,215 36,737,805 37,619,716 33,636,746
Bills and accounts
1,777.143
1,111,619 1,700.008
receivable...... ... 1,739.317
2,164,195
1,886,133
1,777,214
Material*, fuel, A c., 2,165,971
2,716,312
2,311,461
Cash on baud ........ 2,223,468
2,309,6.7
Trustees of sinking
7,590,930 7,201.571
6,817,106
fu n d
7,994,050
Total.................. 222,921,909 221,333,547 231,216,056 231,510,132
Liabilities.
275
with the power break, a sufficient nurnier to meat the require
ments of the service.
The Improvement and Ware River funds have received
$51,730, dividends and interest from the securities hdd by the
trustees, an 1 they now stand charged with $3 378,000.
The op •rations, earnings, oaarg-s, etc., for four years were
as below given:
OPRRA7IOSS AND FISCAL RESULTS.
1896-97.
1895-96.
1894-95
1893-91.
Passengers eirrled. 11.233,337 12,783,327 12,151,670 12.152,100
Passenger mileage .211,657,453 231,29.3.423 212,832,031 215,414,317
Freight Itmi-I car’d. 1,130.955
4,122,112 3,994,310
3,900,772
Freight (two 1 mile.449,059,917 433,975,620 427,095,496 128,596,758
Eimingg —
$
$
$
sg
Passengers.............. 3.814,025
4. M0,816 3,909,358
3,902.721
F reU li*.............
4,124.320
4.134,198 4,138,405 4 043 900
Man, express, «to... l , t 76,23 >
1,115,618 1.135,105
1,240.852
Stock, common....... 41,113,866 11.102.888 11,387,808 41.387.8S6
Slock, preferred ... 22,367,155 22,353,155 22,338,155 22,338,155
Stocks of pronriet'ry
roads. A o . . . ................................
...
519,510
519,510
Bonded debt............131,367,500 131,528,500131,661,500 130,113,500
Bonds on band from
Total eam iogs,pur.of M.L. AW. R'y 8,407,000 8,417,000
8.508,000 8,550,000
Operatini; Expenses
Dividend declared,
Mai at. o f wuv. < so .
S
not due
.. . .
1,368,331
1,367,739
976,019
1,532,135 Mai lit. of -quHwi't,.
Sink's f d* paid and
Tran-p. ttiwniei...
secretions thereto. 7,994.050 7,590.938
7,201,571 6,817.100 General and tax.es,.
Securities for capit'l
stock Issued....................................................
2,331,287
2 331,267
Tot. (inel. tares)
Securities re t i r e d
from Income..........
.............................. .
1,136,000
890,000 Net earnings ..........
Current bill*, pay
rolls. A c........ .
1,871,982
1,972,118
1,387.912 1.802,232
17 a e o i l e uted cou
pons, A c................
132,709
147,895
1*5,6 1
175,748 Net e a r n lo s i..........
Due to road* in Iowa
.. . ..
............
...........
1,110,077
Disbursements ■
CooeoIMaf'o Coal Co
15,101
11,77:9
178,41 J
H 4,569 Rent*!* paid ...........
Accrued and accru
Tnterisltuo debt ....
ing Inter, *t.......... 1,830,025
1.818,015
1,319 131 1.346,336 Dividends ( i p c.i .
.
....
253,403
107.5r*
MisoelUneotw ......
Lib 1 income aO’et .
2,073,271 1,805,663
3.342,181 3,121.34*
Total d isburst’s.
Ballr-d ibOSine acc’ t
4,038,50 1 *4851,533
7,492.821 7,766,111
Balance, surplie .. .
Total..................222,921.909 221,333, .17 231,216,056 231,510.132
FREMONT ELKHOBN A MISSOURI VALLK5',
Tin* earnings and ine rn-j ncsonntg of tste r -vi h tv<* been
compiled for four year* for the CaaoxtCLB as oelow:
iUKMHs m u BXFKMSKS.
1895-96.
1,101
*
*04,707
2,094,919
361,783
1894 95.
1,301
«
510,144
1.810,4-5
34U.213
.3.<m,9S2
.2,2(9,143
*
2.050,769
2,666.042
1,973.8 >
9
Set earulBgi... . 793,939
Den art—
Interest............. . . 1,007,101
.
ReutaiB, C, A P. Hit, 14540
893,070
1,0042)50
13.513
093.034
1998-97.
Miles operated . ... .. 1,301
Mornings /earn*
Ptm-mmgei*.------- , 484.004
Freight ............... .2.253,415
. 3 J1.943
1,011,5)1
1,0,19,347
1,025,023
.1,020.941
1,022,469
Balance . .... ...dof. 227,102 daf. 129,7*9 dot 332,195 «ur. 05,511
- V . fc5, p. 235.
Boston & Alhiny E li. Company.
/Report f o r the year ending June SO, 1897.J
The report says in substance :
General Rem 'U —Eire trie R tilway Competition, —Tne gross
receipts of tne year decreased $2U§*IW7, about
percent, the
pru.cipsl loss bring in passenger earning*.
This loss
was partly due to depression in business and partly to the
competition of electric railway* [ fhs nuab»r o! pisiengers
carried one mile, it will ba noticed, d- crease 1 for the year
*t5.iiU,97,'), or abou 7 p.-r cent.—Eb | The freight earnings
were substantially the aime as in ltjflfS, altli .ugh the tonnage
was sotnewnat Urger, Exp -0.403 decreased 8A53.79X
All the expenditures of the year have been mot by current
receipts. There has been no charge to construction and there
is no floating debt.
Removal o f Grade Grottinge.— As far back as 1983 i: b=cam** the settled p>iicy of tbs company to remove the grade
crossings on the main line as soon a* was practicable, and uo
to 1880 33 grade crossings were abolished at a coitof $149,919,
On the passage of t >e gradc-ert-stog law in 1890 better prog
ress was made, and up to the present time 05 grade crotsings
have been remove 1 under this A eta ta cost of -$3,083,345.
making a totU cost of $3,533,301 for98 ero.-wiogs, There now
remain do (to mala W#e in d i u s C t a d U 47 level crossings.
At ili * present rate of progress m wt of them will probib y 00
abolished in four years.
In the State of New York last winter a grade-crossing Act
was passed somewhat similar to the MMsacnuietts law, which
will enable the oaoipiuy to abolish without much delay the
grade crossings, 82 in number, now remaining on the maiu
line between the State Line and Albany.
The W'.rk of depressing the road at Newton was begun .July
lit, 1996, and on July 11, 1897, two track* in the new road-bed
were completed and in opera’ ion, and it is expected tint the
.
four tracks will be in use by November. As far a* audited!
the amount pud by the city of Newton is $*293,993, miking
the total co*t of this Improvement. $1,695,511, The charge for
aholitioa of gride crossings at ail palate for the year is $1.278,387, but tbs Commonwealth has p*M fo r the cities and
towns interest sd $387,085, making a net Charge tor (he year
of $1,041,201.
Other Improvement*. —Fonrt sen thousand on-i hundred and
fifty tons of eiandard rail have been purch is.'d and charged
into the operating expense* of the year, although all of theta
were not 1tid on Juno 30, 1897, The miin line from Boston to
Albany will t>e laid with rail of the heavy section by Sept, 1.
The fr ight cars of the company are now equipped with t he
vertical plane coupler and 6) per cent of them are furnished
9,114,825
9,3)0,631
9.130,836
9,190,276
621.117
3.367. It 2
*<*7,23r
?
1,751,5*3 1.315,853
9 4L.JU
832.35 t
3,3 H,8 » t 3, '**5,2 5
9
S8^,»7 X
816,131
1,551,875
617,90.0
4,346.284
174.320
6,9*8,075 8,911.965
2.436,850 2,435,767
IK O E A C U T
C M CO N.
1896-97.
1995-96.
o.sio.aii
2,551,505
1994-95,
1893-94.
2,451,5 ,0
2,43 1,767
2,551.505
2,139,988
78,000
337,**83
2.HJI.0 J
U
78*009
3 17.180
2,0 ’0.00)
78,010
453.15 »
*2,000,000
381,110
2,000,003
2,41*,980
40,570
2,415,990
*22.797
3,531,150
20,355
2,45),410
10,578
$
$
#
IIAt.AXC* SHSHT .ICSK 3 ),
1397.
18911.
1895,
Assets$
3
*
(toad tx in*lSpai*!U., 27,511.113 2 7 .5U .H 8 2 L 5 U .U 7
475,434
475 4-15
47,4.44*
H ad to a lit v. 1 rId g >*
1
*
Other perm Inv’. r .
Maloti *D jc . ipplim
Dae from e*>t£i!»,uj*ea
and twiteiiiuaia...
Nores r-cei vaide... .
BMi estate..............
Special eq*iipaj»a4 .
luipruveineat fa ,4.
1,911,276
122.375
881.23 3
T ta * .**-, *.
Liabilities—
8 look o,mi/u,a
...
5 ,i,.> 1 9 .0 4 3
751.216
1.317.71 4
627, 00
2,323,274
816,787
Ca-Ii . ..................
S
73,000
1891,
*
27,511,118
175.485
1,931,278
1,981,27 1
111,310
544,009
1.937.27.1
340.340
751,995
6,720,289
2,163,983
1,123,298
62 7.000
2. 261,370
3 6 , 2 8 ‘,7 43
8 31,00 >
3 > ,9 3 8 , 3 >U
752.*86
•292,040
1,078,039
627.0 .0
2,040.992
2,738,207
3 7 ,0 9 0 ,7 * 0
O
25.0 >0.0 >0 25 034,0 0 25,00 ),0 J •25.040.000
Fiir,11.1 debs ____,,. 7,485,004
7,19 i, >44 7,111.004 9,475,004
•190,500
Note* p»jrj*)>:. .......
1 17.500
lutore* and rants
<1i- *»d *<<nt 1 .
UnoSalm'il divlil'nd*
i«i.l interest — ...
Ledger balances ...
Improve man* fond.
Sinking ruud A mi.
R en ew al g ra d e
»ra»*tng*. .............
Profit and loss. .....
125,045
89,905
85.095
120,405
501,767
781,895
1,021,!Ut
156,085
5 44,073
034,649
1,970.165
148.015
501,129
488,787
1,921.O10
176,930
561,738
323,117
1,614,139
264,057
300,000
215.407
300,040
204,936
182,049
161,693
Total UiWiill,.*. 36,618,003 36,290,743 35,999,810 37,999,740
—V. 85, i>. 193.
New fo rk Ontario ,fc Western By.
/Statement f o r year ending June SO, 1897,J
The following statement of earnings and expenses for the
late iiscil year lias b;en compiled for the Chronicle :
Gross '•iral,
1896-7,
.........................f3.8H4.402
Operating cxpei)-. ;s and taxes. 2,780,495
1895-8.
*3.779,335
1891-5.
$3,683,113
2,098,553
2,842,412
Other luooine .
$1,113,907
82,900
$1,080,777
81,465
91,026,701
75,090
Interest and rentals
.$1,190,707
.
706,797
$1,102,241
7*6.673
$1,101,791
775,407
$328,334
$375,569
. $399,910
OENRKAt. BALANCE SHEET JUNK 30, 1837.
i Liabilities—
$
Anmiw—
$
0piti &t roAil ami ea*iip.63,S80,9 i5 Capital stock,oominon.58,113,982
5,000
S i 4 b’d# of ociiorco*. 3,250,100 1Capita,! stock, iir o f ----fefk
Bupp Je* ou tiauii.
219,20 J Pnu led debt..................13,375,000
25o,000
Acoruwl inlerAst........
20,315 boaua and bills* payable.
Int, On til. debt dae aads.
Due by iv-at-, neeouut
oftraffl412,675
Due by open acc;s., e:c.
961.4 IS Dec for Wiigaa and sub. 301,991
219,00 7
OasUonb*nd. . . . . . ...
ioa,52^ Duo nil ope u aoeouuts.,
54,205
hum • aad toills recaiv,. 1,030,107 Wharton Val. Ry. o n .
117,326
Ffcf,
redQu»i>. faad.
5.000 H 40 . * Fa. BR coll ...
101.703
Oam u ride r lease___ __
101,707 Bal. u iider oar tr. agree.
Prolit A loss, surplus... 2,381,090
To ral........................75,901,359
Total........................ 75,901,359
-V . 64, r . 954,
>
Saa Francisco A North Pacillc Hallway Co.
/Report f o r the y ea r ending June SO, 1897,.)
Toe iac >au* account for the late iircal year was published in
the Chronicles of July 3 i, page 193. Tne pamphlet report
now at hand contains no balauoe sheet, but furnishes th i fol
lowing information.
“ Ail expenditures, including work of a betterment nature,#
have as usual been charged to operating expenses, in whicn
is moludrd $3,110 pud in settlement of suits incurred prior to
beginning of fiscal year. The physical condition of the prop
erty baa neon carefully maintained and about .$9,000 in addi
tion expended in new sidings, ^freight, baggage and tranafo ,
[Vol. LXV
THE CHRONICLE,
276
oars, steam steering gear for steamer Ukiah and additions to plus for the year $108,146, For depreciation, $87,264 was
charged, making the total surplus Jure 30, 1897, $352,087.
BALANCE SHEET JUNE 30, 1897.
“ During the year 10 tons of 56-pound Bteel rails and 115 tons
C r e d ito r .
D eb to r .
of iroD rails have been re-laid in main track, 85 tons of iron
Capital stook..................$1,700,000
rails and 3 tons of steel rails have been used for constructing Plant accounts............ $1,837,457 First mort*ag* s . . . . *293,000
656,913
Real estate.
siding-, 13,786 new cross ties laid in main line and 987 new Underground conduits
336,051 Consol, first ratge 5s
957,000
315,120 Notes aud accounts pay
ties laid in hidings. New sidirgs have been laid and old sid- Underground cables .. .
.......
204,013
able ___ .
ing8‘fxtended, making a total of 2,790 feet of new Bidlngs con Supplies, materials and
69.527 Balance to oredit of
tools..............................
structed.
. _ ,
A Cash................................
profit and l o s s ...........
352,038
131,253
“ The equipment of the road has had special attention and Accounts and notes re
159,780
ceivable........................
is in first class condition.
.
,
“ The continued general depression of business during the
Total.......... ................. $3,506,101
Total............................ $3,506,101
past year has affected the gross earnings, but the policy main
tain* d during past years of keeping up the physical condition
Second Avenue RR. (New York Ci y >
.
of the property has enabled the company this year to materi
( Earnings f o r the year ending June SO, 1897.)
ally reduce its* operating expenses.”—V. 65, p. 198,
Earnings fer the quarter and the fiscal year ending June
Western New York & Pennsylvania Railway.
30 have been reported as follows:
In terest,
B a la n c e
O th e r
N et
3 m o n th s en d . G ro ss
( Earnings f o r yea r ending June 80, 1897J
f o r d ie s .
ta x e s , etc.
e a r n i n g s . in c o m e .
J u n e 30.
e a r n in g s .
The earnings of this company for the late fiscal year have 1897.............. .$i74,t»85 $36,218 $1,586 $ 3, 00 Def. #4,304
34,436
625
25,541
59,352
. 223,447
been compiled, and compare as follows with previous years. 1896____
33,538
25,3 t l
625
58,254
*
252,168
The inter* st on ihe new general mortgage bonds from April 1 189 *___
12 m o n th sto Jure 30, 1896, three months only, is included in the charges 1896-97 ....... .$700,021
Def. $22,190
$4,007 $122,213
$96,016
93,204
124,575
of tint year ; interest on these bonds previous to April 1,1896, 1895-96........ . 893,189
215.279
2,500
93,120'
2,500
13 ',428
221,048
was provided for out of aesessmei ts on stock at the lime of 1 8 9 * 9 5 ........ . 954,963
GENERAL BALANCE SHEET JUNE 30, 18b7.
reorganization in March, 1895. For the fiscal year 1896-97
L i a b i l it i e s —
A ssets —
interest amounting to $225,000 on these bonds has been
Capital stock, com’n ...$1,862,OOO
Cost of road and equip
charged against income.
ment
....................$3,870,437 Funded debt................... 1,960,000
1895-96.
¥
8,186,028
2,233,910
1894-95.
$
3,282,010
2,292,836
911,826
55,651
952 118
74,613
989,174
29,600
. 867,477
. 873,442
1,026,731
705,893
1,0! 8,774
685.914
320,838
Surplus for ye ar------ -------------.
94,035
GENERAL BALANCE SHEET JUNE 30.
A s s e ts —
1897.
Rond and equipment........................... . . . . $51,423,993
686,261
Stoefcs and bonds owned.
1 55,'80
Materials and supplies........................ .
103,988
Due from ag en ts................................. .
411,336
Due frem individuals and cos............ .
22f>,890
Cash on hand.............................- .........
26,452
Ui accrued interest on equip, notes..
200,620
Union Terminal RR— ......................
5,969
Miscellaneous........................................
332,860
1896-97.
*
.2,954,772
.2,042,946
.
.
1896.
$51,424,067
686,261
180,167
95,5*6
496,842
85,Hi 8
36,506
200,620
6,910
Total asset8..............................................$53,240,289
L i a b i l it i e s —
Stock............................
$20,000,000
Bonds (see Supplement) . . . ...................... 29,99o,C00
133,985
Equipnier t notes (incl interest)...............
Interest on 1st mortgage bonds...............
337,127
Real»state mortgages....................
289,798
4* 9.184
Wages and supplies, etc..............................
Kfnssua Valley RK. warrants....................
57,000
Bills payable.......................... —............................. .........
Profit and loss...............................................
2,023,068
Miscellaneous........................................
$53,212,777
Total liabilities.............................. . . . . $53,240,289
- V . 64, p. 903.
O hio F a lls Car M an u factu rin g .
$53,212,777
$20,006,0C0
29,990.000
188,252
30 ,550
289,798
393, SOo
57,000
62,720
1,929,0*9
127 128
Loans
215,000
Supplies on hand............................. 24,324 and bills payable
41.8 9 Int on fun dr d debt due
Cash on hand................
and accrued..............
13,833
Open accounts..............
72,674
Due
New construction------------------------ 5,768 for wages and sup
plies..............................
8,373
Profit & loss, deficiency
49,566
Due on open accounts.
5,392
Total..........................$4,064,598
$4,064,598
Total..................
—Y. 64, p, 955.
Buffalo Railway.
( Earnings for tfie year ending June 80, 1897. J
Earnings for the quarter and the fiscal year ending June 30'
have been reported as follows, These figures do not include
the Crosttown Street Ry.:
3 m o s. e n d .
G ro s s
J u n e 30— e a r n i n g s .
1897........ . $315,178
1896........ .
345,355
1895........
340,398
12 m os.
N et
e a r n in g s .
O th e r
in c o m e .
$158,251
167,5 3
181,079
$5,317
6,171
6,049
In terest
ta x e s , etc.
$108,197
103,072
104,538
B a la n c e ,
s u r p lu s .
$55,971
70,602
82,540
1896-97....$1,326 972
$427,122
$23,910
$254,906.
$658,118
1895-96.... 1,370,522
690,480
24,464
297.796
4 1 7 /4 8
24,322
240,444,
1894-95.. . 1,274,763
61^,639
403,517
GENERAL BALANCE SHEET JUNE 30, 1897.
A s s e ts _
L ia b ilitie s —
Cost of road & equip$11,819,042
Capital stock,com ..... $5,370,500
Stocks aDd bonds of
Funded debt ........... 6,167,131
other companies____
368,554 Loans & bills payable..
50,000
Supt lies on hand...........
22,781 Int. on funded debt
Due by ageuts.....
4,935
99,792
due and accrued.......
31,599
Due by open accounts
298,5.53 Duef’rwag* sA supp’s.
Cash on hand.......
11,156
Due od open acco nts
120,164
Profit &I0888U1pi us...
685,835
Total....................... $12,525,021
- Y . 64, p. 951.
Total....................... $12,525,023-
( Balance sheet f o r year ending June 30 )
The balance sheets June 30, 1896 and 1897, as audited by
Barrow, W a d e , Guthrie & C o., are as follow s:
BALANCE SHEET JUNE 30.
A s s e t s —I
1897.
1896.
Real estate, bolld'gi, tools, mack’ry & fixtures.$l,2t*4,293 $1,294,299
Stock of in tertais on hand, as por inventory...
231,98 2
238.936
Bonds purchased (or redemption.............
50,000
21,000
Bills receivable (net valu e)......................
24,8,144
309,189
Accounts receivable.....................................
120,776
126,292
Bonds and securities of other companies.........
66,375
5i,0 i9
Cash on band and In banks........................
12,442
23,999
Insurance premiums paid in advanoe....
3,368
4,8:t0
Freight, paid in advance___
. — .................
2,737
837
Interest aocrucd and paid in advance.............
2,069
2,284
Total .................................................
L i a b i l it i e s —
..$2,032,192
Preferred capital stock...............................
800,000
Common capital » 00k .........
400,000
Flr.t mortgage bonds........................................
5(1
Bills payable...........................................................
102 ,624
Account? payable.
19.074
Unpaid labor...................... .
4,544
Accrued lntere.ton bonds..
7,500
Acorued Interest on loans..
2,139
Aoorued taxes........................
3,443
Freights due.................. . . . .
1.062
Reserve acoount..
87.798
Undivided profits...................................................
104,007
Total....................................................................$2,032,192
—V. 63, p. 188.
$2,072,775
800,000
400,0"0
)
52 ',00 1
,000
185,661
44,072
1,058
7,800
2,750
87.798
23,636
$2,072,775
Boston Electric Light Company.
f Report fo r year ending June SO, 1897. J
following
showing :
1896-97.
1895-96.
$660,973
420,641
1894-91,
$610,265
411,45c
Net........ .............. ............ $274,145
Charges..................
$240,332
50,319
$198.81f
31,84
$190,013
$166,96:
Income.....................
Expenses................
Balance.............................$210,903
Adding the premium, of *7,743 from bond sales and de
ducting the dividends amounting to $110,500 makes ilie sur
G E N E R A L
IN V E S T M E N T
N E W S .
Reorganizations, Etc. -L a te s t D ata as to Defaults, R eor
ganization Plans, Paym ent o f Overdue Coupons, E tc.—All
facts of this nature appearing since the publication ot the last
issues o f the I n v e s t o r s ’ and the S t r e e t R a i l w a y S u p p l e
m en ts m ay be readily found by m eans o f the follow in g in d e x .
This m dex does not include m atter in fco-dav’s C h r o n ic l e .
See index in C h r o n ic l e of June 19, page 1179, for additional
sm all companies.
Note.— U nder street railw ays, the full faced figures refer to
V o lu m e 65; plain type to V olu m e 64.
R ailroads and Miscel . Co .’s.
V o lu m e 65.
P a g e.
American Publishers’ Corpo.reevr. 283
Do
do
com m ittees. 233
Balt. & Ohio...L o a n o f l 88 .d e l 194. 234
Do Pitts. & Con. consol*., cow. 234
Colum. H. V. & Tol............ deposits. 151
Colorado Midland........... sat*.194, 235
Edison Ilium, of St. Louis...... sale. 194
Madison Square Garden....... reorg. 195
Ogdens.& Lake Champ....... coupon. 152
Ohio Southern...............foreclosure. 152
Penn. Midland........................ Com. 152
Peoria Dec. & Ev. E van s.D lv J o n cl. 195
Rich. N. I. & B — ....... upset pi ice. 236
Summit Branch RR.......... s< le. 112, 152
Terre H. & Logans..sale. 152; coups. 236
Traverse City.....................coupon. 236
Union Pacific ...
coupons . 196
Do ....... ... .................. fo r eel. 196
Do coil. tr. Q s.v a r t p a y 't o f vri/n. 236
Street Railways.
V o lu m e s 14 a n d 65—
P a ge.
Ashury Park & Belmar................... sale.1223
Baltimore Traction......... ) rn/nsn1 n or
t
City & Suburban............. $ consol. 1180
Belle City (Racine.Wi8.).reory.68,1-11
Do
do
....... sold. 150Brooklyn Elevated---deposits. 1137
Capital Ry., Frankfort, Ky sold.1180
Knelewood & Chicago Elec. sale. 1 94
4thSt.& arsenal St.L.h.sold.69, 1 11
Kings County Elevated
. .reorg. 1002
No. Wes t’n El.( Chic.). Const Co.int. 1112
Omaha&Coun. B. Ry.&Br-.status. 2 3 6
People’s Ry. (St. Louis), sale. 1041; 6 9
Pittsburg St. Rys consolidation. 1181
Saginaw Consol. St...............refvr.1043
Union St. Ry. (Saginaw)......recw.1043
B a l 1im ore & O hio R R . — E a r n i n g s o f P i t t s b u r g & C o n n e l l s v i l l e D i v i s i o n .— Reference was made last week to a statem ent
sent to holders o f Pittsburg & Connellsville codsoIs by J. S.
Morgan & C o ., show ing the earnings of the Pittsburg & Connell&ville division for the fifteen months ending May 31, 1897.
This statem ent is now at band. It covers, besides the P . & C.
proper, the Somerset & Cambria R R ., Berlin RR. and Ohio &
B a’tim ore Short Line. In substance it is as follow s:
STATEMENT 15 MONTHS TO MAY 31, 1897 (MAY, 1897, APPROXIMATED).
Gross earnings..................................................................................$3,702,«58
Operating expenses...................................................................... 3.026.753
Net earnings..............
$676,105
A
cersr 1 is * ..
4 v7
THE CHRONICLE.
277
E in in -ttsb a rg U R .— Jo B e Sold S p t. 11. — This shore road
expending from Emmettsburg to R ock y Rid-gs in M iryland,
to -i. & O. ter » iQ mortgage....................................... . ...........
> -it
70.001 a distance of 7 310 miles, will be sold under decree of court
Inr.on $2.5:1-,000 Istm extended 4 s fo r6 mas. to Jan , 1897
50,760 Sept. 11, 1897.
Do £1,373,00 consol. 6a for one y e n to Jan., 1897- ..
39 4.89 4
FHchliarg Railroad.— Quart rly. —E .rningsfor the quarter
500.000
Di. §!• ,00 />00 bond* of 1885, for one year to Feb., 1397
and the twelve months ending June 80 have been:
Batancs, deficit.................... ....................... ....................... . 8384,681 3 mos. e n d i n g
Gross
Net
Interest,
B a la n c e ,
J u n e 30—
earning*.
earning*.
tares, etc.
sur. or det.
The following charges not having beea paid prior to Miy
1397...................... 31,773,463
$396,138
$396,344
def.
$656
31 ate not inoluied tbive:
1.393...................... 1,815,787
456,242
382,157
sur. 74,085
Oh i r g e s p a i d -
..............................................
............... ....................—
Keatals for . tie year o f Pittsburg property that is subject
$41,133
Interest doe July 1.1393, on 81,030,000 1st mortgage 7s
|This Interest, and at-oattlater 3% per cam coupons of
this loan were oarehtutil by Vermllye S Co., ami are a
e
oh itge against the r tad.— n d ................................ . . . .
E
8140,000
Interest on Ist mortgage due Jan. 1,1397 [the balance due
I) It, a date the property being charged w th Interest st
the full 7 percent rate on all tiis §4 000, >00 bonds, the
loan not malaria* till July 1,1398, although. as seated, a
portion of the loan baa already been extended— E d ]
89,240
First-nortg >ge. Interest accrued, not <4ne...............— .. ...
116.667
Consol, mortgage do
do
do
........................—
1«6.206
Bonds of 1835
do
dn
do
................ .......... 166,661
Rental of Pittsburg property, due June 1, 1817........ .........
35,010
12 m o n th s —
7.t55,767
1*93-7........
1895 6 ................. 7,603,764
- V . 64, f> 952.
.
2,175,938
2,144 443
1.542.639
1,511,721
aur. 633,299
sur. 632,727
low i Central Ry.—Agreement as to P roxies.—A c 'mpronii-e having been eu -cerd bet ween the opp sing factions in the
management
A. M. Kidder & Co , S rong. S urgis &
C i., Ciarke, D >dge & Co., Taintor & H ilt and R. J. Kimball
& Go., who in June last advis *d the stockholders not to send
their proxies 'or the annual meeting Sept, 3 to Russell Sage,
E. C. SI. R»nd and Eiward H Prrkin3, Jr., have sent out
Totil charges not p iid .......................................... ...... $713,779 another circular requesting signatures to proxies beari ig the
Total cntlr deficit........ .......... . ......... .. ................ ..........$1,093,461 names of Russell Sage, E. EL Perkins. Jr., Edward E. Cnase,
Deficit, If property were charged with only 4 per cent inWilliam E. Strong and H irace J. Morse. Mr. 51 was is a
S!«ad of the fail 7 per cent as abrve stated, on the
8l.ii0.000 first mortgage bonds ............ .— ......................... - $973,481 member of the firm of A. M. K ddar & Co. and Mr. Strong of
Strong, Sturgis & C-o. It is understood that Mr. Sage will re
- V . 65, p. 233.
Canadian Pacific By — Dividend —T to company h»a de tire fr >m active management, but will continue a director
clared a 3“mi-annusl dividend of l ‘ ,> p»r cent on the common of the company.—V. 84, p. 1181.
stock, payable Oct. 1. The two semi-annual dividends jusr
Kansas City (Mo.) Has Co. —Bonds Sold. —The United Gas
preceding were only 1 per cent each, t^e present dividend Improvement Co. of Philadelphia has sold to J. & W. Seligbeing, therefore, an increase of
per cent, —V. 04, p. 1180.
rnan & Co. $3.7.3 *.000of first mortgage 5 per cent tweo'v-five
Clere! Mid Omtnn & Hontbern RR.— Cro**b;ll A'tacking year gold bonds. Thomas Dolan, President of the United
FVi/idtfv o f Cleveland < Canton 11 mds o f 1S87— In t ie G is Improvement Company of Philadelphia, which owns the
tUnited States Cr-nrt at C dumbos O., the Knickerbocker Tru*' majority of the stock of the Kansas C ry, Miss ruri. G « Co.,
Com »Dy, as trustee f jr the consolidated mortgage o f 1892. has givis the following information concerning the prop -r'y :
filed a cr<>»s-btU in the foreclosure suit under toe fi-M m >r-This enmpany L aeonsnlldatlon nf the Kansas CltvQasOo and the
«
gage of 1887, attacking the validity of the $3,000,000 first Missouri (« i t
r:i" eunitai
:1
5.' o '.non. a mnjorl'y nf whloh
mortgage bonds. It & alleged that when the bonds were I* ovrijed by the United l i e Improvement Co. at Philadelphia. The
issu 'd in 1347 tip- authoriz'd stock of the railroad company total aiithortx.il Issue of first mortgage 5 (ier cent gold Ponds Is
hotel* bear
1397,
on
1,
was only $200,000. Consequently as the law of Oht >forbid* S'.OOO.CSW. The linnet theredice April 1.Issued »nd are due and Aprilre1922. Of thl- st
have been
$3,750,009,
the
th- Issue of bond* to a greater extent than th cioital «-ock, m ilnlBg *l,25<i,O0» ran only be tunned at par to th" extent of 9o per
cent of the etnal cost of future extensions or betterments or real
it is claimed the $3,000,000 issue is invalid.— V. i!4, p. 510.
estate acquired.
Chicago 6a»— People’s fias Light S Colte. —N m Company
t
The rate charged 'or gas Is one dollar per thousand outdo f et. This
in Pouesxion.—The Consolidation Committee on Thu ■-day price Is regulated by ordinance, and continues during the term of the
and is to the nature of a contract, itw ooropa
transferred the bus ness of the Chicago Oa« companies to the franchise, per Cent of Its gross receipts. On June 1. 13 *7. iy prying to
the city 2
the number
directors of the People's Gas T ight & t ’oke 0 '. of Chicago. of active meters In servin' was 19,105, of cooking and It attng appllanc“« 84.491 and of street lamp* >,647. On lie basis of consumption
The committee then ceased to exist,—V. $5, p. 385.
for the tint' seven month" of ibis year, the nnt namings, after all doI'lncinna'i Inclined Plane Ry,—Bondhohler* meeting ductions other than Interest on the bonds, forthe year ending April 20,
A u g . IS.—There will be a meeting of the owners of the first 18"8. being preotlenity the first year of the now eompany. should not
mortgage bonds at the banking h use of 8, Kuhn & Sods, io b« Jet* th m *400.900. The amount noeessary to meet the Interest on
Cincinnati, on Wednesday, Aug. 1$, 1807, at 2:8) P. M. It is outstanding bonds Is 81 -7..700.
The cost of reproducing the plant of the company na a going concern.
said to be important that all bond* be represented.
Irrespective " f franchise, would to day bo not loss than *4,509,000.
Coup m Paym ent.— fudge 'Mage, in the If 8 Court, Aug. 5, The franchise* run for thirty years from 1305, and have, therefore,
27% year"
Although
made an order in the case of the Louisville Trust Co. agaiu-t •hunt to iMinhs-estill to run. at any time the city reserve* to Itself the
right
the work*
after twelve years from the
the rosd directing Receiver Brent Arnold to pay over t >the date of the franchises, the bond* are a continuing obligation of the
Louisv He Trust Co. $11,350, to be applied in making one eou Kansas City. Missouri, On* Company until maturity.
poo payment on the mortgage held on the road by the payee.
King* County Elevated Uy — Reorganization and P roReceiver Arnold haul on hand in cash $! 8,438. Coupons for pomd New .Beeeirer. — A eomtnittee consisting of August Bel
July. ls»(5, and for January and July. IS67, went 1 1 default. mont, Chairman. Walter G. Oakman and William A R ‘ad
The $1 741 which R-civer Arnold got as purchase tn-irev fora h is sent out <-ircularH asking the oo operation of the first
part of the Court Htr et track sold to the Consolidated he was mortgage Ih.ndbobl-rti in bringing aoiut forecLisu"o and raordr red to pay to Trustee W n. A, Goodman. —V. 64. p. 799.
O'gar ixiiion a*d for the appoiDtni'nt as receiver of Jam -s EL
Columbus Hooking Valley A Toledo Ry —Depoiit* Sub FrothinghHm, Treasurer of the c unpaoy, in place of President
fe e t to Penalty—Maturity o f General Mortgage K* D poxite.d Jourdan. i he circular says in substance:
with J. P, Morgan dr C o.—The period lor deposit o' bonds
i re-eeiapllshe I slaoe
tppolntment
wiihout penal v under the agreement with J, P. Morgan & InMuch hs* bee nf the rehabilitation the the property. ofTth" reoelver
the din e Inn
of
h etix esfor
Co. expires to-day. A* announced July 24 further deposits tw oy oars have been paid. n »v c mneetloo* hive be n totd«. from
wilt be subject to such penalties as shall be affixed. It is which a mater),I towo c of bnslnesa I* a ready being resitted, aud
M-gotiai loo are now pending lookl >g
anlngof
officially announced that the firm now repre-eDts, besides car* aero** -the Hr loklyn Bridge and ato tho Mof motivethe omnpanv's
change
power on tha
other bonds, more than a majority of the general mortgage entire system. Until th so neertUtlons are couolnded a d o'her
0?. There is every reason to believe thst practically the entire pending arrangement * are perfected, it b>« been d e a n ‘4 nowise to
loan will soon be in their control. Of the $8,900,000 issue of forinuUie any plau of re»rganlsatl'>». Much p'ellmlnary w irk, how
ever, in the direction or the forninUtlou of such a plan h m been done
consol, fives thAeograved certificate of the firm for $7,357,000 and the plan will be published a* soon as th" eomtnittee appointed to
are listed on the Xew York Stock Exchange.—V. 87, p. 23.7,
protect lli» Interest* o f the holders of the first mortgage deem It wise
to do so,
Columbus k Hocking Coal a Iron.—Change o f Receiver Di
No "ticep*-fnl roorgau!/, 1(ion I* possible except In connection with
nieti —
Judge B dger in the Franklin Con trC w rt. at Coin n the *nle of the mortgaged property under the ftr*t mortgage audit Is
bu-, o do, o t August IO, d-»ni*d the motion of the Central necessary for the proteciI e not only of th" holders of the bonds «tv
thereby,
the bolder-' of th" other
Treat Co. trustee undtr the mortgage to discharge the re curedenmpaui, but also action to foreclose tbl* securities of tho rail
way
that an
mortgage sh mid be
ceivership for the purpose of permitting the appointment of be. nn ns soon :is ;-o**iblc
Owlug to U:e pr< - tiroof other business eng cr -licnrs General Jonra receiver in 'he Federal Court, where foreclosure proceed
biniselt
r-roiyer. Ho
ings «r* pee ding. An appeal will be taken from Judge rt»n find, his sure nnnbie to eontlnne t-. net ns the T easitrer recom
mends a*
-or Jiiraei H, Frothingham.
of the
Badger's decision.—V. 04, p. 1041.
company. We cnusMer It very ,p *|raWe ih it Mr. Froni'tightm should
be spi ointed ut ft-. it iv a date ns possible We, ther»Tore. rhflpceifoily
-R o u te
nab von to *tgo utid retqM to n> at y.otr early eouveuleoce the Infr o m New irk to (Janey 14 inti D irect.—
elosrd power of attort ey — US, p. I Di.
V.
Tran ton O om peay has arruajpd to mad passengers from
Lfiipolp Strpe: R«H «ny. M<-.-ting Any ?o to Art on Reor
ganisation.—The i.pjtlers' tif eertlfleaies of deposit represtn fjp g ttr-t rnortK»ff'’ b tide dopo-it *4 ti dor th > ngre in -n t
tb we th" L»ug I ( m 1 E I!road will tfT»r| trintnom i n to •*f Jun. 85. 1895, will iriee' lit- 8 p. if Thursity, i ll.' 28, at
i
toe office r.f t 'p N-'W York S curity & Trust G • 44 Wall
,
and
iirr-1, New Y >rk, to take nction on >pf to for r.<Or£ra"izriion,
!>• rt -d it th- -»u! rsf,— V, fit, p. 810.
•
oppr-ved sinr] su’ mi ted te th" CommiUe" of which Jlosca
DfiLtware Lackit v a itu i n I fe t lu r a R R •
—f>t a r t e r t i / . —
L. Moulder t* f ’-hhirruat-.
E i rn ittgr# o f h ■ d r, f t V f . l e i " -1 lines io N.- w Y f t k S - it#
Reorganization P la n —The plan of r- or p»nlz4$iou provide*
f o r tlio qu - rt >r and the s
?80 b a ts b ’ -Q:
iix i M t t ' a ending Juot
for ibc'js-U '. r.f $109,000 first iuortfra-9' 30-year 5 per cent
ilooKoHd vted T f actios Fftm puiy of Now ,T srsey.
The G tissolid tied
Newark fo M tnba'tin Beach and ruck for (if v c u r-, 'h-*
single trip to take an hour and a half. Th • tr-db*/ cars will
coanect at Pissue with a steamer for R ty Rrdgn, and from
M 4 Itr't «n Bsicn
C m»r I-land. Tnree trip i d rily w ill
0m m
® f* m . frmUmm
%mr
.«1^76.^38
. . . ..... .. . t .M l. m 3
i m*>m& —*
"< ■
14,17 ...............
1813..................
- V . 81, p. 952,
X *l
ettw tt
f i t 0*01
h V rrm t,
Inx*', %
$ * * * ,* &
m Unm *
s u r . o r .{- f
MUf<
f i , '^0
05 2,163
620,7 49
ftljf. 8JJ,4i6
J,547,491
l.;.7>U >7
1,24:,497
fl-'f. 174.312
sur. 3:»B,?97
,
ovr-ris, $790,.... . p re 'o rm l stock 5 per cetit,'cum ulative, and
I80.3.0' (l common ‘ t - k.
The old ft - 1 niortf.'tci- bonds nr< to receive prv-ferr- < stock
1
for their face v.'duc anti have the privileg of BubaCfi ing at
par for the new bonds with a bonus of SO per cent iu new
prt ferred. Old consols get 25 p»r cent in new comm in st 'ck
and the old preferred gets the same on paving 87 a share.
The old common gets 10 per cent in new common on paying
|10 a sharp.
,. ,
. .. .
The plan will provide about 8113,000 in cash, which will be
used for improvements and reorganization expanses.—V. 83,
p. 364.
LonUville & Nashville Terminal Co.—Louisville & Nash
ville KK.— Nashville I'liattanooga & St. Coals RR. —
New
Terminals and Mortgage A uthorized.—An extensive tar ninal
property has been a q nired in the city of Nashville by the
Lmiaviile & Nashville Cerminal Co., organized for the pur
pose. The company has leased thn property to the Louisville
6 Nashville and the Na-hville Chattanooga & St. Louis for
99 years. The Terminal Co will issue 82.000 000 of its 50-vear
4 tier cent bonds, the proceeds from the sale of which will ha
us d for the pavruent and improvement of the property.—V.
65, p. 110; V. 64, p. 330.
Mull-mu Squire Garden.— Notice to Bondholders.—Hold
ers of second mrtgage bonds are r qu -ted by a c immittee
consisting of Isidor Wormser, Charles T Harbeck a ci John
.
S. Tilney t ' deposit their bo ids with I & S. Wormser, Mills
Bnildioe, New York, with a view to the protectio i of their
interns s in the proposed re irgnizitioo. A pavmj nt of oae
per cert at time of deposit is required for necessary expenses.
—V. 65, p. 195.
Manhattan (Elevated) Ky., N. Y. City.— Q uarterly— Earn
ings for the quarter and the twelve months ending Jane 30
have been reported as follows :
3 /nos. e n d i n g G ro s s
N et
O th e r
In terest,
Jw»«30—
e a rn in g s,
e a r n in g s ,
in c o m e ,
ta x e s , etc
1 8 9 7 .................. $2,332,748 $976,224 $41,583 $630,“ 50
1896 ....................2,321,813
935,898
42,500
616,799
12 m o n th s —
7 r90-7.............. 9,103,740 3,861,389 180,276 2.707,016
1895-6................ 9,256,931 3,725,973 232,520 2,840,397
B a la n e e ,
f o r d ie s .
$389,957
361,599
1,331,619
1,L18,09S
Dividends for the 12 months of 1896-7 (5 d . c.) cad for
$1,500,000, against (5% p, c.) $1,650,000 in 1895-6.—V, 64,
p. 953.
Metropolitan Street, Ry. — W ork Begun on Underground
Electric Rond for Fourth Avenue.—In the Bowery work
was begun Wednesday for tne underground electric road to
Harlem by way of fourth Ave. President Vreelaud hopes to
have th° uew service in op 'radon by January. 1898. Part of
the lice may be ready before October Meantim *south bound
passengers are transferred to the Broadway cable at Ast >
r
place.—V. 65, p. 112.
Metmpo'itau Traction Company of Chicago.— Mortgage
f o r $2.000,000— This Chicago comoany has tiled a mortgage
t s secure $2,000,000 of 5 per cert thirty-year gold bonds, the
Equitable Trust Company being trustee and the State Trust
Company co-trustee. The money secured will be us=d in
building and equipping various trolley roads.— V. 65.p. 27.
hew York Chicago & St-Louis H R —Quarterly.— Earnings
for the quarter and the Bix months ending June 30 have been
reported as follows :
3 m o n th s e n d i n g
G ross
N et
O th e r
J u n e 30.
e a rn in g s,
e a r n in g s , in co m e,
1 8 9 7 ..................... $1,244,253 $246,139 $1,997
1 8 9 6 ... . .......... 1,311,022
243,900
984
6 m o n th s —
1 8 9 7 ..................... 2,555,237
459,215
3,303
1 8 9 6 ..................... 2,765,513
442,779
6,674
- V . 64, p. 888.
In terest,
ta x e s , etc.
B a la n c e ,
d e fic it.
$3"5,730 $57,694
300,400
55,516
611,638 149,120
591,071 141,618
New York Ontario * Western Ry.— Quarterly.—Earnings
for the quarter ending June 30 have been reported as follows.
Figures lor the fiscal year will be found ou a previous page.
3 m o n th s e n d i n g G ro s s
J u n e 30.
e a rn in g s,
189? .................. $948,968
1896..................... 968,227
—V. 64, p. 954.
[V L L V
O. X ,
THE CHRONICLE.
278
N et
e a rn in g s,
O th er
i n e im e .
$266,909
306,621
$20,722
21,375
I n te r e s t,
ta x e s , the.
B a la n c e ,
s u r p lu s .
$232,209
228,713
$55,422
99,283
Northern Pacific RR.—Appointm ent o f New President
and Vice-President.—The directors at their meeting on Thurs
day accepted the resignation of President Edwin W. Winter,
which was tendered several months ago, and appointed Chas.
8. Mellen to be his successor. The office of Vice-President,
heretofore vacant, was tilled by the election of Daniel S. La
ment. Both of the new officers will enter on the discharge
of their duties Sept. 1.
Mr. Mellen is considered one of the best equipped and most
experienced railroad men in the United States. He was born
at Lowell, Mass., forty-six years ago, and was eighteen years
old when he entered the railroad service as clerk in the
cashiei’s office of the Noithern New Hampshire RR, Passing
from one road to another and being s'eadtly promoted he be
came in 1881 Auditor of the Boston & Lowell, and afterward
Superintendent and General Superintended, In 1888 he was
General Purchasing Agent for the Union Pacific system, and
afterward its Assistant General Manager and General Traffic
Manager. In 1892 he went to the New York & New England
Railroad as General Manager, and the same year was chosen
to his last position, Second Vice-President of the New York
New Haven & Hanford RR Co.
Col. Lamont was Secretary of War under President Cleveand and is a man of recognized ability.
• Mr. Coster, of the firm of J. P. Morgan & Co., in speaking
of the new officers, snid that while the friendly relations
which exist with the Great Northern will be continued and
strengthened in every way, the Northern Pacific will in the
future, as in the past, be run as an absolutely independent
property. While the Great Northern and Northern Pacific
have some stockholders in common, all parties in interest in
either company recognize that each property mast be allowed
to stand on its own merits, and none of them wishes to see
any other policy followed.—V. 65, p. 27.
Oswego Street Ry.^-Lake Ontario & Riverside Ry —R e
organization Plan — A committee consisting of Robert
Maclay, C. Sidney Shepard and Max B. Rtchardson have pre
pared a plan of reorganization which provides for foreclosure
sale of the property and the issuance by a new company of
the following securities: Capital stock, $300,0(10, of which
$100,000 4 per cant non-cumulative preferred stock; first
mortgage thirty-year 5 per cent gold bonds, $100,000; and
second mortgage thirty-year 3 per cent gold bond-, $200,000.
Holders of the $125,000 old Oswego Sireet Rv. bonds will re
ceive 100 per cent in the new second mortgage bonds, 50 per
cent in the new preferred stock, and 25 par c mt in rhe new
common. The new Brst m ertgage h >nds will be available for
improvements, floating deot, etc,—V. 63, p. 652.
Reading Company.— E x t e n s i o n C o n t r a c t . — One stamped 4s
of 1882 were extended tinder the following coairaet :
“ By and in consideration of ibis con rac; and coupon sheer,
made by the Pulad-dpbia & Reaiiag Rtilwi.v Company
and attached to the accotnp toying bond No. —— giv-m nr
its predec-ss u-, the Philadelphia & Rjading Railroad Com
pany, dated 28oh of August, 1883, aod th ir acceptance by
the holler, the Philadelphia & Reading Rdl-vay Company
and The Philadelphia & Reading C iat & Iron Company
(which j bned in the mortgage to secure said bond),
and the R'ading Company (the owner of the capital
stock of the said Railway Comyany and of the Coal
& Iron Company), and. tha holder of this bond,
agree that the principal of said bond shall not be pay
able, nor shall payment thereof b - required before ihe firs , of
March, 1937, unless d fault be made in the oaymmt of the in
terest at the rate of four per cent p°r annum, after presenta
tion of the several prop -r semi-annual coup ms for $30 each,
which couoons the said Poiladelohia & Reading Railway
Company, the Philadelohia & Reading Coal & Iron C impany •
and the Reading Company, j intly and severally, promise to
pay on presentauon at tne office of the Rail way Companv ;
but on any such default said principal, at ihe op ion of the
holder, wili thereupon forthwith become and be due and
payable.
“ This extension a1 ihe reduced rats of interest is made and
accepted upon condiiion that payment of the principal and
interest of such bond, as extended, shall he made io United
States gold coin of the present standard weight nd fineness,
without deduction of any taxes imposed by the Uaite I States
or the State of Pennsylvania, which the c ompany may law
fully be required to retain therefrom ; and, for the further se
curity of the holder hereop the Philadelphia & Reading Coal
.
& Iron Company and the Reading Company, jointly and sev
erally covenant that such payment of princioal shall be made
upon March 1, 1937.
The security of said bond remains un
impaired, and no part of this contract shall be coistrued to
effect its priority or validity, or the rights and powers of the
trustee.
“ In witness whereof, the said companies have caused
their respective corporate seals to be hereunto affixed, duly
attested the first day of March, 1897.”—V . 65, p. 152.
Rio Grande Western Railway.— Preferred Stock f o r
S250,000 L isted .—The preferred stock to the amount of $250,000 recently distributed as dividend on thp preferred shares
has been listed on the New York Stock Exchange, making
the amount lipted to date $6,500,000. The results for the
late fiscal year (June estimated) are stated as follows ;
Te a r .
G ro ss.
1896-97 ............$2,469,276
N et.
In terest.
T a x es , e tc. B a l., s u r .
$864,267 $608,000 $124,838
$131,429
Surplus June 30, 1893, $86,153 ; addi'ions since (June, 1897,
estimated), $337,449 ; total, $433,602.—V. 65. p. 70.
Sacramento Eleetrio Has& Railway —Coupons U npaid.—
Coupons due June 1 on the Central Electric Railway bonds
were not paid at maturity, the company being uaable at that
time to sell the bonds necessary to recoup itself for various
extraordinary expenditures. It is bel'eved, however, the
payment will be made before Dec. 1 In expectation of this
N. W. Harris & C '. are cashing the coupons on presentation
at their office, No. 31 Nassau St,, New York.— V. 63, p. 190.
Spreckels Sagar C9.—New Com pany.— Tats cimpaay has
filed articles of incorpora io i in California proooung to pro
duce beets and manufacture sugar ta-rH m and, incident
fo
ally, to engare in agrioultur*, budi, equip and manage fac
tories and refineries, deal in real e tice, ems ruot railroads,
huild shins and do alt otb-r things necessary > the successfu1
development of thesugar-makiug business T m c p: al stock
is $5,000 000, J. D Sprockets A B. Spreokels. A F. Morrison,
M. II. Weed and W , D, K. Gibson each subscribing $L.000,000.
Union Pacific Ry. — First Instalment o f Assessment on
Stock Must Be Paid by Aug 26.— "he for-e1isur- sale having
been ordered by decrees of the United States circud courts
in all the Stat-s through which the road runs, the Reorgan
ization Committee has called u o n hfilers of certificates
issued for shares deposited uud r i s olauof reorganization
to pay on or before Thursday, Aug. 25th, 1897, th - first in
stalment of 5 per cent of the nominal or par value of such
certificates, being one-third of the contribution to be made
by said holders. Payment in New York must be made to the
Mercantile Trust Company, 121) Broadway, and must be ac
companied by presentation of the certificates of deposit for
endorsement of such pavment.—V. 65. p 236.
TS^TnSrTniieFTnvegtmenrTtomsdioe- paaoliSii)
“
‘
.Au g u st
u
THE CHRONICLE.
, 1897,]
279
CAPITAL STOCK.
R e p o r t s
a w tl
d o c u m e n t s .
CHICAGO & N O R T H W E S T E R N RAILWAY
COMPANY.
A NNUAL REPORT FOR THE THIRTY-EIGHTH FISCAL
YEAR ENDING M A Y 81st , 1887.
Capital stock was increased §38,000 during the year ; this
increase being §14,000 of preferred stock and §14,000 of com
mon stock issued for the conversion of §38,00) of first mort
gage 7 per cent bonds of the Peninsula RR, of Michigan.
T otals of Capital Stock .
Preferred stock and scrip outstanding
May 31st, 1897................................... ...$22,363,660 00
Preferred stock and scrip ow nel by the
Company May 31st, 1897......................
3,794 56
$22,367,454 56
The following report of the operations of the Chicago &
North Western Railway Company for its thirty-eighth fiscal
year ending May 31st, 1897, is respectfully submitted :
A v e r a g e TlUeasre O p e ra te d , 3 ,0 3 0 '7 8
Title*.
SUMMARY OF THE YEAR'S BUSINESS.
Gross earning*........................................................... .............. $30,977,243 48
26.623,412 64
All charges..............................................................................
Net earnlnss from trailics
Income from ihveatnienta-----
........ #4,353,830 84
........
: 136,790 00
Total net Income........................ ................................... #4,690,020 84
Dividend* on Preferred and Comiunu Stock.................... 3.518,630 00
Surplus............................................................................. $1,171,970 84
GROSS EARNINGS.
From Passenger*....................................# 6,663,578 31
•
•
Freight..................................... .
22,236.612 19
JBxpro**, Mali and Miscellaneous.
1,777.052 98
- #30,977,243 43
OPERATING EXPENSES AND CHARGES.
Operat'sr Expense* <60 01-100 i»jroenti.#l*,877,08i> IS
T axes(343 lot) per c e n t),..,.................. 1,061,731 91
19.933,821 06
Net E a r n ln c ' ................................................................ $11,038,422 42
D eotjor—
Interest on bond*...................................... #7,115,700 95
l .' t t O m l i i * .
F o r m - a t tat. k Exchange $ 61.521 37
• divid'd* oil Omaha *Uck. 5*53,000 00
•
--------- _
Net Is tercet ebarsc*.............
Sinking Fund*..................................
Net result# from trafllu
...
Add Income from Inresfanent*.
627.521 87
#0,483,170 OS
490,412 50
------------------- 0,661.59158
................
......................
14.35.1.330 34
386,790 00
Total net Income for the y ea r........ .......................... #4,690,620 84
DfviOksn*—
7 , ou Preferred Stock................. ............ ...#1,564.1*55
1,053,695
— -------------
a % m Common S tork .......... .................. .
Sarpln* lor the year.............................................
3,51 8,650 00
#1.171,0,*0 34
COMPARATIVE STATEMENT,
m e a t Tran K sioso mat 31 m , 1897. coMrakBO w m t 1396.
for U97.
A m m gtm llrt, I
5.030 73.
Pa*#enKer Kanjfotpb- A>;.i»«3,.vrn 31
h e ig h t EarntBR*.,:.... 22,236,612 19
Express, Mail
and
MiwwUaneutoa E»niln «»............................. 1,777,052 08
far 1806.
rerage miut,
laerm tt or
l>rrr< -r*r.
5,030*76.
*7,403,827 15 C #445.358 Si
l.
24,354.621 96 I).2.118,006 77
1.725,31199
1,51,740 99
Totals,...............,*30,977,243 4-3 #33, 138.761 10 1>.«2.5U,517 62
( f r o u E a r n i n g *.—
1397..................................#30,977,243 4*
1S#6................................ 33.488,761 10
O
perating i l t e m
e. -
1807...........................
Seermux’ . *2,.M 1,517 63
*18,877.089 15
1896.......... ...... .
... 20,373,tOl 48
fait*.
1897. .............................. *1,061.731 91
1896
.
:,075,56# #9
Decrease.. #1,496,313 33
Decrease..
#13,830 93
Decrease..
#220,447 37
Decrease..
#24,577 50
Increase .
$73,381 00
Decrease .
MILES OF RAILROAD OPERATED.
I n ’e rtm o n
#077.401 44
R a n d * .'
»»
1397 .............................
1890................................
O r e d ti* ,—
Sighing Eunrt*,—
1897 .................................
#6.483,179 08
6.703,620 45
#166.412 »0
1896 ................................
220,900 00
Income from Investment*.—
1897. ..............................
#336,790 00
1896 ......... ............... 257,903 00
Total Set Ineome.—
1»H .........................
*4*90,880 84
I860........................
5,368,082 28
#41,416,865 97
Total capital stock May 31st, 1397................................*63,784,320 53
Total capital stock May 3U t, 1896................................ 63.756,320 53
In cre a -e ............................................................................
$28,000 00
FUNDED DEBT.
The net changes in funded debt amounted to
$141,000, as follows:
a reduction of
BONUS RETIRED ASH CANCELED.
Peninsula RU
Mlchta-ait First Mortgage Bonds............... $28,000 00
Chicago .v North Western R'y 6 per cent Sinking Fond
Bonds o f 1879................................. .......................... 1........... 63,000 00
Obit M ii North Western R'y 5 per cent Sinking Fund
M
Bonds of 1879........ ................... .............................. ...........
78,000 00
Transactions in detail:
"
Common stock and scrip outstanding
May 31st. 1897....................................*39,083,257 92
Common stock and scrip owned by the
Company May 31st. 1897..................... 2,333,603 05
Total bonds canceled............. .......................................... $169,000 00
BONUS ISSttKI.,
Chicago A North Western R'y Oo. Consolidated Sinking
Fund Currency Bonds o f 1015, i,sited under the mort
gage in -ubstlt ition of other bonds canceled.................... 28,000 00
Net decrease In fou led debt.......................... .......................$141,000 00
The total of funded debt os shown in the table of funded
debt, inclusive of bonds on band and live bonds in sinking
funds, was. on May 31st, 1)897, $181.3.87,500, and the same oh
Mav 31st, 1.8'jti, was $131,520,500. Decrease for the year,
$141,000.
PASSENGER EARNINGS.
Compared with the v.-ar ending May Hist. 1800, there was
a decrease in vrro-s earnings from passenger# of §445,348 84,
equal to 6 0 1 ! iid per e,»nt. The total revenue from this
source amounted to §6,063.578 81 and contributed 23 48-100
per rent to t he entire gross earnings of the year derived
from :i1 traffic: the decline in passenger earning# was oc
1
casioned by a d. crease of §104,401 70, or 7 81-100 per cent, in
revenue from first -class passengers: $i.8«4 84, or 15 73-100 per
cent, from w'oondosla**; $82,788 34, or 5 39-100 per cent, from
commntat ion: §7 r,i :ts. or 2 11-10® per cent, from parlor cars,
and an increase of $27,600 28, or 2 65-100 per cent, from round
trip and excursion passenger*.
the aggregate number of passengers of all classes carried
was 13,821.065, against the number of 15,241,010 carried in
the preceding year, being a decrease of 1,420.845 passengers
or 9 32-100 per dent; there was a decrease of 587,928 in iirstola*s passengers, or 10 01-100 per cent; a decrease in secondclass of 1,007 passengers, or 20 62-100 per cent; a decrease in
commutation pas- ngers of s34,M or 10 52-100 per cent, and
l9,
an increa- of 3.129 in round trip and excursion passengers,
or 22-100 re r cent.
The total passenger movement one mile amounted to 341,108,884 against 38i.600.170 in preceding year, a decrease of
80,491,787, equal to 5 67-100 per cent, and the average rate
received per pa-ssenger per mile was 2 04-100 cents, against
2 05-100 cents in previous year, being a decrease of 01-100 of a
cent per puss .tiger per mile, or 49-100 of one per cent. The
decrease in revenue to the company caused by this small
fraction of rate amounted to $25,393 13 for the year.
The average number of miles traveled by each passenger
was 31 68-100. a cmiparati ve increase of 96-100 of one mile, or
4 04-100 per cent: the average number of passengers carried
in each train per mile run was 34 37-100; the average num
ber carried in each car per mite run was 10 70-100,a decrease
Of 90-100 or 7 76-100 per cent, and the average rate at which
each passenger was carried was 50 cents against 49 cents in
preceding year, a small increase of 2 4-100 per cent.
FREIGHT EARNINGS.
The earnings from freight were 823,336,812 19, and for the
The miles of railroad operated were the same a- at the
close ol the fiscal year ending May 31st. 1898—5,030-78 miles preceding year thev were $24,354,821 96. showing a compara
tive loss of $2,118,009 77, equal to 8 70-100 per cent.
—as follows:
The whole number of tons of freight carried was 15,235,Chicago A North Western Railway ..................... ....... 3.732-29 miles.
138, beirig a decrease of 1,857, 51 tons or 10 87-100 per cent,
Pkomuktabt L it e m O w ned .
inclusive of construction material, which amounted to 247.Winona 4. St. Peter Railway ........ .................. 448- la
337 toils: the total movement amounted to 2,254,027,285 tons
Dakota Centra! Railway- .............................. 723 !)::
Princeton A Western Railway .....................
i<i-00 1.138-47 "
carried one mile, being a decrease from the preceding year
of 118,438,198 tons, equal to 4 90-100 per cent. The average
LB4»Ki< Roto.
rate received per ton carried was $1 48, against $1 43 in pre
8 t Patti Eastern Grand Trtink Rallwut taken with
th.. M, L. S. A W. R a ilw a y ......................................
60-02 miles. ceding year, an increase of 3 cents, or 2 10-10 > per cent, and
the average rate received per ton per mile was 99-100 of a
Total miles contatahd In the system........................ 5,030-78
cent, being a decrease of 4-100 of one cent or 3 R-*-100 per
Thr .amount of track laid with steel on May 31st, 1897. was cent anil the average distance that each ton was carried
4,748-07 mil**, equal to 91 4-10 per cent of the total mileage, was i IS 5-1(10 miles as against 138 38-100 miles, an increase of
Besides the above the Company has 442 82-100 miles of 9 17 100 miles, or 6 80-100 per cent. The decrease in the rate
second main track constructed and in operation on various received per ton per mile on the gross tonnage carried is
important parts of its several lines, all of which is laid with equivalent to a loss in gross earnings of $903,153 92 for the
year.
steel rails.
fV L LXY.
o,
THE CHRONICLE,
280
1
The number of miles run by freight trains was 14,871,28(1, only changes being one officers’ car rebuilt as a combinatio1
car and two refrigerator cars rebuilt as box cars.
a decrease of 1,988,007 miles or 11 53-100 per cent, and the
In addition to ordinary repairs and maintenance of mo
average miles run by each train was 71 91-100, a decrease of
tive power in the locomotive department there were 429 en
3 35-100 miles or 4 i 5-109 per oent; the average number ot
gines taken up in the Company’s shops, partly rebuilt and
tons carried per train per mile run was 151 57-100, an increase
put in good condition for continued service: 110 of these
of 7 40-100 per cent, and the average number ot tons carriea
were repaired at an expenditure exceeding $1,800 each and
per loaded car per mile mn was 10 30-100, against 10 40-100
319 at a cost between $800 and $1,800 each. The net amount
in the preceding year.
paid for this work was $869,922 06, divided into the sums of
LOCOMOTIVE SERVICE.
$301,070 57 expended for materials and §568,851 49 for labor.
The number of locomotive engines employed in the ser
Important renewals and improvements were made in the
vice during the year was 1.010.
oar equipment during the year by the substitution of a large
The work done shows a total of 83.091,,>22 miles run by number of new freight cars of various classes and increased
locomotives, against 34,307,596 in the preceding year, a de capacity, in replacement of a like number of old cars dis
crease of 1,216,074 miles, or 8 54-100 per cent; this decrease used, retired or destroyed. By these changes 1,180 new
was made wholly in the freight service, there being a corn- freight cars, consisting of 1,000 box cars, 167 stock cars and
parative decrease of 1,238,085 miles, or 7 37-100 per cent, in 13 refrigerator cars were supplied to the freight equipment
freight mileage, and 527,880 miles, or 7 >3-100 per cent, in at a cost of $596,150 43 and charged to operating expenses;
switching mileage. In passenger service there was an in the sum of $145,877 64 was also charged for the application
crease of mileage amounting to 292,529 miles, or 3 1-100 per to freight equipment of air brakes and automatic couplers
cent, and there was an increase also ol' 257,362 miles, or during the year.
32 95-100 per cent iu the run of working trains and gravel
For general car repairs made at the Company’s shops and for
train mileage, the latter increase being largely on account fitting up of passenger cars with appliances for heating and
of work in the construction of second track.
lighting, the net sum of $328,023 88 was expended; for gen
The total expenditure incurred for the entire service was eral repairs of freight cars the net sum of $581,374 42, and
$5,297,780 64, of which sum $2,415,735 98 was paid for wages for repairs of work cars the net sum of $36,261 37—making
of enginemen. liremen and wipers, etc.; the amount for fuel the total net ciiarge to operating expenses for new cars, for
was $1,913,840 46; for lubricants, etc., $66,508 18, and the replacements and for general repairs and improvement of
amount for repairs and supplies to locomotives was $901,- car equipment $1,687,087 74.
698 02. Compared with the preceding year there was a de
On the 81st of May, 1897, there were equipped with au
crease of 116.431 10. or 4 60-100 per cent, in the amount paid tomatic couplers 26,917 freight cars, or 76 per cent of the
for labor; $164,467 13. or 7 91-100 per cent, in the cost of freight equipment, and with air brakes 21,876 freight cars,
fuel: $14,237 80, or 17 63-100 per cent, in the amount paid for or 62 per cent of the total number of cars in freight service.
lubricants, etc., and $524,076 67, or 36 70-100 per cent, in the
GENERAL REMARKS.
amount paid for repairs and supplies.
A summary of the general results of the year shows a de
The average cost per mile run by locomotives in all service
was as follows: For wages of enginemen, tiremen, wipers, crease in gross earnings derived from traffic of $2,511,517 62,
etc.. 7 30-100 cents; for fuel, 5 78-100 cents; for lubricants, compared with the earnings of the previous year; passenger
etc., 20-l( 0 of a cent, and for repairs and supplies, 2 73-100 earnings fell off $445,248 84, and freight earnings decreased
cents, making a combined total cost of 16 01-100 cents per $2,118,009 77, with an increase in earnings from mail, ex
mile run, against 17 83-100 cents in the preceding year, a press and miscellaneous of $51,740 99. The shrinkage in
passenger business was, for the most part, due to the de
reduction of 1 82-100 cents, or 10 21-100 per cent.
The average cost per mile run by locomotives in all service cline in first-class travel, and evidenced the dulness and
was as follows: For wages of enginemen, firemen, wipers, hesitation of business consequent upon the uncertainties of
etc., 7 30-100 cents; for fuel, 5 78-100 cents; for lubricants, financial and political affairs which characterized the agi
etc., 20-100 of a cent, and for repairs and supplies, 2 73-100 tation of the Presidential election during the greater part
cents, making a combined total cost of 16 1-100 cents per of the fiscal year.
These effects were more disastrously felt in reduction of
mile run, against 17 83-100 cents in the preceding year, a re
freight earnings. The tonnage movement fell off 1,857,251
duction of 1 82-100 cents, or 10 21-100 per cent.
The quantity of fuel consumed by locomotives consisted of tons, or 10 87-100 per cent, and the reduction in rates was
1,268,718 tons of coal, the same being 58,250 tons, or 4 39-100 equal to a loss of $903,153 9a on the reduced traffic of the
per oent, less than was consumed in the previous year, year. The principal decline in tonnage was in the trans
and the quantity of wood was 11,(44 cords, a decrease portation of iron ore and other ores, which fell off 1,792.526
of 4,510 cords, or 29 per cent; the average cost per ton of coal tons, leaving the total comparative loss in tonnage of other
was $1 49, against $1 54 in the previous year, a reduction of articles which made up the year’s movement at t>4,725 tons;
5 cents per ton, or 3 24-100 per cent, and the average cost of there was a decline in lumber of 191,221 tons; in wheat and
wood was $2 17 per cord, a reduction of 11 cents per cord, or flour 5,404 tons, in oats 24,931 tons, in barley 50,420 tons, and
4 82-100 per cent.
an increase in corn and rye of 237,000 tons; the balance of
The engine performance shows the average of 25 86-100 the tonnage was made up of miscellaneous articles as com
miles run to one ton of coal or cord of wood; 19 44 100 miles pared with the same articles transported in the preceding
to one pint of oil and 177 24-100 miles to a pound of waste, year, the decrease in the movement of which amounted to
as against 25 56-100 miles, 17 95-100 miles and 183 59-100 29,749 tons.
miles performed with like supplies in the preceding year.
CLASSIFICATION OF OPERATING EXPENSES.
REPAIRS AND RENEWALS OF ROADWAY AND TRACK.
The roadway and track were fully maintained, with an
improved general condition at the close of the year. A
larger sum was expended for renewals and repairs than
during the preceding year. The gross outlay was $3,383,085 81, against which there was a bene'it of credits for value
of old rails taken up of $304,248 22, and for old track mate
rials $52,678 38, leaving the net expenditure at §3,026,159 21—the corresponding expenditure in the preceding year
being $2,732,394 44. The quantity of rails laid down
was *29,550 tons, of which 29,428 tons were steel and
122 tons iron rails, and the number ol’ cross-ties laid in the
track was 1,511,942, showing an increase of 4,010 tons of
rails and 227,287 cross-ties laid during the year.
The net cost was, of rails, $447,225 06; of crossties, $508,684 14, and the expense for track materials, including angle
bars, bolts, spikes, plates, fastenings, switches, frogs, tools,
etc.. $214,471 78, making the total net cost of materials used
$1,170,380 98, equal to 38% per cent of the whole, and the
amount paid for wages was $1,855,775 28, equal to 01% per
cent.
Other considerable amounts were expended in mainten
ance of roadway; repairs of bridges and culverts required
the sum of $484,591 75, and the cost of fencing, crossing
signs, cattle guards, gates, etc., amounted to $151,382 87, to
gether making the total sum of $635,974 02 expended for
these purposes, including $324,927 70 as the cost of mate
rials and $311,046 92 paid for labor.
The whole net expenditure for the year for renewals and
repairs of track and roadway, as above shown, was $3,662 133 83, of which $1,495,308 68 was paid for materials and
$2,166,825 15 disbursed for labor.
EQUIPMENT.
The schedule of equipment in the table accompanying
this report shows the same number of locomotives and cart
on May 81st, 1897, as was shown in the corresponding sched
ule on May 31st. 1896, as follows: Number of locomotives,
1,010, and number of cars of all descriptions, 35,911, the
1896-7.
Maint. ot Way
and Structures $4,143,017 39
Maint. of Equ’mt 3,033,187 90
Conduct’gTrans. 11,001,471 22
Gen’l Expenses.
699,412 64
Totals............$18,877,089 15
1895-6.
$4,014,143
4,104,968
11,596,954
657,335
In c . o r D ec.
89
90
10
59
$20,373,402 48
Ino, *128,873
Dec.1,071,781
Dee.595,482
Inc.42,077
50
00
88
05
Dec.$l,496,313 33
The comparative results per mile of road were as follows:
1897.
Gross earnings.....................................$6,157 54
Operating expenses and taxes......... 3,963 37
1896.
$6.656 77
4,263 55
$499 2 3
300 18
Net earnings...................................$2,194 17
$2,393 2i
$199 05
D ec.
Operating expenses were 60 94-100 per cent of gross earn
ings, and including taxes were 64 37-100 per cent; the cor
responding percentages in the previous year were 60 84-100
per cent and 64 5-100 per cent respectively.
The transactions of the land department for the year en ding May 31st, 1897,,are shown in the accompanying report of
the Land Commissioner. The quantity of land sold from the
different grants amounted to 12,237 17-100 acres and 337 lots,
and the consideration received was $141,215 23, payable in
the usual manner of cash on contract purchase and in time
installments.
The number of acres sold was. from the
Minnesota Grant, 5.611 24-100, at an average of $10 95 per
acre; from the Michigan Grant, 5,147 92-100 acres, at an
average of $4 30 per acre; from the Wisconsin Grant. 1,107
26-100 acres, at an average of $5 55 per acre, and from the
Ashland Division. 370 75-100 acres, at an average of $2 88 per
acre.
The total gross receipts from sales and from advance and
deferred payments, interest, trespass and stumpage was
$383,017 53, exclusive of sundry miscellaneous lands sold,
not required by the Company, amounting to $13,872 31, the
proceeds from which were credited to construction account.
The net land income, not including miscellaneous land re
ceipts, was $295,608 11 credited Land Income Account.
The total acreage held under the several grants on May
31st, 1897, was 876,168 87-100 acres, of which 132,212 80-100.
fHE
A ugust 14, I8fl7.j
CHRONK’ L '.
fc
acres were under contracts of sale and 693,926 7-100 acres
were unsold lands.
Construction charges for the year include the cost of per
manent works of improvement of exceptional importance to
the future operations of the railway in respect to their ben
eficial e S i it upon the e frriency and safety of the property
and the enlargement of its earning facilities.
The first of these improvements was the construction of a
section of 36 46-161) miles of second main track oa the Madi
son Division in Wisconsin. over the heavy divides and coun
try between the Wisconsin and Bamboo rivers, where traffic
was crowded during the busy season in the movement of
numerous trains working over heavy grades and curvature
on single truck, and delays were frequent and perplexing;
the construct ton of the new track afforded opportunity
which was availed of to rectify the alignment of the origi
nal track, reduce its grades, eliminate a number of bridges
and change or lions of the old location to conform to the
better location an 1 grade of the new track. The work was
begun in February, 1896, ami was prosecuted with entire
success without interruption of the regular business of the
line, and was complete I and opened to traffic in December
of the same year. ‘ I ho amount expended upon this work
during the year was $662,030 71.
Another work of nnjiort&ne* contributing to the facilities
and economy of operation was the completion of the second
main track' and changes in line from Watkins to Luz.-rne in Iowa, a distance of 10 35 100 miles, and the sum ex
pended on account of this work was 8161.029 36.
The expensive and progressive work of re-arranging and
elevating the? Company's main tracks in the City of Chicago
upon tie? Milwaukee and Catena divisions was vigorously
prosecuted, and a targe amount of material and labor were
used and employed ut this heavy re-construction of roadway
and track during the year, and the sum expended in carry
ing forward h e* work was $330,383 68.
u
Additional real estate was ac paired for depot grounds,
right of way and depot facilities at various points and
localties, anil the amount expended therefor was $110,m
3 3.
Tin- miles of new railroad laid as side tracks on the various
divisions of the road during the year were 31 76-100 at a cost
of $150,194 77. For sundry items of miscellaneous construc
tion, including a large addition to the dock freight him.. ■in
Milwaukee, a hew passenger station at Carroll and balance
of cost of a commodious joint passenger station at Cedar
Rapids, Iowa, and various other station buildings and im
provements. shop machinery and tools, docks and wharves,
permanent bridges, block signals, interlocking switches,
etc., the net sum of #314. list 27 was expended.
The total amount expended for construction during the
year was $1,772.25- 49.
The usual accounts, tables and statistics relating to the
business of the year nnd the condition of the affairs of t he
Company on May Slut. 1897, will be found in the avcomuanjring pagan tpamphlet report}. together with the ft j«rt
of the Land ommissioner and the Report of the Fremont
Elkhom St Missouri Valley Railroad Company.
MARVIN HUOHITT,
P re* id e> * t.
Office of the
C htcacki & N o r t h W
estern
R a i l w a y Co m p a n y ,
July 81st, 1807.
W E S T C H I C A G O S T R E E T R A I L R O A D CO.
APPLICATION TO LIST SECURITIES ON NEW YORK
STOCK EXCHANGE.
New Y ork , June 20, 1807.
Application is hereby made by the West Chicago Street
Railroad Company an organization duly chartered under
the laws of the State of Illinois July Hi, 1887,) fur the listing
of #43,189,000 stock of the par value of #100 per share, which
is the total Issue out o f #20,000.000 authorized.
Application is also made for the listing of #3,969.000 out
standing First Mortgage Five per Cent Bonds of the de
nomination of #1,000 each issued by this company. Said
bonds bear date of May 1, 1888, and are due Say I, 1928,
Interest payable May I and November 1. I he Illinois Trust
& Savings Hank of Chicago is the Trustee. Total author
ized issue #4.190,000, of which amount #131,000 has been
canceled, leaving amount now outstanding #3.069.000.
included in Nos, t to 4,100. Numbers of canceled bonds
art' on file in office of Secretary of New York Stock Ex
change.
Application is also made for the listing of $6,031,000 Con
Miniated Mortgage Five Per Cent Gold Bonds, Nos. 8,970 to
19,000 inclusive. Said bonds bear date of November 1, 1690,
and are due November J, 1036. and are payable in gold at
the office of the company in New York or Chicago, interest
payable May ! and November 1, The Central Trust CornCompany of New York and George Sherman, both of the
City of New York, are Trustees. The issue is limited to
#12.500,006.
This company was incorporated under the laws of the
State of Illinois July 10. 1887, The first act of the company
281
was to secure control of a majority of the stock of the Chi
cago West Division Railway Company, amounting to 6,351
shares of §100 each. This stock was purchased at the rate,
of §813 per share. The property of the Chicago West Divisio i Railway Company was then leased to the West Chicago
Street Railroad Company. Aftewards a mortgage was
made—a copy of which we herewith submit—mortgaging all
the property of the West Chicago Street Railway Company
then owned or which might be acquired in the future.
W ith the mortgage was deposited with the Illinois Trust
Company the 6,251 shares of Chicago West Division Railway
stock, to be held by the Trust Company as trustee for the
bondholders. A contract was then made between the West
Chicago Street Railway Company and the United States
Construction Company, by which it was provided that cer
tain tracks belonging to the Chicago West Division Railway
Company should be cabled, that land should be purchased,
power houses built thereon and equipped with machinery,
that car* should be purchased, and, in fact, the whole para
phernalia of equipping a cable road should be supplied by
the Construction onipany. For this property the Construc
tion Company was to receive §10,000,000 of stock of the new
company." After the work was completed and the road in
operation, the new company started with a capital stock of
#10,000,000 and a first mortgage bonded indebtedness of
§4,100,000.
Following the leasing by the new company of the old
company'-, property, a lea** was made between the new
company and the Chicago Passenger Railway Company, by
the terms of whioh the new company took’ control of the
property of the latter company. At the time of making the
lease the in*w company controlled 7,300 share* of the stock
of the Chicago Passenger Railway- Company, out of a total
capitalization of 19,000 share*. Since t he organization of
the new company, there has been laid and equipped 76*59
mile* of track. 1 refer you more particularly to a state
ment, filed with your committee, showing the amount of
real estate, power houses and plants of the company, giving
the figures therein in detail. As you will notice by yie
term* of the lease, the new company is to be reimbursed for
all expenditure* made on the Uses of the leased companies
at the time of the expiration of the lenses.
I furnish you with a copy of tin* leases to each of the lines,
in- in substance as follows:
The lea,so of the West Division Railway Company to the
West Chicago Street Railway Company is tidied October 20,
1887. and i* for nine hundred and ninety-nine years, and
provides a* follows: That the leasee shall take possession of
the property of the West Division and operate the same for
the above-mentioned term o f years. That tit the end of that
time the lessee is requited to return the property in as good
condition a* at the time of tin* lease being made. The per
sonal property of the company is appraised and the amount
the appraisement must lie paid in place of.thfc delivery of
the rolling stock and other matters making up the personal
property. The less-e has the right to sell any of the property
of the lessor which is not useful in the operat ion of the road,
and to invest the proceeds thereof in other property for the
benefit of the lessor. The i,• *,• is required to pay as rental
.< «
a sum equal to 33 per cent per annum on the capital stock of
the lessor company, said stock amounting to §1,250,000, this
interest to be paid quarterly. The lessee is also required to
pay the interest on § 1 ,040, 01M bonds of the lessor company.
)
At the time this lease, was made this amount was represented
by 6 p«*r cent certificates of indebtedness. Since that hese
certificate* have been funded into a 1}» per cunt loan.
There was also a note of #87,506 which had been issued by
the lessor company which the lessee company was required
to pay. With the property of the lessor came 7,300 shares of the
stock of the Chicago Passenger Railway Company which it
is agreed shall not be disposed of or mortgaged by the lessee.
Said company has the control of this 7,800 shares of stock.
The lease between the Chicago Passenger Railway Com
pany and the West Chicago Street Railroad Company is sub
stantially as follows:
An agreement was made on the 16th day of November,
t#88, which never went into effect but was supplanted by
an agreement made tie* I5th day of March, 1889, whioh is as
follows * The term of the agreement was fifteen years; this
wa* extended two months ago for fifty years. It was pro
vided that, the lessee should equip the several lines of the
lessor company, using the present equipment or its proceeds,
or both. a» far"as might be deemed expedient; also should
construct a cable system on certain of the lines of the lessor
company. The lessor company was to issue bonds bearing
interest at a rate not to exceed’ 6 per cent, to pay off any in
debtedness which might have accrued, and which was a
floating debt then standing against the lessor company, and
also for improvement* and extensions which might be made
by the lessor company. The lessee company was to take
charge of the running of the cars over the tracks of the
lessor company, pay all the expenses thereof and take the
receipts. All of the personal property, conisting of rolling
stock, horse*, wagons, vehicles, harness and all appurten
ances, should be taken possession of by the lessee, the same
to he appraised and accounted for in accordance with such
appraisement when the lease should expire.
It was also provided that the lessee should pay the interest
on the funded debt of the lessor company, said funded debt
amounting to #1,000,000, and also five per cent on the capi
tal stock o f the lessor, said stock amounting to $1,000,000.
THE CHRONICLE.
282
[Vol. LXV.
At a meeting of the stockholders of the Chicago Passenger
Railway Company, held March 3, 1896, a resolution was
passed increasing the capital to $2,000,000,being an increase
of $1,000,000. Of this amount $116,300 of stock has been
issued. Under said resolution the proceeds of the sale of
said stock is to be used for improvement and extensions
made upon the lines and property of the Chicago
Passenger Railway Company.
On the 8th of April
following, at a meeting of the directors of the
West Chicago Street Railroad Company held that day, the
action of the stockholders of the Chicago Passenger Railway
Company, increasing their capital stock, was approved, and
it was agreed that the West Chicago Street Railroad Com
pany would pay the interest on the increased capital of that
company. The action of the board was confirmed at a
meeting of the stockholders of the West Chicago Street
Railroad Company.
The stock and bonds outstanding of the leased lines are as
follows:
G eneral B alance Sheet of W est Chicago Street Ra il w a y Co.,
J une . 1897.
Chicago West Division Railway Company, capital stock ...$1,250,000
Chicago West Division Railway Company first mortgage
bonds, 4 ‘a per cent duo July 1, 1932...................................... 4,070,000
Chicago Passenger Railway Company, capital Block............ 1,116,300
Chicago Passenger Railway Company, first mortgage bonds
6 per cent, due August 1 ,1 9 0 3 .................................................
400,000
Chicago Passenger Railway Company, con. mortgage bonds,
6 per cent, due June 1, 1920......................................................
600,000
Capital stock.................................................................................... $13,189,000 00
W. C. St. R. R. Co. 1st mortgage bonds 5 s............................... 3,969,000 00
W. C. St. R. R. Co. consolidated mortgage bonds 5s___ 10,000,000 00
Debenture bonds, due 1914.........................................................
767,000 00
Floating debt, not due...................................................................
1,056,500 00
Unclaimed wages, dividends, etc...............................................
11,531 78
Accounts payable............................................................................
15,430 00
Chicago Passenger.Railway Co. stock subscription.......
87,225 00
Cieero &|Proviso Street Railway Co. operating..............
3,873 36
Ogden Street Railway Co. operating........................................
5.122 89
Income accounts.............................................................................
662,289 06
In regard to sinking fund—there is no sinking fund,
except relating to the first mortgage of the West Chicago
Street Railroad Company. For the bonds of this mortgage
retired an equal amount of consolidated bonds can be issued.
In regard to the privilege of the company to increase the
amount of consolidated mortgage bonds to be issued, these
bonds will be certified to by the Central Trust Company,
and issued only after an expenditure has been made by the
railroad company for improvements, and then only to the
amount of 75 per cent of said expenditures.
The amount of debenture bonds still outstanding, and
which cannot be called until the year 1900, is $767,000.
There is at this date in the Central Trust Company, for the
payment of these bonds, about $250,000. The bonds are not
due until 1914, but may be paid at the option of the company
any time after 1899. They are 5-20 bonds.
I also hand you a certificate of the Illinois Trust Company,
stating that they hold the 6,251 shares of stock of the
Chicago West Division Railway Company, as trustees for the
first mortgage bonds of the West Chicago Street Railroad
Company.
The property of the company is located in the city of
Chicago, county of Cook, State of Illinois, and consists of
201 miles of single track, owned and leased, laid with steel
rails weighing 85 and 90 pounds. The gauge of the track is
4 feet 8li inches. Of the trackage 166-78 miles of single
track are operated by electricity, 30-42 miles of single track
by cable and 5-50 miles of single track by horse power.
The route of the company, as per map. covers the territory
west of the Chicago River, with entrance on all of the lead
ing thoroughfares to the business district of the city. It
also covers all of the available bridges connecting the west
and south divisions of the city. A. full description has been
filed with the Stock List Committee.
The equipment consists of 2,000 cars, about 300 horses, 83
miles of double track of electrical construction, and the fol
lowing power houses: Cable power house Washington and
Jeffelson Streets, 2,400 horse power; cable power house
Van Buren and Jefferson streets, 3,000 horse power; cable
power house Blue Island Avenue and Twelfth Street, 1,500
horse power; cable power house Milwaukee Avenue and
Cleaver Street, 1,500 horsepower; cable power house Madison
and Rockwell streets, 1,500 horse power; cable power house
DesplainesStreet,between Washington and Randolph streets,
1.000 horse power; electric power house Western Avenue
and Washington Boulevard, 9,000 horse power.
|Asscte.
Cost of road, equipment,right of way and construction.$16,331,184 52
Real estate.................................................................................
1,5 80,202 65
Treasury stocks and bonds..................................................... 5,210,264 00
Sinking fund..............................................................................
11,000 00
Material on hand......................................................................
169,874 75
Bills receivable.........................................................................
86,969 98
Aocounts receivable..................................................................
31,073 84
Central Trust Co., trustee, (consolidated mortgage
bonds held to retire equal amount of 1st mortgage
3,969,000 00
b o n d s)...,................................................................................
Ogden Street Railway Co.......................................................
266,294 32
Cicero & Proviso Street Railway C o.............................
127,195 07
Chicago Passenger Railway Co.............................................
90,667 98
West Chicago Street RR. Tunnel Co......................
78,774 49
Chicago & Jefferson Urban Trans.Co..................................
6,012 14
Suspense......................................................................................
3,405 48
Cash on hand and in banks...................................................
1,805,052 87
$29,766,972 09
L ia b ilitie s .
$29,766,972 09
Item in balance sheet showing treasury stock and bonds,
amounting to $5,210,264, is made up of the following securi
ties :
Chicago West Division Ry. Co., 6,251 shares capital
stock, cost..................................................................................$5,100,000
West Chicago St. RR. Co. capital stock................................
22,264
West Chicago St. RR. Co. consolidated mortgage bonds..
30,000
Chicago < Jefferson Urban Tr. Co. 1st mortgage bonds..
fc
58,000
00
00
00
00
Fixed charges are as follows :
Rental of leased roads: Cliii ago West Div. Railway Co. $440,000 00
Chicago Passenger Railway Co.
53,407 50
Coupon int. of leased roads: Chicago West Div. Ry. Co.
181,800 00
Chicago Passenger Ry. Co.
60,000 00
Interest account West Chicago Street Railroad Co..........
280,906 68
$1,016,114 18
The dividends which have been paid by the W est Chicago
Street Railroad Company are as follows :
1888, 1889, 1890....................5% I 1893, 1894........................................9%
1891 ........................................... 6%
1895,1896 and one half of 1897.6%
1892 .........................................614 % 1
The Directors of the Company are : Charles T. Yerkes,
P. A. B. Widener, William L. Elkins, Harvey T. Weeks, S.
W . Rawson, F. H. Winston, John M. Roach.
The Officers of the company are: Charles T. Yerkes,
President; J. M. Roach. First Vice-President*, George A.
Yuille, Second Vice-President ; L. S. Owsley, Secretary and
Treasurer ; W . S. Bell, Assistant Secretary and Treasurer.
The general offices of the company are located at 89 W .
Washington Street, which is also the transfer office in
Chicago. The registrar in Chicago is the Illinois Trust &
Savings Bank, corner of Jacksou and La Salle streets.
Transfer office in New York is at 54 W all Street. The regis
trar in New York City is the Central Trust Company of New
York, 54 W all Street.
CHARLES T. YERKES, President.
The Committee recommended that the above-described
$3,969,000 First Mortgage Forty-year 5 per Cent Currency
Bonds, included in Nos. 1 to 4,100, $6,031,000 ; Consolidated
Mortgage Forty-year o per Cent Gold Bonds, Nos. 3,970 to
10,000 inclusive, and $13,189,000 Capital Stock, be admitted
to the list.
Adopted by Governing Committee, Aug. 12, 1897.
ANNUAL REPORT YEAR ENDING DECEMBER 31, 1896.
Gross earnings..........................................................................$4,018,948 45
Operating expenses................................................................. 2,138,378 55
Southern Iron — Buffalo Iron.—Right to Exchange
Expires Sept 1 —Stockholders of the Southern Iron Co. are
reminded tba- the right io exchange their securities for
Net earnings............................................................................... $1,880,569 90
Fixed charges.................................................................................. $1,016,114 18 Buffalo Iron Co securi ies on the basis heretofore adopted
864,45572expires on Sept. 1. 1897. Until that date the exchange will
Applicable to dividends (6-55 per cent)...................................
Dividends paid ...............................................................................
791,340 00be made at the office of the Buffalo Iron Co., Nashville. Tenn.
Balance carried to income account.
$73,115 72
West Chicago Street RR. —Securities Listed on New York
Stock Exchange.— Official Statement as to P r o p e r ty —This
Comparative Statement of the R eceipts and E xpenses of the company’s securities were listed tnis wr-ek on the New York
W est Chicago Street R aii.road Company Five Months
Stock Exchange, including $3,969,000 fiist mortgage bonds,
of 1896 anii 1897 E nding M ay 31.
$6,031,000 consolidated mortgage bimds and $13,189,000 capi
R ec tip ts ~
1896.
1897.
The very clear and comprehensive statem-nt
Passengers..............
$1,627,931 36
$1,485,767 42 tal stock.
Advertising............
10,000 00
10,000 00 made to the Exchange by President Yerkes in com ection
Rents.......................
13,71116
13,878 82 with the listing is given at length on pages 281 and 232 of to
United States mail
1,580 60 day’s Chronicle, where it will be read with interest and re
Chartered cars___
6 00
Total........................................................ $1,651,642 52
1896.
Conducting transportation........................ $551,517 20
Maintenance of way............................
52,442 73
Motivepower— ....................................
233,371 20
Maintenance of cars...................................
74,-14627
Maintenance of property................. .
5,115 98
Miscellaneous expenses___..................
90,310 64
Aocldents...............................
57,824 08
O p e r a ti n g E x p e n s e s —
$1,511,232 84
1897.
$417,989 79
66,062 99
165,664 94
92.966 94
1,531 94
111,440 36
67,869 36
Total......................
$1,065,028 10
$923,526 32
Profit from operating
$586,614 42
$587,706 52
main '-vailanle for future reference. A fea ure of thir state
ment is the general halance sheet of June 1, 1897, and the
gross and net earnings f -r the five months ending May 31,
1896 and 1897.—V. 65, p 235.
Western N. ¥. * Pennsylvania R y . — Quarterly — E unings
for the quarter ending Juu- 30 have been reported as f.ilio vs.
Figures for the fiscal year will be found on a previous page.
3 m o t. e n d i n g
dross
N et
J u n e 30.
e a rn in g s, e a r n in g s ,
1897...................... $669,440 $168,102
1896..................... 736,601 237,504
-V . 64, p. 903.
O llier
in co m e,
.... ...
,$1,172
I n l e r e s '.
B a la n c e
ta x e s , <ec. s u - . o r d e l .
$257,076 (ler.$sS,U7l
211,161 sur. 77,515
Au u t 1 1 9 .J
g s 4 8T
% \ xe
C o m
THE CHRONICLE.
m
m
C O M M E R C I A L
i a l
C O T T O N .
g ir o e s .
F r i d a y N i g h t , August 13, 1897.
T h e Movement o p t h e C r o p , as indicated bv our telegrams
E P I T O M E .
F r i d a y N ig h t , A u g u st 13, 1597.
There has betn a fair amount of activity t i business in
nearly all seasonable lints of merchandise, and merchants
have continued to speak encouragingly of the future pros
pects for trade. The c ntirued upward tendency to wheat
values has atlrart-d widespread attention. The fact that
Europe will be dependent upon ibis country this season for
an unusually large supply < f grain as a consequence of the
partial failure of her crops, which means tatter prices to the
American fainter for bis products, and a consequent im
proved financial condition among the agricultural classes, is
having much to do with the general cheerful tone noticeable
throughout mercantile circles. There has been an unusually
large attendance of out-of-town merchants in this market
the past week, but ibis, in a measure, has been the result of
the benefits received bv them a« regards the railroad passerger rates through the efforts of the Merchants’ Association.
Lard on the spot ba* been in fairly active demand and
pTicea have advanced, closing firm at 4'70(g4 *.‘3c, for prime
Western and 4 30c. for prune City. The demand for refined
lard has been only limited, bur prices have advanced, and to
the Conticei t the price was quoted at 3c, Tnere ba* been no
trading in the It cal n arket tor futures, out at the W ist the
speculation has been fait ly active, as the more active cash de
mand and higher pric-s for swine have stimulated buying for
investment account and ptices have advanced. The clone
was firm.
daily closing eaices or lard rvrvttes.
Sat.
Man. Toes. Wed. Thurt. Fri.
Oct.............................. . . .c. 4-70
4-63
4 07
4 03
4 0, .
283
4'80
Pork has had a moderate sale and prtc** have advanced,
closing at $8 QQ
fctH 50 for old m-»», $9 00'39 75 for new races,
$9 5(1(310 50 for family and $9/311 50 for short clear. Cut
meats have been in onlv limited demand, hut price* have
held firm, clcsirg at fi)£®7c. for pickled bellies, 12010
lbs. average, 8f?3*ic. for pickled smoulders and 8J£@8e,
for pickled ban».«. Beef has been firm but quiet, closing at
$7 30®8 i 0 for mess; 98<d9 W f< r packet; $$ 5 rg'.i 50 for fam
>
<
ily and 112 5* (314 5o for extra India mess. Be* f hams have
th-en fi<m at t2$@29. Tallow has been qubt but sttady at
4;t|c. Oteo stearin® has had only a limited sale, bu' values
have held steady at 4Jj|i35c. Lard stearioe ha# been firm hut
quiet at 5?4'c for City. Cottonseed oil has been unchanged
and firm at 25}^® 2t!^ c, for prime yellow. Buster has bo-n
in fair demand lor choice and firmer, closing at 11a 15c for
creamery. Cheise has had a moderate »aie at steady prices,
closing at
for State factory, full cream. Ff< sh eggs
have be»n In light »up! ty and higher, closing at 14c. for
choice Wt stern.
The Brazil giad*# of coffee were steadier early in the week,
but at the clove large receip*# end lower firm offers {vaulted
in a decline, closing at 7tgc, for Rfo No. 7. Mild grades have
had a fair sale, and for higb grad-s prices have held steady.
closing at 13 . f i r g o d Cucute and 24c. for star dard Java.
There baa been slightly increased activity to the tradi g in
the market for contracts, but the changes in prtc<a have been
unimportant. The close was easy under a heavy crop movrmenr. Following were final asking prices.
Ang.................. 6-70o. I Nov................... 4 90c. 1.. ....................... .......
Pept.................. 6-90C. Dec................. 7 00c. ; March..............7*16e.
Get................... 6-SOc. i Jan................ 7-1 Oc.! May................. 7-20C.
The market for raw sugars has been firm but quiet, closing
at S?^c. for centrifugal 9fi*d>g, test arid 3}£c. for muscovado
88 deg. Usi. Refined sugar* have bad a moderate sale and a
few of the soft grades have been advanced l-16c.: granulated
bi s been unchanged st 5c. Teas have been steady. Molas
ses and s> rups have teen fairly actjv- and firm.
Keitucky t-ibacc > ha* b*er. in more active demand for ex
port, and firm; mice 250 hbds. Heed leaf tobacco h-s been
firm but quiet. Sabs for ihe week wire S 50cases, as follows:
M
160 cases j885 crop, Ztmmets. 15<dICc.; 200 cases 1895 crop,
Per n * 'lvania Havana. 12c.; 125 cases 1885 crop, New Eng
land Hi vans. )9®88c.: 200 cases 1893 crop. G» 'hards, lie :
125 Cares 1893 crr.p. Wi»e< rain Havana, ll@ )l> £c , and 133
casts sundries, 7 ® ’ 5c.; also 90 bales Havana at two. to f l m
bond and 240 bale* Sumatra at. 95c to $2 15 io bond.
There h»» t o n <nlv a hmiud demand for S rai s tin. but
prices have adva ceo m rtpponse to foreign advices, closing
firm at 14c. h got copper bat* bad a fairly large sale and at
firm prices, eh'■mg at Ilj*<llll^c. for Lak*-. ie*nd was in
bette r demand >t the close and sit adier at 3 -8<'@S'85c for d« me sue. Sp» It# t has been qui-1 but steady at 4*80c.@4'if5c. for
domes'ic Pig iron has in d ' nly a limited sale but valuta
have held steady at *9 '•VifH'J 23 for dono aiic.
Refined peirr-leufn has b. en steady, closing a' 5 75c in
bhls.,8 25c. io t'ulk nod fi-2 c. io css s ; naphtha quiet a
<
5 59c. Crude certificates have been negiec ed ; credit, bal
ance a have hem unchanged at Tie, Bpiri's turpentine has
been in teller d* mand and higher, closing firm at 28c.(«28J4cBusies have been dull and easier, closing at $145@159 lor
common and good # raio* d Wool baa been firmly held but
only a limit'd amount of feaalaes# has been transacted. Hop#
have been quiet and easy,
from the South to-night, is given below. For the week ending
this evening the total receipts have reached 7,396 bales,
against 4,‘ 53 bales last week and 3,307 bales the previous
week, making the total receipts since the 1st of Sept.. 1896,
0,892.404 bales, against 3,282.388 bales for the same period of
1895-6, showing an increase since Sep 1,1896. of 1,460,166 bales.
S a t.
R e c e ip t s a t—
T oes.
M on.
Galveston.........
Tex. City. Ac,
New Orleans...
Mobile............ .
Florida........
Savannah........
Brnosw'k.Ao.
Charleston,...,
Pt. Royal,Ac.
Wilmington—
Wash’ton, Ac.
Norfolk............
N’p’t News, Ac,
New York.......
Boston..............
Baltimore. . . . .
PUiladaL*a. <k .
«L
74
.........
112
Tot. this week
555
51
977
12
1,186
4
20
........
3
14
......
7
8
......
......
......
......
5
......
1
141
......
......
51
......
1
......
75
342
1.175
1.842
......
7
......
PH .
W e d , 'T h u r s .
106
720
lo c a l.
2,436
159
1
930
......
459
3
lj
6
......
6
95
.........
19
484
2
......
401
8
2
“
4
......
...___
5 .............
.........; .........
23,
140
. . . __1 ___ _
97
239
377
1.599
3,377
22
12
........
15
79
......
30
26
79
460
533
870
2.061
7,396
The following shows t he week s total receipts,the total since
Sept 1,1896, anti the stock to-night, co m p a re d with last year:
1896-97.
R e c e ip t s to
A u g . 13.
Galveston...
Tex. C.,Ae.
New OrterciMobile........
Florida-.......
Savannah...
Br'wtok.Ac.
Charleston..
P.Royal,Ac.
Wilmington.
tVasb’n, Ac.
Norfolk.......
N’ port N.. Ao
New York...
Boston........
T h is
w eek .
1895-96.
$ l n c e S ep ,
1, 1896.
T h is
w ee k .
S to c k .
S in c e S ep,
1,1895.
Philadel. Ac,
2,436 1.344365
.....
112,751
3,377 2,030.192
22 291,435
.........| 88,525
95 840,617
......... 177,260
19 398,460
.........
73,595
12 284,625
.........
857
20 7 0 1,330
79
19,121
.........
48.695
460 161,734
......
03,376
870
51,900
4.335 931,440
328 113,650
9.V84 1,770,006
133 195,927
......
33,894
1,222 755,881
115,381
113 280,370
77,513
6 170,991
..... ..
787
489 333,241
284 170,903
53,119
133 127,088
48,901
19
24
45,128
Total*.......
7,396 6,692,404
16,370 5,232.23'
1897.
5,068
11.415!
1,378
.........I
6,763
1,3171.200
......I
429,
1896.
9.517
22,114
3,039
6,426
550
10,434
2,097
450
2,267
.........I
50
67,743
47,119
3.500j
4,000
4,197
1.219
5,012
2,2701
.1
„
82,167! 137,436
In order that comparison may be made with other years,
we give below the totals at leading ports for six seasons.
I t e e e i p t t at—
1897.
1696.
1894.
1805.
Hatves’ n.Ac.
New Orleans
Mobile.........
Savannah .,
Chas'ton, Ac.
w Urn’ton, « «
fe0
Norfolk.......
N. News, Ao.
All others...
2,436
3,377
22
05
10
12
2
t>
79
1,330
4.663
9,234
133
1,222
113
284
170-
80
30
510J
Tot. this wk.
7,396
16,170
1,749)
e;
4891
283
550:
14«
107
ll1
0i
1893.
1802.
1.483!
3,742
24
103
10
15
188!
53
1,587!
1,455
4,479
179
1,840
519
23
210
855
2,876
1.273
2,627
55
504
157
52
246
123
606
7,213
12,248
5,703
Since Sept, t Odi.y.SOi SS.^.^H 7800.576:5931.7Wj:»OT2J»8F'7119.131
The exports for the week ending this evening reach a total
of 4.1K4 bales, of which 1,982 were to Great Britain, 401
fai France and 1,751 to the rest of the Continent. Below
are the export* for the week and since Sept. 1, 1896.
E xports
from —
W ttk Enrhnp Alto. 1® IW 7. J
E x p orted to—
Cont i- ' Total | G n a t
G reat
Fram e
\
B
BrU 'n ,
nrnt. W eek. | ritain
__
Tex. City. k e ..
New Orleans.. ! 1.821
Mobile........
041
P e n s a c o la .....
Savannah—..,
Brunsw
ick__
Charleston...
Port Royal.,..
Wilmington,. I . V...
Norfolk...,,.,.
N’port N„ k c ..
Now Vork...... | l»'"
Boston......
Baltimore....
Philadelphia..
2n
401
2
......
San Fran.. &e.
1,882
401
T o ta l, 1895-00, ' t3,«0t
1.254
T o t a l............
l.ltS
Export r fa—
-d
FrancA Continent.
. 13.1897.
Total.
:L
711.291,201,591 285.7*29 1,228.0)8
21.708
...........,j
| 21.798
cons; 846,780 43e»«97 092,152 1.905,229
348,412 ....... | 37.120 180,532
72,350
60,732
5,618
48t207i 15.334 372.543 430.140
103,347 . . . . . .
21,789 125,130
78.322
191330 270,211
71,000
7 1 ,000; ...................... .
95.431, .........
111,3^ 206,794
......
200.275
10,881
060,079
l.O
iiF
232.690
172,741
2
12.878
228
69,792
...
1.751 4,184 3,012,401
21.050
0,132 21,050S b ,918
095.705 2,225,621 5.933,090
407,713 1304,634 £591.265
THE CHRONICLE.
284
In addition to above exports, onr telegrams to-night also
give us the following amounts of cotton on shipboard, not
cleared, at the ports named. We add similar figures for
New York, which are prepared for our special use by Messrs.
Lambert & Barrows. Pro luce Exchange Building.__________
ON SHIPBOARD, NOT CLEARED FOR—
A u g . 13 at
New Orleans..
Galveston.......
Charleston___
Mobile.............
Norfolk............
New York.......
Other ports...
Total 1897..
Total 1896.. .!
Total 1895..
[VOL, LXV.
T h e S a l e s a n d P r ic e s o f F u t u r e s at New York, are
shown in the following comprehensive tab'e.
L e a v in g
s to ck .
O th e r
F o r e ig n
C o a st
w is e .
50
l.b U
None.
None.
None.
None.
None.
200
None.
3.930
None.
None.
None.
None,
None.
1,000
100
40
893
None.
60
None.
Noi e.
None.
None.
550
1,541
5,030
993
8,114
74,053
7,702
8,912
365
50
3,955
5,693
200
941
1 2 ,’ 22
15,596
125,214
294,857
G rea t
B r ita in
F ra n ce
None.
None.
None.
None.
None.
None.
T ota l.
5,311
893
None.
60
None.
None.
1,700
150
6,134
4,>75
6,763
1,140
1,3 78
459
45,419
8,585
There has been a narrow and uninteresting market for
contracts. Speculation has been quiet, as there has been
practically no outside interest shown, the trading being
confined to operations by professional dealers. The crop
prospects have been the principal feature in the market,
and the fact that a moderate downfall of rain was reported
in Texas during the latter part of the week had a
depressing influence upon values. On Tuesday the monthly
report by Ihe Government's Agricultural Bureau was issued,
and it showed a slightly better average condition of
the crop than was generally expected. It was offset
in a measure, however, by the weekly report issued by the
Government's Weather Bureau, which was a less favorable
statement than anticipated and the decline in prices was
only slight. Advices received from the dry goods trade
stated that there was a fairly good demand for print cloths
for fall delivery at advaneing,prices, and this, together with
an estimate on the probable yield of the crop in Texas,
which made a smaller total than was generally expected,
had a favorable influence upon the market and also served
to prevent any pronounced weakness being shown in prices.
To-day there was a quiet market a d prices declined under
selling both for Liverpool and New Orleans account,
prompted by further fall of rains in Central and Southern
Texas. The close was steady, with prices 6 to 8 points
lower for the day. August closed 3 points Higher on buying
by shorts to cover contracts. Cotton on the spot has sold
slowly, but prices have been unchanged. To-day the mar
ket was more active and steady, closing at 8c. for middling
uplands.
The total sales for forward delivery for the week are
3M.200 bales. For immediate delivery the total sales foot
up this week 6,7.9 bales, including 744 for export, 3,0“5
for consumption, — for speculation and 3,000 on contract.
The following are the official quotations for each day of the
past week—August 7 to August 13.
Rates on and off middling, as established Nov. 33,1893, and
revised Dec. 11, 1895, by the Revision Committee at which
grades other than middling may be delivered on contract:
Fair................................ ,C. 1>4 on.
Middling Fair.............. ... 7Q on.
Strict Good Middling. .. L on.
*
Good Middling............ -• °16 on.
oil.
Strict Low Middling..
Low Middling.......
-. % off.
Strict Good Ordinary.
off.
Good Ordinary ............c. 1
off.
Good Middling Tinged...
Even.
Strict Middling Stained . 7sa off.
Middling Stained............. % off.
Strict Low Mid. Stained. an.j., off.
Low Middling Stained... I t , " off.
On this basis the prices for a few of the grades would be
as follows.
S a t.
STAINED.
T il.
F ri.
7
7=6
8
8= e
87n
7
7=8
8
15’ =
87e
7
7=8
8
g»16
87»
7
7=8
8
85i
8 7b
7
7=8
8
8=!,
87e
S a t.
GULF.
Good Ordinary...........................
Low Middling.............................
Mi. Idling......................
Good Middling............................
Middling Fair.............................
c
UPLANDS.
Good Ordinary...........................
Low Middling.............................
Middling......................................
Good Middling........................ ..
Middling Fair.............................
-lio n T u e s W e d
T il.
F ri.
74,
778
w8
i7
89in
0 ’s
8'\ 6
Shi
H o n T u e s W e d T li.
F ri.
71,
77
a
84
9>fl
S a t.
7M
77
b
S ’,
Tues W ed
7
7*8
8
85 6
87
«
74,
77
8
8*4
&*\
9%
91s
7*4
77
8
8 ’,
8 in
Si's
Low Middling................... ......... 6 \
63,
63,
Middling ..................................... 7=8
7=6
7%
7=8
Strict Middling..........................
72&
a- 72= ,4
Goo 1 Middling Tinged.............. 8 31 8
8
T*
MARKET AND SALES.
63,
7=8
65,
7=8
r *
r _ 2
The total sales of cotton on the spot and for future delivery
each day during the week are indicated in the following
statement. For the convenience of the reader we also add
a column which shows at a glance how the market clo ;ed
on same days.
SPOT MARKET
CLOSED.
Sat’day..
Monday.
Tuesday
Wed’day
Tli’day..
Friday..
TotaL.
Quiet..................
Quiet..................
Easy..................
Uasy...................
v^uiet..................
Steady...............
I SALES OF SPOT AND CONTRACT.
---------- S a les o f
C o n - ' S p ec- C o n
E x
p o r t . s u m p . u l'C n tr a c t. T otal, i F u t* r e s -
374
370
744
184
569
338
193
577
1,144
■
3,005:
....
....
....
....
....
....
....
3,000
::::
:::.
3.000
184
3,569
33SL
1931
951
1,514
6,749
* Includes sales in September, for September, 15,100: September"
Ootober, for October, 384,800; September-November, for November*
372,000; September-Deeember, for December, 2,290,000; September'
January,for January. 7,114,100; Septeraber-Fobruary, for February*
446,900; September March, for March, 6.268,200; September-April*
for April, 335,800; September-May, for May, 4,913,000; SeptemberJune, for June, 799,900; September-July, for July, 998,800.
K W For exchanges see page 386.
T h e V is ib l e S u p p l y o f C o t t o n to-night, as made up b y
cable and telegraph is as follows. The Continental stocks,
well as as those for Great Britain and the afloat are this
week’s returns and consequently all the European figures
are brought down to Thursday evening. But to make the
totals the complete figures for to-night (Aug. 13 » we add the
,
item of exports from the United States, including in it the
395,200 exports of Friday only:
___£ ...J
39,200
45,200
63,400
92,400
80,400
74,700
T H E
A ugust 14
rH R O N IC L E
1897.
6 1 6 ,0 0 0
h to o k a t L i v e r p o o l ........ b a le s .
- l o c k a t L o n d o n ........ . ........... .
8 ,0 0 0
T o ta l G reat B rita in s t o c k .
6 2 2 ,0 0 0
'14,000
S to c k a t H a m b u r g .................... .
S to c k a t B r e m e n ........................
9 9 ,0 0 0
S to c k a t A m s t e r d a m ___ _____
2 ,0 0 0
S to c k a t R o t t e r d a m
200
3 .0 0 0
S to c k at A n tw e rp .
,000
S toek a t H a v r e ............................
112.'
S to c k a t M a rs e ille s ....................
5 ,0 0 0
7 0 ,0 0 0
S to ck a t B a r c e lo n a ..................
S to c k a t G e n o a ...........................
3 5 ,0 0 0
S tock a t T r ie s te ..........................
19,0 00
.
1896.
1895.
1894
5 8 2 .0 0 0 1 ,3 8 4 ,0 0 0 1 ,1 1 2 ,0 0 0
1 0 .0 0 0
1 1,0 00
1 5,0 00
5 3 2 .0 0 0 1 ,3 4 5 ,0 0 0 1 ,1 2 7 ,0 0 0
3 1 .0 0 0
3 3 ,0 0 0
3 3 ,0 0 0
1 X 5.000 2 2 2 .0 0 0
1 2 0 .0 0 0
7 .0 0 0
1 4 ,0 0 0
1 2 .0 0 0
200
200
100
8 .0 0 0
2 0 ,0 0 0
1 9 ,0 0 0
1 7 0 .0 0 0
3 8 0 ,0 0 0 3 5 1 .0 0 0
8 .0 0 0
4 .0 0 0
6 ,0 0 0
6 8 .0 0 0
6 0 ,0 0 0
7 3 .0 0 0
3 9 .0 0 0
4 4 ,0 0 0
16,000
4 0 .0 0 0
3 8 .0 0 0
36.0 00
Total Continental stocks.._ 369,200 4 8 1 ,2 0 0 9 1 5 ,2 0 0 8 6 6 ,1 0 0
9 9 1 ,2 0 0 1 ,0 7 4 ,2 0 0 2 ,1 8 0 ,2 0 0 1 ,7 0 3 .1 0 0
T o ta l E urop ean s to c k s ..
2 2 .0 0 0
3 1 ,0 0 0
3 4,000
4 1 ,0 0 0
In d ia c o t t o n afloa t f o r E u ro p e
1 7 .0 0 0
6 2 ,0 0 0
2 3 ,0 0 0
4 2,0 00
A m e r .e o tto n afloa t fo r E u rop e
1 3 .0 0 0
1 1 ,0 0 0
1 7 ,0 0 0
1 7 ,0 0 0
E g y p t-B ra slL A c. .artt-for E’ pe
8 2 ,1 3 7
1 3 7 ,43 6
3 1 0 ,4 5 3
193 ,12 6
S to c k (n C a tte d S ta te* p o rts .
3 1 ,0 6 4
7 3 .5 4 ?
4 1 ,7 1 4
5 6,9 39
S to c k in I j, S. in te r io r to w n s ..
_______________ p
430
990
4S 3
1,118
Unite*! S ta tes e x . o r ta _____ j-.
to-d a
T o ta l v is ib le s n o p ly ........... 1 ,1 3 1 ,8 6 1 1,3 3 8,17 3 2 .6 0 4 ,8 3 0 2 ,1 4 4 .3 9 3
O f t b e a b o v e , to ta ls or A m ertoa n a n d o t n e r d e sc rip tio n # a re a s fo llo w a:
A m e rica n .502,000 4 1 9 .0 0 0 1 ,1 9 8 ,0 0 0
9 3 3 .0 0 0
L iv e r p o o l s t o c k .. _____b a le s .
4 3 9 .0 0 0
C on tin en tal s t o c k s ............. . . . »
2 3 3 ,0 0 0
3 5 9 .0 0 0 7 1 2 ,0 0 0
5 2 ,0 0 0
23.0 00
4 2,0 00
17.000
A m erican a floa t fo r E u r o p e ..
1 3 7 .1 3 9 3 1 0 ,1 5 3
1 93 ,4 36
82.167
U n ited S ta te* s t o c k ............
5 6 ,9 3 9
7 6 .5 * 7
41,7 11
U nited S ta tes In terior s to c k s .
3 1 ,0 6 *
990
463
1.113
430
U n ited S ta tes e x p o r t# t o - d a y .
T o ta l A m e r ic a n ........... .
920 .66 1 1 ,0 7 4 ,0 7 3 2 ,2 5 3 ,6 3 0 1 ,7 1 5,48 3
Mast I n d ia * , B ra sil, Ac 1 3 8 .0 0 0
1 79,000
L iv e r p o o l s t o c k ..........................
lll.O O C
133 ,00 0
15.000
11,0 00
L o n d o n s to c k .. . . . ......................
« ,« 0 0
'.<>.000
1 7 7 ,1 0 0
1 0 3 .2 0 0
8 1 .2 0 0
1 2 3 ,20 0
C o n tin e n ta l s to c k s --------- ------* 2 .0 0 0
11.0 00
In d ia a flo a t fo r E u r o p e ...........
2 2 ,0 0 0
ii,.W O
17,000
17,0 00
E g y p t, B ra itt, See,, a flo a t ., . . .
1,8,000
1 1 .0 0 0
T o ta l E ast rn dla, A c .......... 2 4 1 .2 0 0 3 » 1 .2 0 0
3 2 1 .2 0 0 429*,Y o b
T o t a l A m ertoa n ..................
0 2 0 .6 3 ! 1 ,0 7 4 ,9 7 3 2 ,2 8 3 ,0 3 0 1 ,715,483
T o ta l v is ib le s u p p l y ........ . l , l « ! , 9 d i f,3 « 'd ,l 7 3 A < S 4 .I 0 2 ,1 1 4 ,5 9 3
M id d lin g U p la n d , L iv e r p o o l..
V A
i> , fl.
3* ..4.
3*»; •
.
M id d lin g U p la n d, S e w f o r k .
8c
• ,.a .
*.
7 “„ c ,
7c
E g y p t G o o d B row n , L iv e rp o o l
5*i<yt
8 d .it
0*i#d ,
4>*;«d
P e ro v .R o u g h G o o d , L iv e rp o o l
8t*d .
«M ,
5 *i«d S 4»i«d .
B roach F ine, L iv e r p o o l...........
4 'v .d
ted .
3 -r w d .
3 » * i.d
T tn n ereU y G o o d ..L iv e r p o o l.,
4 r i rA
* * ,, d .
3ri|*d3S f
t 3 T T h e im p o r ts in t o C o n t in e n t a l p o m th e p a st w e e k have
b e e n 2 1 ,0 0 0 b a l e s .
T h e a b o v e f i g u r e s i n d i c a t e a d w r e a s t i n t h e c o t t o n in s ig h s
t o - n i g h t o f 2 2 4 ,3 1 2 b a l e s a s c o m p a r e d w i t h t h e s a m e d a te
o f 1866, a f a l l i n g o f f o f 1 ,4 1 2 ,9 >9 b a l m f r o m t h e c o r r e s p o n d i n g
d a t e o f 1 865 a n d a d e c r e a s e o f 9 * 2 .7 2 2 b a b -s f r o m 1894.
A
t the
I n t e r i o r T o w n s t h e m o v e m e n t — t h a t is t h e r e c e ip t s
f o r t h e w e e k a n d s in e # S e p t e m b e r i , t h e s h i p m e n t s f o r th r
w e e k a n d th e s to c k s to -n ig h t,
and
th e
s a m e ite m s f o r th e
c o r r e s p o n d i n g p e r i o d o f 1 8 8 5 -9 6 —-is s e t o u t i n d e t a i l b e l o w .
Q u o t a t io n s
Tfcefc e n d in g
A u g . 13.
G a lv e s t o n . ,
N e w O rleans
M o b i l e .........
S a v a n n a h ..
C h a rle sto n ..
W ilm in g ton .
N o r fo lk ........
B o s t o n .........
B a ltim o r e ,..
P hiladelphia
A u g u s t a .....
M em phis___
St, L o u is ___
H o u s t o n ----C in cin n a ti..
L ou isville. -.
for
M id d l in g C o t t o n
at
O t h e r M a r k e t s .-
CLOSING QUOTATIONS FOB MIDDLING COTTON ONB atur.
M on.
T uet.
W ednes.
7*8
7 U ,a
<’ a
75
-*
7%
2*% e
7%
7%
73*
8
7 5g
j j *is
7%
7%
7%
8
8%
8
7-44
1%
S
f t
? 34
8
1%
m
8-4
8 >4
film
Zi!>a
8%
8
? 5 lfl
4
8%
3
S*
8 ’-*
91*
8 «
71bs
7 l3 l8
7%
8%
Sn
Ttm rs.
7%
75s
73*18
7%
7%
7%
7u e
7%
T 8
8
8 ’-4
84*
r
7<s,«
34*
84*
8%
71318
?£ *
rs
r
R
7 ilM
*T1B
S
T h e c lo s in g q u o t a t io n s t o -d a y (F r id a y ) a t o t h e r i m p o r t a r t
S o u th e rn m a rk e ts w e r e a s fo llo w s .
r%
7 4 N a s h v ille ..........
A th en s...............
8 b * i O aloialn u b M ise
A t la n t a .............
7=8
E u fa u la ....... 7 It N a t c h e r .............
7ks
C h a r lo tt e .........
3 ‘i
I L ittle R o c k ____
R a l e i g h .............
S.l*
C olu m b u s. G a .
7 % i M o n tg o m e r y ...
"7 -4 S h re v e p o rt........
? s J6
R e c e ip t s f r o m t h e P l a n t a t io n s .— T h e f o l l o w i n g t a b le
in d ic a te s th e a c t u a l m o v e m e n t e a c h w e e k f r o m t h e p la n t a t io n - .
l h e fig u r e s d o n o t in c lu d e o v e r la n d r e c e ip t s n o r S o u t h e r n
co n s u m p tio n : t h e y a r e s im p ly a s t a t e m e n t o f t h e w e e k ly
m o v e m e n t fro m th e p la n ta tio n s o f th a t p a rt o f th e c r o p w h ic h
I n a J ly r e a c h e s t h e m a r k e t t h r o u g h t h e o u t p o r t s ,
B scetgt* a t th e P arte, S t’ h a t In te rio r Ttmmt. K e e 'p t s jn m P la n t’ n t.
8 n 4 in # ~
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T h e a b o v e s t a t e m e n t s h o w s ; 1 .— T h a t t h e t o t a l r e c e i p t s
f r o m t h e p l a n t a t i o n s s i n c e S e p t . 1 ,1 8 9 6 , a r e 6 ,6 0 2 ,8 7 1 b a l e s : in
1895-90 w e r e 5 .2 7 0 ,0 3 5 b a l e s : in 180 4 -9 5 w e r e 7 ,8 5 0 ,9 5 5 b a le s .
2 ,— T h a t a lt h o u g h th e r e c e ip t s a t th e o u t p o r t s th e p a st w e e k
w e r e 7 ,3 9 6 b a l e s , t h e a c t u a l m o v e m e n t f r o m p la n ta t io n !-, w a s
o n l y 9 ,8 2 0 b a l e s , th e b a l a n c e b e i n g t a k e n f r o m t h e s t o c k ? a t
he in t e r io r t o w n s . L a st y e a r t h e r e c e ip t s fr o m t h e p la n t: t io o s
f o r t h e w e e k w e r e 16,027 b a l e s a n a
f o r 1 89 5 t h e y w . r e
— - b a le s .
O v e r l a n d M o v e m e n t f o r t h e W e e k a n d S i n c e S e p t , 1 ,—
W e g iv e b e lo w a s ta te m e n t s h o w in g t h e o v e r la n d m o v e m e n t
f o i t h e w e e k a n d s i n c e S e p t e m b e r 1. A s t h e r e t u r n s r e a c h u s
b y t e le g r a p h la te F r id a y n i g h t i t is im p o s s ib le t o e n t e r s o
la r g e l y i n t o d e t a i l a s i n o u r r e g u l a r m o n t h l y r e p o r t , b u t a ll
t n e p r in c ip a l m a t t e r s o f in t e r e s t a r e g i v e n . T h is w e e k ly
p u b l i c a t i o n is o f c o u r s e s u p p l e m e n t a r y t o t h e m o r e e x t e n d e d
m o n t h ly s ta t e m e n ts . T h e r e s u lt s f o r t h e w e e k e n d in g A u g . 18
a n d s in c e S e p t . 1 i n t h e la s t t w o y e a r s a r e a s f o l l o w s .
1 89 6 -9 7.
A u g u r t 13,
Week.
« r L o n i . ....................................
f lu C a ir o ...... . . . . . . . . . . . . . . . . .
Via P a r k e r . . . . . . . . . . . . . . . . . . . . .
Via E v a n s v ille ........ .....................
Via L o u is v ille ,..............................
Via C in cin n a ti...............................
Via o t h e r ro u te # , A c ....................
T o ta l g ro M o v e r la n d .............
rn .d u cttM p m .en ltO veriam ! to N. Y „ B o sto n , A c ,.
B etw een In te rio r t o w n # ,.............
In la n d , A c ., fr o m S o u th ...............
T otal t o be d e d u c t e d ...............
L e a vin g to ta l n e t o v e r la n d * ..
328
14«
150
'T o o
107
133
Since
S eri. 1
5 6 0 .66 5
2 7 3 ,07 9
23,2 37
2 .6 5 3
1 37 .01 0
151 ,10 0
117 ,46 3
1,018 1,265,807
189 5 -9 6.
Week.
075
77
112
105
70
Since
Sept. 1.
5 5 4 .1 2 8
2 4 5 ,3 0 5
19 9 65
1,681
138 .45 7
1 2 1 ,5 3 2
9 2 ,3 7 2
1 ,345 1 ,1 7 3 ,4 3 0
1,330
85
1,977
825.7C 5
5 .1 3 “
72,2 98
761
3,392
403,201
937
3 3 8 ,8 6 9
408
8 36 ,56 1
12,374
8 6 2 ,6 0 6
176
274,2 66
4 ,6 3 0
57,9 73
I Deduction# greater than overland.
T h e fo r e g o in g s h o w s t h a t th e w e e k ’ s n e t o v e r la n d m o v e m e n t
t h is y e a r h a s b e e n ------- b a l e s , a g a i n s t 108 b a l e s f o r t h e
w e e k In 1800, a n d t l i a t f o r t h e s e a s o n t o d a t e t h e a g g r e g a t e n> t
o v e r l a n d e x h i b i t s a n i n c r e a s e o v e r a y e a r a g o o f 2 6 ,0 4 5 b a l e s .
1896-97,
1895-96.
In S ight a n d S pin n er*’
T a k in g s .
F ee*.
Since
Sept. 1.
Wee*.
Since
Sept. 1.
R eceipts a t p ort# to A u g. 1 3 . . . . .
V et ove rla n d t o A n g. 1 3 ____ . . . . .
•Southern co n su m p tio n to A u g. 13
7 ,390 0,692,404
8 0 2 ,60 6
12.374
9 2 4 ,0 0 0
1 3,000
16,3 70 6 ,2 3 2 ,2 3 8
408
836,501
8 9 1 ,0 0 0
11,0 00
T o t a m a r k e t e d .............. .
in te rio r s to c k s In e x o n s # ___ _ . . .
13,022 8,470.03 0
130,530
2.424
27,7 78 6 ,9 5 9 .7 9 9
4 3 ,8 1 7
*313
20,4 46
27,4 35
Came In to sig h t d u rin g w e e k .
T otal in sig h t A ug. 1 3 .............
T h e a b o v e t o t a l s s h o w t h a t t h e in t e r io r s t o c k s have in c r e a s e d
l u r i n g t h e w e e k 2 ,4 2 4 b a l e s a n d a r e n o w 15,483 b a l e s l e s t
th a n a t s a m e p e r io d la st y e a r . T h e r e c e ip t s a t a ll t h e t o w n s
h a v e b e e n 3 ,1 7 ? b a l e s t e w t h a n s a u te w e e k l a s t y e a r a n d s i n c e
S e p t . l t h e y a r e 8 1 8 ,9 0 9 b a l e s m o r e t h a n f o r s a m e t i m e i n 1 8 9 5 -6 .
8 ,3 8 6,48 0
7 ,0 0 3 ,8 4 0
ft,9 3 2 1,752,694 11,9 50 1 ,0 3 1 ,2 9 2
N o rth 's spinner a ta k 'g # to A ug. 13
* D ecrea se durin g w eek.
i te a s th a n Sept. 1.
; D eduction# g re a te r th a n o v e rla n d .
I t w i l l b e s< e n b y th a b o v e t h a t t h e r e h a s c o m e i n t o s i g h t
d u r i n g t h e w e e k 2 4 ,4 1 0 b a l e s , a g a i n s t 2 7 ,4 8 5 b a l e s f o r t h e
s a m e w e e k o l 1 8 9 6 , a n d t h a t, t h e i n c r e a s e in a m o u n t in s i g h t
t o - n i g h t a s c m p a r e d w i t i l a s t y e a r is 1 ,3 8 5 ,8 8 4 b a l e s .
28K
T H E
[VOL. LXV.
C H R O N IC L E .
W e a t h e r R eports b y T r l e g k a p h . — R e p o r t s t o u s b y
t e le g r a p h t h is e v e n i n g f r o m t h e S o u t h in d i c a t e t h a t r a in h a s
f a l l e n in m o s t s e c t i o n s d u r i n g t h e w e e k a n d c o t t o n h a s b e e n
b e n e fite d th e r e b y .
In T e x a s , h o w e v e r , th e p r e c ip ita tio n
h a s , a s a r u l e , b e e n l i g h t , a n d m o r e m o i s t u r e is s a i d t o b e
n e e d e d in a n u m b e r o f d is t r ic t s .
P i c k i n g is p r o g r e s s i n g
r a p id ly in th e S o u t h w e s t a n d is g e t t i n g u n d e r w a y e ls e w h e r e .
G a l v e s t o n , T e x a s .— W e h a v e h a d l i g h t r a i n o n t w o d a y s
d u r in g th e w e e k , t h e r a in fa ll b e i n g s ix h u n d r e d t h s o f a n
i n c h . T h e t h e r m o m e t e r h a s r a n g e d f r o m 70 t o 9 7, a v e r a g
S a v a n n a h , G e o r g i a .— T h e w e e k ’s r a i n f a l l h a s b e e n e i g h t y n in e h u n d r e d t h s o f a n in c h o n fo u r d a y s . T h e t h e r m o m e te r
h a s a v e r a g e d 8 0 , t h e h i g h e s t b e i n g 9 4 a n d t h e l o w e s t 68.
A u g u s ta , G e o r g ia .— I t h a s r a in e d o n t w o d a y s d u r in g th e
w e e k , to th e e x t e n t o f fo u r in c h e s a n d e ig h t y -fo u r h u n
d red th s.
T h e t h e r m o m e t e r h a s a v e r a g e d 78, r a n g in g f r o m
66 t o 94.
S t a t e b u r g ,S o u t h C a r o l i n a . — I t h a s r a i n e d o n f o u r d a y s o f t h e
w e e k , t o th e e x t e n t o f o n e in c h a n d s ix te e n h u n d r e d t h s
T h e r a in w a s v e r y b e n e fic ia l t o c r o p s .
T h e th erm o m e te r
h a s a v e r a g e d 7 6 ’ 3, t h e h i g h e s t b e i n g 8 8 a n d t h e l o w e s t 6 3 .
W ils o n , N o r th C a r o l in a .— W e h a v e h a d r a in o n o n e d a y
d u r in g th e w e e k , to t h e e x t e n t o f fo r t y -t w o h u n d r e d th s o f
a n in c h .
T h e t h e r m o m e t e r h a s a v e r a g e d 79, r a n g in g f r o m
6 8 t o 88.
C h a r l e s t o n . S o u t h C a r o l i n a .— W e h a v e h a d r a i n o n s i x
d a y s d u r in g th e w e e k , w it h a p r e c ip it a t io n o f t w o in c h e s a n d
th ir ty -s ix h u n d re d th s .
T h e th e rm o m e te r h as ra n g e d fr o m
71 t o 8 9. a v e r a g i n g 80.
G reen w o o d , S o u th C a r o lin a .— T e le g r a m n o t r e c e iv e d .
T h e f o l l o w i n g s t a t e m e n t w e h a v e a ls o r e c e iv e d b y t e le g r a p h ,
s h o w in g t h e h e ig h t o f t h e r iv e r s a t th e p o in t s n a m e d a t
8 o ’c l o c k A u g u s t 12. 1 89 7 , a n d A u g u s t 13, 1896.
i n g 8 4.
P a l e s t i n e . T e x a s .— 1 h e r e h a s b e e n l i g h t r a i n o n o n e d a y o f
T
th e w e e k , th e r a in fa ll r e a c h in g fo u r h u n d r e d th s o f a n in c h .
R a i n is n e e d e d .
A v e r a g e t h e r m o m e t e r 8 4, h i g h e s t 9 8, l o w
e s t 70.
H u n t s v i l l e , T e x a s .— W e h a v e h a d r a i n o n o n e d a y d u r i n g
th e w e e k , th e p r e c ip it a t io n r e a c h in g t h ir t y -t h r e e h u n d r e d th s
o f a n in ch .
M o r e r a i n is n e e d e d . T h e t h e r m o m e t e r h a s
a v e r a g e d b7, t h e h i g h e s t b e i n g 102 a n d t h e l o w e s t 72.
D a l l a s , T e x a s .— W e h a v e h a d g o o d s h o w e r s o n t h r e e d a y s
o f th e p a st w e e k , th e r a in fa ll b e in g o n e in c h a n d th re e
h u n d r e d t h s . M ore r a in w o u ld b e b e n e fic ia l. T h e t h e r m o m
e t e r h a s a v e r a g e d 8 6 , r a n g i n g f r o m 70 t o 103.
o a re A n t o n i o , T e x u s . T h e r e h a s b e e n l i g h t r a i n o n o n e d a y
A u g . 12, '97. A u g . 13, ’96.
d u r in g th e w e e k , t o th e e x t e n t o f t w o h u n d re d th s o f a n in ch .
F eet.
Feet.
T h e d r o u g h t is s e v e r e .
New Orleans......
5*5
88
L u t i n g T e x a s .— W e h a v e h a d r a i n o n t w o d a y s d u r i n g t h e
Memphis............
11-1
20 7
w e e k , th e p r e c ip ita tio n b e in g n in e te e n h u n d re d th s o f a n
Nashville............
5-0
2-9
1-4
in c h .
M o r e r a in is n e e d e d
A v e r a g e t h e r m o m e t e r 8 7, h i g h 8hreveport......... ....... Above zero of gauge.
*13
Vicksburg........... ....... Above zero of gauge.
193
28 9
e s t 100, l o w e s t 74.
* Below zero of gauge.
C o l u m b i a . T e x a s .— W e h a v e h a d v e r y b e n e f i c i a l r a i n o n
J u t e B u t t s . B a g g i n g , & c .— J u t e b a g g i n g h a s b e e n in f a i r
o n e d a y o f th e w e e k , th e ra in fa ll b e in g o n e in c h a d tw e n t y d e m a n d th e p a st w e e s o u t p r ic e s a re u n c h a n g e d a t 5 % c . fo r
s i x h u n d r e d t h s . T h e t h e r m o m e t e r h a s a v e r a g e d 8 4, t h e
l b s ., 5 ^ c . f o r 2 lb s . a D d 6 % c . f o r s t a n d a r d g r a d e s .
C ar
h i g h e s t b e i n g 96 a n d t h e l o w e s t 71.
C u e r o . J e x a s .— T h e w e a t h e r h a s b e e n d r y a l l t h e w e e k a n d l o a d lo t s o l s t a n d a r d b r a n d s a r e q u o t e d a t 5 J ^ c . f o r 1 % l b s . ,
5 % r . f o r 2 lb s . a n
6 % c. fo r
lb s . f . o . b a t N e w Y o r k .
f a v o r a b l e f o r c o t t o n p i c k i n g , w h i c h is p r o g r e s s i n g r a p i d l y ,
b u t r a i n is n e e d e d . T h e t h e r m o m e t e r h a s a v e r a g e d 8 6 , J u . e b u t t s h a v e c o n t i n u e d q u i e t a t l c , f o r p a p e r q u a l i t y , l j ^ c .
r a n g i n g f r o m 75 t o 98.
f o r m i x i n g a n d l % c f o r s p i n n i n g c u t t i n g s , a ll t o a r r i v e .
B r e u h a m , T e x a s .— W e h a v e h a d g o o d s h o w e r s o n t h r e e S p i n n i n g c u i t i n g s o u t h e s p o t a r e q u o t e d a t l® £ c .
d a y s d u r in g th e w e e k to th e e x t e n t o f o n e in c h a n d th ir te e n
E x c h a n g e s .— T h e f o l l o w i n g e x o h a n g e s h a v e b e e n m a d e
h u n d r e d t h s . T h e r a in w a s v e r y b e n e fic ia l, b u t n o t a s g e n d u r in g th e w e e k :
e r a l a s n e e d e d . T h e t h e r m o m e t e r h a s r a n g e d f r o m 72 t o •07 pd. to exoli. 200 Nov. for Jan.
*50 pd. to excb. 500 Deo. for Aug
100 , a v e r a g i n g 86.
•04 pd. to exch. 1,700 Deo for Jan. ‘48 pd. to exch. 200 Jan. for Aug.
•45 pd. to exoli. 200 Oet. for Aug. •20 pd. to exoh. 100 Dec. for Sept.
H o u s t o n . T e x a s .— T h e r e h a v e b e e n g o o d s h o w e r s o n t h r e e
•04 ad. to exoh. 400 Dec. for Jan.
d a y s d u r in g th e w e e k , ju s t as n e e d e d .
T h e r a i n f a l l r e a c h e d *04 pd. to exch. 2 0 0 Deo. for Oet.
Even 700 Oet. for Jan.
•52 pd. to exoh. 100 Jan., for Aug
o n e i n c h a n d t h i r t y - f o u r h u n d r e d t h s . T h e t h e r m o m e t e r h a s •15 pd. to exch. Oo Oct. for Sept.
•01 pd. tojexch. 100 Oct. for Jau.
•18 pd. to exoli. 100 Dee. for May. •06 pd. to exoh. 2,000 Jan. f -r Moll.
a v e r a g e d 8 6 , t h e h i g h e s t b e i n g 98 a n d t h e l o w e s t 73.
•13 pd. to exch. 100 Jau. for Sept. -57 pd. to exoh. 100 Jan. for Aug.
•v e n t t o - r f o r d , T e x u s .— T h e r e h a s b e e n l i g h t r a i n o n t w o
•02 pil. to exoli. 100 Nov. for Deo. •02 pd. to exoh. 100 Nov. for Dec.
d a y s d u r i n g t h e w e e k t o t h e e x t e n t o f t h i r t y - t w o h u n d r e d t h s ■30 pd. to exch. 500 Sept, for Aug. 04 pd. to exoh. 500 Deo. for Jau.
o f a n in c h .
C o tto n n e e d s m o r e ra in .
T h e t h e r m o m e t e r h a s ■07 pd. to exch. 500 Jan for Mch
a v e r a g e d 8 6 , r a n g i n g f r o m 70 t o 103.
I n d i a C o t t o n M o v e m e n t F r o m a l l P o r t s .— T h e r e c e i p t
N e w O r le a n s . L o u i s i a n a .— W e h a v e h a d r a i n o n t w o d a y s a n d s h i p m e n t s o f c o t t o n a t B o m b a y h a v e b e e n a s f o l l o w s f o r
o f t h e w e e k , t h e r a i n f a l l r e a c h i n g o n e i n c h a n d t w e l v e h u n t h e w e e k a n d y e a r , b r i n g i n g t h e f i g u r e s d o w n t o A u g u s t 12.
d red th s.
A v e r a g e t h e r m o m e t e r 8 3.
BOM
BAY RBCEIPT8 AN SHIPM
D
ENTS FOR FOUR IK»n.
S h r e v e p o r t, L o u is ia n a .— T h e r e h a s b e e n r a in o n t h r e e d a y s
S hipm en ts th is w eek.
S h ip m en ts sin c e Sept.
o f t h e p a st w e e k , t h e p r e c ip it a t io n r e a c h in g s e v e n ty -o n e
R eceipts.
h u n d r e d t h s o f a n i n c h . T h e t h e r m o m e t e r lia s r a n g e d f r o m 72 Fear G reat C on ti
G reat
C on ti
This
S ince
Total. B rita in n en t.
Total.
BriVn. n en t.
t o 1 0 0 , a v e r a g i n g 85.
W eek. Sept. 1.
C o l u m b u s . M i s s i s s i p p i .— C r o p s a r e v e r y p r o m i s i n g . T h e r e
’96-7 ......
h a s b e e n ra in o n fiv e d a y s o f t h e w e e k , t o t h e e x t e n t o f fo u r
in c h e s a n d th re e h u n d re d th s . T h e th e rm o m e te r has a v e r
93-4 ....... 4,000
a g e d 8 3, t h e h i g h e s t b e i n g 105 a n d t h e l o w e s t 64.
L e l a n c l, M i s s i s s i p p i .— T h e w e e k ’s r a i n f a l l h a s b e e n o n e
Shipm ents f o r the w eek.
S hip m en ts s in c e Sept. 1.
in c h a n d fifty -tw o h u n d red th s,
fh e th e rm o m e te r a vera g ed
Great
C on ti
G reat
7 9 6, r a n g i n g f r o m 6 4 t o 94.
Total.
Total.
B rita in . n en t.
B rita in . C ontinent.
V i c k s b u r g , M i s s i s s i p p i.— T e l e g r a m n o t r e c e i v e d .
L i t t l e R o c k . A / k a n s s .— T h e r e h a s b e e n r a i n o n fi v e d a y s Calcutta—
j.396-97...
1,000
3,000
4,000
8,000
72,000
o f t h e p a st w e e k , t h e r a in fa ll r e a c h in g t h r e e in ch e s a n d
80,000
_
_
1895-96...
3,000
3,000
11,000
92,000 103,000
n i n e t y h u n d r e d t h s . A v e r a g e t h e r m o m e t e r 79, h i g h e s t 92
Madras—
l o w e s t 66.
.......
2,000
2,000
8,000
18,000
26.000
1,000
1*95-96..
H e l e n a , A r k a n s a s .— C r o p s l o o k f i n e ; w o r m s a r e s c a r c e .
1*000
11,000
9,000
20,000
All others—
T h ere h a v e b een sh o w e rs o n fo u r d a y s o f th e w eek , to th e
g896-97..
1,000
6,000
7,000
29,000 128,000 157.000
e x t e n t o f s e v e n t y -e ig h t h u n d r e d th s o f a n in c h .
T he th er
2,000
1895-96..
6,000
8,000
22.000 106,000 128,000
m o m e t e r h a s a v e r a g e d 75\5, t h e h i g h e s t b e i n g 86 a n d t h e
Total all—
l o w e s t 62.
1896-97.
2,000 11.000 13,000
45,000 218,000 263,000
M e m p h is , T e n n e s s e e — T h e r e h a s b e e n r a i n o n t w o d a y s
1895-96.
3,000
9.000 12,000
44,000 207,000 251,000
d u r in g th e w e e k , t o th e e x t e n t o f s ix ty -e ig h t h u n rd re d th s
EXPORTS TO EUROPE FROM A. INDIA.
o f a n in ch .
T h e t h e r m o m e t e r h a s a v e r a g e d 7 8 '2 . r a n g i n g
f r o m 6 6 t o 90 ’2 .
b 8
1896-97.
1895-96
1894-95.
S h ip m en ts
N a s h v il le , T e n n e s s e e .— R a i n h a s f a l l e n d u r i n g t h e w e e k t o
to a ll E u rop e
This
Since
This
Since
S in This
th e e x te n t o f on e in c h a n d fifty -th r e e h u n d re d th s. T he
fr o m —
week.
Sept. 1.
week.
Sept.
week.
Sept. 1.
t h e r m o m e t e r lia s r a n g e d f r o m 6 4 t o 8 9, a v e r a g i n g 76.
M o b i l e , A l a b a m a .— H e a v y r a i n s h a v e o c c u r r e d in m o s t
Bombay........
592.000
1,000 791.000 2.000 546.000
Allother ports 13,000 263.000 12,000 251.000 6,000 189.000
s e c t io n s th is w e e k .
C rop a c c o u n ts a re sp o tte d , good an d
b a d b e in g a b o u t e q u a lly d iv id e d .
W e h a v e h a d ra in h e re
Total.
13.000 855,000 13,000 1,042,000 8,000 735,000
o n f o u r d a y s o f t h e w e e k , t h e r a in f a ll r e a c h in g o n e in c h a n d
ALEXANDRIA RECEIPTS AND SHIPM
ENTS.
n in e ty h u n d re d th s .
A v e r a g e t h e r m o m e t e r 8 1, h i g h e s t 93
a n d l o w e s t 72.
A lex a n d ria , E gypt,
1896-97.
1895-96.
1894-95
M o n t g o m e r y . A l a b a m a .— T h e r e h a s b e e n r a i n o n f o u r d a v s
A u g u st l i .
o f th e w e e k , t o th e e x t e n t o f o n e in c h a n d s e v e n ty h u n
Receipts (oantars*)__
d r e d t h s . T h e t h e r m o m e t e r h a s a v e r a g e d 80, th e h ig h e s t b e
This week................
1,000
i n g 8 8 a n d t h e l o w e s t 72.
8inee Sept. 1............
5,793,000
5,205,000
4,538,000
S e l m a , A l a b a m a — W o r m s h a v e a p p e a r e d in t h e w e s t e r n
This
Since
This
S ince
This
Since
p o r tio n o f th e c o u n t y , b u t n o d a m a g e h a s r e s u lte d as v e t
w eek. Sept. 1. w eek. Sept. 1. w eek. 8ept. 1.
I t h a s r a in e d o n fo u r d a y s o f th e w e e k , th e p r e c ip ita tio n
r e a c h i n g o n e i n c h a n d t h i r t y - n i n e h u n d r e d t h s . T h e t h e r Exports (bales)—
To Liverpool
2,000 336.000 1,000 336.000
274.000
m o m e t e r h a s a v e r a g e d 8 0 , r a n g i n g f r o m 65 t o 92.
To Continent!.
9,000 399.000 5,000 338.000 3,000 350.000
M a d is o n F lo r id a — T h e r e h a s b e e n r a in o n t w o d a y s o f
Total Europe
11.000 735,000 6,000 674,000 3,000 624,000
t h e w e e k , th e p r e c ip it a t io n r e a c h in g t w o in c h e s a n d
* A eantarls 98 pounds.
h u n d red th s.
T h e t h e r m o m e t e r h a s r a n g e d f r o m 74 t o 95
I or which to Amerioa in 1396-97, 50.931 bales; in 1895-96, 59,108
a v e r a g in g 86.
’
1
.
’95-6
’94-5
32.000 560.000
i'ooo i'ooo 73.000 718.000
2,000 2,000 26.000 520.000
4.000 47,000 831.000
sixtv
bales: in 1894-95. 44,420 bales.
592.000
791.000
546.000
878.000
9.000 1.603.000
8.000 2.130.000
9.000 1.518.000
8.000 1.780.000
A l g d s t 14, 1897. J
TH E
C H R O N IC L E
287
g o o d ; Staple o p e n in g fr e e ly o n u p la n d s; first b a le o f n e w o o tto n
m arketed.
A l a b a m a .— Co tto n o p e n in g ra p id ly , p fo k in g sta rte d , and s e v e ra l
ilJ'.'t Im e - ,, -i : ■ ■ ■ 'i l c i it u ivi-,- k ; , msiii c ra n!c c,ntv ,1;d , 11 o f s h e d d in g ,
w M ch may b e c lu n k e d b y fa ir ly gen eral ram s o f last fe w d ays.
M i*.Hi**u*pL - W eath er gens rally fa v o r a b le ; slig h t iooat d a m a g e b y
h ea vy r a w s and w ind : c o tto n o p e n in g fa st and p ick in g b e co m in g
m ore gen era l, te w re p o rts o f sh e d d in g , ru st and w o r m s ; first, b aies o f
1896.
1897.
ootton b rin g re ce iv e d a d m arketed
L m iraivx.*.— H ot, d r y w eek , w iili o n ly sca ttered s h o w e rs ; cr o p s
8 % 16*. Shirt- OotPr.
3 ’-a lbs. Shirt- Ootl’ n
n - ed rain o v e r g re a te r p o rtio n o f S ta te ; c o tto n b e in g in ju red b y la ck
3 2 s Oop. inns, com m on Slid. 3 2 s Oop, in y s, com m on ilid .
o f ruins, i lik in g b e co m in g m o re g e n e ra l; s om e sh ed d in g a n d ru st
Twist.
Twist.
V plds
to fin e st.
to fin e st.
Uptd
n o rth , but o ro p g >od south.
T a x vs.—1 o m in u o u s d ro u g h t, w ith high tem p eratu res, in ju rin g a gris. d .
s. d .
d.
d.
d.
8. dd.
d. 8. ll
cu lt, tr >! in terests in »U p o r t io n s ; co tto n v e r y irre g u la r in size a n d
4 4 9 6 8*s 4
* 7 % 4 l h i ® 6 7H i?Ia 6 3 ,e ® 7 %
J u ly 9
..............ing
rh w ell
too torn iand, bur. sutteiiug
6 ; ie n c ■'!* 1 3 * 8 7
357.1 o........ . cm n piand; pi -nt- f d s S toppedrm r o w in g g en era lly an d Is s h e d seri
« IS 8 % ® 7 % 4 2 « 6 7 % T*f
u sly
ha
g
d in g
6 > ta if6 is,a 4 3 » 6 7
325 . 2
“ 23 f 1!* * X I lr 1 3 * 8 7h»
32% a laav. s, form s an d holla, and o v e r southern p or ion b o lls o p e n in g pre6 H » 7 » l6 4 3 % * 6 8
4*s
“ 30 6 .1 S ® 7 tls 4 2 » 6 8
m a tu r e ly : pivkii z p ro g re ssin g ra p id ly o v e r southern an d ce n tr a l por4 4hs*6 9
6hi * 7 i , « 4 i t s ® 6 8
4 V*
I»33 o m -A T H
lio s an t c r o p co m m e n ce d o p e n in g o v u n o r ih ir o p oriion .
4732 ffl li e 775s 4 6 9 6 10% 41S3o
6 7!5 » 7 'l 6 4 2 > e » 6 8
A r k a n s a s ,—G w d m in s fe l in m o st p o rtio n s o f S tate, th o u g h aom e
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 h a v e r e c e i v e d t h i s lo c a i ii W r> (reived n o n e ; w li-r e no rain fe ll a ll cr o p s a re so S e e in g ;
ootton has Im p ro v e d g e n e ra 1It and p ro m ise s a fa ir o ro p , e x c e p t in
F r i d a y ) e v e n i n g b y t e l e g r a p h f r o m t h e v a r i o u s p o r t s t h e lo ca litie s on u p la n d , w h ere s h e d d in g c o n tin u e s; c o t t o n o p e u io g aud
first, bales ns n t r e n d ; co tto n w orm s r e p o rte d in J e ffe rso n C o u n ty , b u t
d e ta ils o f t h e S e a I s la n d c o t t o n m o v e m e n t f o r t h e w e e k .
The
r e c e i p t s f o r t h e w e e k e n d i n g t o - n i g h t ( A u g . 13} a n c s i n e e n o d m age yet.
T k n m ; s - e k .—G o o d ruins iu ea stern an d m id d le se ctio n s, w ith h ig h
S e p t . 1 ,1 8 9 6 , t h e s t o c k s t o - n i g b t , a n d t h e s a m e i t e m s i o i t h e tem perature, p rom oted g r o w th , but m ore rain need ed in ce n tra l b asin
■ c o r r e s p o n d in g p e r i o d s o f 1 8 9 5 -9 6 , a r e a s f o l l o w s .
to d e v e lo p c » r o and o th e r cr o p s ; in sou th ern c o u n tie s o f w estern aeot io « d rou g h t, w ith c X '.u --iv e h ea t, D b e e intng ru in ous, som e c r o p s
b e y o n d re c o v e ry and ,-ott o s h e d d in g squ ares ra p ld lj an d y o u n g b olls
SlOCk
1 89 6 -9 7.
189 5 -9 6.
o p e n in g p re m a tu re ly; e lsew h ere e ru o g o . d.
R eceip ts to A up. 13.
O k l a b o r * .—Dry w e a th e r has ca u sed ea rly o o tto n to shed in s om e
TAu
Since
This i Since
cou n ties o f m o t hern i i il n n , b u t g e n e ra lly tile c r o p is in d u e co n d i
w eek . Sept, 1. w eek. S ept. t . 1897. 1816
tion , plants h -a v ily laden w ith b o d s, w h ich h a v e b e g in to op-»n.
M tssottkt
D ro u g h t co n tin u e s in s om e sou th w estern a n d in a fe w
15 8 3,9 17
7 7 7.2 03 6,639 2 ,! 65
S av a n n a h
.................. .
5. 1 0,4 02
1 10,664
S63
647 ea stern and n orth ern c ,u n t ie s ; e lse w h e re g o o d sh ow ers; o o tto n d o in g
C h a rleston , A c ............... ..
well.
....
6.733
4,783
131
F lo rid a , A c ........... ..............
405
T hese re p o rt* a re su m m a rized a* fo llo w s ;
E x ce p t o v e r p o t t t o u a e l N orth C arolin a, F lo rid a , T en n essee. A rk a n
8 9 2 ,6 5 0 7 ,6 3 2 3,217
2 0 1 0 1 ,0 5 3
T o t a l........................... —
sas, 511-smirl and O k la h om a , w h ere co tto n has m ad e fa ir p ro g re ss , th e
Om npl tim e o f gilfldT h e e x p o r t s f o r t h e w e a k e n d i n g t h i s e v e n i n g r e a c h a t o t a l post w eek has not been fa v o r a b le to tilts staple
d ln v are g en era l o v e r th e sou th ern p ortion o f the b elt, w h ile w orm s
0 f .— h a le s , o f w h i c h —
b a le s w e r e t o G r e a t B r ita in , —
ami rn*t ar<* rep orted ftwin sonic section s. In T exas. L ou isia n a an d
to F ra n ce and —
to R e v il. a n d th e a m o u n t fo rw a r d e d
A i kantaa c o t t o n on u p la o d s is su fierin g s e rio u sly fro m d ro u g h t. P ick
ing is b,-c o m in g ge n e ra l o v e r s utile u and antral northing o f ih o o o tt o N o r th e r n m ills haa b e e n 165 b a le s .
B e lo w a r e t h e e x p o r ts
ton M-gioo a d fir s t bale* w ere m At killed d u rin g th e W eek in A la b a m a ,
f o r t h e w e e k a n d s i n c e S e p t e m b e r 1 i n 1 8 9 6 -9 7 a n d 1 8 9 5 -9 6 .
M isolfSippi, A rk a n sas anil F lorid a .
M anchester
M a r s s t .— O u r r e p o r t r e c e i v e d b y c a b l e
t o - n i g h t f r o m M a n c h e s t e r s t a t e s t h a t t h e m a r k e t is s t - a l f
f o r b o t h y a rn s a n d m ir tr o g s , in c o n s e q u e n c e o f L iv e r p jJ l
new s
<•?* g i v e t h e p r i c e s f r t o - d a y b e l o - v a m l e a v e t a o s e
f o r p r e v io u s w e e k s o f t h is a n d la s t r e a r f o r c o m p a r is o n .
S t a t e W e e k l y C o t t o n R e p o r t s .— 'W e g i v e b e l o w s u m
m a r ie s o f t h e r e p o r t s f o r t h e w e e k e n d i n g A u g u s t 9 is s u e d b y
O rta ! Tr>ntc\
i Sine
S r t o I F r’ n e t
t h e v a r i us S t n t a u n d e r t h e a u s p i c e s o f t h e W e a t h e r B u r e a u
Total. B ril'n ! 4 c .
T otat- Week. Sept.1
B rii’n .
4c.
o f th e U n ite d S ta te s D e p a r t m e n t o f A g r ic u lt u r e s o fa r a s
......... 15.0291 3 ,1 7 6 18.204,
165 30.539 t h e y a p p l y t o c o t t o n .
S*vana*b. A c
..........| 2 ,9 3 3 , ........... 2 ,9 3 3, ........... 2 ,2 5 6
c t ifir a o
Vi8<H.viA.--R*-pnrt* f o r th « p a st w eek in d ica te a gen eral tiood o f rain
.........
......... 6,733 h ml a p o o r c r o p g r o w th o v e r th o t lb o w a ta r o u a n ite * . b u t ooa iston & l
F lo rid a , * o .
......... 11,793 7 ,3 0 5 19,158. ....................
N e w Y o r k ..
ih o w c r* in tile M iddle an d (Treat V a lle y ooun tius h a v e Im p ro ve d ail
......... 13,840 . . . . . . 1 3 .8 4 0 .................... .
B o s t o n ____
crop*, e s p e c ia lly o o tto n .
......... 3,8371
102 3 A 2 9
? h U * ., A c ..
N o r t h C a r o l in a .—’T he w e e k w a* warm a n d general!}* d ry up to th e
6 t h ,a ft e r w h ich fin « rain* fe ll o v r the e n tire S lu ts. wl*h » d folded
4 7 ,4 2 1 ,7 0 ,8 4 3
1 05,39,528 f ill to tem perature, file ra in fa ll was g r e a te s t o v e r tun s o u th e rn h a lf
T o t a l. . . . .
o f the » iu *h, a v e ra g in g anout 1*515 to e b e v . S o m s d * m i n «r«» osAa-nt b y
3 3 0 4 2 .3 5 0 7 ,3 7 2
......... 4 0,0 90 th e d rought o v e r lim ited ~-att"U *. b u t o n ip * a re n o w revtvsd an d d o in g
130
T o t a l 1 895-6
T h e A tM ic tJ L T C R A L D e p a r t m e n t ' s A c g c s t R e p o r t . — T h e very well C o tio n i* v ery h e a v ily fru ited ; s o m e b o ils a re o p e n in R ich
m ond C un ty.
fo llo w i t g s ta t -m e n t, s h o w in g th e c o n d itio n o f c o tto n , w a s
H l t h I! a * « H * a .—The first o f tlia w eek w a i t o o h o t a n d d r y f o r
o
c o tto n , w h ich hwt e o u d itin o , dite to e x iSMlVS s h e d d in g o f loa ves,
t e u e d b y t h e D e p a r t m e n t o f A g r i c u l t u r e o n A u g . 10 ;
«q u »rs », and in a fe w lisA'ikui'UA o f voting b ills . Pro u >tu
o m n iu s
T h e return* fa r co tto n » » th e D ep a rtm en t o f A trrlcaiture tndt<*»te an
a v e ra g e uonniltiott o f 8 6 9 on A e g . 1 « * co m p a re d s n il 8 - 0 on J u ly » * « also r e p o t t e d » h a t till* w a s largely oheok ed b y m « tim ely rains
and < olar. c lo u d y vn a ih o r
-t
I’ t.-kiug ha s n,:,gu a c t iv e ly tu tn e e x
I , an S e r * » * e o f v (oe- ten th * Of oh e p o in t. T h e uverA*wODOdlti»B Ang
trem e e s s ie r o c o n , U *«. b u t w ll n o t b e gen era l o v e r tii-i Scat • f o r
1, 1 6 9 6 , w a s 8 0 -1 , an d th e a v e ra g e e on d ttiv n o n A u g , 1 fo r th e last
M»tn« tim e to c o m e
in E d g e fie ld C ounty b xick s p o ts n a v e ippnared.
te n yea r* 1* ie -1 .
o n the holt*, ti ty in g the a p p e a ra n ce o f ro t and iff,so lu z the u n t aud
T h e n h a - been * d r eld ed im p r o v e m e n t in G e o r g ia , N orth C arolin a j seed*. Tim disease la new • > h er-rai >n. n od in ns yet, not v try p rev a
a n d S o n in t 'o r r H n a . w h ere ih e co n d itio n * b « v * o i i w e - i ten. - w o 1 lent. There, are m a n y rep ort* o ' o s s n * » i r « “ weed** w ith ou t • a o rrsa n d » l * T>o*w»*
In: th e lo w e r
Y s r tiv the im -1 n p o iid in g p r o p o r ilo a o l fra it, w h ile -o t * u c o it e u U g e n e ra lly n a a y lly
p r o v e m e n l Is m u ch le*» m a r k e t, ami In T e x a s th e n la a d e clin e o f b n
friilicii,
p o t o W, The average*, o f th e M a te* a r e m foil *w- ■ V irg in **.» » ; N orth
<s> ■ikoea.—D u rin g *h« p a st se v e n da y* th e gen era l w ea th er oon d lU on s
C a ro lin a , it ; s o u t h C a rolin a , 9 2 ; (te o r g la , o f ; F lorid *. 8 ? : Alabama,,
hnvo i,~ n less f v o r a h 'o to fa n n ers. T h e te m u e ra tu re an d «u n *h lu e
88| M ississip p i, 8ft; 1 o u M a n a . 9 < : T e x a s , 7 - : A tk*h*i>», i(T; ream;-*- w ere iitiov., uorm t . a tide the ntiiim t o f raiur'i 1 w n s ta tll, nud as a
M e , M : M b .- i o i f h e f ; I n d D n T e rr ito ry . 9 4 ; O k la h om a , 86.
con * q u eu co th- e ffect* o n c r o p - w ere so m n w h e t d e trim e n ta l O otton
m i l G i n y g o o d , i.'ii h a - m a d " b u t lu t e im p rovem en t, aud in som a
section * h o* r e c e iv e d a d eebted s e t b a c k T h ere i* sonss ru st on pine
189(4.
1897.
1804.
land 001100- T h e twits a m o p e n in g p.M ni«tiiraty i , a g o o d t» »oV io o a la
%
■
States.
H ies. T ie a lu g h a s co a m ici-ce t! in so m e o f th e sou th eru e o u n iie s an d
Z , a*
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8
4
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s
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F t o i t i i o . .. A n i
o f h ea t, w ith g e n e ra lly m o d e ra te s h o w e rs ,
*% .
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ch a ra cte rise d th e w ee*. C o tto n sh ed d in g, th ou g h on the Who e th e
m
8?
m
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6" HO
V irgin ia ..
91
hi
96 cr o p w g o o d ; first ba n o f new c o t t o n m a r k e t e d ; sta p le o p e n in g
90 97 mt i m
N o.
m
61
m
81
84
74
a
91
freely on n p ia . d*.
97 m
So. f nn.U n* .97 m
8*
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m
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81
m
A L a b a M i .—Tem p era tu re* eon tin n ed q u it e h ig h w ith a m o le sanshlna
g$
95 94 02 m
76
71
>5 o v e r tin*
94 **»
8»
lion d u rin g the v e i l , ' part o f 111, week and Drops w ere
80
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m
» : : : :
88
m
93 p -c m a tu r e i, a d v a n ce d t h e r c b y .h u t co o te r w ea th er With f i l r l y gen era l
IK
9*Z 0*2 03
SB
88
AhiXmmn. . . .
85 s - io n
m
95
m
fit rains d u rin g th e la st t w o day * w ere b e n e ficia l, to th e a o n o ,r o p or83
Hi
88
37
BB 104 n «
m
M ississippi.
lh
M3 91
79 m
8** 9 7
I for, o f the S t i f f cro p * .re re o f ted » * to ex cm L o y a lly prom ts n s c o n
7 1 9 5 04 9 6 d ition. C otton i- h avl y (ra tte d , b u t in c -n tr a l anil s o u 'b e a o d o n
m I'M
7i> -ft
90
L o u isia n *. 5
m
77?s
&’
69
90
15 tic* th ere is a gen era l con ten tin', o f Shed tin g and p rin t** ire o p e d ig
80
il l
T exn s.. . . .
79
70
71
m
m
m
m
90 i n
m
9?
A tk a x p tm
80 9 ‘
m
Dt
08
a n d s o t t e lU t I n r ii.it ; pb k ing h is sta rtcil l o th e sou th ern t u l f o f tbs
78
T v n n ..c « ,.
77
8P 97
if)
BO 94 119 107
73 94 S t a t e and s e v e ra l " f ir s t " bain* h a v e Item a lre a d y (u-irkated.
92
9 9 95 . Kft 1
n
96
M issou ri. ,.
%0
Ofl 81
80 . . .
86
M ississii-pi —W eath er g e n e ra lly fa v o ra b le . C otton o p e n in g fa st and
O k la h o m a .
71 m
81
93 p iek tog h eco u iin g m o re gen era l. i*ir*t bales eortoii b e in g re c e iv e ,! an d
92
1 9 ...
100
96
In d ia n T e r .. 85
93
m ark eted. F ew rep ort* o f *li dditig, ru st an d w orm s.
<.
XhVteiA itA —S o m e e tfo n i , reimrhMl o p e u io g o reoia tu rft!v b y reaston
A v e r a g e .. 8 3 5
97 -2 S i *0*1 91 -Os82*3 7 7 -P 89*3 SO-fi !U*8 o f the h o t and d ry w ea th er, » o d s o m e da m a ge fro m s h e d d in g and rnat
h i , a lre a d y been sustained by th e o ro p o v e r the d rou gh p o rtio n o f
T h e A u g u s t 1 st a v e r a g e s in e a r l i e r y e a r s f o r a l l t h e S t a t e s N orth L onbdana, In tlie sou th ern p a rish es tU eu rop i* im ioh b atter,
good yie ld * bein g e x p e c te d
P ick in g o f th e sta p le w ill be f airly g e n
w e r e , a c c o r d in g so th e A g r ic u ltu r a l I)a p a r tm e n t, as fo llo w s :
80*4 in 1893; « 2 A in 1892; 88 y m 1 89 1 ; 89*5 in 1890; 89*3 in eral d u rin g the cu rre n t w eek. T he o ro p on io w la u d * tu north
Louisiana is g e n e ra lly uitioh b e tte r than on hill D nd*.
1 8 8 8 ; 87*3 in 1888: 93*3 in 1 8 8 7 ; 81*3 in 1836 a n d 96*5 in 1 88 5 ,
T b x a s .—I’oiiH nuous d ro u g h t w ith high tem p eratu res in ju iin g agrlcn H "ra l in terests m a), p ortions. C o tto n vary lrro g u l* r in «iza an d
G o v e r n m e n t W e e k l y C o t t o n R e p o r t , — M r. W . L , M o o r e , con d itio n ; c r o p d o in g fa ir ly w e ll o i h o tte m la u d s, But su fferin g je t i C h i e f o f t h e W e a t h e r B u r e a u o f t l w A g r i c u l t u r a l D e p a r t m e n t , o n s ly o n u p la n d s: plant, sto p p e d g r o w in g gen era lly n od sh ea d in g
leaves, fo rm * and boll*, and o v e r *ou th ern portion hulls o p e n in g preinam a d e p u b lic o n T u esd a y th e fo llo w in g t e le g r a p h ic re p o rts o n
turnly; p ick in g priigresaing ra p id ly o v e r southern a n d ce n tra l p ortion s,
t h e c r o p in t h e S o u t h e r n S t a t e s f o r t h e w e e k e n d i n g A u g , 9 :
and c r o p c o m m -n o -d o p e n in g o v e r north ern portion.
V iR O tsiA .—T h e p in t w eek v a « t o o d ry In tid e w a te r co u n t ie s : in th e
TgxsKssv.K —G ood ra in s fe ll g e n e ra lly th ro u g h o u t th e E iste ra and
■middle >nd g rea t v a lley coim tie* sh o w e rs h a v e im p ro v e d all c r o p s : M iddle -notions d u rin g th e w eek , and, fo llo w in g t in w arm son-ditue,
rain and hail n o r m a on lh « 5 th caused o o o e M e r a b le d a m a g e to c o l Ism. quite an im p etu s was giv en to the g r o w th o f y o u n g o rop *. and i l n deNo r t h < a a o t n iA .— so m e d a m a ge b y d rou g h t, hu t all c r o p s reD eabnd
v e lo p m o u tn r » h » o j m orn a d v a n ce d to w a rd m a tu rity , f n the C entral
and im p rov e,! b y rains at end o f w e e k : on iton flow, v e r y h e a v ily
Busin o f th. M iddle S ection T lte tain s w ere m o re o f a ion * o h i r utter,
nod, n« a re m it, the e nro still s om e looallU e* th a t h a ve nit been
fru ite d , *om e s h ed d in g, h o t p lan ts free from d isea se an d in sects, fe w
b olls o p e n in g in e x t r e m e sou th ern p o t i o n .
blessed w ith snfiieient m oistu re, b u t th ere has b een a gr* it i u p rov eUo c t ii *:» s o i l A.— F irst o f w eek t o o h ot an d d ry fo r c o tto n , ca u s in g
m enc in co n d itio n * , e e rie all o v e r th e S tate, eveept. iu the so u tlie ra
e x c e s s iv e sh ed d in g, la tte r p o rtio n fa v o ra b le , p ick in g b egun in cast, tie r o f cou n ties, r s p r e U ily those o f the w estern se o tl *n, w h ere the
ftevern d rou g h t v o ,,'.Itlue, iinlirckm i, an d co m b in e d With c o o iu t e o s e
p ettier,,
( .• o r o u
K t e c —i> • heat g a d d ry w ea th er first h a lf o f w eek injnrlheat o f the w o -k Im * bSnom e p o «itiv o ly ru in ous, and to m e cr o p s are
eotte bnvond redainp, ion. C o tio n lit this region i* sh ed d in g sq t w o s
0 8 * PitUi * fOSs espeet •ily O'utori, tMusihg ft to sh ed form s an d y o D ig
teal tuily. nod y o u n g b oils a re o o t o i ig prom itu roly; iu o th e r po.-Moas
fru it:
: im)
o f this *“ ctio n , and in tin* m id d le se ctio n , the o ro p i* ta fair o o o d iclo n
FLttRrtoa.—E x c e s s o f h ea t, w ith goiiB failf m m lw a te sh ow ers, oh ir veterf?*"; w e e k ; •••ttoti s h O d d io g ,}th o u g h ' o a th e w h ole th e c r o p 10 and re p o rte d fru itin g w ell.
J T «« I n d i a § .1 up. 13. Since Sept. 1 ,1 8 9 6 . 'N orth '* St, s.
iSnporll
m
m
..
!i
1
IS
T H E
*88
A kkakfas.—Though abundant rains have fallen in most localities
yet tlif re art* some where very little has fallen and whore it is much
needed. Cotton ha-* improved generally, though tome shedding is still
reported on the uplands. Cott n w. rms reported Id Jefferson County,
but have done no damage as yet. Cotton is fruiting well and opening,
two tales ha^ iDg been marketed at Hope during the week, the lirst 01
the season
Oklahoma and I ndian Territory.—Cotton throughout old Okla
homa, the eastern and western sections, is in the very best condition.
The stalks are large ard well branched and heavily ladened with bolls
from top to bottom. The first bolls formed ate alreadv opening and
the outlook is flatteiing for a large orop. No boll worms have yet ap
peared, nor has any eh*dding-been reported. Iu the southern section
the early cotton In many places Is reported not to have done so well
during the past week, having been almost at a standstill, or showing
but little growth. Some shedding Is also ieported, and fears are enter
tained that much more will shed.
„
Mibsoi Hi. -Cotton Is reported doing finely iu Stoddard and Pemisoot
Counties.
E u r o p e a n C o t t o n C o n s u m p t i o n t o A u g u s t 1 .— W e h a v e
r e c e i v e d t o - d a y ( F r i d a y ) b y c a b l e M r. E ll i s o n 's fi g u r e s b r o u g h t
d o w n t o A u g u s t 1. W e h a v e a ls o r e c e i v e d t h e r e v i s e d t o t a ls
f o r la s t y e a r a n d g i v e t h e m f o r c o m p a r i s o n .
T h e s p in n e r s ’
t a k in g s in a c t u a l b a le s a n d p o u n d s h a v e b e e n as f o llo w s :
October
1 to A ug. 1.
C ontinent.
Great B rita in .
L iver poo l .— B y c a b l e f r o m L i v e r p o o l w e h a v e t h e f o l l o w
i n g s t a t e m e n t o f t h e w e e k ’s s a le s , s t o c k s , & c ., a t t h a t p o r t .
J u ly
Sales of the week......... bales.
Of which exporters took...
Of which speculators took.
Forwarded.............................
Total stock—Estimated.........
Of which American—
Estm’d
Total import of the week___
Of which American............
Spot.
F u tu res.
F o r 1895 -96.
Market, (
6,527,00
2,855,000
3.672,000
Takings by spiuners...bales
1:45 P. M (
.
497
471
482-5
Average weight o f balea.lbs.
Takings In pounds...... ....... . 1,419.218.000 1,729,775,000 3,148,993,0 0 Market, }
4. P. M )
.
A c c o r d i n g t o t h e a b o v e , t h e a v e r a g e w e ig h t o f t h e d e liv e r ! * s
in G r e a t B r it a in is 493 p o u n d s p e r b a l e t h i s s e a s o n , a g a i n s t
497 p o u n d s d u r i n g t h e s a m e t i m e la s t s e a s o n . T h e O o a cm e tD a l
d e l iv e r i e s a v e r a g e 477 p o u n d s , a g a i n s t 471 p o u n d s la s t y e a r ,
a n d fo r th e w h o le o f
E u r o p e t h e d e l iv e r i e s a v e r a g e 485■7
p o u n d s p e r b a l e a g a i n s t 4 8 3 '5 p o u n d s la s t s e a s o n .
Our
d i s p a t c h a ls o g i v e s t h e f u l l m o v e m e n t f o r t h i s y e a r a n i lat t
year in bales o f 500 p o u n d s .
1896-97.
Great
B ritain
1895-96.
C onti
nent.
Total.
Great
B ritain
C onti
nent.
24,
Spinners’ stock Oot. 1
Takings to Aug. 1__ 2,824
277.
3,832
301
6,656
67
2,838
602
535
3,460 6,298
Supply..................... 2.818.
Oonsumpt’n,43 week* 2,731.
4,109.
3,526,
6,957
6,257
2,905
2,752,
3,995 6.900.
3,432 6.184
583
700
153
Spinners’ stock Aug. 1
117,
563.
T o t.
716
In October............ 64,0
146,0 64.0
82,0
79,0 143,0
In November......... 64,0
146, > 64,0
79,0 143 0
82 0
In Deoember......... 64,0
82,0
146,0
64,0
79,0 143,0
In January............ 64,0
82,0
146,0 64,0
79,0 143,0
In February........... 64,0
82.0
143,0 64,0
80,0 144,0
In March............... 64.0
146,0 -64,0
80,0 144,0
82,0
In April.................. 64,0
146,0 64,0
82,0
80,0 144,0
In May................... 64,0
82,0
146,0 64,0
81,0 115,0
In June.................. *64,0
82,0
146,0 64,0
81,0 145,0
In July.................. 64.0
82,0
64.0
81,0 145,0
14 V>
•Aver ge weekly consumption is as given oy dr. Blilson; deduoiion
from mouth’s total bsiug made on account of holidays.
Bhipping N e w s . — T h e e x p o r t s o f c o t t o n f r o m t h e U n i t e d
S ta te s th e p a st w e e k , as p e r la tes t m a il re tu r n s , h a v e re a ch e d
3 ,1 9 5 b a l e s . S o f a r a s t h e S o u t h e r n p o r t s a r e c o n c e r n e d t h e s e
a r e t h e s a m e e x p o r t s r e p o r t e d b y t e l e g r a p h a n d p u b l i s h e d in
t h e C hronicle l a s t F r i d a y .
W ith reg a rd to N ew Y ork w e
i n c l u d e t h e m a n i fe s t s o f a l l v e s s e ls c l e a r e d u p t o T h u r s d a y
Total
C o tto n fr e ig h ts
as fo llo w s .
........ .
at
N ew
B atur.
Y ork
M on.
th e
Tues.
28
400
2
401
200
gig
668
138
5 o
ioo
300
3,195
p a st w e e k h a v e been
Wednes.
Thurs.
Fri.
Liverpool,asked.<.
1
12*
121
12t
12t
12t
121
Havre................ e.
301- 30®35t 30985f 30»35t 309351 30®35t
Bremen............. d.
21*
24t
241
241
24*
24*
Hamburg.......... d.
241
251
251
25*
251
25*
Amsterdam....... e.
35)
351
35t
351
35t
35*
Beval, v. Hamb..d.
40t
361
401
40*
401
40t
13M
Do v. Hull.-.d.
33*
13e<
1364
1384
13s«
Rotterdam....... d.
351
301
35*
35t
35t
35*
Genoa............... d.
251
24*
251
25t
25*
25*
Trieste...............d. 28330*
301
30*
301
30t
30!
Antwerp............d.
*8
532
S
33
532
B
ss
5S
3
5„„
Ghent.v. Antw'p.rf.
8i «
V
3i«
Cents net per ICO lbs.
J u ly 30 .
Aug.
6.
Aug.
13.
47.000
55,000
3,300
4,700
1,400
600
42.000
48,000
12.000
8,000
45.000
52,000
670.000 616,000
554.000 502,000
11,000,
5,000
7.000
1,000
11.000
10,000
6.000
6,000
M on d a y. T uesday. W ed'day. Thursday F rid a y .
In buyers'
favor.
Quiet.
Easier.
4982
8,000
1,000
4932
10,000
1,500
4"32
8,000
500
4?3 2
8,009
500
Steady at Quiet at
at Dart'lly 1-H (3 2-64
4 >
1-64 adv. decline.
Quiet.
Easy at Easy at Weak at
partially 1 64,u 2-64 1-64 de
L0 1 dec. decline.
cline.
Quiet but Quiet but
steady.
steady.
Quiet.
4°ie
7,000
500
4932
10,000
1,000
Quiet.
Quiet.
Steady.
Steady.
T h e p r ic e s o f fu tu r e s a t L iv e r p o o l f o r e a ch d a y a re g iv e n
b e lo w . P r i c e s a r e o n t h e b a s is o f U p la n d s , L o w M i d d l in g
c la u s e , u n le s s o t h e r w is e s t a t e d .
A u g . 7 to
A u g . 13.
August.......
Aug.-Sept...
Sept.-Oct. ..
Oot.-Nov_
_
Nov.-Dee__
Deo.-Jan__
Jan.-Feb__
Feb.-Mch....
Mch.-April..
4pril-May...
May-J une...
June-July...
W eekly C onsum ption,
00s omitted.
New York—To Liverpool, per steamer Nomadlo, 2 8 .......___
To Hull, rer steamer Buffalo, 400 .......................................
To Manchester, net steamer Flaxman, 2 ............................
To Havre, per steamer La Champagne, 401.........................
To Bremen, per steamer Bremen. 2 0 0
_ .................
■ To Genoa, per steameis Erne. 568 .. Pocasset, 350 ...........
New Orleans To Liverpool, per steamer Astronomer, 668
To Hamburg, per steamer Markomannla, 138....................
To Antwerp, per steamer Cayo Romano, 50. ......................
Nobfoi k - T o Hamburg, per steamer Ounla, 100.................... *
P hiladelphia—To Liverpool, per steamer Indiana, 300 ....... 1
Sat. d a y.
Market, )
In buyers’
1:45 p . m. C Harden’g. favor.
Total.
23.
60.000
56,000
5,600,
2,900
600
1,800
54.000
51,000
11,000,
11,000
53.000
51,000
774.000 721,000
653.000 604,000
5,000
9,000
2,000|
5,000
21.000
19,000
14.0001 12,000
T h e to n e o f t h e L iv e r p o o l m a r k e t f o r s p o 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 u g . Id a n d th e d a ily c lo s in g
p r ic e s o f s p o t c o t t o n , h a v e b e e n a s fo llo w s .
F or 1896-97.
Mid. Upl’ds.
6,852,00.
2,835,000
4,017,000
Takings by spinners...bales
477
485 7 Spec. & exp.
198
Average weight o f bales.lbs
Takings In pounds............ . 1,411,830,000 1,916,109,000 3,327,939,001
Oct. 1 to A u g . 1.
B a les o f 500 lbs. each ,
000s om itted.
[VOL. L A V .
C H R O N H L E
Sat.
M on .
T u es.
W ed .
T liu rs,
F ri.
1212 1 1:45 4 1:45 4 1:45 4 1:45 4 1:45 4
P. M P. M P.M. P.M. P. M P.M. P. M P.M. P.M. P.M. P.M. P .M ,
.
.
.
.
d.
d.
d.
d.
d. d. d. d. d. a .
d.
d.
4 14 4 14 4 13 4 13 4 12 4 12 4 12 4 11 4 09 4 09 4 07 4 07
4 09 4 08 4 07 4 06 4 06 4 04 4 04 4 02 4 02
4 10 4 10 4 08
4 03 4 03 4 01 4 01 4 00 4 00 3 63 3 63 3 61 3 61 3 59 3 59
3 61 3 61 3 59 3 59 3 58 3 58 3 57 3 57 3 54 3 51 3 53 3 53
3 58 3 58 3 56 3 56 3 55 3 55 3 54 3 53 i 51 3 52 3 50 3 51
3 57 3 57 3 55 3 55 3 54 3 54 3 53 3 52 3 50 3 50 3 49 3 49
3 57 3 57 <55 3 55 3 54 3 54 8 58 3 52 3 50 3 50 3 49 3 50
3 57 3 57 3 55 3 56 3 54 3 54 3 53 * 53|3 51 3 51 3 49 3 50
3 58 3 58 3 56 3 56 3 55 3 55 3 54 3 53 3 51 3 51 H50 3 50
3 5« 3 59 3 57 3 57 3 56 3 56 3 55 3 54 3 52 3 51 3 51 3 51
3 60 3 60 3 58 3 58 3 57 3 56 3 55 3 55 3 53 3 53 3 52 3 52
....
.
....
....
BREADSTUFFS.
F r id a y ,
A u g u s t 1 3, 1 89 7 .
T h e r e h a s c o n t i n u e d a f i r m m a r k e t f o r w h e a t f l >ur a n d
p r ic e s h a v e fu r t h e r a d v a n c e d .
E a r ly in t h e w e e k o n ly a v e r y
m o d e r a t e v o l u m e o f b u s in e s s w a s t r a n s a c t e d ; s u b s e q u e n t l y ,
h o w e v e r , t h e d e m a n d b e c a m e m o r e a c t iv e , a s b ltd th e h o m e
t r a d e a n d s h i p p e r s s h o w e d m o r e a n x i e t y t o a c q u i r e s u p p li e s
a n d p r i c e s a d v a n c e d 1 0 c . t o 2 0 c . p e r b a r r e l , s p r i n g p a t e n t s s e ll
i n g u p t o $ 5 . C i t y m il l s h a v e b a d a f a i r l y g o o d s a l e a n d
p ric e s h a v e im p r o v e d .
T h e r e h as b e e n a fa ir ly g o o d d e m a n d
fo r r y e flo u r a n d v a lu e s h a v e a g a in a d v a n c e d .
O n ly a lim
i t e d v o l u m e o f b u s in e s s h a s b e e n t r a n s a c t e d i n t h e m a r k e t
f o r c o r n m e a l, b u t p ric e s h a v e b e e n u n c h a n g e d a n d A rm ,
T h e r e h a s b een a n a c t iv e s p e c u la tio n in th e m a r k e t f o r
w h e a t f u t u r e s a n d t h e r e h a s b e e n a f u r t h e r s h a r p a d v a n c e in
p r ic e s , t h e s t r e n g t h o f t h e s it u a t io n b e in g b a s e d o n th e p r o s
p e c t i v e s h o r t a g e o f s u p p li e s f o r t h e E u r o p e a n m a r k e t s .
E a r ly in t h e w e e k th e re w a s a s lig h t ly w e a k e r d r i f t t o v a lu e s ,
as c a b le a d v ic e s c a m e a tr ifle w e a k e r a n d th e r e w a s a t e m p o r
a r y lu ll iu th e e x p o r t d e m a n d , w h ic h p r o m p te d r e a liz in g
s a l-s
by
lo n g s ,
T u esd a y , h o w e v e r, th e m a rk et tu rn e d
s tr o n g a n d p ric e s a d v a n c e d s h a r p ly a c c o m p a n ie d b y a n a c t iv e
s p e c u la tio n , as th e re w a s fr e e b u y in g s tim u la te d b y c r o p d a m a g e re p o rts b o th f r o m F r a n c e a n d th e N o r t aw e s t, s tr o n g e r
c a b l e a d v i c e s a n d r e p o r t s o f a l a r g e e x p o r t b u s in e s s t r a n s a c t e d
here a n d a t o u t p o its .
T h e c l o s e s h o w e d p r i c e s 1 % 323*jC .
h ig h e r f o r t h e
day. W edn esday
th ere
w as som e
ex
c ite m e n t t o
th e
t r a d in g
and
a fu r th e r
sh a rp
ad
vance occu rred
in
p r ic e s .
C a b le
a d v ic e s
a g a in c a m e
d e c id e d ly h ig h e r a n d b r o u g h t b u y in g o rd e rs f r o m th e U n it e d
K in g d o m , a n d th e W e s t w a s a f r e e b u v e r . T h e C o n t in e n t ,
h o w e v e r , w a s r e p o r t e d as a la r g e s e lle r ; p r ic e s f o r th e d a y
sh ow ed an a d v a n ce o f l% @ 3 J ^ c ,
T h u r s d a y th e re c o n tin u e d
a n a c t i v e m a r k e t a n d p r i c e s f u r t h e r a d v a n c e d in r e s p o n s e t o
s tr o n g e r f o r e ig n a n d W e s t e r n a d v ic e s , m o r e p a r t ic u la r ly th e
la tt e r , w h e r e s h o rts f o r S e p t e m b e r d e liv e r y w e r e fr e e b u y e r s
to c o v e r co n tra cts.
T h e c lo s e w a s fir m , w it h p ric e s
h ig h e r fo r th e d a y ,
T o -d a y t h e m a r k e t o p e n e d fa ir ly a c t iv e
a n d h i g h e r in r e s p o n s e t o s t r o n g e r f o r e i g n a d v i c e s a n d f u r t h e r
b u y in g b y s h o rts to c o v e r co n tr a c ts .
S u b s e q u e n tly , h o w e v e r , th e re w a s f r e e s e llin g b y lo n g s t o
r e a liz e p r o fit s a n d t h e m a r k e t w e a k e n e d , c lo s in g
lo w e r f o r t h e d a y .
T h e r e h a s b e e n a n a o t i v e b u s in e s s i n t h e
s p o t m a r k e t , as s h ip p e r s h a v e b e e n la r g e b u y e r s . T o d a y t h e
m a r k e t w a s a c t iv e .
T h e s a le s i n c l u d e d N o . 2 r e d w i n t e r a t
9 2 c . f . o . b . a f lo a t . N o . 1 N . Y . N o r t h e r n w a s q u o t e d a t 9 4 c .
f . o . b . a f lo a t a n d N o . 1 D u l u t h N o r t h e r n a t 9 4 V c . f . o . b .
f lo a t .
a
T H E
AUGUST 14 XS»7,]
C H R O N IC L E .
DAILY CLOSING FHIOBS OJ? SO. 2 BED WINTER WHEAT.
Sat.
M on.
Tims,
Wed. I k u r s .
85
87*9
91%
91%
A u g u st d e liv e r y .................c ...........
S ep tem b er d e liv e r y .........e. 83*8
81%
88%
88%
89%
O c to b e r d e liv e r y ............. C.............
83%
.....
----88%
D e c e m b e r d e liv e r y ......... c. 83
84
85%
87%
8s%
F ri.
90
88
87%
86%
T h e r e h a s b e e n o n l y a l i m i t e d a m o u n t o f t r a d i n g in t h e
m a r k e t fo r I n d ia n c o r n fu t u r e s , b u t p r ic e s h a v e a d v a n c e d in
s y m p a t h y w i t h t h e s t r e n g t h o f t h e w h e a t m a r k e t a n d in
re sp o n se t o s tr o n g e r fo r e ig n a d v ic e s . C r o p p r o s p e cts h a v e
b e e n g e n e r a lly fa v o r a b le , a n d a t th e c lo s e p r ic e s e a s e d o f f a
f r a c t i o n u n d e r r e a l i z i n g s a le s b y l o n g s .
In th e s p o t m a r k e t
t h e r e h a s b e e n a f a i r l y l a r g e v o l u m e o f b u s in e s s t r a n s a c t e d ,
a s e x p o r te r s h a v e b e e n b u y e r s a n d p r ic e s h a v e a d v a n c e d w ith
fu t u r e s . T o -d a y th e re w a s o n ly a lim ite d d e m a n d .
The
s a le s i n o l u d e d N o . 3 m i x e d a t 34.' f o . f , o . b . a f lo a t .
N o. 3
m ix e d in e le v a t o r w a s q u o t e d a t 3 2 % c .
PALLY CLOSIN''} PRICES O f SO. 2 MIXED CORN,
Tues.
F ri.
M on.
th u r s .
Wed.
Sat
31 ’ a
32%
32%
31%
3 1%
3 1%
A u g u st d e liv e ry ..
32%
33%
32%
33%
c. 3 1%
31%
S e p te m b e r dellvi
....
___
3*-*%
©.
35%
36%
33%
34%
*e. 3 3 %
3 3%
O a ts f o r fu t u r e d e liv e r y h a v e b e e n q u ie t a n d , d e s p it e th e
fa v o r a b le c r o p p r o s p te ts a n d th e in d ic a t io n s o f a la r g e r y ie ld ,
p r i c e s h a v e m a d e f r a c t i o n a l g a i n s in s y m p a t h y w i t h t h e a d
v a n c e in o t h e r g r a in s . T o -d a y p r ic e s e a s e d o f f a tr ifle , fo llo w *
iD g t h e r e a c t i o n i n w h e a t a n d c o r n .
T h e spot m arket
h a s b e e n f a ir l y a c t iv e , as s h ip p e r s h a v e b e e n b u y e r s a n d
p r i c e s h a v e r u le d s t e a d y . T o - d a y t h e r e w a s a f a i r l y a c t i v e
m a r k e t . T h e s a le s i n c l u d e d N o . 3 m i x e d a t 3 3 ,t fc . i n e l e v a t o r
a n d N o . 2 w h it e a t 2 4 ? 4 '® 3 3 c . in e l e v a t o r .
DAILY CLOSI1IO PRICES O f SO. 2 MIXED OAT*.
Sat.
M on.
T u ft. We4.
T hu rt.
F ri.
S e p te m b e r d e liv e r y ....... o.
21%
20%
21%
21%
22
21%
O c to b e r d e l i v e r y ... .___c,
—
21%
21%
......................................
R y e h a s b e e n in d e m a n d f o r e x p o r t a n d h i g h e r .
B a r le y
h a s b e e n fa ir ly a c t iv e a n d fir m e r .
T h e f o l l o w i n g a r e c lo s in g q u o t a t io n s :
S’LOUR.
if 2 85
P a ten t, W in te r ....... $ 4 50 M 00
P i n o ............................$ 2 25
C ity m ills, e x t r a s . $ 0 0 # 5 10
it 3 0O
S u p e rfin e.................. 2 4 0
R y e ISour, su p e rfin e 2 5 0 » 2 9 0
E x tr a , No, 2 . . ........ 2 75 it s 35
B u ck w h ea t d o u r ............... *» . . . .
Extra,, No. 1 ........... 3 15 * 3 75
C o ra m e * !—
C le a t * ........................ 3 75 * 4 0 5
W estern , e t c ......... 1 6 3 * 1 9 5
S tra ig h t*....... .......... 4 0 5 -a l 50
B aml> w in e . . . .
2 00
P a te n t, S p r i n g .... 4 60
(W h e a t flour iu s ack * *ell* a t p rice * b e lo w th ose fo r b a r r e l* .)
OKA IN
W heat—
e.
e.
Spring, p e r bu*h . . . . 8 6 * 9 5
Pood W in ter, No. 2 ....8 8 % S s 9 2
R ed W in te r........... .
85 # 9 3
N orth ern , Vo 1 ..........9 1 * 9 4 %
O a f* —M ix e d , p e r bnsth. .2 i* »s »2 3 %
W h i t e ............... ..............2 3 # 3 0
N o. 2 m ix e d ...................2 2 % » 2 3 %
S o , 2 w h i t e . . . . ............. 2 4 % -»2 S
C « » . p e r h u sh—
c.
c.
W estern m ix e d .............3 l % * 3 4 %
N o. 2 m ix e d ...................3 2 « 3 3 %
W estern Y e llo w ........... 3 2 <*35
W estern W h it e ... ... ..3 * 3 * 3 5
R ye—
W estern , p e r bu*h ...4 8 % A 4 9
S ta te a n d J e rs e y . . . . . 4 4
0 49%
B a r le y —W e s t e r n ........... 47 i t 19
F e e d i n g ..........................3 6 % » 3 7
A o b i c u l t v r a l D e p a r t m e n t ' s a u g u s t R e p o r t .— T h e re
p o r t o f th e D e p a rtm e n t o f A g r ic u ltu r e fo r A u g u s t l r e s p e ct
i n g c e r e a l c r o p s w a s is s u e d o n A u g u s t 10 a s f o l l o w s ;
C o rn ............................ .................... HI 1 B a rle y ..........................................-.8 7 -5
S p rin g w h ea t............................... ..8 6 -7 B u ck w h e a t..................................... 04%
S prin g r y e ........................................ 80-8 T o b a c c o ..................
78*7
O a ts .................................................... -8 -0 Irish p ota toes ................................77%
T h e c o n d t l o n o f t h e v a r i o u s c r o p s o n A u g u s t 1 f o r a neriea
o f y e a r s is an f o l l o w s :
1397.
1 896.
1395.
1891.
1893.
1892. 1891.
C o rn .................... -----34*2
06 0
102*5
« 'l
8 7-0
82*5
90*8
S prin g w h e a t ... ...8 5 * 7
78*9
67*1
95*5
95-9
07*0
87*3
S p rin g r y e ........
89*6
88*0
84*0
79*8
73 5
89*8
Oats. . . . . . . . . . . . .
77*3
76*5
84*5
98*2
89*5
73*3
B a r l e y ....................8 7 * 5
87*2
82-9
09*3
01*1
84 0
93*8
P o ta to e s.............
87-7
96*5
94%
74*0
9'-1*8
86*0
C o tto n ____ . . . . . ....8 6 * 8
80*1
77*9
91*8
8<)-l
88*9
82*3
T obaoeo
86*3
74*9
88*5
82*7
32*4
88*8
B u c k w h e a t ......
97*3
960
8**3
92 9
«2*3
83*3
T h e co n d itio n o f co r n , 84-2, i* 1*3 p oin t* h ig h er than last m on th , b a t
11*8 poin t* lo w e r than on A u gu st 1 .1 8 0 6 , moil 3 p d o t* lo w e r than the
A u g u st a v e ra g e f « r th e l**» ten y e a r* T he p rin cip a l S tate .» e r -g e a
a re »■* fo llo w - 1 Oht . 8 » ; M ich ig a n . 8 5 : I n d i a n ,,9 2 : UllnuH. 0 3; Io w a .
7N: M i -o u r l, s 7 ; K * n s « -, 7 0 . a d ro p o f 2 0 p oin ts <1111118 the m o n th ;
N ebraska, 8 4 ; te x a * , 8 3, a d e c ile # o f IS p oin t*: t e tt s e * s « « . 9 0 ; K e n
tu ck y , 92
T h « co n d itio n o f e.*.i n on J u ly i a n d A u gu st l in e a ch o f th e la s t live
yea rs I* sh ow n in th e fo l l o w i n g :
CONDITION O r COHS.
1897.
State*.
#4
>
at
n th io ls-.
Iow a . ..
M issouri „
K a ra n s ..
Ind iana
H e fa a s k * ..
O h io ......;
M ich ig a n .
W isconsin
M lonee’ ta
T exa s...
Tennessee
K en tu cky
P en n sy ly .
S3
73
87
70
92
34
st>
85
90
77
S3
m
82
82
A V g e V.B 84*2
1895.
1.996.
-4.
£
z
82
73
92
90
S3
82
76
80
80
70
101
90
97
74
106
103
95
109
105
108
105
m
82*9
il6*0
101
a?
S3
96
102
104
-5
*
98
04
91
102
IU
103
106
100
102
95
39
90
97
98
at
-1
106
107
n s
90
100
78
89
75
97
95
113
110
113
90
9 2 4 102
1 8"4 .
1893.
W
4
>
A
S
H
-0
a
s
02
75
105
109
101
95
85
91
90
90
97
118
99
96
87
81
102
82
m
88
33
79
75
68
73
83
UK)
90
83
99
100
101
96
08
96
92
93
98
100
94
89
00
82
99'%
69-1
95*0
87*0
1
45
W
*
3
f>
■3
s
95
82
79
84
85
91
98
101
75
86
86
81
92
98
92
93
96
94
93
94
95
97
89
92
90
88
93*2
289
T h e co n d itio n o f s p r in g w h eat, 86-7, is 4 5 p a in ts lo w e r th a n la st
m o n th , b u t 7 8 p oin ts h ig h e r than on A u g u st 1, 1 896, a n d 1-5 p o in t s .
h ig h e r th a n th e A u g u st a v e ra g e f o r the la st te n y e a rs. T h ere is a
d e clin e o f eigh t p oin ts in M inn esota, eleven, in S outh D a k o ta , fiv e In
N orth D a kota a i d o n e in N eb ra sk a .
T he a v e ra g e co n d itio n o f sp rin g r y e is 89 8, as o o m p a r e d w ith 9 0
la s t m on th , 88 o n A u g u st 1. t s 3 6 , an d 86-8 f o r t h e la st ten years.
T h e a v e ra g e co n d itio n o f oa ts is 8 6 , as co m p a re d w ith 87-5 la st
m o n th and 7 7 '3 o n A n,"ust 1. 1893. The o m so iid a te d retu rn s in d i
ca te that a b o u t ten per ce n t o f th e o a ts cr o p o f last y e a r Is still o n h a n d .
T h e a v e ra g e c o n d itio n o f b a r le y is 8 7 -5 , as a g a in s t 88-5 o n J u ly 1 ,
an d 82-9 on A u gu st 1 ,1 8 9 6 .
T he area In b u ck w h e a t 18 1-8 p e r ce n t less th a n hist y e a r, a n d t h e
c o n d itio n Is 9 1 -9 , as o o m p a r e d w ith 9 6 a t the co r r e s p o n d in g p e r io d
*
T h e a v e ra g e c o n d itio n c f p o ta to e s has fa lle n d u r in g J u ly fr o m 87-8
to 77-9, w h ich la tte r tigure Is 10-9 p oin ts lo w e r t h a n on A u g. 1. 1 8 9 6 .
T h e c o n d itio n o f t o b a c c o , ta k in g the co u n t r y as a w h o le , is p ra c
t ic a lly u n ch a n g e d , th e c o n s o lid a te d re tu rn s in d ica tin g 78-7 p er ce n t
o f a fu ll c r o p , as co m p a re d w ith 78*5 per cen t la st m o n th a n d -6*5 p er
ce n t o o A u s . 1 ,1 8 9 6 . K e n tu c k y sh o w s a d e c lin e o f th re e p o in ts, b u t
V ir g in !* and N o rth C a ro lin a h a v e im p r o v e d th e ir co n d itio n se v e n a n d
s i x p oin ts re s p e ctiv e ly .
T he to ta l area o f th e hay c r o p is 1*9 p e r c e n t le ss than la st y e a r.
N ew Y o rk . P e n n sy lv a n ia . O h io. M ich ig a n , I n d ia n a and W iscon sin
sh ow a s lig h t in cr e a s e , b u t th is Is m o r e than offse t b y th e d e o re a se in
Illin ois, Io w a , M issou ri, K a n sa s, N e b ra sk a , the tw o D a kota s a n d C ali
forn ia ,
The co n d itio n o f th e r ic e c r o p o f L o u isia n a is 8 4 , of. th a t o f S outh
C arolin a 7 7. o f G e o rg ia « 2 .
T he o c n d b lo o or the a p p le c r o p Is in the m ain v e r y u n fa v o r a b le .
O h io and M ich iga n h a v e U tile m o re than on e-th ird o f a fu ll o t o p , Penn
s v iv a n ia s lig h tly u n d e r an d N ew Y o rk slig h tly o v e r h a lf a c r o p , a n d
V ir g in ia a i d K e n tu ck y e a ch a b o u t tw o -th ird ,. R e p o rts fro m s e v e ra l
p o in ts In C an ad a in d ica te a s h o rt c r o p o l th e la rg e r fru its , p a r tic u la r ly
a p p les, b oth lu O n ta rio a o d th e m a r itim e p ro v in c e s .
T h ere are fe w s e ctio n s o f th e co u n t r y that d o n o t r e p o r t a fa ilu r e ,
m o re o r less m a rk ed , to the p ou ch o rop .
T h e a vera g e co n d it io n o f p a stu re* is v e r y h igh, an a v e r a g e e x e t c l i n g
o r clo s e ly a p p r o a c h in g 1 0 0 b e in g r e p o rte d fr o m th re e -fo u rth s o f th e
States.
Expoets
Bk ead stoffs,
of
P
r o v is io n s ,
C otton
and
P e t r o l e u m . — T h e e x p o r ts o f th e s e a r t ic le s d u r in g th e m o n t h
o f J u ly ,
and
th e
seven
m on th s, fo r
th e p a st th re e
yea rs,
h ave been as fo llo w s :
B x p o rtt
fro m 0 . S.
1687,
July,
1896.
] 7
Julii.
7 Month*
J Big.
7 McntHl.
QuantUOt.
W baat.bo»h
F lo o r ...b b l» .
S.CB7.UIS t8.ISC.39}
l 171.4} I
7.078.133
l'.OOa,«W IU.A2.01#
1.318.7 U
MWUOO
W h «»U ..b o .
Ooro...bt»»h
».273.«.u s a .m ,m \ u . i ;#,**>.•> 74,876,449
I2.40}.4(V, llt.800.WS>: 5,CI*,7St 54,055,812
T o t . b o th .
i.SH.SU 38,680.212
8S&67S 7,630,042
41,878,N 7 l78.S78.l4f 17,7«>.C4« 155.7112,071
H
PolUM,
W h’t A fio a r .
l o r n * m «»l
t
T.ssa.ass M.rrs.tHt
a r e .. . ..........
h tiitm l.
karley,. . . . . .
8 .M » ,n 5
9*0,181
1,530 374
S10392
ar'dituff*....
P rovisions•
Cotton. ......
P itrol’m.Ao
M W M S:
1} <39.1*0
a,is«.4w
M S tA it
T ot. valu e
• r-MMMtn«
t
s.6<i,333 52,181.07*
S4.l98.iU-; i . m . o s s 23,053,407
152.171
2,175.493
107,374
4,944,095
4.SW.SJI 4,809.1
2.213,709
8 ,W 5 > H
4K.OS9
96,779AS* 12.5jt .a f 8
98,39-*,I2l 13.-9l.747
a t/ m .t-i) 3.801.343
SAISAIS* i.ttO .U l
8,788,859
3,894,857
72.031,401
23,488,046
00,420,040
1
$
50,704,372
12,900,174
126
350
018,071
138.8(W
0.080,016
2.081 510
100,628
407,188
63,958.159 8,500.016 04,580,104
94,819.081 14,020,88“ 89,847,824
9S.8r.530 1.018070 03,930.249
35,121,517 4,900,065- 29.867,698
sn.945.97s 3S0.957.076 Xi.646.S4a Ii09.Hll.99i
< i » « « i o s l l m o u th s an il yaars.
99,446,840 877,576,835
N 0T 8.—A ll th e a b o v e figu re* a re b used ou th e m o n th ly p re lim in a r y
rc tu rn s ls c.ie d b y th e B u re a u o f U tatlstlas, a m i c o v e r a b o u t 9 3 p e r c e n t
o f t h e t o ta l e x p o r t* .
T h e m o v e m e n t o f b r a & d s tu ffs t o m a r k e t a s i n d ic a t e d in t h e
s t a t e m e n t s b e l o w is p r e p a r e d by* u s f r o m t h e f i g u r e s o f t h e
N ew Y o rk P ro d u ce E x ch a n g e.
T h e r e c e ip t s a t W e s te r n la k e
a n d r i v e r p o r t a f o r t h e we**k e n d i n g A n *. 7 , a n d s i n c e A u g .
7, f o r e a c h o f t h e la s t t h r e e y e a r s . n a v e b e e n a s f o l l o w s :
Receipts a t—
C h ic a g o -----M ilw aukee
D u lu t h ........
M inneapolis.
T o l e d o .. . . . . .
D e t r o it .........
C le v e la n d . ..
St. IsOUlS .
P e o r ia ....... .
Kansas City.
T o t wk.*07.
Sam e w » .> l.
8am® w k.,9S.
Since A ug. 1.
1807,............
1 8 0 6 ....,.......
183b,........ .
Flour.
Cam .
W heat.
Oars.
B arley.
B ye.
m,iM itw ih. Bush MU>* B m h M lb s Bu»A J2t6f B u sh .m b s B u m lbs.
07,78(1
101,0*3
710.100
4,700,876
S.708.319
0»\42S
175,000
89.100
10,200
44,400
62,460
218,400
175.006
53,184
120,400
013,241]
*43.134
70,130
270,060
25,£K0
,» *•*.
mb
820,320
01,230
50,284
035,088
861,481
781
11.343
15,523
51,781
0,320
118,868
23,170
31.826
10.316
700
240
4,997
437,670
275,180
680,187
24.0«0
325,600
1.400
11,400]
188,860
4,050
08.000
1,272,000;
184.0CO
4
‘ ?*0,1
278,087
130, O
SU
5.' t>0,!57
8,423,611
2.281,513
6.088,*.% 1
4.898.481
1,706.536
5,147,450
1.914*077
2,206,195
158,750
228,364
29,550
27S.2S1
105,033
76,988
230,123
270,087
805.440
6,000,157
3,423,511
4,573,780
0,038.001
4,898,184
3,3« 1,4 20
.5,127,450
1,914,677
4,503.388
158,756
228,354
63,091
270,281
105,933
151,203
T h e r e c e ip t s o f flo u r a n d g r a in a t t h e s e a b o a r d p o r t s f o r t h e
w e e k e n d e d A u g , 7 , 1897, f o l l o w s :
Oats,
C om ,
Flour, Wheat,
bush.
& .
bush.
Receipt. a t t,l,h.
busk,
705,800
40,800
608.600
N ow Y o rk ................... 12I’.I>|2
277,458
1,181
400,700
B oston ........................
».*!.M70
HI,440
5,845
1.34.885
535,200
M ontreal.................
55,076
105.812
410,421
03,223
P h ila d e lp h ia .........(W.x.l
142,665
1,021
*44,799
40,574
83],457
078,857
Baltimore ............... 70,487
R ich m on d. . . ......... ,.
N ew O rlea n s*..,....
3,771
18,749
0,514
226.000
24,600
142,507
142,737
M ob ile.
. .. . . . . . .
N ew port N e w s ......
25
10,000
123 000
131,000
GMBMMtoa...... .... ,
T otal w e e k ,....... H S i S ' I 2,722.122 3,503,002
W eek 1806................. 374,020 1,46&,486 1,847,171
1,29«W8
1,689,371
47,831
84,840
189,000
120:094
* Receipts do not ! delude jrraln passing through New Orleans fo r foreign
ports on through bills o f lading.
TH E
290
T o t a l r e c e ip t s a t p o r t s f r o m
fo llo w s fo r fo u r y ea rs :
R eceipts o f—
F lo u r . . . . — . —
Jan, 1 to
“
as
1895.
9,213,073
1894.
11,437,833
30,83b.853
46,281.381
39,642,667
4,M o,«B2
1,740,963
19,318,901
24.3w4.309
23,728,371
1,415,524
217.312
198.20S.SU
123,885,710
09,104,417
81.290,766
T h e e x p o rts fr o m th e sev era l sea b oa rd p o rts fo r th e w eek
e n d i n g A u g . 7, 1897, a r e s h o w n i n t h e a n n e x e d s t a t e m e n t :
(7or«,
E xp orts f romHew \ o r* ...
602,49°
54,513
Bo*ton. ....
M ob ile ........
651.761
480.U3O
50.090
733,348
735 72 * 1,136 350
202.462
156.751
I23,0i0
131,000
71,323 5 0.043
142,737
P h iladelph ia..
Baltimore.
N ew O rleans..
N ew p’rt Ne
M o n tr e a l..
G a lv e s t o n .
1,719 J 32 3,903,731
1,842,04- 1,309,82
Oat'S,
bush.
689,597
131,892
R y e,
bnih.
300,597
Peas.
bush.
6, >75
Marie V
bu8h.^
107,623
T otal A u g . 7 1897
T otal Ju ly 31,18*7
T otal A u g. 8. 1890
T otal A u g . 10, 1395
T o ta l A u g .il, 1894
ew
Y
o bs
2 ,5 9 4
3 ,2 1 0
1 5 3 ,1 2 5
2 2 ,3 0 2
283,30s
263. i22
984,089
775,761
355,997
114,539
127.380
28,874
136,900
1 9 1 ,94 4
2 ,5 9 4
T o t a l...............
* P rom v « w E n c la n d m ill p o in t s d i r e c t
3 ,2 1 0
1 7 5 ,4 2 7
Oats,
bush
1113,000
Rye.
bush.
497,000
Barley
bush.
59,000
35.00*6
726,000
51.000
215.000
8,853,000
1,882,000
223 000
10,000
15,000
13,000
44,000
75,666
8 1,boo
281,666
384,000
232,000
320,000
91,000
110,000
12,000
12,660
30,000
65,000
71,000
17,000
16,000
__
4,000
940,000
78,000
605.000
9.000
45.000
184.000
633.000
37.000
8.000
1*061,0* 0
512.000
16.511.000
15.698.000
12.218.000
4.013.000
3.105.000
rr-' - - 11
8 000
19,000
13,000
434,000
76,000
25.000
3,000
118,000
83.000
160.000
6.000
13,000
33,000
2,000
28,000
3,000
34,000
........
T o t a l s t o c k ( n i e c e s ) .. .. 1 ,4 7 1 ,0 0 0
1.000
6,000
137.000
24.000
69.000
117.000
*30,000
69,00<
■0,551.000
6.528.000
6.945.000
3,>5,0U0
2.855.000
3.042.000
l,772.ti00
1.620.000
254.000
230,U 0
U
D ry
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f o r a v e r y lo n g t im e p a s t,
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CJ , I - * M C
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h o u s e s h a v e b e e n b u s ie r t h a n
In th e
p r im a r y m a r k e t th e re has
b e e n m u c h le s s e v id e n c e o f th e ir p r e s e n c e ,
Goto
to <
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005
D
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b u b n e v e r t h le s s
b u s in e s s at fir s t h a n d s h a s c o n t i n u e d g o o d in a ll d e p a r t m e n t s .
T h e i m p r o v e m e n t o f t h e p a s t f e w w e e k s is o f a v e r y t a n g ib le
c h a r a c t e r b u t t h e r e is s o m e d i s p o s it i o n t o o v e r s t a t e i t .
As a
m a t t e r o f f a c t s e ll e r s in c o t t o n g o o d s h a v e a v a i l e d t h e m s e lv e s
o f t h e m o r e g e n e r o u s d is p o s it io n o f b u y e r s to g e t r id o f so m e
h e a v y s to c k s b e fo r e p u t t in g p r ic e s u p , b u t t h e y h a v e at th e
s a m e t i m e r i g o r o u s l y h e l d f o r s o m e a d v a n c e w h e r e .g o o d s b a d
to be m ade.
T h e m a r k e t is f a s t w o r k i n g it t o a d e c i d e d l y
c l e a n c o n d i t i o n , w h e n s e ll e r s w i l l b e i n a p o s h i o n t o d e m a n d
s t ill h i g h e r p r i c e s .
T h e p r i n t c l o t h s it u a t i o n is s t r o n g e r u n
d e r th e c o m b in e d in flu e n c e o f a n a c t iv e d e m a n d a n d m a te
r ia l c u r ia ilm e n t o f p r o d u c t io n .
B u s in e s s i n w o o l e n s a n d
w o r s t e d s c o n 'i n u e s g o o d a n d t h e .t o n e is d e c i d e d l y s t r o n g .
W o o l e n G io d s ,— T h e re h a s b e e n a c o n tin u e d la r g e d e
m a n d f o r m e n ’ s w e a r w o o l e n a n d w o r s t e d f a b r ic s , b u t th e
a g g r e g a t e b u s in e s s s h o w s s o m e f a l l i n g o i l i n v o l u m e , t h e d e
crease
b e i n g c o n f i n e d t o l o w - g r a d e g o o d s , o f w h ic h so
m a n y h a v e b e e n s o l i , a n d t o C la y w o r s t e d s , o n w h ic h p r ic e s
h a v e b e e n ra is e d to , f o r th e t im e b e in g , a p r o h ib itiv e h e ig h t .
A l l t h e l e a d i n g l i n e s o f O ia yB h a v e b e e n a d v a n c e d s in c e th e
o p e n i n g q u o t a t i o n s w e r e n a m e d , a l t h o u g h t h e la t t e r w e r e
h ig h e r th a n g e n e r a lly e x p e c t e d .
S e r g e s a r e s t i l l s e l l i n g w e ll,
a s a r e f a n c y c h e v i o t s a n d c a s s it n e r e s .
S e lle r s a r e w i t h d r a w
i n g s a r n p b s f r o n t h e m a r k e t t o a n u n u s u a l e x t e n t f o r th is
t i m e o f t h e y e a r , a n d t h e t o n e t h r o u g h o u t is v e r y s t r o n g .
O v e r c o a t i n g s in g o o d r e o r d e r d e m a n d , a n d t e n d in g u p w a r d s !
C l o a k i n g s s e l l i n g m o w f r e e l y . D r e s s g o o d s a r e in g o o d s u p
p l e m e n t a r y r e q u e s t a n d v e r y f i r m . F l a n n e l s o c c a s i o n a l l y 10
p e r c e n t d ea rer.
B l a n k e t s fi r m .
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, F r i d a y , P , M , , A u g u s t 18, 1897.
t h e fir s t fr u it s o f th e M e r c h a n ts ’ A s s o c ia t io n
2 6 0 ,0 0 0 1 ,1 6 9 ,0 0 0
G o o d s .— T h e r e
T h e im p o r ta tio n s a n d w a r e h o u s e w it h d r a w a ls o f d r y g o o d s
a t t h i s p o r t f o r t h e w e e k e n d i n g A u g u s t 1 2, 1 8 9 7 , a n d s i n c e
J a n u a r y 1, 1897, a n d f o r t h e c o r r e s p o n d in g p e r io d s o f la s t
y ea r a re a s fo llo w s :
831.r00
825 ^00
639,000
44.000
87.000
10,000
1 224.000
2 ,0 1 3 ,0 0 0
has b e e n a fa ir ly a c t iv e
m a r k e t in f o r e i g n m e r c h a n d i s e .
S e a s o n a b le g o o d s a r e g e n e r
a lly w e ll c l e m e d u p . I d m e n ’s -w e a r f a b r ic s , C la y w o r s t e d s a re
fr e q u e n t ly 5 c. p er y a r d h ig h e r f o r s p r in g w e ig h t s .
D ress
g o o d s f o r s p r in g s o m e w h a t ir r e g u la r , b u t a lw a y s h ig h e r t h a n
la s t s e a s o n o n g o o d lin e s .
F o r e ig n
Im p o rta tio n s a n d W a reh ou se W it h d r a w a ls o f D ry G o o d s.
6.000
52.000
638
121
14
130
737
186
T h e v a lu e o f th e N e w Y o r k e x p o r ts f o r th e y e a r to d a te h a s
b e e n $ 6 ,9 5 7 ,0 9 0 in 1 897 a g a i n s t $ 6 ,7 5 4 ,5 5 3 i n 1 89 8 .
B r o w n s h e e t in g s a n d d r i l l s h a v e b e e n in s t e a d y r e q u e s t o f
c o n s i d e r a b l e v o l u m e in a d e c i d e d l y f ir t n m a r k e t , a n d v a r i o u s
a d v a n c e s o f L jc . t o 3 A - P e r y a r d h a v e b e e n r e c o r d e d .
B row n
d o c k s a n d o s n a b u r g s a ls o fir m a n d o c c a s io n a lly d e a r e r .
B le a c h e d c o t t o n s h a v e a d v a n c e d s lig h t ly S le a d in g 4 -4 m a k e s
d
a D d a r e g e n e r a l l y i ^ c . t o J ^ c. d e a r e r i n l o w g r a d e s ; t h e d e
m a n d is c o n s i d e r a b l e b u t n o t a t a l l a c t i v e . W i d e s h e e t i n g s a r e
t e n d i n g u p w a r d s , a s a r e c o t t o n f l a n n e l s a n d b l a n k e t s . D e n im s
s c a r c e a n d v eT y fir m . T ic k s o c c a s io n a lly J ^ c. h ig h e r . P la id s
te n d a g a in s t b u y e r s .
C h e c k s a n d s t r ip e s , c h e v i o t s a n d c o t to n a d e s ' fir m .
K id -fin is h e d c a m b r ic s fir m ; a f e w m a k e s a d
v a n c e d i/gC. p e r y a r d ,
P r in ts h a v e b e e n in m o r e a c t iv e r e
q u e s t f o r b o :h f a n c ie s a n d s ta p le s , a n d s o m e o f t h e la t t e r
s h o w a h a r d e n in g t e n d e n c y .
S ta p le g in g h a m s in b e t t e r
d e m a n d a n d fir m .
D r e s s s t y le s d u l l .
P r in t c lo t h s w ith a n
a c 'i v e d e m a n d h a v e a d v a n c e d t o 2 % c . f o r e x t r a s , s e ll e r s r e
fu s in g b id s a t t h e c lo s e .
1896.
1 897.
A u g . 7.
S tock o f P r i n t O loth t—
A u g , 8.
3 « ,0 0 0
A t P r o v id e n c e , 6 4 s q u a r e s . 5 1 5 .0 0 0
A t P a ll R iv e r , 6 4 s q u a r e s > 9 5 6 .0 0 0 \ 9 4 0 .0 0 0
6 7 6 .0 0 0
A t F a ll E lv e r , o d d s iz e s .. )
T h e r e h a s b e e n a n e x t r o r d in a r y in f l u x o f b u y e r s th is w e e k ,
a rra n g e m e n t, a n d
2 ,0 4 2
1 ,9 3 5
6 8 ,9 0 4
3 ,5 2 6
1 7 ,1 4 4
1 3 ,2 3 5
7 ,3 0 1
1 .7 7 3
5 ,5 4 9
29 3 1 9
2 ,3 9 7
1 7 9 ,6 4 4
1 2 ,3 0 0
T H E D R Y GO ODS T R A D E ,
N
24
6
1 ,3 5 6
T o t a l..................... ...........
C hina, v ia V a n c o u v e r *
25,000
1,112,000
17,650,000
17 314,000
46.429,000
37 840,000
62.321,000
2 ,9 8 2
2,241
8 9 ,8 2 2
5 .0 6 0
16,1 99
13 479
8 ,9 2 8
2,021
5 ,1 4 0
30,9 51
2,821
*29,337
....
C om ,
bush
1,210,000
131.000
52
32
550
505
1 50
383
342
57
73
411
39
121,005
T h e v is ib le s u p p ly o f g r a in , c o m p r is in g t h e s to c k s in
g r a n a r y a t t h e p r in c ip a l p o in t s o f a c c u m u la t i o n a t la k e a n d
s e a b o a r d p o r t s , A u g . 7 , 1897, w a s a s f o l l o w s :
B a l t i m o r e . .. . .. .. .. . .. 1.332.000
M inneapolis.............. 6.482.000
UnMliBlssippl Biver.
52,000
On Lake*............ ... 1.950.000
On canal and riv e r... 125.000
G reat B r ita in .........
Other E u r o p e a n ...............
Jhlna ...................................
In d ia ______ ____________
A rabia.................................
A lr l o a .,...............................
West I n d ie s ................. .....
M e x ic o ............... .
C entral A m e r ic a ............. .
lo a th A m e r i c a . ... ... ...
O tn er C o u n t r ie s ............
46,829
445
23^.908 11,31 >.583 1,719,032 57,478.941 3,9«3,731 103.937,397
263.222 11,477.914 1,342.9*7 46,619,390 1,309,826 87,148,000
Kansas City..............
1890.
W eek. Since J a n , 1.
A n o . 9.
2*12,157
. ..
8,571
>
r-~----- W h ea t.--------- > ,------------C om .----------■
- I lour,W eek
Since Sept.
W eek
Since S*vt.
Sim * Sept.
Uajpprts for
Week
A m . 7.
1, 1896.
A ug. 7.
1.1896.
1,1898.
leeck and since
Aug. ‘
bush.
bush.
Sept. I to—
bb>*.
i)bis.
770,0 L2 48,391.406 2,295,031 81,822
7.817 883
U n ited K ingdom 148,0U
824.613 12.583,506 1,615 981 78.504 410
<>2.773
a.%484
C on tlnent.
3,379
206,059
1.001.88U
85,400
302,687
2?,ln3
8 & (X A m erica ..
38,632
1,171,285
17,434 1,008.860
W e s t Indies.. .
9,500
421195
207,661
. 4,280
B flt. v A . C ol’ s.
1,208 1,861,752
33,007 1,199,842
234.023
7.983
O ther c o u n tr ie s ..
W heat.
bush.
I n store at—
- N e w l o r k ................. ...
705.000
7,000
Do
a flo a t.,..
A lb a n y ....................
Buffalo .- ....... .
Oo
a f lo a t ....
3,225.000
C bloago . ..
......
Do
a f lo a t ....
43000
M ilw a u k e e ------- Do
a flo a t . . . .
D o lf lt i ...................
Do
a f lo a t . . .
630.000
T o l e d o .,.. .. . . . . . ...
Do
a floa t.......
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e c t r a c h a rg e t o e v e r y a n n u a l s u b s c r ib e r o f th e C o m m e r c ia l
a n d F in a n c ia l C h r o n ic l e .
T h e S t a t e a n d C it y S u p p l e m e n t w ill a ls o b e fu r n is h e d
w ith o u t e x tr a c h a rg e t o e v e r y s u b s c r ib e r o f t h e C h r o n ic l e .
291
t o e s e c o n d h i g b e s c b i d d e r , i s a l s o , i t is c l a i m e d , u a w i d m g " t o *
ta k e th e b o n d s.
T h e C it v C o m p t r o lle r h a s c a s h e d th e c e r t i
fie d c h e c k f o r 8-500 o f C . H W a i t e & C o .
B1 l O t n s b a r g , P a . — B o n d S a l e . — Che f o l l o w i n g Is a c o m
p l e t e l i s t o f b id s r e c e i v e d f o r i b e 8 1 5 .0 0 0 o f 4 p e r c e n t 2 0 y e a r
t o w n b o n d s . A s r e p o r t e d in 'h e C h r o n i c l b o f la s t w e e k , t h e s e
b o n d s w e r e a w a r d e d t o t b e E d w a r d O J o n - s C o . o f N - tv Y i r k :
Edw. C. Jones Co.. New York. ...I0 *® » I Sailer A Steohamon. Phlta.
Dick Bros. A Co.. Philadelphia... ltB-*9 |W . J* Hayes & Son, Cleveland,
Heyl A Major, Phlladoiohla........ I
-
B o u r n e , M a s s .— B o n d O f f e r i n g . — S e a le d p r o p o s a l s w i l l b e
r e c e iv e d u n t il 1 2 o 'c l o c k n o o n A u g u s t 1 4. 1 39 7 , o y O r d e l l o R .
S w ift , T r e a s u r e r o f t h e t o w n o f B iu ru e , f o r t h e p u r c h a s e o f
$ 3 2 ,0 0 0 o f 4 p e r c e n t S h o r e R o a d n o t e s . T h e lo a n is a u t h o r i z e d
o y v o t e o f t h e t o w n a n d b y C h a p t e r 1 3 9 o f t h e A c t s o f 1896;
T h e Q u o t a t i o n S u p p l e m e n t , i s s u e d m o n t h l y , w i l l a l s o b e a ls o C h a p t e r 4 9 5 o f t h e A c t s o f 1 89 7 . I t w i l l b e i n t h e f o r m
fu r n is h e d w ith o u t e x tr a c h a r g e t o e v e r y s u b s c r ib e r o f t h e
o f n o t e s , d a t e d A n g u - t 1, 1897. l a t e r e s t w i l l b e p a y a b le s e m i
C h r o n ic l e .
a n n u a lly o n th e fir s t d a y s o f F e b r u a r y a n d A u g u s t , a n d t h e
T E R M S f o r t h e C h r o n i c l e w i t h t h e f o u r S u p p l e m e n t s p r in ip a l w i l l m a t u r e a t t h e r a t e o f $ 1 ,6 0 0 a n n u a l l y f r o m A u g
u s t 1 , 1 898, t o A u g u s t 1 , 1 91 7 , i n c l u s i v e .
P r in c ip a l a n d in
a b o v e n a m e d a r e T e n D o lla r s w it h in t h e U n it e d S ta te s a n d
T w e l v e D o l l a r s i n E u r o p e , w h i c h in b o t h c a s e s i n c l u d e s t e r e s t w i l l b e p a y a b l e a t t h e T h i r d N a t i o n a l B i n k , B o s t o n ,
M ags.
p osta g e.
B r o o k l y n , N . ¥ .— B o n d O f f e r i n g .— P r o p o s a l s w i l l b * r e c e i v e d
u t d 12 o 'c l o c k n o o n , A u g u s t 3 0 , 1897, b y t h e C t m d r >ll*r
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th e c ity
B r o o k l y n f o r t h e p u r c h a s e o f $ 1 9 0 I'OO o f 3V£ p e r
O n e t im e ..................................... * 3 5 0 j T h ree M on th s (13 tim es) ,$ 2 5 0 0
c e n t regist e r e d W a U i o o u t o o n d s .
T h e s e s e c u r it es w ill b e
O n e M onth
(4 t im e s ).. I I 0 0 [ S ix m onth*
{ 2 3 H uh*m .. 4 3 0 0
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{8 t im e s ).. IS 0 0 1 T w e lv e M on th s (5 8 tim e s ). 5 8 0 0
d a t e d A u g u s t 3 4. 1897, a n t a r e is s u e d u n d e r C h a p t e r 5 2 9
T h e • h a ve term s fo r o n e m on th a n d u p w a rd * a re fo r st;»u4in< ca rd s .
o f t h e L a w * o f 1897. T h e b o n d s a r e e x e m p t f r o m a l l t a x ir i o n ,
e x c e p t f o r S t a t e p u r p o s e s , a s p r o v i d e d f o r in C h i n t e r 6 4 8
th e L a w s
1895.
I h e in t e r e s t w i l l b s p a y a b l e s - r n i - m l u a l l y
T e x a s . — P r o p o s e d C o n s t i t u t i o n a l A m e n d m e n t s D e .fe i t e d . —
T h e s u b m i s s i o n o f t h e C o n s t i t u t t o n a l a n w n d m •» s t o t h e o n t h e fir s t d a y s o f J a n u a r y a n d J u l y a u d t n e p r i n c i p a l w i l l
m a t u r e J a n u a r y 1, 1 9 .6 ,
c i t i z e n s o f T e x a s o n A u g u s t 3 , 1897, r e s u l t e d in o n e o f t h e
T e m p o r a r y L o a n s . — P r o p teals w i l l b e r e c e i v e d a t t h e s a m e
l i g h t e s t v o t e s e v e r c a s t in t h a t S 'a t e . T h e a m e n d m e n t s a s t it h e a u d p l a c e a s a b o v e f o r i l ia f o l l o w i n g lo a n s :
S L 0 8 0 ,o 0 0 o f 4 p e r o u t c e r t i f i c a t e * o f i o d - b t s d n e s s , is s u e d
d e s c r i b e d in t h e C h r o n i c l e o n J u l y 8 1 , 1 * 9 7 , a r e a s f o l l o w s :
A m e n d i n g A r t i c l e 8 o f t h e C o n s t i t u t i o n o f T e x a s s o a s t o i n a n t i c i p a t i o n o f t a x e s t o b e l e v i e d in 1 837, a s p r o v i d e d f o r
in S e c t io n 3 o f O b a p t - r 183 o f t h e L a w s o f 1896, a u d a r e s o l u
p e r m it th e fo r m a tio n o f ir r ig a t io n d is r io ts in W e s t T e x a s .
A m e n d i n g A r t i c l e t l o f t h e U o i .s t i t u t io n v a l i d a t i n g b o n d s t io n o* t h e C o m m o n C o u n c i l p a s s e d J u l y 19. 1897.
$ 1 ,0 0 0 0 00 o f 4 p e r c e n t t a x o e r tific .it-* * .
T i l ls lo a n is is s u e d
h e ld b y t h e S ta te as a n i n v e s t m e t t f o r th e p e r m a n e n t s c h o o l
u n d e r t h e p r o v is i o n s o f B e o t ia n SO o f l i t l e 2 o f C h a p t e r 5 8 8 o f
fu n d
A m e n d i n g S e c t i o n 8 o f A r t i c l e 11 o f t h e C o n s t i t u t i o n o f t h e L a w * o f 1 88 8 , a n d a r e s o l u t i o n o f t h e C o m m o n C o u n c i l
T e x a * a u t h o r i z i n g a i l c o u n t i e s in t h e g r a t e l y i n g s . > u i h c f p a ss e d J u n e 7 , 1897. T h e r e s o l u t i o n a u t h o r i z e s t n e lo a n i n
t h e c o u n t i e s o f J e f f D a v is , R e e v e s , W a r d , E c t o r , M i d l a n d , a n t i ip a t t o n o f t h e c a l l c t i o n o f t a x e s l e v i e d in t h e y e a r 1398.
T h e a b o v e c e r t i f i c a t e s w i l l b e in d e n o m i n a t i o n * o f $ 1 ,0 0 0
G l a s s c o c k , S t e r l i n g , C o k e a n d R u n n e l* , a n d s o u t h a n d w > e t
o f t b e C o l o r a d o R i v e r ; a l s o a i l t h o s e c o u n t i e s w . at o f H a r d e e a c h , d a t 'd A u g u s t 2 4 , 1 897. a u d m a y b e e i t n e r r - g i a t - r e d o r
T h e in t e r .-a t w i l l b e p a r a b l e a t m a
m a n , K n o x a n d H a s k e l l a n d n o r t h o f F i s h e r , S c u r r y , B u r d e n , m a d e p a y a b le t o b e a r e r .
D a w s o n a n d G a i n e s ; a ls » t h e c o u n t i e s o f M a t a g o r d a at 4 B r a t u r it y a n d t h e p r i n c i p a l w i l l m a t u r e in e i g h t m o n t h * f r o m
d a t e o f if * u e .
z o r i a , t o g i v e a i d in t h e c o n s t r u c t i o n o f r a i l r o a d * b y t h e is s u
B o n d s P r o p o s e d — T b e M i y o r a n d C o m ; t ro lle r o f th e c it y
a n ce o f b o n d s o r o t h e r e v i d - n e ,* o f in d e b te d n e s s , w i i - a a u
o f B r o o k l y n h a v e d e c i d e d t o is s u e $ 1 0 0 ,0 0 0 o f b o n d s f o r t h e
th o r iz e d th e r e to b y a m a jo r it y o f a a v s u e t c o u n t y .
p u r p o s e o f p a v i n g v a r i o u s s tr e e t* in t n e T w e n t y - s i x t h W a r d ,
F r o m t h e u n o ffic ia l r e tu r n s o f th e S ta t e i t a p p e a r s t h a t th e
T he b o n d s , w h e n i s s u e d , w i l l m a t u r e i o f i v e y e a r * f r o m t b e
m a jo r it y a g a in s t th e ir r ig a t io n a m e n d m e n t w ill b e o v e r
d a te t d t h e lo a n .
B u f f a l o , N . V .— T e m p o r a r y L o a n .— t h e c i t y o f B u f f a l o h a s
30,000, a g a i n * : t h e v a l i d a t i n g o f b o n d s o v e r 12,000 a n d * g a in s t
t b e r a i l r o a d b o n d s o v e r 4 2 ,0 0 0 . T h e t o t a l v o l e w i l l b e b u t a w a r d e d a t e m p o r a r y l o a n b o n d o f $ 5 )1 11 t o t h e C o m p t r o l l e r ,
a t p a r, in tr u s t f o r t he r e d e m p tio n b o n d s in k in g f u n d .
The
l i t t l e o v e r 1)0,000.
b o n d t* d a t e d J u l y 12, 1897, a n d w i l l b e a r i n t e r e s t at t h e r a t e
o f 8 p e r c e n t , p a y a b l e t h e firs t d a y s o f J a n u a r y a n d J u l y , T h e
p r i n c ip a l w i l l m a t u r e J u l y J, 1898.
C a n t lit l i lg e , H a s * — B o n d O f f e r i n g .— P r o p o s a l s w i l l b e r e
week have been m follows.
c e i v e d n n r il 12 o 'c l o c k n o o n , A u g . 17, 1897, o y C i t v T r e a s u r e r
W . W . D d l i n g e r , f o r t h e p u r c h a s e o f $ 1 0 0 ,0 0 0 o f
p ercen t
A d a ir C o u n t y , tin .— B o n d i A u th o r iz e d . — O n A u g u s t 3,
“ G a u i b r i - L e W a t e r L o a n ” r e g i s t e r e d b o n d s , in d e n o m i n a 1897, t h e c i t i z e n * o f A d a i r C o u n t y v o t e d i o f a v o r o f I—t u in g
lio r w o f $ 1 0 ,0 0 0 , if a n y m u l t i p l e o f t n i s a u r n , a n d d a t e d J u l v
b o n d s t o t h e a m o u n t o f $ 5 9 .0 0 0 f o r t h e p u r p o s e o f b u i l d i n g a
1, 1897.
I n t e r . - ', w i l l b e p a y a b l e s e m i - a n n u i l l y , a u d t h e
n e w c o u i t h o u s e . T h e v o t e w a s 2 ,9 9 9 f o r t b * i s s u e a n 1 6 4 ')
a g a in s t,
p r i n c ip a l w i l l m a t u r e in t w e n t y y e a r * f r o m d a t e o f is s u e .
A s t o r i a , I I I . — B o w l s P r o p o - d , — T h e v i l l a g e o f A s t o r i a h a s T h e b o n d * a r e t o b e i-x u e d u n d e r a u t h o r i t y c o n f e r r e d b y
u n d e r c o n s i d e r a t i o n t h e i s s u i n g o f b o n d * f o r t h e p u r p use o f C h a p t e r 100 o f t h e A c t s o f IS i t .
b u ild in g a w a t e r w o r k s .
i u n io n , S .
B o n d s D e f e a t e d , — O n A u g u s t , 3 , 1897, t h e
A s t o r i a , O r e . — B o n d N i n e s — A s p e c i a l d i s p a t c h f r o n A s c i t iz e n * o f C a n t o n v o t e d a g a r n - t t h e i s s u i n g o f $ 2 ,0 0 0 o f s c h o o l T h e v o t e a g a i n s t t h e p r o p o s it i o n w a s a t t h e
t o r i a t o th<' “ O r e g o n i a n " o f P o r t l a n d t in d e r d a t e o f A u g u s t h o u s e L i n d - ,
t o 1.
4 , s a y s : “ T h e n e w is s u e o f $ 9 9 ,0 0 0 8 p e r c e n t b o n d s w a s r a t e o f 2
s i g n e d , s e a le d a n d p l a c e d t o t h e h a n d * o f ( M v T r e a s u r e r
C i n c i n n a t i ( O h i o ) S c h o o l D i s t r i c t . — B o n d O f f e r i n g .— P r o
p o s a ls w ill b e r e c e i v e d u n t i l 1 2 o 'c l o c k n o o n S e p t e m b e r 1 3,
C o n n t o - d a y . T b e b o n d s w ill b e d e l iv e r e d t o M o r r i s ® W h i t e h e a d ,
t h e p u r c h a - v r s . a s s o o n a * t h e y t u r n In c i t y w a r r a r t s , f o r 1897. b y t h e B o a r d o f E d u c a t i o n , c a r e o f G e o r g e R . G r if f i t h s ,
w h i c h t h e h o o d s a r e t o b e e x c h a n g e d a t p a r v a l u e , w i t h a c C le r k , f u r t h e p u r c h a s e o f $ 5 0 ,0 9 0 o f 4 p e r c e n t b o n d s . T h e
c r u e d in te r e s t.
T h e b o n d s w i l l t a k e u p a ll o u t s t a n d i n g w a r -••curitK - a r e is s u e d in a c c o r d a n c e w i t h a n a c t o f t b e G e n e r a l
r a n t o p r i o r t o t h e i s s u e o f A o r i l 1, 1897. T h i s is s u e w a s r e
A s s e m b l y o f t h e S t a t e o f O h i o , p a s s e d M a r c h 2 9 , 1 896, a n d
w it h a r e s o l u t io n o f t h e B o a r d o f E d u c a t i o n p a s s e 1 A u g u s t 3 ,
c e n t l y d e c l a r e d l e g a l b y t h e S u p r e m e C o u r t .”
1897. T h e b o n d s a r e i o d e n o m i n a t i o n * o f $ 5 0 0 , d a t e d S e p t e m
A u r o r a , d o . — B o n d S a l e . — t h e c i t y o f A u r o r a b a a g o ld
b e r 1 , 1896. T h e i n t e r e t, w i l l h e p a y a b l e s e t n i a n n u a l l y a t t h e
$ 1 2 ,0 0 0 o f r e f u n d i n g b o n d s t o a n I l li n o is c o m p a n y , w h o t o o k
A m e r i c a n E x c h a n g e N a t io n a l B a n k o f N e w ' Y o r k C i t y ,
The
t h e m a t 5 p e r c e n t in t e r e s t .
J o h n D , P o r t e r o f S p r in g fie ld
p r i n c ip a l w i l l m a t u r e S e p t e m b e r 1 , 1 93 6 , b u t is r e d e e m a b l e a t
o f f e r e d t o t a k e t h e b o n d * t o b e a r in t e r e s t a t h % p e r c e n t . T h e
t h e o p t i o n o f t h e B o a r d o f E d u c a t i o n a f t e r S e p t e m b e r 1 , 1906.
s e c u r i t i e s a r e t o r e f u n d t h e p r e s e n t in d e b t e d n e s s o f t h e c i t y ,
N o b id w i l l b e r e c e i v e d f o r le e s t h a n p a r , a n d a c c r u e d i n t e r e s t
w h i c h h a s b e e n d r a w i n g 8 m r c e n t i n t e r e s t . T h e lo a n w ifi
A ll p ro p o s a ls
m a t u r e in t w e n t y y e a r s f r o m d a t e o f is s u e , b u t w i l l b e t o d a t e o f t r a n s f e r w i l l b o a d d e d t o t h e p r i c e .
m u s t b e a c c o m p a n ie d b y a c e r tifie d c h e c k , p a y a b le to t h e o r
p a y a b le at th e o p t io n o f t h e c i t y a f t e r liv e y e a rs .
B a n c r o f t , N e b .— B o n d S a l e .— T h e c i t y o f B a n c r o f t h a s d e r o f t h e B ia r d o f E d u c a t i o n , f o r 5 p e r c e n t o f t h e g r o s s
a w a r d e d i o O . C . T r o x e l l o f O m a h a , $3,o<J0 o f 6 p e r c e n t w a t e r
a m o u n t o f t h e b o n d s h id f o r .
C l e v e l a n d , ( ) . - B o n d O f f e r i n g .— P r o p o s a l * w i l l b e r e c e i v e d
b o n d s . A b id w a s a l s o r e c e i v e d f r o m R . C . P e t - r s o f O m a h a .
u n t i l 12 o ’ c l o c k n o o n S e p t . 2 , 1897, b y H . L . R o s a it e r , C i t y
B a r n e s v i t l e , O h i o . — B o n d S a l e .— T h e F i r s t N a t i o n a l B a n k
A u d i t o r o f C le v e l a n d , f o r t h e p u r c h a s e o f $ 2 5 0 ,9 0 0 o f 5
o ! B a r n e a v ille h a s b e e n a v a r d e d 1 1 8 ,0 9 0 o f
per cen t
p er ce n t P u b lic L ib ra ry
cou p on bond*.
T h e « » c u r i t ie 3
y e a r ( a v e r a g e ) b o n d s a t 107*5561.
I l a y O i l y l U c h .— B o n d N e w s .— T h ® W a y s a n d M e a n s 'C o m a r e in d e n o m i n a t i o n * o f $ 1 ,6 0 0 , d a t e d O c t o b e r 1, 1897 , w i t h
m i t t e e o f t h e C o u n c i l o f B *y C it y a r e c o n s i d e r i n g t h e r e c in t e r e s t p a y a b l e s e m i - a n n u a l l y . T h e p r i n c i p a l w i l l m a t u r e
O c t o b e r 1, 1917. b o t h p r i n c i p a l a n d in t e r e s t b e i n g p r y t i b l e a t
o m m e n d a t i o n o f C i t y C o m p t r o l l e r A m o ro * * * t o a w a r d t,o
t h e A m e r i c a n E x c h a n g e N a t i o n a l B i n k o f N e w Y o r k C it y .
D ie t z , D - a f o o o & P r i o r , t h e t h i r d h i g h e s t b i d d e r , t h e r e c e n t
N o b id * f o r le ss t h a n p a r a n d a c c r u e d in t e r e s t t o d a y o f d e
im m o f P V W 6 o f 4 p e r c e n t c i t y h a ll b o n d s .
A s r e p o r t e d in
l i v e r y w ill b e a c c e p t e d . A c e r t i f i e d c h e c k d r a w n o n a N a t io n a l
t h e C h r o n i c l e o n J u l y 8, 1897, t h e s e b o n d s w e r e a w a r d e d t o
B a n k f o r 5 p e r c e n t o f t h e a m o u n t o f b o n d * b id f o r , a n d p a y
C . H . W a i t s & C o . o f N e w Y o r k , b u t t h is h o u s e , i t is s t a t e d ,
n o w r e fu s e s to ta k e th e m o n th e g r o u n d th a t t h e y c a n n o t be
a b le t o t h e o r d e r o f t h e C it y T re a s u re r, m u c h a c c o m p a n y e a c h
b id .
is s u e d a s o r i g i n a l l y a u t h o r i z i d .
T h e L lt n p r e c h t B r o s . G o .,
T h e Stre et R a il w
n is h e d w ith o u t e x tr a
C h r o n ic l e .
S u p p l e m e n t w ill lik e w is e b e fu r
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T b e a b o v e E e r u r itie s a r e i s t u t d u n d e r a u t h o r i t y o f s e c t io n s
11 a n d 12 o f Bn A c t o f G e n e r a l A s s e m b l y o f t h e S t a t e o f O h io ,
p a s s e d A p r i l 2 2 , 1 69 6 , a n d a r e s o l u t io n o f t b e P u b l i c L i b r a r y
B o a r d o f i b e c i t y o f C le v e l a n d p a s s e d A u g u s t 2 , 1897. T b e
g
p r c c e s d s o f t b e -lo a n w i l l b e u s e d in o b t a i n i n _ l a.n d a n d e r e o t --------ML
i n g t h e r e o n b u i l d i n e o r b u i l d i n g s f o r a P u b l i c L ib r a r y ,
C o l l e g e P o i n t , N . Y . — B o n d . S a l e .— O n A u g u s t 9 , 1897, t h e
v i l l a g e o f C o l l e g e P o i n t a w a r d e d t h e $ 2 5 ,0 0 0 o f 4 p e r c e n t
w a t e r - t o w e r b o n d s t o N . W . H a r r i s & C o . a t 1 1 0 '8 1 9 . T h e
b o n d s a r e o f t h e d e n o m i n a t i o n o f $ 1 ,0 0 0 , a n d t h e p r i n c ip a l
w i l l m a t u r e in f o r t y y e a r s f r o m d a t e o f is s u e .
T b e f o l l o w i n g is a c o m p l e t e lis t o f b i d s :
N. W . H arris * Co.. S e w Y o rk . 110'810 ‘I E. D. Shepard & Co., N ew Y ork. 108*69
-----W hann A Schlessineer, N. Y. .108*51
Isaac W . Sherrill. P o ’ keepsie....JOV> 72
W ilson A Stephens. N ow York..1<H< 02 I Parson. L ea ch A Co., New York. 107*63
G eorjio M. H ahn. N ew Y ork.......109*30 I E. B. U nderhill. Jr.. N ew Y o r k .. 107*01
C. 11. W h ite A Co.. New Y o r k ... 100*314 |Edw. C. Jon es Co , New Y ork.. .,106*27
L . W . M orrison. N ew Y o rk .........109*085 ; Street, W yk e s A Co.. New York. 106*00
J. A W. Selitrcnan & Co., N. Y — 105*09
R ob erts & Co., New Y o r k .........109*06
R u dolph K leybolte A Co., N. Y..109 03 j Ben well A Everitt, N ew Y o rk ... 105*02
T h e Lampret-ht Urns. Co. C lev’d lO* 875 Dan’I A. M oran A Co.. N. Y ........102*06
Bert run a Storm New Y ork — 108*72 .
B o n d s A u t h o r i z e d . — O n a u g u s t 11, 1897, t b e c it iz e n s o f
C o l l e g e P o i n t , b y a v o t e o f 161 t o 5 2 , d e c i d e d u p o n is s u in g
b o n d s t o t b e a m o u n t o f $ 1 1 5 ,0 0 0 f o r t h e p u r p o s e o f m a c a d a m
i z i n g a n d i m p r o v i n g t h e v i l l a g e s t r e e t s a n d s id e w a l k s .
N one
b u t p r o p t r t y o w n e r s w e r e a l l o w e d t o v o t e , in a c c o r d a n c e
w i t h a l a w o f t h e la s t L e g i s l a t u r e , w h i c h p r o v i d e s t h a t onlyf r e e h o l d e r s a r e e n t i t l e d t o v o t e o n p u b l i c im p r o v e m e n t s .
C o l o r a d o . — B o n d S a le .— T h e S t w e h a s a w a r d e d t h e $ 20 0 ,000 o f C o l o r a d o r i o t b o n d s t o t h e f o l l o w i n g f i r m s :
G eo. D . C ook Co., C h icago........... 112*552 I R u d o lp h K le yb o lte & Co., CinF arson, L each & Co.. Chicago. ...112*5111 ciu n a ti................. ..........................112 508
31.
[V ol. LX V ,
C H R O N IC L E ,
C o l u m b i a C o u n t y ( W a s h . ) S c h o o l D i s t r i c t N o.
—B ond
S a l e .— T h is s c h o o l d i s t r i c t s o m e t i m e a g o s o l d b o n d s t o t h e
a m o u n t o f $ 4 ,2 0 0 t o H . C . B a r r o l l & C o . o f S p o k a n e f o r
$ 4 ,1 1 0 , t h e p u r c h a s e r t o p a y a l l e x p e n s e o f p r i n t i n g b o n d s ,
e t c . T h e s e c u r i t i e s w i l l b e a r in t e r e s t a t t b e r a t e o f 7 p e r c e n t ,
p a y a b le a n n u a lly a t D a y to D . W a s h .
C o l u m b u s , M i s s .— B o n d N e w s .— R e f e r r i n g t o t h e r e c e n t d e
f e a t o f a p r o p o s e d b o n d is s u e o f $ 2 0 ,0 0 0 f o r i m p r o v e m e n t o f
th e w a t e r w o r k s , w e a re a d v is e d b y M r. H . M . L a n ie r, C it y
M a r s h a l, t h a t t h e c i t i z ?ns a r e d i s c u s s i n g a n e w e l e c t i o n , b u t
t h a t it is h a r d l y l i k e l y t h a t a n y t h i n g w i l l b e a c c o m p l i s h e d
very soon .
C r o w l e y , L a .— B o n d I s s u e . —T h e c i t y o f C r o w l e y h a s p r o
v i d e d f o r a n i s s u e o f b o n d s t o b e u s e d in p a r t p a y m e n t f o r
th e w o r k d o n e in e r e c tin g a s y s te m o f w a te r -w o r k s a n d e le c
t r ic lig h tin g .
T h e c o n t r a c t p r i c e f o r t h e w o r k w i l l b e p a id
a b o u t $ 5 ,0 0 0 i n c a s h a n d t h e b a l a n c e in b o n d s o f v a r io u s
a m o u n t s , p a y a b le y e a r l y a n d r u n n i n g t h r o u g h a p e r i o d o f
n o t m o r e t h a n 2 0 y e a r s , a n d w i l l b e a r in t e r e s t a t a r a t e n o t
e x c e e d in g 6 p e r c e n t. T h e c o n t r a c t w ill p r o b a b ly b e a w a rd e d
A u g u s t 31, 1897.
D e l e v a n , M i n n .— B o n d O f f e r i n g .— P r o p o s a l s w i l l b e r e c e iv e d
u n t i l A u g u s t 2 1, 1897, b y O . J . L i e n , V i l l a g e R e c o r d e r , f o r t h e
p u r c h a s e o f $ 5 ,0 0 0 o f 6 p e r c e n t w a t e r b o n d s . T h e s e c u r it ie s
w i l l b e in t h e f o r m o f c o u p o n b o n d s o f $ 50 0 e a c h a n d w i l l b e a r
t h e d a t e o f t h e a c c e p t a n c e o f t h e b id s
T h e in te re s t w ill be
p a y a b le a n n u a l l y a t t h e o f f i c e o f t h e V i l l a g e T r e a s u r e r , o r i n
N e w Y o r k e x c h a n g e . T h e p r i n c i p a l w i l l m a t u r e in t w e n t y
y e a r s f r o m d a t e o f is s u e , b u t is p a y a b l e a t t h e o p t i o n o f t b e
v i l l a g e a f t e r te n y e a r s .
E a s t I s l i p ( N . Y .) S c h o o l D i s t r i c t , N o . 3 — B o n d s A u t h o r
iz e d .— A t a s p e c ia l m e e tin g o f th e t a x p a y e r s o f th is d is trict
o n A u g u s t 1 0 , 1897, t h e i s s u a n c e o f $ 7 ,0 0 0 o f b o n d s w a s a u
t h o r i z e d , t h e s e c u r i t i e s t o b e p a i d i n y e a r l y in s t a lm e n t s o f
$ 1 000 e a c h .
E d i n a h a m , 111.— B o n d O f f e r i n g .— P r o p o s a l s w i l l b e r e c e iv e d
u n t i l 7 :3 0 o c l o c k p . m . , A u g u s t 26, 1 897, b y t b e F in a n c e C o m
m i t t e e o f t h e C i t y C o u n c i l o f E f f in g h a m , f o r t h e p u r c h a s e
o f $ 8 ,0 0 0 o f 5 p e r c e n t s t r e e t - i m p r o v e m e n t b o n d s as a u t h o r
i z e d b y o r d i n a n c e N o . 4 0 . T b e i n t e r e s t o n t h f s e s e c u r it ie s
w i l l b e p a y a b le a n n u a l l y in c u r r e n c y a t t h e o f f i c e o f t h e C it y
T r e a s u r e r , a n d t h e p r i n c ip a l w ill m a t u r e a t t h e r a t e o f o n e
b o n d o f $ 1 ,0 0 0 a n n u a l l y b e g i n n i n g J u l y 1, 1905.
E U s w o r i h , l a . — B o n d s A u t h o r i z e d . — A t a s p e c i a l e le c t io n
t h e c i t i z e n s o f E l l s w o r t h v o t e d i n f a v o r o f is s u i n g b o n d s f o r
s c h o o l-h o u s e im p r o v e m e n ts .
E m e r y C o u n t y , U t a h .— B o n d S a l e .— O n J u l y 2 3, 1897, th e
c o u n t y s o ld t o t h e S t a t e L a n d C o m m i s s i o n e r s o f U t a h $8,500
o f 6 p er c e n t r e fu n d in g b o n d s.
T h e in t e r e s t u p o n t h e s e ’ se
c u r i t i e s w i l l b e p a y a b le s e m i - a n n u a l l y o n t h e fir s t d a y s o f
J u n e and D ecem b er.
E s t t l l C o u n t y , K y . — A t t e m p t e d R e p u d i a t i o n . — A. s p e c ia l
d is p a tc h to th e “ L o u is v ille C o m m e r c ia l” f r o m F r a n k fo r t,
d a t e d A u g u s t 7, 1897, s a y s : “ J u d g e W . M . B e c k n e r o f W i n
c h e s t e r a n d a tt o r n e y s W h it e a n d W e s t .o f I r v in e w e r e h ere
t o - d a y a n d file d a p e t i t i o n f o r r e - h e a r i n g in t h e C o u r t o f
A p p e a l s in t h e c a s e o f E s t ill C o u n t y a g a i n s t B e n n e t t H .
Y oung.
T h i s c a s e h a s b e e n d e c i d e d t * i c e in f a v o r o f C o ) .
Y o u n g , a n d is o n e in w h i c h t h e c o u n t y s o u g h t t o r e p u d ia t e
it s b o n d s , a n u u n t i n g t o $ 5 0 ,0 0 0 , w h i c h w e r e v o t e d f o r t h e
b u i l d i n g o f t h e R i c h . N i c b o l a s v i l l e I r v i n e & B e a t t y v il l e R R ’ •
F i n d l a y , O h i o . — B o n d S a l e . — T h e C it y C o u n c i l o f F in d la y
h a s a w a r d e d $ 1 7 ,0 0 0 o f r e f u n d i n g w a t e r b o n d s t o t h e G a s
T r u s t e e s . T h e $ 1 7 ,0 0 0 is t o r e f u n d t h e b a l a n c e o f th e $25 000
o f b o n d s f a l l i n g d u e S e p t e m b e r 1, 1 89 7 , w h i c h t h e W a t e r
W o r k s D e p a r t m e n t w i l l he u n a b l e t o m e e t a n d w i l l b e c a r r ie d
b y th e G aa T ru ste e s u n til lifte d b y th e T ru ste e s o f th e w a te r
w ork s.
F l u s h i n g , N . Y .— B o n d S a l e .— T h e F l u s h i n g $ 5 0 ,0 0 0 o f 4
p e r c e n t g o ld r o a d b o n d s w e r e a w a r d e d to L e la n d , T o w le &
C o . o f B o s t o n a t 1 05 -1 7 . T h e p r i n c i p a l w i l l m a t n r e in fr o m
t h r e e to J lw e D ty -tw o y ea rs.
T l e f o l l o w i n g is a c o m p l e t e l is t o f b i d s r e c e i v e d :
L elan d , T ow le & Co., B o s to n .,,.105*17
R oberta & Co., New Y «.rk----------101*91
W ilson & Stephens. N ew Y ork .104*87
F arson, L e a ch & C o., N. Y ...........101*79
Seym ou r B ros. A Co.. N. Y
..104*67
N. YV. H arris A Co., N ew York.. 101 *56
Street, W yk e s & Co., N. Y ........ 104*.vi
YYalter Stanton A Co., N. Y ........ 103*9n5
B ertron A Storrs, N ew Y o r k ....103*95
R. L . Day & Co., N ew Y o rk ......... 103*89
L. W . M orrison, N ew Y o r k .........103*87
Isaac W . Sherrill, Pou£rhkeepsiel03*85
C. H . W h ite A C
N «w York. ..103*71
G eo. M Ila h n , N ew Y o r k ........... 103*69
R u d olp h K le y b o lte A Co., N. Y..10Y61
S. A. K ean C hicago
................103*60
T h e Lam ire cb t Bros. C ». C lev .103*51
Edw. C Junes Cj.. -»ew York
.
103*279
E. B. Underhill. Jr.. New Y ork 103*276
Benw ell & E v eritt, N ew Y o r k ...103*18
J. & YV. Selimn » A Co.. N. Y . . .. 1 0 c l 0
W h a n n & Schlessinger, N. Y . . . . 103*03
F u l l e r t o n , C a l .— B o n d S a l e . — B o n d s t o t h e a m m a t o f
$ 2 0 ,0 0 0 h a v e b e e n s o l d b y t h e W a t e r B i a r d o f F u l l e r o n .
F r e m o n t , N e w a y g o C o u n t y , M ic h .— B o n d O ffe r in g .— P r o
p o s a ls w ill b e r e c e i v e d u n t i l A u g u s t 2 0, 1 89 7 , b y C . D . F o r e
m a n , V i l l a g e C le r k , f o r t h e p u r c h a s e o f $ 1 0 ,0 0 0 o f 5 p e r c e n t
e le c tr ic -lig h t b o n d s.
T h e s e c u r itie s a re in d e n o m in a tio n s o f
$ 1 ,0 0 0 e a c h , d a t e d S e p t e m b e r 1 ,1 8 9 7
T h e in t e r e s t w i l l b e
p a y a b le a n n u a l l y a t J . T . R e y n o l d s & C o . o f F r e m o n t .
The
p r i n c i p a l w i l l m a t u r e a t t h e r a t e o f $ 1 ,0 0 0 a n n u a l l y , b e g i n n i n g
S e p t e m b e r 1. 1 900.
G n l i i p o l i s , O h i o . — B o n d S a l e . — O n A u g u t 10, 1 897, t h e c i t y
o f G a l b p o l i s a w a r d e d $ 1 0 ,5 0 0 o f 5 p e r c e n t r e i e m j ' i o n b o n d s
t o R u d o l p h K l e y b o l t e & C o ., C i n c i n n a t i , O b i \ , f o r § 1 1 ,4 5 5 5 0.
T h e f o l l o w i n g is a c o m p l e t e l i s t o f t h e b i d s r e c e i v e d :
Rudolph K leybolte A Co.. C incinnati..........
A tlas N ational Bank, C incinnati.................
S eason good A M ayer. C in cin n ati..................
N. Y r. H arris & Sons. C h ica g o .....................
\
C en treville N ational Bank. Thurm an.........
W . J. H ayes & Sons. C levelan d...................
A . T . Sutherland, A gent, G allipolis, Ohio,
S. A . K ean, C h icago ........................................
T row brid ge A C
Chicago ...........................
Farson, L e a cn A Co., C h ica g o .....................
.$11,455 50
. 11.450 00
. 11,418 75
.. 11.268 00
. 11.188 C
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T h e s e cu r itie s a re o f t h e d e n o m in a t io n o f $506, d a t e d A u g .
2 5, 1 8 9 7 ; in t e r e s t is p a y a b l e s e m i - a n n u a l l y a t t h e o f f i c e o f t b e
C it y T r e a s u r e r a n d t h e p r i n c i p a l w i l l m a t u r e 20 y e a r s f r o m
d a t e o f is s u e .
n i b s o n b a r g , O h i o — B o n d O f f e r i n g .— P r o p o « a 's w i l l b e r e
c e i v e d u n t i l S e p t . 1, 1897, b y t h e v i l l a g e o f G i b s o n b u r g , f o r
t h e p u r c h a s e o f $ 1 0 ,0 0 0 ,o f 6 p e r c e n t s t r e e t i m p r o v e m e n t b o n d s .
G l y n n C o u n t y , G a .— B o n d E l e c t i o n . — A n e l e c t i o n w i l l b e
h e ld i n G l y n n C o u n t y o n A u g . 2 7, 1 8 9 7 , t o d e c i d e t b e q u e s t i o n
o f is s u in e b o n d s t o p a y t b e c o s t o f a n e w c o u r t h o u se .
G r a f t o n , VY. Y a . — B o n d O f f e r i n g .— P r o p o s a l s w i l l b e r e
c e i v e d u n u l 12 o ’ c l o c k n o o n , S e p t e m b e r 1, 1 8 9 7 , b y A . R .
W a r d e n , C h a ir m a n o f t h e F i n a n c e C o m m i t t e e o f G r a f t o n , f o r
t h e p u r c h a s e o f $ 1 0 ,0 0 0 o f 5 p e r c e n t w a t e r w o r k s e x t e n s i o n
bon ds.
T b e s e c u r i t i e s a r e in d e n o m i n a t i o n s o f $ 5 0 0 ; i n t e r e s t
p a y a b l e a n n u a l l y o n S e p t e m b e r 1, a t t h e F ir s t N a t i o n a l B a n k
o f G r a fto n .
T h e b o n d s w i l l b e d a t e d S e p t e m b e r 1, 1 8 9 7 , a n d
t h e p r i n c i p a l w i l l m a t u r e S e p t e m b e r 1, 1 9 1 7 , w i t h a n o p t i o n
o f c a l l t e n y e a r s f r o m d a t e o f is s u e .
T h e b o n d s a r e is s u e d
p u r s u a n t w i t h C h a p t e r 141 o f t b e A c t s o f 1872 a n d 1 873 o f t h e
L -g is la t u r e o f W e s t V ir g in ia , a n d w it h o r d in a n c e s p a ss e d b y
t b e C o u n c i l o f t h e t o w n a n d r a t if i e d b y t h e v o t e r s t h e r e o f .
G r e e n f i e ld (M a s s ) F ir e D i s t r i c t N o. 1 — L o a n A u t h o r i z e d .
— T h e d i s t r i c t h a s a u t h o r i z ’ d a l o a n o f $3 0 00 f o r t b e u s e o f
th e F ire D e p a itm e n t.
T h e lo a n w i l l b e a r i a t e r e s t a t t b e r a t e
o f 4 p e r c a n t , p a y a b le a t G r e e n f i e l d i n c u r r e n c y , a n d w i l l
m a t u r e $ 1 ,0 0 0 a n n u a l l y , b e g i n n i n g O c t o b e r 15, 1 898. T h e
d a t e o f s a le h a s n o t y e t b e e n d e t e r m i n e d u p o n .
G r e e n T o w n s h ip , O h io .— R o a d b o n d s to t t e a m o u n t o f
$ 1 0 ,0 0 0 h a v e b e e n s o ld b y t b e T o w n s h i p C o m m i t t e e .
G r e e n w o o d , S . 0 . — B o n d E l e c t i o n . — I t is r e p o r t e d t h a t t h e
C o m m o n C o u n c i l o f G r e e n w o o d w i l l b e p e t it i o n e d t o o r d e r a n
e le c t io n to v > te o n is s u in g b o n d s fo r w a te r w o r k s a n d a n e le c
t r ic -lig h t p la n t.
H e a l d s b u r g , C a l .— B o n d s P r o p o s e d — A p r o p i s i t i o n t o
is s u e f r o m $ 6 0 ,0 0 0 t o § 7 5 ,0 0 0 o f b o n d s f o r t h e c o n s t r u c t i o n o f
a w a te r s y s te m w ill b e s u b m itte d a t t b e n e x t m e e tin g o f th e
B o a r d o f T ru ste e s o f t h e c i t y o f H e a ld s b u r g .
H e m p s t e a d (N . Y .) U n i o n F r e e S c h o o l D i s t r i c t N o . 23.—
B o n d S a le.
O n A u g u s t 12, 1 89 7 , t h e S c h o o l d i s t r i c t a w a r d e d
t o W a l t e r S t i n t o n & C o . $ 8 0 ,0 0 0 o f 5 p e r c e n t s c h o o l b o n d s .
T h e f o l l o w i n g f i r m s a l s o b id f o r t h e b o n d s , b u t t h e P r e s i d e n t
o f th e B o a r d o f E d u c a t io n d e c lin e d t o s ta te th e a m c u n t s b id :
W ilso n A Stephens, N ew Y ork.
F arson, L e a ch A Co., N ew v ork.
S eym our B ros. & Co., N ew York.
B ertron A Storrs, New York.
I. W . Sherrill A Co.. P ou gh keepsie.
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I E dw . C. J o n e s Co., New Y ork.
E . IJ. U nderhill Jr., N ew Y o rk .
I C. H . YVhite A Co., N ew York.
|E. D. Shepard & Co., N ew Y ork.
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h e l d i n H o l l y S p r i n g s o n A u g u s t 9 , 1 89 7 , t h e p e o p l e v o t e d
o v e r w h e l m i n g l y in f a v o r o f t b e is s u a n c e o f $ 4 3 ,0 0 0 o f b o n d s
fo r t b e co n s tr u c tio n o f w a te r w o r k s a n d a n e le c t r ic lig h t
p la n t.
I L a n t g v i l l e , T e x a s . — B o n d O f f e r i n g .— R e f e r r i n g t o t h e
o f f e r i n g in t b e C h r o n i c l e o f J u l y 3 1, 1897, s o l i c i t i n g b i d s f o r
$ 1 2 ,5 9 0 o f 6 p e r c e n t w a t e r - w o r k s b o n d s , w e a r e n o w a d v i s e d
i h a t p r o p o s a l s w ilt b e r e c e i v e d u n t i l S e p t e m b e r 7 , 1 8 9 7 , b y
J . G . A s h fo r d , M a y o r o f H u n ts v ille .
T h e s e cu r itie s w ill be
i n t h e f o r m o f c o u p o n b o n d s o f $ 509 e a c h , d a t e d J u l y 1, 1 8 9 7 ,
w i t h in t e r e s t p a y a b le s e m i - a n n u a l l y o n t h e fir s t d a y s o f J a n
u a r y a n d J u ly a t th e H a n o v e r N a tio n a l B a n k o f N e w Y o r k
C i t y . T h e p r i n c ip a l w i l l m a t u r e J u l y 1 , 1 93 7 , r e d e e m a b l e
a f t e r t e n y e a r s f r o m d a t e o f i s s u e . P r o v i s i o n is m a d e i n t h e
t a x le v y f o r a s in k in g fu n d o f 2 p e r c e n t . A H p r o p o s a ls m u s t
b e a c c o m p a n i e d b y a c e r t i f i e d c h e c k f o r $ 25 0 .
I p a r a , 111. - B o n d N e w s .— R e g a r d i n g a r e p o r t t h a t h a s b e e n
c u r r e n t th a t t h e v illa g e o f I p a v a h a s a u t h o r iz ’ d a n iss u e o f
b o n d s , w e a re a d v is e d b y M r. B . E . F le m in g , V illa g e T r e a s
u r e r , t h a t t h e r e p o r t is w i t h o u t f o u n d a t i o n a n d t h a t t h e v i l
l a g e d o e s n o t e x p e c t t o is s u e a n y b o n d s a t p r e s e n t .
J a m a i c a (N . Y .) U n i o n F r e e S c h o o l D i s t r i c t N o 7 .— B o n d
O ff e r in g .—S e a le d p r o p o s a ls w i l l b e r e c e iv e d u n t il 8 o ’ c l o c k P .
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TH E
C H R O N l t 'L E .
293
M ,, A u g . 1 4. 1 83 7 , b y t h e B o a r d o f E i u c a t i o n , U n i v e r s i t y
T h e f ir s t b o n d o f e a c h o f t h e a b o v e s e r ie s w i l l b e p a y a b le
P l a c e a n d R o c k a w a y P l a n k R o a d , W o o d h a v e n , f o r t h e p u r o u t o f t h e f u n d s o f t h e r e s p e c t i v e d i s t r i c t s o n t h e f ir s t d a y o f
c h a s e o f $ 8 8 .0 0 o f 5 p e r c e n t r e g i s t e r e d c o u p o n b o n d s ,
T h e M a r c h , 1899, a n d o n e b o n d e a c h y e a r t h e r e a ft e r u n til a ll
s e c u r i t i e s a r e i n d e n o m i n a t i o n s o f $ 1 ,0 0 0 e a c h , w i t h i n t e r e s t
a r e p a id .
p a y a b le s e m i-a n n u a lly o n t h e fifte e n th o f F d o r n a r y a a d A u
T h e in te r e s t w i l l b e a t th e ra te o f 9 p e r c e n t , p a y a b le s e m i
g u s t , e x c e p t t h a t t h e in t e r e s t f o r t h e fir s t y e a r w i l l b e a n n u a l
a n n u a l l y o n t h e fir s t d a y s o f M a r c h a n d S e p t e m b e r ,
The
a n d p a id A u g . 1 5 , 1 89 8 . T n e p r i n c i p a l w i l l m a t u r e a t t h e r a c e
s e c u r i t i e s a r e is s u e d u n d e r a n d p u r s u a n t t o t h e p r o v i s i o n s o f
o f $ 2 ,0 0 0 a n n u a l l y , b e g i n n i n g w i t h t h e y e a r 1910,
S e c t io n 2 7 u 4 o f ch e R e v i s e d S t a t u t e s o f O h i o a n d a n o r d i n a n c e
E a c h b id m u s t b e a c c o m p a n ie d b y a c e r tifie d c h e c k fo r
o f t h e c i t y o f M a r t in s F e r r y p a s s e d J u l y 1 7, 1897. N o b id s
$ 1 ,0 0 0 , p a y a b l e t o t h e o r d e r o f F r a n k l i n H . C o r w i n , T r e a s u r e r ,
w i l l b e r e c e i v e d f o r le s s t h a n p a r ,
a n d d r a w n u p o n a S ta te o r n a tio n a l b a n k .
M e m p h is ,
M o .— B o n d
I s s u e rD e f e a t e d . — O w i n g t o t h e
L a n c a s t e r , O h i o . — B o n d O f f e r i n g .— S e a l e d p r o p o s a l s w i l l
la te n e s s o f th e s e a s o n t h e C it y C o u n c il o f M e m p h is h a s d e
b e r e o i v e d u n t i l 13 o ’ c l o c k n o o n , A u g u s t 17, 1 89 7 , b y H . T .
c i d e d l o d e f e r t a k i n g a D y a c t i o n u p o n t h e p r o p o s e d is s u e o f
M e c h lio g , C le r k o f th e c i t y o f L a n c a - t - r , f o r th e p u r c h a s e o f
$ 2 ,( 0 0 o f w a t e r - w o r k s b o n d s . T h e q u e s t i o n w i l l b e b r o u g h t
$ 1 0 ,0 0 0 o f 6 p e r c e n t b o n d s . T h e s e c u r i t i e s a r e in d e n o m i n a
u p a g a in e a r ly n e x t y e a r .
t i o n s o f $ 1 ,0 0 0 , d a t -d A u g u s t 1, 1891, a n d a r e t h e f o u r t h
M e m p h i s , T e a m — T e n d e r s o f B o n d s W a n t e d — S e a le d p r o
s e r i e s , r e d e e m a b l e fi v e y e a r s f r o m d a t e o f is s u e . T h e b o n d s
p o s a ls w i l l lie r e c e i v e d b y W . L . C la p p , M a y o r o f M e m p h is
a r e is s u e d f o r t h e p u r p o s e o f e r e c t i n g a n e w c i t y h a ll, p o r s u
u n t il 12 o ’ c l o c k n o o n , A u g u s t 2 6 , 1897, f o r t h e s a le t o t h e c i t y
a n t w i t h s e c t io n s 3 8 8 3 , 3 8 3 7 a n d 9 8 3 9 o f t h e K m s e d S t a t u t e s
o f M e m p h i s o f $ 2 0 ,0 0 0 in b o n d s , o f e i t h e r t h e T a x i n g D i s t r ic t
o f O h i o , p a s s e d J u n e 8 , 1*89*5. I n t e r e s t w i l l b e p a y a b le s e m i
o r i h e e i i y o f M e m p h is . A d e s c r ip tio n o f th e b o n d s o ffe r e d
a n n u a lly .
B o n d s w ill b e p a y a b le a t t h e o ffic e o f th e C it y
m u st a c c o m p a n y e a ch p ro p o sa l a n d th e b o n d s s o o ffe r e d m u st
T r e a s u r e r a n d w i l l b e s o ld f >r n o t lea s t b s a p a r a n d a c c r u e d
h a v e t h e J a n u a r y , 1898, a n d a l l s u b s e q u e n t c o u p o ns a t t a o h e d .
in t e r e s t ,
A c e r t i f i e d c h e e k f o r t h e s u m o f $20® m u s t a c c o t n
U l l w n u k e e , IV’ l -— B o n d s P r o p o s e d . — t a n C o m m o n C o u n
p a n y e a c h p r o p o s a l.
c i l o f t h e c i t y o f M i l w a u k e e h a s u n d e r c o r s id e -r a t io n a n o r
L e e c h b u r g , P a .— B a n d fk tle .— Q a A u g u s t 11, 1897, t h is d i n a n c e p r o v i d i n g f o r t h e i s s u a n c e o f s c h o o l b u d s t o t h e
m u n i c i p a l i t y a w a r d e d $ 2 1 ,8 0 0 o f 5 p e r c u n t b o n d s t o t h e
a m o u n t o f $ 1 2 0 ,0 0 0 .
D o l l a r S a v i n g s B a n k o f P i t t i b u r g a t IO S'36.
M i s s o u r i V a l l e y ( l a . ) S c h o o l D i s t r i c t — B o n d N a te .— T h e
L e w t - t o n , H e . — B o n d O f f e r i n g ,— P r o p o s a l s w i l l b e r e c e iv e d
s c b o .d d i f t r i c t a w a r d e d t o t h e F ir s t N a li o n a l B a n k o f C h i c a g o
u n t i l 7 o 'c l o c k P. M ., S e p t e m b e r 8 , 1897, b y t h e c i t y o f L s w i a a t p a r §8 .i op o f 5 p e r c e n t b o n d s .
B id s w e r e a l s o r e c e i v e d
t o n , f o r t h e p u r c h a s e o f $ i 0 0 ,0 t 0 o f 4 p e r c e n t r e f u n d i n g
f r o m N . W , H a r r is & C o . o t C h i c a g o a n d o t h e r s . - T h e r e w a s
b o n d s . T h e s e c u r i t i e s a r e t o b e is s u e d t o r e f u n d w a t e r b o n d s
n o p u b lic s a le .
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M L H e a l t h y , O h i o . — B a n d O f f e r i n g .— P r o p o s a l s w i l l b e r e
a n n u a l l y in A p r i l a n d O c t o b e r , a t B o s t o n , M a s s ., o"r L e w i s t o n ,
c e i v e d u n t il 12 o 'c l o c k
d o o d , S e p t e m b e r 8 , 1 89 7 , b y A . B .
M e ., a n d t h e p r i n c i p a l w i l l m a t u r e in t h i r t y y e a r s t r o m d i t e
D o n a m , V i l l a g e C l e r k , f o r t h e p u r c h a s e o f $ 5 ,0 0 0 o f 6 p e r
o f is s u e .
P r in c ip a l a n d ia te r e a : w ill b e p a y a b le in g o ld .
cen t bon d s.
T h e s e cu r itie s a re 1 3 d e f r a y th e v illa g e ’s h a lf o f
L o s A n g e l e s , I ’a t . — J M i P r o p o s e d . — T o e C i t y C o u n c i l o f
t h e e x p e n s e o f i m p r o v i n g t h e s id e w a l k s , a n d a r e is s u e d p u r
L o # A n g e l.-- h a s u n d e r c o n s id e r a t io n a p r o p o s it io n to p u t t
s u a n t w i t h a e c t i m s 3 3 3 1 1 .3 3 8 4 b a n d 2 3 1 4 :, O h io R '.vise d
a v o t e o f t h e p e o p le t h e q u e s tio n o f is s u in g b o n d s f o r th e
S ta tu te s, a n d b y a u t h o r it y o f a n o r d in a n c e o f th e C o u n c il
c o n s tr u c tio n o f a sy ste m o t w a te r w o r k s .
T h e c o s t is e i t i
p a s s e d J u l y 1 9 . 1897.
m a t e d a t $ 3 3 5 ,0 0 0 .
T h e b o n d s w ill b e in d e n o m in a tio n s o f #500 e a c h , d a te d
L o w e d , h a a n ,— B o n d S a l e , — T h e L o w e l l I n s t i t u t i o n f o r S a v S e p t e m b e r 1, 1 8 9 7 ; in t e r e s t w i l l b e p a v a b l e s e m i - a n n u a l l y
i n g s w a s a w a r d e d t h e $ 4 3 ,0 0 0 o f 4 p e r c e n t s c h o o l - h o u s e a n d t h e p r i n c ip a l w ill m a t u r e $ 50 0 a n n u a l l y , b e g i n n i n g S e p b o n d s . T h e a m o u n t p a id f o r th e s e cu r itie s «
103 73 a n d
t e t n b e r 1, 1898.
B o t h p r i n c ip a l a n d i n t e r e s t w i l l b e p t y a b le
$ 2 9 p r e m i u m . T h e p r i n c ip a l w i l l m a t u r e i n f r o m o n e t o te n a t t h e F o u r t h N a li o n a l B a n k o f C i n c i n n a t i . N o b id w i l l b e
yea rs.
r e o i v e d ( o r lea s t h a n p a r , a n d b i d d e r m u s t a l s o p a y a c c r u e d
M a h a t m y C l i y , Pa,—R o n d S a l e ,— P r o p o s a l s w e r e r e c e iv e d
in te re s t,
b y t h e b o r o u g h o f M a h u a o y C i t y or. A u g u s t 1 0, 1897, f o r t h e
M t. M o r r i s X , V .— B o n d s I l c - a v : t r u e d ,— W e a r e i n f o r m e d
p u r c h a s e o f $ 1 7 ,0 0 0 o f 4 p e r c e n t 1 0 -2 5 -y e a r ( o p t i o n a l ) p a v i n g
t h a t t h e M t. M o r ris s c h o o l b o n d s h a v e b een r e -a w a r d e d to
b o n d s . M r . E w S . R e in h o ld , B ore u g h S e c r e t a r y , w r it e s th a t t h e
P e t e r D r p u y , o f N u o d a , o n t h e b a s is o f b o i d s b e a r i n g
per
b o n d s w e r e o n l y c o n d i t i o n a l l y a w a r d 'd , a n d t h a t a lis t o f t h e
c< n t li t i T c s t at p a r . W . J . H a y* s & S o n s r a is e d t h e o b j e c t i o n
b i d * » ill d < t o e a v a ila b le f o r p u b l i c a t i o n u n t i l t h e s a te h a s
t h a t t h e iq t c i a l i c h o o l m t e t i n g s h o u l d t a v c b e e n a d v e r t i s e d
b een fu lly co n su m m a te d .
f o u r w t i k s , w h i l e t h e t c h c o l d i s t r i c t is w o r k i n g u n d e r a
M a n h a t t a n . K a n .— B a n d S a l e .— T h e B o a r d o f E d u c a t io n o f
s p e c ia l c h a r t e r w h i c h g i v e s t h e B o a r d o f E d u c a t i o n tu n p o w e r
th e c it y o f M a n h a tta n h a s s o ld t o th e S ta te S c h o o l F u a d
to c a ll s s p e c ia l m e e tin g f o r a n y a n d a ll p u rp o s e s o n
tw o
O o t n i n i r r l o n e r s « t p a r $ 3 ,1 0 0 o f 3 p e r c e n t s c h o o l b o n d s .
The
w e e k s ' n o t i c e . T h e B o a r d o f E d u c a t i o n b r i n g in i m m i n e n t
s e c u r i t i e s a r e i n d e n o m i n a t i o n s o f $ 1 ,0 0 0 e a c h , w i t h I n t e r e s t n e e d o f t h e m o n e y d e e m e d it f o r t h e b e s t i n t e r e s t o f t h e d i s
p a y a b le s e m i-a n n u a lly . T h e p r in c ip a l w ill m a t u r e a t t h e ra te
' r ic e t o r e - a w a r d t h e b o n d s t o P e t e r D e p u y , a s h e l i v e s w i t h i n
o f $ 1 ,0 0 1 a u n u n l l y , b e g i n n i n g J u l y 1 , 1902.
a f e w m il e s o f t h e p l a c e , a n d a s a le a n d d e l i v e r y w a s a m a t t e r
M a n s l l e l i i , O h in . - B o n d O f f e r i n g .— M r . J . P . H e n r y , M a y o r ,
o f hut a fe w h ou rs.
g i v e s n o t i c e i h » t p r o p o s a ls w i l l b e r e c e i v e d u n t il 2 o ’c l o c k
M t . V i - r n o u , N . ¥ , — B o n d S a l e . — O n A u g u s t 9 , 1897. t h e
P. M ., A u g u s t S 3, 1897. f o r t h e p u r c h a s e o f t h e f o l l o w i n g 0 c i t y o f M t. V e r n o n a w a r d e d t o E . B . U n d e r h il l o f N e w Y o r k
p e r c e n t »t r » e t -a .—e w -m -n t b o n d s :
a t H S - 2 j t h e $ 5 0 ,0 0 0 o f 5 p e r c e n t d y - a r a s s e s s m e n t b o n d s .
T h e f o l k w i n g is a c o m p l e t e lis t o f b i d s :
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T h e s e c u r i t i e s w i l l b e d a t e d S e p t e m b e r 1, 1 897,
M c C o o k , J ie b — B o w l s A u t h o r i s e d . — t h e c i t i z e n s o t M c
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| 1 0 ,0 0 0 t o a id E e d w i l i o w C o u n t y i n b u i l d i n g a n e w c o u r t b e p i y a b l e s e m i - a n n u a l l y o n t h e f ir s t d a y s o f M a r c n a n d S e p
t e m b e r « t t h e o f f i c e o f t h e M a y o r , T h e p r i n c i p a l w ill m a t u r e
M a r i o n C o u n t y . O h i o ,— B o n d S a l e .— S e a a o n g o o d & M a y e r , S e p t e m b e r 1 , 1 9 1 7 . A H S i a t e t a x w i l l b e p a i d b y t h e t o w n ,
C i n c i n n a t i . O ., h a v e b e e n a w a r d e d $ 1 2 ,4 1 3 o f 1 p e r c e n t 4 y e a r P r o p o s a l s m u s t b e a c c o m p a n i e d b v a c - r t i n i - d oh« c k f o r $250,
a n d 7 m o n th s (a v e r a g e ) p a v in g b o n d s o f M a r io n C o u n ty a t
N t-w H a v e n , C o n n — B o n d s A u t h o r i z e d — O n J u l y 8 0 ,1 8 9 7 ,
104-438.
th e G u n c ilr o e n o f N e w H a v e n c o n c u m d w iih th e A ld e r m e n
M a r q u e t t e , M i e i t , — B o n d O ff e r in g . — S e a l e d p r o p o s a ls w i l l
in a u t h o r i z i n g t h e : s u in g o f $ t9 5 ,0 0 0 o f b r i d g e b o n d s t o b e
b e r e c e i v e d u n t i l 12 o 'c l o c k n o o n , A u g . 8 0 , 1897, b y F r a n k
u sed o n b o th th e in t e n d e d C h a p e l S tr e e t b r id g e s .
P e n d ill, S e c r e t a r y o f th e L ig h t a n d P o w e r C o m m is s io n o f th e
N e w R o c h e l l e , N, ¥ . — B o n d s A u t h o r i z e d . — A t t h e e l e c t i o n
c i t y o f M a r q u e t t e , f o r t h e p u r c h a s e o t $ 2 5 ,0 0 0 o f 5 p e r c a n t
h e ld in N e w R o c h e l l e o n A u g u s t 8 ,1 8 9 7 , t h e $ 2 5 ,0 0 0 o f s t r e e t im p r o v e m e n t b o n d s w e r e a u th o r iz e d .
b o n d s f o r t h e p u rp o s e o f in c r e a s in g t h e c a p a c it y o f th e lig h t
a n d p o w e r p la n t .
T h e s e c u r i t i e s w i l l b e d a t e d .Sept. 1, ls 9 7 ,
N e w t o n , M a s s .— C h a r i e r E l e c t i o n . — A t t h e r e g u l a r S t a t e
w i t h in t e r e s t p a y a b l e s e m i - a n n u a l l y . T h e p r i n c ip a l w i l l e l e c t i o n t o b e h e l d in N o v e m b e r , t h e c i t i z e n s o f N e w t o n w i l l
m a t u r e S e p t . 1 , 1913, a n d w i l l b e p a y a b l e a t t h e o f f i c e o f t h e
v o te o n th e a d o p li o n o f th e n e w c it y c h a r te r w h ic h w a s
C it y T re a s u re r.
pa ssed b y t b e la s t L e g is la tu r e .
M a r tin s
F e r r y , O h io . — B o n d S a le .— T h e t o w n r e c e n t ly
N o r r is io w n , P a .
B o n d O f f e r i n g .— S e a l e d p r o p o s a l s w i l l b e
a w a r d e d t o S p i t z e r & C o , , o f B o s t o n , a t p a r , $ 2 2 ,1 9 8 o f 5 p e r r e c e i v e d u n t i l 7 :3 0 v M ,, A u g u s t 2 9, 1 897, b y F r a n k L . S m i t h ,
c e n t I f ' ( y e a r ( a v e r a g e ) f u n d i n g b o n d s a n d $ 6 ,8 7 9 o f 5 p e r
C h a ir m a n o f t h e F i n a n c e C o m m i t t e e , P o w e l l a n d F o r n a n c e
t * ® * * > e -*r ( a v e r a g e ) * t r e a t - i m p r o v e m e n t b o n d s ,
1
S tr e e ts , N o r r is to w n , P a ., f o r t h e p u r c h a s e o f t h e w h o le o r
B o n d O f f e r i n g ,— S e a le d p r o p o s a l s w i l l b e r e c e i v e d u n t i l 12 a n y p a r t o f a l o a n o f
th e b o ro u g h o f N o rrE to w n to th e
o c l o c k n o o n ( c e n t r a l s t a n d a r d t im e ) , A u g u s t 2 8 , 1 897, b y
a m o u n t o f $ 2 0 0 ,0 0 0 ,
T h e l o a n is t o b e is s u e d b y o r d i n a n c e
R ic h a r d F .
Il e n d e r , C r y C le r k , f o r t h e p u r c h a s e o f t h e f o l d u l y e n a c t e d a n d a p p r o v e d a n d w i t h t h e c o n s e n t o f t h e e l e c
lo w in g b o n d s:
tors o f th e b o r o u g h , o b ta in e d a t a s p s c ia l e le c t io n .
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for t no pwri»o#e o f paring that portion ©f t-ae e x p m m o f eonutracuo# B o r o u g h T r e a s u r e r o r b y c h e q u e m a i l e d t o t h e r e g i s t e r e d
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■ d e n o m in a t io n a s t h e p u r c h a s e r m a y d e s ir e .
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w i l l m a 'u r e O c t o b e r ! , 1 92 7 , s u b j - o t t o c a l l a f t e r O c t o b e r 1,
1902. E » c h b id m u s t b e a c c o m p a n i e d b y a c e r t i f i e d c h e c k f o r
2 p e r c e i t o f t b e a m o u n t b i d , p a y a b le t o t h e o r d e r o f S im o n
P a g e l, B o r o u g h T r e a s u re r. T h e p r e s e n t b o n d e d d e b t o f th e
b o r o u g h is r . p r e s e n t e d b y o u t s t a n d i n g b o n d s a g g r e g a t i n g
$ 1 7 0 ,4 ' 5 .
T b e a s s e s -e d v a l u a t i o n f o r 1897 a g g r e g a t e s $ 9 ,2 7 8 ,6 9 0 ; t b e t o t a l tatc ( p e r $ 1 ,0 0 0 ) is $ 1 2 5 0 . a n d t b e p o p u l a t i o n
in 1896 w a s e s t im a t e d a t 22,0 00 .
O h i o S t a t e U n i v e r s i t y — B o n d S a l e .— T h e f o l l o w i n g is a
c o m p l e t e lis t o f b i d s r e c e i v e d A u g u s t 4 , 1897, f o r $ 1 0 0 ,0 0 0 o f
4 14 p e r c e n t c e r t i f i c a t e s o f i n d e h 'e d n e - s o f t h e O n io S ta t e
U m v e i s i y . A s r e p o r t d in t h e C h r o n i c l e o f la s t w e e k , t h e
l o a n w a s a w a r d e d t o E . H . G a y & C o .:
E . H . Gay & Co., B oston............
F irst Nat. Bank, Colum bus. . ..
T h e La m orech t Bro*. Co..Clev.
Street. W yk es & Co., JL Y .......
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N. Y. Security & T rust C o .........
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O s w e g o , V. X . — B o n d s P r o p o s e d .— W e a r e i n f o r m e d b y M r .
A . H . F a i l i n g , C h a m b e r l a i n o f t h e c i t y o f O s w e g o , th a t t h e
is s u e o f $ 1 5 ,0 0 0 o f s c h o o l b u i l d i n g
b o n d s is s t i l l u n d e r
c o n s i d e r a t io n b y t h e C o m m o n C o u n c i l . I f is s u e d t h e s e b o n d s
w i l l b e a r u t e r i s t a t t h e r a t e o f 3 % p e r c e n t a n d w ill m a t u r e
in f r o m o n e t > f i v e y e a r s .
O W ' 8 9 0 , M i c h — B o n d s A u t h o r i z e d .— T h e C o m m o n C o u n c il
o f O w isso h a s p a s s e d a r e s o l u t io n a u t h o r i z i n g t h e is s u i n g o f
$ 3 5 ,0 0 0 o f p a v i n g b o n d s .
T h e c itiz e n s v o te d fa v o r a b ly o n tbe
p r o p s - d is s u e J u l y 7, 1897.
O y s t e r B y , N . V. — B o n d N e w s .— A r e p o r t h a s b e e n p u b
lis h e d t h a t N . W H a n i s & C o . h a v e l e l u s e d t o a c c e p t t b e
$ 5 0 ,0 0 0 < f O v s t e r B a y b o n d s a w a r d e d t o t h e m J u l y 31, 1897,
a t 1 08 -2 7 . W e a r e i n f o r m e d b y t h e fi r m i h a t t h is r e p o r t is
w it h o u t fo u n d a t io n , th a t th e y h a v e n o t r e fu s e d th e b on d s,
a n d a t t b e p r e s e n t w r i t i n g t h e r e is n o l i k e l ih o o d o f t h e i r
d o in g so.
Passaic, N . J. — B o n d S a l e . — O i A u g u s t 6 , 1897, t h e c i t y o f
P a s s a i c a w a r d e d t h e $50 O R) o f 4 ) ^ p -r c e n t b o n d s t o N , W
H a r r i s & C >. o f N e w Y o r k a t l n 9 ’069 .
T h e f o l l o w i n g is a
c o m p l e t e lis t o f b i d s :
N. W . H a rrls & C o „ New V ark....109-069 I B en w ell & E v cr itt, N ew Y ork
108-16
P a ter-on SavlnKs Inst
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E .C Jones Co., N ew Y o r k .......... . . . & Co.. N. Y .................................................... 106-03
V r. 1-------107-615 I Parson. Leach _ .
3 . & W Heiigman & C o. X . Y ___j 07-25 I W ilson & Stephens. Xew York. .105*82
W a lter S ian-on & Co., N. Y .... 107*15
R udolph K ie y b o lte A Co.. N. Y ..1
05*75
W . E. Sm ith X ew Y o r k ..............100*60 l P aterson Dep. & Trust C o .........105*66
T h e l o a n is i n t h e f o r m o f c o u p o n b o n d s o f $ 1,0 00 e a c h ,
w i t h p r i v i l e g e o f r e g i s t r a t i o n , a t d d a t e d J u l y 1, 1897. T h e
i n t e n s i w ill b e p a y a b le s e m i - a n n u a l l y , a n d i b e p r i n c i p a l w ill
m a t u r e a s f o l l o w s : $ 5 ,0 0 0 J u l y 1 , 1 9 1 3 ; $ 5 ,0 0 0 J u l y 1 m p
$ 1 0 ,0 0 0 J u l y 1, 1 91 5 ; $ 1 5 ,0 0 0 J u l y 1 , 1916, a n d $ 1 5 ,0 0 0 J u l y 1,
1 917. B a h p r i n c i p a l a n d i n t e r e s t w i l l b e p a y a b le a t th e
P a s s a ic N a t i o n a l B a n k .
P a t e r s o n , N. J .— B o n d O f f e r i n g .— P r o p o s a l s w i l l b e r e
c e i v e d u n t i l A u g u s t 8 l , 1897, b y t h e c i t y o f P a t e r s o n f o r th e
p u r c h a s e o f $64,i>00 o f 5 p e r ce n t, b o n d s , t o b e is s u e d f o r t b e
p u r p o s e o f n b u ild in g th e W e s t S tr e e t b r id g e .
P erth
A m b u y , M id d le s e x
c o u n t y , N . J . — B o n d O ff e r
i n g . — S e a le d p r o p o s a ls w i l l b e r e c e i v e d u n t il 8 o ’c l o c k P . M .
A u g u s t 2 3 , 1897, b y G a r r e t B r o d h e a d , C i t y T r e a s u r e r o f P e r t h
A m b o y , f o r t h e p u r c h a s e o f t h e w h o l e o f $ 1 8 ,9 0 0 o f
per
c e n t g o l d c o u p o n b o n d s . T h e b o n d s a r e is s u e d f o r t h e p u r
c h a s e o f g r o u n d a n d t h e c o n s t r u c t i o n o f a s c h o o l b u ild in g .
T
Qntc u , ’ tl<: s
k e *u d e n o m i n a t i o n s o f $ 1 ,0 0 0 , d a te d J u l y
1 , 1897; t h e i n t e r e s t w i l l b e p a y a b le s e m i - a n n u a l l y o n t h e firs t
d a y s o f J a n u a ry a n d J u ly a t th e M id d le s e x C o u n ty B a n k o f
P e r t h A m b o v , a t w h i c h p i a c e t h e p r i n c ip a l w i l l a ls o b e p a y
a b l e J u ly 1, 1 9 t7 .
T h e b o n d s a r e is s u e d u n d e r t h e L a w s o f
N e w J e r s e y o f M a r c h 2 2 , 1895.
P i t t s b u r g ( P a ), P e e b l e s S u b - S c h o o l D i s t r i c t — B o n d S a le
— S o m e l i m e a g o i b i s e c h o o l d i s t r i c t t o l d a n is s u e o f b o n d s t o
t b e a m o u n t o f 8 2 0 ,0 0 0 .
IV o l . L X V .
t i o n f o r 1 897 is $ 6 ,4 2 9 ,0 2 2 a n d t h e r e a l v a l u a t i o n a b o u t $ 2 2 ,0 0 0 .0 0 0 .
T h e p o p u l a t i o n o f t h e d i s t r i c t is a b o u t 1 8 ,0 0 0 .
(J u e e n a C o a n t y , N. X . — L o a n A u t h o r i z e d . — C o u n t y T r e a s
u r e r C h a r l e s J . P u i p p s h a s b e e n a u t h o r i z e d t a b o r r o w $ 3 0 ,0 0 0
f o r 4 m o n t h s , t o b e u s e d i n p a y i n g b ills n o w d u e a n d s o o n t o
accru e.
( J u i n n » s e c , M i c h . — B o n d S a l e . — T h e t o w n o f Q u in n e s e c h a s
s o l d t h e $ 5 ,0 0 0 o f s c h o o l h o u s e b o n d s r e c e n t l y a u t h o r i z e d a t a
s p e c ia l e le c t io n .
R o c k l a n d , H e — T e m p o r a r y L o a n .— R e g a r d i n g a r e p o r t t h a t
h a s b een c u rre n t t h a t t b e c it y o f R o c k la n d h a d n e g o tia t e d a
l a r g e l o a n w i t h F . S . M o s e l y & C o ., w e a r e i n f o r m e d b y M r.
E v e r e t t A . J o n e s , C i t y T r e a s u r e r , t h a t t h is is i n c o r r e c t .
On
A u g u s t 3 , 1897, h o w e v e r , t h e N a t i o n a l B a n k o f t h e R e p u b l i c
o f N e w Y o r k l o a n e d t h e c i t y a s m a l l s u m t o m a t u r e in t h r e e
m on th s.
R u t h e r f o r d , N . J . — B o n d s P r o p o s e d .— T h e B o r o u g h C o u n c il
o f R u t h e r fo r d has u n d e r c o n s id e r a t io n th e q u -s c io n o f is s u in g
$ 6 0 ,9 9 0 o f b o n d s t o p a y t h e c o s t o f m a c a d a m i z i n g a n d g r a d
in g th e s tre e ts o f th e b o r o u g h .
S a g i n a w , M i d i . — B o n d S a l e . - O n J u l y 2 6 , 1897, t h e c i t y
o f S a g in a w a w a r d e d t o th e S a g in a w C o u n ty S a v in g s B a n k
$ 3 ,0 0 0 o f 5 p e r c e n t s e w e r b o n d s .
T h e f o l l o w i n g is a lis t o f
t h e b id s r e c e i v e d :
Saainaw C o. Savings B a n k........lo t-1 8 3 5 1 G eo.L . B u r r o w s * C o ., Savinaw..t00-00
East Saginaw Savings Bank ...lutM O
I F o re st L a ir T r. Co.. Saginaw .. 100-00
T h e s e c u r i t i e s a r e i u d e n o m i n a t i o n s o f $ 3 )0 e a c h a n d d a t e d
A u g u s t 1, 1897.
T h e in te re s t w ill b e p a y a b le s e m i a n n u a l l y
a n d t h e p r in c ip a l w ill m a t u r e a t th e r a t » o f $300 a n n u a lly
f r o m A u g u s t 1, 1 89 3 , t o A u g u s t 1, 1 907
B o h p r in c ip a l a n d
i n t e r e s t w ill b e p a y a b l e a t t h e o f f i c e o f t b e C i t y T r e a s u r e r o r
a t t h e c u r r e n t o f f i c i a l b a n k in N o w Y o r k C h y . T h e b o n d s a r e
is s u e d u n d e r a u th - r i t y o f t h e c i t y c h a r t e r , p u r s u a n t t o a r e s o
l u t i o n o f t h e C o m m o n C o u n c i l p a s s e d J u n e 2 1 .1 8 9 7 .
S t. C h a r l e s (1 11 .) S c h o o l D i s t r i c t . — B o n d s A u t h o r i z e d . —
T h e S t . C h a r le s T o w n s h i p S c h o o l D i s t r i c t h a s a u i h o n z -d t h e
i s s u i n g o f $ L 5 ,0 00 o f 5 p e r c e n t b o n d s f o r t h e p u r p o s e o f b u i l d
in g a n e w h ig h -s c h o o l. T h e s e c u r itie s w ill m a t u r e a t t h e r a t e
o f $ 1 ,9 0 0 a n n u a l l y , b e g i n n i n g 1899.
S a i n t C l o u d , M i a n — B o n d S a l e .— T h e F i n a n c e C o m m i t t e e
o n A u g u s t 3 , 1897, s o ld t o t h e F i r e m a n ’s R - l i e f A s s o c i d fi o a a
b o n d f o r $ 1 ,0 0 0 , t o b e a r i n t e r e s t a t 6 p e r c e n t a n d t o m a t u r e
o n e y e a r f r o m d a t e o f is s u e .
T h e b a n k s w ill ta k e t h e r e m a in
i n g $ 4 ,0 0 0 o f t h i s is s u e .
S a l e m , O h i o — B o n d S a l e — O n A u g u s t 10, 1 8 9 7 , t h e c i t y o f
S a le m a w a r d e d t h e $ 6 ,5 9 0 o f s e w e r b o n d s t o W J . H a y e s &
S o n s , o f C l e v e l a n d a t 1 0 1 -6 4. B id s w e r e a l s o r e c e i v e d f r o m
T b e L a m p r e c h t B r o s . C o . o f C l e v e l a n d a t 1 01 -1 9 5 a n d f r o m
R* V . H a m p s o n o f^ S a l e m a t p a r .
T h e a e c u r ii i e s a r e i n d e n o m i n a t i o n s o f $ 6 5 0 , p a y a b le o n e b o n d a n n u a l l y .
In terest
w ill be a t t h e r a t e o f 6 p e r c e n t , p a y a b le a n n u a lly .
B o n d O f f e r i n g ,— S e a l e d p r o p o s a l s w i l l b e r e c e i v e d u n t i l
12 o c l o c k n o o n , A u g 2 3. 3 89 7 , b y F . W . A l l i s o n , c i t y c l e r k ,
f o r the. p u r c h a s e o f $ 8 ,7 0 0 o f 6 p e r c e n t s e w e r b o n d s .
T hes e c u r i t i e s a r e t o b - is s u e d f o r t h e c o n s t r u c i i o n o f a s e w e r i n
E arn M a in S t r e e t , p u r s u a n t t o t h e s t a t u t e s o f O h i o a n d o f a n
o r d i n a n c e o f t h e c i t y p a s s e d J u n e 1, 1 89 7 . T h e y w i l l b e d a t e d
A u g . 2 3 , 1 9 9 1. I n t e r e s t w i l l b e D a v a b le a n n u a l l y a n d t h e
p r i n c i p a l w i l l m a t u r e a t t h e r a t e o f $ 87 0 a n n u a l l y .
S e a le d b i d s w ill a l s o b e r e c e i v e d u n 'i l 12 o ’ c l o c k n o o n .
S e p t . 11, 1897, b y F . W , A l l i s o n , c l e r k
of
th e c it y o f
S a l e m , f o r t h e p u r c h a s e o f $ 2 ,1 4 3 5 0 o f 6 p e r c e n t b o n d s , t o b e
is s u e d f o r t h e c o n s t r u c t i o n o f a s e w e r i n N o r t h U n i o n S t r e e t ,
a n d f o r $ 3 ,0 0 0 o f 6 p e r c e n t b o n d s f o r p a v i n g C h e s t n u t S t r e e t .
B o t h o f t h e s e l o a n s a r e t o b e is s u e d p u r s u a n t t o t h e s t a t u t e s
o f O h io a n d o r d i n a n c e s o f t h e c i t y p a s s e d J u l v 6, 1 89 7 . B o t h
is s u e s w i l l b e d a t e d S e p t . 1 1, 1897.
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annum .
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t h e lo a n in g : o f S t a t e f u n d s t o v i l l a g e s ,
P i t t s f i e l d , M u s s .— N o t e i A u t h o r i z e d . — T h e c i t y o f P it t s fie ld
a n S C ° 01
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r e c e n t ly a u t h o r i z e d th e i s s u i n g o f t b e f o l l o w i n g n o t e s :
I t h e b t a t e § 8 ,0 0 0 b o n d s f o r t h e p u r p o s e o f p r o v i d i n g f u n d s
f o r t h e b u i l d i n g o f b r id g e s .
S5.0D0 f o r w a t e r e x t e n s i o n .
§ 5 ,0 0 0 f u r s e w e r s .
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S a n F r a n c i s c o , C a l . — B o n d N e w s .— M a y o r P h e l a n , i n r e
? ' ? ' K e D L t d y , C it y T r e a s u r e r , a d v is e s u s t h a t h e is n e t s p o n s e t o a n i n q u i r y , s ta t e s t h a t t h e r e a r e n o l e g a l o b s t a c l e s
l i k e l y t o b o r r o w o n t h e s e n o t s f o r s o m e t im e t o c o m e
in th e w a y o f S a n F r a n c is c o is s u in g b o n d s t o p r o v id e f o r a
P o l k C o u n t y , M i n n .— B o n d S a l e .— P o l k County a W a rd ^ d w a t e r s u p p l y .
T h e S p r in g V a lie v C o. h a s n o e x c lu s iv e r ig h t s ,
la s t m o n t h t h e $ 3 6 ,0 9 0 o f 5 }£ p e r c e n t d i t c h b o n d s t o F , R
b u t th e is s u in g o f b o n d s m u s t be d e c id e d b v a p o p u la r v o c e .
S i i a l t S t e . M a r i e , M i c h . —B o n d S a l e .— T n e f o l l o w i n g is a
F u l t o n & C o . o f G r a n d F o r k s , N . D . , a t p a r.
T h e s- c u r it ie s
a r e in d e n o m i n a t i o n s o f $ 500 e a c h , d a t e d J u l y 15, 1897* in te r
c o m p l e t e lis t o f b i d s r e c e i v e d A u g u s t 5. 1 89 7 , f o r $ 3 0 ,0 0 0 o f 5
B a n t 'l o f b V >ay:f B.a D llu » I|y 0D J u l y 15 a t t h e C h a s e N a t io n a l p u r c e n t s t r e e t - i m p r o v e m e n t b o n d s :
B a n k o f N e w Y o r k , a n d t h e p r i n c i p a l w i l l m a t u r e in te n
W . J. H ayes & Son8.Cleveland.l07*09
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m voftas.
y e a r s f r o m d a t e o f is s u e .
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P u e b l o C o u n t y ( C o l . ) S c h o o l D i s t r i c t N o , 1 . - B o n d O ffer
iw ? A _ .P r o .p 0u a l'^ w i 11 b e r t c m v e d u n t il 3 o ’ c l o c k p. 51 S e p t ,8
1 8 9 1, b y J o h n C L a t s b a w , S e c r e t a r y o f t h e D i s t r ic t , for^ i b e
p u r c h a s e o f $ 1 4 0 ,0 1 0 o f 5 p e r c e n t g o l d r e f u n d i n g b o n d s
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s e c u r i t i e s w ill b e m d e n o m i n a t i o n s o f $ 1 ,0 0 0 , d a t e d O c t . 15
1 8 9 7 . I n t e r e s t w i l l b e p a y a b le s e m i a n n u a l l y a t t h e F i r s t N a
t io n a l B a n k o f N e w Y o r k C i t y o r a t t h e o f f i c e o f th e C o u n t v
T r e a t - u n r . T h e p r i n c ip a l w i l l m a t u r e O c t o b e r 15, 1917 b u t
t h e b o r d s w ill b e r e d e e m a b l e a f t e r 19 7. T h e lo a n is issuert
t m d e r S e c t io n 4 ,0 6 6 , M i l l s ’ A n n o t a t e d S t i ' u t e s (a s a m e n d e d
b y t h e A c t o f A p r i l 8 , 1 897,) a n d S e c t io n s 4 ,0 6 7 , 4 ,0 6 8 a n d 4 969
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t h e fi o a t i D ^ e b t , * $ 4 4 ?’ G S ^ T h e 'T s s - V e d ^ a l u v
|F arson, L e a ch &(?o., Chicago.’.103*40
T h e b on d s w ere a w a rd e d t o W . J . H a y es & S on s. T h e se«
s af e >n d e n o m i n a t i o n s o f $ 1 ,0 3 0 a n d d a t e d A u g u s t 1,
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' v , i n t e r e s t w i l l b e p a y a b le s e m i a n n u a l l y o n t h e f i r s t d a y s
o f F e b ru a ry a n d A u g u s t , a n d t b e p r in c ip a l w ill m a t u r e A u g U 4, L o l l ,
SC
S l i a r o n , P a _ — B o n d N e w s .— R e f e r r i n g t o a r e p o r t t h a t b a s i
b e e n c u r r e n t t h a t th e b o r o u g h o f S h a ro n h a s s o ld b o n d s f o r
t h e p u r p o s e o f b u i l d in g w a t e r w o r k s , w e a r e i n f o r m e d b y M e .
R w t u g , B o r o u g h S e c r e t a r y , t h a t t h is is i n c o r r e c t .
S l n i r p s v i l l e , P a . — B o n d S a l e .— T h e t o w n h a s s o l d $ 2 8 ,5 0 0 >
o f 4 ^ p e r c e n t w a t e r b o n d s tn t b e L a m p r e c h t B r o s . C o .
S h ip p e u s b u r g , D a.
B o n d s D e fe a t e d .— A t a n e le c t io n h e ld «iVo T,nn c i t i z e n s o f S h i p p e n s b u r g , t h e p r o p o s i t i o n t o is s u e
§ 1 0 ,0 0 0 o f e l e c t r i c - l i g h t p l a n t b o n d s w a s d e f e a t e d b v a l a r g e r
m a j .r i t y .
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A ugust 14, 1897,]
C H R O N IC L E .
S o u t h B e n d ( O h i o ) S c h o o l D i s t r i c t N o , 4 — B o n d O ff e r i n g .
— P r o p o s a l-; w i l l b e r e c e i v e d u n t i l 13 o ’ c l o c k n o o n , A u g . 2 3 ,1 8 9 1 ,
b y J o u o W . G r im s le y , T r e a s u r e r o f t h e S o u t h B ^ n d S c h o o l
B o a r d , D e lh i T o w n s h ip , H a m ilt o n C o u n t y , a t h is o fflo e , 319
E a s t S e c o n d S t r e e t . C i n c i n n a t i , f o r t h e p u r c h a s a o f $ 3 ,5 0 0 o f
5 per cen t bon d s.
T h e s e c u r i t i e s w i l l b e in d e n o m i n a t i o n s o f
$500 e a c h , w it h t h e in te r e s t p a y a b le s e m i-a n n u a lly .
The
p r i n c i p a l w i l l m a t u r e a t t h e r a t e o f 5500 a n n u a l l y , b e g i n n i n g
o n e y e a r f r o m d a t e o f is s u e .
N o b id w ill b e r e c e iv e d fo r le s s
t h a n p a r a n d a c c r u e d in t e r e s t t o d a t e o f t r a n s f e r .
S p r i n g v i l l e , N\ Y . — B o n d s D e f e a t e d — O n A u g . 3 , 1S97, t h e
c i t i z e n s o f S p r i n g v i l l e v o t e d a g a i n s t t h e p r o p o s e .) is s u e o f
$ 6 ,0 0 0 o f b e n d s t o p a y t h e c o s t o f a n e l e c t r i c - l i g h t p l a n t .
S t e v e n s C o u n t y : W a s h .l S c h o o l D i s t r i c t N o . 5 2 . — B o n d
S a l e . — O n J u l v 3 1 , 1 89 7 . t h e s c h o o l d i s t r i c t s o l d t o C h a s . A l l e n
o f S p o k a n e $ 2 ,5 0 0 o f 10 2 0 y e a r ( o p t i o n a l , s c h o o l b o n d s a t p a r .
T h e s e c u r i t i s e b e a r i n t e r e s t a t t h e r a t e o f 8 p e r c j n t , p a y a b le
a t a p la c e t o b e d e s ig n a te d b y th e p u r c h a s e r .
S t o c k t o n , N . J . — B o n d s A u t h o r i z e d . — O a J u l v 2 7 , 1 897, t h e
C o m m o n C o u n c il o f S t o c k t o n p a rsed a n o r d in a n c e a u t h o r iz
i n g t h e i s s u i n g o f $ 3 6 ,0 0 0 o f s t r e e t i m p r o v e m e n t b o n d s .
S y r a c u s e . N . Y .— B o n d S a l e .— O a A u g u s t 9, 1 8 9 7 . t h e c i t y
o f S y r a c u s e r e c e i v e d t h e f o l l o w i n g b id s f o r t n e p u r c h a s e o f
$ 1 0 0 ,0 0 0 o f 4 p e r c e n t s c h o o l b o n d s :
Faison. heath a Co:-. N. V ...... 10TMV '( Onondaga C». Saving* Bank,
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tUak* B p * . * Co.. New T o * . Pm -sht , Syrac
. fit son It Stephana, New o t . .
f W ilson. & Stephens.. N ew Y o rk /W S W
Syracuse Savin** Bank, 3y
da*, w . L o w p n r ^ t It Co.
Bertri.n A Storm , New ¥*<rk.. .I'K-ri’i
K. L. Day A Cit., Now fo r k .... .1*3*1 vnf C. HL White A Co,. N ew York. J0TS3T
I ModtaK* M erritt* Ox, Boston
N. W. Harcta A Co.. N«w York.
. M. Haim. New York-.. KM
».« tr.k n VAir Vr.-tr IlHAI
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Joaeph E. Gavin. BaffiUo.....
T h e b e a d s w e r e a w a r d e d t o F a r a o n . L*?aeh Sc C o . T h e aec u r i t i e s a t e in d e n o m i n a t i o n s o f $ 1 0 ,0 0 0 , d a t e d J u l y 1, 1897;
i n t e r e s t w i l l b e p a y a b l e s .- m i- a n n u a t l y o n t h e fir s t d a y s o f
J a n u a r y a n d J u ly at th e U n io n T r u s t C o . o f N e w Y o r k C it y ,
a n d t h e p r i n c i p a l w i l l m a t u r e a t t h e r a t e o f $ 2 1 ,0 0 0 a n n u a l l y ,
b e g i n n i n g w i t h 1901.
T i f f i n , O h i o . — B o n d O f f e r i n g . — 'T b e F i n a n c e C o m m i t t e e o f
t h e C i t y C o u n c i l w i l l o f f e r f o r s a le a t t h e C i t y C l e r k 's o i l i c e a t
2 o ’ c l o c k J». M .. S e p t e m b e r 6 . 1897, gist b e a d s o f $ 1 0 0 e a c h , a g g r a n t i n g $ 4 ,1 0 0 . T h e s e c u r i t i e s w i l l b e a r in t e r e s t a t t h e r a t e
o f 6 p e r c e n t , p a y a b le s e m i - a n n u a l l y .
T h e lo a n w ill b e d a te d
S e p t e m b e r 1, 1 897, a n d w i l l m a t u r e a t t h e r a t # o f o n e b o n d
NEW
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a n n u a lly .
T h e b o n d s a r e is s u e d f o r t h e p u r p o s e o f i m p r o v i n g '
c e r t a i n a l le y s , p u r s u a n t w i t h s e c t i o n s 2 ,7 0 4 a n d 2 ,7 0 5 o f t h e
R e v is e d S ta tu te s o f O h io , a n d a n o r d in a n c e p a sse d b y th e C it y
C o u n c i l A u g u s t 2 , 1897. N o b i d s w i l l b e r e c e i v e d f o r le s s t h a n
p ar.
T i v e r t o n , R . 1 . — B o n d O f f e r i n g .— P r o p o s a l s w i l l b e r e
c e i v e d u n t i l 13 o ’ c l o c k n o o n , A u g u s t 2 7 , 1 89 7 , b y A , L i n c o l n
H a m b i y . T r e a s u r e r o f t h e t o w n , c a r e o f t h e M a s s a s o it N a
t io n a l B i n k , F a l l R i v e r , f o r t h e p u r c h a s e o f $ 3 5 ,0 0 0 o f 4 p e r
ce n t g o ld b o n d s.
T h e s e c u r i t i e s w e r e a u t h o r i z e d a t a s p e o ia l
e l e c t i o n h e l d A p r i l 3 8 , 1 89 7 , a n d a r e in d e n o m i n a t i o n s o f
$ 1,0 00 e a c h , d a t e d S e p t e m b e r 1, 1897.
T h e in te re s t w ill be
p a y a b le s e m i - a n n u a l l y in M a r c h a n d S e p t e m b e r a n d t h e p r i u c i o a i w i l l m a t u r e $ 1 ,0 0 0 a n n u a l l y , b e g i n n i n g S e p t e m b e r 1 ,
1893. B o t h p r i n c i p a l a n d i n t e r e s t w ill b e p a y a b l e i n g o l d a t
th e M a ssa s lit N a tio n a l B a n k o f F a ll R iv e r o r a t th e o ffic e o f
th e T o w n T re a s u re r,
P r o c e e d s o f th e a b o v e is ju o w ill ba
u s e d in r e t ir in g o u t s t a n d in g n o te s .
T h e a s s e s s e d v a l u a t i o n in M a y , 1 897, w a s a s f o l l o w s : B a a l ,
$ 1 ,7 1 2 ,1 9 1 ; p e r s o n a l . $ 3 5 7 ,3 0 0 : t o t U . * 3 ,5 6 9 ,4 9 1 .
T o ta llia b ilit ie s . $ 2 4 ,3 4 1 5 3 , i n c l u d i n g $ 2 2 ,6 9 0 o f o u t s t a n d i n g n o t e s a n d
$1,7 41 5 2 d u e t h e s c h o o l f u n d .
T o t t e n t i l l s ( 8 , I . ) , N . Y . — B o n d N e w s .— M e s s r s . N . W .
H a r r i s & C o . h a v e r e f u s e d t o a c c e p t t h e $ 3 5 ,0 0 0 o f 5 p e r c e n t
w a t e r b o n d s a w a r d e d to t h e m b y th e v illa g e o f T o t te n v iia o n
J u l y 2 8, 1 8 9 7 .
U t i c a , N. Y.— B o m l s A u t h o r i z e d . —O a A u g u s t 6 , 1397, t h e
C o m m o n C o u n c i l o f t h e c i t y o f U t i t n a u t h o r i z e d t h e is s u a n c e
o f t h e f o l l o w i n g c o r p o r a t e b o n d s : P o l i c e a n d fir e f u n d , $ 7 ,0 0 0 ;
s t r e e t l i g h t i n g f u n d . $ 4 ,0 0 0 ; r e p a i r f u n d , $ 1 ,0 0 4 ; B o a r d o f
H e a lt h f u n d , $ 1 ,0 0 0 ; b r i d g e f u n d , $ 1 ,0 0 0 ; a t o t a l o f $ 1 4 ,0 0 0 .
V i e n n a , M i c h . — B o n d .V eins.— A r e p o r t h a s b e e n c u r r e n t
t h a t t h e t o w n o f V i e n n a h a d s o l d $ 4 ,0 0 0 o f 5 p e r c e n t s c h o o l
bon ds.
U p o n in q u ir y M r. A lie n B r ile y , T re a s u r e r o f th e
.S c h o o l B m r d , i n f o r m s u s t h a t t h i s is i n c o r r e c t , a s n e i t h e r t h e
S c h o o l B o a r d n o r t h e t o w n hna s o l d a n y h o o d s .
W a d e n a , J l l n n .— B o n d S a lt , — O n A u g u s t 9 , 1897, t h e c i t y
o f W a d e n a a w a r d e d $ 1 2 ,0 0 0 o f 5
p e r c a n t b o n d s t o C h a rle s
| P e f f e r a t 1 0 6 -6 6 6 . T h e s e c u r i t i e s a r e is s u e d t o c o v e r t h e e x
j p en ses o f th e w a te r w o r k s a n d t h e p u r c h a s e o f a n e le o tr io j lig h t p la n t.
T h e p r in c ip a l a n d in te re s t o n th e s e b o n d s w ill
1 b e p a y a b le in g o l d a t t h e C i t y T r e a s u r e r ’s o f f i c e , a n d t h e
LOAN S.
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N ew
Y ork
$ 2 0 0 ,0 0 0
5
S a v in g s B o n k
In v estm en t.
$ 3 0 0 ,0 0 0
31s,
C I T Y O F P O R T L A N D , M E ,,
A n d Other D e s ira b le Securities,
G O L D
E dw ard
C .
J on es
C o ,
I N&mmi .Street, New fo rk .
4*1 Chestnut Street, Philadelphia,
M U N IC IP A L
B O N D S .
E. C. S t a n w c o o & Co.,
,
M A SK E R *.
121
D e v o n s h ir e
4 s.
tM w I July L \W7t Owe July 1,1912. Registered or
Coupon. F ries on application.
E.
H ,
R O L L IN S
&
S O N S ,
19 M ilk S tr e e t. B o sto n . B l n . -
S A F E
IN V K S T iE N T S . “
8EK D FO B
L IS T
C ity a n d C o u n t y B o n d s ,
S tre e t,
B O S T O N .
L I S T S S R R T liF O N A F F L I C A T I O M .
P A S S A IC
B O N D S .
S ealed b id s w ill b e r e c e iv e d ,it tint C on n ell room * a t G inn R id g e , N. J „ u n til 8 F M . on
M o n d a y , A u gu st ltit b , 1 89 7 , f o r th e p u rob a ee o f the S treet Im p ro v e m e n t B ond* o f the B orou gh
o f G le n R id g e , E ss e x C o u n t;.. N 4 .
A m o u n t o f b o n d s IMO.OOO.
D e n o m in a tion $ 1 ,0 0 0 . C o u p o n o r re g iste re d , a c c o r d in g t o p re fe re n ce * o f jmreluuu-r*.
Internet l p e r re n t, le m i-a a n u a l, fr o m A u g u st 1st, 1 89 7 , p a y a b le F eb ru a ry 1st and
A u g u st 1st.
P rin cip a l a n d in terest p a y a b le a t th e B ank o f M o n tc la ir, f*. J.
D a te o f m a tu rity - $ 2 , 0 0 0 m ature F eb ru a ry 1 . 1 0 0 2 , a n d $ 2 ,0 0 0 e a ch y e a r th e re a fte r t o and
in c lu d in g F eb ru a ry 1 ,1 9 1 8 , a n d $ 3 ,0 0 0 m a tu re F eb ru a ry l , 1917, a n d $ 3 ,0 0 0 e a ch y e a r th e re
a fte r t o an d in clu d in g F e b ru a ry 1 .1 9 2 9 . T h e b on d - a re to b e red eem ed In th e o rd e r o f th olr
n u m b ers.
A ssessed v a lu a tio n o f R eal E sta te in 1 8 9 6 . ♦ 1,3 11 ,0 0 0 .
T h e B orou g h baa n o o th e r b on d ed d e b t.
T h e p ro ce e d s o f the b o n d s a re to b « d e v o t e d to Im p r o v in g street* and ro a d s w ithin the
B orough.
B ond# w ere v o te d a t p o p u la r e le c t io n .June 2 5 ,1 6 0 7 , In a c c o r d a n c e w ith S ection 3 9 , C h a p ter
1 6 1 , o f th e L a w s f o r 1897.
T h e bids w ill be o p en ed a t th e B o ro u g h C ou n cil R oom *. G len R idge, S . J .. a t th e h o u r a n d
p la c e a b o v e na m ed .
T h e C ou n cil re s e rv e th e rig h t to r e je c t a n y a n d a ll bids.
B id s to I>e sea led an d m ark ed " Bids fo r S treet I m p r o v e m e n t B o n d s ” , and a c c o m p a n ie d b y
a certlrted ch e ck ror 5 p e r c e n t o f th e a m o u n t bid.
N ATH AN RUSSELL,
Gt.rst B i d o b , S . J .
B o ro u g h C lerk.
PH ILADELPH IA
L O A N S .
1 0 0 , 0 0 0
GLEN
R O A D
295
D IE T Z , D E N IS O N & P R IO R ,
33 en S G U K S S S T R E E T , - BOSTON.
1 0 9 S « » e r l o r S t r e e t , C le v e le n d O .
C O U N T Y , N . J.,
R E B U IL D IN G
B O N D S .
\ 8 8 A L K I * P R O P O S A L S will b e re ce ive d b y tbe
; Board o f Chosen F reeholder* o f th e C ou n ty o f P as| ante, P a te iw n , N. J „ b y Its C om m ittee on F in an ce,
j *m T t PSD A Y, A U G U S T SiST,, at 2 o 'c lo c k P. M „ a t
i the office o f I h e Clerk, Saving* In stitu tion B u ilding
| Hoorn No# S, neeoisd floor, co r n e r o f Main and M arket
street.*, P a U 'O 'jn. N. J ., and then and th e re publicly
| op e n e d f o r th e purchase o f n o t less than par o f bon d s
m am ou n t i f l l.OOOt fo r the pu rpose o f R e b u ild in g
j W e st Street Hridge.
! T h e bond* are o f th e d e n om in ation Of *1,000 each
} and m ay b e e ith e r c o u p o n o r registered,
j Interest a per cen t, payable sem i-ann ually on th e
First day o f M arch and th e F irst day o f Septem ber.
( Bond* fail d u e and are payable. *24,000 S eptem be
I l i t , !9«C*,a»d 110,(00 Septem ber 1st, 1000.
A ce rtifie d ch e ck fo r 2 per c e n t o f th e tissue m ade
| payable t o th e o rd er o f P . H . Shield*, C ollector, a*
j security that tb e b id d e r t o w hom th e bon d s are
I aw arded will accep t th e aw ard, m ust acco m p a n y
each bid.
T h e bon d s w ill b e ready fo r de liv e ry on Septem ber
tut.
T h ese bon d s are issue*! under and b y th e au th ority
o f an act o f t b e L egislatu re o f the State o f New
Je rse y , en titled * A n A c t to au th orize th e Issue o f
*
bo n d s fo r rebuilding b rid ges in co u n tie s o f th e
second cla ss.” P a ssed Feb. 24, 1891.
P roposals t o b e ad d ressed t o .John B lauvelt, Chair
m an, and en dorsed * P rop osals f o r R e b u ild in g
*
B on d s.”
T h e C om m ittee reserves th e r ig h t t o r e je c t an y and
ail bids i f th e y deem it in th e interest o f th e C o u n ty
s o t o do.
A d dition al in form ation , i f requ ired, can b e o b
tained from A rth u r B. Pearce, Clerk, Havings In sti
tu tion Building, P a terson, N. J.
JO H N B L A U V E L T , Chairm an.
ARTHUR B . PXAJUJK, Clerk.
8178,500 City o f Hedalin, Mo............... 4M«
20.000 County of Lake, Ind ........... 5*
18.000 County ol Vlissnuln, Mont... 6»
8,500 Cook County. 111., P ark....... 5#
9,000 Little Fall*. Minn (ScireuD. -lMs
37.000 ChttTle.ton, i l l .............. 5# dfc 4H *
200,000 South Side Klevnted ............ * H »
(Chicago First Mtge.)
M A S O N , L E W IS &
BAN KERS,
C O .,
BOSTONt Worthington Bldg., 31 State St.
CHICAGOt 171 La Salle St.
T H E
296
W e s t B a y C i t y , M i c h . — B o n d S a l e .— T h e c i t y o r A u g u s t 9
a w a r d e d t o T h e L a m p r e c h t B r o s . C o . o f C l e v e l a n d a t 104-625
t h e $ 2 0 ,0 0 0 o f 5 p e r c e n t e l e c t r i c - l i g h t b o n d s .
T h e in terest o n
t h e l o a n w i l l b e p a y a b l e in N e w Y o r k C i t y i n l a w f u l m o n e y ,
a n d t h e p r i n c i p a l w i l l m a t u r e i n 1 917.
W e s t S u p e r i o r , W i s . — B o n d N e w s .— k d i s p a t c h t o t h e
“ P o s t ” o f R o c h e s t e r , M i n n ., d a t a d A u g u s t 6 , 1 8 9 7 , s a y s :
" B u s in e s s m e n a r e a ll s tir r e d u p o v e r th e p la n o f th e a d m i n
i s t r a t i o n t o r e f u n d t h e c i t y ’ s b o n d e d i n d e b t e d n e s s a n d is s u e
n e w tw e n ty -y e a r b o n d s.
T h e i d e a is t o p a y u p b o n d s f o r
w h ic h fu n d s c a n b e s c r a p e d t o g e t h e r a n d r e fu n d t h e re s t as
a ‘ lie n o n p o s t e r it ? .’
M a n y t a x p a y e r s c o n s t r u e it as a n a t
t e m p t t o m a k e t h e m p t y ille g a l b o n d s .
M a n y c it y b o n d s, if
th is p r o je c t d o e s n o t c a r r y , a re l ik e ly t o b e r e p u d ia t e d b y
r e a s o n o f t e c h n i c a l w r o n g s i n t h e i r is s u a n c e , s a v i n g h u n d r e d s
o f th ou sa n d s to th e ta x p a y e rs ”
W h e e l i n g , W . V a ,— B o n d N e w s .— C it y R e c e iv e r F o r g e y , o f
W h e e l i n g , is e n g a g e d in t h e w o r k o f c o m p i l i n g t h e i n f o r m a t io n r e c e i v e d f r o m v a r i o u s c i i i e s l o o k i n g t o w a r d t h e r e f u n d
in g o f th e c it y o f W h e e lin g ’ s d e b ts.
T h e R e c e iv e r b e lie v e s
th a t th e c i t y w ill h a v e n o t r o u b le in r e f u n d i n g th e p re s e n t
b o n d e d i n d e b t e d n e s s o f $ 7 5 0 ,0 0 0 o n a 4 p e r c e n t b a s is .
The
a v e r a g e r a t e n a id a t p r e s e n t is 5 -9 6 p e r c e n t , a n d i f r e f u n d e d
a t 4 p e r c e n t a s a v i n g o f a b o u t $ 1 5 ,0 0 0 a y e a r w o u l d b e
e ffe cte d .
W h ite S u lp h u r S p r in g s , M o n t .— B o n d A u c t i o n .— T h e t o w n
o f W h i t e S u l p h u r S p r i n g s , M e a g h e r C o u n t y , w i l l s e ll a t p u b
l i c a u c t i o n a t 12 o ’ c l o c k n o o n , S e p t e m b e r 11, 1 8 9 7 , a t t h e o f f i c e
o f t h e T o w n C le r k , $ 3 9 ,0 0 0 o f 6 p e r c e n t o f m u n i c i p a l w a t e r
b on d s.
T h e s e c u r i t i e s w i l l b e in d e n o m i n a t i o n s o f e i t h e r $ 10 0
o r $ 1 ,0 0 0 e a c h , w i t h i n t e r e s t p a y a b l e s e m i a n n u a l l y : T h e
p r i n c i p a l w i l l m a t u r e t w e n t y y e a r s f r o m d t t s o f is s u e , b u t
r e d e e m a b le a ft e r te n y e a rs .
N o b i d f o r le s s t h a n p a r w i l l b e
e n t e r t a in e d .
Y o r k C o u n t y , N e b . — B o n d s R e d e e m e d . — O n A u g u s t 2 .1 8 9 7 ,
the C o u n t y r e d e e m e d t h e l a s t o f t h e b o n d s i s s u e d in 1 87 7 a t
the t i m e o f t h e b u i l d i n g o f t h e B u r l i n g t o n R a i l r o a d t o t h i s
p o in t.
T h e b o n d s a m o u n t e d t o $ 4 3 ,5 0 0 a n d b o r e i n t e r e s t a t
t h e r a t e o f 10 p e r c e n t .
Y o u n g s t o w n , O h io .— B o n d s A u t h o r iz e d . — A n o r d in a n c e
p r o v id in g f o r tn e is s u a n c e o f $560 o f b o n d s f o r t h e p u r p o s e o f
t r a d in g S c o t t a n d H e n r y s tr e e ts h a s b e e n p a s s e d b y t h e C it y
C o u n c il.
p r i n c i p a l w i l l m a t u r e a t t h e r a t e o f $ 1 ,0 0 0 a n n u a l l y , b e g i n
n in g ; t h r e e y e a r s f r o m d a t a o f is s u e .
W a r r e u , O h i o . — B o n d S a l e .— T h e f o l l o w i n g is a c o m p l e t e
lis t o f b id s r e c e iv e d o n A u g u s t o , 1807, b y t h e c i t y o f W a r r e n
f o r $ 8 ,4 0 0 o f 5 p e r c e n t b o n d s :
Atlas N ational Bank. Clncln. .$8.702 40 W arren Savings Bank. W arren .$8,583*10
Season eood k M ayer, C ln c in .. s .662*00 W e ste rn R e se rv e N at’l Bank,
W a rre n ........................................ §,o0;?*73
W .J . H ayes & Sons.C leveland. 8,051*00
itiidofphItlV yboite A'C u-.C in.! iwiiiVao j 8. A. K ean. C h i c a g o . . . . . . . . . . . 8 .« 0 " t 0
T h e b o n d s w e r e a w a r d e d t o th e A tla s N a tio n a l B a n k ,
In e
s e c u r i t i e s w e r e f u l l y d e s c r i b e d in t h e C h b o n i c l e o f J u l y 17.
W a s h i n g t o n C o u n l y , 61a.— B o n d N e w s — W e a r e i n f o r m e d
t h a t W a s h i n g t o n C j u u i y h a s d e t e r m i n e d n o t to i s s u e b o n d s ,
as lo c a l ca p ita lis ts h a v e o ffe r e d t h e c o u n ly a ll th e m o n e y
n e e d e d a t a re a s o n a b le ra te w it h o u t b o n d s .
W a t e r t o w n , W a n . — B o i d S i l e . — O n A u g u i t I t , 1 89 7 , t h e
t o w n o f W a t e r t o w n a w a r d e d t b s $ 3 1 ,0 9 0 o f 4 p e r c e a t c o u p o n
n o te s to J o se , P a rk e r & C o. o f B o sto n .
T h e f o l l o w i n g is a c o m p e t e lis t o f b id s :
.lose, Parker & C o., B o s t o n .........103'825 N. W . H arris & Co., B o s t o n ....... 10V38
Adam s 4 Co.. B o s to n ....................103-683 S. T. S h a r p ...... . . . . . . . ...............10J15
Jas. W . L oon street & Co., B os. .103-673 G eo. A . Fern rid & Co., B oston . .103-133
R, I,. D iv 4 Coh B 'Ston .............103-559 F rederick B a n c r o ft .......................102' i ; §
B lod a eC M erritt & Co., B o s to n .. 103-53
IS. H. R ollin s & Sons, B o sto n . ..102-818
K stabrook & C j.. B oston ........... 103'40
Blake B ros. & Co., B oston.. ........102-.ll
T n e s e c u r i t i e s w i l l m a t u r e i n 1997, a n d w ill b e in d e n o m i n a
t io n s o f $ 1 ,0 0 0 o r la r g e r , a s t h e p u r c h a s e r s h a ll e le c t .
W a u w a t o s a , W l s . — B o n d S a l e .— O n A u g u s t 10, 1897, t h e
c i t y o f W a u w a t o s a a w a r d e d t o a l o c a l i n v e s t o r a t 104-596
$ 4 0 ,0 0 0 o f 5 p ° r c e n t b o n d s , i s s u e d f o r t h e p u r p o s e o f c o n
s tr u c tin g , o p e r a t in g a n d m a n a g in g a w t t e r -w o r k s s y s te m .
T n e s e c u r i t i e s a r e in d e n o m i n a t i o n s o f S I ,009 , d a t e d A u g u s t
2 , 1 89 7 , a n d t h e p r i n c i p a l w i l l m a t u r e a t t h e r a t e o f $ 3 ,0 0 0 a n
n u a l l y , b e g i n n i n g 'A u g u s t 2 , 1 89 8 , T h e i n t e r e s t w i l l b e p a y
a b le s e m i-a n n u a lly on th e s e c o n d d a y s o f F e b r u a r y a n d A u g
u s t , a t t h e C e r t r a l N a t i o n a l B a n k o f M i l w a u k e e , in l a w f u l
m o n e y o f t h e U n i t e d S t a t e s . T h e b o n d s a r e is s u e d p u r s u a n t
t o t h e p r o v i s i o n s o f a r e s o l u t io n o f t h e V i l l a g e B ra rd , p a s s e d
S e p t e m b e r 27, 1895, a n d d u ly r a t ifie d a t a s p e c ia l e le c t io n
h e d O c t o b e r 15, 1895, a n d in a c c o r d a n c e w i t h a n o r d i n a n c e
o f t h e C o m m o n C o u n c i l p a s s e d J u l y 2 0, 1897.
F o r th e p a ym t r t o f th e p r in c ip a l a n d in te r e s t u p o n t h e s e b o n d s th e re h a s
b e e n p r o v i d e d a t a x u p o n a ll t h e t a x a b l e p r o p e r t y , r e a l a n d
p e r s o n a l , in t h e c i t y o f W a u w a t o s a .
T h e c it y has n o in d e b t
e d n e s s e x c e p t $ 7 ,0 0 0 d u e t h e S t a t e f o r s c h o o l p u r p o s e s a n d a
i-i r i » s o f w a t - r - w o r k s b o n d s . A s s e s s e d v a l u a t i o n is $ 1 ,5 7 5 ,0 6 2 .
N E W
L O A N S .
N E W
S T . L O U IS , M IS S O U R I,
B O N D
a n d
A P P R A IS E M E N T S M A D E O R Q U O T A T IO N S
F U R N IS H E D F O R T H E P U R C H A S E , S A L E O R
E X C H A N G E O F A B O V E S E C U R IT IE S .
LISTS ON APPLICATION.
.
$100,000
*3,000
136,o00
50.000
75.000
22,500
1
0
0
, 0
0
0
S Y R A C U
S E ,
N .
Y . ,
3 i s .
F a r s o n ,
L e a c h
&
CHICAGO,
10(1 Dearborn 8t.
H A R R I S
&
E. D. SHEPARD & CO.,
B AN KERS,
1 NASSAU ST. (Bank o f Commerce Bldg.),
Blodget, Merritt & Co.,
B A N K E R S ,
•6 Congress Street. Boston.
S T A T E , C IT Y & R A IL R O A D
BONDS-
Bank o f Commerce Building,
31 NASSAU STREET, NEW YORK.
C o .,
NEW YORK,
‘t W all St.
C .
H .
W
H
I T
E
&
C O .,
BANKERS,
I n v e s t m e n t
B o n d s
FOR
N e w
Y o r k
a n d
S a v i n g s
B a n k s
T r u s t e e s .
LISTS SENT UPON A P P L IC A T IO N
M E M B E R S OF BO STON A N D N E W > O P *
’
STOCK E X C H A N G E S .
R .
L .
D A Y
&
C O .,
State, Municipal, County, School
31 NASSAU ST., NEW YO R K .
$200,000 Grand Rapids, M ick................. 5s
35.000 Bay City, Mick..................
4s
21.000 Saginaw, Micli........................... 4s
75.000 Fall River, Mass....................... 4s
70.000 Chelsea, Mass.......................... ,.4s
75.000 Danbury, Conn........................... 4s
35.000 Far Rockaway, N. Y ................. 5s
7.000 Rockland Co., N. Y ....................5s
10.000 Waterford, N. Y .........................4s
25.000 Berkley, Va..... ...........................6s
5.000 Topeka, K a n ............................ 5s
10.000 Spokane, W ash..........................5s
6.000 Des Moines, Iow a...................... 6s
15.000 North Western Union R y .........7s
10.000 Hereford Ry (Maine Cent.)..... 4s
25.000 Rapid Transit Ferry................. 5s
200,000 Detroit R ailw ay....................... 5s
List With Prices on Application.
B O N D S .
L egal In vestm ents f o r Savings Banks in N ew Y ork
and all N ew England.
R u d o lp h
C O .,
Jamaica 1017-36, Gold.........
Queens 1927-76, Gold........gg*
Arverne 1920-25, Gold.........
Westfield 19*2, Gold........... fi%
North field 1927, Gold.......... 5*
Middletown 1S9S-1917, t.old j*
U n der t h e new ch arter th e a b o v e bon d s are a d ire ct
oblig ation o f G R E A T E R N E W Y O R K , and
m ay b e co n v e rte d a fte r Jan uary 1,1898, in to R E G I S T E R E D S T O C l L o f th e new citv o f N ew Y ork .
P rices an d fu ll partiiiila rs on app lication.
TRICE ON APPLICATION.
HIGH-GRADE
B o n d s
BOUGHT AND SOLD.
W
G r e a te r N e w Y o r k B o n d s .
LO AN .
40 Water Street, Boston.
7 Naanau Street, New York.
M u n i c i p a l
N .
I N V E S T M E N T S .
i
H Y. BESCH.
Register.
e n t
N E W
#
Mayor’ * office,
G o v e r n m
L O A N S .
C A L L .
St . L o u i s , A u g u s t 7th, 189?. 5
T O W H O M IT M A Y C O N C E R N :
N otice i» hereby given th a t th e bon d s o f th e City
o f St. L ou is, issued under au th ority o f O rdinance
No. 13,061, num bered from n in e ty -e ig h t hun dred
nnd e ig h ty -fo u r (9884) t o ten thousand five hun dred
and three (10,603) b o th inclusive, will b e redeem ed
on th e secon d day o f February, eighteen hun dred
and nin ety-eigh t, pursuan t t o th e term s o f said
O rdinance N o. 13,OM, and th e term s expressed in
said bonds, and th at said bouds will cease t o hear
in terest on said second day o f February, 1898. Said
bonds are dated F ebruary 2d, 1885, are payable Feb
ru a ry 2d. 1905, and are redeem able a t th e o p tio n o f
th e city o f St. L ou is a t any tim e a fte r ten years
from th eir date.
Each o f said bonds, when presented fo r redem p
tion , m ust h ave the fo u r te e n unearned sem i-annua
in terest coupons, num bered from tw en ty-seven to
fo rty , inclusive, attached.
T h ese b on d s are cailed In fo r th e purpose o f per
m an en t retirem ent.
H E Y . ZIE G E N H E IN ,
M ayor.
: L. 8.
IS A A C H . ST U R G E O N .
Attest:
Com ptroller.
[VOL. LXV.
C H R O N IC L E .
K le y b o lt e
&
W H A U U & S C H L E S IN G E E ,
C o.,
BANKERS,
N. W. Cor. 3d & Walnut Sts.,
Cincinnati, Ohio.
41 and 43 Wnil St. au.1
47 Exchange Place, N. Y. Cily.
LISTS MAILED UPON APPLICATION.
C H R O N IC L E V O L U M E S
1874-ISS7-!2S VOLUMES.
Bound In full muroeco. Offer wanted for the Bet,
Address
WILLIAM B. DANA COMPANY.
76Jf Pine Street, New York.
M U N I C I P A L
B O N D S .
‘I
W ALL STREET,
NEW YORK.
Edward I. Rosenfeld,
M U N IC IP A L SE C U R IT IE S .
High-Grade Warrants a Specialty
Write for List.
N o. 66 B roa d w a y , N ew
Y ork.
@FedFRASER